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Page 1
                                  EXPANDING FOOTPRINT
                       AND DIVERSIFYING EXCELLENCE FOR
                                   SUSTAINABLE GROWTH
Laporan Terintegrasi
Integrated Report
2025
Page 2

          
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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                      Laporan Terintegrasi
                                                                      Integrated Report
                                                                      2025
Page 4
    01


   02
                             Penjelasan Tema
                             Theme Explanation
  03


   04

                                                     EXPANDING
   05
                                                     FOOTPRINT
  06                                                 AND DIVERSIFYING
                                                     EXCELLENCE FOR
                                                     SUSTAINABLE
                                                     GROWTH



                                                     2025
Pendahuluan - Introduction




                             Kesinambungan Tema
                             Theme Continuity




                                                 2024
                                                 ADVANCING OPERATIONAL AGILITY AND
                                                 TRANSFORMATION FOR A FUTURE-READY,
                                                 CUSTOMER-CENTRIC MRO




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                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
PT Garuda Maintenance Facility Aero Asia Tbk (GMF) memperkuat posisinya sebagai penyedia MRO terdepan di Indonesia dengan
berfokus pada pengembangan kemampuan, khususnya untuk platform Boeing 737 MAX dan Boeing 787, serta layanan khusus
pada landing gear dan aero structure pada tahun 2025. GMF menunjukkan kepemimpinan dalam kualitas perawatan, didukung oleh
inovasi teknologi yang berkelanjutan dan pengembangan sumber daya manusia yang terampil. Fokus strategis ini memungkinkan
GMF untuk tetap kompetitif sebagai bagian untuk memperluas excellence footprint di pasar MRO Global.

GMF telah menerapkan agenda strategi korporasi 2025 berlandaskan lima pilar strategis, yaitu: 1. Transformasi Operasional, 2.
Optimalisasi Arus Kas, 3. Peningkatan Ekuitas, 4. Pengembangan Teknologi, 5. Pertumbuhan Bisnis yang Menguntungkan. Kelima pilar
tersebut membentuk kemampuan GMF untuk mendorong Pertumbuhan Diversifikasi Usaha yang Terdiversifikasi demi Pertumbuhan
Global Berkelanjutan.

Hasilnya terlihat dari capaian pendapatan USD492 juta (2024: USD421 juta) dan laba USD34 juta (2024: USD27 juta).

Melalui kinerja yang kuat dan terus meningkat, GMF membangun pertumbuhan berkelanjutan melalui peningkatan kualitas dan
kemampuan bisnis intinya, sekaligus mempercepat diversifikasi ke segmen bisnis baru. Dengan mempertahankan pendekatan
yang berfokus pada pertumbuhan, GMF akan terus menghasilkan nilai jangka panjang memastikan kinerja keuangan yang kuat,
Profitable dan ketahanan operasional demi daya saing berkelanjutan di industri MRO yang semakin dinamis.




                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
PT Garuda Maintenance Facility Aero Asia Tbk (GMF) strengthened its position as a leading MRO company in Indonesia by
focusing on developing its capability, particularly for the Boeing 737 MAX and Boeing 787 platforms, as well as specialized
services in landing gear and aerostructures in 2025. GMF showed its leadership in maintenance quality, supported by continuous
technological innovation and the development of a skilled workforce. This strategic focus enables GMF to remain competitive
while expanding its excellence footprint in the global MRO market.

GMF has gone through 2025 using the following five strategic pillars as its corporate strategy: 1. Operational Transformation,
2. Cash Flow Optimization, 3. Equity Improvement, 4. Technology Development, and 5. Profitable Business Growth. These
five pillars collectively strengthen GMF’s capabilities to drive diversified business growth for sustainable global expansion.

The results are reflected in revenue of USD492 million (2024: USD421 million) and profit of USD34 million (2024: USD27 million).

Through strong and continuously improving performance, GMF is building sustainable growth by enhancing the quality and
capabilities of its core business while accelerating diversification into new business segments. By maintaining a growth-
focused approach, GMF will continue to generate long-term value, ensuring strong financial performance, profitability and
operational resilience to remain competitive in the increasingly dynamic aviation industry.




Perseroan memasuki fase transformasi penting                      The Company embarked on a pivotal phase of
dalam menghadapi era industri aviasi yang terus                   transformation to respond to a rapidly evolving
berkembang. Seiring dengan bangkitnya industri                    aviation landscape. With the industry emerging
dari bayang-bayang disrupsi global dan memasuki                   from the shadows of global disruption and
era pemulihan, inovasi, serta meningkatnya                        entering an era marked by recovery, innovation,
ekspektasi pelanggan, GMF menegaskan kembali                      and rising customer expectations, GMF reaffirmed
komitmennya untuk menjadi penyedia Maintenance,                   its commitment to becoming a future-ready
Repair, and Overhaul (MRO) yang siap menghadapi                   Maintenance, Repair, and Overhaul (MRO) provider
masa depan dengan operasional yang gesit dan                      that is agile in operations and centered around
berfokus pada kebutuhan pelanggan.                                customer needs.

Organisasi yang gesit (agile) menjadi landasan                    Agility was the cornerstone of GMF’s operational
utama strategi operasional GMF sepanjang 2024.                    strategies in 2024. The Company proactively
Perseroan secara proaktif mengatasi tantangan                     addressed spare parts procurement challenges,
pengadaan suku cadang, mengoptimalkan                             optimized maintenance planning, and navigated
perencanaan perawatan, dan menghadapi                             high aircraft maintenance costs linked to exchange
tingginya biaya perbaikan pesawat yang                            rate volatility and global logistics constraints.
dipengaruhi oleh volatilitas nilai tukar dan                      Through debt restructuring, cash flow optimization,
hambatan logistik global. Melalui restrukturisasi                 and equity improvements, GMF ensured operational
utang, optimalisasi arus kas, dan perbaikan ekuitas,              resilience while maintaining a customer-first
GMF memastikan ketahanan operasional sambil                       approach.
tetap mengedepankan pendekatan yang berpusat
pada pelanggan.



                                                                                                                                                     5
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    01


   02


  03
                                                                           2023
                                                                           NAVIGATING PROFITABILITY THROUGH
   04
                                                                           OPERATIONAL ADVANCEMENTS FOR

   05
                                                                           SUSTAINABLE GROWTH
                                                                           MENAVIGASI PROFITABILITAS MELALUI
  06                                                                       KEMAJUAN OPERASIONAL UNTUK
                                                                           PERTUMBUHAN YANG BERKELANJUTAN




                             Sepanjang tahun, Perseroan melakukan langkah-             Throughout the year, the Company strategically
                             langkah strategis memanfaatkan kemajuan                   leveraged operational advancements to achieve
                             operasional untuk mencapai profitabilitas sekaligus       profitability while ensuring sustainable growth in
                             memastikan pertumbuhan berkelanjutan di tengah            the aviation industry’s pace of recovery following
                             pemulihan industri penerbangan yang melaju                the pandemic’s subsiding.
Pendahuluan - Introduction




                             kencang setelah pandemi mereda.

                             Dengan memprioritaskan keunggulan operasional             By prioritizing operational excellence and financial
                             dan stabilitas keuangan, Perseroan berhasil               stability, the Company successfully expanded its
                             memperluas jangkauannya di luar captive market,           capabilities beyond its captive market, diversifying
                             mendiversifikasi basis pelanggan, dan merambah            its customer base and venturing into sectors
                             ke sektor-sektor selain aviasi. Diversifikasi strategis   beyond aviation. This strategic diversification
                             ini memungkinkan Perseroan memanfaatkan                   enabled the Company to capitalize on new revenue
                             peluang pendapatan baru, memastikan                       opportunities, ensuring business continuity even
                             kelangsungan bisnis bahkan di tengah tantangan            amid challenges like parts scarcity or geopolitical
                             seperti kelangkaan suku cadang atau ketegangan            tensions.
                             geopolitik.




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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                     2022
                                                     FINANCIAL AND OPERATIONAL
                                                     RESTRUCTURING FOR SUSTAINABLE
                                                     RECOVERY IN THE NEW ERA
                                                     RESTRUKTURISASI FINANSIAL DAN
                                                     OPERASIONAL SEBAGAI UPAYA PEMULIHAN




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                     BERKELANJUTAN DI ERA YANG BARU




Pada tahun 2022 berhasil mencetak laba bersih                      In 2022 the Company succeeded in generating
setelah sebelumnya mengalami kerugian akibat                       profit after having to suffer from loss due to the
pandemi.                                                           pandemic.

Pencapaian laba bersih didorong oleh kinerja                       This net profit was driven by our revenue after
pendapatan yang meningkat seiring dengan                           it went up following the recovery of the airline
pemulihan industri airline secara keseluruhan,                     industry as a whole, especially from the Affiliated
terutama dari Grup Afiliasi Garuda. Tentunya                       Group of Garuda. In addition, the Company kept
Perseroan juga terus mengembangkan bisnis                          improving its business, expanding to reach other
untuk berekspansi menjangkau bisnis lain yang                      segment that can withstand the pandemic. An
dapat bertahan dari pandemi. Salah satu milestone                  important milestone was when the Company was
penting adalah ketika Perseroan dipercaya oleh                     trusted by the Ministry of Defense to carry out
Kementerian Pertahanan untuk melakukan                             the C130H Modernization. Along with this, the
Modernisasi C130H. Seiring dengan hal tersebut,                    Company is also entrusted by Lockheed Martin
Perseroan juga dipercaya Lockheed Martin untuk                     to maintain Hercules aircraft in Indonesia and
merawat pesawat Hercules di Indonesia sehingga                     therefore increasing GMF’s market penetration in
meningkatkan penetrasi pasar GMF di industri                       the national defense industry.
pertahanan nasional.

S t r a t e g i p e n e t r a s i p a s a r, m e m p e r l u a s   The market penetration, coupled with expansion to
jangkauan untuk meraih pasar baru yang                             reach the new, more profitable markets, were also
lebih menguntungkan, juga diiringi oleh upaya                      accompanied by restructuring efforts. It is a fact
restrukturisasi. Tidak bisa dipungkiri bahwa GMF                   that GMF has not yet reached its pre-pandemic
masih belum mencapai tingkat kesehatan finansial                   soundness level in terms of finance and operation.
dan operasional seperti sebelum pandemi. Dalam                     In its efforts to recover when the situation returns
upayanya untuk memulihkan diri saat situasi                        to positive, restructuring is important to give the
kembali positif maka upaya restrukturisasi menjadi                 Company enough space to maneuver in growing
penting untuk memberikan ruang gerak yang cukup                    its business.
bagi Perseroan menumbuhkan usaha.




                                                                                                                                       7
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    01
                             Daftar Isi
   02                        Table of Contents

  03
                             Penjalasan Tema
                                                                        03                Profil Perusahaan           04             Analisis dan
                             Theme Explanation
                                                                   4
                                                                                            Company Profile                Pembahasan Manajemen
                             Kesinambungan Tema                                                                            Management Analysis and
                                                                   4
   04                        Theme Continuity                                                                                          Discussion
                             Daftar Isi                                 Jejak Langkah                           58
                                                                   8
                             Table of Contents                          Milestones
                                                                                                                      Kebijakan Strategis 2025
                             Tentang Laporan Terintegrasi                                                                                                     120
   05                        About this Integrated Report
                                                                   10
                                                                        Visi, Misi, dan Nilai Perusahaan
                                                                        Vision, Mission, and Core Values
                                                                                                                60    Strategic Policy in 2025
                                                                                                                      Aspek Pemasaran                         122
                             Tentang Laporan Keberlanjutan              Logo Perusahaan                         65    Marketing Aspect
                                                                   11
                             About the Sustainability Report            Company Logo
                                                                                                                      Tinjauan Operasi Per Segmen
  06                         Penentuan Topik Material
                                                                   12
                                                                        Penghargaan dan Sertifikasi             66    Usaha
                             Determination of Material Topics           Awards and Certification                                                              125
                                                                                                                      Operational Review by Business
                             Sekilas 2025                               Keanggotaan Asosiasi                    69    Segment
                                                                   14
                             Highlights of 2025                         Membership in Associations                    Tinjauan Keuangan
                                                                                                                                                              134
                                                                        Bidang Usaha, Produk dan Jasa,                Financial Review
                                                                        Jaringan Usaha                          70    Informasi dan Fakta Material Setelah
                             01              Ikhtisar Kinerja           Business Field, Products and                  Pelaporan Akuntan
                                                                                                                                                              157
                                                                        Services, Business Network                    Information and Material Facts
                                      Performance Highlights                                                          Subsequent to the Accountant’s
                                                                        Wilayah Operasional                     74
                                                                        Operational Area                              Report

                                                                        Perubahan Signifikan                    74    Informasi Dampak Nilai Tukar Mata
                             Ikhtisar Data Keuangan Penting                                                           Uang Asing                              158
                                                                   18   Significant Changes
                             Key Financial Data Highlight                                                             Information on the Impact of Foreign
                             Ikhtisar Bisnis dan Operasional            Struktur Organisasi                     76    Currency Exchange Rate
                                                                   20   Organization Structure
                             Business and Operational Highlight                                                       Kebijakan Dividen dan
                                                                        Perubahan Komposisi Dewan                                                             158
                             Ikhtisar Saham                                                                           Pembagiannya
                                                                   21   Komisaris dan Direksi                         Dividend Policy and Disbursement
                             Share Highlight                                                                    78
                                                                        Changes in the Composition of the
                             Ikhtisar Obligasi                          Board of Commissioners and Board              Kontribusi Kepada Negara                159
                                                                   23                                                 Contribution to the State
                             Bond Highlight                             of Directors
Pendahuluan - Introduction




                             Sumber Pendanaan Lainnya                   Profil Dewan Komisaris                        Program Kepemilikan Saham Oleh
                                                                   23                                           79    Karyawan dan/atau Manajemen
                             Other Funding Sources                      Board of Commissioners’ Profile
                                                                                                                      (ESOP/MSOP)                             159
                             Peristiwa Penting 2025                     Profil Direksi                                Share Ownership Program for
                                                                   24                                           85
                             Significant Events in 2025                 Board of Directors’ Profile                   Employees and/or Management
                                                                        Profil Pejabat Eksekutif                      (ESOP/MSOP)
                                                                                                                90
                                                                        Profile of Executive Officials                Realisasi Penggunaan Dana Hasil
                             02         Laporan Manajemen               Demografi Pegawai                       97    Penawaran Umum
                                                                                                                                                              160
                                                                        Employee Demographic                          Realization of Proceeds from Public
                                         Management Report                                                            Offering
                                                                        Informasi Pemegang Saham
                                                                                                                101   Realisasi Penggunaan Dana Hasil
                                                                        Information on Shareholders
                             Laporan Dewan Komisaris                                                                  Penawaran Umum Obligasi
                                                                   31   Daftar Entitas Anak, Entitas                                                          160
                             Board of Commissioners’ Report                                                           Realization of Proceeds from Bond
                                                                        Asosiasi, Joint Venture (JV), Special         Offering
                             Laporan Direksi                            Purpose Vehicle (SPV)
                                                                   37                                           106   Informasi Material Mengenai
                             Board of Directors’ Report                 List of Subsidiaries, Associates,
                                                                        Joint Venture (JV), Special Purpose           Investasi, Ekspansi, Divestasi,
                             Pernyataan Dewan Komisaris                                                               Penggabungan Usaha, Akuisisi, dan/
                                                                        Vehicle (SPV)
                             Tentang Tanggung Jawab atas                                                              atau Restrukturisasi Utang/Modal
                             Laporan Terintegrasi 2025 PT               Kronologi Penerbitan dan                                                              161
                                                                                                                      Material Information Regarding
                             Garuda Maintenance Facility Aero           Pencatatan Saham                              Investment, Expansion, Divestment,
                                                                                                                107
                             Asia Tbk                                   Chronology of Share Issuance and              Business Combination, Acquisition,
                                                                   48
                             Statement of the Board                     Listing                                       and/or Debt/Capital Restructuring
                             of Commissioners on the
                                                                        Informasi Kronologi Penerbitan                Informasi Transaksi Material yang
                             Responsibility for the 2025
                                                                        dan Pencatatan Efek Lainnya                   Mengandung Benturan Kepentingan
                             Integrated Report of PT Garuda                                                     108
                                                                        Chronological Information on Other            dan/atau Transaksi Dengan Pihak
                             Maintenance Facility Aero Asia Tbk
                                                                        Securities Issuance and Listing               Afiliasi/Pihak Berelasi
                             Pernyataan Direksi Tentang                                                                                                       164
                                                                        Lembaga dan Profesional Penunjang             Information on Material
                             Tanggung Jawab atas Laporan                                                              Transactions Containing Conflicts
                                                                        Supporting Agencies and                 109
                             Terintegrasi 2025 PT Garuda                                                              of Interest and/or Transactions with
                                                                        Professionals
                             Maintenance Facility Aero Asia Tbk    49                                                 Affiliated/Related Parties
                             Statement of the Board of Directors        Kerja Sama Dengan Mitra Lain
                                                                                                                112   Informasi Keuangan yang
                             on the Responsibility for the 2025         Cooperation with Other Partners
                             Integrated Report of PT Garuda                                                           Mengandung Kejadian yang Bersifat
                                                                        Informasi Situs Web GMF                       Luar Biasa dan Jarang Terjadi           167
                             Maintenance Facility Aero Asia Tbk                                                 114
                                                                        GMF Website                                   Financial Information that Contains
                             Informasi Umum Perusahaan             52                                                 Extraordinary and Rare Events
                                                                        Tinjauan Perekonomian dan Industri
                             General Information of the Company                                                 118
                                                                        Industrial and Economic Review                Perubahan Peraturan Perundang-
                             Skala Usaha                           54                                                 Undangan yang Berpengaruh
                             Business Scale                                                                           Signifikan Terhadap Perseroan           168
                             Riwayat Singkat GMF                   56                                                 Changes in Law and Regulations that
                             A Brief History of GMF                                                                   Had Significant Affect to the Company




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                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Perubahan Kebijakan Akuntansi dan
Dampaknya Terhadap Perseroan         169
                                           Komite Pemantau Risiko Dan Tata
                                           Kelola Terintegrasi
                                                                                        06                       Laporan
                                                                                  299
Changes in Accounting Policies and         Business Development and Risk                                  Keberlanjutan
Its Impact on the Company                  Monitoring Committee
                                                                                                     Sustainability Report
Informasi Kelangsungan Usaha               Sekretaris Perusahaan & Legal
                                     170                                          306
Business Continuity Information            Corporate Secretary & Legal
Tinjauan Teknologi Informasi                                                            Ikhtisar Kinerja Keberlanjutan 2025
                                           Internal Audit
                                     171                                          313   Highlights of Sustainable             372
Information Technology Review              Internal Audit
                                                                                        Performance in 2025
                                           Quality Assurance & Safety
                                                                                  320   Hubungan Dengan Pemangku
                                           Quality Assurance & Safety
 05                  Tata Kelola           Enterprise Risk Management
                                                                                        Kepentingan
                                                                                        Stakeholders Engagement
                                                                                                                              374
                                                                                  325
                                           Financial & Management Accounting
                    Perusahaan                                                          Menanamkan Budaya Keberlanjutan
                                           Akuntan Publik                               Secara Berkesinambungan
           Corporate Governance            Public Accountant
                                                                                  331
                                                                                        Embedding the Sustainability
                                                                                                                              377
                                                                                        Culture Continously
                                           Manajemen Risiko
                                                                                  336
                                           Risk Management                              Kendala, Tantangan, dan Peluang
Komitmen Kuat Penerapan Tata                                                            Obstacles, Challenges, and            378
                                           Sistem Pengendalian Internal
Kelola Perusahaan yang Baik                                                       344   Opportunities
                                           Internal Control System
Strong Commitment to                 180
Implementing Good Corporate                                                             Komitmen Penanganan Risiko Atas
                                           Perkara Penting
                                                                                  347   Penerapan Keberlanjutan
Governance                                 Important Cases                                                                    379
                                                                                        Risk Management Commitment on
Struktur Tata Kelola Perseroan             Akses Informasi dan Data                     Sustainability Implementation
The Company’s Governance             184   Perusahaan                             348
Structure                                                                               Kinerja Finansial dan Kontribusi
                                           Access to Information and Company
                                                                                        Ekonomi
                                           Data                                                                               386
Hasil Tata Kelola: Evaluasi,                                                            Financial Performance and
Pemantauan, dan Peningkatan          187   Kode Etik                                    Economic Contribution
                                                                                  352
Governance Results: Evaluation,            Code of Conduct
Monitoring, and Improvement                                                             Upaya Pelestarian Lingkungan
                                           Kebijakan Anti Korupsi dan                                                         390
                                                                                        Environmental Conservation Efforts
Rapat Umum Pemegang Saham                  Pengendalian Gratifikasi
                                                                                  355   Menghargai dan Melindungi
(RUPS)                                     Anti-Corruption and Gratuities
                                     192                                                Pegawai
General Meeting of Shareholders            Control                                                                            402
(GMS)                                                                                   Appreciation and Protection of Our
                                           Informasi Pemberian Dana Untuk               Employees
Pencegahan Transaksi Orang Dalam           Kegiatan Politik
                                     221                                          356   Manajemen Karier
Insider Trading Prevention                 Information on Funding for Political                                               419
                                                                                        Career Management
                                           Activities
Dewan Komisaris
                                     222                                                Memastikan Kepuasan Pelanggan
Board of Commissioners                     Laporan Harta Kekayaan                                                             435
                                                                                        Ensuring Customer Satisfaction
                                           Penyelenggara Negara (LHKPN)
Direksi                                                                           357
                                     233   State Officers’ Asset Reports                Tanggung Jawab Sosial Perusahaan
Board of Directors                                                                                                            440
                                           (LHKPN)                                      Corporate Social Responsibility
Informasi Lainnya Tentang Dewan
                                           Kebijakan Pengadaan Barang dan               Lembar Umpan Balik
Komisaris                                                                                                                     446
                                           Jasa                                   358   Feedback Form
dan Direksi
                                     243   Procurement Policy
Other Information About the Board                                                       Indeks Isi POJK NO.51/OJK.03/2017
of Commissioners and Board of              Whistleblowing System                        POJK NO.51/OJK.03/2017 Content        448
                                                                                  361
Directors                                  Whistleblowing System                        Index
Sekretaris Dewan Komisaris                 Ruang Lingkup                                Indeks Isi Consolidated GRI
                                                                                  363
Secretary to the Board of            279   Coverage                                     Standard 2021
                                                                                                                              451
Commissioners                                                                           Consolidated Content Index of GRI
                                           Penyampaian Laporan
                                                                                  364   Standard 2021
Komite Audit                               Report Submission
                                     283
Audit Committee                                                                         Keselarasan Laporan Keberlanjutan
                                           Transparansi Praktik Bad
Komite Nominasi dan Remunerasi                                                          Dengan Metrik ESG
                                           Governance                             367                                         455
Nomination and Remuneration          294                                                Alignment of the Sustainability
                                           Transparency on Bad Governance
Committee                                                                               Report with ESG Metrics




                                                                                                                                                 9
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    01


   02
                             Tentang Laporan Terintegrasi
                             About this Integrated Report
  03


   04
                             Laporan ini memuat Laporan Tahunan dan Laporan           This Report describes the Annual Report and
                             Keberlanjutan (selanjutnya dapat disebut juga sebagai    Sustainability Report (hereafter can be referred as the
                             “Laporan Terintegrasi”) PT Garuda Maintenance Facility   “Integrated Report”) of PT Garuda Maintenance Facility
   05                        Aero Asia Tbk (selanjutnya dapat disebut juga sebagai    Aero Asia Tbk (hereafter can be referred as the the
                             “Perseroan” atau “GMF”) untuk periode pelaporan 2025.    “Company” or “GMF”) for the 2025 reporting period.

  06                         Perseroan menggabungkan Laporan Tahunan dan              Consistent with previous years, the Company
                             Laporan Keberlanjutan dalam 1 (satu) buku yang sama      consolidates the Annual Report and Sustainability
                             seperti pada tahun-tahun sebelumnya. Pengungkapan        Report into a single book. The disclosure of the Annual
                             Laporan Tahunan disampaikan terlebih dahulu, namun       Report precedes, with certain sections incorporating
                             dengan beberapa bagian yang memuat pembahasan            discussions from the Sustainability Report. Following
                             mengenai Laporan Keberlanjutan, sebelum kemudian         this, a separate section provides more detailed
                             pengungkapan informasi yang lebih rinci mengenai         information regarding the Sustainability Report.
                             Laporan Keberlanjutan disampaikan pada bagian
                             terpisah.

                             Laporan Terintegrasi ini dibuat berdasarkan sejumlah     This Integrated Report was prepared in accordance with
                             referensi sebagai berikut:                               several references as follows:
                             1. Surat Edaran Otoritas Jasa Keuangan (SEOJK) No.       1. Financial Services Authority (SEOJK) Circular Letter No.
                                 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan         16/SEOJK.04/2021 regarding the Form and Content of
                                 Tahunan Emiten atau Perusahaan Publik;                  Annual Reports of Issuers or Public Companies;
Pendahuluan - Introduction




                             2. Peraturan OJK Nomor 51/POJK.03/2017 tentang           2. OJK Regulation No. 51/POJK.03/2017 concerning the
                                 Penerapan Keuangan Berkelanjutan bagi Lembaga           Implementation of Sustainable Finance for Financial
                                 Jasa Keuangan, Emiten, dan Perusahaan Publik;           Services Institutions, Issuers, and Public Companies;
                             3. Panduan Pelaporan ESG—IDX Form E020;                  3. ESG Reporting Guidelines—IDX Form E020;
                             4. Global Reporting Index (GRI) 2021.                    4. Global Reporting Initiative (GRI) 2021.

                             Pernyataan-pernyataan prospektif yang terdapat di        The forward-looking statements contained in this
                             dalam Laporan Terintegrasi dibuat berdasarkan berbagai   Integrated Report are made based on various
                             asumsi mengenai kondisi terkini, kondisi mendatang,      assumptions concerning current conditions, future
                             serta lingkungan tempat Perseroan menjalankan            conditions, and the environment in which the Company
                             kegiatan usaha. Pernyataan-pernyataan tersebut           conducts its business activities. Such statements involve
                             memiliki prospek risiko, ketidakpastian, serta dapat     risks and uncertainties and may cause actual outcomes
                             mengakibatkan perkembangan aktual yang secara            to differ materially from those reported.
                             material berbeda dari yang dilaporkan.

                             Penyebutan satuan mata uang “Rupiah” atau “Rp”           The use of the currency units “Rupiah” or “Rp” refers to
                             merujuk pada mata uang resmi Republik Indonesia,         the official currency of the Republic of Indonesia, while
                             sedangkan “USD” atau “Dolar AS” merujuk pada             “USD” or “US Dollar” refers to the official currency of
                             mata uang resmi Amerika Serikat. Laporan Keuangan        the United States of America. The Company’s Financial
                             Perseroan dinyatakan dalam Dolar AS (USD).               Statements are presented in US Dollars (USD).




     10
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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                            Tentang Laporan Keberlanjutan
                                                                    About the Sustainability Report




Laporan Keberlanjutan 2025 mengungkapkan kinerja           The 2025 Sustainability Report discloses GMF’s
keberlanjutan GMF dalam perspektif lingkungan,             sustainability performance from environmental, social,
sosial, tata kelola (LST) atau yang dikenal sebagai        and governance (ESG) perspectives for the period from
environment, social, governance (ESG) untuk periode        January 1, 2025 to December 31, 2025, which is aligned
1 Januari 2025 sampai dengan 31 Desember 2025 yang         with the reporting period of the audited consolidated
juga disesuaikan dengan periode pelaporan laporan          financial statements. However, the sustainability




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
keuangan konsolidasian teraudit. Walaupun demikian,        performance presented in this Sustainability Report
kinerja keberlanjutan yang ditampilkan pada Laporan        does not include subsidiaries. The Company publishes
Keberlanjutan ini tidak mencakup entitas anak. Perseroan   this Sustainability Report on an annual basis in a single
menerbitkan Laporan Keberlanjutan ini secara tahunan       volume together with the Annual Report, referred to as
dalam satu buku dengan Laporan Tahunan dan disebut         the Integrated Report. [GRI 2-2, 2-3]
sebagai Laporan Terintegrasi. [GRI 2-2, 2-3]

Tidak terdapat penyajian kembali atas informasi pada       There has been no restatement of information from
Laporan sebelumnya ataupun pada laporan keuangan           previous reports or from the audited consolidated
konsolidasian teraudit yang telah disampaikan. Semua       financial statements that have been submitted. All data
data dan informasi dari pihak internal Perseroan yang      and information sourced internally from the Company
disajikan dapat dipertanggungjawabkan kredibilitasnya.     and presented here are credible and accountable.
Laporan Keberlanjutan ini tidak diverifikasi oleh pihak    This Sustainability Report has not been verified by an
ketiga independen. Direksi dan Dewan Komisaris,            independent third party. The Board of Directors and the
bersama dengan Sekretaris Perusahaan, sebagai              Board of Commissioners, together with the Corporate
penanggung jawab harian pembuatan Laporan                  Secretary as the daily person in charge of preparing
Keberlanjutan ini, ikut terlibat dalam proses pembuatan    this Sustainability Report, were involved in the report
laporan. [GRI 2-4, 2-5] [OJK G.1]                          preparation process. [GRI 2-4, 2-5] [OJK G.1]

Pe r se roan sudah m e m p ublik asikan L aporan           The Company has published the 2024 Sustainability
Keberlanjutan tahun 2024 dan hingga akhir periode          Report and as of the end of the 2025 Sustainability
pelaporan dari Laporan Keberlanjutan 2025 per 31           Report reporting period on December 31, 2025, no
Desember 2025 tidak terdapat tanggapan dari para           feedback from stakeholders has been received regarding
pemangku kepentingan terhadap isi dari Laporan             the contents of the 2024 Sustainability Report. [OJK G.3]
Keberlanjutan 2024. [OJK G.3]




                                                                                                                       11
Page 12
    01


   02
                             Penentuan Topik Material [GRI 3-1, 3-2]
                             Determination of Material Topics [GRI 3-1, 3-2]
  03


   04
                             GMF melakukan penilaian (assessment) internal untuk             GMF conducts internal assessments to determine
                             menentukan topik-topik material. Analisis yang kami             material topics. Our analysis includes, among others:
                             lakukan mencakup, antara lain:
   05


  06
                                    •    Evaluasi kerangka kerja dan standar                 •    Evaluation of sustainability frameworks and
                                         keberlanjutan;                                           standards;
                                    •    Inventarisasi data terkait keberlanjutan,           •    An inventory of sustainability-related
                                         termasuk konsumsi energi dan sumber daya                 data, including energy and other resource
                                         lainnya, kinerja kesehatan dan keselamatan               consumption, occupational health and safety
                                         kerja, identifikasi risiko, dan program sosial;          performance, risk identification, and social
                                                                                                  programs;
                                    •    Pembelajaran dari tanggapan yang diberikan          •    Learning from feedback provided by external
                                         oleh pihak eksternal, termasuk pelanggan,                parties, including customers, regulators, and
                                         regulator, dan lembaga pemerintah lainnya,               other government agencies, in the course of
                                         dalam menjalankan operasi sehari-hari;                   our daily operations;
                                    •    Koordinasi antar tim internal yang bertanggung      •    Coordination among internal teams responsible
                                         jawab atas pelaporan keberlanjutan;                      for sustainability reporting;
                                    •    Menerima tanggapan dari Dewan Komisaris             •    Gathering feedback from the Board of
                                         dan Direksi selama proses pelaporan dan                  Commissioners and the Board of Directors
Pendahuluan - Introduction




                                         mendapatkan persetujuan mereka untuk                     during the reporting process and obtaining
                                         pengungkapan laporan kepada publik.                      their approval for the public disclosure of the
                                                                                                  report.




                             Kami mengevaluasi daftar topik berdasarkan kerangka             We evaluated a list of topics based on the GRI framework
                             kerja GRI dan menelaah berbagai isu ini secara                  and examined these issues in depth, including areas with
                             mendalam, termasuk area dengan dampak negatif atau              actual and potential negative or positive impacts, as well
                             positif aktual dan potensial, serta tren keberlanjutan          as current sustainability trends. The primary results of
                             yang sedang berlangsung. Hasil utama dari proses                this assessment are as follows:
                             penilaian ini adalah sebagai berikut:

                             TOPIK MATERIAL LAPORAN                                          MATERIAL TOPICS OF THE 2025
                             KEBERLANJUTAN 2025 [GRI 3-2]                                    SUSTAINABILITY REPORT [GRI 3-2]

                                                     Topik                           Indeks GRI                             SDG Terkait
                              No.
                                                     Topics                           GRI Index                            Related SDGs
                             Topik Ekonomi
                             Economic Topics

                                                                          GRI 201:
                                        Kinerja Keuangan/Ekonomi
                               1.                                         Kinerja Ekonomi
                                        Financial/Economic Performance
                                                                          Economic Performance

                                                                          GRI 204:
                                        Dukungan untuk Pemasok Lokal
                               2.                                         Praktik Pengadaan
                                        Support for Local Suppliers
                                                                          Procurement Practices




     12
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                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                         Topik                            Indeks GRI                      SDG Terkait
No.
                         Topics                            GRI Index                     Related SDGs
Topik Lingkungan
Environmental Topics

       Memerangi Perubahan Iklim,
       Menurunkan Dampak terhadap              GRI 302:




                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
 3.    Lingkungan                              Energi
       Combating Climate Change, Lowering      Energy
       Environmental Footprint

                                               GRI 303:
       Pengaruh terhadap Sumber Daya Air
 4.                                            Air dan Efluen
       Impact on Water Resources
                                               Water and Effluents

                                               GRI 305:
       Dampak terhadap Sistem Alam
 5.                                            Emisi
       Impact on Nature System
                                               Emission

                                               GRI 306:
       Pengelolaan Limbah
 6.                                            Limbah
       Waste Management
                                               Waste

Topik Sosial
Social Topics

                                               GRI 401:
       Perekrutan Karyawan
  7.                                           Kepegawaian
       Employee Recruitment
                                               Employment

       Hak Asasi Manusia perihal Tempat
                                               GRI 403:
       Kerja yang Sehat Aman
 8.                                            Kesehatan dan Keselamatan Kerja
       Human Rights in Healthy and Safe
                                               Occupational Health and Safety
       Work Conditions

                                               GRI 404:
       Peningkatan Kompetensi Karyawan
 9.                                            Pelatihan danPendidikan
       Employee Competency Development
                                               Training and Education

                                               GRI 405:
       Kesetaraan antar Karyawan               Keanekaragaman dan Kesempatan
 10.
       Equality Among Employees                Setara
                                               Diversity and Equal Opportunity

                                               GRI 406:
       Memperlakukan Karyawan Setara
 11.                                           Nondiskriminasi
       Treating Employees Equally
                                               Non-discrimination




        KONTAK PELAPORAN | REPORTING CONTACT [GRI 2-3]

        Kantor Pusat | Head Office
         GMF AeroAsia
         Lantai 2 Lobby Selatan Hangar 4 PT Garuda Maitenance Facility Aero Asia Tbk
         Area Perkantoran Bandar Udara Soekarno Hatta International, Kelurahan Pajang,
         Kecamatan Benda, Kota Tangerang, 15125
         PO. Box 1303, BUSH 19130

         Telepon                  +62 21 550 8717
         Phone
         (call center)            +62 21 550 8609

         Surel                    corporatecommunications@gmf-aeroasia.co.id
         Email                    Marketing@gmf-aeroasia.co.id

                                                                                                        13
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    01


   02
                             Sekilas 2025
                             Highlights of 2025
  03
                                      KINERJA PANGSA PASAR
                                      MARKET SHARE PERFORMANCE
   04

                                       Kinerja Group Afiliasi (GA)
   05                                  Group Affiliation (GA) Performance


  06
                                       USD340     juta | million

                                       Kinerja Non-Group Afiliasi (NGA)
                                       Non-Group Afiliation (NGA) Performance

                                       USD126     juta | million



                                      KINERJA PENDAPATAN OPERASIONAL
                                      OPERATING REVENUE PERFORMANCE

                                       Reparasi dan Overhaul
                                       Reparations & Overhaul
Pendahuluan - Introduction




                                       USD390
                                       juta | million
                                                                   meningkat 24,08%
                                                                   Increased 24.08%


                                       Perawatan
                                       Maintenance

                                       USD78
                                       juta | million
                                                                   menurun 8,11%
                                                                   decreased 8.11%

                                       Operasi lain-lain
                                       Other Operations

                                       USD24
                                       juta | million
                                                                   meningkat 8,31%
                                                                   Increased 8.31%


                                      KINERJA KEUANGAN
                                      FINANCIAL PERFORMANCE

                                       Pendapatan Usaha
                                       Revenue

                                       USD492
                                       juta | million
                                                                   meningkat 16,77%
                                                                   Increased 16.77%

                                       Laba Usaha
                                       Operating Income

                                       USD61
                                       juta | million
                                                                   meningkat 44,20%
                                                                   Increased 44.20%


                                       Laba Tahun Berjalan
                                       Current Year Income

                                       USD34
                                       juta | million
                                                                   meningkat 26,27%
                                                                   Increased 26.27%

     14
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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth




                                                                                                                                      15
Page 16
     Ikhtisar Kinerja - Performance Highlights




16
                                                                          01




                                                           04
                                                                     02




                                                      05


                                                 06
                                                                03
Page 17
PT Garuda Maintenance Facility Aero Asia Tbk   Operational Excellence For Reliable Aviation Services




                                                                                                       17
                                                 Performance
                                                   Highlights
Page 18
      01


    02
                                            Ikhtisar Data Keuangan Penting
                                            Key Financial Data Highlight
   03


     04
                                                                               Laba (Rugi) dan Penghasilan Komprehensif Lain
                                                                                Profit (Loss) and Other Comprehensive Income
    05
                                                                                                                                                       Dalam Dolar Amerika Serikat
                                                                                                                                                           In United States Dollars


    06                                           Keterangan
                                                                                                                                                      YoY           CAGR
                                                                                                                                                     2024-          2021-
                                                 Description           2025            2024            2023            2022            2021
                                                                                                                                                    2025 (%)       2025 (%)
                                            Pendapatan Usaha
                                            Operating Revenue

                                            Repair and Overhaul      390,033,515     314,331,256     288,311,230     174,804,710     145,699,465        24.08               27.91

                                            Perawatan
                                                                      77,923,819      84,801,965      65,275,499      44,128,043       47,814,211       -8.111             12.99
                                            Line Maintenance

                                            Operasi Lain-Lain
                                                                      23,925,460     22,089,965       19,620,255      19,771,140      17,079,639          8.31               8.79
                                            Other Operations

                                            Jumlah Pendapatan
                                            Usaha
                                                                     491,882,794    421,223,186     373,206,984     238,703,893     210,593,315          16.77             23.62
                                            Total Operating
Ikhtisar Kinerja - Performance Highlights




                                            Revenues

                                            Beban Usaha
                                                                    )431,312,252(   (379,219,103)   (345,505,584)   (213,836,674)   (305,088,245)        13.74              9.04
                                            Operating Expenses

                                            Laba Usaha
                                                                      60,570,542     42,004,083        27,701,400     24,867,219    (94,494,930)        44.20                N/A
                                            Operating Income

                                            Pendapatan/Beban
                                            Lainnya
                                                                      19,838,740     (17,259,968)     (7,989,376)   (19,363,914)     (17,148,369)       14.94                3.71
                                            Other Income/
                                            Expenses

                                            Laba Sebelum Pajak
                                            Penghasilan
                                                                      40,731,802      24,744,115      19,730,024      5,503,305     (111,643,299)        64.61               N/A
                                            Profit Before Income
                                            Tax

                                            Beban Pajak
                                                                     )6,764,057(       2,155,930         438,665      (1,874,974)    (15,708,504)     -413.74             -18.99
                                            Tax Expenses

                                            (Rugi)/Laba Bersih
                                            Tahun Berjalan
                                                                      33,967,745     26,900,045       20,168,689       3,628,331    (127,351,803)       26.27                N/A
                                            (Loss)/Profit for the
                                            Year

                                            Pendapatan
                                            Komprehensif Lain
                                                                         394,972        452,802         (235,166)      3,718,622       3,022,876        -12.77            -39.88
                                            Other Comprehensive
                                            Income

                                            Jumlah (Rugi)/
                                            Penghasilan
                                            Komprehensif Tahun
                                            Berjalan                  34,362,717      27,352,847      19,933,523       7,346,953    (124,328,927)       25.63                N/A
                                            Total Comprehensive
                                            (Loss)/Income for the
                                            Year




       18
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                                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                       Laba (Rugi) dan Penghasilan Komprehensif Lain
                                        Profit (Loss) and Other Comprehensive Income

                                                                                                                      Dalam Dolar Amerika Serikat
                                                                                                                          In United States Dollars


                                                                                                                     YoY           CAGR
     Keterangan
                                                                                                                    2024-          2021-
     Description              2025              2024             2023               2022             2021
                                                                                                                   2025 (%)       2025 (%)
Laba Tahun Berjalan yang Dapat Diatribusikan Kepada:
Profit for the Year Attributable to:

Pemilik Entitas Induk
                             33,949,155         26,891,116      20,276,463          3,571,764     (127,396,390)        26.25                N/A
Owner of Parent Entity

Kepentingan Non-
Pengendali




                                                                                                                                                     Operational Excellence For Reliable Aviation Services
                                 18,590             8,929          (107,774)           56,567           44,587        108.20             -19.64
Non-Controlling
Interests

Jumlah (Rugi)/Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan Kepada:
Total Comprehensive (Loss)/Income for the Year Attributable to:

Pemilik Entitas Induk
                            34,345,402         27,343,918        20,041,297         7,290,386     (124,373,514)         25.61               N/A
Owner of Parent Entity

Kepentingan Non-
Pengendali
                                  17,315            8,929          (107,774)           56,567           44,587         93.92             -21.06
Non-Controlling
Interests

(Rugi)/Laba Bersih per
Saham Dasar/Dilusian
                               0.00090             0.0010            0.0007            0.0001          (0.0045)        -10.00            -33.13
Basic/Diluted (Loss)/
Earnings per Share


                                             Laporan Posisi Keuangan Konsolidasian
                                           Consolidated Statements of Financial Position
                                                                                                                      Dalam Dolar Amerika Serikat
                                                                                                                          In United States Dollars


                                                                                                                    YoY            CAGR
    Keterangan
                             2025              2024             2023              2022             2021            2024-           2021-
    Description
                                                                                                                  2025 (%)        2025 (%)
Aset Lancar
                           303,892,171       206,103,485     246,615,548                        209,985,094            47.45                9.68
Current Assets                                                                 200,965,297

Aset Tidak Lancar
                          509,087,950        218,526,718     203,405,555       189,693,413       187,430,879         132.96               28.38
Non-Current Assets

Total Aset
                           812,980,121      424,630,203      450,021,103       390,658,710       397,415,973           91.46              19.59
Total Assets

Liabilitas Jangka
Pendek                    305,224,989        237,508,591     279,717,345       248,830,982       321,064,848           28.51               -1.26
Current Liabilities

Liabilitas Jangka
Panjang                    393,188,072      445,022,915      481,465,660       472,849,048       414,710,336          -11.65               -1.32
Non-Current Liabilities

Total Liabilitas
                          698,413,060        682,531,506     761,183,005       721,680,030       735,775,184           2.33                -1.29
Total Liabilities

Total Ekuitas
                           114,567,060      (257,901,303)    (311,161,902)     (331,021,320)    (338,359,211)        -144.42                 N/A
Total Equity

Total Liabilitas dan
Ekuitas
                           812,980,121      424,630,203      450,021,103       390,658,710       397,415,973           91.46              19.59
Total Liabilities and
Equity

Modal Kerja Bersih
                          )1,332,817,17(     (31,405,106)    (33,101,797)      (47,865,685)     (111,079,754)         -95.76             -66.90
Net Working Capital




                                                                                                                                                     19
Page 20
      01

                                                                                                      Rasio Keuangan
    02                                                                                                 Financial Ratio
                                                                                                                                                                         Dalam Persentase
                                                                                                                                                                             In Percentage


   03                                                                                                                                                                           CAGR
                                                                                                                                                               YoY
                                                              Keterangan                                                                                                        2021-
                                                                                            2025        2024        2023        2022             2021       2024-2025
                                                              Description                                                                                                       2025
                                                                                                                                                               (%)
                                                                                                                                                                                 (%)
     04
                                            Rasio Likuiditas (x)
                                            Liquidity Ratio (x)

    05                                      Cash Ratio                                         0,13        0,05        0,08           0,02           0,04          160,00           31,94

                                            Acid Test Ratio                                    0,38         0,31       0,65           0,58           0,47           22,58           -5,02

                                            Current Ratio                                      0,99        0,87         0,91           0,81          0,65            13,79          10,92
    06
                                            Rasio Profitabilitas (%)
                                            Profitability Ratio (%)

                                            Operating Profit Margin/OPM                       12.31        9.97         7.29          10.42      (44.87)             23.51           5.42

                                            Net Profit Margin/NPM                              6.91        6.39          5.3           1.52      (60.47)              8.07            1.96

                                            Return on Investment/ROI                           9.87       14.98        14.16          13.02       (16.50)          -34.09            9.90

                                            Rasio Solvabilitas (%)
                                            Solvency Ratio (%)

                                            Debt to Assets Ratio/DAR                          85.91      160.74       169.14     184.73           185.14           -46.55             N/A

                                            Debt to Equity Ratio/DER                         609.61     (264.65)    (244.63)    (218.02)         (217.45)        -330.35              N/A

                                            Rasio Aktivitas
                                            Activity Ratio
Ikhtisar Kinerja - Performance Highlights




                                            Average Collection Period/ACP (hari | days)       46.00       45.66       45.06       66.66           128.97              0.74          0.199




                                            Ikhtisar Bisnis dan Operasional
                                            Business and Operational Highlight



                                                                                                                                                                Dalam Dolar Amerika Serikat
                                                                                                                                                                    In United States Dollars


                                                                                                                                                              YoY           CAGR
                                              Keterangan
                                                                        2025          2024             2023             2022                  2021           2024-          2021-
                                              Description
                                                                                                                                                            2025 (%)       2025 (%)
                                            Line Maintenance           77,923,819    84,801,965       65,275,499       44,128,043             47,814,211         -8.11              16.30

                                            Repair and
                                                                     390,033,515     314,331,256      288,311,230     174,804,710        145,699,465            24.08               26.37
                                            Overhaul

                                            Other Operations           23,925,460    22,089,965       19,620,255         19,771,140           17,079,639          8.31              15.09

                                            Jumlah
                                            Pendapatan
                                            Usaha                    491,882,794    421,223,186    373,206,984      238,703,893         210,593,315             16.77              23.62
                                            Total Operating
                                            Revenues




      20
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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               Ikhtisar Saham
                                                                                         Share Highlight




                                     Informasi Pergerakan Saham GMF
                                  Information on GMF’s Shares Movement
                              Harga Saham                                         Jumlah
                                                               Volume
                               Share Price                                        Saham            Kapitalisasi
                                                             Perdagangan
                                  (Rp)                                           Beredar            Pasar (Rp
                                                               (lembar
                                                                                 (lembar             miliar)




                                                                                                                      Operational Excellence For Reliable Aviation Services
                                                               saham)
                                                                                 saham)              Market
     2025    Tertinggi          Terendah        Penutupan       Trading
                                                                                Number of         Capitalization
              Highest            Lowest          Closing        Volume
                                                                                Outstanding         (Rp billion)
                                                               (Shares)
                                                                                  Shares
Triwulan 1
                         50               38            46       60,609,300     37,565,978,976   1,728,035,032,896
Quarter 1

Triwulan 2
                         70               42            65      149,849,900     37,565,978,976   2,441,788,633,440
Quarter 2

Triwulan 3
                     101                  54            82      324,133,500     37,565,978,976   3,080,410,276,032
Quarter 3

Triwulan 4
                     160                   77           82     1,534,829,800   120,022,868,424   9,841,875,210,768
Quarter 4



                              Harga Saham                                        Jumlah
                                                               Volume
                               Share Price                                       Saham             Kapitalisasi
                                                             Perdagangan
                                  (Rp)                                          Beredar             Pasar (Rp
                                                               (lembar
                                                                                (lembar              miliar)
                                                               saham)
                                                                                saham)               Market
     2024    Tertinggi         Terendah         Penutupan       Trading
                                                                               Number of          Capitalization
              Highest           Lowest           Closing        Volume
                                                                               Outstanding          (Rp billion)
                                                               (Shares)
                                                                                 Shares
Triwulan 1                                                                                        1,665,777,178,500
                         80             59              59     104,689,700     28,233,511,500
Quarter 1

Triwulan 2
                         66             45              53       66,318,200    28,233,511,500    1,496,376,109,500
Quarter 2

Triwulan 3
                         71             50              65      90,973,700     28,233,511,500     1,835,178,247,500
Quarter 3

Triwulan 4
                         71             46              49      76,365,282     28,233,511,500    1,383,442,063,500
Quarter 4




                                                                                                                      21
Page 22
      01

                                                                              Harga Penutupan dan Volume Perdagangan Saham GMF 2024-2025
    02                                                                            Closing Price and Trading Volume of GMF Shares 2024-2025
                                                                                  2024                                                               2025

   03
                                                              59             53           65              49                      46            65            82              82



     04                                                     104.689.700
                                                                                                                                                                           1.534.829.800

                                                                                          90.973.700

    05
                                                                                                        76.365.282
                                                                                                                                                             324.133.500
                                                                             66.318.200

    06
                                                                                                                                               149.849.900

                                                                                                                                60.609.300




                                                           Triwulan 1     Triwulan 2   Triwulan 3      Triwulan 4              Triwulan 1    Triwulan 2   Triwulan 3       Triwulan 4
                                                            Quarter 1      Quarter 2    Quarter 3       Quarter 4               Quarter 1     Quarter 2    Quarter 3        Quarter 4


                                                                   Penutupan               Volume Perdagangan                          Penutupan               Volume Perdagangan
                                                                   Closing                 Trading volume                              Closing                 Trading volume




                                            AKSI KORPORASI                                                           CORPORATE ACTION

                                            Sepanjang tahun 2025, terdapat aksi korporasi yang                       In 2025, there was a corporate action that resulted
                                            menyebabkan perubahan material terhadap saham                            in material changes to the Company’s shares on the
Ikhtisar Kinerja - Performance Highlights




                                            Perseroan yang tercatat di Bursa Saham Indonesia (BEI).                  Indonesia Stock Exchange (IDX).

                                            Perseroan melaksanakan aksi korporasi berupa                             The Company executed a capital increase through a non-
                                            penambahan modal dengan skema penyertaan modal                           cash contribution scheme in the form of land covering
                                            non-tunai yang berupa lahan seluas 973.120 m² dari                       an area of 973,120 m² from PT Angkasa Pura Indonesia,
                                            PT Angkasa Pura Indonesia yang berdampak pada                            which led to changes in the Company’s shareholding
                                            perubahan struktur saham dan modal Perseroan. Hal                        structure and capital. This action was carried out in
                                            tersebut dilaksanakan sesuai Rapat Umum Pemegang                         accordance with the Extraordinary General Meeting of
                                            Saham Luar Biasa (RUPSLB) pada 24 Oktober 2025                           Shareholders (EGMS) held on October 24, 2025, as well
                                            serta Keterbukaan Informasi yang telah dipublikasikan                    as the Disclosure of Information published on September
                                            pada tanggal 17 September 2025. Pemegang saham                           17, 2025. The shareholders approved the implementation
                                            menyetujui pelaksanaan Penambahan Modal dengan Hak                       of a Capital Increase with Pre-emptive Rights (PMHMETD),
                                            Memesan Efek Terlebih Dahulu (“PMHMETD”) atau Rights                     or Rights Issue, which was completed on January 27,
                                            Issue, yang prosesnya selesai pada 27 Januari 2026. Aksi                 2026. This corporate action was done as part of the
                                            korporasi ini dilakukan sebagai bagian dari proses inbreng               asset inbreng process of PT Angkasa Pura Indonesia
                                            aset PT Angkasa Pura Indonesia ke dalam GMF, sehingga                    into Garuda Maintenance Facility Aero Asia Tbk (GMF),
                                            memperkuat struktur permodalan sekaligus mendukung                       thereby strengthening the Company’s capital structure
                                            strategi pengembangan Perseroan.                                         while supporting its development strategy.

                                            DIVIDEN KAS                                                              CASH DIVIDENDS

                                            Perseroan tidak membagikan dividen pada tahun                            The Company did not distribute any dividends in 2025.
                                            2025. Keputusan ini telah ditetapkan pada saat                           This decision was made during the Annual GMS for the
                                            penyelenggaraan RUPS Tahunan untuk Tahun Buku                            2024 Financial Year which was conducted in 2025.
                                            2024 yang diselenggarakan pada tahun 2025.

                                            PENGHENTIAN SAHAM                                                        SHARE SUSPENSION

                                            Sepanjang tahun 2025, saham GMF tidak pernah                             Throughout 2025, GMF shares did not receive any
                                            menerima sanksi ( sanction ) ataupun mengalami                           sanctions affecting share trading activities in the form
                                            p e n g h e n t i a n s e m e n t a r a ( s u s p e n s i o n ) ya n g   of suspension on the IDX. Additionally, the Company did
                                            mempengaruhi aktivitas perdagangan saham Perseroan                       not conduct any delisting of shares on the IDX.
                                            di BEI. Perseroan juga tidak melakukan penghapusan
                                            pencatatan saham (delisting) di BEI.

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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               Ikhtisar Obligasi
                                                                                              Bond Highlight




Hingga akhir tahun 2025, GMF tidak menerbitkan               Until the end of 2025, GMF had never issued bonds,
obligasi, sukuk, atau obligasi konversi di bursa efek mana   sharia bonds (sukuk) or convertible bonds on any stock
pun. GMF juga tidak menerbitkan surat utang dalam            exchange. GMF also did not issue other securities in any
bentuk lainnya yang bersifat direct placement.               form that are direct placement.




                                                                                                                        Operational Excellence For Reliable Aviation Services
                                                      Sumber Pendanaan Lainnya
                                                                                  Other Funding Sources




Hingga akhir tahun 2025, GMF tidak memiliki tambahan         Until the end of 2025, GMF had not obtained any
pendanaan dari sumber lain dan oleh karena itu, tidak        additional funding from other sources and therefore,
ada informasi yang dapat untuk diungkapkan dalam             there is no information available for disclosure in this
Laporan Terintegrasi ini.                                    Integrated Report.




                                                                                                                        23
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      01

                                            Peristiwa Penting 2025
    02
                                            Significant Events in 2025

   03


     04
                                             Februari                                          April
    05                                       February                                          April

    06




                                                                                              Penandatanganan Perjanjian Induk dan Nota Kesepahaman
                                                                                              Bappenas, GMF, dan BIJB.
                                                                                              Signing of the Master Agreement and Memorandum of
                                            MRO Middle East                                   Understanding between Bappenas, GMF, and BIJB.
Ikhtisar Kinerja - Performance Highlights




                                             Mei                                               Juni
                                             May                                               June




                                            Penandatanganan Kerja Sama GMF dan PLN Batam.
                                            Signing of Agreement between GMF and PLN Batam.   Indo Defence Expo & Forum




       24
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                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
 Juli                                                          September
 July                                                          September




                                                                                Operational Excellence For Reliable Aviation Services
                                                             MRO Asia Pacific
Indonesia Aero Summit




 Oktober
 October




                                                             Stellar Award




Penandatanganan Kerja Sama GMF dan Pelita Air Service.
Signing of Cooperation between GMF and Pelita Air Service.




Indonesia MRO Summit.
Indonesia MRO Summit.

                                                                                25
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      01


    02
                                             November
   03                                        November

     04


    05


    06




                                                                                          Serah Terima Pesawat Hercules C130H no reg. A-1330.
                                            West Java Investment Summit 2025
                                                                                          Handover of Hercules Aircraft C130H no reg. A-1330.




                                             Desember
Ikhtisar Kinerja - Performance Highlights




                                             December




                                            Groundbreaking Ceremony GMF & BIJB            Penyerahan Sertifikat ISO 27001 – 2022.
                                                                                          Handover of the ISO 27001 – 2022 ISO Certificate.




                                            Penandatanganan Inbreng Akta Setoran Modal
                                            Signing of the Deed of Capital Contribution

      26
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PT Garuda Maintenance Facility Aero Asia Tbk   Operational Excellence For Reliable Aviation Services




                                                                                                                                                      27
                                                                                             Halaman Sengaja Dikosongkan
                                                                                                                      Page Intentionally Left Blank
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     Laporan Manajemen - Management Report




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                                                                 02




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                                             06
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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth




                                                                                                                                      29
                                                      Management
                                                           Report
Page 30
      01


    02


   03


    04


    05


   06

                                           Oki
                                        Yanuar
                                            Komisaris Utama/
                                                   Independen
                                        President/Independent
                                                Commissioner
Laporan Manajemen - Management Report




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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                           Laporan Dewan Komisaris
                                                                    Board of Commissioners’ Report




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

Dewan Komisaris menyampaikan laporan pengawasan             The Board of Commissioners hereby presents its
terhadap pengelolaan GMF sepanjang 2025 dan kami            supervisory report on the management of GMF




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
memandang bahwa Perseroan telah mencatatkan                 throughout 2025 and notes that the Company has
pencapaian yang positif dan terus bertumbuh.                delivered positive and sustained growth.

Perseroan mampu memanfaatkan peluang dari                   The Company successfully capitalized on opportunities
peningkatan segmen pasar grup afiliasi (GA) Garuda          arising from increased demand in both the affiliated
Indonesia Group dan non-grup afiliasi (NGA). Selain itu,    group (GA) of the Garuda Indonesia Group and non-
Perseroan juga telah menyelesaikan proses penambahan        affiliated group (NGA). In addition, the Company
aset tetap inbreng lahan oleh Angkasa Pura sesuai           completed the inbreng of land assets contributed by
dengan prinsip tata kelola yang baik dan regulasi yang      Angkasa Pura in accordance with good governance
berlaku.                                                    principles and applicable regulations.

Tahun 2025 telah menjadi tahun yang produktif dan           Overall, 2025 has been a productive year, strengthening
memperkuat struktur usaha GMF untuk pertumbuhan             GMF’s business structure for more sustainable growth
yang lebih berkelanjutan ke depannya.                       ahead.

PENILAIAN KINERJA DIREKSI DALAM                             ASSESSMENT OF THE BOARD OF
MENGELOLA PERSEROAN                                         DIRECTORS’ PERFORMANCE IN
                                                            MANAGING THE COMPANY

Dewan Komisaris menilai kinerja Direksi berdasarkan         The Board of Commissioners evaluates the performance
realisasi RKAP dan KPI operasional/keuangan. Dasar          of the Board of Directors based on the realization of
penilaian yang digunakan pada praktiknya mencakup           the RKAP and operational/financial KPIs, including
perbandingan antara realisasi dengan target finansial       comparisons between actual results and financial and
dan operasional yang secara garis besar mencakup            operational targets, particularly revenue and net profit.
pendapatan dan laba bersih. Dewan Komisaris juga            The assessment also incorporates both collegial and
menggunakan basis KPI kolegial dan individual yang          individual KPIs, reviewed by the Public Accounting Firm
ditelaah Kantor Akuntan Publik (KAP) sesuai PER-2/          (KAP) in accordance with PER-2/MBU/03/2023.
MBU/03/2023.

Penilaian terhadap kinerja Direksi juga tidak dapat         Evaluation of the performance of the Board of Directors
dilepaskan dari dinamika eksternal yang membentuk           is inseparable from external dynamics shaping the
ekosistem industri penerbangan sepanjang tahun,             aviation ecosystem, including the MRO industry as a
termasuk industri MRO sebagai pendukung.                    supporting sector.

Badan Pusat Statistik (BPS) mencatat bahwa ekonomi          According to the Statistics Indonesia (BPS), Indonesia’s
Indonesia tumbuh 5,11% (c-to-c) secara kumulatif.           economy grew by 5.11% (c-to-c) in 2025, positively
Pertumbuhan ini ekonomi berdampak positif terhadap          impacting air travel demand, especially during peak
permintaan perjalanan udara, terutama selama musim          seasons such as school holidays, religious festivities, and
puncak seperti liburan sekolah, perayaan keagamaan,         the Hajj period. This encouraged airlines to reactivate
dan periode Haji. Situasi ini mendorong maskapai            their fleets more intensively to meet market demand.
penerbangan untuk mereaktivasi armada pesawat
mereka secara lebih intensif untuk memenuhi permintaan
pasar.




                                                                                                                          31
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      01

                                        Bagi Perseroan, dampaknya positif karena terlihat             For the Company, the impact is positive which translated
    02                                  dari peningkatan pangsa pasar GA dan NGA terhadap             into increased contributions from both GA and NGA
                                        keseluruhan pendapatan Perseroan. Pendapatan                  segments. Revenue from GA reached USD357.37 million,
                                        dari GA mencapai USD357.37 juta dan meningkat                 up 6.84% from USD317.74 million in the previous year,
   03                                   6.84% dibandingkan tahun sebelumnya USD317.74                 while NGA revenue grew 21.30% to USD134.51 million
                                        juta. Pendapatan dari NGA adalah USD134.51 juta               from USD103.48 million in the previous year. Both
                                        dan meningkat 21,30% dibandingkan USD103.48 juta              segments improved, but what’s interesting is on the
                                        pada tahun sebelumnya. Kedua segmen mengalami                 NGA segment. In addition to the increase in revenue
    04
                                        peningkatan, namun yang menarik adalah pada segmen            beyond 20%, NGA’s contribution to total revenue also
                                        NGA. Selain persentase peningkatan pendapatan                 increased, accounting to 26.99% from 24.57% compared
                                        yang melebihi 20%, segmen NGA juga meningkatkan               to the previous year.
    05                                  kontribusinya terhadap pendapatan keseluruhan yaitu
                                        26.99% dibandingkan 24.57% pada tahun sebelumnya.

   06                                   Sebagai catatan, pelanggan Perseroan di pasar NGA adalah      For information, the Company’s customers in the NGA
                                        dari BUMN dan pihak swasta yang mencakup maskapai             market are from SOEs and private sectors consist of
                                        kargo internasional, lessor, perusahaan pembangkit listrik,   international cargo airlines, lessors, power generation
                                        dan beberapa maskapai internasional lainnya. Peningkatan      companies, and several other international airlines. The
                                        di segmen ini menjadi salah satu realisasi dari tema          increase in this segment represents the key theme of the
                                        Laporan Terintegrasi 2025 yang berfokus pada kata kunci       2025 Integrated Report, “Diversifying Excellence.” Through
                                        “Diversifying Excellence”. Melalui diversifikasi, Perseroan   diversification, the Company improves its capabilities to
                                        mengembangkan kapabilitas untuk mencari sumber                seek new revenue sources in the Government & Industrial
                                        pendapatan baru di segmen Government & Industrial             Solutions outside the aviation industry, while still remaining
                                        Solutions di luar industri penerbangan, namun masih dalam     within the Company’s core MRO business.
                                        core business MRO yang dijalankan Perseroan.

                                        Hasilnya positif karena pada tahun 2025 likuiditas            The results are positive, as in 2025 the Company’s
Laporan Manajemen - Management Report




                                        Perseroan juga menguat. Hal ini terlihat dari penerimaan      liquidity also strengthened. This is reflected in cash
                                        kas dari pelanggan mencapai USD502.02 juta dan                receipts from customers reaching USD502.02 million,
                                        meningkat 26.20% dibandingkan USD397.79 juta pada             increasing by 26.20% compared to USD397.79 million in
                                        tahun sebelumnya. Peningkatan kas juga tidak terlepas         the previous year. The increase in cash is also inseparable
                                        dari pendapatan yang meningkat 16.77% menjadi                 from revenue growth of 16.77% to USD491.88 million
                                        USD491.88 juta dibandingkan USD421.22 pada tahun              compared to USD421.22 million in the previous year.
                                        sebelumnya. Laba tahun berjalan juga meningkat, yaitu         Profit for the year also increased by 26.27%, reaching
                                        26.27% dan mencapai USD33.97 juta dibandingkan                USD33.97 million compared to USD26.90 million in the
                                        USD26.90 pada tahun sebelumnya. Dibandingkan target,          previous year. Compared to the target, the achievement
                                        pencapaian pendapatan dan laba masing-masing adalah           of revenue and profit reached 109% and 125% of the
                                        109% dan laba 125% dari target.                               target, respectively.

                                        Dengan demikian, Dewan Komisaris memandang kinerja            Accordingly, the Board of Commissioners views the
                                        Direksi pada tahun 2025 adalah positif, terutama dari         performance of the Board of Directors in 2025 as
                                        sisi kinerja keuangan dan progres atas sejumlah agenda        positive, particularly in terms of financial performance
                                        strategis Perseroan. Salah satu catatan penting adalah        and progress on several of the Company’s strategic
                                        pelaksanaan aksi korporasi berupa inbreng lahan seluas        agendas. One important note is the corporate action
                                        973.120 m² dari PT Angkasa Pura Indonesia yang                in the form of an inbreng (asset participation) of land
                                        berdampak pada perubahan struktur saham dan modal             covering 973,120 m² from PT Angkasa Pura Indonesia,
                                        Perseroan.                                                    which had an impact on changes in the Company’s
                                                                                                      shareholding structure and capital.

                                        PENGAWASAN TERHADAP                                           SUPERVISION OVER THE
                                        IMPLEMENTASI STRATEGI PERSEROAN                               IMPLEMENTATION OF THE COMPANY’S
                                                                                                      STRATEGY

                                        Dewan Komisaris mengawasi implementasi srategi                The Board of Commissioners supervises the
                                        Perseroan melalui kombinasi beberapa mekanisme, yaitu         implementation of the Company’s strategy through
                                        pembahasan berkala dalam rapat gabungan dengan                a combination of several mechanisms, including
                                        Direksi, telaah komite di bawah Dewan Komisaris,              periodic discussions in joint meetings with the Board
                                        pemantauan profil risiko dan tindak lanjut audit, serta       of Directors, reviews by committees under the Board of
                                        penelaahan atas perencanaan korporasi.                        Commissioners, monitoring of the risk profile and audit
                                                                                                      follow-ups, as well as reviews of corporate planning.


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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Rapat gabungan telah dilakukan 11 kali dengan agenda      Joint meetings were held 11 times, with main agendas
utama meliputi pembahasan kinerja secara periodik,        covering periodic performance, progress of projects
perkembangan proyek dan inisiatif strategis, serta        and strategic initiatives, as well as the RKAP and RJPP.
RKAP dan RJPP. Sepanjang tahun, Dewan Komisaris           Throughout the year, the Board of Commissioners
menekankan pentingnya implementasi strategi secara        emphasized the importance of implementing strategies
prudent dan berbasis mitigasi risiko yang memadai. Kami   prudently and based on risk mitigation. We provided
memberikan arahan dan klarifikasi atas laporan kinerja    direction and clarification on periodic reports, committee
periodik, penelaahan komite atas proyek strategis dan     reviews of strategic projects and corporate planning
dokumen perencanaan perusahaan, serta memberikan          documents, and responses to certain actions or
tanggapan atas aksi/keputusan tertentu.                   decisions.

Secara garis besar, kami mendukung arah strategi          In general, we support the Company’s strategic direction,
Perseroan, termasuk pemulihan kinerja, penguatan          including performance recovery, equity strengthening,
ekuitas, peningkatan pendapatan NGA, dan penyusunan       increased NGA revenue, and the preparation of a medium




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
roadmap jangka menengah-panjang. Secara khusus,           to long-term roadmap. Specifically, we support the
kami mendukung pengembangan Aerospace Park                development of the Aerospace Park Kertajati, business
Kertajati, rencana ekspansi bisnis di Oman, hingga        expansion plans in Oman, and the conditional approval
pemberian persetujuan bersyarat atas rencana KSO          of the proposed KSO with BIJB.
dengan BIJB.

Namun demikian, Dewan Komisaris juga mencatat             Nevertheless, the Board of Commissioners views that
sejumlah area yang perlu mendapat perhatian lebih         several areas requiring further attention. Particular
lanjut. Perhatian khusus diberikan pada kualitas laba     focus is given to revenue quality and dependence on
dan ketergantungan pada pendapatan GA. Perseroan          GA revenue. The Company also needs to consider the
juga perlu memperhitungkan efisiensi biaya material dan   efficiency of material and subcontracting costs, as well as
subkontrak, serta ketidakcapaian beberapa indikator       the suboptimal performance of several operational SLA
SLA operasional. Dewan Komisaris juga mengingatkan        indicators. The Board of Commissioners also reminds that
bahwa struktur permodalan saat ini masih terbilang        the current capital structure remains relatively vulnerable
rentan sehingga perlu didukung dengan penguatan           and therefore needs to be supported by stronger internal
pengendalian internal, dan penguatan cash management.     control, and improving cash management.

Pemberian rekomendasi dan nasihat, serta keputusan        The provision of recommendations and advice, as well
Dewan Komisaris tidak hanya dilakukan secara lisan        as decrees of the Board of Commissioners, is carried out
dalam forum rapat, tetapi juga secara tertulis melalui    not only verbally in meeting forums but also in writing
keputusan, tanggapan, dan telaah komite.                  through resolutions, responses, and committee reviews.

PENERAPAN TATA KELOLA                                     IMPLEMENTATION OF CORPORATE
PERUSAHAAN                                                GOVERNANCE

Dewan Komisaris memandang penerapan tata kelola           The Board of Commissioners views the implementation
perusahaan sebagai aspek penting untuk mendukung          of corporate governance as a critical aspect in
keberlangsungan usaha. Pada tahun 2025, rekomendasi       supporting business sustainability. In 2025, the Board
utama Dewan Komisaris terhadap penerapan tata             of Commissioners’ key recommendations on governance
kelola berpusat pada penilaian praktik tata kelola        implementation focused on assessing governance
sesuai regulasi, penguatan pengendalian internal,         practices in line with regulations, strengthening
penyempurnaan kebijakan manajemen risiko, serta           internal controls, refining risk management policies,
percepatan penyelesaian kebijakan kepatuhan.              and accelerating the completion of compliance policies.

Secara khusus mengenai penerapan sistem pengendalian      Specifically, regarding the implementation of the
internal, Dewan Komisaris memandang bahwa                 internal control system, the Board of Commissioners
penerapannya telah berjalan optimal dan perlu terus       considers that it has been carried out optimally and
diperkuat, khususnya dalam aspek pengendalian proses,     should continue to be strengthened, particularly in terms
tindak lanjut temuan audit, serta penguatan kepatuhan     of process controls, follow-up on audit findings, and
dan tata kelola. Pelaksanaan Whistleblowing System        the reinforcement of compliance and governance. The
(WBS) juga menjadi aspek penting untuk memastikan         implementation of the Whistleblowing System (WBS) is
integritas seluruh Insan GMF. Penerapannya sudah baik     also an important aspect in ensuring the integrity of all
di 2025 dan diharapkan dapat terus diperkuat agar         GMF personnel. Its implementation in 2025 has been
semakin optimal dalam mendukung budaya kepatuhan          satisfactory and is expected to be further strengthened
dan tata kelola Perseroan.                                to support the Company’s culture of compliance and
                                                          governance.


                                                                                                                        33
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      01

                                        Dalam pengawasan terhadap tata kelola dan jalannya          In carrying out its oversight of governance and the
    02                                  Perseroan, Dewan Komisaris didukung oleh komite             Company’s operations, the Board of Commissioners
                                        pendukung yang terdiri dari Komite Audit, Komite            is supported by committees, namely the Audit
                                        Pemantau Risiko dan Tata Kelola Terintegrasi (KPRTKT),      Committee, the Risk Monitoring and Integrated
   03                                   dan Komite Nominasi dan Remunerasi (KNR). Secara            Governance Committee (KPRTKT), and the Nomination
                                        umum, kinerja komite-komite adalah baik yang dinilai        and Remuneration Committee (NRC). Overall, the
                                        dari keaktifan dan fungsional komite, termasuk hasil        performance of these committees has been good, as
                                        telaah dan rekomendasi tertulis yang digunakan Dewan        reflected in their activeness and functionality, including
    04
                                        Komisaris dalam menjalankan fungsi pengawasan.              the reviews and written recommendations utilized by the
                                                                                                    Board of Commissioners in performing its supervisory
                                                                                                    role.
    05
                                        Komite Audit memberikan telaah atas jalannya audit          The Audit Committee provides reviews on the overall
                                        secara keseluruhan, sementara KNR melakukan telaah          audit process, while the KNR reviews the evaluation of
   06                                   atas evaluasi kinerja Direksi dan remunerasi. KPRTKT        the Board of Directors’ performance and remuneration.
                                        telah melakukan penilaian dan penguatan terhadap            The KPRTKT has conducted assessments and
                                        sistem manajemen risiko dan pengendalian internal.          strengthening of the risk management system and
                                        Dengan demikian, komite-komite telah memberikan             internal controls. Accordingly, these committees
                                        dukungan substantif bagi Dewan Komisaris dalam              have provided substantive support to the Board of
                                        menjalankan fungsi pengawasan dan pemberian nasihat.        Commissioners in carrying out its supervisory and
                                                                                                    advisory functions.

                                        PROSPEK USAHA                                               BUSINESS PROSPECTS

                                        Situasi tahun 2026 akan dipengaruhi oleh konflik            The outlook for 2026 will be influenced by escalating
                                        geopolitik yang semakin memanas sehingga berdampak          geopolitical conflicts, which may disrupt global supply
                                        pada rantai pasok secara keseluruhan. Situasi ini dapat     chains. This situation could act as a catalyst for
Laporan Manajemen - Management Report




                                        menjadi katalis yang menyebabkan disrupsi pada              disruptions to the otherwise optimistic growth of the
                                        optimisme pertumbuhan pasar MRO global dengan               global MRO market, which is projected to grow at an
                                        pertumbuh rata-rata 2,8% per tahun hingga mencapai          average rate of 2.8% per year, reaching USD157 billion
                                        USD157 miliar pada 2035, menurut data Global Fleet          by 2035, according to the Global Fleet and MRO Market
                                        and MRO Market Forecast Oliver Wyman.                       Forecast by Oliver Wyman.

                                        Dewan Komisaris memandang Direksi telah menyiapkan          The Board of Commissioners views that the Board of
                                        langkah-langkah yang relevan untuk 2026. Perhatian          Directors has prepared relevant measures for 2026.
                                        terhadap kondisi global menjadi faktor penting, namun       Attention to global conditions remains important,
                                        fokus untuk menjalankan rencana bisnis utama akan           however, the focus on executing core business plan
                                        terus dijalankan secara konsisten ke depannya. Hal          will continue going forward. This includes strengthening
                                        tersebut mencakup penguatan struktur permodalan,            the capital structure, diversifying NGA revenue, and
                                        diversifikasi pendapatan NGA, serta pengembangan            developing strategic projects.
                                        proyek strategis.

                                        Kami mendukung rencana-rencana Perseroan, dan               We support the Company’s plans and remind the Board
                                        mengingatkan Direksi untuk memastikan kualitas              of Directors to ensure the quality of growth, stability of
                                        pertumbuhan, stabilitas arus kas, kolektibilitas piutang,   cash flows, collectability of receivables, and successful
                                        keberhasilan penetrasi pasar NGA. Selain itu, mitigasi      penetration of the NGA market. In addition, risk
                                        risiko terhadap kondisi global serta kehati-hatian dalam    mitigation in response to global conditions and prudence
                                        ekspansi strategis diharapkan akan menjadi kunci untuk      in strategic expansion are expected to be key factors
                                        menjaga produktivitas usaha.                                in maintaining business productivity.

                                        KOMPOSISI ANGGOTA DEWAN                                     COMPOSITION OF THE BOARD OF
                                        KOMISARIS                                                   COMMISSIONERS

                                        Pada tahun 2025, terdapat perubahan komposisi Dewan         In 2025, there was a change in the composition of the
                                        Komisaris. Informasinya telah disampaikan di bab Profil     Board of Commissioners. The information has been
                                        Perusahaan. Perubahan kompsisi Direksi menjadi hak          disclosed in the Company Profile chapter. Changes
                                        pemegang saham dan dilakukan untuk memperkuat               in the composition of the Board of Commissioners
                                        fungsi pengawasan di bawah struktur pemegang                are the prerogative of shareholders and are carried
                                        saham yang baru. Dengan demikian, komposisi Dewan           out to strengthen the supervisory function under the
                                        Komisaris saat ini adalah sebagai berikut:                  new shareholder structure. Accordingly, the current
                                                                                                    composition of the Board of Commissioners is as follows:

     34
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                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
•   Komisaris Utama/Independen: Oki Yanuar               •   President Commissioner/Independent Commissioner:
                                                             Oki Yanuar
•   Komisaris Independen: Dean Arslan                    •   Independent Commissioner: Dean Arslan
•   Komisaris: Giring Ganesha Djumaryo                   •   Commissioner: Giring Ganesha Djumaryo
•   Komisaris: Sugiharto Prapto                          •   Commissioner: Sugiharto Prapto

PENUTUP                                                  CLOSING

Akhir kata, Dewan Komisaris mengucapkan terima kasih     In closing, the Board of Commissioners would like to
yang sebesar-besarnya kepada pemegang saham,             express its deepest appreciation to the shareholders, all
seluruh mitra, serta anggota Direksi dan karyawan        partners, as well as members of the Board of Directors
atas kepercayaan dan dukungan yang telah diberikan       and employees for the trust and support that have
sehingga GMF dapat mencapai kinerja yang baik.           enabled GMF to achieve strong performance. With the
Dengan dukungan dari seluruh pihak, kami yakin GMF       support of all stakeholders, we are confident that GMF




                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
akan terus tumbuh dan memberikan nilai tambah secara     will continue to grow and deliver sustainable value in
berkelanjutan di tahun-tahun mendatang.                  the years ahead.




                                            Tangerang, April 2026
                                             Tangerang, April 2026

                                         Atas nama Dewan Komisaris
                                  On behalf of the Board of Commissioners




                                                OKI YANUAR
                                         Komisaris Utama/Independen
                                    President/Independent Commissioner




                                                                                                                     35
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      01




                                              ANDI
    02




                                        FAHRURROZI
   03


    04
                                              Direktur Utama
                                                         CEO
    05


   06
Laporan Manajemen - Management Report




    36
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                      Laporan Direksi [OJK D.1] [GRI 2-14, 2-22]
                                        Board of Directors’ Report [OJK D.1] [GRI 2-14, 2-22]




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

Pada tahun 2025, kinerja keuangan GMF tercatat             In 2025, GMF recorded positive financial performance
positif dengan pencapaian target laba bersih yang          with the achievement of its net profit target. The ability




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
optimal. Pemanfaatan peluang pertumbuhan usaha yang        to capture business growth opportunities, combined with
dipadukan dengan strategi efisiensi telah membawa GMF      efficiency strategies, enabled GMF to navigate 2025
melalui tahun 2025 dengan pencapaian memuaskan.            with satisfactory results.

Berikut kami sampaikan Laporan Direksi terkait             We hereby present the Board of Directors’ Report as
pertanggungjawaban kami dalam mengelola Perseroan          our accountability in managing the Company from
dilihat dari aspek operasional dan keuangan terkait        both operational and financial perspectives in relation
Laporan Tahunan, serta aspek keberlanjutan terkait         to the Annual Report, as well as from the sustainability
Laporan Keberlanjutan. Keseluruhan pernyataan kami         perspective in relation to the Sustainability Report. All
dalam Laporan Direksi telah mencakup kedua laporan         statements in this Board of Directors’ Report covers both
tersebut dalam satu kesatuan di dalam Laporan              reports as an integrated whole within this Integrated
Terintegrasi ini untuk tahun pelaporan 2025.               Report for the 2025 reporting year.

DAMPAK EKSTERNAL TERHADAP                                  EXTERNAL IMPACTS ON THE
KINERJA PERSEROAN                                          COMPANY’S PERFORMANCE

Badan Pusat Statistik (BPS) mencatat bahwa kondisi         Statistics Indonesia (BPS) recorded that Indonesia’s
perekonomian Indonesia bertumbuh 5.39% (y-on-y)            economy grew by 5.39% (y-on-y) in the fourth quarter
pada Triwulan 4-2025 dan 5.11% (c-to-c) sepanjang          of 2025 and 5.11% (c-to-c) throughout 2025.
tahun 2025.

Sejalan dengan pertumbuhan ekonomi Indonesia,              In line with Indonesia’s economic growth, demand for air
permintaan atas perjalanan udara juga meningkat,           travel also increased, particularly during peak seasons
terutama pada saat peak season seperti libur sekolah,      such as school holidays, religious holidays, and the Hajj
hari besar keagamaan, maupun pada saat periode Haji.       period. According to the 2025 Air Passenger Market
Berdasarkan laporan Air Passenger Market Analysis IATA     Analysis report by IATA, global commercial air traffic
tahun 2025, lalu lintas udara komersial global meningkat   increased by 5.7% compared to 2024.
5.7% dibandingkan tahun 2024.

Pertumbuhan industri penerbangan global menunjukan         Global aviation industry growth also showed a positive
tren positif berdasarkan data Global Fleet and MRO         trend based on the 2025 Global Fleet and MRO Market
Market Forecast Oliver Wyman tahun 2025. Pada              Forecast by Oliver Wyman. At the beginning of 2025, the
awal 2025, armada global beroperasi dengan jumlah          global fleet in operation reached 29,000 aircraft and is
mencapai 29,000 pesawat dan diproyeksikan naik             projected to increase by approximately 32% to around
sekitar 32% menjadi ±38,300 pesawat pada 2035 (CAGR        38,300 aircraft by 2035 (CAGR 2.8%). The global MRO
2.8%). Industri MRO global diperkirakan tumbuh 15%         industry is estimated to grow by 15%, from USD104
dari USD104 miliar tahun 2024 menjadi USD120 miliar        billion in 2024 to USD120 billion in 2025. Asia ranks
tahun 2025. Asia masuk dalam tiga area dengan nilai        among the three largest market regions with a market
pasar terbesar mencapai USD16 miliar tahun 2025, atau      value of USD16 billion in 2025, or approximately 14% of
sekitar 14% dari pasar MRO Global.                         the global MRO market.




                                                                                                                        37
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      01

                                        Tren pertumbuhan juga berpengaruh pada tren                 Growth trends also influence the increasing emphasis
    02                                  keberlanjutan yang semakin berkembang. Industri MRO         on sustainability. The MRO industry is expected to
                                        diharapkan berkontribusi melalui pengelolaan limbah         contribute through greener waste management and
                                        yang lebih hijau, serta penggunaan sumber energi yang       more efficient energy use. Attention to environmental
   03                                   lebih efisien. Perhatian terhadap aspek lingkungan juga     aspects must also be accompanied by attention to
                                        harus diiringi oleh perhatian terhadap aspek keselamatan    operational safety and social responsibility toward
                                        operasional dan sosial terhadap ribuan tenaga kerja.        thousands of workers.
    04
                                        GMF menyambut baik tren per tumbuhan dan                    GMF welcomes these growth and sustainability trends,
                                        keberlanjutan ini yang mencerminkan pemulihan dan           which reflect the strengthening recovery and expansion
                                        ekspansi industri aviasi yang semakin solid, serta          of the aviation industry and positively impact the demand
    05                                  berdampak positif terhadap kebutuhan layanan                for aircraft maintenance services. This trend also had
                                        perawatan pesawat. Dampaknya juga terasa positif bagi       a favorable impact on GMF, which recorded improved
                                        GMF yang mencatatkan pertumbuhan kinerja pada tahun         performance in 2025 compared to the previous year.
   06                                   2025 dibandingkan tahun sebelumnya.

                                        PERAN DIREKSI DALAM PENENTUAN                               ROLE OF THE BOARD OF DIRECTORS
                                        DAN PENGENDALIAN PENERAPAN                                  IN STRATEGY FORMULATION AND
                                        STRATEGI USAHA                                              CONTROL

                                        Peran kami sebagai Direksi adalah dengan berperan aktif     As the Board of Directors, our role is to actively determine
                                        menetapkan arah strategis dan prioritas pertumbuhan         the Company’s strategic direction and business growth
                                        bisnis Perusahaan. Kami melakukan hal tersebut dengan       priorities. This is carried out based on strategic policies
                                        berdasarkan kepada kebijakan strategis yang telah           outlined in the Company’s Long-Term Corporate Plan
                                        dituangkan dalam Rencana Jangka Panjang Perusahaan          (RJPP) and the Annual Work Plan and Budget (RKAP).
                                        (RJPP) dan Rencana Kerja dan Anggaran Perusahaan            The RKAP is established based on the Quarterly
                                        (RKAP). RKAP ditetapkan berdasarkan Laporan                 Management Report, which contains achievements
Laporan Manajemen - Management Report




                                        Manajemen Triwulanan yang memuat ketercapaian dan           and progress in implementing long-term strategies. The
                                        progres implementasi strategi jangka panjang. RKAP          RKAP for 2025 has been approved by both the Board of
                                        yang berlaku untuk tahun 2025 telah disahkan oleh           Directors and the Board of Commissioners.
                                        Direksi dan Dewan Komisaris.

                                        Dalam praktik kesehariannya, kami memastikan adanya         In daily practice, we ensure strong alignment and
                                        perpaduan yang kuat dan selaras antar seluruh unit kerja    collaboration among all relevant work units to support the
                                        terkait untuk mendukung pencapaian target korporasi         achievement of corporate targets in an integrated and
                                        secara terintegrasi dan berkelanjutan. Inisiatif tersebut   sustainable manner. These initiatives are implemented by
                                        dilakukan dengan memonitor penerapan strategi secara        periodically monitoring the implementation of strategies
                                        berkala melalui mekanisme tata kelola yang terstruktur.     through structured governance mechanisms.

                                        Secara bulanan, Perusahaan menyelenggarakan Monthly         On a monthly basis, the Company holds a Corporate
                                        Review Korporasi yang dihadiri oleh Direksi dan para        Monthly Review attended by the Board of Directors
                                        Group Head. Forum ini tidak hanya berfungsi sebagai         and Group Heads. This forum not only serves as a
                                        sarana pengawasan kinerja, tetapi juga sebagai wadah        performance monitoring platform but also as a forum
                                        untuk mengidentifikasi root cause atas isu-isu strategis    to identify root causes of strategic and operational
                                        maupun operasional, serta merumuskan solusi dan             issues, as well as to formulate measurable solutions
                                        rencana tindak lanjut yang terukur.                         and follow-up plans.

                                        Perusahaan memiliki taxonomy meeting yang terstruktur,      The Company maintains a structured meeting taxonomy,
                                        sehingga Monthly Review Korporasi diturunkan ke dalam       whereby the Corporate Monthly Review is cascaded into
                                        Rapat Direktorat mingguan. Melalui forum ini, Direksi       weekly Directorate Meetings. Through this forum, the
                                        secara aktif memastikan kesinambungan antara arah           Board of Directors actively ensures alignment between
                                        strategis dan implementasi operasional, termasuk            strategic direction and operational implementation,
                                        pengawalan eksekusi program, tindak lanjut action           including overseeing program execution, follow-up
                                        plan, serta pengendalian risiko di masing-masing area       actions, and risk control in each area of responsibility
                                        tanggung jawab agar tetap selaras dengan target yang        to remain aligned with established targets.
                                        telah ditetapkan.




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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
STRATEGI MERAIH PENCAPAIAN                                STRATEGIES TO ACHIEVE POSITIVE
POSITIF                                                   PERFORMANCE

Dengan mempertimbangkan pertumbuhan industri              Considering the growth of the aviation industry and the
penerbangan dan kondisi terkini Perusahaan, Direksi       Company’s current conditions, the Board of Directors
telah menetapkan strategi peningkatan kinerja             established the following strategies to enhance
operasional dan keuangan sebagai berikut:                 operational and financial performance:
• Transformasi Operasional                                • Operational Transformation
• Optimasi Arus Kas                                       • Cash Flow Optimization
• Perbaikan Ekuitas                                       • Equity Improvement
• Pengembangan Teknologi                                  • Technology Development
• Pertumbuhan Bisnis yang Profitabel                      • Profitable Business Growth

Transformasi operasional dilakukan untuk meningkatkan     Operational transformation aims to enhance operational




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
kinerja operasional melalui penguatan pada aspek          performance through the strengthening of the Quality,
Quality, Cost & Delivery (QCD), penguatan manusia,        Cost & Delivery (QCD) aspects, human resources, and
dan manajemen rantai pasok.                               supply chain management.

GMF melakukan peningkatan operational excellence          GMF enhanced operational excellence through
melalui program perbaikan Turn Around Time (TAT),         programs to improve Turn Around Time (TAT),
peningkatan profitabilitas pekerjaan, penguatan           increase job profitability, strengthen supply chain
manajemen supply chain , serta pengembangan               management, and develop workforce competence and
kompetensi dan produktivitas SDM. Selain itu, dilakukan   productivity. Additionally, improvements were made in
peningkatan pengelolaan fasilitas, tools & equipment,     facility management, tools and equipment, the work
lingkungan kerja, ser ta penerapan continuous             environment, and the implementation of continuous
improvement . GMF juga melaksanakan program               improvement initiatives. GMF also implemented aircraft
reaktivasi pesawat dari Group Affiliation, baik Garuda    reactivation programs for Group Affiliates, including
Indonesia maupun Citilink, dengan memberikan layanan      Garuda Indonesia and Citilink, by providing optimal
yang optimal guna memastikan penyelesaian program         services to ensure the programs were completed
sesuai target yang ditetapkan.                            according to the established targets.

GMF juga melakukan optimalisasi arus kas melalui          The Company also optimized cash flow through
percepatan penagihan piutang ( aging receivables),        accelerated receivables collection, negotiation of credit
negosiasi credit limit & payment term kepada vendor,      limits and payment terms with vendors, and faster billing
serta percepatan proses billing dan invoicing.            and invoicing processes.

Di 2025, Perseroan melaksanakan perbaikan ekuitas         In 2025, the Company improved equity through a Capital
melalui Peningkatan Modal menggunakan Penyertaan          Increase via Non-Cash Capital Injection. This process
Modal Non-Tunai. Proses ini mencakup inbreng              included the inbreng (capital injecton) of land from PT
lahan dari PT Angkasa Pura Indonesia sebagai aset         Angkasa Pura Indonesia as an operational asset for
untuk operasional GMF. Proses ini telah dilakukan         GMF. The process was carried out through a rights issue
menggunakan skema right issue atau Hak Memesan            scheme (HMETD).
Efek Terlebih Dahulu (HMETD).

Penerapan dan adaptasi teknologi juga menjadi             Technology implementation and adaptation also became
salah satu fokus utama di 2025 dalam mendukung            a key focus in 2025 to support operational sustainability.
keberlangsungan operasional. Strategi ini mencakup        This strategy includes strengthening cybersecurity
peningkatan keamanan siber untuk melindungi data dan      to protect operational data and systems, as well as
sistem operasional, serta pengembangan sistem dan         developing systems and digitalizing work processes
digitalisasi proses kerja guna meningkatkan efektivitas   to enhance effectiveness and competitiveness amid
dan daya saing di tengah perkembangan teknologi           technological developments in the aviation industry.
industri aviasi.

Sebagai upaya mencapai per tumbuhan yang                  To achieve profitable and sustainable growth, GMF
menguntungkan dan berkelanjutan, GMF terus                continues to develop its Commercial Aviation business
mengembangkan bisnis Commercial Aviation dengan           by strengthening support for Group Affiliates (GA) as a
memperkuat dukungan terhadap Group Affiliates             captive market while increasing revenue contributions
(GA) sebagai captive market, sekaligus mendorong          from Non-Group Affiliates (NGA). GMF adopts a balanced
peningkatan kontribusi pendapatan dari Non-Group          approach between GA and NGA with proportional
Affiliates (NGA). GMF mengadopsi pendekatan yang          revenue composition targets to diversify income sources,


                                                                                                                       39
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      01

                                        seimbang antara GA dan NGA dengan target komposisi            balance risks, and ensure long-term sustainability. In
    02                                  pendapatan yang proporsional, guna mendiversifikasi           addition, GMF continues to accelerate growth in the
                                        sumber pendapatan, menyeimbangkan risiko, dan                 Government & Industrial Solutions segment through
                                        memastikan keberlanjutan jangka panjang. Selain itu,          optimization of maintenance activities, development
   03                                   GMF juga terus mengakselerasi pertumbuhan pada                of capabilities and capacities, and exploration of new
                                        segmen Government & Industrial Solutions melalui              revenue sources.
                                        optimalisasi aktivitas maintenance, pengembangan
                                        kapabilitas dan kapasitas, serta pencarian sumber
    04
                                        pendapatan baru.

                                        Program-program strategis di atas telah mendukung             These strategic programs supported GMF in realizing
    05                                  GMF mewujudkan tema korporasi 2025, yaitu                     the 2025 corporate theme, “Strengthen Core and
                                        “Strengthen Core and Drive Diversified Growth” untuk          Drive Diversified Growth,” ensuring growth is achieved
                                        memastikan pencapaian pertumbuhan dilakukan melalui           by strengthening the quality and capabilities of core
   06                                   penguatan kualitas dan kapabilitas bisnis inti, sekaligus     businesses while accelerating sustainable diversification
                                        percepatan pengembangan diversifikasi usaha secara            to generate long-term value for stakeholders.
                                        berkelanjutan guna menghasilkan nilai tambah yang
                                        keberlanjutan jangka panjang bagi seluruh pemangku
                                        kepentingan.

                                        STRATEGI PERSEROAN MENGHADAPI                                 COMPANY STRATEGIES TO ADDRESS
                                        TANTANGAN                                                     CHALLENGES

                                        Kendala rantai pasok masih menjadi isu utama di               Supply chain constraints remained a major issue in 2025.
                                        2025. Industri penerbangan menghadapi keterbatasan            The aviation industry faced limited production capacity
                                        kapasitas produksi dan keterlambatan pengiriman               and delivery delays, resulting in demand exceeding the
                                        sehingga jumlah permintaan melebihi pasokan material          available supply of materials and spare parts.
Laporan Manajemen - Management Report




                                        dan suku cadang yang tersedia.

                                        Ketidakpastian dalam jadwal pengadaan dan kedatangan          Uncertainty in spare part procurement and delivery
                                        suku cadang mendatangkan tantangan bagi GMF dalam             schedules created financial management challenges for
                                        melakukan pengelolaan keuangan. Bergerak di sektor            GMF. Operating in the MRO sector requires effective
                                        MRO membutuhkan pengelolaan arus kas secara efektif,          cash flow management, particularly regarding significant
                                        terutama terkait pembayaran uang muka dalam jumlah            advance payments before spare parts can be obtained.
                                        besar sebelum suku cadang dapat diperoleh. Hal ini            This a challenge, worsened by uncertain spare part
                                        semakin menyulitkan karena waktu kedatangan suku              arrival schedules.
                                        cadang sering kali tidak pasti.

                                        Selain itu, kekurangan tenaga kerja masih menjadi             Additionally, labor shortages remain a serious challenge
                                        ancaman serius bagi industri MRO. Seiring dengan              for the MRO industry. As global aviation activity
                                        meningkatnya aktivitas penerbangan global, kebutuhan          increases, the demand for mechanics and technicians
                                        tenaga mekanik dan teknisi terus meningkat, sementara         continues to rise while supply remains limited, increasing
                                        ketersediaannya masih terbatas. Kondisi ini menambah          operational pressure on GMF.
                                        tekanan operasional bagi GMF.

                                        Dalam mengatasi kendala rantai pasok, GMF meningkatkan        To address supply chain challenges, GMF improved
                                        proses perencanaan melalui evaluasi periodik dan              planning processes through periodic evaluations and
                                        standarisasi planning, pemenuhan material dengan skema        planning standardization, material fulfillment through
                                        consignment dan Just in Time, negosiasi payment terms &       consignment and Just-in-Time schemes, negotiation
                                        credit limit, peningkatan inhouse repair, serta penyesuaian   of payment terms and credit limits, increased in-house
                                        harga material.                                               repair capabilities, and adjustments to material pricing.

                                        Terkait tantangan tenaga kerja, GMF tidak hanya               Regarding workforce challenges, GMF focuses not only
                                        berfokus pada pemenuhan kebutuhan SDM sesuai                  on fulfilling manpower planning requirements but also
                                        manpower planning, tetapi juga menjalankan program            on implementing employee development and retention
                                        pengembangan dan retensi karyawan. Selain rekrutmen           programs. In addition to recruitment and partnerships
                                        dan kerja sama dengan lembaga penyedia SDM, GMF               with workforce providers, GMF strengthens capability
                                        memperkuat capability dan leadership development guna         and leadership development to ensure organizational




      40
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
menjaga keberlanjutan organisasi. Upaya ini memastikan     sustainability and effective knowledge transfer to
transfer knowledge berjalan optimal dan mendukung          support future operations and business growth.
kesinambungan operasional serta pertumbuhan bisnis
ke depannya.

Tantangan-tantangan tersebut di atas juga menjadi          Those challenges also served as challenges in terms of
tantangan terkait keberlanjutan karena berhubungan         sustainability since they are related to social aspects of
dengan aspek sosial dalam pengelolaan sumber daya          human capital management in a comprehensive manner.
manusia secara menyeluruh.

PENCAPAIAN TARGET PERSEROAN                                TARGET ACHIEVEMENTS

Secara umum, Perseroan berhasil mencatatkan                Overall, the Company recorded positive financial
kinerja keuangan yang positif dengan mencapai              performance and successfully achieved its targets. The




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
target. Perseroan membukukan pendapatan senilai            Company recorded a net profit of USD491.88 million
USD491.88 juta dari target USD452.69 juta. Selain          compared to the target of USD452.69 million. In addition
adanya peningkatan kinerja operasi, pencapaian ini         to improved operational performance, this achievement
terjadi karena upaya efisiensi yang telah dilakukan di     was supported by efficiency initiatives implemented
2025.                                                      throughout 2025.

Target laba di 2025 berhasil tercapai yaitu USD33.96       The 2025 profit target was successfully achieved at
juta atau 125% dari target USD27.12 juta. Pencapaian ini   USD33.96 million, or 125% of the USD27.12 million target.
terjadi karena pelaksanaan restrukturisasi operasional     The achievement was driven by operational restructuring
dan upaya efisiensi yang telah dilakukan sepanjang         and efficiency efforts carried out throughout the year.
tahun.

Kinerja operasi dan bisnis yang positif merupakan          Positive operational and business performance resulted
kontribusi dari peningkatan rata-rata segmen GA dan        from increased contributions across the GA, NGA, and
NGA, serta Government.                                     Government segments.

Selain itu, seluruh Key Performance Indicators (KPI)       Furthermore, all Key Performance Indicators (KPIs) set
yang telah dicanangkan dalam RKAP 2025 juga                in the 2025 RKAP were achieved, reflecting disciplined
berhasil dicapai, menunjukkan disiplin eksekusi dan        execution and management consistency in realizing
konsistensi manajemen dalam merealisasikan target          the targets. GMF also successfully completed a capital
yang telah ditetapkan. GMF juga berhasil melaksanakan      increase through Non-Cash Capital Injection (land
peningkatan modal melalui Penyertaan Modal Non-Tunai       inbreng) via a rights issue scheme, further strengthening
(inbreng lahan) dengan skema right issue (HMETD),          the Company’s capital structure and financial flexibility.
sehingga semakin memperkuat struktur permodalan
dan fleksibilitas keuangan.

PENERAPAN TATA KELOLA                                      IMPLEMENTATION OF GOOD
PERUSAHAAN YANG BAIK                                       CORPORATE GOVERNANCE
GMF menjalankan usaha dengan berdasarkan prinsip-          GMF conducts its business based on Good Corporate
prinsip tata kelola yang baik (GCG). Setiap langkah        Governance (GCG) principles. Each MRO operational
operasional MRO dilakukan dengan menyeimbangkan            step balances regulatory compliance, strict safety
kepatuhan terhadap regulasi yang berlaku, penerapan        policies, and cost efficiency while maintaining a focus
kebijakan keselamatan yang ketat, serta efisiensi biaya.   on growth strategies.
Kesemuanya dilakukan dengan berfokus pada strategi
pertumbuhan.

Salah satu elemen penting dalam penerapan prinsip-         An important element in implementing GCG principles
prinsip GCG adalah sinergi yang dibangun oleh Direksi,     is the synergy among the Board of Directors, Board
Dewan Komisaris, Pemegang Saham, karyawan, dan             of Commissioners, Shareholders, employees, and
para pemangku kepentingan. Keberadaan organ utama          stakeholders. The synergy among the Company’s key
Perseroan yang bergerak secara sinergis memberikan         governance organs ensures stability in management,
stabilitas pada pengelolaan, pengawasan, serta             supervision, and strategic decision-making.
pengambilan keputusan strategis.




                                                                                                                        41
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                                        Direksi memandang bahwa GMF senantiasa melakukan            The Board of Directors believes that GMF continuously
    02                                  peningkatan secara berkala dalam penerapan prinsip-         improves the implementation of GCG principles
                                        prinsip GCG. Inisiatif ini dilakukan melalui kepatuhan      through compliance with applicable regulations and
                                        terhadap regulasi serta ketentuan hukum terkait bisnis      legal requirements. GMF regularly updates its policies
   03                                   yang dijalankannya. GMF senantiasa melakukan update         in line with new regulations and ensures compliance
                                        terhadap kebijakan regulasi terbaru, dan berupaya           with all provisions. As part of ongoing governance
                                        memenuhi setiap ketentuan. Sebagai kelanjutan dari          improvement, GMF continuously enhances governance
                                        upaya pembaharuan praktik GCG secara berkala, GMF           tools and policies, conducts regulatory socialization for
    04
                                        melakukan penyempurnaan perangkat dan kebijakan             employees and stakeholders, and performs periodic GCG
                                        terkait GCG, melakukan sosialisasi regulasi kepada          implementation assessments to ensure more effective
                                        seluruh karyawan dan pemangku kepentingan, serta            governance practices.
    05                                  melaksanakan penilaian tingkat penerapan GCG secara
                                        berkala untuk mendukung penerapan GCG agar semakin
                                        efektif.
   06
                                        KINERJA KEBERLANJUTAN                                       SUSTAINABILITY PERFORMANCE

                                        Penerapan prinsip keberlanjutan melalui kebijakan           The implementation of sustainability principles through
                                        ESG (Environmental, Social, and Governance) turut           ESG (Environmental, Social, and Governance) policies
                                        mendukung pelaksanaan operasional usaha. Penciptaan         supports the Company’s operational activities. Creating
                                        nilai jangka panjang pada aspek-aspek operasional           long-term value in operational aspects related to
                                        yang bersinggungan dengan keberlanjutan memastikan          sustainability ensures business resilience and a positive
                                        ketahanan bisnis dan pengelolaan reputasi usaha yang        corporate reputation.
                                        positif.

                                        NILAI-NILAI KEBERLANJUTAN                                   SUSTAINABILITY VALUES
Laporan Manajemen - Management Report




                                        GMF memiliki ringkasan strategi dan kerangka kerja          GMF has a sustainability strategy and framework based
                                        keberlanjutan yang didasarkan pada Visi dan Misi            on the Corporate Vision and Mission, Social Responsibility
                                        Korporasi, Visi dan Misi Tanggung Jawab Sosial, Nilai       Vision and Mission, Company Values (AKHLAK), and the
                                        Perusahaan (AKHLAK), serta GMF Spirit “You Do               GMF Spirit “You Do Matter.” Collectively, these elements
                                        Matter”. Secara keseluruhan, rangkaian ini menjadi telah    encompass the key economic, social, and environmental
                                        mencakup seluruh aspek ekonomi, sosial, dan lingkungan      aspects of sustainability, as well as governance elements
                                        yang penting dalam keberlanjutan, serta aspek tata          required for ESG implementation.
                                        kelola yang dibutuhkan dalam penerapan ESG.

                                        Sebagai Direksi, kami berkomitmen untuk memastikan
                                        bahwa nilai-nilai keberlanjutan selalu menjadi prinsip      As the Board of Directors, we are committed to
                                        yang mendasari aktivitas operasional sehari-hari,           ensuring that sustainability values remain fundamental
                                        terintegrasi dalam perencanaan strategis, pengelolaan       principles guiding daily operations, strategic planning,
                                        operasional, serta pengembangan usaha. Kami                 operational management, and business development.
                                        senantiasa mendorong penerapan praktik operasional          We continuously encourage responsible operational
                                        yang bertanggung jawab dan mengedepankan aspek              practices that prioritize safety, contribute to society,
                                        keselamatan, berkontribusi terhadap sosial, dan menjaga     and preserve the environment.
                                        kelestarian lingkungan.

                                        TANTANGAN DAN PELUANG                                       SUSTAINABILITY CHALLENGES AND
                                        PENERAPAN KEBERLANJUTAN                                     OPPORTUNITIES

                                        Tantangan dan peluang penerapan keberlanjutan di GMF        Challenges and oppor tunities in implementing
                                        berasal dari berbagai aspek.                                sustainability within GMF comes from various aspects.

                                        Tantangan keberlanjutan yang utama berasal dari             The main challenge in terms of sustainability comes
                                        operasional MRO. Kekurangan tenaga kerja serta              from its MRO operation. Workforce shortages and supply
                                        gangguan rantai pasok berdampak pada peningkatan            chain disruptions increase operational costs due to
                                        biaya akibat inflasi. Kinerja pelaksanaan K3 yang optimal   inflation. Optimal OHS performance is also critical to
                                        juga memengaruhi aktivitas operasional agar berjalan        ensure smooth operations.
                                        dengan lancar.




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                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
Antisipasi dan mitigasi risiko terkait kekurangan tenaga          Anticipation and mitigation measures regarding
kerja telah disampaikan di pembahasan tantangan                   workforce shortages have been disclosed in the previous
sebelumnya.                                                       statement regarding operational challenges.

Terdapat regulasi internal yang ketat mengatur mengenai           Strict internal regulations govern the implementation of
penerapan K3 secara optimal di aktivitas operasional.             OHS across operational activities. Periodic socialization
Sosialisasi berkala dan penerapan rewards & punishment            and the application of reward and punishment
sebagai bagian dari penilaian kinerja individu dan unit           mechanisms are conducted as part of individual and
senantiasa dilakukan untuk memastikan penerapan K3                unit performance evaluations to ensure disciplined OHS
yang disiplin di seluruh aspek operasional.                       implementation.

Dalam menghadapi keterlambatan pasokan, Perseroan                 To address supply delays, the Company implemented
menerapkan efisiensi di luar biaya-biaya strategis dan            cost efficiency outside strategic expenditures and
memastikan penagihan piutang berjalan lancar. Inisiatif           ensured smooth receivables collection, helping maintain




                                                                                                                                Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
ini terbukti efektif untuk menjaga kinerja keuangan               financial performance throughout 2025.
sepanjang tahun 2025.

Peluang datang dari pelaksanaan operasional yang                  Opportunities arise from operations which consider
berfokus pada keberlanjutan, terutama dari sisi                   sustainability aspects, particularly through energy and
efisiensi pengunaan energi dan air. Penghematan dalam             water efficiency initiatives. Savings in electricity, fuel,
penggunaan energi listrik, solar, dan air membawa                 and water consumption enabled overall cost efficiency,
Perseroan mampu melakukan efisiensi biaya secara                  contributing to the Company’s positive performance.
keseluruhan. Inisiatif ini mendukung pencapaian kinerja
positif Perseroan.

RISIKO KEBERLANJUTAN                                              SUSTAINABILITY RISKS

Pencapaian keberlanjutan juga bergantung pada                     Sustainability achievements also depend on effective
pengelolaan risiko keberlanjutan. Direksi bertanggung             sustainability risk management. The Board of Directors
jawab atas pengelolaan dan mitigasi risiko keberlanjutan          is responsible for managing and mitigating sustainability
dengan menetapkan kebijakan, strategi, serta kerangka             risks by establishing policies, strategies, and risk
manajemen risiko yang terintegrasi dengan kegiatan                management frameworks integrated into the Company’s
usaha Perseroan, serta memastikan implementasinya                 operations.
di seluruh lini operasi.

GMF mulai mencoba mengaplikasikan penerapan                       GMF has begun adopting risk management practices
manajemen risiko yang merujuk pada Task Force on                  aligned with the Task Force on Climate-related Financial
Climate-related Financial Disclosures (TCFD) sebagai              Disclosures (TCFD) to anticipate climate-related risks.
inisiatif Perseroan mengantisipasi risiko perubahan               Physical risks affecting GMF assets, such as hangars,
iklim. Risiko fisik terhadap seluruh aset GMF seperti             equipment, and spare parts, have been carefully
hangar, peralatan, serta suku cadang, telah menjadi               considered in strategies to protect against acute physical
pertimbangan serius dalam menentukan strategi untuk               risks. Transition risks related to regulatory changes and
melindungi diri dari risiko fisik yang akut. Selain itu, risiko   global attention to climate-conscious operations are also
transisi dari perubahan regulasi dan perhatian global             considered.
terhadap penerapan operasional yang memperhatikan
perubahan iklim juga menjadi perhatian.



Secara keseluruhan, GMF telah memiliki standar                    GMF has established operational standards to anticipate
operasional untuk mengantisipasi risiko-risiko fisik              acute physical risks threatening Company assets and
akut yang mengancam aset Perseroan. GMF juga                      continues collaborating with Outstation Line Maintenance
terus bekerja sama dengan pengelola Outstation Line               operators to ensure optimal asset protection. Transition
Maintenance untuk memastikan perlindungan terhadap                risks related to regulatory developments have long been
aset dapat berjalan dengan optimal. Terkait dengan risiko         addressed in line with global MRO standards.
transisi dalam hal regulasi dan perhatian global, hal ini
telah menjadi komitmen GMF sejak lama sesuai dengan
standar operasi yang berkiblat pada standar MRO global.




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                                        Pemantauan terhadap risiko-risiko tersebut di atas            These risks are monitored periodically with corrective
    02                                  dilakukan secara berkala, disertai dengan tindakan            actions implemented when necessary.
                                        korektif apabila diperlukan.


   03                                   PENCAPAIAN ASPEK KEBERLANJUTAN                                SUSTAINABILITY ACHIEVEMENTS

                                        Dari sisi ekonomi, penjelasannya telah disampaikan            From an economic perspective, the Company achieved
                                        sebelumnya, yaitu tercapai positif karena GMF mampu           positive performance by exceeding its financial targets.
    04
                                        mencatatkan kinerja keuangan yang melebihi target.

                                        Dari sisi lingkungan hidup, GMF memiliki target biaya         From an environmental perspective, GMF allocated
    05                                  terkait aspek lingkungan mencakup pengelolaan,                costs related to environmental management, monitoring,
                                        pemantauan, hingga pelatihan, sosialisasi, dan sertifikasi.   training, socialization, and certification. All expenditures
                                        Secara keseluruhan, seluruh biaya telah dikeluarkan           were implemented as planned to ensure that GMF’s
   06                                   sesuai dengan target dan memastikan operasional GMF           operations do not negatively impact the environment.
                                        tidak berdampak negatif terhadap lingkungan.

                                        Dari sisi sosial, GMF juga memastikan bahwa operasionalnya    From a social perspective, GMF ensures compliance with
                                        sesuai dengan regulasi ketenagakerjaan sehingga tidak         labor regulations in managing thousands of employees
                                        terdapat isu material dalam mengelola ribuan tenaga           without material issues. Regarding community
                                        kerja. Terkait dengan aspek sosial terhadap masyarakat,       engagement, GMF allocated budgets for TJSL programs.
                                        GMF telah menetapkan anggaran untuk melaksanakan              In 2025, the realization amounted to Rp354,440,000
                                        program TJSL bagi kehidupan masyarakat dari sisi sosial       achieving 100% of the target.
                                        dan lingkungan. Pada tahun 2025, realisasinya adalah
                                        Rp354.440.000 dan terhadap target mencapai 100%.

                                        Selain dari aspek-aspek tersebut, dapat dikatakan             Overall, the Company’s sustainability performance
Laporan Manajemen - Management Report




                                        bahwa kinerja keberlanjutan Perseroan adalah positif          was positive and successfully supported operational
                                        dan mampu mendukung dalam pelaksanaan operasional             activities throughout the year without material issues.
                                        sepanjang tahun tanpa terhalang isu material.

                                        PROSPEK USAHA                                                 BUSINESS PROSPECTS

                                        Asumsi APBN 2026 menargetkan pertumbuhan                      The 2026 State Budget assumptions target economic
                                        ekonomi sebesar 5,2-5,8% di tengah berbagai gejolak           growth of 5.2-5.8% amid global economic volatility and
                                        ekonomi dunia dan tantangan global yang terutama              geopolitical tensions. The IMF projects global economic
                                        bersumber dari tensi geopolitik. IMF memproyeksikan           growth of 3.1% in 2026, with ASEAN growth reaching
                                        pertumbuhan ekonomi global mencapai 3,1% pada                 4.1%. This growth is expected to positively impact global,
                                        2026, dengan ASEAN tumbuh 4,1%. Pertumbuhan ini               regional, and domestic aviation industries.
                                        diharapkan berdampak positif pada peningkatan industri
                                        penerbangan global, regional, maupun domestik.

                                        Di Indonesia, selain ditopang daya beli masyarakat,           In Indonesia, aviation growth is supported not only by
                                        pertumbuhan penerbangan juga didukung oleh                    consumer purchasing power but also by infrastructure
                                        pengembangan infrastruktur serta kebijakan pemerintah         development and government policies maintaining ticket
                                        yang menjaga stabilitas harga tiket. Selaras dengan           price stability. Aligned with economic growth, global MRO
                                        pertumbuhan ekonomi, permintaan pasar MRO global              market demand shows positive trends. According to the
                                        menunjukkan tren positif. Berdasarkan data Global Fleet       2025 Global Fleet and MRO Market Forecast by Oliver
                                        and MRO Market Forecast Oliver Wyman tahun 2025,              Wyman, the MRO market is projected to reach USD120
                                        nilai pasar MRO diproyeksikan mencapai USD120 miliar,         billion, growing 15% year-on-year. Asia Pacific remains
                                        tumbuh 15% dibanding tahun sebelumnya. Asia Pacific           one of the largest markets, creating opportunities for
                                        menjadi salah satu pasar terbesar, menciptakan peluang        Indonesia’s MRO industry. In the long term, the global
                                        bagi industri MRO Indonesia. Ke depan, pasar MRO              MRO market is projected to grow at an average rate of
                                        global akan tumbuh rata-rata 2,8% per tahun hingga            2.8% annually to reach USD157 billion by 2035.
                                        mencapai USD157 miliar pada 2035.




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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
Di sisi lain, industri penerbangan global masih akan         However, the aviation industry will continue facing
menghadapi tantangan dari sisi rantai pasok dan tenaga       supply chain and labor challenges. According to Oliver
kerja. Berdasarkan data Global Fleet and MRO Market          Wyman, ongoing supply chain disruptions will increase
Forecast Oliver Wyman, disrupsi rantai pasok yang terjadi    raw material prices, while rising labor costs may impact
masih akan berlanjut sehingga menyebabkan naiknya            operational efficiency and increase costs within the MRO
harga bahan baku, serta adanya tantangan peningkatan         industry.
biaya tenaga kerja yang berpotensi memengaruhi
kelancaran operasional serta meningkatkan biaya
industri MRO.

Menghadapi tahun 2026, Perseroan berfokus pada upaya         Entering 2026, the Company will focus on strengthening
untuk memperkuat dan memaksimalkan pengembangan              and maximizing business development under the theme
usaha dengan mengusung tema Transforming for the             “Transforming for the Future.” Key strategies include:
Future. Strategi-strategi utama yang akan dilakukan          Sustainable Operational Transformation Workforce




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
guna mendukung pelaksanaan tema tersebut meliputi            Empowerment Financial Reinforcement Technology
Sustainable Operational Transformation, Workforce            Advancement Profitable Business Growth.
Empowerment, Financial Reinforcement, Technology
Advancement, Profitable Business Growth.

Dengan mempertimbangkan asumsi internal dan                  Based on internal and external assumptions and the spirit
eksternal, serta semangat Transforming for the Future,       of Transforming for the Future, the Company targets
Perseroan menargetkan pencapaian pendapatan sebesar          revenue of USD542.79 million and net profit of USD35.09
USD542.79 juta dengan laba bersih sebesar USD35.09           million. The Company also targets optimal operational
juta. Perseroan juga menargetkan pencapaian indikator        and service indicators, including: Customer Satisfaction
layanan dan operasional yang optimal, mencakup:              Index level 4 Customer SLA Fulfillment Quality &
Customer Satisfaction Index level 4, Customer SLA            Compliance Operational Efficiency each targeted at
Fulfillment, Quality & Compliance, Operational Efficiency,   100%. Additionally, the Company targets Information
masing-masing sebesar 100%. Selain itu, Perseroan juga       Capital Readiness at 95%, Capability Development at
menargetkan Information Capital Readiness sebesar            100%, and Human & Organizational Capital Readiness
95%, Capability Development 100%, dan Human &                at 95% to strengthen long-term capabilities.
Organizational Capital Readiness 95% sebagai fondasi
penguatan kapabilitas jangka panjang.

Penguatan operasional dengan sendirinya akan                 Operational strengthening will also reinforce the
memperkuat aspek keberlanjutan Perseroan ke                  Company’s sustainability aspects through sustainability-
depannya. Hal ini akan direalisasikan melalui penguatan      focused SOPs, sustainability training programs, and
SOP yang berfokus pada keberlanjutan, pelatihan              environmental management certifications.
terkait keberlanjutan, serta sertifikasi khusus terkait
pengelolaan lingkungan.

PERUBAHAN KOMPOSISI DIREKSI                                  CHANGES IN THE COMPOSITION OF
                                                             THE BOARD OF DIRECTORS

Pada tahun 2025, terdapat perubahan komposisi                In 2025, there were changes in the composition of the
Direksi. Informasinya telah disampaikan di bab Profil        Board of Directors. Details are presented in the Company
Perusahaan. Perubahan kompsisi Direksi menjadi hak           Profile chapter. The changes were the prerogative of
pemegang saham, dan telah dilakukan sesuai dengan            the shareholders and were implemented in accordance
regulasi dan Anggaran Dasar Perseroan. Perubahan ini         with applicable regulations and the Company’s Articles
terjadi seiring dengan kebutuhan bisnis dan regenerasi       of Association. The changes were made in response to
kepemimpinan. Dengan demikian, komposisi Direksi saat        business needs and leadership succession. The current
ini adalah sebagai berikut:                                  composition of the Board of Directors is as follows:
• Direktur Utama: Andi Fahrurrozi                            • CEO: Andi Fahrurrozi
• Direktur Base Management: Bobi Gumelar Raspati             • Director of Base Management: Bobi Gumelar Raspati
• Direktur Sumber Daya Manusia: Mitra Piranti                • Director of Human Resources: Mitra Piranti
• Direktur Keuangan: Tri Hartono                             • Director of Finance: Tri Hartono
• Direktur Line Operation: Endang Tardiana                   • Director of Line Operation: Endang Tardiana




                                                                                                                         45
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      01

                                        PENUTUP                                                          CLOSING
    02
                                        Direksi memberikan apresiasi kepada seluruh Karyawan             The Board of Directors expresses its appreciation to all
                                        yang telah bekerja dengan penuh dedikasi tinggi. Direksi         employees for their dedication and commitment. We also
   03                                   juga mengucapkan terima kasih atas dukungan Dewan                extend our gratitude to the Board of Commissioners for
                                        Komisaris. Terima kasih kami ucapkan juga kepada                 their guidance and support. Our sincere appreciation
                                        Pemegang Saham, Mitra Bisnis, dan Pelanggan. Kami                also goes to the Shareholders, Business Partners, and
                                        optimis, Perseroan dapat terus melaju memanfaatkan               Customers. We remain optimistic that the Company
    04
                                        peluang pertumbuhan dan menjaga kinerja positif yang             will continue moving forward, leveraging growth
                                        telah dicapai.                                                   opportunities and sustaining the positive performance
                                                                                                         that has been achieved.
    05


   06
Laporan Manajemen - Management Report




                                                                                     Tangerang, April 2026
                                                                                      Tangerang, April 2026

                                                                                        Atas nama Direksi
                                                                                On behalf of the Board of Directors




                                                                                       ANDI FAHRURROZI
                                                                                        Direktur Utama
                                                                                                   CEO




     46
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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth




                                                                                                                                      47
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      01

                                        Pernyataan Dewan Komisaris Tentang Tanggung
    02
                                        Jawab atas Laporan Terintegrasi 2025 PT Garuda
   03                                   Maintenance Facility Aero Asia Tbk
                                        Statement of the Board of Commissioners on the Responsibility for the 2025
    04                                  Integrated Report of PT Garuda Maintenance Facility Aero Asia Tbk

    05
                                        Kami yang bertandatangan di bawah ini menyatakan         We, the undersigned, declare that the information in
                                        bahwa semua informasi dalam Laporan Terintegrasi         the 2025 Integrated Report of PT Garuda Maintenance
   06                                   PT Garuda Maintenance Facility Aero Asia Tbk             Facility Aero Asia Tbk is presented in its entirety and we
                                        tahun buku 2025 sudah dimuat secara lengkap dan          are fully responsible for the correctness of the contents
                                        bertanggung jawab penuh atas kebenaran isi Laporan       of the Company’s Integrated Report. This statement is
                                        Terintegrasi Perseroan. Demikian pernyataan ini dibuat   hereby made truthfully.
                                        dengan sebenar-benarnya.


                                                                                   Tangerang, April 2026
                                                                                     Tangerang, April 2026

                                                                                      Dewan Komisaris
                                                                                    Board of Commissioners
Laporan Manajemen - Management Report




                                                                                      OKI YANUAR
                                                                               Komisaris Utama/Independen
                                                                             President/Independent Commissioner




                                        GIRING GANESHA DJUMARYO                     SUGIHARTO PRAPTO                         DEAN ARSLAN
                                                 Komisaris                              Komisaris                         Komisaris Independen
                                                  Commissioner                           Commissioner                    Independent Commissioner




      48
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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
           Pernyataan Direksi Tentang Tanggung Jawab
             atas Laporan Terintegrasi 2025 PT Garuda
                    Maintenance Facility Aero Asia Tbk
           Statement of the Board of Directors on the Responsibility for the 2025
              Integrated Report of PT Garuda Maintenance Facility Aero Asia Tbk


Kami yang bertandatangan di bawah ini menyatakan               We, the undersigned, declare that the information in
bahwa semua informasi dalam Laporan Terintegrasi               the 2025 Integrated Report of PT Garuda Maintenance




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
PT Garuda Maintenance Facility Aero Asia Tbk                   Facility Aero Asia Tbk is presented in its entirety and we
tahun buku 2025 sudah dimuat secara lengkap dan                are fully responsible for the correctness of the contents
bertanggung jawab penuh atas kebenaran isi Laporan             of the Company’s Integrated Report. This statement is
Terintegrasi Perseroan. Demikian pernyataan ini dibuat         hereby made truthfully.
dengan sebenar-benarnya.


                                           Tangerang, April 2026
                                             Tangerang, April 2026

                                                    Direksi
                                               Board of Directors




                                             ANDI FAHRURROZI
                                              Direktur Utama
                                                         CEO




            BOBI GUMELAR RASPATI                                                 MITRA PIRANTI
           Direktur Base Management                                      Direktur Sumber Daya Manusia
            Director of Base Management                                     Director of Human Resources




                  TRI HARTONO                                                  ENDANG TARDIANA
                Direktur Keuangan                                             Direktur Line Operation
                 Director of Finance                                          Director of Line Operation




                                                                                                                            49
Page 50
     Profil Perusahaan - Company Profile




50
                                                                    01




                                                     04
                                                               02




                                                05


                                           06
                                                          03
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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth




                                                                                                                                      51
                                                      Company
                                                        Profile
Page 52
     01


    02


   03


    04


    05


   06




                                       Informasi Umum Perusahaan
                                       General Information of the Company [GRI 2-1]
Profil Perusahaan - Company Profile




                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                      Nama Perusahaan
                                                                     Saat ini Perseroan lebih dikenal dengan nama komersialnya yaitu “GMF”.
                                      Company Name
                                                                     Currently the Company is better known by its commercial name, “GMF”.

                                                                     26 April 2002
                                      Tanggal Pendirian              April 26, 2002
                                      Date of Establishment          Pada tahun yang sama, GMF mulai beroperasi secara komersial.
                                                                     In the same year, GMF started its commercial operation.

                                                                     Akta Pendirian No. 93 tanggal 26 April 2002, yang telah disahkan dari Menteri Kehakiman dan Hak Asasi
                                      Dasar Hukum Pendirian          Manusia RI dengan Surat Keputusan No. C-11685 HT.01.01.TH.2002 tanggal 28 Juni 2002.
                                      Legal Basis of Establishment   Deed of Establishment No. 93 dated April 26, 2002, which was ratified by the Minister of Justice and
                                                                     Human Rights Republic of Indonesia with Decree No. C-11685 HT.01.01.TH.2002 dated June 28, 2002.

                                      Bidang Usaha                   Jasa Perawatan, Reparasi, dan Overhaul Pesawat Terbang
                                      Business Fields                Aircraft Maintenance, Repair, and Overhaul Services

                                                                     GMF merupakan Perseroan Terbatas (PT) yang memperdagangkan sahamnya ke publik di bursa efek
                                      Status dan Badan Hukum         sehingga menyandang status Perusahaan Terbuka (Tbk).
                                      Status and Legal Entity        GMF is a Limited Liability Company (PT) that offers its share to the public through the stock exchange
                                                                     and is therefore classified as a Public Company (Tbk).

                                                                     Saham Perseroan dicatatkan di Bursa Efek Indonesia (BEI) pada tanggal 10 Oktober 2017 dengan kode
                                      Tanggal Pencatatan di Bursa    saham “GMFI”.
                                      Listing Date on the Exchange   The Company’s shares are listed on the Indonesia Stock Exchange (IDX) on October 10, 2017 under
                                                                     “GMFI” as its ticker code.

                                                                     Rp10.000.000.000.000,00 (sepuluh triliun Rupiah) yang terbagi atas 28.233.511.500 (dua puluh delapan
                                                                     miliar dua ratus tiga puluh tiga juta lima ratus sebelas ribu lima ratus) saham Seri A dengan masing-
                                                                     masing saham bernilai Rp100,00 (seratus Rupiah) dan 287.065.954.000 (dua ratus delapan puluh tujuh
                                                                     miliar enam puluh lima juta sembilan ratus lima puluh empat ribu) saham Seri B dengan masing-masing
                                      Modal Dasar
                                                                     saham bernilai Rp25,00 (dua puluh lima rupiah)
                                      Authorized Capital
                                                                     Rp10,000,000,000,000.00 (ten trillion Rupiah) divided into 28.233.511.500 (twenty eight billion two
                                                                     hundred thirty three million five hundred eleven thousand five hundred) Series A shares of Rp100.00
                                                                     (one hundred Rupiah) per shares and 287.065.954.000 (two hundred eighty seven billion sixty five
                                                                     million nine hundred fifty four thousands) Series B shares of Rp25.00 (twenty five Rupiah) per shares



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                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                Modal Dasar Perseroan adalah sebesar Rp10.000.000.000.000,00 (sepuluh triliun Rupiah) yang terbagi
                                atas 28.233.511.500 (dua puluh delapan miliar dua ratus tiga puluh tiga juta lima ratus sebelas ribu
                                lima ratus) saham Seri A, masing-masing saham bernilai nominal Rp100,00 (seratus Rupiah) dan
                                287.065.954.000 (dua ratus delapan puluh tujuh miliar enam puluh lima juta sembilan ratus lima puluh
Modal Ditempatkan dan
                                empat ribu) saham Seri B, masing-masing saham bernilai nominal Rp25,00 (dua puluh lima Rupiah).
Disetor Penuh
                                The company’s Authorized Capital is Rp10.000.000.000.000,00 (ten trillion Rupiah) which is divided into
Issued and Fully Paid Capital
                                28.233.511.500 (twenty eight billion two hundred thirty three million five hundred eleventh thousand
                                five hundred) Series A shares, each share has a nominal value of Rp100,00 (one hundred Rupiah) and
                                287.065.954.000 (two hundred eighty seven billion sixty five million nine hundred fifty four thousands)
                                Series B shares, each share has a nominal value of Rp25,00 (twenty five Rupiah).

                                Lantai 2, Lobby Selatan Hangar 4
                                PT Garuda Maintenance Facility Aero Asia Tbk
                                Area Perkantoran Bandara Soekarno-Hatta, Kelurahan Pajang, Kecamatan Benda, Kota Tangerang,
                                Banten 15125

                                Second Floor, South Lobby Hangar 4
                                PT Garuda Maintenance Facility Aero Asia Tbk
Kantor Pusat
                                Soekarno-Hatta Airport Office Area, Pajang Village, Benda District, Tangerang City, Banten 15125
Head Office
[OJK C.2]
                                Telepon | Phone
                                +62 21 550 8717
                                +62 21 550 8609

                                Surel | Email
                                corporatecommunications@gmf-aeroasia.co.id
                                marketing@gmf-aeroasia.co.id

                                YouTube            GMF AeroAsia

Media Sosial                    LinkedIn           GMF AeroAsia
Social Media                    Facebook           GMF AeroAsia

                                Instagram          @gmfaeroasia




                                                                                                                                          53
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     01

                                      Skala Usaha
    02
                                      Business Scale [OJK C.3]

   03


    04                                                                                      Jumlah Liabilitas
                                       Jumlah                  Jumlah Aset
                                                               Total Assets                 Total Liabilities

                                       Aset &
    05
                                                               USD812.98                    USD698.41
                                       Liabilitas              juta/million                 juta/million
                                       Total Assets &
   06                                  Liabilities




                                                                 Jumlah Pegawai             Berdasarkan Status
                                                                 Total Employees            By Status

                                        Skala
                                        Pegawai                  4.169                      4.169               Karyawan Tetap
                                                                                                                Permanent Employee
                                        Employee Scale           orang/people

                                                                                            857                 Karyawan Tidak Tetap
                                                                                                                Contract Employee
Profil Perusahaan - Company Profile




                                          Berdasarkan                                             Berdasarkan Jabatan
                                          Jenis Kelamin                                                                   By Position
                                          By Gender

                                                                                        20                      106
                                                                                        Group Head              Division Head

                                           3.663            506                         351                     3.692
                                           pria/male        perempuan/female
                                                                                        Department Head         Staff



                                         Berdasarkan Usia                                            Berdasarkan Pendidikan
                                         By Age               ≥ 51 tahun/years old                                      By Education

                                                              295
                                                              orang/people
                                                                                      2                    213
                                                              31-50 tahun/years old   Doktoral (S3)/       Magister (S2)/

                                                              2.484                   Doctorate            Master

                                                              orang/people

                                                              ≤ 30 tahun/years old
                                                                                      1.638                1.574
                                                                                      Sarjana (S1)/        Diploma (D3)/
                                                              1.390                   Bachelor             Diploma
                                                              orang/people
                                                                                      742
                                                                                      Sekolah Menengah
                                                                                      Atas/Senior High



      54
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                                                                                                                                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
Kepemilikan Saham
Shareholders


                                                                                 2,77%                           0,28%




                                                                                                                                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                   28,54%                                                                                             68,40%




                       PT Angkasa Pura Indonesia                         PT Garuda Indonesia (Persero) Tbk                                                  Publik | Public                        PT Aero Wisata




WILAYAH OPERASIONAL
OPERATIONAL AREA


                 BTJ
       SBG
                       LSW             TNJ
                             KNO BTH                                                                     TRK
                               DTB                                                                                                                          MDC         TTE
 MEQ                                                              PNK          PSU       PKY              BEJ                             MDC                                 KAU
                                     PKU                                 SQG
                                                                                                                                                                                            SOQ         MKW         BKI
FLZ                                                                                                                PLW
                                                                                                                                           LUW
         GNS
                                                                                                                                                                                                                                      DJJ

                                               PGK
                                                           TJQ
               PDG
               DJB
               PLM                                                                                                                              KDI
                                                                                                                                                  PUM
                               BKS
                                                     CGK          KTG
                                                                                             BDJ                                                                  LAH
                                                                                                                                                      TQQ
                               TKG                                       SRG
                                                                                       SUB                                                                                          AMQ
                                                                                                                        LWU               BUW
                                                                                                         UPG
                                                                                                                                    RAQ
                                             HLP
                                                       BDO                                                                                                                                        KNG
                                                                                                                                                                                                              NBX




69
                                                                 JOG
                                                                   SOC                                                                                                                                                    TIM
                                                                          MLG        JBB BWX       DPS                                                                                    LUV
                                                                                                          SWQ     LBJ
                                                                                                                                     MOF
                                                                                                           TMC                ENE
                                                                                                                                                KOE                             SXK                                             MKQ




Lokasi Perawatan Line Maintenance
Line Maintenance Station




                                                                                                                                                                                                                                            55
Page 56
     01

                                      Riwayat Singkat GMF
    02
                                      A Brief History of GMF

   03


    04
                                      PENDIRIAN PERSEROAN
    05                                Awal Pendirian Perseroan
                                      Perjalanan PT Garuda Maintenance Facility Aero Asia
                                      Tbk ("Perseroan" atau "GMF") berawal dari pembentukan
   06                                 Direktorat Teknik Garuda Indonesia di tahun 1949.
                                      Setelah lebih dari empat dekade beroperasi sebagai
                                      salah satu divisi di bawah Garuda Indonesia, GMF
                                      berubah menjadi Strategic Business Unit Garuda
                                      Maintenance Facility (SBU-GMF) yang menangani
                                      seluruh aktivitas perawatan armada Garuda Indonesia.

                                      Pada tahun 2002, Garuda Indonesia melakukan ‘spin-off’
                                      terhadap SBU-GMF. Peristiwa ini membuat Perseroan
                                      resmi menjadi anak perusahaan Garuda Indonesia
                                      dengan nama PT Garuda Maintenance Facility Aero Asia
                                      melalui Akta Pendirian No. 93 tanggal 26 April 2002 oleh
                                      Notaris Arry Supratno, S.H. Akta tersebut telah diubah
                                      dengan perubahan terakhir melalui Akta Pernyataan
Profil Perusahaan - Company Profile




                                      Keputusan Rapat Perubahan Anggaran Dasar Nomor 2
                                      tanggal 15 Januari 2025 dan susunan pengurus terakhir
                                      yang tercantum dalam Akta Pernyataan Keputusan Rapat
                                      Nomor 6 tanggal 28 September 2025 oleh Notaris
                                      Shanti Indah Lestari, S.H., M.Kn.



                                      COMPANY ESTABLISHMENT

                                      The Company’s Establishment Journey
                                      The history of PT Garuda Maintenance Facility Aero
                                      Asia Tbk (the "Company" or "GMF") began with
                                      the establishment of Garuda Indonesia's Technical
                                      Directorate in 1949. After more than four decades of
                                      operating as one of the divisions under Garuda Indonesia,
                                      GMF was transformed into the Strategic Business Unit
                                      Garuda Maintenance Facility (SBU-GMF), which handles
                                      all maintenance activities of Garuda Indonesia's fleet.

                                      In 2002, Garuda Indonesia spin-offs SBU-GMF into a
                                      subsidiary. This event made the Company officially
                                      become a subsidiary of Garuda Indonesia, using PT
                                      Garuda Maintenance Facility Aero Asia as its name,
                                      under the Establishment Deed No. 93 of April 26, 2002,
                                      made by Notary Arry Supratno, S.H. The deed has been
                                      changed several times with the latest amendment
                                      through the Deed of Meeting Resolution of Articles
                                      of Association Amendment Number 2 dated January
                                      15, 2025, and its final management, which stipulated
                                      in the Deed of Meeting Resolution Number 6 dated
                                      September 28, 2025, made by Notary Shanti Indah
                                      Lestari, S.H., M.Kn.


     56
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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Perkembangan Usaha                                         Business Development
Sebagai MRO terdepan di Indonesia, GMF memiliki            As the leading MRO in Indonesia, GMF owns Line
perawatan Line Maintenance hingga Overhaul ,               Maintenance including Overhaul, maintenance and repair
perawatan dan perbaikan mesin serta komponen,              of engines and components, modification processes,
proses modifikasi, dan perbaikan kabin. Perseroan          and cabin refurbishment. The Company continuously
terus memperkuat bisnis utamanya dengan sejumlah           strengthens its core business by adding a number of
penambahan lini perawatan dan berbagai fasilitas           additional maintenance services and various international
berstandar internasional.                                  standard facilities.

PENAWARAN UMUM PERDANA                                     INITIAL PUBLIC OFFERING

GMF resmi menjadi emiten pertama industri MRO di           GMF officially became the first issuer of the MRO
Indonesia yang melakukan Penawaran Umum Perdana            industry in Indonesia to conduct an Initial Public Offering
(Initial Public Offering/IPO) kepada publik pada tanggal   (IPO) to the public on October 2, 2017, and its shares
2 Oktober 2017 dan secara resmi sahamnya tercatat di       were officially listed on the Indonesia Stock Exchange on
Bursa Efek Indonesia pada tanggal 10 Oktober 2017.         October 10, 2017. This momentum became an important
Momentum tersebut menjadi tonggak sejarah penting          milestone for the Company to further strengthen GMF's
bagi Perseroan untuk semakin mengukuhkan posisi GMF        position to become the Most Valuable MRO Company.
untuk menjadi Most Valuable MRO Company.

PERUBAHAN NAMA PERSEROAN                                   CHANGE OF THE COMPANY’S NAME

Sejak didirikan pada tanggal 26 April 2002, Perseroan      Since its establishment on April 26, 2002, the Company
tetap menggunakan nama PT Garuda Maintenance               has continued to use the name PT Garuda Maintenance
Facility Aero Asia. Pada tanggal 10 Oktober 2017,          Facility Aero Asia. On October 10, 2017, the Company
Perseroan resmi memperdagangkan sahamnya di BEI            officially listed its shares on the Indonesia Stock
sehingga menjadi perseroan terbuka (Tbk) yang terlihat     Exchange (IDX), becoming a public company (Tbk), as
dari namanya menjadi PT Garuda Maintenance Facility        reflected in its name change to PT Garuda Maintenance
AeroAsia Tbk.                                              Facility AeroAsia Tbk.




                                                                                                                         57
Page 58
     01

                                      Jejak Langkah
    02
                                      Milestones

   03


    04


    05
                                           1949                                                1984
                                           Pertama kali dibentuk sebagai                       Berawal dari Divisi Maintenance &
                                           Direktorat Teknik Garuda Indonesia.                 Engineering (M&E) Garuda Indonesia.
   06                                      Established as a Directorate of                     Started to operate as the Division of
                                           Engineering of Garuda Indonesia.                    Maintenance & Engineering (M&E) of
                                                                                               Garuda Indonesia.




                                           2017                                                2016
                                           Melakukan penawaran perdana saham                   Diresmikannya GMF menjadi Pusat
                                           (initial public offering) kepada publik             Logistik Berikat oleh Kementerian
                                           sebesar 10% dari modal ditempatkan                  Keuangan.
                                           dan disetor penuh.                                  The Ministry of Finance inaugurated
                                           Conducted an Initial Public Offering (IPO)          GMF as a Bonded Logistics Center.
Profil Perusahaan - Company Profile




                                           of shares that amounted to 10% of the
                                           Company’s issued and fully paid capital.




                                           2018                                           2019
                                           Mengawali kerja sama strategis dalam           Dianugerahi penghargaan “Top 9 Airframe MRO”
                                           rangka pengembangan bisnis di dalam            oleh Aviation Week pada ajang Aviation Week
                                           dan luar negeri.                               Networks Editor’s Choice Award 2019.
                                           Initiated several strategic cooperation for    Awarded as the “Top 9 Airframe MRO” by Aviation
                                           business development, both domestically        Week at the Aviation Week Networks Editor’s
                                           and internationally.                           Choice Award 2019.




                                      2025                                               2024
                                      Peningkatan Modal melalui Penyertaan Modal         Penambahan Modal dengan Hak Memesan Efek
                                      Non-tunai berupa Lahan dari PT Angkasa             Terlebih Dahulu (PMHMETD) dalam rangka inbreng
                                      Pura Indonesia melalui Skema Right Issue.          aset/fasilitas dari induk usaha kepada GMF.
                                      Capital Increase through Non-Cash Capital          Capital Increase with Pre-emptive Rights for asset/
                                      Contribution in the form of Land from PT           facility inbreng from the parent company to GMF.
                                      Angkasa Pura Indonesia through a Rights Issue
                                      Scheme.




     58
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                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
     1998                                                2002
     Berubah menjadi Strategic Business                  Spin-Off menjadi Anak Perusahaan
     Unit (SBU) GMF.                                     dengan nama PT GMF AeroAsia.
     Becoming a Strategic Business Unit                  Spin-Off and became a Subsidiary




                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
     GMF (SBU-GMF).                                      under the name of PT GMF AeroAsia.




2015                                                     2013
Mulai beroperasinya Hangar 4 yang merupakan              Penambahan dua bidang usaha baru,
hangar narrow body terbesar di dunia seiring             yaitu SBU Engine Maintenance dan SBU
dengan pertumbuhan bisnis GMF dalam                      IGTE, serta pembangunan Hangar 4.
mengembangkan kapasitas perawatan pesawat.               Developed SBU Engine Maintenance and
Hangar 4 started to operate and became the               SBU IGTE as two new business units and
world’s largest hangar for narrow-body aircraft as       constructing Hangar 4.
GMF grew its aircraft maintenance capacity.




2020                                                     2021
Dianugerahi penghargaan “Asia MRO Airframe of            Modernisasi pesawat Hercules C130 pertama
The Year” oleh Aviation Week Network pada MRO            yang mencakup pengerjaan replacement
Asia Pacific Awards 2020.                                center wing box dan avionic upgrade.
Awarded as the “Asia-MRO Airframe of The Year” by        Conducted its first Hercules C130 job that
the Aviation Week Network at the MRO Asia Pacific        covered the improvement of the aircraft’s
Awards 2020.                                             replacement center wing box and avionic
                                                         upgrade.




2023                                                 2022
Kesepakatan konsorsium pengerjaan perawatan          Optimalisasi segmen usaha Jasa Kalibrasi
helikopter Bell 412.                                 untuk perawatan komponen.
A consortium agreement for maintenance work on       Optimization of the Calibration Services
Bell helicopters 412.                                business segment for component maintenance.




                                                                                                      59
Page 60
     01

                                      Visi, Misi, dan Nilai Perusahaan
    02
                                      Vision, Mission, and Core Values [OJK C.1, A.1] [GRI 2-23]

   03


    04
                                      Visi dan Misi Perseroan telah ditetapkan dalam Rencana Jangka Panjang Perusahaan (RJPP), menghasilkan peta
                                      strategis perkembangan bisnis secara komprehensif yaitu “GMF Roadmap 2025-2030”. Manajemen GMF telah
                                      melakukan kajian terhadap Visi dan Misi Perseroan yang dirasa masih relevan dengan kondisi bisnis saat ini.
    05
                                      The Company’s Vision and Mission have been outlined in the Company’s Long-Term Business Plan (RJPP), generating
                                      a strategic business development as a whole which reflected in the “GMF Roadmap 2025-2030”. The Management
   06                                 of GMF has reviewed the Company’s Vision and Mission and felt that the content is still relevant to the current
                                      business condition.




                                         VISI                                    PENJELASAN VISI


                                         VISION
                                                                                 GMF telah mencapai salah satu target dalam
                                                                                 pengembangan usaha yaitu melalui pengakuan sebagai
Profil Perusahaan - Company Profile




                                                                                 global player MRO dengan menjadi Top 10 MRO pada
                                                                                 tahun 2019. Perjalanan Perseroan tidak berhenti
                                                                                 sampai di situ. Perseroan akan terus meningkatkan nilai
                                         Perusahaan MRO                          usaha di mata publik, internal dan eksternal, dengan
                                                                                 mengembangkan kegiatan usaha yang lebih luas dan
                                         yang Paling Bernilai                    tidak hanya bergantung pada sektor aviasi.
                                         Most Valuable MRO
                                         Company
                                                                                 VISION EXPLANATION

                                                                                 GMF has achieved one of its targets in business
                                                                                 development by gaining recognition as a global MRO
                                                                                 player, reaching the Top 10 MRO in 2019. The Company’s
                                                                                 journey doesn’t end there. The Company is committed
                                                                                 to further enhancing business value in the eyes of the
                                                                                 public, both internally and externally, by diversifying its
                                                                                 business activities beyond solely relying on the aviation
                                                                                 sector.




     60
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                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
             MISI
             MISSION
             Solusi Perawatan Terintegrasi dan Handal Sebagai
             Kontribusi untuk Bangsa
             Integrated and Reliable Maintenance Solution as a
             Contribution to the Nation

PENJELASAN MISI                                           MISSION EXPLANATION




                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Demi mewujudkan misi tersebut, GMF meyakini bahwa         To achieve this mission, GMF believes that every
setiap insan GMF wajib mematuhi ketentuan berikut:        personnel must comply with the following conditions:
1. Menjamin Kualitas Pekerjaan                            1. Ensuring Work Quality
    Membangun sistem perawatan, termasuk                     Building aircraft maintenance systems, including
    penjadwalan, material dan produksi, ser ta               scheduling, materials and production, as well as
    standarisasi yang ketat untuk menjamin tidak hanya       strict standardization to ensure the airworthiness
    kelaikan udara setiap pesawat terbang tetapi juga        of each aircraft management and other projects at
    seluruh pekerjaan lain yang ditanganinya dilakukan       a reasonable cost.
    dengan biaya yang wajar.
2. Gigih Meningkatkan Kemampuan                           2. Persistent Increasing Ability
    Mengembangkan kemampuan teknis dan profesional           Developing technical and professional capabilities
    pegawai, meningkatkan fasilitas dan peralatan demi       of employees, improving facilities and equipment
    melayani pelanggan untuk memperoleh alternatif           to serve customers to obtain the best alternative
    pendayagunaan pesawat terbang terbaik yang               aircraft utilization made by professionals with high
    dilakukan oleh tenaga profesional dengan akhlak          morals and work ethics.
    dan etos kerja yang tinggi.
3. Kerja sama Kelompok Ser ta Menghargai                  3. Group Collaboration and Respect for Individual
    Kemampuan Individu                                       Capabilities
    Mendorong terciptanya semangat kerja sama                Encourage the creation of a spirit of group
    kelompok dan secara serius mengimplementasikan           cooperation and seriously implement work safety
    standar keamanan kerja demi menjamin keselamatan         standards to ensure the safety of all employees and
    seluruh pegawai dan mencapai hasil kerja yang            achieve reliable work. GMF values and recognizes
    handal terpercaya. GMF menghargai dan menyadari          the unique contributions of each individual and
    kontribusi unik setiap individu serta berupaya           strives to create a climate of freedom to politely
    menciptakan iklim kebebasan untuk menyampaikan           submit advice and feedback.
    saran dan umpan balik dengan santun dan beradab.
4. Peduli Terhadap Kebutuhan Pelanggan                    4. Caring About Customer Needs
    Melalui kerja sama yang erat dan penuh kepedulian        Through close and caring collaboration with
    terhadap kebutuhan pelanggan serta standar kerja         customer needs and high work standards, GMF is
    yang tinggi, GMF mampu menghasilkan alternatif           able to produce alternative aircraft maintenance
    solusi perawatan pesawat terbang yang handal             solutions that are reliable while still meeting
    dengan tetap memenuhi standar aturan yang berlaku.       applicable regulatory standards.
5. Berkontribusi pada Perekonomian Nasional               5. Contributing to the National Economy
    GMF berkomitmen untuk mendukung pertumbuhan              GMF is committed to supporting national economic
    ekonomi nasional melalui peningkatan daya saing          growth by strengthening the global competitiveness
    industri MRO Indonesia di tingkat global serta           of Indonesia’s MRO industry and contributing to
    kontribusi terhadap perolehan devisa negara melalui      the country’s foreign exchange earnings through
    layanan kepada pelanggan internasional.                  services delivered to international customers.
6. Menjadi Warga Usaha yang Baik                          6. Become a Good Business Citizen
    Menyadari bahwa kewajiban dan tanggung jawab             Recognize that the obligations and responsibilities
    sebagai warga usaha yang baik mencakup lingkungan        as good business citizens include the environment
    di mana GMF beroperasi dan komunitas dunia yang          in which GMF operates and the larger global
    lebih besar. GMF berupaya dengan sungguh-sungguh         community. GMF strives to seriously implement
    mengimplementasikan prinsip-prinsip yang saling          mutually beneficial principles, especially in terms
    menguntungkan, khususnya dalam hal tata kelola           of corporate governance, health, and education.
    perusahaan, kesehatan, dan pendidikan.

                                                                                                                    61
Page 62
     01

                                      PERNYATAAN VISI DAN MISI                                               STATEMENT OF COMPANY VISION AND
    02                                PERUSAHAAN SEBAGAI VISI DAN MISI                                       MISSION AS SUSTAINABILITY VISION
                                      KEBERLANJUTAN                                                          AND MISSION

   03                                 GMF belum menetapkan visi dan misi keberlanjutan                       GMF has not yet established a separate sustainability
                                      secara terpisah, namun telah memiliki visi dan misi                    vision and mission, however, it has defined a vision
                                      tanggung jawab sosial yang disampaikan di Laporan                      and mission for social responsibility as disclosed in the
                                      Keberlanjutan. Pernyataan visi dan misi perusahaan                     Sustainability Report. The overall vision and mission of
    04
                                      dan tanggung jawab sosial secara keseluruhan menjadi                   both corporate and social responsibility commitments,
                                      bagian strategi keberlanjutan untuk semakin memperkuat                 form part of its sustainability strategy to further
                                      praktik usaha GMF yang berkontribusi terhadap aspek                    strengthen GMF’s business practices that contribute
    05                                ESG sesuai perhatian global saat ini.                                  to ESG aspects in line with current global priorities.

                                      NILAI PERUSAHAAN                                                       CORPORATE VALUES
   06
                                      Tata nilai AKHLAK diadopsi oleh GMF, sebagai anak                      The AKHLAK core values have been adopted by GMF, as
                                      usaha dari Badan Usaha Milik Negara (BUMN), sejak                      a subsidiary of a State-Owned Enterprise (SOE), since
                                      2020 setelah dikeluarkannya Surat Edaran Menteri                       2020 following the issuance of the Circular Letter of
                                      BUMN Nomor: SE 7/MB/07/2020 tanggal 1 Juli 2020.                       the Minister of SOEs No. SE-7/MB/07/2020 dated 1 July
                                                                                                             2020.




                                                      Amanah                                      Kompeten                                     Harmonis
                                                      Trustworthy                                 Competent                                    Harmonious
                                         Memegang teguh kepercayaan yang            Terus belajar dan mengembangkan              Saling peduli dan menghargai
                                         diberikan dengan berperilaku dan           kapabilitas, terus menerus                   perbedaan yang diwujudkan dalam
                                         bertindak selaras dengan perkataan,        meningkatkan kemampuan/kompetensi            bentuk berperilaku saling membantu
                                         menjadi seseorang yang dapat               agar selalu mutakhir, selalu dapat           dan mendukung sesama insan
Profil Perusahaan - Company Profile




                                         dipercaya dan bertanggung jawab, dan       diandalkan dengan memberikan kinerja         organisasi maupun masyarakat, selalu
                                         bertindak jujur serta berpegang teguh      terbaik, dan menghasilkan kinerja serta      menghargai pendapat, ide atau gagasan
                                         kepada nilai moral dan etika secara        prestasi yang memuaskan.                     orang lain, serta menghargai kontribusi
                                         konsisten.                                 Never stop learning and improving,           setiap orang dari berbagai latar
                                         Being accountable and have the             always seek to improve abilities/            belakang.
                                         integrity to do what was spoken, being     competencies with current trend, being       Care for others and value differences
                                         someone who can be trusted and have        someone who can be trusted only              by always helping and supporting
                                         the responsibility, act honestly, always   because of his performance, and deliver      others within the organization and
                                         adhere to moral and ethical values.        a performance that is satisfactory and       the community, valuing the opinion of
                                                                                    making splendid achievement.                 others, their ideas and their propositions,
                                                                                                                                 appreciating what others have
                                                                                                                                 contributed despite their backgrounds.




                                                      Loyal                                       Adaptif                                      Kolaboratif
                                                      Loyalty                                     Adaptive                                     Collaborative
                                         Berdedikasi dan mengutamakan               Terus berinovasi dan antusias dalam          Membangun kerja sama yang sinergis
                                         kepentingan bangsa dan negara dengan       menggerakkan ataupun menghadapi              dan terbuka dengan berbagai pihak,
                                         menunjukkan komitmen yang kuat             perubahan dengan melakukan inovasi           mendorong terjadinya sinergi untuk
                                         untuk mencapai tujuan, berkontribusi       secara konsisten untuk menghasilkan          mendapatkan manfaat dan nilai tambah,
                                         lebih dan rela berkorban dalam             yang lebih baik, terbuka terhadap            dan bersinergi untuk mencapai tujuan
                                         mencapai tujuan, dan menunjukkan           perubahan, bergerak lincah, cepat, dan       bersama.
                                         kepatuhan kepada organisasi dan            aktif dalam setiap perubahan untuk           Collaborating openly with others, pushing
                                         negara.                                    menjadi lebih baik, serta bertindak          to synergize for added benefits and
                                         Dedicated and putting the interest of      proaktif dalam menggerakkan                  values to achieve common goals.
                                         the state and the country firstly beyond   perubahan.
                                         others by showing a strong commitment      Constantly innovating and excited to
                                         to achieve the objective, giving more      move or face the changes to innovate for
                                         contribution and willing to sacrifice      the best, accepting changes, moving with
                                         in achieving objective, showing the        agility, quick-witted, and being active in
                                         compliance to the organization and the     promoting changes.
                                         state.




     62
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
KEGIATAN MEMBANGUN BUDAYA                                 ACTIVITIES TO BUILD A CULTURE OF
KEBERLANJUTAN [OJK F.1] [GRI 2-24]                        SUSTAINABILITY [OJK F.1] [GRI 2-24]

Perseroan telah menetapkan seperangkat nilai dan          The Company has established a set of corporate
budaya korporasi sebagai fondasi seluruh kegiatan         values and culture as the foundation of all operational
operasional yang tidak terpisahkan dari komitmen          activities, which are inseparable from its commitment
terhadap penerapan prinsip keberlanjutan. Nilai dan       to the implementation of sustainability principles. These
budaya korporasi tersebut menjadi pedoman bagi            corporate values and culture serve as guidelines for all
seluruh insan Perseroan dalam menjalankan kegiatan        Company personnel in conducting business activities
usaha secara bertanggung jawab, beretika, dan             responsibly, ethically, and with an orientation on long-
berorientasi pada penciptaan nilai jangka panjang.        term value creation.

Dengan berlandaskan prinsip-prinsip AKHLAK, didukung      Grounded in the AKHLAK principles and supported by the
oleh visi dan misi perusahaan & keberlanjutan, GMF        vision and mission of both company and sustainability




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
melaksanakan operasional Maintenance, Repair,             principles, GMF carries out responsible Maintenance,
and Overhaul (MRO) yang bertanggung jawab untuk           Repair, and Overhaul (MRO) operations to contribute to
berkontribusi terhadap pembangunan berkelanjutan.         sustainable development. Since July 2020, SOEs have
Sejak Juli 2020, BUMN melakukan transformasi Sumber       undertaken a human capital transformation by aligning
Daya Manusia (SDM) dengan menyelaraskan nilai inti di     core values across the entire SOE ecosystem, with the
seluruh keluarga besar BUMN dengan tujuan merekatkan      aim of strengthening a unified work culture among all
budaya kerja seluruh insan BUMN. Perseroan telah          SOE personnel. The Company has implemented various
menjalankan berbagai strategi untuk menanamkan            strategies to instill the AKHLAK cultural values, which
nilai budaya AKHLAK yang terus berjalan hingga saat       continue to be reinforced on an ongoing basis until this
ini sebagai upaya penegakkan secara berkelanjutan.        moment.

Prinsip-prinsip AKHLAK tertanam secara kuat dalam         The AKHLAK principles are firmly embedded in GMF’s Code
pedoman berperilaku (Code of Conduct) GMF sebagai         of Conduct, serving as a reference for all GMF personnel
acuan bagi seluruh insan GMF untuk berperilaku.           in their behavior and professional conduct. GMF also has
GMF juga memiliki “ GMF Spirit ” sebagai kalimat          established the “GMF Spirit” as an affirmative statement
afirmasi pelengkap dari AKHLAK yang mendorong             that complements the AKHLAK values and encourages
insan GMF berkontribusi optimal bagi seluruh aspek        GMF personnel to contribute optimally to all aspects of
dalam keberlanjutan yang mencakup ekonomi, sosial,        sustainability in terms of economic, social, environmental,
lingkungan, dan tata kelola.                              and governance aspects.

Realisasinya adalah You Do Matter (Anda berharga) yang    The realization includes “You do Matter,” which stems
merupakan turunan dari nilai Harmonis, I Empower You      from the Harmonious value; “I Empower You,” derived
(Saya Memberikan Anda Kekuatan) yang merupakan            from the Competent value; and “Together We Achieve
turunan dari nilai Kompeten, dan Together We Achieve      More,” which reflects the Collaborative value. These
More (Bersama Kita Mencapai Lebih) yang merupakan         three cultural principles are further translated into eight
turunan dari nilai Kolaboratif. Ketiga budaya tersebut    behavioral principles that all GMF personnel are required
dijabarkan ke dalam delapan prinsip perilaku yang wajib   to uphold.
diterapkan oleh insan GMF.
1. Value All Contribution: Insan GMF memiliki sikap       1. Value All Contributions: GMF personnel foster mutual
    saling menghargai antar sesama Insan GMF dan             respect among colleagues and refrain from self-
    tidak merasa diri sendiri benar/hebat.                   righteous or self-superior attitudes.
2. Be Thoughtful and Caring : Insan GMF memiliki          2. Be Thoughtful and Caring: GMF personnel
    kepedulian terhadap lingkungan dan mengurangi            demonstrate care for their surroundings and prioritize
    ego pribadi.                                             collective interests over personal ego.
3. Honor Integrity and Moral Value: Insan GMF memiliki    3. Honor Integrity and Moral Values: GMF personnel
    kesadaran untuk selalu menjaga integritas, baik          uphold integrity in both words and actions, ensuring
    dalam perkataan maupun perbuatan.                        ethical conduct at all times.
4. Recognize Individual Potential: Insan GMF memiliki     4. Recognize Individual Potential: GMF personnel
    kesadaran akan pentingnya pengembangan                   acknowledge the importance of skill development
    keterampilan, baik untuk diri sendiri maupun untuk       for both themselves and their team members,
    anggota timnya dan berkomitmen untuk terus belajar       committing to continuous learning and self-
    serta meningkatkan kemampuan.




                                                                                                                        63
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     01

                                      5. Enable Growth and Accomplishment: Insan GMF
    02                                   memiliki kesadaran terhadap pentingnya budaya
                                         inovasi dan perbaikan berkelanjutan dalam tiap
                                         aspek pekerjaannya, eksplorasi teknologi baru,
   03                                    dan menerapkan praktik terbaik yang dapat
                                         meningkatkan efisiensi dan efektivitas kerja.
                                      6. Celebrate Team Diversity : Insan GMF memiliki
                                         kesadaran terhadap lingkungan yang beragam
    04
                                         dan percaya bahwa keberagaman ini merupakan
                                         kekuatan untuk membangun hubungan kerja yang
                                         solid dan produktif tanpa memandang perbedaan
    05                                   yang ada.
                                      7. Encourage Teamwork and Synergy: Insan GMF
                                         memiliki kesadaran yang tinggi untuk memberikan
   06                                    hasil atau output pekerjaan yang terbaik sehingga
                                         kolaborasi dalam tim dan organisasi secara
                                         keseluruhan merupakan kunci untuk mencapai tujuan
                                         bersama
                                      8. Improve Effective Communication : Insan GMF
                                         terus meningkatkan transparansi dalam situasi dan
                                         informasi di seluruh organisasi dengan memastikan
                                         bahwa informasi yang disampaikan penting, relevan,
                                         akurat, serta memiliki tanggung jawab untuk
                                         memverifikasi kebenaran setiap informasi sebelum
                                         disebarluaskan.


                                         improvement.
Profil Perusahaan - Company Profile




                                      5. Enable Growth and Accomplishment: GMF personnel
                                         recognize the importance of fostering a culture of
                                         innovation and continuous improvement in all aspects
                                         of their work. They explore new technologies and
                                         implement best practices to enhance efficiency and
                                         effectiveness.
                                      6. Celebrate Team Diversity: GMF personnel embrace a
                                         diverse work environment and believe that diversity
                                         is a strength in building solid and productive working
                                         relationships, regardless of differences.
                                      7. Encourage Teamwork and Synergy: GMF personnel
                                         are highly committed to delivering the best possible
                                         outcomes, recognizing that collaboration within
                                         teams and across the organization is key to achieving
                                         shared goals.
                                      8. Improve Effective Communication: GMF personnel
                                         continuously enhance transparency across the
                                         organization by ensuring that shared information
                                         is relevant, accurate, and essential. They also
                                         take responsibility for verifying the accuracy of
                                         information before dissemination.




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                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                                                                    Logo Perusahaan
                                                                                      Company Logo




                                                                                                              Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                 Primary Element                       Primary Element              Primary Element
                 Garuda Indonesia Logogram             GMF AeroAsia Logotype        Affiliation Signature




Logo GMF AeroAsia dirancang dengan membawa         The logo of GMF AeroAsia is designed using the
nuansa identitas Garuda Indonesia, sebagai         identity of Garuda Indonesia, the Parent Company,
Perusahaan Induk, dengan rekam jejak selama        with more than five decades of history in Indonesia.
lebih dari lima dekade di Indonesia.

Logo GMF terdiri dari elemen-elemen primer yang    The GMF logo consists of primary elements that
mutlak harus muncul di sebagian besar aplikasi,    must appear in all communication applications and
yaitu simbol burung Garuda, garis cakrawala        include the symbol of Garuda, the blue horizon
biru, logotype GMF AeroAsia dan tagline Garuda     line, the logotype of GMF AeroAsia, and Garuda
Indonesia Group. Aplikasi identitas Perseroan      Indonesia Group’s tagline. A correct application of
yang tepat akan menciptakan sebuah standar         the Company’s identity will create a standard and
dan konsistensi.                                   consistency.

Logotype “GMF” adalah Avenir Book Italic, sebuah   The logotype of “GMF” is the Avenir Book Italic, a
font san serif modern untuk menggarisbawahi        modern san serif font that underlines the dynamic
karakter GMF AeroAsia yang dinamis dan             character of GMF AeroAsia with its renewing,
semangatnya untuk senantiasa maju dan              constantly progressing spirit. The “AeroAsia” itself
memperbarui diri. Sedangkan “AeroAsia” disusun     is composed in Myriad Roman, a sans serif font with
dalam Myriad Roman, sebuah font sans serif         a strong character that has a curve that emphasizes
dengan karakter yang kuat, dengan lekukan yang     the value of flexibility, politeness in service, and the
menekankan nilai fleksibilitas, kesantunan dalam   value of its customers.
pelayanan, serta nilai pelanggan.

Simbol burung Garuda serta tagline menunjukkan     The Garuda symbol and tagline show the affiliation
afiliasi GMF AeroAsia sebagai perusahaan           of GMF AeroAsia, as the supporting company of
pendukung Garuda Indonesia.                        Garuda Indonesia.




                                                                                                              65
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     01

                                      Penghargaan dan Sertifikasi
    02
                                      Awards and Certification

   03


    04
                                      PERKEMBANGAN USAHA YANG                                              GLOBAL-SCALE DEVELOPMENT
                                      MENDUNIA
    05
                                      GMF terus bertumbuh secara signifikan dan saat ini                   GMF continues to experience significant growth and
                                      merupakan salah satu penyedia solusi Maintenance,                    is now one of the leading providers of Maintenance,
   06                                 Repair, and Overhaul (MRO) terdepan di Indonesia.                    Repair, and Overhaul (MRO) solutions in Indonesia.
                                      Dengan pengalaman operasional yang panjang serta                     With extensive operational experience and a strong
                                      komitmen yang kuat terhadap penerapan standar                        commitment to upholding high standards of quality,
                                      kualitas, keselamatan, dan keandalan yang tinggi, GMF                safety, and reliability, GMF has strengthened the trust
                                      memperkuat kepercayaan pelanggan domestik dan                        of domestic customers and gained recognition from the
                                      mendapatkan pengakuan dari industri penerbangan                      international aviation industry.
                                      internasional.

                                      Sebagai penyedia layanan MRO yang komprehensif,                      As a comprehensive MRO service provider, GMF offers
                                      GMF menawarkan portofolio layanan yang terintegrasi,                 an integrated portfolio of services, including Line
                                      mencakup Line Maintenance , perawatan dan                            Maintenance, engine and component maintenance
                                      perbaikan mesin serta komponen, kegiatan overhaul,                   and repair, overhaul activities, as well as aircraft
                                      hingga layanan modifikasi pesawat dan peremajaan                     modification and cabin refurbishment services. In
                                      kabin. Seiring dengan perubahan dinamika industri                    response to changing dynamics in the global aviation
Profil Perusahaan - Company Profile




                                      penerbangan global dan tuntutan pasar saat ini,                      industry and current market demands, GMF continues
                                      GMF terus melakukan transformasi strategis melalui                   to perform strategic transformation through business
                                      diversifikasi usaha untuk memperkuat daya saing dan                  diversification to enhance competitiveness and ensure
                                      memastikan keberlanjutan usaha.                                      business sustainability.

                                      Saat ini, GMF tidak hanya berfokus pada layanan                      Currently, GMF not only focuses on MRO services for
                                      MRO untuk penerbangan komersial, tetapi juga telah                   commercial aviation but has also expanded its business
                                      memperluas bisnisnya ke sektor Military & Defense                    into the Military & Defense and Industrial Gas Turbine
                                      serta Industrial Gas Turbine Engine (IGTE). Langkah                  Engine (IGTE) sectors. This strategic move reflects
                                      ini mencerminkan kemampuan GMF dalam mengelola                       GMF’s capability to manage operational complexities
                                      kompleksitas operasional di berbagai sektor serta                    across various sectors and reinforces its position as an
                                      memperkuat posisinya sebagai perusahaan MRO                          adaptive and resilient MRO company amidst the evolving
                                      yang adaptif dan tangguh menghadapi dinamika dan                     dynamics and challenges of the industry.
                                      tantangan industri yang terus berkembang.

                                      PENGHARGAAN YANG DITERIMA                                            AWARDS RECEIVED IN 2025
                                      TAHUN 2025

                                         Pemberi Penghargaan                             Nama Penghargaan                                Ajang Penghargaan
                                                Issuer                                        Award                                             Event
                                      PT Kilang Pertamina Internasional
                                                                          The Best Quality Aspect Vendor                          Vendor Day 2025
                                      Refinery Unit III Plaju

                                                                          Pencegahan dan Penanggulangan HIV-AIDS &
                                                                          Penghargaan Pelaksanaan Panitia Pembina Keselamatan
                                      Provinsi Banten
                                                                          dan Kesehatan Kerja (P2K3)                              K3 Award
                                      Banten Province
                                                                          HIV-AIDS Prevention and Control & Occupational Safety
                                                                          and Health Committee (P2K3) Implementation Award

                                      Aviation Week                       Top 6 Finalist MRO Engine of the Year                   MRO Asia Pacific 2025

                                                                                                                                  Convention Continuous Improvement (CIC)
                                      PQM Consultants                     Silver Award Implementasi 5R
                                                                                                                                  2025




    66
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                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
   Pemberi Penghargaan                       Nama Penghargaan                                   Ajang Penghargaan
          Issuer                                  Award                                                Event
Kontan & GML Performance
                            Stellar Workplace Recognition in Employee Commitment         Stellar Workplace Award 2025
Consulting

                            Gold Winner Kategori Media Internal (Video Profile) untuk
                            GMF Company Profile 2025                                     Anugerah Humas Indonesia 2025
                            Gold Winner in the Internal Media Category (Video Profile)   Indonesian Public Relations Award 2025
                            for GMF Company Profile 2025

Humas Indonesia             Silver Winner Kartini Humas Indonesia (Generasi
                            Milenial) untuk Khairani Windyaningrum, Corporate
                            Communications & CSR Division Head
                            Silver Winner of the Indonesian Kartini Public Relations
                            Award (Millennial Generation) for Khairani Windyaningrum,
                            Corporate Communications & CSR Division Head




                                                                                                                                  Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
SERTIFIKASI YANG BERLAKU HINGGA                                  VALID CERTIFICATES UNTIL END OF
AKHIR TAHUN 2025                                                 2025

 Tanggal Dikeluarkannya
                                 Nama Sertifikasi                     Pemberi Sertifikasi               Masa Berlaku
       Sertifikasi
                                   Certification                           Issuer                        Valid Until
     Issuance Date
                           Directorate General of Civil
28 Desember 2021                                                                                 28 September 2026
                           Aviation: Approved Maintenance       DGCA Indonesia
December 26, 2021                                                                                September 28, 2026
                           Organization

01 Oktober 2025
                           Federal Aviation Administration:                                      31 Oktober 2026
October 01, 2025                                                FAA
                           Approved Repair Station                                               October 31, 2026

                           European Union Aviation Safety
24 Juli 2024                                                                                     Tidak terbatas
                           Agency: Approved Maintenance         EASA
July 24, 2024                                                                                    Unlimited
                           Organization

                           Civil Aviation Safety Authority
30 Mei 2025                                                                                      31 Desember 2026
                           Australia: Approved Maintenance      CASA Australia
May 30, 2025                                                                                     December 31, 2026
                           Organization

                           Civil Aviation Authority of
08 Februari 2026                                                                                 7 Februari 2029
                           Thailand: Approved Repair            CAA Thailand
February 08, 2026                                                                                February 7, 2029
                           Station

                           Directorate General of Civil
01 Januari 2026                                                                                  31 Desember 2030
                           Aviation: Approved Maintenance       DGCA India
January 01, 2026                                                                                 December 31, 2030
                           Organization

                           Civil Aviation Authority of
30 Agustus 2023                                                                                  Tidak terbatas
                           Fiji Approved Maintenance            CAA Fiji
August 30, 2023                                                                                  Unlimited
                           Organization

                           Ministry of Land, Infrastructure
25 Agustus 2025                                                                                  24 Agustus 2027
                           and Transpor t: Approved             MOLIT Korea
August 25, 2025                                                                                  August 24, 2027
                           Maintenance Organization

                           Director of Civil Aviation
08 Oktober 2025                                                                                  31 Oktober 2026
                           Bailiwick of Guernsey: Approved      Bailiwick of Guernsey
October 08, 2025                                                                                 October 31, 2026
                           Maintenance Organization

                           Civil Aviation Authority of the
10 Desember 2024                                                                                 Tidak terbatas
                           United Kingdom: Approved             CAA United Kingdom
December 10, 2024                                                                                Unlimited
                           Maintenance Organization

                           Civil Aviation Safety Authority of
01 April 2025                                                                                    31 Maret 2027
                           Papua New Guinea: Approved           CASA Papua New Guinea
April 1, 2025                                                                                    March 31, 2027
                           Maintenance Organization

                           Civil Aviation Authority of the
06 September 2025                                                                                5 September 2026
                           Cayman Island: Approved              CAA of Cayman Islands
September 6, 2025                                                                                September 5, 2026
                           Maintenance Organization




                                                                                                                                  67
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     01

                                       Tanggal Dikeluarkannya
                                                                       Nama Sertifikasi                         Pemberi Sertifikasi          Masa Berlaku
    02                                       Sertifikasi
                                                                         Certification                               Issuer                   Valid Until
                                           Issuance Date
                                                                Civil Aviation Agency Under
   03                                                           the Ministry of Transport of
                                      15 Mei 2023                                                                                     15 Mei 2026
                                                                the Republic of Uzbekistan:                  CAA Uzbekistan
                                      May 15, 2023                                                                                    May 15, 2026
                                                                Approved Maintenance
                                                                Organization
    04                                                          Minister of Land, Infrastructure,
                                      20 Agustus 2025                                                                                 24 Oktober 2027
                                                                Transport and Tourism: Approved              JCAB Japan
                                      August 20, 2025                                                                                 October 24, 2027
                                                                Maintenance Organization
    05                                                          Department of Civil Aviation of
                                      23 April 2024                                                                                   24 April 2026
                                                                Lao PDR: Approved Maintenance                DCA of LAO PDR
                                      April 23, 2024                                                                                  April 24, 2026
                                                                Organization
   06                                 19 November 2024
                                                                Civil Aviation Authority of
                                                                                                                                      18 November 2026
                                                                Bangladesh: Approved                         CAA Bangladesh
                                      November 19, 2024                                                                               November 18, 2026
                                                                Maintenance Organization

                                      01 Oktober 2025           Civil Aviation Authority: Approved                                    31 Agustus 2026
                                                                                                             CAA Philippines
                                      October 01, 2025          Maintenance Organization                                              August 31, 2026

                                                                State Secretariat of Civil Aviation
                                      17 September 2024                                                                               29 Maret 2027
                                                                Kingdom of Cambodia: Approved                SSCA Cambodia
                                      September 17, 2024                                                                              March 29, 2027
                                                                Maintenance Organization

                                                                                                                                      Masa berlaku ditentukan oleh
                                                                C i v i l Av i a t i o n A u t h o r i t y
                                      5 April 2024                                                                                    DGCA Indonesia
                                                                Republic of Moldova: Approved                CAA Moldova
                                      April 5, 2024                                                                                   Expiry date refers to DGCA
                                                                Maintenance Organization
                                                                                                                                      Indonesia

                                                                Ministry of Transpor t and
                                                                                                                                      Masa berlaku ditentukan oleh
                                      25 Maret 2015             Communications of the Republic
                                                                                                             MTCR Belarus             FAA
Profil Perusahaan - Company Profile




                                      March 25, 2015            of Belarus: Approved Recognition
                                                                                                                                      Expiry date refers to FAA
                                                                Statement

                                                                General Department of Ciivil                                          Masa berlaku ditentukan oleh
                                      24 Februari 2011
                                                                Aviation: Approved Maintenance               GDCA Armenia             FAA
                                      February 24, 2011
                                                                Technical Organization                                                Expiry date refers to FAA

                                                                                                                                      Masa berlaku ditentukan oleh
                                      5 Oktober 2022            Civil Aviation Authority: Approved
                                                                                                             San Marino CAA           FAA
                                      October 05, 2022          Maintenance Organization
                                                                                                                                      Expiry date refers to FAA

                                      26 December 2024          Civil Aviation Authority: Approved                                    27 Februari 2027
                                                                                                             CAA Egypt
                                      December 26, 2024         Maintenance Organization                                              February 27, 2027

                                      31 Desember 2025          Civil Aviation Authority: Approved                                    1 November 2027
                                                                                                             CAA Oman
                                      December 31, 2025         Maintenance Organization                                              November 1, 2027




    68
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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                                             Keanggotaan Asosiasi
                                  Membership in Associations [OJK C.5] [GRI 2-28]




Organisasi                                        Deskripsi                                             Posisi GMF
Organization                                     Description                                           GMF Position

               Himpunan dari industri penerbangan yang bergerak dalam bidang perawatan
               pesawat udara Indonesia. Anggota IAMSA merupakan perusahaan/instansi




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
               pemegang sertifikasi AMO (Approved Maintenance Organizations) dari Direktorat
                                                                                                     Anggota (sejak tahun
               Kelaikudaraan dan Pengoperasian Pesawat Udara (DKPPU) Republik Indonesia.
                                                                                                     1990)
               It’s an Indonesian aviation association in the field of aircraft maintenance.
                                                                                                     Member (since 1990)
               IAMSA members are companies/agencies holding AMO (Approved Maintenance
               Organizations) certification from the Directorate General of Civil Aviation (DGCA
   IAMSA       Indonesia) of the Republic of Indonesia.


               ASA merupakan Asosiasi Supplier Part Pesawat. Program ini merupakan program
                                                                                                     Anggota (sejak tahun
               audit 36 bulan guna mematuhi FAA Advisory Circular (AC) 00-56.
                                                                                                     2016)
               ASA is an Aircraft Part Supplier Association. This is a 36-month audit program
                                                                                                     Member (since 2016)
               to comply with the FAA Advisory Circular (AC) 00-56.
    ASA


               AEI merupakan organisasi perusahaan publik atau emiten penerbit saham dan             Anggota (sejak tahun
               obligasi tercatat/listed/terdaftar di Bursa Efek Indonesia.                           2018)
               AEI is an organization for public company or listed issuer of shares and bonds        Member (since 2018)
               registered on the Indonesian Stock Exchange.
    AEI

               ILAC adalah organisasi internasional untuk badan akreditasi yang beroperasi
               sesuai dengan ISO/IEC 17011 dan terlibat dalam akreditasi lembaga penilaian
               kesesuaian. GMF memiliki akreditasi KAN yang merupakan anggota dari ILAC.
               KAN menjalankan akreditasi untuk lembaga sertifikasi, laboratorium, lembaga           Anggota
               inspeksi, dan lainnya, dengan standar ISO/IEC 17011.                                  (sejak tahun 2022)
               ILAC is an international organization for accreditation bodies operating in           Member
               accordance with ISO/IEC 17011 and involved in the accreditation of conformity         (since 2022)
               assessment bodies. GMF holds accreditation from KAN, which is a member of
               ILAC. KAN conducts accreditation for certification bodies, laboratories, inspection
    ILAC       bodies, and others, following the ISO/IEC 17011 standard.




                                                                                                                            69
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     01

                                      Bidang Usaha, Produk dan Jasa, Jaringan Usaha
    02
                                      Business Field, Products and Services, Business Network [OJK C.4, GRI 2-6]

   03


    04


    05


   06
Profil Perusahaan - Company Profile




                                      KEGIATAN USAHA                                                            BUSINESS ACTIVITIES

                                      Kegiatan Usaha Berdasarkan Akta Anggaran Dasar Nomor 2 Tanggal 15 Januari 2025
                                      Pasal 3 Ayat (1) dan Ayat (2)
                                      Business Activities based on Articles of Association Number 2, dated January 15, 2025
                                      Article 3 Paragraph (1) and Paragraph (2)

                                      Kegiatan Usaha Utama
                                      Main Business Activities

                                      Industri pengolahan yaitu menjalankan usaha dalam bidang reparasi      Processing industry, running a business in the fields of aircraft
                                      pesawat terbang; industri pesawat terbang dan perlengkapannya;         maintenance; Industry of aircraft and its equipment; repair of
                                      reparasi motor listrik; generator dan transformator; Reparasi alat     electric motors, generators and transformers; Repair of measuring
                                      ukur, alat uji dan peralatan navigasi dan pengontrol; Reparasi mesin   instruments, test equipment and navigation equipment and controllers;
                                      untuk keperluan umum.                                                  machine repair for general purposes.

                                      Perdagangan besar dan eceran, reparasi dan perawatan mobil dan
                                                                                                             Wholesale and retail, repair and maintenance of cars and motorbikes,
                                      sepeda motor, yaitu menjalankan usaha dalam bidang perdagangan
                                                                                                             running a business in wholesale trade of various kinds of goods;
                                      besar berbagai macam barang; perdagangan besar alat transportasi
                                                                                                             wholesale trade in air transportation equipment, spare parts and
                                      udara; suku cadang dan perlengkapannya; Perdagangan besar
                                                                                                             equipment; wholesale trade of electronic parts; wholesale of
                                      suku cadang elektronik; Perdagangan besar mesin, peralatan dan
                                                                                                             machinery, tools and equipment.
                                      perlengkapannya.

                                      Pengangkutan dan pergudangan yaitu menjalankan usaha dalam             Transportation and warehousing, running a business in warehousing
                                      bidang pergudangan dan penyimpanan; aktivitas bounded                  and transportation; warehousing and storage; bounded warehousing
                                      warehousing atau wilayah Kawasan berikat; angkutan multimoda;          activities or bonded areas; multimodal transport; airport activities;
                                      aktivitas kebandarudaraan; jasa pengurusan transportasi (JPT).         transportation management services (JPT).

                                      Aktivitas profesional, ilmiah dan teknis, yaitu menjalankan usaha      Professional, scientific, and technical activities in engineering services
                                      dalam bidang aktivitas konsultasi transportasi; penelitian dan         including but not limited to transportation consultation; technology
                                      pengembangan teknologi dan rekayasa; jasa inspeksi periodic;           and engineering research and development; periodic inspection
                                      jasa kalibrasi atau metrology.                                         services; calibration or metrology services;




     70
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                                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
Kegiatan Usaha Berdasarkan Akta Anggaran Dasar Nomor 2 Tanggal 15 Januari 2025
Pasal 3 Ayat (1) dan Ayat (2)
Business Activities based on Articles of Association Number 2, dated January 15, 2025
Article 3 Paragraph (1) and Paragraph (2)

Kegiatan Usaha Utama
Main Business Activities

Aktivitas penyewaan dan sewa guna usaha tanpa hak opsi,              Leasing without option rights, employment, travel agents and other
ketenagakerjaan, agen perjalanan dan penunjang usaha lainnya,        supporting activities, running a business in the service sector,
yaitu menjalankan usaha dalam bidang aktivitas penyewaan dan         especially leasing services and leasing without options for engines,
sewa guna usaha tanpa hak opsi mesin, peralatan dan barang           equipment and other tangible goods that cannot be classified
berwujud lainnya yang tidak dapat diklasifikasikan di tempat lain.   elsewhere.

Pendidikan, yaitu menjalankan usaha dalam bidang Pendidikan
                                                                     Education, namely running a business in the field of private education
swasta.

Kegiatan Usaha Penunjang
Supporting Business Activities




                                                                                                                                              Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Melakukan penyediaan jasa konsultan dan tenaga ahli di bidang        Providing consultation services and experts in aircraft, component,
perawatan pesawat udara, komponen, dan mesin termasuk namun          and engine maintenance, including but not limited to transportation
tidak terbatas pada aktivitas konsultasi transportasi.               consulting.

Melakukan pelatihan di luar dari sebagaimana disebut dalam ayat      Conduct training other than those referred to in paragraph 2 letter f
2 huruf f pasal yang terdapat di Anggaran Dasar Pasal 3.             of this Articles of Association Article 3.


PRODUK DAN JASA                                                        PRODUCTS AND SERVICES

GMF mengelompokkan jenis usahanya ke dalam dua                         GMF has two operations segments, including (1)
segmen yaitu (1) Reparasi dan Overhaul , dan (2)                       Reparation and Overhaul, and (2) Maintenance.
Perawatan.


Reparasi dan Overhaul
Reparation and Overhaul

                        GMF memiliki empat hangar untuk melakukan:                GMF owns four hangars to perform:
                        • Heavy check rutin;                                      • Routine heavy checks;
                        • Modifikasi besar;                                       • Major modifications;
                        • Pengecatan eksterior pesawat;                           • Aircraft exterior painting;
                        • Finishing dekoratif, cabin refurbishment and            • Decorative finishing, cabin refurbishment and
                          reconfiguration, perbaikan struktur besar;                reconfiguration, extensive structural repairs;
Airframe                • Perawatan dan overhaul pesawat.                         • Aircraft maintenance and overhaul.

                            Jenis pesawat yang telah mendapatkan                      The types of aircraft that have been certified
                            sertifikasi (DKPPU, FAA, EASA, CAA UK, CASA):             (DKPPU, FAA, EASA, CAA UK, CASA):

                            A320, A320NEO, A330, A330NEO, B737CL,                     A320, A320NEO, A330, A330NEO, B737CL,
                            B737NG, B737MAX, B747, B777, CRJ1000, ATR72.              B737NG, B737MAX, B747, B777, CRJ1000, ATR72.

                        GMF memiliki Engine Workshop & Engine and APU Test        GMF owns Engine Workshop and Engine & APU Test Cell
                        Cell untuk merawat mesin pesawat dan Auxilliary Power     to perform aircraft engine maintenance and Auxiliary
                        Unit (APU) seperti:                                       Power Units (APUs) such as:
                        • Mesin CFM56-3 dan APU GTCP 85 yang terpasang            • The CFM56-3 and GTCP 85 APU engine type on
                             di pesawat seri B737CL;                                  the B737CL series aircraft;
                        • Mesin CFM56-7 dan APU GTCP131-9B yang                   • The CFM56-7 and GTCP131 APU 9B engine type
Engine
                             terpasang di pesawat seri B737NG;                        on the B737NG series aircraft;
                        • Mesin CFM56-5 dan APU GTCP131-9A yang                   • The CFM56-5 and GTCP131-9A APU engines on
                             terpasang di pesawat seri A320;                          A320;
                        • Mesin PW100 yang terpasang di pesawat ATR               • The PW100 engine on the ATR 42/72 aircraft;
                             42/72;                                               • The APU GTCP331-350 series for A330 aircraft.
                        • APU GTCP331-350 untuk pesawat seri A330.




                                                                                                                                              71
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     01
                                      Reparasi dan Overhaul
                                      Reparation and Overhaul
    02
                                                           Unit layanan Component dapat melakukan repair and            The Component Services Unit capabilities include
                                                           overhaul untuk instrumen pesawat, kontrol elektronik,        repair and overhauls for aircraft instruments, electronic
                                                           radar dan navigasi, flight data recorders dan gyros, serta   controls, radars and navigation, flight data recorders and
   03                                                      Wheel Brake & Landing Gear. GMF juga dapat menjaga           gyros, and Wheel Brake & Landing Gear. GMF can also
                                                           ketersediaan pasokan material untuk pelanggan melalui        maintain the availability of material supply for customers
                                                           layanan component pooling.                                   through component pooling services.
    04                                                     GMF memiliki sejumlah workshop: Avionics Workshop,           GMF has several workshops such as Avionics Workshop,
                                                           Electro Mechanical and Oxygen Workshop, Wheel                Electro Mechanical and Oxygen Workshop, Wheel
                                                           Brake & Landing Gear Workshop, serta Calibration and         Brake & Landing Gear Workshop, Calibration and Non
                                      Component
                                                           Non-Destructive Test (NDT) Workshop. GMF dapat               Destructive Test (NDT) Workshop. GMF can offer
    05                                                     melakukan perawatan komponen untuk pesawat seri              component maintenance for B737, B747, A320, A330,
                                                           B737, B747, A320, A330, B777, CRJ1000, dan ATR72.            B777, CRJ1000, and ATR72 series aircraft.

   06                                                      Workshop dan laboratorium GMF dilengkapi dengan              GMF's workshops and laboratories are equipped with
                                                           peralatan testing, termasuk ATEC (Automatic Test             high-tech testing equipment including ATEC (Automatic
                                                           Equipment Complex), IRIS (Integrated Radio Instrument        Test Equipment Complex), IRIS (Integrated Radio
                                                           System ), INS (Inertial Navigation System) , IDG             Instrument System), INS (Inertial Navigation System),
                                                           (Integrated Drive Generator) dan Universal Testing           IDG (Integrated Drive Generator), and Universal Testing
                                                           Equipments.                                                  Equipments.

                                                           Pada Segmen Military & Defense, Perseroan telah              In Military & Defense, the Company has owned and are
                                                           dan sedang mengembangkan beberapa produk yang                developing several products that cover Airframe, Engine,
                                                           mencakup kategori Airframe, Engine, Component serta          Component, and other Supporting Products/Services.
                                                           Produk/Layanan Pendukungnya.

                                                           Beberapa produk/layanan segmen Military & Defense            The main products/services in Military & Defense are
                                                           yang menjadi prioritas di antaranya adalah kapabilitas       maintaining and modifying C130H, C130J maintenance,
                                                           untuk perawatan dan modifikasi C130H, perawatan              MRTT Conversion, T56 Engine Overhaul, aircraft and
                                      Military & Defense   C130J, T56 Engine Overhaul, serta perawatan pesawat          engine maintenance for fighter aircraft. The Company’s
                                                           dan mesin untuk fighter aircraft dengan melihat              products/services include maintenance and modification
                                                           perkembangan dari peluang pasar. Sementara itu,              of Boeing Business Jet, Overhaul Engine CFM56-3
Profil Perusahaan - Company Profile




                                                           produk/layanan yang dimiliki oleh Perusahaan saat            operated by military/state institutions, Overhaul APU
                                                           ini antara lain mencakup perawatan dan modifikasi            GTCP 85, manufacturing and maintenance of several
                                                           Boeing Business Jet, Overhaul Engine CFM56-3 yang            types of Ground Support Equipment.
                                                           dioperasikan oleh institusi militer/kenegaraan, Overhaul
                                                           APU GTCP 85, serta manufaktur dan perawatan untuk
                                                           beberapa jenis Ground Support Equipment.

                                      Perawatan
                                      Maintenance

                                                           Line Maintenance dapat dipergunakan untuk                    Line Maintenance can be used for domestic and
                                                           penerbangan domestik dan internasional di Bandar             international flights at Soekarno-Hatta Airport.
                                                           Udara Soekarno Hatta.

                                                           Line Maintenance menangani perawatan pesawat                 Line Maintenance handles aircraft maintenance such
                                                           seperti Pre-Flight Check, Transit Check, Daily Check,        as Pre-Flight Check, Transit Check, Daily Check, A
                                                           A Check (perawatan sampai dengan 600 jam terbang),           Check (maintenance up to 600 flight hours), and other
                                                           serta berbagai jenis perawatan lainnya.                      maintenance types.

                                                           GMF dapat melakukan perawatan ringan pada pesawat            GMF can perform light maintenance on B737, B737MAX,
                                      Line Maintenance
                                                           seri B737, B737MAX, B747, B777, B787, A320, A320NEO,         B747, B777, B787, A320, A320NEO, A330, A330NEO,
                                      & Technical Ground
                                                           A330, A330NEO, A350, CRJ1000, dan ATR72. GMF juga            A350, CRJ1000, and ATR72 series. GMF also handles
                                      Handling
                                                           menangani layanan overnight transit dan Emergency            overnight transit and emergency AOG (Aircraft on
                                                           AOG (Aircraft on Ground).                                    Ground) services.

                                                           GMF juga memiliki fasilitas MCC (Maintenance Control         GMF also has the MCC (Maintenance Control Center)
                                                           Center ) untuk memantau operasional perawatan                facility to monitor aircraft maintenance operations to
                                                           pesawat udara guna mengurangi perawatan yang tidak           reduce unscheduled maintenance and technical delays.
                                                           terjadwal dan keterlambatan teknis.

                                                           Line Maintenance GMF didukung oleh 69 line station           Line Maintenance has the support of 69 line stations
                                                           di seluruh Indonesia.                                        throughout Indonesia.




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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth




                                                                                                                                                     73
                                                                                            Halaman Sengaja Dikosongkan
                                                                                                                     Page Intentionally Left Blank
Page 74
     01

                                      Wilayah Operasional
    02
                                      Operational Area

   03


    04
                                      GMF merupakan perusahaan penyedia jasa perawatan dan perbaikan pesawat terintegrasi dengan area pelayanan
                                      di lebih dari 50 Outstation Line Maintenance Domestik. Sampai dengan akhir tahun 2025, GMF melayani pelanggan
    05                                di berbagai belahan dunia meliputi 5 (lima) benua dan lebih dari 70 negara.

                                                                  BTJ
   06                                                   SBG
                                                                        LSW                 TNJ
                                                                              KNO     BTH                                                                             TRK
                                                                                DTB                                           PNK          PSU       PKY
                                                  MEQ
                                                                                        PKU                                          SQG                             BEJ
                                                  FLZ
                                                          GNS


                                                                                                           PGK
                                                                                                                       TJQ
                                                                PDG
Profil Perusahaan - Company Profile




                                                                DJB
                                                                PLM

                                                                                 BKS
                                                                                                                 CGK          KTG
                                                                                                                                                         BDJ
                                                                                 TKG                                                 SRG
                                                                                                                                                   SUB


                                                                                                         HLP
                                                                                                                   BDO
                                                                                                                             JOG
                                                                                                                               SOC
                                                                                                                                      MLG        JBB BWX       DPS
                                                                                                                                                                       SWQ



                                      Perubahan Signifikan
                                      Significant Changes [OJK C.6]


                                      Pada tahun 2025, pada pelaksanaan RUPSLB tanggal            In 2025, during the EGMS on October 24, 2025, the
                                      24 Oktober 2025, pemegang saham telah menyetujui            shareholders approved the implementation of the Capital
                                      pelaksanaan Penambahan Modal dengan Hak Memesan             Increase with Pre-emptive Rights II (PMHMETD II) or
                                      Efek Terlebih Dahulu II (PMHMETD II) atau Rights Issue      Rights Issue, which has finished to be executed on
                                      yang pelaksanaannya selesai pada tanggal 29 Januari         January 29, 2026.
                                      2026.




      74
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                                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                    GMF is a company that provides an integrated aircraft maintenance and repair in more than 50 Domestic Outstation
                    Line Maintenance. Until the end of 2025, GMF has been serving its customers worldwide in 5 (five) major continents
                    in more than 70 countries.




                                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                MDC         TTE
                              MDC                                 KAU
                                                                                SOQ         MKW         BKI
       PLW
                               LUW
                                                                                                                            DJJ




                                    KDI
                                      PUM

                                          TQQ         LAH
                                                                        AMQ
            LWU               BUW
 UPG                    RAQ


                                                                                      KNG
                                                                                                  NBX

                                                                              LUV                             TIM
      LBJ
                         MOF
                  ENE
TMC
                                    KOE                             SXK                                               MKQ




                    Pelaksanaan PMHMETD II dilakukan dalam rangka                                  The implementation of the PMHMETD II is carried out
                    inbreng aset dari PT Angkasa Pura Indonesia kepada                             as part of the asset injection from PT Angkasa Pura
                    GMF. Pelaksanaan PMHMETD tercatat dalam Laporan                                Indonesia to GMF. The PMHMETD II has been recorded in
                    Keuangan untuk tahun yang berakhir pada 31 Desember                            the Financial Statements for the year ending December
                    2025 pada Laporan Posisi Keuangan bagian Ekuitas                               31, 2025, in the Financial Position, Equity section, with
                    dengan dicatatkan pada “Modal Saham” dan “Modal                                an addition to the “advance for share capital”.
                    Ditempatkan dan Disetor”.



                                                                                                                                                               75
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     01

                                      Struktur Organisasi
    02
                                      Organization Structure

   03


    04
                                      Pada tahun 2025, GMF menggunakan Struktur              In 2025, GMF used the Parent Organization Structure
                                      Organisasi Induk yang telah ditetapkan berdasarkan     which has been stipulated based on President Director’s
    05                                Surat Keputusan Direktur Utama No. DT/SKEP-5015/25     Decree No. DT/SKEP-5015/25 dated June 20, 2025,
                                      tanggal 20 Juni 2025 tentang Organisasi Induk PT       concerning the Parent Organization of PT Garuda
                                      Garuda Maintenance Facility Aero Asia Tbk.             Maintenance Facility Aero Asia Tbk.
   06
                                                                              Struktur Organisasi Induk
                                                                            Parent Organizational Structure
                                                                     PT Garuda Maintenance Facility Aero Asia Tbk




                                                                                             Direktur Utama
                                                                                                  CEO
                                                                                             Andi Fahrurrozi
Profil Perusahaan - Company Profile




                                         SBU Defense Industry
                                             Group Head
                                       Rajesh Ferdinand Kusuma
                                                                               Direktur Keuangan                     Direktur Line Operation
                                                                               Director of Finance                  Director of Line Operation
                                                                                   Tri Hartono                          Endang Tardiana
                                        Risk Management Group
                                                 Head
                                             Santi Agustina
                                                                            Financial & Management                  Line Maintenance Group
                                                                            Accounting Group Head                             Head
                                                                                Endang Darajat                         Tri Handokoyudho


                                                                             Treasury Management                      Maintenance Planning
                                                                                   Group Head                              Group Head
                                                                                 Indra Prabowo                        Oki Agung Setiyanto


                                                                                                                      Engineering Services
                                                                                                                          Group Head
                                                                                                                    Andriyono Novan Hartoko


                                                                                                                      Material & Logistic
                                                                                                                     Services Group Head
                                                                                                                     Desrianto Adi Prayogi


                                                                                                                      Cabin Line Services
                                                                                                                         Group Head
                                                                                                                        Diahyani Putri


     76
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                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                    Direktur
                                 Board of Directors


                                                            Quality Assurance &
                                                            Safety Group Head
                                                            Rachmad Handono



                                                          Internal Audit Group Head
                                                               Deddy Fezantino
                               Direktur Sumber Daya
 Direktur Base Management
                                       Manusia
Director of Base Management
                              Director of Human Capital    Corporate Strategy &
   Bobi Gumelar Raspati
                                    Mitra Piranti          Digital Transformation
                                                                Group Head
                                                          R. Rendy Purwidyaputra

    Wide Body Base                Human Capital
Maintenance Group Head        Management Group Head          Sales & Marketing
    Sony Mardiana                 Lia Yuanawati                 Group Head
                                                              Asep Mulyana

   Narrow Body Base            General Affairs & HSE
Maintenance Group Head              Group Head             Corporate Secretary &
Wayan Winten Adnyano            Eldira Umar Ali Zain         Legal Group Head
                                                             Rian Fajar Isnaeni

     Engine Services
       Group Head
      Zarul Fuziono                                        Instruction Line
                                                           Coordination Line
Component Maintenance &
Specialized Services Group
           Head
        Suhartono

    Aircraft Support &
Industrial Solutions Group
           Head
    R. Suryo Hardiono
                                                                                      77
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     01

                                      Perubahan Komposisi Dewan Komisaris dan Direksi
    02
                                      Changes in the Composition of the Board of Commissioners and Board of
                                      Directors
   03


    04
                                      Berikut disampaikan perubahan komposisi Dewan                                          The following information presents changes in the
                                      Komisaris dan Direksi sepanjang tahun 2025, beserta                                    composition of the Board of Commissioners and the
    05                                komposisi yang berlaku saat Laporan Terintegrasi ini                                   Board of Directors during 2025 and as of April 30, 2026,
                                      dipublikasikan per 30 April 2026.                                                      the publication date of this Integrated Report.

   06                                 Profil masing-masing Komisaris dan Direksi yang                                        The profile of each Commissioner and Director in
                                      menjabat per 30 April 2026 disampaikan di Profil Dewan                                 position as of April 30, 2026 is available in the Board
                                      Komisaris dan Profil Direksi.                                                          of Commissioner’s Profile and Board of Director’s Profile.


                                                                         1 Januari                                               5 Juni 2025-                                  31 Desember
                                                                       2025-5 Juni                                              31 Desember                                    2025-30 April
                                              Jabatan                      2025                         Jabatan                      2025                      Jabatan             2026
                                              Position                  January 1,                      Position                June 5, 2025 -                 Position        December 31,
                                                                       2025-June 5,                                             December 31,                                   2025-April 30,
                                                                           2025                                                      2025                                          2026
                                       Dewan Komisaris
                                       Board of Commissioners
                                                                                                                                                          Komisaris Utama/
                                       Komisaris Utama                                         Komisaris Utama                                            Independen
Profil Perusahaan - Company Profile




                                       President                      Dharmadi                 President                       Oki Yanuar                 President/          Oki Yanuar
                                       Commissioner                                            Commissioner                                               Independent
                                                                                                                                                          Commissioner
                                                                                                                                                          Komisaris
                                       Komisaris Independen                                    Komisaris Independen
                                                                                                                                                          Independen
                                       Independent                    Ali Gunawan              Independent                     Dean Arslan                                    Dean Arslan
                                                                                                                                                          Independent
                                       Commissioner                                            Commissioner
                                                                                                                                                          Commissioner
                                       Komisaris Independen                                    Komisaris Independen
                                                                                                                               Giring Ganesha             Komisaris           Giring Ganesha
                                       Independent                    Abhan                    Independent
                                                                                                                               Djumaryo                   Commissioner        Djumaryo
                                       Commissioner                                            Commissioner
                                       Komisaris                                               Komisaris                                                  Komisaris
                                                                      Rahmat Hanafi                                            Sugiharto Prapto                               Sugiharto Prapto
                                       Commissioner                                            Commissioner                                               Commissioner
                                       Komisaris                                               Komisaris
                                                                      Agit Atriantio
                                       Commissioner                                            Commissioner
                                       Direksi
                                       Board of Directors
                                       Direktur Utama                 Andi Fahrurrozi          Direktur Utama                  Andi Fahrurrozi            Direktur Utama      Andi Fahrurrozi
                                       CEO                                                     CEO                                                        CEO
                                       Direktur Base                                           Direktur Base                                              Direktur Base
                                       Operation                      Irvan Pribadi            Management                      Bobi Gumelar               Management          Bobi Gumelar
                                       Director of Base                                        Director of Base                Raspati                    Director of Base    Raspati
                                       Operations                                              Management                                                 Management
                                       Direktur Human Capital
                                                                                               Direktur Sumber Daya                                       Direktur Sumber
                                       & Corporate Affairs
                                                                      Pudjo Sarwoko            Manusia                                                    Daya Manusia
                                       Director of Human                                                                       Mitra Piranti                                  Mitra Piranti
                                                                                               Director of Human                                          Director of Human
                                       Capital & Corporate
                                                                                               Capital                                                    Capital
                                       Affairs
                                                                                                                                                          Direktur Keuangan
                                       Direktur Keuangan              Salusra Satria           Direktur Keuangan
                                                                                                                               Tri Hartono                Director of         Tri Hartono
                                       Director of Finance                                     Director of Finance
                                                                                                                                                          Finance
                                                                                               Direktur Line                                              Direktur Line
                                       Direktur Line Operation
                                                                      Mukhtaris                Operation                                                  Operation
                                       Director of Line                                                                        Endang Tardiana*                               Endang Tardiana
                                                                                               Director of Line                                           Director of Line
                                       Operation
                                                                                               Operation                                                  Operation
                                      Catatan:
                                      *Endang Tardiana diangkat melalui Rapat Umum Pemegang Saham Luar Biasa (“RUPSLB”) 26 September 2025.
                                      Endang Tardiana was appointed based on the Extraordinary General Meeting of Shareholders (“EGM”) dated September 26, 2025.




     78
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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                    Profil Dewan Komisaris
                                                                     Board of Commissioners’ Profile




                                                                                 Kewarganegaraan
                                                                                 Citizenship

  Oki
                                                                                 Indonesia




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
  Yanuar                                                                         Tempat Tanggal Lahir
                                                                                 Place of Birth and Date
                                                                                 Ternate, 27 Januari 1967
                                                                                 Ternate on January 27, 1967

  Komisaris Utama/                                                               Umur
  Independen                                                                     Age
                                                                                 58 tahun per 31 Desember 2025
  President/Independent                                                          58 as of December 31, 2025
  Commissioner


              Dasar Hukum Penunjukan
              Legal Basis of Appointment

Diangkat sebagai Komisaris Utama/Independen                 Appointed as President Commissioner/Independent
berdasarkan Keputusan RUPS Tahunan pada tanggal 5 Juni      Commissioner based on the resolution of the Annual GMS
2025 dan dinyatakan dalam Akta No. 5 tanggal 5 Juni 2025    on June 5, 2025, as stated in Deed No. 5 dated June 5,
yang dibuat di hadapan Shanti Indah Lestari, S.H., M.Kn.,   2025, drawn up before Shanti Indah Lestari, S.H., M.Kn.,
Notaris di Kabupaten Tangerang. Jabatan ini merupakan       Notary in Tangerang Regency. This position represents his
periode pertama dalam jajaran Dewan Komisaris GMF.          first term on the Board of Commissioners of GMF.




              Latar Belakang Pendidikan
              Educational Background


• Akademi Militer (1988)                                    • Military Academy (1988)
• Sekolah Komando Kesatuan Angkasa Udara (1999)             • Air Force Unit Command School (1999)
• Sekolah Staf & Komando Angkatan Udara (2004)              • Air Force Staff and Command School (2004)




              Jabatan Rangkap
              Concurrent Positions

Beliau tidak merangkap jabatan di luar GMF.                 He holds no concurrent positions outside GMF.




               Hubungan Afiliasi & Kepemilikan Saham GMF
               Affiliation Relationship & Ownership of GMF Shares

Beliau tidak memiliki saham GMF dan tidak memiliki          He holds no shares in GMF and has no affiliation with other
hubungan afiliasi dengan anggota Dewan Komisaris dan        members of the Board of Commissioners or the Board of
Direksi lainnya, ataupun dengan pemegang saham utama,       Directors, nor with the controlling shareholder, Garuda
Garuda Indonesia.                                           Indonesia.




                                                                                                                          79
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     01

                                                    Latar Belakang Profesi & Penugasan
    02                                              Professional Background & Assignments

                                      • Komisaris Utama PT Garuda Maintenance Facility Aero       • President Commissioner of PT Garuda Maintenance
   03                                   Asia Tbk (2025-sekarang)                                    Facility Aero Asia Tbk (2025-Present)
                                      • Komisaris PT Dirgantara Indonesia (2024-2025)             • Commissioner of PT Dirgantara Indonesia (2024-2025)
                                      • Dankoharmatau Angkatan Udara Tentara Nasional             • Dankoharmatau, Indonesian Air Force (2023-2024)
                                        Indonesia (2023-2024)
    04                                • Waaslog Kasau Slogau Angkatan Udara Tentara Nasional      • Waaslog Kasau Slogau, Indonesian Air Force (2022-
                                        Indonesia (2022-2023)                                       2023)
                                      • Kadisaeroau Angkatan Udara Tentara Nasional Indonesia     • Kadisaeroau, Indonesian Air Force (2021-2022)
                                        (2021-2022)
    05                                • Kadislitbangau Iptekhan Balitbang Kementerian             • Kadislitbangau, Defense Science and Technology Research
                                        Pertahanan (2021-2022)                                      and Development Agency, Ministry of Defense (2021-2022)
                                      • Kapuslitbang Iptekhan Balitbang Kementerian               • Kapuslitbang Iptekhan, Research and Development
                                        Pertahanan (2020-2021)                                      Agency, Ministry of Defense (2020-2021)
   06                                 • Kabid Daya Tempur Puslitbang Iptekhan Balitbang           • Kabid Daya Tempur Puslitbang Iptekhan, Research and
                                        Kementerian Pertahanan (2019-2020)                          Development Agency, Ministry of Defense (2019-2020)
                                      • Kadisrendalhar Depohar 30 Abd Angkatan Udara              • Kadisrendalhar, Depohar 30 Abd, Indonesian Air Force
                                        Indonesia (2009-2019)                                       (2009-2019)
                                      • Kasi Hawk Mk – 109/209 Subdispespur Disaeroau             • Kasi Hawk Mk–109/209 Subdispespur, Disaeroau,
                                        Angkatan Udara Tentara Nasional Indonesia (2007-2009)       Indonesian Air Force (2007-2009)
                                      • Kasi Hawk Mk – 53/109/209 Disaeroau Angkatan Udara        • Disaeroau, Indonesian Air Force (2005-2007)
                                        Tentara Nasional Indonesia (2005-2007)
                                      • Dansathar 32 Sepohar 30 Angkatan Udara Tentara            • Dansathar 32, Sepohar 30, Indonesian Air Force (2004-
                                        Nasional Indonesia (2004-2005)                              2005)
                                      • Kasubdit Engaero Diteng Koharmatu Angkatan Udara          • Kasubdit Engaero, Directorate of Engineering,
                                        Tentara Nasional Indonesia (2002-2004)                      Koharmatu, Indonesian Air Force (2002-2004)
                                      • Kasubdit Engpulsi Diteng Koharmatau Angkatan Udara        • Kasubdit Engpulsi, Directorate of Engineering,
                                        Tentara Nasional Indonesia (2001-2002)                      Koharmatau, Indonesian Air Force (2001-2002)
                                      • Kasi Jet Engine Subdis Propulsi Diteng K Angkatan Udara   • Kasi Jet Engine Subdis Propulsi, Directorate of
                                        Tentara Nasional Indonesia (1999-2001)                      Engineering, Indonesian Air Force (1999-2001)
                                      • Kaurdal Skadud 4 Lanud Abd Angkatan Udara Tentara         • Kaurdal, Skadud 4, Lanud Abd, Indonesian Air Force
                                        Nasional Indonesia (1997-1999)                              (1997-1999)
Profil Perusahaan - Company Profile




                                      • Kapok Penyiap FI Har Skadud 4 Lanud Abd Angkatan          • Kapok Penyiap FI Har, Skadud 4, Lanud Abd, Indonesian
                                        Udara Tentara Nasional Indonesia (1994-1997)                Air Force (1994-1997)
                                      • Anggota Flight Har Skadud 4 Lanud Abd Angkatan Udara      • Member of Flight Har, Skadud 4, Lanud Abd, Indonesian
                                        Tentara Nasional Indonesia (1989-1994)                      Air Force (1989-1994)




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                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    Kewarganegaraan
                                                                                    Citizenship

 Dean                                                                               Indonesia

                                                                                    Tempat Tanggal Lahir
 Arslan                                                                             Place of Birth and Date
                                                                                    Pontianak, 2 Juli 1953
                                                                                    Pontianak on July 2, 1953


 Komisaris Independen                                                               Umur
 Independent Commissioner                                                           Age
                                                                                    72 tahun per 31 Desember 2025
                                                                                    72 as of December 31, 2025




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
               Dasar Hukum Penunjukan
               Legal Basis of Appointment

Diangkat sebagai Komisaris Independen berdasarkan              Appointed as Independent Commissioner based on the
Keputusan RUPS Tahunan pada tanggal 5 Juni 2025 dan            resolution of the Annual GMS on June 5, 2025, as stated
dinyatakan dalam Akta No. 5 tanggal 5 Juni 2025 yang           in Deed No. 5 dated June 5, 2025, drawn up before Shanti
dibuat di hadapan Shanti Indah Lestari, S.H., M.Kn., Notaris   Indah Lestari, S.H., M.Kn., Notary in Tangerang Regency.
di Kabupaten Tangerang. Jabatan ini merupakan periode          This position represents his first term on the Board of
pertama dalam jajaran Dewan Komisaris GMF.                     Commissioners of GMF.



               Latar Belakang Pendidikan
               Educational Background


• Master of Science in Management, Arthur D. Little            • Master’s degree in Management, Arthur D. Little
  Management Education Institute, Massachusetts, AS              Management Education Institute, Massachusetts, USA
  (1984)                                                         (1984)
• Sarjana Ekonomi (Akuntansi), Universitas Indonesia           • Bachelor’s degree in Economics (Accounting), University
  (1980)                                                         of Indonesia (1980)



               Latar Belakang Profesi & Penugasan
               Professional Background & Assignments


• Komisaris Independen PT Inti Keramik Alamasri                • Independent Commissioner of PT Inti Keramik Alamasri
  (2021-sekarang)                                                (2021-present)
• Komisaris Independen PT Indofarma (Persero) Tbk              • Independent Commissioner of PT Indofarma (Persero)
  (2021-2025)                                                    Tbk (2021-2025)
• Komisaris Utama PT Len Industri (Persero)                    • President Commissioner of PT Len Industri (Persero)
• Ketua Komite Audit PT Inti Keramik Alamasri (2021)           • Audit Committee Chairman at PT Inti Keramik Alamasri (2021)
• Penasihat OSO Group (2011-2018)                              • Advisor at OSO Group (2011-2018)




               Jabatan Rangkap
               Concurrent Positions

Komisaris Independen PT Inti Keramik Alamasri                  Independent Commissioner of PT Inti Keramik Alamasri
(2021-sekarang)                                                (2021-present)




                Hubungan Afiliasi & Kepemilikan Saham GMF
                Affiliation Relationship & Ownership of GMF Shares

Beliau tidak memiliki saham GMF dan tidak memiliki             He holds no shares in GMF and has no affiliation with other
hubungan afiliasi dengan anggota Dewan Komisaris dan           members of the Board of Commissioners or the Board of
Direksi lainnya, ataupun dengan pemegang saham utama,          Directors, nor with the controlling shareholder, Garuda
Garuda Indonesia.                                              Indonesia.




                                                                                                                               81
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    02
                                                                                                                       Kewarganegaraan
                                                                                                                       Citizenship
   03
                                       Giring                                                                          Indonesia




    04
                                       Ganesha                                                                         Tempat Tanggal Lahir
                                                                                                                       Place of Birth and Date

                                       Djumaryo                                                                        Jakarta, 14 Juli 1983
                                                                                                                       Jakarta on July 14, 1983

                                       Komisaris                                                                       Umur
    05                                 Commissioner                                                                    Age
                                                                                                                       42 tahun per 31 Desember 2025
                                                                                                                       42 as of December 31, 2025

   06

                                                    Dasar Hukum Penunjukan
                                                    Legal Basis of Appointment

                                      Diangkat sebagai Komisaris berdasarkan Keputusan RUPS       Appointed as Commissioner based on the resolution of
                                      Tahunan pada tanggal 5 Juni 2025 dan dinyatakan dalam       the Annual GMS on June 5, 2025, as stated in Deed No. 5
                                      Akta No. 5 tanggal 5 Juni 2025 yang dibuat di hadapan       dated June 5, 2025, drawn up before Shanti Indah Lestari,
                                      Shanti Indah Lestari, S.H., M.Kn., Notaris di Kabupaten     S.H., M.Kn., Notary in Tangerang Regency. This position
                                      Tangerang. Jabatan ini merupakan periode pertama dalam      represents his first term on the Board of Commissioners of
                                      jajaran Dewan Komisaris GMF.                                GMF.



                                                    Latar Belakang Pendidikan
                                                    Educational Background
Profil Perusahaan - Company Profile




                                      Sarjana Ilmu Komunikasi, Universitas Terbuka (2023)         Bachelor’s degree in Communication Science, Universitas
                                                                                                  Terbuka (2023)




                                                    Latar Belakang Profesi & Penugasan
                                                    Professional Background & Assignments


                                      • Wakil Menteri Kebudayaan Republik Indonesia               • Deputy Minister of Culture of the Republic of Indonesia
                                        (2024-sekarang)                                             (2024-present)
                                      • Pendiri dan CEO Kincir (2013-2018)                        • Founder & CEO of Kincir (2013-2018)
                                      • Musisi (2002-2017)                                        • Musician (2002-2017)




                                                    Jabatan Rangkap
                                                    Concurrent Positions

                                      Wakil Menteri Kebudayaan Republik Indonesia                 Deputy Minister of Culture of the Republic of Indonesia
                                      (2024-sekarang)                                             (2024-present)




                                                     Hubungan Afiliasi & Kepemilikan Saham GMF
                                                     Affiliation Relationship & Ownership of GMF Shares

                                      Beliau tidak memiliki saham GMF dan tidak memiliki          He holds no shares in GMF and has no affiliation with other
                                      hubungan afiliasi dengan anggota Dewan Komisaris dan        members of the Board of Commissioners or the Board of
                                      Direksi lainnya, ataupun dengan pemegang saham utama,       Directors, nor with the controlling shareholder, Garuda
                                      Garuda Indonesia.                                           Indonesia.




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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                 Kewarganegaraan
                                                                                 Citizenship

 Sugiharto                                                                       Indonesia



 Prapto                                                                          Tempat Tanggal Lahir
                                                                                 Place of Birth and Date
                                                                                 Pasuruan, 31 Januari 1967
                                                                                 Pasuruan on January 31, 1967

 Komisaris                                                                       Umur
 Commissioner                                                                    Age
                                                                                 58 tahun per 31 Desember 2025
                                                                                 58 as of December 31, 2025




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
               Dasar Hukum Penunjukan
               Legal Basis of Appointment

Diangkat sebagai Komisaris berdasarkan Keputusan            Appointed as Commissioner based on the resolution of
RUPS Luar Biasa pada tanggal 26 September 2025 dan          the Extraordinary GMS on September 26, 2025, as stated
dinyatakan dalam Akta No. 6 tanggal 26 September 2025       in Deed No. 6 dated September 6, 2025, drawn up before
yang dibuat di hadapan Shanti Indah Lestari, S.H., M.Kn.,   Shanti Indah Lestari, S.H., M.Kn., Notary in Tangerang
Notaris di Kabupaten Tangerang. Jabatan ini merupakan       Regency. This position represents his first term on the
periode pertama dalam jajaran Dewan Komisaris GMF.          Board of Commissioners of GMF.



               Latar Belakang Pendidikan
               Educational Background


• Akademi Militer (1989)                                    • Military Academy (1989)
• Sekolah Komando Kesatuan Angkatan Udara (1998)            • Air Force Command and Staff College (1998)
• STIAMI (2002)                                             • STIAMI (2002)
• Sekolah Staf dan Komando Angkatan Udara (2003)            • Air Force Command and Staff College (2003)
• Sekolah Staf dan Komando Tentara Nasional Indonesia       • Indonesian National Armed Forces Command and Staff
  (2012)                                                      College (2012)



              Latar Belakang Profesi & Penugasan
              Professional Background & Assignments


• Komisaris PT Garuda Maintenance Facility Aero Asia Tbk    • Commissioner of PT Garuda Maintenance Facility Aero
  (2025-sekarang)                                             Asia Tbk (2025-Present)
• Staf Ahli Menteri Pertahanan Bidang Sosial Kementerian    • Special Advisor to the Minister of Defense for Social
  Pertahanan Republik Indonesia (2024-2025)                   Affairs, Ministry of Defense of the Republic of Indonesia
                                                              (2024-2025)
• Sekretaris Inspektorat Jenderal Inspektorat Jenderal      • Secretary of the Inspectorate General, Inspectorate
  Kementerian Pertahanan Republik Indonesia (2023-            General of the Ministry of Defense of the Republic of
  2024)                                                       Indonesia (2023-2024)
• Inspektur III, Inspektorat Jenderal Kementerian           • Inspector III, Inspectorate General of the Ministry of
  Pertahanan Republik Indonesia (2022-2023)                   Defense of the Republic of Indonesia (2022-2023)
• Wakil Inspektorat Jenderal Angkatan Udara, Markas Besar   • Deputy Inspector General of the Air Force, Headquarters
  Tentara Nasional Indonesia Angkatan Udara (2021-2022)       of the Indonesian Air Force (2021-2022)
• Sekretaris Inspektorat Jenderal Angkatan Udara, Markas    • Secretary of the Inspectorate General of the Air Force,
  Besar Tentara Nasional Indonesia Angkatan Udara (2021)      Headquarters of the Indonesian Air Force (2021)
• Pamen Sopsau Dik PPRA Lemhannas Sops Kasau Markas         • Pamen Sopsau, Dik PPRA Lemhannas, Sops Kasau,
  Besar Tentara Nasional Indonesia Angkatan Udara (2019-      Headquarters of the Indonesian Air Force (2019-2021)
  2021)
• Paban II/PERS Ditum Kodiklatau Denmabesau Markas Besar    • Paban II/PERS, Kodiklatau, Headquarters Detachment,
  Tentara Nasional Indonesia Angkatan Udara (2018-2019)       Indonesian Air Force (2018–2019)
• Paban III/Binkar Spersau Spers Kasau Markas Besar         • Paban III/Binkar, Spersau, Personnel Staff of the Chief of
  Tentara Nasional Indonesia Angkatan Udara (2017-2018)       Air Force Staff, Headquarters of the Indonesian Air Force
                                                              (2017-2018)
• Dirjian Air Power Seskoau Tentara Nasional Indonesia      • Dirjian Air Power, Seskoau, Indonesian Air Force (2015-
  Angkatan Udara (2015-2017)                                  2017)
• Patun Kelompok Susstaf Seskoau Tentara Nasional           • Lecturer, Patun Kelompok Susstaf, Seskoau, Indonesian
  Indonesia Angkatan Udara (2015)                             Air Force (2015)
• Komandan Lanud I Gusti Ngurah Rai, Bali, Koopsau II       • Commander of I Gusti Ngurah Rai Air Base, Bali, Koopsau
  Tentara Nasional Indonesia Angkatan Udara (2013-2015)       II, Indonesian Air Force (2013-2015)



                                                                                                                           83
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     01

                                                    Latar Belakang Profesi & Penugasan
    02                                              Professional Background & Assignments

                                      • Aspers Kas Koopsau Koopsau I Tentara Nasional             • Assistant for Personnel Affairs to the Chief of Staff,
                                        Indonesia Angkatan Udara (2012-2013)                        Koopsau I, Indonesian Air Force (2012-2013)
   03                                 • Pamen Sopsau Dik Sesko TNI A-39 Sops Kasau Markas         • Pamen Sopsau, TNI Staff and Command School Program
                                        Besar Angkatan Udara Tentara Nasional Indonesia             A-39, Operations Staff of the Chief of Air Force Staff,
                                        Angkatan Udara (2012)                                       Headquarters of the Indonesian Air Force (2012)
                                      • Komandan WING Taruna Akademi Angkatan Udara               • Commander of the Cadet Wing, Air Force Academy,
    04                                  Tentara Nasional Indonesia Angkatan Udara (2011-2012)       Indonesian Air Force (2011-2012)
                                      • Koordinator Dosen Akademi Angkatan Udara Tentara          • Lecturer Coordinator, Air Force Academy, Indonesian Air
                                        Nasional Indonesia Angkatan Udara (2010-2011)               Force (2010-2011)
                                      • Dosen Gol IV Akademi Angkatan Udara Tentara Nasional      • Lecturer Grade IV, Air Force Academy, Indonesian Air
    05                                  Indonesia Angkatan Udara (2008-2010)                        Force (2008-2010)
                                      • Komandan Lanud Padang Koopsud I, Koopsudnas Tentara       • Commander of Lanud Padang Koopsud I, Koopsudnas,
                                        Nasional Indonesia Angkatan Udara (2006-2008)               Indonesian Air Force (2006-2008)
                                      • Komandan Skadron Taruna TK III Akademi Angkatan Udara     • Commander Skadron Taruna TK III, Air Force Academy,
   06                                   Tentara Nasional Indonesia Angkatan Udara (2005-2006)       Indonesian Air Force (2005-2006)
                                      • Kaioplat Wings 4 Lanud ATS Lanud Atang Sendjaja           • Kaioplat, Wing 4, Atang Sendjaja Koopsud I, Indonesian
                                        Koopsud I, Koopsudnas Tentara Nasional Indonesia            Air Force (2004-2005)
                                        Angkatan Udara (2004-2005)
                                      • Kadisops Skadud 6 Wing 4 Lanud ATS Atang Sendjaja,        • Kadisops, Squadron 6, Wing 4, Atang Sendjaja Air Base,
                                        Koopsud I, Koopsudnas Tentara Nasional Indonesia            Koopsud I Koopsudnas, Indonesian Air Force (2003-
                                        Angkatan Udara (2003-2004)                                  2004)
                                      • Instruktur PNB Wingdik Terbang Lanud Adi MABESAU          • Flight Instructure PNB Wingdik, Lanud Adi MABESAU
                                        Tentara Nasional Indonesia Angkatan Udara (2002-2003)       Indonesian Air Force (2002-2003)
                                      • PA PNB Skadud 6 Wing 4 Lanud ATS Lanud Atang              • PA PNB Skadud 6 Wing 4 Lanud ATS Lanud Atang
                                        Sendjaja, Koopsud I, Koopsudnas Tentara Nasional            Sendjaja, Koopsud I, Koopsudnas Indonesian Air Force
                                        Indonesia Angkatan Udara (2000-2002)                        (2000-2002)
                                      • Kaurdal Skadud 6 Wing 4 Lanud Atang Sendjaja, Koopsud     • Kaurdal Skadud 6 Wing 4 Lanud Atang Sendjaja, Koopsud
                                        I, Koopsudnas Tentara Nasional Indonesia Angkatan           I, Koopsudnas Indonesian Air Force (1998-2000)
                                        Udara (1998-2000)                                         • PA PNB Skadud 6 Lanud ATS Lanud Atang Sendjaja,
                                      • PA PNB Skadud 6 Lanud ATS Lanud Atang Sendjaja,             Koopsud I, Koopsudnas Indonesian Air Force (1992-1998)
                                        Koopsud I, Koopsudnas Tentara Nasional Indonesia
Profil Perusahaan - Company Profile




                                        Angkatan Udara (1992-1998)                                • PA DP GUB Indonesian Air Force (1989-1992)
                                      • PA DP GUB Akademi Angkatan Udara Tentara Nasional
                                        Indonesia Angkatan Udara (1989-1992)



                                                    Jabatan Rangkap
                                                    Concurrent Positions

                                      Beliau tidak merangkap jabatan di luar GMF.                 He holds no concurrent positions outside GMF.




                                                     Hubungan Afiliasi & Kepemilikan Saham GMF
                                                     Affiliation Relationship & Ownership of GMF Shares

                                      Beliau tidak memiliki saham GMF dan tidak memiliki          He holds no shares in GMF and has no affiliation with other
                                      hubungan afiliasi dengan anggota Dewan Komisaris dan        members of the Board of Commissioners or the Board of
                                      Direksi lainnya, ataupun dengan pemegang saham utama,       Directors, nor with the controlling shareholder, Garuda
                                      Garuda Indonesia.                                           Indonesia.




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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                           Profil Direksi
                                                                                Board of Directors’ Profile



                                                                                  Kewarganegaraan
                                                                                  Citizenship

 Andi                                                                             Indonesia



 Fahrurrozi                                                                       Tempat Tanggal Lahir
                                                                                  Place of Birth and Date
                                                                                  Temanggung, 12 April 1980
                                                                                  Temanggung on April 12, 1980

 Direktur Utama




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                  Umur
 CEO                                                                              Age
                                                                                  45 tahun per 31 Desember 2025
                                                                                  45 as of December 31, 2025




               Dasar Hukum Penunjukan
               Legal Basis of Appointment

Diangkat sebagai Direktur Utama berdasarkan Keputusan        Appointed as President Director based on the resolution
RUPS Tahunan pada tanggal 28 Juni 2023 dan dinyatakan        of the Annual GMS on June 28, 2023, as stated in Deed of
dalam Akta Pernyataan Keputusan Rapat No. 16 tanggal         Meeting Resolution Statement No. 16 dated June 28, 2023,
28 Juni 2023 yang dibuat di hadapan Shanti Indah Lestari,    drawn up before Shanti Indah Lestari, S.H., M.Kn., Notary
S.H., M.Kn., Notaris di Kabupaten Tangerang. Jabatan ini     in Tangerang Regency. This position represents his second
merupakan periode kedua dalam jajaran Direksi GMF.           term on the Board of Directors of GMF.


               Latar Belakang Pendidikan
               Educational Background


• Magister Aeronautika, Institut Teknologi Bandung (ITB)     • Master’s degree in Aeronautic, Bandung Institute of
                                                               Technology (ITB)
• Sarjana Teknik Penerbangan, Institut Teknologi Bandung     • Bachelor’s degree in Aeronautics Engineering, Bandung
  (ITB)                                                        Institute of Technology (ITB)



               Latar Belakang Profesi & Penugasan
               Professional Background & Assignments


• Director of Business & Base Operation di GMF                • Director of Business & Base Operation at GMF
• Vice President of Component Services di GMF (2017-          • Vice President of Component Services at GMF (2017-
  2020)                                                         2020)
• Vice President of Logistics & Bonded Services di GMF        • Vice President of Logistics & Bonded Services at GMF
  (2017)                                                        (2017)



              Rangkap Jabatan
              Concurrent Position

Beliau tidak merangkap jabatan di luar GMF.                  He holds no concurrent positions outside GMF.




                Hubungan Afiliasi & Kepemilikan Saham GMF
                Affiliation Relationship & Ownership of GMF Shares

Beliau tidak memiliki hubungan afiliasi dengan anggota       He has no affiliation with other members of the Board of
Dewan Komisaris dan Direksi lainnya, ataupun dengan          Commissioners or the Board of Directors, nor with the
pemegang saham utama, Garuda Indonesia.                      controlling shareholder, Garuda Indonesia.
Beliau memiliki 672,300 lembar saham di GMF (kode            He owns 672,300 shares in GMF (stock code: GMFI).
saham: GMFI).


                                                                                                                         85
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     01


    02

                                       Bobi                                                                               Kewarganegaraan
                                                                                                                          Citizenship

                                       Gumelar
   03                                                                                                                     Indonesia

                                                                                                                          Tempat Tanggal Lahir
    04                                 Raspati                                                                            Place of Birth and Date
                                                                                                                          Bandung, 19 November 1988
                                                                                                                          Bandung on November 1988

                                       Direktur Base                                                                      Umur
    05                                 Management                                                                         Age
                                       Director of Base                                                                   37 tahun per 31 Desember 2025
                                                                                                                          37 as of December 31, 2025
                                       Management
   06

                                                     Dasar Hukum Penunjukan
                                                     Legal Basis of Appointment

                                      Diangkat sebagai Direktur Base Management berdasarkan          Appointed as Director of Base Management based on the
                                      Keputusan RUPS Tahunan pada tanggal 5 Juni 2025 dan            resolution of the Annual GMS on June 5, 2025, as stated
                                      dinyatakan dalam Akta No. 5 tanggal 5 Juni 2025 yang           in Deed No. 5 dated June 5, 2025, drawn up before Shanti
                                      dibuat di hadapan Shanti Indah Lestari, S.H., M.Kn., Notaris   Indah Lestari, S.H., M.Kn., Notary in Tangerang Regency.
                                      di Kabupaten Tangerang. Jabatan ini merupakan periode          This position represents his first term on the Board of
                                      pertama dalam jajaran Direksi GMF.                             Directors of GMF.


                                                     Latar Belakang Pendidikan
                                                     Educational Background
Profil Perusahaan - Company Profile




                                      Sarjana Teknik Penerbangan, Universitas Nurtanio (2025)        Bachelor’s degree in Aeronautics Engineering, Nurtanio
                                                                                                     University (2025)



                                                     Latar Belakang Profesi & Penugasan
                                                     Professional Background & Assignments


                                      • CEO Specialist di PT Garuda Indonesia (Persero) Tbk          • CEO Specialist at PT Garuda Indonesia (Persero) Tbk
                                        (2024-2025)                                                    (2024-2025)
                                      • Direktur Line Maintenance Lion Air Group (2023-2024)         • Director of Line Maintenance at Lion Air Group (2023-
                                                                                                       2024)
                                      • Direktur Teknik WINGS AIR (2022-2023)                        • Technical Director at WINGS AIR (2022-2023)
                                      • Manager Fleet Specialist ATR di WINGS AIR (2010-2022)        • Manager Fleet Specialist ATR at WINGS AIR (2010-2022)



                                                     Rangkap Jabatan
                                                     Concurrent Position

                                      Beliau tidak merangkap jabatan di luar GMF.                    He holds no concurrent positions outside GMF.




                                                      Hubungan Afiliasi & Kepemilikan Saham GMF
                                                      Affiliation Relationship & Ownership of GMF Shares

                                      Beliau tidak memiliki hubungan afiliasi dengan anggota         He has no affiliation with other members of the Board of
                                      Dewan Komisaris dan Direksi lainnya, ataupun dengan            Commissioners or the Board of Directors, nor with the
                                      pemegang saham utama, Garuda Indonesia.                        controlling shareholder, Garuda Indonesia.
                                      Beliau memiliki 679 lembar saham di GMF (kode saham:           He owns 679 shares in GMF (stock code: GMFI).
                                      GMFI).




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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                 Kewarganegaraan
                                                                                 Citizenship

 Endang                                                                          Indonesia



 Tardiana                                                                        Tempat Tanggal Lahir
                                                                                 Place of Birth and Date
                                                                                 Kuningan, 10 Oktober 1979
                                                                                 Kuningan on October 10, 1979


 Direktur Line Operation                                                         Umur
 Director of Line Operation                                                      Age
                                                                                 46 tahun per 31 Desember 2025
                                                                                 46 as of December 31, 2025




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
               Dasar Hukum Penunjukan
               Legal Basis of Appointment

Diangkat sebagai Direktur Line Operation berdasarkan        Appointed as Director of Line Operation based on the
Keputusan RUPS Luar Biasa pada tanggal 26 September         resolution of the Extraordinary GMS on September 26,
2025 dan dinyatakan dalam Akta No. 6 tanggal 26 September   2025, as stated in Deed No. 6 dated September 26, 2025,
2025 yang dibuat di hadapan Shanti Indah Lestari, S.H.,     drawn up before Shanti Indah Lestari, S.H., M.Kn., Notary
M.Kn., Notaris di Kabupaten Tangerang. Jabatan ini          in Tangerang Regency. This position represents his first
merupakan periode pertama dalam jajaran Direksi GMF.        term on the Board of Directors of GMF.



               Latar Belakang Pendidikan
               Educational Background


Sarjana Teknik, Institut Teknologi Sepuluh Nopember (ITS)   Bachelor’s degree in Engineering, Sepuluh Nopember
(2007)                                                      Institute of Technology (ITS) (2007)



               Latar Belakang Profesi & Penugasan
               Professional Background & Assignments


• Aircraft Maintenance Management Group Head PT             • Aircraft Maintenance Management Group Head at PT
  Garuda Indonesia (Persero) Tbk (2021-sekarang)              Garuda Indonesia (Persero) Tbk (2021-present)
• Senior Manager Engine & Component, Plan & Control PT      • Senior Manager Engine & Component, Plan & Control at
  Garuda Indonesia (Persero) Tbk (2014-2021)                  PT Garuda Indonesia (Persero) Tbk (2014-2021)
• Aircraft Maintenance Planner PT Garuda Indonesia          • Aircraft Maintenance Planner at PT Garuda Indonesia
  (Persero) Tbk (2008-2014)                                   (Persero) Tbk (2008-2014)




              Jabatan Rangkap
              Concurrent Positions

Beliau tidak merangkap jabatan di luar GMF.                 He holds no concurrent positions outside GMF.




               Hubungan Afiliasi & Kepemilikan Saham GMF
               Affiliation Relationship & Ownership of GMF Shares

Beliau tidak memiliki hubungan afiliasi dengan anggota      He has no affiliation with other members of the Board of
Dewan Komisaris dan Direksi lainnya, ataupun dengan         Commissioners or the Board of Directors, nor with the
pemegang saham utama, Garuda Indonesia.                     controlling shareholder, Garuda Indonesia.
Beliau memiliki 1,000 lembar saham di GMF (kode saham:      He owns 1,000 shares in GMF (stock code: GMFI).
GMFI).




                                                                                                                        87
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     01


    02
                                                                                                                          Kewarganegaraan
                                                                                                                          Citizenship
   03
                                       Mitra                                                                              Indonesia




    04
                                       Piranti                                                                            Tempat Tanggal Lahir
                                                                                                                          Place of Birth and Date
                                                                                                                          Jakarta, 30 Mei 1986
                                                                                                                          Jakarta on May 30, 1986

                                       Direktur Sumber Daya                                                               Umur
    05                                 Manusia                                                                            Age
                                       Director of Human Capital                                                          39 tahun per 31 Desember 2025
                                                                                                                          39 as of December 31, 2025
   06

                                                     Dasar Hukum Penunjukan
                                                     Legal Basis of Appointment

                                      Diangkat sebagai Direktur Sumber Daya Manusia berdasarkan      Appointed as Director of Human Capital based on the
                                      Keputusan RUPS Tahunan pada tanggal 5 Juni 2025 dan            resolution of the Annual GMS on June 5, 2025, as stated
                                      dinyatakan dalam Akta No. 5 tanggal 5 Juni 2025 yang           in Deed No. 5 dated June 5, 2025, drawn up before Shanti
                                      dibuat di hadapan Shanti Indah Lestari, S.H., M.Kn., Notaris   Indah Lestari, S.H., M.Kn., Notary in Tangerang Regency.
                                      di Kabupaten Tangerang. Jabatan ini merupakan periode          This position represents her first term on the Board of
                                      pertama dalam jajaran Direksi GMF.                             Directors of GMF.



                                                     Latar Belakang Pendidikan
                                                     Educational Background
Profil Perusahaan - Company Profile




                                      • Magister Manajemen, Universitas Indonesia (2021)             • Master’s degree in Management, University of Indonesia
                                                                                                       (2021)
                                      • Sarjana Akuntansi, Universitas Padjadjaran (2008)            • Bachelor’s degree in Accounting, Padjadjaran University
                                                                                                       (2008)



                                                     Latar Belakang Profesi & Penugasan
                                                     Professional Background & Assignments


                                      • Komisaris di PT Sabre Travel Network Indonesia (2023-        • Commissioner at PT Sabre Travel Network Indonesia
                                        2025)                                                          (2023-2025)
                                      • Vice President Corporate Secretary di PT Garuda              • Vice President Corporate Secretary at PT Garuda
                                        Indonesia (Persero) Tbk (2020-sekarang)                        Indonesia (Persero) Tbk (2020-present)
                                      • Vice President Business Support & General Affairs di PT      • Vice President Business Support & General Affairs at PT
                                        Garuda Indonesia (Persero) Tbk (2016-2020)                     Garuda Indonesia (Persero) Tbk (2016-2020)
                                      • Senior Manager Business Support Quality Assurance di         • Senior Manager Business Support Quality Assurance at
                                        PT Garuda Indonesia (Persero) Tbk (2013-2016)                  PT Garuda Indonesia (Persero) Tbk (2013-2016)
                                      • Assistant to Director Human Capital & Corporate Affairs      • Assistant to Director Human Capital & Corporate Affairs
                                        di PT Garuda Indonesia (Persero) Tbk (2012-2013)               at PT Garuda Indonesia (Persero) Tbk (2012-2013)



                                                     Jabatan Rangkap
                                                     Concurrent Positions

                                      Beliau tidak merangkap jabatan di luar GMF.                    She holds no concurrent positions outside GMF.




                                                      Hubungan Afiliasi & Kepemilikan Saham GMF
                                                      Affiliation Relationship & Ownership of GMF Shares

                                      Beliau tidak memiliki saham GMF dan tidak memiliki             She holds no shares in GMF and has no affiliation with
                                      hubungan afiliasi dengan anggota Dewan Komisaris dan           other members of the Board of Commissioners or the
                                      Direksi lainnya, ataupun dengan pemegang saham utama,          Board of Directors, nor with the controlling shareholder,
                                      Garuda Indonesia.                                              Garuda Indonesia.




     88
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                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                   Kewarganegaraan
                                                                                   Citizenship

 Tri                                                                               Indonesia



 Hartono                                                                           Tempat Tanggal Lahir
                                                                                   Place of Birth and Date
                                                                                   Pagar Alam, 21 Desember 1973
                                                                                   Pagar Alam on December 21, 1973

 Direktur Keuangan                                                                 Umur
 Director of Finance                                                               Age
                                                                                   52 tahun per 31 Desember 2025
                                                                                   52 as of December 31, 2025




                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
               Dasar Hukum Penunjukan
               Legal Basis of Appointment

Diangkat sebagai Direktur Keuangan berdasarkan Keputusan      Appointed as Director of Finance based on the resolution
RUPS Tahunan pada tanggal 5 Juni 2025 dan dinyatakan          of the Annual GMS on June 5, 2025, as stated in Deed
dalam Akta No. 5 tanggal 5 Juni 2025 yang dibuat di hadapan   No. 5 dated June 5, 2025, drawn up before Shanti Indah
Shanti Indah Lestari, S.H., M.Kn., Notaris di Kabupaten       Lestari, S.H., M.Kn., Notary in Tangerang Regency. This
Tangerang. Jabatan ini merupakan periode pertama dalam        position represents his first term on the Board of Directors
jajaran Direksi GMF.                                          of GMF.



               Latar Belakang Pendidikan
               Educational Background


• MBA, Clark University, Massachusetts, AS (2010)             • MBA, Clark University, Massachusetts, USA (2010)
• Sarjana Akuntansi, Universitas Padjadjaran (1997)           • Bachelor’s degree in Accounting, Padjadjaran University
                                                                (1997)



               Latar Belakang Profesi & Penugasan
               Professional Background & Assignments


• Division Head Syndication & FI Non-Bank di Bank BRI         • Division Head Syndication & FI Non-Bank at Bank BRI
  (2022-2024)                                                   (2022-2024)
• Division Head International Business di Bank BRI (2021)     • Division Head International Business at Bank BRI (2021)
• General Manager KCLN New York di Bank BRI (2018-            • General Manager KCLN New York at Bank BRI (2018-
  2021)                                                         2021)



              Jabatan Rangkap
              Concurrent Positions

Beliau tidak merangkap jabatan di luar GMF.                   He holds no concurrent positions outside GMF.




               Hubungan Afiliasi & Kepemilikan Saham GMF
               Affiliation Relationship & Ownership of GMF Shares

Beliau tidak memiliki saham GMF dan tidak memiliki            He holds no shares in GMF and has no affiliation with other
hubungan afiliasi dengan anggota Dewan Komisaris dan          members of the Board of Commissioners or the Board of
Direksi lainnya, ataupun dengan pemegang saham utama,         Directors, nor with the controlling shareholder, Garuda
Garuda Indonesia.                                             Indonesia.




                                                                                                                             89
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     01

                                      Profil Pejabat Eksekutif
    02
                                      Profile of Executive Officials

   03
                                                                                                Usia
                                                                                                Age
    04
                                                                                                Usia 44 tahun
                                                                                                44 years old
                                                                                                Menjabat sejak 15 Agustus 2025
    05                                                                                          Serving since August 15, 2025

                                                                                                Bergabung di GMF pada 1 Februari 2008
                                                                                                Joined GMF on February 1, 2008
   06
                                                                                                Latar Belakang Pendidikan
                                                                                                Educational Background:
                                                                                                Master of Management, IPMI Business School (2016)
                                                                                                Riwayat Jabatan
                                                                                                Positional History:
                                      Endang Darajat                                            •    General Affairs & HSE Group Head (2025)
                                      Financial & Management Accounting Group Head
                                                                                                •    VP Corporate Affairs & HSE (2020-2025)
                                                                                                •    VP Financial Analysis & Enterprise Risk Management (2018-
                                                                                                     2020)
                                                                                                •    GM Financial Analysis (2015-2018)

                                                                                                Usia
                                                                                                Age
                                                                                                Usia 54 tahun
                                                                                                54 years old
Profil Perusahaan - Company Profile




                                                                                                Menjabat sejak 2 September 2025
                                                                                                Serving since September 2, 2025

                                                                                                Bergabung di GMF pada 24 Desember 1993
                                                                                                Joined GMF on December 24 , 1993
                                                                                                Latar Belakang Pendidikan
                                                                                                Educational Background:
                                                                                                Diploma of Social Science, University of Indonesia (1995)
                                                                                                Riwayat Jabatan
                                                                                                Positional History:
                                      Sony Mardiana                                             •    Quaity System & Auditing Base Maintenance Division Head
                                      Wide Body Base Maintenance Group Head
                                                                                                     (2025)
                                                                                                •    SM Quality System & Auditing Component Maintenance &
                                                                                                     Specialized Services (2025)
                                                                                                •    SM Shop & Material Quality Inspection (2024-2025)
                                                                                                •    SM Structure Workshop (2023-2024)


                                                                                                    Usia
                                                                                                    Age
                                                                                                    Usia 40 tahun
                                                                                                    40 years old

                                                                                                    Menjabat sejak 20 Juni 2025
                                                                                                    Serving since June 20, 2025

                                                                                                    Bergabung di GMF pada 13 Mei 2008
                                                                                                    Joined GMF on May 13, 2008
                                                                                                    Latar Belakang Pendidikan
                                                                                                    Educational Background:
                                                                                                    Bachelor of Engineering, Sepuluh Nopember Institute of
                                                                                                    Technology (2007)

                                      Suhartono                                                     Riwayat Jabatan
                                                                                                    Positional History:
                                      Component Maintenance & Specialized Services Group Head
                                                                                                    •   Area Manager 2 (2023-2025)
                                                                                                    •   SM Revenue Management & Sales Support (2021-2023)
                                                                                                    •   Senior Project Manager (2020-2021)


     90
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                         Usia
                                                         Age
                                                         Usia 37 tahun
                                                         37 years old

                                                         Menjabat sejak 1 September 2023
                                                         Serving since September 1, 2023

                                                         Bergabung di GMF pada 18 Desember 2013
                                                         Joined GMF on December 18, 2013
                                                         Latar Belakang Pendidikan
                                                         Educational Background:
                                                         Master of Business Administration, SBM ITB (2002)
                                                         Riwayat Jabatan
R. Rendy Purwidyaputra                                   Positional History:
Corporate Strategy & Digital Transformation Group Head   •   SM Business Transformation (2020-2023)




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                         •   GM Business Development (2019-2020)
                                                         •   GM Project Management Office & Inorganic Development
                                                             (2018-2019)




                                                         Usia
                                                         Age
                                                         Usia 46 tahun
                                                         46 years old

                                                         Menjabat sejak 1 Oktober 2024
                                                         Serving since October 1, 2024

                                                         Bergabung di GMF 4 Desember 2008
                                                         Joined GMF on December 4, 2008
                                                         Latar Belakang Pendidikan
                                                         Educational Background:
                                                         Bachelor of Engineering, Bandung Institute of Technology (2004)
                                                         Riwayat Jabatan
Andriyono Novan Hartoko                                  Positional History:
Engineering Services Group Head                          •   SM Line Maintenance Production Planning (2021-2024)
                                                         •   SM Aircraft Engineering (2020-2021)
                                                         •   GM Fleet Type CRJ-1000 (2018-2020)




                                                         Usia
                                                         Age
                                                         Usia 41 tahun
                                                         41 years old

                                                         Menjabat sejak 1 Januari 2025
                                                         Serving since January 1, 2025

                                                         Bergabung di GMF pada 21 November 2008
                                                         Joined GMF on November 21, 2008
                                                         Latar Belakang Pendidikan
                                                         Educational Background:
                                                         Master of Management, Sepuluh Nopember Institute of
                                                         Technology (2022)

Oki Agung Setiyanto                                      Riwayat Jabatan
                                                         Positional History:
Maintenance Planning Group Head
                                                         •   SM Line Maintenance Production Planning (2024)
                                                         •   SM Line Maintenance Production Control (2022-2024)
                                                         •   SM Line Maintenance Support (2021)


                                                                                                                           91
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     01

                                                                                Usia
                                                                                Age
    02
                                                                                Usia 37 tahun
                                                                                37 years old

   03                                                                           Menjabat sejak 26 Agustus 2022
                                                                                Serving since August 26, 2022

                                                                                Bergabung di GMF 1 Mei 2011
    04                                                                          Joined GMF on 1 Mei 2011
                                                                                Latar Belakang Pendidikan
                                                                                Educational Background:
    05                                                                          Master of Management, IPMI Business School (2016)
                                                                                Riwayat Jabatan
                                      Desrianto Adi Prayogi                     Positional History:
   06                                 Material & Logistic Services Group Head   •   VP Corporate Secretary & Business Development (2018-2022)
                                                                                •   Corporate Business Partner (2017-2018)
                                                                                •   Executive Assistant to Board of Directors (2017)




                                                                                Usia
                                                                                Age
                                                                                Usia 52 tahun
                                                                                52 years old

                                                                                Menjabat sejak 2 September 2025
                                                                                Serving since September 2, 2025
Profil Perusahaan - Company Profile




                                                                                Bergabung di GMF pada 19 Juni 1996
                                                                                Joined GMF on November June 19, 1996
                                                                                Latar Belakang Pendidikan
                                                                                Educational Background:
                                                                                Master of Management, Narotama University (2025)
                                                                                Riwayat Jabatan
                                      Tri Handokoyudho                          Positional History:
                                      Line Maintenance Group Head               •   Hangar Line Maintenance Division Head (2025)
                                                                                •   SM Line Maintenance Garuda CGK (2024-2025)
                                                                                •   SM Line Maintenance Bali & Nusa Tenggara (2024)




                                                                                Usia
                                                                                Age
                                                                                Usia 44 tahun
                                                                                44 years old

                                                                                Menjabat sejak 15 Agustus 2025
                                                                                Serving since August 15, 2025

                                                                                Bergabung di GMF 15 Maret 2007
                                                                                Joined GMF on March 15, 2007
                                                                                Latar Belakang Pendidikan
                                                                                Educational Background:
                                                                                Master of Management, IPMI Business School (2014)
                                                                                Riwayat Jabatan
                                      Lia Yuanawati                             Positional History:
                                      Human Capital Management Group Head       •   Organization Transformation Group Head, PT Garuda
                                                                                    Indonesia Tbk (2025)
                                                                                •   VP Component Maintenance & Specialized Services (2024-
                                                                                    2025)
                                                                                •   Advisor (2024)
                                                                                •   Finance and Human Resources Director, PT AGI (2023-2024)


     92
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                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                          Usia
                                          Age
                                          Usia 50 tahun
                                          50 years old

                                          Menjabat sejak 22 November 2021
                                          Serving since November 22, 2021

                                          Bergabung di GMF pada 1 September 2014
                                          Joined GMF on November September 1, 2014
                                          Latar Belakang Pendidikan
                                          Educational Background:
                                          Master of Management, University of Indonesia (2004)
                                          Riwayat Jabatan
Deddy Fezantino                           Positional History:
Internal Audit Group Head                 •   VP Accounting (2018-2021);




                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                          •   GM Reporting & Financial Planning (2016-2018);
                                          •   GM Payable & Receivable Accounting (2015-2016).




                                          Usia
                                          Age
                                          Usia 39 tahun
                                          39 years old

                                          Menjabat sejak 2 Desember 2025
                                          Serving since December 2, 2025

                                          Bergabung di GMF 1 Januari 2008
                                          Joined GMF on January 1, 2008
                                          Latar Belakang Pendidikan
                                          Educational Background:
                                          Master of Management, University of Indonesia (2019)
                                          Riwayat Jabatan
Wayan Winten Adnyano                      Positional History:
Narrow Body Base Maintenance Group Head   •   VP Line Maintenance (2024-2025)
                                          •   VP Maintenance Planning (2021-2024)
                                          •   VP Engineering Services (2019-2021)




                                          Usia
                                          Age
                                          Usia 42 tahun
                                          42 years old

                                          Menjabat sejak 1 Oktober 2023
                                          Serving since October 1, 2023

                                          Bergabung di GMF pada 21 November 2012
                                          Joined GMF on November November 21, 2012
                                          Latar Belakang Pendidikan
                                          Educational Background:
                                          Master of Business Administration, Bandung Institute of
                                          Technology (2017)

Rajesh Ferdinand Kusuma                   Riwayat Jabatan
                                          Positional History:
SBU Defense Industry Group Head
                                          •   VP Sales & Marketing (2021-2023)
                                          •   SM Revenue Management & Sales Support (2019-2020)
                                          •   Account Manager & Sales (2014-2019)




                                                                                                    93
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     01

                                                                               Usia
                                                                               Age
    02
                                                                               Usia 55 tahun
                                                                               55 years old

   03                                                                          Menjabat sejak 1 Oktober 2023
                                                                               Serving since Oktober 1, 2023

                                                                               Bergabung di GMF 1 Juni 1993
    04                                                                         Joined GMF on June 1, 1993
                                                                               Latar Belakang Pendidikan
                                                                               Educational Background:
    05                                                                         Bachelor of Electrical Engineering, Jayabaya University (1998)
                                                                               Riwayat Jabatan
                                      Asep Mulyana                             Positional History:
   06                                 Sales & Marketing Group Head             •   VP SBU Defense Industry (2021-2023);
                                                                               •   VP SBU Military (2020-2021);
                                                                               •   KSO Chief of GMF-IAS (2019-2020)




                                                                               Usia
                                                                               Age
                                                                               Usia 41 tahun
                                                                               41 years old

                                                                               Menjabat sejak 1 April 2025
                                                                               Serving since April 1, 2025
Profil Perusahaan - Company Profile




                                                                               Bergabung di GMF pada 9 September 2024
                                                                               Joined GMF on November September 9, 2024
                                                                               Latar Belakang Pendidikan
                                                                               Educational Background:
                                                                               Bachelor of Engineering, Sepuluh Nopember Institute of
                                                                               Technology

                                      Rachmad Handono                          Riwayat Jabatan
                                                                               Positional History:
                                      Quality Assurance & Safety Group Head
                                                                               •   Assistant Vice President (2024-2025);
                                                                               •   SM Airworthiness Standard, PT Garuda Indonesia Tbk (2023-
                                                                                   2024)




                                                                               Usia
                                                                               Age
                                                                               Usia 48 tahun
                                                                               48 years old

                                                                               Menjabat sejak 21 Juli 2020
                                                                               Serving since July 21, 2020

                                                                               Bergabung di GMF 7 Januari 2019
                                                                               Joined GMF on January 7, 2019
                                                                               Latar Belakang Pendidikan
                                                                               Educational Background:
                                                                               Bachelor of Law, Diponegoro University (1999)
                                                                               Riwayat Jabatan
                                      Rian Fajar Isnaeni                       Positional History:
                                      Corporate Secretary & Legal Group Head   •   SM Legal & Corporate Governance (2019-2020)




      94
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                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                   Usia
                                   Age
                                   Usia 42 tahun
                                   42 years old

                                   Menjabat sejak 15 Agustus 2025
                                   Serving since August 15, 2025

                                   Bergabung di GMF pada 12 Februari 2012
                                   Joined GMF on November February 12, 2012
                                   Latar Belakang Pendidikan
                                   Educational Background:
                                   Master of Business Administration, Bandung Institute of
                                   Technology (2010)

Eldira Umar Ali Zain               Riwayat Jabatan
                                   Positional History:
General Affairs & HSE Group Head




                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                   •   VP Human Capital Management (2023-2025)
                                   •   SM Leader & Talent Development (2020-2023)




                                   Usia
                                   Age
                                   Usia 45 tahun
                                   45 years old

                                   Menjabat sejak 2 September 2025
                                   Serving since September 2, 2025

                                   Bergabung di GMF 1 November 2006
                                   Joined GMF on November 1, 2006
                                   Latar Belakang Pendidikan
                                   Educational Background:
                                   Master of Management, IPMI International Business School (2016)
                                   Riwayat Jabatan
Zarul Fuziono                      Positional History:
Engine Services Group Head         •   VP Wide Body Base Maintenance (2024-2025)
                                   •   VP Narrow Body Base Maintenance (2022-2024)
                                   •   SM Base Maintenance Planning & Engineering (2020-2022)
                                   •   Account Manager & Sales (2016-2019)




                                   Usia
                                   Age
                                   Usia 48 tahun
                                   48 years old

                                   Menjabat sejak 25 Maret 2019
                                   Serving since March 25, 2019

                                   Bergabung di GMF pada 20 Agustus 2009
                                   Joined GMF on November August 20, 2009
                                   Latar Belakang Pendidikan
                                   Educational Background:
                                   Master of Management, IPMI Business School (2014)
                                   Riwayat Jabatan
Indra Prabowo                      Positional History:
Treasury Management Group Head     •   Financial Expert (2019);
                                   •   GM Cash Management (2018-2019);
                                   •   GM Treasury Analysis (2016-2018).




                                                                                                     95
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     01

                                                                                          Usia
                                                                                          Age
    02
                                                                                          Usia 51 tahun
                                                                                          51 years old

   03                                                                                     Menjabat sejak 1 Agustus 2023
                                                                                          Serving since August 1, 2023

                                                                                          Bergabung di GMF 3 Februari 2014
    04                                                                                    Joined GMF on February 3, 2014
                                                                                          Latar Belakang Pendidikan
                                                                                          Educational Background:
    05                                                                                    Master of Industrial Engineering & Management, Bandung Institute
                                                                                          of Technology (2009)

                                      R. Suryo Hardiono                                   Riwayat Jabatan
                                                                                          Positional History:
   06                                 Aircraft Support & Industrial Solutions Group Hea
                                                                                          •   SM Business Support (2020-2023);
                                                                                          •   GM Subsidiaries Management (2019-2020)
                                                                                          •   GM Strategy Management Office (2016-2019).




                                                                                          Usia
                                                                                          Age
                                                                                          Usia 37 tahun
                                                                                          37 years old

                                                                                          Menjabat sejak 1 April 2025
                                                                                          Serving since April 1, 2025
Profil Perusahaan - Company Profile




                                                                                          Bergabung di GMF pada 1 Desember 2010
                                                                                          Joined GMF on November December 1, 2010
                                                                                          Latar Belakang Pendidikan
                                                                                          Educational Background:
                                                                                          Master of Management, National University of Kaohsiung (2015)
                                                                                          Riwayat Jabatan
                                      Diahyani Putri                                      Positional History:
                                      Cabin Line Services Group Head                      •   SM Cabin Line Maintenance (2021-2025);
                                                                                          •   SM Line Maintenance SUpport (2020-2021)
                                                                                          •   GM LMS 01 – Outstation Line Maintenance Support (2019-
                                                                                              2020).




     96
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                                             Demografi Pegawai
                                                            Employee Demographic [GRI 2-7, 405-1]




PEGAWAI PERSEROAN                                                COMPANY EMPLOYEES

Pengungkapan informasi mengenai demografi pegawai                Disclosure of information regarding employee
diperoleh dari sumber internal dan dihitung berdasarkan          demographic is obtained from internal sources and is
jumlah pegawai yang tercatat per 31 Desember 2025.               calculated based on the number of employees recorded




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                 as of December 31, 2025.

Jumlah pegawai Perseroan tahun 2025 adalah 5.026                 Total number of Company employees in 2025 is 5.026
orang, yang terdiri dari 4.169 orang pegawai tetap dan           people, comprising 4.169 permanent employees and 857
857 orang pegawai tidak tetap. Pegawai Perseroan                 contract employees. The Company's employees work in
bekerja di Indonesia, yaitu di kantor pusat di Tangerang         Indonesia, specifically at the head office in Tangerang
dan Outstation Line Maintenance Domestik di berbagai             and Domestic Line Maintenance Outstations in various
daerah di Indonesia.                                             regions in Indonesia.

GMF hanya menyajikan komposisi rinci terkait demografi           GMF only presents the detail composition of
hanya untuk pegawai tetap (di luar entitas anak).                demography only for its permanent employees
Komposisi pegawai tidak tetap hanya mencakup 17,05%              (excluding subsidiaries). The composition of non-
dari keseluruhan pegawai dan dapat dikategorikan                 permanent employees accounts for only 17.05% of the
sebagai non-staf sehingga tidak memiliki dampak                  total workforce and can be categorized as non-staff,
terhadap perkembangan bisnis inti Perseroan. Perseroan           meaning they do not have an impact on the Company's
tidak mempekerjakan pegawai paruh waktu dan pegawai              core business development. The Company does not
dengan jam kerja tidak pasti (borongan/non-guaranteed            employ part-time employees or employees with non-
hours employees).                                                guaranteed working hours (contract/hourly workers).

Komposisi pegawai selama dua tahun terakhir                      The composition of employees for the last two years is
selengkapnya disajikan dalam tabel-tabel berikut:                presented in the following tables:


                                                    Status Kepegawaian
                                                     Employment Status
                                                         2025                                    2024
             Keterangan
             Description                Pria            Wanita         Jumlah      Pria         Wanita         Jumlah
                                        Male            Female          Total      Male         Female          Total
 Pegawai Tetap
                                          3,663                 506       4,169       3,715              460      4,175
 Permanent Employee

 Pegawai Tidak Tetap
                                            795                  62         857        864                95       959
 Contract Employee

Jumlah
                                         4,458                  568       5,026      4,579              555      5,134
Total



                                                     Jabatan Pegawai
                                                     Employee Position
                                                         2025                                    2024
             Keterangan
             Description                Pria            Wanita         Jumlah      Pria         Wanita         Jumlah
                                        Male            Female          Total      Male         Female          Total
 Vice President                                18                  2         20           16               1         17

 Senior Manager                              86                   21        107         83                19       102

 Manager                                    311                   41        352        299                37       336


                                                                                                                           97
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     01

                                                                               Jabatan Pegawai
    02                                                                         Employee Position
                                                                                   2025                                  2024
                                                      Keterangan
   03                                                 Description   Pria          Wanita         Jumlah      Pria       Wanita         Jumlah
                                                                    Male          Female          Total      Male       Female          Total
                                      Staff                          4,043                504      4,547      3,317              403      3,720
    04                                Jumlah
                                                                     4,458                568      5,026      3,715             460       4,175
                                      Total


    05
                                                                            Wilayah Kerja Pegawai
                                                                           Employee Operational Area
   06                                                                              2025                                  2024
                                                      Keterangan
                                                      Description   Pria          Wanita         Jumlah      Pria       Wanita         Jumlah
                                                                    Male          Female          Total      Male       Female          Total
                                      Jakarta                        4,126                555      4,681      3,394              449     3,843

                                      Denpasar                          75                  3           78       67                2        69

                                      Surabaya                          52                  5           57       49                5        54

                                      Kualanamu                         28                  0           28       30                0            0

                                      Makassar                          40                  2           42       42                2        44

                                      Daerah Lainnya (Indonesia)
                                                                       137                  3          140      133                2       135
                                      Other Areas (Indonesia)

                                      Jumlah
                                                                     4,458                568      5,026      3,715             460       4,175
Profil Perusahaan - Company Profile




                                      Total



                                                                       Tingkat Pendidikan Pegawai
                                                                           Employee Education
                                                                                   2025                                  2024
                                                      Keterangan
                                                      Description   Pria          Wanita         Jumlah      Pria       Wanita         Jumlah
                                                                    Male          Female          Total      Male       Female          Total
                                      Doktoral (S3)
                                                                           3                0            3          2              -            2
                                      Doctorate

                                      Magister (S2)
                                                                       170                 60          230      123               38        161
                                      Master

                                      Sarjana (S1)
                                                                      1,518               340      1,858       1,124             263      1,387
                                      Bachelor

                                      Diploma (D3)
                                                                      1,911                138     2,049      1,636              127      1,763
                                      Diploma

                                      Sekolah Menengah Atas
                                                                       856                 30          886     830                32       862
                                      Senior High

                                      Jumlah
                                                                     4,458                568      5,026      3,715             460       4,175
                                      Total




     98
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                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                                        Usia Pegawai
                                                        Employee Age
                                                           2025                                               2024
              Keterangan
              Description                    Pria         Wanita           Jumlah         Pria               Wanita         Jumlah
                                             Male         Female            Total         Male               Female          Total
 ≥ 51 tahun
                                               433                   17          448           376                     17       393
 ≥ 51 years old

 31-50 tahun
                                              2,428                314         2,726         2,001                    271      2,272
 31-50 years old

 ≤ 30 tahun
                                              1,597                237         1,852         1,338                    172      1,510
 ≤ 30 years old

Jumlah
                                              4,458                568         5,026         3,715                   460       4,175
Total




                                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                    Jenis Kelamin Pegawai
                                                      Employee Gender
                                 Keterangan
                                                                                           2025                        2024
                                 Description
 Pria
                                                                                                     4,458                     3,175
 Male

 Wanita
                                                                                                      568                       460
 Female

Jumlah
                                                                                                   5,026                       4,715
Total



PEKERJA YANG BUKAN PEGAWAI                                         WORKERS WHO ARE NOT EMPLOYEES
LANGSUNG [GRI 2-8]                                                 [GRI 2-8]

Aktivitas operasional Perseroan membutuhkan pemasok                The Company's operational activities require suppliers
yang berasal dari dalam negeri (lokal) dan luar negeri             from within the country (local) and abroad (nonlocal).
(nonlokal). Para pekerja dari pemasok yang terlibat telah          Workers of suppliers who are involved in GMF’s business
ditempatkan sesuai dengan perjanjian kerja sama antara             performed their work in accordance with the agreement
Perseroan dengan pemasok.                                          that the Company and suppliers have agreed upon.

Perusahaan pihak ketiga yang menjadi pemasok tenaga                The third-party companies supplying labor for GMF in
kerja bagi GMF pada tahun 2025 tercatat sebanyak 4                 2025 totaled 4 companies, the same as the number of
perusahaan, sama dengan jumlah pemasok pada tahun                  suppliers in 2024.
2024.

Berikut adalah jumlah pekerja yang bukan pegawai                   The following is the number of workers who are not
langsung, yang merupakan pemasok GMF:                              direct employees and came from GMF suppliers:


                                   Pekerja yang Bukan Merupakan Pegawai Perseroan
                                     Workers who are Not Employees of the Company
                                                      [ESG S-04]
 Jenis Pekerjaan            Keterlibatan                           Keterangan                                        Jumlah
   Type of duty               Supplier                             Description                                        Total
                                                Para pekerja keamanan di mana Perseroan memiliki
                                                kendali atas para pekerja yang bertanggung jawab
 Keamanan            Penyedia Pihak Ketiga      menjaga keamanan di area operasional dan kantor.         151 orang dari 1 perusahaan
 Security            Third-party Vendor         Security workers, for whom the Company has control,      151 people from 1 company
                                                are responsible for maintaining security in the office
                                                and operational area.




                                                                                                                                       99
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     01

                                                                             Pekerja yang Bukan Merupakan Pegawai Perseroan
    02                                                                         Workers who are Not Employees of the Company
                                                                                                [ESG S-04]
                                      Jenis Pekerjaan                Keterlibatan                           Keterangan                                     Jumlah
   03                                   Type of duty                   Supplier                             Description                                     Total
                                                                                         Para pekerja kebersihan dan lingkungan di mana
                                                                                         Perseroan memiliki kendali atas para pekerja yang
    04                                Ke b e r s i h a n d a n                           bertanggung jawab menjaga kebersihan dan
                                      Lingkungan                 Penyedia Pihak Ketiga   lingkungan di area operasional dan kantor.               120 orang dari 1 perusahaan
                                      Cleanliness and            Third-party Vendor      Cleaning and environmental workers, also under the       120 people from 1 company
                                      Environment                                        Company's control, are responsible for maintaining
    05                                                                                   cleanliness and the environment in the office and
                                                                                         operational area.

                                                                                         Para pekerja Teknis dan Non Teknis di mana Perseroan
   06                                                                                    memiliki kendali atas para pekerja yang bertanggung
                                                                                         jawab menjalankan tugas dan memastikan aspek teknis
                                      Teknis dan Non Teknis
                                                                 Penyedia Pihak Ketiga   dan non teknis tersedia di kantor dan area produksi.     416 orang dari 4 perusahaan
                                      Technical and Non
                                                                 Third-party Vendor      Technical and Non-Technical workers, under the           416 people from 4 companies
                                      Technical
                                                                                         Company's control, are responsible for carrying out
                                                                                         tasks and ensuring technical and non-technical aspects
                                                                                         are available in office and production areas.

                                                                                         Para pekerja Administrasi di mana Perseroan memiliki
                                                                                         kendali atas para pekerja yang bertanggung jawab
                                                                                         menjalankan tugas Administrasi di area operasional
                                      Administrasi               Penyedia Pihak Ketiga                                                            288 orang dari 3 perusahaan
                                                                                         dan kantor.
                                      Administration             Third-party Vendor                                                               288 people from 3 companies
                                                                                         Administrative workers, under the Company's control,
                                                                                         are responsible for carrying out administrative tasks
                                                                                         in the office and operational area.

                                      Jumlah
                                                                                                                                                  975 orang dari 4 perusahaan
                                      Total
                                                                                                                                                  975 people from 4 company
Profil Perusahaan - Company Profile




                                      Dibandingkan Total Pegawai (termasuk pegawai tidak tetap)
                                                                                                                                                  19,39%
                                      Compared to Total Employees (including contract employees)




100
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                                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                                    Informasi Pemegang Saham
                                                                               Information on Shareholders




                                                Struktur Grup
                                               Group Structure




                                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                       PEMERINTAH REPUBLIK INDONESIA                         Masyarakat (masing-masing
   Danantara Asset                  (melalui Kementerian Badan Usaha Milik Negara)
                                                                                              kepemilikan di bawah 5%)
    Management                     INDONESIA GOVERNMENT (through the Ministry
                                              of State-Owned Enterprises)                     Public (ownership less than 5%)

   92,03%                                         0,00%                                              7,97%

                                               Per 31 Desember 2025
                                               In Desember 31, 2025




                                                                                                     Masyarakat (masing-masing
                           GARUDA INDONESIA                      PT Angkasa Pura Indonesia
PT AEROWISATA                                                                                         kepemilikan di bawah 5%)
                     PT Garuda Indonesia (Persero) Tbk
 0,29%
                                                                                                       Public (ownership less than 5%)

                             28,54%                                    68,4%                                  2,77%




                                                     GMF
                             PT Garuda Maintenance Facility Aero Asia Tbk




                                 PT GARUDA DAYA PRATAMA SEJAHTERA

                                                     91%




                                                                                                                                         101
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     01

                                      KOMPOSISI KEPEMILIKAN SAHAM                                      SHARE OWNERSHIP COMPOSITION
    02
                                                                       Komposisi per 1 Januari 2025 dan 31 Desember 2025
                                                                      Composition as of January 1, 2025 and December 31, 2025
   03                                                                                   1 Januari 2025                            31 Desember 2025
                                             Pemegang Saham                             January 1, 2025                           December 31, 2025
                                               Shareholders                 Jumlah Saham            Kepemilikan          Jumlah Saham           Kepemilikan
    04
                                                                           Number of Shares          Ownership          Number of Shares         Ownership
                                       Kepemilikan saham ≥ 5%
    05                                 Share ownership ≥ 5%

                                       PT Garuda Indonesia (Persero) Tbk         25,156,058,796               89.10%         34,249,304,396            28.54%

                                       PT Angkasa Pura Indonesia                               -                   -          82,100,173,900           68.40%
   06
                                       Kepemilikan saham < 5%
                                       Share ownership < 5%

                                       PT Aerowisata                                254,101,604               0.90%             345,952,504              0.29%

                                       Masyarakat (masing-masing
                                       kepemilikan <5%)                           2,823,351,100               10.00%           3,326,763,645             2.77%
                                       Pubic (each with <5% ownership)

                                      Jumlah Saham
                                                                               28,233,511,500              100.00%         120,022,194,445               100%
                                      Number of Shares


                                      INFORMASI PEMEGANG SAHAM                                         INFORMATION ON THE MAJOR AND
                                      UTAMA DAN PENGENDALI HINGGA                                      CONTROLLING SHAREHOLDERS UNTIL
                                      PEMILIK AKHIR                                                    THE FINAL OWNER
Profil Perusahaan - Company Profile




                                      PT Garuda Indonesia (Persero) Tbk merupakan                      PT Garuda Indonesia (Persero) Tbk is the major and
                                      pemegang saham pengendali GMF dengan kepemilikan                 controlling shareholder of GMF with 89.10% ownership.
                                      sebesar 28,54% saham. Garuda Indonesia merupakan                 Garuda Indonesia is a State-Owned Airline, which
                                      maskapai milik Pemerintah Indonesia yang didirikan pada          was established on March 31, 1950, as part of the
                                      tanggal 31 Maret 1950 sebagai bagian dari penataan               government’s effort to manage national aerospace.
                                      kedirgantaraan Republik Indonesia.

                                      Pada tahun 2008, Garuda Indonesia menjadi satu-                  In 2008, Garuda Indonesia became the only local airline
                                      satunya maskapai lokal yang memperoleh sertifikasi               with IATA Operational Safety Audit (IOSA) Operator
                                      IATA Operational Safety Audit (IOSA) Operator. Garuda            certification. Garuda Indonesia held an Initial Public
                                      Indonesia melakukan Initial Public Offering (IPO) pada           Offering (IPO) to the public on February 11, 2011, on its
                                      tanggal 11 Februari 2011 atas 6,335,738,000 sahamnya             6,335,738,000 shares. Those shares were listed using
                                      kepada masyarakat. Saham tersebut telah dicatatkan               “GIAA” as its ticker code at Indonesia Stock Exchange.
                                      pada Bursa Efek Indonesia dengan kode “GIAA”.


                                                                           Komposisi Pemegang Saham Garuda Indonesia
                                                                            Garuda Indonesia’s Shareholders Composition

                                                                                                     0,00%
                                                                           7,97%




                                                                                                                       92,03%




                                                                Indonesian Government     Danantara Asset Management    Public (ownership<5%)

102
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                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
Hingga akhir tahun 2025, Pemerintah Republik Indonesia      As of the end of 2025, the Government of the Republic
melalui PT Danantara Asset Management (Persero)             of Indonesia, through PT Danantara Asset Management
memiliki 92.03% saham Garuda Indonesia dan menjadi          (Persero), holds 92.03% of the shares in Garuda
pemegang saham pengendali GMF. Kemudian, terdapat           Indonesia and serves as the controlling shareholder of
kepemilikan saham sebesar 68.40% dari PT Angkasa            GMF. In addition, there is a 68.40% share ownership by
Pura Indonesia. Dengan demikian, entitas pemilik akhir      PT Angkasa Pura Indonesia. Accordingly, the ultimate
GMF adalah Pemerintah Republik Indonesia.                   beneficial owner of GMF is the Government of the
                                                            Republic of Indonesia.

KEPEMILIKAN SAHAM DEWAN                                     THE BOARD OF COMMISSIONERS
KOMISARIS DAN DIREKSI                                       AND BOARD OF DIRECTORS’ SHARE
                                                            OWNERSHIP

Berikut disampaikan kepemilikan saham anggota Dewan         The following is the share ownership of members of




                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Komisaris dan Direksi yang menjabat per akhir 31            the Board of Commissioners and the Board of Directors
Desember 2025. GMF tidak mengungkapkan kepemilikan          serving as of December 31, 2025. GMF does not disclose
saham dari anggota Dewan Komisaris dan Direksi yang         the share ownership of members of the Board of
digantikan sepanjang tahun pelaporan.                       Commissioners and the Board of Directors who were
                                                            replaced during the reporting year.


                                        31 Desember 2025                               1 Januari 2025
                                        December 31, 2025                              January 1, 2025
    Nama dan Posisi
   Name and Position             Kepemilikan      Kepemilikan Tidak        Kepemilikan         Kepemilikan Tidak
                                   Langsung            Langsung              Langsung               Langsung
                               Direct Ownership   Indirect Ownership     Direct Ownership      Indirect Ownership
DEWAN KOMISARIS
BOARD OF COMMISSIONERS

Oki Yanuar
Komisaris Utama/Independen           Nihil                Nihil                Nihil                     Nihil
President/Independent               None                  None                 None                      None
Commissioner


Dean Arslan                          Nihil
                                                          Nihil                Nihil                     Nihil
Komisaris Independen                None
                                                          None                 None                      None
Independent Commissioner

Giring Ganesha Djumaryo
                                     Nihil                Nihil                Nihil                     Nihil
Komisaris
                                    None                  None                 None                      None
Commissioner

Sugiharto Prapto
                                     Nihil                Nihil                Nihil                     Nihil
Komisaris
                                    None                  None                 None                      None
Commissioner

DIREKSI
BOARD OF DIRECTORS

Andi Fahrurrozi
Direktur Utama                     144,400               0.00051              672,300                0.00056
CEO

Bobi Gumelar Raspati
                                     Nihil                Nihil
Direktur Base Management                                                        679                 0.0000006
                                    None                  None
Director of Base Management

Endang Tardiana
                                     Nihil                Nihil
Direktur Line Operation                                                        1,000                0.0000008
                                    None                  None
Director of Line Operation

Mitra Piranti
                                     Nihil                Nihil                Nihil                     Nihil
Direktur Sumber Daya Manusia
                                    None                  None                 None                      None
Director of Human Capital

Tri Hartono
                                     Nihil                Nihil                Nihil                     Nihil
Direktur Keuangan
                                    None                  None                 None                      None
Director of Finance




                                                                                                                     103
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     01

                                      Kepemilikan saham anggota Direksi (Manajemen) pada                Share ownership over the Company by members of the
    02                                tabel merupakan kepemilikan langsung yang didapat                 Board of Directors (the Management) is categorized
                                      dari program kepemilikan saham oleh pegawai melalui               as direct ownership through the Company’s Employee
                                      program Employee Stock Allocation (“ESA”) yang                    Stock Allocation (“ESA”) when those Directors were still
   03                                 diadakan Perseroan ketika Direktur yang bersangkutan              the Company’s employees and when the purchase was
                                      masih berstatus sebagai pegawai Perseroan dan pada                made personally on the secondary market. Members
                                      saat melakukan pembelian pribadi pada pasar sekunder.             of the Board of Commissioners and Directors have
                                      Anggota Dewan Komisaris dan Direksi tidak memiliki                no indirect ownership over the Company. Further
    04
                                      kepemilikan saham tidak langsung terhadap Perseroan.              information concerning Management’s share ownership
                                      Keterangan lebih lanjut mengenai kepemilikan oleh                 is available in the MESOP program within the chapter
                                      Manajemen dapat dilihat pada program MESOP yang                   of Management Analysis and Discussion.
    05                                terdapat di Bab Analisis dan Pembahasan Manajemen.


   06                                                                KELOMPOK PEMEGANG SAHAM DENGAN KEPEMILIKAN <5%
                                                                           Group of Shareholders with <5% Ownership
                                                                             1 Januari 2025                                      31 Desember 2025
                                         Kelompok                            January 1, 2025                                     December 31, 2025
                                         Pemegang                              Jumlah            Persentase                                           Persentase
                                          Saham                 Jumlah                                            Jumlah          Jumlah Lembar
                                                                               Lembar            Kepemilikan                                          Kepemilikan
                                         Groups of              Pemilik                                           Pemilik            Saham
                                                                               Saham              Ownership                                            Ownership
                                        Shareholders           Number of                                         Number of          Number of
                                                                              Number of          Percentage                                           Percentage
                                                                Owners                                            Owners             Shares
                                                                               Shares                (%)                                                  (%)
                                      DOMESTIK
                                      DOMESTIC

                                      Perorangan
                                                                    9,259       1,016,966,160           3.60%         14,745         1,660,216,248           1.38%
                                      Individual
Profil Perusahaan - Company Profile




                                      Koperasi
                                                                       2          14,850,100            0.05%              3           19,953,300           0.02%
                                      Cooperation

                                      Yayasan
                                                                       ...                 ...             ...            ...                   ...             ...
                                      Foundation

                                      Dana Pensiun
                                                                       6         767,244,900            2.71%             4           766,280,000           0.64%
                                      Pension Fund

                                      Asuransi
                                                                       6        675,824,800             2.39%              5          490,852,200           0.41%
                                      Insurance

                                      Perseroan Terbatas
                                      Limited Liability                10     25,560,932,200            90.5%            26        116,892,313,927         97.39%
                                      Company

                                      Lembaga Keuangan
                                      Financial Institutions

                                      Bank
                                                                        1        161,050,000            0.57%                1        161,050,000            0.13%
                                      Bank

                                      Sub Jumlah
                                                                    9,284     28,196,868,160           99,82%         14,757         3,098,351,748         99.97%
                                      Sub Total

                                      ASING
                                      FOREIGN

                                      Perorangan
                                                                      29           6,409,900            0,02%            27             2,566,100         0.0021%
                                      Individual

                                      Badan Usaha
                                                                       11        32,236,000             0,10%             13           27,629,855         0.0230%
                                      Business Entity

                                      Sub Jumlah
                                                                      40         36,642,900             0,12%            40            30,195,955           0.03%
                                      Sub Total

                                      JUMLAH
                                                                   9,324     28,233,511,060          100.00%         14,797       120,020,861,630         100.00%
                                      TOTAL




104
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                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                             Pergerakan Jumlah Pemegang Saham < 5% Sepanjang 2025
                                  Movement of <5% Shareholders Throughout 2025
          9.700

          9.600                                                                                                 9.362
                     9.533
          9.500              9.492
                                     9.402                                             9.382
                                             9.373   9.342
                                                              9.320                             9.304 9.336
          9.400                                                        9.283   9.242

          9.300

          9.200

          9.100

          9.000




                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                      Jan    Feb     Mar     Apr     May      Jun       Jul    Aug      Sep      Oct    Nov      Dec


                                                             Shareholders



20 PEMEGANG SAHAM TERBESAR                                            20 LARGEST SHAREHOLDERS

                                                                                                 Jumlah           Persentase
                                                                         Klasifikasi
                                                                                                 Lembar           Kepemilikan
            Nama Investor                      Status                (L=Lokal/A=Asing)
No.                                                                                              Saham             Ownership
            Investor Name                      Status                   Classification
                                                                                                Number of         Percentage
                                                                    (L=Local/A=Foreign)
                                                                                                 Shares               (%)
                                      PERSEROAN TERBATAS
 1.   PT ANGKASA PURA INDONESIA       LIMITED LIABILITY                        L               82.100.173.900           68,40%
                                      COMPANY

                                      PERSEROAN TERBATAS
      GARUDA INDONESIA (PERSERO)
 2.                                   LIMITED LIABILITY                        L               34.249.304.396           28,54%
      TBK, PT
                                      COMPANY

                                      ASURANSI
 3.   PT. JASA RAHARJA (PERSERO)                                               L                435.323.000             0,36%
                                      INSURANCE

                                      DANA PENSIUN
 4.   PT TASPEN (ASURANSI) - AFS                                               L                425.000.000             0,35%
                                      PENSION FUND

                                      PERSEROAN TERBATAS
 5.   AEROWISATA, PT                  LIMITED LIABILITY                        L                345.952.504             0,29%
                                      COMPANY

      PT ASABRI (PERSERO) - DAPEN     DANA PENSIUN
 6.                                                                            L                175.000.000             0,15%
      TNI                             PENSION FUND

      PT ASABRI (PERSERO) - DAPEN     DANA PENSIUN
 7.                                                                            L                162.500.000             0,14%
      POLRI                           PENSION FUND

                                      DANA PENSIUN
 8.   PERUM JAMKRINDO                                                          L                161.050.000             0,134%
                                      PENSION FUND

      PT YULIE SEKURITAS INDONESIA    BANK
 9.                                                                            L                154.900.900             0,129%
      TBK                             BANK

                                      PERORANGAN INDONESIA
10.   IR KOMARI SUBAKIR                                                        L                 70.861.628             0,059%
                                      LOCAL INDIVIDUAL

                                      PERSEROAN TERBATAS
11.   PT. ASKRINDO                    LIMITED LIABILITY                        L                30.000.000              0,025%
                                      COMPANY

                                      PERORANGAN INDONESIA
12.   ROBERT DANIEL WALONI                                                     L                 27.000.000             0,023%
                                      LOCAL INDIVIDUAL

                                      PERORANGAN INDONESIA
13.   LIE CHANDRA                                                              L                 26.550.000             0,022%
                                      LOCAL INDIVIDUAL

                                      PERORANGAN INDONESIA
14.   ARSYAH FEBRIAN RASYID                                                    L                 22.698.800             0,018%
                                      LOCAL INDIVIDUAL



                                                                                                                                 105
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     01

                                                                                                                                         Jumlah           Persentase
                                                                                                                Klasifikasi
    02                                                                                                                                   Lembar           Kepemilikan
                                                     Nama Investor                       Status             (L=Lokal/A=Asing)
                                      No.                                                                                                Saham             Ownership
                                                     Investor Name                       Status                Classification
                                                                                                                                        Number of         Percentage
                                                                                                           (L=Local/A=Foreign)
                                                                                                                                         Shares               (%)
   03
                                             KOPERASI SIMPAN PINJAM             KOPERASI
                                       15.                                                                            L                 19.196.900             0,016%
                                             NUSANTARA SEJAHTE                  COOPERATIVE

    04                                 16.   HENOCH WEYLIM
                                                                                PERORANGAN INDONESIA
                                                                                                                      L                 17.431.200             0,014%
                                                                                LOCAL INDIVIDUAL

                                             B U D I P R I S WA N T O   BUDI    PERORANGAN INDONESIA
                                       17.                                                                            L                 16.000.000             0,013%
                                             PRISWANTO                          LOCAL INDIVIDUAL
    05
                                                                                PERORANGAN INDONESIA
                                       18.   IRWAN SOETIKNO                                                           L                 15.484.100             0,0129%
                                                                                LOCAL INDIVIDUAL
   06                                  19.
                                             FERRY DARMAWAN FERRY               PERORANGAN INDONESIA
                                                                                                                      L                 15.451.100             0,0129%
                                             DARMAWAN                           LOCAL INDIVIDUAL

                                                                                PERSEROAN TERBATAS
                                       20.   PT COALSON INVESTAMA CIPTA         LIMITED LIABILITY                     L                 15.255.800             0,0127%
                                                                                COMPANY




                                      Daftar Entitas Anak, Entitas Asosiasi, Joint Venture
                                      (JV), Special Purpose Vehicle (SPV)
Profil Perusahaan - Company Profile




                                      List of Subsidiaries, Associates, Joint Venture (JV), Special Purpose Vehicle
                                      (SPV)

                                                                                                      Penyertaan          Kepemilikan
                                                                                                                                          Jumlah aset
                                                                                                         Modal,            Oleh GMF
                                                                                                                                            (Rp Juta)
                                                                                                       Pendirian,          Ownership
                                                            Bidang                                                                        Total Assets
                                         Nama                                     Alamat                Operasi             by GMF                               Status
                                                            Usaha                                                                          (Rp Million)
                                         Name                                     Address                Capital              (%)                                Status
                                                        Business Line
                                                                                                      Investment,
                                                                                                     Establishment,       2025 2024      2025        2024
                                                                                                      Operational
                                      Entitas Anak
                                      Subsidiaries

                                                                               Jalan Husein
                                                                               Sastranegara
                                                                               Blok F Nomor 2,
                                                     Jasa penyediaan           Rukun Tetangga
                                      PT Garuda      tenaga kerja dan jasa     005, Rukun Warga
                                      D a y a        borongan pekerjaan        004, Kelurahan                                                                   Beroperasi
                                                                                                    2019                    91     91    137,570     108,682
                                      Pratama        lainnya                   J u r u m u d i ,                                                                Operating
                                      Sejahtera      Labor supply and other    Kecamatan
                                                     wholesale services        Be n da , Kota
                                                                               Ta n g e r a n g ,
                                                                               Provinsi Banten
                                                                               15124




106
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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                Kronologi Penerbitan dan Pencatatan Saham
                                                      Chronology of Share Issuance and Listing




GMF mencatatkan sahamnya pertama kali di Bursa Efek        GMF listed its shares for the first time on the Indonesia
Indonesia (BEI) pada tanggal 10 Oktober 2017. GMF          Stock Exchange (IDX) on October 10, 2017. GMF offered
menawarkan 2.823.351.100 saham biasa atas nama atau        2,823,351,100 common, registered stock or 10% of the
10% dari modal ditempatkan dengan harga penawaran          issued capital, offering Rp400 per share to the public.
Rp400 per saham kepada masyarakat. Saat IPO terjadi        GMF experienced an oversubscribed IPO by 2.6 times




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
over subscribe sebanyak 2,6 kali dengan nilai proceed      and gained a proceed value of Rp1,129,340,440,000.
sebesar Rp1.129.340.440.000.

Sejak mencatatkan sahamnya di BEI pada tanggal 10          Since registered its shares in IDX on October 10, 2017,
Oktober 2017 hingga akhir tahun 2025, GMF tidak            until the end of 2025, GMF had never conducted any
melakukan pemecahan saham (stock split), penggabungan      of the following corporate actions that might add or
saham (reverse stock), mengeluarkan saham bonus,           deduce its capital, among others, stock split, reverse
merubah nilai nominal saham, mengeluarkan efek konversi,   stock, however, GMF is in the process of implementing
namun pada tahun 2024, GMF dalam proses pelaksanaan        Capital Increase with Pre-Emptive Rights or Rights Issue.
Penambahan Modal Dengan Hak Memesan Efek Terlebih
Dahulu (“PMHMETD”) atau Rights Issue.

PMHMETD dilaksanakan sesuai dengan Keputusan               PMHMETD is implemented in accordance with the
Rapat Umum Pemegang Saham Luar Biasa yang                  Decision of General Meeting of Shareholders on October
diselenggarakan pada tanggal 28 Oktober 2024               28, 2024 and based on Disclosure Information which
dan berdasarkan Keterbukaan Informasi yang telah           published on September 9, 2024.
dipublikasikan pada tanggal 9 September 2024.

Kemudian pada tahun 2025, Perseroan melaksanakan           In 2025, the Company carried out a corporate action
aksi korporasi berupa inbreng lahan seluas 973.120 m²      in the form of an inbreng of land covering an area of
dari PT Angkasa Pura Indonesia yang berdampak pada         973,120 m² from PT Angkasa Pura Indonesia, which
perubahan struktur saham dan modal Perseroan. Hal          resulted in changes to the Company’s shareholding and
tersebut dilaksanakan sesuai Rapat Umum Pemegang           capital structure. This was implemented in accordance
Saham Luar Biasa (RUPSLB) pada 24 Oktober 2025             with the Extraordinary General Meeting of Shareholders
serta Keterbukaan Informasi yang telah dipublikasikan      (EGMS) held on October 24, 2025, as well as the
pada tanggal 17 September 2025. Pemegang saham             Disclosure of Information published on September 17,
menyetujui pelaksanaan Penambahan Modal dengan Hak         2025. The shareholders approved the implementation of
Memesan Efek Terlebih Dahulu II (“PMHMETD II”) atau        a Capital Increase with Pre-emptive Rights II (PMHMETD
Rights Issue, yang prosesnya selesai pada 27 Januari       II) or Rights Issue, the process of which was completed
2026. Aksi korporasi ini dilakukan sebagai bagian dari     on January 27, 2026. This corporate action was carried
proses inbreng aset PT Angkasa Pura Indonesia ke           out as part of the asset inbreng process of PT Angkasa
dalam GMF, sehingga memperkuat struktur permodalan         Pura Indonesia into GMF, thereby strengthening the
sekaligus mendukung strategi pengembangan                  Company’s capital structure while supporting its
Perseroan.                                                 development strategy.


                                            Jumlah Lembar Saham Setelah                Jumlah Lembar Saham
 Jumlah Lembar Saham Sebelum IPO
                                                    Penambahan                              Akumulasi
     Share Numbers Before IPO
                                           Share Numbers After the Addition          Accumulated Share Numbers
                665,600                               28,232,845,900                         28,233,511,500




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     01

                                                                                     Kronologi Kepemilikan Saham GMF
    02                                                                                GMF Share Ownership Chronology
                                                                                                                            Modal Ditempatkan        Persentase
                                                                                                       Jumlah Lembar        dan Disetor Penuh        Kepemilikan
                                                 Keterangan
   03                                                                        Pemegang Saham                Saham           Issued and Fully Paid      Ownership
                                                 Description
                                                                               Shareholders            Share Numbers              Capital            Percentage
                                                                                                                                   (Rp)                  (%)
    04                                  Pra IPO 10 Oktober 2017 (Nilai
                                                                            PT Garuda Indonesia                 658,944          164,736,000,000            99.00
                                                                            (Persero) Tbk
                                        Nominal Saham = Rp250,000/lembar
                                        saham)                              PT Aero Wisata                        6,656             1,664,000,000            1.00
    05                                  Before IPO on October 10, 2017
                                        (Share Value = Rp250,000/share)     Jumlah
                                                                                                                665,600          166,400,000,000           100.00
                                                                            Total

                                                                            PT Garuda Indonesia
   06                                                                                                    34,249,304,396         2,742,937,019,600           28.53
                                                                            (Persero) Tbk

                                                                            PT Aero Wisata                  345,952,504           27,706,432,900             0.28

                                                                            PT Angkasa        Pura
                                                                                                          82,100,173,900        2,052,504,347,500           68.40
                                                                            Indonesia
                                        Pasca IPO per 31 Desember 2025      Dewan Komisaris dan
                                        (Nilai Nominal Saham = Rp100/       Direksi
                                        lembar saham)                                                           673,900                67,397,900            0.00
                                                                            Board of Commissioners
                                        After IPO as of December 31, 2025   and Board of Directors
                                        (Share Value = Rp100/share)
                                                                            Masyarakat (masing-
                                                                            masing kepemilikan < 5%)
                                                                                                           3,327,437,624          294,937,273,100            2.77
                                                                            Public (each with < 5%
                                                                            ownership)

                                                                            Jumlah
                                                                                                         120,023,542,324         5,118,152,471,000            100
                                                                            Total
Profil Perusahaan - Company Profile




                                      Informasi Kronologi Penerbitan
                                      dan Pencatatan Efek Lainnya
                                      Chronological Information on Other Securities Issuance and Listing



                                      Hingga akhir tahun 2025, GMF tidak mencatatkan efek               By the end of 2025, GMF had not listed any securities on
                                      di bursa efek mana pun. Dengan demikian tidak ada                 any stock exchange. Therefore, there was no information
                                      informasi terkait kronologis pencatatan, jenis tindakan           related to chronological listings, types of corporate
                                      korporasi, perubahan jumlah efek, nama bursa maupun               actions, changes in the number of securities, the names
                                      peringkat efek.                                                   of stock exchanges, or securities rankings.




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                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                    Lembaga dan Profesional Penunjang
                                                               Supporting Agencies and Professionals




Pencatatan Saham
Share Listing
                             PT Bursa Efek Indonesia
                             Indonesia Stock Exchange Building 1st Tower
Nama                         Jl. Jenderal Sudirman Kav. 52-53, Jakarta 12190
Name                         Telp: 021 5150 515
                             Email: listing@idx.co.id




                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                             www.idx.co.id
Jasa yang Diberikan          Jasa pencatatan saham tahunan.
Services                     Annual stock listing services.
Periode Pemberian Jasa       Oktober 2017-sekarang
Assignment Period            October 2017-present


Kustodian Sentral Efek
Sentral Custody Securities
                             PT Kustodian Sentral Efek Indonesia
                             Gedung Bursa Efek Indonesia, Tower 1, Lt. 5
Nama
                             Jl. Jend. Sudirman kav. 52-53, Jakarta 12190 Indonesia
Name
                             Telp: 021 5152 855
                             Email: helpdesk@ksei.co.id
                             •   Jasa Kustodian Sentral Efek
                                 Central Custody Services
Jasa yang Diberikan
Services
                             •   Jasa penyelenggaraan RUPS Tahunan dan Luar Biasa
                                 Holding of Annual and Extraordinary GMS services
Periode Pemberian Jasa       Oktober 2017-sekarang
Assignment Period            October 2017-present


Akuntan Publik
Public Accountant
                             Kantor Akuntan Publik Purwanto Susanti dan Surja (Firma Anggota Jaringan Global Ernst & Young)
Nama                         Indonesia Stock Exchange Building, Tower 2, 7th Floor, Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190
Name                         +62 21 52895000
                             www.ey.com/id


                             •   Audit atas Laporan Keuangan Konsolidasian Tahun Buku 31 Desember 2025
                                 Audited the Company’s Financial Statement for 2025 Financial Year

                             •   Laporan Kepatuhan terhadap Perundang-Undangan dan Pengendalian Internal periode 31 Desember
                                 2025
                                 Compliance Report with Laws and Regulations and Internal Control as of December 31, 2025


Jasa                         •   Laporan Jasa AUP atas Laporan Pencapaian Key Performance Indicator (KPI) periode 31 Desember
Services                         2025
                                 AUP Engagement Report on the Achievement of Key Performance Indicators (KPI) as of December
                                 31, 2025


                             •   Laporan Jasa AUP terhadap Laporan Kegiatan Penerapan Prinsip Kehati-hatian (KPPK) Perseroan
                                 Tahun Buku 31 Desember 2023
                                 AUP Engagement Report on the Implementation of the Company’s Prudential Principles (KPPK)
                                 Activities for the Fiscal Year ended December 31, 2023


Periode Penugasan            2025
Assignment Period
Nomor STTD                   STTD.AP-40/PM.021/2024 tanggal 2 April 2024
Number STTD                  STTD.AP-40/PM.021/2024 dated April 2, 2024



                                                                                                                                   109
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     01
                                      Biro Administrasi Efek
                                      Share Registrar
    02
                                                               PT Datindo Entrycom
                                      Nama                     Jl Hayam Wuruk No.28 Kebon Kelapa, Gambir, Jakarta 10120
                                      Name                     +62 21 3508077
   03                                                          www.datindo.com

                                                               •   Administrasi saham pasar sekunder
                                                                   Administration of share ownership on the secondary market
    04
                                      Jasa                     •   Pelaksanaan RUPS Tahunan dan Luar BIasa
                                      Services                     Annual and Extraordinary GMS holding

    05                                                         •   Pengelolaan Pencatatan Saham pada Proses PMHMETD
                                                                   Management of Registration in Rights Issue Process

                                      Periode Penugasan        Oktober 2017-sekarang
   06                                 Assignment Period        October 2017-present




                                      Notaris
                                      Notary

                                                               Shanti Indah Lestari, S.H., M.Kn.
                                      Nama
                                                               Jl. Mahakam F 34/7 Pondok Indah, Kutabumi, Pasar Kemis, Tangerang 15560
                                      Name
                                                               +62 81808391586

                                                               Jasa Notaris RUPS Tahunan, RUPS Luar Biasa, dan proses PMHMETD, dan peningkatan modal berupa
                                      Jasa                     tanah/aset non-tunai ke dalam perusahaan (inbreng).
                                      Services                 Notary Services for Annual GMS, Extraordinary GMS, and Rights Issue Process, Land In-Kind Capital
                                                               Contribution.

                                      Periode Penugasan
                                                               2025
                                      Assignment Period
Profil Perusahaan - Company Profile




                                      Nomor STTD               STTD.N-95/PJ-1/PM-02/2023 tanggal 12 April 2023 atas nama Shanti Indah Lestari, SH., M.Kn.
                                      Number STTD              STTD.N-95/PJ-1/PM-02/2023 dated April 12, 2023, issued by Shanti Indah Lestari, SH., M.Kn.



                                      Firma Hukum
                                      Law Firm

                                      Nama
                                                               TnP Law Firm
                                      Name

                                                               •   Jasa Firma Hukum dalam RUPS Luar Biasa
                                                                   Law Firm Services for Extraordinary GMS
                                      Jasa
                                      Services
                                                               •   Jasa Firma Hukum dalam PMHMETD.
                                                                   Law Firm Services for Rights Issue Process

                                      Periode Penugasan
                                                               2025
                                      Assignment Period

                                      Nomor STTD               STTD.KH-454/PM.223/2022 tanggal 9 Maret 2022 atas nama Ken Prasadtyo
                                      Number STTD              STTD.KH-454/PM.223/2022 dated March 9, 2022, issued by Ken Prasadtyo




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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Page 112
     01

                                      Kerja Sama Dengan Mitra Lain
    02
                                      Cooperation with Other Partners

   03


    04
                                      GMF terus menjalin kerja sama dengan sejumlah mitra       GMF continues to partner with various parties to
                                      untuk memperkuat bisnis dari berbagai sisi, terutama      strengthen its business from multiple aspects,
    05                                Supply Chain Management, Sales & Marketing ,              particularly in Supply Chain Management, Sales &
                                      Perbankan dan Sumber Daya Manusia (SDM). GMF juga         Marketing, Banking, and Human Resources. GMF also
                                      menjalin kerja sama lainnya melalui pembentukan Joint     engages in other forms of collaboration through Joint
   06                                 Operation untuk memperluas pasar dan meningkatkan         Operations in order to expand market reach and increase
                                      pendapatan.                                               revenue.

                                      Adapun bentuk kerja sama yang telah dilakukan GMF         The forms of cooperation undertaken by GMF with its
                                      dengan mitra lain sepanjang tahun 2025 adalah sebagai     partners throughout 2025 are as follows:
                                      berikut:

                                      Mitra Domestik:                                           Domestic Partners:
                                      1. PT Garuda Indonesia (Persero) Tbk                      1. PT Garuda Indonesia (Persero) Tbk
                                      2. PT Citilink Indonesia                                  2. PT Citilink Indonesia
                                      3. PT Pelita Air Service                                  3. PT Pelita Air Service
                                      4. Kementerian Pertahanan Republik Indonesia              4. Kementerian Pertahanan Republik Indonesia
                                      5. PT Kilang Pertamina Internasional                      5. PT Kilang Pertamina Internasional
                                      6. PT Pertamina Power Indonesia                           6. PT Pertamina Power Indonesia
Profil Perusahaan - Company Profile




                                      7. PT Pelayanan Listrik Nasional Batam                    7. PT Pelayanan Listrik Nasional Batam
                                      8. PT Turkish Aerospace Indonesia                         8. PT Turkish Aerospace Indonesia
                                      9. PT Telkom Satelit Indonesia                            9. PT Telkom Satelit Indonesia
                                      10. PT Astra Otoparts Tbk                                 10. PT Astra Otoparts Tbk
                                      11. PT Grab Teknologi Indonesia                           11. PT Grab Teknologi Indonesia
                                      12. PT Bank Negara Indonesia (Persero) Tbk                12. PT Bank Negara Indonesia (Persero) Tbk
                                      13. PT Kereta Api Indonesia (Persero)                     13. PT Kereta Api Indonesia (Persero)
                                      14. PT Bandarudara Internasional Jawa Barat (PERSERODA)   14. PT Bandarudara Internasional Jawa Barat (PERSERODA)

                                      Mitra Internasional:                                      International Partners:
                                      1. Cebu Air, Inc.                                         1. Cebu Air, Inc.
                                      2. Martinair Holland N.V.                                 2. Martinair Holland N.V.
                                      3. Korean Air Lines Co., Ltd.                             3. Korean Air Lines Co., Ltd.
                                      4. Lufthansa Technik AG                                   4. Lufthansa Technik AG
                                      5. Texel Air Limited                                      5. Texel Air Limited
                                      6. Etihad Airways                                         6. Etihad Airways
                                      7. All Nippon Airways Co., Ltd                            7. All Nippon Airways Co., Ltd
                                      8. Qantas Airways Limited                                 8. Qantas Airways Limited
                                      9. Virgin Australia International Airlines Pty Ltd        9. Virgin Australia International Airlines Pty Ltd
                                      10. Egypt Air                                             10. Egypt Air
                                      11. Air Niugini Limited, Icelandair EHF                   11. Air Niugini Limited, Icelandair EHF
                                      12. CA Fly Pro SRL                                        12. CA Fly Pro SRL
                                      13. Sunlight Express Airways Corporation                  13. Sunlight Express Airways Corporation
                                      14. The Boeing Company                                    14. The Boeing Company
                                      15. Segers Aero Corporation                               15. Segers Aero Corporation




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                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
KERJA SAMA DENGAN INSTITUSI                               COOPERATION WITH LOCAL AND
DALAM NEGERI DAN LUAR NEGERI                              FOREIGN INSTITUTIONS

Kerja sama dengan institusi lokal dan asing mendukung     Collaboration with local and international institutions
GMF untuk meningkatkan daya saing. Melalui kerja          supports GMF in enhancing its competitiveness.
sama yang kuat, GMF mendapatkan sarana yang               Through strong partnerships, GMF gains the means to
dibutuhkan untuk memperkuat kapabilitas operasional,      strengthen its operational capabilities, improve service
meningkatkan kualitas layanan, serta memperluas akses     quality, and expand access to new markets and business
terhadap pasar dan peluang bisnis baru.                   opportunities.

GMF terlibat dalam berbagai bentuk kerja sama,            GMF engages in various forms of cooperation,
termasuk pembinaan hubungan dengan kedutaan besar         including building relationships with embassies and
dan institusi perdagangan asing. GMF juga berkolaborasi   foreign trade institutions. GMF also collaborates with
dengan instansi pemerintah, seperti Kementerian           government agencies, such as the Ministry of Industry,




                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Perindustrian, untuk mendukung pengembangan               to support the development of the national industry and
industri nasional dan peningkatan kapasitas usaha. Di     enhance business capacity. In terms of human capital
sisi pengembangan sumber daya manusia, Perseroan          development, the Company consistently establishes
juga secara konsisten membangun kerja sama dengan         partnerships with leading universities in Indonesia.
universitas-universitas terkemuka di dalam negeri.

Adapun kerja sama yang terus berlangsung dengan mitra     The ongoing collaborations with other partners
lain sepanjang tahun 2025 adalah sebagai berikut          throughout 2025 are as follows:
1. Kementerian Perhubungan Direktorat Jendral             1. Ministry of Transportation, Directorate General of
    Perhubungan Udara KUPBU Kelas I                           Civil Aviation, Class I KUPBU
2. Universitas Brawijaya                                  2. Brawijaya University
3. Direktorat Keamanan Siber dan Sandi Teknologi          3. The Directorate of Cyber Security and Cryptography
    Informasi dan Komunikasi, Media, dan Transportasi         for Information and Communication Technology,
    Badan Siber dan Sandi Negara                              Media, and Transportation, under Badan Siber dan
                                                              Sandi Negara
4. Tim Penelitian Pengabdian Kepada Masyarakat dan        4. The Research, Community Service, and Innovation
   Inovasi Fakultas Teknik Mesin dan Dirgantara Insitut       Team, Faculty of
   Teknologi Bandung
5. Badan Perencanaan Pembangunan Nasional                 5. Mechanical and Aerospace Engineering, Institut
                                                             Teknologi Bandung
6. Ikatan Ahli Fasilitas Produksi Migas Indonesia         6. National Development Planning Agency
7. Asosiasi Ahli Fasilitas Produksi Minyak dan Gas        7. Indonesian Association of Oil and Gas Production
   Indonesia Perhimpunan Pengujian Non-Destruktif            Facility Experts Indonesian Society for Non-Destruct
   Indonesia




                                                                                                                     113
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     01

                                      Informasi Situs Web GMF
    02
                                      GMF Website

   03


    04


    05


   06
Profil Perusahaan - Company Profile




                                      GMF telah memenuhi ketentuan umum atas informasi               GMF has fulfilled the general requirements on Issuers’ or
                                      yang diwajibkan oleh regulator sebagaimana yang                Public Companies’ website as stated in OJK Regulation
                                      tertuang dalam Peraturan OJK No. 8/POJK.04/2015                No. 8/POJK.04/2015.
                                      tentang Situs Web Emiten atau Perusahaan Publik.

                                      GMF memiliki situs web resmi www.gmf-aeroasia.co.id            GMF has an official website at www.gmf-aeroasia.co.id
                                      yang tersedia dalam Bahasa Indonesia dan Bahasa                in Indonesian and English. The GMF website displays
                                      Inggris. Situs web GMF menampilkan informasi Perseroan         Company information accessible by the stakeholders
                                      yang dapat diakses oleh pemangku kepentingan maupun            and the general public.
                                      masyarakat umum.


                                                                                        Informasi                                         Website GMF
                                        No.
                                                                                       Information                                        GMF Website
                                              Informasi Perseroan
                                         1.
                                              Company Information

                                              Informasi Bagi Pemodal atau Investor
                                         2.
                                              Information for Investors

                                              Informasi Tata Kelola Perusahaan
                                         3.
                                              Information on Corporate Governance

                                              Informasi Tanggjung Jawab Sosial Perusahaan
                                         4.
                                              Information on Corporate Social Responsibility




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                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                            Informasi Menu Website GMF
                                                Website Menu of GMF
                   Informasi Perusahaan                                    Corporate Information
•   Visi - Misi                                          •   Vision - Mission
•   Sejarah Singkat GMF                                  •   History & Short Brief of GMF
•   Dewan Komisaris & Direksi                            •   BOC & BOD
•   Pelanggan Kami                                       •   Our Customers
•   Penghargaan & Pencapaian                             •   Awards & Achievements
•   Sertifikat                                           •   Certificate
•   CSR                                                  •   CSR
•   Pendekatan Kemanusiaan & Keramahan Indonesia         •   Human Touch & Indonesian Hospitality

                        Layanan Kami                                             Our Services
•   Commercial Aircraft MRO                              •   Commercial Aircraft MRO
•   GMF Defense                                          •   GMF Defense




                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
•   Power Services                                       •   Power Services
•   AOG Support                                          •   AOG Support
•   Kunjungi Fasilitas Kami                              •   Explore Our Facility

                             Fasilitas                                                Facilities
•   Sekilas Hanggar                                      •   Hanggar Overview
•   Fasilitas Lain                                       •   Other Facilities

                      Hubungan Investor                                        Investor Relations
•   Laporan Tahunan                                      •   Annual Reports
•   Laporan Keberlanjutan                                •   Sustainability Reports
•   Laporan RUPS                                         •   GMF Report
•   Laporan Keuangan                                     •   Financial Report
•   Harga Saham                                          •   Stock Price
•   Keuntungan Berinvestasi di GMF                       •   Why You Should Invest in GMF
•   Laporan Bisnis Bulanan                               •   Monthly Business Update

                      Anak Perusahaan                                             Subsidiary
GDPS                                                     GDPS

                        Ruang Berita                                              News Room
•   Siaran Pers                                          •   Press Release
•   SBU Deferense Update                                 •   SBU Deferense Update
•   Kegiatan & Konferensi                                •   Event & Conference

                   Tata Kelola Perusahaan                                  Corporate Governance
•   Praktik GCG                                          •   GCG Practices
•   Komite Audit                                         •   Audit Committee
•   Pengadaan                                            •   Procurement

                        Hubungi Kami                                              Contact Us
•   Info Kontak Perusahaan                               •   Corporate Contact Info
•   Sales & Marketing                                    •   Sales & Marketing

                              Karir                                                    Career
Lowongan & Program Magang                                Jobs Vacancy & Internship




                                                                                                    115
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      Analisis dan Pembahasan Manajement - Management Analysis and Discussion


                                                                                                         01




                                                                                          04
                                                                                                    02




                                                                                     05


                                                                                06




116
                                                                                               03
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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                         Management
                                                                         Analysis and
                                                                          Discussion
Page 118
           01

                                                                          Tinjauan Perekonomian dan Industri
        02
                                                                          Industrial and Economic Review

      03


         04
                                                                          Dihadapkan pada dinamika ekonomi global yang diwarnai         Amid global economic dynamics marked by rising
                                                                          oleh meningkatnya kebijakan proteksionisme dan                protectionist policies and the imposition of high tariffs
        05                                                                penerapan tarif tinggi yang memicu tensi perdagangan          that have heightened international trade tensions,
                                                                          internasional, Indonesia tetap mampu menunjukkan              Indonesia has continued to demonstrate resilient
                                                                          kinerja yang resilien.                                        performance.
       06
                                                                          Kementerian Keuangan mencatat bahwa sepanjang                 The Ministry of Finance recorded that throughout 2025,
                                                                          tahun 2025 Indonesia berhasil membukukan surplus              Indonesia succeeded in maintaining a trade balance
                                                                          neraca perdagangan sebesar USD46 juta. Pencapaian             surplus of USD46 million. This achievement reflects
                                                                          ini mencerminkan daya tahan sektor perdagangan                the resilience of the national trade sector amid global
                                                                          nasional di tengah tekanan global, yang tidak terlepas        pressures, supported by sustained demand from several
                                                                          dari tetap terjaganya permintaan dari sejumlah mitra          key trading partners. Based on data from the Statistics
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          dagang utama. Berdasarkan data Badan Pusat Statistik          Indonesia (BPS), a number of Indonesia’s major trading
                                                                          (BPS), beberapa negara mitra utama Indonesia mencatat         partners recorded relatively strong economic growth
                                                                          pertumbuhan ekonomi yang relatif kuat dan bahkan              and even showed strengthening trends in Q4-2025,
                                                                          cenderung menguat pada kuartal IV-2025, antara lain           including Singapore at 5.7%, Malaysia at 5.7%, Vietnam
                                                                          Singapura sebesar 5,7%, Malaysia 5,7%, Vietnam 8,5%,          at 8.5%, and South Korea at 1.5%. These conditions
                                                                          dan Korea Selatan 1,5%. Kondisi tersebut turut menopang       supported Indonesia’s export performance, particularly
                                                                          kinerja ekspor Indonesia, khususnya pada komoditas            in key commodities, thereby maintaining a positive trade
                                                                          unggulan, sehingga menjaga keseimbangan neraca                balance.
                                                                          perdagangan tetap positif.

                                                                          Dari sisi domestik, perekonomian Indonesia juga               From the domestic side, Indonesia’s economy also
                                                                          menunjukkan fundamental yang solid, didukung                  demonstrated solid fundamentals, supported by
                                                                          oleh kuatnya aktivitas konsumsi masyarakat dan                strong consumption activity and increased economic
                                                                          meningkatnya transaksi ekonomi. Data BPS dan Bank             transactions. Data from BPS and Bank Indonesia (BI)
                                                                          Indonesia (BI) menunjukkan bahwa konsumsi per kapita          show that per capita consumption in the food, beverage,
                                                                          pada kelompok jasa makanan, minuman, dan akomodasi            and accommodation services category grew significantly
                                                                          tumbuh signifikan sebesar 10,66% secara tahunan (YoY),        by 10.66% year-on-year (YoY), reflecting increased
                                                                          mencerminkan meningkatnya mobilitas dan aktivitas             mobility and activity in the service sector. Meanwhile,
                                                                          sektor jasa. Sementara itu, konsumsi pada kelompok            consumption in other goods and services also grew
                                                                          barang dan jasa lainnya juga mengalami pertumbuhan            by 6.11% (YoY), indicating sustained purchasing power
                                                                          sebesar 6,11% (YoY), yang mengindikasikan daya beli           among consumers.
                                                                          masyarakat yang tetap terjaga.

                                                                          Di sisi stabilitas harga, tingkat inflasi tahunan pada        In terms of price stability, the annual inflation rate in
                                                                          Desember 2025 tercatat sebesar 2,92%, yang masih              December 2025 was recorded at 2.92%, remaining
                                                                          berada dalam kisaran target nasional sebesar 1,5%-            within the national target range of 1.5%-3.5%. This
                                                                          3,5%. Kondisi inflasi yang terkendali ini menjadi indikator   controlled inflation level serves as an important indicator
                                                                          penting terjaganya stabilitas makroekonomi, sekaligus         of maintained macroeconomic stability, while also
                                                                          memberikan ruang bagi dunia usaha untuk terus                 providing a conducive environment for businesses to
                                                                          berkembang dengan tingkat kepastian yang lebih baik.          grow with greater certainty.

                                                                          Industri penerbangan global menunjukkan tren                  The global aviation industry has shown a positive
                                                                          pemulihan dan pertumbuhan yang positif pascapandemi,          recovery and growth trend in the post-pandemic period,
                                                                          yang semakin didorong oleh ekspansi pasar di kawasan          increasingly driven by market expansion in Asia and
                                                                          Asia dan Timur Tengah. Berdasarkan data Global Fleet          the Middle East. According to the Global Fleet and
                                                                          and MRO Market Forecast 2025 oleh Oliver Wyman,               MRO Market Forecast 2025 by Oliver Wyman, the
                                                                          jumlah armada pesawat global pada awal 2025 mencapai          global aircraft fleet at the beginning of 2025 reached
                                                                          sekitar 29.000 unit dan diproyeksikan meningkat sekitar       approximately 29,000 units and is projected to grow by
                                                                          32% menjadi ±38.300 unit pada tahun 2035, dengan              around 32% to approximately 38,300 units by 2035, with


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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
tingkat pertumbuhan tahunan gabungan (CAGR) sebesar        a compound annual growth rate (CAGR) of 2.8%. This
2,8%. Pertumbuhan ini mencerminkan meningkatnya            growth reflects rising demand for air travel, particularly
permintaan perjalanan udara, khususnya di negara-          in developing countries.
negara berkembang.

Selain itu, komposisi armada juga menunjukkan              In addition, the composition of the fleet is also shifting,
pergeseran, di mana pesawat jenis narrow-body              with narrow-body aircraft projected to become
diproyeksikan semakin mendominasi hingga mencapai          increasingly dominant, reaching 68% by 2035 from
68% pada tahun 2035 dari sekitar 62% saat ini,             around 62% currently, in line with airlines’ operational
seiring dengan tren efisiensi operasional maskapai.        efficiency trends. The growing share of fleets in China,
Pertumbuhan pangsa armada di wilayah Tiongkok,             the Middle East, and India also indicates the emergence
Timur Tengah, dan India juga menjadi indikator penting     of new growth centers in the global aviation industry.
meningkatnya pusat pertumbuhan baru dalam industri
penerbangan global.




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Sejalan dengan perkembangan tersebut, industri             In line with these developments, the global Maintenance,
Maintenance, Repair, and Overhaul (MRO) global juga        Repair, and Overhaul (MRO) industry is also showing
menunjukkan prospek yang semakin positif. Berdasarkan      increasingly positive prospects. Based on the same
sumber yang sama, nilai pasar MRO global diperkirakan      source, the global MRO market is expected to grow by
tumbuh sekitar 15%, dari USD104 miliar pada tahun 2024     around 15%, from USD104 billion in 2024 to USD120
menjadi USD120 miliar pada tahun 2025. Pertumbuhan         billion in 2025. This growth is driven by the increasing
ini didorong oleh meningkatnya jumlah armada yang          number of operating aircraft, greater maintenance
beroperasi, kebutuhan perawatan pesawat yang lebih         needs, and the aging of fleets in several regions.
intensif, serta bertambahnya usia armada di beberapa
kawasan.

Asia sendiri menjadi salah satu dari tiga kawasan dengan   Asia is among the top three regions with the largest MRO
nilai pasar MRO terbesar, dengan nilai mencapai sekitar    market value, reaching approximately USD16 billion in
USD16 miliar pada tahun 2025 atau setara dengan 14%        2025, or around 14% of the global market. This highlights
dari total pasar global. Hal ini menunjukkan bahwa         Asia’s strategic role in the global aviation supply chain.
kawasan Asia memiliki peran strategis dalam rantai
pasok industri aviasi global.

Bagi Indonesia, kondisi ini menghadirkan peluang           For Indonesia, these conditions present significant
yang signifikan untuk mengembangkan industri MRO           opportunities to develop its domestic MRO industry.
domestik. Dengan posisi geografis yang strategis,          With its strategic geographic position, increasing
pertumbuhan lalu lintas udara yang terus meningkat,        air traffic growth, and government support for
serta dukungan kebijakan pemerintah dalam penguatan        strengthening the aviation industry, Indonesia has the
industri aviasi, Indonesia berpotensi menjadi salah        potential to become one of the MRO hubs in the region.
satu pusat MRO di kawasan. Optimalisasi peluang ini        Optimizing this opportunity requires enhancing technical
memerlukan peningkatan kapabilitas teknis, investasi       capabilities, investing in infrastructure and technology,
dalam infrastruktur dan teknologi, serta penguatan         and strengthening human capital to compete at both
kualitas sumber daya manusia agar mampu bersaing           regional and global levels.
di tingkat regional maupun global.




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           01

                                                                          Kebijakan Strategis 2025
        02
                                                                          Strategic Policy in 2025

      03


         04
                                                                          Sesuai dengan yang tercantum dalam Rencana Kerja dan          In accordance with the Company’s Work Plan and
                                                                          Anggaran Perusahaan (RKAP) Tahun 2025, serta sejalan          Budget (RKAP) for 2025, and in line with an aviation
        05                                                                dengan tren industri penerbangan yang dipenuhi peluang        industry landscape characterized by both opportunities
                                                                          dan tantangan, Perseroan secara konsisten menjalankan         and challenges, the Company consistently implements
                                                                          berbagai inisiatif strategis yang difokuskan pada             various strategic initiatives focused on strengthening
       06                                                                 penguatan kinerja keuangan dan dukungan terhadap              financial performance and supporting operational
                                                                          keandalan operasional.                                        reliability.

                                                                          Inisiatif-inisiatif tersebut diarahkan untuk mendorong        These initiatives are designed to encourage the
                                                                          Perseroan menjalankan bisnis menciptakan pertumbuhan          Company to conduct its business in a manner that
                                                                          usaha yang sehat dan berkelanjutan yang tidak hanya           fosters robust and sustainable growth, not only oriented
                                                                          berorientasi pada pencapaian keuntungan jangka                toward the achievement of short-term profitability, but
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          pendek, tetapi juga memastikan keberlangsungan                also ensuring business continuity and the creation of
                                                                          usaha dan penciptaan nilai jangka panjang bagi seluruh        long-term value for all stakeholders. The work programs
                                                                          pemangku kepentingan. Program kerja yang ditetapkan           established for 2025 are as follows:
                                                                          pada tahun 2025 adalah sebagai berikut:
                                                                          1. Transformasi Operasional                                   1. Operational Transformation
                                                                              Beberapa langkah yang dilakukan untuk                        Steps taken to enhance the Company’s operational
                                                                              meningkatkan performa operasional difokuskan                 performance were focused on Quality, Cost &
                                                                              pada aspek Quality, Cost & Delivery (QCD) serta              Delivery (QCD) aspects, as well as the strengthening
                                                                              penguatan pegawai dan manajemen rantai pasok:                of people and supply chain management:
                                                                              a. Peningkatan operational excellence melalui                a. Enhancing operational excellence through Turn
                                                                                   program peningkatan Turn Around Time (TAT),                 Around Time (TAT) improvement programs,
                                                                                   peningkatan profitabilitas pekerjaan, penguatan             increasing job profitability, strengthening
                                                                                   manajemen supply chain, serta pengembangan                  supply chain management, and developing
                                                                                   kompetensi dan produktivitas SDM. Selain itu,               employee competency and productivity. In
                                                                                   dilakukan peningkatan pengelolaan fasilitas, tools          addition, improvements are carried out in
                                                                                   & equipment, lingkungan kerja, serta penerapan              facility management, tools & equipment, working
                                                                                   continuous improvement.                                     environment, as well as the implementation of
                                                                                                                                               continuous improvement initiatives.
                                                                             b. Pelaksanaan program reaktivasi pesawat dari                b. Implementation of aircraft reactivation programs
                                                                                Group Affiliation, baik Garuda Indonesia maupun                from Group Affiliates, namely Garuda Indonesia
                                                                                Citilink, dengan memberikan layanan yang                       and Citilink, by delivering optimal services to
                                                                                optimal guna memastikan penyelesaian program                   ensure completion of the programs in line with
                                                                                sesuai target yang ditetapkan.                                 the established targets.
                                                                          2. Optimalisasi Arus Kas                                      2. Cash Flow Optimization
                                                                             Sebagai upaya pengelolaan keuangan, program                   As part of the Company’s financial management
                                                                             optimalisasi arus kas terus dilaksanakan dan                  efforts, cash flow optimization programs continue to
                                                                             melanjutkan program di tahun sebelumnya.                      be implemented, building upon initiatives undertaken
                                                                                                                                           in the previous year.

                                                                             Dalam pengelolaan arus kas, optimalisasi dilakukan            In managing cash flow, optimization is carried out
                                                                             melalui percepatan penagihan piutang ( aging                  through the acceleration of receivables collection
                                                                             receivables), negosiasi credit limit dan payment              (aging receivables), negotiation of credit limits and
                                                                             term kepada vendor, serta percepatan proses                   payment terms with vendors, and acceleration of
                                                                             billing dan invoicing. Selain itu, pengelolaan arus           billing and invoicing processes. In addition, cash
                                                                             kas dilakukan secara disiplin untuk mendukung                 flow is managed in a disciplined manner to support
                                                                             kebutuhan operasional dan pembiayaan investasi                operational requirements and investment financing
                                                                             yang mendukung pertumbuhan usaha di masa                      that support future business growth.
                                                                             depan.




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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
3. Perbaikan Ekuitas                                       3. Equity Improvement
   Pada 2025, Perseroan melaksanakan perbaikan                In 2025, the Company under takes equity
   ekuitas melalui Peningkatan Modal melalui Penyertaan       improvement through a Capital Increase by way
   Modal Non-Tunai. Proses ini mencakup inbreng lahan         of Non-Cash Capital Contribution. This process
   dari PT Angkasa Pura Indonesia, dan aset inbreng           includes the inbreng of land from PT Angkasa Pura
   berupa lahan untuk operasional Perseroan. Adapun           Indonesia, whereby the contributed asset consists
   proses ini dilakukan menggunakan skema right issue         of the Company’s operational land. The process is
   atau Hak Memesan Efek Terlebih Dahulu (HMETD).             carried out through a rights issue scheme or Pre-
4. Pengembangan Teknologi                                     emptive Rights (HMETD).
   Penerapan dan adaptasi teknologi menjadi salah satu     4. Technology Advancement
   fokus utama dalam mendukung keberlangsungan                The adoption and adaptation of technology
   operasional Perseroan. Strategi ini mencakup               constitute one of the key priorities in supporting
   peningkatan keamanan siber untuk melindungi data           the Company’s operational sustainability. This
   dan sistem operasional, serta pengembangan sistem          strategy includes enhancing cybersecurity to




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
   dan digitalisasi proses kerja guna meningkatkan            protect data and operational systems, as well as
   efektivitas dan daya saing Perseroan di tengah             developing systems and digitalizing work processes
   perkembangan teknologi industri aviasi.                    to improve effectiveness and competitiveness amid
5. Pertumbuhan Bisnis yang Menguntungkan                      advancements in aviation industry technology.
   Sebagai upaya mencapai pertumbuhan yang                 5. Profitable Business Growth
   menguntungkan dan berkelanjutan, Perseroan terus           As part of its efforts to achieve profitable and
   mengembangkan bisnis Commercial Aviation dengan            sustainable growth, the Company continues to
   memperkuat dukungan terhadap Group Affiliates              develop its Commercial Aviation business by
   (GA) sebagai captive market, sekaligus mendorong           strengthening support for Group Affiliates (GA)
   peningkatan kontribusi pendapatan dari Non-Group           as a captive market, while also driving increased
   Affiliates (NGA). Perseroan mengadopsi pendekatan          revenue contribution from Non-Group Affiliates
   yang seimbang antara GA dan NGA dengan target              (NGA). The Company adopts a balanced approach
   komposisi pendapatan yang proporsional, guna               between GA and NGA, targeting a proportional
   mendiversifikasi sumber pendapatan, menyeimbangkan         revenue composition to diversify revenue sources,
   risiko, dan memastikan keberlanjutan jangka panjang.       balance risks, and ensure long-term sustainability.
   Selain itu, Perseroan juga terus mengakselerasi            In addition, the Company continues to accelerate
   pertumbuhan pada segmen Government & Industrial            growth in the Government & Industrial Solutions
   Solutions melalui optimalisasi aktivitas maintenance,      segment through the optimization of maintenance
   pengembangan kapabilitas dan kapasitas, serta              activities, enhancement of capabilities and capacity,
   pencarian sumber pendapatan baru.                          as well as the exploration of new revenue streams.

   Peningkatan kinerja dalam beberapa tahun terakhir          The improvement in performance over the past
   menjadi fondasi bagi Perseroan untuk melakukan             few years has provided a strong foundation for the
   ekspansi bisnis, memperluas jangkauan pasar,               Company to pursue business expansion, broaden
   dan mengembangkan kapasitas dan kapabilitas                market reach, and develop new capacities and
   baru guna memasuki segmen maupun pasar baru.               capabilities to enter new segments and markets.
   Ekspansi dilakukan secara organik maupun melalui           Expansion is carried out both organically and
   strategic partnership di tingkat domestik dan              through strategic partnerships at the domestic
   internasional, termasuk dalam bentuk Joint Venture,        and international levels, including Joint Ventures,
   Joint Operation, serta kerja sama strategis lainnya.       Joint Operations, and other strategic collaborations.
   Melalui langkah ini, GMF memperkuat posisinya di           Through these initiatives, GMF strengthens its
   pasar global sekaligus membuka akses terhadap              position in the global market while opening access
   pelanggan baru dan peluang pertumbuhan yang                to new customers and broader growth opportunities.
   lebih luas.




                                                                                                                      121
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           01

                                                                          Aspek Pemasaran
        02
                                                                          Marketing Aspect

      03


         04
                                                                          PANGSA PASAR                                               MARKET SHARE
        05                                                                GMF melayani konsumen bisnis menggunakan                   GMF serves business consumers with a business-to-
                                                                          pendekatan business to business (B2B) dan membagi          business (B2B) approach, dividing its market share
                                                                          pangsa pasarnya ke dalam beberapa kategori yaitu grup      into several categories of affiliate group (GA) and non-
       06                                                                 afiliasi (GA) dan non-grup afiliasi (NGA), serta pasar     affiliate group (NGA), as well as global and domestic
                                                                          global dan domestik.                                       markets.

                                                                          GMF terus memperkuat kehadirannya di pasar dengan          GMF continues to strengthen its market presence by
                                                                          memanfaatkan jaringan domestik yang luas serta             leveraging its extensive domestic network and strategic
                                                                          posisinya yang strategis di Indonesia. Sebagai penyedia    position in Indonesia. As a leading MRO service provider,
                                                                          layanan MRO terkemuka, GMF melayani dua segmen             GMF serves two main market segments: (1) the domestic
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          pasar utama: (1) pasar domestik, yang terdiri dari         market, consisting of Indonesian airlines and other
                                                                          maskapai penerbangan Indonesia dan perusahaan lain         companies requiring MRO services within the country,
                                                                          yang membutuhkan layanan MRO di dalam negeri, serta        and (2) the global market, which includes international
                                                                          (2) pasar global, yang mencakup klien internasional yang   clients conducting business activities in Indonesia.
                                                                          memiliki aktivitas usaha di wilayah Indonesia.

                                                                          Dalam upaya memperluas pangsa pasar, GMF                   To expand its market share, GMF implements various
                                                                          menjalankan berbagai inisiatif pemasaran yang              marketing initiatives tailored to each segment. For the
                                                                          disesuaikan dengan masing-masing segmen. Khusus            domestic market, GMF optimizes its advantage through
                                                                          pasar domestik, GMF mengoptimalkan keunggulannya           its extensive Outstation Line Maintenance network,
                                                                          melalui jaringan Outstation Line Maintenance yang          which is present at nearly all airports across Indonesia.
                                                                          tersebar di hampir seluruh bandara di Indonesia,           This ensures reliable and efficient services for airline
                                                                          memastikan layanan yang andal dan efisien bagi             partners, making it a key competitive edge in attracting
                                                                          mitra maskapai. Jangkauan yang luas ini menjadi nilai      new clients and securing long-term contracts.
                                                                          tambah yang signifikan dalam menarik klien baru dan
                                                                          mengamankan kontrak jangka panjang.

                                                                          Meskipun GMF tidak memiliki jaringan operasional           Although GMF does not have operational networks
                                                                          di luar negeri, strategi pemasaran tetap difokuskan        abroad, its marketing strategy remains focused on
                                                                          untuk menjangkau klien internasional yang beroperasi       reaching international clients operating in Indonesia.
                                                                          di Indonesia. GMF secara aktif mempromosikan               GMF actively promotes its capabilities through direct
                                                                          kapabilitasnya melalui pendekatan langsung kepada          customer engagement, building strategic partnerships,
                                                                          pelanggan, membangun kemitraan strategis, serta            and participating in various aviation industry exhibitions
                                                                          berpartisipasi dalam berbagai pameran industri             and global business forums. Through these efforts, GMF
                                                                          penerbangan dan forum bisnis tingkat global. Dengan        can still tap into the international market and attract
                                                                          cara ini, GMF tetap mampu menjangkau pasar                 foreign airlines and aviation companies seeking MRO
                                                                          internasional dan menarik maskapai asing serta             services in Indonesia.
                                                                          perusahaan penerbangan yang membutuhkan layanan
                                                                          MRO di Indonesia.

                                                                          Khusus untuk pangsa pasar GA, Perseroan melakukan          For GA, the Company is transacting with related parties
                                                                          transaksi dengan pihak-pihak berelasi dari Group Garuda    from Garuda Indonesia Group as defined in PSAK 224.
                                                                          Indonesia sebagaimana didefinisikan dalam PSAK 224.




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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                 Pangsa Pasar Group Afiliasi dan Non-Group Afiliasi
                               Market Share by Group Affiliation and Non-Group Affiliation
                                                2025                                          2024
          Uraian                     Jumlah             Komposisi               Jumlah                 Komposisi
        Description                    Total           Composition                Total               Composition
                                      (USD)                %                     (USD)                    %
 GA                                   357,372,307               72.65%               317,741,156               75.43%

 NGA                                  134,510,487                27.35%             103,482,030                24.57%


Segmen pasar GA mencakup Garuda Indonesia Group               GA's market segment includes the Garuda Indonesia
dan Perseroan berperan untuk mendukung operasional            Group, and the Company's role is to support the Group's
Group sehingga dapat memberikan pelayanan yang                operations to provide superior service and added value




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
unggul dan nilai tambah kepada para pelanggannya.             to its customers.

Pasar NGA merupakan segmen pasar di luar Garuda               The NGA market refers to a market segment outside
Indonesia Group dari sektor BUMN, swasta, maupun luar         the Garuda Indonesia Group, vary from SOEs, private
negeri. Hingga akhir tahun 2025, klien di segmen NGA          companies, and foreign customers. By the end of 2025,
adalah maskapai kargo internasional, lessor, perusahaan       clients in the NGA segment covered international cargo
pembangkit listrik, dan beberapa maskapai internasional       airlines, lessors, power generation companies, and
lainnya.                                                      several other international airlines.

Pendapatan dari segmen GA masih mendominasi total             Revenue from the GA segment still dominates the
pendapatan Perseroan pada tahun 2025 yaitu sebesar            Company's total revenue in 2025 at 72.65%. This portion
72.65%. Porsi pendapatan ini mengalami penurunan              of revenue has decreased compared to the previous
dibandingkan tahun sebelumnya 75.43%. Pelanggan               year at 75.43%. NGA customers alone accounted for
NGA sendiri menyumbang 27.35% dari total pendapatan           27.35% of the Company's total revenue in 2025. Until
Perseroan pada tahun 2025. Hingga akhir tahun 2025,           the end of 2025, the Company's customers in the NGA
pelanggan-pelanggan Perseroan di segmen NGA adalah            segment are international airlines, international cargo
maskapai internasional, maskapai kargo internasional,         airlines, lessors, power generation companies, railway
lessor, perusahaan pembangkit listrik, perusahaan kereta      companies, and several other companies.
api, dan beberapa perusahaan lainnya.

Perseroan juga memiliki pangsa pasar berdasarkan              The Company also has market shares based on global
pangsa pasar global dan domestik. Pangsa pasar global         and domestic market shares. The Company's global
yang dimiliki Perseroan mencakup negara-negara di             market share includes countries in Southeast Asia,
wilayah Asia Tenggara, Asia Timur, Asia Selatan, Timur        East Asia, South Asia, Middle East, Europe, Oceania,
Tengah, Eropa, Oceania, Afrika. GMF saat ini memiliki         Africa. GMF currently has 65 domestic representative
65 kantor perwakilan domestik yang tersebar di seluruh        offices spread across all major airports in the country
bandara besar di tanah air dari Sabang sampai Merauke.        from Sabang to Merauke.


                                                 Pangsa Pasar Global
                                                 Global Market Share
                                                2025                                           2024
          Uraian                    Jumlah               Komposisi                                     Komposisi
        Description                                                               Total
                                     Total              Composition                                   Composition
                                                                                 (MUSD)
                                    (MUSD)                  %                                             %
 Jumlah Pendapatan Industri
 MRO dari Pasar Global
                                            119,700                100%                   110,692              100.0%
 Total MRO Industry Revenues
 from Global Markets

 Pendapatan Kompetitor dari
 Pasar Global
                                            119,234              99.61%                   110,288               99.6%
 Competitor Income from the
 Global Market

 Pendapatan GMF
                                               492                0,41%                      421                0,38%
 GMF Revenue




                                                                                                                        123
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           01

                                                                                                                       Pangsa Pasar Domestik
        02                                                                                                             Domestic Market Share
                                                                                                                       2025                                        2024
                                                                                    Uraian                  Jumlah             Komposisi                                    Komposisi
      03                                                                          Description                                                         Total
                                                                                                             Total            Composition                                  Composition
                                                                                                                                                     (MUSD)
                                                                                                            (MUSD)                %                                            %

         04                                                               Jumlah Pendapatan Industri MRO
                                                                          dari Pasar Domestik
                                                                                                                    1,774              100%                     1,768                100.00%
                                                                          Total MRO Industry Revenues
                                                                          from Domestic Markets
        05                                                                Pendapatan Kompetitor dari
                                                                          Pasar Domestik
                                                                                                                   1,309              80.12%                    1,365                  77.2%
                                                                          Competitor Income from the
                                                                          Domestic Market
       06
                                                                          Pendapatan GMF
                                                                                                                     405             22.83%                      364                  20.59%
                                                                          Revenue GMF


                                                                          STRATEGI PEMASARAN                                        MARKETING STRATEGIES

                                                                          GMF menjalankan strategi pemasaran yang berfokus          GMF implements a marketing strategy focused on the
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          pada pasar GA dengan tetap berfokus pada strategi         GA market while continuing to emphasize diversification
                                                                          diversifikasi untuk menjaga keberlangsungan usaha         strategies to ensure business continuity and enhance
                                                                          dan meningkatkan ketahanan bisnis di tengah dinamika      business resilience amid the evolving dynamics of
                                                                          industri penerbangan yang terus berkembang. Strategi      the aviation industry. Such expansive diversification
                                                                          diversifikasi yang ekspansif tersebut mencakup            strategies include the development and offering of
                                                                          pengembangan dan penawaran layanan Maintenance,           Maintenance, Repair, and Overhaul (MRO) services that
                                                                          Repair, and Overhaul (MRO) yang membutuhkan               require high-quality technical capabilities, international
                                                                          kapabilitas teknis berkualitas tinggi, sertifikasi        certifications, and competitive operational excellence.
                                                                          internasional, serta keunggulan operasional yang          In 2025, GMF’s marketing strategy was focused on
                                                                          kompetitif. Pada tahun 2025, strategi pemasaran GMF       capability development of B737 Max, B787, landing
                                                                          berfokus pada pengembangan kapabilitas B737 Max,          gear, aero structure.
                                                                          B787, landing gear, aero structure.

                                                                          POSISI GMF DI PASAR MRO                                   GMF POSITION IN MRO MARKET

                                                                          GMF memiliki kehadiran yang kuat di pasar domestik        GMF has maintained a strong presence in the domestic
                                                                          dengan pangsa pasar di atas 20% selama dua tahun          market, with a market share of over 20% over the
                                                                          terakhir. Hal ini menunjukkan kemampuan GMF               past two years. This reflects GMF’s ability to maintain
                                                                          dalam menjaga kepercayaan pelanggan sekaligus             customer trust while optimizing profitable market
                                                                          mengoptimalkan peluang pasar yang menguntungkan.          opportunities. Accordingly, GMF continues to be a
                                                                          Dengan demikian, GMF tetap menjadi menjadi pemain         leading local player in the national MRO industry,
                                                                          utama lokal di industri MRO nasional yang konsisten       consistently demonstrating leadership in maintenance
                                                                          memimpin dalam hal kualitas maintenance, serta inovasi    quality, as well as in technological innovation and human
                                                                          teknologi dan sumber daya manusia.                        capital development.

                                                                          Kehadiran GMF di pasar global masih terbatas,             GMF’s presence in the global market remains limited,
                                                                          sejalan dengan strategi Manajemen yang berfokus           in line with Management’s strategy to prioritize
                                                                          pada penguatan pasar domestik dan menjadi pilihan         strengthening the domestic market and positioning
                                                                          utama bagi maskapai internasional yang beroperasi di      the Company as the preferred choice for international
                                                                          Indonesia.                                                airlines operating in Indonesia.




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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                    Tinjauan Operasi Per Segmen Usaha
                                                       Operational Review by Business Segment




Penyusunan laporan keuangan Perseroan dilakukan                 The Company adopted PSAK 108 (2015 Adaptation) on
berdasarkan PSAK 108 (Penyesuaian 2015) tentang                 Operating Segment in preparing the financial statements.
Segmen Operasi. Perseroan melaporkan segmen-                    The Company reports segments based on types of
segmen berdasarkan jenis jasa yang diberikan yaitu              services, maintenance and repair services for airframe,
pemeliharaan dan perbaikan pesawat airframe, engine             engine and component, aircraft and line maintenance




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
dan component , jasa pemeliharaan dan perbaikan                 repair and technical ground handling services, and other
pesawat line maintenance dan technical ground                   operations from subsidiaries. The Company does not
handling, serta operasi lain-lain yang didapatkan dari          report performance based on geographical area.
kegiatan entitas anak. Perseroan tidak melaporkan
informasi terkait kinerja berdasarkan daerah geografis.

Berikut disampaikan struktur pendapatan Perseroan yang          The following is the information on revenue structure
menggambarkan skala bisnis dan kontribusi masing-               that describes the Company’s business scale and
masing segmen terhadap keseluruhan pendapatan GMF               contribution of each segment against the entire revenues
pada tahun 2025.                                                of GMF in 2025.


                          Jumlah dan Kontribusi Segmen Primer Terhadap Pendapatan GMF
                           Number and Contribution of Primary Segments to GMF Revenues
                                                                                            Kenaikan (Penurunan)
                               2025                                2024
                                                                                             Increase (Decrease)

    Segmen           Jumlah           Kontribusi       Jumlah            Kontribusi        Nominal        Persentase
    Segment            Total         Contribution        Total          Contribution       Nominal        Percentage
                      (USD)              (%)            (USD)               (%)             (USD)             (%)

                        (1)              (2)              (3)                (4)           (4 = 3-1)       (5 = 4/3)
 Reparasi dan
 Overhaul
                     390,033,515               79,3%    314,331,256                74,6%     75,702,259         24.08%
 Reparations &
 Overhaul

 Perawatan
                       77,923,819              15,8%      84,801,965               20,1%     -6,878,146          -8.11%
 Maintenance

 Operasi lain-lain
                      23,925,460               4,9%       22,089,965               5,3%       1,835,495          8.31%
 Other Operations

Jumlah
Pendapatan           491,882,794               100%    421,223,186                 100%    70,659,608           16.77%
Total Revenues




                                                                                                                           125
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           01

                                                                                                                  Komposisi Pendapatan Segmen
        02                                                                                                       Revenue Composition by Segment

                                                                                      4,90%                                                            5,3%
      03                                                                    15,8%
                                                                                                                                           20,1%

         04                                                                                                                                                                             74,6%
                                                                                                                           79,30%
                                                                                                 2025                                                             2024
        05


       06

                                                                                                        Reparasi dan overhaul         Perawatan             Operasi lain-lain
                                                                                                        Reparations & Overhaul        Maintenance           Other Operations



                                                                          Komposisi pendapatan terbesar masih didominasi oleh            The largest revenue composition is still dominated
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          jasa reparasi dan overhaul sebesar 79% dengan besaran          by repair and overhaul services, accounting for 79%,
                                                                          yang relatif sama dengan tahun sebelumnya, yaitu di            with a proportion relatively similar to the previous
                                                                          atas 75%. Porsi pendapatan jasa reparasi dan overhaul          year, remaining above 75%. The dominance of repair
                                                                          masih mendominasi karena sesuai dengan core business           and overhaul service revenue aligns with GMF's core
                                                                          GMF yang dipengaruhi oleh jumlah pekerjaan reaktivasi          business, which is influenced by the number of aircraft
                                                                          pesawat dari Garuda Group seiring dengan peningkatan           reactivation jobs from the Garuda Group in line with the
                                                                          aktivitas penerbangan.                                         increase in flight activity.

                                                                          Seiring dengan fokus pada core business, komposisi             In line with the focus on the core business, the revenue
                                                                          pendapatan dari segmen perawatan dan operasi lain-             composition from the maintenance and other operations
                                                                          lain secara total memiliki besaran komposisi yang relatif      segments remains relatively the same as the previous
                                                                          sama dengan tahun sebelumnya, yaitu di bawah 20%.              year, staying below 20% in total.

                                                                          SEGMEN REPARASI DAN OVERHAUL                                   REPARATION AND OVERHAUL

                                                                                                                     Tiga Jenis Aktivitas Operasional
                                                                                                                    Three Types of Operational Activities




                                                                                         Airframe                                 Engine                                   Component


                                                                          Airframe Maintenance                                           Airframe Maintenance
                                                                          Perseroan memiliki 3 hangar untuk melakukan sejumlah           The Company has 3 hangars to perform several activities
                                                                          aktivitas bisnis di Airframe Maintenance dengan                at Airframe Maintenance with a production capacity that
                                                                          kapasitas produksi untuk menampung 5 pesawat                   can accommodate 5 wide-body aircraft and 15 small-
                                                                          berbadan lebar dan 15 pesawat berbadan kecil secara            body aircraft simultaneously. There is a special line for
                                                                          bersamaan. Terdapat 1 line khusus untuk pengecatan             painting aircraft and workshops.
                                                                          pesawat udara dan workshop.




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                                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                             GMF memiliki teknisi berpengalaman dan terampil untuk memberikan solusi Airframe Maintenance
                             yang efektif dan efisien sebagai berikut:
                             GMF technicians are very experienced and excellent at what they do to provide the following
                             Airframe Maintenance solution effectively and efficiently:
                             • Heavy check rutin | routine heavy check;
 Jenis Pelayanan
                             • Modifikasi besar | major modification;
 Types of Services
                             • Pengecatan eksterior pesawat hingga finishing dekoratif | aircraft exterior painting and
                                  decorative finishing;
                             • Renovasi kabin | Cabin refurbishment;
                             • Perbaikan struktur pesawat | large structure repairs;
                             • Perawatan dan overhaul pesawat | aircraft maintenance and overhaul.

                             GMF mampu menangani berbagai jenis pesawat yang telah mendapatkan sertifikasi dari Direktorat
                             Kelaikudaraan dan Pengoperasian Pesawat Udara (DKUPPU), Federal Aviation Administration
                             (FAA), European Aviation Safety Agency (EASA), dan otoritas penerbangan negara lain seperti:
                             GMF is also capable of handling many types of aircrafts as follows with certifications from Directorate
 Ser t ifikasi Pelayanan
                             of Airworthiness and Aircraft Operation (DKUPPU), Federal Aviation Administration (FAA), European
 Pesawat
                             Aviation Safety Agency (EASA), and the aviation authorities of other countries:
 Certification of Aircraft




                                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                             • A320s/A320NEO;
 Services
                             • A330s /A330NEO;
                             • B737CL /B737NG;
                             • B747s;
                             • B777, CRJ1000, ATR72.



                                                   Jumlah Event Maintenance
                                                    Total Maintenance Events
                                                                                                                                  Dalam Event
                                                                                                                                      In Event


                                                  2025                                                          2024
       Market
      Segment        Achievement                                                                                           YoY
                                                Target            Achievement (%)            Achievement
                      (Nominal)                                                                                         2024-2025
 GA                                 132                   120                       90%                      135                       -20%

 NGA                                 111                  160                       69%                      135                       -18%

Total                               243                   280                      86%                      270                        -10%


Jika dibandingkan dengan kinerja pada tahun                            Compared to the performance of the previous year, the
sebelumnya, load pekerjaan dari grup afiliasi (GA)                     workload from the affiliate group (GA) decreased by
menurun sebesar -20% dan non-grup afiliasi (NGA)                       -20%, while the non-affiliate group (NGA) experienced
mengalami peningkatan sebesar -18%. Kondisi ini terjadi                an increase of -18%. This condition occurred due to a
karena meningkatkan jumlah pekerjaan dengan skala                      higher number of large scale projects with turnaround
besar yang memiliki turnaround time (TAT) lebih dari                   times (TAT) exceeding 40 days. As a result, workshop
40 hari, sehingga jumlah event yang dapat diselesaikan                 capacity was largely occupied by longer duration jobs,
dalam periode tersebut menjadi lebih sedikit. Akibatnya,               leading to a lower number of events completed within
meskipun nilai pekerjaan per proyek cenderung lebih                    the period. Consequently, although the value per
besar, total jumlah event mengalami penurunan                          project tended to be higher, the total number of events
dibandingkan tahun sebelumnya                                          decreased compared to the previous year.

Engine Workshop                                                        Engine Workshop
GMF memiliki fasilitas Engine Workshop, Engine and                     GMF owns various facilities of Engine Workshop, Engine
APU Test Cell, dan Engine Services untuk melakukan                     and APU Test Cell, and Engine Services to maintain the
perawatan mesin pesawat dan Auxilliary Power Unit                      aircraft engine and Auxilliary Power Unit (APU). GMF
(APU). GMF juga mampu melakukan perawatan mesin                        is also capable to perform maintenance on CFM56-5
CFM56-5 untuk pesawat seri A320 dan mesin PW100                        engine for A320 series aircraft and PW100 engine for
untuk pesawat seri ATR.                                                the ATR series aircraft.

Beberapa jenis pesawat yang ditangani GMF adalah:                      Other types of aircraft that GMF can handle are as follows:
• Mesin CFM56-7;                                                       • CFM56-7 engine type;
• APU GTCP85 yang terpasang di pesawat seri B737-                      • GTCP85 APU type installed in B737-300/400/500
   300/400/500;                                                           series aircraft;
• Mesin CFM56-5;                                                       • CFM56-5 engine type;
• APU GTCP131-9B yang terpasang di pesawat seri                        • GTCP131-9B APU installed in B737NG series aircraft;
   B737NG;


                                                                                                                                                 127
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           01

                                                                          •    APU GTCP131-9A yang terpasang di pesawat seri                  •   GTCP131-9A APU installed in A320 series aircraft;
        02                                                                     A320;
                                                                          •    APU GTCP331-350 untuk pesawat seri A330.                       •   GTCP331-350 APU for A330 series aircraft.


      03                                                                                                                     Jumlah Event Workshop
                                                                                                                              Total Workshop Events
                                                                                                                                                                                                      Dalam Event
                                                                                                                                                                                                          In Event
         04
                                                                                                                            2025                                                     2024
                                                                                Market
                                                                               Segment          Achievement                                                                                    YoY
        05                                                                                       (Nominal)
                                                                                                                           Target        Achievement (%)          Achievement
                                                                                                                                                                                            2024-2025
                                                                          GA                                      37                24                  154%                        26                      42%
       06                                                                 NGA                                     17                15                  113%                        17                       0%

                                                                          Total                                  54                 39                  138%                        43                     42%



                                                                          Jika dibandingkan dengan kinerja pada tahun                         Compared to the performance of the previous year, the
                                                                          sebelumnya, load pekerjaan dari GA meningkat sebesar                workload from the GA increased by 42%, while the NGA
                                                                          42% dan NGA relatif stabil atau sama dengan tahun                   remained relatively stable compared to the previous
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          sebelumnya. Kondisi ini terjadi karena meningkatkan                 year. This condition occurred due to the increase in the
                                                                          jumlah proyek reaktivasi untuk GA group pada tahun                  reactivation projects for the GA group in 2025, which
                                                                          2025 yang mendorong peningkatan workload secara                     significantly drove the workload growth.
                                                                          signifikan

                                                                          Component Services                                                  ENGINE WORKSHOP
                                                                          Segmen operasi Component Services yang dimiliki                     The Component Services of GMF has obtained
                                                                          GMF telah memperoleh sertifikasi dari DKUPPU, FAA,                  certifications from DKUPPU, FAA, EASA, and AS 9100.
                                                                          EASA, dan AS 9100. Segmen ini memiliki sejumlah                     This segment has several workshop facilities that are
                                                                          fasilitas workshop penting untuk melakukan perawatan                important for the maintenance of various series of aircraft
                                                                          komponen pesawat berbagai seri. Workshop dan                        component. The workshop and laboratory of GMF have
                                                                          laboratorium GMF juga telah dilengkapi dengan berbagai              all been equipped with advanced testing technology to
                                                                          peralatan testing berteknologi tinggi untuk menjamin                guarantee the quality of work. The Company also offers
                                                                          kualitas pekerjaan. Perseroan juga telah menawarkan                 additional services so that customers are able to book
                                                                          pelayanan tambahan kepada pelanggan untuk menjaga                   for certain types of material through component pooling.
                                                                          ketersediaan pasokan material melalui component
                                                                          pooling.


                                                                                                                Sertifikasi Pelayanan          Kapabilitas Repair &
                                                                                    Workshop                           Pesawat                     Overhaul                          Peralatan Testing
                                                                                    Workshop                      Aircraft Services             Repair & Overhaul                    Testing Equipment
                                                                                                                     Certification                Capabilities
                                                                                                                                                                                •   ATEC (Automatic Test
                                                                                                                                                                                    Equipment Complex)
                                                                                                            •    B737
                                                                          •    Avionics                                                                                         •   IRIS (Integrated Radio
                                                                                                            •    B747                     •   Airplane instruments
                                                                          •    Electro Mechanical and                                                                               Instrument System)
                                                                                                            •    A320                     •   Electronic controls
                                                                               Oxygen                                                                                           •   INS (Inertial Navigation
                                                                                                            •    A330                     •   Radar and navigation
                                                                          •    Wheel Brake & Landing Gear                                                                           System)
                                                                                                            •    B777                     •   Flight data recorders and gyros
                                                                          •    Calibration and Non                                                                              •   IDG (Integrated Drive
                                                                                                            •    CRJ1000                  •   Wheel Brake & Landing Gear
                                                                               Destructive Test (NDT)                                                                               Generator)
                                                                                                            •    ATR72
                                                                                                                                                                                •   Universal       Te s t i n g
                                                                                                                                                                                    Equipments




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                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                               Jumlah Event Services
                                                Total Services Events
                                                                                                              Dalam Event
                                                                                                                  In Event


                                             2025                                              2024
       Market
      Segment        Achievement                                                                         YoY
                                            Target          Achievement (%)     Achievement
                      (Nominal)                                                                       2024-2025
 GA                           39,071             31,317               104.7%              35,921                   8.8%

 NGA                           2.626             2.924                  89%               2,969                  -11.5%

Total                         41.697            40.241                 103%              38,890                    7.2%


Jika dibandingkan dengan kinerja pada tahun                    Compared to the performance of the previous year,




                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
sebelumnya, load pekerjaan dari GA meningkat sebesar           the workload from the GA increased by 8.8%, while the
8.8% dan NGA mengalami penurunan sebesar 11.5%.                NGA experienced an decrease of 11.5%. This condition
Kondisi ini terjadi karena meningkatnya utilisasi pesawat      occurred due to higher aircraft utilization within the
group afiliasi yang mendorong kebutuhan layanan                group affiliation, which led to greater demand for
maintenance.                                                   maintenance services.

Kinerja Keuangan dan Profitabilitas                            Financial Performance And Profitability

                                  Kinerja Keuangan Segmen Reparasi dan Overhaul
                                   Reparations and Overhaul Financial Performance
                                                                                                               Dalam USD
                                                                                                                   In USD


                                                     2025                                            2024

                        Achievement                                                                           YoY
                                                 Target            Achievement (%)       Achievement
                         (Nominal)                                                                         2024-2025
 Pendapatan
                             390,033,515             251,027,196               155,38%      314,331,256          19,41%
 Revenues

 (Rugi)/Laba
                               46,196,953            20,615,942                224.08%       17,666,924         61,76%
 (Loss)/Profit

 Aset Tetap
                              468,596,711            138,935,518               337.28%      146,578,794         68,72%
 Fixed Assets

 Penyusutan
                               18,855,079             17,100,826               110.26%        18,170,164         3,63%
 Depreciation


Pendapatan dari segmen Repair & Overhaul pada                  The Repair and Overhaul segment gained a total revenue
tahun 2025 tercatat USD390 juta atau meningkat                 of USD390 million in 2025 which was 20% higher
20% dibandingkan tahun sebelumnya. Pencapaian ini              than the previous year. The achievement is 155% of
155% dari target tahun 2025. Peningkatan terutama              the 2025 target. The increase was primarily driven by
disebabkan oleh aktivitas reaktivasi atas pesawat              reactivation by aircraft Groups event for Engine and
Groups yaitu pada area perawatan Engine dan juga               Airframe maintenance.
Airframe.

Segmen Repair & Overhaul mencatatkan laba usaha                The Repair & Overhaul segment had a gain of USD46.20
sebesar USD46.20 juta, meningkat 61.76% dari                   million, 61.76% higher than in the previous year. The
laba usaha pada tahun sebelumnya. Pencapaian ini               achievement is 224.08% of the 2025 target. The increase
224.08% dari target tahun 2025. Peningkatan terutama           was primarily driven by revenue this year higher than
disebabkan oleh tingginya pendapatan pada periode              previous year 2024.
saat ini dibandingkan dengan pendapatan pada 2024.

Penyusutan meningkat sebesar 3.63% dibandingkan                The depreciation increased 3.63% compared to the
tahun sebelumnya karena peningkatan masa pakai aset.           previous year due to an increase in asset useful life.




                                                                                                                             129
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           01

                                                                          Rencana Pengembangan                                                    Development Plan
        02                                                                Reparasi & Overhaul tetap menjadi penyumbang                            Most of GMF’s revenues still came from the Reparation
                                                                          p e n d a p a t a n te r b e s a r b a g i G M F. Pe r s e ro a n       & Overhaul. This segment is still going to be the main
                                                                          memandang bahwa segmen ini akan tetap menjadi                           foothold and therefore the Company needs a special
      03                                                                  tumpuan utama sehingga diperlukan strategi khusus                       strategy to improve its capacity and revenue.
                                                                          untuk mengembangkan kapasitas bisnis dan kinerja
                                                                          pendapatannya.
         04
                                                                          Menghadapi tahun 2026, Perseroan berfokus pada                          Going through 2026, the Company has prepared a
                                                                          melanjutkan keberlanjutan transformasi operasional                      plan to focus on continuing the sustainability of its
                                                                          guna meningkatkan kinerja dan daya saing. Hal ini                       operational transformation to enhance performance and
        05                                                                mencakup kesiapan dalam penyerapan reaktivasi GA                        competitiveness. This includes readiness to absorb the
                                                                          grup usaha, menjaga keberlanjutan perbaikan TAT dan                     reactivation of the GA group’s operations, maintaining
                                                                          produktivitas, serta optimalisasi pengelolaan inventory.                improvements in TAT and productivity, as well as
       06                                                                                                                                         optimizing inventory management.

                                                                          Perseroan juga terus memperkuat kualitas sumber                         The Company also continues to strengthen the quality of
                                                                          daya manusia melalui pengembangan kompetensi,                           its human resources through competency development,
                                                                          peningkatan kepemimpinan, serta penguatan struktur                      leadership enhancement, and the reinforcement of an
                                                                          organisasi yang adaptif.                                                adaptive organizational structure.
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Di sisi keuangan, Perseroan menjalankan program                         On the financial side, the Company implements ongoing
                                                                          efisiensi secara berkelanjutan, penataan struktur                       efficiency programs, restructures its financial framework,
                                                                          keuangan, serta pengelolaan arus kas yang prudent                       and manages cash flow prudently to support business
                                                                          untuk mendukung stabilitas usaha.                                       stability.

                                                                          Dalam aspek teknologi, Perseroan meningkatkan                           In terms of technology, the Company enhances its
                                                                          kapabilitas melalui penguatan keamanan siber serta                      capabilities by strengthening cybersecurity and
                                                                          persiapan implementasi sistem ERP dan MRO guna                          preparing for the implementation of ERP and MRO
                                                                          mendukung integrasi proses bisnis.                                      systems to support the integration of business
                                                                                                                                                  processes.

                                                                          Sejalan dengan itu, Perseroan mendorong pertumbuhan                     In line with this, the Company drives sustainable
                                                                          usaha yang berkelanjutan melalui ekspansi strategis,                    business growth through strategic expansion, including
                                                                          termasuk pengembangan fasilitas hanggar di pasar                        the development of hangar facilities in both domestic
                                                                          domestik maupun internasional                                           and international markets.

                                                                          SEGMEN PERAWATAN                                                        MAINTENANCE

                                                                          GMF memberikan jasa Line Maintenance untuk                              GMF provides Line Maintenance services for domestic
                                                                          penerbangan domestik dan internasional melalui 69                       and international flights through 69 line stations that the
                                                                          line station di seluruh Indonesia, terutama di Bandar                   Company owns all over Indonesia, especially in Soekarno
                                                                          Udara Soekarno Hatta, Cengkareng, Banten. GMF                           Hatta Airport, Cengkareng, Banten. GMF also serves in
                                                                          juga melayani sejumlah area di seluruh dunia termasuk                   a number of areas abroad including Jeddah, Medinah,
                                                                          Jeddah, Medinah, Kuala Lumpur, Singapura, dan                           Kuala Lumpur, Singapore, and Melbourne.
                                                                          Melbourne.


                                                                                                                                    Sertifikasi Pelayanan         Fasilitas MCC (Maintenance Control
                                                                                   Jenis Perawatan Pesawat                                 Pesawat                              Center)
                                                                                   Types of Aircraft Services                      Specifications of Aircraft      MCC (Maintenance Control Center)
                                                                                                                                           Services                            Facilities
                                                                           •   Pre-Flight Check                                •     B737
                                                                           •   Transit Check                                   •     B747
                                                                                                                                                                Memantau operasional perawatan pesawat udara
                                                                           •   Daily Check                                     •     B777
                                                                                                                                                                guna mengurangi perawatan yang tidak terjadwal
                                                                           •   A Check (perawatan sampai dengan 600 jam        •     B787
                                                                                                                                                                dan keterlambatan teknis.
                                                                               terbang | maintenance up to 600 flight hours)   •     A320
                                                                                                                                                                Monitor the operation of aircraft maintenance to
                                                                           •   Transit semalam dan situasi darurat AOG         •     A330
                                                                                                                                                                reduce unscheduled maintenance and technical
                                                                               (Pesawat di Darat atau Aircraft on Ground) |    •     A350
                                                                                                                                                                delay.
                                                                               Overnight transit and emergency AOG (Aircraft   •     CRJ1000
                                                                               on Ground)                                      •     ATR72




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                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                               Jumlah Event Services
                                                Total Services Events
                                                                                                              Dalam Event
                                                                                                                  In Event


                                             2025                                            2024
       Market
      Segment       Achievement                                                                          YoY
                                           Target         Achievement (%)      Achievement
                     (Nominal)                                                                        2024-2025
 GA                         219,148            226,000                  96%            199,533                     9.8%

 NGA                         31,673             27,881                  113%            24,882                      27%

Total                       250,821            253,881                  98%           224,415                     11.7%


Secara keseluruhan, kinerja segmen bisnis ini mengalami      Overall, the performance of this business segment




                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
peningkatan sebesar 11.7% dibandingkan tahun                 increased by 11.7% compared to the previous year which
sebelumnya yang lebih dipengaruhi oleh kenaikan event        was more influenced by the increase in total event from
NGA.                                                         NGA.

Kinerja Keuangan Dan Profitabilitas                          Financial Performance and Profitability

                                         Kinerja Keuangan Segmen Perawatan
                                          Maintenance Financial Performance
Dalam USD
In USD


                                                2025                                               2024

                      Achievement                                                                             YoY
                                               Target         Achievement (%)        Achievement
                       (Nominal)                                                                           2024-2025
 Pendapatan
                            77,923,819          90,202,723                 86.38%          84,801,965           -8,83%
 Revenues

 (Rugi)/Laba
                            14,086,648           6,510,297                216.37%          24,040,770          -70,66%
 (Loss)/Profit

 Aset Tetap                  1.836.200
                                                 2,835,419                 64.75%            2,101,273         -14,44%
 Fixed Assets

 Penyusutan
                               381.145           2,288,553                 16.65%                439,921       -15,42%
 Depreciation


Pendapatan dari segmen Perawatan pada tahun 2025             In 2025, the Maintenance segment generated total
tercatat USD77 juta atau turun 8.83% dibandingkan            revenue of USD77 million and when compared to the
tahun sebelumnya. Pencapaian ini 86.38% dari target          previous year was 8.83% lower. The 2025 revenue was
tahun 2025. Penurunan terutama disebabkan karena             86.38% of the target. The decrease in revenue occurred
menurunnya pendapatan baik dari GA maupun NGA.               due to the decrease in revenue from both GA and NGA.

Segmen ini mencatatkan penurunan laba usaha menjadi          This segment recorded lower operating gain to become
USD14.09 juta dibandingkan tahun sebelumnya.                 USD14.09 million compared to the previous year. The
Pencapaian ini 216.37% dari target tahun 2025. Hal ini       2025 revenue was 216.37% of the target. This was
dipengaruhi oleh kenaikan pendapatan seiring dengan          affected by an increase in the revenue due to the
pulihnya industri penerbangan.                               recovery of the aviation industry.

Rencana Pengembangan                                         Development Plan
Pada tahun 2026, rencana yang telah dipersiapkan             In 2026, the Company has planned to focus on
Perseroan akan berfokus pada upaya transformasi              advancing its ongoing transformation efforts to build
berkelanjutan guna mempersiapkan fondasi bisnis              a more adaptive and competitive foundation for long-
yang lebih adaptif dan berdaya saing jangka panjang,         term growth, under the theme Transforming for the
dengan mengusung tema Transforming for the Future.           Future. This transformation represents a continuation
Transformasi ini merupakan kelanjutan dari penguatan         of the fundamental strengthening initiatives carried out
fundamental yang telah dilakukan pada tahun-tahun            in previous years, with a stronger emphasis on creating
sebelumnya, dengan penekanan pada penciptaan nilai           sustainable value amid an increasingly dynamic industry
berkelanjutan di tengah dinamika industri.                   landscape.


                                                                                                                             131
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           01

                                                                          Adapun strategi utama yang akan dijalankan untuk           The key strategies to support this theme include a more
        02                                                                mendukung tema tersebut meliputi Operational               integrated Operational Transformation (QCD & People),
                                                                          Transformation (QCD & People) yang lebih terintegrasi,     sustainable cash flow optimization, strengthening
                                                                          optimalisasi cash flow yang berkelanjutan, peningkatan     the capital structure through equity improvement,
      03                                                                  struktur permodalan melalui equity improvement,            accelerating technology adoption and digitalization
                                                                          akselerasi adopsi teknologi dan digitalisasi (technology   (technology advancement), as well as developing a more
                                                                          advancement), serta pengembangan portofolio bisnis         innovative and profitable business portfolio (profitable
                                                                          yang lebih inovatif dan menguntungkan (profitable and      and future-ready business growth).
         04
                                                                          future-ready business growth).

                                                                          SEGMEN OPERASI LAIN-LAIN                                   OTHER OPERATION
        05
                                                                          Perseroan menjalankan segmen Operasi Lain-lain yang        The Company has other segment called Other Operations
                                                                          antara lain mencakup Manpower Supply serta Facility        covering Manpower Supply and Facility Management
       06                                                                 Management melalui anak usahanya yaitu PT Garuda           which done by its subsidiary, PT Garuda Daya Pratama
                                                                          Daya Pratama Sejahtera (selanjutnya disingkat “PT          Sejahtera (refer to as “PT GDPS” or “GDPS”).
                                                                          GDPS” atau “GDPS”).

                                                                          Kinerja Keuangan Dan Profitabilitas                        Financial Performance and Profitability

                                                                                                             Kinerja Keuangan Segmen Operasi Lain-Lain
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                                                                 Other Segment Financial Performance
                                                                                                                        2025                                           2024

                                                                                                Achievement                                                                      YoY
                                                                                                                       Target        Achievement (%)      Achievement
                                                                                                 (Nominal)                                                                    2024-2025
                                                                           Pendapatan
                                                                                                     23,925,460         48,489,179             49.34%           22,089,965             7,67%
                                                                           Revenues

                                                                           (Rugi)/Laba
                                                                                                        286,941                  -                   0             296,389           -3,29%
                                                                           (Loss)/Profit

                                                                           Aset Tetap
                                                                                                        378,077            637,219              59,33%             413,754           -9,44%
                                                                           Fixed Assets

                                                                           Penyusutan
                                                                                                         95,208          1,279,235                7,4%              84,684            11,05%
                                                                           Depreciation


                                                                          Pendapatan dari segmen Operasi Lain-lain pada              The revenue from Other Operations in 2025 was USD23
                                                                          tahun 2025 tercatat USD23 juta atau meningkat              million and when compared to the previous year was
                                                                          7.67% dibandingkan tahun sebelumnya. Pencapaian ini        7.67% higher. The 2025 revenue was 49.34% of the
                                                                          49.34% dari target tahun 2025. Pertumbuhan terutama        target. The growth was primarily driven by an increase
                                                                          disebabkan oleh kenaikan kebutuhan industri akan           in the industry’s demand for outsourcing services.
                                                                          layanan jasa outsourcing.

                                                                          Segmen ini mencatatkan penurunan laba usaha 3,29%          This segment recorded lower operating gain of 3.29%
                                                                          dibandingkan tahun sebelumnya. Penurunan laba pada         compared to the previous year. The decline in profit
                                                                          periode tersebut terutama disebabkan oleh peningkatan      during the period was primarily driven by a significant
                                                                          biaya operasional yang signifikan.                         increase in operating costs

                                                                          Penyusutan meningkat sebesar 11.05% dibandingkan           Depreciation increased by 11.05% compared to the
                                                                          tahun sebelumnya dikarenakan penambahan aset tetap         previous year due to the addition of fixed assets for
                                                                          untuk peningkatan operasional.                             operational improvements.




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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
Rencana Pengembangan                                       Development Plan
Pada tahun 2026, rencana yang telah dipersiapkan           In 2026, the Company has planned to focus on business
Perseroan akan berfokus pada penguatan bisnis melalui      strengthening through the expansion of outsourcing
ekspansi layanan outsourcing dan solusi operasional        services and integrated operational solutions,
terintegrasi, peningkatan kualitas sumber daya             enhancement of human resource quality, as well as
manusia, serta percepatan transformasi digital untuk       the acceleration of digital transformation to improve
meningkatkan efisiensi dan kualitas layanan. Selain itu,   efficiency and service quality. In addition, the company
Perseroan juga akan memperluas pasar di luar ekosistem     will also expand its market beyond the Garuda Indonesia
Garuda Indonesia Group guna mendorong pertumbuhan          Group ecosystem to drive sustainable revenue growth
pendapatan yang berkelanjutan dan memperkuat daya          and strengthen competitiveness in the industry.
saing di industri.

PENINGKATAN YANG MATERIAL                                  MATERIALS INCREASE RELATED TO
DIKAITKAN DENGAN JUMLAH BARANG                             SALES VOLUME/NEW PRODUCTS
YANG DIJUAL/BARANG BARU




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Berdasarkan informasi kinerja per segmen operasi, dapat    Based on information regarding the performance
disimpulkan bahwa terjadi peningkatan pendapatan           of each business segment, it can be concluded that
dari banyaknya jasa yang diberikan Perseroan untuk         there has been an increase in revenue from the various
seluruh segmen yang dilayaninya: GA, NGA, domestik,        services provided by the Company across all segments it
dan internasional. Jasa MRO yang diberikan GMF untuk       serves: GA, NGA, domestic, and international. The MRO
para kliennya merupakan jasa yang tercakup dalam           services provided by GMF to its clients are included
setiap segmen operasi seperti penjelasan sebelumnya.       in each operating segment, as previously explained.
Tidak terdapat layanan baru yang diberikan GMF pada        There were no new services provided by GMF in 2025
tahun 2025 yang memiliki kontribusi material terhadap      that would have a material contribution to the overall
pendapatan usaha secara keseluruhan.                       business revenue.

Secara garis besar segmen GA dan NGA mengalami             Overall, both GA and NGA segment experienced an
peningkatan yaitu masing-masing sebesar 12% dan            increase, namely by 12% and 30% respectively in
30% pada tahun 2025 dibandingkan tahun sebelumnya          2025 compared to the previous year, thereby driving
sehingga mendorong peningkatan pendapatan tahun            the revenue to increase in 2025 and reach USD491.88
2025 mencapai USD491.88 juta.                              million.




                                                                                                                      133
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           01

                                                                          Tinjauan Keuangan
        02
                                                                          Financial Review

      03


         04
                                                                          Analisa dan pembahasan kinerja keuangan pada Laporan     Analysis and discussion of financial performance in
                                                                          Terintegrasi ini mengacu pada Laporan Keuangan           this Integrated Report refer to the Financial Statements
        05                                                                untuk tahun-tahun yang berakhir pada 31 Desember         for the years ended on December 31, 2025, and
                                                                          2025 dan 31 Desember 2024 yang telah diaudit oleh        December 31, 2024, that have been audited by the
                                                                          Kantor Akuntan Publik Purwanto Susanti dan Surja.        Public Accounting Firm Purwanto Susanti adn Surja.
       06                                                                 Pengungkapan laporan keuangan konsolidasian              The presentation and disclosure of the Company’s
                                                                          Perseroan disusun dan disajikan sesuai Standar           consolidated financial statements were prepared and
                                                                          Akuntansi Keuangan di Indonesia, yaitu Pernyataan        presented in accordance with Indonesian Financial
                                                                          Standar Akuntansi Keuangan (PSAK), yang diterbitkan      Accounting Standards, the Statement of Financial
                                                                          oleh Ikatan Akuntan Indonesia (IAI).                     Accounting Standards (PSAK), issued by the Indonesian
                                                                                                                                   Institute of Accountants (IAI).
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          LAPORAN POSISI KEUANGAN                                  CONSOLIDATED FINANCIAL POSITION
                                                                          KONSOLIDASIAN

                                                                                                                                                                                   Dalam USD
                                                                                                                                                                                       In USD


                                                                                                                                                              Kenaikan (Penurunan)
                                                                                         Posisi Keuangan                2025               2024                Increase (Decrease)
                                                                                         Financial Position                                                Nilai Nominal      Persentase
                                                                                                                                                           Nominal Value      Percentage
                                                                          Aset
                                                                          Assets

                                                                          Aset Lancar
                                                                                                                         303,892,171        206,103,485         97,788,686          47.45%
                                                                          Current Assets

                                                                          Aset Tidak Lancar
                                                                                                                        509,087,950          218,526,718       290,561,232         132.96%
                                                                          Non Current Assets

                                                                          Jumlah Aset
                                                                                                                         812,980,121        424,630,203        388,349,918          91.46%
                                                                          Total Assets

                                                                          Liabilitas dan Ekuitas
                                                                          Liability & Equity

                                                                          Liabilitas Jangka Pendek
                                                                                                                        305,224,989          237,508,591         67,716,398         28,51%
                                                                          Current Liabilities

                                                                          Liabilitas Jangka Panjang
                                                                                                                         393,188,072        445,022,915        (51,834,843)         -11.65%
                                                                          Non-Current Liability

                                                                          Jumlah Liabilitas
                                                                                                                        698,413,060         682,531,506          15,881,554          2.33%
                                                                          Total Liabilities

                                                                          Jumlah Ekuitas
                                                                                                                         114,567,060       (257,901,303)       372,468,363         144.42%
                                                                          Total Equity

                                                                          Jumlah Liabilitas dan Ekuitas
                                                                                                                         812,980,121        424,630,203        388,349,918          91.46%
                                                                          Total Liability and Equity



                                                                          Jumlah aset pada tahun 2025 tercatat sebesar USD813      Total assets in 2025 were recorded at USD813 million,
                                                                          juta, naik 91.46% dibandingkan pencapaian tahun 2024,    higher by 91.46% compared to the achievement in 2024,
                                                                          yang utamanya terjadi karena adanya penambahan aset      which mainly occurred due to the addition of fixed assets
                                                                          tetap atas inbreng lahan oleh Angkasa Pura.              for land donations by Angkasa pura.




134
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
Jumlah liabilitas pada tahun 2025 tercatat sebesar         Total liabilities in 2025 were recorded at USD698 million,
USD698 juta, naik 2.33% dibandingkan pencapaian            higher by 2.33% compared to the achievement in 2024,
tahun 2024, yang utamanya terjadi karena peningkatan       which mainly occurred due to increased contractual
liabilitas kontrak atas project reaktivasi Garuda dan      liabilities for the Garuda and Citilink reactivation project.
Citilink.

Ekuitas Perseroan pada tahun 2024 tercatat sebesar         The Company's equity in 2024 was recorded at negative
USD115 juta, naik 144.42% dibandingkan pencapaian          USD115 million, higher by 144.42% compared to the
tahun 2025, yang utamanya terjadi karena adanya            achievement in 2025, which mainly occurred due to
penambahan modal melalui penyertaan aset tetap atas        additional capital through the inclusion of fixed assets
inbreng lahan oleh Angkasa Pura.                           for land donations by Angkasa Pura.

ASET – ASET LANCAR                                         Assets – Current Assets




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                                              Dalam USD
                                                                                                                  In USD


                                                                                           Kenaikan (Penurunan)
                                                                                            Increase (Decrease)
                         Uraian
                                                          2025             2024
                       Description                                                       Nilai Nominal
                                                                                                          Persentase
                                                                                            Nominal
                                                                                                          Percentage
                                                                                             Value
Kas dan Setara Kas
                                                          40,955,739       12,623,481       28,332,258        224.44%
Cash and Cash Equivalents

Kas dan Setara Kas yang Dibatasi Penggunaannya
                                                            1,158,614         902,880          255,734         28.32%
Restricted Cash and Cash Equivalents

Investasi Jangka Pendek
                                                             144,367          133,203            11,164          8.38%
Short-Term Investment

Piutang Usaha
                                                          74,634,529       49,862,841        24,771,688        49.68%
Accounts Receivable

Aset Kontrak
                                                          66,357,559       41,420,649        25,216,910        60.88%
Contract Assets

Piutang Lain-Lain
                                                           1,051,396         1,718,233        (666,837)        -38.81%
Other Receivables

Persediaan
                                                          76,147,275       61,415,306        14,731,969        23.99%
Inventory

Uang Muka dan Biaya Dibayar Dimuka
                                                          40,760,416       31,569,882         9,190,534         29.11%
Advances and Prepaid Expenses

Pajak Dibayar Dimuka
                                                           2,402,276        6,457,010       (4,054,734)       -62.80%
Prepaid Taxes

Jumlah Aset Lancar
                                                         303,892,171    206,103,485        97,788,686          47.45%
Total Current Assets



Jumlah aset lancar pada tahun 2025 adalah sebesar          The total current assets in 2025 amounted to USD303
USD303 juta, naik 47.45% dibandingkan pada                 million, which was 47.45% higher compared to the
tahun sebelumnya. Peningkatan ini terutama terjadi         previous year’s achievement. This increase occurred
peningkatan aset kontrak karena proyek reaktivasi          mainly due to an increase in contract assets due to the
pesawat Garuda dan Citilink.                               Garuda and Citilink aircraft reactivation projects.

Kas dan Setara Kas                                         Cash and Cash Equivalents
Kas dan setara kas mencakup kas, kas di bank, dan          The cash and cash equivalents consist of cash, cash in
deposito berjangka dengan jangka waktu jatuh tempo         banks, and time deposits with maturities of three months
tiga bulan atau kurang. Jumlah kas dan setara kas          or less. The amount of cash and cash equivalents in
tahun 2025 tercatat sebesar USD41 juta, naik 224.44%       2025 amounted to USD41 million, which was 224.44%
dibandingkan tahun sebelumnya. Peningkatan ini             higher compared to the previous year. This increase
terutama terjadi karena adanya penerimaan pembayaran       occurred mainly due to receipt of payment from Military/
dari customer Military/Goverment yang terjadi di akhir     Goverment customers that occurred at the end of the
tahun.                                                     year.

                                                                                                                           135
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           01


        02                                                                Kas dan Setara Kas yang Dibatasi                             Restricted Cash and Cash Equivalents
                                                                          Penggunaannya
                                                                          Kas dan setara kas yang dibatasi penggunaannya adalah        Restricted cash and cash equivalents are the cash and
      03                                                                  kas dan setara kas yang telah ditentukan penggunaannya       cash equivalents that have been determined for a certain
                                                                          atau yang tidak dapat digunakan secara bebas. Jumlah         transaction or are unavailable to be used freely. The
                                                                          kas dibatasi penggunaannya tahun 2025 adalah sebesar         amount of restricted cash in 2025 was USD1 million,
                                                                          USD1 juta, naik 28.32% dibandingkan tahun sebelumnya.        which was 28.32% higher compared to the previous
         04
                                                                          Peningkatan ini terutama terjadi karena penempatan           year. This increase occurred mainly due to placement
                                                                          deposito.                                                    of time deposit.

        05                                                                Piutang Usaha                                                Accounts Receivable
                                                                           Piutang usaha merupakan jumlah yang terutang dari           The accounts receivable came from the normal service
                                                                          pelanggan atas jasa dalam kegiatan usaha normal.             that the Company gave to the customers. The accounts
       06                                                                 Jumlah piutang usaha tahun 2025 mencapai USD75               receivable in 2025 reached USD75 million, which was
                                                                          juta, naik 49.68% dibandingkan tahun sebelumnya.             49.68% higher compared to the previous year. This
                                                                          Peningkatan ini terutama terjadi karena peningkatan          increase occurred mainly due to the increase in Garuda
                                                                          hutang Garuda dan Citilink karena proyek reaktivasi.         and Citilink’s debt due to the reactivation project.

                                                                          Aset Kontrak                                                 Contract Assets
                                                                          Aset kontrak dari pelanggan merupakan biaya jasa             Contract assets from customers consist of aircraft
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          pemeliharaan dan perbaikan pesawat, dan jasa                 maintenance and repair, and other engineering services
                                                                          engineering lainnya yang terjadi. Jumlah tagihan bruto       that had happened. The gross receivables from
                                                                          dari pelanggan tahun 2025 mencapai USD67 juta, naik          customers in 2025 reached USD67 million, higher by
                                                                          60.88% dibandingkan tahun sebelumnya. Peningkatan            60.88% compared to the previous year. This increase
                                                                          ini terutama terjadi karena adanya proyek reaktivasi         occurred mainly due to the garuda and Citilink aircraft
                                                                          pesawat Garuda dan Citilink.                                 reactivation project.

                                                                          Persediaan                                                   Inventory
                                                                          Persediaan adalah suku cadang yang dimiliki oleh             Inventory is the spare parts that the Company owns
                                                                          Perseroan untuk mendukung aktivitas pemeliharaan             to support the maintenance and repair of aircraft, and
                                                                          dan perbaikan pesawat, dan jasa engineering lainnya          other engineering services to the customers. Inventories
                                                                          kepada pelanggan. Persediaan dinyatakan berdasarkan          are stated at cost or net realizable value, whichever
                                                                          nilai yang paling rendah antara biaya perolehan atau nilai   is lower. Costs are determined using the weighted
                                                                          realisasi bersih. Biaya ditentukan berdasarkan metode        average method. Net realizable value is the estimated
                                                                          rata-rata tertimbang. Nilai realisasi bersih merupakan       selling price of the inventory less the estimated costs
                                                                          taksiran harga jual persediaan dikurangi taksiran biaya      of completion and the costs required to sell.
                                                                          penyelesaian dan biaya yang diperlukan untuk menjual.

                                                                          Jumlah persediaan - bersih tahun 2025 mencapai USD76         The net inventory in 2025 reached USD76 million,
                                                                          juta, naik 23.99% dibandingkan tahun sebelumnya.             increased by 23.99% compared to the previous year.
                                                                          Peningkatan ini terutama terjadi karena perusahaan           This increase mainly occurred because the company
                                                                          melakukan persiapan pemenuhan material atas project          prepared material fulfillment for projects that will be
                                                                          yang akan selesai di awal tahun 2026.                        completed in early 2026.

                                                                          Uang Muka dan Biaya Dibayar Dimuka                           Advances and Prepaid Expenses
                                                                          Uang muka dan biaya dibayar dimuka adalah uang dan           Advances and prepaid expenses are paid in cash and
                                                                          biaya yang sudah dibayarkan dengan manfaatnya yang           costs of unearned benefits that will be enjoyed in the
                                                                          akan dinikmati di waktu mendatang dalam jangka waktu         future within a specified period. Advances and prepaid
                                                                          yang sudah ditentukan. Uang muka dan biaya dibayar           expenses include advances for purchases, advances
                                                                          dimuka mencakup uang muka pembelian, uang muka               for business trips, and other advances.
                                                                          perjalanan dinas, dan uang muka lainnya.

                                                                          Jumlah uang muka dan biaya dibayar di muka tahun 2025        The advances and prepaid expenses in 2025 reached
                                                                          tercatat sebesar USD41 juta, naik 29.11% dibandingkan        USD41 million, which were 29.11% higher compared
                                                                          tahun sebelumnya. Peningkatan ini terutama terjadi           to the previous year. This increase was mainly due
                                                                          karena meningkatnya pembayaran dimuka pada vendor            to increased upfront payments to vendors to fulfill
                                                                          untuk pemenuhan material proyek reaktivasi pesawat           material requirements for the Garuda and Citilink aircraft
                                                                          Garuda dan Citilink.                                         reactivation projects.




136
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Pajak Dibayar Dimuka                                       Prepaid Taxes
Pajak dibayar dimuka terdiri atas pajak pertambahan        Prepaid taxes consist of value-added tax (VAT) and
nilai (PPN) dan pajak penghasilan badan. Jumlah pajak      corporate income tax. In 2025, the prepaid tax reached
dibayar dimuka tahun 2025 mencapai USD2 juta, turun        USD2 million, which was 62.80% lower compared the
62.80% dibandingkan tahun sebelumnya. Penurunan            previous year. This decrease occurred mainly due to the
ini terutama terjadi karena pada tahun 2025 dilakukan      adjustment of prepaid tax balances in 2025, following
penyesuaian saldo prepaid taxes atas telah diterimanya     the receipt of the 2022 tax restitution in February 2026.
restitusi pajak tahun 2022 di bulan Februari 2026.

Aset – Aset Tidak Lancar                                   Assets – Non-Current Assets

                                                                                                           Dalam USD
                                                                                                               In USD




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                    Kenaikan (Penurunan)
             Uraian                     2025                  2024                   Increase (Decrease)
           Description                                                         Nilai Nominal        Persentase
                                                                               Nominal Value        Percentage
 Kas dan Setara Kas yang Dibatasi
 Penggunaannya
                                               788,974                     0             788,974                   0
 Restricted Cash and Cash
 Equivalents

 Piutang Usaha Pihak Berelasi
                                            3,535,077             14,651,879         (11,116.802)          -75.87%
 Trade Receivables Related Parties

 Piutang Lain-lain Pihak Berelasi
                                               795,283               953,040            (157,757)          -16.55%
 Other Receivables Related Parties

 Uang Muka dan Beban Dibayar di
 Muka                                        1,357,737               891,637             466,100            52.27%
 Advances and Prepaid Expenses

 Aset Tetap
                                          470,810,988            149,093,821          321,717,167          215.78%
 Fixed Assets

 Aset Hak Guna
                                            8,708,760             28,184,035        (19,475,275)           -69.10%
 Right-of-use Assets

 Pajak Dibayar di Muka
                                            18,901,152            15,330,889          3,570,263             23.29%
 Prepaid Taxes

 Aset Pajak Tangguhan
                                            2,588,055              9,407,308         (6,819,253)           -72.49%
 Deferred Tax Assets

 Aset Tidak Lancar Lain-lain
                                             1,601,924                14,109            1,587,815          11,254%
 Other Non-Current Assets

 Total Aset Tidak Lancar
                                          509,087,951            218,526,718        290,561,232            132.96%
 Total Non-Current Assets



Kas dan Setara Kas yang Dibatasi                           Restricted Cash and Cash Equivalents
Penggunaannya
Jumlah akun ini mencapai USD788.97 juta dibandingkan       The Company recorded USD788.97 million in this
catatan nihil pada tahun sebelumnya.                       account compared to none in the previous year.

Aset Tetap                                                 Fixed Assets
Aset tetap adalah bangunan dan prasarana yang dimiliki     Fixed assets are buildings and infrastructure that are
Perseroan. Aset tetap ini digunakan untuk melakukan        owned for the production or supply of goods and
aktivitas produksi atau penyediaan barang dan jasa.        services, or for administrative purposes, which are
Demi tujuan administratif, aset tetap disajikan sebesar    presented at fair value, minus depreciation, based on
nilai wajar, dikurangi penyusutan, berdasarkan penilaian   an evaluation conducted by an external independent
yang dilakukan oleh penilai independen terdaftar di        appraiser that has been registered with OJK. The
OJK. Penilaian atas aset dilakukan secara berkala untuk    assets are evaluated periodically to ensure that the fair
memastikan bahwa nilai wajar aset yang direvaluasi tidak   value of the revalued assets does not have material
berbeda secara material dengan jumlah tercatatnya.         differentiation from the carrying amount.


                                                                                                                        137
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           01

                                                                          Jumlah aset tetap tahun 2025 mencapai USD471 juta,            The fixed assets in 2025 reached USD471 million and
        02                                                                meningkat 215% dibandingkan tahun sebelumnya.                 it was 215% higher compared to the previous. This
                                                                          Peningkatan ini terutama terjadi karena adanya                increase occurred mainly due to the addition of fixed
                                                                          penambahan aset tetap atas inbreng lahan oleh Angkasa         assets for land donations by Angkasa Pura.
      03                                                                  Pura.

                                                                          Aset Hak Guna                                                 Right-of-use Assets
                                                                          Perseroan mengakui aset hak guna dan liabilitas               The Company recognized the right-of-use assets and
         04
                                                                          sewa sehubungan dengan sewa yang sebelumnya                   lease liabilities related to the lease which was previously
                                                                          diklasifikasikan sebagai ‘sewa operasi’. Jumlah aset hak      categorized as ‘operating lease’. The Company’s right-of-
                                                                          guna pada tahun 2025 sebesar USD471 juta, menurun             use assets in 2025 amounted to USD471 million, 69.10%
        05                                                                69,10% dibandingkan tahun sebelumnya. Penurunan ini           lower compared to the previous year. This decrease was
                                                                          terutama terjadi karena adanya koreksi nilai right of use     mainly due to a correction in the value of the right of
                                                                          atas lahan Angkasa Pura yang sebelumnya sewa menjadi          use of Angkasa Pura land which was previously leased
       06                                                                 milik Perseroan.                                              and now belongs to the Company.

                                                                          Aset Pajak Tangguhan                                          Deferred Tax Assets
                                                                          Aset pajak tangguhan adalah saldo yang timbul                 Deferred tax assets are balances arising from temporary
                                                                          akibat perbedaan temporer antara aset dan liabilitas.         differences between assets and liabilities on a tax basis
                                                                          Perbedaan ini dapat terjadi akibat adanya perbedaan           with the carrying values of assets and liabilities in the
                                                                          antara nilai dasar pajak dengan nilai aset dan liabilitas     consolidated financial statements.
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          yang tercatat dalam laporan keuangan konsolidasian.

                                                                          Jumlah aset pajak tangguhan tahun 2025 sebesar                Deferred tax assets in 2025 reached USD2.6 million,
                                                                          USD2.6 juta, menurun 72.49% dibandingkan tahun                which was 72.49% lower compared to the previous
                                                                          sebelumnya. Penurunan ini terutama disebabkan oleh            year. This decrease was primarily due to land inbreng
                                                                          adanya inbreng lahan dari PT Angkasa Pura Indonesia           (capital contribution in kind) from PT Angkasa Pura
                                                                          kepada Perseroan, yang berdampak pada penurunan               Indonesia to the Company, which resulted in a reduction
                                                                          liabilitas sewa serta adanya penurunan jumlah akumulasi       of lease liabilities. Furthermore, there was a decrease in
                                                                          kerugian fiskal yang dapat dimanfaatkan di masa               accumulated tax losses available for future use, following
                                                                          yang akan datang dikarenakan terdapat pemanfaatan             the utilization of such tax losses within the current year.
                                                                          akumulasi kerugian fiskal pada tahun berjalan

                                                                          Liabilitas – Liabilitas Jangka Pendek                         Liabilities – Current Liabilities
                                                                                                                                                                                          Dalam USD
                                                                                                                                                                                              In USD


                                                                                                                                                                  Kenaikan (Penurunan)
                                                                                           Uraian                                          2024                    Increase (Decrease)
                                                                                                                          2025
                                                                                         Description                                                         Nilai Nominal         Persentase
                                                                                                                                                             Nominal Value         Percentage
                                                                           Pinjaman Jangka Pendek
                                                                                                                                    -                   -                     -                 -%
                                                                           Short-Term Loans

                                                                           Utang Usaha
                                                                                                                           74,927,796         64,719,936            10,207,860             15.77%
                                                                           Trade Payables

                                                                           Utang Lain-Lain
                                                                                                                            3,639,086          4,220,301              (581,215)           -13.77%
                                                                           Other Payables

                                                                           Utang Pajak Lain-Lain
                                                                                                                            7,294,864          9,743,940            (2,449,076)           -25.13%
                                                                           Taxes Payable

                                                                           Akrual
                                                                                                                           59,172,328          51,081,455            8,090,873             15.84%
                                                                           Accrual

                                                                           Liabilitas Kontrak
                                                                                                                          132,357,285          77,107,585           55,249,699             71.65%
                                                                           Contract Liabilities

                                                                           Liabilitas Jangka Panjang yang Jatuh
                                                                           Tempo dalam Waktu Satu Tahun
                                                                           Current Liabilities of Long-Term Liabilities

                                                                           Pinjaman Jangka Panjang
                                                                                                                           20,891,815         20,004,877               886,939              4.43%
                                                                           Long-Term Loans




138
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                           Dalam USD
                                                                                                               In USD


                                                                                    Kenaikan (Penurunan)
                Uraian                                        2024                   Increase (Decrease)
                                           2025
              Description                                                      Nilai Nominal        Persentase
                                                                               Nominal Value        Percentage
 Liabilitas Imbalan Pasca Kerja
                                              3,546,875           4,006,066             (459,191)           -11.46%
 Liabilities for Employees - Benefits

 Liabilitas Sewa - Bagian Jangka Pendek
                                              3,394,940           6,624,431           (3,229,491)          -48.75%
 Lease Liabilities - Current Maturities

 Jumlah Liabilitas Jangka Pendek
                                            305,224,989         237,508,591            67,716,397           28.51%
 Total Short-Term Liabilities


Pinjaman Jangka Pendek                                     Short-Term Loans




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Pinjaman jangka pendek adalah fasilitas pinjaman           Short-term loans are loan facilities with less than one
dengan jangka waktu kurang dari satu tahun yang            year period that the Company used. The Company did
digunakan Perseroan. Perseroan tidak mencatatkan           not record any shor-term loans.
pinjaman jangka pendek.

Utang Usaha                                                Trade Payables
Utang usaha adalah kewajiban membayar barang atau          Trade payable is an obligation to pay for goods or
jasa yang telah diterima dalam kegiatan usaha normal       services received from suppliers during the normal
dari pemasok. Jumlah utang usaha tahun 2025 mencapai       course of business. The Company recorded USD74
USD74 juta, meningkat 15.77% dibandingkan tahun            million of trade payables in 2025, increased by 15.77%
sebelumnya yang terutama terjadi karena peningkatan        compared to the previous year mainly due to the
aktivitas bisnis Perseroan.                                increase in the Company's business activities.

Utang Lain-Lain                                            Other Payables
Utang lain-lain adalah akun yang mencatat transaksi        Other payables record transaction activities with related
dengan pihak berelasi berupa dana pelanggan, utang         parties and it is comprised of customer funds, interest
bunga, dan dividen. Jumlah utang lain-lain tahun 2025      debt, and dividends. Total other payables in 2025
mencapai USD3 juta, menurun 13.77% dibandingkan            reached USD3 million, decreased by 13.77% compared
tahun sebelumnya yang terutama terjadi karena karena       to the previous year which was mainly due to payment
terjadi karena pembayaran atas manfaat pegawai.            of employee benefits.

Utang Pajak Lain-Lain                                      Other Taxes Payable
Utang pajak lain-lain merupakan pajak yang masih           Other taxes payable are categorized as accrued tax
harus dibayar, termasuk di dalamnya kenaikan yang          including the increase stated in the tax assessment or
tercantum dalam surat ketetapan pajak atau surat           similar letter based on tax legislation. The amount of
sejenisnya berdasarkan peraturan perundang-undangan        taxes payable in 2025 reached USD7 million, decreased
perpajakan. Jumlah utang pajak tahun 2025 mencapai         by 25.13% compared to the previous year mainly due to
USD7 juta, menurun 25.13% dibandingkan tahun               income tax payable for 2025.
sebelumnya yang terutama terjadi utang PPh 21 tahun
2025.

Akrual                                                     Accrual
Akrual GMF terdiri dari bonus dan tantiem, sewa, kurir     The accrual expense consists of bonuses. Lease,
dan pengiriman, outsourcing, telepon, listrik dan air,     courier and delivery, outsourcing, phone, electricity
suku cadang, garansi pemeliharaan, pelatihan, jasa         and water, spare parts, maintenance warranty, training,
profesional, asuransi dan lain sebagainya. Jumlah akrual   professional services, insurance, and others. The accrual
pada tahun 2025 mencapai USD59 juta, meningkat             in 2025 amounted to USD59 million, decreased by
15.84% dibandingkan tahun sebelumnya yang terutama         15.84% compared to the previous year mainly due to
terjadi karena akrual atas emisi penerbitan saham.         the settlement of accrued expenses related to share
                                                           issuance




                                                                                                                        139
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           01

                                                                          Liabilitas Kontrak                                            Contract Liabilities
        02                                                                Liabilitas kontrak adalah imbalan yang dibayarkan oleh        The liability of the contract is the payment from the
                                                                          pelanggan lebih dari saldo kewajiban pelaksanaan yang         customers for routine maintenance, with the amount
                                                                          telah dipenuhi, yaitu atas pekerjaan perawatan rutin yang     more than the required figure, since the collection refers
      03                                                                  penagihannya mengacu kepada realisasi flight hours            to the realization of flight hours based on Power by the
                                                                          berdasarkan kontrak Power by the Hour (PBTH).                 Hour (PBTH).

                                                                          Pada tahun 2025, liabilitas kontrak mencapai USD132            In 2025, the contract liabilities reached USD132 million,
         04
                                                                          juta, meningkat 71.65% dibandingkan tahun sebelumnya          increased by 71.65% compared to the previous year
                                                                          yang terutama terjadi karena adanya proyek reaktivasi         mainly due to the Garuda and Citilink aircraft reactivation
                                                                          pesawat Garuda dan Citilink.                                  project.
        05
                                                                          Pinjaman Jangka Panjang Jatuh Tempo                           Current Maturities of Long-term Loans
                                                                          dalam Satu Tahun
       06                                                                 Pinjaman ini merupakan fasilitas pinjaman yang                This is a loan with a maturity of over one year but will be
                                                                          digunakan Perseroan dengan jangka waktu lebih dari            due next year. In 2025, the Company recorded USD20
                                                                          satu tahun, namun akan jatuh tempo pada satu tahun            million of this loan, which was 4.43% higher compared to
                                                                          ke depan. Pada tahun 2025, pinjaman ini mencapai              the previous year adjusted to the loan payment schedule
                                                                          USD20 juta, meningkat 4.43% dibandingkan tahun                to creditors.
                                                                          sebelumnya disesuaikan dengan jadwal pembayaran
                                                                          pinjaman kepada kreditur.
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Liabilitas Imbalan Kerja Jatuh Tempo                          Current Maturities of Liabilities for
                                                                          dalam Satu Tahun                                              Employees Benefit
                                                                          Liabilitas ini merupakan kewajiban Perseroan kepada           The Company is obligated to pay post-employment
                                                                          karyawan atas imbalan pasca-kerja berupa program              benefits to employees in the form of a defined
                                                                          iuran pasti dan manfaat pasti. Liabilitas ini juga mencakup   contribution plan and defined benefit. The liability also
                                                                          imbalan kerja jangka panjang lain untuk karyawan yang         covers other long-term benefits for eligible employees.
                                                                          memenuhi persyaratan program. Liabilitas yang masuk           The liability categorized as short-term liability is the
                                                                          ke dalam liabilitas jangka pendek merupakan kewajiban         obligation for employees who are about to retire not
                                                                          kepada pegawai yang akan memasuki masa pensiun                more than a year after the reporting date.
                                                                          maksimal satu tahun setelah tanggal pelaporan.

                                                                          Pada tahun 2025, liabilitas ini mencapai USD3 juta,           In 2025, the Company recorded a total of USD3 million
                                                                          menurun 11.46% dibandingkan tahun sebelumnya                  in this liability, which was 11.46% lower compared to the
                                                                          terutama karena sejalan dengan demografi pegawai              previous year mainly due to increase that was in line
                                                                          Perseroan saat ini.                                           with the Company’s current employee demographics.

                                                                          Liabilitas Sewa Jatuh Tempo dalam Satu                        Current Maturities of Lease Liabilities
                                                                          Tahun
                                                                          Pada saat penerapan PSAK 73, Perseroan mengakui aset          During the implementation of PSAK 73, the Company
                                                                          hak-guna dan liabilitas sewa sehubungan dengan sewa           recognizes the rights-of-use assets and lease liabilities
                                                                          yang sebelumnya diklasifikasikan sebagai 'sewa operasi'       in accordance with the lease whch previously classified
                                                                          berdasarkan prinsip-prinsip dalam PSAK 30, “Sewa".            as ‘operating lease’ according to the principles of PSAK
                                                                          Liabilitas sewa diukur pada nilai kini dari sisa pembayaran   30, “Lease”. Lease liability is measured based on present
                                                                          sewa, yang didiskontokan dengan menggunakan suku              value, discounted using the incremental interest rate of
                                                                          bunga pinjaman inkremental Perseroan pada tanggal 1           the Company on January 1, 2020. In 2025, the Company
                                                                          Januari 2020. Pada tahun 2025, Perseroan mencatat             recorded USD3 million in this account.
                                                                          nilai akun ini mencapai USD3 juta.




140
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                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
Liabilitas – Liabilitas Jangka Panjang                           Liabilities – Non-Current Liabilities

                                                                                                                    Dalam USD
                                                                                                                        In USD


                                                                                                Kenaikan (Penurunan)
                       Uraian                                                                    Increase (Decrease)
                                                    2025                  2024
                     Description                                                          Nilai Nominal         Persentase
                                                                                          Nominal Value         Percentage
 Liabilitas Jangka Panjang - Setelah Dikurangi Bagian yang Jatuh Tempo Dalam dalam Satu Tahun
 Long-Term Liabilities - Net of Current Maturities

 Utang Usaha Pihak Berelasi
                                                        2,110,480            2,635,490              (525,010)        -19.92%
 Trade Payables Related Parties

 Utang Usaha Pihak Ketiga
                                                        5,129,262             8,743,176           (3,613,914)        -41.33%




                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
 Trade Payables Third Parties

 Pinjaman Jangka Panjang
                                                     351,889,310            371,217,848          (19,328,538)         -5.21%
 Long-Term Loans

 Liabilitas Imbalan Kerja
                                                      25,473,800            23,779,983              1,693,817          7.12%
 Liabilities for Employee Benefits

 Liabilitas Sewa
                                                       8,585,220            38,646,418           (30,061,198)        -77.79%
 Lease Liabilities

Jumlah Liabilitas Jangka Panjang
                                                    393,188,072           445,022,915           )51,834,843(        -11.65%
Total Non-Current Liabilities


Utang Usaha Pihak Berelasi                                       Trade Payables Related Parties
Sebagai usaha Perseroan dalam menjaga keberlangsungan            As part of the Company’s efforts to maintain its
bisnis, Perseroan melakukan negosiasi terhadap sejumlah          business, the Company has negotiated with suppliers
pemasok dengan skema merestrukturisasi utang jangka              to restructure its short-term debt into long-term debt. In
pendek menjadi utang jangka panjang. Pada tahun 2025,            2025, there was a 19.92% decrease and reached USD2
terjadi penurunan sebesar 19.92% mencapai USD2 juta              million mainly due to payments or offset that have been
terutama karena pembayaran atau offset yang telah                made.
dilakukan.

Utang Usaha Pihak Ketiga
Sebagai usaha Perseroan dalam menjaga keberlangsungan            Trade Payables Third Parties
bisnis, Perseroan melakukan negosiasi terhadap sejumlah          As part of the Company’s efforts to maintain its
pemasok dengan skema merestrukturisasi utang jangka              business, the Company has negotiated with suppliers
pendek menjadi utang jangka panjang. Pada tahun 2025,            to restructure its short-term debt into long-term debt. In
terjadi penurunan sebesar 41.33% mencapai USD5 juta              2025, there was a 41.33% decrease and reached USD5
terutama karena pembayaran atau offset yang telah                million mainly due to payments or offset that have been
dilakukan.                                                       made.

Pinjaman Jangka Panjang                                          Long-Term Loans
Pinjaman ini merupakan fasilitas dengan jangka waktu             The loan is a facility with more than one year term
lebih dari satu tahun setelah dikurangi dengan porsi             after deducted from the portion that will be due next
pinjaman yang akan jatuh tempo dalam satu tahun ke               year. There was a 5.21% decrease compared to the
depan. Terjadi penurunan 5.21% dibandingkan tahun                previous year and reached USD351 million. The decrease
sebelumnya dan mencapai USD351 juta. Penurunan ini               occurred due to the principal installment payments have
terjadi karena pembayaran angsuran pokok yang telah              been made.
dilakukan.

Liabilitas Imbalan Kerja                                         Liabilities for Employee Benefits
Liabilitas imbalan kerja yang dikategorikan sebagai              The liabilities for employee benefits which are
liabilitas jangka panjang merupakan kewajiban                    categorized as long-term liabilities are the Company’s
Perseroan kepada pegawai yang akan pensiun di tahun-             responsibility to employees who are about to retire in
tahun berikutnya. Pada tahun 2024, liabilitas imbalan            the following years. In 2025, the Company recorded
kerja tercatat sebesar USD25 juta, meningkat 7.12%               USD25 million in this liability, which was 7.12% higher
dibandingkan tahun sebelumnya yang terutama terjadi              compared to the previous year mainly due to aligning
karena menyesuaikan dengan perhitungan kembali atas              with the recalculation of liabilities for employee benefits.
kewajiban imbalan kerja.

                                                                                                                                 141
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           01

                                                                          Liabilitas Sewa                                                  Lease Liabilities
        02                                                                Pada saat penerapan PSAK 73, Perseroan mengakui aset             During the implementation of PSAK 73, the Company
                                                                          hak-guna dan liabilitas sewa sehubungan dengan sewa              recognizes the rights-of-use assets and lease liabilities in
                                                                          yang sebelumnya diklasifikasikan sebagai 'sewa operasi'          accordance with the lease which was previously classified
      03                                                                  berdasarkan prinsip-prinsip dalam PSAK 30, “Sewa".               as ‘operating lease’ according to the principles of PSAK 30,
                                                                          Liabilitas sewa diukur pada nilai kini dari sisa pembayaran      “Lease”. The lease liability is measured based on present
                                                                          sewa, yang didiskontokan dengan menggunakan suku bunga           value, discounted using the incremental interest rate of
                                                                          pinjaman inkremental Perseroan pada tanggal 1 Januari 2020.      the Company on January 1, 2020. In 2025, the Company
         04
                                                                          Pada tahun 2025, Perseroan mencatat nilai liabilitas sewa        recorded USD8 million in this liability, which was 77.79%
                                                                          sebesar USD8 juta, menurun 77.79% dibandingkan tahun             lower compared to the previous year mainly due to inbreng
                                                                          sebelumnya yang terutama terjadi karena transaksi inbreng        transaction transferring ownership of a Hangar and the
        05                                                                atas kepemilikan Hangar dan bangunan Annex dari Garuda.          Annex building from Garuda.

                                                                          Ekuitas                                                          Equity
       06
                                                                                                                                                                                              Dalam USD
                                                                                                                                                                                                  In USD


                                                                                                                                                                       Kenaikan (Penurunan)
                                                                                                                                                                        Increase (Decrease)
                                                                                             Uraian                             2025                2024
                                                                                           Description                                                                                  Persentase
                                                                                                                                                                    Nilai Nominal
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                                                                                                                                        Percentage
                                                                                                                                                                    Nominal Value

                                                                           EKUITAS/DEFISIENSI MODAL
                                                                           EQUITY/(CAPITAL DEFICIENCY)

                                                                           Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk
                                                                           Equity Attributable to Owners of the Parent

                                                                           Modal Saham
                                                                                                                                356,883,826          219,015,655          137,868,171          62.95%
                                                                           Share Capital

                                                                           Tambahan Modal disetor
                                                                                                                                288,567,252           62,417,236         226,150,016         362.32%
                                                                           Additional Paid-In Capital

                                                                           Uang Muka Atas Modal Saham
                                                                                                                                           0          25,909,891        (25,909,891)            -100%
                                                                           Advance for Share Capital

                                                                           Penghasilan Komprehensif Lain
                                                                                                                                )15,504,644(         (15,900,891)           396,247            -2,49%
                                                                           Other Comprehensive Income

                                                                           Saldo Laba/(Amulasi Kerugian)
                                                                           Retained Earnings/(Accumulated Loss)

                                                                               Dicadangkan
                                                                                                                                  7,492,540            7,492,540                   0                0%
                                                                               Appropriated

                                                                               Belum Dicadangkan
                                                                                                                              )523,052,882(         (557,002,037)         33,949,155           -6.09%
                                                                               Unappropriated

                                                                           Ekuitas yang Dapat Diatribusikan Kepada Pemilik
                                                                           Entitas Induk                                        114,386,092         (258,067,606)       372,453,699          -144.32%
                                                                           Equity Attributable to Owners of the Parent

                                                                           Kepentingan Nonpengendali
                                                                                                                                    180,968              166,303              14,665            8.82%
                                                                           Non-Controlling Interest

                                                                           Jumlah Ekuitas/(Defisiensi Modal)
                                                                                                                                114,567,061       )257,901,303(        372,468,364         -144.42%
                                                                           Total Equity (Capital Deficiency)



                                                                          Modal Saham dan Tambahan Modal                                   Share and Additional Paid-In Capital
                                                                          Disetor
                                                                          Modal saham Perseroan mengalami perubahan pada                   The Company’s share capital was changed in 2025.
                                                                          tahun 2025. Pada RUPS Luar Biasa tanggal 24 Oktober              At the Extraordinary GMS held on October 24, 2025,
                                                                          2025, pemegang saham telah menyetujui pelaksanaan                shareholders approved the implementation of a
                                                                          Rights Issue (PMHMETD) yang akan dilaksanakan                    Rights Issue (PMHMETD), which will be fully executed
                                                                          sepenuhnya pada tanggal 27 Januari 2026. Dengan                  on January 27, 2026. Accordingly, in the Financial
                                                                          demikian, pada Laporan Keuangan untuk tahun yang                 Statements for the year ended December 31, 2025,
                                                                          berakhir pada 31 Desember 2025, pada Laporan Posisi              this is reflected in the Statement of Financial Position
                                                                          Keuangan bagian Ekuitas dengan dicatatkan pada                   under Equity, recorded as “Share Capital” and “Issued
                                                                          “Modal Saham” dan “Modal Ditempatkan dan Disetor”.               and Paid-up Capital.”
142
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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
Rugi Komprehensif Lain                                   Other Comprehensive Loss
Rugi komprehensif lain merupakan akumulasi               Other comprehensive loss is an accumulation of other
penghasilan lain-lain di luar kegiatan operasional       income outside the Company’s operational activities.
Perseroan. Penghasilan ini mencakup keuntungan           The income consist of gain on revaluation of fixed
revaluasi aset tetap setelah dikurangi penyusutan,       assets, revaluation of post-employment benefit liability,
pengukuran kembali liabilitas imbalan pasca kerja,       exchange differences due to financial statement
selisih kurs karena penjabaran laporan keuangan, dan     translation, and others.
sebagainya.

Pada tahun 2025, rugi komprehensif lain tercatat         In 2025, the Company recorded USD15 million of other
sebesar USD15 juta, menurun 2.49% dibandingkan tahun     comprehensive loss, which was 2.49% lower compared
sebelumnya yang terjadi terutama karena dampak atas      to the previous year mainly due to which was mainly due
peningkatan keuntungan revaluasi aset tetap.             to the impact of increased gains from the revaluation
                                                         of fixed assets.




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Saldo Laba/(Defisit)                                     Retained Earnings/(Deficit)
Saldo defisit adalah sebagian atau keseluruhan laba/     Retained earning is part of entire earning/(deficit) that is
(rugi) Perseroan yang tidak didistribusikan sebagai      not distributed as dividend to shareholders. Part of this
dividen kepada pemegang saham. Sebagian saldo            retained earning/(loss) is reserved as working capital
laba/(rugi) ini dicadangkan sebagai modal kerja untuk    to purchase fixed assets or even allocated to settle
membeli aset tetap maupun dialokasikan untuk melunasi    debts. The retained earning/(deficit) consist of reserved
kewajiban. Saldo laba/(rugi) terdiri dari saldo laba     retained earnings and unreserved retained earnings.
dicadangkan serta saldo laba yang belum dicadangkan.

Pada tahun 2025, saldo defisit tercatat sebesar USD523   In 2025, the deficit balance was USD523 million,
juta, menurun 6.09% dibandingkan tahun sebelumnya        decreased by 6.09% compared to the previous year
yang terjadi terutama karena adanya keuntungan yang      mainly due to the existence of profit required by the
dibutuhkan oleh Perseroan.                               Company.

LAPORAN LABA RUGI DAN                                    CONSOLIDATED STATEMENTS
PENGHASILAN KOMPREHENSIF LAIN                            OF PROFIT OR LOSS AND OTHER
KONSOLIDASIAN                                            COMPREHENSIVE INCOME

                                                                                                            Dalam USD
                                                                                                                In USD


                                                                                     Kenaikan (Penurunan)
           Uraian                                                                     Increase (Decrease)
                                      2025                   2024
         Description                                                             Nilai Nominal       Persentase
                                                                                 Nominal Value       Percentage
Pendapatan Usaha
                                        491,882,794               421,223,186         70,659,608             16.77%
Revenue

Beban Usaha
                                        431,312,252               379,219,103         52,093,149             13.74%
Operating Expenses

Laba Usaha
                                        60,570,542                 42,004,083         18,566,459            44.20%
Operating Income

Penghasilan Keuangan
                                           890,900                    337,803            553,097            163.73%
Finance Income

Beban Keuangan
                                        )20,210,871(              (20,166,464)            44,407              0.22%
Finance Costs

Pendapatan Lain-Lain, Bersih
                                          )518,769(                 2,064,576         (1,545,807)           -74,87%
Other Income, Net

Laba/(Rugi ) Sebelum Pajak
Penghasilan                              40,731,802                 24,744,115         15,987,687            64.61%
Profit/(Loss) Before Income Tax

Beban Pajak Penghasilan
                                        )6,764,057(                 2,155,930          8,919,987           -413.74%
Income Tax Expense

Laba/(Rugi) Tahun Berjalan
                                         33,967,745                26,900,045           7,067,700            26.27%
Profit/(Loss) for the Year



                                                                                                                         143
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           01
                                                                                                                                                                                         Dalam USD
                                                                                                                                                                                             In USD
        02
                                                                                                                                                                     Kenaikan (Penurunan)
                                                                                     Uraian                                                                           Increase (Decrease)
                                                                                                                   2025                    2024
      03                                                                           Description                                                                   Nilai Nominal      Persentase
                                                                                                                                                                 Nominal Value      Percentage
                                                                          Penghasilan Komprehensif Lain
         04                                                               Tahun Berjalan
                                                                                                                          409,138                   474,433             (65,295)          -13.76%
                                                                          Other Comprehensive Income for
                                                                          the Year

        05                                                                Jumlah Penghasilan Komprehensif
                                                                          Lain                                            394,972                   452,802             (57,830)          -12.77%
                                                                          Total Other Comprehensive Income

       06                                                                 Jumlah Laba/(Rugi) Komprehensif
                                                                          Tahun Berjalan
                                                                                                                      34,362,717                  27,352,847           7,009,870          25.63%
                                                                          Total Comprehensive Income/
                                                                          (Loss) for the Year

                                                                          Laba/(Rugi) Tahun Berjalan yang Dapat Diatribusikan Kepada
                                                                          Profit/(Loss) for the Year Attributable to

                                                                              Pemilik Entitas Induk
                                                                                                                      33,949,155                   26,891,116          7,058,039          26.25%
                                                                              Owner of Parent Entity
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                              Kepentingan Nonpengendali
                                                                                                                           18,590                      8,929               9,661         108.20%
                                                                              Non-Controlling interests

                                                                          Laba/(Rugi) Tahun Berjalan
                                                                                                                      33,967,745                 26,900,045            7,067,700          26.27%
                                                                          Profit/(Loss for the Year

                                                                          Laba/(Rugi) Komprehensif yang Dapat Diatribusikan Kepada:
                                                                          Comprehensive Income/(Loss) Attributable to:

                                                                              Pemilik Entitas Induk
                                                                                                                      34,345,402                  27,343,918           7,001,484           25.61%
                                                                              Owner of Parent Entity

                                                                              Kepentingan Nonpengendali
                                                                                                                           17,315                      8,929               8,386          93.92%
                                                                              Non-Controlling interests

                                                                          Laba/(Rugi) Komprehensif Tahun
                                                                          Berjalan
                                                                                                                      34,362,717                  27,352,847           7,009,870          25.63%
                                                                          Comprehensive Income/(Loss) for
                                                                          the Year

                                                                          Laba/(Rugi) per Saham Dasar/
                                                                          Dilusian
                                                                                                                         0.00090                      0.0010                    0           -10%
                                                                          Basic/Diluted Earnings (Loss) per
                                                                          Share



                                                                          Pendapatan Usaha                                              Revenue
                                                                          Pendapatan usaha tahun 2025 tercatat sebesar USD491           The revenue in 2025 amounted to USD491 million, higher
                                                                          juta, yang meningkat 16.77% dibandingkan tahun                by 16.77% compared to the previous year. Explanation
                                                                          sebelumnya. Penjelasan mengenai kinerja pendapatan            regarding the revenue performance has been disclosed
                                                                          telah diungkapkan di Tinjauan Operasi per Segmen              in the Operational Review by Business Segment.
                                                                          Usaha.

                                                                          Beban Usaha                                                   Operating Expenses

                                                                                                                                                                                         Dalam USD
                                                                                                                                                                                             In USD


                                                                                                                                                                    Kenaikan (Penurunan)
                                                                                        Uraian                                                                       Increase (Decrease)
                                                                                                                        2025                2024
                                                                                      Description                                                               Nilai Nominal       Persentase
                                                                                                                                                                Nominal Value       Percentage
                                                                          Beban Pegawai
                                                                                                                          120,858,733         116,569,103             4,289,630            3.68%
                                                                          Employee Expenses

                                                                          Beban Material
                                                                                                                          144,812,174          117,177,864           27,634,310           23.58%
                                                                          Material Expenses

144
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                                                                                                            Dalam USD
                                                                                                                In USD


                                                                                      Kenaikan (Penurunan)
              Uraian                                                                   Increase (Decrease)
                                             2025                2024
            Description                                                          Nilai Nominal       Persentase
                                                                                 Nominal Value       Percentage
 Beban Subkontrak
                                              108,620,839          100,390,977          8,229,862             8.20%
 Subcontract Expenses

 Beban Penyusutan
                                                19,331,432          18,694,770           636,662              3.41%
 Depreciation Expense

 Beban Operasional Lainnya
                                               32,298,537           20,441,906          11,856,631           58.00%
 Other Operating Expenses


Beban Pegawai                                                Employee Expenses




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Beban pegawai mencakup biaya gaji dan tunjangan              Employee expenses include salaries and employee
pegawai, insentif, biaya kontribusi dana pensiun, imbalan    benefits, incentives, pension fund contribution costs,
kerja, dan biaya pegawai lainnya. Pada tahun 2025,           employee rewards, and other employee costs. In 2025,
beban pegawai mencapai USD120 juta, yang meningkat           employee expenses reached USD120 million, higher by
3.68% dibandingkan tahun sebelumnya karena kenaikan          3.68% compared to the previous year due to the increase
gaji pokok dan tunjangan tahun berjalan.                     in basic salary and allowances for the current year.

Beban Material                                               Material Expenses
Beban material mencakup biaya pembelian suku cadang          Material expenses include the expense of purchasing
habis pakai (expendable), suku cadang yang dapat             consumable parts (expandable), repairable parts, courier
diperbaiki (repairable), biaya kurir dan pengiriman, biaya   and shipping, fuel, and others. In 2025, the Company
bahan bakar, dan biaya material lainnya. Pada tahun          spent USD144 million on material expenses, 23.58%
2025, beban material mencapai USD144 juta, yang              higher compared to the previous year due to the Garuda
meningkat 23.58% dibandingkan tahun sebelumnya               and Citilink aircraft reactivation projects
karena pekerjaan proyek reaktivasi pesawat Garuda
dan Citilink.

Beban Subkontrak                                             Subcontracting Expenses
Beban subkontrak mencakup biaya komponen                     Subcontracting expenses include the expenses for
subkontrak dan biaya jasa teknis dan penunjang               subcontracting components and other expenses
penerbangan. Jumlah beban subkontrak tahun                   covering technical services and airline support. The
2025 mencapai USD108 juta, yang meningkat 8.20%              total subcontracting expenses in 2025 reached USD108
dibandingkan tahun sebelumnya karena adanya                  million, 8.20 % higher compared to the previous year
peningkatan aktivitas bisnis Perseroan terutama pada         due to an increase in the Company’s business activities,
segmen Engine.                                               especially in the Engine segment.

Beban Penyusutan                                             Depreciation Expenses
Beban penyusutan mencakup beban penyusutan aset              Depreciation expenses consist of depreciation expenses
tetap, beban amortisasi dan beban penurunan aset.            of fixed assets, amortization expenses, and impairment
Jumlah beban penyusutan tahun 2025 mencapai                  of assets. The depreciation expenses in 2025 reached
USD19 juta, yang meningkat 3.41% dibandingkan tahun          USD19 million, 3.41% higher compared to the previous
sebelumnya karena adanya peningkatan aset tetap atas         year due to there is an increase in fixed assets due to
realisaasi Capex.                                            the realization of Capex.

Beban Keuangan                                               Finance Costs
Beban keuangan mencakup beban bunga atas fasilitas           Finance costs consist of interest charges for financial
keuangan, biaya transaksi, dan biaya lain-lain yang          facilities, transaction fees, and other expenses for
dibebankan atas fasilitas. Pada tahun 2025, beban            using the facility. In 2025, the finance costs amounted
keuangan mencapai USD20 juta, meningkat 0.22%                to USD20 million, which was lower by 0.22% compared
dibandingkan tahun sebelumnya karena adanya                  to the previous year due to increased lease liability.
peningkatan sewa liabilitas.




                                                                                                                         145
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           01

                                                                          Pendapatan Lain-Lain, Bersih                              Other Income, Net
        02                                                                Pendapatan lain-lain pada tahun 2025 mencapai USD0,5      Other income in 2025 reached USD0,5 million and it
                                                                          juta, menurun 74.87% dibandingkan tahun sebelumnya        was 74.87% lower compared to the previous year due
                                                                          karena dampak pengukuran kembali imbalan pasca kerja.     to remeasurement of liabilities for employee benefits.
      03
                                                                          Beban Pajak Penghasilan                                   Income Tax Expense
                                                                          Beban pajak penghasilan pada tahun 2025 mencapai          Income tax expense in 2025 reached USD6 million, a
                                                                          USD6 juta, menurun 413% dibandingkan tahun                decrease of 413% compared to the previous year (in the
         04
                                                                          sebelumnya (pada tahun sebelumnya terdapat                prior year there was an income tax benefit rather than
                                                                          manfaat (bukan beban) pajak penghasilan) dikarenakan      an expense). This was due to adjustments to deferred
                                                                          selain terdapat koreksi atas pajak tangguhan tahun        tax from the previous year, as well as the fact that in
        05                                                                sebelumnya, pada tahun 2025 jumlah pengakuan              2025 the amount of deferred tax assets recognized from
                                                                          aset pajak tangguhan dari akumulasi rugi pajak yang       accumulated tax losses that had previously not been
                                                                          sebelumnya tidak diakui tidak sebesar tahun sebelumnya.   recognized was lower than in the prior year.
       06
                                                                          Laba/(Rugi) Tahun Berjalan                                Profit/(Loss) for the Year
                                                                          Perseroan mencatatkan laba tahun berjalan pada            The Company recorded profit for the year in 2025
                                                                          tahun 2025 mencapai USD33 juta dibandingkan tahun         amounted to USD33 million compared to the previous
                                                                          sebelumnya karena kinerja positif Perseroan pada tahun    year due to the Company’s positive performance during
                                                                          berjalan.                                                 the year.
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Laba/(Rugi) Komprehensif Tahun                            Comprehensive Income/(Loss) for the
                                                                          Berjalan                                                  Year
                                                                          Perseroan mencatatkan laba komprehensif tahun             The Company recorded comprehensive income for the
                                                                          berjalan pada tahun 2025 mencapai USD34 juta              year in 2025 amounted to USD34 million compared
                                                                          dibandingkan tahun sebelumnya karena kinerja positif      to the previous year due to the Company’s positive
                                                                          Perseroan pada tahun berjalan.                            performance during the year.

                                                                          LAPORAN ARUS KAS KONSOLIDASIAN                            CONSOLIDATED STATEMENTS OF
                                                                                                                                    CASH FLOWS

                                                                                                                                                                                  Dalam USD
                                                                                                                                                                                      In USD


                                                                                                                                                           Kenaikan (Penurunan)
                                                                                         Uraian                                                             Increase (Decrease)
                                                                                                                    2025              2024
                                                                                       Description                                                     Nilai Nominal        Persentase
                                                                                                                                                       Nominal Value        Percentage

                                                                           Arus Kas Bersih yang Diperoleh dari
                                                                           Aktivitas Operasi
                                                                                                                      65,213,105         14,740,437          50,472,668           342.41%
                                                                           Net Cash Flows Generated from
                                                                           Operating Activities

                                                                           Arus Kas Bersih yang Digunakan untuk
                                                                           Aktivitas Investasi
                                                                                                                      )4,612,115(        (4,204,144)            (407,971)           9.70%
                                                                           Net Cash Flows Used in Investing
                                                                           Activities

                                                                           Arus Kas Bersih yang Digunakan untuk
                                                                           Aktivitas Pendanaan
                                                                                                                    )30,543,032(        (18,528,862)         (12,014,170)          64.84%
                                                                           Net Cash Flows Used in Financing
                                                                           Activities

                                                                           (Penurunan)/Kenaikan Bersih Kas dan
                                                                           Setara Kas
                                                                                                                     30,057,958          (7,992,569)          38,050,527         -476.07%
                                                                           (Decrease)/Increase in Cash and Cash
                                                                           Equivalents

                                                                           Kas dan Setara Kas Awal Tahun
                                                                           Cash and Cash Equivalents at Beginning     12,623,481         21,051,033           (8,427,552)         -40.03%
                                                                           of Year

                                                                           Efek Perubahan Kurs Mata Uang Asing
                                                                           Effects of Changes in Foreign Exchange    )1,723,654(          (434,983)           (1,288,671)         296.26%
                                                                           Rates




146
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                                                                                                          Dalam USD
                                                                                                              In USD


                                                                                   Kenaikan (Penurunan)
              Uraian                                                                Increase (Decrease)
                                            2025              2024
            Description                                                        Nilai Nominal        Persentase
                                                                               Nominal Value        Percentage

Efek Dekonsolidasi Anak Usaha
                                                    2,046                  -               2,046          100.00%
Effect of Deconsolidation of Subsidiary

Kas dan Setara Kas Akhir Tahun
Cash and Cash Equivalents at End of           40,955,739         12,623,481          28,332,257           224.44%
Year



Arus Kas Dari Aktivitas Operasi                             Cash Flows from Operating Activities




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                                          Dalam USD
                                                                                                              In USD


                                                                                   Kenaikan (Penurunan)
            Uraian                                                                  Increase (Decrease)
                                          2025               2024
          Description                                                          Nilai Nominal        Persentase
                                                                               Nominal Value        Percentage
Penerimaan Kas dari Pelanggan
                                           502,019,259          397,785,529          104,233,730           26.20%
Cash Receipts from Customers

Pembayaran Kas kepada Pemasok
dan Lainnya                               )299,464,776(       (258,200,426)         (41,264,350)           15,98%
Cash Paid to Suppliers and others

Pembayaran kepada Karyawan
                                           )114,311,689(       (106,599,995)          (7,711,694)           7.23%
Paid to Employees

Kas Diperoleh dari Operasi
                                            88,242,794           32,985,108           55,257,686           167.52%
Cash Generated from Operations

Pembayaran Beban Keuangan
                                           )13,626,083(         (14,820,923)           1,194,840           -8.06%
Finance Costs Paid

Penerimaan Pengembalian Pajak
                                              5,323,014                    -           5,323,014             100%
Tax Refund Receipt

Pembayaran Pajak Penghasilan
Badan                                        )1,692,127(         (1,703,336)              11,209           -0.66%
Corporate Income Tax Payment

Pembayaran Pajak Lain-lain
                                           )13,034,493(          (1,720,412)         (11,314,081)         657.64%
Other Taxes Paid

Arus Kas Neto yang Diperoleh Dari
Aktivitas Operasi
                                             65,213,105          14,740,437          50,472,668           342.41%
Net Cash Flows Generated from
Operating Activities



Kas bersih dari aktivitas operasi pada tahun 2025           Net cash flows from operating activities in 2025
tercatat sebesar USD65 juta, meningkat 342%                 amounted to USD65 million, which was 342% higher
dibandingkan tahun sebelumnya terutama karena               compared to the previous year mainly due to the receipt
adanya penerimaan pembayaran dari Customer Military/        of payments from Military/Goverment customers at the
Goverment pada akhir tahun.                                 end of the year.




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           01

                                                                          Arus Kas Dari Aktivitas Investasi                              Cash Flows from Investing Activities
        02
                                                                                                                                                                                          Dalam USD
                                                                                                                                                                                              In USD


      03                                                                                                                                                           Kenaikan (Penurunan)
                                                                                        Uraian                                                                      Increase (Decrease)
                                                                                                                      2025                 2024
                                                                                      Description                                                             Nilai Nominal       Persentase
         04                                                                                                                                                   Nominal Value       Percentage
                                                                          Penempatan Kas dan Setara Kas yang
                                                                          Dibatasi Penggunaannya
                                                                                                                          )1,886,331(           (543,905)           (1,342,426)           246.81%
        05                                                                Placement of Restricted Cash and Cash
                                                                          Equivalents

                                                                          Pencairan Kas dan Setara Kas yang
       06                                                                 Dibatasi Penggunaannya
                                                                                                                              816,772                    -             816,772               100%
                                                                          Withdrawals of Restricted Cash and
                                                                          Cash Equivalents

                                                                          Penerimaan Pendapatan Keuangan
                                                                                                                             )770,091            337,803              432,288             127.97%
                                                                          Finance Income Received

                                                                          Pembelian Aset Tetap
                                                                                                                          )3,300,626(        (3,998,042)               697,416              -17.44
                                                                          Purchases of Fixed Assets
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Penerimaan Dari Penjualan Aset Tetap
                                                                                                                              36,792                     -              36,792               100%
                                                                          Proceed From The Sale of Fixed Assets

                                                                          Penambahan Uang Muka Atas Pembelian
                                                                          Aset Tetap
                                                                                                                          )1,026,828(                    -          (1,026,828)              100%
                                                                          Additions in Advances for The Purchase
                                                                          of Fixed Assets

                                                                          Penempatan Deposito Berjangka
                                                                                                                             )21,985(                    -             (21,985)              100%
                                                                          Placements of Time Deposits

                                                                          Arus Kas Bersih yang Digunakan untuk
                                                                          Aktivitas Investasi
                                                                                                                           )4,612,116(       (4,204,144)              (407,972)             9.70%
                                                                          Net Cash Flows Used in Investing
                                                                          Activities



                                                                          Kas bersih dari aktivitas investasi pada tahun 2025            Net cash flows from investing activities in 2025
                                                                          tercatat sebesar USD4 juta, meningkat 9.70%                    amounted to USD4 million, which was 9.70% higher
                                                                          dibandingkan tahun sebelumnya terutama karena                  compared to the previous year mainly due to payments
                                                                          adanya pembayaran untuk pengadaan Capex selama                 for Capex procurement during the current year.
                                                                          tahun berjalan.

                                                                          Arus Kas dari Aktivitas Pendanaan                              Cash Flows from Financing Activities

                                                                                                                                                                                          Dalam USD
                                                                                                                                                                                              In USD


                                                                                                                                                                  Kenaikan (Penurunan)
                                                                                     Uraian                                                                        Increase (Decrease)
                                                                                                                   2025                  2024
                                                                                   Description                                                               Nilai Nominal        Persentase
                                                                                                                                                             Nominal Value        Percentage
                                                                          Penerimaan Pinjaman Jangka
                                                                          Pendek                                     3,283,033                       -              3,283,033                100%
                                                                          Proceeds from Short-Term Loans

                                                                          Pembayaran Pinjaman Jangka
                                                                          Pendek                                    )3,295,473(              (181,587)             (3,113,886)           1,714.82%
                                                                          Payment of Short-Term Loans

                                                                          Penerimaan Pinjaman Jangka
                                                                          Panjang                                  )20,004,877(           (10,874,438)             (9,130,439)             83.96%
                                                                          Proceeds from Long-Term Loans

                                                                          Pembayaran Pinjaman Jangka
                                                                          Panjang                                  )12,678,939(            (7,472,837)              (5,206,102             69.67%
                                                                          Payment of Long-Term Loans


148
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                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                  Dalam USD
                                                                                                                      In USD


                                                                                          Kenaikan (Penurunan)
             Uraian                                                                        Increase (Decrease)
                                              2025              2024
           Description                                                              Nilai Nominal         Persentase
                                                                                    Nominal Value         Percentage
 Pembayaran Liabilitas Sewa
 Payment of Lease Liabilities                    2,153,224                     -            2,153,224                100%
 Acceptance of Factoring Liabilities

 Arus Kas Bersih yang Digunakan
 untuk Aktivitas Pendanaan                    )30,543,032(                                (12,014,170)             64.84%
                                                                    (18,528,862)
 Net Cash Flows Used in Financing
 Activities




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Kas bersih dari aktivitas pendanaan pada tahun 2025             Net cash flows from financing activities in 2025
tercatat sebesar USD30 juta, meningkat 64.84%                   amounted to USD30 million, which was 64.84% higher
dibandingkan tahun sebelumnya terutama karena                   compared to the previous year mainly due to payment
pembayaran pokok hutang kepada kreditur.                        of the principal debt to creditors.

Kenaikan (Penurunan) Bersih Kas dan                             Increase (Decrease) of Cash and Cash
Setara Kas Serta Kas dan Setara Kas                             Equivalent and at End of Year Balance
Akhir Tahun
Dengan akumulasi pada arus kas dari aktivitas operasi,          The accumulation of cash flow on operating, investment,
arus kas dari aktivitas investasi, serta arus kas dari          and funding activities, along with the effect of foreign
aktivitas pendanaan, serta efek perubahan kurs mata             exchange rate charges, the cash and cash equivalents
uang asing, kas dan setara kas sepanjang tahun 2025             throughout 2025 increased by USD28 million. Therefore,
mengalami peningkatan sebesar USD28 juta. Dengan                the Company recorded USD41 million in its cash and
demikian, kas dan setara kas pada akhir tahun 2025              cash equivalents by the end of 2025.
tercatat sebesar USD41 juta.

KEMAMPUAN MEMBAYAR UTANG DAN                                    ABILITY TO PAY DEBT AND
TINGKAT KOLEKTIBILITAS PIUTANG                                  RECEIVABLES COLLECTIBILITY

Kemampuan Perseroan dalam membayar utang diukur                 The Company’s ability to pay the debt is calculated using
menggunakan rasio solvabilitas dan rasio likuiditas. Rasio      the solvability ratio and liquidity ratio. The solvability
solvabilitas merupakan rasio yang mengukur kemampuan            ratio calculates the Company’s ability to pay its short and
Perseroan membayar seluruh utang jangka pendek dan              long-term loans, while the liquidity ratio is calculated to
jangka panjang, sedangkan rasio likuiditas diukur untuk         determine the Company’s ability to pay its short-term
menentukan kemampuan Perseroan dalam membayar                   loan.
utang jangka pendek.

Rasio Likuiditas                                                Liquidity Ratio

                                                                                                                  Dalam Kali
                                                                                                                   In Times


                                                                                        Kenaikan (Penurunan)
        Uraian                                                                           Increase (Decrease)
                                       2025                  2024
      Description                                                                  Nilai Nominal          Persentase
                                                                                   Nominal Value          Percentage
 Cash Ratio                                      0.13                  0.05                        0.08           160.00%

 Acid Test Ratio                                0.38                   0.31                        0.07            22.58%

 Current Ratio                                  0.99                   0.87                        0.12            13.79%




                                                                                                                               149
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           01

                                                                          Pada tahun 2025, tingkat cash ratio Perseroan tercatat          In 2025, the Company's cash ratio was recorded at 0.13
        02                                                                sebesar 0.13 kali dibandingkan tahun 2024 sebesar 0.05          times, compared to 0.05 times in 2024. This represents
                                                                          kali. Dengan demikian terjadi peningkatan 160.00%.              a increase of 160.00%. This increase is in line with net
                                                                          Peningkatan ini sejalan dengan arus kas bersih yang             cash flow obtained from operating activities.
      03                                                                  diperoleh dari akivitas operasi.

                                                                          Nilai acid test ratio dan current ratio menunjukkan             Test ratio and current ratio indicate the Company's ability
                                                                          kemampuan Perseroan membayar kewajiban jangka                   to meet its short-term obligations using its cash and
         04
                                                                          pendeknya dengan menggunakan kas dan aset lancar                liquid assets. In 2025, the acid test ratio performance
                                                                          yang dimiliki. Pada tahun 2025, kinerja acid test ratio         was recorded at 0.38 times, while the Company's current
                                                                          tercatat 0.38 kali dan current ratio Perseroan rasio            ratio was recorded at 0.31 times. This indicates that
        05                                                                tercatat 0.31 kali. Hal ini menunjukkan bahwa adanya            that the Company’s ability to pay current liabilities has
                                                                          peningkatan kemampuan dalam membayar kewajiban                  increased.
                                                                          jangka pendek.
       06
                                                                          Rasio Solvabilitas                                              Solvency Ratio

                                                                          Rasio solvabilitas digunakan untuk menilai kemampuan            Solvency is used to assess the Company’s ability to settle
                                                                          Perseroan melunasi seluruh utang yang dimilikinya               all of its debt in the long term, by using the Company’s
                                                                          secara jangka panjang, dengan menggunakan seluruh               entire assets or capital. Solvency is calculated using
                                                                          aset atau modal Perseroan. Pengukuran solvabilitas              Debt to Equity Ratio (DER) and Debt to Assets Ratio
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          menggunakan Debt to Equity Ratio (DER) dan Debt to              (DAR).
                                                                          Assets Ratio (DAR).

                                                                                                                                                                                              Dalam Kali
                                                                                                                                                                                               In Times


                                                                                                                                                                       Kenaikan (Penurunan)
                                                                                             Uraian                                                                     Increase (Decrease)
                                                                                                                            2025                   2024
                                                                                           Description                                                             Nilai Nominal       Persentase
                                                                                                                                                                   Nominal Value       Percentage
                                                                           Debt to Equity Ratio (DER)                                  6.10               (2.65)                8.75         -330,19%

                                                                           Debt to Assets Ratio (DAR)                                  0.86                 1.61               -0.75         -46.58%




                                                                          Pada tahun 2025, nilai DER Perseroan tercatat sebesar           In 2025, the Company's DER Ratio was recorded at 6.10
                                                                          6.10 kali, dibandingkan (2.65) kali pada tahun 2024. Nilai      times, compared to (2.65) times in 2024. The Company's
                                                                          DAR Perseroan pada tahun 2025 tercatat 0.86 kali,               DAR in 2025 was recorded at 0.86 times, decreasing
                                                                          menurun -46.58% dibandingkan 1.61 kali pada tahun               by -46.58% compared to 1.61 times in 2024. This is in
                                                                          2024. Hal ini sejalan dengan penurunan jumlah liabilitas        line with the decrease in total liabilities and total assets.
                                                                          dan jumlah aset.

                                                                          Kolektibilitas Piutang                                          Collectibility of Receivables
                                                                          Guna memastikan kelancaran operasional dan                      To ensure smooth operations and avoid bad debts, it
                                                                          menghindari piutang macet, penting bagi Perseroan               is important for the Company to assess its ability to
                                                                          untuk menilai kemampuannya dalam mengumpulkan                   collect receivables, which can be measured through
                                                                          piutang, yang dapat diukur melalui perhitungan Average          the calculation of the Average Collection Period (ACP).
                                                                          Collection Period (ACP). Berdasarkan tingkat piutang            Based on the Company's receivables and revenue levels
                                                                          dan pendapatan Perseroan pada tahun 2025, nilai ACP             in 2024, the ACP value decreased to 46 days from 46
                                                                          Perseroan mengalami bertahan pada tingkat 46 hari. Hal          days in 2024. This reflects the Company’s ongoing
                                                                          ini menunjukkan bahwa Perseroan senantiasa menjaga              commitment to maintaining effectiveness in receivables
                                                                          komitmennya untuk mempertahankan efektivitas dalam              collection by applying a persuasive approach to clients
                                                                          menagih piutang dengan menggunakan pendekatan                   and preparing work contracts that provide adequate
                                                                          persuasif kepada klien dan mempersiapkan kontrak                protection for the Company.
                                                                          kerja yang dapat melindungi Perseroan.




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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
STRUKTUR MODAL                                              CAPITAL STRUCTURE

Pengelolaan struktur modal yang sehat dan seimbang          The management of a sound capital structure, balanced
antara tingkat risiko dan imbal hasil akan mampu            between risk and return, enables the Company to
mengoptimalkan nilai bagi pemegang saham sekaligus          optimize value for shareholders while maintaining
menjaga keberlanjutan usaha. Perseroan menjaga              business sustainability. The Company maintains a sound
struktur permodalannya agar tetap sehat dengan              capital structure by taking into account future investment
mempertimbangkan kebutuhan investasi di masa depan,         requirements, the business risk profile, and the balance
profil risiko usaha, serta keseimbangan antara sumber       between internal and external funding sources. The
pendanaan internal dan eksternal. Perseroan secara          Company carefully manages the composition of equity
cermat mengelola komposisi ekuitas dan liabilitas guna      and liabilities to preserve financial flexibility, strengthen
menjaga fleksibilitas keuangan, memperkuat likuiditas,      liquidity, and ensure its ability to meet both short-term
serta memastikan kemampuan Perseroan dalam                  and long-term obligations.
memenuhi kewajiban jangka pendek maupun jangka




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
panjang.

                                                                                                               Dalam USD
                                                                                                                   In USD


                                                                                         Kenaikan (Penurunan)
                  Uraian                                                                  Increase (Decrease)
                                                  2025               2024
                Description                                                          Nilai Nominal       Persentase
                                                                                     Nominal Value       Percentage
Pinjaman
                                                  372,781,125         391,222,725         (18,441,600)           -4.71%
Loan

Kas dan Setara Kas
                                                  40,955,739           12,623,481          28,332,258          224.44%
Cash and Cash Equivalents

Pinjaman - Bersih
                                                  331,825,386         378,599,244         (46,773,858)          -12.35%
Loans - Net

Ekuitas yang Dapat Diatribusikan Kepada Pemilik
Induk
                                                  114,386,092        (258,067,606)        372,453,698         -144.32%
Equity Attributable to Owners of the Parent
Entity

Rasio Pinjaman Bersih Terhadap Ekuitas
                                                      290,09              (146,71)              721,57        -491.83%
Net Loan to Equity Ratio


Kebijakan Manajemen Atas Struktur                           Management Policy on Capital Structure
Modal
Tujuan utama Manajemen dalam mengelola struktur             The Management’s primary objective in managing the
permodalan adalah untuk memastikan bahwa                    capital structure is to ensure that the Company has
Perseroan memiliki dasar keuangan yang kuat guna            a strong financial foundation to support sustainable
mendukung pertumbuhan bisnis yang berkelanjutan             business growth and provide added value to
serta memberikan nilai tambah bagi pemegang saham.          shareholders. Capital management is carried out
Pengelolaan modal dilakukan secara strategis dengan         strategically by considering economic conditions and
mempertimbangkan kondisi ekonomi dan dinamika               industry dynamics, enabling the Company to adapt to
industri, sehingga Perseroan dapat beradaptasi dengan       changes.
perubahan yang terjadi.

Direksi secara berkala mengevaluasi dan menyesuaikan        The Board of Directors regularly evaluates and adjusts
kebijakan permodalan dengan mempertimbangkan biaya          capital policies by taking into account capital costs and
modal serta risiko yang mengiringinya, guna mencapai        the associated risks, in order to achieve an optimal
keseimbangan optimal antara stabilitas keuangan dan         balance between financial stability and business
peluang ekspansi bisnis.                                    expansion opportunities.

Melihat struktur modal pada tahun 2025, Dewan Direksi       Looking at the capital structure in 2025, the Board of
menilai bahwa struktur modal Perusahaan kuat dan baik       Directors considers that the Company's capital structure
berkat posisi ekuitasnya yang positif.                      is strong and good do to its positive equity position.




                                                                                                                            151
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           01

                                                                          INVESTASI BARANG MODAL                                                   CAPITAL GOODS INVESTMENT
        02
                                                                          Perseroan melakukan investasi barang modal yang                          The Company made capital investments in the form of
                                                                          digunakan untuk berbagai keperluan untuk mendukung                       which used for various purposes to support business
      03                                                                  operasional bisnis sepanjang tahun 2025. Investasi                       operations throughout 2025. These investments are
                                                                          tersebut tergolong investasi rutin yang selalu dilakukan                 categorized as routine investments that are carried out
                                                                          setiap tahunnya sebagai bagian dari aktivitas bisnis                     annually as part of the Company’s business activities
                                                                          Perseroan di bidang RMO untuk meningkatkan                               in the RMO sector to enhance facility and machinery
         04
                                                                          kapabilitas fasilitas dan mesin. Rincian investasi barang                capabilities. The details of capital investments in 2025
                                                                          modal tahun 2025 adalah sebagai berikut:                                 are as follows:

        05
                                                                                                                                                                                                  Dalam USD
                                                                                                                                                                                                      In USD


       06                                                                      Investasi Barang Modal                                Tujuan                                         Nilai
                                                                                  Capital Investment                                 Purpose                                        Value
                                                                           Tools untuk kebutuhan Reinstate EASA   Pemenuhan Regulasi EASA
                                                                                                                                                                                                  789,307
                                                                           Tools for EASA Reinstatement           Fulfillment of EASA regulation

                                                                                                                  Peningkatan Kapabilitas
                                                                           Tools untuk Project Reaktivasi
                                                                                                                                                                                                  736,947
                                                                           Tools for Reactivation Project
                                                                                                                  Capability Improvement
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                           Specific Tools C130                    Peningkatan Kapabilitas
                                                                                                                                                                                                  725,064
                                                                           Spesific Tools for C130                Capability Improvement

                                                                           LRU Landing Gear A320 dan Special      Peningkatan Kapabilitas
                                                                           Tools Landing Gear A320 EV
                                                                                                                                                                                                  463,714
                                                                           LRU Landing Gear A320 and Special
                                                                           Tools for Landing Gear A320 EV         Capability Improvement

                                                                           Lainnya
                                                                                                                                                                                                  900,750
                                                                           Others

                                                                          Jumlah
                                                                                                                                                                                                3,615,782
                                                                          Total


                                                                          Ikatan Material untuk Investasi Barang                                   Material Commitment for Capital Goods
                                                                          Modal                                                                    Investment
                                                                          Investasi barang modal pada tahun 2025 yang dilakukan                    The capital investments in 2025, denominated in USD,
                                                                          Perseroan dalam USD tidak dapat dikategorikan sebagai                    cannot be classified as investments with material
                                                                          investasi yang memiliki ikatan material. Investasi                       commitments. The total investment in 2025 was
                                                                          pada tahun 2025 total tercatat sebesar USD3.61                           recorded at USD3.61 million whereas in 20234, it was
                                                                          juta sedangkan pada tahun 2024 tercatat sebesar                          recorded at USD3.68 million. There was a decrease
                                                                          USD3.68 juta. Terjadi penurunan investasi sebesar                        of 1.9% in investment, which occurred due to EASA
                                                                          1.9% yang terjadi karena sebaigan besar kebutuhan                        Fulfillment already fulfilled in 2024. Despite the
                                                                          untuk pemenuhan regulasi EASA sudah dilakukan di                         difference, this investment is a routine expenditure
                                                                          tahun 2024. Walaupun terjadi perbedaan, investasi ini                    made by the Company for operational purposes and,
                                                                          merupakan investasi rutin yang dikeluarkan Perseroan                     therefore, does not require approval from shareholders.
                                                                          untuk keperluan operasional sehingga tidak memerlukan
                                                                          keputusan dari pemegang saham.

                                                                          Sumber dana untuk investasi sebagian besar berasal                       The majority of the investment funds came from the
                                                                          dari internal Perseroan. Sumber dana yang berasal                        Company’s internal sources. Funding obtained through
                                                                          dari kesepakatan dengan pihak eksternal tergolong                        agreements with external parties is considered
                                                                          tidak material dalam hal jumlah nilai nominal ataupun                    immaterial in terms of either the nominal value or its
                                                                          tujuannya.                                                               intended purpose.




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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
PENCAPAIAN TARGET DAN KPI TAHUN                                ACHIEVEMENT OF 2025 TARGET AND
2025 [OJK F.2]                                                 KPI [OJK F.2]

                                            Pencapaian Target Tahun 2025
                                              2025 Target Achievement
                                                                                                           Dalam USD
                                                                                                               In USD


                                                                                           Realisasi Terhadap
         Keterangan                                                                               Target
                                      Achievement                   Target
         Description                                                                       Realization to Target
                                                                                                    (%)
Operasi dan Bisnis
Operation and Business

Revenue (USD Million)                                491.88                      452.69                       109%




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
EBITDA (USD Million)                                  33,97                        27.12                      125%

Cash Balance (USD Million)                            40.96                       12.92                       317%

Customer Satisfaction Index                               4                           4                       100%

Customer SLA Fulfilment                             100.12%                       100%                      100.12%

Compliance Index                                   104.89%                        100%                     104.73%

Human Capital Readiness                             96.99%                      95.00%                     102.09%

Pemasaran
Marketing

Revenue Group Affiliation                       357,372,307                243.424.878                        147%

Revenue Non-Group Affiliation                   134,510,487                  111.219.800                       121%

Customer Satisfaction Index                             4.0                         4.0                       100%

Laba (Rugi) dan Penghasilan Komprehensif Lain
Profit (Loss) and Other Comprehensive Income

Pendapatan Usaha
                                                491.882.794                416.928.621                         118%
Revenue

Beban Usaha
                                                431.312.252                363.433.652                        119%
Operating Expenses

Laba Usaha
                                                 60.570.542                  53.494.969                       113%
Operating Profit

Pendapatan (Beban) Lain-lain
                                                (19.838.740)               (18.717.739)                       106%
Other Revenue (Expenses)

Laba/(Rugi) Konsolidasian
Sebelum Pajak Penghasilan
                                                 40.731.802                  34.777.230                        117%
Consolidated Profit/ (Loss)
Before Income Tax

(Beban)/Manfaat Pajak
                                                 (6.764.057)                 (7.650.991)                       88%
Tax Expenses

Laba/(Rugi) Tahun Berjalan
                                                 33.967.745                  27.126.239                       125%
Profit/ (Loss) for the Year

Posisi Keuangan
Financial Position

Aset
Assets

Aset Lancar
                                                303.892.171                233.922.142                        130%
Current Assets

Aset Tidak Lancar
                                                509.087.950                208.837.007                        244%
Non Current Assets




                                                                                                                        153
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           01

                                                                                                                         Pencapaian Target Tahun 2025
        02                                                                                                                 2025 Target Achievement
                                                                                                                                                                                        Dalam USD
                                                                                                                                                                                            In USD


      03                                                                                                                                                                Realisasi Terhadap
                                                                                  Keterangan                                                                                   Target
                                                                                                                    Achievement                  Target
                                                                                  Description                                                                           Realization to Target
                                                                                                                                                                                 (%)
         04
                                                                          Jumlah Aset
                                                                                                                           812.980.121                  442.759.149                       184%
                                                                          Total Assets

        05                                                                Liabilitas dan Ekuitas
                                                                          Liability & Equity

                                                                          Liabilitas Jangka Pendek
                                                                                                                            305.224.989                  265.704.561                        115%
       06                                                                 Current Liability

                                                                          Liabilitas Jangka Panjang
                                                                                                                            393.188.072                  409.352.601                        96%
                                                                          Non-Current Liability

                                                                          Jumlah Liabilitas
                                                                                                                            698.413.061                   675.057.162                      103%
                                                                          Total Liability

                                                                          Jumlah Ekuitas
                                                                                                                            114.567.060                 (232.298.013)                        N/A
                                                                          Total Equity
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Jumlah Liabilitas dan Ekuitas
                                                                                                                             812.980.121                 442.759.149                       184%
                                                                          Total Liability & Equity




                                                                                                           Pencapaian Key Performance Indicators (KPI) Tahun 2025
                                                                                                              2025 Key Performance Indicators (KPI) Achievement

                                                                                                KPI                                  Target                             Realization
                                                                          Nilai Ekonomi dan Sosial untuk Indonesia
                                                                          Economic and Social Values for Indonesia

                                                                          Revenue (USD Million)                                                   452,69                                  491.88

                                                                          EBITDA (USD Million)                                                     70,91                                   79.90

                                                                          Cash Balance (USD Million)                                               12,92                                   40.96

                                                                          Customer Service Level Agreement Fulfillment                             100%                                  100.12%

                                                                          Customer Satisfaction Index                                                    4                                       4

                                                                          Compliance Index                                                       100.00%                                104.89%

                                                                          Inovasi Model Bisnis
                                                                          Business Model Innovation

                                                                          Continuous Improvement                                                        63                                      106

                                                                          Risk Maturity Index                                                           2.6                                     2.9

                                                                          Excess Inventory                                                        5.00%                                    1.98%

                                                                          Kepemimpinan Teknologi
                                                                          Technological Leadership

                                                                          Information Capital Readiness                                          95.00%                                  98.31%

                                                                          Peningkatan Investasi
                                                                          Higher Investment

                                                                          Equity Improvement Implementation                                               1                                       1

                                                                          Pengembangan Talenta
                                                                          Talent Development

                                                                          Human Capital Readiness                                                95.00%                                  96.99%

                                                                          Organization Capital Readiness                                         95.00%                                  95.09%




154
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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
Secara umum, kinerja operasi dan bisnis mayoritas sudah     Overall, the operational and business performance of
sesuai dengan target. Perseroan berhasil membukukan         the majority of activities was in line with targets. The
pendapatan senilai USD491.88 juta, didukung oleh            Company successfully recorded revenue of USD491.88
peningkatan kinerja operasional dan upaya efisiensi         million, supported by operational improvement and
yang telah dilakukan di tahun 2025.                         efficiency initiatives throughout 2025.

Kinerja operasi dan bisnis yang positif mendukung           Positive operational and business performance
pencapaian kinerja pemasaran karena secara rata-rata        contributed to the achievement of marketing
segmen GA dan NGA mengalami peningkatan kinerja.            performance, as on average, the performance of both
                                                            the GA and NGA segments grew higher.

Pada akhirnya, kinerja keuangan yang terdiri dari EBITDA    Ultimately, financial performance, comprising EBITDA
dan Cash Balance juga mengalami pertumbuhan yang            and Cash Balance, also recorded positive growth. The
positif. Perseroan berhasil membukukan EBITDA di atas       Company succeeded in recording EBITDA above the




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
target yaitu senilai USD75.58 juta.                         target, amounting to USD75.58 million.

Secara garis besar juga dapat dilihat bahwa kinerja         In general, it can also be observed that the achievement
pencapaian keuangan dibandingkan target mencapai            of financial performance compared to the target
lebih dari 100%.                                            exceeded 100%.

Pencapaian KPI juga menunjukkan hasil positif,              The achievement of KPIs also demonstrated positive
ditunjukan dengan seluruh KPI yang berhasil mencapai        results, as all KPIs successfully achieved the 100%
target 100%.                                                target.

PROSPEK USAHA DAN TARGET TAHUN                              BUSINESS PROSPECT AND TARGET
2026                                                        FOR 2026

Pemerintah Indonesia telah mengeluarkan Kerangka            The Indonesian Government has issued the 2026
Ekonomi Makro dan Pokok-Pokok Kebijakan Fiskal (KEM-        Macroeconomic Framework and Fiscal Policy Principles
PPKF) 2026. Menurut dokumen tersebut, pertumbuhan           (KEM-PPKF). According to the document, national
ekonomi nasional tahun 2026 ditetapkan antara 5.2%-         economic growth in 2026 is projected at 5.2%-5.8%,
5.8% dengan tingkat inflasi 1.5%-3.5% dan nilai tukar       with an inflation rate of 1.5%-3.5% and an exchange
Rp16,500-Rp16,900/USD.                                      rate of Rp16,500-Rp16,900 per USD.

Rencana Pemerintah Indonesian terkait transportasi          The Indonesian Government’s plans for public
umum terus dikembangkan secara konsisten setiap             transportation continue to be consistently developed
tahunnya untuk mendukung konektivitas tidak hanya           each year to support connectivity, not only the
konektivitas orang, tapi juga konektivitas daerah           movement of people, but also the connectivity between
penghasil pangan dengan wilayah distribusinya.              food-producing regions and their distribution areas.

Dari sisi global, ke depannya, di tengah tantangan rantai   From a global perspective, despite challenges in supply
pasok dan tenaga kerja, pasar MRO global akan tumbuh        chains and labor, the global MRO market is expected
rata-rata 2.8% per tahun hingga mencapai USD157 miliar      to grow at an average rate of 2.8% per year, reaching
pada 2035.                                                  USD157 billion by 2035.

Sebagai upaya untuk memanfaatkan peluang usaha pada         To capitalize on business opportunities in 2026, the
tahun 2026, Perseroan akan berfokus memperkuat dan          Company will focus on strengthening and maximizing the
memaksimalkan pengembangan dari tahun 2025 dengan           developments in 2025 under the theme “Transforming
mengusung tema “Transforming for the Future” dengan         for the Future” by utilizing the following main strategies:
strategi-strategi utama sebagai berikut:
• Sustainable Operational Transformation                    •   Sustainable Operational Transformation
• Workforce Empowerment                                     •   Workforce Empowerment
• Financial Reinforcement                                   •   Financial Reinforcement
• Technology Advancement                                    •   Technology Advancement
• Profitable Business Growth                                •   Profitable Business Growth




                                                                                                                          155
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           01

                                                                          Strategi-strategi utama yang ditetapkan akan dijalankan    These key strategies will be implemented to achieve
        02                                                                untuk mendukung pencapaian proyeksi kinerja yang           the projections outlined in the 2026 RKAP, based on the
                                                                          tertuang dalam penetapan RKAP pada tahun 2026              2026 RKAP Document. The following is an overview of
                                                                          yang disusun berdasarkan Dokumen RKAP 2026. Berikut        the Company’s 2026 projections:
      03                                                                  merupakan gambaran secara garis besar mengenai
                                                                          proyeksi 2026 yang telah dipersiapkan oleh Perseroan:


         04                                                                                                                 Proyeksi 2026
                                                                                                                          Projection for 2026
                                                                                                Uraian                                           Target Nominal (USD)
        05                                                                                    Description                                        Nominal Target (USD)
                                                                           Pendapatan
                                                                                                                                                                                542,788,958
                                                                           Revenues
       06
                                                                           Laba Usaha
                                                                                                                                                                                 60,894,682
                                                                           Operating Income

                                                                           Laba Bersih
                                                                                                                                                                                 35,093,490
                                                                           Net Profit

                                                                           Aset
                                                                                                                                                                                853,950,064
                                                                           Assets
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                           Liabilitas
                                                                                                                                                                                671,050,209
                                                                           Liabilities

                                                                           Ekuitas
                                                                                                                                                                                182,899,855
                                                                           Equity

                                                                           Dividen
                                                                                                                                                                                      1,629
                                                                           Dividend




156
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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
      Informasi dan Fakta Material Setelah Pelaporan
                                            Akuntan
           Information and Material Facts Subsequent to the Accountant’s Report



Setelah Rapat Umum Pemegang Saham Luar Biasa            Following the Extraordinary General Meeting of
yang diselenggarakan pada tanggal 24 Oktober            Shareholders held on October 24, 2025, the shareholders
2025, para pemegang saham menyetujui penerbitan         approved the issuance of 124,269,948,745 Series B
124.269.948.745 lembar saham Seri B melalui mekanisme   shares through a Rights Issue (PMHMETD) mechanism.
PMHMETD. Adapun PMHMETD tersebut telah menerima         The Rights Issue received an effective statement from




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
pernyataan efektif dari OJK pada tanggal 11 Desember    the Financial Services Authority (OJK) on December
2025.                                                   11, 2025.

Sesuai dengan Akta Notaris No. 146 oleh Notaris Asep    Pursuant to Notarial Deed No. 146 by Notary Asep
Heryanto, S.H., M.Kn., tertanggal 29 Desember 2025,     Heryanto, S.H., M.Kn., dated December 29, 2025,
PT Angkasa Pura Indonesia mengakuisisi 82.100.173.900   PT Angkasa Pura Indonesia acquired 82,100,173,900
saham seri B dengan melaksanakan transaksi penyetoran   Series B shares through a non-cash capital contribution
asset non-tunai yaitu memindahkan kepemilikan lahan     transaction in the form of a transfer of land ownership
kepada Perseroan.                                       to the Company.

Pada laporan keuangan per 31 Desember 2025, transaksi   In the financial statements as of December 31, 2025,
ini dicatatkan pada “Uang muka atas modal saham”        this transaction was recorded under “Advances for Share
sebagai bagian ekuitas laporan keuangan.                Capital” as part of equity.

Perubahan Anggaran Dasar mengenai peningkatan           The amendment to the Articles of Association regarding
modal yang ditempatkan dan disetor penuh, setelah       the increase in issued and fully paid-up capital, following
pelaksanaan PMHMETD sejumlah 90.050.687.400             the Rights Issue of 90,050,687,400 shares, was stated
lembar saham, telah dimuat dalam Akta Notaris No.       in Notarial Deed No. 3 by Notary Shanti Indah Lestari,
3 oleh Notaris Shanti Indah Lestari, S.H., M.Kn pada    S.H., M.Kn., dated January 27, 2026. The notification
tanggal 27 Januari 2026. Pemberitahuan perubahan        of this amendment has been officially received and
ini telah resmi diterima dan dicatat oleh Menteri       recorded by the Minister of Law of the Republic of
Hukum Republik Indonesia, sesuai dengan Penerimaan      Indonesia, as evidenced by Receipt of Notification No.
Pemberitahuan No. AHU-AH.01.03-0027489, tertanggal      AHU-AH.01.03-0027489 dated January 29, 2026.
29 Januari 2026.




                                                                                                                      157
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           01

                                                                          Informasi Dampak Nilai Tukar Mata Uang Asing
        02
                                                                          Information on the Impact of Foreign Currency Exchange Rate

      03


         04
                                                                          Perseroan menerapkan kebijakan lindung nilai untuk          The Company implements a hedging policy to manage
                                                                          mengelola risiko fluktuasi nilai tukar mata uang non-       the risk of exchange rate fluctuations between non-
        05                                                                fungsional terhadap mata uang fungsional. Risiko ini        functional currencies and the functional currency. This
                                                                          terutama timbul dari transaksi komersial di masa depan      risk primarily arises from future commercial transactions
                                                                          serta aset dan liabilitas yang diakui dalam valuta asing,   as well as recognized assets and liabilities in foreign
       06                                                                 khususnya terhadap Rupiah.                                  currencies, particularly against the Rupiah.

                                                                          Sebagai langkah mitigasi, Perseroan menjalankan             As a mitigation measure, the Company performs a
                                                                          strategi lindung nilai dengan menggunakan instrumen         hedging strategy using financial instruments in the form
                                                                          keuangan berupa option. Kebijakan ini menetapkan            of options. This policy stipulates that the Company will
                                                                          bahwa Perseroan akan melakukan lindung nilai minimal        hedge at least 25% of the difference between liabilities
                                                                          25% dari selisih antara kewajiban dan aset dalam valuta     and assets in foreign currencies. By implementing this
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          asing. Dengan penerapan strategi ini, Perseroan dapat       strategy, the Company can minimize the impact of
                                                                          meminimalkan dampak volatilitas nilai tukar terhadap        exchange rate volatility on financial and operational
                                                                          stabilitas keuangan dan operasional, sehingga               stability, thereby supporting long-term business
                                                                          mendukung keberlanjutan bisnis dalam jangka panjang.        sustainability.




                                                                          Kebijakan Dividen dan Pembagiannya
                                                                          Dividend Policy and Disbursement




                                                                          KEBIJAKAN DIVIDEN                                           DIVIDEND POLICY

                                                                          Perseroan menentukan rasio pembayaran maksimum              The Company determines the payment ratio to be at
                                                                          sebesar 30% dari laba tahun berjalan dengan                 the maximum of 30% from the profit of the year with
                                                                          memperhitungkan laba bersih, ketersediaan dana              consideration on net profit, general reserves, capital
                                                                          cadangan, persyaratan belanja modal, hasil usaha, dan       expenditure requirements, operating results, and cash.
                                                                          kas. Tentunya besaran dividen yang ditentukan harus         The amount of distributed dividend should consider
                                                                          tetap memperhatikan tingkat kesehatan Perseroan dan         the Company’s soundness level and does not diminish
                                                                          tidak mengurangi hak dari Rapat Umum Pemegang               the authorities of the General Meeting of Shareholders
                                                                          Saham (RUPS) untuk menentukan lain sesuai dengan            (GMS) to determine otherwise according to the Articles
                                                                          Anggaran Dasar.                                             of Association.

                                                                          PEMBAGIAN DIVIDEN                                           DIVIDEND DISBURSEMENT

                                                                          Berdasarkan RUPS Tahunan yang diselenggarakan               Based on the Annual GMS organized on June 5, 2025,
                                                                          pada 5 Juni 2025, RUPS menyetujui untuk menetapkan          the GMS has agreed to use the Company’s Net Profit
                                                                          Laba Bersih Perseroan yang diperoleh berdasarkan            based on the Financial Statements for 2024 Financial
                                                                          Laporan Keuangan Tahunan Tahun Buku 2024 sebagai            Year as Retained Earning to reduce the accumulated
                                                                          Laba Ditahan atau Retained Earning untuk mengurangi         loss of the company.
                                                                          akumulasi kerugian Perseroan.

                                                                          Kronologis pembagian dan pembayaran dividen tahun           The chronology of dividend payment and distribution
                                                                          dari tahun 2023 ke 2025 adalah sebagai berikut:             from 2023 until 2025 is as follows:




158
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                                                                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                      Dividen                                             Rasio
                                                                                                     Kas yang                   Dividen                Pembagian
    Tahun                   Tahun                 Tanggal
                                                              Tanggal                               Dibagikan                (USD/lembar                 Dividen
  Pembagian                Dividen             Pengumuman
                                                            Pembayaran                                  Cash                    saham)                  Dividend
  Distribution             Dividend            Announcement
                                                            Payment Date                             Dividend                   Dividend               Distribution
     Year                    Year                  Date
                                                                                                    Distributed               (USD/share)                 Ratio
                                                                                                       (USD)                                               (%)
 2025*                 -                       -                        -                       -                        -                         -

 2024*                 -                       -                        -                       -                        -                         -

 2023*                 -                       -                        -                       -                        -                         -
Keterangan | Notes:
*Berdasarkan RUPS Tahunan yang diselenggarakan, tidak terdapat keputusan mengenai pembagian dividen untuk tahun buku terkait. | Based on the Annual GMS organized, there
was no decision concerning dividend distribution for the financial year.




                                                                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                Kontribusi Kepada Negara
                                                                                                                    Contribution to the State



GMF berkontribusi kepada negara melalui pembayaran                                     GMF contributes to the country through tax and customs
pajak dan bea cukai. Kontribusi ini mencakup pajak                                     payments. This contribution includes corporate income
penghasilan badan, pajak pemotongan (withholding tax),                                 tax, withholding tax, value-added tax (VAT), and various
pajak pertambahan nilai (PPN), serta berbagai pajak lain                               other taxes related to the Company's operational
yang berkaitan dengan aktivitas operasional Perseroan.                                 activities. In 2025, GMF's total tax and customs
Pada tahun 2025, total kontribusi pajak dan bea cukai                                  contribution was amounted to Rp316,454,037,114.
GMF tercatat sebesar Rp316,454,037,114.

GMF melakukan pengelolaan dan pelaporan pajak secara                                   GMF manages and reports its tax obligations accurately
akurat melalui pengawasan internal untuk meminimalkan                                  with the support of internal controls to minimize the risk
risiko ketidakpatuhan serta memastikan untuk memenuhi                                  of non-compliance and to ensure that all tax obligations
seluruh kewajiban perpajakan secara tepat waktu dan                                    are fulfilled timely and in accordance with applicable
sesuai dengan regulasi yang berlaku                                                    regulations.




 Program Kepemilikan Saham Oleh Karyawan dan/
                  atau Manajemen (ESOP/MSOP)
  Share Ownership Program for Employees and/or Management (ESOP/MSOP)



Selama tahun 2025, GMF tidak memiliki program                                          Throughout 2025, GMF did not have a stock option
pemberian opsi saham kepada Direksi, Dewan Komisaris,                                  program for the Board of Directors, Board of
maupun karyawan.                                                                       Commissioners, or employees.




                                                                                                                                                                           159
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           01

                                                                          Realisasi Penggunaan Dana Hasil Penawaran
        02
                                                                          Umum
      03                                                                  Realization of Proceeds from Public Offering


         04

                                                                          Pada tahun 2025, GMF melakukan penawaran umum           In 2025, GMF conducted a public offering through
        05                                                                dalam bentuk penerbitan saham baru. Dana yang           the issuance of new shares. The proceeds from the
                                                                          diperoleh dari hasil PMHMETD di tahun 2025 telah        PMHMETD in 2025, amounting to Rp11,004,206,296,
                                                                          digunakan Perseroan sebesar Rp11,004,206,296 untuk      were utilized by the Company for the payment of
       06                                                                 pembayaran biaya administrasi kepengurusan HMETD        administrative costs related to the HMETD and for
                                                                          dan modal kerja.                                        working capital.

                                                                          Sehingga sampai dengan akhir tahun 2025, atas dana      Accordingly, as of the end of 2025, there was no
                                                                          HMETD tidak terdapat sisa saldo.                        remaining balance from the HMETD proceeds.
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Realisasi Penggunaan Dana Hasil Penawaran
                                                                          Umum Obligasi
                                                                          Realization of Proceeds from Bond Offering



                                                                          Hingga tanggal 31 Desember 2025, GMF tidak              As of December 31, 2025, GMF has never issued bonds/
                                                                          menerbitkan obligasi/sukuk/obligasi konversi di bursa   sharia bonds/convertible bonds on any stock exchange.
                                                                          efek mana pun.




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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
   Informasi Material Mengenai Investasi, Ekspansi,
     Divestasi, Penggabungan Usaha, Akuisisi, dan/
                  atau Restrukturisasi Utang/Modal
  Material Information Regarding Investment, Expansion, Divestment, Business
                   Combination, Acquisition, and/or Debt/Capital Restructuring

Pada tahun 2025, Perseroan telah melakukan                In 2025, the Company restructured its capital as
restrukturisasi modal. Hal tersebut telah diungkapkan     disclosed in the 2025 Consolidated Financial Statements
dalam Laporan Keuangan Konsolidasian Tahun Buku           under Notes to the Financial Statements (“CALK”) No.
2025 Perseroan pada Catatan Atas Laporan Keuangan         37 regarding events after reporting period.




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
(“CALK”) No. 37 terkait peristiwa setelah periode
pelaporan.

Selain itu terdapat beberapa aksi korporasi yang          In addition, the Company carried out several corporate
dijalankan oleh Perseroan, antara lain sebagai berikut:   actions, as outlined below:
1. Pelaksanaan PMHMETD
    Dalam rangka pelaksanaan PMHMETD, Perseroan           1. Implementation of PMHMETD (Rights Issue)
    telah memperoleh persetujuan pemegang saham              In relation to the PMHMETD, the Company obtained
    Perseroan atas rencana PMHMETD pada tanggal              shareholder approval for the plan on October 28,
    28 Oktober 2024 sebagaimana ternyata dalam               2024, as stated in the Deed of Meeting Resolution
    Akta Pernyataan Keputusan Rapat PT Garuda                of PT Garuda Maintenance Facility Aero Asia Tbk No.
    Maintenance Facility Aero Asia Tbk atau disingkat        4 dated October 28, 2024, drawn up before Shanti
    PT GMF Aero Asia Tbk No. 4 tanggal 28 Oktober            Indah Lestari, S.H., M.Kn., Notary in Tangerang
    2024 yang dibuat di hadapan Shanti Indah Lestari,        Regency (“Deed No. 7/2025”), and announced on
    S.H., M.Kn., Notaris di Kabupaten Tangerang (“Akta       the IDX website and the Company’s website on the
    No. 7/2025”), dan diumumkan di website BEI dan           same date, in accordance with POJK No. 15/2020
    website Perseroan pada tanggal 28 Oktober 2024,          and the Company’s Articles of Association.
    sesuai dengan POJK No. 15/2020 dan ketentuan
    anggaran dasar Perseroan.

   Sehubungan dengan PMHMETD, Perseroan                      In this PMHMETD, the Company offered a maximum
   menawarkan sebanyak-banyaknya 10.205.662.889              of 10,205,662,889 (ten billion two hundred five
   (sepuluh miliar dua ratus lima juta enam ratus enam       million six hundred sixty-two thousand eight hundred
   puluh dua ribu delapan ratus delapah puluh sembilan)      eighty-nine) new Series B shares with a nominal value
   Saham Baru seri B dengan nilai nominal Rp25 (dua          of Rp25 (twenty-five Rupiah) per share. Every holder
   puluh lima Rupiah) setiap saham. Setiap pemegang          of 1,000,000,000 (one billion) existing registered
   1.000.000.000 (satu miliar) saham lama atas nama          shares listed in the Company’s Shareholder Register
   yang namanya tercatat dalam DPS Perseroan tanggal         (DPS) as of December 24, 2024, at 16:15 WIB, was
   24 Desember 2024 pada pukul 16.15 WIB berhak atas         entitled to 361,473,382 (three hundred sixty-one
   361.473.382 (tiga ratus enam puluh satu juta empat        million four hundred seventy-three thousand three
   ratus tujuh puluh tiga ribu tiga ratus delapan puluh      hundred eighty-two) HMETD rights, where 1 (one)
   dua) HMETD dimana 1 (satu) HMETD berhak untuk             HMETD entitled the holder to purchase 1 (one) new
   membeli 1 (satu) Saham Baru seri B dengan Harga           Series B share at an exercise price of IDR46 (forty-six
   Pelaksanaan sebesar Rp46 (empat puluh enam                Rupiah) per share, payable in full upon subscription.
   Rupiah) per saham yang harus dibayar penuh pada           Accordingly, the maximum total proceeds that
   saat mengajukan pemesanan pembelian Saham Baru            could be raised from this PMHMETD II amounted to
   seri B. Dengan demikian, jumlah dana yang diterima        Rp469,460,492,903 (four hundred sixty-nine billion
   Perseroan dari PMHMETD II ini adalah sebanyak-            four hundred sixty million four hundred ninety-two
   banyaknya Rp469.460.492.903 (empat ratus enam             thousand nine hundred three Rupiah).
   puluh sembilan miliar empat ratus enam puluh juta
   empat ratus sembilan puluh dua ribu sembilan ratus
   tiga Rupiah).




                                                                                                                       161
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           01

                                                                             PT Garuda Indonesia (Persero) Tbk (“GIAA”) adalah           PT Garuda Indonesia (Persero) Tbk (“GIAA”) is the
        02                                                                   Pemegang Saham Utama Perseroan. Hingga tanggal              Company’s controlling shareholder. As of December
                                                                             31 Desember 2024, GIAA memiliki 25.156.058.796              31, 2024, GIAA owned 25,156,058,796 (twenty-
                                                                             (dua puluh lima miliar seratus lima puluh enam              five billion one hundred fifty-six million fifty-eight
      03                                                                     juta lima puluh delapan ribu tujuh ratus sembilan           thousand seven hundred ninety-six) Series A shares,
                                                                             puluh enam) saham Seri A Perseroan atau 89,10%              representing 89.10% of the Company’s total shares.
                                                                             (delapan puluh sembilan koma satu nol persen). GIAA         GIAA exercised all of its rights in proportion to its
                                                                             melaksanakan seluruh haknya sesuai dengan porsi             ownership by subscribing to 9,093,245,600 (nine
         04
                                                                             kepemilikan sahamnya dalam Perseroan sebanyak               billion ninety-three million two hundred forty-five
                                                                             9.093.245.600 (sembilan miliar sembilan puluh tiga          thousand six hundred) new Series B shares through
                                                                             juta dua ratus empat puluh lima ribu enam ratus)            a non-cash capital injection (“inbreng”) in the form of
        05                                                                   Saham Baru seri B dengan cara penyetoran dalam              assets, including (i) Hangar I and Annex I, (ii) Hangar
                                                                             bentuk lain selain uang (“Inbreng”) aset GIAA berupa        II and Annex II, (iii) Hangar III and Annex III, and (iv)
                                                                             (i) bangunan hanggar I dan annex I, (ii) bangunan           supporting facilities such as auxiliary buildings,
       06                                                                    hanggar II dan annex II, (iii) bangunan hanggar III         driveways, fences, and building equipment, with
                                                                             dan annex III, serta (iv) fasilitas pendukung berupa        a total value of Rp418,289,300,000 (four hundred
                                                                             bangunan-bangunan penunjang lainnya, sarang                 eighteen billion two hundred eighty-nine million three
                                                                             pelengkap seperti perkerasan driveaway, pagar               hundred thousand Rupiah).
                                                                             dan mesin pelengkap bangunan kepada Perseroan
                                                                             dengan nilai sebesar Rp418.289.300.000 (empat
                                                                             ratus delapan belas miliar dua ratus delapan
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                             puluh sembilan juta tiga ratus ribu Rupiah).

                                                                             Pada 15 Januari 2025 Perseroan telah menyelesaikan          On January 15, 2025, the Company has exercised
                                                                             pelaksanaan atas seluruh HMETD yang diperoleh               all HMETD obtained in the Capital Increase through
                                                                             dalam Penambahan Modal Dengan Memberikan                    HMETD of PT Garuda Maintenance Facility Aero Asia
                                                                             HMETD PT Garuda Maintenance Facility Aero Asia              and increased the share ownership portion of PT
                                                                             serta meningkatkan porsi kepemilikan saham dari             Garuda Indonesia (Persero) Tbk to 91.17% (ninety
                                                                             PT Garuda Indonesia (Persero) Tbk menjadi 91,17%            one point seventeen percent).
                                                                             (sembilan puluh satu koma tujuh belas persen)

                                                                          2. Penandatangan Perjanjian Kerja Sama Pembentukan          2. Signing of Cooperation Agreement for the
                                                                             KSO GMF-BIJB                                                Establishment of KSO GMF-BIJB
                                                                             Mengacu pada Rencana Kerja dan Anggaran                     Referring to the Company’s 2025 Work Plan and
                                                                             Perusahaan (RKAP) Perseroan tahun 2025, terdapat            Budget (RKAP), the Company planned product
                                                                             rencana diversifikasi produk guna memperluas bisnis,        diversification to expand its business, particularly
                                                                             khususnya inisiatif strategis Profitability & Business      under the strategic initiative of Profitability &
                                                                             Growth yang salah satunya dilakukan dengan                  Business Growth, including forming strategic
                                                                             cara membentuk strategic partnership dengan                 partnerships with other companies. As part of the
                                                                             perusahaan lain. Sebagai bentuk implementasi RKAP           RKAP implementation and to expand GMF’s business
                                                                             Perseroan tahun 2025 dan memperluas portofolio              portfolio in the aviation sector as a key player in
                                                                             usaha GMF di sektor penerbangan dengan menjadi              the national aerospace ecosystem, the Company
                                                                             pemain utama dalam ekosistem kerdirgantaraan                established a Joint Operation (Kerja Sama Operasi/
                                                                             nasional, maka Perseroan membentuk Kerja                    KSO) with PT Bandarudara Internasional Jawa Barat
                                                                             Sama Operasi (“KSO”) dengan PT Bandarudara                  (“BIJB”) for the development of an Aerospace Park.
                                                                             Internasional Jawa Barat (“BIJB”) untuk pembentukan
                                                                             dan pengembangan kawasan Aerospace Park.




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                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
Sehubungan dengan realisasi proyek Aerospace          In relation to this project, the Ministry of National
Park, Kementerian Perancanaan Pembangunan             Development Planning/National Development
Nasional/Badan Perencanaan Pembangunan                Planning Agency (Kementerian PPN/Bappenas),
Nasional (“Kementerian PPN/Bappenas”), Perseroan,     the Company, and BIJB signed a Memorandum
dan BIJB menandatangani Nota Kesepahaman              of Understanding on April 4, 2025, regarding
Kolaborasi Penguatan Industri Kedirgantaraan          collaboration to strengthen the aerospace industry
melalui Pengembangan Model Pembangunan dan            through the development and management of a
Pengelolaan Sustainable Aerospace Park Kertajati      Sustainable Aerospace Park model in Kertajati. This
pada tanggal 4 April 2025 sebagai langkah awal        MoU serves as the initial framework and guideline
dan pedoman para pihak dalam membentuk dan            for the parties in developing the Aerospace Park at
mengembangkan kerja sama pengembangan                 West Java International Airport.
Aerospace Park di Bandar Udara Internasional Jawa
Barat Kertajati.




                                                                                                              Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Selanjutnya pada keberjalanan proses pembentukan      Furthermore, in the process of establishing KSO
KSO antara Perseroan dan BIJB, sebagai bentuk         between the Company and BIJB, as a form of the
kepatuhan Perseroan terhadap peraturan internal       Company's compliance with internal regulations,
yaitu anggaran dasar Perseroan agar sesuai dengan     namely the Company's articles of association, in
prinsip tata kelola perusahaan yang baik, Perseroan   order to comply with the principles of good corporate
telah memperoleh persetujuan melalui Dewan            governance, the Company has obtained approval
Komisaris guna membentuk KSO dengan BIJB dalam        through the Board of Commissioners to establish
rangka proyek Aerospace Park.                         a Joint Operational Agreement with BIJB for the
                                                      Aerospace Park project.

Bahwa Perseroan dan BIJB menandatangani               Subsequently, the Company and BIJB signed the
Perjanjian KSO GMF – BIJB pada tanggal 14             KSO GMF – BIJB Agreement on November 14,
November 2025 yang bertujuan untuk membangun          2025, aimed at developing the Aerospace Park
dan mengembangkan proyek kawasan Aerospace            project as the foundation of the joint operation. The
Park sebagai titik awal beridirinya KSO GMF – BIJB.   Company’s contributions include preparing business
Adapun kontribusi Perseroan adalah penyusunan         studies, detailed engineering designs, development
kajian bisnis, Detailed Engineering dalam menyusun    strategies for the Aerospace Park, and exploring
strategi pengembangan Kawasan Aerospace Park,         initial operational funding options;
dan opsi pendanaan operasional awal KSO;

Bahwa KSO GMF – BIJB telah melakukan                  Furthermore, the KSO GMF – BIJB conducted a
groundbreaking di Bandar Udara Internasional          groundbreaking ceremony at Kertajati International
Jawa Barat Kertajati pada tanggal 8 Desember 2025     Airport on December 8, 2025, marking the
sebagai tanda awal mulai beroperasinya kawasan        commencement of the Aerospace Park development
Aerospace Park Kertajati sebagai pusat industri       as Indonesia’s first aerospace industry hub.
kedirgantaraan pertama di Indonesia.




                                                                                                              163
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           01

                                                                          Informasi Transaksi Material yang Mengandung
        02
                                                                          Benturan Kepentingan dan/atau Transaksi Dengan
      03                                                                  Pihak Afiliasi/Pihak Berelasi
                                                                          Information on Material Transactions Containing Conflicts of Interest and/or
         04                                                               Transactions with Affiliated/Related Parties

                                                                          Perseroan memiliki transaksi dengan pihak-pihak berelasi     The Company is transacting with related parties of
        05                                                                yang merupakan individu atau entitas berelasi dengan         individuals or entities related to GMF. This transaction
                                                                          GMF. Transaksi ini membuat Perseroan mengaplikasikan         made the Company applied PSAK No. 7 regarding
                                                                          pernyataan standar Akuntansi Keuangan (PSAK) 7               “Disclosure of Related Parties” within the Financial
       06                                                                 “Pengungkapan Pihak-Pihak Berelasi” dalam Laporan            Statements in 2025 which has been audited by the
                                                                          Keuangan tahun 2025 yang telah diaudit oleh oleh             Public Accounting Firm Purwanto Susanti & Surja All
                                                                          Kantor Akuntan Publik Purwanto Susanti & Surja               transactions with related parties were performed based
                                                                          Semua transaksi dengan pihak yang berelasi, dilakukan        on the requirements, price level, and normal condition
                                                                          dengan persyaratan, tingkat harga, dan kondisi normal        the same with third parties and have been disclosed
                                                                          sebagaimana yang dilakukan dengan pihak ketiga dan           in the financial statements. There were no differences
                                                                          telah diungkapkan dalam laporan keuangan. Tidak ada          of price policy or transaction terms between related
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          perbedaan kebijakan harga dan syarat transaksi antara        and third parties. The review and compliance with rules
                                                                          pihak-pihak berelasi dan pihak ketiga. Mekanisme review      and provision were based on the Financial Accounting
                                                                          dan juga pemenuhan peraturan dan ketentuan terkait           Standard (SAK) in Indonesia on PSAK 7 concerning
                                                                          semuanya dilakukan berdasarkan Standar Akuntansi             “Disclosure of Related Parties”.
                                                                          Keuangan (SAK) di Indonesia pada PSAK 7 tentang
                                                                          “Pengungkapan Pihak-Pihak Berelasi”.

                                                                          Pihak-pihak berelasi di lingkup Perseroan adalah sebagai     Related parties within the Company’s coverage are as
                                                                          berikut:                                                     follows:
                                                                          • Garuda adalah entitas induk Perseroan.                     • Garuda is the Company’s parent entity.
                                                                          • Seluruh entitas yang dikendalikan oleh Garuda serta        • All entities controlled by Garuda or where Garuda has
                                                                             entitas dimana Garuda memiliki pengaruh signifikan.           significant influence are presented as related parties.
                                                                          • Pemerintah Republik Indonesia melalui Kementerian          • The Government of the Republic of Indonesia
                                                                             Keuangan adalah pemegang saham utama Perseroan.               represented by the Ministry of Finance is the majority
                                                                          •                                                                stockholder of Garuda.
                                                                          • Seluruh entitas yang dimiliki dan dikendalikan             • All entities that are owned and controlled by the
                                                                             oleh Kementerian Keuangan Pemerintah Republik                 Government of the Republic of Indonesia including
                                                                             Indonesia serta entitas dimana Kementerian                    entities where the Government of the Republic of
                                                                             Keuangan Pemerintah Republik Indonesia memiliki               Indonesia have significant influence are presented
                                                                             pengaruh signifikan.                                          as government - related entities.
                                                                          • Dewan Komisaris dan Direksi merupakan manajemen            • Commissioners and Directors are considered key
                                                                             kunci.                                                        management personnel.

                                                                          Transaksi yang dilakukan oleh Perseroan dengan pihak         Transactions conducted by the Company with related
                                                                          berelasi merupakan transaksi yang umum dilakukan oleh        parties are typically conducted for daily business
                                                                          Perseroan untuk keperluan operasional bisnis sehari-         operational purposes. These transactions are not
                                                                          hari. Transaksi-transaksi tersebut tidak termasuk dalam      considered as Transactions Containing Conflicts of
                                                                          Transaksi yang Mengandung Benturan kepentingan               Interest as referred to in Chapter III POJK No. 42/
                                                                          sebagaimana dimaksud dalam Bab III POJK No. 42/              POJK.04/2020 concerning Affiliate Transactions and
                                                                          POJK.04/2020 Tentang Transaksi Afiliasi dan Transaksi        Conflict of Interest Transactions.
                                                                          Benturan Kepentingan.


                                                                            Pihak yang Berelasi                 Sifat Hubungan                                  Sifat Transaksi
                                                                              Related Parties                 Nature of Relationship                          Nature of Transaction
                                                                                                                                               Piutang usaha, aset kontrak, utang usaha, akrual, liabilitas
                                                                                                    Entitas induk                              kontrak, beban usaha
                                                                           Garuda Indonesia
                                                                                                    Parent entity                              Accounts receivable, contract assets, accounts payable,
                                                                                                                                               accrual, contract liabilities, operating expenses




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                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
  Pihak yang Berelasi                     Sifat Hubungan                                        Sifat Transaksi
    Related Parties                     Nature of Relationship                                Nature of Transaction
                                                                                Piutang usaha, aset kontrak, utang usaha, liabilitas
                              Entitas yang dikendalikan oleh Garuda Indonesia   kontrak
Citilink
                              Entity under common control of Garuda Indonesia   Accounts receivable, contract assets, accounts payable,
                                                                                contract liabilities

                              Entitas yang dikendalikan oleh Garuda Indonesia   Utang usaha, akrual, beban usaha
PT Aero Systems Indonesia
                              Entity under common control of Garuda Indonesia   Accounts payable, accrual, operating expenses

PT Aerotrans Services         Entitas yang dikendalikan oleh Garuda Indonesia   Utang usaha, akrual, beban usaha
Indonesia                     Entity under common control of Garuda Indonesia   Accounts payable, accrual, operating expenses

                              Entitas dimana Garuda Indonesia memiliki          Aset kontrak, utang usaha, beban usaha
PT Gapura Angkasa
                              pengaruh yang signifikan                          Contract assets, accounts payable, operating expenses

                              Entitas yang dimiliki dan dikendalikan oleh
                                                                                Beban usaha, utang usaha, akrual, liabilitas sewa
                              Pemerintah Republik Indonesia
PT Angkasa Pura Indonesia                                                       Operating expenses, accounts payable, accrual, lease




                                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                              Entity owned and controlled by the Indonesian
                                                                                liabilities
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
PT Asuransi Jiwa Inhealth     Pemerintah Republik Indonesia                     Beban usaha
Indonesia                     Entity owned and controlled by the Indonesian     Operating expenses
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
                              Pemerintah Republik Indonesia                     Beban usaha
BPJS Kesehatan
                              Entity owned and controlled by the Indonesian     Operating expenses
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
                              Pemerintah Republik Indonesia                     Beban usaha
PT PLN (Persero)
                              Entity owned and controlled by the Indonesian     Operating expenses
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
PT Telekomunikasi Indonesia
                              Pemerintah Republik Indonesia                     Beban usaha
(Persero) Tbk
                              Entity owned and controlled by the Indonesian     Operating expenses
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
                              Pemerintah Republik Indonesia                     Penempatan kas dan setara kas serta pinjaman
Bank Negara Indonesia
                              Entity owned and controlled by the Indonesian     Placement of cash and cash equivalents and loans
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
                              Pemerintah Republik Indonesia                     Penempatan kas dan setara kas serta pinjaman
Bank Rakyat Indonesia
                              Entity owned and controlled by the Indonesian     Placement of cash and cash equivalents and loans
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
PT Bank Mandiri (Persero)     Pemerintah Republik Indonesia                     Penempatan kas dan setara kas
Tbk (“Mandiri”)               Entity owned and controlled by the Indonesian     Placement of cash and cash
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
                              Pemerintah Republik Indonesia                     Penempatan kas dan setara kas
PT Bank Syariah Indonesia
                              Entity owned and controlled by the Indonesian     Placement of cash and cash
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
PT Bank Tabungan Negara       Pemerintah Republik Indonesia                     Penempatan kas dan setara kas
(Persero) Tbk                 Entity owned and controlled by the Indonesian     Placement of cash and cash
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
PT Bank Pembangunan
                              Pemerintah Republik Indonesia                     Penempatan kas dan setara kas
Daerah Jawa Barat dan
                              Entity owned and controlled by the Indonesian     Placement of cash and cash
Banten Tbk
                              Government

                              Entitas yang dimiliki dan dikendalikan oleh
                              Pemerintah Republik Indonesia                     Beban usaha
PT Dirgantara Indonesia
                              Entity owned and controlled by the Indonesian     Operating expense
                              Government




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           01

                                                                          REALISASI SALDO DAN TRANSAKSI                                  REALIZATION OF BALANCES AND
        02                                                                PIHAK-PIHAK BERELASI                                           TRANSACTIONS OF RELATED PARTIES

                                                                                                                                                      Persentase dari jumlah aset (liabilitas)
      03                                                                                 Uraian                       2025             2024            Percentage of total assets (liabilities)
                                                                                       Description                    (USD)            (USD)                2025                     2024
                                                                                                                                                             (%)                      (%)
         04
                                                                           Saldo Pihak Berelasi Dalam Aset
                                                                           Related Party Balances in Assets

        05                                                                 Kas dan Setara Kas
                                                                                                                          37,571,031     9,873,217                  4.62%                     2.33%
                                                                           Cash and Cash Equivalents

                                                                           Kas Dibatasi Pengunaannya
                                                                                                                           1,801,936      902,880                   0.22%                     0.21%
                                                                           Restricted Cash
       06
                                                                           Piutang Usaha
                                                                                                                          67,553,841   60,468,808                    8.31%                   14.24%
                                                                           Accounts Receivable

                                                                           Aset Kontrak
                                                                                                                          51,539,643    27,455,934                  6.33%                     6.47%
                                                                           Contract Assets

                                                                           Saldo Pihak Berelasi Dalam Liabilitas
                                                                           Related Party Balances in Liabilities
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                           Utang Usaha
                                                                                                                          5,950,907      4,865,365                  0.85%                     0.71%
                                                                           Operating Debt

                                                                           Akrual
                                                                                                                           6,420,318     6,810,739                  0.92%                     1.00%
                                                                           Accruals

                                                                           Liabilitas Sewa
                                                                                                                          10,999,197    43,610,438                   1.58%                    6.39%
                                                                           Lease Liabilities

                                                                           Pinjaman Jangka Panjang
                                                                                                                      300,118,047      314,973,149                 42.97%                    46.15%
                                                                           Long-Term Loans

                                                                           Liabilitas Kontrak
                                                                                                                      113,407,082       61,599,326                 16.24%                     9.03%
                                                                           Contract Liabilities

                                                                           Saldo Pihak Berelasi dalam Beban Usaha
                                                                           Related Party Balances in Operating Expenses

                                                                           Beban Usaha
                                                                                                                          26,671,010    23,077,977                   6.18%                    6.09%
                                                                           Operating Expenses

                                                                           Saldo Pihak Berelasi Dalam Beban Keuangan
                                                                           Related Party Balances in Financial Expenses

                                                                           Beban Keuangan
                                                                                                                          11,810,944    10,744,373                 53.28%                    65.09%
                                                                           Operating Expenses




                                                                          PERNYATAAN DIREKSI DAN DEWAN                                   STATEMENT FROM THE BOARD OF
                                                                          KOMISARIS                                                      DIRECTORS AND THE BOARD OF
                                                                                                                                         COMMISSIONERS
                                                                          Direksi Perseroan, baik secara individu maupun kolektif,
                                                                          bertanggung jawab penuh atas kebenaran informasi               The Company’s Board of Directors, both individually and
                                                                          dan transparansi terkait seluruh transaksi afiliasi yang       collectively, bears full responsibility for the accuracy
                                                                          dilakukan sepanjang tahun 2025. Dalam menjalankan              of information and transparency related to all affiliated
                                                                          tanggung jawabnya, Dewan Komisaris bersama                     transactions carried out throughout 2025. In fulfilling this
                                                                          dengan Komite Audit juga telah melaksanakan fungsi             responsibility, the Board of Commissioners, together with
                                                                          pengawasan yang menyeluruh terhadap setiap transaksi           the Audit Committee, has also exercised comprehensive
                                                                          afiliasi yang terjadi selama tahun berjalan.                   oversight over every affiliated transaction conducted
                                                                                                                                         during the year.
                                                                          Direksi dan Dewan Komisaris telah melakukan analisis
                                                                          secara cermat dan memastikan bahwa seluruh transaksi           The Board of Directors and the Board of Commissioners
                                                                          afiliasi telah mengikuti prosedur yang memadai, sesuai         have conducted careful analyses and ensured that all
                                                                          dengan ketentuan peraturan perundang-undangan yang             affiliated transactions were carried out in accordance
                                                                          berlaku, serta selaras dengan praktik bisnis yang sehat.       with adequate procedures, complied with applicable


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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Direksi dan Dewan Komisaris juga memastikan bahwa         laws and regulations, and were aligned with sound
setiap transaksi merupakan transaksi afiliasi, namun      business practices. The Board of Directors and the
bukan merupakan transaksi benturan kepentingan            Board of Commissioners have also ensured that each
sebagaimana dimaksud dalam POJK 42/2020 tentang           transaction constituted an affiliated transaction but did
Transaksi Afiliasi dan Transaksi Benturan Kepentingan.    not involve any conflict of interest as referred to in POJK
Hal ini dapat dipastikan karena tidak terdapat            No. 42/2020 on Affiliated Transactions and Conflict of
perbedaan antara kepentingan ekonomis Perseroan           Interest Transactions. This assurance is based on the
dengan kepentingan ekonomis pribadi anggota Direksi,      absence of any differences between the Company’s
anggota Dewan Komisaris, dan pemegang saham utama         economic interests and the personal economic interests
Perseroan, yang dapat merugikan Perseroan.                of members of the Board of Directors, members of the
                                                          Board of Commissioners, and the Company’s controlling
                                                          shareholders that could be detrimental to the Company.




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
    Informasi Keuangan yang Mengandung Kejadian
         yang Bersifat Luar Biasa dan Jarang Terjadi
                  Financial Information that Contains Extraordinary and Rare Events



Pada tahun 2025, tidak terdapat informasi ataupun         In 2025, there were no financial information or
transaksi keuangan yang mengandung kejadian               transactions involving extraordinary and rare events,
yang bersifat luar biasa dan jarang terjadi selain dari   other than those disclosed in the audited and published
keseluruhan informasi yang telah disampaikan pada         Financial Statements.
Laporan Keuangan yang telah diaudit dan dipublikasikan.




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           01

                                                                          Perubahan Peraturan Perundang-Undangan yang
        02
                                                                          Berpengaruh Signifikan Terhadap Perseroan
      03                                                                  Changes in Law and Regulations that Had Significant Affect to the Company


         04
                                                                                      Nama Peraturan                     Isi Peraturan                      Dampak                        Penyesuaian
                                                                           No.
                                                                                        Regulation                          Content                          Impact                        Adjustment
        05                                                                                                       PP 28/2025 ini mengatur
                                                                                                                 mengenai Penyelenggaraan
                                                                                                                 Perizinan Berusaha Berbasis
                                                                                                                 Risiko (“PBBR”). Ruang lingkup
       06                                                                                                        penyelenggaraan PBBR meliputi:
                                                                                                                 persyaratan dasar; Perizinan
                                                                                                                 Berusaha (“PB”); Perizinan
                                                                                                                 Berusaha untuk Menunjang
                                                                                                                 Kegiatan Usaha (“PB UMKU”);
                                                                                                                 norma, standar, prosedur, dan
                                                                                                                 kriteria; layanan sistem One
                                                                                                                 Single Submission (“OSS”);          PP 28/2025 memberikan        Perseroan kini mengitegrasikan
                                                                                                                 pengawasan; evaluasi dan            dampak           kepada      segala aspek yang berkaitan
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                                                                 reformasi kebijakan; pendanaan;     Perseroan berupa             dengan perizinan berusaha
                                                                                                                 penyelesaian permasalahan dan       digitalisasi penuh           ke dalam OSS, namun tidak
                                                                                                                 hambatan; dan sanksi. PBBR          pengelolaan perizinan        terbatas pada seluruh legalitas
                                                                                                                 adalah perizinan berusaha yang      berusaha melalui PBBR        kegiatan usaha Perseroan
                                                                                                                 menggunakan pendekatan              dengan kepastian             berupa Nomor Induk Berusaha
                                                                                                                 berbasis risiko yang diperoleh      waktu mekanisme fiktif-      (NIB), PB, dan PB UMKU beserta
                                                                                                                 dari hasil analisis risiko setiap   positif. Selain perubahan    pelaporan, pengawasan, dan
                                                                                                                 kegiatan usaha, sedangkan PB        tersebut, PP 28/2025         evaluasi terhadap seluruh
                                                                                 Peraturan Pemerintah Republik   adalah legalitas yang diberikan     kini mengatur tentang        kegiatan usaha saat ini diproses
                                                                                 Indonesia Nomor 28 Tahun        kepada Pelaku Usaha untuk           resiko penganaan sanksi      secara elektronik. Perseroan
                                                                                 2025 tentang Penyelenggaraan    memulai dan menjalankan usaha       administratif berjenjang     memperkuat kepatuhan
                                                                                 Perizinan Berusaha Berbasis     dan/atau kegiatannya. Untuk         mulai dari peringatan        internal kepada instansi terkait
                                                                                 Risiko (“PP 28/2025”)           melakukan kegiatan usaha,           hingga pencabutan izin       guna menjaga kelangsungan
                                                                           1.    Government Regulation of        Pelaku Usaha wajib memiliki PB.     usaha.                       operasional.
                                                                                 the Republic of Indonesia       PP 28/2025 regulates the            PP 28/2025 impacts the       The Company has integrated
                                                                                 No. 28 of 2025 concerning       implementation of Risk-Based        Company through the full     all aspects related to business
                                                                                 the Implementation of Risk-     Business Licensing (“PBBR”). The    digitalization of business   licensing into the OSS system,
                                                                                 Based Business Licensing (“PP   scope of PBBR implementation        licensing management         including but not limited to all
                                                                                 28/2025”)                       includes: basic requirements;       via PBBR, with certainty     business legality such as the
                                                                                                                 Business Licensing (“PB”);          of timelines under           Business Identification Number
                                                                                                                 Business Licensing to Support       the fictitious-positive      (NIB), PB, and PB UMKU, along
                                                                                                                 Business Activities (“PB            mechanism. In addition,      with reporting, supervision,
                                                                                                                 UMKU”); norms, standards,           PP 28/2025 now               and evaluation of all business
                                                                                                                 procedures, and criteria; the       regulates the risk of        activities, which are now
                                                                                                                 One Single Submission (“OSS”)       tiered administrative        processed electronically. The
                                                                                                                 system services; supervision;       sanctions, ranging           Company also strengthens
                                                                                                                 policy evaluation and reform;       from warnings to the         internal compliance with
                                                                                                                 funding; resolution of issues       revocation of business       relevant authorities to ensure
                                                                                                                 and obstacles; and sanctions.       licenses.                    the continuity of its operations.
                                                                                                                 PBBR is a business licensing
                                                                                                                 approach that applies a risk-
                                                                                                                 based methodology derived
                                                                                                                 from the risk analysis of each
                                                                                                                 business activity, while PB
                                                                                                                 refers to the legality granted to
                                                                                                                 Business Actors to commence
                                                                                                                 and conduct their business
                                                                                                                 and/or activities. To carry out
                                                                                                                 business activities, Business
                                                                                                                 Actors are required to obtain PB.




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                                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
              Nama Peraturan                         Isi Peraturan                        Dampak                       Penyesuaian
 No.
                Regulation                              Content                            Impact                       Adjustment
                                             Peraturan BPS 7/2025 adalah
                                             peraturan Badan Pusat Statistik
                                             yang menetapkan Klasifikasi
                                                                                   Perseroan diwajibkan
                                             Baku Lapangan Usaha Indonesia
                                                                                   menyelaraskan kode
                                             (KBLI) terbaru sebagai standar
                                                                                   Klasifikasi Baku            Perseroan harus melakukan
                                             resmi klasifikasi kegiatan
                                                                                   Lapangan Usaha              sinkronisasi antara: (i) maksud
                                             ekonomi yang wajib digunakan
                                                                                   Indonesia (KBLI) dengan     dan tujuan serta kegiatan usaha
                                             oleh seluruh instansi pemerintah
                                                                                   KBLI 2025 berdasarkan       dalam anggaran dasar menurut
                                             dan pelaku usaha di Indonesia,
                                                                                   Peraturan BPS 7/2025        rezim perseroan terbatas, dan
                                             sehingga seluruh referensi
                                                                                   terbaru sehingga            (ii) kode KBLI yang tercatat
                                             terhadap jenis atau bidang
                                                                                   berdampak dalam             dalam sistem perizinan dan
                                             usaha dalam perizinan, statistik,
                                                                                   Anggaran Dasar, PB,         mencerminkan kegiatan usaha
                                             dan administrasi usaha harus
                                                                                   dan tata kelola Perseroan   aktual, karena perubahan
                                             mengacu pada kode dan uraian
        Peraturan Badan Pusat Statistik                                            harus selaras dengan        struktur dan ruang lingkup KBLI
                                             KBLI dalam lampiran peraturan ini




                                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
        Nomor 7 Tahun 2025 Klasifikasi                                             KBLI 2025 sebagai           dapat mengubah penafsiran
                                             sebagai bagian tidak terpisahkan
        Baku Lapangan Usaha Indonesia                                              standar resmi klasifikasi   jenis usaha yang dijalankan
                                             dari peraturan berdasarkan asas
        (“Peraturan BPS 7/2025”)                                                   kegiatan ekonomi.           Perseroan.
                                             bahwa lampiran merupakan
  2.    Regulation of Statistics Indonesia                                         The Company is required     The Company must also ensure
                                             bagian substantif pengaturan.
        No. 7 of 2025 concerning the                                               to align its Indonesian     synchronization between: (i)
                                             BPS Regulation 7/2025
        Indonesian Standard Industrial                                             Standard Industrial         the purposes, objectives, and
                                             establishes the latest Indonesian
        Classification (“BPS Regulation                                            Classification (KBLI)       business activities stated in its
                                             Standard Industrial Classification
        7/2025”)                                                                   codes with KBLI 2025        articles of association under the
                                             (KBLI) as the official standard for
                                                                                   under BPS Regulation        limited liability company regime,
                                             classifying economic activities,
                                                                                   7/2025. This requirement    and (ii) the KBLI codes recorded
                                             which must be applied by all
                                                                                   has implications for the    in the licensing system that
                                             government institutions and
                                                                                   Company’s Articles of       reflect the Company’s actual
                                             business actors in Indonesia.
                                                                                   Association, PB, and        business activities. This is
                                             Accordingly, all references to
                                                                                   corporate governance,       necessary because changes in
                                             business types or sectors in
                                                                                   all of which must be        the structure and scope of KBLI
                                             licensing, statistical reporting,
                                                                                   consistent with KBLI        may affect the interpretation of
                                             and business administration
                                                                                   2025 as the official        the Company’s line of business.
                                             must refer to the KBLI codes and
                                                                                   classification standard
                                             descriptions set out in the annex
                                                                                   for economic activities.
                                             to this regulation, which forms an
                                             integral and substantive part of
                                             the regulation.




   Perubahan Kebijakan Akuntansi dan Dampaknya
                             Terhadap Perseroan
                          Changes in Accounting Policies and Its Impact on the Company



Penerapan dari standar, interpretasi baru/revisi standar                   The implementation of the new/revised interpretations
berikut yang berlaku efektif mulai 1 Januari 2025, tidak                   of standards effective starting January 1, 2025, does not
menimbulkan perubahan substansial terhadap kebijakan                       cause substantial changes to the Company's accounting
akuntansi Perseroan dan pengaruh yang material atas                        policies and does not have a material impact on the
jumlah yang dilaporkan atas tahun berjalan atau tahun                      amounts reported for the current or previous year.
sebelumnya.

Informasinya telah disampaikan dalam Laporan                               The information has been disclosed in the Company’s
Keuangan tahun 2025 yang telah diaudit oleh oleh Kantor                    2025 Financial Statements, which have been audited
Akuntan Publik Purwanto Susanti dan Surja Catatan No.                      by Public Accounting Firm Purwanto Susanti dan Surja,
00282/2.1505/AU.1/10/1749-1/1/III/2026                                     Note No. 00282/2.1505/AU.1/10/1749-1/1/III/2026




                                                                                                                                                   169
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           01

                                                                          INFORMASI KELANGSUNGAN USAHA
        02
                                                                          Business Continuity Information

      03


         04
                                                                          Kinerja keuangan Perseroan secara keseluruhan              The Company’s overall financial performance improved
                                                                          meningkat dibandingkan tahun sebelumnya:                   compared to the previous year:
        05                                                                • Laba 2025: USD33.97 juta (2024: USD26.90 juta)           • Profit in 2025: USD33.97 million (2024: USD26.90
                                                                                                                                        million)
                                                                          •   Modal kerja 2025: negatif USD8.48 juta (2024:          • Working capital in 2025: USD8.48 million (2024:
       06                                                                     negatif USD31.40 juta)                                    negative USD31.40 million)
                                                                          •   Ekuitas 2025: USD114.56 juta (2024: negatif            • Equity in 2025: USD114.56 million (2024: negative
                                                                              USD31.40 juta)                                            USD31.40 million)

                                                                          Pencapaian target Perseroan sepanjang tahun 2025 juga      The achievement of the Company’s targets throughout
                                                                          memperlihatkan kinerja yang baik:                          2025 also reflected strong performance:
                                                                          • Pendapatan: USD491.88 juta (108.01% dari target)         • Revenue: USD491.88 million (108.01% of the target)
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          • Laba: USD32.14 juta (115% dari target)                   • Profit: USD32.14 million (115% of the target)

                                                                          Arus kas Perseroan tercatat positif karena aktivitas       The Company recorded positive cash flows as operating
                                                                          operasi berjalan lancar dan tidak terdapat saldo negatif   activities ran uninterrupted and there were no negative
                                                                          pada arus kas:                                             cash flow balances:
                                                                          • Arus kas aktivitas operasi: USD65.21 juta                • Cash flows from operating activities: USD65.21 million
                                                                          • Arus kas aktivitas investasi: negatif USD4.61 juta       • Cash flows from investing activities: USD4.61 million
                                                                          • Arus kas aktivitas pendanaan: negatif USD30.54 juta      • Cash flows from financing activities: USD30.54 million
                                                                          • Kas dan setara kas akhir tahun: USD40.95 juta            • Cash and cash equivalents at year-end: USD40.95
                                                                                                                                         million

                                                                          Perseroan juga mempertahankan tingkat pembayaran           The Company also maintained a sound debt repayment
                                                                          utang yang sehat dengan nilai rasio yang positif:          level, reflected in positive financial ratios:
                                                                          • Current Ratio: 97%                                       • Current Ratio: 97%
                                                                          • Debt to Equity Ratio (DER): 610%                         • Debt to Equity Ratio (DER): 610%
                                                                          • Debt to Assets Ratio (DAR): 86%                          • Debt to Assets Ratio (DAR): 86%

                                                                          Sepanjang tahun 2025, semua transaksi yang dilakukan       Throughout 2025, all transactions conducted by the
                                                                          oleh Perseroan baik kepada pihak ketiga maupun             Company, whether with third parties or related parties,
                                                                          pihak berelasi, tidak terdapat hal-hal yang berpotensi     did not give rise to any matters that could have a
                                                                          berpengaruh signifikan terhadap kelangsungan usaha         significant impact on the Company’s going concern up
                                                                          Perseroan sampai pada periode tahun buku 2025              to the end of the 2025 financial year. Accordingly, there
                                                                          berakhir. Dengan demikian, tidak terdapat dampak-          were no adverse impacts as follows:
                                                                          dampak sebagai berikut:
                                                                          • Tidak terdapat dampak terhadap kegiatan operasional;     •   No impact on operational activities;
                                                                          • Tidak terdapat dampak terhadap kondisi keuangan          •   No impact on financial condition and financial
                                                                             dan proyeksi keuangan;                                      projections;
                                                                          • Tidak terdapat dampak Hukum; dan                         •   No legal impact; and
                                                                          • Tidak terdapat dampak terhadap kelangsungan              •   No impact on the Company’s going concern.
                                                                             usaha Perseroan.

                                                                          Dengan demikian, dapat disimpulkan bahwa Perseroan         Therefore, it can be concluded that the Company
                                                                          memiliki kapasitas yang cukup untuk memastikan             has enough capacity to ensure long-term business
                                                                          kelangsungan usaha secara jangka panjang.                  continuity.




170
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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
Berdasarkan Rencana Jangka Panjang (RJP), GMF akan          Based on the Long-Term Plan (RJP), GMF will focus on
berfokus pada sejumlah inisiatif berikut:                   the following initiatives:
• Sustainable Operational Excellence                        • Sustainable Operational Excellence
• Workforce Empowerment                                     • Workforce Empowerment
• Financial Resilience                                      • Financial Resilience
• Next-Level Technology                                     • Next-Level Technology
• Profitable Business Growth                                • Profitable Business Growth




                                                  Tinjauan Teknologi Informasi




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                    Information Technology Review




Pengelolaan teknologi informasi (TI) GMF mengacu            GMF’s information technology (IT) management is
pada IT Master Plan 2022–2026 yang disusun selaras          guided by the 2022–2026 IT Master Plan, which is
dengan Rencana Jangka Panjang Perusahaan (RJPP)             aligned with the Company’s Long-Term Corporate
untuk mendukung pengembangan bisnis. IT Master              Plan (RJPP) to support business development. The IT
Plan tersebut menjadi panduan bagi dua fungsi utama         Master Plan provides a strategic framework for the two
di bawah Departemen Corporate Strategy & Digital            primary functions under the Corporate Strategy & Digital
Transformation, yaitu Innovation & Digital Transformation   Transformation Department, namely Innovation & Digital
serta ERP System & IT Service Delivery, dalam               Transformation and ERP System & IT Service Delivery,
memastikan pemanfaatan teknologi yang terintegrasi          in ensuring integrated and sustainable technology
dan berkelanjutan bagi operasional Perseroan.               utilization across the Company’s operations.

Pada tahun 2025, fokus pengembangan TI diarahkan            In 2025, GMF’s IT development focuses on strengthening
pada penguatan Digital Transformation, Enterprise           digital transformation, enterprise architecture, the
Architecture , penerapan Measured & Optimal                 implementation of Measured & Optimal DevOps, and
DevOps, serta implementasi peningkatan sistem SAP           the enhancement of SAP systems to improve business
guna meningkatkan efektivitas proses bisnis dan             process effectiveness and support the Company’s
mendukung kebutuhan operasional Perseroan yang              evolving operational needs.
terus berkembang.

Untuk mendukung transformasi tersebut, perusahaan           To support these initiatives, the Company continues
melaksanakan berbagai inisiatif strategis, termasuk         to implement several strategic programs, including
evaluasi keberlanjutan sistem ERP SAP SWIFT,                the evaluation of the sustainability of the ERP SAP
peningkatan kualitas data dan pengembangan proses           SWIFT system, improvement of data quality, and
bisnis pada berbagai fungsi utama seperti MRO,              business process enhancements across key operational
keuangan, sumber daya manusia, distribusi penjualan,        areas such as MRO, finance, human resources, sales
serta manajemen rantai pasok. Selain itu, Perseroan juga    distribution, and supply chain management. In addition,
melakukan peningkatan infrastruktur teknologi melalui       GMF is modernizing its technology infrastructure through
modernisasi jaringan, pembaruan server kritikal, serta      network upgrades, critical server refresh programs, and
peremajaan perangkat kerja guna memastikan kinerja          workstation upgrades to ensure reliable and efficient
sistem yang andal dan efisien.                              system performance.

GMF juga memastikan keberlanjutan layanan                   GMF also ensures the continuity of IT infrastructure
infrastruktur TI melalui pengelolaan IT managed services,   services through the management of IT managed
termasuk layanan manajemen operasional TI, keamanan         services, including IT operational service management,
komunikasi data, pengelolaan domain korporasi, layanan      secure data communication services, domain
email, serta pemenuhan lisensi perangkat lunak dan          management, email services, as well as software license
perangkat pendukung operasional.                            and IT hardware support for operational activities.


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                                                                          Di sisi keamanan informasi, GMF memperkuat                   Furthermore, GMF strengthens the protection of its
        02                                                                perlindungan aset digital melalui program komprehensif       digital assets through a comprehensive information
                                                                          bertema “Building a Strong Security Foundation.” Program     security program under the theme “Building a Strong
                                                                          ini mencakup peningkatan kesadaran keamanan siber            Security Foundation.” This program includes initiatives
      03                                                                  di seluruh organisasi, penilaian risiko keamanan secara      to enhance cybersecurity awareness across the
                                                                          berkala, penguatan tata kelola keamanan informasi,           organization, conduct periodic security risk assessments,
                                                                          serta implementasi teknologi keamanan yang mencakup          strengthen information security governance, and
                                                                          perlindungan data, aplikasi, endpoint, jaringan, dan         implement advanced security technologies covering
         04
                                                                          perimeter sistem. Melalui berbagai inisiatif tersebut, GMF   data, application, endpoint, network, and perimeter
                                                                          berupaya memastikan keamanan informasi yang andal            protection. Through these efforts, GMF aims to ensure
                                                                          sekaligus mendukung keberlangsungan operasional              robust information security while supporting sustainable
        05                                                                bisnis Perseroan.                                            business operations.

                                                                          PROGRAM 2025                                                 2025 PROGRAM
       06
                                                                          Sepanjang tahun 2025, GMF melaksanakan berbagai              Throughout 2025, GMF implemented various information
                                                                          program pengembangan teknologi informasi untuk               technology development programs to support the
                                                                          mendukung transformasi digital perusahaan serta              Company’s digital transformation and enhance
                                                                          meningkatkan efektivitas operasional. Program-               operational effectiveness. These initiatives were carried
                                                                          program tersebut dilaksanakan oleh dua fungsi utama          out by two primary functions under the Corporate
                                                                          di bawah Departemen Corporate Strategy & Digital             Strategy & Digital Transformation Department, namely
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Transformation, yaitu Innovation & Digital Transformation    Innovation & Digital Transformation and ERP System &
                                                                          serta ERP System & IT Service Delivery.                      IT Service Delivery.

                                                                          Innovation & Digital Transformation                          Innovation & Digital Transformation
                                                                          Divisi Innovation & Digital Transformation berfokus          The Innovation & Digital Transformation division focuses
                                                                          pada pengembangan solusi digital yang mendukung              on developing digital solutions that enhance operational
                                                                          peningkatan operasional perusahaan, penguatan                performance, strengthen customer engagement, and
                                                                          hubungan dengan pelanggan, serta optimalisasi                optimize human capital management.
                                                                          pengelolaan sumber daya manusia.

                                                                          Maintain Airworthy & Reliability                             Maintain Airworthy & Reliability
                                                                          Pengembangan Tools Management System Modul                   Development of the Tools Management System Booking
                                                                          Booking Tools untuk mendukung pengelolaan peralatan          Tools Module to support more effective management
                                                                          operasional secara lebih efektif guna menjaga                of operational equipment and ensure aviation safety
                                                                          keselamatan dan keandalan operasional penerbangan.           and reliability.

                                                                          Escalate Customer Intimacy                                   Escalate Customer Intimacy
                                                                          Pengembangan GSMART Modul Profitability Analysis             Development of the GSMART Profitability Analysis for
                                                                          for Airframe untuk meningkatkan analisis profitabilitas      Airframe Module to enhance customer profitability
                                                                          pelanggan sekaligus memperkuat interaksi perusahaan          analysis and strengthen customer engagement through
                                                                          dengan pelanggan melalui pemanfaatan teknologi digital.      digital capabilities.

                                                                          Employee Empowerment                                         Employee Empowerment
                                                                          Pengembangan aplikasi MyHC yang mencakup                     Development of the MyHC application, including 360
                                                                          modul 360 Appraisal, Employee Self Services, dan             Appraisal, Employee Self Services, and Organizational
                                                                          Organizational Management guna mendukung digitalisasi        Management modules, to support digital human capital
                                                                          pengelolaan sumber daya manusia serta meningkatkan           management and improve employee productivity.
                                                                          produktivitas karyawan.

                                                                          Digitalizing Operation                                       Digitalizing Operation
                                                                          Pengembangan berbagai solusi digital operasional             Development of several operational digital solutions
                                                                          perusahaan melalui OCX (Dasbor Realisasi Anggaran)           including OCX (Budget Realization Dashboard) OPEX
                                                                          Modul OPEX – Realokasi, aplikasi CEISA Pusat Logistik        Reallocation Module, CEISA Bonded Logistics Center
                                                                          Berikat, aplikasi XOPS Mobile, serta aplikasi XPREAM         application, XOPS Mobile application, and XPREAM Task
                                                                          Modul Task Management for Line Maintenance                   Management for Line Maintenance Module to improve
                                                                          untuk meningkatkan efektivitas dan efisiensi proses          operational efficiency and effectiveness.
                                                                          operasional.




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ERP System & IT Service Delivery                         ERP System & IT Service Delivery
Divisi ERP System & IT Service Delivery berperan dalam   The ERP System & IT Service Delivery division focuses
memastikan keberlanjutan sistem inti perusahaan,         on ensuring the sustainability of the Company’s core
penguatan infrastruktur teknologi, serta peningkatan     systems, strengthening technology infrastructure,
keamanan informasi guna mendukung operasional bisnis     and enhancing information security to support reliable
secara andal dan berkelanjutan.                          business operations.

ERP Business Process Enhancement                         ERP Business Process Enhancement
Pengembangan solusi sistem ERP pada area MRO,            Development of ERP system solutions across MRO,
Finance, Sales Distribution, Human Resource, Supply      Finance, Sales Distribution, Human Resources,
Chain Management, dan Complex/Component                  Supply Chain Management, and Complex/Component
Maintenance untuk meningkatkan efektivitas dan           Maintenance to improve business process efficiency
efisiensi proses bisnis Perseroan.                       and effectiveness.

ERP Assessment                                           ERP Assessment




                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Pelaksanaan kajian strategis terhadap keberlanjutan      A strategic assessment of the ERP SAP SWIFT system
sistem ERP SAP SWIFT guna menentukan arah                to determine the future direction of the Company’s ERP
pengembangan sistem ERP Perseroan di masa                development.
mendatang.

Data Quality Improvement (DQI)                           Data Quality Improvement (DQI)
Program peningkatan kualitas data operasional            A program aimed at improving the quality of operational
Perseroan melalui penyempurnaan proses verifikasi        data through enhanced verification and data
dan pengelolaan data untuk memastikan akurasi dan        management processes.
keandalan informasi.

Network Upgrade                                          Network Upgrade
Modernisasi infrastruktur jaringan perusahaan untuk      Modernization of the Company’s network infrastructure
meningkatkan performa dan keandalan layanan jaringan     to improve performance and reliability across GMF
di seluruh area operasional GMF.                         operational areas.

Active Directory Upgrade                                 Active Directory Upgrade
Peningkatan sistem pengelolaan identitas pengguna        Enhancement of the user identity management system
melalui pembaruan teknologi Active Directory guna        through Active Directory technology upgrades.
mendukung keamanan dan stabilitas sistem informasi
Perseroan.

Desktop & Notebook Upgrade                               Desktop & Notebook Upgrade
Program peremajaan perangkat kerja karyawan guna         Workstation refresh program to support employee
mendukung produktivitas dan kelancaran operasional       productivity and operational continuity.
Perseroan.

Sustainable of IT Managed Service                        Sustainable of IT Managed Service
Pengelolaan keberlanjutan layanan teknologi informasi    Ensuring the continuity of IT services including SSL/
yang mencakup layanan keamanan komunikasi data           TLS secure communication services, MDaemon email
SSL/TLS, layanan email MDaemon, pengelolaan              services, corporate domain management (gmf-aeroasia.
domain korporasi gmf-aeroasia.co.id, pengelolaan         co.id), software license management, and IT spare parts
lisensi perangkat lunak, serta penyediaan perangkat      and peripherals provisioning.
IT sparepart dan peripheral.

Information Security Awareness                           Information Security Awareness
Program peningkatan kesadaran keamanan siber             Cybersecurity awareness initiatives for employees
bagi karyawan melalui kampanye edukasi digital dan       through digital campaigns and information security
sosialisasi praktik keamanan informasi.                  education.

Information Security Risk Assessment                     Information Security Risk Assessment
Pelaksanaan penilaian risiko keamanan informasi          Periodic assessments conducted to identify potential
secara berkala guna mengidentifikasi potensi ancaman     information security risks and ensure appropriate
serta memastikan penerapan kontrol keamanan yang         security controls.
memadai.


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                                                                          Information Security Governance                             Information Security Governance
        02                                                                Penguatan tata kelola keamanan informasi melalui            Strengthening information security governance through
                                                                          penyusunan pedoman, standar, dan prosedur terkait           the development of security guidelines, standards, and
                                                                          keamanan sistem dan pengelolaan akses informasi.            procedures.
      03
                                                                          Information Security Testing &                              Information Security Testing &
                                                                          Simulation                                                  Simulation
                                                                          Pelaksanaan pengujian keamanan sistem melalui               Security testing through Vulnerability Assessment and
         04
                                                                          aktivitas Vulnerability Assessment dan Penetration          Penetration Testing (VAPT) and cybersecurity simulation
                                                                          Testing (VAPT) serta simulasi ancaman keamanan siber.       activities.

        05                                                                Information Security Technology                             Information Security Technology
                                                                          Development & Management                                    Development & Management
                                                                          Pengembangan dan pengelolaan teknologi keamanan             Development and management of information security
       06                                                                 informasi untuk memperkuat perlindungan sistem              technologies to strengthen corporate system protection
                                                                          Perseroan, serta meningkatkan kapabilitas pemantauan        and security monitoring capabilities.
                                                                          keamanan.

                                                                          AUDIT IT                                                    IT AUDIT

                                                                          Sepanjang tahun 2025, GMF telah melaksanakan                Throughout 2025, GMF executed a structured and
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          kegiatan audit Teknologi Informasi (TI) secara terencana,   risk-based Information Technology (IT) audit program
                                                                          sistematis, dan berbasis risiko sebagai bagian dari upaya   to ensure compliance with internal policies, applicable
                                                                          memastikan kepatuhan terhadap kebijakan internal,           standards, and regulatory requirements. The audit
                                                                          standar, dan regulasi yang berlaku. Pelaksanaan audit       activities were conducted through a coordinated
                                                                          TI dilakukan melalui sinergi antara fungsi audit internal   approach between internal audit and independent
                                                                          dan audit eksternal guna memperoleh keyakinan yang          external auditors, providing robust assurance over the
                                                                          memadai atas efektivitas pengendalian TI.                   effectiveness of IT controls.

                                                                          Audit internal dilaksanakan berdasarkan risk-based audit    Internal audits were conducted based on a risk-based
                                                                          plan yang telah disusun dengan mempertimbangkan             audit plan, developed by considering IT risk priorities
                                                                          prioritas risiko TI yang berdampak signifikan terhadap      that have a significant impact on business operations
                                                                          operasional bisnis dan serta mendorong peningkatan          and support continuous improvement. The Company
                                                                          berkelanjutan. Perseroan juga menjalani audit eksternal     also underwent external audits conducted by a Public
                                                                          yang dilaksanakan oleh Kantor Akuntan Publik (KAP)          Accounting Firm (KAP) as part of an independent
                                                                          sebagai bagian dari proses assurance independen.            assurance process. These external audits provide
                                                                          Audit eksternal ini memberikan validasi objektif terhadap   objective validation of the implementation of IT controls,
                                                                          penerapan pengendalian TI, khususnya yang berkaitan         particularly those related to financial reporting and
                                                                          dengan pelaporan keuangan dan sistem pendukungnya.          supporting systems. The results of both internal and
                                                                          Hasil audit internal dan eksternal menunjukkan bahwa        external audits indicate that, in general, IT controls
                                                                          secara umum pengendalian TI telah berjalan secara           have been operating effectively, although there are still
                                                                          efektif, meskipun masih terdapat beberapa catatan           several findings that require follow-up actions.
                                                                          perbaikan yang perlu ditindaklanjuti.

                                                                          Tindak lanjut atas seluruh temuan audit dilakukan melalui   Follow-up on all audit findings is carried out through a
                                                                          mekanisme corrective action plan yang dimonitor secara      corrective action plan mechanism, which is periodically
                                                                          berkala oleh manajemen dan fungsi terkait. Dengan           monitored by management and relevant functions.
                                                                          demikian, penyelenggaraan audit TI sepanjang tahun          Accordingly, the implementation of IT audits throughout
                                                                          2025 dinilai telah berjalan dengan baik dan memberikan      2025 is considered to have been well executed and
                                                                          kontribusi signifikan dalam memperkuat tata kelola          has made a significant contribution to strengthening
                                                                          TI, meningkatkan kepatuhan, serta memitigasi risiko         IT governance, enhancing compliance, and mitigating
                                                                          yang berpotensi mengganggu keberlangsungan bisnis           risks that could potentially disrupt the organization’s
                                                                          organisasi                                                  business continuity.




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RENCANA PENGEMBANGAN IT MASA                               FUTURE IT DEVELOPMENT PLAN
DEPAN

Pengembangan teknologi informasi GMF ke depan akan         GMF’s future IT development will continue to be aligned
terus diselaraskan dengan strategi bisnis perusahaan       with the Company’s business strategy through the
melalui pendekatan Business & IT Strategy Alignment,       Business & IT Strategy Alignment approach, ensuring
guna memastikan teknologi informasi menjadi enabler        that information technology serves as a key enabler
utama dalam mendukung pertumbuhan bisnis,                  in supporting business growth, improving operational
peningkatan efisiensi operasional, serta penguatan         efficiency, and strengthening the Company’s digital
kapabilitas digital Perseroan.                             capabilities.

Innovation & Digital Transformation                        Innovation & Digital Transformation
Divisi Innovation & Digital Transformation akan berfokus   The Innovation & Digital Transformation division will focus
pada program digitalisasi dengan mengusung tema            on digitalization programs under the theme “Integration




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
“Integration and Governance Excellence.” Inisiatif ini     and Governance Excellence.” These initiatives aim to
diarahkan untuk memperkuat pemanfaatan teknologi           strengthen the use of digital technology in supporting
digital dalam mendukung berbagai strategic goals           the Company’s strategic goals, namely:
Perseroan, yaitu:

Maintain Airworthy & Reliability                           Maintain Airworthy & Reliability
Mendukung peningkatan kemampuan organisasi dalam           Enhancing the organization’s capabilities in operational
perencanaan operasional, pengelolaan data, serta           planning, data management, and decision-making
pengambilan keputusan melalui pemanfaatan sistem           through integrated digital systems.
digital yang terintegrasi.

Escalate Customer Intimacy                                 Escalate Customer Intimacy
Meningkatkan kualitas interaksi perusahaan dengan          Improving the quality of customer interactions through
pelanggan melalui digitalisasi proses dan pemanfaatan      digitalized processes and digital channels that enhance
kanal digital yang memungkinkan transparansi dan           transparency and customer experience.
peningkatan pengalaman pelanggan.

Workforce Empowerment                                      Workforce Empowerment
Memberdayakan sumber daya manusia melalui                  Empowering human capital through digital technologies
pemanfaatan teknologi digital yang mendukung               that support productivity, work flexibility, and employee
produktivitas, fleksibilitas kerja, serta peningkatan      capability development.
kapabilitas karyawan.

Digitalizing Operation                                     Digitalizing Operation
Mendorong digitalisasi proses operasional perusahaan       Driving the digitalization of operational processes to
guna meningkatkan efektivitas, efisiensi, serta akurasi    improve effectiveness, efficiency, and accuracy in
dalam pelaksanaan kegiatan operasional.                    operational activities.

ERP System & IT Service Delivery                           ERP System & IT Service Delivery
Divisi ERP System & IT Service Delivery akan melanjutkan   The ERP System & IT Service Delivery division
pengembangan teknologi informasi dengan fokus pada         will continue to strengthen the Company’s core IT
penguatan kapabilitas inti teknologi informasi melalui     capabilities through the Core IT Function Strategic Goals,
Core IT Function Strategic Goals, yang meliputi:           which include:

Strengthen IT Governance, Framework &                      Strengthen IT Governance, Framework &
Organization                                               Organization
Penguatan tata kelola teknologi informasi melalui          Strengthening IT governance through the establishment
pengembangan kebijakan, struktur organisasi, proses,       of policies, organizational structures, processes, and
serta kompetensi yang diperlukan agar pengelolaan TI       competencies required to manage IT strategically and
dapat berjalan secara strategis dan efektif.               effectively.




                                                                                                                         175
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                                                                          Technology Advancement & Advanced                       Technology Advancement & Advanced
        02                                                                Technology Adoption                                     Technology Adoption
                                                                          Modernisasi infrastruktur teknologi informasi serta     Modernizing IT infrastructure and adopting advanced
                                                                          pemanfaatan teknologi terbaru untuk meningkatkan        technologies to improve operational performance and
      03                                                                  kinerja operasional dan daya saing perusahaan.          enhance the Company’s competitive advantage.

                                                                          Strengthen Information Security                         Strengthen Information Security
                                                                          Penguatan perlindungan terhadap sistem dan aset         Strengthening the protection of corporate systems
         04
                                                                          informasi korporasi dari ancaman siber maupun akses     and information assets against cyber threats and
                                                                          tidak sah guna menjaga kerahasiaan, integritas, serta   unauthorized access to ensure confidentiality, integrity,
                                                                          ketersediaan informasi.                                 and availability.
        05
                                                                          Selain itu, pengembangan teknologi informasi juga       In addition, IT development will also support the Business
                                                                          diarahkan untuk mendukung Business IT Strategic         IT Strategic Goals, namely:
       06                                                                 Goals, yaitu:
                                                                          1. Maintain Airworthy & Reliability                     1.   Maintain Airworthy & Reliability
                                                                          2. Effective & Efficient Supply Chain                   2.   Effective & Efficient Supply Chain
                                                                          3. Escalate Customer Intimacy                           3.   Escalate Customer Intimacy
                                                                          4. Employee Empowerment                                 4.   Employee Empowerment
                                                                          5. Digitalizing Operation                               5.   Digitalizing Operation
Analisis dan Pembahasan Manajement - Management Analysis and Discussion




                                                                          Melalui pendekatan tersebut, GMF berupaya memastikan    Through these initiatives, GMF aims to ensure that future
                                                                          bahwa pengembangan teknologi informasi tidak hanya      IT development not only strengthens the Company’s
                                                                          memperkuat fondasi teknologi Perseroan, tetapi juga     technological foundation but also directly supports
                                                                          secara langsung mendukung peningkatan kinerja           operational excellence and value creation for customers
                                                                          operasional dan penciptaan nilai bagi pelanggan serta   and stakeholders.
                                                                          pemangku kepentingan.




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Page 178
      Tata Kelola Perusahaan - Corporate Governance


                                                                               01




                                                                04
                                                                          02




                                                           05


                                                      06
                                                                     03




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                                                        Corporate
                                                       Governance
Page 180
       01

                                                Komitmen Kuat Penerapan Tata Kelola
     02
                                                Perusahaan yang Baik
    03                                          Strong Commitment to Implementing Good Corporate Governance


      04
                                                Tata Kelola Perusahaan yang Baik atau Good Corporate     Good Corporate Governance (GCG) is a principle that
                                                Governance (GCG) merupakan prinsip yang menjadi          forms the basis of company management based on laws
     05                                         dasar dari suatu pengelolaan perusahaan berdasarkan      and regulations and business ethics. GMF understands
                                                peraturan perundang-undangan dan etika usaha. GMF        the importance and strategic benefits of implementing
                                                mengetahui arti penting dan manfaat strategis dari       GCG principles. Operational management in accordance
    06                                          implementasi prinsip-prinsip GCG. Penyelenggaraan        with GCG principles is evident in the company's
                                                operasional sesuai prinsip-prinsip GCG terlihat dari     sustainability, which has recorded positive performance
                                                keberlangsungan usaha yang mampu mencatatkan             and strengthened trust, as well as providing added value
                                                kinerja positif dan memperkuat kepercayaan serta         for shareholders and stakeholders.
                                                memberikan nilai tambah bagi para pemegang saham
                                                dan para pemangku kepentingan.

                                                GMF mengimplementasikan GCG melebihi ketentuan           GMF implements GCG beyond the requirements
                                                peraturan perundang-undangan yang berlaku                of applicable laws and regulations because GMF
                                                dikarenakan GMF memahami bahwa implementasi dan          understands that the implementation and continuous
                                                perbaikan secara berkelanjutan dari GCG menjadi kunci    improvement of GCG are key to improving performance
Tata Kelola Perusahaan - Corporate Governance




                                                penting untuk meningkatkan pencapaian dan menjaga        and maintaining client trust. From time to time, GMF
                                                kepercayaan para klien. Dari waktu ke waktu, GMF         makes improvements, adjusting its policies and
                                                melakukan penyempurnaan, menyesuaikan dengan             operational procedures to comply with applicable
                                                kebijakan dan prosedur operasional guna menaati          regulations and implement industry best practices,
                                                peraturan yang berlaku dan menerapkan praktik terbaik    developing systems and increasing the awareness of all
                                                industri, mengembangkan sistem serta meningkatkan        GMF personnel of the importance of implementing GCG.
                                                kesadaran seluruh insan GMF akan pentingnya
                                                penerapan GCG.

                                                PEDOMAN TATA KELOLA PERUSAHAAN                           GUIDELINES FOR CORPORATE
                                                                                                         GOVERNANCE

                                                Sebagai salah satu bentuk komitmen GMF terhadap          As part of GMF's commitment to implementing GCG, the
                                                penerapan GCG, telah dibentuk Pedoman Tata Kelola        Corporate Governance Guidelines were established on
                                                Perusahaan pada tanggal 29 Desember 2022 dengan          December 29, 2022. The latest revision was endorsed by
                                                revisi terakhir pada tanggal 31 Desember 2024. Revisi    all members of the Board of Commissioners and Board
                                                terakhir telah ditandatangani oleh seluruh anggota       of Directors who were serving at that time through their
                                                Dewan Komisaris dan Direksi yang menjabat pada saat      signature, and these guidelines remain in effect to date.
                                                itu dan pedoman ini masih digunakan hingga saat ini.



                                                              Pedoman Tata Kelola Perusahaan telah diunggah di website resmi GMF dan dapat
                                                                                            diakses oleh publik
                                                             The Corporate Governance Guidelines have been uploaded to the official website of GMF
                                                                                        and accessible for the public

                                                                                                 CLICK HERE




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PRINSIP DAN DASAR HUKUM                                                  BASIC PRINCIPLES AND LEGAL BASIS
PENERAPAN GCG                                                            OF GCG IMPLEMENTATION


PRINSIP DASAR DAN PERKEMBANGANNYA                                        BASIC PRINCIPLES

Perseroan mengacu pada lima prinsip dasar penerapan                      The Company refers to five basic principles of GCG
GCG yaitu: transparansi, akuntabilitas, responsibilitas,                 implementation, namely: transparency, accountability,
independensi, dan kesetaraan serta kewajaran (TARIF).                    responsibility, independence, as well as equity and
                                                                         fairness (TARIF).
                                                  Prinsip Penerapan GCG – TARIF
                                             Principles of GCG Implementation – TARIF

                 Transparansi                                   Akuntabilitas                             Pertanggungjawaban
                 Transparency                                   Accountability                               Responsibility




                                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                                    GMF menerapkan kehati-hatian
                                                   GMF memiliki struktur organ GCG
       GMF menyediakan informasi yang                                                               dan patuh terhadap perundang -
                                                    yang memiliki kejelasan fungsi
        relevan, akurat, dan tepat waktu                                                          undangan sebagai bentuk tanggung
                                                    dan berperan dalam menjamin
         kepada pemegang saham dan                                                                 jawab terhadap keberlangsungan
                                                     efektivitas kinerja Perseroan.
        seluruh pemangku kepentingan.                                                                           usaha.
                                                    GMF has a clear function of GCG
      GMF provides the information that is                                                          GMF acts prudently and, complies
                                                    bodies that play a role in assuring
       relevant, accurate, and punctual to                                                           with the regulations as a form
                                                   the effectiveness of the Company’s
        shareholders and all stakeholders                                                             of responsibility on business
                                                               performance.
                                                                                                             sustainability.




                                                                                   Kesetaraan dan
                                     Kemandirian
                                                                                      Kewajaran
                                    Independency
                                                                                  Equity and Fairness
                                                                             GMF menjamin perlakuan yang
                          GMF mengambil keputusan bisnis
                                                                            adil dan setara dalam memenuhi
                         tanpa intervensi dari pihak manapun
                                                                           hak pemegang saham dan seluruh
                             untuk menghindari benturan
                                                                             pemangku kepentingan sesuai
                          kepentingan dengan lingkup organ
                                                                             dengan peraturan perundang-
                                      Perseroan.
                                                                           undangandan Kode Etik Perseroan.
                            GMF takes decision without the
                                                                              GMF guarantees fair and equal
                           intervention of any party to avoid
                                                                           treatment to fulfill the authorities of
                             conflict of interest among the
                                                                            shareholders and all stakeholders
                                   Company’s bodies
                                                                             according to the legislations and
                                                                                    Code of Conduct.




DASAR HUKUM PENERAPAN GCG                                                LEGAL BASIS OF GCG IMPLEMENTATION
Wujud penerapan GCG senantiasa didasari oleh dasar                       The implementation of GCG is always based on a strong
hukum yang berlaku, antara lain sebagai berikut:                         and structured legal basis, among others as follows:
1. Undang-Undang No. 40 Tahun 2007 tentang                               1. Law No. 40 of 2007 concerning Limited Liability
   Perseroan Terbatas;                                                      Companies;
2. Undang-Undang No. 8 Tahun 1995 tentang Pasar                          2. Law No. 8 of 1995 concerning Capital Markets;
   Modal;
3. Peraturan Menteri Negara Badan Usaha Milik (BUMN)                     3. Regulation of the Minister of State-Owned
   Negara No. PER-02/MBU/03/2023 tentang Pedoman                            Enterprises (SOEs) No. PER-02/MBU/03/2023 on
   tata Kelola dan Kegiatan Korporasi Signifikan Badan                      Guidelines for Governance and Significant Corporate
   Usaha Milik Negara;                                                      Activities of State-Owned Enterprises;
4. Peraturan Menteri Negeri BUMN No. PER-12/                             4. Regulation of the Minister of State-Owned Enterprises
   MBU/2012 tentang Organ Pendukung Dewan                                   No. PER-12/MBU/2012 on Supporting Organs of the
   Komisaris/Dewan Pengawas BUMN;                                           Board of Commissioners/Supervisory Board of SOEs;
5. Peraturan Menteri Negeri BUMN No. PER-03/                             5. SOE Ministerial Regulation No. PER-03/MBU/2012
   MBU/2012 tentang Pedoman Pengangkatan                                    on Guidelines for the Appointment of Members of
   Anggota Direksi dan Anggota Dewan Komisaris Anak                         the Board of Directors and Members of the Board
   Perusahaan BUMN;                                                         of Commissioners of SOE Subsidiaries;
6. Peraturan Otoritas Jasa Keuangan No. 21/                              6. Financial Services Authority Regulation No. 21/
   POJK.04/2015 tentang Penerapan Pedoman Tata                              POJK.04/2015 on the Implementation of Public
   Kelola Perusahaan Terbuka;                                               Company Governance Guidelines;


                                                                                                                                       181
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       01

                                                7. Surat Edaran Otoritas Jasa Keuangan No.32/                  7. Circular Letter of Financial Services Authority No.32/
     02                                             SEOJK.04/2015 tentang Pedoman Tata Kelola                      SEOJK.04/2015 on Guidelines for Public Company
                                                    Perusahaan Terbuka;                                            Governance;
                                                8. ASEAN Corporate Governance Scorecard (ACGS)                 8. ASEAN Corporate Governance Scorecard (ACGS)
    03                                              oleh ASEAN Capital Market Forum;                               with ASEAN Capital Market Forum;
                                                9. Anggaran Dasar Perseroan sesuai Akta Pendirian No.          9. Articles of Association of the Company pursuant
                                                    93 tanggal 26 April 2002, yang terakhir kali diubah            to Deed of Establishment No. 93 dated 26 April
                                                    dengan Akta Pernyataan Keputusan rapat No. 5                   2002, which was last amended by Deed of Meeting
      04
                                                    tanggal 28 Oktober 2024.                                       Resolution No. 5 dated October 28, 2024.
                                                10. Akta Pernyataan Keputusan Rapat No. 8 tanggal 24           10. Deed of Meeting Resolution No. 8 dated October
                                                    Oktober 2025.                                                  24, 2025.
     05
                                                MANFAAT PENERAPAN GCG                                          BENEFITS OF IMPLEMENTING GCG
    06
                                                               Penerapan GCG Mendukung Kinerja Positif dan Operasional Usaha Bebas dari Isu
                                                   GCG Implementation Supports Positive Business Achievement and Ensures Clean Operations Free from Any Issues

                                                  Pendapatan Usaha              Laba Bersih Tahun                                              Total Liabilitas dan
                                                                                                                 Total Aset                    Ekuitas
                                                  Operating Revenue             Berjalan                         Total Assets
                                                                                Profit for the Year                                            Total Liabilities and Equity



                                                   USDM492                      USDM34                            USDM813                       USDM813
                                                   16.77% YoY                   26,27% YoY                        91.46% YoY                    91.46% YoY
Tata Kelola Perusahaan - Corporate Governance




                                                  Jumlah Pengaduan Whistleblowing dan
                                                              Terselesaikan                                                          Jumlah Laporan Gratifikasi
                                                 Number of Incoming Whistleblowing Report             Tidak ada Kasus Perkara       Number of Gratification Report
                                                               and Settled                                    Hukum
                                                                                                        None of Legal Cases

                                                                      6                                                                           12
                                                TUJUAN PENERAPAN GCG                                           OBJECTIVES OF GCG
                                                                                                               IMPLEMENTATION

                                                Melalui penerapan GCG di lingkungan usahanya, GMF              GMF aims to achieve several objectives by applying
                                                memiliki sejumlah tujuan yang ingin dicapai yaitu:             GCG in its business environment, such as:
                                                1. Mengarahkan perilaku seluruh insan GMF dalam                1. Encouraging all personnel to act according to the
                                                   bertindak sesuai dengan koridor nilai dan budaya               corporate values and culture to make the Company's
                                                   Perusahaan yang telah ditetapkan guna menjamin                 management process goes more effective and
                                                   efektivitas proses pengelolaan Perseroan serta                 make the decision-making process goes fairly and
                                                   keadilan dan transparansi proses pengambilan                   transparently;
                                                   keputusan;
                                                2. Menunjang terciptanya keseimbangan hubungan                 2. Creating a balanced relationship between GMF
                                                   antara GMF dengan pemangku kepentingan, yang                   and stakeholders, including Shareholders, Board
                                                   meliputi Pemegang Saham, Dewan Komisaris, Direksi,             of Commissioners, Board of Directors, employees,
                                                   karyawan, pelanggan, pemasok, dan pihak eksternal              customers, suppliers, and external parties to clarify
                                                   sehingga tercipta kejelasan fungsi dan peran masing-           their functions and roles and ensure accountable
                                                   masing dan menjamin keberlangsungan usaha yang                 business;
                                                   akuntabel;
                                                3. Membangun terwujudnya citra positif GMF serta               3. Building a positive image of GMF and increasing
                                                   meningkatkan kepercayaan publik sebagai entitas                public image on GMF as an ethical and responsible
                                                   bisnis yang beretika dan bertanggung jawab (good               business entity (good corporate citizenship);
                                                   corporate citizenship);
                                                4. Mendorong peningkatan nilai dan daya saing GMF              4. Increasing the level of values and competitiveness
                                                   di tingkat nasional maupun internasional;                      of GMF at the national and international levels;
                                                5. Membangun dan mengokohkan landasan                          5. Building and strengthening the foundation of GMF
                                                   kelangsungan usaha GMF dalam jangka panjang.                   to generate a long-term business continuity.




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                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
FOKUS PERKEMBANGAN GCG TAHUN                            GCG DEVELOPMENT FOCUS IN 2025
2025

Sepanjang tahun 2025, Perseroan telah melakukan         Throughout 2025, the Company has carried out various
berbagai kegiatan untuk mengembangkan praktik           activities to develop GCG practices. These efforts
GCG. Upaya ini mencakup pengembangan berkala yang       include periodic development that is useful for updating
berguna untuk memperbarui kapasitas internal guna       internal capacity to adapt to the latest regulatory
menyesuaikan dengan perkembangan regulasi terbaru.      developments.

Perseroan menjalankan berbagai aktivitas rutin secara   The Company carried out various routine annual
tahunan mencakup assessment GCG, melakukan              activities, including GCG assessments, socialization of
sosialisasi implementasi GCG bagi pegawai baru,         GCG implementation for new employees, socialization of
sosialisasi larangan penerimaan gratifikasi, dan        the prohibition of accepting gratuities, and encouraging
mendorong praktik WBS melalui WBS Campaign.             WBS practices through the WBS Campaign.




                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Pada tahun 2025, Perseroan melakukan analisa terhadap   In 2025, the Company conducted an analysis of new
peraturan baru yang berdampak pada pedoman serta        regulations that had an impact on the Company's internal
kebijakan internal Perseroan.                           guidelines and policies.




                                                                                                                   183
Page 184
       01

                                                Struktur Tata Kelola Perseroan
     02
                                                The Company’s Governance Structure

    03


      04
                                                Penerapan prinsip-prinsip GCG di GMF terdiri dari dua      The application of GCG principles at GMF consists of
                                                aspek utama, yaitu Struktur Tata Kelola atau Governance    two main aspects: the Governance Structure and the
                                                Structure, serta Proses Tata Kelola atau Governance        Governance Process. These two aspects influence each
     05                                         Process. Kedua aspek ini saling mempengaruhi satu          other to provide governance outcomes according to the
                                                sama lain untuk memberikan Hasil Tata Kelola atau          Company’s expectations and all stakeholders.
                                                Governance Outcome sesuai dengan harapan Perseroan
    06                                          dan seluruh pemangku kepentingan.

                                                GMF memiliki 3 (tiga) organ utama yaitu Rapat Umum         GMF has 3 (three) main organs: the General Meeting of
                                                Pemegang Saham (RUPS) yang mengakomodasi                   Shareholders (GMS), which accommodates the interests
                                                kepentingan pemegang saham, Direksi yang mengelola         of shareholders; the Board of Directors, which manages
                                                Perseroan, dan Dewan Komisaris yang melakukan              the Company; and the Board of Commissioners, which
                                                pengawasan terhadap pengelolaan Perseroan. Dewan           supervises the Company’s management activities. The
                                                Komisaris dan Direksi memiliki tanggung jawab untuk        Board of Commissioners and the Board of Directors
                                                memelihara kesinambungan usaha dalam jangka panjang        are responsible for maintaining long-term business
                                                sehingga penting bagi kedua organ tersebut untuk           continuity; therefore, the two bodies need to have the
                                                memiliki kesamaan persepsi terhadap visi, misi, dan        same perception of GMF’s vision, mission, and values.
Tata Kelola Perusahaan - Corporate Governance




                                                nilai-nilai GMF.

                                                Perseroan telah menunjuk Direktur Utama sebagai            The Company has appointed the President Director as
                                                penanggung jawab dalam penerapan GCG yang dalam            the person in charge of GCG implementation, which
                                                pelaksanaannya dijalankan oleh Divisi Corporate            in its implementation is carried out by the Corporate
                                                Secretary & Legal yang secara struktur organisasi berada   Secretary & Legal Division, which is structurally under
                                                di bawah Direktur Utama sebagaimana ditetapkan dalam       the President Director as stipulated in the CEO Decree
                                                Surat Keputusan Direktur Utama No.DT/SKEP-5015/25          No.DT/SKEP-5015/25 concerning Parent Organisation of
                                                tentang Organisasi Induk PT Garuda Maintenance             PT Garuda Maintenance Facility Aero Asia Tbk.
                                                Facility Aero Asia Tbk.




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                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                Struktur Tata Kelola Perusahaan
                                                Corporate Governance Structure

                                                           RUPS | GMS




                          Dewan Komisaris                                                   Direksi
                       Board of Commissioners                                          Board of Directors



Sekretaris Dewan Komisaris
                                                                    Sekretaris Perusahaan                   Unit Internal Audit
 Secretary of the Board of
                                                                     Corporate Secretary                    Internal Audit Unit
      Commissioners




                                                                                                                                  Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                                     Unit Lain Organ Perseroan
                                                                      Unit Financial &
                                                                                                         Other Units of The
                                                                   Management Accounting
                                                                                                          Company Organs
                              Komite Audit
                             Audit Committee



                      Komite Pemantau Risiko dan
                         Tata Kelola Terintegras
                       Risk Monitoring Committee
                        and Integrated Corporate
                               Governance


                         Komite Nominasi dan
                              Remunerasi
                      Nomination and Remuneration
                               Committee



Perseroan memiliki berbagai kebijakan atau soft                  The Company has various GCG policies or soft structures
structure GCG sebagai berikut. Kebijakan-kebijakan ini           as follows. These policies are available on the Company's
telah diterbitkan dalam situs website Perseroan yaitu            website at www.gmf-aeroasia.co.id which covers the
www.gmf-aeroasia.co.id yang mencakup:                            followings:
1. Anggaran Dasar Perusahaan;                                    1. Articles of Association;
2. Pedoman Tata Kelola Perusahaan (GCG Code);                    2. Corporate Governance Guidelines (GCG Code);
3. Pedoman Perilaku (Code of Conduct);                           3. Code of Conduct;
4. Pedoman Direksi dan Dewan Komisaris;                          4. Guidelines for the Board of Directors and the Board
                                                                     of Commissioners;
5. Piagam Komite (Committee Charter);                            5. Committee Charter;
6. Piagam Audit Internal (Internal Audit Charter);               6. Internal Audit Charter;
7. Kebijakan Internal Audit;                                     7. Internal Audit Policy;
8. Kebijakan Manajemen Risiko;                                   8. Risk Management Policy;
9. Kebijakan Pengendalian Internal;                              9. Internal Control Policy;
10. Pengendalian Gratifikasi;                                    10. Gratification Control;
11. Kebijakan Whistleblowing System;                             11. Whistleblowing System Policy;
12. Kebijakan Pengadaan Barang dan Jasa.                         12. Procurement Policy.

STRUKTUR TATA KELOLA                                             SUSTAINABILITY GOVERNANCE
KEBERLANJUTAN [OJK E.1] [GRI 2-9,                                STRUCTURE [OJK E.1] [GRI 2-9, 2-11]
2-11]
Dewan Komisaris dan Direksi menjadi badan tata kelola            The Board of Commissioners and the Board of Directors
tertinggi di Perseroan yang menjalankan operasional              serve as the highest governance bodies of the Company
berkelanjutan. Informasi mengenai komposisi anggota              and are responsible for overseeing sustainable
Dewan Komisaris dan Direksi telah disampaikan di bab             operations. Information regarding the composition of
“Profil Perusahaan”, sub-bab “Profil Dewan Komisaris”            members of the Board of Commissioners and Board of
dan “Profil Direksi”.                                            Directors is presented in the chapter “Company Profile,”
                                                                 sub-chapters “Profile of the Board of Commissioners”
                                                                 and “Profile of the Board of Directors”.



                                                                                                                                  185
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       01

                                                Tugas dan tanggung jawab Dewan Komisaris dan Direksi      The duties and responsibilities of the Board of
     02                                         diungkapkan dalam bab ini pada sub-bab “Tugas dan         Commissioners and Board of Directors are disclosed
                                                Tanggung Jawab Dewan Komisaris” dan “Tugas dan            in this chapter under the sub-chapters “Duties and
                                                Tanggung Jawab Direksi”. Dewan Komisaris memiliki         Responsibilities of the Board of Commissioners” and
    03                                          4 (empat) organ pendukung yaitu Sekretaris Dewan          “Duties and Responsibilities of the Board of Directors.”
                                                Komisaris (SDK), Komite Audit (KA), Komite Nominasi       The Board of Commissioners is supported by four (4)
                                                dan Remunerasi (KNR), dan Komite Pemantau Risiko          supporting organs, namely the Board of Commissioners
                                                dan Tata Kelola Terintegrasi (KPRTKT). Direksi memiliki   Secretary (SDK), the Audit Committee (AC), the
      04
                                                5 (lima) organ pendukung yaitu Corporate Secretary        Nomination and Remuneration Committee (NRC),
                                                & Legal, Internal Audit, Corporate Strategy & Digital     and the Risk Monitoring and Integrated Governance
                                                Transformation, Quality Assurance & Safety, serta Sales   (KPRTKT). The Board of Directors is supported by 5
     05                                         & Marketing.                                              (five) supporting organs, namely Corporate Secretary
                                                                                                          & Legal (CSL), Internal Audit (IA), Corporate Strategy
                                                                                                          & Digital Transformation (CSDT), Quality Assurance &
    06                                                                                                    Safety (QAS), serta Sales & Marketing (SM).

                                                Direksi bertanggung jawab terhadap pengelolaan dan        The Board of Directors is responsible for managing
                                                pemantauan isu-isu terkait ekonomi, lingkungan hidup,     and monitoring material economic, environmental, and
                                                dan sosial yang material. Sampai dengan akhir periode     social issues. As of the end of the reporting period,
                                                pelaporan, Perseroan tidak menunjuk pejabat khusus        the Company has not appointed a specific officer
                                                ataupun membentuk komite khusus yang bertanggung          nor established a special committee dedicated to
                                                jawab terhadap keberlanjutan. Pengelolaan keberlanjutan   sustainability matters. Sustainability management is
                                                dilakukan bersama-sama seluruh Direktur dan unit          carried out collectively by all Directors and supporting
                                                kerja pendukung, sesuai tugas dan tanggung jawab          work units in accordance with their respective duties
                                                masing-masing. GMF telah membentuk Unit Corporate         and responsibilities. GMF has established a Corporate
Tata Kelola Perusahaan - Corporate Governance




                                                Communication & CSR di dalam struktur Corporate           Communication & CSR Unit within the Corporate
                                                Secretary & Legal yang bertanggung jawab secara           Secretary & Legal structure, which is specifically
                                                khusus untuk menangani pelaksanaan kegiatan TJSL di       responsible for managing the implementation of the
                                                Perseroan. Unit ini dipimpin oleh seorang Division Head   Company’s TJSL programs. This unit is led by a Division
                                                yang bertanggung jawab kepada Corporate Secretary         Head who reports to the Corporate Secretary & Legal
                                                & Legal Group Head. Perseroan juga memiliki unit lain     Group Head. The Company also has another unit
                                                untuk mengelola kegiatan sosial secara khusus yang        that specifically manages social activities related to
                                                mencakup bidang lingkungan dan kesehatan yaitu unit       environmental and health aspects, namely the Quality,
                                                Quality, Health, Safety and Environment (QHSE), yang      Health, Safety and Environment (QHSE) unit, which
                                                berada di bawah Dinas Corporate Affairs & HSE. Isi dari   operates under the Corporate Affairs & HSE Division.
                                                Laporan Keberlanjutan telah diketahui Dewan Komisaris     The contents of the Sustainability Report have been
                                                dan Direksi dan bertanggung jawab terhadap seluruh        acknowledged by the Board of Commissioners and the
                                                isi laporan. [GRI 2-12, 2-13]                             Board of Directors, who are responsible for the entire
                                                                                                          content of the report. [GRI 2-12, 2-13]

                                                KEBIJAKAN PEMISAHAN CHAIRMAN                              SEPARATION POLICY OF CHAIRMAN OF
                                                OF THE BOARD DAN CEO [ESG G-03]                           THE BOARD AND CEO [ESG G-03]

                                                Perseroan menerapkan sistem tata kelola dua badan         The Company implements a two-tier governance system
                                                (two-tier) yang memisahkan peran pengawasan untuk         that separates the oversight role for the non-executive
                                                badan non-eksekutif dan peran pengelolaan untuk badan     body and the management role for the executive body.
                                                eksekutif. Badan non-eksekutif yaitu Dewan Komisaris,     The non-executive body, the Board of Commissioners, is
                                                dipimpin oleh Komisaris Utama, dan badan eksekutif        led by the President Commissioner, while the executive
                                                adalah Direksi, dipimpin oleh Direktur Utama (berperan    body, the Board of Directors, is led by the President
                                                sebagai CEO). Ketentuan ini telah ditetapkan dalam        Director (who acts as the CEO). This policy has been
                                                Pedoman Tata Kelola dan Anggaran Dasar Perseroan.         established in Corporate Governance Guideline and
                                                                                                          Articles of Association.




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                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
             Hasil Tata Kelola: Evaluasi, Pemantauan, dan
                                             Peningkatan
                        Governance Results: Evaluation, Monitoring, and Improvement



Perseroan memiliki mekanisme assessment atau               The Company has an assessment mechanism to evaluate
penilaian penerapan GCG yang dilakukan secara berkala.     the implementation of GCG, which is conducted on a
Pada tahun 2025, Perseroan menggunakan metode              periodic basis. In 2025, the Company applied the GCG
Penilaian Penerapan GCG berdasarkan Parameter              assessment method based on the Parameter of POJK
POJK No.21/POJK.04/2015 tentang Penerapan                  No. 21/POJK.04/2015 concerning the Implementation of




                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Pedoman Tata Kelola Perusahaan Terbuka dan SEOJK           Corporate Governance Guidelines for Public Companies
No.32/SEOJK.04/2015 tentang Pedoman Tata Kelola            and SEOJK No. 32/SEOJK.04/2015 concerning Corporate
Perusahaan Terbuka.                                        Governance Guidelines for Public Companies.

GMF tidak melakukan penilaian penerapan GCG                GMF did not conduct a GCG implementation assessment
berdasarkan pendekatan BUMN pada tahun buku                based on the SOE approach for the 2025 financial
2025 sehubungan dengan telah dicabutnya Keputusan          year, in connection with the revocation of the Decree
Sekretaris Kementerian Badan Usaha Milik Negara            of the Secretary of the Ministry of State-Owned
Republik Indonesia Nomor SK-16/S.MBU/2012 tentang          Enterprises of the Republic of Indonesia Number SK-
Indikator/Parameter Penilaian dan Evaluasi Atas            16/S.MBU/2012 concerning Indicators/Parameters for
Penerapan Tata Kelola Perusahaan yang Baik pada            the Assessment and Evaluation of Good Corporate
Badan Usaha Milik Negara dan hingga saat ini belum         Governance Implementation in State-Owned Enterprises
terdapat indikator baru sebagai dasar kriteria penilaian   and currently, no new indicators have been issued as
penerapan GCG tahun buku 2025.                             the basis for GCG implementation assessment criteria
                                                           for the 2025 financial year.

PENERAPAN ATAS PEDOMAN TATA                                COMPLIANCE WITH GUIDELINE
KELOLA PERUSAHAAN TERBUKA:                                 OF GOVERNANCE FOR PUBLIC
KESESUAIAN TERHADAP SEOJK NO.                              COMPANIES: COMPLIANCE WITH
32/SEOJK.04/2015                                           SEOJK NO. 32/SEOJK.04/2015

GMF, sebagai perusahaan terbuka, telah melaksanakan        GMF, as a public company, has implemented all
seluruh peraturan yang dikeluarkan OJK dan akan terus      regulations issued by OJK and will continue to strive
berupaya melakukan perbaikan untuk menciptakan             for improvement to create added value for shareholders
nilai tambah bagi pemegang saham dan pemangku              and stakeholders. In particular, the guidelines for
kepentingan. Khususnya terkait pedoman Tata Kelola         Public Company Governance are regulated under
Perusahaan Terbuka yang diatur berdasarkan Peraturan       OJK Regulation No. 21/POJK.04/2015 dated 16
OJK No. 21/POJK.04/2015 tanggal 16 November 2015           November 2015 on the Implementation of Public
tentang Penerapan Pedoman Tata Kelola Perusahaan           Company Governance Guidelines, which is elaborated
Terbuka, yang dijabarkan dalam Surat Edaran OJK            in OJK Circular Letter No. 32/SEOJK.04/2015 dated
No. 32/SEOJK.04/2015 tanggal 17 November 2015              17 November 2015 on Public Company Governance
tentang Pedoman Tata Kelola Perusahaan Terbuka.            Guidelines. The guidelines, which contain aspects,
Pedoman tersebut, yang memuat aspek, prinsip dan           principles and recommendations of good corporate
rekomendasi tata kelola perusahaan yang baik, berguna      governance, are useful to encourage the implementation
untuk mendorong penerapan praktik GCG sesuai dengan        of GCG practices in accordance with exemplary
praktik internasional yang patut diteladani perusahaan     international practices for listed companies. The
terbuka. Perseroan wajib menerapkan pedoman                Company is obliged to implement the guideline, and
tersebut, dan jika belum menerapkannya, Perseroan          if it has not implemented it, the Company is obliged
wajib menjelaskan alasan tidak diterapkannya pedoman       to explain the reasons for not implementing the
tersebut. Pengungkapan penerapan atas rekomendasi          guideline. Disclosure of the implementation of the
dalam pedoman tersebut disampaikan dalam laporan           recommendations in the guidelines is submitted in the
tahunan perusahaan terbuka.                                annual report of the public company.




                                                                                                                    187
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       01

                                                Berdasarkan Surat Edaran OJK No. 32/SEOJK.04/2015                   Based on OJK Circular Letter No. 32/SEOJK.04/2015
     02                                         sebagai standar penerapan GCG yang mencakup 5                       as a standard of GCG implementation which includes 5
                                                (lima) aspek, 8 (delapan) prinsip dan 25 (dua puluh                 (five) aspects, 8 (eight) principles and 25 (twenty-five)
                                                lima) rekomendasi penerapan aspek dan prinsip                       recommendations for implementing GCG aspects and
    03                                          GCG. Perseroan telah memenuhi 25 (dua puluh lima)                   principles. The Company has fulfilled 25 (twenty five)
                                                rekomendasi. Rekomendasi ini merupakan standar                      recommendations. These recommendations are the
                                                penerapan aspek dan prinsip GCG yang harus diterapkan               standards for the implementation of GCG aspects and
                                                Perseroan. Adapun rekomendasi yang belum memenuhi                   principles that must be implemented by the Company.
      04
                                                dan penerapannya di lingkup Perseroan adalah sebagai                The recommendations that have not been fulfilled and
                                                berikut:                                                            their implementation within the scope of the Company
                                                                                                                    are as follows:
     05
                                                                             Kriteria                                               Penjelasan Penerapan di Perseroan
                                                 No.                                                            Rekomendasi
    06                                                                       Criteria                                               Explanation of Implementation within
                                                                                                               Recommendation
                                                                                                                                               the Company
                                                        Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
                                                  I.
                                                        Public Company’s relations with its Shareholders in ensuring their Rights

                                                        Prinsip 1 | Principle 1
                                                        Meningkatkan Nilai Penyelenggaraan RUPS
                                                        Increasing the Value of GMS

                                                        Perusahaan Terbuka memiliki cara atau prosedur
                                                        teknis pengumpulan suara (voting) baik secara
                                                        terbuka maupun tertutup yang mengedepankan
                                                        independensi dan kepentingan Pemegang Saham.
                                                  1.1                                                                 -                                -
                                                        The Public Company establishes clear open or
                                                        closed voting methods or procedures that uphold
Tata Kelola Perusahaan - Corporate Governance




                                                        the independence aspect and prioritize the interests
                                                        of shareholders.

                                                        Seluruh anggota Direksi dan anggota Dewan
                                                        Komisaris Perusahaan Terbuka hadir dalam Rapat
                                                        Umum Pemegang Saham (RUPS) Tahunan.
                                                 1.2    All members of the Board of Directors and the Board           -                                -
                                                        of Commissioners of the Public Company attend the
                                                        Annual General Meeting of Shareholders (Annual
                                                        GMS).

                                                        Ringkasan berita acara RUPS tersedia dalam situs
                                                        web Perusahaan Terbuka paling sedikit selama 1
                                                 1.3    (satu) tahun.                                                 -                                -
                                                        Minutes of GMS is made available on the Public
                                                        Company’s website for at least one (1) year.

                                                        Prinsip 2 | Principle 2
                                                        Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
                                                        Improving the Quality of Public Company’s Communications with Shareholders or investors.

                                                        Perusahaan Terbuka harus memiliki suatu kebijakan
                                                        komunikasi terbuka dengan Pemegang Saham atau
                                                        investor.
                                                  2.1                                                                 -                                -
                                                        The Public Company establishes an open
                                                        communication policy with shareholders or
                                                        investors.

                                                        Perusahaan Terbuka mengungkapkan kebijakan
                                                        komunikasi Perusahaan Terbuka dengan Pemegang
                                                        Saham atau investor dalam situs web.
                                                 2.2                                                                  -                                -
                                                        The Public Company discloses its web-based
                                                        communication policy with shareholders or
                                                        investors.




188
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                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                            Kriteria                                                   Penjelasan Penerapan di Perseroan
No.                                                             Rekomendasi
                            Criteria                                                   Explanation of Implementation within
                                                               Recommendation
                                                                                                  the Company
       Fungsi dan Peran Dewan Komisaris
II.
       Functions and Roles of the Board of Commissioners

       Prinsip 3 | Principle 3
       Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
       Strengthening the membership and composition of the Board of Commissioners

       Penentuan jumlah anggota Dewan Komisaris
       mempertimbangkan kondisi Perusahaan Terbuka.
3.1    Total members of the Board of Commissioners                    -                                 -
       is determined based on the Public Company’s
       condition.

       Penentuan komposisi anggota Dewan Komisaris
       memperhatikan keberagaman latar belakang




                                                                                                                              Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
       berdasarkan keahlian, pengetahuan, dan
       pengalaman yang dibutuhkan.
3.2    The composition of the Board of Commissioners                  -                                 -
       takes into consideration the diverse backgrounds
       of its members while ensuring that they possess the
       necessary knowledge, expertise and experience to
       effectively discharge their duties.

       Prinsip 4 | Principle 4
       Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
       Improving the Quality of the Board of Commissioners’ Execution of Duties and Responsibilities

       Dewan Komisaris mempunyai kebijakan penilaian
       sendiri (self-assessment) untuk menilai kinerja
4.1    Dewan Komisaris.                                               -                                 -
       The Board of Commissioners has their Self-
       Assessment policy to evaluate their performance.

       Kebijakan penilaian sendiri (self-assessment) untuk
       menilai kinerja Dewan Komisaris diungkapkan
       melalui Laporan Tahunan Perusahaan Terbuka.
4.2                                                                   -                                 -
       The Board of Commissioners’ Self-Assessment
       Policy is disclosed in the Public Company’s Annual
       Report.

       Dewan Komisaris mempunyai kebijakan terkait
       pengunduran diri anggota Dewan Komisaris apabila
       terlibat dalam kejahatan keuangan.
4.3                                                                   -                                 -
       The Board of Commissioners has a policy requiring
       them to step down from their position(s) upon any
       evidence of their involvement in financial crimes.

       Dewan Komisaris atau Komite yang menjalankan
       fungsi nominasi dan remunerasi harus menyusun
       kebijakan suksesi dalam proses nominasi anggota
       Direksi.
4.4                                                                   -                                 -
       The Board of Commissioners or the Committee in
       charge of nomination and remuneration functions
       establishes a succession policy to nominate
       members of the Board of Directors.

       Fungsi dan Peran Direksi
III.
       Board of Directors’ Functions and Roles

       Prinsip 5 | Principle 5
       Memperkuat Keanggotaan dan Komposisi Direksi
       Strengthening the membership and composition of the Board of Directors

       Penentuan jumlah anggota Direksi ditetapkan
       setelah mempertimbangkan kondisi Perusahaan
       Terbuka serta efektivitas dalam pengambilan
       keputusan.
5.1                                                                   -                                 -
       Total members of the Board of Directors is
       determined after duly considering their effectiveness
       in decision-making as well as the Public Company’s
       condition.




                                                                                                                              189
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       01

                                                                              Kriteria                                                  Penjelasan Penerapan di Perseroan
                                                No.                                                                    Rekomendasi
     02                                                                       Criteria                                                  Explanation of Implementation within
                                                                                                                      Recommendation
                                                                                                                                                   the Company
                                                      P e n e n t u a n ko m p o s i s i a n g g o t a D i re k s i
    03                                                memperhatikan, keberagaman latar belakang
                                                      yang berdasarkan keahlian, pengetahuan, dan
                                                      pengalaman yang dibutuhkan dalam tugasnya.
                                                5.2   The composition of the Board of Directors takes into                  -                            -
      04                                              consideration diverse backgrounds of its members
                                                      while ensuring that they possess the necessary
                                                      knowledge, expertise and experience to effectively
                                                      discharge their duties.
     05
                                                      Anggota Direksi yang membawahi bidang akuntansi
                                                      atau keuangan harus memiliki keahlian dan/atau
                                                      pengetahuan di bidang akuntansi.
                                                5.3                                                                         -                            -
    06                                                The members of the Board of Directors overseeing
                                                      accounting or finance have the expertise and
                                                      knowledge in the field of accounting.

                                                      Prinsip 6 | Principle 6
                                                      Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
                                                      Improving the Quality of the Board of Directors’ Execution of Duties and Responsibilities

                                                      Direksi mempunyai kebijakan penilaian sendiri (self-
                                                      assessment) untuk menilai kinerja Direksi.
                                                6.1                                                                         -                            -
                                                      The Board of Directors has their self-assessment
                                                      policy to evaluate their performance.

                                                      Kebijakan penilaian sendiri (self-assessment) untuk
                                                      menilai kinerja Direksi dan diungkapkan melalui
                                                      laporan tahunan Perusahaan Terbuka.
Tata Kelola Perusahaan - Corporate Governance




                                                6.2   The evaluation of the Board of Directors’                             -                            -
                                                      performance based on their Self-Assessment
                                                      Policy is made a policy and disclosed in the Public
                                                      Company’s Annual Report.

                                                      Direksi harus mempunyai kebijakan terkait
                                                      pengunduran diri anggota Direksi apabila terlibat
                                                      dalam kejahatan keuangan.
                                                6.3                                                                         -                            -
                                                      The Board of Directors has a policy requiring them to
                                                      step down from their position(s) upon any evidence
                                                      of their involvement in financial crimes.

                                                      Keterlibatan Pemangku Kepentingan
                                                IV.
                                                      Stakeholder Engagement

                                                      Prinsip 7 | Principle 7
                                                      Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
                                                      Strengthening the Corporate Governance Aspects through Stakeholder Participation

                                                      Perusahaan Terbuka memiliki kebijakan untuk
                                                      mencegah terjadinya insider trading.
                                                7.1                                                                         -                            -
                                                      The Public Company has a policy to prevent insider
                                                      trading.

                                                      Perusahaan Terbuka memiliki kebijakan anti korupsi
                                                      dan anti fraud.
                                                7.2                                                                         -                            -
                                                      The Public Company has an anti-corruption and
                                                      anti-fraud policy.

                                                      Perusahaan Terbuka harus sudah menetapkan
                                                      kebijakan tentang pemilahan pemasok atau vendor
                                                      untuk peningkatan kemampuan Perseroan.
                                                7.3                                                                         -                            -
                                                      The Public Company has established a policy for
                                                      the selection of suppliers or vendors to improve the
                                                      Company’s sourcing capabilities.

                                                      Perusahaan Publik harus memiliki ketentuan tentang
                                                      pemenuhan hak-hak kreditur.
                                                7.4                                                                         -                            -
                                                      Public Company has a provision on the fulfillment
                                                      of creditor’s rights.

                                                      Perusahaan Terbuka memiliki kebijakan sistem
                                                      whistleblowing.
                                                7.5                                                                         -                            -
                                                      The Public Company has a whistleblowing system
                                                      policy.



190
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                             Kriteria                                               Penjelasan Penerapan di Perseroan
No.                                                                 Rekomendasi
                             Criteria                                               Explanation of Implementation within
                                                                   Recommendation
                                                                                               the Company
      Perusahaan Terbuka memiliki kebijakan pemberian
      insentif jangka panjang kepada Direksi dan
      karyawan.
7.6                                                                      -                           -
      The Public Company has a policy on long-term
      incentives for the Board of Directors and the
      employees.

      Keterbukaan Informasi
V.
      Disclosure of Information

      Prinsip 8 | Principle 8
      Meningkatkan Pelaksanaan Keterbukaan Informasi
      Improving Information Disclosure

      Perusahaan Terbuka memanfaatkan penggunaan




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
      teknologi informasi secara lebih luas selain situs
      web sebagai media keterbukaan informasi.
8.1                                                                      -                           -
      The Public Company, other than on its website,
      makes a broader use of information technology to
      disclose information.

      L a p o r a n Ta h u n a n Pe r u s a h a a n Te r b u k a
      mengungkapkan pemilik manfaat akhir dalam
      kepemilikan saham Perusahaan Terbuka paling
      sedikit 5% (lima persen), selain pengungkapan
      pemilik manfaat akhir dalam kepemilikan saham
8.2   Perusahaan Terbuka melalui Pemegang Saham                          -                           -
      utama dan pengendali.
      The Public Company’s Annual Report contains
      disclosures on shareholders holding at least 5%
      (five percent) ownership in the Company in addition
      to its main or controlling shareholder.




                                                                                                                           191
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       01

                                                Rapat Umum Pemegang Saham (RUPS)
     02
                                                General Meeting of Shareholders (GMS)

    03


      04
                                                Rapat Umum Pemegang Saham (RUPS) adalah organ                The General Meeting of Shareholders (GMS) is the
                                                Perseroan yang memiliki wewenang yang tidak diberikan        Company’s body with exclusive authority not delegated
     05                                         kepada Direksi atau Dewan Komisaris. RUPS menjadi            to the Board of Directors or the Board of Commissioners.
                                                wadah bagi Pemegang Saham untuk mengambil                    The GMS becomes a forum for Shareholders to make
                                                berbagai keputusan penting terkait Perseroan, terutama       important decisions concerning the Company, especially
    06                                          yang berkaitan dengan modal dan kelangsungan usaha.          on capital and business continuity. Decisions at the GMS
                                                Keputusan yang diambil dalam RUPS harus didasarkan           must consider the long-term and short-term interests
                                                pada kepentingan Perseroan dalam jangka panjang              of the Company. The GMS cannot intervene with the
                                                maupun jangka pendek. RUPS tidak dapat melakukan             duties and authorities of the Board of Commissioners
                                                intervensi terhadap tugas dan wewenang Dewan                 and the Board of Directors. The rights and authorities
                                                Komisaris dan Direksi. Semua hak dan wewenang RUPS           belonging to GMS are adjusted to the provisions in the
                                                disesuaikan dengan ketentuan dalam Undang-Undang             Law and the Articles of Association.
                                                dan Anggaran Dasar Perusahaan.


                                                                                          Pemegang Saham Perseroan
                                                                                            Company Shareholders
Tata Kelola Perusahaan - Corporate Governance




                                                                                           2,77%               0,28%


                                                                               28,54%                                       68,40%




                                                            PT Angkasa Pura Indonesia   PT Garuda Indonesia (Persero) Tbk    Publik | Public   PT Aero Wisata



                                                JENIS-JENIS RUPS                                             GMS TYPES

                                                Perseroan memiliki mekanisme RUPS yang terdiri dari:         The mechanism of GMS at the Company is as follows:
                                                1. RUPS Tahunan (RUPST) untuk menyetujui Laporan             1. Annual GMS (AGMS) to approve the Annual Report,
                                                   Tahunan, mengesahkan perhitungan tahunan serta               ratify the annual calculations and ratify other agenda
                                                   mengesahkan mata acara lainnya yang berdasarkan              items which based on statutory regulations must be
                                                   peraturan perundang-undangan wajib disahkan                  ratified through the AGMS.
                                                   melalui RUPST.
                                                2. RUPS Lainnya (atau juga dikenal sebagai RUPS              2. Other GMS (known as Extraordinary GMS/EGMS)
                                                   Luar Biasa /RUPSLB) yaitu RUPS yang diadakan                 which held from time to time if needed and for the
                                                   sewaktu-waktu berdasarkan kebutuhan dan untuk                Company’s interests.
                                                   kepentingan Perseroan.




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                                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                     Tahapan Penyelenggaraan RUPS
                                                            GMS Procedures

                         1                                               2                                             3
                                                         Pengumuman penyelengaraan
           Pemberitahuan rencana                                                                    Pemanggilan penyelenggaraan RUPS
                                                           RUPS melalui media massa
        penyelenggaraan RUPS kepada                                                                  melalui media massa paling lambat
                                                          paling lambat 14 hari sebelum
      Regulator paling lambat 5 hari kerja                                                           21 hari sebelum pelaksanaan RUPS,
                                                       pemanggilan penyelenggaran RUPS
     sebelum pengumuman penyelenggara                                                                 tanpa memperhitungkan tanggal
                                                        tanpa memperhitungkan tanggal
                     RUPS                                                                              RUPS dan tanggal pemanggilan.
                                                         pemanggilan dan pengumuman
       Notification of GMS implementation plan                                                      Summons for organizing GMS through mass
                                                         Announcement of GMS implementation
      to Regulators no later than 5 working days                                                    media no later than 21 days before the GMS,
                                                       through mass media no later than 14 days
      before the announcement of the holding of                                                     without calculating the date of the GMS dan
                                                      before the notice of GMS, without regard to
                        the GMS.                                                                             the date of the summons.
                                                        the date of summons and announcement




                                                                                                                                                  Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                         4                                               5                                             6

                                                                                                     Penyampaian Risalah RUPS kepada
                                                     Pengumuman ringkasan Risalah RUPS
                                                                                                      Regulator paling lambat 30 hari
                                                       melalui media massa paling lambat
                Pelaksanaan RUPS.                                                                       setelah pelaksanaan RUPS.
                                                     2 hari kerja setelah pelaksanaan RUPS.
                                                                                                    Summons for organizing GMS through mass
           Implementation of the GMS.                  Announcement of the Summary of GMS
                                                                                                    media no later than 21 days before the GMS,
                                                      Minutes through Mass Media At the latest 2
                                                                                                    without calculating the date of the GMS dan
                                                             working days after the RUPS
                                                                                                             the date of the summons.




PENYELENGGARAAN RUPS PADA                                                      THE HOLDING OF GMS IN 2025
TAHUN 2025

Di sepanjang tahun 2025, Perseroan menyelenggarakan                            Throughout 2025, the Company held 4 (four) General
4 (empat) kali RUPS, yaitu RUPS Tahunan pada tanggal                           Meetings of Shareholders (GMS), namely the Annual
5 Juni 2025, RUPS Luar Biasa pada tanggal 5 Juni 2025,                         GMS on June 5, 2025, an Extraordinary GMS on June
RUPS Luar Biasa pada tanggal 26 September 2025, dan                            5, 2025, an Extraordinary GMS on September 26, 2025,
RUPS Luar Biasa pada tanggal 24 Oktober 2025.                                  and an Extraordinary GMS on October 24, 2025.


                                                                 RUPS Tahunan
                                                                  Annual GMS
 Hari/Tanggal             Kamis, 5 Juni 2025
 Day/Date                 Thursday, June 5, 2025

 Waktu
                          10.21 s/d 12.00WIB
 Time

 Tempat                   Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran Bandar Udara
 Venue                    International Soekarno-Hatta, Tangerang



                                                   Tahapan Pelaksanaan RUPS Tahunan
                                                   Process in Orgazining the Annual GMS
                                        Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Tahunan Tahun Buku 2024 ke OJK pada
 Pemberitahuan Penyelenggaraan
                                        tanggal 22 April 2025 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2008/25.
 RUPS Kepada OJK
                                        Sending the Notice of Annual General Meeting of Shareholders for Financial Year 2024 to OJK on April
 Notification to Hold GMS to OJK
                                        22, 2025 through the Company's CEO letter No. GMF/DT/SPE-2008/25.

                                        Pemasangan Pengumuman RUPS Tahunan Tahun Buku 2024 pada situs web PT Bursa Efek Indonesia,
                                        situs web Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang
 Pengumuman                             dipublikasikan pada tanggal 29 April 2025.
 Announcement                           Posting of the Announcement of the Annual General Meeting of Shareholders for the Financial Year
                                        2024 on the website of the Indonesia Stock Exchange, the Company's website and the eASY.KSEI
                                        platform in Bahasa Indonesia and English published on April 29, 2025.




                                                                                                                                                  193
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       01

                                                                                          Tahapan Pelaksanaan RUPS Tahunan
     02                                                                                   Process in Orgazining the Annual GMS
                                                                               Pemanggilan RUPS Tahunan Tahun Buku 2024 dilakukan melalui situs web Bursa Efek Indonesia,
                                                                               situs web Perseroan, serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang
                                                Pemanggilan                    dipublikasikan pada tanggal 14 Mei 2025.
    03                                          Invitation                     The Invitation to the Annual General Meeting of Shareholders for Financial Year 2024 was made
                                                                               through the Indonesia Stock Exchange website, the Company's website, as well as the eASY.KSEI
                                                                               platform in Indonesian and English, which published on May 14, 2025.
      04                                        Penyelenggaraan RUPS           RUPS Tahunan Tahun Buku 2024 diselenggarakan pada 5 Juni 2025.
                                                GMS Holding                    The Annual General Meeting of Shareholders for Financial Year 2024 was held on June 5, 2025.

                                                Pengumuman Ringkasan Risalah   Ringkasan Risalah RUPS Tahunan Tahun Buku 2024 telah dirilis pada tanggal 11 Juni 2025 yang
     05                                         RUPS                           diumumkan melalui situs web Perseroan dan situs web Bursa Efek Indonesia.
                                                Announcement of GMS Minutes    The Summary of Minutes of the Annual GMS for Financial Year 2024 was released on June 11, 2025,
                                                Summary                        which was announced on the Company's website and the Indonesia Stock Exchange website.

    06                                          Penyampaian Risalah RUPS       Penyampaian Risalah RUPS Tahun Buku 2024 kepada OJK pada tanggal 3 Juli 2025 melalui surat
                                                Kepada OJK                     Corporate Secretary & Legal No. GMF/TS/SPE-2019/25.
                                                Submission of GMS Minutes to   Submission of the Minutes of the GMS for Financial Year 2024 to OJK on July 3, 2025 through Corporate
                                                OJK                            Secretary & Legal No. GMF/TS/SPE-2019/25.


                                                Pada RUPS Tahunan yang dilaksanakan tahun 2025,                   At the Annual GMS held in 2025, the number of shares
                                                jumlah saham dengan hak suara yang hadir atau diwakili            with voting rights present or represented has fulfilled
                                                telah memenuhi kuorum dalam RUPS yaitu sebesar                    the quorum in the GMS, which is 34,948,972,313
                                                34,948,972,313 saham atau setara dengan 93.0322416%               shares or equivalent to 93.0322416% of all shares with
                                                dari seluruh jumlah saham dengan hak suara yang sah               valid voting rights issued by the Company, which is
                                                yang telah dikeluarkan oleh Perseroan, yaitu berjumlah            28,233,511,500 shares of Series A and 9,332,467,476
                                                28,233,511,500 saham Seri A dan 9,332,467,476 saham               shares of Series B, in accordance with the Company's
Tata Kelola Perusahaan - Corporate Governance




                                                Seri B, sesuai dengan Anggaran Dasar Perusahaan.                  Articles of Association.


                                                                                                Kehadiran RUPS Tahunan
                                                                                               Attendees of the Annual GMS
                                                                               Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
                                                                               menghadiri RUPS.
                                                                               All members of the Board of Commissioners who served until the Annual GMS attended the GMS.
                                                                               • Dharmadi
                                                                                    Komisaris Utama/Komisaris Independen | President Commissioner/Independent Commissioner
                                                                               • Rahmat Hanafi
                                                Dewan Komisaris
                                                                                    Komisaris | Commissioner
                                                Board of Commissioners
                                                                               • Ali Gunawan
                                                                                    Komisaris Independen | Independent Commissioner
                                                                               • Abhan
                                                                                    Komisaris Independen |Independent Commissioner
                                                                               • Agit Atriantio
                                                                                    Komisaris Independen | Independent Commissioner

                                                                               Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri
                                                                               RUPS.
                                                                               All members of the Board of Directors who served until the Annual GMS attended the GMS.
                                                                               • Andi Fahrurrozi
                                                                                    Direktur Utama | CEO
                                                                               • Salusra Satria
                                                Direksi
                                                                                    Direktur Keuangan | Director of Finance
                                                Board of Directors
                                                                               • Pudjo Sarwoko
                                                                                    Direktur Human Capital & Corporate Affairs | Director of Human Capital & Corporate Affairs
                                                                               • Mukhtaris
                                                                                    Direktur Line Operation | Director of Line Operation
                                                                               • Irvan Pribadi
                                                                                    Direktur Base Operation | Director of Base Operation

                                                                               Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan penyelenggaraan
                                                                               RUPS Tahunan menghadiri RUPS.
                                                                               The Chairman of the Audit and Corporate Governance Policy Committee who served until the Annual
                                                Komite Audit
                                                                               GMS attended the GMS.
                                                Audit Committee
                                                                               • Ali Gunawan
                                                                                   Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan | Chairman of the Audit and Corporate
                                                                                   Governance Policy Committe




194
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                                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                  Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS
                                  Tahunan menghadiri RUPS.
 Komite Nominasi dan Remunerasi
                                  The Chairman of Nomination and Remuneration Committee who served until the Annual GMS attended
 Nomination and Remuneration
                                  the GMS.
 Committee
                                  • Dharmadi
                                      Ketua Komite Nominasi dan Remunerasi | Chairman of the Nomination and Remuneration Committee

                                  •    Shanti Indah Lestari, S.H., M.Kn., sebagai Notaris/as the Notary;
                                  •    PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration
 Pihak Independen
                                       Bureau;
 Independent Party
                                  •    Kantor Akuntan Publik Rintis, Jumadi, Rianto dan Rekan sebagai Kantor Akuntan Publik/as the
                                       Public Account.

 Mekanisme Penghitungan Suara     Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
 Voting Mechanism                 The voting process at each agenda was done by the Notary.


Hasil Keputusan RUPS Tahunan telah dituangkan melalui                 The resolutions of the Annual GMS have been set forth in




                                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Akta Berita Acara RUPS Tahunan Tahun Buku 2024                        the Deed of Minutes of the Annual GMS of Financial Year
No. 3 Tanggal 5 Juni 2025 yang dibuat di hadapan                      2024 No. 3 dated June 5, 2025, made before Notary
Notaris Shanti Indah Lestari, S.H., M.Kn., di Kabupaten               Shanti Indah Lestari, S.H., M.Kn., in Tangerang Regency.
Tangerang.

Mata Acara Rapat dan Keputusannya                                     Meeting Agenda, Resolutions, and
serta Tindak Lanjut                                                   Follow-up Status

 Mata Acara Rapat Pertama
 First Meeting Agenda

                                      Persetujuan Laporan Tahunan Perseroan Tahun Buku 2024 termasuk di dalamnya Laporan Keuangan
                                      Konsolidasian Perseroan dan Laporan Tugas Pengawasan Dewan Komisaris yang berakhir pada
                                      tanggal 31 Desember 2024, serta pemberian pelunasan dan pembebasan tanggung jawab sepenuhnya
                                      (volledig acquit et de charge) kepada para anggota Direksi dan anggota Dewan Komisaris atas
                                      tindakan pengurusan dan pengawasan yang telah dijalankan selama tahun buku 2024.
 Mata Acara
                                      Approval of the Company’s Annual Report for the 2024 financial year, including the Company’s
 Agenda
                                      Consolidated Financial Statements and the Report on the Supervisory Duties of the Board of
                                      Commissioners for the year ended December 31, 2024, as well as the granting of full release and
                                      discharge (volledig acquit et de charge) to the members of the Board of Directors and the Board
                                      of Commissioners for the management and supervisory actions carried out during the 2024
                                      financial year.

 Jumlah Pemegang Saham yang
 Mengajukan Pertanyaan dan/atau       Terdapat 1 (satu) Pemegang Saham yang memberikan pendapat dan 1 (satu) Pemegang Saham
 Memberikan Pendapat                  yang mengajukan pertanyaan.
 Shareholders Who Raised Questions    There were 1 (one) Shareholder who gave opinion and 1 (one) Shareholder who raised question.
 and/or Gave Their Opinions

                                                       Setuju                Tidak Setuju                 Abstain
 Hasil Pemungutan Suara                                Agreed                 Disagreed                   Absent
 Voting Results                                     34.920.017.519               250.758                 28.204.036
                                                    (99,9185807%)             (0,0007175%)             (0,0807018 %)




                                                                                                                                        195
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       01
                                                                                     •   Menyetujui Laporan Tahunan Perseroan Tahun Buku 2024 termasuk didalamnya Laporan
                                                                                         Pelaksanaan Tugas Pengawasan Dewan Komisaris yang berakhir pada tanggal 31 Desember 2024;
     02                                                                              •   Mengesahkan Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2024 yang berakhir
                                                                                         pada tanggal 31 Desember 2024, yang telah diaudit oleh Kantor Akuntan Publik Rintis, Jumadi,
                                                                                         Rianto & Rekan dengan pendapat Wajar Dalam Semua Hal Yang Material, sebagaimana termuat
                                                                                         dalam laporannya Nomor 00368/2.1457/AU.1/10/0225-3/1/III/2025 tanggal 25 Maret 2025; dan
    03                                                                               •   Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de
                                                                                         charge) kepada para anggota Direksi dan anggota Dewan Komisaris atas tindakan pengurusan
                                                                                         dan pengawasan yang telah dijalankan selama tahun buku 2024, sepanjang tindakan tersebut
      04                                                                                 bukan merupakan tindakan pidana dan/atau tindakan yang bertentangan dengan peraturan
                                                                                         perundangan yang berlaku dan tindakan tersebut telah tercermin dalam Laporan Tahunan dan
                                                Keputusan Mata Acara Rapat
                                                                                         Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024.
                                                Pertama
                                                Resolution of First Meeting Agenda
     05                                                                              •   To approve the Company’s Annual Report for the 2024 financial year, including the Report on
                                                                                         the Supervisory Duties of the Board of Commissioners for the year ended December 31, 2024;
                                                                                     •   To ratify the Company’s Consolidated Financial Statements for the 2024 financial year ended
                                                                                         December 31, 2024, which have been audited by Public Accounting Firm Rintis, Jumadi, Rianto
    06                                                                                   & Rekan with an unmodified opinion (fair in all material respects), as stated in its report No.
                                                                                         00368/2.1457/AU.1/10/0225-3/1/III/2025 dated March 25, 2025; and
                                                                                     •   To grant full release and discharge (volledig acquit et de charge) to the members of the Board
                                                                                         of Directors and the Board of Commissioners for the management and supervisory actions
                                                                                         carried out during the 2024 financial year, provided that such actions do not constitute criminal
                                                                                         acts and/or violations of applicable laws and regulations, and that such actions are reflected in
                                                                                         the Company’s Annual Report and Financial Statements for the financial year ended December
                                                                                         31, 2024.

                                                                                     Pemegang Saham melalui RUPS menerima pertanggungjawaban pelaksanaan pengawasan dan
                                                                                     pengurusan Perseroan berturut-turut oleh Dewan Komisaris dan Direksi, serta memberikan pelunasan
                                                Realisasi                            dan pembebasan tanggung jawab sepenuhnya.
                                                Realization                          The Shareholders through the GMS accept the accountability of the implementation of supervision
                                                                                     and management of the Company successively by the Board of Commissioners and the Board of
                                                                                     Directors, and provide full release and discharge of responsibility.
Tata Kelola Perusahaan - Corporate Governance




                                                Mata Acara Rapat Kedua
                                                Second Meeting Agenda

                                                Mata Acara                           Penetapan Penggunaan Laba Bersih Perseroan Tahun 2024
                                                Agenda                               Appropriation of the Company’s Net Profit for 2024

                                                Jumlah Pemegang Saham yang
                                                                                     Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
                                                Mengajukan Pertanyaan dan/atau
                                                                                     Pemegang Saham.
                                                Memberikan Pendapat
                                                                                     There were no questions or opinions raised by Shareholders or Shareholders' proxies.
                                                Shareholders Who Raised Questions
                                                and/Or Gave Their Opinions

                                                                                                       Setuju                  Tidak Setuju                  Abstain
                                                Hasil Pemungutan Suara                                 Agreed                   Disagreed                    Absent
                                                Voting Results                                      34.920.001.719                 266.558                  28.204.036
                                                                                                    (99,9185355 %)              (0,0007627%                (0,0807018%)

                                                                                     Menyetujui dan menetapkan penggunaan Laba Bersih Tahun Buku 2024 sebesar USD26,900,045
                                                Keputusan Mata Acara Rapat
                                                                                     (Dua Puluh Enam Juta Sembilan Ratus Ribu Empat Puluh Lima Dollar Amerika Serikat) sebagai
                                                Kedua
                                                                                     Laba Ditahan atau Retained Earning Perseroan untuk mengurangi akumulasi kerugian Perseroan.
                                                Resolution of Second Meeting
                                                                                     To approve and determine the appropriation of the Company’s Net Profit for the 2024 financial year
                                                Agenda
                                                                                     amounting to USD26,900,045 (Twenty-Six Million Nine Hundred Thousand Forty-Five United States
                                                                                     Dollars) as Retained Earnings of the Company to reduce its accumulated losses.

                                                                                     Pemegang Saham melalui RUPS sudah memberikan persetujuan agar Laba Bersih Perseroan
                                                                                     dicatatkan sebagai Laba Ditahan atau Retained Earning. Perseroan akan melaksanakan keputusan
                                                Realisasi                            tersebut pada periode pelaporan Laporan Keuangan selanjutnya.
                                                Realization                          The Shareholders through the GMS have given approval for the Company's Net Income to be
                                                                                     recorded as Retained Earning. The Company will implement the decision in the next Financial
                                                                                     Statement reporting period.




196
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                                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Rapat Ketiga
Third Meeting Agenda

                                     Penetapan Tantiem/Insentif Kinerja Tahun Buku 2024 dan Remunerasi (Gaji/Honorarium, Fasilitas
Mata Acara                           dan Tunjangan) Tahun Buku 2025 bagi Direksi dan Dewan Komisaris.
Agenda                               Determination of Tantiem for the 2024 financial year and remuneration (salary/honorarium, facilities
                                     and allowances) for the 2025 financial year for the Board of Directors and Board of Commissioners.

Jumlah Pemegang Saham yang
                                     Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
Mengajukan Pertanyaan dan/atau
                                     Pemegang Saham.
Memberikan Pendapat
                                     There were no questions or opinions raised by Shareholders or Shareholders' proxies.
Shareholders Who Raised Questions
and/Or Gave Their Opinions

                                                       Setuju                 Tidak Setuju                  Abstain
Hasil Pemungutan Suara                                 Agreed                  Disagreed                    Absent
Voting Results                                     34.920.001.719                 266.558                   28.204.03




                                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                   (99,9185355 %)              (0,0007627%)               (0,0807018%)

                                     Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada Dewan Komisaris Perseroan
                                     dengan terlebih dahulu mendapat persetujuan tertulis dari PT Garuda Indonesia (Persero) Tbk
                                     selaku Pemegang Saham Pengendali untuk menetapkan pemberian tantiem/insentif kinerja tahun
                                     2024 dan menetapkan remunerasi (gaji/honorarium, tunjangan dan fasilitas) bagi anggota Direksi
Keputusan Mata Acara Rapat Ketiga
                                     dan Dewan Komisaris Perseroan untuk tahun 2025.
Resolution of Third Meeting Agenda
                                     To approve the granting of authority and delegation of powers to the Company’s Board of
                                     Commissioners, subject to prior written approval from PT Garuda Indonesia (Persero) Tbk as the
                                     Controlling Shareholder, to determine the tantiem/performance incentives for the 2024 financial
                                     year and to determine the remuneration (salary/honorarium, allowances, and facilities) for members
                                     of the Board of Directors and the Board of Commissioners of the Company for 2025.

                                     Berdasarkan kuasa dan wewenang yang diberikan dan dilimpahkan oleh RUPS, Dewan Komisaris
                                     menentukan besaran remunerasi (gaji/honorarium, tunjangan, dan fasilitas) bagi anggota Direksi
                                     dan Dewan Komisaris tahun 2025 dengan memperhatikan kemampuan Perseroan.
Realisasi
                                     Based on the power and authority granted and delegated by the GMS, the Board of Commissioners
Realization
                                     determines the amount of remuneration (salary/honorarium, allowances, and facilities) for members
                                     of the Board of Directors and Board of Commissioners in 2025 by taking into account the Company's
                                     ability.



Mata Acara Rapat Keempat
Fourth Meeting Agenda

                                     Penunjukan Kantor Akuntan Publik Untuk Mengaudit Laporan Keuangan Perseroan Tahun Buku 2025.
Mata Acara
                                     Appointment of a Public Accountant Firm to Audit the Company's Financial Statements for the
Agenda
                                     2025 Financial Year.

Jumlah Pemegang Saham yang
                                     Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
Mengajukan Pertanyaan dan/atau
                                     Pemegang Saham.
Memberikan Pendapat
                                     There were no questions or opinions raised by Shareholders or Shareholders' proxies.
Shareholders Who Raised Questions
and/or Gave Their Opinions

                                                       Setuju                  Tidak Setuju                 Abstain
Hasil Pemungutan Suara                                 Agreed                   Disagreed                   Absent
Voting Results                                      34.920.017.519                250.758                  28.204.036
                                                    (99,9185807 %)             (0,0007175%)               (0,0807018%)




                                                                                                                                            197
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       01
                                                                                      •   Menyetujui penunjukan Kantor Akuntan Publik Purwantono, Sungkoro & Surja (firma anggota
                                                                                          jaringan Ernst & Young Global Limited) sebagai Kantor Akuntan Publik yang akan melakukan
     02                                                                                   pemeriksaan atas Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir
                                                                                          tanggal 31 Desember 2025 dan laporan lainnya untuk Tahun Buku 2025;
                                                                                      •   Menyetujui pemberian wewenang dan pelimpahan kuasa kepada Dewan Komisaris Perseroan
                                                                                          untuk melakukan:
    03                                                                                    a. Penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik untuk melakukan pemeriksaan
                                                                                               atas Laporan Keuangan Konsolidasian Perseroan periode lainnya pada Tahun Buku 2025
                                                                                               untuk tujuan dan kepentingan Perseroan; dan
                                                                                          b. Penetapan imbalan jasa audit dan persyaratan lainnya bagi Akuntan Publik dan/atau Kantor
      04                                                                                       Akuntan Publik tersebut, serta menunjuk Akuntan Publik dan/atau Kantor Akuntan Publik
                                                                                               pengganti dalam hal Kantor Akuntan Publik Purwantono, Sungkoro & Surja (firma anggota
                                                                                               jaringan Ernst & Young Global Limited), karena sebab apapun, tidak dapat menyelesaikan
                                                                                               pemberian jasa audit Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2025 dan/
     05                                                                                        atau periode lainnya pada Tahun Buku 2025, termasuk menetapkan imbalan jasa audit dan
                                                Keputusan Mata Acara Rapat
                                                                                               persyaratan lainnya bagi Akuntan Publik dan/atau Kantor Akuntan Publik pengganti tersebut.
                                                Keempat
                                                Resolution of Fourth Meeting Agenda
                                                                                      •   To approve the appointment of Purwantono, Sungkoro & Surja (a member firm of the Ernst
    06                                                                                    & Young Global Limited network) as the Public Accounting Firm to audit the Company’s
                                                                                          Consolidated Financial Statements for the financial year ending December 31, 2025 and other
                                                                                          reports for the 2025 financial year;
                                                                                      •   To approve the granting of authority and delegation of power to the Company’s Board of
                                                                                          Commissioners to:
                                                                                          a. Appoint a Public Accountant and/or Public Accounting Firm to audit the Company’s
                                                                                              Consolidated Financial Statements for other periods within the 2025 financial year for
                                                                                              the Company’s purposes and interests; and
                                                                                          b. determine the audit fees and other requirements for such Public Accountant and/or Public
                                                                                              Accounting Firm, as well as appoint a substitute Public Accountant and/or Public Accounting
                                                                                              Firm in the event that Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young
                                                                                              Global Limited network), for any reason, is unable to complete the audit of the Company’s
                                                                                              Consolidated Financial Statements for the 2025 financial year and/or other periods within
                                                                                              the 2025 financial year, including determining the audit fees and other requirements for
                                                                                              such substitute Public Accountant and/or Public Accounting Firm.
Tata Kelola Perusahaan - Corporate Governance




                                                                                      Berdasarkan kuasa dan wewenang yang diberikan dan dilimpahkan oleh RUPS, Dewan Komisaris
                                                                                      Perseroan telah menyetujui penunjukan Akuntan Publik Ronny Stewart dan Kantor Akuntan Publik
                                                                                      (KAP) Purwanto, Susanti, dan Surja untuk melakukan pemeriksaan atas Laporan Keuangan tahun
                                                Realisasi                             buku yang berakhir tanggal 31 Desember 2025.
                                                Realization                           Based on the power and authority granted and delegated by the GMS, the Company's Board of
                                                                                      Commissioners has approved the appointment of Public Accountant Ronny Stewart and Public
                                                                                      Accounting Firm (KAP) Purwanto, Susanti, dan Surja to conduct an examination of the Financial
                                                                                      Statements for the financial year ending December 31, 2025.



                                                Mata Acara Rapat Kelima
                                                Fifth Meeting Agenda

                                                Mata Acara                            Pertanggungjawaban Realisasi Penggunaan Dana Hasil Penawaran Umum.
                                                Agenda                                Accountability Report on the Realization of the Use of Proceeds from the Public Offering.

                                                Jumlah Pemegang Saham yang
                                                                                      Oleh karena Mata Acara Kelima Rapat hanya bersifat laporan, maka tidak dilakukan sesi tanya
                                                mengajukan pertanyaan dan/atau
                                                                                      jawab maupun pengambilan keputusan.
                                                memberikan pendapat
                                                                                      As the Fifth Agenda of the Meeting was for reporting purposes only, no question-and-answer
                                                Number of Shareholders who asked
                                                                                      session or resolution was conducted.
                                                questions and/or gave opinions

                                                                                      •   Perseroan telah melaksanakan Penawaran Umum Terbatas melalui Penambahan Modal Dengan
                                                                                          Hak Memesan Efek Terlebih Dahulu (“PMHMETD”) pada Januari 2025.
                                                                                      •   Dari hasil pelaksanaan PMHMETD tersebut, Perseroan memperoleh hasil senilai
                                                                                          Rp429,293,503,896 yang terdiri dari Penambahan Penyertaan Modal Non-Tunai dari PT
                                                                                          Garuda Indonesia (Persero) Tbk selaku pemegang saham pengendali yaitu bangunan hangar
                                                                                          dan bangunan penunjang lainnya senilai Rp418,289,300,000,- serta hasil pelaksanaan HMETD
                                                                                          oleh Pemegang Saham lain senilai Rp11,004,206,290.
                                                                                      •   Sesuai dengan Prospektus, dana tunai yang didapatkan dari pelaksanaan HMETD akan digunakan
                                                                                          untuk pembayaran biaya-biaya emisi dan sisanya akan digunakan untuk kebutuhan operasional
                                                Laporan Mata Acara Rapat Kelima
                                                                                          Perseroan.
                                                Resolution of the Fifth Meeting
                                                Agenda
                                                                                      •   The Company carried out a Limited Public Offering through a Rights Issue (Pre-emptive Rights)
                                                                                          (“PMHMETD”) in January 2025.
                                                                                      •   From the implementation of the PMHMETD, the Company obtained proceeds amounting to
                                                                                          Rp429,293,503,896, consisting of a Non-Cash Capital Injection from PT Garuda Indonesia
                                                                                          (Persero) Tbk as the controlling shareholder in the form of hangar buildings and other supporting
                                                                                          facilities valued at Rp418,289,300,000, as well as proceeds from the exercise of pre-emptive
                                                                                          rights by other shareholders amounting to Rp11,004,206,290.
                                                                                      •   In accordance with the Prospectus, the cash proceeds obtained from the exercise of HMETD
                                                                                          will be used to pay issuance expenses, with the remainder allocated for the Company’s
                                                                                          operational needs.


198
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                                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Rapat Kelima
Fifth Meeting Agenda

                                     Pemegang Saham melalui RUPS sudah menerima laporan pertanggungjawaban realisasi penggunaan
                                     dana hasil PMHMETD pada Januari 2025, yang digunakan untuk pembayaran biaya-biaya emisi
                                     dan sisanya digunakan untuk kebutuhan operasional Perseroan.
Realisasi
                                     The Shareholders, through the General Meeting of Shareholders, have accepted the accountability
Realization
                                     report on the realization of the use of proceeds from the PMHMETD conducted in January 2025,
                                     which were utilized to pay issuance expenses, with the remainder allocated for the Company’s
                                     operational needs.



                                                        RUPS Luar Biasa
                                                       Extraordinary GMS
Hari/Tanggal              Kamis, 5 Juni 2025
Day/Date                  Thursday, June 5, 2025




                                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Waktu
                          12.47 s/d 13.13 WIB
Time

Tempat                    Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran Bandar Udara
Venue                     International Soekarno-Hatta, Tangerang



                                           Tahapan Pelaksanaan RUPS Luar Biasa
                                         Process in Orgazining the Extraordinary GMS
                                  Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Luar Biasa ke OJK pada tanggal 22 April
Pemberitahuan Penyelenggaraan
                                  2025 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2008/25.
RUPS Kepada OJK
                                  Sending the Notice of Extraordinary General Meeting of Shareholders to OJK on April 22, 2025 through
Notification to Hold GMS to OJK
                                  the Company's CEO letter No. GMF/DT/SPE-2008/25.

                                  Pemasangan Pengumuman RUPS Luar Biasa pada situs web PT Bursa Efek Indonesia, situs web
                                  Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang dipublikasikan
Pengumuman                        pada tanggal 29 April 2025.
Announcement                      Posting of the Announcement of the Extraordinary General Meeting of Shareholders on the website
                                  of the Indonesia Stock Exchange, the Company's website and the eASY.KSEI platform in Bahasa
                                  Indonesia and English published on April 29, 2025.

                                  Pemanggilan RUPS Luar Biasa dilakukan melalui situs web Bursa Efek Indonesia, situs web Perseroan,
                                  serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang dipublikasikan pada
Pemanggilan                       tanggal 14 Mei 2025.
Invitation                        The Invitation to the Extraordinary General Meeting of Shareholders was made through the Indonesia
                                  Stock Exchange website, the Company's website, as well as the eASY.KSEI platform in Indonesian
                                  and English, which published on May 14, 2025.

Penyelenggaraan RUPS              RUPS Luar Biasa diselenggarakan pada tanggal 5 Juni 2025.
GMS Holding                       The Extraordinary General Meeting of Shareholders has held on June 5, 2025.

Pengumuman Ringkasan Risalah      Ringkasan Risalah RUPS Luar Biasa telah dirilis pada tanggal 11 Juni 2025 yang diumumkan melalui
RUPS                              situs web Perseroan dan situs web Bursa Efek Indonesia.
Announcement of GMS Minutes       The Summary of Minutes of the Extraordinary GMS was released on June 11, 2025, which was
Summary                           announced through the Company's website and the Indonesia Stock Exchange website.

Penyampaian Risalah RUPS          Penyampaian Risalah RUPS Luar Biasa kepada OJK pada tanggal 3 Juli 2025 melalui surat Corporate
Kepada OJK                        Secretary & Legal No. GMF/TS/SPE-2019/25.
Submission of GMS Minutes to      Submission of the Minutes of the Extraordinary GMS to OJK on July 3, 2025, through Corporate
OJK                               Secretary & Legal letter No. GMF/TS/SPE-2019/25.


Pada RUPS Luar Biasa yang dilaksanakan tanggal 5                     At the Extraordinary GMS held on June 5, 2025,
Juni 2025, jumlah saham dengan hak suara yang hadir                  the number of shares with voting rights present or
atau diwakili telah memenuhi kuorum dalam RUPS yaitu                 represented has fulfilled the quorum in the GMS, which
sebesar 35,109,726,313 saham atau setara dengan                      is 35,109,726,313 shares or equivalent to 93.4614970%
93.4614970% dari seluruh saham dengan hak suara sah                  of all shares with valid voting rights issued by the
yang telah dikeluarkan oleh Perseroan, yaitu berjumlah               Company, which is 28,233,511,500 shares of Series A
28.233.511.500 saham Seri A dan 9.332.467.476 saham                  and 9,332,467,476 shares of Series B, in accordance
Seri B sesuai dengan Anggaran Dasar Perusahaan.                      with the Company's Articles of Association.




                                                                                                                                         199
Page 200
       01

                                                                                                   Kehadiran RUPS Luar Biasa
     02                                                                                        Attendees of the Extraordinary GMS
                                                                               Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
                                                                               menghadiri RUPS.
                                                                               All members of the Board of Commissioners who served until the Annual GMS attended the GMS.
    03                                                                         • Dharmadi
                                                                                    Komisaris Utama/Komisaris Independen | President Commissioner/Independent Commissioner
                                                                               • Rahmat Hanafi
                                                 Dewan Komisaris
                                                                                    Komisaris | Commissioner
      04                                         Board of Commissioners
                                                                               • Ali Gunawan
                                                                                    Komisaris Independen | Independent Commissioner
                                                                               • Abhan
     05                                                                             Komisaris Independen | Independent Commissioner
                                                                               • Agit Atriantio
                                                                                    Komisaris Independen | Independent Commissioner

                                                                               Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri RUPS.
    06                                                                         All members of the Board of Directors who served until the Annual GMS attended the GMS.
                                                                               • Andi Fahrurrozi
                                                                                    Direktur Utama | CEO
                                                                               • Salusra Satria
                                                 Direksi                            Direktur Keuangan | Director of Finance
                                                 Board of Directors            • Pudjo Sarwoko
                                                                                    Direktur Human Capital & Corporate Affairs | Director of Human Capital & Corporate Affairs
                                                                               • Mukhtaris
                                                                                    Direktur Line Operation | Director of Line Operation
                                                                               • Irvan Pribadi
                                                                                    Direktur Base Operation | Director of Base Operation

                                                                               Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan penyelenggaraan
                                                                               RUPS Tahunan menghadiri RUPS.
Tata Kelola Perusahaan - Corporate Governance




                                                                               The Chairman of the Audit and Corporate Governance Policy Committee who served until the Annual
                                                 Komite Audit
                                                                               GMS attended the GMS.
                                                 Audit Committee
                                                                               • Ali Gunawan
                                                                                   Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan | Chairman of the Audit and Corporate
                                                                                   Governance Policy Committe

                                                                               Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
                                                 Komite Nominasi dan           menghadiri RUPS.
                                                 Remunerasi                    The Chairman of Nomination and Remuneration Committee who served until the Annual GMS attended
                                                 Nomination and Remuneration   the GMS.
                                                 Committee                     • Dharmadi
                                                                                   Ketua Komite Nominasi dan Remunerasi | Chairman of the Nomination and Remuneration Committee

                                                                               •   Shanti Indah Lestari, S.H., M.Kn., sebagai Notaris/as the Notary;
                                                 Pihak Independen              •   PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration Bureau;
                                                 Independent Party             •   Kantor Akuntan Publik Rintis, Jumadi, Rianto dan Rekan sebagai Kantor Akuntan Publik/as the Public
                                                                                   Account.

                                                 Mekanisme Penghitungan
                                                                               Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
                                                 Suara
                                                                               The voting process at each agenda was done by the Notary.
                                                 Voting Mechanism



                                                Hasil Keputusan RUPS Luar Biasa telah dituangkan                      The resolutions of the Extraordinary GMS have been
                                                melalui akta Berita Acara RUPS Luar Biasa No. 4 Tanggal               set forth in the deed of Minutes of EGMS No. 4 dated
                                                5 Juni 2025 yang dibuat di hadapan Notaris Shanti Indah               June 5, 2025 made before Notary Shanti Indah Lestari,
                                                Lestari, S.H., M.Kn., di Kabupaten Tangerang.                         S.H., M.Kn., in Tangerang Regency.




200
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                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Rapat dan Keputusannya                                Meeting Agenda, Resolutions, and
serta Tindak Lanjut                                              Follow-up Status

Mata Acara Tunggal
Single Meeting Agenda

Mata Acara                     Perubahan Susunan Pengurus Perseroan.
Agenda                         Changes in the Composition of the Company's Management.

Jumlah Pemegang Saham yang
Mengajukan Pertanyaan dan/     Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa Pemegang
atau Memberikan Pendapat       Saham.
Shareholders Who Raised        There were no questions or opinions raised by Shareholders or Shareholders' proxies.
Questions and/Or Gave Their
Opinions


Hasil Pemungutan Suara
                                                  Setuju                Tidak Setuju               Abstain




                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Voting Results                                    Agreed                 Disagreed                 Absent
                                               35.109.175.891              250.622                  299.800
                                              (99,9984323%)             (0,0007138%)             (0,0008539%)

                               •   Menyetujui untuk memberhentikan nama-nama tersebut di bawah ini yang berlaku efektif sejak
                                   ditutupnya Rapat Umum Pemegang Saham Luar Biasa ini dengan ucapan terima kasih atas
                                   sumbangan tenaga dan pikiran yang diberikan selama memangku jabatan tersebut:
                                   a. Bapak Dharmadi sebagai Komisaris Utama merangkap Komisaris Independen yang diangkat
                                       pada Rapat Umum Pemegang Saham Tahunan tanggal 28 Juni 2023
                                   b. Bapak Rahmat Hanafi sebagai Komisaris yang diangkat pada Rapat Umum Pemegang Saham
                                       Tahunan tanggal 28 Juni 2023
                                   c. Bapak Ali Gunawan sebagai Komisaris Independen yang diangkat pada Rapat Umum Pemegang
                                       Saham Tahunan tanggal 28 Juni 2024
                                   d. Bapak Abhan sebagai Komisaris Independen yang diangkat pada Rapat Umum Pemegang
                                       Saham Tahunan tanggal 28 Juni 2023
                                   e. Bapak Agit Atriantio sebagai Komisaris Independen yang diangkat pada Rapat Umum Pemegang
                                       Saham Tahunan tanggal 28 Juni 2024
                                   f. Bapak Pudjo Sarwoko sebagai Direktur Human Capital & Corporate Affairs yang diangkat pada
                                       Rapat Umum Pemegang Saham Tahunan tanggal 28 Juni 2023
                                   g. Bapak Salusra Satria sebagai Direktur Keuangan yang diangkat pada Rapat Umum Pemegang
                                       Saham Tahunan tanggal 02 September 2022
Keputusan Mata Acara Tunggal       h. Bapak Mukhtaris sebagai Direktur Line Operation yang diangkat pada Rapat Umum Pemegang
Resolution of Single Meeting           Saham Tahunan tanggal 02 September 2022
Agenda                             i. Bapak Irvan Pribadi sebagai Direktur Base Operation yang diangkat pada Rapat Umum Pemegang
                                       Saham Tahunan tanggal 28 Juni 2023
                               •   Menyetujui untuk merubah nomenklatur Direktur Human Capital & Corporate Affairs menjadi
                                   Direktur Sumber Daya Manusia, dan Direktur Base Operation menjadi Direktur Base Management.
                               •   Menyetujui untuk mengangkat nama di bawah ini yang berlaku efektif sejak ditutupnya RUPS ini
                                   sebagai berikut:
                                   a. Bapak Oki Yanuar sebagai Komisaris Utama
                                   b. Bapak Dean Arslan sebagai Komisaris Independen
                                   c. Bapak Giring Ganesha Djumaryo sebagai Komisaris
                                   d. Bapak Bobi Gumelar sebagai Direktur Base Management
                                   e. Bapak Mukhtaris sebagai Direktur Line Operation
                                   f. Ibu Mitra Piranti sebagai Direktur Sumber Daya Manusia
                                   g. Bapak Tri Hartono sebagai Direktur Keuangan
                               •   Masa jabatan anggota-anggota Komisaris dan Direksi yang diangkat sebagaimana dimaksud pada
                                   angka 3, sesuai dengan ketentuan Anggaran Dasar Perseroan, dengan memperhatikan peraturan
                                   perundang-undangan di bidang Pasar Modal dan tanpa mengurangi hak Rapat Umum Pemegang
                                   Saham untuk memberhentikan sewaktu-waktu.
                               •   Dengan memperhatikan keputusan pada butir 1, 2 dan 3 di atas maka susunan Dewan Komisaris
                                   dan Direksi Perseroan terhitung sejak ditutupnya RUPS Perseroan menjadi sebagai berikut:




                                                                                                                                   201
Page 202
       01
                                                Mata Acara Tunggal
                                                Single Meeting Agenda
     02
                                                                            Dewan Komisaris
                                                                            Komisaris Utama : Sdr. Oki Yanuar
                                                                            Komisaris Independen : Sdr. Dean Arslan
    03                                                                      Komisaris : Sdr. Giring Ganesha Djumaryo

                                                                            Direksi
                                                                            Direktur Utama : Sdr. Andi Fahrurrozi
      04                                                                    Direktur Line Operation : Sdr. Mukhtaris
                                                                            Direktur Base Management : Sdr. Bobi Gumelar
                                                                            Direktur Keuangan : Sdr. Tri Hartono
                                                                            Direktur Sumber Daya Manusia : Sdri. Mitra Piranti
     05
                                                                        •   Anggota Komisaris/Direksi yang diangkat sebagaimana butir 5 yang masih menjabat ada jabatan
                                                                            lain yang dilarang atau peraturan perundang-undangan untuk dirangkap dengan jabatan Anggota
    06                                                                      Komisaris atau Direksi maka yang bersangkutan harus mengundurkan diri atau diberhentikan dari
                                                                            jabatannya tersebut.
                                                                        •   Menyetujui pembagian tugas dan wewenang setiap anggota Direksi Perseroan ditetapkan
                                                                            berdasarkan keputusan Direksi Perseroan setelah mendapat persetujuan tertulis dari Dewan
                                                                            Komisaris Perseroan.
                                                                        •   Memberikan kuasa dan kewenangan kepada masing-masing Direksi Perseroan dengan hak
                                                                            substitusi untuk menyatakan dalam akta Notaris tersendiri, hasil keputusan Rapat sehubungan
                                                                            dengan perubahan Dewan Komisaris dan Direksi Perseroan dan melakukan Pemberitahuan dan/
                                                                            atau pendaftaran mengenai perubahan susunan anggota Dewan Komisaris dan Direksi Perseroan.

                                                                        •   To approve the dismissal of the following individuals, effective as of the closing of this Extraordinary
                                                                            General Meeting of Shareholders, with appreciation for their contributions during their tenure:
                                                                            a. Mr. Dharmadi as President Commissioner concurrently Independent Commissioner, appointed
                                                                                at the Annual General Meeting of Shareholders on June 28, 2023
                                                                            b. Mr. Rahmat Hanafi as Commissioner, appointed at the Annual General Meeting of Shareholders
Tata Kelola Perusahaan - Corporate Governance




                                                                                on June 28, 2023
                                                                            c. Mr. Ali Gunawan as Independent Commissioner, appointed at the Annual General Meeting of
                                                                                Shareholders on June 28, 2024
                                                                            d. Mr. Abhan as Independent Commissioner, appointed at the Annual General Meeting of
                                                                                Shareholders on June 28, 2023
                                                                            e. Mr. Agit Atriantio as Independent Commissioner, appointed at the Annual General Meeting of
                                                                                Shareholders on June 28, 2024
                                                                            f. Mr. Pudjo Sarwoko as Director of Human Capital & Corporate Affairs, appointed at the Annual
                                                                                General Meeting of Shareholders on June 28, 2023
                                                                            g. Mr. Salusra Satria as Finance Director, appointed at the Annual General Meeting of Shareholders
                                                                                on September 2, 2022
                                                                            h. Mr. Mukhtaris as Director of Line Operation, appointed at the Annual General Meeting of
                                                                                Shareholders on September 2, 2022
                                                                            i. Mr. Irvan Pribadi as Director of Base Operation, appointed at the Annual General Meeting of
                                                                                Shareholders on June 28, 2023
                                                                        •   To approve the change in nomenclature of positions: Director of Human Capital & Corporate
                                                                            Affairs to Director of Human Capital, Director of Base Operation to Director of Base Management.
                                                                        •   To approve the appointment of the following individuals, effective as of the closing of this GMS:
                                                                            a. Mr. Oki Yanuar as President Commissioner
                                                                            b. Mr. Dean Arslan as Independent Commissioner
                                                                            c. Mr. Giring Ganesha Djumaryo as Commissioner
                                                                            d. Mr. Bobi Gumelar as Director of Base Management
                                                                            e. Mr. Mukhtaris as Director of Line Operation
                                                                            f. Mrs. Mitra Piranti as Director of Human Capital
                                                                            g. Mr. Tri Hartono as Finance Director
                                                                        •   The term of office of the appointed members of the Board of Commissioners and the Board of
                                                                            Directors as referred to in point 3 shall be in accordance with the Company’s Articles of Association,
                                                                            taking into account prevailing capital market regulations, without prejudice to the right of the
                                                                            General Meeting of Shareholders to dismiss them at any time.
                                                                        •   With due regard to the resolutions in points 1, 2, and 3 above, the composition of the Company’s
                                                                            Board of Commissioners and Board of Directors as of the closing of the GMS shall be as follows:




202
Page 203
                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Tunggal
Single Meeting Agenda

                                      Board of Commissioners
                                      President Commissioner : Mr. Oki Yanuar
                                      Independent Commissioner : Mr. Dean Arslan
                                      Commissioner : Mr. Giring Ganesha Djumaryo

                                      Board of Directors
                                      President Director : Mr. Andi Fahrurrozi
                                      Director of Line Operation : Mr. Mukhtaris
                                      Director of Base Management : Mr. Bobi Gumelar
                                      Director of Finance: Mr. Tri Hartono
                                      Director of Human Capital : Mrs. Mitra Piranti

                                  •   If any member of the Board of Commissioners/Board of Directors appointed as referred to in point
                                      5 concurrently holds another position that is prohibited by laws and regulations from being held
                                      simultaneously with the position of Commissioner or Director, the concerned individual must resign




                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                      from or be dismissed from such position.
                                  •   To approve that the division of duties and authority of each member of the Company’s Board
                                      of Directors shall be determined based on a resolution of the Board of Directors after obtaining
                                      written approval from the Board of Commissioners.
                                  •   To grant authority and power to each member of the Company’s Board of Directors, with the
                                      right of substitution, to state the resolutions of the Meeting in a separate notarial deed in relation
                                      to changes in the composition of the Board of Commissioners and the Board of Directors of the
                                      Company, and to carry out notification and/or registration of such changes.

                                  Telah dituangkan dalam Akta Pernyataan Keputusan Rapat PT Garuda Maintenance Facility Aero Asia
                                  Tbk Nomor 5 tanggal 5 Juni 2025 yang telah mendapatkan Penerimaan Pemberitahuan Perubahan
Realisasi                         Data Perseroan No. AHU.AH.01.09-0298833 tanggal 16 Juni 2025.
Realization                       This has been set forth in the Deed of Statement of Meeting Resolutions of PT Garuda Maintenance
                                  Facility Aero Asia Tbk No. 5 dated June 5, 2025, which has received the Acknowledgement of Receipt
                                  of Notification of Changes to Company Data No. AHU.AH.01.09-0298833 dated June 16, 2025.



                                                          RUPS Luar Biasa
                                                         Extraordinary GMS
Hari/Tanggal                      Jumat, 26 September 2025
Day/Date                          Friday, September 26, 2025

Waktu
                                  20.16 s/d 20.39 WIB
Time

Tempat                            Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran Bandar
Venue                             Udara International Soekarno-Hatta, Tangerang



                                           Tahapan Pelaksanaan RUPS Luar Biasa
                                         Process in Orgazining the Extraordinary GMS
                                  Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Luar Biasa ke OJK pada tanggal 13 Agustus
Pemberitahuan Penyelenggaraan
                                  2025 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2016/25.
RUPS Kepada OJK
                                  Sending the Notice of Extraordinary General Meeting of Shareholders to OJK on August 13, 2025
Notification to Hold GMS to OJK
                                  through the Company's CEO letter No. GMF/DT/SPE-2016/25.

                                  Pemasangan Pengumuman RUPS Luar Biasa pada situs web PT Bursa Efek Indonesia, situs web
                                  Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang dipublikasikan
Pengumuman                        pada tanggal 20 Agustus 2025.
Announcement                      Posting of the Announcement of the Extraordinary General Meeting of Shareholders on the website
                                  of the Indonesia Stock Exchange, the Company's website and the eASY.KSEI platform in Bahasa
                                  Indonesia and English published on August 20, 2025.

                                  Pemanggilan RUPS Luar Biasa dilakukan melalui situs web Bursa Efek Indonesia, situs web Perseroan,
                                  serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang dipublikasikan pada
Pemanggilan                       tanggal 4 September 2025.
Invitation                        The Invitation to the Extraordinary General Meeting of Shareholders was made through the Indonesia
                                  Stock Exchange website, the Company's website, as well as the eASY.KSEI platform in Indonesian
                                  and English, which published on September 4, 2025.

Penyelenggaraan RUPS              RUPS Luar Biasa diselenggarakan pada tanggal 26 September 2025.
GMS Holding                       The Extraordinary General Meeting of Shareholders has held on September 26, 2025.

Pengumuman Ringkasan Risalah      Ringkasan Risalah RUPS Luar Biasa telah dirilis pada tanggal 30 September 2025 yang diumumkan
RUPS                              melalui situs web Perseroan dan situs web Bursa Efek Indonesia.
Announcement of GMS Minutes       The Summary of Minutes of the Extraordinary GMS was released on September 30, 2025, which was
Summary                           announced through the Company's website and the Indonesia Stock Exchange website.



                                                                                                                                               203
Page 204
       01

                                                                                            Tahapan Pelaksanaan RUPS Luar Biasa
     02                                                                                   Process in Orgazining the Extraordinary GMS
                                                 Penyampaian Risalah RUPS          Penyampaian Risalah RUPS Luar Biasa kepada OJK pada tanggal 23 Oktober 2025 melalui surat
                                                 Kepada OJK                        Corporate Secretary & Legal No. GMF/TS/SPE-2028/25.
                                                 Submission of GMS Minutes to      Submission of the Minutes of the Extraordinary GMS to OJK on October 23, 2025, through Corporate
    03                                           OJK                               Secretary & Legal letter No. GMF/TS/SPE-2028/25.


                                                Pada RUPS Luar Biasa yang dilaksanakan tanggal                        At the Extraordinary GMS held on September 26, 2025,
      04
                                                26 September 2025, jumlah saham dengan hak suara yang                 the number of shares with voting rights present or
                                                hadir atau diwakili telah memenuhi kuorum dalam RUPS                  represented has fulfilled the quorum in the GMS, which
                                                yaitu sebesar 34,791,375,530 saham atau setara dengan                 is 34,791,375,530 shares or equivalent to 92.6140526%
     05                                         92.6140526% dari seluruh saham dengan hak suara sah                   of all shares with valid voting rights issued by the
                                                yang telah dikeluarkan oleh Perseroan, yaitu berjumlah                Company, which is 28,233,511,500 shares of Series A
                                                28.233.511.500 saham Seri A dan 9.332.467.476 saham                   and 9,332,467,476 shares of Series B, in accordance
    06                                          Seri B sesuai dengan Anggaran Dasar Perusahaan.                       with the Company's Articles of Association.


                                                                                                   Kehadiran RUPS Luar Biasa
                                                                                               Attendees of the Extraordinary GMS
                                                                               Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
                                                                               menghadiri RUPS.
                                                                               All members of the Board of Commissioners who served until the Annual GMS attended the GMS.
                                                 Dewan Komisaris
                                                                               • Oki Yanuar
                                                 Board of Commissioners
                                                                                    Komisaris Utama/Komisaris Independen | President Commissioner/Independent Commissioner
                                                                               • Dean Arslan
                                                                                    Komisaris Independen | Independent Commissioner

                                                                               Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri RUPS.
Tata Kelola Perusahaan - Corporate Governance




                                                                               All members of the Board of Directors who served until the Annual GMS attended the GMS.
                                                                               • Andi Fahrurrozi
                                                                                    Direktur Utama | CEO
                                                 Direksi                       • Tri Hartono
                                                 Board of Directors                 Direktur Keuangan | Director of Finance
                                                                               • Mitra Piranti
                                                                                    Direktur Sumber Daya Manusia | Director of Human Capital
                                                                               • Bobi Gumelar Raspati
                                                                                    Direktur Base Management | Director of Base Management

                                                                               Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan penyelenggaraan
                                                                               RUPS Tahunan menghadiri RUPS.
                                                                               The Chairman of the Audit and Corporate Governance Policy Committee who served until the Annual
                                                 Komite Audit
                                                                               GMS attended the GMS.
                                                 Audit Committee
                                                                               • Dean Arslan
                                                                                   Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan | Chairman of the Audit and Corporate
                                                                                   Governance Policy Committe

                                                                               Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
                                                 Komite Nominasi dan           menghadiri RUPS.
                                                 Remunerasi                    The Chairman of Nomination and Remuneration Committee who served until the Annual GMS attended
                                                 Nomination and Remuneration   the GMS.
                                                 Committee                     • Dean Arslan
                                                                                   Ketua Komite Nominasi dan Remunerasi | Chairman of the Nomination and Remuneration Committee

                                                 Pihak Independen              •   Shanti Indah Lestari, S.H., M.Kn., sebagai Notaris/as the Notary;
                                                 Independent Party             •   PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration Bureau.

                                                 Mekanisme Penghitungan
                                                                               Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
                                                 Suara
                                                                               The voting process at each agenda was done by the Notary.
                                                 Voting Mechanism


                                                Hasil Keputusan RUPS Luar Biasa telah dituangkan                      The resolutions of the Extraordinary GMS have been
                                                melalui akta Berita Acara RUPS Luar Biasa No. 5                       set forth in the deed of Minutes of EGMS No. 5 dated
                                                Tanggal 26 September 2025 yang dibuat di hadapan                      September 26, 2025 made before Notary Shanti Indah
                                                Notaris Shanti Indah Lestari, S.H., M.Kn., di Kabupaten               Lestari, S.H., M.Kn., in Tangerang Regency.
                                                Tangerang.




204
Page 205
                                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Rapat dan Keputusannya                                     Meeting Agenda, Resolutions, and
serta Tindak Lanjut                                                   Follow-up Status

Mata Acara Tunggal
Single Meeting Agenda

Mata Acara                            Perubahan Susunan Pengurus Perseroan.
Agenda                                Changes in the Composition of the Company's Management.

Jumlah Pemegang Saham yang
                                      Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
Mengajukan Pertanyaan dan/atau
                                      Pemegang Saham.
Memberikan Pendapat
                                      There were no questions or opinions raised by Shareholders or Shareholders' proxies.
Shareholders Who Raised Questions
and/Or Gave Their Opinions


Hasil Pemungutan Suara
                                                       Setuju                Tidak Setuju                 Abstain
Voting Results                                         Agreed                 Disagreed                   Absent




                                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                     34.791.112.872              250.622                   12.036
                                                    (99,9992450%)             (0,0007204%)             (0,0000346%)

                                      •   Menyetujui pengukuhan pengunduran diri Sdr. Mukhtaris dari jabatannya selaku Direktur Line
                                          Operation Perseroan berdasarkan surat pengunduran diri tanggal 30 Juni 2025, dengan ucapan
                                          terima kasih atas pengabdiannya selama memangku jabatan tersebut.
                                      •   Menyetujui untuk pengangkatan nama-nama tersebut di bawah ini sebagai Pengurus Perseroan:
                                          a. Sdr. Endang Tardiana sebagai Direktur Line Operation; b. Sdr. Sugiharto Prapto sebagai
                                          Komisaris.
                                      •   Dengan memperhatikan keputusan pada butir 1 dan 2 di atas maka susunan Dewan Komisaris
                                          dan Direksi Perseroan terhitung sejak ditutupnya RUPS Perseroan menjadi sebagai berikut:

                                          Dewan Komisaris
                                          Komisaris Utama/Independen : Sdr. Oki Yanuar
                                          Komisaris Independen : Sdr. Dean Arslan
                                          Komisaris : Sdr. Giring Ganesha Djumaryo
                                          Komisaris : Sdr. Sugiharto Prapto
Keputusan Mata Acara Tunggal
Resolution of Single Meeting Agenda
                                          Direksi
                                          Direktur Utama : Sdr. Andi Fahrurrozi
                                          Direktur Base Management : Sdr. Bobi Gumelar Raspati
                                          Direktur Sumber Daya Manusia : Sdri. Mitra Piranti
                                          Direktur Keuangan : Sdr. Tri Hartono
                                          Direktur Line Operation : Sdr. Endang Tardiana

                                      •   Menyetujui pembagian tugas dan wewenang setiap anggota Direksi Perseroan ditetapkan
                                          berdasarkan keputusan Direksi Perseroan setelah mendapat persetujuan tertulis dari Dewan
                                          Komisaris Perseroan.
                                      •   Memberikan kuasa dan kewenangan kepada masing-masing Direksi Perseroan dengan hak
                                          substitusi untuk menyatakan dalam akta Notaris tersendiri, hasil keputusan Rapat sehubungan
                                          dengan perubahan Dewan Komisaris dan Direksi Perseroan dan melakukan pemberitahuan dan/
                                          atau pendaftaran mengenai perubahan susunan anggota Dewan Komisaris dan Direksi Perseroan.




                                                                                                                                        205
Page 206
       01
                                                                                     •   To approve the ratification of the resignation of Mr. Mukhtaris from his position as Director
                                                                                         of Line Operation of the Company based on his resignation letter dated June 30, 2025, with
     02                                                                                  appreciation for his service during his tenure.
                                                                                     •   To approve the appointment of the following individuals as members of the Company’s
                                                                                         management: a. Mr. Endang Tardiana as Director of Line Operation; b. Mr. Sugiharto Prapto
                                                                                         as Commissioner.
    03                                                                               •   With due regard to the resolutions in points 1 and 2 above, the composition of the Company’s
                                                                                         Board of Commissioners and Board of Directors as of the closing of the GMS shall be as follows:

      04                                                                                 Board of Commissioners
                                                                                         President Commissioner/Independent : Mr. Oki Yanuar
                                                                                         Independent Commissioner : Mr. Dean Arslan
                                                                                         Commissioner : Mr. Giring Ganesha Djumaryo
     05                                                                                  Commissioner : Mr. Sugiharto Prapto

                                                                                         Board of Directors
                                                                                         President Director : Mr. Andi Fahrurrozi
    06                                                                                   Director of Base Management : Mr. Bobi Gumelar Raspati
                                                                                         Director of Human Capital : Mrs. Mitra Piranti
                                                                                         Director of Finance: Mr. Tri Hartono
                                                                                         Director of Line Operation : Mr. Endang Tardiana

                                                                                     •   To approve that the division of duties and authority of each member of the Company’s Board
                                                                                         of Directors shall be determined based on a resolution of the Board of Directors after obtaining
                                                                                         written approval from the Board of Commissioners.
                                                                                     •   To grant authority and power to each member of the Company’s Board of Directors, with the
                                                                                         right of substitution, to state the resolutions of the Meeting in a separate notarial deed in relation
                                                                                         to changes in the composition of the Board of Commissioners and the Board of Directors of
                                                                                         the Company, and to carry out notification and/or registration of such changes.

                                                                                     Telah dituangkan dalam Akta Pernyataan Keputusan Rapat PT Garuda Maintenance Facility Aero
                                                                                     Asia Tbk Nomor 6 tanggal 26 September 2025 yang telah mendapatkan Penerimaan Pemberitahuan
Tata Kelola Perusahaan - Corporate Governance




                                                                                     Perubahan Data Perseroan dari Kementerian Hukum Republik Indonesia No. AHU.AH.01.09-0347084
                                                Realisasi                            tanggal 7 Oktober 2025.
                                                Realization                          This has been set forth in the Deed of Statement of Meeting Resolutions of PT Garuda Maintenance
                                                                                     Facility Aero Asia Tbk No. 6 dated September 26, 2025, which has received the Acknowledgement
                                                                                     of Receipt of Notification of Changes to Company Data No. AHU.AH.01.09-0347084 dated October
                                                                                     7, 2025.



                                                                                                          RUPS Luar Biasa
                                                                                                         Extraordinary GMS
                                                Hari/Tanggal               Kamis, 24 Oktober 2025
                                                Day/Date                   Thursday, October 24, 2025

                                                Waktu
                                                                           14.35 s/d 15.14 WIB
                                                Time

                                                Tempat                     Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran Bandar Udara
                                                Venue                      International Soekarno-Hatta, Tangerang



                                                                                           Tahapan Pelaksanaan RUPS Luar Biasa
                                                                                         Process in Orgazining the Extraordinary GMS
                                                                                  Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Luar Biasa ke OJK pada tanggal 10 Agustus
                                                Pemberitahuan Penyelenggaraan
                                                                                  2025 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2022/25.
                                                RUPS Kepada OJK
                                                                                  Sending the Notice of Extraordinary General Meeting of Shareholders to OJK on August 10, 2025
                                                Notification to Hold GMS to OJK
                                                                                  through the Company's CEO letter No. GMF/DT/SPE-2022/25.

                                                                                  Pemasangan Pengumuman RUPS Luar Biasa pada situs web PT Bursa Efek Indonesia, situs web
                                                                                  Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang dipublikasikan
                                                Pengumuman                        pada tanggal 17 September 2025.
                                                Announcement                      Posting of the Announcement of the Extraordinary General Meeting of Shareholders on the website of
                                                                                  the Indonesia Stock Exchange, the Company's website and the eASY.KSEI platform in Bahasa Indonesia
                                                                                  and English published on September 17, 2025.

                                                                                  Pemanggilan RUPS Luar Biasa dilakukan melalui situs web Bursa Efek Indonesia, situs web Perseroan,
                                                                                  serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang dipublikasikan pada
                                                Pemanggilan                       tanggal 2 Oktober 2025.
                                                Invitation                        The Invitation to the Extraordinary General Meeting of Shareholders was made through the Indonesia
                                                                                  Stock Exchange website, the Company's website, as well as the eASY.KSEI platform in Indonesian
                                                                                  and English, which published on October 2, 2025.

                                                Penyelenggaraan RUPS              RUPS Luar Biasa diselenggarakan pada tanggal 24 Oktober 2025.
                                                GMS Holding                       The Extraordinary General Meeting of Shareholders has held on October 24, 2025.


206
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                                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Pengumuman Ringkasan           Ringkasan Risalah RUPS Luar Biasa telah dirilis pada tanggal 28 Oktober 2025 yang diumumkan melalui
Risalah RUPS                   situs web Perseroan dan situs web Bursa Efek Indonesia.
Announcement of GMS Minutes    The Summary of Minutes of the Extraordinary GMS was released on October 28, 2025, which was
Summary                        announced through the Company's website and the Indonesia Stock Exchange website.

Penyampaian Risalah RUPS       Penyampaian Risalah RUPS Luar Biasa kepada OJK pada tanggal 26 November 2025 melalui surat
Kepada OJK                     Corporate Secretary & Legal No. GMF/TS/SPE-2029/25.
Submission of GMS Minutes to   Submission of the Minutes of the Extraordinary GMS to OJK on November 26, 2025, through Corporate
OJK                            Secretary & Legal No. GMF/TS/SPE-2029/25.



Pada RUPS Luar Biasa yang dilaksanakan tanggal 24                  At the Extraordinary GMS held on October 24, 2025,
Oktober 2025, jumlah saham dengan hak suara yang                   the number of shares with voting rights present or
hadir atau diwakili telah memenuhi kuorum dalam RUPS               represented has fulfilled the quorum in the GMS, which
yaitu sebesar 34,799,649,836 saham atau setara dengan              is 34,799,649,836 shares or equivalent to 92,6360787%
92,6360787% dari seluruh saham dengan hak suara sah                of all shares with valid voting rights issued by the




                                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
yang telah dikeluarkan oleh Perseroan, yaitu berjumlah             Company, which is 28,233,511,500 shares of Series A
28.233.511.500 saham Seri A dan 9.332.467.476 saham                and 9,332,467,476 shares of Series B, in accordance
Seri B sesuai dengan Anggaran Dasar Perusahaan.                    with the Company's Articles of Association.


                                               Kehadiran RUPS Luar Biasa
                                           Attendees of the Extraordinary GMS
                           Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
                           menghadiri RUPS.
                           All members of the Board of Commissioners who served until the Annual GMS attended the GMS.
                           • Dharmadi
                                Komisaris Utama/Komisaris Independen | President Commissioner/Independent Commissioner
Dewan Komisaris
                           • Dean Arslan
Board of Commissioners
                                Komisaris Independen | Independent Commissioner
                           • Giring Ganesha Djumaryo
                                Komisaris | Commissioner
                           • Sugiharto Prapto
                                Komisaris | Commissioner

                           Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri RUPS.
                           All members of the Board of Directors who served until the Annual GMS attended the GMS.
                           • Andi Fahrurrozi
                                Direktur Utama | CEO
                           • Tri Hartono
Direksi                         Direktur Keuangan | Director of Finance
Board of Directors         • Mitra Piranti
                                Direktur Sumber Daya Manusia | Director of Human Capital
                           • Endang Tardiana
                                Direktur Line Operation | Director of Line Operation
                           • Bobi Gumelar Raspati
                                Direktur Base Management | Director of Base Management

                           Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan penyelenggaraan
                           RUPS Tahunan menghadiri RUPS.
                           The Chairman of the Audit and Corporate Governance Policy Committee who served until the Annual
Komite Audit
                           GMS attended the GMS.
Audit Committee
                           • Dean Arslan
                               Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan | Chairman of the Audit and Corporate
                               Governance Policy Committe

                           Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
Komite Nominasi dan        menghadiri RUPS.
Remunerasi                 The Chairman of Nomination and Remuneration Committee who served until the Annual GMS attended
Nomination          and    the GMS.
Remuneration Committee     • Dean Arslan
                               Ketua Komite Nominasi dan Remunerasi | Chairman of the Nomination and Remuneration Committee

                           •   Shanti Indah Lestari, S.H., M.Kn., sebagai Notaris/as the Notary;
                           •   PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration Bureau;
Pihak Independen           •   Kantor Akuntan Publik Purwanto, Susanti dan Surja sebagai Kantor Akuntan Publik/as the Public Account;
Independent Party          •   TnP Law Firm sebagai Konsultan Hukum Perseroan/as the Legal Consultant of the Company;
                           •   PT BRI Danareksa Sekuritas sebagai Konsultan Transaksi/as the Transaction Consultant;
                           •   Kantor Jasa Penilai Publik Ruky, Safrudin dan Rekan sebagai Penilai/as Assessor.

Mekanisme Penghitungan
                           Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
Suara
                           The voting process at each agenda was done by the Notary.
Voting Mechanism



                                                                                                                                        207
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       01

                                                Hasil Keputusan RUPS Luar Biasa telah dituangkan                   The resolutions of the Extraordinary GMS have been
     02                                         melalui akta Berita Acara RUPS Luar Biasa No. 8 Tanggal            set forth in the deed of Minutes of EGMS No. 8 dated
                                                24 Oktober 2025 yang dibuat di hadapan Notaris Shanti              October 24, 2025 made before Notary Shanti Indah
                                                Indah Lestari, S.H., M.Kn., di Kabupaten Tangerang.                Lestari, S.H., M.Kn., in Tangerang Regency.
    03
                                                                                                                   Meeting Agenda, Resolutions, and
                                                Mata Acara Rapat dan Keputusannya                                  Follow-up Status
      04                                        serta Tindak Lanjut

                                                 Mata Acara Rapat Pertama
                                                 First Meeting Agenda
     05
                                                                               Persetujuan atas rencana Perseroan untuk melakukan Penambahan Modal dengan Memberikan Hak
                                                                               Memesan Efek Terlebih Dahulu (“PMHMETD”) kepada para pemegang saham Perseroan berdasarkan
                                                                               Peraturan Otoritas Jasa Keuangan (“OJK”) Nomor 32/POJK.04/2015 tentang Penambahan Modal
    06                                                                         Perusahaan Terbuka dengan Memberikan Hak Memesan Efek Terlebih Dahulu sebagaimana diubah
                                                                               dengan Peraturan OJK Nomor 14/POJK/04/2019 tentang Perubahan atas Peraturan OJK Nomor 32/
                                                                               POJK.04/2015 tentang Penambahan Modal Perusahaan Terbuka dengan Memberikan Hak Memesan
                                                 Mata Acara
                                                                               Efek Terlebih Dahulu (“POJK 32/2015”).
                                                 Agenda
                                                                               Approval of the Company’s plan to carry out a Capital Increase by Granting Pre-emptive Rights (Rights
                                                                               Issue) (“PMHMETD”) to the Company’s shareholders in accordance with Financial Services Authority
                                                                               Regulation (“OJK”) No. 32/POJK.04/2015 concerning Capital Increase of Public Companies by Granting
                                                                               Pre-emptive Rights, as amended by OJK Regulation No. 14/POJK.04/2019 regarding Amendments to
                                                                               OJK Regulation No. 32/POJK.04/2015 concerning Capital Increase of Public Companies by Granting
                                                                               Pre-emptive Rights (“POJK 32/2015”).

                                                 Jumlah Pemegang Saham yang
                                                 Mengajukan Pertanyaan dan/    Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa Pemegang
                                                 atau Memberikan Pendapat      Saham.
                                                 Shareholders Who Raised       There were no questions or opinions raised by Shareholders or Shareholders' proxies.
Tata Kelola Perusahaan - Corporate Governance




                                                 Questions and/Or Gave Their
                                                 Opinions


                                                 Hasil Pemungutan Suara
                                                                                                   Setuju                Tidak Setuju                 Abstain
                                                 Voting Results                                    Agreed                 Disagreed                   Absent
                                                                                               34.799.649.836
                                                                                                                                0                         0
                                                                                                   (100%)




208
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                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Rapat Pertama
First Meeting Agenda

                               •   Menyetujui rencana Perseroan untuk melakukan PMHMETD dengan cara mengeluarkan sebanyak-
                                   banyaknya 124.269.948.745 (seratus dua puluh empat miliar dua ratus enam puluh sembilan juta
                                   sembilan ratus empat puluh delapan ribu tujuh ratus empat puluh lima) saham Seri B dengan nilai
                                   nominal sebesar Rp25 (dua puluh lima Rupiah) per saham dengan memperhatikan ketentuan
                                   peraturan perundang-undangan di bidang pasar modal, khususnya POJK 32/2015.
                               •   Menyetujui pemberian kewenangan kepada Dewan Komisaris Perseroan dengan hak substitusi
                                   untuk melaksanakan segala tindakan yang diperlukan berkaitan dengan PMHMETD, termasuk
                                   namun tidak terbatas untuk:
                                   a. melakukan peningkatan modal ditempatkan dan disetor Perseroan dengan penerbitan saham-
                                       saham di PMHMETD, serta termasuk tapi tidak terbatas pada (i) menyetujui penetapan
                                       dan penentuan kepastian jumlah saham baru yang diterbitkan dalam PMHMETD, (ii) harga
                                       pelaksanaan Hak Memesan Efek Terlebih Dahulu (”HMETD”) dan (iii) tindakan-tindakan lain
                                       sebagaimana diusulkan oleh Direksi Perseroan sehubungan dengan pelaksanaan PMHMETD,
                                       dengan memperhatikan peraturan perundang-undangan yang berlaku termasuk peraturan
                                       bidang pasar modal; dan
                                   b. menyatakan realisasi jumlah saham yang sesungguhnya telah dikeluarkan sehubungan dengan




                                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                       jumlah peningkatan modal ditempatkan dan disetor setelah PMHMETD selesai dilaksanakan
                                       yaitu pada Pasal 4 ayat 2 dan 3 Anggaran Dasar Perseroan serta melakukan segala tindakan
                                       yang diperlukan sehubungan dengan hal tersebut dengan memperhatikan peraturan perundang-
                                       undangan.
                               •   Menyetujui pemberian kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi
Keputusan Mata Acara Pertama       untuk melaksanakan keputusan-keputusan tersebut di atas dan melakukan segala tindakan yang
Resolution of First Meeting        diperlukan sehubungan dengan pelaksanaan PMHMETD, termasuk namun tidak terbatas untuk:
Agenda                             a. dengan tunduk pada keputusan nomor 2 di atas, (i) menentukan jumlah final saham yang
                                       dikeluarkan dalam rangka PMHMETD; (ii) menentukan harga pelaksanaan dari saham yang
                                       akan dikeluarkan dalam rangka PMHMETD; (iii) dalam peraturan perundangan yang berlaku
                                       atau lembaga pemerintah terkait mempersyaratkan hak atas tanah dari Aset API berupa hak
                                       atas tanah lainnya yang diizinkan menurut peraturan perundang-undangan yang berlaku,
                                       melakukan tindakan-tindakan yang diperlukan sehubungan dengan pelaksanaan PMHMETD
                                       dengan inbreng atas Aset API dengan hak atas tanah yang diizinkan menurut perundang-
                                       undangan yang berlaku dan (iv) tindakan-tindakan lain sebagaimana diperlukan sehubungan
                                       dengan pelaksanaan PMHMETD;
                                   b. menentukan penggunaan dana hasil PMHMETD;
                                   c. mengajukan dan menandatangani Pernyataan Pendaftaran kepada OJK (untuk PMHMETD),
                                       termasuk menerbitkan, mencetak, dan menandatangani seluruh dokumen yang diperlukan
                                       dalam rangka PMHMETD, termasuk tetapi tidak terbatas pada perjanjian yang dibuat dihadapan
                                       Notaris berkut perubahan dan/atau penambahannya;
                                   d. menegaskan 1 (satu) atau lebih keputusan dalam Rapat pada 1 (satu) atau lebih akta Notaris,
                                       serta membuat atau meminta dibuatkan segala aktaakta, surat-surat maupun dokumen-
                                       dokumen yang diperlukan, hadir di hadapan pihak/pejabat yang berwenang untuk memperoleh
                                       persetujuan atau melaporkan hal tersebut kepada pihak/pejabat yang berwenang sesuai dengan
                                       peraturan perundangan yang berlaku; dan
                               •   Melakukan tindakan-tindakan lain yang diperlukan sehubungan dengan pelaksanaan PMHMETD
                                   dengan mengacu dan memperhatikan peraturan perundang-undangan yang berlaku termasuk
                                   peraturan di bidang pasar modal.




                                                                                                                                     209
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       01
                                                Mata Acara Rapat Pertama
                                                First Meeting Agenda
     02
                                                                              •   To approve the Company’s plan to conduct a Capital Increase by Granting Pre-emptive Rights
                                                                                  (Rights Issue) (“PMHMETD”) by issuing up to 124,269,948,745 (one hundred twenty-four billion
                                                                                  two hundred sixty-nine million nine hundred forty-eight thousand seven hundred forty-five) Series
    03                                                                            B shares with a nominal value of Rp25 (twenty-five Rupiah) per share, in compliance with the
                                                                                  prevailing laws and regulations in the capital market sector, particularly OJK Regulation No. 32/
                                                                                  POJK.04/2015 (“POJK 32/2015”).
                                                                              •   To approve the granting of authority to the Company’s Board of Commissioners, with the right
      04                                                                          of substitution, to carry out all necessary actions in relation to the PMHMETD, including but not
                                                                                  limited to:
                                                                                  a. increasing the Company’s issued and paid-up capital through the issuance of shares under the
                                                                                       PMHMETD, including but not limited to (i) approving the determination and final number of new
     05                                                                                shares to be issued in the PMHMETD, (ii) determining the exercise price of the Pre-emptive
                                                                                       Rights (“HMETD”), and (iii) other actions as proposed by the Company’s Board of Directors
                                                                                       in connection with the implementation of the PMHMETD, in compliance with applicable laws
                                                                                       and regulations, including those in the capital market sector; and
    06                                                                            b. stating the realization of the actual number of shares issued in relation to the increase in issued
                                                                                       and paid-up capital after the completion of the PMHMETD, as stipulated in Article 4 paragraphs
                                                                                       2 and 3 of the Company’s Articles of Association, and carrying out all necessary actions in
                                                                                       connection therewith in accordance with applicable laws and regulations.
                                                                              •   To approve the granting of authority and power to the Company’s Board of Directors, with the right
                                                                                  of substitution, to implement the above resolutions and to take all necessary actions in relation to
                                                                                  the implementation of the PMHMETD, including but not limited to:
                                                                                  a. subject to resolution number 2 above: (i) determining the final number of shares to be issued
                                                                                       under the PMHMETD; (ii) determining the exercise price of the shares to be issued under the
                                                                                       PMHMETD; (iii) if required by applicable laws and regulations or relevant government authorities
                                                                                       regarding land rights over API Assets in the form of land rights or other permitted rights under
                                                                                       applicable laws, taking necessary actions in relation to the implementation of the PMHMETD
                                                                                       through inbreng (non-cash capital contribution) of API Assets with land rights permitted under
                                                                                       applicable laws; and (iv) taking other necessary actions related to the implementation of the
                                                                                       PMHMETD;
Tata Kelola Perusahaan - Corporate Governance




                                                                                  b. determining the use of proceeds from the PMHMETD;
                                                                                  c. submitting and signing the Registration Statement to OJK (for the PMHMETD), including
                                                                                       issuing, printing, and signing all required documents in relation to the PMHMETD, including
                                                                                       but not limited to agreements executed before a Notary along with any amendments and/or
                                                                                       additions thereto;
                                                                                  d. restating one or more resolutions of the Meeting in one or more notarial deeds, and preparing
                                                                                       or requesting the preparation of all necessary deeds, letters, and documents, appearing before
                                                                                       the competent authorities/officials to obtain approval or to report such matters to the competent
                                                                                       authorities/officials in accordance with applicable laws and regulations; and
                                                                              •   Taking any other actions deemed necessary in relation to the implementation of the PMHMETD
                                                                                  with due regard to and in compliance with applicable laws and regulations, including those in the
                                                                                  capital market sector.

                                                                              Penambahan Modal oleh PT Angkasa Pura Indonesia kepada Perseroan berupa aset melalui mekanisme
                                                                              PMHMETD sebagaimana dituangkan dalam Akta Pengikatan Pemasukan ke Dalam Perusahaan No.
                                                                              146 tanggal 29 Desember 2025, dilakukan dengan menerima kepemilikan Saham Seri B Perseroan,
                                                Realisasi                     serta diikuti dengan pembelian saham oleh Pemegang Saham Publik.
                                                Realization                   The capital increase by PT Angkasa Pura Indonesia in the Company in the form of assets through the
                                                                              PMHMETD mechanism, as set forth in the Deed of Capital Contribution Commitment No. 146 dated
                                                                              December 29, 2025, was carried out by receiving ownership of the Company’s Series B shares, and
                                                                              was followed by the purchase of shares by Public Shareholders.



                                                Mata Acara Rapat Kedua
                                                Second Meeting Agenda

                                                                              Persetujuan perubahan Pasal 4 ayat (1), ayat (2), dan ayat (3) Anggaran Dasar Perseroan sehubungan
                                                                              dengan, perubahan struktur permodalan Perseroan pada modal dasar Perseroan, modal ditempatkan
                                                Mata Acara                    dan disetor Perseroan sehubungan dengan pelaksanaan PMHMETD.
                                                Agenda                        Approval of amendments to Article 4 paragraphs (1), (2), and (3) of the Company’s Articles of Association
                                                                              in relation to changes in the Company’s capital structure, including the authorized capital, issued capital,
                                                                              and paid-up capital, in connection with the implementation of the PMHMETD.

                                                Jumlah Pemegang Saham yang
                                                Mengajukan Pertanyaan dan/    Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa Pemegang
                                                atau Memberikan Pendapat      Saham.
                                                Shareholders Who Raised       There were no questions or opinions raised by Shareholders or Shareholders' proxies.
                                                Questions and/Or Gave Their
                                                Opinions




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                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
Mata Acara Rapat Kedua
Second Meeting Agenda


Hasil Pemungutan Suara
                                                   Setuju                  Tidak Setuju                 Abstain
Voting Results                                     Agreed                   Disagreed                   Absent
                                               34.799.649.836
                                                                                  0                          0
                                                   (100%)

                               •   Menyetujui perubahan Pasal 4 ayat (1) Anggaran Dasar Perseroan sehubungan dengan perubahan
                                   atas seluruh saham seri A, masing-masing saham dengan nilai nominal Rp100,- (seratus Rupiah)
                                   per saham, yang masih dalam portepel, seluruhnya menjadi saham seri B masing-masing saham
                                   dengan nilai nominal Rp25,- (dua puluh lima Rupiah) per saham, dari yang semula modal dasar
                                   Perseroan adalah sebesar Rp10.000.000.000.000,00 (sepuluh triliun Rupiah), yang terbagi atas:
                                   a. 95.000.000.000 (sembilan puluh lima miliar) saham Seri A, masing-masing saham bernilai
                                       nominal Rp100,- (seratus Rupiah); dan
                                   b. 20.000.000.000 (dua puluh miliar) saham Seri B, masing-masing saham bernilai nominal Rp25,-
                                       (dua puluh lima Rupiah),




                                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                   c. menjadi modal dasar Perseroan adalah sebesar Rp10.000.000.000.000,00 (sepuluh triliun
                                       Rupiah), yang terbagi atas:
                                   d. 28.233.511.500 (dua puluh delapan miliar dua ratus tiga puluh tiga juta lima ratus sebelas ribu
                                       lima ratus) saham Seri A, masing-masing saham bernilai nominal Rp100,- (seratus Rupiah) dan
                                   e. 287.065.954.000 (dua ratus delapan puluh tujuh miliar enam puluh lima juta sembilan ratus
                                       lima puluh empat ribu) saham Seri B, masing-masing saham bernilai nominal Rp25,- (dua
                                       puluh lima Rupiah).
                               •   Menyetujui perubahan Pasal 4 ayat (2) dan ayat (3) Anggaran Dasar Perseroan yaitu peningkatan
                                   modal ditempatkan dan disetor Perseroan sehubungan dengan pelaksanaan PMHMETD.
                               •   Menyetujui untuk menyatakan kembali anggaran dasar Perseroan secara keseluruhan, sepanjang
                                   tidak bertentangan dengan peraturan perundang-undangan yang berlaku dan memberikan kuasa
                                   dan wewenang dengan hak substitusi kepada Direksi Perseroan, untuk melakukan segala tindakan
                                   yang diperlukan sehubungan dengan keputusan tersebut di atas, untuk menuangkan keputusan
                                   perubahan anggaran dasar Perseroan tersebut ke dalam akta yang dibuat di hadapan Notaris, serta
                                   meminta persetujuan dan memberitahukan perubahan anggaran dasar Perseroan tersebut pada
Keputusan Mata Acara Rapat
                                   Menteri Hukum Republik Indonesia, dan melakukan semua tindakan yang diperlukan sehubungan
Kedua
                                   dengan keputusan tersebut sesuai dengan peraturan perundangundangan yang berlaku.
Resolution of Second Meeting
Agenda
                               •   To approve the amendment to Article 4 paragraph (1) of the Company’s Articles of Association
                                   in relation to the reclassification of all Series A shares, each with a nominal value of Rp100 (one
                                   hundred Rupiah) per share, which remain in the portfolio, into Series B shares, each with a nominal
                                   value of Rp25 (twenty-five Rupiah) per share, whereby the Company’s authorized capital remains
                                   Rp10,000,000,000,000 (ten trillion Rupiah), but changes from being divided into:
                                   a. 95,000,000,000 (ninety-five billion) Series A shares, each with a nominal value of Rp100 (one
                                        hundred Rupiah); and
                                   b. 20,000,000,000 (twenty billion) Series B shares, each with a nominal value of Rp25 (twenty-
                                        five Rupiah),
                                   c. to become divided into:
                                   d. 28,233,511,500 (twenty-eight billion two hundred thirty-three million five hundred eleven
                                        thousand five hundred) Series A shares, each with a nominal value of Rp100 (one hundred
                                        Rupiah); and
                                   e. 287,065,954,000 (two hundred eighty-seven billion sixty-five million nine hundred fifty-four
                                        thousand) Series B shares, each with a nominal value of Rp25 (twenty-five Rupiah).
                               •   To approve the amendments to Article 4 paragraphs (2) and (3) of the Company’s Articles of
                                   Association, namely the increase in the Company’s issued and paid-up capital in connection with
                                   the implementation of the PMHMETD.
                               •   To approve the restatement of the Company’s Articles of Association in their entirety, insofar as
                                   not inconsistent with prevailing laws and regulations, and to grant authority and power, with the
                                   right of substitution, to the Company’s Board of Directors to take all necessary actions in relation
                                   to the above resolutions, including incorporating the amendments to the Company’s Articles of
                                   Association into a notarial deed, obtaining approval and notifying such amendments to the Minister
                                   of Law of the Republic of Indonesia, and taking all necessary actions in accordance with applicable
                                   laws and regulations.

                               Telah dituangkan dalam Akta Pernyataan Keputusan Rapat Perubahan Anggaran Dasar PT Garuda
                               Maintenance Facility Aero Asia Tbk No. 8 tanggal 24 Oktober 2025 yang telah mendapatkan Penerimaan
                               Pemberitahuan Perubahan Anggaran Dasar dari Kementerian Hukum Republik Indonesia No. AHU.
                               AH.01.03-0246198 tanggal 26 Oktober 2025.
Realisasi
                               Have been set forth in the Deed of Statement of Meeting Resolutions regarding Amendments to the
Realization
                               Articles of Association of PT Garuda Maintenance Facility Aero Asia Tbk No. 8 dated October 24, 2025,
                               which has received the Acknowledgement of Receipt of Notification of Amendments to the Articles of
                               Association from the Ministry of Law of the Republic of Indonesia No. AHU.AH.01.03-0246198 dated
                               October 26, 2025.




                                                                                                                                          211
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       01

                                                PELAKSANAAN DAN TINDAK LANJUT                                              IMPLEMENTATION AND FOLLOW-UP OF
     02                                         HASIL KEPUTUSAN RUPS YANG                                                  THE GMS RESOLUTIONS IN 2024
                                                DISELENGGARAKAN PADA TAHUN
                                                2024
    03
                                                                             Keputusan RUPS Tahunan Tanggal 28 Juni 2024
                                                                             Resolution of the Annual GMS dated June 28, 2024                                                   Realisasi
      04                                                 Mata Acara Rapat                                                   Keputusan                                          Realization
                                                         Meeting Agenda                                                     Resolution
                                                                                              Keputusan Mata Acara Rapat Pertama
     05                                                                                       Resolution of the First Meeting Agenda
                                                                                              1. Menyetujui dan mengesahkan Laporan Tahunan Perseroan Tahun Buku
                                                                                                 2023 termasuk di dalamnya Laporan Pelaksanaan Tugas Pengawasan
    06                                                                                           Dewan Komisaris yang berakhir pada tanggal 31 Desember 2023 serta
                                                Mata Acara Rapat Pertama                         Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2023 yang
                                                First Meeting Agenda                             berakhir pada tanggal 31 Desember 2023, yang telah diaudit oleh
                                                Persetujuan Laporan Tahunan Perseroan            Kantor Akuntan Publik Tanudiredja, Wibisana, Rintis & Rekan dengan
                                                Tahun Buku 2023 termasuk di dalamnya             pendapat “Wajar Dalam Semua Hal yang Material”, sebagaimana
                                                Laporan Keuangan Konsolidasian                   termuat dalam laporannya Nomor 00508/2.1025/AU.1/10/0225-2/1/
                                                Perseroan dan Laporan Tugas                      III/2024 tanggal 28 Maret 2024; dan
                                                Pengawasan Dewan Komisaris yang               2. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya
                                                berakhir pada tanggal 31 Desember                (volledig acquit et de charge) kepada para anggota Direksi dan
                                                2023, serta pemberian pelunasan                  anggota Dewan Komisaris atas tindakan pengurusan dan pengawasan
                                                dan pembebasan tanggung jawab                    yang telah dijalankan selama tahun buku 2023, sepanjang tindakan
                                                sepenuhnya (volledig acquit et de                tersebut bukan merupakan tindakan pidana dan/atau tindakan
                                                charge) kepada para anggota Direksi              yang bertentangan dengan peraturan perundangan yang berlaku
                                                                                                                                                                            Telah direalisasikan
                                                dan anggota Dewan Komisaris atas                 dan tindakan tersebut telah tercermin dalam Laporan Tahunan dan
                                                                                                                                                                            pada tahun 2024.
                                                tindakan pengurusan dan pengawasan               Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada
Tata Kelola Perusahaan - Corporate Governance




                                                                                                                                                                            It was realized in
                                                yang telah dijalankan selama tahun buku          tanggal 31 Desember 2023.
                                                                                                                                                                            2024.
                                                2023.                                         1. To approve and ratify the Company's Annual Report for the Financial
                                                Approval of the Company's Annual                 Year 2023, including the Report on the Implementation of the
                                                Report for the financial year 2023,              Supervisory Duties of the Board of Commissioners ending 31 December
                                                including the Company's Consolidated             2023 and the Company's Consolidated Financial Statements for the
                                                Financial Statements and the Board of            Financial Year 2023 ending 31 December 2023, which have been
                                                Commissioners Oversight Report ended             audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis
                                                on 31 December 2023, and to release              & Rekan with the opinion of "Fair in All Material Matters", as contained
                                                and discharge of all responsibilities            in its report Number 00508/2.1025/AU.1/10/0225-2/1/III/2024 dated
                                                (volledig acquit et de charge) to all Board      March 28th , 2024; and
                                                members for the management and                2. To grant full release and discharge (volledig acquit et de charge) to
                                                supervision carried out in the financial         the members of the Board of Directors and members of the Board of
                                                year 2023.                                       Commissioners for their management and supervisory actions carried
                                                                                                 out during the financial year 2023, to the extent that such actions do
                                                                                                 not constitute criminal acts and/or actions contrary to the prevailing
                                                                                                 laws and regulations and such actions have been reflected in the
                                                                                                 Company's Annual Report and Financial Statements for the financial
                                                                                                 year ending 31 December 2023.

                                                                                              Keputusan Mata Acara Rapat Kedua
                                                                                              Resolution of the Second Meeting Agenda
                                                                                              Menyetujui dan menetapkan penggunaan Laba Bersih Konsolidasian
                                                Mata Acara Rapat Kedua                        Tahun Buku 2023 sebesar USD 20.168.689 (dua puluh juta seratus enam
                                                First Meeting Agenda                          puluh delapan enam ratus delapan puluh sembilan Dollar Amerika Serikat)       Telah direalisasikan
                                                Penetapan Laba Bersih Perseroan Tahun         sebagai Laba Ditahan atau Retained Earning Perseroan untuk mengurangi         pada tahun 2024.
                                                2023.                                         akumulasi kerugian Perseroan.                                                 It was realized in
                                                Fixation of the Company's Net Income          Approve and determine the utilization of the Consolidated Net Income          2024.
                                                in 2023.                                      for the Financial Year 2023 amounting to USD20.168.689 (twenty million
                                                                                              one hundred sixty eight six hundred eighty nine United States Dollars) as
                                                                                              Retained Earning of the Company to reduce the Company's accumulated
                                                                                              losses.




212
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                                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                            Keputusan RUPS Tahunan Tanggal 28 Juni 2024
                            Resolution of the Annual GMS dated June 28, 2024                                                   Realisasi
         Mata Acara Rapat                                                  Keputusan                                          Realization
         Meeting Agenda                                                    Resolution
                                             Keputusan Mata Acara Rapat Ketiga
                                             Resolution of the Third Meeting Agenda
Mata Acara Rapat Ketiga                      Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada Dewan
Third Meeting Agenda                         Komisaris Perseroan dengan terlebih dahulu mendapat persetujuan
Penetapan Tantiem Tahun Buku 2023            tertulis dari PT Garuda Indonesia (Persero) Tbk selaku Pemegang Saham
dan Remunerasi (Gaji/Honorarium,             Pengendali untuk menetapkan pemberian tantiem dan/atau insentif kinerja
                                                                                                                           Telah direalisasikan
Fasilitas dan Tunjangan) Tahun Buku          tahun 2023 dan menetapkan remunerasi (gaji/honorarium, tunjangan dan
                                                                                                                           pada tahun 2024.
2024 bagi Direksi dan Dewan Komisaris.       fasilitas) bagi anggota Direksi dan Dewan Komisaris Perseroan untuk
                                                                                                                           It was realized in
Determination of Tantiem for the financial   tahun 2024.
                                                                                                                           2024.
year 2023 and remuneration (salary/          Approved the granting of power and delegation of authority to the
honorarium, facilities and allowances)       Company's Board of Commissioners with prior written approval from PT
for the financial year 2024 for Directors    Garuda Indonesia (Persero) Tbk as the Controlling Shareholder to determine




                                                                                                                                                  Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
and Board of Commissioners.                  the tantiem and/or performance incentives for 2023 and determine the
                                             remuneration (salary/honorarium, allowances and facilities) for members of
                                             the Company's Board of Directors and Board of Commissioners for 2024.

                                             Keputusan Mata Acara Rapat Keempat
                                             Resolution of the Fourth Meeting Agenda
                                             1. Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada
                                                Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik
                                                Independen dari Kantor Akuntan Publik (KAP) untuk melakukan
                                                pemeriksaan atas Laporan Keuangan Konsolidasian Perseroan untuk
                                                tahun buku yang berakhir tanggal 31 Desember 2024, pemeriksaan atas
                                                Laporan Keuangan Khusus tertentu pada tahun 2024 dan pemeriksaan
                                                atas Laporan Keuangan Konsolidasian Perseroan periode lainnya pada
                                                tahun 2024 untuk tujuan dan kepentingan Perseroan.
                                             2. Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada
                                                Dewan Komisaris Perseroan untuk menetapkan besaran nilai jasanya
Mata Acara Rapat Keempat                        sesuai ketentuan dan peraturan yang berlaku, termasuk untuk menunjuk
Fourth Meeting Agenda                           KAP pengganti bilamana karena sebab apapun juga berdasarkan
Penunjukan Kantor Akuntan Publik Untuk          ketentuan pasar modal di Indonesia apabila KAP yang ditunjuk tidak         Telah direalisasikan
Mengaudit Laporan Keuangan Perseroan            dapat melakukan tugasnya, dengan kriteria bahwa KAP tersebut               pada tahun 2024.
Tahun Buku 2024.                                terdaftar di Otoritas Jasa Keuangan.                                       It was realized in
Appointment of a Public Accountant           1. Approved the granting of power and delegation of authority to the          2024.
Firm to Audit the Company's Financial           Company's Board of Commissioners to appoint an Independent Public
Statements for the Financial Year 2024.         Accountant from the Public Accounting Firm (KAP) to conduct an audit
                                                of the Company's Consolidated Financial Statements for the financial
                                                year ending 31 December 2024, an audit of certain Special Financial
                                                Statements in 2024 and an audit of the Company's Consolidated
                                                Financial Statements for other periods in 2024 for the purposes and
                                                interests of the Company.
                                             2. Approved the granting of power and delegation of authority to the
                                                Company's Board of Commissioners to determine the amount of service
                                                value in accordance with applicable rules and regulations, including
                                                to appoint a replacement KAP if for any reason whatsoever based on
                                                capital market regulations in Indonesia if the appointed KAP is unable
                                                to perform its duties, with the criteria that the KAP is registered with
                                                the Financial Services Authority.




                                                                                                                                                  213
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       01

                                                                             Keputusan RUPS Luar Biasa 28 Juni 2024
     02                                                               Resolution of the Extraordinary GMS dated June 28, 2024                                                Realisasi
                                                        Mata Acara Rapat                                                 Keputusan                                          Realization
                                                        Meeting Agenda                                                   Resolution
    03                                                                                    Keputusan Mata Acara Rapat Pertama
                                                                                          Resolution of the First Meeting Agenda
                                                Mata Acara Rapat Pertama
                                                                                          Menyetujui pengikatan jaminan atas aset Perseroan dalam memenuhi
                                                First Meeting Agenda
      04                                                                                  kewajiban Perseroan berdasarkan program restrukturisasi fasilitas kredit
                                                Persetujuan Pengikatan Jaminan atas
                                                                                          dengan PT Bank Rakyat Indonesia (Persero) Tbk, yang pengikatan tersebut
                                                Aset Perseroan dengan nilai lebih dari
                                                                                          dilakukan secara paripassu dengan kreditur-kreditur lain Perseroan dengan
                                                50% (lima puluh persen) Kekayaan Bersih
                                                                                          porsi bagian nilai jaminan yang ditentukan oleh Perseroan sepanjang
                                                Perseroan berdasarkan Restrukturisasi
     05                                         Perjanjian Kredit antara PT Bank Rakyat
                                                                                          pengikatan jaminan tersebut tidak mengubah pokok-pokok perjanjian               Telah direalisasikan
                                                                                          tersebut serta dilaksanakan sesuai dengan ketentuan tata kelola perusahaan      pada tahun 2024.
                                                Indonesia (Persero) Tbk.
                                                                                          yang baik dan peraturan perundang-undangan yang berlaku.                        It was realized in
                                                Approval of Guarantee Binding for
                                                                                          Approved the binding of collateral for the Company's assets in fulfilling       2024.
                                                Company Assets with a value of
    06                                          more than 50% (fifty percent) of the
                                                                                          the Company's obligations under the credit facility restructuring program
                                                                                          with PT Bank Rakyat Indonesia (Persero) Tbk, which binding was carried
                                                Company's Net Worth based on the
                                                                                          out paripassu with other creditors of the Company with a portion of the
                                                Restructuring of the Credit Agreement
                                                                                          collateral value determined by the Company as long as the binding of the
                                                between PT Bank Rakyat Indonesia
                                                                                          guarantee did not change the principal of the agreement and was carried
                                                (Persero) Tbk.
                                                                                          out in accordance with the provisions of good corporate governance and
                                                                                          applicable laws and regulations.

                                                                                          Keputusan Mata Acara Rapat Kedua
                                                                                          1. Menyetujui perubahan Pasal 3 Anggaran Dasar Perseroan untuk
                                                                                             disesuaikan dengan Peraturan Badan Pusat Statistik Nomor 2 Tahun
                                                                                             2020 tentang Klasifikasi Baku Lapangan Usaha Indonesia ("KBLI 2020”)
                                                                                             dan peraturan lainnya yang terkait;
                                                                                          2. Menyetujui perubahan-perubahan dalam ketentuan Pasal 4 ayat (2),
                                                                                             Pasal 7 ayat (3), Pasal 15 ayat (16), Pasal 15 ayat (2), Pasal 16 ayat (2)
Tata Kelola Perusahaan - Corporate Governance




                                                                                             huruf a angka 4, Pasal 16 ayat (2) huruf a angka 6, Pasal 16 ayat (2)
                                                                                             huruf b angka 10, Pasal 16 ayat (2) huruf b angka 15, Pasal 16 ayat (2)
                                                                                             huruf b angka 19, Pasal 16 ayat 5, Pasal 16 ayat (14) huruf o, Pasal 16
                                                                                             ayat 14 huruf m, Pasal 16 ayat (22), Pasal 16 ayat (22) huruf f, Pasal
                                                                                             19 ayat (2) huruf a angka 13, Pasal 20, Pasal 20 ayat (1) huruf b, Pasal
                                                Mata Acara Rapat Kedua                       23 ayat (2), dan Pasal 24 dalam Anggaran Dasar sebagaimana yang
                                                                                                                                                                          Telah direalisasikan
                                                Second Meeting Agenda                        diusulkan dalam Rapat ini.
                                                                                                                                                                          pada tahun 2024.
                                                Usulan Perubahan Anggaran Dasar.          3. Menyetujui untuk menyusun kembali seluruh ketentuan dalam Anggaran
                                                                                                                                                                          It was realized in
                                                Proposed Amendment to the Articles           Dasar Perseroan sehubungan dengan perubahan sebagaimana
                                                                                                                                                                          2024.
                                                of Association.                              dimaksud pada butir 1 dan butir 2 Keputusan tersebut diatas.
                                                                                          4. Memberikan kuasa dan wewenang kepada Direksi Perseroan dengan
                                                                                             hak substitusi untuk melakukan segala tindakan yang diperlukan
                                                                                             berkaitan dengan Keputusan mata acara Rapat, termasuk menyusun
                                                                                             dan menyatakan kembali seluruh Anggaran Dasar Perseroan dalam
                                                                                             suatu Akta Notaris dan memberikan kuasa dengan hak substitusi untuk
                                                                                             menyampaikan kepada instansi yang berwenang untuk mendapatkan
                                                                                             persetujuan dan/atau tanda penerimaan pemberitahuan perubahan
                                                                                             Anggaran Dasar Perseroan, melakukan segala sesuatu yang dipandang
                                                                                             perlu dan berguna untuk keperluan tersebut dengan tidak ada satu pun
                                                                                             yang dikecualikan, termasuk untuk mengadakan penambahan dan/
                                                                                             atau perubahan dalam perubahan Anggaran Dasar tersebut, jika hal
                                                                                             tersebut dipersyaratkan oleh instansi yang berwenang.




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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                 Keputusan RUPS Luar Biasa 28 Juni 2024
          Resolution of the Extraordinary GMS dated June 28, 2024                                        Realisasi
Mata Acara Rapat                                       Keputusan                                        Realization
Meeting Agenda                                         Resolution
                        Resolution of the Second Meeting Agenda
                        1. Approved the amendment to Article 3 of the Company's Articles of
                           Association to be adjusted to the Central Bureau of Statistics Regulation
                           Number 2 of 2020 concerning the Indonesian Standard Industrial
                           Classification (“KBLI 2020”) and other related regulations;
                        2. Approve the amendments in the provisions of Article 4 paragraph (2),
                           Article 7 paragraph (3), Article 15 paragraph (16), Article 15 paragraph
                           (2), Article 16 paragraph (2) letter a number 4, Article 16 paragraph (2)
                           letter a number 6, Article 16 paragraph (2) letter b number 10, Article
                           16 paragraph (2) letter b number 15, Article 16 paragraph (2) letter b
                           number 19, Article 16 paragraph 5, Article 16 paragraph (14) letter o,
                           Article 16 paragraph 14 letter m, Article 16 paragraph (22), Article 16




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                           paragraph (22) letter f, Article 19 paragraph (2) letter a number 13,
                           Article 20, Article 20 paragraph (1) letter b, Article 23 paragraph (2),
                           and Article 24 in the Articles of Association as proposed in this Meeting.
                        3. Approve to rearrange all provisions in the Company's Articles of
                           Association in connection with the amendments as referred to in point
                           1 and point 2 of the above Resolution.
                        4. To grant power and authority to the Board of Directors of the Company
                           with the right of substitution to take all necessary actions related to
                           the Resolutions of the agenda of the Meeting, including to compile and
                           restate the entire Articles of Association of the Company in a Notarial
                           Deed and to grant power with the right of substitution to submit to the
                           competent authorities to obtain approval and/or receipt of notification
                           of amendments to the Articles of Association of the Company, to do
                           everything deemed necessary and useful for such purposes with no
                           one being excluded, including to make additions and/or changes in
                           the amendments to the Articles of Association, if so required by the
                           competent authorities.




                                                                                                                      215
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       01

                                                                          Keputusan RUPS Luar Biasa 28 Juni 2024
     02                                                            Resolution of the Extraordinary GMS dated June 28, 2024                                       Realisasi
                                                       Mata Acara Rapat                                         Keputusan                                       Realization
                                                       Meeting Agenda                                           Resolution
    03
                                                                                    Keputusan Mata Acara Rapat Ketiga
                                                                                    Resolution of the Third Meeting Agenda
                                                                                    1. Menyetujui untuk memberhentikan nama-nama tersebut di bawah ini
      04                                                                               yang berlaku efektif sejak ditutupnya Rapat Umum Pemegang Saham
                                                                                       Luar Biasa ini dengan ucapan terima kasih atas sumbangan tenaga dan
                                                                                       pikiran yang diberikan selama memangku jabatan tersebut.
                                                                                       a. Bapak Ali Gunawan sebagai Komisaris Independen yang diangkat
     05                                                                                     pada Rapat Umum Pemegang Saham Tahunan tanggal 20 Agustus
                                                                                            2021.
                                                                                       b. Bapak Agit Atriantio sebagai Komisaris Independen yang diangkat
                                                                                            pada Rapat Umum Pemegang Saham Tahunan tanggal 20 Agustus
    06                                                                                      2021.
                                                                                    2. Menyetujui untuk mengangkat nama di bawah ini yang berlaku efektif
                                                                                       sejak ditutupnya Rapat Umum Pemegang Saham Luar Biasa ini sebagai
                                                                                       berikut:
                                                                                       a. Bapak Ali Gunawan sebagai Komisaris Independen
                                                                                       b. Bapak Agit Atriantio sebagai Komisaris Independen
                                                                                    3. Masa jabatan anggota Dewan Komisaris yang diangkat sebagaimana
                                                                                       dimaksud pada angka 2, sesuai dengan ketentuan Anggaran Dasar
                                                                                       Perseroan, dengan memperhatikan peraturan perundang-undnagan di
                                                                                       bidang Pasar Modal dan tanpa mengurangi hak Rapat Umum Pemegang
                                                                                       Saham (“RUPS”) untuk memberhentikan sewaktu-waktu.
                                                                                    4. Dengan memperhatikan keputusan pada butir 1 dan 2 di atas maka
                                                Mata Acara Rapat Ketiga                susunan Dewan Komisaris dan Direksi Perseroan terhitung sejak
                                                Third Meeting Agenda                   ditutupnya RUPSLB Perseroan menjadi sebagai berikut:                   Telah direalisasikan
                                                Perubahan Susunan Pengurus             Dewan Komisaris                                                        pada tahun 2024.
Tata Kelola Perusahaan - Corporate Governance




                                                Perseroan.                             Komisaris Utama/Komisaris Independen : Sdr. Dharmadi                   It was realized in
                                                Changes in the Composition of the      Komisaris : Sdr. Rahmat Hanafi                                         2024.
                                                Company's Management.                  Komisaris Independen : Sdr. Ali Gunawan
                                                                                       Komisaris Independen : Sdr. Agit Atriantio
                                                                                       Komisaris Independen : Sdr. Abhan
                                                                                       Direksi
                                                                                       Direktur Utama : Sdr. Andi Fahrurrozi
                                                                                       Direktur Line Operation : Sdr. Mukhtaris
                                                                                       Direktur Base Operation : Sdr. Irvan Pribadi
                                                                                       Direktur Keuangan : Sdr. Salusra Satria
                                                                                       Direktur Human Capital & Corporate : Sdr. Pudjo Sarwoko
                                                                                    5. Anggota Komisaris yang diangkat sebagaimana butir 2 yang masih
                                                                                       menjabat ada jabatan lain yang dilarang atau peraturan perundang-
                                                                                       undangan untuk dirangkap dengan jabatan Anggota Komisaris atau
                                                                                       Direksi maka yang bersangkutan harus mengundurkan diri atau
                                                                                       diberhentikan dari jabatannya tersebut.
                                                                                    6. Menyetujui pemberian tugas dan wewenang setiap anggota Direksi
                                                                                       Perseroan ditetapkan berdasarkan keputusan Direksi Perseroan setelah
                                                                                       mendapat persetujuan tertulis dari Dewan Komisaris Perseroan.
                                                                                    7. Memberikan kuasa dan kewenangan kepada masing-masing Direksi
                                                                                       Perseroan dengan hak substitusi untuk menyatakan dalam akta Notaris
                                                                                       tersendiri, hasil keputusan Rapat sehubungan dengan perubahan
                                                                                       Dewan Komisaris Perseroan dan melakukan Pemberitahuan dan.atau
                                                                                       pendaftaran mengenai perubahan susunan anggota Dewan Komisaris
                                                                                       dari Perseroan.




216
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                 Keputusan RUPS Luar Biasa 28 Juni 2024
          Resolution of the Extraordinary GMS dated June 28, 2024                                          Realisasi
Mata Acara Rapat                                        Keputusan                                         Realization
Meeting Agenda                                          Resolution
                        1.   Approved to dismiss the names mentioned below effective as of the
                             closing of this Extraordinary General Meeting of Shareholders with
                             gratitude for the contribution of energy and thought given during the
                             position.
                             a. Mr. Ali Gunawan as Independent Commissioner who was appointed
                                  at the Annual General Meeting of Shareholders on August 20, 2021.
                             b. Mr. Agit Atriantio as Independent Commissioner who was appointed
                                  at the Annual General Meeting of Shareholders on August 20, 2021.
                        2.   Approved to appoint the names below effective as of the closing of this
                             Extraordinary General Meeting of Shareholders as follows:
                             a. Mr. Ali Gunawan as Independent Commissioner
                             b. Mr. Agit Atriantio as Independent Commissioner




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                        3.   The term of office of the appointed members of the Board of
                             Commissioners as referred to in point 2, in accordance with the
                             provisions of the Company's Articles of Association, with due
                             observance of the laws and regulations in the Capital Market sector and
                             without prejudice to the right of the General Meeting of Shareholders
                             (“GMS”) to dismiss them at any time.
                        4.   With regard to the resolutions in points 1 and 2 above, the composition of
                             the Board of Commissioners and the Board of Directors of the Company
                             as of the closing of the EGMS of the Company shall be as follows:
                             Board of Commissioners
                             President Commissioner/Independent Commissioner: Br. Dharmadi
                             Commissioner : Br. Rahmat Hanafi
                             Independent Commissioner : Br. Ali Gunawan
                             Independent Commissioner : Br. Agit Atriantio
                             Independent Commissioner : Br. Abhan
                             Board of Directors
                             President Director : Br. Andi Fahrurrozi
                             Director of Line Operation: Br. Mukhtaris
                             Director of Base Operation: Br. Irvan Pribadi
                             Director of Finance: Br. Salusra Satria
                             Director of Human Capital & Corporate Affairs : Br. Pudjo Sarwoko
                        5.   Members of the Board of Commissioners appointed as referred to in
                             point 2 who still hold other positions that are prohibited or laws and
                             regulations to be concurrent with the position of Member of the Board
                             of Commissioners or Board of Directors, then the person concerned
                             must resign or be dismissed from his position.
                        6.   Approved the assignment of duties and authority of each member of
                             the Board of Directors of the Company to be determined based on
                             the decision of the Board of Directors of the Company after obtaining
                             written approval from the Board of Commissioners of the Company.
                        7.   To grant power and authority to each member of the Board of Directors
                             of the Company with the right of substitution to state in a separate
                             Notarial deed the results of the Meeting's decision in relation to changes
                             in the Board of Commissioners of the Company and to make notification
                             and/or registration regarding changes in the composition of the Board
                             of Commissioners of the Company.




                                                                                                                        217
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       01

                                                                         Keputusan RUPS Luar Biasa 28 Oktober 2024
     02                                                            Resolution of the Extraordinary GMS dated October 28, 2024                                             Realisasi
                                                       Mata Acara Rapat                                               Keputusan                                          Realization
                                                       Meeting Agenda                                                 Resolution
    03                                                                                 Keputusan Mata Acara Rapat Pertama
                                                                                       Resolution of the First Meeting Agenda
                                                                                       1. Menyetujui rencana Perseroan untuk melakukan PMHMETD dengan
      04                                                                                  cara mengeluarkan sebanyak-banyaknya 11.736.512.323 (sebelas miliar
                                                                                          tujuh ratus tiga puluh enam juta lima ratus dua belas ribu tiga ratus dua
                                                                                          puluh tiga) lembar saham Seri B dengan nilai nominal sebesar Rp25
                                                                                          (dua puluh lima Rupiah) per lembar saham yang mewakili sebanyak-
     05                                                                                   banyaknya 41,57% (empat puluh satu koma lima tujuh persen) dari modal
                                                                                          ditempatkan dan disetor penuh Perseroan dengan memperhatikan
                                                                                          ketentuan peraturan perundang-undangan di bidang pasar modal,
                                                                                          khususnya POJK 32/2015.
    06                                                                                 2. Menyetujui pemberian kewenangan kepada Dewan Komisaris Perseroan
                                                Mata Acara Rapat Pertama                  dengan hak substitusi untuk melaksanakan segala tindakan yang
                                                First Meeting Agenda                      diperlukan berkaitan dengan PMHMETD, termasuk namun tidak terbatas
                                                Persetujuan atas rencana Perseroan        untuk:
                                                untuk melakukan Penambahan Modal          a. melakukan peningkatan modal ditempatkan dan disetor Perseroan
                                                dengan Memberikan Hak Memesan Efek            dengan penerbitan saham-saham di PMHMETD, serta termasuk
                                                                                              tapi tidak terbatas pada (i) menyetujui penetapan dan penentuan
                                                Terlebih Dahulu ("PMHMETD”) kepada
                                                                                              kepastian jumlah saham baru yang diterbitkan dalam PMHMETD, (ii)
                                                para Pemegang Saham Pereroan                  harga pelaksanaan Hak Memesan Efek Terlebih Dahulu (”HMETD”)
                                                berdasarkan Peraturan Otoritas                dan (iii) tindakan-tindakan lain sebagaimana diusulkan oleh Direksi
                                                Jasa Keuangan ("OJK”) Nomor 32/               Perseroan sehubungan dengan pelaksanaan PMHMETD, dengan
                                                POJK.04/2015 tentang Penambahan               memperhatikan peraturan perundang-undangan yang berlaku
                                                Modal Perusahaan Terbuka dengan               termasuk peraturan di bidang pasar modal; dan
                                                Memberikan Hak Memesan Efek               b. menyatakan realisasi jumlah saham yang sesungguhnya telah
                                                Terlebih Dahulu sebagaimana diubah            dikeluarkan sehubungan dengan jumlah peningkatan modal
Tata Kelola Perusahaan - Corporate Governance




                                                dengan POJK No. 14/POJK.04/2019               ditempatkan dan disetor setelah PMHMETD selesai dilaksanakan
                                                tentang Perubahan atas POJK No. 32/           yaitu pada Pasal 4 ayat 2 dan 3 Anggaran Dasar Perseroan serta          Telah direalisasikan
                                                POJK.04/2015 tentang Penambahan               melakukan segala tindakan yang diperlukan sehubungan dengan hal         pada tahun 2024.
                                                Modal Perusahaan Terbuka dengan               tersebut dengan memperhatikan peraturan perundang-undangan.             It was realized in
                                                memberikan Hak Memesan Efek            3. Menyetujui pemberian kuasa dan wewenang kepada Direksi Perseroan            2024.
                                                Terlebih Dahulu ("POJK 32/2015”).”        dengan hak substitusi untuk melaksanakan keputusan-keputusan
                                                Approval of the Company's plan to         tersebut di atas dan melakukan segala tindakan yang diperlukan
                                                conduct Capital Increase with Pre-        sehubungan dengan pelaksanaan PMHMETD, termasuk namun tidak
                                                emptive Rights (“PMHMETD”) to the         terbatas untuk:
                                                Company's Shareholders based on           a. dengan tunduk pada keputusan nomor 2 di atas, (i) menentukan
                                                Financial Services Authority (“OJK”)          jumlah final saham yang dikeluarkan dalam rangka PMHMETD;
                                                Regulation No. 32/POJK.04/2015                (ii) menentukan harga pelaksanaan dari saham yang akan
                                                                                              dikeluarkan dalam rangka PMHMETD dan (iii) tindakan-tindakan
                                                regarding Capital Increase of Public
                                                                                              lain sebagaimana diperlukan sehubungan dengan pelaksanaan
                                                Companies with Pre-emptive Rights as          PMHMETD;
                                                amended by POJK No. 14/POJK.04/2019       b. menentukan penggunaan dana hasil PMHMETD;
                                                regarding Amendments to POJK No.          c. mengajukan dan menandatangani Pernyataan Pendaftaran kepada
                                                32/POJK.04/2015 regarding Capital             Otoritas Jasa Keuangan (untuk PMHMETD), termasuk menerbitkan,
                                                Increase of Public Companies with             mencetak, dan menandatangani seluruh dokumen yang diperlukan
                                                Pre-emptive Rights (“POJK 32/2015”).          dalam rangka PMHMETD, termasuk tetapi tidak terbatas pada
                                                                                              perjanjian yang dibuat dihadapan Notaris berikut perubahan dan/
                                                                                              atau penambahannya;
                                                                                          d. menegaskan 1 (satu) atau lebih keputusan dalam Rapat pada
                                                                                              1 (satu) atau lebih akta Notaris, serta membuat atau meminta
                                                                                              dibuatkan segala aktaakta, surat-surat maupun dokumen-dokumen
                                                                                              yang diperlukan, hadir di hadapan pihak/pejabat yang berwenang
                                                                                              untuk memperoleh persetujuan atau melaporkan hal tersebut
                                                                                              kepada pihak/pejabat yang berwenang sesuai dengan peraturan
                                                                                              perundang-undangan yang berlaku; dan
                                                                                          e. melakukan tindakan-tindakan lain yang diperlukan sehubungan
                                                                                              dengan pelaksanaan PMHMETD dengan mengacu dan
                                                                                              memperhatikan peraturan perundang-undangan yang berlaku
                                                                                              termasuk peraturan di bidang pasar modal.




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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
              Keputusan RUPS Luar Biasa 28 Oktober 2024
        Resolution of the Extraordinary GMS dated October 28, 2024                                         Realisasi
Mata Acara Rapat                                        Keputusan                                         Realization
Meeting Agenda                                          Resolution
                        1. Approved the Company's plan to conduct PMHMETD by issuing a
                           maximum of 11,736,512,323 (eleven billion seven hundred thirty six
                           million five hundred twelve thousand three hundred twenty three)
                           Series B shares with a nominal value of Rp25 (twenty five Rupiah) per
                           share representing a maximum of 41.57% (forty one point five seven
                           percent) of the Company's issued and fully paid-up capital with due
                           observance of the provisions of laws and regulations in the capital
                           market sector, in particular POJK 32/2015.
                        2. Approved the granting of authority to the Company's Board of
                           Commissioners with substitution rights to carry out all necessary
                           actions related to the PMHMETD, including but not limited to:
                           a. to increase the issued and paid-up capital of the Company with




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                the issuance of shares in PMHMETD, including but not limited to
                                (i) approving the determination and determination of the certainty
                                of the number of new shares issued in PMHMETD, (ii) the exercise
                                price of Pre-emptive Rights (“Rights Issue”) and (iii) other actions as
                                proposed by the Board of Directors of the Company in connection
                                with the implementation of PMHMETD, with due observance of
                                the prevailing laws and regulations including regulations in the
                                field of capital markets; and
                           b. declare the realization of the number of shares that have actually
                                been issued in connection with the increase in issued and paid-up
                                capital after the PMHMETD has been completed, namely in Article
                                4 paragraphs 2 and 3 of the Company's Articles of Association
                                and take all necessary actions in connection therewith with due
                                observance of laws and regulations.
                        3. Approve the granting of power and authority to the Board of Directors
                           of the Company with the right of substitution to implement the above
                           decisions and take all necessary actions in connection with the
                           implementation of PMHMETD, including but not limited to:
                           a. subject to decision number 2 above, (i) determine the final number
                                of shares issued in the framework of PMHMETD; (ii) determine
                                the exercise price of the shares to be issued in the framework of
                                PMHMETD and (iii) other actions as required in connection with
                                the implementation of PMHMETD;
                           b. determine the use of proceeds from PMHMETD; c. submit a
                                Registration Statement to the Financial Services Authority (for
                                PMHMETD), including issuing, printing and signing all necessary
                                documents in the framework of PMHMETD; and (iii) determine the
                                use of proceeds from PMHMETD. determine the use of proceeds
                                from PMHMETD;
                           c. submit and sign the Registration Statement to the Financial Services
                                Authority (for PMHMETD), including issuing, printing, and signing
                                all documents required in the framework of PMHMETD, including
                                but not limited to the agreement made before a Notary and its
                                amendments and/or additions;
                           d. affirm 1 (one) or more resolutions in the Meeting in 1 (one) or more
                                Notarial deeds, as well as make or request to make all deeds, letters
                                and documents required, appear before the authorized party/official
                                to obtain approval or report the matter to the authorized party/
                                official in accordance with the prevailing laws and regulations; and
                           e. take other necessary actions in connection with the implementation
                                of PMHMETD by referring to and taking into account the prevailing
                                laws and regulations including regulations in the field of capital
                                markets.




                                                                                                                        219
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       01

                                                                          Keputusan RUPS Luar Biasa 28 Oktober 2024
     02                                                             Resolution of the Extraordinary GMS dated October 28, 2024                                                   Realisasi
                                                        Mata Acara Rapat                                                  Keputusan                                             Realization
                                                        Meeting Agenda                                                    Resolution
    03
                                                                                          Keputusan Mata Acara Rapat Kedua
                                                                                          Resolution of the Second Meeting Agenda
                                                                                          1. Menyetujui mengeluarkan saham dengan nilai nominal berbeda dan
      04                                                                                     karenanya menerbitkan saham seri baru yaitu saham Seri B, masing-masing
                                                                                             saham bernilai nominal Rp25,00 (dua puluh lima Rupiah) dan menetapkan
                                                                                             seluruh saham yang telah diterbitkan oleh Perseroan sebelum pelaksanaan
                                                                                             PMHMETD menjadi saham Seri A.
     05                                                                                   2. Menyetujui perubahan Pasal 4 ayat (1) Anggaran Dasar Perseroan
                                                                                             sehubungan dengan penerbitan saham seri baru yakni saham Seri B
                                                                                             atas saham Perseroan, dari yang semula modal dasar Perseroan adalah
                                                                                             sebesar Rp10.000.000.000.000,00 (sepuluh triliun Rupiah) yang terbagi
    06                                                                                       atas 100.000.000.000 (seratur miliar) saham, masing-masing saham
                                                                                             bernilai nominal Rp100,00 (seratus Rupiah) menjadi modal dasar Perseroan
                                                                                             adalah sebesar Rp10.000.000.000.000 (sepuluh triliun Rupiah) yang
                                                                                             terbagi atas 95.000.000.000 (Sembilan puluh lima miliar) saham Seri A,
                                                                                             masing-masing saham bernilai nominal Rp100,00 (seratus Rupiah) dan
                                                                                             20.000.000.000 (dua puluh miliar) saham Seri B, masing-masing saham
                                                                                             bernilai nominal Rp25,00 (dua puluh lima Rupiah).
                                                                                          3. Menyetujui perubahan Pasal 4 ayat (2) dan ayat (3) Anggaran Dasar
                                                                                             Perseroan yaitu peningkatan modal ditempatkan dan disetor Perseroan
                                                                                             sehubungan dengan pelaksanaan PMHMETD.
                                                Mata Acara Rapat Kedua
                                                                                          4. Menyetujui untuk menyatakan kembali anggaran dasar Perseroan secara
                                                Second Meeting Agenda
                                                                                             keseluruhan, sepanjang tidak bertentangan dengan peraturan perundang-
                                                Persetujuan perubahan Pasal 4 ayat
                                                                                             undangan yang berlaku dan memberikan kuasa dan wewenang dengan
                                                (1), ayat (2), dan ayat (3) Anggaran
                                                                                             hak substitusi kepada Direksi Perseroan, untuk melakukan segala Tindakan
                                                Dasar Perseroan sehubungan dengan
                                                                                             yang diperlukan sehubungan dengan keputusan tersebut di atas, untuk
Tata Kelola Perusahaan - Corporate Governance




                                                penerbitan saham seri baru yakni saham
                                                                                             menuangkan keputusan perubahan anggaran dasar Perseroan tersebut ke
                                                Seri B atas saham Perseroan, serta
                                                                                             dalam akta yang dibuat di hadapan Notaris, serta meminta persetujuan dan
                                                peningkatan modal ditempatkan dan
                                                                                             memberitahukan perubahan anggaran dasar Perseroan tersebut kepada               Telah direalisasikan
                                                disetor Perseroan sehubungan dengan
                                                                                             Menteri Hukum dan Hak Asasi Manusia Republik Indonesia, dan melakukan           pada tahun 2024.
                                                pelaksanaan PMHMETD.
                                                                                             semua Tindakan yang diperlukan sehubungan dengan keputusan tersebut             It was realized in
                                                Approval of the amendments to Article
                                                                                             sesuai dengan peraturan perundang-undangan yang berlaku.                        2024.
                                                4 paragraph (1), paragraph (2), and
                                                                                          1. Approved the issuance of shares with different nominal values and
                                                paragraph (3) of the Company's Articles
                                                                                             therefore issued new series of shares, namely Series B shares, each
                                                of Association related to the issuance
                                                                                             share has a nominal value of Rp25.00 (twenty five Rupiah) and determined
                                                of new series shares, namely Series B
                                                                                             all shares issued by the Company prior to the PMHMETD to become
                                                shares of the Company's shares, as
                                                                                             Series A shares.
                                                well as an increase in the Company's
                                                                                          2. Approve the amendment to Article 4 paragraph (1) of the Company's
                                                issued and paid-up capital related to
                                                                                             Articles of Association in connection with the issuance of new series
                                                the PMHMETD.
                                                                                             shares, namely Series B shares, from the Company's authorized capital of
                                                                                             Rp10,000,000,000,000.00 (ten trillion Rupiah) divided into 100,000,000,000
                                                                                             (one hundred billion) shares, each share with a nominal value of Rp100.00
                                                                                             (one hundred Rupiah) to the Company's authorized capital of Rp10.
                                                                                             000,000,000,000 (ten trillion Rupiah) divided into 95,000,000,000 (ninety
                                                                                             five billion) Series A shares, each share having a nominal value of Rp100.00
                                                                                             (one hundred Rupiah) and 20,000,000,000 (twenty billion) Series B shares,
                                                                                             each share having a nominal value of Rp25.00 (twenty five Rupiah).
                                                                                          3. Approved the amendment to Article 4 paragraph (2) and paragraph (3) of
                                                                                             the Company's Articles of Association, namely the increase in the issued
                                                                                             and paid-up capital of the Company in connection with the PMHMETD.
                                                                                          4. Approved to restate the Company's articles of association in its entirety, to
                                                                                             the extent that it does not conflict with the prevailing laws and regulations
                                                                                             and to grant power and authority with the right of substitution to the Board
                                                                                             of Directors of the Company, to take all necessary actions in connection
                                                                                             with the aforementioned resolution, to pour the decision to amend the
                                                                                             Company's articles of association into a deed made before a Notary, and
                                                                                             to request approval and notify the amendment to the Company's articles
                                                                                             of association to the Minister of Law and Human Rights of the Republic
                                                                                             of Indonesia, and to take all necessary actions in connection with the
                                                                                             decision in accordance with the prevailing laws and regulations.




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                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
     Pencegahan Transaksi Orang Dalam [ESG G-08]
                                                        Insider Trading Prevention [ESG G-08]




Dalam rangka melindungi Pemegang Saham, Perseroan       To protect Shareholders, the Company also implements
juga melaksanakan kebijakan yang berlaku umum           generally applicable policies regarding securities
mengenai transaksi efek bagi orang dalam (insider       transactions by insiders (insider trading) in accordance
trading) sesuai dengan ketentuan yang berlaku.          with prevailing regulations.

Secara garis besar, orang dalam Perseroan yang          Broadly speaking, Company insiders who possess insider




                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
mempunyai Informasi orang dalam dilarang untuk          information are prohibited from purchasing or selling,
melakukan pembelian atau penjualan, mempengaruhi        influencing others to purchase or sell, or providing
pihak lain untuk melakukan pembelian atau penjualan,    information to any party for the purpose of purchasing
atau memberi informasi kepada pihak manapun untuk       or selling the Company's securities or the securities of
tujuan melakukan pembelian atau penjualan atas efek     other companies transacting with the Company (while
Perseroan atau efek perusahaan lain yang melakukan      observing exceptions based on Financial Services
transaksi dengan Perseroan (dengan memperhatikan        Authority Regulation No. 78/POJK.04/2017 dated
pengecualian berdasarkan Peraturan Otoritas Jasa        December 21, 2017, concerning Securities Transactions
Keuangan No. 78/POJK.04/2017 tanggal 21 Desember        Not Prohibited for Insiders). The Company strictly
2017 tentang Transaksi Efek Yang Tidak Dilarang Bagi    separates confidential corporate information and data
Orang Dalam). Perseroan memisahkan secara tegas         from publicly available information.
informasi dan data korporasi yang bersifat rahasia
dengan yang bersifat publik.

Perseroan memastikan bahwa informasi dirilis ke pasar   The Company ensures that information is released to
secara seimbang, adil, dan tepat waktu sehingga         the market in a balanced, fair, and timely manner so
perdagangan sekuritas dilakukan hanya berdasarkan       that securities trading is conducted solely based on
keseimbangan informasi antara orang dalam dan           an equal balance of information between insiders and
masyarakat umum.                                        the general public.




                                                                                                                   221
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       01

                                                Dewan Komisaris
     02
                                                Board of Commissioners

    03


      04
                                                Dewan Komisaris merupakan salah satu organ utama            The Board of Commissioners is one of the Company’s
                                                Perseroan yang menjalankan fungsi pengawasan                main bodies to supervise and advise the Board
     05                                         dan memberikan nasihat kepada Direksi terkait               of Directors concerning the management of the
                                                pengelolaan Perseroan. Fungsi pengawasan Dewan              Company. The supervisory function of the Board of
                                                Komisaris telah diatur dalam Undang-Undang Nomor            Commissioners has been regulated in Law Number 40
    06                                          40 Tahun 2007 tentang Perseroan Terbatas yang turut         of 2007 concerning Limited Liability Companies, which
                                                mempertimbangkan pencapaian visi dan tujuan usaha           considers the vision and business achievement and the
                                                serta implementasi GCG.                                     implementation of GCG.

                                                MASA JABATAN DEWAN KOMISARIS                                TERM OF OFFICE OF THE BOARD OF
                                                                                                            COMMISSIONERS

                                                Para anggota Dewan Komisaris diangkat dan                   The members of the Board of Commissioners are
                                                diberhentikan oleh RUPS. Masa jabatan anggota Dewan         appointed and dismissed by the GMS. The members of
                                                Komisaris terhitung sejak tanggal yang ditetapkan oleh      the Board of Commissioners started their work from the
                                                RUPS yang mengangkatnya dan berakhir pada penutupan         GMS appointment date and ended by the time the third
Tata Kelola Perusahaan - Corporate Governance




                                                RUPS Tahunan ke-3 (tiga) pada akhir 1 (satu) periode        Annual GMS closed at the end of the first term of their
                                                masa jabatan yang dimaksud. Pengangkatan Dewan              tenure. The appointment of the Board of Commissioners
                                                Komisaris dilakukan dengan memperhatikan peraturan          is carried out according to laws and regulations in the
                                                perundang-undangan di bidang Pasar Modal dengan             Capital Market sector, but without reducing the right of
                                                tidak mengurangi hak RUPS untuk memberhentikan              the GMS to, at any time, dismiss them before their term
                                                anggota Dewan Komisaris sewaktu-waktu sebelum masa          of office ends, with consideration to the provisions of
                                                jabatannya berakhir, dengan memperhatikan ketentuan         the Articles of Association.
                                                Anggaran Dasar Perusahaan.

                                                KOMPOSISI DEWAN KOMISARIS                                   COMPOSITION OF THE BOARD OF
                                                                                                            COMMISSIONERS

                                                Susunan keanggotaan Dewan Komisaris tahun 2025              The composition of the Board of Commissioners in
                                                mengalami perubahan. Informasinya telah disampaikan di      2025 experienced some changes. The information has
                                                bab “Profil Perusahaan”, sub-bab “Perubahan Komposisi       been disclosed in the “Company Profile” chapter, sub-
                                                Dewan Komisaris dan Direksi” dan profil seluruh anggota     chapter “Changes in the Composition of the Board of
                                                Dewan Komisaris yang menjabat saat ini dapat dilihat di     Comissioners and Board of Directors” and the profiles
                                                bab yang sama, pada sub-bab “Profil Dewan Komisaris”        of current members are available in the same chapter,
                                                dan “Profil Direksi”.                                       under the sub-chapter “Board of Commissioners’ Profile”
                                                                                                            and “Board of Directors’ Profile”.

                                                Susunan keanggotaan Dewan Komisiaris yang menjabat          The current composition has followed OJK Regulation
                                                saat ini telah memenuhi ketentuan Peraturan OJK No.         No. 33/POJK.04/2014 which regulated the total members
                                                33/POJK.04/2014 mengenai jumlah anggota Dewan               to comprise of at least 2 (two) Commissioners. Currently,
                                                Komisaris, yakni paling kurang terdiri dari 2 (dua) orang   the Company’s Board of Commissioners consist of 4
                                                anggota Dewan Komisaris. Saat ini, Dewan Komisaris          (four) members.
                                                Perseroan terdiri dari 4 (empat) orang anggota.

                                                Selaras dengan prinsip GCG, keahlian mayoritas anggota      In line with the principles of GCG, most members of
                                                Dewan Komisaris memiliki pengalaman dan kemampuan           the Board of Commissioners have the experience and
                                                sesuai dengan kebutuhan Perseroan.                          expertise that that are required by the Company.

                                                Berikut disampaikan susunan Dewan Komisaris yang            Here is the information concerning the current
                                                menjabat saat ini:                                          composition of the Board of Commissioners:




222
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                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
    Nama                  Jabatan             Dasar Pengangkatan                Masa Jabatan                 Periode Jabatan
    Name                  Position            Basis of Appointment              Term of Office                 Office Term
                                                                          5 Juni 2025 hingga penutupan
                   Komisaris Utama/           Keputusan RUPS Luar Biasa   R U P S Ta h u n a n y a n g
                   Independen                 tanggal 5 Juni 2025         diselenggarakan tahun 2028       Pertama
Oki Yanuar
                   President/Independent      Extraordinary GMS dated     June 5, 2025 until the closing   First
                   Commissioner               June 5, 2025                of the Annual GMS organized
                                                                          in 2028

                                                                          5 Juni 2025 hingga penutupan
                                              Keputusan RUPS Luar Biasa   R U P S Ta h u n a n y a n g
                   Komisaris Independen       tanggal 5 Juni 2025         diselenggarakan tahun 2028       Pertama
Dean Arslan
                   Independent Commissioner   Extraordinary GMS dated     June 5, 2025 until the closing   First
                                              June 5, 2025                of the Annual GMS organized
                                                                          in 2028

                                                                          5 Juni 2025 hingga penutupan




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                              Keputusan RUPS Luar Biasa   R U P S Ta h u n a n y a n g
Giring Ganesha     Komisaris                  tanggal 5 Juni 2025         diselenggarakan tahun 2028       Pertama
Djumaryo           Commissioner               Extraordinary GMS dated     June 5, 2025 until the closing   First
                                              June 5, 2025                of the Annual GMS organized
                                                                          in 2028

                                                                          26 September 2025 hingga
                                              Keputusan RUPS Luar         penutupan RUPS Tahunan
                                              Biasa pada tanggal 26       yang diselenggarakan tahun
                   Komisaris                                                                               Pertama
Sugiharto Prapto                              September 2025              2028
                   Commissioner                                                                            First
                                              Extraordinary GMS on        September 26, 2025 until the
                                              September 26, 2025          closing of the Annual GMS
                                                                          organized in 2028



KOMISARIS INDEPENDEN                                              INDEPENDENT COMMISSIONER

Komisaris Independen merupakan anggota Dewan                      Independent Commissioner is a member of the
Komisaris yang tidak memiliki hubungan keuangan,                  Board of Commissioners who has no financial
kepengurusan, kepemilikan saham dan/atau hubungan                 relationship, management, share ownership and/or
keluarga dengan anggota Dewan Komisaris, anggota                  family relationships with members of the Board of
Direksi dan/atau pemegang saham pengendali atau                   Commissioners, members of the Board of Directors
dengan perusahaan yang mungkin menghalangi atau                   and/or controlling shareholders or with a company
menghambat posisinya untuk bertindak independen                   that may hinder his position to act independently and
dan obyektif semata-mata demi kepentingan Perseroan               objectively for the benefit of the Company based on
dan independen dengan berpedoman pada prinsip                     the principles of GCG. Independent Commissioner is
GCG. Komisaris Independen bertanggung jawab untuk                 responsible to oversee and represent the interests of
melakukan pengawasan dan juga mewakili kepentingan                minority shareholders.
pemegang saham minoritas.

Dari 4 (empat) orang anggota Dewan Komisaris                      Out of 4 (four) members of the Company’s Board of
Perseroan, 2 (dua) orang menjabat sebagai Komisaris               Commissioners, 2 (two) are Independent Commissioners,
Independen, atau 50% dari jumlah anggota Dewan                    covering 50% of the entire members of the Board of
Komisaris. Jumlah ini memenuhi ketentuan terkait                  Commissioners. This has complied with the provision
Komisaris Independen yang diwajibkan minimal 30%                  regarding Independent Commissioner to meet at
dari jumlah keseluruhan Dewan Komisaris.                          least 30% of the entire members of the Board of
                                                                  Commissioners.

Kriteria Penentuan Komisaris Independen Penetapan                 Criteria to Determine Independent Commissioners The
Komisaris Independen telah mempertimbangkan dan                   appointment of an Independent Commissioner has been
memenuhi kriteria yang diatur dalam Peraturan Otoritas            considered and fulfilled the criteria stipulated in the
Jasa Keuangan Nomor 33/POJK.04/2014 tentang Direksi               Financial Services Authority Regulation Number 33/
dan Dewan Komisaris atau Perusahaan Publik.                       POJK.04/2014 concerning the Board of Directors and
                                                                  the Board of Commissioners or Public Companies.




                                                                                                                               223
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       01

                                                                            Kriteria Independensi
                                                                                                                                         Oki Yanuar           Dean Arslan
     02                                                                     Independence Criteria
                                                 Memiliki hubungan keuangan dengan anggota Dewan Komsiaris lainnya, anggota
                                                 Direksi dan/atau Pemegang Saham Pengendali                                          Tidak ada            Tidak ada
                                                 Have financial relations with other members of the Board of Commissioners,          None                 None
    03                                           members of the Board of Directors and/or Controlling Shareholders

                                                 Memiliki hubungan kepengurusan Perusahaan dengan anggota Dewan Komisaris
                                                 lainnya, anggota Direksi, dan/atau Pemegang Saham Pengendali
      04                                         Have a relationship with the management of the Company with other members of
                                                                                                                                     Tidak ada            Tidak ada
                                                                                                                                     None                 None
                                                 the Board of Commissioners, members of the Board of Directors, and/or Controlling
                                                 Shareholders
     05                                          Memiliki hubungan kepemilikan saham dengan anggota Dewan Komisaris lainnya,
                                                 anggota Direksi, dan/atau Pemegang Saham Pengendali                                 Tidak ada            Tidak ada
                                                 Have a stock ownership relationship with other members of the Board of              None                 None
                                                 Commissioners, members of the Board of Directors, and/or Controlling Shareholders
    06
                                                 Memiliki hubungan keluarga dengan anggota Dewan Komisaris lainnya, anggota
                                                 Direksi, dan/atau Pemegang Saham Pengendali                                         Tidak ada            Tidak ada
                                                 Have family relations with other members of the Board of Commissioners, members     None                 None
                                                 of the Board of Directors, and/or Controlling Shareholders


                                                TUGAS DAN TANGGUNG JAWAB                                               DUTIES AND RESPONSIBILITIES OF THE
                                                DEWAN KOMISARIS                                                        BOARD OF COMMISSIONERS

                                                Sebagaimana diatur dalam Anggaran Dasar dan Pedoman                    As stipulated in the Articles of Association and Board of
                                                Dewan Komisaris, Dewan Komisaris bertugas melakukan                    Commissioners Charter, the Board of Commissioners has
                                                pengawasan terhadap kebijakan pengurusan, jalannya                     a task to supervise the management policies, the general
Tata Kelola Perusahaan - Corporate Governance




                                                pengurusan pada umumnya baik mengenai Perseroan                        management of the Company and its business which run
                                                maupun usaha Perseroan oleh Direksi, serta memberikan                  by the Board of Directors, advising the Board of Directors
                                                nasihat kepada Direksi termasuk pengawasan terhadap                    that includes overseeing the implementation of Long
                                                pelaksanaa Rencana Jangka Panjang Perseroan, Rencana                   Term Plan, Work Plan and Budget and the provisions
                                                Kerja dan Anggaran Perseroan serta ketentuan Anggaran                  of the Articles of Association and the Resolutions of
                                                Dasar dan Keputusan Rapat Umum Pemegang Saham,                         GMS, applicable laws and regulations, the interests of
                                                serta peraturan perundang-undangan yang berlaku,                       the Company, and following the Company’s purpose
                                                kepentingan Perseroan dan sesuai dengan maksud                         and objective. Furthermore, in carrying out its duties,
                                                dan tujuan Perseroan. Selanjutnya, dalam menjalankan                   the Board of Commissioners is obliged to carry out the
                                                tugasnya tersebut, Dewan Komisaris berkewajiban                        following responsibilities:
                                                mengemban tanggung jawab sebagai berikut:
                                                1. Memberikan nasihat kepada Direksi dalam menjalankan                 1. Advise the Directors in carrying out management
                                                    aktivitas pengelolaan dan pengurusan Perseroan;                       and management activities of the Company;
                                                2. Meneliti dan menelaah serta menandatangani Rencana                  2. Review and approve, and sign the Company’s Long-
                                                    Jangka Panjang Perusahaan (“RJPP”) dan Rencana                        Term Plan (RJPP) and the Company’s Work Plan and
                                                    Kerja dan Anggaran Perusahaan (“RKAP”) yang disusun                   Budget (RKAP) prepared by the Directors with due
                                                    oleh Direksi dengan memperhatikan nilai-nilai yang                    regard to the values contained in the Company’s
                                                    terkandung dalam Anggaran Dasar Perseroan;                            Articles of Association;
                                                3. Memberikan pendapat dan saran kepada Rapat                          3. Provide opinions and suggestions to the General
                                                    Umum Pemegang Saham mengenai alasan                                   Meeting of Shareholders regarding the reasons for the
                                                    disetujuinya RJPP dan RKAP;                                           approval of the Company’s Long Term Plan (RJPP) and
                                                                                                                          the Company’s Work Plan and Budget (RKAP);
                                                4. Memberikan arahan atas kepatuhan Perseroan                          4. Supervising on the Company’s compliance on all
                                                   terhadap seluruh perjanjian, perikatan dan komitmen                    agreements, binding, and commitment with third
                                                   yang dibuat oleh Perseroan dengan pihak ketiga;                        parties;
                                                5. Mengikuti perkembangan kegiatan Perseroan serta                     5. Following the development of the Company’s
                                                   memberikan pendapat dan saran kepada Rapat                             activities as well as providing opinions and
                                                   Umum Pemegang Saham mengenai masalah yang                              suggestions to the General Meeting of Shareholders
                                                   dianggap penting bagi kepengurusan Perseroan;                          regarding issues considered important to the
                                                                                                                          management of the Company;
                                                6. Menyampaikan pelaporan dengan segera kepada                         6. Submitting reports to the General Meeting of
                                                   Rapat Umum Pemegang Saham apabila terjadi gejala                       Shareholders if there are symptoms of a decline in
                                                   menurunnya kinerja Perseroan dan kejadian penting                      the Company’s performance and other important
                                                   lainnya yang perlu diketahui oleh Rapat Umum                           events;
                                                   Pemegang Saham;


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7. Mengkaji laporan berkala dan laporan tahunan               7. Review periodic and annual reports prepared by the
    yang disiapkan oleh Direksi serta menandatangani             Directors and sign the Annual Report;
    Laporan Tahunan;
8. Memberikan penjelasan, pendapat, dan saran kepada          8. Provide explanations, opinions, and suggestions to
    Rapat Umum Pemegang Saham mengenai Laporan                   the General Meeting of Shareholders regarding the
    Tahunan, apabila diminta;                                    Annual Report, if requested;
9. Mengusulkan Akuntan Publik untuk melakukan audit           9. Propose a Public Accountant to audit the Annual
    Laporan Tahunan kepada Rapat Umum Pemegang                   Report to the General Meeting of Shareholders;
    Saham;
10. Melakukan evaluasi terhadap kinerja komite yang           10. Evaluate the performance of the responsible
    membantu pelaksanaan tugas dan tanggung                       committee on the implementation of duties and
    jawabnya setiap akhir tahun buku;                             responsibilities at every end of the year;
11. Mengusulkan Akuntan Publik kepada Rapat Umum              11. Propose a Public Accountant to the General Meeting
    Pemegang Saham;                                               of Shareholders;




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
12. Membuat Risalah Rapat Dewan Komisaris dan                 12. Make Minutes of Board of Commissioners’ Meetings
    menyimpan salinannya;                                         and keep a copy of them;
13. Melaporkan kepada Perseroan mengenai kepemilikan          13. Report to the Company regarding their share
    sahamnya dan/atau keluarganya pada Perseroan dan              ownership and/or their family's share ownership in
    Perseroan lain;                                               the Company and other companies;
14. Memberikan laporan tentang tugas pengawasan               14. Provide reports on the supervisory tasks that have
    yang telah dilakukan selama tahun buku yang baru              been carried out during the new financial year to
    lampau kepada Rapat Umum Pemegang Saham;                      the General Meeting of Shareholders;
15. Melaksanakan kewajiban lainnya dalam rangka tugas         15. Carrying out other obligations in the context of
    pengawasan dan pemberian nasihat, sepanjang                   supervisory duties and providing advice, as long as
    tidak bertentangan dengan peraturan perundang-                it does not conflict with the laws and regulations,
    undangan, Anggaran Dasar Perusahaan, dan/atau                 the Articles of Association, and/or General Meeting
    Keputusan Rapat Umum Pemegang Saham.                          of Shareholders’ Resolutions.

PEMBAGIAN TUGAS ANTAR DEWAN                                   DISTRIBUTION OF TASKS BETWEEN
KOMISARIS                                                     THE BOARD OF COMMISSIONERS

Guna menjamin efektivitas fungsi pengawasan secara            In order to ensure the effectiveness of the overall
menyeluruh, setiap anggota Dewan Komisaris memiliki           supervisory function, each member of the Board
tugas dan tanggung jawab masing-masing sebagaimana            of Commissioners has their respective duties and
ditetapkan dalam Revisi Rencana Kerja Dewan Komisaris         responsibilities as stipulated in the Revised Work Plan
tanggal 6 Oktober 2025. Pembagian tugas masing-               of the Board of Commissioners dated October 6, 2025.
masing anggota Dewan Komisaris dituangkan ke dalam            The division of duties of each member of the Board of
tabel sebagai berikut.                                        Commissioners is outlined in the following table.


Oki Yanuar
Komisaris Utama/Independen | President/Independent Commissioner

1.   Kinerja Perseroan                                       1.   Company Performance
2.   RJPP & RKAP                                             2.   RJPP & RKAP
3.   Nominasi dan Remunerasi                                 3.   Nomination and Remuneration
4.   Pengelolaan SDM                                         4.   Human Resources Management
5.   Pengelolaan Anak Perusahaan/Perusahaan Patungan         5.   Management of Subsidiaries/Joint Ventures
6.   Sistem Teknologi Informasi                              6.   Information Technology Systems

Dean Arslan
Komisaris Independen | Independent Commissioner

1. Kinerja Perseroan                                         1. Company Performance
2. Audit eksternal dan audit internal                        2. External and Internal Audits
3. Laporan Keuangan & Standar Akuntansi                      3. Financial Reports & Accounting Standards
4. GCG & Compliance                                          4. GCG & Compliance
5. Sistem Pengendalian Internal                              5. Internal Control System
6. RJPP & RKAP                                               6. RJPP & RKAP
7. Nominasi dan Remunerasi                                   7. Nomination and Remuneration
8. Pengadaan Barang & Jasa                                   8. Procurement of Goods & Services
9. Kebijakan Mutu & Pelayanan                                9. Quality & Service Policy
10. Pengelolaan Anak Perusahaan/Perusahaan Patungan          10. Management of Subsidiaries/Joint Ventures




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       01
                                                 Giring Ganesha Djumaryo
                                                 Komisaris | Commissioner
     02
                                                 1.   Kinerja Perseroan                                    1.   Company Performance
                                                 2.   GCG & Compliance                                     2.   GCG & Compliance
                                                 3.   Sistem Pengendalian Internal                         3.   Internal Control System
    03                                           4.   Manajemen Risiko Perseroan                           4.   Company Risk Management
                                                 5.   RJPP & RKAP                                          5.   RJPP & RKAP
                                                 6.   Nominasi dan Remunerasi                              6.   Nomination and Remuneration
                                                 7.   Pengelolaan SDM                                      7.   Human Resources Management
      04                                         8.   Pengelolaan Anak Perusahaan/Perusahaan Patungan      8.   Management of Subsidiaries/Joint Ventures
                                                 9.   Sistem Teknologi Informasi                           9.   Information Technology System

                                                 Sugiharto Prapto
     05                                          Komisaris | Commissioner

                                                 1.   Kinerja Perseroan                                    1.   Company Performance
                                                 2.   GCG & Compliance                                     2.   GCG & Compliance
    06                                           3.   Sistem Pengendalian Internal                         3.   Internal Control System
                                                 4.   Manajemen Risiko Perseroan                           4.   Corporate Risk Management
                                                 5.   RJPP & RKAP                                          5.   RJPP & RKAP
                                                 6.   Pengelolaan SDM                                      6.   Human Resource Management
                                                 7.   Pengadaan Barang & Jasa                              7.   Procurement of Goods & Services
                                                 8.   Pengelolaan Anak Perusahaan/Perusahaan Patungan      8.   Management of Subsidiaries/Joint Ventures
                                                 9.   Sistem Teknologi Informasi                           9.   Information Technology System


                                                PROGRAM PENGENALAN BAGI                                     INTRODUCTION PROGRAM FOR NEW
                                                KOMISARIS BARU                                              COMMISSIONERS

                                                Terdapat kebijakan program pengenalan (induksi)             There is a policy on an introduction (induction) program
Tata Kelola Perusahaan - Corporate Governance




                                                bagi Komisaris yang baru menjabat untuk memberikan          for newly appointed Commissioners to provide in-depth
                                                pengetahuan mendalam mengenai Perseroan.                    knowledge regarding the Company. The responsibility to
                                                Penanggung jawab program pengenalan berada pada             hold the induction program is in the Corporate Secretary.
                                                fungsi Sekretaris Perusahaan.

                                                Penyelenggaraan program pengenalan tersebut memuat          The program covers the following material:
                                                materi sebagai berikut:
                                                1. Pelaksanaan prinsip-prinsip Good Corporate               1. Implementation of the principles of Good Corporate
                                                   Governance;                                                 Governance;
                                                2. Gambaran mengenai Perseroan berkaitan dengan             2. Description of the Company relating to the
                                                   tujuan, sifat, dan lingkup kegiatan, kinerja keuangan       objectives, nature and scope of activities, financial
                                                   dan operasi, strategi, rencana usaha jangka pendek          and operating performance, strategies, short-term
                                                   dan jangka panjang, posisi kompetitif, risiko dan           and long-term business plans, competitive positions,
                                                   masalah-masalah strategis lainnya;                          risks, and other strategic issues;
                                                3. Keterangan berkaitan dengan kewenangan yang              3. Information relating to delegated authority, internal
                                                   didelegasikan, audit internal dan eksternal, sistem         and external audit, internal control systems and
                                                   dan kebijakan pengendalian internal, termasuk               policies, including the Audit Committee;
                                                   Komite Audit;
                                                4. Keterangan mengenai tugas dan tanggung jawab             4. Information regarding the duties and responsibilities
                                                   Dewan Komisaris/Dewan Pengawas dan Direksi serta            of the Board of Commissioners/Board of Trustees
                                                   hal-hal yang tidak diperbolehkan;                           and the Board of Directors as well as matters that
                                                                                                               are not permitted;
                                                5. Peraturan perundang-undangan yang terkait dengan         5. Legislation relating to the Company’s business
                                                   kegiatan usaha Perseroan.                                   activities.

                                                Perseroan menggelar program pengenalan bagi                 The Company conducted an induction program for new
                                                Komisaris baru yang dilakukan pada tanggal 18 Juni          Commissioners on June 18, 2025. The program was
                                                2025. Program ini dihadiri oleh Bapak Oki Yanuar, Bapak     attended by Mr. Oki Yanuar, Mr. Dean Arslan, and Mr.
                                                Dean Arslan dan Bapak Giring Ganesha Djumaryo. Sesi         Giring Ganesha Djumaryo. A subsequent session was
                                                berikutnya diadakan pada tanggal 2 Oktober 2025 dan         held on October 2, 2025 and attended by Sugiharto
                                                dihadiri oleh Bapak Sugiharto Prapto.                       Prapto.




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PELAKSANAAN TUGAS DEWAN                                  IMPLEMENTATION OF THE BOARD OF
KOMISARIS                                                COMMISSIONERS’ DUTIES

Pelaksanaan tugas dan tanggung jawab pengawasan          The implementation of the Board of Commissioners'
Dewan Komisaris pada tahun 2025 telah mengacu            supervisory duties and responsibilities in 2025 has
kepada rencana kerja yang disusun pada awal tahun        referred to the work plan prepared at the beginning of
demi menjamin integritas dan keselarasan realisasi       the year in order to ensure the integrity and alignment
pelaksanaan tugas dengan rencana kerja. Realisasi        of the realisation of duties with the work plan. The
tugas pengawasan yang dilaksanakan Dewan Komisaris       realisation of supervisory duties carried out by the
sepanjang tahun 2025 antara lain sebagai berikut:        Board of Commissioners throughout 2025 included
                                                         the following:
1. Memberikan saran dan masukan mengenai kinerja         1. Provided advice and input on the Company’s
   Perseroan secara berkala sepanjang tahun 2025.            performance on a regular basis through joint
                                                             meetings of the Board of Commissioners and the




                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                             Board of Directors throughout 2025.
2. Memberikan saran dan masukan terkait pelaksanaan      2. Provided advice and input on the implementation of
    program reaktivasi armada Garuda Indonesia dan           the Garuda Indonesia and Citilink fleet reactivation
    Citilink beserta implikasinya terhadap operasional       program, including its implications for the Company’s
    dan kinerja Perseroan.                                   operations and performance.
3. Memberikan saran dan masukan terkait pengelolaan      3. Provided advice and input on the management
    SLA, dispatch reliability, inventory, component          of SLA, dispatch reliability, inventory, component
    maintenance, dan produktivitas operasional               maintenance, and the Company’s operational
    Perseroan.                                               productivity.
4. Memberikan saran dan masukan atas pengembangan        4. Provided advice and input on the Company’s
    proyek strategis Perseroan, termasuk rencana             strategic projects, including the Aerospace Park
    pengembangan Aerospace Park Kertajati.                   Kertajati development plan.
5. Memberikan persetujuan bersyarat atas rencana         5. Granted conditional approval for the proposed
    Kerja Sama Operasi antara Perseroan dengan               Operational Cooperation between the Company and
    PT Bandarudara Internasional Jawa Barat.                 PT Bandarudara Internasional Jawa Barat.
6. Memberikan saran dan masukan atas pengembangan        6. Provided advice and input on the Company’s business
    bisnis Perseroan di Oman, termasuk aspek                 development plan in Oman, including operational,
    operasional, SDM, dan kemitraan strategis.               human capital, and strategic partnership aspects.
7. Memberikan saran dan masukan atas rencana             7. Provided advice and input on the Company’s capital
    penambahan modal Perseroan melalui HMETD/                increase plan through HMETD/PMHMETD and the
    PMHMETD serta proses imbreng lahan.                      land inbreng process.
8. Memberikan saran dan tanggapan atas pelaksanaan       8. Provided comments and responses to the Revised
    revisi RKAP Tahun 2025, RKAP Tahun 2026, dan             2025 RKAP, 2026 RKAP, and 2026–2030 RJPP.
    RJPP Tahun 2026–2030.
9. Memberikan saran dan masukan atas pelaksanaan         9. Provided advice and input on the assessment and
    assessment dan review penerapan Good Corporate           review of the implementation of Good Corporate
    Governance tahun 2025.                                   Governance in 2025.
10. Memberikan saran dan masukan atas penguatan          10. Provided advice and input on strengthening
    sistem pengendalian internal dan implementasi            the Company’s internal control system and
    manajemen risiko Perseroan.                              implementation of risk management.
11. Memberikan persetujuan atas revisi Kebijakan         11. Approved the revision of the Company’s Risk
    Manajemen Risiko Perseroan.                              Management Policy.
12. Memberikan persetujuan atas kriteria pengadaan       12. Approved the criteria for the procurement of long-
    barang dan jasa jangka panjang Perseroan.                term goods and services of the Company.
13. Memberikan arahan atas proses pelaksanaan            13. Provided direction on the implementation process of
    pemeringkatan untuk penilaian tingkat kesehatan          the corporate rating for the Company’s health level
    Perseroan tahun buku 2024.                               assessment for financial year 2024.
14. Memberikan saran dan masukan atas proses             14. Provided advice and input on the procurement
    pengadaan jasa Kantor Akuntan Publik untuk audit         process for a Public Accounting Firm to audit the
    laporan keuangan tahun buku 2025.                        Company’s 2025 financial statements.
15. Memberikan persetujuan atas penunjukan Akuntan       15. Approved the appointment of the Public Accountant
    Publik dan/atau Kantor Akuntan Publik untuk audit        and/or Public Accounting Firm to audit the Company’s
    laporan keuangan Perseroan tahun buku 2025.              financial statements for financial year 2025.
16. Memberikan persetujuan atas penetapan imbalan        16. Approved the audit service fee for the Public
    jasa audit Akuntan Publik/Kantor Akuntan Publik          Accountant/Public Accounting Firm for financial
    tahun buku 2025.                                         year 2025.


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       01

                                                17. Memberikan persetujuan atas penunjukan Akuntan          17. Approved the appointment of the Public Accountant
     02                                             Publik dan/atau Kantor Akuntan Publik untuk audit           and/or Public Accounting Firm to audit the financial
                                                    laporan keuangan periode 30 Juni 2025 dalam                 statements for the period ended 30 June 2025 in
                                                    rangka corporate action Perseroan.                          relation to the Company’s corporate action.
    03                                          18. Memberikan evaluasi atas pencapaian kinerja Direksi     18. Evaluated the achievement of the Board of Directors’
                                                    Perseroan tahun buku 2024.                                  performance for financial year 2024.
                                                19. Memberikan rekomendasi mengenai insentif kinerja        19. Provided recommendations on the 2024 performance
                                                    tahun 2024 serta remunerasi Direksi dan Dewan               incentive and the 2025 remuneration for the Board
      04
                                                    Komisaris tahun 2025.                                       of Directors and the Board of Commissioners.
                                                20. Memberikan saran dan masukan atas tindak lanjut         20. Provided advice and input on the follow-up
                                                    rekomendasi audit internal dan audit eksternal              of the Company’s internal and external audit
     05                                             Perseroan.                                                  recommendations.
                                                21. Memberikan saran dan masukan atas pengelolaan           21. Provided advice and input on human capital
                                                    SDM, efektivitas organisasi, retensi pegawai, dan           management, organizational effectiveness, employee
    06                                              penguatan kapabilitas Perseroan.                            retention, and capability strengthening of the Company.
                                                22. Memberikan saran dan masukan atas pengembangan          22. Provided advice and input on the development of
                                                    sistem teknologi informasi dan inisiatif strategis          information technology systems and the Company’s
                                                    Perseroan.                                                  strategic initiatives.

                                                Fokus Pengawasan Dewan Komisaris                            The Board of Commissioners’ Oversight
                                                                                                            Focus
                                                Adapun fokus pengawasan Dewan Komisaris pada tahun          The focus of the Board of Commissioners’ oversight
                                                2025 diarahkan pada penguatan tata kelola perusahaan,       in 2025 was directed toward strengthening corporate
                                                peningkatan kualitas pemulihan kinerja keuangan             governance, improving the quality of the Company’s
                                                dan operasional, serta pengendalian risiko strategis        financial and operational recovery, and controlling
Tata Kelola Perusahaan - Corporate Governance




                                                Perseroan di tengah pelaksanaan berbagai agenda             strategic risks amid the implementation of various
                                                transformasi dan aksi korporasi. Dalam aspek kinerja dan    transformation agendas and corporate actions. In terms
                                                keuangan, Dewan Komisaris memfokuskan pengawasan            of performance and finance, the Board of Commissioners
                                                pada pencapaian target RKAP, perbaikan kualitas             focused its supervision on the achievement of the RKAP
                                                laba, penguatan arus kas dan likuiditas, efektivitas        targets, improvement in earnings quality, strengthening
                                                pengendalian biaya, serta peningkatan kesinambungan         of cash flow and liquidity, effectiveness of cost control,
                                                pendapatan, khususnya dari pasar non-group, dengan          and enhancement of revenue sustainability, particularly
                                                tetap memperhatikan keberhasilan program reaktivasi         from the non-group market, while also taking into
                                                armada dan dampaknya terhadap kinerja Perseroan.            account the success of the fleet reactivation program
                                                                                                            and its impact on the Company’s performance.

                                                Selain itu, pengawasan juga diarahkan pada pelaksanaan      In addition, the Board of Commissioners’ supervision was
                                                inisiatif strategis Perseroan, termasuk pengembangan        directed toward the implementation of the Company’s
                                                Aerospace Park Kertajati, rencana ekspansi bisnis di        strategic initiatives, including the development of
                                                Oman, proses peningkatan ekuitas melalui HMETD dan          the Kertajati Aerospace Park, the planned business
                                                inbreng lahan, serta penyusunan Revisi RKAP 2025, RKAP      expansion in Oman, the equity enhancement process
                                                2026, dan RJPP 2026–2030. Dalam konteks tersebut,           through HMETD and land inbreng, as well as the
                                                Dewan Komisaris menaruh perhatian pada kelayakan            preparation of the Revised 2025 RKAP, the 2026
                                                bisnis, kecukupan mitigasi risiko, kesiapan pendanaan,      RKAP, and the 2026–2030 RJPP. In this context, the
                                                perlindungan aspek hukum, serta keselarasan setiap          Board of Commissioners placed particular emphasis on
                                                langkah strategis dengan arah kebijakan pemegang            business feasibility, adequacy of risk mitigation, funding
                                                saham dan kepentingan jangka panjang Perseroan.             readiness, legal safeguards, and the alignment of each
                                                                                                            strategic initiative with shareholder policy direction and
                                                                                                            the Company’s long-term interests.

                                                Dari sisi tata kelola, risiko, dan kepatuhan, Dewan         From the governance, risk, and compliance perspective,
                                                Komisaris memfokuskan pengawasan pada evaluasi              the Board of Commissioners focused its supervision
                                                penerapan GCG dan tindak lanjut atas hasil review,          on the evaluation of GCG implementation and the
                                                penguatan sistem pengendalian internal, penyempurnaan       follow-up of review results, the strengthening of the
                                                kebijakan manajemen risiko, pemantauan top risks            internal control system, the refinement of the risk
                                                Perseroan, serta tindak lanjut atas rekomendasi audit       management policy, the monitoring of the Company’s
                                                internal dan eksternal. Pengawasan juga mencakup            top risks, and the follow-up of internal and external audit
                                                proses penunjukan Akuntan Publik dan Kantor                 recommendations. The supervisory focus also covered
                                                Akuntan Publik, evaluasi kinerja Direksi, serta kebijakan   the appointment process of the Public Accountant and
                                                remunerasi Direksi dan Dewan Komisaris. Dengan fokus        Public Accounting Firm, the evaluation of the Board of


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                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
pengawasan tersebut, Dewan Komisaris berupaya                        Directors’ performance, as well as the remuneration
memastikan bahwa seluruh keputusan dan langkah                       policy for the Board of Directors and the Board of
strategis Perseroan dilaksanakan secara prudent,                     Commissioners. Through such supervisory focus,
akuntabel, dan selaras dengan prinsip tata kelola                    the Board of Commissioners sought to ensure that all
perusahaan yang baik guna mendukung keberlanjutan                    strategic decisions and actions of the Company were
usaha Perseroan.                                                     implemented prudently, accountably, and in line with
                                                                     the principles of good corporate governance in order to
                                                                     support the sustainability of the Company’s business.

PENILAIAN KINERJA KOMITE DAN                                         ASSESSMENT OF THE COMMITTEES
ORGAN PENDUKUNG DI BAWAH                                             AND SUPPORTING BODIES UNDER THE
DEWAN KOMISARIS                                                      BOARD OF COMMISSIONERS

Dewan Komisaris menjalankan tugas pengawasannya                      The Board of Commissioners performs the supervision




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
dengan dibantu oleh 4 (empat) organ pendukung                        with the assistance of 4 (four) supporting bodies, the
yaitu Sekretaris Dewan Komisaris (SDK), Komite Audit,                Secretary of the Board of Commissioners, Committee
Komite Nominasi dan Remunerasi (KNR), dan Komite                     Audit, the Nomination and Remuneration Committee
Pengembangan usaha dan Pemantau Risiko (KPUPR).                      (KNR), and the Business Development and Risk
Penilaian kinerja masing-masing organ dilakukan dengan               Monitoring Committee (KPUPR). The assessment of
mengacu kepada Pedoman Tata Kelola Perusahaan                        each organ is carried out by referring to the Company's
Perseroan tanggal 31 Desember 2024 yang dilaksanakan                 Corporate Governance Guidelines dated December 31,
dengan menggunakan kriteria dan metodologi yang                      2024, using relevant criteria and methodology. Until
relevan. Hingga akhir 2025, belum ada peraturan baru                 the end of 2025, there have been no new regulations
yang mengatur mengenai kriteria dan metode terbaru.                  governing the latest criteria and methods. Meanwhile,
Adapun untuk Penilaian kinerja Sekretaris Dewan                      the assessment of the Secretary to the Board of
Komisaris memiliki parameter yang berbeda dengan                     Commissioners has different parameters from the
penilaian kinerja komite-komite. Berikut disampaikan                 committees. Below are the parameters and results of
parameter dan hasil penilaian kinerja dari masing-masing             the assessment of each supporting organ:
organ pendukung:


                                       Penilaian Kinerja Sekretaris Dewan Komisaris
                                 Assessment of the Secretary to the Board of Commissioners
                           Parameter                                    Bobot           Pencapaian             Skor
                           Parameter                                    Weight          Achievement            Score
 Parameter Pertama/First Paramater
 Sekretaris Dewan Komisaris memiliki uraian tugas yang jelas.
                                                                         20%                100%                100%
 The Secretary to the Board of Commissioners has a clear job
 description.
 Parameter Kedua/Second Paramater
 Sekretaris Dewan Komisaris melakukan administrasi dan penyimpanan
 dokumen.                                                                30%                100%                100%
 The Secretary to the Board of Commissioners deals with the
 administration and retention of documents.
 Parameter Ketiga/Third Paramater
 Sekretaris Dewan Komisaris menyelenggarakan rapat Dewan
 Komisaris dan rapat/pertemuan antara Dewan Komisaris dengan
 Pemegang Saham, Direksi maupun pihak-pihak terkait lainnya.
                                                                         30%                100%                100%
 The Secretary to the Board of Commissioners holds a Board of
 Commissioners meeting and a meeting between the Board of
 Commissioners and the Shareholders, Directors, and other related
 parties.
 Parameter Keempat/Fourth Paramater
 Sekretaris Dewan Komisaris menyediakan data/informasi yang
 diperlukan oleh Dewan Komisaris dan komite-komite di lingkungan
 Dewan Komisaris.                                                        20%                100%                100%
 The Secretary to the Board of Commissioners provides data/
 information needed by the Board of Commissioners and committees
 within the Board of Commissioners.
Total Persentase Pencapaian                                            Total Skor/Total Bobot *100%
                                                                                                                100%
Total Percentage of Achievement                                        Total Score/Total Weight *100%




                                                                                                                               229
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       01

                                                Penilaian Kinerja Komite Dewan                                        Committees’ Performances
     02                                         Komisaris

                                                Terdapat 3 (tiga) Komite yang dibentuk oleh Dewan                     There are 3 (three) Committees formed by the Board
    03                                          Komisaris sesuai dengan peraturan perundang-                          of Commissioners in accordance with applicable
                                                undangan yang berlaku dan juga sesuai dengan                          laws and regulations and the Company's needs. The
                                                kebutuhan Perseroan. Berikut adalah parameter dan                     following are the parameters and assessments of the
                                                penilaian kinerja Komite Dewan Komisaris secara umum                  Board of Commissioners' Committees regarding the
      04
                                                atas pelaksanaan tugas yang dilaksanakan sepanjang                    implementation of their duties throughout 2025:
                                                tahun 2025:

     05
                                                                                                          Komite Audit
                                                                                                         Audit Committee
    06                                                                                 Rencana Kerja Komite Audit 2025                                                Pencapaian
                                                 No.
                                                                                        Audit Committee 2025 Work Plan                                                Achievement
                                                       Komite Audit
                                                  A
                                                       Audit Committee

                                                       Membuat Program Kerja Tahunan Komite Audit.
                                                  1                                                                                                                      100%
                                                       Create an Annual Work Program.

                                                       Menyusun Piagam Komite Audit serta memutakhirkannya dari waktu ke waktu sesuai dengan perkembangan
                                                       bisnis dan kebutuhan Perseroan.
                                                  2                                                                                                                      100%
                                                       Prepare the Audit Committee Charter and update it periodically in accordance with business developments
                                                       and the Company's needs.

                                                       Membuat laporan berkala triwulanan/setiap 3 bulan sekali dan Tahunan kepada Dewan Komisaris, yang
                                                       minimal memuat perbandingan realisasi kegiatan dengan program kerja tahunan serta substansi hasil
Tata Kelola Perusahaan - Corporate Governance




                                                       kegiatan dan rekomendasinya yang diungkapkan dalam Laporan Tahunan Perseroan.
                                                  3                                                                                                                      100%
                                                       Prepare periodic reports quarterly (every 3 months) and annually to the Board of Commissioners, which
                                                       at least contain a comparison of the realization of activities with the annual work program as well as the
                                                       substance of the results of activities and recommendations disclosed in the Company's Annual Report.

                                                       Membuat laporan khusus kepada Dewan Komisaris yang berisi laporan setiap temuan yang diperkirakan
                                                       dapat mengganggu efektivitas Perseroan.
                                                  4                                                                                                                      100%
                                                       Prepare a special report to the Board of Commissioners containing a report on any findings that are expected
                                                       to disrupt the effectiveness of the Company.

                                                  B    Audit

                                                       Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan kepada publik dan/
                                                       atau pihak otoritas antara lain laporan keuangan, proyeksi, dan laporan lainnya terkait dengan informasi
                                                  1    keuangan Perseroan.                                                                                               100%
                                                       Review financial information to be released by the Company to the public and/or authorities, including
                                                       financial reports, projections, and other reports related to the Company's financial information.

                                                       Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan dengan
                                                       kegiatan Perseroan, Anggaran Dasar, dan perjanjian dengan pihak ketiga.
                                                  2                                                                                                                      100%
                                                       Review compliance with laws and regulations relating to the Company's activities, Articles of Association,
                                                       and agreements with third parties.

                                                       Memberikan pendapat independen dalam hal terjadi perbedaan pendapat antara Manajemen dan Akuntan
                                                       atas jasa yang diberikannya.
                                                  3                                                                                                                      100%
                                                       Provide independent opinions in the event of differences of opinion between Management and Accountants
                                                       regarding the services provided.

                                                       Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukkan Akuntan yang didasarkan pada
                                                       independensi, ruang lingkup penugasan, dan imbalan jasa.
                                                  4                                                                                                                      100%
                                                       Provide recommendations to the Board of Commissioners regarding the appointment of an Accountant
                                                       based on independence, scope of assignment, and compensation for services.

                                                       Melakukan pemeriksaan oleh auditor internal dan auditor eksternal serta mengawasi pelaksanaan tindak
                                                       lanjut oleh penelaahan atas pelaksanaan Direksi atas temuan auditor internal dan auditor eksternal.
                                                  5    Conduct inspections by internal auditors and external auditors and supervise the implementation of follow-        100%
                                                       up actions by reviewing the Board of Directors' implementation of the findings of internal auditors and
                                                       external auditors.

                                                       Melakukan penelaahan atas efektivitas sistem pengendalian intern dan efektivitas pelaksanaan tugas auditor
                                                       internal dan auditor eksternal.
                                                  6                                                                                                                      100%
                                                       Review the effectiveness of the internal control system and the effectiveness of carrying out the duties of
                                                       internal auditors and external auditors.

                                                       Menelaah pengaduan yang berkaitan dengan proses akuntansi dan pelaporan keuangan Perseroan.
                                                  7                                                                                                                       N/A
                                                       Review complaints related to the Company's accounting and financial reporting processes.


230
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                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                                            Komite Audit
                                                           Audit Committee
                                        Rencana Kerja Komite Audit 2025                                                  Pencapaian
No.
                                         Audit Committee 2025 Work Plan                                                  Achievement
      Menelaah dan memberikan saran kepada Dewan Komisaris terkait dengan adanya potensi benturan
      kepentingan Emiten atau Perusahaan Publik.
8                                                                                                                            N/A
      Review and provide advice to the Board of Commissioners regarding potential conflicts of interest of Issuers
      or Public Companies.

      Tata Kelola Perusahaan yang Baik (GCG)
C
      Good Corporate Governance (GCG)

      Meninjau dan melakukan telaah atas penerapan prinsip‐prinsip dan persyaratan‐persyaratan tata kelola
      yang berlaku di Perseroan serta memastikan bahwa prinsip‐prinsip dan persyaratan‐persyaratan tersebut
 1    masih relevan serta telah dilaksanakan sepenuhnya di Perseroan.                                                        100%
      Review and evaluate the implementation of governance principles and requirements within the Company
      to ensure that these principles and requirements remain relevant and are fully implemented.




                                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
      Memantau dan melakukan telaah atas penerapan prinsip‐prinsip tata kelola perusahaan yang baik dalam
      pengelolaan dan pengurusan Perseroan, memastikan dilakukannya penilaian/assessment dan evaluasi/
      self‐assessment atas implementasi tata kelola perusahaan yang baik dan memastikan tindak lanjut atas
      rekomendasi perbaikan hasil assessment atau self‐assessment tahun sebelumnya.
2                                                                                                                            100%
      Monitor and review the implementation of good corporate governance principles in the management and
      administration of the Company, ensuring that assessments and evaluations, including self-assessments,
      are conducted on the implementation of good corporate governance and that follow-up actions are taken
      based on the recommendations from the previous year's assessments or self-assessments.

      Lainnya
D
      Others

      Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam lingkup tugas dan
      kewajiban Dewan Komisaris berdasarkan Anggaran Dasar dan Keputusan Rapat Umum Pemegang Saham
      (RUPS) serta ketentuan perundang-undangan yang berlaku.
 1                                                                                                                           100%
      Perform other tasks assigned by the Board of Commissioners, provided they fall within the scope of the duties
      and obligations of the Board of Commissioners as outlined in the Articles of Association and Resolutions of
      the General Meeting of Shareholders (GMS), as well as applicable statutory provisions.

      Melakukan self-assessment terhadap kinerja masing-masing anggota Komite Audit.
2                                                                                                                            100%
      Conduct a self-assessment of the performance of each Committee Audit member.



                                             Komite Nominasi dan Remunerasi
                                          Committee of Nomination and Remuneration
                                     Program Kerja KNR Triwulanan 2025                                                   Pencapaian
No.
                                     KNR Quarterly Work Program in 2025                                                  Achievement
      Melakukan penelaahan dan pemantauan untuk memastikan bahwa Perseroan telah memiliki strategi dan
      kebijakan nominasi, meliputi proses analisis organisasi, prosedur, dan kriteria rekrutmen, seleksi, dan promosi.
 1                                                                                                                          100%
      Carry out reviews and monitoring to ensure that the Company has a nomination strategy and policy, including
      organizational analysis processes, procedures, and criteria for recruitment, selection, and promotion.

      Rekomendasi nama calon Direksi Perseroan kepada Dewan Komisaris yang kemudian diusulkan kepada
      RUPS.
 2                                                                                                                           N/A
      Recommend candidates for the Company's Directors to the Board of Commissioners, who then propose
      the names to the General Meeting of Shareholders (GMS).

      Memastikan bahwa Perseroan telah memiliki sistem remunerasi yang transparan berupa gaji atau honorarium,
      tunjangan, dan fasilitas yang bersifat tetap dan insentif yang bersifat variabel.
 3                                                                                                                          100%
      Ensure that the Company has a transparent remuneration system, including fixed salaries or honorariums,
      allowances, facilities, and variable incentives.

      Melakukan penelaahan atas permohonan Direksi terkait Nominasi sesuai Anggaran Dasar Perseroan.
 4    Review the Board of Directors' requests regarding nominations in accordance with the Company's Articles               100%
      of Association.

      Menyusun rencana kerja KNR.
 5                                                                                                                          100%
      Prepare a KNR work plan.

      Membuat laporan berkala Triwulanan/setiap 3 bulan sekali kepada Dewan Komisaris.
 6                                                                                                                          100%
      Prepare periodic reports quarterly (every 3 months) to the Board of Commissioners.

      Melaksanakan rapat periodik sekurang-kurangnya 1 kali dalam 4 bulan.
 7                                                                                                                          100%
      Hold periodic meetings at least once every 4 months.

      Melakukan self-assessment terhadap kinerja anggota KNR.
 8                                                                                                                          100%
      Conduct self-assessments of the performance of KNR members.


                                                                                                                                       231
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       01


     02                                                                         Komite Pemantau Risiko dan Tata Kelola Terintegrasi
                                                                          Risk Monitoring and Integrated Corporate Governance Committee
                                                                                        Program Kerja KPRTKT 2025                                                  Pencapaian
                                                No
    03                                                                                 KPRTKT Work Program in 2025                                                 Achievement
                                                     Melakukan kajian dan evaluasi atas pengembangan usaha MRO.
                                                1                                                                                                                     100%
                                                     Conduct studies and evaluations of MRO business development.
      04                                             Melakukan kajian dan evaluasi atas kecukupan kebijakan, konsistensi praktik pengelolaan risiko, dan
                                                     efektivitas tindakan mitigasi.
                                                2                                                                                                                     100%
                                                     Conduct studies and evaluations on the adequacy of policies, consistency of risk management practices,
     05                                              and effectiveness of mitigation actions.

                                                     Memberikan rekomendasi perbaikan atas praktik pengelolaan dan penanganan risiko Perseroan.
                                                3                                                                                                                     100%
                                                     Provide recommendations for improvements to the Company's risk management and mitigation practices.
    06                                               Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam ruang lingkup
                                                     tugas dan kewajiban Dewan Komisaris berdasarkan ketentuan yang berlaku.
                                                4                                                                                                                     100%
                                                     Carry out other tasks assigned by the Board of Commissioners within the scope of its duties and obligations
                                                     based on applicable regulations.

                                                     Menyusun rencana kerja KPRTKT tahun 2025.
                                                5                                                                                                                     100%
                                                     Prepare a KPRTKT work plan for 2025.

                                                     Membuat laporan berkala Triwulanan/setiap 3 bulan sekali kepada Dewan Komisaris.
                                                6                                                                                                                     100%
                                                     Prepare periodic reports quarterly (every 3 months) to the Board of Commissioners.

                                                     Melaksanakan rapat periodik sekurang-kurangnya 1 kali dalam 3 bulan.
                                                7                                                                                                                     100%
                                                     Hold periodic meetings at least once every 3 months.

                                                     Melakukan self-assessment terhadap kinerja anggota KPRTKT.
                                                8                                                                                                                     100%
                                                     Conduct a self-assessment of the performance of KPRTKT members.
Tata Kelola Perusahaan - Corporate Governance




232
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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                DIREKSI
                                                                                        Board of Directors




Direksi merupakan organ Perseroan yang bertugas,           The Board of Directors is a Company’s body that has
secara kolegial, menjalankan fungsi pengurusan dan         a collegial duty to manage the Company. The Board
pengelolaan Perseroan. Direksi bekerja sesuai dengan       of Directors works according to business targets in
target usaha yang terdapat dalam RKAP tahun berjalan       the current year’s RKAP and submits the business
dan menyampaikan hasil pencapaian kinerja usaha            performance to the GMS through Financial Statements




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
kepada RUPS melalui Laporan Keuangan dan Laporan           and Integrated Reports.
Terintegrasi.

MASA JABATAN DIREKSI                                       TERM OF OFFICE FOR THE BOARD OF
                                                           DIRECTORS

Para anggota Direksi diangkat dan diberhentikan oleh       The members of the Board of Directors are appointed
RUPS. Pengangkatan anggota Direksi berlaku untuk           and dismissed by the GMS. The members of the Board
jangka waktu terhitung sejak tanggal pengangkatan oleh     of Directors start working from the date they were
RUPS dan berakhir pada penutupan RUPS Tahunan ke-3         appointed by the GMS and ended by the time of the
(tiga) pada akhir 1 (satu) periode masa jabatan yang       third Annual GMS ended during their first term and can
dimaksud dan dapat diangkat kembali untuk 1 (satu)         be reappointed for another term. The working period of
kali masa jabatan. Masa jabatan Direksi berlaku sesuai     the Board of Directors refers to the laws and regulations
dengan peraturan perundang-undangan di bidang Pasar        in the Capital Market sector without reducing the right
Modal, namun demikian dengan tidak mengurangi hak          of the GMS to dismiss, at any time, any member of the
RUPS untuk memberhentikan anggota Direksi sewaktu-         Board of Directors before his ends, with consideration
waktu sebelum masa jabatannya berakhir, dengan             to the provisions of the Articles of Association.
memperhatikan ketentuan Anggaran Dasar Perseroan.

KOMPOSISI DIREKSI                                          COMPOSITION OF THE BOARD OF
                                                           DIRECTORS

Susunan keanggotaan Direksi tahun 2025 mengalami           The composition of the Board of Directors in 2025
perubahan. Informasinya telah disampaikan di bab “Profil   experienced some changes. The information has
Perusahaan”, sub-bab “Perubahan Komposisi Dewan            been disclosed in the “Company Profile” chapter, sub-
Komisaris dan Direksi” dan profil seluruh anggota Dewan    chapter “Changes in the Composition of the Board of
Komisaris yang menjabat saat ini dapat dilihat di bab      Comissioners and Board of Directors” and the profiles
yang sama, pada sub-bab “Profil Dewan Komisaris” dan       of current members are available in the same chapter,
“Profil Direksi”.                                          under the sub-chapter “Board of Commissioners’ Profile”
                                                           and “Board of Directors’ Profile”.

Komposisi Direksi ditetapkan sesuai dengan tingkat         The composition of the Board of Directors is determined
kompleksitas kegiatan bisnis Perseroan dan struktur        in accordance with the level of complexity of the
organisasi untuk memastikan terjadinya pengambilan         Company's business activities and organisational
putusan yang efektif, tepat, dan cepat untuk tujuan        structure to ensure effective, appropriate and prompt
usaha. Jumlah anggota Direksi setidaknya berjumlah 1       decision-making for business purposes. The number
(satu) orang, yang terdiri dari seorang Direktur Utama     of members of the Board of Directors is at least 1
yang ditetapkan dalam Rapat Umum Pemegang Saham.           (one) person, consisting of a President Director who
                                                           is appointed in the General Meeting of Shareholders.

Berikut disampaikan susunan Direksi yang menjabat          Here is the information concerning the current
saat ini:                                                  composition of the Board of Directors:




                                                                                                                       233
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       01

                                                                                                                                                                         Periode
                                                      Nama                  Jabatan              Dasar Pengangkatan                     Masa Jabatan
     02                                                                                                                                                                  Jabatan
                                                      Name                  Position             Basis of Appointment                   Term of Office
                                                                                                                                                                        Office Term
                                                                                                                               28 Juni 2023 hingga penutupan
                                                                                                 Keputusan RUPS Tahunan
    03                                                                                                                         RUPS Tahunan yang diselenggarakan
                                                 Andi Fahrurrozi   Direktur Utama                tanggal 28 Juni 2023                                                  Kedua
                                                                                                                               tahun 2026
                                                                   CEO                           Resolution of Annual GMS                                              Second
                                                                                                                               June 28, 2023 until the closing of
                                                                                                 dated June 28, 2023
                                                                                                                               the Annual GMS organized in 2026
      04                                                                                                                       5 Juni 2025 hingga penutupan RUPS
                                                                                                 Keputusan RUPS Luar Biasa
                                                                                                                               Tahunan yang diselenggarakan
                                                 Bobi Gumelar      Direktur Base Management      tanggal 5 Juni 2025                                                   Pertama
                                                                                                                               tahun 2028
                                                 Raspati           Director of Base Management   Resolution of Extraordinary                                           First
     05                                                                                                                        June 5, 2025 until the closing of the
                                                                                                 GMS dated June 5, 2025
                                                                                                                               Annual GMS organized in 2028

                                                                                                                               5 Juni 2025 hingga penutupan RUPS
                                                                                                 Keputusan RUPS Luar Biasa
                                                                   Direktur Sumber Daya                                        Tahunan yang diselenggarakan
    06                                           Mitra Piranti     Manusia
                                                                                                 tanggal 5 Juni 2025
                                                                                                                               tahun 2028
                                                                                                                                                                       Pertama
                                                                                                 Resolution of Extraordinary                                           First
                                                                   Director of Human Capital                                   June 5, 2025 until the closing of the
                                                                                                 GMS dated June 5, 2025
                                                                                                                               Annual GMS organized in 2028

                                                                                                                               5 Juni 2025 hingga penutupan RUPS
                                                                                                 Keputusan RUPS Luar Biasa
                                                                                                                               Tahunan yang diselenggarakan
                                                                   Direktur Keuangan             tanggal 5 Juni 2025                                                   Pertama
                                                 Tri Hartono                                                                   tahun 2028
                                                                   Director of Finance           Resolution of Extraordinary                                           First
                                                                                                                               June 5, 2025 until the closing of the
                                                                                                 GMS dated June 5, 2025
                                                                                                                               Annual GMS organized in 2028

                                                                                                 Keputusan RUPS Luar Biasa     26 September 2025 hingga
                                                                                                 tanggal 26 September 2025     penutupan RUPS Tahunan yang
                                                                   Direktur Line Operation                                                                             Pertama
                                                 Endang Tardiana                                 Resolution of Extraordinary   diselenggarakan tahun 2028
                                                                   Director of Line Operation                                                                          First
                                                                                                 GMS dated September 26,       September 26, 2025 until the closing
                                                                                                 2025                          of the Annual GMS organized in 2028
Tata Kelola Perusahaan - Corporate Governance




                                                TUGAS DAN TANGGUNG JAWAB                                             DUTIES AND RESPONSIBILITIES OF THE
                                                DIREKSI                                                              BOARD OF DIRECTORS

                                                Wewenang Direksi                                                     The Authorities of the Board of Directors
                                                Direksi berwenang untuk menetapkan kebijakan                         The Board of Directors is authorized to determine the
                                                pengurusan Perseroan yang meliputi:                                  policy of the Company’s management as follows:
                                                1. Menetapkan kebijakan pengurusan Perseroan;                        1. Determine the Company's management policies;
                                                2. Mengatur penyerahan kekuasaan Direksi untuk                       2. Arrange the transfer of powers of the Board of
                                                   mewakili Perseroan di dalam dan di luar Pengadilan                    Directors to represent the Company inside and outside
                                                   kepada seorang atau beberapa orang anggota Direksi                    the Court to one or several members of the Board of
                                                   yang khusus ditunjuk untuk itu kepada seorang atau                    Directors specially appointed for that to one or several
                                                   beberapa orang pekerja Perseroan baik secara sendiri-                 employees of the Company either individually or jointly
                                                   sendiri maupun bersama-sama atau kepada orang lain                    or to other people and arrange the transfer of power
                                                   dan mengatur penyerahan kekuasaan Direksi untuk                       of the Board of Directors to represent the Company
                                                   mewakili Perseroan kepada Kepala Cabang atau Kepala                   to Heads of Branches or Heads of Representatives
                                                   Perwakilan di dalam atau di luar negeri;                              within or outside the country;
                                                3. Mengatur ketentuan-ketentuan tentang kepegawaian                  3. Regulate the provisions regarding the Company's
                                                   Perseroan, termasuk penetapan gaji, pensiun atau                      employment, including the determination of salaries,
                                                   jaminan hari tua dan penghasilan lain bagi pekerja                    pensions or old age benefits and other income for
                                                   Perseroan berdasarkan peraturan perundang-                            the Company's employees based on the prevailing
                                                   undangan yang berlaku dan keputusan Rapat Umum                        laws and regulations and resolutions of the General
                                                   Pemegang Saham;                                                       Meeting of Shareholders;
                                                4. Mengangkat dan memberhentikan pekerja Perusahaan                  4. Appoint and dismiss Company employees based
                                                   berdasarkan peraturan kepegawaian Perseroan dan                       on the Company's employment regulations and
                                                   peraturan perundang-undangan yang berlaku;                            prevailing laws and regulations;
                                                5. Mengangkat dan memberhentikan Sekretaris                          5. Appoint and dismiss the Corporate Secretary;
                                                   Perusahaan;                                                       6. Perform all actions and other actions regarding
                                                6. Melakukan segala tindakan dan perbuatan lainnya                       the management and ownership of the Company's
                                                   mengenai pengurusan maupun pemilikan kekayaan                         assets, bind the Company with other parties and/
                                                   Perseroan, mengikat Perseroan dengan pihak lain                       or other parties with the Company, and represent
                                                   dan/atau pihak lain dengan Perseroan, serta mewakili                  the Company inside and outside the Court on all
                                                   Perseroan di dalam dan di luar Pengadilan tentang                     matters and all events, with restrictions as stipulated
                                                   segala hal dan segala kejadian, dengan pembatasan                     in the regulations laws and regulations, Articles


234
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
   sebagaimana diatur dalam peraturan perundang-              of Association and/or Resolutions of the General
   undangan, Anggaran Dasar dan/atau Keputusan                Meeting of Shareholders;
   Rapat Umum Pemegang Saham;
7. Membentuk komite dalam rangka mendukung                 7. orm a committee to support the effectiveness of
   efektivitas tugas dan tanggung jawab (jika                 duties and responsibilities (if needed).
   diperlukan).

Tanggung Jawab Direksi                                     The Responsibilities of the Board of Directors
1. Setiap anggota Direksi bertanggung jawab penuh          1. Each member of the Board of Directors is fully
   atas tugas pengurusan yang dilaksanakanya;                 responsible for the management tasks that are
                                                              carried out;
2. Setiap anggota Direksi bertanggung jawab penuh          2. Each member of the Board of Directors is fully
   secara tanggung renteng atas kerugian Perseroan            responsible jointly and severally for the Company’s
   yang disebabkan oleh kesalahan atau kelalaian              losses caused by mistakes or negligence members




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
   anggota Direksi dalam menjalankan tugasnya;                of the Board of Directors in carrying out their duties;
3. Anggota Direksi tidak dapat dipertanggungjawabkan       3. Members of the Board of Directors cannot be held
   atas kerugian Perseroan sebagaimana dimaksud               responsible for the Company’s losses as referred to
   pada butir 1 apabila dapat membuktikan:                    in item 1 if they can prove:
4. Kerugian tersebut bukan karena kesalahan atau           4. The loss is not due to an error or negligence;
   kelalaiannya;
5. Telah melakukan pengurusan dengan itikad baik dan       5. Having taken care of good faith and prudence for
   kehati-hatian untuk kepentingan dan sesuai dengan          the benefit and in accordance with the aims and
   maksud dan tujuan Perseroan;                               objectives of the Company;
6. Tidak memiliki benturan kepentingan baik langsung       6. Does not have a conflict of interest either directly
   maupun tidak langsung atas tindakan pengurusan             or indirectly over the management action resulting
   yang mengakibatkan kerugian;                               in a loss;
7. Telah mengambil tindakan untuk mencegah timbul          7. Have taken actions to prevent such losses arising
   atau berlanjutnya kerugian tersebut.                       or continuing.
8. Direksi dan Dewan Komisaris ber tanggung                8. Actions taken by members of the Board of Directors
   jawab secara tanggung renteng atas kerugian                outside those decided by the Board of Directors
   Perseroan apabila Pemegang Saham tidak                     Meeting shall be the personal responsibility of those
   dapat mengembalikan dividen interim yang telah             concerned until such actions are approved by the
   didistribusi.                                              Board of Directors’ Meeting.

RUANG LINGKUP PEMBAGIAN TUGAS                              SEGREGATION OF DUTIES AND
DAN TANGGUNG JAWAB DIREKSI                                 RESPONSIBILITIES AMONG DIRECTORS

Dalam mengoptimalkan fungsi pengelolaan Perseroan          In optimizing the management function of the Company
yang dijalankan Direksi, setiap anggota Direksi memiliki   by the Board of Directors, each member of the Board
pembagian tugas dan tanggung jawab sesuai dengan           of Directors has his own duties and responsibilities
bidang keahlian masing-masing untuk menciptakan            according to his expertise to make the Board of Directors
efektivitas pelaksanaan tugas Direksi secara menyeluruh.   work effectively. The segregation of the scope of duties
Pembagian lingkup tugas antar Direksi sejalan dengan       among Directors is in line with the DT/SKEP-5015/25
DT/SKEP-5015/25 tanggal 20 Juni 2025 sebagai berikut:      dated 20 June 2025 as follows:




                                                                                                                        235
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       01
                                                Andi Fahrurrozi
                                                Direktur Utama
     02                                         CEO

                                                •   Menjamin efektivitas pengurusan dan pengelolaan Perseroan,        •   Ensure the effectiveness of the management and management
                                                    termasuk penentuan arah dan strategi Perseroan, pengelolaan           of the Company, including the determination of the Company's
    03                                              strategi bisnis, pengelolaan anak usaha, penyusunan organisasi        direction and strategy, management of business strategy,
                                                    Perseroan lengkap dengan perincian dan tugasnya, perumusan            management of subsidiaries, preparation of the Company's
                                                    sumber daya strategis dan pengelolaan Standar Operating               organisation complete with details and duties, formulation of
                                                    Procedures (“SOP”), pengelolaan & pengembangan teknologi              strategic resources and management of Standard Operating
      04                                            informasi, mewujudkan terjadinya pencapaian penjualan dan             Procedures ("SOP"), management & development of information
                                                    pemasaran dengan strategi yang tepat, pengelolaan customer            technology, realising the achievement of sales and marketing
                                                    service dan aspek-aspek komersial lainnya, penjaminan kualitas        with appropriate strategies, management of customer
                                                    dan kelaikudaraan, audit internal, pengelolaan komunikasi,            service and other commercial aspects, quality assurance and
     05                                             administrasi dan kesekretariatan Perseroan, pengawasan                airworthiness, internal audit, communication management,
                                                    terhadap kepatuhan dalam penyelenggaraan Perseroan,                   administration and secretariat of the Company, supervision of
                                                    perlindungan hukum bagi Perseroan dan layanan kontrak                 compliance in the operation of the Company, legal protection
                                                    Perseroan yang dilaksanakan sesuai dengan aspek-aspek                 for the Company and the Company's contractual services
    06                                              hukum agar sejalan dengan penerapan prinsip-prinsip Tata              carried out in accordance with legal aspects in line with the
                                                    Kelola Perusahaan yang Baik (Good Corporate Governance/               implementation of the principles of Good Corporate Governance
                                                    GCG), menjamin sistem mutu yang independen untuk memantau             (GCG), so as to support the running of PT Garuda Maintenance
                                                    kepatuhan organisasi Perseroan terhadap persyaratan otoritas,         Facility Aero Asia Tbk's business as well as its business growth.
                                                    memfasilitasi implementasi Safety Management System,
                                                    menjamin efektivitas pengelolaan SBU Defense Industry,
                                                    sehingga mampu mendukung jalannya bisnis PT Garuda
                                                    Maintenance Facility Aero Asia Tbk sekaligus pertumbuhan
                                                    bisnisnya.
                                                •   Unit satu tingkat di bawah Direksi yang bertanggung jawab         •   The supporting units one level below the Board of Directors who
                                                    langsung kepada Direktur Utama adalah Vice President                  reports directly to the President Director are the Vice President
                                                    (VP) Corporate Strategy & Digital Transformation, VP Sales            (VP) of Corporate Strategy & Business Development, VP of
                                                    & Marketing, VP Corporate Secretary & Legal, VP Quality               Quality Assurance & Safety, VP of Internal Audit and VP of
                                                    Assurance & Safety, dan VP Internal Audit.                            Corporate Secretary & Legal.
Tata Kelola Perusahaan - Corporate Governance




                                                Mitra Piranti
                                                Direktur Sumber Daya Manusia
                                                Director of Human Capital

                                                •   Menjamin efektivitas pengurusan, pengelolaan dan                  •   Ensure the effectiveness of management, management and
                                                    pengembangan sumber daya manusia serta budaya Perseroan,              development of human resources and the Company's culture,
                                                    kegiatan pelatihan dan manajemen pengetahuan, pengelolaan             training and knowledge management activities, management
                                                    dukungan kerumahtanggaan, pemeliharaan dan layanan fasilitas,         of housekeeping support, maintenance and facility services,
                                                    pengadaan barang dan jasa umum tools, serta aset non related          procurement and fulfilment of material needs for both aircraft
                                                    aircraft part (termasuk pengelolaan aset), sehingga berjalan          parts and general (non-related aircraft parts), and management
                                                    sesuai dengan persyaratan dan ketentuan otoritas yang berlaku,        of materials and Bonded Logistics Centres (PLB) and the
                                                    serta mampu mendukung jalannya bisnis PT Garuda Maintenance           Company's assets, so that they run in accordance with the
                                                    Facility Aero Asia Tbk sekaligus pertumbuhan bisnisnya.               requirements and provisions of the applicable authorities, and
                                                                                                                          are able to support the running of PT Garuda Maintenance
                                                                                                                          Facility Aero Asia Tbk's business as well as its business growth.
                                                •   Unit yang berada satu tingkat di bawah Direksi yang menjalankan   •   Unit one level below the Board of Directors who reports directly
                                                    fungsi memberi dukungan dan bertanggung jawab langsung                to the Director of Human Capital & Corporate Affairs are the Vice
                                                    kepada Direktur Human Capital & Corporate Affairs adalah VP           President (VP) of Human Capital Management, VP of Corporate
                                                    Human Capital Management dan VP General Affairs & HSE.                Affairs & HSE, VP of Material & Logistic Services.

                                                Tri Hartono
                                                Direktur Keuangan
                                                Director of Finance

                                                •   Menjamin efektivitas pengurusan dan pengelolaan keuangan          •   Ensure the effectiveness of the management and financial
                                                    Perseroan termasuk analisis aktivitas keuangan, manajemen             management of the Company including the analysis of financial
                                                    kas dan likuidasi, serta pengelolaan utang dan pembiayaan             activities at the corporate level that may have an impact on the
                                                    pada tingkat korporasi yang mungkin berdampak pada kinerja            operational performance and strategy of the organisation, so as
                                                    operasional dan strategi organisasi, sehingga mampu mendukung         to support the running of PT Garuda Maintenance Facility Aero
                                                    jalannya bisnis PT Garuda Maintenance Facility Aero Asia Tbk          Asia Tbk's business as well as its business growth.
                                                    sekaligus pertumbuhan bisnisnya.
                                                •   Unit yang berada satu tingkat di bawah Direksi yang menjalankan   •   The units at one level below the Board of Directors that provide
                                                    fungsi memberi dukungan dan bertangung jawab langsung                 support and are directly responsible to the Finance Director
                                                    kepada Direktur Keuangan adalah VP Treasury Management,               are VP Accounting, VP Treasury Management, VP Financial
                                                    VP Financial & Management Accounting serta EGM Risk                   & Management Accounting, and EGM of Risk Management
                                                    Management yang berkoordinasi langsung dengan Direktur                coordinating directly with the Director of Finance.
                                                    Keuangan.




236
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                                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
 Endang Tardiana
 Direktur Line Operation
 Director of Line Operation

 •   Menjamin efektivitas pengurusan dan pengelolaan Perseroan             •     Ensure the effectiveness of the management and management
     khususnya operasional perawatan pesawat pada line operation,                of the Company, especially aircraft maintenance operations
     perencanaan perawatan pesawat, jasa engineering, pengadaan                  in line operations, aircraft cabin line maintenance, aircraft
     dan pengelolaan material, component, jasa dan aset aircraft                 maintenance planning, and engineering services in accordance
     part, serta pengelolaan Pusat Logistik Berikat (PLB) sesuai                 with the Company's main business, so as to support the running
     bisnis utama Perseroan, sehingga mampu mendukung jalannya                   of PT Garuda Maintenance Facility Aero Asia Tbk's business as
     bisnis PT Garuda Maintenance Facility Aero Asia Tbk sekaligus               well as its business growth.
     pertumbuhan bisnisnya.
 •   Unit satu tingkat di bawah Direksi yang bertanggung jawab             •     Units one level below the Board of Directors that report directly
     langsung kepada Direktur Line Operation adalah VP Line                      to the Director of Line Operations are VP Line Maintenance, VP
     Maintenance, VP Maintenance Planning, VP Engineering                        Maintenance Planning, and VP Engineering Services.
     Services, dan VP Material & Logistic Services.

 Bobi Gumelar Raspati
 Direktur Base Management




                                                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
 Director of Base Management

 •   Menjamin efektivitas pengurusan dan pengelolaan Perseroan             •     Ensure the effectiveness of the Company's management in
     dalam operasional perawatan rangka pesawat (airframe), mesin                the maintenance operations of aircraft airframes, engines and
     (engine) dan Auxiliary Power Unit (APU) pesawat, komponen,                  Auxiliary Power Units (APU), components, aircraft support
     peralatan aircraft support (seperti Ground Support Equipment)               equipment (such as Ground Support Equipment), as well as
     untuk menunjang operasional perawatan pesawat, serta produk-                industrial solutions products (such as power services, fabrication,
     produk industrial solutions (seperti power services, fabrikasi, dan         and others) to support aircraft maintenance operations, so as
     lainnya), sehingga mampu mendukung jalannya bisnis PT Garuda                to support the running of PT Garuda Maintenance Facility Aero
     Maintenance Facility Aero Asia Tbk sekaligus pertumbuhan                    Asia Tbk's business as well as its business growth.
     bisnisnya.
 •   Unit satu tingkat di bawah Direksi yang bertanggung jawab             •     Units one level below the Board of Directors that report directly
     langsung kepada Direktur Base Operation adalah VP Wide Body                 to the Director of Base Operations are VP Wide Body Base
     Base Maintenance, VP Narrow Body Base Maintenance, VP                       Maintenance, VP Narrow Body Base Maintenance, VP Engine
     Engine Services, VP Component Maintenance & Specialized                     Services, VP Component Services, and VP Aircraft Support &
     Services, dan VP Aircraft Support & Industrial Solutios.                    Power Services.


PROGRAM PENGENALAN BAGI DIREKSI                                                INTRODUCTION PROGRAM FOR NEW
BARU                                                                           DIRECTORS

Seperti anggota Dewan Komisaris yang baru, Direksi                             Just like the new members of the Board of
yang baru menjabat juga mengikuti program pengenalan                           Commissioners, the newly appointed Directors also
(induksi) yang untuk memberikan pemahaman terkait                              participated in the introduction program (induction) to
kondisi terkini Perseroan. Diharapkan melalui program                          give them an understanding of the current situation of
ini, Direksi yang baru akan mendapatkan pemahaman                              the Company. Hopefully, through this program, the new
yang komprehensif akan keadaan operasional dan                                 Directors will gain a comprehensive understanding of the
organisasi Perseroan. Seperti Program Pengenalan                               operational conditions and organization of the Company.
Dewan Komisaris, fungsi Sekretaris Perusahaan juga                             The same with the Board of Commissioners Introduction
bertanggung jawab untuk melaksanakan Program                                   Program, the Corporate Secretary function is also
Pengenalan untuk Direksi baru. Materi Program                                  responsible for conducting the Introduction Program for
Pengenalan kepada Direksi baru mencakup:                                       new Directors. The material for the Introduction includes:
1. Pelaksanaan prinsip-prinsip Good Corporate                                  1. Implementation of the principles of Good Corporate
     Governance.                                                                   Governance.
2. Gambaran mengenai Perseroan berkaitan dengan                                2. Description of the Company relating to the
     tujuan, sifat, dan lingkup kegiatan, kinerja keuangan                         objectives, nature and scope of activities, financial
     dan operasi, strategi, rencana usaha jangka pendek                            and operating performance, strategies, short-term
     dan jangka panjang, posisi kompetitif, risiko dan                             and long-term business plans, competitive positions,
     masalah-masalah strategis lainnya.                                            risks and other strategic issues.
3. Kewenangan yang didelegasikan, audit internal                               3. Delegated authority, internal and external audit,
     dan eksternal, sistem dan kebijakan pengendalian                              internal control systems and policies, including the
     internal, termasuk Komite Audit.                                              Audit Committee.
4. Tugas dan tanggung jawab Dewan Komisaris dan                                4. Duties and responsibilities of the Board of
     Direksi serta hal-hal yang tidak diperbolehkan.                               Commissioners and Directors as well as matters
                                                                                   that are not allowed.




                                                                                                                                                       237
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       01

                                                Perseroan mengadakan program orientasi untuk                The Company held an induction program for the newly
     02                                         para Direktur yang baru dilantik pada tanggal 18 Juni       appointed Directors on June 18, 2025. The program was
                                                2025. Program tersebut dihadiri oleh Direktur Sumber        attended by the Director of Human Capital, Director of
                                                Daya Manusia, Direktur Keuangan, dan Direktur Base          Finance, and Director Base Management. In addition,
    03                                          Management. Selain itu, program yang sama juga              the same program was also held on October 2, 2025,
                                                diadakan pada tanggal 2 Oktober 2025 untuk Direktur         for the new appointed Director of Line Operation.
                                                Line Operation yang baru diangkat.
      04
                                                PELAKSANAAN TUGAS DIREKSI                                   IMPLEMENTATION OF THE BOARD OF
                                                                                                            DIRECTORS’ DUTIES
     05                                         Sepanjang tahun 2025, Direksi telah menjalankan             Throughout 2025, the Board of Directors has carried out
                                                tugasnya dalam mengelola pengelolaan GMF                    its duties in managing GMF according to the Work Plan
                                                sebagaimana tertuang dalam Rencana Kerja dan                and Budget (RKAP) that has been prepared. In detail,
    06                                          Anggaran Perusahaan (RKAP) yang telah disusun. Secara       the implementation of the Board of Directors’ duties has
                                                rinci, pelaksanaan tugas Direksi telah disampaikan di       been disclosed in the “Board of Directors’ Report” in the
                                                “Laporan Direksi” pada bab “Laporan Manajemen” di           “Management Report” chapter of this Integrated Report.
                                                Laporan Terintegrasi ini.

                                                Salah satu realisasi pelaksanaan tugas Direksi termasuk     One of the duties of the Board of Directors included the
                                                penerbitan berbagai keputusan, dimana pengambilan           issuance of various decrees, which are made through
                                                keputusannya dilakukan melalui mekanisme rapat              internal meetings or joint meetings with the Board of
                                                internal maupun rapat gabungan dengan Dewan                 Commissioners. The Board of Directors' decrees were
                                                Komisaris. Hasil keputusan Direksi dikeluarkan oleh         issued by the CEO and other members of Board of
                                                Direktur Utama dan juga anggota Direksi lainnya sesuai      Directors in accordance with the division of tasks and
Tata Kelola Perusahaan - Corporate Governance




                                                dengan pembagian tugas dan kewenangannya. Hasil             authorities. The Board of Directors' decrees throughout
                                                keputusan Direksi sepanjang tahun 2025 antara lain          2025 were as follows:
                                                sebagai berikut:


                                                      Anggota Direksi
                                                                                  No. Keputusan                                     Perihal
                                                    Member of the Board of
                                                                                  Decree Number                                     Subject
                                                         Directors
                                                                                                      Perubahan Tim Computer Security Incident Response Team (CSIRT)
                                                                                 DT/SKEP-5002/25
                                                                                                      Changes to the Computer Security Incident Response Team (CSIRT)

                                                                                                      Tim Corporate Action Peningkatan Ekuitas
                                                                                 DT/SKEP-5004/25
                                                                                                      Corporate Action Team for Equity Increase

                                                                                                      Perubahan Kedelapan DT/SKEP-5001/24 tanggal 05 Januari 2024 tentang
                                                                                                      P2K3
                                                                                 DT/SKEP-5005/25
                                                                                                      Eighth Amendment to Board of Directors Decree No. DT/SKEP-5001/24
                                                                                                      dated January 5, 2024 regarding P2K3

                                                                                                      Organisasi Induk
                                                                                 DT/SKEP-5007/25
                                                                                                      Parent Organization

                                                                                                      Project Management Pengembangan Kapabilitas Repair Engine T56 dan
                                                                                                      Pemenuhan Sertifikasi A9100
                                                 Direktur Utama                  DT/SKEP-5009/25
                                                                                                      Project Management for the Development of T56 Engine Repair Capability
                                                 President Director                                   and Fulfillment of A9100 Certification

                                                                                                      Tim Komite Penguatan Continuous Improvement
                                                                                 DT/SKEP-5011/25
                                                                                                      Continuous Improvement Strengthening Committee Team

                                                                                                      Perubahan Pertama Surat Keputusan Direktur Utama Nomor: DT/SKEP-
                                                                                                      5024/24 tentang Tim Persiapan Manufacturing Capability Development
                                                                                 DT/SKEP-5012/25
                                                                                                      First Amendment to the President Director’s Decree No. DT/SKEP-5024/24
                                                                                                      regarding the Manufacturing Capability Development Preparation Team

                                                                                                      Organisasi Induk
                                                                                 DT/SKEP-5015/25
                                                                                                      Parent Organization

                                                                                                      Tim Reaktivasi Armada Garuda Indonesia dan Citilink
                                                                                 DT/SKEP-5016/25
                                                                                                      Fleet Reactivation Team for Garuda Indonesia and Citilink

                                                                                                      Perubahan Kesembilan Pembentukan Panitia P2K3
                                                                                 DT/SKEP-5017/25
                                                                                                      Ninth Amendment to the Establishment of the P2K3 Committee




238
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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
     Anggota Direksi
                                No. Keputusan                                   Perihal
   Member of the Board of
                                Decree Number                                   Subject
        Directors
                                                 Project Management Oman MRO Development
                               DT/SKEP-5018/25
                                                 Project Management for Oman MRO Development

                                                 Perubahan atas Surat Keputusan nomor DT/SKEP-5016/25 tentang Tim
                                                 Reaktivasi Armada Garuda Indonesia dan Citilink
                               DT/SKEP-5019/25
                                                 Amendment to Decree No. DT/SKEP-5016/25 regarding the Fleet
                                                 Reactivation Team for Garuda Indonesia and Citilink

                                                 Project Management Corporate Action – Oman MRO Development dan
                                                 Peningkatan Ekuitas Melalui Inbreng Lahan
                               DT/SKEP-5022/25
                                                 Project Management for Corporate Action – Oman MRO Development
                                                 and Equity Increase through Land Inbreng

                                                 Project Management Operational Improvement
                               DT/SKEP-5023/25
                                                 Project Management for Operational Improvement




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                 Perubahan Kesepuluh Pembentukan Panitia P2K3
                               DT/SKEP-5025/25
                                                 Tenth Amendment to the Establishment of the P2K3 Committee

                                                 Project Management Pengembangan MRO Pondok Cabe
                               DT/SKEP-5026/25
                                                 Project Management for the Development of Pondok Cabe MRO

                                                 Struktur Organisasi Line Maintenance
                               DC/SKEP-5067/25
                                                 Organizational Structure of Line Maintenance

                                                 Struktur Organisasi Unit Cabin Line Services
                               DC/SKEP-5068/25
                                                 Organizational Structure of Cabin Line Services Unit

                                                 Struktur Organisasi Unit Maintenance Planning
                               DC/SKEP-5069/25
                                                 Organizational Structure of Maintenance Planning Unit

                                                 Struktur Organisasi Unit Financial & Management Accounting
                               DC/SKEP-5072/25
                                                 Organizational Structure of Financial & Management Accounting Unit

                                                 Struktur Organisasi Unit Corporate Strategy & Digital Transformation
                               DC/SKEP-5073/25   Organizational Structure of Corporate Strategy & Digital Transformation
                                                 Unit

                                                 Struktur Organisasi Unit Internal Audit
                               DC/SKEP-5074/25
                                                 Organizational Structure of Internal Audit Unit

                                                 Struktur Organisasi Unit Material & Logistic Services
                               DC/SKEP-5075/25
                                                 Organizational Structure of Material & Logistic Services Unit

                                                 Struktur Organisasi Unit Sales & Marketing
                               DC/SKEP-5076/25
                                                 Organizational Structure of Sales & Marketing Unit

                                                 Struktur Organisasi Unit Quality Assurance & Safety
Direktur Sumber Daya Manusia   DC/SKEP-5077/25
                                                 Organizational Structure of Quality Assurance & Safety Unit
Director of Human Capital
                                                 Strategic Business Unit Defense Industry
                               DC/SKEP-5078/25
                                                 Strategic Business Unit – Defense Industry

                                                 Struktur Organisasi Unit Corporate Secretary & Legal
                               DC/SKEP-5079/25
                                                 Organizational Structure of Corporate Secretary & Legal Unit

                                                 Struktur Organisasi Unit General Affairs & HSE
                               DC/SKEP-5080/25
                                                 Organizational Structure of General Affairs & HSE Unit

                                                 Struktur Organisasi Unit Treasury Management
                               DC/SKEP-5081/25
                                                 Organizational Structure of Treasury Management Unit

                                                 Struktur Organisasi Unit Aircraft Support & Industrial Solutions
                               DC/SKEP-5082/25
                                                 Organizational Structure of Aircraft Support & Industrial Solutions Unit

                                                 Struktur Organisasi Unit Engineering Services
                               DC/SKEP-5083/25
                                                 Organizational Structure of Engineering Services Unit

                                                 Struktur Organisasi Unit Human Capital Management
                               DC/SKEP-5138/25
                                                 Organizational Structure of Human Capital Management Unit

                                                 Struktur Organisasi Unit Engineering Services
                               DC/SKEP-5209/25
                                                 Organizational Structure of Engineering Services Unit

                                                 Struktur Organisasi Unit Wide Body Base Maintenance
                               DC/SKEP-5221/25
                                                 Organizational Structure of Wide Body Base Maintenance Unit




                                                                                                                            239
Page 240
       01

                                                      Anggota Direksi
                                                                                      No. Keputusan                                           Perihal
     02                                             Member of the Board of
                                                                                      Decree Number                                           Subject
                                                         Directors
                                                                                                              Struktur Organisasi Unit Narrow Body Base Maintenance
                                                                                    DC/SKEP-5222/25
    03                                                                                                        Organizational Structure of Narrow Body Base Maintenance Unit

                                                                                                              Struktur Organisasi Unit Component Maintenance & Specialized Services
                                                                                    DC/SKEP-5253/25           Organizational Structure of Component Maintenance & Specialized
                                                                                                              Services Unit
      04
                                                                                                              Struktur Organisasi Unit Engine Services
                                                                                    DC/SKEP-5254/25
                                                                                                              Organizational Structure of Engine Services Unit

     05
                                                PENILAIAN KINERJA KOMITE DAN                                         ASSESSMENT OF THE COMMITTEES
                                                ORGAN PENDUKUNG DI BAWAH                                             AND SUPPORTING BODIES UNDER THE
    06                                          DIREKSI                                                              BOARD OF DIRECTORS

                                                Direksi menjalankan tugasnya dengan dibantu oleh 4                   The Board of Directors carries out its duties with the
                                                (empat) organ pendukung yaitu Corporate Secretary                    assistance of 4 (four) supporting bodies, including the
                                                & Legal, Audit Internal, Financial & Risk Analysis, serta            Corporate Secretary & Legal, Internal Audit, Financial &
                                                Quality Assurance & Safety. Evaluasi pelaksanaan tugas               Risk Analysis, and Quality Assurance & Safety. According
                                                masing-masing organ didasarkan pada Key Performance                  to the work program, the assessment of each supporting
                                                Indikator (KPI) berdasarkan hasil kerja individu sesuai              body is based on Key Performance Indicators (KPI) of
                                                program kerja. Direksi tidak memiliki komite lain selain             individual work. The Board of Directors does not have
                                                organ pendukung tersebut di atas.                                    any other committees other than those supporting
                                                                                                                     bodies.
Tata Kelola Perusahaan - Corporate Governance




                                                                                            Fungsi Organ Pendukung Direksi
                                                                                   Function of the Board of Directors’ Supporting Bodies
                                                                         Corporate Secretary & Legal dibentuk dengan mengacu kepada Peraturan Menteri Badan Usaha Milik Negara
                                                                         Nomor PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha
                                                                         Milik Negara untuk menjaga alur komunikasi antar organ Perseroan dan dengan pemangku kepentingan.
                                                 Corporate Secretary &
                                                                         The Corporate Secretary & Legal function was established based on the Regulation of the Minister of State-
                                                 Legal
                                                                         Owned Enterprises Number PER-2/MBU/03/2023 concerning Guidelines for Governance and Significant
                                                                         Corporate Actions of State-Owned Enterprises, in order to maintain the flow of communication between the
                                                                         Company’s organs and with stakeholders.

                                                                         Audit Internal dibentuk untuk membantu Direksi memaksimalkan efektivitas pengendalian intern atas
                                                                         kegiatan operasi. Audit Internal menjalankan fungsi sebagai assurance and consultant melalui pendekatan
                                                                         sistematik dan obyektif melalui aktivitas evaluasi dan penilaian terhadap keefektifan dan efisiensi sistem
                                                 Audit Internal          pengendalian internal, pengelolaan risiko, serta penerapan GCG atas kegiatan strategis dan operasional.
                                                 Internal Audit          An internal Audit was formed to help the Board of Directors optimize the effectiveness of internal control
                                                                         over the operation. Internal Audit acts as an assurance and a consultant through a systematic and objective
                                                                         approach with an evaluation and assessment of the effectiveness and efficiency of the internal control system,
                                                                         risk management, and the implementation of GCG for strategic and operational activities.

                                                                         Bidang Risk Management yang merupakan bagian dari Financial & Management Accounting bertugas
                                                                         membantu Direksi dalam menerapkan manajemen risiko Perseroan secara tepat dan efisien sesuai referensi
                                                 Financial Management
                                                                         dari kerangka kerja ISO 31000.
                                                 Accounting
                                                                         Risk Management, part of Financial & Management Accounting works to assist the Board of Directors in
                                                                         implementing the Company's risk management appropriately and efficiently according to ISO 31000 framework.

                                                                         Quality Assurance & Safety bertugas membantu Direksi menjaga dan meningkatkan kepuasan pelanggan.
                                                                         Pelayanan perawatan pesawat yang diberikan GMF selalu disesuaikan dengan regulasi otoritas global
                                                                         seperti DKUPPU, EASA, FAA, dan lainnya dan Quality Assurance & Safety membantu Direksi untuk menjaga
                                                 Quality Assurance &     kepatuhan Perseroan terhadap berbagai standar tersebut.
                                                 Safety                  Quality Assurance & Safety has an objective to help the Board of Directors maintain and improve customer
                                                                         satisfaction. The aircraft maintenance services from GMF are always adjusted to global authorities such as
                                                                         DKUPPU, EASA, FAA, and others, and Quality Assurance & Safety helps the Board of Directors maintain the
                                                                         Company's compliance with these various standards.




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                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                                  Hasil Kinerja Organ Pendukung Direksi Tahun 2025
                           Assessment of the Supporting Bodies of the Board of Directors in 2025
 No.                            Key Performance Indicator (KPI)                           Target   Achievement
Corporate Secretary & Legal

   1.     Budget Realization                                                               100%      85.86%

  2.      Service Level Fulfillment                                                        100%      100.00%

  3.      Corporate Reputation Management                                                  100%      100.00%

  4.      Matrix Tindak Lanjut (MTL)                                                       100%      100.00%

  5.      Good Corporate Governance (GCG)                                                  90%       100.00%

  6.      Risk Composite Rating                                                              3       90.00%

   7.     Equity Improvement Implementation                                                  1       100.00%




                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
  8.      Legal & Compliance                                                               100%      100.00%

  9.      Stakeholder Relations Management                                                 100%      100.00%

  10.     Continuous Improvement                                                             3       100.00%

  11.     Human Capital Readiness (HCR)                                                    95%       100.00%

  12.     Organization Capital Readiness (OCR)                                             95%       94.72%

Internal Audit

   1.     Budget Realization                                                               100%      110.00%

  2.      Stakeholder SLA Fullfilment                                                      90%        101.11%

  3.      Closure of Audit Action Items                                                    75%       100.00%

  4.      Percent Completed vs Planned Audit                                               100%      100.00%

  5.      Good Corporate Governance (GCG)                                                  90%       100.00%

  6.      Risk Composite Rating                                                              3       100.00%

   7.     Continuous Improvement                                                             3       100.00%

  8.      Human Capital Readiness (HCR)                                                    95%       100.00%

  9.      Organization Capital Readiness (OCR)                                             95%       100.00%

  10.     Information Capital Readiness (ICR)                                              95%       100.00%

Financial & Management Accounting

   1.     Budget Realization                                                               100%      107.52%

  2.      Financial Statement Reporting                                                    100%      100.00%

  3.      Customer Satisfaction Index                                                        4       92.00%

  4.      Approved Corporate Budget                                                        100%      107.52%

  5.      Matrix Tindak Lanjut (MTL)                                                       100%      100.00%

  6.      Good Corporate Governance (GCG)                                                  90%       100.00%

   7.     Risk Composite Rating                                                              3       100.00%

  8.      Equity Improvement Implementation                                                  1       100.00%

  9.      Asset Management                                                                 100%      100.00%

  10.     Corporate Finance Service Level                                                  100%      100.00%

  11.     Tax Compliance                                                                   100%      100.00%

  12.     COGS Rate & Profitability                                                        100%      100.00%

  13.     Price Effectiveness                                                              100%      100.00%

  14.     Invoice Process & Clearing Performance                                           95%       100.00%

  15.     A/P A/R Transaction Readiness                                                    100%      100.00%

  16.     Continuous Improvement                                                             3       100.00%

  17.     Investment Planning & Control                                                    100%      100.00%


                                                                                                                 241
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       01

                                                                                  Hasil Kinerja Organ Pendukung Direksi Tahun 2025
     02                                                                    Assessment of the Supporting Bodies of the Board of Directors in 2025
                                                 No.                           Key Performance Indicator (KPI)                            Target   Achievement
                                                  18.    Business Data Quality                                                             100%      100.00%
    03
                                                  19.    Human Capital Readiness (HCR)                                                     95%       100.00%

                                                  20.    Organization Capital Readiness (OCR)                                              95%       100.00%
      04                                          21.    Information Capital Readiness (ICR)                                               95%       100.00%

                                                Quality Assurance & Safety

     05                                           1.     Budget Realization                                                                100%      110.00%

                                                  2.     Approval Rating                                                                   100%      100.05%

                                                  3.     Customer Satisfaction Index                                                         4       102.25%
    06
                                                  4.     Performance Fulfillment                                                           95%       100.00%

                                                  5.     Effectiveness of Finding & Recommendation Follow Up                               95%       100.00%

                                                  6.     Matrix Tindak Lanjut (MTL)                                                        100%      100.00%

                                                  7.     Good Corporate Governance (GCG)                                                   90%       100.00%

                                                  9.     Risk Composite Rating                                                               3       100.00%

                                                  10.    Continuous Improvement                                                              3       100.00%

                                                  11.    Human Capital Readiness (HCR)                                                     95%       100.00%

                                                  12.    Organization Capital Readiness (OCR)                                              95%       100.00%
Tata Kelola Perusahaan - Corporate Governance




                                                  13.    Information Capital Readiness (ICR)                                               95%       100.00%




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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
              Informasi Lainnya Tentang Dewan Komisaris
                                            dan Direksi
  Other Information About the Board of Commissioners and Board of Directors



PENCEGAHAN BENTURAN                                          PREVENTION OF CONFLICT OF
KEPENTINGAN [GRI 2-15] [ESG G-09]                            INTEREST [GRI 2-15] [ESG G-09]

Kegiatan usaha Perseroan tidak terlepas dari hubungan        The Company’s business activities inherently involve
dan interaksi antara individu di dalam Perseroan maupun      relationships and interactions between individuals




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
dengan pihak lain. Perseroan menyadari adanya potensi        within the Company as well as with external parties.
konflik kepentingan antara satu pihak dengan pihak           The Company acknowledges the potential for conflicts
lainnya, yang dapat memengaruhi proses pengambilan           of interest between one party and another, which may
keputusan yang pada akhirnya dapat merugikan                 influence the decision-making process and ultimately
Perseroan.                                                   harm the Company.

Salah satu upaya dalam mencegah konflik kepentingan          One way to prevent conflicts of interest is by maintaining
adalah dengan bersikap transparan terkait Dewan              transparency regarding the Board of Commissioners
Komisaris dan Direksi dalam hal pedoman kerja,               and Board of Directors, particularly in terms of their
hubungan kerja, hubungan afiliasi dan rangkap jabatan.       working guidelines, working relationships, affiliations,
Transparansi terkait informasi lainnya perihal anggota       and concurrent positions. Transparency on other
Dewan Komisaris dan Direksi akan membantu Perseroan          relevant information regarding members of the Board
untuk mencegah adanya benturan kepentingan yang              of Commissioners and Board of Directors helps the
dapat mempengaruhi keberlangsungan usaha.                    Company prevent any conflict of interest that may affect
                                                             business continuity.

Secara garis besar, Perseroan memitigasi setiap peluang      In general, the Company mitigates any potential conflict
yang dapat menimbulkan konflik kepentingan dengan            of interest by requiring that the Board of Directors, Board
mewajibkan bahwa Direksi, Dewan Komisaris, Pejabat           of Commissioners, Executive Officers, employees, and
Eksekutif Perseroan, serta karyawan atau pihak-              other related parties of the Company refrain from making
pihak terkait dengan Perseroan untuk menghindari             decisions under conditions where a conflict of interest
pengambilan keputusan dalam kondisi yang terdapat            exists.
konflik kepentingan.

PEDOMAN KERJA DEWAN KOMISARIS                                BOARD MANUAL OF THE BOARD OF
DAN DIREKSI                                                  COMMISSIONERS AND DIRECTORS

Dewan Komisaris dan Direksi Perseroan menjalankan            The Board of Commissioners and the Board of Directors
tugas dan tanggung jawabnya dengan mengacu kepada            do their duties and responsibilities according to
Pedoman dan Tata Tertib Kerja Dewan Komisaris dan Direksi    the approved Board Charter at the GMS. The Board
yang telah disetujui dalam RUPS. Penerapan Pedoman           Charter becomes a reference for the Board to work
sebagai acuan tata laksana kerja Dewan Komisaris dan         and also a joint commitment of all members to ensure
Direksi merupakan komitmen bersama seluruh anggota           the effectiveness and efficiency of the Company’s
guna menjamin efektivitas dan efisiensi pelaksanaan fungsi   supervisory and management functions.
pengawasan dan pengelolaan Perseroan.

Penyusunan Pedoman Kerja Dewan Komisaris dan                 The Board Charter follows the provision in the prevailing
Direksi telah dilakukan sesuai peraturan dan ketentuan       rules and regulations. The Company constantly reviews
yang berlaku. Perseroan senantiasa meninjau ulang isi        the contents of the Board Charter and makes changes,
dari Pedoman Kerja dan melakukan perubahan, jika             if necessary, according to the Company’s needs and
diperlukan, sesuai dengan kebutuhan Perseroan dan            developments in applicable regulations. The Board of
perkembangan regulasi yang berlaku. Adapun Pedoman           Commissioners Manual was last approved and signed on
Kerja Dewan Komisaris yang terakhir kali telah disetujui     November 17, 2025, while the Board of Directors Manual
dan ditandatangani tertanggal 17 November 2025,              was last approved and signed on October 20, 2020.
sedangkan Pedoman Direksi yang terakhir kali telah
disetujui dan ditandatangani adalah tertanggal 20
Oktober 2020.

                                                                                                                           243
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       01


     02
                                                               Pedoman Dewan Komisaris telah diunggah di website resmi GMF dan dapat diakses
    03                                                                                              oleh publik
                                                                 The Board Manual for the Board of Commissioners has been uploaded to the official
                                                                                   website of GMF and accessible for the public

      04                                                                                                  CLICK HERE


     05
                                                Isi Pedoman Dewan Komisaris
                                                Contents of the Board Manual for the Board of Commissioners

    06                                          1.   Susunan Dewan Komisaris;                                      1.  Composition of the Board of Commissioners;
                                                2.   Waktu Kerja Dewan Komisaris;                                  2.  Working Hours of the Board of Commissioners;
                                                3.   Remunerasi;                                                   3.  Remuneration;
                                                4.   Hak, Kewajiban dan Tanggung Jawab Dewan Komisaris,            4.  Rights, Obligations and Responsibilities of the Board of
                                                     termasuk di dalamnya mengatur mengenai:                           Commissioners, which include the following regulations:
                                                     a. Tugas dan wewenang Dewan Komisaris;                            a. Duties and authorities of the Board of Commissioners;
                                                     b. Tugas dan wewenang Komisaris Utama;                            b. Duties and authorities of the President Commissioner;
                                                     c. Tugas dan wewenang Anggota Dewan Komisaris;                    c. Duties and authorities of members of the Board of
                                                                                                                            Commissioners;
                                                5. Tugas dan Wewenang Dewan Komisaris, termasuk di dalamnya        5. Duties and Authorities of the Board of Commissioners, including
                                                   mengatur mengenai:                                                  provisions regarding:
                                                   a. Tugas dan wewenang Komisaris Utama;                              a. The duties and authorities of the President Commissioner;
                                                   b. Tugas dan wewenang Komisaris Independen;                         b. The duties and authorities of the Independent Commissioner;
                                                   c. Tugas dan wewenang Anggota Dewan Komisaris.                      c. The duties and authorities of members of the Board of
                                                                                                                            Commissioners.
Tata Kelola Perusahaan - Corporate Governance




                                                6. Mekanisme Pengangkatan, Pemberhentian, Pengunduran Diri         6. Mechanism to Appoint, Dismiss, Resignation, and Concurrent
                                                   dan Jabatan Rangkap Dewan Komisaris, termasuk di dalamnya           Position of the Board of Commissioners, which include the
                                                   mengatur mengenai:                                                  following regulations:
                                                   a. Pengangkatan dan Masa Jabatan Anggota Dewan Komisaris;           a. Appointment and Term of Office of Members of the Board
                                                                                                                            of Commissioners;
                                                   b. Pemberhentian dan Pengunduran Diri Anggota Dewan                 b. Dismissal and Resignation of Members of the Board of
                                                       Komisaris;                                                           Commissioners;
                                                   c. Jabatan Rangkap dan Jabatan Lowong Anggota Dewan                 c. Concurrent Positions and Vacant Position of Members of
                                                       Komisaris;                                                           the Board of Commissioners;
                                                7. Keberagaman Dewan Komisaris;                                    7. Diversity of the Board of Commissioners;
                                                8. Mekanisme Rapat Dewan Komisaris, yang terdiri dari Ketentuan    8. Mechanism for the Board of Commissioners Meeting in terms
                                                   Rapat Dewan Komisaris, Pelaksanaan Rapat Dewan Komisaris,           of Provisions, Implementation, Decision-Making Process inside
                                                   Tata Cara Pengambilan Keputusan di dalam dan di Luar Rapat          and outside the Board of Commissioners Meetings, including
                                                   Dewan Komisaris, termasuk di dalamnya mengatur Penilaian            the assessment of the Board of Commissioners and Directors
                                                   kinerja Dewan Komisaris dan Direksi;                                performance;
                                                9. Pengelolaan Hubungan Dewan Komisaris dengan Pemangku            9. Relationship Management between the Board of Commissioners
                                                   Kepentingan, yang di dalamnya mengatur mengenai:                    and Stakeholders, including provisions regarding:
                                                   a. Hubungan Dewan Komisaris dengan Pemegang Saham;                  a. The relationship between the Board of Commissioners and
                                                                                                                            Shareholders;
                                                     b. Hubungan Dewan Komisaris dengan Direksi meliputi               b. The relationship between the Board of Commissioners
                                                        Pertemuan Formal, Pertemuan Informal, Komunikasi Formal,            and the Board of Directors, including Formal Meetings,
                                                        dan Komunikasi Informal.                                            Informal Meetings, Formal Communication, and Informal
                                                                                                                            Communication.
                                                10. Program Pengenalan Perseroan dan Pelatihan Dewan Komisaris,    10. Company Induction Program and Training for the Board of
                                                    beserta Organ Pendukung Dewan Komisaris meliputi:                  Commissioners, including Supporting Organs of the Board of
                                                                                                                       Commissioners, covering:
                                                    a. Program Pengenalan Perseroan;                                   a. Company Induction Program;
                                                    b. Pelatihan Dewan Komisaris.                                      b. Training for the Board of Commissioners.
                                                11. Fasilitas Pinjaman Bagi Anggota Dewan Komisaris;               11. Loan Facilities for Members of the Board of Commissioners;
                                                12. Organ Pendukung Dewan Komisaris, termasuk di dalamnya          12. Supporting Organs of the Board of Commissioners, including
                                                    mengatur mengenai Sekretaris Dewan Komisaris dan Komite            provisions regarding the Board of Commissioners’ Secretary
                                                    Dewan Komisaris yang meliputi Komite Audit, Komite Nominasi        and Committees of the Board of Commissioners, comprising the
                                                    dan Remunerasi, dan Komite Pemantau Risiko dan Tata Kelola         Audit Committee, the Nomination and Remuneration Committee,
                                                    Terintegrasi.                                                      and the Risk Monitoring and Integrated Governance Committee.




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                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
Isi Pedoman Direksi
Contents of the Board Manual for the Board of Directors

1. Susunan Direksi;                                                    1. Composition of the Board of Directors;
2. Kewenangan Direksi mewakili Perseroan;                              2. Authorities of the Board of Directors in representing the
                                                                           Company;
3. Tugas, Wewenang, Kewajiban dan Tanggung Jawab Direksi:              3. Duties, Authorities, Obligations and Responsibilities of the Board
                                                                           of Directors:
4. Mekanisme Pengangkatan, Pemberhentian, Pengunduran Diri,            4. Mechanism to Appoint, Dismiss, Resignation, and Concurrent
   Jabatan Rangkap, dan Jabatan Lowong Anggota Direksi;                    Position as well as Vacant Position of Members of the Board
                                                                           of Directors;
5. Mekanisme Rapat Direksi, termasuk di dalamnya mengatur              5. Mechanism for Board of Directors Meetings, including provisions
   mengenai Ketentuan Rapat Direksi, Pelaksanaan Rapat Direksi,            regarding the requirements for Board of Directors meetings,
   Tempat Rapat Direksi, Mekanisme Kehadiran dalam Rapat, Tata             the conduct of such meetings, meeting venue, attendance
   Cara Pelaksanaan Rapat, Monitoring dan Evaluasi Tindak Lanjut           mechanisms, procedures for conducting meetings, monitoring
   Pelaksanaan Rapat Sebelumnya, Etika dalam Rapat, mekanisme              and evaluation of follow-up actions from previous meetings,
   pengambilan keputusan dan penyusunan risalah rapat;                     meeting ethics, decision-making mechanisms, and the
                                                                           preparation of meeting minutes.




                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
6. Pengelolaan Hubungan Direksi dengan Pemangku Kepentingan,           6. Management of the Board of Directors’ Relationships with
   termasuk di dalamnya mengatur mengenai Hubungan Direksi                 Stakeholders, including provisions regarding the Board of
   dengan Pemegang Saham, Hubungan Direksi dengan Komite                   Directors’ relationships with Shareholders, the Board of
   di Bawah Dewan Komisaris Hubungan Direksi dengan Dewan                  Directors’ relationships with Committees under the Board of
   Komisaris yang meliputi Pertemuan Formal, Pertemuan Informal,           Commissioners, and the Board of Directors’ relationships with
   Komunikasi Formal, Komunikasi Informal;                                 the Board of Commissioners, which include Formal Meetings,
                                                                           Informal Meetings, Formal Communication, and Informal
                                                                           Communication;
7. Program Pengenalan Perseroan dan Pelatihan Direksi;                 7. Induction and Training for the Board of Directors;
8. Waktu Kerja dan Cuti Direksi;                                       8. Working Time and Leave of the Board of Directors;
9. Fasilitas Pinjaman Bagi Anggota Direksi;                            9. Loan Facilities for Members of the Board of Directors;
10. Organ Pendukung Direksi, termasuk di dalamnya mengatur             10. Supporting Organs of the Board of Directors, including provisions
    mengenai:                                                              regarding:
    a. Sekretaris Perseroan yang meliputi Persyaratan Sekretaris           a. The Corporate Secretary, covering the requirements for the
       Perseroan, Kekosongan Sekretaris Perseroan, Hubungan                    Corporate Secretary, vacancy of the Corporate Secretary
       Direksi dan Sekretaris Perseroan;                                       position, and the relationship between the Board of Directors
                                                                               and the Corporate Secretary;
    b. Audit Internal yang meliputi Unit Audit Internal, Persyaratan       b. Internal Audit, covering the Internal Audit Unit, requirements
       Auditor Internal, Hubungan Direksi dan Unit Audit Internal.             for Internal Auditors, and the relationship between the Board
                                                                               of Directors and the Internal Audit Unit.



HUBUNGAN KERJA DEWAN KOMISARIS                                          WORK RELATIONSHIP BETWEEN THE
DAN DIREKSI                                                             BOARD OF COMMISSIONERS AND
                                                                        DIRECTORS

Pedoman Kerja Dewan Komisaris dan Direksi seperti                       The Board of Commissioners and Board of Directors
yang telah disebutkan sebelumnya juga berlaku sebagai                   Manual, as previously mentioned, also governs the working
kebijakan yang mengatur hubungan kerja antara Dewan                     relationship between the Board of Commissioners and the
Komisaris dan Direksi. Hubungan kerja ini berdasar                      Board of Directors. This relationship is based on check and
kepada prinsip pengawasan dan keseimbangan                              balance principles as a joint commitment in implementing
(check and balance) sebagai komitmen bersama dalam                      GCG principles. The Board of Commissioners Manual
mengimplementasikan prinsip-prinsip GCG. Pedoman                        and the Board of Directors Manual regulate the following
Dewan Komisaris dan Pedoman Direksi mengatur aspek-                     aspects concerning the Working Relationship of the Board
aspek terkait Hubungan Kerja Dewan Komisaris, Direksi,                  of Commissioners, Board of Directors, Stakeholders, and
dan Pemangku Kepentingan serta Tindakan Tertentu                        Certain Company Actions:
Perseroan sebagai berikut:
1. Hubungan Kerja Dewan Komisaris, Direksi, dan                         1. Working Relationship of the Board of Commissioners,
   Pemangku Kepentingan                                                    Board of Directors, and Stakeholders
   a. Hubungan Dewan Komisaris dengan Pemegang                             a. R e l a t i o n s h i p b e t w e e n t h e B o a r d o f
       Saham;                                                                 Commissioners and the Shareholders;
   b. Hubungan Direksi dengan Pemegang Saham;                              b. Relationship between the Board of Directors and
                                                                              Shareholders;
   c. Hubungan Dewan Komisaris dengan Direksi;                             c. R e l a t i o n s h i p b e t w e e n t h e B o a r d o f
                                                                              Commissioners and the Board of Directors;
   d. Hubungan Direksi dengan Komite di bawah                              d. Relationship between the Board of Directors
      Dewan Komisaris.                                                        and the Committees under the Board of
                                                                              Commissioners.




                                                                                                                                               245
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       01

                                                2. Tindakan Tertentu Perseroan                                2. Certain Actions of the Company
     02                                            a. Susunan, Tugas dan Wewenang, Hak, Kewajiban,               a. Composition, Duties and Powers, Rights,
                                                      dan Tanggung Jawab Dewan Komisaris dan                        Obligations, and the responsibilities of the Board
                                                      Direksi;                                                      of Commissioners and Board of Directors;
    03                                             b. Pengangkatan, Pemberhentian, Pengunduran                   b. Appointment, Termination, Resignation Self,
                                                      Diri, dan Jabatan Rangkap Dewan Komisaris                     and Concurrent Positions of the Board of
                                                      dan Direksi;                                                  Commissioners and Board of Directors;
                                                   c. Rapat Direksi, Rapat Dewan Komisaris, dan Rapat            c. Board of Directors Meetings, Board of Commissioners
      04
                                                      Bersama Dewan Komisaris dan Direksi;                          Meetings, and Joint Meetings of the Board of
                                                                                                                    Commissioners and Board of Directors;
                                                   d. Program Pengenalan dan Pelatihan Dewan                     d. The Board of Commissioners and Board of
     05                                               Komisaris dan Direksi;                                        Directors Induction and Training Programs;
                                                   e. Fasilitas Pinjaman bagi Dewan Komisaris dan                e. Loan Facilities for the Board of Commissioners
                                                      Direksi;                                                      and Board of Directors;
    06                                             f. Organ Pendukung Dewan Komisaris dan Direksi.               f. S u p p o r t i n g B o d i e s fo r t h e B o a rd o f
                                                                                                                    Commissioners and Board of Directors.

                                                Pelaksanaan hubungan kerja Dewan Komisaris dan                The work relationship between the Board of
                                                Direksi dalam kegiatan sehari-hari dilakukan melalui          Commissioners and Board of Directors in daily activities
                                                rapat gabungan Dewan Komisaris dan Direksi serta              is carried out through joint meetings of the Board and at
                                                penyelenggaraan RUPS. Media komunikasi formal                 the GMS. The official communication channel between
                                                antara Dewan Komisaris dan Direksi mencakup Laporan           the Board of Commissioners and Board of Directors
                                                Berkala Triwulanan, Laporan Khusus, Laporan Tahunan.          includes Quarterly Reports, Special Reports, and Annual
                                                Media komunikasi lainnya yang tersedia secara informal        Reports. Other communication channel includes e-mail,
                                                mencakup e-mail, Group Chatting/Messenger, dan                Group Chat/Messenger, and Knowledge Management
Tata Kelola Perusahaan - Corporate Governance




                                                Knowledge Management System.                                  System.

                                                KEBERAGAMAN KOMPOSISI DEWAN                                   DIVERSITY OF THE BOARD OF
                                                KOMISARIS DAN DIREKSI [GRI 405-1]                             COMMISSIONERS AND DIRECTORS
                                                                                                              COMPOSITION [GRI 405-1]

                                                GMF memiliki kebijakan keberagaman Dewan Komisaris            GMF has a policy concerning the diversity of the
                                                dan Direksi sebagaimana tercantum dalam Pedoman               Board of Commissioners and Board of Directors as
                                                Kerja Dewan Komisaris dan Direksi. Aspek keberagaman          stated in the Board Manual. The diversity includes
                                                yang diatur mencakup latar belakang pendidikan,               educational background, work experience, age, and
                                                pengalaman kerja, usia, dan jenis kelamin, dengan             gender, considering the Company’s current situation and
                                                senantiasa mempertimbangkan kebutuhan Perusahaan              business dynamics. The diversity policy aims to give a
                                                dan dinamika usaha. Kebijakan Keberagaman Dewan               broad perspective and create a composition full of high
                                                Komisaris dan Direksi bertujuan untuk memberikan              creativity in solving various issues. Information on the
                                                perspektif beragam, sekaligus menciptakan komposisi           diversity of the Board of Commissioners and Board of
                                                organ yang kaya akan kreativitas dalam memecahkan             Directors are as follows. Profiles of all members of the
                                                masalah yang dihadapi Perseroan. Informasi                    Board of Commissioners and Directors are available in
                                                keberagaman Dewan Komisaris dan Direksi tercantum             the Company Profile chapter of this Integrated Report.
                                                dalam tabel sebagai berikut. Profil seluruh anggota
                                                Dewan Komisaris dan Direksi dapat dilihat pada bab
                                                Profil Perusahaan pada Laporan Terintegrasi ini.


                                                                               Keberagaman Komposisi Anggota Dewan Komisaris
                                                                               Diversity of the Board of Commissioners Composition
                                                          Aspek Keberagaman                                              Realisasi
                                                 No.
                                                            Diversity Aspect                                            Realization
                                                                                  Anggota Dewan Komisaris memiliki keahlian yang beragam mencakup bidang teknik penerbangan,
                                                        Keahlian                  keuangan, komunikasi dan pendidikan, pertahanan (militer).
                                                  1.
                                                        Expertise                 The members of the Board of Commissioners possess diverse expertise in terms of aviation
                                                                                  engineering, finance, communication and education, defense (military).

                                                                                  Anggota Dewan Komisaris memiliki jenjang pendidikan yang beragam mulai dari sarjana hingga
                                                                                  magister di sejumlah bidang mencakup manajemen teknik penerbangan, ekonomi dan manajemen,
                                                        Pendidikan                komunikasi, dan akademi angkatan udara.
                                                  2.
                                                        Education                 The members of the Board of Commissioners possess varied educational backgrounds, ranging
                                                                                  from bachelor's to master's degrees in fields such as aviation engineering, economy and
                                                                                  management, communication, and air force academy.


246
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                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                Keberagaman Komposisi Anggota Dewan Komisaris
                                Diversity of the Board of Commissioners Composition
        Aspek Keberagaman                                                   Realisasi
No.
          Diversity Aspect                                                 Realization
                                   Anggota Dewan Komisaris merupakan para profesional yang menjabat berbagai posisi penting
                                   sebagai Komandan TNI AU, Komisaris Independen perusahaan manufaktur, wakil menteri,
      Pengalaman Kerja             serta staf ahli.
3.
      Professional Experiene       The members of the Board of Commissioners are professionals who are holding significant
                                   positions such as Commander of Indonesian Air Force, Independent Commissioner of manufacture
                                   companies, deputy minister, and expert staffs.

                                   Anggota Dewan Komisaris memiliki usia beragam mulai dari 42 tahun hingga 72 tahun yang
      Usia                         memperlihatkan tingkat kematangan setiap anggota.
4.
      Age                          The age range of the members of the Board of Commissioners spans from 42 years to 72 years,
                                   reflecting the maturity level of each member.

      Jenis Kelamin                Anggota Dewan Komisaris saat ini seluruhnya berjenis kelamin laki-laki.




                                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
5.
      Gender                       Currently, all members of the Board of Commissioners are male.

                                   •   Seluruh anggota Dewan Komisaris, independen terhadap pemegang saham pengendali GMF;
                                   •   Dari 4 (empat) anggota Dewan Komisaris, GMF memiliki 2 (dua) orang Komisaris Independen.
      Independensi                 •   All members of the Board of Commissioners are independent of GMF's controlling
6.
      Independence                     shareholders;
                                   •   Out of 4 (four) members of the Board of Commissioners, GMF has 2 (two) Independent
                                       Commissioner.



                                     Keberagaman Komposisi Anggota Direksi
                                   Diversity of the Board of Directors Composition
       Aspek Keberagaman                                                    Realisasi
No.
         Diversity Aspect                                                  Realization
                                  Anggota Direksi memiliki keahlian yang beragam mencakup bidang teknik dan operasional
      Keahlian                    perawatan pesawat, manajemen sumber daya manusia, keuangan, manajemen.
1.
      Expertise                   The members of the Board of Directors possess diverse expertise in terms of aircraft maintenance
                                  engineering and operations, human resource management, finance, business management.

                                  Anggota Direksi memiliki jenjang pendidikan yang beragam mulai dari sarjana hingga magister
                                  di sejumlah bidang mencakup keuangan dan ekonomi, teknik mesin dan penerbangan, hukum.
      Pendidikan
2.                                The members of the Board of Directors possess varying educational backgrounds, ranging
      Education
                                  from bachelor's to master's degrees in fields such as finance and economics, mechanical and
                                  aviation engineering, law.

                                  Anggota Direksi merupakan para profesional yang pernah menjabat berbagai posisi penting
                                  sebagai karyawan GMF yang mendapatkan promosi jabatan, jabatan eksekutif di sejumlah bank,
      Pengalaman Kerja            direktur maskapai penerbangan, serta eksekutif di Garuda.
3.
      Professional Experience     The members of the Board of Directors are professionals who have held significant positions
                                  such as GMF employees who received promotions, executive position in a number of banks,
                                  directors of airline, and executive position in Garuda.

                                  Anggota Direksi memiliki usia beragam mulai dari 37 tahun hingga 52 tahun yang memperlihatkan
                                  tingkat kematangan setiap anggota, namun berjiwa muda dan produktif untuk mengelola kegiatan
      Usia                        usaha setiap harinya.
4.
      Age                         The age range of the members of the Board of Directors spans from 37 years to 52 years,
                                  reflecting the maturity level of each member, but still has a youth energy and productive to
                                  manage the daily operation of the Company.

      Jenis Kelamin               Anggota Direksi saat ini memiliki seorang perempuan.
5.
      Gender                      Currently, the members of the Board of Directors has one female member.

                                  Sejumlah anggota Direksi memiliki jabatan rangkap di Garuda sebagai perpanjangan tangan
                                  pemegang saham pengendali, namun tetap memiliki independensi yang sesuai dengan regulasi
      Independensi                pasar modal dan prinsip tata kelola.
6.
      Independence                Several members of the Board of Directors hold concurrent positions at Garuda as representatives
                                  of the controlling shareholder, but they remain independent in accordance with capital market
                                  regulations and good corporate governance principles.




                                                                                                                                     247
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       01

                                                                                Keberagaman Manajemen dan Independensi [ESGG-01]
     02                                                                              Board Diversity and Independence [ESGG-01]
                                                                                                                                               Jumlah Pihak Independen
                                                     Tipe Manajemen                       Laki-laki                      Perempuan
                                                                                                                                                Number of Independent
                                                     Management Type                        Male                           Female
    03                                                                                                                                                  Parties
                                                 Komisaris
                                                                                4                              0                               1
                                                 Commissioner
      04                                         Direktur
                                                                                5                              1                               3
                                                 Director


     05                                         PELATIHAN DAN PENINGKATAN                                          TRAINING AND COMPETENCY
                                                KOMPETENSI DEWAN KOMISARIS DAN                                     ENHANCEMENT OF THE BOARD OF
                                                DIREKSI [GRI 2-17]                                                 COMMISSIONERS AND BOARD OF
    06                                                                                                             DIRECTORS [GRI 2-17]

                                                Perseroan memiliki kebijakan untuk mengikutsertakan                The Company has a policy to include members of
                                                Direksi dan Dewan Komisaris dalam program pelatihan,               the Board of Directors and Board of Commissioners
                                                workshop, dan studi banding (benchmarking).                        in training programs, workshops, and benchmarking
                                                Peningkatan kompetensi kedua organ utama tersebut                  activities. Enhancing the competencies of these
                                                menjadi penting untuk menjaga tingkat pemenuhan                    two key governing bodies is essential to ensure the
                                                kebutuhan Perseroan di tengah dinamika bisnis,                     Company’s ability to meet its needs amid dynamic
                                                sekaligus sebagai sebuah upaya untuk menciptakan                   business conditions, as well as to support the creation of
                                                keberlangsungan usaha yang berkelanjutan. Kebijakan                sustainable business continuity. This policy is regulated
                                                ini diatur dalam Pedoman Direksi dan Pedoman Dewan                 under the Manual for the Board of Directors and Board
Tata Kelola Perusahaan - Corporate Governance




                                                Komisaris. [ESG G-05]                                              of Commissioners. [ESG G-05]

                                                Informasi mengenai daftar kegiatan pelatihan dan                   Information on the list of training and competency
                                                peningkatan kompetensi yang diikuti Direksi dan Dewan              development activities attended by the Board of
                                                Komisaris sepanjang tahun 2025 dapat dilihat pada                  Directors and the Board of Commissioners throughout
                                                Laporan Keberlanjutan dalam Laporan Terintegrasi ini.              2025 can be found in the Sustainability Report within
                                                                                                                   this Integrated Report.

                                                NOMINASI DEWAN KOMISARIS DAN                                       NOMINATION OF THE BOARD OF
                                                DIREKSI [GRI 2-10]                                                 COMMISSIONERS AND BOARD OF
                                                                                                                   DIRECTORS [GRI 2-10]
                                                Perseroan telah menetapkan kriteria umum dalam                     The Company has set general criteria in its Articles of
                                                Anggaran Dasar Perseroan dan Board Manual sesuai                   Association and Board Manual, in accordance with the
                                                regulasi yang berlaku dalam memilih anggota Dewan                  prevailing regulations, for the selection of members of
                                                Komisaris dan Direksi. Perseroan juga memiliki kriteria            the Board of Commissioners and Board of Directors.
                                                khusus terkait anggota Dewan Komisaris dan Direksi                 The Company also applies specific criteria for members
                                                yang mempertimbangkan kompetensi dan pengalaman                    of the Board of Commissioners and Board of Directors,
                                                kerja kandidat dalam industri penerbangan dan MRO,                 taking into account the candidates’ competencies and
                                                dan/atau kriteria khusus lainnya sesuai bidang tugas               work experience in the airline and MRO industry, and/
                                                yang akan dijalankan. Kriteria-kriteria ini telah ditetapkan       or other requirements in line with the scope of duties
                                                secara internal dan menjadi dasar bagi KNR dan Dewan               to be carried out. These criteria have been internally
                                                Komisaris dalam menominasikan calon anggota. [ESG                  determined and serve as the basis for the KNR and
                                                G-06]                                                              the Board of Commissioners in nominating andidates.
                                                                                                                   [ESG G-06]

                                                Kriteria dan Prosedur Pengangkatan,                                Criteria and Procedure for Appointment
                                                Serta Pemberhentian Dewan Komisaris                                and Dismissal of the Board of
                                                                                                                   Commissioners
                                                Anggota Dewan Komisaris wajib memenuhi kriteria dan                Members of the Board of Commissioners must meet the
                                                kualifikasi sebagaimana tertuang dalam Anggaran Dasar              criteria and qualifications as stated in the Company’s
                                                Perseroan sebagai berikut:                                         Articles of Association as follows:
                                                1. Mempunyai akhlak, moral, dan integritas yang baik;              1. Have good morals, ethics, and integrity;
                                                2. Cakap melakukan perbuatan hukum;                                2. Be capable of carrying out legal actions;
                                                3. Dalam 5 (lima) tahun sebelum pengangkatan                       3. Within 5 (five) years before appointment and during
                                                   dan selama menjabat tidak pernah dinyatakan                         office, must have never been declared bankrupt,

248
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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
   pailit, tidak pernah menjadi anggota Direksi atau          never been a member of the Board of Directors
   Dewan Komisaris yang dinyatakan bersalah dan               or Board of Commissioners who was found guilty
   menyebabkan suatu Perseroan pailit atau pernah             and caused a company to go bankrupt, never been
   dihukum karena melakukan tindak pidana yang                punished for committing a criminal act that caused
   merugikan keuangan, tidak pernah menjadi anggota           financial losses, never been a member of the Board
   Direksi dan/atau anggota Dewan Komisaris yang              of Directors and/or the Board of Commissioners who,
   selama menjabat pernah tidak menyelenggarakan              during their tenure, failed to hold an Annual GMS,
   RUPS Tahunan, Pertanggungjawabannya sebagai                had their accountability as a member of the Board
   anggota Direksi dan/atau anggota Dewan Komisaris           of Directors and/or Board of Commissioners rejected
   pernah tidak diterima oleh RUPS atau pernah tidak          by the GMS, or failed to provide their accountability
   memberikan pertanggungjawaban sebagai anggota              to the GMS, causing companies with OJK approval
   Direksi dan/atau anggota Dewan Komisaris kepada            or registration permits to not fulfill their obligations
   RUPS, dan pernah menyebabkan perusahaan yang               to submit annual reports and/or financial reports to
   memperoleh izin persetujuan atau pendaftaran dari          OJK;




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
   OJK tidak memenuhi kewajiban menyampaikan laporan
   tahunan dan/atau laporan keuangan kepada OJK;
4. Memiliki komitmen untuk mematuhi peraturan              4. Have a commitment to comply with statutory
   perundang-undangan;                                        regulations;
5. Memiliki pengetahuan dan/atau keahlian di bidang        5. Have knowledge and/or expertise in the field
   yang dibutuhkan perseroan.                                 required by the company.

Proses seleksi calon anggota Dewan Komisaris               The selection process for candidates for the Board of
dilaksanakan oleh Komite Nominasi dan Remunerasi           Commissioners is carried out by the Nomination and
dengan mekanisme sebagai berikut:                          Remuneration Committee with the following mechanism.
1. Pembentukan Tim Evaluasi                                1. Establishment of Evaluation Team
    Perseroan membentuk Tim Evaluasi dengan                   The Company forms an Evaluation Team by
    menunjuk tenaga ahli atau Lembaga Profesional             appointing experts or professional institutions to
    untuk melakukan penilaian, jika diperlukan;               conduct the assessment, if necessary;
    a. Tim Evaluasi melakukan penjaringan dan penilaian       a. The Evaluation Team reviews and evaluates the
       terhadap Calon Direksi dan Calon Komisaris;               Candidates for the Directors and Commissioners;
    b. Tim Evaluasi menetapkan hasil evaluasi akhir           b. The Evaluation Team determines the final
       penilaian untuk disampaikan kepada Direksi                evaluation results to be submitted to the
       PT Garuda Indonesia (Persero) Tbk guna                    Directors of PT Garuda Indonesia (Persero) Tbk
       menetapkan penetapan;                                     in order to determine the determination;
    c. Tim Evaluasi menetapkan hasil evaluasi akhir           c. The Evaluation Team determines the final
       penilaian untuk disampaikan kepada Direksi                evaluation results to be submitted to the
       PT Garuda Indonesia (Persero) Tbk guna                    Directors of PT Garuda Indonesia (Persero) Tbk
       menetapkan penetapan.                                     in order to determine the determination.
2. Proses Penjaringan                                      2. Selection Process
    a. Tim Evaluasi menerima usulan dan mencari               a. The Evaluation Team accepts proposals and
       informasi bakal calon Direksi dan bakal Calon             seeks information on prospective Directors and
       Komisaris dari berbagai sumber;                           prospective Commissioners from various sources;
    b. Tim Evaluasi melakukan seleksi berdasarkan             b. The Evaluation Team selects based on established
       kriteria dan persyaratan administrasi yang                criteria and administrative requirements (CV,
       ditetapkan (CV, dokumen lain, dan informasi yang          other documents, and information received) to
       diterima) untuk menyusun Daftar Bakal Calon               compile a Candidate Candidate List (long list)
       (long list) sebanyak minimal 5 (lima) orang calon         of at least 5 (five) candidates for each of the
       untuk masing-masing jabatan anggota Direksi               directors’ positions and for positions Board of
       dan untuk jabatan Dewan Komisaris, minimal 3              Commissioners, a minimum of 3 (three) times
       (tiga) kali lipat jumlah jabatan Dewan Komisaris          the number of vacant Board of Commissioners
       yang kosong;                                              positions;
    c. Tim Evaluasi menyerahkan Daftar Bakal Calon            c. The Evaluation Team submits a Candidate List
       (long list) kepada Direksi PT Garuda Indonesia            (long list) to the Directors of PT Garuda Indonesia
       (Persero) Tbk untuk memperoleh persetujuan.               (Persero) Tbk for approval.
3. Proses Penilaian                                        3. Assessment Process
    a. Tim Evaluasi melakukan penilaian terhadap CV           a. The Evaluation Team conducts an assessment
       dan wawancara bakal Calon Komisaris yang                  of CVs and interviews of the Candidates for
       namanya tercantum dalam Daftar Bakal Calon                Candidates whose names are listed in the long
       (long list) yang telah disetujui oleh Direksi             list of candidates who have been approved by the
       PT Garuda Indonesia (Persero) Tbk untuk                   Directors of PT Garuda Indonesia (Persero) Tbk


                                                                                                                         249
Page 250
       01

                                                      memperoleh calon-calon terbaik yang akan                  to obtain the best candidates to be proposed to
     02                                               diusulkan kepada Direksi PT Garuda Indonesia              the Directors of PT Garuda Indonesia (Persero)
                                                      (Persero) Tbk sebagai Calon Komisaris;                    Tbk as Commissioner Candidate;
                                                   b. Tim Evaluasi menyampaikan Daftar Calon                 b. The Evaluation Team submits a Candidate
    03                                                (short list) kepada Direksi PT Garuda Indonesia           List (short list) to the Directors of PT Garuda
                                                      (Persero) Tbk untuk menetapkan Calon Komisaris            Indonesia (Persero) Tbk to determine the elected
                                                      terpilih.                                                 Candidates for Commissioners.
                                                4. Proses Penetapan                                       4. Determination Process
      04
                                                   a. Direksi PT Garuda Indonesia (Persero) Tbk              a. The Board of Directors of PT Garuda Indonesia
                                                      melakukan evaluasi akhir atas hasil Penilaian             (Persero) Tbk conducted a final evaluation of the
                                                      untuk menetapkan 1 (satu) calon Komisaris                 results of the Assessment to establish 1 (one)
     05                                               terpilih untuk jabatan Dewan Komisaris;                   candidate for Commissioners elected to the
                                                                                                                Board of Commissioners position;
                                                   b. Direksi PT Garuda Indonesia (Persero) Tbk              b. The Directors of PT Garuda Indonesia (Persero)
    06                                                mengajukan Calon Komisaris untuk ditetapkan               Tbk proposed the Candidates for Commissioners
                                                      dalam RUPS Anak Perusahaan menjadi anggota                to be determined at the GMS of Subsidiaries
                                                      Dewan Komisaris GMF.                                      to become members of the GMF Board of
                                                                                                                Commissioners.

                                                Mekanisme pemberhentian Dewan Komisaris dapat             The mechanism for dismissing the Board of
                                                dilakukan sewaktu-waktu dengan persetujuan pemegang       Commissioners can be done at any time with the
                                                saham setelah terbukti melakukan beberapa hal sebagai     approval of the shareholders after it is proven that they
                                                berikut:                                                  have done the following:
                                                1. Terbukti lalai dan tidak melaksanakan tugas dengan     1. Proved to be negligent and do not carry out their
                                                    baik;                                                    duties properly;
Tata Kelola Perusahaan - Corporate Governance




                                                2. Terbukti melakukan dan melanggar ketentuan             2. Proven to have committed and violated the provisions
                                                    peraturan perundang-undangan yang berlaku dan/           of the prevailing laws and regulations and/or Articles
                                                    atau Anggaran Dasar;                                     of Association;
                                                3. Terbukti terlibat dalam tindakan yang merugikan        3. Proven to have been involved in an act that was
                                                    Perusahaan dan/atau negara;                              detrimental to the Company and/or the state;
                                                4. Terbukti bersalah sebagaimana dinyatakan dalam         4. Be proven guilty as stated in a court that has
                                                    pengadilan yang memiliki kekuatan hukum yang tetap;      permanent legal force;
                                                5. Terbukti melakukan tindakan yang melanggar             5. Is proven to have committed an act that violates
                                                    etika dan/atau kepatutan sebagai anggota Dewan           ethics and/or appropriateness as a member of the
                                                    Komisaris; dan                                           Board of Commissioners; and
                                                6. Mengundurkan diri.                                     6. Resign.

                                                Kebijakan Suksesi Direksi                                 Succession Policy of the Board of
                                                                                                          Directors
                                                Perseroan memiliki kriteria persyaratan calon anggota     The Company has criteria for candidates of the Board
                                                Direksi yang terdapat dalam Board Manual. Kriteria        of Directors contained in the Board Manual. Criteria and
                                                dan persyaratan calon Anggota Direksi Perseroan           requirements for prospective Members of the Company’s
                                                sebagaimana yang tercantum di bawah ini:                  Board of Directors, as listed below:
                                                1. Mempunyai akhlak, moral, dan integritas yang baik;     1. Having good character, morals and integrity;
                                                2. Cakap melakukan perbuatan hukum;                       2. Capable of performing legal actions;
                                                3. Dalam 5 (lima) tahun sebelum pengangkatan dan          3. Within 5 (five) years before his appointment and
                                                   selama menjabat:                                           during his tenure:
                                                   a. tidak pernah dinyatakan pailit;                         a. never been declared bankrupt;
                                                   b. tidak pernah menjadi anggota Direksi dan/atau           b. never been a member of the Board of Directors
                                                       anggota Dewan Komisaris yang dinyatakan                    and/or member of the Board of Commissioners
                                                       bersalah menyebabkan suatu perusahaan                      who was found guilty of causing a company to
                                                       dinyatakan pailit;                                         be declared bankrupt;
                                                   c. tidak pernah dihukum karena melakukan tindak            c. never been punished for committing a crime that
                                                       pidana yang merugikan keuangan negara dan/                 is crucial to state finances and/or related to the
                                                       atau yang berkaitan dengan sektor keuangan; dan            financial sector; and
                                                   d. tidak pernah menjadi anggota Direksi dan/atau           d. has never been a member of the Board of
                                                       anggota Dewan Komisaris yang selama menjabat:              Directors and/or a member of the Board of
                                                                                                                  Commissioners who’s during his tenure:
                                                       •   pernah tidak menyelenggarakan RUPS                     • never held an Annual GMS;
                                                           Tahunan;


250
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                                                                                                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
            •      pertanggungjawabannya sebagai anggota                                                                 •       his responsibilities as members of the Board
                   Direksi dan/atau anggota Dewan Komisaris                                                                      of Directors and/or members of the Board of
                   pernah tidak diterima oleh RUPS atau pernah                                                                   Commissioners has never been accepted by
                   tidak memberikan pertanggungjawaban                                                                           the GMS or failed to provide accountability
                   sebagai anggota Direksi dan/atau anggota                                                                      as members of the Board of Directors and/
                   Dewan Komisaris kepada RUPS;                                                                                  or members of the Board of Commissioners
                                                                                                                                 to the GMS;
            •
          pernah menyebabkan perusahaan yang                                                                             •       has caused a company that has obtained a
          memperoleh izin, persetujuan, atau                                                                                     license, approval or registration from the OJK
          pendaftaran dari OJK tidak memenuhi                                                                                    not fulfilled its obligation to submit annual
          kewajiban menyampaikan laporan tahunan                                                                                 reports and/or financial reports to OJK;
          dan/atau laporan keuangan kepada OJK;
4. Memiliki komitmen untuk mematuhi peraturan                                                                4. Have a commitment to comply with laws and
   perundang-undangan; dan                                                                                      regulations; And




                                                                                                                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
5. Memiliki pengetahuan dan/atau keahlian di bidang                                                          5. Have knowledge and/or expertise in the fields
   yang dibutuhkan Perseroan.                                                                                   required by the Company.

Perseroan memiliki kebijakan suksesi Direksi untuk                                                           The Company has a succession policy for the Board of
memastikan adanya kaderisasi kepemimpinan yang                                                               Directors to have a performance-oriented cadre with
berorientasi pada kinerja untuk mengembangkan                                                                leadership quality to grow the business. The appointed
usaha GMF. Direksi yang ditunjuk harus lulus Penilaian                                                       Board of Directors must pass the Fit & Proper Test as
Kelayakan dan Kepatutan (Fit & Proper Test) sesuai                                                           stipulated in the prevailing laws and regulations. The
dengan peraturan perundang-undangan yang berlaku.                                                            appointment of candidates of the Company’s Board
Pengangkatan calon Direksi Perseroan berpegangan                                                             of Directors refers to the Regulation of the Minister
kepada Peraturan Menteri Negara Badan Usaha Milik                                                            of State-Owned Enterprises No. PER-3/MBU/03/2013
Negara No. PER-3/MBU/03/2013 tentang Organ dan                                                               concerning the Organization and Human Resources of
Sumber Daya Manusia Badan Usaha Milik Negara dan                                                             State-Owned Enterprises, as well as the Company’s
Anggaran Dasar Perseroan.                                                                                    Articles of Association.


         Pembentukan Tim Evaluasi                                    Proses Penjaringan
         Evaluation Team Formation                                    Searching Process                                 Proses penilaian                                   Proses penetapan
                                                                                                                       Assessment process                                 Determination process

 •   Tim evaluasi menunjuk tenaga ahli atau             •   Tim evaluasi menerima usulan dan mencari
     lembaga professional untuk melakukan                   informasi bakal calon direksi dari berbagai                                                          •   Direksi PT Garuda Indonesia Tbk,
                                                                                                             •   Tim evaluasi melakukan penilaian
     penilaian, jika diperlukan                             sumber                                                                                                   melakukan evaluasi akhir atas hasil
                                                                                                                 terhadap CV dan wawancara bakal calon
 •   Tim evaluasi melakukan penjaringan dan             •   Tim evaluasi melakukan seleksi berdasarkan                                                               penilaian untuk menetapkan 1 (satu)
                                                                                                                 Direksi yang namanya tercantum dalam
     penilaian terhadap calon direksi                       kriteria dan persyaratan administrasi yang                                                               calon Direksi terpilih untuk jabatan
                                                                                                                 daftar bakal calon (long list) yang telah
 •   Tim evaluasi menyiapkan hasil evaluasi                 ditetapkan (CV, Dokumen lain dan informasi                                                               anggota Direksi
                                                                                                                 disetujui oleh Direksi PT Garuda Indonesia
     akhir yang telah ditetapkan oleh Direksi PT            yang diterima) untuk menyusun daftar bakal                                                           •   Direksi PT Garuda Indonesia Tbk,
                                                                                                                 Tbk, sebagai calon direksi
     Garuda Indonesia Tbk, guna disampaikan                 calon (long list) sebanyak minimal 5 (lima)                                                              mengajukan calon direksi untuk
                                                                                                             •   Tim evaluasi menyampaikan daftar calon
     oleh Direksi PT Garuda Indonesia Tbk,                  orang calon untuk masingmasing jabatan                                                                   ditetapkan dalam RUPS anak perusahaan
                                                                                                                 (short list) yang terdiri dari 3 (tiga) orang
     Kepada Dewan Komisaris dan atau Menteri                anggota Direksi                                                                                          menjadi anggota direksi GMF
                                                                                                                 untuk masing-masing jabatan anggota
     Negara BUMN, Jika diperlukan                       •   Tim Evaluasi menyerahkan daftar bakal calon                                                          •   Keputusan pemegang saham baik
                                                                                                                 direksi dengan ranking nilai terbaik
 •   Evaluation team designates experts or                  (long list) kepada Direksi PT Garuda Indonesia                                                           di dalam RUPS maupun di luar RUPS
                                                            Tbk. untuk memperoleh persetujuan                    kepada direksi PT Garuda Indonesia Tbk,
     professional institution for assessment, if                                                                 untuk menetapkan calon                              menetapkan calon Direksi terpilih sebagai
     necessary.                                         •   Evaluation team accepts the proposal and
                                                                                                             •   The evaluation team reviews the CV and              anggota direksi GMF
 •   Evaluation team performs assessment and                seeks the information on candidates various
                                                                                                                 conduct interview on candidates under           •   The board of directors of PT Garuda
     evaluation to candidate of directors                   sources
                                                                                                                 the Long List of the Board of Directors             Indonesia Tbk, shall conduct a final
 •   Evaluation team prepares the final evaluation      •   Evaluation team selects based on established
                                                                                                                 which has been approved by the Board                evaluation of the assessment result to
     result set forth by the Board of directors of PT       criteria and administrative requirements (CV,
                                                                                                                 of Directors of PT Garuda Indonesia Tbk             determine 1 (one) selected prospective
     Garuda Indonesia (Persero) Tbk to the board            other documents, and information received)
                                                                                                             •   The Evaluation Team submits a short                 for the position of the board of directors
                                                            to prepare a minimum of 5 (five) candidates
     of Commissioners and the state minister of                                                                  list consisting 3 (three) person for each       •   The board of directors of PT Garuda
                                                            (list/long list) for each member of the board
     Does, if necessary                                                                                          member position of the Board Directors              Indonesia Tbk, shall propose the
                                                            of directors
                                                                                                                 of Garuda Indonesia Tbk, to establish the           prospective directors to be stipulated in the
                                                        •   The evaluation team submits a candidate
                                                                                                                 elected Candidates of the Board Directors           GMS of subsidiary to become the member
                                                            list (long list ) to the board of directors of
                                                                                                                                                                     of GMF’s board of directors
                                                            PT Garuda Indonesia (Persero) Tbk for
                                                            Approval                                                                                             •   The decision of the shareholders either on
                                                                                                                                                                     the GMS or outside the elected directors
                                                                                                                                                                     as member of the GMF’s board of directors




Suksesi Direksi juga tidak terlepas dari adanya anggota                                                      The succession is also applicable if a Director was
Direksi yang diberhentikan ataupun mengundurkan diri                                                         dismissed or resigned due to various reasons. However,
karena berbagai alasan. Akan tetapi, Perseroan sendiri                                                       the Company owns a mechanism to dismiss the Directors
telah memiliki mekanisme pemberhentian Direksi apabila                                                       if the person in question proves the following:
yang bersangkutan terbukti:
1. Terbukti tidak dapat memenuhi kewajibannya yang                                                           1. Proven unable to fulfill obligations as agreed upon
    telah disepakati dalam Kontrak Manajemen;                                                                   in the Management Contract;
2. Adanya perubahan strategi bisnis pada BUMN;                                                               2. Changes in the business strategy of the SOE;
3. Terbukti tidak dapat menjalankan tugasnya dengan                                                          3. Proven unable to carry out duties properly;
    baik;
4. Terbukti terlibat dalam tindakan yang merugikan                                                           4. Proven to be involved in actions that cause losses
    Perseroan dan/atau keuangan Negara;                                                                         to the Company and/or the State’s finances;



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       01

                                                5. Terbukti melanggar ketentuan peraturan perundang-       5. Proven to have violated the provisions of laws and
     02                                             undangan dan/atau ketentuan yang dimuat dalam              regulations and/or the provisions contained in the
                                                    Anggaran Dasar Perusahaan;                                 Company’s Articles of Association;
                                                6. Telah ditetapkan sebagai tersangka atau terdakwa        6. Officially named as a suspect or defendant by the
    03                                              oleh pihak yang berwenang dalam tindakan yang              competent authority in actions that cause losses to
                                                    merugikan Perseroan dan/atau keuangan Negara;              the Company and/or the State’s finances;
                                                7. Terbukti melakukan tindakan yang melanggar etika        7. Proven to have committed unethical and/or improper
                                                    dan/atau kepatutan;                                        actions;
      04
                                                8. Terbukti melakukan tindakan yang melanggar kode         8. Proven to have violated the Company’s code of
                                                    etik Perseroan;                                            conduct;
                                                9. Terbukti bersalah dengan keputusan pengadilan           9. Found guilty by a court decision with permanent
     05                                             yang mempunyai kekuatan hukum yang tetap; atau             legal force; or
                                                10. Berhalangan tetap, termasuk sakit keras/sakit          10. Permanently incapacitated, including severe or
                                                    berkepanjangan.                                            prolonged illness.
    06
                                                Mekanisme pengangkatan calon Direksi ataupun               The appointment of a candidate or dismissal of a
                                                pemberhentian Direksi dilakukan melalui RUPS dengan        Director is made through the GMS with the approval
                                                persetujuan pemegang saham.                                from the shareholders.

                                                PENILAIAN KINERJA DEWAN                                    ASSESSMENT ON THE BOARD OF
                                                KOMISARIS DAN DIREKSI [GRI 2-18]                           COMMISSIONERS AND DIRECTORS
                                                                                                           PERFORMANCE [GRI 2-18]

                                                Perseroan memiliki mekanisme untuk menilai Dewan           The Company has a mechanism to periodically assess
                                                Komisaris dan Direksi secara berkala terkait kinerja       the Board of Commissioners and Board of Directors with
Tata Kelola Perusahaan - Corporate Governance




                                                kolektif dan individual setiap anggota dalam menjalankan   respect to the collective and individual performance
                                                tugas dan tanggung jawab mereka. Penilaian dilakukan       of each member in carrying out their duties and
                                                menggunakan kriteria KPI yang tercantum dalam              responsibilities. The assessment is conducted using KPI
                                                Rencana Kerja Dewan Komisaris dan Kontrak Manajemen        criteria as stipulated in the Board of Commissioners’
                                                Direksi. Pemegang Saham mengetahui dan turut menilai       Work Plan and the Management Contract of the
                                                kinerja pengawasan dan pengelolaan Perseroan dengan        Board of Directors. Shareholders are informed of and
                                                menelaah Laporan Tahunan, Laporan Pengawasan,              participate in evaluating the Company’s supervisory
                                                dan Laporan Keuangan yang dipublikasikan dan               and management performance by reviewing the Annual
                                                dipertanggungjawabkan saat pelaksanaan RUPS.               Report, Supervisory Report, and Financial Statements
                                                Hasil evaluasi kinerja masing-masing anggota Dewan         that are published and accounted for at the GMS. The
                                                Komisaris dan Direksi menjadi salah satu dasar             results of the performance evaluation of each member
                                                pertimbangan bagi pemegang saham untuk melakukan           of the Board of Commissioners and Board of Directors
                                                penunjukan kembali. Hasil evaluasi ini menjadi bagian      serve as one of the considerations for shareholders in
                                                yang tidak terpisahkan dalam skema remunerasi untuk        making reappointment decisions. These results also
                                                Dewan Komisaris dan Direksi. [ESG G-04]                    form an integral part of the remuneration scheme for
                                                                                                           the Board of Commissioners and Board of Directors.
                                                                                                           [ESG G-04]

                                                Penilaian Kinerja Dewan Komisaris                          Assessment on the Board of
                                                                                                           Commissioners
                                                Kinerja Dewan Komisaris dinilai secara kolegial setiap     The annual assessment on the Board of Commissioners
                                                tahunnya dengan mengacu pada ketetapan yang                refers to the current year’s provisions to be submitted
                                                telah ditentukan di tahun berjalan untuk selanjutnya       and evaluated at the GMS.
                                                dipertanggungjawabkan dan dievaluasi oleh RUPS.

                                                Dewan Komisaris memiliki kriteria KPI sebagai dasar        The Board of Commissioners has KPI criteria as the
                                                dalam melakukan penilaian kinerja. Penyusunan              basis for performance assessment. The KPIs are
                                                KPI ditentukan dan disepakati bersama Pemegang             determined and agreed upon by the Shareholders,
                                                Saham, Dewan Komisaris, dan Direksi dalam RUPS.            Board of Commissioners and Board of Directors in the
                                                Penilaian terhadap kinerja Dewan Komisaris dilihat         GMS. Assessment of the performance of the Board of
                                                dari pelaksanaan tugas dan tanggung jawab masing-          Commissioners is seen from the implementation of their
                                                masing sebagaimana ditetapkan dalam Rencana Kerja          respective duties and responsibilities as stipulated in the
                                                Dewan Komisaris dalam Keputusan Dewan Komisaris            Board of Commissioners Work Plan in the Decree of the
                                                tanggal 14 Januari 2025. Sepanjang tahun 2025, Dewan       Board of Commissioners January 14,2025. Throughout
                                                Komisaris telah melaksanakan fungsi serta tugas dan        2025, the Board of Commissioners has carried out its


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                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
tanggung jawab masing-masing dengan mengacu                       functions and duties and responsibilities with reference
kepada rencana kerja yang telah disusun.                          to the work plan that has been prepared.

Penilaian Kinerja Direksi                                         Assessment on the Board of Directors
Direksi berkewajiban untuk menyampaikan laporan                   The Board of Directors is obligated to submit its
kinerja dan pencapaian Perseroan kepada pemegang                  report concerning the Company’s performance and
saham dalam RUPS. Mekanisme penilaian kinerja Direksi             achievements to shareholders at the GMS. The
menjadi tanggung jawab Dewan Komisaris dengan                     assessment on the Board of Directors becomes the
mengacu kepada kriteria, target, dan indikator kinerja            responsibility of the Board of Commissioners using
(Key Performance Indicator) yang tertuang dalam                   the criteria, targets, and performance indicators (Key
Kontrak Manajemen Direksi terkait kriteria penilaian              Performance Indicators) in the Management Contract
individual maupun kolegial.                                       of the Board of Directors as a reference to assess the
                                                                  individual and collegial parameters.




                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Dewan Komisaris menyampaikan hasil penilaian terhadap             The Board of Commissioners submits the assessment
kinerja Direksi kepada RUPS sebagai bagian dari laporan           to the GMS as part of the supervisory report. The GMS
tugas pengawasan Dewan Komisaris. RUPS memiliki                   has the authority to approve the Board of Directors'
wewenang untuk menyetuji hasil penilaian kinerja Direksi          performance appraisal results by taking into account
dengan mempertimbangkan tanggapan Dewan Komisaris.                the Board of Commissioners' responses.

Secara umum, prosedur penilaian kinerja Direksi adalah            In general, the procedures for evaluating the
sebagai berikut:                                                  performance of the Board of Directors are as follows:
1. Kontrak Manajemen Direksi yang memuat kriteria                 1. Directors’ Management Contracts that contain
   penilaian kinerja Direksi baik individu dan kolegial              criteria for evaluating the performance of Directors
   ditandatangani setahun sekali bersamaan dengan                    both individually and collegially are signed once a
   penyusunan dan pengesahan RKAP oleh Pemegang                      year together with the preparation and approval of
   Saham;                                                            the RKAP by the Shareholders;
2. Direksi menyampaikan laporan kinerja kepada                    2. The Board of Directors submits a performance report
   Dewan Komisaris dengan mengacu kepada Indikator                   to the Board of Commissioners by referring to the
   Penilaian Kinerja (Key Performance Indicator) yang                Performance Indicators (Key Performance Indicators)
   telah ditetapkan dalam Kontrak Manajemen Direksi;                 specified in the Directors’ Management Contract;
3. Laporan pencapaian kinerja disampaikan bersamaan               3. Performance reports are submitted together with the
   dengan Laporan Manajemen Triwulanan dan Tahunan                   Quarterly and Annual Management Reports to the
   kepada Dewan Komisaris dan Pemegang Saham;                        Board of Commissioners and Shareholders;
4. Dewan Komisaris memberikan evaluasi terhadap                   4. The Board of Commissioners provides an evaluation
   laporan pencapaian target dari masing-masing KPI                  of the report on the achievement of targets of each
   yang diterima Direksi setiap Triwulanan dan Tahunan;              KPI received by the Board of Directors on a quarterly
                                                                     and annual basis;
5. Dewan Komisaris dan Pemegang Saham selanjutnya                 5. The Board of Commissioners and Shareholders then
   perhitungan tingkat pencapaian berdasarkan Laporan                calculate the level of achievement based on the
   Triwulanan dan Tahunan dengan mempertimbangkan                    Quarterly and Annual Reports taking into account
   pencapaian target individual dan kolegial.                        the achievement of individual and collegial targets.



                                           Pencapaian KPI Direksi Tahun 2025
                                     KPI Achievement of the Board of Directors in 2025
                    KPI                     Freq        Actual             Target        Ach (%)    Weight      Score
 Nilai Ekonomi dan Sosial untuk Indonesia
                                                                                                    62,50%
 Economic and Social Values for Indonesia

 Revenue*                                     M      491.88 MUSD        452.69 MUSD      108.65%     15.00%     16.30%

 EBITDA*                                      M       79.90 MUSD         70.91 MUSD      112.69%     15.00%     16.50%

 Cash Balance*                                M       40.96 MUSD         12.92 MUSD      317.52%     12.50%      13.75%

 Customer SLA Fulfillment                     M         100.12%             100%         100.12%      7.50%      7.51%

 Customer Satisfaction Index                  S            4                  4          100.00%     5.00%       5.00%

 Compliance Index                             Q         104.89%            100.00%       104.89%      7.50%      7.50%




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       01

                                                                                             Pencapaian KPI Direksi Tahun 2025
     02                                                                                KPI Achievement of the Board of Directors in 2025
                                                                      KPI                     Freq        Actual            Target         Ach (%)   Weight     Score
                                                Inovasi Model Bisnis
    03                                          Business Model Innovation
                                                                                                                                                     15.00%

                                                Continuous Improvement                          M           106               63           100.00%   5.00%      5.00%

      04                                        Risk Maturity Index                             A          2.92              2.60          100.00%   5.00%      5.00%

                                                Excess Inventory                                M          1.98%            5.00%          100.00%   5.00%      5.00%

                                                Kepemimpinan Teknologi
     05                                         Technology Leadership
                                                                                                                                                     5,00%

                                                Information Capital Readiness (ICR)             M         98.31%            95.00%         103.49%   5.00%      5.00%

    06                                          Peningkatan Investasi
                                                                                                                                                     5,00%
                                                Increased Investment

                                                Equity Improvement Implementation               A            1                1            100.00%   5.00%      5.00%

                                                Pengembangan Talenta
                                                                                                                                                     12,50%
                                                Talent Development

                                                Human Capital Readiness (HCR)                   M         96.99%            95.00%         102.09%    7.50%     7.50%

                                                Organization Capital Readiness (OCR)            M         95.09%            95.00%         100.10%   5.00%      5.00%

                                                Jumlah Skor
                                                                                                                                                               104,06%
                                                Total Score
Tata Kelola Perusahaan - Corporate Governance




                                                REMUNERASI DEWAN KOMISARIS DAN                                     REMUNERATION FOR THE BOARD OF
                                                DIREKSI [GRI 2-19, 2-20]                                           COMMISSIONERS AND DIRECTORS
                                                                                                                   [GRI 2-19, 2-20]

                                                Dasar Hukum Penetapan Remunerasi                                   Legal Basis for Remuneration of the
                                                Dewan Komisaris dan Direksi                                        Board of Commissioners and Directors
                                                Penetapan remunerasi Dewan Komisaris dan Direksi                   The remuneration for the Board of Commissioners and
                                                dilakukan dengan berlandaskan pada peraturan                       Board of Directors is set according to the applicable
                                                perundang-undangan yang berlaku:                                   laws and regulations:
                                                1. Undang-Undang Republik Indonesia No. 40 Tahun                   1. Law of the Republic of Indonesia No. 40 of 2007
                                                    2007 Pasal 113 tentang Perseroan Terbatas.                        Article 113 concerning Limited Liability Companies.
                                                2. Peraturan Menteri BUMN Nomor PER-3/                             2. SOE Minister Regulation Number PER-3/
                                                    MBU/03/2023 tentang Organ dan Sumber Daya                         MBU/03/2023 concerning Organs and Human
                                                    Manusia Badan Usaha Milik Negara.                                 Resources of State-Owned Enterprises.
                                                3. Anggaran Dasar Perseroan.                                       3. Company’s Articles of Association.

                                                Prosedur Penetapan Remunerasi Dewan                                Procedure to Determine the Remuneration
                                                Komisaris dan Direksi                                              for the Board of Commissioners and
                                                                                                                   Directors
                                                Penyusunan kebijakan penetapan remunerasi                          The remuneration for the Board of Commissioners and
                                                Dewan Komisaris dan Direksi dilakukan berdasarkan                  Board of Directors is based on the Nomination and
                                                rekomendasi oleh Komite Nominasi dan Remunerasi                    Remuneration Committee’s remuneration at the Board
                                                untuk dibahas dalam Rapat Dewan Komisaris. Hasil                   of Commissioners Meeting. The result of the discussion
                                                pembahasan dan penetapan remunerasi Dewan                          is submitted by the Nomination and Remuneration
                                                Komisaris dan Direksi selanjutnya disampaikan oleh                 Committee to the GMS to receive approval from the
                                                Komite Nominasi dan Remunerasi kepada RUPS untuk                   Shareholders.
                                                disetujui dan ditetapkan oleh Pemegang Saham.




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                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                               Rapat Umum Pemegang Saham
                                               General Meeting of Shareholders

                                Pemberian persetujuan oleh Pemegang Saham dan penetapan
                                     remunerasi untuk Dewan Komisaris dan Direksi.

                              GMF provides the information that is relevant, accurate, and punctual
                                             to shareholders and all stakeholders




                                                     Dewan Komisaris
                                                  Board of Commissioners

                          •   Dewan Komisaris mempelajari rekomendasi jumlah remunerasi yang diberikan




                                                                                                                                Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                              oleh Komite Nominasi dan Remunerasi;
                          •   Pemberian usulan kepada RUPS terkait remunerasi Dewan Komisaris dan
                              Direksi.
                          •   The Board of Commissioners studies the recommended amount of remuneration
                              given by the Nomination and
                          •   Remuneration Committee;
                          •   Giving Proposals to the GMS related to the remuneration of the Board of
                              Commissioners and Directors.




                                          Komite Nominasi dan Remunerasi
                                        Nomination and Remuneration Committee

                          •   Pengkajian dengan mempertimbangkan pencapaian kinerja dan kontribusi;
                              Dewan Komisaris dan Direksi serta pengajian jumlah remunerasi di industri
                              lain yang sejenis;
                          •   Pemberian rekomendasi kepada Dewan Komisaris.
                          •   Assessment by considering the performance achievements and contributions
                              of the Board of Commissioners and Directors as well as an assessment of the
                              amount of remuneration in other similar industries;
                          •   Providing recommendations to the Board of Commissioners.




Indikator Penetapan Remunerasi Dewan                                Indicator to Determine the Remuneration
Komisaris dan Direksi                                               of the Board of Commissioners and
                                                                    Directors
Komite Nominasi dan Remunerasi menetapkan                           The Nomination and Remuneration Committee
remunerasi Dewan Komisaris dan Direksi. Penyusunan                  determines the remuneration for the Board of
struktur, kebijakan, dan besaran remunerasi Dewan                   Commissioners and Board of Directors. The composition,
Komisaris dan Direksi harus memperhatikan hal-hal                   policies, and amount of remuneration for the Board
sebagai berikut:                                                    of Commissioners and Board of Directors must pay
                                                                    attention to the following matters:
•   Remunerasi yang berlaku pada industri sesuai                    • Remuneration applicable to the industry in
    dengan kegiatan usaha dan skala usaha dari emiten                   accordance with the business activities and business
    atau perusahaan publik sejenis.                                     scale of the issuer or similar public company.
•   Tugas, tanggung jawab, dan wewenang anggota                     • The duties, responsibilities and authority of members
    Direksi dan/atau anggota Dewan Komisaris dikaitkan                  of the Board of Directors and/or members of the Board
    dengan pencapaian tujuan dan kinerja Perseroan.                     of Commissioners are related to the achievement of
                                                                        the goals and performance of the Company.
•   Target kinerja atau kinerja masing-masing anggota               • Performance targets or the performance of each
    Direksi dan/atau anggota Dewan Komisaris.                           member of the Board of Directors and/or members
                                                                        of the Board of Commissioners.
•   Keseimbangan tunjangan antara yang bersifat tetap               • Balance between fixed and variable benefits.
    dan bersifat variabel.
•   Kesesuaian peraturan dan perundang-undangan di                  •    Compliance with laws and regulations in the field of
    bidang perpajakan dan ketenagakerjaan.                               taxation and employment.




                                                                                                                                255
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       01

                                                •   Asas keterbukaan, keseimbangan internal serta                    •   The principle of openness, internal balance and
     02                                             kompetitif dengan perusahaan lain selain Perseroan.                  competitive with other companies outside the
                                                                                                                         Company.


    03                                          Penetapan remunerasi Dewan Komisaris dan Direksi                     Determination of the remuneration of the Board of
                                                berdasarkan pada pencapaian kinerja Perseroan untuk                  Commissioners and Directors based on the achievement
                                                tahun buku sebelumnya sebagaimana tertuang dalam                     of the Company’s performance for the previous financial
                                                Laporan Keuangan, serta penilaian KPI tahun buku                     year as stipulated in the Audit Financial Report, as well
      04
                                                sebelumnya yang merupakan bahan pertimbangan                         as the KPI assessment of the previous book year which
                                                dalam menetapkan tantiem tahun buku sebelumnya dan                   is a material consideration in determining the tantiem
                                                remunerasi untuk Direksi dan Dewan Komisaris.                        of the previous financial year and remuneration for the
     05                                                                                                              Directors and the Board of Commissioners.

                                                Struktur Remunerasi Dewan Komisaris                                  Remuneration Structure of the Board of
    06                                          dan Direksi                                                          Commissioners and Directors
                                                Struktur remunerasi Dewan Komisaris dan Direksi                      The remuneration structure of the Board of
                                                mengacu kepada Peraturan Menteri BUMN Nomor                          Commissioners and Board of Directors refers to the
                                                PER-3/MBU/03/2023 tentang Organ dan Sumber                           Regulation of the Minister of SOEs Number PER-3/
                                                Daya Manusia Badan Usaha Milik Negara. Berdasarkan                   MBU/03/2023 on Organs and Human Resources of
                                                peraturan tersebut, komponen penghasilan Dewan                       State-Owned Enterprises. Based on the regulation,
                                                Komisaris terdiri dari:                                              the income components of the Board of Commissioners
                                                                                                                     consist of::


                                                Remunerasi Dewan Komisaris
                                                Board of Commissioners’ Remuneration Structure
Tata Kelola Perusahaan - Corporate Governance




                                                Honorarium Dewan Komisaris                                          Board of Commissioners Salary
                                                Penghasilan tetap berupa uang yang diterima setiap bulan karena     It is a fixed income in the form of money received every month
                                                kedudukannya sebagai anggota Dewan Komisaris, dengan ketentuan      because of his position as a member of the Board of Commissioners,
                                                sebagai berikut:                                                    with the following conditions:
                                                • Perhitungan gaji Komisaris Utama sebesar 45% dari gaji Direktur   • The calculation of the salary of the President Commissioner is
                                                   Utama.                                                                45% of the salary of the President Director.
                                                • Perhitungan gaji Komisaris sebesar 90% dari gaji Komisaris        • Calculation of Commissioner’s salary of 90% of the salary of
                                                   Utama.                                                                the President Commissioner.


                                                Tunjangan Dewan Komisaris                                           Board of Commissioners Allowances
                                                Penghasilan berupa uang atau yang dapat dinilai dengan uang yang    It’s an income in the form of money or which can be valued with
                                                diterima pada waktu tertentu oleh anggota Dewan Komisaris selain    money received at a certain time by members of the Board of
                                                Honorarium, yang dapat berupa:                                      Commissioners in addition to the Honorarium, which can be in
                                                                                                                    the form of:
                                                •   Tunjangan Hari Raya, diberikan paling banyak 1 (satu) kali      • Holiday allowance, is given at most 1 (one) fixed income per
                                                    penghasilan tetap per bulan di setiap tahunnya                       month in each year.
                                                •   Tunjangan Transportasi, diberikan sebesar 20% (dua puluh        • Transportation allowance, given in the amount of 20% (twenty
                                                    persen) dari Honorarium masing-masing anggota Dewan                  percent) of the Honorarium of each member of the Board of
                                                    Komisaris.                                                           Commissioners.
                                                •   Asuransi Purna Jabatan, diberikan dengan ketentuan premi yang   • Full-Term Insurance, provided with the premium provisions that
                                                    ditanggung Perusahaan paling banyak 25% dari honorarium              the Company bears at most 25% of the annual honorarium.
                                                    per tahun.

                                                Fasilitas Dewan Komisaris                                           Facilities for the Board of Commissioners
                                                Penghasilan berupa sarana dan/atau kemanfaatan dan/atau             It’s an income in the form of facilities and/or benefits and/or
                                                penjaminan yang digunakan/dimanfaatkan oleh anggota Dewan           guarantees used/utilized by members of the Board of Commissioners
                                                Komisaris dalam rangka pelaksanaan tugas, wewenang, kewajiban       in the context of carrying out duties, authorities, obligations and
                                                dan tanggung jawab berdasarkan peraturan perundang- undangan,       responsibilities based on laws and regulations, which can be in
                                                yang dapat berupa:                                                  the form of:
                                                • Fasilitas Kesehatan, diberikan dalam bentuk asuransi kesehatan    • Health facilities, provided in the form of health insurance or
                                                    atau penggantian biaya pengobatan.                                   reimbursement of medical expenses.
                                                • Fasilitas Bantuan Hukum, diberikan jika diperlukan, dalam hal     • Legal Assistance Facilities, provided if necessary, in the event
                                                    terjadi tindakan/perbuatan untuk dan atas nama jabatannya            of actions/actions occurring for and on behalf of his position
                                                    yang berkaitan dengan Perseroan.                                     relating to the Company.




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Remunerasi Dewan Komisaris
Board of Commissioners’ Remuneration Structure

Tantiem Dewan Komisaris dan Direksi                                                    Tantiem for the Board of Commissioners and Directors
Tantiem adalah penghasilan yang merupakan penghargaan yang                             Tantiem is an income given to members of the Board of
diberikan kepada anggota Dewan Komisaris apabila memperoleh                            Commissioners if they receive profits and do not experience
laba dan tidak mengalami akumulasi kerugian. Perseroan dapat                           accumulated losses. Companies can provide bonuses to members
memberikan tantiem kepada anggota Dewan Komisaris berdasarkan                          of the Board of Commissioners based on the determination of the
penetapan RUPS dalam pengesahan Laporan Tahunan apabila opini                          GMS in ratification of the Annual Report if the opinion issued by the
yang diterbitkan oleh auditor adalah paling sedikit Wajar Dengan                       auditor is at least Reasonable with Exceptions, realization of the
Pengecualian, realisasi tingkat kesehatan paling rendah dengan nilai                   lowest level of health with a value of 70 (seventy) by not calculating
70 (tujuh puluh) dengan tidak memperhitungkan beban/keuntungan                         the burden/profit due to the actions of the Board of Directors before,
akibat tindakan Direksi sebelumnya, capaian Key Performance                            the achievement of Key Performance Indicators (KPI) of at least
Indicator (KPI) paling rendah sebesar 80% (delapan puluh persen)                       80% (eighty) percent) by not calculating factors outside the Board
dengan tidak memperhitungkan faktor di luar pengendalian Direksi,                      of Directors ‘control, and the condition of the Company not getting
dan kondisi Perseroan tidak semakin merugi dari tahun sebelumnya                       worse than the previous year or the Company not being a loss, by
atau Perseroan tidak menjadi rugi, dengan tidak memperhitungan                         not counting factors outside the Directors’ control.
faktor di luar pengendalian Direksi.




                                                                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Tantiem Dewan Komisaris                                                                Tantiem for the Board of Commissioners
• Insentif kinerja adalah penghasilan yang merupakan penghargaan                       • Performance incentives are income awards given to members
   yang diberikan kepada anggota Dewan Komisaris.                                         of the Board of Commissioners.
• Perhitungan tantiem/insentif Kinerja bagi Dewan Komisaris                            • Calculation of bonus/performance incentives for the Board of
   adalah sebagai berikut:                                                                Commissioners is as follows:
   a. Perhitungan tantiem/insentif Kinerja Komisaris Utama                                a. Performance bonus/incentive for President Commissioner
       sebesar 45% dari tantiem/insentif kinerja Direktur Utama.                               is 45% of tantiem/performance incentive for the President
   b. Perhitungan Komisaris lainnya sebesar 90% dari tantiem/                                  Director.
       insentif kinerja Komisaris Utama.                                                  b. Other Commissioners’ calculations are 90% of the President
                                                                                               Commissioner’s performance/incentives.
Catatan | Notes:
• Tidak ada komponen lainnya (bonus non kinerja, opsi saham, asuransi, dll). | There are no other components (non-performance bonuses, stock options, insurance, etc.).
• Pajak atas honorarium, tunjangan dan fasilitas bagi Dewan Komisaris ditanggung dan menjadi beban Perseroan. Sedangkan pajak atas tantiem/insentif kinerja bagi Dewan
    Komisaris ditanggung dan menjadi beban masing-masing anggota. | Taxes on honorarium, allowances, and facilities for the Board of Commissioners and are borne by the
    Company. Each member of the Board of Commissioners paid the xaxes on bonuses/performance incentives.




Remunerasi Direksi
Board of Directors’ Remuneration Structure

Gaji Direksi                                                                           Board of Directors Salary
Penghasilan tetap berupa uang yang diterima setiap bulan karena                        It is a fixed income in the form of money received every month
kedudukannya sebagai anggota Direksi, dengan ketentuan sebagai                         because of his position as a member of the Board of Directors, with
berikut:                                                                               the following conditions:
• Gaji Direktur Utama ditetapkan dengan menggunakan pedoman                            • Salary of the President Director is determined using internal
    internal dalam kelompok usaha Garuda Indonesia.                                         guidelines in the Garuda Indonesia business group.
• Perhitungan gaji Direktur lainnya sebesar 85% dari gaji Direktur                     • Calculation of other Directors’ salaries is 85% of the salary of
    Utama.                                                                                  the President Director.

Tunjangan Direksi                                                                      Board of Directors’ Allowances
Penghasilan berupa uang atau yang dapat dinilai dengan uang yang                       It’s an income in the form of money or which can be valued with
diterima pada waktu tertentu oleh anggota Direksi selain Gaji, yang                    money received at a certain time by members of the Board of
dapat berupa:                                                                          Directors other than Salary, which can be in the form of:
• Tunjangan Hari Raya, diberikan paling banyak 1 (satu) kali                           • Holiday allowance, is given at most 1 (one) fixed income per
    penghasilan tetap per bulan di setiap tahunnya.                                         month in each year.
• Tunjangan Perumahan, diberikan secara bulanan sebesar 40%                            • Housing allowance, given monthly basis of 40% (forty percent)
    (empat puluh persen) termasuk biaya utilitas.                                           including utility costs.
• Asuransi Purna Jabatan, diberikan dengan ketentuan premi yang                        • Full-Term Insurance, provided with the premium provisions
    ditanggung Perusahaan paling banyak 25% dari gaji per tahun.                            that the Company bears at the maximum 25% of annual salary.

Fasilitas Direksi                                                                      Facilities for the Board of Directors
Penghasilan berupa sarana dan/atau kemanfaatan dan/atau                                It’s an income in the form of facilities and/or benefits and/or
penjaminan yang digunakan/dimanfaatkan oleh anggota Direksi                            guarantees used/utilized by members of the Board of Directors
dalam rangka pelaksanaan tugas, wewenang, kewajiban dan                                in the context of carrying out their duties, authorities, obligations
tanggung jawab berdasarkan peraturan perundang-undangan,                               and responsibilities based on laws and regulations, which can be
yang dapat berupa:                                                                     in the form of:
• Fasilitas Kendaraan, diberikan sebanyak 1 (satu) unit kendaraan                      • Vehicle Facilities, given as many as 1 (one) unit of official vehicle
    dinas beserta biaya pemeliharaan dan operasional dengan                                 along with maintenance and operational costs with specifications
    spesifikasi dan standar ditetapkan oleh RUPS.                                           and standards according to the GMS.
• Fasilitas Kesehatan, diberikan dalam bentuk asuransi kesehatan                       • Health facilities, provided in the form of health insurance or
    atau penggantian biaya pengobatan.                                                      reimbursement of medical expenses.
• Fasilitas Bantuan Hukum, diberikan jika diperlukan, dalam hal                        • Legal Assistance Facilities, provided if necessary, in the event
    terjadi tindakan/perbuatan untuk dan atas nama jabatannya                               of actions/actions occurring for and on behalf of his position
    yang berkaitan dengan Perusahaan.                                                       relating to the Company.




                                                                                                                                                                          257
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       01
                                                Remunerasi Direksi
                                                Board of Directors’ Remuneration Structure
     02
                                                Tantiem Dewan Komisaris dan Direksi                                    Tantiem for the Board of Commissioners and Directors
                                                Tantiem adalah penghasilan yang merupakan penghargaan yang             Tantiem is an income given to members of the Board of
                                                diberikan kepada anggota Dewan Komisaris apabila memperoleh            Commissioners if they receive profits and do not experience
    03                                          laba dan tidak mengalami akumulasi kerugian. Perseroan dapat           accumulated losses. Companies can provide bonuses to members
                                                memberikan tantiem kepada anggota Dewan Komisaris berdasarkan          of the Board of Commissioners based on the determination of the
                                                penetapan RUPS dalam pengesahan Laporan Tahunan apabila opini          GMS in ratification of the Annual Report if the opinion issued by the
                                                yang diterbitkan oleh auditor adalah paling sedikit Wajar Dengan       auditor is at least Reasonable with Exceptions, realization of the
      04                                        Pengecualian, realisasi tingkat kesehatan paling rendah dengan nilai   lowest level of health with a value of 70 (seventy) by not calculating
                                                70 (tujuh puluh) dengan tidak memperhitungkan beban/keuntungan         the burden/profit due to the actions of the Board of Directors before,
                                                akibat tindakan Direksi sebelumnya, capaian Key Performance            the achievement of Key Performance Indicators (KPI) of at least
                                                Indicator (KPI) paling rendah sebesar 80% (delapan puluh persen)       80% (eighty) percent) by not calculating factors outside the Board
     05                                         dengan tidak memperhitungkan faktor di luar pengendalian Direksi,      of Directors ‘control, and the condition of the Company not getting
                                                dan kondisi Perseroan tidak semakin merugi dari tahun sebelumnya       worse than the previous year or the Company not being a loss, by
                                                atau Perseroan tidak menjadi rugi, dengan tidak memperhitungan         not counting factors outside the Directors’ control.
    06                                          faktor di luar pengendalian Direksi.

                                                Tantiem Direksi                                                        Tantiem for the Board of Directors
                                                • Insentif Kinerja, yaitu penghasilan yang merupakan                   • Performance incentives, i.e. income which is an award given to
                                                   penghargaan yang diberikan kepada anggota Direksi apabila              members of the Board of Directors in the event of an increase in
                                                   terjadi peningkatan kinerja walaupun masih mengalami kerugian          performance even though there are still losses or accumulated
                                                   atau akumulasi kerugian.                                               losses.
                                                • Perhitungan tantiem/insentif Kinerja bagi Direksi adalah sebagai     • Calculation of bonus/performance incentives for Directors is
                                                   berikut:                                                               as follows:
                                                   a. Perhitungan tantiem/insentif kinerja Direktur Utama                 a. The performance tantiem/incentives of the President
                                                        ditetapkan dengan menggunakan pedoman internal dalam                  Director is determined by using internal guidelines in the
                                                        kelompok usaha Garuda Indonesia.                                      Garuda Indonesia business group.
                                                   b. Perhitungan tantiem/insentif kinerja Direktur lainnya sebesar       b. Calculation of tantiem for other Directors is 85% tantiem/
                                                        85% tantiem/insentif kinerja gaji Direktur Utama.                     performance incentives of the salary of the President
                                                                                                                              Director.
Tata Kelola Perusahaan - Corporate Governance




                                                Remunerasi Dewan Komisaris dan                                          Remuneration for the Board of
                                                Direksi Tahun 2025                                                      Commissioners and Directors in 2025
                                                Melalui Surat Nomor GARUDA/JKTDZ/20882/2024                             Through Letter Number GARUDA/JKTDZ/20882/2024
                                                tanggal 10 September 2024 tentang Penetapan                             dated September 10, 2024 regarding the Remuneration
                                                Penghasilan Direksi dan Dewan Komisaris PT Garuda                       of the Board of Directors and Board of Commissioners
                                                Maintenance Facility Aero Asia Tbk Tahun Buku 2024,                     of PT Garuda Maintenance Facility Aero Asia Tbk for
                                                serta sehubungan belum adanya keputusan terbaru,                        the 2024 Financial Year, and in the absence of any new
                                                maka Dewan Komisaris menetapkan hal-hal sebagai                         decrees, the Board of Commissioners has resolved the
                                                berikut:                                                                following matters:
                                                1. Gaji Direktur Utama untuk tahun 2025 ditetapkan                      1. The salary of the President Director for 2025 is set
                                                   dengan besaran tertentu yang akan digunakan                              at a certain amount which will be used as the main
                                                   sebagai acuan utama dalam perhitungan gaji/                              reference in calculating the salary/honorarium of the
                                                   honorarium Dewan Komisaris dan Direksi lainnya.                          Board of Commissioners and other Directors.
                                                2. Pemberian Fasilitas, Asuransi Purna Jabatan, dan                     2. Provision of facilities, post-employment insurance,
                                                   lainnya mengacu kepada ketentuan yang telah                              and others refers to the provisions that have been
                                                   berlaku di Internal Perseroan.                                           applied in the Company's internal.
                                                3. Insentif Kinerja Direksi dan Dewan Komisaris                         3. Performance Incentives for the Board of Directors
                                                   PT Garuda Maintenance Facility Aero Asia Tbk                             and Board of Commissioners of PT GMF Aero Asia
                                                   diberikan dengan besaran tertentu.                                       Tbk are given with a certain amount.
                                                4. Perseroan harus menangguhkan pembayaran                              4. The Company must suspend the payment of
                                                   Insentif Kinerja kepada Direksi dan Dewan Komisaris                      Performance Incentives to the Directors and Board
                                                   sebesar 10% (sepuluh persen) dengan jangka waktu                         of Commissioners by 10% (ten per cent) with a
                                                   penangguhan 3 (tiga) tahun yang diberikan secara                         suspension period of 3 (three) years which is given
                                                   prorata.                                                                 pro rate.


                                                                                   Remunerasi Dewan Komisaris dan Direksi Tahun 2025
                                                                            Board of Commissioners and Board of Directors Remuneration in 2025
                                                                                    Keterangan                                                             Jumlah (Rp)
                                                                                    Description                                                             Total (Rp)
                                                Dewan Komisaris
                                                                                                                                                                           4 orang | people
                                                Board of Commissioners
                                                Total Imbalan Jangka Pendek
                                                                                                                                                                             8,874,250,068
                                                Total Short-Term Benefits


258
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                                                                                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                            Remunerasi Dewan Komisaris dan Direksi Tahun 2025
                                     Board of Commissioners and Board of Directors Remuneration in 2025
                                               Keterangan                                                                                  Jumlah (Rp)
                                               Description                                                                                  Total (Rp)
Total Imbalan Jangka Panjang
                                                                                                                                                                  1,242,849,528
Total Long-Term Employee Benefits
Jumlah
                                                                                                                                                                 10,117,099,596
Total
Direksi
                                                                                                                                                               5 orang | people
Board of Directors
Total Imbalan Jangka Pendek
                                                                                                                                                                24,829,095,976
Total Short-Term Benefits
Total Imbalan Jangka Pendek Lainnya
                                                                                                                                                                  2,020,932,110
Total Other Long-Term Employee Benefits
Jumlah




                                                                                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                                                                                             26,850,028,086
Total


Rasio Gaji/Honorarium [GRI 2-21]                                                              Salary/Honorarium Ratio [GRI 2-21]

                                                          Keterangan
                                                                                                                                                 2025                  2024
                                                          Description
Direktur Utama terhadap Direktur
                                                                                                                                                       1:0.85                1:0.85
President Director to Director

Komisaris Utama terhadap Komisaris
                                                                                                                                                       1:0.90                1:0.90
President Commissioner to Commissioner

Direktur Utama terhadap Komisaris Utama
                                                                                                                                                       1:0.45                1:0.45
President Director to the President Commissioner

Direktur Utama terhadap karyawan level tertinggi
                                                                                                                                                       1:0.21                1:0.20
President Director to the highest-ranking employees

Direktur Utama terhadap karyawan level terendah
                                                                                                                                                       1:0.02                1:0.02
President Director to the lowest employee level

Karyawan level tertinggi terhadap karyawan level terendah
                                                                                                                                                       1:0.10                1:0.11
Highest to the lowest employee level

Karyawan terendah terhadap UMP
                                                                                                                                                       1:0,99                   1:1
The lowest employee level to the minimum regional wage
Catatan | Notes:
Karyawan level tertinggi adalah Vice President, sedangkan level terendah adalah Teknisi/Officer. | The highest employee level is Vice President, while the lowest level is
Technician/Officer.



RAPAT DEWAN KOMISARIS DAN                                                                     MEETINGS OF THE BOARD OF
DIREKSI                                                                                       COMMISSIONERS AND DIRECTORS

Dewan Komisaris dan Direksi memiliki mekanisme rapat                                          The Board of Commissioners and Board of Directors
sebagai salah satu bentuk koordinasi pelaksanaan tugas                                        have a meeting mechanism as a form of coordination in
setiap orang. Dewan Komisaris memiliki mekanisme                                              the implementation of each person's duties. The Board
rapat, baik rapat internal dengan anggota sendiri                                             of Commissioners has an internal meeting mechanism
ataupun gabungan dengan Direksi. Sedangkan Direksi                                            among members or jointly with the Board of Directors.
memiliki mekanisme rapat internal antar anggota yang                                          Meanwhile, the Board of Directors has an internal
dapat dilaksanakan dengan mengundang divisi-divisi                                            meeting mechanism among members, inviting other
lain yang terkait dengan agenda pembahasan.                                                   divisions related to the discussion agenda.

Pelaksanaan rapat untuk Dewan Komisaris dan Direksi                                           The Board of Commissioners and Board of Directors can
dapat diadakan kapan pun sesuai kebutuhan. Rapat                                              conduct the meeting at any time as needed. Meeting
juga dapat dilaksanakan apabila mendapat permintaan                                           can also be held if there is a request from one or more
dari seorang atau lebih anggota Dewan Komisaris dan                                           members of the Board of Commissioners and Board
Direksi, dan/atau permintaan Pemegang Saham yang                                              of Directors, and/or a request from Shareholders who
mewakili sekurang-kurangnya 1/10 (satu per sepuluh)                                           represent at least 1/10 (one tenth) of the total number
jumlah dari jumlah saham yang beredar dengan disertai                                         of outstanding shares, along with the reasons for the
alasan diadakannya rapat.                                                                     meeting.


                                                                                                                                                                                      259
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       01

                                                Setiap keputusan yang diambil pada saat rapat Dewan          Every decision at the meeting of the Board of
     02                                         Komisaris dan Direksi dilakukan dengan berdasarkan           Commissioners and Board of Directors is made based
                                                prinsip musyawarah untuk mufakat. Apabila mufakat            on the principle of deliberation to reach a consensus.
                                                tidak tercapai, maka pengambilan keputusan dilakukan         If there is no consensus, the decision is made through
    03                                          melalui mekanisme pengambilan suara. Dalam hal               a vote. If the voting result is balanced, the chairman
                                                hasil pengambilan suara berimbang, maka ketua rapat          of the meeting has the right to decide the meeting's
                                                berhak memutuskan hasil rapat. Pengambilan keputusan         outcome. The decision is considered valid if attended by
                                                dianggap sah apabila dihadiri oleh seluruh anggota           all members of the Board of Directors or their authorized
      04
                                                Direksi atau wakilnya yang sah.                              representatives.

                                                Seluruh risalah dan hasil keputusan rapat Dewan              All minutes and resolutions of meetings of the Board of
     05                                         Komisaris dan Direksi dicatat dan didokumentasikan           Commissioners and Board of Directors are recorded,
                                                dengan ditandatangani oleh seluruh anggota                   documented, and signed by all attending members,
                                                yang hadir, termasuk apabila terdapat perbedaan              including the dissenting opinions along with the reasons.
    06                                          pendapat (dissenting opinion) dengan menyertakan             The minutes are distributed to all members, whether
                                                alasan terjadinya perbedaan pendapat. Risalah rapat          present or not, at the meeting. Particularly, the Board of
                                                didistribusikan kepada seluruh anggota, baik yang            Directors’ meeting minutes is distributed to all positions
                                                hadir maupun tidak hadir dalam rapat tersebut. Khusus        below the Board of Directors no later than 7 (seven)
                                                untuk risalah rapat Direksi akan didistribusikan kepada      days from the signing of the decision. Meetings of the
                                                tingkatan organisasi di bawah Direksi selambat-              Board of Commissioners and Directors are held within
                                                lambatnya 7 (tujuh) hari sejak ditandatanganinya             the Company’s operational area. Decisions made during
                                                keputusan tersebut. Rapat Dewan Komisaris dan                meetings, including those held via teleconference, video
                                                Direksi diadakan di lingkungan tempat operasi                conference, or other electronic media that allow all
                                                Perseroan. Keputusan-keputusan yang telah diambil            participants to see and/or hear each other directly and
                                                selama rapat, termasuk yang diselenggarakan melalui          participate in the meeting, shall remain valid as long as
Tata Kelola Perusahaan - Corporate Governance




                                                media telekonferensi, video konferensi atau sarana           they meet the requirements.
                                                media elektronik lainnya yang memungkinkan semua
                                                peserta rapat saling melihat dan/atau mendengar
                                                secara langsung serta berpartisipasi dalam rapat,
                                                tetap sah sepanjang memenuhi persyaratan yang telah
                                                ditetapkan.

                                                Rapat Internal Dewan Komisaris                               Board of Commissioners Internal Meeting
                                                Pada tahun 2025, Dewan Komisaris mengadakan                  In 2025, the Board of Commissioners has held 15 internal
                                                rapat internal antar anggota sebanyak 15 kali. Berikut       meetings with all members. Here are the agenda and
                                                disampaikan agenda dan risalah rapat, kehadiran, serta       minutes of meetings, attendance, and attendance levels
                                                rekapitulasi tingkat kehadiran setiap Komisaris dalam        of each Commissioner during the meetings.
                                                rapat-rapat tersebut.


                                                                                 Rekapitulasi Kehadiran Komisaris pada Rapat Internal
                                                                                  Commissioners’ Attendance during Internal Meeting
                                                                                                        Jumlah Wajib Rapat
                                                                     Nama dan Posisi                                              Jumlah Kehadiran       Kehadiran
                                                                                                       Number of Mandatory
                                                                    Name and Position                                            Number of Presence      Presence
                                                                                                             Meeting
                                                 Menjabat Hingga Akhir Tahun 2025
                                                 Serving Until the End of 2025
                                                 Oki Yanuar
                                                 Komisaris Utama/Independen                                                  9                       9           100%
                                                 President/Independent Commissioner
                                                 Dean Arslan
                                                 Komisaris Independen                                                        9                       9           100%
                                                 Independent Commissioner
                                                 Giring Ganesha Djumaryo
                                                 Komisaris                                                                   9                       9           100%
                                                 Commissioner
                                                 Sugiharto Prapto
                                                 Komisaris                                                                   4                       4           100%
                                                 Commissioner




260
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                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                  Rekapitulasi Kehadiran Komisaris pada Rapat Internal
                                   Commissioners’ Attendance during Internal Meeting
                                                               Jumlah Wajib Rapat
                     Nama dan Posisi                                                          Jumlah Kehadiran    Kehadiran
                                                              Number of Mandatory
                    Name and Position                                                        Number of Presence   Presence
                                                                    Meeting
Menjabat hingga RUPS Tahunan tanggal 5 Juni 2025
Serving until Annual GMS dated June 5, 2025
Dharmadi
Komisaris Utama/independen                                                               6                    6         100%
President Commissioner/Independent
Rahmat Hanafi
Komisaris                                                                                6                    6         100%
Commissioner
Ali Gunawan
Komisaris Independen                                                                     6                    6         100%




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Independent Commissioner
Abhan
Komisaris Independen                                                                     6                    6         100%
Independent Commissioner
Agit Atriantio
Komisaris Independen                                                                     6                    6         100%
Independent Commissioner
Rata-rata
                                                                                                                       100%
Average



                                          Risalah Rapat Internal Dewan Komisaris
                                                Minutes of Internal Meeting
                                                                                                               Alasan
        Tanggal                                  Agenda Rapat                                Kehadiran
                                                                                                           Ketidakhadiran
         Date                                   Meeting Agenda                               Presence
                                                                                                         Reasons for Absence
                            Rencana Kerja dan Anggaran Dekom 2025, dan Persetujuan
14 Januari 2025             Pelaksanaan Penambahan Modal Melalui HMETD
                                                                                               100%               -
January 14, 2025            2025 Board of Commissioners Work Plan and Budget, and
                            Approval of Capital Increase Through Preemptive Rights

                            Briefing Dewan Komisaris dan Kinerja Korporat Januari 2025
28 Februari 2025
                            Board of Commissioners Briefing and Corporate Performance,         100%               -
February 28, 2025
                            January 2025

                            Evaluasi Efektivitas Pengawasan Dewan Komisaris
14 Maret 2025                                                                                                     -
                            Evaluation of the Effectiveness of the Board of Commissioners'     100%
March 14, 2025
                            Oversight

25 April 2025               Update Internal Audit dan Hasil Audit                                                 -
                                                                                               100%
April 25, 2025              Internal Audit Update and Audit Results

                            Update Persiapan Rapat Umum Pemegang Saham Tahunan
23 Mei 2025                 2024                                                                                  -
                                                                                               100%
May 23, 2025                2024 Annual General Meeting of Shareholders Preparation
                            Update

                            Evaluasi atas Pencapaian Kinerja Direksi GMF 2024,
                            Penunjukan Akuntan Publik dan Kantor Akuntan Publik untuk
                            Audit atas Laporan Keuangan Tahun Buku 2025, dan Usulan
                            Insentif Kinerja 2024 dan Remunerasi Direksi dan Dewan
                            Komisaris 2025
4 Juni 2025                                                                                                       -
                            Evaluation of the GMF Board of Directors' Performance              100%
June 4, 2025
                            Achievements in 2024, Appointment of a Public Accountant
                            and Public Accounting Firm to Audit the 2025 Financial
                            Statements, and Proposed 2024 Performance Incentives
                            and 2025 Board of Directors and Board of Commissioners
                            Remuneration

18 Juni 2025                Pengenalan Dewan Komisaris 2025                                                       -
                                                                                               100%
June 18, 2025               Introduction to the 2025 Board of Commissioners

                            Penyesuaian Rencana Kerja dan Anggaran Dewan Komisaris
11 Juli 2025                2025                                                                                  -
                                                                                               100%
July 11, 2025               Adjustments to the 2025 Board of Commissioners Work
                            Plan and Budget


                                                                                                                               261
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       01

                                                                                           Risalah Rapat Internal Dewan Komisaris
     02                                                                                          Minutes of Internal Meeting
                                                                                                                                                                  Alasan
                                                         Tanggal                                  Agenda Rapat                                  Kehadiran
                                                                                                                                                              Ketidakhadiran
                                                          Date                                   Meeting Agenda                                 Presence
    03                                                                                                                                                      Reasons for Absence
                                                 22 Agustus 2025             Update Open Item Dewan Komisaris                                                         -
                                                                                                                                                  100%
                                                 August 22, 2025             Board of Commissioners Open Item Update
      04                                         4 September 2025            Human Capital Update                                                                     -
                                                                                                                                                  100%
                                                 September 4, 2025           Human Capital Update

                                                 24 September 2025                                                                                                    -
     05                                                                      Open Item Dewan Komisaris GMF                                        100%
                                                 September 24, 2025

                                                 6 Oktober 2025              Briefing Dewan Komisaris                                                                 -
                                                                                                                                                  100%
                                                 October 6, 2025             Board of Commissioners Open Item Update
    06
                                                                             Briefing Dewan Komisaris dan Reviu Kinerja Korporat
                                                 21 Oktober 2025                                                                                                      -
                                                                             Board of Commissioners Briefing and Corporate Performance            100%
                                                 October 21, 2025
                                                                             Review

                                                                             Rencana Kerja Dewan Komisaris 2026, Finalisasi Pedoman
                                                                             Dewan Komisaris dan Direksi, dan Progress Tata Kelola Dewan
                                                                             Komisaris; Kinerja Perseroan Oktober 2025 + ROFO 2025;
                                                                             Update Inventory; Update Inisiatives Strategy
                                                 17 November 2025                                                                                                     -
                                                                             2026 Board of Commissioners Work Plan, Finalization of Board         100%
                                                 November 17, 2025
                                                                             Guidelines Commissioners and Directors, and Progress of
                                                                             Board of Commissioners Governance; Company Performance
                                                                             October 2025 + ROFO 2025; Inventory Update; Strategy
                                                                             Initiatives Update
Tata Kelola Perusahaan - Corporate Governance




                                                 12 Desember 2025            Revisi RKAP 2025, RKAP 2026 dan RJPP 2026-2030                                           -
                                                                                                                                                  100%
                                                 December 12, 2025           Revised 2025 RKAP, 2026 RKAP, and 2026-2030 RJPP


                                                Rapat Gabungan Dewan Komisaris dan                                   Joint Meeting with Directors
                                                Direksi
                                                Selain rapat internal, Dewan Komisaris juga dapat                    Apar t from internal meetings, the Board of
                                                melakukan rapat gabungan dengan mengundang                           Commissioners can also hold joint meetings by inviting
                                                Direksi. Rapat gabungan ini berfungsi sebagai bentuk                 the Board of Directors. This joint meeting serves as a
                                                koordinasi membahas laporan-laporan periodik Direksi                 form of coordination to discuss the Board of Directors’
                                                dan kondisi serta prospek usaha serta kebijakan yang                 periodic reports, business conditions, prospects and
                                                berdampak pada kinerja Perseroan. Melalui rapat ini,                 policies that affected the Company's performance. The
                                                Dewan Komisaris dapat memberikan tanggapan, catatan,                 Board of Commissioners can respond, give notes and
                                                dan nasihat yang nantinya akan dituangkan dalam                      advice, which will be outlined in the Minutes of Meeting.
                                                Risalah Rapat. Rapat gabungan dapat juga dilakukan                   Joint meetings may also be held at the recommendation
                                                atas usulan Direksi.                                                 of the Board of Directors.

                                                Pada tahun 2025, rapat gabungan antara Dewan                         In 2025, there were 11 joint meetings between the Board
                                                Komisaris dan Direksi dilaksanakan sebanyak 11 kali.                 of Commissioners and Board of Directors. The following
                                                Berikut disampaikan agenda dan risalah rapat, kehadiran,             is the agenda, minutes of meetings, and attendance
                                                serta rekapitulasi tingkat kehadiran setiap Komisaris dan            levels of the each Commissioner and Director during
                                                Direktur dalam rapat-rapat tersebut.                                 meetings.


                                                                          Rekapitulasi Kehadiran Komisaris dan Direktur pada Rapat Gabungan
                                                                     Recapitulation of the presence of Commissioners and Directors at the Joint Meeting
                                                               Nama dan Posisi                          Jumlah Wajib Rapat        Jumlah Kehadiran                    Kehadiran
                                                              Name and Position                      Number of Mandatory Meeting Number of Presence                   Presence
                                                 Dewan Komisaris
                                                 Board of Commissioners

                                                 Menjabat Hingga Akhir Tahun 2025
                                                 Serving Until the End of 2025

                                                 Oki Yanuar
                                                 Komisaris Utama/Independen                                                                 6                     6        100%
                                                 President/Independent Commissioner




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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                           Rekapitulasi Kehadiran Komisaris dan Direktur pada Rapat Gabungan
                      Recapitulation of the presence of Commissioners and Directors at the Joint Meeting
                 Nama dan Posisi                       Jumlah Wajib Rapat        Jumlah Kehadiran               Kehadiran
                Name and Position                   Number of Mandatory Meeting Number of Presence              Presence
Dean Arslan
Komisaris Independen                                                              6                        6         100%
Independent Commissioner

Giring Ganesha Djumaryo
Komisaris                                                                         6                        5       83,33%
Commissioner

Sugiharto Prapto
Komisaris                                                                         3                        3         100%
Commissioner

Menjabat hingga RUPS Tahunan tanggal 5 Juni 2025




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Serving until Annual GMS on June 5, 2025

Dharmadi
Komisaris Utama                                                                   5                        5         100%
President Commissioner

Rahmat Hanafi
Komisaris                                                                         5                        5         100%
Commissioner

Ali Gunawan
Komisaris Independen                                                              5                        5         100%
Independent Commissioner

Abhan
Komisaris Independen                                                              5                        5         100%
Independent Commissioner

Agit Atriantio
Komisaris Independen                                                              5                        5         100%
Independent Commissioner

Rata-rata
                                                                                                                   98,15%
Average

Direksi
Board of Directors

Menjabat Hingga Akhir Tahun 2025
Serving Until the End of 2025

Andi Fahrurrozi
Direktur Utama                                                                    11                       11        100%
CEO

Bobi Gumelar Raspati
Direktur Base Management                                                          6                        6         100%
Director of Base Management

Mitra Piranti
Direktur Sumber Daya Manusia                                                      6                        6         100%
Director of Human Capital

Tri Hartono
Direktur Keuangan                                                                 6                        6         100%
Director of Finance

Endang Tardiana
Direktur Line Operation                                                           6                        6         100%
Director of Line Operation

Menjabat hingga RUPS Tahunan tanggal 5 Juni 2025
Serving until Annual GMS on June 5, 2025

Irvan Pribadi
Direktur Base Operation                                                           5                        5         100%
Director of Base Operations

Pudjo Sarwoko
Direktur Human Capital & Corporate Affairs                                        5                        5         100%
Director of Human Capital & Corporate Affairs



                                                                                                                            263
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       01

                                                                           Rekapitulasi Kehadiran Komisaris dan Direktur pada Rapat Gabungan
     02                                                               Recapitulation of the presence of Commissioners and Directors at the Joint Meeting
                                                                  Nama dan Posisi                            Jumlah Wajib Rapat        Jumlah Kehadiran                      Kehadiran
                                                                 Name and Position                        Number of Mandatory Meeting Number of Presence                     Presence
    03                                          Salusra Satria
                                                Direktur Keuangan                                                                                  5                     5        100%
                                                Director of Finance
      04                                        Mukhtaris
                                                Direktur Line Operation                                                                            5                     5        100%
                                                Director of Line Operation
     05                                         Rata-rata
                                                                                                                                                                                  100%
                                                Average


    06
                                                                                   Risalah Rapat Gabungan Dewan Komisaris dan Direksi
                                                                             Minutes of Joint Meeting of the Board of Commissioners and Directors
                                                                                                                                                                         Alasan
                                                       Tanggal                                      Agenda Rapat                                       Kehadiran
                                                                                                                                                                     Ketidakhadiran
                                                        Date                                       Meeting Agenda                                      Presence
                                                                                                                                                                   Reasons for Absence
                                                23 Januari 2025              Kinerja GMF Year-to-date Desember 2024
                                                                                                                                                         100%      -
                                                January 23, 2025             Kinerja GMF Year-to-date December 2024

                                                28 Februari 2025             Kinerja GMF Year-to-date Januari 2025
                                                                                                                                                         100%      -
                                                February 28, 2025            Kinerja GMF Year-to-date January 2025

                                                                             Kinerja GMF Year-to-date Februari 2025 & Update Inisiatif
Tata Kelola Perusahaan - Corporate Governance




                                                21 Maret 2025                Strategis
                                                                                                                                                         100%      -
                                                March 21, 2025               GMF Year-to-date Performance February 2025 & Strategic
                                                                             Initiative Update

                                                25 April 2025                Kinerja GMF Year-to-date Maret 2025
                                                                                                                                                         100%      -
                                                April 25, 2025               Kinerja GMF Year-to-date March 2025

                                                                             Update Proyek Strategis, Kinerja GMF Year-to-date April 2025,
                                                                             Permohonan Persetujuan Penyesuaian Kebijakan Bisnis terkait
                                                23 Mei 2025                  Pengadaan
                                                                                                                                                         100%      -
                                                May 23, 2025                 Strategic Project Update, GMF Performance Year-to-date April
                                                                             2025, Request for Approval of Business Policy Adjustments
                                                                             related to Procurement

                                                11 Juli 2025                 Kinerja GMF Mei & Year-to-date Juni 2025
                                                                                                                                                         100%      -
                                                July 11, 2025                Kinerja GMF Mei & Year-to-date June 2025

                                                22 Agustus 2025              Kinerja GMF Year-to-date Juli 2025
                                                                                                                                                         100%      -
                                                August 22, 2025              Kinerja GMF Year-to-date July 2025

                                                                             Monthly Report YTD Agustus 2025, Update PMTHMETD Lahan
                                                                             API, dan Persiapan RUPSLB 26 September 2025
                                                24 September 2025
                                                                             Monthly Report YTD August 2025, Update on PMTHMETD                          100%      -
                                                September 24, 2025
                                                                             for API Land, and Preparation for the EGMS on September
                                                                             26, 2025

                                                                             Briefing Dewan Komisaris dan tindak lanjut rapat sebelumnya;
                                                                             Pembahasan evaluasi kinerja triwulan III 2025; Reviu terhadap
                                                                             Profil Risiko, TI, SDM, dan Inisiatif Strategis untuk periode
                                                                             Triwulan III 2025; dan Pembahasan Rencana Kerja dan
                                                21 Oktober 2025              Anggaran Perusahaan (RKAP) tahun 2026
                                                                                                                                                         100%      -
                                                October 21, 2025             Board of Commissioners Briefing and follow-up to the previous
                                                                             meeting; Discussion of the performance evaluation for Q3
                                                                             2025; Review of the Risk Profile, IT, HR, and Strategic Initiatives
                                                                             for Q3 2025; and Discussion of the 2026 Corporate Work Plan
                                                                             and Budget (RKAP)




264
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                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                   Risalah Rapat Gabungan Dewan Komisaris dan Direksi
                             Minutes of Joint Meeting of the Board of Commissioners and Directors
                                                                                                                Alasan
       Tanggal                                    Agenda Rapat                                Kehadiran
                                                                                                            Ketidakhadiran
        Date                                     Meeting Agenda                               Presence
                                                                                                          Reasons for Absence
                             Briefing Dewan Komisaris dan tindak lanjut rapat sebelumnya;
                             Pembahasan evaluasi kinerja YTD Oktober 2025; dan Reviu
                             tindakan perbaikan atas penilaian penerapan tata kelola serta
                             tindak lanjut temuan Audit Intern, Audit Ekstern, audit BPK,
                             audit BPKP, dan/atau hasil lembaga pengawasan otoritas lain
                                                                                                          Giring Ganesha Djumaryo
                             sesuai dengan ketentuan peraturan perundang-undangan
24 November 2025                                                                                          terdapat agenda lain
                             Board of Commissioners Briefing and follow-up to the               75%
November 24, 2025                                                                                         Giring Ganesha Djumaryo
                             previous meeting; Discussion of the performance evaluation
                                                                                                          had other agenda
                             YTD October 2025; and Review of corrective actions for the
                             assessment of governance implementation and follow-up
                             to findings from Internal Audit, External Audit, BPK audit,




                                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                             BPKP audit, and/or other supervisory authority findings in
                             accordance with statutory regulations

                             Briefing Dewan Komisaris dan tindak lanjut rapat sebelumnya;
                             Pembahasan Evaluasi Kinerja YTD November 2025; dan
                             Pembahasan Update Rancangan Revisi RKAP tahun 2025,
22 Desember 2025             RKAP tahun 2026 dan RJPP 2026-2030
                                                                                                100%      -
December 22, 2025            Board of Commissioners Briefing and follow-up to the previous
                             meeting; Discussion of the Performance Evaluation YTD
                             November 2025; and Discussion of the Updated Draft of the
                             2025 RKAP, 2026 RKAP and 2026-2030 RJPP



Rapat Direksi                                                          Board of Directors Meeting
Pada tahun 2025, Direksi mengadakan rapat sebanyak                     In 2025, the Board of Directors has held 53 meetings.
53 kali. Berikut disampaikan agenda dan risalah rapat,                 Here are the agenda and minutes of meetings, and
kehadiran, serta rekapitulasi tingkat kehadiran setiap                 attendance level of each Director during meetings.
Direktur dalam rapat-rapat tersebut.


                                      Rekapitulasi Kehadiran Direktur pada Rapat Internal
                                         Directors’ Attendance during Internal Meeting
                                                                 Jumlah Wajib Rapat
                   Nama dan Posisi                                                             Jumlah Kehadiran      Kehadiran
                                                                Number of Mandatory
                  Name and Position                                                           Number of Presence     Presence
                                                                      Meeting
Menjabat Hingga Akhir Tahun 2025
Serving Until the End of 2025

Andi Fahrurrozi
Direktur Utama                                                                           53                     53          100%
CEO

Bobi Gumelar Raspati
Direktur Base Management                                                                 32                     31           97%
Director of Base Management

Mitra Piranti
Direktur Sumber Daya Manusia                                                             32                     31           97%
Director of Human Capital

Tri Hartono
Direktur Keuangan                                                                        32                     32          100%
Director of Finance

Endang Tardiana
Direktur Line Operation                                                                  14                     14          100%
Director of Line Operation

Menjabat hingga RUPS Luar Biasa tanggal 26 September 2025
Serving until Extraordinary GMS dated September 26, 2025

Mukhtaris
Direktur Line Operation                                                                  25                     23           92%
Director of Line Operation




                                                                                                                                    265
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       01

                                                                                         Rekapitulasi Kehadiran Direktur pada Rapat Internal
     02                                                                                     Directors’ Attendance during Internal Meeting
                                                                                                                          Jumlah Wajib Rapat
                                                                     Nama dan Posisi                                                                  Jumlah Kehadiran       Kehadiran
                                                                                                                         Number of Mandatory
                                                                    Name and Position                                                                Number of Presence      Presence
    03                                                                                                                         Meeting
                                                Menjabat hingga RUPS Tahunan tanggal 5 Juni 2025
                                                Serving until Annual GMS dated June 5, 2025
      04                                        Irvan Pribadi
                                                Direktur Base Operation                                                                         21                      21          100%
                                                Director of Base Operations
     05                                         Pudjo Sarwoko
                                                Direktur Human Capital & Corporate Affairs                                                      21                      21          100%
                                                Director of Human Capital & Corporate Affairs

    06                                          Salusra Satria
                                                Direktur Keuangan                                                                               21                      20           95%
                                                Director of Finance

                                                Rata-rata
                                                                                                                                                                                    98%
                                                Average



                                                                                                        Risalah Rapat Internal Direksi
                                                                                                         Minutes of Internal Meeting
                                                                                                                                                                             Alasan
                                                   Tanggal                         Agenda Rapat                                                                Kehadiran Ketidakhadiran
                                                                                                                                Meeting Agenda
                                                    Date                                                                                                       Presence   Reasons for
Tata Kelola Perusahaan - Corporate Governance




                                                                                                                                                                            Absence
                                                                      •   Briefing, Roundtable Discussion and            •   Briefing, Roundtable Discussion
                                                6 Januari 2025            Open Items                                         and Open Items
                                                                                                                                                                 100%    -
                                                January 6, 2025       •   Update Rencana Kerja dan Anggaran              •   Update on Company Work Plan
                                                                          Perusahaan (RKAP) 2025                             and Budget (RKAP) 2025

                                                                      •   Briefing, Roundtable Discussion and            •   Briefing, Roundtable Discussion
                                                                          Open Items                                         and Open Items
                                                13 Januari 2025
                                                                      •   Update Pemberlakuan Eskalasi Tarif             •   Update on the Implementation        100%    -
                                                January 13, 2025
                                                                          Power by The Hour (PBTH) GA                        of Power by the Hour (PBTH)
                                                                                                                             Tariff Escalation for GA

                                                                      •   Briefing, Roundtable Discussion and            •   Briefing, Roundtable Discussion
                                                                          Open Items                                         and Open Items
                                                                      •   Update Manfaat Pensiun dan Kajian              •   Update on Pension Benefits
                                                                          BPJS Jaminan Hari Tua – Jaminan                    and BPJS Old Age Security
                                                                          Pensiun dan Perhitungan Manpower                   (JHT) and Pension Security (JP)
                                                                          Planning 2025                                      Assessment, as well as 2025
                                                21 Januari 2025
                                                                                                                             Manpower Planning Calculation       100%    -
                                                January 21, 2025
                                                                      •   U p d a t e Ke b u t u h a n A n g g a r a n   •   Update on the Company’s
                                                                          Perawatan Fasilitas Perseroan                      Facility Maintenance
                                                                      •   Update Rencana Kerja dan Anggaran              •   Budget Requirements Update on
                                                                          Perusahaan (RKAP) Tahun 2025 dan                   the 2025 Company Work Plan
                                                                          Organisasi Cabin Line Services                     and Budget (RKAP) and Cabin
                                                                                                                             Line Services Organization

                                                3 Februari 2025       •   Briefing, Roundtable Discussion and            •   Briefing, Roundtable Discussion
                                                                                                                                                                 100%    -
                                                February 3, 2025          Open Items                                         and Open Items

                                                10 Februari 2025      •   Briefing, Roundtable Discussion and            •   Briefing, Roundtable Discussion
                                                                                                                                                                 100%    -
                                                February 10, 2025         Open Items                                         and Open Items

                                                                      •   Briefing, Roundtable Discussion and            •   Briefing, Roundtable Discussion             Perjalanan Dinas
                                                                          Open Items                                         and Open Items                              ke Aceh sebagai
                                                                      •   Update Kondisi Kelistrikan Perseroan           •   Update on the Company’s                     pembicara
                                                18 Februari 2025                                                             Electricity Condition                       Relawan Bakti
                                                                                                                                                                 80%
                                                February 18, 2025     •   Update Reorganisasi                            •   Update on Reorganization                    BUMN
                                                                                                                                                                         Official Trip to
                                                                                                                                                                         Aceh as speaker
                                                                                                                                                                         of SOE Volunteer




266
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                                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                     Risalah Rapat Internal Direksi
                                                      Minutes of Internal Meeting
                                                                                                                                  Alasan
   Tanggal                       Agenda Rapat                                                                       Kehadiran Ketidakhadiran
                                                                             Meeting Agenda
    Date                                                                                                            Presence   Reasons for
                                                                                                                                 Absence
                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
                    •   Update Arus Kas                              •   Update Cashflow                                      Perjalanan Dinas
                    •   Update dan Persetujuan Penambahan            •   Update and Approval for                              ke Vietnam terkait
24 Februari 2025        Resources pada Rencana Perpindahan               Additional Resources in the                          DG CAAV
                                                                                                                      80%
February 24, 2025       Citilink ke Terminal 1B                          Plan for Citilink’s Relocation to                    Official trip to
                    •   Agenda SDM                                       Terminal 1B                                          Vietnam in regards
                    •   Update Rencana Kerjasama Pengelolaan         •   Human Capital Agenda                                 to DG CAAV
                        Hangar Oman                                  •   Update on Cooperation Plan for
                                                                         Oman Hangar Management




                                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
3 Maret 2025
                    •   Update dan Persetujuan Pengadaan             •   Update and Approval                          100%    -
March 3, 2025
                        Integrated Security Management (ISM)             fo r I n t e g r a t e d S e c u r i t y
                                                                         Management (ISM) Procurement

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
                    •   Update dan Persetujuan Apresiasi Hari        •   Update and Approval for Holiday
10 Maret 2025           Raya, Kajian DA/TA Perjalanan Luar               Allowance, Review of DA/TA for
                                                                                                                      100%    -
March 10, 2025          Negeri                                           Overseas Travel
                    •   U p d a t e M a p p i n g Ke w a j i b a n   •   Update on Vendor Payment
                        Pembayaran Vendor                                Obligations Mapping
                    •   Update Arus Kas                              •   Cash Flow Update

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
17 Maret 2025
                        Open Items                                       and Open Items                               100%    -
March 17, 2025
                    •   Update Arus Kas                              •   Cash Flow Update

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
25 Maret 2025       •   Update dan Persetujuan Penunjukan            •   Update and Approval of Vendor
                                                                                                                      100%    -
March 25, 2025          Vendor dalam Proses Pengadaan                    Appointment in the Integrated
                        Integrated Security Management (ISM)             Security Management (ISM)
                                                                         Procurement Process

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
8 April 2025            Open Items                                       and Open Items
                                                                                                                      100%    -
April 8, 2025       •   Update Kerjasama Hangar Oman                 •   Update on Oman Hangar
                                                                         Cooperation

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
14 April 2025
                        Open Items                                       and Open Items                               100%    -
April 14, 2025
                    •   Update Arus Kas                              •   Cash Flow Update

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
22 April 2025
                    •   Update Inventory                             •   Inventory Update                             100%    -
April 22, 2025
                    •   Update Perpanjangan Sewa Aircraft            •   Update on Extension of Aircraft
                        Towing (“ATW”)                                   Towing (ATW) Lease

                    •   Briefing, Roundtable Discussion and          •   Briefing, Roundtable Discussion
26 April 2025           Open Items                                       and Open Items
                                                                                                                      100%    -
April 26, 2025      •   Update Relokasi Anggaran Konsultan           •   Update on Consultant Budget
                                                                         Reallocation

                    •   Briefing, Roundtable Discussion dan          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
30 April 2025
                    •   Update Pengadaan IT dan Update Case          •   Update on IT Procurement and                 100%    -
April 30, 2025
                        Penggunaan Software Illegal                      Illegal Software Usage Case
                    •   Update Arus Kas                              •   Cash Flow Update

                    •   Briefing, Roundtable Discussion dan          •   Briefing, Roundtable Discussion
                        Open Items                                       and Open Items
                    •   Update Inventory                             •   Inventory Update
9 Mei 2025
                    •   Update Kriteria Pengadaan Barang dan         •   Update on Criteria for Long-                 100%    -
May 9, 2025
                        Jasa Jangka Panjang                              Term Procurement of Goods
                                                                         and Services
                    •   Update Arus Kas                              •   Cash Flow Update


                                                                                                                                                   267
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       01

                                                                                            Risalah Rapat Internal Direksi
     02                                                                                      Minutes of Internal Meeting
                                                                                                                                                                Alasan
                                                   Tanggal                 Agenda Rapat                                                           Kehadiran Ketidakhadiran
                                                                                                                  Meeting Agenda
    03                                              Date                                                                                          Presence   Reasons for
                                                                                                                                                               Absence
                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                                                                                                                            Agenda Rapat
      04                                                            Open Items                                 and Open Items
                                                                                                                                                            Lain dengan Pihak
                                                                •   Update Pengelolaan Tools               •   Update on Tools Management
                                                14 Mei 2025                                                                                                 Eksternal
                                                                •   Update Arus Kas                        •   Cash Flow Update                     80%
                                                May 14, 2025                                                                                                Other Meeting
                                                                •   Update Konsultan Percepatan TAT dan    •   Update on TAT Acceleration
                                                                                                                                                            Agenda with
     05                                                             Konsultan Kertajati                        Consultant and Ker tajati
                                                                                                                                                            External Parties
                                                                                                               Consultant

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
    06                                                              Open Items                                 and Open Items
                                                                •   Update Arus Kas                        •   Cash Flow Update
                                                19 Mei 2025
                                                                •   Update Pengadaan Konsultan             •   Update on Procurement                100%    -
                                                May 19, 2025
                                                                    Reinstatement EASA Airframe Base           of C on s u l ta n t for E A S A
                                                                    Maintenance                                Airframe Base Maintenance
                                                                                                               Reinstatement

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                26 Mei 2025         Open Items                                 and Open Items
                                                                                                                                                    100%    -
                                                May 26, 2025    •   Update Realokasi Anggaran Konsultan    •   Briefing, Roundtable Discussion,
                                                                                                               and Open Items

                                                                •   Briefing, Roundtable Discussion dan    •   Briefing, Roundtable Discussion
                                                                    Open Items                                 and Open Items
                                                                •   Pelaksanaan Rencana Kerjasama          •   Implementation of Cooperation
                                                3 Juni 2025
Tata Kelola Perusahaan - Corporate Governance




                                                                    Pengembangan Kertajati                     Plan for Kertajati Development       100%    -
                                                June 3, 2025
                                                                •   Update Materi dan Pelaksanaan RUPST    •   Update on Materials and
                                                                                                               Implementation of the AGMS
                                                                •   Update Arus Kas                        •   Cash Flow Update

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                                    Open Items                                 and Open Items
                                                                •   Update Materi Rapat Dewan Komisaris    •   Update on Materials for GA Board
                                                10 Juni 2025
                                                                    GA (RoFo dan Optimalisasi Proses           of Commissioners Meeting (RoFo       100%    -
                                                June 10, 2025
                                                                    Maintenance GA dan QG)                     and Optimization of GA and QG
                                                                                                               Maintenance Processes)
                                                                •   Update Arus Kas                        •   Cash Flow Update

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                16 Juni 2025
                                                                    Open Items                                 and Open Items                       100%    -
                                                June 16, 2025
                                                                •   Update Arus Kas                        •   Cash Flow Update

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                23 Juni 2025
                                                                    Open Items                                 and Open Items                       100%    -
                                                June 23, 2025
                                                                •   Update Arus Kas                        •   Cash Flow Update

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                                    Open Items                                 and Open Items
                                                                •   Update Kajian Risiko atas Geopolitik   •   Update on Geopolitical Risk
                                                30 Juni 2025
                                                                                                               Assessment Update on Oman            100%    -
                                                June 30, 2025
                                                                •   Update Kerjasama Pengelolaan Hangar        Hangar
                                                                    Oman                                   •   Management Cooperation
                                                                •   Update Arus Kas                        •   Cash Flow Update

                                                                •   Briefing, Roundtable Discussion and    •   Briefing, Roundtable Discussion
                                                                    Open Items                                 and Open Items
                                                                •   Update Progress Pengadaan Konsultan    •   Update on Progress of TAT
                                                7 Juli 2025         TAT                                        Consultant Procurement
                                                                                                                                                    100%    -
                                                July 7, 2025    •   Update Tools Obselete                  •   Update on Obsolete Tools
                                                                •   Update Manpower Planning Proyek        •   Update on Manpower Planning
                                                                    Reaktivasi                                 for Reactivation Project
                                                                •   Update Arus Kas                        •   Cash Flow Update




268
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                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                                Risalah Rapat Internal Direksi
                                                 Minutes of Internal Meeting
                                                                                                                        Alasan
   Tanggal                    Agenda Rapat                                                                Kehadiran Ketidakhadiran
                                                                      Meeting Agenda
    Date                                                                                                  Presence   Reasons for
                                                                                                                       Absence
                  •   Briefing, Roundtable Discussion and      •   Briefing, Roundtable Discussion
                      Open Items                                   and Open Items
                  •   Update Pengadaan Sewa Kendaraan          •   Update on Procurement of
                      Direksi                                      Vehicle Lease for the Board of
14 Juli 2025
                                                                   Directors                                100%    -
July 14, 2025
                  •   Update Kebijakan Sumber Daya             •   Update on Human Resources
                      Manusia terkait Insentif                     Policy Related to Incentives
                  •   Persetujuan Konsorsium Pengerjaan        •   Approval of Consortium for PLN
                      PLN Batam                                    Batam Project




                                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                  •   Briefing, Roundtable dan Open Items      •   Briefing, Roundtable Discussion
                                                                   and Open Items
                  •   Update Rencana Pelaksanaan Random        •   Update on Plan for Random Test
                      Test                                         Implementation
22 Juli 2025      •   Update Kebijakan Bisnis Pengadaan        •   Update on Business Procurement
                                                                                                            100%    -
July 22, 2025                                                      Policy
                  •   Update Kebutuhan Anggaran PPI EASA,      •   Update on Budget Requirements
                      Tools Obsolete dan Proyek Reaktivasi         for EASA PPI, Obsolete Tools,
                                                                   and Reactivation Project
                  •   Update Arus Kas                          •   Cash Flow Update

                  •   Briefing, Roundtable Discussion and      •   Briefing, Roundtable Discussion
                      Open Items                                   and Open Items
                  •   Update Perubahan Pola Kerja TL           •   Update on Changes in Work
                      Support Project Reaktivasi                   P a t t e r n fo r T L S u p p o r t
                                                                   Reactivation Project
                  •   Update Kebutuhan Anggaran PPI EASA,      •   Update on Budget Requirements
28 Juli 2025
                      Tools Obselete dan Project Reaktivasi        for EASA PPI, Obsolete Tools,            100%    -
July 28, 2025
                                                                   and Reactivation Project
                  •   Reorganisasi TB TJ                       •   TB TJ Reorganization
                  •   Update Kerjasama Pengelolaan Hangar      •   Update on Oman Hangar
                      Oman dan Aerospace Park Kertajati (TD)       Management Cooperation and
                                                                   Kertajati Aerospace Park (TD)
                  •   Update Arus Kas                          •   Cash Flow Update

                  •   Briefing, Roundtable Discussion and      •   Briefing, Roundtable Discussion,
                      Open Items                                   and Open Items
                  •   Update Lanjutan Kebutuhan Anggaran       •   Update on Continued Budget
                      PPI EASA, Tools Obselete dan Project         Requirements for EASA PPI,
4 Agustus 2025
                      Reaktivasi                                   Obsolete Tools, and Reactivation         100%    -
August 4, 2025
                                                                   Project
                  •   Kebijakan Penempatan Pegawai di PT       •   Employee Placement Policy at
                      ANI                                          PT ANI
                  •   Update Arus Kas                          •   Cash Flow Update

                  •   Briefing, Roundtable Discussion and      •   Briefing, Roundtable Discussion,
                      Open Items                                   and Open Items
                  •   Update Proses Pengadaan Sewa Fuel        •   Update on Fuel Truck Lease
                      Truck                                        Procurement Process
                  •   Update Kebutuhan Anggaran EASA           •   Update on Budget Requirements
11 Agustus 2025
                      Reinstatement                                for EASA Reinstatement                   100%    -
August 11, 2025
                  •   Update Kebijakan Ikatan Dinas            •   Update on Bond Agreement
                                                                   Policy
                  •   Update Audit Laporan Keuangan Juni       •   Update on June 2025 Financial
                      2025                                         Statements Audit
                  •   Update Arus Kas                          •   Cash Flow Update

                  •   Briefing, Roundtable Discussion and      •   Briefing, Roundtable Discussion,
                      Open Items                                   and Open Items
                  •   Update Persetujuan Penambahan            •   Update and Approval for
                      Manpower Material Handling dan               Additional Manpower in Material
19 Agustus 2025       Structure Hangar                             Handling and Hangar Structure
                                                                                                            100%    -
August 19, 2025   •   Update Kebijakan Uang Transpor Team      •   Update on Transportation
                      Reaktivasi di PTDI                           Allowance Policy for Reactivation
                                                                   Team at PTDI
                  •   Update Improvement RWS dan Holding       •   Update on RWS and Holding
                      Area                                         Area Improvements




                                                                                                                                     269
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       01

                                                                                                          Risalah Rapat Internal Direksi
     02                                                                                                    Minutes of Internal Meeting
                                                                                                                                                                                      Alasan
                                                    Tanggal                         Agenda Rapat                                                                        Kehadiran Ketidakhadiran
                                                                                                                                   Meeting Agenda
    03                                               Date                                                                                                               Presence   Reasons for
                                                                                                                                                                                     Absence
                                                                       •   Update Materi One on One Meeting                 •   Update on One-on-One Meeting
      04                                        25 Agustus 2025            DZGA                                                 Materials with DZGA
                                                                                                                                                                          100%    -
                                                August 25, 2025        •   Update Skema Inbreng Lahan API                   •   Update on API Land Inbreng
                                                                                                                                Scheme

     05                                                                •   Briefing, Roundtable Discussion and              •   Briefing, Roundtable Discussion,                  Perjalanan Dinas
                                                                           Open Items                                           and Open Items                                    ke Batam untuk
                                                                       •   Persetujuan Penunjukan Konsultan                 •   Approval for Appointment of                       Agenda Signing
                                                                           Perbaikan TAT dan Profit Margin                      Consultant for TAT Improvement                    MOU GMF – PLN
    06                                          29 Agustus 2025                                                                 and Profit Margin                                 Batam
                                                                                                                                                                          75%
                                                August 29, 2025        •   Update Kertajati                                 •   Update on Kertajati                               Official Trip to
                                                                       •   Update Arus Kas                                  •   Cash Flow Update                                  Batam for the MoU
                                                                                                                                                                                  Signing between
                                                                                                                                                                                  GMF and PLN
                                                                                                                                                                                  Batam

                                                                       •   Briefing, Roundtables Discussion                 •   Briefing, Roundtable Discussion
                                                2 September
                                                                       •   Persetujuan Penambahan Manpower                  •   A p p rova l fo r A d d i t i o n a l
                                                2025
                                                                           DHO                                                  Manpower DHO                              100%    -
                                                S e p te m b e r 2 ,
                                                                       •   Update Hangar FLT                                •   Update on Hangar FLT
                                                2025
                                                                       •   Update Arus Kas                                  •   Cash Flow Update

                                                                       •   Briefing, Roundtable Discussion and              •   Briefing, Roundtable Discussion,
                                                8 September
                                                                           Open Items                                           and Open Items
                                                2025
Tata Kelola Perusahaan - Corporate Governance




                                                                       •   Update TQH Narrow Body Improvement               •   Update on TQH Narrow Body                 100%    -
                                                S e p te m b e r 8,
                                                                           Plan                                                 Improvement Plan
                                                2025
                                                                       •   Update Arus Kas                                  •   Cash Flow Update

                                                                       •   Briefing, Roundtable Discussion & Open           •   Briefing, Roundtable Discussion
                                                                           Item                                                 & Open Items
                                                                       •   P e r s e t u j u a n A k s i Ko r p o r a s i   •   Approval of Corporate Action
                                                15 September
                                                                           Penambahan Modal Non Tunai                           for Non-Cash Capital Increase
                                                2025
                                                                           (Inbreng) Lahan API                                  (Inbreng) of API Land                     100%    -
                                                September 15,
                                                                       •   Update Ketentuan Ikatan Dinas dan                •   Update on Bond Policy and
                                                2025
                                                                           Leadership Training (L1- Group Head                  Leadership Training (L1 – Group
                                                                           dan Talent Group Head)                               Head and Talent Group Head)
                                                                       •   Update Arus Kas                                  •   Cash Flow Update

                                                22 September           •   Briefing, Roundtable Discussion & Open           •   Briefing, Roundtable Discussion
                                                2025                       Item                                                 & Open Items
                                                                                                                                                                          100%    -
                                                September 22,          •   Update Renoir Project Week 1                     •   Update on Renoir Project Week 1
                                                2025

                                                23 September           •   Update Receiving Area                            •   Update on Receiving Area
                                                2025                   •   Update Arus Kas                                  •   Cash Flow Update
                                                                                                                                                                          100%    -
                                                September 23,
                                                2025

                                                                       •   Briefing, Roundtable Discussion & Open           •   Briefing, Roundtable Discussion
                                                30 September               Item                                                 & Open Items
                                                2025                   •   Update Organisasi TQH                            •   Update on TQH Organization
                                                                                                                                                                          100%    -
                                                September 30,          •   Update Usulan Pengajuan Fasilitas                •   Update on VAT Facility Proposal
                                                2025                       Perpajakan PPN
                                                                       •   Update Arus Kas                                  •   Cash Flow Update

                                                                       •   Briefing, Roundtable Discussion & Open           •   Briefing, Roundtable Discussion
                                                                           Item                                                 & Open Items
                                                                       •   Update Progress Finding Airbus untuk             •   Update on Airbus Findings for
                                                                           EASA Reinstatement                                   EASA Reinstatement
                                                6 Oktober 2025
                                                                       •   Update Progress Kondisi Receiving                •   Update on Receiving Area                  100%    -
                                                October 6, 2025
                                                                           Area                                                 Condition Progress
                                                                       •   Update Rencana Analyst Meeting                   •   Update on Analyst Meeting Plan
                                                                           PMHMETD                                              for PMHMETD
                                                                       •   Update Arus Kas                                  •   Cash Flow Update




270
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                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                   Risalah Rapat Internal Direksi
                                                    Minutes of Internal Meeting
                                                                                                                       Alasan
   Tanggal                       Agenda Rapat                                                            Kehadiran Ketidakhadiran
                                                                         Meeting Agenda
    Date                                                                                                 Presence   Reasons for
                                                                                                                      Absence
                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                         Item                                         & Open Items
                     •   Update RKAP 2026                         •   Update on 2026 RKAP
15 Oktober 2025      •   Update Evaluasi Pola Kerja TLN           •   Update on Evaluation of TLN
                                                                                                           100%    -
October 15, 2025                                                      Work Pattern
                     •   Pembahasan Penyesuaian Layanan           •   Discussion on Citilink Service
                         Citilink                                     Adjustment
                     •   Update Arus Kas                          •   Cash Flow Update

                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion




                                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                         Item                                         & Open Items
                     •   Update Regulatory Compliance             •   Update on Regulatory
20 Oktober 2025          Performance dan Disciplinary Points          Compliance Performance and
                                                                                                           100%    -
October 20, 2025                                                      Disciplinary Points
                     •   Update Rencana Kerjasama Konsorsium      •   Update on Rainbow Consortium
                         Rainbow                                      Cooperation Plan
                     •   Update Arus Kas                          •   Cash Flow Update

                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                         Item                                         & Open Items
27 Oktober 2025
                     •   Persetujuan Harga Pelaksanaan HMETD      •   Approval of HMETD Exercise           100%    -
October 27, 2025
                                                                      Price
                     •   Update Arus Kas                          •   Cash Flow Update

                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                         Item                                         & Open Items
                     •   Update GSE Readiness                     •   Update on GSE Readiness
3 November 2025      •   Update Ketentuan Pola Kerja Shift 12     •   Update on 12-Hour Shift Work
November 3,              Jam dan Rencana Pembangunan Sport            Pattern Policy and Sports Center     100%    -
2025                     Center                                       Development Plan
                     •   Update Proses Scrap Gudang ANI           •   Update on ANI Warehouse Scrap
                                                                      Process
                     •   Update Arus Kas                          •   Cash Flow Update

                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
1 0 N ov e m b e r       Item                                         & Open Items
2025                 •   Persetujuan KSO GMF BIJB untuk           •   Approval of GMF BIJB Joint
                                                                                                           100%    -
November 10,             Pengembangan Kertajati                       Operation (KSO) for Kertajati
2025                                                                  Development
                     •   Update Arus Kas                          •   Cash Flow Update

                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                         Item                                         & Open Items
17 November
                     •   Update Rencana RFP Subcont Module        •   Update on RFP Plan for Engine
2025
                         Engine                                       Subcontract Module                   100%    -
N ove m b e r 1 7,
                     •   Update Materi Rapat Dewan Komisaris      •   Update on Materials for GA Board
2025
                         GA                                           of Commissioners Meeting
                     •   Update Arus Kas                          •   Cash Flow Update

                     •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                         Item                                         & Open Items
                     •   Update Arus Kas                          •   Cash Flow Update
                     •   Pembahasan Materi Rapat Dewan            •   Discussion on GA Board of
                         Komisaris GA untuk Reaktivasi                Commissioners Meeting
24 N ove m b e r
                                                                      Materials for Reactivation
2025
                     •   Pembahasan Materi Rapat Dewan            •   Discussion on GA Board of            100%    -
November 24,
                         Komisaris GA untuk Capital Injection         Commissioners Meeting
2025
                         Airframe dan Engine                          Materials for Airframe and
                                                                      Engine Capital Injection
                     •   Pembahasan Recruitment Strategy &        •   Discussion on Recruitment
                         Progress dan Ketentuan & Panduan             Strategy & Progress and Work
                         Pakaian Kerja                                Attire Policy & Guidelines




                                                                                                                                    271
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       01

                                                                                                  Risalah Rapat Internal Direksi
     02                                                                                            Minutes of Internal Meeting
                                                                                                                                                                     Alasan
                                                    Tanggal                     Agenda Rapat                                                           Kehadiran Ketidakhadiran
                                                                                                                        Meeting Agenda
    03                                               Date                                                                                              Presence   Reasons for
                                                                                                                                                                    Absence
                                                                    •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
      04                                                                Item                                         & Open Items
                                                                    •   Persetujuan Direksi untuk Penunjukan     •   Approval for Appointment of
                                                                        Accountable Manager JV Oman                  Accountable Manager for JV
                                                                                                                     Oman
                                                 1 Desember 2025
     05                                          December 1, 2025
                                                                    •   Review Kelanjutan Kontrak IPP Asaku      •   Review of Continuation of IPP       100%    -
                                                                                                                     Asaku
                                                                    •   Review dan Evaluasi Tenaga Alih Daya     •   Contract Review and Evaluation
                                                                                                                     of Outsourced Personnel
    06                                                              •   Update Mock Up GGD                       •   Update on GGD Mock-Up
                                                                    •   Update Arus Kas                          •   Cash Flow Update

                                                                    •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                                                                        Item                                         & Open Items
                                                                                                                                                                 Perjalanan Dinas
                                                 9 Desember 2025    •   Update Rencana Kuasi Reorganisasi        •   Update on Quasi-Reorganization
                                                                                                                                                                 ke Malang
                                                 December 9,                                                         Plan                                80%
                                                                                                                                                                 Official Trip to
                                                 2025               •   Update MSA Agreement GE/CFM -            •   Update on MSA Agreement GE/
                                                                                                                                                                 Malang
                                                                        GMF                                          CFM – GMF
                                                                    •   Update Arus Kas                          •   Cash Flow Update

                                                                    •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                                                                        Item                                         & Open Items
                                                 15 Desember
                                                                    •   Update Innovation                        •   Update on Innovation
                                                 2025
                                                                    •   Update KPI Corporate 2026                •   Update on Corporate KPI 2026        100%    -
                                                 December 15,
Tata Kelola Perusahaan - Corporate Governance




                                                                    •   Update Organisasi TD, TM, TP dan TR      •   Update on Organization TD, TM,
                                                 2025
                                                                                                                     TP, and TR
                                                                    •   Update Arus Kas                          •   Cash Flow Update

                                                                    •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                                                 22 Desember            Item                                         & Open Items
                                                 2025               •   Update Hasil Audit EASA                  •   Update on EASA Audit Results
                                                                                                                                                         100%    -
                                                 December 22,       •   Update PSAK 118                          •   Update on PSAK 118 Update on
                                                 2025               •   Update Kebijakan SDM                         HR Policy
                                                                    •   Update Arus Kas                          •   Cash Flow Update

                                                                    •   Briefing, Roundtable Discussion & Open   •   Briefing, Roundtable Discussion
                                                 29 Desember            Item                                         & Open Items
                                                 2025               •   Update Action Plan to GA                 •   Update on Action Plan to GA
                                                                                                                                                         100%    -
                                                 December 29,       •   Update Persetujuan Project Oman          •   Update on Approval of Oman
                                                 2025                                                                Project
                                                                    •   Update Arus Kas                          •   Cash Flow Update


                                                Total Kehadiran Direksi dan Dewan                                     Attendance of the Board of Directors
                                                Komisaris Dalam Rapat                                                 and Board of Commissioners in All
                                                                                                                      Meeting
                                                Secara total, terdapat 64 kali rapat yang wajib dihadiri              In total, there were 64 meetings that the Board of
                                                oleh Direksi sepanjang tahun 2025 mencakup rapat                      Directors was required to attend throughout 2025,
                                                internal antara Direktur dan rapat gabungan dengan                    including internal meetings among Directors and
                                                Dewan Komisaris. Rata-rata persentase kehadiran                       joint meetings with the Board of Commissioners. The
                                                Direksi dalam seluruh rapat tersebut sepanjang tahun                  average attendance of the Board of Directors at all these
                                                2025 adalah 99%.                                                      meetings throughout 2025 was 99%.

                                                Selain itu, Dewan Komisaris mengadakan 26 kali rapat                  Additionally, the Board of Commissioners held 26
                                                yang wajib dihadiri oleh masing-masing anggota                        meetings that each member was required to attend
                                                sepanjang tahun 2025 mencakup rapat internal antar                    throughout 2025, including internal meetings among
                                                Komisaris dan rapat gabungan dengan Direksi. Rata-rata                Commissioners and joint meetings with the Board of
                                                persentase kehadiran Dewan Komisaris dalam seluruh                    Directors. The average attendance of the Board of
                                                rapat tersebut sepanjang tahun 2025 adalah 99,07%.                    Commissioners at all these meetings throughout 2025
                                                                                                                      was 99,07%.




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                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                           Kehadiran Direksi dan Dewan Komisaris dalam Rapat [ESG G-02]
                Attendance of the Board of Directors and Board of Commissioners in Meetings [ESG G-02]


                                                                                       Rata-rata Persentase Kehadiran
                                                                                        Direksi/Komisaris dalam Rapat
                 Uraian                              Jumlah Rapat
                                                                                          Average Attendance Rate of
               Description                         Number of Meetings
                                                                                        the Board of Directors/Board of
                                                                                           Commissioners in Meeting
 Jumlah Kehadiran Direksi ke Rapat
 Attendance of the Board of Directors in                                       64                                       99%
 Meeting

 Jumlah Kehadiran Dewan Komisaris ke Rapat
 Attendance of the Board of Commissioners                                       26                                 99,07%
 in Meeting




                                                                                                                              Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
PENGUNGKAPAN HUBUNGAN AFILIASI                                    DISCLOSURE OF AFFILIATION AMONG
DEWAN KOMISARIS DAN DIREKSI                                       BOARD OF COMMISSIONERS AND
                                                                  DIRECTORS

Pengungkapan hubungan afiliasi mencakup hubungan                  Affiliated relations include family and financial
keluarga dan hubungan keuangan. Bentuk hubungan                   relationships. The financial relationships are accounts
keuangan termasuk di antaranya utang-piutang, kerja               receivable, business cooperation, employees and
sama bisnis, karyawan dan perusahaan, dan sebagainya.             companies, and so on. The family relationship includes
Sedangkan bentuk hubungan keluarga mencakup                       special relationships of blood ties such as husband/wife/
hubungan istimewa terutama yang disebabkan                        children/parents/siblings/in-laws, and so on.
hubungan pertalian darah seperti suami/istri/anak/orang
tua/saudara kandung/ipar, dan sebagainya.


                                                                                     Kepengurusan pada Perusahaan/
                                              Hubungan Afiliasi
                                                                                               Institusi Lain
                                                 Affiliation
                                                                                       Position in Other Companies

                                                                Pemegang                         Sebagai
      Nama dan Posisi                                                            Sebagai
                                                                  Saham                         Anggota
     Name and Position              Dewan                                        Anggota                        Jabatan
                                                    Direksi     Utama dan                        Dewan
                                   Komisaris                                      Direksi                       Lainnya
                                                   Board of     Pengendali                      Komisaris
                                    Board of                                    As member                        Other
                                                   Directors     Major and                     As Member
                                 Commissioners                                  of Board of                     Position
                                                                Controlling                    of Board of
                                                                                 Directors
                                                               Shareholders                   Commissioners
 Dewan Komisaris
 Board of Commissioners

 Menjabat Hingga Akhir Tahun 2025
 Serving Until the End of 2025

 Oki Yanuar
 Komisaris Utama/Independen           Tidak         Tidak           Tidak            Tidak         Tidak         Tidak
 President/Independent                None          None            None             None          None          None
 Commissioner

 Dean Arslan
                                      Tidak         Tidak           Tidak            Tidak         Ya            Tidak
 Komisaris Independen
                                      None          None            None             None          Yes           None
 Independent Commissioner

 Giring Ganesha Djumaryo
                                      Tidak         Tidak           Tidak            Tidak         Tidak          Ya
 Komisaris
                                      None          None            None             None          None           Yes
 Commissioner

 Sugiharto Prapto
                                      Tidak         Tidak           Tidak            Tidak         Tidak         Tidak
 Komisaris
                                      None          None            None             None          None          None
 Commissioner

 Menjabat hingga 5 Juni 2025
 Serving until June 5, 2025

 Dharmadi
                                      Tidak         Tidak           Tidak            Tidak         Tidak          Ya
 Komisaris Utama
                                      None          None            None             None          None           Yes
 President Commissioner


                                                                                                                              273
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       01

                                                                                                                             Kepengurusan pada Perusahaan/
                                                                                           Hubungan Afiliasi
     02                                                                                                                                Institusi Lain
                                                                                              Affiliation
                                                                                                                               Position in Other Companies

                                                                                                             Pemegang                       Sebagai
                                                     Nama dan Posisi                                                        Sebagai
    03                                                                            Dewan
                                                                                                               Saham
                                                                                                                            Anggota
                                                                                                                                           Anggota
                                                                                                                                                         Jabatan
                                                    Name and Position                            Direksi     Utama dan                      Dewan
                                                                                 Komisaris                                   Direksi                     Lainnya
                                                                                                Board of     Pengendali                    Komisaris
                                                                                  Board of                                 As member                      Other
      04                                                                                        Directors     Major and                   As Member
                                                                               Commissioners                               of Board of                   Position
                                                                                                             Controlling                  of Board of
                                                                                                                            Directors
                                                                                                            Shareholders                 Commissioners

     05                                         Rahmat Hanafi
                                                                                   Tidak         Tidak          Ya            Ya             Tidak        Tidak
                                                Komisaris
                                                                                   None          None           Yes           Yes            None         None
                                                Commissioner

                                                Ali Gunawan
    06                                          Komisaris Independen
                                                                                   Tidak         Tidak         Tidak          Ya              Ya          Tidak
                                                                                   None          None          None           Yes             Yes         None
                                                Independent Commissioner

                                                Abhan
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Komisaris Independen
                                                                                   None          None          None           None           None         None
                                                Independent Commissioner

                                                Agit Atriantio
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak         Ya
                                                Komisaris Independen
                                                                                   None          None          None           None           None          Yes
                                                Independent Commissioner

                                                Direksi
                                                Board of Directors

                                                Menjabat Hingga Akhir Tahun 2025
Tata Kelola Perusahaan - Corporate Governance




                                                Serving Until the End of 2025

                                                Andi Fahrurrozi
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Utama
                                                                                   None          None          None           None           None         None
                                                CEO

                                                Bobi Gumelar Raspati
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Base Management
                                                                                   None          None          None           None           None         None
                                                Director of Base Management

                                                Mitra Piranti
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Sumber Daya Manusia
                                                                                   None          None          None           None           None         None
                                                Director of Human Capital

                                                Tri Hartono
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Keuangan
                                                                                   None          None          None           None           None         None
                                                Director of Finance

                                                Endang Tardiana
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Line Operation
                                                                                   None          None          None           None           None         None
                                                Director of Line Operation

                                                Menjabat hingga 5 Juni 2025
                                                Serving until June 5, 2025

                                                Irvan Pribadi
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Base Operation
                                                                                   None          None          None           None           None         None
                                                Director of Base Operations

                                                Pudjo Sarwoko
                                                Direktur Human Capital &
                                                                                   Tidak         Tidak         Tidak          Tidak           Ya          Tidak
                                                Corporate Affairs
                                                                                   None          None          None           None            Yes         None
                                                Director of Human Capital &
                                                Corporate Affairs

                                                Salusra Satria
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Keuangan
                                                                                   None          None          None           None           None         None
                                                Director of Finance

                                                Mukhtaris
                                                                                   Tidak         Tidak         Tidak          Tidak          Tidak        Tidak
                                                Direktur Line Operation
                                                                                   None          None          None           None           None         None
                                                Director of Line Operation




274
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Rangkap Jabatan Dewan Komisaris                             Concurrent Position of the Board of
                                                            Commissioners
Kebijakan rangkap jabatan Dewan Komisaris telah             The concurrent policy for the Board of Commissioners
diatur dalam Anggaran Dasar dan Pedoman Dewan               refers to the Articles of Association and the Board
Komisaris. Seluruh Dewan Komisaris Perseroan pada           of Commissioners Manual. The Company’s Board
waktu bersamaan tidak diperbolehkan merangkap               of Commissioners is not allowed to hold concurrent
jabatan dengan ketentuan sebagai berikut:                   positions as follow:
1. Mempunyai jabatan sebagai anggota Direksi BUMN,          1. Having a position as a member of the Directors
   Badan Usaha Milik Daerah (BUMD), Badan Usaha                 of SOEs, Regionally Owned Enterprises (BUMD),
   Milik Swasta, kecuali rangkap jabatan sebagai Direksi        Business Entities Private owned, except for
   pada BUMN yang merupakan pemegang saham                      concurrent positions as Directors of BUMN that
   pengendali Perseroan atau apabila diatur lain oleh           are the holders Company’s controlling shares or if
   peraturan perundang-undangan;                                regulated other by statutory regulations;
2. Mempunyai jabatan sebagai pengurus partai politik        2. Has a position as a manager of a political party and/




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
   dan/atau anggota legislative dan/atau calon kepala           or legislative members and/or candidates for head
   daerah/wakil kepala daerah;                                  region/deputy head of region;
3. Mempunyai jabatan lainnya sesuai dengan ketentuan        3. Having other positions in accordance with the
   peraturan perundang-undangan; dan/atau                       provisions of the legislation; and/or
4. Mempunyai jabatan lain yang dapat menimbulkan            4. Having another position that can give rise to conflict
   benturan kepentingan.                                        of interest.
5. Anggota Dewan Komisaris dapat merangkap jabatan          5. Members of the Board of Commissioners can
   sebagai:                                                     concurrently position as:
6. Anggota Direksi paling banyak pada 2 (dua) Emiten        6. Members of the Board of Directors are no more than
   atau Perusahaan Publik lain; dan                             2 (two) Issuers or other public companies; and
7. Anggota Dewan Komisaris paling banyak pada 2             7. Members of the Board of Commissioners are at most
   (dua) Emiten atau Perusahaan Publik lain.                    2 (two) Issuers or other Public Companies.

Pada akhir tahun 2025, terdapat 2 (dua) orang anggota       As of the end of 2025, there were 2 (two) members
Dewan Komisaris Perseroan yang mempunyai jabatan            of the Company's Board of Commissioners who held a
rangkap di luar GMF. Informasinya telah disampaikan di      concurrent position outside GMF. The information has
“Profil Perusahaan”, sub-bab “Profil Dewan Komisaris”       been disclosed in the chapter “Company Profile,” sub-
dari setiap Komisaris yang menjabat per akhir 2025.         chapters “Profile of the Board of Commissioners” of
                                                            each Commissioner in position as of the end of 2025.

Rangkap Jabatan Direksi                                     Concurrent Position of the Board of
                                                            Directors
Sebagaimana diatur dalam Anggaran Dasar dan                 As stipulated in the Articles of Association and
Pedoman Direksi, anggota Direksi GMF dilarang               Guidelines for Directors, members of the GMF Directors
merangkap jabatan sebagai:                                  are prohibited concurrently serving as:
1. Anggota Direksi pada BUMN, Badan Usaha Milik             1. Member of the Board of Directors of SOEs, Owned
   Daerah (BUMD), dan badan usaha milik swasta;                 Enterprises Regions (“BUMD”), and private-owned
                                                                business entities;
2. Anggota Dewan Komisaris/Dewan Pengawas pada              2. Members of the Board of Commissioners/Supervisory
   Badan Usaha Milik Swasta;                                    Board in Private Enterprises;
3. Jabatan struktural dan fungsional lainnya pada           3. Other structural and functional positions in central
   instansi/lembaga pemerintah pusat/dan/atau daerah;           government agencies/institutions/and/or area;
4. Jabatan Jabatan lainnya sesuai dengan ketentuan          4. Other positions in accordance with the provisions
   dalam peraturan perundang-undangan, pengurus                 in statutory regulations, management political
   partai politik dan/atau calon/anggota legislative dan/       parties and/or candidates/legislative members and/
   atau calon kepala daerah, wakil kepala daerah; dan/          or regional head, deputy regional head candidates;
   atau;                                                        and/or;
5. Jabatan lain yang berpotensi menimbulkan benturan        5. Other positions that have the potential to cause
   kepentingan dengan perusahaan yang bersangkutan;             conflicts of interest with that company concerned;
6. Anggota Dewan Komisaris pada perusahaan swasta,          6. Members of the Board of Commissioners of a private
   kecuali:                                                     company, except:
7. Anggota Dewan Komisaris pada Anak Perusahaan atau        7. Member of the Board of Commissioners of a
   perusahaan patungan antara Perseroan dengan pihak            Subsidiary or a joint venture between the Company
   lainnya, dengan ketentuan hanya berhak atas akumulasi        with other parties, with provisions only is entitled
   penghasilan sebagai anggota Dewan Komisaris pada             to the accumulation of income as a member of the
   satu atau lebih Anak Perusahaan/Perusahaan patungan          Board of Commissioners at one or more Subsidiaries/


                                                                                                                        275
Page 276
       01

                                                   maksimal sebesar 30% (tiga puluh persen dari gaji            Joint ventures a maximum of 30% (thirty percent
     02                                            anggota Direksi yang bersangkutan di Perseroan,              of salary the relevant Directors in the Company,
                                                   sedangkan penghasilan lain atau selebihnya diserahkan        while other income or the rest turned over to the
                                                   menjadi penghasilan Perseroan;                               Company’s income;
    03                                          8. Anggota Dewan Komisaris untuk mewakili atau               8. Members of the Board of Commissioners to represent
                                                   memperjuangkan kepentingan Perseroan (seperti                or fight for the interests of the Company (such as
                                                   pada PT Bursa Efek Indonesia) atau anggota Dewan             on PT Indonesia Stock Exchange) or members The
                                                   Komisaris karena kewajiban yang ditentukan oleh              Board of Commissioners because of its obligations
      04
                                                   peraturan perundang-undangan.                                determined by statutory regulations.

                                                Pada akhir tahun 2025, terdapat 2 (dua) anggota              As of the end of 2025, there were 2 (two) members
     05                                         Direksi Perseroan yang mempunyai jabatan rangkap             of the Company's Board of Directors who held a
                                                di luar GMF. Informasinya telah disampaikan di “Profil       concurrent position outside GMF. The information has
                                                Perusahaan”, sub-bab “Profil Direksi” dari setiap Direktur   been disclosed in the chapter “Company Profile,” sub-
    06                                          yang menjabat per akhir 2025.                                chapters “Profile of the Board of Directors” of each
                                                                                                             Director in position as of the end of 2025.

                                                PENGUNGKAPAN KEPEMILIKAN                                     DISCLOSURE OF SHARE
                                                SAHAM DEWAN KOMISARIS DAN                                    OWNERSHIP AMONG THE BOARD OF
                                                DIREKSI                                                      COMMISSIONERS AND DIRECTORS

                                                Kepemilikan saham anggota Dewan Komisaris dan                Share ownership of members of the Board of
                                                Direksi, baik di GMF ataupun perusahaan lainnya              Commissioners and Board of Directors, whether at GMF
                                                senantiasa diungkapkan secara berkala melalui daftar         or other companies, is always disclosed periodically
                                                kepemilikan saham anggota Dewan Komisaris dan                through the share ownership list of members of the
Tata Kelola Perusahaan - Corporate Governance




                                                Direksi. Seluruh anggota Dewan Komisaris dan Direksi         Board of Commissioners and Board of Directors. All
                                                wajib menyampaikan transaksi pembelian dan penjualan         members of the Board of Commissioners and Board
                                                surat berharga kepada Sekretaris Perusahaan Otoritas         of Directors must submit the securities transactions
                                                Jasa Keuangan (OJK) paling lambat 3 (tiga) hari sejak        to the Corporate Secretary of the Financial Services
                                                terjadinya transaksi.                                        Authority (OJK) not more than 3 (three) days after the
                                                                                                             transaction date.

                                                Demi menjaga independensi, Komisaris Independen              To maintain its independence, the Independent
                                                tidak diperkenankan, baik langsung maupun tidak              Commissioners are not allowed, either directly or
                                                langsung, memilikI saham GMF. Walaupun demikian, di          indirectly, to own GMF shares. However, throughout
                                                sepanjang tahun 2025, setiap anggota Dewan Komisaris         2025, each member of the Company's Board of
                                                Perusahaan tercatat tidak memiliki saham GMF.                Commissioners did not own any share at GMF.

                                                Pada akhir tahun 2025, terdapat seorang Direktur             At the end of 2025, there was one Director who directly
                                                yang memiliki saham GMF secara langsung melalui              owned GMF shares through the Employee Stock Allocation
                                                program Employee Stock Allocation (“ESA”) pada saat          (“ESA”) program during GMF’s IPO, and who remained
                                                IPO GMF dan yang bersangkutan masih aktif sebagai            an active employee of GMF. In addition, there were two
                                                pegawai GMF dan juga terdapat dua Direktur lainnya           other Directors who also held GMF shares. Meanwhile,
                                                yang memiliki saham GMF. Selain itu, tidak terdapat          there were no changes in GMF share ownership by other
                                                perubahan kepemilikan saham GMF oleh anggota Dewan           members of the Board of Commissioners and Board of
                                                Komisaris dan Direksi lainnya di sepanjang tahun 2025.       Directors throughout 2025. This information has been
                                                Perihal ini, telah disampaikan oleh Sekretaris Perusahaan    reported by the Corporate Secretary through periodic
                                                melalui laporan daftar kepemilikan saham secara berkala      share ownership reports to the Financial Services Authority
                                                ke Otoritas Jasa Keuangan.                                   (Otoritas Jasa Keuangan).




276
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                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                             Kepemilikan Saham
    Nama dan Posisi                                           Share Ownership
   Name and Position                                      PT Garuda Indonesia        Perusahaan Lain (di atas 5%)
                                        GMF
                                                             (Persero) Tbk            Other Company (above 5%)
Dewan Komisaris
Board of Commissioners
Menjabat Hingga Akhir Tahun 2025
Serving Until the End of 2025
Oki Yanuar
Komisaris Utama/Independen              Nihil
                                                                     ...                          ...
President/Independent                   None
Commissioner
Dean Arslan
                                        Nihil
Komisaris Independen                                                 ...                          ...
                                        None
Independent Commissioner




                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Giring Ganesha Djumaryo
                                        Nihil
Komisaris                                                            ...                          ...
                                        None
Commissioner
Sugiharto Prapto
                                        Nihil
Komisaris                                                            ...                          ...
                                        None
Commissioner
Menjabat hingga 5 Juni 2025
Serving until June 5, 2025
Dharmadi
                                        Nihil                      Nihil                        Nihil
Komisaris Utama
                                        None                       None                         None
President Commissioner
Rahmat Hanafi                                             3,846,004 lembar saham |
                                        Nihil                                                   Nihil
Komisaris                                                          shares
                                        None                                                    None
Commissioner
Ali Gunawan
                                        Nihil                      Nihil                        Nihil
Komisaris Independen
                                        None                       None                         None
Independent Commissioner
Abhan
                                        Nihil                      Nihil                        Nihil
Komisaris Independen
                                        None                       None                         None
Independent Commissioner
Agit Atriantio
                                        Nihil                      Nihil                        Nihil
Komisaris Independen
                                        None                       None                         None
Independent Commissioner
Direksi
Board of Directors
Menjabat Hingga Akhir Tahun 2025
Serving Until the End of 2025
Andi Fahrurrozi
                               2,300,500 lembar saham |            Nihil                        Nihil
Direktur Utama
                                        shares                     None                         None
CEO
Bobi Gumelar Raspati
                                        Nihil
Direktur Base Management                                             ...                          ...
                                        None
Director of Base Management
Mitra Piranti
                                        Nihil
Direktur Sumber Daya Manusia                                         ...                          ...
                                        None
Director of Human Capital
Tri Hartono
                                        Nihil
Direktur Keuangan                                                    ...                          ...
                                        None
Director of Finance
Endang Tardiana
                                        Nihil
Direktur Line Operation                                              ...                          ...
                                        None
Director of Line Operation
Menjabat hingga 5 Juni 2025
Serving until June 5, 2025
Irvan Pribadi
                                62,800 lembar saham |              Nihil                        Nihil
Direktur Base Operation
                                        shares                     None                         None
Director of Base Operations




                                                                                                                    277
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       01
                                                                                                                                          Kepemilikan Saham
     02                                               Nama dan Posisi                                                                      Share Ownership
                                                     Name and Position                                                               PT Garuda Indonesia                    Perusahaan Lain (di atas 5%)
                                                                                                        GMF
                                                                                                                                        (Persero) Tbk                        Other Company (above 5%)
    03                                          Pudjo Sarwoko
                                                Direktur Human Capital &
                                                                                                                                                  Nihil                                        Nihil
                                                Corporate Affairs                        89,200 lembar saham | shares
                                                                                                                                                  None                                         None
                                                Director of Human Capital &
      04                                        Corporate Affairs
                                                Salusra Satria
                                                                                                         Nihil                                    Nihil                                        Nihil
                                                Direktur Keuangan
                                                                                                         None                                     None                                         None
                                                Director of Finance
     05
                                                Mukhtaris*
                                                                                                         Nihil                         25,460 lembar saham |
                                                Direktur Line Operation                                                                                                       275,000 lembar saham | shares
                                                                                                         None                                  shares
                                                Director of Line Operation
    06                                          *) Mengundurkan diri pada 30 Juni 2025, pengukuhan pengunduran diri pada RUPSLB 26 September 2025. | Resigned from his position on June 30, 2025, with the approval given
                                                during the EGMS on September 27, 2025.




                                                KEBIJAKAN PEMBERIAN PINJAMAN                                                            LOAN POLICY FOR THE BOARD OF
                                                BAGI DEWAN KOMISARIS DAN DIREKSI                                                        COMMISSIONERS AND DIRECTORS

                                                Sebagaimana diatur dalam Piagam Dewan Komisaris dan                                     As stipulated in both Manual of the Board of
                                                Piagam Direksi, Perseroan tidak memberikan fasilitas                                    Commissioners and Directors, the Company does not
                                                pinjaman kepada anggota Dewan Komisaris dan Direksi                                     provide loan facilities to either of them ensuring the
                                                dalam menjaga implementasi GCG.                                                         maintenance of GCG implementation.

                                                KEBIJAKAN PENGUNDURAN DIRI                                                              POLICIES ON RESIGNATION OF THE
Tata Kelola Perusahaan - Corporate Governance




                                                DEWAN KOMISARIS DAN DIREKSI                                                             BOARD OF COMMISSIONERS AND
                                                APABILA TERLIBAT DALAM                                                                  BOARD OF DIRECTORS IF INVOLVED IN
                                                KEJAHATAN KEUANGAN                                                                      FINANCIAL CRIMES
                                                Sebagaimana diatur dalam Piagam Dewan Komisaris                                         As stipulated in both Manual of the Board of
                                                dan Piagam Direksi, anggota Dewan Komisaris dan                                         Commissioners and Directors, members who are proven
                                                Direksi yang telah terbukti terlibat dalam kejahatan                                    to be involved in financial crimes and are convicted by
                                                keuangan melalui penetapan status terpidana dari                                        the legal authority, are required to resign from their
                                                pihak yang berwenang, wajib mengundurkan diri dari                                      positions. The financial crimes referred to include
                                                jabatannya. Adapun kejahatan keuangan yang dimaksud                                     manipulation and various forms of embezzlement in
                                                seperti manipulasi dan berbagai bentuk penggelapan                                      financial services activities, as well as criminal acts of
                                                dalam kegiatan jasa keuangan serta Tindakan Pidana                                      money laundering as outlined in Law Number 8 of 2010
                                                Pencucian Uang sebagaimana dimaksud dalam Undang-                                       concerning Prevention and Eradication of the Crime of
                                                Undang Nomor 8 Tahun 2010 tentang Pencegahan dan                                        Money Laundering.
                                                Pemberantasan Tindak Pidana Pencucian Uang.




278
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                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                                         Sekretaris Dewan Komisaris
                                                            Secretary to the Board of Commissioners




Sekretaris Dewan Komisaris merupakan organ                        The Secretary to the Board of Commissioners is the
pendukung Dewan Komisaris yang bertugas memastikan                Board’s supporting organ to ensure that the Board
Dewan Komisaris menerapkan prinsip-prinsip GCG                    applies the best practice of GCG principles according to
sesuai dengan best practices dan peraturan perundang-             the prevailing laws and regulations. The Secretary to the
udangan yang berlaku. Selain itu, Sekretaris Dewan                Board of Commissioners has to carry out administrative




                                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Komisaris juga mempunyai tugas dan fungsi untuk                   and secretarial activities of the Board as the supervisor
melakukan kegiatan administrasi dan kesekretariatan               of the Company's management.
sesuai fungsi Dewan Komisaris sebagai pengawas
pengelolaan Perseroan.

MASA JABATAN                                                      TERM OF OFFICE

Sekretaris Dewan Komisaris memiliki masa jabatan                  The Secretary to the Board of Commissioners has a 3
3 (tiga) tahun terhitung sejak Surat Keputusan yang               (three) year period since his appointment Decree and
mengangkatnya, dan dapat diperpanjang 2 (dua) tahun.              can be extended for 2 (two) more term. The Board of
Dewan Komisaris memiliki hak untuk memberhentikan                 Commissioners has the right to dismiss its secretary at
sekretarisnya sewaktu-waktu sesuai dengan ketentuan               any time as regulated.
yang berlaku.

PROFIL SEKRETARIS DEWAN                                           PROFILE OF THE SECRETARY TO THE
KOMISARIS                                                         BOARD OF COMMISSIONERS

Sekretaris Dewan Komisaris dijabat oleh Yogi Aditama,             The Secretary of the Board of Commissioners is Yogi
yang ditunjuk kembali berdasarkan Surat Keputusan                 Aditama, who was appointed based on the Decree
Dewan Komisaris No. DEKOM-GMF/SKEP/5001/25.                       of the Board of Commissioners No. DEKOM-GMF/
                                                                  SKEP/5001/25.
Yogi Aditama
Sekretaris Dewan Komisaris
Secretary to the Board of Commissioners

Periode Jabatan           Periode jabatan pertama yang berlaku 2020-2023, dan diperpanjang untuk periode kedua yaitu 2023-2025.
Period                    Serving his first term from 2020 to 2023, and extended from 2023 until 2025.

                          Warga Negara Indonesia                                    Indonesian Citizen
Data Pribadi
                          Usia 34 tahun                                             34 years old
Personal Data
                          Kelahiran Kediri, 14 November 1990                        Born in Kediri, November 14, 1990

Domisili
                          Tangerang, Banten, Indonesia
Domicile

Pendidikan                Magister (S2) Ilmu Hukum, Universitas Indonesia
Education                 Master’s Degree in Law from the University of Indonesia

                          •   SM Subsidiaries & Affiliations—PT Garuda Indonesia    •   SM Subsidiaries & Affiliations—PT Garuda
                              (Persero) Tbk (2022-sekarang)                             Indonesia (Persero) Tbk (2022-present)
                          •   GCG Analyst—PT Garuda Indonesia (Persero) Tbk         •   GCG Analyst—PT Garuda Indonesia (Persero)
                              (2019-2022)                                               Tbk (2019-2022)
Pengalaman Kerja          •   Corporate Governance Analyst—PT GMF Aero Asia         •   Corporate Governance Analyst—PT GMF Aero
Work Experience               Tbk (2019-2020)                                           Asia Tbk (2019-2020)
                          •   GCG Compliance Officer—PT GMF Aero Asia Tbk           •   GCG Compliance Officer—PT GMF Aero Asia
                              (2017-2018)                                               Tbk (2017-2018)
                          •   GCG Analyst—PT GMF Aero Asia Tbk (2018)               •   GCG Analyst—PT GMF Aero Asia Tbk (2018)
                          •   Legal Officer—PT GMF Aero Asia (2014-2017)            •   Legal Officer—PT GMF Aero Asia (2014-2017)




                                                                                                                                     279
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       01
                                                                                Pelatihan dan Workshop:                                  Training and Workshop:
                                                                                •   Professional Commissioners Program (15-16 Februari   • Professional Commissioners Program (15-16
     02                                                                             2025), PT Garuda Indonesia (Persero) Tbk                 Februari 2025), PT Garuda Indonesia (Persero)
                                                                                                                                             Tbk
                                                                                •   Workshop Subsidiary Governance (19-20 September      • Workshop Subsidiary Governance (19-20
                                                 Latar Belakang Pendidikan          2024), PT Dinamika Pasifik Solusindo (“DPS               September 2024), PT Dinamika Pasifik
    03                                           dan/atau Sertifikasi Profesi       Consulting”)                                             Solusindo (“DPS Consulting”)
                                                 yang Berlaku                   •   Training Finnon: Understanding Financial Statement   • Training Finnon: Understanding Financial
                                                 Educational Background             (2-4 Oktober 2024), PPM Manajemen                        Statement (2-4 Oktober 2024), PPM
      04                                         and/or Valid Professional                                                                   Manajemen
                                                 Certificates
                                                                                Sertifikasi:                                             Certification:
                                                                                • Pendidikan Profesi Konsultan Hukum Pasal Modal         • Legal Consultant Professional Education
     05                                                                             Dasar 1                                                  Article Basic Capital 1
                                                                                •   Certified Governance Professional                    • Certified Governance Professional
                                                                                •   Certified Risk Management Officer                    • Certified Risk Management Officer

    06                                          TUGAS DAN TANGGUNG JAWAB                                                DUTIES AND RESPONSIBILITIES OF
                                                SEKRETARIS DEWAN KOMISARIS                                              THE SECRETARY TO THE BOARD OF
                                                                                                                        COMMISSIONERS

                                                Dalam melaksanakan tugasnya, Sekretaris Dewan                           In carrying out its duties, the Secretary to the Board
                                                Komisaris mengacu pada Pedoman Kerja yang tercantum                     of Commissioners refers to the Guidelines listed in the
                                                dalam Pedoman Direksi dan Dewan Komisaris, dengan                       Guidelines in the Board Manual as follows:
                                                tugas dan tanggung jawab sebagai berikut:
                                                1. Mengkoordinasikan pengurusan komunikasi dan                          1. Coordinating the management of communication and
                                                    penyelenggaraan administrasi Dewan Komisaris dan                        administration of the Board of Commissioners and
                                                    kesekretariatan Dewan Komisaris sesuai hukum dan                        the Secretariat of the Board of Commissioners in
Tata Kelola Perusahaan - Corporate Governance




                                                    prinsip GCG;                                                            accordance with the law and GCG principles;
                                                2. Mempersiapkan keputusan terhadap usulan                              2. Prepare a decision on the proposed legal actions of
                                                    perbuatan hukum Direksi yang memerlukan                                 the Board of Directors that require written approval
                                                    persetujuan tertulis Dewan Komisaris;                                   from the Board of Commissioners;
                                                3. Mempersiapkan materi awal dalam hal nasihat yang                     3. Prepare preliminary material in terms of advice to
                                                    akan disampaikan oleh Dewan Komisaris kepada                            be submitted by the Board of Commissioners to the
                                                    Direksi;                                                                Board of Directors;
                                                4. Mempersiapkan pendapat dan saran (tanggapan)                         4. Prepare the opinions and suggestions (responses) of
                                                    Dewan Komisaris yang akan disampaikan kepada                            the Board of Commissioners which will be submitted
                                                    Rapat Umum Pemegang Saham mengenai RJPP,                                to the General Meeting of Shareholders regarding
                                                    RKAP dan Laporan Tahunan;                                               RJPP, RKAP and Annual Report;
                                                5. Mempersiapkan tugas Dewan Komisaris dalam                            5. Prepare the duties of the Board of Commissioners in
                                                    menyusun program kerja tahunan dan dimasukkan                           preparing the annual work program and incorporated
                                                    ke dalam RKAP;                                                          into the RKAP;
                                                6. Mempersiapkan usulan Dewan Komisaris kepada                          6. Prepare the Board of Commissioners’ proposal to
                                                    RUPS mengenai Akuntan Publik yang akan digunakan                        the GMS regarding Public Accountants to be used
                                                    oleh Perseroan;                                                         by the Company;
                                                7. Membuat risalah rapat Dewan Komisaris dan                            7. Make minutes of Board of Commissioners’ meetings
                                                    menyampaikan aslinya kepada Perseroan serta                             and submit the originals to the Company and keep
                                                    menyimpan salinannya;                                                   a copy of them;
                                                8. Mempersiapkan materi laporan tentang tugas                           8. Preparing report material about the supervisory
                                                    pengawasan yang telah dilakukan oleh Dewan                              tasks that have been carried out by the Board of
                                                    Komisaris selama tahun buku terkait pada RUPS;                          Commissioners during the relevant fiscal year at GMS;
                                                9. Mempersiapkan Panggilan Rapat Dewan Komisaris                        9. Prepare a Notice for the Meeting of the Board of
                                                    secara tertulis yang ditandatangani oleh Komisaris                      Commissioners in writing signed by the President
                                                    Utama atau oleh anggota Dewan Komisaris yang                            Commissioner or by a member of the Board
                                                    ditunjuk oleh Komisaris Utama dan disampaikan kepada                    of Commissioners appointed by the President
                                                    Anggota Dewan Komisaris dalam jangka waktu paling                       Commissioner and submitted to the Members of
                                                    lambat 3 (tiga) hari sebelum rapat diadakan atau                        the Board of Commissioners no later than 3 (three)
                                                    dalam waktu yang lebih singkat jika dalam keadaan                       days before the meeting is held or in a shorter period
                                                    mendesak, dengan tidak memperhitungkan tanggal                          if in an emergency, not counting the date of the
                                                    panggilan dan tanggal rapat;                                            summons and the date of the meeting;
                                                10. Membuat risalah rapat yang memuat dinamika                          10. Make minutes of meeting containing the dynamics
                                                    rapat yang mencerminkan akuntabilitas setiap                            of the meeting that reflects the accountability of
                                                    peserta rapat, serta evaluasi terhadap pelaksanaan                      each meeting participant, as well as an evaluation of
                                                    keputusan rapat sebelumnya; dan                                         the implementation of the decisions of the previous
                                                                                                                            meeting; and
280
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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
11. Melaksanakan kewajiban lainnya yang ditugaskan        11. Carry out other obligations assigned by the Board
    oleh Dewan Komisaris.                                     of Commissioners.

PENGEMBANGAN KOMPETENSI                                   COMPETENCY DEVELOPMENT FOR
SEKRETARIS DEWAN KOMISARIS                                THE SECRETARY TO THE BOARD OF
                                                          COMMISSIONERS

Pada tahun 2025, Sekretaris Dewan Komisaris mengikuti     In 2025, the Secretary to the Board of Commissioners
sejumlah program pendidikan yang dapat dilihat pada       has participated in several educational programs that are
Laporan Keberlanjutan dalam Laporan Terintegrasi ini.     available in the Sustainability Report of this Integrated
                                                          Report.

KEBIJAKAN REMUNERASI                                      REMUNERATION POLICY




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Remunerasi Sekretaris Dewan Komisaris ditetapkan oleh     The Board of Commissioners determines the
Dewan Komisaris dengan memperhatikan kemampuan            remuneration of its secretary by paying attention to the
Perseroan. Besaran dan jenis penghasilan Sekretaris       Company's capabilities. The amount and type of annual
Dewan Komisaris selama setahun tidak lebih besar          remuneration for the secretary are not greater than
dari penghasilan organ pendukung Dewan Komisaris          the income of other supporting bodies of the Board of
lainnya. Besaran dan jenis penghasilan Sekretaris Dewan   Commissioners. The amount and type of remuneration of
Komisaris terdiri dari:                                   the Secretary to the Board of Commissioners consist of:
1. Honorarium maksimal sebesar 10% (sepuluh persen)       1. An honorarium not more than 10% (ten percent) of
    dari gaji Direktur Utama Perusahaan;                      the President Director’s salary;
2. Tunjangan; dan/atau                                    2. Allowances; and/or
3. Tantiem atau insentif kerja.                           3. Rewards or work incentives.

LAPORAN PELAKSANAAN TUGAS                                 REPORT OF DUTIES

Sekretaris Dewan Komisaris telah melakukan berbagai       The Secretary to the Board of Commissioners has
kegiatan dalam mendukung pelaksanaan tugas                done various activities in supporting the Board of
pengawasan Dewan Komisaris dan menyampaikan               Commissioners in terms of supervision and submitted
laporan pelaksanaan tugasnya sepanjang tahun 2025,        its work reports throughout 2025 as follows:
antara lain meliputi:
1. Menyusun Rencana Kerja dan Anggaran (RKA)              1. Prepared the Board of Commissioners’ Work Plan
   Dewan Komisaris;                                           and Budget (RKA);
2. Menyusun program pelatihan Dewan Komisaris;            2. Developed training programs for the Board of
                                                              Commissioners;
3. Mempersiapkan dan menghadiri kegiatan                  3. Prepared for and attend GMS activities, including the
   RUPS dalam RUPS RKAP dan RUPS Laporan                      RKAP GMS and the Annual Financial Accountability
   Pertanggungjawaban Keuangan Tahunan;                       Report GMS;
4. Menyelenggarakan Rapat Internal Dewan Komisaris;       4. Organized internal meetings of the Board of
                                                              Commissioners;
5. Menyelenggarakan Rapat Dewan Komisaris dengan          5. Organized meetings between the Board of
   Direksi;                                                   Commissioners and the Board of Directors;
6. Menyelenggarakan Rapat Dewan Komisaris dengan          6. Organized meetings between the Board of
   Komite Dewan Komisaris;                                    Commissioners and the Committees under the Board
                                                              of Commissioners;
7. Mengkoordinasikan anggota komite, jika diperlukan,     7. Coordinated committee members, if necessary, to
    dalam rangka memperlancar tugas Dewan Komisaris;          facilitate the duties of the Board of Commissioners;
8. Membuat Risalah Rapat Dewan Komisaris dan              8. Prepared minutes of the Board of Commissioners’
    menyampaikan aslinya kepada Perusahaan serta              meetings and submit the originals to the Company
    menyimpan salinannya;                                     while retaining copies;
9. Mempersiapkan materi laporan rutin kepada              9. Prepared materials for routine reports to Shareholders
    Pemegang Saham tentang tugas pengawasan yang              regarding the supervisory duties carried out by the
    telah dilakukan oleh Dewan Komisaris;                     Board of Commissioners;
10. Menyusun, mempersiapkan dan melengkapi                10. Compiled, prepared, and completed documentation
    kelengkapan GCG assessment aspek Dewan Komisaris;         for GCG assessment aspects related to the Board
                                                              of Commissioners;




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       01

                                                11. Mempersiapkan materi dan review dalam hal nasihat      11. Prepared materials and conduct reviews for advice
     02                                             dan tanggapan yang akan disampaikan oleh Dewan             and responses to be delivered by the Board of
                                                    Komisaris kepada Direksi;                                  Commissioners to the Board of Directors; and
                                                12. Mempersiapkan keputusan terhadap usulan                12. Prepared decrees on proposed legal actions of the
    03                                              perbuatan hukum Direksi yang memerlukan                    Board of Directors that require written approval from
                                                    persetujuan tertulis Dewan Komisaris;                      the Board of Commissioners;
                                                13. Memastikan bahwa Dewan Komisari mematuhi               13. Ensured that the Board of Commissioners complies
                                                    peraturan perundang-undangan serta menerapkan              with laws and regulations and implements good
      04
                                                    prinsip tata kelola perusahaan yang baik;                  corporate governance principles;
                                                14. Memberikan informasi yang dibutuhkan oleh Dewan        14. Provided information required by the Board of
                                                    Komisaris secara berkala dan/atau sewaktu-waktu            Commissioners on a regular and/or ad hoc basis
     05                                             apabila diminta;                                           when requested;
                                                15. Sebagai penghubung (liaison officer) Dewan             15. Acted as a liaison officer for the Board of
                                                    Komisaris/Dewan Pengawas BUMN dengan pihak                 Commissioners/Supervisory Board of SOEs with
    06                                              lain.                                                      other parties.


                                                           GMF memiliki sejumlah Komite yang berperan penting untuk memastikan keberlanjutan
                                                          usaha, terutama dalam hal implementasi GCG terhadap manajemen risiko. Komite-komite
                                                          tersebut memiliki Pedoman Kerja yang telah diunggah di situs web resmi GMF dan dapat
                                                                                               diakses oleh publik.
                                                         GMF owns several committees with important roles to support business sustainability, particularly
                                                          in implementing GCG principles on risk management. Those Committees work according to the
                                                         Charter as guideline that has been uploaded to the official website of GMF and accessible for the
                                                                                                     public.

                                                                                                     CLICK HERE
Tata Kelola Perusahaan - Corporate Governance




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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                       Komite Audit
                                                                                            Audit Committee




Komite Audit merupakan organ pendukung Dewan                 Audit Committee is the Board of Commissioners’
Komisaris yang bertugas untuk memberikan pendapat            supporting body to provide independent and professional
secara independen dan profesional mengenai                   opinions concerning internal control, transparency, and
pengendalian internal, keterbukaan, dan pelaporan            financial report. Audit Committee evaluates the public
keuangan. Komite Audit melakukan kajian terhadap             accountants and improves GCG practices concerning




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
akuntan publik dan meningkatkan praktik GCG                  the Board of Commissioners’ supervisory duties and
sehubungan dengan tugas dan fungsi pengawasan                function.
Dewan Komisaris.

Seluruh anggota Komite Audit diangkat dan diberhentikan      Audit Committee members are appointed and dismissed
oleh Dewan Komisaris. Komite Audit dibentuk dengan           by the Board of Commissioners. Audit Committee
mengacu pada Peraturan OJK No. 55/POJK.04/2015               was formed by referring to OJK Regulation No. 55/
tentang Pembentukan dan Pelaksanaan Kerja Komite             POJK.04/2015 concerning the Establishment and
Audit.                                                       Implementation of the Audit Committee's Work.

                                                             TERM OF OFFICE
MASA JABATAN
                                                             The office period for Audit Committee is set for 3 (three)
Komite Audit memiliki masa jabatan 3 (tiga) tahun            years, starting from the issuance of his appointment
terhitung sejak Surat Keputusan yang mengangkatnya           Decree with an extension of another 2 (two) years.
dan dapat diperpanjang satu kali selama 2 (dua) tahun        The Board of Commissioners has the right to dismiss
masa jabatan. Dewan Komisaris memiliki hak untuk             the committee’s members at any time as the regulation
memberhentikan anggota komite sewaktu-waktu sesuai           allows.
dengan ketentuan yang berlaku.

KUALIFIKASI ANGGOTA                                          QUALIFICATIONS

Pembentukan dan Susunan Keanggotaan:                         Formation and Composition:
1. Komite Audit dibentuk dengan Keputusan Dewan              1. The Audit Committee is formed by Decision Board
   Komisaris dan bertanggung jawab kepada Dewan                 of Commissioners and is responsible to Board of
   Komisaris.                                                   Commissioners.
2. Komite Audit paling sedikit terdiri dari 3 (tiga) orang   2. The Audit Committee consists of at least 3
   anggota yang berasal dari Komisaris Independen               (three) members who come from Commissioners
   dan Pihak dari luar.                                         Independent and outside parties.
3. Komite Audit merangkap Anggota yang merupakan             3. The Audit Committee is concurrently a Member is
   Komisaris Independen.                                        an Independent Commissioner.
4. Anggota Audit lainnya merupakan Pihak yang berasal        4. Other Audit members are parties from outside the
   dari luar Perusahaan.                                        Company.

Persyaratan Keanggotaan                                      Requirements:
1. Komisaris Independen:                                     1. Independent Commissioner:
   a. Komisaris Independen wajib memenuhi                       a. Independent Commissioners must fulfill
      persyaratan sebagaimana diatur dalam Peraturan                requirements as regulated Financial Services
      Otoritas Jasa Keuangan Nomor 33/POJK.                         Authority Number 33/POJK. 04/2014 concerning
      04/2014 tentang Direksi Dan Dewan Komisaris                   the Board of Directors and the Board of
      Emiten atau Perusahaan Publik;                                Commissioners of an Issuer or a public company;
2. Anggota Audit:                                            2. Audit Members:
   a. Wajib memiliki integritas yang tinggi, kemampuan,         a. Must have high integrity, ability, knowledge,
      pengetahuan, pengalaman sesuai dengan bidang                  experience according to the field his job, and
      pekerjaannya, serta mampu berkomunikasi                       able to communicate well;
      dengan baik;


                                                                                                                          283
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       01

                                                  b. Wajib memahami laporan keuangan, bisnis                       b. Must understand financial statements, business
     02                                              perusahaan khususnya yang terkait dengan                         companies specifically related to Issuer services
                                                     layanan jasa atau kegiatan usaha Emiten atau                     or business activities Public Company, audit
                                                     Perusahaan Publik, proses audit, manajemen                       process, management risk, and statutory
    03                                               risiko, dan peraturan perundang-undangan di                      regulations at Capital Market sector and
                                                     bidang Pasar Modal serta peraturan perundang-                    legislation other related;
                                                     undangan terkait lainnya;
                                                  c. Wajib mematuhi kode etik Komite Audit yang                    c. Must comply with the Audit Committee’s code of
      04
                                                     ditetapkan oleh Perseroan;                                       ethics determined by the Issuer or Public Company;
                                                  d. Bersedia meningkatkan kompetensi secara terus                 d. Willing to increase competence continuously
                                                     menerus melalui pendidikan dan pelatihan;                        continuously through education and training;
     05                                           e. Wajib memiliki paling sedikit 1 (satu) anggota                e. Required to have at least 1 (one) member with
                                                     yang berlatar belakang pendidikan dan keahlian                   educational background and expertise in the field
                                                     di bidang akuntansi dan keuangan;                                of education background and expertise in the
    06                                                                                                                field of accounting and finance;
                                                  f. Wajib memiliki paling sedikit 1 (satu) anggota                f. Required to have at least 1 (one) member who
                                                     yang memahami industri/bisnis Perseroan;                         understand the Company's industry/business;
                                                  g. Dapat menyediakan waktu yang cukup untuk                      g. Can provide sufficient time to complete his/her
                                                     menyelesaikan tugasnya;                                          duties;
                                                  h. Bukan merupakan orang dalam Kantor Akuntan                    h. Not an insider of the Public Accounting Firm,
                                                     Publik, Kantor Konsultan Hukum, Kantor Jasa                      Legal Consultant Office, Public Appraisal Service
                                                     Penilai Publik atau pihak lain yang memberi                      Office or other parties that provide assurance
                                                     jasa asurans, jasa non-asurans, jasa penilai                     services, nonassurance services, appraisal
                                                     dan/atau jasa konsultasi lain kepada Perseroan                   services and/or other consulting services to
                                                     yang bersangkutan dalam waktu 6 (enam) bulan                     Company concerned within the last 6 (six) the
Tata Kelola Perusahaan - Corporate Governance




                                                     terakhir;                                                        last 6 (six) months;
                                                  i. Bukan merupakan orang yang bekerja atau                       i. Not a person who works or has authority and
                                                     mempunyai wewenang dan tanggung jawab                            responsibility for planning, leading, controlling,
                                                     untuk merencanakan, memimpin, mengendalikan,                     or supervising the activities of activities of the
                                                     atau mengawasi kegiatan Perseroan tersebut                       Company within the last 6 (six) months last 6 (six
                                                     dalam waktu 6 (enam) bulan terakhir, kecuali                     months), except for Independent Commissioner;
                                                     Komisaris Independen;
                                                  j. Tidak mempunyai saham langsung maupun tidak                   j. Has no direct or indirect shares directly or
                                                     langsung pada Perseroan;                                         indirectly in the Company;
                                                  k. Dalam hal anggota Komite Audit memperoleh                     k. In the event that a member of the Audit
                                                     saham Perseroan baik langsung maupun tidak                       Committee acquires shares Company either
                                                     langsung akibat suatu peristiwa hukum, saham                     directly or indirectly as a result of a legal event,
                                                     tersebut wajib dialihkan kepada pihak lain dalam                 the shares must be transferred to other parties
                                                     jangka waktu paling lama 6 (enam) bulan setelah                  within a maximum period of 6 (six) months after
                                                     diperolehnya saham tersebut;                                     the acquisition of the shares;
                                                  l. Tidak mempunyai hubungan afiliasi dengan                      l. Has no affiliation with any member of the members
                                                     anggota Dewan Komisaris, anggota Direksi, atau                   of the Board of Commissioners, members of the
                                                     Pemegang Saham Utama Perseroan; dan                              Board of Directors, or Major of the Company; and
                                                  m. Tidak mempunyai hubungan usaha baik langsung                  m. Has no business relationship, either directly or
                                                     maupun tidak langsung yang berkaitan dengan                      indirectly related to the business activities of the
                                                     kegiatan usaha Emiten atau Perusahaan Publik.                    Issuer or Public Company.

                                                KOMPOSISI ANGGOTA KOMITE AUDIT                                 COMPOSITION OF AUDIT COMMITTEE
                                                                                                               MEMBERS
                                                                             Komposisi Anggota Komite Audit per 31 Desember 2025
                                                                          Composition of Audit Committee Members as of December 31, 2025
                                                   Nama                  Jabatan                  Dasar Pengangkatan           Masa Jabatan           Periode Jabatan
                                                   Name                  Position                 Basis of Appointment         Term of Office          Office Period
                                                                                                                             Mengikuti masa jabatan
                                                                                                SK DEKOM-GMF/SKEP/5002/21    sebagai Komisaris
                                                               Ketua/Komisaris Independen       tanggal 23 September 2021    Independen
                                                Ali Gunawan*
                                                               Chair/Independent Commissioner   SK DEKOM-GMF/SKEP/5002/21    Followed his term
                                                                                                dated September 23rd, 2021   as Independent
                                                                                                                             Commissioner




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                                                                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                      Komposisi Anggota Komite Audit per 31 Desember 2025
                                   Composition of Audit Committee Members as of December 31, 2025
    Nama                          Jabatan                         Dasar Pengangkatan                         Masa Jabatan                  Periode Jabatan
    Name                          Position                        Basis of Appointment                       Term of Office                 Office Period
                                                                                                         Mengikuti masa jabatan
                                                               SK DEKOM-GMF/SKEP/5002/25                 sebagai Komisaris
                     Ketua/Komisaris Indepen                   tanggal 18 Juni 2025                      Independen
Dean Arslan**
                     Chair/Independent Commissioner            SK DEKOM-GMF/SKEP/5002/21                 Followed his term
                                                               dated June 18th, 2025                     as Independent
                                                                                                         Commissioner

                                                                                                         Mengikuti masa jabatan
                     Anggota/Komisaris Utama/                  SK DEKOM-GMF/SKEP/5002/25
                                                                                                         sebagai Komisaris
                     Komisaris Independen                      tanggal 18 Juni 2025
Oki Yanuar**                                                                                             U tama/Komisaris
                     Member/President Commissioner/            SK DEKOM-GMF/SKEP/5002/21
                                                                                                         Independen
                     Independent Commissioner                  dated June 18th, 2025




                                                                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                               SK DEKOM-GMF/SKEP/5002/24                 24 September 2024 s.d
                     Anggota                                   tanggal 4 Oktober 2024                    24 September 2026                         Kedua
Dodi Yasendri
                     Member                                    SK DEKOM-GMF/SKEP/5002/24                 September 24, 2024                        Second
                                                               dated October 4, 2024                     to September 23, 2026

                                                               SK DEKOM-GMF/SKEP/5002/23                 5 Juli 2023 s.d 5 Juli
Edward Okky          Anggota                                   tanggal 05 Juli 2023                      2026                                      Pertama
Avianto              Member                                    Decree DEKOM-GMF/                         July 5, 2023 until July                     First
                                                               SKEP/5002/23 dated July 5, 2023           5, 2026
*) Diberhentikan sebagai Ketua Komite Audit & Kebijakan Tata Kelola Perusahaan (Corporate Governance) melalui Surat Keputusan Dewan Komisaris Perseroan No. DEKOM-GMF/
SKEP/5002/25 tanggal 18 Juni 2025 tentang Penetapan Komite Audit sebagai Organ Pendukung Dewan Komisaris PT Garuda Maintenance Facility Aero Asia Tbk. | Dismissed as
Chairman of the Audit & Corporate Governance Policy Committee through the Board of Commissioners Decree No. DEKOM-GMF/SKEP/5002/25 dated June 18, 2025 concerning
the Establishment of the Audit Committee as a Supporting Organ of the Board of Commissioners of PT Garuda Maintenance Facility Aero Asia Tbk.

**) Diangkat sebagai Ketua dan Anggota Komite Audit Perseroan melalui Surat Keputusan Dewan Komisaris Perseroan No. DEKOM-GMF/SKEP/5002/25 tanggal 18 Juni 2025
tentang Penetapan Komite Audit sebagai Organ Pendukung Dewan Komisaris PT Garuda Maintenance Facility Aero Asia Tbk. | Appointed as Chairman and Member of the
Company’s Audit Committee through the Board of Commissioners Decree No. DEKOM-GMF/SKEP/5002/25 dated June 18, 2025 concerning the Establishment of the Audit
Committee as a Supporting Organ of the Board of Commissioners of PT Garuda Maintenance Facility Aero Asia Tbk.



PROFIL ANGGOTA KOMITE AUDIT                                                            PROFILE OF AUDIT COMMITTEE
                                                                                       MEMBERS

Profil Ketua Komite Audit, Dean Arslan, dapat dilihat                                  The Audit Committee Chair profile, Dean Arslan, is
di profil Dewan Komisaris pada bab Profil Perusahaan                                   available in the Board of Commissioners’s Profile in the
dalam Laporan Terintegrasi ini.                                                        Company Profile chapter of this Integrated Report.


Dodi Yasendri
Anggota
Member

                                                        Warga Negara Indonesia                                   Indonesian Citizens
Data Pribadi                                            Usia 64 tahun                                            64 years old
Personal Data                                           Kelahiran Jember, 21 April 1960                          Born in Jember, April 21, 1960
                                                        Berdomisili di Jakarta                                   Domiciled in Jakarta

                                                        Sarjana Teknik, Jurusan Mechanical Engineering dari Institut Teknologi Sepuluh Nopember
Pendidikan                                              (1985)
Education                                               Bachelor of Engineering, Majoring in Mechanical Engineering from the Sepuluh Nopember
                                                        Institute of Technology (1985)

                                                        •    Executive Program Manager (2016-2019)
Pengalaman Kerja
                                                        •    Vice President Component Services (2015-2016)
Work Experience
                                                        •    Vice President Engineering Services (2013-2015)

Rangkap Jabatan                                         Tidak memiliki rangkap jabatan di dalam dan luar GMF.
Concurrent Position                                     No concurrent position within and outside of GMF.




                                                                                                                                                                         285
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       01
                                                 Edward Okky Avianto
                                                 Anggota
     02                                          Member

                                                                                                 Warga Negara Indonesia                         Indonesian Citizens
                                                 Data Pribadi                                    Usia 58 tahun                                  58 years old
    03                                           Personal Data                                   Kelahiran Bandung, 23 Oktober 1966             Born in Bandung, October 23, 1966
                                                                                                 Berdomisili di Tangerang Selatan               Domiciled in Tangerang Selatan

                                                 Pendidikan                                      Sarjana, Jurusan Administrasi Niaga dari Universitas Katolik Parahyangan (1993)
      04                                         Education                                       Bachelor of Commerce Administration from Parahyangan Catholic University (1993)

                                                                                                 •   Komisaris PT Garuda Daya Pratama Sejahtera (2021-2023)
                                                                                                 •   Commissioner of PT Garuda Daya Pratama Sejahtera (2021-2023)
     05                                          Pengalaman Kerja                                •   Direktur Keuangan PT Garuda Maintenance Facility Aero Asia Tbk (2018-2022)
                                                 Work Experience                                 •   Finance Director of PT Garuda Maintenance Facility Aero Asia Tbk (2018-2022)
                                                                                                 •   Direktur Keuangan & Investasi DPGA (2018)
                                                                                                 •   DPGA Finance & Investment Director (2018)
    06
                                                 Rangkap Jabatan                                 Tidak memiliki rangkap jabatan di dalam dan luar GMF.
                                                 Concurrent Position                             No concurrent position within and outside of GMF.



                                                INDEPENDENSI DAN RANGKAP                                                  INDEPENDENCY AND CONCURRENT
                                                JABATAN KOMITE AUDIT                                                      POSITION OF AUDIT COMMITTEE

                                                Anggota Komite Audit harus berasal dari pihak yang                        Audit Committee members must be independent, with a
                                                independen dan salah seorang anggotanya memiliki                          member being an expert in accounting and/or finance.
                                                keahlian dalam bidang akuntansi dan/atau keuangan                         This requirement is important to avoid conflicts of
                                                serta salah seorang anggotanya juga memahami                              interest in the decision-making process.
Tata Kelola Perusahaan - Corporate Governance




                                                industri/bisnis Perseroan. Persyaratan ini penting untuk
                                                menghindari adanya benturan kepentingan dalam proses
                                                pengambilan keputusan.


                                                                                                 Independensi Anggota Komite Audit
                                                                                              Indepedency of Audit Committee Members
                                                                                                                                                                              Edward
                                                                   Kriteria Independensi                                Ali         Dean            Oki           Dodi
                                                                                                                                                                               Okky
                                                                   Independence Criteria                              Gunawan       Arsla          Yanuar       Yasendri
                                                                                                                                                                              Avianto
                                                 Bukan Anggota Manajemen                                              Terpenuhi    Terpenuhi       Terpenuhi    Terpenuhi     Terpenuhi
                                                 Not a Management Member                                               Fulfilled    Fulfilled       Fulfilled    Fulfilled     Fulfilled

                                                 Bebas dari hubungan usaha dan hubungan lainnya yang dapat
                                                 mempengaruhi keputusan                                               Terpenuhi    Terpenuhi       Terpenuhi    Terpenuhi     Terpenuhi
                                                 Free from business relationships and others that can influence        Fulfilled    Fulfilled       Fulfilled    Fulfilled     Fulfilled
                                                 decisions

                                                 Bukan pemegang saham mayoritas perusahaan atau pegawai
                                                 yang berhubungan langsung dengan pemegang saham mayoritas
                                                                                                                      Terpenuhi    Terpenuhi       Terpenuhi    Terpenuhi     Terpenuhi
                                                 Perseroan
                                                                                                                       Fulfilled    Fulfilled       Fulfilled    Fulfilled     Fulfilled
                                                 Not the majority shareholder of the company or employees
                                                 who deal directly with the majority shareholder of the Company

                                                 Bukan pegawai atau pernah bekerja sebagai eksekutif pada
                                                 Perseroan atau anggota perusahaan afiliasi, setidaknya 3 (tiga)
                                                 tahun sebelum menjadi anggota Komite                                 Terpenuhi    Terpenuhi       Terpenuhi    Terpenuhi     Terpenuhi
                                                 Not an employee or has worked as an executive in a company            Fulfilled    Fulfilled       Fulfilled    Fulfilled     Fulfilled
                                                 or a member of an affiliated company, at least 3 (three) years
                                                 before becoming a member of the Committee

                                                 Bukan penasihat atau konsultan utama profesional yang material
                                                 bagi Perseroan atau perusahaan afiliasi, atau pegawai yang
                                                 berhubungan langsung dengan penyedia jasa, setidaknya 3
                                                 (tiga) tahun sebelum menjadi anggota Komite                          Terpenuhi    Terpenuhi       Terpenuhi    Terpenuhi     Terpenuhi
                                                 Not a professional advisor or principal consultant for the Company    Fulfilled    Fulfilled       Fulfilled    Fulfilled     Fulfilled
                                                 or affiliated company, or employees who deal directly with the
                                                 service provider, at least 3 (three) years before becoming a
                                                 member of the Committee




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                                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                                Independensi Anggota Komite Audit
                                             Indepedency of Audit Committee Members
                                                                                                                         Edward
                   Kriteria Independensi                               Ali         Dean         Oki           Dodi
                                                                                                                          Okky
                   Independence Criteria                             Gunawan       Arsla       Yanuar       Yasendri
                                                                                                                         Avianto
 Bukan pemasok atau pelanggan utama dari Perseroan atau afiliasi
 atau pegawai dari/atau yang berhubungan langsung atau tidak
 langsung dengan pemasok atau pelanggan utama                        Terpenuhi    Terpenuhi    Terpenuhi    Terpenuhi    Terpenuhi
 Not a supplier or main customer of the Company or its affiliation    Fulfilled    Fulfilled    Fulfilled    Fulfilled    Fulfilled
 or employee of/or who has direct or indirect contact with the
 main supplier or customer

 Tidak memiliki hubungan perjanjian dengan Perseroan atau
 perusahaan afiliasi lainnya sebagai Direksi                         Terpenuhi    Terpenuhi    Terpenuhi    Terpenuhi    Terpenuhi
 Has no agreement relationship with the Company or other              Fulfilled    Fulfilled    Fulfilled    Fulfilled    Fulfilled
 affiliated companies as Directors




                                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
PEDOMAN KERJA: PIAGAM KOMITE                                             WORK GUIDELINES: AUDIT COMMITTEE
AUDIT                                                                    CHARTER

Dalam menjalankan tugasnya, Komite Audit telah                           Audit Committee works according to the working
dilengkapi dengan pedoman kerja yang ditetapkan                          guidelines in the Audit Committee Charter. Following
melalui Piagam Komite Audit. Sehubungan dengan                           the change in the committee nomenclature as well
perubahan nomenklatur komite serta penyesuaian                           as adjustments to the prevailing regulations and the
terhadap ketentuan yang berlaku dan kebutuhan                            Company’s needs, the Board of Commissioners updated
Perseroan, Dewan Komisaris telah melakukan penetapan                     and enacted the Audit Committee Charter in 2025
dan pemutakhiran Piagam Komite Audit pada tahun 2025                     pursuant to the Board of Commissioners’ Decree No.
berdasarkan Surat Keputusan Dewan Komisaris Nomor                        DEKOM-GMF/SKEP/5007/25 dated 17 November 2025
DEKOM-GMF/SKEP/5007/25 tanggal 17 November 2025                          regarding the Stipulation of the Board Committees
tentang Penetapan Piagam Komite Dewan Komisaris                          Charter and the Nomination Guidelines for the Board
serta Pedoman Nominasi Direksi dan Dewan Komisaris                       of Directors and the Board of Commissioners for 2025.
Tahun 2025.

Piagam Komite Audit tersebut menjadi pedoman bagi                        The Audit Committee Charter serves as a guideline
Komite Audit dalam melaksanakan tugas dan tanggung                       for the Audit Committee in performing its duties and
jawabnya untuk membantu Dewan Komisaris dalam                            responsibilities to assist the Board of Commissioners in
menjalankan fungsi pengawasan. Piagam dimaksud                           carrying out its supervisory function. The Charter sets
antara lain mengatur mengenai latar belakang; visi                       out, among others, the background; vision and mission;
dan misi; maksud dan tujuan; keanggotaan; struktur                       purpose and objectives; membership; organizational
organisasi, tugas, tanggung jawab dan wewenang;                          structure, duties, responsibilities and authorities; work
prosedur dan tata cara kerja; kebijakan rapat; pelaporan;                procedures; meetings; reporting and complaint handling;
penanganan pengaduan; program pengembangan;                              development program; confidentiality; and closing
kerahasiaan; serta ketentuan penutup.                                    provisions.

TUGAS DAN TANGGUNG JAWAB                                                 DUTIES AND RESPONSIBILITIES

Tugas dan tanggung jawab Komite Audit sesuai Piagam                      Duties and Responsibilities of Audit Committee according
Komite Audit yaitu:                                                      to Audit Committee Charter are as follows:
1. Melakukan telaah atas efektivitas sistem pengendalian                 1. Reviewing the effectiveness of the internal control
   intern dan efektivitas pelaksanaan tugas eksternal                        system and the effectiveness of the performance
   auditor dan internal auditor;                                             of external auditors and internal auditors;
2. Melakukan telaah dan memantau proses audit dan                        2. Reviewing and monitoring the audit process and the
   proses pelaporan keuangan Perseroan;                                      Company’s financial reporting process;
3. Memberikan rekomendasi kepada Dewan Komisaris                         3. Provide recommendations to the Board of
   mengenai penunjukan auditor eksternal,                                    Commissioners regarding the appointment of an
                                                                             external auditor;
4. Melakukan penelaahan atas informasi keuangan                          4. Reviewing financial information that will be issued,
   yang akan dikeluarkan antara lain laporan keuangan,                       including financial statements, projections and other
   proyeksi dan informasi keuangan lainnya;                                  financial information;
5. Memantau kepatuhan perusahaan pada peraturan                          5. Monitor company compliance with rules and
   dan regulasi terkait dengan usaha Perseroan;                              regulations related to the Company’s business;


                                                                                                                                      287
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       01

                                                6. Menelaah dan memberikan rekomendasi kepada                6. Reviewing and providing recommendations to the
     02                                            Dewan Komisaris terkait dengan adanya potensi                Board of Commissioners related to potential conflicts
                                                   benturan kepentingan;                                        of interest;
                                                7. Menyusun dan memutakhirkan Piagam Komite Audit            7. Develop and update the Audit Committee Charter in
    03                                             sesuai dengan perkembangan bisnis dan kebutuhan              accordance with business development and the needs
                                                   Perseroan;                                                   of the Company;
                                                8. Mengadakan rapat secara berkala dengan auditor            8. Holding regular meetings with internal and external
                                                   internal dan eksternal untuk membahas hasil evaluasi         auditors to discuss the evaluation results and audit
      04
                                                   dan hasil audit atas pengendalian internal serta             results on internal control and the quality of financial
                                                   kualitas laporan keuangan,                                   statements;
                                                9. Melaksanakan tugas-tugas lain yang diberikan oleh         9. Carry out other tasks assigned by the Board of
     05                                            Dewan Komisaris, khususnya dalam bidang yang                 Commissioners, particularly in the fields related to
                                                   terkait dengan akuntansi dan keuangan, penerapan             accounting and finance, governance implementation,
                                                   tata kelola, serta kewajiban lain sesuai regulasi            and other obligations in accordance with relevant
    06                                             terkait.                                                     regulations.

                                                RAPAT KOMITE AUDIT                                           AUDIT COMMITTEE MEETING

                                                Kebijakan rapat Komite Audit mengacu pada Piagam             The meeting policy of the Audit Committee refers to the
                                                Komite Audit yang mengatur rapat dilakukan sekali            Audit Committee Charter, which stipulates that meetings
                                                setiap triwulan. Keputusan rapat diambil berdasarkan         are to be held once every quarter. Meeting resolutions
                                                musyawarah mufakat. Jalannya rapat, perbedaan                are made based on deliberation and consensus. The
                                                pendapat (dissenting opinion) dan keputusan                  proceedings of the meetings, any differences of opinion
                                                yang diambil dalam rapat Komite wajib dicatat dan            (dissenting opinions), and the resolutions adopted must be
                                                didokumentasikan dengan baik dalam risalah rapat.            properly recorded and documented in the meeting minutes.
Tata Kelola Perusahaan - Corporate Governance




                                                Risalah rapat tersebut ditandatangani oleh Ketua dan         The minutes of the meetings are signed by the Chairman
                                                Anggota Komite serta didistribusikan kepada Ketua            and Members of the Committee and distributed to the
                                                Komite, Sekretaris Dewan Komisaris dan peserta rapat.        Chairman of the Committee, the Secretary of the Board
                                                                                                             of Commissioners, and meeting participants.

                                                Pada tahun 2025, Komite Audit melakukan rapat                In 2025, the Audit Committee held a total of 8 meetings.
                                                sebanyak 8 kali rapat. Berikut informasi mengenai risalah    The following is information regarding the minutes and
                                                dan rekapitulasi kehadiran rapat-rapat Komite Audit.         attendance of the Audit Committee meetings.


                                                                              Rekapitulasi Kehadiran Komite Audit pada Rapat
                                                                       Recapitulation of the Presence of Audit Committee at the Meeting
                                                                                  Jumlah Wajib Rapat
                                                  Anggota Komite Audit                                       Jumlah Kehadiran                Kehadiran
                                                                                 Number of Mandatory
                                                 Audit Committee Members                                    Number of Presence               Presence
                                                                                       Meeting
                                                 Ali Gunawan
                                                                                                        2                         2                       100%
                                                 Ketua
                                                 Chairman

                                                 Dean Arslan
                                                                                                        6                         6                       100%
                                                 Ketua
                                                 Chairman

                                                 Dodi Yasendri
                                                                                                        8                         8                       100%
                                                 Anggota
                                                 Member

                                                 Edward Okky Avianto
                                                                                                        6                         6
                                                 Anggota                                                                                                  100%
                                                 Member

                                                 Oki Yanuar
                                                                                                        6                         6
                                                 Anggota                                                                                                  100%
                                                 Member

                                                Rata-rata
                                                                                                                                                         100%
                                                Average




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                                             Risalah Rapat Komite Audit
                                         Minutes of Audit Committee Meeting
                                                                                                     Alasan
       Tanggal                             Agenda Rapat                         Kehadiran
                                                                                                 Ketidakhadiran
        Date                              Meeting Agenda                        Presence
                                                                                               Reasons for Absence
20 Maret 2025          Closing Meeting LK Audited 2024
                                                                                   100%                  -
March 20, 2025         Closing Meeting Audited FS for 2024

16 April 2025          Update Internal Audit
                                                                                   100%                  -
April 16, 2025         Internal Audit Update

17 Juli 2025           Rapat Pemantauan Progres Audit SPI Q2
                                                                                   100%                  -
July 17, 2025          Q2 SPI Audit Progress Monitoring Meeting

                       Pembahasan Evaluasi Kebijakan Pengadaan dan Kebijakan
30 Juli 2025           Manajemen Risiko
                                                                                   100%                  -
July 30, 2025          Discussion on Procurement Policy Evaluation and Risk




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                       Management Policy

25 September 2025      Pembahasan Kajian KSO dengan BIJB
                                                                                   100%                  -
September 25, 2025     Discussion on KSO Review with BIJB

6 Oktober 2025         Pembahasan Kajian KSO dengan BIJB
                                                                                   100%                  -
October 6, 2025        Discussion on KSO Review with BIJB

4 November 2025        Rapat Pemantauan Progres Audit SPI Q3
                                                                                   100%                  -
November 4, 2025       Q3 SPI Audit Progress Monitoring Meeting

5 Desember 2025        Audit Plan 2026
                                                                                   100%                  -
December 5, 2025       2026 Audit Plan



KEBIJAKAN REMUNERASI                                          REMUNERATION POLICY

Remunerasi anggota Komite Audit ditetapkan oleh Dewan         The remuneration of Audit Committee members was
Komisaris. Ketentuan pemberian honorarium untuk               determined by the Board of Commissioners. The
Anggota Komite Dewan Komisaris diatur berdasarkan             honorarium for members of the Board of Commissioners’
ketentuan berikut:                                            Committee are regulated based on the following:
1. Honorarium setiap bulannya;                                1. Monthly honorarium;
2. Fasilitas kesehatan berupa rawat inap, rawat jalan,        2. Health facilities including inpatient care, outpatient
   dan obat-obatan bagi yang bersangkutan, tidak                 care, and medication for the individual, excluding
   termasuk keluarga;                                            family members;
3. Tunjangan hari raya yang dibayarkan sekali dalam 1         3. Holiday allowance paid once a year, equivalent to
   tahun sebesar 1 kali honorarium;                              one month of honorarium;
4. Anggota Dewan Komisaris yang menjadi ketua                 4. Members of the Board of Commissioners who serve
   atau anggota Komite tidak diberikan penghasilan               as Chair or members of a Committee do not receive
   tambahan dari jabatan tersebut selain Penghasilan             additional income from that position other than their
   sebagai anggota Dewan Komisaris Perseroan; dan                remuneration as members of the Company’s Board
                                                                 of Commissioners; and
5. Fasilitas kesehatan tidak diberikan jika Anggota           5. Health facilities are not provided if the Committee
   Komite Dewan Komisaris berstatus sebagai pegawai              Member of the Board of Commissioners holds
   Garuda Indonesia Group.                                       employee status within the Garuda Indonesia Group.

PENGEMBANGAN KOMPETENSI                                       COMPETENCY DEVELOPMENT FOR
KOMITE AUDIT                                                  AUDIT COMMITTEE

Komite Audit memiliki ketentuan yang termuat di Piagam        The Audit Committee has provisions set out in the Audit
Komite Komite Audit terkait peningkatan kompetensi            Committee Committee Charter regarding the continuous
secara berkesinambungan untuk anggota, khususnya              enhancement of members’ competencies, particularly
untuk menyeleraskan dengan perkembangan usaha dan             to ensure alignment with business developments and
kondisi Perseroan.                                            the Company’s conditions.

Informasi mengenai daftar kegiatan pelatihan dan              Information on the list of training and competency
peningkatan kompetensi yang diikuti Komite Audit              development programs of Audit Committee in 2025
sepanjang tahun 2025 dapat dilihat pada Laporan               is available in the Sustainability Report within this
Keberlanjutan dalam Laporan Terintegrasi ini.                 Integrated Report.


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       01

                                                PENCAPAIAN KOMITE AUDIT                                                ACHIEVEMENT OF AUDIT COMMITTEE
     02
                                                Pencapaian Rencana Kerja Komite Audit tahun 2025                       The achievement of Audit Committee 2025 Work Plan
                                                disampaikan sebagai berikut:                                           is as follows:
    03
                                                                                    Rencana Kerja Komite Audit 2025                                              Realisasi
                                                 No.
                                                                                     Audit Committee 2025 Work Plan                                             Realization
      04                                               Komite Audit
                                                  A.
                                                       Audit Committee

                                                       Membuat Program Kerja Tahunan Komite Audit
     05                                           1.                                                                                                               100%
                                                       Making the Annual Work Program of Audit Committee

                                                       Menyusun Piagam Komite Audit serta memutakhirkannya dari waktu ke waktu sesuai dengan
                                                       perkembangan bisnis dan kebutuhan Perseroan
                                                  2.                                                                                                               100%
    06                                                 Prepare the Audit Committee Charter and update it from time to time in accordance with business
                                                       development and the Company needs

                                                       Membuat laporan berkala Triwulanan dan Tahunan kepada Dewan Komisaris, yangminimal memuat
                                                       perbandingan realisasi kegiatan dengan program kerja tahunan serta substansi hasil kegiatan dan
                                                       rekomendasinya yang diungkapkan dalam Laporan Tahunan Perseroan
                                                  3.                                                                                                               100%
                                                       Make quarterly and annual reports to the Board of Commissioners, which at least contains a
                                                       comparison of the realization of activities with the annual work program as well as the substance
                                                       of the results of its activities and recommendations disclosed in the Company’s Annual Report

                                                       Membuat laporan khusus kepada Dewan Komisaris yang berisi laporan setiap temuan yang
                                                       diperkirakan dapat mengganggu efektivitas Perseroan
                                                  4.                                                                                                               100%
                                                       Make a special report to the Board of Commissioners that contains reports of any findings that are
                                                       expected to interfere with the Company’s effectiveness

                                                       Audit
Tata Kelola Perusahaan - Corporate Governance




                                                  B.
                                                       Audit

                                                       Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan kepada publik
                                                       dan/atau pihak otoritas antara lain laporan keuangan, proyeksi, dan laporan lainnya terkait dengan
                                                       informasi keuangan Perseroan
                                                  1.                                                                                                               100%
                                                       Reviewing the financial information to be released by the Company to the public and/or authorities,
                                                       including financial statements, projections and other reports related to the Company’s financial
                                                       information

                                                       Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan
                                                       dengan kegiatan Perusahaan, Anggaran Dasar, dan perjanjian dengan pihak ketiga
                                                  2.                                                                                                               100%
                                                       Reviewing compliance with laws and regulations relating to Company activities, Articles of
                                                       Association, and agreements with third parties

                                                       Memberikan pendapat independen dalam hal terjadi perbedaan pendapat antara manajemen dan
                                                       akuntan atas jasa yang diberikannya
                                                  3.                                                                                                               N/A
                                                       Providing Independent opinions in the event of differences of opinion between Management and
                                                       the Accountant regarding the services provided

                                                       Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukan Akuntan yang didasarkan
                                                       pada independensi, ruang lingkup penugasan, dan imbalan jasa
                                                  4.                                                                                                               100%
                                                       Provide recommendations to the Board of Commissioners regarding the appointment of an accountant
                                                       based on independence, the scope of the assignment, and compensation for services

                                                       Melakukan pemeriksaan oleh auditor internal dan auditor eksternal serta mengawasi pelaksanaan
                                                       tindak lanjut oleh penelaahan atas pelaksanaan Direksi atas temuan auditor internal dan auditor
                                                       eksternal
                                                  5.                                                                                                               100%
                                                       Conduct audits by internal auditors and external auditors and oversee the implementation of
                                                       follow-up by a review of the implementation of the Board of Directors on the findings of internal
                                                       auditors and external auditors

                                                       Melakukan penelaahan atas efektivitas sistem pengendalian intern dan efektivitas pelaksanaan
                                                       tugas auditor internal dan auditor eksternal.
                                                  6.                                                                                                               100%
                                                       Reviewing the effectiveness of the internal control system and the effectiveness of the implementation
                                                       of internal auditor and external auditor tasks

                                                       Menelaah pengaduan yang berkaitan dengan proses akuntansi dan pelaporan keuangan Perseroan
                                                  7.                                                                                                               N/A
                                                       Examining complaints relating to the Company’s accounting and financial reporting processes

                                                       Menelaah dan memberikan saran kepada Dewan Komisaris terkait dengan adanya potensi benturan
                                                       kepentingan Emiten atau Perusahaan Publik
                                                  8.                                                                                                               N/A
                                                       Analyzing and giving advice to the Board of Commissioners related to the potential conflict of
                                                       interests of Issuers or Public Companies




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                                    Rencana Kerja Komite Audit 2025                                            Realisasi
 No.
                                     Audit Committee 2025 Work Plan                                           Realization
        Tata Kelola Perusahaan yang Baik
  C.
        Good Corporate Governance

        Meninjau dan melakukan telaah atas penerapan prinsip-prinsip dan persyaratan-persyaratan
        Tata Kelola yang berlaku di Perseroan serta memastikan bahwa prinsip-prinsip dan persyaratan-
        persyaratan tersebut masih relevan serta telah dilaksanakan sepenuhnya di Perseroan
  1.                                                                                                             100%
        Review and evaluate the application of the principles and requirements of Governance that apply
        in the Company and ensure that the principles and requirements are still relevant and have been
        fully implemented in the Company

        Memantau dan melakukan telaah atas penerapan prinsip-prinsip tata kelola perusahaan yang baik
        dalam pengelolaan dan pengurusan Perseroan, memastikan dilakukannya penilaian/assessment dan
        evaluasi/self-assessment atas implementasi tata kelola perusahaan yang baik dan memastikannya
        tindak lanjut atas rekomendasi perbaikan hasil assessment atau self-assessment tahun sebelumnya
  2.                                                                                                             100%
        Monitor and review the application of the principles of good corporate governance in the management




                                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
        and management of the Company, ensure the assessment/evaluation and self-assessment of the
        implementation of good corporate governance and ensure follow-up on recommendations for
        improving the results of the assessment or self- assessment of the previous year

        Lainnya
  D.
        Others

        Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam lingkup
        tugas dan kewajiban Dewan Komisaris berdasarkan Anggaran Dasar dan Keputusan Rapat Umum
        Pemegang Saham (RUPS) serta ketentuan perundang-undangan yang berlaku
  1.    Carry out other tasks given by the Board of Commissioners as long as they are within the scope           100%
        of the duties and obligations of the Board of Commissioners based on the Articles of Association
        and the Resolution of the General Meeting of Shareholders (GMS) as well as the provisions of the
        applicable legislation

        Melakukan self-assessment terhadap kinerja masing-masing anggota Komite Audit
  2.                                                                                                             100%
        Conduct Self-Assessment on the performance of each Audit Committee member



LAPORAN PELAKSANAAN TUGAS                                              REPORT OF DUTIES

Selama tahun 2025, Komite Audit telah melaksanakan                    In 2025, Audit Committee had done various works
berbagai kegiatan dalam rangka melaksanakan tugas                     according to its duties and responsibilities, which among
dan tanggung jawab, di antaranya meliputi:                            others as follows:
1. Memberikan usulan penunjukan perusahaan                            1. Proposed the appointment of a rating agency to
   pemeringkat untuk penilaian tingkat kesehatan                          assess the Company’s health level for the 2024
   Perseroan tahun buku 2024.                                             financial year.
2. Menelaah proses penunjukan Kantor Akuntan Publik                   2. Reviewed the process for appointing a Public
   untuk audit laporan keuangan tahun buku 2025.                          Accounting Firm to audit the 2025 financial statements.
3. Memberikan rekomendasi atas penunjukan Akuntan                     3. Provided recommendations on the appointment of
   Publik dan/atau Kantor Akuntan Publik untuk tahun                      a Public Accountant and/or Public Accounting Firm
   buku 2025.                                                             for the 2025 financial year.
4. Melakukan evaluasi atas pelaksanaan jasa audit atas                4. Evaluated the implementation of audit services
   informasi keuangan historis tahun buku 2024.                           on the historical financial information for the 2024
                                                                          financial year.
5. Menelaah draft Laporan Terintegrasi GMF Tahun                      5. Reviewed the draft of GMF’s 2024 Integrated Report
    2024 dan memberikan masukan atas akurasi serta                        and provided input on the accuracy and consistency
    konsistensi pengungkapannya.                                          of its disclosures.
6. Melaksanakan pemantauan progres audit Satuan                       6. Monitored the progress of audits conducted by the
    Pengawasan Intern (SPI).                                              Internal Audit Unit (SPI).
7. Melakukan telaah atas kinerja Perseroan tahun 2025.                7. Reviewed the Company’s performance in 2025.
8. Melakukan telaah atas rencana Kerja Sama                           8. Reviewed the Company’s proposed Operational
    Operasi (KSO) Perseroan dengan PT BIJB dalam                          Cooperation (KSO) with PT BIJB in the development
    pengembangan Aerospace Park Kertajati.                                of the Kertajati Aerospace Park.
9. Melakukan kajian atas RKAP 2026 dan RJPP,                          9. Reviewed the 2026 RKAP and RJPP, particularly with
    khususnya terkait asumsi pendapatan, efisiensi                        respect to revenue assumptions, cost efficiency, and
    biaya, dan biaya pendanaan.                                           financing costs.
10. Membahas Audit Plan Tahun 2026 bersama Internal                   10. Discussed the 2026 Audit Plan with Internal Audit,
    Audit, termasuk fokus audit prioritas dan penguatan                   including priority audit areas and the strengthening
    pengawasan berbasis risiko.                                           of risk-based oversight.


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                                                HASIL EVALUASI YANG DILAKUKAN                                 EVALUATION RESULTS BY AUDIT
     02                                         KOMITE AUDIT                                                  COMMITEE

                                                Komite Audit telah melakukan evaluasi terhadap                Audit Commitee has evaluated the audit activities
    03                                          beberapa aktivitas audit yang telah dilaksanakan              throughout 2025. The evaluation covers the internal
                                                Perseroan sepanjang tahun 2025. Evaluasi tersebut             and external audit activities. Audit Commitee has also
                                                mencakup aktivitas audit eksternal dan audit internal.        evaluated the implementation of GCG at GMF throughout
                                                Komite Audit juga telah mengevaluasi terhadap                 2025.
      04
                                                penerapan GCG di GMF sepanjang tahun 2025.

                                                Evaluasi atas Kinerja Auditor Eksternal                       External Auditor’s Performance Evaluation
     05                                         Komite Audit telah mengevaluasi kinerja auditor eksternal     Audit Committee has evaluated the external auditor’s
                                                Kantor Akuntan Publik melalui Laporan Hasil Evaluasi          performance by the Public Accounting Firm through
                                                Terhadap Pelaksanaan Pemberian Jasa Audit Atas                the Evaluation Report on the Audit Services on Annual
    06                                          Informasi Keuangan Historis Tahunan Tahun Buku 2025.          Historical Financial Information for the 2025 Financial
                                                Berdasarkan hasil evaluasi, dapat disampaikan hal-hal         Year. Based on the evaluation, Audit Committee can
                                                sebagai berikut:                                              inform the following:
                                                • Audit telah dilaksanakan sesuai dengan Standar              • The audit was conducted in accordance with the
                                                    Profesional Akuntan Publik Indonesia.                         Indonesian Public Accountants’ Professional Standards.
                                                • Laporan Keuangan Konsolidasian Perseroan disajikan          • The Company’s Consolidated Financial Statements
                                                    berdasarkan Standar Akuntansi Keuangan di                     were presented based on Indonesian Financial
                                                    Indonesia.                                                    Accounting Standards.
                                                • Audit dilakukan dalam rentang waktu November                • The audit was carried out from November 2025 to
                                                    2025 hingga Maret 2026.                                       March 2026.
                                                • Komite Audit menilai waktu ini cukup untuk                  • Audit Committee considers this timeframe sufficient
Tata Kelola Perusahaan - Corporate Governance




                                                    menyelesaikan audit sesuai ruang lingkup yang telah           to complete the audit in accordance with the agreed-
                                                    disepakati dengan manajemen.                                  upon scope with management.
                                                • Audit mencakup Laporan Keuangan Konsolidasian               • The audit covered the Consolidated Financial
                                                    dan Atestasi atas Laporan Kegiatan Penerapan                  Statements and the attestation of the Prudential
                                                    Prinsip Kehati-hatian (KPPK).                                 Principles Implementation Activity Report (KPPK).
                                                • Uji petik yang dilakukan dinilai telah memadai.             • The sampling procedures conducted were deemed
                                                                                                                  adequate.
                                                •   KAP memberikan rekomendasi untuk meningkatkan             • KAP provided recommendations to improve the quality
                                                    kualitas penyajian laporan keuangan dan efektivitas           of financial reporting and the effectiveness of internal
                                                    pengendalian internal.                                        control.
                                                •   Komite Audit menilai KAP bekerja secara profesional,      • Audit Committee assessed that the KAP worked
                                                    independen, obyektif, serta terbuka dalam diskusi             professionally, independently, objectively, and was
                                                    terkait audit.                                                transparent in discussions related to the audit.

                                                Evaluasi atas Pelaksanaan Audit Internal                      Internal Auditor’s Activity Evaluation
                                                Penilaian atas efektivitas pelaksanaan audit internal telah   Audit Committee has evaluated the internal audit
                                                dilakukan Komite Audit melalui penelaahan Laporan Hasil       activities through the Audit Report in the Minutes of
                                                Audit yang tertera pada Risalah Rapat Komite Audit.           Audit Committee’s Meetings. The Internal Audit had been
                                                Audit internal telah dilakukan sesuai dengan rencana          done according to the annual audit plan.
                                                audit tahunan.

                                                Komite Audit juga telah melakukan telaah atas temuan          Audit Committee has also assessed the findings of the
                                                Auditor Internal terhadap Laporan Hasil Audit (LHA).          Internal Auditor against the Audit Report (LHA). Audit
                                                Komite Audit juga telah menindaklanjuti temuan auditor        Committee had followed up the findings and encouraged
                                                dan mengarahkan untuk melaksanakan setiap kegiatan            to perform a more efficient audit based on the latest
                                                audit secara lebih efisien dan sesuai dengan prinsip-         accounting principles.
                                                prinsip akuntansi yang berlaku.




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Evaluasi atas Penerapan GCG                               Evaluation of GCG Implementation
Komite Audit telah melakukan penilaian atas efektivitas   Audit Committee has assessed the effectiveness
penerapan GCG dan menilai bahwa implementasinya           of GCG implementation and determined that it has
menunjukkan kemajuan yang signifikan dibandingkan         shown significant progress compared to the previous
tahun sebelumnya. Pemenuhan Area of Improvement           year. The fulfillment of the Areas of Improvement (AoI)
(AoI) yang direkomendasikan dalam GCG Assessment          recommended in the 2023 GCG Assessment has been
2024 telah dilaksanakan secara bertahap, dengan fokus     carried out gradually, with a primary focus on enhancing
utama pada peningkatan transparansi, akuntabilitas,       transparency, accountability, and regulatory compliance.
dan kepatuhan terhadap regulasi. Beberapa aspek           Several key aspects prioritized in strengthening GCG
yang menjadi prioritas dalam penguatan GCG meliputi       include the internal oversight mechanism, the fulfillment
mekanisme pengawasan internal, pemenuhan                  of documentation related to the General Meeting of
dokumentasi terkait RUPS, serta penyelarasan kebijakan    Shareholders (RUPS), and the alignment of internal
internal dengan regulasi yang berlaku. Meskipun telah     policies with applicable regulations. Despite the
terjadi perkembangan yang positif, Komite Audit           positive progress, Audit Committee notes that some




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
mencatat bahwa masih terdapat beberapa area yang          areas still require acceleration, particularly in policy
memerlukan percepatan, terutama dalam hal harmonisasi     harmonization, digitalization, and risk oversight. Overall,
kebijakan, digitalisasi, dan pengawasan risiko. Secara    Audit Committee assesses that the steps taken by GMF
keseluruhan, Komite Audit menilai bahwa langkah-          are on the right track in implementing GCG; however,
langkah yang diambil GMF sudah berada pada jalur yang     further reinforcement is needed to ensure the overall
tepat dalam penerapan GCG, namun tetap diperlukan         effectiveness of its implementation.
penguatan lebih lanjut untuk memastikan efektivitas
implementasi secara menyeluruh.




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       01

                                                Komite Nominasi dan Remunerasi
     02
                                                Nomination and Remuneration Committee

    03


      04
                                                Komite Nominasi dan Remunerasi (KNR) merupakan            The Nomination and Remuneration Committee (NRC)
                                                organ pendukung Dewan Komisaris yang bertanggung          is the Board of Commissioners’ supporting body
     05                                         jawab memantau proses pencalonan kandidat anggota         responsible for monitoring the appointment process of
                                                Dewan Komisaris, Direksi, dan pejabat Perseroan           the candidates for the Board of Commissioners, Board
                                                di bawah Direksi. KNR juga bertanggung jawab              of Directors, and executive officers under the Board
    06                                          mengevaluasi kinerja Dewan Komisaris dan Direksi          of Directors. NRC also responsible for evaluating the
                                                sebagai pertimbangan bagi RUPS saat menentukan            performance of the Board of Commissioners and Board
                                                remunerasi Dewan Komisaris dan Direksi.                   of Directors as a consideration for the GMS to determine
                                                                                                          the remuneration for the Board.

                                                KUALIFIKASI ANGGOTA                                       QUALIFICATIONS

                                                Dewan Komisaris memiliki wewenang penuh untuk             The Board of Commissioners has full authority to appoint
                                                mengangkat dan memberhentikan anggota KNR, yang           and dismiss members of NRC. The appointment and
                                                berada di bawah garis koordinasi Dewan Komisaris.         dismissal of NRC members are based on the Board of
                                                Pengangkatan dan pemberhentian anggota KNR                Commissioners’ Decree.
Tata Kelola Perusahaan - Corporate Governance




                                                dilakukan berdasarkan Surat Keputusan yang dikeluarkan
                                                oleh Dewan Komisaris GMF.

                                                MASA JABATAN                                              TERM OF OFFICE

                                                KNR memiliki masa jabatan 3 (tiga) tahun terhitung        The working period of NRC is 3 (three) years starting
                                                sejak Surat Keputusan yang mengangkatnya dan              from the Decree, which appointed the members and
                                                dapat diperpanjang satu kali selama 2 (dua) tahun         can be extended once for another 2 (two) years. The
                                                masa jabatan. Dewan Komisaris memiliki hak untuk          Board of Commissioners is entitled at any time to dismiss
                                                memberhentikan anggota komite sewaktu-waktu sesuai        a member of the committee according to applicable
                                                dengan ketentuan yang berlaku.                            regulations.

                                                Terkait Anggota yang merupakan Anggota Dewan              Regarding Members who are also Members of the Board
                                                Komisaris, masa jabatan mereka sesuai dengan masa         of Commisisoners, their term of office is in accordance
                                                jabatan sebagai Komisaris.                                with their term as Commissioners.

                                                KOMPOSISI ANGGOTA KNR                                     COMPOSITION OF NRC MEMBERS

                                                Komposisi anggota KNR per 31 Desember 2025                As of December 31, 2025, the NRC’s members consists
                                                beranggotakan tiga orang yang semuanya merupakan          of three people, all of whom are Commissioners of the
                                                Dewan Komisaris Perseroan. Ketua Komite dijabat oleh      Company. The Chairman of the Committee is Mr. Dean
                                                Bapak Dean Arslan dan Komisaris lainnya menjabat          Arslan and the other Commissioners serving as members
                                                sebagai anggota adalah Bapak Oki Yanuar dan Bapak         are Mr. Oki Yanuar and Mr. Giring Ganesha Djumaryo. The
                                                Giring Ganesha Djumaryo. Profil Ketua dan Anggota KNR,    profile of the Chairman and Members of the NRC can be
                                                dapat dilihat di profil Dewan Komisaris pada bab Profil   found in the profile of the Board of Commissioners in the
                                                Perusahaan dalam Laporan Terintegrasi ini.                Company Profile chapter of this Integrated Report.

                                                INDEPENDENSI DAN RANGKAP                                  INDEPENDENCE AND CONCURRENT
                                                JABATAN KNR                                               POSITION OF NRC

                                                Mengingat bahwa anggota KNR merupakan anggota             Considering that the members of NRC are the
                                                Dewan Komisaris, maka pengungkapan informasi              Commissioners, the disclosure of information concerning
                                                mengenai independensi dan rangkap jabatan anggota         their independence and concurrent position is available
                                                KNR dapat dilihat pada pembahasan mengenai Dewan          in the earlier discussion regarding the Board of
                                                Komisaris sebelumnya.                                     Commissioners.


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PEDOMAN KERJA KNR                                                WORK GUIDELINES FOR NRC

KNR telah memiliki Piagam Komite Nominasi dan                    The Company has established a Nomination and
Remunerasi yang telah ditetapkan tanggal 02 Agustus              Remuneration Committee Charter dated August 2, 2023.
2023. Piagam KNR mengacu pada ketentuan yang                     The NRC Charter refers to applicable regulations and
berlaku dan best practices untuk membantu Dewan                  best practices to assist the Board of Commissioners in
Komisaris dalam meningkatkan sistem pengawasan                   enhancing a more effective oversight system. The NRC
secara lebih efektif. Piagam KNR senantiasa ditinjau             Charter is periodically reviewed. The latest version in use
ulang secara berkala. Versi terakhir dari Piagam                 is dated November 17, 2025, based on Decree DEKOM-
yang digunakan adalah per tanggal 17 November                    GMF/SKEP/5007/25 concerning the Establishment of the
2025 berdasarkan Surat Keputusan DEKOM-GMF/                      Board of Commissioners’ Committee Charter and the
SKEP/5007/25 perihal Penetapan Piagam Komite Dewan               Guidelines for the Nomination of the Board of Directors
Komisaris serta Pedoman Nominasii Direksi dan Dewan              and Board of Commissioners for 2025.
Komisaris Tahun 2025.




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Piagam KNR berisi tentang Latar Belakang; Visi dan               The NRC Charter includes Background; Vision and
Misi; Maksud dan Tujuan, Keanggotaan, Kedudukan,                 Mission; Purpose and Objectives; Membership,
Tugas, Tanggung Jawab, dan Wewenang; Prosedur                    Position, Duties, Responsibilities, and Authorities;
Kerja, Rapat, Pelaporan dan Penanganan Pengaduan;                Work Procedures, Meetings, Reporting, and Complaint
Program Pengembangan; Kerahasiaan; Penutup.                      Handling; Development Programs; Confidentiality; and
                                                                 Closing Provisions.

TUGAS DAN TANGGUNG JAWAB KNR                                     DUTIES AND RESPONSIBILITIES OF NRC

                                                                 The duties of NRC according to the charter are:
Tugas KNR sesuai dengan Piagam KNR, yaitu:                       1. Nomination Function
1. Fungsi Nominasi                                                  a. Provide recommendations to the Board of
   a. Memberikan rekomendasi kepada Dewan                              Commissioners regarding the composition of the
      Komisaris mengenai komposisi jabatan anggota                     position of members of the Board of Directors
      Direksi dan/atau anggota Dewan Komisaris,                        and/or members of the Board of Commissioners,
      kebajikan dan kriteria yang dibutuhkan dalam                     the virtues and criteria required in the Nomination
      proses Nominasi dan Kebijakan Evaluasi kinerja                   process and the Performance Evaluation Policy
      bagi anggota Direksi dan/atau anggota Dewan                      for members of the Board of Directors and/or
      Komisaris;                                                       members of the Board of Commissioners;
                                                                    b. Assist the Board of Commissioners in assessing
   b. Membantu Dewan Komisaris melakukan penilaian                     the performance of members of the Board of
      kinerja anggota Direksi dan/atau anggota Dewan                   Directors and/or members of the Board of
      Komisaris berdasarkan tolak ukur yang telah                      Commissioners based on the benchmarks that
      disusun sebagai bahan evaluasi;                                  have been prepared as evaluation material;
                                                                    c. Provide recommendations to the Board of
   c. Memberikan rekomendasi kepada Dewan                              Commissioners regarding the capacity building
      Komisaris mengenai program pengembangan                          programme for members of the Board of Directors
      kemampuan anggota Direksi dan/atau anggota                       and/or members of the Board of Commissioners;
      Dewan Komisaris;                                              d. Provide proposals for candidates who qualify as
   d. Memberikan usulan calon yang memenuhi syarat                     members of the Board of Directors and/or members
      sebagai anggota Direksi dan/atau anggota                         of the Board of Commissioners to the Board of
      Dewan Komisaris kepada Dewan Komisaris untuk                     Commissioners to be submitted to the GMS;
      disampaian kepada RUPS;                                       e. Ensuring that all Commissioners allocate
   e. M e m a s t i k a n b a h w a s e m u a Ko m i s a r i s         sufficient time to the Company to effectively
      mengalokasikan waktu yang cukup kepada                           carry out their responsibilities, including:
      korporasi agar dapat menjalankan tanggung
      jawab mereka secara efektif, di antaranya:                        •   In the appointment of the President
      • Dalam penunjukan komisaris utama, KNR                               Commissioner, the NRC prepares a job
          menyiapkan uraian spesifikasi pekerjaan,                          specification description, including time
          termasuk persyaratan komitmen waktu                               commitment requirements that also take
          yang juga mempertimbangkan kebutuhan                              into account the need for time commitment
          komitmen waktu pada saat krisis. Adanya                           during crisis situations. Any other significant
          komitmen signifikan lainnya di luar korporasi                     commitments outside the Company must be
          harus diungkapkan kepada dewan komisaris                          disclosed to the Board of Commissioners
          sebelum penunjukan dan diungkapkan dalam                          prior to the appointment and disclosed in the


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                                                           laporan tahunan. Perubahan komitmen harus                      annual report. Any changes in commitments
     02                                                    segera dilaporkan kepada dewan komisaris                       must be promptly reported to the Board of
                                                           dan dampaknya dijelaskan dalam laporan                         Commissioners and their impact explained
                                                           tahunan berikutnya;                                            in the subsequent annual report;
    03                                                                                                                • In the appointment of members of the Board
                                                       •  Dalam penunjukan anggota komisaris, KNR                         of Commissioners, the NRC establishes the
                                                          menetapkan syarat dan ketentuan penunjukan                      terms and conditions for such appointments.
                                                          anggota Komisaris. Syarat dan ketentuan                         These terms and conditions are available
      04
                                                          ini tersedia untuk dilakukan pemeriksaan.                       for review. The expected time commitment
                                                          Ko m i t m e n w a k t u ya n g d i h a r a p k a n             is stated in the appointment letter, and
                                                          dicantumkan dalam Surat penunjukan                              members of the Board of Commissioners
     05                                                   anggota Komisaris dan anggota Komisaris                         must have sufficient time to fulfill such
                                                          harus memiliki waktu yang cukup untuk                           commitment. Any ot her significant
                                                          memenuhi komitmen waktu yang diharapkan.                        commitments outside the Company must
    06                                                    Adanya komitmen signifikan lainnya di luar                      be disclosed to the Board of Commissioners
                                                          korporasi harus diungkapkan kepada Dewan                        prior to appointment, including an indication
                                                          Komisaris sebelum penunjukan, beserta                           of the required time commitment, and the
                                                          indikasi komitmen waktu yang diperlukan                         Board of Commissioners must be informed
                                                          dan dewan komisaris harus diberitahu jika                       of any changes to such commitments.
                                                          terdapat perubahan atas komitmen tersebut.               f. Conducting periodic reviews of the SOE Talent
                                                   f. Melakukan tinjauan secara berkala atas system                   Management system, as well as supervising and
                                                      Manajemen Talenta BUMN serta pengawasan                         evaluating its implementation;
                                                      dan evaluasi atas pelaksanaanya;                             g. Evaluating the system and procedures for talent
                                                   g. Melakukan evaluasi terhadap sistem dan                          classification carried out by the Company’s Board
                                                      prosedur pengklasifikasian Talenta yang                         of Directors;
Tata Kelola Perusahaan - Corporate Governance




                                                      dilakukan oleh Direksi Perseroan;                            h. Conducting validation and calibration of Selected
                                                   h. Melakukan validasi dan kalibrasi atas Talenta                   Talent to produce a list of Nominated Talent
                                                      Terseleksi (selected talent), untuk menghasilkan                to be nominated by the Company’s Board of
                                                      daftar Talenta Ternominasi (nominated talent)                   Commissioners to the GMS;
                                                      yang dinominasikan oleh Dewan Komisaris
                                                      Perseroan kepada RUPS;                                       i. Evaluating candidates representing the Company
                                                   i. Melakukan evaluasi terhadap calon wakil                         who will be proposed as members of the Board
                                                      Perseroan yang akan diusulkan sebagai anggota                   of Directors or Board of Commissioners of
                                                      Direksi atau anggota Dewan Komisaris Anak                       Subsidiaries, prior to submission to the GMS;
                                                      Perusahaan, sebelum diajukan kepada RUPS;                    j. Evaluating the proposed individual KPIs of
                                                   j. Melakukan evaluasi atas usulan KPI individu                     members of the Board of Directors of SOEs; and
                                                      anggota Direksi BUMN; dan                                    k. Preparing proposals for an individual performance
                                                   k. Menyiapkan usulan sistem evaluasi kinerja                       evaluation system for members of the Board
                                                      individu bagi anggota Direksi dan/atau anggota                  of Directors and/or members of the Board of
                                                      Dewan Komisaris/Dewan Pengawas BUMN.                            Commissioners/Supervisory Board of SOEs.
                                                                                                                2. Remuneration Function
                                                2. Fungsi Remunerasi                                               a. Provide recommendations to the Board of
                                                   a. Memberikan rekomendasi kepada Dewan                             Commissioners regarding the Remuneration
                                                      Komisaris mengenai struktur Remunerasi,                         structure, policy on remuneration and the amount
                                                      kebijakan atas remunerasi dan besaran atas                      of remuneration;
                                                      remunerasi;                                                  b. Assist the Board of Commissioners in assessing
                                                   b. Membantu Dewan Komisaris melakukan penilaian                    performance with the suitability of remuneration
                                                      kinerja dengan kesesuaian remunerasi yang                       received by each member of the Board of Directors
                                                      diterima masing-masing anggota Direksi dan/                     and/or members of the Board of Commissioners;
                                                      atau anggota Dewan Komisaris;                                c. In carrying out the Remuneration function, the
                                                   c. Dalam melaksanakan fungsi Remunerasi                            KNR must carry out procedures in accordance
                                                      KNR wajib melakukan prosedur sesuai                             with the Financial Services Authority Regulation
                                                      Peraturan Otoritas Jasa Keuangan Nomor:                         Number: 34/POJK.04/2014 concerning KNR of
                                                      34/POJK.04/2014 tentang KNR emiten atau                         issuers or Public Companies;
                                                      Perusahaan Publik;                                           d. The structure, policy and amount of remuneration
                                                   d. Struktur, kebijakan dan besaran remunerasi                      must be evaluated by KNR at least (one) time in
                                                      harus dievaluasi oleh KNR paling kurang (satu)                  1 (one) year.
                                                      kali dalam 1 (satu) tahun.                                3. Human Resources




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3. Sumber Daya Manusia                                       a. Prepare proposals for development programmes
   a. Menyiapkan usulan program pengembangan                    for members of the Board of Directors and/
      bagi anggota Direksi dan/atau anggota Dewan               or members of the Board of Commissioners/
      Komisaris/Dewan Pengawas BUMN;                            Supervisory Board of SOEs;
   b. Melakukan evaluasi atas usulan Direksi BUMN            b. Evaluate the proposal of the Board of Directors
      mengenai struktur organisasi BUMN;                        of SOEs regarding the organisational structure
                                                                of SOEs;
   c. Memastikan bahwa perusahaan telah memiliki             c. Ensure that the company has a transparent
       kebijakan pengelolaan dan pengembangan                   human resource management and development
       sumber daya manusia yang transparan;                     policy;
   d. Melakukan penelaahan dan pemantauan                    d. Reviewing and monitoring human resource
       praktek manajemen pengembangan sumber                    development management practices based
       daya manusia berdasarkan pedoman kebijakan               on corporate governance policy guidelines,
       tata kelola perusahaan, khususnya kebijakan              particularly management policies and standard




                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
       manajemen dan prosedur operasi standar                   operating procedures in the field of human
       dibidang pengembangan sumber daya manusia;               resource development;
   e. Menelaah dan memantau implementasi sistem              e. Review and monitor the implementation of the
       perencanaan sumber daya manusia, rekrutmen,              human resource planning, recruitment, selection
       seleksi dan penempatan karyawan;                         and placement system;
   f. Menelaan dan memantau hubungan kerja                   f. Maintaining and monitoring industrial labour
       industrial yang ada dilingkungan Perusahaan; dan         relations within the Company; and
   g. Memantau dan mengawasi pelaksanaan                     g. Monitor and supervise the implementation of
       program pengemangan sumber daya manusia                  human resource development programmes in the
       di Perusahaan, termasuk manajemen talenta                Company, including talent management to ensure
       untuk memastikan Perusahaan memiliki sumber              the Company has competent human resources
       daya manusia yang kompeten sesuai kebutuhan              according to the Company's needs.
       Perusahaan.
4. Menjaga kerahasiaan dokumen, data dan informasi        4. Maintain the confidentiality of company documents,
   perseoan.                                                 data and information.
5. Melakukan identifikasi hal-hal yang memerlukan         5. Identify matters that require the attention of the
   perhatian Dewan Komisaris Perseroan serta tugas-          Board of Commissioners of the Company and other
   tigas Dewan Komisaris Perseroan bersangkutan              relevant duties of the Board of Commissioners of
   lainnya.                                                  the Company.
6. Melaksanakan tugas lain yang diberikan oleh            6. Carry out other duties assigned by the Board of
   Dewan Komisaris berdasarkan ketentuan peraturan           Commissioners based on the provisions of the
   perundang-undangan yang berlaku.                          prevailing laws and regulations.

RAPAT KNR                                                 NRC MEETING

Mengingat bahwa setiap anggota KNR merupakan              Since the members of NRC also Commissioners, the
anggota Dewan Komisaris, maka mekanisme rapat KNR         meeting mechanism is held according to the internal
diadakan sesuai dengan rapat internal Dewan Komisaris.    meeting of the Board of Commissioners. Information
Informasi mengenai rapat KNR menjadi satu bagian tak      regarding the NRC meeting is inseparable from the
terpisah dari rapat internal Dewan Komisaris yang dapat   internal meeting of the Board of Commissioners, which
ditemukan di pembahasan sebelumnya.                       available in the previous discussion.

Secara khusus, agenda rapat mengenai remunerasi           In particular, meeting agenda regarding the remuneration
Direktur dan Komisaris dibahas pada tanggal 4 Juni        of both Directors and Commissioners was discussed
2025 saat rapat internal Dewan Komisaris dan seluruh      on June 4, 2025 during the Board of Commissioners’
anggota KNR hadir.                                        internal meeting and all members of KNR were present.

PENGEMBANGAN KOMPETENSI KNR                               COMPETENCY DEVELOPMENT FOR NRC

KNR memiliki ketentuan yang termuat di Piagam             The NRC has provisions set out in the NRC Committee
Komite KNR terkait peningkatan kompetensi secara          Charter regarding the continuous enhancement of
berkesinambungan untuk anggota, khususnya untuk           members’ competencies, particularly to ensure alignment
menyeleraskan dengan perkembangan usaha dan               with business developments and the Company’s
kondisi Perseroan.                                        conditions.




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                                                Informasi mengenai daftar kegiatan pelatihan dan          Information on the list of training and competency
     02                                         peningkatan kompetensi yang diikuti KNR sepanjang         development programs of NRC in 2025 is available in
                                                tahun 2025 dapat dilihat pada Laporan Keberlanjutan       the Sustainability Report within this Integrated Report.
                                                dalam Laporan Terintegrasi ini. Mengingat bahwa           Considering that the members of NRC are members
    03                                          anggota KNR adalah anggota Dewan Komisaris, maka          of the Board of Commissioners, hence information
                                                informasi pelatihan para Komisaris juga merupakan         regarding training of Commissioners also becomes the
                                                informasi pelatihan para anggota KNR.                     training of members of the NRC members.
      04
                                                KEBIJAKAN REMUNERASI                                      REMUNERATION POLICY

                                                Remunerasi anggota KNR ditetapkan oleh Dewan              The remuneration of NRC members was determined
     05                                         Komisaris. Ketentuan pemberian honorarium untuk           by the Board of Commissioners. The honorarium for
                                                Anggota Komite Dewan Komisaris diatur berdasarkan         members of the Board of Commissioners’ Committee
                                                ketentuan berikut:                                        are regulated based on the following:
    06                                          1. Honorarium setiap bulannya.                            1. Monthly honorarium.
                                                2. Fasilitas kesehatan berupa rawat inap, rawat jalan,    2. Health facilities in the form of inpatient care,
                                                   dan obat-obatan bagi yang bersangkutan, tidak              outpatient care, and medication for the individual
                                                   termasuk keluarga.                                         concerned, excluding family members.
                                                3. Tunjangan hari raya yang dibayarkan sekali dalam 1     3. Religious holiday allowance, paid once a year in the
                                                   tahun sebesar 1 kali honorarium.                           amount of one month’s honorarium.
                                                4. Anggota Dewan Komisaris yang menjadi ketua             4. Members of the Board of Commissioners who serve
                                                   atau anggota Komite tidak diberikan penghasilan            as chair or members of a Committee are not entitled
                                                   tambahan dari jabatan tersebut selain Penghasilan          to additional compensation from such positions
                                                   sebagai anggota Dewan Komisaris Perseroan.                 other than their remuneration as members of the
                                                                                                              Company’s Board of Commissioners.
Tata Kelola Perusahaan - Corporate Governance




                                                5. Fasilitas kesehatan tidak diberikan jika Anggota       5. Health facilities are not provided if members of the
                                                   Komite Dewan Komisaris berstatus sebagai pegawai           Board of Commissioners’ Committee are employees
                                                   Garuda Indonesia Group.                                    of the Garuda Indonesia Group.
                                                6. Penghasilan tidak diberikan kepada Ketua/Anggota       6. No remuneration is provided to the Chair/Members
                                                   Komite Dewan Komisaris yang berstatus sebagai              of the Board of Commissioners’ Committee who
                                                   Dewan Komisaris Perseroan.                                 also serve as members of the Company’s Board of
                                                                                                              Commissioners.

                                                LAPORAN PELAKSANAAN TUGAS                                 REPORT OF DUTIES

                                                Selama tahun 2025, KNR telah melaksanakan berbagai        Throughout 2025, KNR has carried out various activities
                                                kegiatan dalam rangka melaksanakan tugas dan              to fulfill its duties and responsibilities, including:
                                                tanggung jawab, di antaranya meliputi:
                                                                                                          1. Reviewed the achievement of the Board of Directors’
                                                1. Melakukan telaah atas pencapaian kinerja Direksi          performance for financial year 2024, both collectively
                                                   Perseroan tahun buku 2024, baik secara kolegial           and individually, including providing input on areas
                                                   maupun individual, termasuk memberikan masukan            for improvement in certain performance indicators
                                                   atas area perbaikan pada indikator kinerja tertentu       as well as considerations related to the expiry of
                                                   serta pertimbangan terkait berakhirnya masa jabatan       the term of office of certain members of the Board
                                                   anggota Direksi tertentu.                                 of Directors.
                                                2. Melakukan telaah atas usulan nilai insentif kinerja    2. Reviewed the proposed performance incentive for
                                                   atas kinerja tahun 2024 dan remunerasi bagi Direksi       2024 performance and the remuneration of the Board
                                                   dan Dewan Komisaris tahun 2025.                           of Directors and the Board of Commissioners for 2025.
                                                3. Melakukan telaah atas usulan nilai jasa produksi       3. Reviewed the proposed production service bonus for
                                                   Kesekretariatan Dewan Komisaris tahun buku                the Board of Commissioners’ Secretariat for financial
                                                   2024 serta evaluasi honorarium Sekretaris Dewan           year 2024 and the evaluation of the honorarium for
                                                   Komisaris tahun 2025, termasuk rekomendasi                the Secretary to the Board of Commissioners for
                                                   penyesuaian honorarium guna mendukung                     2025, including recommendations for honorarium
                                                   optimalisasi fungsi kesekretariatan Dewan Komisaris.      adjustment to support the optimization of the Board
                                                                                                             of Commissioners’ secretariat function.




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                         Komite Pemantau Risiko Dan Tata Kelola
                                                   Terintegrasi
                                       Business Development and Risk Monitoring Committee



Komite Pemantau Risiko dan Tata Kelola Terintegrasi            The Risk Monitoring and Integrated Governance
(KPRTKT) merupakan organ pendukung Dewan Komisaris             (KPRTKT) is the supporting body of the Board of
yang bertanggung jawab memantau pengembangan                   Commissioners responsible for monitoring business
usaha yang mencakup investasi, proyek, atau produk             development, including new investments, projects,
baru sesuai dengan strategi Perseroan. KPRTKT juga             or products according to the Company's strategy.




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
melakukan kajian atas kebijakan, praktik pengelolaan           The KPRTKT also reviews policies, risk management
risiko, dan tindakan mitigasi yang diambil oleh Perseroan.     practices, and mitigation measures.

KUALIFIKASI ANGGOTA                                             QUALIFICATIONS

Dewan Komisaris memiliki wewenang penuh untuk                  The Board of Commissioners has full authority to appoint
mengangkat dan memberhentikan anggota KPRTKT,                  and dismiss KPRTKT members under the coordination
yang berada di bawah garis koordinasi Dewan Komisaris.         line of the Board of Commissioners. The appointment
Pengangkatan dan pemberhentian anggota KPRTKT                  and dismissal of KPRTKT members are carried out based
dilakukan berdasarkan Surat Keputusan yang dikeluarkan         on a Decree issued by the GMF Board of Commissioners.
oleh Dewan Komisaris GMF.

MASA JABATAN                                                    TERM OF OFFICE

KPRTKT memiliki masa jabatan 3 (tiga) tahun terhitung          KPRTKT has an office period of 3 (three) years from
sejak Surat Keputusan yang mengangkatnya dan                   the Decree which appointed him and can be extended
dapat diperpanjang satu kali selama 2 (dua) tahun              once for 2 (two) years. The Board of Commissioners
masa jabatan. Dewan Komisaris memiliki hak untuk               has the right to dismiss committee members at any time
memberhentikan anggota komite sewaktu-waktu sesuai             according to the applicable regulations.
dengan ketentuan yang berlaku.

KOMPOSISI ANGGOTA KPRTKT                                        COMPOSITION OF KPRTKT MEMBERS

                                   Komposisi Anggota KPRTKT per 31 Desember 2025
                                 Composition of KPRTKT Members as of December 31, 2025
                                                                                                                 Periode
       Nama                 Jabatan                 Dasar Pengangkatan                 Masa Jabatan
                                                                                                                 Jabatan
       Name                 Position                Basis of Appointment               Term of Office
                                                                                                               Office Period
                                             SK DEKOM-GMF/SKEP/5003/25 tanggal 18   18 Juni 2025 s.d 18 Juni
 Giring Ganesha        Ketua merangkap
                                             Juni 2025                              2027                       Pertama
 Djumaryo              Anggota
                                             Decree DEKOM-GMF/SKEP/5003/25 dated    June 18, 2025 to June      First
                       Chairman and Member
                                             June 18, 2025                          18, 2025

                                             SK DEKOM-GMF/SKEP/5003/25 tanggal 18   18 Juni 2025 s.d 18 Juni
 Oki Yanuar            Anggota               Juni 2025                              2027                       Pertama
                       Member                Decree DEKOM-GMF/SKEP/5003/25 dated    June 18, 2025 to June      First
                                             June 18, 2025                          18, 2027

                                             SK DEKOM-GMF/SKEP/5006/25 tanggal 21   21 Oktober 2025 s.d 21
 Sugiharto Prapto      Anggota               Oktober 2025                           Oktober 2027               Pertama
                       Member                SK DEKOM-GMF/SKEP/5006/25 dated        October 21, 2025 to        First
                                             October 21, 2025                       October 21, 2027


                                             SK DEKOM-GMF/SKEP/5006/25 tanggal 21   21 Oktober 2025 s.d 21
 Kevin Ibrahim Suryo   Anggota               Oktober 2025                           Oktober 2027               Pertama
                       Member                SK DEKOM-GMF/SKEP/5006/25 dated        October 21, 2025 to        First
                                             October 21, 2025                       October 21, 2027




                                                                                                                               299
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       01

                                                PROFIL ANGGOTA KPRTKT                                                    PROFILE OF KPRTKT MEMBERS
     02
                                                Profil Ketua KPRTKT, yaitu Giring Ganesha Djumaryo,                      The profile of the Chairman of the KPRTKT, Giring Ganesha
                                                serta anggota KPRTKT yaitu Oki Yanuar dan Sugiharto                      Djumaryo, as well as the members of the KPRTKT, namely
    03                                          Prapto, dapat dilihat bagian Profil Dewan Komisaris pada                 Oki Yanuar and Sugiharto Prapto, can be found in the Board
                                                bab Profil Perusahaan dalam Laporan Terintegrasi ini.                    of Commissioners Profile section under the Company
                                                                                                                         Profile chapter of this Integrated Report.
      04
                                                 Kevin Ibrahim Suryo
                                                 Anggota KPRTKT
                                                 KPRTKT Member
     05                                                                      Warga Negara Indonesia | Indonesian Citizens
                                                                             Usia 34 tahun | 34 years old
                                                 Data Pribadi                Kelahiran Jakarta, 3 November 1991| | Born in Jakarta, November 3, 1991
    06                                           Personal Data
                                                                             Berdomisili di Jakarta Selatan, Indonesia
                                                                             Domiciled in South Jakarta, Indonesia
                                                                             •   Magister (S2): Ilmu Lingkungan, Universitas          •   Magister (S2): Ilmu Lingkungan, Universitas
                                                 Pendidikan                      Indonesia (2024 - 2026).                                 Indonesia (2024 - 2026).
                                                 Education                   •   Sarjana (S1): Ekonomi, Manajemen Perhotelan          •   Sarjana (S1): Ekonomi, Manajemen Perhotelan
                                                                                 dan Pariwisata, Binus International (2012 - 2016).       dan Pariwisata, Binus International (2012 - 2016).
                                                                             •   Chief Operations Officer, Saint Matcha, Jakarta
                                                 Pengalaman Kerja            •   Director of the Directorate of Environment, Partai Solidaritas Indonesia
                                                 Work Experience             •   Project Manager, Miyara Sumatera & Bumi Pohaci
                                                                             •   E-commerce Business Development Supervisor, TIME International, Jakarta
                                                                             •   Chief Operations Officer, Saint Matcha
                                                 Rangkap Jabatan             •   Project Manager, Miyara Sumatera & Bumi Pohaci
                                                 Concurrent Position         •   Vice President for the Carbon Market, MASKEEI
Tata Kelola Perusahaan - Corporate Governance




                                                                             •   Director of the Directorate of Environment, Partai Solidaritas Indonesia


                                                INDEPENDENSI DAN RANGKAP                                                 INDEPENDENCY AND CONCURRENT
                                                JABATAN KPRTKT                                                           POSITION OF KPRTKT

                                                Independensi anggota KPRTKT penting untuk                                KPRTKT members need to be independent to avoid any
                                                menghindari adanya benturan kepentingan dalam proses                     conflict of interest in making a decision to achieve the
                                                pengambilan keputusan dalam pencapaian tujuan GMF                        Company’s objective or a group purpose with the Parent
                                                maupun tujuan grup bersama Induk Perseroan.                              Company.


                                                                                                   Independensi Anggota KPRTKT
                                                                                                  Indepedency of KPRTKT Members
                                                            Kriteria Independensi                      Giring Ganesha                                 Sugiharto         Kevin Ibrahim
                                                                                                                                Oki Yanuar
                                                            Independence Criteria                         Djumaryo                                     Prapto              Suryo
                                                 Bukan Anggota Manajemen                                  Terpenuhi              Terpenuhi             Terpenuhi            Terpenuhi
                                                 Not a Management Member                                   Fulfilled              Fulfilled             Fulfilled            Fulfilled
                                                 Bebas dari hubungan usaha dan hubungan lainnya
                                                 yang dapat mempengaruhi keputusan                        Terpenuhi              Terpenuhi             Terpenuhi            Terpenuhi
                                                 Free from business relationships and others that          Fulfilled              Fulfilled             Fulfilled            Fulfilled
                                                 can influence decisions
                                                 Bukan pemegang saham mayoritas perusahaan
                                                 atau pegawai yang berhubungan langsung dengan
                                                 pemegang saham mayoritas Perseroan                       Terpenuhi              Terpenuhi             Terpenuhi            Terpenuhi
                                                 Not the majority shareholder of the company or            Fulfilled              Fulfilled             Fulfilled            Fulfilled
                                                 employees who deal directly with the majority
                                                 shareholder of the Company
                                                 Bukan pegawai atau pernah bekerja sebagai
                                                 eksekutif pada Perseroan atau anggota perusahaan
                                                 afiliasi, setidaknya 3 (tiga) tahun sebelum menjadi
                                                 anggota Komite                                           Terpenuhi              Terpenuhi             Terpenuhi            Terpenuhi
                                                 Not an employee or has worked as an executive in          Fulfilled              Fulfilled             Fulfilled            Fulfilled
                                                 a company or a member of an affiliated company,
                                                 at least 3 (three) years before becoming a member
                                                 of the Committee




300
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                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                     Independensi Anggota KPRTKT
                                                    Indepedency of KPRTKT Members
            Kriteria Independensi                        Giring Ganesha                          Sugiharto      Kevin Ibrahim
                                                                              Oki Yanuar
            Independence Criteria                           Djumaryo                              Prapto           Suryo
Bukan penasihat atau konsultan utama profesional
yang material bagi Perseroan atau perusahaan
afiliasi, atau pegawai yang berhubungan langsung
dengan penyedia jasa, setidaknya 3 (tiga) tahun
sebelum menjadi anggota Komite                              Terpenuhi           Terpenuhi        Terpenuhi         Terpenuhi
Not a professional advisor or principal consultant           Fulfilled           Fulfilled        Fulfilled         Fulfilled
for the Company or affiliated company, or
employees who deal directly with the service
provider, at least 3 (three) years before becoming
a member of the Committee
Bukan pemasok atau pelanggan utama dari
Perseroan atau afiliasi atau pegawai dari/atau




                                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
yang berhubungan langsung atau tidak langsung
                                                            Terpenuhi           Terpenuhi        Terpenuhi         Terpenuhi
dengan pemasok atau pelanggan utama
                                                             Fulfilled           Fulfilled        Fulfilled         Fulfilled
Not a supplier or main customer of the Company
or its affiliation or employee of/or who has direct or
indirect contact with the main supplier or customer
Tidak memiliki hubungan perjanjian dengan
Perseroan atau perusahaan afiliasi lainnya sebagai
                                                            Terpenuhi           Terpenuhi        Terpenuhi         Terpenuhi
Direksi
                                                             Fulfilled           Fulfilled        Fulfilled         Fulfilled
Has no agreement relationship with the Company
or other affiliated companies as Directors


PEDOMAN KERJA KPRTKT                                                     WORK GUIDELINE FOR KPRTKT

Pedoman kerja KPRTKT berlandaskan pada Piagam                            The KPRTKT work guideline are based on the Committee
KPRTKT yang telah ditandatangani oleh seluruh anggota                    Charter which has been signed by all members of the
Komite pada tanggal 17 November 2025 dengan                              Committee on November 17, 2025, with emphasis on::
penekanan kepada:
1. Monitoring dan evaluasi rencana bisnis Perseroan                      1. Monitoring and evaluation of the Company’s business
   dan pengembangannya.                                                     plan and its development;
2. Identifikasi dan penerapan manajemen risiko;                          2. Identification and implementation of risk management;
3. Identifikasi dan kontrol faktor-faktor keberhasilan                   3. Identification and control of key success factors in
   strategic plan; dan                                                      the strategic plan; and
4. Tugas khusus.                                                         4. Special assignments.

Pedoman KPRTKT ditinjau ulang secara berkala sesuai                      The KPRTKT Guidelines are reviewed periodically
dengan kebutuhan dan relevansi penerapannya di dalam                     in accordance with the Company’s needs and the
Perseroan. Versi terakhir dari Piagam yang digunakan                     relevance of their implementation. The latest version
adalah per tanggal 17 November 2025 berdasarkan                          of the Charter in use is dated November 17, 2025, based
Surat Keputusan DEKOM-GMF/SKEP/5007/25 perihal                           on the Board of Commissioners Decree No. DEKOM-
Penetapan Piagam Komite Dewan Komisaris serta                            GMF/SKEP/5007/25 concerning the Establishment of
Pedoman Nominasi Direksi dan Dewan Komisaris Tahun                       the Board of Commissioners Committee Charters and
2025.                                                                    the 2025 Guidelines for the Nomination of the Board of
                                                                         Directors and Board of Commissioners.

Piagam KPRTKT berisi tentang Latar Belakang; Visi                        The KPRTKT Charter includes provisions on the
dan Misi; Maksud dan Tujuan, Keanggotaan, Struktur                       Background; Vision and Mission; Purpose and Objectives;
Organisasi, Tugas, Tanggung Jawab dan Wewenang;                          Membership, Organizational Structure, Duties,
Prosedur Kerja, Rapat, Pelaporan dan Penanganan                          Responsibilities, and Authorities; Work Procedures,
Pengaduan; Program Pengembangan; Kerahasiaan;                            Meetings, Reporting, and Complaint Handling; Development
Penutup.                                                                 Programs; Confidentiality; and Closing.

TUGAS DAN TANGGUNG JAWAB                                                 DUTIES AND RESPONSIBILITIES OF
KPRTKT                                                                   KPRTKT

Berdasarkan Piagam KPRTKT, KPRTKT bertugas untuk                         Based on the KPRTKT Charter, the KPRTKT has a
membantu Dewan Komisaris dalam mewujudkan                                responsibility to assist the Board of Commissioners in
sistem dan pelaksanaan pengawasan yang kompeten                          conducting a competent and independent supervisory


                                                                                                                                    301
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       01

                                                dan independen di Perseroan, termasuk namun tidak                      system in the Company, which include but not limited to:
     02                                         terbatas:
                                                1. Tugas terkait dengan Manajemen Risiko                               1. Tasks associated with Risk Management
                                                    a. Mengakses seluruh informasi yang relevan                           a. Accessing all relevant information about the
    03                                                  tentang Perseroan dengan tugas dan fungsi                            Company with the duties and functions of the
                                                        komite pemantau risiko;                                              risk monitoring committee;
                                                    b. Melakukan komunikasi dengan kepala unit                            b. Communicating with the heads of working
                                                        kerja dan pihak lain dalam Perseroan untuk                           units and other parties within the Company to
      04
                                                        memperoleh informasi, klarifikasi serta meminta                      obtain information, clarification and request the
                                                        dokumen dan laporan yang diperlukan;                                 necessary documents and reports;
                                                    c. melakukan pemantauan dan penelaahan                                c. monitoring and reviewing the Risk Management
     05                                                 terhadap laporan Manajemen Risiko dan laporan                        report and other reports related to the
                                                        lainnya terkait penerapan Manajemen Risiko baik                      implementation of Risk Management of both
                                                        Perseroan maupun anak Perusahaan Perseroan;                          the Company and its subsidiaries;
    06                                              d. Melakukan pemantauan dan evaluasi atas                             d. Monitoring and evaluating the appropriateness
                                                        kesesuaian penerapan kebijakan dan strategi                          of the implementation of risk management
                                                        manajemen Risiko Perseroan dan anak                                  policies and strategies of the Company and its
                                                        perusahaan perseroan;                                                subsidiaries;
                                                    e. Memberikan rekomendasi kepada Dewan                                e. Provide recommendations to the Company's
                                                        Komisaris Perseroan atas hal yang mendukung                          Board of Commissioners on matters that support
                                                        efektivitas penerapan Manajemen Risiko dan                           the effectiveness of the implementation of Risk
                                                        kesesuaian antara kebijakan Manajemen                                Management and the compatibility between the
                                                        Risiko Perseroan dan Manajemen Risiko Anak                           Company's Risk Management policies and the
                                                        Perusahaan Perseroan; dan                                            Company's Subsidiaries' Risk Management; and
                                                    f. Melaksanakan pemantauan dan evaluasi                               f. Carry out monitoring and evaluation of the
Tata Kelola Perusahaan - Corporate Governance




                                                        terhadap pelaksanaan fungsi manajemen Risiko                         implementation of other risk management
                                                        lainnya sesuai dengan ketentuan peraturan                            functions in accordance with the provisions of
                                                        perunsang-undangan, anggaran dasar, dan/atau                         laws and regulations, articles of association, and/
                                                        keputusan RUPS.                                                      or resolutions of the GMS.
                                                2. Tugas terkait dengan Tata Kelola Terintegrasi                       2. Tasks related to Integrated Governance
                                                    a. Melakukan evaluasi kebijakan tata kelola                           a. Conduct an evaluation of integrated governance
                                                        terintegrasi;                                                        policies;
                                                    b. Melakukan pemantauan dan evaluasi atas                             b. Monitor and evaluate the alignment of the
                                                        kesesuaian kebijakan tata kelola terintegrasi                        Company’s or its subsidiaries’ integrated
                                                        Perseroan atau Anak Perusahaan Perseroan;                            governance policies;
                                                    c. M e l a k u k a n eva l u a s i p e l a k s a n a a n t a t a      c. Evaluate the implementation of integrated
                                                        kelola terintegrasi, paling sedikit melalui                          governance, at a minimum through assessing
                                                        penilaian kecukupan pengendalian internal                            the adequacy of internal controls and the
                                                        dan pelaksanaan fungsi kepatuhan secara                              implementation of the compliance function in
                                                        terintegrasi;                                                        an integrated manner;
                                                    d. Memberikan rekomendasi kepada Dewan                                d. Provide recommendations to the Board of
                                                        Komisaris untuk penyempurnaan kebijakan tata                         Commissioners for the improvement of integrated
                                                        kelola terintegrasi;                                                 governance policies;
                                                    e. Melakukan komunikasi dengan unit kerja                             e. Communicate with work units performing
                                                        yang menjalankan fungsi antara lain audit                            functions such as internal audit, legal and
                                                        intern, hukum dan kepatuhan, keuangan dan                            compliance, finance and risk management,
                                                        manajemen risiko, sumber daya manusia, serta                         human resources, and operational/business
                                                        fungsi operasional usaha yang diperlukan untuk                       functions as necessary to obtain information,
                                                        memperoleh informasi, klarifikasi, dan laporan                       clarification, and reports in an integrated manner;
                                                        secara terintegrasi; dan                                             and
                                                    f. Melaksanakan pemantauan dan evaluasi terhadap                      f. Monitor and evaluate the implementation of other
                                                        pelaksanaan fungsi tata kelola terintegrasi lainnya                  integrated governance functions in accordance
                                                        sesuai dengan ketentuan peraturan perundang-                         with prevailing laws and regulations, the Articles
                                                        undangan, Anggaran Dasar, dan/atau keputusan                         of Association, and/or resolutions of the GMS
                                                        RUPS.
                                                3. Menjaga kerahasiaan dokumen, data dan informasi                     3. Maintain the confidentiality of the Company's
                                                    Perseroan.                                                            documents, data and information.
                                                4. Melakukan identifikasi hal-hal yang memerlukan                      4. Identify matters that require the attention of the
                                                    perhatian Dewan Komisaris Perseroan serta tugas-                      Board of Commissioners of the Company and other
                                                    tugas Dewan Komisaris Perseroan bersangkutan                          relevant duties of the Board of Commissioners of
                                                    lainnya.                                                              the Company.

302
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                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
5. Melaksanakan tugas lain yang diberikan oleh                        5. Carry out other duties assigned by the Board of
   Dewan Komisaris berdasarkan ketentuan peraturan                       Commissioners based on the provisions of the
   perundang-undangan yang berlaku.                                      prevailing laws and regulations.

RAPAT KPRTKT                                                          KPRTKT MEETING

Kebijakan rapat KPRTKT mengacu pada Piagam KPRTKT                     The meeting policy of the KPRTKT refers to the KPRTKT
yang mengatur rapat dilakukan sekali setiap triwulan.                 Charter, which stipulates that meetings are to be held
Keputusan rapat diambil berdasarkan musyawarah                        once every quarter. Meeting resolutions are made based
mufakat. Jalannya rapat, perbedaan pendapat                           on deliberation and consensus. The proceedings of
(dissenting opinion) dan keputusan yang diambil dalam                 the meetings, any differences of opinion (dissenting
rapat Komite wajib dicatat dan didokumentasikan                       opinions), and the resolutions adopted must be properly
dengan baik dalam risalah rapat. Risalah rapat tersebut               recorded and documented in the meeting minutes. The
ditandatangani oleh Ketua dan Anggota Komite serta                    minutes of the meetings are signed by the Chairman




                                                                                                                                Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
didistribusikan kepada Ketua Komite, Sekretaris Dewan                 and Members of the Committee and distributed to the
Komisaris dan peserta rapat.                                          Chairman of the Committee, the Secretary of the Board
                                                                      of Commissioners, and meeting participants.

Pada tahun 2025, KPRTKT melakukan rapat sebanyak                      In 2025, the KPRTKT held a total of 6 (six) meetings.
6 (enam) kali rapat. Berikut informasi mengenai risalah               The following is information regarding the minutes and
dan rekapitulasi kehadiran rapat-rapat KPRTKT.                        attendance of the KPRTKT meetings.


                                      Rekapitulasi Kehadiran KPRTKT pada Rapat
                                 Recapitulation of the Presence of KPRTKT at the Meeting
                                        Jumlah Wajib Rapat
       Anggota KPRTKT                                                      Jumlah Kehadiran               Kehadiran
                                       Number of Mandatory
       KPRTKT Members                                                     Number of Presence              Presence
                                             Meeting
 Giring Ganesha Djumaryo
 Ketua                                                            6                               6                    100%
 Chairman

 Oki Yanuar
 Anggota                                                          6                               6                    100%
 Member

 Sugiharto Prapto
 Anggota                                                          4                            4                       100%
 Member

 Kevin Ibrahim Suryo
 Anggota                                                          6                               6                    100%
 Member

Rata-rata
                                                                                                                      100%
Average



                                                    Risalah Rapat KPRTKT
                                                  Minutes of KPRTKT Meeting
                                                                                                            Alasan
        Tanggal                                Agenda Rapat                              Kehadiran
                                                                                                        Ketidakhadiran
         Date                                 Meeting Agenda                             Presence
                                                                                                      Reasons for Absence
                           Pembahasan Evaluasi Kebijakan Pengadaan dan Kebijakan
 30 Juli 2025              Manajemen Risiko
                                                                                           100%                 -
 July 30, 2025             Discussion on the Evaluation of Procurement Policy and Risk
                           Management Policy

 6 Agustus 2025            Pendalaman Terkait Manajemen Risiko GMF
                                                                                           100%                 -
 August 6, 2025            In-depth Review of GMF’s Risk Management

                           Pembahasan Telaah Komite Risiko mengenai Rencana KSO
 12 September 2025         dengan BIJB
                                                                                           100%                 -
 September 12, 2025        Discussion on the Risk Committee’s Review of the Planned
                           Joint Operation (KSO) with BIJB

 25 September 2025         Pembahasan Kajian KSO dengan BIJB
                                                                                           100%                 -
 September 25, 2025        Discussion on the Study of the KSO with BIJB


                                                                                                                                303
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       01

                                                                                                 Risalah Rapat KPRTKT
     02                                                                                        Minutes of KPRTKT Meeting
                                                                                                                                                          Alasan
                                                       Tanggal                              Agenda Rapat                                Kehadiran
                                                                                                                                                      Ketidakhadiran
                                                        Date                               Meeting Agenda                               Presence
    03                                                                                                                                              Reasons for Absence
                                                6 Oktober 2025         Pembahasan Kajian KSO dengan BIJB
                                                                                                                                          100%                 -
                                                October 6, 2025        Discussion on the Study of the Joint Operation (KSO) with BIJB
      04                                                               Pembahasan Telaah Atas Revisi Rencana Kerja dan Anggaran
                                                                       Perusahaan (RKAP) Tahun 2025, Rencana Kerja dan Anggaran
                                                                       Perusahaan (RKAP) Tahun 2026, dan Rencana Jangka Panjang
                                                22 Desember 2025       Perusahaan (RJPP) Tahun 2026–2030
     05                                         December 22, 2025      Discussion on the Review of Revisions to the 2025 Company
                                                                                                                                          100%                 -
                                                                       Work Plan and Budget (RKAP), the 2026 Company Work Plan
                                                                       and Budget (RKAP), and the 2026–2030 Long-Term Corporate
    06                                                                 Plan (RJPP)



                                                PENGEMBANGAN KOMPETENSI                                           COMPETENCY DEVELOPMENT FOR
                                                KPRTKT                                                            KPRTKT

                                                KPRTKT memiliki ketentuan yang termuat di Piagam                  The KPRTKT has provisions set out in the KPRTKT
                                                Komite KPRTKT terkait peningkatan kompetensi secara               Committee Char ter regarding the continuous
                                                berkesinambungan untuk anggota, khususnya untuk                   enhancement of members’ competencies, particularly
                                                menyeleraskan dengan perkembangan usaha dan                       to ensure alignment with business developments and
                                                kondisi Perseroan.                                                the Company’s conditions.
Tata Kelola Perusahaan - Corporate Governance




                                                Informasi mengenai daftar kegiatan pelatihan dan                  Information on the list of training and competency
                                                peningkatan kompetensi yang diikuti KPRTKT sepanjang              development programs of KPRTKT in 2025 is available
                                                tahun 2025 dapat dilihat pada Laporan Keberlanjutan               in the Sustainability Report within this Integrated Report.
                                                dalam Laporan Terintegrasi ini.

                                                KEBIJAKAN REMUNERASI                                              REMUNERATION POLICY

                                                Remunerasi anggota KPRTKT ditetapkan oleh Dewan                   The remuneration of KPRTKT members was determined
                                                Komisaris. Ketentuan pemberian honorarium untuk                   by the Board of Commissioners. The honorarium for
                                                Anggota Komite Dewan Komisaris diatur berdasarkan                 members of the Board of Commissioners’ Committee
                                                ketentuan berikut:                                                are regulated based on the following:
                                                1. Besarnya Honorarium bagi Anggota Komite Dewan                  1. The Honorarium for Independent Members of the
                                                   Komisaris Independen dan/atau yang tidak berstatus                 Board of Commissioners’ Committee and/or those who
                                                   sebagai Pegawai Perseroan atau Pegawai PT Garuda                   are not employees of the Company or Employees of PT
                                                   Indonesia (Persero) Tbk (“Garuda Indonesia”).                      Garuda Indonesia (Persero) Tbk (“Garuda Indonesia”).
                                                2. Besarnya Honorarium bagi Anggota Komite Dewan                  2. The Honorarium for Members of the Board of
                                                   Komisaris yang berstatus masih sebagai pegawai                     Commissioners’ Committee who are employees of
                                                   Perseroan atau Pegawai Garuda Indonesia.                           the Company or Garuda Indonesia.
                                                3. Honorarium tidak diberikan kepada Ketua/Anggota                3. The Honorarium is not given to the Chairman/
                                                   Komite Dewan Komisaris yang berstatus sebagai                      Committee Member of the Board of Commissioners
                                                   Anggota Direksi di Garuda Indonesia dan/atau                       who is also a Member of the Board of Directors at
                                                   merangkap sebagai Dewan Komisaris Perseroan.                       Garuda Indonesia and/or the Company's Board of
                                                                                                                      Commissioners.
                                                4. Pajak atas Honorarium Anggota Komite Dewan                     4. Taxes on the Honorarium of Members of the Board
                                                   Komisaris dan/atau penghasilan lainnya ditanggung                  of Commissioners’ Committee and/or other income
                                                   oleh Perseroan.                                                    shall be borne by the Company.
                                                5. Biaya yang timbul atas pemberian honorarium ini                5. The Company is responsible for the costs incurred
                                                   menjadi beban Perseroan.                                           from this honorarium.




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                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
PENCAPAIAN KPRTKT                                                   KPRTKT’S ACHIEVEMENT

Setiap tahunnya KPRTKT menyusun rencana kerja untuk                 KPRTKT made an annual working plan to do the duties
mendukung pelaksanaan tugas dan tanggung jawab                      and responsibilities efficiently and effectively. The
dengan efisien dan efektif. Berikut pencapaian Rencana              realization of KPRTKT’s work plan for 2025 was as
Kerja KPRTKT tahun 2025:                                            follows:


                                        Program Kerja KPRTKT 2025                                               Realisasi
 No.
                                          KPRTKT Work Plan 2025                                                Realization
        Melakukan kajian dan evaluasi atas pengembangan usaha MRO
   1.                                                                                                                    100%
        Conduct studies and evaluations of MRO business development
        Melakukan kajian dan evaluasi atas kecukupan kebijakan, konsistensi praktik pengelolaan risiko, dan
        efektivitas tindakan mitigasi
  2.                                                                                                                     100%
        Reviewing and evaluating the adequacy of policies, the consistency of risk management practices, and
        the effectiveness of mitigation actions




                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
        Memberikan rekomendasi perbaikan atas praktik pengelolaan dan penanganan risiko Perseroan
  3.    Providing recommendations for improvements to the Company's risk management and management                       100%
        practices
        Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam ruang lingkup
        tugas dan kewajiban Dewan Komisaris berdasarkan ketentuan yang berlaku
  4.                                                                                                                     100%
        Performing other duties given by the Board of Commissioners as long as within the coverage of duties
        and obligations of the Board according to regulation
        Menyusun rencana kerja KPRTKT tahun 2024
  5.                                                                                                                     100%
        Prepare KPRTKT work plan for 2024
        Membuat laporan berkala Triwulanan/setiap 3 bulan sekali kepada Dewan Komisaris
  6.                                                                                                                     100%
        Creating a quarterly report/once every 3 months to the Board of Commissioners
        Melaksanakan rapat periodik sekurang-kurangnya 1 kali dalam 3 bulan
   7.                                                                                                                    100%
        Held a periodic meeting at least once every three months
        Melakukan Self-Assessment terhadap kinerja anggota KPRTKT
  8.                                                                                                                     100%
        Conducted Self-Assessment on the performance of KPRTKT members


LAPORAN PELAKSANAAN TUGAS                                           REPORT OF DUTIES

Selama tahun 2025, KPRTKT telah melaksanakan                        Throughout 2025, KPRTKT has performed the following
berbagai kegiatan dalam rangka melaksanakan tugas                   activities to fulfill the duties and responsibilities that
dan tanggung jawab, di antaranya meliputi:                          cover:
1. Melakukan reviu berkala atas kinerja Perseroan dan               1. Conducted periodic reviews of the Company’s
   profil risiko Perseroan.                                             performance and risk profile.
2. Melakukan telaah atas rencana Kerja Sama Operasi                 2. Reviewed the proposed Operational Cooperation
   (KSO) antara Perseroan dengan PT Bandarudara                         (KSO) between the Company and PT Bandarudara
   Internasional Jawa Barat dalam pengembangan                          Internasional Jawa Barat in the development of
   Aerospace Park Kertajati, terutama dari sisi risiko                  the Kertajati Aerospace Park, particularly from the
   hukum, risiko solvabilitas mitra, struktur governance,               perspectives of legal risk, partner solvency risk,
   kepastian hak pemanfaatan lahan, dan persyaratan                     governance structure, certainty of land utilization
   mitigasi sebelum perjanjian dinyatakan efektif.                      rights, and the mitigation requirements to be fulfilled
                                                                        before the agreement becomes effective.
3. Melakukan telaah atas Revisi RKAP Tahun 2025,                    3. Reviewed the Revised 2025 RKAP, the 2026 RKAP,
   RKAP Tahun 2026, dan RJPP Tahun 2026–2030,                           and the 2026–2030 RJPP, with a focus on the quality
   dengan fokus padakualitas pemulihan ekuitas,                         of equity recovery, liquidity resilience, collectibility
   ketahanan likuiditas, kolektibilitas piutang afiliasi,               of affiliate receivables, diversification of non-group
   diversifikasi pendapatan non-group, risiko SDM,                      revenue, human capital risk, adequacy of CAPEX,
   kecukupan CAPEX, dan keberlanjutan strategi jangka                   and the sustainability of the Company’s long-term
   panjang Perseroan.                                                   strategy.




                                                                                                                                   305
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       01

                                                Sekretaris Perusahaan & Legal
     02
                                                Corporate Secretary & Legal

    03


      04
                                                Berdasarkan Surat Keputusan Direktur Human Capital                Based on the Decree of Director of Human Capital &
                                                & Corporate Affairs No. DC/SKEP-5079/25 tanggal 14                Corporate Affairs No. DC/SKEP-5079/25 dated March 14,
     05                                         Maret 2025 tentang Struktur Organisasi Corporate                  2025, regarding Organizational Structure of Corporate
                                                Secretary & Legal PT Garuda Maintenance Facility                  Secretary & Legal PT Garuda Maintenance Facility Aero
                                                Aero Asia Tbk, GMF melakukan perubahan atas struktur              Asia Tbk, GMF updated the organization structure of
    06                                          organisasi unit dengan fungsi sebagai Sekretaris                  Corporate Secretary and Legal. The Corporate Secretary
                                                Perusahaan dan Legal. Fungsi Sekretaris Perusahaan                is to comply with OJK Regulation No. 35/POJK.04/2014
                                                ini juga telah menyesuaikan dengan Peraturan OJK No.              concerning Corporate Secretary of Issuers or Public
                                                35/POJK.04/2014 tentang Sekretaris Perusahaan Emiten              Companies.
                                                atau Perusahaan Publik.

                                                PROFIL VP CORPORATE SECRETARY &                                   PROFILE OF CORPORATE SECRETARY &
                                                LEGAL                                                             LEGAL VP

                                                Berdasarkan Surat Keputusan Direktur Human Capital &              Based on the Director of Human Capital & Corporate
                                                Corporate Affairs No. DC/SKEP-5181/20 tanggal 17 Juli             Affairs Decree No. DC/SKEP-5181/20 on July 17, 2020,
Tata Kelola Perusahaan - Corporate Governance




                                                2020, Perseroan menunjuk Rian Fajar Isnaeni sebagai               the Company has appointed Rian Fajar Isnaeni as the
                                                VP Corporate Secretary & Legal. Pengangkatan VP                   Corporate Secretary & Legal VP. The appointment of
                                                Corporate Secretary & Legal telah dilaporkan kepada               the Corporate Secretary & Legal VP has been reported
                                                OJK dan Bursa Efek Indonesia pada tanggal 21 Juli 2020            to OJK and Indonesia Stock Exchange on July 21, 2020,
                                                melalui surat No. GMF/DT/SPE-2001/20 untuk memenuhi               through letter No. GMF/DT/SPE-2001/20 to meet the OJK
                                                Peraturan OJK No. 35/POJK.04/2014 tentang Sekretaris              Regulation No. 35/POJK.04/2014 concerning Corporate
                                                Perusahaan Emiten atau Perusahaan Publik.                         Secretary of an Emitent or a Public Company.


                                                Rian Fajar Isnaeni
                                                Corporate Secretary & Legal Group Head

                                                Periode Jabatan                           Menjabat sejak 21 Juli 2020
                                                Period                                    Took up the position on July 21, 2020

                                                                                          Warga Negara Indonesia | Indonesian Citizen
                                                Data Pribadi
                                                                                          Usia 48 tahun | 48 years old
                                                Personal Data
                                                                                          Kelahiran Palembang, 17 Januari 1977 | Born in Palembang, January 17, 1977

                                                Domisili                                  Jakarta Timur, DKI Jakarta, Indonesia
                                                Domicile                                  East Jakarta, DKI Jakarta, Indonesia

                                                Bergabung di GMF                          7 Januari 2019 sebagai GM Legal & Corporate Governance
                                                Join GMF                                  January 7, 2019, as the GM Legal & Corporate Governance

                                                Pendidikan                                Sarjana (S1) Program Hukum di Universitas Diponegoro
                                                Education                                 Bachelor’s Degree (S1) of Law in Diponegoro University

                                                                                          •   GM Legal & Corporate Governance PT Garuda Maintenance Facility Aero Asia Tbk
                                                Pengalaman Kerja                              (2019-2020)
                                                Work Experience                           •   Legal Counsel and Compliance Officer PT SEI Consulting Jakarta (2015-2018)
                                                                                          •   Corporate Legal Manager PT Panasonic Gobel Indonesia (2013-2015)

                                                                                          •   Mengelola Risiko Siber dalam Industri     •   Managing the Cyber Risk in the Digital
                                                                                              Digital (23 September 2021) oleh LPPI         Industry (September 23, 2021) by LPPI
                                                                                          •   Advokasi Pelaku Usaha KPPU – AEI          •   KPPU – AEI Entrepreneurs Advocacy
                                                                                              tentang Pedoman Penilaian terhadap            concerning Assessment Guidelines for
                                                Pendidikan dan/atau Sertifikasi Profesi
                                                                                              Penggabungan, Peleburan atau                  Merger, Consolidation or Acquisition
                                                yang Berlaku
                                                                                              Pengambilalihan (18 Desember 2020)            (December 18, 2020) Jakarta – KPPU
                                                Education and/or Valid Professional
                                                                                              Jakarta – KPPU
                                                Certifications
                                                                                          •   Pemahaman Filosofi dan Model              •   Understanding the Philosophy and
                                                                                              Struktural Pengelolaan GRC Terpadu,           Structural Model of Integrated GRC
                                                                                              2020, Tangerang – PT Sinergi Daya Prima       Management, 2020, Tangerang – PT
                                                                                                                                            Sinergi Daya Prima



306
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
STRUKTUR CORPORATE SECRETARY &                                   CORPORATE SECRETARY & LEGAL
LEGAL                                                            STRUCTURE


                                              Corporate Secretary & Legal



                                                                                          Investor Relation




                 Legal & Corporate                                                  Corporate




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                  Business Contract
                   Governance                                                   Communication & CSR




Kedudukan Sekretaris Perusahaan dalam struktur                   The Corporate Secretary & Legal is positioned under
organisasi Perseroan berada langsung di bawah Direktur           the President Director. The Corporate Secretary & Legal
Utama. Sekretaris Perusahaan memiliki beberapa fungsi            has several functions underneath, including Corporate
di bawahnya yaitu fungsi Corporate Communication,                Communication, Business Contract, and Corporate
Business Contract, dan Legal & Corporate Governance              Legal, which is also responsible for implementing
yang juga bertanggung jawab dalam pelaksanaan tata               corporate governance and acting as the liaison between
kelola perusahaan serta berfungsi sebagai penghubung             the internal and external parties of GMF.
dengan pihak eksternal maupun internal GMF.

Hingga akhir tahun 2025, jumlah karyawan yang                    By the end of 2025, the employees of the Corporate
tergabung dalam unit Sekretaris Perusahaan sebanyak              Secretary & Legal comprised of 25 people.
25 orang.


                                             Jabatan                                                Jumlah Karyawan
                                             Position                                                Total Employee
Corporate Secretary & Legal Group Head                                                                                1
Business Contract Division Head                                                                                       1
Corporate Communication & CSR Division Head                                                                           1
Legal & Corporate Governance Division Head                                                                            1
Government Relation Executive                                                                                         1
Investor Relation Executive                                                                                           1
Senior Business Contract Specialist                                                                                   1
Business Contract Specialist                                                                                          2
Trainee for Business Contract Specialist                                                                              1
Corporate Governance Analyst                                                                                          2
Corporate Governance Officer                                                                                          1
Legal Advisor                                                                                                         2
Legal Officer                                                                                                         3
Trainee for Legal Officer                                                                                             1
Corporate Communication Executive                                                                                     2
Corporate Communication Officer                                                                                       3
Trainee for Visual Communication Officer                                                                              1
Jumlah
                                                                                                                    25
Total




                                                                                                                           307
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       01

                                                PEDOMAN KERJA CORPORATE                                    CORPORATE SECRETARY & LEGAL
     02                                         SECRETARY & LEGAL                                          WORK GUIDELINE

                                                Sekretaris Perusahaan GMF telah dilengkapi dengan          GMF Corporate Secretary has been equipped with Work
    03                                          Pedoman Kerja yang tertuang pada Surat Keputusan           Guidelines as stated in the President Director Decree No.
                                                Direktur Utama No. DT/SKEP-5015/25 tentang Organisasi      DT/SKEP-5015/24 concerning the Parent Organisation
                                                Induk PT Garuda Maintenance Facility Aero Asia Tbk.,       of PT Garuda Maintenance Facility Aero Asia Tbk, in
                                                dalam Pedoman Direksi Bab 9 tentang Organ Pendukung        the Board of Directors Guidelines Chapter 9 concerning
      04
                                                Direksi Hal.49-50, dan Surat Keputusan Direktur Human      Supporting Organs of the Board of Directors Page 49-50,
                                                Capital & Corporate Affairs No. DC/SKEP-5079/25            and Decree of the Director of Human Capital & Corporate
                                                tanggal 14 Maret 2025 tentang Struktur Organisasi Unit     Affairs No. DC/SKEP-5079/25 dated March 14, 2025,
     05                                         Corporate Secretary & Legal PT Garuda Maintenance          concerning the Organisational Structure of the Corporate
                                                Facility Aero Asia Tbk.                                    Secretary & Legal Unit of PT Garuda Maintenance Facility
                                                                                                           Aero Asia Tbk.
    06
                                                TUGAS DAN TANGGUNG JAWAB                                   CORPORATE SECRETARY & LEGAL
                                                CORPORATE SECRETARY & LEGAL                                DUTIES AND RESPONSIBILITIES

                                                Tugas Sekretaris Perusahaan meliputi:                      Duties of the Corporate Secretary include:
                                                1. Memastikan penyelenggaraan Perseroan oleh Direksi       1. Ensuring that the management of the Company
                                                   dan Dewan Komisaris agar sesuai dengan Undang-             by the Board of Directors and the Board of
                                                   Undang Perseroan Terbatas, Anggaran Dasar                  Commissioners complies with the Company Law,
                                                   Perusahaan, Peraturan Bapepam dan LK, Otoritas             the Company’s Articles of Association, regulations of
                                                   Jasa Keuangan, peraturan Bursa Efek dan peraturan          Bapepam-LK, the Financial Services Authority, Stock
                                                   terkait lainnya;                                           Exchange regulations, and other relevant regulations;
Tata Kelola Perusahaan - Corporate Governance




                                                2. Mengikuti perkembangan seluruh peraturan-peraturan      2. Monitoring developments in all regulations related to
                                                   terkait penyelenggaraan Perseroan pada umumnya,            corporate governance in general, employment, and
                                                   ketenagakerjaan, pasar modal guna memberikan               capital markets in order to provide recommendations
                                                   rekomendasi atau pertimbangan kepada Direksi dan           or considerations to the Board of Directors and the
                                                   Dewan Komisaris dalam pengembalian keputusan;              Board of Commissioners in making decision;
                                                3. Memberikan masukan kepada Direksi dan Dewan             3. Providing input to the Board of Directors and the
                                                   Komisaris terkait pengelolaan dan administrasi             Board of Commissioners regarding the management
                                                   kesekretariatan Perseroan dalam pengambilan                and administration of the Company’s secretarial
                                                   keputusan sesuai dengan ketentuan peraturan                functions in decision-making in accordance with
                                                   perundang-undangan yang berlaku di bidang                  prevailing laws and regulations in the areas of
                                                   perseroan terbatas dan pasar modal;                        company law and capital markets;
                                                4. Bertindak selaku penghubung atau liaison officer bagi   4. Acting as a liaison officer for the Board of
                                                   Direksi dan/atau Dewan Komisaris dengan Pemegang           Directors and/or the Board of Commissioners with
                                                   Saham, Otoritas Jasa Keuangan, masyarakat dan              Shareholders, the Financial Services Authority, the
                                                   pemangku kepentingan lainnya;                              public, and other stakeholders;
                                                5. Memastikan pengelolaan, menatausahakan, serta           5. Ensuring the management, administration, and
                                                   menyimpan dokumen Perseroan yang termasuk,                 safekeeping of Company documents, including but
                                                   tetapi tidak terbatas pada Daftar Pemegang Saham,          not limited to the Shareholders Register, Special
                                                   Daftar Khusus dan risalah rapat Direksi, rapat Dewan       Register, and minutes of meetings of the Board of
                                                   Komisaris dan RUPS;                                        Directors, the Board of Commissioners, and the GMS;
                                                6. Mengkoordinasikan penyelenggaraan Sistem                6. Co o rdi n ati n g t he i mpl emen tati o n o f t h e
                                                   Pelaporan Pelanggaran (Whistleblowing System/              Whistleblowing System (WBS) by ensuring that
                                                   WBS) dengan memastikan Laporan Pelanggaran                 reports of violations are followed up by the
                                                   ditindaklanjuti oleh WBS Officer dan menyampaikan          WBS Officer and reporting the follow-up results
                                                   hasil tindak lanjut Laporan Pelanggaran kepada             to the Board of Directors and/or the Board of
                                                   Direksi dan/atau Dewan Komisaris dan/atau                  Commissioners and/or Shareholders;
                                                   Pemegang Saham;
                                                7. Menjamin penatalaksanaan dan ketersediaan               7. Ensuring proper administration and availability of
                                                   informasi yang diperlukan dalam pengambilan                information required for making decision by the
                                                   keputusan oleh Direksi dan Dewan Komisaris,                Board of Directors and the Board of Commissioners,
                                                   termasuk memastikan kuorum kehadiran peserta               including ensuring quorum attendance in meetings
                                                   rapat sehingga dapat melakukan pengambilan                 so that valid decisions can be made in accordance
                                                   keputusan yang sah sesuai dengan ketentuan yang            with applicable regulations;
                                                   belaku;




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                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
8. M e m p e r s i a p k a n d a n m e n g ko o rd i n a s i k a n   8. Preparing and coordinating the implementation of
    penyelenggaraan Rapat Direksi, Rapat Dewan                           Board of Directors meetings, Board of Commissioners
    Komisaris, Rapat Analis dan RUPS serta forum                         meetings, Analyst Meetings, and GMS, as well as
    korporasi lainnya;                                                   other corporate forums;
9. Memastikan dan mengkoordinasikan pelaksanaan                      9. Ensuring and coordinating the implementation of
    program orientasi terhadap perusahaan dan                            company orientation programs and training for the
    pelatihan bagi Direksi dan/atau Dewan Komisaris;                     Board of Directors and/or the Board of Commissioners;
10. Memastikan tindakan koreksi terhadap hasil temuan                10. Ensuring corrective actions on findings from
    pada penilaian dan evaluasi atas penerapan GCG                       assessments and evaluations of GCG implementation
    dan pada ranah lainnya yang merupakan tanggung                       and other areas under the responsibility of the
    jawab dari unit 1 (satu) tingkat di bawah Direksi yang               unit one level below the Director overseeing the
    membidangi Sekretaris Perusahaan;                                    Corporate Secretary;
11. Menyampaikan secara berkala paling kurang 1 (satu)               11. Submitting periodic reports, at least once a year,
    kali dalam 1 (satu) tahun mengenai pelaksanaan unit                  regarding the implementation of the unit one level




                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
    1 (satu) tingkat di bawah Direksi yang membidangi                    below the Director overseeing the Corporate
    Sekretaris Perusahaan kepada Direksi dan                             Secretary to the Board of Directors, with copies to
    ditembuskan kepada Dewan Komisaris;                                  the Board of Commissioners;
12. Menjalankan unit 1 (satu) Tingkat di bawah Direksi               12. Carrying out the functions of the unit one level below
    yang membidangi Sekretaris Perseroan dengan tidak                    the Director overseeing the Corporate Secretary
    mengambil keuntungan Pribadi baik secara langsung                    without taking personal advantage, either directly
    maupun tindak langsung, yang merugikan Perseroan;                    or indirectly, to the detriment of the Company;
13. Menjaga kerahasiaan dokumen, data dan informasi                  13. Maintaining the confidentiality of documents, data,
    yang bersifat rahasia kecuali dalam rangka memenuhi                  and information, except as required by laws and
    kewajiban sesuai dengan peraturan perundang-                         regulations or otherwise stipulated;
    undangan atau ditentukan lain dalam peraturan
    perundang-undangan;
14. Bertanggung jawab terhadap penyusunan strategi                   14. Being responsible for formulating the Company’s
    dan kebijakan Perseroan terkait struktur dan                         strategy and policies related to corporate governance
    mekanisme tata kelola perusahaan, berdasarkan                        structure and mechanisms, based on GCG principles,
    prinsip-prinsip GCG dan berlandaskan peraturan                       laws and regulations, and general business ethics
    perundang-undangan serta etika bisnis pada                           in a consistent and sustainable manner;
    umumnya secara konsisten dan berkesinambungan;
15. Mengelola dan memitigasi risiko hukum bagi                       15. Managing and mitigating legal risks for the Company
    Perseroan dalam setiap rencana dan pelaksanaan                       in every plan and implementation of agreements
    perikatan dengan pihak ketiga sesuai dengan                          with third parties in accordance with the Company’s
    ketentuan Anggaran Dasar Perusahaan dan                              Articles of Association and applicable laws and
    peraturan perundang-undangan terkait;                                regulations;
16. Mencegah terjadinya pelanggaran dalam Perseroan;                 16. Preventing violations within the Company;
17. Memastikan penyusunan segala jenis kontrak                       17. Ensuring the preparation of all types of business
    bisnis antara Perseroan dengan customer, vendor,                     contracts between the Company and customers,
    partner, dan pihak lainnya, dengan tetap menjaga                     vendors, partners, and other parties, while
    kepentingan Persereoan dan ketentuan yang berlaku;                   safeguarding the Company’s interests and complying
                                                                         with applicable regulations;
18. Bertanggung jawab dalam memastikan ketersediaan                  18. Ensuring the availability and implementation of
    pelaksanaan keterbukaan informasi atau fakta                         disclosure of information or relevant material facts on
    material yang relevan pada situs web atau media                      the website or other communication media, including
    komunikasi lainnya termasuk dampak hukumnya                          their legal implications, in accordance with applicable
    sesuai dengan ketentuan yang berlaku;                                regulations;
19. Mengembangkan strategi komunikasi Perseroan                      19. Developing the Company’s communication strategy
    secara efektif dan wajar sejalan dengan tujuan,                      effectively and appropriately in line with the
    sasaran Perusahaan dan prinsip GCG;                                  Company’s objectives and GCG principles;
20. Membangun terbentuknya citra Perseroan yang                      20. Building and maintaining a positive corporate image
    positif oleh pemegang saham dan seluruh pemangku                     among shareholders and all stakeholders;
    kepentingan;
21. Memastikan aktivitas Perseroan yang terkait dengan               21. Ensuring that Company activities related to CSR
    program CSR terselenggaran sesuai dengan visi dan                    programs are carried out in accordance with the
    misi Perseroan;                                                      Company’s vision and mission;
22. Menyelenggarakan dan mengkoordinir pelaksanaan                   22. Organizing and coordinating the implementation of
    kegiatan-kegiatan Direksi dan Dewan Komisaris                        activities of the Board of Directors and the Board
    dalam setiap aksi atau kegiatan korporasi termasuk                   of Commissioners in every corporate action or


                                                                                                                                   309
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       01

                                                    namun tidak terbatas pada korespondensi,                    activity, including but not limited to correspondence,
     02                                             keprotokolan, dokumentasi dan kelogistikan;                 protocol, documentation, and logistics;
                                                23. Bertanggung jawab untuk menjalin hubungan               23. Being responsible for maintaining good relations
                                                    baik dengan pemerintah terkait guna mendukung               with relevant government institutions to support
    03                                              kelancaran pengembangan bisnis Perseroan;                   the Company’s business development;
                                                24. Menyampaikan laporan berkala perusahaan kepada          24. Submitting periodic company reports to the Financial
                                                    Otoritas Jasa Keuangan dan Bursa Efek sesuai                Services Authority and the Stock Exchange in
                                                    dengan ketentuan yang berlaku;                              accordance with applicable regulations;
      04
                                                25. Bertanggung jawab terhadap keberjalanan fungsi          25. Being responsible for the implementation of
                                                    Investor Relations guna memastikan komunikasi               the Investor Relations function to ensure that
                                                    dengan relasi strategis, aksi korporasi terkait pasar       communication with strategic stakeholders,
     05                                             modal, serta pengelolaan informasi Perseroan                capital market-related corporate actions, and the
                                                    dilaksanakan dengan wajar dan berimbang kepada              management of Company information are conducted
                                                    investor, calon investor, analis dan pemangku               fairly and in a balanced manner for investors,
    06                                              kepentingan pasar modal pada umumnya dengan                 prospective investors, analysts, and capital market
                                                    tetap mengutamakan prinsip kehati-hatian dalam              stakeholders, while upholding the principle of
                                                    menjaga kerahasiaan Perseroan sesuai dengan                 prudence in maintaining Company confidentiality
                                                    ketentuan yang berlaku;                                     in accordance with applicable regulations.

                                                PENGEMBANGAN KOMPETENSI                                     COMPETENCY DEVELOPMENT FOR
                                                CORPORATE SECRETARY & LEGAL                                 CORPORATE SECRETARY & LEGAL

                                                Perseroan mendukung Corporate Secretary & Legal             The Company supports the Corporate Secretary &
                                                untuk mengikuti pengembangan kompetensi melalui             Legal in pursuing competency development through
                                                berbagai kegiatan seperti pelatihan, workshop, seminar,     various activities such as training programs, workshops,
Tata Kelola Perusahaan - Corporate Governance




                                                atau berpartisipasi dalam sosialisasi regulasi terbaru.     seminars, and participation in the socialization of the
                                                Mengingat peran penting Sekretaris Perusahaan sebagai       latest regulations. Given the important role of the
                                                penghubung antara Perseroan dan berbagai pihak              Corporate Secretary as a liaison between the Company
                                                internal dan eksternal, pengembangan kompetensi             and various internal and external parties, the scope
                                                Sekretaris Perusahaan cukup luas mencakup tugas dan         of competency development is broad and covers the
                                                tanggung jawabnya, serta hal-hal lain yang mencakup         Corporate Secretary’s duties and responsibilities, as well
                                                regulasi pasar modal atau keberlanjutan. Sekretaris         as matters related to capital market regulations and
                                                Perusahaan juga mengikuti perkembangan terkini              sustainability. The Corporate Secretary also follows the
                                                terkait keberlanjutan mengingat perannya sebagai unit       latest development regarding sustainability given his
                                                pengelola program keberlanjutan dan penanggung jawab        role as the unit in charge of sustainability program and
                                                pelaporannya dalam Laporan Keberlanjutan.                   responsible for the reporting of Sustainability Report.

                                                Informasi mengenai daftar kegiatan pelatihan dan            Information on the list of training and competency
                                                peningkatan kompetensi yang diikuti Corporate               development activities attended by the Corporate
                                                Secretary & Legal sepanjang tahun 2025 dapat dilihat        Secretary & Legal throughout 2025 can be found in
                                                pada Laporan Keberlanjutan dalam Laporan Terintegrasi       the Sustainability Report within this Integrated Report.
                                                ini.

                                                PELAKSANAAN TUGAS CORPORATE                                 IMPLEMENTATION OF CORPORATE
                                                SECRETARY & LEGAL                                           SECRETARY & LEGAL DUTIES

                                                Pelaksanaan tugas Corporate Secretary & Legal               The implementation of the Corporate Secretary & Legal’s
                                                diklasifikan ke dalam beberapa fungsi dengan rincian        duties is seen in several functions as follows:
                                                sebagai berikut:

                                                Legal & Corporate Governance                                Legal & Corporate Governance
                                                Memastikan kepatuhan GMF terhadap segala peraturan          Ensured GMF’s compliance with the prevailing laws and
                                                perundang-undangan yang berlaku terkait dengan              regulations in terms of business operation and others.
                                                operasional dan peraturan lainnya. Kepatuhan ini            This compliance also covered the GCG principles and
                                                termasuk kepatuhan Perseroan dalam menerapkan               administration of the Company's documents. Providing
                                                prinsip-prinsip GCG, sekaligus pendokumentasian             analysis and consultation related to legal issues in
                                                dokumen-dokumen Perseroan. Menyediakan analisis             general, Company policies and its management to
                                                dan konsultasi terkait masalah hukum pada umumnya,          ensure the suitability of the implementation of the
                                                kebijakan Perseroan dan penata kelolanya guna               Company's business activities.
                                                memastikan kesesuaian pelaksanaan kegiatan usaha
                                                Perseroan.

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                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
Business Contract                                                  Business Contract
Menyusun dan mengevaluasi perjanjian atau kerja sama               Prepare and evaluate the agreements or cooperations
dengan pihak ketiga untuk memastikan kepentingan                   with third parties to protect GMF's interests in terms
GMF terlindungi baik dari sisi bisnis maupun hukumnya.             of business and legal perspectives. The forms of
Adapun bentuk kerja sama yang terjadi selama tahun                 cooperation throughout 2025 can be seen in the
2025 dapat dilihat pada bagian Kerja Sama dengan Mitra             Cooperation with Other Partners in the Company Profile
Lain di Bab Profil Perusahaan dalam Laporan Tahunan                Chapter within this Integrated Report.
Terintegrasi ini.

Komunikasi Perusahaan                                              Corporate Communication
GMF berkomitmen untuk menjalin komunikasi yang efektif             GMF is committed to maintaining effective communication
dengan publik dan pemangku kepentingan lainnya melalui             with the public and other stakeholders through various
berbagai saluran. Perseroan secara rutin menerbitkan               channels. The Company regularly issues press releases
siaran pers dan melakukan korespondensi dengan Otoritas            and conducts correspondence with the Financial Services




                                                                                                                                Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Jasa Keuangan (OJK) serta Bursa Efek Indonesia (BEI)               Authority (OJK) and the Indonesia Stock Exchange (IDX)
untuk memastikan keterbukaan informasi yang akurat dan             to ensure accurate and timely information disclosure.
tepat waktu. Selain itu, GMF secara berkala menyampaikan           In addition, GMF periodically provides employees with
informasi kepada karyawan mengenai kinerja perusahaan,             updates on company performance, key events, and
peristiwa penting, dan inisiatif strategis. Perseroan juga         strategic initiatives. The Company also provides platforms
menyediakan platform bagi karyawan untuk memberikan                for employees to share feedback and strategic insights to
masukan dan opini strategis guna mendorong peningkatan             support overall performance improvement.
kinerja secara keseluruhan.

Siaran Pers                                                        Press conference
Pada tahun 2025, GMF telah menerbitkan Siaran Pers                 In 2025, GMF has published 18 press releases which
sebanyak 18 siaran yang dimuat di website resmi                    also available on the Company's official website.
Perseroan.


                                                      Siaran Pers 2025
                                                    Press Release in 2025
                                                  Judul                                                Tanggal Terbit
 No.
                                                   Title                                               Published Date
        Raih Sertifikasi dari UK CAA, GMF Siap Perluas Pasar Global                               23 Januari 2025
   1.
        Achieved Certification of UK CAA, GMF Ready to Expand Global Market                       January 23, 2025

        GMF Eksplor Kemitraan Strategis di MRO Middle East 2025                                   13 Februari 2025
  2.
        GMF Explores Strategic Partnership in MRO Middle East 2025                                February 13, 2025

        Perkuat Ekspansi MRO Perkeretaapian dengan INKA Group                                     17 Februari 2025
  3.
        GMF Strengthens Railway MRO through Partnerships with INKA Group                          February 17, 2025

        GMF Optimalkan Perawatan Pesawat Jelang Peak Season Idul Fitri 2025                       21 Maret 2025
  4.
        GMF Optimizes Aircraft Maintenance for Eid al-Fitr Peak Season 2025                       March 21, 2025

        GMFI Cetak Kinerja Finansial Solid di Tengah Transformasi                                 16 April 2025
  5.
        GMFI Achieves Soild Financial Performance during Transformation                           April 16, 2025

        GMF, BIJB, dan Bappenas Resmikan Kemitraan Strategis                                      21 April 2025
  6.
        GMF, BIJB, and Bappenas Inaugurate Strategic Partnership                                  April 21, 2025

        GMF dan PLN Batam Lanjutkan Sinergi Strategis                                             3 Juni 2025
   7.
        GMF and PLN Batam Continue Strategic Synergy                                              June 3, 2025

        Gelar RUPS, GMFI Bukukan Laba USD26,9 Juta                                                5 Juni 2025
  8.
        GMFI Recorded USD26.9 Million Profit                                                      June 5, 2025

        GMF Perluas Langkah Strategis di Industri Pertahanan pada Indo Defence                    12 Juni 2025
  9.
        GMF Expands Strategic Presence in the Defense Industry at Indo Defence                    June 12, 2025

        Selesaikan Perawatan Helikopter Bell 412 ke-4 Milik TNI AD                                9 September 2025
  10.
        GMF Completed Maintenance of the Indonesian Army’s Bell 412 Helicopter                    September 9, 2025

        GMF Tingkatkan Kapabilitas sebagai MRO Terintegrasi di Asia Pasifik                       19 September 2025
  11.
        GMF Enhances Capabilities as an Integrated MRO in Asia Pacific                            September 19, 2025

        Perkuat Kinerja Operasional, GMF Angkat Direktur & Komisaris Baru                         26 September 2025
  12.
        Strengthening Operational Performance, GMF Appoints New Board                             September 26, 2025




                                                                                                                                311
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       01

                                                                                                        Siaran Pers 2025
     02                                                                                               Press Release in 2025
                                                                                                   Judul                                              Tanggal Terbit
                                                  No.
                                                                                                    Title                                             Published Date
    03                                                   GMF dan Pelita Air Sepakati Kemitraan Strategis                                         10 Oktober 2025
                                                  13.
                                                         GMF and Pelita Air Sign a Strategic Partnership                                         October 10, 2025

                                                         GMF Mantapkan Fondasi, RUPSLB Setujui Inbreng Aset Strategis dari API                   24 Oktober 2025
      04                                          14.
                                                         GMF Strengthens its Financial, EGMS Approves Contribution from API                      October 24, 2025

                                                         GMF dan BIJB Tandatangani Kerja Sama Strategis Pengembangan Kertajati                   14 November 2025
                                                  15.
                                                         GMF and BIJB Sign Strategic Partnership to Develop Kertajati                            November 14, 2025
     05
                                                         Dukung Misi Kenegaraan, GMF Tuntaskan Perawatan Dua Pesawat VIP                         26 November 2025
                                                  16.
                                                         Supporting State Missions, GMF Completes Maintenance of Two VIP’s                       November 26, 2025

                                                         GMF dan BIJB Selenggarakan Groundbreaking Kawasan Kertajati Aerospace                   8 Desember 2025
    06                                            17.
                                                         GMF and BIJB Hold Groundbreaking Ceremony for Kertajati Aerospace Park                  December 8, 2025

                                                         GMF dan Angkasa Pura Indonesia Tandatangani Akta Inbreng Lahan                          29 Desember 2025
                                                  18.
                                                         GMF and Angkasa Pura Indonesia Sign Strategic Land Contribution Deed                    December 29, 2025



                                                Kegiatan Legal & Corporate Governance                             Legal & Corporate Governance Activities
                                                Memastikan kepatuhan GMF terhadap segala peraturan                Ensure GMF complies with all laws and regulations
                                                perundang-undangan yang berlaku terkait dengan                    concerning the Company's operations and others.
                                                operasional bisnis Perseroan maupun peraturan lainnya.            This compliance includes applying the principles of
                                                Kepatuhan ini termasuk kepatuhan dalam menerapkan                 Good Corporate Governance, as well as administration
                                                prinsip-prinsip Good Corporate Governance, sekaligus              of Company documents. These activities, in 2025,
Tata Kelola Perusahaan - Corporate Governance




                                                pendokumentasian dokumen-dokumen Perseroan.                       comprised of:
                                                Kegiatan tersebut pada tahun 2025, di antaranya:
                                                1. P e n y a m p a i a n L a p o r a n H a r t a Ke k a y a a n   1. Submission of State Officials' Wealth Report (LHKPN)
                                                    Penyelenggaraan Negara (LHKPN) kepada Komisi                     to the Corruption Eradication Commission (KPK) by
                                                    Pemberantasan Korupsi (KPK) oleh Direksi;                        the Board of Directors;
                                                2. Penandatanganan Pernyataan Kepatuhan atas Kode                 2. Signing of the Statement of Compliance with the
                                                    Etik Perseroan (Code of Conduct);                                Company's Code of Ethics (Code of Conduct);
                                                3. Pelaksanaan kegiatan pengendalian gratifikasi                  3. Implementation of gratuity control activities as
                                                    sebagaimana diatur dalam Surat Keputusan Direktur                stipulated in the President Director Decree No. DT/
                                                    Utama Nomor DT/SKEP-5032/25 tanggal 12 Desember                  SKEP-5032/25 dated 12 December 2025 concerning
                                                    2025 tentang Kebijakan Pengendalian Gratifikasi dan              the Gratuity Control Policy and the Implementation
                                                    Penerapan Manajemen Anti Penyuapan di Lingkungan                 of Anti-Bribery Management within PT Garuda
                                                    PT Garuda Maintenance Facility Aero Asia Tbk;                    Maintenance Facility Aero Asia Tbk;
                                                4. Terkait kebijakan pengendalian gratifikasi dan                 4. Regarding the gratification control policy and
                                                    Whistleblowing System, Perseroan menetapkan                      Whistleblowing System, the Company has determined
                                                    fungsi Compliance Officer yang diatur dalam Surat                the Compliance Officer function as stipulated in
                                                    Keputusan Keputusan Direktur Utama Nomor DT/                     the Decree of the President Director Number DT/
                                                    SKEP-5020/20 tanggal 14 Oktober 2020 sebagai                     SKEP-5020/[20 dated October 14th ,2020as the
                                                    pihak yang bertanggung jawab secara kolektif                     party collectively responsible for preparing reports
                                                    dalam pembuatan laporan efektivitas pengendalian                 on the effectiveness of gratification control and
                                                    gratifikasi dan berperan menjaga mekanisme                       playing a role in maintaining the Whistleblowing
                                                    Whistleblowing System;                                           System mechanism;
                                                5. Pembayaran pajak pribadi tepat waktu dan tepat                 5. Payment of personal taxes on time and in the correct
                                                    jumlah;                                                          amount;
                                                6. Penyampaian laporan Daftar Khusus Kepemilikan                  6. Submission of the Special List of Share Ownership
                                                    Saham Direksi dan anggota keluarganya guna                       Reports of the Directors and their family members
                                                    menghindari benturan kepentingan secara berkala                  to avoid conflicts of interest periodically every year;
                                                    setiap tahun;                                                    Increasing the effectiveness of the Whistleblowing
                                                7. Peningkatan efektivitas Whistleblowing System                  7. System through reviewing the effectiveness
                                                    melalui peninjauan efektivitas dan penindaklanjutan              and following up on every report received by the
                                                    setiap pelaporan yang masuk oleh pihak yang                      party tasked with managing violation reports and
                                                    bertugas untuk mengelola pelaporan pelanggaran                   optimizing the delivery of the Whistleblowing System
                                                    dan optimalisasi penyampaian Whistleblowing                      through several media every six months.
                                                    System melalui beberapa media setiap enam bulan
                                                    sekali.


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                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                    Internal Audit
                                                                                                                   Internal Audit




Internal Audit bertugas membantu manajemen dalam                      Internal Audit is responsible for assisting the management
memaksimalkan efektivitas pengendalian intern. Internal               in optimizing the effectiveness of internal control.
Audit berperan sebagai assurance and consultant dalam                 Internal Audit acts as an assurance and consultant in
mengevaluasi sistem pengendalian internal, pengelolaan                evaluating the internal control system, risk management,
risiko, dan penerapan GCG atas kegiatan operasional.                  and the GCG implementation in operational activities.




                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                      PROFILE OF INTERNAL AUDIT HEAD
PROFIL KEPALA INTERNAL AUDIT
                                                                      Based on Decree No. DC/SKEP–5074/25 dated
Berdasarkan Surat Keputusan No. DC/SKEP – 5074/25                     14 March 2025 and the approval of the Board of
tanggal 14 Maret 2025 dan persetujuan Dewan                           Commissioners through Letter No. GMF/DEKOM-031/21
Komisaris dengan surat No. GMF/DEKOM-031/21                           dated September 30, 2021, the Company appointed
tanggal 30 September 2021, Perseroan menunjuk                         Deddy Fezantino as Head of the Internal Audit Unit.
Deddy Fezantino sebagai Kepala Unit Internal Audit.                   The appointment as Group Head was based on the
Pengangkatan menjadi Group Head berdasarkan pada                      individual’s qualifications, competencies, and expertise
aspek kemampuan, kompetensi, dan keahlian sesuai                      in accordance with the Company’s requirements.
yang dipersyaratkan Perseroan.
                                                                      STRUCTURE AND POSITION OF
 Deddy Fezantino
 Kepala Unit Internal Audit
 Head of Internal Audit Unit

 Periode Jabatan               Menjabat sejak 22 November 2021
 Period                        Serving since November 22, 2021

                               Warga Negara Indonesia | Indonesian Citizen
 Data Pribadi
                               Umur 50 tahun | 50 years old
 Personal Data
                               Kelahiran Padang, 8 Februari 1975 | Born in Padang on February 8, 1975

 Domisili                      Bekasi, Jawa Barat, Indonesia
 Domicile                      Bekasi, West Java, Indonesia

 Bergabung di GMF              1 September 2014 sebagai GM Budgeting & Controlling
 Join GMF                      September 1, 2014, as the GM Budgeting & Cotrolling

                               •   Magister Administrasi dan Kebijakan Bisnis – Universitas Indonesia (2004)
 Pendidikan                        Master of Business Policy & Administration – University of Indonesia (2004)
 Education                     •   Sarjana Akuntansi – Universitas Indonesia (1998)
                                   Bachelor of Accounting - University of Indonesia (1998)

                               •   VP Accounting, PT GMF AeroAsia Tbk (2018-2021)
                               •   GM Management Reporting & Financial Planning, PT GMF AeroAsia Tbk (2016-2018)
                               •   GM Payable & Receivable Accounting, PT GMF AeroAsia Tbk (2015-2016)
                               •   GM Budgeting & Controlling, PT GMF AeroAsia Tbk (2014-2015)
 Pengalaman Kerja
                               •   Finance Manager, PT Indonesia Air Transport Tbk (2010-2014)
 Work Experience
                               •   Department Head of Accounting, PT Aero Systems Indonesia (2005-2010)
                               •   Tax, Finance & Accounting Supervisor, PT Indomobil Trada Nasional (2004-2005)
                               •   Accounting Section Head, PT Tempo Inti Media Tbk (1999-2004)
                               •   Administration Staff, IPMI Management Center (1998)

 Jabatan Rangkap               VP Internal Audit, PT GMF Aero Asia Tbk (2020-saat ini)
 Concurrent Position           VP Internal Audit, PT GMF Aero Asia Tbk (2020-present)

                               •   Qualified Internal Auditor (QIA) dari Yayasan      •   Qualified Internal Auditor (QIA) from the Internal
                                   Pendidikan Internal Audit (YPIA) (2022-saat ini)       Audit Education Foundation (YPIA) (2022-present)
                               •   Chartered Accountant (CA) dari Ikatan Akuntan      •   Chartered Accountant (CA) from Institute of
 Sertifikasi Profesi
                                   Indonesia (2014-saat ini)                              Indonesia Chartered Accountants (2014-present)
 Professional Certification
                               •   Certified Risk Management Professional (CRMP)      •   Certified Risk Management Professional (CRMP)
                                   dari Badan Nasional Sertifikasi Profesi (BNSP)         from National Professional Certification Body
                                   (2025-saat ini)                                        (BNSP) (2025-current)




                                                                                                                                               313
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       01

                                                STRUKTUR DAN KEDUDUKAN                                         INTERNAL AUDIT
     02                                         INTERNAL AUDIT
                                                                                                               The Company’s Internal Audit structure refers to Decree
                                                Struktur Internal Audit Perusahaan mengacu pada Surat          No. DC/SKEP-5074/25 on March 14, 2025, concerning
    03                                          Keputusan No. DC/SKEP-5074/25 tentang Struktur                 the Organization Structure of Internal Audit of PT Garuda
                                                Organisasi Unit Internal Audit PT Garuda Maintenance           Maintenance Facility AeroAsia Tbk. The Internal Audit
                                                Facility AeroAsia Tbk tanggal 14 Maret 2025. Kedudukan         Unit is positioned under the President Director.
                                                Unit Internal Audit berada langsung di bawah Direktur
      04
                                                Utama.
                                                                                                               By the end of 2025, the Company’s internal auditors
                                                Hingga akhir tahun 2025, jumlah auditor internal               comprised of 17 people.
     05                                         Perseroan adalah sebanyak 17 orang.


    06                                                                                     Jabatan                                           Jumlah Karyawan
                                                                                           Position                                           Total Employee
                                                 Group Head                                                                                                           1

                                                 Division Head                                                                                                       2

                                                 Lead Auditor                                                                                                        5

                                                 Senior Auditor                                                                                                      3

                                                 Auditor                                                                                                             6

                                                Jumlah
                                                                                                                                                                    17
                                                Total

                                                                                                               AUDITOR PROFESSIONAL
Tata Kelola Perusahaan - Corporate Governance




                                                KUALIFIKASI ATAU SERTIFIKASI                                   QUALIFICATION OR CERTIFICATION
                                                PROFESI AUDITOR
                                                                                                               Most of the Company’s internal auditors are a certified
                                                Mayoritas auditor internal Perseroan telah tersertifikasi      QIA. The information is available in the following table:
                                                QIA. Informasi tersebut dapat dilihat di tabel berikut:


                                                                                                          Jumlah Personil
                                                                                                            Terserfikasi     Persentase Terhadap Keseluruhan Tim
                                                            Sertifikasi                    Jabatan            (orang)                    Internal Audit
                                                           Certification                   Position          Certified        Percentage Against the Entire Internal
                                                                                                             Personnel                     Audit Team
                                                                                                              (person)
                                                 Certified Risk Management          Group Head
                                                                                                                3                               18%
                                                 Professional (CRMP)                Lead Auditor

                                                 Certified Risk Management
                                                                                    Senior Auditor               1                              6%
                                                 Officer (CRMO)

                                                 Chartered Accountants (CA)         Group Head                   1                              6%

                                                                                    Group Head
                                                                                    Division Head
                                                 Qualified Internal Auditor (QIA)   Lead Auditor Senior         12                              71%
                                                                                    Auditor
                                                                                    Auditor

                                                                                                               CODE OF CONDUCT FOR AUDITOR
                                                KODE ETIK AUDITOR
                                                                                                               The code of conduct for the Company’s internal auditor
                                                Kode Etik yang berlaku bagi auditor internal Perseroan         covers the following:
                                                adalah:                                                        1. Integrity, by demonstrating integrity in work and
                                                1. Integritas, dengan mendemonstrasikan integritas                behavior.
                                                   dalam pekerjaan dan perilaku.                                  1.1. Carry out their work in a professional manner
                                                   1.1. Melaksanakan pekerjaannya secara professional             based on the principles of honesty and courage.
                                                   berlandaskan prinsip kejujuran dan keberanian.                 1.2. Understand, respect, fulfill, and contribute to
                                                   1.2. Memahami, menghormati, memenuhi, dan                      applicable ethics and be able to identify behaviors
                                                   berkontribusi terhadap etika yang berlaku dan                  that conflict with these ethics.


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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
   mampu mengidentifikasi perilaku yang bertentangan           1.3. Understand and comply with applicable laws
   dengan etika tersebut.                                      both inside and outside the Company area.
   1.3. Memahami dan mematuhi perundang-undangan
   yang berlaku baik di dalam maupun luar area
   Perusahaan.                                             2. Objectivity, by maintaining an impartial and unbiased
2. Objektivitas, dengan mempertahankan sikap tidak            attitude when performing internal audit services and
   memihak dan tidak bias ketika melakukan jasa audit         making decisions.
   internal dan mengambil keputusan.                          2.1. Maintain professional objectivity when performing
   2.1. Menjaga objektivitas profesional ketika               engagements.
   melaksanakan penugasan.                                    2.2. Not accepting tangible or intangible items, such
   2.2. Tidak menerima barang berwujud atau tidak             as gifts, rewards, or favors, that could impair or be
   berwujud, seperti hadiah, imbalan, atau bantuan,           perceived to impair objectivity.
   yang dapat mengganggu atau dianggap mengganggu
   objektivitas                                                2.3. Disclose any weakening of objectivity in fact or




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
   2.3. Mengungkap pelemahan objektivitas baik secara          appearance to interested parties.
   fakta maupun penampilan (in fact or appearance)
   kepada pihak yang berkepentingan.
                                                           3. Competence, by applying the knowledge, skills
3. Kompetensi, dengan menerapkan pengetahuan,                 and abilities to fulfill their roles and responsibilities
   keterampilan, dan kemampuan untuk memenuhi                 successfully.
   peran dan tanggung jawabnya dengan sukses.                 3.1. Have the competence to carry out their
   3.1. Memiliki kompetensi untuk melaksanakan                responsibilities and continuously develop and
   tanggung jawabnya dan terus mengembangkan                  apply the competencies necessary to fulfill their
   serta menerapkan kompetensi yang diperlukan untuk          professional responsibilities.
   memenuhi tanggung jawab profesionalnya.                    3.2. Pursue continuous professional development
   3.2. Mengupayakan pengembangan profesional                 including education and training.
   berkelanjutan termasuk pendidikan dan pelatihan.
                                                           4. Professional Care, by applying professional care in
4. Kecermatan Profesional, dengan menerapkan                  planning and performing internal audit services.
   kecermatan profesional dalam merencanakan dan
   melaksanakan jasa audit internal.                           4.1. Plan and perform internal audit services in
   4.1. Merencanakan dan melaksanakan jasa audit               accordance with Global Internal Auditing Standards.
   internal sesuai dengan Standar Audit Internal Global.       4.2. Apply professional care by assessing the nature,
   4.2. Menerapkan kecermatan profesional dengan               circumstances, and requirements of the services to
   menilai sifat, keadaan, dan persyaratan jasa yang           be provided.
   akan diberikan.                                             4.3. Exercise professional skepticism when planning
   4.3. Melaksanakan skeptisisme profesional ketika            and performing internal audit services.
   merencanakan dan melaksanakan jasa audit internal.
                                                           5. Confidentiality, by using and protecting information
5. Kerahasiaan, dengan menggunakan dan melindungi             appropriately.
   informasi dengan tepat.                                    5.1. Not disseminate information for personal gain
   5.1. Tidak menyebarkan informasi untuk keuntungan          or in a manner contrary to Company regulations.
   pribadi atau dengan cara yang bertentangan dengan
   peraturan Perusahaan.                                       5.2. Protect information and maintain the
   5.2. Melindungi informasi dan menjaga kerahasiaan,          confidentiality, privacy, and ownership of information
   privasi, dan kepemilikan informasi yang diperoleh           obtained while performing internal audit services or
   saat melakukan jasa audit internal atau sebagai hasil       as a result of a professional relationship.
   hubungan profesional.
                                                           WORK GUIDELINES
PEDOMAN KERJA


              Piagam Internal Audit telah diunggah di website resmi GMF dan dapat diakses oleh
                                                        publik
               Internal Audit Charter has been uploaded to the official website of GMF and accessible
                                                    for the public

                                                    CLICK HERE




                                                                                                                          315
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       01

                                                Dalam menjalankan tugas dan tanggung jawabnya,               In carrying out its duties and responsibilities, Internal
     02                                         Internal Audit mengacu pada pedoman kerja sebagai            Audit refers to the following work guidelines:
                                                berikut:
                                                1. Piagam Internal Audit                                     1. Internal Audit Charter
    03                                              Piagam Internal Audit merupakan rujukan tertinggi           The Internal Audit Charter is the highest reference
                                                    pelaksanaan aktivitas Audit Internal yang ditetapkan        for the implementation of Internal Audit activities
                                                    oleh Direktur Utama dan Komisaris Utama. Piagam             determined by the President Director and the Chief
                                                    Internal Audit pertama kali disahkan pada bulan             Commissioner. The Internal Audit Charter was first
      04
                                                    Januari 2005. Dokumen tersebut telah dikaji ulang           ratified in January 2005. The document has been
                                                    kembali dalam rangka penyesuaian peraturan kondisi          reviewed again in the context of adjusting the
                                                    dan organisasi Perseroan disahkan pada tanggal              Financial Services Authority (OJK) regulations and
     05                                             27 Desember 2024. Piagam Internal Audit berisi              ratified on December 27, 2024. The Internal Audit
                                                    visi, misi, sasaran audit internal, kedudukan unit          Charter contains the vision, mission, internal audit
                                                    Internal Audit, wewenang, kewajiban, independensi,          objectives, the position of the Internal unit Audit,
    06                                              tanggung jawab, standar audit, ruang lingkup                authority, obligation, independence, responsibility,
                                                    kegiatan Audit, hubungan dengan eksternal auditor           audit standards, the scope of Audit activities,
                                                    dan Komite Audit.                                           relations with external auditors and the Audit
                                                                                                                Committee.

                                                2. Kebijakan Internal Audit                                  2. Internal Audit Policy
                                                   Kebijakan Internal Audit merupakan hasil dari revisi         The Internal Audit Policy is the result of a revision
                                                   yang disahkan pada 10 Mei 2017, sebagai salah                that was passed on May 10, 2017, as one step in
                                                   satu langkah dalam menyeleraskan dengan kondisi              harmonizing with existing organizational conditions
                                                   organisasi yang ada serta menyesuaikan format SOP            and adjusting the latest SOP format. Internal
                                                   terbaru. Kebijakan Internal Audit berisi peran dan           Audit Policy contains roles and responsibilities,
Tata Kelola Perusahaan - Corporate Governance




                                                   tanggung jawab, standar profesi, kebijakan, penilaian        professional standards, policies, risk assessment
                                                   risiko dan perencanaan audit, layanan audit, bukti           and audit planning, audit services, evidence and
                                                   dan kertas kerja audit, pengendalian aktivitas audit         audit working papers, internal audit activity control,
                                                   internal, monitoring aktivitas audit internal, sistem        internal audit activity monitoring, internal audit
                                                   informasi unit audit internal, layanan investigasi,          unit information systems, investigation services,
                                                   layanan advis, dan pengembangan karir auditor                advisory services, and auditor career development
                                                   dan konseling.                                               and counseling.

                                                3. Prosedur Bisnis dan Instruksi Kerja                       3. Business Procedures and Work Instructions
                                                   Prosedur bisnis dan instruksi kerja ditetapkan oleh VP       Business procedures and work instructions are
                                                   Internal Audit sebagai panduan operasional aktivitas         established by VP Internal Audit as a guide to
                                                   Internal Audit. Prosedur bisnis yang telah ditetapkan        operational activities for Internal Audit. The
                                                   yakni, PB-07-002 Audit internal dan tindak lanjut Atas       established business procedures are PB-07-002
                                                   Audit internal, PB-07-010 Pelayanan Jasa Konsultasi          Internal Audit and follow-up to Internal Audit, PB07-
                                                   dan PB-07-003 Quality Assurance Review. Instruksi            010 Consultancy Services and PB-07-003 Quality
                                                   kerja yang telah ditetapkan seperti Pelaksanaan              Assurance Review. Work instructions that have been
                                                   Entry Meeting, Pendokumentasian Kertas Kerja Audit,          determined include the Implementation of Entry
                                                   Penyusunan Laporan Hasil Audit, Pengelolaan Tindak           Meetings, Documentation of Audit Working Papers,
                                                   Lanjut Audit, dan Penyusunan Laporan Interim Audit.          Preparation of Audit Reports, Management of Follow-
                                                   Saat ini Unit Internal Audit sedang melakukan review         Up Audit, and Preparation of Interm Audit Reports.
                                                   terhadap SOP yang ada disesuaikan dengan kondisi
                                                   dan situasi organisasi Perseroan saat ini.

                                                Internal Audit juga bekerja dengan berpedoman pada           Internal Audit also works according to the Audit Plan and
                                                Audit Plan dan perangkat operasional melalui aplikasi        operational tools such as those available in the Audit
                                                Audit Work System (AWS).                                     Work System (AWS) application.

                                                TUGAS, KEWENANGAN, DAN RUANG                                 DUTIES, AUTHORITIES, AND SCOPE OF
                                                LINGKUP KEGIATAN                                             ACTIVITIES

                                                Kewenangan Internal Audit adalah sebagai berikut:            The authorities of Internal Audit are as follows:
                                                1. Memiliki akses tanpa batas terhadap data, catatan,        1. Have unrestricted access to necessary data, records,
                                                   informasi, personel, dan properti fisik yang diperlukan      information, personnel, and physical property related
                                                   terkait dengan tugas dan fungsi audit internal.              to internal audit duties and functions.




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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
2. Melakukan komunikasi secara langsung dengan                2. Communicate directly with the Board of Directors,
   Direksi, Dewan Komisaris dan/atau Komite Audit.               Board of Commissioners and/or Audit Committee.
3. Melakukan penyelenggaraan rapat secara berkala             3. Organize regular and incidental meetings with the
   dan insidentil dengan Direksi, Dewan Komisaris, dan           Board of Directors, Board of Commissioners, and
   Komite Audit.                                                 Audit Committee.
4. Melakukan koordinasi kegiatan Audit Internal dengan        4. Coordinating Internal Audit activities with External
   kegiatan Auditor Eksternal agar tidak terjadi duplikasi       Auditor activities to avoid duplication of audit
   proses audit pada area yang sama.                             processes in the same area.
5. Memberikan jasa advisori dan asurans terkait hal           5. Provide advisory and assurance services related to
   yang bersifat strategis baik pada saat perencanaan            strategic matters both during planning and during
   maupun pada saat pelaksanaan kegiatan operasional             the implementation of operational activities such as
   seperti audit kinerja, asurans mengenai pengendalian          performance audits, assurance regarding internal
   internal atas pelaporan keuangan, dan investigasi.            control over financial reporting, and investigations.
6. Mengalokasikan sumber daya audit termasuk                  6. Allocate audit resources including the selection of




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
   melakukan pemilihan sumber daya manusia yang                  competent human resources, determine the focus,
   kompeten, menentukan fokus, ruang lingkup dan jadwal          and selection of competent human resources,
   audit, serta menerapkan teknik yang dipandang perlu           determining the focus, scope and schedule of the
   untuk mencapai tujuan audit. Jika dipandang perlu,            audit, and applying techniques deemed necessary
   audit internal memiliki wewenang untuk mendapatkan            to achieve the audit objectives applying techniques
   saran dan nasehat dari tenaga profesional (tenaga             deemed necessary to achieve the audit objectives.
   ahli) dengan biaya perusahaan. Jika sumber daya               If necessary, internal audit is authorized to obtain
   yang dimiliki tidak cukup untuk mencakup penugasan            advice and counsel from professionals (experts)
   yang direncanakan, audit internal dapat meminta               at company expense. If resources are insufficient
   seorang ahli dari dalam perusahaan untuk bertindak            to cover planned engagements, internal audit may
   sebagai auditor tamu, mempekerjakan staf tambahan,            request an expert from within the company to act
   mengandalkan penyedia asurans lain, mengembangkan             as a guest auditor, hire additional staff, rely on other
   program rotasi audit, atau kontrak dengan penyedia            assurance providers, develop an audit rotation
   jasa eksternal.                                               program, or contract with external service providers.
7. Wewenang Auditor Internal sebatas pada penilaian           7. The authority of the Internal Auditor is limited to the
   dan analisa atas aktifitas yang direviu/diaudit.              assessment and analysis of the activities reviewed/
   Auditor Internal tidak mempunyai wewenang dalam               audited. The Internal Auditor has no authority in
   hal pelaksanaan dan tanggung jawab atas aktifitas             terms of implementation and responsibility for the
   yang direviu/diaudit tersebut.                                activities reviewed/audited.

Ruang lingkup Internal Audit adalah sebagai berikut:          The scope of Internal Audit work is as follow:

Mencakup seluruh organisasi yang menjadi tanggung             It covers the entire organization for which the internal
jawab fungsi audit internal (baik jasa asurans maupun         audit function is responsible (both assurance and
jasa advisori). Hal ini mencakup seluruh aktivitas, aset,     advisory services). This includes all activities, assets,
dan personel dari perusahaan termasuk anak usaha,             and personnel of the company including subsidiaries,
meliputi:                                                     including:
1. Efektivitas pelaksanaan tata kelola, manajemen             1. The effectiveness of the Company's governance,
    risiko, dan pengendalian internal Perusahaan.                 risk management, and internal controls.
2. Efisiensi dan efektivitas di bidang keuangan, komersial,   2. Efficiency and effectiveness in financial, commercial,
    operasional, sumber daya manusia, teknologi informasi         operational, human resources, information
    dan keamanan siber, dan kegiatan lainnya.                     technology and cybersecurity, and other activities.
3. Efisiensi dan efektivitas ketaatan terhadap kebijakan,     3. Efficiency and effectiveness of compliance with
    prosedur, peraturan dan etika organisasi yang                 applicable policies, procedures, regulations and
    berlaku.                                                      organizational ethics.
4. Tata kelola teknologi informasi, risiko fraud, dan         4. Information technology governance, fraud risk, and
    bidang berisiko tinggi lainnya.                               other high-risk areas.
5. Menjamin pelaksanaan audit internal pada masing-           5. Ensure the implementation of internal audit at each
    masing Anak Perusahaan.                                       Subsidiary.




                                                                                                                            317
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       01

                                                PENGEMBANGAN KOMPETENSI                                     COMPETENCY DEVELOPMENT FOR
     02                                         INTERNAL AUDIT                                              INTERNAL AUDIT

                                                Perusahaan mendukung Audit Internal untuk mengikuti         The Company supports the Internal Audit in pursuing
    03                                          pengembangan kompetensi melalui berbagai kegiatan           competency development through various activities
                                                seperti pelatihan, workshop, seminar, atau berpartisipasi   such as training programs, workshops, seminars, and
                                                dalam sosialisasi regulasi terbaru.                         participation in the socialization of the latest regulations.
      04
                                                Informasi mengenai daftar kegiatan pelatihan dan            Information on the list of Internal Audit’s training and
                                                peningkatan kompetensi yang diikuti pejabat dan             development programs for its executives and officers
                                                personil Internal Audit sepanjang tahun 2025 dapat          throughout 2025 is available in Sustainability Report of
     05                                         dilihat pada Laporan Keberlanjutan dalam Laporan            this Integrated Report.
                                                Terintegrasi ini.

    06                                          PELAKSANAAN TUGAS INTERNAL                                  IMPLEMENTATION OF INTERNAL AUDIT
                                                AUDIT                                                       DUTIES

                                                Unit Internal Audit telah merealisasikan Audit Plan         The Internal Audit Unit has implemented the Audit Plan
                                                untuk periode tahun 2025 sebanyak 10 pemeriksaan.           for the 2025 period with 10 audits. Overall, there are 7
                                                Adapun secara keseluruhan atas laporan pengawasan           monitoring reports by Internal Audit issued during 2025,
                                                oleh Internal Audit yang diterbitkan selama tahun 2025      including annual audits and audits at the request of the
                                                sebanyak 7 laporan, termasuk di dalamnya pemeriksaan        Management. Apart from carrying out inspections, the
                                                tahunan dan permeriksaan atas permintaan Manajemen.         Internal Audit unit also carries out other work programs
                                                Selain menjalankan pemeriksaan, unit Internal Audit         which include the following activities:
                                                juga melaksanakan program kerja lainnya yang meliputi
Tata Kelola Perusahaan - Corporate Governance




                                                kegiatan sebagai berikut:
                                                1. Melaksanakan Program Kerja Audit Tahunan                 1. Implement the Annual Audit Plan
                                                2. Melaksanakan Audit atas Permintaan Manajemen             2. Implement the Management-Requested Audits
                                                3. Menjalankan fungsi escort untuk Auditor/Asessor          3. Perform the Escort Function for External Auditors/
                                                    Eksternal                                                  Assessors
                                                4. Melaksanakan Monitoring atas Tindak Lanjut               4. Monitor the Implementation of Audit Recommendation
                                                    Rekomendasi Audit                                          Follow-Ups
                                                5. Melaksanakan Fungsi Konsultasi dan Advisory              5. Provide Consulting and Advisory Services
                                                6. Melaksanakan Fungsi Quality Assurance terhadap           6. Perform Quality Assurance over Audit Processes
                                                    Proses dan Hasil Audit                                     and Results
                                                7. Melaksanakan Assessment terhadap Internal Audit          7. Conduct Internal Audit Self-Assessment
                                                    (self/internal)
                                                8. Melaksanakan Komunikasi dengan Komite Audit              8. Conduct Communication with the Audit Committee
                                                9. Melaksanakan komunikasi dengan Direktur Utama            9. Conduct Communication with the President Director
                                                10. Melaksanakan Tata Kelola Terintegrasi                   10. Implement Integrated Governance
                                                11. Melaksanakan pemenuhan Human Capital Readiness          11. Fulfill Human Capital Readiness (HCR) Requirements
                                                    (HCR)
                                                12. Melaksanakan Internalisasi Budaya Kerja                 12. Implement Work Culture Internalization
                                                13. Melaksanakan Pengembangan Profesi Keberkelanjutan       13. Carry Out Continuous Professional Development for
                                                    Internal Audit                                              Internal Audit
                                                14. Melaksanakan Continuous Improvement                     14. Implement Continuous Improvement Initiatives
                                                15. Menyusun Program Kerja Pengawasan Tahunan 2026          15. Prepare the 2026 Annual Audit Work Program




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                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
QUALITY ASSURANCE REVIEW                                        QUALITY ASSURANCE REVIEW

GMF memiliki Quality Assurance Review (QAR) untuk               GMF has a Quality Assurance Review (QAR) to develop,
mengembangkan, menjaga, dan memperbaiki kualitas                maintain, and improve the quality of internal audit
audit internal sesuai standar Institute of Internal Auditors    according to the Institute of Internal Auditors (AII)
(AII) tahun 2016 oleh Badan Pengawas Keuangan dan               standard in 2016 by the Financial and Development
Pembangunan (BPKP), dengan hasil dari sisi kepatuhan            Supervisory Agency (BPKP), with the results in terms
tergolong “Patuh” dan dan dari sisi efektivitas kegiatan        of compliance classified as "Compliant" and in terms
tergolong “Cukup Efektif”.                                      of effectiveness of activities classified as "Moderately
                                                                Effective".

Perseroan telah melakukan peningkatan dari sisi                 The Company has improved its internal audit’s
kepatuhan dan efektivitas audit internal di tahun               compliance and effectiveness from 2018 to 2019 using
2018-2019 dengan merujuk kepada Opportunity of                  the Opportunity of Improvement (OFI) issued by BPKP.




                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Improvement (OFI) yang disampaikan oleh BPKP.

Pada tahun 2024 dilakukan assessment terhadap                   In 2024, an external assessment was carried out on
kualitas fungsi internal audit oleh pihak eksternal dan         the quality of the internal audit function and the result
pada proses tersebut memperoleh hasil Level 3 Dengan            is Level 3 With Notes (3 DC).
Catatan (3 DC).

MONITORING TINDAK LANJUT                                        MONITORING ON FOLLOW-UP OF
TEMUAN INTERNAL AUDIT 2022-2023                                 INTERNAL AUDIT FINDINGS IN 2022-
                                                                2023

Pada tahun 2025, Unit Internal Audit telah melakukan            In 2025, the Internal Audit Unit had monitored the follow-
monitoring tindak lanjut temuan auditor internal sebanyak       up action on the internal auditor’s 46 (forty-six) findings,
46 (empat puluh enam) temuan dengan status sebagai              which resulted in the following status:
berikut:


            Tahun                         Temuan
                                                                         Open                           Closed
             Year                         Finding
 2025                                                      32                             9                             23

 2024                                                      14                             0                             14

 Jumlah
                                                          46                              8                             38
 Total




                                                                                                                               319
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       01

                                                Quality Assurance & Safety
     02
                                                Quality Assurance & Safety

    03


      04
                                                Perseroan memiliki Quality Assurance & Safety untuk               The Company has a Quality Assurance & Safety to
                                                membantu manajemen menerapkan standar peraturan                   help the management comply with the national and
     05                                         undang-undang penerbangan, yang berlaku secara                    international aviation regulations to gain assurance of
                                                nasional dan internasional, untuk mendapatkan jaminan             aircraft maintenance's airworthiness.
                                                dalam mewujudkan proses pemeliharaan pesawat yang
    06                                          laik terbang.

                                                PROFIL KEPALA QUALITY ASSURANCE                                   PROFILE OF QUALITY ASSURANCE &
                                                & SAFETY                                                          SAFETY HEAD

                                                Quality Assurance & Safety dipimpin oleh seorang                  Quality Assurance & Safety is led by a Vice President
                                                Vice President (VP) yang bertanggung jawab langsung               (VP) who reports directly to the President Director.
                                                kepada Direktur Utama. Berdasarkan Surat Keputusan                Based on the Decree of the Director of Human Capital
                                                Direktur Human Capital & Corporate Affairs No. DC/                & Corporate Affairs No. DC/SKEP-5107/25 dated March
                                                SKEP-5107/25 tanggal 10 Maret 2025, Perseroan                     10, 2025, the Company appointed Rachmad Handono
                                                menunjuk Rachmad Handono sebagai Kepala Unit                      as Head of the Quality Assurance & Safety Unit. The
Tata Kelola Perusahaan - Corporate Governance




                                                Quality Assurance & Safety. Unit Quality Assurance &              Quality Assurance & Safety Unit is equipped with work
                                                Safety dilengkapi pedoman kerja yang tertuang dalam               guidelines contained in Decree No. DC/SKEP-5077/25
                                                Surat Keputsan No. DC/SKEP-5077/25 tentang Struktur               concerning Organizational Structure of the Quality
                                                Organisasi Unit Quality Assurance & Safety PT Garuda              Assurance & Safety Unit of PT Garuda Maintenance
                                                Maintenance facility Aero Asia Tbk.                               facility Aero Asia Tbk.


                                                Rachmad Handono
                                                Quality Assurance & Safety Group Head
                                                Head of Quality Assurance & Safety Unit

                                                Periode Jabatan                           Menjabat sejak 1 April 2025
                                                Period                                    Serving since April 1, 2025

                                                                                          Warga Negara Indonesia | Indonesian Citizen
                                                Data Pribadi
                                                                                          Usia 41 tahun | 41 years old
                                                Personal Data
                                                                                          Kelahiran Surabaya, 23 Februari 1984 | Born in Surabaya on February 23, 1984

                                                Domisili
                                                                                          Tangerang, Banten, Indonesia
                                                Domicile

                                                Bergabung di GMF                          9 September 2024 sebagai Assisstance Vice President Quality Assurance & Safety
                                                Join GMF                                  September 9, 2025 as the Assistance of Vice President Quality Assurance & Safety

                                                                                          S1 Teknik Mesin, Institut Teknologi Sepuluh Nopember (ITS) Surabaya (2007)
                                                Pendidikan
                                                                                          Bachelor of Machine Engineering, Sepuluh Nopember Institute of Technology (ITS) Surabaya
                                                Education
                                                                                          (2007)

                                                                                          •   Assistance Vice President GMF (September 2024 – Maret 2024)
                                                                                          •   Airworthiness Standard Division Head Garuda Indonesia (November 2023 – September
                                                                                              2024)
                                                                                          •   Senior Manager Airworthiness Standard Garuda Indonesia (Agustus 2018 – Oktober 2023)
                                                                                          •   Fleet Coordinator ATR Garuda Indonesia (Oktober 2014 – Agustus 2018)
                                                Pengalaman Kerja                          •   Aircraft Maintenance Planner (Maret 2010 – 30 September 2014)
                                                Work Experience                           •   Assistance Vice President GMF (September 2024 – March 2024)
                                                                                          •   Airworthiness Standard Division Head Garuda Indonesia (November 2023 – September
                                                                                              2024)
                                                                                          •   Senior Manager Airworthiness Standard Garuda Indonesia (August 2018 – October 2023)
                                                                                          •   Fleet Coordinator ATR Garuda Indonesia (October 2014 – August 2018)
                                                                                          •   Aircraft Maintenance Planner (March 2010 –September 30, 2014)




320
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                                                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
STRUKTUR QUALITY ASSURANCE &                                                    QUALITY ASSURANCE & SAFETY
SAFETY                                                                          STRUCTURE


                                                                   Quality Assurance & Safety




                                                                                                     Quality System & Auditing Base
                                         Assistant Group Head                                                 Maintenance
                                                                                                          Engine Maintenance

                                                                                                Component Maintenance & Specialized
                                                                                                            Services
                                                                                                Engineering, Material & Logistic Services

                                                                                                           Line Maintenance




                                                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
        Personnel Qualification   Base Maintenance       Line Maintenance
                                                                                                            Shop & Material                 AMO
           & Quality System        Aircraft Quality       Aircraft Quality       Safety Inspection
                                                                                                           Quality Inspection         Learning Services
            Documentation            Inspection             Inspection




               Personnel
                                                           Line Maintenance                                       Engine
             Qualification &       Base Maintenance                                                                                         Mandatory
                                                            Quality Control        SafetyPromotion          Maintenance Quality
             Quality System         Quality Group A                                                                                          Training
                                                                Group A                                           Control
             Documentation



                                                                                        Safety
                                                           Line Maintenance                                     Component
             Quality System        Base Maintenance                                  Performance                                             General
                                                            Quality Control                                   Services Quality
             Documentation          Quality Group B                                    Analysis &                                            Training
                                                                Group B                                           Control
                                                                                     Investigation




                                                           Line Maintenance                                     Receiving
                                   Base Maintenance
                                                            Quality Control                                 Material Inspection
                                    Quality Group C
                                                                Group C




                                   Base Maintenance        Line Maintenance
                                    Quality Group D         Quality Control
                                                                Group D




                                                           Line Maintenance
                                   Base Maintenance
                                                            Quality Control
                                    Quality Group E
                                                                Group E




                                   Base Maintenance
                                    Quality Group F




Pada akhir tahun 2025, jumlah personil unit Quality                             By the end of 2025, the Quality Assurance & Safety Unit
Assurance & Safety adalah sebanyak 251 orang.                                   had 251 people.


                                                                                                                                                    Jumlah
                                                            Jabatan                                                                                Pegawai
                                                            Position                                                                                 Total
                                                                                                                                                   Employee
Group Head                                                                                                                                                     1

Assistant Group Head                                                                                                                                           1

Senior Program Manager                                                                                                                                         1

Division Head                                                                                                                                                 11

Department Head                                                                                                                                               20

Senior Aircraft Quality Inspector                                                                                                                             26




                                                                                                                                                                   321
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       01

                                                                                                                                                                  Jumlah
     02                                                                                               Jabatan                                                    Pegawai
                                                                                                      Position                                                     Total
                                                                                                                                                                 Employee

    03                                           Aircraft Quality Inspector                                                                                                 39

                                                 Aircraft Maintenance Engineer                                                                                              31

                                                 Senior Aircraft Maintenance Technician                                                                                     27
      04
                                                 Certified Quality Auditor                                                                                                  10

                                                 Associate Quality Auditor                                                                                                  19
     05                                          Senior Quality System Engineer                                                                                              5

                                                 Quality System Engineer                                                                                                    17

    06                                           Quality System Support                                                                                                      7

                                                 Senior Qualification & Licensing Assessor                                                                                   2

                                                 Qualification & Licensing Assessor                                                                                          6

                                                 Senior Quality Material Inspector                                                                                           3

                                                 Quality Material Inspector                                                                                                  9

                                                 Senior Instructor                                                                                                           3

                                                 Instructor                                                                                                                  4

                                                 Training Planner                                                                                                            2

                                                 Senior Training Planner                                                                                                     1
Tata Kelola Perusahaan - Corporate Governance




                                                 Quality Material Receiving Officer                                                                                          6

                                                 Senior Shop Quality Inspector                                                                                               7

                                                 Shop Quality Inspector                                                                                                      5

                                                 Secretary                                                                                                                   1

                                                 Jumlah
                                                                                                                                                                           251
                                                 Total



                                                SERTIFIKASI PROFESI                                                  PROFESSIONAL CERTIFICATION

                                                Mayoritas personil Quality Assurance & Safety telah                  Most of the Quality Assurance & Safety personnel are
                                                tersertifikasi. Informasinya dapat dilihat di tabel berikut:         all certified professionals. The information is as follows:


                                                                                                                                                    Persentase Terhadap
                                                                                                                              Jumlah Personil
                                                                                                                                                   Keseluruhan Tim Internal
                                                        Sertifikasi                             Jabatan                     Terserfikasi (orang)
                                                                                                                                                              Audit
                                                       Certification                            Position                     Certified Personnel
                                                                                                                                                    Percentage Against the
                                                                                                                                   (person)
                                                                                                                                                   Entire Internal Audit Team
                                                                              Senior Aircraft Quality Inspector, Aircraft
                                                 Aircraft Maintenance
                                                                              Quality Inspector, Aircraft Maintenance                        96                           100%
                                                 Engineer License
                                                                              Engineer

                                                 Certified Quality Auditor    Certified Quality Auditor                                       10                          20%

                                                 Associate Quality Auditor    Associate Quality Auditor                                      26                           52%

                                                 Qualification & Licensing    Senior Qualification & Licensing Assessor,
                                                                                                                                               8                          100%
                                                 Assessor                     Qualification Licensing Assessor




322
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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
TUGAS DAN TANGGUNG JAWAB                                   DUTIES AND RESPONSIBILITIES

Tugas Quality Assurance & Safety adalah sebagai            The Quality Assurance & Safety has the following duties:
berikut:
1. Menjamin sistem mutu yang independen untuk              1. Ensuring an independent quality system to monitor
    memantau kepatuhan organisasi Perseroan terhadap          the Company's compliance with the requirements
    persyaratan otoritas, memfasilitasi implementasi          from the authorities, facilitating the Safety
    Safety Management System (“SMS”) termasuk                 Management System ("SMS") practice, including
    administrasinya agar kegiatan perawatan pesawat           its administration to ensure the Company’s aircraft
    yang dilakukan Perseroan dapat memenuhi standar           maintenance has met the high quality standards
    kualitas yang tinggi dan memenuhi ketentuan               and follow the national/international civil aviation
    penerbangan sipil nasional/internasional maupun           regulations and customer requirements, becoming
    persyaratan pelanggan, menjadi wakil kepercayaan          a trusted representative of the civil aviation authority
    otoritas penerbangan sipil dalam Perseroan, sebagai       within the Company, as an internal consultant in




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
    konsultan internal dalam aspek pemenuhan standar          terms of of compliance with quality standards and
    kualitas dan peraturan penerbangan sipil.                 civil aviation regulations.
2. Bertanggung jawab memantau implementasi sistem          2. Responsible for monitoring the Company’s quality
    mutu yang diterapkan Perseroan, mengeluarkan              system, issuing corrective orders if there was a
    perintah perbaikan yang harus dikeluarkan atas            deviation from the quality system, organizing the
    penyimpangan sistem mutu, mengorganisir                   manufacturing, development, improvement of the
    pembuatan dan pengembangan serta peningkatan              quality system to be in line with Company’s policies
    sistem mutu agar selaras dengan kebijakan                 and applicable regulations and standards, developing
    Perseroan dan sesuai dengan ketentuan regulasi            a system to determine product airworthiness
    serta standar yang berlaku, pengembangan sistem           and compliance with civil aviation and customer
    untuk menentukan airworthiness produk dan                 requirements, formulating quality policies.
    pemenuhan ketentuan penerbangan sipil serta
    pelanggan, merumuskan kebijakan kualitas.
3. Ber tanggung jawab dalam menangani dan                  3. Responsible for managing and controlling the
    mengendalikan pemberian mandatory training (CASR          mandatory training (CASR 145) for all employees
    145) yang dipersyaratkan bagi seluruh karyawan            and guiding all mentors to increase the competencies
    Perseroan serta melakukan pembinaan seluruh mentor        (knowledge, skill and attitude) of authorized persons
    yang ada untuk peningkatan kompetensi (knowledge,         in the Company.
    skill, attitude) authorized persons di Perseroan.
4. Melaksanakan program efisiensi.                         4. Performing an efficiency program.
5. Membuat rencana kerja tahunan melalui Balanced          5. Preparing an annual work plan through the Balanced
    Scorecard serta alignment-nya.                            Scorecard and its alignment.
6. Menjalankan PDCA Cycle dalam setiap aktivitas Unit      6. Performing the PDCA Cycle on all activities of the
    1 (satu) tingkat di bawah Direksi yang membidangi         Unit 1 (one) level below the Board of Directors in
    Quality Assurance & Safety.                               charge of Quality Assurance & Safety.
7. Melakukan mentoring dan coaching terhadap               7. Mentoring and coaching subordinates.
    subordinate.
8. Mempersiapkan kaderisasi.                               8. Preparing for regeneration.
9. Mengarahkan dan mengendalikan jalannya seluruh          9. Directing and controlling the activities of the Unit 1
    kegiatan Unit 1 (satu) tingkat di bawah Direksi yang      (one) level below the Board of Directors in charge
    membidangi Quality Assurance & Safety melalui             of Quality Assurance & Safety through planning,
    perencanaan, penelusuran, serta peninjauan kinerja        tracking, and reviewing the performance of all Senior
    seluruh Senior Manager di Unit 1 (satu) tingkat di        Managers in the Unit 1 (one) level below the Board
    bawah Direksi yang membidangi Quality Assurance           of Directors in charge of Quality Assurance & Safety.
    & Safety.
10. Bertanggung jawab atas kinerja dan ketersediaan        10. Responsible for the performance and availability of
    sumber daya yang memenuhi syarat sehingga                  qualified resources, therefore the Unit 1 (one) level
    peran Unit 1 (satu) tingkat di bawah Direksi yang          below the Board of Directors in charge of Quality
    membidangi Quality Assurance & Safety dapat                Assurance & Safety can perform its role appropriately
    terlaksana dengan baik untuk mencapai target yang          to achieve targets.
    ditetapkan.




                                                                                                                         323
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       01

                                                PENGEMBANGAN KOMPETENSI                                    COMPETENCY DEVELOPMENT FOR
     02                                         QUALITY ASSURANCE & SAFETY                                 QUALITY ASSURANCE & SAFETY

                                                Informasi mengenai daftar kegiatan pelatihan dan           Information on the list of Quality Assurance and Safety’s
    03                                          peningkatan kompetensi yang diikuti pejabat dan            training and development programs for its executives
                                                personil Quality Assurance & Safety sepanjang tahun        and officers throughout 2025 is available in Sustainability
                                                2025 dapat dilihat pada Laporan Keberlanjutan dalam        Report of this Integrated Report.
                                                Laporan Terintegrasi ini.
      04
                                                PELAKSANAAN TUGAS QUALITY                                  IMPLEMENTATION OF QUALITY
                                                ASSURANCE & SAFETY                                         ASSURANCE & SAFETY DUTIES
     05
                                                Quality Assurance & Safety telah melaksanakan sejumlah     Quality Assurance & Safety has implemented a number
                                                program kerja dan melakukan audit sesuai Audit Plan        of work programs and conducted audits in accordance
    06                                          2025, serta melakukan escort authority. Terdapat 220       with the 2025 Audit Plan, as well as carried out authority
                                                (dua ratus dua puluh) subjek audit yang terdiri dari 194   escort activities. There were 220 (two hundred twenty)
                                                (seratus sembilan puluh empat) subyek Quality Audit dan    audit subjects, consisting of 194 (one hundred ninety-
                                                25 (dua puluh lima) subjek Safety Audit. Audit dilakukan   four) Quality Audit subjects and 25 (twenty-five)
                                                terhadap Home Base Cengkareng maupun 4 (empat)             Safety Audit subjects. Audits were conducted at the
                                                Multibase dan seluruh Out Station.                         Cengkareng Home Base, as well as across 4 (four)
                                                                                                           Multibases and all Outstations.

                                                Selain melakukan audit, Quality Assurance & Safety         In addition to conducting audits, Quality Assurance &
                                                juga melakukan escort authority untuk memastikan           Safety also carried out authority escort activities to
                                                GMF sudah memenuhi izin untuk menjalankan bisnis.          ensure that GMF has fulfilled the required approvals to
Tata Kelola Perusahaan - Corporate Governance




                                                Selama tahun 2025 terdapat 30 (tiga puluh) Authority       operate its business. Throughout 2025, there were 30
                                                Approval valid seperti:                                    (thirty) valid Authority Approvals, including:

                                                DGCA Indonesia, FAA, EASA, CASA Australia, CAA Malaysia,   DGCA Indonesia, FAA, EASA, CASA Australia, CAA
                                                CAA United Kingdom, DGCA India, CAA FIJI, BROA -           Malaysia, CAA United Kingdom, DGCA India, CAA
                                                MOLIT Korea, Bailiwick of Guernsey, CAA Thailand, CAA      Fiji, BROA - MOLIT Korea, Bailiwick of Guernsey, CAA
                                                Bangladesh, CAA Cayman Island, CAA Uzbekistan, AAC         Thailand, CAA Bangladesh, CAA Cayman Islands, CAA
                                                Timor Leste, JCAB Japan, CASA of Papua New Guinea,         Uzbekistan, AAC Timor-Leste, JCAB Japan, CASA
                                                CAA Philippines, DCA of LAO PDR, CAA MOLDOVA, GDCA         Papua New Guinea, CAA Philippines, DCA Lao PDR, CAA
                                                Armenia. MTCR of Belarus, San Marino CAA, ECAA Egypt,      Moldova, GDCA Armenia, MTCR Belarus, San Marino
                                                CAA Oman, SSCA Cambodia, SCAA Kyrgyzstan, Pakistan         CAA, ECAA Egypt, CAA Oman, SSCA Cambodia, SCAA
                                                CAA, CAA Vietnam, Isle of Man.                             Kyrgyzstan, Pakistan CAA, CAA Vietnam, and Isle of Man.




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                                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                 Manajemen Risiko Perusahaan
                                                                                    Enterprise Risk Management




Sejak diterbitkannya Peraturan Menteri BUMN Nomor                  Since the issuance of Minister of SOE Regulation
PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                  No. PER-2/MBU/03/2023 concerning Guidelines for
Kegiatan Korporasi Signifikan Badan Usaha Milik Negara,            Corporate Governance and Significant Corporate
Garuda Indonesia sebagai induk Perushaaan GMF telah                Activities of State-Owned Enterprises, Garuda Indonesia,
melakukan sosialisasi kepada seluruh anak usaha dan                as the parent company of GMF, has conducted




                                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
mengimbau untuk meraktifikasi peraturan tersebut                   socialization across all subsidiaries and encouraged
sebagai kerangka manajemen risiko Perusahaan.                      them to ratify the regulation as a framework for the
Oleh karena itu, sebagai komitmen GMF menerapkan                   Company’s risk management. Accordingly, as part of
manajemen risiko sesuai peraturan tersebut, salah                  GMF’s commitment to implementing risk management
satunya diwujudkan dengan membentuk Bidang Risk                    in line with the regulation, one of the measures taken
Management yang merupakan bagian dari Direktorat                   was the establishment of the Risk Management Division
Direktur Keuangan berdasarkan Surat Keputusan Nomor:               under the Finance Directorate, based on Decree No. DT/
DT/SKEP-5015/24 Tanggal 21 Agustus 2024.                           SKEP-5015/24 dated August 21, 2024.

PROFIL KEPALA ENTERPRISE RISK                                      PROFILE OF FENTERPRISE RISK
MANAGEMENT                                                         MANAGEMENT HEAD

Enterprise Risk Management dipimpin oleh seorang                   Enterprise Risk Management is led by an Executive
Executive General Manager (EGM) yang diangkat dan                  General Manager (EGM) whose appointed and dismissed
diberhentikan oleh Direktur Utama. Berdasarkan Surat               by the President Director. Based on Letter TH/SKEP-
TH/SKEP-5126/I/24 tanggal 1 Oktober 2024, Perseroan                5126/I/24 dated October 1st, 2024, the Company
menunjuk Santi Agustina sebagai Kepala Unit Enterprise             appointed Santi Agustina as Head of Enterprise Risk
Risk Management.                                                   Management.


 Santi Agustina
 Executive General Risk Management

 Periode Jabatan              Menjabat sejak 1 Oktober 2024
 Period                       Serving since October 1, 2024

                              Warga Negara Indonesia | Indonesian Citizen
 Data Pribadi
                              Usia 36 tahun | 36 years old
 Personal Data
                              Kelahiran Surabaya, 12 Agustus 1988 | Born in Surabaya on August 12, 1988

 Domisili                     Tangerang, Banten, Indonesia
 Domicile                     Tangerang, Banten, Indonesia

 Bergabung di GMF             05 Mei 2010, sebagai Material Planner
 Join GMF                     May 05, 2010, as Material Planner

 Pendidikan                   Sarjana Teknik Industri Institut Teknlologi Sepuluh   Bachelor’s Degree of Industrial Engineering from the
 Education                    Nopember (2006)                                       Sepuluh Nopember Institute of Technology (2006)

                              •   EGM Risk Management (Oktober 2024-sekarang)
                              •   SM Risk Management (Mei 2024-Oktober 2024)
                              •   SM Profitability & Budget Control (Juli 2022-April 2022)
                              •   SM Price Management & Owner Estimate (Februari 2017-Juni 2022)
 Pengalaman Kerja
 Work Experience
                              •   EGM Risk Management (October 2024-present)
                              •   SM Risk Management (May 2024-October 2024)
                              •   SM Profitability & Budget Control (Juyi 2022-April 2022)
                              •   SM Price Management & Owner Estimate (February 2017-June 2022)

 Sertifikasi Profesi          Certified Risk Management Professional (CRMP) sejak 30 Agustus 2024 | Certified Risk Management
 Professional Certification   Professional (CRMP) since August 30, 2024




                                                                                                                                           325
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       01

                                                STRUKTUR ENTERPRISE RISK                                    FINANCIAL & MANAGEMENT
     02                                         MANAGEMENT                                                  ACCOUNTING STRUCTURE

                                                Pada akhir tahun 2025, jumlah personil unit Risk            By the end of 2025, the Enterprise Risk Management
    03                                          Management adalah sebanyak 5 orang.                         unit had 5 people.


                                                                                          Jabatan                                              Jumlah Karyawan
      04                                                                                  Position                                              Total Employee
                                                 EGM Risk Management                                                                                                1

                                                 Senior ERM & Internal Control                                                                                     3
     05
                                                 OJT to Senior ERM & Internal Control                                                                               1

                                                Total                                                                                                              5
    06
                                                SERTIFIKASI PROFESI                                         PROFESSIONAL CERTIFICATION

                                                Pada tahun 2025, unit Risk Management memberikan            In 2025, unit Risk Management provided training for its
                                                pelatihan untuk mendapatkan sertifikasi kepada              personnel to obtain the following certifications:
                                                personilnya sebagai berikut:
                                                • Pelatihan dan Sertifikasi CRMP (Certified Risk            •   Training & certification of CRMP (Certified Risk
                                                   Management Professional) untuk EGM Risk                      Management Professional) for EGM Risk Management
                                                   Management
                                                • Pelatihan dan Sertifikasi CRMO (Certified Risk            •   Training & certification of CRMO (Certified Risk
                                                   Management Officer) untuk 2 (dua) orang Senior               Management Officer) for 2 (two) Senior ERM &
Tata Kelola Perusahaan - Corporate Governance




                                                   ERM & Internal Control                                       Internal Control

                                                TUGAS DAN TANGGUNG JAWAB                                    DUTIES AND RESPONSIBILITIES

                                                Sesuai dengan Surat Keputusan Nomor: DT/SKEP-               In accordance with the Decree Number: DT/SKEP-
                                                5015/24 tanggal 21 Agustus 2024, Risk Management            5015/24 dated August 21, 2024, Risk Management
                                                bertanggung jawab dalam pengelolaan risiko Perseroan,       division is responsible for managing the Company’s
                                                yang meliputi:                                              risks, which includes:
                                                1. Perencanaan, perancangan dan pengembangan                1. Planning, designing, and developing risk management
                                                   metodologi & kerangka kerja manajemen risiko dan             methodologies and internal control frameworks at
                                                   pengendalian internal di tingkat Perseroan.                  the corporate level.
                                                2. Penerapan, pemantauan, dan evaluasi manajemen            2. Implementing, monitoring, and evaluating risk
                                                   risiko dan pengendalian internal di tingkat Perseroan.       management and internal controls at the corporate
                                                3. Menganalisis dan melakukan koordinasi mitigasi               level.
                                                   risiko serta menjamin manajemen risiko.                  3. Analyzing and coordinating risk mitigation efforts.
                                                4. Pengelolaan risk register Perseroan dan pelaporan        4. Managing the Company’s risk register and overseeing
                                                   manajemen risiko.                                            risk management reporting.

                                                PENGEMBANGAN KOMPETENSI                                     COMPETENCY DEVELOPMENT FOR
                                                ENTERPRISE RISK MANAGEMENT                                  ENTERPRISE RISK MANAGEMENT

                                                Informasi mengenai daftar kegiatan pelatihan dan            Information on the list of Enterprise Risk Management
                                                peningkatan kompetensi yang diikuti Enterprise Risk         training and development programs for its executives
                                                Management di sepanjang tahun 2025 dapat dilihat            and officers throughout 2025 is available in the
                                                pada Laporan Keberlanjutan dalam Laporan Tahunan            Sustainability Report of this Integrated Report.
                                                Terintegrasi ini.

                                                PELAKSANAAN TUGAS ENTERPRISE                                IMPLEMENTATION OF ENTERPRISE
                                                RISK MANAGEMENT                                             RISK MANAGEMENT

                                                Kegiatan Risk Management dalam melakukan Manajemen          The Enterprise Risk Management activities in carrying
                                                Risiko dikelompokkan berdasarkan sasaran yang ingin         out Risk Management are grouped based on the targets
                                                dicapai. Kegiatan tersebut mencakup peningkatan             to be achieved. These activities include increasing risk
                                                wawasan dan budaya risiko, kegiatan manajemen risiko        insight and culture, corporate level risk management
                                                tingkat korporat, kegiatan proses manajemen risiko di       activities, risk management process activities in services
                                                dinas dan unit.                                             and units.

326
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                                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                    Nama Kegiatan                                                   Jumlah Peserta
 No.
                                      Activities                                                  Number of Participants
                                                                                       12 orang (8 dari GMF, 4 orang dari Assessor) dari
       Penilaian Risk Maturity Index oleh internal GA Group                            September – Desember 2025
  1.
       Risk Maturity Index assessment by GA Group                                      12 people (8 people from GMF, 4 people from
                                                                                       Assessor) from September – December 2025

                                                                                       41 orang (19 orang dari GMF, 22 orang dari
                                                                                       konsultan RSM) dilakukan sejak pertengahan
       Penerapan ICOFR (Internal Control Over Financial Reporting)
  2.                                                                                   2025 - 2026
       ICOFR (Internal Control Over Financial Reporting) Implementation
                                                                                       41 people (19 people from GMF, 22 people from
                                                                                       RSM consultant) since middle of 2025 - 2026

                                                                                       8 orang terdiri dari Corporate Partner, Internal
       Pembuatan Kebijakan dan Prosedur ICOFR sebagai bentuk ratifikasi anak usaha.
                                                                                       audit, Corporate secretary, dan Risk Analyst.
  3.   Development of ICOFR Policies and Procedures as a form of ratification of
                                                                                       8 people consists of Corporate Partner, Internal
       subsidiaries.
                                                                                       Audit, Corporate Secretary,and Risk Analyst




                                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                       7 orang terdiri dari Group Head, Division Head,
       Koordinasi Risk Management dan Audit Internal per kuartal
                                                                                       Auditor, Risk Analyst
  4.   Alignment Coordination risk management and internal audit quarterly
                                                                                       7 people Consists of Board of Group Head, Division
                                                                                       Head, Auditor, Risk Analyst

                                                                                       20 orang Dilaksanakan sebanyak 5x, pada Bulan
       GA Group Risk Forum                                                             Juni 2x, Juli, September, dan November 2024
  5.
                                                                                       20 people Implemented 5 times, 2 times in June,
                                                                                       July, September, and November 2024

                                                                                       9 orang (4 orang komite, 5 orang risk analyst dan
       Koordinasi Risk Management dengan komite Audit dan komite risiko                pihak terkait)
  6.
       Risk Management and committee coordination                                      9 people (4 people committee and 5 people risk
                                                                                       analyst and another unit)

       Penyampaian Monitoring risiko tingkat korporat dan dinas serta early warning
                                                                                       27 orang Terdiri dari Direksi, Group Head, dan Risk
       tiap bulan pada pertemuan MOR.
                                                                                       Management Divison Head
  7.   Risk Monitoring and early warning presentation for corporate and units levels
                                                                                       27 people Constist of Board of Director, All Group
       every month at MOR Meetings
                                                                                       Head, and Risk Management Division Head


Kegiatan Peningkatan Wawasan dan Budaya Risiko                        Risk Insight and Culture Improvement Activity
Kampanye manajemen risiko juga dilakukan melalui                      The risk management campaign was also done through
WhatsApp Group Komunitas Risk Officer dan one on                      WhatsApp Group called Komunitas Risk Officer and one
one dengan risk officer dan risk owner.                               on one with risk officer and risk owner.

MANAJEMEN RISIKO TINGKAT                                              CORPORATE LEVEL RISK
KORPORAT                                                              MANAGEMENT

1. Pengelolaan Risk Register                                          1. Risk Register Management
   Risk Register dilakukan untuk seluruh risiko yang                     Risk Register applies to all identified risks of the
   telah teridentifikasi baik dari hasil manajemen risiko                KPI (Key Performance Indicator) risks, project risks,
   terhadap KPI (Key Performance Indicator), risiko                      investment risks, and business process risks. The
   proyek, risiko investasi, dan risiko proses bisnis.                   Risk Register management in 2025 covered the
   Pengelolaan Risk Register selama tahun 2025                           following:
   mencakup:
   a. Suspense/surrender Sertifikasi EASA/FAA                             a. Suspense or surrender EASA/FAA certificate
   b. Pembatalan/Kegagalan Realisasi Pekerjaan dalam                      b. Cancellation or failure of project realization from
       Sales Plan Non-Group Affiliation                                      Non-Group/Affiliation sales plan
   c. Penurunan Technical Support SAP                                     c. SAP Technical Support reduction
   d. Penurunan Utilisasi Pesawat Customer Group                          d. Decline in aircraft utilization from affiliated group
       Affiliation                                                           customer
   e. Cyber Attack                                                        e. Cyber Attack
   f. Kegagalan Pemenuhan Kewajiban Utang                                 f. Failure to fulfill debt obligations
   g. Realisasi Program Inisiatif Strategis dan                           g. Realization of strategic initiatives and its impact
       Implikasinya terhadap Peningkatan Ekuitas dan                         on boosting equity value and market sentiment
       Sentimen Pasar
   h. Keterlambatan SLA dan TAT Penyelesaian Project                      h. Delays in SLA and TAT for Project Maintenance
       Maintenance                                                           Completion



                                                                                                                                             327
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       01

                                                   i.   Issue Global Supply Chain Terkait Kelangkaan       i.   Global Supply Chain Issues Related to Aircraft
     02                                                 Spare Part Pesawat                                      Spare Part Shortages
                                                   j.   Pencadangan Kerugian atas Piutang Overdue          j.   Bad Debt Allowance


    03                                          2. Koordinasi ERM GMF-GA                                2. GMF-GA ERM Coordination
                                                   Koordinasi antara GMF dengan GA merupakan hal           The coordination between GMF and GA is important
                                                   yang penting untuk melakukan aligment antara            to align the risks between the Parent Company and
                                                   risiko Perusahaan Induk yang disebabkan oleh Anak       Subsidiaries, which are caused by and affect each
      04
                                                   Perusahaan, maupun sebaliknya, sehingga dapat           other, to create a joint effort to anticipate the risks
                                                   diantisipasi bersama untuk menjaga kesinambungan        for a sustainable business. The ERM coordination of
                                                   bisnis grup secara keseluruhan. Selama tahun 2025       GA Group throughout 2025 was as follows:
     05                                            telah dilakukan koordinasi ERM GA Group, yaitu:
                                                   a. Workshop Draft Risk Strategy Garuda Indonesia        a. Garuda Indonesia Group & RACM 2025 Risk
                                                        Group & RACM 2025 Pada 22 Januari 2025                Strategy Draft Workshop on January 22, 2025
    06                                             b. Workshop Penetapan Ambang Risiko PT Garuda           b. Workshop on Determining the Risk Threshold of
                                                        Indonesia (Persero) Tbk Group 2025 Pada 11            PT Garuda Indonesia (Persero) Tbk Group 2025
                                                        Februari 2025                                         on February 11, 2025
                                                   c. Koordinasi untuk pengumpulan data ERM System         c. ERM System data from the Garuda Indonesia
                                                        kepada Unit Manajemen Risiko Garuda Indonesia         Group Collection for Risk Management Unit on
                                                        Group pada 30 Juni 2025;                              June 30, 2025
                                                   d. Permintaan data ERM System kepada Unit               d. Request for ERM System data from the Garuda
                                                        Manajemen Risiko Garuda Indonesia Group pada          Indonesia Group Risk Management Unit on
                                                        30 Oktober 2025                                       October 30, 2025
                                                   e. Culture Festival Garuda Group 2025 4 Desember        e. Garuda Group Culture Festival 2025 on December
                                                        2025                                                  4, 2025
Tata Kelola Perusahaan - Corporate Governance




                                                3. Koordinasi RM GMF-GDPS (Anak Usaha)                  3. GMF-GDPS ERM Coordination (Subsidiary)
                                                   Koordinasi antara GMF dengan GDPS merupakan             Coordination between GMF and GMF is important
                                                   hal yang penting untuk melakukan aligment antara        to align the risks of the Parent Company caused by
                                                   risiko Perusahaan Induk yang disebabkan oleh Anak       the Subsidiary, and vice versa, so that they can be
                                                   Perusahaan, maupun sebaliknya, sehingga dapat           anticipated together to maintain the continuity of the
                                                   diantisipasi bersama untuk menjaga kesinambungan        group's business as a whole. During 2025, an RM
                                                   bisnis grup secara keseluruhan. Selama tahun 2025       coordination was conducted with GDPS, as follows:
                                                   telah dilakukan koordinasi RM dengan GDPS, yaitu:
                                                   a. Koordinasi Pembahasan Risk Register 2025 GDPS        a. GDPS Risk Register Discussion on January 16,
                                                        Pada 16 Januari 2025;                                 2025
                                                   b. Penyampaian Laporan Tahunan PT GDPS Tahun            b. Risk Maturity Index Assessment 2024 Submission
                                                        2024 untuk Keperluan Penilaian Risk Maturity          of PT GDPS Annual Report on July 23, 2025.
                                                        Index Pada 23 Juli 2025.

                                                4. Survei Budaya Risiko                                 4. Risk Culture Survey
                                                   Survei budaya risiko tahun 2025 telah dilakukan.        The 2025 risk culture survey was conducted in
                                                   Jumlah responden adalah 333 orang atau 70%              December. The number of respondents was 296
                                                   dari total populasi responden (476 orang) yang          people or 70% of the total respondent population
                                                   terdiri dari Group Head, Division Head, Dept Head,      (476 people) consisting of Group Head, Division
                                                   Risk Officer, serta PDCA. Indeks Budaya Risiko          Head, Dept Head, Risk Officer, and PDCA. The Risk
                                                   menunjukkan trend peningkatan sejak tahun 2019.         Culture Index has shown an increasing trend since
                                                   Jumlah responden risk culture survey mengalami          2019. The number of respondents to the risk culture
                                                   kenaikan 7% dibandingkan tahun sebelumnya. Indeks       survey increased by 7% compared to the previous
                                                   budaya risiko tahun 2025 adalah sebesar 4.07 dari       year. The 2024 risk culture index is 4.07 on a scale of
                                                   skala 5. Hasil survei menunjukkan bahwa dari 4          5. The survey results show that of the 4 dimensions
                                                   dimensi yang diukur, ke empatnya mendapat skor 4.       measured, 4 dimensions scored 4.




328
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                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
   Dimensi yang mendapatkan penialain rendah akan                             Dimensions that receive low ratings will be the focus
   menjadi focus perbaikan dengan tetap menjaga                               of improvement while maintaining the achievement of
   pencapaian nilai dimensi lainnya. Fokus perbaikan                          other dimension scores. The focus of improvement is
   dituangkan dalam program kerja 2025 melalui upaya-                         outlined in the 2025 work program through efforts:
   upaya:
   a. Meningkatkan kolaborasi antar lini dan                                  a. Improving collaboration between lines and
       menanamkan kesadaran risiko sebagai budaya                                embedding risk awareness as a corporate
       perusahaan                                                                culture.
   b. Pemenuhan compliance penerapan Manajemen                                b. Fulfillment of compliance of Risk Management
       Risiko sesuai PER-2/MBU/03/2023                                           implementation in accordance with PER-2/
                                                                                 MBU/03/2023
   c. Peningkatan kualifikasi dan kompetensi organ                            c. Improving the qualifications and competencies
      pengelola risiko                                                           of risk management organs
   d. Peningkatan sistem pengelolaan risiko yang                              d. Improvement of an integrated risk management




                                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
      terintegrasi dengan berbasis teknologi                                     system based on technology


                                                Indeks Budaya Risiko GMF
                                                   Risk Culture of GMF

                 4,2                                                                                               420
                                                                                                            4,07
                                                                                                     4,02
                                                                                                                   400
                                                                                              3,4
                 4
                                                                                                                   350
                                                      3,8         3,8
                                                                               3,8            423
                 3,8                                                                                        333    300
                                         3,7
                                                                               330                   296
                        3,6
                                                                                                                   250
                33,6                                  253          244
                                                                                                                   200
                                3,4
                 3,4                                                                                               150
                                         166
                                                                                                                   100
                 3,2
                                 96
                                                                                                                   50
                         21
                 3                                                                                                 0
                       2017     2018    2019        2020          2021         2022           2023   2024   2025

                                               Jumlah Responden                      Indeks
                                               The number of respondents             Index




MANAJEMEN RISIKO TINGKAT DINAS/                                            DIVISION/UNIT LEVEL RISK
UNIT                                                                       MANAGEMENT

1. Manajemen Risiko KPI                                                    1. KPI Risk Management
   Kegiatan ini secara konsisten dilaksanakan setiap                          Every year, the Company identifies business risks as
   tahunnya untuk mengidentifikasi risiko sehingga                            a basis to create a plan for controlling the risks and
   dapat ditetapkan rencana pengendalian risiko untuk                         achieving the KPI of 2025 at the Department level.
   memastikan pencapaian KPI 2025 di tingkat Dinas.                           Department also conducted a KPI risk management
   Dinas juga melakukan manajemen risiko KPI Unit Tahun                       at the Unit level throughout 2025 to align the risk
   2025 agar risiko dan pengendalian yang ditetapkan                          management between the Unit and Corporate.
   oleh Unit selaras dengan Korporasi. Selama tahun                           Monitoring of KPI risk control has also been done
   2025 juga dilakukan monitoring atas pelaksanaan                            throughout 2025. The risk monitoring activity was
   pengendalian risiko KPI. Kegiatan monitoring risiko                        aimed to control the High and Crisis risk levels in
   bertujuan untuk memantau pengendalian terhadap                             every KPI of the Department level throughout 2025.
   risiko dengan level High dan Crisis pada setiap KPI di
   tingkat Dinas selama tahun 2025.




                                                                                                                                       329
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       01

                                                   Kegiatan monitoring risiko dilakukan oleh Dinas dan       The risk monitoring was done by the Department
     02                                            dilaporkan bersamaan dengan pencapaian kinerja            and reported altogether with the achievement
                                                   dalam monthly review kepada Unit Corporate                in monthly review to Corporate Planning Unit. At
                                                   Planning. Di tingkat ini, pengendalian terhadap           this level, the risk control becomes part of the
    03                                             risiko menjadi bagian performance review agar para        performance review to make Business Owners
                                                   Business Owner dan Risk Owner di tingkat Dinas            and Risk Owners of Department level feel the
                                                   dapat lebih merasakan manfaat pengelolaan risiko.         benefit of risk management. The significant issues
                                                   Isu-isu signifikan yang muncul akibat monitoring          arising due to the risk monitoring will be directed
      04
                                                   risiko akan dialihkan ke tingkat korporasi oleh           to the corporate level, managed by the Financial &
                                                   Unit Financial & Management Accounting. Hasil             Management Accounting. The risk monitoring results
                                                   monitoring risiko selama tahun 2025 dapat menjadi         in 2025 will be used to draft the risk profile in 2026.
     05                                            pertimbangan dalam menyusun profil risiko pada
                                                   tahun 2026.

    06                                          2. Risk Control Self-Assessment (RCSA)                    2. Risk Control Self-Assessment (RCSA)
                                                   RCSA di tahun 2025 bertujuan menumbuhkan                  The RSCA in 2025 was aimed to make the risk
                                                   inisiatif pengelolaan risiko oleh risk owner. Bidang      owners more active in managing risks. The Risk
                                                   Manajemen Risiko berperan lebih sebagai fasilitator       Management Unit acts as a facilitator in identifying
                                                   dalam proses identifikasi, asesmen, dan penentuan         the process, making an assessment, and determining
                                                   aktivitas pengendalian. RSCA terus memantau               the controlling activity. RSCA continues to monitor
                                                   kondisi ekonomi di 2024 yang sudah bertumbuh              economic conditions in 2025 which are already
                                                   dengan kuat. Kondisi tersebut menjadi dasar               growing strongly. These conditions are the basis
                                                   pelaksanaan Risk Assessment 2025 dengan jumlah            for implementing the 2025 Risk Assessment with
                                                   109 RCSA Investasi.                                       109 Investment RCSAs.
Tata Kelola Perusahaan - Corporate Governance




330
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    Akuntan Publik
                                                                                                 Public Accountant




Akuntan publik merupakan organ eksternal Perseroan             A public accountant is the Company’s external body that
yang berfungsi memberikan opini terkait kesesuaian             views the financial statements against the prevailing
penyajian laporan keuangan Perseroan terhadap Standar          Financial Accounting Standards (SAK) in Indonesia.
Akuntansi Keuangan (SAK) yang berlaku di Indonesia.

PROSEDUR AUDIT EKSTERNAL DAN                                   EXTERNAL AUDIT PROCEDURE AND




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
STANDAR AUDIT                                                  STANDARD

Aktivitas audit yang dilakukan terhadap laporan                The audit on the Company's financial statements is
keuangan Perseroan dilakukan berdasarkan Standar               based on the Indonesian Institute of Certified Public
Profesional Akuntan Publik yang diterbitkan oleh Institut      Accountants’ Professional Standards. The audit includes
Akuntan Publik Indonesia (IAPI). Aktivitas audit meliputi      reviewing and evaluating the internal control system
pengujian dan evaluasi terhadap sistem pengendalian            and examining, based on a review mechanism, the
intern serta pemeriksaan, atas dasar pengujian, bukti-         supporting evidence of the amounts and disclosures
bukti yang mendukung jumlah-jumlah dan pengungkapan            in the financial statements. The audit also includes
dalam laporan keuangan. Audit juga meliputi penilaian          an assessment of the accounting principles and the
atas prinsip akuntansi yang digunakan dan estimasi             management’s significant estimation with an evaluation
signifikan yang dibuat oleh manajemen, serta penilaian         of the overall financial statement according to the
atas penyajian laporan keuangan secara keseluruhan             Statement of Financial Accounting Standards (PSAK)
sesuai dengan Pernyataan Standar Akuntansi Keuangan            issued by IAI.
(PSAK) yang dikeluarkan oleh IAI.

Proses audit oleh KAP diawasi oleh Komite Audit, yang          The audit process by KAP is supervised by Audit
berkoordinasi dengan Unit Internal Audit Perseroan.            Committee, which coordinates with the Company's
Komite Audit memastikan bahwa seluruh temuan dapat             Internal Audit Unit. Audit Committee ensures that all
ditindaklanjuti dan berupaya untuk menekan temuan-             findings can be followed up and seeks to suppress the
temuan di tahun berikutnya.                                    findings in the following year.

MEKANISME PENUNJUKAN AKUNTAN                                   MECHANISM FOR APPOINTING A
PUBLIK                                                         PUBLIC ACCOUNTANT

Mekanisme penunjukan Akuntan Publik dan KAP yang               The mechanism of GMS to appoint a Public Accountant
berlaku di GMF adalah sebagai berikut:                         and KAP is as follows:




   Keputusan RUPS             Surat Dewan           Surat Permohonan            Telaah                  Pemberian
        GMF               Komisaris PT Garuda       Pemberian Arahan          Komite Audit             Arahan terkait
     GMS resolution            Indonesia             terkait KAP dari        Review from Audit        Penunjukan KAP
       of GMF                (Persero) Tbk         Direktur Utama GMF           Committee                Supervision
                            Letter of Board of      Letter to Request a                                 concerning the
                            Commissioners of        Supervision on KAP                                Appointment of KAP
                           PT Garuda Indonesia     from the CEO of GMF
                              (Persero) Tbk




                                                                                                                           331
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       01

                                                AKUNTAN PUBLIK TAHUN 2025                                      2025 PUBLIC ACCOUNTANT
     02
                                                Keputusan RUPS GMF AeroAsia menyetujui terhadap                The GMF AeroAsia resolution approved the appointment
                                                penunjukkan KAP untuk Perseroan disesuaikan dengan             of a Public Accounting Firm (KAP) for the Company,
    03                                          KAP yang telah ditunjuk oleh entitas induk, PT Garuda          aligned with the KAP appointed by its parent entity, PT
                                                Indonesia (Persero) Tbk. Penunjukan ini dilaksanakan           Garuda Indonesia (Persero) Tbk. The appointment was
                                                berdasarkan hasil penetapan pengadaan bersama                  conducted based on the results of a joint procurement
                                                dengan Garuda Indonesia Group yang disetujui melalui           process with the Garuda Indonesia Group, as approved
      04
                                                persetujuan Direksi melalui surat No. GMF/DT-2138/25           by the Board of Directors through Letter No. GMF/DT-
                                                tanggal 2 Juni 2025. Adapun KAP yang ditunjuk untuk            2138/25 dated June 2, 2025. Accordingly, the Public
                                                melakukan audit Laporan Keuangan Perseroan untuk               Accounting Firm appointed to audit the Company’s
     05                                         Tahun Buku yang berakhir pada 31 Desember 2025                 Financial Statements for the fiscal year ending December
                                                adalah KAP Purwanto Susanti & Surja (EY Indonesia).            31, 2025 is KAP Purwanto Susanti & Surja (EY Indonesia).

    06
                                                                                                Akuntan Publik Tahun 2025
                                                                                                 Public Accountant in 2025
                                                 Kantor Akuntan Publik
                                                                               Purwanto Susanti & Surja (EY Indonesia)
                                                 Public Accounting Firm

                                                 Akuntan
                                                                               Ronny Stewart
                                                 Accountant

                                                 Periode Penugasan             1 (satu) tahun
                                                 Assignment Period             1 (one) year

                                                 Periode Penunjukan            28 Mei 2025
                                                 Appointment Period            May 28, 2025
Tata Kelola Perusahaan - Corporate Governance




                                                                               •   Audit Laporan Keuangan tahun buku 31 Desember 2025
                                                 Jasa                          •   Audit Laporan Keuangan tahun Buku 30 Juni 2025
                                                 Services                      •   Audit of the Financial Statements for the financial year ended December 31, 2025
                                                                               •   Audit of the Financial Statements for the period ended June 30, 2025

                                                                               •   Pembuatan Comfort Letter dalam rangka Corporate Action
                                                                               •   Telaah Laporan Keuangan 30 September 2025
                                                                               •   Pelaporan Kembali Laporan Keuangan komparatif periode 30 Juni 2025, 2024, 2023
                                                                               •   Laporan Kepatuhan terhadap Perundang-undangan (PSA 62)
                                                                               •   Laporan Hasil Evaluasi Kinerja (LHEK) Direksi
                                                                               •   Laporan Kegiatan Penerapan Prinsip Kehati-hatian (KPPK)
                                                 Jasa Lainnya
                                                                               •   Preparation of a Comfort Letter in relation to a Corporate Action
                                                 Other Services
                                                                               •   Review of the Financial Statements as of September 30, 2025
                                                                               •   Restatement of Comparative Financial Statements for the periods ended June 30, 2025, 2024,
                                                                                   and 2023
                                                                               •   Compliance Report with Laws and Regulations (PSA 62)
                                                                               •   Report on the Results of the Board of Directors’ Performance Evaluation (LHEK)
                                                                               •   Report on the Implementation of Principles of Prudence (KPPK)

                                                                               Jasa Utama | Main Services
                                                                               1. Rp2,851,000,000
                                                                               2. Rp2,039,200,000
                                                                               Jasa Lainnya | Other Services
                                                 Biaya                         1. Rp1,375,000,000
                                                 Cost                          2. Rp1,165,000,000
                                                                               3. Rp175,000,000
                                                                               4. Rp100,000,000
                                                                               5. Rp300,000,000
                                                                               6. Rp150,000,000



                                                DAFTAR AKUNTAN PUBLIK                                          PUBLIC ACCOUNTANT LISTS

                                                GMF memenuhi ketentuan Peraturan Menteri Keuangan              GMF follows the Minister of Finance Regulation No. 17/
                                                No. 17/PMK.01/2008 tentang Jasa Akuntan Publik,                PMK.01/2008 concerning Public Accountant Services,
                                                dimana KAP yang ditunjuk hanya boleh melakukan audit           where the appointed KAP may only conduct an audit for
                                                paling lama 6 (enam) tahun buku berturut-turut dan oleh        a maximum of 6 (six) consecutive financial year and by a
                                                seorang Akuntan Publik maksimal 3 (tiga) tahun buku            Public Accountant a maximum of 3 (three) consecutive
                                                berturut-turut. Berikut disampaikan informasi daftar           financial year. Here is information on the list of Public
                                                Akuntan Publik GMF sebelum tahun buku 2024:                    Accountants before the 2024 financial year:




332
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                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
  Tahun                      Kantor Akuntan
                                                                                                                               Biaya Audit
   Buku       Akuntan            Publik                    Ruang Lingkup Audit                         Opini Audit
                                                                                                                                   (Rp)
 Financial   Accountant          Public                        Audit Scope                            Audit Opinion
                                                                                                                              Audit Fee (Rp)
   Year                      Accountant Firm
                                                     •   Audit atas Laporan Keuangan
                                                         Konsolidasian Tahun Buku 31
                                                         Desember 2025
                                                     •   Laporan Kepatuhan terhadap
                                                         Perundang-Undangan dan
                                                         Pengendalian Internal periode 31
                                                         Desember 2025
                                                     •   Laporan Jasa AUP atas Laporan
                                                         Pencapaian Key Performance
                                                         Indicator (KPI) periode 31 Desember
                                                         2025
                                                     •   Laporan Jasa AUP terhadap
                                                         Laporan Kegiatan Penerapan Prinsip           Wa j a r d a l a m




                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                         Kehati-hatian (KPPK) Perseroan               semua hal yang
             Ronny Stewart   Purwanto Susanti &
2025                                                     Tahun Buku 31 Desember 2023                  material                4.890.200.000
             Izin AP.1749    Surja, EY Indonesia
                                                     •   Audit of the Consolidated Financial          Fair, in all material
                                                         Statements for the fiscal year ended         respects
                                                         December 31, 2025
                                                     •   Compliance Report on Laws and
                                                         Regulations and Internal Control as
                                                         of December 31, 2025
                                                     •   AUP Report on the Achievement of
                                                         Key Performance Indicators (KPI) as
                                                         of December 31, 2025
                                                     •   AUP Report on the Company’s
                                                         Implementation of Prudential
                                                         Principles (KPPK) Activities Report
                                                         for the fiscal year ended December
                                                         31, 2023

                                                     •   Audit atas Laporan keuangan
                                                         konsolidasian PT Garuda
                                                         Maintenance Facility Aero Asia Tbk
                                                         tahun buku 31 Desember 2024
                                                     •   Laporan atas Hasil Prosedur yang
                                                         disepakati bersama atas laporan
                                                         KPPK terhadap laporan kegiatan
                                                         penerapan prinsip kehati-hatian
                                                     •   Laporan atas Hasil Prosedur yang
                                                         disepakati bersama atas laporan
                                                         hasil evaluasi kinerja (LHEK) yang
                                                                                                      Wa j a r d a l a m
                                                         berakhir pada tanggal 31 Desember
             Ade Setiawan                                                                             semua hal yang
                             Rintis, Jumadi,Rianto       2024
2024         Elimin                                                                                   material                3.653.090.636
                             & Rekan, PWC            •   A u d i t o f t h e c o n s o l i d a te d
             Izin AP.0225                                                                             Fair, in all material
                                                         financial statements of PT Garuda
                                                                                                      respects
                                                         Maintenance Facility Aero Asia Tbk
                                                         for the fiscal year ending December
                                                         31, 2024
                                                     •   Repor t on the Agreed-Upon
                                                         Procedures regarding the KPPK
                                                         report on the implementation of
                                                         the prudential principles
                                                     •   Repor t on the Agreed-Upon
                                                         P ro c e d u re s re g a rd i n g t h e
                                                         performance evaluation report
                                                         (LHEK) as of December 31, 2024




                                                                                                                                               333
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       01

                                                  Tahun                     Kantor Akuntan
                                                                                                                                                                            Biaya Audit
     02                                            Buku       Akuntan           Publik                    Ruang Lingkup Audit                       Opini Audit
                                                                                                                                                                                (Rp)
                                                 Financial   Accountant         Public                        Audit Scope                          Audit Opinion
                                                                                                                                                                           Audit Fee (Rp)
                                                   Year                     Accountant Firm

    03                                                                                              •   Audit atas Laporan keuangan
                                                                                                        konsolidasian PT Garuda
                                                                                                        Maintenance Facility Aero Asia Tbk
                                                                                                        tahun buku 31 Desember 2023
      04                                                                                            •   Laporan atas Hasil Prosedur yang
                                                                                                        disepakati bersama atas laporan
                                                                                                        KPK terhdap laporan kegiatan               Wa j a r d a l a m
                                                             Ade Setiawan   Ta n u d i re d j a ,       penerapan prinsip kehati-hatian            semua hal yang
     05                                         2023         Elimin         Wibisana, Rintis &      •   Audit od t he Consolidated                 material                3.790.000.000
                                                             Izin AP.0225   Rekan, PWC                  Financial Statements of PT Garuda          Fair, in all material
                                                                                                        Maintenance Facilits Aero Asia             respects
                                                                                                        Tbk for the financial year as of
    06                                                                                                  December 31, 2023
                                                                                                    •   Report on the mutually agreed
                                                                                                        procedure of the report from KPK
                                                                                                        on the implementation of the
                                                                                                        precautionary principle (KPPK).

                                                                                                    •   Audit atas Laporan Keuangan
                                                                                                        Ko n s o l i d a s i a n P T G a r u d a
                                                                                                        Maintenance Facility Aero Asia Tbk
                                                                                                        tahun buku 31 Desember 2022.
                                                                                                    •   Laporan atas Hasil Prosedur yang
                                                                                                        disepakati bersama atas laporan
                                                                                                        KPK terhadap laporan kegiatan
                                                                                                                                                   Wa j a r d a l a m
                                                                                                        penerapan prinsip kehati-hatian
                                                             Ade Setiawan   Ta n u d i re d j a ,                                                  semua hal yang
                                                                                                        (KPPK).
Tata Kelola Perusahaan - Corporate Governance




                                                2022         Elimin         Wibisana, Rintis &                                                     material                3.700.000.000
                                                                                                    •   Audit of t he Consolidated
                                                             Izin AP.0225   Rekan, PWC                                                             Fair, in all material
                                                                                                        Financial Statements of PT Garuda
                                                                                                                                                   respects
                                                                                                        Maintenance Facility Aero Asia
                                                                                                        Tbk for the financial year as of
                                                                                                        December 31, 2022.
                                                                                                    •   Report on the mutually agreed
                                                                                                        procedure of the report from
                                                                                                        KPPK on the implementation of
                                                                                                        the precautionary principle (KPPK).

                                                                                                    •   Audit atas Laporan Keuangan
                                                                                                        Ko n s o l i d a s i a n P T G a r u d a
                                                                                                        Maintenance Facility Aero Asia Tbk
                                                                                                        tahun buku 31 Desember 2021.
                                                                                                    •   Audit atas laporan Keuangan PT
                                                                                                        Garuda Daya Pratama Sejahtera
                                                                                                        tahun buku 31 Desember 2021
                                                                                                    •   Laporan atas Hasil Prosedur yang
                                                                                                        disepakati bersama atas laporan
                                                                                                        KPK terhadap laporan kegiatan
                                                                                                        penerapan prinsip kehati-hatian            Wa j a r d a l a m
                                                             Daniel Kohar   Ta n u d i re d j a ,       (KPPK).                                    semua hal yang
                                                2021         Izin     No.   Wibisana, Rintis &      •   Audit of t he Consolidated                 material                3.830.000.000
                                                             AP.1130        Rekan, PWC                  Financial Statements of PT Garuda          Fair, in all material
                                                                                                        Maintenance Facility Aero Asia             respects
                                                                                                        Tbk for the financial year as of
                                                                                                        December 31, 2021.
                                                                                                    •   Audit of the financial statements
                                                                                                        of PT Garuda Daya Pratama
                                                                                                        Sejahtera for the financial year as
                                                                                                        of December 31, 2021.
                                                                                                    •   Report on the mutually agreed
                                                                                                        procedure of the report from KPK
                                                                                                        on the implementation of the
                                                                                                        precautionary principle (KPPK).




334
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                                                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
   Tahun                                  Kantor Akuntan
                                                                                                                                            Biaya Audit
    Buku              Akuntan                 Publik                              Ruang Lingkup Audit                Opini Audit
                                                                                                                                                (Rp)
  Financial          Accountant               Public                                  Audit Scope                   Audit Opinion
                                                                                                                                           Audit Fee (Rp)
    Year                                  Accountant Firm
                                                                       •        Audit atas laporan keuangan
                                                                       •        Audit atas laporan kepatuhan
                                                                                terhadap perundang-undangan
                                                                       •        Audit atas laporan kepatuhan
                                                                                terhadap sistem pengendalian
                                                                                internal
                                                                       •        Prosedur yang disepakati bersama
                                                                                                                    Wajar terhadap
                                                                                atas laporan evaluasi kinerja
                     Daniel Kohar         Ta n u d i re d j a ,                                                     semua hal yang
                                                                       •        Prosedur yang disepakati bersama
                     Izin     No.         Wibisana, Rintis &                                                        material
 2020                                                                           atas laporan KPPK                                          1.600.000.000
                     AP.1130              Rekan, PWC                                                                Fair in all material
                                                                       •        Audit of financial statements
                                                                                                                    aspects
                                                                       •        Audit of compliance reports
                                                                       •        Audit of compliance reports with




                                                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                the internal control system
                                                                       •        Procedure mutually agreed upon in
                                                                                the performance evaluation report
                                                                       •        Procedure mutually agreed upon
                                                                                with the KPPK report


                                                                       •        Audit atas laporan keuangan
                                                                       •        Audit atas laporan kepatuhan
                                                                                terhadap perundang-undangan
                                                                       •        Audit atas laporan kepatuhan
                                                                                terhadap sistem pengendalian
                                                                                internal
                                                                       •        Prosedur yang disepakati bersama
                                                                                                                    Wajar terhadap
                                                                                atas laporan evaluasi kinerja
                     Daniel Kohar         Ta n u d i re d j a ,                                                     semua hal yang
                                                                       •        Prosedur yang disepakati bersama                           2.535.000.000
 2019                Izin     No.         Wibisana, Rintis &                                                        material
                                                                                atas laporan KPPK
                     AP.1130              Rekan, PWC                                                                Fair in all material
                                                                       •        Audit of financial statements
                                                                                                                    aspects
                                                                       •        Audit of compliance reports
                                                                       •        Audit of compliance reports with
                                                                                the internal control system
                                                                       •        Procedure mutually agreed upon in
                                                                                the performance evaluation report
                                                                       •        Procedure mutually agreed upon
                                                                                with the KPPK report


TINDAK LANJUT TEMUAN KAP                                                                 FOLLOW-UP FROM KAP FINDINGS

Dalam pelaksanaan audit, KAP dapat menemukan                                             When auditing, KAP may find several findings that the
sejumlah temuan yang nantinya akan dimonitor oleh                                        Company may need to monitor. The follow-up that the
Perseroan. Realisasi tindak lanjut oleh Perseroan selama                                 Company has done from 2019 to 2025 are as follows:
2019-2025 adalah sebagai berikut:


                              Jumlah Temuan Audit                                  Jumlah Temuan Audit Sistem
  Tahun Buku                       Keuangan                                                 Informasi                        Realisasi Tindak Lanjut
 Financial Year            Number of Finding in Financial                         Number of Finding in Information           Realization of Follow-Up
                                              Audit                                       System Audit
        2025                                                          N/A                                            N/A                                   N/A

        2024                                                            10                                              3                              30%

        2023                                                            14                                              4                            42,8%

        2022                                                               7                                            5                             71.4%

        2021                                                            10                                              2                              58%

        2020                                                               11                                            -                             54%

        2019                                                            15                                              5                              85%
*) KAP masih dalam proses penyusunan management letter. | KAP is in the process of preparing management letter.




                                                                                                                                                                 335
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       01

                                                Manajemen Risiko
     02
                                                Risk Management

    03


      04
                                                Sejak diterbitkannya Peraturan Menteri BUMN Nomor             Since the issuance of the Ministry SOE’s Regulation
                                                PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan             No. PER-2/MBU/03/2023 concerning on Guidelines for
     05                                         Kegiatan Korporasi Signifikan Badan Usaha Milik Negara,       Governance and Significant Corporate Activities of State-
                                                Garuda Indonesia sebagai induk Perusahaan GMF telah           Owned Enterprises, Garuda Indonesia as the parent
                                                melakukan sosialisasi kepada seluruh anak usaha dan           company of GMF has conducted socialization for all its
    06                                          mengimbau untuk meratifikasi peraturan tersebut               subsidiaries and urged them to ratify the regulation as
                                                sebagai kerangka manajemen risiko Perusahaan. Oleh            the company's risk management framework. Therefore,
                                                karena itu, sejak 2024, kerangka manajemen risiko             since 2024, GMF’s risk management framework has
                                                GMF telah mengacu PER-2/MBU/03/2023 dengan                    referred to PER-2/MBU/03/2023 by implementing risk
                                                menerapkan strategi risiko melalui pernyataan selera          strategy through Risk Appetite Statement (RAS) and
                                                risiko, dan penentuan nilai ambang batas risiko yang          determining risk threshold values, which include risk
                                                meliputi kapasitas risiko, toleransi risiko, selera risiko,   capacity, risk tolerance, risk appetite, and risk limit.
                                                dan batasan risiko.

                                                Perseroan menjaga konsistensi penerapan manajemen             The Company remains consistent in implementing
                                                risiko melalui Pedoman Tata Kelola Perusahaan dan             risk management through the Corporate Governance
Tata Kelola Perusahaan - Corporate Governance




                                                Kebijakan Manajemen Risiko No. KB-01-009. Pelaksanaan         Guidelines and Risk Management Policy No. KB-01-009.
                                                pedoman ini telah diatur dalam serangkaian Standard           These guidelines have been put in a series of Standard
                                                Operating Procedure untuk memastikan penerapan                Operating Procedures to ensure uniform and harmonized
                                                manajemen risiko yang seragam dan selaras.                    risk management.



                                                             Kebijakan Manajemen Risiko telah diunggah di website resmi GMF dan dapat diakses
                                                                                                 oleh publik
                                                                The Risk Management Policy has been uploaded to the official website of GMF and
                                                                                           accessible for the public

                                                                                                      CLICK HERE


                                                KERANGKA KERJA MANAJEMEN                                      RISK MANAGEMENT FRAMEWORK
                                                RISIKO

                                                Strategi risiko terdiri dari pernyataan selera risiko dan     The risk strategy consists of a risk appetite statement,
                                                nilai ambang batas.                                           risk threshold values, and risk strategy metrics.
                                                1. Pernyataan selera risiko                                   1. Risk appetite statement
                                                    Pernyataan selera risiko dilakukan secara top-down            The risk appetite statement is conducted by GMF in
                                                    dari Top Management atas sikap terhadap risiko                a top-down manner from Top Management on the
                                                    kedepan. Berdasarkan empat sikap terhadap risiko,             attitude towards future risks. Based on four attitudes
                                                    pernyataan selera risiko GMF, antara lain:                    toward risk, GMF's risk appetite statements include:
                                                    a. Tidak Toleran                                              a. Not Tolerant
                                                        • GMF tidak mentoleransi risiko yang dapat                     • GMF does not tolerate risks that could impact
                                                            berdampak pada aspek airworthiness dan                        on airworthiness and safety aspects.
                                                            safety.
                                                        • Insan professional GMF berkomitmen untuk                   •   GMF professional are committed to upholding
                                                            menjunjung tinggi Integritas dan core value                  Integrity and the core value of AKHLAK.
                                                            AKHLAK.




336
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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
       •   GMF berkomitmen untuk patuh terhadap                     • GMF is committed to complying with the
           peraturan perundangan yang berlaku.                        applicable laws and regulations.
       •   GMF menjaga penilaian dan kewajaran                    • GMF maintains the assessment and fairness
           penyajian kinerja keuangan Perusahaan                      of the Company's financial performance in
           sesuai kaidah dan Tata Kelola yang baik                    accordance with principles and best practices
                                                                      of good corporate governance.
   b. Konservatif                                            Conservative
      • GMF berupaya optimal menjaga kepuasan                     • GMF strives to optimize customer satisfaction
          pelanggan untuk meningkatkan jumlah loyal                   to increase the number of loyal customers
          customer agar dapat diperoleh kepastian                     ensuring long-term revenue certainly.
          pendapatan dalam jangka panjang.
      • GMF berupaya menjaga efektivitas biaya                      •GMF strives to maintain cost-effectiveness
          dengan melakukan program optimasi dan                      by implementing optimization and efficiency
          efisiensi.                                                 programs.




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
      • GMF berkomitmen meningkatkan efektivitas                   • GMF is committed to improving the
          manajemen risiko untuk melindungi dan                      effectiveness of risk management to protect
          menciptakan nilai Perusahaan.                              and create Company value.
   c. Moderat                                                   b. Moderate
      • GMF berupaya optimal untuk menjaga kinerja                 • G M F s t r i ve s to o p t i m i ze c o m p a ny
          Perusahaan dengan struktur keuangan yang                   performance with a healthy financial structure
          sehat demi menjaga kelangsungan usaha                      to ensure sustainable business continuity.
          yang berkesinambungan.                                   • GMF optimizes investment to enhance
      • GMF melakukan optimalisasi dalam investasi                   capabilities.
          untuk meningkatkan kapabilitas
   d. Strategis                                                 c. Strategies
      • GMF secara aktif mendorong berjalannya                     • GMF actively encourages innovation, both
          inovasi, baik untuk perbaikan proses maupun                  for process improvement and business
          pengembangan usaha                                           development.
      • GMF mendorong program pengembangan                         • GMF encourages business development
          usaha, kerja sama strategis, dan peningkatan                 programs, strategic partnership, and revenue
          pendapatan usaha                                             growth initiatives.

2. Nilai Ambang Risiko                                       2. Risk Threshold Value
   Nilai ambang risiko terdiri dari risk capacity, risk         Risk threshold value consists of risk capacity,
   tolerance, risk appetite, dan risk limit. Risk capacity      risk tolerance, risk appetite, and risk limit. GMF's
   GMF sebesar USD17,373,324, risk tolerance sebesar            risk capacity is USD17,373,324, risk tolerance of
   USD6,620,217, risk appetite sebesar USD6,018,379,            USD6,620,217, risk appetite of USD6,018,379, and
   dan risk limit sebesar USD5,416,541.                         risk limit of USD5,416,541.




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       01

                                                                                                                                                  RKAP Berbasis Risiko
     02                                                                                                                                             Risk-Based RKAP

                                                                  RJPP                                                                            RKAP Berbasis Risiko
                                                                                                                                                           Risk-Based RKAP

    03                                                       Visi | Vision


                                                           Misi | Mission
      04
                                                               Sasaran:

                                                      • Aspek Bisnis                                                                        Penerimaan Risiko Level Entitas/Korporate
                                                                                                                                                                                                                   Risk Appetite Statement BUMN
                                                      • Aspek Keuangan                                                                            Entity-Level Risk Acceptance
     05                                               • Aspek HC                                     Loss Event Database
                                                                                                      Tahun Sebelumnya
                                                                                                                                                                                                                                                                                  Risk Appetite
                                                                                                                                                                                                                                                                                Statement BUMN
                                                      • Aspek Pemasaran
                                                                                                                                                    Kapasitas Risiko Corporate
                                                                                                                                                     Corporate Risk Capacity                                    Tidak Toleran                Konservatif
                                                                                                                                                                                                                  Intolerant                Conservative
                                                                                                                                                                                                                                                                                Taksonomi isiko
    06                                                                                                                                               Toleransi Risiko Corporate                                                                                                     KBUMN
                                                                                                                                                      Corporate Risk Tolerance                                                                                                Teragregasi dengan
                                                                                                                                                                                                                 Moderat                      Strategis                             BUMN
                                                                                                                                                                                                                 Moderate                     Strategic
                                                                                                                                                      Selera Risiko Corporate
                                                                                                                                                      Corporate Risk Appetite



                                                                                                                                                     Batasan Risiko Corporate
                                                                                                                                                       Corporate Risk Limit




                                                                                                                                                                                                                                         Nilai Eksposur Risiko Residual Tidak Melebihi Batas Risiko Korporat
                                                                                                                                                                                                                                          The residual risk exposure does not exceed the corporate risk limit



                                                                                                Pilihan Sasaran & Strategi
                                                       Metrik Strategi Risiko                              Bisnis                         Profil Risiko                             Risiko Inheren                              Risiko Residual                          Rencana Perlakuan Risiko
                                                       Risk Strategy Metrics                   Target Selection & Business                Risk Profile                               Inherent Risk                               Residual Risk                            Risk Management Plan
Tata Kelola Perusahaan - Corporate Governance




                                                                                                         Strategies



                                                  Memetakan strategi risiko                   Memilih alternatif strategi yang   Menghubungkan sasaran                     Menghitung nilai eksposur,                  Menghitung target nilai eksposur,             Perlakuan risiko untuk mencapai
                                                  berdasarkan sasaran taksonomi,              tepat mempertimbangkan risiko      dengan peristiwa risiko dengan            level dan skala risiko sesudah              level dan skala risiko setiap                 target risiko residual yang
                                                  disesuaikan dengan RAS dan                  yang timbul dan hasil yang         menggunakan KRI dan threshold             pelaksanaan existing control di             triwulan dan tahunan                          diharapkan
                                                  sikap risiko serta nilai batas atas         diharapkan untuk mencapai nilai    untuk menjaga nilai RKAP sebagai          awal tahun                                                                                • Accept/Monitor
                                                  risiko yang dimaksud                        RKAP sebagai EWS                   EWS                                                                                   Calculating exposure value                    • Reduce/Mitigate
                                                                                                                                                                           Calculating exposure values,                targets, risk levels, and risk scales         • Transfer/Share
                                                  Mapping risk strategies based               Selecting the right strategic      Link targets to risk events using         risk levels, and risk scales after          on a quarterly and annual basis               • Avoid/Hindari
                                                  on taxonomy objectives, aligned             alternative by considering the     KRI and thresholds to maintain            implementing existing controls at
                                                  with RAS and risk appetite as well          risks involved and the expected    the RKAP value as an EWS                  the beginning of the year                                                                 Risk treatment strategies to
                                                  as the specified upper risk limit           outcomes to achieve the RKAP                                                                                                                                           achieve the target residual risk
                                                                                              target as an EWS                                                                                                                                                       • Accept/Monitor
                                                                                                                                                                                                                                                                     • Reduce/Mitigate
                                                                                                                                                                                                                                                                     • Transfer/Share
                                                                                                                                                                                                                                                                     • Avoid



                                                  •    Taksonomi Risiko                       •   Sasaran                        •   Peristiwa Risiko                      •    Nilai Dampak                           •    Target Nilai Dampak                      •    Rencana Perlakuan Risiko
                                                  •    Parameter dan satuan ukur              •   Strategi                       •   Key Risk Indicator                    •    Nilai Kemungkinan                      •    Target Nilai Kemungkinan                 •    Biaya Perlakuan
                                                  •    Nilai Batasan Risiko                   •   Keputusan                      •   Existing Control                      •    Nilai Eksposur                         •    Target Nilai Eksposur                    •    Timeline
                                                  •    Metrik Strategi Risiko                 •   Penetapan                      •   Peristiwa Risiko                      •    Nilai Dampak                           •    Target Nilai Dampak                      •    Rencana Perlakuan Risiko
                                                                                              •   Sasaran                        •   Key Risk Indicator                    •    Nilai Kemungkinan                      •    Target Nilai Kemungkinan                 •    Biaya Perlakuan
                                                  •    Risk Taxonomy                          •   Strategi                       •   Existing Control                      •    Nilai Eksposur                         •    Target Nilai Eksposur                    •    Timeline
                                                  •    Parameters and Units of                •   Keputusan
                                                       Measurement                            •   Penetapan                      •   Risk Event                            •    Impact Value                           •    Target Impact Value                      •    Risk Mitigation Plan
                                                  •    Risk Thresholds                                                           •   Key Risk Indicator                    •    Probability Value                      •    Target Probability Value                 •    Mitigation Costs
                                                  •    Risk Strategy Metrics                  •   Objectives                     •   Existing Control                      •    Exposure Value                         •    Target Exposure Value                    •    Timeline
                                                                                              •   Strategies                     •   Risk Event                            •    Impact Value                           •    Target Impact Value                      •    Risk Mitigation Plan
                                                                                              •   Decisions                      •   Key Risk Indicator                    •    Probability Value                      •    Target Probability Value                 •    Mitigation Costs
                                                                                              •   Implementation                 •   Existing Control                      •    Exposure Value                         •    Target Exposure Value                    •    Timeline
                                                                                              •   Objectives
                                                                                              •   Strategies
                                                                                              •   Decisions




                                                  •    Skala Dampak                •    Impact Scale                                                                 Heatmap
                                                  •    Skala Kemungkinan           •    Likelihood Scale
                                                  •    Skala Dampak                •    Impact Scale                                                      Monitoring Pergerakan Risiko
                                                  •    Skala Kemungkinan           •    Likelihood Scale                                                        Risk Monitoring




                                                Sebagaimana yang tertuang di PER 2/MBU/03/2023                                                                                  As stated in PER 2/MBU/03/2023, Stated-Owned
                                                bahwa BUMN dan anak usahanya wajib menerapkan                                                                                   Enterprises and their subsidiaries are required to
                                                model tata Kelola risiko Model Tiga Lini (three lines                                                                           implement the Three Lines Model in risk governance.
                                                model ) dalam melaksanakan manajemen risiko.                                                                                    Thus, GMF has established an Enterprise Risk
                                                Dengan demikian, GMF telah membentuk Tim                                                                                        Management (ERM) Team as one of the supporting
                                                Enterprise Risk Management (ERM) sebagai salah satu                                                                             organs of the Board of Directors responsible for executing
                                                organ pendukung Direksi yang bertanggung jawab                                                                                  risk management within the Company as the second line.
                                                menjalankan manajemen risiko di lingkup Perseroan                                                                               The organizational structure is designed so that there
                                                sebagai lini kedua. Struktur organisasi dirancang agar                                                                          is a separation of functions between the risk-owning
                                                terjadi pemisahan fungsi antara unit bisnis pemilik risiko                                                                      business units that directly identify and manage risks


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                                                                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
yang langsung mengidentifikasi dan mengelola risiko                                          in business processes, the risk management function
dalam proses bisnis, fungsi manajemen risiko yang                                            that measures, monitors, and treats risks in aggregate,
mengukur, memantau, dan memperlakukan risiko secara                                          develops enterprise risk management methodologies
agregat, mengembangkan metodologi dan kebijakan                                              and policies, and the internal audit function that ensures
manajemen risiko perusahaan, dan fungsi audit intern                                         governance and risk control.
yang memastikan tata Kelola dan pengendalian risiko.

ROADMAP MANAJEMEN RISIKO                                                                      RISK MANAGEMENT ROADMAP

GMF menyusun Roadmap ERM 2024-2028 sebagai                                                   GMF compiled the 2024-2028ERM Roadmap as a
langkah strategis dalam menunjang pengelolaan risiko                                         strategic initiative in supporting GMF risk management.
GMF. Berikut Roadmap ERM 2024-2028 yang dimiliki                                             The following is the 2024-2028 ERM Roadmap of GMF:
GMF:




                                                                                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                2025                                                                     2027
             2024                       Penguatan dan Integrasi                       2026                         Integrasi Data dan                        2028
  Pondasi dan Komitmen 2024                  Proses 2025                      Proaktif dan Sistematis                  Kolaborasi                      Embedded Risk
 Foundations and Commitments           Process Enhancement and               Proactive and Systematic             Data Integration and                  Management
                                              Integration                                                             Collaboration


 •   Penilaian Risiko Awal         •    Penguatan Tim Manajemen          •    Pengembangan Sistem            •   Pendekatan Risiko berbasis    •   Pengelolaan Risiko secara
 •   Pelatihan Dasar Manajemen          Risiko                                Informasi Risiko                   permodelan data                   Global
     Risiko                        •    Integrasi Manajemen Risiko       •    Penguatan Pengendalian         •   Kolaborasi dengan pihak       •   Penerapan Risiko berbasis
 •   Penyesuaian Kebijakan dan          dalam Proses Bisnis                   Risiko                             eksternal                         Teknologi
     Prosedur Manajemen Risiko     •    Peningkatan Kesadaran            •    Peningkatan Proses             •   Penilaian         Risiko      •   Manajemen Risiko yang
     mengacu pada PER-2                 Risiko di Tingkat Organisasi          Pengambilan Keputusan              berkelanjutan dan inovatif        terintegrasi sepenuhnya
 •   Penilaian Risiko Awal         •    Penguatan Tim Manajemen          •    Pengembangan Sistem            •   Pendekatan Risiko berbasis    •   Pengelolaan Risiko secara
 •   Pelatihan Dasar Manajemen          Risiko                                Informasi Risiko                   permodelan data                   Global
     Risiko                        •    Integrasi Manajemen Risiko       •    Penguatan Pengendalian         •   Kolaborasi dengan pihak       •   Penerapan Risiko berbasis
 •   Penyesuaian Kebijakan dan          dalam Proses Bisnis                   Risiko                             eksternal                         Teknologi
     Prosedur Manajemen Risiko     •    Peningkatan Kesadaran            •    Peningkatan Proses             •   Penilaian         Risiko      •   Manajemen Risiko yang
     mengacu pada PER-2                 Risiko di Tingkat Organisasi          Pengambilan Keputusan              berkelanjutan dan inovatif        terintegrasi sepenuhnya

 •   Initial Risk Assessment       •    Strengthening the Risk           •    Development of a Risk          •   Data-driven risk approach     •   Global Risk Management
 •   Basic Risk Management              Management Team                       Information System             •   Collaboration with external   •   Technology-Based Risk
     Training                      •    Integrating Risk Management      •    Strengt hening of Risk             parties                           Implementation
 •   Revision of Risk Management        into Business Processes               Controls                       •   Continuous and innovative     •   Fu l l y I n t e g r a t e d R i s k
     Policies and Procedures in    •    Raising Risk Awareness           •    Improvement of the Decision-       risk assessment                   Management
     accordance with PER-2              Across the Organization               Making Process                 •   Data-driven risk approach     •   Global Risk Management
 •   Initial Risk Assessment       •    Strengthening the Risk           •    Development of a Risk          •   Collaboration with external   •   Technology-Based Risk
 •   Basic Risk Management              Management Team                       Information System                 parties                           Implementation
     Training                      •    Integrating Risk Management      •    Strengt hening of Risk         •   Continuous and innovative     •   Fu l l y I n t e g r a t e d R i s k
 •   Revision of Risk Management        into Business Processes               Controls                           risk assessment                   Management
     Policies and Procedures in    •    Raising Risk Awareness           •    Improvement of the Decision-
     accordance with PER-2              Across the Organization               Making Process




PROFIL RISIKO                                                                                 RISK PROFILE

Bidang usaha GMF memiliki risiko inheren yang bersifat                                       GMF business has an inherent internal and external
internal dan eksternal. Perseroan selalu melakukan                                           risks. The Company annually assess the risks to identify
risk assessment setiap tahunnya untuk mengenali                                              potential risks and classify them into various levels of
potensi risiko dan mengklasifikasikannya menjadi profil                                      risk profiles to manage the risks more effectively. The
risiko ke dalam berbagai tingkatan untuk membantu                                            risk profile in 2025 was as follows:
penanggulangan risiko yang lebih efektif. Profil risiko
yang dihadapi GMF pada tahun 2025 adalah sebagai
berikut:


                         Peristiwa Risiko                                                                        Dampak
 No.
                           Risk Event                                                                             Impact
                                                                  Selisih penurunan profit yang terjadi apabila GMF kehilangan EASA dan FAA certification,
            Suspense/surrender Certification EASA/                sehingga target revenue dari sales plan untuk yang membutuhkan release EASA/FAA
            FAA                                                   tidak dapat ter-realisasi
     1
            Suspense or surrender EASA/FAA                        The difference in profit decline that would occur if GMF lost its EASA and FAA
            certificate                                           certification, meaning that the revenue targets in the sales plan requiring EASA/FAA
                                                                  release could not be realized.




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       01

                                                               Peristiwa Risiko                                                         Dampak
                                                No.
     02                                                          Risk Event                                                              Impact

                                                      Pembatalan/kegagalan Realisasi
                                                      Pekerjaan dalam Sales Plan Non-Group     Penurunan net profit yang terjadi apabila target sales plan (khususnya level 3 & 4) untuk
    03                                          2
                                                      Affiliation                              proyek maintenance pesawat NGA tidak terealisasi sesuai target
                                                      Cancellation or failure of project       A decline in net profit will occur if the sales plan targets (particularly levels 3 & 4) for
                                                      realization from Non-Group/Affiliation   the NGA aircraft maintenance project are not realized as targeted.
                                                      sales plan
      04
                                                                                               Infrastruktur vital yang penting tidak berfungsi selama lebih dari 6 jam (misalkan Listrik,
                                                      Penurunan Technical Support SAP          air, jaringan komunikasi & online system)
                                                3
                                                      SAP Technical Support reduction          Critical infrastructure that is essential is not functioning for more than 6 hours (e.g.,
     05                                                                                        electricity, water, communication networks, and online systems)

                                                                                               Penurunan net profit yang terjadi apabila target pekerjaan reaktivasi untuk proyek
                                                      Penurunan Utilisasi Pesawat Customer
                                                                                               maintenance pesawat Group Afiliation tidak terealisasi sesuai target
    06                                          4     Group Affiliation
                                                                                               A decrease in net profit will occur if the reactivation work targets for the Group Affiliation
                                                      SAP Technical Support reduction
                                                                                               aircraft maintenance project are not realized as targeted.

                                                      Cyber Attack                             Jumlah rata-rata serangan siber per minggu 200-500 kali
                                                5
                                                      Cyber Attack                             Average number of cyber attacks per week: 200-500 times

                                                      Kegagalan GMF dalam pemenuhan
                                                                                               Risiko Hukum: Perusahaan diputuskan kalah di pengadilan tingkat pertama.
                                                6     kewajiban utang
                                                                                               Legal Risk: The company lost its case in the court of first instance.
                                                      Failure to fulfill debt obligations

                                                      Realisasi Program Inisiatif Strategis    Minimal 1 parameter tujuan strategis yang harus selesai pada tahun ini tertunda antara
                                                      dan Implikasinya terhadap Peningkatan    6 - 9 bulan
                                                 7
                                                      Ekuitas dan Sentimen Pasar               At least one strategic objective that should have been completed this year has been
                                                      Failure to fulfill debt obligations      delayed by 6-9 months.
Tata Kelola Perusahaan - Corporate Governance




                                                      Keterlambatan SLA dan TAT Penyelesaian   •   Beban SLA Penalty berdasarkan kontrak jangka panjang dengan customer
                                                      Project Maintenance                      •   Beban TAT Penalty berdasarkan kontrak maintenance event dengan customer NGA
                                                8
                                                      Delays in SLA and TAT for Project        •   SLA Penalty charges based on long-term contracts with customers
                                                      Maintenance Completion                   •   TAT Penalty charges based on per-event maintenance contracts with NGA customers

                                                                                               •   Kenaikan biaya/harga perolehan material melebihi asumsi dalam RKAP
                                                                                               •   Kenaikan biaya subcontracting karena peningkatan transaksi exchange
                                                                                               •   Kenaikan pembelian dengan AOG basis, sehingga berdampak 30% lebih tinggi
                                                      Issue Global Supply Chain Terkait            dari pembelian normal
                                                      Kelangkaan Spare Part Pesawat            •   Kenaikan biaya freight untuk mempercepat pengiriman dengan urgent priority
                                                9
                                                      Global Supply Chain Issues Related to    •   Increase in material acquisition costs/prices exceeding assumptions in the RKAP
                                                      Aircraft Spare Part Shortages            •   Increase in subcontracting costs due to an increase in exchange transactions
                                                                                               •   Increase in purchases on an AOG basis, resulting in a 30% higher cost than normal
                                                                                                   purchases
                                                                                               •   Increase in freight costs to expedite deliveries with urgent priority

                                                                                               •   Potensi tambahan kerugian atas piutang yang sudah jatuh tempo
                                                                                               •   Target arus kas tidak tercapai
                                                                                               •   Peningkatan utang perusahaan (utang melebihi kebutuhan modal kerja dan kewajiban
                                                                                                   jangka pendek)
                                                                                               •   Kekurangan modal kerja untuk operasional
                                                                                               •   Kekurangan modal investasi untuk pengembangan perusahaan
                                                      Pencadangan Kerugian atas Piutang        •   Tuntutan PKPU
                                                10    Overdue                                  •   Potential additional losses on past due receivables
                                                      Bad Debt Allowance                       •   Cash flow target not achieved
                                                                                               •   Increased company debt (debt beyond meeting working capital needs and short-
                                                                                                   term liabilities)
                                                                                               •   Lack of working capital for operations
                                                                                               •   Lack of investment capital for company development
                                                                                               •   PKPU demands




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                                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
MITIGASI RISIKO                                                              RISK MITIGATION

Perseroan merancang upaya penanggulangan (mitigasi)                          The Company designs a risk mitigation for every
risiko dari setiap risiko yang teridentifikasi sebagai                       identified risk to anticipate the risk from showing again
bentuk antisipasi terhadap kemungkinan risiko yang                           in the future. Based on the risk profile earlier, GMF has
muncul dalam di masa mendatang. Berdasarkan profil                           made several mitigations as follows:
risiko yang telah disampaikan sebelumnya, GMF telah
melakukan mitigasi sebagai berikut:


                                                               Mitigasi Risiko GMF
                                                               GMF Risk Mitigation
             Peristiwa Risiko                                                            Mitigasi
 No.
               Risk Event                                                                Mitigation




                                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
       Suspense/surrender
       Certification EASA/FAA                   Regulatory compliance secara periodik
  1
       Suspense or surrender EASA/              Regulatory compliance periodicaly
       FAA certificate

       P e m b a t a l a n / Ke g a g a l a n
       Realisasi Pekerjaan dalam Sales          •   Melakukan iterasi customer baru dan lama secara regular dan intensif
       Plan Non-Group Affiliation               •   Menawarkan paket maintenance yang menarik bagi customer baru (harga, scope, trial)
  2
       Cancellation or failure of               •   Regularly and intensively iterate new and existing customers
       project realization from Non-            •   Offer attractive maintenance packages to new customers (price, scope, trial)
       Group/Affiliation sales plan

                                                •   Memulai negosiasi perpanjangan lisensi SAP
                                                •   Menyiapkan rencana cadangan operasional jika terjadi kegagalan dalam memperbarui
       Penurunan Technical Support
                                                    lisensi tepat waktu
       SAP
                                                •   Melibatkan konsultan yang berpengalaman untuk membantu proses migrasi dan meminimalisir
  3    SAP Technical Suppor t
                                                    risiko.
       reduction
                                                •   Begin negotiations for SAP license renewal
                                                •   Prepare an operational backup plan in case of failure to renew the license on time
                                                •   Engage experienced consultants to assist with the migration process and minimize risk.

       Penurunan Utilisasi Pesawat              •   Menerapkan sensitivity rate dalam penagihan PBTH
       Customer Group Affiliation               •   Adanya klausul dalam kontrak PBTH yang mengatur kesepakatan annual escalation rate
  4
       SAP Technical Suppor t                   •   Applying sensitivity rates in PBTH billing
       reduction                                •   The existence of clauses in PBTH contracts that regulate annual escalation rate agreements

                                                •   Melatih karyawan secara teratur tentang pengenalan phishing dan praktik keamanan siber
                                                    dasar.
                                                •   Melakukan backup data secara teratur dan menyimpannya di lokasi yang terpisah
                                                •   Menginstal perangkat lunak keamanan endpoint yang memadai untuk mendeteksi dan
                                                    mencegah serangan malware.
                                                •   Menerapkan software security otomatis untuk mendeteksi celah dan potensi ancaman
                                                    secara real-time.
                                                •   Menerapkan enkripsi end-to-end untuk semua data sensitif
                                                •   Melakukan audit keamanan dan akses sistem secara teratur untuk mendeteksi perubahan
  5    Cyber Attack
                                                    atau aktivitas yang tidak sah.
                                                •   Regularly train employees on phishing awareness and basic cybersecurity practices.
                                                •   Perform regular data backups and store them in a separate location.
                                                •   Install adequate endpoint security software to detect and prevent malware attacks.
                                                •   Implement automated security software to detect vulnerabilities and potential threats in
                                                    real time.
                                                •   Implement end-to-end encryption for all sensitive data.
                                                •   Conduct regular security and system access audits to detect unauthorized changes or
                                                    activities.

                                                •   Melakukan penagihan piutang yang sudah lebih dari 1 tahun
       Ke g a g a l a n G M F d a l a m
                                                •   Melakukan dan monitor prioritas pembayaran agar cash flow terjaga
  6    pemenuhan kewajiban utang
                                                •   Collect receivables that are more than 1 year overdue
       Failure to fulfill debt obligations
                                                •   Prioritize and monitor payments to maintain cash flow

       Realisasi Program Inisiatif
       Strategis dan Implikasinya
                                                Melakukan exposure atas pencapaian Perusahaan ke publik
  7    terhadap Peningkatan Ekuitas
                                                Exposing the Company's achievements to the public
       dan Sentimen Pasar
       Failure to fulfill debt obligations




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                                                                                                        Mitigasi Risiko GMF
     02                                                                                                 GMF Risk Mitigation
                                                             Peristiwa Risiko                                                     Mitigasi
                                                 No.
                                                               Risk Event                                                         Mitigation
    03                                                  Keterlambatan SL A dan
                                                        TAT Penyelesaian Project         •   Melakukan persiapan perencanaan project dengan lebih matang
                                                        Maintenance                      •   Melakukan penagihan di awal project
                                                  8
                                                        Delays in SL A and TAT           •   Conduct more thorough project planning preparations
      04                                                for Project Maintenance          •   Collect payments at the beginning of the project
                                                        Completion

                                                                                         •   Mencari alternate material yang dapat menggantian material utama yang nil stock dengan
     05                                                                                      evaluasi dari pihak engineering dan approval dari pihak quality dan operator
                                                        Issue Global Supply Chain        •   Berkomunikasi dengan vendor untuk mengetahui leadtime restock material dan melakukan
                                                        Terkait Kelangkaan Spare Part        planning min/max.
                                                        Pesawat                          •   Menyediakan arus kas khusus material untuk dapat dilakukan pembayaran di awal
    06                                            9
                                                        Global Supply Chain Issues       •   Search for alternate materials that can replace main materials that are out of stock, with
                                                        Related to Aircraft Spare Part       evaluation from engineering and approval from quality and operators.
                                                        Shortages                        •   Communicate with vendors to find out the lead time for restocking materials and carry out
                                                                                             min/max planning.
                                                                                         •   Provide special cash flow for materials so that payments can be made in advance.

                                                                                         •   Melakukan profiling customer
                                                        Pencadangan Kerugian atas
                                                                                         •   Melakukan penagihan secara berkala
                                                  10    Piutang Overdue
                                                                                         •   Performing customer profiling
                                                        Bad Debt Allowance
                                                                                         •   Performing periodic billing



                                                EVALUASI SISTEM MANAJEMEN RISIKO                                      RISK MANAGEMENT SYSTEM
                                                                                                                      EVALUATION
Tata Kelola Perusahaan - Corporate Governance




                                                Sistem manajemen risiko GMF tidak terlepas dari peran                 The risk management system is inseparable from the
                                                Enterprise Risk Management (ERM) sebagai penangung                    Enterprise Risk Management (ERM), as the team in
                                                jawab pengelolaan risiko. Penilaian dan evaluasi terhadap             charge of risk management. Assessment and evaluation
                                                kinerja ERM pada tahun 2025 telah disampaikan di                      of ERM performance in 2025 are available in the
                                                pembahasan mengenai penilaian kinerja dan organ                       discussion regarding its assessment and the supporting
                                                pendukung Direksi pada pembahasan sebelumnya.                         bodies of the Board of Directors in the earlier discussion.

                                                PANDANGAN DEWAN KOMISARIS DAN                                         VIEWS FROM THE BOARD OF
                                                DIREKSI                                                               COMMISSIONERS AND BOARD OF
                                                                                                                      DIRECTORS

                                                Dewan Komisaris dan Direksi memandang bahwa GMF                       The Board of Commissioners and Directors consider that
                                                secara aktif menerapkan strategi yang melibatkan                      GMF is actively implementing a strategy that involves
                                                pengelolaan risiko sebagai bagian integral dari rencana               managing risk as an integral part of the business plan,
                                                bisnis, mengambil riisko lebih tinggi dalam rangka                    taking higher risks in order to achieve greater growth
                                                mencapai pertumbuhan dan inovasi yang lebih besar.                    and innovation.

                                                Jika diperlukan pengambilan Keputusan bisnis, maka                    If business decisions are required, they are based on
                                                Keputusan tersebut didasarkan pada analisis risiko dan                risk analysis and the potential for long-term return on
                                                potensi pengembalian investasi jangka panjang serta                   investment and can bear a large burden.
                                                dapat menanggung beban yang besar.




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                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
RENCANA MANAJEMEN RISIKO 2026                          RISK MANAGEMENT PLAN 2026

Dengan mempertimbangkan kebijakan baru bahwa           Considering the new policy that the preparation of the
penyusunan RKAP (Rencana Kerja dan Anggaran            2026 RKAP (Corporate Work Plan and Budget) follows
Perusahaan) 2026 mengikuti pedoman strategis yang      the strategic guidelines issued by PT Danantara Aset
dikeluarkan oleh PT Danantara Aset Manajemen, maka     Manajemen, GMF will prepare a risk management plan
GMF akan Menyusun rencana manajemen risiko sesuai      in accordance with the guidelines issued by PT. DAM.
dengan pedoman yang dikeluarkan oleh PT. DAM. Selain   Furthermore, the guidelines from PER-2/MBU/03/2023
itu, pedoman dari PER-2/MBU/03/2023 juga tetap         will also remain in effect.
diterapkan.

Guna mendukung tercapainya program kerja Enterprise    To support the achievement of the Enterprise Risk
Risk Management pada 2026, maka program perbaikan      Management work programme in 2026, the continuous
berkelanjutan yang akan dilakukan antara lain:         improvement programme includes:




                                                                                                                Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
1. Meningkatkan kolaborasi antar lini dan menanamkan   1. Improving collaboration between lines and
    kesadaran risiko sebagai budaya perusahaan            embedding risk awareness as a corporate culture.
2. Pemenuhan compliance penerapan Manajemen            2. Fulfillment of compliance of Risk Management
    Risiko sesuai PER-2/MBU/03/2023                       implementation in accordance with PER-2/
                                                          MBU/03/2023
3. Peningkatan kualifikasi dan kompetensi organ        3. Improving the qualifications and competencies of
   pengelola risiko                                       risk management organs
4. Peningkatan sistem pengelolaan risiko yang          4. Improvement of an integrated risk management
   terintegrasi dengan berbasis teknologi                 system with technology-based




                                                                                                                343
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       01

                                                Sistem Pengendalian Internal
     02
                                                Internal Control System

    03
                                                Sistem Pengendalian Internal (SPI) merupakan proses                                   The Internal Control System (ICS) is a process designed
                                                yang dirancang dan dijalankan oleh Dewan Komisaris,                                   and implemented by the Board of Commissioners, the
      04
                                                Direksi, dan struktur manajemen lainnya, serta seluruh                                Board of Directors, other management structures,
                                                personil Perseroan yang bertujuan untuk mewujudkan                                    and all personnel of the Company. It aims to realize
                                                komitmen Perseroan dalam menerapkan prinsip Tata                                      the Company’s commitment to the implementation of
     05                                         Kelola Perusahaan yang Baik, juga untuk memberikan                                    Good Corporate Governance principles, as well as to
                                                keyakinan yang memadai atas tercapainya efektivitas                                   provide reasonable assurance of the achievement of
                                                dan efisiensi operasi, keandalan pelaporan keuangan,                                  operational effectiveness and efficiency, reliability of
    06                                          kepatuhan terhadap hukum, dan peraturan yang berlaku                                  financial reporting, compliance with applicable laws
                                                serta penerapan mekanisme check and balance.                                          and regulations, and the enforcement of a check and
                                                                                                                                      balance mechanism.

                                                Sebagai organ Perseroan yang bertanggung jawab atas                                   As the Company's organ responsible for corporate
                                                pengelolaan perusahaan, Direksi harus memastikan                                      management, the Board of Directors must ensure that
                                                bahwa fungsi pengendalian internal dan manajemen                                      internal control and risk management functions are in
                                                risiko telah tersedia dan diterapkan pada semua aspek                                 place and implemented across all aspects and levels
                                                dan lini perusahaan.                                                                  of the Company.

                                                KEBIJAKAN PENGENDALIAN INTERNAL                                                        INTERNAL CONTROL POLICY
Tata Kelola Perusahaan - Corporate Governance




                                                Perseroan memiliki surat keputusan KB-01-009                                          The Company has two decrees of KB-01-009 Risk
                                                Kebijakan Manajemen Risiko dan KB-01-010 Kebijakan                                    Management Policy and KB-01-010 Internal Control
                                                Pengendalian Internal yang dicetuskan oleh Direktur                                   Policy which was issued by the President Director
                                                Utama sebagai pedoman sistem pengendalian internal.                                   as the internal control guideline. These guidelines
                                                Pedoman tersebut memastikan kegiatan pengelolaan                                      ensure that the Company's management activities run
                                                Perseroan berjalan dengan baik dan tidak menyimpang                                   approrirately and do not deviate from the prevailing rules
                                                dari ketentuan dan peraturan yang berlaku. Perseroan                                  and regulations. The Company adopts the 3 Lines of
                                                mengadopsi konsep 3 Lines of Defense dalam                                            Defense concept in risk management and internal control
                                                pengelolaan risiko dan pengendalian internal yang dapat                               as follows:
                                                dilihat dalam kerangka sistem pengendalian internal
                                                sebagai berikut:


                                                                                               Kerangka Sistem Pengendalian Internal
                                                                                                    Internal Control Framework

                                                                                                                                     *Set the from the top*
                                                                                  BoD Perform          Menetapkan dan mengarahkan sistem internal perusahaan framework manajemen risiko
                                                                                   Oversight                          Determining and directing risk management framework
                                                                                                                                of the corporate internal system




                                                                                                       Pertahanan lapis ketiga
                                                                                                       • Melakukan Pengujian yang independen dan objektif untuk memastikan
                                                                                                       • efektivitas dan Efisiensi proses bisnis
                                                                                                       • Menjamin implementasi manajemen risiko berfungsi sesuai desain
                                                                                                       • mengidentifikasi kemungkinan perbaikan proses
                                                                                  BoD Perform
                                                                                                       Third Line of Defense
                                                                                   Oversight
                                                                                                       • Conducting independent and objective evaluation to ensure the effectiveness
                                                                                                           and efficiency of business process
                                                                                                       • Ensuring that risk management implementation is functioning according to the
                                                                                                           design identifying chances of process improvement
                                                                                                       • mengidentifikasi kemungkinan perbaikan proses




                                                                                                       Pertahanan Lapis Kedua
                                                                                                       Mendesain dan mengembangkan Framework Manajemen Risiko Memfasilitasi dan
                                                                                                       mengevaluasi kepatuhan terhadap peraturan yang berlaku
                                                                                Unit Pengawasan
                                                                                     Internal          Second Line of Defence
                                                                               Internal Control Unit




                                                                                                       Pertahanan Lapis Kedua
                                                                                                       Mendesain dan mengembangkan Framework Manajemen Risiko Memfasilitasi dan
                                                                                                       mengevaluasi kepatuhan terhadap peraturan yang berlaku
                                                                             Manajemen Operasional
                                                                             Operational Management
                                                                                                       Second Line of Defence
                                                                                                       Designing and developing Risk Management according to the implemented framework and
                                                                                                       Evaluating compliance with prevailing regulations




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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
ADAPTASI PRINSIP COSO                                       ADAPTATION OF COSO PRINCIPLES

Perseroan mengadopsi konsep 3 Lines Model                   The Company adopts the Committee of Sponsoring
dalam pengelolaan risiko dan pengendalian internal          Organizations of the Treadway Commission’s (COSO)
yang diambil dari prinsip Committee of Sponsoring           3 Lines Model concept in risk management and
Organizations of the Treadway Commission (COSO).            internal control. The working units, as the Operational
Unit kerja, sebagai Manajemen Operasional, berperan         Management, play an important role in controlling work
penting dalam mengendalikan aktivitas kerja di unitnya      activities. With their function as Management Control,
masing-masing. Risk Management, dengan fungsinya            Risk Managementare tasked with managing corporate
sebagai Manajemen Pengendali, bertugas mengelola            risk as a whole that includes assessment and monitoring
risiko korporat secara keseluruhan yang melakukan           of corporate risk control measures.
berbagai aktivitas asesmen dan melakukan monitoring
tindakan pengendalian risiko korporat.

PENGENDALIAN INTERNAL UNTUK                                 INTERNAL CONTROL FOR




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
ASPEK OPERASI DAN KEUANGAN                                  OPERATIONAL AND FINANCIAL
                                                            ASPECTS
Manajemen menempatkan individu dalam posisi yang
tepat sesuai kompetensi. Terdapat sejumlah pedoman          The Management positioned the individuals in the
kerja yang telah disusun untuk menjamin adanya standar      correct position according to their competence. There
dalam melaksanakan kerja. Perseroan memiliki berbagai       are several guidelines to ensure work standards work.
unit bisnis yang dibentuk untuk menjalankan fungsinya       The Company has various business units to carry out
masing-masing untuk memastikan adanya pengendalian          their respective functions to ensure adequate internal
internal yang memadai yaitu:                                control, namely:
• Unit Budget and Control yang bertanggung jawab            • Budget and Control Unit, responsible for controlling
    dalam mengontrol realisasi penggunaan anggaran.             the budget and its use.
• Unit Security Management yang bertanggung jawab           • Security Management Unit, responsible for the
    dalam menjamin keamanan Perseroan.                          Company’s security.
• Unit Financial & Management Accounting, Internal          • Financial & Management Accounting Unit, Internal
    Control, dan Safety Inspection yang bertanggung jawab       Control, and Safety Inspection Units, responsible
    dalam mendesain dan mengembangkan kerangka                  for designing and developing a risk management
    manajemen risiko serta mengontrol implementasinya.          framework and controlling its implementation.
• Unit Quality System & Auditing yang bertanggung           • Quality System & Auditing Unit, responsible for
    jawab dalam melakukan kontrol kualitas terhadap             quality control on the Company's materials and
    material dan produk Perseroan.                              products.
• Unit Corporate Legal dan Unit Aircraft Quality            • The Corporate Legal Unit and the Aircraft Quality
    Performance Monitoring yang bertanggung jawab               Performance Monitoring Unit, responsible for
    dalam menjamin kepatuhan Perseroan sesuai dengan            ensuring the Company's compliance with regulations
    regulasi yang berlaku baik dari pemerintah maupun           from the government and aviation authorities.
    otoritas penerbangan.
• Unit Human Capital Management dan Unit Strategic          •   The Human Capital Management Unit and the
    Management Office yang bertanggung jawab                    Strategic Management Office Unit, responsible for
    mendesain struktur organisasi.                              designing the organizational structure.

Direksi berperan untuk mengarahkan sistem                   The Board of Directors plays a role to direct the internal
pengendalian internal. Dewan Komisaris bertindak            control system. The Board of Commissioners acts as a
sebagai pengawas untuk memastikan jalannya Perseroan        supervisor and gives direction and advice to prevent
dan memberikan arahan serta nasihat yang diperlukan         irregularities. External parties such as KAP, Aviation
untuk mencegah adanya penyimpangan. Pihak                   Authority Institutions, Quality Certification Bodies, and
eksternal seperti KAP, Lembaga Otoritas Penerbangan,        Regulators are all independent parties assessing the
Lembaga Sertifikasi Mutu, dan Regulator menjadi pihak       Company's internal control according to their respective
independen yang menilai pelaksanaan pengendalian            fields.
internal Perseroan sesuai bidangnya masing-masing.




                                                                                                                         345
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       01

                                                EVALUASI PENGENDALIAN INTERNAL                                  INTERNAL CONTROL EVALUATION
     02
                                                Evaluasi terhadap efektivitas pengendalian internal             Evaluation of internal control effectiveness is inseparable
                                                tidak terlepas dari evaluasi terhadap seluruh unit bisnis,      from the evaluation of all business units, especially
    03                                          terutama unit-unit yang terkait pengelolaan risiko dan          those related to risk management and internal audit.
                                                audit internal. Tentunya penilaian terhadap masing-             Of course, the assessment of each unit is available in the
                                                masing unit bisnis tersebut dapat dibaca di pembahasan          earlier discussion in this Integrated Report. However, in
                                                sebelumnya yang ada di Laporan Terintegrasi ini. Akan           general, the Company already has an appraisal system
      04
                                                tetapi, secara garis besar, Perseroan telah memiliki            for each unit to evaluate overall KPI achievement. This
                                                sistem penilaian kinerja masing-masing unit bisnis              assessment is one of the bases for assessing internal
                                                sebagai bentuk evaluasi dari pencapaian KPI Perseroan           control, which is always monitored periodically.
     05                                         secara keseluruhan. Penilaian ini menjadi salah satu
                                                dasar evaluasi pengendalian internal yang selalu
                                                dimonitor secara berkala.
    06
                                                PANDANGAN DEWAN KOMISARIS DAN                                   VIEWS FROM THE BOARD OF
                                                DIREKSI                                                         COMMISSIONERS AND BOARD OF
                                                                                                                DIRECTORS

                                                Dewan Komisaris dan Direksi memandang bahwa                     The Board of Commissioners and the Board of Directors
                                                penerapan sistem pengendalian internal Perseroan                consider that the Company’s internal control system
                                                pada tahun 2025 adalah baik. Aktivitas kontrol dilakukan        implementation in 2025 was effective. Control activities
                                                di semua tingkat entitas dan dalam berbagai tahapan             were carried out across all levels of the entity, covering
                                                pada proses bisnis dan di lingkungan teknologi. Aktivitas       various stages of business processes as well as the
                                                pengendalian di GMF meliputi kegiatan yang bervariatif,         technology environment. Control activities at GMF
Tata Kelola Perusahaan - Corporate Governance




                                                antara lain otorisasi, verifikasi, rekonsiliasi, analisis,      include a range of measures, such as authorization,
                                                prestasi kerja, menjaga keamanan aset perusahaan, dan           verification, reconciliation, analysis, performance review,
                                                pemisahan fungsi (segregation of duties). Seluruh proses        safeguarding of company assets, and segregation of
                                                pengendalian ini telah dituangkan dalam kebijakan,              duties. All control processes have been formalized in
                                                prosedur bisnis, dan instruksi kerja perusahaan. Aktivitas      the Company’s policies, business procedures, and work
                                                pengendalian yang lebih rinci juga tertulis pada risk           instructions. More detailed control activities are also
                                                register unit dalam setiap risiko yang telah teridentifikasi.   documented in each unit’s risk register for all identified
                                                                                                                risks.




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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                                      Perkara Penting [GRI 2-27]
                                                                             Important Cases [GRI 2-27]




PERMASALAHAN HUKUM                                          LEGAL ISSUES

Permasalahan dan/atau perkara hukum yang dihadapi           Legal issues and/or cases that the Company or its
Perseroan serta anggota Dewan Komisaris dan Direksi         Commissioners or Directors faced in the past 2 (two)
dalam 2 (dua) tahun terakhir adalah sebagai berikut:        years are as follows:




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                    2025                           2024
                Permasalahan Hukum
                    Legal Issues                          Perdata          Pidana        Perdata          Pidana
                                                           Civil           Criminal       Civil           Criminal
 GMF

 Selesai dan telah mempunyai kekuatan hukum tetap          Nihil            Nihil          Nihil           Nihil
 Settled with legally-binding decision                     None             None           None            None

 Dalam proses penyelesaian                                 Nihil            Nihil          Nihil           Nihil
 Ongoing                                                   None             None           None            None

 Dewan Komisaris dan Direksi
 Board of Commissioners and Directors

 Selesai dan telah mempunyai kekuatan hukum tetap          Nihil            Nihil          Nihil           Nihil
 Settled with legally-binding decision                     None             None           None            None

 Dalam proses penyelesaian                                 Nihil            Nihil          Nihil           Nihil
 Ongoing                                                   None             None           None            None

Jumlah                                                     Nihil            Nihil          Nihil           Nihil
Total                                                      None             None           None            None



Dengan demikian, berdasarkan informasi yang disajikan       Hence, from the table, there were no ongoing legal cases
pada tabel, tidak ada permasalahan hukum yang               involving the Company or those that have finished in
dihadapi Perseroan, maupun yang telah selesai pada          2025 to be reported in this Integrated Report.
tahun 2025 yang dapat diungkapkan dalam Laporan
Terintegrasi ini.

SANKSI ADMINISTRASI                                         ADMINISTRATIVE SANCTIONS

Terdapat 4 (empat) sanksi administratif yang dijatuhkan     There were 4 (four) administrative sanctions imposed
terhadap Perseroan. Tidak terdapat sanksi yang              on the Company. There were no sanctions imposed on
dijatuhkan kepada Direksi maupun Dewan Komisaris.           the Board of Directors nor the Board of Commissioners.

PERKARA PENTING DI LUAR ASPEK                               IMPORTANT MATTERS OUTSIDE THE
HUKUM                                                       LEGAL ASPECTS

Sepanjang tahun 2025, Perseroan tidak mendapatkan           Throughout 2025, the Company did not receive any
adanya perkara penting di luar aspek hukum yang             important cases outside the legal aspects involving the
melibatkan Perseroan maupun Dewan Komisaris dan             Company or the Board of Commissioners and the Board
Direksi.                                                    of Directors.




                                                                                                                       347
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       01

                                                Akses Informasi dan Data Perusahaan
     02
                                                Access to Information and Company Data

    03


      04
                                                Perseroan memiliki Pedoman Tata Kelola Perusahaan                   The Company has Corporate Governance Guidelines
                                                (PTKP) yang mengatur Kebijakan Komunikasi Keluar                    (PTKP) governing the Company's Exit Communication
     05                                         Perseroan. Kebijakan ini mencakup antara lain ketentuan             Policy. This policy includes, among other things, the
                                                yang mengatur peran dan tanggung jawab beberapa                     roles and responsibilities of the Company’s bodies
                                                organ Perseroan (Komisaris Utama, Direktur Utama,                   (President Commissioner, President Director, Finance
    06                                          Direktur Keuangan, Investor Relation, dan Sekretaris                Director, Investor Relations, and Corporate Secretary)
                                                Perusahaan) terkait pengelolaan informasi Perseroan.                concerning the Company’s information management.

                                                PKP juga menjelaskan mengenai informasi yang bersifat               PKP also explains confidential information (material
                                                rahasia (informasi material). Pengelompokan informasi               information). When categorizing public information,
                                                publik mengacu pada informasi minimal (minimum                      the Company refers to the minimum requirements in
                                                requirement) yang dapat diberikan dalam setiap                      any communication relationship with shareholders and
                                                hubungan komunikasi dengan pemegang saham dan                       other relevant stakeholders. Information or other matters
                                                pemangku kepentingan terkait lainnya. Pemberian                     beyond the minimum requirement must be approved by
                                                informasi atau hal lain di luar batasan informasi minimal           the Board of Directors, acknowledged by the Board of
                                                tersebut, harus mendapatkan persetujuan Direksi dan                 Commissioners.
Tata Kelola Perusahaan - Corporate Governance




                                                dengan sepengetahuan Dewan Komisaris.


                                                                                    Saluran Permintaan Informasi Secara Langsung
                                                                                       Direct Communication/Information Request
                                                   Lantai 2 Lobby Selatan Hangar 4 PT Garuda Maintenance Facility Aero Asia Tbk, Area Perkantoran Bandar Udara Soekarno Hatta
                                                                                       Kelurahan Pajang Kecamatan Benda Kota Tangerang

                                                                                                       Telp. 021 5508717
                                                                                      Email: corporatecommunications@gmf-aeroasia.co.id



                                                                                                 Media Informasi Perseroan
                                                                                               The Company’s Media Channels
                                                              Media                                                          Keterangan
                                                             Channel                                                         Description
                                                                                   Pengelolaan website GMF diatur dalam Prosedur Bisnis Komunikasi Perusahaan (PB-13-003) tanggal
                                                                                   10 Juli 2015 tentang Website Perusahaan.

                                                                                   Website GMF: www.gmf-aeroasia.co.id yang dapat diakses oleh publik.
                                                 Website GMF
                                                 GMF Website
                                                                                   The GMF website is managed based on the Corporate Communication Business Procedure (PB-
                                                                                   13-003) on July 10, 2015, concerning the Company Website.

                                                                                   GMF website: www.gmf-aeroasia.co.id accessible for the public.

                                                                                   Perseroan memiliki Laporan Terintegrasi yang disampaikan kepada pemegang saham dan regulator.
                                                                                   Informasi ini dapat diakses di website dan dipergunakan dengan semestinya oleh masyarakat dan
                                                 Laporan
                                                                                   media massa.
                                                 Report
                                                                                   The Company submits Integrated Report to shareholders and regulators. This information can be
                                                                                   accessed at the website and used appropriately by the public and the mass media.

                                                                                   Portal informasi terintegrasi yang memuat mengenai employee online services, kebijakan dan
                                                 MyHC Share Point                  prosedur bisnis, pelatihan, hingga prosedur dan manual kerja.
                                                 MyHC Share Point                  A integrated information portal that contains about online employee services, business policies and
                                                                                   procedures, training, and work procedures and manuals.

                                                                                   Penity merupakan buletin bulanan untuk internal yang diterbitkan oleh unit Quality Assurance &
                                                 Buletin Penity                    Safety yang secara khusus membahas masalah safety dalam industri penerbangan.
                                                 Penity Bulletin                   Penity is a monthly internal bulletin issued by the Quality Assurance & Safety unit, specifically
                                                                                   addressing safety issues in the aviation industry.



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                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
KETERBUKAAN INFORMASI PASAR                                        INFORMATION TRANSPARENCY ON
MODAL DAN RILIS BERITA                                             CAPITAL MARKET AND PRESS RELEASE

Pada tahun 2025, terdapat 39 surat yang dilaporkan                 In 2025, there were 39 letters reported to the IDX and
ke Bursa dan OJK mengenai berbagai hal yang terkait                OJK concerning capital market activities. The Company
aktivitas pasar modal. Perseroan juga telah merilis                also issued 18 news releases to the media concerning
18 berita ke berbagai media terkait dengan informasi               business information and other matters. Information
bisnis GMF dan hal-hal penting lainnya. Informasi terkait          on releases is available in the discussion concerning
rilis dapat dilihat di pembahasan mengenai Sekretaris              Corporate Secretary in this Integrated Report.
Perusahaan dalam Laporan Tahunan Terintegrasi ini.

KEGIATAN PUBLIKASI INFORMASI                                       OTHER ACTIVITIES OF INFORMATION
LAINNYA                                                            DISCLOSURE




                                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Pada tahun 2025, Perseroan telah melakukan sejumlah                In 2025, the Company carried out a number of information
kegiatan publikasi informasi. Secara khusus, kegiatan              disclosure and publication activities. In particular, these
publikasi tahun 2025 dikhususkan untuk memperluas                  activities were focused on expanding relationships with
relasi dengan basis pelanggan baru dari segmen                     new customer bases from the new business segments
bisnis baru yang diluncurkan GMF untuk menghadapi                  launched by GMF to address business challenges. These
tantangan bisnis. Kegiatan publikasi tersebut mencakup             publication activities included public exposes, investor
public expose, investor relation, customer gathering               relations, and customer gatherings, as follows.
sebagai berikut.


                                              Aktivitas Publikasi Informasi
                                             Information Disclosures Events
                                                                                                                      Peserta
      Tanggal            Nama Aktivitas                                    Deskripsi                                   (orang)
       Date                 Event                                         Explanation                                Participants
                                                                                                                      (people)
                                                 GMF mengekplorasi perluasan peluang kemitraan di
                                                 industri perawatan pesawat terbang, khususnya di wilayah
                                                 Timur Tengah. Partisipasi ini menegaskan komitmen untuk
                                                 memperluas jaringan global dan menghadirkan solusi
 10 Februari 2025                                perawatan pesawat yang kompetitif dan berkualitas tinggi.
                      MRO Middle East                                                                                    25
 February 10, 2025                               GMF explored the expansion of partnership opportunities in
                                                 the aircraft maintenance industry, particularly in the Middle
                                                 East region. This participation highlights its commitment to
                                                 expanding its global network and delivering competitive, high-
                                                 quality aircraft maintenance solutions.

                                                 Meninjau hasil pengecatan ulang (repainting) livery pesawat
                                                 PK-BBJ dari dominasi warna merah menjadi dominasi warna
                                                 putih. Jika sebelumnya tampilan lebih menonjolkan karakter
                                                 merah yang kuat, kini desain menghadirkan kesan lebih bersih
                      Kunjungan Kementerian      dan elegan dengan penekanan pada warna putih, sekaligus
 5 Mei 2025           Sekretariat Negara RI      memastikan hasil akhir sesuai standar desain dan teknis.
                                                                                                                         25
 May 5, 2025          Visit from Indonesia’s     A review was conducted on the repainting results of aircraft
                      State Secretary Ministry   PK-BBJ’s livery, shifting from a dominant red color to a dominant
                                                 white. Previously characterized by a strong red appearance, the
                                                 new design presents a cleaner and more elegant impression
                                                 with an emphasis on white, while ensuring compliance with
                                                 design and technical standards.




                                                                                                                                    349
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       01

                                                                                                       Aktivitas Publikasi Informasi
     02                                                                                               Information Disclosures Events
                                                                                                                                                                               Peserta
    03                                               Tanggal                Nama Aktivitas                                          Deskripsi                                   (orang)
                                                      Date                     Event                                               Explanation                                Participants
                                                                                                                                                                               (people)

      04                                                                                                  Agenda komunikasi GMF bersama para pemegang saham.
                                                                                                          Agenda yang bertujuan antara lain Persetujuan Laporan
                                                                                                          Tahunan dan pengesahan Laporan Keuangan Konsolidasian
                                                                                                          Perseroan Tahun Buku 2024, Penetapan penggunaan laba
     05                                                                                                   bersih Tahun Buku 2024, Penetapan tantiem Tahun Buku 2024
                                                                                                          serta remunerasi Direksi dan Dewan Komisaris untuk Tahun
                                                                                                          Buku 2025, Penunjukan Kantor Akuntan Publik untuk mengaudit
                                                                                                          Laporan Keuangan Tahun Buku 2025, dan Perubahan susunan
    06                                          5 Juni 2025             RUPST & RUPSLB
                                                                                                          pengurus Perseroan.
                                                                                                          A communication agenda betwen GMF and shareholders                      100
                                                June 5, 2025            AGMS & EGMS
                                                                                                          aimed, among others, at the approval of the Annual Report
                                                                                                          and ratification of the Company’s Consolidated Financial
                                                                                                          Statements for the 2024 financial year, determination of the
                                                                                                          use of net profit for the 2024 financial year, determination of
                                                                                                          tantiem for the 2024 financial year as well as remuneration
                                                                                                          for the Board of Directors and Board of Commissioners for
                                                                                                          the 2025 financial year, appointment of a Public Accounting
                                                                                                          Firm to audit the 2025 financial statements, and changes in
                                                                                                          the composition of the Company’s management.

                                                                                                          GMF menyusun langkah strategisnya di sektor pertahanan
                                                                                                          dengan menandatangani serangkaian nota kesepahaman
                                                                                                          bersama mitra nasional dan global dalam ajang pameran
Tata Kelola Perusahaan - Corporate Governance




                                                                                                          internasional berskala besar yang berfungsi sebagai platform
                                                                                                          bagi pelaku industri pertahanan, kedirgantaraan, kemaritiman,
                                                11-14 Juni 2025         Indo Defence Expo &
                                                                                                          dan keamanan untuk memamerkan kapabilitas.                              50
                                                June 11-14, 2025        Forum
                                                                                                          GMF formulated its strategic initiatives in the defense sector by
                                                                                                          signing a series of memorandum of understanding with national
                                                                                                          and global partners at a large-scale international exhibition
                                                                                                          serving as a platform for defense, aerospace, maritime, and
                                                                                                          security industry players to showcase their capabilities.

                                                                                                          Silaturahmi dalam rangka memperkuat langkah transformasi
                                                                        Kunjungan Sekda Provinsi          bisnis dalam rangka penandatanganan Perjanjian Kerja Sama
                                                                        Jawa Barat – BIJB                 Operasi (KSO) bersama PT Bandarudara Internasional Jawa
                                                10 September 2025       V i s i t f ro m Re g i o n a l   Barat (BIJB) untuk pengembangan Kertajati Aerospace Park.
                                                                                                                                                                                  50
                                                September 10, 2025      Secretary of the West             A gathering was held to strengthen business transformation
                                                                        Java Province – BIJB              efforts through the signing of an Operational Cooperation
                                                                                                          Agreement (KSO) with PT Bandarudara Internasional Jawa
                                                                                                          Barat (BIJB) for the development of Kertajati Aerospace Park.

                                                                                                          Apel persiapan dalam rangka memperingati HUT TNI yang
                                                                                                          dilaksanakan untuk memastikan kesiapan seluruh pihak yang
                                                                                                          terlibat, serta dilanjutkan dengan sesi ramah tamah di GMF
                                                                                                          sebagai ajang mempererat silaturahmi, memperkuat sinergi,
                                                                        Kunjungan Kasau TNI
                                                16 September 2025                                         dan membangun komunikasi yang lebih solid antar instansi.
                                                                        Visit from the Kasau of                                                                                   700
                                                September 16, 2025                                        A preparatory assembly was conducted in commemoration
                                                                        Indonesian Armed Forces
                                                                                                          of the Indonesian National Armed Forces (TNI) Anniversary
                                                                                                          to ensure the readiness of all parties, followed by a gathering
                                                                                                          session at GMF to strengthen relationships, enhance synergy,
                                                                                                          and build more solid inter-agency communication.

                                                                                                          Momentum bagi GMF untuk memperkuat kerja sama strategis
                                                                                                          dalam rangka meningkatkan pelayanan, mengeksplorasi
                                                                                                          peluang bisnis baru, serta meresmikan proyek maintenance
                                                16-18 September 205                                       bersama maskapai pelanggan di kawasan Asia Pasifik.
                                                                        MRO Asia Pacific                                                                                          30
                                                September 16-18, 2025                                     This served as a momentum for GMF to strengthen strategic
                                                                                                          partnerships in order to enhance services, explore new
                                                                                                          business opportunities, and inaugurate joint maintenance
                                                                                                          projects with airline customers in the Asia-Pacific region.




350
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                                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                                    Aktivitas Publikasi Informasi
                                                   Information Disclosures Events
                                                                                                                           Peserta
     Tanggal             Nama Aktivitas                                         Deskripsi                                   (orang)
      Date                  Event                                              Explanation                                Participants
                                                                                                                           (people)
                                                       Ajang komunikasi GMF dengan para pemegang saham. Agenda
                                                       ini bertujuan untuk persetujuan pemegang saham terkait
                                                       rencana penambahan modal melalui mekanisme Penambahan
26 September 2025    RUPSLB                            Modal Dengan Memberikan Hak Memesan Efek Terlebih Dahulu
                                                                                                                              70
September 26, 2025   EGMS                              (PMHMETD - Right Issue).
                                                       A communication forum between GMF and its shareholders
                                                       aimed at obtaining shareholder approval for a capital increase
                                                       plan through the mechanism of a Rights Issue (PMHMETD).

                                                       Agenda ini merupakan peninjauan langsung terhadap lahan




                                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                       yang akan di-inbreng sebagai bagian dari proses verifikasi
                                                       sebelum penandatanganan dokumen resmi. Kunjungan
                                                       ini memastikan luas dan kondisi aktual lahan, kesesuaian
                                                       data dengan dokumen pendukung, serta kelengkapan
                     Kunjungan Komisaris
                                                       aspek administratif dan legal sebelum dokumen tersebut
10 Oktober 2025      Angkasa Pura Indonesia
                                                       ditandatangani.                                                         15
October 10, 2025     Visit from Commissioners
                                                       This agenda involved a direct inspection of land to be
                     of Angkasa Pura Indonesia
                                                       contributed in-kind as part of the verification process prior
                                                       to the signing of official documents. The visit ensured the
                                                       land’s actual size and condition, the consistency of data with
                                                       supporting documents, and the completeness of administrative
                                                       and legal aspects before execution.

                                                       Kunjungan perwakilan Kementerian Koordinator Bidang
                                                       Perekonomian, DKPPU, Bea Cukai, dan Kementerian
                                                       Perindustrian ini dilaksanakan dalam rangka menindaklanjuti
                                                       usulan pembebasan Bea Masuk untuk spare parts aviasi,
                     Kunjungan Kementerian             guna mendalami aspek regulasi, kesiapan implementasi,
                     Ko o rd i n a t o r B i d a n g   serta dampaknya terhadap peningkatan daya saing industri
10 Oktober 2025      Perekonomian Indonesia            penerbangan nasional.
                                                                                                                              25
October 10, 2025     Visit from the Coordinating       A visit by representatives from the Coordinating Ministry for
                     Ministry of Economic of           Economic Affairs, DKPPU, Customs and Excise, and the Ministry
                     Indonesia                         of Industry was conducted to follow up on the proposal for
                                                       import duty exemption on aviation spare parts, aiming to further
                                                       examine regulatory aspects, implementation readiness, and
                                                       its impact on enhancing the competitiveness of the national
                                                       aviation industry.

                                                       Ajang komunikasi GMF dengan para pemegang saham. Agenda
                                                       ini bertujuan untuk persetujuan pemegang saham terkait dua
                                                       agenda utama, yaitu rencana Penambahan Modal dengan
                                                       Memberikan Hak Memesan Efek Terlebih Dahulu (PMHMETD)
                                                       serta perubahan Anggaran Dasar Perseroan sehubungan
24 Oktober 2025      RUPSLB
                                                       dengan penyesuaian struktur permodalan.                                70
October 24, 2025     EGMS
                                                       A communication forum between GMF and its shareholders
                                                       aimed at obtaining approval for two main agendas, namely
                                                       the capital increase plan through a Rights Issue (PMHMETD)
                                                       and amendments to the Company’s Articles of Association in
                                                       relation to adjustments to the capital structure.

                                                       Kunjungan Direktur Utama Danantara, Dony Oskaria,
                                                       dilaksanakan dalam rangka menindaklanjuti aliran dana SHL
                                                       yang dialokasikan untuk program reaktivasi armada Garuda
                                                       Indonesia dan Citilink. Agenda ini bertujuan untuk memastikan
                     Kunjungan Direktur Utama
                                                       kesiapan, mekanisme penyaluran yang tepat, serta percepatan
13 November 2025     Danantara
                                                       implementasi program.                                                  40
November 13, 2025    Visit from the President
                                                       A visit by the President Director of Danantara, Dony Oskaria,
                     Director of Danantara
                                                       was conducted to follow up on the SHL funding allocated for
                                                       the fleet reactivation program of Garuda Indonesia and Citilink.
                                                       This agenda aimed to ensure readiness, proper disbursement
                                                       mechanisms, and the acceleration of program implementation.




                                                                                                                                         351
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       01

                                                Kode Etik [ESG G-07]
     02
                                                Code of Conduct [ESG G-07]

    03


      04
                                                Kode Etik berlaku untuk seluruh insan GMF dari seluruh    The Code of Conduct shall be followed by all personnel
                                                level organisasi, tanpa terkecuali.                       of GMF from all levels within the organizational structure,
     05                                                                                                   without exception.

                                                Pedoman Perilaku (Code of Conduct/COC) menjadi salah      The Code of Conduct (COC) becomes a method for
    06                                          satu upaya Perseroan dalam menegakan prinsip-prinsip      the Company to uphold the principles of governance
                                                tata kelola bagi seluruh insan GMF. Pedoman Perilaku      for all employees. The Code of Conduct has been
                                                telah disosialisasikan ke seluruh tingkatan di dalam      distributed to all organizational levels and become part
                                                Perseroan dan tertulis dalam kontrak kerja perekrutan     of the recruitment contract that all employees must
                                                karyawan yang harus dipahami dan ditandatangani oleh      understand and signed. All employees are expected to
                                                seluruh karyawan. Seluruh karyawan diharapkan dapat       behave according to the Company's core values and
                                                berperilaku sesuai nilai-nilai Perseroan dan menerapkan   follow the code of conduct in their daily activities. The
                                                kode etik dalam kegiatan sehari-hari. Perseroan secara    Company also organizes periodic events to remind and
                                                berkala mengadakan acara untuk mengingatkan dan           emphasize the application of a code of conduct among
                                                menekankan penerapan kode etik bagi para pegawai.         employees.
Tata Kelola Perusahaan - Corporate Governance




                                                PENGESAHAN PEDOMAN ETIKA                                  CODE OF CONDUCT RATIFICATION
                                                PERUSAHAAN


                                                             Pedoman Etika Perusahaan telah diunggah di website resmi GMF dan dapat diakses
                                                                                                oleh publik
                                                             The Code of Conduct has been uploaded to the official website of GMF and accessible for
                                                                                                 the public

                                                                                                   CLICK HERE


                                                Pedoman Etika Perusahaan ditetapkan melalui               The Code of Conduct was validated August 20, 2024,
                                                Keputusan Direktur Utama tanggal 20 Agustus 2024          with the issuance of the President Director Decree
                                                No. GMF/DT-2134/2024 tentang Pemberlakukan dan            No. GMF/DT-2134/24 concerning Enforcement and
                                                Penerapan Pedoman Perilaku (Code of Conduct). COC         Implementation of Code of Conduct. COC has been
                                                telah diperbaharui dan disahkan oleh Direksi dan Dewan    updated and ratified by the Board of Directors and
                                                Komisaris pada tanggal 6 September 2024. Pelaksanaan      the Board of Commissioners on September 6, 2024.
                                                etika perusahaan yang berkesinambungan diharapkan         Continuous implementation of corporate conduct is
                                                dapat:                                                    expected to:
                                                1. Menjadi landasan bagi seluruh insan GMF dalam          1. As the foundation for all personnel in regulating and
                                                    mengatur dan membentuk tingkah laku yang                 shaping modest behavior both inside and outside
                                                    bersahaja baik di dalam maupun di luar Perseroan.        the Company.
                                                2. Menciptakan suasana kerja yang sehat dan nyaman        2. Create a healthy and comfortable work atmosphere
                                                    dalam lingkungan Perseroan.                              in the Company's environment.
                                                3. Menjadi acuan perilaku bagi insan GMF untuk            3. Become a reference for employees to carry out
                                                    melaksanakan tugas dan tanggung jawab masing             their duties and responsibilities and interact with
                                                    masing dan berinteraksi dengan pemangku                  stakeholders.
                                                    kepentingan.
                                                4. Sebagai pedoman yang mengatur, mengawasi               4. As a guideline that regulates, supervises, and
                                                    sekaligus mencegah penyalahgunaan wewenang               prevents abuse of authority and position of each
                                                    dan jabatan setiap insan GMF.                            employee.
                                                5. Sebagai acuan bagi seluruh insan GMF dalam proses      5. As a reference for all GMF personnel in the decision-
                                                    pengambilan keputusan.                                   making process.




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                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
POKOK -POKOK ISI KODE ETIK                                           OUTLINE OF CODE OF CONDUCT

Secara umum muatan Kode Etik yang dimiliki GMF                       In general, the Code of Conduct of GMF contains the
memuat pokok-pokok isi sebagai berikut:                              following main points:
I. Komitmen Dewan Komisaris dan Direksi                              I. Commitment of the Board of Commissiones and
                                                                          Board of Directors
II. Nilai-nilai Inti GMF (Core Values)                               II. GMF Core Values
III. Etika Bisnis                                                    III. Business Ethics
     a. Kepatuhan terhadap peraturan perundangan                          a. Compliance with laws and regulations
     b. Penerimaan hadiah, suap dan gratifikasi                           b. Acceptance of gifts, bribes, and gratifications
     c. Kepedulian terhadap kesehatan, keselamatan                        c. Concern for health, safety and the work
         dan lingkungan kerja                                                environment
     d. Komitmen Perusahaan kepada Stakeholders                           d. Company Commitments to Stakeholders
IV. Etika Kerja                                                      IV. Work Ethics




                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
     a. Komitmen Insan GMF di dalam dan di luar                           a. Commitments of GMF employees inside and
         Perseroan                                                           outside the Company
     b. Komitmen sebagai Atasan                                           b. Commitment as a Superior
     c. Komitmen sebagai Bawahan                                          c. Commitment as a Subordinate
     d. Komitmen terhadap Implementasi Safety &                           d. Commitment to implement Safety & Quality Policy
         Quality Policy                                                   e. Commitment to the Secrecy of Company's Data
     e. Komitmen terhadap Kerahasiaan Data dan                               and Information
         Informasi Perseroan                                              f. Commitment on the Protection of Rights on
     f. Komitmen terhadap Perlindungan Hak Atas                              Intellectual Property and Intangible Assets
         Kekayaan Intelektual dan Intangible Assets                       g. Commitment to Company assets
     g. Komitmen terhadap Aset Perseroan                                  h. Commitment on Company Secrets and Insiders
     h. Menjaga Rahasia Perseroan dan Perilaku Insiders                      Behaviour
     i. Komitmen terhadap Benturan Kepentingan                            i. Commitment to conflicts of interest
     j. Komitmen terhadap Kegiatan Politik                                j. Commitment to political activities
     k. Perilaku Asusila, Narkoba, Obat Terlarang,                        k. Immoral behavior, drugs, illegal drugs, gambling
         Perjudian dan Merokok                                               and smoking
     l. Komitmen terhadap Keberagaman                                     l. Commitment to Diversity
     m. Ko m i t m e n te r h a d a p C o r p o r a te S o c i a l        m. Commitment to Corporate Social Responsibility
         Responsibility
     n. Penggunaan Media Sosial                                         n. Social Media Use
     o. Penerapan dan Penegakan                                         o. Implementation and Enforcement

SOSIALISASI PEDOMAN ETIKA DAN                                        SOCIALIZATION OF CODE OF
PERILAKU                                                             CONDUCT

Sosialisasi COC pada tahun 2025 merupakan upaya                      The COC socialization in 2025 was an ongoing effort
berkelanjutan yang relatif sama dengan upaya sosialisasi             that is relatively the same as the socialization efforts in
di tahun-tahun sebelumnya. Perseroan menilai bahwa                   previous years. The Company believes that it needs to
upaya ini patut untuk dilanjutkan karena dinilai efektif             be continued since it effectively enforced ethical and
untuk menegakan pedoman etika dan perilaku yang                      behavioral attitudes to all employees.
berlaku bagi seluruh karyawan.

Upaya sosialisasi melibatkan segenap karyawan di                     Socialization involves all employees at all organizational
seluruh jenjang organisasi di Kantor Pusat dan Kantor                levels at the Head Office and Representative Offices.
Perwakilan. Sosialisasi COC juga dilakukan melalui                   CoC socialization is also carried out through the
website korporat yang dapat diakses oleh pihak internal              corporate website that internal and external parties
maupun eksternal dan juga dilakukan melalui pelatihan                can access.
karyawan baru dan pejabat struktural serta media
internal GMF lainnya.

Selain itu, sosialisasi COC juga disosialisasikan kepada             Socialization was also carried out through training of
Pemasok dan Pelanggan, melalui acara gathering dan                   new employees and structural officers, and other internal
dimuat dalam website Perseroan serta media portal                    GMF media.
internal Perseroan.




                                                                                                                                   353
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       01

                                                Sosialisasi COC dilaksanakan dalam rangkaian agenda         The COC socialization is conducted as part of the GMF
     02                                         sosialisasi pegawai baru GMF sebagai bentuk komitmen        new employee orientation program as a form of the
                                                Perseroan untuk memastikan seluruh karyawan                 Company’s commitment to ensuring that all employees
                                                memahami dan menerapkan standar etika, integritas,          understand and implement the applicable standards of
    03                                          serta kepatuhan yang berlaku sejak hari pertama             ethics, integrity, and compliance from their first day of
                                                bekerja, sehingga tercipta budaya kerja yang profesional,   work, thereby fostering a professional, transparent, and
                                                transparan, dan bertanggung jawab.                          accountable work culture.
      04
                                                PENANDATANGANAN PAKTA                                       SIGNING OF THE INTEGRITY PACT
                                                INTEGRITAS
     05                                         Perseroan mewajibkan setiap karyawan dan manajemen          The Company requires employees and the management
                                                untuk menandatangani Pakta Integritas mengenai              to sign an Integrity Pact in compliance with the Code
                                                kepatuhan terhadap Kode Etik dan Perilaku. Seluruh          of Ethics and Conduct. All members of the Board of
    06                                          anggota Direksi juga diwajibkan untuk menandatangani        Directors are also required to sign the Annual Integrity
                                                Pakta Integritas Tahunan sebagai bukti bahwa Direksi        Pact as evidence that the Board of Directors is not
                                                tidak terlibat dalam perbuatan-perbuatan ataupun            involved in any action or relationship that can create
                                                hubungan yang berpotensi menimbulkan benturan               conflicts of interest and always comply with the COC.
                                                kepentingan dan senantiasa mematuhi COC. Seluruh            All serving members of the Board of Directors in 2025
                                                anggota Direksi yang menjabat pada tahun 2025 telah         have signed the integrity pact.
                                                menandatangani pakta integritas dimana masing-masing
                                                pakta integritas tersebut ditandangani dengan rincian
                                                sebagai berikut:
                                                1. Direktur Utama tertanggal 9 Januari 2025;                1. President Director dated January 9, 2025;
                                                2. Direktur Keuangan tertanggal 10 Januari 2025             2. Director of Finance dated January 10, 2025;
Tata Kelola Perusahaan - Corporate Governance




                                                3. Direktur Human Capital & Corporate Affairs               3. Director of Human Capital & Corporate Affairs dated
                                                    tertanggal 10 Januari 2025;                                January 10, 2025;
                                                4. Direktur Line Operation tertanggal 9 Januari 2025;       4. Director of Line Operation dated January 9, 2025;
                                                5. Direktur Base Operation tertanggal 9 Januari 2025.       5. Director of Base Operation dated January 9, 2025.

                                                SANKSI PELANGGARAN KODE ETIK                                SANCTION FOR VIOLATING CODE OF
                                                                                                            CONDUCT

                                                Berdasarkan Perjanjian Kerja Bersama PT GMF Aero            Based on the Joint Work Agreement with PT GMF Aero
                                                Asia Tbk, terdapat sanksi bagi setiap insan GMF yang        Asia Tbk, here is a sanction for all personnel of GMF if
                                                melanggar kode etik, yang dikategorikan ke dalam 3          they broke a code of conduct, which can be categorized
                                                (tiga) jenis sebagai berikut:                               into the following 3 (three) types:
                                                1. Sanksi Ringan, berupa Surat Peringatan Tertulis;         6. Light Sanction, through a Written Warning;
                                                2. Sanksi Sedang, berupa penurunan Base Salary sebesar      7. Moderate Sanctions, reducing 12% of the Basic
                                                    5-10% selama 4 (empat) bulan atau pembebasan dari           Salary for 4 (four) months or release from structural
                                                    Jabatan Struktural selama 6 (enam) bulan;                   positions for 6 (six) months;
                                                3. Sanksi Berat, berupa Penurunan Base Salary sebesar       8. Severe Sanctions, in reducing 12% of the Basic Salary
                                                    10% selama 12 (dua belas) bulan atau pembebasan             for 12 (twelve) months or release from structural
                                                    dari Jabatan Struktural selama 3 (tiga) tahun atau          positions for 3 (three) years or termination of
                                                    Pemutusan Hubungan Kerja (PHK).                             employment.

                                                PELANGGARAN KODE ETIK                                       VIOLATION ON CODE OF CONDUCT

                                                GMF memiliki Fungsi Compliance Officer yang bertugas        GMF has a Compliance Officer Function whose job is
                                                menindaklanjuti laporan mengenai adanya indikasi            to follow up on reports regarding indications of COC
                                                pelanggaran COC. Setiap laporan akan dikaji dan             violations. Each report will be reviewed and submitted to
                                                disampaikan kepada Direksi yang akan memutuskan             the Board of Directors who will decide on the applicable
                                                sanksi yang berlaku sesuai dengan ketentuan dalam           sanctions in accordance with the provisions of the
                                                Perjanjian Kerja Bersama (PKB).                             Collective Work Agreement (PKB).

                                                Sampai dengan 31 Desember 2025 terdapat pelanggaran         As of December 31, 2025, there were violations of
                                                disiplin terhadap PKB dalam lingkungan GMF, yaitu           discipline within the PKB within GMF, namely light
                                                pelanggaran kategori ringan sebanyak 34, pelanggaran        category violations as many as 34, medium category
                                                kategori sedang sebanyak 25, pelanggaran kategori           violations as many as 25, and serious category violations
                                                berat sebanyak 44. Semua pelanggaran tersebut telah         as many as 44. All these violations have been subject
                                                dikenakan sanksi sebagaimana mestinya.                      to appropriate sanctions.

354
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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                     Kebijakan Anti Korupsi dan Pengendalian
                                        Gratifikasi [ESG G-07]
                                            Anti-Corruption and Gratuities Control [ESG G-07]



             Pengendalian Gratifikasi telah diunggah di website resmi GMF dan dapat diakses oleh
                                                        publik
              The Control of Gratuities has been uploaded to the official website of GMF and accessible
                                                    for the public

                                                     CLICK HERE




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
GMF berkomitmen untuk melaksanakan berbagai                  GMF is committed to undertaking various measures to
upaya guna mencegah tindak korupsi, gratifikasi, dan         prevent corruption, gratification, and fraud within the
penyelewengan (fraud) di dalam tubuh Perusahaan demi         Company in order to foster clean corporate governance
menciptakan praktik tata kelola Perusahaan yang bersih       practices and ensure compliance with the law. In line
dan patuh kepada hukum. Dalam rangka menciptakan             with this commitment, and to promote clean business
praktik bisnis yang bersih dan terhindar dari segala         practices while avoiding all forms of fraud and complying
bentuk kecurangan (fraud) serta memenuhi seluruh             with all applicable regulations in Indonesia, the Company
aspek regulasi yang berlaku di Indonesia, Perseroan          has established and implemented a gratification control
memiliki dan menerapkan kebijakan pengendalian               policy. An appeal to all Company personnel to refrain
gratifikasi. Himbauan kepada seluruh insan Perseroan         from accepting gratuities and engaging in corrupt
untuk tidak menerima gratifikasi dan melakukan               practices is stipulated in the President Director’s Decree
tindakan korupsi tertuang dalam Keputusan Direktur           No. DT/KEP-5002/16 dated June 27, 2016 concerning
Utama No. DT/KEP-5002/16 tanggal 27 Juni 2016                Gratification Control within PT Garuda Maintenance
tentang Pengendalian Gratifikasi di Lingkungan PT            Facility Aero Asia Tbk, which has been updated pursuant
Garuda Maintenance Facility Aero Asia Tbk yang telah         to the President Director’s Decree No. DT/SKEP-5032/25
dimutakhirkan sesuai dengan Surat Keputusan Direktur         dated December 12, 2025 concerning the Gratification
Utama No. DT/SKEP-5032/25 tanggal 12 Desember                Control Policy and the Implementation of Anti-Bribery
2025 tentang Kebijakan Pengendalian Gratifikasi dan          Management at PT Garuda Maintenance Facility Aero
Penerapan Manajemen Anti Penyuapan PT Garuda                 Asia Tbk.
Maintenance Facility Aero Asia Tbk.

Perseroan berkomitmen untuk menciptakan iklim usaha          The Company is committed in creating a healthy
yang sehat, menghindari tindakan, perilaku ataupun           business climate, evading action or behavior that might
perbuatan-perbuatan yang dapat menimbulkan konflik           cause a conflict of interest, corruption, collusion, and
kepentingan, Korupsi, Kolusi dan Nepotisme (KKN).            nepotism. The Company always puts its interest above
Perseroan selalu mengutamakan kepentingan perusahaan         any interest, be it personal, family, group, or class. The
di atas kepentingan pribadi, keluarga, kelompok ataupun      Company also pays attention to the policy concerning
golongan. Perseroan juga senantiasa memperhatikan            anti-corruption such as Law No. 20 of 2001 concerning
kebijakan tentang anti korupsi seperti yang tertulis dalam   the Amendment on Law No. 31 of 1999 concerning
Undang-Undang No. 20 Tahun 2001 tentang Perubahan            Eradication of Corruption Act. [205-1]
atas Undang-Undang No. 31 Tahun 1999 tentang
Pemberantasan Tindak Pidana Korupsi. [205-1]

Pengelolaan pelaporan dan tindak lanjut atas korupsi         The management and follow-up on the corruption and
dan gratifikasi ini dilakukan oleh Compliance Officer,       gratification is conducted by the Compliance Officer
yakni Fungsi Legal & Corporate Governance.                   from Legal & Corporate Governance function.

Sepanjang tahun 2025, terdapat 12 (dua belas) laporan        Throughout 2025, there were 12 (twelve) reports of
gratifikasi yang dilaporkan karyawan diantaranya 2 (dua)     gratification reported by employees, including 2 (two)
laporan gratifikasi berupa uang dan 10 (sepuluh) laporan     report of gratification in the form of money and 10 (ten)
gratifikasi berupa barang. Laporan ini meningkat dari 4      report of gratification in the form of goods. This report is
(empat) laporan gratifikasi yang diterima pada tahun         an increase from 4 (four) gratification reports received
2024.                                                        in 2024.


                                                                                                                            355
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       01

                                                KOMUNIKASI DAN PELATIHAN                                   COMMUNICATION AND TRAINING
     02                                         TENTANG KEBIJAKAN & PROSEDUR                               REGARDING ANTI-CORRUPTION
                                                ANTI KORUPSI [205-2]                                       POLICY & PROCEDURE [205-2]

    03                                          Perseroan memiliki kebijakan untuk melarang                The Company has a policy of prohibiting individual
                                                keterlibatan individu, atas nama GMF, dalam kegiatan       involvement, on behalf of GMF, in political activities,
                                                politik, termasuk memberikan donasi untuk kepentingan      including making donations for political purposes.
                                                politik. Secara tegas, Perseroan tidak mengizinkan insan   Strictly speaking, the Company does not allow GMF
      04
                                                GMF menggunakan fasilitas atau sumber daya milik           personnel to use the Company's facilities or resources
                                                Perseroan untuk tujuan kampanye politik, penggalangan      for political campaign purposes, raising political funds or
                                                dana politik maupun untuk tujuan partisipasi politik.      for political participation purposes. This confirmation is
     05                                         Penegasan ini sesuai dengan yang telah diatur dalam        in accordance with what is regulated in the Company's
                                                Pedoman Etika dan Perilaku Perseroan.                      Code of Ethics and Conduct.

    06                                          Komitmen Perseroan terhadap pencegahan korupsi dan         The Company's commitment to preventing corruption
                                                fraud salah satunya dibuktikan tidak ditemukan insiden     and fraud, one of which is evident through the fact that
                                                korupsi yang berdampak signifikan terhadap reputasi        there were no incidents of corruption with significant
                                                dan kinerja Perseroan sepanjang tahun 2025. [205-3]        impact on the Company's reputation and performance
                                                                                                           throughout 2025. [205-3]
Tata Kelola Perusahaan - Corporate Governance




                                                Informasi Pemberian Dana Untuk Kegiatan Politik
                                                Information on Funding for Political Activities




                                                Perseroan memiliki kebijakan untuk melarang                The Company has a policy to prohibit individual
                                                keterlibatan individu, atas nama GMF, dalam kegiatan       involvement, on behalf of GMF, in political activities,
                                                politik, termasuk memberikan donasi untuk kepentingan      including making donations for political purposes. Strictly
                                                politik. Secara tegas, Perseroan tidak mengizinkan insan   speaking, the Company does not allow GMF personnel
                                                GMF menggunakan fasilitas atau sumber daya milik           to use the Company's facilities or resources for the
                                                Perseroan untuk tujuan kampanye politik, penggalangan      purpose of political campaigns, political fundraising or
                                                dana politik maupun untuk tujuan partisipasi politik.      for the purpose of political participation. This affirmation
                                                Penegasan ini sesuai dengan yang telah diatur dalam        is in accordance with what has been regulated in the
                                                Pedoman Etika dan Perilaku Perseroan.                      Company's Code of Ethics and Conduct.




356
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                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
     Laporan Harta Kekayaan Penyelenggara Negara
                                         (LHKPN)
                                                         State Officers’ Asset Reports (LHKPN)



PRINSIP DASAR                                            BASIC PRINCIPLES

Sebagai anak usaha dari BUMN yang dimiliki oleh          As the subsidiary of SOE, owned by the State through
Negara melalui Pemerintah Indonesia, Perseroan           the Indonesian Government, the Company is obligated
berkewajiban untuk menyampaikan Laporan Harta            to submit the State Officer’s Asset Report (LHKPN). The




                                                                                                                    Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Kekayaan Penyelenggara Negara (LHKPN). Pelaporan         report is submitted through the LHKPN form regulated
dituangkan dalam formulir LHKPN yang ditetapkan oleh     by the Commission of Corruption Eradication (KPK) in
Komisi Pemberantasan Korupsi (KPK) dalam Keputusan       the Decree of KPK No. KEP 07/KPK/02/2005 concerning
KPK No. KEP 07/KPK/02/2005 tentang Tata Cara             Registration Procedure, Inspection, and Announcement
Pendaftaran, Pemeriksaan dan Pengumuman Laporan          of the State Officer’s Asset Report, which is accustomed
Harta Kekayaan Penyelenggara Negara. Para wajib lapor    to Law No. 28 of 1999 chapter 2 (7) and its explanation.
LHKPN disesuaikan dengan Undang-Undang No. 28            The Law states that the strategic officers related with
Tahun 1999 pasal 2 (7) beserta penjelasannya. Dalam      state officials including Board of Commissioners, Board
UU tersebut diuraikan bahwa pejabat yang memiliki        of Directors, and structural officers of SOE or ROE are
fungsi strategis dalam kaitannya dengan penyelenggara    obligated to submit LHKPN report.
negara termasuk Dewan Komisaris, Direksi, dan pejabat
struktural lainnya pada BUMN dan BUMD adalah
merupakan wajib lapor LHKPN.

PELAPORAN LHKPN                                          LHKPN REPORTING

Sesuai dengan Peraturan KPK Nomor 7 Tahun 2016,          In accordance with KPK Regulation No. 7/2016, the
para pejabat wajib lapor Perseroan menyampaikan          Company's mandatory reporting officials submit reports
laporan melalui aplikasi LHKPN secara elektronik untuk   through the LHKPN application electronically to be
selanjutnya dipublikasikan oleh KPK. Pada tahun 2025,    published by the KPK. In 2025, all GMF Directors have
seluruh Direksi GMF telah menyampaikan pelaporan         submitted LHKPN reporting. Thus the percentage of the
LHKPN. Dengan demikian persentase pelaporan LHKPN        Company's LHKPN reporting in 2025 is 100%.
Perseroan tahun 2025 adalah 100%.




                                                                                                                    357
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       01

                                                Kebijakan Pengadaan Barang dan Jasa
     02
                                                Procurement Policy

    03


      04
                                                                Kebijakan Pengadaan Barang dan Jasa telah diunggah di website resmi GMF dan
                                                                                            dapat diakses oleh publik
     05                                                        The Procurement Policy has been uploaded to the official website of GMF and accessible
                                                                                                   for the public

    06                                                                                                     CLICK HERE



                                                Proses pengadaan barang dan jasa Perseroan mengacu                   The Company’s goods and services procurement refers
                                                pada kebijakan mengenai Pengadaan Barang dan Jasa                    to the Goods and Services Procurement policy according
                                                sesuai Keputusan Direktur Utama melalui KB-01-015                    to the President Director’s Decree of KB-01-015, which
                                                yang disahkan pada tanggal 26 September 2013 sebagai                 was validated on September 26, 2013, and treats as
                                                Pedoman Pengadaan Barang dan Jasa. Revisi terakhir                   a guideline ever since. The latest revision (Edition,
                                                (Edisi D Revisi 0) dilakukan pada tanggal 12 Juli 2023               Revision 0) was on July 12, 2023, as an adjustment to
                                                sebagai upaya penyesuaian perkembangan organisasi                    the Company’s organizational development.
                                                Perseroan.
Tata Kelola Perusahaan - Corporate Governance




                                                GMF berupaya mewujudkan kegiatan pengadaan yang                      GMF tries to create an efficient, effective, competitive,
                                                efisien, efektif, kompetitif, transparan, adil, wajar, terbuka       transparent, fair, open, and accountable procurement
                                                dan akuntabel, dengan melakukan hal-hal sebagai                      activity through the followings:
                                                berikut:
                                                1. Senantiasa tunduk dan patuh terhadap regulasi                     1. Follows and complies with the internal and external
                                                    internal maupun eksternal;                                          regulations;
                                                2. Berpedoman terhadap Budaya Perseroan dan Code                     2. Use the Corporate Culture and Code of Conduct
                                                    of Conduct;                                                         as guidelines;
                                                3. Menggunakan sistem teknologi informasi.                           3. Utilize the information technology system.

                                                METODE PENGADAAN BARANG DAN                                          PROCUREMENT METHOD
                                                JASA

                                                Pengadaan barang dan jasa yang dilakukan oleh GMF                    The goods and services procurement by GMF is
                                                dikategorikan ke dalam beberapa metode sebagai                       categorized into several methods as follows:
                                                berikut:


                                                                            Dilaksanakan untuk pengadaan barang dan/atau jasa      Applied for the non-specific goods and/or services
                                                                            non spesifik dan dilaksanakan bilamana memenuhi        procurement and if it meets the conditions with a
                                                 Tender/Seleksi Umum        kondisi dengan nilai PO/Annual Value kontrak di atas   PO/Annual Value contract above USD2,000,000.00
                                                 Tender/General Selection   USD2.000.000,00 (dua juta dollar Amerika Serikat)      (two million United States dollars) or equivalent to
                                                                            atau setara dengan nilai tukar mata uang lain pada     the exchange rate of other currencies at the time of
                                                                            saat transaksi.                                        the transaction.




358
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                                                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                           Penunjukan langsung adalah pengadaan yang dilaksanakan       A direct appointment is a procurement carried out by
                           dengan menunjuk langsung 1 (satu) penyedia barang dan        directly appointing 1 (one) provider of goods and services
                           jasa atau penunjukan melalui beauty contest. Metode          or through a beauty contest. This method is carried
                           pengadaan barang dan jasa ini dilakukan dengan ketentuan     out if the goods and services are in accordance with
                           barang dan jasa yang dibutuhkan merupakan produk atau        the business sector of the providers and possible by
                           layanan sesuai dengan bidang usaha dari penyedia barang      sectoral regulations.
                           dan jasa bersangkutan dan dimungkinkan dalam peraturan
                           sektoral.

                           Penunjukan langsung dilaksanakan bilamana memenuhi           A direct appointment is feasible only when one of the
                           salah satu kondisi dibawah ini:                              conditions below is met:
                           • Barang dan jasa yang dibutuhkan bagi kinerja utama         • Goods and services are required to support the
                               perusahaan dan tidak dapat ditunda keberadaannya             company's core performance and cannot be delayed
                               (business critical asset).                                   (business-critical assets).
                           • Hanya terdapat satu Penyedia barang dan jasa yang          • There is only one provider of goods and services
                               dapat melaksanakan pekerjaan sesuai kebutuhan                who can work according to user requirements or
                               pengguna (user requirement) atau sesuai dengan               according to the applicable laws and regulations.
                               ketentuan peraturan perundangan yang berlaku.
                           • Barang dan jasa yang bersifat knowledge intensive          •   Goods and services that are knowledge-intensive




                                                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                               dimana untuk menggunakan dan memelihara produk               require these products to be used and maintained
                               tersebut membutuhkan kelangsungan pengetahuan                continuously using the providers' knowledge.
                               dari penyedia barang dan jasa.
                           • Bila pelaksanaan pengadaan barang danjasa dengan           •   If the procurement of goods and services uses the
                               menggunakan metode tender/seleksi umum atau tender           tender/general selection method or limited tender/
                               terbatas/seleksi terbatas telah 2 (dua) kali dilakukan       limited selection has been carried out 2 (two) times
                               dan tidak mendapatkan Penyedia barang dan jasa yang          and fail to obtain the required goods and services or
                               dibutuhkan atau tidak ada pihak yang memenuhi kriteria       no vendors able to meet the criteria or no vendors
                               atau tidak ada pihak yang mengikuti tender/seleksi.          show up to participate in the selection process.
Penunjukan Langsung
                           • Barang dan jasa yang dimiliki oleh pemegang hak atas       •   Goods and services owned by holders of intellectual
Direct Appointment
                               kekayaan intelektual (HAKI) atau yang memiliki jaminan       property rights (IPR) or which have a warranty from
                               (warranty) dari Original Equipment Manufacture (OEM).        an Original Equipment Manufacture (OEM).
                           • Penanganan darurat untuk keamanan, keselamatan             •   Emergency handling for security, community safety
                               masyarakat dan aset strategis perusahaan.                    and company’s strategic assets.
                           • Barang dan jasa merupakan pembelian berulang               •   Goods and services are categorized as repeat
                               (repeat order) sepanjang harga yang ditawarkan               orders for as long as the price is profitable without
                               menguntungkan dengan tidak mengorbankan kualitas             sacrificing the quality of goods and services.
                               barang dan jasa.
                           • Penanganan darurat akibat bencana alam, baik yang          •   Emergency handling due to natural disasters, both
                               bersifat lokal maupun nasional (force majeure).              local and national (force majeure).
                           • Barang dan jasa lanjutan yang secara teknis merupakan      •   Advanced goods and services that considered a unit
                               satu kesatuan yang sifatnya tidak dapat dipecah-pecah        of one entity (insperable) from the previous work.
                               dari pekerjaan yang sudah dilaksanakan sebelumnya.
                           • Penyedia barang dan jasa adalah BUMN, Anak                 •   Providers of goods and services are SOE,
                               perusahaan atau Perusahaan Terafiliasi BUMN,                 Subsidiaries, or Affiliated Companies of SOE, as long
                               sepanjang kualitas, harga, dan tujuannya dapat               as the quality, price, and purpose can be accounted
                               dipertanggungjawabkan dan barang dan jasa yang               for and the goods and services are in line with the
                               dibutuhkan merupakan produk atau layanan sesuai              provider’s business.
                               dengan bidang usaha dari Penyedia barang dan jasa
                               bersangkutan.
                           • Pengadaan barang dan jasa dalam jumlah dan nilai           •   Procurement of goods and services in a certain
                               tertentu yang ditetapkan Direksi dengan terlebih             amount and value as determined by the Board of
                               dahulu mendapatkan persetujuan Dewan Komisaris.              Directors with prior approval from the Board of
                                                                                            Commissioners.
                           •   Konsultan yang tidak direncanakan sebelumnya             •   Consultants who have not planned in advance to
                               untuk menghadapi permasalahan tertentu yang sifat            face certain problems that the nature of the work
                               pelaksanaan pekerjaannya harus segera dan tidak              must be immediate and cannot be postponed.
                               dapat ditunda.

                           •   Tender Terbatas/Seleksi Terbatas adalah pelaksanaan      •   Limited Tender/Limited Selection is the procurement
                               peengadaan barang dan jasa yang dilakukan dengan             of goods and services from at least 2 (two)
                               menawarkan sekurang-kurangnya 2 (dua) peserta                participants.
                               penyedia barang dan jasa.
                           •   Tender Terbatas/Seleksi Terbatas dilaksanakan            •   Limited Tender/Limited Selection is carried out if it
Tender Terbatas/Seleksi        bilamana memenuhi salah satu kondisi dibawah:                meets one of the conditions below:
Terbatas                       a. Pengadaan barang dan jasa umum (barang dan/               a. Procurement of general goods and services (non-
Limited Tender/Selection           atau jasa non spesifik) yang nilai PO/Annual Value           specific goods and/or services) with a PO/Annual
                                   kontrak sampai dengan USD2.000.000,00 (dua                   Value up to USD2,000,000.00 (two million United
                                   juta dollar Amerika Serikat) atau setara dengan              States dollars) or equivalent to the exchange rate
                                   nilai tukar mata uang lain pada saat transaksi.              of other currencies at the time of the transaction.
                               b. Pengadaan barang dan jasa yang termasuk dalam             b. Procurement of goods and services that fall into
                                   kategori barang spesifik.                                    a specific category of goods.

                           Pembelian terhadap barang yang terdapat di pasar, dengan     Purchase of goods available at the market will make
Pengadaan Langsung
                           demikian nilainya berdasarkan harga pasar, termasuk          the value determined based on the market, including
Direct Purchase
                           E-Purchasing.                                                E-Purchasing.




                                                                                                                                                      359
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       01

                                                                                              Alur Pengadaan Barang dan Jasa
     02                                                                                              Procurement Flow



    03                                                                                    Evaluasi oleh unit
                                                                                                                            Pembentukan tim
                                                                   Tahap Pertama          pengadaan terkait                                                  Proses pengadaan
                                                                                                                              pengadaan
                                                                                              Evaluation by
                                                                      First Stage                                             Establishment of               Procurement process
                                                                                          related procurement
                                                                                                                                procurement
                                                                                                   unit


      04
                                                           •   Aircraft Parts       Pemilihan metode v                Pemilihan metode pengadaan        •   Lol
                                                           •   Non-Aircraft Parts   Selection of procurement method   Selection of procurement method   •   RFP
                                                                                                                                                        •   Proposal submission
                                                                                                                                                        •   Proposal evaluation
     05                                                                                                                                                 •
                                                                                                                                                        •
                                                                                                                                                            Due diligence
                                                                                                                                                            Negotiation
                                                                                                                                                        •   Winner announcement
                                                                                                                                                        •   Agreement signing


    06

                                                PROGRAM BAGI PEMASOK                                                  PROGRAM FOR SUPPLIERS

                                                Perseroan menjaga hubungan yang harmonis dengan                       The Company maintains a harmonious relationship with
                                                para pemasok melalui penyediaan fasilitas Kawasan                     suppliers through Bonded Facility, which will then be
                                                Berikat dan selanjutnya diubah menjadi Pusat Logistik                 changed to Bonded Logistics Center. Hopefully, the
                                                Berikat. Upaya ini diharapkan memberi kemudahan                       suppliers will find this facility useful to make them easier
                                                bagi para pemasok untuk melakukan proses ekspor                       in conducting export and import.
                                                dan impor.
Tata Kelola Perusahaan - Corporate Governance




                                                Perseroan memiliki program penilaian kinerja dan                      The Company has a performance and satisfaction
                                                kepuasan penyedia barang & jasa yang disusun oleh                     assessment program for goods & services providers that
                                                tim untuk mengetahui tingkat kinerja pemasok yang                     is prepared by a team to determine the level of supplier
                                                diadakan secara konsisten setiap tahunnya dan                         performance that is held consistently every year and to
                                                mendapatkan kepuasan pemasok selama melakukan                         obtain supplier satisfaction during the Cooperation with
                                                Kerjasama dengan GMF. Program tersebut telah diatur                   GMF. The program has been regulated and stipulated
                                                dan ditetapkan dalam kebijakan Perusahaan.                            in the Company's policy.

                                                Penilaian kinerja dan kepuasan penyedia barang & jasa                 Performance and satisfaction assessments for goods &
                                                dilakukan terhadap penyedia yang sudah masuk kategori                 services providers are carried out on providers that have
                                                penilaian perusahaan baik yang memiliki kontrak kerja                 entered the company's assessment category, both those
                                                sama maupun transaksi retail. Harapannya yaitu guna                   who have cooperation contracts and retail transactions.
                                                mengevaluasi kinerja pemasok, mengidentifikasi area                   The hope is to evaluate supplier performance, identify
                                                yang perlu ditingkatkan, dan membangun hubungan                       areas that need to be improved, and build stronger
                                                yang lebih kuat dengan pemasok, yang pada akhirnya                    relationships with suppliers, which can ultimately
                                                dapat meningkatkan kualitas produk dan layanan                        improve the quality of products and services



                                                AUDIT PENGADAAN BARANG DAN JASA                                       PROCUREMENT AUDIT

                                                GMF juga memiliki audit tahunan terkait pengadaan                     GMF also has an annual audit related to the procurement
                                                barang dan jasa yang telah dilakukan pada tahun 2024                  of goods and services that has been carried out
                                                yaitu Audit Pengadaan Barang dan Jasa Umum. Hasil                     in 2024, namely the General Goods and Services
                                                dari audit tersebut adalah pelaksanaan pengadaan                      Procurement Audit. The result of the audit is the general
                                                barang dan jasa secara umum telah sesuai dengan                       implementation of procurement of goods and services
                                                prosedur, namun beberapa hal perlu dilakukan perbaikan                has generally been in accordance with procedures,
                                                diantaranya penyimpanan dan distribusi dokumen                        however, several things need to be improved, including
                                                pengadaan kepada tim pengelola dokumen perusahaan                     the storage and distribution of procurement documents
                                                serta pembuatan form SPK (Surat Perintah Kerja)                       to the company's document management team and
                                                yang lebih jelas dan terpisah dari surat pengumuman                   the creation of a clearer SPK (Work Order) form that is
                                                pengadaan.                                                            separate from the procurement announcement letter.




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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                     Whistleblowing System [2-16, 2-25, 2-26]
                                                           Whistleblowing System [2-16, 2-25, 2-26]




KEBIJAKAN                                                     POLICY


              Kebijakan Whistleblowing System telah diunggah di website resmi GMF dan dapat
                                            diakses oleh publik
                The Whistleblowing System has been uploaded to the official website of GMF and




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                          accessible for the public

                                                    CLICK HERE


Sebagai upaya mendorong pendeteksian secara dini              To encourage early detection of fraud, GMF owns a
atas setiap tindakan penyimpangan, GMF telah memiliki         policy regulating the Whistleblowing System (WBS). The
kebijakan yang mengatur tentang Whistleblowing                WBS management refers to the Business Policy KB-01-
System (WBS). Pengelolaan WBS Perseroan mengacu               017 concerning the Whistleblowing Policy and the PB-
pada Kebijakan Bisnis KB-01-017 Kebijakan Pengelolaan         13-010 Business Procedure concerning Whistleblowing
Sistem Pelaporan Pelanggaran yang disahkan pada               System, which all were validated on August 6, 2020.
tanggal 6 Agustus 2020 dan Prosedur Bisnis PB-13-             As part of building the Fraud Control System (FCS),
010 Pengelolaan Sistem Pelanggaran yang disahkan              the preparation of WBS policies has the objectives of:
pada tanggal 6 Agustus 2020. Sebagai bagian dalam
membangun Fraud Control System (FCS), penyusunan
kebijakan WBS memiliki tujuan:
1. Sebagai wadah dan panduan untuk penerimaan                 1. As a forum and guide for receiving reports on
    pelaporan dari berbagai dugaan pelanggaran hukum             various alleged violations of the Company’s laws and
    dan peraturan Perseroan, benturan kepentingan,               regulations, conflicts of interest, fraud, corruption,
    kecurangan, korupsi, suap serta pencurian yang               bribery and theft that occur in the Company’s work
    terjadi di lingkungan kerja Perseroan;                       environment;
2. Membangun sistem penanganan pengaduan yang                 2. Building a complaint handling system that is
    tanggap, transparan, aman dan bertanggung jawab;             responsive, transparent, safe and responsible;
3. Memberi pemahaman yang sama tentang fungsi,                3. Providing the same understanding of the functions,
    peran dan proses-proses Sistem Pelaporan                     roles and processes of the Violation Reporting
    Pelanggaran serta menjamin kesinambungan                     System and ensuring the sustainability of the
    sistem manajemen meskipun terjadi perubahan                  management system despite changes in organization
    organisasi dan rotasi sumber daya manusia dengan             and rotation of human resources by creating a culture
    menciptakan budaya GCG;                                      of Good Corporate Governance;
4. Menyediakan cara penyampaian yang efektif untuk            4. Providing an effective way to deliver important and
    informasi penting dan kritis bagi Perseroan kepada           critical information for the Company to those who
    pihak yang harus segera menanganinya secara aman;            must handle it safely;
5. Menciptakan keengganan untuk melakukan                     5. Creating reluctance to commit violations, with
    pelanggaran, dengan semakin meningkatnya                     increasing willingness to report violations, and trust
    kesediaan untuk melaporkan terjadinya pelanggaran,           in an effective Violation Reporting System;
    dan kepercayaan terhadap Sistem Pelaporan
    Pelanggaran yang efektif;
6. Menyediakan mekanisme deteksi dini ( early                 6. Provide an early detection mechanism (early warning
    warning system) atas kemungkinan terjadinya suatu            system) of the possibility of a violation;
    pelanggaran;
7. Menyediakan kesempatan untuk menangani masalah             7. Providing an opportunity to handle the problem
    pelanggaran secara internal terlebih dahulu, sebelum         of violations internally first, before expanding into
    meluas menjadi masalah pelanggaran yang bersifat             problems of violations that are public and involve
    publik dan melibatkan aparat yang berwenang;                 the authorities;




                                                                                                                          361
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       01

                                                8. Mengurangi risiko yang dihadapi Perseroan, akibat        8. Reducing the risks faced by the Company, as a result
     02                                             dari pelanggaran baik dari segi keuangan, operasi,         of violations in terms of financial, operational, legal,
                                                    hukum, keselamatan kerja, dan reputasi;                    work safety, and reputation;
                                                9. Mengurangi biaya dalam menangani suatu perkara           9. Reducing costs in handling a case due to violations;
    03                                              akibat dari terjadinya pelanggaran;
                                                10. Meningkatnya reputasi Perseroan di mata pemangku        10. Increasing the Company’s reputation in the eyes of
                                                    kepentingan (stakeholders), regulator, dan masyarakat       stakeholders, regulators and the general public;
                                                    umum;
      04
                                                11. Memberikan masukan kepada Perseroan untuk               11. Provide input to the Company to look further
                                                    melihat lebih jauh area kritikal dan proses kerja           at critical areas and work processes that have
                                                    yang memiliki kelemahan pengendalian internal,              internal control weaknesses, as well as to design
     05                                             serta untuk merancang tindakan perbaikan yang               the necessary corrective actions.
                                                    diperlukan.

    06
                                                Ruang Lingkup
                                                Coverage




                                                Lingkup kebijakan WBS yang berlaku di GMF mencakup          The scope of WBS policies at GMF includes violations
Tata Kelola Perusahaan - Corporate Governance




                                                pelanggaran terhadap kebijakan internal Perseroan           of the Company's internal policies concerning GCG and
                                                terkait GCG dan COC. Selain itu lingkup kebijakan juga      COC. In addition, the policy also includes actions that
                                                mencakup perbuatan yang membahayakan keselamatan            might endanger aviation safety, occupational safety and
                                                penerbangan, keamanan dan kesehatan kerja atau              health or the security of the Company, violations of SOPs
                                                keamanan Perseroan, pelanggaran terhadap SOP yang           that may harm the Company's finances or the corporate
                                                berpotensi merugikan keuangan Perseroan maupun yang         image. In general, the WBS policy includes violations
                                                dapat menimbulkan efek negatif terhadap citra korporat.     of corruption, fraud, dishonesty, or those injuring the
                                                Lingkup kebijakan WBS secara umum meliputi pelaporan        applicable laws and regulations.
                                                terhadap perbuatan pelanggaran seperti korupsi,
                                                kecurangan, ketidakjujuran, perbuatan melanggar hukum
                                                dan peraturan perundangan yang berlaku.

                                                Kebijakan WBS mengatur peran dan tanggung jawab             The WBS policy regulates the roles and responsibilities
                                                semua pihak yang terkait, jenis pelanggaran yang bisa       of all related parties, types of violations, protection of
                                                dilaporkan, ketentuan perlindungan pelapor pelanggaran,     whistleblowers, reports, follow-up, and gratification
                                                penerimaan laporan pelanggaran, tindak lanjut laporan       management.
                                                pelanggaran dan penerimaan serta pengelolaan gratifikasi.

                                                SOSIALISASI WBS                                             WBS SOCIALIZATION

                                                Sosialisasi WBS telah dilakukan melalui pertemuan tatap     WBS was socialized through periodic face-to-face
                                                muka yang dilakukan secara periodik sejak tahun 2018.       meetings since 2018. All personnel attended the
                                                Sosialisasi dihadiri oleh seluruh insan GMF termasuk        socialization, including the Board of Commissioners,
                                                Dewan Komisaris, Direksi, dan pejabat struktural.           Board of Directors, and structural officers. The Company
                                                Perseroan juga menyebarkan pamphlet dan informasi           also distributes pamphlets and published information
                                                yang dimuat dalam artikel GMF News, Buletin Bulanan         through GMF News article and Monthly Bulletin to all
                                                yang dibagikan kepada seluruh pegawai. Pada website         employees. Information about WBS is also available at
                                                Perseroan juga terdapat informasi mengenai WBS di           the website www.gmf-aeroasia.co.id at the corporate
                                                www.gmf-aeroasia.co.id bagian corporate governance          governance section (whistleblowing system).
                                                (whistleblowing system).

                                                Sosialisasi WBS akan terus dilakukan secara                 WBS will be socialized continuously and gradually to
                                                berkelanjutan dan bertahap kepada seluruh pemangku          all stakeholders to increase the effectiveness of its
                                                kepentingan dalam rangka meningkatkan efektivitas           implementation.
                                                pelaksanaan WBS.


362
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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
Pada tahun 2025, sosialisasi Whistleblowing System       In 2025, the Whistleblowing System (WBS) was
(WBS) dilakukan secara komprehensif dan terintegrasi.    disseminated through a comprehensive and integrated
Kegiatan ini mencakup penyampaian materi WBS dalam       approach. This included the delivery of WBS materials
Orientation Training dan pelatihan internal, serta       during orientation and internal training programs, as well
kampanye peningkatan kesadaran melalui email blast       as periodic awareness campaigns supported by email
secara berkala kepada seluruh karyawan GMF dengan        blasts featuring digital media such as infographics and
media digital seperti infografis dan poster. Perseroan   posters distributed to all GMF employees. The Company
juga memproduksi video WBS yang diunggah melalui         also developed WBS videos, which were uploaded to GMF’s
media sosial GMF serta menayangkan video WBS dan         social media platforms and displayed across various work
gratifikasi di berbagai area kerja.                      areas alongside gratification awareness content.

Selain itu, sosialisasi dilakukan melalui sesi khusus    Further socialization efforts were carried out through
bersama berbagai unit kerja di GMF, dengan dukungan      dedicated sessions with different departments
pemanfaatan platform komunikasi internal seperti         within GMF, supported by the utilization of internal




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
WhatsApp dan Microsoft Teams. Perseroan juga             communication platforms such as WhatsApp and
menyediakan dokumen resmi terkait WBS yang dapat         Microsoft Teams. In addition, official WBS documents
diakses dengan mudah oleh karyawan melalui SharePoint    were made readily accessible to employees via
maupun situs resmi Perseroan, sehingga mendukung         SharePoint and the Company’s website, ensuring
pemahaman dan penerapan WBS secara berkelanjutan         ease of access and continuous reinforcement of WBS
di seluruh lingkungan kerja.                             implementation across the organization.

PIHAK PENGELOLA PENGADUAN                                COMPLAINTS MANAGER

GMF telah menunjuk pihak eksternal yaitu PT Integrity    GMF has appointed an external party, PT Integrity
Indonesia sebagai pihak independen yang mengelola        Indonesia, as an independent party that manages
laporan pelanggaran di lingkungan GMF. Pengelola         reports of violations within GMF. The report manager
laporan menganalisis laporan untuk mengumpulkan bukti    analyses the report to gather evidence and information
dan informasi sebelum kemudian disampaikan kepada        before submitting it to GMF internal for follow-up.
internal GMF untuk ditindaklanjuti.




                                                             Penyampaian Laporan
                                                                                     Report Submission




Seluruh insan GMF wajib melaporkan setiap dugaan         All personnel must report every allegation of fraud at the
tindakan penyimpangan yang terjadi di lingkungan         Company. The whistleblower may report any violation
Perseroan. Pelapor dapat melaporkan pelanggaran yang     through the following channels:
terjadi melalui jalur sebagai berikut:
1. Atasan pelapor masing-masing                          1. Their own superior
2. Fungsi Compliance Officer                             2. Through Compliance Officer
    Fungsi Compliance Officer adalah pegawai yang           The Compliance Officer is appointed by the
    ditunjuk oleh Perseroan yang berasal dari unit dua      Company who came from the units two levels under
    tingkat di bawah Direksi yang membidangi Legal &        the Board of Directors regarding Legal & Corporate
    Corporate Governance. Fungsi Compliance Officer         Governance. The Compliance Officer is responsible
    yang bertanggungjawab atas program kepatuhan            for the Company’s compliance program and ensures
    Perseroan dan memastikan bahwa seluruh Insan GMF        all personnel follows the rules, regulations, and other
    mematuhi peraturan dan ketentuan baik peraturan         policies, including the Code of Conduct.
    perundang-undangan, peraturan, ketentuan dan
    kebijakan lain yang berlaku di Perseroan termasuk
    juga Pedoman Perilaku (Code of Conduct).
3. Whistleblowing System dengan alamat website           3. Whistleblowing System with website address
    http://www.gmf-whistleblower.com dan email gmf-         http://www.gmf-whistleblower.com and email gmf-
    aeroasia@whistleblowing.link                            aeroasia@whistleblowing.link



                                                                                                                      363
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       01

                                                                                                              Alur Whistleblowing System GMF
     02                                                                                                          Whistleblowing Flow at GMF


                                                                           Mulai

    03                                                                     Start




                                                                  Pengaduan oleh Pelapor
                                                                    Violation reports by

      04                                                             Reporting Person




                                                                  Pengumpulan Data dan
                                                                   Analisis Laporan oleh

     05                                                              Fungsi Pelaporan
                                                                        Pelanggaran
                                                                  Collecting and analyzing
                                                                  data by the Function of
                                                                      Violation Reports

                                                                                                                                                                                     Penerima Laporan
    06                                                                                                                                                                   Tidak
                                                                                                                                                                                  The Recipient of Violation
                                                                                                                                                                                          Reports
                                                                                                                                                                          No
                                                                                                                                                Apakah pelaku adalah
                                                                                                                                                 pegawai Corporate
                                                                   Apakah pelaku adalah
                                                                                                         Apakah Pelaku adalah                     Secretary/ Fungsi
                                                                    Dewan Komisaris?                                                                                                 Perlu Investigasi?
                                                                                                                Direksi?                             Investigasi?
                                                                      Is the Board of                                                                                              Investigation Needed?
                                                                                                       Is the Board of Directors a               Compliance Officer Is
                                                                  Commissioner a reported
                                                                                                            reported person?                      reported person an
                                                                          person?              Tidak                                   Tidak employee/staff/investigation
                                                                                                No                                      No
                                                                                                                                             function/Compliance Officer?
                                                                                                                                                                                 Penunjukan Tim Investigasi
                                                                                                                                                                                  Designation Investigation
                                                                                                                                                                                           Team
                                                                                                                                     Ya                               Ya
                                                                                             Ya                                      Yes                              Yes
                                                                                             Yes
                                                                                                         Pelapor Awal Kepada                 Pelapor Awal kepada
                                                                   Pelapor Awal Kepada
                                                                                                           Dewan Komisaris                           Direksi
                                                                     Pemegang Saham
                                                                                                       Reporting the Investigation         Reporting the Investigation                  Investigasi?
                                                                 Reporting the Investigation
                                                                                                          Result to the Board                Result to the Board of                    Investigation?
                                                                    Result Shareholders
                                                                                                           of Commissioners                         Director
Tata Kelola Perusahaan - Corporate Governance




                                                                                                                                                                                 Pelaporan Hasil Investigasi
                                                                                                                                                                                 Reporting the Investigation
                                                                                                                                                                                           Result



                                                                                                                                                                                  Tindak Lanjut Penetapan
                                                                                                                                                                                       Status Hukum
                                                                                                                                                                                   Following Up Penalties




                                                                                                                                                                                           Selesai
                                                                                                                                                                                            Finish




                                                PERLINDUNGAN WHISTLEBLOWER                                                                         PROTECTION FOR WHISTLEBLOWER

                                                Seluruh pemangku kepentingan Perseroan dapat                                                       All stakeholders can report the violations. All personnel,
                                                melaporkan pelanggaran. Seluruh insan Perseroan mulai                                              from the Board of Commissioners, Board of Directors,
                                                dari Dewan Komisaris, Direksi, hingga karyawan dapat                                               and employees, can be reported if proven guilty.
                                                dilaporkan jika terbukti bersalah.

                                                Perseroan akan melindungi setiap pelapor dari segala                                               The Company will protect the whistleblower from all
                                                macan tekanan, ancaman, dan tindakan pembalasan                                                    kinds of pressure, threats, and other retaliations. The
                                                lainnya. Perseroan juga akan melindungi pelapor dari                                               Company will also protect the whistleblowers from
                                                perlakuan yang merugikan seperti pemecatan yang tidak                                              adverse treatment such as improper dismissal, demotion,
                                                wajar, penurunan jabatan atau pangkat, pelecehan atau                                              harassment, or discrimination in all its forms and records
                                                diskriminasi dalam segala bentuknya, dan catatan yang                                              detrimental to the Personal File. When the Company
                                                merugikan Personal File Record. Apabila tidak dapat                                                cannot resolve the issue internally, the whistleblower
                                                diselesaikan secara internal Perseroan, pelapor dijamin                                            can take the case to an independent institution outside
                                                haknya untuk membawa ke lembaga independen di luar                                                 the Company, such as a mediator, the police, or the
                                                Perusahaan, seperti mediator, kepolisian atau Lembaga                                              Witness and Victim Protection Agency (LPSK), under
                                                Perlindungan Saksi dan Korban (LPSK) dan dibiayai                                                  the Company’s cost.
                                                Perusahaan.




364
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                                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
Bagi pelapor yang terlibat dalam Pelanggaran akan                  For whistleblowers involved in the Offence will receive
mendapat keringanan sanksi. Perseroan juga akan                    sanction relief. The Company will also provide legal
menyediakan perlindungan hukum jika diperlukan,                    protection if necessary, in line with what is stipulated
sejalan dengan yang diatur pada UU No. 8 tahun 2010                in Law No. 8 of 2010 on Prevention and Eradication of
tentang Pencegahan dan Pemberantasan Tindak Pidana                 Money Laundering and Law No. 1 of 2023 on the Criminal
Pencucian Uang dan UU No. 1 tahun 2023 tentang Kitab               Code and Law No. 13 of 2006 as amended by Law No.
Undang-Undang Hukum Pidana dan UU No. 13 Tahun                     31 of 2014 on Witness and Victim Protection, and Article
2006 sebagaimana telah diubah dengan UU No. 31 tahun               5 of Government Regulation No. 57 of 2003 on Special
2014 tentang Perlindungan Saksi dan Korban, dan Pasal              Protection Procedures for Whistleblowers and Witnesses
5 PP No. 57 tahun 2003 tentang Tata Cara Perlindungan              in the Crime of Money Laundering.
Khusus bagi Pelapor dan Saksi dalam Tindak Pidana
Pencucian Uang.

SANKSI BAGI PELANGGAR                                              SANCTIONS FOR VIOLATORS




                                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Sanksi bagi terlapor yang terbukti melakukan                       Sanctions for the object of allegation have been
pelanggaran telah diatur dalam Perjanjian Kerja Bersama            stipulated in the Collective Labor Agreement (PKB),
(PKB) yang disahkan pada bulan 20 Juni 2025. Sanksi                which was ratified on June 20, 2025. Sanctions
bagi pegawai yang terbukti melakukan pelanggaran                   for employees who are proven to have committed
antara lain berupa teguran, peringatan tertulis,                   violations are in many forms, including reprimands,
penurunan kelas jabatan, hingga pemecatan. Sanksi                  written warnings, demotion, and dismissal. Sanctions
bagi pihak lain yang bekerja sama dengan GMF antara                for those collaborating with GMF include termination
lain berupa pemutusan kontrak kerja sama.                          of the contract.

PENGADUAN YANG MASUK                                               INCOMING COMPLAINTS

                                          2025                              2024                              2023
     Media Pelaporan
     Reporting Channel          Jumlah       Penerima             Jumlah       Penerima             Jumlah       Penerima
                                 Total       Receiver              Total       Receiver              Total       Receiver
 Email
                                  -      PT Integrity Indonesia     -      PT Integrity Indonesia     3      PT Integrity Indonesia
 Email

 Web WBS
                                  6      PT Integrity Indonesia     5      PT Integrity Indonesia     2      PT Integrity Indonesia
 Web WBS

 Jumlah Laporan Masuk
                                  6      PT Integrity Indonesia     5      PT Integrity Indonesia     5      PT Integrity Indonesia
 Number of Incoming Report

 Jumlah Laporan Dihentikan
 (Tidak Terbukti
                                             0                                 2                                 5
 Number of Stopped Report (No
 proof)

 Jumlah Laporan Diproses
                                             6                                 3                                 0
 Number of Processed Report

 Komposisi Laporan Masuk dan
 Laporan Diproses
                                           100%                              100%                               0%
 Composition of Incoming &
 Processed Report




                                                                                                                                      365
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       01


     02                                         Transparansi Praktik Bad Governance
                                                Transparency on Bad Governance
    03


      04

                                                Laporan atas Aktivitas Perusahaan yang                    Reports on Company’s Activities
     05                                         Mencemari Lingkungan                                      Polluting the Environment
                                                Selama tahun 2025, tidak terdapat laporan atas            Throughout 2025, there were no reports of environmental
                                                pencemaran lingkungan yang dapat disampaikan pada         pollution that can be disclosed in this report.
    06                                          laporan ini.

                                                Pengungkapan Pemenuhan Kewajiban                          Disclosure of Tax Compliance
                                                Perpajakan
                                                Nilai kontribusi pajak Perseroan pada tahun 2025          The value of the Company's tax contribution in 2025
                                                mencapai Rp316,454,037,114.                               reached Rp316,454,037,114.

                                                Pada tahun 2025, pembayaran pajak belum sepenuhnya        In 2025, tax payments were not yet fully made in a timely
                                                dilakukan secara tepat waktu mengingat likuiditas         manner, considering the Company's liquidity was still in
                                                Perseroan setelah pandemi masih dalam proses              the recovery process following the pandemic.
                                                pemulihan.
Tata Kelola Perusahaan - Corporate Governance




                                                Ketidaksesuaian Penyajian Laporan                         Incompatibility of Annual Report
                                                Tahunan dan Laporan Keuangan dengan                       Presentation and Financial Statements
                                                Peraturan yang Berlaku dan Standar                        with Applicable Regulations and
                                                Akuntasi Keuangan (SAK)                                   Financial Accounting Standards (SAK)
                                                Seluruh penyajian informasi dalam Laporan Tahunan ini,    The entire presentation of information in this Annual
                                                khususnya terkait kinerja keuangan dan hal-hal lainnya,   Report, particularly related to financial performance and
                                                mengacu pada Laporan Keuangan untuk tahun-tahun           other matters, refers to the Financial Statements for
                                                yang berakhir 31 Desember 2025 dan 31 Desember            the years ended December 31, 2025 and December 31,
                                                2024 yang telah diaudit oleh Kantor Akuntan Publik        2024 which have been audited by the Public Accounting
                                                Purwanto Susanti & Surja. Penyajian dan pengungkapan      Firm Purwanto Susanti & Surja. The presentation and
                                                laporan keuangan Perseroan disusun dan disajikan          disclosure of the Company's financial statements are
                                                sesuai Standar Akuntansi Keuangan di Indonesia, yaitu     prepared and presented in accordance with Indonesian
                                                Pernyataan Standar Akuntansi Keuangan (PSAK), yang        Financial Accounting Standards, namely the Statement
                                                diterbitkan oleh Ikatan Akuntan Indonesia (IAI) dan       of Financial Accounting Standards (PSAK), issued by
                                                Peraturan Badan Pengawas Pasar Modal dan Lembaga          the Indonesian Institute of Accountants (IAI) and the
                                                Keuangan (Bapepam-LK) No. VIII.G.7 tentang Pedoman        Regulation of the Capital Market Supervisory Agency and
                                                Penyajian Laporan Keuangan, dengan Surat Keputusan        Financial Institutions (Bapepam-LK) No. VIII.G.7 concerning
                                                Ketua Bapepam-LK No. KEP-347/BL/2012 tentang              Guidelines for the Presentation of Financial Statements,
                                                Penyajian dan Pengungkapan Laporan Keuangan Emiten        with the Decree of the Chairman of Bapepam-LK No. KEP-
                                                atau Perusahaan Publik.                                   347/BL/2012 concerning Presentation and Disclosure of
                                                                                                          Financial Statements of Issuers or Public Companies.

                                                Kasus Terkait dengan Buruh dan                            Cases Related to Labor and Employees
                                                Karyawan
                                                Sepanjang 2025, tidak terdapat kasus terkait dengan       Throughout 2025, there were no cases related to labor
                                                buruh dan karyawan.                                       and employees.




366
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                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
Pengungkapan Segmen Operasi pada                          Disclosure of Operating Segments in
Laporan Keuangan                                          Financial Statements
Sebagaimana yang tercantum dalam PSAK No. 5               As stated in PSAK No. 5 concerning Operating Segments
tentang Segmen Operasi dan untuk kepentingan              and for the management’s interest, the Company has
manajemen, Perseroan telah menyajikannya menurut          presented them according to the grouping (segment)
pengelompokkan (segmen) jasa yang diberikan, yaitu        of services, namely maintenance and repair services for
jasa pemeliharaan dan perbaikan pesawat airframe,         airframe aircraft, engines and components; as well as
engine, component; serta jasa pemeliharaan dan            maintenance and repair services for line maintenance
perbaikan pesawat line maintenance dan technical          and technical ground aircraft handling, as stated in the
ground handling, sebagaimana telah disampaikan dalam      2025 Audited Financial Statements. The Company does
Laporan Keuangan Teraudit tahun 2025. Perseroan tidak     not report information related to performance based on
melaporkan informasi terkait kinerja berdasarkan daerah   geographic areas.
geografis.




                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Kesesuaian Buku Laporan Tahunan dan                       Suitability of the Annual Report between
Laporan Tahunan Digital                                   the Book and Digital Version
Laporan Tahunan digital Perseroan, baik yang              The Company's digital Annual Reports, whether
disampaikan kepada pemegang saham, pemangku               submitted to shareholders, stakeholders, or those
kepentingan, maupun yang telah diunggah pada situs        uploaded on the Company's official website, are
web resmi Perseroan telah sesuai dengan buku Laporan      according to the Annual Report book that is printed
Tahunan yang dicetak dan diterbitkan oleh Perseroan.      and published by the Company.




                                                                                                                     367
Page 368
      Laporan Keberlanjutan - Sustainability Report


                                                                               01




                                                                04
                                                                          02




                                                           05


                                                      06
                                                                     03




368
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                                                                                                                                      369
PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                        Sustainability
                                                              Report
Page 370
       01

                                                Ikhtisar Kinerja Keberlanjutan 2025
     02
                                                Highlights of Sustainable Performance in 2025

    03


      04
                                                IKHTISAR KINERJA EKONOMI [OJK B.1]                                                        HIGHLIGHTS OF ECONOMIC
                                                                                                                                          PERFORMANCE [OJK B.1]
     05
                                                                   Keterangan                                          Satuan
                                                                                                                                                       2025                       2024                       2023
    06                                                             Description                                          Unit
                                                Jumlah Produk/Jasa yang Ditawarkan*                         Segmen
                                                                                                                                                                     2                         2                            2
                                                Number of Products/Sales Offered                            Segment

                                                Pelibatan Pemasok Lokal (Barang dan Jasa)*                  Perusahaan/Mitra
                                                                                                                                                                   56                        110                          38
                                                Local Suppliers (Goods and Services)                        Company/Partner

                                                Jumlah Pendapatan Usaha
                                                                                                            USD                                       491,882,794                 421,223,186                373,206,984
                                                Total Operating Revenues

                                                Laba Bersih Tahun Berjalan
                                                                                                            USD                                         33,967,745                26,900,045                    20,168,689
                                                Profit for the Year
                                                *) Selama tiga tahun terakhir, GMF mengoperasikan dua segmen, yaitu (1) Perbaikan dan Overhaul, dan (2) Pemeliharaan. Tidak satu pun dari kedua segmen tersebut
                                                dikategorikan sebagai ramah lingkungan, sehingga pemasok lokal yang terlibat dalam kegiatan usaha tidak berkaitan dengan produksi produk atau jasa yang terkait dengan
                                                keberlanjutan. | In the past three years, GMF has operated two segments, including (1) Repair and Overhaul, and (2) Maintenance. None of those two segments are categorized as
                                                environmentally friendly, and thus the local suppliers involved in the business are not engaged in the production of sustainability-related products/services.
Laporan Keberlanjutan - Sustainability Report




                                                IKHTISAR KINERJA LINGKUNGAN [OJK                                                          HIGHLIGHTS OF ENVIRONMENTAL
                                                B.2]                                                                                      PERFORMANCE [OJK B.2]

                                                                            Keterangan                                                 Satuan
                                                                                                                                                                  2025                   2024                   2023
                                                                            Description                                                 Unit
                                                Penggunaan Energi (Listrik dan BBM)
                                                                                                                               GigaJoule (GJ)                     81,549.08               73,916.99                  81,734
                                                Energy Usage (Electricity and Fuel)

                                                Penggunaan Air
                                                                                                                               M3                                   269,606                 162,439                466,284
                                                Water Usage

                                                Total Limbah Dihasilkan
                                                                                                                               Ton                                   1,155.37               1,136.42              1,012.732
                                                Total Waste Generated

                                                Emisi Gas Rumah Kaca
                                                                                                                               TonCO2eq                            22,205.4                   1,077.4                1,382.5
                                                Greenhouse Gas Emissions

                                                Pelestarian Keanekaragaman Hayati (Penanaman Pohon)                            Batang Pohon
                                                                                                                                                                          868                      825                 1,140
                                                Conservation of Biodiversity (Tree Planting)                                   Trees

                                                Pengaduan Lingkungan                                                           Kasus                                      Nihil                  Nihil                  Nihil
                                                Environmental Complaints                                                       Cases                                     None                   None                   None




370
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                                                                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
IKHTISAR KINERJA SOSIAL [OJK B.3]                                                          HIGHLIGHTS OF SOCIAL
                                                                                           PERFORMANCE [OJK B.3]

                                     Keterangan                                                        Satuan
                                                                                                                                 2025                2024            2023
                                     Description                                                        Unit
Jumlah Total Pegawai*                                                                           Orang
                                                                                                                                       5,026             5,134          4,875
Total Employees                                                                                 Person

Jumlah Pegawai Wanita*                                                                          Orang
                                                                                                                                          568             555             502
Total Female Employees                                                                          Person

Jumlah Pegawai Pria*                                                                            Orang
                                                                                                                                       4,458            4,579           4,373
Total Male Employees                                                                            Person

Jumlah Rekrutmen                                                                                Orang
                                                                                                                                          275              631            436
Total Recruitment                                                                               Person




                                                                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Jumlah Karyawan Meninggalkan Perseroan                                                          Orang
                                                                                                                                          224              312             141
Total Resigned Employees                                                                        Person

Turnover Pegawai                                                                                Persen
                                                                                                                                         4.46             2.98            2.94
Employee Turnover                                                                               Percentage

Jumlah Kecelakaan Kerja yang Menyebabkan Kematian                                               Kasus                                                     Nihil          Nihil
                                                                                                                                         Nihil
Work Accidents Leading to Death                                                                 Cases                                                    None           None

Jumlah Pengaduan Pelanggan                                                                      Persen
                                                                                                                                             5              26              19
Customer Complaints                                                                             Percentage

Jumlah Penyaluran Dana TJSL                                                                     Rp Juta                                                                201.54
                                                                                                                                   354.440            352.50
Funding to Finance the TJSL                                                                     Rp Million

Kepuasan Konsumen                                                                               Target 4
                                                                                                                                             4                4           3.97
Customer Satisfaction
Keterangan | Notes:
*Jumlah pegawai yang tercatat di sini merupakan pegawai secara keseluruhan Perseroan saja (pegawai tetap dan pegawai tidak tetap), tidak beserta entitas anak. | *This is the
total employees of the Company only (permanent and non-permanent employees), excluding subsidiaries.




                                                                                                                                                                                 371
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       01

                                                Hubungan Dengan Pemangku Kepentingan
     02
                                                [GRI 2-29]
    03                                          Stakeholders Engagement [GRI 2-29]


      04
                                                UJI TUNTAS                                                   DUE DILIGENCE
     05                                         Perseroan memiliki tujuan agar kegiatan TJSL dapat           The Company has an objective to make TJSL activities
                                                memenuhi kebutuhan pemangku kepentingan yang                 fulfill the needs of stakeholders who are affected by
                                                terdampak aktivitas operasional dari sisi sosial, ekonomi,   operational activities from a social, economic, and
    06                                          dan lingkungan. Hal ini membuat Perseroan senantiasa         environmental perspective. This makes the Company
                                                melakukan pemetaan secara internal terkait kondisi           continue making internal mapping on the community’s
                                                lingkungan masyarakat dari berbagai sisi agar program        conditions from various sides to maximize TJSL program
                                                TJSL berjalan tepat sasaran dan memberikan manfaat           to those who truly deserve it.
                                                maksimal.

                                                Perseroan melakukan uji tuntas ( due diligence )             The Company has internal due diligence activities on
                                                secara internal terhadap kegiatan operasional dan            the operation and assesses its impact on the economy,
                                                dampaknya terhadap ekonomi, lingkungan, maupun               environment, and society based on the materiality level
                                                sosial berdasarkan tingkat materialitas serta dampak         and negative impacts. Priority issues are formulated
                                                negatif yang mungkin timbul. Isu prioritas dirumuskan        and then designed as programs that can ensure the
                                                untuk kemudian dirancang sebagai program yang dapat          stakeholders receive continuous benefits. The due
Laporan Keberlanjutan - Sustainability Report




                                                memastikan keberlanjutan manfaat bagi para pemangku          diligence activities are:
                                                kepentingan. Aktivitas due diligence dari kegiatan TJSL
                                                meliputi:
                                                1. Survei Kepuasan Karyawan;                                 1.   Employee Satisfaction Survey;
                                                2. Survei Pelanggan;                                         2.   Customer Survey;
                                                3. Survei Kepuasan Pemasok;                                  3.   Vendor Performance Evaluation;
                                                4. Focus Group Discussion;                                   4.   Focus Group Discussion;
                                                5. Rencana Kerja dan Anggaran Perseroan (RKAP).              5.   Company’s Work and Budget Plan.

                                                PEMANGKU KEPENTINGAN DAN ISU                                 KEY STAKEHOLDERS AND IMPORTANT
                                                PENTING [OJK E.4]                                            ISSUES [OJK E.4]

                                                Perseroan melibatkan pemangku kepentingan                    The Company actively engages both internal and external
                                                internal dan eksternal dalam menerapkan strategi             stakeholders in implementing operational strategies and
                                                operasional serta menyelaraskan tujuan korporasi             aligning corporate goals to realize sustainable business
                                                dalam mewujudkan bisnis yang berkelanjutan.                  practices. Stakeholder involvement is important to the
                                                Keterlibatan pemangku kepentingan menjadi kunci              Company's sustainability efforts. Maintaining strong
                                                dari keberlanjutan Perusahaan. Hubungan baik, sikap          relationships, fostering mutual respect, and facilitating
                                                saling menghormati, dan komunikasi dua arah dengan           two-way communication with stakeholders are crucial
                                                pemangku kepentingan sangat penting untuk kestabilan         for ensuring operational stability. The Company remains
                                                operasional Perusahaan. Perseroan terbuka terhadap           open to various opportunities for dialogue, welcomes
                                                berbagai kesempatan untuk berdialog, menerima umpan          feedback, and considers stakeholder input in decision-
                                                balik, dan mempertimbangkan masukan pemangku                 making processes.
                                                kepentingan dalam pengambilan keputusan.

                                                Perseroan telah mengidentifikasi tujuh pemangku              Seven main stakeholders have been identified, including
                                                kepentingan utama yang terdiri dari klien, pemegang          clients, shareholders and investors, employees,
                                                saham dan investor, pegawai, pemerintah/regulator,           government/regulators, partners, mass media, and
                                                mitra kerja, media massa, masyarakat. Identifikasi           the public. This identification stems from an analysis
                                                tersebut didapatkan dari analisa pola interaksi dan sifat    of interaction patterns and the nature of involvement
                                                keterlibatan dengan kegiatan bisnis GMF serta mereka         with GMF's business activities, as well as those who
                                                yang memiliki pengaruh signifikan terhadap bisnis GMF        are anticipated to exert significant influence on GMF's
                                                pada tahun 2025.                                             business in 2025.




372
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                                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
Tabel berikut ini menggambarkan interaksi Perseroan                   The following table outlines the Company's interactions
dengan para pemangku kepentingan, yang dipilih                        with stakeholders, selected based on their level
berdasarkan rentang pengaruh dan kepentingannya                       of influence and importance to the Company's
terhadap keberlanjutan Perseroan.                                     sustainability.


 Pemangku Kepentingan               Topik/Harapan terhadap Perseroan                        Metode dan Frekuensi Pelibatan
     Stakeholders                   Topics/Expectation to the Company                     Engagement Methods and Frequencies
                                                                                      •    Pertemuan pelanggan (sesuai kebutuhan)
                                •    Kualitas produk dan layanan yang terjaga              Customer gathering (as required)
                                     dan optimal                                      •    Survei kepuasan pelanggan (minimal setahun
Klien                                Quality of products and services is maintained        sekali)
Clients                              and optimal                                           Customer satisfaction survey (at least once a
                                •    Harga pelayanan yang kompetitif                       year)
                                     Competitive maintenance rate                     •    Mekanisme pengaduan (sesuai kebutuhan)
                                                                                           Complaint mechanism (as required)




                                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                      •    Rapat Umum Pemegang Saham (minimal
                                                                                           setahun sekali)
                                                                                           General Meeting of Shareholders (at least once
                                                                                           a year)
                                •    Kinerja Perseroan
                                                                                      •    Paparan Publik (minimal setahun sekali)
                                     The Company’s performance
                                                                                           Public Expose (at least once a year)
                                •    Perolehan dividen
                                                                                      •    Laporan Tahunan dan Laporan Keberlanjutan
                                     Earnings of dividends
Pemegang Saham dan Investor                                                                (setahun sekali)
                                •    Transparansi laporan kondisi Perseroan
Shareholders and Investors                                                                 Annual Report and Sustainability Report (once
                                     Transparency of the Company's condition
                                                                                           a year)
                                     report
                                                                                      •    Laporan Keuangan (4 kali setahun)
                                •    Inovasi layanan
                                                                                           Financial Statements (4 times a year)
                                     Maintenance services innovation
                                                                                      •    Keterbukaan informasi dalam situs web
                                                                                           Perusahaan (sesuai kebutuhan)
                                                                                           Information disclosure in the Company’s website
                                                                                           (as required)

                                •    Kesejahteraan
                                     Welfare                                          •    Pendidikan dan pelatihan (sesuai kebutuhan)
                                •    Kesetaraan dan keadilan dalam penilaian               Education and training (as required)
                                     kinerja, pengembangan kompetensi, jenjang        •    Reviu Kinerja (tahunan)
Pegawai                              karir dan remunerasi                                  Performance review (annually)
Employees                            Equality and fairness in performance             •    Perlakuan yang adil dan setara dalam
                                     appraisal, competency development, career             pengembangan karir dan remunerasi
                                     path and remuneration                                 Fair and equal treatment in career development
                                •    Tempat kerja yang sehat, aman dan nyaman              and remuneration
                                     A healthy, safe and comfortable workplace

                                •    Terjalinnya hubungan yang harmonis dan
                                     konstruktif dengan regulator
                                                                                      •    Laporan berkala dan insidentil yang disampaikan
                                     Establishing a harmonious and constructive
                                                                                           tepat waktu (sesuai kebutuhan)
                                     relationship with regulators
Pemerintah/Regulator                                                                       Regular and incidental report submitted on time
                                •    Pemenuhan ijin usaha
Government/Regulator                                                                       (as required)
                                     Fulfillment of business license
                                                                                      •    Rapat konsultasi (sesuai kebutuhan)
                                •    Kepatuhan terhadap peraturan perundang-
                                                                                           Meeting consultation (as required)
                                     undangan
                                     Compliance to prevailing regulations

                                                                                      •    Tender pengadaan (sesuai kebutuhan)
                                                                                           Procurement tender (as required)
                                                                                      •    Evaluasi pemasok (sekali setahun)
Mitra Bisnis (Pemasok)          Proses tender dan seleksi.                                 Supplier evaluation (once a year)
Business Partners (Suppliers)   Tender and selection process.                         •    Pertemuan (sesuai kebutuhan)
                                                                                           Gathering (as required)
                                                                                      •    Perjanjian kerja sama (sesuai kebutuhan)
                                                                                           Work agreement (as required)

                                                                                      Keterbukaan informasi dalam website Perseroan
Media Massa                     Pembaruan informasi tepat waktu.                      (sesuai kebutuhan)
Mass Media                      Timely information update.                            Information disclosure on the Company’s website
                                                                                      (as required)




                                                                                                                                             373
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       01

                                                  Pemangku Kepentingan           Topik/Harapan terhadap Perseroan                  Metode dan Frekuensi Pelibatan
     02                                               Stakeholders               Topics/Expectation to the Company               Engagement Methods and Frequencies
                                                                             •    Terjalinnya hubungan yang harmonis dengan
                                                                                  masyarakat sekitar menara Perusahaan
                                                                                  Establishing a harmonious relationship with
    03                                                                            the community around the Company’s towers
                                                                                                                                Pelibatan masyarakat dalam perencanaan dan
                                                                             •    Meminimalisir dampak operasional
                                                                                                                                pelaksanaan kegiatan tanggung jawab sosial
                                                                                  Perusahaan terhadap lingkungan
                                                Masyarakat                                                                      perusahaan (sesuai kebutuhan).
      04                                                                          Minimizing the impact of the Company’s
                                                Community                                                                       Community involvement in planning and
                                                                                  operations to the environment
                                                                                                                                implementing corporate social responsibility
                                                                             •    Berkontribusi terhadap kehidupan ekonomi,
                                                                                                                                activities (as required).
                                                                                  sosial dan lingkungan masyarakat sekitar
     05                                                                           Contributing to the economic, social and
                                                                                  environmental life of the surrounding
                                                                                  communities

    06



                                                Menanamkan Budaya Keberlanjutan Secara
                                                Berkesinambungan [GRI 2-24] [OJK F.1]
                                                Embedding the Sustainability Culture Continously [GRI 2-24] [OJK F.1]
Laporan Keberlanjutan - Sustainability Report




                                                GMF memiliki sejumlah budaya korporasi untuk                     GMF upholds several corporate cultures to enhance the
                                                membantu menjalankan bisnis Perseroan dengan                     Company's operation to be better. This ensures that
                                                lebih baik. Hal ini penting untuk memastikan aktivitas           operational activities align with strong corporate values,
                                                operasional Perseroan berjalan sesuai dengan nilai               facilitating the achievement of business objectives
                                                korporasi yang baik untuk memastikan pencapaian                  beneficial to shareholders and stakeholders.
                                                tujuan usaha yang bermanfaat bagi pemegang saham
                                                dan seluruh pemangku kepentingan.

                                                Budaya korporasi yang berlaku di GMF adalah:                     The corporate cultures at GMF are:
                                                1. Visi dan Misi Usaha                                           1. Business Vision and Mission
                                                2. Nilai Perusahaan AKHLAK                                       2. AKHLAK Corporate Values
                                                3. GMF Spirit                                                    3. GMF Spirit
                                                4. Respectful Workplace Policy                                   4. Respectful Workplace Policy

                                                Budaya korporasi tersebut telah menjadi satu kesatuan            These corporate cultures are integrated into the
                                                dan saat ini telah digunakan Perseroan untuk menjadi             Company's practices to foster a sustainable culture that
                                                budaya keberlanjutan yang membantuk praktik bisnis               governs daily business operations. It is the responsibility
                                                sehari-hari. Menjadi tanggung jawab seluruh pegawai              of all employees to embody these corporate cultures in
                                                untuk mengamalkan setiap budaya korporasi sebagai                their daily practices. Each statement of corporate culture
                                                budaya keberlanjutan dalam praktik bisnis sehari-hari.           serves as a fundamental principle guiding interactions
                                                Setiap pernyataan dari budaya korporasi telah menjadi            among employees and partners, forming the foundation
                                                prinsip dasar dalam berinteraksi baik antar sesama               for workplace behavior.
                                                karyawan maupun terhadap mitra kerja serta menjadi
                                                landasan dalam berperilaku di tempat kerja.

                                                Budaya korporasi GMF telah diinformasikan kepada                 GMF's corporate culture is communicated to and
                                                seluruh pegawai dan berlaku bagi seluruh Insan GMF               applicable for all employees, including members of
                                                termasuk anggota Dewan Komisaris dan Direksi, serta              the Board of Commissioners and Directors, and their
                                                para organ pendukungnya. Upaya penanaman budaya                  supporting organs. Continuous efforts are made to
                                                korporasi dan internalisasi yang lebih intensif terus            reinforce and internalize corporate culture through
                                                dilakukan melalui berbagai saluran media internal GMF            various internal media channels of GMF, including a
                                                mencakup intranet khusus untuk pegawai, email blast,             dedicated intranet for employees, email communication,
                                                serta spanduk.                                                   and banners.




374
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                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                 Kendala, Tantangan, dan Peluang [OJK E.5]
                                          Obstacles, Challenges, and Opportunities [OJK E.5]




Secara keseluruhan, upaya keberlanjutan Perseroan             Overall, the Company’s sustainability endeavors are
sangat erat kaitannya dengan kondisi eksternal yang           closely linked to external conditions shaping the industry.
mempengaruhi industri. Saat ini, industri menghadapi          Currently, the industry is facing labor shortages and
tantangan yaitu kekurangan tenaga kerja serta gangguan        supply chain disruptions, which have led to rising costs
rantai pasok, yang berdampak pada peningkatan biaya           and inflation.




                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
dan tekanan inflasi.

Kekurangan tenaga kerja menjadi perhatian yang                Labor shortages have become a growing concern as the
semakin besar seiring dengan tantangan industri               industry struggles with an aging workforce and a lack
yang dihadapkan pada tenaga kerja yang menua                  of skilled technicians, resulting in a knowledge gap that
serta keterbatasan jumlah teknisi terampil. Kondisi           is difficult to fill with new recruits. Aircraft maintenance
ini menimbulkan kesenjangan pengetahuan yang                  relies on a steady flow of components and the industry
sulit untuk segera diisi oleh tenaga kerja baru.              has experienced supply chain challenges, one of which
Kegiatan perawatan pesawat sangat bergantung pada             has been driven by geopolitical instability. These two
ketersediaan komponen secara berkelanjutan, namun             factors have contributed to rising costs and increased
industri mengalami berbagai tantangan rantai pasok,           challenges in the MRO industry.
salah satunya akibat ketidakstabilan geopolitik. Kedua
faktor tersebut turut mendorong peningkatan biaya dan
memperberat tantangan yang dihadapi industri MRO.

Selain itu, perhatian global terhadap isu lingkungan dan      In addition, global awareness and regulatory scrutiny
keberlanjutan juga semakin meningkat, disertai dengan         regarding environmental and sustainability issues
regulasi yang semakin ketat. Perseroan harus mematuhi         are becoming increasingly stringent. The Company
perkembangan peraturan lingkungan yang menuntut               must comply with evolving environmental regulations
pengurangan emisi, peningkatan pengelolaan limbah,            that require reduced emissions, improved waste
serta penggunaan material ramah lingkungan dalam              management, and the use of eco-friendly materials in
proses pemeliharaan. Hal ini tidak hanya menimbulkan          maintenance processes. This situation leads not only
tantangan internal, tetapi juga berdampak pada                to internal challenges, but also affects our relationships
hubungan Perseroan dengan seluruh mitra dalam rantai          with supply chain partners, as all parties strive to
pasok, seiring dengan upaya bersama untuk bertransisi         transition toward greener operations.
menuju operasional yang lebih hijau.

Perseroan menyadari bahwa keberlanjutan juga                  We recognize that sustainability also presents significant
menghadirkan peluang yang signifikan dan berkomitmen          opportunities, and we are committed to complying with
untuk senantiasa mematuhi regulasi yang berlaku serta         current regulations and industry best practices. As we
praktik terbaik di industri. Setelah pulih dari dari krisis   rebound from industry-wide crises and achieve strong
industri dan pencapaian kinerja keuangan yang solid           financial performance with consistent profitability
dengan laba yang konsisten selama tiga tahun terakhir,        over the past three years, we are ready to deliver more
Perseroan siap memberikan dampak positif yang lebih           positive impacts to the industry and the communities
besar bagi industri dan masyarakat.                           we serve.




                                                                                                                             375
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       01

                                                Komitmen Penanganan Risiko Atas Penerapan
     02
                                                Keberlanjutan [OJK E.3]
    03                                          Risk Management Commitment on Sustainability Implementation [OJK E.3]


      04
                                                Pada tahun 2025, GMF menilai risiko dan peluang terkait            In 2025, GMF assessed climate-related risks and
                                                iklim berdasarkan sejumlah kerangka kerja. Selain POJK             opportunities based on various frameworks. In addition
     05                                         dan GRI, GMF juga merujuk pada Task Force on Climate-              to POJK and GRI, GMF also refers to the Task Force
                                                related Financial Disclosures (TCFD) sebagai upaya                 on Climate-related Financial Disclosures (TCFD) as
                                                menerapkan praktik terbaik yang berlaku saat ini di                our effort in applying best industry’s practice. These
    06                                          industri. Kerangka kerja ini memiliki fokus yang sama,             frameworks share common focus areas, namely
                                                yaitu Tata Kelola, Strategi, Manajemen Risiko, dan Metrik          Governance, Strategy, Risk Management, and Metrics
                                                & Target, dalam menangani dampak iklim yang mungkin                & Targets, in addressing climate-related information that
                                                berdampak terhadap Perseroan.                                      may affect the Company.

                                                TATA KELOLA                                                        GOVERNANCE

                                                Perseroan menjalankan proses manajemen risiko                      The Company conducts internal risk management
                                                internal untuk mengidentifikasi risiko dan peluang                 processes to identify sustainability-related risks and
                                                terkait keberlanjutan, termasuk yang berkaitan                     opportunities, including those related to climate change.
                                                dengan perubahan iklim. Direksi dan Dewan Komisaris                The Board of Directors and Board of Commisisoners are
                                                terlibat dalam proses ini dengan mengambil keputusan               involved in this process by making decisions based on
Laporan Keberlanjutan - Sustainability Report




                                                berdasarkan laporan yang dihasilkan melalui koordinasi             reports generated through internal coordination among
                                                internal antar departemen.                                         departments.

                                                Dewan Komisaris memiliki peran dan tanggung jawab                  The Board of Commissioners has the following roles
                                                sebagai berikut:                                                   and responsibilities:
                                                1. Melakukan evaluasi dan persetujuan kebijakan serta              1. To evaluate and approve risk management policies
                                                   strategi manajemen risiko;                                         and strategies;
                                                2. M e l a k u k a n e v a l u a s i t e r h a d a p p r o s e s   2. To evaluate the accountability process of the Board
                                                   pertanggungjawaban Direksi atas pelaksanaan                        of Directors in implementing risk management
                                                   kebijakan dan strategi manajemen Risiko;                           policies and strategies;
                                                3. Melaksanakan pengawasan dan pemberian nasihat                   3. To supervise and provide advice on the implementation
                                                   terhadap pelaksanaan Fungsi Manajemen Risiko sesuai                of the Risk Management Function in accordance
                                                   dengan ketentuan peraturan perundang-undangan,                     with applicable laws and regulations, the articles of
                                                   anggaran dasar, dan/atau keputusan RUPS/Menteri.                   association, and/or resolutions of the GMS/Minister.

                                                Direksi memiliki peran dan tanggung jawab sebagai                  The Board of Directors has the following roles and
                                                berikut:                                                           responsibilities:
                                                1. Memastikan bahwa Fungsi Manajemen Risiko telah                  1. To ensure that the Risk Management Function
                                                    beroperasi secara independen;                                     operates independently;
                                                2. Menyusun dan mengusulkan kebijakan serta strategi               2. To develop and propose comprehensive risk
                                                    manajemen risiko secara komprehensif kepada                       management policies and strategies to the Board
                                                    Dewan Komisaris;                                                  of Commissioners;
                                                3. Melaksanakan kebijakan manajemen risiko;                        3. To implement risk management policies;
                                                4. Mengembangkan budaya manajemen risiko pada                      4. To foster a risk management culture at all levels of
                                                    seluruh jenjang organisasi;                                       the organization;
                                                5. Melaksanakan peningkatan kompetensi sumber daya                 5. To enhance the competencies of human resources
                                                    manusia yang terkait dengan manajemen risiko;                     related to risk management;
                                                6. Melaksanakan kaji ulang secara berkala untuk                    6. To conduct periodic reviews to ensure the accuracy
                                                    memastikan keakuratan metodologi penilaian risiko,                of risk assessment methodologies, the adequacy of
                                                    kecukupan implementasi sistem informasi manajemen                 risk management information system implementation,
                                                    risiko, ketepatan kebijakan dan prosedur manajemen                and the appropriateness of risk management policies
                                                    risiko (risk limit) dan ambang batas (threshold);                 and procedures (risk limits) and thresholds;
                                                7. Melaksanakan Fungsi Manajemen Risiko lainnya                    7. To carry out other Risk Management Functions in
                                                    sesuai dengan peraturan perundang-undangan,                       accordance with applicable laws and regulations,
                                                    anggaran dasar, dan/atau keputusan RUPS/Menteri.                  the articles of association, and/or resolutions of the
                                                                                                                      GMS/Minister.
376
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
STRATEGI [GRI 201-2]                                         Strategy [GRI 201-2]

Sebagai perusahaan yang bergerak di bidang                   As a company engaged in the Maintenance, Repair,
Maintenance, Repair, and Overhaul (MRO), GMF                 and Overhaul (MRO) sector, GMF recognizes that
menyadari bahwa keberhasilan jangka panjang tidak            long-term success depends not only on operational
hanya bergantung pada kinerja operasional, tetapi            performance, but also on the ability to manage
juga pada kemampuan dalam mengelola risiko yang              sustainability-related risks comprehensively covering
berkaitan dengan keberlanjutan secara menyeluruh,            economic, environmental, and social aspects. Within
mencakup aspek ekonomi, lingkungan, dan sosial.              its sustainability risk management framework, GMF
Dalam kerangka manajemen risiko keberlanjutan, GMF           adopts an integrated approach through the stages of
menerapkan pendekatan terintegrasi melalui tahapan           risk identification, measurement, monitoring, and control.
identifikasi, pengukuran, pemantauan, dan pengendalian       This process forms an integral part of the Company’s
risiko. Proses ini menjadi bagian dari strategi Perusahaan   strategy and supports its commitment to flight safety,
dan mendukung komitmen terhadap keselamatan                  resource efficiency, and social and environmental




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
penerbangan, efisiensi sumber daya, serta tanggung           responsibility.
jawab sosial dan lingkungan.

Pada tahap identifikasi, GMF memetakan risiko yang           In the identification stage, GMF maps out risks arising
muncul dari kegiatan operasional MRO, kemudian diukur        from MRO operations, which are then assessed both
secara kuantitatif dan kualitatif untuk menilai tingkat      quantitatively and qualitatively to determine their
dampaknya terhadap keberlangsungan usaha. GMF                impact on business continuity. GMF utilizes an ESG risk
menggunakan pendekatan matriks risiko ESG serta              matrix approach along with aviation industry-specific
indikator khusus industri aviasi seperti emisi karbon        indicators such as carbon emissions from electricity and
karena penggunaan listrik dan BBM, tingkat insiden           fuel consumption, workplace safety incident rates, and
keselamatan kerja, dan kepatuhan terhadap regulasi           compliance with aviation authority regulations (DGCA,
otoritas penerbangan (DGCA, EASA, FAA, dll).                 EASA, FAA, etc.).

Sebagai bentuk pengendalian risiko, GMF melakukan            As part of its risk control efforts, GMF undertakes various
berbagai upaya strategis seperti pengurangan emisi           strategic initiatives such as reducing carbon emissions,
karbon, efisiensi penggunaan air dan listrik, pengelolaan    optimizing water and electricity usage, managing
limbah yang sesuai regulasi, serta peningkatan kapasitas     waste in accordance with regulations, and enhancing
teknisi melalui pelatihan keberlanjutan dan digitalisasi.    technician capabilities through sustainability training
Melalui manajemen risiko keberlanjutan yang terstruktur,     and digitalization. Through its structured sustainability
GMF berkomitmen untuk memperkuat ketahanan                   risk management, GMF is committed to strengthening
bisnis, mendukung keselamatan penerbangan, dan               business resilience, supporting flight safety, and
menciptakan nilai tambah jangka panjang bagi seluruh         creating long-term value for all stakeholders, including
pemangku kepentingan, termasuk pelanggan, pemasok,           customers, suppliers, regulators, employees, and the
regulator, karyawan, dan masyarakat luas.                    wider community.

Tabel berikut menyajikan risiko fisik dan transisi serta     The following table presents the identified climate-
peluang terkait iklim yang telah diidentifikasi, potensi     related physical and transition risks and climate-related
dampaknya terhadap bisnis GMF, serta tindakan yang           opportunities, their potential impacts on GMF’s business,
diambil untuk memitigasi risiko dan memanfaatkan             as well as the actions taken to mitigate risks and utilize
peluang yang ada.                                            existing opportunities.




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       01

                                                MANAJEMEN RISIKO FISIK TERKAIT                                        CLIMATE-RELATED PHYSICAL RISKS
     02                                         PERUBAHAN IKLIM                                                       MANAGEMENT SYSTEM

                                                                                                                                             Melakukan identifikasi potensi bahaya
    03                                                                                                                                       melalui Prosedur Hazard identification,
                                                                                                                                             Risk Assessment & Determining Control
                                                          Bencana alam seperti banjir dapat mengakibatkan kerusakan pada fasilitas
                                                                                                                                             (HIRADC), serta menyediakan Prosedur
                                                          operasional sehingga memengaruhi kelancaran operasi dan reputasi
                                                                                                                                             Level 2, yaitu Manual Emergency Response
                                                          Perseroan.
      04                                                                                                                                     Plan (ERP) terkait dengan bencana Banjir,
                                                                                                                                             dengan pelaksanaan drill minimal 1x dalam
                                                          Dampak finansial: Sedang, dalam hal kerugian finansial akibat kerusakan
                                                                                                                                             setahun baik dalam bentuk on desk maupun
                                                          aset dan fasilitas operasional, peningkatan biaya perbaikan infrastruktur,
                                                                                                                                             on site untuk memastikan kondisi bencana
                                                          serta potensi gangguan pendapatan akibat terhentinya layanan MRO.
     05                                                                                                                                      alam seperti banjir dapat dimitigasi dengan
                                                                                                                                             cepat dan tepat sehingga tidak berpengaruh
                                                          Jangka waktu dan rantai nilai: berdampak di operasional Perseroan sendiri
                                                                                                                                             signifikan terhadap operasional dan proses
                                                          dalam jangka pendek.
                                                Banjir                                                                                       bisnis Perusahaan.
                                                          Inggrisnya
    06                                          Flood                                                                                        The Company conducts hazard identification
                                                                                                                                             through the Hazard Identification, Risk
                                                          Natural disasters such as floods may cause damage to operational facilities,
                                                                                                                                             Assessment & Determining Control (HIRADC)
                                                          thereby affecting the continuity of operations and the Company’s reputation.
                                                                                                                                             Procedure. It also provides a Level 2
                                                                                                                                             Procedure, namely the Emergency Response
                                                          Financial impact: Moderate, in terms of financial losses arising from damage
                                                                                                                                             Plan (ERP) Manual related to natural disasters,
                                                          to assets and operational facilities, increased infrastructure repair costs, and
                                                                                                                                             with drills conducted at least once a year,
                                                          potential revenue disruption due to interruptions in MRO services.
                                                                                                                                             both on desk and on-site, to ensure that
                                                                                                                                             natural disaster conditions, such as floods,
                                                          Time horizon and value chain: Impacts the Company’s own operations in
                                                                                                                                             can be mitigated promptly and effectively,
                                                          the short term.
                                                                                                                                             thereby minimizing any significant impact
                                                                                                                                             on the Company’s operations and business
                                                                                                                                             processes.

                                                                                                                                             Melakukan identifikasi potensi bahaya
                                                                                                                                             melalui Prosedur Hazard identification, Risk
Laporan Keberlanjutan - Sustainability Report




                                                                                                                                             Assessment & Determining Control 9HIRADC)
                                                                                                                                             serta menyediakan Prosedur Level 2, yaitu
                                                                                                                                             Manual Emergency Response Plan (ERP)
                                                                                                                                             terkait dengan bencanaCuaca Eksterm /
                                                                                                                                             Hurricane, dengan pelaksanaan drill minimal
                                                          Curah hujan yang tinggi, diiringi badai dan angin kencang dapat                    1x dalam setahun baik dalam bentuk on desk
                                                          mengakibatkan kerusakan pada fasilitas operasional dan memengaruhi                 maupun on site untuk memastikan kondisi
                                                          kesehatan para pegawai sehingga berdampak pada kelancaran operasi                  bencana alam seperti Cuaca Ekstrem /
                                                          dan reputasi Perseroan.                                                            Hurricane dapat dimitigasi dengan cepat dan
                                                                                                                                             tepat sehingga tidak berpengaruh signifikan
                                                          Dampak finansial: Sedang , dalam hal kerugian finansial akibat kerusakan           terhadap operasional dan proses bisnis
                                                          fasilitas, peningkatan biaya perbaikan aset, serta penurunan produktivitas         Perusahaan. Selain itu, dilakukan Preventive
                                                          akibat gangguan operasional dan risiko keselamatan tenaga kerja                    Maintenance Inspection (PMI) untuk seluruh
                                                                                                                                             fasilitas seperti atap, elektrikal, Gedung/
                                                Cuaca
                                                          Jangka waktu dan rantai nilai: berdampak di operasional Perseroan sendiri          bangunan, pemipaan, dan lain-lain.
                                                Ekstrem
                                                          dalam jangka pendek.                                                               The Company conducts hazard identification
                                                Extrem
                                                          High rainfall, accompanied by storms and strong winds, may cause damage            through the Hazard Identification, Risk
                                                Weather
                                                          to operational facilities and affect employee health, thereby impacting            Assessment & Determining Control (HIRADC)
                                                          operational continuity and the Company’s reputation.                               Procedure. It also provides a Level 2
                                                                                                                                             Procedure, namely the Emergency Response
                                                          Financial impact: Moderate, in terms of financial losses resulting from            Plan (ERP) Manual related to natural disasters
                                                          damage to facilities, increased asset repair costs, as well as reduced             such as extreme weather (storms), with
                                                          productivity due to operational disruptions and workforce safety risks.            drills conducted at least once a year, both
                                                                                                                                             on-desk and on-site, to ensure that natural
                                                          Time horizon and value chain: Impacts the Company’s own operations in              disaster conditions such as extreme weather
                                                          the short term.                                                                    (storms) can be mitigated promptly and
                                                                                                                                             effectively, thereby minimizing any significant
                                                                                                                                             impact on the Company’s operations and
                                                                                                                                             business processes. In addition, Preventive
                                                                                                                                             Maintenance Inspections (PMI) are carried
                                                                                                                                             out for all facilities, including roofs, electrical
                                                                                                                                             systems, buildings/structures, pipelines, and
                                                                                                                                             others.




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                                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
MANAJEMEN RISIKO TRANSISI                                               CLIMATE-RELATED TRANSITION RISKS
TERKAIT PERUBAHAN IKLIM                                                 MANAGEMENT SYSTEM

Risiko Transisi             Dampak terhadap Perseroan                                             Langkah Mitigasi
Transition Risks              Impacts on the Company                                             Mitigation Measures
                                                                               Melakukan review secara berkala (minimal 1 kali dalam
                                                                               setahun) atau jika terdapat perubahan / Prosedur
                                                                               Management of Change terkait dengan peraturan
                   Perubahan regulasi terkait industri penerbangan dan         perundangan atau peraturan terkait lainnya. Serta melakukan
                   MRO berdampak pada keberlangsungan Perseroan.               evaluasi dan penyesuaian regulasi nasional, internasional
                                                                               maupun penerbangan serta sertifikasi (DKPPU, CASR,
                   Dampak finansial: Tinggi                                    EASA, FAA, Kementerian, ISO dsb); Memastikan kesesuaian
                                                                               prosedur operasional; mengikutsertakan key person dalam
                   Jangka waktu dan rantai nilai: berdampak di                 pelatihan dan sertifikasi regulasi terkini; menjalin komunikasi
                   operasional Perseroan dan rantai nilai dalam jangka         aktif dengan otoritas penerbangan; serta mengalokasikan
Regulasi           pendek dan panjang.                                         anggaran kepatuhan regulasi dalam perencanaan tahunan.




                                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Regulation         Changes in regulations related to the aviation and MRO      The Company conducts periodic reviews (at least once
                   industry may impact the Company’s sustainability.           a year) or whenever there are changes through the
                                                                               Management of Change Procedure related to laws and
                   Financial impact: High                                      regulations or other relevant policies. It also evaluates and
                                                                               aligns with national, international, and aviation regulations
                   Time horizon and value chain: Impacts the Company’s         and certifications (e.g., DKPPU, CASR, EASA, FAA, Ministries,
                   operations and value chain in both the short and long       ISO, etc.). The Company ensures that operational procedures
                   term.                                                       remain compliant, involves key personnel in up-to-date
                                                                               regulatory training and certification, maintains active
                                                                               communication with aviation authorities, and allocates a
                                                                               regulatory compliance budget within its annual planning.

                   Peningkatan harga energi berdampak pada biaya
                   operasional Perseroan bila tidak dikelola secara efisien.   Melakukan kajian atas peluang penggunaan enrgi terbarukan
                                                                               dengan penerapan Solar Cell / Panel di atap area gedung
                   Dampak finansial: Tinggi                                    Maintenance Support Facility (MSF) dan Ground Support
                                                                               Equipment (GSE) dengan energi yang dihasilkan sebesar
                   Jangka waktu dan rantai nilai: berdampak di                 1.235.831 kWh dan melakukan upaya efisiensi energi bulanan
                   operasional Perseroan dan rantai nilai dalam jangka         maupun tahunan sebagai target program korporasi.
Harga Energi
                   panjang.                                                    The Company assess the opportunities to utilize renewable
Energy Price
                   Rising energy prices may impact the Company’s               energy, including the implementation of solar cells/panels
                   operational costs if not managed efficiently.               on the rooftops of the Maintenance Support Facility (MSF)
                                                                               and Ground Support Equipment (GSE) areas, generating
                   Financial impact: High                                      1,235,831 kWh of energy. In addition, the Company
                                                                               implements monthly and annual energy efficiency initiatives
                   Time horizon and value chain: Impacts the Company’s         as part of its corporate program targets.
                   operations and value chain in the long term.

                                                                               Menyusun laporan emisi GRK (Gas Rumah Kaca) secara
                                                                               berkala; menetapkan target pengurangan emisi karbon
                                                                               yang terukur dan sejalan dengan Garuda Indonesia
                                                                               Group; melakukan optimalisasi penggunaan energi melalui
                   Kurangnya perhatian terhadap emisi berdampak pada           pengaturan konsumsi listrik dan pemadaman listrik pada
                   reputasi Perseroan terkait keberlanjutan.                   fasilitas secara berkala; berpartisipasi aktif dalam kampanye
                                                                               Earth Hour sebagai bentuk komitmen penghematan energi;
                   Dampak finansial: Sedang                                    mengadopsi penggunaan kendaraan operasional rendah
                                                                               emisi seperti kendaraan listrik; serta mengungkapkan kinerja
                   Jangka waktu dan rantai nilai: berdampak di                 emisi dalam laporan keberlanjutan sesuai standar Global
                   operasional Perseroan dan rantai nilai dalam jangka         Reporting Initiative (GRI)
Emisi
                   panjang.                                                    The Company prepares periodic greenhouse gas (GHG)
Emission
                   A lack of attention to emissions may affect the             emissions reports and sets measurable carbon emission
                   Company’s reputation in terms of sustainability.            reduction targets aligned with the Garuda Indonesia Group.
                                                                               It also optimizes energy use through electricity consumption
                   Financial impact: Moderate                                  management and scheduled power shutdowns across
                                                                               facilities, while actively participating in the Earth Hour
                   Time horizon and value chain: Impacts the Company’s         campaign as a demonstration of its commitment to energy
                   operations and value chain in the long term.                conservation. In addition, the Company has invested in low-
                                                                               emission operational vehicles, such as electric vehicles. The
                                                                               Company also discloses its emissions performance in its
                                                                               sustainability report in accordance with Global Reporting
                                                                               Initiative (GRI) standards.




                                                                                                                                                 379
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       01

                                                Risiko Transisi              Dampak terhadap Perseroan                                       Langkah Mitigasi
     02                                         Transition Risks               Impacts on the Company                                       Mitigation Measures
                                                                    Dinamika pasar yang dipengaruhi oleh berbagai
                                                                    aspek terkait keberlanjutan, berpengaruh terhadap
                                                                    keberlangsungan bisnis Perseroan.
    03
                                                                    Dampak finansial: Sedang
                                                                                                                            Mengembangkan kapabilitas layanan MRO yang berorientasi
      04                                                            Jangka waktu dan rantai nilai: berdampak di
                                                                                                                            pada keberlanjutan, termasuk perawatan pesawat generasi
                                                                    operasional Perseroan dan rantai nilai dalam jangka
                                                Preferensi Pasar                                                            mendatang.
                                                                    panjang.
                                                Market Preference                                                           The Company develops its capabilities on sustainability-
                                                                    Market dynamics influenced by various sustainability-
                                                                                                                            oriented MRO service, including maintenance for next-
     05                                                             related factors may affect the Company’s business
                                                                                                                            generation aircraft.
                                                                    continuity.

                                                                    Financial impact: Moderate
    06
                                                                    Time horizon and value chain: Impacts the Company’s
                                                                    operations and value chain in the long term

                                                                                                                     UTILIZATION OF CLIMATE-RELATED
                                                PEMANFAATAN PELUANG TERKAIT                                          OPPORTUNITIES
                                                PERUBAHAN IKLIM

                                                  Peluang                         Dampak terhadap Perseroan                                    Langkah Pemanfaatan
                                                Opportunities                       Impacts on the Company                                Measures to Capture Opportunities
                                                                                                                                         teknis dan infrastruktur pendukung untuk
                                                                                                                                         perawatan pesawat berbahan bakar yang
                                                                                                                                         Sustainable dan teknologi rendah emisi;
Laporan Keberlanjutan - Sustainability Report




                                                                  Permintaan pasar akan penggunaan avtur yang lebih ramah lingkungan
                                                                                                                                         menjalin kemitraan dengan produsen mesin
                                                                  berdampak pada peningkatan permintaan MRO jika Perseroan memiliki
                                                                                                                                         dan airframe, dalam program perawatan
                                                                  kapabilitas untuk melakukan perawatan yang sesuai dengan tren pasar.
                                                                                                                                         pesawat berbahan bakar alternatif; mengikuti
                                                Pemanfaatan                                                                              perkembangan regulasi dan standar teknis
                                                                  Dampak finansial: Tinggi
                                                Bahan Bakar                                                                              internasional; serta mengintegrasikan
                                                Pesawat                                                                                  kapabilitas ini ke dalam portofolio layanan
                                                                  Jangka waktu dan rantai nilai: berdampak di operasional Perseroan
                                                Ramah                                                                                    MRO Perseroan.
                                                                  dan rantai nilai dalam jangka panjang.
                                                Lingkungan                                                                               The Company develops technical capabilities
                                                                  Market demand for more environmentally friendly aviation fuel may
                                                Utilization of                                                                           and supporting infrastructure for the
                                                                  drive increased demand for MRO services if the Company possesses
                                                Environmentally                                                                          maintenance of aircraft using sustainable
                                                                  capabilities aligned with these market trends.
                                                Friendly                                                                                 fuels and low-emission technologies, while
                                                Aircraft Fuel                                                                            also establishing partnerships with engine
                                                                  Financial impact: High
                                                                                                                                         and airframe manufacturers in alternative-fuel
                                                                                                                                         aircraft maintenance programs. In addition,
                                                                  Time horizon and value chain: Impacts the Company’s operations and
                                                                                                                                         the Company follows every update regarding
                                                                  value chain in the long term.
                                                                                                                                         international regulatory and technical
                                                                                                                                         standards developments and integrates these
                                                                                                                                         capabilities into its MRO service portfolio.

                                                                                                                                         Memanfaatkan teknologi untuk memantau
                                                                                                                                         kondisi lingkungan dan performa aset
                                                                                                                                         di area operasional secara real-time,
                                                                  Perkembangan teknologi berdampak pada kelancaran operasional dan       ser ta mengimplementasikan sistem
                                                                  keberlangsungan usaha Perseroan.                                       berbasis kecerdasan buatan untuk
                                                                                                                                         meningkatkan efisiensi. Perseroan juga
                                                                  Dampak finansial: Tinggi                                               terus mengembangkan kapabilitas Sumber
                                                                                                                                         Daya Manusia dalam penguasaan teknologi
                                                                  Jangka waktu dan rantai nilai: berdampak di operasional Perseroan      dan digital dan menjalin kolaborasi dengan
                                                Perkembangan      dalam jangka panjang.                                                  lembaga riset dan institusi pendidikan dalam
                                                Teknologi         inggrisnya:                                                            pengembangan inovasi teknologi MRO
                                                Technological                                                                            berkelanjutan.
                                                Development       Technological advancements may affect the Company’s operational        The Company leverages technology to
                                                                  continuity and business sustainability.                                monitor environmental conditions and asset
                                                                                                                                         performance in operational areas in real
                                                                  Financial impact: High                                                 time, and implements artificial intelligence
                                                                                                                                         systems to be more efficient. The Company
                                                                  Time horizon and value chain: Impacts the Company’s operations in      also continuously develops human capital
                                                                  the long term.                                                         capabilities in technology and digital expertise,
                                                                                                                                         while collaborates with research institutions
                                                                                                                                         and educational organizations to advance
                                                                                                                                         sustainable MRO technology innovation.




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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
MANAJEMEN RISIKO: RENCANA                                   RISK MANAGEMENT: TRANSITION
TRANSISI, METRIK & TARGET                                   PLAN, METRICS & TARGETS

Rencana transisi merupakan bagian tidak terpisahkan         The transition plan forms an integral part of the
dari strategi bisnis Perseroan yang juga dirancang untuk    Company’s overall business strategy and is designed
mendukung transisi bertahap menuju ekonomi rendah           to support the gradual transition toward a low-carbon
karbon. Melalui pendekatan ini, Perseroan berupaya          economy. Through this approach, the Company
menyeimbangkan pertumbuhan finansial dengan                 seeks to balance financial growth with environmental
tanggung jawab lingkungan.                                  responsibility.

Berdasarkan identifikasi dan penilaian risiko dan peluang   Based on the identification and assessment of climate-
terkait iklim, Perseroan bertujuan untuk secara proaktif    related risks and opportunities, the Company aims to
memanfaatkan potensi nilai dengan mendorong inovasi         proactively capture potential value by encouraging
dalam pelayanan, adopsi teknologi, dan penggunaan           innovation in services, technology adoption, and the use




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
peralatan yang tangguh. Pada saat yang sama, inovasi        of equipment that is resilient. At the same time, these
ini dikembangkan dengan penekanan kuat pada                 innovations are developed with a strong emphasis on
keberlanjutan lingkungan, termasuk peningkatan              environmental sustainability, including improved energy
efisiensi energi, pengurangan konsumsi sumber daya,         efficiency, reduced resource consumption, and lower
dan emisi karbon yang lebih rendah di seluruh aktivitas     carbon emissions across operational activities.
operasional.

Meskipun demikian, Perseroan saat ini tidak                 Nevertheless, the Company does not currently deem
menganggap perlu untuk melakukan perubahan                  it necessary to undertake significant or immediate
signifikan atau sesegera mungkin pada model bisnis          changes to its core business model. Climate-related
intinya. Manajemen risiko terkait iklim telah tertanam      risk management has been embedded into operational
dalam proses operasional, memungkinkan Perseroan            processes, allowing the Company to address potential
untuk mengatasi potensi dampak. Direksi secara teratur      impacts. The Board of Directors regularly reviews
meninjau informasi terkait iklim dan mengintegrasikannya    climate-related information and integrates the
ke dalam pengambilan keputusan strategis secara             information into strategic decision-making on a periodic
berkala, termasuk evaluasi jangka panjang yang              basis, including long-term evaluations conducted
dilakukan bila diperlukan.                                  whenever needed.

Ke depannya, Perseroan akan terus memantau                  Going forward, the Company will continue to closely
perkembangan terkait perubahan iklim, persyaratan           monitor developments related to climate change,
regulasi, dan ekspektasi pasar. Perseroan tetap             regulatory requirements, and market expectations. The
berkomitmen untuk mengelola risiko terkait secara           Company remains committed to managing associated
bertanggung jawab sambil mempertahankan operasi             risks responsibly while maintaining stable operations in
yang stabil sesuai dengan aspek keberlanjutan.              accordance with sustainability aspects.

PERNYATAAN KECUKUPAN                                        STATEMENT OF RISK MANAGEMENT
MANAJEMEN RISIKO                                            ADEQUACY

Proses manajemen risiko yang saat ini dijalankan            The Company’s current risk management process
Perseroan telah berjalan secara efektif dan akan terus      has been operating effectively and will continue to be
disempurnakan guna membangun nilai jangka panjang           improved to build long-term value for stakeholders,
bagi para pemangku kepentingan, sejalan dengan              aligning with global standards, and contributing to
standar global serta berkontribusi terhadap tujuan          national and international sustainable development
pembangunan berkelanjutan baik di tingkat nasional          goals.
maupun internasional.




                                                                                                                       381
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       01

                                                Kinerja Finansial dan Kontribusi Ekonomi
     02
                                                Financial Performance and Economic Contribution

    03


      04
                                                PENGUNGKAPAN MANAJEMEN TOPIK                                    DISCLOSURE OF MATERIAL TOPIC
                                                MATERIAL [GRI 3-3]                                              MANAGEMENT [GRI 3-3]
     05
                                                Kinerja ekonomi merupakan salah satu topik material             Economic performance is one of the material topics that
                                                yang menjadi perhatian utama dalam pelaporan                    becomes a key focus in the Company's sustainability
    06                                          keberlanjutan Perseroan. Hal ini dikarenakan kinerja            reporting. This is because economic performance not
                                                ekonomi tidak hanya mencerminkan keberlanjutan                  only reflects business sustainability but also has a broad
                                                bisnis, tetapi juga memiliki dampak luas bagi pemegang          impact on shareholders, stakeholders, and society. By
                                                saham, pemangku kepentingan, dan masyarakat.                    ensuring stable economic growth, the Company can
                                                Dengan memastikan pertumbuhan ekonomi yang stabil,              continue its operations sustainably and provide long-
                                                Perseroan dapat terus menjalankan operasionalnya                term benefits to various parties.
                                                secara berkelanjutan serta memberikan manfaat jangka
                                                panjang bagi berbagai pihak.

                                                Pencapaian kinerja ekonomi yang positif berdampak               The achievement of positive economic performance
                                                langsung pada peningkatan nilai bagi pemegang                   directly contributes to increasing shareholder value,
                                                saham, kontribusi terhadap pendapatan negara melalui            supporting national revenue through tax payments,
Laporan Keberlanjutan - Sustainability Report




                                                pembayaran pajak, kesejahteraan karyawan melalui                ensuring employee welfare through fair remuneration,
                                                pemberian remunerasi yang layak, serta kesinambungan            and maintaining stable business relationships
                                                hubungan bisnis dengan para mitra usaha. Selain                 with partners. Additionally, a strong economic
                                                itu, kinerja ekonomi yang solid juga memungkinkan               performance enables an increased budget allocation
                                                peningkatan anggaran program TJSL, yang pada                    for TJSL programs, ultimately benefiting the surrounding
                                                akhirnya memberikan manfaat bagi masyarakat sekitar.            communities.

                                                Dalam mengelola kinerja ekonomi, Perseroan menjunjung           In managing economic performance, the Company
                                                tinggi transparansi dan akuntabilitas. Setiap informasi         upholds transparency and accountability. All financial
                                                mengenai kinerja keuangan diungkapkan secara                    information is clearly disclosed through periodic
                                                jelas melalui laporan berkala, paparan publik, serta            reports, public presentations, and other communication
                                                mekanisme komunikasi lainnya yang dapat diakses                 mechanisms accessible to shareholders, stakeholders,
                                                oleh pemegang saham, pemangku kepentingan,                      regulators, and the public. This approach not only
                                                regulator, dan masyarakat luas. Pendekatan ini tidak            reflects the Company’s commitment to good corporate
                                                hanya mencerminkan komitmen Perseroan terhadap tata             governance but also encourages all employees to
                                                kelola perusahaan yang baik, tetapi juga mendorong              perform their duties with integrity and adherence to
                                                seluruh karyawan untuk menjalankan tugasnya dengan              the internal control policies in place.
                                                penuh integritas dan kepatuhan terhadap kebijakan
                                                pengendalian internal yang berlaku.

                                                NILAI EKONOMI [GRI 201-1]                                       ECONOMIC VALUE [GRI 201-1]

                                                                                      Nilai Ekonomi yang Diperoleh dan Didistribusikan
                                                                                          Generated and Distributed Economic Value
                                                                                                                                                                Dalam USD*
                                                                                                                                                                     In USD


                                                                          KETERANGAN
                                                                                                                      2025               2024                2023
                                                                          DESCRIPTION
                                                 Nilai Ekonomi yang Dihasilkan
                                                 Generated Economic Value

                                                 Pendapatan Usaha
                                                                                                                      491,882,794         421,223,186        373,206,984
                                                 Revenue

                                                 Jumlah Nilai Ekonomi yang Dihasilkan (A)
                                                                                                                      491,882,794         421,223,186        373,206,984
                                                 Total Generated Economic Value (A)

382
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                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                               Nilai Ekonomi yang Diperoleh dan Didistribusikan
                                                   Generated and Distributed Economic Value
                                                                                                                                 Dalam USD*
                                                                                                                                      In USD


                               KETERANGAN
                                                                                          2025              2024              2023
                               DESCRIPTION
 Nilai Ekonomi yang Didistribusikan
 Distributed Economic Value

 Beban Usaha
                                                                                          431,312,252       379,219,103       345,505,584
 Operating Expenses

 Beban Pajak Penghasilan
                                                                                            6,764,057         2,155,930           438,665
 Income Tax Expense

 Jumlah Penyaluran Dana TJSL                                                                                                     12,713.18
                                                                                            21,120.25          21,810.41
 Funding to finance the TJSL




                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
 Jumlah Nilai Ekonomi yang Didistribusikan (B)
                                                                                         438,097,429        381,396,843       355,450,487
 Total Distributed Economic Value (B)

 Nilai Ekonomi yang Ditahan (A-B)
                                                                                           53,785,365        39,826,343         17,756,497
 Retained Economic Value (A-B)
 *)Perhitungan dalam USD sesuai dengan Kurs USD Laporan Keuangan Per 31 Desember 2025
 xxx



Jumlah nilai ekonomi yang dihasilkan Perseroan                                      The economic value generated by the Company primarily
didapatkan hanya dari pendapatan usaha yang dapat                                   stems from business income, which can be divided
dianalisa dalam tiga komponen utama yaitu Reparasi                                  into three main components: Repairs and Overhaul,
dan Overhaul, Perawatan, dan Operasi Lain-Lain.                                     Maintenance, and Other Operations. The Company
Perseroan tidak menghasilkan pendapatan dari sumber                                 does not generate income from other sources, such
lain, termasuk instrumen keuangan dari hasil penawaran                              as financial instruments resulting from equity public
umum bersifat ekuitas. Selain itu, jumlah nilai ekonomi                             offerings. Meanwhile, the distributed economic value
yang didistribusikan mencakup beban usaha, beban                                    was paid for business expenses, employee expenses
pegawai (biaya gaji dan tunjangan pegawai, insentif,                                (including salaries and employee benefits, incentives,
biaya kontribusi dana pensiun, imbalan kerja, dan biaya                             pension fund contribution costs, employee rewards,
pegawai lainnya), pembayaran pajak penghasilan, dan                                 and other employee costs), income tax payments, and
penyaluran dana TJSL.                                                               fundings for TJSL.

Pada tahun 2025, nilai ekonomi yang ditahan mencapai                                In 2025, the retained economic value reached USD53.78
USD53.78 juta. Nilai ini lebih tinggi 134.9% dari tahun                             million. This figure marks a 134.9% increase compared
sebelumnya ketika GMF mencatatkan nilai positif pada                                to the previous year when GMF reported a retained
nilai ekonomi yang ditahan, yaitu sebesar USD39.83                                  economic value of USD39.83 million. This increase
juta. Terjadi peningkatan pada pendapatan usaha yang                                in retained economic value between 2025 and 2024
menyebabkan perbedaan nilai ekonomi yang ditahan                                    occurred primarily due to the increase in revenues.
pada tahun 2025 dibandingkan 2024.

Seiring dengan peningkatan pendapatan, Perseroan                                    Furthermore, in line with the revenue increase, the
mampu memberikan kontribusi lebih besar kepada                                      Company has substantially increased its contribution
negara melalui peningkatan pembayaran pajak menjadi                                 to the country by enhancing income tax payments to
USD15.3 juta dibandingkan tahun sebelumnya sebesar                                  USD15.3 million compared to USD13.1 million in the
USD13.1 juta.                                                                       previous year.

IMBALAN PASCA-KERJA PEGAWAI                                                         EMPLOYEES POST-EMPLOYMENT
[GRI 2-30, 201-3]                                                                   BENEFITS [GRI 2-30, 201-3]

Pe r s e ro a n m e m b e r i k a n i m b a l a n p a s c a ke r j a                The Company provides post-employment benefits to
untuk karyawan sesuai dengan Undang-Undang                                          employees in accordance with Employment Law No.
Ketenagakerjaan No. 13/2003. Pada tahun 2021,                                       13/2003. In 2021, the Company has implemented Law
Perusahaan telah menerapkan Undang-Undang No. 11                                    No. 11 of 2020 concerning Job Creation.
Tahun 2020 tentang Cipta Kerja.




                                                                                                                                               383
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       01

                                                Perseroan menyediakan imbalan pasca-kerja berupa           The Company provides post-employment defined
     02                                         program iuran pasti dan manfaat pasti dan imbalan kerja    contribution plans, defined post-employment plans
                                                jangka panjang lain untuk karyawan yang memenuhi           and other long-term benefits covering its qualifying
                                                persyaratan program. Sesuai dengan amandemen               employees for each program. In accordance with the
    03                                          Perjanjian Kerja Bersama (PKB) dan Peraturan Grup          amendments to the Cooperation Employment Agreement
                                                (PP) pada tahun 2016, Perseroan menyelenggarakan           (PKB) and the Company Regulation (PP) in 2016, the
                                                tambahan program pensiun iuran pasti. Oleh karena          Company provides an additional defined contribution
                                                itu Perseroan mengikutsertakan karyawannya dalam           pension plan. Accordingly, the Company enrolled its
      04
                                                program pensiun iuran pasti yang dikelola BNI. Perseroan   employees in the defined contribution pension program
                                                membayar kontribusi iuran sebesar 6% dari gaji dasar       which is managed by Dana Pensiun Lembaga Keuangan
                                                pegawai dan ditambah iuran khusus untuk pegawai yang       (DPLK) BNI. The Company pays a contribution fee of
     05                                         akan pensiun.                                              6% of employees’ basic salaries and additional specific
                                                                                                           contributions for retiring employees.

    06                                          Beban iuran pasti yang diakui dalam beban operasi          Contribution expenses recognised under operating
                                                sebesar USD4,04 juta pada tahun 2025.                      expenses amounted to USD4,04 million in 2025.

                                                BANTUAN FINANSIAL YANG DITERIMA                            FINANCIAL ASSISTANCE RECEIVED
                                                DARI PEMERINTAH [GRI 201-4]                                FROM GOVERNMENT [GRI 201-4]

                                                Sepanjang tahun 2025, Perseroan tidak mendapatkan          Throughout 2025, the Company did not receive financial
                                                bantuan finansial dari pemerintah. Namun demikian,         assistance from the government. However, the “Bonded
                                                dengan Kebijakan Ekonomi yang dikeluarkan oleh             & Inventory Control” policy issued by the government
                                                pemerintah yaitu “Bonded & Inventory Control” terkait      regarding the 4 HS tariff and the exemption/amendment
                                                penetapan tarif 4 HS serta pembebasan/perubahan            of the 21 HS Code of Import Duty (BM) to 0% greatly
                                                persentase Bea Masuk (BM) 21 HS Code menjadi               eased the Company’s expenses in terms of imported
Laporan Keberlanjutan - Sustainability Report




                                                0% sangat meringakan beban Perseroan karena                parts for aircraft maintenance.
                                                diberlakukan untuk kategori part yang sering diimpor
                                                oleh GMF guna menunjang perawatan pesawat.

                                                PROPORSI PENGELUARAN UNTUK                                 SPENDING PROPORTION FOR LOCAL
                                                PEMASOK LOKAL [GRI 204-1]                                  SUPPLIERS [GRI 204-1]

                                                Pendekatan pengadaan GMF dirancang untuk memenuhi          GMF’s purchasing approach is designed to comply with
                                                standar industri. Oleh karena itu, Perseroan terkadang     industry standards. As a result, the Company may at
                                                memilih untuk membeli barang dan jasa dari luar negeri     times procure goods and services from overseas when
                                                apabila produk atau jasa lokal tidak tersedia atau tidak   local products or services are either unavailable or do
                                                memenuhi standar. Mengingat sifat material dan suku        not meet the required standards. Given the highly
                                                cadang dalam sektor MRO penerbangan yang sangat            specific nature of materials and spare parts in the airline
                                                spesifik, hanya sejumlah kecil pemasok lokal yang          MRO sector, only a limited number of local suppliers are
                                                mampu memenuhi spesifikasi teknis GMF. Sebaliknya,         able to meet GMF’s technical specifications. In contrast,
                                                penyedia jasa relatif lebih banyak tersedia di dalam       service providers are more readily available locally, as
                                                negeri, mengingat GMF membutuhkan berbagai layanan         GMF requires various supporting services in addition to
                                                pendukung selain untuk kegiatan usaha intinya di sektor    its core MRO business activities.
                                                MRO.

                                                Pada tahun 2025, Perseroan menghabiskan total sebesar      In 2025, the Company spent Rp 127.508.076.076 billion
                                                Rp 127.508.076.076 untuk pengadaan barang dan jasa         on goods and services sourced from local and national
                                                dari pemasok lokal dan nasional, yang melibatkan           suppliers, involving a total of 19 supplier companies.
                                                sebanyak 19 perusahaan pemasok.




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                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                       Pemasok Barang dan Jasa
                                     Suppliers of Goods and Services

                                                                Nilai Kontrak Pekerjaan (Rp Juta)
                             Jumlah Pemasok                              di luar PPN 10%
         Asal Pemasok         Total Suppliers                      Contract Values (Rp Million)
        Suppliers’ Origins                                              Excluding 10% VAT

                             2025          2024                 2025                       2024
Pemasok Barang
Supplier of Goods

Nasional
                                    12             0              84,925,245,795                          0
National

Lokal
                                    2              2                   197,037,250            54,124,981,650
Local




                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Jumlah
                                    14             2             85,122,283,045             54,124,981,650
Total

Pemasok Jasa
Supplier of Services

Nasional
                                    0             94                             -            28,270,102,425
National

Lokal
                                    5             14              42,385,793,031              80,396,213,975
Local

Jumlah
                                    5       108                  42,385,793,031            108,666,316,400
Total




                                                                                                               385
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       01

                                                Upaya Pelestarian Lingkungan
     02
                                                Environmental Conservation Efforts

    03


      04
                                                PENGUNGKAPAN MANAJEMEN TOPIK                              DISCLOSURE OF MATERIAL TOPIC
                                                MATERIAL [GRI 3-3]                                        MANAGEMENT [GRI 3-3]
     05
                                                                                                          The Company always makes sure that the operation does
                                                Perseroan memastikan bahwa proses operasional tidak       not harm the environment, especially the surrounding
    06                                          memberikan dampak negatif terhadap lingkungan hidup,      area. The environmental and health management is under
                                                terutama daerah sekitar operasi. Pengelolaan kegiatan     the Quality, Health, Safety and Environment (QHSE) unit
                                                sosial bidang lingkungan dan kesehatan dilaksanakan       that lies under the Corporate Affairs & HSE Department.
                                                oleh unit Quality, Health, Safety and Environment         This unit manages several aspects of environment
                                                (QHSE), yang berada di bawah Dinas Corporate Affairs      and occupational health and safety (OHS) according
                                                & HSE. Unit ini mengelola sejumlah aspek yang berkaitan   to the ISO 14001:2015 of Environmental Management
                                                dengan lingkungan hidup dan kesehatan, keselamatan        System (SML). The discussion this time focuses on
                                                kerja (K3) yang sesuai sertifikasi ISO 14001:2015         the management function in the environmental sector,
                                                Sistem Manajemen Lingkungan (SML). Pembahasan             while the discussion related to OHS is available in the
                                                kali ini difokuskan kepada fungsi pengelolaan di bidang   Appreciation and Protection of Our Employees after this
                                                lingkungan, sedangkan pembahasan terkait K3 dapat         discussion. Additionally, the environmental program with
                                                dibaca di pembahasan mengenai Menghargai dan              impact on the community has been disclosed in the
Laporan Keberlanjutan - Sustainability Report




                                                Melindungi Pegawai setelah pembahasan ini. Sedangkan      TJSL programs.
                                                pembahasan program lingkungan yang bermanfaat bagi
                                                masyarakat telah diungkapkan dalam program TJSL.

                                                Perseroan memiliki sertifikasi ISO 14001:2015 Sistem      The Company has ISO 14001:2015 Environmental
                                                Manajemen Lingkungan (SML) yang baru diperpanjang         Management System (SML) certification which has
                                                pada tanggal 13 September 2024 dan berlaku hingga         been extended on September 13, 2024, and is valid until
                                                tanggal 3 April 2027 setelah proses renewal Audit         April 3, 2027 after a renewal Audit of ISO 14001:2015
                                                ISO 14001:2015 selesai dilaksanakan. Sertifikasi ini      has completed. This certification is an international
                                                merupakan sertifikasi berstandar internasional mengenai   certification on environmental management to identify
                                                pengelolaan lingkungan untuk mengidentifikasi isu         internal, external, and environmental issues.
                                                internal, eksternal, dan dampak lingkungan.

                                                Sistem ini diharapkan dapat membantu Perseroan            This system is expected to help the Company minimize
                                                meminimalkan dampak negatif dari kegiatan operasional     the negative impact of the operation and bring a
                                                dan memberikan dampak positif bagi lingkungan. Sistem     positive impact on the environment. This system is also
                                                ini juga menjadi bagian integrasi dari sistem manajemen   integrated with the overall management system which
                                                perusahaan secara keseluruhan yang meliputi struktur      includes the organizational structure, responsibilities,
                                                organisasi, tanggung jawab, prosedur, proses, serta       procedures, processes, and resources in realizing
                                                sumber daya dalam mewujudkan kebijakan lingkungan.        environmental policies.

                                                AKTIVITAS TAHUN 2025                                      ACTIVITIES IN 2025

                                                Perseroan telah menjalankan sejumlah aktivitas untuk      The Company has conducted several activities to protect
                                                menjaga lingkungan hidup dari dampak negatif aktivitas    the environment from the negative impacts of operations
                                                operasi sebagai berikut:                                  as follows:
                                                1. Diperolehnya Hasil Verifikasi Rincian Teknis           1. The Company obtained the results of the Technical
                                                   Penyimpanan Limbah B3 (TPS Limbah B3) dari                 Verification of Hazardous Waste Storage (TPS
                                                   DLHK Provinsi Banten dengan status kelengkapan             Limbah B3) from the Banten Provincial DLHK, with
                                                   dan muatan dinyatakan lengkap dan sesuai, sebagai          the status of completeness and content declared
                                                   bentuk penguatan kepatuhan Perseroan terhadap              complete and compliant, as a form of strengthening
                                                   regulasi pengelolaan Limbah B3.                            the Company's compliance with hazardous waste
                                                                                                              management regulations.




386
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
2. Pelaksanaan Earth Hour 2025 dan pelaksanaan              2. Implementation of Earth Hour 2025 and Continuous
   Continuous Saving Energy selama 1 jam setiap                Saving Energy for 1 hour every month by turning
   bulannya melalui pemadaman area operasional,                off electricity in operational areas, such as hangars,
   seperti Hangar, workshop, dan perkantoran.                  workshops, and offices.
3. Pelaksanaan pelaporan kinerja lingkungan secara          3. Implementation of quarterly, half-yearly, and annual
   triwulanan, semesteran, dan tahunan kepada stake            environmental performance reporting to stakeholders
   holder sebagai bagian dari monitoring pencapaian            as part of monitoring the Company's environmental
   KPI lingkungan Perseroan.                                   KPI achievements.
4. Optimalisasi pemanfaatan sistem Pembangkit Listrik       4. Pptimizing the use of the Solar Power Plant (PLTS)
   Tenaga Surya (PLTS) yang terpasang di Gedung                system installed in the Maintenance Support Facility
   Maintenance Support Facility (MSF) dan Gedung               (MSF) Building and Ground Support Equipment (GSE)
   Ground Support Equipment (GSE) sebagai sumber               Building as an additional energy source, including
   energi tambahan, termasuk pemantauan kinerja                monitoring the Company's conventional electricity
   pengurangan konsumsi listrik konvensional Perseroan.        consumption reduction performance.




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
5. Pemanfaatan kendaraan listrik sebagai bagian dari        5. Utilization of electric vehicles as part of the
   komitmen Perseroan dalam mendukung pengurangan              Company's commitment to supporting carbon
   emisi karbon dan peningkatan efisiensi energi.              emission reduction and increasing energy efficiency
6. Pelaksanaan Program Penguatan 5R (Ringkas, Rapi,         6. Implementation of the 5R Strengthening Program
   Resik, Rawat, Rajin) sebagai upaya membangun                as an effort to build an orderly, clean, and efficient
   budaya kerja yang tertib, bersih, dan efisien, serta        work culture, as well as control potential waste and
   pengendalian potensi limbah dan pencemaran.                 pollution.
7. Implementasi program digitalisasi dokumen melalui        7. Implementation of a document digitization program
   optimalisasi sistem akun pengguna (user-based               through optimization of the user-based printing
   printing control ) guna membatasi pencetakan                control system to limit hardcopy printing according
   hardcopy sesuai kebutuhan operasional demi                  to operational needs in order to improve paper usage
   meningkatkan efisiensi penggunaan kertas.                   efficiency.

PERIZINAN LINGKUNGAN                                        ENVIRONMENTAL PERMIT

Perseroan telah memiliki izin lingkungan untuk              The Company has an environmental permit issued by
melaksanakan kegiatan operasional yang diterbitkan          the Tangerang City Government to carry out operational
oleh Pemerintah Kota Tangerang. Izin tersebut mencakup      activities. Those permits include Environmental Permit
Dokumen Izin Lingkungan berupa Dokumen Evaluasi             Documents of Environmental Evaluation Documents
Lingkungan Hidup (DELH) dan Analisis Mengenai               (DELH) and Environmental Impact Analysis (AMDAL)
Dampak Lingkungan (AMDAL) ketika melakukan                  when finished constructing the new Hangar 4. The
pembangunan Hangar 4. Perseroan telah memenuhi              Company has fulfilled the obligation to prepare the
kewajiban pembuatan Laporan Rencana Pengelolaan dan         Environmental Management and Monitoring Plan Report
Pemantauan Lingkungan (RKL-RPL) ketika memenuhi             (RKL-RPL) when filling out the environmental permit.
perizinan lingkungan tersebut. Laporan telah diberikan      Those reports have been submitted to the relevant
pada instansi terkait, yaitu Dinas Lingkungan Hidup dan     agencies including the Banten Province Environment
Kehutanan Provinsi Banten, Dinas Lingkungan Hidup           and Forestry Service, the Tangerang City Environmental
Kota Tangerang, dan Pusat Pengendalian Pembangunan          Service, and the Java Ecoregion Development Control
Ekoregion Jawa.                                             Center.

PENANGANAN INSIDEN YANG                                     HANDLING INCIDENTS THAT POLLUTE
MENCEMARI LINGKUNGAN                                        THE ENVIRONMENT

Perseroan terus berupaya untuk mengelola dan                The Company continues to manage and monitor the
memantau lingkungan dari dampak negatif operasional         environment from any negative impact of operation
usaha melalui Prosedur HSE 6-01 tentang Pemantauan          through HSE Procedure 6-01 concerning Monitoring and
dan Pengukuran Kinerja HSE. Pengukuran dilaksanakan         Measurement of HSE Performance. The measurement
berdasarkan dokumen DELH dan AMDAL yang telah               is based on DELH and AMDAL that the Company owns.
dimiliki Perseroan. Jika terjadi ketidaksesuaian, seperti   If there is a discrepancy, when the result does not meet
hasil pengukuran tidak memenuhi baku mutu, maka akan        the quality standard, an HSE Inspection will be carried
dilaksanakan Inspeksi K3L sesuai dengan Prosedur            out according to the HSE 5-13 Procedure as a basis for
HSE 5-13 yang berujung pada penerbitan evaluasi dan         evaluation and recommendations in the QHSE Report.
rekomendasi dalam dokumen QHSE Report.




                                                                                                                        387
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       01

                                                Pada tahun 2025, secara garis besar, hasil pengukuran         In 2025, in general, the environmental measurement
     02                                         lingkungan memenuhi baku mutu yang menjadi acuan              had met the standards reference (wastewater quality,
                                                (kualitas air limbah, kualitas udara ambien, kualitas         ambient air quality, air emission-quality from stationary
                                                emisi udara dari sumber tidak bergerak, dan kebisingan        sources, and environmental noise).
    03                                          lingkungan).

                                                PENGGUNAAN MATERIAL DAN UPAYA                                 MATERIAL USAGE AND EFFICIENCY
      04                                        EFISIENSI [OJK F.5]                                           EFFORTS [OJK F.5]

                                                Material merupakan bahan-bahan/materi-materi                  Materials are the basic materials that the Company used
                                                dasar yang digunakan dalam kegiatan yang dilakukan            in the operation. The materials in business processes
     05                                         Perseroan. Material yang digunakan dalam proses bisnis        include fuel oil (diesel) for transportation of ground
                                                mencakup bahan bakar minyak (solar) untuk transportasi        support equipment, hazardous and toxic materials (B3)
                                                ground support equipment, bahan berbahaya dan                 or chemicals, and paper for administration purposes.
    06                                          beracun (B3) atau kimia, serta penggunaan kertas              These raw materials are not taken directly from nature
                                                untuk administrasi. Bahan baku tersebut bukan bahan           but are purchased from suppliers.
                                                baku yang langsung diambil dari alam (raw material),
                                                melainkan dibeli dari pemasok eksternal (supplier).

                                                Informasi volume penggunaan material dalam adalah              Information on how much material the Company used
                                                sebagai berikut:                                              in the past two years is as follows:


                                                    Jenis Material               Satuan                                                                 YoY
                                                                                                          2025                  2024
                                                    Material Type                 Unit                                                               2024-2025
                                                 Solar
                                                                         Liter                                   299,196                207,778                 43,99%
                                                 Diesel Fuel
Laporan Keberlanjutan - Sustainability Report




                                                 Kimia
                                                                         Ton                                     216,231               273,062                  (20,8%)
                                                 Chemistry

                                                 Kertas
                                                                         Rim                                     25,889                24,137.71                 7,25%
                                                 Paper


                                                Pada tahun 2025, pemakaian solar meningkat                    In 2025, diesel fuel consumption will increase to
                                                menjadi 299.196 liter, atau kenaikan sebesar 43,99%           299,196 liters, or an increase of compared to 2024.
                                                dibandingkan tahun 2024. Peningkatan ini sejalan              This increase is in line with the increased intensity
                                                dengan bertambahnya intensitas kegiatan operasional           of operational activities and increased utilization of
                                                serta peningkatan utilisasi peralatan dan kendaraan           diesel-fueled ground support equipment and vehicles
                                                ground support equipment berbahan bakar solar selama          during the reporting period, as part of the Company's
                                                periode pelaporan, sebagai bagian dari kebutuhan              operational needs. The Company's chemical material
                                                operasional Perseroan. Penggunaan material kimia              usage in 2025 also decreased to 216,231 tons or 20,8%
                                                Perseroan pada tahun 2025 mengalami penurunan                 lower than in 2024. This is due to operational activities
                                                menjadi sebesar 216,231 ton ton atau 20,8% lebih rendah       in the production area that use chemicals were relatively
                                                dibandingkan tahun 2024. Hal ini terjadi karena karena        reduced, or there were no project requirements that
                                                pelaksanaan kegiatan operasional di area produksi yang        required large quantities of chemicals.
                                                menggunakan bahan kimia relatif berkurang atau tidak
                                                ada kebutuhan project pekerjaan yang membutuhkan
                                                bahan kimia dalam jumlah besar.

                                                Perseroan terus menjaga penggunaan material kimia             The Company continues to maintain the use of chemical
                                                dengan terus mempertahankan sistem consignment                materials by maintaining an effective consignment
                                                yang terbilang efektif. Melalui sistem ini, ketika material   system. Through this system, when the material is not
                                                tersebut tidak digunakan di Perseroan maka dapat              used in the Company, it can be returned back to the
                                                dikembalikan kembali ke pihak supplier. Ini merupakan         supplier. This is the Company's effort to reduce the
                                                upaya Perseroan dalam mengurangi timbulan limbah B3           generation of B3 waste from the source.
                                                dari sumber.

                                                Sementara itu, penggunaan material kertas tahun 2025          Meanwhile, the use of paper material in 2025 has
                                                mengalami peningkatan menjadi sebesar 25.889 rim              increased to 25,889 reams or increased by 7,25 %
                                                atau naik 7,25 % dibandingkan tahun 2024. Hal ini             compared to 2024. This is due to Several office activities
                                                dikarenakan beberapa aktivitas perkantoran mengalami          experienced an increase in the need for paper usage in


388
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
kenaikan kebutuhan penggunaan kertas dalam kegiatan            daily operations. Various initiatives that continue to be
keseharian. Berbagai inisiatif yang terus dilakukan dari       carried out from year to year are:
tahun ke tahun yaitu:
1. Dokumen internal dan eksternal dibuat dalam bentuk          1. Internal and external documents are made in soft
   soft copy dengan pengesahan berupa barcode atau                copy with attestation in the form of a barcode or
   e-signature;                                                   e-signature;
2. Pembatasan penggunaan printer, dokumen diarahkan            2. Restrictions on the use of printers, documents are
   dalam bentuk soft copy;                                        directed in the form of soft copies;
3. Penggunaan printer log-in system sehingga karyawan          3. The use of a printer log-in system so that employees
   dapat memilih terlebih dahulu file yang akan dicetak           can pre-select files to be printed and can cancel
   dan dapat membatalkan rencana pencetakan;                      printing plans;
4. Efisiensi penggunaan kertas dalam aktivitas Perseroan;      4. Efficiency of paper usage in the Company's activities;
5. Penggunaan kertas reuse dan cetak bolak-balik               5. Use of reuse paper and back-to-back printing for
   untuk dokumen kerja;                                           work documents;




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
6. Kampanye penghematan kertas melalui stiker yang             6. Paper saving campaign through stickers attached
   ditempelkan pada mesin printer dan fotocopy.                   to printers and photocopiers.

EFISIENSI PENGGUNAAN ENERGI                                    EFFICIENT ENERGY USAGE [GRI 302-1,
[GRI 302-1, 302-3, 302-4] [OJK F.6, F.7]                       302-3, 302-4] [OJK F.6, F.7]

Perseroan membutuhkan energi listrik dan Bahan                 The Company needs electricity and fuel (BBM) from
Bakar Minyak (BBM) yang berasal dari sumber tidak              non-renewable sources. The Company uses electricity
terbarukan untuk menjalankan kegiatan usahanya.                from the State Electricity Company (PLN) to power the
Perseroan menggunakan energi listrik yang dihasilkan           operational facilities and infrastructures. Meanwhile,
oleh Perusahaan Listrik Negara (PLN) sebagai sumber            BBM is used for operational vehicles.
daya fasilitas, sarana, dan prasarana yang terdapat di
lingkungan operasional. Sedangkan BBM digunakan
untuk kendaraan operasional.

Selain menghitung penggunaan energi dalam satuan               In addition to calculating the energy individually, the
masing-masing, Perseroan juga menghitung penggunaan            Company also converted the unit into GigaJoule (GJ)
energi yang dikonversikan ke dalam satuan energi               with the following values:
GigaJoule (GJ) dengan nilai konversi sebagai berikut:
1. 28.58 liter BBM = 1 GJ Energi                               1. 28.58 liters of fuel = 1 GJ of Energy
2. 277.78 kwh listrik = 1 GJ Energi                            2. 277.78 kwh of electricity = 1 GJ of Energy

Informasi volume penggunaan energi pada tahun 2025             Information on the volume of energy usage in 2025 is
adalah sebagai berikut:                                        as follows:


                                            Penggunaan Energi Pada Tahun 2025
                                                  Energy Usage in 2025
     Jenis Material                Satuan             Volume 2024            Volume 2023                 YoY
     Material Type                  Unit              2024 Volume            2023 Volume              2024-2025
 BBM
                          Liter                              412,692.00              309,807.00                 33.21%
 Fuel

 Listrik [ESG E-03]
                          Kwh                                22,652.539              20,532,551                 10.33%
 Electricity

 BBM
                          GJ                                  14,440.59               10,839.99                 33.21%
 Fuel

 Listrik
                          GJ                                  81,549.08                73,916.5                 10.33%
 Electricity

 Jumlah
                          GJ                                  95,989.67               84,756.49                 13.25%
 Total

 Pendapatan
                          USD                               491,882,794             425,058,841                 15.72%
 Revenue

 Intensitas Penggunaan
 Energi                   GJ/USD                            0.000195147            0.000199398                   -2.13%
 Energy Usage Intensity



                                                                                                                           389
Page 390
       01

                                                Tabel menunjukkan bahwa total penggunaan energi             The table shows that the Company's total energy
     02                                         Perseroan pada tahun 2025 meningkat menjadi                 consumption in 2025 will increase to 95,989.67 GJ,
                                                95.989,67 GJ, atau 13,25% lebih tinggi dibandingkan         or 13.25% higher than in 2024. This increase is in line
                                                tahun 2024. Kenaikan ini sejalan dengan meningkatnya        with the increased intensity of operational activities
    03                                          intensitas kegiatan operasional sepanjang tahun             throughout the reporting year, particularly in aircraft
                                                pelaporan, khususnya pada aktivitas perawatan pesawat       maintenance activities for the General Aviation (GA) and
                                                untuk segmen GA maupun NGA, sebagaimana diuraikan           Non-General Aviation (NGA) segments, as described in
                                                dalam Tinjauan Operasi per Segmen Usaha pada Laporan        the Review of Operations by Business Segment in this
      04
                                                Terintegrasi ini.                                           Integrated Report.

                                                Perseroan menyadari bahwa pertumbuhan operasional           The Company recognizes that operational growth
     05                                         memiliki implikasi terhadap peningkatan konsumsi            has implications for increased energy consumption.
                                                energi. Oleh karena itu, secara konsisten Perseroan         Therefore, the Company consistently implements
                                                tetap mengimplementasikan berbagai program efisiensi        various energy efficiency and control programs to ensure
    06                                          dan pengendalian energi guna memastikan bahwa               that energy use is managed in a measured, controlled
                                                penggunaan energi dikelola secara terukur, terkendali,      manner and in line with its commitment to sustainable
                                                dan selaras dengan komitmen terhadap praktik                operational practices: [OJK F.12]
                                                operasional yang berkelanjutan: [OJK F.12]
                                                1. Penerapan program Continuous Saving Energy,              1. Implementation of the Continuous Saving Energy
                                                    yaitu pengurangan penggunaan energi listrik berupa         program, which is a reduction in the use of electrical
                                                    pemadaman lampu kantor pada jam istirahat,                 energy in the form of turning off office lights during
                                                    pengurangan penggunaan AHU setelah office hour             breaks, reducing the use of AHU after office hour
                                                    (setelah pukul 16.00 WIB).                                 (after 16.00 WIB).
                                                2. Penerapan program pemadaman area Perseroan               2. Implementation of the Company's area blackout
                                                    setiap akhir bulan selama 1 jam. Program ini berhasil      program at the end of each month for 1 hour. This
                                                    melakukan efisiensi atau penghematan sebesar total         program succeeded in making efficiency or savings
Laporan Keberlanjutan - Sustainability Report




                                                    4,888.69 kWh selama tahun 2025.                            of a total of 4,888.69 kWh during 2025.
                                                3. Pelaksanaan program Walk to Work untuk                   3. Implementation of Walk to Work program to reduce
                                                    mengurangi konsumsi BBM.                                   fuel consumption.
                                                4. Penggunaan forklift bertenaga baterai untuk area         4. Use of battery-powered forklifts for logistics and
                                                    logistic dan warehouse.                                    warehouse areas.

                                                PENGGUNAAN ENERGI SURYA                                     SOLAR CELL USAGE [OJK F.5, F.12]
                                                [OJK F.5, F.12]

                                                Perseroan memanfaatkan energi surya sebagai bagian          The Company utilizes solar cells as part of its initiative
                                                dari inisiatif untuk mengurangi konsumsi energi yang        to reduce energy consumption from non-renewable
                                                bersumber dari sumber daya tidak terbarukan. Sel surya      resources. These solar cells are installed at the
                                                tersebut dipasang di gedung Maintenance Support             Maintenance Support Facility (MSF) and Ground Support
                                                Facility (MSF) dan Ground Support Equipment (GSE).          Equipment (GSE) buildings.

                                                Pada tahun 2025, pemanfaatan solar cell menghasilkan        In 2025, the solar cells generated 1,235,831 kWh of
                                                energi sebesar 1,235,831 kWh, yang relatif konsisten        energy, which remained relatively consistent with the
                                                dibandingkan dengan produksi energi sebesar 1.268,8         1,268.8 kWh generated in 2024.
                                                kWh yang dihasilkan pada tahun 2024.

                                                EMISI YANG DIHASILKAN [GRI 305-1,                           GENERATED EMISSION [GRI 305-1, 305-
                                                305-2, 305-4, 305-5] [OJK F.11]                             2, 305-4, 305-5] [OJK F.11]

                                                Emisi Gas Rumah Kaca (GRK) memiliki dampak negatif          Greenhouse Gas (GHG) emissions are detrimental to
                                                yang dapat memicu pemanasan global dan perubahan            global warming and climate change. The Company is
                                                iklim. Perseroan berkomitmen untuk turut berpartisipasi     dedicated to contribute in reducing emission of carbon
                                                mengurangi emisi dengan mengurangi konsentrasi              dioxide (CO2) concentrations resulting from electricity
                                                karbondioksida (CO2) karena penggunaan listrik dan          and fuel usage.
                                                BBM.

                                                Dalam Laporan Keberlanjutan ini, emisi yang dilaporkan      In this Sustainability Report, the disclosed emissions
                                                adalah emisi GRK langsung (cakupan 1) yang dihasilkan       include direct GHG emissions (scope 1) from the use
                                                dari penggunaan bahan bakar minyak dan emisi GRK            of fuel and indirect GHG emissions (scope 2) from
                                                (cakupan 2) tidak langsung yang bersumber dari              electricity consumption. The Company has decided


390
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                                                                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
penggunaan listrik. Perseroan belum memutuskan                                            not to report other indirect GHG emissions (scope
untuk melaporkan emisi GRK (cakupan 3) tidak                                              3) related to business travel by airplane. The GHG
langsung lainnya dari perjalanan dinas dengan pesawat                                     emissions from scopes 1 and 2 are dominated by CO2.
terbang. Emisi GRK dominan yang dihasilkan dari                                           The Company utilizes the Intergovernmental Panel on
cakupan 1 dan 2 adalah CO2. Perseroan menggunakan                                         Climate Change (IPCC) method for calculating scope 1
metode penghitungan emisi GRK cakupan 1 dari                                              GHG emissions, employing local emission factors (tier 2)
Intergovernmental Panel on Climate Change (IPCC)                                          specified by the Energy and Mineral Resources Research
dengan menggunakan faktor emisi lokal (tier 2) yang                                       and Development Agency (Balitbang ESDM) and the
telah ditetapkan Badan Penelitian dan Pengembangan                                        Directorate General of Electricity under the Ministry of
Energi dan Sumber Daya Mineral (Balitbang ESDM) dan                                       EMR.
Direktorat Jenderal Ketenagalistrikan di bawah naungan
Kementerian ESDM.

Dalam melaporkan emisi hasil penggunaan listrik,                                          When reporting emissions from electricity consumption,




                                                                                                                                                                              Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Perseroan menggunakan faktor konversi emisi                                               the Company adopted the electricity emission
listrik average grid emission factor yang dikeluarkan                                     conversion factor based on the average grid emission
Kementerian ESDM pada dokumen Rencana Usaha                                               factor provided by the Ministry of Energy and Mineral
Penyediaan Tenaga Listrik (RUPTL) PLN 2015-2024.                                          Resources in the 2015-2024 PLN Electricity Procurement
                                                                                          Plan (RUPTL) document.

Perseroan memiliki komitmen untuk mengurangi emisi                                        The Company is committed to reducing emissions and
dan mendukung Pemerintah Indonesia dalam mencapai                                         supporting the Indonesian Government in achieving
Net Zero Emissions (NZE) 2060, namun Perseroan                                            Net Zero Emissions (NZE) 2060, however, the Company
tidak memiliki target khusus ataupun tahun pencapaian                                     does not have specific internal targets or a timeline for
target internal untuk menurunkan emisi GRK. Selain itu,                                   reducing GHG emissions. Additionally, the Company
Perseroan juga tidak memiliki manajemen untuk mengawasi                                   does not have a management system to oversee
pengendalian iklim. Perseroan juga belum memiliki target                                  climate control efforts and has not set specific targets
khusus terkait pencapaian target NZE. Selain itu, Perseroan                               for NZE achievement. Additionally, there are also no
juga tidak memiliki peraturan atau dokumen internal                                       internal regulations or company documents related to
perusahaan terkait hal tersebut. [E-06, E-07]                                             this matter. [E-06, E-07]


                                                               Jumlah Emisi [ESG E-01, E-02]
                                                                      Total Emission
            Uraian                                Satuan                                                                                             YoY
                                                                                     2025                             2024
          Description                              Unit                                                                                           2024-2025
 ENERGI BAHAN BAKAR (CAKUPAN 1)
 FUEL (SCOPE 1)
 BBM
                                        GJ                                                14,440.59                          10,839.99                           33,21%
 Fuel
 Emisi BBM
                                        kg CO2eq                                          1,048,387                            650,800                            61,15%
 Fuel Emission
 ENERGI LISTRIK (CAKUPAN 2)
 ELECTRICITY (SCOPE 2)
 Listrik
                                        GJ                                                  81,549.0                          73,916.5                           10.33%
 Electricity
 Emisi Listrik
                                        kg CO2eq                                       21,157,388.3                       19,177,402.6                           10.33%
 Electricity Emission
 Jumlah Emisi Cakupan 1 & 2
                                        kg CO2eq                                         22.205.775                       19,251,319.1                            15.35%
 Total Emission of Scope 1 & 2
 Pendapatan
                                        USD                                            491,882,794                       425,058,841                              15.72%
 Revenue
 Intensitas Penggunaan Energi
                                        kg CO2eq/USD                                 0,045144444                                    0.04                         -0,32%
 Energy Usage Intensity
 Catatan | Remarks:
 • Faktor konversi emisi bahan bakar menggunakan standar IPCC (UNEP) 2006 dan Balitbang ESDM 2017 | Conversion factors for fuel emission used the IPCC standard (UNEP)
     2006 and Balitbang ESDM 2017
 • Faktor konversi | Conversion factor:
     • 1 GJ = 0.001 Tj | 1 G = 0.001 TJ
     • Faktor emisi bahan bakar bensin RON 92 per kg CO2eq = 72,600 | Emission factor of fuel type RON 92 every kg CO2eq = 72,600
 • Faktor konversi emisi listrik menggunakan average grid emission factor yang dikeluarkan Kementerian ESDM pada dokumen Rencana Usaha Penyediaan Tenaga Listrik
     (RUPTL) PLN 2015-2024 | Conversion factors for electricity emission used the average grid emission factor specified by the Ministry of Energy and Mineral Resources as
     issued by PLN in its Electricity Procurement Plan (RUPTL) 2015-2024.
 • Faktor konversi | Conversion factor:
     • 1 kWh = 0.934 kg CO2 | 1 kWh = 0,934 kg CO2




                                                                                                                                                                              391
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       01

                                                EFISIENSI PENGGUNAAN AIR [GRI 303-                          EFFICIENT WATER USAGE [GRI 303-5]
     02                                         5] [OJK F.8]                                                [OJK F.8]

                                                Perseroan membutuhkan air untuk berbagai keperluan          The Company needs water to operate and that includes
    03                                          operasional mencakup sanitasi karyawan, bangunan            sanitation for employees, office buildings, boarding
                                                kantor, rumah dinas, serta pencucian pesawat dan spare      houses, and clean aircraft and spare parts. From its
                                                part. Sejak awal beroperasi hingga tahun pelaporan,         establishment until the current reporting year, the
                                                Perseroan tidak menggunakan air tanah dan hanya             Company did not use groundwater and has only been
      04
                                                menggunakan sumber air yang berasal dari Perusahaan         using water from the Regional Drinking Water Company
                                                Daerah Air Minum (PDAM). Dengan demikian, pada tahun        (PDAM). Hence, in 2025, there were no reports of a
                                                2025, tidak terdapat pelaporan mengenai adanya sumber       Company’s action that had significantly reduced water
     05                                         air yang secara signifikan dipengaruhi oleh pengambilan     resources.
                                                air oleh GMF.

    06                                          Perseroan tetap mengukur volume penggunaan air              The Company continues to measure water use through
                                                dengan menggunakan metode observasi dan pencatatan          observation and record the numbers on the flowmeter
                                                angka yang tertera pada flowmeter karena cara ini           since this is still the most accurate method for the
                                                dinilai paling akurat. Pencatatan dilakukan dengan          Company. The recording is done through calculation
                                                melihat angka yang tertera pada awal dan akhir bulan        between the numbers at the beginning and end of the
                                                untuk dihitung selisih nilainya. Berdasarkan pencatatan     month. Based on these records, water usage in 2025
                                                tersebut, volume penggunaan air pada tahun 2025             will be 269,606 m3. This represents a 65.98% increase
                                                adalah sebesar 269,606 m3. Terjadi kenaikan 65,98%          from the 162,439 m3 used in 2024 due to increased
                                                dari pemakaian sebesar 162,439 m3 pada tahun 2024           operational intensity and additional water requirements
                                                dikarenakan peningkatan intensitas kegiatan operasional     to support production activities and supporting facilities
                                                serta bertambahnya kebutuhan air untuk mendukung            during the reporting period. [ESG E-04]
                                                aktivitas produksi dan fasilitas penunjang selama periode
Laporan Keberlanjutan - Sustainability Report




                                                pelaporan. [ESG E-04]

                                                Perseroan memiliki kebijakan efisiensi penggunaan air       The Company has a policy to make water usage more
                                                yang diatur dalam Surat Edaran Nomor: DC/SE-7002/18         efficient through a Circular Letter Number: DC/SE-
                                                tentang Penghematan Energi Listrik dan Air Bersih di        7002/18 concerning Energy Saving of Electricity and
                                                Lingkungan Perseroan. Surat ini mewajibkan kepada           Clean Water. This letter requires all employees working
                                                seluruh karyawan di lingkungan GMF agar melakukan           at the GMF to save water. Conserving water are carried
                                                upaya penghematan penggunaan air dalam setiap               out on an ongoing basis from year to year through
                                                kegiatannya. Upaya penghematan air merupakan upaya          water-saving campaigns, including the placement of
                                                berkelanjutan dari tahun ke tahun yang dilakukan melalui    water conservation stickers on washbasins, toilets, and
                                                kampanye penghematan air melalui stiker hemat air           ablution faucets in the prayer rooms.
                                                yang ditempelkan pada wastafel, toilet dan keran wudu
                                                musala.

                                                PENGELOLAAN LIMBAH [OJK F.14]                               WASTE MANAGEMENT [OJK F.14]

                                                Aktivitas operasional Perseroan menghasilkan limbah,        The Company's operational activities generate both
                                                baik cair maupun padat, B3 maupun non-B3. Perseroan         liquid and solid waste, hazardous and non-hazardous.
                                                mengelola limbah operasional secara sistematis guna         The Company manages operational waste systematically
                                                mencegah terjadinya pencemaran dan kerusakan                to prevent pollution and environmental damage. This
                                                lingkungan. Komitmen tersebut diwujudkan melalui            commitment is manifested through the Health, Safety
                                                kebijakan Health, Safety and Environment (HSE) yang         and Environment (HSE) policy signed by the President
                                                telah ditandatangani oleh Direktur Utama pada 1 Juni        Director on June 1, 2017, as well as the implementation
                                                2017, serta penerapan Prosedur HSE 5-02 tentang             of HSE Procedure 5-02 concerning the Management of
                                                Pengelolaan Limbah Bahan Berbahaya dan Beracun              Hazardous and Toxic Waste (B3), which was prepared
                                                (B3) yang disusun mengacu pada Peraturan Pemerintah         with reference to Government Regulation No. 101 of 2014
                                                Nomor 101 Tahun 2014 tentang Pengelolaan Limbah B3          concerning the Management of B3 Waste and other
                                                dan peraturan terkait lainnya yang berlaku di Indonesia.    relevant regulations applicable in Indonesia.

                                                Sebagai penguatan aspek kepatuhan, pada tahun               To strengthen compliance, during the reporting year the
                                                pelaporan Perseroan juga telah memperoleh Hasil             Company also obtained Technical Verification Results
                                                Verifikasi Teknis atas Rincian Teknis Penyimpanan           for Technical Details of B3 Waste Storage (TPS Limbah
                                                Limbah B3 (TPS Limbah B3) dari DLHK Provinsi Banten,        B3) from the Banten Provincial DLHK, with the status
                                                dengan status kelengkapan dan muatan dinyatakan             of completeness and content declared complete and
                                                lengkap dan sesuai.                                         compliant.

392
Page 393
                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
Pencapaian ini menegaskan bahwa pengelolaan Limbah            This achievement confirms that the Company's
B3 Perseroan telah memenuhi persyaratan teknis dan            hazardous waste management has met the technical
regulatif yang ditetapkan oleh otoritas lingkungan hidup.     and regulatory requirements set by the environmental
[306-1]                                                       authorities. [306-1]

Perseroan mengelola limbah non-B3 yang terdiri dari
kertas tidak terpakai dan grey water berupa air kotor         The Company manages its non-B3 waste, comprised of
berdasarkan Ketentuan Kementerian Lingkungan                  unused paper and dirty water, according to the Ministry
Hidup (KLH) dan standar industri terkait agar tidak           of Environment (KLH) regulation and industry standards
menimbulkan dampak negatif terhadap lingkungan.               to protect the environment. The Company manages its
Perseroan mengelola limbah kertas menggunakan                 paper waste using the reuse and reduce method, while
metode reuse and reduce, sedangkan limbah grey water          gray water waste from domestic waste that came from
dari limbah domestik seperti air cucian piring, flushing      dishwashing, toilets, etc, is channeled to Angkasa Pura
toilet, dan sebagainya disalurkan ke STP (Sewage Water        II's STP (Sewage Water Treatment). The Company also




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Treatment) Angkasa Pura II. Perseroan juga menerapkan         uses composting methods to turn leaves into compost.
cara composting untuk mengelola sampah organik                This is an effective method to reduce the volume of
berupa dedaunan menjadi pupuk kompos. Cara ini                organic waste to be burned at the Final Processing
terbilang efektif untuk mengurangi timbunan sampah            Site (TPA), hence reducing CH4 gas coming from the
organik yang diangkut ke Tempat Pemrosesan Akhir              burning. [306-1]
(TPA) untuk dibakar sehingga mengurangi gas CH4
hasil pembakaran sampah. [306-1]

Informasi volume limbah yang dihasilkan adalah sebagai        Information on the waste volume generated is as follows:
berikut: [F.13]                                               [F.13]


     Jenis Limbah               Satuan                                                                YoY
                                                      2025                    204
      Waste Type                 Unit                                                              2024-2025
 Limbah B3
                          Ton                                 329.77                  286.14                  15.25%
 Hazardous waste

 Limbah non-B3
                          Ton                                 825.60                 850.28                   (2.90%)
 Non-hazardous waste

]Jumlah [ESG E-05
                         Ton                                 1,155.37               1,136.42                   1.67%
Total


Pengelolaan penggunaan material kimia melalui sistem          The chemical materials are managed through a
consignment seperti yang telah dijelaskan sebelumnya          consignment system, as discussed earlier, to maintain
turut membantu menjaga tingkat volume limbah                  the volume of hazardous waste from operational
berbahaya yang dihasilkan dari aktivitas operasional.         activities. One of them is Turco Oil. In managing
Salah satunya adalah pada Turco Oil. Dalam mengelola          hazardous waste, GMF refers to Government Regulation
limbah B3, GMF mengacu pada Peraturan Pemerintah No.          No. 22 of 2021 concerning Environmental Protection
22 Tahun 2021 tentang Penyelenggaraan Perlindungan            and Management from the packaging, storage,
dan Pengelolaan Lingkungan Hidup tersebut dilakukan           transportation, and processing which are all done by
dari mulai proses pengemasan, penyimpanan, hingga             a business entity that has a license from KLH and the
pengangkutan dan pengolahan oleh badan usaha yang             Ministry of Transportation of the Republic of Indonesia.
memiliki izin dari KLH dan Departemen Perhubungan             [306-2]
RI. [306-2]

Berikut disampaikan informasi mengenai volume dan             Here is information on the volume and management
metode pengelolaan limbah B3: [306-5]                         method of handling hazardous waste: [306-5]




                                                                                                                         393
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       01

                                                                                                                                                              Volume Limbah B3
                                                   Nama Limbah B3                                             Metode
     02                                                                       Tempat Pengolahan                                        Tujuan Akhir                  (Kg)
                                                   Hazardous Waste                                          Pengelolaan
                                                                                 Handling Site                                         Final Disposal          Hazardous Waste
                                                        Type                                              Handling Method
                                                                                                                                                                 Volume (Kg)

    03                                           Limbah B3 Padat
                                                 Solid Hazardous Waste

                                                 Majun & plastik
      04                                         terkontaminasi B3
                                                 Dust cloth & plastic                                                                                         48,210
                                                 contaminated with
                                                 hazardous waste
     05                                          Bekas kemasan B3
                                                 Used container         of                                                                                    27,200
                                                 hazardous waste
    06                                           Paint stripper               PT Wahana Pamunah
                                                                                                        Mixing dan pencacahan
                                                                                                                                    PT Wahana Pamunah         22,940
                                                                              Limbah Industri (WPLI),                               Limbah Industri (WPLI),
                                                 B3 padat kadaluarsa          Serang                    limbah dan dikirimkan       Serang
                                                 Expired solid hazardous                                untuk diinsinerasi                                    0
                                                 waste                                                  (dibakar)
                                                                                                        Wastes are mixed and
                                                 B3 cair kadaluarsa                                     grined before sent for
                                                 Expired liquid hazardous                               incineration                                          35,500
                                                 waste

                                                 Kaleng B3 bekas                                                                                              36,450

                                                 AluminiumOxide                                                                                               5,500

                                                 Baterai bekas
                                                                                                                                                              2,308
                                                 Used battery
                                                                              PT Muhtomas, Cikarang                                 PT Muhtomas, Cikarang
Laporan Keberlanjutan - Sustainability Report




                                                 Lampu TL
                                                                                                                                                              760,5
                                                 TL Lamps

                                                 Limbah B3 Cair
                                                 Liquid Hazardous Waste

                                                                                                        Recycle menjadi solar
                                                 Bahan bakar terkontaminasi
                                                                                                        industri dan dimanfaatkan
                                                 (avtur & oli)                PT Angkasa Tunggal                                    Pelanggan
                                                                                                        kembali                                               150,900
                                                 Contaminated fuel (avtur     Selaras Nugratama                                     Customers
                                                                                                        Recycled into industrial
                                                 & oil)
                                                                                                        diesel and reuse


                                                PEMANTAUAN DAMPAK LINGKUNGAN                                          ENVIRONMENTAL IMPACT
                                                                                                                      MONITORING

                                                Perseroan memiliki Prosedur HSE 6-01 tentang                          The Company has an HSE 6-01 Procedure concerning
                                                Pemantauan dan Pengukuran Kinerja K3L dimana                          Monitoring and Measurement of K3L Performance with
                                                terdapat indikator lingkungan yang wajib dipantau dan                 environmental indicators that must be monitored and
                                                dilaporkan secara periodik melalui Laporan RKL-RPL                    reported periodically through the GMF RKL-RPL Report
                                                GMF per enam bulan yaitu:                                             every six months, namely:
                                                1. Indikator lingkungan yang dipantau per bulan:                      1. Monthly environmental indicators:
                                                    a. Influen dan effluent air limbah industri                          a. Industrial wastewater influent and effluent
                                                    b. Limbah cair domestik                                              b. Domestic liquid waste
                                                2. Indikator lingkungan yang dipantau per enam bulan:                 2. Biannually environmental indicators:
                                                    a. Udara lingkungan kerja                                            a. Work environment’s air quality
                                                    b. Udara ambien                                                      b. Ambient air
                                                    c. Kebisingan                                                        c. Noise
                                                    d. Pencahayaan                                                       d. Lighting
                                                    e. Emisi boiler                                                      e. Boiler emissions
                                                    f. Emisi isokinetik                                                  f. Isokinetic emission
                                                3. Mikrobiologi (angka kuman)                                         3. Microbiology (germs figure)
                                                    a. Indikator lingkungan yang dipantau per satu tahun:                a. Annual environmental indicators:
                                                    b. Getaran                                                           b. Vibration
                                                    c. Iklim kerja                                                       c. Work climate
                                                    d. Emisi kendaraan bermotor                                          d. Vehicle emissions
                                                    e. Ergonomi                                                          e. Ergonomics


394
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                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
KEANEKARAGAMAN HAYATI [OJK F.9,                           BIODIVERSITY [OJK F.9, F.10]
F.10]

Perseroan tidak memiliki wilayah operasional, yang        The Company does not have operational areas located
terletak atau berdekatan dengan kawasan dilindungi dan/   or adjacent to protected areas and/or biodiversity
atau kawasan konservasi keanekaragaman hayati. Akan       conservation areas. Nonetheless, the Company
tetapi, Perseroan melaksanakan program penghijauan        conducted a regular and continuous reforestation
secara rutin dan berkesinambungan untuk membantu          program to preserve the environment and reduce the
melestarikan lingkungan hidup dan mengurangi dampak       global warming impact. By the end of 2025, GMF has
pemanasan global. Pada akhir tahun 2025, GMF telah        868 trees of many varieties planted with the following
memiliki 868 pohon dalam beragam varietas dengan          information:
informasi sebagai berikut:


                                       Nama Pohon                                            Jumlah
 No.




                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                        Tree Name                                             Total
   1.   Kiara Payung                                                                                        53

  2.    Bungur                                                                                              32

  3.    Tabebuya                                                                                             21

  4.    Angsana                                                                                             24

  5.    Sengon                                                                                               14

  6.    Tanjung                                                                                             53

  7.    Sawo kecik                                                                                          20

  8.    Palem                                                                                               107

  9.    Pule                                                                                                29

  10.   Jakaranda                                                                                            8

  11.   Ketapang Kencana                                                                                     16

  12.   Bintaro                                                                                             49

  13.   Mangga                                                                                               21

  14.   Kelapa                                                                                              28

  15.   Salam                                                                                               94

  16.   Sawo Belanda                                                                                         2

  17.   Glodokan Tiang                                                                                      65

  18.   Beringin                                                                                             2

  19.   Kamboja                                                                                             54

  20.   Flamboyan                                                                                            12

  21.   Jambu                                                                                                12

  22.   Nangka                                                                                               12

  23.   Mahoni                                                                                              126

  24.   Bisbul                                                                                               9

  25.   Pinus                                                                                                5

        Jumlah
                                                                                                           868
        Total




                                                                                                                   395
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       01

                                                BIAYA TERKAIT PENGELOLAAN ASPEK                            COST ON ENVIRONMENTAL
     02                                         LINGKUNGAN HIDUP [OJK F.3, F.4]                            MANAGEMENT [OJK F.3, F.4]

                                                Biaya yang dikeluarkan Perseroan untuk mengelola           The costs spent by the Company to manage environmental
    03                                          aspek lingkungan hidup pada tahun 2025 berjumlah           aspects in 2025 amounted to Rp14,115,715,346 billion for
                                                Rp14,115,715,346 miliar untuk sejumlah kegiatan yang       a number of activities that were formulated based on
                                                telah disusun berdasarkan hasil Identifikasi Aspek         the results of the Environmental Aspects and Impacts
                                                dan Dampak Lingkungan untuk memperkecil dampak             Identification to minimize the environmental impact of
      04
                                                lingkungan dari aktivitas Perseroan yaitu:                 the Company’s activities, which included:
                                                1. Pelaksanaan Zero Budget untuk pengelolaan               1. Implementation of Zero Budget policy for Hazardous
                                                    Hazardous Waste Management                                 Waste Management.
     05                                         2. Pelaksanaan program Earth Hour                          2. Implementation of the Earth Hour program.
                                                3. Pelaksanaan audit internal berdasarkan ISO 14001:2015   3. Conducting internal audits based on ISO 14001:2015.
                                                4. Pelaksanaan audit surveillance ISO 14001:2015           4. Conducting ISO 14001:2015 surveillance audits.
    06                                          5. Pelaksanaan pengendalian dan pemantauan                 5. Carrying out environmental control and monitoring in
                                                    lingkungan, bekerjasama dengan penyedia jasa               collaboration with certified environmental laboratory
                                                    laboratorium lingkungan bersertifikasi                     service providers.
                                                6. Pelaksanaan pelaporan elektronik pengelolaan limbah     6. Submitting electronic reports on hazardous (B3)
                                                    B3 per 3 bulan kepada Kementerian Lingkungan Hidup         waste management every three months to the
                                                    dan Kehutanan melalui sistem SIMPEL Kementerian            Ministry of Environment and Forestry through the
                                                    Lingkungan Hidup dan Kehutanan                             Ministry’s SIMPEL system.
                                                7. Melakukan pengangkutan limbah secara rutin untuk        7. Conducting routine waste transportation to minimize
                                                    meminimalisir pencemaran                                   pollution.
                                                8. Penyediaan fasilitas TPS limbah organik, anorganik,     8. Providing Temporary Waste Storage (TPS) facilities
                                                    dan B3 termasuk di dalamnya kelengkapan symbol/            for organic, inorganic, and hazardous (B3) waste,
                                                    label                                                      including complete symbols/labels.
Laporan Keberlanjutan - Sustainability Report




                                                9. Penerapan program Continuous Saveing Energy             9. Implementing the Continuous Saving Energy
                                                    , yaitu pengurangan penggunaan energi Listrik              program, which includes reducing electricity
                                                    berupa pemadaman lampu ruangan kerja pada waktu            consumption by turning off office lights during break
                                                    istirahat , pengurangan AHU setelah office hours           times and reducing AHU operations after office hours
                                                    (setelah pukul 16.00 WIB)                                  (after 4:00 PM WIB).
                                                10. Penerapan program pemadaman area Perseroan             10. Implementing a company-wide area power shutdown
                                                    setiap akhir bulan selama 1 jam                            program for one hour at the end of each month.
                                                11. Penggunaan solar cell sebagai penghasil energi         11. Using solar cells as an additional energy source
                                                    tambahan yang terpasang di Gedung Maintenance              installed at the Maintenance Support Facility (MSF)
                                                    Support Facility (MSF) dan Gedung Ground Support           Building and the Ground Support Equipment (GSE)
                                                    Equipment (GSE)                                            Building.
                                                12. Kebijakan Walk to Work di area kantor dan perjalanan   12. Implementing a Walk to Work policy within the office
                                                    kedinasan dengan meminimalisir utilisasi shuttle bus       area and minimizing the use of employee shuttle
                                                    karyawan.                                                  buses for business travel.




396
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                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                     Dalam Rp
                                                                                                                         In Rp


                                                          2025                                            2024

                                                                                                                    YoY
                                   Realization                                  Realization      Realization
                                                               Target                                              2024-
                                   (Nominal)                                       (%)
                                                                                                                   2025
 Pengelolaan Lingkungan
                                      13,912,517,596           13,912,517,596           100%      8,337,455,940      166,8%
 Environmental Preservation

 Pemantauan Lingkungan
                                        122,238,750              122,238,750            100%        119,250,000      102,5%
 Environmental Monitoring

 Pelatihan, Sosialisasi, dan
 Sertifikasi Lingkungan
                                         80,959,000               88,000,000             92%         68,847,888       117,6%
 Training, Socialization, and
 Environmental Certification




                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
 Jumlah
                                    14,115,715,346        14,122,756,346             99,95%     8,525,553,828       165,5%
 Total


PENCAPAIAN TANGGUNG JAWAB                                           ACHIEVEMENT ON SOCIAL
SOSIAL TERKAIT LINGKUNGAN HIDUP                                     RESPONSIBILITY TO THE
[OJK F.15, F.16]                                                    ENVIRONMENT [OJK F.15, F.16]

Perseroan memiliki sejumlah pencapaian di bidang                    The Company earned several environmental
lingkungan hidup, salah satunya adalah sertifikasi ISO              achievements including the ISO 14001:2015 –
14001:2015 – Environmental Management System yang                   Environmental Management System certification issued
dikeluarkan oleh Sucofindo International Certification              by Sucofindo International Certification Services (SICS).
Services (SICS). Sertifikasi ini dikeluarkan tanggal 4 April        This certification was issued on April 4, 2018, and has
2018 telah diperbaharui pada tanggal 13 September                   been renewed on September 13, 2024, hence, valid
2024 dan berlaku hingga 3 April 2027.                               until April 3, 2027.

Selain sertifikasi, pengelolaan aspek lingkungan                     In addition to certification, the environmental
hidup yang sesuai dengan peraturan yang berlaku                     management is also done according to the applicable
membawa Perseroan melalui tahun 2025 tanpa terkena                  regulations and succeeded in helping the Company
denda ataupun sanksi lainnya yang berkaitan dengan                  to pass 2025 without getting fined or sanctioned for
pencemaran atau kerusakan lingkungan akibat aktivitas               environmental pollution or damage that was caused by
operasional GMF. Selain itu, pada tahun 2025, tidak                 the Company’s operation. In addition, in 2025, there
terdapat keluhan dari masyarakat sekitar Perseroan                  was no complaint in terms of environmental damage
terkait pencemaran atau kerusakan lingkungan.                       or pollution from the community around the Company.




                                                                                                                                 397
Page 398
       01

                                                Menghargai dan Melindungi Pegawai
     02
                                                Appreciation and Protection of Our Employees

    03


      04
                                                PENGUNGKAPAN MANAJEMEN TOPIK                             DISCLOSURE OF MATERIAL TOPIC
                                                MATERIAL [GRI 3-3]                                       MANAGEMENT [GRI 3-3]
     05
                                                Perjalanan GMF untuk terus bertumbuh, tidak terlepas     GMF's journey to continued growth is inseparable from
                                                dari peran pegawai. Hubungan antara Perseroan            the role of its employees. The relationship between
    06                                          dengan para pegawai saling berkaitan dan tidak           the Company and its employees is interconnected and
                                                dapat dipisahkan. Pemahaman ini membuat kami             essential. This understanding leads us to consistently
                                                selalu menghargai dan melindungi pegawai lebih dari      value and protect employees as more than just
                                                sekedar aset produktif, namun mitra terpercaya yang      productive assets; they are trusted partners who
                                                selalu dilindungi. Perseroan senantiasa mengutamakan     deserve protection. The Company always prioritizes
                                                hak-hak setiap pegawai, memperhatikan kesejahteraan      the rights of every employee, attends to their welfare,
                                                mereka, dan terutama, memastikan mereka dapat            and, above all, ensures they have opportunities for self-
                                                mengaktualisasi diri untuk dapat berkembang dan          actualization, enabling them to develop and lead better
                                                mendapatkan kehidupan lebih baik.                        lives.

                                                Perhatian Perseroan terhadap keselamatan dan
                                                kesehatan kerja (K3) diwujudkan dengan Sistem            The Company's concern for occupational safety and
Laporan Keberlanjutan - Sustainability Report




                                                Manajemen Kesehatan dan Keselamatan Kerja yang           health (K3 or OHS) is manifested by an Occupational
                                                bernama Health, Safety and Environment Policy (HSE       Health and Safety Management System called Health,
                                                Policy). Sistem ini tertuang dalam Manual Occupational   Safety and Environment Policy (HSE Policy). This
                                                Safety and Health yang didukung dengan sejumlah          system is set out in the Occupational Safety and Health
                                                prosedur terkait K3 dan formulir penunjang lainnya.      Manual which is supported by other procedures and
                                                Kebijakan K3 yang dimiliki Perseroan difokuskan untuk    supporting forms related to OHS. The Company's K3
                                                mendukung pengelolaan SDM untuk menciptakan              policy is focused to support HR management to train
                                                karyawan yang berkualifikasi, berkomitmen, dan luar      employees into qualified, committed, and outstanding
                                                biasa. K3 dimaksudkan untuk mencegah terjadinya          personnel. OHS is intended to prevent work accidents
                                                kecelakaan kerja yang cukup rentan terjadi di industri   that are quite likely to occur in the MRO industry of GMF.
                                                MRO yang dijalani GMF. [OJK F.21] [GRI 403-1]            [OJK F.21] [GRI 403-1]

                                                FOKUS PENGELOLAAN SDM TAHUN                              HR MANGEMENT FOCUS IN 2025
                                                2025

                                                GMF memiliki Visi " Most Valuable MRO Company”.          GMF has a vision to become the "Most Valuable
                                                SDM memiliki peran penting dalam mencapi Visi agar       MRO Company." Human resources play a crucial role
                                                dapat selalu menjadi bagian dari mata rantai kualitas    in realizing this vision, as they are integral to the
                                                operasional dalam menyediakan solusi perawatan           operational quality chain in delivering integrated and
                                                pesawat terbang yang terpadu dan handal.                 reliable aircraft maintenance solutions.

                                                Dalam perjalanan GMF setiap tahunnya terdapat            Each year, GMF encounters challenges and opportunities
                                                tantangan dan peluang yang membentuk strategi            that shape its HC management strategies. A pivotal
                                                pengelolaan SDM. Salah satu titik balik dari             moment in HR development occurred in 2016 when
                                                perkembangan SDM adalah pada tahun 2016                  GMF implemented the "MyHC" Program, integrating
                                                saat GMF mengaplikasikan Program “MyHC” yang             various other HR programs within the Company. Since
                                                mengintegrasikan berbagai program SDM lainnya di         then, the development of GMF's Human Capital Strategy
                                                Perseroan. Berawal dari tahun 2016, perkembangan         roadmap has undergone various advancements and by
                                                roadmap Human Capital Strategy GMF mengalami             the end of the reporting year in 2025, the development
                                                berbagai perkembangan dan pada 2025 adalah sebagai       is as follows:
                                                berikut:




398
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
•   Program literasi finansial yang dijalankan melalui         •   Financial literacy program implemented in
    kerja sama dengan instansi Bank yang diharapkan                collaboration with banking institutions, with the aim
    pegawai mendapatkan pengetahuan tambahan untuk                 of providing employees with additional knowledge
    mengelola keuangan dengan lebih baik sehingga                  to better manage their finances and thus foster a
    dapat membangun lingkungan kerja yang positif.                 positive work environment.
•   Program kolaboratif GA Group yaitu Garuda Indonesia        •   Collaborative program with the GA Group, the
    Group Culture Fest dengan mengajak pegawai GMF                 Garuda Indonesia Group Culture Fest, invites GMF
    turut berkontribusi dalam festival tersebut yang               employees to contribute to the festival, which
    meliputi kegiatan sharing knowledge dan juga                   includes knowledge sharing and employee well-
    wellbeing pegawai.                                             being activities.
•   Program budaya yang mendukung kesehatan fisik,             •   Cultural program that supports the physical, mental,
    mental, dan emosional para leaders melalui kegiatan            and emotional health of leaders through activities
    seperti Leaders Meet Up, exposure di media sosial,             such as Leaders Meet Ups, social media exposure,
    peer support, resilient training, dan Kopi Senja               peer support, resilience training, and Kopi Senja




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
    yang dilaksanakan bersama unit Leader & Talent                 (Sunset Coffee) conducted in collaboration with
    Development.                                                   the Leader & Talent Development unit.
•   Program Penilaian 360 yang dilaksanakan kembali            •   The 360-degree assessment program, implemented
    dengan metode pengukuran terhadap sejumlah                     again, using a method of measuring several
    aspek kompetensi yang mencerminkan nilai dan                   competency aspects that reflect the company's
    budaya Perusahaan.                                             values and culture.
•   Penyediaan program khusus bagi pegawai melalui             •   Providing special programs for employees through
    kerjasama terhadap Lembaga keuangan, penyedia                  collaborations with financial institutions, fitness
    pusat kebugaran dan layanan optik.                             centers, and optical service providers.
•   Program Special Greetings kepada pegawai yang              •   Special greeting program for employees appointed
    diangkat sebagai pegawai permanen sebagai bentuk               as permanent employees as a token of appreciation
    apresiasi atas pencapaian penting dalam perjalanan             for significant achievements in their careers.
    karier mereka.
•   Penyelenggaraan English Test dan Medical Check             •   The English Test and Medical Check-Up (MCU) are
    Up (MCU) yang dikelola secara langsung oleh                    administered directly by the Company, ensuring
    Perusahaan, sehingga pelaksanaan proses rekrutmen              a more integrated recruitment process, from the
    lebih terintegrasi mulai dari tahap seleksi administrasi       administrative selection stage to the final stages.
    hingga tahapan akhir.
•   Pengelolaan Sistem Manajemen Bakat (Talent                 •   Integrated Talent Pool Management through
    Pool) yang Terpadu melalui program identifikasi,               identification, development, and alignment programs
    pengembangan, dan penyelarasan individu                        for potential individuals through the Talent Pool and
    berpotensi melalui Talent Pool dan Leaders Talk                Leaders Talk to prepare future leaders aligned with
    untuk mempersiapkan calon pemimpin yang selaras                the Company's needs and strategic direction.
    dengan kebutuhan dan arah strategis Perusahaan.
•   Pengelolaan program pengembangan manajerial                •   Management of employee managerial development
    pegawai melalui Leadership School, refreshment                 programs through Leadership School, refreshment
    training, dan continuing development (LinkedIn                 training, and continuing development (LinkedIn
    Learning dan Leader Handbook).                                 Learning and the Leader Handbook).
•   Pengelolaan Assessment Center melalui digitalisasi         •   Assessment Center Management through process
    proses, review materi, dashboard monitoring untuk              digitization, material review, and dashboard
    mendukung program pengembangan talent secara                   monitoring to suppor t an integrated talent
    terintegrasi.                                                  development program.
•   Pelaksanaan kembali pembekalan masa persiapan              •   Re-implementation of employee retirement
    pensiun pegawai sebagai bagian dari komitmen                   preparation briefings as part of the Company's
    perusahaan dalam mendukung pegawai yang akan                   commitment to supporting employees approaching
    memasuki masa purnabakti.                                      retirement.
•   Peningkatan layanan kepegawaian melalui                    •   Improved employee ser vices through the
    pengembangan system MyHC dengan menambahkan                    development of the MyHC system with the addition
    fitur Employee Self Service agar memudahkan                    of an Employee Self-Service feature to facilitate
    pegawai dalam melakukan pengkinian data diri,                  employee updates on personal data, family status,
    status keluarga dan pengajuan surat keterangan                 and employment certificate submissions.
    kerja.                                                     •   Airbus A320 Neo PW1100G training capability
•   Program penambahan dan pengembangan training                   addition and development program, including
    capability Airbus A320 Neo PW1100G, mencakup                   instructors, curriculum, document access, and
    instruktur, kurikulum, akses dokumen, dan aircraft.            aircraft.



                                                                                                                           399
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       01

                                                STRUKTUR PENGELOLA SDM                                                  HC MANAGEMENT STRUCTURE
     02
                                                                         Struktur Departemen dan Tugas Pokok Human Capital Management GMF
                                                                           GMF Human Capital Management Department Structure & Main Duties
    03                                           Plays as a Strategic Partner for the Company

                                                 Corporate Culture & Knowledge Management
                                                 Performance & Rewards
      04                                         Human Capital Development
                                                 Leader & Talent Development
                                                 Human Capital Services & Payroll
                                                 Learning Services
     05


    06                                                                                          69
                                                                                                personil dalam tim | personnel in the team




                                                                                                6
                                                                                                divisi yang menangani tugas berbeda | divisions handling different tasks




                                                                                                               Human Capital
                                                                                                              Management (TH)
Laporan Keberlanjutan - Sustainability Report




                                                   Corporate Culture &
                                                                         Performance & Reward      Human Capital           Leader & Talen    Employee Services &
                                                 Knowladge Management                                                                                                 Learning Services (THW)
                                                                                (THC)            Development (THD)       Development (THL)      Payroll (THS)
                                                         (THB)




                                                                                                                                                 Employee Data
                                                                                                                                                                            Quality Training
                                                                                                                                                Quality & Services




                                                                                                                                                                          Basic Maintenance
                                                                                                                                               Travel Management
                                                                                                                                                                               Training




                                                                                                                                                                         Aircraft & Component
                                                                                                                                                Industrial Relation
                                                                                                                                                                             Type Training




                                                                                                                                               Employee Services &
                                                                                                                                                  Payroll (THS)




                                                GMF memiliki Departemen Human Capital Management                        GMF has a Human Capital Management Department
                                                yang bertanggung jawab mengelola SDM Perseroan.                         that is responsible for managing the Company's HC.
                                                Departemen ini dipimpin oleh seorang Human Capital                      This department is led by a Human Capital Management
                                                Management Group Head yang bertanggung jawab                            Group Head who reports directly to the Director of
                                                langsung kepada Direktur Human Capital & Corporate                      Human Capital & Corporate Affairs. The VP Human
                                                Affairs. VP Human Capital Management dijabat oleh                       Capital Management is Ms. Lia Yuanawati, while the
                                                Ibu Lia Yuanawati, sedangkan Direktur Sumber Daya                       Director of Human Capital is Mrs. Mitra Piranti. Their
                                                Manusia dijabat oleh Ibu Mitra Piranti. Profil mereka                   profiles are available in the Profiles of Board of Directors
                                                dapat dilihat di Profil Direksi dan Pejabat Eksekutif dalam             and Executive Officers in the Company Profile Chapter
                                                Bab Profil Perusahaan dalam Laporan Terintegrasi ini.                   of this Integrated Report.




400
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                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
STRATEGI MANAJEMEN SDM                                                   HC MANAGEMENT STRATEGY

GMF memastikan adanya hubungan yang erat antara                          GMF ensures there is a strong relations between HR
strategi manajemen SDM dan strategi manajemen                            management strategies and business management
bisnis yang terdapat pada Rencana Kerja Perusahaan                       strategies outlined in the Company's Work Plan (RKAP)
(RKAP) maupun Rencana Jangka Panjang Perusahaan                          and the Company's Long-Term Plan (RJPP), currently
(RJPP) yang saat ini berlaku. Strategi manajemen SDM                     in effect. A well-aligned HR management strategy will
yang tepat akan mendukung perkembangan usaha                             support optimal business development towards future
secara maksimal menuju keberlanjutan usaha di masa                       sustainability.
mendatang.

GMF memiliki 6 (enam) tahapan people cycle yang                          GMF follows 6 (six) stages of the people cycle as the
menjadi landasan dalam pengelolaan SDM. Landasan ini                     basis for HR management. This foundational approach
terbukti efektif untuk menjaga kapabilitas SDM dan akan                  has proven effective in maintaining HR capabilities and




                                                                                                                                               Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
terus digunakan karena kesesuaiannya dengan kondisi                      will continue to be utilized due to its suitability to the
yang saat ini dihadapi GMF. Keenam landasan tersebut                     current conditions faced by GMF. These six stages are
adalah Attracting, Utilizing, Developing, Rewarding,                     Attracting, Utilizing, Developing, Rewarding, Maintaining,
Maintaining, Terminating. Setiap tahap dari landasan                     and Terminating. Each stage of the foundation is
diimplementasikan dengan pelayanan berbudaya kerja                       implemented with the 3S (Smile, Speed, Solution) work
3S (Smile, Speed, Solution), pemanfaatan teknologi                       culture services, utilization of information technology,
informasi, peningkatan kualitas, serta Performance                       quality improvement, and Performance Security,
Security termasuk Security Device.                                       including Security Devices.


                                                  Corporate Culture Management




   Attracting                 Utilizing            Developing                Rewarding          Maintaining            Terminating

      Benefit non-                                                                              •   Career
    finansial untuk                                •   Personalized                             •   Management
                                                                         •    Reward Strategy                          •   Pension & Benefit
   mempertahankan                                      Development                              •   Succession
                          •   Manpower                                        (Base pay &                              •   Program Masa
  daya tarik terhadap                                  Program                                      Planning (Talent
                              Planning                                        Contingent Pay)                              Persiapan Pensiun
          GMF                                      •   Leader                                       pool, Successor
                          •   Multirole Program                          •    Pension and                              •   Retirement
  Non-financial benefit                                Development                                  Readiness)
                                                                         •    Benefit                                      Planning Program
    so that GMF will                               •   Training Center                          •   Employee
   remain attractive                                                                                Effectiveness




                                 )Human Capital Information System (SAP HCM Module




                                                                                                                                               401
Page 402
       01

                                                SISTEM INFORMASI HUMAN CAPITAL                                           HUMAN CAPITAL INFORMATION
     02                                                                                                                  SYSTEM


    03                                                      PERFORMANCE MANAGEMENT &
                                                                                                                                  TIME MANAGEMENT
                                                                                                                                  Work Schedule | Leave | Attendance
                                                                     GOAL MANAGEMENT
                                                                IPP | IPT | IDP | IDAP | Potential Review

                                                                                                                                                PAYROL
      04                                                                  SUCCESSION
                                                                                                                                                Payslip | Payroll Information


                                                                  RTC | Succession Chart |                    TALENT
                                                                        Assessment Result                   MANAGEMENT
                                                                                                                                                      BENEFIT
                                                                                                                                                      Ticket Concession | Mobile Reimbursement |
     05                                                                                                                                               Project Management Payment | Eyeglass
                                                                                                                                                      Reimbursement | Special Greetings | Eazy X-
                                                                                                                                                      Perience | Form Railink | Form Daycare
                                                            PROJECT MANAGEMENT
                                                              Project Monthly Achievement
                                                                                                                                                EMPLOYEE DATA UPDATE & REPORT
    06                                                                                                                                          Update Akte Kelahiran | Update Personal Data |
                                                                                                                                                Update Pendidikan | Laporan Pernikahan |
                                                                                                                                                Laporan Kelahiran | Laporan Perceraian |
                                                                                                                                                Laporan Kematian | Laporan Perubahan
                                                                                COMPENSATION                                                    Status Anak
                                                                                Short Term Incentive |
                                                                                Long Term Incentive |
                                                                             Bonuses | Flexible Benefit                            CHAT BOT
                                                                                                                                  Bridging FAQ MS Team




                                                 GMF menerapkan Human Capital Information System                         GMF implements a Human Capital Information System
                                                (HCIS) untuk membantu mengelola Departemen Human                         (HCIS) to help the Human Capital Management
                                                Capital Management mengelola SDM. HCIS berfungsi                         Depar tment manages the HC operation. HCIS
                                                sebagai strategic business partnership untuk mendukung                   functions as a strategic business partner to support
                                                daily operation dalam rangka menjaga produktivitas                       daily operations, particularly in maintaining productivity
                                                melalui pengelolaan manpower optimization dan                            through manpower optimization and manhour efficiency.
Laporan Keberlanjutan - Sustainability Report




                                                manhour efficiency. HCIS (MyHC) telah berjalan sejak                     HCIS (MyHC) has been running since 2022, featuring
                                                tahun 2022 dengan menampilkan fitur-fitur seperti new                    features such as a new landing page, talent management,
                                                landing page, talent management, booklet benefit, dan                    benefit booklets, and KM Portal.
                                                KM Portal.

                                                Perseroan menggunakan sistem HCIS secara menyeluruh                      The Company utilizes the fully integrated HCIS
                                                dan terintegrasi dengan dukungan aplikasi teknologi                      system on all operational aspects, supported by
                                                modern – mobile, user experience, social collaboration,                  advanced technology – mobile, user experience,
                                                analytics untuk mendukung pengelolaan SDM. Prinsip                       social collaboration, analytics. The principles of HCIS
                                                perkembangan HCIS berpedoman pada:                                       development are guided by :
                                                1. Performance Management: Streamline Talent                             1. Performance Management : Streamline Talent
                                                   Management by myHC                                                       Management by myHC
                                                2. Transaction Excellent: Streamline Core HR and                         2. Transaction Excellent: Streamline Core HR and
                                                   Employee Services by SAP HCM & myHC MobileApps                           Employee Services by SAP HCM & myHC MobileApps
                                                3. Support SAP Swift MRO: Streamline Capacity                            3. Support SAP Swift MRO: Streamline Capacity
                                                   Planning & PEU                                                           Planning & PEU

                                                Perkembangan HCIS memberikan sejumlah manfaat                            Updating HCIS offers numerous benefits to support GMF
                                                untuk mendukung GMF mengambil keputusan yang                             in making quick and appropriate decisions for developing
                                                cepat dan tepat dalam mengembangkan SDM secara                           human resources in a transparent and objective manner.
                                                transparan dan obyektif. SAP SuccessFactor dan                           Utilizing SAP SuccessFactor and myHC helps GMF maintain
                                                myHC membantu GMF menjaga kualitas database                              the quality of the employee database through shared
                                                pegawai (sharing responsibility). Aplikasi ini juga dapat                responsibility. Additionally, this application streamlines
                                                mengurangi pekerjaan administrasi sehingga para leader                   administrative tasks, enabling leaders to focus more on
                                                dapat lebih fokus memberikan konsultasi dan mengawal                     providing consultations and overseeing the implementation
                                                pelaksanaan strategi Human Capital (empowerment).                        of Human Capital strategies for empowerment.

                                                Pada tahun 2025, Perseroan terus meningkatkan                            In 2025, the Company has always increased the HCIS
                                                kapasitas HCIS sesuai dengan perkembangan dan                            according to the industry developments and challenges
                                                tantangan industri dengan fitur baru yaitu:                              with new feature:
                                                1. Modul Compensation                                                    1. Compensation Module
                                                2. Penilaian kinerja 360                                                 2. 360 Performance Appraisal
                                                3. Employee Self Service                                                 3. Employee Self Service




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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
REKRUTMEN [GRI 401-1]                                      RECRUITMENT [GRI 401-1]

                                           Metode Perekrutan Karyawan
                                           Employee Recruitment Methods


                                                Karyawan GMF
                                                  GMF Employees



                                Rekrutmen Internal          Rekrutmen Eksternal
                                 Internal Recruitment        External Recruitment




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                 Mutasi        Promosi       Make           Buy
                                Mutation      Promotion      Make            Buy




Metode Perekrutan Karyawan                                 Employee Recruitment Methods
Secara spesifik, sepanjang tahun 2025, GMF melakukan       Throughout 2025, GMF specifically carried out employee
perekrutan karyawan guna memenuhi MPP (Manpower            recruitment to fulfill Manpower Planning (MPP) through
Planning) melalui beberapa cara.                           several approaches.

Berdasarkan pemetaan MPP, selanjutnya ditindaklanjuti      Based on MPP mapping, the next step was to fulfill
dengan melakukan pemenuhan kebutuhan dari internal         workforce needs internally first. As part of career
perusahaan terlebih dahulu. Sebagai salah satu bentuk      development, employees with the appropriate
pengembangan karir, karyawan yang memiliki kapabilitas     capabilities could undergo cross-department transfers
yang sesuai dapat melakukan mutasi lintas dinas            to support the Company’s business targets. In addition
sehingga dapat mendukung pemenuhan target bisnis           to transfers, employees who demonstrated outstanding
Perseroan. Selain melakukan mutasi, karyawan yang          performance and met the requirements for higher
menunjukkan performa kerja terbaik serta memenuhi          positions were given the opportunity for promotion to
persyaratan jabatan yang lebih tinggi diberi kesempatan    contribute more actively to the Company.
untuk promosi agar bisa memberikan kontribusi lebih
aktif di dalam Perseroan.

Selain melakukan promosi serta mutasi karyawan, cara       In addition to promotions and employee transfers, GMF
lain yang dilakukan GMF guna memenuhi MPP yaitu            also conducted external recruitment to fulfill MPP. In
dengan melakukan rekrutmen eksternal. Pada tahun           2025, recruitment was carried out through make and/
2025, proses rekrutmen dilakukan dengan melakukan          or buy approaches.
make dan/atau buy.

Rekrutmen make dilakukan dengan memilih kandidat           The make recruitment approach involved selecting
fresh graduate dari lulusan D3, dan Perguruan Tinggi.      fresh graduates from D3 and university programs. Once
Setelah diangkat, nantinya mereka akan mengikuti           hired, they would undergo various development stages
berbagai tahap pengembangan sesuai dengan                  according to company policies. GMF collaborated with
ketentuan. GMF bekerja sama dengan sejumlah institusi      several institutions to acquire the best candidates.
untuk mendapatkan kandidat terbaik. Melalui rekrutmen      Through the make recruitment approach, GMF aimed
make, GMF bertujuan untuk mencetak teknisi, engineer,      to develop technicians, engineers, planners, and
planner, dan inspector.                                    inspectors.

Rekrutmen buy lebih difokuskan kepada kandidat             The buy recruitment approach focused on professional/
profesional/ahli yang nantinya akan diperkenalkan          expert candidates, who would be introduced directly to
langsung dengan bisnis, organisasi, sistem dan prosedur,   GMF’s business, organization, systems and procedures,
serta budaya perusahaan dari GMF. Rekrutmen buy            and corporate culture. The buy recruitment approach
digunakan saat Perseroan membutuhkan karyawan              was used when the company required employees at
pada level tertentu seperti aircraft maintenance           specific levels, such as aircraft maintenance engineers,
engineer, internal auditor, treasury management, Legal     internal auditors, treasury management personnel, and
& Corporate Governance Expert.                             Legal & Corporate Governance Experts.




                                                                                                                      403
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       01

                                                Seluruh calon karyawan GMF wajib memenuhi syarat         All GMF job candidates were required to meet the
     02                                         yang ditetapkan oleh Perseroan, yakni berusia minimum    company’s stipulated conditions, including a minimum
                                                18 tahun sesuai ketentuan Undang-Undang No. 13 Tahun     age of 18 years, in accordance with Law No. 13 of 2003
                                                2003 tentang Ketenagakerjaan Pasal 68 dan Konvensi       on Employment, Article 68, and ILO Convention 138 on
    03                                          ILO 138 tentang Usia Minimum untuk Diperbolehkan         the Minimum Age for Admission to Employment. GMF
                                                Bekerja. GMF juga tidak menerapkan praktik kerja         also did not practice forced labor, as employee working
                                                paksa karena jam kerja karyawan telah ditetapkan dalam   hours were contractually regulated in compliance with
                                                kontrak sesuai dengan undang-undang ketenagakerjaan      labor laws. These requirements also applied to GMF’s
      04
                                                yang berlaku. Persyaratan ini juga berlaku bagi mitra    business partners. Throughout 2025, GMF did not recruit
                                                kerja yang bekerja sama dengan Perseroan. Sepanjang      underage employees (under 18 years old), ensuring that
                                                tahun 2025, GMF tidak pernah merekrut karyawan di        no incidents of underage employment occurred within
     05                                         bawah umur (di bawah 18 tahun) sehingga tidak terdapat   the company or its partner organizations. [OJK F.19]
                                                insiden karyawan di bawah umur yang dipekerjakan         [ESG S-10]
                                                oleh Perseroan maupun mitra kerja yang bekerja sama
    06                                          dengan Perseroan. [OJK F.19] [ESG S-10]

                                                Program Management Trainee                               Rookie Development Program
                                                Rookie Development Program (RDP) pertama kali            The Rookie Development Program (RDP) was first
                                                dilaksanakan tahun 2023. Ini adalah sebuah program       implemented in 2023. This is a two-year program
                                                yang dilaksanakan selama dua tahun untuk membekali       designed to equip Rookies (new employees) with
                                                Rookies (karyawan baru) dengan pengetahuan,              knowledge, leadership skills, and attitudes aligned with
                                                leadership skill dan attitude yang selaras dengan        AKHLAK BUMN values, ensuring they are prepared for
                                                AKHLAK BUMN agar siap ditempatkan di perusahaan          placement in companies within the Garuda Indonesia
                                                yang tergabung di Garuda Indonesia Group pada            Group across various positions, such as Engineering,
                                                berbagai posisi seperti Engineering, Planning dan        Planning, and Business Support.
                                                Business Support.
Laporan Keberlanjutan - Sustainability Report




                                                Hasil Rekrutmen 2025                                     2025 Recruitment
                                                Pada tahun 2025, GMF telah melakukan rekrutmen           In 2025, GMF recruited 275 new permanent and non-
                                                terhadap 275 karyawan baru tetap dan tidak tetap.        permanent employees. These numbers are equal to 5,5%
                                                Jumlah tersebut setara 5,5% dari jumlah keseluruhan      of total number of employees in 2024. [ESG G-03]
                                                karyawan pada tahun 2025. [ESG G-03]

                                                Rekrutmen ini mengalami penurunan sebesar 56,4%          This recruitment saw a 56,4% decrease compared to
                                                dibandingkan rekrutmen tahun 2024 saat GMF               2024, when GMF hired 631 new employees. The decline
                                                melakukan rekrutmen 631 karyawan baru. Penurunan         in recruitment was primarily due to adjustments to the
                                                rekrutmen ini terutama dipengaruhi oleh penyesuaian      selection process in 2025, with the entire recruitment
                                                tahapan proses seleksi pada tahun 2025, dimana seluruh   process now fully managed by GMF, including the
                                                proses rekrutmen dikelola secara penuh oleh GMF,         English Test and Medical Check-Up (MCU), which were
                                                termasuk pelaksanaan English Test dan Medical Check      administered directly by the company. Furthermore,
                                                Up (MCU) yang diselenggarakan secara langsung oleh       limited participant capacity for the English Test and
                                                perusahaan. Selain itu, keterbatasan kapasitas peserta   Psychometric Test phases necessitated a phased
                                                pada tahap English Test dan Psikotes menyebabkan         implementation of the tests, limiting the number of
                                                pelaksanaan tes harus dilakukan secara bertahap,         candidates that could be processed at any one time and
                                                sehingga jumlah kandidat yang dapat diproses dalam       extending the recruitment process relatively significantly
                                                satu waktu menjadi lebih terbatas dan durasi proses      compared to the previous year.
                                                rekrutmen relatif lebih panjang dibandingkan tahun
                                                sebelumnya.




404
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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                         Perekrutan Berdasarkan Level Jabatan
                                                Recruitment by Position
                                                                             Status Karyawan
                                                                             Employee Status
                      Keterangan
                                                                    2025                        2024
                      Description
                                                          Tetap          Tidak Tetap     Tetap         Tidak Tetap
                                                        Permanent          Contract    Permanent         Contract
 Level Professional                                                 31            21            32             254

 Level Engineer                                                     16           52             14              78

 Level Technician                                                   62           93                4           249

Jumlah                                                       EMPLOYEE
                                                               109    TURNOVER
                                                                       166                      50             581
Total




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                             GMF calculates the employee turnover rate annually
TINGKAT PERPUTARAN PEGAWAI                                   as one of the bases for implementing appropriate HC
                                                             management practices, with a focus on optimizing
GMF menghitung tingkat perputaran pegawai (turnover)         productivity and ensuring employee loyalty. The
setiap tahunnya sebagai salah satu dasar untuk               results of the turnover rate calculation also indicate
menerapkan manajemen SDM yang tepat, berfokus                GMF's competitiveness as the primary destination for
pada optimalisasi produktivitas dan memastikan               job seekers in the MRO industry nationally. Despite
loyalitas pegawai. Hasil perhitungan turnover rate juga      not facing stiff competition from other MRO players
menunjukkan tingkat kompetitif GMF sebagai perusahaan        nationally, GMF ensures that employees feel satisfied
tujuan utama para pencari kerja di industri MRO secara       working at the Company.
nasional. Walaupun tidak memiliki persaingan yang ketat
dengan pemain MRO lainnya secara nasional, namun
GMF juga memastikan bahwa para pegawai merasa puas           The number of employees who left the Company during
bekerja di Perseroan.                                        2025 was 224 individuals or 4,46 % of the total number
                                                             of employees in 2025. [ESG S-03]
Jumlah karyawan yang meninggalkan Perseroan selama
tahun 2025 adalah 224 orang atau 4,46% dari jumlah           COMPETENCY DEVELOPMENT
keseluruhan karyawan pada tahun 2025. [ESG S-03]             [OJK F.22]

PENGEMBANGAN KOMPETENSI
[OJK F.22]

                               Mekanisme Pengembangan Kompetensi Karyawan GMF
                               Mechanism of GMF Employee Competency Development




                                                    Training Need
                                                       Analysis




                                     Knowledge                             Learning
                                    Management                              Service




                                                                                                                      405
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       01
                                                Knowledge Management                                                            Learning Services
     02                                         Program ini bertujuan untuk meningkatkan pengetahuan dan                        Dilakukan untuk pegawai GMF sesuai dengan peraturan yang
                                                keterampilan pegawai agar dapat memiliki daya saing tinggi. Poin                berlaku untuk industri perawatan pesawat. GMF senantiasa
                                                penting di sini adalah adanya media transfer pengetahuan yang                   meningkatkan kompetensi pegawai melalui Annual Training Program
                                                dapat diakses seluruh pegawai untuk mengoptimalkan proses                       yang mencakup Technical Training dan Leadership & Management
    03                                          peningkatan kemampuan. Terdapat knowledge management portal                     Training. Technical Training berlaku bagi seluruh pegawai GMF.
                                                yang dapat digunakan pegawai untuk mengakses berbagai macam                     This program is meant to update the knowledge of GFM employees
                                                pengetahuan yang dapat menunjang proses kerja, terutama yang                    with the latest regulation in the aircraft maintenance industry. GMF
      04                                        berkaitan dengan aktivitas perawatan pesawat.                                   always try to enhance the competencies of its employes through
                                                This program is designed to enhance the knowledge and skills of                 Annual Training Program that includes Technical Training and
                                                employees to have high level of competitiveness. The important                  Leadership & Management Training. Technical Training applies to
                                                point here is to have a channel for knowledge transfer that is                  all employees.
     05                                         accessible for all employees to optimize the process of knowledge
                                                enhancement. The Company also owns a knowledge management                       Leadership & Management Training diberikan untuk posisi manajerial
                                                portal for employees to gain knowledge on various information to                dan mengacu pada ketentuan GMF Leadership Academy melalui
                                                improve their working process, especially those related to aircraft             Leadership & Managerial Development Program (LMDP) sebagai
    06                                          maintenance.                                                                    berikut:
                                                                                                                                Leadership & Management Training is given to employees who are in
                                                Aktivitas program adalah:                                                       the managerial position with training material that refer to the GMF
                                                • Sharing Session;                                                              Leadership Academy thugh Leadership & Managerial Development
                                                • Penulisan artikel;                                                            Program (LMDP) as follows:
                                                • Forum Diskusi;                                                                • Formal Master Education (S2)
                                                • Ceria Inspirasi;                                                              • Emerging Leadership Program (ELP)
                                                • Dokumentasi Best Practice;                                                    • Operational Leadership Program (OLP)
                                                • Konten edukasi Instagram: Self Development, Aircraft Fact,                    • Strategic Leadership Program (SLP)
                                                    Innovation Corner.                                                          • Certified Business Management (CBM)
                                                The activities of the programs are as follows:                                  • MRO Finance
                                                • Sharing Session;                                                              • MRO Management
                                                • Article Writing;
                                                • Discussion Forum;
                                                • Inspirational Story;
                                                • Best Practice Documentation;
Laporan Keberlanjutan - Sustainability Report




                                                • Instagram education content: Self Development, Aircraft Fact,
                                                    Innovation Corner.



                                                                                   Pengembangan Kompetensi Berdasarkan Level Jabatan
                                                                                          Competency Development by Position
                                                   Level                                                                                                                        Jumlah Peserta
                                                                  Jenis Pelatihan             Nama Pelatihan                                Tujuan Pelatihan
                                                  Jabatan                                                                                                                         Number of
                                                                   Training Type               Training Name                                Training Purpose
                                                  Position                                                                                                                        Participants
                                                                                                                                 Diperuntukkan bagi para Group Head atau
                                                                                                                                 talent Group Head, untuk belajar terkait
                                                                                                                                 peran kepemimpinan & cara mengelola
                                                                                         S t r a te g i c L e a d e r s h i p
                                                Group Head       Leadership Training                                             team, juga untuk memastikan semua                      25
                                                                                         Program
                                                                                                                                 Indikator Kinerja Utama dapat didelegasikan
                                                                                                                                 serta diterapkan dengan benar agar target
                                                                                                                                 keberhasilan perusahaan dapat tercapai.

                                                                                                                                 Diperuntukkan bagi para Division Head atau
                                                                                                                                 talent Division Head, untuk belajar terkait
                                                                                                                                 peran kepemimpinan & cara mengelola
                                                                                         Operational Leadership
                                                Division Head    Leadership Training                                             team, juga untuk memastikan semua                      29
                                                                                         Program
                                                                                                                                 Indikator Kinerja Utama dapat didelegasikan
                                                                                                                                 serta diterapkan dengan benar agar target
                                                                                                                                 keberhasilan perusahaan dapat tercapai.

                                                                                                                                 Diperuntukkan bagi para Department
                                                                                                                                 Head atau talent Department Head, untuk
                                                                                                                                 belajar terkait peran kepemimpinan & cara
                                                                                         Foundational Leadership                 mengelola team, juga untuk memastikan
                                                                 Leadership Training                                                                                                    35
                                                                                         Skill                                   semua Indikator Kinerja Utama dapat
                                                                                                                                 didelegasikan serta diterapkan dengan
                                                Department                                                                       benar agar target keberhasilan perusahaan
                                                Head                                                                             dapat tercapai.

                                                                                                                                 Diperuntukkan bagi para Manager atau
                                                                                                                                 talent Manager, terutama yang mempunyai
                                                                 Management Training     MRO Finance                             latar belakang non-financial untuk dapat               32
                                                                                                                                 memahami financial management pada
                                                                                                                                 MRO.




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                                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                  Pengembangan Kompetensi Berdasarkan Level Jabatan
                                         Competency Development by Position
   Level                                                                                                             Jumlah Peserta
                    Jenis Pelatihan         Nama Pelatihan                      Tujuan Pelatihan
  Jabatan                                                                                                              Number of
                     Training Type           Training Name                      Training Purpose
  Position                                                                                                             Participants
                                                                     Diperuntukkan bagi Manager atau talent
                                                                     Manager untuk belajar tentang pengelolaan
                   Management Training   MRO Management              penyedia perawatan (MRO) berdasarkan                    77
                                                                     dengan regulasi terkini, tren bisnis MRO, dan
                                                                     praktik terbaik dalam manajemen MRO.

                                         Bachelor Graduate
                                                                     Sebagai pengembang kemampuan dan ilmu                   -
                                         Development
                                                                     karyawan di jenjang Pendidikan formal.
                                         Post Graduate Development                                                           -

                                         Orientation Training                                                               500




                                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                   Formal Education to   Basic Competency Training                                                         4.315
                   pursue Bachelor’s
Staff                                    Job Competency Training                                                            744
                   and Master’s Degree                               Berbagai macam program pelatihan yang
                   Training              Continuation / Mandatory    harus dilalui oleh para staff bagian dari
                                                                                                                           4.418
                                         Training                    pelatihan dasar dan pengembangan ilmu
                                                                     sesuai jabatan.
                                         Task Competency Training                                                          1.052

                                         Supervisory Training                                                                -

                                         External Training                                                                  415

Jumlah
                                                                                                                          11.642
Total




     Pelaksanaan Program
                                                Pelaksanaan Program Learning                      Pelaksanaan Leadership
  Knowledge Management 2025
                                                       Services 2025                                   Training 2025
        Knowledge Management
                                                 Program Learning Services in 2025            Leadership Training Program in 2025
           Program in 2025


  • 354 kali sharing session telah               • 34 kelas Technical Training |               • 70% pejabat struktural dan 30%
    dilaksanakan | times of sharing                Technical Training classes                    talent mendapatkan leadership
    session                                      • 7 batch Leadership & Management               training | 70% structural officers and
  • 80 dokumentasi inspirational story             Training                                      30% talent followed the leadership
    telah disebarkan | best practice                                                             training
    documentation disseminated
  • 147 Dokumentasi best practice
    telah disebarkan
  • 56 buah artikel telah disebarkan |
    articles disseminated




                                              Ringkasan Pelatihan Karyawan 2025
                                              Employee Training Summary in 2025
                                 Keterangan                                           Jumlah Event              Jumlah Peserta
                                 Description                                           Total Events            Total Participants
Learning Service

Orientation Training                                                                                    5                           500

Basic Competency Training                                                                            272                           4.315

Job Competency Training                                                                                68                           744

Task Competency Training                                                                               33                          1.052

Continuation/Mandatory Training and Remedial Training                                                483                           4.418

Training for Leaders

Leadership Skill                                                                                        3                            89

MRO Finance                                                                                             1                            32

                                                                                                                                           407
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       01

                                                                                                 Ringkasan Pelatihan Karyawan 2025
     02                                                                                          Employee Training Summary in 2025
                                                                                  Keterangan                                      Jumlah Event         Jumlah Peserta
                                                                                  Description                                      Total Events       Total Participants
    03                                           MRO Management                                                                                   3                        77

                                                 Mandatory Training

      04                                         Initial Human Factors in Aircraft Maintenance                                                  19                     331

                                                 Safety Management System Awareness                                                             16                     328

                                                 Regulation 145                                                                                 21                     395
     05
                                                 Dangerous Goods Awareness                                                                      10                     220

                                                 Fuel Tank Safety                                                                               13                     269
    06
                                                 Quality System                                                                                 19                     314



                                                                                Rata-rata Jam Pelatihan dan Pengembangan Karyawan [S-05]
                                                                                 Average Hour of Employee Training and Development [S-05]
                                                     Rata-Rata Jam                  Jumlah Karyawan Berpartisipasi            Persentase Jumlah Karyawan Berpartisipasi
                                                 Pelatihan per Karyawan                dalam Program Pelatihan                         dalam Program Pelatihan
                                                  Average Training Hour              Total Employees Participated in           Percentage of Total Employees Participated
                                                      per Employee                          Training Programs                            in Training Programs
                                                 2,5 jam/karyawan
                                                                                                                     11.806                                          95,2%
                                                 2,5 hour/employee
Laporan Keberlanjutan - Sustainability Report




                                                Biaya Pengembangan Kompetensi                                        Competency Development Cost
                                                Re a l i s a s i b i aya p e n g e m b a n g a n ko m p e te n s i   In 2025, the Company spent Rp4.997.420.505,- to
                                                karyawan pada tahun 2025 tercatat sebesar sebesar                    improve the competencies of its employees, 36,1%
                                                Rp4.997.420.505,- meningkat 36,1% dibandingkan tahun                 higher compared to Rp3.672.171.450,- spent in 2024
                                                2024 sebesar Rp3.672.171.450,-. Peningkatan ini terjadi              This increase occurred in line with the increase in the
                                                seiring dengan bertambahnya jumlah peserta training                  number of training participants, influenced by the
                                                yang dipengaruhi oleh rekrutmen karyawan baru serta                  recruitment of new employees and mandatory training
                                                kewajiban pelatihan sebagai persyaratan promosi                      requirements for job promotions.
                                                jabatan.

                                                Selain itu, peningkatan biaya juga dipengaruhi oleh                  Furthermore, the increase in costs was also influenced
                                                kebutuhan pemenuhan compliance dan regulasi,                         by compliance and regulatory requirements, including
                                                termasuk pelaksanaan corrective training. Di sisi lain,              the implementation of corrective training. Furthermore,
                                                terdapat kenaikan biaya vendor dan sertifikasi akibat                there were increases in vendor and certification costs
                                                inflasi, serta adanya strategi investasi jangka panjang              due to inflation, as well as the company's long-term
                                                perusahaan melalui pengembangan kapabilitas baru                     investment strategy through developing new capabilities
                                                sebagai persiapan ekspansi bisnis.                                   in preparation for business expansion.



                                                Pelatihan Organ Tata Kelola Perseroan                                Training for Corporate Governance
                                                [OJK E.2] [GRI 2-17]                                                 Organ [OJK E.2] [GRI 2-17]
                                                Pengembangan kompetensi juga berlaku untuk setiap                    The Company also improves the competencies of its
                                                organ tata kelola Perseroan melalui serangkaian program              governance bodies through a series of external training
                                                pelatihan dari pihak eksternal. Pelatihan ini dilakukan              programs. Through this training, the Company hopes that
                                                untuk mendukung kompetensi setiap anggota dalam                      all members can improve their competencies to do what
                                                menjalankan tugas dan kewajibannya untuk mendukung                   must be done to support Good Corporate Governance
                                                Tata Kelola Perusahaan yang Baik serta memastikan                    implementation and ensure business continuity.
                                                keberlangsungan usaha dalam jangka panjang.




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                                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Informasi mengenai pendidikan atau pelatihan bagi                  Information concerning the training and education
Dewan Komisaris, Direksi, Komite-komite, Sekretaris                programs until the end of 2025 for the Board of
Perusahaan, dan Audit Internal sampai dengan akhir                 Commissioners, the Board of Directors, Committees,
tahun 2025 dapat dilihat dalam informasi berikut, yang             Corporate Secretary, and Internal Audit, are available in
mencakup mengenai program pelatihan dan pihak                      the following information, which covers the information
pemberi pelatihan. Tidak semua organ Perseroan                     regarding training and program and organizers. Not all
mengikuti pelatihan dan GMF tidak mengadakan                       Company organs participated in the training and GMF
pelatihan-pelatihan khusus untuk organ-organ tersebut,             did not organize any particular training programs for
namun masing-masing anggota tetap mengikuti                        those organs, but each member still followed the current
perkembangan industri yang berlaku.                                industrial development.


                                              Dewan Komisaris dan Komite
                                         Board of Commissioners and Committees
                    Nama dan Jabatan                                                    Program Pelatihan




                                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                    Name and Position                                                    Training Program
Menjabat hingga 5 Juni 2025
Served until June 5, 2025

•   Dharmadi
    Komisaris Utama
    President Commissioner
•   Rahmat Hanafi
    Komisaris
                                                                  Topik Pelatihan: Business Judgement Rules
    Commissioner
                                                                  Narasumber dari PT Sinergi Daya Prima, yang diadakan pada 3
•   Abhan
                                                                  Januari 2025.
    Komisaris Independen
    Independent Commissioner
                                                                  Training Subject: Business Judgement Rules
•   Ali Gunawan
                                                                  Speaker from PT Sinergi Daya Prima, organized on January 3, 2025.
    Komisaris Independen
    Independent Commissioner
•   Agit Atriantio
    Komisaris Independen
    Independent Commissioner

Menjabat per 31 Desember 2025
Serving as of December 31, 2025

•   Oki Yanuar
    Komisaris Utama
    President Commissioner
•   Giring Ganesha Djumaryo
    Komisaris
    Commissioner                                                  Topik Pelatihan: Master Class Risk Governance & QRGP Certification
•   Dean Arslan                                                   Narasumber dari CRMS Indonesia, yang diadakan pada 3 Desember
    Komisaris Independen                                          2025.
    Independent Commissioner
•   Edward Okky Avianto                                           Training Subject: Master Class Risk Governance & QRGP Certification
    Anggota Komite Audit                                          Speaker from CRMS Indonesia, organized on December 3, 2025.
    Member of Audit Committee
•   Sugiharto Prapto
    Anggota Komite Pemantau Risiko dan Tata Kelola Terintegrasi
    Member of Risk Monitoring and Integrated Governance
    Committee




                                                                                                                                        409
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       01

                                                                                                           Direksi
     02                                                                                               Board of Directors
                                                                     Nama dan Jabatan                                                Program Pelatihan
                                                                     Name and Position                                                Training Program
    03                                          Menjabat hingga 5 Juni 2025
                                                Served until June 5, 2025

                                                •   Irvan Pribadi
      04                                            Direktur Base Operation
                                                    Director of Base Operations
                                                •   Mukhtaris                                                   Topik Pelatihan: Business Judgement Rules
                                                    Direktur Line Operation                                     Narasumber dari PT Sinergi Daya Prima, yang diadakan pada 3
     05                                             Director of Line Operation                                  Januari 2025.
                                                •   Pudjo Sarwoko
                                                    Direktur Human Capital & Corporate Affairs                  Training Subject: Business Judgement Rules
                                                    Director of Human Capital & Corporate Affairs               Speaker from PT Sinergi Daya Prima, organized on January 3, 2025.
    06                                          •   Salusra Satria
                                                    Direktur Keuangan
                                                    Director of Finance

                                                Menjabat per 31 Desember 2025
                                                Serving as of December 31, 2025

                                                                                                                Topik Pelatihan: Business Judgement Rules
                                                                                                                Narasumber dari PT Sinergi Daya Prima, yang diadakan pada 3
                                                Andi Fahrurrozi
                                                                                                                Januari 2025.
                                                Direktur Utama
                                                CEO
                                                                                                                Training Subject: Business Judgement Rules
                                                                                                                Speaker from PT Sinergi Daya Prima, organized on January 3, 2025.
Laporan Keberlanjutan - Sustainability Report




                                                                                                    Sekretaris Perusahaan
                                                                                                     Corporate Secretary
                                                                     Nama dan Jabatan                                                Program Pelatihan
                                                                     Name and Position                                                Training Program
                                                                                                                Topik Pelatihan: Business Judgement Rules
                                                                                                                Narasumber dari PT Sinergi Daya Prima, yang diadakan pada 3
                                                Rian Fajar Isnaeni                                              Januari 2025.
                                                Corporate Secretary & Legal Group Head
                                                                                                                Training Subject: Business Judgement Rules
                                                                                                                Speaker from PT Sinergi Daya Prima, organized on January 3, 2025.




410
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                                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
Audit Internal                                                            Internal Audit

Sebanyak 17 peserta mengikuti pelatihan, terdiri dari berbagai
                                                                        A total of 17 participants took part in the training, comprising various
tingkat profesi audit. Peserta pelatihan: Internal Audit Group
                                                                        levels of audit pofessionals. The training participants are: VP Internal
Head, Operation & IT Audit Division Head, Corporate & Financial
                                                                        Audit, Operation & IT Audit and Corporate & Financial Audit, Senior
Audit Division Head, Senior Auditor, dan Auditor. Berikut ini adalah
                                                                        Auditors, Auditors. The following is the information regarding the
informasi mengenai program pelatihan yang diikuti oleh Internal Audit
                                                                        training program of VP Internal Audit, and a summary of the training
Group Head, serta ringkasan pelatihan yang diikuti oleh anggota
                                                                        followed by other member of Internal Audit:
Internal Audit lainnya:

Deddy Fezantino
Internal Audit Group Head
• Economic and Taxation Outlook 2025: Ikatan Akuntan Indonesia
• Risk in Focus 2025 Indonesia: The Institute of Internal Auditors
• Going Concern Opinion dalam Audit: Tantangan dan implikasi Praktis: Studi Profesionalisme Akuntan Fakultas Ekonomi & Bisnis
    Universitas Indonesia
• Certified Risk Management Professional: RAP Indonesia




                                                                                                                                                   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
• Elevating Performance and Adding Value Get to Know the New Cybersecurity Topical Requirement: The Institute of Internal Auditors
• The 26th Indonesia Accounting Fair International Seminar: Fakultas Ekonomi dan Bisnis UI
• Marketing 101 For Finance Professionals: Ikatan Akuntan Indonesia
• Alternatif Pendanaan Pembangunan Melalui KPBU untuk Mengatasi Tekanan Fiskal Pemerintah dan Mempercepat Ketersediaan
    Pelayanan Publik: Ikatan Akuntan Indonesia
• DE PSAK 414, Penurunan Nilai Aset Keuangan Syariah bagi Entitas yang Menerapkan Standar Akuntansi Keuangan Indonesia untuk
    Entitas Privat: Ikatan Akuntan Indonesia
• Manajemen PPh Orang Pribadi untuk Tahun Pajak 2024 & 2025: Pratama Indomitra Konsultan
• Transparansi dan Akuntabilitas dalam Sistem Jaminan Produk Halal: Ikatan Akuntan Indonesia
• Data Science 101 for Business & Finance Professionals: Ikatan Akuntan Indonesia
• Resilient Business Models: Thriving in Uncertainty through Agile Innovation: Ikatan Akuntan Indonesia
• Establishing an Effective Technique for Internal Audit: Ikatan Akuntan Indonesia
• Tata Kelola Keuangan UMKM “Teori & Praktik”: Ikatan Akuntan Indonesia
• Permenkop UKM 2/2024: Kebijakan Akuntansi Koperasi & Peran KJA Pada Koperasi: Ikatan Akuntan Indonesia
• Arah Kebijakan Pengampunan Pajak: Ikatan Akuntan Indonesia
• Penerapan Akuntansi Entitas Investasi: Ikatan Akuntan Indonesia
• BSE Masterclass “Global Trade Tensions: Turning Crisis into Opportunity”: BUMN School of Excellence
• Speaking Confidently and Effectively: LinkedIn Learning
• Onboard New Customers for Loyalty, Engagement, and Expansion: LinkedIn Learning
• Risk Maturity Index: GITC
• Kode Etik Akuntan Indonesia: Ikatan Akuntan Indonesia
• Tata Kelola Penyelenggaraan Haji dan Umrah yang Akuntabel: Ikatan Akuntan Indonesia
• The Future of Corporate Governance: A Balance Between Power, Purpose, and Principles: MRT Jakarta
• Mitigasi Risiko Dalam Transformasi Digital: LSPMR
• ISSA 5000 Unveiled: Elevating the Future of Sustainability Assurance in Indonesia: SPA FEBUI
• PSAK 414: Penurunan Nilai Aset Keuangan Syariah bagi Entitas yang Menerapkan Standar Akuntansi Keuangan Indonesia untuk
    Entitas Privat: Ikatan Akuntan Indonesia
• Melampaui ketidakpastian: Peran strategis K/L,Pemda,dan BUMN, dalam menentukan Batas Risiko Pembangunan Nasional: LSPMR
• Reviu Mutu KJA: Ikatan Akuntan Indonesia
• Insights from the World’s Top CIA Scorer: The Institute of Internal Auditors
• Standar Pengungkapan Keberlanjutan (SPK) dan Tantangan Penerapan dalam Transformasi Keuangan Berkelanjutan: Ikatan Akuntan
    Indonesia
• Risk & Governance Summit 2025: OJK
• The Strategic Role of Accountants: Enhancing Investor Connections Through IPO Success: SPA FEBUI
• IAI Economic Briefing 2025: Ikatan Akuntan Indonesia
• Using AI for Data-Driven Insights: LinkedIn Learning




                                                                                                                                                   411
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       01
                                                Program pelatihan anggota lainnya
                                                Training program of other members
     02                                         • Risk Maturity Index: GITC
                                                • Strategic Agility: LinkedIn Learning
                                                • Listening to Customers: LinkedIn Learning
                                                • 21 Opportunities for Better Networking: LinkedIn Learning
    03                                          • Making Big Goals Achievable: LinkedIn Learning
                                                • The Future of Audit: LinkedIn Learning
                                                • Managing Multiple Projects: LinkedIn Learning
      04                                        • Public Training Certified Risk Based Audit Profesional: Dilatih.co
                                                • Certified Risk Management Professional: RAP Indonesia
                                                • Audit Forensik dan Deteksi Korupsi: Lemiknas
                                                • Implementation & Internal Audit ISO 27001:2022 Information Security Management System: ITSEC
     05                                         • ISO/IEC 27001 Lead Auditor Training Course: PECB
                                                • Certified Risk Management Officer: RAP Indonesia
                                                • Mitigasi Risiko Dalam Transformasi Digital: LSPMR
                                                • Onboard New Customers for Loyalty, Engagement, and Expansion: Linkedin Learning
    06                                          • Leading through Challenges: Strategies for Executive Leaders: Linkedin Learning
                                                • Top 10 Rules for Highly Effective Leadership: Linkedin Learning
                                                • Championing the Customer in Everything You Do : Linkedin Learning
                                                • Public Training Certified Data Visualization Professional: Dilatih.co
                                                • Qualified Internal Audit Tingkat Lanjutan: Yayasan Pendidikan Internal Audit
                                                • Qualified Internal Audit Tingkat Manajerial: Yayasan Pendidikan Internal Audit
                                                • Cybersecurity Foundations: Linkedin Learning
                                                • Social Media Marketing: Strategy and Optimization: Linkedin Learning
                                                • Audit and Due Diligence Foundations: Linkedin Learning
                                                • Introduction to ESG: Environmental, Social, and Governance: Linkedin Learning
                                                • Shifting Horizon for Internal Auditor : Navigating Emerging Risk, Governance and Opportunities in 2025: Yayasan Pendidikan Internal
                                                    Audit
                                                • Qualified Internal Audit Tingkat Dasar: Yayasan Pendidikan Internal Audit
                                                • 5S Workplace Organization : PT SSCX International
                                                • Human Factors & Safety Management System Continuation Training: Inhouse
                                                • MRO Finance: Inhouse
Laporan Keberlanjutan - Sustainability Report




                                                • Operational Leadership Program: Inhouse
                                                • Training of Trainers: Inhouse
                                                • GMF Quality System for Supporting Personnel: Inhouse
                                                • Safety Management System Awareness Training: Inhouse
                                                • Initial Human Factor In Aircraft Maintenance : Inhouse
                                                • General Aircraft Knowledge : Inhouse
                                                • Basic Planning: Inhouse



                                                Enterprise Risk Management                                                Enterprise Risk Management

                                                                      Nama dan Jabatan                                                   Program Pelatihan
                                                                      Name and Position                                                   Training Program
                                                                                                                      Business Continuity Planning (BCP) & Business Continuity
                                                                                                                      Management (BCM)
                                                Brian Harfiansyah
                                                                                                                      Waktu Pelaksanaan:
                                                Senior ERM & Internal Control Analyst
                                                                                                                      05/03/2025 s.d 07/03/2025
                                                                                                                      Penyelenggara:
                                                                                                                      Multimatics, PT Lifelong Learning


                                                Quality Assurance & Safety                                                Quality Assurance & Safety
                                                          Nama dan Jabatan                               Program Pelatihan
                                                                                                                                               Status Sertifikasi personnel
                                                          Name and Position                               Training Program
                                                Senior A/C Maintenance Inspector, A/C
                                                                                              Aircraft Maintenance Engineer License       107 orang tersertifikasi (100%)
                                                Quality Inspector, A/C Maintenance Engineer

                                                Certified Quality Auditor                     Certified Quality Auditor                   8 orang tersertifikasi (80%)

                                                Associate Quality Auditor, Senior Quality
                                                                                              Associate Quality Auditor                   17 orang tersertifikasi (75%)
                                                System Engineer

                                                Senior Qualification & Licensing Assessor,
                                                                                              Qualification and Licensing Assessor        8 orang tersertifikasi (100%)
                                                Qualification & Licensing Assessor,




412
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                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
PENILAIAN KINERJA PEGAWAI &                                              EMPLOYEE ASSESSMENT & CAREER
MANAJEMEN KARIER                                                         MANAGEMENT

                                                              BSC Corporate


                                                             BSC Directorate


                                                                BSC Dinas


                                   Mid Year, and End
                                   Year Perfomance                                           Goal
                                              Review                                         Setting




                                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                  DEVELOPMENT:              Evaluating       Planning
                                  Promotion,
                                  Rotation, Merit,
                                  Incentive
                                  PMS
                                                                    Managing




                                                         Performance Monitoring Continuous
                                                               Feedback, Coaching and
                                                                    Counselling


GMF menerapkan sistem manajemen kinerja yang                             GMF implements a performance management system
berdasarkan tiga proses yaitu perencanaan, pengelolaan                   (planning, performance management, and evaluation)
kinerja, dan evaluasi untuk menilai kinerja para pegawai                 to assess employee performance.
(assessment).

Individual Performance Plan (IPP) ditetapkan sebagai                     The Individual Performance Plan (IPP) becomes the
sasaran kinerja yang merupakan turunan dari KPI atau                     performance basis derived from the KPI or Target Unit
Target Unit dan Dinasnya. Kinerja pegawai dipantau dan                   of its Department. Individual Performance Tracking
dinilai dengan Individual Performance Tracking (IPT).                    (IPT) will monitor and assess employee performance.
Selain itu, penilaian juga dilakukan terhadap pegawai                    In addition, employees are assessed based on GMF
mengenai kriteria GMF Spirit, core competencies dan                      Spirit, core competencies, and managing people
managing people competencies (level struktural) yang                     competencies (for structural levels), incorporating
menggabungkan informasi dari atasan, rekan kerja,                        input from supervisors, peers, subordinates, and self-
bawahan dan diri sendiri. Hasilnya akan dilaporkan dalam                 assessments. The results are available in the Individual
Individual Performance Report (IPR). Keempat proses                      Performance Report (IPR). These three processes are
tersebut dilakukan dengan menggunakan sistem online,                     carried out using an online system, namely MyHC (Talent
yaitu MyHC (Talent Management System).                                   Management System).


       IPP                       IPT                              IPR                        CAP                       360
                                                       Mid-year & End-year Total
                                                                                                             Mid-year & End-year
                                                       hasil dari pencapaian KPI,
                    ≥ 1 kali sebulan untuk semua                                    Penugasan khusus bagi    Penilaian kinerja terhadap
 KPI dan Target                                        OCP, dan CA Balancing
                    level jabatan Komunikasi dua                                    pegawai terpilih Bobot   atasan, rekan kerja, diri
 OCP dan Target                                        Komunikasi atasan dan
                    arah Formal dan tercatat                                        CAP Pengukuran kinerja   sendiri dan bawahan
 Bobot KPI dan                                         bawahan untuk persetujuan
                    (terdokumentasi)                                                dan target               (khusus structural)
 OCP                                                   Mid-year and End-year
                    Once a month for all jobs level                                 Challenging Assignment   Mid-year and End-year
 KPIs and Targets                                      Total results from KPI,
                    Two-way communication                                           for    talent     CAP    Performance assessment
 OCP Targets KPI                                       OCP, and CA achievements
                    Fo r m a l a n d r e c o r d e d                                Weight Per formance      of superiors, colleagues,
 and OCP Weight                                        Balancing Communication of
                    (documented)                                                    Measurement              oneself and subordinates
                                                       superiors and subordinates
                                                                                                             (specifically structural)
                                                       for approval




                                                                                                                                          413
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       01

                                                Atasan masing-masing pegawai menilai kinerja setiap       The supervisor of each employee conducted a fair
     02                                         bawahannya secara adil. Penilaian kinerja dilakukan dua   evaluation of his subordinate’s performance. There is a
                                                kali dalam setahun dan diatur dalam Prosedur Bisnis       two-time appraisal program every year, as stipulated in
                                                Performance Management System (PMS). Hasil tersebut       the Performance Management System (PMS) Business
    03                                          kemudian menjadi bahan pertimbangan bagi Perseroan        Procedure. The Company uses the assessment to give
                                                dalam memberikan reward, punishment, serta program        rewards and punishments and development programs
                                                pengembangan kepada karyawan. Karyawan dan atasan         to employees. Employees and supervisors will be able to
                                                dapat melakukan dialog/diskusi baik secara daring         have dialogue/discussion either online or face-to-face
      04
                                                atau pertemuan tatap muka. Hal ini dapat memberikan       meetings. This can provide convenience for employees,
                                                kemudahan bagi para karyawan sehingga berdampak           resulting in more effective and efficient working time.
                                                kepada waktu kerja yang lebih efektif dan efisien.
     05
                                                Pada tahun 2026, GMF memberikan berbagai jenis            In 2026, GMF provides various types of rewards
                                                reward sesuai dengan hasil penilaian kinerja pegawai.     according to the results of employee performance
    06                                          Salah satu bentuk reward adalah pemberian apresiasi       assessments. Special Recognition is part of reward to
                                                kepada 68 pegawai yang dinilai memiliki kinerja terbaik   give appreciation for 68 employees who are considered
                                                sepanjang tahun 2025 dan memberikan kontribusi di         to have the best performance throughout 2025 and have
                                                atas rata-rata kepada Perusahaan. Terdapat 3 kategori     made above-average contributions to the Company.
                                                pemberian apresiasi yaitu:                                There are 3 categories of appreciation, namely:
                                                1. Most Valuable Employee, yaitu penghargaan bagi         1. Most Valuable Employee, an award for employees
                                                   pegawai dengan penilaian kinerja tertinggi dan             with the highest performance and given to only 1
                                                   diberikan hanya kepada 1 (satu) orang di setiap            (one) person in each department.
                                                   dinasnya.
                                                2. Outstanding Performer, yaitu pegawai yang menonjol     2. Outstanding Performer, an award for employees who
                                                   dalam kinerja dan dedikasinya terhadap pekerjaan.         stand out in their performance and dedication to
                                                   Mereka tidak hanya mencapai target kinerja tetapi         their work. Not only achieve performance targets
Laporan Keberlanjutan - Sustainability Report




                                                   juga menunjukkan kemampuan ekstra, inisiatif, dan         but also demonstrate extra abilities, initiative, and
                                                   kontribusi positif terhadap tim dan perusahaan            positive contributions to the team and the company
                                                   secara keseluruhan. Para outstanding performer ini        as a whole. These outstanding performers are also
                                                   juga menjadi contoh yang menginspirasi bagi rekan-        inspiring examples for their colleagues and help
                                                   rekannya dan membantu menciptakan lingkungan              create a productive and positive work environment.
                                                   kerja yang produktif dan positif.
                                                3. Excellent PDCA , yaitu pegawai yang diberikan          3. Excellent PDCA, an award for employees who are
                                                   penugasan khusus sebagai PDCA diluar pekerjaan            given special assignments as PDCA outside of their
                                                   utamanya dan dinilai terbaik dalam mengerjakan            main job and are considered the best in carrying out
                                                   tugas PDCA.                                               their PDCA tasks.
                                                4. People Champion Awards, yaitu program apresiasi        4. People Champion Awards, an appreciation program
                                                   yang diberikan kepada pegawai dengan kinerja              given to employees with outstanding performance
                                                   unggul serta kontribusi signifikan dalam mendukung        and significant contributions to organizational
                                                   pencapaian kinerja organisasi. Penghargaan                performance. These awards are presented in several
                                                   ini diberikan melalui beberapa kategori yang              categories representing individual excellence in
                                                   merepresentasikan keunggulan individu dalam aspek         productivity, customer service reliability, innovation,
                                                   produktivitas, keandalan layanan kepada pelanggan,        work quality, collaboration, operational excellence,
                                                   inovasi, kualitas kerja, kolaborasi, keunggulan           and the implementation of corporate culture.
                                                   operasional, serta penerapan budaya Perusahaan.




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                                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                          Manajemen Karier
                                                                                                     Career Management




Manajemen karier berkaitan erat dengan sucession                        Career management is closely related tosucession
planning GMF untuk mempertahankan tingkat kualitas                      planning GMF to maintain the quality level of human
SDM dari risiko turnover karyawan. Melalui manajemen                    resources from risk turnover employee. Through career
karier, karyawan diberi kesempatan untuk meningkatkan                   management, employees are given the opportunity
tingkat kesejahteraan dengan mendapatkan posisi yang                    to increase their level of welfare by getting a higher




                                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
lebih tinggi.                                                           position.


        Penentuan Formasi Jabatan                               Asesmen
            Formation Position                                 Assessment                                  Penilaian Akhir
                                                                                                            Final Decision

 •   Penentuan kualifikasi jabatan;            • Menilai kompetensi individu dengan
 •   Landasan penyusunan jalur karier.           kualifikasi jabatan;                          •   Keputusan akhir promosi karyawan;
 •   Qualification of position;                • Dilakukan oleh tim assessor;                  •   Pelatihan dan pengembangan lebih
 •   Career path foundation.                   • Melibatkan Komite SDM (expert, subject            lanjut, jika diperlukan.
                                                 matter expert, human capital personnel);      •   Final decision on employee promotion;
                                               • Quality personnel for safety (jika            •   Further training and development, if
                                                 dibutuhkan).                                      needed.
                                               • Assessing the individual competencies with
                                                 job qualifications;
                                               • Conducted by an assessor team;
                                               • Involving the HR Committee (expert, subject
                                                 matter expert, human capital personnel);
                                               • Quality personnel for safety (if needed).




                                                   Proses Manajemen Karier
                                                  Careet Management Process
 Dual Career Path: Profesional & Struktural
 Dual Career Path: Professional & Structural

 Jalur profesional memberi karyawan kesempatan untuk menjadi ahli di bidang tertentu. Jalur struktural membuka kesempatan karier
 berdasarkan kemampuan manajerial.
 The professional track allows employees to become experts in specific areas. The structural path opens career opportunities based on
 managerial abilities.



HASIL MANAJEMEN KARIER 2025                                             CAREER MANAGEMENT RESULTS IN
                                                                        2025

Melakukan Review Career Level pada sistem Manajemen                     Conducting a review of Career Levels in the Career
Karir dengan konsep Job Enrichment & Job Enlargement.                   Management System using the concepts of Job
                                                                        Enrichment and Job Enlargement.

Melaksanakan review dan perbaikan secara periodik                       Periodically reviewing and improving the Personal
terhadap dokumen Personal Competency Manual (PCM)                       Competency Manual (PCM) to ensure continuous
untuk terus melakukan update terhadap perubahan                         updates in line with changes and the relevance of
dan kesesuaian kompetensi yang dibutuhkan serta                         required competencies, as well as revising PB 06-005
melakukan revisi PB 06-005 Pengelolaan Karir Pegawai                    on Employee Career Management.

Penetapan pegawai yang termasuk ke dalam kelompok                       Determining employees classified in frozen job groups
jabatan yang dibekukan (freeze) untuk selanjutnya dapat                 (freeze) so they can be developed into positions one
dikembangkan ke jabatan dengan jenjang satu level lebih                 level higher or remain in their current roles until normal
tinggi atau ditetapkan dalam jabatan tersebut sampai                    retirement.
pensiun normal.



                                                                                                                                           415
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       01

                                                Selain melakukan pembenahan terkait pengelolaan karir          In addition to improving career management within the
     02                                         di perusahaan, melalui Assessment Center, GMF telah            company, through the Assessment Center, GMF has
                                                menyelenggarakan proses asesmen terhadap pada                  conducted assessments for 16 on Vice President-level,
                                                Level Vice President sebanyak 16 orang, Senior Manager         40 Senior Managers, and 84 Managers.
    03                                          sebanyak 40 orang, dan Manager sebanyak 84 orang.


                                                                                         Promosi dan Mutasi Pegawai tahun 2025
      04                                                                                 Employees Promoted and Mutated in 2025

                                                                           Promosi                             Mutasi
                                                                           Promotion                           Mutation
     05                                                                    •   6 orang level Vice President    •   5 persons for Vice President’s level
                                                                           •   25 orang level Senior Manager   •   26 persons for Senior Manager’s level
                                                                           •   41 orang level Manager          •   49 persons for Manager’s level
                                                                           •   680 orang level Staff           •   373 persons for Staff’s level

    06

                                                Salah satu hasil promosi yang perlu untuk dibahas yaitu        One of the noteworthy promotional outcomes is
                                                promosi Andriyono Novan Hartoko. Beliau diangkat               the promotion of Andriyono Novan Hartoko. He was
                                                menjabat Vice President Engineering Services pada 1            appointed as Vice President Engineering Services on
                                                Oktober 2024 setelah sebelumnya menempati posisi               October 1, 2024, having previously served as Senior
                                                Senior Manager Line Maintenance Production Planning.           Manager Line Maintenance Production Planning. Joining
                                                Beliau bergabung dengan GMF sejak tahun 2008,                  GMF in 2008, his career has steadily progressed, holding
                                                kariernya terus meningkat sebagai seorang Engineer.            various positions as Engineer. This shows that GMF has
                                                Informasi ini menunjukkan bahwa GMF memiliki jenjang           a clear career path for its employees.
                                                karier yang jelas.
Laporan Keberlanjutan - Sustainability Report




                                                RENCANA PENGEMBANGAN SDM                                       HC DEVELOPMENT PLAN IN 2026
                                                TAHUN 2026

                                                Program dan Rencana Kerja SDM tahun 2025 akan lebih            The HC Work Plan and Program in 2025 will be focused
                                                fokus kepada:                                                  on:
                                                1. Penguatan dalam penerapan nilai GMF Spirit dalam            1. Strengthening the implementation of GMF Spirit
                                                   perilaku dan budaya kerja.                                      values in work behavior and culture.
                                                2. Pelaksanaan Sharing Session di level dinas dan              2. Implementing Sharing Sessions at the agency and
                                                   direktorat dengan mengangkat topik sesuai isu dan               directorate levels, addressing topics relevant to
                                                   kebutuhan terkini.                                              current issues and needs.
                                                3. Program Recruitment untuk memastikan pemenuhan              3. Recruitment Program to ensure timely, high-
                                                   Manpower Planning (MPP) secara tepat waktu,                     quality, and aligned Manpower Planning (MPP)
                                                   tepat kualitas, dan selaras dengan kebutuhan bisnis             implementation, aligned with the Company's
                                                   Perusahaan melalui berbagai skema rekrutmen agar                business needs, through various recruitment
                                                   perusahaan memperoleh talenta yang kompeten                     schemes, ensures the Company obtains competent
                                                   untuk mendukung keberlanjutan operasi dan                       talent to support sustainable operations and achieve
                                                   pencapaian target jangka Panjang.                               long-term targets.
                                                4. Program manajemen karir untuk memberikan arah               4. Career Management Program to provide clear,
                                                   karier yang jelas, terstruktur, dan komprehensif bagi           structured, and comprehensive career paths for
                                                   seluruh pegawai, sehingga mampu meningkatkan                    all employees, thereby increasing motivation,
                                                   motivasi, produktivitas, dan retensi talenta di dalam           productivity, and talent retention within the Company.
                                                   perusahaan.
                                                5. Program Instructor Development untuk mengukur               5. Instructor Development Program to measure
                                                   perkembangan berkelanjutan terhadap kualifikasi                the ongoing development of instructor/examiner
                                                   instruktur / penguji untuk aspek pengetahuan teknis,           qualifications in technical knowledge, skills, and
                                                   keterampilan dan teknik instruksional, sehingga                instructional techniques. This ensures that all
                                                   dapat memastikan bahwa semua kualitas instruktur /             instructors/examiners deliver materials in a manner
                                                   penguji dalam menyampaikan materi dapat memenuhi               that meets the requirements and is competent and
                                                   syarat dan kompeten serta sesuai dengan kualifikasi            aligns with the instructor/examiner qualifications
                                                   Instruktur / penguji yang tercantum pada CASR Part-            listed in CASR Part 147 (Continuity of Instructor
                                                   147 (Continuity of Instructor Qualification).                  Qualification).
                                                6. Pengembangan kapasitas dan kapabilitas Learning
                                                   Services untuk pesawat Boeing 787 (GenX)




416
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                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
7. Peningkatan sistem manajemen kinerja melalui                6. Developing the capacity and capabilities of Learning
    penambahan fitur guna mendukung penyusunan                     Services for Boeing 787 (GenX) aircraft.
    dan penilaian Key Performance Indicator (KPI) agar         7. Improving the performance management system by
    tetap selaras dengan kebutuhan Perusahaan.                     adding features to support the development and
8. Pengelolaan Sistem Manajemen Bakat (Talent Pool)                assessment of Key Performance Indicators (KPIs)
    yang terpadu melalui program talent pool identification,       to ensure alignment with company needs.
    talent pool development dan individual alignment.          8. Managing an integrated Talent Pool through talent
9. Peningkatan kemampuan assessment center dalam                   pool identification, talent pool development, and
    aspek digitalisasi melalui penyediaan Assessment               individual alignment programs.
    Center Dashboard.                                          9. Improving the digital capabilities of assessment
10. Peningkatan kualitas data organisasi sebagai dasar             centers by providing an Assessment Center
    pengambilan keputusan berbasis data                            Dashboard.
11. Peningkatan sistem digital guna mendukung                  10. Improving the quality of organizational data as a
    integrasi proses human capital agar berdampak                  basis for data-driven decision-making.




                                                                                                                             Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
    pada peningkatan akurasi, efektivitas, dan efisiensi       11. Improving digital systems to support the integration
    layanan.                                                       of human capital processes.
12. Peningkatan standar pelayanan kepegawaian                  12. Improving employee service standards by improving
    melalui penyempurnaan fasilitas, proses, dan bentuk            facilities, processes, and forms of appreciation.
    apresiasi.

PERLAKUAN YANG ADIL DAN SETARA                                 FAIR AND EQUAL TREATMENT FOR ALL
BAGI PEGAWAI [GRI 406-1] [OJK F.18]                            EMPLOYEES [GRI 406-1] [OJK F.18]

Perseroan memperlakukan semua pegawai secara setara            The Company treats all employees equally according to
sesuai prinsip dasar ketenagakerjaan yang termuat              the basic employment principles set out in Law No. 13
dalam Undang-Undang No. 13 Tahun 2003 tentang                  of 2003 concerning Manpower without distinguishing
Ketenagakerjaan tanpa membedakan jenis kelamin,                gender, ethnicity, religion, race, and political views.
suku, agama, ras dan pandangan politik. Terdapat               There is a Collective Labor Agreement (PKB) between
Perjanjian Kerja Bersama (PKB) antara Perseroan dan            the Company and employees to ensure that there is a
pegawai untuk memastikan adanya komitmen tertulis              written commitment for both parties fulfilling the human
kedua belah pihak dalam pemenuhan HAM yang                     rights when recruiting employees, participating in training
berlaku dalam hal penerimaan pegawai, pelatihan dan            and competency development, career development,
pengembangan kompetensi, pengembangan karir,                   and remuneration. The Company also guarantees
dan remunerasi. Perseroan juga menjamin kebebasan              employees the freedom to associate through a labor
pegawai berserikat dengan memfasilitasi pembentukan            union as a forum for effective communication between
serikat pekerja sebagai wadah komunikasi yang efektif          management and all employees. The PKB continues to
antara manajemen dan seluruh pegawai. PKB terus                be updated periodically, and the Trade Union has been
diperbarui secara periodik dan Serikat Pekerja telah           registered with the Manpower Office. Until the end of
didaftarkan ke Dinas Ketenagakerjaan. Sampai dengan            2025, the PKB agreed upon with the Labor Union fully
akhir tahun 2025, PKB yang telah disepakati dengan             applies to all employees, both permanent and non-
Serikat Pekerja berlaku sepenuhnya terhadap semua              permanent. The content of the PKB is prepared in
pegawai, baik pegawai tetap maupun pegawai tidak               accordance with the applicable laws and regulations.
tetap, di mana konten dari PKB itu sendiri disusun
mengacu pada peraturan perundang-undangan yang
berlaku.


                         Komposisi Karyawan Perempuan dalam Manajemen Perseroan [S-01]
                         Composition of Female Employees in the Company’s Management [S-01]
                                               Pria                                          Wanita
    Level Jabatan                              Male                                          Female
   Level of Position             Jumlah                 Persentase              Jumlah                 Persentase
                                  Total                 Percentage               Total                 Percentage
 Entry-level
                                             315                 75,18%                      42                   64,62%
 (Dept Head)

 Mid-level
                                              86                20,53%                        21                  32,31%
 (Div Head)

 Senior-level
                                              18                  4,30%                       2                    3,08%
 (Group Head)



                                                                                                                             417
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       01

                                                                             Komposisi Karyawan Perempuan dalam Manajemen Perseroan [S-01]
     02                                                                      Composition of Female Employees in the Company’s Management [S-01]
                                                                                                   Pria                                              Wanita
                                                    Level Jabatan                                  Male                                              Female
    03                                             Level of Position                   Jumlah                  Persentase                  Jumlah               Persentase
                                                                                        Total                  Percentage                   Total               Percentage

      04                                         Executive-level
                                                                                                    4                       80%                       1                      20%
                                                 (BOD)

                                                Total Karyawan
                                                                                                  424                  86,53%                        66                 13,47%
                                                Total Employees
     05


    06
                                                                                Level Karyawan Berdasarkan Gender dan Kelompok Umur [S-02]
                                                                                        Employee Level by Gender and Age Group [S-02]
                                                 Rentang                                                  Level Jabatan
                                                   Usia                                                  Level of Position
                                                                                                                                                                      Total
                                                 (tahun)
                                                                        Entry-level              Mid-level                Senior-level         Executive-level      Karyawan
                                                   Age
                                                                                                                                                                      Total
                                                  Range
                                                               Pria           Wanita       Pria         Wanita      Pria          Wanita      Pria        Wanita    Employees
                                                  (years
                                                   old)        Male           Female       Male         Female      Male          Female      Male        Female

                                                 18-25             0             0          0             0           0             0          0            0           0

                                                 25-35             61           16          6             1           0             0          0            0           84
Laporan Keberlanjutan - Sustainability Report




                                                 35-45             168          25          55            19          9             2          2            1          281

                                                 45-55             56            0          19            1           8             0          2            0           86

                                                 >55               30            1          6             0           1             0          0            0           38


                                                REMUNERASI PEGAWAI [GRI 401-2]                                        EMPLOYEE REMUNERATION [GRI 401-
                                                                                                                      2]

                                                Dalam menetapkan imbal jasa bagi para pegawai,                        In determining employee remuneration, the Company
                                                Perseroan berfokus pada paket remunerasi yang                         prioritizes competitive remuneration packages and other
                                                sesuai dan sejumlah manfaat material lainnya. Guna                    significant benefits. These packages are formulated
                                                menetapkan paket remunerasi yang kompetitif,                          based on employee ranks and position, while ensuring
                                                Perseroan merumuskan standar sesuai pemeringkatan                     compliance with labor laws and regulations, particularly
                                                pegawai dan jenjang jabatan, dengan tetap mematuhi                    regarding Provincial/Regency/City Minimum Wage
                                                ketentuan perundang-undangan dan regulasi yang                        (UMP/K) provisions in the Company’s work area. Entry-
                                                mengatur tentang tenaga kerja, terutama dalam hal                     level employees in the Company, classified as Aircraft
                                                ketentuan Upah Minimum Provinsi/Kabupaten/Kota                        Maintenance Technician, receive a salary of Rp4,800,000
                                                (UMP/K) yang berlaku di wilayah kerja Perseroan.                      (four million eight-hundred thousand rupiah) and it is
                                                Karyawan level terendah di Perseroan yaitu Aircraft                   0.83% higher compared to the Minimum City Payment
                                                Maintenance Technician mendapatkan gaji Rp4.800.000                   (UMK) in Tangerang. [OJK F.20]
                                                (empat juta delapan ratus ribu rupiah) yang lebih
                                                besar 0,83% dari Upah Minimum Kota (UMK) daerah
                                                Tangerang. [OJK F.20]



                                                Berikut disampaikan juga rasio gaji pokok dan remunerasi               Furthermore, the ratio of basic salary and remuneration
                                                pegawai pria dan wanita sebagai perbandingan. Terlihat                for male and female employees is provided for
                                                bahwa tidak ada perbedaan berdasarkan jenis kelamin                   comparison. There are no gender-based differences
                                                karena GMF mengaplikasikan sistem pengelolan pegawai                  observed, as GMF implements an equal employee
                                                yang setara antara pria dan wanita. [405-2]                           management system for both men and women. [405-2]




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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                     Jabatan                                             Rasio
                                     Position                                            Ratio
Vice President                                                                                                   1:1

General Manager                                                                                                  1:1

Manager                                                                                                          1:1

Staff                                                                                                            1:1


GMF menerapkan sistem remunerasi yang adil sesuai        GMF implements a fair remuneration system according
dengan jenjang jabatan, masa kerja, hasil penilaian      to position level, length of service, individual work
kerja individu, dan status kepegawaian (pegawai tetap    assessment results, and employment status (permanent
dan tidak tetap). GMF memastikan bahwa remunerasi        and non-permanent employees). GMF ensures that
yang diterima karyawan telah memenuhi ketentuan          the remuneration received by employees complies




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
perundang-undangan dan sesuai dengan industri            with statutory provisions and is in accordance with the
yang berlaku. Standar remunerasi juga telah ditentukan   prevailing industry. Remuneration standards have also
berdasarkan Salary Survey yang dilakukan konsultan       been determined based on a Salary Survey conducted
eksternal, Willis Tower Watson.                          by an external consultant, Willis Tower Watson.



                                                                                           Karyawan Tidak
                             Remunerasi/Fasilitas                  Karyawan Tetap
 No.                                                                                        Tetap (PKWT)
                            Remuneration/Facilities              Permanent Employee
                                                                                          Contract Employee
Honorarium
Honorarium

        Gaji Pokok
  1.                                                                       V                       V
        Basic salary

        Insentif
  2.                                                                       V                       V
        Incentive

Tunjangan
Allowances

        Tunjangan Lisensi Perawatan Pesawat Terbang
  1.                                                                       V                       V
        Aircraft Maintenance License Allowance

        Tunjangan Produktifitas Lisensi
  2.                                                                       V                       V
        License Productivity Allowance

        Tunjangan Sertifikasi Profesi
  3.                                                                       V                       V
        Professional Certification Allowance

        Tunjangan Tengah Tahun                                                                     X
  4.                                                                       V
        Mid-Year Allowance

        Tunjangan Hari Raya
  5.                                                                       V                       V
        Holiday allowance

        Tunjangan Jabatan Struktural                                                      Sesuai Kontrak Kerja
  6.                                                                       V
        Structural Position Allowances                                                    Per Working Contract

        Tunjangan Transportasi Struktural
  7.                                                                       V                       V
        Structural Position Transportation Allowances

        Tunjangan Pajak
  8.                                                                       V                       V
        Tax Allowance

        Tunjangan Kemahalan
  9.                                                                       V                       V
        Inconvinient Allowance

        Bantuan Istirahat Tahunan
  10.                                                                      V                       X
        Leave Allowance

        Uang Perjalanan Dinas
  11.                                                                      V                       V
        Business Travel Allowance

        Upah Kerja Lembur
  12.                                                                      V                       V
        Overtime Wages

        Bantuan Uang Transport Khusus
  13.                                                                      V                       V
        Special Transportion Allowance



                                                                                                                       419
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       01

                                                                                                                                                       Karyawan Tidak
                                                                               Remunerasi/Fasilitas                                Karyawan Tetap
     02                                          No.                                                                                                    Tetap (PKWT)
                                                                              Remuneration/Facilities                            Permanent Employee
                                                                                                                                                      Contract Employee
                                                         Tunjangan Kerja Shift
                                                 14.                                                                                     V                     V
    03                                                   Shift Working Benefits

                                                         Tunjangan Kehadiran
                                                 15.                                                                                     V                     V
                                                         Daily Allowance
      04                                        Fasilitas/Benefit
                                                Facilities/Benefit

                                                         Pakaian Seragam dan/atau Pakaian Kerja
                                                  1.                                                                                     V                     V
     05                                                  Uniform and/or Work Clothes

                                                         Tiket Konsesi Pesawat Terbang
                                                  2.                                                                                     V                     X
                                                         Airplane Concession Ticket
    06                                                   Asuransi Tenaga Kerja
                                                  3.                                                                                     V                     V
                                                         Labor Insurance

                                                         Asuransi Kesehatan untuk Karyawan dan Keluarga
                                                  4.                                                                                     V                     V
                                                         Health Insurance for Employees and Families

                                                         Fasilitas mutasi (uang pindah, perumahan/penggantian perumahan)                              Sesuai Kontrak Kerja
                                                  5.                                                                                     V
                                                         Mutation facilities (moving expense, housing/housing replacement)                            Per Working Contract

                                                         Bantuan kacamata
                                                  6.                                                                                     V                     X
                                                         Glasses allowance

                                                         Iuran Dana Kesehatan Pensiun
                                                  7.                                                                                     V                     X
                                                         Pension Fund Health Contribution

                                                         Program kemudahan (soft loan) ibadah umroh/pilgrim
                                                  8.                                                                                     V                     X
Laporan Keberlanjutan - Sustainability Report




                                                         Assistance (soft loan) for umrah/pilgrimage

                                                         Bantuan Kepemilikan Kendaraan (COP)
                                                  9.                                                                                     V                     X
                                                         Vehicle Ownership Assistance (COP)

                                                         Apresiasi Momen Khusus Pegawai (pernikahan, kelahiran anak, & ulang
                                                         tahun pernikahan)
                                                 10.                                                                                     V                     X
                                                         Employee Special Moment Appreciation (marriage, child birth & wedding
                                                         anniversary)

                                                         Penghargaan Masa Bakti
                                                  11                                                                                     V                     X
                                                         Long Service Award

                                                         Fasilitas Daycare
                                                 12.                                                                                     V                     V
                                                         Daycare Facility at Office

                                                         Masa Persiapan Pensiun
                                                 13.                                                                                     V                     X
                                                         Retirement Preparation Period

                                                Cuti
                                                Paid Leave

                                                         Cuti Tahunan
                                                  1.                                                                                     V                     V
                                                         Annual leave

                                                         Cuti Istimewa
                                                  2.                                                                                     V                     X
                                                         Special leave

                                                         Cuti Sakit
                                                  3.                                                                                     V                     V
                                                         Sick leave

                                                         Cuti di Luar Tanggungan
                                                  4.                                                                                     V                     X
                                                         Unpaid Leave

                                                         Cuti Ibadah
                                                  5.                                                                                     V                     X
                                                         Religious Leave

                                                Lain-Lain
                                                Others

                                                         Iuran Pasti (Pensiun)
                                                  1.                                                                                     V                     X
                                                         Pension Contribution

                                                         Penghargaan Masa Bakti 10, 20, 30, dan 35 Tahun
                                                  2.                                                                                     V                     X
                                                         10, 20, 30, and 35 Years of Service Award

                                                         Bantuan Duka Cita
                                                  3.                                                                                     V                     X
                                                         Grief Support


420
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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                 Karyawan Tidak
                           Remunerasi/Fasilitas                        Karyawan Tetap
  No.                                                                                             Tetap (PKWT)
                          Remuneration/Facilities                    Permanent Employee
                                                                                                Contract Employee
  4.    Dana Employee Gathering                                                 V                        V



PENERAPAN REWARD & PUNISHMENT                                REWARD & PUNISHMENT

INSENTIF                                                     Rewards
GMF mengapresiasi karyawan yang memiliki kinerja             GMF appreciates employees who have good
baik dengan mengikutsertakannya ke dalam program             performance by enrolling them in self-development
pengembangan diri ataupun melalui pemberian insentif         programs or by providing incentives (reward). Giving
(reward). Pemberian apresiasi diharapkan dapat memicu        appreciation is expected to trigger employee enthusiasm
semangat karyawan untuk terus mempertahankan                 to continue to maintain performance and innovate.




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
kinerja dan berinovasi.

Pada tahun 2025, Perseroan berfokus pada sistem               In 2025, the Company focuses on a reward system
reward yang disebut Tunjangan Produktivitas. Tunjangan       called Productivity Allowance. Productivity allowances
produktivitas diberikan bagi Pegawai yang yang memiliki      are given to employees who have special skills and
keahlian khusus dan berkontribusi langsung dalam             contribute directly to generating the Company's revenue.
menghasilkan pendapatan Perusahaan. Penghargaan              Productivity allowance awards are variable and are
tunjangan produktivitas bersifat variable yang dikaitkan     linked to the productivity and weight of the projects
terhadap produktivitas dan bobot proyek yang dikerjakan.     being worked on.

Perseroan juga memiliki reward non-finansial melalui
GMF Eazy berupa:                                             The company also owns reward non-financially through
• GMF Eazy Umrah & Pilgrim yang memudahkan                   GMF Eazy in the form of:
   karyawan melakukan perjalanan umroh atau pilgrim          • GMF Eazy Umrah & Pilgrim which makes it easy
   dengan pinjaman tanpa bunga.                                 for employees to travel for Umrah or Pilgrim with
• GMF Eazy Hajj yang merupakan bantuan dana                     interest-free loans.
   talangan Haji                                             • GMF Eazy Hajj which is a Hajj bailout fund
• GMF Eazy Home berupa bantuan pembayaran down
   payment pembelian rumah pertama                           •   GMF Eazy Home in the form of assistance in making
• GMF Eazy Edu yang merupakan bantuan dana                       a down payment for the first home purchase
   talangan biaya pendidikan melalui pinjaman tanpa          •   GMF Eazy Edu, which is a bailout fund for educational
   bunga;                                                        expenses through interest-free loans;

Pada Tahun 2025, program GMF Eazy yang dilaksanakan
adalah GMF Eazy Edu, Eazy Hajj dan Eazy Umrah.               In 2025, the GMF Eazy program implemented was
Sedangkan untuk program GMF Eazy lainnya masih               GMF Eazy Edu, Eazy Hajj and Eazy Umrah. Meanwhile,
belum dilaksanakan dan menyesuaikan dengan kondisi           the other GMF Eazy programs have not yet been
Perseroan.                                                   implemented and adapted to the conditions of the
                                                             Company.
HUKUMAN
GMF memberikan punishment kepada karyawan yang               Punishment
melakukan pelanggaran. Bentuk-bentuk punishment              There is a punishment for employees who commit
bervariasi seperti sanksi atau hukuman disiplin              violations. The penalty may be through sanctions or
berdasarkan tingkat dan jenis sanksi yang berlaku.           disciplinary action of different levels. The sanctions are
Jenis sanksi yang berlaku meliputi sanksi disiplin ringan,   categorized into mild, moderate, and severe types. The
sedang, dan berat. Penetapannya ditentukan dengan            sanction is determined based on the type of violation,
berdasarkan pelanggaran yang dilakukan, dampak yang          the impact, and other elements of the action.
ditimbulkan, dan unsur dari perbuatan.




                                                                                                                          421
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       01

                                                                                           Sanksi Berdasarkan Jenis Pelanggaran
     02                                                                                        Sanction by Type of Violation
                                                 Saksi Pelanggaran Disiplin Ringan          Saksi Pelanggaran Disiplin Sedang              Saksi Pelanggaran Disiplin Berat
                                                    Light Disciplinary Sanction               Moderate Disciplinary Sanction                 Severe Disciplinary Sanction
    03                                                                                     Penurunan base salary sebesar 5%-10%
                                                                                                                                          Penurunan base salary sebesar 10% selama
                                                 Peringatan lisan                          selama 4 bulan.
                                                                                                                                          12 bulan.
                                                 Verbal warning                            Base salary decreases by 5%-10% for 4
                                                                                                                                          Base salary decreases by 10% for 12 months.
                                                                                           months.
      04
                                                                                                                                          Pembebasan dari jabatan struktural dan
                                                                                           Pembebasan dari jabatan struktural dan
                                                                                                                                          setelah 3 tahun dapat diangkat kembali
                                                                                           setelah 6 bulan dapat diangkat kembali
                                                                                                                                          menjadi pejabat stuktural namun tidak pada
     05                                                                                    menjadi pejabat stuktural namun tidak pada
                                                                                                                                          posisi jabatan yang sama, dan pemutusan
                                                 Peringatan tertulis                       posisi jabatan yang sama.
                                                                                                                                          hubungan kerja (PHK).
                                                 Written warning                           Exemption from the structural postion
                                                                                                                                          Exemption from the structural postion
                                                                                           and might be reappointed after 6 months
                                                                                                                                          and might be reappointed after 3 years
    06                                                                                     as a structural official but not in the same
                                                                                                                                          as a structural official but not in the same
                                                                                           position.
                                                                                                                                          position, and work termination.


                                                GMF memiliki program “Save Discipline Culture” untuk               GMF embedded culture of discipline among employees
                                                membangun budaya disiplin di dalam Perseroan. Program              through the “Save Discipline Culture”. This program
                                                ini meliputi Disiplin Waktu Kerja, Disiplin Penggunaan             includes Work Time Discipline, Work Uniform Discipline,
                                                Seragam Kerja, dan Disiplin Briefing 10 (sepuluh) menit.           and Briefing Discipline for 10 (ten) minutes. There is a
                                                Program ini menggunakan sistem poin yang dikendalikan              point system in this program that both employees and
                                                oleh setiap karyawan dan Perseroan. Laporan disiplin               the Company can control. The Company may determine
                                                ini memiliki pengaruh terhadap pemberian reward dan                the proper rewards and punishments for employees
                                                punishment kepada pegawai bersangkutan.                            based on this discipline report.
Laporan Keberlanjutan - Sustainability Report




                                                                                     Pemberian Punishment Terhadap Karyawan
                                                                                               Employee Punishment
                                                     Jenis Sanksi
                                                                             2025                 2024                   2023                    2022                   2021
                                                   Type of sanction
                                                 Sanksi Ringan
                                                                                      34                      0                      0                       0                      0
                                                 Light Sanction

                                                 Sanksi Sedang
                                                                                      28                     13                     18                       8                      9
                                                 Medium Sanction

                                                 Sanksi Berat
                                                                                     40                       6                      5                      11                      4
                                                 Heavy Sanction

                                                 Jumlah
                                                                                    102                      19                     23                      19                     13
                                                 Total



                                                PENGELOLAAN K3 [GRI 403-2]                                         OHS MANAGEMENT [GRI 403-2]

                                                Perseroan memberikan perhatian khusus terkait                      The Company gives special attention to the OHS
                                                pengelolaan K3 yaitu di area Hangar, yang memiliki                 management at the Hangar area, which has the highest
                                                tingkat risiko kecelakaan kerja paling tinggi dibandingkan         risk of work accident compared to other areas. To
                                                area lainnya. Guna mengantisipasi risiko kecelakaan,               anticipate the accident risks, the Company has created
                                                Perseroan telah melakukan pemetaan area sebagai                    a mapping strategy of the following areas:
                                                berikut:


                                                              Wilayah                                        Jenis Pekerjaan dengan Risiko Tinggi
                                                               Area                                                Work Type with High Risk
                                                                                   Working at high, remove and assembly heavy part (engine, flaps, landing gear, etc.), welding
                                                 Hangar 1-4                        aircraft engine, radiation (only if NDT test take place in the hangar), Hydraulic Function Test,
                                                                                   plugging and unplugging of the electrical ground source.
                                                                                   Painting, loading heavy parts, release pressure in a tire, machining (rotary machine TBR), welding,
                                                 Workshop 1
                                                                                   plating process TCW, Operation Boiler, Radiation in NDT Lab.
                                                 Workshop 2                        Release and refill pressurize tube, electrical testing component.
                                                 Facility                          Maintenance in Generator and Motor Room.
                                                 Material Building                 Loading and unloading of a heavy part.


422
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                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
               Wilayah                                       Jenis Pekerjaan dengan Risiko Tinggi
                Area                                               Work Type with High Risk
                                   Welding, working at high, the rotary machine, thermal spray (hot work), sanding and painting,
 GSE
                                   electrical testing.
 Engine Shop                       Radiation in NDT Test, chemical exposure in cleaning, hot work thermal spray, the rotary machine,
                                   welding, assembly disassembly engine and APU, welding.
 Test Cell                         Fire and explosion in testing APU and Engine.
 Chemical Store                    Loading unloading, fire and exposure chemical.
 Learning Service                  Machining activity.
 Apron                             Working at high places.


                                    Peta Area dengan Risiko Potensi Bahaya Tinggi
                                            Areas with High Potential Risk




                                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Berdasarkan tabel risiko dan peta tersebut, Perseroan             Based on the table and map, the Company made a
telah menyusun strategi dan pengelolaan K3 secara                 comprehensive OHS strategy and management, which
komprehensif, yang akan diungkapkan di pembahasan                 will be disclosed in the next discussion, to protect
selanjutnya, untuk melindungi karyawan dan juga                   employees and ensure business continuity.
memastikan keberlangsungan usaha.

PROGRAM KESEHATAN DAN                                             OCCUPATIONAL HEALTH AND SAFETY
KESELAMATAN KERJA [ESG S-11] [GRI                                 PROGRAM [ESG S-11] [GRI 403-3]
403-3]

Perseroan melaksanakan berbagai program K3 secara                 The Company regularly implements various OHS programs,
rutin melalui bincang-bincang health talk di setiap dinas,        including health talk sessions in each department, the
program Behavior Based Safety (BBS), program evaluasi             Behavior-Based Safety (BBS) program, self-measurement
diri self-measurement, seminar kesehatan, sistem mapping          evaluation programs, health seminars, hazard mapping and
hazard dan mitigasinya, serta jalan sehat atau sepeda sore.       mitigation systems, as well as group walking or afternoon
                                                                  cycling activities.

Perseroan juga memiliki sejumlah peraturan,                       The Company also has several regulations, laws, and
perundangan dan persyaratan lainnya yang berlaku                  other requirements on occupational safety, health, and
terkait Keselamatan, Kesehatan Kerja dan Lingkungan.              the environment. Continous activities carried out for
Berbagai aktivitas yang telah dijalankan secara                   many years to enforce the OHS regulations including
berkelanjutan dari tahun ke tahun yaitu untuk                     safety patrols, safety induction, waste management,
menegakkan peraturan-peraturan terkait K3 adalah                  and safety performance management (safe working
safety patrol, safety induction, pengelolaan limbah,              hours). Each program has its criteria and requirement
dan pengelolaan safety performance (jam kerja aman).              that must be fulfilled and followed by all employees
Setiap program memiliki kriteria dan persyaratan yang             without exception.
wajib dipenuhi dan ditaati oleh segenap karyawan GMF
tanpa terkecuali.



                                                                                                                                       423
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       01

                                                Guna menjamin adanya realisasi K3 di lingkungan usaha    To ensure OHS has been applied within the Company's
     02                                         Perseroan, terdapat aktivitas penilaian/pengukuran       business environment, there are periodic assessments/
                                                secara berkala yang mencakup Hazard Identification,      measurements which include Hazard Identification, Risk
                                                Risk Assessment, and Determining Control (HIRADC)        Assessment, and Determining Control (HIRADC) of all
    03                                          dari seluruh kegiatan GMF.                               GMF activities.

                                                Berbagai program keselamatan kerja yang telah            The work safety programs that have been carried out
                                                dilakukan GMF di sepanjang tahun 2025 adalah sebagai     by GMF throughout 2025 were as follows:
      04
                                                berikut:
                                                1. Program jaminan kesehatan bagi pegawai dan            1. Health insurance program for employees and their
                                                    keluarga inti mereka berupa auransi pelayanan           immediate families in the form of commercial health
     05                                             kesehatan komersil guna pelayanan rawat jalan dan       insurance covering outpatient and inpatient services.
                                                    rawat inap.
                                                2. Program jaminan BPJS Kesehatan bagi pegawai dan       2. The BPJS Kesehatan program for employees and
    06                                              keluarga inti pegawai                                   their immediate families
                                                3. Program jaminan BPJS Ketenagakerjaan bagi pegawai     3. The BPJS Ketenagakerjaan program for employees
                                                4. Perseroan melaksanakan dan memfasilitasi pegawai      4. The Company implements and facilitates employees
                                                    dengan serangkaian pprogram preventif dan promotif      with a series of preventive and promotive programs
                                                    untuk menunjang kesehatan pegawai baik secara           to support employee health, both offline and online
                                                    luring ataupun daring
                                                5. Pelaksanaan Wellness Program berupa Program GMF       5. Implementation of the Wellness Program in the
                                                    Fit rutin berkolaborasi dengan GMF Community             form of the GMF Fit Program, conducted regularly
                                                                                                             in collaboration with the GMF Community
                                                6. Pelaksanaan program Webinar Kesehatan                 6. Implementation of health webinar programs in
                                                    bekerjasama dengan rekanan asuransi komersil dan         collaboration with commercial insurance partners
                                                    rumah sakit                                              and hospitals
Laporan Keberlanjutan - Sustainability Report




                                                7. Pelaksanaan seminar dan Pelaksanaan Random            7. Implementation of seminars and random drug &
                                                    Check Drugs & Alkohol serta screening Tuberkulosis       alcohol checks, as well as tuberculosis screening
                                                8. Pelaksanaan Audit Internal HSE 2025 berdasarkan       8. Implementation of the 2025 Internal HSE Audit based
                                                    Sistem Manajemen Keselamatan dan Kesehatan Kerja         on the Occupational Health and Safety Management
                                                    PP 50 tahun 2012 dan ISO 45001:2018                      System (PP No. 50 of 2012) and ISO 45001:2018
                                                9. Pelaksanaan Audit Surveillance (eksternal) ISO        9. Implementation of the ISO 45001:2018 Surveillance
                                                    45001:2018                                               (external) Audit
                                                10. Pelaksanaan Safety Patrol 2025 dan pemenuhan         10. Implementation of the 2025 Safety Patrol and fulfillment
                                                    Quality, Cost, Delivery Project                          of Quality, Cost, and Delivery project aspects
                                                11. Penyediaan matriks Training Keselamatan, Kesehatan   11. Provision of the 2025 Occupational Safety, Health,
                                                    Kerja dan Lingkungan tahun 2025                          and Environment Training Matrix
                                                12. Pengawasan pelaksanaan proyek fasilitas dan          12. Supervision of facility projects and building
                                                    renovasi bangunan                                        renovation activities
                                                13. Pelaksanaan kajian dokumen Hazard Identification,    13. I m p l e m e n t a t i o n o f d e p a r t m e n t a l H a z a rd
                                                    Risk Assessment & Determining Control (HIRADC)           Identification, Risk Assessment & Determining
                                                    Dinas                                                    Control (HIRADC) document reviews
                                                14. Pelaksanaan program 5R Korporat tahun 2025           14. Implementation of the 2025 Corporate 5R Program
                                                15. Survei Psikologi 2025                                15. 2025 Psychological Survey
                                                16. Survei Kelelahan Kerja 2025                          16. 2025 Work Fatigue Survey
                                                17. QHSE Satisfaction Survey 2025                        17. 2025 QHSE Satisfaction Survey
                                                18. Pengawasan Lost Time Injury (LTI)                    18. Monitoring of Lost Time Injury (LTI)
                                                19. Pelaksanaan Safety Induction bagi pengunjung dan     19. Implementation of Safety Induction for visitors and
                                                    pekerja                                                  workers
                                                20. Pelaksanaan Emergency Drill untuk kondisi gawat      20. Implementation of an Emergency Drill for flood
                                                    darurat berupa Banjir di area Hangar 3                   emergency conditions in the Hangar 3 area
                                                21. Pelaksanaan Peringatan Bulan K3 Nasional 2025 di     21. Implementation of the 2025 National OHS Month
                                                    area Perseroan dengan agenda Safety and Health           Commemoration within the Company, including a
                                                    Day                                                      Safety and Health Day agenda
                                                22. Pelaksanaan Management Review HSE 2025 (Kinerja      22. Implementation of the 2025 HSE Management
                                                    2024)                                                    Review (2024 Performance)
                                                23. Pelaksanaan Workshop HSE & 5R 2025                   23. Implementation of the 2025 HSE & 5R Workshop
                                                24. Penyusunan HSE Plan untuk Contractor Safety          24. Preparation of the HSE Plan for the Contractor
                                                    Management System (CSMS) proyek non-aviasi               Safety Management System (CSMS) for non-aviation
                                                                                                             projects


424
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                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
25. Pengukuran lingkungan kerja semester dan tahunan             25. Work environment measurements conducted semi-
    oleh Laboratorium tersertifikasi                                 annually and annually by certified laboratories
26. Pelaksanaan training kompetensi Ahli K3 Umum                 26. Implementation of General OHS Expert competency
                                                                     training
27. Pelaksanaan Training Petugas P3K                             27. Implementation of First Aid (P3K) Officer Training
28. Pelaksanaan Training Petugas Penanggulangan                  28. Implementation of Class D Firefighting Officer
    Kebakaran Kelas D                                                Training
29. Pelaksanaan sertifikasi dan resertifikasi peralatan          29. Implementation of certification and recertification
    berupa Overhead Travelling Crane, Single Grider                  of equipment, including Overhead Travelling Crane,
    Overhead Travelling Crane, Double Grider Overhead                Single Girder Overhead Travelling Crane, Double Girder
    Travelling Crane, Electric Chain Hoist Crane, Pilar              Overhead Travelling Crane, Electric Chain Hoist Crane,
    Mounted Slewing Jib Crane, Forklift, Cargo Lift, Lift            Pillar Mounted Slewing Jib Crane, Forklift, Cargo Lift,
    Listrik, Instalasi Listrik, Instalasi Kebakaran, Instalasi       Electric Lift, Electrical Installations, Fire Protection
    Penyalur Petir, Storage Tank, Mesin Produksi CNC,                Systems, Lightning Protection Systems, Storage Tanks,




                                                                                                                                Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
    Mesin Drilling, Mesin Drilling Radial, Mesin Vertical            CNC Production Machines, Drilling Machines, Radial
    Turning & Boring, Air Receiver Tank dan Monorail                 Drilling Machines, Vertical Turning & Boring Machines,
    Electric Chain Hoist & Engine Carrier                            Air Receiver Tanks, and Monorail Electric Chain Hoists
                                                                     & Engine Carriers

PEMBENTUKAN P2K3                                                 ESTABLISHMENT OF P2K3

Perseroan telah memiliki Panitia Pembina Keselamatan             The Company has formed an Occupational Safety
dan Kesehatan Kerja (P2K3) yang mengacu kepada                   and Health Committee (P2K3) which refers to the
Peraturan Menteri Tenaga Kerja No. PER.04/MEN/1987               Regulation of the Minister of Manpower No. PER.04/
tentang Panitia Pembina Keselamatan dan Kesehatan                MEN/1987 concerning the Committee to Guide the
Kerja serta Tata Cara Penunjukan Ahli Keselamatan                Occupational Safety and Health and Procedures to
Kerja. P2K3 merupakan badan pembantu sebagai                     Appoint Occupational Safety Experts. P2K3 becomes an
wadah kerja sama antara Perseroan dan karyawan                   auxiliary body and a forum of cooperation between the
untuk mengembangkan kerja sama dalam penerapan                   Company and employees to cooperate in implementing
keselamatan dan kesehatan kerja.                                 occupational safety and health.

Keputusan Kepala Dinas Tenaga Kerja dan Transmigrasi             Based on the Head of the Banten Province Manpower
Provinsi Banten Nomor 188.4/3/221-DTKT/P2K3/                     and Transmigration Service Decree Number 188.4/3/221-
VIII/2025 tanggal 18 November 2025 tentang Susunan               DTKT/P2K3/VIII/2025 dated November 18th ,2054
Pengurus Panitia Pembina Keselamatan dan Kesehatan               concerning the Composition of the Management
Kerja (P2K3) PT Garuda Maintenance Facility AeroAsia             Committee for Occupational Safety and Health (P2K3)
Tbk telah mengesahkan atas pembaharuan struktur                  of PT Garuda Maintenance Facility AeroAsia Tbk has
organisasi P2K3 Perseroan. Penanggung jawab pengurus             ratified the organizational structure of the Company’s
P2K3 perusahaan adalah Direktur Utama GMF. Pengurus              P2K3. The person in charge of the Company's P2K3
P2K3 diketuai Direktur Human Capital dengan sekretaris           management is the President Director of GMF. P2K3
dan jumlah anggota 20 orang, yang merupakan Vice                 is comprised of 20 members (the Vice President/VP of
President (VP) dari masing-masing Dinas yang ada di              each department at the Company) and is chaired by
Perseroan.                                                       the Director of Human Capital

Pengurus P2K3 mempunyai tugas untuk memberikan                   P2K3 has to give advice and recommendations
saran dan pertimbangan, baik diminta maupun tidak,               regarding occupational health and safety (OHS), whether
kepada pengusaha atau pengurus terkait keselamatan               requested or not, to employers or administrators. The
dan kesehatan kerja (K3). Adapun peran dan fungsi                roles and functions of P2K3 members are as follows:
anggota P2K3 adalah sebagai berikut:
1. Menghadiri pertemuan P2K3, memberikan kontribusi              1. Attend P2K3 meetings, make contributions through
   berupa ide, masukan, dan pengalaman terkait K3;                  ideas, input, and experiences related to HSE;
2. Mengumpulkan dan melaporkan informasi seluruh                 2. Collect and report information on all assignments
   penugasan pada pertemuan P2K3;                                   during P2K3 meetings;
3. Penilaian terhadap aspek K3;                                  3. Assessment of HSE aspects;
4. Mengumpulkan dan menganalisis masukan dari                    4. Collect and analyze input concerning HSE from
   personil terkait aspek K3;                                       personnel;
5. Menyampaikan informasi terkait hasil pertemuan                5. Deliver results of P2K3 meetings to all personnel in
   P2K3 kepada seluruh personil di area kerja masing-               their respective work areas; and
   masing; dan
6. Melaksanakan inspeksi dan investigasi terkait aspek           6. Make inspections and investigations related to HSE
   K3.                                                              aspects.

                                                                                                                                425
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       01

                                                TOPIK K3 DALAM PERJANJIAN KERJA                                  OHS TOPIC IN COLLECTIVE LABOR
     02                                         BERSAMA [GRI 403-4]                                              AGREEMENT [GRI 403-4]

                                                Perseroan menandatangani Perjanjian Kerja Bersama                The Company signed the 2025-2027 Collective Labor
    03                                          (PKB) 2025-2027 yang masih berlaku di tahun 2026                 Agreement (PKB) that is applicable in 2026 and contains
                                                memuat sejumlah pasal terkait topik K3 sebagai bentuk            several articles of OHS as a form of joint commitment
                                                komitmen bersama antara GMF dan karyawan. Pasal-                 between GMF and employees. These articles regulate
                                                pasal tersebut mengatur tentang waktu kerja, waktu               working time, overtime, sick pay, and welfare facilities.
      04
                                                kerja lembur, penghasilan pada masa sakit, dan fasilitas         Discussion of OHS is also available in a separate chapter,
                                                kesejahteraan. Pembahasan K3 secara khusus juga                  at the Occupational Safety and Health.
                                                dicantumkan dalam Bab tersendiri, yaitu Keselamatan
     05                                         dan Kesehatan Kerja.

                                                Secara keseluruhan, pembahasan K3 yang tercantum                 Overall, provisions regarding OHS in the PKB are covered
    06                                          dalam PKB dimuat dalam 16 pasal dari 88 pasal atau               in 16 out of 88 articles, representing 18.18% of the total
                                                18,18% dari keseluruhan topik yang tercakup dalam                topics included in the agreement. This proportion is still
                                                PKB. Proporsi ini masih sama dengan proporsi di tahun            the same as last year and it is still relevant to the current
                                                sebelumnya karena Perseroan masih menganggap                     situation. The articles that discussed OHS are as follows:
                                                bahwa hal tersebut masih relevan dengan kondisi saat
                                                ini. Rincian pasal K3 tersebut adalah sebagai berikut:


                                                               Pasal                                                     Topik
                                                              Articles                                                   Topics
                                                 Pasal 21                   Waktu Kerja
                                                 Article 21                 Working Hours
Laporan Keberlanjutan - Sustainability Report




                                                 Pasal 22                   Waktu Istirahat Menyusui Bagi Karyawati
                                                 Article 22                 Nursing Break for Female Employees

                                                 Pasal 23                   Waktu Kerja Lembur
                                                 Article 23                 Overtime

                                                 Pasal 24                   Hari Libur Resmi
                                                 Article 24                 Official Holidays

                                                 Pasal 25                   Waktu Istirahat dan Cuti
                                                 Article 25                 Break Time and Work Leave

                                                 Pasal 27                   Cuti Khusus Karyawati
                                                 Article 27                 Special Leave for Female Employees

                                                 Pasal 28                   Fasilitas Khusus Ruang Menyusui dan Perawatan Bayi
                                                 Article 28                 Special Facility of Nursery and Baby Care Room

                                                 Pasal 42                   Jenis Pemutusan Hubungan Kerja
                                                 Article 42                 Type of Employment Termination

                                                 Pasal 49                   Pemutusan Hubungan Kerja karena Meninggal Dunia
                                                 Article 49                 Employment Termination due to Death

                                                 Pasal 51                   Hak-hak Kepegawaian
                                                 Article 51                 Employee Rights

                                                 Pasal 61                   Penghasilan Pada Masa Sakit
                                                 Article 61                 Income during Sick Leave

                                                 Pasal 67                   Upah Kerja Lembur
                                                 Article 67                 Overtime Payment

                                                 Pasal 76                   Pemberian Fasilitas Kesejahteraan
                                                 Article 76                 Provision of Welfare Facilities

                                                 Pasal 77                   Jenis Fasilitas Kesejahteraan
                                                 Article 77                 Types of Welfare Facilities

                                                 Pasal 85                   Manajemen K3
                                                 Article 85                 HSE Management

                                                 Pasal 86                   Program Keselamatan dan Kesehatan Kerja
                                                 Article 86                 Occupational Health and Safety Programs

                                                 Lampiran IV                Besarnya Uang Pesangon
                                                 Attachment IV              Severance Payment



426
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                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
              Pasal                                                           Topik
             Articles                                                         Topics
 Lampiran X                        Program Kesehatan Pensiunan
 Attachment X                      Pension Health Program



SISTEM MANAJEMEN KESELAMATAN                                         WORK HEALTH AND SAFETY
DAN KESEHATAN KERJA                                                  MANAGEMENT SYSTEM

GMF telah menerapkan Sistem Manajemen Keselamatan                    GMF has implemented an Occupational Health and
dan Kesehatan Kerja (SMK3) yang disesuaikan                          Safety Management System (SMK3) according to
dengan Peraturan Pemerintah No. 50 tahun 2012                        Government Regulation No. 50 of 2012 concerning
tentang Penerapan Sistem Manajemen Keselamatan                       the Implementation of Occupational Health and Safety
dan Kesehatan Kerja. Tujuan dari penerapan SMK3                      Management Systems. SMK3 is implemented to increase




                                                                                                                                 Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
adalah untuk meningkatkan efektivitas perlindungan                   the effectiveness of occupational safety and health
keselamatan dan kesehatan kerja untuk mencegah                       protection to prevent occupational accidents and
kecelakaan kerja dan penyakit akibat kerja.                          diseases.

Pada tahun 2025, GMF telah melaksanakan SMK3 yang                    In 2025, GMF has implemented SMK3 according to
diterapkan sesuai dengan standar ISO 45001:2018 dan                  the ISO 45001:2018 standard and SMK3 PP 50/2012
SMK3 PP 50 Tahun 2012 setelah melaksanakan proses                    after a surveillance audit by Sucofindo International
audit surveillance yang dilakukan oleh pihak eksternal               Certification Services, an external party.
yaitu Sucofindo International Certification Services.

TINGKAT KECELAKAAN KERJA                                             Accident Rate at Work

Bidang usaha Perseroan di industri MRO memiliki risiko               The Company's line of business in the MRO industry
terjadinya kecelakaan kerja yang mungkin terjadi akibat              has work risks that may occur due to human error or
faktor human error ataupun lainnya. GMF menerapkan                   other factors. Every employee went to Safety Induction
Safety Induction kepada setiap karyawan untuk                        to prevent and reduce workplace accidents.
mencegah dan mengurangi kemungkinan terjadinya
kecelakaan kerja.

Pada tahun 2025, tercatat telah terjadi insiden                      In 2025, there were several work accidents but none
kecelakaan kerja namun dan tidak ada insiden yang                    resulted in death as presented in the following table:
mengakibatkan kematian sebagaimana tersaji dalam                     [GRI 403-9, 403-10]
tabel berikut: [GRI 403-9, 403-10]


                                                    Tingkat Penyakit
                                                                              Tingkat Hari Hilang
                        Tingkat Cedera (IR)        Akibat Kerja (ODR)                                   Tingkat Absen (AR)
                                                                                     (LDR)
    Wilayah                Injury Rate (IR)       Occupational Disease                                   Absence Rate (AR)
                                                                              Lost Day Rate (LDR)
     Area                                              Rate (ODR)

                        Pria        Wanita         Pria          Wanita       Pria       Wanita         Pria       Wanita
                        Male        Female         Male          Female       Male       Female         Male       Female
 Hangar 1                  0.35               0           0               0      0.35               0          0             0

 Hangar 2                  0.26               0           0               0      0.26               0          0             0

 Hangar 3                  0.35               0           0               0      0.44               0          0             0

 Hangar 4                   1.06          0.09            0               0       1.41         0.18            0             0

 Workshop 1                0.26               0           0               0      0.26               0          0             0

 Workshop 2                    0              0           0               0          0              0          0             0

 Facility                  0.09               0           0               0      0.09               0          0             0

 Material Building         0.09               0           0               0      0.09               0          0             0

 GSE                       0.09               0           0               0       0.18              0          0             0

 Engine Shop               0.44               0           0               0      0.62               0          0             0

 Test Cell                     0              0           0               0          0              0          0             0



                                                                                                                                 427
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       01

                                                                                                 Tingkat Penyakit
                                                                                                                        Tingkat Hari Hilang
     02                                                            Tingkat Cedera (IR)          Akibat Kerja (ODR)                                Tingkat Absen (AR)
                                                                                                                               (LDR)
                                                   Wilayah            Injury Rate (IR)         Occupational Disease                                Absence Rate (AR)
                                                                                                                        Lost Day Rate (LDR)
                                                    Area                                            Rate (ODR)

    03                                                             Pria           Wanita        Pria       Wanita       Pria       Wanita         Pria       Wanita
                                                                   Male           Female        Male       Female       Male       Female         Male       Female
                                                Chemical Store            0                0           0            0          0              0          0             0
      04
                                                Learning Service          0                0           0            0          0              0          0             0

                                                Apron                 0.35                 0           0            0      0.62               0          0             0
     05                                         Multibase             0.09                 0           0            0      0.09               0          0             0

                                                Public area            0.18                0           0            0      0.26               0          0             0

    06                                          Jumlah
                                                                      3.61            0.09             0            0      4.66         0.18             0            0
                                                Total



                                                                                           Jumlah Kecelakaan Kerja [ESG S-06]
                                                                                           Total Workplace Accidents [ESG S-06]
                                                                                                               Persentase Kecelakaan Kerja Serius Yang Berakibat
                                                    Frekuensi Kecelakaan Kerja dari Total Pegawai                Cedera Serius Dan Fatal Dari Total Pegawai (%)
                                                   Frequency of Occupational Accidents Among Total                Percentage of Serious Occupational Accidents
                                                                     Employees                                 Resulting in Severe Injury and Fatalities Among Total
                                                                                                                                  Employees (%)
                                                                              0                                                         0
Laporan Keberlanjutan - Sustainability Report




                                                Berdasarkan analisa yang dilakukan, beberapa insiden           Based on the analysis, some of these work accidents
                                                kecelakaan kerja ini diakibatkan kurangnya kesadaran           were caused by lack off awareness in practicing safe
                                                berperilaku aman. Dengan terjadinya insiden tersebut,          behavior. GMF had taken actions to correct and prevent
                                                GMF telah melakukan tindakan perbaikan dan                     future accidents as follows: [GRI 403-6, 403-7]
                                                pencegahan, di antaranya: [GRI 403-6, 403-7]
                                                1. Penyediaan fasilitas pencegahan kecelakaan kerja            1. Provided work accident prevention facilities,
                                                   meliputi Safety Sign dan rambu-rambu peringatan;               including safety signs and warning signs;
                                                2. Pelaksanaan program Behavior Based Safety (BBS);            2. Implemented the Behavior Based Safety (BBS)
                                                                                                                  program;
                                                3. Pelaksanaan Safety Briefing kepada personil terkait         3. Conducted Safety Briefings for personnel regarding
                                                   kecelakaan kerja dan prosedur kerja aman;                      work accidents and safe work procedures;
                                                4. Pelaksanaan dan pemantauan Preventive                       4. Implemented and monitored the Preventive
                                                   Maintenance Inspection (PMI);                                  Maintenance Inspections (PMI);
                                                5. Penyediaan dan pemantauan Alat Pelindung Diri               5. Providied and monitored Personal Protective
                                                   (APD);                                                         Equipment (PPE);
                                                6. Pelaksanaan Safety Patrol rutin.                            6. Conducted routine Safety Patrols.

                                                KESEHATAN PEGAWAI                                              EMPLOYEES HEALTH

                                                Perseroan telah menerapkan kebijakan ser ta                    The Company has implemented occupational safety
                                                menyediakan sarana dan prasarana keselamatan kerja.            policies and provides adequate occupational safety
                                                Fasilitas kesehatan yang disediakan Perseroan berupa           facilities and infrastructure. The health facilities
                                                InHouse Clinic, pelayanan pemeriksaan oleh dokter              include an in-house clinic, medical services by general
                                                umum, dokter gigi, pelayanan UGD dan ambulans,                 practitioners and dentists, emergency services and
                                                apotek, dan optik. Perseroan juga memiliki fasilitas           ambulance facilities, a pharmacy, and optical services.
                                                medical check up yang diberikan kepada pegawai setiap          The Company also provides medical check-ups for
                                                dua tahun dan fasilitas Dokter Okupasi yang diberikan          employees every two years, as well as occupational
                                                kepada pegawai untuk assessment penyakit akibat kerja          physician services to assess work-related illnesses and
                                                dan kelayakan kembali bekerja.                                 determine employees’ fitness to return to work.




428
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                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
BIAYA TERKAIT PENGELOLAAN ASPEK                           COST OF EMPLOYMENT,
KETENAGAKERJAAN, KESELAMATAN                              OCCUPATIONAL HEALTH, AND SAFETY
DAN KESEHATAN KERJA                                       MANAGEMENT

Biaya yang dikeluarkan Perseroan untuk mengelola          The Company spent RP1,070,576,147 to manage
aspek ketenagakerjaan, keselamatan, dan kesehatan         employment, safety, and health aspects in 2025.
kerja pada tahun 2025 berjumlah Rp1.070.576.147.

                                                                                                              Dalam Rp
                                                                                                                  In Rp


                                            2025                                              2024

                      Realization                         Realization          Realization              YoY
                                           Target
                      (Nominal)                              (%)                                     2024-2025




                                                                                                                          Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
 Pengelolaan K3
                         728,662,578       764,952,498              95,2%         1,437,601,529              (50,7%)
 OHS Management

 Sertifikasi K3
                         267,398,309        299,069,818             89,4%         236,433,888                  113,1%
 OHS Certification

 Training K3
                          12,145,900        162,730,400               7,5%          23,797,500                 (51,%)
 OHS Training

 Sosialisasi dan
 Promosi K3
                          62,369,360        74,400,000              83,8%           58,339,350                106,9%
 OHS Socialization
 and Promotion

Jumlah
                       1,070,576,147      1,301,152,716             82,3%       1,756,172,267                  )61%(
Total



PENCAPAIAN TANGGUNG JAWAB                                 ACHIEVEMENT IN SOCIAL
SOSIAL TERKAIT KETENAGAKERJAAN,                           RESPONSIBILITY FOR EMPLOYMENT,
KESELAMATAN DAN KESEHATAN                                 OCCUPATIONAL HEALTH, AND SAFETY
KERJA

Kondisi lingkungan kerja GMF terbilang kondusif karena    GMF's work environment was conducive until the end
hingga akhir tahun 2025 tidak terdapat permasalahan       of 2025 with no major issues between employees and
antara karyawan dan Perseroan yang berdampak besar        the Company that could affect business continuity.
terhadap keberlangsungan usaha. Setiap permasalahan       Every issue on employment was resolved properly by
mencakup ketenagakerjaan dapat diselesaikan dengan        the Human Capital Division through a communicative
baik oleh Divisi Human Capital dengan melakukan           and constructive approach.
pendekatan komunikatif dan konstruktif.

Selain itu, GMF juga telah melakukan pengelolaan atau     In addition, GMF has also received several certificates
mempertahankan sejumlah sertifikat perihal manajemen      for its OHS management which include:
K3 di lingkungan usahanya mencakup:
• ISO 45001:2018 – Occupational Health Safety             •   ISO 45001:2018 – Occupational Health Safety
   Management System yang diberikan oleh Sucofindo            Management System certification from Sucofindo
   International Certification Services. Sertifikat ini       International Certification Services. This certification
   diperbaharui pada tanggal 13 September 2024,               was renewed on September 13, 2024, and is valid
   berlaku hingga 3 April 2027.                               until April 3, 2027.
• SMK3 yang dimiliki Perseroan juga telah mendapatkan     •   Legalized SMK3 by the Minister of Manpower of the
   legitimasi dari Menteri Ketenagakerjaan Republik           Republic of Indonesia.
   Indonesia.
• Sertifikat penghargaan Panitia Pembina Keselamatan      •   Panitia Pembina Keselamatan dan Kesehatan Kerja
   dan Kesehatan Kerja (P2K3) serta Pencegahan                (P2K3) and Pencegahan dan Penanggulangan (P2)-
   dan Penanggulangan (P2)-HIV/AIDS dari Menteri              HIV/AIDS certificate of merit from the Minister of
   Ketenagakerjaan Republik Indonesia.                        Manpower of the Republic of Indonesia.
• Sertifikat Penghargaan dari Dinas Tenaga Kerja dan      •   A certificate of merit from the Manpower and
   Transmigrasi Provinsi Banten terkait penghargaan           Transmigration Office of Banten Province in terms
   P2K3 dan P2-HIV AIDS tahun 2025                            of P2K3 and P2 HIV-AIDS in 2025.



                                                                                                                          429
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       01

                                                PERLINDUNGAN TERHADAP HAM,                               PROTECTING HUMAN RIGHTS,
     02                                         PERLINDUNGAN DARI PELECEHAN                              PROTECTION AGAINST SEXUAL
                                                SEKSUAL, DAN TINDAKAN                                    HARRASMENT, AND OTHER
                                                DISKRIMINASI LAINNYA                                     DISCRIMINATIONS
    03
                                                Selain memperhatikan tempat kerja yang aman dan          In addition to ensuring a safe workplace and protecting
                                                melindungi karyawan dari risiko fisik, Perseroan         employees from physical risks, the Company also
                                                juga melindungi karyawan dari risiko lainnya seperti     protects its employees from other risks, such as
      04
                                                pelanggaran terhadap Hak Asasi Manusia (HAM) dan         violations of human rights (HR) and incidents of sexual
                                                kejadian pelecehan seksual atau tindakan diskriminasi    harassment or other discriminatory actions.
                                                lainnya.
     05
                                                Sepanjang tahun 2025, tidak terdapat kejadian            Throughout 2025, there were no incidents of human
                                                pelanggaran terhadap hak asasi dari setiap karyawan.     rights violations against any employees. [ESG S-07]
    06                                          [ESG S-07]

                                                Perseroan juga memiliki kebijakan yang melindungi        The Company also has a policy that protects
                                                karyawan dari pelecehan dan tindakan diskriminasi        employees from harassment and other discriminatory
                                                lainnya. Kebijakan tersebut ditetapkan sesuai dalam      actions. This policy is stipulated in accordance with
                                                Kepmenaker Nomor 88 tahun 2023 tentang Pedoman           the Minister of Manpower Regulation No. 88 of 2023
                                                Pencegahan dan Penanganan Kekerasan Seksual di           regarding Workplace Prevention and Handling of Sexual
                                                Tempat Kerja. [ESG S-08]                                 Harassment in the Workplace. [ESG S-08]

                                                Perseroan juga mengikuti ketentuan mengenai              The Company also complies with the provisions on
                                                perlindungan hak asasi manusia (HAM) dalam peraturan     human rights (HAM) protection in labor regulations,
                                                ketenagakerjaan yaitu Undang-Undang Nomor 13 Tahun       namely Law No. 13 of 2003 on Manpower and Law No.
Laporan Keberlanjutan - Sustainability Report




                                                2003 tentang Ketenagakerjaan dan Undang-Undang           39 of 1999 on Human Rights, which guarantee workers'
                                                Nomor 39 Tahun 1999 tentang Hak Asasi Manusia, yang      rights to fair wages, workplace safety, and fair treatment.
                                                menjamin hak pekerja atas upah yang layak, keselamatan   [ESG S-09]
                                                kerja, dan perlakuan yang adil. [ESG S-09]




430
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                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                     Memastikan Kepuasan Pelanggan
                                                                   Ensuring Customer Satisfaction




PENGUNGKAPAN MANAJEMEN TOPIK                              DISCLOSURE OF MATERIAL TOPIC
MATERIAL [GRI 3-3]                                        MANAGEMENT [GRI 3-3]

Perseroan berkomitmen mengedepankan kepuasan              The Company is committed to prioritizing customer
pelanggan (klien) untuk menjaga keberlangsungan           (client) satisfaction to maintain business continuity




                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
bisnis melalui layanan berkualitas yang sesuai standar    through quality services that comply with industry
industri. Komitmen ini didukung dengan adanya Quality     standards. This commitment is supported by the
Assurance & Safety dan pemenuhan tuntutan regulasi        existence of Quality Assurance & Safety and fulfillment
dari berbagai otoritas penerbangan (DKPPU, EASA,          of regulatory demands from various aviation authorities
FAA, CASA, CAA UK dll) untuk menjamin safety, quality,    (DKPPU, EASA, FAA, CASA, CAA UK etc.) to ensure
airworthy.                                                safety, quality, airworthiness.



MENJAMIN KEPUASAN PELANGGAN                               ENSURING CUSTOMER SATISFACTION
[OJK F.17]                                                [OJK F.17]

Perseroan memiliki staf khusus di bidang Customer         The Company has a dedicated staff in Customer Service
Service yang bertanggung jawab menerima segala            responsible for receiving all complaints on aircraft
keluhan mengenai perawatan dan perbaikan pesawat          maintenance and repair. There is a guarantee that forms
yang tengah dijalankan. Terdapat garansi sebagai          as a way to increase the customers’ interest and trust.
salah satu cara untuk meningkatkan ketertarikan dan
kepercayaan dari pelanggan.

Perseroan juga memiliki Engineering Services yang         The Company also has Engineering Services which is
bertanggung jawab memastikan semua ketentuan dalam        responsible for ensuring that all obligations concerning
deliverable items dari GMF sesuai dengan contract         GMF deliverable have followed the contract agreement
agreement atau Procedure Manual (PRM). Engineering        or Procedure Manual (PRM). Engineering Services is also
Services juga bertanggung jawab menjalankan agenda        responsible to make the relationship with customers
customer intimacy melalui pertemuan atau survei berkala   more intimate through regular meetings or surveys to
untuk mendapatkan tanggapan yang dapat membangun          get responses that can build the quality of GMF services.
kualitas pelayanan GMF.

Perseroan juga memastikan adanya komunikasi               The Company also ensures close communication with
yang erat dengan pelanggan melalui berbagai media         customers through various communication media and
komunikasi dan aktivitas seperti direct selling, media    activities such as direct selling, mass media, electronic
massa, media elektronik, dan media cetak. Website         media, and print media. The GMF website is also
GMF juga senantiasa diperbarui secara berkala untuk       regularly updated to cover useful information about
memuat informasi mengenai produk/jasa yang berguna        products/services for customers.
bagi pelanggan.

Semua program tersebut dijalankan dengan                  All of these programs were carried out according to
berpegangan kepada standar kualitas yang berlaku di       the applicable industry’s quality standards including the
industri, termasuk salah satunya ISO 9001:2015 sebagai    international standard of ISO 9001:2015 in the quality
standar internasional di bidang sistem manajemen mutu.    management systems. The Company implements ISO
Perseroan mengimplementasikan ISO 9001:2015 ke            9001:2015 in the business processes to improve product
dalam proses bisnis untuk meningkatkan kualitas produk,   quality, business standards, and competitiveness.
standar bisnis, dan daya saing.




                                                                                                                      431
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       01

                                                SURVEI KEPUASAN PELANGGAN                                   CUSTOMER SATISFACTION SURVEY
     02                                         [OJK F.30]                                                  [OJK F.30]

                                                Perseroan terus menjalankan Survei Kepuasan Pelanggan       The Company has kept on conducting a Customer
    03                                          (Customer Satisfaction Index) yang terbukti efektif untuk   Satisfaction Index that has proven to be very effective
                                                mengukur tingkat kepuasan dan persepsi pelanggan            in measuring the customer’s satisfaction level and
                                                terhadap produk/layanan GMF. Hasil survei dapat             perceptions of GMF products/services. The Company
                                                digunakan Perseroan untuk mengetahui posisi GMF             can use the survey to determine the position of GMF
      04
                                                di peta persaingan agar dapat meningkatkan kualitas         on the competitive map to improve service quality. The
                                                pelayanan. Survei tahun 2025 telah dilakukan melalui        2025 survey has been conducted through Customer
                                                metode Customer Survey Index yang dilaksanakan 1            Survey Index once a year by the Sales & Marketing
     05                                         kali dalam setahun oleh Dinas Sales & Marketing dan         Service and the Quality Assurance & Safety Service, in
                                                Dinas Quality Assurance & Safety, bekerja sama dengan       collaboration with an independent surveyor to ensure
                                                independent surveyor untuk memastikan validitas data        the validity and independence of data.
    06                                          dan independensi.

                                                Total terdapat 16 pelanggan dengan kontribusi               In total there were 16 customers with the largest revenue
                                                pendapatan terbesar yang telah diwawancara sebagai          contribution who were interviewed as representatives.
                                                perwakilan responden untuk survei. Kriteria atau            The criteria or indicators for the survey were Quality
                                                indikator yang digunakan dalam survei adalah terkait        standards, TAT, Communication, Personal Competency
                                                dengan Quality standards, TAT, Communication,               & Availability.
                                                Personal Competency & Availability.

                                                Selama tahun 2025, GMF telah melaksanakan program           In 2025, GMF has implemented several programs to
                                                kerja yang bertujuan untuk menjaga kualitas dan             maintain quality and customer satisfaction, including:
                                                kepuasan pelanggan meliputi:
Laporan Keberlanjutan - Sustainability Report




                                                1. Complaint Handling                                       1. Complaint Handling
                                                   Guna memaksimalkan layanan pada pelanggan,                  To maximize its service to customers, GMF has
                                                   GMF menugaskan dedicated personnel yang                     assigned dedicated personnel as Customer
                                                   sebagai Customer Service yang bertanggung jawab             Service to receive all complaints regarding aircraft
                                                   menerima segala keluhan mengenai perawatan                  maintenance and repairs. The Complaint Handling
                                                   dan perbaikan pesawat yang tengah dijalankan.               has been running quite well and the Company will
                                                   Saat ini Complaint Handling telah berjalan dengan           assess its consistency to maximize its benefits to
                                                   cukup baik dan akan terus dievaluasi konsistensinya         customers. GMF has also provided a guarantee and
                                                   sehingga pelanggan dapat merasakan manfaatnya.              conducted an improvement program to make the
                                                   Selain itu, GMF juga telah memberikan garansi dan           customers more interested and trust.
                                                   improvement program sebagai salah satu cara untuk
                                                   meningkatkan ketertarikan dan kepercayaan dari
                                                   pelanggan.

                                                2. Customer Satisfaction Index                              2. Customer Satisfaction Index
                                                   Sebagai organisasi di bidang jasa, kepuasan                 As a service company, customer satisfaction must be
                                                   pelanggan merupakan faktor mutlak yang harus                maintained. The higher the customer satisfaction, the
                                                   diwujudkan. Semakin tinggi kepuasan pelanggan,              greater the trust that the Company will receive. GMF
                                                   maka semakin besar kepercayaan pasar. GMF                   has once again conducted a Customer Satisfaction
                                                   kembali melakukan Survei Kepuasan Pelanggan                 Index Survey to measure the customer satisfaction
                                                   ( Customer Satisfaction Index Survey ) untuk                level this year. This survey was aimed to measure
                                                   mengukur tingkat kepuasan pelanggan pada tahun              the level of satisfaction and customer perceptions of
                                                   ini. Survei ini bertujuan untuk mengukur tingkat            GMF products and services. Knowing GMF's position
                                                   kepuasan dan persepsi pelanggan terhadap produk             among competitors will make GMF more focused on
                                                   dan layanan GMF. Dengan mengetahui posisi GMF               improving its services.
                                                   di antara pesaing akan membuat GMF lebih fokus
                                                   dalam meningkatkan layanannya.

                                                   Pada tahun 2025, nilai Customer Satisfaction Indeks         In 2025, the GMF Customer Satisfaction Index value
                                                   GMF adalah sebesar 4,00 Pencapaian tersebut                 was .00 This achievement is equal with the 2024
                                                   sama dengan pencapaian tahun tahun 2024 yaitu               value of 4.00. The assessment was obtained from
                                                   sebesar 4,00. Penilaian survei tersebut didapatkan          a survey using two methods: CSI (direct interview
                                                   dari survei melalui dua metode yaitu CSI (metode            method with customers) and PPS PPS (post project
                                                   wawancara langsung dengan pelanggan) dan PPS                survey), which were filled out by customers after the


432
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                                                                                                                           PT Garuda Maintenance Facility Aero Asia Tbk
    (post project survey) yang diisi oleh pelanggan               work was completed. GMF is currently striving to
    setelah pengerjaan selesai. Adapun GMF saat ini               make improvements and consistently develop and
    masih terus berusaha melakukan perbaikan dan                  enhance the quality of service to customers.
    konsisten mengembangkan juga meningkatkan
    kualitas pelayanan terhadap pelanggan.

3. Customer Retention Program                                 3. Customer Retention Program
   Program ini bertujuan untuk menjaga hubungan baik             Through this program, GMF has an objective
   GMF dengan pelanggan. Dalam menjalankan bisnis                to maintain its relationship with customers.
   perawatan pesawat, komunikasi adalah hal yang                 Communication is important for an aircraft
   penting khususnya dalam menginformasikan segala               maintenance company, especially when informing
   perbaikan untuk meningkatkan kualitas perawatan               the improvements on the quality of aircraft
   pesawat dan mendapatkan umpan balik dari usaha                maintenance and getting feedback to create
   untuk melahirkan perbaikan berkelanjutan.                     continuous improvements.




                                                                                                                           Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
INOVASI PRODUK/LAYANAN [OJK F.26]                             INNOVATION IN PRODUCT/SERVICES
                                                              [OJK F.26]

Hingga akhir tahun 2025, tidak terdapat pelayanan GMF         Until the end of 2025, there were no services of
yang ditarik kembali dari pasar. GMF telah memastikan         GMF that were recalled. GMF has ensured that every
setiap produk yang dipasarkan telah melalui proses            marketed product has undergone rigorous inspection
inspeksi yang ketat. Selain itu GMF telah memiliki kontrak    processes. Additionally, GMFhas long-term contracts
jangka panjang dengan standar yang telah ditetapkan.          with established standards. [OJK F.29]
[OJK F.29]

Perseroan terus melakukan pengembangan kapabilitas            The Company continues to develop the capabilities
dan kapasitas di beberapa lini bisnis GMF. Pengembangan       and capacities of its business lines. The developments
yang berhasil dilakukan selama tahun 2025 adalah sebagai      throughout 2025 were:
berikut:


                          Produk                                             Pengembangan Kapabilitas
                          Product                                              Capability Development
 Airframe                                                    B737 Max, B787, A350

 Engine                                                      Leap 1A/1B

 Landing Gear                                                A320, B737 Max

 Industrial Solutions                                        Aerostructure


MENJAMIN KESEHATAN DAN                                        ENSURING CUSTOMERS HEALTH AND
KESELAMATAN PELANGGAN [OJK F.27]                              SAFETY [OJK F.27]

Perseroan memberikan perhatian kepada pelanggan
yang mencakup aspek kesehatan dan keselamatan                 The Company pays attention to the customers’ health
mereka. Unit kerja yang bertanggung jawab dalam               and safety. The responsible unit for maintaining the
menjaga kualitas produk dan layanan demi tercapainya          quality of products and services for the customer’s health
kesehatan dan keselamatan pelanggan adalah dinas              and safety is the Quality, Health, Safety & Environment,
Quality, Health, Safety & Environment dan Quality             and Quality Assurance & Safety Departments. There are
Assurance & Safety. Terdapat sejumlah standar kebijakan       standard policies to ensure the quality of products and
kerja untuk menjamin kualitas produk dan layanan yang         services that cares for the customer’s health and safety.
berkualitas dan memperhatikan aspek kesehatan dan
keselamatan pelanggan.

Fokus program kerja di bidang ini pada tahun 2025             For this subject, the focus for 2025 was was
adalah meningkatkan keterlibatan dan kesadaran                enhancement engagement and awareness of safety
terhadap isu-isu keselamatan untuk mengurangi angka           issues to reduce the incident/accident rate caused by
insiden/kecelakaan yang disebabkan oleh kesalahan             human error
manusia.




                                                                                                                           433
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       01

                                                DAMPAK PRODUK/JASA [OJK F.28]                             IMPACT OF PRODUCTS/SERVICES [OJK
     02                                                                                                   F.28]

                                                Sebagai perusahaan yang bergerak di bidang MRO,           As a company operating in the MRO sector, GMF has
    03                                          Perseroan telah memberikan dampak yang positif            had a positive impact on society, even if the impact can
                                                bagi masyarakat, walaupun dampaknya tidak dapat           not be felt directly by the society. Ensuring the safety
                                                dirasakan secara langsung. Keamanan dan kelaikan          and airworthiness of aircraft, whether for commercial
                                                udara sebuah pesawat terbang, baik untuk keperluan        passenger transportation or cargo services, supports
      04
                                                komersial (mengangkut penumpang) dan kargo untuk          economic activity by facilitating the movement of people
                                                barang, mendukung kegiatan ekonomi. Perpindahan           and goods. This smooth flow of economic activity is
                                                antara orang dan barang memastikan adanya kegiatan        instrumental in promoting overall economic growth.
     05                                         ekonomi yang lancar dan hal ini sangat bermanfaat untuk
                                                mendorong pertumbuhan ekonomi.

    06                                          Ekspansi bisnis GMF di bidang military juga membawa       Furthermore, GMF's expansion into the military sector
                                                dampak positif secara tidak langsung. Kehadiran armada    has also has indirect positive effects. The presence of a
                                                pesawat militer yang tangguh memastikan ketahanan         capable fleet of military aircraft contributes to national
                                                dan keamanan nasional.                                    resilience and security.

                                                Hingga saat ini, belum terdapat dampak negatif secara     Thus far, there have been no significant negative
                                                material yang muncul dari kegiatan operasional usaha.     impacts stemming from GMF's operational activities.
                                                GMF selalu mematuhi dan melaksanakan standar              The Company consistently adheres to and implements
                                                operasional sesuai praktik industri terbaik, terutama     operational standards in line with industry best practices,
                                                dalam hal pengelolaan limbah B3 dan keamanan              particularly in terms of B3 waste management and
                                                operasional sehingga tidak mengakibatkan dampak           operational safety, mitigating any potential adverse
                                                material bagi masyarakat.                                 effects on the community.
Laporan Keberlanjutan - Sustainability Report




                                                BIAYA TERKAIT PRODUK/JASA DAN                             COST OF PRODUCTS/SERVICES AND
                                                PELANGGAN                                                 CUSTOMERS

                                                Pada tahun 2025, Perseroan mengeluarkan biaya             In 2025, the Company spent Rp5,530,618,500 billion on
                                                sebesar Rp5,530,618,500 miliar untuk kegiatan promosi     promotional activities to engage customers as part of
                                                guna berinteraksi dengan pelanggan sebagai bentuk         its responsibility toward them.
                                                tanggung jawab sosial kepada mereka.

                                                                                                                                                             Dalam Rp
                                                                                                                                                                 In Rp


                                                                                            2025                                             2024

                                                                      Realization                         Realization          Realization             YoY
                                                                                           Target
                                                                      (Nominal)                              (%)                                    2024-2025
                                                 Promosi
                                                                       6,567,330,000      5,530,618,500            84,21%         3,994,748,636             64,40%
                                                 Promotion


                                                PENCAPAIAN TANGGUNG JAWAB                                 ACHIEVEMENT ON SOCIAL
                                                SOSIAL TERKAIT PRODUK/JASA DAN                            RESPONSIBILITY FOR PRODUCTS/
                                                PELANGGAN                                                 SERVICES AND CUSTOMERS

                                                Dalam pencapaian tanggung jawab sosial Perseroan          In terms of achieving its social responsibility related
                                                terkait produk/jasa dan pelanggan, Perseroan              to its products/services and customers, the Company
                                                mengukurnya melalui jumlah pengaduan pelanggan.           measures performance using the number of customer
                                                Berikut adalah status penyelesaian pengaduan              complaints. The following is the status of customer
                                                pelanggan dalam dua tahun terakhir:                       complaint resolution over the past two years:




434
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                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                               Status
                      Jumlah Keluhan    Jumlah Keluhan
                                                           Penyelesaian
  Tipe Keluhan            2025              2024                                 Upaya Penyelesaian
                                                            2024-2025
 Complaint Types        Number of         Number of                               Resolution Efforts
                                                          Resolution Status
                      Complaints 2024   Complaints 2024
                                                            2024-2025
                                                                              Meningkatkan pengawasan
                                                               Selesai        sesuai dengan standar
Quality                      5                15
                                                                Done          Enhancing super vision in
                                                                              accordance with standards

                                                                              Memeriksa dan melakukan
                                                                              perbaikan terhadap business
                                                               Selesai
On-Time Delivery             -                4                               process
                                                                Done
                                                                              Inspecting and improving
                                                                              business processes

                                                                              Melakukan capacity expansion,




                                                                                                                  Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                              penambahan, dan pelatihan untuk
                                                               Selesai        manpower
Capacity & Manpower          1                 2
                                                                Done          Conducting capacity expansion,
                                                                              additions, and training for
                                                                              manpower

                                                                              Melakukan perbaikan alur
                                                               Selesai        komunikasi internal dan eksternal
Communication                -                 1
                                                                Done          Improving internal and external
                                                                              communication flow

                                                                              Melakukan pengawasan proses
                                                               Selesai
Process                      -                3                               bisnis
                                                                Done
                                                                              Supervising business processes

                                                                              Melakukan pembenahan dan
                                                               Selesai        koordinasi secara berkala
Facility                     -                 1
                                                                Done          Performing regular improvements
                                                                              and coordination

Jumlah
                            5                 26
Total




                                                                                                                  435
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       01

                                                Tanggung Jawab Sosial Perusahaan
     02
                                                Corporate Social Responsibility

    03


      04
                                                VISI TANGGUNG JAWAB SOSIAL                                 VISION OF OUR SOCIAL
                                                                                                           RESPONSIBILITY
     05
                                                Mewujudkan tanggung jawab sosial perusahaan yang           To realize sustainable corporate social responsibility to
                                                berkelanjutan untuk menuju Most Value MRO Company.         become the Most Value MRO Company.
    06
                                                MISI TANGGUNG JAWAB SOSIAL                                 MISSION OF OUR SOCIAL
                                                                                                           RESPONSIBILITY

                                                Menjalankan program TJSL yang mampu memberikan             Running TJSL programs that are able to have a
                                                dampak yang berkelanjutan kepada stakeholders sesuai       sustainable impact on stakeholders in accordance
                                                dengan standar internasional (ISO 26000) maupun            with international standards (ISO 26000) as well as the
                                                peraturan nasional (Peraturan Otoritas Jasa Keuangan       national regulations (Regulation of Financial Services
                                                Nomor 51/POJK.03/2017 tentang Penerapan Keuangan           Authority No.51/POJK.03/2017 regarding Implementation
                                                Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten,          of Sustainable Finance for Financial Services Institutions,
                                                dan Perusahaan Publik).                                    Issuers, and Public Companies).
Laporan Keberlanjutan - Sustainability Report




                                                                                                           The Company has a Corporate Vision and Mission, as
                                                Perseroan memiliki Visi dan Misi Korporasi yang telah      disclosed in the Company Profile, which also serves as
                                                diungkapkan dalam Profil Perusahaan dan diperlakukan       its Sustainability Vision and Mission. The statement of
                                                sebagai Visi dan Misi Keberlanjutan. Pernyataan Visi dan   Social Responsibility Vision and Mission in this section
                                                Misi Tanggung Jawab Sosial di bagian ini menjadi bagian    is part of the sustainability strategy to strengthen GMF's
                                                strategi keberlanjutan untuk semakin memperkuat            overall sustainability practices.
                                                praktik keberlanjutan GMF secara keseluruhan.

                                                Tujuan pelaksanaan TJSL adalah untuk membina               CSR or TJSL has an objective to foster strong relations
                                                hubungan pihak internal dan eksternal guna mewujudkan      with internal and external parties to achieve business
                                                keberlanjutan bisnis. TJSL eksternal bertujuan untuk       sustainability. The Company supports the government
                                                mendukung pemerintah dalam membantu pencapaian             through external TJSL to achieve sustainable
                                                tujuan pembangunan berkelanjutan. TJSL internal            development goals. At the same time, internal TJSL will
                                                bertujuan untuk membangun hubungan harmonis dan            help to build a harmonious and conducive relationship
                                                kondusif dengan seluruh stakeholders dalam rangka          with all stakeholders to support the Company's vision
                                                mendukung pencapaian visi dan misi Perseroan.              and mission. The Company hopes to enhance its
                                                Aktivitas TJSL diharapkan akan meningkatkan reputasi       reputation and credibility through TJSL activities.
                                                dan kredibilitas Perseroan.

                                                DASAR PELAKSANAAN TJSL                                     BASIF OF TJSL IMPLEMENTATION

                                                Status GMF sebagai perusahaan terbuka dan bagian           As a public company and part of a SOE, GMF is obligated
                                                dari BUMN, mewajibkan Perseroan untuk menjalankan          to conduct social responsibility programs. Within the
                                                program tanggung jawab sosial. Dalam lingkungan            SOE environment, the program is known as Social and
                                                BUMN, program tersebut lebih dikenal dengan nama           Environmental Responsibility or TJSL.
                                                Tanggung Jawab Sosial dan Lingkungan atau TJSL.

                                                Dalam pembahasan di bab kali ini, pengungkapan             The disclosure of information in this chapter, focuses
                                                hanya akan difokuskan pada informasi TJSL, sesuai          solely on TJSL information, which encompasses various
                                                namanya, yaitu program yang berkaitan dengan               programs aimed at generating positive impacts for the
                                                dampak positif untuk kehidupan masyarakat dari sisi        society in terms of the social and environmental aspects.
                                                sosial dan lingkungan. Pembahasan lainnya terkait          Other discussions related to providing sustainable
                                                pemberian dampak berkelanjutan sesuai standar ISO          impacts in accordance with ISO 26000 standards
                                                26000 dan Peraturan Otoritas Jasa Keuangan Nomor           and Financial Services Authority Regulation Number
                                                51/POJK.03/2017 tentang Penerapan Keuangan                 51/POJK.03/2017 concerning the Implementation of

436
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                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten,         Sustainable Finance for Financial Services Institutions,
dan Perusahaan Publik akan diungkapkan lebih lanjut di    Issuers, and Public Companies will be discussed further
bagian Laporan Keberlanjutan setelah Laporan Tahunan      in the Sustainability Report section following this Annual
ini.                                                      Report.

Sebagai gambaran, berikut merupakan dasar hukum           As a general picture, the legal basis for implementing
pelaksanaan program TJSL yang berlaku di GMF:             the TJSL program at GMF includes:

1. UU No 40 tahun 2007 tentang Perseroan Terbatas;        1. Law No. 40 of 2007 concerning Limited Liability
                                                             Companies;
2. UU No. 19 Tahun 2003 tentang Badan Usaha Milik         2. Law No. 19 of 2003 concerning State-Owned
   Negara;                                                   Enterprises;
3. Undang-Undang No. 32 Tahun 2009 tentang                3. Law No. 32 of 2009 concerning Environmental
   Perlindungan dan Pengelolaan Lingkungan Hidup;            Protection and Management;




                                                                                                                        Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
4. Undang-Undang No. 13 Tahun 2011 tentang                4. Law No. 13 of 2011 concerning the Handling of the
   Penanganan Fakir Miskin;                                  Poor;
5. Peraturan Pemerintah No. 47 Tahun 2012 tentang         5. Government Regulation No. 47 of 2012 concerning
   Tanggung Jawab Sosial dan Lingkungan Perseroan            Social and Environmental Responsibility of Limited
   Terbatas;                                                 Liability Companies;
6. Peraturan Menteri Badan Usaha Milik Negara Nomor       6. Ministerial Regulation of State-Owned Enterprises
   PER-1/MBU/03/2023 Tahun 2023 tentang Penugasan            Number PER-1/MBU/03/2023 of 2023 concerning
   Khusus dan Program Tanggung Jawab Sosial dan              Special Assignments and the Social and
   Lingkungan Badan Usaha Milik Negara.                      Environmental Responsibility Program of State-
                                                             Owned Enterprises.

Kebijakan Pengelolaan Program Corporate Social            Management Policy of Corporate Social Responsibility
Responsibility GMF No. KB01-007 Edisi B Rev 0 tanggal     Program of GMS No. KB01-007 Edition B Rev 0 dated
16 November 2018 dan Prosedur Bisnis No. PB-13-005        November 16, 2018, and Business Procedure No. PB-
tanggal 29 September 2015.                                13-005 dated September 29, 2015.

PENGELOLA TJSL DAN ANGGARAN                               TJSL Manager and Budget

GMF telah membentuk Unit Corporate Communications &       GMF has formed a Corporate Communications & CSR
CSR di dalam struktur Corporate Secretary & Legal yang    Unit within the Corporate Secretary & Legal structure
bertanggung jawab secara khusus untuk menangani           that holds the responsibility of handling the TJSL
pelaksanaan kegiatan TJSL di Perseroan. Unit ini          activities at the Company. This unit is led by a Division
dipimpin oleh seorang Division Head yang bertanggung      Head who reports to the Corporate Secretary & Head
jawab kepada Corporate Secretary & Legal Group Head.      of the Legal Group.

GMF telah mengalokasikan dana terkait kegiatan            GMF has allocated funds for various TJSL programs
TJSL untuk program yang berkaitan dengan dampak           aimed at generating positive impacts for the society in
positif untuk kehidupan masyarakat dari sisi sosial dan   terms of the social and environmental aspects outlined
lingkungan yang diungkapkan dalam tabel berikut: [OJK     in the following Table: [OJK F.3]
F.3]

                                                                                                            Dalam Rp
                                                                                                                In Rp


                                            2025                                            2024

                          Realization                     Realization                                 YoY
                                          Target                             Realization
                          (Nominal)                          (%)                                   2024-2025
 P r o g r a m TJ S L
 untuk kehidupan
 Masyarakat dari sisi
 sosial dan lingkungan
 TJ S L p r o g r a m s    354,440,000   354,440,000               100%          352,500,000                  100%
 for the society in
 terms of social
 and environmental
 aspects




                                                                                                                        437
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       01

                                                PELAKSANAAN PROGRAM TJSL [ESG                              IMPLEMENTATION OF TJSL PROGRAMS
     02                                         S-12]                                                      [ESG S-12]

                                                Pilar Sosial [OJK F.23, F.25]                              Social Pillar [OJK F.23, F.25]
    03                                          GMF mengedukasi masyarakat mengenai keselamatan            GMF educates the public about aviation safety in
                                                penerbangan di Indonesia dengan memberikan                 Indonesia by providing opportunities for them to see
                                                kesempatan bagi mereka untuk melihat langsung proses       firsthand the MRO business process at the Company
                                                bisnis MRO di Perseroan (public visit). Pada tahun 2025,   through public visits. In 2025, the activities were as
      04
                                                kegiatan-kegiatan tersebut adalah sebagai berikut:         follows:
                                                • 141 pengunjung dari berbagai institusi, baik             • 141 people visited from various institutions, both
                                                    perusahaan maupun instansi pemerintah;                     companies and government agencies;
     05                                         • 1.029 siswa dari sekolah menengah dan universitas        • 1.029 students visited from high schools and
                                                    berkunjung;                                                universities;
                                                • 805 siswa dari sekolah menengah dan universitas          • 805 students from high schools and universities
    06                                              melakukan Praktik Kerja Lapangan dan menyelesaikan         conducted Field Work Practices and complete Final
                                                    Tugas Akhir di GMF dengan bekerja di berbagai unit         Assignments at GMF by working in various work units
                                                    kerja untuk mendapatkan pengalaman langsung                to gain real experience working in the MRO business
                                                    bekerja di lingkungan bisnis MRO.                          environment.

                                                Selain mengedukasi pihak eksternal, GMF juga               Apart from educating external parties, GMF also
                                                mengedukasi pihak internal, terutama mereka para           educates internal parties, especially GMF Heroes,
                                                GMF Heroes, melalui program pengembangan. Dari             through development programs. From a social
                                                sisi sosial, hal ini penting karena dapat memberikan       perspective, this is important as it provides them the
                                                mereka kesempatan untuk mengembangkan diri dan             opportunity to develop themselves and improve their
                                                meningkatkan karier sehingga dapat berdampak bagi          careers, impacting their overall economic welfare. In
                                                kesejahteraan ekonomi mereka secara keseluruhan.           2025, 620 in-house training programs were conducted
Laporan Keberlanjutan - Sustainability Report




                                                Pada tahun 2025, sebanyak 620 program inhouse              for 11.104 participants.
                                                training telah dilakukan untuk 11.104 peserta.


                                                GMF juga menjalankan beberapa program sosial yang          GMF also implemented several social programs in
                                                bekerja sama dengan beberapa pihak. Pada tahun 2025,       collaboration with various partners. In 2025, GMF
                                                GMF bekerja sama dengan Relawan Bakti BUMN, GEC,           worked together with Relawan Bakti BUMN, GEC, Rohis
                                                Rohis GMF,Palang Merah Indonesia, Yayasan Pena Ilmu        GMF, Indonesian Red Cross, and Yayasan Pena Ilmu in
                                                dalam penyaluran bantuan sosial perusahaan                 distributing corporate social assistance.

                                                GMF juga memberikan manfaat bagi seluruh masyarakat        GMF also provided benefits to the surrounding communities
                                                sekitar melalui kegiatan filantropi (sponsorship) untuk    through philanthropic (sponsorship) activities for various
                                                beberapa kegiatan yang dilakukan oleh sejumlah intitusi,   initiatives organized by several institutions, such as PT
                                                seperti PT GDPS, The Southeast Asia Workshop on            GDPS, The Southeast Asia Workshop on Aerospace
                                                Aerospace Engineering, Dharma Santi BUMN, ITB Ultra        Engineering, Dharma Santi BUMN, ITB Ultra Marathon,
                                                Marathon, HUT dan RKAP GEC.                                and for GEC’s anniversary and RKAP.

                                                Sepanjang tahun 2025, tidak terdapat keluhan yang          In 2025, the Company did not receive any complaint from
                                                datang masyarakat sekitar area operasional akibat dari     the community around operational areas. [OJK F.24]
                                                aktivitas operasional yang dilakukan Perseroan. [OJK
                                                F.24]

                                                Pilar Lingkungan [OJK F.23, F.25]                          ENVIRONMENTAL PILLAR [OJK F.23,
                                                                                                           F.25]
                                                Sebagai salah satu pelaku usaha aviasi yang                As one of the aviation industry players that contributes
                                                menyumbang emisi karbon melalui pembakaran                 to carbon emissions through aircraft fuel combustion,
                                                bahan bakar pesawat terbang, GMF berkomitmen               GMF is committed to delivering environmental benefits
                                                untuk dapat memberikan manfaat lingkungan melalui          through the Relawan Bakti BUMN program. In this
                                                program Relawan Bakti BUMN, GMF bekerja sama               initiative, GMF collaborates with several SOEs to carry
                                                dengan beberapa Perusahaan BUMN dalam perbaikian           out environmental restoration efforts in Mempawah,
                                                lingkungan di daerah Mempawah, Derwan dan juga Palu.       Derawan, and Palu.




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                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
Pilar Ekonomi                                               Economic Pillar
GMF berupaya untuk dapat meningkatkan taraf ekonomi         GMF strives to improve the economic level around its
di sekitar area operasional dengan melibatkan warga         operational areas by involving local residents as workers.
sekitar sebagai tenaga kerja lokal. GMF memberikan          GMF provides equal opportunities to all people who meet
kesempatan yang sama kepada seluruh masyarakat              the qualifications after passing through the recruitment
sesuai dengan kualifikasi yang ditentukan melalui proses    process. These local workers are those who came from
rekrutmen. Tenaga kerja lokal tersebut merupakan            the Tangerang City and Regency, Banten.
tenaga kerja yang berada di area Kota dan Kabupatan
Tangerang, Banten.

Rekrutmen yang dilakukan GMF akan memberikan                The recruitment conducted by GMF has a positive impact
dampak positif untuk memberikan mereka pengalaman           by providing local residents with basic work experience,
dasar dalam bekerja, menurunkan tingkat pengangguran,       reducing the unemployment rate, and increasing the
serta meningkatkan pendapatan masyarakat di sekitar         income of people around GMF’s operational areas.




                                                                                                                         Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
area operasional GMF. Sepanjang tahun 2025, GMF             Throughout 2025, GMF recruited 63 local workers
merekrut 63 orang fresh graduate di area Tangerang          through the Industrial Internship section.
untuk menjadi tenaga kerja lokal dalam bagian Magang
Industri.

Pilar Tata Kelola                                           Governance Pillar
GMF selalu bersikap transparan dengan memastikan            GMF always acts transparently by ensuring the disclosure
adanya keterbukaan informasi dan memastikan                 of information and ensuring that the management of the
pengelolaan Perseroan yang bebas dari praktik korupsi       Company is free from corrupt practices so that corporate
agar aktivitas tata Kelola perusahaan dapat terselenggara   governance activities can be carried out optimally.
dengan maksimal. GMF menolak segala pemberian dan/          GMF rejects all forms of giving and receiving bribes
atau peneriman suap dan memberlakukan pembatasan            and imposes restrictions on accepting gifts for all GMF
penerimaan hadiah bagi seluruh GMF Heroes dalam             Heroes in any form and for any purpose. In
bentuk apapun dan dalam rangka apapun. Dalam                practice, there is an obligation to report gift received
praktiknya, terdapat kewajiban dalam pelaporan dari         by the GMF unit responsible for implementing anti-
penerima hadiah kepada unit GMF yang bertanggung            corruption measures in the Company.
jawab atas pelaksanaan anti korupsi di Perseroan.

Sosialisasi dan komunikasi pencegahan korupsi secara        Periodic anti-corruption awareness and communication
berkala diadakan melalui media informasi internal           campaigns are conducted through the Company’s
Perseroan. Selain itu, Perseroan juga telah melakukan       internal information channels. In addition, the Company
publikasi terkait Kebijakan Whistleblowing System dan       has published information regarding the Whistleblowing
Pengendalian Gratifikasi melalui media digital di Area      System Policy and Gratification Control through digital
GMF. Pelaporan dapat dilakukan oleh pihak internal          media within the GMF area. Reports can be submitted by
maupun eksternal GMF melalui website Perseroan.             both internal and external parties through the Company's
Hasil dari pelaporan tersebut akan disampaikan secara       website. The results of such reports will be delivered
langsung kepada Direktur Utama.                             directly to the President Director.




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PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
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       01


     02
                                                Lembar Umpan Balik [OJK G.2]
                                                Feedback Form [OJK G.2]

    03


      04
                                                Kami meminta partisipasi kepada para pemangku                                               We request the participation of stakeholders to provide
                                                kepentingan untuk memberikan umpan balik melalui                                            feedback via email or fax/post mail after reading the
     05                                         e-mail atau mengirim formulir ini melalui fax/pos, setelah                                  Sustainability Report.
                                                membaca Laporan Keberlanjutan ini.

    06
                                                                                               Pertanyaan                                                            Setuju       Tidak Setuju
                                                                                                Question                                                             Agree          Disagree
                                                 Laporan ini telah memberikan informasi yang bermanfaat mengenai kinerja ekonomi.
                                                 This report has provided useful information regarding economic performance.

                                                 Data dan informasi yang diungkapkan mudah dipahami, lengkap, transparan, dan
                                                 berimbang.
                                                 The data and information disclosed are easy to understand, complete, transparent, and
                                                 balanced.

                                                 Data dan informasi yang disajikan berguna dalam pengambilan keputusan.
                                                 The data and information presented are useful in decision making.

                                                 Laporan ini menarik dan mudah dibaca.
                                                 The report is interesting and easy to read.
Laporan Keberlanjutan - Sustainability Report




                                                 * Berikan centang pada pernyataan yang Anda anggap paling tepat untuk setiap pertanyaan.
                                                 * Check the statement that you consider most appropriate for each question.




                                                Mohon berikan nilai mengenai aspek yang terdapat                                            Please provide a rating for the aspects in this
                                                dalam Laporan Keberlanjutan ini:                                                            Sustainability Report:
                                                • 1: paling penting                                                                         1: most important
                                                • 2: penting                                                                                2: important
                                                • 3: tidak penting                                                                          3: not important
                                                • 4: sangat tidak penting                                                                   4: very unimportant

                                                 Kinerja Ekonomi                                                                                 Kode Etik
                                                                                                                               [            ]                                         [       ]
                                                 Economic Performance                                                                            Code of Conduct

                                                 Kesehatan dan Keselamatan Kerja                                                                 Kepuasan Pelanggan
                                                                                                                               [            ]                                         [       ]
                                                 Occupational Health & Safety                                                                    Customer Satisfaction

                                                 Produk dan Layanan                                                                              Ketenagakerjaan
                                                                                                                               [            ]                                         [       ]
                                                 Products & Services                                                                             Employment

                                                 Pengembangan Sosial dan Kemasyarakatan                                                          Penggunaan Energi
                                                                                                                               [            ]                                         [       ]
                                                 Social & Community Development                                                                  Energy Usage



                                                 Mohon berikan komentar/saran/usulan bagi Laporan Keberlanjutan ini.
                                                 Please provide comments/suggestions for this Sustainability Report.




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                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
PROFIL                                                               PROFILE

Nama (bila berkenan)                                                 Name (if inclined)



Institusi/Perusahaan                                                 Institution/Company



Surel                                                                E-mail

Telepon/HP                                                           Phone/Mobile



Golongan Pemangku Kepentingan (berikan tanda ?)                      Category of Stakeholders (put ? in the box)




                                                                                                                       Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
            Pemerintah                                  Pekerja                                 Perusahaan
            Government                                 Employee                                  Company
Pemegang Saham                         Penyedia Barang dan Jasa                   Masyarakat Sekitar
Shareholders                           Goods and Services Provider                Local Community

Lembaga Pendidikan                     Industri                                   Media
Educational Institution                Industry                                   Media

Lembaga Swadaya Masyarakat             Lain-Lain, yaitu:
Non-Governmental Organization          Others, specifically:


Mohon kirimkan kembali Lembar Umpan Balik ini kepada:                Please send this Feedback Form to:

Rian Fajar Isnaeni
Corporate Secretary & Legal Group Head
Kantor Pusat | Head Office
PT Garuda Maintenance Facility Aero Asia Tbk
Lantai 2 Lobby Selatan Hangar 4 PT Garuda Maintenance Facility Aero Asia Tbk
Area Perkantoran Bandar Udara Soekarno Hatta International, Kelurahan Pajang, Kecamatan Benda, Kota Tangerang, 15125
PO. Box 1303, BUSH 19130


 Telepon                  +62 21 550 8717
 Phone
 (call center)            +62 21 550 8609

 Surel                    corporatecommunications@gmf-Aero Asia.co.id
 Email                    Marketing@gmf-Aero Asia.co.id




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       01


     02
                                                Indeks Isi POJK NO.51/OJK.03/2017 [OJK G.4]
                                                POJK NO.51/OJK.03/2017 Content Index [OJK G.4]

    03


      04
                                                 Indikator                                                     Penjelasan    Halaman
                                                  Indicator                                                    Description    Page
     05                                         Strategi Keberlanjutan
                                                Sustainability Strategy

                                                                Penjelasan Strategi Keberlanjutan
    06                                               A.1                                                                       60
                                                                Explanation on Sustainability Strategy

                                                Ikhtisar Kinerja Keberlanjutan
                                                Sustainability Performance Highlights

                                                                Ikhtisar Kinerja Ekonomi
                                                     B.1                                                                       372
                                                                Economic Performance Highlights

                                                                Ikhtisar Kinerja Lingkungan Hidup
                                                     B.2                                                                       372
                                                                Environmental Performance Highlihts

                                                                Ikhtisar Kinerja Sosial
                                                     B.3                                                                       372
                                                                Social Performance Highlights

                                                Profil Perusahaan
                                                Company Profile
Laporan Keberlanjutan - Sustainability Report




                                                                Visi, Misi, dan Nilai Keberlanjutan
                                                     C.1                                                                       60
                                                                Vision, Mission, and Value of Sustainability

                                                                Alamat Perusahaan
                                                     C.2                                                                       53
                                                                Company’s Address

                                                                Skala Perusahaan
                                                     C.3                                                                       54
                                                                Business Scale

                                                                Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
                                                     C.4                                                                       70
                                                                Products, services and Business Activities

                                                                Keanggotaan Pada Asosiasi
                                                     C.5                                                                       69
                                                                Member of Association

                                                                Perubahan Organisasi Bersifat Signifikan
                                                     C.6                                                                       74
                                                                Change of Significant Organization

                                                Penjelasan Direksi
                                                Directors Statement

                                                                Penjelasan Direksi
                                                     D.1                                                                       37
                                                                Directors Statement

                                                Tata Kelola Keberlanjutan
                                                Sustainability Governance

                                                                Penanggungjawab Penerapan Keuangan berkelanjutan
                                                     E.1                                                                       185
                                                                Management of Sustainable Finance Implementation

                                                                Pengembangan Kompetensi Terkait Keuangan berkelanjutan
                                                     E.2                                                                       412
                                                                Competency Development on Sustainable Finance

                                                                Penilaian Risiko Atas Penerapan Keuangan berkelanjutan
                                                     E.3                                                                       379
                                                                Risk Assessment for Sustainable Finance Implementation

                                                                Hubungan Dengan Pemangku Kepentingan
                                                     E.4                                                                       374
                                                                Stakeholder Engagement

                                                                Permasalahan Terhadap Penerapan Keuangan berkelanjutan
                                                     E.5                                                                       378
                                                                Challenges of Sustainable Financial Implementation

                                                Kinerja Keberlanjutan
                                                Sustainability Performance

                                                                Kegiatan Membangun Budaya Keberlanjutan
                                                     F.1                                                                       377
                                                                Building a Culture of Sustainability



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                                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
 Indikator                                                   Penjelasan                                                    Halaman
  Indicator                                                   Description                                                   Page
Kinerja Ekonomi
Economic Performance

                 Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan
                 dan Laba Rugi
     F.2                                                                                                                     153
                 Comparison of Performance Targets and Production, Portfolios, Financial Targets, or Investment, Revenue
                 and Profit and Loss

                 Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi Pada Instrumen Keuangan
                 atau Proyek yang Sejalan
     F.3                                                                                                                     400
                 Comparison of Performance Targets and Production, Portfolios, Financial Targets, or Investment on
                 Financial Instruments or Projects in Line with Sustainable Finance Implementation

Kinerja Lingkungan
Environmental Performance




                                                                                                                                      Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Umum
General

                 Biaya Lingkungan Hidup
     F.4                                                                                                                     400
                 Environmental Costs

Aspek Material
Material Aspects

                 Penggunaan Material Yang Ramah Lingkungan
     F.5                                                                                                                   392, 394
                 The Use of Environmentally Friendly Materials

Aspek Energi
Energy Aspects

                 Jumlah dan Intensitas Energi yang Digunakan
     F.6                                                                                                                     393
                  The Number and the Intensity of Energy Use

                 Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
     F.7                                                                                                                     393
                 The Efforts and Achievements of Energy Efficiency Including the Use of Renewable Energy Sources

Aspek Air
Water Aspects

                 Penggunaan Air
     F.8                                                                                                                     396
                 Water Consumption

Aspek Keanekaragaman Hayati
Biodiversity Aspects

                 Dampak Dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki
     F.9         Keanekaragaman Hayati                                                                                       399
                 The Impact of Operational Areas Near or in the Area of Conservation or Biodiversity

                 Usaha Konservasi Keanekaragaman Hayati
    F.10                                                                                                                     399
                 Biodiversity Conservation Efforts

Aspek Emisi
Emission Aspects

                 Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
     F.11                                                                                                                    394
                 The Number and Intensity of Emissions Produced by Type

                 Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
    F.12                                                                                                                     394
                 The Efforts and Achievement of Emission Reductions Undertaken

                 Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis
    F.13                                                                                                                     397
                 The Amount of Waste and Effluent Generated by Type

                 Mekanisme Pengelolaan Limbah dan Efluen
    F.14                                                                                                                     396
                 Waste and Effluent Management Mechanism

                 Tumpahan yang Terjadi (jika ada)
    F.15                                                                                                                     401
                 Spill that Occurred (if any)

                 Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima Dan Diselesaikan
    F.16                                                                                                                     401
                 The Number and Material Environmental Complaints Received and Resolved




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       01

                                                 Indikator                                                  Penjelasan                                                    Halaman
     02                                           Indicator                                                  Description                                                   Page
                                                Kinerja Sosial
                                                Social Performance
    03                                                          Komitmen LJK, Emiten, atau Perusahaan Publik untuk Memberikan Layanan atas Produk dan/ atau Jasa
                                                     F.17       yang Setara kepada Konsumen                                                                                 435
                                                                The Company’s Commitment to Deliver Products and/or Services Equivalent to the Consumer

      04                                        Aspek Ketenagakerjaan
                                                Employment Aspects

                                                                Kesetaraan Kesempatan Bekerja
                                                     F.18                                                                                                                   421
     05                                                         Equality of Employment Opportunities

                                                                Tenaga Kerja Anak dan Tenaga Kerja Paksa
                                                     F.19                                                                                                                   408
                                                                Child Labor and Forced Labor
    06                                                          Upah Minimum Regional
                                                    F.20                                                                                                                    422
                                                                The Minimum Wage

                                                                Lingkungan Bekerja yang Layak dan Aman
                                                     F.21                                                                                                                   402
                                                                Environmental Work Decent and Safe

                                                                Pelatihan dan Pengembangan Kemampuan Pegawai
                                                    F.22                                                                                                                    409
                                                                Training and Competency Development for Employees

                                                Aspek Masyarakat
                                                Community Aspects

                                                                Dampak Operasi Terhadap Masyarakat Sekitar
                                                    F.23                                                                                                                    442
                                                                Operational Impacts to Local Communities

                                                                Pengaduan Masyarakat
                                                    F.24                                                                                                                    442
                                                                Public Complaints
Laporan Keberlanjutan - Sustainability Report




                                                                Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)
                                                    F.25                                                                                                                    442
                                                                Social and Environmental Responsibility Activities

                                                Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
                                                Responsibility on the development of Sustainable Finance products and/or services

                                                                Inovasi dan Pengembangan Produk/Jasa Keuangan berkelanjutan
                                                    F.26                                                                                                                    437
                                                                Innovation and development of Sustainable Finance products and/or services

                                                                Produk/Jasa yang Sudah Dievaluasi Keamanannya Bagi Pelanggan
                                                    F.27                                                                                                                    437
                                                                Customer Safety

                                                                Dampak Produk/Jasa
                                                    F.28                                                                                                                    438
                                                                Impact of Products/Services

                                                                Jumlah Produk yang Ditarik Kembali
                                                    F.29                                                                                                                    437
                                                                The Number of Products Recalled

                                                                Survei Kepuasan Pelanggan Terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
                                                    F.30                                                                                                                    436
                                                                Survey of Customer Satisfaction

                                                Lain-lain
                                                Others

                                                                Verifikasi Tertulis dari Pihak Independen (jika Ada)
                                                     G.1                                                                                                                    11
                                                                Written Verification from an Independent Party, if Any

                                                                Lembar Umpan Balik
                                                     G.2                                                                                                                    446
                                                                Feedback Form

                                                                Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya
                                                     G.3                                                                                                                    11
                                                                Response to Feedback from the Prior Year

                                                                Daftar Pengungkapan Sesuai POJK 51/2017 tentang Penerapan Keuangan Berkelanjutan bagi Lembaga
                                                                Jasa Keuangan, Emiten dan Perusahaan Publik
                                                     G.4                                                                                                                    448
                                                                List of Disclosures in accordance with POJK 51/2017 regarding the Implementation of Sustainable Finance
                                                                for Financial Service Institutions, Issuers and Public Companies




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                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                  Indeks Isi Consolidated GRI Standard 2021
                                               Consolidated Content Index of GRI Standard 2021




INDEKS ISI STANDAR
        GRI                                                       PENGUNGKAPAN                                           HAL
  CONTENT INDEX GRI                                                  DISCLOSURE                                          PAGE
     STANDARD
                             GMF telah menyampaikan informasi yang tercantum dalam Indeks Konten GRI ini untuk periode pelaporan
Pernyataan Penggunaan        1 Januari 2025 sampai dengan 31 Desember 2025 dengan mengacu pada Standar GRI.




                                                                                                                                     Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
Statement of Use             GMF has reported the information cited in this GRI content index for the period January 1, 2025 until
                             December 31, 2025 with reference to the GRI Standards.

                             GRI 1: LANDASAN 2021
GRI
                             GRI 1: FOUNDATION 2021

                             Organisasi dan Praktik Pelaporan
                             The Organization and its Reporting Practices

                                                      Detail organisasi
                             GRI 2-1                                                                                      52
                                                      Organizational details

                                                      Entitas yang termasuk dalam pelaporan keberlanjutan
                             GRI 2-2                                                                                      11
                                                      Entities included in the organization’s sustainability reporting

                                                      Periode pelaporan, frekuensi dan titik kontak
                             GRI 2-3                                                                                      11
                                                      Reporting period, frequency and contact point

                                                      Informasi tentang penyajian kembali
                             GRI 2-4                                                                                      11
                                                      Restatements of information

                                                      Asurans Eksternal
                             GRI 2-5                                                                                      11
                                                      External assurance

                             Aktivitas dan Pekerja
                             Activities and workers

                                                      Aktivitas, rantai pasok, dan relasi bisnis lainnya
                             GRI 2-6                                                                                      70
                                                      Activities, value chain and other business relationships

GRI 2: Pengungkapan Umum                              Karyawan
                             GRI 2-7                                                                                      97
2021                                                  Employees
GRI 2: General Disclosures
2021                                                  Pekerja yang bukan karyawan
                             GRI 2-8                                                                                      99
                                                      Workers who are not employees

                             Tata Kelola
                             Governance

                                                      Struktur dan komposisi tata kelola
                             GRI 2-9                                                                                      185
                                                      Governance structure and composition

                                                      Nominasi dan pemilihan badan tata kelola tertinggi
                             GRI 2-10                                                                                     248
                                                      Nomination and selection of the highest governance body

                                                      Ketua badan tata kelola tertinggi
                             GRI 2-11                                                                                     185
                                                      Chair of the highest governance body

                                                      Peran badan tata kelola tertinggi dalam mengawasi pengelolaan
                                                      dampak
                             GRI 2-12                                                                                     186
                                                      Role of the highest governance body in overseeing the management
                                                      of impacts

                                                      Pendelegasian tanggung jawab untuk mengelola dampak
                             GRI 2-13                                                                                     186
                                                      Delegation of responsibility for managing impacts

                                                      Peran badan tata kelola tertinggi dalan pelaporan keberlanjutan
                             GRI 2-14                                                                                     37
                                                      Role of the highest governance body in sustainability reporting




                                                                                                                                     447
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       01

                                                INDEKS ISI STANDAR
     02                                                 GRI                                                     PENGUNGKAPAN                                        HAL
                                                  CONTENT INDEX GRI                                                 DISCLOSURE                                      PAGE
                                                     STANDARD

                                                                                                    Benturan kepentingan
    03                                                                       GRI 2-15
                                                                                                    Conflicts of interest
                                                                                                                                                                     243

                                                                                                    Komunikasi kepedulian terhadap permasalahan kritikal
                                                                             GRI 2-16                                                                                361
                                                                                                    Communication of critical concerns
      04
                                                                                                    Pengetahuan kolektif dari badan tata kelola tertinggi
                                                                             GRI 2-17                                                                                412
                                                                                                    Collective knowledge of the highest governance body

     05                                                                      GRI 2-18
                                                                                                    Evaluasi kinerja badan tata kelola tertinggi
                                                                                                                                                                     252
                                                                                                    Evaluation of the performance of the highest governance body

                                                                                                    Kebijakan remunerasi
                                                                             GRI 2-19                                                                                254
    06                                                                                              Remuneration policies

                                                                                                    Proses untuk menentukan remunerasi
                                                                             GRI 2-20                                                                                254
                                                                                                    Process to determine remuneration

                                                                                                    Rasio kompensasi total tahunan
                                                                             GRI 2-21                                                                                259
                                                                                                    Annual total compensation ratio

                                                                             Strategi, Kebijakan dan Praktik
                                                                             Strategy, Policies and Practices

                                                                                                    Pernyataan tentang strategi pembangunan berkelanjutan
                                                                             GRI 2-22                                                                                 37
                                                                                                    Statement on sustainable development strategy

                                                                                                    Komitmen kebijakan
                                                                             GRI 2-23                                                                                 60
                                                                                                    Policy commitments

                                                                                                    Menanamkan komitmen kebijakan
Laporan Keberlanjutan - Sustainability Report




                                                                             GRI 2-24                                                                                 63
                                                                                                    Embedding policy commitments

                                                                                                    Proses untuk memulihkan dampak negatif
                                                                             GRI 2-25                                                                                361
                                                                                                    Processes to remediate negative impacts

                                                                                                    Mekanisme pemberian umpan balik/saran dan menyampaikan
                                                                             GRI 2-26               kekhawatiran                                                     361
                                                                                                    Mechanisms for seeking advice and raising concerns

                                                                                                    Kepatuhan terhadap hukum dan peraturan
                                                                             GRI 2-27                                                                                347
                                                                                                    Compliance with laws and regulations

                                                                                                    Keanggotaan asosiasi
                                                                             GRI 2-28                                                                                 69
                                                                                                    Membership associations

                                                                             Keterlibatan Pemangku Kepentingan
                                                                             Stakeholder Engagement

                                                                                                    Pendekatan keterlibatan pemangku kepentingan
                                                                             GRI 2-29                                                                                374
                                                                                                    Approach to stakeholder engagement

                                                                                                    Perjanjian kerja bersama
                                                                             GRI 2-30                                                                                387
                                                                                                    Collective bargaining agreements

                                                                                                    Proses menentukan topik material
                                                                             GRI 3-1                                                                                  12
                                                                                                    Process to determine material topics

                                                GRI 3: Topik Material 2021                          Daftar topik material
                                                                             GRI 3-2                                                                                  12
                                                GRI 3: Material Topic 2021                          List of material topics

                                                                                                    Pengelolaan Topik Material                                     386, 390,
                                                                             GRI 3-3
                                                                                                    Management of Material Topics                                  402, 435,

                                                TOPIK EKONOMI
                                                Economic Topic

                                                GRI 201: Kinerja Ekonomi
                                                2016                                                Nilai ekonomi langsung yang dihasilkan dan didistribusikan
                                                                             GRI 201-1                                                                               386
                                                GRI 201: Economic                                   Direct economic value generated and distributed
                                                Performance 2016




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                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
INDEKS ISI STANDAR
        GRI                                           PENGUNGKAPAN                                                   HAL
  CONTENT INDEX GRI                                        DISCLOSURE                                                PAGE
     STANDARD

                                           Implikasi finansial serta risiko
                                           dan peluang lain akibat dari perubahan iklim
                               GRI 201-2                                                                             380
                                           Financial implications and other risks and opportunities due to climate
                                           change

                                           Kewajiban program pensiun manfaat pasti dan program pension
                               GRI 201-3   lainnya                                                                   387
                                           Defined benefit plan obligations and other retirement plans

                                           Bantuan finansial yang diterima dari pemerintah
                               GRI 201-4                                                                             388
                                           Financial assistance received from government

GRI 204: Praktik Pengadaan
2016                                       Proporsi pengeluaran untuk pemasok lokal




                                                                                                                            Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                               GRI 204-1                                                                             388
GRI 204: Procurement                       Proportion of spending on local suppliers
Practices 2016

TOPIK LINGKUNGAN
Environmental Topic

                                           Konsumsi energi dalam organisasi
                               GRI 302-1                                                                             393
                                           Energy consumption within the organization

GRI 302: Energi 2016                       Intensitas energi
                               GRI 302-3                                                                             393
                                           Energy intensity

                                           Pengurangan konsumsi energi
                               GRI 302-4                                                                             393
                                           Reduction of energy consumption

GRI 303: Air dan Efluen 2018
                                           Konsumsi air
G R I 3 0 3 : Wa t e r a n d   GRI 303-5                                                                             396
                                           Water consumption
Effluents 2018

                                           Emisi GRK (Cakupan 1) langsung
                               GRI 305-1                                                                             394
                                           Direct (Scope 1) GHG emissions

                                           Emisi energi GRK (Cakupan 2) tidak langsung
                               GRI 305-2                                                                             394
GRI 305: Emisi 2016                        Energy indirect (Scope 2) GHG emissions
GRI 305: Emission 2016                     Intensitas emisi GRK
                               GRI 305-4                                                                             394
                                           GHG emissions intensity

                                           Pengurangan emisi GRK
                               GRI 305-5                                                                             394
                                           Reduction of GHG emissions

GRI 306: Limbah 2020                       Timbulan limbah dan dampak signifikan terkait limbah
                               GRI 306-1                                                                             397
GRI 306: Waste 2020                        Waste generation and significant waste-related impacts

                                           Manajemen dampak signifikan terkait limbah
                               GRI 306-2                                                                             397
                                           Management of significant waste-related impacts

                                           Limbah yang dikirimkan ke pembuangan akhir
                               GRI 306-5                                                                             397
                                           Waste directed to disposal

TOPIK SOSIAL
Social Topic

                                           Perekrutan karyawan baru dan pergantian karyawan
                               GRI 401-1                                                                             407
                                           New employee hires and employee turnover

GRI 401: Kepegawaian 2016                  Tunjangan yang diberikan kepada karyawan purnawaktu yang tidak
GRI 401: Employment 2016                   diberikan kepada karyawan pada kurun waktu tertentu atau paruh
                               GRI 401-2   waktu                                                                     422
                                           Benefits provided to full-time employees that are not provided to
                                           temporary or part-time employees




                                                                                                                            449
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       01

                                                INDEKS ISI STANDAR
     02                                                 GRI                                            PENGUNGKAPAN                                                HAL
                                                  CONTENT INDEX GRI                                        DISCLOSURE                                              PAGE
                                                     STANDARD

                                                                                            Sistem manajemen kesehatan dan keselamatan kerja
    03                                                                         GRI 403-1
                                                                                            Occupational health and safety management system
                                                                                                                                                                   402

                                                                                            Pengidentifikasian bahaya, penilaian risiko, dan investigasi insiden
                                                                               GRI 403-2                                                                           426
                                                                                            Hazard identification, risk assessment, and incident investigation
      04
                                                                                            Layanan kesehatan kerja
                                                                               GRI 403-3                                                                           427
                                                                                            Occupational health services

     05                                                                                     Partisipasi, konsultasi, dan komunikasi pekerja tentang kesehatan
                                                                                            dan keselamatan kerja
                                                                               GRI 403-4                                                                           430
                                                GRI 403: Kesehatan dan                      Worker participation, consultation, and communication on
                                                Keselamatan KERJA 2018                      occupational health and safety
    06                                          GRI 403: Occupational                       Peningkatan kualitas kesehatan pekerja
                                                Health and Safety 2018         GRI 403-6                                                                           432
                                                                                            Promotion of worker health

                                                                                            Pencegahan dan mitigasi dampak-dampak kesehatan dan
                                                                                            keselamatan kerja yang secara langsung terkait hubungan bisnis
                                                                               GRI 403-7                                                                           432
                                                                                            Prevention and mitigation of occupational health and safety impacts
                                                                                            directly linked by business relationships

                                                                                            Kecelakaan kerja
                                                                               GRI 403-9                                                                           431
                                                                                            Work-related injuries

                                                                                            Penyakit Akibat Kerja
                                                                               GRI 403-10                                                                          431
                                                                                            Work-related ill health

                                                GRI 405: Keanekaragaman                     Keanekaragaman badan tata kelola dan karyawan
                                                                               GRI 405-1                                                                            97
                                                dan Peluang Setara                          Diversity of governance bodies and employees
Laporan Keberlanjutan - Sustainability Report




                                                2016
                                                GRI 405: Diversity and Equal                Rasio gaji pokok dan remunerasi perempuan dibandingkan laki-laki
                                                                               GRI 405-2                                                                           422
                                                Opportunity 2016                            Diversity of governance bodies and employees

                                                GRI 406: Nondiskriminasi
                                                2016                                        Insiden diskriminasi dan tindakan perbaikan yang dilakukan
                                                                               GRI 406-1                                                                           421
                                                GRI 406: Non-discrimination                 Incidents of discrimination and corrective actions taken
                                                2016




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                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
              Keselarasan Laporan Keberlanjutan Dengan
                                             Metrik ESG
                            Alignment of the Sustainability Report with ESG Metrics


    Kinerja     Kode                                     Nama Metrik                                    Halaman
  Performance   Code                                     Matrix Name                                     Page
                       Laporan Emisi Gas Rumah Kaca
                E-01                                                                                      395
                       Greenhouse Gas Emissions Report

                       Intensitas Emisi Gas Rumah Kaca
                E-02                                                                                      395
                       Greenhouse Gas Emission Intensity




                                                                                                                  Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                       Konsumsi Energi Listrik
                E-03                                                                                      393
                       Electricity Consumption

Lingkungan             Konsumsi Air
                E-04                                                                                      396
Environment            Water Consumption

                       Limbah yang Dihasilkan
                E-05                                                                                      397
                       Generated Waste

                       Komitmen Perusahaan untuk Mencapai Target Net Zero Emission
                E-06                                                                                      395
                       Company Commitment to Achieving Net Zero Emission Target

                       Komitmen Perusahaan untuk mengurangi Emisi Gas Rumah Kaca
                E-07                                                                                      395
                       Company Commitment to Reducing Greenhouse Gas Emissions

                       Kesetaraan Gender
                S-01                                                                                      421
                       Gender Equality

                       Pegawai Berdasarkan Gender dan Kelompok Umur
                S-02                                                                                      422
                       Employees by Gender and Age Group

                       Tingkat Pergantian Pegawai
                S-03                                                                                      409
                       Employee Turnover Rate

                       Jumlah Pegawai Sementara
                S-04                                                                                      99
                       Number of Temporary Employees

                       Pelatihan dan Pengembangan Pegawai
                S-05                                                                                      412
                       Employee Training and Development

                       Jumlah Kecelakaan Kerja
                S-06                                                                                      432
                       Number of Workplace Accidents
Sosial
Social                 Kejadian Pelanggaran Hak Asasi Manusia
                S-07                                                                                      434
                       Incidents of Human Rights Violations

                       Kebijakan Pelecehan Seksual dan/atau Non-diskriminasi
                S-08                                                                                      434
                       Sexual Harassment and/or Non-Discrimination Policy

                       Kebijakan Mengenai Hak Asasi Manusia
                S-09                                                                                      434
                       Human Rights Policy

                       Kebijakan Pekerja Anak dan/atau Pekerja Paksa
                S-10                                                                                      408
                       Child Labor and/or Forced Labor Policy

                       Kebijakan Mengenai Kesehatan dan Keselamatan Kerja serta Lingkungan Kerja yang
                       Aman dan Layak diberikan Kepada Seluruh Karyawan
                S-11                                                                                      427
                       Policy on Occupational Health and Safety and Providing a Safe and Proper Work
                       Environment for All Employees

                S-12   Corporate Social Responsibility                                                    442




                                                                                                                  451
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       01

                                                    Kinerja     Kode                                       Nama Metrik                     Halaman
     02                                           Performance   Code                                       Matrix Name                      Page
                                                                       Keberagaman Manajemen dan Independensi
                                                                G-01                                                                         248
                                                                       Management Diversity and Independence
    03                                                                 Total Kehadiran Direksi dan Komisaris ke Rapat Dewan
                                                                G-02                                                                         273
                                                                       Total Attendance of Directors and Commissioners at Board Meetings

                                                                       Kebijakan Pemisahan Chairman of the Board dan CEO
                                                                G-03                                                                         408
      04                                                               Policy on Separation of Chairman of the Board and CEO

                                                                       Kebijakan Penilaian Dewan Direksi dan Komisaris
                                                                G-04                                                                         252
                                                                       Board of Directors and Commissioners Assessment Policy
     05                                         Tata Kelola            Kebijakan Pelatihan Dewan Direksi dan Komisaris
                                                                G-05                                                                         248
                                                Governance             Board of Directors and Commissioners Training Policy

                                                                       Kriteria Khusus Pemilihan Dewan
    06                                                          G-06
                                                                       Specific Criteria for Board Selection
                                                                                                                                             248

                                                                       Kode Etik dan/atau Anti-Korupsi
                                                                G-07                                                                       352, 355
                                                                       Code of Ethics and/or Anti-Corruption Policy

                                                                       Kebijakan Perlakuan Adil terhadap Pemegang Saham
                                                                G-08                                                                         221
                                                                       Fair Treatment Policy for Shareholders

                                                                       Pencegahan Konflik Kepentingan
                                                                G-09                                                                         243
                                                                       Conflict of Interest Prevention
Laporan Keberlanjutan - Sustainability Report




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                                                                                                                                                     453
PT Garuda Maintenance Facility Aero Asia Tbk   Expanding Global Footprint and Diversifying Excellence for Sustainable Global Growth
                                                                                            Halaman Sengaja Dikosongkan
                                                                                                                     Page Intentionally Left Blank
Page 454
      Laporan Keuangan - Financial Report




454
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                                                                                                       455
PT Garuda Maintenance Facility Aero Asia Tbk   Operational Excellence For Reliable Aviation Services
                                                      Financial
                                                        Report
Page 456
                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA 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 for the year then ended
                                      with independent auditor’s report
Laporan Keuangan - Financial Report




456
Page 457
                                                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                 The original consolidated financial statements
                                                                                                  included herein are in Indonesian language.

                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA 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 THEN ENDED
               TANGGAL TERSEBUT                                                        WITH INDEPENDENT AUDITOR’S REPORT
      BESERTA LAPORAN AUDITOR INDEPENDEN


                                 Daftar Isi                                                            Table of Contents


                                                                           Halaman/




                                                                                                                                                      Operational Excellence For Reliable Aviation Services
                                                                             Page

Surat Pernyataan Direksi                                                                        Statement Letter of the Board of Directors

Laporan Auditor Independen                                                                                    Independent Auditor’s Report

Laporan Posisi Keuangan                                                                                                 Consolidated Statement of
   Konsolidasian ......................................................       1-3         .......................................Financial Position

Laporan Laba Rugi dan Penghasilan                                                                 Consolidated Statement of Profit or Loss
   Komprehensif Lain Konsolidasian .........................                  4-5         ............ and Other Comprehensive Income

Laporan Perubahan Ekuitas                                                                                               Consolidated Statement of
   Konsolidasian .......................................................       6          ......................................Changes in Equity

Laporan Arus Kas Konsolidasian ...............................                7-8         .......... Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan                                                                                            Notes to the Consolidated
   Konsolidasian .......................................................     9-120        ................................. Financial Statements




                                                                   **************************




                                                                                                                                                      457
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      Laporan Keuangan - Financial Report




458
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                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                       The original report included herein is in
                                                                                                      the Indonesian language.

Laporan Audit or Independen                                        Independent Audit or’s Report

Laporan No.                   00282/ 2.1505/ AU.1/ 10/ 1749-       Report       No.   00282/ 2.1505/ AU.1/ 10/ 1749-
1/ 1/ III/ 2026                                                    1/ 1/ III/ 2026




                                                                                                                                   Operational Excellence For Reliable Aviation Services
Pemegang Saham, Dewan Komisaris, dan                               The Shareholders and t he Boards of
Direksi                                                            Commissioners and Direct ors
PT Garuda Maint enance Facilit y Aero Asia Tbk                     PT Garuda Maint enance Facilit y Aero Asia Tbk

Opini                                                              Opinion

Kami telah mengaudit laporan keuangan                              We have audited the accompanying consolidated
konsolidasian PT Garuda Maintenance Facility                       financial statements of PT Garuda Maintenance
Aero Asia Tbk (“ Perusahaan” ) dan entitas                         Facility Aero Asia Tbk (the “ Company” ) and its
anaknya (secara kolektif disebut sebagai “ Grup” )                 subsidiary (collectively referred to as the “ Group” ),
terlampir, yang terdiri dari laporan posisi                        which comprise the consolidated statement of
keuangan konsolidasian tanggal 31 Desember                         financial position as of December 31, 2025, and
2025, serta laporan laba rugi dan penghasilan                      the consolidated statement of profit or loss and
komprehensif     lain   konsolidasian,    laporan                  other comprehensive income, consolidated
perubahan ekuitas konsolidasian, dan laporan                       statement of changes in equity, and consolidated
arus kas konsolidasian untuk tahun yang berakhir                   statement of cash flows for the year then ended,
pada tanggal tersebut, serta catatan atas laporan                  and notes to the consolidated financial statements,
keuangan konsolidasian, termasuk informasi                         including material accounting policy information.
kebijakan akuntansi material.

Menurut     opini   kami,  laporan    keuangan                     In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar,                   financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan                     respects, the consolidated financial position of the
konsolidasian Grup tanggal 31 Desember 2025,                       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.




 KAP Purwanto Susanti dan Surja
 Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
                                                               i
 A member firm of Ernst & Young Global Limited
                                                                                                                                   459
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                                                                                                                     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. 00282/ 2.1505/ AU.1/ 10/ 1749-               Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
                                      1/ 1/ III/ 2026 (lanjutan)                               1/ 1/ III/ 2026 (continued)


                                      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 Statements paragraph of our report. We
                                      independen      terhadap   Grup     berdasarkan          are independent of the Group in accordance with
                                      ketentuan etika yang relevan dalam audit kami            the ethical requirements relevant to our audit of
                                      atas laporan keuangan konsolidasian di Indonesia,        the consolidated financial statements in Indonesia,
                                      dan kami telah memenuhi tanggung jawab etika             and we have fulfilled our other ethical
                                      lainnya berdasarkan ketentuan tersebut. Kami             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
Laporan Keuangan - Financial Report




                                      basis bagi opini kami.                                   provide a basis for our opinion.

                                      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
                                      yang paling signifikan dalam audit kami atas             in our audit of the consolidated financial
                                      laporan keuangan konsolidasian periode kini. Hal         statements of the current period. Such key audit
                                      audit utama tersebut disampaikan dalam konteks           matters were addressed in the context of our audit
                                      audit kami atas laporan keuangan konsolidasian           of the consolidated financial statements taken as a
                                      secara keseluruhan, dan dalam merumuskan opini           whole, and in forming our opinion thereon, and we
                                      kami atas laporan keuangan konsolidasian terkait,        do not provide a separate opinion such key audit
                                      dan kami tidak menyatakan suatu opini terpisah           matter. 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 audit utama
                                      tersebut disampaikan dalam konteks tersebut.




                                                                                          ii
460                                    A member firm of Ernst & Young Global Limited
Page 461
                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                              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. 00282/ 2.1505/ AU.1/ 10/ 1749-                Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
1/ 1/ III/ 2026 (lanjutan)                                1/ 1/ III/ 2026 (continued)


Hal audit ut ama (lanjut an)                              Key audit mat t ers (cont inued)




                                                                                                                          Operational Excellence For Reliable Aviation Services
Kami telah memenuhi tanggung jawab yang                   We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab                   the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan              Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                 our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                    matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,            audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang             designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas              of material misst atement 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.

Pengakuan dan pengukuran pendapatan                       Recognition and measurement of revenue

Penjelasan atas hal audit utama:                          Description of the key audit matter:

Pendapatan Grup untuk tahun yang berakhir pada            The Group’s revenue for the year ended December
tanggal 31 Desember 2025 adalah sebesar                   31, 2025 was amounting to US$491.9 million, and
AS$491,9 juta, dan sebesar AS$390,0 juta                  US$390.0 million of which was from aircraft repair
merupakan jasa reparasi dan perbaikan berat               and overhaul services. Revenue is an important
(overhaul). Pendapatan merupakan ukuran                   measurement used to evaluate the Group’s
penting yang digunakan untuk mengevaluasi                 performance and is the primary driving factor for
kinerja Grup dan merupakan faktor utama yang              profitability. Revenue is recognized when control
mendorong profitabilitas. Pendapatan dicatat              of the service is transferred to the customers at an
ketika kendali atas jasa dialihkan ke pelanggan           amount that reflects the consideration to which the
pada jumlah yang mencerminkan imbalan yang                Group expects to be entitled in exchange for those
diharapkan Grup dapat diperoleh sebagai                   services.     Particularly for aircraft repair and
pertukaran atas jasa tersebut. Khusus untuk jasa          overhaul services, the revenue is recognized and
reparasi   dan    perbaikan     berat  pesawat,           measured using the output method to determine
pendapatannya dicatat dan diukur dengan                   the progress of the service as the performance
menggunakan metode output untuk mengukur                  obligation is satisfied.
kemajuan jasa ketika kewajiban pelaksanaan
terpenuhi.




                                                    iii
 A member firm of Ernst & Young Global Limited                                                                            461
Page 462
                                                                                                                               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. 00282/ 2.1505/ AU.1/ 10/ 1749-                          Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
                                      1/ 1/ III/ 2026 (lanjutan)                                          1/ 1/ III/ 2026 (continued)


                                      Hal audit ut ama (lanjut an)                                        Key audit mat t ers (cont inued)

                                      Pengakuan               dan          pengukuran   pendapatan        Recognition    and     measurement           of    revenue
                                      (lanjutan)                                                          (continued)

                                      Penjelasan atas hal audit utama: (lanjutan)                         Description of the key audit matter: (continued)

                                      Pendapatan mungkin diakui dan diukur secara                         Revenue may be inappropriately recognized and
                                      tidak tepat untuk meningkatkan hasil usaha dan                      measured to enhance business results and achieve
                                      mencapai pertumbuhan pendapatan sejalan                             revenue growth in line with the objectives of the
                                      dengan tujuan Grup, sehingga meningkatkan                           Group, thereby increasing the risk of material
                                      risiko salah saji material, yang terutama terkait                   misstatement, which primarily related to the
                                      dengan pengakuan dan pengukuran atas                                recognition and measurement of revenue for
                                      pendapatan jasa reparasi dan perbaikan berat                        aircraft repairs and overhaul services which
                                      pesawat yang mensyaratkan pertimbangan                              required    significant   judgment   from     the
                                      signifikan dari manajemen. Karena signifikansi                      management. Due to its financial significance,
Laporan Keuangan - Financial Report




                                      keuangannya,       kesalahan    penyajian   atas                    misstatement in revenue can have a substantial
                                      pendapatan dapat memiliki dampak substansial                        impact on the overall consolidated financial
                                      pada laporan keuangan konsolidasian secara                          statements and the decisions made by
                                      keseluruhan dan keputusan yang dibuat oleh para                     stakeholders. Accordingly, recognition and
                                      pemangku kepentingan. Oleh karena itu,                              measurement of revenue is a key mat ter t o us.
                                      pengakuan      dan     pengukuran     pendapatan                    Notes 2v, 3 and 20 to the accompanying
                                      merupakan hal audit utama bagi kami. Catatan 2v,                    consolidated financial statements provide the
                                      3 dan 20 pada laporan keuangan konsolidasian                        relevant disclosures on revenue.
                                      terlampir    menyajikan     pengungkapan    atas
                                      pendapatan.

                                      Respon audit:                                                       Audit response:

                                      Kami mengevaluasi dan menguji rancangan                             We evaluated and assessed the design of the key
                                      pengendalian utama atas proses pengakuan dan                        controls over the revenue recognition and
                                      pengukuran pendapatan. Kami melakukan                               measurement process. We performed test of details
                                      pengujian rinci atas pengakuan pendapatan                           of the revenue transactions by verifying to the
                                      dengan melakukan verifikasi ke dokumen                              supporting documents to ensure the occurrence of
                                      pendukungnya untuk memastikan keterjadian                           the revenue and whether it has been recognized and
                                      atas pendapatan serta telah diakui dan diukur                       measured in accordance with the applicable
                                      sesuai dengan standar akuntansi yang berlaku dan                    accounting standards and recorded in the proper
                                      dicatat pada periode yang tepat.                                    period.




                                                                                                     iv
462                                    A member firm of Ernst & Young Global Limited
Page 463
                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                        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. 00282/ 2.1505/ AU.1/ 10/ 1749-                         Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
1/ 1/ III/ 2026 (lanjutan)                                         1/ 1/ III/ 2026 (continued)


Hal audit ut ama (lanjut an)                                       Key audit mat t ers (cont inued)




                                                                                                                                    Operational Excellence For Reliable Aviation Services
Pengakuan               dan          pengukuran   pendapatan       Recognition    and     measurement           of    revenue
(lanjutan)                                                         (continued)

Respon audit: (lanjutan)                                           Audit response: (continued)

Khusus untuk pengakuan dan pengukuran                              Particularly for the recognition and measurement of
pendapatan atas pendapatan jasa reparasi dan                       revenue from aircraft repair and overhaul services,
perbaikan berat pesawat, kami melakukan                            we performed test of details by obtaining contracts,
pengujian rinci dengan memeroleh kontrak                           understood key terms and conditions of the
terkait, memahami syarat dan ketentuan                             contracts, inspected the contract amount, tested
utamanya, memeriksa dan melakukan verifikasi                       the key assumptions used in measure such revenue,
nilai kontrak, menguji asumsi utama yang                           which is percentage of completion of the works and
digunakan dalam mengukur pendapatan tersebut,                      traced this percentage of completion used in the
yaitu persentase penyelesaian pekerjaan dan                        calculation of revenue          to the supporting
menelusuri persentase penyelesaian pekerjaan                       documents. We tested the mathematical accuracy
yang digunakan dalam perhitungan pendapatan                        of calculation of the percentage of completion and
tersebut ke dokumen pendukung. Kami menguji                        revenue recognized during the current period.
akurasi matematis dari perhitungan persentase
penyelesaian dan pendapatan yang diakui selama
periode berjalan.

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, aset dan                   entries between revenue, contract assets and
liabilitas kontrak, piutang usaha dan kas dan bank,                liabilities, trade receivables and cash and banks and
serta menggunakan korelasi (pencatatan entri                       used the correlation (journal entry postings)
jurnal) antara akun-akun tersebut untuk                            between these accounts to reperform the recording
melakukan kembali (reperform) pencatatan entri                     of journal entries. We completed this procedure by
jurnal. Kami melengkapi prosedur ini dengan                        testing the information produced by the Group on
pengujian informasi yang dihasilkan oleh Grup                      cash journal entries to ensure that the cash is
atas entri jurnal kas untuk memastikan bahwa kas                   represents cash received from customers. We also
tersebut adalah kas sebenarnya yang berasal dari                   evaluated the appropriateness of the presentation
pelanggan. Kami juga mengevaluasi kesesuaian                       and the relevant disclosures related to revenue in
penyajian dan pengungkapan terkait pendapatan                      the notes to the accompanying consolidated
dalam       catatan    atas    laporan    keuangan                 financial statements in accordance with the
konsolidasian terlampir sesuai dengan standar                      relevant accounting standards.
akuntansi yang relevan.




                                                               v
 A member firm of Ernst & Young Global Limited                                                                                      463
Page 464
                                                                                                                    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. 00282/ 2.1505/ AU.1/ 10/ 1749-              Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
                                      1/ 1/ III/ 2026 (lanjutan)                              1/ 1/ III/ 2026 (continued)


                                      Hal lain                                                Ot her mat t er

                                      Laporan keuangan konsolidasian Grup tanggal             The consolidated financial statements of the Group
                                      31 Desember 2024 dan untuk tahun yang                   as of December 31, 2024 and for the year then
                                      berakhir pada tanggal tersebut diaudit oleh             ended were audited by another independent
                                      auditor independen lain, yang dalam laporannya          auditor, whose report dat ed March 25, 2025,
                                      tanggal 25 Maret 2025, menyatakan opini tanpa           expressed an unmodified opinion on such
                                      modifikasian    atas      laporan     keuangan          consolidated financial statements with additional
                                      konsolidasian tersebut, dengan tambahan                 paragraph regarding Material Uncertainty related
                                      paragraf Ketidakpastian Material yang terkait           to Going Concern.
                                      dengan Kelangsungan Usaha.

                                      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
Laporan Keuangan - Financial Report




                                      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
                                      independent 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
                                      ketidakkonsistenan 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.




                                                                                         vi
464                                    A member firm of Ernst & Young Global Limited
Page 465
                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                                                             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. 00282/ 2.1505/ AU.1/ 10/ 1749-               Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
1/ 1/ III/ 2026 (lanjutan)                               1/ 1/ III/ 2026 (continued)

Informasi lain (lanjut an)                               Ot her informat ion (cont inued)

Ketika kami membaca Laporan Tahunan, jika                When we read the Annual Report, if we conclude




                                                                                                                         Operational Excellence For Reliable Aviation Services
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.

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.




                                                   vii
 A member firm of Ernst & Young Global Limited                                                                           465
Page 466
                                                                                                                      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. 00282/ 2.1505/ AU.1/ 10/ 1749-                   Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
                                      1/ 1/ III/ 2026 (lanjutan)                                   1/ 1/ III/ 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
Laporan Keuangan - Financial Report




                                      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.




                                                                                            viii
466                                    A member firm of Ernst & Young Global Limited
Page 467
                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                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. 00282/ 2.1505/ AU.1/ 10/ 1749-                   Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
1/ 1/ III/ 2026 (lanjutan)                                   1/ 1/ III/ 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)




                                                                                                                            Operational Excellence For Reliable Aviation Services
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 t he effect iveness 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 yang              of accounting and, based on the audit evidence
        diperoleh,     apakah     terdapat      suatu            obtained, whether a material uncertainty exists
        ketidakpastian material yang terkait dengan              related to events or conditions that may cast
        peristiwa    atau    kondisi    yang    dapat            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 konsolidasian             evidence obtained up to the date of our
        atau, jika pengungkapan tersebut tidak                   independent auditor’s report. However, future
        memadai,      memodifikasi      opini   kami.            events or conditions may cause the Group to
        Kesimpulan kami didasarkan pada bukti audit              cease to continue as a going concern.
        yang diperoleh hingga tanggal laporan auditor
        independen kami. Namun, peristiwa atau
        kondisi masa depan dapat menyebabkan Grup
        tidak dapat mempertahankan kelangsungan
        usaha.




                                                        ix
    A member firm of Ernst & Young Global Limited                                                                           467
Page 468
                                                                                                                      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. 00282/ 2.1505/ AU.1/ 10/ 1749-                  Report       No.     00282/ 2.1505/ AU.1/ 10/ 1749-
                                      1/ 1/ III/ 2026 (lanjutan)                                  1/ 1/ III/ 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)

                                             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.
Laporan Keuangan - Financial Report




                                              Memeroleh bukti 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 menyatakan           entities or business activities within the Group
                                               opini atas laporan keuangan konsolidasian.             to express an opinion on the consolidated
                                               Kami bertanggung jawab atas arahan,                    financial statements. We are responsible for
                                               supervisi, dan pelaksanaan audit grup. Kami            the direction, supervision, and performance of
                                               tetap bertanggung jawab sepenuhnya atas                the group audit. We remain solely responsible
                                               opini audit kami.                                      for 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
                                      direncanakan atas audit serta temuan audit                  significant audit findings, including any significant
                                      signifikan, termasuk setiap defisiensi signifikan           deficiencies in internal control that we identify
                                      dalam pengendalian internal yang teridentifikasi            during our audit.
                                      oleh kami selama audit.

                                      Kami juga memberikan suatu pernyataan kepada                We also provide those charged with governance
                                      pihak yang bertanggung jawab atas tata kelola               with a statement that we have complied with
                                      bahwa kami telah mematuhi ketentuan etika yang              relevant     ethical requirements    regarding
                                      relevan       mengenai      independensi,     dan           independence, and to communicate with them all
                                      mengomunikasikan kepada pihak tersebut seluruh              relationships and other matters that may
                                      hubungan, serta hal-hal lain yang dianggap secara           reasonably be thought to bear on our
                                      wajar berpengaruh terhadap independensi kami,               independence, and where applicable, related
                                      dan, jika relevan, pengamanan terkait.                      safeguards.




                                                                                              x
468                                       A member firm of Ernst & Young Global Limited
Page 469
                                                                                                       469
PT Garuda Maintenance Facility Aero Asia Tbk   Operational Excellence For Reliable Aviation Services




                                                                                                       A member firm of Ernst & Young Global Limited
Page 470
                                                                                                                                 The original consolidated financial statements
                                                                                                                                  included herein are in Indonesian language.

                                                                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                                  LAPORAN POSISI KEUANGAN                                                CONSOLIDATED STATEMENT OF
                                                         KONSOLIDASIAN                                                          FINANCIAL POSITION
                                                     Tanggal 31 Desember 2025                                                 As of December 31, 2025
                                        (Dinyatakan dalam Dolar AS, Kecuali Dinyatakan Lain)                      (Expressed in US Dollars, Unless Otherwise Stated)


                                                                                                         Catatan/
                                                                                          2025            Notes             2024


                                      ASET                                                                                                                                    ASSETS

                                      ASET LANCAR                                                                                                            CURRENT ASSETS
                                      Kas dan setara kas                                  40.955.739        4                12.623.481                 Cash and cash equivalents
                                      Kas dan setara kas yang                                                                                            Restricted cash and cash
                                         dibatasi penggunaannya                            1.158.614        4                   902.880                             equivalents
                                      Investasi jangka pendek                                144.367                            133.203                    Short-term investments
                                      Piutang usaha                                                        5,29                                                  Trade receivables
                                      - Pihak berelasi                                    64.018.764                         45.816.929                           Related parties -
                                      - Pihak ketiga                                      10.615.765                          4.045.912                             Third parties -
                                      Piutang lain-lain                                    1.051.396                          1.718.233                          Other receivables
                                      Aset kontrak                                                          6                                                      Contract assets
                                      - Pihak berelasi                                    51.539.643                         27.455.934                           Related parties -
                                      - Pihak ketiga                                      15.097.916                         13.964.715                             Third parties -
                                      Persediaan                                          76.147.275        7                61.415.306                                 Inventories
                                      Uang muka dan beban                                                                                                   Advances and prepaid
                                         dibayar di muka                                  40.760.416        8                31.569.882                               expenses
                                      Pajak dibayar di muka                                                13a                                                       Prepaid taxes
                                      - Pajak penghasilan badan                              591.970                          2.140.235                  Corporate income taxes -
                                      - Pajak lain-lain                                    1.810.306                          4.316.775                              Other taxes -
Laporan Keuangan - Financial Report




                                      Total aset lancar                                 303.892.171                        206.103.485                        Total current assets


                                      ASET TIDAK LANCAR                                                                                                NON-CURRENT ASSETS
                                      Kas dan setara kas yang                                                                                           Restricted cash and cash
                                        dibatasi penggunaannya                               788.974         4                        -                            equivalents
                                      Piutang usaha pihak berelasi                         3.535.077       5,29              14.651.879          Trade receivables related parties
                                      Piutang lain-lain pihak berelasi                       795.283                            953.040          Other receivables related parties
                                      Uang muka dan beban                                                                                                  Advances and prepaid
                                        dibayar di muka                                   1.357.737         8                  891.637                               expenses
                                      Aset tetap                                        470.810.988         9              149.093.821                               Fixed assets
                                      Aset hak guna                                       8.708.760        15               28.184.035                        Right-of-use assets
                                      Pajak dibayar di muka                                                13a                                                      Prepaid taxes
                                      - Pajak penghasilan badan                            5.388.025                          4.605.917                 Corporate income taxes -
                                      - Pajak lain-lain                                   13.513.127                         10.724.972                             Other taxes -
                                      Aset pajak tangguhan                                 2.588.055       13d                9.407.308                       Deferred tax assets
                                      Aset tidak lancar lain-lain                          1.601.924                             14.109                  Other non-current assets

                                      Total aset tidak lancar                           509.087.950                        218.526.718                   Total non-current assets

                                      TOTAL ASET                                        812.980.121                        424.630.203                             TOTAL ASSETS




                                                     Catatan atas laporan keuangan konsolidasian                           The accompanying notes to the consolidated
                                                terlampir merupakan bagian yang tidak terpisahkan dari                  financial statements form an integral part of these
                                                 laporan keuangan konsolidasian secara keseluruhan.                             consolidated financial statements.

                                                                                                           1
470
Page 471
                                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                          The original consolidated financial statements
                                                                                           included herein are in Indonesian language.

                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

            LAPORAN POSISI KEUANGAN                                               CONSOLIDATED STATEMENT OF
              KONSOLIDASIAN (lanjutan)                                            FINANCIAL POSITION (continued)
               Tanggal 31 Desember 2025                                                As of December 31, 2025
  (Dinyatakan dalam Dolar AS, Kecuali Dinyatakan Lain)                     (Expressed in US Dollars, Unless Otherwise Stated)


                                                                  Catatan/
                                                   2025            Notes             2024


LIABILITAS DAN EKUITAS/                                                                                        LIABILITIES AND EQUITY/
  (DEFISIENSI MODAL)                                                                                           (CAPITALDEFICIENCY)




                                                                                                                                                  Operational Excellence For Reliable Aviation Services
LIABILITAS                                                                                                                       LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                          CURRENT LIABILITIES
Utang usaha                                                        10,29                                                     Trade payables
- Pihak berelasi                                    5.950.907                          4.865.365                            Related parties -
- Pihak ketiga                                     68.976.889                         59.854.571                               Third parties -
Utang pajak                                         7.294.864       13b                9.743.940                               Taxes payable
Akrual                                             59.172.328       11                51.081.455                                     Accruals
Utang lain-lain                                     3.639.086                          4.220.301                              Other payables
Liabilitas kontrak                                                                                                         Contract liabilities
- Pihak berelasi                                 113.407.082        29                61.599.326                            Related parties -
- Pihak ketiga                                    18.950.203                          15.508.259                               Third parties -
Pinjaman, bagian lancar                           20.891.815        12                20.004.877               Borrowings, current portion
Liabilitas sewa, bagian lancar                     3.394.940        15                 6.624.431            Lease liabilities, current portion
Liabilitas imbalan kerja                                                                                              Short-term employee
   jangka pendek                                    3.546.875       14                 4.006.066                         benefit liabilities

Total liabilitas jangka pendek                   305.224.989                        237.508.591                     Total current liabilities


LIABILITAS JANGKA PANJANG                                                                                    NON-CURRENT LIABILITIES
Utang usaha                                                        10,29                                               Trade payables
- Pihak berelasi                                   2.110.480                          2.635.490                       Related parties -
- Pihak ketiga                                     5.129.262                          8.743.176                          Third parties -
Pinjaman                                         351.889.310        12              371.217.848                              Borrowings
Liabilitas sewa                                    8.585.220        15               38.646.418                         Lease liabilities
Liabilitas imbalan kerja                                                                                           Long-term employee
   jangka panjang                                  25.473.800       14                23.779.983                    benefit liabilities

Total liabilitas jangka panjang                  393.188.072                        445.022.915               Total non-current liabilities

TOTAL LIABILITAS                                 698.413.061                        682.531.506                         TOTAL LIABILITIES




              Catatan atas laporan keuangan konsolidasian                           The accompanying notes to the consolidated
         terlampir merupakan bagian yang tidak terpisahkan dari                  financial statements form an integral part of these
          laporan keuangan konsolidasian secara keseluruhan.                             consolidated financial statements.

                                                                    2
                                                                                                                                                  471
Page 472
                                                                                                                              The original consolidated financial statements
                                                                                                                               included herein are in Indonesian language.

                                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                                  LAPORAN POSISI KEUANGAN                                             CONSOLIDATED STATEMENT OF
                                                    KONSOLIDASIAN (lanjutan)                                          FINANCIAL POSITION (continued)
                                                     Tanggal 31 Desember 2025                                              As of December 31, 2025
                                        (Dinyatakan dalam Dolar AS, Kecuali Dinyatakan Lain)                   (Expressed in US Dollars, Unless Otherwise Stated)


                                                                                                        Catatan/
                                                                                         2025            Notes           2024


                                      EKUITAS/                                                                                                                    EQUITY/
                                        (DEFISIENSI MODAL)                                                                                         (CAPITALDEFICIENCY)

                                      Ekuitas yang
                                        diatribusikan kepada                                                                                            Equity attributable to
                                        pemilik entitas induk                                                                                        owners of the parent
                                      Modal saham - nilai nominal                                                                                         Share capital - Rp100
                                        Rp100 per saham untuk                                                                                           par value per share
                                        saham seri A dan nilai                                                                                      for series A shares and
                                        nominal Rp25 per saham                                                                                    Rp25 par value per share
                                        untuk saham seri B                                                                                               for series B shares
                                        (31 Desember 2024:                                                                                            (December 31, 2024:
                                        Rp100 per saham)                                                                                                  Rp100 per shares)
                                        Modal dasar - 28.233.511.500                                                                          Authorized - 28,233,511,500
                                          saham seri A dan 287.065.954.000                                                                        of series A shares and
                                          saham seri B                                                                                        287,065,954,000 series B
                                          (31 Desember 2024:                                                                                shares (December 31, 2024:
                                          100.000.000.000 saham)                                                                               100,000,000,000 shares)
                                        Modal ditempatkan dan                                                                                            Issued and paid up
                                          disetor - 28.233.511.500                                                                              capital - 28,233,511,500
                                          saham seri A dan                                                                                           series A shares and
Laporan Keuangan - Financial Report




                                          91.789.356.924 saham seri B                                                                           91,789,356,924 series B
                                          (31 Desember 2024:                                                                                shares (December 31, 2024:
                                          28.233.511.500 saham)                        356.883.826        16            219.015.655              28,233,511,500 shares)
                                      Tambahan modal disetor                           288.567.252        17             62.417.236                   Additional paid-in capital
                                      Uang muka atas modal saham                                 -                       25.909.891                  Advance for share capital
                                      Penghasilan komprehensif lain                    (15.504.644)       18            (15.900.891)             Other comprehensive income
                                      Saldo laba/                                                                                                            Retained earnings/
                                        (akumulasi kerugian)                                                                                          (accumulated losses)
                                        Dicadangkan                                      7.492.540        19              7.492.540                            Appropriated
                                        Belum dicadangkan                             (523.052.882)                    (557.002.037)                         Unappropriated

                                      Ekuitas yang dapat
                                        diatribusikan kepada                                                                                               Equity attributable to
                                        pemilik entitas induk                          114.386.092                     (258.067.606)                     owners of the parent

                                      Kepentingan nonpengendali                             180.968                          166.303                    Non-controlling interests

                                      JUMLAH EKUITAS/                                                                                                       TOTAL EQUITY/
                                        (DEFISIENSI MODAL)                             114.567.060                     (257.901.303)               (CAPITAL DEFICIENCY)

                                      JUMLAH LIABILITAS                                                                                                  TOTAL LIABILITIES
                                        DAN EKUITAS/                                                                                                        AND EQUITY/
                                        (DEFISIENSI MODAL)                             812.980.121                      424.630.203                (CAPITAL DEFICIENCY)




                                                    Catatan atas laporan keuangan konsolidasian                         The accompanying notes to the consolidated
                                               terlampir merupakan bagian yang tidak terpisahkan dari                financial statements form an integral part of these
                                                laporan keuangan konsolidasian secara keseluruhan.                           consolidated financial statements.

                                                                                                          3
472
Page 473
                                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                      The original consolidated financial statements
                                                                                       included herein are in Indonesian language.

                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                LAPORAN LABA RUGI                                              CONSOLIDATED STATEMENT OF
        DAN PENGHASILAN KOMPREHENSIF LAIN                                       PROFIT OR LOSS AND OTHER
                   KONSOLIDASIAN                                                 COMPREHENSIVE INCOME
              Untuk Tahun yang Berakhir                                             For the Year Ended
            pada Tanggal 31 Desember 2025                                           December 31, 2025
              (Dinyatakan dalam Dolar AS,                                         (Expressed in US Dollars,
                Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


                                                                   Catatan/
                                                    2025            Notes         2024




                                                                                                                                               Operational Excellence For Reliable Aviation Services
Pendapatan                                        491.882.794        20          421.223.186                                        Revenue

Beban usaha:                                                                                                       Operating expenses:
Beban pegawai                                    (120.858.733)       21         (116.569.103)                      Employee expenses
Beban material                                   (144.812.174)       22         (117.177.864)                        Material expenses
Beban subkontrak                                 (108.620.839)        23        (100.390.977)                    Subcontract expenses
Beban penyusutan                                  (19.331.432)      9,15b        (18.694.769)                    Depreciation expenses
Beban operasional                                 (32.298.537)        24         (20.441.906)                     Operational expenses
Beban operasi lainnya, neto                        (5.390.537)        25          (5.944.484)             Other operating expenses, net

                                                   60.570.542                     42.004.083


Penghasilan dari
  restrukturisasi utang                                        -                      695.969            Income from debt restructuring
Kerugian dari                                                                                                         Loss on payment
   restrukturisasi pembayaran                                -                      (191.852)                     term restructuring
Penghasilan keuangan                                   890.900                       337.803                           Finance income
Beban keuangan                                     (20.210.871)      26          (20.166.464)                            Finance costs
(Beban)/penghasilan
   lain-lain, neto                                    (518.769)      27             2.064.576             Other (expenses)/income, net

Laba sebelum
  pajak penghasilan                                40.731.802                     24.744.115                     Profit before income tax

(Beban)/manfaat pajak                                                                                                        Income tax
  penghasilan                                       (6.764.057)      13c            2.155.930                        (expense)/benefit

Laba tahun berjalan                                33.967.745                     26.900.045                             Profit for the year


Penghasilan                                                                                                        Other comprehensive
  komprehensif lain                                                  18                                                         income
Pos-pos yang tidak akan                                                                                             Items that will not be
  direklasifikasi ke laba rugi:                                                                          reclassified to profit or loss:
  Keuntungan revaluasi                                                                                           Gain on revaluation
     aset tetap                                      1.444.464        9               698.220                         of fixed asset
  Pengukuran kembali                                                                                       Remeasurement of post-
     imbalan pascakerja                               (921.304)      14               (89.972)               employment benefits
  Pajak penghasilan terkait                           (114.022)                      (133.815)                    Related income tax

                                                       409.138                        474.433




               Catatan atas laporan keuangan konsolidasian                       The accompanying notes to the consolidated
          terlampir merupakan bagian yang tidak terpisahkan dari              financial statements form an integral part of these
           laporan keuangan konsolidasian secara keseluruhan.                         consolidated financial statements.

                                                                     4
                                                                                                                                               473
Page 474
                                                                                                                             The original consolidated financial statements
                                                                                                                              included herein are in Indonesian language.

                                                                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                                      LAPORAN LABA RUGI                                               CONSOLIDATED STATEMENT OF
                                              DAN PENGHASILAN KOMPREHENSIF LAIN                                        PROFIT OR LOSS AND OTHER
                                                    KONSOLIDASIAN (lanjutan)                                        COMPREHENSIVE INCOME (continued)
                                                    Untuk Tahun yang Berakhir                                              For the Year Ended
                                                  pada Tanggal 31 Desember 2025                                            December 31, 2025
                                                    (Dinyatakan dalam Dolar AS,                                          (Expressed in US Dollars,
                                                      Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


                                                                                                         Catatan/
                                                                                          2025            Notes          2024


                                      Pos yang akan                                                                                                             Item that will be
                                        direklasifikasi ke laba rugi:                                                                           reclassified to profit or loss:
                                                                                                                                                          Exchange differences
                                      Selisih kurs karena penjabaran                                                                              due to financial statement
                                        laporan keuangan                                     (14.166)      18                 (21.631)                             translation

                                      Penghasilan komprehensif                                                                                             Other comprehensive
                                        lain tahun                                                                                                             income for the
                                        berjalan, setelah pajak                              394.972                         452.802                          year, net of tax

                                      Jumlah penghasilan
                                        komprehensif tahun                                                                                                Total comprehensive
                                        berjalan                                         34.362.717                      27.352.847                     income for the year


                                      Laba yang dapat
                                        diatribusikan kepada:                                                                                            Profit attributable to:
Laporan Keuangan - Financial Report




                                      Pemilik entitas induk                              33.949.155                      26.891.116                       Owners of the parent
                                      Kepentingan nonpengendali                              18.590                           8.929                     Non-controlling interests

                                                                                         33.967.745                      26.900.045


                                      Jumlah penghasilan
                                        komprehensif yang                                                                                               Total comprehensive
                                        diatribusikan kepada:                                                                                       income attributable to:
                                      Pemilik entitas induk                              34.345.402                      27.343.918                      Owners of the parent
                                      Kepentingan nonpengendali                              17.315                           8.929                    Non-controlling interests

                                                                                         34.362.717                      27.352.847


                                      Laba neto per saham:                                                                                                 Earnings per share:
                                        Dasar dan dilusian                                    0,0009       28                  0,0010                       Basic and diluted




                                                     Catatan atas laporan keuangan konsolidasian                        The accompanying notes to the consolidated
                                                terlampir merupakan bagian yang tidak terpisahkan dari               financial statements form an integral part of these
                                                 laporan keuangan konsolidasian secara keseluruhan.                          consolidated financial statements.

                                                                                                           5
474
Page 475
                                                                                                                                                                                                                                                              The original consolidated financial statements
                                                                                                                                                                                                                                                               included herein are in Indonesian language.

                                                                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                              LAPORAN PERUBAHAN EKUITAS                                                                                                                                         CONSOLIDATED STATEMENT OF
                                                      KONSOLIDASIAN                                                                                                                                                    CHANGES IN EQUITY
                                           Untuk Tahun yang Berakhir pada Tanggal                                                                                                                                       For the Year Ended
                                                      31 Desember 2025                                                                                                                                                  December 31, 2025
                                      (Dinyatakan dalam Dolar AS, Kecuali Dinyatakan Lain)                                                                                                               (Expressed in US Dollars, Unless Otherwise Stated)


                                                                                                                              Penghasilan komprehensif lain/                                                                 Ekuitas
                                                                                                                               Other comprehensive income                                    Saldo laba/                   yang dapat
                                                                                                                                                                                         (akumulasi kerugian)/            diatribusikan                              Jumlah
                                                                                                                                    Surplus/      Translasi                               Retained earnings/             kepada pemilik                             ekuitas/
                                                                              Uang                                                  (defisit)    mata uang                               (accumulated losses)             entitas induk/                           (defisiensi
                                                                            muka atas            Tambahan                          revaluasi/       asing/                                                                    Equity         Kepentingan             modal)/
                                                                           modal saham/        modal disetor/    Imbalan kerja/    Revaluation     Foreign                                              Belum              attributable     nonpengendali/        Total equity/
                                                    Catatan/ Modal saham/ Advance for            Additional        Employee          surplus/     currency             Jumlah/       Dicadangkan/    dicadangkan/          to owners of     Non-controlling          (capital
                                                     Notes   Share capital share capital       paid-in capital      benefits        (deficit)    translation            Total        Appropriated   Unappropriated          the parent         interests           deficiency)

      Saldo per 31 Desmber 2023                               219.015.655                  -       62.417.236       (21.953.756)     5.625.676       (25.613) (16.353.693)             7.492.540        (583.893.153)       (311.321.415)            159.513       (311.161.902)        Balance as at December 31, 2023



      Uang muka atas modal saham                      17                -      25.909.891                    -                -              -                 -                 -             -                   -          25.909.891                    -        25.909.891                    Advance for share capital
      Laba tahun berjalan                                               -               -                    -                -              -                 -                 -             -          26.891.116          26.891.116                8.929        26.900.045                            Profit for the year
      Penghasilan komprehensif lain:                                                                                                                                                                                                                                                         Other comprehensive income:
        Keuntungan revaluasi aset tetap,                                                                                                                                                                                                                                                           Gain on revaluation of
         setelah pajak                                 9                -                  -                 -                -        544.612                 -         544.612               -                     -           544.612                      -          544.612                fixed asset, net of tax
        Pengukuran kembali imbalan                                                                                                                                                                                                                                                  Remeasurement of post-employment
         pascakerja, setelah pajak                    14                -                  -                 -          (70.179)             -                 -         (70.179)              -                     -           (70.179)                     -          (70.179)                   benefits, net of tax
        Selisih kurs karena penjabaran laporan                                                                                                                                                                                                                                              Exchange differences due to
         keuangan                                                       -                  -                 -                -              -       (21.631)            (21.631)              -                     -           (21.631)              (2.139)           (23.770)      financial statement translation

      Saldo per 31 Desember 2024                              219.015.655      25.909.891          62.417.236       (22.023.935)     6.170.288       (47.244) (15.900.891)             7.492.540        (557.002.037)       (258.067.606)            166.303       (257.901.303)        Balance as at December 31, 2024



      Penerbitan saham                               16,17    137.868.171     (25.909.891)        226.150.016                 -              -                 -                 -             -                   -        338.108.296                     -       338.108.296                          Issuance of shares
      Laba tahun berjalan                                               -               -                   -                 -              -                 -                 -             -          33.949.155         33.949.155                18.590        33.967.745                            Profit for the year
      Dividen                                                           -               -                   -                 -              -                 -                 -             -                   -                  -                (2.650)           (2.650)                                     Dividend
      Penghasilan komprehensif lain:                                                                                                                                                                                                                                                         Other comprehensive income:
        Keuntungan revaluasi aset tetap,                                                                                                                                                                                                                                                           Gain on revaluation of
          setelah pajak                                9                -                  -                 -                -      1.126.682                 -       1.126.682               -                     -         1.126.682                      -        1.126.682                fixed asset, net of tax
        Pengukuran kembali imbalan                                                                                                                                                                                                                                                  Remeasurement of post-employment
          pascakerja, setelah pajak                   14                -                  -                 -         (717.544)             -                 -        (717.544)              -                     -          (717.544)                     -         (717.544)                   benefits, net of tax
        Selisih kurs karena penjabaran laporan                                                                                                                                                                                                                                              Exchange differences due to
          keuangan                                                      -                  -                 -                -              -       (12.891)            (12.891)              -                     -           (12.891)              (1.275)           (14.166)      financial statement translation

      Saldo per 31 Desember 2025                              356.883.826                  -      288.567.252       (22.741.479)     7.296.970       (60.135) (15.504.644)             7.492.540        (523.052.882)       114.386.092              180.968        114.567.060         Balance as at December 31, 2025




                                                      Catatan atas laporan keuangan konsolidasian                                                                                                                   The accompanying notes to the consolidated
                                                 terlampir merupakan bagian yang tidak terpisahkan dari                                                                                                          financial statements form an integral part of these
                                                  laporan keuangan konsolidasian secara keseluruhan.                                                                                                                     consolidated financial statements.

                                                                                                                                                                   6
                                                                                                                                                 Operational Excellence For Reliable Aviation Services                                                  PT Garuda Maintenance Facility Aero Asia Tbk




475
Page 476
                                                                                                                              The original consolidated financial statements
                                                                                                                               included herein are in Indonesian language.

                                                                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                        LAPORAN ARUS KAS                                           CONSOLIDATED STATEMENT OF
                                                          KONSOLIDASIAN                                                    CASH FLOWS
                                                     Untuk Tahun yang Berakhir                                          For the Year Ended
                                                   pada Tanggal 31 Desember 2025                                        December 31, 2025
                                                     (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                       Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


                                                                                                        Catatan/
                                                                                         2025            Notes         2024


                                      ARUS KAS DARI                                                                                                   CASH FLOWS FROM
                                        AKTIVITAS OPERASI                                                                                      OPERATING ACTIVITIES
                                      Penerimaan kas dari pelanggan                    502.019.259                    397.785.529              Cash receipts from customers
                                      Pembayaran kas kepada                                                                                           Cash paid to suppliers
                                        pemasok dan lainnya                           (299.464.776)                  (258.200.426)                             and others
                                      Pembayaran kepada karyawan                      (114.311.689)                  (106.599.995)                  Cash paid to employees

                                      Kas yang diperoleh                                                                                                       Cash generated
                                        dari operasi                                     88.242.794                     32.985.108                          from operations

                                      Pembayaran beban keuangan                         (13.626.083)                   (14.820.923)                        Finance costs paid
                                      Penerimaan pengembalian pajak                       5.323.014       13f                    -                       Receipts of tax refund
                                      Pembayaran pajak
                                        penghasilan badan                                (1.692.127)                    (1.703.336)              Corporate income taxes paid
                                      Pembayaran pajak lain-lain                        (13.034.493)                    (1.720.412)                          Other taxes paid

                                      Arus kas neto yang diperoleh                                                                                   Net cash flows generated
                                        dari aktivitas operasi                           65.213.105                     14.740.437                 from operating activities
Laporan Keuangan - Financial Report




                                      ARUS KAS DARI AKTIVITAS                                                                                           CASH FLOWS FROM
                                        INVESTASI                                                                                                INVESTING ACTIVITIES
                                      Penempatan kas dan setara kas                                                                                  Placements of restricted
                                        yang dibatasi penggunaannya                      (1.886.331)                      (543.905)             cash and cash equivalents
                                      Pencairan kas dan setara kas                                                                                  Withdrawals of restricted
                                        yang dibatasi penggunaannya                         816.772                              -              cash and cash equivalents
                                      Penerimaan pendapatan keuangan                        770.091                        337.803                  Finance income received
                                      Pembelian aset tetap                               (3.300.626)      9,34          (3.998.042)                Purchases of fixed assets
                                      Penerimaan dari                                                                                                        Proceed from the
                                        penjualan aset tetap                                 36.792                                 -                   sale of fixed assets
                                      Penambahan uang muka atas                                                                                  Additions in advances for the
                                        pembelian aset tetap                             (1.026.828)                                -             purchase of fixed assets
                                      Penempatan deposito berjangka                         (21.985)                                -            Placements of time deposits

                                      Arus kas neto yang digunakan                                                                                      Net cash flows used in
                                        untuk aktivitas investasi                        (4.612.115)                    (4.204.144)                      investing activities


                                      ARUS KAS DARI AKTIVITAS                                                                                         CASH FLOWS FROM
                                        PENDANAAN                                                                                               FINANCING ACTIVITIES
                                      Penerimaan dari pinjaman                                                                                     Proceeds from short-term
                                        jangka pendek                                     3.283.033                                 -                         borrowings
                                      Pembayaran pinjaman                                                                                         Repayments of short-term
                                        jangka pendek                                    (3.295.473)                      (181.587)                           borrowings
                                      Pembayaran pinjaman                                                                                          Repayments of long-term
                                        jangka panjang                                  (20.004.877)     12,34         (10.874.438)                           borrowings
                                      Pembayaran liabilitas sewa                        (12.678.939)     15,34          (7.472.837)            Repayments of lease liabilities
                                      Penerimaan atas penerbitan                                                                                  Proceeds from issuance of
                                        saham seri B                                      2.153.224                                 -                    series B shares

                                      Arus kas neto yang digunakan                                                                                      Net cash flows used in
                                        untuk aktivitas pendanaan                       (30.543.032)                   (18.528.862)                      financing activities




                                                    Catatan atas laporan keuangan konsolidasian                       The accompanying notes to the consolidated
                                               terlampir merupakan bagian yang tidak terpisahkan dari              financial statements form an integral part of these
                                                laporan keuangan konsolidasian secara keseluruhan.                         consolidated financial statements.

                                                                                                          7
476
Page 477
                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                       The original consolidated financial statements
                                                                                        included herein are in Indonesian language.

                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                  LAPORAN ARUS KAS                                          CONSOLIDATED STATEMENTS OF
               KONSOLIDASIAN (lanjutan)                                        CASH FLOWS (continued)
               Untuk Tahun yang Berakhir                                          For the Year Ended
             pada Tanggal 31 Desember 2025                                        December 31, 2025
               (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                 Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


                                                                 Catatan/
                                                  2025            Notes         2024


                                                                                                      NET INCREASE/(DECREASE)




                                                                                                                                          Operational Excellence For Reliable Aviation Services
KENAIKAN/(PENURUNAN) NETO                                                                                       IN CASH AND
  KAS DAN SETARA KAS                              30.057.958                     (7.992.569)              CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                               CASH AND CASH EQUIVALENTS
  AWAL TAHUN                                      12.623.481                     21.051.033         AT BEGINNING OF YEAR

Pengaruh perubahan kurs                                                                                      Effect of foreign currency
  mata uang asing                                 (1.723.654)                      (434.983)                exchange rate changes
                                                                                                              Effect of deconsolidation
Efek dekonsolidasi anak usaha                          (2.046)                               -                          of subsidiary

KAS DAN SETARA KAS                                                                               CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                     40.955.739        4            12.623.481               AT END OF YEAR




             Catatan atas laporan keuangan konsolidasian                       The accompanying notes to the consolidated
        terlampir merupakan bagian yang tidak terpisahkan dari              financial statements form an integral part of these
         laporan keuangan konsolidasian secara keseluruhan.                         consolidated financial statements.

                                                                   8
                                                                                                                                          477
Page 478
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                      1.   INFORMASI UMUM                                           1.   GENERAL INFORMATION

                                           a.   Pendirian dan informasi umum                             a.   Establishment and general information

                                                PT Garuda Maintenance Facility Aero Asia Tbk                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                (“Perusahaan”) didirikan berdasarkan akta No.                 (“the Company”) was established based on Deed
                                                93 tanggal 26 April 2002 dari Arry Supratno,                  No. 93 dated April 26, 2002 of Arry Supratno,
                                                S.H., Notaris di Jakarta. Akta pendirian ini                  S.H., Notary in Jakarta. The Deed of
                                                disahkan oleh Menteri Kehakiman dan Hak                       Establishment was approved by the Minister of
                                                Asasi Manusia Republik Indonesia dalam Surat                  Justice and Human Rights of the Republic of
                                                Keputusannya No. C-11685 HT.01.01.TH.2002                     Indonesia in its Decision Letter No. C-11685
                                                tanggal 28 Juni 2002, serta diumumkan dalam                   HT.01.01.TH.2002 dated June 28, 2002 and was
                                                Berita Negara Republik Indonesia No. 78                       published in the State Gazette of the Republic of
                                                tanggal 27 September 2002, Tambahan                           Indonesia No. 78 dated September 27, 2002,
                                                No. 11677. Anggaran Dasar Perusahaan telah                    Supplement No. 11677. The Company's Articles
                                                mengalami beberapa kali perubahan, terakhir                   of Association have been amended several
                                                berdasarkan Akta Pernyataan Keputusan Rapat                   times, most recently based on the Deed of
                                                Perubahan Anggaran Dasar Nomor 3 tanggal                      Statement     of   Meeting     Resolutions    on
                                                27 Januari 2026 dibuat di hadapan Shanti lndah                Amendment to the Articles of Association
                                                Lestari, S.H., M.Kn., Notaris di Kabupaten                    Number 3 dated January 27, 2026 drawn up
                                                Tangerang, yang telah resmi diterima                          before Shanti lndah Lestari, S.H., M.Kn., Notary
                                                dan dicatat oleh Kementerian Hukum Republik                   in Tangerang Regency, which has been officially
                                                Indonesia,     sesuai      dengan    suratnya                 received and recorded by the Minister of Law of
Laporan Keuangan - Financial Report




                                                Nomor      AHU-AH.01.03-0027489       tanggal                 the Republic of Indonesia, in accordance with its
                                                29 Januari 2026.                                              letter Number AHU-AH.01.03-0027489 dated
                                                                                                              January 29, 2026.

                                                Pada tanggal 30 Maret 2012, Perusahaan                        On March 30, 2012, the Company obtained an
                                                memperoleh persetujuan Menteri Keuangan                       approval from the Minister of Finance of the
                                                Republik      Indonesia     dalam       Surat                 Republic of Indonesia in its Decision Letter
                                                Keputusan       No.    KEP-355/WPJ.19/2012,                   No. KEP-355/WPJ.19/2012, to maintain its
                                                mengenai penyelenggaraan pembukuan dalam                      accounting records in English language and in
                                                Bahasa Inggris dan mata uang Dolar Amerika                    United States Dollars (“US$” or “US Dollars”)
                                                Serikat (“AS$” atau “Dolar AS”) mulai tanggal                 starting January 1, 2012.
                                                1 Januari 2012.

                                                Sesuai dengan Pasal 3 Anggaran Dasar                          In accordance with Article 3 of the Company's
                                                Perusahaan,      ruang       lingkup     kegiatan             Articles of Association, the scope of the
                                                Perusahaan adalah dalam bidang jasa                           Company’s activities is in the field of aircraft
                                                perawatan    pesawat       terbang,    perawatan              maintenance         services,        components
                                                komponen dan kalibrasi, perawatan mesin untuk                 maintenance and calibration, aircraft and
                                                pesawat dan industri, pembuatan dan                           industrial engine maintenance, manufacturing
                                                perawatan sarana pendukung, jasa engineering,                 and maintenance of supporting facilities,
                                                jasa layanan material, logistik, pergudangan dan              engineering services, material services, logistics,
                                                konsinyasi serta jasa konsultan, pelatihan dan                warehousing and consignment, and consulting,
                                                penyediaan tenaga ahli di bidang perawatan                    training and provision of experts in the field of
                                                pesawat, komponen dan mesin.                                  aircraft, component and engine maintenance.




                                                                                                    9

478
Page 479
                                                                                  The original consolidated financial statements




                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                   included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                        (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)

1.   INFORMASI UMUM (lanjutan)                                1.   GENERAL INFORMATION (continued)

     a.   Pendirian dan informasi umum (lanjutan)                  a.   Establishment        and    general     information
                                                                        (continued)

          Grup bergerak dalam bidang jasa perawatan,                    The Group engages in the field of aircraft
          reparasi, dan overhaul pesawat terbang serta                  maintenance, repair, and overhaul services and




                                                                                                                                   Operational Excellence For Reliable Aviation Services
          pendukungnya, perdagangan besar alat                          their support, wholesale trade of aircraft
          transportasi udara dan perlengkapannya,                       equipment and its accessories, airport activities,
          aktivitas kebandarudaraan serta aktivitas                     and rental and leasing activities. In accordance
          penyewaan dan sewa guna usaha. Sesuai                         with article 3 of the Company’s Articles of
          dengan pasal 3 Anggaran Dasar Perusahaan,                     Association, the specific business activities
          rincian dari masing-masing kegiatan usaha yang                conducted by the Group are as follows:
          dijalankan oleh Grup yaitu:

          1.   Perawatan     pesawat      terbang       dan             1.    Aircraft maintenance and support:
               pendukungnya:
                  Reparasi pesawat        terbang dan                           Repair of aircraft and its accessories
                   perlengkapannya
                  Reparasi motor listrik, generator dan                         Repair of electric motors, generators,
                   transformator                                                  and transformers
                  Reparasi kontrol alat ukur, alat uji dan                      Repair of measuring instruments,
                   peralatan navigasi                                             testing equipment, and navigation
                                                                                  control devices
                  Reparasi mesin untuk keperluan umum                           General-purpose machinery repair

          2.   Perdagangan besar alat transportasi udara:               2.    Wholesale trade of air transportation
                                                                              equipment:
                  Perdagangan besar alat transportasi                           Wholesale trade of air transportation
                   udara,     suku   cadang       dan                             equipment,    spare    parts,    and
                   perlengkapannya                                                accessories

                  Perdagangan besar suku cadang                                 Wholesale trade of electronic spare
                   elektronik                                                     parts
                  Perdagangan besar mesin pesawat,                              Wholesale trade of aircraft engines,
                   peralatan dan perlengkapan lainnya                             equipment, and other accessories

          3.   Aktivitas kebandaraudaraan:                              3.    Airport activities:
                   Bounded warehousing atau wilayah                             Bounded warehousing or bonded area
                    kawasan berikat
                   Manajemen moda transportasi dan                              Management of transportation modes
                    penunjang angkutan udara                                      and support for air transportation

          4.   Konsultasi transportasi:                                 4.    Transportation consulting:
                 Penelitian      dan    pengembangan                            Research and development of airport
                  teknologi kebandarudaraan                                       technology
                 Inspeksi secara berkala                                        Periodic inspections
                 Kalibrasi pesawat                                              Aircraft calibration




                                                              10

                                                                                                                                   479
Page 480
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                  (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)

                                      1.   INFORMASI UMUM (lanjutan)                             1.   GENERAL INFORMATION (continued)

                                           a.   Pendirian dan informasi umum (lanjutan)               a.   Establishment       and     general    information
                                                                                                           (continued)

                                                Kantor pusat Perusahaan berkedudukan di                    The Company's head office is located at Hangar
                                                Hanggar 4 Garuda Maintenance Facility Aero                 4 Garuda Maintenance Facility Aero Asia,
                                                Asia, Bandara Soekarno Hatta, Cengkareng,                  Bandara      Soekarno     Hatta,   Cengkareng,
                                                Tangerang. Berdasarkan Surat Keputusan                     Tangerang. Based on the Decision Letter of the
                                                Menteri    Keuangan      Republik   Indonesia              Minister of Finance of the Republic of Indonesia
                                                No. 387/KMK.04/2002 tanggal 30 Agustus 2002,               No. 387/KMK.04/2002 dated 30 August 2002,
                                                lokasi Perusahaan ditetapkan sebagai kawasan               the Company’s location was approved as a
                                                berikat dan berdasarkan Keputusan Menteri                  bonded area and based on the Decision Letter of
                                                Keuangan No. KEP-355/WPJ.19/2012 tanggal                   the Minister of Finance of the Republic of
                                                30 Maret 2012 lokasi perusahaan ditetapkan                 Indonesia No. KEP-355/WPJ.19/2012 dated 30
                                                sebagai Pusat Logistik Berikat.                            March 2012, the Company’s location was
                                                                                                           approved as a Bonded Logistic Center.

                                                Perusahaan mulai beroperasi secara komersial               The Company commenced its commercial
                                                pada tahun 2002. Pada tanggal 31 Desember                  operations in 2002. As at December 31, 2025
                                                2025 dan 2024, Perusahaan dan entitas                      and 2024, the Company and its subsidiaries
                                                anaknya, masing-masing memiliki 4.191 dan                  have 4,191 and 4,201 employees, respectively
                                                4.201 orang karyawan (tidak diaudit).                      (unaudited).
Laporan Keuangan - Financial Report




                                                Perusahaan dan entitas anak (bersama-sama                  The Company and its subsidiaries (collectively
                                                disebut sebagai “Grup”) dikendalikan oleh                  referred to as the “Group”) are controlled by its
                                                entitas induk langsungnya, PT Garuda Indonesia             immediate parent company, PT Garuda
                                                (Persero) Tbk (“Garuda”), Badan Usaha Milik                Indonesia (Persero) Tbk (“Garuda”), a State-
                                                Negara. Entitas induk utama Perusahaan adalah              owned Enterprise. The ultimate parent of the
                                                Pemerintah Republik Indonesia.                             Company is the Government of the Republic of
                                                                                                           Indonesia.

                                                Pada tanggal 31 Desember 2025 dan                          As at December 31, 2025 and 2024, the
                                                2024, susunan anggota Dewan Komisaris dan                  composition of the Company’s Boards of
                                                Direksi Perusahaan adalah sebagai berikut:                 Commissioners and Directors was as follows:

                                                                              2025                               2024

                                                Komisaris Utama             Oki Yanuar                        Dharmadi                   President Commissioner
                                                Komisaris            Giring Ganesha Djumaryo                Rahmat Hanafi                          Commissioner
                                                Komisaris                 Sugiharto Prapto                         -                               Commissioner
                                                Komisaris Independen        Dean Arslan                          Abhan               Independent Commissioners
                                                                                                             Ali Gunawan
                                                                                                             Agit Altrianto

                                                Direktur Utama            Andi Fahrurrozi                  Andi Fahrurrozi                     President Director
                                                Direktur                    Tri Hartono                    Salusra Satria                              Directors
                                                                            Mitra Piranti                   Irvan Pribadi
                                                                       Bobi Gumelar Raspati                   Mukhtaris
                                                                         Endang Tardiana                   Pudjo Sarwoko




                                                                                                 11

480
Page 481
                                                                           The original consolidated financial statements




                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                                                            included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)

1.   INFORMASI UMUM (lanjutan)                           1.   GENERAL INFORMATION (continued)

     a.   Pendirian dan informasi umum (lanjutan)             a.   Establishment      and    general     information
                                                                   (continued)

          Pada tanggal 31 Desember 2025 dan                        As at December 31, 2025 and December 31,
          31 Desember 2024, susunan Komite Audit                   2024, the composition of the Company’s Audit




                                                                                                                            Operational Excellence For Reliable Aviation Services
          Perusahaan adalah sebagai berikut:                       Committees was as follows:

                                       2025                             2024
          Ketua                     Dean Arslan                         Ali Gunawan                           Chairman
          Anggota                   Oki Yanuar                         Dodi Yasendri                          Members
                                Edward Okky Avianto                 Edward Okky Avianto
                                   Dodi Yasendri

     b.   Penawaran umum efek                                 b.   Public offering of securities issued

          Pada tanggal 29 September 2017, Perusahaan               On September 29, 2017, the Company obtained
          memperoleh surat pernyataan efektif Otoritas             the Notice of Effectivity from the Financial
          Jasa Keuangan (“OJK”) melalui Surat Kepala               Service Authority (“Otoritas Jasa Keuangan” or
          Eksekutif    Pengawas      Pasar     Modal               “OJK”) in its Letter No. S-424/D.04/2017
          No. S-424/D.04/2017 tentang Pemberitahuan                regarding Notice of Registration Statement
          Efektifnya Pernyataan Pendaftaran untuk                  Effectivity for the offering of 2,823,351,100
          penawaran umum perdana 2.823.351.100                     shares to the public.
          saham Perusahaan kepada masyarakat.

          Pada tanggal 12 Desember 2024, Perusahaan                On December 12, 2024, the Company obtained
          memperoleh surat pernyataan efektif Otoritas             an effective statement letter from the Financial
          Jasa Keuangan (“OJK”) melalui Surat Kepala               Services Authority (“OJK”) through the Letter of
          Eksekutif    Pengawas     Pasar      Modal               the Chief Executive of the Capital Market
          No. S-166/D.04/2024 tentang Penambahan                   Supervisory Agency No. S-166/D.04/2024
          Modal Dengan Hak Memesan Efek Terlebih                   concerning the Addition of Capital with Pre-
          Dahulu (PMHMETD) sebanyak 9.332.467.476                  Emptive Rights (PMHMETD) of 9,332,467,476
          saham.                                                   shares.

          Pada tanggal 1 Desember 2025, Perusahaan                 On December 11, 2025, the Company obtained
          memperoleh surat pernyataan efektif Otoritas             an effective statement letter from the Financial
          Jasa Keuangan (“OJK”) melalui Surat Kepala               Services Authority (“OJK”) through the Letter of
          Eksekutif    Pengawas      Pasar     Modal               the Chief Executive of the Capital Market
          No. S-133/D.04/2025 tentang Penambahan                   Supervisory Agency No. S-133/D.04/2025
          Modal Dengan Hak Memesan Efek Terlebih                   concerning the Addition of Capital with Pre-
          Dahulu    II  (”PMHMETD      II”) sebanyak               Emptive Rights II (”PMHMETD II”) of
          87.269.279.458 lembar saham.                             87,269,279,458 shares.




                                                         12

                                                                                                                            481
Page 482
                                                                                                                                     The original consolidated financial statements
                                                                                                                                      included herein are in Indonesian language.

                                                                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                                   (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

                                      1.   INFORMASI UMUM (lanjutan)                                        1.    GENERAL INFORMATION (continued)

                                           c.   Struktur Grup                                                      c.       Group structures

                                                Pada tanggal 31 Desember 2025, Perusahaan                                   As at December 31, 2025, the Company has a
                                                memiliki kepemilikan secara langsung atas                                   direct ownership interest in its subsidiaries, over
                                                entitas  anak,    yang    dikendalikan oleh                                 which the Company has the following control:
                                                Perusahaan sebagai berikut:

                                                                                                                                                                     Total aset
                                                                                                                                                 Tahun operasi   sebelum eliminasi/
                                                                                                                                  Persentase       komersial/       Total assets
                                                                                                                                 kepemilikan/       Start of     before elimination
                                                                                   Domisili/   Kegiatan usaha utama/             Percentage of    commercial       31 Desember/
                                                   Entitas anak/Subsidiary         Domicile    Main business activities           ownership       operations      December 2025

                                                PT Garuda Daya Pratama                         Aktivitas ketenagakerjaan/
                                                 Sejahtera (“GDPS”)                Jakarta       Employment activities               91%             2019             8.339.782


                                                Pendirian GDPS dan GELK di tahun 2019                                       Establishment of GDPS and GELK in 2019

                                                Perusahaan dan Koperasi Karyawan PT Garuda                                  The Company and Koperasi Karyawan
                                                Maintenance Facility Aero Asia Sejahtera                                    PT Garuda Maintenance Facility Aero Asia
                                                mendirikan GDPS berdasarkan Akta No. 42,                                    Sejahtera established GDPS based on Deed No.
                                                tanggal 22 Januari 2019 dari Arry Supratno,                                 42 dated January 22, 2019 from Arry Supratno
Laporan Keuangan - Financial Report




                                                S.H.,    dengan      modal    dasar sebesar                                 S.H., with authorised capital of Rp8,000,000,000
                                                Rp8.000.000.000 dan modal ditempatkan dan                                   and issued and fully paid capital of
                                                disetor penuh Rp2.000.000.000. Ruang lingkup                                Rp2,000,000,000. GDPS’ scope of activities is to
                                                usaha GDPS adalah menjalankan usaha dalam                                   conduct business in the field of employment.
                                                bidang aktivitas ketenagakerjaan.

                                                Perusahaan dan PT Aero Wisata, pemegang                                     The Company and PT Aero Wisata, a
                                                saham      Perusahaan,     mendirikan    GELK                               shareholder, established GELK based on Deed
                                                berdasarkan Akta No. 09, tanggal 4 Februari                                 No. 09 dated February 4, 2019 from Arry
                                                2019 dari Arry Supratno, S.H., dengan modal                                 Supratno S.H., with authorised capital of
                                                dasar sebesar Rp62.626.000.000 dan modal                                    Rp62,626,000,000 and issued and fully paid
                                                ditempatkan        dan      disetor      penuh                              capital of Rp15,656,500,000. GELK’s initial
                                                Rp15.656.500.000. Ruang lingkup usaha GELK,                                 scope of activities is to conduct business in the
                                                pada awalnya, adalah menjalankan usaha                                      field of trading and operational lease of spare
                                                dalam bidang perdagangan dan sewa guna                                      parts and airline engines, general trading, supply
                                                usaha suku cadang dan mesin pesawat udara,                                  of electricity, and the distribution of fuel to
                                                perdagangan umum, penyediaan energi listrik                                 support airline operational activities.
                                                dan distribusi bahan bakar minyak dalam rangka
                                                menunjang kegiatan operasional penerbangan.

                                                Likuidasi dan pembubaran PT Garuda Energi                                   Liquidation and dissolution of PT Garuda
                                                Logistik Komersial (”GELK”)                                                 Energi Logistik Komersial (”GELK”)

                                                Di bulan Juni 2020, Grup menghentikan kegiatan                              In June 2020, the Group ceased GELK's
                                                operasional GELK sebagai persiapan likuidasi                                operational activities in preparation for its
                                                dan pembubarannya.                                                          liquidation and dissolution.




                                                                                                          13

482
Page 483
                                                                                The original consolidated financial statements




                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                 included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

1.   INFORMASI UMUM (lanjutan)                               1.    GENERAL INFORMATION (continued)

     c.   Struktur Grup (lanjutan)                                 c.   Group structures (continued)

          Likuidasi dan pembubaran PT Garuda Energi                     Liquidation and dissolution of PT Garuda
          Logistik Komersial (”GELK”) (lanjutan)                        Energi    Logistik  Komersial   (”GELK”)
                                                                        (continued)




                                                                                                                                 Operational Excellence For Reliable Aviation Services
          Berdasarkan Akta Notaris No. 27 tanggal 20 April              Based on the Deed No. 27 dated April 20, 2022
          2022 oleh dibuat dihadapan Arry Supratno, S.H.,               drawn up before Arry Supratno, S.H., Notary in
          Notaris di Kabupaten Tangerang, yang                          Tangerang Regency, which has received
          mendapatkan persetujuan dari Menteri Hukum                    approval from the Minister of Law and Human
          dan Hak Asasi Manusia Republik Indonsia                       Rights of the Republic of Indonesia in
          sesuai dengan Surat Keputusan Nomor                           accordance with Decision Letter Number AHU-
          AHU-AH.01.10-0012780 tahun 2021 tanggal 4                     AH.01.10-0012780 of 2021 dated March 4, 2021
          Maret 2021 GELK berstatus dibubarkan.                         GELK was dissolved.

          Pada 18 Juni 2025, Perusahaan telah menerima                  On June 18, 2025, the Company has received
          Surat dari Direktorat Jenderal Pajak sehubungan               from the Directorate General of Tax in relation
          dengan penghapusan Nomor Pokok Wajib Pajak                    with the revocation of GELK Tax Identification
          GELK.       Perusahaan      telah     melakukan               Number. The Company has deconsolidated
          dekonsolidasi GELK dari laporan keuangan                      GELK from its consolidated financial statements.
          konsolidasian.


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL             ACCOUNTING                 POLICY
                                                                   INFORMATION

     Manajemen Perusahaan bertanggung jawab atas                   The Company’s management is responsible for the
     penyusunan dan penyajian wajar laporan keuangan               preparation and fair presentation of these
     konsolidasian ini sesuai dengan Standar Akuntansi             consolidated financial statements in accordance with
     Keuangan di Indonesia, yang telah diselesaikan dan            Indonesian Financial Accounting Standards, which
     diotorisasi untuk diterbitkan oleh Direksi Perusahaan         were completed and authorized for issuance by the
     pada tanggal 25 Maret 2026.                                   Board of Directors of the Company on March 25,
                                                                   2026.

     a.   Dasar penyusunan           laporan   keuangan            a.   Basis of preparation of the consolidated
          konsolidasian                                                 financial statements

          Laporan keuangan konsolidasian telah disusun                  The consolidated financial statements have
          sesuai dengan Standar Akuntansi Keuangan di                   been prepared in accordance with Indonesian
          Indonesia (“SAK”), yang mencakup Pernyataan                   Financial Accounting Standards (“SAK”), which
          dan Interpretasi yang dikeluarkan oleh Dewan                  comprise the Statements and Interpretations
          Standar Akuntansi Keuangan Ikatan Akuntan                     issued by the Board of Financial Accounting
          Indonesia (DSAK IAI) dan Peraturan-Peraturan                  Standards of the Indonesian Institute of
          serta Pedoman Penyajian dan Pengungkapan                      Accountants (Dewan Standar Akuntansi
          Laporan Keuangan yang diterbitkan oleh                        Keuangan Ikatan Akuntan Indonesia or DSAK
          Otoritas Jasa Keuangan (“OJK”).                               IAI) and the Regulations and Guidelines on
                                                                        Financial     Statement     Presentation    and
                                                                        Disclosures issued by Financial Services
                                                                        Authority (“Otoritas Jasa Keuangan” or “ OJK”).




                                                             14

                                                                                                                                 483
Page 484
                                                                                                                     The original consolidated financial statements
                                                                                                                      included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                  2.   MATERIAL       ACCOUNTING                       POLICY
                                           (lanjutan)                                                   INFORMATION (continued)

                                           a.   Dasar penyusunan laporan            keuangan            a.   Basis of preparation of the consolidated
                                                konsolidasian (lanjutan)                                     financial statements (continued)

                                                Laporan keuangan konsolidasian disusun                       The consolidated financial statements have
                                                berdasarkan konsep akrual, kecuali laporan arus              been prepared on the accrual basis, except for
                                                kas konsolidasian, dengan menggunakan                        the consolidated statement of cash flows, using
                                                konsep biaya historis, kecuali seperti yang                  the historical cost concept of accounting, except
                                                disebutkan dalam catatan atas laporan                        as disclosed in the relevant notes to the
                                                keuangan konsolidasian yang relevan.                         consolidated financial statements herein.

                                                Laporan arus kas konsolidasian disusun dengan                The consolidated statement of cash flows has
                                                menggunakan metode langsung dengan                           been prepared based on the direct method by
                                                mengelompokkan arus kas ke dalam aktivitas                   classifying cash flows on the basis of operating,
                                                operasi, investasi, dan pendanaan.                           investing, and financing activities.

                                                Laporan keuangan konsolidasian disusun                       The consolidated financial statements have
                                                menggunakan asumsi kelangsungan usaha.                       been prepared using the going concern
                                                Asumsi ini digunakan berdasarkan pengetahuan                 assumption. This assumption is being used
                                                manajemen atas fakta-fakta dan keadaan                       based on management’s knowledge of current
                                                sekarang, asumsi-asumsi yang timbul atas                     facts and circumstances, assumption based on
Laporan Keuangan - Financial Report




                                                pengetahuan tersebut dan ekspektasi saat ini                 that knowledge and current expectations of
                                                atas kejadian dan tindakan di masa yang akan                 future events and actions, as disclosed in Note
                                                datang, seperti diungkapkan di Catatan 36.                   36.

                                                Seluruh angka dalam laporan keuangan                         Figures in the consolidated financial statements
                                                konsolidasian ini disajikan dalam Dolar AS,                  are stated in US Dollars, unless otherwise
                                                kecuali dinyatakan lain.                                     specified.

                                                Kebijakan akuntansi yang diterapkan oleh Grup                The accounting policies adopted by the Group
                                                adalah selaras bagi periode yang dicakup oleh                are consistently applied for the period covered
                                                laporan keuangan konsolidasian, kecuali untuk                by the consolidated financial statements, except
                                                standar akuntansi baru dan revisi seperti                    for new and revised accounting standards as
                                                diungkapkan pada Catatan 2b di bawah ini.                    disclosed in the following Note 2b.

                                           b.   Perubahan Pernyataan Standar Akuntansi                  b.   Changes to the Statement of Financial
                                                Keuangan dan Interpretasi Pernyataan                         Accounting Standards and Interpretations of
                                                Standar Akuntansi Keuangan                                   Statement of Financial Accounting Standards

                                                Grup menerapkan untuk pertama kalinya                        The Group applied for the first-time certain
                                                beberapa standar dan amandemen tertentu                      standards and amendments, which are effective
                                                yang efektif untuk periode tahunan yang dimulai              for annual periods beginning on or after January
                                                pada atau setelah 1 Januari 2025 (kecuali                    1, 2025 (unless otherwise stated). The Group
                                                dinyatakan lain). Grup tidak melakukan                       has not early adopted any other standard,
                                                penerapan dini atas standar, interpretasi, atau              interpretation or amendment that has been
                                                amandemen lain yang telah diterbitkan namun                  issued but is not yet effective.
                                                belum efektif.




                                                                                                  15

484
Page 485
                                                                                 The original consolidated financial statements




                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                  included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL       ACCOUNTING                        POLICY
     (lanjutan)                                                    INFORMATION (continued)

     b.   Perubahan Pernyataan Standar Akuntansi                   b.   Changes to the Statement of Financial
          Keuangan dan Interpretasi Pernyataan                          Accounting Standards and Interpretations of
          Standar Akuntansi Keuangan (lanjutan)                         Statement of Financial Accounting Standards
                                                                        (continued)




                                                                                                                                  Operational Excellence For Reliable Aviation Services
          Amandemen        PSAK      221:    Kekurangan                 Amendment      of      PSAK      221:     Lack     of
          Ketertukaran                                                  Exchangeability

          Amandemen tersebut menetapkan bagaimana                       The amendments specifies how an entity should
          entitas harus menilai apakah suatu mata uang                  assess whether a currency is exchangeable and
          dapat dipertukarkan serta bagaimana entitas                   how it should determine a spot exchange rate
          harus menentukan kurs spot ketika ketertukaran                when     exchangeability   is   lacking.   The
          (exchangeability) tidak tersedia. Amandemen                   amendments also require disclosure of
          tersebut juga mensyaratkan pengungkapan                       information that enables users of its financial
          informasi yang memungkinkan pengguna                          statements to understand how the currency not
          laporan keuangan untuk memahami bagaimana                     being exchangeable into the other currency
          ketidakmampuan mata uang tersebut untuk                       affects, or is expected to affect, the entity’s
          dipertukarkan dengan mata uang lainnya                        financial performance, financial position and
          memengaruhi,       atau    diharapkan     akan                cash flows.
          memengaruhi,      kinerja  keuangan,     posisi
          keuangan, dan arus kas entitas.

          Amandemen ini tidak berdampak terhadap                        This amendment did not have any impact on the
          laporan keuangan konsolidasian Grup.                          Group’s consolidated financial statements.

          PSAK 117: Kontrak Asuransi                                    PSAK 117: Insurance Contracts

          PSAK 117 merupakan standar akuntansi baru                     PSAK 117 is a comprehensive new accounting
          yang komprehensif mencakup pengakuan dan                      standard for insurance contracts covering
          pengukuran, penyajian, serta pengungkapan                     recognition and measurement, presentation and
          untuk      kontrak   asuransi.    PSAK       117              disclosure. PSAK 117 replaces PSAK 104
          menggantikan PSAK 104: Kontrak Asuransi.                      Insurance Contracts. PSAK 117 applies to all
          PSAK 117 berlaku untuk seluruh jenis kontrak                  types of insurance contracts (i.e., life, non-life,
          asuransi (yaitu, jiwa, non-jiwa, asuransi                     direct insurance and re-insurance), regardless of
          langsung, dan reasuransi), tanpa memandang                    the type of entities that issue them as well as to
          jenis entitas yang menerbitkannya, serta berlaku              certain guarantees and financial instruments with
          pula untuk jenis garansi tertentu dan instrumen               discretionary participation features.
          keuangan dengan fitur partisipasi diskresioner.

          Tujuan utama PSAK 117 adalah menyediakan                      The overall objective of PSAK 117 is to provide
          model akuntansi yang komprehensif untuk                       a comprehensive accounting model for
          kontrak asuransi yang lebih berguna dan                       insurance contracts that is more useful and
          konsisten bagi entitas asuransi, mencakup                     consistent for insurers, covering all relevant
          seluruh aspek akuntansi yang relevan. PSAK                    accounting aspects. PSAK 117 is based on a
          117 didasarkan pada model umum yang                           general model, supplemented by:
          dilengkapi dengan:
          • Penyesuaian khusus untuk kontrak dengan                     •   A specific adaptation for contracts with direct
              fitur partisipasi langsung (variable fee                      participation features (the variable fee
              approach)                                                     approach)
          • Pendekatan yang disederhanakan (premium                     •   A simplified approach (the premium
              allocation approach) yang terutama berlaku                    allocation approach) mainly for short-duration
              untuk kontrak berdurasi pendek                                contracts




                                                             16

                                                                                                                                  485
Page 486
                                                                                                                        The original consolidated financial statements
                                                                                                                         included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                        (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL       ACCOUNTING                         POLICY
                                           (lanjutan)                                                    INFORMATION (continued)

                                           b.   Perubahan Pernyataan Standar Akuntansi                   b.   Changes to the Statement of Financial
                                                Keuangan dan Interpretasi Pernyataan                          Accounting Standards and Interpretations of
                                                Standar Akuntansi Keuangan (lanjutan)                         Statement of Financial Accounting Standards
                                                                                                              (continued)

                                                PSAK 117: Kontrak Asuransi (lanjutan)                         PSAK 117: Insurance Contracts (continued)

                                                Standar baru tersebut tidak memiliki dampak                   The new standard had no impact on the Group’s
                                                terhadap laporan keuangan konsolidasian Grup.                 consolidated financial statements.

                                           c.   Prinsip-prinsip konsolidasi                              c.   Principles of consolidation

                                                Laporan keuangan konsolidasian meliputi                       The consolidated financial statements comprise
                                                laporan keuangan Perusahaan dan entitas anak.                 the financial statements of the Company and its
                                                Kendali diperoleh bila Grup terekspos atau                    subsidiary. Control is achieved when the Group
                                                memiliki hak atas imbal hasil variabel dari                   is exposed, or has rights, to variable returns from
                                                keterlibatannya dengan investee dan memiliki                  its involvement with the investee and has the
                                                kemampuan untuk mempengaruhi imbal hasil                      ability to affect those returns through its power
                                                tersebut melalui kekuasaannya atas investee.                  over the investee. Thus, the Group controls an
Laporan Keuangan - Financial Report




                                                Dengan demikian, investor mengendalikan                       investee if and only if the Group has all of the
                                                investee jika dan hanya jika investor memiliki                following:
                                                seluruh hal berikut ini:

                                                i)   Kekuasaan atas investee, yaitu hak yang                  i)   Power over the investee, that is existing rights
                                                     ada saat ini yang memberi investor                            that give the Group current ability to direct the
                                                     kemampuan kini untuk mengarahkan                              relevant activities of the investee,
                                                     aktivitas relevan dari investee,
                                                 ii) Eksposur atau hak atas imbal hasil variabel              ii) Exposure, or rights, to variable returns from
                                                     dari keterlibatannya dengan investee, dan                     its involvement with the investee, and
                                                iii) Kemampuan          untuk       menggunakan               iii) The ability to use its power over the investee
                                                     kekuasaannya       atas     investee  untuk                   to affect its returns.
                                                     mempengaruhi jumlah imbal hasil.

                                                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 in
                                                keadaan yang relevan dalam mengevaluasi                       assessing whether it has power over an investee,
                                                apakah mereka memiliki kekuasaan atas                         including:
                                                investee, termasuk:

                                                i)   Pengaturan kontraktual dengan pemilik hak                i) The contractual arrangement with the other
                                                     suara lainnya dari investee,                                  vote holders of the investee,
                                                ii) Hak yang timbul atas pengaturan kontraktual               ii) Rights arising from other contractual
                                                     lain, dan                                                     arrangements, and
                                                iii) Hak suara dan hak suara potensial yang                   iii) The Group's voting rights and potential voting
                                                     dimiliki Grup.                                                rights.




                                                                                                   17

486
Page 487
                                                                                  The original consolidated financial statements




                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                   included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.   MATERIAL       ACCOUNTING                        POLICY
     (lanjutan)                                                     INFORMATION (continued)

     c.   Prinsip-prinsip konsolidasi (lanjutan)                    c.   Principles of consolidation (continued)

          Grup menilai kembali apakah mereka                             The Group re-assesses whether or not it controls
          mengendalikan investee bila fakta dan keadaan                  an investee if facts and circumstances indicate




                                                                                                                                   Operational Excellence For Reliable Aviation Services
          mengindikasikan adanya perubahan terhadap                      that there are changes to one or more of the three
          satu atau lebih dari ketiga elemen dari                        elements of control. Consolidation of a subsidiary
          pengendalian. Konsolidasi atas entitas-entitas                 begins when the Group obtains control over the
          anak dimulai sejak Grup memperoleh                             subsidiary and ceases when the Group loses
          pengendalian atas entitas anak dan berakhir                    control of the subsidiary. Assets, liabilities,
          pada saat Grup kehilangan pengendalian atas                    income and expenses of a subsidiary acquired
          entitas anak. Aset, liabilitas, penghasilan dan                during the year are included in the consolidated
          beban dari entitas anak yang diakuisisi pada                   financial statements from the date the Group
          tahun tertentu disertakan dalam laporan                        gains control until the date the Group ceases to
          keuangan konsolidasian sejak tanggal Grup                      control the subsidiary.
          memperoleh kendali sampai tanggal Grup tidak
          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 and
          pada kepentingan nonpengendali (“KNP”),                        to the non-controlling interests (“NCI”), even if this
          walaupun hal ini akan menyebabkan saldo KNP                    results in the NCI having a deficit balance. When
          yang defisit. Bila dipandang perlu, penyesuaian                necessary, adjustments are made to the financial
          dilakukan terhadap laporan keuangan entitas                    statements of subsidiaries to bring their
          anak untuk diselaraskan dengan kebijakan                       accounting policies into line with the Group’s
          akuntansi Grup.                                                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 saat                  transactions between members of the Group are
          konsolidasi.                                                   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 accounted
          mengakibatkan hilangnya pengendalian, dicatat                  for as an equity transaction. If the Group loses
          sebagai transaksi ekuitas. Bila kehilangan                     control over a subsidiary, it derecognizes the
          pengendalian atas suatu entitas anak, maka                     related assets (including goodwill), liabilities, NCI
          Grup menghentikan pengakuan atas aset                          and other components of equity, while the
          (termasuk goodwill), liabilitas dan komponen lain              difference is recognized in the profit or loss. Any
          dari ekuitas terkait, dan selisihnya diakui pada               investment retained is recognized at fair value.
          laba rugi. Bagian dari investasi yang tersisa
          diakui pada nilai wajar.

     d.   Pengukuran nilai wajar                                    d. Fair value measurement

          Grup mengukur pada pengakuan awal                              The    Group      initially measures      financial
          instrumen keuangan, dan aset dan liabilitas yang               instruments, and assets and liabilities of the
          diperoleh melalui kombinasi bisnis pada nilai                  acquirees upon business combinations at fair
          wajar. Grup juga mengukur jumlah terpulihkan                   value. They also measure certain recoverable
          dari unit penghasil kas (“UPK”) tertentu                       amounts of the cash generating unit (“CGU”)
          berdasarkan nilai wajar dikurangi biaya                        using fair value less cost of disposal (“FVLCD”)
          pelepasan, dan aset keuangan tertentu pada                     and certain financial assets at fair value through
          nilai wajar melalui penghasilan komprehensif                   other comprehensive income (“FVOCI”).
          lain (“NWPKL”).




                                                              18

                                                                                                                                   487
Page 488
                                                                                                                         The original consolidated financial statements
                                                                                                                          included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL       ACCOUNTING                       POLICY
                                           (lanjutan)                                                       INFORMATION (continued)

                                           d.   Pengukuran nilai wajar (lanjutan)                           d. Fair value measurement (continued)

                                                Nilai wajar adalah harga yang akan diterima dari               Fair value is the price that would be received to
                                                menjual suatu aset atau harga yang akan                        sell an asset or paid to transfer a liability in an
                                                dibayar untuk mengalihkan suatu liabilitas dalam               orderly transaction between market participants
                                                transaksi teratur antara pelaku pasar pada                     at the measurement date. The fair value
                                                tanggal pengukuran. Pengukuran nilai wajar                     measurement is based on the presumption that
                                                mengasumsikan bahwa transaksi untuk menjual                    the transaction to sell the asset or transfer liability
                                                aset atau mengalihkan liabilitas terjadi:                      takes place either:
                                                i) Di pasar utama untuk aset atau liabilitas                    i) In the principal market for the asset or liability,
                                                    tersebut, atau                                                  or
                                                ii) Jika tidak terdapat pasar utama, di pasar                   ii) In the absence of a principal market, in the
                                                    yang paling menguntungkan untuk aset atau                       most advantageous market for the asset or
                                                    liabilitas tersebut.                                            liability.

                                                Pasar utama atau pasar yang paling                             The principal or the most advantageous market
                                                menguntungkan tersebut harus dapat diakses                     must be accessible to by the Group.
                                                oleh Grup.

                                                Nilai wajar dari aset atau liabilitas diukur dengan            The fair value of an asset or a liability is measured
Laporan Keuangan - Financial Report




                                                menggunakan asumsi yang akan digunakan                         using the assumptions that market participants
                                                pelaku pasar ketika menentukan harga aset atau                 would use when pricing the asset or liability,
                                                liabilitas tersebut, dengan asumsi bahwa pelaku                assuming that market participants act in their
                                                pasar bertindak dalam kepentingan ekonomi                      economic best interest.
                                                terbaiknya.

                                                Pengukuran nilai wajar dari suatu aset                         A fair value measurement of a non-financial asset
                                                nonkeuangan memperhitungkan kemampuan                          takes into account a market participant's ability to
                                                pelaku pasar untuk menghasilkan manfaat                        generate economic benefits by using the asset in
                                                ekonomik dengan menggunakan aset dalam                         its highest and best use or by selling it to another
                                                penggunaan tertinggi dan terbaiknya atau                       market participant that would use the asset in its
                                                dengan menjualnya kepada pelaku pasar lain                     highest and best use.
                                                yang akan menggunakan aset tersebut pada
                                                penggunaan tertinggi dan terbaiknya.
                                                Grup menggunakan teknik penilaian yang sesuai                  The Group uses valuation techniques that are
                                                dengan keadaan dan data yang memadai                           appropriate in the circumstances and for which
                                                tersedia untuk mengukur nilai wajar, dengan                    sufficient data is available to measure fair value,
                                                memaksimalkan masukan (input) yang dapat                       maximizing the use of relevant observable inputs
                                                diamati (observable) yang relevan dan                          and minimizing the use of unobservable inputs.
                                                meminimalkan masukan (input) yang tidak dapat
                                                diamati (unobservable).

                                                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, based
                                                (input) paling rendah yang signifikan terhadap                 on the lowest level input that is significant to the
                                                pengukuran nilai wajar secara keseluruhan                      fair value measurement as a whole:
                                                sebagai berikut:




                                                                                                      19

488
Page 489
                                                                                   The original consolidated financial statements




                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                          (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.    MATERIAL       ACCOUNTING                         POLICY
     (lanjutan)                                                      INFORMATION (continued)

     d.   Pengukuran nilai wajar (lanjutan)                          d. Fair value measurement (continued)

          i)   Level 1 - Harga kuotasian (tanpa                           i)   Level 1 - Quoted (unadjusted) market prices
               penyesuaian) di pasar aktif untuk aset atau                     in active markets for identical assets or




                                                                                                                                    Operational Excellence For Reliable Aviation Services
               liabilitas yang identik yang dapat diakses                      liabilities.
               entitas pada tanggal pengukuran.
          ii) Level 2 - Teknik penilaian yang                             ii) Level 2 - Valuation techniques for which the
               menggunakan tingkat masukan (input) yang                       lowest level input that is significant to the fair
               paling rendah yang signifikan terhadap                         value measurement is directly or indirectly
               pengukuran nilai wajar yang dapat diamati                      observable.
               (observable) baik secara langsung atau tidak
               langsung.
          iii) Level 3 - Teknik penilaian yang                            iii) Level 3 - Valuation techniques for which the
               menggunakan tingkat masukan (input) yang                        lowest level input that is significant to the fair
               paling rendah yang signifikan terhadap                          value measurement is unobservable.
               pengukuran nilai wajar yang tidak dapat
               diamati (unobservable).

          Untuk aset dan liabilitas yang diakui pada                     For assets and liabilities that are recognized in
          laporan keuangan         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 (based
          kategori (berdasarkan level masukan (input)                    on the lowest level input that is significant to the
          paling rendah yang signifikan terhadap                         fair value measurement as a whole) at the end of
          pengukuran nilai wajar secara keseluruhan)                     each reporting period.
          pada tiap akhir periode pelaporan.

          Untuk tujuan pengungkapan nilai wajar, Grup                    For the purpose of fair value disclosures, the
          mementukan klasifikasi aset dan liabilitas                     Group has determined classes of assets and
          berdasarkan sifat, karakteristik dan risikonya                 liabilities on the basis of the nature, characteristics
          dan level pada hierarki nilai wajar sebagaimana                and risks of the asset or liability and the level of
          dijelaskan diatas.                                             the fair value hierarchy as explained above.

     e.   Penjabaran mata uang asing                                e.   Foreign currency translation

          Mata uang pelaporan yang digunakan pada                        The reporting currency used in the consolidated
          laporan keuangan konsolidasian adalah Dolar                    financial statements is United States Dollar
          Amerika Serikat (“AS$”), yang juga merupakan                   (“US$”), which is also the Company’s functional
          mata uang fungsional Perusahaan, kecuali                       currency, except for subsidiaries whose functional
          entitas anak yang memiliki mata uang fungsional                currency is Rupiah (“Rp”). Each entity in the
          Rupiah (“Rp”). Tiap entitas dalam Grup                         Group determines its own functional currency and
          menentukan mata uang fungsionalnya masing-                     their financial statements are measured using that
          masing dan laporan keuangannya masing-                         functional currency.
          masing diukur menggunakan mata uang
          fungsional tersebut.




                                                              20

                                                                                                                                    489
Page 490
                                                                                                                          The original consolidated financial statements
                                                                                                                           included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                         (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL       ACCOUNTING                        POLICY
                                           (lanjutan)                                                       INFORMATION (continued)

                                           e.   Penjabaran mata uang asing (lanjutan)                      e.    Foreign currency translation (continued)

                                                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 assets
                                                mata uang asing dijabarkan sesuai dengan rata-                   and liabilities denominated in foreign currencies
                                                rata kurs jual dan beli yang diterbitkan oleh Bank               are adjusted to reflect the average of the selling
                                                Indonesia pada tanggal transaksi perbankan                       and buying rates of exchange prevailing at the
                                                terakhir untuk periode yang bersangkutan, dan                    last banking transaction date of the period, as
                                                laba atau rugi kurs yang timbul, dikreditkan atau                published by Bank Indonesia, and any resulting
                                                dibebankan pada operasi periode yang                             gains or losses are credited or charged to
                                                bersangkutan.                                                    operations of the current period.

                                                Pada tanggal 31 Desember 2025 dan                                As at December 31, 2025 and 2024, the rate of
                                                2024 nilai tukar yang digunakan untuk 1 Dolar                    exchange used for United States Dollar (“US$”) 1
                                                Amerika Serikat (“AS$”) yang diterbitkan Bank                    was published by Bank Indonesia are Rp16,782
                                                Indonesia adalah masing-masing sebesar                           and Rp16,162 for US$1, respectively.
                                                Rp16.782 dan Rp16.162 untuk AS$1.
Laporan Keuangan - Financial Report




                                                Transaksi dalam mata uang           asing   selain               Transactions in foreign currencies other than
                                                Dolar AS adalah tidak signifikan.                                US Dollar are not significant.

                                                Akun-akun dari entitas anak dijabarkan dari mata                 The accounts of foreign subsidiaries are
                                                uang pelaporannya menjadi Rupiah dengan                          translated from its respective reporting currency
                                                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-
                                                   non-moneter,         dijabarkan       dengan                      monetary, are translated using the closing
                                                   menggunakan kurs penutup.                                         rate of exchange.
                                                b) Pendapatan dan beban dijabarkan dengan                        b) Revenues and expenses are translated using
                                                   menggunakan kurs yang berlaku pada                                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 atas Penjabaran Akun-akun Kegiatan                          Income - Exchange Differences on
                                                   Usaha Luar Negeri” sebagai bagian dari                           Translation of the Accounts of Foreign
                                                   ekuitas sampai pelepasan investasi neto                          Operations” in the equity section until disposal
                                                   yang bersangkutan.                                               of the net investment.

                                           f.   Transaksi dengan pihak-pihak berelasi                       f.    Transactions with related parties

                                                Grup telah melakukan transaksi dengan pihak-                      The Group has entered transactions with certain
                                                pihak berelasi tertentu, sesuai dengan PSAK                       related parties as defined under PSAK 224:
                                                224: Pengungkapan Pihak-pihak Berelasi.                           Related Parties Disclosures.




                                                                                                     21

490
Page 491
                                                                                 The original consolidated financial statements




                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                  included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL       ACCOUNTING                        POLICY
     (lanjutan)                                                    INFORMATION (continued)

     f.   Transaksi    dengan     pihak-pihak    berelasi          f.   Transactions with related parties (continued)
          (lanjutan)

          Perusahaan dikendalikan oleh entitas langsung                 The Company are controlled by its immediate




                                                                                                                                  Operational Excellence For Reliable Aviation Services
          induk langsungnya, Garuda, Badan Usaha Milik                  parent company, Garuda, a State-owned
          Negara. Maka, saldo dan transaksi yang                        Enterprise. Therefore, significant transactions
          material antara Grup dengan Pemerintah                        and balances of the Group with the Government
          Negara Republik Indonesia dan entitas berelasi                of the Republic of Indonesia and Government-
          dengan Pemerintah diungkapkan dalam catatan                   related entities are disclosed in the relevant
          atas laporan keuangan konsolidasian yang                      notes to the consolidated financial statements.
          relevan. Grup memilih untuk mengungkapkan                     The Group elected to disclose the transactions
          transaksi dengan entitas berelasi dengan                      with Government-related entities, using the
          Pemerintah       dengan        menggunakan                    exemption from general related party disclosure
          pengecualian dari persyaratan pengungkapan                    requirements.
          pihak berelasi.

          Seluruh transaksi yang signifikan dengan pihak-               All significant transactions with related parties
          pihak berelasi telah diungkapkan dalam catatan                are disclosed in the notes to the consolidated
          atas laporan keuangan konsolidasian.                          financial statements.

     g.   Aset dan liabilitas keuangan                             g.   Financial assets and liabilities

          Aset keuangan                                                 Financial assets

          Instrumen keuangan adalah setiap kontrak yang                 A financial instrument is any contract that gives
          memberikan kenaikan nilai aset keuangan dari                  rise to a financial asset for one entity and a
          satu entitas dan liabilitas keuangan atau                     financial liability or equity instrument for another
          instrumen ekuitas dari entitas lainnya.                       entity.

          Pengakuan dan pengukuran awal                                 Initial recognition and measurement

          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
          pada nilai wajar melalui laba rugi (“NWLR”).                  measured at fair value through profit or loss
                                                                        (“FVTPL”).

          Agar aset keuangan diklasifikasikan dan diukur                In order for a financial asset to be classified and
          pada biaya perolehan diamortisasi atau nilai                  measured at amortized cost or fair value through
          wajar melalui penghasilan komprehensif lain                   other comprehensive income (“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 terutang.                the principal amount outstanding. This
          Penilaian ini disebut sebagai uji SPPB dan                    assessment is referred to as the SPPI test and is
          dilakukan pada tingkat instrumen.                             performed at an instrument level.

          Model bisnis Grup untuk mengelola aset                        The Group’s business model for managing
          keuangan mengacu pada bagaimana mereka                        financial assets refers to how it manages its
          mengelola     aset     keuangannya        untuk               financial assets in order to generate cash flows.
          menghasilkan arus       kas. Model        bisnis              The business model determines whether cash
          menentukan apakah arus kas akan dihasilkan                    flows will result from collecting contractual cash
          dari penerimaan arus kas kontraktual, penjualan               flows, selling the financial assets, or both.
          aset keuangan, atau keduanya.




                                                             22

                                                                                                                                  491
Page 492
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.   MATERIAL       ACCOUNTING                       POLICY
                                           (lanjutan)                                                     INFORMATION (continued)

                                           g.   Aset dan liabilitas keuangan (lanjutan)                   g.   Financial assets and liabilities (continued)

                                                Aset keuangan (lanjutan)                                       Financial assets (continued)

                                                Pengukuran selanjutnya                                         Subsequent measurement

                                                Untuk tujuan pengukuran selanjutnya, aset                      For purposes of subsequent measurement,
                                                keuangan diklasifikasikan dalam empat kategori:                financial assets are classified in four categories:
                                                   Aset keuangan pada biaya perolehan                             Financial assets at amortized cost (debt
                                                    diamortisasi (instrumen utang),                                 instruments),
                                                   Aset keuangan pada NWPKL dengan                                Financial assets at FVOCI with recycling of
                                                    reklasifikasi ke keuntungan dan kerugian                        cumulative gains and losses (debt
                                                    kumulatif (instrumen utang),                                    instruments),
                                                   Aset keuangan pada NWPKL tanpa                                 Financial assets designated at FVOCI with
                                                    reklasifikasi ke keuntungan dan kerugian                        no recycling of cumulative gains and losses
                                                    kumulatif atas pelepasan (instrumen                             upon derecognition (equity instruments),
                                                    ekuitas), dan                                                   and
                                                   NWLR                                                           FVTPL.
Laporan Keuangan - Financial Report




                                                Aset keuangan pada biaya              perolehan                Financial assets     at   amortized    cost    (debt
                                                diamortisasi (instrumen utang)                                 instruments)

                                                Grup mengukur aset keuangan pada biaya                         The Group measures financial assets at
                                                perolehan diamortisasi jika kedua kondisi berikut              amortized cost if both of the following conditions
                                                terpenuhi:                                                     are met:
                                                   Aset keuangan dimiliki dalam model bisnis                     The financial asset is held within a business
                                                    dengan tujuan untuk memiliki aset                              model with the objective to hold financial
                                                    keuangan dalam rangka mendapatkan arus                         assets in order to collect contractual cash
                                                    kas kontraktual, dan                                           flows, and
                                                   Persyaratan kontraktual dari aset keuangan                    The contractual terms of the financial asset
                                                    menghasilkan arus kas pada tanggal                             give rise on specified dates to cash flows
                                                    tertentu yang merupakan SPPB dari jumlah                       that are SPPI on the principal amount
                                                    pokok terutang.                                                outstanding.

                                                Aset keuangan yang diukur pada biaya                           Financial assets at amortized cost are
                                                perolehan diamortisasi selanjutnya diukur                      subsequently measured using the 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 yang diukur pada biaya                      The Group’s financial assets at amortized cost
                                                perolehan diamortisasi termasuk kas dan setara                 include cash and cash equivalents, restricted
                                                kas, kas dan setara kas yang dibatasi                          cash and cash equivalents, short-term
                                                penggunaannya, investasi jangka pendek,                        investment, trade receivables, other receivables,
                                                piutang usaha, piutang lain-lain, dan aset                     and contract assets.
                                                kontrak.




                                                                                                    23

492
Page 493
                                                                                   The original consolidated financial statements




                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                        (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL       ACCOUNTING                       POLICY
     (lanjutan)                                                       INFORMATION (continued)

     g.   Aset dan liabilitas keuangan (lanjutan)                     g.   Financial assets and liabilities (continued)

          Aset keuangan (lanjutan)                                         Financial assets (continued)




                                                                                                                                    Operational Excellence For Reliable Aviation Services
          Penghentian pengakuan                                            Derecognition

          Aset keuangan (atau mana yang lebih tepat,                       A financial asset (or where applicable, a part of
          bagian dari aset keuangan atau bagian dari                       a financial asset or part of a group of similar
          kelompok aset keuangan serupa) dihentikan                        financial assets) is derecognised when: (1) the
          pengakuannya pada saat: (1) hak kontraktual                      contractual rights to receive cash flows from the
          untuk menerima arus kas yang berasal dari aset                   aset have expired; or (2) the Group has
          tersebut telah berakhir; atau (2) Grup telah                     transferred its contractual rights to receive the
          mengalihkan hak kontraktual mereka untuk                         cash flows of the financial assets or retained the
          menerima arus kas yang berasal dari aset                         contractual rights to receive the cash flows of the
          keuangan atau memiliki hak kontraktual untuk                     financial asset, but assumes a contractual
          menerima arus kas yang berasal dari aset                         obligation to pay the cash flows to one or more
          keuangan, tetapi berkewajiban untuk membayar                     recipients (pass-through transfer).
          arus kas ke satu atau lebih penerima (pass-
          through transfer).

          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 atas                    guarantee contracts. ECLs are determined
          perbedaan antara arus kas kontraktual menurut                    based on the difference between the contractual
          kontrak dan semua arus kas yang diharapkan                       cash flows due in accordance with the contract
          akan diterima oleh Grup, yang didiskontokan                      and all the cash flows that the Group expects to
          dengan perkiraan SBE orisinal. Arus kas yang                     receive, discounted at an approximation of the
          diharapkan mencakup setiap arus kas dari                         original EIR. The expected cash flows include
          penjualan agunan yang dimiliki atau perbaikan                    any cash flows from the sale of collateral held or
          kredit lainnya yang merupakan bagian yang tidak                  other credit enhancements that are integral to
          terpisahkan dalam ketentuan kontrak.                             the contractual terms.

          KKE diakui dalam dua tahap. Bila belum terdapat                  ECLs are recognized in two stages. When there
          peningkatan risiko kredit signifikan sejak                       have been no significant increases in credit risks
          pengakuan awal, KKE diakui untuk kerugian                        since initial recognition, ECLs are provided for
          kredit yang dihasilkan dari peristiwa gagal bayar                credit losses that result from default events that
          yang mungkin terjadi dalam jangka waktu 12                       are possible within the next 12 months (a 12-
          bulan ke depan (KKE 12 bulan). Namun, bila                       month ECL). But, when there have been
          telah terdapat peningkatan signifikan risiko kredit              significant increases in credit risks since initial
          sejak pengakuan awal, penyisihan kerugian                        recognition, a loss allowance is recognized for
          diakui untuk kerugian kredit yang diperkirakan                   credit losses expected over the remaining life of
          selama       sisa     umur        aset,      tanpa               the asset, irrespective of timing of the default (a
          mempertimbangkan waktu gagal bayar (KKE                          lifetime ECL).
          sepanjang umurnya).




                                                                24

                                                                                                                                    493
Page 494
                                                                                                                        The original consolidated financial statements
                                                                                                                         included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                       POLICY
                                           (lanjutan)                                                      INFORMATION (continued)

                                           g.   Aset dan liabilitas keuangan (lanjutan)                    g.   Financial assets and liabilities (continued)

                                                Aset keuangan (lanjutan)                                        Financial assets (continued)

                                                Penurunan nilai                                                 Impairment

                                                Karena piutang usaha dan piutang lain-lain tidak                Because its trade and other receivables do not
                                                memiliki komponen pembiayaan signifikan, Grup                   contain significant financing component, the
                                                menerapkan pendekatan yang disederhanakan                       Group applies a simplified approach in
                                                dalam perhitungan KKE. Oleh karena itu, Grup                    calculating ECL. Therefore, the Group does not
                                                tidak menelurusi perubahan dalam risiko kredit,                 track changes in credit risk but instead
                                                namun justru mengakui penyisihan kerugian                       recognizes a loss allowance based on lifetime
                                                berdasarkan KKE sepanjang umurnya pada                          ECL at each reporting date. The Group
                                                setiap tanggal pelaporan. Grup membentuk                        established a provision matrix that is based on
                                                matriks provisi berdasarkan pengalaman                          its historical credit loss experience, adjusted for
                                                kerugian kredit masa lampau, disesuaikan                        forward-looking factors specific to the debtors
                                                dengan perkiraan masa depan (forward-looking)                   and the economic environment.
                                                atas faktor yang spesifik untuk debitur dan
                                                lingkungan ekonomi.
Laporan Keuangan - Financial Report




                                                Liabilitas keuangan                                             Financial liabilities

                                                Pengakuan dan pengukuran awal                                   Initial recognition and measurement

                                                Liabilitas keuangan diklasifikasikan, pada                      Financial liabilities are classified, at initial
                                                pengakuan awal, sebagai liabilitas keuangan                     recognition, as financial liabilities at FVTPL,
                                                yang diukur pada NWLR, utang dan pinjaman                       loans and borrowings, as appropriate.
                                                sesuai dengan kondisinya.

                                                Semua liabilitas keuangan diakui pada nilai wajar               All financial liabilities are recognized initially at
                                                saat pengakuan awal dan, dalam hal liabilitas                   fair value and, in the case financial liabilities
                                                keuangan diklasifikasi sebagai utang dan                        classified as loans and borrowings, recognised
                                                pinjaman, diakui pada nilai wajar setelah                       at fair value net of directly attributable
                                                dikurangi    biaya    transaksi   yang     dapat                transaction costs.
                                                diatribusikan secara langsung.

                                                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, akrual, pinjaman, dan                   other payables, accruals, borrowings, and lease
                                                liabilitas     sewa.     Liabilitas      keuangan               liabilities. Financial liabilities are classified as
                                                diklasifikasikan sebagai liabilitas jangka panjang              non-current liabilities when the remaining
                                                jika jatuh tempo melebihi 12 bulan dan sebagai                  maturity is more than 12 months, and as current
                                                liabilitas jangka pendek jika jatuh tempo yang                  liabilities when the remaining maturity is less
                                                tersisa kurang dari 12 bulan.                                   than 12 months.


                                                Semua liabilitas keuangan diakui pada awalnya                   All financial liabilities are recognised initially at
                                                sebesar nilai wajar.                                            fair value.




                                                                                                     25

494
Page 495
                                                                                   The original consolidated financial statements




                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                        POLICY
     (lanjutan)                                                      INFORMATION (continued)

     g.   Aset dan liabilitas keuangan (lanjutan)                    g.   Financial assets and liabilities (continued)

          Liabilitas keuangan (lanjutan)                                  Financial liabilities (continued)




                                                                                                                                    Operational Excellence For Reliable Aviation Services
          Pengukuran selanjutnya                                          Subsequent measurement

          Liabilitas keuangan pada biaya perolehan                        Financial liabilities at amortized cost (loans
          diamortisasi (utang dan pinjaman)                               and borrowings

          Utang dan pinjaman jangka panjang yang                          Long-term interest-bearing loans and borrowings
          dikenakan bunga

          Setelah pengakuan awal, utang dan pinjaman                      Subsequent to initial recognition, long-term
          jangka panjang yang berbunga diukur pada                        interest-bearing loans and borrowings are
          biaya perolehan yang diamortisasi dengan                        measured at amortized acquisition costs using
          menggunakan metode SBE. Pada tanggal                            EIR method. At the reporting dates, accrued
          pelaporan, bunga akrual dicatat secara terpisah,                interest is recorded separately from the
          dari pokok pinjaman terkait, sebagai bagian                     associated borrowings within the current
          liabilitas jangka pendek. Keuntungan dan                        liabilities section. Gains and losses are
          kerugian diakui pada laba rugi ketika liabilitas                recognized in the profit or loss when the liabilities
          dihentikan pengakuannya maupun melalui                          are derecognized as well as through the EIR
          proses amortisasi menggunakan metode SBE.                       amortization process.

          Biaya      amortisasi     dihitung      dengan                  Amortized cost is calculated by taking into
          mempertimbangkan setiap diskonto atau                           account any discount or premium on acquisition
          premium atas akusisi dan komisi atau biaya yang                 and fees or costs that are an integral part of the
          merupakan bagian tidak terpisahkan dari SBE.                    EIR. The EIR amortization is included in finance
          Amortisasi SBE dicatat sebagai beban keuangan                   costs in the profit or loss.
          pada laba rugi.

          Utang dan akrual                                                Payables and accruals

          Liabilitas untuk utang usaha dan utang lain-lain                Liabilities for current trade and other accounts
          jangka pendek, pinjaman jangka pendek,                          payable,      short-term    borrowing,   contract
          liabilitas kontrak, beban akrual dan liabilitas                 liabilities, accrued expenses and short-term
          imbalan kerja jangka pendek dinyatakan sebesar                  employee benefits liabilities are stated at
          jumlah tercatat (jumlah nosional), yang kurang                  carrying amounts (notional amounts), which
          lebih sebesar nilai wajarnya.                                   approximate their fair values.

          Penghentian pengakuan                                           Derecognition

          Liabilitas keuangan dihentikan pengakuannya                     A financial liability is derecognised when the
          pada saat liabilitas tersebut berakhir atau                     obligation under the liability is discharged or
          dibatalkan atau kedaluwarsa. Dalam hal suatu                    cancelled or has expired. When an existing
          liabilitas keuangan yang ada digantikan oleh                    financial liability is replaced by another from the
          liabilitas keuangan lain dari pemberi pinjaman                  same lender with substantially different terms, or
          yang sama dengan persyaratan yang berbeda                       the terms of an existing liability are substantially
          secara substansial, atau modifikasi secara                      modified, such an exchange or modification is
          substansial atas persyaratan dari suatu liabilitas              treated as a derecognition of the original liability
          yang ada, pertukaran atau modifikasi tersebut                   and the recognition of a new liability, with the
          diperlakukan sebagai penghentian pengakuan                      difference in the respective carrying amounts
          liabilitas awal dan pengakuan liabilitas baru, dan              being recognised in the consolidated profit or
          selisih antara nilai tercatat masing-masing                     loss.
          liabilitas diakui dalam laba rugi konsolidasian.




                                                               26

                                                                                                                                    495
Page 496
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL       ACCOUNTING                        POLICY
                                           (lanjutan)                                                    INFORMATION (continued)

                                           g.   Aset dan liabilitas keuangan (lanjutan)                  g.   Financial assets and liabilities (continued)

                                                Instrumen keuangan saling hapus                               Offsetting 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, dan               consolidated statement of financial position if,
                                                hanya jika, terdapat hak secara hukum untuk                   and only if, there is a currently enforceable legal
                                                melakukan saling hapus atas jumlah tercatat                   right to offset the recognized amounts and there
                                                dari aset keuangan dan liabilitas keuangan                    is an intention to settle on a net basis, or to
                                                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.

                                           h.   Penurunan nilai aset non keuangan                        h.   Impairment of non - financial assets

                                                Pada setiap akhir periode pelaporan, Grup                     At the end of each reporting period, the Group
                                                menelaah nilai tercatat aset non-keuangan untuk               reviews the carrying amounts of non-financial
Laporan Keuangan - Financial Report




                                                menentukan apakah terdapat indikasi bahwa                     assets to determine whether there is any
                                                aset tersebut telah mengalami penurunan nilai.                indication that the assets have suffered an
                                                Kerugian akibat penurunan nilai diakui sebesar                impairment loss. An impairment loss is
                                                selisih antara nilai tercatat aset dengan nilai               recognised at the amount by which the carrying
                                                yang dapat diperoleh kembali dari aset tersebut.              amount of the asset exceeds its recoverable
                                                                                                              amount.

                                                Nilai yang dapat diperoleh kembali adalah nilai               A recoverable amount is the higher of its fair
                                                yang lebih tinggi antara nilai wajar dikurangi                value, less cost to sell and its value in use of the
                                                biaya untuk menjual dan nilai pakai aset. Dalam               assets. For the purpose of assessing
                                                rangka mengukur penurunan nilai, aset                         impairment, assets are grouped at the lowest
                                                dikelompokkan hingga unit terkecil yang                       levels for which they are separately identifiable
                                                menghasilkan arus kas terpisah.                               cash flows.

                                                Setiap tanggal pelaporan, aset non-keuangan                   At each reporting date, non-financial assets that
                                                yang telah mengalami penurunan nilai ditelaah                 suffered impairment are reviewed for possible
                                                untuk     menentukan      apakah       terdapat               reversal of the impairment. Reversal of
                                                kemungkinan pemulihan penurunan nilai.                        impairment losses will be immediately
                                                Pembalikan rugi penurunan nilai tersebut diakui               recognised in profit or loss.
                                                langsung dalam laba rugi.

                                           i.   Kas dan setara kas                                       i.   Cash and cash equivalents

                                                Kas dan setara kas mencakup kas, simpanan                     Cash and cash equivalents include cash in hand,
                                                yang sewaktu-waktu bisa dicairkan dan investasi               deposits held at call with banks, other short-term
                                                likuid jangka pendek lainnya dengan yang jatuh                highly liquid investments with original maturities
                                                tempo dalam waktu tiga bulan atau kurang.                     of three months.

                                                Kas dan setara kas yang telah ditentukan                      Cash and cash equivalents which have been
                                                penggunaannya atau yang tidak dapat                           restricted for certain purposes, or which cannot
                                                digunakan secara bebas digolongkan dalam kas                  be used freely are classified as restricted cash
                                                dan setara kas dibatasi penggunaannya.                        and cash equivalents.




                                                                                                   27

496
Page 497
                                                                                    The original consolidated financial statements




                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                     included herein are in Indonesian language.

                               PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                         (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     j.   Piutang usaha dan piutang lain-lain                          j.   Trade and other receivables

          Piutang usaha merupakan jumlah yang terutang                      Trade receivables are amounts due from
          dari pelanggan atas penjualan barang dagangan                     customers for merchandise sold or services




                                                                                                                                     Operational Excellence For Reliable Aviation Services
          atau jasa dalam kegiatan usaha normal. Jika                       performed in the ordinary course of business. If
          piutang diperkirakan dapat ditagih dalam waktu                    collection is expected in one year or, they are
          satu tahun atau kurang, piutang diklasifikasikan                  classified as current assets. If not, they are
          sebagai aset lancar. Jika tidak, piutang disajikan                presented as non-current assets.
          sebagai aset tidak lancar.

          Piutang lain-lain merupakan piutang yang                          Other receivables are receivables arising from
          berasal dari transaksi yang dilakukan di luar                     transactions outside the ordinary course of
          kegiatan usaha biasa. Piutang lain-lain dari pihak                business. Other receivables from related parties
          berelasi disajikan sebagai aset tidak lancar,                     are presented as non-current assets, unless they
          kecuali jika dapat dibuktikan sebagai aset lancar.                can be substantiated as current assets.

          Kolektibilitas piutang usaha dan piutang lain-lain                The collectability of trade receivables and other
          ditinjau secara berkala. Penyisihan piutang                       receivables is periodically reviewed. Allowance
          ragu-ragu diukur berdasarkan kerugian kredit                      for doubtful accounts is measured based on
          ekspektasian dengan melakukan reviu atas                          expected credit loss by reviewing the
          kolektibilitas saldo secara individual atau kolektif              collectability of individual or collective balances
          sepanjang umur piutang usaha dengan                               throughout the life of the trade receivables using
          pendekatan forward-looking yang dilakukan                         the forward-looking approach at the end of each
          setiap akhir periode pelaporan. Piutang yang                      reporting period. Receivables, which are known
          diketahui tidak tertagih, dihapuskan secara                       to be uncollectible, are written off immediately by
          langsung dengan mengurangi nilai tercatatnya.                     reducing the carrying value.

     k.   Persediaan                                                   k.   Inventories

          Persediaan dinyatakan sebesar nilai yang lebih                    Inventories are stated or net realisable value,
          rendah antara harga perolehan atau nilai                          whichever is lower and less a provision for
          realisasi neto, dikurangi dengan provisi                          obsolete and slowmoving items. Cost is
          persediaan usang dan bergerak lambat. Biaya                       determined by using the weighted average for
          ditentukan dengan metode rata-rata tertimbang                     expendable and repairable spare parts and
          untuk suku cadang expendable dan repairable                       specific identification method for rotable spare
          dan identifikasi spesifik untuk suku cadang                       parts. Net realisable value represents the
          rotable. Nilai realisasi neto merupakan taksiran                  estimated selling price for inventories less costs
          harga jual persediaan dikurangi biaya yang                        necessary to make the sale.
          diperlukan untuk menjual.

          Provisi persediaan usang dan bergerak lambat                      A provision for obsolete and slow-moving items
          ditentukan berdasarkan estimasi penggunaan                        is determined on the basis of estimated future
          atau dengan mempertimbangkan umur masing-                         usage or ageing of each inventory item.
          masing item persediaan.

          Provisi dihapuskan pada saat persediaan telah                     Provisions are written-off when inventories are
          terjual atau secara fisik dihapuskan.                             sold or physically disposed.




                                                                 28

                                                                                                                                     497
Page 498
                                                                                                                        The original consolidated financial statements
                                                                                                                         included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.   MATERIAL ACCOUNTING POLICY INFORMATION
                                           (lanjutan)                                                     (continued)

                                           l.   Aset tetap                                                l.   Fixed assets

                                                Grup menganalisis fakta dan keadaan untuk                      The Group analyses the facts and circumstances
                                                masing-masing jenis hak atas tanah dalam                       for each type of land rights in determining the
                                                menentukan akuntansi untuk hak atas tanah                      accounting for each of these land rights so that it
                                                tersebut sehingga dapat merepresentasikan                      can accurately represent an underlying
                                                dengan tepat kejadian atau transaksi ekonomi                   economic event or transaction. If the land rights
                                                yang mendasarinya. Jika hak atas tanah                         do not transfer control of the underlying assets to
                                                tersebut tidak mengalihkan pengendalian atas                   the Group, but give the rights to use the
                                                aset pendasar kepada Grup, melainkan                           underlying assets, the Group applies the
                                                mengalihkan hak untuk menggunakan aset                         accounting treatment of these transactions as
                                                pendasar,     Grup   menerapkan      perlakuan                 leases under PSAK 116: Leases. If land rights
                                                akuntansi atas transaksi tersebut sebagai sewa                 are substantially similar to land purchases, the
                                                berdasarkan PSAK 116: Sewa. Jika hak atas                      Group applies PSAK 216: Fixed Assets.
                                                tanah secara substansi menyerupai pembelian
                                                tanah, maka Grup menerapkan PSAK 216: Aset
                                                Tetap.

                                                Bangunan dan prasarana yang dimiliki untuk                     Buildings and improvements held for use in the
                                                digunakan dalam penyediaan barang dan jasa,                    supply of goods and services or for
Laporan Keuangan - Financial Report




                                                atau untuk tujuan administratif disajikan sebesar              administrative purposes are shown at fair value,
                                                nilai wajar, berdasarkan penilaian yang                        based on valuations performed by external
                                                dilakukan oleh penilai independen eksternal                    independent valuers which are registered with
                                                yang telah terdaftar di OJK, dikurangi                         OJK, less subsequent depreciation. Valuations
                                                penyusutan. Penilaian atas aset tersebut                       are performed with sufficient regularity to ensure
                                                dilakukan secara berkala untuk memastikan                      that the fair value of a revalued asset does not
                                                bahwa nilai wajar aset yang direvaluasi tidak                  differ materially from its carrying amount. Any
                                                berbeda secara material dengan jumlah                          accumulated depreciation at the date of
                                                tercatatnya. Akumulasi penyusutan pada                         revaluation is eliminated against the gross
                                                tanggal revaluasi dieliminasi terhadap nilai                   carrying amount of the asset, and the net amount
                                                tercatat bruto aset dan nilai netonya disajikan                is restated to the revalued amount of the asset.
                                                kembali sebesar jumlah revaluasi aset. Aset                    All other fixed assets are stated at historical cost
                                                tetap lainnya dan peralatan disajikan sebesar                  less depreciation. Historical cost includes
                                                harga perolehan dikurangi dengan penyusutan.                   expenditure that is directly attributable to the
                                                Harga perolehan termasuk pengeluaran yang                      acquisition of the items.
                                                dapat diatribusikan secara langsung atas
                                                perolehan aset tersebut.

                                                Biaya-biaya setelah pengakuan awal diakui                      Subsequent costs are included in the asset’s
                                                sebagai bagian nilai tercatat aset atau sebagai                carrying amount or recognised as a separate
                                                aset yang terpisah, sebagaimana mestinya,                      asset, as appropriate, only when it is probable
                                                hanya jika kemungkinan besar Grup mendapat                     that future economic benefits associated with the
                                                manfaat ekonomis di masa depan berkenaan                       item will flow to the Group and the cost of the
                                                dengan aset tersebut dan biaya perolehan aset                  item can be measured reliably. The carrying
                                                dapat diukur dengan andal. Nilai tercatat dari                 amount of the replaced part is derecognised. All
                                                komponen yang diganti dihapuskan. Biaya                        other repairs and maintenance are charged to
                                                perbaikan dan pemeliharaan dibebankan pada                     the consolidated statement of profit or loss
                                                laporan laba rugi konsolidasian dalam periode                  during the financial period in which they are
                                                keuangan ketika biaya-biaya tersebut terjadi.                  incurred.




                                                                                                    29

498
Page 499
                                                                                  The original consolidated financial statements




                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                   included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                       POLICY
     (lanjutan)                                                      INFORMATION (continued)

     l.   Aset tetap (lanjutan)                                      l.   Fixed assets (continued)

          Kenaikan nilai tercatat yang timbul dari revaluasi              Increases in the carrying amount arising on
          bangunan dan prasarana dikreditkan sebagai                      revaluation of building and improvements are




                                                                                                                                   Operational Excellence For Reliable Aviation Services
          bagian dari penghasilan komprehensif lainnya.                   credited as part of other comprehensive income.
          Penurunan yang menghapus nilai kenaikan yang                    Decreases that offset previous increases of the
          sebelumnya atas aset yang sama dibebankan                       same asset are debited as part of other
          sebagai bagian dari penghasilan komprehensif                    comprehensive income; all other decreases are
          lain; penurunan lainnya dibebankan pada                         charged in the consolidated statement of profit or
          laporan laba rugi konsolidasian. Setiap periode                 loss. At each reporting period, the difference
          pelaporan,      selisih    antara    penyusutan                 between depreciation based on the revalued
          berdasarkan nilai revaluasi aset yang diakui di                 carrying amount of the asset charged to the
          dalam laporan laba rugi konsolidasian dan                       consolidated statement of profit or loss and
          penyusutan berdasarkan harga perolehan awal                     depreciation based on the asset’s original cost is
          aset ditransfer dari “cadangan revaluasi aset” ke               transferred from “asset revaluation reserve” to
          dalam “saldo laba”.                                             “retained earnings”.

          Penyusutan aset tetap dihitung dengan                           Depreciation on fixed assets is calculated using
          menggunakan metode garis lurus untuk                            the straight-line method to allocate their cost or
          mengalokasikan harga perolehan atau jumlah                      revalued amounts to their residual values over
          revaluasi sampai dengan nilai sisanya selama                    their estimated useful lives, as follows:
          masa manfaat yang diestimasi, sebagai berikut:

                                                                      Persentase
                                                                     penyusutan/
                                                                     Percentage of
                                                Tahun/Years           depeciation

          Bangunan dan prasarana                     15 -50           2% - 6,67%              Building and improvements
          Suku cadang rotable                         4 - 20           5% - 25%                       Rotable spare parts
          Peralatan dan perlengkapan bengkel          5 - 15          6,67% - 20%      Warehouse tools and equipments
          Peralatan kantor dan komputer               2 - 15          6,67% - 50%      Office equipments and computers
          Perbaikan aset sewa                         2-3            33,33% - 50%               Leasehold improvements

          Nilai sisa aset, masa manfaat dan metode                        The asset’s residual values, useful lives and
          penyusutan ditelaah dan jika perlu disesuaikan,                 depreciation method are reviewed and adjusted
          pada setiap akhir periode pelaporan.                            if appropriate, at the end of each reporting
                                                                          period.

          Nilai tercatat aset segera diturunkan sebesar                   An asset’s carrying amount is written down
          jumlah yang dapat dipulihkan jika nilai tercatat                immediately to its recoverable amount if the
          aset lebih besar dari estimasi jumlah yang dapat                asset’s carrying amount is greater than its
          dipulihkan.                                                     estimated recoverable amount.

          Keuntungan atau kerugian neto atas pelepasan                    Net gains or losses on disposals are determined
          aset tetap ditentukan dengan membandingkan                      by comparing the proceeds with the carrying
          hasil yang diterima dengan nilai tercatat dan                   amount and are recognised within “Other
          diakui pada “Beban/(penghasilan) lain-lain, neto”               expense/(income), net” in the consolidated
          dalam laporan laba rugi konsolidasian.                          statement of profit or loss.




                                                               30

                                                                                                                                   499
Page 500
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.   MATERIAL        ACCOUNTING                      POLICY
                                           (lanjutan)                                                     INFORMATION (continued)

                                           l.   Aset tetap (lanjutan)                                     l.   Fixed assets (continued)

                                                Jika aset yang direvaluasi dihapus, jumlah yang                When revalued assets are disposed, the
                                                dicatat di dalam ekuitas dipindahkan ke saldo                  amounts included in equity are transferred to
                                                laba.                                                          retained earnings.

                                                Akumulasi biaya konstruksi bangunan dan                        The accumulated costs of the construction of
                                                pemasangan mesin dikapitalisasi sebagai aset                   buildings and the installation of machinery are
                                                dalam       penyelesaian.   Biaya      tersebut                capitalised as construction in progress. These
                                                direklasifikasi ke akun aset tetap pada saat                   costs are reclassified to fixed assets when the
                                                proses konstruksi atau pemasangan selesai.                     construction or installation is complete.
                                                Penyusutan dimulai pada saat aset tersebut siap                Depreciation is charged from the date the assets
                                                untuk digunakan sesuai dengan tujuan yang                      are ready for use in the manner intended by
                                                diinginkan manajemen.                                          management.

                                           m. Penurunan nilai aset keuangan                               m. Impairment of financial asset

                                                Grup menilai dengan dasar perkiraan masa                       The Group assesses, on a forward-looking
                                                yang akan datang, kerugian kredit ekspektasian                 basis, the expected credit losses associated with
                                                terkait dengan aset keuangan yang dicatat pada                 its financial assets measured subsequently at
Laporan Keuangan - Financial Report




                                                biaya perolehan diamortisasi.                                  amortised cost.

                                                Untuk piutang, Grup menerapkan pendekatan                      For receivables, the Group applies the simplified
                                                disederhanakan yang diizinkan oleh PSAK 109:                   approach permitted by PSAK 109: Financial
                                                Instrumen Keuangan, yang mensyaratkan                          Instruments, which requires expected lifetime
                                                kerugian kredit seumur hidup yang diharapkan                   credit losses to be recognised from initial
                                                harus diakui dari pengakuan awal piutang.                      recognition of the receivables. The expected
                                                Tingkat kerugian kredit ekspektasian didasarkan                credit loss rates are based on the historical
                                                pada profil pembayaran historis pelanggan                      payment profile of customers to estimate the
                                                untuk memperkirakan kemungkinan gagal bayar                    probability of default and the corresponding
                                                dan kerugian kredit historis terkait yang dialami              historical credit losses experienced within the
                                                dalam     periode   yang      telah    ditentukan              pre-determined period. The historical credit loss
                                                sebelumnya. Tingkat kerugian kredit historis                   rates are adjusted to reflect current and forward-
                                                disesuaikan untuk mencerminkan informasi                       looking information on macroeconomic factors
                                                terkini dan informasi masa depan mengenai                      affecting the ability of the customers to settle the
                                                faktor-faktor       makroekonomi             yang              receivables. Trade receivables are written off
                                                mempengaruhi kemampuan pelanggan untuk                         when there is no reasonable expectation to
                                                melunasi piutang. Piutang usaha dihapuskan                     recover the receivables.
                                                jika tidak ada harapan yang wajar untuk
                                                memulihkan piutang.

                                           n.   Utang usaha                                               n.   Trade payables

                                                Utang usaha adalah kewajiban membayar                          Trade payables are obligations to pay for goods
                                                barang atau jasa yang telah diterima dalam                     or services that have been acquired in the
                                                kegiatan usaha biasa dari pemasok. Utang                       ordinary course of business from suppliers.
                                                usaha diklasifikasikan sebagai liabilitas jangka               Trade payables are classified as current
                                                pendek jika pembayarannya jatuh tempo dalam                    liabilities if payment is due within one year or
                                                waktu satu tahun atau kurang. Jika tidak, utang                less. If not, they are presented as non-current
                                                tersebut disajikan sebagai liabilitas jangka                   liabilities.
                                                panjang.




                                                                                                    31

500
Page 501
                                                                                       The original consolidated financial statements




                                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                        included herein are in Indonesian language.

                               PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                           (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL        ACCOUNTING                       POLICY
     (lanjutan)                                                          INFORMATION (continued)

     n.   Utang usaha (lanjutan)                                         n.   Trade payables (continued)

          Utang usaha pada awalnya diakui sebesar nilai                       Trade payables are recognised initially at fair
          wajar dan selanjutnya diukur pada biaya                             value and subsequently measured at amortised




                                                                                                                                        Operational Excellence For Reliable Aviation Services
          perolehan diamortisasi dengan menggunakan                           cost using the effective interest method.
          metode suku bunga efektif.

     o.   Pinjaman                                                       o.   Borrowings

          Pada saat pengakuan awal, pinjaman diakui                           Borrowings are recognised initially at fair value,
          sebesar nilai wajar, dikurangi dengan biaya-                        net of transaction costs incurred. Borrowings are
          biaya transaksi yang terjadi. Selanjutnya,                          subsequently carried at amortised cost; any
          pinjaman diukur sebesar biaya perolehan                             difference between the proceeds (net of
          diamortisasi;   selisih   antara    penerimaan                      transaction costs) and the redemption value is
          (dikurangi biaya transaksi) dan nilai pelunasan                     recognised in the consolidated statement of
          dicatat pada laporan laba rugi konsolidasian                        profit or loss over the period of the borrowings
          selama periode pinjaman dengan menggunakan                          using the effective interest method.
          metode suku bunga efektif.

          Biaya yang dibayar untuk memperoleh fasilitas                       Fees paid on the establishment of loan facilities
          pinjaman diakui sebagai biaya transaksi                             are recognised as transaction costs of the loan
          pinjaman sepanjang besar kemungkinan                                to the extent that it is probable that some or all of
          sebagian atau seluruh fasilitas akan ditarik.                       the facility will be drawn down. In this case, the
          Dalam hal ini, biaya memperoleh pinjaman                            fee is deferred until the drawdown occurs. To the
          ditangguhkan sampai penarikan pinjaman                              extent that there is no evidence of it being
          terjadi. Sepanjang tidak terdapat bukti bahwa                       probable that some or all of the facility will be
          besar kemungkinan sebagian atau seluruh                             drawn down, the fee is capitalised as a pre-
          fasilitas akan ditarik, biaya memperoleh                            payment for liquidity services and amortised
          pinjaman dikapitalisasi sebagai pembayaran                          over the period of the facility to which it relates.
          dimuka untuk jasa likuiditas dan diamortisasi
          selama periode fasilitas yang terkait.

          Pinjaman akan dihentikan pengakuannya dari                          Borrowings are removed from the statement of
          laporan posisi keuangan ketika kewajiban yang                       financial position when the obligation specified in
          tertulis pada kontrak dibatalkan, atau sudah tidak                  the contract is discharged, canceled or has
          berlaku. Selisih antara nilai tercatat dari liabilitas              expired. The difference between the carrying
          keuangan yang sudah berakhir atau dialihkan ke                      amount of the financial liability that has been
          pihak lain, dan imbalan yang dibayarkan,                            extinguished or transferred to another party and
          termasuk aset non kas yang dialihkan atau                           the consideration paid, including any non-cash
          liabilitas yang ditanggung, diakui dalam laporan                    assets transferred or liabilities assumed, is
          laba rugi konsolidasian sebagai pendapatan lain-                    recognised in the consolidated statement of
          lain atau biaya keuangan.                                           profit or loss as other income or finance costs.

          Pinjaman diklasifikasikan sebagai liabilitas                        Borrowings are classified as current liabilities
          jangka pendek ketika Grup tidak memiliki hak                        when Group does not have the right at the end
          pada akhir periode pelaporan untuk menunda                          of the reporting period to defer settlement of the
          penyelesaian kewajiban tersebut selama paling                       liability for at least twelve months after the
          tidak 12 bulan setelah tanggal periode                              reporting period.
          pelaporan.




                                                                   32

                                                                                                                                        501
Page 502
                                                                                                                        The original consolidated financial statements
                                                                                                                         included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                       POLICY
                                           (lanjutan)                                                      INFORMATION (continued)

                                           p.   Provisi dan kontinjensi                                    p.   Provision and contingency

                                                Provisi diakui ketika Grup memiliki kewajiban                   Provision is recognised when the Group has a
                                                hukum atau konstruktif masa kini sebagai akibat                 present legal or constructive obligation as a
                                                peristiwa masa lalu; terdapat kemungkinan                       result of past events; when it is probable that an
                                                besar    penyelesaian        kewajiban    tersebut              outflow of resources will be required to settle the
                                                mengakibatkan arus keluar sumber daya; dan                      obligation; and when the amount has been
                                                jumlah kewajiban tersebut dapat diukur secara                   reliably estimated. Provision is not recognised for
                                                andal. Provisi tidak diakui untuk kerugian operasi              future operating losses.
                                                masa depan.

                                                Ketika terdapat beberapa kewajiban yang                         Where there are a number of similar obligations,
                                                serupa,       kemungkinan        penyelesaian                   the likelihood that an outflow will be required in
                                                mengakibatkan arus keluar ditentukan dengan                     settlement is determined by considering the
                                                mempertimbangkan kelas kewajiban secara                         class of obligations as a whole. A provision is
                                                keseluruhan.     Provisi  diakui    walaupun                    recognised even if the likelihood of an outflow
                                                kemungkinan adanya arus keluar sehubungan                       with respect to any one item included in the same
                                                dengan item manapun yang termasuk dalam                         class of obligations may be small.
                                                kelas kewajiban yang sama mungkin kecil.
Laporan Keuangan - Financial Report




                                                Provisi diukur sebesar nilai kini dari estimasi                 Provisions are measured at the present value of
                                                terbaik manajemen atas pengeluaran yang                         management’s best estimate of the expenditure
                                                diharapkan diperlukan untuk menyelesaikan                       required to settle the present obligation at the
                                                kewajiban kini pada akhir periode pelaporan.                    end of the reporting period. The discount rate
                                                Tingkat diskonto yang digunakan untuk                           used to determine the present value is a pretax
                                                menentukan nilai kini adalah tingkat diskonto                   rate that reflects current market assessments of
                                                sebelum pajak yang mencerminkan penilaian                       the time value of money and the risks specific to
                                                pasar atas nilai waktu uang dan risiko yang                     the liability. The increase in the provision due to
                                                terkait dengan kewajiban. Peningkatan provisi                   the passage of time is recognised as interest
                                                karena berjalannya waktu diakui sebagai beban                   expense.
                                                bunga.

                                                Liabilitas kontinjensi tidak diakui pada laporan                Contingent liabilities are not recognised in the
                                                keuangan konsolidasian. Liabilitas kontinjensi                  consolidated financial statements. They are
                                                diungkapkan di catatan atas laporan keuangan                    disclosed in the notes to consolidated financial
                                                konsolidasian kecuali kemungkinan keluarnya                     statements unless the possibility of an outflow of
                                                sumber daya yang mewujudkan manfaat                             resources embodying economic benefits is
                                                ekonomi sangat kecil. Aset kontinjensi tidak                    remote. Contingent assets are not recognised in
                                                diakui di dalam laporan keuangan konsolidasian,                 the consolidated financial statements but are
                                                namun diungkapkan di dalam catatan atas                         disclosed in the notes to the consolidated
                                                laporan keuangan konsolidasian jika terdapat                    financial statements when an inflow of economic
                                                kemungkinan suatu arus masuk manfaat                            benefits is probable.
                                                ekonomis mengalir ke dalam entitas.

                                            q. Sewa                                                        q.   Leases

                                                Pada tanggal awal dimulainya suatu kontrak,                     On the initial date of a contract, the Group
                                                Grup menilai apakah kontrak merupakan atau                      assesses whether the contract is or contains a
                                                mengandung sewa. Suatu kontrak mengandung                       lease. A contract contains a lease if the contract
                                                sewa apabila kontrak tersebut memberikan hak                    transfers the right to control the use of an
                                                untuk     mengendalikan    penggunaan     aset                  identified asset for a period of time to be
                                                identifikasian selama suatu jangka waktu untuk                  exchanged for compensation.
                                                dipertukarkan dengan imbalan.




                                                                                                     33

502
Page 503
                                                                                   The original consolidated financial statements




                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                        POLICY
     (lanjutan)                                                      INFORMATION (continued)

     q.   Sewa (lanjutan)                                            q.   Leases (continued)

          Aset yang diperoleh melalui sewa diakui sebagai                 Assets obtained through lease are recognised as
          aset hak-guna dan liabilitas sewa. Pada tanggal                 right of use of asset and lease liabilities. On the




                                                                                                                                    Operational Excellence For Reliable Aviation Services
          permulaan, lessee mengukur aset hak guna                        initial date, lessee measures right-of-use of asset
          pada biaya perolehan yang meliputi jumlah                       at cost which include the initial measurement of
          pengukuran awal liabilitas sewa, pembayaran                     lease liabilities, lease payments made on or
          sewa yang dilakukan pada atau sebelum tanggal                   before the commencement dates less the
          permulaan dikurangi dengan insentif yang                        incentives received, the initial direct costs
          diterima, biaya langsung awal yang dikeluarkan                  incurred by the lessee, and estimated cost to be
          oleh lessee, dan estimasi biaya yang akan                       incurred by the lessee in dismantling and moving
          dikeluarkan oleh lessee dalam membongkar dan                    the underlying assets and restoration costs.
          memindahkan aset pendasar serta biaya
          restorasi.

          Aset    hak-guna     kemudian     disusutkan                    The right-of-use asset is subsequently
          menggunakan metode garis lurus dari tanggal                     depreciated using the straight-line method from
          permulaan hingga tanggal yang lebih awal                        the commencement date to the earlier of the end
          antara akhir umur manfaat aset hak guna atau                    of the useful life of the right of use asset or the
          akhir masa sewa.                                                end of the lease term.

          Liabilitas sewa diukur pada nilai kini pembayaran               The lease liability is initially measured at the
          sewa yang belum dibayar pada tanggal                            present value of the lease payments that are not
          permulaan,          didiskontokan          dengan               paid at the commencement date, discounted
          menggunakan suku bunga implisit dalam sewa                      using the interest rate implicit in the lease or, if
          atau jika suku bunga tersebut tidak dapat                       that rate cannot be readily determined, using
          ditentukan, maka menggunakan suku bunga                         incremental borrowing rate. Generally, the
          pinjaman inkremental. Pada umumnya, Grup                        Group uses its incremental borrowing rate as the
          menggunakan suku bunga pinjaman inkremental                     discount rate.
          sebagai tingkat bunga diskonto.

          Untuk menentukan suku bunga pinjaman                            To determine the incremental borrowing rate, the
          tambahan, Grup:                                                 Group:
          (i) Jika       memungkinkan,        menggunakan                  (i) Where possible, uses recent third-party
                pembiayaan pihak ketiga terkini yang                           financing received by the individual lessee
                diterima oleh penyewa individu sebagai titik                   as a starting point, adjusted to reflect
                awal, disesuaikan untuk mencerminkan                           changes in financing conditions since third
                perubahan kondisi pembiayaan sejak                             party financing was received,
                pembiayaan pihak ketiga diterima,
          (ii) Menggunakan pendekatan build-up yang                        (ii) Uses a build-up approach that starts with a
                dimulai dengan suku bunga bebas risiko                          risk-free interest rate adjusted for credit risk
                yang disesuaikan dengan risiko kredit untuk                     for leases held by Group, which does not
                sewa yang dimiliki oleh Grup, yang tidak                        have recent third-party financing, and
                memiliki pembiayaan pihak ketiga baru-baru
                ini, dan
          (iii) Membuat penyesuaian spesifik untuk sewa,                   (iii) Makes adjustments specific to the lease,
                sebagai contoh jangka waktu, negara, mata                        e.g., term, country, currency and security.
                uang dan keamanan.




                                                               34

                                                                                                                                    503
Page 504
                                                                                                                          The original consolidated financial statements
                                                                                                                           included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                          (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL       ACCOUNTING                        POLICY
                                           (lanjutan)                                                       INFORMATION (continued)

                                           q.   Sewa (lanjutan)                                             q.   Leases (continued)

                                                Grup akan menilai modifikasi sewa dicatat                        The Group will assess whether the lease
                                                sebagai sewa terpisah atau tidak. Modifikasi                     modification is accounted for as a separate lease
                                                sewa yang tidak dicatat sebagai sewa terpisah,                   or not. For a lease modification that is not
                                                Grup menilai kembali liabilitas sewa dengan                      accounted as a separate lease, the Group
                                                mendiskontokan        pembayaran         sewa                    remeasured the lease liability by discounting the
                                                menggunakan tingkat diskonto yang direvisi.                      revised lease payments using a revised discount
                                                                                                                 rate.

                                                Pembayaran sewa yang termasuk dalam                              Lease payments included in the measurement of
                                                pengukuran liabilitas sewa meliputi pembayaran                   the lease liability comprise the following:
                                                berikut ini:
                                                 pembayaran tetap (termasuk pembayaran                             fixed payments (including in-substance fixed
                                                   tetap secara substansi), dikurangi piutang                        payments), less any lease incentives
                                                   insentif sewa,                                                    receivable,
                                                 pembayaran sewa variabel yang didasarkan                          variable lease payment that is based on an
                                                   pada indeks atau tingkat, pada awalnya                            index or a rate, initially measured using the
                                                   diukur menggunakan indeks atau tingkat                            index or rate as at the commencement date,
Laporan Keuangan - Financial Report




                                                   pada tanggal mulai,
                                                 jumlah yang diperkirakan akan dibayarkan                          amounts expected to be payable by the
                                                   oleh penyewa berdasarkan jaminan nilai                            lessee under residual value guarantees,
                                                   residu,
                                                 harga pelaksanaan dari opsi pembelian jika                        the exercise price of a purchase option if the
                                                   penyewa cukup yakin untuk menggunakan                             lessee is reasonably certain to exercise that
                                                   opsi tersebut, dan                                                option, and
                                                 pembayaran penalti untuk penghentian                              payments of penalties for terminating the
                                                   sewa, jika masa sewa mencerminkan                                 lease, if the lease term reflects the lessee
                                                   penyewa      yang     melaksanakan     opsi                       exercising that termination option.
                                                   penghentian tersebut.

                                                Grup dihadapkan pada potensi kenaikan di                         The Group is exposed to potential future
                                                masa depan dalam pembayaran sewa variabel                        increases in variable lease payments based on
                                                berdasarkan indeks atau tarif, yang tidak                        an index or rate, which are not included in the
                                                termasuk dalam liabilitas sewa sampai                            lease liability until they take effect. When
                                                diberlakukan. Ketika penyesuaian pembayaran                      adjustments to lease payments based on an
                                                sewa berdasarkan indeks atau suku bunga mulai                    index or rate take effect, the lease liability is
                                                berlaku, liabilitas sewa dinilai kembali dan                     reassessed and adjusted against the right-of-use
                                                disesuaikan dengan aset hak guna.                                asset.

                                                Pembayaran sewa dialokasikan antara pokok                        Lease payments are allocated between principal
                                                dan biaya keuangan. Biaya keuangan                               and finance cost. The finance cost is charged to
                                                dibebankan      pada       laporan     laba    rugi              the consolidated statement of profit or loss over
                                                konsolidasian selama masa sewa sehingga                          the lease period to produce a constant periodic
                                                menghasilkan suku bunga periodik yang konstan                    rate of interest on the remaining balance of the
                                                atas sisa saldo liabilitas untuk setiap periode.                 liability for each period.




                                                                                                      35

504
Page 505
                                                                                   The original consolidated financial statements




                                                                                                                                    PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                    included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                        (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL       ACCOUNTING                       POLICY
     (lanjutan)                                                       INFORMATION (continued)

     q.   Sewa (lanjutan)                                             q.   Leases (continued)

          Liabilitas sewa disajikan sebagai liabilitas jangka              Lease liabilities are presented as long-term
          panjang kecuali untuk bagian yang jatuh tempo                    liabilities except for the parts that are due in 12




                                                                                                                                    Operational Excellence For Reliable Aviation Services
          dalam 12 bulan atau kurang yang disajikan                        months or less that are presented as short-term
          sebagai liabilitas jangka pendek. Grup tidak                     liabilities. The Group does not recognise the
          mengakui aset hak-guna dan liabilitas sewa                       right-of-use asset and lease liabilities for short-
          untuk sewa jangka pendek yang memiliki masa                      term leases that have a lease period of one year
          sewa satu tahun atau kurang dan sewa dengan                      or less and leases with low value assets.
          aset bernilai rendah.

          Pembayaran sewa variabel                                         Variable lease payment

          Beberapa sewa berisi syarat pembayaran                           Some leases contain variable payment terms
          variabel yang dihubungkan ke pemakaian aset                      that are linked to the usage of the assets.
          sewa.     Ketentuan   pembayaran     variabel                    Variable payment terms are used for a variety of
          digunakan untuk berbagai alasan, termasuk                        reasons, including minimising the fixed costs
          meminimalkan dasar biaya tetap untuk sewa                        base for the newly modified lease agreement.
          yang baru dimodifikasi. Pembayaran sewa                          Variable lease payments that depend on the
          variabel yang bergantung pada intensitas                         usage of the underlying assets recognised in the
          pemakaian aset sewa diakui dalam laporan laba                    consolidated statement of profit or loss in the
          rugi konsolidasian pada periode terjadinya                       period in which the condition that triggers those
          kondisi yang memicu pembayaran tersebut.                         payments occurs.

          Opsi ekstensi dan terminasi                                      Extension and termination options

          Opsi ekstensi dan terminasi termasuk dalam                       Extension and termination options are included
          sejumlah sewa properti dan peralatan di seluruh                  in a number of property and equipment leases
          Grup. Istilah-istilah ini digunakan untuk                        across the Group. These terms are used to
          memaksimalkan fleksibilitas operasional dalam                    maximise operational flexibility in terms of
          hal pengelolaan kontrak. Mayoritas opsi ekstensi                 managing contracts. The majority of extension
          dan terminasi yang dimiliki hanya dapat                          and termination options held are exercisable
          dilaksanakan oleh Grup dan bukan oleh pemberi                    only by the Group and not by the respective
          sewa masing-masing.                                              lessor.

     r.   Imbalan kerja                                               r.   Employee benefits

          Imbalan pascakerja                                               Post-employment benefits

          Grup memiliki berbagai program pensiun sesuai                    The Group has various pension schemes in
          dengan       undang-undang   dan    peraturan                    accordance with prevailing labor-related laws
          ketenagakerjaan yang berlaku dan kebijakan                       and regulations and the Group’s policy. The
          Grup. Grup memiliki program imbalan pasti dan                    Group has both defined benefit and defined
          iuran pasti.                                                     contribution plans.




                                                                36

                                                                                                                                    505
Page 506
                                                                                                                      The original consolidated financial statements
                                                                                                                       included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                  2.   MATERIAL       ACCOUNTING                        POLICY
                                           (lanjutan)                                                   INFORMATION (continued)

                                           r.   Imbalan kerja (lanjutan)                                r.   Employee benefits (continued)

                                                Imbalan pascakerja (lanjutan)                                Post-employment benefits (continued)

                                                Program iuran pasti                                          Defined contribution plan

                                                Program pensiun iuran pasti adalah sebuah                    A defined pension contribution plan is a pension
                                                program pensiun dimana Grup akan membayar                    plan under which the Group pays fixed
                                                iuran tetap kepada sebuah entitas yang terpisah              contributions into a separate entity (a pension
                                                (dana pensiun) dan tidak memiliki kewajiban                  fund) and will have no legal or constructive
                                                hukum atau konstruktif untuk membayar                        obligations to pay further contributions if the fund
                                                kontribusi lebih lanjut apabila dana pensiun                 does not hold sufficient assets to pay all
                                                tersebut tidak memiliki aset yang memadai untuk              employees the benefits relating to employee
                                                membayar seluruh imbalan karyawan yang                       service in the current and prior years.
                                                berhubungan dengan pelayanan yang diberikan
                                                oleh karyawan pada tahun kini dan sebelumnya.

                                                Program pensiun imbalan pasti adalah program                 A defined pension benefit plan is a pension plan
                                                pensiun yang menentukan jumlah imbalan                       that defines an amount of pension benefit to be
                                                pensiun yang akan diberikan, biasanya                        provided, usually as a function of one or more
Laporan Keuangan - Financial Report




                                                berdasarkan pada satu faktor atau lebih seperti              factors, such as age, years of service or
                                                usia, masa kerja atau kompensasi.                            compensation.

                                                Kewajiban program pensiun imbalan pasti yang                 The liability recognised in the consolidated
                                                diakui di laporan posisi keuangan konsolidasian              statement of financial position in respect of
                                                adalah nilai kini kewajiban imbalan pasti pada               defined benefit pension plans is the present
                                                tanggal laporan posisi keuangan dikurangi nilai              value of the defined benefit obligation at the
                                                wajar aset program. Kewajiban imbalan pasti                  statement of financial position date, less the fair
                                                dihitung setiap tahun oleh aktuaris independen               value of plan assets. The defined benefit
                                                dengan menggunakan metode projected-unit-                    obligation is calculated annually by independent
                                                credit. Nilai kini kewajiban imbalan pasti                   actuaries using the projected-unit-credit method.
                                                ditentukan dengan mendiskontokan estimasi                    The present value of the defined benefit
                                                arus kas keluar di masa depan dengan                         obligation is determined by discounting the
                                                menggunakan tingkat bunga obligasi pemerintah                estimated future cash outflows using the interest
                                                (dengan pertimbangan saat ini tidak terdapat                 rates of government bonds (considering that
                                                pasar aktif untuk obligasi korporat berkualitas              currently there is no deep market for high-quality
                                                tinggi) dalam mata uang yang sama dengan                     corporate bonds) that are denominated in the
                                                mata uang imbalan yang akan dibayarkan dan                   currency in which the benefit will be paid and that
                                                waktu jatuh temponya kurang lebih sama                       have terms to maturity approximating the terms
                                                dengan kewajiban yang bersangkutan.                          of the related pension liability.

                                                Biaya jasa kini dari program pensiun imbalan                 The current service cost of the defined benefit
                                                pasti diakui pada beban imbalan kerja dalam                  plan is recognised in the consolidated statement
                                                laporan    laba    rugi   konsolidasian   yang               of profit or loss in employee benefit expense,
                                                mencerminkan peningkatan kewajiban imbalan                   which reflects the increase in the defined
                                                pasti yang dihasilkan dari jasa karyawan dalam               obligations resulting from employee service in
                                                tahun berjalan.                                              the current year.

                                                Pengukuran kembali imbalan pascakerja yang                   Remeasurement of post-employment benefits
                                                terdiri dari keuntungan dan kerugian aktuarial               consists of actuarial gains and losses arising
                                                yang timbul dari penyesuaian pengalaman dan                  from experience adjustments and changes in
                                                perubahan dalam asumsi-asumsi aktuarial                      actuarial assumptions are directly recognised in
                                                langsung diakui seluruhnya melalui penghasilan               other comprehensive income and reported in
                                                komprehensif lainnya dan dilaporkan di saldo                 retained earnings.
                                                laba.




                                                                                                  37

506
Page 507
                                                                                  The original consolidated financial statements




                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                   included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                       POLICY
     (lanjutan)                                                      INFORMATION (continued)

     r.   Imbalan kerja (lanjutan)                                   r.   Employee benefits (continued)

          Imbalan pascakerja (lanjutan)                                   Post-employment benefits (continued)




                                                                                                                                   Operational Excellence For Reliable Aviation Services
          Program iuran pasti (lanjutan)                                  Defined contribution plan (continued)

          Keuntungan dan kerugian dari kurtailmen atau                    Gains or losses on the curtailment or settlement
          penyelesaian program manfaat pasti diakui di                    of a defined benefit plan are recognised in the
          laporan laba rugi konsolidasian ketika kurtailmen               consolidated statement of profit or loss when the
          atau penyelesaian tersebut terjadi.                             curtailment or settlement occurs.

          Biaya jasa lalu diakui secara langsung di laporan               Past service costs are recognised immediately in
          laba rugi konsolidasian.                                        the consolidated statement of profit or loss.

          Imbalan kerja jangka panjang lain                               Other long-term benefits

          Perhitungan imbalan kerja jangka panjang                        Long-term benefits are determined using the
          ditentukan dengan menggunakan metode                            projected-unit-credit Method. The long-term
          projected-unit-credit. Imbalan ini dihitung                     employee benefits liabilities are accounted for
          dengan menggunakan metodologi yang sama                         using the same methodology as for the defined
          dengan metodologi yang digunakan dalam                          benefit    pension      plan,      except   for
          perhitungan program pensiun imbalan pasti,                      remeasurements which are recognised in the
          kecuali untuk pengukuran kembali yang diakui                    consolidated statement of profit or loss.
          pada pada laporan laba rugi konsolidasian.

          Pesangon pemutusan kontrak kerja                                Termination benefits

          Grup mengakui beban pesangon ketika terjadi                     The Group recognises termination benefits when
          pemutusan kontrak kerja oleh Grup sebelum                       employment is terminated by the Group before
          tanggal pensiun normal, atau ketika pekerja                     the normal retirement date, or whenever an
          menerima penawaran untuk mengundurkan diri                      employee accepts voluntary redundancy in
          secara sukarela sebagai pertukaran atas                         exchange for these benefits. The Group
          imbalan tersebut. Grup mengakui beban                           recognises termination benefits at the earlier of
          pesangon pada tanggal yang lebih awal                           the following dates: (a) when the Group can no
          diantara: (a) ketika Grup tidak dapat lagi menarik              longer withdraw the offer of those benefits; and
          tawaran atas imbalan tersebut; (b) ketika Grup                  (b) when the Group recognises costs for a
          mengakui biaya untuk restrukturisasi yang                       restructuring that is within the scope of PSAK
          berada dalam ruang lingkup PSAK 237: Provisi,                   237: Provisions, Contingent Liabilities and
          Liabilitas Kontinjensi, dan Aset Kontinjensi dan                Contingent Assets, and which involves the
          melibatkan pembayaran pesangon. Dalam hal                       payment of termination benefits. In the case of
          terjadi penawaran pengunduran diri secara                       an offer being made to encourage voluntary
          sukarela, imbalan diukur berdasarkan jumlah                     redundancy, the termination benefits are
          karyawan yang diharapkan menerima tawaran                       measured based on the number of employees
          tersebut. Imbalan yang jatuh tempo lebih dari 12                expected to accept the offer. Benefits falling due
          bulan setelah periode pelaporan didiskontokan                   more than 12 months after the end of the
          menjadi nilai kininya.                                          reporting period are discounted to their present
                                                                          value.




                                                               38

                                                                                                                                   507
Page 508
                                                                                                                      The original consolidated financial statements
                                                                                                                       included herein are in Indonesian language.

                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.   MATERIAL        ACCOUNTING                       POLICY
                                         (lanjutan)                                                     INFORMATION (continued)

                                        s.   Perpajakan                                                 s.   Taxation

                                             Beban pajak terdiri dari pajak kini dan pajak                   The tax expense comprises current and deferred
                                             tangguhan. Pajak diakui dalam laporan laba rugi                 tax. Tax is recognised in the consolidated
                                             konsolidasian, kecuali jika pajak tersebut terkait              statement of profit or loss, except to the extent
                                             dengan transaksi atau kejadian yang diakui di                   that it relates to items recognised in other
                                             pendapatan komprehensif lain atau langsung                      comprehensive income or directly in equity. In
                                             diakui ke ekuitas. Dalam hal ini, pajak tersebut                this case, the tax is also recognised in other
                                             masing-masing diakui dalam pendapatan                           comprehensive income or directly in equity,
                                             komprehensif lain atau ekuitas.                                 respectively.

                                             Pajak       penghasilan      tangguhan      diakui              Deferred income tax is provided in full, using the
                                             sepenuhnya, dengan menggunakan metode                           liability method, on temporary differences which
                                             liabilitas untuk semua perbedaan temporer yang                  arise from the difference between the tax bases
                                             berasal dari selisih antara dasar pengenaan                     of assets and liabilities and their carrying
                                             pajak aset dan liabilitas dengan nilai tercatatnya              amounts       in   the    consolidated       financial
                                             pada laporan keuangan konsolidasian. Namun,                     statements. However, deferred tax liabilities are
                                             liabilitas pajak penghasilan tangguhan tidak                    not recognised if they arise from the initial
                                             diakui jika berasal dari pengakuan awal goodwill.               recognition of goodwill. Deferred income tax is
                                             Pajak penghasilan tangguhan juga tidak                          also not accounted for if it arises from initial
Laporan Keuangan - Financial Report




                                             diperhitungkan       jika   pajak    penghasilan                recognition of an asset or liability in a transaction
                                             tangguhan tersebut timbul dari pengakuan awal                   other than a business combination that at the
                                             aset atau pengakuan awal liabilitas dalam                       time of the transaction affects neither accounting
                                             transaksi yang bukan kombinasi bisnis yang                      nor taxable profit or loss. Deferred income tax is
                                             pada saat transaksi tidak mempengaruhi                          determined using tax rates based on laws that
                                             laba/rugi akuntansi maupun pajak. Pajak                         have been enacted or substantially enacted by
                                             penghasilan tangguhan ditentukan dengan                         the reporting date and are expected to apply
                                             menggunakan tarif pajak berdasarkan undang-                     when the related deferred tax asset is
                                             undang yang telah diberlakukan atau secara                      recognised or the deferred tax liability is settled.
                                             substansi telah diberlakukan pada akhir periode
                                             laporan dan diharapkan berlaku pada saat aset
                                             pajak tangguhan direalisasikan atau liabilitas
                                             pajak tangguhan diselesaikan.

                                             Aset pajak penghasilan tangguhan diakui hanya                   Deferred tax assets are recognised only to the
                                             jika besar kemungkinan jumlah penghasilan                       extent that it is probable that future taxable profit
                                             kena pajak dimasa depan akan memadai untuk                      will be available against which the temporary
                                             dikompensasi dengan perbedaan temporer yang                     differences can be utilised.
                                             masih dapat dimanfaatkan.

                                        t.   Laba per saham                                             t.   Earnings per share

                                             Laba per saham dasar dihitung dengan                            Basic earnings per share are computed by
                                             membagi laba neto yang dapat diatribusikan                      dividing net earnings attributable to owners of the
                                             kepada pemilik entitas induk dengan jumlah rata-                Group by the weighted average number of
                                             rata tertimbang saham yang beredar pada                         outstanding shares during the period.
                                             periode tersebut.

                                             Laba neto per saham dilusian dihitung dengan                    Diluted earnings per share are computed by
                                             menyesuaikan jumlah rata-rata tertimbang                        adjusting the weighted average number of
                                             saham biasa yang beredar dengan dampak dari                     ordinary shares outstanding to assume
                                             semua efek berpotensi saham biasa yang dilutif                  conversion of all dilutive potential ordinary
                                             yang diterbitkan oleh Perusahaan.                               shares issued by the Company.




                                                                                                  39

508
Page 509
                                                                                 The original consolidated financial statements




                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                  included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL       ACCOUNTING                        POLICY
     (lanjutan)                                                    INFORMATION (continued)

     u.   Segmen pelaporan                                         u.   Segment reporting

          Grup     melakukan      segmentasi    pelaporan               The Group segments its financial reporting
          berdasarkan       informasi   keuangan     yang               based on the financial information used by the




                                                                                                                                  Operational Excellence For Reliable Aviation Services
          digunakan oleh pengambil keputusan operasi                    chief operating decision-maker in evaluating the
          utama dalam mengevaluasi kinerja segmen dan                   performance of segments and in the allocation of
          menentukan alokasi sumber daya yang                           resources. The Board of Directors is the Group's
          dimilikinya. Direksi adalah pengambil keputusan               chief operating decision-maker. The segments
          operasional Grup. Segmentasi berdasarkan sifat                are based on the nature of business. All
          usaha. Seluruh transaksi antar segmen telah                   transactions between segments have been
          dieliminasi.                                                  eliminated.

          Pendapatan, beban, hasil, aset dan liabilitas                 Segment revenue, expenses, results, assets and
          segmen termasuk item-item yang dapat                          liabilities include items directly attributable to a
          diatribusikan langsung kepada suatu segmen                    segment, as well as those that can be allocated
          serta item-item yang dapat dialokasikan dengan                on a reasonable basis to that segment. They are
          dasar yang sesuai dengan segmen tersebut.                     determined before intragroup balances and
          Segmen ditentukan sebelum saldo dan transaksi                 intragroup transactions are eliminated as part of
          antar Grup dieliminasi sebagai bagian dari                    the consolidation process.
          proses konsolidasi.

     v.   Pengakuan pendapatan dan beban                           v.   Revenue and expenses recognition

          Pendapatan jasa perbaikan dan overhaul                        Revenue from repair and overhaul and line
          pesawat, dan jasa pemeliharaan diakui dalam                   maintenance services are recognised over time
          suatu periode waktu selama jasa tersebut                      during the period of rendering services. Group
          diberikan. Grup menggunakan metode output                     selects the output method to measure the
          untuk pengukuran kemajuan jasa untuk                          progress of the service to determine the amount
          menentukan jumlah pendapatan yang harus                       of revenue that should be recognised as the
          diakui ketika kewajiban pelaksanaan dipenuhi.                 performance obligation is satisfied.

          Untuk kontrak harga tetap, pendapatan diakui                  For fixed-price contracts, revenue is recognised
          berdasarkan servis aktual yang diberikan hingga               based on the actual service provided to the end
          akhir periode pelaporan sebagai proporsi dari                 of the reporting period as a proportion of the total
          total servis yang akan diberikan. Ini ditentukan              services to be provided. This is determined
          berdasarkan biaya aktual yang dihabiskan relatif              based on the actual costs relative to the total
          terhadap total biaya yang diperkirakan.                       expected costs.

          Estimasi pendapatan, biaya atau tingkat                       Estimates of revenues, costs or extent of
          perkembangan menuju penyelesaian direvisi jika                progress toward completion are revised if
          keadaan berubah. Setiap kenaikan atau                         circumstances change. Any resulting increases
          penurunan estimasi pendapatan atau biaya                      or decreases in estimated revenues or costs are
          tercermin dalam laporan laba rugi konsolidasian               reflected in the consolidated statement of profit
          pada periode di mana keadaan yang                             or loss in the period in which the circumstances
          menyebabkan revisi tersebut diketahui oleh                    that give rise to the revision become known by
          manajemen.                                                    management.




                                                             40

                                                                                                                                  509
Page 510
                                                                                                                        The original consolidated financial statements
                                                                                                                         included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

                                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL       ACCOUNTING                       POLICY
                                           (lanjutan)                                                      INFORMATION (continued)

                                           v.   Pengakuan pendapatan dan beban (lanjutan)                  v.   Revenue     and       expenses         recognition
                                                                                                                (continued)

                                                Pembayaran harga transaksi berbeda untuk                        Payment of the transaction price is different for
                                                setiap kontrak. Aset kontrak diakui ketika                      each contract. A contract asset is recognised
                                                imbalan yang dibayarkan oleh pelanggan kurang                   when the consideration paid by the customer is
                                                dari saldo kewajiban pelaksanaan yang telah                     less than the balance of performance obligation
                                                dipenuhi. Liabilitas kontrak diakui ketika imbalan              which has been satisfied. A contract liability is
                                                yang dibayarkan oleh pelanggan lebih dari saldo                 recognised when the consideration paid by the
                                                kewajiban pelaksanaan yang telah dipenuhi.                      customer is more than the balance of
                                                                                                                performance obligation which has been satisfied.

                                                Jika kontrak menyertakan biaya per jam,                         If the contract includes an hourly fee, revenue is
                                                pendapatan diakui sejumlah yang berhak ditagih                  recognised in the amount to which the Group has
                                                oleh Grup. Pelanggan ditagih setiap bulan dan                   a right to invoice. Customers are invoiced on a
                                                imbalannya dibayarkan saat ditagih.                             monthly basis and consideration is receivable
                                                                                                                when invoiced.

                                                Grup mengakui pendapatan dari penjualan                         The Group recognises revenue from sale of
                                                barang pada suatu titik waktu di saat kendali atas              goods at point in time when control is transferred
Laporan Keuangan - Financial Report




                                                barang diserahkan kepada pembeli. Grup                          to the customers upon delivery of goods. The
                                                mengevaluasi penyerahan kendali melalui bukti                   Group evaluates the transfer of control through
                                                penerimaan        pelanggan,          penyerahan                evidence of the customer’s receipt and
                                                kepemilikan, hak atas pembayaran atas produk                    acceptance, transfer of title, the Group’s right to
                                                dan kemampuan pembeli untuk menentukan                          payment for those goods and the customer’s
                                                penggunaan dari barang setelah diterima.                        ability to direct use of those goods upon receipt.

                                                Grup mengakui pendapatan dari operasi lainnya                   The Group recognises revenue from other
                                                dari entitas anak atas kewajiban pelaksanaan                    operations from subsidiaries for a performance
                                                yang dipenuhi sepanjang waktu hanya jika                        obligation satisfied overtime only if the Group
                                                entitas dapat mengukur kemajuan secara wajar                    can reasonably measure its progress towards
                                                terhadap penyelesaian penuh atas kewajiban                      complete satisfaction of the performance
                                                pelaksanaan. Dalam beberapa kasus, Grup                         obligation. In some cases, the Group may not be
                                                mungkin tidak dapat mengukur hasil kewajiban                    able to reasonably measure the outcome of a
                                                pelaksanaan secara wajar, tetapi Grup                           performance obligation, but the Group expects to
                                                memperkirakan untuk memulihkan biaya yang                       recover the costs incurred in satisfying the
                                                terjadi     dalam     memenuhi         kewajiban                performance obligation. In those cases, the
                                                pelaksanaan. Dalam kasus tersebut, Grup                         Group recognises revenue only to the extent of
                                                mengakui pendapatan hanya sejumlah biaya                        the costs incurred until such time that it can
                                                yang terjadi sampai waktu tertentu di mana Grup                 reasonably measure the outcome of the
                                                dapat mengukur hasil kewajiban pelaksanaan                      performance obligation.
                                                secara wajar.


                                      3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                        3.   CRITICAL ACCOUNTING               ESTIMATES         AND
                                           YANG PENTING                                                    JUDGEMENTS

                                           Estimasi dan pertimbangan terus dievaluasi                      Estimates and judgements are continually evaluated
                                           berdasarkan pengalaman historis dan faktor-faktor               and are based on historical experience and other
                                           lain, termasuk ekspektasi peristiwa masa depan yang             factors, including expectations of future events that
                                           diyakini wajar berdasarkan kondisi yang ada.                    are believed to be reasonable under the
                                                                                                           circumstances.




                                                                                                     41

510
Page 511
                                                                             The original consolidated financial statements




                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                                                                              included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                   (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)

3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                    3.   CRITICAL ACCOUNTING              ESTIMATES         AND
     YANG PENTING (lanjutan)                                     JUDGEMENTS (continued)

     Penggunaan asumsi kelangsungan usaha                        The use of going concern assumption

     Dalam menerapkan kebijakan akuntansi Grup, selain           In the process of applying the Group’s accounting
     yang melibatkan estimasi, manajemen telah                   policies, apart from those involving estimations,




                                                                                                                              Operational Excellence For Reliable Aviation Services
     menyusun laporan keuangan konsolidasian dengan              management has prepared the consolidated financial
     asumsi bahwa Grup akan dapat mempertahankan                 statements on the assumption that the Group will be
     kelangsungan usaha dalam operasinya di tahun                able to operate as a going concern in the coming
     mendatang, yang merupakan pertimbangan penting              year, which is a critical judgement that has the most
     yang berdampak paling signifikan terhadap jumlah            significant effect on the amounts recognised in the
     yang diakui dalam laporan keuangan konsolidasian.           consolidated financial statements. The assessment
     Penilaian asumsi kelangsungan usaha melibatkan              of the going concern assumption involves making a
     pengambilan keputusan oleh manajemen, pada titik            judgement by the management, at a particular point
     waktu tertentu, tentang hasil masa depan dari               of time, about the future outcome of events or
     peristiwa atau kondisi yang secara inheren tidak            conditions which are inherently uncertain. The
     pasti. Manajemen Grup mempertimbangkan bahwa                Group’s management considers that the Group has
     Grup memiliki kemampuan untuk melanjutkan                   the capability to continue as a going concern and the
     kelangsungan usahanya dan peristiwa atau kondisi            major events or conditions, which may give rise to
     utama, yang dapat menimbulkan risiko bisnis, yang           business risks, that individually or collectively may
     secara individual atau kolektif dapat menimbulkan           cast significant doubt upon the going concern
     keraguan signifikan atas asumsi kelangsungan                assumption are set out in Note 36 to the consolidated
     usaha sebagaimana dijelaskan dalam Catatan 36               financial statements.
     terhadap laporan keuangan konsolidasian.

     Pengakuan pendapatan                                        Revenue recognition

     Grup mengakui pendapatan dari pekerjaan dalam               The Group recognises revenue from the project in
     progres pengerjaan berdasarkan metode persentase            progress based on the percentage of completion
     penyelesaian.    Tahap     penyelesaian   kontrak           method. The stage of completion of a contract is
     ditentukan menggunakan metode survei atas                   determined using surveys of the work performed
     pekerjaan yang telah dilaksanakan. Asumsi penting           method. Critical assumption is required in
     diperlukan dalam menentukan tahapan penyelesaian            determining the stage of completion (percentage of
     (persentase penyelesaian) dan jumlah estimasi               completion) and the amount of estimated income. In
     pendapatan. Dalam membuat asumsi, Grup                      making assumptions, the Group evaluates them
     melakukan evaluasi berdasarkan realisasi di waktu           based on past realisation.
     yang lampau.

     Grup telah menandatangani beberapa perjanjian               The Group entered into several power-by-hour
     perawatan mesin power-by-hour (”PBH”) dengan                (”PBH”) engine maintenance agreements with airline
     perusahaan maskapai penerbangan. Pembayaran                 companies. The monthly payments are based on the
     bulanan didasarkan pada jumlah jam terbang yang             number of flying hours flown. The proportion of the
     diterbangkan. Proporsi jumlah pendapatan yang               revenue amount to be recognised is determined
     akan diakui ditentukan berdasarkan estimasi terbaik         based on the best estimate of the proportion of day-
     dari proporsi biaya perawatan sehari-hari yang              to-day maintenance cost incurred.
     timbul.




                                                           42

                                                                                                                              511
Page 512
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                      3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                      3.   CRITICAL ACCOUNTING                ESTIMATES         AND
                                           YANG PENTING (lanjutan)                                       JUDGEMENTS (continued)

                                           Penurunan nilai piutang dan kontrak aset                      Impairment losses of receivables and contract
                                                                                                         assets

                                           Grup menghitung kerugian kredit ekspektasian untuk            The Group calculated the expected credit loss for all
                                           seluruh piutang usaha dan aset kontrak. Untuk                 trade receivables and contract assets. For those
                                           piutang usaha dan aset kontrak yang secara                    which were considered individually significant, the
                                           individual dianggap signifikan, Grup menghitung               Group calculated the individual expected credit loss
                                           kerugian kredit ekspektasian secara individual                by estimating the expected cash flows to be obtained
                                           dengan mengestimasi arus kas ekspektasian yang                from the settlement of the amounts due from
                                           diperoleh dari pelunasan jumlah piutang usaha dan             customers' trade receivables and contract assets.
                                           aset kontrak dari pelanggan. Untuk piutang usaha              For those which were not considered individually
                                           dan aset kontrak yang secara individual tidak                 significant, the Group assessed the collective
                                           dianggap signifikan, Grup menghitung kerugian                 expected credit loss using the risk parameter
                                           kredit ekspektasian secara kolektif menggunakan               modelling     approach    that incorporated key
                                           pendekatan      model    parameter     risiko   yang          parameters, including the probability of default, loss
                                           menggunakan        beberapa    parameter      utama,          given default, exposure at default and discount rate,
                                           termasuk, probability of default, loss given default,         after considering forward looking factors and other
                                           exposure at default dan tingkat diskonto, setelah             external information.
                                           memperhitungkan faktor masa depan dan informasi
                                           eksternal lainnya.
Laporan Keuangan - Financial Report




                                           Pertimbangan-pertimbangan         signifikan     yang         The significant judgements involved in determining
                                           digunakan dalam menentukan kerugian kredit                    the expected credit loss included the following:
                                           ekspektasian meliputi:
                                           - Model yang dikembangkan secara inheren                      -   The models are inherently complex, and
                                              kompleks,     dan    melibatkan      pertimbangan              management’s judgement is applied in
                                              manajemen        dalam       menentukan        dan             determining and preparing the individual and
                                              mempersiapkan penilaian individual dan kolektif                collective assessments used to calculate the
                                              untuk menghitung kerugian kredit ekspektasian.                 expected credit loss;
                                           - Mengidentifikasi piutang usaha dan aset kontrak             -   Identification of trade receivables and contract
                                              yang     diberikan   yang     telah     mengalami              assets that have experienced a significant
                                              peningkatan risiko kredit secara signifikan; dan               increase in credit risk; and
                                           - Asumsi-asumsi yang digunakan dalam model                    -   Assumptions used in the expected credit loss
                                              kerugian kredit ekspektasian seperti perkiraan                 models such as forward-looking macroeconomic
                                              faktor ekonomi makro masa depan dan rencana                    factors and customer payment plans
                                              pembayaran dari pelanggan.

                                           Jumlah tercatat bruto dari piutang usaha dan aset             Carrying amount of gross trade receivables and
                                           kontrak merupakan exposure at default yang                    contract assets is exposure at default that represents
                                           merepresentasikan estimasi eksposur jika terjadi              the estimated exposure in case of default. The Group
                                           gagal bayar. Grup menghitung probability of default           calculated historical probability of default using a roll-
                                           historis menggunakan metode roll-rate yang                    rate method obtained through movement of the
                                           diperoleh dari pergerakan piutang usaha dan aset              Group’s outstanding trade receivables and contract
                                           kontrak Grup.                                                 assets.




                                                                                                   43

512
Page 513
                                                                               The original consolidated financial statements




                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                   (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)

3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                    3.   CRITICAL ACCOUNTING                ESTIMATES         AND
     YANG PENTING (lanjutan)                                     JUDGEMENTS (continued)

     Penurunan nilai piutang dan kontrak aset                    Impairment losses of receivables and contract
     (lanjutan)                                                  assets (continued)

     Grup menyesuaikan kerugian kredit historis masa             The Group adjusts the historical credit loss




                                                                                                                                Operational Excellence For Reliable Aviation Services
     lalu dengan informasi forward-looking. Sebagai              experience with forward-looking information. For
     contoh, jika prakiraan atas kondisi ekonomi                 instance, if economic conditions forecast are
     diperkirakan memburuk selama periode/tahun                  expected to deteriorate over the next period/year,
     depan, yang dapat menyebabkan meningkatnya                  which can lead to an increased number of defaults,
     jumlah gagal bayar, tingkat gagal bayar historis            the historical default rates are adjusted. At each
     disesuaikan. Pada setiap tanggal pelaporan, tingkat         reporting date, the historical observed default rates
     gagal bayar historis diperbaharui dan perubahan             are updated and changes in the forward-looking
     estimasi forward-looking dianalisis.                        estimates are analysed.

     Kerugian Grup jika terjadi gagal bayar adalah loss          The Group losses in case of default are loss given
     given default dengan parameter yang diestimasi              default with parameters that historically estimated
     secara historis berdasarkan tingkat pemulihan atas          based on the level of recovery of claims against
     klaim terhadap pelanggan yang gagal bayar.                  customer’s who default.

     Pemulihan dari aset pajak tangguhan                         Recoverability of deferred tax assets

     Grup melakukan penelaahan atas nilai tercatat aset          The Group reviews the carrying amounts of deferred
     pajak tangguhan pada setiap akhir periode                   tax assets at the end of each reporting period and
     pelaporan dan mengurangi nilai tersebut jika besar          reduces this amount if it is no longer probable that
     kemungkinan       aset   tersebut    tidak   dapat          assets will be realised in the future, whereas sufficient
     direalisasikan di masa depan, di mana penghasilan           taxable income will not be available to allow all or part
     kena pajak Grup tidak memungkinkan untuk                    of the deferred tax assets to be utilised. The Group’s
     memanfaatkan seluruh atau sebagian dari aset pajak          assessment on the recognition of deferred tax assets
     tangguhan tersebut. Penelaahan Grup atas                    on deductible temporary differences is based on the
     pengakuan aset pajak tangguhan untuk perbedaan              amount and timing of forecasted taxable income of
     temporer yang dapat dikurangkan didasarkan atas             the subsequent reporting periods.
     jumlah dan jangka waktu proyeksi penghasilan kena
     pajak untuk periode pelaporan berikutnya.

     Namun, tidak terdapat kepastian bahwa Grup dapat            However, there is no assurance that the Group will
     menghasilkan penghasilan kena pajak yang cukup              generate sufficient taxable income to allow all or part
     untuk memungkinkan penggunaan sebagian atau                 of the deferred tax assets to be utilised.
     seluruh bagian dari aset pajak tangguhan tersebut.

     Proyeksi ini disusun dengan mempertimbangkan                This forecast is prepared by considering the Group’s
     hasil pencapaian Grup di masa lalu dan ekspektasi           past results and future expectations on revenues and
     pendapatan dan beban di masa depan,                         expenses as well as assumptions of estimated future
     sebagaimana juga dengan asumsi estimasi atas                taxable income included in management’s financial
     penghasilan kena pajak di masa depan yang                   projections, which are subject to uncertainty and can
     termasuk di dalam proyeksi keuangan manajemen,              be affected by external factors such as
     yang memiliki ketidakpastian dan dapat dipengaruhi          macroeconomic conditions.
     oleh faktor-faktor eksternal seperti kondisi ekonomi
     makro.




                                                            44

                                                                                                                                513
Page 514
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                       3.   CRITICAL ACCOUNTING               ESTIMATES         AND
                                           YANG PENTING (lanjutan)                                        JUDGEMENTS (continued)

                                           Cadangan penurunan nilai persediaan                            Provision for impairment of inventories

                                           Grup melakukan pencadangan penurunan nilai                     The Group provides provision of impairment of
                                           persediaan berdasarkan estimasi persediaan yang                inventories based on estimated future usage and the
                                           akan digunakan pada masa datang dan kondisi dari               condition of the inventories. Uncertainty associated
                                           persediaan. Ketidakpastian terkait dengan faktor-              with these factors may result in the realisable amount
                                           faktor ini dapat menyebabkan nilai realisasi yang              being different from the reported carrying amount of
                                           berbeda dengan nilai tercatat dari persediaan.                 the inventories.

                                           Ketidakpastian kewajiban perpajakan                            Uncertainty of tax exposures

                                           Dalam situasi tertentu, Grup tidak dapat menentukan            In certain circumstances, the Group may not be able
                                           secara pasti jumlah utang pajak kini atau masa                 to determine the exact amount of its current or future
                                           mendatang atau jumlah klaim restitusi pajak yang               tax liabilities or the recoverable amount of the claim
                                           dapat terpulihkan karena proses pemeriksaan yang               for tax refund due to ongoing investigations by the
                                           masih berlangsung dengan otoritas perpajakan.                  taxation authority. Uncertainties exist with respect to
                                           Ketidakpastian timbul terkait dengan interpretasi dari         the interpretation of complex tax regulations and the
                                           peraturan perpajakan yang kompleks dan jumlah dan              amount and timing of future taxable income. In
                                           waktu dari penghasilan kena pajak di masa depan.               determining the amount to be recognised in respect
                                           Dalam menentukan jumlah yang harus diakui terkait              of an uncertain tax liability or the recoverable amount
Laporan Keuangan - Financial Report




                                           dengan utang pajak yang tidak pasti atau klaim                 of the claim for tax refund related to uncertain tax
                                           restitusi pajak yang dapat terpulihkan terkait dengan          positions, the Group applies similar considerations as
                                           ketidakpastian posisi perpajakan, Grup menerapkan              it would use in determining the amount of a provision
                                           pertimbangan yang sama yang akan digunakan                     to be recognised in accordance with PSAK 237:
                                           dalam menentukan jumlah provisi yang harus diakui              Provisions, Contingent Liabilities and Contingent
                                           sesuai dengan PSAK 237: Provisi, Liabilitas                    Assets and PSAK 212: Income Taxes. The Group
                                           Kontinjensi, dan Aset Kontinjensi dan PSAK 212:                makes an analysis of all uncertain tax positions to
                                           Pajak Penghasilan. Grup membuat analisis untuk                 determine if a tax liability for uncertain tax benefit or
                                           semua ketidakpastian posisi perpajakan untuk                   a provision for unrecoverable claim for tax refund
                                           menentukan jika utang pajak atas manfaat pajak                 should be recognised.
                                           yang tidak pasti atau cadangan atas klaim restitusi
                                           pajak yang tidak dapat terpulihkan harus diakui.

                                            Nilai wajar bangunan dan prasarana                            Fair value of building and improvements

                                            Nilai wajar dari bangunan dan prasarana ditentukan            The fair value of buildings and improvements is
                                            menggunakan teknik valuasi yang dilakukan oleh                determined by using valuation techniques which
                                            penilai independen profesional yang memiliki                  were valued by independent professionally qualified
                                            kualifikasi yang relevan dan memiliki pengalaman              valuers who hold a recognised relevant professional
                                            yang berhubungan dengan aset tetap yang akan                  qualification and have recent experience in the
                                            dinilai. Setiap perubahan dalam asumsi penilaian              locations and fixed assets valued. Any change in
                                            yang dilakukan oleh penilai independen eksternal              assumption and valuation performed by an external
                                            akan berdampak pada nilai tercatat aset tetap.                independent appraiser will affect the carrying amount
                                            Informasi tambahan diungkapkan di Catatan 9.                  of the Group’s assets. Additional information is
                                                                                                          disclosed in Note 9.




                                                                                                    45

514
Page 515
                                                                                The original consolidated financial statements




                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                 included herein are in Indonesian language.

                               PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                      3.   CRITICAL ACCOUNTING               ESTIMATES         AND
     YANG PENTING (lanjutan)                                       JUDGEMENTS (continued)

     Imbalan kerja                                                 Employee benefits

      Nilai kini kewajiban imbalan kerja tergantung pada           The present value of the employee benefits
      sejumlah     faktor   yang    ditentukan    dengan           obligation depends on a number of factors that are




                                                                                                                                 Operational Excellence For Reliable Aviation Services
      menggunakan sejumlah asumsi aktuaria. Asumsi                 determined by a number of actuarial assumptions.
      yang digunakan dalam menentukan biaya neto                   The assumptions used in determining the net cost for
      untuk pensiun termasuk tingkat pengembalian                  pensions include the expected long-term rate of
      jangka panjang yang diharapkan atas investasi dana           return on investment of the defined contribution
      program pensiun iuran pasti dan tingkat diskonto             pension fund and the relevant discount rate. Any
      yang relevan. Setiap perubahan dalam asumsi ini              changes in these assumptions will impact the
      akan berdampak pada nilai tercatat kewajiban                 carrying amount of the employee benefits obligation.
      imbalan kerja.

      Grup menentukan tingkat diskonto dan kenaikan gaji           The Group determines the appropriate discount rate
      masa datang yang sesuai pada akhir periode                   and future salary increase at the end of each
      pelaporan. Tingkat diskonto adalah tingkat suku              reporting period. The discount rate is interest rate
      bunga yang harus digunakan untuk menentukan                  that should be used to determine the present value
      nilai kini atas estimasi arus kas keluar masa depan          of estimated future cash outflows expected to be
      yang diharapkan menentukan untuk menyelesaikan               required to settle the pension obligations. In
      kewajiban pensiun. Dalam tingkat suku bunga yang             determining the appropriate discount rate, the Group
      sesuai, Grup mempertimbangkan tingkat suku                   considers the interest rates of government bonds
      bunga obligasi pemerintah yang didenominasikan               that are denominated in the currency in which the
      dalam mata uang imbalan akan dibayar dan memiliki            benefits will be paid and that have terms to maturity
      jangka waktu yang serupa dengan jangka waktu                 approximating the terms of the related pension
      kewajiban pensiun yang terkait.                              obligation.

     Untuk tingkat kenaikan gaji masa datang, Grup                 For the rate of future salary increases, the Group
     mengumpulkan data historis mengenai perubahan                 collects all historical data relating to changes in base
     gaji dasar pekerja dan menyesuaikannya dengan                 salaries and adjusts it for future business plans.
     perencanaan bisnis masa datang.

     Asumsi kunci kewajiban pensiun lainnya sebagian               Other key assumptions for pension obligations are
     ditentukan berdasarkan kondisi pasar saat ini.                based in part on current market conditions. Additional
     Informasi tambahan diungkapkan pada Catatan 14.               information is disclosed in Note 14.


4.   KAS DAN SETARA KAS DAN KAS DAN SETARA                    4.   CASH   AND   CASH   EQUIVALENTS   AND
     KAS YANG DIBATASI PENGGUNAANNYA                               RESTRICTED CASH AND CASH EQUIVALENTS

     a.   Kas dan setara kas                                       a.   Cash and cash equivalents

                                                2025                    2024

          Kas                                                                                                  Cash on hand
                Dolar AS                            125.198                 89.793                             US Dollars
                Rupiah                              103.451                108.581                                Rupiah
                Riyal                                     -                  3.426                                  Riyal

                                                    228.649                201.800




                                                            46

                                                                                                                                 515
Page 516
                                                                                                                         The original consolidated financial statements
                                                                                                                          included herein are in Indonesian language.

                                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                        (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)

                                      4.   KAS DAN SETARA KAS DAN KAS DAN SETARA                    4.   CASH     AND CASH  EQUIVALENTS   AND
                                           KAS YANG DIBATASI PENGGUNAANNYA                               RESTRICTED CASH AND CASH EQUIVALENTS
                                           (lanjutan)                                                    (continued)

                                           a.   Kas dan setara kas (lanjutan)                            a.   Cash and cash equivalents (continued)

                                                                                    2025                      2024

                                                Kas di bank                                                                                            Cash in banks
                                                Pihak berelasi (Catatan 29):                                                                Related parties (Note 29):
                                                    Rupiah                            23.317.831                   7.028.108                               Rupiah
                                                    Dolar AS                           9.042.821                   1.728.481                           US Dollars
                                                    Euro                                  91.793                         277                                  Euro
                                                    Riyal                                      -                       1.286                                  Riyal

                                                                                      32.452.445                   8.758.152
                                                Pihak ketiga:                                                                                         Third parties:
                                                    Rupiah                                                                                               Rupiah
                                                        PT Bank Maybank                                                                    PT Bank Maybank
                                                            Syariah Indonesia                                                          Syariah Indonesia
                                                            (“Maybank Syariah”)         734.426                    1.562.791         (“Maybank Syariah”)
                                                        PT Bank CTBC Indonesia          106.637                       86.615        PT Bank CTBC Indonesia
                                                        Lain-lain (masing-masing                                                                     Others
                                                            di bawah AS$100.000)           61.572                    77.666     (each below US$100,000)
Laporan Keuangan - Financial Report




                                                                                        902.635                    1.727.072

                                                    Dolar AS                                                                                         US Dollars
                                                        PT Bank Maybank                                                                    PT Bank Maybank
                                                             Syariah Indonesia                                                         Syariah Indonesia
                                                             (“Maybank Syariah”)       1.160.572                     45.120          (“Maybank Syariah”)
                                                        PT Bank CTBC Indonesia           628.876                     74.888         PT Bank CTBC Indonesia
                                                        Citibank                         363.126                    426.412                         Citibank
                                                        Lain-lain (masing-masing                                                                     Others
                                                             di bawah AS$100.000)       100.849                     274.972     (each below US$100,000)

                                                                                       2.253.423                    821.392


                                                Deposito berjangka                                                                                     Time deposits
                                                Pihak berelasi (Catatan 29):                                                                Related parties (Note 29):
                                                    Rupiah                             5.118.587                    745.065                                Rupiah
                                                    Dolar AS                                   -                    370.000                            US Dollars

                                                                                       5.118.587                   1.115.065

                                                                                      40.955.739                  12.623.481


                                                Informasi lainnya sehubungan dengan kas dan                   Other information relating to cash and cash
                                                setara kas adalah sebagai berikut:                            equivalents is as follows:

                                                   Tingkat suku bunga kontraktual untuk kas                        Contractual interest rates on cash in banks
                                                    pada bank dan deposito bank jangka pendek                        and short-term bank deposits are as follows:
                                                    adalah sebagai berikut:

                                                                                    2025                      2024

                                                    Rupiah                           0% - 7,00%               0% - 1,75%                                      Rupiah
                                                    Dolar AS                         0% - 1,25%               0% - 4,00%                                   US Dollars




                                                                                                47

516
Page 517
                                                                                      The original consolidated financial statements




                                                                                                                                       PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                       included herein are in Indonesian language.

                               PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                           (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)

4.   KAS DAN SETARA KAS DAN KAS DAN SETARA                        4.   CASH     AND CASH  EQUIVALENTS   AND
     KAS YANG DIBATASI PENGGUNAANNYA                                   RESTRICTED CASH AND CASH EQUIVALENTS
     (lanjutan)                                                        (continued)

     a.   Kas dan setara kas (lanjutan)                                a.   Cash and cash equivalents (continued)

          Informasi lainnya sehubungan dengan kas dan                       Other information relating to cash and cash




                                                                                                                                       Operational Excellence For Reliable Aviation Services
          setara kas adalah sebagai berikut: (lanjutan)                     equivalents is as follows: (continued)

             Kas dan setara kas berdasarkan mata uang:                           Cash and cash equivalents by currency:

                                                    2025                    2024

              Rupiah                                 29.467.054                 9.702.045                                  Rupiah
              Dolar AS                               11.396.892                 2.919.873                               US Dollars
              Euro                                       91.793                       277                                    Euro
              Riyal                                           -                     1.286                                   Riyal

                                                     40.955.739              12.623.481


     b.   Kas   dan   setara           kas   yang   dibatasi           b.   Restricted cash and cash equivalents
          penggunaannya

          Pada tanggal 31 Desember 2025 dan                                 As at December 31, 2025 and 2024, balance of
          2024, saldo kas dan setara kas yang dibatasi                      restricted cash and cash equivalents amounting
          penggunaannya      masing-masing    sebesar                       to US$1,947,588 and US$902,880, respectively,
          AS$1.947.588     dan    AS$902.880,    yang                       which were bank guarantees used as work
          merupakan bank garansi sebagai jaminan                            performance guarantees and debt service
          pelaksanaan pekerjaan dan rekening debt                           reserve account.
          service reserve.


5.   PIUTANG USAHA                                                5.   TRADE RECEIVABLES

                                                    2025                    2024

     Pihak berelasi                                                                                                  Related parties
         Piutang usaha                              108.326.456              95.672.935                       Trade receivables
         Provisi atas penurunan nilai -                                                               Provision for impairment -
              pihak berelasi                        (40.772.615)            (35.204.127)                      related parties

     Piutang usaha - pihak berelasi,                                                                            Trade receivables -
          neto (Catatan 29)                          67.553.841              60.468.808           related parties, net (Note 29)
     Piutang usaha - pihak berelasi,                                                            Trade receivables - related parties,
          neto, bagian lancar                       (64.018.764)            (45.816.929)                    net, current portion

     Piutang usaha - pihak berelasi,                                                            Trade receivables - related parties,
          neto, bagian tidak lancar                   3.535.077              14.651.879                 net, non-current portion


     Pihak ketiga                                                                                                      Third parties
         PT Sriwijaya Air (“Sriwijaya”)              29.884.879              37.117.756            PT Sriwijaya Air (“Sriwijaya”)
         PT Nam Air                                   8.991.681               9.336.617                             PT Nam Air
         PT Lion Mentari Airlines                     5.066.062               5.295.202                PT Lion Mentari Airlines
         Lain-lain (masing-masing                                                                           Others (each below
              di bawah AS$3.000.000)                 32.904.517              23.694.166                     US$3,000,000)

                                                     76.847.139              75.443.741




                                                               48

                                                                                                                                       517
Page 518
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      5.   PIUTANG USAHA (lanjutan)                                  5.   TRADE RECEIVABLES (continued)

                                                                                    2025                      2024

                                           Provisi atas penurunan nilai -                                                                 Provision for impairment -
                                                pihak ketiga                            (66.231.374)           (71.397.829)                          third parties

                                           Piutang usaha - pihak ketiga,                                                           Trade receivables - third parties,
                                                neto, bagian lancar                     10.615.765              4.045.912                   net, current portion

                                           Piutang usaha, neto                          78.169.606             64.514.720                    Trade receivables, net


                                           Piutang usaha Grup berdasarkan mata uang adalah                The Group’s trade receivables are denominated in
                                           sebagai berikut:                                               the following currencies:

                                                                                    2025                      2024
                                           Rupiah                                   154.962.791               150.882.899                                   Rupiah
                                           Dolar AS                                  29.915.915                20.233.777                                US Dollars
                                           Euro                                         294.889                         -                                     Euro

                                                                                     185.173.595              171.116.676
                                           Provisi atas penurunan nilai             (107.003.989)            (106.601.956)                 Provision for impairment

                                                                                        78.169.606             64.514.720
Laporan Keuangan - Financial Report




                                           Umur piutang usaha adalah sebagai berikut:                     The aging of trade receivables is as follows:

                                                                                    2025                      2024
                                           Lancar                                       57.341.723             23.577.436                                   Current
                                           Jatuh tempo:                                                                                                   Overdue:
                                                1 - 60 hari                             18.992.693             20.593.147                           1 - 60 days
                                                61 - 180 hari                           13.774.922             12.900.595                         61 - 180 days
                                                181 - 360 hari                           8.400.290              9.162.522                        181 - 360 days
                                                Lebih dari 360 hari                     86.663.967            104.882.976                        Over 360 days

                                                                                     185.173.595              171.116.676
                                           Provisi atas penurunan nilai             (107.003.989)            (106.601.956)                 Provision for impairment

                                                                                        78.169.606             64.514.720


                                           Pada tanggal 31 Desember 2025 dan 2024, piutang                As at December 31, 2025 and 2024, trade receivables
                                           usaha masing-masing sebesar AS$127,83 juta dan                 amounting to US$127.83 million and US$147.54
                                           AS$147,54 juta telah lewat jatuh tempo. Grup                   million, respectively, were past due. The Group
                                           melakukan analisis penurunan nilai atas piutang                analysis the impairment of trade receivables at each
                                           usaha pada setiap tanggal pelaporan.                           reporting date.

                                           Eksposur maksimum risiko kredit pada tanggal                   The maximum exposure to credit risk at the reporting
                                           pelaporan adalah sebesar nilai tercatat masing-                date is the carrying value of each class of receivable
                                           masing kategori piutang yang disebutkan di atas.               mentioned above.

                                           Mutasi provisi penurunan nilai piutang usaha Grup              Movements in the Group’s provision for impairment of
                                           adalah sebagai berikut:                                        trade receivables are as follows:

                                                                                    2025                      2024

                                           Pada awal tahun                          106.601.956               105.124.551                       At beginning of year
                                           Penambahan                                   402.033                 1.477.405                                  Addition

                                           Pada akhir tahun                         107.003.989               106.601.956                             At end of year




                                                                                                  49

518
Page 519
                                                                             The original consolidated financial statements




                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                                                                              included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                  (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)

5.   PIUTANG USAHA (lanjutan)                              5.   TRADE RECEIVABLES (continued)

     Pada tanggal 31 Desember 2025, piutang usaha               As at December 31, 2025, the Company’s non-
     bagian jangka panjang Perusahaan sebagian besar            current portion of trade receivables is mainly resulting
     merupakan hasil dari restrukturisasi piutang dengan        from restructuring receivables with Garuda and
     Garuda dan Sriwijaya.                                      Sriwijaya.




                                                                                                                              Operational Excellence For Reliable Aviation Services
     Pada tanggal 31 Desember 2024, piutang usaha               As at December 31, 2024, the Company’s non-
     bagian jangka panjang Perusahaan sebagian besar            current portion of trade receivables is mainly resulting
     merupakan hasil dari restrukturisasi piutang dengan        from restructuring receivables with Garuda, PT
     Garuda, PT Citilink Indonesia (“Citilink”), dan            Citilink Indonesia (“Citilink”), and Sriwijaya.
     Sriwijaya.

     Restrukturisasi piutang usaha Garuda                       Restructuring of Garuda trade receivables

     Sesuai dengan berita acara rapat verifikasi tagihan        In accordance with minutes of creditors billing
     kreditur PT Garuda Indonesia (Persero) Tbk (dalam          verification of PT Garuda Indonesia (Persero) Tbk (in
     proses Penundaan Kewajiban Pembayaran Utang                suspension of debt payment obligations (“PKPU”))
     (“PKPU”)),     Perkara      No.       425/Pdt.Sus-         case No. 425/Pdt.Sus-PKPU/2021/PN.Niaga.Jkt.Pst.
     PKPU/2021/PN.Niaga.Jkt.Pst. tanggal 24 Februari            dated February 24, 2022, the Group and Garuda
     2022, Grup dan Garuda sepakat atas restrukturisasi         agreed to restructure the trade receivables amounting
     piutang usaha senilai Rp293,54 miliar (setara              to Rp293.54 billion (equivalent to US$17.41 million)
     dengan AS$17,41 juta) dan AS$2,19 juta dengan              and US$2.19 million with payment terms of 22 years
     jangka waktu pembayaran 22 tahun dan tingkat suku          and interest rate 0.1% per annum.
     bunga 0,1% per tahun.

     Pada tanggal 14 Juni 2022, sesuai dengan berita            On June 14, 2022, in accordance with minutes No:
     acara No: DT/BA-004/22, Grup dan Garuda                    DT/BA-004/22, the Group and Garuda entered an
     menandatangani perjanjian pemindahan saldo                 agreement to transfer the Group’s receivables from
     piutang CFM International (“CFMI”) ke dalam bagian         CFM International (“CFMI”) as part of Garuda’s
     saldo piutang Garuda sebesar Rp74,70 miliar (setara        receivables amounting to Rp74.70 billion (equivalent
     dengan AS$4,75 juta) sehingga total piutang usaha          to US$4.75 million) hence total of trade receivables in
     pada saat restrukturisasi sebesar AS$24,35 juta dan        accordance with restructuring amounting to
     pada 31 Desember 2025 dan 2024 masing-masing               US$24.35 million and as at December 31, 2025 and
     adalah sebesar AS$22,26 juta dan AS$23,03 juta             2024 amounting to US$22.26 million and US$23.03
     dikarenakan dampak valuasi.                                million, respectively, due to impact of valuation.

     Pada 31 Desember 2025, jumlah provisi atas piutang         As at December 31, 2025, total provision of trade
     usaha bagian tidak lancar adalah senilai AS$19,48          receivables non-current portion is US$19.48 million.
     juta. Sehingga, nilai piutang bagian tidak lancar          Therefore, trade receivables non-current portion
     setelah provisi adalah AS$2,78 juta (2024: AS$1,81         amounting to US$2.78 million (2024: US$1.81
     juta).                                                     million).

     Restrukturisasi piutang usaha Citilink                     Restructuring of Citilink trade receivables

     Pada     tanggal  6   Juli 2022,  Perusahaan               The Company signed an agreement with Citilink on
     menandatangani kesepakatan dengan Citilink untuk           July 6, 2022 for the settlement of trade receivables
     penyelesaian saldo piutang usaha per tanggal               outstanding as at December 31, 2021. The total trade
     31 Desember 2021. Nilai piutang usaha yang                 receivables agreed amounting to US$47.01 million
     disepakati adalah sebesar AS$47,01 juta dalam              with payment terms of 5 (five) years and a ballooning
     jangka waktu 5 (lima) tahun dengan skema                   scheme.
     ballooning.

     Pada tanggal 31 Desember 2025, nilai piutang usaha         As at December 31, 2025, trade receivables under
     dalam skema ballooning sudah dipindahkan ke                the ballooning scheme have been reclassified to
     bagian dari piutang usaha lancar dikarenakan akan          current portion of trade receivables as they will
     jatuh tempo kurang dari 1 tahun.                           mature in less than 1 year.




                                                           50

                                                                                                                              519
Page 520
                                                                                                                     The original consolidated financial statements
                                                                                                                      included herein are in Indonesian language.

                                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

                                      5.   PIUTANG USAHA (lanjutan)                                5.   TRADE RECEIVABLES (continued)

                                           Restrukturisasi piutang usaha Sriwijaya                      Restructuring of Sriwijaya trade receivables

                                           Sesuai dengan Putusan Pengadilan Niaga pada                  In accordance with Putusan Pengadilan Niaga of
                                           Pengadilan Negeri Jakarta Pusat No. 247/Pdt.Sus-             Pengadilan Negeri Jakarta Pusat No. 247/Pdt.Sus-
                                           PKPU/2022/PN Niaga Jkt.Pst tanggal 20 Juli 2023,             PKPU/2022/PN Niaga Jkt.Pst dated July 20, 2023,
                                           Grup dan Sriwijaya sepakat atas restrukturisasi              the Group and Sriwijaya agreed to restructure the
                                           piutang usaha. Jumlah piutang usaha Sriwijaya dan            trade receivables. The total of Sriwijaya’s and
                                           PT Nam Air yang direstrukturisasi adalah Rp652,43            PT Nam Air’s restructured trade receivables balance
                                           miliar atau setara dengan AS$38,88 juta                      is amounted to Rp652.43 billion or equivalent to
                                           (2024: AS$46,45 juta) dengan jangka waktu                    US$38.88 million (2024: US$46.45 million) with
                                           pembayaran 20 tahun dan tanpa bunga.                         payment terms of 20 years and with no interest.

                                           Grup telah membuat provisi penurunan nilai atas              The Group has established provisions for impairment
                                           kemungkinan tidak tertagihnya piutang usaha dari             related to the potential uncollectibility of business
                                           Sriwijaya dan PT Nam Air.                                    loans from Sriwijaya and PT Nam Air.


                                      6.   ASET KONTRAK                                            6.   CONTRACT ASSETS

                                           Rincian jumlah aset kontrak dari pelanggan adalah            Details of contract assets amounts from customers
                                           sebagai berikut:                                             are as follow:
Laporan Keuangan - Financial Report




                                                                                     2025                   2024
                                           Pihak berelasi (Catatan 29)                                                                  Related parties (Note 29)
                                                Aset kontrak                          55.217.936             31.460.495                       Contract assets
                                                Provisi atas penurunan nilai          (3.678.293)            (4.004.561)              Provision for impairment

                                                                                      51.539.643             27.455.934

                                           Pihak ketiga                                                                                               Third parties
                                                Aset kontrak                          16.673.907             16.033.606                       Contract assets
                                                Provisi atas penurunan nilai          (1.575.991)            (2.068.891)              Provision for impairment

                                                                                      15.097.916             13.964.715
                                                                                      66.637.559             41.420.649


                                           Manajemen berpendapat bahwa cadangan atas                    Management believes that the allowance for
                                           kerugian kredit ekspektasian atas aset kontrak               expected credit losses of contract assets is sufficient
                                           adalah cukup untuk menutupi penurunan nilai dari             to cover the impairment of contract assets.
                                           aset kontrak.

                                           Mutasi provisi penurunan nilai aset kontrak Grup             Movements in the Group’s provision for impairment of
                                           adalah sebagai berikut:                                      contract assets are as follows:

                                                                                     2025                   2024

                                           Pada awal tahun                             6.073.452              69.391.220                      At beginning of year
                                           Penambahan                                  2.840.640               1.568.603                                 Addition
                                           Pemulihan                                  (1.082.095)               (889.326)                                Reversal
                                           Penghapusan                                (2.577.713)            (63.997.045)                                Write-off

                                           Pada akhir tahun                            5.254.284               6.073.452                            At end of year




                                                                                               51

520
Page 521
                                                                               The original consolidated financial statements




                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                included herein are in Indonesian language.

                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

7.   PERSEDIAAN                                              7.   INVENTORIES

     Akun ini merupakan suku cadang pesawat dengan                This account represents aircraft spare parts with
     rincian sebagai berikut:                                     details as follows:

                                               2025                   2024




                                                                                                                                Operational Excellence For Reliable Aviation Services
     Suku cadang rotable                                                                           Rotable and repairable
         dan repairable                         64.662.273             32.788.774                          spare parts
     Suku cadang dan                                                                           Expendable spare parts and
         perlengkapan expendable                51.093.738             65.178.357                             supplies

                                               115.756.011              97.967.131
     Provisi atas penurunan nilai              (39.608.736)            (36.551.825)                Provision for impairment

                                                76.147.275             61.415.306


     Mutasi dari provisi atas penurunan nilai persediaan          Movement of provision for impairment of inventories
     adalah sebagai berikut:                                      is as follows:

                                               2025                   2024
     Pada awal tahun                            36.551.825              56.726.881                      At beginning of year
     Penambahan                                 11.762.556               4.497.685                                 Addition
     Pemulihan                                  (7.524.230)             (5.515.640)                                Reversal
     Penghapusan                                (1.181.415)            (19.157.101)                                Write-off

     Pada akhir tahun                           39.608.736             36.551.825                             At end of year


     Biaya persediaan yang diakui sebagai beban untuk             The cost of inventories recognised as expense for
     tahun yang berakhir 31 Desember 2025 dan 2024                the year ended December 31, 2025 and 2024 are
     masing-masing adalah sebesar AS$128,1 juta                   US$128.1 million and US$104.0 million, respectively.
     dan AS$104,0 juta.

     Pada tanggal 31 Desember 2025 dan 2024,                      As at December 31, 2025 and 2024, management
     manajemen melakukan pengujian atas penurunan                 performed an impairment assessment on inventory
     nilai persediaan dengan mempertimbangkan                     value considering obsolete and slow moving items
     persediaan usang dan bergerak lambat di samping              besides net realisable value of inventories.
     nilai realisasi neto. Manajemen berpendapat bahwa            Management believes that the allowance for decline
     penyisihan penurunan nilai persediaan tersebut               in inventory value is adequate to cover losses on
     adalah cukup untuk menutup kerugian yang timbul              inventory value.
     dari penurunan nilai persediaan.

     Pada tanggal 31 Desember 2025 dan 2024,                      As at December 31, 2025 and 2024, inventories of
     persediaan Grup telah diasuransikan kepada                   the Group were insured with PT Asuransi Tugu
     PT Asuransi Tugu Pratama Indonesia, entitas yang             Pratama Indonesia, a government-related entity,
     berelasi dengan pemerintah, terhadap risiko                  against fire, theft and other possible risks under pool
     kebakaran,   pencurian,   dan   risiko    lainnya            policies with a total sum insured amounting to
     berdasarkan suatu paket polis dengan nilai                   US$250 million, respectively. Management believes
     pertanggungan       masing-masing        sebesar             that the insurance coverage is adequate to cover
     AS$250 juta. Manajemen berpendapat bahwa nilai               possible losses on the inventories insured.
     pertanggungan tersebut cukup untuk menutup
     kemungkinan kerugian atas persediaan yang
     dipertanggungkan.




                                                           52

                                                                                                                                521
Page 522
                                                                                                                                                             The original consolidated financial statements
                                                                                                                                                              included herein are in Indonesian language.

                                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                                                            (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                                                             Unless Otherwise Stated)

                                      8.   UANG MUKA DAN BEBAN DIBAYAR DI MUKA                                                  8.     ADVANCES AND PREPAID EXPENSES

                                                                                                              2025                            2024


                                           Uang muka pembelian                                                  34.489.514                         30.278.791                              Advances for purchases
                                           Deposit pajak                                                         5.241.160                                  -                                          Tax deposit
                                           Uang muka pegawai                                                     2.321.005                          2.063.110                              Advances for employees
                                           Lain-lain (masing-masing                                                                                                                            Others (each below
                                                di bawah AS$1.000.000)                                                66.474                           119.618                                  US$1,000,000)

                                                                                                                42.118.153                      32.461.519
                                           Bagian lancar                                                       (40.760.416)                    (31.569.882)                                          Current portion

                                           Bagian tidak lancar                                                    1.357.737                            891.637                                  Non-current portion


                                           Uang     muka     untuk   pembelian    terutama                                             Advances for purchases primarily represent
                                           mencerminkan pembayaran yang dilakukan kepada                                               payments made to subcontractors and suppliers in
                                           subkontraktor dan pemasok terkait instalasi dan                                             relation to the installation and maintenance of cabin
                                           pemeliharaan renovasi kabin, serta mesin dan                                                refurbishments, as well as engine and general
                                           kontrak pemeliharaan umum.                                                                  maintenance contracts.

                                           Deposit pajak merupakan saldo restitusi pajak yang                                          Tax deposits represent refundable tax balances
                                           tersedia dalam sistem perpajakan dan dapat                                                  available within the tax administration system and will
Laporan Keuangan - Financial Report




                                           digunakan oleh Grup untuk melakukan penyelesaian                                            be utilized by the Group to offset future tax liabilities.
                                           atas kewajiban pajak di periode mendatang


                                      9.   ASET TETAP                                                                           9.     FIXED ASSETS
                                                                                                                             2025

                                                                         1 Januari/        Penambahan/      Pengurangan/        Reklasifikasi/           Revaluasi/          31 Desember/
                                                                       January 1, 2025      Additions        Deductions        Reclassifications         Revaluation       December 31, 2025

                                           Biaya perolehan                                                                                                                                                  Acquisition cost
                                           Kepemilikan langsung:                                                                                                                                            Directly owned:
                                           Tanah                                      -      329.738.764                -                        -                   -           329.738.764                            Land
                                           Bangunan dan prasarana            61.789.132                -          (38.694)               3.221.310          (3.271.918 )          61.699.830      Building and improvements
                                           Suku cadang rotable              102.411.044                -                -                        -                   -           102.411.044              Rotable spare parts
                                           Peralatan dan                                                                                                                                                    Warehouse tools
                                                perlengkapan bengkel        116.801.466        1.341.556                -                1.388.251                     -         119.531.273           and equipments
                                           Peralatan kantor dan                                                                                                                                            Office equipments
                                                komputer                     35.184.431          187.615                -                   84.012                     -          35.456.058            and computers
                                           Perbaikan aset sewa                  226.326                -                -                                                            226.326       Leasehold improvements
                                           Aset dalam konstruksi              3.414.116        2.789.896          (33.118)              (4.693.573)                    -           1.477.321      Building and improvements

                                                                            319.826.515      334.057.831          (71.812)                         -        (3.271.918)          650.540.616



                                           Akumulasi penyusutan                                                                                                                                   Accumulated depreciation
                                           Kepemilikan langsung:                                                                                                                                             Directly owned:
                                           Bangunan dan prasarana            (1.312.662)      (3.854.437)          2.902                           -        4.716.382               (447.815)      Building and improvement
                                           Suku cadang rotable              (56.410.010)      (4.703.967)              -                           -                -            (61.113.977)             Rotable spare parts
                                           Peralatan dan                                                                                                                                                    Warehouse tools
                                                perlengkapan bengkel        (85.611.502)      (3.998.001)               -                          -                   -         (89.609.503)          and equipments
                                           Peralatan kantor dan                                                                                                                                            Office equipments
                                                komputer                    (27.172.194)      (1.159.813)               -                          -                   -         (28.332.007)           and computers
                                           Perbaikan aset sewa                 (226.326)               -                -                          -                                (226.326)       Leasehold improvements

                                                                           (170.732.694)     (13.716.218)          2.902                           -        4.716.382           (179.729.628)

                                           Nilai tercatat                   149.093.821                                                                                          470.810.988               Carrying amount




                                                                                                                               53

522
Page 523
                                                                                                                        The original consolidated financial statements




                                                                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                         included herein are in Indonesian language.

                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                                                             (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                                                              Unless Otherwise Stated)

9.   ASET TETAP (lanjutan)                                                                 9.     FIXED ASSETS (continued)
                                                                                       2024

                                   1 Januari/          Penambahan/      Pengurangan/       Reklasifikasi/           Revaluasi/          31 Desember/
                                 January 1, 2024        Additions        Deductions       Reclassifications         Revaluation       December 31, 2024

     Biaya perolehan                                                                                                                                                 Acquisition cost
     Kepemilikan langsung:                                                                                                                                           Directly owned:
     Bangunan dan prasarana            37.839.364         25.745.956               -                          -        (1.796.188 )          61.789.132    Building and improvements
     Suku cadang rotable              102.411.044                  -               -                          -                 -           102.411.044            Rotable spare parts




                                                                                                                                                                                          Operational Excellence For Reliable Aviation Services
     Peralatan dan                                                                                                                                                   Warehouse tools
          perlengkapan bengkel        116.063.702           737.764                -                          -                   -         116.801.466          and equipments
     Peralatan kantor dan                                                                                                                                           Office equipments
          komputer                     35.120.153             64.278               -                          -                   -          35.184.431           and computers
     Perbaikan aset sewa                  226.326                  -               -                          -                   -             226.326     Leasehold improvements
     Aset dalam konstruksi                825.662          2.588.454               -                          -                   -           3.414.116     Assets under construction

                                      292.486.251         29.136.452               -                          -        (1.796.188)          319.826.515



     Akumulasi penyusutan                                                                                                                                  Accumulated depreciation
     Kepemilikan langsung:                                                                                                                                            Directly owned:
     Bangunan dan prasarana            (1.908.601)        (1.898.469)              -                          -        2.494.408             (1.312.662)    Building and improvements
     Suku cadang rotable              (51.430.130)        (4.979.880)              -                          -                -            (56.410.010)            Rotable spare parts
     Peralatan dan                                                                                                                                                    Warehouse tools
          perlengkapan bengkel        (81.407.179)        (4.204.323)              -                          -                   -         (85.611.502)          and equipments
     Peralatan kantor dan                                                                                                                                            Office equipments
          komputer                    (25.758.497)        (1.413.697)              -                          -                   -         (27.172.194)           and computers
     Perbaikan aset sewa                 (226.326)                 -               -                          -                   -            (226.326)     Leasehold improvements

                                     (160.730.733)       (12.496.369)              -                          -        2.494.408           (170.732.694)

     Nilai tercatat                   131.755.518                                                                                           149.093.821             Carrying amount



     Pada tanggal 29 Desember 2025, PT Angkasa Pura                                               On December 29, 2025, PT Angkasa Pura Indonesia
     Indonesia (Persero) (“API”) melakukan transaksi                                              (Persero) conducted an inbreng transaction
     inbreng atas kepemilikan lahan dari API kepada                                               transferring ownership of Land from API to the
     Perusahaan sebagai bentuk partisipasi Penambahan                                             Company as a form of participation in the Company's
     Modal dengan Hak Memesan Efek Terlebih Dahulu II                                             Additional Capital with Preemptive Rights II
     (“PMHMETD II”).                                                                              (“PMHMETD II”).

     Pada tanggal 30 Desember 2024, PT Garuda                                                     On 30 December 2024, PT Garuda Indonesia
     Indonesia (Persero) Tbk (“Garuda”) melakukan                                                 (Persero) Tbk (“Garuda”) conducted an inbreng
     transaksi inbreng atas kepemilikan Hangar dan                                                transaction transferring ownership of a Hangar and
     bangunan Annex dari PT Garuda Indonesia                                                      the Annex building from Garuda to the Company as a
     (Persero) kepada Perusahaan sebagai bentuk                                                   form of participation in the Company's Additional
     partisipasi Penambahan Modal dengan Hak                                                      Capital with Preemptive Rights (“PMHMETD”).
     Memesan Efek Terlebih Dahulu (“PMHMETD”).

     Untuk tahun yang berakhir pada tanggal                                                       For the year ended December 31, 2025 and 2024,
     31 Desember 2025 dan 2024, beban penyusutan                                                  depreciation expenses amounting to US$13.72
     masing-masing sebesar AS$13,72 juta dan                                                      million and US$12.50 million, respectively, are
     AS$12,50 juta seluruhnya dibebankan sebagai                                                  charged to depreciation expenses.
     beban penyusutan.

     Aset dalam konstruksi terdiri dari:                                                          Assets under construction consist of the following:

                                                                                   2025

                                                                                           Persentase                 Estimasi
                                        Nilai tercatat/                                   penyelesaian/             penyelesaian/
                                          Carrying               Nilai kontrak/           Percentage of             Estimated of
                                           amount                Contract value            completion                completion

      Bangunan                                       500.956               589.326                      85%        November/                                                Building
                                                                                                                     November 2026
      Peralatan dan
           perlengkapan                                                                                                                                       Warehouse tools
           bengkel                                   976.365             1.094.108                      89%        Juli/July 2026                          and equipments

                                               1.477.321                 1.683.434




                                                                                          54

                                                                                                                                                                                          523
Page 524
                                                                                                                                 The original consolidated financial statements
                                                                                                                                  included herein are in Indonesian language.

                                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                             CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                                                        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
                                                   (Dinyatakan dalam Dolar AS,                                                 (Expressed in US Dollars,
                                                     Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

                                      9.   ASET TETAP (lanjutan)                                             9.   FIXED ASSETS (continued)

                                                                                                     2024

                                                                                                             Persentase         Estimasi
                                                                     Nilai tercatat/                        penyelesaian/     penyelesaian/
                                                                       Carrying        Nilai kontrak/       Percentage of     Estimated of
                                                                        amount         Contract value        completion        completion

                                            Bangunan dan prasarana         2.323.466        5.658.429                 41%        Juli/July 2025         Building and improvements
                                            Peralatan dan
                                                 perlengkapan                                                                                                    Warehouse tools
                                                 bengkel                   1.090.650        1.204.633                 91%       Mei/May 2025                  and equipments

                                                                           3.414.116        6.863.062



                                           Pada tanggal 31 Desember 2025 dan 2024, Grup                           As at December 31, 2025 and 2024, the Group has
                                           mempunyai aset tetap yang telah disusutkan penuh                       fixed assets which are fully depreciated but are still
                                           tetapi masih digunakan dengan harga perolehan                          being used with acquisition cost amounting to
                                           masing-masing sebesar AS$106,63 juta dan                               US$106.63 million and US$103.79 million,
                                           AS$103,79 juta.                                                        respectively.

                                           Pada tanggal 31 Desember 2025, tidak terdapat aset                     As at December 31, 2025, no fixed assets that are
                                           tetap yang tidak dipakai untuk sementara waktu,                        temporarily out of use, discontinued from active use,
                                           dihentikan      dari   penggunaan      aktif     atau                  or classified as held for sale. As at December 31,
Laporan Keuangan - Financial Report




                                           diklasifikasikan sebagai tersedia untuk dijual. Pada                   2025, the Group did not have any significant
                                           tanggal 31 Desember 2025, Grup tidak memiliki                          contractual commitments for the acquisition fixed
                                           komitmen kontraktual yang signifikan dalam                             assets (2024: US$4.32 million)
                                           perolehan aset tetap (2024: AS$4,32 juta)

                                           Aset    tetap     telah    diasuransikan      kepada                   Fixed    assets      have   been      insured       with
                                           PT Asuransi Tri Pakarta terhadap risiko kebakaran,                     PT Asuransi Tri Pakarta against the risks of fire, theft
                                           pencurian dan risiko lainnya sebagai berikut:                          and other risks as follows:

                                                                                              2025                     2024
                                           Jumlah tercatat aset tetap                                                                                         Carrying amount of
                                               yang diasuransikan                              78.951.858               70.196.032                      insured fixed assets
                                           Jumlah pertanggungan asuransi                                                                                       Total sum insured
                                               Rupiah (dalam AS$ ekuivalen)                   106.156.703               82.256.644                Rupiah (in US$ equivalent)

                                           Manajemen berpendapat nilai pertanggungan                              Management believes that the insurance coverage is
                                           tersebut cukup untuk menutup kemungkinan                               adequate to cover possible losses on the assets
                                           kerugian atas aset yang dipertanggungkan.                              insured.

                                           Total nilai tercatat aset tetap berupa bangunan dan                    The total carrying amount of fixed assets, such as
                                           prasarana, peralatan dan perlengkapan bengkel, dan                     building and improvements, warehouse tools and
                                           suku cadang rotable sebesar AS$72,77 juta                              equipment, and rotable spare parts amounting to
                                           digunakan         sebagai        jaminan     kepada                    US$72.77 million is used as collateral to
                                           PT Bank Negara Indonesia (Persero) Tbk                                 PT Bank Negara Indonesia (Persero) Tbk (Note 12).
                                           (Catatan 12).




                                                                                                            55

524
Page 525
                                                                                    The original consolidated financial statements




                                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                     included herein are in Indonesian language.

                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  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
             (Dinyatakan dalam Dolar AS,                                          (Expressed in US Dollars,
               Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)

9.   ASET TETAP (lanjutan)                                         9.   FIXED ASSETS (continued)

     Aset tetap yang dinyatakan dengan nilai wajar                      Fixed assets carried at revalued amount

     Penilaian atas nilai wajar aset tetap berupa                       The revaluation of buildings and improvements as at
     bangunan dan prasarana pada tanggal 31 Desember                    December 31, 2025, was performed by independent
     2025 dilakukan oleh penilai independen, KJPP                       appraisers, KJPP Karmanto & Rekan as stated in




                                                                                                                                     Operational Excellence For Reliable Aviation Services
     Karmanto & Rekan dalam laporannya tertanggal 24                    report dated February 24, 2026. The independent
     Februari 2026. Penilai independen Setyo Budi                       appraiser Setyo Budi Legowo, STP., MAPPI (Cert) is
     Legowo, STP., MAPPI (Cert) tersebut telah                          registered in OJK. The appraisal method used is the
     teregistrasi di OJK. Metode penilaian yang                         cost approach.
     digunakan adalah pendekatan biaya.

     Selisih nilai wajar aset dengan nilai tercatat dikurangi           The difference between the fair value and carrying
     dengan pajak tangguhan, dibukukan pada                             amount of the assets net of deferred tax, was
     penghasilan komprehensif lain dan diakumulasi                      recorded in other comprehensive income and
     dalam ekuitas pada bagian “Surplus revaluasi aset                  accumulated in equity as “Surplus on revaluation of
     tetap”.                                                            fixed asset”.

     Jika bangunan dan prasarana diukur menggunakan                     If building and improvements had been measured on
     nilai historis, nilai tercatat aset tetap tersebut adalah          a historical cost basis, the asset’s carrying amount
     sebesar AS$53,84 juta pada tanggal 31 Desember                     would have been US$53,84 million as at December
     2025 (2024: AS$54,11 juta).                                        31, 2025 (2024: US$54.11 million).


10. UTANG USAHA                                                    10. TRADE PAYABLES

                                                    2025                    2024
     Pihak berelasi (Catatan 29)                                                                        Related Parties (Note 29)
          Bagian lancar                                5.950.907              4.865.365                       Current portion
          Bagian tidak lancar                          2.110.480              2.635.490                  Non-current portion

                                                       8.061.387              7.500.855
     Pihak ketiga                                                                                                   Third parties
          Bagian lancar                              68.976.889              59.854.571                      Current portion
          Bagian tidak lancar                         5.129.262               8.743.176                   Non-current portion

                                                     74.106.151              68.597.747

                                                     82.167.538              76.098.602


     Utang usaha berdasarkan mata uang asal terdiri dari:               Trade payables based on their original currencies
                                                                        consist of the following:

                                                    2025                    2024

     Dolar AS                                        65.700.598              56.863.619                                US Dollars
     Rupiah                                          15.372.066              16.906.366                                   Rupiah
     Lainnya                                          1.094.874               2.328.617                                   Others

                                                     82.167.538              76.098.602




                                                                 56

                                                                                                                                     525
Page 526
                                                                                                                     The original consolidated financial statements
                                                                                                                      included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      10. UTANG USAHA (lanjutan)                                     10. TRADE PAYABLES (continued)

                                         Utang usaha terutama merupakan utang kepada                    Trade payables mainly represent the outstanding
                                         pemasok lokal dan asing untuk pembelian                        liabilities to local and foreign suppliers for purchases
                                         persediaan.                                                    of inventories.

                                         Pada tanggal 31 Desember 2025 dan 2024, utang                  As at December 31, 2025 and 2024, the Group's
                                         usaha jangka panjang grup merupakan utang usaha                long-term trade payables represent trade payables to
                                         kepada       beberapa     pemasok       yang      telah        several vendors that have been restructured based
                                         direstrukturisasi berdasarkan negosiasi dengan                 on negotiations with the respective vendors.
                                         masing-masing pemasok. Selisih antara nilai wajar              The difference between fair value and the book value
                                         dan nilai tercatat utang yang direstrukturisasi dicatat        of the restructured trade payables was recorded in
                                         pada laporan laba rugi konsolidasian untuk tahun               the consolidated statement of profit or loss for the
                                         yang berakhir tahun 2025 sebesar AS$0,12 juta                  year ended 2025 amounting to US$0.12 million
                                         (2024: AS$0,81 juta).                                          (2024: US$0.81 million).

                                         Pada tanggal 31 Desember 2025 dan 2024,                        As at December 31, 2025 and 2024, the amortisation
                                         amortisasi dampak restrukturisasi utang masing-                of the impact of debt restructuring amounting to
                                         masing sebesar AS$0,79 juta dan AS$1 juta dicatat              US$0.79 million and US$1 million, respectively, was
                                         sebagai bagian dari ”Beban/(penghasilan) lain-lain,            recorded as part of “Other expenses/(income), net” in
                                         neto” pada laporan laba rugi konsolidasian tahun               the 2025 consolidated statement of profit or loss.
                                         2025.
Laporan Keuangan - Financial Report




                                         Tidak ada penghasilan dari restrukturisasi utang               There is no income from restructuring of trade
                                         usaha yang tidak jadi ditagihkan oleh pemasok                  payables which was cancelled by vendors in 2025
                                         selama tahun 2025 (2024: AS$0,69 juta).                        (2024: US$0.69 million).


                                      11. AKRUAL                                                     11. ACCRUALS

                                                                                      2025                  2024

                                         Pembelian persediaan dan jasa                  31.295.427            30.540.577      Purchase of inventories and services
                                         Imbalan kerja                                  13.934.911            10.480.550                      Employees benefits
                                         Penalti dari kontrak                            5.918.421             6.400.000                    Penalty from contracts
                                         Biaya emisi                                     2.511.715                     -                     Share issuance costs
                                         Konsultan                                       2.091.240               226.030                            Consultant fee
                                         Sewa dan konsesi                                1.973.828             1.597.512                    Rental and concession
                                         Lain-lain (masing-masing                                                                             Others (each below
                                              di bawah AS$1.000.000)                     1.446.786             1.836.786                       US$1,000,000)

                                                                                        59.172.328            51.081.455


                                         Lihat Catatan 29 untuk informasi mengenai pihak                Refer to Note 29 for details of related parties’
                                         berelasi.                                                      information.




                                                                                                   57

526
Page 527
                                                                                 The original consolidated financial statements




                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                  included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                    12. LONG-TERM BANK BORROWINGS (continued)

                                                 2025                   2024

   Entitas berelasi dengan Pemerintah                                                             Government related entities
        PT Bank Negara Indonesia                                                               PT Bank Negara Indonesia
            (Persero) Tbk ("BNI")                174.792.815            184.427.816             (Persero) Tbk ("BNI")
        PT Bank Rakyat Indonesia                                                               PT Bank Rakyat Indonesia




                                                                                                                                  Operational Excellence For Reliable Aviation Services
            (Persero) Tbk ("BRI")                125.325.232            130.545.333             (Persero) Tbk ("BRI")

   Pihak ketiga                                                                                                 Third parties
       PT Bank Maybank Indonesia Tbk                                                     PT Bank Maybank Indonesia Tbk
           (“Maybank”)                            33.094.762             34.701.893                     ("Maybank")
       PT Indonesia Infrastructure                                                            PT Indonesia Infrastructure
            Finance (“IIF”)                       24.649.435             26.205.011                   Finance (“IIF”)
       PT Bank CTBC Indonesia                                                                  PT Bank CTBC Indonesia
            (“CTBC”)                              14.918.881             15.342.672                        (“CTBC”)

                                                 372.781.125            391.222.725

   Bagian jatuh tempo dalam satu tahun           (20.891.815)           (20.004.877)                        Current maturities
   Bagian jangka panjang - setelah
       dikurangi bagian jatuh                                                                        Long-term portion - net of
       tempo dalam satu tahun                    351.889.310            371.217.848                     current maturities


   BNI                                                            BNI

   a.    Fasilitas   kredit  investasi: Pembiayaan                a.    Investment credit facility: Finance development
         pengembangan kemampuan dan penambahan                          capability and increase capacity for aircraft
         kapasitas perawatan pesawat                                    maintenance

         Pada tanggal 28 April 2016, Grup memperoleh                    On April 28, 2016, the Group obtained an
         fasilitas kredit investasi sebesar AS$42.000.000,              investment credit facility with a maximum
         yang jatuh tempo pada tanggal 28 April 2021.                   amount of US$42,000,000, due on April 28,
         Pada tanggal 16 Juli 2020, fasilitas ini                       2021. On July 16, 2020, the facility was extended
         diperpanjang hingga 27 April 2022.                             to April 27, 2022.

         Pada     tanggal     24    Juni    2021,   Grup                On June 24, 2021, the Group signed an
         menandatangani         Persetujuan    Perubahan                Amendment of Restructuring Credit Facility with
         Perjanjian Kredit Restrukturisasi dengan BNI                   BNI, which revised certain terms and conditions
         yang mengubah beberapa syarat dan kondisi                      of the loan including a new schedule of
         dari pinjaman termasuk jadwal pembayaran                       repayments starting in July 2022, with a final
         yang baru mulai di Juli 2022 dengan batas akhir                maturity in May 2023. The overall amended
         pelunasan di Mei 2023. Fasilitas ini dikenakan                 facilities were borne at a fixed interest rate of 3%
         suku bunga tetap sebesar 3% per tahun sampai                   per annum up to June 2022 and at a floating
         dengan Juni 2022 dan suku bunga                                interest rate of three-month LIBOR plus 3.5% per
         mengambang LIBOR tiga bulanan ditambah                         annum from July 2022 until the facility becomes
         3,5% per tahun dari Juli 2022 sampai dengan                    due.
         jatuh tempo fasilitas.

         Pada tanggal 23 Oktober 2018, Grup                             On October 23, 2018, the Group obtained a
         memperoleh fasilitas kredit modal kerja sebesar                working capital loan facility with a maximum
         AS$73.000.000, yang jatuh tempo pada tanggal                   amount of US$73,000,000, due on October 23,
         23 Oktober 2026 dengan suku bunga                              2026 at a floating interest rate of three-month
         mengambang sebesar LIBOR tiga bulanan                          LIBOR plus 3.05% per annum.
         ditambah 3,05% per tahun.




                                                             58

                                                                                                                                  527
Page 528
                                                                                                                     The original consolidated financial statements
                                                                                                                      included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                  12. LONG-TERM BANK BORROWINGS (continued)

                                         BNI (lanjutan)                                                 BNI (continued)

                                         a.   Fasilitas   kredit  investasi:    Pembiayaan              a.   Investment credit facility: Finance development
                                              pengembangan kemampuan dan penambahan                          capability and increase capacity for aircraft
                                              kapasitas perawatan pesawat (lanjutan)                         maintenance (continued)

                                              Pada tanggal 4 Agustus 2022, Grup                              On August 4, 2022, the Group signed an
                                              menandatangani      perjanjian restrukturisasi                 restructuring agreement with BNI, that
                                              dengan BNI yang merestrukturisasi fasilitas                    restructured investment credit facility amounting
                                              kredit investasi sebesar AS$42.000.000 dan                     to US$42,000,000 and working capital
                                              modal kerja sebesar AS$73.000.000 menjadi                      amounting US$73,000,000 to a long-term loan
                                              pinjaman jangka panjang Term Loan I dengan                     facilities Term Loan I with certain terms and
                                              beberapa syarat dan kondisi dari pinjaman                      conditions of the loan including a new schedule
                                              termasuk jadwal pembayaran dengan batas                        of repayments with a final maturity of December
                                              akhir pelunasan di Desember 2035. Fasilitas ini                2035. The overall amended facilities were borne
                                              dikenakan suku bunga tetap sebesar 3% per                      at a fixed interest rate of 3% per annum until the
                                              tahun sampai dengan jatuh tempo fasilitas dan                  facility became due and a maximum amount of
                                              nilai maksimum sebesar AS$77.122.695.                          US$77,122,695.

                                              Sehubungan dengan perjanjian ini, Grup                         In relation to this agreement, the Group has to
                                              diwajibkan memenuhi rasio keuangan cakupan                     comply with financial ratio of which is the
Laporan Keuangan - Financial Report




                                              utang minimal 100%. Pada 31 Desember 2025                      minimum debt service coverage ratio of 100%.
                                              dan 2024, Grup telah memenuhi batasan yang                     As at December 31, 2025 and 2024, the Group
                                              diwajibkan dalam perjanjian pinjaman tersebut.                 has complied with the covenant as required in
                                                                                                             the borrowing agreement.

                                              Tidak ada indikasi bahwa Grup mungkin                          There is no indication that the Group may
                                              mengalami     kesulitan   dalam     mematuhi                   experience difficulty in complying with the
                                              persyaratan ketika persyaratan tersebut akan                   requirements when they are next tested at the
                                              diuji berikutnya pada tanggal pelaporan                        reporting date of December 31, 2026.
                                              31 Desember 2026.

                                              Pada tanggal 31 Desember 2025 dan 2024, nilai                  As at December 31, 2025 and 2024, carrying
                                              tercatat pinjaman adalah masing-masing                         amounts of the borrowings amounted to
                                              sebesar AS$68.961.551 dan AS$72.750.377.                       amounted     to     US$68,961,551     and
                                                                                                             US$72,750,377, respectively.

                                         b.   Fasilitas kredit investasi:    Pembiayaan                 b.   Investment credit facility: Financing construction
                                              pembangunan hanggar dan peralatan hanggar                      for hangar and hangar equipment

                                              Pada tanggal 31 Mei 2013, Grup memperoleh                      On May 31, 2013, the Group obtained an
                                              fasilitas kredit investasi yang jatuh tempo pada               investment credit facility with maturity date of
                                              tanggal 26 November 2025, dengan nilai                         November 26, 2025 with a maximum amount of
                                              maksimum sebesar Rp490.000.000.000 dan                         Rp490,000,000,000         and    US$6,000,000.
                                              AS$6.000.000. Fasilitas kredit ini ditujukan untuk             The credit facility is intended to finance the
                                              pembiayaan pembangunan hanggar baru dan                        construction of a new hangar and hangar
                                              peralatan hanggar.                                             equipment.




                                                                                                   59

528
Page 529
                                                                              The original consolidated financial statements




                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                 12. LONG-TERM BANK BORROWINGS (continued)

   BNI (lanjutan)                                                BNI (continued)

   b.   Fasilitas  kredit investasi:  Pembiayaan                 b.   Investment credit facility: Financing construction
        pembangunan hanggar dan peralatan hanggar                     for hangar and hangar equipment (continued)
        (lanjutan)




                                                                                                                               Operational Excellence For Reliable Aviation Services
        Pada     tanggal    24    Juni   2021,    Grup                On June 24, 2021, the Group signed an
        menandatangani       Persetujuan    Perubahan                 Amendment of Restructuring Credit Facility with
        Perjanjian Kredit Restrukturisasi dengan BNI                  BNI, which revised certain terms and conditions
        yang mengubah beberapa syarat dan kondisi                     of the loan including a new schedule of
        dari pinjaman termasuk jadwal pembayaran                      repayments starting in July 2022 with a final
        yang baru mulai di Juli 2022 dengan batas akhir               maturity of December 2026. The overall
        pelunasan di Desember 2026. Fasilitas ini                     amended facilities were borne at a fixed interest
        dikenakan suku bunga tetap sebesar 3% per                     rate of 3% per annum up to June 2022 and at a
        tahun sampai dengan Juni 2022 dan suku bunga                  floating interest rate of three-month LIBOR plus
        mengambang masing-masing LIBOR tiga                           3.5% and fixed interest rate 4.75% per annum
        bulanan ditambah 3,5% dan suku bunga tetap                    for US$ loan from July 2022 until the facility
        4,75% per tahun untuk pinjaman AS$ dari Juli                  becomes due, respectively.
        2022 sampai dengan jatuh tempo fasilitas.

        Pada tanggal 4 Agustus 2022, Grup                             On August 4, 2022, the Group has signed an
        menandatangani      perjanjian    restrukturisasi             restructuring agreement with BNI, that
        dengan BNI yang merestrukturisasi fasilitas                   restructured investment credit facility amounting
        kredit investasi sebesar AS$31.591.164 dan                    to US$31,591,164 and US$6,000,000 to a long-
        AS$6.000.000 menjadi pinjaman jangka panjang                  term loan facilities Term Loan II with certain
        Term Loan II dengan beberapa syarat dan                       terms and conditions of the loan including a new
        kondisi dari pinjaman termasuk jadwal                         schedule of repayments with a final maturity of
        pembayaran dengan batas akhir pelunasan di                    December 2035. The overall amended facilities
        Desember 2035. Fasilitas ini dikenakan suku                   were borne at a fixed interest rate of 3% per
        bunga tetap sebesar 3% per tahun sampai                       annum until the facility becomes due and a
        dengan jatuh tempo fasilitas dan nilai maksimum               maximum amount of US$20,541,115.
        sebesar AS$20.541.115.

        Sehubungan dengan perjanjian ini, Grup                        In relation to this agreement, the Group has to
        diwajibkan memenuhi rasio keuangan cakupan                    comply with financial ratio which minimum debt
        utang minimal 100%. Pada 31 Desember 2025                     service coverage ratio of 100%. As at December
        dan 2024, Grup telah memenuhi batasan yang                    31, 2025 and 2024, the Group has complied with
        diwajibkan dalam perjanjian pinjaman tersebut.                the covenant as required in the borrowing
                                                                      agreement.

        Tidak ada indikasi bahwa Grup mungkin                         There is no indication that the Group may
        mengalami     kesulitan   dalam     mematuhi                  experience difficulty in complying with the
        persyaratan ketika persyaratan tersebut akan                  requirements when they are next tested at the
        diuji berikutnya pada tanggal pelaporan                       reporting date of December 31, 2026.
        31 Desember 2026.

        Pada tanggal 31 Desember 2025 dan 2024, nilai                 As at December 31, 2025 and 2024, carrying
        tercatat pinjaman adalah masing-masing                        amount of borrowings amounted US$18,043,561
        sebesar AS$18.043.561 dan AS$19.004.703.                      and US$19,004,703, respectively.




                                                            60

                                                                                                                               529
Page 530
                                                                                                                     The original consolidated financial statements
                                                                                                                      included herein are in Indonesian language.

                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                      12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                 12. LONG-TERM BANK BORROWINGS (continued)

                                         BNI (lanjutan)                                                BNI (continued)

                                         c.   Restrukturisasi pinjaman jangka pendek dan               c.   Restructuring short-term loan and factoring
                                              liabilitas anjak piutang                                      liabilities

                                              Pada     tanggal     24    Juni   2021,    Grup               On June 24, 2021, the Group signed an
                                              menandatangani          Adendum       Perjanjian              Addendum Restructuring Agreement with BNI
                                              Restrukturisasi       dengan      BNI      yang               that restructured US$30,000,000 working capital
                                              merestrukturisasi fasilitas kredit modal kerja                credit facility and non-cash facility in the form of
                                              sebesar AS$30.000.000 dan fasilitas non-tunai                 Omnibus Sight Usance, UPAS LC and SKBDN
                                              berupa Omnibus Sight Usance, UPAS LC dan                      from BNI with a maximum amount of
                                              SKBDN dari BNI dengan jumlah maksimum                         US$67,500,000 to a long-term loan with certain
                                              fasilitas sebesar AS$67.500.000 menjadi                       terms and conditions of the loan including a new
                                              pinjaman jangka panjang dengan beberapa                       schedule of repayments starting in July 2022
                                              syarat dan kondisi dari pinjaman termasuk                     with a final maturity of November 2027. The
                                              jadwal pembayaran yang baru mulai di Juli 2022                overall amended facilities were borne at a fixed
                                              dengan batas akhir pelunasan di November                      interest rate of 3% per annum up to June 2022
                                              2027. Fasilitas ini dikenakan suku bunga tetap                and at a floating interest rate of three-month
                                              sebesar 3% per tahun sampai dengan Juni 2022                  LIBOR plus 2.75% and three-month LIBOR plus
                                              dan suku bunga mengambang masing-masing                       3.5% per annum from July 2022 until the facility
                                              LIBOR tiga bulanan ditambah 2,75% dan LIBOR                   becomes due, respectively.
Laporan Keuangan - Financial Report




                                              tiga bulanan ditambah 3,5% per tahun dari Juli
                                              2022 sampai dengan jatuh tempo fasilitas.

                                              Pada tanggal 4 Agustus 2022, Grup                             On August 4, 2022, the Group has signed an
                                              menandatangani      perjanjian    restrukturisasi             restructuring agreement with BNI, that
                                              dengan BNI yang merestrukturisasi fasilitas                   restructured working capital credit facility of
                                              kredit modal kerja sebesar AS$30.000.000 dan                  US$30,000,000 and non-cash facility in the form
                                              fasilitas non-tunai berupa Omnibus Sight                      of Omnibus Sight Usance, UPAS LC and
                                              Usance, UPAS LC dan SKBDN sebesar                             SKBDN of US$67,448,998 million to a long-term
                                              AS$67.448.998 menjadi pinjaman jangka                         loan facilities Term Loan III with certain terms
                                              panjang Term Loan III dengan beberapa syarat                  and conditions of the loan including a new
                                              dan kondisi dari pinjaman termasuk jadwal                     schedule of repayments with a final maturity of
                                              pembayaran dengan batas akhir pelunasan di                    December 2035. The overall amended facilities
                                              Desember 2035. Fasilitas ini dikenakan suku                   were borne at a fixed interest rate of 3% per
                                              bunga tetap sebesar 3% per tahun sampai                       annum until the facility became due and a
                                              dengan jatuh tempo fasilitas dan nilai maksimum               maximum amount of US$97,448,998.
                                              sebesar AS$97.448.998.

                                              Sehubungan dengan perjanjian ini, Grup                        In relation to this agreement, the Group
                                              diwajibkan memenuhi rasio keuangan cakupan                    has to comply with financial ratio which minimum
                                              utang minimal 100%. Pada 31 Desember 2025                     debt service coverage ratio of 100%. As at
                                              dan 2024, Grup telah memenuhi batasan yang                    December 31, 2025 and 2024, the Group has
                                              diwajibkan dalam perjanjian pinjaman tersebut.                complied with the covenant as required in the
                                                                                                            borrowing agreement.

                                              Tidak ada indikasi bahwa Grup mungkin                         There is no indication that the Group may
                                              mengalami     kesulitan   dalam     mematuhi                  experience difficulty in complying with the
                                              persyaratan ketika persyaratan tersebut akan                  requirements when they are next tested at the
                                              diuji berikutnya pada tanggal pelaporan                       reporting date of December 31, 2026.
                                              31 Desember 2026.

                                              Pada tanggal 31 Desember 2025 dan 2024, nilai                 As at December 31, 2025 and 2024, carrying
                                              tercatat pinjaman adalah masing-masing                        amounts      of borrowings amounted      to
                                              sebesar AS$87.787.703 dan AS$92.672.736.                      US$87,787,703       and    US$92,672,736,
                                                                                                            respectively.




                                                                                                  61

530
Page 531
                                                                                 The original consolidated financial statements




                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                  included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                        (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)

12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                  12. LONG-TERM BANK BORROWINGS (continued)

   BNI (lanjutan)                                                 BNI (continued)

   c.    Restrukturisasi pinjaman jangka pendek dan               c.    Restructuring short-term loan and factoring
         liabilitas anjak piutang (lanjutan)                            liabilities (continued)




                                                                                                                                  Operational Excellence For Reliable Aviation Services
         Semua fasilitas pinjaman BNI yang disebutkan                   All of the above-mentioned BNI loan facilities are
         di atas dijamin dengan aset tetap yang dibiayai                secured with fixed assets financed by these
         melalui fasilitas ini (Catatan 9).                             facilities (Note 9).

         Pada tanggal 15 September 2023 melalui Surat                   On September 15, 2023 through Letter No.
         No. COB3/5/567, BNI telah memberikan                           COB3/5/567, BNI has given approval for the
         persetujuan untuk proses pengikatan jaminan                    collateral binding process with a paripassu
         dengan porsi paripassu terkait dengan                          portion related to the BRI Credit Agreement
         perjanjian kredit BRI Adendum III Perjanjian                   Addendum III Credit Agreement No. 26 dated
         Kredit No. 26 tanggal 29 Desember 2023 (lihat                  December 29, 2023 (see Note 12 - BRI).
         Catatan 12 - BRI).

   BRI                                                            BRI

   a.    Fasilitas kredit modal kerja                             a.    Working capital credit facilities

         Pada tanggal 20 Mei 2020, Grup memperoleh                      On May 20, 2020, the Group obtained
         restrukturisasi untuk dua fasilitas kredit modal               restructuring for two working capital credit
         kerja dari BRI, dengan jumlah maksimum                         facilities from BRI, with a maximum amount of
         sebesar AS$50.993.901 dan AS$39.465.026                        US$50,993,901 and US$39,465,026 and a
         dan jatuh tempo pada tanggal 31 Mei 2024.                      maturity date on May 31, 2024.

         Pada    tanggal    29    Juni     2021,     Grup               On June 29, 2021, the Group signed an
         menandatangani        Adendum          Perjanjian              Addendum Restructuring Agreement with
         Restrukturisasi dengan BRI yang mengubah                       BRI, which revised certain terms and
         beberapa syarat dan kondisi dari pinjaman                      conditions       of the loan          including the
         termasuk jumlah maksimum fasilitas menjadi                     maximum facilities of US$47,168,901 and
         masing-masing        AS$47.168.901           dan               US$36,502,526, respectively and a new
         AS$36.502.526 dan jadwal pembayaran yang                       schedule of repayments starting in 2023 with a
         baru mulai di tahun 2023 dengan batas akhir                    final maturity in 2030. The overall amended
         pelunasan di tahun 2030. Fasilitas ini dikenakan               facilities were borne at a fixed interest rate of 3%
         suku bunga tetap sebesar 3% per tahun sampai                   per annum up to December 2022 and at 3.75%
         dengan Desember 2022 dan 3,75% per tahun                       per annum until the facilities due.
         sampai dengan jatuh tempo fasilitas.

         Pada tanggal 30 Desember 2022, Grup telah                      On December 30, 2022, the group received
         menerima surat pemberitahuan putusan                           notification letter regarding the redetermination
         mengenai penetapan kembali bunga fasilitas                     of interest on credit facilities. This facility borne a
         kredit. Fasilitas ini dikenakan suku bunga tetap               fixed interest rate of 3% per annum starting from
         sebesar 3% per tahun yang berlaku mulai                        January 2023 until the maturity due of the
         Januari 2023 sampai dengan jatuh tempo                         facilities.
         fasilitas.

         Pada tanggal 10 April 2023, Grup telah                         As at April 10, 2023, Group received offering
         menerima surat penawaran kredit nomor R.II.82-                 letter of credit with number R.II.82-
         CRO/COD/LAD/04/2023, Grup tidak lagi                           CRO/COD/LAD/04/2023, the Group has not
         memiliki kewajiban untuk memenuhi rasio                        obtained waiver for the financial ratio covenants.
         keuangan.




                                                             62

                                                                                                                                  531
Page 532
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

                                      12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                12. LONG-TERM BANK BORROWINGS (continued)

                                         BRI (lanjutan)                                               BRI (continued)

                                         a.   Fasilitas kredit modal kerja (lanjutan)                 a.   Working capital credit facilities (continued)

                                              Pada tanggal 29 Desember 2023, Grup                          On December 29, 2023, the Group signed an
                                              menandatangani Adendum III Perjanjian Kredit                 Addendum III Credit Agreement No. 26 with BRI,
                                              No. 26 dengan BRI atas fasilitas kredit modal                for working capital credit facilities with maximum
                                              kerja dengan jumlah maksimum fasilitas                       facilities of US$47,168,901 and US$36,502,526
                                              AS$47.168.901 dan AS$36.502.526 serta                        and long-term loan with the maximum facility of
                                              pinjaman jangka panjang dengan jumlah                        US$62,000,000 which new schedule of
                                              maksimum fasilitas AS$62.000.000 dengan                      repayments started in 2023 with a final maturity
                                              jadwal pembayaran dimulai di tahun 2023                      in 2035. This facility bears a fixed interest rate of
                                              dengan batas akhir pelunasan di tahun 2035.                  3% per annum until May 2030, interest rate of
                                              Fasilitas ini dikenakan suku bunga tetap sebesar             June 2030 until December 2035 will be adjusted
                                              3% per tahun sampai dengan Mei 2030, suku                    to the prevailing interest rate at the bank.
                                              bunga Juni 2030 sampai dengan Desember
                                              2035 akan disesuaikan dengan suku bunga
                                              yang berlaku di bank.

                                              Adendum perjanjian restrukturisasi ini juga                  The addendum restructuring agreement also
                                              menyatakan bahwa Grup akan memberikan                        stated that the Group will pledge collateral for
Laporan Keuangan - Financial Report




                                              jaminan terkait fasilitas tersebut yang bersifat             these facilities which are cross-collateral with
                                              cross collateral dengan fasilitas kredit dari                credit facilities from other creditors who have
                                              kreditur lain yang memiliki hak pari-passu (BRI,             pari-passu rights (BRI, BNI, Maybank, CTBC,
                                              BNI, Maybank, CTBC, dan IIF). Hal ini disetujui              and IIF). This have been approved on the
                                              dalam Rapat Umum Pemegang Saham pada                         General Meeting of Shareholders as at
                                              28 Juni 2024.                                                June 28, 2024.

                                              Pada tanggal 31 Desember 2025 dan 2024, nilai                As at December 31, 2025 and 2024 carrying
                                              tercatat pinjaman adalah masing-masing                       amounts      of borrowings amounted     to
                                              sebesar AS$71.894.864 dan AS$75.138.124.                     US$71,894,864       and    US$75,138,124,
                                                                                                           respectively.

                                         b.   Restrukturisasi pinjaman jangka pendek dan              b.   Restructuring short-term loan and factoring
                                              liabilitas anjak piutang                                     liabilities

                                              Pada      tanggal  29    Juni    2021,     Grup              On June 29, 2021, the Group signed an
                                              menandatangani        Adendum        Perjanjian              Addendum Restructuring Agreement with BRI
                                              Restrukturisasi     dengan       BRI       yang              that restructured Kredit Modal Kerja Impor
                                              merestrukturisasi Kredit Modal Kerja Impor                   (“KMKI”), and Penangguhan Jaminan Impor
                                              (“KMKI”) dan Penangguhan Jaminan Impor                       (“PJI”) in the form of Surat Kredit Berdokumen
                                              (“PJI”) dalam bentuk Surat Kredit Berdokumen                 Dalam Negeri (“SKBDN”), Letter of Credit (“LC”),
                                              Dalam Negeri (“SKBDN”), Letter of Credit (“LC”),             Sight/Usance/Usance Payable at Sight (“UPAS”)
                                              Sight/Usance/Usance Payable at Sight (“UPAS”)                and Standby Letter of Credit (“SBLC”) amounting
                                              dan Standby Letter of Credit (“SBLC”) sebesar                to US$28,000,000 million and Supply Chain
                                              AS$28.000.000 dan Supply Chain Financing                     Financing (“SCF”) with a maximum facility
                                              (“SCF”) dengan fasilitas maksimum sebesar                    amount of US$34,000,000 million to a long-term
                                              AS$34.000.000 juta menjadi pinjaman jangka                   loan with certain terms and conditions of the loan
                                              panjang dengan beberapa syarat dan kondisi                   including the maximum facility of US$62,000,000
                                              dari pinjaman termasuk jumlah maksimum                       million and a new schedule of repayments
                                              fasilitas menjadi AS$62.000.000 dan jadwal                   starting in 2023 with a final maturity in 2030.
                                              pembayaran yang baru mulai di tahun 2023
                                              dengan batas akhir pelunasan di tahun 2030.




                                                                                                 63

532
Page 533
                                                                              The original consolidated financial statements




                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                12. LONG-TERM BANK BORROWINGS (continued)

   BRI (lanjutan)                                               BRI (continued)

   b.   Restrukturisasi pinjaman jangka pendek dan              b.   Restructuring short-term loan and factoring
        liabilitas anjak piutang                                     liabilities




                                                                                                                               Operational Excellence For Reliable Aviation Services
        Secara keseluruhan fasilitas yang telah                      The overall amended facilities were borne at a
        diperbarui ini dikenakan suku bunga tetap                    fixed interest rate of 3% per annum up to
        sebesar 3% per tahun sampai dengan                           December 2022 and at 3.75% per annum until
        Desember 2022 dan 3,75% per tahun sampai                     the facility became due.
        dengan jatuh tempo.

        Pada tanggal 30 Desember 2022, Grup telah                    On December 30, 2022, the group received
        menerima surat pemberitahuan putusan                         notification letter regarding the redetermination
        mengenai penetapan kembali bunga fasilitas                   of interest on credit facilities. This facility borne a
        kredit. Fasilitas ini dikenakan suku bunga tetap             fixed interest rate of 3% per annum starting from
        sebesar 3% per tahun mulai periode Januari                   January 2023 until the maturity due of the facility.
        2023 sampai dengan jatuh tempo fasilitas.

        Pada tanggal 31 Desember 2025 dan 2024, nilai                As at December 31, 2025 and 2024, carrying
        tercatat pinjaman adalah masing-masing                       amounts      of borrowings amounted      to
        sebesar AS$53.430.368 dan AS$55.407.209                      US$53,430,368       and    US$55,407,209,
                                                                     respectively.

   Maybank                                                      Maybank

   Pada tanggal 6 Juli 2020, Grup memperoleh                    On July 6, 2020, the Group obtained restructurisation
   restrukturisasi fasilitas kredit dengan skema                of credit facility with musyarakah scheme from short
   musyarakah dari pinjaman jangka pendek menjadi               term loan to long term loan, with a maximum amount
   pinjaman jangka panjang, dengan jumlah maksimum              of US$37,273,000 and a maturity date of July 20,
   sebesar AS$37.273.000 dan jatuh tempo pada                   2023 at a fixed rate of 4.5% per annum. On August
   tanggal 20 Juli 2023 dengan suku bunga tetap                 19, 2021, the Group signed an Addendum Facility
   sebesar 4,5% per tahun. Pada tanggal 19 Agustus              Agreement with Maybank, which revised certain
   2021, Grup menandatangani Adendum Perjanjian                 terms and conditions of the loan, including a new
   Fasilitas dengan Maybank yang mengubah beberapa              schedule of repayments with a final maturity in July
   syarat dan kondisi dari pinjaman termasuk jadwal             2027.
   pembayaran dengan batas akhir pelunasan di Juli
   2027.

   Pada tanggal 19 Juli 2022, Grup menandatangani               On July 19, 2022, Group has signed Addendum for
   Adendum Perjanjian Fasilitas dengan Maybank yang             Credit Facility with Maybank, which revised certain
   mengubah beberapa syarat dan kondisi dari                    terms and conditions of the loan including a new
   pinjaman termasuk jadwal pembayaran dengan                   schedule of repayments with a final maturity in
   batas akhir pelunasan di Desember 2035. Fasilitas            December 2035. The overall facilities were borne at a
   ini dikenakan suku bunga tetap sebesar 2,5% per              fixed interest rate of 2.5% per annum until December
   tahun sampai Desember 2027. Kenaikan 0,25% per               2027. Increase 0.25% per annum each year until the
   tahun untuk setiap tahun sampai dengan tanggal               facilities become due.
   jatuh tempo.

   Sehubungan dengan perjanjian ini, Grup diwajibkan            In relation to this agreement, the Group has to comply
   memenuhi rasio keuangan: (a) rasio lancar minimal            with the following financial ratios: (a) minimum current
   1 kali; (b) rasio utang dengan modal maksimal 3 kali;        ratio of one times; (b) maximum debt to equity ratio of
   (c) rasio cakupan utang minimal 100%.                        3 times; and (c) minimum debt service coverage ratio
                                                                of 100%.




                                                           64

                                                                                                                               533
Page 534
                                                                                                                 The original consolidated financial statements
                                                                                                                  included herein are in Indonesian language.

                                                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                  (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)

                                      12. PINJAMAN BANK JANGKA PANJANG (lanjutan)              12. LONG-TERM BANK BORROWINGS (continued)

                                         Maybank (lanjutan)                                         Maybank (continued)

                                         Pada tanggal 31 Desember 2024, Grup                        On December 31, 2024, the Group obtained the letter
                                         mendapatkan   surat   dari   Maybank untuk                 from Maybank to waive the financial ratio until
                                         mengesampingkan kewajiban pemenuhan rasio                  December 2025.
                                         keuangan sampai Desember 2025.

                                         Tidak ada indikasi bahwa Grup mungkin mengalami            There is no indication that the Group may experience
                                         kesulitan dalam mematuhi persyaratan ketika                difficulty in complying with the requirements when
                                         persyaratan tersebut akan diuji berikutnya pada            they are next tested at the reporting date of December
                                         tanggal pelaporan 31 Desember 2026.                        31, 2026.

                                         Pada tanggal 29 Agustus 2023 melalui Surat No.             On August 29, 2023, through Letter No.
                                         S.2023.110/MBI/DIR GLOBAL, Maybank telah                   S.2023.110/MBI/DIR GLOBAL, Maybank has given
                                         memberikan persetujuan untuk proses pengikatan             approval for the collateral binding process with a
                                         jaminan dengan porsi paripassu terkait dengan              paripassu portion related to the BRI Credit Agreement
                                         perjanjian kredit BRI Adendum III Perjanjian Kredit        Addendum III Credit Agreement No. 26 dated
                                         No. 26 tanggal 29 Desember 2023 (lihat Catatan 12          December 29, 2023 (see Note 12 - BRI).
                                         - BRI).

                                         Pada tanggal 31 Desember 2025 dan 2024, nilai              As at December 31, 2025 and 2024 carrying amounts
Laporan Keuangan - Financial Report




                                         tercatat pinjaman adalah masing-masing sebesar             of borrowings amounted to US$33,094,762 and
                                         AS$33.094.762 dan AS$34.701.893.                           US$34,701,893, respectively.

                                         IIF                                                        IIF

                                         Pada tanggal 24 September 2018, Grup memperoleh            On September 24, 2018, the Group obtained a
                                         fasilitas kredit modal kerja dari IIF dengan nilai         working capital credit facility from IIF, with a maximum
                                         maksimum sebesar AS$35.000.000, yang jatuh                 amount of US$35,000,000, a maturity date period
                                         tempo pada tanggal 23 September 2021. Pada                 until September 23, 2021. On October 16, 2020, the
                                         tanggal 16 Oktober 2020, Grup memperpanjang                Group extended the maturity date to December 24,
                                         tanggal jatuh tempo hingga 24 Desember 2022.               2022.

                                         Pada     tanggal 6 September 2021, Grup                    On September 6, 2021, the Group signed an
                                         menandatangani Adendum Perjanjian Fasilitas                Addendum Facility Agreement with IIF, which revised
                                         dengan IIF yang mengubah beberapa syarat dan               certain terms and conditions of the loan including a
                                         kondisi dari pinjaman termasuk jadwal pembayaran           new schedule of repayments with a final maturity in
                                         dengan batas akhir pelunasan di Juli 2026 dengan           July 2026 with floating interest rate of LIBOR plus
                                         suku bunga mengambang LIBOR ditambah 3,5% per              3.5% per annum and to waive the financial ratio
                                         tahun serta mengesampingkan kewajiban memenuhi             covenants until the loan due date.
                                         rasio keuangan sampai fasilitas jatuh tempo.

                                         Pada     tanggal 1 September 2022, Grup                    On September 1, 2022, the Group signed an
                                         menandatangani Adendum Perjanjian Fasilitas                Addendum Facility Agreement with IIF, which revised
                                         dengan IIF yang mengubah beberapa syarat dan               certain terms and conditions of the loan including a
                                         kondisi dari pinjaman termasuk jadwal pembayaran           new schedule of repayments with a final maturity in
                                         dengan batas akhir pelunasan di Desember 2035              December 2035 with floating interest rate of LIBOR
                                         dengan suku bunga mengambang LIBOR ditambah                plus 3.5% per annum.
                                         3,5% per tahun.

                                         Pada tanggal 15 Mei 2023, Grup mendapatkan                 On May 15, 2023, the Group received a interest rate
                                         perubahan suku bunga Perjanjian Fasilitas dengan           change of the Facility Agreement with IIF to SOFR
                                         IIF menjadi SOFR ditambah Credit Adjustment                plus Credit Adjustment Spread (CAS) 0.1148% plus
                                         Spread (CAS) 0,1148% ditambah margin 3,5%.                 a margin of 3.5%.




                                                                                               65

534
Page 535
                                                                           The original consolidated financial statements




                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                                                            included herein are in Indonesian language.

                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                  (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)

12. PINJAMAN BANK JANGKA PANJANG (lanjutan)              12. LONG-TERM BANK BORROWINGS (continued)

   IIF (lanjutan)                                             IIF (continued)

   Sehubungan dengan perjanjian ini, Grup diwajibkan          In relation to this agreement, the Group has to comply
   memenuhi rasio cakupan utang minimal 125%.                 with the financial ratio which minimum debt service
   Grup mendapatkan pengesampingan kewajiban                  coverage ratio of 125%. The Group has obtained




                                                                                                                            Operational Excellence For Reliable Aviation Services
   pemenuhan rasio keuangan hingga 31 Desember                waiver for the financial ratio covenants until
   2028.                                                      December 31, 2028.

   Pada tanggal 30 Oktober 2023 melalui Surat                 On      October    30,    2023     through     Letter
   No. S.1829/X/IIF/2023, IIF telah memberikan                No. S.1829/X/IIF/2023, IIF has given approval for the
   persetujuan untuk proses pengikatan jaminan                collateral binding process with a paripassu portion
   dengan porsi paripassu terkait dengan perjanjian           related to the BRI Credit Agreement Addendum III
   kredit BRI Adendum III Perjanjian Kredit No. 26            Credit Agreement No. 26 dated December 29, 2023.
   tanggal 29 Desember 2023.

   Pada tanggal 31 Desember 2025 dan 2024, nilai              As at December 31, 2025 and 2024, carrying
   tercatat pinjaman adalah masing-masing sebesar             amounts of borrowings amounted to US$24,649,435
   AS$24.649.435 dan AS$26.205.011.                           and US$26,205,011, respectively.

   CTBC                                                       CTBC

   Pada    tanggal     17   Januari      2023,    Grup        On January 17, 2023, the Group signed an
   menandatangani Perjanjian Restrukturisasi dengan           Amendment Restructuring Agreement with CTBC,
   CTBC, dimana fasilitas tersebut direstrukturisasi          which the facility was restructured to a long-term loan
   menjadi pinjaman jangka panjang dengan jangka              with a final maturity date of 12 years until 2035. The
   waktu 12 tahun sampai dengan tahun 2035. Jumlah            total amount of restructured facility is amounting
   keseluruhan fasilitas yang telah direstrukturisasi         US$15,811,000. The overall amended facilities were
   sebesar AS$15.811.000. Fasilitas ini dikenakan suku        borne at a floating interest rate of one-month SOFR
   bunga mengambang SOFR satu bulanan ditambah                plus 0.5% per annum until December 2025, plus
   0,5% per tahun sampai Desember 2025, ditambah              1.0% per annum until December 2030 and plus
   1,0% per tahun sampai Desember 2030 dan                    1.25% per annum until December 2035.
   ditambah 1,25% per tahun sampai dengan
   Desember 2035.

   Sehubungan dengan perjanjian ini, Grup diwajibkan          In relation to this agreement, the Group has to comply
   memenuhi persyaratan keuangan EBITDA dengan                with financial covenant which positive EBITDA. The
   nilai  positif.  Grup     telah     mendapatkan            Group obtained waiver for the financial ratio
   pengesampingan kewajiban memenuhi rasio                    covenants until December 31, 2025.
   keuangan sampai 31 Desember 2025.

   Grup juga diwajibkan untuk memenuhi rasio atau             The Group also has to comply with the following
   persyaratan keuangan: (a) rasio utang (debt)               financial ratios and covenants: (a) maximum debt
   terhadap EBITDA maksimal 6 kali; (b) rasio cakupan         ratio to EBITDA of 6 times; (b) minimum debt service
   utang minimal 110%; (c) laba tahun berjalan dengan         coverage ratio of 110%; (c) minimum profit for the
   nilai minimal AS$15.000.000 (d) EBITDA tahun               year of US$15,000,000; (d) minimum EBITDA for the
   berjalan dengan nilai minimal AS$40.000.000; (e)           year of US$40,000,000; (e) minimum net cash flows
   arus kas neto yang diperoleh dari aktivitas operasi        generated from operating activities for the year of
   tahun berjalan dengan nilai minimal AS$25.000.000.         US$25,000,000. In January 2023, the Group
   Pada bulan Januari 2023, Grup telah mendapatkan            obtained waiver for the financial ratio covenants until
   pengesampingan kewajiban memenuhi rasio                    December 31, 2030.
   keuangan sampai 31 Desember 2030.




                                                         66

                                                                                                                            535
Page 536
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                   (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)

                                      12. PINJAMAN BANK JANGKA PANJANG (lanjutan)                 12. LONG-TERM BANK BORROWINGS (continued)

                                         CTBC (lanjutan)                                             CTBC (continued)

                                         Tidak ada indikasi bahwa Grup mungkin mengalami             There is no indication that the Group may experience
                                         kesulitan dalam mematuhi persyaratan ketika                 difficulty in complying with the requirements when
                                         persyaratan tersebut akan diuji pada tanggal                they are tested at the reporting date of December 31,
                                         pelaporan 31 Desember 2026.                                 2026.

                                         Pada tanggal 29 Agustus 2023 melalui Surat No.              On August 29, 2023 through Letter No.
                                         MKR/ECT/185/VIII/2023, CTBC telah memberikan                MKR/ECT/185/VIII/2023, CTBC has given approval
                                         persetujuan untuk proses pengikatan jaminan                 for the collateral binding process with a paripassu
                                         dengan porsi paripassu terkait dengan perjanjian            portion related to the BRI Credit Agreement
                                         kredit BRI Adendum III Perjanjian Kredit No. 26             Addendum III Credit Agreement No. 26 dated
                                         tanggal 29 Desember 2023 (lihat Catatan 12 - BRI).          December 29, 2023 (see Note 12 - BRI).

                                         Pada tanggal 31 Desember 2025 dan 2024, nilai               As at December 31, 2025 and 2024, carrying
                                         tercatat pinjaman adalah masing-masing sebesar              amounts of borrowings amounted to US$14,918,881
                                         AS$14.918.881 dan AS$15.342.672.                            and US$15,342,672, respectively.


                                      13. PERPAJAKAN                                              13. TAXATION
Laporan Keuangan - Financial Report




                                         a.   Pajak dibayar di muka                                  a.   Prepaid taxes

                                                                                  2025                    2024
                                              Pajak Penghasilan Badan:                                                                    Corporate Income Tax:
                                              Perusahaan                                                                                          The Company
                                                  Tahun 2025                         1.446.319                      -                             Year 2025
                                                  Tahun 2024                         1.285.358              1.285.358                             Year 2024
                                                  Tahun 2023                         1.558.064              1.558.064                             Year 2023
                                                  Tahun 2022                           591.970                851.193                             Year 2022
                                                  Tahun 2021                                 -              2.140.235                             Year 2021

                                                                                     4.881.711              5.834.850

                                              Entitas anak                                                                                            Subsidiary
                                                   Tahun 2025                         186.982                      -                               Year 2025
                                                   Tahun 2024                         404.551                404.551                               Year 2024
                                                   Tahun 2023                         506.751                506.751                               Year 2023

                                                                                     1.098.284               911.302
                                                                                     5.979.995              6.746.152
                                              Bagian jangka panjang                 (5.388.025)            (4.605.917)                        Non-current portion

                                              Bagian jangka pendek                    591.970               2.140.235                             Current portion


                                              Pajak lain-lain:                                                                                      Other taxes:
                                              Perusahaan                                                                                           The Company
                                                   Pajak Pertambahan
                                                       Nilai (“PPN”)                15.295.318             15.031.032            Value-Added Taxes (“VAT”)
                                              Entitas anak                                                                                        Subsidiaries
                                                   PPN                                   28.115                  10.715                               VAT

                                                                                    15.323.433             15.041.747
                                              Bagian jangka panjang                (13.513.127)           (10.724.972)                        Non-current portion

                                              Bagian jangka pendek                   1.810.306              4.316.775                             Current portion




                                                                                              67

536
Page 537
                                                                                The original consolidated financial statements




                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                 included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

13. PERPAJAKAN (lanjutan)                                     13. TAXATION (continued)

   b.   Utang pajak                                              b.   Taxes payable

                                              2025                    2024

        Pajak lain-lain:                                                                                          Other taxes:
        Perusahaan                                                                                             The Company




                                                                                                                                  Operational Excellence For Reliable Aviation Services
            Pasal 21                            4.510.962               7.183.066                               Article 21
            Pasal 23                              302.310                 659.376                               Article 23
            Pasal 4(2)                            186.515                 460.298                              Article 4(2)
            Pasal 26                               98.286                   6.039                               Article 26

                                                5.098.073               8.308.779

        Entitas anak                                                                                              Subsidiaries
            Pasal 21                            1.216.898                735.318                                Article 21
            Pasal 23                                2.168                  2.119                                Article 23
            Pasal 4(2)                              4.334                  1.440                               Article 4(2)
            PPN                                   973.391                696.284                                      VAT

                                                2.196.791               1.435.161
                                                7.294.864               9.743.940


   c.   Beban pajak penghasilan                                  c.   Income tax expense

                                              2025                    2024

        Beban pajak kini                                                                                Current tax expenses
           Entitas anak                                                                                       Subsidiary
               Tahun berjalan                        58.826                    355                        Current tax

        Beban pajak tangguhan                                                                          Deferred tax expenses
           Perusahaan                           6.700.933              (2.228.564)                         The Company
           Entitas anak                             4.298                  72.279                              Subsidiary

                                                6.764.057              (2.155.930)

        Beban pajak penghasilan                 6.764.057              (2.155.930)                       Income tax expense


        Rekonsiliasi     beban    pajak     penghasilan               Tax reconciliation of income tax expense
        diperhitungkan dengan mengalikan laba                         calculated by multiplying the consolidated
        konsolidasian sebelum pajak penghasilan                       income before tax using applicable tax rate and
        dengan tarif pajak yang berlaku dan beban pajak               income tax expenses consolidation is as follows:
        penghasilan konsolidasian adalah sebagai
        berikut:

                                              2025                    2024

        Laba konsolidasian sebelum                                                                        Consolidated profit
           pajak penghasilan                   40.731.802              24.744.115                      before income tax


        Ditambah/(dikurangi):                                                                                   Add/(deduct):
        Eliminasi konsolidasi                     187.968                    90.277                 Consolidation eliminations
        (Laba)/rugi sebelum pajak                                                                          (Profit)/loss before
            penghasilan - Entitas anak           (269.682)               (171.840)                income tax - Subsidiary

        Laba sebelum pajak                                                                                       Profit before
           penghasilan - Perusahaan            40.650.088              24.662.552              income tax - the Company




                                                          68

                                                                                                                                  537
Page 538
                                                                                                                     The original consolidated financial statements
                                                                                                                      included herein are in Indonesian language.

                                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      13. PERPAJAKAN (lanjutan)                                      13. TAXATION (continued)

                                         c.   Beban pajak penghasilan (lanjutan)                        c.   Income tax expense (continued)

                                              Rekonsiliasi      beban   pajak     penghasilan                Tax reconciliation of income tax expense
                                              diperhitungkan dengan mengalikan laba                          calculated by multiplying the consolidated
                                              konsolidasian sebelum pajak penghasilan                        income before tax using applicable tax rate and
                                              dengan tarif pajak yang berlaku dan beban pajak                income tax expenses consolidation is as follows:
                                              penghasilan konsolidasian adalah sebagai                       (continued)
                                              berikut: (lanjutan)

                                                                                     2025                    2024

                                              Beda temporer:                                                                              Temporary differences:
                                              Liabilitas imbalan kerja                   815.119                 (48.658)             Employee benefits liabiilities
                                              Penyusutan aset                                                                                     Depreciation of
                                                  hak-guna                            (13.795.537)               298.499                  right-of-use assets
                                              Penyusutan                                1.832.339              1.929.803                             Depreciation
                                              Pemulihan penurunan                                                                       Recovery for impairment
                                                  nilai aset kontrak                                                                       of contract assets
                                                  dan piutang                                    -              341.490                      and receivables

                                                                                      (11.148.079)             2.521.134
Laporan Keuangan - Financial Report




                                              Beda permanen:                                                                               Permanent differences:
                                              Beban yang tidak dapat
                                                 dikurangkan secara                                                                               Non-deductible
                                                 pajak                                26.006.077              23.286.028                            expenses
                                              Bagian atas (untung)/rugi                                                                    Share of net (gain)/loss
                                                 neto entitas anak                      (187.968)                (90.277)                        of subsidiary
                                              Penghasilan keuangan
                                                 yang dikenakan                                                                             Income subject to final
                                                 pajak final                            (801.724)               (679.516)                         income tax

                                                                                      25.016.385              22.516.235

                                              Taksiran laba fiskal -                                                                       Estimated tax income -
                                                 Perusahaan                           54.518.394              49.699.921                        the Company

                                              Pemanfaatan akumulasi                                                                      Utilization of accumulated
                                                 rugi fiskal                          54.518.394              49.699.921                              tax losses

                                              Beban pajak penghasilan kini                                                                   Current tax expenses
                                                 Perusahaan                                      -                    -                         The Company
                                                 Entitas anak                               58.826                  355                            Subsidiary

                                              Beban pajak penghasilan                                                                     Consolidated current tax
                                                 kini konsolidasian                         58.826                  355                             expenses


                                              Perhitungan pajak penghasilan kini dilakukan                   Current income tax computations are based on
                                              berdasarkan estimasi penghasilan kena pajak.                   estimated taxable income. The amounts may be
                                              Nilai tersebut mungkin disesuaikan saat SPT                    adjusted when annual tax returns are filed with
                                              tahunan disampaikan ke Direktorat Jenderal                     the Directorate General of Tax (“DGT”).
                                              Pajak (“DJP”).




                                                                                                69

538
Page 539
                                                                                                           The original consolidated financial statements




                                                                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                            included herein are in Indonesian language.

                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                                               (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                                                Unless Otherwise Stated)

13. PERPAJAKAN (lanjutan)                                                     13. TAXATION (continued)

   c.   Beban pajak penghasilan (lanjutan)                                               c.   Income tax expense (continued)

        Rekonsiliasi antara beban pajak penghasilan                                           The reconciliation between the income tax
        dengan jumlah pajak teoritis atas laba                                                expenses and the theoretical tax amount on the
        konsolidasian sebelum pajak penghasilan                                               consolidated profit before income tax is as




                                                                                                                                                                             Operational Excellence For Reliable Aviation Services
        adalah sebagai berikut:                                                               follows:

                                                             2025                             2024

        Laba konsolidasian sebelum                                                                                                          Consolidated profit
           pajak penghasilan                                   40.731.802                       24.744.115                               before income tax

        Pajak penghasilan dihitung
            dengan tarif pajak                                                                                                                   Income tax at
            yang berlaku                                         8.960.996                       5.443.705                                  applicable rate
        Penghasilan yang                                                                                                                     Income subject to
            dikenakan pajak final                                 (176.379)                        (149.494)                                       final tax
        Beban yang tidak dapat
            dikurangkan secara
            pajak/penghasilan                                                                                                       Non-deductible expense/
            tidak kena pajak                                     4.512.992                       5.122.926                           non-taxable income
        Pengakuan aset pajak
            tangguhan dari                                                                                                    Recognition of previously
            akumulasi rugi pajak                                                                                     unrecognized deferred tax from
            yang sebelumnya tidak diakui                        (8.397.318)                    (12.648.195)                   accumulated tax loss
        Pajak dibayar di muka
            yang dihapuskan                                          58.826                                      -                    Written-off prepaid tax
        Efek koreksi pajak tangguhan                                                                                                  Prior year deferred tax
            tahun sebelumnya                                       651.627                                       -                      correction effect
        Aset pajak tangguhan                                                                                                         Unrecognised deferred
            yang tidak diakui                                    1.153.313                            75.128                                  tax assets

        Beban pajak                                                                                                                       Consolidated income
           penghasilan konsolidasian                             6.764.057                      (2.155.930)                                  tax expenses


   d.   Aset pajak tangguhan                                                             d.   Deferred tax assets
                                                                                  2025

                                                                                             Dikreditkan/
                                                                                            (dibebankan)
                                                              Dikreditkan/                  pada laporan
                                                              (dibebankan)                  konsolidasian
                                                              pada laporan                  komprehensif
                                                                laba rugi                       lainnya/
                                                             konsolidasian/              Credited/(charged) to
                                      1 Januari/          Credited/(charged) to             consolidated             31 Desember/
                                      January 1,              consolidated                 comprehensive             December 31,
                                         2025                 profit or loss                    income                   2025

        Perusahaan                                                                                                                                       The Company
        Aset tetap                         (10.644.711)                 (1.636.728)                    (317.782)           (12.599.221)                    Fixed assets
                                                                                                                                                         Depreciation of
        Penyusutan aset hak guna            (6.162.529)                  4.258.325                           -              (1.904.204)        right-of-use assets
        Liabilitas sewa                      8.524.280                  (5.898.027)                          -               2.626.253                   Lease liabilities
        Liabilitas imbalan kerja             6.109.341                     172.225                     203.760               6.485.326      Employee benefits liabilities
        Akumulasi kerugian pajak            11.267.958                  (3.596.728)                          -               7.671.230       Tax losses carried forward

        Aset pajak
             tangguhan - neto                9.094.339                  (6.700.933)                    (114.022)             2.279.384         Deferred tax assets - net



        Entitas anak                                                                                                                                        Subsidiary
        Provisi atas                                                                                                                                       Provision for
              penurunan nilai aset                                                                                                          impairment of contract
              kontrak dan piutang              312.969                     (4.298)                               -            308.671      assets and receivables

        Aset pajak
             tangguhan - neto                9.407.308                 (6.705.231)                     (114.022)             2.588.055         Deferred tax assets - net




                                                                             70

                                                                                                                                                                             539
Page 540
                                                                                                                                                  The original consolidated financial statements
                                                                                                                                                   included herein are in Indonesian language.

                                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                                                (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)

                                      13. PERPAJAKAN (lanjutan)                                                      13. TAXATION (continued)

                                         d.   Aset pajak tangguhan (lanjutan)                                                   d.   Deferred tax assets (continued)
                                                                                                                         2024

                                                                                                                                     Dikreditkan/
                                                                                                                                    (dibebankan)
                                                                                                      Dikreditkan/                  pada laporan
                                                                                                     (dibebankan)                   konsolidasian
                                                                                                     pada laporan                   komprehensif
                                                                                                       laba rugi                       lainnya/
                                                                                                    konsolidasian/              Credited/(charged) to
                                                                            1 Januari/           Credited/(charged) to              consolidated              31 Desember/
                                                                            January 1,               consolidated                  comprehensive              December 31,
                                                                               2024                  profit or loss                    income                     2024

                                              Perusahaan                                                                                                                                         The Company
                                              Aset tetap                         (10.883.260)                    424.557                      (186.008)             (10.644.711)                   Fixed assets
                                                                                                                                                                                                 Depreciation of
                                              Penyusutan aset hak guna            (7.641.259)                   1.478.730                            -               (6.162.529)      right-of-use assets
                                              Liabilitas sewa                      9.937.340                   (1.413.060)                           -                8.524.280                  Lease liabilities
                                              Liabilitas imbalan kerja             6.100.252                      (10.705)                      19.794                6.109.341     Employee benefits liabilities
                                              Akumulasi kerugian pajak             9.518.916                    1.749.042                            -               11.267.958      Tax losses carried forward

                                              Aset pajak
                                                   tangguhan - neto                7.031.989                   2.228.564                      (166.214)               9.094.339        Deferred tax assets - net



                                              Entitas anak                                                                                                                                          Subsidiary
                                              Provisi atas                                                                                                                                        Provision for
                                                    penurunan nilai aset                                                                                                           impairment of contract
                                                    kontrak dan piutang              385.603                      (72.634)                              -              312.969     assets and receivables
Laporan Keuangan - Financial Report




                                              Aset pajak
                                                   tangguhan - neto                7.417.592                   2.155.930                      (166.214)               9.407.308        Deferred tax assets - net



                                              Pada tanggal 31 Desember 2025 dan 2024,                                                As of December 31, 2025 and 2024, the Group
                                              Grup memiliki estimasi rugi fiskal yang dapat                                          has an estimated tax losses carried forward,
                                              dikompensasi, yang tersedia untuk digunakan                                            which is available to offset against future taxable
                                              pada penghasilan kena pajak di masa depan                                              income for a period of five years from the year in
                                              dengan jangka waktu lima tahun dari tahun                                              which the loss was incurred as follows:
                                              ketika kerugian terjadi sebagai berikut:

                                                                                     Tahun                                Jumlah/Amount
                                                      `
                                                                                   kadaluarsa/
                                              Tahun fiskal                         Expiry year                    2025                         2024                                            Fiscal year
                                                      `

                                              Perusahaan                                                                                                                                    The Company
                                              2022                                       2027                      11.359.879                    12.388.048                                        2022
                                              2021                                       2026                      23.509.341                    30.646.312                                        2021
                                              2020                                       2025                               -                    53.096.088                                        2020
                                                                                                                   34.869.220                    96.130.448


                                         e.   Administrasi                                                                      e.   Administration

                                              Berdasarkan Undang-Undang Perpajakan yang                                              Under the taxation laws of Indonesia, each
                                              berlaku di Indonesia, tiap perusahaan di dalam                                         company within the Group submits tax returns
                                              Grup menghitung sendiri dan menyetorkan                                                on the basis of self assessment. The DGT may
                                              besarnya jumlah pajak yang terutang. DJP dapat                                         assess or amend taxes within five years of the
                                              menetapkan atau mengubah liabilitas pajak                                              time the tax becomes due.
                                              tersebut dalam batas waktu lima tahun sejak
                                              saat terutangnya pajak.




                                                                                                                    71

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Page 541
                                                                             The original consolidated financial statements




                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                                                                              included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

13. PERPAJAKAN (lanjutan)                                  13. TAXATION (continued)

   f.   Surat ketetapan pajak                                   f.   Tax assessment letters

        Tahun fiskal 2021                                            Fiscal year 2021

        Pada tanggal 29 Juli 2025, Perusahaan telah                  On July 29, 2025, the Company received




                                                                                                                              Operational Excellence For Reliable Aviation Services
        menerima pengembalian dari kantor pajak                      refunds based on Notice of Tax Overpayment
        berdasarkan Surat Keputusan Pengembalian                     Refund (“SKPKPP”) for Corporate Income Tax
        Kelebihan Pembayaran Pajak (“SKPKPP”) atas                   (“CIT”) year 2021 amounting to Rp17.03 bilion
        Pajak Penghasilan (“PPh”) Badan tahun fiskal                 (equivalent     to  AS$1.05      million)  after
        2021 sebesar Rp17,03 miliar (ekuivalen sebesar               compensated with Tax Collection Letter (“STP”)
        AS$1,05 juta) setelah dikurangi Surat Tagihan                of withholding tax (“WHT”) article 21 for year
        Pajak (“STP”) PPh pasal 21 tahun 2024, STP                   2024, STP of WHT article 21 for year 2023,
        PPh pasal 21 tahun 2023, Surat Ketetapan                     Notice of Tax Underpayment Assessment
        Pajak Kurang Bayar (“SKPKB”) PPN tahun                       (“SKPKB”) of VAT for year 2021, STP of VAT for
        2021, STP PPN tahun 2021 dan SKPKB PPh                       year 2021 and SKPKB of WHT article 23 for
        pasal 23 tahun 2021. Selisih antara jumlah yang              year 2021. The difference between amount
        disetujui dan dikembalikan oleh Kantor Pajak                 approved and refunded by the Tax Office
        sebesar Rp2,21 milliar (setara dengan AS$0,14                amounting to Rp2.21 billion (equivalent US$0.14
        juta) dicatat sebagai bagian dari "beban                     million) was recorded as part "operational
        operasional"    dalam    laporan     laba   rugi             expenses" in the 2025 consolidated statement of
        konsolidasian tahun 2025.                                    profit or loss.

        Pada tanggal 5 Agustus 2025, Perusahaan telah                On August 5, 2025, the Company received
        menerima pengembalian dari kantor pajak                      refunds from Tax Office based on SKPKPP VAT
        berdasarkan SKPKPP atas PPN masa                             period    December       2021   amounting     to
        Desember 2021 sebesar Rp69,75 miliar (setara                 Rp69.75 billion (equivalent US$4.28 million).
        dengan AS$4,28 juta). Selisih antara jumlah                  The difference between amount approved and
        yang disetujui dan dikembalikan oleh Kantor                  refunded by the Tax Office was recorded as part
        Pajak dicatat sebagai bagian dari "beban                     "operational expenses" in the 2025 consolidated
        operasional"    dalam   laporan   laba   rugi                statement of profit or loss.
        konsolidasian tahun 2025.

        Tahun fiskal 2022                                            Fiscal year 2022

        Pada tanggal 27 Januari 2026, Perusahaan                     On January 27, 2026, the Company received
        telah menerima Surat Ketetapan Pajak Lebih                   Tax Assessment Letter on Tax Overpayment
        Bayar ("SKPLB") untuk pajak penghasilan                      ("SKPLB") on Corporate Income Tax for fiscal
        badan tahun 2022 dan SKPLB untuk PPN masa                    year 2022 and SKPLB on Value-added Tax
        Desember 2022, masing-masing sebesar                         ("VAT") for the period December 2022,
        Rp14,03 miliar (setara AS$0,83 juta) dan                     respectively amounting to Rp14.03 billion
        Rp27,85 miliar (setara AS$1,65 juta).                        (equivalent to US$0.83 million) and Rp27.85
                                                                     billion (equivalent to US$1.65 million).

        Pada tanggal 23 Februari 2026, Perusahaan                    On February 23, 2026, the Company received
        menerima SKPKPP atas Pajak Penghasilan                       SKPKPP for Corporate Income Tax year 2022
        Badan tahun fiskal 2022 sebesar Rp14,03 miliar               amounting to Rp14.03 billion (equivalent to
        (setara   AS$0,83          juta)   yang     akan             US$0.83 million) that will be compensated
        dikompensasikan ke sejumlah Utang Pajak                      against several tax payables amounting to
        dengan total Rp5,68 miliar (setara $0,34 juta).              Rp5.68 billion (equivalent to US$0.34 million).
        Utang Pajak ini terdiri dari STP PPN tahun 2022,             These tax payables consist of the STP VAT year
        SKPKB PPN, SKPKB PPh Pasal 23 tahun 2022,                    2022, SKPKB VAT year 2022, SKPKB income
        SKPKB PPh Pasal 26 tahun 2022, STP PPh                       tax article 23 year 2022, SKPKB income tax
        Pasal 21 tahun 2025, dan STP PPh Unifikasi                   article 26 year 2022, STP income tax article 21
        tahun 2025 yang diterima pada 27 Januari 2026.               year 2025 and STP income tax unification year
                                                                     2025 which were received on January 27, 2026.




                                                           72

                                                                                                                              541
Page 542
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                      13. PERPAJAKAN (lanjutan)                                   13. TAXATION (continued)

                                         f.   Surat ketetapan pajak (lanjutan)                         f.   Tax assessment letters (continued)

                                              Tahun fiskal 2022 (lanjutan)                                  Fiscal year 2022 (continued)

                                              Pengembalian lebih bayar pajak PPh Badan                      The refund of overpayment Corporate Income
                                              yang akan diterima Perusahaan setelah                         Tax will be received by the Company after
                                              dikurangi utang pajak sebesar Rp8,35 miliar                   compensated with tax payables amounting to
                                              (setara dengan AS$0,49 juta yang akan                         Rp8.35 billion (equivalent to US$0.49 million)
                                              ditransfer ke akun deposit pajak). Selisih antara             which will be fully transferred to the tax deposit
                                              jumlah yang disetujui dan dikembalikan oleh                   account. The difference between the amount
                                              Kantor Pajak sebesar Rp5,68 miliar (setara                    approved and refunded by the Tax Office
                                              AS$0,34 juta) terdiri dari Rp4,05 miliar (setara              amounting to Rp5.68 billion (equivalent to
                                              AS$0,24 juta), yang diakui sebagai pengurang                  AS$0.34 million) consisted Rp4.05 billion
                                              pajak dibayar di muka tahun 2022, dan Rp1,63                  (equivalent to US$0.24 million), which was
                                              miliar (setara AS$97,5 ribu), yang diakui sebagai             recognized as deduction of prepaid tax for the
                                              bagian dari “Beban operasional” dalam laporan                 year 2022, and Rp1.63 billion (equivalent to
                                              laba rugi konsolidasian tahun 2025.                           US$97.5 thousand), which was recognised as
                                                                                                            part “Operational expenses” in the 2025
                                                                                                            consolidated statement of profit or loss.

                                              Pada tanggal 23 Februari 2026, Perusahan                      On Februari 23, 2026, the Company received
Laporan Keuangan - Financial Report




                                              menerima SKPKPP atas Pajak Pertambahan                        SKPKPP related Value-Added Tax (“VAT”)
                                              Nilai (“PPN”) masa Desember 2022 sebesar                      period December 2022 amoutning to Rp27.85
                                              Rp27,85 miliar (setara dengan AS$1,65 juta).                  billion (equivalent to US$1.65 million). After the
                                              Atas kelebihan pembayaran yang telah                          overpayment has been fully offset against tax
                                              diperhitungkan seluruhnya dengan utang pajak                  payables through SPMKP resulting in a nil
                                              melalui SPMKP sejumlah nihil, yang mana akan                  balance, will be fully remitted to the tax deposit
                                              disetorkan seluruhnya ke deposit pajak.                       account.

                                              Tahun fiskal 2023                                             Fiscal year 2023

                                              Pada tangal 16 September 2025, Perusahaan                     On September 16, 2025, the Company received
                                              menerima STP atas denda pajak terkait PPh                     STP for tax penalty related to WHT article 21
                                              pasal 21 tahun 2023 sebesar Rp2,23 miliar                     year 2023 amounting to Rp2.23 billion
                                              (setara dengan AS$135,94 ribu), yang sudah                    (equivalent to US$135.94 thousand), which has
                                              dibayarkan oleh Perusahaan melalui SKPKPP                     been paid by the Company through SKPKPP
                                              atas PPh pasal 21 tahun 2024 yang diterima                    related to WHT article 21 year 2024 that has
                                              pada bulan September dan Oktober 2025                         been received in September and October 2025
                                              sebesar Rp2,8 juta (setara dengan AS$170,11),                 amounting to Rp2.8 million (equivalent
                                              dan sisanya juga telah dibayarkan oleh                        US$170.11), and the remaining amount has also
                                              Perusahaan.                                                   been paid by the Company.




                                                                                                  73

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Page 543
                                                                              The original consolidated financial statements




                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

13. PERPAJAKAN (lanjutan)                                   13. TAXATION (continued)

   f.   Surat ketetapan pajak (lanjutan)                         f.   Tax assessment letters (continued)

        Tahun fiskal 2024                                             Fiscal year 2024

        Pada bulan Juli sampai September 2025,                        In July to September 2025, the Company




                                                                                                                               Operational Excellence For Reliable Aviation Services
        Perusahaan menerima STP atas denda pajak                      received STP for tax penalty related to WHT
        terkait PPh pasal 21 tahun 2024 sebesar Rp1,56                article 21 year 2024 amounting to Rp1.56 billion
        miliar (setara dengan AS$96,07 ribu), yang                    (equivalent US$96.07 thousand), which has
        sudah dibayarkan oleh Perusahaan melalui                      been paid by the Company through SKPKPP
        SKPKPP atas PPh Pasal 21 tahun 2024 yang                      related to WHT article 21 year 2024 that has
        diterima pada bulan Juli dan Agustus 2025                     been received in July and August 2025
        sebesar Rp682,69 juta (setara dengan                          amounting to Rp682.69 million (equivalent
        AS$41,93         ribu)    yang      seluruhnya                US$41.93 thousand) which is fully compensated
        dikompensasikan untuk STP PPh 21 tahun                        for STP income tax article 21 year 2024. After the
        2024. Atas kelebihan pembayaran yang telah                    overpayment has been fully offset against the tax
        diperhitungkan seluruhnya dengan utang pajak,                 payable, there is no remaining tax overpayment.
        tidak tersisa kelebihan pembayaran pajak.

        Selisih antara jumlah terutang atas STP dan                   The difference between the amount due on the
        STP yang telah dibayar melalui SKPKPP                         STP and STP that has been settled through
        sebesar Rp881,11 juta (setara dengan                          SKPKPP amounting to Rp881.11 million
        AS$54,13 ribu) telah dibayarkan oleh                          (equivalent to US$54.13 thousand) has been
        Perusahaan.                                                   paid by the Company.

   g.   Pajak penghasilan Pilar Dua                              g.   Pillar Two income taxes

        Aturan Pajak Minimum Global (Global Anti-base                 The Global Anti-Base Erosion ("Pillar 2") rules
        Erosion Rule atau model "Pilar 2") telah diadopsi             were adopted in Indonesia at the end of 2024
        di Indonesia pada akhir tahun 2024 dan berlaku                and are applicable starting January 1, 2025.
        mulai 1 Januari 2025. Berdasarkan aturan                      Under these rules, the Group is within the scope
        tersebut, Grup masuk dalam lingkup dan wajib                  and is required to apply the Pillar 2 provisions.
        menerapkan ketentuan Pilar 2. PMK (Peraturan                  PMK (Peraturan Menteri Keuangan or Ministry of
        Menteri Keuangan) No. 136/2024 mengenai                       Finance Regulation) No. 136/2024, which
        Pilar 2 telah disahkan dan secara substantif                  implements the Pillar 2 legislation, has been
        berlaku di Indonesia dan peraturan serupa juga                enacted in Indonesia, and similar legislation has
        sudah diberlakukan di beberapa yurisdiksi lain                also been enacted in several other jurisdictions
        tempat Grup beroperasi, dan telah berlaku                     in which the Group operates, effective for the
        efektif untuk tahun buku yang dimulai pada 1                  financial year beginning January 1, 2025.
        Januari 2025.

        Grup telah melakukan evaluasi atas potensi                    The Group has assessed its potential exposure
        eksposur terhadap pajak penghasilan Pilar 2                   to Pillar 2 income taxes based on the 2025
        sesuai Laporan per negara (Country by Country                 CbCR and financial information of the
        Report or "CbCR") dan informasi keuangan                      constituent entities within the Group. Based on
        tahun 2025 untuk entitas-entitas konstituen                   this assessment, the Group's simplified effective
        dalam Grup dan menetapkan bahwa tarif pajak                   tax rate is above 16%, and therefore the Group
        efektif yang disederhanakan Grup adalah di atas               qualifies for the Safe Harbour and is not required
        16% sehingga dapat menerapkan ketentuan                       to pay any top-up Pillar 2 income tax.
        Safe Harbour dan tidak perlu membayar pajak
        tambahan Pilar 2.




                                                            74

                                                                                                                               543
Page 544
                                                                                                                  The original consolidated financial statements
                                                                                                                   included herein are in Indonesian language.

                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                   (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)

                                      14. LIABILITAS IMBALAN KERJA                              14. EMPLOYEE BENEFIT LIABILITIES

                                         Grup menyediakan imbalan pasca-kerja berupa                 The Group provides post-employment defined
                                         program iuran pasti dan manfaat pasti dan imbalan           contribution plans, defined post-employment plans
                                         kerja jangka panjang lain untuk karyawan yang               and other long-term benefits covering its qualifying
                                         memenuhi persyaratan program.                               employees for each program.

                                         a.   Imbalan pascakerja                                     a.   Post-employment benefits

                                              Program iuran pasti                                         Defined contribution plan

                                              Grup menyelenggarakan program pensiun iuran                 The Group established a defined contribution
                                              pasti untuk seluruh karyawan tetapnya yang                  pension plan for all of its qualifying their
                                              memenuhi persyaratan. Program pensiun                       permanent employees. The pension plan is
                                              tersebut dikelola oleh Dana Pensiun Garuda                  managed by Dana Pensiun Garuda Indonesia
                                              Indonesia (“DPGA”), yang akta pendiriannya                  (“DPGA”), whose Deed of Establishment was
                                              telah disahkan oleh Menteri Keuangan Republik               approved by the Minister of Finance of the
                                              Indonesia dengan Surat Keputusan No.                        Republic of Indonesia in his Decision Letter No.
                                              KEP-403/KM.17/1999 tanggal 15 November                      KEP-403/KM.17/1999 dated 15 November 1999.
                                              1999. Iuran dana pensiun berjumlah sama                     The pension contributions are equivalent to 8%
                                              dengan 8% dari gaji dasar karyawan dimana                   of employees’ base salaries wherein 2% is
                                              sebesar 2% ditanggung karyawan dan sisanya                  assumed by the employees and the difference is
                                              ditanggung Grup.                                            assumed by the Group.
Laporan Keuangan - Financial Report




                                              Grup menyediakan imbalan pasca-kerja berupa                 The Group provides post-employment defined
                                              program iuran pasti dan manfaat pasti dan                   contribution plans, defined post-employment
                                              imbalan kerja jangka panjang lain untuk                     plans and other long-term benefits covering its
                                              karyawan yang memenuhi persyaratan program.                 qualifying employees for each program.

                                              Sesuai dengan amandemen Perjanjian Kerja                    In accordance with the amendments to the
                                              Bersama (“PKB”) dan Peraturan Grup (“PP”)                   Cooperation Employee Agreement (“PKB”) and
                                              pada tahun 2016. Grup menyelenggarakan                      the Group Regulation (“PP”) in 2016, the Group
                                              tambahan program pensiun iuran pasti. Oleh                  provides an additional defined contribution
                                              karena itu, Grup mengikutsertakan karyawannya               pension plan. Accordingly, the Group enrolled its
                                              dalam program pensiun iuran pasti yang dikelola             employees in the defined contribution pension
                                              Dana Pensiun Lembaga Keuangan (“DPLK”)                      program which is managed by Dana Pensiun
                                              BNI. Grup membayar kontribusi iuran sebesar                 Lembaga Keuangan (“DPLK”) BNI. The Group
                                              6% dari gaji dasar karyawan dan ditambah iuran              pays a contribution fee of 6% of employees’
                                              khusus untuk karyawan yang akan pensiun.                    basic    salaries     and    additional specific
                                                                                                          contributions for retiring employees.

                                              Untuk tahun yang berakhir pada tanggal                      For the year ended December 31, 2025 and
                                              31 Desember 2025 dan 2024, beban iuran pasti                2024, contribution expenses recognised
                                              yang diakui dalam beban pegawai masing-                     under employee expenses amounted to
                                              masing sebesar AS$4,04 juta dan AS$2,36 juta.               US$4.04 million and US$2.36 million,
                                                                                                          respectively.




                                                                                                75

544
Page 545
                                                                                  The original consolidated financial statements




                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                   included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

14. LIABILITAS IMBALAN KERJA (lanjutan)                        14. EMPLOYEE BENEFIT LIABILITIES (continued)

   a.   Imbalan pascakerja (lanjutan)                             a.   Post-employment benefits (continued)

        Program imbalan pasti                                          Defined benefit plan

        Grup memberikan imbalan kepada karyawan                        The Group provides benefits to its qualifying




                                                                                                                                   Operational Excellence For Reliable Aviation Services
        yang memenuhi persyaratan sesuai dengan                        employees in accordance with the Group’s
        kebijakan Grup yang telah sesuai dengan                        policies which are in compliance to applicable
        peraturan yang berlaku terkait dengan tenaga                   regulations related to manpower. The Group has
        kerja. Grup memperhitungkan akumulasi iuran                    to treat the accumulation of contributions that
        yang dibayar kepada DPGA sebagai pengurang                     have been paid to DPGA as deduction to the
        liabilitas program imbalan pasti sesuai dengan                 defined benefit plan obligations in accordance
        peraturan Grup.                                                with the Group’s policies.

   b.   Imbalan kerja jangka panjang lain                         b.   Other long-term benefits

        Grup memberikan imbalan kerja jangka panjang                   The Group provides other long-term benefits
        lain berupa penghargaan kepada karyawan                        such as awards to employees who have already
        yang telah bekerja selama 20 tahun                             rendered 20 years of service (long service
        (penghargaan masa bakti) sesuai dengan                         award) in accordance with the Group’s policies.
        kebijakan Grup. Tidak terdapat pendanaan yang                  No funding has been made by the Group in
        disisihkan Grup terkait dengan imbalan kerja ini.              connection with this employment benefit.

   Pada tanggal 31 Desember 2025 dan 2024,                        As at December 31, 2025 and 2024, the cost of
   perhitungan imbalan kerja program imbalan pasti dan            providing the defined benefit plan and other long-term
   imbalan kerja jangka panjang lain dihitung oleh                benefits has been calculated by Kantor Konsultan
   Kantor Konsultan Aktuaria Riana & Rekan, aktuaris              Aktuaria Riana & Rekan, an independent actuary, in
   independen, sesuai dengan laporan aktuari masing-              accordance with the actuary report dated March 12,
   masing tanggal 12 Maret 2026 dan 14 Maret 2025,                2026 and March 14, 2025, respectively using the
   dan dengan menggunakan asumsi utama sebagai                    following key assumptions:
   berikut:

                                             2025                          2024

        Tingkat diskonto                6,25% - 6,75%                  7,00% - 7,25%                            Discount rate
        Tingkat kenaikan                                                                                         Future salary
           gaji                              7,00%                          7,00%                              increment rate
        Tingkat kematian                  100% TMI4                      100% TMI4                               Mortality rate
        Tingkat cacat                      10% TMI4                       10% TMI4                              Disability rate
        Tingkat pengunduran diri     5% per tahun sampai            5% per tahun sampai                       Resignation rate
                                    usia 25 tahun menurun          usia 25 tahun menurun
                                   secara garis lurus sampai      secara garis lurus sampai
                                      1% per tahun pada              1% per tahun pada
                                       usia 46 tahun dan              usia 46 tahun dan
                                      seterusnya konstan             seterusnya konstan
                                         1% per tahun/                  1% per tahun/
                                    5% p.a. until age 25 and       5% p.a. until age 25 and
                                     decreasing linearly to         decreasing linearly to
                                       1% p.a. at age 46              1% p.a. at age 46
                                     and 1% p.a. thereafter         and 1% p.a. thereafter
        Tingkat pensiun                                                                                     Normal retirement
           normal                       56 tahun/years                 56 tahun/years                                   rate
        Harga emas (10 gr)              Rp24.500.000                   Rp14.750.000                         Gold price (10 gr)
        Tingkat kenaikan harga emas         7,00%                          7,00%

   Rata-rata durasi kewajiban imbalan pasti adalah                The weighted average duration of the defined benefit
   17,07 tahun (2024: 16,10 tahun).                               obligation is 17.07 years (2024: 16.10 years).




                                                            76

                                                                                                                                   545
Page 546
                                                                                                                               The original consolidated financial statements
                                                                                                                                included herein are in Indonesian language.

                                                                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                              (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)

                                      14. LIABILITAS IMBALAN KERJA (lanjutan)                               14. EMPLOYEE BENEFIT LIABILITIES (continued)

                                         Jumlah kewajiban imbalan pascakerja yang diakui                         The amounts of the post-employment benefit
                                         pada laporan posisi keuangan konsolidasian                              obligation recognised in the consolidated statements
                                         ditentukan sebagai berikut:                                             of financial position are determined as follow:

                                                                                                     2025

                                                                                                Imbalan kerja
                                                                                                    jangka
                                                                                Program            panjang
                                                                                 imbalan           lainnya/
                                                                                  pasti/             Other
                                                                                 Defined          long-term
                                                                               benefit plan        benefits            Total

                                        Nilai kini liabilitas imbalan kerja      21.116.702          7.903.973         29.020.675                    Present value obligation
                                        Dikurangi:                                                                                                                      Less:
                                        Liabilitas imbalan kerja
                                           - jangka pendek                        (3.427.619)         (119.256)        (3.546.875)          Present value obligation - current

                                        Nilai kini liabilitas imbalan                                                                                Present value obligation
                                           kerja - jangka panjang                17.689.083          7.784.717         25.473.800                         - non-current


                                                                                                     2024
Laporan Keuangan - Financial Report




                                                                                                Imbalan kerja
                                                                                                    jangka
                                                                                Program            panjang
                                                                                 imbalan           lainnya/
                                                                                  pasti/             Other
                                                                                 Defined          long-term
                                                                               benefit plan        benefits            Total

                                        Nilai kini liabilitas imbalan
                                           kerja                                 21.984.185          5.801.864         27.786.049                  Present value obligation
                                        Dikurangi:                                                                                                                    Less:
                                        Liabilitas imbalan kerja                                                                                   Present value obligation
                                           - jangka pendek                        (3.995.792)          (10.274)        (4.006.066)                             current -

                                        Nilai kini liabilitas imbalan                                                                              Present value obligation
                                           kerja - jangka panjang                17.988.393          5.791.590         23.779.983                             non-current -


                                         Mutasi kewajiban imbalan kerja adalah sebagai                           The movements in the employee benefit obligations
                                         berikut:                                                                are as follow:
                                                                                                     2025

                                                                                                Imbalan kerja
                                                                                                    jangka
                                                                                Program            panjang
                                                                                 imbalan           lainnya/
                                                                                  pasti/             Other
                                                                                 Defined          long-term
                                                                               benefit plan        benefits            Total

                                        Nilai kini liabilitas imbalan                                                                      Present value employee benefits
                                           kerja - awal tahun                    21.984.185          5.801.864         27.786.049    obligation - at beginning of the year

                                        Biaya jasa kini                            1.755.544           605.694          2.361.238                      Current service cost
                                        Beban bunga                                1.394.648           397.341          1.791.989                         Interest expense
                                        Pengukuran kembali                                 -         1.368.020          1.368.020                         Remeasurement

                                        Dibebankan ke dalam laba rugi                                                                              Charged to consolidated
                                          konsolidasian (Catatan 21)               3.150.192         2.371.055          5.521.247                 profit or loss (Note 21)




                                                                                                        77

546
Page 547
                                                                                               The original consolidated financial statements




                                                                                                                                                   PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                included herein are in Indonesian language.

                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

        CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                   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
              (Dinyatakan dalam Dolar AS,                                                 (Expressed in US Dollars,
                Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

14. LIABILITAS IMBALAN KERJA (lanjutan)                                 14. EMPLOYEE BENEFIT LIABILITIES (continued)

      Mutasi kewajiban imbalan kerja adalah sebagai                              The movements in the employee benefit obligations
      berikut: (lanjutan)                                                        are as follow: (continued)

                                                                 2025

                                                             Imbalan kerja




                                                                                                                                                   Operational Excellence For Reliable Aviation Services
                                                                 jangka
                                            Program             panjang
                                             imbalan            lainnya/
                                              pasti/              Other
                                             Defined           long-term
                                           benefit plan         benefits               Total

  Pengukuran kembali                                                                                               Remeasurement on liabilities
    liabilitas akibat:                                                                                                              due to:
  - Penyesuaian pengalaman                        (10.122)                   -             (10.122)                  Experience adjustment -
  - Perubahan                                                                                                                    Change in -
        asumsi keuangan                           931.426                    -            931.426                  financial assumptions

  Dikreditkan ke dalam penghasilan                                                                              Credited to other comprehensive
     komprehensif lain                            921.304                    -            921.304                                    income

  Imbalan yang dibayarkan                      (4.126.288)          (15.401)            (4.141.689)                           Benefit payments
  Perubahan kurs                                 (812.691)         (253.545)            (1.066.236)                Foreign exchange differences

                                               (4.938.979)         (268.946)            (5.207.925)

  Nilai kini liabilitas imbalan                                                                                Present value employee benefits
     kerja - akhir tahun                       21.116.702         7.903.973            29.020.675              obligation - at the end of year


                                                                 2024

                                                             Imbalan kerja
                                                                 jangka
                                            Program             panjang
                                             imbalan            lainnya/
                                              pasti/              Other
                                             Defined           long-term
                                           benefit plan         benefits               Total

  Nilai kini liabilitas imbalan                                                                                  Present value employee benefits
     kerja - awal tahun                        22.912.271         4.816.145            27.728.416         obligation - at beginning of the year

  Biaya jasa kini                               1.823.346           525.665             2.349.011                           Current service cost
  Biaya jasa masa lalu                              7.183                 -                 7.183                             Past service cost
  Beban bunga                                   1.440.483           315.047             1.755.530                              Interest expense
  Pengukuran kembali                                    -           386.984               386.984                              Remeasurement

  Dibebankan ke dalam laba rugi                                                                                        Charged to consolidated
     konsolidasian (Catatan 21)                 3.271.012         1.227.696             4.498.708                     profit or loss (Note 21)

  Pengukuran kembali                                                                                               Remeasurement on liabilities
    liabilitas akibat:                                                                                                              due to:
  - Penyesuaian pengalaman                        985.706                    -            985.706                    Experience adjustment -
  - Perubahan                                                                                                                    Change in -
        asumsi keuangan                          (895.734)                   -           (895.734)                 financial assumptions

  Dikreditkan ke dalam penghasilan                                                                              Credited to other comprehensive
     komprehensif lain                             89.972                    -             89.972                                    income

  Imbalan yang dibayarkan                      (3.229.626)                -             (3.229.626)                           Benefit payments
  Perubahan kurs                               (1.059.444)         (241.977)            (1.301.421)                Foreign exchange differences

  Mutasi lain                                  (4.289.070)         (241.977)            (4.531.047)                           Other movements

  Nilai kini liabilitas imbalan                                                                                Present value employee benefits
     kerja - akhir tahun                       21.984.185         5.801.864            27.786.049              obligation - at the end of year




                                                                    78

                                                                                                                                                   547
Page 548
                                                                                                                                            The original consolidated financial statements
                                                                                                                                             included herein are in Indonesian language.

                                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                                         (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

                                      14. LIABILITAS IMBALAN KERJA (lanjutan)                                      14. EMPLOYEE BENEFIT LIABILITIES (continued)

                                          Asumsi aktuarial yang signifikan untuk penentuan                               Significant    actuarial    assumptions     for   the
                                          liabilitas imbalan kerja adalah tingkat diskonto dan                           determination of liabilities for employee benefit are
                                          kenaikan gaji yang diharapkan. Analisis sensitivitas                           discount rate and expected salary increase. The
                                          di bawah ini ditentukan berdasarkan masing-masing                              sensitivity analyses below have been determined
                                          perubahan asumsi yang mungkin terjadi pada akhir                               based on possible changes in the respective
                                          periode pelaporan, dengan semua asumsi lain                                    assumptions occurring at the end of the reporting
                                          konstan.                                                                       period, while holding all other assumptions constant.
                                                                                              2025                                        2024

                                                                                                   Imbalan kerja                                  Imbalan kerja
                                                                               Program            jangka panjang           Program               jangka panjang
                                                                             imbalan pasti/           lainnya/           imbalan pasti/              lainnya/
                                                                                Defined          Other long-term            Defined              Other long-term
                                                                              benefit plan           benefits             benefit plan              benefits

                                         Tingkat diskonto                                                                                                                            Discount rate
                                           Tingkat diskonto +1%                   (1.175.659)              (291.958)         (1.575.606)                (428.782)            Discount rate +1%
                                           Tingkat diskonto -1%                    2.802.336                882.985           1.834.633                  473.678             Discount rate -1%
                                         Tingkat kenaikan gaji                                                                                                       Future salary increment rate
                                           Tingkat kenaikan gaji +1%               2.936.417                682.899           1.971.177                  366.079    Salary increment rate +1%
                                           Tingkat kenaikan gaji -1%              (1.317.681)              (117.453)         (1.717.948)                (337.200)   Salary increment rate -1%


                                         Analisis jatuh tempo yang diharapkan dari manfaat                               Expected maturity analysis of undiscounted pension
                                         pensiun yang tidak terdiskonto adalah sebagai                                   benefits is as follow:
Laporan Keuangan - Financial Report




                                         berikut:

                                                                                                            2025

                                                                             Kurang                     1 sampai 5           Lebih dari
                                                                           dari 1 tahun/                  tahun/              5 tahun/
                                                                         Less than a year            Between 1-5 years       Over 5 years

                                        Program imbalan pasti                    3.427.619                   7.212.242           184.673.631                           Defined benefit plan
                                        Imbalan kerja jangka                                                                                                               Other long-term
                                           panjang lainnya                         119.256                   3.569.185            24.386.742                                    benefits

                                        Saldo akhir                              3.546.875                  10.781.427           209.060.373                                 Ending balance


                                                                                                            2024

                                                                             Kurang                     1 sampai 5           Lebih dari
                                                                           dari 1 tahun/                  tahun/              5 tahun/
                                                                         Less than a year            Between 1-5 years       Over 5 years

                                        Program imbalan pasti                    3.995.792                  10.483.202           171.031.137                           Defined benefit plan
                                        Imbalan kerja jangka                                                                                                               Other long-term
                                           panjang lainnya                           10.274                  1.219.325            20.303.648                                    benefits

                                        Saldo akhir                              4.006.066                  11.702.527           191.334.785                                 Ending balance




                                                                                                                79

548
Page 549
                                                                                                 The original consolidated financial statements




                                                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                  included herein are in Indonesian language.

                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                                        (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

15. SEWA                                                                15. LEASES

   a.   Aset hak-guna yang diakui dalam laporan posisi                         a.       Right-of-use    asset   recognised      in   the
        keuangan konsolidasian                                                          consolidated statement of financial position

        Tabel berikut menunjukkan rincian aset hak-                                     The table shows details of right-of-use assets in
        guna dalam laporan       posisi   keuangan                                      the Group’s consolidated statement of financial




                                                                                                                                                              Operational Excellence For Reliable Aviation Services
        konsolidasian Grup:                                                             position:

                                                                        2025
                                                                                           Dampak dari
                                 Saldo awal/                                              modifikasi sewa/
                                 Beginning         Penambahan/       Pengurangan/         Impact of lease      Saldo akhir/
                                  balance           Additions         Deduction            modification       Ending balance

        Harga perolehan                                                                                                                                Cost
        Bangunan dan prasarana        2.112.158                  -                 -                     -          2.112.158    Building and improvements
        Tanah                        45.655.937                  -       (25.943.070)                    -         19.712.867                          Land
        Peralatan dan                                                                                                                       Warehouse tools
          perlengkapan bengkel        2.434.519                  -                  -                    -          2.434.519             and equipments
        Peralatan kantor dan                                                                                                              Office equipments
          komputer                    2.638.269                  -                  -                    -          2.638.269              and computers
        Kendaraan                     1.095.827                  -                  -              (89.092)         1.006.735                      Vehichle

        Total                        53.936.710                  -       (25.943.070)              (89.092)        27.904.548                        Total


        Akumulasi                                                                                                                           Accumulated
          penyusutan:                                                                                                                     depreciation:
        Bangunan dan prasarana       (1.634.376)         (460.666)                  -                    -         (2.095.042) Building and improvements
        Tanah                       (19.291.794)       (4.437.364)         12.172.101                    -        (11.557.057)                       Land
        Peralatan dan                                                                                                                     Warehouse tools
          perlengkapan bengkel       (2.434.517)                 -                  -                    -         (2.434.517)          and equipments
        Peralatan kantor dan                                                                                                            Office equipments
          komputer                   (2.014.735)        (356.304)                   -                    -         (2.371.039)           and computers
        Kendaraan                      (377.253)        (360.880)                   -                    -           (738.133)                   Vehichle

        Total                       (25.752.675)       (5.615.214)         12.172.101                    -        (19.195.788)                       Total

        Nilai tercatat               28.184.035                                                                     8.708.760            Carrying amount



                                                                        2024
                                                                                           Dampak dari
                                 Saldo awal/                                              modifikasi sewa/
                                 Beginning         Penambahan/       Pengurangan/         Impact of lease      Saldo akhir/
                                  balance           Additions         Deduction            modification       Ending balance

        Harga perolehan                                                                                                                                Cost
        Bangunan dan prasarana        5.745.534          949.162           (4.582.538)                   -          2.112.158    Building and improvements
        Tanah                        45.551.921          104.016                    -                    -         45.655.937                          Land
        Peralatan dan                                                                                                                       Warehouse tools
          perlengkapan bengkel        2.434.519                  -                  -                    -          2.434.519             and equipments
        Peralatan kantor dan                                                                                                              Office equipments
          komputer                    2.638.269                -                    -                    -          2.638.269              and computers
        Kendaraan                             -        1.095.827                    -                    -          1.095.827                      Vehichle

        Total                        56.370.243        2.149.005           (4.582.538)                   -         53.936.710                        Total



        Akumulasi penyusutan:                                                                                                 Accumulated depreciation:
        Bangunan dan prasarana       (2.829.376)         (887.972)          2.082.972                    -         (1.634.376) Building and improvements
        Tanah                       (14.854.430)       (4.437.364)                  -                    -        (19.291.794)                       Land
        Peralatan dan                                                                                                                     Warehouse tools
          perlengkapan bengkel       (2.295.010)        (139.507)                   -                    -         (2.434.517)          and equipments
        Peralatan kantor dan                                                                                                            Office equipments
          komputer                   (1.658.431)        (356.304)                   -                    -         (2.014.735)           and computers
        Kendaraan                             -         (377.253)                   -                    -           (377.253)                   Vehichle

        Total                       (21.637.247)       (6.198.400)          2.082.972                    -        (25.752.675)                       Total

        Nilai tercatat               34.732.996                                                                    28.184.035            Carrying amount




                                                                      80

                                                                                                                                                              549
Page 550
                                                                                                                      The original consolidated financial statements
                                                                                                                       included herein are in Indonesian language.

                                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

                                      15. SEWA (lanjutan)                                            15. LEASES (continued)

                                          a.   Aset hak-guna yang diakui dalam laporan posisi           a.   Right-of-use  asset   recognised    in   the
                                               keuangan konsolidasian (lanjutan)                             consolidated statement of financial position
                                                                                                             (continued)

                                               Tabel berikut menunjukkan rincian liabilitas sewa             The table shows details of lease liabilities in the
                                               dalam laporan posisi keuangan konsolidasian                   Group’s consolidated statement of financial
                                               Grup:                                                         position:

                                                                                       2025                  2024
                                                Liabilitas sewa bruto                                                                       Gross lease liabilities
                                                   - pembayaran sewa minimum                                                         minimum lease payment -
                                                Tidak lebih dari satu tahun              5.149.811            10.973.925                   Not later than one year
                                                Lebih dari satu tahun dan                                                            Over one year but not longer
                                                   kurang dari lima tahun                7.466.251            36.511.734                        than five years
                                                Lebih dari lima tahun                    2.463.918            13.317.451                     Later than five years
                                                Beban di masa                                                                                      Future charges
                                                   depan atas sewa                      (3.099.820)          (15.532.261)                             on leases
                                                Nilai kini liabilitas sewa              11.980.160            45.270.849           Present value of lease liabilities


                                                Nilai kini liabilitas sewa                                                         Present value of lease liabilities
Laporan Keuangan - Financial Report




                                                Tidak lebih dari satu tahun              3.394.940             6.624.431                   Not later than one year
                                                Lebih dari satu tahun dan                                                            Over one year but not longer
                                                   kurang dari lima tahun                7.826.960            25.881.150                        than five years
                                                Lebih dari lima tahun                      758.260            12.765.268                     Later than five years

                                                                                        11.980.160            45.270.849
                                                Dikurangi:                                                                                                   Less:
                                                Bagian jangka pendek                    (3.394.940)           (6.624.431)                           Current portion
                                                Bagian jangka panjang                    8.585.220            38.646.418                        Non-current portion


                                               Rincian nilai kini liabilitas sewa adalah sebagai             Details of present value of lease liabilities are as
                                               berikut:                                                      follow:

                                                                                       2025                  2024
                                               Pihak berelasi (Catatan 29)              10.999.197            43.610.438                 Related parties (Note 29)
                                               Pihak ketiga                                980.963             1.660.411                              Third parties

                                                                                        11.980.160            45.270.849


                                          b.   Jumlah yang diakui dalam laporan laba rugi               b.   Amounts recognized in            the    consolidated
                                               konsolidasian                                                 statement of profit or loss

                                               Dalam laporan laba rugi konsolidasian, Grup                   In the consolidated statement of profit or loss, the
                                               mengakui beban depresiasi atas aset hak guna                  Group recognized depreciation expense on
                                               untuk tahun yang berakhir pada tanggal                        right-of-use assets for the year ended December
                                               31 Desember 2025 dan 2024 masing-masing                       31, 2025 and 2024 amounting to US$5.62 million
                                               sebesar AS$5,62 juta dan AS$6,20 juta.                        and US$6.20 million, respectively.

                                               Dalam laporan laba rugi konsolidasian, Grup                   In the consolidated statement of profit or loss, the
                                               mengakui beban keuangan atas liabilitas sewa                  Group recognized finance cost from the lease
                                               untuk tahun yang berakhir pada tanggal                        liabilities for the year ended December 31, 2025
                                               31 Desember 2025 dan 2024 masing-masing                       and 2024 amounting to US$4.26 million and
                                               adalah sebesar AS$4,26 juta dan AS$5,20 juta                  US$5.20 million, respectively (Note 26).
                                               (Catatan 26).



                                                                                                   81

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Page 551
                                                                                       The original consolidated financial statements




                                                                                                                                         PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                        included herein are in Indonesian language.

                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                             (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)

15. SEWA (lanjutan)                                             15. LEASES (continued)

    b.   Jumlah yang diakui dalam laporan laba rugi                    b.    Amounts recognized in the consolidated
         konsolidasian (lanjutan)                                            statement of profit or loss (continued)

         Untuk tahun yang berakhir pada tanggal                              For the year ended December 31, 2025 and
         31 Desember 2025 dan 2024, Grup mengakui                            2024, the Group recognized expenses related




                                                                                                                                         Operational Excellence For Reliable Aviation Services
         beban yang berkaitan dengan sewa aset jangka                        short-term lease, low value asset and variable
         pendek, sewa aset bernilai rendah dan sewa                          lease amounting to US$4.36 million and
         variabel sebesar AS$4,36 juta dan AS$2,52 juta.                     US$2.52 million, respectively. For the year
         Untuk tahun yang berakhir pada tanggal                              ended December 31, 2025 and 2024, payments
         31 Desember 2025 dan 2024, pengeluaran kas                          for leases were amounting to US$12.68 million
         untuk pembayaran sewa masing-masing adalah                          and US$7.47 million, respectively.
         sebesar AS$12,68 juta dan AS$7,47 juta.


16. MODAL SAHAM                                                 16. SHARE CAPITAL

    Pemegang saham Grup pada tanggal 31 Desember                       The Group’s shareholders as at December 31, 2025
    2025 dan 2024 adalah sebagai berikut:                              and 2024 were as follows:
                                                             2025

                                                         Persentase          Total modal
                                       Total saham/     kepemilikan/           disetor/
                                        Number of        Percentage         Total paid-up
         Nama pemegang saham              shares        of ownership           capital               Name of shareholders

   Saham Seri A:                                                                                                   Series A Shares:
   Garuda                              25.156.058.796         20,96%          195.806.416                                     Garuda
   PT Aero Wisata                         254.101.604          0,21%            1.977.843                            PT Aero Wisata
   Andi Fahrurrozi (Direktur)                 144.400          0,00%                1.086                   Andi Fahrurrozi (Director)
   Masyarakat (masing-masing
       di bawah 5% dari jumlah)         2.823.206.700          2,35%            21.230.310         Public (each below 5% of the total)

   Jumlah saham seri A                 28.233.511.500         23,52%          219.015.655                       Total series A shares

   Saham Seri B:                                                                                                  Series B Shares:
   PT Angkasa Pura Indonesia           82.100.173.900         68,40%          122.883.435               PT Angkasa Pura Indonesia
   Garuda                               9.093.245.600          7,58%           14.081.463                                    Garuda
   PT Aero Wisata                          91.850.900          0,08%              141.818                           PT Aero Wisata
   Andi Fahrurrozi (Direktur)                 527.900          0,00%                  815                  Andi Fahrurrozi (Director)
   Endang Tardiana (Direktur)                   1.000          0,00%                    2                Endang Tardiana (Director)
   Bobi Gumelar Raspati (Direktur)                679          0,00%                    1            Bobi Gumelar Raspati (Director)
   Masyarakat (masing-masing
       di bawah 5% dari jumlah)          503.556.945           0,42%               760.637         Public (each below 5% of the total)

   Jumlah saham seri B                 91.789.356.924         76,48%          137.868.171                       Total series B shares

                                      120.022.868.424        100,00%          356.883.826


                                                             2024

                                                         Persentase          Total modal
                                       Total saham/     kepemilikan/           disetor/
                                        Number of        Percentage         Total paid-up
         Nama pemegang saham              shares        of ownership           capital               Name of shareholders

   Garuda                              25.156.058.796         89,10%          195.806.416                                     Garuda
   Aero Wisata                            254.101.604          0,90%            1.977.843                            PT Aero Wisata
   Andi Fahrurrozi (Direktur)                 144.400          0,00%                1.086                   Andi Fahrurrozi (Director)
   Pudjo Sarwoko (Direktur)                    89.200          0,00%                  671                   Pudjo Sarwoko (Director)
   Irvan Pribadi (Direktur)                    62.800          0,00%                  472                     Irvan Pribadi (Director)
   Masyarakat (masing-masing
       di bawah 5% dari jumlah)         2.823.054.700         10,00%            21.229.167         Public (each below 5% of the total)

                                       28.233.511.500        100,00%          219.015.655




                                                               82

                                                                                                                                         551
Page 552
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                      16. MODAL SAHAM (lanjutan)                                  16. SHARE CAPITAL (continued)

                                         Perubahan Anggaran Dasar mengenai peningkatan                 The amendment to the Articles of Association
                                         modal yang ditempatkan dan disetor penuh, setelah             regarding the increase in issued and fully paid capital,
                                         pelaksanaan PMHMETD I sejumlah 9.332.467.476                  following the implementation of the PMHMETD I
                                         lembar saham, telah dimuat dalam Akta Notaris No.             totaling 9,332,467,476 shares, has been included in
                                         2 oleh Notaris Shanti Indah Lestari, S.H., M.Kn., pada        Notarial Deed No. 2 by Notary Shanti Indah Lestari,
                                         tanggal 15 Januari 2025. Pemberitahuan perubahan              S.H., M.Kn., on January 15, 2025. Notification of this
                                         ini telah resmi diterima dan dicatat oleh Kementerian         amendment has been officially received and
                                         Hukum Republik Indonesia, sesuai dengan                       recorded by the Minister of Law of the Republic
                                         Keputusan No. AHU-AH.01.03-0008303, tertanggal                of Indonesia, in accordance with Decree
                                         16 Januari 2025. Berkaitan dengan perubahan                   No. AHU-AH.01.03-0008303, dated January 16,
                                         Anggaran Dasar yang telah disetujui tersebut, saldo           2025. Following the amendment to the Articles of
                                         dalam akun “Uang Muka Setoran Modal” pada                     Association mentioned before, the balance in the
                                         tanggal 31 Desember 2024 telah direklasifikasi.               “Advance for Share Capital” account at December
                                         Proses reklasifikasi ini mengalokasikan AS$14,08              31, 2024 was reclassified. This reclassification
                                         juta ke akun “Modal Saham” dan AS$11,83 juta ke               resulted in an allocation of US$14.08 million to the
                                         akun “Tambahan Modal Disetor”.                                “Share Capital” account and US$11.83 million
                                                                                                       to the “Additional Paid-in Capital” account.

                                         Perubahan Anggaran Dasar mengenai peningkatan                 The amendment to the Articles of Association
                                         modal dasar menjadi 28.233.511.500 saham Seri A               regarding the increase in share capital to
                                         dan 287.065.954.000 saham seri B telah dimuat                 28,233,511,500       series     A    shares       and
Laporan Keuangan - Financial Report




                                         dalam Akta Notaris No. 8 oleh Notaris Shanti Indah            287,065,954,000 series B shares has been included
                                         Lestari, S.H., M.Kn., pada tanggal 24 Oktober 2025.           in Notarial Deed No. 8 by Notary Shanti Indah Lestari,
                                         Pemberitahuan perubahan ini telah resmi diterima              S.H., M.Kn., on October 24, 2025. Notification of this
                                         dan      dicatat   oleh      Kementerian    Hukum             amendment has been officially received and
                                         Republik Indonesia, sesuai dengan Keputusan                   recorded by the Minister of Law of the Republic of
                                         No. AHU-AH.01.03-0246198, tertanggal 26 Oktober               Indonesia,     in    accordance      with     Decree
                                         2025.                                                         No. AHU-AH.01.03-0246198, dated October 26,
                                                                                                       2025.

                                         Pada tanggal 3 November 2025, Perusahaan                      On November 3, 2025, the Company submitted a
                                         menyampaikan kepada surat pernyataan kepada                   registration statement to OJK in connection with
                                         OJK sehubungan dengan PMHMETD II melalui Surat                PMHMETD II through Cover Letter Registration
                                         Pengantar         Pernyataan       Pendaftaran                Statement      No.    GMF/DT/SPE-2033/25.      The
                                         No. GMF/DT/SPE-2033/25 yang ditujukan kepada                  Company offers a maximum of 90.050.687.400 new
                                         OJK. Perseroan menawarkan sebanyak-banyaknya                  shares of Series B with a nominal value of Rp25 for
                                         90.050.687.400 saham baru seri B dengan nilai                 each share, representing a maximum of 73.65% of
                                         nominal Rp25 per saham, yang mewakili sebanyak-               the paid-up and fully paid capital after PMHMETD II
                                         banyaknya 73,65% dari modal ditempatkan dan                   (“Series B New Shares”), thus the value of
                                         disetor penuh setelah PMHMETD II (“Saham Baru                 PMHMETD II is a maximum of Rp6,213,497,430,600.
                                         seri B”), sehingga nilai PMHMETD II adalah
                                         sebanyak-banyaknya Rp6.213.497.430.600.

                                         Perusahaan telah menerima pernyataan efektif dari             The Company had received an effective statement on
                                         OJK atas PMHMETD II pada tanggal 11 Desember                  PMHMETD II from the OJK on December 11, 2025.
                                         2025.

                                         Sesuai dengan Akta Notaris No. 146 oleh Notaris               In accordance with Notarial Deed No. 146 by Notary
                                         Asep Heryanto, S.H., M.Kn., tertanggal 29 Desember            Asep Heryanto, S.H., M.Kn., dated December 29,
                                         2025, PT Angkasa Pura Indonesia mengakuisisi                  2025, PT Angkasa Pura Indonesia acquired
                                         82.100.173.900 Saham Baru seri B dengan                       82,100,173,900 Series B New Shares by executing a
                                         melaksanakan transaksi penyetoran aset non-tunai,             non-cash asset contribution transaction, transferring
                                         memindahkan      kepemilikan       lahan    kepada            ownership of the land to the Company.
                                         Perusahaan.




                                                                                                  83

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Page 553
                                                                           The original consolidated financial statements




                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                                                            included herein are in Indonesian language.

                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                  (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)

16. MODAL SAHAM (lanjutan)                                 16. SHARE CAPITAL (continued)

   Hasil penilaian nilai wajar atas aset inbreng dari         The valuation of the fair value of the contributed
   Penilai Independen KJPP Ruky, Safrudin dan Rekan,          assets by Independent Appraisers KJPP Ruky,
   Nomor       00089/2.0095-00/BS/05/0269/1/XII/2025          Safrudin, and Partners, Number 00089/2.0095-
   pada tanggal 10 Desember 2025, adalah sebesar              00/BS/05/0269/1/XII/2025 on December 10, 2025,
   Rp5.664.912.000.000,      yang   setara    dengan          amounted to Rp5,664,912,000,000, equivalent to




                                                                                                                            Operational Excellence For Reliable Aviation Services
   AS$339.158.281.                                            US$339,158,281.

   Peningkatan modal saham juga merupakan setoran             Additional share capital also represents capital
   modal dari pemegang saham publik yang diterima             contributions from public shareholders received by
   oleh Perusahaan dalam rangka penawaran saham               the Company in connection with the issuance of
   Seri B berdasarkan aksi korporasi PMHMETD II.              Series B shares under corporate action of PMHMETD
   Grup menerima setoran kas dari masyarakat sebesar          II. The Group received cash contributions from public
   AS$1.473.603 atas penerbitan saham baru seri B             amounting to US$1,473,603 for the issuance of
   sebanyak 356.715.548 lembar saham.                         356,715,548 Series B new shares.

   Pada laporan keuangan per 31 Desember 2025,                In the financial statements as of December 31, 2025,
   transaksi ini dicatatkan pada “Modal Saham” dan            this transaction is recorded under "Share Capital" and
   “Modal Ditempatkan dan Disetor” sebagai bagian             “Additional Paid-in Capital” as part of equity section
   ekuitas laporan posisi keuangan konsolidasian              of the consolidated statement of financial position,
   setelah dikurangi dengan biaya sehubungan dengan           after deducting share issuance costs amounted to
   emisi saham sebesar Rp53.755.797.040, yang                 Rp53,755,797,040, equivalent to US$3,203,209.
   setara dengan AS$3.203.209.


17. TAMBAHAN MODAL DISETOR                                 17. ADDITIONAL PAID-IN CAPITAL

                                             2025                 2024
   Tambahan modal disetor                      1.142.271            1.142.271                  Additional paid-in capital
   Agio saham                                292.285.489           62.932.264                           Share premium
   Biaya emisi saham                          (5.016.528)          (1.813.319)                    Share issuance cost
   Pengampunan pajak                             156.020              156.020                              Tax amnesty
                                             288.567.252           62.417.236


   Tambahan modal disetor                                     Additional paid-in capital

   Akun ini merupakan selisih antara jumlah diterima          This account represents the difference between the
   atas utang jangka panjang kepada Garuda,                   amount received from a long-term loan to Garuda, a
   pemegang saham, di tahun 2013, dan nilai wajar dari        shareholder, in 2013, and fair value of the financial
   liabilitas keuangan sebesar Rp14.316.458.399               liability amounting to Rp14,316,458,399 (equivalent
   (setara dengan AS$1.523.027) dikurangi pajak               to US$1,523,027) net of tax amounting to
   sebesar     Rp3.579.114.600    (setara    dengan           Rp3,579,114,600 (equivalent to US$380,756).
   AS$380.756).




                                                         84

                                                                                                                            553
Page 554
                                                                                                                       The original consolidated financial statements
                                                                                                                        included herein are in Indonesian language.

                                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                              CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                         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
                                                    (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                      Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                       17. TAMBAHAN MODAL DISETOR (lanjutan)                         17. ADDITIONAL PAID-IN CAPITAL (continued)

                                            Agio saham                                                    Share premium

                                            Agio saham berasal dari selisih antara harga                  Share premium arose from the difference between
                                            penawaran saham sebesar Rp400 per saham dan                   the share offering price of Rp400 per share and the
                                            nilai nominal sebesar Rp100 per saham pada saat               nominal value of Rp100 per share at initial public
                                            penawaran umum perdana Grup pada tahun 2017                   offering in 2017 with a total aggregate amount of
                                            dengan        jumlah    keseluruhan     sebesar               Rp847,005,346,925 (equivalent to US$62,932,264),
                                            Rp847.005.346.925          (setara      dengan                the difference between the share offering price of
                                            AS$62.932.264), selisih antara harga penawaran                Rp46 per share and the nominal value of Rp25 per
                                            saham sebesar Rp46 per saham dan nilai nominal                share at the time of the PMHMETD I in 2024 with a
                                            sebesar Rp25 per saham pada saat PMHEMTD I                    total amount of Rp195,981,819,396 (equivalent to
                                            pada tahun 2024 dengan jumlah keseluruhan                     US$12,138,690), and the difference between the
                                            sebesar Rp195.981.819.396 (setara dengan                      share offering price of Rp69 per share and the
                                            AS$12.138.690), dan selisih antara harga                      nominal value of Rp25 per share at the time of
                                            penawaran saham sebesar Rp69 per saham dan                    PMHMETD II in 2025 with a total amount of
                                            nilai nominal sebesar Rp25 per saham pada saat                Rp3,628,103,061,836            (equivalent        to
                                            PMHEMTD II pada tahun 2025 dengan jumlah                      US$217,214,535).
                                            keseluruhan sebesar Rp3.628.103.061.836 (setara
                                            dengan AS$217.214.535).

                                            Pengampunan pajak                                             Tax amnesty
Laporan Keuangan - Financial Report




                                            Grup mengikuti program Pengampunan Pajak                      The Group participated in a Tax Amnesty program
                                            dengan telah menyampaikan Surat Pernyataan                    and submitted an Asset Declaration Letter (“SPH”) for
                                            Harta (“SPH”) kepada Menteri Keuangan Republik                Tax Amnesty to the Finance Minister of the Republic
                                            Indonesia. Permohonan Pengampunan Pajak Grup                  of Indonesia. The application for the Tax Amnesty of
                                            telah disetujui oleh Direktorat Jenderal Pajak melalui        the Group was approved by the Directorate General
                                            Surat Keterangan Pengampunan Pajak No. KET-                   of Taxes through Tax Remission Certificate No. KET-
                                            280/PP/WPJ.19/2017 pada tanggal 3 April 2017.                 280/PP/ WPJ.19/2017 dated 3 April 2017. The Group
                                            Grup membukukan aset pengampunan pajak                        recorded tax amnesty assets amounting to
                                            sebesar Rp2.078.500.000 (setara AS$156.020).                  Rp2,078,500,000 (equivalent to US$156,020). There
                                            Tidak terdapat liabilitas pengampunan pajak.                  are no tax amnesty liabilities recorded.

                                            Kenaikan aset pengampunan pajak dicatat sebagai               An increase of Tax Amnesty Assets recorded as
                                            ”Tambahan Modal Disetor” sebesar AS$156.020.                  “Additional  Paid-in Capital”  amounted    to
                                                                                                          US$156,020.


                                      18.   PENGHASILAN KOMPREHENSIF LAIN                            18. OTHER COMPREHENSIVE INCOME

                                                                                         2025                 2024

                                            Saldo awal tahun                             (15.900.891)          (16.353.693)                      At beginning of year
                                            Keuntungan revaluasi                                                                                 Gain on revaluation
                                               aset tetap                                  1.444.464              698.220                            of fixed asset
                                            Pengukuran kembali                                                                             Remeasurement of post-
                                               imbalan pasca kerja                          (921.304)             (89.972)                   employment benefits
                                            Pajak penghasilan terkait                       (114.022)            (133.815)                       Related income tax
                                            Selisih kurs karena penjabaran                                                             Exchange differences due to
                                               laporan keuangan                              (12.891)              (21.631)        financial statement translation

                                            Saldo akhir tahun                            (15.504.644)          (15.900.891)                       At end of the year




                                                                                                     85

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Page 555
                                                                             The original consolidated financial statements




                                                                                                                              PT Garuda Maintenance Facility Aero Asia Tbk
                                                                              included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

19. CADANGAN UMUM                                          19. GENERAL RESERVE

   Berdasarkan Undang-Undang Perseroan Terbatas               Based on Limited Liability Company Law No.40 Year
   No.40 Tahun 2007, Grup wajib menyisihkan jumlah            2007, the Group shall provide appropriation in certain
   tertentu dari laba neto setiap tahun buku untuk            amounts, of its net income in each year for the
   cadangan apabila saldo laba positif sampai                 general reserve if there are available retained
   cadangan tersebut mencapai paling sedikit 20% dari         earnings, until the general reserve reaches at least




                                                                                                                              Operational Excellence For Reliable Aviation Services
   jumlah modal yang ditempatkan dan disetor.                 20% of issued and paid-up capital.

   Pada tanggal 31 Desember 2025 dan 2024, Grup               As at December 31, 2025 and 2024, the Group has
   telah membentuk cadangan umum sebesar                      established a statutory reserve balance amounting to
   AS$7.492.540 dari jumlah modal ditempatkan dan             US$7,492,540 of its issued and paid-up capital.
   disetor.


20. PENDAPATAN                                             20. REVENUE

                                            2025                  2024

   Reparasi dan overhaul                    390.033.515           314.331.256                        Repair and overhaul
   Perawatan                                 77.923.819            84.801.965                          Line maintenance
   Operasi lainnya                           23.925.460            22.089.965                           Other operations
                                            491.882.794           421.223.186


   Berikut ini adalah rincian pendapatan usaha yang           Revenues from the following customers represent
   melebihi 10% dari jumlah pendapatan:                       more than 10% of total revenues:

                                                                                               % terhadap
                                     Jumlah pendapatan/Total revenue                 jumlah pendapatan/total revenue

   Pelanggan/Customers                  2025                   2024                    2025                    2024

   Garuda (Catatan 29)                  210.196.171            221.315.621              43%                     53%
   Citilink (Catatan 29)                139.799.552             96.425.535              28%                     23%

                                        349.995.723            317.741.156



21. BEBAN PEGAWAI                                          21. EMPLOYEE EXPENSES

                                            2025                  2024

   Gaji dan tunjangan                       102.263.380           104.046.275                    Salaries and allowances
   Insentif                                   7.446.736             4.338.004                                  Incentives
   Imbalan kerja (Catatan 14)                 5.521.247             4.498.708                 Employee benefits (Note 14)
   Biaya kontribusi                                                                                  Pension contribution
      dana pensiun (Catatan 14)                4.044.365              2.356.631                     expense (Note 14)
   Lain-lain (masing-masing                                                                           Others (each below
      di bawah AS$1.000.000)                   1.583.005              1.329.485                         US$1,000,000)

                                            120.858.733           116.569.103




                                                        86

                                                                                                                              555
Page 556
                                                                                                               The original consolidated financial statements
                                                                                                                included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                 (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)

                                      22. BEBAN MATERIAL                                        22. MATERIAL EXPENSES

                                                                                  2025                 2024

                                         Suku cadang repairable                    75.852.330           65.295.179                  Repairable spare parts
                                         Suku cadang expendable                    52.278.342           38.707.768                 Expendable spare parts
                                         Kurir dan pengiriman                      14.353.785           12.051.897                      Courier and freight
                                         Lain-lain (masing-masing                                                                                  Others
                                            di bawah AS$1.000.000)                  2.327.717            1.123.020           (each below US$1,000,000)

                                                                                  144.812.174          117.177.864



                                      23. BEBAN SUBKONTRAK                                      23. SUBCONTRACT EXPENSES

                                                                                  2025                 2024

                                         Komponen subkontrak                      108.326.619           99.565.037                 Subcontract components
                                         Jasa teknis dan penunjang                                                                   Technical and ground
                                            penerbangan                              294.220              825.940                      handling services

                                                                                  108.620.839          100.390.977
Laporan Keuangan - Financial Report




                                      24. BEBAN OPERASIONAL                                     24. OPERATING EXPENSES

                                                                                  2025                 2024
                                         Jasa profesional                           5.005.604            1.878.128                         Professional fees
                                         Promosi                                    4.496.593            2.993.717                                Promotion
                                         Sewa                                       4.363.300            2.515.191                                     Rental
                                         Pemeliharaan dan perbaikan                 3.508.630            3.619.654                 Maintenance and repairs
                                         Pajak                                      2.853.410            1.812.397                                        Tax
                                         Listrik, air dan telepon                   2.813.456            1.941.897          Electricity, water and telephone
                                         Perjalanan dan transportasi                2.661.810            3.054.677                 Travel and transportation
                                         Penurunan/(pemulihan) atas                                                                Impairment/(recovery) of
                                             pencadangan uang muka, neto            2.228.728             (486.833)         allowance for advances, net
                                         Asuransi                                   1.883.253              886.327                                 Insurance
                                         Lain-lain (masing-masing                                                                                      Others
                                             di bawah AS$1.000.000)                 2.483.753            2.226.751           (each below US$1,000,000)

                                                                                   32.298.537           20.441.906


                                         Lihat Catatan 29 untuk rincian transaksi dengan           Refer to Note 29 for details of related parties’
                                         pihak berelasi.                                           transactions.


                                      25. BEBAN OPERASI LAINNYA, NETO                           25. OTHER OPERATING EXPENSES, NET

                                                                                  2025                 2024

                                         Penurunan/(pemulihan) nilai                                                               Impairment/(recovery) of
                                            persediaan, neto (Catatan 7)            4.238.326           (1.017.955)            inventories, net (Note 7)
                                         Penurunan nilai                                                                                      Impairment of
                                            piutang usaha, piutang lain-lain                                                    trade receivables, other
                                            dan aset kontrak kepada                                                            receivables and contract
                                            pelanggan, neto                         1.152.211            6.355.927             assets to customers, net
                                         Lain-lain (masing-masing                                                                       Others (each below
                                            di bawah AS$1.000.000)                          -             606.512                        US$1,000,000)

                                                                                    5.390.537            5.944.484




                                                                                           87

556
Page 557
                                                                               The original consolidated financial statements




                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

26. BEBAN KEUANGAN                                            26. FINANCE COSTS

                                              2025                   2024

   Pinjaman                                    15.955.339             14.970.923                                  Borrowings
   Liabilitas sewa (Catatan 15b)                4.255.532              5.195.541                 Lease liabilities (Note 15b)

                                               20.210.871             20.166.464




                                                                                                                                Operational Excellence For Reliable Aviation Services
27. BEBAN/(PENGHASILAN) LAIN-LAIN, NETO                       27. OTHER EXPENSES/(INCOME), NET

                                              2025                   2024

   Kerugian/(keuntungan)
      selisih kurs, neto                        6.582.296              (1.794.249)       Foreign exchange loss/(gain), net
   Pemulihan atas akrual denda kontrak         (2.182.444)                      -    Reversal of accrual of contract penalty
   Pemulihan atas akrual pajak                 (2.151.318)                      -                   Reversal of tax accrual
   Lain-lain, neto                             (1.729.765)               (270.327)                               Others, net
                                                  518.769              (2.064.576)


28. LABA PER SAHAM                                        28. EARNING PER SHARE

   Laba per saham dasar dihitung dengan membagi                  Basic earnings per share are calculated by dividing
   laba yang dapat diatribusikan kepada pemilik entitas          profit attributable to owners of the parent by the
   induk dengan jumlah rata-rata tertimbang saham                weighted average number of ordinary shares
   biasa   yang    beredar     pada   periode    yang            outstanding during the period.
   bersangkutan.

   Berikut ini data yang digunakan untuk perhitungan             Below is the data used for the computation of basic
   laba per saham dasar:                                         earnings per share:

                                              2025                   2024
   Laba yang dapat
     diatribusikan kepada                                                                              Profit attributable to
     pemilik entitas induk                     33.949.155             26.891.116                    owners of the parent

   Rata-rata tertimbang jumlah                                                                Weighted average number of
     saham yang beredar -                                                                          outstanding share -
     dasar dan dilusian                    38.012.613.895         28.233.511.500                     basic and diluted
   Laba per saham -                                                                                    Earnings per share -
     dasar dan dilusian                              0,0009                 0,0010                     basic and diluted

   Pada tanggal 31 Desember 2025 dan 2024, tidak ada             As at December 31, 2025 and 2024, there were no
   efek yang berpotensi menjadi saham. Oleh karena               existing instruments which could result in the issue of
   itu, laba per saham dilusian sama dengan laba per             further shares. Therefore, diluted earnings per share
   saham dasar.                                                  is equivalent to basic earnings per share.




                                                          88

                                                                                                                                557
Page 558
                                                                                                                                         The original consolidated financial statements
                                                                                                                                          included herein are in Indonesian language.

                                                                        PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                                         (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

                                      29. SIFAT RELASI DAN TRANSAKSI DENGAN PIHAK-                             29. NATURE    OF      RELATIONSHIP    AND
                                          PIHAK BERELASI                                                           TRANSACTIONS WITH RELATED PARTIES

                                         Sifat relasi                                                                Nature of relationship

                                               Garuda adalah entitas Induk Grup.                                          Garuda is the Group’s parent entity.

                                               Seluruh entitas yang dikendalikan oleh Garuda                              All entities controlled by Garuda or where garuda
                                                serta entitas dimana Garuda memiliki pengaruh                               has significant influence are presented as
                                                signifikan disajikan sebagai pihak berelasi.                                related parties.

                                               Pemerintah    Republik   Indonesia melalui                                 The Government of the Republic of Indonesia
                                                PT Danantara Asset Management (Persero)                                     represented    by    PT     Danantara Asset
                                                (“Danantara”) adalah pemegang saham utama                                   Management (Persero) (“Danantara”) is the
                                                Garuda.                                                                     majority shareholder of Garuda.

                                               Seluruh entitas yang dimiliki dan dikendalikan                            All entities that are owned and controlled by the
                                                oleh   Danantara     serta    entitas   dimana                             Danantara including entities where the Ministry
                                                Kementerian Keuangan dan Kementerian                                       of Finance and Ministry of State-owned
                                                Badan Usaha Milik Negara Pemerintah Republik                               Enterprises Republic of Indonesia have
                                                Indonesia memiliki pengaruh signifikan.                                    significant influence.
Laporan Keuangan - Financial Report




                                                Komisaris dan direksi merupakan manajemen                               Commissioners and directors are considered key
                                                 kunci.                                                                   management personnel.

                                         Saldo dan transaksi dengan pihak-pihak berelasi                             Balances and transactions with related parties

                                         Saldo terkait dengan pihak-pihak berelasi                                   Balances with related parties
                                                                                                                               % terhadap Aset/
                                                                                      Jumlah/Total                  (Liabilitas)/% to Assets/(Liabilities)
                                                                               2025                  2024                 2025                  2024

                                        Kas dan setara kas/
                                           Cash and cash equivalents
                                           BNI                                 15.286.821             5.139.578
                                           BRI                                  7.042.261             3.957.999
                                           PT Bank Tabungan Negara
                                              (Persero) Tbk                            695                  1.752
                                           PT Bank Mandiri
                                           (Persero) Tbk (”Mandiri”)           15.156.807              621.877
                                           PT Bank Syariah Indonesia               84.420              151.983
                                           PT Bank Pembangunan
                                              Daerah Jawa Barat
                                              dan Banten Tbk
                                              (”Bank BJB”)                              27                    28

                                                                               37.571.031             9.873.217                  4,62%                 2,33%


                                           Kas dan setara kas yang
                                              dibatasi penggunaannya/
                                              Restricted cash and
                                              cash equivalents
                                              BRI                               1.164.300                    -
                                              Mandiri                             506.071                    -
                                              BNI                                 131.565              902.880

                                                                                1.801.936              902.880                   0,22%                 0,21%


                                           Piutang usaha/
                                              Trade receivables
                                              Citilink                         40.057.563            45.852.094
                                              Garuda                           21.477.028            13.891.817
                                              Lain - lain/Others                6.019.250               724.897

                                                                               67.553.841            60.468.808                  8,31%              14,24%




                                                                                                              89

558
Page 559
                                                                                                           The original consolidated financial statements




                                                                                                                                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                            included herein are in Indonesian language.

                                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                                                 (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)

29. SIFAT RELASI DAN TRANSAKSI DENGAN PIHAK-                                     29. NATURE      OF  RELATIONSHIP AND
    PIHAK BERELASI (lanjutan)                                                        TRANSACTIONS WITH RELATED PARTIES
                                                                                     (continued)

   Saldo dan transaksi dengan pihak-pihak berelasi                                    Balances and transactions with related parties
   (lanjutan)                                                                         (continued)




                                                                                                                                                            Operational Excellence For Reliable Aviation Services
   Saldo terkait                dengan        pihak-pihak       berelasi               Balances with related parties (continued)
   (lanjutan)
                                                                                                 % terhadap Aset/
                                                         Jumlah/Total                 (Liabilitas)/% to Assets/(Liabilities)
                                                  2025                  2024                2025                  2024

    Aset kontrak/Contract assets
       Garuda                                     43.638.745             25.896.811
       Citilink                                    7.900.898              1.559.123

                                                  51.539.643             27.455.934                6,33%                 6,47%


    Utang usaha - bagian jangka pendek/
    Trade payables - current portion
       PT Angkasa Pura Indonesia                   2.092.656                519.036
       Citilink                                    1.804.186              1.804.186
       Garuda                                      1.430.323              2.035.569
       PT Aerotrans Services
           Indonesia                                315.194                173.338
       PT Gapura Angkasa                             17.536                104.094
       Lain - lain/Others                           291.012                229.142

                                                   5.950.907              4.865.365                0,85%                 0,71%


    Akrual/Accruals
       Garuda                                      5.315.146              5.732.524
       PT Aerotrans Services
           Indonesia                                357.659                197.335
       PT Aero Systems Indonesia                    294.928                310.547
       Citilink                                     292.011                255.135
       PT Gapura Angkasa                            134.519                263.462
       Lain - lain/Others                            26.055                 51.736

                                                   6.420.318              6.810.739                0,92%                 1,00%


    Utang usaha - bagian jangka panjang/
    Trade payables - non-current portion
       PT Angkasa Pura II (Persero)                2.110.480              2.635.490                0,30%                 0,39%

    Liabilitas sewa/Lease liabilities
       PT Angkasa Pura Indonesia                  10.749.574             43.105.400
       Lain-lain/Others                              249.623                505.038

                                                  10.999.197             43.610.438                1,58%                 6,39%


    Pinjaman jangka panjang/
       Long-term loans
       BNI                                       174.792.815            184.427.816
       BRI                                       125.325.232            130.545.333

                                                 300.118.047            314.973.149             42,97%                46,15%


    Liabilitas kontrak/Contract liabilities
       Citilink                                   59.591.104             17.646.127
       Garuda                                     53.815.978             43.953.199

                                                 113.407.082             61.599.326             16,24%                   9,03%




                                                                                90

                                                                                                                                                            559
Page 560
                                                                                                                                        The original consolidated financial statements
                                                                                                                                         included herein are in Indonesian language.

                                                                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                                        (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

                                      29. SIFAT RELASI DAN TRANSAKSI DENGAN PIHAK-                             29. NATURE      OF  RELATIONSHIP AND
                                          PIHAK BERELASI (lanjutan)                                                TRANSACTIONS WITH RELATED PARTIES
                                                                                                                   (continued)

                                         Saldo dan transaksi dengan pihak-pihak berelasi                            Balances and transactions with related parties
                                         (lanjutan)                                                                 (continued)

                                         Transaksi dengan pihak-pihak berelasi                                      Transaction with related parties

                                                                                                                     % terhadap Beban keuangan/
                                                                                        Jumlah/Total                      % to Finance costs

                                                                                 2025                  2024              2025                2024

                                          Beban keuangan/Finance costs
                                            BNI                                   5.663.281             6.104.038
                                            BRI                                   4.227.981             4.640.335
                                            Lain-lain/Others                      1.919.682                     -

                                                                                 11.810.944            10.744.373           53,28%              65,09%



                                                                                                                     % terhadap Beban operasional/
                                                                                        Jumlah/Total                    % to Operating Expenses

                                                                                 2025                  2024              2025                2024

                                          Beban usaha/Operating expenses
                                            PT Angkasa Pura Indonesia             7.963.998             8.294.962
Laporan Keuangan - Financial Report




                                            PT Asuransi Jiwa Inhealth
                                                Indonesia                         5.493.853             4.901.811
                                            Garuda                                2.316.212             1.517.443
                                            PT PLN (Persero)                      2.296.578             1.541.373
                                            PT Dirgantara Indonesia               2.284.571
                                             PT Aerotrans Services Indonesia      1.862.870             1.812.296
                                            BPJS Kesehatan                        1.648.161             1.581.267
                                            Citilink                                962.528             1.084.830
                                            PT Aero Systems Indonesia               712.803               614.557
                                            PT Gapura Angkasa                       189.114               674.256
                                            PT Telekomunikasi Indonesia
                                                (Persero) Tbk                      171.160               194.402
                                            Lain - lain/Others                     769.162               860.780

                                                                                 26.671.010            23.077.977               6,18%               6,09%



                                         Pendapatan dari pihak berelasi dan manfaat pada                            Revenues from related parties and benefits to the
                                         Komisaris dan Direktur Grup                                                Commissioners and Directors of the Group

                                         a.    Untuk tahun yang berakhir pada tanggal                               a.    For the year ended December 31, 2025 and
                                               31 Desember 2025 dan 2024, pendapatan dari                                 2024, revenues from related parties constituted
                                               pihak berelasi masing-masing merupakan                                     72.65% and 78.01%, respectively of the total
                                               72,65% dan 78,01% dari total pendapatan.                                   revenues.

                                               Rincian pendapatan dari pihak berelasi adalah                              The details of revenues from related parties are
                                               sebagai berikut:                                                           as follows:

                                                                                               2025                       2024

                                               Garuda                                          210.196.171                221.315.621                                         Garuda
                                               Citilink                                        139.799.552                 96.425.535                                          Citilink
                                               PT Pertamina (Persero)                            4.700.576                  7.221.829                         PT Pertamina (Persero)
                                               PT PLN (Persero)                                    777.218                  1.489.890                               PT PLN (Persero)
                                               PT Gapura Angkasa                                   731.387                    467.415                            PT Gapura Angkasa
                                               PT Kereta Api Indonesia (Persero)                   591.222                    232.045               PT Kereta Api Indonesia (Persero)
                                               PT Pupuk Indonesia (Persero)                        531.294                      6.499                  PT Pupuk Indonesia (Persero)
                                               Lain-lain                                            44.887                  1.437.420                                         Others

                                               Jumlah                                          357.372.307                328.596.254                                             Total




                                                                                                              91

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Page 561
                                                                                The original consolidated financial statements




                                                                                                                                 PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                 included herein are in Indonesian language.

                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

29. SIFAT RELASI DAN TRANSAKSI DENGAN PIHAK-                  29. NATURE      OF  RELATIONSHIP AND
    PIHAK BERELASI (lanjutan)                                     TRANSACTIONS WITH RELATED PARTIES
                                                                  (continued)

   Saldo dan transaksi dengan pihak-pihak berelasi               Balances and transactions with related parties
   (lanjutan)                                                    (continued)




                                                                                                                                 Operational Excellence For Reliable Aviation Services
   Pendapatan dari pihak berelasi dan manfaat pada               Revenues from related parties and benefits to the
   Komisaris dan Direktur Grup (lanjutan)                        Commissioners and Directors of the Group
                                                                 (continued)

   b.    Grup menyediakan manfaat pada Komisaris dan             b.   The Group provides benefits to the
         Direktur Grup sebagai berikut:                               Commissioners and Directors of the Group as
                                                                      follows:

                                              2025                    2024
        Komisaris                                                                                            Commissioners
          Imbalan kerja jangka pendek             648.561                787.327                      Short-term benefits
          Imbalan kerja jangka
            panjang lainnya                          74.058                  72.817     Other long-term employee benefits

                                                  722.619                860.144

        Direksi                                                                                                    Directors
           Imbalan kerja jangka pendek          1.479.508               1.762.764                     Short term benefits
           Imbalan kerja jangka
             panjang lainnya                      120.423                247.858      Other long-term employee benefits

                                                1.599.931               2.010.622


         Grup tidak memberikan kompensasi berbasis                    The Group does not provide share-based
         saham kepada manajemen kunci dan tidak                       compensation to key management and there is
         terdapat pesangon pemutusan kontrak kerja                    no severance pay for termination of employment
         kepada manajemen kunci.                                      contracts to key management.


30. INFORMASI SEGMEN                                          30. SEGMENT INFORMATION

   Grup melaporkan segmen-segmen berdasarkan jasa                The Group’s reportable segments are based on its
   yang diberikan:                                               operating divisions:

   a.    Jasa pemeliharaan dan perbaikan pesawat                 a.   Repair and maintenance airframe, engine and
         airframe, engine, dan component,                             component,

   b.    Jasa pemeliharaan dan perbaikan pesawat line            b.   Line maintenance          and    technical     ground
         maintenance dan technical ground handling, dan               handling, and

   c.    Operasi lainnya dari entitas anak.                      c.   Other operations from subsidiary.




                                                          92

                                                                                                                                 561
Page 562
                                                                                                                                                  The original consolidated financial statements
                                                                                                                                                   included herein are in Indonesian language.

                                                                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                                                  (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)

                                      30. INFORMASI SEGMEN (lanjutan)                                                      30. SEGMENT INFORMATION (continued)

                                         Berikut ini adalah informasi segmen berdasarkan                                       The following represents segment information based
                                         segmen operasi:                                                                       on the operating divisions:

                                                                                                                       2025
                                                                                                                              Jumlah
                                                                       Reparasi dan                        Operasi           sebelum
                                                                         overhaul/     Perawatan/         lain-lain/         eliminasi/
                                                                          Repair           Line             Other           Total before        Eliminasi/       Jumlah/
                                                                       and overhaul    maintenance       operations         elimination        Elimination        Total
                                        PENDAPATAN                                                                                                                                       SEGMENT
                                          SEGMEN                        390.033.515      77.923.819        29.973.700         497.931.034        (6.048.240)     491.882.794          REVENUES

                                        LABA SEGMEN                       46.196.953     14.086.648           286.941          60.570.542                    -    60.570.542    SEGMENT INCOME

                                        Penghasilan keuangan                                                                                                         890.900         Finance income
                                        Beban keuangan                                                                                                           (20.210.871)          Finance costs
                                        Beban lain-lain,
                                          neto                                                                                                                      (518.769)   Other expenses, net

                                        Laba sebelum pajak                                                                                                        40.731.802       Income before tax

                                        INFORMASI LAINNYA                                                                                                                    OTHER INFORMATION
                                           ASET                                                                                                                                       ASSETS
                                        Aset tetap segmen               468.596.711       1.836.200           378.077         470.810.988                    -   470.810.988       Segment assets
                                        Aset tidak dapat dialokasi                -               -                 -                   -                    -   342.169.133    Unallocated assets
Laporan Keuangan - Financial Report




                                        Total aset                                                                                                               812.980.121            Total assets


                                        KEWAJIBAN                                                                                                                                       LIABILITIES
                                        Kewajiban tidak dapat
                                          dialokasi                                -              -                 -                   -               -        698.413.061    Unallocated liabilities
                                        Penyusutan                        18.855.079        381.145            95.208          19.331.432               -         19.331.432            Depreciation

                                                                                                                       2024
                                                                                                                               Jumlah
                                                                        Reparasi dan                       Operasi            sebelum
                                                                          overhaul/    Perawatan/         lain-lain/          eliminasi/
                                                                           Repair          Line             Other            Total before        Eliminasi/       Jumlah/
                                                                        and overhaul   maintenance       operations          elimination        Elimination        Total
                                         PENDAPATAN                                                                                                                                           SEGMENT
                                           SEGMEN                       314.331.256      84.801.965        24.983.207         424.116.428        (2.893.242)     421.223.186               REVENUES

                                         LABA SEGMEN                      17.666.924     24.040.770           296.389          42.004.083                    -    42.004.083          SEGMENT INCOME

                                         Penghasilan keuangan                      -                 -                 -                   -                 -       337.803              Finance income
                                         Beban keuangan                            -                 -                 -                   -                 -   (20.166.464)                Finance cost
                                         Penghasilan lain-lain, neto               -                 -                 -                   -                 -     2.568.693             Other income, net

                                         Laba sebelum pajak                                                                                                       24.744.115             Income before tax

                                         INFORMASI LAINNYA                                                                                                                        OTHER INFORMATION
                                            ASET                                                                                                                                           ASSETS
                                         Aset tetap segmen              146.578.794       2.101.273           413.754         149.093.821                    -   149.093.821            Segment assets
                                         Aset tidak dapat dialokasi               -               -                 -                   -                    -   275.536.382         Unallocated assets

                                         Total aset                                                                                                              424.630.203                  Total assets


                                         KEWAJIBAN                                                                                                                                            LIABILITIES
                                         Kewajian tidak dapat
                                           dialokasi                               -              -                 -                   -                    -   682.531.506         Unallocated liabilities
                                         Penyusutan                       18.170.164        439.921            84.684          18.694.769                    -    18.694.769                 Depreciation




                                                                                                                       93

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Page 563
                                                                              The original consolidated financial statements




                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

31. PERIKATAN                                                 31. COMMITMENTS

   Grup memiliki bank garansi yang digunakan sebagai             The Group has bank guarantees which were used as
   jaminan pelaksanaan pekerjaan dan rekening debt               work performance guarantees and debt service
   service reserve. Pada tanggal 31 Desember 2025                reserve account. As at December 31, 2025 and 2024,
   dan 2024, bank garansi dijaminkan dengan kas dan              the bank guarantees are secured with cash and cash
   setara kas masing-masing sebesar AS$1.947.588                 equivalents amounting to US$1,947,588 and




                                                                                                                               Operational Excellence For Reliable Aviation Services
   dan AS$902.880, yang ditempatkan dalam rekening               US$902,880, respectively, which was placed in a
   tersendiri.                                                   separate account.


32. MANAJEMEN PERMODALAN                                      32. CAPITAL MANAGEMENT

   Dalam mengelola permodalannya, Grup senantiasa                In managing its capital, the Group safeguards its
   mempertahankan kelangsungan usaha serta                       ability to continue as a going concern and to
   memaksimalkan manfaat bagi pemegang saham dan                 maximise benefits to the shareholders and other
   pemangku kepentingan lainnya.                                 stakeholders.

   Grup secara aktif dan rutin menelaah dan mengelola            The Group actively and regularly reviews and
   permodalannya untuk memastikan struktur modal                 manages its capital to ensure the optimal capital
   dan pengembalian yang optimal bagi pemegang                   structure and return to the shareholders, taking into
   saham, dengan mempertimbangkan efisiensi                      consideration the efficiency of capital use based on
   penggunaan modal berdasarkan arus kas operasi                 operating cash flows and capital expenditure and
   dan belanja modal, serta mempertimbangkan                     also consideration of future capital needs.
   kebutuhan modal di masa yang akan datang.

   Gearing ratio adalah sebagai berikut:                         The gearing ratio is as follows:

                                               2025                  2024
   Pinjaman bank jangka panjang                 372.781.125          391.222.725               Long-term bank borrowings
   Kas dan setara kas                           (40.955.739)         (12.623.481)              Cash and cash equivalents

   Pinjaman - neto                              331.825.386          378.599.244                                  Net debt
   Ekuitas                                      114.567.060         (257.901.303)                                  Equity
   Rasio pinjaman neto
     terhadap ekuitas                              289,63%              (146,80%)                   Net debt to equity ratio



33. MANAJEMEN RISIKO KEUANGAN                                 33. FINANCIAL RISK MANAGEMENT

   Faktor risiko keuangan                                        Financial risk factors

   Aktivitas Grup rentan terhadap berbagai risiko                The Group’s activities are exposed to a variety of
   keuangan: risiko pasar (termasuk risiko nilai tukar           financial risks: market risk (including foreign
   mata uang dan risiko tingkat bunga), risiko kredit dan        exchange risk and interest rate risk), credit risk and
   risiko likuiditas. Program manajemen risiko Grup              liquidity risk. The Group’s overall risk management
   secara keseluruhan dipusatkan pada pasar                      programme focuses on the unpredictability of
   keuangan yang tidak dapat diprediksi dan Grup                 financial markets and seeks to minimise potential
   berusaha untuk memperkecil efek yang berpotensi               adverse effects on the Group’s financial
   merugikan kinerja keuangan Grup.                              performance.




                                                            94

                                                                                                                               563
Page 564
                                                                                                                         The original consolidated financial statements
                                                                                                                          included herein are in Indonesian language.

                                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                           (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)

                                      33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                       33. FINANCIAL RISK MANAGEMENT (continued)

                                         Faktor risiko keuangan (lanjutan)                               Financial risk factors (continued)

                                         Grup menggunakan berbagai metode untuk                          The Group uses various methods to measure the risk
                                         mengukur risiko yang dihadapinya. Metode ini                    to which it is exposed. These methods include
                                         meliputi analisis sensitivitas untuk risiko tingkat suku        sensitivity analysis in the case of interest rates,
                                         bunga, nilai tukar dan risiko harga lainnya dan                 foreign exchange and other price risks and aging
                                         analisis umur piutang untuk risiko kredit.                      analysis for credit risk.

                                         a.   Risiko pasar                                               a.   Market risk

                                              (i)   Risiko nilai tukar mata uang asing                        (i)    Foreign currency exchange risk

                                                    Grup rentan terhadap risiko nilai tukar mata                     The Group is exposed to currency
                                                    uang yang timbul dari berbagai eksposur                          exchange risk arising from various non-
                                                    mata uang non-fungsional, terutama                               functional currency exposures, primarily
                                                    terhadap Rupiah. Risiko nilai tukar mata                         with respect to the Rupiah. Non-functional
                                                    uang non-fungsional timbul dari transaksi                        exchange      risk    arises from   future
                                                    komersial di masa depan serta aset dan                           commercial transactions and recognised
                                                    liabilitas yang diakui.                                          assets and liabilities.

                                                    Manajemen telah membuat kebijakan untuk                          Management has set up a policy to require
Laporan Keuangan - Financial Report




                                                    mengelola masing-masing risiko nilai tukar                       companies within the Group to manage
                                                    mata uang non-fungsional terhadap mata                           their non-functional exchange risk against
                                                    uang fungsional Grup.                                            their functional currency.

                                                    Kebijakan berkaitan dengan risiko nilai                          The policy currently applied in connection
                                                    tukar yang saat ini dijalankan adalah secara                     with exchange rate risk is natural (i,e,
                                                    natural (tanpa lindung nilai) yaitu:                             without hedging), as follows:

                                                       Grup memanfaatkan peluang harga                                  The Group takes advantage of
                                                        pasar nilai tukar mata uang lainnya                               opportunities in the market prices of
                                                        (multi-currency)    untuk     menutup                             other currencies (multi-currency) to
                                                        kemungkinan risiko melemahnya nilai                               cover possible risk of weakening value
                                                        tukar fungsional dan begitu sebaliknya,                           of the functional currency, and vice
                                                        sehingga secara natural risiko adanya                             versa. Thus, in a natural way, the risks
                                                        pergerakan nilai tukar mata uang non-                             of non-functional currency exchange
                                                        fungsional bisa dikurangi. Transaksi                              rate movements will be reduced.
                                                        valuta mata uang bisa dilakukan                                   Currency transactions are always
                                                        dengan selalu mempertimbangkan                                    conducted     by     considering     the
                                                        kurs yang menguntungkan Grup.                                     exchange rates favourable to the
                                                                                                                          Group.

                                                       Grup mengatur risiko dengan berusaha                             The Group manages the risk by
                                                        menyelaraskan      penerimaan    dan                              matching receipt and payment in each
                                                        pembayaran untuk setiap jenis mata                                individual currency.
                                                        uang.




                                                                                                    95

564
Page 565
                                                                                                            The original consolidated financial statements




                                                                                                                                                                        PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                             included herein are in Indonesian language.

                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                                                 (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)

33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                         33. FINANCIAL RISK MANAGEMENT (continued)

   Faktor risiko keuangan (lanjutan)                                                 Financial risk factors (continued)

   a.   Risiko pasar (lanjutan)                                                          a. Market risk (continued)

        (i)     Risiko nilai tukar mata uang asing (lanjutan)                                 (i)     Foreign currency exchange risk (continued)




                                                                                                                                                                        Operational Excellence For Reliable Aviation Services
                Pada tanggal 31 Desember 2025 dan                                                     As at December 31, 2025 and 2024, the
                2024, Grup memiliki aset dan liabilitas                                               Group had monetary assets and liabilities
                moneter dalam mata uang non-fungsional                                                denominated in non-functional currencies
                sebagai berikut:                                                                      as follows:
                                                                                  2025
                                                Rupiah/              Rupiah               Mata uang lain         Jumlah setara
                                                 Rp/              (dalam AS$)/             (dalam AS$)/              AS$/
                                                Rupiah/              Rupiah              Other currencies            US$
                                                  Rp                (in US$)                 (in US$)             Equivalents
              ASET                                                                                                                                         ASSETS
              Kas dan setara kas dan
                     kas dan setara kas                                                                                             Cash and cash equivalents and
                     yang dibatasi                                                                                                        restricted cash and
                     penggunaannya            505.285.113.956         30.108.754                     91.793           30.200.547            cash equivalents
              Investasi jangka pendek           2.422.766.994            144.367                           -             144.367            Short-term Investment
              Piutang usaha                 1.128.162.607.831         67.224.563                    104.931           67.329.494                 Trade receivables
              Piutang lain-lain                30.990.966.978          1.846.679                           -           1.846.679                  Other receivables
              Total aset moneter            1.666.861.455.759         99.324.363                    196.724           99.521.087             Total monetary assets



              LIABILITAS                                                                                                                              LIABILITIES
              Utang usaha                    (257.974.011.612 )       (15.372.066)              (1.094.874)          (16.466.940)                   Trade payables
              Utang lain-lain                  (61.071.141.252)        (3.639.086)                        -           (3.639.086)                   Other payables
              Akrual                         (161.998.911.570 )        (9.653.135)                 (92.340)           (9.745.475)                         Accruals
              Liabilitas sewa                (201.051.039.069 )       (11.980.160)                       -           (11.980.160)                   Lease liabilities
              Total liabilitas moneter       (682.095.103.503 )       (40.644.447)              (1.187.214)          (41.831.661)          Total monetary liabilities

              Aset moneter neto               984.766.352.256         58.679.916                    (990.490)         57.689.426              Net monetary assets


                                                                                  2024
                                                Rupiah/              Rupiah               Mata uang lain         Jumlah setara
                                                 Rp/              (dalam AS$)/             (dalam AS$)/              AS$/
                                                Rupiah/              Rupiah              Other currencies            US$
                                                  Rp                (in US$)                 (in US$)             Equivalents
              ASET                                                                                                                                         ASSETS
              Kas dan setara kas dan
                     kas dan setara kas                                                                                             Cash and cash equivalents and
                     yang dibatasi                                                                                                        restricted cash and
                     penggunaannya            156.804.451.290          9.702.045                       1.563           9.703.608            cash equivalents
              Investasi jangka pendek           2.152.826.886            133.203                           -             133.203            Short-term Investment
              Piutang usaha                 1.055.201.804.363         65.289.061                           -          65.289.061                 Trade receivables
              Piutang lain-lain                43.173.114.226          2.671.273                           -           2.671.273                  Other receivables
              Total aset moneter            1.257.332.196.765         77.795.582                       1.563          77.797.145             Total monetary assets


              LIABILITAS                                                                                                                              LIABILITIES
              Utang usaha                    (273.240.688.262)        (16.906.366)              (2.328.617)          (19.234.983)                   Trade payables
              Utang lain-lain                 (68.208.504.762)         (4.220.301)                       -            (4.220.301)                   Other payables
              Akrual                         (389.549.518.182)        (24.102.804)                   4.325           (24.098.479)                         Accruals
              Liabilitas sewa                (731.667.461.538 )       (45.270.849)                       -           (45.270.849)                   Lease liabilities
              Total liabilitas moneter      (1.462.666.172.744)       (90.500.320)              (2.324.292)          (92.824.612)          Total monetary liabilities
              Liabilitas moneter neto        (205.333.975.979)        (12.704.738)              (2.322.729)          (15.027.467)           Net monetary liabilities




                                                                            96

                                                                                                                                                                        565
Page 566
                                                                                                                            The original consolidated financial statements
                                                                                                                             included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                             (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)

                                      33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                       33. FINANCIAL RISK MANAGEMENT (continued)

                                         Faktor risiko keuangan (lanjutan)                                Financial risk factors (continued)

                                         a.   Risiko pasar (lanjutan)                                     a.    Market risk (continued)

                                              (i)    Risiko nilai tukar mata uang asing (lanjutan)              (i)     Foreign currency exchange risk (continued)

                                                    Pada tanggal 31 Desember 2025 dan                                 As     at   December        31,     2025    and
                                                    2024, sensitivitas untuk perubahan 100 basis                      2024, sensitivity to a 100 basis point change
                                                    point nilai tukar mata uang fungsional (AS$)                      in the exchange rate of functional currency
                                                    terhadap saldo mata uang non-fungsional                           (US$) against significant outstanding non-
                                                    yang signifikan pada akhir periode pelaporan,                     functional currency at the end of the reporting
                                                    dengan variabel lain konstan terhadap laba                        period, with other variables held constant, of
                                                    setelah pajak Grup adalah sebagai berikut:                        the Group’s profit after tax is as follows:

                                                                           Perubahan       Dampak terhadap laba sebelum pajak/
                                                                              kurs/              Effect on profit before tax
                                                                           Changes in
                                                                          currency rate          2025                     2024

                                                     Rupiah                           1%              586.799                (266.337)                             Rupiah

                                                    Manajemen berpendapat bahwa analisis                              In management’s opinion, the sensitivity
Laporan Keuangan - Financial Report




                                                    sensitivitas     ini     bukan      merupakan                     analysis is not representative of the inherent
                                                    representasi risiko nilai tukar mata uang non-                    non-functional exchange risk because the
                                                    fungsional yang melekat karena eksposur                           year end exposure does not reflect the
                                                    pada akhir periode bukan cerminan eksposur                        exposure during the year. Sales and
                                                    selama      periode     yang     bersangkutan.                    purchases denominated in non-functional
                                                    Pendapatan dan pembelian dalam mata                               currency are dependent on the fluctuations in
                                                    uang non-fungsional tergantung pada                               volume of sales and purchases and use of
                                                    fluktuasi volume penjualan dan pembelian                          cash and cash equivalents that can impact
                                                    serta penggunaan kas dan setara kas dapat                         non-functional     currency      denominated
                                                    mengakibatkan perubahan akun moneter                              monetary items.
                                                    dalam mata uang non-fungsional.

                                                    Apabila aset dan liabilitas dalam mata uang                       If the assets and liabilities in foreign currencies
                                                    asing pada tanggal 31 Desember 2025                               as at December 31, 2025, had been translated
                                                    dijabarkan dengan menggunakan kurs                                using the Bank Indonesia mid-rates as at
                                                    tengah Bank Indonesia pada tanggal                                March 25, 2026, the total net foreign currency
                                                    25 Maret 2026, maka aset neto dalam mata                          assets of the Group would be decreased by
                                                    uang asing Grup akan menurun sebesar                              US$699 thousand.
                                                    AS$699 ribu.

                                                    Grup menganalisis eksposur dari risiko                            The Group analyses its interest rate exposure
                                                    bunga secara dinamis. Beberapa skenario                           on a dynamic basis. Various scenarios are
                                                    disimulasikan      dengan       beberapa                          simulated taking into consideration the
                                                    pertimbangan seperti pembiayaan kembali,                          refinancing of existing positions, and
                                                    memperbaharui dari kondisi yang ada dan                           alternative financing. Based on the above
                                                    alternatif lain pembiayaan. Berdasarkan                           scenarios, the Group manages its cash flow
                                                    skenario tersebut di atas, Grup mengelola                         interest rate risk by refinancing borrowings at
                                                    risiko arus kas dari suku bunga dengan                            a lower interest rate.
                                                    melakukan pembiayaan pinjaman dengan
                                                    suku bunga yang lebih rendah.




                                                                                                     97

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Page 567
                                                                                          The original consolidated financial statements




                                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                           included herein are in Indonesian language.

                               PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                                  (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                           33. FINANCIAL RISK MANAGEMENT (continued)

   Faktor risiko keuangan (lanjutan)                                    Financial risk factors (continued)

   a.   Risiko pasar (lanjutan)                                        a. Market risk (continued)

        (ii)    Risiko tingkat bunga                                          (ii)    Interest rate risk




                                                                                                                                             Operational Excellence For Reliable Aviation Services
                Risiko suku bunga Grup terutama timbul                                The Group’s interest rate risk arises from
                dari pinjaman dalam mata uang Dolar AS                                long-term borrowing denominated in US
                dan Rupiah. Risiko suku bunga dari kas                                Dollars and Rupiah. The interest rate risk on
                tidak signifikan dan semua instrumen                                  cash is not significant and all other financial
                keuangan lainnya tidak dikenakan bunga.                               instruments are not interest bearing.

                Pinjaman yang diterbitkan dengan tingkat                              Borrowings issued at variable rates expose
                bunga variabel mengekspos Grup terhadap                               the Group to cash flow interest rate risk.
                risiko suku bunga arus kas.

                Berikut ini analisis sensitivitas, ditentukan                         The sensitivity analysis below was
                berdasarkan eksposur suku bunga terhadap                              determined based on the exposure of the
                liabilitas keuangan yang menggunakan                                  financial liabilities to floating interest rates at
                suku bunga mengambang pada akhir                                      the end of the reporting period. The analysis
                periode pelaporan. Analisis ini disajikan                             is prepared assuming the amount of the
                dengan asumsi liabilitas keuangan pada                                liability outstanding at the end of the
                akhir periode pelaporan masih beredar                                 reporting period was outstanding for the
                sepanjang periode, dengan variabel lain                               whole period, with other variables held
                konstan terhadap laba setelah pajak Grup.                             constant, of the Group’s profit after tax.

                                         Perubahan       Dampak terhadap laba sebelum pajak/
                                       tingkat suku/             Effect on profit before tax
                                         Changes in
                                        interest rate          2025                     2024

               Suku bunga                                                                                                    Interest rate
                 penguatan                          1%              384.958                 400.061                     strengthening

                Risiko kredit yang dihadapi Grup adalah                               The credit risk faced by the Group is the risk
                risiko ketidakmampuan dari debitur untuk                              of the inability of debtors to fulfill their
                memenuhi liabilitas keuangannya sesuai                                financial obligations in accordance with the
                dengan persyaratan-persyaratan yang                                   terms of the agreement. This exposure
                telah disepakati bersama. Eksposur                                    derives mainly from the risk of customers
                tersebut terutama berasal dari risiko                                 failing to fulfill their obligations.
                pelanggan      akan   gagal   memenuhi
                liabilitasnya.

                 Semua kas di bank, deposito berjangka,                               All the cash in banks, time deposits and
                 dan     deposito berjangka yang dibatasi                             restricted time deposits are placed in
                 penggunaannya ditempatkan di bank yang                               reputable banks.
                 memiliki reputasi baik.




                                                                 98

                                                                                                                                             567
Page 568
                                                                                                                        The original consolidated financial statements
                                                                                                                         included herein are in Indonesian language.

                                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                         (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)

                                      33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                        33. FINANCIAL RISK MANAGEMENT (continued)

                                         Faktor risiko keuangan (lanjutan)                               Financial risk factors (continued)

                                         a.   Risiko pasar (lanjutan)                                     a.    Market risk (continued)

                                              (ii)   Risiko tingkat bunga (lanjutan)                            (ii) Interest rate risk (continued)

                                                     Grup memiliki tujuan untuk memperoleh                         The Group’s objective is to seek continual
                                                     pertumbuhan         pendapatan         yang                   revenue growth while minimising losses
                                                     berkelanjutan     dengan     meminimalkan                     incurred due to increased credit risk
                                                     kerugian yang terjadi karena eksposur risiko                  exposure. Therefore, The Group has a
                                                     kredit. Karena itu Grup memiliki kebijakan                    Customer Remittance Policy to ensure that
                                                     pembayaran        pelanggan      (Customer                    the transactions which generate income are
                                                     Remittance Policy) untuk memastikan                           carried out with customers who have a good
                                                     bahwa transaksi yang menghasilkan                             credit record, and establishment of credit
                                                     pendapatan dilakukan dengan pelanggan                         limit term of sales, maximum receivables
                                                     yang mempunyai catatan kredit yang baik,                      and term of payment in accordance with
                                                     serta penentuan batasan kredit syarat                         previous payment history.
                                                     penjualan, batasan piutang dan penentuan
                                                     pola pembayaran sesuai data perilaku
                                                     pembayaran sebelumnya.
Laporan Keuangan - Financial Report




                                          b. Risiko kredit                                                b. Credit risk

                                              Pendapatan usaha Grup terutama berasal dari                      The Group’s revenues come mostly from related
                                              pihak berelasi. Karena itu, Grup memiliki risiko                 parties. Therefore, The Group has allocated a
                                              konsentrasi kredit yang signifikan terhadap pihak                significant concentration of credit risk to these
                                              berelasi tersebut.                                               related parties.

                                              Pelanggan lain Grup sebagian besar terdiri dari                  Most of the Group’s other customers consist of
                                              Grup maskapai penerbangan yang beragam dari                      various domestic and overseas airline
                                              dalam dan luar negeri. Grup memonitor secara                     companies. The Group regularly monitors the
                                              berkala saldo piutang kepada pelanggan untuk                     balance of receivables from such customers to
                                              mengurangi eksposur Grup terhadap piutang                        minimise the Group’s exposure to impairment
                                              tidak tertagih.                                                  losses.

                                              Nilai tercatat aset keuangan pada laporan                        The carrying amount of financial assets recorded
                                              keuangan konsolidasian setelah dikurangi                         in the consolidated financial statements, net of
                                              dengan penyisihan penurunan nilai yang                           any allowance for impairment losses represents
                                              mencerminkan eksposur maksimum risiko kredit                     the maximum credit risk exposure at the
                                              pada tanggal pelaporan adalah sebagai berikut:                   reporting date are as follows:

                                                                                       2025                     2024

                                              Aset keuangan - pinjaman                                                                      Financial assets - loans
                                                yang diberikan dan piutang:                                                                      and receivables:
                                                Kas dan setara kas                       40.955.739             12.623.481             Cash and cash equivalents
                                                Kas dan setara kas yang                                                                      Restricted cash and
                                                    dibatasi penggunaannya                1.947.588                902.880                    cash equivalents
                                                Investasi jangka pendek                     144.367                133.203                Short-term investments
                                                Piutang usaha                            78.169.606             64.514.720                     Trade receivables
                                                Aset kontrak                             66.637.559             41.420.649                        Contract assets
                                                Piutang lain-lain                         1.846.679              2.671.273                     Other receivables

                                              Total                                     189.701.538            122.266.206                                     Total




                                                                                                    99

568
Page 569
                                                                                     The original consolidated financial statements




                                                                                                                                          PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                      included herein are in Indonesian language.

                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                            (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)

33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                        33. FINANCIAL RISK MANAGEMENT (continued)

   Faktor risiko keuangan (lanjutan)                                  Financial risk factors (continued)

   b.    Risiko kredit (lanjutan)                                      b.   Credit risk (continued)

          Jumlah tercatat dari piutang di atas merupakan                    The carrying amount of the above receivable




                                                                                                                                          Operational Excellence For Reliable Aviation Services
          eksposur maksimum risiko kredit Grup.                             represents the Group’s maximum exposure to
                                                                            credit risk.

    c. Risiko likuiditas                                              c.    Liquidity risk

          Risiko likuiditas merupakan risiko yang muncul                    Liquidity risk is defined as a risk that arises in
          dalam situasi dimana posisi arus kas Grup                         situations where the cash inflow from short-term
          mengindikasikan bahwa arus kas masuk dari                         revenue is not enough to cover the cash outflow
          pendapatan jangka pendek tidak cukup untuk                        of short-term expenditure. The Group faced
          memenuhi arus kas keluar untuk pengeluaran                        liquidity issues and deferred the payment of
          jangka pendek. Grup mengalami permasalahan                        certain past due liabilities. See Note 36 related
          likuiditas dan melakukan penundaan atas                           to the Group’s going concern and management’s
          pembayaran berbagai liabilitas yang telah jatuh                   plan to maintain the Group’s ability to continue
          tempo. Lihat Catatan 36 sehubungan dengan                         as a going concern.
          kelangsungan usaha Grup dan rencana
          manajemen          untuk      mempertahankan
          kelangsungan usaha Grup.

          Tabel di bawah ini menganalisa liabilitas                         The table below analyses the Group’s financial
          keuangan Grup pada tanggal pelaporan                              liabilities at the reporting date into relevant
          berdasarkan kelompok jatuh temponya dari sisa                     maturity groupings based on the remaining
          periode hingga tanggal jatuh tempo kontraktual.                   period to the contractual maturity date. The
          Jumlah yang diungkapkan dalam tabel ini adalah                    amounts disclosed in the table represent
          nilai arus kas kontraktual yang tidak terdiskonto                 contractual undiscounted cash flows including
          termasuk estimasi pembayaran bunga:                               estimated interest payments:

                                                                     2025
                                                        Lebih dari satu
                                                          tahun tetapi
                                                        tidak lebih dari
                                           Dalam           lima tahun/       Lebih dari
                                         satu tahun/     Over one year      lima tahun/
                                           Within        but not longer      Over than        Jumlah/
                                          one year      than five years      five years        Total
        Tanpa bunga                                                                                            Non-interest bearing
           Utang usaha                     72.682.804          4.509.833       1.583.055      78.775.692         Trade payables
           Utang lain-lain                  3.639.086                  -               -       3.639.086         Other payables
           Akrual                          59.172.328                  -               -      59.172.328                Accruals
        Tingkat bunga tetap                                                                                       Fixed interest rate
           Utang usaha                      2.250.787         2.115.233                -       4.366.020         Trade payables
           Liabilitas sewa                  5.149.811         7.466.251        2.463.918      15.079.980         Lease liabilities
           Pinjaman jangka panjang         28.708.943       109.609.439      265.760.303     404.078.685   Long-term borrowings
        Tingkat bunga variabel                                                                                 Variable interest rate
           Pinjaman jangka panjang          4.821.647         17.708.959      32.312.046      54.842.652   Long-term borrowings

        Total liabilitas                  176.425.406       141.409.715      302.119.322     619.954.443              Total liabilities




                                                              100

                                                                                                                                          569
Page 570
                                                                                                                                        The original consolidated financial statements
                                                                                                                                         included herein are in Indonesian language.

                                                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                                        (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

                                      33. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                    33. FINANCIAL RISK MANAGEMENT (continued)

                                           Faktor risiko keuangan (lanjutan)                                           Financial risk factors (continued)

                                          c. Risiko likuiditas (lanjutan)                                              c.     Liquidity risk (continued)

                                               Tabel di bawah ini menganalisa liabilitas                                      The table below analyses the Group’s financial
                                               keuangan Grup pada tanggal pelaporan                                           liabilities at the reporting date into relevant
                                               berdasarkan kelompok jatuh temponya dari sisa                                  maturity groupings based on the remaining
                                               periode hingga tanggal jatuh tempo kontraktual.                                period to the contractual maturity date. The
                                               Jumlah yang diungkapkan dalam tabel ini adalah                                 amounts disclosed in the table represent
                                               nilai arus kas kontraktual yang tidak terdiskonto                              contractual undiscounted cash flows including
                                               termasuk      estimasi    pembayaran       bunga:                              estimated interest payments: (continued)
                                               (lanjutan)

                                                                                                                       2024
                                                                                                        Lebih dari satu
                                                                                                          tahun tetapi
                                                                                                        tidak lebih dari
                                                                                        Dalam              lima tahun/         Lebih dari
                                                                                      satu tahun/        Over one year        lima tahun/
                                                                                        Within           but not longer        Over than            Jumlah/
                                                                                       one year         than five years        five years            Total
Laporan Keuangan - Financial Report




                                             Tanpa bunga                                                                                                               Non-interest bearing
                                                Utang usaha                                62.397.064           7.723.976          1.583.055         71.704.095          Trade payables
                                                Utang lain-lain                             4.220.301                   -                  -          4.220.301          Other payables
                                                Akrual                                     51.081.455                   -                  -         51.081.455                 Accruals
                                             Tingkat bunga tetap                                                                                                          Fixed interest rate
                                                Utang usaha                                 2.331.246           2.657.602                -            4.988.848          Trade payables
                                                Liabilitas sewa                             8.797.684          27.424.921       17.885.446           54.108.051          Lease liabilities
                                                Pinjaman jangka panjang                    28.382.866         111.669.240      292.409.445          432.461.551    Long-term borrowings
                                             Tingkat bunga variabel                                                                                                    Variable interest rate
                                                Pinjaman jangka panjang                     4.485.574          18.340.011       36.502.642           59.328.227    Long-term borrowings
                                             Total liabilitas                             161.696.190         167.815.750      348.380.588          677.892.528                Total liabilities



                                      34. REKONSILIASI UTANG NETO DAN TRANSAKSI                                  34. NET DEBT RECONCILIATION AND NON-CASH
                                          NON KAS                                                                    TRANSACTION

                                                                        Pinjaman bank        Pinjaman bank
                                                                        jangka pendek/      jangka panjang/     Liabilitas sewa/
                                                                          Short-term           Long-term             Lease
                                                                          bank loans           bank loans          liabilities              Total
                                        Saldo pada                                                                                                                         Balance as at
                                          31 Desember 2023                     194.603          400.475.514          52.131.616          452.801.733                 December 31, 2023


                                        Arus kas:                                                                                                                                  Cash flows:
                                           Penerimaan                         5.404.057                   -                   -             5.404.057                             Proceeds
                                           Pembayaran                        (5.585.644)        (10.874.438)         (7.472.837)          (23.932.919)                          Repayment
                                        Transaksi non-kas:                                                                                                            Non-cash transaction:
                                           Transaksi offset                           -                   -          (1.189.528)            (1.189.528)                              Offset
                                           Beban bunga                                -           1.176.371           5.195.541              6.371.912                   Interest expense
                                           Penambahan liabilitas sewa                 -                   -           2.149.005              2.149.005            Lease liabilities addition
                                                                                                                                                                         Derecognition of
                                          Penghapusan liabilitas sewa                 -                   -          (2.793.078)            (2.793.078)                 lease liabilities
                                          Laba atas restrukturisasi                   -             445.278                   -                445.278              Gain on restructuring
                                          Efek perubahan kurs                                                                                                         Foreign exchange
                                             mata uang asing                   (13.016)                   -          (2.749.870)            (2.762.886)                     adjustment
                                        Saldo pada                                                                                                                       Balance as at
                                          31 Desember 2024                            -         391.222.725          45.270.849          436.493.574              December 31, 2024




                                                                                                               101

570
Page 571
                                                                                              The original consolidated financial statements




                                                                                                                                                  PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                               included herein are in Indonesian language.

                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                                   (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

34. REKONSILIASI UTANG NETO DAN TRANSAKSI                                34. NET DEBT RECONCILIATION AND NON-CASH
    NON KAS (lanjutan)                                                       TRANSACTION (continued)
                              Pinjaman bank        Pinjaman bank
                              jangka pendek/      jangka panjang/    Liabilitas sewa/
                                Short-term           Long-term            Lease
                                bank loans           bank loans         liabilities             Total




                                                                                                                                                  Operational Excellence For Reliable Aviation Services
  Arus kas:                                                                                                                        Cash flows:
     Penerimaan                      3.283.033                  -                    -           3.283.033                       Proceeds
     Pembayaran                     (3.295.473)       (20.004.877)         (12.678.939)        (35.979.289)                     Repayment
  Transaksi non-kas:                                                                                                    Non-cash transaction:
     Beban bunga                             -          1.563.277           4.255.532               5.818.809             Interest expense
                                                                                                                          Derecognition of
    Penghapusan liabilitas sewa              -                  -          (23.279.579)        (23.279.579)              lease liabilities
    Efek perubahan kurs                                                                                                 Foreign exchange
      mata uang asing                  12.440                   -           (1.587.703)         (1.575.263)                  adjustment
  Saldo pada                                                                                                                Balance as at
    31 Desember 2025                         -        372.781.125          11.980.160          384.761.285            December 31, 2025


   Grup melakukan transaksi investasi dan pendanaan                         The Group entered into non-cash investing and
   yang tidak mempengaruhi kas dan tidak termasuk                           financing activities which are not reflected in the
   dalam laporan arus kas konsolidasian dengan                              consolidated statements of cash flows with details as
   rincian sebagai berikut:                                                 follows:

                                                        2025                       2024

   Pembelian aset tetap                                                                                              Purchase of fixed assets
      melalui uang muka                                     560.728                       891.637                         through advances
   Pembelian aset tetap                                                                                              Purchase of fixed assets
      melalui utang usaha                                   457.713                             -                   through trade payables
   Penambahan aset tetap melalui                                                                              Addition of fixed assets through
      transaksi inbreng                                 329.738.764                25.616.380                           inbreng transaction
   Perolehan aset hak-guna melalui                                                                           Acquisition of right-of-use assets
      liabilitas sewa (Catatan 15)                                   -               2.149.005            through lease liabilities (Note 15)
   Pengurangan liabilitas sewa                                                                                   Deduction of lease liabilities
      melalui piutang lain-lain                                      -               1.189.528                   through other receivables


35. PERJANJIAN SIGNIFIKAN                                            35. SIGNIFICANT AGREEMENT

   Garuda                                                                  Garuda

   Pada tanggal 12 Maret 2018, Perusahaan                                  On March 12, 2018, the Company entered into a
   mengadakan Perjanjian Induk Perawatan Pesawat                           Master Agreement of Aircraft Maintenance with
   dengan Garuda, pihak berelasi, dimana Perusahaan                        Garuda, a related party, whereby Group agreed to act
   setuju untuk menjadi penyedia jasa MRO Garuda.                          as Garuda's MRO provider.

   Ruang lingkup pekerjaan umumnya adalah jasa                             The scope of work for these services mostly is line
   perawatan.                                                              maintenance.

   Perjanjian di amandemen dengan amandemen                                The agreement has been amended with the latest
   terakhir berupa berita acara kesepakatan                                minutes of agreement on the extension and adjustment
   perpanjangan dan penyesuaian perjanjian induk                           of the master agreement for aircraft maintenance on 13
   perawatan pesawat pada 13 September 2023.                               September 2023. The agreement period is for 5 year
   Jangka waktu perjanjian adalah 5 tahun dengan tarif                     and the rate has been determined in advance.
   yang sudah ditentukan di awal.

   Pada tahun 2025 dan 2024, pendapatan dari                                In 2025 and 2024, revenue generated from the
   perjanjian tersebut masing-masing adalah sebesar                         agreement amounting to US$88.91 million and
   AS$88,91 juta dan AS$71,64 juta.                                         US$71.64 million, respectively.



                                                                     102

                                                                                                                                                  571
Page 572
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                                                      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
                                                 (Dinyatakan dalam Dolar AS,                                       (Expressed in US Dollars,
                                                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)

                                      35. PERJANJIAN SIGNIFIKAN (lanjutan)                     35. SIGNIFICANT AGREEMENT (continued)

                                         Sewa Hangar Garuda                                          Lease Hangar Garuda

                                         Pada tanggal 27 Maret 2003, Grup menandatangani             On March 27, 2003, the Group signed a contract
                                         perjanjian  kontrak    dengan    Garuda    untuk            agreement with Garuda for the use of building
                                         penggunaan fasilitas bangunan. Disepakati bahwa             facilities. It was agreed that the Group would use a
                                         Perusahaan akan menggunakan bangunan seluas                 building with an area of 140,026.5 m². For this usage,
                                         140.026,5 m². Atas penggunaan tersebut, Grup                the Group was charged a contribution fee of
                                         dikenakan biaya kontribusi sebesar Rp730.034.078            Rp730,034,078 per month.
                                         per bulan.

                                         Grup dan Garuda menandatangani perjanjian                   The Group and Garuda signed a contract agreement
                                         kontrak pada tanggal 31 Maret 2008 terkait                  on 31 March 2008, regarding changes in the building
                                         perubahan luas bangunan yang digunakan oleh                 area used by the Group to 151,107 m², and the
                                         GMF menjadi 151.107 m², dan biaya kontribusi                contribution fee increased to Rp880,045,324 per
                                         meningkat menjadi Rp880.045.324 per bulan.                  month.

                                         Grup menerapkan PSAK 116: Sewa secara efektif               The Group effectively applied PSAK 116: Leases for
                                         untuk tahun buku yang dimulai pada 1 Januari 2020.          the fiscal year starting on 1 January 2020. This
                                         Penerapan ini berdampak pada pengakuan "Aset                application impacted the recognition of "Right-of-Use
                                         Hak-Guna" dan "Liabilitas Sewa" atas kontrak                Assets" and "Lease Liabilities" related to the contract
                                         dengan Garuda terkait fasilitas bangunan.                   with Garuda concerning building facilities.
Laporan Keuangan - Financial Report




                                         Pada Rapat Umum Pemegang Saham Luar Biasa                   At the Extraordinary General Meeting of Shareholders
                                         yang diadakan pada tanggal 28 Oktober 2024,                 held on 28 October 2024, it was agreed to excercise
                                         disepakati pelaksanaan PHMETD di mana Garuda                PHMETD, where Garuda participated through an
                                         berpartisipasi melalui transaksi inbreng atas               inbreng transaction on the ownership of the Hangar
                                         kepemilikan Hangar dan bangunan Annex Garuda.               and Garuda's Annex buildings. This transaction
                                         Transaksi ini mengakibatkan penghapusan liabilitas          resulted in the derecognition of the Group’s lease
                                         sewa dan asset hak-guna Grup berdasarkan                    liabilities and its right-of-use assets based on the
                                         penghentian kontrak antara Garuda dan Grup                  termination contract between Garuda and the Group
                                         dengan nomor surat GMF/PERJ./DT-3188/2024                   with letter number GMF/PERJ./DT-3188/2024 dated
                                         tertanggal 30 Desember 2024.                                December 30, 2024.

                                         Citilink                                                    Citilink

                                         Pada tanggal 19 September 2013, Perusahaan                  On September 19, 2013, the Company entered into a
                                         mengadakan Perjanjian Induk Perawatan Pesawat               Master Agreement of Aircraft Maintenance with
                                         dengan Citilink, pihak berelasi, dimana Perusahaan          Citilink, a related party, whereby the Company agreed
                                         setuju untuk menjadi penyedia jasa MRO Citilink.            to act as Citilink's MRO provider. The scope of work
                                         Ruang lingkup pekerjaan umumnya adalah jasa                 for this service is mostly line maintenance.
                                         perawatan.

                                         Perjanjian di amandemen dengan amandemen                    The agreement has been amended with the latest
                                         terakhir berupa berita acara kesepakatan tarif              minutes of agreement on aircraft maintenance rate
                                         perawatan pesawat dengan pola power by the hour             with Power by the hour scheme on 1 April 2024. The
                                         pada 1 April 2024. Jangka waktu perjanjian adalah 5         agreement period is for 5 years with the tariff has been
                                         tahun dengan tarif yang sudah ditentukan di awal.           determined in advance.

                                         Pada tahun 2025 dan 2024, pendapatan dari                   In 2025 and 2024, revenue generated from the
                                         perjanjian  tersebut  masing-masing sebesar                 agreement amounting to US$46.94 million and
                                         AS$46,94 juta dan AS$53,78 juta.                            US$53.78 million, respectively.




                                                                                               103

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Page 573
                                                                               The original consolidated financial statements




                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

35. PERJANJIAN SIGNIFIKAN (lanjutan)                       35. SIGNIFICANT AGREEMENT (continued)

   Angkasa Pura Indonesia                                        Angkasa Pura Indonesia

   Pada tanggal 1 Maret 2017, Perusahaan                         On 1 March 2017, the Company entered a contract
   menandatangani       perjanjian  kontrak  dengan              agreement with Angkasa Pura Indonesia (Persero)
   PT Angkasa Pura Indonesia (Persero) (sebelumnya               (previously Angkasa Pura II) for the utilisation of




                                                                                                                                Operational Excellence For Reliable Aviation Services
   Angkasa Pura II) untuk kerja sama pemanfaatan                 commercial facilities on land covering an area of
   fasilitas komersial lahan seluas 972.123 m2 (tidak            972,123 m2 (unaudited) and for a concession related
   diaudit) dan konsesi usaha berkaitan dengan jasa              to aircraft maintenance services.
   pemeliharaan pesawat.

   Perusahaan dan Angkasa Pura Indonesia                         The Company and Angkasa Pura Indonesia signed an
   menandatangani    Berita  Acara   kesepakatan                 amendment for the extension of commercial facilities
   perpanjangan kerja sama pemanfaatan fasilitas                 on   November      23,   2022    utilisation   until
   komersial pada 23 November 2022 dengan jangka                 December 31, 2026.
   waktu sampai dengan 31 Desember 2026.

   Pada       8    Desember       2025,    Perusahaan            On December 8, 2025, the Company entered into an
   menandatangani addendum perjanjian kerja sama                 addendum to the contract agreement with Angkasa
   dengan       Angkasa     Pura    Indonesia   terkait          Pura Indonesia related to the utilisation of commercial
   pemanfaatan fasilitas komersial dan konsesi usaha             facilities and for a concession related to aircraft
   berkaitan dengan jasa pemeliharaan pesawat.                   maintenance services. The addendum changed the
   Adendum tersebut mengubah skema kerja sama                    scheme for the commercial facilities from a lease
   atas fasilitas komersial dari sewa menjadi revenue            arrangement to a revenue-sharing arrangement.
   sharing. Berdasarkan ketentuan baru, imbalan                  Under the revised terms, the revenue-sharing fee is
   revenue sharing ditetapkan berdasarkan total                  determined based on total revenue, with a minimum
   pendapatan dengan minimum tahunan serta tarif                 annual revenue and a monthly rate of 2.85%.
   2,85% per bulan.

   PT PPA Finance                                                PT PPA Finance

   Pada 20 Desember 2023, Grup memperoleh fasilitas              On December 20, 2023, the Group obtained a working
   pembiayaan modal kerja anjak piutang dari PT PPA              capital      financing       factoring  facility   from
   Finance dengan fasilitas maksimum sebesar                     PT PPA Finance with a maximum facility amounting to
   Rp20.000.000.000 (nilai penuh). Jaminan atas                  Rp20,000,000,000 (full value). The collateral for this
   pembiayaan ini adalah faktur dan atau dokumen                 financing consists of invoices and/or other documents
   lainnya yang dilampirkan sebagai syarat penagihan             which will be attached as a requirement for collection
   kepada konsumen dan jaminan tambahan berupa                   from consumers, along with additional collateral which
   faktur kepada Garuda dan Citilink yang telah                  is some agreed invoices from Garuda and Citilink. The
   disetujui. Jangka waktu fasilitas sampai dengan 19            period facility is until 19 December 2024. Discount rate
   Desember 2024. Tingkat diskonto sebesar 14%                   is 14% charged from trade receivables amount. The
   dibebankan dari nilai piutang usaha. Perjanjian               aforementioned agreement has been amended with
   tersebut diubah terakhir kali pada 3 Januari 2025             latest on January 3, 2025 to amend the maturity date
   untuk memperpanjang jangka waktu fasilitas sampai             to December 19, 2025.
   dengan 19 Desember 2025.

   Sehubungan dengan perjanjian ini, GDPS                        In relation to this agreement, GDPS has to comply with
   diwajibkan memenuhi persyaratan dimana nilai aset             a requirement where it’s assets should be 0.5 times
   harus 0,5 kali lebih besar dari nilai fasilitas. GDPS         greater than the facility. GDPS has complied with the
   telah memenuhi batasan yang diwajibkan dalam                  covenants in the agreement.
   perjanjian.

   Tidak ada jumlah terutang pada 31 Desember 2025               There were no outstanding amount at December 31,
   dan 2024.                                                     2025 and 2024.




                                                           104

                                                                                                                                573
Page 574
                                                                                                                   The original consolidated financial statements
                                                                                                                    included herein are in Indonesian language.

                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      36. KELANGSUNGAN USAHA                                     36. GOING CONCERN.

                                         Grup melaporkan laba bersih sebesar AS$34 juta                The Group reported a net profit of US$34 million for
                                         untuk tahun yang berakhir pada 31 Desember 2025.              year ended December 31, 2025, however as of the
                                         Pada tanggal yang sama, Grup juga melaporkan                  that date, the Group reported accumulated losses
                                         akumulasi kerugian sebesar AS$515,6 juta dan                  amounting to US$515.6 million and its current
                                         liabilitas lancar Grup melebihi total aset lancarnya          liabilities exceeded its current assets by
                                         sebesar AS$1,3 juta. Kondisi ini telah menunjukan             US$1.3 million. This condition shows improvement
                                         perbaikan dibandingkan dengan pencapaian Grup                 compared to the Group’s results for the year ended
                                         untuk        tahun     yang       berakhir      pada          December 31, 2024, in which the Group recorded a
                                         31 Desember 2024 dimana Grup mencatat laba                    net profit of US$27 million, and as of December 31,
                                         bersih sebesar AS$27 juta dan pada tanggal                    2024, the Group recorded accumulated losses of
                                         31 Desember 2024, Grup mencatat akumulasi                     US$549.5 million and current liabilities exceeding
                                         kerugian AS$549,5 juta dan liabilitas lancar melebihi         total current assets by US$31.4 million.
                                         total aset lancar sebesar AS$31,4 juta.

                                         Grup    telah    melakukan        dan   akan terus            The Group has undertaken and will continue to
                                         melaksanakan      inisiatif-inisiatif utama  untuk            implement key initiatives to improve financial and
                                         meningkatkan kinerja keuangan dan operasional                 operational performance as follows:
                                         sebagai berikut:

                                         a. Aspek operasional                                          a. Operational aspects
Laporan Keuangan - Financial Report




                                              Pengembangan dan diversifikasi bisnis.                       Business development and diversification.

                                              Meningkatkan pendapatan dari perusahaan                      Increasing non-affiliated company revenue
                                               non-afiliasi melalui kontrak jangka panjang.                  through long-term contracts.

                                              Zero CoPQ (Cost of Poor Quality) untuk                       Zero CoPQ (Cost of Poor Quality) to maintain
                                               menjaga kualitas layanan melalui berbagai                     service quality through various quality
                                               inisiatif peningkatan   mutu,    sehingga                     improvement initiatives so that the Group's
                                               operasional bisnis Grup dapat berjalan                        business operations can proceed effectively by
                                               secara efektif dengan meminimalkan biaya                      minimizing rework costs.
                                               pengerjaan ulang.

                                              Optimalisasi manajemen rantai pasok, yang                    Optimization of supply chain management,
                                               mencakup pemantauan berkala terhadap                          which involves periodic monitoring of various
                                               berbagai upaya peningkatan pengelolaan                        efforts to improve material management,
                                               material, subkontrak, dan inventaris, guna                    subcontracting, and inventory, to prevent
                                               mencegah kerugian. Grup juga menerapkan                       losses. The Group also implements a Just in
                                               program Just in Time (“JIT”), yaitu komitmen                  Time (“JIT”) program, which is a commitment
                                               dari vendor untuk mengirimkan material                        by vendors to deliver materials when needed.
                                               sesuai kebutuhan.

                                              Untuk menjaga konsistensi dalam QCDS                         To maintain consistency in QCDS (quality, cost,
                                               (kualitas, biaya, pengiriman, layanan), Grup                  delivery, services), the Group conducts regular
                                               melakukan evaluasi dan tinjauan secara                        evaluations and reviews after project
                                               berkala setelah penyelesaian proyek.                          completion.

                                              Pengembangan sumber daya manusia, yang                       Human resource development, which is carried
                                               dilakukan  melalui     pengukuran    dan                      out through periodic measurement and
                                               pemantauan produktivitas karyawan secara                      monitoring of employee productivity.
                                               berkala.




                                                                                                 105

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Page 575
                                                                               The original consolidated financial statements




                                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                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
           (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

36. KELANGSUNGAN USAHA (lanjutan)                          36. GOING CONCERN (continued)

   a. Aspek operasional (lanjutan)                               a. Operational aspects (lanjutan)

        Grup menjalin kemitraan strategis dengan                      The Group is pursuing strategic partnerships
         maskapai penerbangan, penyedia MRO, dan                        with airlines, MRO providers, and Original
         Original Equipment Manufacturers (“OEM”),                      Equipment Manufacturers(“OEM”), ensuring




                                                                                                                                Operational Excellence For Reliable Aviation Services
         dengan memastikan kepatuhan terhadap                           compliance with relevant procedures and
         prosedur yang relevan dan berfokus pada                        focusing on customers from countries with
         pelanggan dari negara-negara dengan                            relatively stable economies and sound financial
         ekonomi yang relatif stabil dan kondisi                        standing.
         keuangan yang sehat.

   b. Aspek keuangan                                             b. Financial aspects

        Peningkatan profitabilitas Grup melalui                       Enhancing the Group's profitability through
         keunggulan operasional di seluruh segmen                       operational excellence across all business
         bisnis.                                                        segments.

        Optimalisasi arus kas. Grup secara konsisten                  Cash Flow Optimization. The Group
         memprioritaskan pengelolaan arus kas yang                      consistently prioritizes effective cash flow
         efektif, dengan memastikan perencanaan dan                     management, ensuring meticulous planning
         pengendalian yang cermat terhadap arus kas                     and control of both inbound and outbound cash
         masuk dan keluar. Grup menerapkan                              flows. The Group exercises stringent control
         pengendalian ketat terhadap kontrak aset dan                   over asset contracts and accounts receivable
         penagihan piutang kepada pelanggan.                            billing to customers.

        Peningkatan ekuitas. Grup secara aktif                        Equity Improvement. The Group is actively
         mengeksplorasi inisiatif tambahan atau opsi                    exploring additional initiatives or other
         aksi korporasi lainnya.                                        corporate actions options.

   Laporan keuangan konsolidasian ini telah disusun              These consolidated financial statements have been
   dengan asumsi bahwa Grup akan terus beroperasi                prepared assuming that the Group will continue to
   secara berkesinambungan, yang mengasumsikan                   operate as a going concern, which assumes that
   bahwa aset akan direalisasikan dan kewajiban akan             assets will be realized and liabilities will be settled
   diselesaikan dalam kegiatan usaha normal. Oleh                within the normal course of business. Therefore, as of
   karena itu, pada tanggal 31 Desember 2025,                    December 31, 2025, management believes that there
   manajemen berkeyakinan bahwa tidak terdapat                   is no material uncertainty that may cast significant
   suatu ketidakpastian material yang dapat                      doubt on the Group’s ability to continue as a going
   menyebabkan keraguan signifikan atas kemampuan                concern.
   Grup untuk mempertahankan kelangsungan
   usahanya.

37. PERISTIWA SETELAH PERIODE PELAPORAN                    37. EVENTS AFTER REPORTING PERIOD

   Perubahan atas modal ditempatkan dan disetor                  Change in the issued and paid-up capital

   Perubahan Anggaran Dasar mengenai peningkatan                 The amendment to the Articles of Association
   modal yang ditempatkan dan disetor penuh, setelah             regarding the increase in issued and fully paid capital,
   pelaksanaan PMHMETD sejumlah 87.269.279.458                   following the implementation of the PMHMETD
   lembar saham, telah dimuat dalam Akta Notaris                 totaling 87,269,279,458 shares, has been included in
   No. 3 oleh Notaris Shanti Indah Lestari, S.H., M.Kn.,         Notarial Deed No. 3 by Notary Shanti Indah Lestari,
   pada tanggal 27 Januari 2026. Pemberitahuan                   S.H., M.Kn., on January 27, 2026. Notification of this
   perubahan ini telah resmi diterima dan dicatat oleh           amendment has been officially received and
   Kementerian Hukum Republik Indonesia, sesuai                  recorded by the Minister of Law of the Republic of
   dengan suratnya No. AHU-AH.01.03-0027489,                     Indonesia,    in    accordance     with     its   letter
   tertanggal 29 Januari 2026.                                   No. AHU-AH.01.03-0027489, dated January 29,
                                                                 2026.




                                                           106

                                                                                                                                575
Page 576
                                                                                                                                   The original consolidated financial statements
                                                                                                                                    included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                                  (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

                                      37. PERISTIWA SETELAH PERIODE PELAPORAN                              37. EVENTS AFTER REPORTING PERIOD (continued)
                                          (lanjutan)

                                        Perubahan atas modal ditempatkan dan disetor                               Change in the issued and paid-up capital (continued)
                                        (lanjutan)

                                         Dampak perubahan struktur modal saham terhadap                            The impact of the change in the capital stock structure
                                         nilai modal saham, tambahan modal disetor dan                             on the balances of share capital, additional paid-in
                                         uang muka atas modal saham adalah sebagai                                 capital, and advance for share capital is as follows:
                                         berikut:

                                                                                         29 January/               31 Desember/
                                                                                         January 29,               December 31,
                                                                                            2026                       2025

                                        Modal saham                                         364.055.490                 356.883.826                                 Share capital
                                        Tambahan modal disetor                              302.039.990                 288.567.252                     Additional paid-in capital

                                        Berikut adalah posisi pemegang saham Perusahaan                         Below is the position of the Company's shareholders
                                        pada tanggal 29 Januari 2026:                                           as of January 29, 2026:
                                                                                         29 Januari/January 29, 2026

                                                                                                    Persentase
                                                                                                   kepemilikan/              Total modal
Laporan Keuangan - Financial Report




                                                                 Total saham/Number of             Percentage of          disetor/ Total paid-
                                                                         shares                     ownership                 up capital

                                        Garuda Indonesia                                                                                                           Garuda Indonesia
                                            Seri A                         25.156.058.796                                          195.806.416                       Series A
                                            Seri B                          9.093.245.600                                           14.081.463                       Series B
                                                                           34.249.304.396                    27,44%                209.887.879

                                        PT Aero Wisata                                                                                                               PT Aero Wisata
                                            Seri A                            254.101.604                                             1.977.842                       Series A
                                            Seri B                             91.850.900                                               141.818                       Series B
                                                                              345.952.504                      0,28%                  2.119.660

                                        Andi Fahrurrozi                                                                                                              Andi Fahrurrozi
                                             (Direktur)                                                                                                                (Director)
                                             Seri A                               144.400                                                1.086                          Series A
                                             Seri B                             2.156.100                                                3.242                          Series B
                                                                                2.300.500                      0,00%                     4.328

                                        Giring Ganesha                                                                                                              Giring Ganesha
                                             Djumaryo                                                                                                                  Djumaryo
                                             (Komisaris)                                                                                                         (Commissioner)
                                             Seri B                              505.000                       0,00%                        756                         Series B

                                        Endang Tardiana                                                                                                            Endang Tardiana
                                            (Direktur)                                                                                                                 (Director)
                                            Seri B                                  3.300                      0,00%                             5                      Series B

                                        Bobi Gumelar Raspati                                                                                                   Bobi Gumelar Raspati
                                             (Direktur)                                                                                                                (Director)
                                             Seri B                                  679                       0,00%                             1                      Series B

                                        PT Angkasa Pura                                                                                                            PT Angkasa Pura
                                            Indonesia                                                                                                                  Indonesia
                                            Seri B                         82.100.173.900                    65,77%                122.883.435                          Series B

                                        Masyarakat (masing-
                                            masing di bawah                                                                                                 Public (each below 5% of
                                            5% dari jumlah)                                                                                                              the total)
                                            Seri A                          2.823.206.700                                           21.230.311                           Series A
                                            Seri B                          5.313.811.455                                            7.929.115                           Series B
                                                                            8.137.018.155                      6,51%                29.159.426

                                                                          124.835.258.434                   100,00%                364.055.490




                                                                                                         107

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Page 577
                                                                              The original consolidated financial statements




                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

37. PERISTIWA SETELAH PERIODE PELAPORAN                  37. EVENTS AFTER REPORTING PERIOD (continued)
    (lanjutan)

  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




                                                                                                                               Operational Excellence For Reliable Aviation Services
   di kawasan tersebut pada akhir Februari 2026.               military actions in the region at the end of February
   Perkembangan ini menyebabkan meningkatnya                   2026. These developments have resulted in
   ketidakpastian geopolitik dan volatilitas di pasar          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 and
  dapat timbul melalui beberapa faktor, termasuk:              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 logistics
        global

       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 indirectly
   dapat memengaruhi operasi dan kinerja keuangan              affect the Group’s operations and financial
   Grup secara tidak langsung.                                 performance.

   Pada tanggal otorisasi atas laporan keuangan                At the date of authorization of these financial
   konsolidasian ini, tidak memungkinkan untuk                 statements, it is not possible to reliably estimate the
   mengestimasi secara andal dampak keuangan yang              financial impact that further escalation of the conflict
   mungkin timbul akibat potensi eskalasi lebih lanjut         may have on the Group’s consolidated financial
   dari konflik tersebut pada laporan keuangan                 statements.
   konsolidasian Grup.

   Manajemen akan terus memonitor perkembangan                 Management will continue to monitor developments
   terkait konflik ini dan menilai potensi dampaknya           relating to the conflict and assess potential
   pada periode pelaporan berikutnya.                          implications in future reporting periods.




                                                         108

                                                                                                                               577
Page 578
                                                                                                                   The original consolidated financial statements
                                                                                                                    included herein are in Indonesian language.

                                                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                     (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)

                                      38. STANDAR    AKUNTANSI YANG TELAH                        38. ACCOUNTING STANDARDS ISSUED BUT NOT
                                          DITERBITKAN NAMUN BELUM BERLAKU                            YET EFFECTIVE
                                          EFEKTIF

                                        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 ini.          effective are disclosed below. The management
                                        Manajemen bermaksud untuk menerapkan standar-                 intends to adopt these standards that are considered
                                        standar tersebut yang dipertimbangkan relevan                 relevant to the Group when they become effective,
                                        terhadap Grup pada saat efektif, dan dampaknya                and the impact to the consolidated financial position
                                        terhadap posisi dan kinerja keuangan konsolidasian            and performance of the Group is still being estimated
                                        Grup masih diestimasi pada tanggal 31 Desember                as of December 31, 2025:
                                        2025:

                                        Mulai efektif pada atau setelah tanggal 1 Januari             Effective beginning on or after January 1, 2026
                                        2026

                                        Amendemen 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 includes a clarification that a
Laporan Keuangan - Financial Report




                                        suatu liabilitas keuangan dihentikan pengakuannya             financial liability is derecognised 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 derecognise
                                        terpenuhi) untuk menghentikan pengakuan liabilitas            financial liabilities settled using an electronic
                                        keuangan yang diselesaikan melalui sistem                     payment system before the settlement date. Further,
                                        pembayaran         elektronik      sebelum   tanggal          additional guidance is added on how the contractual
                                        penyelesaian. Selain itu, panduan tambahan                    cash flows for financial assets with environmental,
                                        ditambahkan mengenai bagaimana arus kas                       social and corporate governance (ESG) and similar
                                        kontraktual untuk aset keuangan dengan fitur                  features should be assessed. The amendments also
                                        lingkungan, sosial, dan tata kelola perusahaan (ESG)          clarifiies what constitute ‘non-recourse features’ and
                                        serta fitur serupa harus dinilai. Amandemen tersebut          what are the characteristics of contractually linked
                                        juga mengklarifikasi apa saja yang merupakan fitur            instruments. The amendments also introduces of
                                        non-recourse dan karakteristik instrumen yang terkait         disclosures for financial instruments with contingent
                                        secara kontraktual. Selain itu, amandemen tersebut            features and additional disclosure requirements for
                                        memperkenalkan persyaratan pengungkapan untuk                 equity instruments classified at fair value through
                                        instrumen keuangan dengan fitur kontinjensi serta             other comprehensive income (OCI).
                                        persyaratan pengungkapan tambahan untuk
                                        instrumen ekuitas yang diklasifikasikan pada nilai
                                        wajar melalui penghasilan komprehensif lain (OCI).

                                        Amandemen tersebut berlaku efektif untuk periode              The Amendments are effective for annual periods
                                        tahunan yang dimulai pada atau setelah 1 Januari              starting on or after January 1, 2026 with early
                                        2026, dengan penerapan dini diperkenankan hanya               adoption permitted for classification of financial
                                        untuk klasifikasi aset keuangan dan pengungkapan              assets and related disclosures only. The Group does
                                        terkait.  Grup     tidak   memperkirakan   bahwa              not anticipate that the amendments will have a
                                        amandemen tersebut akan memberikan dampak                     material effect on the Group’s consolidated financial
                                        material terhadap laporan keuangan konsolidasian              statements.
                                        Grup.




                                                                                                109

578
Page 579
                                                                              The original consolidated financial statements




                                                                                                                               PT Garuda Maintenance Facility Aero Asia Tbk
                                                                               included herein are in Indonesian language.

                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

38. STANDAR       AKUNTANSI YANG TELAH                       38. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                              YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

   Mulai efektif pada atau setelah tanggal 1 Januari              Effective beginning on or after January 1, 2026
   2026 (lanjutan)                                                (continued)




                                                                                                                               Operational Excellence For Reliable Aviation Services
   Amendemen PSAK 109 and PSAK 107: Kontrak                       Amendments to PSAK 109 and PSAK 107: Contracts
   yang Mengacu Pada Listrik Bergantung Alam                      Referencing Nature-dependent Electricity

   Amandemen tersebut mengklarifikasi penerapan                   The amendments clarify the application of the ‘own-
   persyaratan own-use untuk kontrak yang berada                  use’ requirements for in-scope contracts, amend the
   dalam ruang lingkup, mengubah persyaratan                      designation requirements for a hedged item in a cash
   penetapan (designation) atas item yang dilindungi              flow hedging relationship for in-scope contracts, and
   dalam hubungan lindung nilai arus kas untuk kontrak-           add new disclosure requirements to enable investors
   kontrak tersebut, serta menambahkan persyaratan                to understand the effect of these contracts on a
   pengungkapan baru untuk memungkinkan investor                  company’s financial performance and cash flows.
   memahami dampak kontrak tersebut terhadap
   kinerja keuangan dan arus kas perusahaan.

   Amandemen tersebut akan berlaku efektif untuk                  The amendments will take effect for annual reporting
   periode pelaporan tahunan yang dimulai pada atau               periods starting on or after January 1, 2026. Early
   setelah 1 Januari 2026. Penerapan dini                         adoption is allowed, but it must be disclosed. The
   diperbolehkan,     namun     harus     diungkapkan.            amendments concerning the own-use exception are
   Amandemen        terkait  pengecualian      own-use            to be applied retrospectively, while the hedge
   diterapkan     secara    retrospektif,   sedangkan             accounting amendments should be applied
   amandemen akuntansi lindung nilai diterapkan                   prospectively to new hedging relationships
   secara prospektif untuk hubungan lindung nilai baru            designated from the initial application date.
   yang ditetapkan sejak tanggal penerapan awal.                  Additionally, the PSAK 107 disclosure amendments
   Selain itu, amandemen pengungkapan dalam PSAK                  must be implemented alongside the PSAK 109
   107    harus    diterapkan    bersamaan      dengan            amendments. The Group does not anticipate that the
   amandemen PSAK 109. Grup tidak memperkirakan                   amendments will have a material effect on the
   bahwa amandemen tersebut akan memberikan                       Group’s consolidated financial statements.
   dampak material terhadap laporan keuangan
   konsolidasian Grup.

   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 Under
   Sepengendali. Revisi ini mencakup ruang lingkup                Common Control. The revisions cover the scope and
   dan penerapan dari metode penyatuan kepemilikan                application of the pooling of interest method and
   (pooling of interest) dan pelepasan di ekuitas                 disposal in equity as the accounting concepts used in
   (disposal in equity) sebagai konsep akuntansi yang             PSAK 338. The key changes include the exclusion of
   digunakan dalam PSAK 338. Perubahan utama                      investment entities from the scope of PSAK 338, as
   mencakup pengecualian entitas investasi dari ruang             well as the addition of definitions for transferred
   lingkup PSAK 338, serta tambahan definisi bisnis               business, receiving entity, and transferring entity.
   alihan, entitas penerima, dan entitas pengalih. Revisi         The revision also includes references to the carrying
   ini juga mencakup rujukan jumlah tercatat bisnis               amount of the transferred business and the
   alihan dan penyajian informasi prakombinasi bisnis             presentation of pre-combination information when
   ketika terjadi ketidakpraktisan dalam penerapan                applying the pooling of interest method is
   metode penyatuan kepemilikan. Revisi ini berlaku               impracticable. The revision is effective on 1 January
   efektif 1 Januari 2026 dengan opsi penerapan dini.             1, 2026 with early adoption permitted.

   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
   terhadap laporan keuangan konsolidasian Grup.                  consolidated financial statements.




                                                            110

                                                                                                                               579
Page 580
                                                                                                                    The original consolidated financial statements
                                                                                                                     included herein are in Indonesian language.

                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                      (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)

                                      38. STANDAR       AKUNTANSI YANG TELAH                      38. ACCOUNTING STANDARDS ISSUED BUT NOT
                                          DITERBITKAN NAMUN BELUM BERLAKU                             YET EFFECTIVE (continued)
                                          EFEKTIF (lanjutan)

                                         Mulai efektif pada atau setelah tanggal 1 Januari             Effective beginning on or after January 1, 2026
                                         2026 (lanjutan)                                               (continued)

                                         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 10 Laporan Keuangan                  110 Consolidated Financial Statements and PSAK
                                         Konsolidasian, dan PSAK 207 Laporan Arus Kas.                 207 Statements of Cash Flows. The amendments will
                                         Amandemen tersebut akan berlaku efektif untuk                 be effective for reporting periods beginning on or
                                         periode pelaporan yang dimulai pada atau setelah 1            after 1 January 2026. Earlier application is permitted
                                         Januari 2026. Penerapan lebih awal diperkenankan              and must be disclosed. The amendments are not
                                         dan harus diungkapkan. Amandemen tersebut tidak               expected to have a material impact on the Group’s
                                         diharapkan menimbulkan dampak material terhadap               consolidated financial statements.
                                         laporan keuangan konsolidasian Grup.
Laporan Keuangan - Financial Report




                                         Mulai efektif pada atau setelah tanggal 1 Januari             Effective beginning on or after January 1, 2027
                                         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. PSAK
                                         diungkapkan. PSAK 118 akan diterapkan secara                  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.




                                                                                                 111

580
Page 581
                                                                            The original consolidated financial statements




                                                                                                                             PT Garuda Maintenance Facility Aero Asia Tbk
                                                                             included herein are in Indonesian language.

                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                                    (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)

38. STANDAR       AKUNTANSI YANG TELAH                    38. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                           YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

   Mulai efektif pada atau setelah tanggal 1 Januari           Effective beginning on or after January 1, 2027
   2027 (lanjutan)                                             (continued)




                                                                                                                             Operational Excellence For Reliable Aviation Services
   PSAK 119: Entitas Anak Tanpa Akuntabilitas Publik -         PSAK 119: Subsidiaries without Public Accountability
   Pengungkapan                                                - Disclosures

   Standar baru tersebut memungkinkan entitas yang             The new standard allows eligible entities to elect to
   memenuhi syarat untuk memilih menerapkan                    apply its reduced disclosure requirements and still
   pengungkapan yang lebih singkat dan tetap                   applying the recognition, measurement and
   menerapkan persyaratan pengakuan, pengukuran,               presentation requirements in other accounting
   dan penyajian dalam standar akuntansi lainnya.              standards. To be eligible, at the end of the reporting
   Untuk memenuhi syarat, pada akhir periode                   period, an entity must be a subsidiary as defined in
   pelaporan, entitas harus merupakan entitas anak             PSAK 110, cannot have public accountability and
   sebagaimana didefinisikan dalam PSAK 110, tidak             must have a parent (ultimate or intermediate) that
   memiliki akuntabilitas publik, dan memiliki entitas         prepares consolidated financial statements, available
   induk (baik entitas induk akhir atau entitas induk          for public use, which comply with SAK Indonesia,
   perantara) yang menyusun laporan keuangan                   SAK Internasional or IFRS accounting standards.
   konsolidasian yang tersedia untuk penggunaan
   publik dan sesuai dengan standar akuntansi
   keuangan SAK Indonesia, SAK Internasional atau
   IFRS accounting standards.

   PSAK 119 akan berlaku efektif untuk periode                 PSAK 119 will become effective for reporting periods
   pelaporan yang dimulai pada atau setelah 1 Januari          beginning on or after January 1, 2027, with early
   2027, dengan penerapan dini diperkenankan. Grup             application permitted. The Group anticipates that the
   memperkirakan bahwa standar baru tersebut tidak             new standard will have no material effect on the
   akan memberikan dampak material terhadap laporan            Group’s consolidated financial statements.
   keuangan konsolidasian Grup.




                                                         112

                                                                                                                             581
Page 582
                                                                                                                 The original consolidated financial statements
                                                                                                                  included herein are in Indonesian language.

                                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                                   (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)

                                      39. INFORMASI KEUANGAN TAMBAHAN                           39. SUPPLEMENTARY FINANCIAL INFORMATION

                                         Informasi keuangan tambahan yang disajikan berikut          The supplementary financial information presented
                                         ini adalah informasi keuangan tersendiri Perusahaan         below represents the separate financial information
                                         (entitas induk saja) pada tanggal 31 Desember 2025          of the Company (parent entity only) as of
                                         dan untuk tahun yang berakhir pada tanggal                  December 31, 2025 and for the year then ended,
                                         tersebut, yang menyajikan investasi Perusahaan              which presents the Company’s investment in
                                         pada entitas anak berdasarkan metode ekuitas.               subsidiaries under the equity method.


                                                                              2025                           2024

                                                                                                                                           STATEMENT OF
                                         LAPORAN POSISI KEUANGAN                                                                   FINANCIAL POSITION

                                         ASET                                                                                                        ASSETS

                                         ASET LANCAR                                                                                    CURRENT ASSETS
                                         Kas dan setara kas                   40.062.662                     12.315.505            Cash and cash equivalents
                                         Kas dan setara kas yang                                                                    Restricted cash and cash
                                              dibatasi penggunaannya           1.158.614                        902.880                       equivalents
                                         Investasi jangka pendek                 144.367                        133.203               Short-term investments
                                         Piutang usaha                                                                                      Trade receivables
                                         -    Pihak berelasi                  63.112.642                     45.061.991                   Related parties -
Laporan Keuangan - Financial Report




                                         -    Pihak ketiga                     8.672.322                      2.564.751                      Third parties -
                                         Piutang lain-lain                     1.051.396                      1.718.233                     Other receivables
                                         Aset kontrak                                                                                         Contract assets
                                         -    Pihak berelasi                  51.539.643                     27.455.934                   Related parties -
                                         -    Pihak ketiga                    15.097.916                     13.964.715                      Third parties -
                                         Persediaan                           76.147.275                     61.415.306                            Inventories
                                         Uang muka dan beban                                                                           Advances and prepaid
                                              dibayar di muka                 40.674.275                     31.437.488                         expenses
                                         Pajak dibayar di muka                                                                                  Prepaid taxes
                                         -    Pajak penghasilan                  591.970                      2.140.235           Corporate income taxes -
                                         -    Pajak lain-lain                  1.810.306                      4.316.775                       Other taxes -

                                         Total aset lancar                   300.063.388                    203.427.016                  Total current assets


                                         ASET TIDAK LANCAR                                                                         NON-CURRENT ASSETS
                                         Kas dan setara kas yang                                                                    Restricted cash and cash
                                              dibatasi penggunaannya             788.974                              -                        equivalents
                                         Piutang usaha pihak berelasi          2.782.459                     13.872.411      Trade receivables related parties
                                         Piutang lain-lain pihak berelasi        795.283                        953.040      Other receivables related parties
                                         Uang muka dan beban                                                                           Advances and prepaid
                                              dibayar di muka                  1.357.737                        891.637                          expenses
                                         Penyertaan saham pada                                                                           Investment in shares
                                              entitas anak                     1.538.352                      1.188.929                     of subsidiaries
                                         Aset tetap                          470.432.911                    148.680.066                           Fixed assets
                                         Aset hak guna                         8.655.471                     28.011.495                    Right-of-use assets
                                         Pajak dibayar di muka                                                                                   Prepaid taxes
                                         -    Pajak penghasilan badan          4.289.740                      3.694.615          Corporate income taxes -
                                         -    Pajak lain-lain                 13.485.012                     10.714.257                        Other taxes -
                                         Aset pajak tangguhan                  2.279.384                      9.114.474                   Deferred tax assets
                                         Aset tidak lancar lain-lain           1.601.181                         14.109              Other non-current assets

                                         Total aset tidak lancar             508.006.504                    217.135.033             Total non-current assets

                                         TOTAL ASET                          808.069.892                    420.562.049                      TOTAL ASSETS




                                                                                               113

582
Page 583
                                                                 The original consolidated financial statements




                                                                                                                     PT Garuda Maintenance Facility Aero Asia Tbk
                                                                  included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                           NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                          (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                           Unless Otherwise Stated)

39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)          39. SUPPLEMENTARY FINANCIAL INFORMATION
                                                        (continued)

                                      2025                    2024

                                                                                           STATEMENT OF
   LAPORAN POSISI KEUANGAN                                                         FINANCIAL POSITION
      (lanjutan)                                                                            (continued)




                                                                                                                     Operational Excellence For Reliable Aviation Services
   LIABILITAS DAN EKUITAS/                                                        LIABILITIES AND EQUITY/
       (DEFISIENSI MODAL)                                                        (CAPITALDEFICIENCY)

   LIABILITAS                                                                                      LIABILITIES

   LIABILITAS JANGKA PENDEK                                                          CURRENT LIABILITIES
   Utang usaha                                                                                  Trade payables
   -     Pihak berelasi                7.119.608               5.256.049                    Related parties -
   -     Pihak ketiga                 68.535.503              59.518.041                       Third parties -
   Utang pajak                         5.098.073               8.308.779                          Taxes payable
   Akrual                             57.807.220              50.482.603                                Accruals
   Utang lain-lain                     1.905.430               2.748.038                         Other payables
   Liabilitas kontrak                                                                         Contract liabilities
   -     Pihak berelasi              113.407.082              61.379.966                    Related parties -
   -     Pihak ketiga                 18.886.929              15.508.259                       Third parties -
   Pinjaman, bagian lancar            20.891.815              20.004.877          Borrowings, current portion
   Liabilitas sewa, bagian lancar      3.366.773               6.481.082       Lease liabilities, current portion
   Liabilitas imbalan kerja                                                              Short-term employee
         jangka pendek                 3.544.465               4.004.778                   benefit liabilities

   Total liabilitas jangka pendek    300.562.898             233.692.472              Total current liabilities


   LIABILITAS JANGKA PANJANG                                                    NON-CURRENT LIABILITIES
   Utang usaha                                                                             Trade payables
   -     Pihak berelasi                2.110.480               2.635.490                Related parties -
   -     Pihak ketiga                  5.129.262               8.743.176                  Third parties -
   Pinjaman                          351.889.310             371.217.848                         Borrowings
   Liabilitas sewa                     8.570.740              38.607.993                   Lease liabilities
   Liabilitas imbalan kerja                                                           Long-term employee
         jangka panjang               25.421.110              23.732.676               benefit liabilities

   Total liabilitas jangka panjang   393.120.902             444.937.183         Total non-current liabilities

   TOTAL LIABILITAS                  693.683.800             678.629.655                  TOTAL LIABILITIES




                                                   114

                                                                                                                     583
Page 584
                                                                                                            The original consolidated financial statements
                                                                                                             included herein are in Indonesian language.

                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                              (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                               Unless Otherwise Stated)

                                      39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)               39. SUPPLEMENTARY FINANCIAL INFORMATION
                                                                                                   (continued)

                                                                                2025                    2024

                                                                                                                                      STATEMENT OF
                                         LAPORAN POSISI KEUANGAN                                                              FINANCIAL POSITION
                                            (lanjutan)                                                                                 (continued)

                                         EKUITAS/                                                                                           EQUITY/
                                              (DEFISIENSI MODAL)                                                            (CAPITAL DEFICIENCY)
                                         Ekuitas yang
                                              diatribusikan kepada                                                                  Equity attributable to
                                              pemilik entitas induk                                                            owners of the parent
                                         Modal saham - nilai nominal                                                                 Share capital - Rp100
                                              Rp100 per saham untuk                                                               par value per share
                                              saham seri A dan nilai                                                          for series A shares and
                                              nominal Rp25 per saham                                                       Rp25 par value per share
                                              untuk saham seri B                                                                   for series B shares
                                              (31 Desember 2024:                                                                (December 31, 2024:
                                              Rp100 per saham)                                                                      Rp100 per shares)
                                              Modal dasar - 28.233.511.500                                              Authorized - 28,233,511,500
                                                  saham seri A dan                                                        of series A shares and
                                                  287.065.954.000                                                                287,065,954,000
                                                  saham seri B                                                                    series B shares
Laporan Keuangan - Financial Report




                                                  (31 Desember 2024:                                                       (December 31, 2024:
                                                  100.000.000.000 saham)                                               100,000,000,000 shares)
                                              Modal ditempatkan dan                                                                Issued and paid up
                                                  disetor - 28.233.511.500                                              capital - 28,233,511,500
                                                  saham seri A dan                                                           series A shares and
                                                  91.789.356.924 saham                                                  91,789,356,924 series B
                                                  seri B (31 Desember 2024:                                         shares (December 31, 2024:
                                                  28.233.511.500 saham)       356.883.826              219.015.655       28,233,511,500 shares)
                                         Tambahan modal disetor               288.567.252               62.417.236               Additional paid-in capital
                                         Uang muka atas modal saham                     -               25.909.891              Advance for share capital
                                         Rugi komprehensif lain               (15.504.644)             (15.900.891)            Other comprehensive loss
                                         Saldo laba/                                                                                    Retained earnings/
                                              (akumulasi kerugian)                                                              (accumulated losses)
                                              Dicadangkan                        7.492.540               7.492.540                       Appropriated
                                              Belum dicadangkan               (523.052.882)           (557.002.037)                    Unappropriated

                                         JUMLAH EKUITAS/                                                                              TOTAL EQUITY/
                                            (DEFISIENSI MODAL)                114.386.092             (258.067.606)         (CAPITAL DEFICIENCY)

                                         JUMLAH LIABILITAS                                                                         TOTAL LIABILITIES
                                            DAN EKUITAS/                                                                             AND EQUITY/
                                            (DEFISIENSI MODAL)                808.069.892              420.562.049          (CAPITAL DEFICIENCY)




                                                                                              115

584
Page 585
                                                                    The original consolidated financial statements




                                                                                                                      PT Garuda Maintenance Facility Aero Asia Tbk
                                                                     included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

    CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED
               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
          (Dinyatakan dalam Dolar AS,                             (Expressed in US Dollars,
            Kecuali Dinyatakan Lain)                              Unless Otherwise Stated)

39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)              39. SUPPLEMENTARY FINANCIAL INFORMATION
                                                            (continued)

                                         2025                    2024

   LAPORAN LABA RUGI DAN                                                          STATEMENT OF PROFIT OR
      PENGHASILAN                                                                     LOSS AND OTHER
      KOMPREHENSIF LAIN                                                         COMPREHENSIVE INCOME




                                                                                                                      Operational Excellence For Reliable Aviation Services
   Pendapatan                          467.961.372              399.133.221                              Revenue

   Beban usaha:                                                                             Operating expenses:
   Beban pegawai                        (92.121.303)            (93.544.713)                Employee expenses
   Beban material                      (144.798.797)           (117.143.357)                  Material expenses
   Beban subkontrak                    (114.287.534)           (101.848.230)              Subcontract expenses
   Beban penyusutan                     (19.116.973)            (18.489.054)              Depreciation expenses
   Beban operasional                    (32.110.834)            (19.987.448)               Operational expenses
   Beban operasi lainnya, neto           (5.242.331)             (6.412.725)       Other operating expenses, net

                                        60.283.600               41.707.694


   Penghasilan dari
         restrukturisasi utang                    -                695.969         Income from debt restructuring
   Kerugian dari                                                                                Loss on payment
    restrukturisasi pembayaran                    -                (191.852)                term restructuring
   Penghasilan keuangan                     880.387                 332.743                       Finance income
   Beban keuangan                       (20.079.946)            (20.029.376)                        Finance costs
   (Beban)/penghasilan
         lain-lain, neto                   (433.953)              2.147.374         Other (expenses)/income, net


   Laba sebelum pajak penghasilan       40.650.088               24.662.552              Profit before income tax

   Beban pajak penghasilan               (6.700.933)              2.228.564                  Income tax expense

   Laba tahun berjalan                  33.949.155               26.891.116                     Profit for the year


   Penghasilan/(rugi)                                                                       Other comprehensive
       komprehensif lain                                                                         income/(loss)
   Pos-pos yang tidak akan                                                                   Items that will not be
       direklasifikasi ke laba rugi:                                             reclassified to profit or loss:
       Keuntungan revaluasi                                                               Gain on revaluation
           aset tetap, setelah pajak      1.126.682                544.612       of fixed asset, net of tax
       Pengukuran kembali                                                            Remeasurement of post-
           imbalan pascakerja,                                                      employment benefits,
           setelah pajak                   (717.544)                (70.179)                     net of tax

                                           409.138                 474.433




                                                       116

                                                                                                                      585
Page 586
                                                                                                          The original consolidated financial statements
                                                                                                           included herein are in Indonesian language.

                                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                          CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED
                                                     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
                                                (Dinyatakan dalam Dolar AS,                             (Expressed in US Dollars,
                                                  Kecuali Dinyatakan Lain)                              Unless Otherwise Stated)

                                      39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)              39. SUPPLEMENTARY FINANCIAL INFORMATION
                                                                                                  (continued)

                                                                               2025                    2024

                                         LAPORAN LABA RUGI DAN                                                           STATEMENT OF PROFIT OR
                                            PENGHASILAN                                                                       LOSS AND OTHER
                                            KOMPREHENSIF LAIN                                                                 COMPREHENSIVE
                                            (lanjutan)                                                                      INCOME (continued)

                                         Pos yang akan                                                                                  Item that will be
                                              direklasifikasi ke laba rugi:                                            reclassified to profit or loss:
                                              Selisih kurs karena                                                             Exchange differences
                                                  penjabaran                                                         due to financial statement
                                                  laporan keuangan                (12.891)                (21.631)                   translation

                                         Penghasilan komprehensif                                                                 Other comprehensive
                                             lain tahun                                                                              income for the
                                             berjalan, setelah pajak             396.247                 452.802                    year, net of tax

                                         Jumlah penghasilan
                                             komprehensif tahun                                                                 Total comprehensive
                                             berjalan                          34.345.402              27.343.918             income for the year
Laporan Keuangan - Financial Report




                                                                                             117

586
Page 587
                                                                                                                                                                                                         The original consolidated financial statements
                                                                                                                                                                                                          included herein are in Indonesian language.

                                       CATATAN ATAS LAPORAN KEUANGAN                                                                                                         NOTES TO THE CONSOLIDATED
                                                  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
                                            (Dinyatakan dalam Dolar AS,                                                                                                         (Expressed in US Dollars,
                                              Kecuali Dinyatakan Lain)                                                                                                          Unless Otherwise Stated)

      39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)                                                                                          39. SUPPLEMENTARY FINANCIAL INFORMATION (continued)
         LAPORAN PERUBAHAN EKUITAS                                                                                                                                                                               STATEMENT OF CHANGES IN EQUITY
                                                                                                            Rugi komprehensif lain/Other comprehensive loss                           Saldo laba/
                                                                                                                                                                                (akumulasi kerugian)/                Jumlah
                                                                                                                  Surplus/           Translasi                                    Retained earnings/                 ekuitas/
                                                        Uang                                                       (defisit)        mata uang                                   (accumulated losses)               (defisiensi
                                                      muka atas           Tambahan                                revaluasi/           asing/                                                                        modal)/
                                                     modal saham/        modal disetor/    Imbalan kerja/        Revaluation          Foreign                                                     Belum           Total equity/
                                     Modal saham/    Advance for           Additional        Employee              surplus/          currency            Jumlah/           Dicadangkan/        dicadangkan/          (capital
                                     Share capital   share capital       paid-in capital      benefits             (deficit)        translation           Total            Appropriated       Unappropriated       deficiency)

         Saldo per                                                                                                                                                                                                                                   Balance as at
             31 Desember 2023          219.015.655                   -       62.417.236       (21.953.756)            5.625.676           (25.613 )       (16.353.693)          7.492.540       (583.893.153 )      (311.321.415 )           December 31, 2023


         Uang muka atas modal
             saham                               -       25.909.891                    -                    -                  -                  -                   -                   -                           25.909.891             Advance for share capital
         Laba tahun berjalan                     -                -                    -                    -                  -                  -                   -                   -       26.891.116          26.891.116                    Profit for the year
         Penghasilan/(rugi)                                                                                                                                                                                                                     Other comprehensive
             komprehensif lain:                                                                                                                                                                                                                   income/(loss):
             Keuntungan revaluasi
                 aset tetap,                                                                                                                                                                                                                   Gain on revaluation
                 setelah pajak                   -                   -                 -                    -          544.612                    -            544.612                    -                 -            544.612     of fixed asset, net of tax
             Pengukuran kembali                                                                                                                                                                                                                Remeasurement of
                 imbalan pascakerja,                                                                                                                                                                                                         post-employment
                 setelah pajak                   -                   -                 -          (70.179)                     -                  -             (70.179)                  -                 -            (70.179)           benefits, net of tax
             Selisih kurs karena                                                                                                                                                                                                             Exchange differences
                 penjabaran                                                                                                                                                                                                                    due to financial
                 laporan keuangan                -                   -                 -                    -                  -          (21.631)              (21.631)                  -                 -            (21.631)        statement translation

         Saldo per                                                                                                                                                                                                                                   Balance as at
             31 Desember 2024          219.015.655       25.909.891          62.417.236       (22.023.935)            6.170.288           (47.244)        (15.900.891)          7.492.540       (557.002.037 )      (258.067.606 )           December 31, 2024


         Penerbitan saham              137.868.171      (25.909.891)       226.150.016                      -                  -                  -                   -                   -                -        338.108.296                     Issuance of shares
         Laba tahun berjalan                     -                -                  -                      -                  -                  -                   -                   -       33.949.155         33.949.155                       Profit for the year
         Penghasilan/(rugi)                                                                                                                                                                                                                      Other comprehensive
              komprehensif lain:                                                                                                                                                                                                                   income/(loss):
         Keuntungan revaluasi
              aset tetap,                                                                                                                                                                                                                   Gain on revaluation of
              setelah pajak                      -                   -                 -                    -         1.126.682                   -           1.126.682                   -                 -          1.126.682       fixed asset, net of tax
         Pengukuran kembali                                                                                                                                                                                                                   Remeasurement of
              imbalan pascakerja,                                                                                                                                                                                                           post-employment
              setelah pajak                      -                   -                 -         (717.544)                     -                  -            (717.544)                  -                 -           (717.544)          benefits, net of tax
         Selisih kurs karena                                                                                                                                                                                                                Exchange differences
              penjabaran                                                                                                                                                                                                                      due to financial
              laporan keuangan                   -                   -                 -                    -                  -          (12.891)              (12.891)                  -                 -            (12.891)       statement translation

         Saldo per                                                                                                                                                                                                                                   Balance as at
             31 Desember 2025          356.883.826                   -     288.567.252        (22.741.479)            7.296.970           (60.135)        (15.504.644)          7.492.540       (523.052.882)       114.386.092              December 31, 2025




                                                                                                                                   Operational Excellence For Reliable Aviation Services                    PT Garuda Maintenance Facility Aero Asia Tbk




587
                                                                                                                                    118
Page 588
                                                                                                           The original consolidated financial statements
                                                                                                            included herein are in Indonesian language.

                                                                        PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED
                                                      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
                                                (Dinyatakan dalam Dolar AS,                              (Expressed in US Dollars,
                                                   kecuali dinyatakan lain)                               unless otherwise stated)

                                      39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)               39. SUPPLEMENTARY FINANCIAL INFORMATION
                                                                                                   (continued)

                                                                                2025                    2024
                                         LAPORAN ARUS KAS                                                              STATEMENT OF CASH FLOWS

                                         ARUS KAS DARI                                                                           CASH FLOWS FROM
                                             AKTIVITAS OPERASI                                                            OPERATING ACTIVITIES
                                         Penerimaan kas dari pelanggan        477.966.414              373.189.437        Cash receipts from customers
                                         Pembayaran kas kepada                                                                   Cash paid to suppliers
                                             pemasok dan lainnya              (303.844.945)           (257.690.838)                      and others
                                         Pembayaran kepada karyawan            (87.041.449)            (83.219.047)            Cash paid to employees

                                         Kas yang diperoleh                                                                              Cash generated
                                              dari operasi                     87.080.020               32.279.552                   from operations

                                         Pembayaran beban keuangan             (13.505.320)            (14.706.934)                 Finance costs paid
                                         Penerimaan pengembalian pajak           5.323.014                       -                Receipts of tax refund
                                         Pembayaran pajak
                                             penghasilan badan                  (1.446.319)             (1.623.888)        Corporate income taxes paid
                                         Pembayaran pajak lain-lain            (13.034.493)             (1.720.412)                    Other taxes paid

                                         Arus kas neto yang diperoleh                                                          Net cash flows generated
                                              dari aktivitas operasi           64.416.902               14.228.318          from operating activities
Laporan Keuangan - Financial Report




                                         ARUS KAS DARI AKTIVITAS                                                                CASH FLOWS FROM
                                             INVESTASI                                                                     INVESTING ACTIVITIES
                                         Penempatan kas
                                             dan setara kas yang                                                                Placements of restricted
                                             dibatasi penggunaannya             (1.886.331)               (738.500)       cash and cash equivalents
                                         Pencairan kas
                                             dan setara kas yang                                                               Withdrawals of restricted
                                             dibatasi penggunaannya               816.772                        -        cash and cash equivalents
                                         Penerimaan pendapatan
                                             keuangan                              759.578                 330.649            Finance income received
                                         Pembelian aset tetap                   (3.205.304)             (3.701.851)          Purchases of fixed assets
                                         Penambahan uang muka atas                                                         Additions in advances for the
                                             pembelian aset tetap               (1.026.828)                      -         purchase of fixed assets
                                         Penempatan deposito berjangka             (21.985)                      -         Placements of time deposits

                                         Arus kas neto yang digunakan                                                             Net cash flows used in
                                              untuk aktivitas investasi         (4.564.098)             (4.109.702)               investing activities


                                         ARUS KAS DARI AKTIVITAS                                                                 CASH FLOWS FROM
                                             PENDANAAN                                                                    FINANCING ACTIVITIES
                                         Pembayaran pinjaman                                                                  Repayments of long-term
                                             jangka panjang                    (20.004.877)            (10.874.438)                     borrowings
                                         Pembayaran liabilitas sewa            (12.533.950)             (7.335.777)       Repayments of lease liabilities
                                         Penerimaan atas penerbitan                                                          Proceeds from issuance of
                                             saham seri B                        2.153.224                       -                 series B shares
                                         Arus kas neto yang digunakan                                                             Net cash flows used in
                                              untuk aktivitas pendanaan        (30.385.603)            (18.210.215)               financing activities




                                                                                              119
588
Page 589
                                                               The original consolidated financial statements




                                                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                included herein are in Indonesian language.

                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

     CATATAN ATAS LAPORAN KEUANGAN                         NOTES TO THE CONSOLIDATED
                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
          (Dinyatakan dalam Dolar AS,                         (Expressed in US Dollars,
             kecuali dinyatakan lain)                          unless otherwise stated)

39. INFORMASI KEUANGAN TAMBAHAN (lanjutan)         39. SUPPLEMENTARY FINANCIAL INFORMATION
                                                       (continued)

                                     2025                   2024
   LAPORAN ARUS KAS                                                        STATEMENT OF CASH FLOWS
      (lanjutan)                                                                       (continued)




                                                                                                                Operational Excellence For Reliable Aviation Services
   KENAIKAN/(PENURUNAN)                                                      NET INCREASE/(DECREASE)
      NETO KAS DAN                                                                    IN CASH AND
      SETARA KAS                    29.467.201              (8.091.599)         CASH EQUIVALENTS

   KAS DAN SETARA KAS                                                     CASH AND CASH EQUIVALENTS
       AWAL TAHUN                   12.315.505              20.829.919       AT BEGINNING OF YEAR

   Pengaruh perubahan kurs                                                         Effect of foreign currency
       mata uang asing              (1.720.036)               (422.815)          exchange rate changes

   KAS DAN SETARA KAS                                                     CASH AND CASH EQUIVALENTS
       AKHIR TAHUN                  40.062.670              12.315.505             AT END OF YEAR




                                                  120
                                                                                                                589
Page 590
2025
Integrated Report
Laporan Terintegrasi




OPERATIONAL EXCELLENCE
FOR RELIABLE AVIATION SERVICES




Alamat Kantor

Lantai 2, Lobby Selatan Hanggar 4,
PT Garuda Maintenance Facility Aero Asia Tbk,
Area Perkantoran Bandar Udara Internasional Soekarno-Hatta (CGK),
Desa/Kelurahan Pajang, Kec. Benda, Kota Tangerang, Provinsi Banten,
Kode Pos: 15125


P : +62 215508717
E : corporatecommunications@gmf-aeroasia.co.id
w: www.gmf-aeroasia.co.id

File

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Pages590
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Names mentioned 100 people and organisations named in the text · linked when the evidence is strong

linked org Angkasa Pura p.22 ×16
linked person Oki Yanuar p.30 ×8
linked org Garuda Indonesia p.31 ×85
linked person Dean Arslan · Komisaris Independen p.35 ×7
linked person Giring Ganesha Djumaryo · Komisaris p.35 ×8
linked person Andi Fahrurrozi · Direktur Utama p.45 ×14
linked person Bobi Gumelar Raspati p.45 ×5
linked person Tri Hartono · Direktur Keuangan p.45 ×7
linked person Endang Tardiana p.45 ×9
linked org Aero Wisata p.55 ×4
linked person Ali Gunawan p.78
linked person Irvan Pribadi p.78
linked person Pudjo Sarwoko p.78
linked person Audit Committee Chairman p.81
linked org Dana Pensiun p.104
possible org Otoritas Jasa Keuangan p.10 ×3
possible person Mitra Piranti p.45 ×7
possible org Bursa Efek Indonesia p.52 ×3
possible person Rahmat Hanafi p.78
possible org Indofarma (Persero) Tbk p.81 ×3
possible org Pemerintah Republik Indonesia p.103 ×4
unresolved org Ministry of Defense p.7 ×6
unresolved org Kementerian Pertahanan p.7 ×2
unresolved person Penawaran Umum Obligasi · Komisaris p.8
unresolved org Asia Tbk p.8 ×3
unresolved org PT Garuda p.8 ×5
unresolved org Transaksi Dengan Pihak Maintenance Facility Aero Asia Tbk p.8
unresolved org Professionals Maintenance Facility Aero Asia Tbk p.8
unresolved org Maintenance Facility Aero Asia Tbk p.8 ×3
unresolved — Secara Berkesinambungan · Akuntan Publik p.9
unresolved org PT Garuda Maintenance Facility p.10 ×3
unresolved org Garuda Maintenance Facility 05 | Aero Asia p.10
unresolved org Aero Asia Tbk p.10 ×2
unresolved org Financial Services Authority p.10 ×3
unresolved org Garuda Maitenance Facility Aero Asia Tbk p.13 ×2
unresolved org Indonesia Stock Exchange p.22 ×3
unresolved org PT Angkasa Pura Indonesia p.22 ×9
unresolved org Pusat Statistik p.31 ×2
unresolved person Sugiharto Prapto · Komisaris p.35 ×2
unresolved person ANDI 02 FAHRURROZI p.36
unresolved org Garuda 03 | Maintenance Facility Aero Asia p.48
unresolved org PT Garuda Maintenance p.48 ×4
unresolved org Facility Aero Asia Tbk p.48 ×4
unresolved org PT Garuda Maintenance Expanding Global Footprint p.49
unresolved org Base Management · Direktur p.49
unresolved person Line Operation · Direktur Keuangan p.49 ×2
unresolved org Minister of Justice p.52
unresolved org PT Aero Wisata WILAYAH OPERASIONAL OPERATIONAL AREA BTJ p.55
unresolved person Notary Arry Supratno p.56 ×2
unresolved person Notary Shanti Indah Lestari p.56
unresolved org Garuda Maintenance AeroAsia Tbk. p.57 ×2
unresolved org Facility AeroAsia Tbk. p.57
unresolved org Ministry of Finance p.58 ×2
unresolved org PT Angkasa p.58 ×3
unresolved org PT GMF AeroAsia. Becoming p.59
unresolved org PT GMF AeroAsia. p.59
unresolved org Milik Negara p.62
unresolved person Minister of SOEs No. SE- p.62
unresolved org PT Kilang Pertamina Internasional The Best Quality Aspect p.66
unresolved org Directorate General of Civil p.67 ×2
unresolved org Ministry of Land p.67
unresolved org Ministry of Transport p.68
unresolved org Minister of Land p.68
unresolved org Ministry of Transpor p.68
unresolved org Directorate General of Civil Aviation p.69
unresolved org PT Angkasa Pura GMF. Pelaksanaan PMHMETD p.75
unresolved person Djumaryo · Commissioner p.78
unresolved person Base · Direktur Base p.78 ×4
unresolved person Salusra Satria · Direktur Keuangan p.78 ×2
unresolved org PT Garuda Maintenance Facility Aero p.80 ×2
unresolved org PT Dirgantara Indonesia p.80 ×2
unresolved person Age · Commissioner p.81 ×3
unresolved org PT Inti Keramik Alamasri p.81 ×6
unresolved org PT Len Industri (Persero) p.81 ×2
unresolved org Menteri Kebudayaan Republik Indonesia p.82 ×2
unresolved org Minister of Culture p.82 ×2
unresolved org Menteri Pertahanan Bidang Sosial Kementerian p.83
unresolved org Minister of Defense p.83
unresolved org Kementerian Pertahanan Republik Indonesia p.83
unresolved org Ministry of Pertahanan Republik Indonesia p.83
unresolved person Notary S.H. p.85
unresolved org PT Sabre Travel Network Indonesia p.88 ×2
unresolved org Indonesia (Persero) Tbk p.88
unresolved person Shanti Indah Shanti Indah Lestari · Notaris p.89 ×23
unresolved person Lestari p.89
unresolved org Bank BRI p.89 ×6
unresolved org PT AGI p.92
unresolved org PT Angkasa Pura Indonesia. Accordingly p.103
unresolved org Government of the Republic of Indonesia p.103 ×3
unresolved org Kantor Akuntan Publik Purwanto Susanti p.164
unresolved org Kementerian Keuangan Pemerintah Republik p.164
unresolved org Menteri Negara Badan Usaha Milik p.181
unresolved org Minister of State-Owned Negara No. PER- p.181
unresolved org Menteri Negeri BUMN No. PER- p.181 ×2
unresolved org Minister of State-Owned Enterprises MBU p.181
unresolved — SDK · Komisaris p.186
unresolved person Nomination · Corporate Secretary p.186

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