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Page 1
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                     Melayani Sepenuh Hati
                  Mewujudkan Bandara Kelas Dunia




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   1
Page 2
    SANGGAHAN DAN BATASAN TANGGUNG JAWAB
    DISCLAIMER AND LIMITATIONS OF LIABILITIES




               Deskripsi Umum
               General Overview

               Laporan ini mencakup informasi mengenai             This report includes information regarding the
               keuangan dan pendapatan Perusahaan, serta           Company’s financial performance and revenues,
               proyeksi, rencana, strategi, kebijakan, dan         as well as projections, plans, strategies, policies,
               tujuan bisnis. Namun, pernyataan-pernyataan         and business objectives. However, statements in
               dalam laporan tersebut memiliki potensi risiko      this report are subject to risks and uncertainties
               dan ketidakpastian yang dapat menyebabkan           that may cause actual results to differ materially
               perbedaan signifikan antara hasil aktual dan yang   from projected outcomes.
               diproyeksikan.



               Pernyataan Berorientasi ke Masa Depan
               Forward-Looking Statements

               Pernyataan berorientasi ke masa depan dalam         Forward-looking statements in this report are
               laporan ini didasarkan pada berbagai asumsi         based on various assumptions regarding current
               terkait kondisi saat ini maupun masa depan, serta   and future conditions, as well as the business
               lingkungan bisnis tempat perusahaan beroperasi.     environment in which the Company operates.
               Perusahaan tidak menjamin bahwa dokumen             The Company does not guarantee that the
               yang telah divalidasi akan menghasilkan hasil       validated information will produce results in
               sesuai harapan.                                     accordance with expectations.



               Informasi Kontak
               Contact Information

               Pembaca laporan tahunan dapat mengajukan            Readers of the annual report may submit
               pertanyaan, memberikan komentar, atau meminta       questions, provide comments, or request
               informasi lebih lanjut mengenai PT Angkasa Pura     further information regarding PT Angkasa Pura
               Indonesia melalui:                                  Indonesia through:




                     CANDRA ANANDA                                      Alamat Kantor | Office Address:
                     Corporate Communication Division Head              InJourney Airports Center (IAC)
                                                                        Bandara Internasional Soekarno-Hatta
                                                                        PO BOX 1004 Tangerang 15111

                                                                        Surel | Email:
                                                                        corcomm@injourneyairports.id




               Layanan Pengaduan
               Complaint Services

               Untuk informasi dan pengaduan, silakan hubungi      For information and complaints, please contact
               Contact Center 172.                                 our Contact Center at 172.




2   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 3
TEMA LAPORAN TAHUNAN
ANNUAL REPORT THEME




     Melayani Sepenuh Hati
     Mewujudkan Bandara Kelas Dunia
     Serving Wholeheartedly Delivering World-Class Airports



Pertumbuhan berkelanjutan yang didorong oleh                   Sustainable growth driven by post-merger operational
integrasi operasional pascamerger dan transformasi             integration formed the foundation for PT Angkasa Pura
menjadi landasan PT Angkasa Pura Indonesia                     Indonesia (“the Company”) in navigating 2025. Guided
(“Perusahaan”)   dalam    menjalani    tahun    2025.          by the spirit of serving wholeheartedly, the Company
Berlandaskan semangat melayani sepenuh hati,                   continued to strengthen the quality of its airport services
Perusahaan terus memperkuat kualitas layanan                   while accelerating its journey delivering world-class
kebandarudaraan sekaligus mempercepat langkah                  airport management standards.
menuju standar pengelolaan bandara kelas dunia.

Sebagai operator bandara terbesar kelima di dunia yang         As the fifth-largest airport operator in the world which
mengelola 37 bandara, Perusahaan secara konsisten              manages 37 airports, the Company consistently enhanced
menjalankan        transformasi     melalui    peningkatan     transformation through infrastructure and facilities
kapabilitas infrastruktur dan fasilitas, SDM berkelas dunia,   utilization, world-class human resources, ecosystem-
keandalan operasional bandara berbasis ekosistem, serta        based operational reliability, digital technologies
pemanfaatan teknologi digital guna menghadirkan                optimization to deliver a safe, comfortable, and integrated
pengalaman perjalanan yang aman, nyaman, dan                   travel experience for all airport users, to create a tangible
terintegrasi, serta memberikan kontribusi nyata terhadap       contribution to the Company’s performance throughout
peningkatan kinerja Perusahaan sepanjang 2025.                 2025.

Perusahaan juga mempertegas langkah keberlanjutan              The Company also strengthened its sustainability
melalui     pengembangan       konsep    Green   Airport,      initiatives through the development of the Green Airport
melalui penghijauan di kawasan bandara, optimalisasi           concept, reforestation in airport areas, the optimization of
pemanfaatan energi baru terbarukan di berbagai lokasi          renewable energy utilization in various strategic locations,
strategis, serta penguatan infrastruktur kendaraan listrik.    and the expansion of electric vehicle infrastructure.
Hal ini juga merupakan bentuk dukungan Perusahaan              These initiatives are implemented in order to support
terhadap pariwisata berkelanjutan.                             sustainable tourism.

Di    saat   yang    sama,  diversifikasi pendapatan           At the same time, the Company continued to promote
nonaeronautika terus didorong untuk memperluas                 non-aeronautical revenue diversification to broaden its
portofolio bisnis dan meningkatkan nilai tambah bagi           business portfolio and enhance value creation for airport
pengguna jasa. Konsistensi ini semakin menegaskan              users. Such consistent performance further reaffirms
posisi Perusahaan sebagai operator bandara yang terus          the Company’s progress as airport operator in delivering
melangkah maju mewujudkan kelas dunia.                         world-class excellence.



                                                                           PT Angkasa Pura Indonesia 2025 Annual Report        3
Page 4
    KESINAMBUNGAN TEMA
    THEME CONTINUITY




     2024


    Transformasi Bisnis Untuk Peningkatan Konektivitas
    Transform to Improve Connectivity



    Penggabungan      perusahaan     pengelola    bandara    The merger of airport management companies has the
    berpotensi     meningkatkan    konektivitas    dengan    potential to enhance connectivity by strengthening
    memperkuat sinergi operasional, mengoptimalkan           operational synergies, optimizing route networks, and
    jaringan rute, dan meningkatkan kualitas layanan.        improving service quality. The integration of resources
    Integrasi sumber daya dan kapabilitas PT Angkasa Pura    and capabilities from PT Angkasa Pura I and PT Angkasa
    I dan PT Angkasa Pura II ke dalam PT Angkasa Pura        Pura II into PT Angkasa Pura Indonesia establishes a
    Indonesia menciptakan jaringan transportasi udara yang   more robust air transportation network, benefiting both
    lebih solid, memberikan manfaat bagi penumpang serta     passengers and the broader economy.
    perekonomian secara luas.

    Langkah ini juga memungkinkan efisiensi operasional,     This initiative also enables operational efficiency, cost
    pengurangan biaya, dan peningkatan layanan, sehingga     reduction, and service improvement, thereby creating
    membuka peluang lebih besar untuk mengembangkan          greater opportunities to develop new routes, particularly
    rute baru, terutama ke bandara utama. Dengan demikian,   to major airports. As a result, connectivity across the
    konektivitas antara jaringan bandara dapat diperluas,    airport network can be expanded, new markets can be
    menciptakan pasar baru, serta membuka lebih banyak       created, and greater access can be provided throughout
    akses di seluruh Nusantara dan antara Indonesia dengan   the archipelago and between Indonesia and the world.
    dunia.




4   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 5
 2023


Welcoming the Next Level Airport Service
Welcoming the Next Level Airport Service



PT Angkasa Pura II bergerak cepat dalam memulihkan        PT Angkasa Pura II moved swiftly to restore the aviation
industri aviasi pasca pandemi dengan mengadopsi           industry following the pandemic by adopting the “Airport
konsep “Airport Platform Integrator” untuk membangun      Platform Integrator” concept to build an integrated airport
ekosistem bisnis kebandaraan yang terintegrasi. Pada      business ecosystem. In 2023, the Company focused on
2023, perusahaan berfokus pada tiga program utama:        three main programs: Recovering Customer Experience
Recovering Customer Experience dengan menghadirkan        by introducing innovations to enhance passenger
inovasi untuk meningkatkan kenyamanan penumpang,          comfort, Restructuring Financial Foundation through
Restructuring Financial Foundation melalui penguatan      strengthening financial policies and monitoring, and
kebijakan dan monitoring keuangan, serta Regrowing        Regrowing Business Ecosystem by optimizing flight slots
Business Ecosystem dengan mengoptimalkan slot             and accelerating the growth of both aeronautical and
penerbangan serta mempercepat pertumbuhan bisnis          non-aeronautical businesses. Through these strategies,
aeronautika dan nonaeronautika. Berkat strategi ini, PT   PT Angkasa Pura II achieved positive business growth
Angkasa Pura II berhasil mencapai pertumbuhan bisnis      and was well-positioned to advance to the next level in
yang positif dan siap melangkah ke level berikutnya       Indonesia’s airport industry.
dalam industri kebandaraan di Indonesia.




                                                                      PT Angkasa Pura Indonesia 2025 Annual Report      5
Page 6
    KESINAMBUNGAN TEMA
    THEME CONTINUITY




      2022


    Optimising Synergy to Energize New Airport Ecosystem
    Optimising Synergy to Energize New Airport Ecosystem



    Pandemi COVID-19 yang belum sepenuhnya berakhir           The ongoing effects of the COVID-19 pandemic and
    dan gejolak perekonomian baik global maupun nasional      continued global and national economic volatility
    masih menjadi perhatian utama bagi Perusahaan dalam       remained key considerations in the Company’s decision-
    mengambil setiap keputusan. Untuk itu, Perusahaan         making processes. In response, the Company continued
    fokus melanjutkan semangat transformasi dengan            its transformation spirit by initiating the development of
    melakukan inisiasi untuk membangun ekosistem bisnis       a more integrated and connected business ecosystem for
    agar lebih terintegrasi dan terkoneksi bagi seluruh       all stakeholders through the “Airport Platform Integrator”
    pemangku kepentingan melalui konsep “Airport Platform     concept. This was implemented through three main
    Integrator” dengan menjalankan 3 Program Utama, yaitu     programs: Recovery Acceleration, Leading Digital,
    Recovery Acceleration, Leading Digital, dan Hospitality   and Hospitality Ecosystem. Through this approach, PT
    Ecosystem. Melalui pendekatan tersebut, tahun 2022 PT     Angkasa Pura II recorded solid business growth in 2022.
    Angkasa Pura II berhasil meraih pertumbuhan usaha
    yang cukup baik.




6   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 7
  2021


Innovation Integration Collaboration
Innovation Integration Collaboration



Tahun 2021 masih menjadi tantangan bagi PT Angkasa        The year 2021 continued to pose challenges for PT
Pura II karena adanya dampak Pandemi COVID-19.            Angkasa Pura II due to the ongoing impact of the
Kemampuan PT Angkasa Pura II untuk beradaptasi            COVID-19 pandemic. The Company’s ability to adapt
di iklim yang penuh tantangan ini merupakan wujud         in such a demanding environment demonstrated its
komitmen Perusahaan untuk menjadi perusahaan              commitment to becoming a globally oriented airport
pengelola bandar udara dengan lingkup global, dengan      management enterprise. PT Angkasa Pura II is committed
ragam usaha yang memberikan nilai tambah tinggi pada      to delivering high value-added services across the
value chain industri penerbangan dan terstruktur dengan   aviation industry value chain, structured, well-integrated,
baik, saling terintegrasi, kolaboratif, serta didukung    and collaborative, supported by information systems that
dengan sistem informasi yang meningkatkan integrasi       enhance operational integration and leverage cutting-
operasional dan pemanfaatan teknologi terdepan untuk      edge technology to drive innovation. This is aimed at
mendorong inovasi dalam rangka peningkatan nilai          increasing added value, improving customer service
tambah, kualitas pelayanan pelanggan dan daya saing       quality, and ensuring sustainable competitiveness.
yang berkelanjutan.




                                                                      PT Angkasa Pura Indonesia 2025 Annual Report      7
Page 8
    DAFTAR ISI
    LIST OF CONTENTS




                                                          03
    Sanggahan dan Batasan Tanggung Jawab
    Disclaimer and Limitations of Liabilities         2              Tentang Perusahaan
                                                                     About the Company
    Tema Laporan Tahunan
    Annual Report Theme                               3
                                                          Informasi Umum
    Kesinambungan Tema
                                                          General Information                             88
    Theme Continuity                                  4

    Daftar Isi                                            Riwayat Singkat
    List of Contents                                  8   A Brief History                                 92

                                                          Visi dan Misi
                                                          Vision and Mission                              96

                                                          Nilai-Nilai Perusahaan

     01        Ikhtisar 2025
               2025 Highlights
                                                          Corporate Values

                                                          Jejak Langkah
                                                                                                          97


                                                          Milestones                                      98
      Ikhtisar 2025
                                                          Produk, Layanan, dan Kegiatan Usaha
      2025 Highlights                                10
                                                          Products, Services, and Business Activities     104
      Ikhtisar Operasional
                                                          Wilayah Operasional
      Operational Highlight                          12
                                                          Operational Area                                110
      Ikhtisar Keuangan
                                                          Profil Bandara
      Financial Highlight                            14
                                                          Profile of Airports                             114
      Ikhtisar Saham
                                                          Struktur Grup
      Stock Highlight                                17
                                                          Group Structure                                 121
      Ikhtisar Kegiatan
                                                          Struktur Organisasi
      Event Highlight                                18
                                                          Organization Structure                          122
      Penghargaan dan Sertifikat
                                                          Profil Manajemen
      Awards and Certificates                        24
                                                          Management Profile                              124

                                                          Entitas Anak dan Asosiasi
                                                          Subsidiaries and Associated Entities            128



     02
                                                          Profil Entitas Anak dan Asosiasi
               Laporan Manajemen                          Profile of Subsidiaries and Associates          131
               Management Report
                                                          Demografi Karyawan
                                                          Employee Demographics                           134
      Laporan Dewan Komisaris
      Report from the Board of Commissioners         38   Alamat Kantor Cabang
                                                          Branch Office Addresses                         138
      Profil Dewan Komisaris
      Profile of the Board of Commissioners          50   Keanggotaan Asosiasi
                                                          Association Membership                          141
      Laporan Direksi
      Report from the Board of Directors             62

      Profil Direksi


                                                          04
      Profile of the Board of Directors              74
                                                                     Diskusi dan Analisis
      Pernyataan Pertanggungjawaban                                  Manajemen
      Atas Pelaporan Tahunan                                         Management Discussion and Analysis
      Statement of Annual Reporting Accountability   84


                                                          Tinjauan Ekonomi dan Industri
                                                          Economic and Industry Review                    144

                                                          Tinjauan Operasional Per Segmen Usaha
                                                          Operational Review by Business Segments         148




8   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 9
Tinjauan Pemasaran                                     Kebijakan Remunerasi Dewan Komisaris dan Direksi
Marketing Review                                 158   Remuneration Policy of the Board of
                                                       Commissioners and the Board of Directors         354
Tinjauan Unit Pendukung Lainnya
Other Supporting Units Review                    179   Sekretaris Perusahaan
                                                       Corporate Secretary                               356
Tinjauan Keuangan
Financial Review                                 193   Unit Internal Audit
                                                       Internal Audit Unit                               360
Tinjauan Permodalan
Capital Review                                  203    Audit Eksternal
                                                       External Audit                                    381
Informasi Transaksi Material
Information on Material Transactions            206    Sistem Pengendalian Internal
                                                       Internal Controlling System                       382
Prospek dan Proyeksi Usaha
Business Prospects and Projections               216   Sistem Manajemen Risiko
                                                       Risk Management System                            390
Dividen
Dividend                                         218   Kode Etik
                                                       Code of Conduct                                   397
Realisasi Penggunaan Dana Hasil Penawaran Umum
Utilization of Proceeds from the Public Offering 219   Kebijakan Antikorupsi dan Antigratifikasi
                                                       Anti-Corruption and Anti-Gratification Policy     402
Perubahan Peraturan dan Dampaknya
Regulatory Changes and Their Impacts            220    Laporan Harta Kekayaan Penyelenggara
                                                       Negara (LHKPN)
                                                       State Officials’ Wealth Reports (LHKPN)           409

                                                       Sistem Pelaporan Pelanggaran


05
                                                       Whistleblowing System                             410
           Tata Kelola Perusahaan
           Corporate Governance                        Perkara Hukum dan Sanksi Administratif
                                                       Legal Cases and Administrative Sanctions          418

Kerangka dan Struktur Tata Kelola                      Akses Informasi Kepada Publik
Governance Framework and Structure              226    Information Access to Public                      422

Penilaian Penerapan Tata Kelola                        Penerapan Pedoman Tata Kelola Perusahaan
Perusahaan yang Baik                                   (Berdasarkan SEOJK No.32/SEOJK.04/2015)
Assessment of Good Corporate Governance                Implementation of Corporate Governance Guidelines
Implementation                                  229    (Based on Provision of SEOJK No.32/SEOJK.04/2015) 424

Rapat Umum Pemegang Saham                              Indikator/Parameter Penilaian dan Evaluasi
General Meeting of Shareholders                 232    atas Penerapan Tata Kelola Perusahaan yang
                                                       Baik pada Badan Usaha Milik Negara
Informasi Pemegang Saham                               Indicators/Parameters for Assessment and
Shareholders Information                        243    Evaluation of the Implementation of Good
                                                       Corporate Governance in State-Owned Enterprises   430
Dewan Komisaris
Board of Commissioners                           251

Komite Dewan Komisaris
Committees of the Board of Commissioners

Komite Audit
                                                 281
                                                       06         Tanggung Jawab Sosial
                                                                  dan Lingkungan (TJSL)
                                                                  Social and Environmental
Audit Committee                                  281
                                                                  Responsibility (TJSL)                  452
Komite Pemantau Manajemen Risiko
dan Tata Kelola Terintegrasi
Risk Management and Integrated Governance
Oversight Committee

Komite Nominasi dan Remunerasi
                                                298
                                                       07         Laporan Keuangan
                                                                  Konsolidasian
                                                                  Consolidated Financial
Nomination and Remuneration Committee            313              Statements                             456
Direksi
Board of Directors                              327




                                                                  PT Angkasa Pura Indonesia 2025 Annual Report   9
Page 10
             01              Ikhtisar 2025
                             2025 Highlights



             Ikhtisar Operasional
             Operational Highlights                   12

             Ikhtisar Keuangan
             Financial Highlights                     14

             Ikhtisar Saham
             Stock Highlights                         17

             Ikhtisar Kegiatan
             Event Highlights                         18

             Penghargaan dan Sertifikat
             Awards and Certificates                  24




10   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 11
PT Angkasa Pura Indonesia 2025 Annual Report   11
Page 12
       Ikhtisar 2025       Laporan Manajemen   Tentang Perusahaan   Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights     Management Report   About the Company    Management Discussion and Analysis      Corporate Governance




     IKHTISAR OPERASIONAL
     OPERATIONAL HIGHLIGHTS




               Aset                                    Ekuitas                                      Pendapatan Usaha
               Asset                                   Equity                                       Business Income




           5,1%                                23,2%                                            3,5%

               Jumlah Bandara                          Anak Perusahaan                              Entitas Asosiasi &
               Total Airports                          Subsidiary                                   Ventura Bersama
                                                                                                    Associates & Joint
                                                                                                    Ventures




                 37                                           1                                          6




12   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 13
Tanggung Jawab Sosial dan Lingkungan (TJSL)       Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




        Jumlah Pergerakan Pesawat




                                                 1.160.412
        Total Flight Activity




        Jumlah Penumpang (dalam juta)




                                                               154,01
        Total Passengers (in million)




        Jumlah Kargo (dalam ton)




                                                 1.494.519
        Total Cargo (in tonnes)




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   13
Page 14
       Ikhtisar 2025        Laporan Manajemen         Tentang Perusahaan         Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
       2025 Highlights      Management Report         About the Company          Management Discussion and Analysis          Corporate Governance




     IKHTISAR KEUANGAN
     FINANCIAL HIGHLIGHT



     (dalam jutaan Rupiah, kecuali data                                                                      (in millions of Rupiah, except per-
     per saham dan rasio keuangan)                2025              2024                2023                    share data and financial ratios)


     Laporan Posisi Keuangan Konsolidasian                                            Consolidated Statements of Financial Position

     Aset Lancar                                  9.184.851         11.926.261          12.713.122                              Current Assets

     Aset Tidak Lancar                          81.388.238        74.242.727           74.052.815                         Non-Current Assets

     Jumlah Aset                                90.573.089        86.168.988          86.765.937                                  Total Assets

     Liabilitas Jangka Pendek                    13.719.905       10.887.263            9.021.220                           Current Liabilities

     Liabilitas Jangka Panjang                   39.611.716       45.061.572          48.359.623                       Non-Current Liabilities

     Jumlah Liabilitas                           53.331.621      55.948.835          57.380.843                                Total Liabilities

     Jumlah Ekuitas                             37.241.468        30.220.153         29.385.094                                    Total Equity

     Jumlah Liabilitas dan Ekuitas              90.573.089        86.168.988          86.765.937               Total Liabilities and Equity

     Laporan Laba Rugi dan Penghasilan                                                     Consolidated Statements of Profit or Loss
     Komprehensif Lain Konsolidasian                                                             and Other Comprehensive Income

     Jumlah Pendapatan Usaha                     21.213.780        20.491.015          21.178.375                Total Operating Revenues

     Jumlah Beban Usaha                         (9.638.817)     (14.830.469)         (15.548.906)                Total Operating Expenses

     Laba Usaha                                  11.574.963        5.660.546           5.629.469                              Operating Profit

     Laba Bersih                                 7.862.220           796.796             2.182.314                                    Net Profit

     Penghasilan/(Kerugian)                         14.992           (58.219)           (209.063)                      Other Comprehensive
     Komprehensif Lain                                                                                                        Income/(Loss)

     Total Laba Komprehensif                     7.877.212           738.577            1.973.251             Total Comprehensive Profit

     Laba/(Rugi) Tahun Berjalan                                                                                       Profit/(Loss) for the Year
     yang Diatribusikan Kepada:                                                                                                 Attributable to:

      Pemilik Entitas Induk                     7.860.286           855.896            2.166.074                       Owners of the Parent

      Kepentingan Nonpengendali                      1.934          (59.100)              16.240                Non-Controlling Interests

     Total                                       7.862.220           796.796            2.182.314                                          Total

     Jumlah Penghasilan                                                                                      Total Comprehensive Income
     Komprehensif Lainnya Tahun                                                                                for the Year Attributable to:
     Berjalan Diatribusikan Kepada:

      Pemilik Entitas Induk                      7.875.291          797.818            1.960.031                       Owners of the Parent

      Kepentingan Nonpengendali                      1.921          (59.241)               13.220               Non-Controlling Interests

     Total                                       7.877.212           738.577            1.973.251                                          Total

     Laba Per Saham Dasar                           311.283           33.895               77.878                     Basic Earning Per Share
     (Nilai Penuh)                                                                                                              (Full Amount)

     Laba Per Saham Dilusian                      300.524             32.724               70.467                Diluted Earning Per Share
     (Nilai Penuh)                                                                                                           (Full Amount)




14   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 15
  Tanggung Jawab Sosial dan Lingkungan (TJSL)             Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)          Consolidated Financial Statements




(dalam jutaan Rupiah, kecuali data                                                                              (in millions of Rupiah, except per-
per saham dan rasio keuangan)                       2025                2024                   2023                share data and financial ratios)


Laporan Arus Kas Konsolidasian                                                                      Consolidated Statements of Cash Flows

Kas Neto dari Aktivitas Operasi                    5.857.892           4.697.032              6.454.034             Net Cash from Operating
                                                                                                                                   Activities

Kas Neto dari Aktivitas Investasi                  (3.417.175)         (1.478.671)            (1.653.010)   Net Cash from Investing Activities

Kas Neto dari Aktivitas                        (5.295.575)            (1.756.478)              (729.229)                      Net Cash Used in
Pendanaan                                                                                                                  Financing Activities

Kenaikan (Penurunan)                          (2.854.858)               1.461.883             4.071.795            Net Increase (Decrease) in
Neto Kas dan Setara Kas                                                                                           Cash and Cash Equivalents

Efek Perubahan Nilai Kurs                             23.755               (7.908)               (3.492)    Effect of Exchange Rate Changes
pada Kas dan Setara Kas                                                                                        on Cash and Cash Equivalents

Kas dan Setara Kas dari Entitas                              -          (1.141.035)                     -       Cash and Cash Equivalents of
Anak yang Didekonsolidasikan                                                                                     Deconsolidated Subsidiaries

Kas dan Setara Kas Awal Tahun                      9.602.734           9.289.794               5.221.491          Cash and Cash Equivalents
                                                                                                                        at Beginning of Year

Kas dan Setara Kas Akhir Tahun                      6.771.631          9.602.734              9.289.794           Cash and Cash Equivalents
                                                                                                                              at End of Year

Rasio-Rasio Keuangan                                                                                                           Financial Ratios

Rasio Keuangan Glossary                                                                                               Financial Ratio Glossary
Kementerian BUMN                                                                                                       of the Ministry of SOEs

Rasio Laba (Rugi) terhadap                               0,09                 0,01                  0,03            Return on Asset (ROA) (x)
Total Aset (ROA) (x)

Rasio Laba (Rugi) terhadap                               0,21                 0,03                  0,07           Return on Equity (ROE) (x)
Total Ekuitas (ROE) (x)

Imbal Hasil Atas Modal yang                             14,18                 5,42                   7,21                   Return on Invested
Diinvestasikan (ROIC) (x)                                                                                                     Capital (ROIC) (x)

Biaya Modal Rata-Rata                                    6,61                 6,32                  5,63              Weighted Average Cost
Tertimbang (WACC) (x)                                                                                                   of Capital (WACC) (x)

Rasio Lancar (x)                                         0,67                  1,10                  1,41                      Current Ratio (x)

Rasio Kas (x)                                            0,50                 0,89                  1,06                          Cash Ratio (x)

Rasio Cepat (x)                                          0,69                  1,10                  1,39                        Quick Ratio (x)

Rasio Utang Terhadap                                     0,59                 0,65                  0,66        Debt-to-Asset Ratio (DAR) (x)
Aset (DAR) (x)

Rasio Utang Terhadap                                     1,43                  1,85                  1,95      Debt-to-Equity Ratio (DER) (x)
Ekuitas (DER) (x)

Rasio Cakupan Layanan                                    1,77                  1,37                 1,67                 EBITDA-Based Debt
Utang Berbasis EBITDA                                                                                                  Service Coverage Ratio
(DSCR – EBITDA) (x)                                                                                                       (DSCR – EBITDA) (x)

Rasio Cakupan Bunga Berbasis                            4,84                  2,83                  2,99    EBITDA-Based Interest Coverage
EBITDA (ICR – EBITDA) (x)                                                                                           Ratio (ICR – EBITDA) (x)




                                                                                                PT Angkasa Pura Indonesia 2025 Annual Report          15
Page 16
       Ikhtisar 2025             Laporan Manajemen   Tentang Perusahaan           Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
       2025 Highlights           Management Report   About the Company            Management Discussion and Analysis          Corporate Governance




     IKHTISAR KEUANGAN
     FINANCIAL HIGHLIGHTS



        Jumlah Aset                                  Jumlah Ekuitas                                       Pendapatan Usaha
        Total Assets                                 Total Equity                                         Business Income
        (Rp Triliun | Rp Trillion)                   (Rp Triliun | Rp Trillion)                           (Rp Triliun | Rp Trillion)


                                     90.57                                        37.24                                                21.21
                                                                                                                21.18

                                                           29.39     30.22



              86.77
                         86.17                                                                                            20.49




              2023       2024        2025                  2023       2024        2025                          2023       2024        2025




        Laba Usaha                                   Laba Bersih                                          Rasio Lancar
        Operating Profit                             Net Profit                                           Current Ratio
        (Rp Triliun | Rp Trillion)                   (Rp Triliun | Rp Trillion)                           (x)


                                                                                  7.86                          1.41
                                     11.57

                                                                                                                            1,10



              5.63       5.66                                                                                                          0,67

                                                           2.18

                                                                      0.80


              2023       2024        2025                  2023       2024        2025                          2023       2024        2025




        Rasio Utang                                  Rasio Laba terhadap Aset                             Rasio Laba terhadap
        terhadap Ekuitas                             Return on Assets (ROA)                               Ekuitas
        Debt to Equity Ratio (DER)                   (%)                                                  Return on Equity (ROE)
        (x)                                                                                               (%)                          0.21
                                                                                  0.09
              1.95
                         1.85

                                     1.43



                                                           0.03                                                 0.07

                                                                                                                           0.03
                                                                      0.01


              2023       2024        2025                  2023      2024         2025                          2023       2024        2025




16   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 17
  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




IKHTISAR SAHAM
STOCK HIGHLIGHTS


Sampai dengan 31 Desember 2025, PT Angkasa Pura                          Until December 31, 2025, PT Angkasa Pura Indonesia did
Indonesia tidak melakukan aktivitas perdagangan saham                    not conduct share trading activities on the Indonesia
di Bursa Efek Indonesia, sehingga laporan ini tidak                      Stock Exchange, so this report does not disclose
mengungkapkan informasi mengenai jumlah saham                            information regarding the number of shares outstanding,
yang beredar, kapitalisasi pasar, harga saham tertinggi,                 market capitalization, highest share price, lowest share
harga saham terendah, harga saham penutupan, dan                         price, closing share price, and share trading volume.
volume perdagangan saham.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   17
Page 18
       Ikhtisar 2025           Laporan Manajemen     Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights         Management Report     About the Company       Management Discussion and Analysis   Corporate Governance




     IKHTISAR KEGIATAN
     EVENT HIGHLIGHTS



                                                   Trafik Angkutan Lebaran 2025
      13
               April | April
               2025                                Eid Transportation Traffic 2025

                                                   Perusahaan berhasil melayani 10,67 juta penumpang selama periode angkutan
                                                   Lebaran 2025 dengan tetap menjaga kualitas layanan dan operasional.

                                                   The Company served 10.67 million passengers during the 2025 Eid transportation
                                                   period while maintaining service quality and operational reliability.




                                                   Commercial Expo 2025
      23
               April | April
               2025                                Commercial Expo 2025

                                                   Perusahaan menyelenggarakan Commercial Expo sebagai upaya memperkuat
                                                   bisnis nonaeronautika serta mendorong pengembangan kawasan komersial
                                                   bandara yang lebih modern dan relevan.
                                                   The Company held the Commercial Expo to strengthen non-aeronautical
                                                   business and accelerate the development of modern and relevant airport
                                                   commercial areas.




                                                   Kesiapan Angkutan Haji 2025
       2
               Mei | May
               2025                                Hajj Transportation Readiness 2025

                                                   Sebanyak 18 bandara disiapkan untuk melayani penerbangan haji 2025 dengan
                                                   memastikan kesiapan operasional dan pelayanan.
                                                   A total of 18 airports were prepared to serve Hajj flights in 2025, ensuring
                                                   operational readiness and service quality.




                                                   Peresmian Terminal 2F Bandara Soekarno-Hatta
       4
               Mei | May
               2025                                Inauguration of Terminal 2F Soekarno-Hatta Airport

                                                   Presiden Republik Indonesia meresmikan Terminal 2F sebagai terminal khusus
                                                   haji dan umrah berstandar internasional dengan kapasitas hingga 6,1 juta
                                                   jemaah per tahun.
                                                   The President of the Republic of Indonesia inaugurated Terminal 2F as a
                                                   dedicated Hajj and Umrah terminal with international standards and a capacity
                                                   of up to 6.1 million pilgrims annually.




                                                   Penghargaan Pelayanan Prima
      14
               Mei | May
               2025                                Excellent Service Awards

                                                   Sepuluh bandara memperoleh Penghargaan Pelayanan Prima dari Kementerian
                                                   Perhubungan berdasarkan evaluasi kinerja pelayanan publik.
                                                   Ten airports received excellent service awards from the Ministry of Transportation
                                                   based on public service performance evaluations.




18   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 19
Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




                                                 International Conference on Infrastructure (ICI)
12
        Juni | June
        2025                                     International Conference on Infrastructure (ICI)

                                                 Perusahaan berpartisipasi dalam forum internasional guna memperkuat peran
                                                 dalam pengembangan infrastruktur dan konektivitas nasional.
                                                 The Company participated in an international forum to strengthen its role in
                                                 infrastructure development and national connectivity.




                                                 Program Customer Experience Libur Sekolah
1–31
            Juli | July
            2025                                 School Holiday Customer Experience Program

                                                 Perusahaan melaksanakan program peningkatan pengalaman pelanggan
                                                 selama periode libur sekolah untuk menciptakan perjalanan yang lebih nyaman
                                                 dan menyenangkan.
                                                 The Company implemented a customer experience program during the school
                                                 holiday period to create a more comfortable and enjoyable journey.




                                                 DestinAsian Readers’ Choice Awards 2025
7
        Juli | July
        2025                                     DestinAsian Readers’ Choice Awards 2025

                                                 Bandara Ngurah Rai dan Soekarno-Hatta masuk dalam lima besar bandara
                                                 terbaik di kawasan Asia-Pasifik berdasarkan penilaian pengguna jasa.
                                                 Ngurah Rai and Soekarno-Hatta Airports ranked among the top five airports in
                                                 Asia-Pacific based on passenger voting.




                                                 Program Loyalitas Eat Shop Fly
13
        Juli | July
        2025                                     Eat Shop Fly Loyalty Program

                                                 Perusahaan memberikan apresiasi kepada pelanggan dengan transaksi tertinggi
                                                 sebagai bagian dari penguatan program loyalitas pengguna jasa bandara.
                                                 The Company rewarded top-spending customers as part of strengthening its
                                                 passenger loyalty program.




                                                 Pengalihan Operasional Penerbangan
1
        Agustus | August
        2025                                     Flight Operations Transfer

                                                 Pengalihan sebagian penerbangan dari Bandara Halim Perdanakusuma ke
                                                 Bandara Soekarno-Hatta dilakukan untuk meningkatkan kualitas layanan dan
                                                 kapasitas operasional.
                                                 The transfer of certain flights from Halim Perdanakusuma Airport to Soekarno-
                                                 Hatta Airport was carried out to improve service quality and operational capacity.




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   19
Page 20
       Ikhtisar 2025        Laporan Manajemen     Tentang Perusahaan      Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights      Management Report     About the Company       Management Discussion and Analysis      Corporate Governance




                                                Penetapan 30 Bandara sebagai Bandara Internasional
       8       Agustus | August
               2025                             Designation of 30 Airports as International Airports

                                                Penetapan oleh Kementerian Perhubungan memperkuat peran bandara dalam
                                                meningkatkan konektivitas udara dan mendukung pertumbuhan ekonomi
                                                nasional.
                                                The designation by the Ministry of Transportation strengthened airport roles in
                                                enhancing air connectivity and supporting national economic growth.




                                                Kolaborasi Pengembangan Koperasi Desa
       9       Agustus | August
               2025                             Village Cooperative Development Collaboration

                                                Perusahaan bekerja sama dengan Sarinah dalam penguatan kapasitas koperasi
                                                melalui program pengembangan usaha dan peningkatan kompetensi.
                                                The Company collaborated with Sarinah to strengthen cooperative capacity
                                                through business development and capability enhancement programs.




                                                Instalasi Seni Nusantara Heritage
      14       Agustus | August
               2025                             Nusantara Heritage Art Installation

                                                Perusahaan menghadirkan instalasi seni di Terminal 3 sebagai bagian dari
                                                penguatan identitas budaya dan peningkatan pengalaman pengguna jasa.
                                                The Company introduced an art installation at Terminal 3 to strengthen cultural
                                                identity and enhance passenger experience.




                                                Implementasi Aplikasi All Indonesia
       1       September | September
               2025                             All Indonesia Application Implementation

                                                Perusahaan  mengimplementasikan    platform digital  terpadu    untuk
                                                menyederhanakan proses kedatangan penumpang internasional secara lebih
                                                efisien.
                                                The Company implemented an integrated digital platform to streamline
                                                international passenger arrival processes more efficiently.




                                                HUT ke-1 PT Angkasa Pura Indonesia
       9       September | September
               2025                             1st Anniversary of PT Angkasa Pura Indonesia

                                                Perusahaan memperingati satu tahun berdirinya                  sebagai   momentum
                                                penguatan identitas dan arah strategis ke depan.
                                                The Company commemorated its first anniversary as a milestone to strengthen
                                                corporate identity and future strategic direction.




                                                Program Penanaman 1 Juta Pohon
       9       September | September
               2025                             One Million Tree Planting Program

                                                Perusahaan melaksanakan program penanaman pohon di 30 bandara sebagai
                                                bagian dari komitmen terhadap keberlanjutan lingkungan.
                                                The Company carried out a tree-planting program across 30 airports as part of its
                                                environmental sustainability commitment.




20   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 21
Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




                                                 Penyerahan ASQ Awards 2024
10      September | September
        2025                                     ASQ Awards 2024 Presentation

                                                 Perusahaan menerima secara resmi 27 penghargaan ASQ dalam forum
                                                 internasional sebagai pengakuan atas kualitas layanan.
                                                 The Company officially received 27 ASQ awards at an international forum in
                                                 recognition of service excellence.




                                                 Program “Melayani Sepenuh Hati with ImpaCX”
19      September | September
        2025                                     “Serving Wholeheartedly with ImpaCX” Program

                                                 Perusahaan meluncurkan program peningkatan pengalaman pelanggan
                                                 berbasis enam pilar layanan guna menghadirkan layanan yang lebih andal dan
                                                 berkualitas.
                                                 The Company launched a customer experience program based on six service
                                                 pillars to deliver more reliable and high-quality services.




                                                 Dukungan MotoGP Mandalika
3–5         Oktober | October
            2025                                 Support for Mandalika MotoGP

                                                 Bandara Lombok mendukung kelancaran operasional                    penyelenggaraan
                                                 MotoGP Mandalika sebagai ajang internasional.
                                                 Lombok Airport supported the smooth operation of the Mandalika MotoGP
                                                 international event.




                                                 Penghargaan The Best Contact Center Indonesia 2025 dari Indonesia
10      Oktober | October
        2025                                     Contact Center Association
                                                 The Best Contact Center Indonesia 2025 Award from the Indonesia
                                                 Contact Center Association

                                                 Perusahaan meraih tiga kategori penghargaan, yaitu sebagai The Best Contact
                                                 Center Operations, The Best Customer Experience, dan The Best Agent Inbound
                                                 Public dalam bidang layanan pusat kontak sebagai bentuk pengakuan atas
                                                 kualitas layanan pelanggan.
                                                 The Company received three award categories, namely The Best Contact Center
                                                 Operations, The Best Customer Experience, and The Best Inbound Public Agent
                                                 in the contact center services field, as recognition of the quality of its customer
                                                 service.




                                                 Bali Best Island in Asia 2025
11      Oktober | October
        2025                                     Bali Best Island in Asia 2025

                                                 Keberhasilan Bali sebagai destinasi terbaik Asia turut didukung oleh peningkatan
                                                 kualitas layanan Bandara Ngurah Rai.
                                                 Bali’s recognition as the best island in Asia was supported by improved service
                                                 quality at Ngurah Rai Airport.




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   21
Page 22
       Ikhtisar 2025        Laporan Manajemen     Tentang Perusahaan     Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights      Management Report     About the Company      Management Discussion and Analysis   Corporate Governance




                                                Customer Satisfaction Index (INACA)
      16
               Oktober | October
               2025                             Customer Satisfaction Index (INACA)

                                                Empat bandara memperoleh penghargaan atas tingkat kepuasan pelanggan
                                                yang tinggi berdasarkan penilaian asosiasi maskapai nasional.
                                                Four airports received awards for high customer satisfaction based on national
                                                airline association assessments.




                                                Diskon Tarif Nataru
      22
               Oktober | October
               2025                             Year-End Holiday Discount Policy

                                                Perusahaan memberlakukan diskon tarif jasa bandara untuk mendukung
                                                kelancaran mobilitas selama periode Natal dan Tahun Baru.
                                                The Company implemented airport charge discounts to support smooth mobility
                                                during the Christmas and New Year period.




                                                Megahubs 2025 (OAG Aviation)
       4
               November | November
               2025                             Megahubs 2025 (OAG Aviation)

                                                Bandara Soekarno-Hatta dan Ngurah Rai masuk dalam daftar bandara dengan
                                                konektivitas global tertinggi.
                                                Soekarno-Hatta and Ngurah Rai Airports were listed among the world’s most
                                                connected airports.




                                                Bisnis Indonesia Logistics Awards 2025
       5
               November | November
               2025                             Bisnis Indonesia Logistics Awards 2025

                                                Perusahaan memperoleh penghargaan atas kontribusi dalam penguatan sistem
                                                logistik dan konektivitas nasional.
                                                The Company received an award for its contribution to strengthening national
                                                logistics and connectivity.




                                                Super Terminal Expo 2025
      10
               November | November
               2025                             Super Terminal Expo 2025

                                                Bandara Sultan Hasanuddin memperoleh penghargaan atas desain terminal
                                                yang mengintegrasikan fungsi dan pengalaman pengguna.
                                                Sultan Hasanuddin Airport received recognition for terminal design integrating
                                                functionality and passenger experience.




                                                Pengoperasian Penuh Terminal 1C
      12
               November | November
               2025                             Full Operation of Terminal 1C

                                                Terminal 1C resmi beroperasi penuh dengan peningkatan kapasitas dan kualitas
                                                fasilitas pelayanan.
                                                Terminal 1C commenced full operations with increased capacity and improved
                                                service facilities.




22   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 23
Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




                                                 Indonesia ESG Leadership Awards 2025
13
        November | November
        2025                                     Indonesia ESG Leadership Awards 2025

                                                 Perusahaan meraih predikat tertinggi atas transparansi dan penerapan prinsip
                                                 lingkungan, sosial, dan tata kelola.
                                                 The Company achieved the highest recognition for transparency and ESG
                                                 implementation.




                                                 Posko Bantuan Bencana
29
        November | November
        2025                                     Disaster Relief Post

                                                 Perusahaan membuka posko bantuan di sejumlah wilayah sebagai bentuk
                                                 kepedulian terhadap masyarakat terdampak bencana.
                                                 The Company established relief posts in several regions as part of its social
                                                 responsibility toward disaster-affected communities.




                                                 TOP Digital Awards 2025
4
        Desember | December
        2025                                     TOP Digital Awards 2025

                                                 Perusahaan memperoleh penghargaan atas keberhasilan dalam implementasi
                                                 transformasi digital.
                                                 The Company received awards for its success in digital transformation
                                                 implementation.




                                                 Posko Natal dan Tahun Baru 2025/2026
15
        Desember | December
        2025                                     Christmas and New Year Operational Post of 2025/2026

                                                 Perusahaan membuka posko operasional untuk memastikan kelancaran
                                                 layanan selama periode Natal dan Tahun Baru.
                                                 The Company established operational posts to ensure smooth services during
                                                 the Christmas and New Year period.




                                                 Go Live Manajemen Operasional berbasis Trafik (MOT) Dashboard –
17
        Desember | December
        2025                                     Modul Pre-Operation
                                                 Go-Live of the Traffic-Based Operational Management (MOT) Dashboard
                                                 – Pre-Operation Module

                                                 Perusahaan mengimplementasikan sistem manajemen operasi berbasis data
                                                 untuk meningkatkan efektivitas pengambilan keputusan operasional.
                                                 The Company implemented a data-driven operations management system to
                                                 enhance operational decision-making effectiveness.


                                                 Penandatanganan Akta Inbreng Garuda Maintenance Facility
30
        Desember | December
        2025                                     Inbrenc Deed Signing of Garuda Maintenance Facility

                                                 Perusahaan memperkuat struktur permodalan dan ekosistem industri aviasi
                                                 melalui penandatanganan akta inbreng.
                                                 The Company strengthened capital structure and the aviation ecosystem
                                                 through the signing of an inbreng deed.




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   23
Page 24
       Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan        Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights    Management Report      About the Company         Management Discussion and Analysis      Corporate Governance




     PENGHARGAAN DAN SERTIFIKAT
     AWARDS AND CERTIFICATES


         Penghargaan
     Awards




            Tanggal          Ajang Penghargaan        Kategori Penghargaan               Unit Kerja               Penyelenggara
              Date               Award Event             Award Category                 Business Unit                Organizer

      11 Februari 2025     Airports Customer          Airports Customer          Bandara Internasional          Airports Council
      February 11, 2025    Experience                 Experience                 Soekarno-Hatta                 International (ACI)
                           Accreditation Program      Accreditation Level 1      Tangerang

      10 Maret 2025        Airport Service Quality    Best Airport Over 40       Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          Million Passengers         Soekarno-Hatta                 International (ACI)
                                                      in Asia-Pacific            Tangerang

      10 Maret 2025        Airport Service Quality    Best Airport of 15 to      Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          25 Million Passengers      I Gusti Ngurah Rai Bali        International (ACI)
                                                      in Asia-Pacific

      10 Maret 2025        Airport Service Quality    Best Airport of 5 to       Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          15 Million Passengers      Juanda Surabaya                International (ACI)
                                                      in Asia-Pacific

      10 Maret 2025        Airport Service Quality    Easiest Airport            Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          Journey in Asia-Pacific    Juanda Surabaya                International (ACI)

      10 Maret 2025        Airport Service Quality    Most Enjoyable Airport     Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          in Asia-Pacific            Juanda Surabaya                International (ACI)

      10 Maret 2025        Airport Service Quality    Cleanest Airport           Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          in Asia-Pacific            Juanda Surabaya                International (ACI)

      10 Maret 2025        Airport Service Quality    ACI World Director         Bandara Internasional          Airports Council
      March 10, 2025       (ASQ) Awards 2024          General’s Roll of          Juanda Surabaya                International (ACI)
                                                      Excellence




24   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 25
 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




      Tanggal                Ajang Penghargaan          Kategori Penghargaan                   Unit Kerja           Penyelenggara
        Date                     Award Event                Award Category                    Business Unit           Organizer

10 Maret 2025              Airport Service Quality      Best Airport of 5 to             Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            15 Million Passengers            Sultan Hasanuddin       International (ACI)
                                                        in Asia-Pacific                  Makassar

10 Maret 2025              Airport Service Quality      Airport with the                 Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            Most Dedicated                   Sultan Hasanuddin       International (ACI)
                                                        Staff in Asia-Pacific            Makassar

10 Maret 2025              Airport Service Quality      Easiest Airport                  Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            Journey in Asia-Pacific          Sultan Hasanuddin       International (ACI)
                                                                                         Makassar

10 Maret 2025              Airport Service Quality      Most Enjoyable Airport           Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            in Asia-Pacific                  Sultan Hasanuddin       International (ACI)
                                                                                         Makassar

10 Maret 2025              Airport Service Quality      Cleanest Airport                 Bandara Internasional   Airports Council
 March 10, 2025            (ASQ) Awards 2024            in Asia-Pacific                  Sultan Hasanuddin       International (ACI)
                                                                                         Makassar

10 Maret 2025              Airport Service Quality      Best ASQ Awards                  Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            in all 5 Departure               Sultan Hasanuddin       International (ACI)
                                                        Categories                       Makassar

10 Maret 2025              Airport Service Quality      Best Airport of 5 to             Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            15 Million Passengers            SAMS Sepinggan          International (ACI)
                                                        in Asia-Pacific                  Balikpapan

10 Maret 2025              Airport Service Quality      Airport with the                 Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            Most Dedicated                   SAMS Sepinggan          International (ACI)
                                                        Staff in Asia-Pacific            Balikpapan

10 Maret 2025              Airport Service Quality      Easiest Airport                  Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            Journey in Asia-Pacific          SAMS Sepinggan          International (ACI)
                                                                                         Balikpapan

10 Maret 2025              Airport Service Quality      Most Enjoyable Airport           Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            in Asia-Pacific                  SAMS Sepinggan          International (ACI)
                                                                                         Balikpapan

10 Maret 2025              Airport Service Quality      Cleanest Airport                 Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            in Asia-Pacific                  SAMS Sepinggan          International (ACI)
                                                                                         Balikpapan

10 Maret 2025              Airport Service Quality      Best ASQ Awards                  Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            in all 5 Departure               SAMS Sepinggan          International (ACI)
                                                        Categories                       Balikpapan

10 Maret 2025              Airport Service Quality      Best Airport of 2 to             Bandara Internasional   Airports Council
March 10, 2025             (ASQ) Awards 2024            5 Million Passengers             Yogyakarta              International (ACI)
                                                        in Asia-Pacific                  Kulon Progo

10 Maret 2025              Airport Service Quality      Best Airport of 2 to             Bandara Supadio         Airports Council
March 10, 2025             (ASQ) Awards 2024            5 Million Passengers             Pontianak               International (ACI)
                                                        in Asia-Pacific

10 Maret 2025              Airport Service Quality      Best Airport of 2 to             Bandara Sultan          Airports Council
March 10, 2025             (ASQ) Awards 2024            5 Million Passengers             Mahmud Badaruddin       International (ACI)
                                                        in Asia-Pacific                  II Palembang

10 Maret 2025              Airport Service Quality      Airport with the                 Bandara Sultan          Airports Council
March 10, 2025             (ASQ) Awards 2024            Most Dedicated                   Mahmud Badaruddin       International (ACI)
                                                        Staff in Asia-Pacific            II Palembang

10 Maret 2025              Airport Service Quality      Most Enjoyable Airport           Bandara Sultan          Airports Council
March 10, 2025             (ASQ) Awards 2024            in Asia-Pacific                  Mahmud Badaruddin       International (ACI)
                                                                                         II Palembang




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   25
Page 26
       Ikhtisar 2025     Laporan Manajemen         Tentang Perusahaan        Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights   Management Report         About the Company         Management Discussion and Analysis      Corporate Governance




            Tanggal          Ajang Penghargaan         Kategori Penghargaan                Unit Kerja                Penyelenggara
              Date              Award Event               Award Category                  Business Unit                Organizer

      10 Maret 2025        Airport Service Quality     Best Airport of 2 to        Bandara Jenderal               Airports Council
      March 10, 2025       (ASQ) Awards 2024           5 Million Passengers        Ahmad Yani Semarang            International (ACI)
                                                       in Asia-Pacific

      10 Maret 2025        Airport Service Quality     ACI World Director          Bandara Jenderal               Airports Council
      March 10, 2025       (ASQ) Awards 2024           General’s Roll of           Ahmad Yani Semarang            International (ACI)
                                                       Excellence

      10 Maret 2025        Airport Service Quality     Best Airport under 2        Bandara Pattimura              Airports Council
      March 10, 2025       (ASQ) Awards 2024           Million Passengers          Ambon                          International (ACI)
                                                       in Asia-Pacific

      09 April 2025        Skytrax World Airport       #5 World’s Top 100          Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 Airports 2025               Soekarno-Hatta
                                                                                   Tangerang

      09 April 2025        Skytrax World Airport       Certified 4 Star            Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 Airport Rating 2025         Soekarno-Hatta
                                                                                   Tangerang

      09 April 2025        Skytrax World Airport       #3 Best Airports 2025       Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 by Size (50-60M Pax)        Soekarno-Hatta
                                                                                   Tangerang

      09 April 2025        Skytrax World Airport       #9 Best Airports            Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 in Asia 2025                Soekarno-Hatta
                                                                                   Tangerang

      09 April 2025        Skytrax World Airport       #10 Best Airport            Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 Staff in Asia 2025          Soekarno-Hatta
                                                                                   Tangerang

      09 April 2025        Skytrax World Airport       #10 World’s Best            Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 Airport Immigration         Soekarno-Hatta
                                                       Services                    Tangerang

      09 April 2025        Skytrax World Airport       #72 World’s Top             Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 100 Airports 2025           I Gusti Ngurah Rai Bali

      09 April 2025        Skytrax World Airport       #6 Best Regional            Bandara Internasional          Skytrax
      April 9, 2025        Awards 2025                 Airports in Asia 2025       I Gusti Ngurah Rai Bali

      14 Mei 2025          Penilaian Pelayanan         Penghargaan                 Bandara Internasional          Kementerian
      May 14, 2025         Prima Sektor                Prima Utama                 I Gusti Ngurah Rai Bali        Perhubungan RI
                           Transportasi                Prima Utama Award                                          Indonesian Ministry
                                                                                                                  of Transportation

      14 Mei 2025          Penilaian Pelayanan         Penghargaan                 Bandara Internasional          Kementerian
      May 14, 2025         Prima Sektor                Prima Utama                 Yogyakarta                     Perhubungan RI
                           Transportasi                Prima Utama Award           Kulon Progo                    Indonesian Ministry
                                                                                                                  of Transportation


26   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 27
 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




      Tanggal                Ajang Penghargaan       Kategori Penghargaan                   Unit Kerja             Penyelenggara
        Date                     Award Event             Award Category                    Business Unit             Organizer

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Internasional     Kementerian
May 14, 2025               Prima Sektor              Prima Utama                      Zainuddin Abdul           Perhubungan RI
                           Transportasi              Prima Utama Award                Madjid Lombok             Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Internasional     Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      Sultan Hasanuddin         Perhubungan RI
                           Transportasi              Prima Madya Award                Makassar                  Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Internasional     Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      Juanda Surabaya           Perhubungan RI
                           Transportasi              Prima Madya Award                                          Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Syamsudin         Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      Noor Banjarmasin          Perhubungan RI
                           Transportasi              Prima Madya Award                                          Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Internasional     Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      Sam Ratulangi Manado      Perhubungan RI
                           Transportasi              Prima Madya Award                                          Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Internasional     Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      Sentani Jayapura          Perhubungan RI
                           Transportasi              Prima Madya Award                                          Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Pattimura         Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      Ambon                     Perhubungan RI
                           Transportasi              Prima Madya Award                                          Indonesian Ministry
                                                                                                                of Transportation

14 Mei 2025                Penilaian Pelayanan       Penghargaan                      Bandara Internasional     Kementerian
May 14, 2025               Prima Sektor              Prima Madya                      SAMS Sepinggan            Perhubungan RI
                           Transportasi              Prima Madya Award                Balikpapan                Indonesian Ministry
                                                                                                                of Transportation

07 Juli 2025               18th Annual Readers’      #4 Best Airports in              Bandara Internasional     DestinAsian
July 7, 2025               Choice Awards             Asia-Pacific 2025                I Gusti Ngurah Rai Bali

07 Juli 2025               18th Annual Readers’      #5 Best Airports in              Bandara Internasional     DestinAsian
July 7, 2025               Choice Awards             Asia-Pacific 2025                Soekarno-Hatta
                                                                                      Tangerang




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   27
Page 28
       Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights     Management Report      About the Company        Management Discussion and Analysis      Corporate Governance




            Tanggal           Ajang Penghargaan       Kategori Penghargaan               Unit Kerja                Penyelenggara
              Date                Award Event            Award Category                 Business Unit                Organizer

      16 September 2025     Environmental &           Penghargaan                Bandara Jenderal               PT Sucofindo
      September 16, 2025    Social Innovation         Platinum Kategori          Ahmad Yani Semarang            (Persero)
                            Awards                    Pengelolaan Sampah
                                                      Platinum Award for
                                                      Waste Management
                                                      Category

      16 September 2025     Environmental &           Penghargaan                Bandara Internasional          PT Sucofindo
      September 16, 2025    Social Innovation         Emas Kategori              Sultan Aji Muhammad            (Persero)
                            Awards                    Pengelolaan Sampah         Sulaiman Sepinggan
                                                      Gold Award for             Balikpapan
                                                      Waste Management
                                                      Category

      16 September 2025     Environmental &           Penghargaan Perak          Bandara Internasional          PT Sucofindo
      September 16, 2025    Social Innovation         Kategori Efisiensi Air     Yogyakarta                     (Persero)
                            Awards                    dan Penurunan Beban
                                                      Pencemaran Air
                                                      Silver Award for
                                                      Water Efficiency
                                                      and Reduction of
                                                      Water Pollution
                                                      Load Category

      10 Oktober 2025       The Best Contact          Silver Award: Best         PT Angkasa Pura                Indonesia
      October 10, 2025      Center Indonesia 2025     Agent Inbound              Indonesia                      Contact Center
                                                                                                                Association (ICCA)

      10 Oktober 2025       The Best Contact          Gold Award: Best           PT Angkasa Pura                Indonesia
      October 10, 2025      Center Indonesia 2025     Customer Experience        Indonesia                      Contact Center
                                                                                                                Association (ICCA)

      10 Oktober 2025       The Best Contact          Gold Award: Best           PT Angkasa Pura                Indonesia
      October 10, 2025      Center Indonesia 2025     Contact Center             Indonesia                      Contact Center
                                                      Public Service                                            Association (ICCA)

      16 Oktober 2025       Asean Energy              Asean Best                 Bandara Internasional          Asean Energy
      October 16, 2025      Award 2025                Practice for Green         Jenderal Ahmad Yani            Center
                                                      Building Award

      16 Oktober 2025       Customer Satisfaction     The Best Airports          Bandara Internasional          Indonesia National
      October 16, 2025      Index 2025                < 2 Million Pax            Frans Kaisiepo Biak            Air Carriers
                                                                                                                Association (INACA)

      16 Oktober 2025       Customer Satisfaction     The Best Airports          Bandara Internasional          Indonesia National
      October 16, 2025      Index 2025                2-5 Million Pax            Sultan Syarif Kasim            Air Carriers
                                                                                 II Pekanbaru                   Association (INACA)

      16 Oktober 2025       Customer Satisfaction     The Best Airports          Bandara Internasional          Indonesia National
      October 16, 2025      Index 2025                5+ Million Pax             Juanda Surabaya                Air Carriers
                                                                                                                Association (INACA)


28   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 29
 Tanggung Jawab Sosial dan Lingkungan (TJSL)       Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




      Tanggal                Ajang Penghargaan        Kategori Penghargaan                   Unit Kerja           Penyelenggara
        Date                     Award Event              Award Category                    Business Unit           Organizer

16 Oktober 2025            Customer Satisfaction      The Most Improved                Bandara Internasional   Indonesia National
October 16, 2025           Index 2025                 Airport for Service              Yogyakarta              Air Carriers
                                                                                       Kulon Progo             Association (INACA)

05 November 2025           Bisnis Indonesia           Excellence in Airport            PT Angkasa Pura         Bisnis Indonesia
November 5, 2025           Logistics Awards 2025      Infrastructure and               Indonesia
                                                      Connectivity

10 November 2025           Super Terminal             The Best Airport                 Bandara Internasional   Informa Markets
November 10, 2025          Expo 2025                  Design: 5-20                     Sultan Hasanuddin
                                                      Million Pax                      Makassar

13 November 2025           Indonesia ESG              Predikat Leadership              PT Angkasa Pura         Bumi Global Karbon
November 13, 2025          Leadership                 A – Advancing ESG                Indonesia               Foundation
                           Awards 2025                Transparency
                                                      Leadership A
                                                      Predicate – Advancing
                                                      ESG Transparency

04 Desember 2025           TOP Digital                TOP Digital                      PT Angkasa Pura         Majalah IT Works
December 4, 2025           Awards 2025                Implementation                   Indonesia               IT Works Magazine
                                                      2025 Stars 4

04 Desember 2025           TOP Digital                TOP Leader on Digital            Mohammad R. Pahlevi     Majalah IT Works
December 4, 2025           Awards 2025                Implementation 2025              (Direktur Utama         IT Works Magazine
                                                                                       President Director)

04 Desember 2025           TOP Digital                TOP CIO on Digital               Ferry Kusnowo           Majalah IT Works
December 4, 2025           Awards 2025                Implementation 2025              (Direktur Strategi      IT Works Magazine
                                                                                       dan Pengembangan
                                                                                       Teknologi
                                                                                       Director of Strategy
                                                                                       and Technology
                                                                                       Development)

22 Desember 2025           Apresiasi Aneka            Penghargaan Madya                Bandara Internasional   Direktorat Jenderal
December 22, 2025          Energi Baru                untuk PLTS Atap                  Soekarno-Hatta          Energi Baru,
                           Terbarukan (AAEBT)         Terminal 2 dan                                           Terbarukan dan
                           Renewable Energy           Gedung AOCC                                              Konservasi Energi,
                           Appreciation               Madya Award for                                          Kementerian
                           Awards (AAEBT)             Rooftop Solar PV at                                      Energi dan Sumber
                                                      Terminal 2 and the                                       Daya Mineral
                                                      AOCC Building                                            Directorate General
                                                                                                               of New, Renewable
                                                                                                               Energy and Energy
                                                                                                               Conservation,
                                                                                                               Ministry of Energy
                                                                                                               and Mineral
                                                                                                               Resources



                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   29
Page 30
       Ikhtisar 2025       Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights     Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




         Sertifikat
     Certificates


         Sertifikat Bandar Udara (SBU)
         Airport Certificate (SBU)


     Jenis Sertifikasi        Sertifikat Operasional Utama Bandar Udara
     Type of Certificate      Main Airport Operational Certificate

     Periode Berlaku          Sejak 2025
     Validity Period          Since 2025

     Penyelenggara            Direktorat Jenderal Perhubungan Udara, Kementerian Perhubungan
     Organizer                Directorate General of Civil Aviation, Ministry of Transportation




30   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 31
 Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




   Sertifikasi ISO 45001:2018 Occupational Health and Safety Management System
   ISO 45001:2018 Occupational Health and Safety Management System Certification


Jenis Sertifikasi           Sertifikasi Sistem Manajemen Keselamatan dan Kesehatan Kerja (Standar Internasional)
Type of Certificate         Occupational Health and Safety Management System Certification (International Standard)

Periode Berlaku             DJJ & SRG         :   3 Maret 2022 – 2 Maret 2025
Validity Period                                   March 3, 2022 – March 2, 2025

                            CGK               :   21 Januari 2023 – 20 Januari 2026
                                                  January 21, 2023 – January 20, 2026

                            DPS               :   27 Mei 2025 – 26 Mei 2028
                                                  May 27, 2025 – May 26, 2028

                            SUB               :   30 Juni 2025 – 29 Juni 2028
                                                  June 30, 2025 – June 29, 2028

                            YIA               :   18 Juni 2025 – 17 Juni 2028
                                                  June 18, 2025 – June 17, 2028

                            Total             :   6 bandara
                            Total                 6 airports

Penyelenggara               •   PT Sucofindo (DJJ & SRG)
Organizer                   •   BSI (CGK, DPS, SUB, YIA)




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   31
Page 32
       Ikhtisar 2025       Laporan Manajemen     Tentang Perusahaan    Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights     Management Report     About the Company     Management Discussion and Analysis   Corporate Governance




         Sertifikasi Sistem Manajemen Keselamatan dan Kesehatan Kerja (SMK3)
         Occupational Health and Safety Management System Certification (SMK3)



     Jenis Sertifikasi        Sertifikasi Sistem Manajemen Keselamatan dan Kesehatan Kerja (Standar Nasional)
     Type of Certificate      Occupational Health and Safety Management System Certification (National Standard)

     Periode Berlaku          BPN, DJJ, DPS, SOC, SRG, SUB, YIA        :    13 Mei 2022 - 12 Mei 2025
     Validity Period                                                        May 13, 2022 - May 12, 2025

                              BDO, BTJ, CGK, DJB, DTB, LOP, MDC,       :    9 Juni 2023 - 8 Juni 2026
                              PDG, PGK, PKU, PPLM, PNK, TNJ, UPG            June 9, 2023 - June 8, 2026

                              BDJ                                      :    6 Agustus 2024 - 5 Agustus 2027
                                                                            August 6, 2024 - August 5, 2027

                              Total		:                                      22 Bandara
                              Total                                         22 Airports

     Penyelenggara            Kementerian Ketenagakerjaan
     Organizer                Ministry of Manpower




32   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 33
 Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




   Sertifikasi ISO 14001:2015 Sistem Manajemen Lingkungan (DPS, YIA, SRG, BDJ)
   tahun 2024
   ISO 14001:2015 Environmental Management System Certification (DPS, YIA, SRG, BDJ) of 2024




Jenis Sertifikasi           Sertifikasi Sistem Manajemen Lingkungan
Type of Certificate         Environmental Management System Certification

Periode Berlaku             BDJ      :   21 Februari 2024 - 20 Februari 2027
Validity Period                          February 21, 2024 – February 20, 2027

                            DPS      :   5 Januari 2024 - 4 Januari 2027
                                         January 5, 2024 – January 4, 2027

                            SRG      :   21 Februari 2024 - 20 Februari 2027
                                         February 21, 2024 – February 20, 2027

                            YIA      :   5 Januari 2024 - 4 Januari 2027
                                         January 5, 2024 – January 4, 2027

Penyelenggara               PT Sucofindo – ID Survey
Organizer




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   33
Page 34
       Ikhtisar 2025       Laporan Manajemen        Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights     Management Report        About the Company        Management Discussion and Analysis   Corporate Governance




         • Green Building – Bangunan Baru (SRG, YIA)
           Green Building – New Building (SRG, YIA)
         • Green Building – Bangunan Eksisting (BWX)
           Green Building – Existing Building (BWX)



     Jenis Sertifikasi        Sertifikasi Green Building
     Type of Certificate      Green Building Certification

     Periode Berlaku
     Validity Period          SRG    :   7 Juli 2022 – 7 Juli 2025
                                         July 7, 2022 – July 7, 2025

                              BWX    :   6 Januari 2023 – 6 Januari 2026
                                         January 6, 2023 – January 6, 2026

     Penyelenggara            Green Building Council Indonesia
     Organizer




         Penerapan Standar Minimum Pengamanan Objek Vital
         Strategis dalam Pencegahan Tindak Pidana Terorisme
         Implementation of Minimum Security Standards for Vital
         Strategic Objects in Preventing Terrorism


     Jenis Sertifikasi        Audit BNPT
     Type of Certificate      BNPT Audit

     Periode Berlaku          1 Desember 2025 – 1 Desember 2027
     Validity Period          December 1, 2025 – December 1, 2027

     Penyelenggara            Badan Nasional Penanggulangan Terorisme Republik Indonesia
     Organizer                National Counterterrorism Agency of the Republic of Indonesia




34   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 35
 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




   Greenship NZH V.1.0 – Net Zero Healthy Ready (BWX)
   Greenship NZH V.1.0 – Net Zero Healthy Ready (BWX)



Jenis Sertifikasi           Sertifikasi Greenship NZH V.1.0
Type of Certificate         Greenship NZH V.1.0 Certification

Periode Berlaku             1 November 2023 – 1 November 2026
Validity Period             November 1, 2023 – November 1, 2026

Penyelenggara               Green Building Council Indonesia
Organizer




                                                             SERTIFIKAT
                                                             GREENSHIP NZH V.1.0
                                                                   NO. 011/RP/NZH/XI-2023


                                                         BANDARA BANYUWANGI
                                                                       Peringkat / Level




                                                             Berlaku sampai dengan 01 November 2026

                                                             GREEN BUILDING COUNCIL INDONESIA




                                                                         Iwan Prijanto
                                                                  Ketua Umum Dewan Pengurus




   Certificate of Registration Anti-Bribery Management System – ISO 37001:2016
   Certificate of Registration Anti-Bribery Management System – ISO 37001:2016



Jenis Sertifikasi           Sertifikasi Sistem Manajemen Anti Penyuapan (SMAP)
Type of Certificate         Anti-Bribery Management System (SMAP) Certification

Periode Berlaku             22 Januari 2024 – 8 Desember 2026
Validity Period             January 22, 2024 – December 8, 2026

Penyelenggara               PT BSI Group Indonesia
Organizer




                                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   35
Page 36
             02                 Laporan Manajemen
                                Management Report



             Laporan Dewan Komisaris
             Report from the Board of Commissioners                 38

             Profil Dewan Komisaris
             Profile of the Board of Commissioners                  50

             Laporan Direksi
             Report from the Board of Directors                     62

             Profil Direksi
             Profile of the Board of Directors                      74

             Pernyataan Pertanggungjawaban Atas Pelaporan Tahunan
             Statement of Annual Reporting Accountability           84




36   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 37
PT Angkasa Pura Indonesia 2025 Annual Report   37
Page 38
       Ikhtisar 2025        Laporan Manajemen   Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights      Management Report   About the Company        Management Discussion and Analysis   Corporate Governance




     LAPORAN DEWAN KOMISARIS
     REPORT FROM THE BOARD OF COMMISSIONERS



     Para Pemegang Saham yang Terhormat,                             Dear Our Esteem Shareholders,

     Pertama-tama, marilah kita panjatkan puji dan syukur            First of all, let us express our praise and gratitude to God
     kepada Tuhan Yang Maha Esa, karena berkat rahmat                Almighty, because thanks to His grace and blessings,
     dan karunia-Nya, PT Angkasa Pura Indonesia dan seluruh          PT Angkasa Pura Indonesia and all its stakeholders
     pemangku kepentingannya berhasil melalui tahun 2025             successfully navigated 2025, despite the various
     dengan baik, di tengah berbagai tantangan, dinamika,            challenges, dynamics, and uncertainties that continue to
     serta ketidakpastian yang masih mewarnai lingkungan             characterize the business environment.
     usaha.

     Pada kesempatan ini, perkenankan saya, atas nama                On this occasion, allow me, on behalf of the Board of
     Dewan Komisaris, menyampaikan laporan pengawasan                Commissioners, to present a supervisory report on the
     terhadap pengelolaan usaha Perusahaan untuk tahun               Company’s business management for the 2025 financial
     buku 2025.                                                      year.

     Laporan ini mencakup penilaian Dewan Komisaris atas             This report includes the Board of Commissioners’
     kinerja Direksi dalam mengelola Perusahaan serta                assessment of the Board of Directors’ performance in
     dasar penilaiannya; pengawasan terhadap perumusan               managing the Company and the basis for that assessment;
     dan implementasi strategi oleh Direksi; pandangan               oversight of the Board of Directors’ strategy formulation
     atas prospek usaha yang disusun oleh Direksi berikut            and implementation; the Board of Directors’ outlook on
     pertimbangannya;      serta    pengawasan   terhadap            business prospects and their considerations; and oversight
     penerapan tata kelola perusahaan dan kinerja struktur           of the implementation of corporate governance and the
     organ tata kelola sepanjang tahun 2025.                         performance of the governance structure throughout 2025.




                         Transformasi kelembagaan pasca penggabungan
                         memberikan implikasi strategis terhadap penguatan
                         sistem tata kelola Perusahaan. Skala usaha yang semakin
                         luas serta kompleksitas operasional yang meningkat,
                         juga membutuhkan harmonisasi kebijakan, standarisasi
                         proses, serta integrasi sistem pengendalian internal secara
                         menyeluruh di lingkungan grup.

                         The post-merger institutional transformation has strategic implications
                         for strengthening the Company’s governance system. The expanding
                         business scale and increasing operational complexity also require
                         policy harmonization, process standardization, and comprehensive
                         integration of internal control systems across the group.




38   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 39
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




          Antoni Arif Priadi
          Komisaris Utama
          President Commissioner




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   39
Page 40
       Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
       2025 Highlights    Management Report       About the Company        Management Discussion and Analysis    Corporate Governance




     Tinjauan Ekonomi dan Industri                                     Economic and Industrial Review

     Ekonomi Indonesia pada tahun 2025 tumbuh impresif                 Indonesia’s economy grew an impressive 5.11% year-on-
     sebesar 5,11% (yoy), meningkat dari 5,03% pada 2024,              year (yoy) in 2025, up from 5.03% in 2024, with GDP at
     dengan PDB atas dasar harga berlaku mencapai Rp23.821,1           current prices reaching Rp23,821.1 trillion and GDP per
     triliun dan PDB per kapita Rp83,7 juta (USD 5.083,4). Dari        capita at Rp83.7 million (USD 5,083.4). On the production
     sisi produksi, Lapangan Usaha Jasa Lainnya mencatat               side, the Other Services Sector recorded the highest
     pertumbuhan tertinggi sebesar 9,93%, sementara dari               growth of 9.93%, while on the expenditure side, Exports of
     sisi pengeluaran, Ekspor Barang dan Jasa tumbuh paling            Goods and Services grew the most at 7.03%.
     tinggi sebesar 7,03%.

     Di    tengah  gejolak  dan   ketidakpastian    global,            Amid global turmoil and uncertainty, the national
     perekonomian nasional tetap resilien dengan proyeksi              economy remained resilient, with growth within the
     pertumbuhan pada kisaran 4,7–5,5%, didukung oleh                  projected range of 4.7–5.5%, supported by strong
     permintaan domestik dan konsumsi rumah tangga                     domestic demand and household consumption. High
     yang tetap kuat. Tingginya mobilitas masyarakat                   public mobility, coupled with this consumption growth,
     sejalan dengan pertumbuhan konsumsi tersebut turut                also drove increased activity in the transportation and
     mendorong peningkatan aktivitas di sektor transportasi            aviation sectors.
     dan penerbangan.

     Kinerja transaksi ekonomi dan keuangan digital juga               The performance of digital economic and financial
     tetap solid, tercermin dari pertumbuhan volume transaksi          transactions also remained solid, reflected in a 30.44% (yoy)
     BI-FAST sebesar 30,44% (yoy) dan BI-RTGS sebesar 31,04%           growth in BI-FAST transaction volume and 31.04% (yoy)
     (yoy) pada triwulan IV 2025. Stabilitas makroekonomi              growth in BI-RTGS transaction volume in the fourth quarter
     tetap terjaga dengan inflasi IHK sebesar 2,92% (yoy)              of 2025. Macroeconomic stability was maintained, with CPI
     pada akhir 2025, berada dalam kisaran sasaran 2,5±1%,             inflation at 2.92% (yoy) at the end of 2025, within the target
     serta nilai tukar Rupiah yang terkendali di Rp16.675 per          range of 2.5±1%, and a controlled Rupiah exchange rate of
     dolar AS. Kondisi ini memberikan fondasi yang kuat bagi           Rp16,675 per US dollar. These conditions provided a strong
     keberlanjutan dan pengembangan industri penerbangan               foundation for the sustainability and development of the
     dan transportasi nasional.                                        national aviation and transportation industry.

     Menurut laporan Indonesia National Air Carrier                    According to a report by the Indonesia National Air
     Association (INACA), industri penerbangan pada akhir              Carrier Association (INACA), the aviation industry faced
     2025 menghadapi tekanan yang cukup signifikan dan                 significant pressure at the end of 2025 and was considered
     secara operasional dinilai lebih “sluggish” dibandingkan          operationally more sluggish than in 2024, primarily due
     2024, terutama akibat berbagai kendala teknis. Salah satu         to various technical constraints. One major challenge
     tantangan utama adalah keterbatasan armada, dimana                was fleet limitations, with only 368 of the 568 registered
     dari total 568 pesawat terdaftar, hanya 368 pesawat               aircraft (approximately 65%) operational, while nearly
     (sekitar 65%) yang beroperasi, sementara hampir 200               200 aircraft were grounded due to maintenance or spare
     pesawat lainnya tidak dapat digunakan karena perawatan            parts supply chain constraints. This situation created
     maupun kendala rantai pasok suku cadang. Kondisi ini              a bottleneck that limited airline service capacity amid
     menjadi bottleneck yang membatasi kapasitas layanan               persistently high demand.
     maskapai di tengah permintaan yang tetap tinggi.

     Selain itu, maskapai masih menghadapi tekanan biaya               Furthermore, airlines continued to face pressure from
     operasional yang tinggi, termasuk harga avtur dan                 high operational costs, including aviation fuel prices
     fluktuasi nilai tukar, yang menjaga harga tiket tetap             and exchange rate fluctuations, which kept ticket prices
     relatif tinggi dan menekan margin usaha. Keterbatasan             relatively high and squeezed operating margins. The
     jumlah pesawat yang beroperasi juga berdampak pada                limited number of aircraft in operation also impacted air
     konektivitas udara, khususnya ke kota-kota sekunder (Tier         connectivity, particularly to secondary cities (Tier 2 and
     2 dan Tier 3), yang mengalami keterbatasan kapasitas              Tier 3), which faced limited capacity compared to routes
     dibandingkan rute menuju hub utama seperti Jakarta                to major hubs like Jakarta and Bali. These challenges were
     dan Bali. Tantangan-tantangan ini menjadi faktor krusial          crucial factors influencing industry dynamics throughout
     yang mempengaruhi dinamika industri sepanjang 2025.               2025.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Pengawasan Atas Perumusan dan                                            Supervision of the Strategy
Implementasi Strategi yang Disusun                                       Formulation and Implementation
Oleh Direksi                                                             Prepared by the BOD
Dewan Komisaris PT Angkasa Pura Indonesia menjalankan                    The Board of Commissioners of PT Angkasa Pura
fungsi pengawasan dan pemberian nasihat kepada                           Indonesia carried out its supervisory and advisory
Direksi, serta memastikan penerapan praktik tata kelola                  functions toward the Board of Directors, while ensuring
perusahaan yang baik (good corporate governance/GCG).                    the implementation of good corporate governance
Dalam pelaksanaan tugas tersebut, Dewan Komisaris                        (GCG) practices. In performing these duties, the Board
bertanggung jawab kepada Pemegang Saham melalui                          of Commissioners was accountable to the Shareholders
mekanisme Rapat Umum Pemegang Saham.                                     through the General Meeting of Shareholders.

Pelaksanaan fungsi pengawasan berpedoman pada                            The execution of supervisory functions was guided by the
Anggaran Dasar Perusahaan, keputusan RUPS, Piagam                        Company’s Articles of Association, resolutions of the GMS,
Dewan Komisaris (Board Manual), serta dokumen                            the Board of Commissioners Charter (Board Manual), as well
perencanaan strategis Perusahaan, termasuk Rencana                       as the Company’s strategic planning documents, including
Jangka Panjang Perusahaan (RJPP) dan Rencana Kerja                       the Long-Term Corporate Plan (RJPP) and the Corporate
dan Anggaran Perusahaan (RKAP). Selain itu, Dewan                        Work Plan and Budget (RKAP). In addition, the Board of
Komisaris mengacu pada Pedoman Tata Kerja Dewan                          Commissioners referred to the Board of Commissioners
Komisaris serta pembagian tugas masing-masing                            Work Guidelines and the allocation of duties among its
anggota sesuai ketentuan yang berlaku.                                   members in accordance with prevailing regulations.

Dalam menjalankan pengawasan, Dewan Komisaris                            In carrying out its oversight role, the Board of
secara berkelanjutan melakukan penilaian atas kinerja                    Commissioners continuously conducted assessments
Direksi, baik secara kolektif maupun individual. Penilaian               of the performance of the Board of Directors, both
ini mencakup aspek keuangan, operasional, strategis,                     collectively and individually. These assessments covered
manajemen risiko, kepatuhan, serta implementasi GCG.                     financial, operational, strategic, risk management,
                                                                         compliance, and GCG implementation aspects.

Evaluasi kinerja dilakukan melalui penelaahan atas                       Performance evaluation was conducted through the
capaian target keuangan, realisasi Key Performance                       review of financial target achievements, realization of Key
Indicators (KPI), serta kesesuaian pelaksanaan RKAP                      Performance Indicators (KPI), as well as the alignment
dengan rencana yang telah ditetapkan. Proses ini                         of RKAP implementation with the approved plans. This
didukung oleh laporan manajemen berkala, laporan                         process was supported by periodic management reports,
keuangan tahunan yang telah diaudit, serta paparan                       audited annual financial statements, and presentations by
Direksi dalam rapat Dewan Komisaris.                                     the Board of Directors in Board of Commissioners meetings.

Di sisi strategis, Dewan Komisaris melakukan review                      From a strategic perspective, the Board of Commissioners
atas perumusan dan implementasi strategi Perusahaan                      reviewed the formulation and implementation of the
dengan menelaah RJPP dan RKAP, serta memastikan                          Company’s strategy by assessing the RJPP and RKAP,
keselarasan strategi dengan visi, misi, profil risiko, dan               and ensured that such strategies were aligned with
dinamika industri. Dewan Komisaris juga memantau                         the Company’s vision, mission, risk profile, and industry
pelaksanaan strategi secara berkala, mengevaluasi                        dynamics. The Board of Commissioners also monitored
deviasi antara rencana dan realisasi, serta memberikan                   the implementation of strategies on a regular basis,
arahan strategis dalam merespons perubahan kondisi                       evaluated deviations between plans and realizations, and
eksternal.                                                               provided strategic direction in response to changes in
                                                                         external conditions.

Pengawasan turut mencakup evaluasi atas proyek                           The supervisory function also included the evaluation of
dan inisiatif strategis, termasuk investasi, ekspansi,                   strategic projects and initiatives, including investments,
dan transformasi bisnis, dengan mempertimbangkan                         business expansion, and transformation programs,
kelayakan usaha, pengelolaan risiko, serta dampaknya                     by considering business feasibility, risk management
terhadap keberlanjutan Perusahaan.                                       effectiveness, and their impact on the Company’s
                                                                         sustainability.

Selain itu, Dewan Komisaris memastikan efektivitas                       Furthermore, the Board of Commissioners ensured the
penerapan manajemen risiko, pengendalian internal,                       effectiveness of risk management implementation,
serta kepatuhan terhadap peraturan perundang-                            internal control systems, and compliance with applicable
undangan melalui dukungan komite-komite di bawah                         laws and regulations through the support of committees



                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report    41
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       Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights     Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




     Dewan Komisaris, seperti Komite Audit, Komite Pemantau            under the Board of Commissioners, including the
     Manajemen Risiko dan Tata Kelola Terintegrasi, dan                Audit Committee, Risk Management and Integrated
     Komite Nominasi dan Remunerasi.                                   Governance Oversight Committee, and Nomination and
                                                                       Remuneration Committee.



     Penilaian Atas Kinerja Direksi Dalam                              Overview of the BOD Performance in
     Pengelolaan Perusahaan                                            Corporate Management
     Hasil penilaian Dewan Komisaris terhadap kinerja Direksi          The assessment conducted by the Board of Commissioners
     merupakan bagian dari evaluasi atas pencapaian KPI                on the performance of the Board of Directors formed
     Direksi, baik secara individu maupun kolegial, serta              part of the evaluation of the achievement of the Board
     raihan skor tata kelola perusahaan sesuai dengan                  of Directors’ KPI, both individually and collectively, as
     kebijakan Kementerian BUMN yang disampaikan kepada                well as the attainment of corporate governance scores
     Pemegang Saham melalui mekanisme Rapat Umum                       in accordance with the policies of the Ministry of SOEs,
     Pemegang Saham (RUPS).                                            which were reported to the Shareholders through the
                                                                       mechanism of the General Meeting of Shareholders (GMS).

     Berdasarkan hasil pengawasan dan evaluasi yang                    Based on the supervision and evaluation carried out
     dilakukan secara berkala sepanjang tahun buku 2025,               periodically throughout the 2025 financial year, the Board
     Dewan Komisaris menilai bahwa Direksi PT Angkasa                  of Commissioners assessed that the Board of Directors of PT
     Pura Indonesia telah menjalankan fungsi pengurusan                Angkasa Pura Indonesia had effectively and professionally
     Perusahaan secara efektif, profesional, dan selaras dengan        carried out the management of the Company in alignment
     prinsip GCG. Hal ini tercermin dari terjaganya pertumbuhan        with the GCG principles. This was reflected in sustained
     trafik penumpang, optimalisasi pendapatan dari segmen             passenger traffic growth, optimization of revenues from
     aeronautika dan nonaeronautika, serta pengendalian                both aeronautical and non-aeronautical segments, and
     biaya yang dilakukan secara prudent.                              the implementation of prudent cost control.

     Selain itu, Dewan Komisaris menilai bahwa Direksi                 In addition, the Board of Commissioners assessed that
     telah mengimplementasikan strategi korporasi secara               the Board of Directors had consistently and measurably
     konsisten dan terukur, termasuk melalui pelaksanaan               implemented corporate strategies, including the
     program transformasi, integrasi operasional, serta                execution of transformation programs, operational
     peningkatan kualitas pelayanan kebandarudaraan.                   integration, and improvements in airport service quality.
     Penguatan tata kelola, manajemen risiko, dan kepatuhan            Strengthening governance, risk management, and
     juga terus dilakukan melalui peningkatan sistem                   compliance was also continuously pursued through
     pengendalian internal dan disiplin terhadap regulasi              enhancements in internal control systems and adherence
     yang berlaku.                                                     to applicable regulations.

     Dalam aspek layanan, berbagai inisiatif peningkatan               In terms of service, various initiatives to improve service
     kualitas layanan, digitalisasi proses, serta penguatan            quality, accelerate process digitalization, and enhance
     keselamatan     dan     keamanan      operasional     telah       operational safety and security had delivered positive
     memberikan dampak positif terhadap pengalaman                     impacts on customer experience, while strengthening
     pengguna jasa serta memperkuat reputasi dan daya                  the Company’s reputation and competitiveness. From a
     saing Perusahaan. Di sisi keberlanjutan, Direksi juga mulai       sustainability perspective, the Board of Directors had also
     mengintegrasikan aspek Environmental, Social, and                 begun integrating Environmental, Social, and Governance
     Governance (ESG) ke dalam pengelolaan usaha, termasuk             (ESG) aspects into business management, including
     melalui efisiensi energi, pengelolaan lingkungan, dan             energy efficiency initiatives, airport environmental
     pemberdayaan masyarakat sekitar.                                  management, and community empowerment programs.

     Meskipun demikian, Dewan Komisaris memandang                      Nevertheless, the Board of Commissioners viewed that
     bahwa masih terdapat ruang perbaikan untuk                        there remained areas for improvement to further optimize
     mendorong kinerja yang lebih optimal, antara lain melalui         performance, including enhancing operational efficiency
     peningkatan efisiensi operasional secara berkelanjutan,           on a sustainable basis, optimizing the non-aeronautical
     optimalisasi portofolio bisnis nonaeronautika, penguatan          business portfolio, strengthening risk mitigation against
     mitigasi risiko terhadap fluktuasi trafik dan kondisi             traffic fluctuations and macroeconomic conditions, as
     makroekonomi, serta percepatan transformasi digital dan           well as accelerating digital transformation and service
     standarisasi layanan di seluruh bandara yang dikelola.            standardization across all managed airports.




42   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   43
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       Ikhtisar 2025       Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights     Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




     Pandangan Atas Prospek Usaha                                       Overview of the Business Prospects
     yang Disusun Oleh Direksi                                          Prepared by the BOD
     Sepanjang tahun 2025 hingga awal tahun 2026,                       Throughout 2025 and into early 2026, the global
     perekonomian global masih diwarnai oleh dinamika                   economy continued to be characterized by dynamics and
     dan ketidakpastian, yang dipengaruhi oleh penyesuaian              uncertainties, driven by monetary policy adjustments
     kebijakan moneter di berbagai negara maju, ketegangan              in advanced economies, geopolitical tensions across
     geopolitik, serta fragmentasi perdagangan global. Kondisi          various regions, and global trade fragmentation affecting
     tersebut berdampak pada stabilitas nilai tukar, inflasi, dan       investment flows and international supply chains.
     daya beli di berbagai negara, termasuk Indonesia.                  These developments had implications for exchange
                                                                        rate stability, inflation, and purchasing power in many
                                                                        countries, including Indonesia.

     Di tengah kondisi tersebut, industri penerbangan dan               Amid these conditions, the aviation and tourism industries
     pariwisata justru menunjukkan tren pemulihan yang                  continued to demonstrate a sustained recovery trend.
     berkelanjutan. Peningkatan mobilitas masyarakat,                   Increased public mobility, the restoration of international
     pulihnya rute internasional, serta meningkatnya                    routes, and improved air connectivity drove growth in
     konektivitas udara telah mendorong pertumbuhan                     passenger traffic and international flight movements
     pergerakan penumpang dan penerbangan internasional                 throughout 2025 compared to the previous year. This
     sepanjang tahun 2025 dibandingkan tahun sebelumnya.                trend was further supported by the Company’s positive
     Tren ini turut diperkuat oleh kinerja finansial Perusahaan         financial performance, thereby providing a stronger
     yang positif, sehingga memberikan landasan yang                    foundation for future business growth.
     semakin solid bagi pertumbuhan usaha ke depan.

     Berdasarkan perkembangan tersebut, Dewan Komisaris                 Based on these developments, the Board of
     memandang bahwa prospek usaha yang disusun                         Commissioners views that the business prospects
     oleh Direksi telah mencerminkan pemahaman yang                     formulated by the Board of Directors have reflected a
     komprehensif terhadap dinamika industri serta arah                 comprehensive understanding of industry dynamics as
     pengembangan bisnis yang tepat. Prospek tersebut                   well as an appropriate strategic direction. These prospects
     menunjukkan potensi pertumbuhan yang kuat, sekaligus               indicate strong growth potential while reaffirming the
     menegaskan komitmen Perusahaan untuk memperkuat                    Company’s commitment to strengthening its position as
     posisinya sebagai operator bandara nasional yang                   a competitive, adaptive, and sustainable national airport
     kompetitif, adaptif, dan berkelanjutan.                            operator.

     Dewan Komisaris menilai bahwa fokus strategi Direksi               The Board of Commissioners assessed that the Board
     pada peningkatan kualitas layanan, efisiensi operasional,          of Directors’ strategic focus on improving service
     serta penguatan pengalaman pengguna jasa merupakan                 quality, operational efficiency, and enhancing user
     langkah yang relevan untuk menjaga kesinambungan                   experience was a relevant approach to maintaining
     kinerja dan meningkatkan daya saing Perusahaan. Untuk              performance sustainability and strengthening the
     itu, Dewan Komisaris terus mendorong penguatan sinergi             Company’s competitiveness. In this regard, the Board of
     dengan Entitas Anak, percepatan transformasi digital,              Commissioners continued to encourage stronger synergy
     serta peningkatan manajemen risiko dan ketahanan                   with Subsidiaries, accelerated digital transformation, and
     organisasi agar Perusahaan mampu merespons dinamika                the enhancement of risk management and organizational
     pasar secara agile.                                                resilience to enable the Company to respond to market
                                                                        dynamics in an agile manner.

     Sejalan dengan hal tersebut, Dewan Komisaris                       In line with the above, the Board of Commissioners
     menyatakan dukungan terhadap arah strategis yang                   expresses its full support for the strategic direction set by
     telah ditetapkan Direksi, dengan tetap menekankan                  the Board of Directors, while emphasizing the importance
     pentingnya fleksibilitas organisasi dalam mengantisipasi           of organizational flexibility in anticipating rapid changes,
     perubahan yang cepat, termasuk yang berkaitan dengan               including those related to the aviation and tourism
     kebijakan ekosistem aviasi dan pariwisata nasional di              ecosystem policies under the coordination of InJourney
     bawah koordinasi InJourney dan pengelolaan Danantara               and the management of Danantara Indonesia.
     Indonesia.




44   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Pandangan Atas Penerapan Tata                                            Overview of the Corporate
Kelola Perusahaan di Tahun 2025                                          Governance Implementation in 2025
Penggabungan PT Angkasa Pura I ke dalam PT Angkasa                       The merger of PT Angkasa Pura I into PT Angkasa Pura
Pura Indonesia (dahulu PT Angkasa Pura II) mendorong                     Indonesia (formerly PT Angkasa Pura II) led to increased
peningkatan kompleksitas operasional serta skala usaha                   operational complexity and business scale. This condition
Perusahaan. Kondisi ini menuntut penguatan tata kelola                   required the strengthening of corporate governance
melalui harmonisasi kebijakan, standarisasi proses, serta                through the harmonization of policies, standardization
integrasi sistem pengendalian internal secara menyeluruh                 of processes, and comprehensive integration of internal
di lingkungan grup, termasuk dengan PT Aviasi Pariwisata                 control systems across the Group, including with the
Indonesia (Persero) beserta entitas anak dan asosiasinya.                parent company, PT Aviasi Pariwisata Indonesia (Persero),
                                                                         as well as its subsidiaries and associated entities.

Sepanjang tahun 2025, Dewan Komisaris menilai                            Throughout 2025, the Board of Commissioners observed
Direksi telah merespons kebutuhan tersebut melalui                       that the Board of Directors had responded to these
penyempurnaan arsitektur tata kelola secara bertahap                     demands through the gradual and structured refinement
dan terstruktur. Upaya tersebut mencakup penyesuaian                     of the governance architecture. These efforts included
kebijakan strategis, penguatan kerangka manajemen                        adjustments to strategic policies, the strengthening of
risiko terintegrasi, serta peningkatan efektivitas fungsi                an integrated risk management framework, and the
pengawasan internal. Secara umum, Direksi dinilai telah                  enhancement of the effectiveness of internal oversight
menerapkan prinsip-prinsip GCG secara konsisten dan                      functions. Overall, the Board of Directors was considered
selaras dengan peraturan perundang-undangan serta                        to have consistently implemented GCG principles in
ketentuan Pemegang Saham.                                                alignment with prevailing laws and regulations, as well as
                                                                         the directives of the Shareholders.

Dari aspek transparansi, Direksi telah menjaga                           In terms of transparency, the Board of Directors
keterbukaan informasi melalui penyampaian laporan                        maintained information disclosure by delivering
kinerja operasional dan keuangan secara berkala, tepat                   operational and financial performance reports periodically,
waktu, dan memadai. Hal ini mendukung efektivitas                        in a timely and adequate manner. This supported the
fungsi pengawasan Dewan Komisaris serta kualitas                         effectiveness of the Board of Commissioners’ oversight
pengambilan     keputusan.   Dari   sisi akuntabilitas,                  function as well as the quality of decision-making. From
pembagian tugas dan tanggung jawab Direksi telah                         an accountability perspective, the division of duties and
berjalan jelas dan profesional, didukung oleh sistem                     responsibilities among members of the Board of Directors
pengendalian internal dan pelaporan manajemen yang                       had been clearly defined and professionally executed,
efektif.                                                                 supported by effective internal control and management
                                                                         reporting systems.

Penguatan juga terlihat pada penerapan manajemen                         Further strengthening was also evident in the
risiko, di mana Direksi secara konsisten mengembangkan                   implementation of risk management, where the Board
pendekatan terintegrasi untuk mengantisipasi risiko                      of Directors consistently developed an integrated
operasional, keuangan, regulasi, serta dinamika industri                 approach to anticipate operational, financial, regulatory,
penerbangan. Sejalan dengan hal tersebut, Dewan                          and aviation industry risks. In line with this, the Board
Komisaris menilai tingkat kepatuhan terhadap regulasi,                   of Commissioners assessed that compliance with
ketentuan Pemegang Saham, dan kebijakan internal                         regulations, Shareholder directives, and internal policies
telah terjaga dengan baik, yang tercermin dari tidak                     had been well maintained, as reflected in the absence
adanya pelanggaran material yang berdampak signifikan                    of any material violations that could have significantly
terhadap kelangsungan usaha Perusahaan selama tahun                      impacted the Company’s business continuity during the
buku 2025.                                                               2025 financial year.

Dalam pelaporan tahun 2025, penilaian penerapan                          In the 2025 reporting year, the evaluation of Good
Good Corporate Governance (GCG) mengacu pada hasil                       Corporate Governance (GCG) implementation refers to
penilaian periode tahun buku 2024 yang dipublikasikan                    the assessment results for the 2024 financial year, which
pada tahun 2025. Penilaian yang dilaksanakan oleh                        were published in 2025. The assessment conducted by
BPKP tersebut menghasilkan skor sebesar 84,78 dengan                     BPKP resulted in a score of 84.78, placing the Company in
kategori “Baik”, sebagaimana tercantum dalam Laporan                     the “Good” category, as stated in the Assessment Report
Hasil Penilaian melalui surat Direktur Kepala BPKP No.                   through the letter of the Head of BPKP No. PE.05.03/SP-
PE.05.03/SP-434/D4/02/2025 tanggal 26 Mei 2025.                          434/D4/02/2025 dated May 26, 2025.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report    45
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       Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




     Dalam memperkuat integritas organisasi, Perusahaan               In strengthening organizational integrity, the Company
     terus mengoptimalkan implementasi Sistem Pelaporan               continued to optimize the implementation of the
     Pelanggaran (Whistleblowing System/WBS), yang                    Whistleblowing System (WBS), supported by the
     didukung oleh penerapan kode etik dan kebijakan anti-            enforcement of the code of ethics and anti-fraud
     fraud. Direksi juga secara aktif mendorong peningkatan           policies. The Board of Directors also actively promoted
     kesadaran dan budaya pelaporan melalui sosialisasi               awareness and a reporting culture through continuous
     dan edukasi internal yang berkelanjutan. Mekanisme               internal socialization and education initiatives. This
     ini berperan sebagai sarana deteksi dini atas potensi            mechanism functioned as an early detection tool for
     pelanggaran sekaligus instrumen mitigasi risiko, dengan          potential violations as well as a risk mitigation instrument,
     memastikan setiap laporan ditindaklanjuti secara objektif        ensuring that all reports were followed up objectively and
     dan profesional.                                                 professionally.

     Pengelolaan dan tindak lanjut laporan WBS dipantau               The management and follow-up of WBS reports
     melalui laporan kinerja Internal Audit yang disampaikan          were monitored through Internal Audit performance
     secara triwulanan kepada Dewan Komisaris melalui                 reports submitted on a quarterly basis to the Board of
     Komite Audit. Melalui mekanisme ini, Dewan Komisaris             Commissioners through the Audit Committee. Through
     menjalankan fungsi pengawasan secara berkelanjutan               this mechanism, the Board of Commissioners carried out
     serta memastikan akuntabilitas pengelolaan risiko dan            its oversight function on an ongoing basis and ensured
     kepatuhan Perusahaan.                                            accountability in the Company’s risk management and
                                                                      compliance practices.

     Selain itu, Dewan Komisaris mencermati bahwa Direksi             In addition, the Board of Commissioners observed that
     telah mulai mengintegrasikan aspek ESG dalam proses              the Board of Directors had begun integrating ESG aspects
     pengambilan keputusan dan strategi bisnis, termasuk              into decision-making processes and business strategies,
     dalam pengelolaan dampak lingkungan, keselamatan                 including in the management of environmental impacts,
     operasional, serta pelaksanaan tanggung jawab sosial             operational safety, and the implementation of corporate
     Perusahaan. Integrasi ini menjadi landasan penting               social responsibility. This integration served as an
     dalam mendukung keberlanjutan usaha jangka panjang.              important foundation in supporting long-term business
                                                                      sustainability.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Berdasarkan hasil pengawasan dan evaluasi sepanjang                      Based on the results of oversight and evaluation
tahun buku 2025, Dewan Komisaris menyimpulkan bahwa                      conducted throughout the 2025 financial year, the Board
penerapan tata kelola oleh Direksi berada dalam kategori                 of Commissioners concluded that the implementation of
baik dan efektif, serta mampu mendukung stabilitas                       governance by the Board of Directors was in a good and
dan keberlanjutan usaha Perusahaan. Ke depan, Dewan                      effective category and had supported the stability and
Komisaris mendorong Direksi untuk terus meningkatkan                     sustainability of the Company’s business. Going forward,
kualitas pengendalian internal dan manajemen risiko                      the Board of Commissioners encouraged the Board of
berbasis teknologi, serta memperkuat budaya kepatuhan                    Directors to continue enhancing the quality of internal
dan integritas di seluruh lini organisasi.                               control and technology-based risk management, as well
                                                                         as strengthening the culture of compliance and integrity
                                                                         across all levels of the organization.



Perubahan Komposisi Dewan                                                Changes to the BOC Composition
Komisaris
Sepanjang tahun 2025, terdapat dinamika dalam                            Throughout 2025, there were changes to the composition
komposisi Dewan Komisaris PT Angkasa Pura                                of the Board of Commissioners of PT Angkasa Pura
Indonesia sebagai bagian dari proses penguatan tata                      Indonesia as part of the process of strengthening
kelola dan penyelarasan arah strategis Perusahaan.                       governance and aligning the Company’s strategic
Perubahan tersebut ditetapkan berdasarkan keputusan                      direction. These changes were made based on Shareholder
Pemegang Saham melalui Surat Keputusan No. SK-129/                       Decisions through Decrees No. SK-129/MBU/05/2025
MBU/05/2025 dan KEP.DU.02/08.03.01/16/05/2025 tentang                    and KEP.DU.02/08.03.01/16/05/2025 concerning the
Pemberhentian dan Pengangkatan Anggota Dewan                             dismissal and appointment of members of the Board of
Komisaris PT Angkasa Pura Indonesia.                                     Commissioners of PT Angkasa Pura Indonesia.

Komposisi Dewan Komisaris per 01 Januari 2025 –                          Composition of the Board of Commissioners as of
15 Mei 2025                                                              January 1, 2025 – May 15, 2025

Pada periode awal tahun 2025, susunan Dewan Komisaris                    In early 2025, the composition of the Board of
masih mengacu pada komposisi yang ditetapkan pada                        Commissioners remained the same as that established in
perubahan terakhir tahun sebelumnya.                                     the previous year’s last amendment.



      Nama                        Jabatan                 Dasar Pengangkatan                            Masa Jabatan
      Name                       Position             Legal Base of Appointment                         Term of Office

Novie Riyanto          Komisaris Utama             SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
Rahardjo               President Commissioner      INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025

Satya Bhakti           Komisaris                   SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
Parikesit              Commissioner                INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025

Cahyo Rahadian         Komisaris                   SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
Muzhar                 Commissioner                INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025

Erwan Agus             Komisaris                   SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 5 September 2029
Putranto               Commissioner                INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – September 5, 2029

Irfan Wahid            Komisaris                   SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
                       Commissioner                INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025

Lukman F. Laisa        Komisaris                   SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
                       Commissioner                INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025

Djamaluddin            Komisaris Independen        SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 5 September 2029
                       Independent                 INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – September 5, 2029
                       Commissioner

Achmad                 Komisaris Independen        SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
Syahreza               Independent                 INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025
                       Commissioner

Abdul Muis             Komisaris Independen        SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 5 September 2029
                       Independent                 INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – September 5, 2029
                       Commissioner



                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   47
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       Ikhtisar 2025       Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights     Management Report       About the Company        Management Discussion and Analysis      Corporate Governance




     Komposisi Dewan Komisaris per 16 Mei dan 4 Juli                    Composition of the Board of Commissioners as of
     2025 – 31 Desember 2025                                            May 16 and July 4, 2025 – December 31, 2025

     Berdasarkan ketentuan Pasal 91 Undang-Undang No.                   Based on the provisions of Article 91 of Law No. 40 of 2007
     40 Tahun 2007 tentang Perseroan Terbatas, Pemegang                 concerning Limited Liability Companies, shareholders
     Saham dapat mengambil keputusan yang mengikat di                   may make binding decisions outside of the GMS as long
     luar RUPS sepanjang seluruh Pemegang Saham dengan                  as all shareholders with voting rights approve in writing.
     hak suara menyetujui secara tertulis. Sehubungan                   In this regard, through Decrees No. SK-129/MBU/05/2025
     dengan hal tersebut, melalui Surat Keputusan No. SK-               and No. KEP.DU.02/08.03.01/16/05/2025, changes were
     129/MBU/05/2025 dan No. KEP.DU.02/08.03.01/16/05/2025,             made to the composition of the Board of Commissioners.
     dilakukan perubahan komposisi Dewan Komisaris.

     Selanjutnya, pada tanggal 4 Juli 2025 dilakukan                    Subsequently, on July 4, 2025, further adjustments were
     penyesuaian kembali melalui No. SK-197/MBU/07/2025                 made through No. SK-197/MBU/07/2025 and No. KEP.
     dan    No.   KEP.DU.01/08.03.01/04/07/2025. Dengan                 DU.01/08.03.01/04/07/2025. With these decisions, the
     keputusan tersebut, susunan Dewan Komisaris sejak                  composition of the Board of Commissioners as of May 16,
     tanggal 16 Mei 2025 (dan perubahannya di bulan Juli)               2025, and the changes in July is as follows:
     adalah sebagai berikut:



           Nama                  Jabatan                   Dasar Pengangkatan                              Masa Jabatan
           Name                  Position              Legal Base of Appointment                           Term of Office

     Antoni Arif Priadi   Komisaris Utama           SK-129/MBU/05/2025 dan                 Sejak 16 Mei 2025
                          President Commissioner    KEP.DU.02/08.03.01/16/05/2025          Since May 16, 2025

     Erwan Agus           Komisaris                 SK-203/MBU/09/2024 dan KEP.            Sejak 6 September 2024
     Purwanto             Commissioner              INJ.08.03.01/23/09/2024/A.01041        Since September 6, 2024


     Dita Indah Sari      Komisaris                 SK-129/MBU/05/2025 dan                 Sejak 16 Mei 2025
                          Commissioner              KEP.DU.02/08.03.01/16/05/2025          Since May 16, 2025

     Elly Engelbert       Komisaris                 SK-197/MBU/07/2025 dan                 Sejak 4 Juli 2025
     Lasut                Commissioner              KEP.DU.01/08.03.01/04/07/2025          Since July 4, 2025

     Djamaluddin          Komisaris Independen      SK-203/MBU/09/2024 dan KEP.            Sejak 6 September 2024
                          Independent               INJ.08.03.01/23/09/2024/A.01041        Since September 6, 2024
                          Commissioner

     Imelda Sari          Komisaris Independen      SK-129/MBU/05/2025 dan                 Sejak 16 Mei 2025
                          Independent               KEP.DU.02/08.03.01/16/05/2025          Since May 16, 2025
                          Commissioner

     Eva Yuliana          Komisaris Independen      SK-129/MBU/05/2025 dan                 Sejak 16 Mei 2025
                          Independent               KEP.DU.02/08.03.01/16/05/2025          Since May 16, 2025
                          Commissioner

     Abdul Muis           Komisaris Independen      SK-203/MBU/09/2024 dan KEP.            Sejak 6 September 2024
                          Independent               INJ.08.03.01/23/09/2024/A.01041        Since September 6, 2024
                          Commissioner

     Yunus Nusi           Komisaris Independen      SK-197/MBU/07/2025 dan                 Sejak 4 Juli 2025
                          Independent               KEP.DU.01/08.03.01/04/07/2025          Since July 4, 2025
                          Commissioner

     Ni Luh Enik          Komisaris                 SK-129/MBU/05/2025 dan                 16 Mei 2025 – 4 Juli 2025
     Ermawati             Commissioner              KEP.DU.02/08.03.01/16/05/2025          May 16, 2025 – July 4, 2025



     Apresiasi                                                          Appreciation

     Tahun 2025 menjadi periode penting bagi Perusahaan                 The 2025 was a crucial year for the Company to
     dalam memperkuat fondasi pasca integrasi dan menjaga               strengthen its post-integration foundation and maintain
     kinerja di tengah dinamika industri kebandarudaraan.               performance amidst the dynamics of the airport industry.
     Kemampuan Perusahaan untuk tetap adaptif dan fokus                 The Company’s ability to remain adaptive and focused on



48   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




pada kinerja operasional, tata kelola, serta keberlanjutan                     operational performance, governance, and sustainability
menjadi kunci dalam menghadapi berbagai tantangan.                             was key to facing various challenges. On behalf of the
Atas nama Dewan Komisaris, kami menyampaikan                                   Board of Commissioners, we express our appreciation to
apresiasi kepada Direksi dan seluruh jajaran manajemen                         the Board of Directors and all levels of management for
atas kepemimpinan dan pengelolaan Perusahaan yang                              their solid leadership and management throughout the
solid sepanjang tahun.                                                         year.

Kami juga menyampaikan terima kasih kepada seluruh                             We also express our gratitude to all InJourney Airports
insan InJourney Airports atas dedikasi dan profesionalisme                     employees for their dedication and professionalism in
yang menjaga kualitas layanan bandara, serta kepada                            maintaining the quality of airport services, as well as to our
Pemegang Saham, Pemerintah, mitra usaha, dan seluruh                           Shareholders, the Government, business partners, and all
pemangku kepentingan atas dukungan dan kepercayaan                             stakeholders for their continued support and trust. The
yang terus diberikan. Perusahaan berkomitmen untuk                             Company remains committed to continuously improving
terus meningkatkan kinerja, memperkuat konektivitas                            performance, strengthening national connectivity, and
nasional, dan menciptakan nilai tambah yang                                    creating sustainable added value.
berkelanjutan.



                                                             Jakarta, 30 April 2026
                                                             Jakarta, April 30, 2026

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




                                                              Antoni Arif Priadi
                                                              Komisaris Utama
                                                           President Commissioner




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report       49
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       Ikhtisar 2025           Laporan Manajemen      Tentang Perusahaan    Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
       2025 Highlights         Management Report      About the Company     Management Discussion and Analysis    Corporate Governance




     PROFIL DEWAN KOMISARIS
     PROFILE OF THE BOARD OF COMMISSIONERS




                         Elly Engelbert      Erwan Agus              Abdul Muis                 Imelda Sari          Dita Indah Sari
                              Lasut           Purwanto
                                                                Komisaris Independen       Komisaris Independen          Komisaris
                            Komisaris           Komisaris          Independent                Independent              Commissioner
                          Commissioner        Commissioner         Commissioner               Commissioner




50   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




      Antoni Arif Priadi                         Djamaluddin                       Eva Yuliana                 Yunus Nusi

       Komisaris Utama                      Komisaris Independen               Komisaris Independen        Komisaris Independen
    President Commissioner                     Independent                        Independent                 Independent
                                               Commissioner                       Commissioner                Commissioner




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   51
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       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company         Management Discussion and Analysis         Corporate Governance




                                                                       Antoni Arif Priadi

                                                                       Komisaris Utama
                                                                       President Commissioner




        Kewarganegaraan : Indonesia                      Domisili :     Jakarta                     Usia :    57 tahun
        Citizenship		     Indonesian                     Residence		    Jakarta                     Age		     57 years old


        Dasar Pengangkatan            Salinan Keputusan Bersama Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 dan No. KEP.
                                      DU.02/08.03.01/16/05/2025.
                                      Copy of the Joint Decree of the Minister of State-Owned Enterprises and the President Director
                                      of a State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 and
                                      No. KEP.DU.02/08.03.01/16/05/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Program Doktor double degree, Universitas Indonesia dan Le Havre University, Prancis (2014).
        Education Background          y Magister Maritime Education and Training, World Maritime University, Swedia (2006).
                                      y Ahli Nautika Tingkat I (ANT-I), Sekolah Tinggi Ilmu Pelayaran, Jakarta (2003).
                                      y Strata B dan MPB-II (Mualim Pelayaran Besar II), PLAP Jakarta (1999).
                                      y Strata A dan MPB-III (Mualim Pelayaran Besar III), BPLP Semarang (1995).
                                      y Pre Sea Training, Marine Technical College, Jepang (1993).

                                      y Doctorate double degree program, University of Indonesia and Le Havre University, France
                                        (2014).
                                      y Master in Maritime Education and Training, World Maritime University, Sweden (2006).
                                      y Master Mariner Class I (ANT-I), STIP Jakarta (2003).
                                      y Strata B and MPB-II (Second Officer Large Vessel), PLAP Jakarta (1999).
                                      y Strata A and MPB-III (Third Officer Large Vessel), BPLP Semarang (1995).
                                      y Pre-Sea Training, Marine Technical College, Japan (1993).

        Riwayat Pekerjaan             y Staf Ahli Menteri Bidang Teknologi dan Energi Kementerian Perhubungan (2026–sekarang).
        Employment History            y Sekretaris Jenderal (Eselon Ia), Sekretariat Jenderal (2025–2026).
                                      y Direktur Jenderal Perhubungan Laut (Eselon Ia), Direktorat Jenderal Perhubungan Laut (2023–
                                        2025).
                                      y Staf Ahli Bidang Kawasan dan Lingkungan (Eselon Ib), Sekretariat Jenderal (2022–2023).
                                      y Sekretaris Badan Pengembangan Sumber Daya Manusia Perhubungan (Eselon IIa), Badan
                                        Pengembangan Sumber Daya Manusia Perhubungan (2021–2022).

                                      y Expert Staff to the Minister for Technology and Energy, Ministry of Transportation (2026–Present)
                                      y Secretary General (Echelon Ia), Secretariat General (2025–2026).
                                      y Director General of Sea Transportation (Echelon Ia), Directorate General of Sea Transportation
                                        (2023–2025).
                                      y Expert Staff for Regional and Environmental Affairs (Echelon Ib), Secretariat General (2022–
                                        2023).
                                      y Secretary of the Human Resources Development Agency for Transportation (Echelon IIa),
                                        Human Resources Development Agency for Transportation (2021–2022).

        Rangkap Jabatan               Staf Ahli Menteri Bidang Teknologi dan Energi Kementerian Perhubungan (2026–sekarang).
        Concurrent Position           Expert Staff to the Minister for Technology and Energy, Ministry of Transportation (2026–Present).

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




52   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 53
Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                                 Erwan Agus Purwanto

                                                                 Komisaris
                                                                 Commissioner




 Kewarganegaraan : Indonesia                       Domisili :      Jakarta                    Usia :   57 tahun
 Citizenship		     Indonesian                      Residence		     Jakarta                    Age		    57 years old


 Dasar Pengangkatan             Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment           Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-203/MBU/09/2024 dan No. KEP.
                                INJ.08.03.01/23/09/2024/A.0141.
                                Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-203/MBU/09/2024 and No.
                                KEP.INJ.08.03.01/23/09/2024/A.0141.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             y Doktor Ilmu Sosial, University of Amsterdam, Belanda (2004).
 Education Background           y Magister Administrasi Publik, Universitas Gadjah Mada (1997).
                                y Sarjana Ilmu Sosial dan Ilmu Politik, Universitas Gadjah Mada (1992).

                                y Doctorate in Social Sciences, University of Amsterdam, Netherlands (2004).
                                y Master in Public Administration, Gadjah Mada University (1997).
                                y Bachelor in Social and Political Sciences, Gadjah Mada University (1992).

 Riwayat Pekerjaan              y Deputi Bidang Reformasi Birokrasi, Akuntabilitas Aparatur, dan Pengawasan (Januari 2025–
 Employment History                Sekarang).
                                y Deputi Bidang Reformasi Birokrasi, Akuntabilitas Aparatur, dan Pengawasan (2021–2024).
                                y Dekan Fakultas Ilmu Sosial dan Ilmu Politik (Fisipol) Universitas Gadjah Mada (2012–2021).
                                y ​Dosen Departemen Manajemen dan Kebijakan Publik (MKP) Universitas Gadjah Mada (2013–
                                   sekarang).
                                y ​Direktur Magister Administrasi Publik (MAP) Universitas Gadjah Mada (2009–2012).

                                y Deputy for Bureaucratic Reform, Apparatus Accountability, and Oversight (January 2025–
                                  Present).
                                y Deputy for Bureaucratic Reform, Apparatus Accountability, and Oversight (2021–2024).
                                y Dean of the Faculty of Social and Political Sciences (FISIPOL), Gadjah Mada University (2012–
                                  2021).
                                y Lecturer at the Department of Public Policy and Management (MKP), University (2013-present).
                                y Director of the Master of Public Administration (MAP), Gadjah Mada University (2009–2012).

 Rangkap Jabatan                Deputi Bidang Reformasi Birokrasi, Akuntabilitas Aparatur, dan Pengawasan (Januari 2025–
 Concurrent Position            Sekarang).
                                Deputy for Bureaucratic Reform, Apparatus Accountability, and Oversight (January 2025–Present).

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   53
Page 54
       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company        Management Discussion and Analysis         Corporate Governance




                                                                      Djamaluddin

                                                                      Komisaris Independen
                                                                      Independent Commissioner




        Kewarganegaraan : Indonesia                     Domisili :     Jakarta                     Usia :    62 tahun
        Citizenship		     Indonesian                    Residence		    Jakarta                     Age		     62 years old


        Dasar Pengangkatan            Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-203/MBU/09/2024 dan No. KEP.
                                      INJ.08.03.01/23/09/2024/A.0141.
                                      Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                      State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-203/MBU/09/2024 and No.
                                      KEP.INJ.08.03.01/23/09/2024/A.0141.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Akademi Angkatan Udara (AAU) (1988).
        Education Background          y Air Force Academy (AAU) (1988).

        Riwayat Pekerjaan             y Asisten Logistik KASAU (2020–2021).
        Employment History            y Kepala Dinas Administrasi Personel TNI AU (2018–2019).
                                      y Komandan Lanud Padang (2004–2007) dan Lanud Sulaiman (2014–2015).

                                      y Assistant for Logistics to the Chief of Staff of the Air Force (2020–2021).
                                      y Head of Personnel Administration Service, Indonesian Air Force (2018–2019).
                                      y Commander of Padang Air Force Base (2004–2007) and Sulaiman Air Force Base (2014–2015).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




54   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 55
Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




                                                                   Dita Indah Sari

                                                                   Komisaris
                                                                   Commissioner




 Kewarganegaraan : Indonesia                        Domisili :      Jakarta                    Usia :   52 tahun
 Citizenship		     Indonesian                       Residence		     Jakarta                    Age		    52 years old


 Dasar Pengangkatan             Salinan Keputusan Bersama Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment           Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 dan No. KEP.
                                DU.02/08.03.01/16/05/2025.
                                Copy of the Joint Decree of the Minister of State-Owned Enterprises and the President Director
                                of a State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 and
                                No. KEP.DU.02/08.03.01/16/05/2025.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             Sarjana Hukum Universitas Indonesia (1991).
 Education Background           Bachelor in Law, University of Indonesia (1991).

 Riwayat Pekerjaan              y Special Advisor dari Menko Pemberdayaan Masyarakat (2025-2026).
 Employment History             y Staf Khusus Menteri Ketenagakerjaan (2019–2024).
                                y Staf Khusus Menteri Ketenagakerjaan (2014–2018).

                                y Special Advisor to the Coordinating Minister for Community Empowerment (2025-2026).
                                y Special Staff to the Minister of Manpower (2019–2024).
                                y Special Staff to the Minister of Manpower (2014–2018).

 Rangkap Jabatan                Special Advisor dari Menko Pemberdayaan Masyarakat (2025-2026).
 Concurrent Position            Special Advisor to the Coordinating Minister for Community Empowerment (2025-2026).

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                She has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   55
Page 56
       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan      Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company       Management Discussion and Analysis         Corporate Governance




                                                                       Imelda Sari

                                                                       Komisaris Independen
                                                                       Independent Commissioner




        Kewarganegaraan : Indonesia                      Domisili :    Bogor                      Usia :    58 tahun
        Citizenship		     Indonesian                     Residence		   Bogor                      Age		     58 years old


        Dasar Pengangkatan            Salinan Keputusan Bersama Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 dan No. KEP.
                                      DU.02/08.03.01/16/05/2025.
                                      Copy of the Joint Decree of the Minister of State-Owned Enterprises and the President Director
                                      of a State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 and
                                      No. KEP.DU.02/08.03.01/16/05/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Magister Kajian Asia Timur, Universitas Indonesia (2026).
        Education Background          y Sarjana Sastra, Universitas Andalas (1994).
                                      y Advance Security Operation ASC15-1, Asia-Pacific Center for Security Studies (APCSS) Hawaii,
                                        Amerika Serikat (2015).
                                      y Strategic Political Communication (SPC), IAF, Jerman (2013).

                                      y Master in East Asian Studies from University of Indonesia (2026).
                                      y Bachelor in Literature from Andalas University (1994).
                                      y Advance Security Operation ASC15-1 from Asia-Pacific Center for Security Studies (APCSS)
                                        Hawaii, United States (2015).
                                      y Strategic Political Communication (SPC) from IAF, Germany (2013).

        Riwayat Pekerjaan             y Komisaris Independen PT Angkasa Pura Indonesia (Mei 2025 – Sekarang).
        Employment History            y Ketua Divisi Komunikasi Publik DPP Partai Demokrat (2015–2020).
                                      y Asisten Staf Khusus Presiden Bidang Komunikasi Politik Kepresidenan (2009–2014).
                                      y Presiden dan Pendiri National Press Club of Indonesia (2008–2015).
                                      y Wartawan Senior Liputan 6 SCTV (2000–2008).
                                      y Wartawan Senior Majalah Tajuk (1998–2000).
                                      y Wartawan Senior Majalah TIRAS (1995–1998).

                                      y Independent Commissioner of PT Angkasa Pura Indonesia (May 2025 – Present).
                                      y Head of Public Communication Division, Central Executive Board of Partai Demokrat (2015–2020).
                                      y Assistant to the Presidential Special Staff for Political Communication (2009–2014).
                                      y President and Founder of National Press Club of Indonesia (2008–2015).
                                      y Senior Journalist, Liputan 6 SCTV (2000–2008).
                                      y Senior Journalist, Majalah Tajuk (1998–2000).
                                      y Senior Journalist, Majalah TIRAS (1995–1998).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      She has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




56   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                                  Eva Yuliana

                                                                  Komisaris Independen
                                                                  Independent Commissioner




 Kewarganegaraan : Indonesia                       Domisili :      Jakarta                    Usia :   52 tahun
 Citizenship		     Indonesian                      Residence		     Jakarta                    Age		    52 years old


 Dasar Pengangkatan             Salinan Keputusan Bersama Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment           Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 dan No. KEP.
                                DU.02/08.03.01/16/05/2025.
                                Copy of the Joint Decree of the Minister of State-Owned Enterprises and the President Director
                                of a State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-129/MBU/05/2025 and
                                No. KEP.DU.02/08.03.01/16/05/2025.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             y Doktor Ilmu Hukum Universitas Sebelas Maret (2024).
 Education Background           y Corporate Communication London School of Public Relations (2011).
                                y Magister Ilmu Politik Universitas Nasional (2010).
                                y Sarjana Bimbingan Penyuluhan Masyarakat IAIN Walisongo (1995).

                                y Doctor of Law from Sebelas Maret University (2024).
                                y Corporate Communication from London School of Public Relations (2011).
                                y Master of Political Science from National University (2010).
                                y Bachelor of Community Guidance and Counseling from IAIN Walisongo (1995)

 Riwayat Pekerjaan              y Anggota DPR RI Komisi III (2019–2024).
 Employment History             y Staf Khusus Menteri Perdagangan (2016–2019).
                                y Anggota DPRD Provinsi Jawa Tengah (1999–2004).

                                y Member of the House of Representatives of the Republic of Indonesia (DPR RI) Commission III
                                  (2019–2024).
                                y Special Staff to the Minister of Trade (2016–2019).
                                y Member of Central Java Provincial Regional House of Representatives (1999–2004).

 Rangkap Jabatan                Tidak ada..
 Concurrent Position            None.

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                She has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   57
Page 58
       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan         Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company          Management Discussion and Analysis         Corporate Governance




                                                                       Elly Engelbert Lasut

                                                                       Komisaris
                                                                       Commissioner




        Kewarganegaraan : Indonesia                      Domisili :     Jakarta                      Usia :    57 tahun
        Citizenship		     Indonesian                     Residence		    Jakarta                      Age		     57 years old


        Dasar Pengangkatan            Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-197/MBU/07/2025 dan No. KEP.
                                      DU.01/08.03.01/04/07/2025.
                                      Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                      State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-197/MBU/07/2025 and No.
                                      KEP.DU.01/08.03.01/04/07/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Institut Keguruan Alkitab dan Theologia (IKAT), Jakarta.
        Education Background          y Magister Ekonomi Pembangunan, Pascasarjana Universitas Sam Ratulangi, Manado (2008).
                                      y Fakultas Kedokteran, Universitas Sam Ratulangi, Manado (1995).

                                      y Institute of Biblical Education and Theology (IKAT), Jakarta.
                                      y Master in Development Economics, Graduate School of Sam Ratulangi University, Manado (2008).
                                      y Faculty of Medicine, Sam Ratulangi University, Manado (1995).

        Riwayat Pekerjaan             y Kabupaten Kepulauan Talaud — Bupati (2020–2024).
        Employment History            y Kabupaten Kepulauan Talaud — Bupati (2004–2011).
                                      y DPRD Kabupaten Kepulauan Talaud — Ketua DPRD (2003–2004).
                                      y Rumah Sakit Prof. Dr. R.D. Kandou — Program Beasiswa Pendidikan Spesialis Penyakit (2000–2003).
                                      y Puskesmas Kecamatan Rainis, Kabupaten Kepulauan Talaud — Kepala Puskesmas (1996–1999).

                                      y Talaud Islands Regency — Regent (2020–2024).
                                      y Talaud Islands Regency — Regent (2004–2011).
                                      y Regional House of Representatives of Talaud Islands Regency — Chairperson (2003–2004).
                                      y Prof. Dr. R.D. Kandou Hospital — Specialist Medical Education Scholarship Program (2000–2003).
                                      y Rainis District Community Health Center, Talaud Islands Regency — Head of Community
                                        Health Center (1996–1999).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                                  Abdul Muis

                                                                  Komisaris Independen
                                                                  Independent Commissioner




 Kewarganegaraan : Indonesia                       Domisili :      Jakarta                    Usia :   66 tahun
 Citizenship		     Indonesian                      Residence		     Jakarta                    Age		    66 years old


 Dasar Pengangkatan             Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment           Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-203/MBU/09/2024 dan No. KEP.
                                INJ.08.03.01/23/09/2024/A.0141.
                                Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-203/MBU/09/2024 and No.
                                KEP.INJ.08.03.01/23/09/2024/A.0141.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             Akademi Angkatan Udara (AAU) (1985).
 Education Background           Air Force Academy (AAU) (1985).

 Riwayat Pekerjaan              y Komisaris Independen PT Angkasa Pura II (2020–2024).
 Employment History             y Dirjen Renhan Kemhan RI: Direktur Jenderal Perencanaan Pertahanan di Kementerian
                                  Pertahanan RI (2017).
                                y Panglima Komando Pertahanan Udara Nasional (2015–2017).
                                y Gubernur Akademi Angkatan Udara (AAU) (2015)..

                                y Independent Commissioner of PT Angkasa Pura II (2020–2024).
                                y Director General of Defense Planning, Ministry of Defense of the Republic of Indonesia (2017).
                                y Commander of the National Air Defense Command (2015–2017).
                                y Governor of the Air Force Academy (AAU) (2015).

 Rangkap Jabatan                Tidak ada.
 Concurrent Position            None.

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   59
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       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company         Management Discussion and Analysis         Corporate Governance




                                                                       Yunus Nusi

                                                                       Komisaris Independen
                                                                       Independent Commissioner




        Kewarganegaraan : Indonesia                      Domisili :     Jakarta                     Usia :    56 tahun
        Citizenship		     Indonesian                     Residence		    Jakarta                     Age		     56 years old


        Dasar Pengangkatan            Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-197/MBU/07/2025 dan No. KEP.
                                      DU.01/08.03.01/04/07/2025.
                                      Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                      State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-197/MBU/07/2025 and No.
                                      KEP.DU.01/08.03.01/04/07/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            Universitas Widyagama Samarinda, Samarinda, Kalimantan Timur (1999).
        Education Background          Widyagama University Samarinda, Samarinda, East Kalimantan (1999).

        Riwayat Pekerjaan             y Manajer Timnas Indonesia U-22 (2024–2025).
        Employment History            y Sekretaris Jenderal PSSI (2021–Sekarang).
                                      y Pelaksana Tugas (Plt.) Sekjen PSSI (2020–2021).
                                      y Anggota Komite Eksekutif (Exco) PSSI (2016–2020).
                                      y Ketua Asprov PSSI Kalimantan Timur (2013–2021).
                                      y Direktur Bisnis Persisam Putra Samarinda (2009–2014).

                                      y Manager of the Indonesia U-22 National Team (2024–2025).
                                      y Secretary General of PSSI (2021–Present).
                                      y Acting Secretary General of PSSI (2020–2021).
                                      y Executive Committee (Exco) Member of PSSI (2016–2020).
                                      y Chairman of the East Kalimantan Provincial Association (Asprov) of PSSI (2013–2021).
                                      y Business Director of Persisam Putra Samarinda (2009–2014).

        Rangkap Jabatan               Sekretaris Jenderal PSSI (2021–Sekarang).
        Concurrent Position           Secretary General of PSSI (2021–Present).

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




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Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   61
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       Ikhtisar 2025        Laporan Manajemen   Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights      Management Report   About the Company        Management Discussion and Analysis   Corporate Governance




     LAPORAN DIREKSI
     REPORT FROM THE BOARD OF DIRECTORS



     Para Pemangku Kepentingan yang Terhormat,                       Dear Esteemed Stakeholders,

     Puji syukur kami panjatkan kepada Tuhan Yang Maha Esa           We express our gratitude to God Almighty for His
     atas berkat dan karunia-Nya, sehingga pada tahun 2025           blessings and grace, which enabled the Company to
     Perusahaan mampu mempertahankan kinerja positif                 maintain positive performance in 2025 amidst the ever-
     di tengah dinamika global dan perekonomian nasional             changing dynamics of the global and national economy.
     yang terus berubah. Atas nama Direksi PT Angkasa                On behalf of the Board of Directors of PT Angkasa Pura
     Pura Indonesia, saya menyampaikan laporan kinerja               Indonesia, I hereby present the Company’s performance
     Perusahaan untuk tahun buku yang berakhir pada 31               report for the financial year ended December 31, 2025.
     Desember 2025.

     Bertema “Melayani Sepenuh Hati Mewujudkan Bandara               Using the theme “Serving Wholeheartedly Delivering
     Kelas Dunia”, Laporan Tahunan 2025 ini merangkum                World-Class Airports,” this 2025 Annual Report
     berbagai upaya dan pencapaian Perusahaan dalam                  summarizes the Company’s various efforts and
     memperkuat fondasi bisnis, khususnya melalui strategi           achievements in strengthening its business foundation,
     transformasi dan penguatan keberlanjutan. Pencapaian            particularly through transformation strategies and
     tersebut mencerminkan dedikasi Perusahaan untuk                 the reinforcement of sustainability initiatives. These
     terus beradaptasi, berinovasi, dan tumbuh secara                achievements reflect the Company’s dedication to
     berkelanjutan, sekaligus menghadirkan nilai tambah bagi         continuous adaptation, innovation, and sustainable
     pemegang saham dan manfaat nyata bagi masyarakat                growth, while at the same time delivering added value
     serta lingkungan sekitar.                                       to shareholders and tangible benefits to the community
                                                                     and the surrounding environment




                         Sejak 9 September 2024, Perusahaan resmi beroperasi dengan
                         nama InJourney Airports dan kini mengelola 37 bandara di
                         seluruh Indonesia. Dengan skala tersebut, Perusahaan menjadi
                         salah satu operator bandar udara terbesar di dunia sekaligus
                         pengelola jaringan bandara terbesar di Asia Tenggara, dengan
                         total pergerakan penumpang mencapai 154 juta orang pada
                         tahun 2025.

                         Since September 9, 2024, the Company officially operated under the
                         name InJourney Airports and managed 37 airports throughout Indonesia.
                         This scale positioned the Company as one of the largest airport operators
                         in the world and the largest airport network manager in Southeast Asia,
                         with total passenger movements reaching 154 million in 2025.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




          Mohammad Rizal Pahlevi
          Direktur Utama
          President Director




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   63
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        Ikhtisar 2025       Laporan Manajemen        Tentang Perusahaan        Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights     Management Report        About the Company         Management Discussion and Analysis    Corporate Governance




     Strategi dan Kebijakan InJourney                                     InJourney Airports’ Strategy and
     Airports di Tahun 2025                                               Policy in 2025
     Memasuki tahun 2025, industri kebandarudaraan nasional               Entering 2025, the national airport industry continued its
     melanjutkan fase konsolidasi pasca penggabungan PT                   consolidation phase following the merger of PT Angkasa
     Angkasa Pura I dan PT Angkasa Pura II menjadi PT Angkasa             Pura I and PT Angkasa Pura II into PT Angkasa Pura
     Pura Indonesia yang efektif berlaku pada 9 September                 Indonesia, which became effective on 9 September 2024.
     2024. Sebagai entitas hasil penggabungan tersebut,                   As a result of this merger, the Company operated under
     Perusahaan beroperasi dengan nama InJourney Airports                 the name InJourney Airports and managed 37 airports
     dan mengelola 37 bandara di seluruh Indonesia. Dengan                across Indonesia. With this scale, the Company became
     skala tersebut, Perusahaan menjadi salah satu operator               one of the largest airport operators in the world and the
     bandar udara terbesar di dunia sekaligus pengelola                   largest airport network operator in Southeast Asia, with
     jaringan bandara terbesar di Asia Tenggara, dengan total             total passenger traffic reaching 154.01 million in 2025.
     pergerakan penumpang mencapai 154,01 juta orang pada
     tahun 2025.

     Sejalan dengan itu, tahun 2025 menjadi momentum                      In line with this development, 2025 marked a period of
     konsolidasi dan akselerasi transformasi, di mana                     consolidation and accelerated transformation, during
     Perusahaan menetapkan strategi yang berorientasi                     which the Company established strategies focused on
     pada penciptaan nilai, keunggulan operasional, dan                   value creation, operational excellence, and customer
     keunggulan pengalaman pelanggan. Arah strategis ini                  experience excellence. These strategic directions were
     diterjemahkan ke dalam kebijakan yang terintegrasi                   translated into integrated policies to ensure sustainable
     untuk memastikan pertumbuhan yang berkelanjutan                      and high-quality growth.
     dan berkualitas.

     Dalam merespons skala dan kompleksitas operasional,                  In response to the increased scale and operational
     Perusahaan memperkuat sistem kebandarudaraan                         complexity, the Company strengthened the national
     nasional melalui konsep regionalisasi berbasis hub                   airport system through a regionalization approach
     and spoke. Bandara-bandara spoke didorong untuk                      based on the hub-and-spoke model. Spoke airports
     berkembang guna memperkuat peran bandara hub                         in smaller cities were encouraged to grow in order to
     sebagai pusat konektivitas utama. Implementasi strategi              reinforce the role of hub airports in major cities as primary
     ini didukung oleh pengembangan rute baru, peningkatan                connectivity centers. The implementation of this strategy
     slot penerbangan, serta kolaborasi dengan maskapai dan               was supported by the development of new routes, the
     pemangku kepentingan pariwisata.                                     increase in flight slots, and close collaboration with airlines
                                                                          and tourism stakeholders.

     Pada aspek kinerja usaha, Perusahaan menerapkan                      From a business performance perspective, the
     kebijakan cost leadership melalui pengelolaan biaya                  Company implemented a cost leadership policy through
     yang disiplin dan bertanggung jawab tanpa mengurangi                 disciplined and responsible cost management without
     kualitas layanan. Di saat yang sama, optimalisasi                    compromising service quality. At the same time, non-
     pendapatan nonaeronautika diperkuat melalui program                  aeronautical revenue optimization was strengthened
     Eat, Shop, Fly, re-zoning area komersial, penyelenggaraan            through initiatives such as the Eat, Shop, Fly program,
     commercial        expo,    penyesuaian     pricing,  serta           commercial area re-zoning, commercial expos, pricing
     pengembangan layanan premium, termasuk premium                       adjustments, and the development of premium services,
     parking.                                                             including premium parking.

     Untuk mendukung aspirasi sebagai operator bandara                    To support its aspiration of becoming a world-class airport
     berkelas dunia, Perusahaan menjalankan transformasi                  operator and a source of national pride, the Company
     secara terstruktur melalui tiga pilar utama, yaitu                   carried out a structured transformation through
     Premises Transformation, People Transformation,                      three main pillars: Premises Transformation, People
     dan Process Transformation. Ketiga pilar ini secara                  Transformation, and Process Transformation. These pillars
     simultan mendorong peningkatan kualitas infrastruktur,               simultaneously drove improvements in infrastructure
     penguatan kapabilitas sumber daya manusia, serta                     quality, strengthened human capital capabilities, and
     pembentukan operasional yang terintegrasi dan                        established integrated and collaborative operations.
     kolaboratif.

     Transformasi tersebut diperkuat melalui peningkatan                  The transformation was further reinforced through
     customer experience, antara lain melalui peningkatan                 enhancements in customer experience, including
     Level of Service (LoS), digitalisasi layanan, dan standarisasi       improvements in Level of Service (LoS), service



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pelayanan di seluruh bandara. Sejalan dengan itu,                        digitalization, and service standardization across all
Perusahaan juga mengarahkan perubahan orientasi                          airports. In line with this, the Company also directed
bisnis dari operational-based menjadi service-based,                     a shift in its business orientation from an operational-
dengan memperkuat pola pikir organisasi yang lebih                       based approach to a service-based approach, supported
produktif dan proaktif.                                                  by strengthening a more productive and proactive
                                                                         organizational mindset.

Sebagai fondasi utama, transformasi digital dijalankan                   As a key foundation, digital transformation was carried
melalui konsep Next-Gen IT dengan empat pilar, yaitu                     out through the Next-Gen IT concept, built on four
customer experience, operation excellence, talent                        pillars: customer experience, operational excellence,
empowerment, dan insight-driven performance. Hingga                      talent empowerment, and insight-driven performance.
akhir 2025, Perusahaan telah mengimplementasikan                         As of the end of 2025, the Company had implemented
14 inisiatif teknologi untuk mendukung keempat pilar                     14 technology initiatives to support these four pillars,
tersebut, sekaligus memperkuat kinerja keuangan                          while also strengthening financial performance through
melalui disiplin biaya, penguatan struktur permodalan,                   cost discipline, capital structure enhancement, and
dan optimalisasi aset secara berkelanjutan.                              continuous asset optimization.

Seluruh upaya tersebut menjadi landasan strategis                        These efforts have established a strategic foundation for
bagi Perusahaan dalam menjawab target peningkatan                        the Company to address the national passenger capacity
kapasitas penumpang nasional hingga 250 juta                             target of up to 250 million passengers by 2029, which will
penumpang pada 2029, yang memerlukan sistem                              require increasingly reliable and integrated operational
operasional dan platform digital yang semakin andal dan                  systems and digital platforms.
terintegrasi.



Peran Direksi Dalam Perumusan                                            BOD Role in Strategy and Policy
Strategi dan Kebijakan                                                   Formulation
Dalam konteks konsolidasi dan transformasi pasca                         In the context of post-merger consolidation and
penggabungan, Direksi memegang peran sentral                             transformation, the Board of Directors played a central
dalam memastikan integrasi organisasi berjalan efektif                   role in ensuring effective organizational integration while
sekaligus merumuskan arah strategis Perusahaan.                          formulating the Company’s strategic direction. Corporate
Strategi korporasi disusun secara terstruktur dengan                     strategy was developed in a structured manner with
mengacu pada Rencana Jangka Panjang Perusahaan                           reference to the Company’s Long-Term Plan (RJPP)
(RJPP) serta diselaraskan dengan kebijakan pemerintah,                   and aligned with government policies, including the
termasuk Rencana Pembangunan Jangka Menengah                             National Medium-Term Development Plan (RPJMN), and
Nasional (RPJMN), dan diterjemahkan ke dalam kebijakan                   translated into measurable operational policies.
operasional yang terukur.

Direksi memastikan bahwa setiap kebijakan strategis                      The Board of Directors ensured that each strategic policy
memiliki indikator kinerja yang jelas dan selaras dengan                 had clearly defined performance indicators aligned with
kerangka balanced scorecard Perusahaan. Pendekatan                       the Company’s balanced scorecard framework. This
ini menegaskan komitmen Direksi dalam menjaga                            approach reflected the Board of Directors’ commitment
disiplin tata kelola sekaligus mengarahkan Perusahaan                    to maintaining governance discipline while steering the
untuk mendukung penguatan konektivitas udara,                            Company to support the strengthening of air connectivity,
pemerataan ekonomi antarwilayah, serta pertumbuhan                       the equitable distribution of economic development
sektor pariwisata.                                                       across regions, and the growth of the tourism sector.

Sepanjang tahun buku 2025, Direksi menetapkan arah                       Throughout the 2025 financial year, the Board of Directors
strategis berbasis aspirasi “World-Class Airport Operator,               established a strategic direction based on the aspiration
Connecting Global Travelers with Distinctive Indonesian                  of becoming a “World-Class Airport Operator, Connecting
Hospitality”. Dalam merespons dinamika eksternal,                        Global Travelers with Distinctive Indonesian Hospitality.”
Direksi juga melakukan penyesuaian kebijakan secara                      In responding to external dynamics, the Board of Directors
adaptif, termasuk penerapan diskon PJP2U dan PJP4U                       also implemented adaptive policy adjustments, including
pada periode Lebaran dan Nataru guna mendukung                           the application of discounts on PJP2U and PJP4U during
peningkatan mobilitas masyarakat.                                        the Lebaran and Nataru periods to support increased
                                                                         public mobility.




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       Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
       2025 Highlights     Management Report      About the Company        Management Discussion and Analysis    Corporate Governance




     Secara paralel, Direksi mengawal penguatan struktur               In parallel, the Board of Directors oversaw the
     keuangan melalui kebijakan efisiensi dan optimalisasi             strengthening of the Company’s financial structure
     aset untuk menjaga kesehatan Perusahaan. Langkah ini              through efficiency policies and asset optimization to
     diiringi dengan percepatan integrasi fungsi operasional,          maintain financial health. These efforts were accompanied
     komersial, dan keuangan pasca penggabungan agar                   by the acceleration of integration across operational,
     selaras dengan roadmap transformasi 2024–2029.                    commercial, and financial functions following the merger,
                                                                       ensuring alignment with the 2024–2029 transformation
                                                                       roadmap.



     Penerapan Strategi dan Kebijakan                                  Implementation of Business Strategy
     Bisnis                                                            and Policy
     Implementasi strategi pasca penggabungan difokuskan               The implementation of post-merger strategies focused
     pada penataan ulang arsitektur teknologi, integrasi               on restructuring the technology architecture, integrating
     proses bisnis, serta harmonisasi data di seluruh                  business processes, and harmonizing data across the
     jaringan 37 bandara yang dikelola. Sebagai entitas                network of 37 airports managed by the Company. As an
     yang kini mengoperasikan jaringan bandara terbesar                entity operating the largest airport network in Southeast
     di Asia Tenggara, Perusahaan menerjemahkan arah                   Asia, the Company translated its strategic direction into 27
     strategisnya ke dalam 27 inisiatif strategis, termasuk 15         strategic initiatives, including 15 transformation initiatives
     inisiatif transformasi yang diimplementasikan melalui             implemented through 48 cross-directorate programs
     48 program lintas direktorat sebagai turunan RJPP dan             derived from the RJPP and RKAP.
     RKAP.

     Transformasi ini tidak hanya mencakup modernisasi                 This transformation extended beyond technological
     teknologi, tetapi juga penguatan sistem aplikasi,                 modernization to include the strengthening of
     infrastruktur jaringan, kapabilitas sumber daya manusia,          application systems, network infrastructure, human
     keamanan informasi, serta tata kelola dan manajemen               capital capabilities, information security, as well as data
     data. Harmonisasi baseline architecture dan konsolidasi           governance and management. The harmonization of
     sistem dilakukan untuk menghilangkan silo antarunit               baseline architecture and system consolidation across the
     dan memastikan seluruh organisasi berjalan dalam                  former entities was carried out to eliminate organizational
     kerangka kerja yang terintegrasi, efisien, dan kolaboratif.       silos and ensure that all units operated within a unified,
     Pada saat yang sama, digitalisasi pengambilan keputusan           efficient, and collaborative framework. At the same time,
     diperkuat melalui pengembangan enterprise system dan              decision-making processes were digitalized through
     platform berbasis data yang memungkinkan monitoring               the enhancement of enterprise systems and data-
     kinerja secara real-time dan lebih akurat.                        driven platforms, enabling more accurate and real-time
                                                                       performance monitoring.

     Untuk mendukung implementasi tersebut, Perusahaan                 To support the implementation, the Company ensured
     memastikan keselarasan antara target korporasi, kinerja           alignment between corporate targets, operational
     operasional, dan realisasi program transformasi melalui           performance, and the realization of transformation
     monitoring dan evaluasi berkala dalam rapat Direksi dan           programs through regular monitoring and evaluation
     forum manajemen. Penguatan KPI yang terintegrasi                  conducted in Board of Directors meetings and
     dengan sistem manajemen kinerja juga diterapkan agar              management forums. Strengthening of KPIs integrated
     setiap direktorat memiliki target yang terukur dan selaras        with the performance management system was also
     dengan sasaran strategis Perusahaan.                              implemented to ensure that each directorate had
                                                                       measurable targets aligned with the Company’s strategic
                                                                       objectives.

     Dalam operasional, seluruh alur perjalanan penumpang              Operationally, the entire passenger journey, from check-in
     dari proses check-in hingga boarding dirancang dalam              to boarding, was designed within an integrated ecosystem
     satu ekosistem terintegrasi guna menghadirkan seamless            to deliver a seamless passenger experience. The Company
     passenger journey. Perusahaan juga mengembangkan                  also developed an airport operations center supported
     airport operations center berbasis real-time analytics            by real-time analytics to enable fast, accurate, and data-
     untuk mendukung pengambilan keputusan yang cepat                  driven decision-making. This integration encompassed
     dan berbasis data. Integrasi ini mencakup layanan                 commercial airport services, tenant management,
     komersial, pengelolaan tenant, ground handling, hingga            ground handling, and infrastructure management.
     manajemen infrastruktur bandara.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Penerapan Enterprise Resource Planning (ERP)                             The implementation of SAP-based Enterprise Resource
berbasis SAP menjadi fondasi standarisasi proses yang                    Planning (ERP) served as the foundation for process
menyatukan fungsi keuangan, logistik, dan pengelolaan                    standardization, integrating finance, logistics, and asset
aset dalam satu platform terpadu. Dengan demikian,                       management functions within a single platform. This
prosedur yang sebelumnya tumpang tindih dapat                            approach streamlined previously overlapping procedures
disederhanakan, sekaligus memperkuat disiplin proses                     and reinforced process discipline consistently across
di seluruh entitas bandara. Upaya ini juga didukung oleh                 all airport entities. These efforts were further supported
implementasi kebijakan cost leadership untuk menjaga                     by the implementation of a Cost Leadership policy to
efisiensi dan pengendalian biaya secara berkelanjutan.                   maintain efficiency and cost discipline on a sustainable
                                                                         basis.

Salah satu inisiatif utama adalah Management Operation                   One of the key initiatives was the Management Operation
Based on Traffic (MOT) di Bandara Internasional                          Based on Traffic (MOT) at Soekarno-Hatta International
Soekarno-Hatta. Sistem ini mengintegrasikan data lalu                    Airport. This system leveraged comprehensive traffic
lintas secara komprehensif, mencakup pergerakan                          data, including vehicle flows, aircraft movements, and
kendaraan, pesawat, penumpang, dan barang, serta                         passenger and cargo mobility. It was equipped with
dilengkapi dengan fitur real-time monitoring, predictive                 real-time monitoring features, predictive capabilities,
capability, koordinasi lintas unit, dan adaptive response                seamless cross-unit coordination, and adaptive response
guna mengoptimalkan operasional bandara secara                           mechanisms to optimize airport operations in an
menyeluruh.                                                              integrated manner.

Untuk     memastikan      keberlanjutan    transformasi,                 To ensure the sustainability of the transformation, the
Perusahaan juga memperkuat budaya customer-centric                       Company also strengthened a customer-centric culture
dan merit-based performance sebagai landasan perilaku                    and merit-based performance as the foundation of
organisasi. Seluruh inisiatif tersebut pada akhirnya                     organizational behavior. Collectively, these initiatives
mendukung pengembangan konsep super ecosystem                            supported the development of a super ecosystem that
yang mengintegrasikan bandara dengan sektor                              integrated airports with tourism destinations, hospitality,
pariwisata, perhotelan, ritel, dan layanan pendukung                     retail, and other supporting services as part of a broader
lainnya dalam satu rantai nilai yang terhubung dengan                    value chain contributing to the national economy.
perekonomian nasional.



Evaluasi Komparatif Atas Target dan                                      Comparative Evaluation of Targets
Hasil                                                                    and Results
Perusahaan secara konsisten menetapkan target yang                       The Company consistently sets measurable and
terukur dan realistis untuk mendukung keberlanjutan                      realistic targets to support sustainable financial and
kinerja keuangan dan operasional. Pada tahun 2025,                       operational performance. In 2025, this strategy focused
strategi ini difokuskan pada penguatan struktur keuangan,                on strengthening the financial structure, achieving stable
pertumbuhan pendapatan yang stabil, serta peningkatan                    revenue growth, and increasing operational effectiveness,
efektivitas operasional, sejalan dengan dinamika industri                in line with evolving industry dynamics and national
dan kondisi nasional yang terus berkembang.                              conditions.

Dari sisi keuangan, aset Perusahaan pada tahun 2025                      Financially, the Company’s assets in 2025 reached Rp90.57
mencapai Rp90,57 triliun, meningkat sebesar 5,11%                        trillion, an increase of 5.11% compared to Rp86.17 trillion
dibandingkan realisasi tahun 2024 yang sebesar Rp86,17                   in 2024. This asset growth was paired with a decrease in
triliun. Pertumbuhan aset ini diiringi dengan penurunan                  the Company’s liabilities, which reached Rp53.33 trillion,
liabilitas Perusahaan yang tercatat sebesar Rp53,33 triliun,             a decrease of 4.68% compared to Rp55.95 trillion in 2024.
turun 4,68% dibandingkan tahun 2024 sebesar Rp55,95
triliun.

Seiring dengan hal tersebut, ekuitas Perusahaan tercatat                 Consistently, the Company’s equity reached Rp37.24
sebesar Rp37,24 triliun, tumbuh 23,23% dibandingkan                      trillion, a 23.23% increase compared to Rp30.22 trillion in
tahun 2024 yang mencapai Rp30,22 triliun. Peningkatan                    2024. This increase was driven by land inbrenc transactions
ini didorong oleh transaksi inbreng lahan ke PT Garuda                   to PT Garuda Maintenance Facility Aero Asia Tbk (GMF) as
Maintenance Facility Aero Asia Tbk (GMF) serta peningkatan               well as an increase in net profit for the current year, which
laba bersih tahun berjalan, yang secara keseluruhan                      overall strengthened the Company’s capital structure.
memperkuat struktur permodalan Perusahaan.




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       Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




     Kinerja keuangan Perusahaan turut didukung oleh                   The Company’s financial performance was also supported
     pertumbuhan pendapatan yang berkelanjutan. Pada                   by sustainable revenue growth. In 2025, business income
     tahun 2025, pendapatan usaha mencapai Rp21,21 triliun,            reached Rp21.21 trillion, an increase of 3.53% compared
     meningkat 3,53% dibandingkan tahun 2024 sebesar                   to Rp20.49 trillion in 2024, and exceeded the initial target
     Rp20,49 triliun, sekaligus melampaui target awal tahun            of Rp21.45 trillion. This increase was primarily driven by
     sebesar Rp21,45 triliun. Kenaikan ini terutama didorong           growth in Passenger Service Charges (PJP4U), in line with
     oleh pertumbuhan pada pos Pelayanan Jasa Penumpang                the recovery in passenger traffic intensity and the global
     Pesawat Udara (PJP4U), seiring dengan pemulihan                   aviation industry.
     intensitas pergerakan penumpang dan industri
     penerbangan global.

     Sejalan dengan pertumbuhan pendapatan, Perusahaan                 In line with revenue growth, the Company also recorded
     juga mencatat profitabilitas yang solid. Laba bersih tahun        solid profitability. Net profit in 2025 was recorded at
     2025 tercatat sebesar Rp7,86 triliun, meningkat 886,73%           Rp7.86 trillion, an increase of 886.73% compared to net
     dibandingkan laba bersih tahun 2024 sebesar Rp0,80                profit in 2024 of Rp0.80 trillion. Meanwhile, financial ratio
     triliun. Sementara itu, pengelolaan rasio keuangan yang           management remained healthy, with a current ratio of
     tetap sehat, dengan rasio lancar sebesar 0,67x, rasio             0.67x, a debt-to-asset ratio of 0.59x, a debt-to-equity ratio
     utang terhadap aset 0,59x, rasio utang terhadap ekuitas           of 1.43x, and return-on-asset and return-on-equity ratios
     1,43x, serta rasio laba terhadap aset dan ekuitas masing-         of 0.09x and 0.21x, respectively.
     masing sebesar 0,09x dan 0,21x.

     Pada tahun 2025, seluruh bandara yang dikelola                    In 2025, all airports managed by the Company served
     Perusahaan melayani 1.160.412 pergerakan pesawat, 154,01          1,160,412 aircraft movements, 154.01 million passenger
     juta pergerakan penumpang, dan 1.494.519 ton kargo                movements, and 1,494,519 tons of cargo traffic at the
     di bandara-bandara yang dikelola Perusahaan. Capaian              airports managed by the Company. This achievement
     tersebut mencerminkan kesinambungan pertumbuhan                   reflected continued traffic growth in line with increasing
     trafik seiring dengan meningkatnya mobilitas masyarakat           public mobility and strengthening domestic and
     dan penguatan konektivitas udara domestik maupun                  international air connectivity throughout the year.
     internasional sepanjang tahun berjalan.

     Dari sisi pendapatan, segmen jasa aeronautika                     In terms of revenue composition, the aeronautical services
     mencatatkan pendapatan sebesar Rp13,41 triliun,                   segment recorded revenue of Rp13.41 trillion, while the
     sementara    segmen        nonaeronautika     terealisasi         non-aeronautical segment generated Rp7.80 trillion. The
     sebesar Rp7,80 triliun. Kinerja kedua segmen tersebut             performance of these two segments demonstrated a
     menunjukkan kontribusi yang semakin seimbang                      more balanced contribution in supporting the Company’s
     dalam menopang struktur pendapatan Perusahaan,                    revenue structure, while also reflecting the effectiveness
     sekaligus mencerminkan efektivitas strategi optimalisasi          of its traffic-based revenue optimization strategy and
     pendapatan berbasis trafik dan pengembangan                       the development of a commercial ecosystem within the
     ekosistem komersial di kawasan bandara.                           airport area.



     Peluang dan Tantangan Usaha di                                    Business Opportunities and
     Tahun 2025                                                        Challenges in 2025
     Tahun 2025 ditandai dengan optimisme pertumbuhan                  The year 2025 was marked by optimism in national
     ekonomi nasional serta ekspansi mobilitas udara dan               economic growth, alongside the expansion of air mobility
     sektor pariwisata internasional yang membuka peluang              and the international tourism sector, which created
     peningkatan trafik dan penguatan peran bandara                    opportunities for increased traffic and strengthened
     sebagai penggerak ekonomi wilayah. Namun demikian,                the role of airports as drivers of regional economic
     Perusahaan tetap mencermati dinamika geopolitik                   development. Nevertheless, the Company remained
     global, penyesuaian kebijakan ekonomi di berbagai                 vigilant of global geopolitical dynamics, adjustments in
     negara besar, serta volatilitas perdagangan internasional         economic policies across major economies, and volatility
     yang berpotensi mempengaruhi stabilitas ekonomi                   in international trade, all of which had the potential to
     regional, termasuk kawasan ASEAN dan APEC.                        affect regional economic stability, including in the ASEAN
                                                                       and APEC regions.

     Dalam konteks industri, Perusahaan menghadapi                     Within the industry context, the Company faced volatility
     volatilitas trafik domestik dan internasional yang                in both domestic and international traffic, influenced
     dipengaruhi oleh kondisi ekonomi dan pergerakan                   by economic conditions and airline movements. These



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maskapai. Tantangan tersebut semakin kompleks dengan                     challenges became increasingly complex due to
adanya penyesuaian kebijakan pemerintah dan regulator,                   adjustments in government and regulatory policies,
termasuk terkait status bandara internasional, tarif,                    including those related to international airport status,
dan standar pelayanan yang berdampak pada struktur                       tariffs, and service standards, which affected the revenue
pendapatan dan pola operasional. Di sisi lain, tekanan                   structure and operational patterns. At the same time,
terhadap biaya operasional meningkat seiring kebutuhan                   pressure on operating costs increased in line with the need
peningkatan kualitas layanan, pemeliharaan infrastruktur,                to enhance service quality, maintain infrastructure, and
serta implementasi teknologi baru. Kompleksitas                          implement new technologies. The complexity of digital
transformasi digital dan integrasi sistem lintas wilayah,                transformation and cross-regional system integration, as
serta optimalisasi pendapatan nonaeronautika pada                        well as the optimization of non-aeronautical revenues at
bandara dengan karakteristik permintaan yang beragam,                    airports with diverse demand characteristics, also became
turut menjadi perhatian utama.                                           key areas of focus.

Sejalan   dengan     target   peningkatan  kapasitas                     In line with the national target to increase passenger
penumpang nasional hingga 250 juta penumpang pada                        capacity to 250 million passengers by 2029, the Company
tahun 2029, Perusahaan melakukan penyesuaian strategi                    implemented adaptive strategic adjustments. This
secara adaptif. Optimalisasi peluang atas penetapan                      included optimizing opportunities arising from the
bandara sebagai bandara internasional sesuai KM 37                       designation of airports as international airports in
Tahun 2025 dilakukan untuk mendorong konektivitas                        accordance with Ministerial Decree (KM) No. 37 of 2025
dan pertumbuhan trafik. Perusahaan juga menerapkan                       to enhance connectivity and traffic growth. The Company
kebijakan cost leadership guna meningkatkan efisiensi                    also implemented an effective cost leadership policy to
dan menjaga kesehatan keuangan.                                          strengthen efficiency and maintain financial health.

Pada saat yang sama, Perusahaan memperkuat                               At the same time, the Company strengthened the
diversifikasi pendapatan nonaeronautika melalui program                  diversification of non-aeronautical revenues through
Eat, Shop, Fly, re-zoning komersial, penyesuaian tarif                   the Eat, Shop, Fly program, commercial re-zoning,
parkir dan sewa, serta studi Highest and Best Use (HBU).                 adjustments to parking and rental tariffs, as well as Highest
Upaya ini didukung oleh pengembangan rute domestik                       and Best Use (HBU) studies. These efforts were supported
dan internasional, penguatan manajemen risiko dan                        by the development of domestic and international routes,
tata kelola melalui koordinasi intensif dengan regulator                 the strengthening of risk management and governance
dan pemangku kepentingan, serta akselerasi digitalisasi                  through intensive coordination with regulators and
dan penguatan keamanan siber untuk meningkatkan                          stakeholders, as well as the acceleration of digitalization
efisiensi operasional dan keandalan sistem.                              and the enhancement of cybersecurity to improve
                                                                         operational efficiency and system reliability.



Prospek Usaha di Tahun 2026                                              Business Prospects in 2026

Laporan yang dirilis oleh International Air Transport                    The report published by the International Air Transport
Association (IATA) menunjukkan bahwa industri                            Association (IATA) indicated that the global aviation
penerbangan global pada tahun 2025 tetap berada                          industry in 2025 remained on a positive growth trajectory,
dalam tren pertumbuhan positif, meskipun di tengah                       despite ongoing global economic and geopolitical
dinamika ekonomi dan geopolitik global. Pertumbuhan                      dynamics. This growth was reflected in the increase
tersebut tercermin dari peningkatan pendapatan industri                  in global passenger revenue as well as passenger load
penumpang serta tingkat keterisian kursi (passenger                      factors, which remained at historically high levels.
load factor) yang tetap berada pada level tinggi secara
historis.

Kawasan Asia-Pasifik terus menjadi salah satu motor                      The Asia-Pacific region continued to serve as one of the
utama pertumbuhan, didorong oleh pemulihan                               primary engines of growth, supported by the recovery
konektivitas    internasional, peningkatan   frekuensi                   of international connectivity, increased frequencies of
penerbangan jarak menengah dan jauh, serta                               medium- and long-haul flights, and the expansion of
pertumbuhan kelas menengah yang mendorong                                the middle class driving air travel demand. This position
mobilitas udara. Posisi ini memperkuat peran kawasan                     reinforced the region’s significant share in global air
dalam lalu lintas penerbangan global sekaligus dalam                     traffic and its strategic role in international travel and
rantai perjalanan dan perdagangan internasional.                         trade flows.

Secara industri, angkutan penumpang udara sepanjang                      Industry-wise, air passenger transport in 2025 recorded
2025 mencatatkan pertumbuhan pendapatan (dalam                           revenue growth (in RPK) of 5.3% compared to the



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       2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




     RPK) sebesar 5,3% dibandingkan tahun sebelumnya,                  previous year, with capacity increasing by 5.2% and the
     dengan kapasitas meningkat sebesar 5,2% dan faktor                seat load factor reaching approximately 83.6%. Domestic
     keterisian kursi mencapai sekitar 83,6%. Lalu lintas              traffic grew by 2.4%, while air cargo demand increased
     domestik tumbuh sebesar 2,4%, sementara permintaan                by 3.4%, in line with improving global trade activity and
     kargo udara meningkat sebesar 3,4%, seiring dengan                the stabilization of supply chains. This trend was further
     membaiknya aktivitas perdagangan global dan stabilisasi           supported by improved operational cost efficiency,
     rantai pasok. Tren ini turut didukung oleh efisiensi biaya        including relatively more stable jet fuel prices compared
     operasional, termasuk harga bahan bakar jet yang relatif          to previous periods, enabling airlines to maintain
     lebih stabil, sehingga memungkinkan maskapai menjaga              profitability while expanding their route networks.
     profitabilitas dan memperluas jaringan rute.

     Dalam konteks tersebut, prospek usaha PT Angkasa Pura             In this context, the business prospects of PT Angkasa Pura
     Indonesia tetap kuat. Dalam jangka pendek, peluang                Indonesia remained strong. In the short term, growth
     pertumbuhan didukung oleh penetapan sejumlah                      opportunities were supported by the designation of
     bandara sebagai bandara internasional, termasuk melalui           several airports as international airports, including through
     Keputusan Menteri Perhubungan No. KM 37 Tahun 2025,               the Minister of Transportation Decree No. KM 37 of 2025,
     yang berpotensi meningkatkan trafik dan pendapatan.               which had the potential to increase traffic and revenue.
     Peningkatan kualitas layanan juga tercermin dari                  Improvements in service quality were also reflected in the
     capaian Airport Service Quality (ASQ) Score sebesar               achievement of an Airport Service Quality (ASQ) Score of
     5,00 dan Level of Service (LoS) Skala A dengan nilai 147          5.00 and a Level of Service (LoS) Grade A with a score of
     poin, yang memperkuat daya saing bandara. Selain itu,             147 points, further strengthening airport competitiveness.
     penguatan program komersial dan optimalisasi aset turut           In addition, the enhancement of commercial programs
     mendorong peningkatan pendapatan nonaeronautika.                  and asset optimization contributed to the growth of non-
                                                                       aeronautical revenues.

     Ke depan, dalam jangka menengah hingga panjang,                   Looking ahead, in the medium to long term, the Company
     Perusahaan akan melanjutkan transformasi melalui                  will continue its transformation through various strategic
     berbagai     inisiatif   strategis  untuk   memperkuat            initiatives aimed at strengthening its operational and
     fundamental operasional dan komersial. Pengembangan               commercial fundamentals. The development of strategic
     bandara strategis serta penerapan skema kemitraan,                airports and the implementation of partnership schemes,
     termasuk KPBU dan KSO, diarahkan untuk meningkatkan               including KPBU and KSO, will serve as key drivers to
     kapasitas dan menciptakan nilai tambah. Di sisi lain,             expand capacity and create added value. Meanwhile, the
     akselerasi digitalisasi dan penerapan data-driven decision        acceleration of digitalization and the adoption of data-
     making akan menjadi pendorong efisiensi dan inovasi               driven decision-making will become fundamental enablers
     layanan, yang didukung oleh penguatan organisasi dan              for efficiency and service innovation, supported by ongoing
     pengembangan talenta.                                             organizational strengthening and talent development.



     Penerapan Tata Kelola Perusahaan                                  Corporate Governance
                                                                       Implementation
     Sepanjang tahun 2025, Direksi memastikan penerapan                Throughout 2025, the Board of Directors ensured the
     prinsip-prinsip GCG yang meliputi transparansi,                   implementation of GCG principles, encompassing
     akuntabilitas,  responsibilitas,   independensi,    dan           transparency,          accountability,      responsibility,
     kewajaran dalam setiap kebijakan dan keputusan                    independence, and fairness in all policies and strategic
     strategis. Seluruh inisiatif, termasuk strategi cost              decisions. All initiatives, including the cost leadership
     leadership dan transformasi digital, dilaksanakan secara          strategy and digital transformation, were executed
     prudent serta selaras dengan kepentingan pemegang                 prudently and aligned with the interests of shareholders
     saham dan pemangku kepentingan.                                   and stakeholders.

     Penguatan tata kelola difokuskan pada penerapan                   Governance strengthening was focused on the
     manajemen risiko terintegrasi yang diinternalisasikan             implementation of integrated risk management, which
     ke dalam perilaku organisasi (institutionalized risk              was institutionalized into organizational behavior
     management behaviour). Profil risiko disusun dan                  (institutionalized risk management behaviour). The
     diperbarui secara berkala dengan mengacu pada standar             risk profile was prepared and updated periodically in
     internasional, termasuk pengelolaan risiko perubahan              accordance with international standards, including the
     iklim, baik risiko transisi maupun risiko fisik yang              management of climate change risks, both transition and
     berpotensi mempengaruhi operasional di 37 bandara                 physical risks, which may affect operations across the 37
     yang dikelola Perusahaan.                                         airports managed by the Company.



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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Untuk memastikan efektivitas implementasi strategi,                      To ensure the effective execution of its strategies, the
Direksi memperkuat sistem pengendalian internal                          Board of Directors strengthened internal control systems
dan kepatuhan terhadap regulasi, serta melakukan                         and regulatory compliance, while also overseeing
pengawasan melalui mekanisme monitoring dan                              implementation through structured monitoring and
pelaporan berkala. Di sisi operasional, Perusahaan                       periodic reporting mechanisms. From an operational
juga melaksanakan sertifikasi ulang untuk SMK3 dan                       perspective, the Company also completed the re-
memperkuat aspek keselamatan sebagai bagian dari                         certification of SMK3 and reinforced safety aspects as an
praktik tata kelola yang berkelanjutan.                                  integral part of sustainable governance practices.

Sejalan dengan transformasi yang dijalankan, Perusahaan                  In line with its ongoing transformation, the Company
mempercepat digitalisasi melalui harmonisasi arsitektur                  accelerated digitalization through the harmonization of
sistem, konsolidasi data, implementasi ERP berbasis                      system architecture, data consolidation, implementation
SAP, serta penguatan fungsi cyber security dan data                      of SAP-based ERP, and the strengthening of cybersecurity
management. Inisiatif ini meningkatkan transparansi dan                  and data management functions. These initiatives
akurasi pelaporan sekaligus mendukung pengambilan                        enhanced transparency and reporting accuracy while
keputusan berbasis data. Selain itu, penerapan merit-                    supporting data-driven decision-making. In addition, the
based performance system dilakukan untuk memperkuat                      implementation of a merit-based performance system
akuntabilitas dan mendorong kinerja organisasi secara                    reinforced organizational accountability and promoted
berkelanjutan.                                                           sustainable performance.



Perubahan Komposisi Direksi                                              Changes to the Board of Directors

Sepanjang tahun 2025, terdapat dinamika dalam                            Throughout 2025, there will be changes to the composition
komposisi Direksi PT Angkasa Pura Indonesia                              of the Board of Directors of PT Angkasa Pura Indonesia
sebagai bagian dari proses penguatan tata kelola dan                     as part of the process of strengthening governance and
penyelarasan arah strategis Perusahaan.                                  aligning the Company’s strategic direction.

Komposisi Direksi per 01 Januari 2025 – 15 Mei 2025                      Board of Directors Composition as of January 1, 2025 –
                                                                         May 15, 2025

Pada periode awal tahun 2025, susunan Direksi masih                      In early 2025, the composition of the Board of Directors
mengacu pada komposisi yang ditetapkan pada                              will remain the same as that established in the last
perubahan terakhir tahun sebelumnya.                                     amendment the previous year.



      Nama                          Jabatan                     Dasar Pengangkatan                        Masa Jabatan
      Name                          Position                Legal Base of Appointment                     Term of Office

Faik Fahmi             Direktur Utama                   SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
                       President Director               INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025

Wendo Asrul            Direktur Operasi                 SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
Rose                   Director of Operations           INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025

Muhammad               Direktur Teknik                  SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
Suriawan Wakan         Director of Engineering          INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025

Mohammad               Direktur Komersial               SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
Rizal Pahlevi          Director of Commercial           INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025

Yanindya Bayu          Direktur Keuangan                SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
Wirawan                Director of Finance              INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025

Achmad Syahir          Direktur Human Capital           SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
                       Director of Human Capital        INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025

Ferry Kusnowo          Direktur Strategi dan            SK-202/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
                       Pengembangan Teknologi           INJ.08.03.01/23/09/2024/A.0140          September 6, 2024 – May 15, 2025
                       Director of Strategy and
                       Technology Development




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   71
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       Ikhtisar 2025      Laporan Manajemen        Tentang Perusahaan       Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
       2025 Highlights    Management Report        About the Company        Management Discussion and Analysis     Corporate Governance




     Komposisi Direksi per 16 Mei 2025 – 31 Desember 2025               Composition of the Board of Directors as of May 16,
                                                                        2025 – December 31, 2025

     Berdasarkan ketentuan Pasal 91 Undang-Undang                       Based on the provisions of Article 91 of Law Number
     Nomor 40 Tahun 2007 tentang Perusahaan Terbatas,                   40 of 2007 concerning Limited Liability Companies,
     Pemegang Saham dapat mengambil keputusan yang                      shareholders may make binding decisions outside of a
     mengikat di luar RUPS sepanjang seluruh Pemegang                   GMS as long as all shareholders with voting rights approve
     Saham dengan hak suara menyetujui secara tertulis.                 them in writing. In this regard, through Decree No. SK-202/
     Sehubungan dengan hal tersebut, melalui Surat                      MBU/09/2024 and No. KEP.INJ.08.03.01/23/09/2024/A.0140,
     Keputusan No. SK-202/MBU/09/2024 dan No. KEP.                      as well as No. SK-128/MBU/05/2025 and No. KEP.
     INJ.08.03.01/23/09/2024/A.0140, serta  No. SK-128/                 DU.01/08.03.01/16/05/2025, changes were made to the
     MBU/05/2025 dan No. KEP.DU.01/08.03.01/16/05/2025,                 composition of the Board of Directors.
     dilakukan perubahan komposisi Direksi.

     Dengan keputusan tersebut, maka susunan Direksi sejak              With this decision, the composition of the Board of
     tanggal 16 Mei 2025 adalah sebagai berikut:                        Directors as of May 16, 2025, is as follows:



           Nama                  Jabatan                  Dasar Pengangkatan                               Masa Jabatan
           Name                  Position              Legal Base of Appointment                          Term of Office

      Mohammad           Direktur Utama             SK-202/MBU/09/2024 dan KEP.            16 Mei 2025 – 15 Mei 2030
      Rizal Pahlevi      President Director         INJ.08.03.01/23/09/2024/A.0140         9 September 2024 – 8 September 2029
                                                    SK-128/MBU/05/2025 dan KEP.            May 16, 2025 – May 15, 2030
                                                    DU.01/08.03.01/16/05/2025              September 9, 2024 – September 8, 2029

      Achmad Syahir      Wakil Direktur Utama       SK-202/MBU/09/2024 dan KEP.            16 Mei 2025 – 15 Mei 2030
                         Vice President Director    INJ.08.03.01/23/09/2024/A.0140         9 September 2024 – 8 September 2029
                                                    SK-128/MBU/05/2025 dan KEP.            May 16, 2025 – May 15, 2030
                                                    DU.01/08.03.01/16/05/2025              September 9, 2024 – September 8, 2029

      Adi Nugroho        Direktur Human Capital     SK-128/MBU/05/2025 dan KEP.            16 Mei 2025 – 15 Mei 2030
                         Director of Human          DU.01/08.03.01/16/05/2025              May 16, 2025 – May 15, 2030
                         Capital

      Ristiyanto Eko     Direktur Teknik            SK-128/MBU/05/2025 dan KEP.            16 Mei 2025 – 15 Mei 2030
      Wibowo             Director of Engineering    DU.01/08.03.01/16/05/2025              May 16, 2025 – May 15, 2030

      Yanindya Bayu      Direktur Keuangan dan      SK-202/MBU/09/2024 dan KEP.            16 Mei 2025 – 15 Mei 2030
      Wirawan            Manajemen Risiko           INJ.08.03.01/23/09/2024/A.0140         9 September 2024 – 8 September 2029
                         Director of Finance and    SK-128/MBU/05/2025 dan KEP.            May 16, 2025 – May 15, 2030
                         Risk Management            DU.01/08.03.01/16/05/2025              September 9, 2024 – September 8, 2029

      Agus Haryadi       Direktur Operasi           SK-128/MBU/05/2025 dan KEP.            16 Mei 2025 – 15 Mei 2030
                         Director of Operations     DU.01/08.03.01/16/05/2025              May 16, 2025 – May 15, 2030

      Ferry Kusnowo      Direktur Strategi          SK-202/MBU/09/2024 dan KEP.            9 September 2024 – 8 September 2029
                         dan Pengembangan           INJ.08.03.01/23/09/2024/A.0140         September 9, 2024 – September 8, 2029
                         Teknologi
                         Director of Strategy
                         and Technology
                         Development

      Veri Y. Setiady    Direktur Komersial         SK-128/MBU/05/2025 dan KEP.            16 Mei 2025 – 15 Mei 2030
                         Director of Commercial     DU.01/08.03.01/16/05/2025              May 16, 2025 – May 15, 2030




     Apresiasi                                                          Appreciation

     Atas nama Direksi PT Angkasa Pura Indonesia, kami                  On behalf of the Board of Directors of PT Angkasa Pura
     menyampaikan apresiasi dan terima kasih yang tulus                 Indonesia, we extend our sincere appreciation to our
     kepada para Pemegang Saham atas kepercayaan dan                    shareholders for their continued trust and confidence in
     dukungan yang senantiasa diberikan kepada Perusahaan.              the Company. We also convey our gratitude to the Board
     Kami juga menyampaikan penghargaan kepada Dewan                    of Commissioners for their guidance and oversight, as well
     Komisaris atas arahan dan pengawasan yang konstruktif,             as to all employees whose dedication and professionalism



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  Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




serta kepada seluruh insan Perusahaan atas dedikasi dan                     have been instrumental in driving the Company’s
profesionalisme yang menjadi kunci dalam mendorong                          performance and transformation throughout 2025.
kinerja dan transformasi Perusahaan sepanjang tahun
2025.

Akhirnya, kami mengucapkan terima kasih kepada                              Finally, we thank our airline partners, business partners,
seluruh mitra maskapai, mitra usaha, regulator, dan                         regulators, and all stakeholders for their strong
seluruh pemangku kepentingan atas sinergi dan kerja                         collaboration and support. With continued synergy and
sama yang solid. Dengan komitmen dan kolaborasi                             commitment, we remain confident in the Company’s
yang berkelanjutan, kami optimistis Perusahaan akan                         sustainable growth and its contribution to the
terus tumbuh secara berkelanjutan dan memberikan                            advancement of the national aviation industry.
kontribusi nyata bagi kemajuan industri penerbangan
nasional.




                                                          Jakarta, 30 April 2026
                                                          Jakarta, April 30, 2026

                                                          Atas nama Direksi
                                                   On behalf of the Board of Directors,




                                                      Mohammad Rizal Pahlevi
                                                             Direktur Utama
                                                            President Director




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   73
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       Ikhtisar 2025     Laporan Manajemen      Tentang Perusahaan         Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
       2025 Highlights   Management Report      About the Company          Management Discussion and Analysis   Corporate Governance




     PROFIL DIREKSI
     PROFILE OF THE BOARD OF DIRECTORS




                                        Adi Nugroho                    Agus Haryadi                      Yanindya Bayu Wirawan

                                  Direktur Human Capital               Direktur Operasi          Direktur Keuangan dan Manajemen Risiko
                                  Director of Human Capital          Director of Operations       Director of Finance and Risk Management




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       Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
       Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Mohammad Rizal                  Ristiyanto                Achmad Syahir                         Ferry Kusnowo              Veri Y. Setiady
    Pahlevi                    Eko Wibowo
                                                        Wakil Direktur Utama                   Direktur Strategi dan      Direktur Komersial
  Direktur Utama              Direktur Teknik           Vice President Director             Pengembangan Teknologi       Director of Commercial
 President Director        Director of Engineering                                            Director of Strategy and
                                                                                             Technology Development


                                                                                               PT Angkasa Pura Indonesia 2025 Annual Report       75
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       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company         Management Discussion and Analysis         Corporate Governance




                                                                       Mohammad Rizal Pahlevi

                                                                       Direktur Utama
                                                                       President Director




        Kewarganegaraan : Indonesia                      Domisili :     Jakarta                     Usia :    60 tahun
        Citizenship		     Indonesian                     Residence		    Jakarta                     Age		     60 years old


        Dasar Pengangkatan            y Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment            Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 dan No. KEP.
                                        INJ.08.03.01/23/09/2024/A.0140.
                                      y Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
                                        Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                        DU.01/08.03.01/16/05/2025.

                                      y Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                        State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 and
                                        KEP.INJ.08.03.01/23/09/2024/A.0140.
                                      y Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                        State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and
                                        No. KEP.DU.01/08.03.01/16/05/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Magister Marketing, STIM Jakarta (2003).
        Education Background          y Sarjana Manajemen, Universitas Terbuka Jakarta (1996).

                                      y Master in Marketing, STIM Jakarta (2003).
                                      y Bachelor in Management, Universitas Terbuka Jakarta (1996).

        Riwayat Pekerjaan             y Direktur Utama PT Angkasa Pura Indonesia (Mei 2025 – Sekarang).
        Employment History            y Director of Commercial PT Angkasa Pura Indonesia (2023–2025).
                                      y Director of Commercial & Service PT Angkasa Pura II (2022–2023).
                                      y Director Commercial and Cargo PT Garuda Indonesia (Persero) Tbk (2020–2022).
                                      y Director of Operation, Engineering & Commercial PT Gapura Angkasa (2019–2020).

                                      y President Director of PT Angkasa Pura Indonesia (May 2025 – Present).
                                      y Commercial Director of PT Angkasa Pura Indonesia (2023–2025).
                                      y Commercial & Service Director of PT Angkasa Pura II (2022–2023).
                                      y Commercial and Cargo Director of PT Garuda Indonesia (Persero) Tbk (2020–2022).
                                      y Director of Operation, Engineering & Commercial of PT Gapura Angkasa (2019–2020).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




                                                                   Achmad Syahir

                                                                   Wakil Direktur Utama
                                                                   Vice President Director




 Kewarganegaraan : Indonesia                        Domisili :      Tangerang Selatan          Usia :   49 tahun
 Citizenship		     Indonesian                       Residence		     South Tangerang            Age		    49 years old


 Dasar Pengangkatan             y Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment             Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 dan No. KEP.
                                  INJ.08.03.01/23/09/2024/A.0140.
                                y Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
                                  Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                  DU.01/08.03.01/16/05/2025.

                                y Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                  State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 and
                                  KEP.INJ.08.03.01/23/09/2024/A.0140.
                                y Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                  State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and
                                  No. KEP.DU.01/08.03.01/16/05/2025.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             y Magister Administrasi Bisnis, Universitas Gadjah Mada (2022).
 Education Background           y International Airport Professional – Manajemen Bandara, Airport Council International (2014).
                                y Sarjana Hukum Bisnis, Universitas Islam Bandung (2001).

                                y Master of Business Administration, Gadjah Mada University (2022).
                                y International Airport Professional – Airport Management, Airport Council International (2014).
                                y Bachelor of Business Law, Bandung Islamic University (2001).

 Riwayat Pekerjaan              y Wakil Direktur Utama PT Angkasa Pura Indonesia (2025 – Sekarang).
 Employment History             y Direktur Human Capital PT Angkasa Pura Indonesia (2023–2025).
                                y Wakil Presiden Human Capital Business Partner PT Aviasi Pariwisata Indonesia (Persero) (2022–2023).
                                y Pimpinan Workstream Proses Bisnis PMO Holding Pariwisata (2020–2021).
                                y Wakil Direktur Utama Kebijakan Komersial PT Angkasa Pura II (2019–2020).
                                y Wakil Direktur Utama Kebijakan Bisnis Bandara PT Angkasa Pura II (2017–2019).
                                y Wakil Direktur Utama Bisnis Non Aeronautika PT Angkasa Pura II (2017–2017).
                                y General Manager Bandara Sultan Thaha PT Angkasa Pura II (2015–2017).

                                y Vice President Director of PT Angkasa Pura Indonesia (2025 – Present)
                                y Human Capital Director of PT Angkasa Pura Indonesia (2023–2025).
                                y Vice President of Human Capital Business Partner at PT Aviasi Pariwisata Indonesia (Persero)
                                  (2022–2023).
                                y Business Process Workstream Leader of PMO Holding Pariwisata (2020–2021).
                                y Vice President Director of Commercial Policy of PT Angkasa Pura II (2019–2020).
                                y Vice President Director of Airport Business Policy of PT Angkasa Pura II (2017–2019).
                                y Vice President Non Aeronautical Business PT Angkasa Pura II (2017–2017).
                                y General Manager Sultan Thaha Airport PT Angkasa Pura II (2015–2017).

 Rangkap Jabatan                Tidak ada.
 Concurrent Position            None.

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.



                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report    77
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       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company         Management Discussion and Analysis         Corporate Governance




                                                                       Agus Haryadi

                                                                       Direktur Operasi
                                                                       Director of Operations




        Kewarganegaraan : Indonesia                      Domisili :     Tangerang                   Usia :    55 tahun
        Citizenship		     Indonesian                     Residence		    Tangerang                   Age		     55 years old


        Dasar Pengangkatan            Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                      DU.01/08.03.01/16/05/2025.
                                      Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a State-
                                      Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and No. KEP.
                                      DU.01/08.03.01/16/05/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Magister Manajemen Bisnis Institut Teknologi Bandung (2006).
        Education Background          y Sarjana Hukum Universitas Satyagama (1999).

                                      y Master of Business Management, Bandung Institute of Technology (2006).
                                      y Bachelor of Laws, Satyagama University (1999).

        Riwayat Pekerjaan             y Direktur Operasi PT Angkasa Pura Indonesia (2025 – Sekarang).
        Employment History            y Regional CEO Kantor Regional I PT Angkasa Pura Indonesia (2024–2025).
                                      y Director of Operation PT Angkasa Pura II (2023–2024).
                                      y Director of Operation & Commercial APK PT Angkasa Pura II (2022–2023).
                                      y Executive General Manager Soekarno Hatta PT Angkasa Pura II (2019–2022).
                                      y SVP of Corporate Secretary PT Angkasa Pura II (2016–2019).

                                      y Operation Director of PT Angkasa Pura Indonesia (2025 – Present).
                                      y Regional CEO Regional Office I PT Angkasa Pura Indonesia (2024–2025).
                                      y Director of Operation PT Angkasa Pura II (2023–2024).
                                      y Director of Operation & Commercial APK PT Angkasa Pura II (2022–2023).
                                      y Executive General Manager Soekarno Hatta PT Angkasa Pura II (2019–2022).
                                      y SVP of Corporate Secretary PT Angkasa Pura II (2016–2019).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                                  Ristiyanto Eko Wibowo

                                                                  Direktur Teknik
                                                                  Director of Engineering




 Kewarganegaraan : Indonesia                      Domisili :       Tangerang                  Usia :   49 tahun
 Citizenship		     Indonesian                     Residence		      Tangerang                  Age		    49 years old


 Dasar Pengangkatan             Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment           Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                DU.01/08.03.01/16/05/2025.
                                Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and No.
                                KEP.DU.01/08.03.01/16/05/2025.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             y Magister Manajemen Keuangan Universitas Indonesia (2022).
 Education Background           y Sarjana Manajemen Universitas Mahasaraswati (2001).

                                y Master in Financial Management, University of Indonesia (2022).
                                y Bachelor in Management, Mahasaraswati University (2001).

 Riwayat Pekerjaan              y Direktur Teknik PT Angkasa Pura Indonesia (Mei 2025 – Sekarang).
 Employment History             y Direktur Utama PT Bandara Internasional Batam (2025).
                                y Direktur Utama PT Angkasa Pura Properti (2021–2025).
                                y Direktur Keuangan dan Sumber Daya Manusia PT Angkasa Pura Properti (2020–2022).
                                y Penasihat Manajemen Portofolio Bisnis & Anak Perusahaan PT Angkasa Pura I (2020).

                                y Technical Director of PT Angkasa Pura Indonesia (May 2025 – Present).
                                y President Director of PT Bandara Internasional Batam (2025).
                                y President Director of PT Angkasa Pura Properti (2021–2025).
                                y Finance and Human Capital Director of PT Angkasa Pura Properti (2020–2022).
                                y Business Portfolio & Subsidiary Management Advisor of PT Angkasa Pura I (2020).

 Rangkap Jabatan                Tidak ada.
 Concurrent Position            None.

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   79
Page 80
       Ikhtisar 2025            Laporan Manajemen        Tentang Perusahaan         Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report        About the Company          Management Discussion and Analysis         Corporate Governance




                                                                        Veri Y. Setiady

                                                                        Direktur Komersial
                                                                        Director of Commercial




        Kewarganegaraan : Indonesia                       Domisili :     Jakarta                      Usia :    58 tahun
        Citizenship		     Indonesian                      Residence		    Jakarta                      Age		     58 years old


        Dasar Pengangkatan            Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                      DU.01/08.03.01/16/05/2025.
                                      Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a State-
                                      Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and No. KEP.
                                      DU.01/08.03.01/16/05/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            Sarjana Arsitektur, Universitas Trisakti (1992).
        Education Background          Bachelor in Architecture, Trisakti University (1992).

        Riwayat Pekerjaan             y Direktur Komersial PT Angkasa Pura Indonesia (2025 – Sekarang).
        Employment History            y Chief Operating Officer ASRI (2024–2025).
                                      y Chief Executive Officer and Founder Blveprint Destinations (2018–2024).
                                      y Chief Executive Officer Senayan City (2006–2018).
                                      y Chief Executive Officer Central Park (1999–2006).

                                      y Commercial Director of PT Angkasa Pura Indonesia (2025 – Present).
                                      y Chief Operating Officer of ASRI (2024–2025).
                                      y Chief Executive Officer and Founder of Blveprint Destinations (2018–2024).
                                      y Chief Executive Officer of Senayan City (2006–2018).
                                      y Chief Executive Officer of Central Park (1999–2006).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




80   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 81
Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                                  Yanindya Bayu Wirawan

                                                                  Direktur Keuangan dan
                                                                  Manajemen Risiko
                                                                  Director of Finance and
                                                                  Risk Management




 Kewarganegaraan : Indonesia                      Domisili :       Jakarta                    Usia :   52 tahun
 Citizenship		     Indonesian                     Residence		      Jakarta                    Age		    52 years old


 Dasar Pengangkatan             y Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment             Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 dan No. KEP.
                                  INJ.08.03.01/23/09/2024/A.0140.
                                y Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
                                  Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                  DU.01/08.03.01/16/05/2025.

                                y Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                  State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 and
                                  KEP.INJ.08.03.01/23/09/2024/A.0140.
                                y Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                  State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and
                                  No. KEP.DU.01/08.03.01/16/05/2025.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             y Magister Manajemen (MM) – Keuangan dan Perbankan, Universitas Indonesia (1998).
 Education Background           y Sarjana Teknik (ST) – Teknik Gas dan Petrokimia, Universitas Indonesia (1996).

                                y Master of Management (MM) in Finance and Banking, Universitas Indonesia (1998).
                                y Bachelor of Engineering (ST) in Gas and Petrochemical Engineering, Universitas Indonesia
                                  (1996).

 Riwayat Pekerjaan              y Direktur Keuangan dan Manajemen Risiko PT Angkasa Pura Indonesia (2023–2026).
 Employment History             y Direktur Investasi PT Indonesia Infrastruktur Finance (2020–2023).
                                y Peran Kepemimpinan Senior – Perbankan dan Infrastruktur, PT Bank DBS Indonesia dan
                                  institusi keuangan lainnya.

                                y Finance and Risk Management Director of PT Angkasa Pura Indonesia (2023–2026).
                                y Investment Director of PT Indonesia Infrastructure Finance (2020–2023).
                                y Senior Leadership Roles – Banking and Infrastructure, PT Bank DBS Indonesia and other
                                  financial institutions.

 Rangkap Jabatan                Tidak ada.
 Concurrent Position            None.

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   81
Page 82
       Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
       2025 Highlights          Management Report       About the Company         Management Discussion and Analysis         Corporate Governance




                                                                       Adi Nugroho

                                                                       Direktur Human Capital
                                                                       Director of Human Capital




        Kewarganegaraan : Indonesia                      Domisili :     Jakarta                     Usia :    56 tahun
        Citizenship		     Indonesian                     Residence		    Jakarta                     Age		     56 years old


        Dasar Pengangkatan            Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
        Basis of Appointment          Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 dan No. KEP.
                                      DU.01/08.03.01/16/05/2025.
                                      Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                      State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-128/MBU/05/2025 and No.
                                      KEP.DU.01/08.03.01/16/05/2025.

        Periode Penugasan             5 tahun
        Term of Appointment           5 years

        Riwayat Pendidikan            y Doktor Manajemen Layanan, Universiti Utara Malaysia (2007).
        Education Background          y Magister Pemasaran, Massey University (2000).
                                      y Sarjana Manajemen Sumber Daya Manusia, Universitas Pancasila (1993).

                                      y Doctorate in Service Management, Northern Malaysia University (2007).
                                      y Master in Marketing, Massey University (2000).
                                      y Bachelor in Human Resource Management, University of Pancasila (1993).

        Riwayat Pekerjaan             y Direktur Human Capital PT Angkasa Pura Indonesia (2025 – Sekarang).
        Employment History            y Direktur Utama PT Varuna Tirta Prakaysa (2021–2025).
                                      y Human Capital & General Affair Director PT Angkasa Pura I (Persero) (2015–2021).
                                      y Business Development Group Head PT Angkasa Pura I (Persero) (2013—2015).
                                      y Deputy Director of Commerce and Business Development PT Angkasa Pura I (Persero) (2012–2013).

                                      y Human Capital Director of PT Angkasa Pura Indonesia (2025 – Present).
                                      y President Director of PT Varuna Tirta Prakaysa (2021–2025).
                                      y Human Capital & General Affairs Director of PT Angkasa Pura I (Persero) (2015–2021).
                                      y Business Development Group Head of PT Angkasa Pura I (Persero) (2013–2015).
                                      y Deputy Director of Commerce and Business Development of PT Angkasa Pura I (Persero) (2012–2013).

        Rangkap Jabatan               Tidak ada.
        Concurrent Position           None.

        Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
        Affilial Relationship         Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                      He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                      Committees, or Shareholders and Main Controllers of the Company.




82   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 83
Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                                 Ferry Kusnowo

                                                                 Direktur Strategi dan
                                                                 Pengembangan Teknologi
                                                                 Director of Strategy and
                                                                 Technology Development




 Kewarganegaraan : Indonesia                       Domisili :      Tangerang                  Usia :   52 tahun
 Citizenship		     Indonesian                      Residence		     Tangerang                  Age		    52 years old


 Dasar Pengangkatan             Salinan Keputusan Menteri Badan Usaha Milik Negara dan Direktur Utama Perusahaan
 Basis of Appointment           Perseroan (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 dan No. KEP.
                                INJ.08.03.01/23/09/2024/A.0140.
                                Copy of the Decree of the Minister of State-Owned Enterprises and the President Director of a
                                State-Owned Company (Persero) PT Aviasi Pariwisata Indonesia No. SK-202/MBU/09/2024 and
                                KEP.INJ.08.03.01/23/09/2024/A.0140.

 Periode Penugasan              5 tahun
 Term of Appointment            5 years

 Riwayat Pendidikan             y Magister International Finance, Loyola Marymount University (1998).
 Education Background           y Sarjana Business Economics, University of California (1996).

                                y Master in International Finance from Loyola Marymount University (1998).
                                y Bachelor in Business Economics from University of California (1996).

 Riwayat Pekerjaan              y Direktur Eksekutif Lazada (2023 – Sekarang).
 Employment History             y Wakil Presiden Eksekutif General Merchandise Lazada (2020–2021).
                                y Chief Customer Officer Lazada (2019–2023).
                                y Chief Strategy and Business Development Ralali (2018–2019).
                                y Senior Director Digital Enterprise Services Walmart Inc. (2016–2018).
                                y Chief Information Officer Global Sourcing Walmart Inc. (2012–2016).
                                y Director Global Indirect Sourcing Walmart Inc. (2011–2012).
                                y Senior Manager Walmart Inc. (2008–2011).
                                y Pengalaman sebagai Konsultan di Amerika Serikat, Inggris, Swiss, dan Italia (1998–2011).

                                y Executive Director of Lazada (2023 – Present).
                                y Executive Vice President of General Merchandise Lazada (2020–2021).
                                y Chief Customer Officer of Lazada (2019–2023).
                                y Chief Strategy and Business Development of Ralali (2018–2019).
                                y Senior Director of Digital Enterprise Services Walmart Inc. (2016–2018).
                                y Chief Information Officer of Global Sourcing Walmart Inc. (2012–2016).
                                y Director of Global Indirect Sourcing Walmart Inc. (2011–2012).
                                y Senior Manager of Walmart Inc. (2008–2011).
                                y Consulting Experience USA, UK, Switzerland, and Italy (1998–2011).

 Rangkap Jabatan                Tidak ada.
 Concurrent Position            None.

 Hubungan Afiliasi              Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, Komite-
 Affilial Relationship          Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                He has no affilial relationship with members of the Board of Commissioners, Board of Directors,
                                Committees, or Shareholders and Main Controllers of the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   83
Page 84
       Ikhtisar 2025          Laporan Manajemen     Tentang Perusahaan      Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
       2025 Highlights        Management Report     About the Company       Management Discussion and Analysis    Corporate Governance




     PERNYATAAN PERTANGGUNGJAWABAN
     ATAS PELAPORAN TAHUNAN
     STATEMENT OF ANNUAL REPORTING ACCOUNTABILITY


     Kami yang bertanda tangan di bawah ini menyatakan bahwa seluruh informasi yang tertera dalam Laporan Tahunan
     PT Angkasa Pura Indonesia Tahun 2025 telah dimuat secara lengkap, dan kami bertanggung jawab penuh atas kebenaran
     isi Laporan Tahunan Perusahaan.

     Demikian pernyataan ini kami buat dengan sebenarnya.

     Jakarta, 30 April 2026


     Dewan Komisaris
     Board of Commissioners


                                                          Komisaris Utama
                                                       President Commissioner




                                                         Antoni Arif Priadi



                      Komisaris                                Komisaris                                     Komisaris
                    Commissioner                             Commissioner                                  Commissioner




           Erwan Agus Purwanto                             Dita Indah Sari                           Elly Engelbert Lasut


              Komisaris Independen                      Komisaris Independen                         Komisaris Independen
           Independent Commissioner                  Independent Commissioner                     Independent Commissioner




                   Djamaluddin                               Abdul Muis                                    Eva Yuliana


                            Komisaris Independen                                         Komisaris Independen
                         Independent Commissioner                                     Independent Commissioner




                               Imelda Sari                                                     Yunus Nusi


84   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 85
  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




We, the undersigned, hereby declare that all information contained in the 2025 Annual Report of
PT Angkasa Pura Indonesia has been presented in its entirety, and we assume full responsibility for the accuracy of the
contents of the Annual Report.

We hereby make this statement truthfully.

Jakarta, April 30, 2026


Direksi
Board of Directors


                          Direktur Utama                                                  Wakil Direktur Utama
                         President Director                                               Vice President Director




                 Mohammad Rizal Pahlevi                                                     Achmad Syahir



            Direktur Operasi                              Direktur Teknik                             Direktur Komersial
         Director of Operations                       Director of Engineering                       Director of Commercial




             Agus Haryadi                          Ristiyanto Eko Wibowo                               Veri Y. Setiady



        Direktur Keuangan dan                         Direktur Strategi dan                        Direktur Human Capital
          Manajemen Risiko                          Pengembangan Teknologi                        Director of Human Capital
        Director of Finance and                      Director of Strategy and
           Risk Management                          Technology Development




     Yanindya Bayu Wirawan                               Ferry Kusnowo                                  Adi Nugroho




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   85
Page 86
             03                    Tentang Perusahaan
                                   About The Company



             Informasi Umum
             General Information                           88

             Riwayat Singkat
             A Brief History                               92

             Visi dan Misi
             Vision and Mission                            96

             Nilai-Nilai Perusahaan
             Corporate Values                              97

             Jejak Langkah
             Milestones                                    98

             Produk, Layanan, dan Kegiatan Usaha
             Products, Services, and Business Activities   104

             Wilayah Operasional
             Operational Area                              110

             Profil Bandara
             Profile of Airports                           114

             Struktur Grup
             Group Structure                               121

             Struktur Organisasi
             Organization Structure                        122

             Profil Manajemen
             Management Profile                            124

             Entitas Anak dan Asosiasi
             Subsidiaries and Associated Entities          128

             Profil Entitas Anak dan Asosiasi
             Profile of Subsidiaries and Associates        131

             Demografi Karyawan
             Employee Demographics                         134

             Alamat Kantor Cabang
             Branch Office Addresses                       138

             Keanggotaan Asosiasi
             Association Membership                        141




86   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 87
PT Angkasa Pura Indonesia 2025 Annual Report   87
Page 88
       Ikhtisar 2025      Laporan Manajemen        Tentang Perusahaan   Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
       2025 Highlights    Management Report        About the Company    Management Discussion and Analysis      Corporate Governance




     INFORMASI UMUM
     GENERAL INFORMATION



                         Nama Perusahaan                                                   Modal Dasar
                         Company Name                                                      Authorized Capital

                         PT Angkasa Pura Indonesia                                         Perusahaan memiliki 63.886.608
                                                                                           saham, yang terdiri dari 2 saham Seri
                                                                                           A Dwiwarna dan 63.886.606 saham
                                                                                           Seri B, dengan total nilai saham
                                                                                           sebesar Rp63.886.608.000.000.
                         Tanggal Pendirian                                                 The Company has 63,886,608
                         Date of Establishment                                             shares, consisting of 2 Series A
                                                                                           Dwiwarna shares and 63,886,606
                         13 Agustus 1984                                                   Series B shares, with a total share
                         August 13, 1984                                                   value of Rp63,886,608,000,000.




                         Jenis/Badan Hukum Perusahaan                                      Jumlah Karyawan
                         Company Type/Legal Entity                                         Total Employees

                         Perseroan Terbatas                                                7.680 orang
                         Limited Liability Company                                         7,680 people




                         Dasar Hukum Pendirian
                         Legal Basis of Establishment

                         1. Keputusan Menteri Hukum dan Hak Asasi Manusia Republik Indonesia Nomor
                            AHU-0056929.AH.01.02 Tahun 2024 tentang Persetujuan Perubahan Anggaran
                            Dasar Perseroan Terbatas PT Angkasa Pura Indonesia tanggal 9 September 2024.
                         2. Akta Notaris Nomor 14 tanggal 7 September 2024 tentang Pemberitahuan
                            Penggabungan Perseroan PT Angkasa Pura I ke dalam PT Angkasa Pura
                            Indonesia dan Struktur Permodalan PT Angkasa Pura Indonesia (sebelumnya
                            bernama PT Angkasa Pura II) sebagai Perusahaan Penerima Penggabungan.
                         3. Dalam rangka pelaksanaan Peraturan Pemerintah Nomor 14 Tahun
                            1992, telah ditandatangani Akta Pendirian Perseroan Terbatas PT
                            Angkasa Pura II Nomor 3 tanggal 2 Januari 1993, sebagaimana diperbaiki
                            dengan Akta Pembetulan Nomor 96 tanggal 19 Maret 1993.

                         1. Decree of the Minister of Law and Human Rights of the Republic of
                            Indonesia Number AHU-0056929.AH.01.02 of 2024 concerning the Approval
                            of the Amendment to the Articles of Association of the Limited Liability
                            Company PT Angkasa Pura Indonesia dated September 9, 2024.
                         2. Notarial Deed Number 14 dated September 7, 2024 concerning the Notification of the
                            Merger of PT Angkasa Pura I into PT Angkasa Pura Indonesia and the Capital Structure of PT
                            Angkasa Pura Indonesia (formerly known as PT Angkasa Pura II) as the Surviving Company.
                         3. In accordance with Government Regulation Number 14 of 1992, the Deed of
                            Establishment of PT Angkasa Pura II Number 3 dated January 2, 1993 was executed,
                            as amended by the Deed of Amendment Number 96 dated March 19, 1993.




88   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 89
         Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
         Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




           Modal Ditempatkan dan Disetor Penuh
           Issued and Paid-up Capital                                                   Perubahan Nama
           Dua saham Seri A Dwiwarna, masing-
                                                                                  Name Change
           masing bernilai Rp1.000.000, sehingga
           totalnya Rp2.000.000, serta 25.251.251                                             PT Angkasa Pura Indonesia (dahulu “PT
           saham Seri B, masing-masing bernilai                                               Angkasa Pura II” atau “AP2”) (“Perusahaan”),
           Rp1.000.000, sehingga totalnya                                                     sebelumnya bernama Perum Pelabuhan Udara
                                                                                              Jakarta Cengkareng, didirikan berdasarkan
           Rp25.251.251.000.000. Dengan
                                                                                              Peraturan Pemerintah (PP) Nomor 20 tanggal
           demikian, total nilai nominal seluruh
                                                                                              13 Agustus 1984. Perubahan nama dari Perum
           saham per 7 September 2024 adalah                                                  Pelabuhan Udara Jakarta Cengkareng menjadi
           sebesar Rp25.251.253.000.000.                                                      Perum Angkasa Pura II dilakukan berdasarkan
           Two Series A Dwiwarna shares, each                                                 Peraturan Pemerintah Nomor 26 Tahun 1986.
           with a nominal value of Rp1,000,000,                                               Selanjutnya, berdasarkan Peraturan
           amounted to a total of Rp2,000,000, and                                            Pemerintah Nomor 14 Tahun 1992 tanggal
           25,251,251 Series B shares, each with a                                            17 Maret 1992, Perum Angkasa Pura II
           nominal value of Rp1,000,000, amounted                                             berubah status badan hukum menjadi
           to a total of Rp25,251,251,000,000.                                                Perusahaan Perseroan (Persero).
           Accordingly, the total nominal value
                                                                                              Berdasarkan Akta Pernyataan Keputusan
           of all shares as of September 7,                                                   Rapat Umum Pemegang Saham Nomor 07
           2024 was Rp25,251,253,000,000.                                                     tanggal 6 September 2024, para pemegang
                                                                                              saham Perusahaan menyetujui, antara lain,
                                                                                              perubahan Anggaran Dasar, logo, dan nama
                                                                                              Perusahaan dari sebelumnya PT Angkasa
                                                                                              Pura II menjadi PT Angkasa Pura Indonesia.
                                                                                              Perubahan tersebut telah memperoleh
            Alamat dan Kontak
                                                                                              persetujuan dari Menteri Hukum dan Hak
            Address and Contact
                                                                                              Asasi Manusia Republik Indonesia berdasarkan
                                                                                              Surat Nomor AHU-0056672.AH.01.02
            InJourney Airports Center                                                         Tahun 2024 tanggal 6 September 2024.
            Bandara Internasional Soekarno-Hatta
            PO BOX 1004                                                                       PT Angkasa Pura Indonesia (formerly “PT
            Tangerang 15111 - Indonesia                                                       Angkasa Pura II” or “AP2”) (the “Company”),
                                                                                              previously known as Perum Pelabuhan
                                                                                              Udara Jakarta Cengkareng, was established
Layanan Informasi/Information Services: 172                                                   pursuant to Government Regulation Number
Email          : corsec@injourneyairports.id                                                  20 of 1984. The change of name from Perum
                                                                                              Pelabuhan Udara Jakarta Cengkareng to Perum
Website        : www.injourneyairports.id                                                     Angkasa Pura II was effective pursuant to
                                                                                              Government Regulation Number 26 of 1986.
Instagram : injourneyairports
                                                                                              Subsequently, pursuant to Government
Facebook : InJourney Airports                                                                 Regulation Number 14 of 1992, Perum
Twitter        : INJairports                                                                  Angkasa Pura II changed its legal status to
                                                                                              a Limited Liability Company (Persero).
Tiktok         : injourneyairports
                                                                                              Based on the Deed of Statement of Resolutions
WhatApp : 0816-770-172                                                                        of the General Meeting of Shareholders Number
                                                                                              07 dated September 6, 2024, the Company’s
                                                                                              shareholders approved, among others,
                                                                                              amendments to the Articles of Association,
                                                                                              the Company’s logo, and the change of the
            Wilayah Operasional                                                               Company’s name from PT Angkasa Pura II to
            Operational Areas                                                                 PT Angkasa Pura Indonesia. Such amendments
                                                                                              were approved by the Minister of Law and
            Indonesia                                                                         Human Rights of the Republic of Indonesia
            Indonesia                                                                         pursuant to Letter Number AHU-0056672.
                                                                                              AH.01.02 of 2024 dated September 6, 2024.




                                                                                                 PT Angkasa Pura Indonesia 2025 Annual Report   89
Page 90
       Ikhtisar 2025           Laporan Manajemen         Tentang Perusahaan       Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
       2025 Highlights         Management Report         About the Company        Management Discussion and Analysis     Corporate Governance




                  Kegiatan Usaha Menurut Anggaran Dasar
               Terakhir dan Pada Tahun Buku 2025
               Business Activities According to the Latest Articles of
               Association and During the Fiscal Year 2025

                          Anggaran Dasar Perusahaan telah beberapa kali mengalami perubahan, terakhir berdasarkan
                          Akta Notaris Nanda Fauz Iwan, S.H., M.Kn., Nomor 6 tanggal 12 Desember 2024 mengenai
                          penegasan persetujuan pengalihan saham Seri B Perusahaan yang dimiliki oleh PT
                          Taman Wisata Borobudur serta perubahan Pasal 4 Anggaran Dasar sehubungan dengan
                          pengalihan tersebut. Akta notaris tersebut telah diberitahukan kepada dan diterima oleh
                          Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia serta memperoleh Surat
                          Penerimaan Pemberitahuan Nomor AHU-AH.01.03-0221033 tanggal 12 Desember 2024.

                          Berdasarkan Pasal 3 Anggaran Dasar Perusahaan, kegiatan utama Perusahaan adalah
                          pengangkutan dan pergudangan dengan klasifikasi aktivitas kebandarudaraan.



                          The Company’s Articles of Association have been amended several times, most recently based on
                          Notarial Deed Number 6 dated December 12, 2024 of Nanda Fauz Iwan, S.H., M.Kn., concerning
                          the affirmation of approval for the transfer of the Company’s Series B shares owned by PT Taman
                          Wisata Borobudur and the amendment to Article 4 of the Articles of Association in connection
                          with such transfer. The notarial deed has been notified to and received by the Ministry of Law
                          and Human Rights of the Republic of Indonesia and was acknowledged through its Letter
                          of Receipt of Notification Number AHU-AH.01.03-0221033 dated December 12, 2024.

                          Pursuant to Article 3 of the Company’s Articles of Association, the Company’s principal activities
                          are transportation and warehousing under the classification of airport activities.




         Lembaga Penunjang
     Supporting Institutions


                         Nama & Alamat                              Jenis                    Bentuk Jasa               Periode Penugasan
                         Name & Address                             Type                    Form of Service            Assignment Period

     PT Kustodian Sentral Efek Indonesia                     Biro Administrasi       Kustodian                         2025
     Gedung Bursa Efek Indonesia, Tower I Lt. 5              Efek                    Custodian
     Jl. Jenderal Sudirman Kav. 52–53                        Securities
     Kel. Senayan – Kec. Kebayoran Baru                      Administration
     Jakarta Selatan 12190                                   Bureau
     DKI Jakarta

     PT Pemeringkat Efek Indonesia                           Perusahaan              Pemeringkat Efek                  2025
     Panin Tower Senayan City Lt. 7                          Pemeringkat Efek        Rating Agency
     Jl. Asia Afrika Lot 19                                  Securities Rating
     Kel. Gelora – Kec. Tanah Abang                          Company
     Jakarta Pusat 10270
     DKI Jakarta




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                 Nama & Alamat                               Jenis                      Bentuk Jasa           Periode Penugasan
                Name & Address                               Type                     Form of Service         Assignment Period

PT Bursa Efek Indonesia                              Jasa Lintas                Jasa lintas                   2025
Gedung Bursa Efek Indonesia, Tower 1                 Perdagangan Efek           perdagangan efek
Jl. Jenderal Sudirman Kav. 52–53                     Cross-Border               Cross-Border Securities
Kel. Senayan – Kec. Kebayoran Baru                   Securities Trading         Trading Services
Jakarta Selatan 12190                                Services
DKI Jakarta

Otoritas Jasa Keuangan (OJK)                         Jasa Pengawasan            Mengawasi penerbitan          2025
Gedung Soemitro Djojohadikusumo                      Supervision                obligasi hingga jatuh tempo
Jl. Lapangan Banteng Timur No. 2–4                   Services                   Supervising bond
Kel. Pasar Baru – Kec. Sawah Besar                                              issuance until maturity
Jakarta Pusat 10710
DKI Jakarta

Fathiah Helmi, S.H.                                  Jasa Notaris               Pembuatan akta                2025
Graha Irama Lt. 6, Suite C                           Notary Services            perwaliamanatan,
Jl. HR Rasuna Said Blok X-1 Kav. 1 & 2                                          pengakuan utang,
Kel. Kuningan Timur – Kec. Setiabudi                                            penjaminan emisi efek,
Jakarta Selatan 12950                                                           dan perubahannya
DKI Jakarta                                                                     Drafting deeds including
                                                                                trust agreements, debt
                                                                                acknowledgments,
                                                                                underwriting agreements,
                                                                                and amendments

PT Bank KB Bukopin Tbk                               Jasa Wali Amanat           Mewakili kepentingan          2025
Jl. Letjen M.T. Haryono Kav. 50–51                   Trustee Services           pemegang obligasi terkait
Kel. Rawa Jati – Kec. Pancoran                                                  hak dan kewajiban
Jakarta Selatan 12770                                                           Representing bondholders’
DKI Jakarta                                                                     interests and obligations


Marsinih Martoatmodjo Iskandar                       Jasa Konsultan             Konsultasi hukum              2025
Kusdihardjo (MMIK)                                   Hukum                      penerbitan emisi efek
Office 8 Lt. 15 Suite H                              Legal Consultant           Legal consulting services
Jl. Jenderal Sudirman Kav. 52–53                     Services                   for securities issuance
Kel. Senayan – Kec. Kebayoran Baru
Jakarta Selatan 12190
DKI Jakarta

KAP Purwanto Susanti dan Surja                       Jasa Akuntan               Audit laporan keuangan        2025
Jl. Jenderal Sudirman No. 5                          Publik                     Financial statement
Kel. Senayan – Kec. Kebayoran Baru                   Public Accountant          audit services
Jakarta Selatan 12190                                Services
DKI Jakarta

PT BRI Danareksa Sekuritas                           Jasa Underwriter           Pemasaran dan                 2025
Gedung Danareksa                                     Underwriting               penjualan efek
Jl. Medan Merdeka Selatan No. 14                     Services                   Securities marketing
Kel. Gambir – Kec. Gambir                                                       and sales services
Jakarta Pusat 10110
DKI Jakarta

PT Indo Premier Sekuritas                            Jasa Underwriter           Pemasaran dan                 2025
SCBD Suites, Pacific Century Place, Lt. 16           Underwriting               penjualan efek
Jl. Jenderal Sudirman Kav. 52–53 No. 10              Services                   Securities marketing
Kel. Senayan – Kec. Kebayoran Baru                                              and sales services
Jakarta Selatan 12190
DKI Jakarta

Doli, Bambang, Sulistiyanto, Dadang & Ali            Jasa Penilai               Audit penjatahan              2025
Menara Kuningan Lt. 11                               Appraisal Services         penawaran umum
Jl. HR Rasuna Said Blok X-7 Kav. 5                                              berkelanjutan
Kel. Kuningan Timur – Kec. Setiabudi                                            Audit services for
Jakarta Selatan 12940                                                           continuous public
DKI Jakarta                                                                     offering allocation




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       2025 Highlights    Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




     RIWAYAT SINGKAT
     A BRIEF HISTORY




     Sejarah PT Angkasa Pura Indonesia berawal dari                  The history of PT Angkasa Pura Indonesia began with
     pendirian PN Angkasa Pura Kemayoran pada 20 Februari            the establishment of PN Angkasa Pura Kemayoran on 20
     1962 berdasarkan Peraturan Pemerintah Nomor 33                  February 1962 under Government Regulation No. 33 of
     Tahun 1962. Perusahaan tersebut memiliki tugas pokok            1962. The company was tasked with managing Kemayoran
     mengelola Bandara Kemayoran Jakarta, yang pada saat             Airport in Jakarta, which at that time was Indonesia’s first
     itu merupakan bandara internasional pertama dan satu-           and only international airport.
     satunya di Indonesia.

     Pada 20 Februari 1964, PN Angkasa Pura Kemayoran                On 20 February 1964, PN Angkasa Pura Kemayoran
     secara resmi mengambil alih seluruh aset dan operasional        officially assumed full control of the assets and operations
     Bandara    Kemayoran     Jakarta    dari   Kementerian          of Kemayoran Airport from the Ministry of Transportation.
     Perhubungan.

     Dalam rangka memperluas cakupan usaha, pada 17 Mei              To expand its scope of business, the company’s name was
     1965 nama perusahaan diubah menjadi PN Angkasa Pura             changed to PN Angkasa Pura on 17 May 1965 pursuant
     berdasarkan Peraturan Pemerintah Nomor 21 Tahun                 to Government Regulation No. 21 of 1965. Since then, PN
     1965. Sejak saat itu, PN Angkasa Pura mulai mengelola           Angkasa Pura began managing several airports in major



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sejumlah bandara di kota-kota besar di Indonesia, antara                 Indonesian cities, including Denpasar, Medan, Surabaya,
lain Denpasar, Medan, Surabaya, Balikpapan, dan Ujung                    Balikpapan, and Ujung Pandang.
Pandang.

Untuk mendukung perluasan pengelolaan bandara,                           In order to support the expansion of airport management,
status hukum PN Angkasa Pura diubah menjadi                              the legal status of PN Angkasa Pura was changed
Perusahaan Umum (Perum) berdasarkan Peraturan                            to a Public Corporation (Perum) under Government
Pemerintah Nomor 37 Tahun 1974. Pada tahun 1985,                         Regulation No. 37 of 1974. In 1985, Kemayoran International
Bandara Internasional Kemayoran berhenti beroperasi                      Airport ceased operations and its role was replaced by
dan perannya digantikan oleh Bandara Cengkareng, yang                    Cengkareng Airport, now known as Soekarno-Hatta
kini dikenal sebagai Bandara Internasional Soekarno-                     International Airport in Tangerang.
Hatta Tangerang.

Pada tahun 1992, berdasarkan Peraturan Pemerintah                        In 1992, pursuant to Government Regulation No. 5 of
Nomor 5 Tahun 1992, Perum Angkasa Pura I berubah                         1992, Perum Angkasa Pura I was converted into a Limited
status menjadi Perseroan Terbatas (PT) dengan                            Liability Company (Perseroan Terbatas or PT), wholly
kepemilikan penuh oleh Negara Republik Indonesia.                        owned by the Republic of Indonesia. The change of name



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       2025 Highlights    Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




     Perubahan nama menjadi PT Angkasa Pura I (Persero)              to PT Angkasa Pura I (Persero) was approved by the
     disetujui oleh Menteri Kehakiman pada 24 April 1993 dan         Minister of Justice on 24 April 1993 and announced in the
     diumumkan dalam Berita Negara Republik Indonesia                State Gazette of the Republic of Indonesia No. 52 dated
     Nomor 52 tanggal 29 Juni 1993.                                  29 June 1993.

     Sementara itu, PT Angkasa Pura II (selanjutnya disebut          Meanwhile, PT Angkasa Pura II (hereinafter referred
     “Angkasa Pura II”, “AP II”, atau “Perusahaan”) didirikan        to as “Angkasa Pura II”, “AP II”, or the “Company”) was
     berdasarkan Peraturan Pemerintah Nomor 20 tanggal               established under Government Regulation No. 20 dated
     13 Agustus 1984 tentang Perseroan Umum (Perum)                  13 August 1984 concerning the Public Corporation
     Pelabuhan Udara Jakarta Cengkareng, sebagaimana                 (Perum) Jakarta Cengkareng Airport, as published in the
     diumumkan dalam Lembaran Negara Republik Indonesia              State Gazette of the Republic of Indonesia No. 30 of 1984.
     Nomor 30 Tahun 1984.

     Pemerintah Republik Indonesia memberikan mandat                 The Government of the Republic of Indonesia mandated
     kepada    perusahaan    untuk   mengelola     Bandara           the company to manage Cengkareng Airport, now known
     Cengkareng, yang kini dikenal sebagai Bandara                   as Soekarno-Hatta International Airport in Tangerang,
     Internasional Soekarno-Hatta Tangerang, serta Bandara           as well as Halim Perdanakusuma International Airport




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Internasional Halim Perdanakusuma Jakarta sejak 13                       in Jakarta, effective 13 August 1984. In May 1986, the
Agustus 1984. Pada Mei 1986, nama perusahaan diubah                      company’s name was changed to Perum Angkasa Pura II
menjadi Perum Angkasa Pura II berdasarkan Peraturan                      pursuant to Government Regulation No. 26 of 1986.
Pemerintah Nomor 26 Tahun 1986.

Pada 17 Maret 1992, status badan hukum perusahaan                        On 17 March 1992, the Company’s legal status was
diubah menjadi Perseroan Terbatas berdasarkan                            converted into a Limited Liability Company pursuant to
Peraturan Pemerintah Nomor 14 Tahun 1992. PT Angkasa                     Government Regulation No. 14 of 1992. PT Angkasa Pura
Pura II resmi berdiri pada 2 Januari 1993 dan disahkan                   II was officially established on 2 January 1993 and was
oleh Menteri Kehakiman pada 24 April 1993. Sejak saat itu,               ratified by the Minister of Justice on 24 April 1993. Since
Anggaran Dasar Perusahaan telah mengalami beberapa                       then, the Company’s Articles of Association have been
kali perubahan, termasuk penyesuaian dengan Undang-                      amended several times, including adjustments to comply
Undang Perseroan Terbatas Tahun 2007, dengan                             with the 2007 Limited Liability Company Law, with the
perubahan terakhir dilakukan pada 6 Desember 2019.                       latest amendment made on 6 December 2019.

PT Angkasa Pura II didirikan untuk mengelola dan                         PT Angkasa Pura II was established to manage and
mengembangkan pelayanan kebandarudaraan dengan                           develop airport services by leveraging its resources while
memanfaatkan sumber daya yang dimiliki serta                             implementing good corporate governance principles.
menerapkan prinsip tata kelola perusahaan yang baik.                     Its primary objective has been to deliver high-quality
Tujuan utamanya adalah menghadirkan pelayanan                            and competitive services in order to enhance corporate
berkualitas tinggi dan berdaya saing guna meningkatkan                   value and strengthen public trust. Over more than three
nilai perusahaan serta memperkuat kepercayaan                            decades, PT Angkasa Pura II demonstrated significant
masyarakat. Selama lebih dari tiga dekade, PT Angkasa                    growth through continuous improvements in facilities
Pura II menunjukkan pertumbuhan yang signifikan                          and services across the airports under its management.
melalui peningkatan fasilitas dan layanan di bandara-
bandara yang dikelolanya.

Pada tahun 2021, PT Angkasa Pura I bersama PT Angkasa                    In 2021, PT Angkasa Pura I and PT Angkasa Pura II, together
Pura II, PT Hotel Indonesia Natour, PT Taman Wisata                      with PT Hotel Indonesia Natour, PT Taman Wisata Candi
Candi Borobudur, Prambanan & Ratu Boko, PT Sarinah,                      Borobudur, Prambanan & Ratu Boko, PT Sarinah, and PT
dan PT Pengembangan Pariwisata Indonesia bergabung                       Pengembangan Pariwisata Indonesia, became part of
dalam BUMN Holding Industri Aviasi dan Pariwisata                        the State-Owned Enterprises (SOE) Aviation and Tourism
Indonesia, yaitu PT Aviasi Pariwisata Indonesia (Persero)                Holding, PT Aviasi Pariwisata Indonesia (Persero), also
atau InJourney.                                                          known as InJourney.

Pada tanggal 6 September 2024, pemegang saham                            On September 6, 2024, the Company’s shareholders
Perusahaan menyetujui perubahan anggaran dasar, logo                     approved amendments to the Articles of Association, as
dan nama Perusahaan, dari sebelumnya PT Angkasa                          well as changes to the Company’s logo and name, from
Pura II (AP II) menjadi PT Angkasa Pura Indonesia. Pada                  previously PT Angkasa Pura II (AP II) to PT Angkasa Pura
tanggal 9 September 2024, PT Angkasa Pura I (AP1)                        Indonesia. On September 9, 2024, PT Angkasa Pura I
melakukan penggabungan ke dalam Perusahaan. Proses                       (AP I) was merged into the Company. This process was
ini dilakukan sesuai dengan peraturan perundang-                         carried out in accordance with the prevailing laws and
undangan yang berlaku.                                                   regulations.

Ke depan, PT Angkasa Pura Indonesia akan berfokus                        Going forward, PT Angkasa Pura Indonesia focuses
pada peningkatan pendapatan di luar sektor aeronautika                   on increasing revenue outside the aeronautical (non-
(nonaeronautika). Salah satu strategi utamanya                           aeronautical) sector. One of its main strategies is to
adalah mengoptimalkan pemanfaatan lahan-lahan                            optimize the utilization of vacant land surrounding airport
kosong di sekitar kawasan bandara untuk mendukung                        areas to support the development of non-aeronautical
pengembangan bisnis nonaeronautika.                                      businesses.

Dengan bergabungnya dua perusahaan besar ini, PT                         With the merger of these two major companies, PT
Angkasa Pura Indonesia kini resmi menjadi operator                       Angkasa Pura Indonesia has officially become the
bandara terbesar kelima di dunia, dengan mengelola                       fifth largest airport operator in the world, managing
dan mengoperasikan 37 bandara di seluruh Indonesia,                      and operating 37 airports across Indonesia, marking a
menandai pencapaian strategis yang memperkuat posisi                     strategic milestone that strengthens Indonesia’s position
Indonesia dalam industri aviasi global.                                  in the global aviation industry.




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           2025 Highlights    Management Report        About the Company           Management Discussion and Analysis       Corporate Governance




     VISI DAN MISI
     VISION AND MISSION
                                                                                  VISI
                                                                                 VISION
                                                   Menjadi Operator Bandara Kelas Dunia, menghubungkan
                                                  wisatawan global dengan keramahtamahan khas Indonesia
                                                      To become World-Class Airport Operator, connecting global
                                                            travelers with distinctive Indonesian Hospitality


                                                                            Wajah dan
                 Tujuan               Pencipta Nilai                  Kebanggaan Indonesia                        Agen Pembangunan
              Objectives              Value Creator                  Face and Pride of Indonesia                  Agent of Development


                                          Premis                                  Proses                                    SDM
                                         Premises                                 Process                                  People
                                    Infrastruktur bandara            Operasional bandara berbasis                 Nilai-nilai, pola pikir, dan
                   Tema
                                     yang berfokus pada             ekosistem dengan pengambilan                 kompetensi yang berpusat
            Transformasi
                                   pengalaman pelanggan                keputusan berbasis data                  pada pelanggan berdasarkan
          Transformation
                                  Airport infrastructure that          Ecosystem-based airport                          standar global
                 Themes
                               focuses on customer experience             operations with data-                    Customer centric values,
                                                                        driven decision making                   mindsets and competences
                                                                                                                  based on global standards



                                  Operasional dan             Pengembangan                  Komersial Berbasis            Praktik Keuangan,
                                 Layanan Bandara                Organisasi &                 Penciptaan Nilai           Akuntansi, ESG, Risiko,
                                    Kelas Dunia                   Talenta                   Commercial Based                dan Kepatuhan
           Pilar Strategis          World Class                Organization &                on Value Creation          (FAESGRC) yang Kuat
          Strategic Pillars      Airport Operations         Talent Development                                              Strong Finance,
                                    and Services                                                                           Accounting, ESG,
                                                                                                                         Risk, and Compliance
                                                                                                                         (FAESGRC) Practices



                                                                                  Teknologi
                                                                                 Technology
             Pendukung         Memfasilitasi pembentukan organisasi berbasis data melalui sistem terintegrasi terbaik di kelasnya yang
                Enabler          dilengkapi dengan keunggulan analitik big-data dan dilindungi oleh keamanan siber yang tangguh
                                     Facilitating the formation of a data-driven organization through a best-in-class integrated system
                                        equipped with the advantages of big-data analytics and protected by robust cyber security




              Misi
     Mission

     1.     Meningkatkan nilai bagi stakeholder dan shareholder             1.    To increase value for stakeholders and shareholders by
            dengan menjadi katalisator pertumbuhan dan                            serving as a catalyst for Indonesia’s economic growth
            pemerataan ekonomi Indonesia.                                         and equitable development.
     2.     Meningkatkan konektivitas udara untuk memastikan                2.    To enhance air connectivity to ensure operational
            efisiensi operasional dan menyediakan layanan                         efficiency and deliver services that uphold the highest
            dengan standar keselamatan, keamanan, dan                             standards of safety, security, and comfort across all
            kenyamanan terbaik di seluruh bandara.                                airports.
     3.     Memberikan layanan bandara yang unggul dengan                   3.    To provide excellent airport services infused with the
            kearifan budaya Indonesia (World-Class Airport                        richness of Indonesian cultural values (World-Class
            Services).                                                            Airport Services).
     4.     Menjadi World-Class Airport Operator melalui                    4.    To become a World-Class Airport Operator through
            pengelolaan sumber daya manusia yang unggul.                          excellent human resources management.
     5.     Berperan aktif sebagai agent of development,                    5.    Actively serve as an agent of development by
            memberikan kontribusi positif bagi masyarakat dan                     contributing positively to society and the environment,
            lingkungan, serta memenuhi prinsip-prinsip tata                       while upholding the principles of good corporate
            kelola perusahaan yang baik.                                          governance.



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NILAI-NILAI PERUSAHAAN
CORPORATE VALUES




               AMANAH                 Bisa dipercaya, memenuhi janji dan komitmen, bertanggung jawab atas tugas,
                 Trustworthy          keputusan, dan tindakan, serta berpegang teguh pada nilai moral dan etika.

                                      Trustworthy, fulfil promises and commitments, responsible for tasks, decisions, and
                                      actions, and adhere to moral and ethical values




           KOMPETEN                   Kemampuan dan keterampilan yang sesuai dengan bidang kerja, terus belajar
                 Competent            dan meningkatkan kualitas diri, serta berorientasi pada hasil yang optimal dan
                                      inovatif.

                                      Abilities and skills that are in accordance with the work field, continue to learn and
                                      improve themselves, and are oriented towards optimal and innovative results.




            HARMONIS                  Menjaga hubungan baik dengan sesama SDM BUMN, pelanggan, mitra, dan
                Harmonious            pemangku kepentingan lainnya, menghargai perbedaan dan keragaman, serta
                                      menciptakan suasana kerja yang kondusif dan sehat.

                                      Maintaining good relations with fellow SOE HR, customers, partners and other
                                      stakeholders, respecting differences and diversity, and creating a conducive and
                                      healthy working atmosphere.




                    LOYAL             Setia dan taat kepada negara, organisasi, dan atasan, menjunjung tinggi
                         Loyal        kepentingan bersama, serta menghindari konflik kepentingan dan tindakan yang
                                      merugikan BUMN.

                                      Being loyal and obedient to the country, organization, and superiors, upholding
                                      common interests, and avoiding conflicts of interest and actions that harm SOEs.




                ADAPTIF               Mampu menyesuaikan diri dengan perubahan lingkungan, tantangan, dan
                     Adaptive         peluang, bersikap terbuka dan fleksibel, serta berani mengambil risiko yang
                                      terukur dan bertanggung jawab.

                                      Being able to adjust to environmental changes, challenges, and opportunities, being
                                      open and flexible, and taking measured and responsible risks.




      KOLABORATIF                     Bekerja sama dengan tim, unit kerja, atau BUMN lainnya untuk mencapai tujuan
               Collaborative          bersama, berbagi pengetahuan dan pengalaman, serta memberikan dukungan
                                      dan bantuan yang dibutuhkan.

                                      Working together with teams, work units, or other SOEs to achieve common goals,
                                      sharing knowledge and experience, and providing support and assistance as needed.




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     JEJAK LANGKAH
     MILESTONES


                         Pendirian Perusahaan Negara (PN)
      1962               Angkasa Pura Kemayoran dengan tugas
                         untuk mengelola dan mengusahakan
                         Bandar Udara Kemayoran.
                         The establishment of the State-
                         Owned Enterprise (PN) Angkasa Pura
                         Kemayoran with the task of managing              1993
                         and operating Kemayoran Airport.




                                                                                       Pendirian PT (Persero) Angkasa Pura II
                                                                                       berdasarkan akta Notaris Muhani Salim,
                                                                                       S.H., No. 3 tanggal 2 Januari 1993.
                         Perubahan nama PN Angkasa Pura                                The establishment of PT (Persero)
      1965               Kemayoran menjadi PN Angkasa Pura.                            Angkasa Pura II based on Notarial Deed
                         The change of name from PN Angkasa                            No. 3 dated January 2, 1993, drawn
                         Pura Kemayoran to PN Angkasa Pura.                            up by Notary Muhani Salim, S.H.


                         Perubahan status badan hukum PN
      1974               Angkasa Pura menjadi Perusahaan
                         Umum (Perum) Angkasa Pura.
                                                                                       Perubahan status badan hukum Perum
                         The change in legal status of PN
                         Angkasa Pura to a Public Corporation
                                                                          1992         Angkasa Pura I menjadi PT Angkasa Pura I.
                                                                                       The change in legal status of Perum
                         (Perum) Angkasa Pura.
                                                                                       Angkasa Pura I to PT Angkasa Pura I.




                         Pendirian Perum Pelabuhan
      1984               Udara Cengkareng.
                         The establishment of Perum
                         Pelabuhan Udara Cengkareng.
                                                                          1991




                                                                                       Serah terima kepemilikan dan
                                                                                       pengoperasian Bandara Sultan Mahmud
                         Perubahan nama Perum Pelabuhan
      1986               Udara Cengkareng menjadi
                                                                                       Badaruddin II Palembang dari Ditjen
                                                                                       Perhubungan Udara ke Perusahaan.
                         Perum Angkasa Pura II.
                                                                                       The transfer of ownership and operation
                         The change of name from Perum
                                                                                       of Sultan Mahmud Badaruddin II Airport,
                         Pelabuhan Udara Cengkareng
                                                                                       Palembang, from the Directorate General
                         to Perum Angkasa Pura II.
                                                                                       of Civil Aviation to the Company.Udara
                                                                                       Cengkareng to Perum Angkasa Pura.




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                                                                        2007

1994
                  Perusahaan mendapat tugas mengelola
                  Bandara Polonia Medan, Simpang
                  Tiga Pekanbaru, dan Tabing Padang.
                  The Company was assigned to
                                                                                        Bandara Depati Amir, Pangkal Pinang dan
                  manage Polonia Medan Airport,
                                                                                        Sultan Thaha resmi dikelola Perusahaan.
                  Simpang Tiga Pekanbaru Airport,
                                                                                        Depati Amir Airport, Pangkal Pinang
                  and Tabing Padang Airport.
                                                                                        Airport, and Sultan Thaha Airport were
                                                                                        officially managed by the Company.




1998                                                                    2006



                  Manajemen Kantor Cabang Utama
                  PT (Persero) Angkasa Pura Bandar
                  Udara Soekarno-Hatta terbentuk.
                  The management of the Main Branch                                     Groundbreaking pembangunan
                  Office of PT (Persero) Angkasa Pura at                                Bandara Internasional Kualanamu.
                  Soekarno-Hatta Airport was formed.                                    The groundbreaking for the construction
                                                                                        of Kualanamu International Airport.



                                                                        2005
1999


                  Perubahan nama Bandara Simpang Tiga
                  menjadi Bandara Sultan Syarif Kasim II.
                  The change of name of Simpang Tiga
                  Airport to Sultan Syarif Kasim II Airport.
                                                                                        Peresmian Bandara Internasional
                                                                                        Minangkabau.
                                                                                        The inauguration of Minangkabau
                                                                                        International Airport.




2000                                                                    2004


                  Serah terima operasi Bandara
                  Kijang Tanjung Pinang dari Ditjen
                  Perhubungan Udara ke Perusahaan.
                  The transfer of operations of
                  Kijang Tanjung Pinang Airport
                  from the Directorate General of                                       Peresmian Terminal Khusus Haji
                  Civil Aviation to the Company.                                        Bandara Soekarno-Hatta.
                                                                                        The inauguration of the Hajj Special
                                                                                        Terminal at Soekarno-Hatta Airport.



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        2025 Highlights         Management Report          About the Company     Management Discussion and Analysis   Corporate Governance




       2008                                                                     2016




                                                                                              Terminal 3 Ultimate Bandara Internasional
                                                                                              Soekarno-Hatta resmi beroperasi.
                          Peresmian Bandara Sultan Hasanuddin
                                                                                              Terminal 3 Ultimate of Soekarno-
                          Makassar, serta Perencanaan Program
                                                                                              Hatta International Airport
                          Bersih Bandara “Clean Airport Action” dan
                                                                                              officially began operations.
                          peresmian fasilitas umum di Bandara.
                          The inauguration of Sultan Hasanuddin
                          Makassar Airport, as well as the planning of
                          the “Clean Airport Action” program and the
                          inauguration of public facilities at the airport.
                                                                                2014


       2009
                                                                                               • Peresmian Bandara SAMS
                                                                                                 Sepinggan Balikpapan.
                                                                                               • Peresmian Terminal 2 Bandara
                                                                                                 Juanda Surabaya.
                                                                                               • Peresmian Bandara I Gusti
                                                                                                 Ngurah Rai Bali.
                                                                                               • The inauguration of SAMS
                          Peresmian Eco & Modern Terminal, yakni                                 Sepinggan Balikpapan Airport.
                          Terminal 3 Bandara Soekarno-Hatta.                                   • The inauguration of Terminal 2
                          The inauguration of the Eco &                                          of Juanda Surabaya Airport.
                          Modern Terminal, namely Terminal                                     • The inauguration of I Gusti
                          3 of Soekarno-Hatta Airport.                                           Ngurah Rai Bali Airport.




        2011                                                                    2013




                                                                                              • Pengalihan tugas pengelolaan
                                                                                                kenavigasian ke Perum LPPNPI
                          • Peresmian Bandara                                                   (AirNav Indonesia).
                            Internasional Lombok.                                             • Serah terima operasional Bandara
                          • Groundbreaking pembangunan                                          Silangit dari Kementerian
                            Terminal Bandara Depati Amir.                                       Perhubungan kepada Perusahaan.
                          • Groundbreaking pembangunan                                        • Bandara Internasional
                            Terminal Bandara Supadio.                                           Kualanamu mulai beroperasi.
                          • The inauguration of Lombok                                        • Terminal baru Bandara Raja Haji
                            International Airport.                                              Fisabilillah mulai beroperasi.
                          • The groundbreaking for the                                        • The transfer of air navigation
                            construction of the Depati                                          management duties to Perum
                            Amir Airport terminal.                                              LPPNPI (AirNav Indonesia).
                          • The groundbreaking for the                                        • The transfer of Silangit Airport
                            construction of the Supadio                                         operations from the Ministry of
                            Airport terminal.                                                   Transportation to the Company.
                                                                                              • Kualanamu International
                                                                                                Airport began operations.
                                                                                              • The new terminal of Raja Haji
                                                                                                Fisabilillah Airport began operations.



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2017                                                                    2020



                 • Groundbreaking pembangunan
                   Bandara Internasional                                                 • Bandara Sentani Jayapura resmi
                   Yogyakarta Kulon Progo.                                                 dikelola oleh Perusahaan bekerja sama
                 • Pendirian Airport Operation Control                                     dengan Kementerian Perhubungan.
                   Center (AOCC) untuk mendukung                                         • Peresmian Bandara Internasional
                   Bandara Internasional Soekarno-Hatta                                    Yogyakarta Kulon Progo.
                   menjadi smart connected airport.                                      • Peluncuran konsep Adjacent
                 • Peresmian skytrain Bandara                                              Business untuk menjadi The Leading
                   Soekarno-Hatta.                                                         Indonesia’s Airport Company.
                 • Peresmian Silangit dan                                                • PT AP II pelopori Social Media
                   Terminal Ultimate Supadio.                                              Command Center di Sektor
                 • Serah terima pengelolaan                                                Penerbangan Nasional.
                   Bandara Banyuwangi oleh Unit                                          • Penerapan Sistem Manajemen
                   Penyelenggara Bandar Udara Ditjen                                       Anti-Penyuapan (SMAP)
                   Perhubungan Udara Kementerian                                           berstandar internasional.
                   Perhubungan kepada Perusahaan.                                        • Perusahaan mencatatkan Obligasi
                 • The groundbreaking for the                                              Berkelanjutan I Angkasa Pura
                   construction of Yogyakarta Kulon                                        Tahap II Tahun 2020 senilai Rp2,25
                   Progo International Airport.                                            triliun di Bursa Efek Indonesia.
                 • The establishment of the Airport                                      • Sentani Jayapura Airport was
                   Operation Control Center (AOCC) to                                      officially managed by the
                   support Soekarno-Hatta International                                    Company in cooperation with
                   Airport as a smart connected airport.                                   the Ministry of Transportation.
                 • Inauguration of the Soekarno-                                         • The inauguration of Yogyakarta
                   Hatta Airport elevated railway.                                         Kulon Progo International Airport.
                 • Inauguration of Silangit and the                                      • The launch of the Adjacent Business
                   Supadio Ultimate Terminal.                                              concept to become The Leading
                 • The transfer of Banyuwangi Airport                                      Indonesia’s Airport Company.
                   management from the Airport                                           • PT AP II pioneered the Social
                   Management Unit of the Directorate                                      Media Command Center in the
                   General of Civil Aviation, Ministry of                                  national aviation sector.
                   Transportation, to the Company.                                       • The implementation of an
                                                                                           international-standard Anti-Bribery
                                                                                           Management System (SMAP).
                                                                                         • The Company listed Continuing
                 Penerbitan obligasi melalui Penawaran
2018             Umum Berkelanjutan “Obligasi
                                                                                           Bonds I Angkasa Pura Phase II Year
                                                                                           2020, valued at Rp2.25 trillion, on
                 BerkeIanjutan I Tahun 2018”.                                              the Indonesia Stock Exchange.
                 The issuance of bonds through
                 the Continuing Public Offering
                 “Continuing Bonds I Year 2018.”




2019




                 Pengoperasian Kereta Api Bandara
                 di Bandara Adi Soemarmo Solo.
                 The operation of the Airport Train
                 at Adi Soemarmo Airport, Solo.




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        2025 Highlights         Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




        2021              • Pembentukan holding
                            BUMN PT Aviasi dan             2023
                            Pariwisata Indonesia
                            (Persero) atau InJourney,
                            serta perubahan status
                            PT Angkasa Pura I dan
                            PT Angkasa Pura II.
                          • Penandatanganan Kerja
                            Sama Pengelolaan (KSP)
                            Bandara Hang Nadim
                            Batam antara BP Batam
                            dengan konsorsium PT
                            Bandara Internasional
                            Batam sebagai Badan
                            Usaha Pelaksana (BUP)
                            yang dibentuk oleh joint
                            venture Perusahaan dengan
                            Incheon International
                            Airport Corporation dan PT
                            Wijaya Karya Tbk (Persero).
                          • Peluncuran Indonesia
                            Aviation Tourism Research                       • PT Angkasa Pura resmi mengoperasikan Bandara
                            & Learning Institute BUMN                         Internasional Kediri melalui penandatanganan Kerja
                            Center of Excellence Klaster                      Sama Operasi (KSO) dengan PT Surya Dhoho Investama.
                            Pariwisata dan Pendukung.                       • Bandara I Gusti Ngurah Rai Bali resmi melayani
                          • The formation of the SOE                          penerbangan komersial reguler pesawat komersial
                            holding company PT Aviasi                         terbesar dunia Airbus A-380 untuk rute Dubai-Bali-Dubai.
                            dan Pariwisata Indonesia                        • Perusahaan meluncurkan Airport Command
                            (Persero), or InJourney,                          Center multikendali di Bandara Soekarno-
                            and the change in status                          Hatta dan Aerobuddy sebagai platform artificial
                            of PT Angkasa Pura I and                          intelligence pertama di bandara Indonesia.
                            PT Angkasa Pura II.                             • PT Angkasa Pura officially began operating
                          • The signing of a Cooperation                      International Kediri Airport through the signing
                            Agreement for the                                 of an Operational Cooperation Agreement
                            management of Hang                                (KSO) with PT Surya Dhoho Investama.
                            Nadim Batam Airport                             • I Gusti Ngurah Rai Bali Airport officially began
                            between BP Batam and                              serving regular commercial flights of the
                            the consortium PT Bandara                         world’s largest commercial aircraft, the Airbus
                            Internasional Batam as the                        A-380, on the Dubai–Bali–Dubai route.
                            Implementing Business                           • The Company launched a multi-control Airport
                            Entity (BUP), formed                              Command Center at Soekarno-Hatta Airport
                            through a joint venture                           and Aerobuddy as the first artificial intelligence
                            between the Company,                              platform at an Indonesian airport.
                            Incheon International
                            Airport Corporation, and PT
                            Wijaya Karya Tbk (Persero).
                          • The launch of the Indonesia
                            Aviation Tourism Research
                            & Learning Institute, a
                            SOE Center of Excellence
                            for the Tourism and
                            Supporting Cluster.

                                                           2022
                                                                            • PT Bandara Internasional Batam resmi
                                                                              mengelola Bandara Hang Nadim Batam.
                                                                            • PT Angkasa Pura II dan GMR Airports Consortium
                                                                              menjalankan kemitraan strategis dengan
                                                                              menjadi pemegang saham di joint venture
                                                                              company yakni PT Angkasa Pura Aviasi, yang
                                                                              menjadi pengelola Bandara Kualanamu.
                                                                            • PT Bandara Internasional Batam officially began
                                                                              managing Hang Nadim Batam Airport.
                                                                            • PT Angkasa Pura II and the GMR Airports Consortium
                                                                              entered into a strategic partnership by becoming
                                                                              shareholders in a joint venture company, PT Angkasa
                                                                              Pura Aviasi, which manages Kualanamu Airport.




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2024




                PT Angkasa Pura II (AP II) berubah nama menjadi PT Angkasa Pura Indonesia atau InJourney
                Airports setelah menerima penggabungan PT Angkasa Pura I (AP I) melalui proses integrasi.
                PT Angkasa Pura II (AP II) changed its name to PT Angkasa Pura Indonesia or InJourney Airports
                after receiving the merger of PT Angkasa Pura I (AP I) through an integration process.




                                                                                                                       2025




                y Presiden Republik Indonesia meresmikan Terminal 2F Bandara Internasional Soekarno-
                  Hatta, Tangerang, sebagai terminal khusus haji dan umrah.
                y Kementerian Perhubungan menetapkan status 30 bandara PT Angkasa Pura Indonesia
                  sebagai bandara internasional.
                y Terminal 1C Bandara Internasional Soekarno-Hatta telah beroperasi secara penuh.
                y The President of the Republic of Indonesia inaugurated Terminal 2F of Soekarno-Hatta
                  International Airport, Tangerang, as a dedicated terminal for Hajj and Umrah.
                y The Ministry of Transportation designated 30 airports of PT Angkasa Pura Indonesia as
                  international airports.
                y Terminal 1C of Soekarno-Hatta International Airport has been fully operational.




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        2025 Highlights        Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      PRODUK, LAYANAN, DAN KEGIATAN USAHA
      PRODUCTS, SERVICES, AND BUSINESS ACTIVITIES



      Berdasarkan Anggaran Dasar, PT Angkasa Pura Indonesia               In accordance with its Articles of Association, PT Angkasa
      didirikan dengan maksud dan tujuan melakukan kegiatan               Pura Indonesia was established with the primary purpose
      usaha utama yaitu pelayanan jasa kebandarudaraan dan                of conducting core business activities in airport services
      pelayanan jasa terkait bandara, serta kegiatan usaha                and related airport services. Additionally, the Company
      dalam rangka optimalisasi pemanfaatan sumber daya                   is authorized to undertake business activities aimed at
      yang dimiliki Perusahaan yang berada di luar daerah                 optimizing the utilization of its resources beyond the
      lingkungan kerja bandara.                                           airport operational areas.




          Produk dan Layanan
      Products and Services


                          Jasa Kebandarudaraan
                          Airport Services

      PT Angkasa Pura Indonesia merupakan perusahaan yang                 PT Angkasa Pura Indonesia is a company engaged in the
      menjalankan bisnis pelayanan jasa kebandarudaraan.                  airport services business. The company fully understands
      Perusahaan sangat memahami betul pentingnya                         the importance of maintaining the quality of corporate
      menjaga kualitas kinerja perusahaan dan kepercayaan                 performance and public trust. The enhancement of service
      masyarakat. Peningkatan kualitas pelayanan yang                     quality provided by PT Angkasa Pura Indonesia through
      diberikan oleh PT Angkasa Pura Indonesia melalui                    the provision of comprehensive infrastructure and public
      berbagai penyediaan kelengkapan sarana dan prasarana                facilities within the airport environment contributes
      atau fasilitas umum di lingkungan bandara berdampak                 significantly to the level of comfort experienced by the
      terhadap      tingkat kenyamanan    yang    dirasakan               public as airport service users.
      masyarakat sebagai pengguna jasa bandara.

      Dalam menjalankan usahanya, PT Angkasa Pura                         In conducting its business, PT Angkasa Pura Indonesia
      Indonesia selalu mematuhi dan mengikuti berbagai                    consistently complies with and adheres to various
      regulasi maupun standar yang mengikat terkait dengan                binding regulations and standards related to air traffic
      pelayanan lalu lintas udara, baik yang berlaku secara               services, both internationally and nationally, as issued by
      internasional maupun nasional yang dikeluarkan                      the Ministry of Transportation through the Directorate
      oleh Kementerian Perhubungan melalui Direktorat                     General of Civil Aviation. These regulations and standards
      Jenderal Perhubungan Udara. Semua regulasi maupun                   are implemented to ensure flight safety, allowing all
      standar tersebut diberlakukan, agar aspek keselamatan               parties to experience comfort and peace of mind during
      penerbangan terpenuhi sehingga semua pihak dapat                    air travel.
      merasakan kenyamanan dan ketenangan selama
      penerbangan.




                          Jasa Terkait Bandara
                          Airport-Related Services

      PT Angkasa Pura Indonesia berkomitmen untuk                         PT Angkasa Pura Indonesia is committed to delivering
      menghadirkan layanan terbaik dengan menyediakan                     the best services by providing various modern airport-
      berbagai jasa terkait bandara yang modern, dilengkapi               related services, equipped with facilities supported by
      dengan fasilitas yang didukung dengan implementasi                  technological implementation, in order to ensure comfort
      teknologi, demi menciptakan kenyamanan bagi                         for users while in the airport environment.
      pengguna selama berada di lingkungan bandara.



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Perusahaan menawarkan berbagai layanan pendukung                         The Company offers a range of supporting services that
yang mendukung bisnis kebandarudaraan, dengan                            sustain airport business operations, aiming to ensure
tujuan memastikan aspek keamanan, keselamatan, dan                       safety, security, and comfort for all service users. These
kenyamanan bagi seluruh pengguna jasa. Layanan yang                      services include space, warehouse, and land rentals,
disediakan mencakup penyewaan ruang, gudang, lahan,                      as well as other facilities, concession activities, vehicle
dan fasilitas lainnya, serta kegiatan konsesioner, parkir                parking, airport pass management, and the provision of
kendaraan, pengelolaan pas bandara, hingga penyediaan                    land for buildings, yards, and industries that support the
lahan untuk keperluan bangunan, lapangan, dan industri                   smooth operation of air transportation.
yang mendukung kelancaran transportasi udara.

Selain itu, PT Angkasa Pura Indonesia juga menyediakan                   Additionally, PT Angkasa Pura Indonesia also provides
berbagai layanan operasional pendukung lainnya,                          various other operational support services such as airport
seperti layanan operasional bandara, penerbangan                         operations, Hajj flights, services for Indonesian Migrant
haji, Tenaga Kerja Indonesia, kargo, keamanan dan                        Workers (TKI), cargo, airport security and safety, Aircraft
keselamatan bandara, layanan Pertolongan Kecelakaan                      Accident Rescue and Firefighting Services (PKP-PK), and
Penerbangan dan Pemadam Kebakaran (PKP-PK), serta                        emergency response.
penanggulangan keadaan darurat.




                 Pelayanan Penerbangan Haji
                 Hajj Flight Services

Pelayanan angkutan udara jemaah haji bekerja sama                        Air transportation services for Hajj pilgrims is carried out
dengan instansi terkait antara lain: Kementerian Agama,                  in collaboration with relevant institutions, including the
maskapai penerbangan, penyedia jasa ground handling,                     Ministry of Religious Affairs, airlines, ground handling
dan CIQ (Custom, Immigration, Quarantine). Di tahun                      service providers, and CIQ (Customs, Immigration,
2025, embarkasi 205.418 jemaah haji dan debarkasi                        Quarantine). In 2025, the embarkation of 205,418 Hajj
204.579 jemaah haji dari 524 kelompok terbang (kloter)                   pilgrims and the debarkation of 204,579 Hajj pilgrims
telah dilayani oleh 13 bandara pada musim haji 2025.                     from 524 flight groups (kloter) were served by 13 airports
                                                                         during the 2025 Hajj season.




                 Pelayanan Bantuan Kargo
                 Cargo Handling Services

Bisnis pengiriman atau pengangkutan barang memiliki                      The freight forwarding and goods transportation
prospek usaha yang sangat strategis termasuk bisnis                      business offers highly strategic growth prospects,
pengiriman barang melalui angkutan udara (kargo).                        including air cargo services. Recognizing this significant
Peluang bisnis yang strategis ini, dimanfaatkan oleh                     opportunity, PT Angkasa Pura Indonesia began operating
PT Angkasa Pura Indonesia dengan mengoperasikan                          cargo terminals in 2007. PT Angkasa Pura Indonesia
terminal kargo yang dimulai sejak tahun 2007. PT Angkasa                 subsequently established a strategic business unit
Pura Indonesia membentuk unit bisnis strategis yang                      responsible for managing cargo services at each airport
mengelola pelayanan kargo di setiap bandara yang dikelola.               under its management.

Dalam rangka memastikan terpenuhinya aspek                               To ensure efficiency, security, and operational safety
kelancaran, keamanan dan keselamatan operasional                         throughout the cargo handling process (from
pengiriman barang dari mulai proses penggudangan                         warehousing to aircraft departure), PT Angkasa Pura
sampai dengan penerbangan, PT Angkasa Pura Indonesia                     Indonesia maintains strict oversight of compliance with
melakukan pengawasan kepatuhan terhadap prosedur                         applicable procedures and standards. The Company
dan standar yang berlaku. PT Angkasa Pura Indonesia                      also continuously strives to enhance the quality of cargo
melakukan upaya untuk meningkatkan kualitas                              services at its managed airports, including expanding
pelayanan kargo di bandara-bandara yang dikelola                         warehouse capacity to accommodate increasing
seperti peningkatan kapasitas pergudangan kargo yang                     transaction volumes.
dapat menampung peningkatan volume transaksi.




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        2025 Highlights        Management Report   About the Company         Management Discussion and Analysis    Corporate Governance




                          Keamanan dan Keselamatan Bandara
                          Airport Security and Safety

      PT Angkasa Pura Indonesia memiliki komitmen                       PT Angkasa Pura Indonesia demonstrates a strong
      yang tinggi atas terpenuhinya aspek keamanan dan                  commitment to ensuring airport security and safety
      keselamatan bandara dari segala bentuk ancaman                    against all forms of threats and disruptions that could
      dan gangguan yang dapat merugikan penumpang,                      harm passengers, airport users, or the Company
      pengguna jasa bandara maupun perusahaan sendiri.                  itself. This commitment is reflected in the provision
      Komitmen perusahaan tersebut diwujudkan dengan                    of comprehensive airport security and safety services.
      adanya     penyediaan     pelayanan   keamanan      dan           The Company has equipped the airports under its
      keselamatan bandara. Perusahaan telah melengkapi                  management with modern, high-technology security
      bandara-bandara yang dikelolanya dengan fasilitas                 facilities, including X-ray machines for baggage and cargo
      pengamanan yang modern dan berteknologi tinggi                    screening, walkthrough and handheld metal detectors,
      mulai dari peralatan X-ray untuk pemeriksaan bagasi dan           CCTV systems, perimeter fencing, and other supporting
      kargo, walkthrough dan handheld metal detector, sistem            infrastructure.
      CCTV, pagar perimeter, dan lain-lain.

      Pada aspek kualitas sumber daya manusia yang                      In terms of human resource quality, the Company
      bertanggung jawab atas keamanan dan keselamatan                   provides extensive training programs, ranging from
      di kawasan bandara, perusahaan telah memberikan                   theoretical knowledge to practical technical skills, to
      berbagai pelatihan baik yang bersifat pengetahuan sampai          personnel responsible for airport security and safety.
      pada keterampilan teknis di lapangan. Hal ini bertujuan           These initiatives are aimed at developing reliable and
      untuk membentuk personel keamanan yang handal dan                 professional security personnel capable of effectively
      profesional dalam menjalankan tugas-tugas operasional             carrying out airport security operations. From a staffing
      pengamanan bandara. Sedangkan pada aspek kuantitas                perspective, PT Angkasa Pura Indonesia also ensures
      personel pengamanan bandara, PT Angkasa Pura                      that the number of security personnel is increased
      Indonesia juga melakukan penambahan sesuai dengan                 in accordance with operational needs and prevailing
      kebutuhan dan standar pengamanan berlaku.                         security standards.

      Terkait dengan keamanan dan keselamatan bandara,                  With regard to airport security and safety, PT Angkasa Pura
      PT Angkasa Pura Indonesia juga selalu berkoordinasi               Indonesia maintains close coordination and collaboration
      dan bekerjasama dengan instansi Kepolisian Republik               with the Indonesian National Police and the Indonesian
      Indonesia dan Tentara Nasional Indonesia (TNI) untuk              National Armed Forces (TNI), both in providing training
      memberikan pelatihan kepada personel pengamanan                   to airport security personnel and in fostering a safe and
      bandara maupun untuk menciptakan suasana bandara                  comfortable airport environment.
      yang aman dan nyaman.




                          Pelayanan Pertolongan Kecelakaan Penerbangan
                          dan Pemadam Kebakaran (PKP-PK)
                          Aircraft Accident and Fire Rescue Services (PKP-PK)


      PT Angkasa Pura Indonesia sangat menyadari dalam                  PT Angkasa Pura Indonesia fully recognizes that
      pengelolaan bisnis jasa kebandarudaraan yang                      managing the airport services business, particularly those
      berhubungan dengan jasa lalu lintas penerbangan                   related to air traffic services, involves a high level of risk.
      memiliki tingkat risiko yang tinggi. Oleh karena itu,             Therefore, PT Angkasa Pura Indonesia has implemented
      PT Angkasa Pura Indonesia mempunyai program                       a service program aimed at minimizing and anticipating
      pelayanan yang bertujuan untuk meminimalisir                      the emergence of such risks through the Aircraft Rescue
      dan mengantisipasi munculnya risiko tersebut yaitu                and Fire Fighting (ARFF) service program.
      melalui program pelayanan Pertolongan Kecelakaan
      Penerbangan dan Pemadam Kebakaran (PKP-PK).

      PT Angkasa Pura Indonesia berupaya memastikan                     PT Angkasa Pura Indonesia strives to ensure that all
      bahwa semua infrastruktur dan fasilitas yang terkait              infrastructure and facilities related to the ARFF program
      dengan program PKP-PK dalam kondisi yang siap siaga               are in a state of readiness and functioning optimally.
      dan berfungsi secara optimal. Upaya yang dilakukan                The Company undertakes continuous improvements



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perusahaan perbaikan dan peningkatan kelengkapan                         and upgrades of the facilities as well as the replacement
fasilitas maupun penggantian atau peremajaan                             or renewal of ARFF operational vehicles at each airport,
kendaraan operasional PKP-PK di setiap bandara                           including foam tender, rescue intervention vehicle (rapid
antara lain foam tender, rescue invention vehicle (rapid                 car), ambulance, and commando car, in accordance with
car), ambulance, serta commando car, sesuai dengan                       applicable regulations and standards.
ketentuan dan standar yang berlaku.

Di samping peningkatan kualitas fasilitas dan                            In addition to enhancing the quality of ARFF facilities
infrastruktur PKP-PK, PT Angkasa Pura Indonesia juga                     and infrastructure, PT Angkasa Pura Indonesia also
meningkatkan kapabilitas pelayanan PKP-PK melalui                        strengthens ARFF service capabilities by improving
pemenuhan kualitas maupun kuantitas personel PKP-                        both the quality and quantity of ARFF personnel. To
PK. Dalam rangka pemenuhan kualitas personil PKP-                        ensure personnel quality, the Company collaborates
PK, PT Angkasa Pura Indonesia bekerja sama dengan                        with government agencies such as the Fire Department
instansi pemerintah seperti Dinas Pemadam Kebakaran                      to provide training programs aimed at enhancing the
dengan memberikan pelatihan-pelatihan yang dapat                         competence of ARFF personnel. In terms of procedural
meningkatkan kompetensi personel PKP-PK. Pada aspek                      compliance, the Company also conducts evaluations and
kepatuhan terhadap prosedur, perusahaan melakukan                        assessments to measure the quality of ARFF services in
kajian maupun penilaian untuk mengukur kualitas                          responding to any incidents that may occur.
pelayanan PKP-PK dalam merespons setiap kecelakaan
yang terjadi.



                 Layanan Penanggulangan Kegawatdaruratan
                 Emergency Response Services


Kesiapan bandara menghadapi kemungkinan terjadinya                       The readiness of airports to respond to potential aircraft
kecelakaan pesawat udara, memiliki dampak yang                           accidents has a highly significant impact in preventing
sangat signifikan dalam mencegah atau meminimalkan                       or minimizing the loss of life and material damage. This
timbulnya kerugian jiwa maupun material. Kesiapan                        readiness depends on the condition of the airport in
ini bergantung pada kondisi bandara atas ketersediaan                    terms of the availability of adequate facilities, supported
fasilitas yang    memadai,   yang    didukung    oleh                    by reliable and well-trained personnel in handling
personel handal dan telah terlatih dalam melakukan                       emergency situations.
penanggulangan gawat darurat.

PT    Angkasa      Pura   Indonesia   melalui   layanan                  PT Angkasa Pura Indonesia, through its emergency
penanggulangan gawat darurat berupaya untuk                              response services, strives to provide a swift response
memberikan respons yang cepat atas terjadinya                            to aircraft accidents. To this end, PT Angkasa Pura
kecelakaan pesawat udara. Untuk itu, PT Angkasa Pura                     Indonesia ensures that all airports under its management
Indonesia memastikan bahwa seluruh bandara yang                          have conducted emergency response training and are
dikelolanya telah melakukan pelatihan-pelatihan tentang                  equipped with the necessary facilities and supporting
penanggulangan gawat darurat serta melengkapi                            elements.
berbagai fasilitas dan unsur-unsur penunjangnya.

Dalam rangka penanggulangan gawat darurat,                               In handling emergencies, PT Angkasa Pura Indonesia
PT Angkasa Pura Indonesia bekerja sama dan                               collaborates and coordinates with various parties
berkoordinasi dengan berbagai unsur dan instansi                         and agencies that are part of the Airport Emergency
yang tergabung dalam Airport Emergency Committee                         Committee (AEC) in accordance with the procedures and
(AEC) sesuai prosedur atau standar dalam dokumen                         standards outlined in the Airport Emergency Plan (AEP).
Airport Emergency Plan (AEP).




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        2025 Highlights        Management Report    About the Company        Management Discussion and Analysis   Corporate Governance




           Kegiatan Usaha
      Business Activities


                          Kegiatan Utama
                          Main Activities

      Kegiatan Usaha Utama yang Dijalankan Sesuai dengan                 The Company’s Main Business Activities, as stipulated in
      Anggaran Dasar adalah sebagai berikut:                             its Articles of Association, are as follows:

      A. Pelayanan Jasa Kebandarudaraan                                  A. Airport Services
      Meliputi pelayanan jasa pesawat udara, penumpang,                  This includes services for aircraft, passengers, cargo, and
      barang, dan pos, yang terdiri atas:                                mail, comprising:
      1. Penyediaan, pengusahaan, dan/atau pengembangan                  1. The provision, operation, and/or development of
         fasilitas untuk kegiatan pelayanan pendaratan, lepas               facilities for aircraft landing, take-off, maneuvering,
         landas, manuver, parkir, dan penyimpanan pesawat                   parking, and storage.
         udara.
      2. Penyediaan, pengusahaan, dan/atau pengembangan                  2. The provision, operation, and/or development of
         fasilitas terminal untuk pelayanan angkutan                        terminal facilities for passenger, cargo, and mail
         penumpang, kargo, dan pos.                                         transportation services.
      3. Penyediaan, pengusahaan, dan/atau pengembangan                  3. The provision, operation, and/or development
         fasilitas elektronika, listrik, air, dan instalasi limbah          of electronic, electrical, water supply, and waste
         buangan.                                                           management installations.
      4. Penyediaan, pengusahaan, dan/atau pengembangan                  4. The provision, operation, and/or development of land
         lahan untuk bangunan, lapangan, dan kawasan                        for buildings, airfields, industrial areas, and other
         industri serta gedung atau bangunan yang                           structures related to the smooth operation of air
         berhubungan dengan kelancaran angkutan udara.                      transportation.

      B. Pelayanan Jasa Terkait Bandara                                  B. Airport-Related Services
      Meliputi kegiatan sebagai berikut:                                 This includes the following activities:
      1. Jasa Terkait untuk Menunjang Kegiatan Pelayanan                 1. Services Supporting Aircraft Operations at the Airport
         Operasi Pesawat Udara di Bandara
         a. Penyediaan hanggar pesawat udara.                               a.   Provision of aircraft hangars.
         b. Perbengkelan pesawat udara.                                     b.   Aircraft maintenance and repair workshops.
         c. Pergudangan.                                                    c.   Warehousing services.
         d. Katering pesawat udara.                                         d.   In-flight catering services.
         e. Pelayanan teknis penanganan pesawat udara di                    e.   Aircraft ground handling services.
            darat (ground handling).
         f. Pelayanan penumpang dan bagasi.                                 f. Passenger and baggage handling services.
         g. Penanganan kargo dan pos.                                       g. Cargo and mail handling services.
         h. Pelayanan jasa load control.                                    h. Load control services.
         i. Komunikasi dan operasi penerbangan di darat.                    i. Ground communication and flight operation
                                                                               services.
         j. Pelayanan jasa pengamanan.                                      j. Security services.
         k. Pelayanan penyediaan dan/atau pendistribusian                   k. Provision and/or distribution of aviation fuel.
            bahan bakar pesawat udara.

      2. Jasa Terkait untuk Menunjang Kegiatan Pelayanan                 2. Services Supporting Passenger and Cargo Activities
         Penumpang dan Barang
         a. Penyediaan penginapan/hotel dan transit hotel.                  a. Provision of accommodation/hotels and transit
                                                                               hotels.
         b.   Penyediaan toko dan restoran.                                 b. Retail shops and restaurants.
         c.   Penyimpanan kendaraan bermotor.                               c. Motor vehicle parking facilities.
         d.   Pelayanan kesehatan.                                          d. Healthcare services.
         e.   Perbankan dan/atau penukaran uang.                            e. Banking and/or money exchange services.
         f.   Transportasi darat.                                           f. Land transportation services.




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   g. Perawatan pada umumnya (kegiatan jasa yang                             g. General maintenance services (including cleaning
      melayani pembersihan dan/atau pemeliharaan                                and building maintenance services).
      gedung dan perkantoran/maintenance building).

3. Jasa Terkait untuk Memberikan Nilai Tambah bagi                       3. Services Providing Added Value to the Airport
   Perusahaan Bandara                                                       Company
   a. Penyediaan tempat bermain dan rekreasi.                               a. Recreational and playground facilities.
   b. Penyediaan fasilitas perkantoran.                                     b. Office facilities.
   c. Penyediaan fasilitas olahraga.                                        c. Sports facilities.
   d. Penyediaan fasilitas pendidikan dan pelatihan.                        d. Education and training facilities.
   e. Penjualan/pengisian bahan bakar dan/atau                              e. Sale/supply of motor vehicle fuel and/or lubricants.
      pelumas kendaraan bermotor.
   f. Periklanan.                                                            f. Advertising services.
   g. Jasa pelayanan telekomunikasi.                                         g. Telecommunication services.
   h. Jasa alur wisata.                                                      h. Tourism route services.
   i. Agen perjalanan.                                                       i. Travel agency services.
   j. Penitipan barang.                                                      j. Left luggage services.
   k. Lounge dan/atau VIP room.                                              k. Lounge and/or VIP room services.
   l. Beauty salon.                                                          l. Beauty salon services.
   m. Agrobisnis service.                                                    m. Agribusiness services.
   n. Nursery.                                                               n. Nursery services.
   o. Asuransi.                                                              o. Insurance services.
   p. Vending machine.                                                       p. Vending machines.
   q. Perkeretaapian khusus.                                                 q. Dedicated railway services.
   r. Jasa lainnya yang secara langsung atau tidak                           r. Other services that directly or indirectly provide
      langsung memberikan nilai tambah bagi kegiatan                            added value to airport operations.
      bandara.




                 Kegiatan Penunjang
                 Supporting Activities

Kegiatan usaha penunjang yang bertujuan untuk                            Supporting business activities aimed at optimizing the
mengoptimalkan pemanfaatan sumber daya PT Angkasa                        utilization of PT Angkasa Pura Indonesia’s resources
Pura Indonesia di luar area operasional bandara mencakup                 outside the airport operational areas include the
sektor properti, pergudangan, dan perkantoran, serta                     property, warehousing, and office sectors, as well as the
pengembangan perhotelan, perumahan, apartemen,                           development of hotels, housing estates, apartments, and
dan pusat jual beli kendaraan beserta bengkel.                           vehicle sales centers along with their workshops.

Selain itu, kegiatan usaha penunjang juga meliputi                       In addition, these supporting activities encompass
restoran, stasiun pengisian bahan bakar umum (SPBU),                     restaurants, public fuel filling stations (SPBU), shopping
pusat perbelanjaan, bisnis pariwisata dan resort, fasilitas              centers, tourism and resort businesses, sports and
olahraga dan rekreasi, rumah sakit, serta kegiatan di                    recreational facilities, hospitals, as well as initiatives in the
bidang pendidikan dan penelitian.                                        fields of education and research.

Lebih     lanjut,   kegiatan    tersebut     mencakup                    Furthermore, such activities include the development
pengembangan infrastruktur telekomunikasi dan energi,                    of telecommunications and energy infrastructure, along
serta layanan penyewaan dan pengelolaan usaha atas                       with leasing and business management services for
sarana dan prasarana yang dimiliki oleh PT Angkasa Pura                  facilities and infrastructure owned by PT Angkasa Pura
Indonesia. Optimalisasi pemanfaatan dana PT Angkasa                      Indonesia. The optimization of the Company’s funds
Pura Indonesia juga dilakukan melalui instrumen pasar                    is also carried out through capital market and money
modal dan pasar uang.                                                    market instruments.




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        2025 Highlights     Management Report     About the Company         Management Discussion and Analysis        Corporate Governance




      WILAYAH OPERASIONAL
      OPERATIONAL AREA




                                                                                                                 Regional VI
                                                                                                                  Region VI




                           Regional III
                            Region III




                                                                       Regional I
                                                                        Region I
                                                                                                     Regional IV
                                                                                                      Region IV
                                                                                                                                        Regional II
                    Bandara Udara                                                                                                        Region II
                    Airport




                                                        Unit Kerja                                  Status                  Lokasi
                               No
                                                       Working Unit                                 Status                Location

                                1   InJourney Airports Center                                Kantor Pusat             Banten
                                    InJourney Airports Center                                Head Office              Banten


           REGIONAL I | REGION I
                                2   Bandara Internasional Soekarno-Hatta Tangerang           Kantor Cabang            Banten
                                    Soekarno-Hatta International Airport Tangerang           Branch Office            Banten

                                3   Bandara Internasional Halim Perdanakusuma Kantor Cabang                           Jakarta
                                    Jakarta                                              Branch Office                Jakarta
                                    Halim Perdanakusuma International Airport Jakarta
                                    (Kerjasama Operasi (KSO) Bandara Internasional
                                    Halim Perdanakusuma antara PT Angkasa Pura
                                    Indonesia dan PT Angkasa Transportindo Selaras
                                    (ATS)
                                    Joint Operation (JO) of Halim Perdanakusuma
                                    International Airport between PT Angkasa Pura
                                    Indonesia and PT Angkasa Transportindo Selaras (ATS)


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                                                                               Regional V
                                                                                Region V




                                                      Unit Kerja                                 Status             Lokasi
                            No
                                                    Working Unit                                 Status            Location

                             4    Bandara Internasional Kertajati Majalengka                Kantor Cabang      Jawa Barat
                                  Kertajati International Airport Majalengka                Branch Office      West Java
                                  (Perusahaan sebagai operator bandara melalui
                                  Perjanjian Kerjasama Penyelenggaraan Jasa
                                  Kebandarudaraan dengan PT Bandarudara
                                  Internasional Jawa Barat (PT BIJB) ӏ The Company
                                  acts as the airport operator through an Airport
                                  Service Operation Cooperation Agreement with PT
                                  Bandarudara Internasional Jawa Barat (PT BIJB)

                             5    Bandara Husein Sastranegara Bandung                       Kantor Cabang      Jawa Barat
                                  Husein Sastranegara Airport Bandung                       Branch Office      West Java




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        2025 Highlights   Management Report        About the Company      Management Discussion and Analysis   Corporate Governance




                                                         Unit Kerja                               Status               Lokasi
                             No
                                                       Working Unit                               Status              Location


           REGIONAL II | REGION II
                              6    Bandara Internasional I Gusti Ngurah Rai Bali           Kantor Cabang       Bali
                                   I Gusti Ngurah Rai International Airport Bali           Branch Office       Bali

                              7    Bandara Internasional Zainuddin                         Kantor Cabang       Nusa Tenggara
                                   Abdul Madjid Lombok                                     Branch Office       Barat
                                   Zainuddin Abdul Madjid                                                      West Nusa
                                   Internasional Airport Lombok                                                Tenggara

                              8    Bandara Internasional Banyuwangi                        Kantor Cabang       Jawa Timur
                                   Banyuwangi International Airport                        Branch Office       East Java

                              9    Bandara Internasional El Tari                           Kantor Cabang       Nusa Tenggara
                                   El Tari International Airport Kupang                    Branch Office       Timur
                                                                                                               East Nusa
                                                                                                               Tenggara


           REGIONAL III | REGION III
                              10   Bandara Internasional Hang Nadim Batam                  Kantor Cabang       Kepulauan Riau
                                   Hang Nadim Internasional Airport Batam                  Branch Office       Riau Islands
                                   (Dioperasikan oleh PT Bandara Internasional
                                   Batam, entitas ventura bersama ӏ Operated by PT
                                   Bandara Internasional Batam, a joint venture entity)

                              11   Bandara Internasional Sultan                            Kantor Cabang       Aceh
                                   Iskandar Muda Banda Aceh                                Branch Office       Aceh
                                   Sultan Iskandar Muda Internasional
                                   Airport Banda Aceh

                              12   Bandara Internasional Sultan                            Kantor Cabang       Riau
                                   Syarif Kasim II Pekanbaru                               Branch Office       Riau
                                   Sultan Syarif Kasim II Internasional
                                   Airport Pekanbaru

                              13   Bandara Internasional Minangkabau Padang                Kantor Cabang       Sumatra Barat
                                   Minangkabau Internasional Airport Padang                Branch Office       West Sumatra

                              14   Bandara Internasional Kualanamu Deli Serdang            Kantor Cabang       Sumatra Utara
                                   Kualanamu International Airport Deli Serdang            Branch Office       North Sumatra
                                   (Dioperasikan oleh PT Angkasa Pura
                                   Aviasi, entitas anak ӏ Operated by PT
                                   Angkasa Pura Aviasi, a subsidiary)

                              15   Bandara Depati Amir Pangkal Pinang                      Kantor Cabang       Bangka Belitung
                                   Depati Amir Airport Pangkal Pinang                      Branch Office       Bangka Belitung

                              16   Bandara Internasional H.A.S.                            Kantor Cabang       Bangka Belitung
                                   Hanandjoeddin Tanjung Pandan                            Branch Office       Bangka Belitung
                                   H.A.S. Hanandjoeddin International
                                   Airport Tanjung Pandan

                              17   Bandara Fatmawati Soekarno Bengkulu                     Kantor Cabang       Bengkulu
                                   Fatmawati Soekarno Airport Bengkulu                     Branch Office       Bengkulu

                              18   Bandara Sultan Thaha Jambi                              Kantor Cabang       Jambi
                                   Sultan Thaha Airport Jambi                              Branch Office       Jambi

                              19   Bandara Internasional Raja Haji                         Kantor Cabang       Kepulauan Riau
                                   Fisabilillah Tanjung Pinang                             Branch Office       Riau Islands
                                   Raja Haji Fisabilillah International
                                   Airport Tanjung Pinang

                             20    Bandara Internasional Radin                             Kantor Cabang       Lampung
                                   Inten II Bandar Lampung                                 Branch Office       Lampung
                                   Radin Inten II International
                                   Airport Bandar Lampung

                              21   Bandara Internasional Sultan Mahmud                     Kantor Cabang       Sumatra Selatan
                                   Badaruddin II Palembang                                 Branch Office       South Sumatra
                                   Sultan Mahmud Badaruddin II
                                   International Airport Palembang


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Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




                                                       Unit Kerja                                 Status             Lokasi
                            No
                                                     Working Unit                                 Status            Location

                            22    Bandara Internasional Raja                                Kantor Cabang       Sumatra Utara
                                  Sisingamangaraja XII Tapanuli Utara                       Branch Office       North Sumatra
                                  Raja Sisingamangaraja XII International
                                  Airport Tapanuli Utara


   REGIONAL IV | REGION IV
                            23    Bandara Internasional Juanda Surabaya                     Kantor Cabang       Jawa Timur
                                  Juanda International Airport Surabaya                     Branch Office       East Java

                            24    Bandara Internasional Yogyakarta Kulon Progo              Kantor Cabang       D.I. Yogyakarta
                                  Yogyakarta International Airport Kulon Progo              Branch Office       Special Region
                                                                                                                of Yogyakarta

                            25    Bandara Jenderal Besar Soedirman Purbalingga              Kantor Cabang       Jawa Tengah
                                  Jenderal Besar Soedirman Airport Purbalingga              Branch Office       Central Java

                            26    Bandara Internasional Adi Soemarmo Solo                   Kantor Cabang       Jawa Tengah
                                  Adi Soemarmo International Airport Solo                   Branch Office       Central Java

                            27    Bandara Internasional Jenderal                            Kantor Cabang       Jawa Tengah
                                  Ahmad Yani Semarang                                       Branch Office       Central Java
                                  Jenderal Ahmad Yani International
                                  Airport Semarang

                            28    Bandara Internasional Kediri                              Kantor Cabang       Jawa Timur
                                  International Airport Kediri                              Branch Office       East Java
                                  (Kerja Sama Operasi (KSO) dengan PT
                                  Suryo Dhoho Investama ӏ Joint Venture
                                  (JO) with PT Suryo Dhoho Investama)

                            29    Bandara Adisutjipto Yogyakarta                            Kantor Cabang       D.I. Yogyakarta
                                  Adisutjipto Airport Yogyakarta                            Branch Office       Special Region
                                                                                                                of Yogyakarta


   REGIONAL V | REGION V
                            30    Bandara Internasional Sam Ratulangi Manado                Kantor Cabang       Sulawesi Utara
                                  Sam Ratulangi International Airport Manado                Branch Office       North Sulawesi

                            31    Bandara Internasional Sultan                              Kantor Cabang       Sulawesi Selatan
                                  Hasanuddin Makassar                                       Branch Office       South Sulawesi
                                  Sultan Hasanuddin International Airport Makassar

                            32    Bandara Internasional Sentani Jayapura                    Kantor Cabang       Papua
                                  Sentani International Airport Jayapura                    Branch Office       Papua

                            33    Bandara Internasional Pattimura Ambon                     Kantor Cabang       Maluku
                                  Pattimura International Airport Ambon                     Branch Office       Maluku

                            34    Bandara Internasional Frans Kaisiepo Biak                 Kantor Cabang       Papua
                                  Frans Kaisiepo International Airport Biak                 Branch Office       Papua


   REGIONAL VI | REGION VI
                            35    Bandara Internasional SAMS                                Kantor Cabang       Kalimantan
                                  Sepinggan Balikpapan                                      Branch Office       Timur
                                  SAMS Sepinggan International Airport Balikpapan                               East Kalimantan

                            36    Bandara Internasional Syamsudin                           Kantor Cabang       Kalimantan
                                  Noor Banjarmasin                                          Branch Office       Selatan
                                  Syamsudin Noor International Airport Banjarmasin                              South
                                                                                                                Kalimantan

                            37    Bandara Tjilik Riwut Palangkaraya                         Kantor Cabang       Kalimantan
                                  Tjilik Riwut Airport Palangkaraya                         Branch Office       Tengah
                                                                                                                Central
                                                                                                                Kalimantan

                            38    Bandara Internasional Supadio Pontianak                   Kantor Cabang       Kalimantan
                                  Supadio International Airport Pontianak                   Branch Office       Barat
                                                                                                                West Kalimantan



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        Ikhtisar 2025         Laporan Manajemen           Tentang Perusahaan       Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
        2025 Highlights       Management Report           About the Company        Management Discussion and Analysis          Corporate Governance




      PROFIL BANDARA
      PROFILE OF AIRPORTS



       No        Bandara              Jalur                        Taxiway                       Apron                  Terminal Penumpang
                  Airport            Runway                                                                              Passenger Terminal

                                    Dimensi                          Luas                        Luas                Luas               Kapasitas
                                   Dimension                       Area (m²)                   Area (m²)           Area (m²)          (penumpang/
                                  (p x l) & PCR/                                                                                        per tahun)
                                       PCN                                                                                               Capacity
                                                                                                                                       (passenger/
                                                                                                                                         per year)


      Region | Regional I
        1   Bandara              Dimensi           RAPID EXIT TAXIWAY (RET)                 T1 : 289.695 m²    T1 : 115.790 m²       T1: 20,1 juta |
            Internasional        Dimension         Runway Utara (25R/07L): N3, N4, N5,      T2 : 353.388 m²    T2 : 189.094 m²       million
            Soekarno Hatta       South : 3600 m    N6, N7 = 36 m                            T3 : 481.673 m²    (Revitalization2F)    T2 : 25 juta |
            Tanggerang           x 60 m            Runway Selatan (25L/07R): S3, S4, S5,    Cargo : 46.800     T3 : 358.703 m²       million
                                 North : 3660 m    S6, S7 = 36 m                            m²                                       T3 : 33,3 juta
            Soekarno Hatta       x 60 m            Runway 3 (24/06): m², M7 = 25 m          New Cargo :                              | million
            International        Runway 3 : 3000                                            152.025 m²
            Airport              m x 60 m          EXIT TAXIWAY
            Tanggerang                             North Runway :
                                 PCR                 N1 = 36 m
                                 South : 1200        N2 = 23 m
                                 R/D/X/U             N8 = 36 m
                                 North : 1200        N9 = 77.5 m
                                 R/D/X/U           South Runway :
                                 Runway              S1 = 84 m
                                 3 (24/06) :         S2 = 40 m
                                 790/F/C/X/U         S8 = 40 m
                                                     S9 = 85 m
                                                   Runway 3 (per 24 June):
                                                     M1, M8 = 25 m

                                                   TAXIWAY PARALLEL
                                                   SP1, SP2 = 23 m
                                                   NP1, NP2 = 23 m
                                                   NP3 = 25 m
                                                   WC1, WC2 = 23 m
                                                   EC1, EC2 = 25 m

                                                   INTERSECTION TAXIWAY
                                                   Sisi Utara :
                                                     NC1–NC7, NCY, NPW, NPE = 23 m
                                                     N3M, N4M, N6M, N7M, N8M = 25 m
                                                   Sisi Selatan :
                                                     SC1–SC9, SCX = 23 m
                                                     SPE, SPW, NPE, NPW = 25 m

       2    Bandara              PCR               TW A = 151 x 24 m                        North = 710,3 x    22.725 m²             2,5 juta | million
            Internasional        789,97 F/C/X/U    TW B = 151 x 24 m                        125 m
            Halim                                  TW C = 259 x 25 m
            Perdanakusuma                          TW G = 150 x 30 m                        South = 469,5 x
            Jakarta                                TW H = 150 x 30 m                        135 m

            Halim
            Perdanakusuma
            International
            Airport Jakarta

       3    Bandara              Dimensi           25 m                                     576 x 151 m        96.280 m²             5,6 juta | million
            Internasional        Dimension
            Kertajati            3.000 x 60 m
            Majalengka           PCR
                                 (PCR 790
            Kertajati            F/C/X/U)
            International
            Airport Majalengka




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     Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




No            Bandara                Jalur                            Taxiway                       Apron                Terminal Penumpang
               Airport              Runway                                                                                Passenger Terminal

                                    Dimensi                             Luas                         Luas                Luas         Kapasitas
                                   Dimension                          Area (m²)                    Area (m²)           Area (m²)    (penumpang/
                                  (p x l) & PCR/                                                                                      per tahun)
                                       PCN                                                                                             Capacity
                                                                                                                                     (passenger/
                                                                                                                                       per year)

 4      Bandara Husein          Dimensi               Paralel Taxiway A = 976 m x 20 m          34.415 m²          17.920 m²        3,4 juta | million
        Sastranegara            Dimension             Taxiway B = 102 m x 20 m
        Bandung                 2.220 m x 45 m        Taxiway C = 100 m x 18 m
                                                      Taxiway D = 100 m x 25 m
        Husein                  PCR
        Sastranegara            380 F/C/X/U
        Airport Bandung


Region | Regional II
 1      Bandara                 Dimensi               North Apron             North Apron       North Apron        Domestik         Domestik &
        Internasional           Dimension             Apron Taxiway           1.856,9 x 59,14   Area:              Domestic:        Internasional
        I Gusti Ngurah Rai      3000 m x 45 m         Apron Taxiway NW 6      388,41 x 53,90    419.959,24 m²      67.884 m²        Domestic &
        Bali                                          Apron Taxiway NW 7      304,44 x 57,53                                        International :
                                PCR                   Taxiway N1              160 x 26,5        South Apron        Internasional
        I Gusti Ngurah          770/F/X/U             Taxiway N2              148 x 30          Area: 55.756 m²    International:   32 juta | million
        Rai International                             Taxiway N3              148 x 30                             128.626 m²
        Airport Bali                                  Taxiway N4              232 x 30
                                                      Taxiway N5              232 x 30
                                                      Taxiway N6              280 x 23
                                                      Taxiway N7              210 x 26,50
                                                      Taxiway NP              405 x 23
                                                      Taxiway NP7             790 x 23

                                                      South Apron             South Apron
                                                      Apron Taxiway           588 x 51
                                                      Taxiway S1              238,16 x 30
                                                      Taxiway S2              287.79 x 30

 2      Bandara                 Dimensi               Taxiway A               196 x 23          133.967 m²         47.679 m²        7 juta | million
        Internasional           Dimension             Taxiway B               270 x 23
        Zainuddin Abdul         3.300 m x 45 m        Taxiway C               371,10 x 23
        Madjid Lombok                                 Taxiway SP              1187 x 23
                                PCR
        Zainuddin               580 F/A/X/U
        Abdul Madjid
        International
        Airport Lombok

 3      Bandara                 Dimensi               TW C = 140,35 x 15 m                      180 x 80 m         16.015 m²        0,7 juta | million
        Internasional           Dimension             TW D = 73 x 18 m                          (14.400 m²)
        Banyuwangi              2.450 m x 45 m        TW E = 143,80 x 23 m                      120 x 40 m
                                                                                                (4.800 m²)
        Banyuwangi              PCR                                                             33 x 42 m (1.386
        International           450 F/C/X/U                                                     m²)
        Airport                                                                                 35 x 43 m (1.505
                                                                                                m²)


 4      Bandara                 Dimensi               Taxiway A               202,5 x 23        56.917 m²          16.424 m²        2,8 juta | million
        Internasional El        Dimension             Taxiway B               202,5 x 23
        Tari Kupang             2.500 m x 45 m

        El Tari                 PCR
        International           510 F/C/X/U
        Airport Kupang




                                                                                                PT Angkasa Pura Indonesia 2025 Annual Report             115
Page 116
            Ikhtisar 2025         Laporan Manajemen          Tentang Perusahaan     Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
            2025 Highlights       Management Report          About the Company      Management Discussion and Analysis          Corporate Governance




       No            Bandara              Jalur                         Taxiway                   Apron                  Terminal Penumpang
                      Airport            Runway                                                                           Passenger Terminal

                                         Dimensi                          Luas                    Luas                Luas               Kapasitas
                                        Dimension                       Area (m²)               Area (m²)           Area (m²)          (penumpang/
                                       (p x l) & PCR/                                                                                    per tahun)
                                            PCN                                                                                           Capacity
                                                                                                                                        (passenger/
                                                                                                                                          per year)


      Region | Regional III
        1      Bandara                Dimensi           TW A = 175 x 23 m                    400 x 160 m        24.436 m²             1,5 juta | million
               Internasional          Dimension         TW B = 175 x 23 m
               Sultan Iskandar        3.000 m x 45 m    TW C = 85 x 23 m
               Muda Banda Aceh                          TW D = 175 x 23 m
                                      PCR               TW WP = 1200 x 23 m
               Sultan Iskandar        750 F/C/X/U
               Muda International
               Airport Banda
               Aceh

       2       Bandara Sultan         Dimensi           TW A = 31,5 m                        476 m x 110 m      28.600 m²             3,2 juta | million
               Syarif Kasim II        Dimension         TW B = 31,5 m
               Pekanbaru              2.600 x 45 m      TW C = 23 m
                                      PCR
               Sultan Syarif          460 F/B/X/U
               Kasim II Airport
               Pekanbaru

       3       Bandara                Dimensi           TW A = 300 x 30 m                    Main Apron         21.127 m²             2,87 juta | million
               Internasional          Dimension         TW B = 300 x 30 m                    37.800 m²
               Minangkabau            3.000 m x 45 m    TW C = 305 x 23m                     Remote Apron
               Padang                                                                        42.750 m²
                                      PCR                                                    Remote Apron
               Minangkabau            790 F/C/X/U                                            6.750 m²
               International                                                                 Hanggar Apron
               Airport Padang                                                                13.250 m²

       4       Bandara                Dimensi           TW1 = 3.750 m x 30 m                 250.800 m²         139.395 m²            9 juta | million
               Internasional          Dimension         TW2 = 2.000 m x 30 m
               Kualanamu Deli         3.750 m x 60 m
               Serdang
                                      PCR
               Kualanamu              1480 F/B/X/T
               International
               Airport Deli
               Serdang

       5       Bandar Udara           Dimensi           TW A = 153 x 20 m                    410 m x 98 m       11.287 m²             1,5 juta | million
               Depati Amir            Dimension         TW B = 136 x 20 m
               Pangkalpinang          2.250 m x 45 m    TW C = 168 x 18 m
                                                        TW D = 124 x 23 m
               Depati Amir            PCR               TW E = 647 x 15 m
               Airport                460/F/B/X/U
               Pangkalpinang

       6       Bandara                Dimensi           TW A = 67,5 x 23 m                   235,6 m x 87,5     3.072 m²              0,7 juta | million
               Internasional H.A.S.   Dimension         TW B = 67,5 23 m                     m
               Hanandjoeddin          2.500 m x 45 m
               Tanjung Pandan         PCR
                                      410/F/C/X/U
               H.A.S.
               Hanandjoeddin
               International
               Airport Tanjung
               Pandan

       7       Bandara                Dimensi           TW A = 132,5 x 26 m                  375 x 80 m         4.470 m²              900 ribu |
               Fatmawati              Dimension         TW B = 130 x 23 m                                                             thousand
               Soekarno               2.250 m x 45 m
               Bengkulu               PCR
                                      410 F/C/X/U
               Fatmawati
               Soekarno Airport
               Bengkulu




116   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 117
 Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




No        Bandara                Jalur                           Taxiway                        Apron              Terminal Penumpang
           Airport              Runway                                                                              Passenger Terminal

                                Dimensi                           Luas                          Luas               Luas         Kapasitas
                               Dimension                        Area (m²)                     Area (m²)          Area (m²)    (penumpang/
                              (p x l) & PCR/                                                                                    per tahun)
                                   PCN                                                                                           Capacity
                                                                                                                               (passenger/
                                                                                                                                 per year)

8    Bandara Sultan         Dimensi               TW A = 23 m                               A = 268 x 74 m   16.814 m²        1,5 juta | million
     Thaha Jambi            Dimension             TW B = 23 m                               B = 123,75 x
                            2.602 m x 45 m        TW C = 23 m                               373,73 m
     Sultan Thaha
     Airport Jambi          PCR
                            460/F/B/X/U


9    Bandara                Dimensi               TW A = 118,65 x 21 m                      19.272 m²        8.737 m²         1,2 juta | million
     Internasional Raja     Dimension             TW B = 170,75 x 21 m
     Haji Fisabilillah      2.500 m x
     Tanjung Pinang
                            PCR
     Raja Haji              450 F/C/X/U
     Fisabilillah
     International
     Airport Tanjung
     Pinang

10   Bandara                Dimensi               TW A = 95 x 30 m                          656 m x 110 m    9321 m²          1 juta | million
     Internasional          Dimension             TW B = 95 x 23 m
     Radin Inten II         2.770 m x 45 m        TW C = 114 X 30 m
     Bandar Lampung                               TW D = 95 x 23 m
                            PCR
     Radin Inten II         570 F/C/X/U
     International
     Airport Bandar
     Lampung

11   Bandar Udara           Dimensi               TW Paralel 2500 x 30 m                                     34.000 m²        4 juta | million
     Sultan Mahmud          Dimension             TW A = 23 m
     Badaruddin II          3.000 x 45 m          TW B = 23 m
     Palembang              PCR                   TW C = 30 m
                            610 F/C/X/U           TW D = 23 m
     Sultan Mahmud                                TW E = 23 m
     Badaruddin II                                TW F = 23 m
     Airport Palembang

12   Bandara                Dimensi               TW A = 75 x 15 m                          14.400 m²        2.753 m²         0,7 juta | million
     Internasional Raja     Dimension             TW B = 123,5 x 23 m
     Sisingamangaraja       2.650 m x 30 m        TW C = 123,5 x 23 m
     XII Tapanuli Utara
                            PCR
     Raja                   360/F/C/X/U
     Sisingamangaraja
     XII International
     Airport Tapanuli
     Utara

13   Bandara                Dimensi               Taxiway A = 148 x 23 m                    A = 255 x 59 m  Domestik          Domestik
     Internasional Hang     Dimension             Taxiway B = 297 x 23 m                    B = 690 x 768 m Domestic:         Domestic:
     Nadim Batam            4.025 m x 45 m        Taxiway C = 297 x 23 m                    C = 240 x 150 m 22.596 m²         1,3 juta | million
                                                  Taxiway D = 171 x 23 m
     Hang Nadim             PCR                   Taxiway E = 2.800 x 23 m                                   Internasional    Internasional
     International          85 F/C/X/T            Taxiway F = 140 x 23 m                                     International:   International:
     Airport Batam                                Taxiway G = 190 x 10 m                                     5.058 m²         1.444
                                                  Taxiway H = 40 x 10 m
                                                  Taxiway I = 60 x 36 m
                                                  Taxiway J = 235 x 24 m




                                                                                            PT Angkasa Pura Indonesia 2025 Annual Report           117
Page 118
            Ikhtisar 2025           Laporan Manajemen        Tentang Perusahaan           Diskusi dan Analisis Manajemen               Tata Kelola Perusahaan
            2025 Highlights         Management Report        About the Company            Management Discussion and Analysis           Corporate Governance




       No            Bandara               Jalur                       Taxiway                          Apron                  Terminal Penumpang
                      Airport             Runway                                                                                Passenger Terminal

                                          Dimensi                        Luas                           Luas                Luas                Kapasitas
                                         Dimension                     Area (m²)                      Area (m²)           Area (m²)           (penumpang/
                                        (p x l) & PCR/                                                                                          per tahun)
                                             PCN                                                                                                 Capacity
                                                                                                                                               (passenger/
                                                                                                                                                 per year)


      Region | Regional IV
        1      Bandara                Dimensi            North Apron           North Apron         Apron A (T2)       Domestik               Domestik &
               Internasional          Dimension          Taxiway N1            172 X 26,5          106.533,8 m²       Domestic:              Internasional
               Juanda Surabaya        3.000 m x 45 m     Taxiway N2            252 x 30                               102.742 m²             Domestic &
                                                         Taxiway N3N           212 x 30                                                      International :
               Juanda                 PCR                Taxiway N3S           154,5 x 30          Apron B (T1)       Internasional
               International          890 F/D/X/U        Taxiway N4            212 x 30            214.496 m²         International:         20,2 juta |
               Airport Surabaya                          Taxiway N5N           212 x 30                               46.982 m²              million
                                                         Taxiway N5S           180 x 30            Apron C
                                                         Taxiway N6            464 x 30            (Kargo)
                                                         Taxiway N7            T172 x 30           37.357,49 m²
                                                         Taxiway N8            128 x 30
                                                         Taxiway N9            125,05 x 30         TLOF FATO
                                                         Taxiway N10           125,05 x 30         (Helipad
                                                         Taxiway NP1           1.119 x 23          Aiming Point)
                                                         Taxiway NP2           2.843,5 x 30        936,40 m²

                                                         South Apron           South Apron
                                                         Taxiway S1            200 x 29
                                                         Taxiway S2N           187 x 32
                                                         Taxiway S2S           185 x 32
                                                         Taxiway S3N           187 x 28
                                                         Taxiway S3S           221 x 20
                                                         Taxiway S4N           187 x 32
                                                         Taxiway S4S           182 x 20
                                                         Taxiway S5            200 x 29
                                                         Taxiway S6            173 x 23
                                                         Taxiway SP1           425 x 20
                                                         Taxiway SP2           3.367,5 x 23

       2       Bandara                Dimensi            Taxiway A             198 x 23            175.517 m²         Domestik               Domestik &
               Internasional          Dimension          Taxiway B             198 x 23                               Domestic:              Internasional
               Yogyakarta Kulon       3.250 m x 45 m     Taxiway C             318 x 23                               165.675 m²             Domestic &
               Progo                                     Taxiway D             318 x 23                                                      International :
                                      PCN                Taxiway E             198 x 23                               Internasional
               Yogyakarta             89 F/C/X/T         Taxiway F             198 x 23                               International:         20,6 juta |
               International                             Taxiway G             3.430 x 45                             54.175 m²              million
               Airport Kulon                             Taxiway H             406,5 x 23
               Progo                                     Taxiway J             159,5 x 23
                                                         Taxiway K             454 x 23

       3       Bandara Jenderal       Dimensi            70 x 13 m                                 100 x 76 m         754 m²                 0,1 juta | million
               Besar Soedirman        Dimension
               Purbalingga            1.600 m x 30 m

               Jenderal Besar         PCR 260/F/C/
               Soedirman Airport      X/U
               Purbalingga

       4       Bandara                Dimensi            Taxiway A             240 x 23            88.051 m²          31.678 m²              4,6 juta | million
               Internasional Adi      Dimension          Taxiway B             240 x 23
               Soemarmo Solo          2.600m x 45 m

               Adi Soemarmo           PCR
               International          610 F/C/X/U
               Airpot Solo

       5       Bandara                Dimensi            Taxiway F             261,5 x 23          72.522,25 m²       61.138 m²              7,6 juta | million
               Internasional          Dimension          Taxiway G             261,5 x 23
               Jenderal Ahmad         2.560m x 45 m
               Yani Semarang
                                      PCR
               Jenderal Ahmad         520 F/D/X/U
               Yani International
               Airport Semarang




118   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 119
     Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
     Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




No            Bandara                Jalur                           Taxiway                        Apron             Terminal Penumpang
               Airport              Runway                                                                             Passenger Terminal

                                    Dimensi                           Luas                           Luas             Luas         Kapasitas
                                   Dimension                        Area (m²)                      Area (m²)        Area (m²)    (penumpang/
                                  (p x l) & PCR/                                                                                   per tahun)
                                       PCN                                                                                          Capacity
                                                                                                                                  (passenger/
                                                                                                                                    per year)

 6      Bandara                 Dimensi               Taxiway A               332 x 23          Apron A :       25.857 m²        1,5 juta | million
        Internasional           Dimension             Taxiway B               637 x 23          64.176,63 m²
        Kediri                  3.300 m x 45 m        Taxiway C               226 x 18          Apron B :
                                                                                                25.336 m²
        Kediri                  PCR
        International           790 F/C/X/T
        Airport

 7      Bandara                 Dimensi               Taxiway N2              153 x 23          21.276 m²       10.292 m²        3,6 juta |
        Adisutjipto             Dimension             Taxiway N3              102,5 x 30                                         million
        Yogyakarta              2.200 m x 45 m        Taxiway N4              120 x 23
                                                      Taxiway NP              380 x 23
        Adisutjipto Airport     PCR
        Yogyakarta              510 F/C/X/U


Region | Regional V
 1      Bandara                 Dimensi               Taxiway W1              150 x 29          79.559.35 m²    59.049 m²        7 juta | million
        Internasional Sam       Dimension             Taxiway W2              150 x 29
        Ratulangi Manado        2.650 m x 45 m        Taxiway W3              180,32 x 23
                                                      Taxiway W4              150 x 29
        Sam Ratulangi           PCR                   Taxiway WP              2.680 x 23
        International           630 F/C/X/U
        Airport Manado

 2      Bandara                 Dimensi               Taxiway Lama:                             North Apron     92.709 m²        15 juta | million
        Internasional           Dimension              - Taxiway A            158 x 23          Area : 69.147
        Sultan Hasanuddin       3.000 m x 45 m         - Taxiway B            217 x 26,5        m²
        Makassar                                       - Taxiway C            800 x 23
                                PCN                    - Taxiway SP (South    945 x 23          South Apron
        Sultan Hasanuddin       790 D/C/X/U           Parallel)                                 Area: 376.601
        International           dan                                                             m²
        Airport Makassar        570 F/C/X/U           Taxiway Baru:           3.363 x 23
                                                       - Taxiway WP (West     322 x 30
                                                      Parallel)               338 x 23
                                                       - Taxiway D            338 x 23
                                                       - Taxiway E            332 x 30
                                                       - Taxiway F            161 x 23
                                                       - Taxiway G            204 x 23
                                                       - Taxiway H            182 x 45
                                                       - Taxiway I            175 x 60
                                                       - Taxiway J
                                                       - Taxiway K

 3      Bandara                 Dimensi               Taxiway A               142 x 23          112.480 m²      14.350 m²        1,7 juta | million
        Internasional           Dimension             Taxiway B               200 x 23
        Sentani Jayapura        3.000 m x 45 m        Taxiway C               200 x 23
                                                      Taxiway D               142 x 23
        Sentani                 PCR                   Taxiway E               142 x 23
        International           580 F/A/X/T           Taxiway F               142x 23
        Airport Jayapura                              Taxiway NP              1898 x 23

 4      Bandara                 Dimensi               Taxiway A               443,5 x 23        40.747 m²       16.495 m²        2,2 juta | million
        Internasional           Dimension             Taxiway B               280 x 23
        Pattimura Ambon         2.500 m x 45 m        Taxiway C               210 x 23

        Pattimura               PCR
        International           580 F/C/X/T
        Airport Ambon

 5      Bandara                 Dimensi               Taxiway A               129 x 25          32.580 m²       2.998 m²         0,5 juta | million
        Internasional           Dimension             Taxiway B               94 x 30
        Frans Kaisiepo          3.570 m x 45 m        Taxiway C               95 x 25
        Biak
                                PCR
        Frans Kaisiepo          460 F/B/X/U
        International
        Airport Biak




                                                                                                PT Angkasa Pura Indonesia 2025 Annual Report          119
Page 120
            Ikhtisar 2025             Laporan Manajemen         Tentang Perusahaan           Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
            2025 Highlights           Management Report         About the Company            Management Discussion and Analysis          Corporate Governance




       No            Bandara                 Jalur                            Taxiway                      Apron                  Terminal Penumpang
                      Airport               Runway                                                                                 Passenger Terminal

                                            Dimensi                         Luas                           Luas                Luas               Kapasitas
                                           Dimension                      Area (m²)                      Area (m²)           Area (m²)          (penumpang/
                                          (p x l) & PCR/                                                                                          per tahun)
                                               PCN                                                                                                 Capacity
                                                                                                                                                 (passenger/
                                                                                                                                                   per year)


      Region | Regional VI
        1      Bandara                  Dimensi            Taxiway A                200 x 23          150.825 m²         110.954 m²            15,6 juta | million
               Internasional            Dimension          Taxiway A                68 x 33
               SAMS Sepinggan           2.500 m x 45 m     Taxiway B                153 x 23
               Balikpapan                                  Taxiway B                68 x 33
                                        PCN                Taxiway C                153 x 23
               SAMS Sepinggan           570/F/C/X/U        Taxiway D                153 x 23
               International                               Taxiway E                200 x 23
               Airport Balikpapan                          Taxiway F                68 x 33
                                                           Taxiway G                68 x 23
                                                           Taxiway NP               2390 x 23
                                                           (North Parallel)

       2       Bandara                  Dimensi            Taxiway A                224,8 x 23        West Apron         78.276 m²             10 juta | million
               Internasional            Dimension          Taxiway B                96,5 x 23         Area: 29.340
               Syamsudin Noor           2.560m x 45 m      Taxiway C                228,5 x 23        m²
               Banjarmasin                                 Taxiway D                228,5 x 23
                                        PCR                                                           East Apron
               Syamsudin Noor           490 F/B/X/U                                                   Area: 100.472
               International                                                                          m²
               Airport
               Banjarmasin

       3       Bandara                  Dimensi            129 m x 23 m                               Apron              29.139 m²             4 juta | million
               Tjilik Riwut             Dimension                                                     351 x 100 m
               Palangkaraya             2.500 m x 45 m                                                238 x 110 m

               Riwut Tjilik Airport     PCR
               Palangkaraya             430 F/C/X/U

       4       Bandara                  Dimensi            T/W A,B,C = 75 x 23 m                       47.200 m²         32.913 m²             3,8 juta | million
               Internasional            Dimension                                                                        (Tahap 1)
               Supadio Pontianak        2.600 m x 45 m

               Supadio                  PCR
               International            420 F/D/X/U
               Airport Pontianak




120   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 121
  Tanggung Jawab Sosial dan Lingkungan (TJSL)             Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)          Consolidated Financial Statements




STRUKTUR GRUP
GROUP STRUCTURE




                                                               PT Angkasa Pura Indonesia




         ENTITAS ANAK               ENTITAS ASOSIASI               VENTURA BERSAMA              KSO OPERASI          INVESTASI LAINNYA
          Entitas Anak                Entitas Anak                    Entitas Anak               Entitas Anak           Entitas Anak




        PT Angkasa Pura             PT Integrasi Aviasi           PT Bandara Internasional       KSO Halim            PT Purantara Mitra
           Aviasi (AVI)                 Solusi (IAS)                    Batam (BIB)            Perdanakusuma         Angkasa Dua (PMAD)
                      51,00%                          99,99%                       56,09%         (KSO HLP) 50,00%                  0,11%

                                       PT Jasamarga
                                       Bali Tol (JBT)
                                                      6,31%

                                     PT Bandarudara
                                    Internasional Jawa
                                        Barat (BIJB)
                                                      19,51%


                                         PT Railink
                                                      40,00%

                                  PT Garuda Maintenance
                                     Facility Aero Asia
                                        Tbk (GMF) 68,40%




Terkait dengan Struktur             Grup     Perusahaan,           dapat         Regarding the Company Group Structure, it can be
dijelaskan sebagai berikut:                                                      explained as follows:

A. PT Angkasa Pura Indonesia memiliki 1 (satu) Entitas                           A. PT Angkasa Pura Indonesia has 1 (one) Subsidiary,
   Anak, yaitu PT Angkasa Pura Aviasi (AVI) dengan                                  namely PT Angkasa Pura Aviasi (AVI) with a 51.00%
   kepemilikan saham 51,00%.                                                        shareholding.
B. Perusahaan memiliki 5 (lima) Entitas Asosiasi, sebagai                        B. The Company has 5 (five) Associates, as follows:
   berikut:
   1. PT Integrasi Aviasi Solusi (IAS) dengan kepemilikan                            1.PT Integrasi Aviasi Solusi (IAS) with a 99.99%
       saham 99,99%;                                                                   shareholding;
   2. PT Jasamarga Bali Tol (JBT) dengan kepemilikan                                2. PT Jasamarga Bali Tol (JBT) with a 6.31%
       saham 6,31%;                                                                    shareholding;
   3. PT Bandarudara Internasional Jawa Barat (BIJB)                                3. PT Bandarudara Internasional Jawa Barat (BIJB)
       dengan kepemilikan saham 19,51%;                                                with a 19.51% shareholding;
   4. PT Railink dengan kepemilikan saham 40,00%; dan                               4. PT Railink with a 40.00% shareholding; and
   5. PT Garuda Maintenance Facility Aero Asia Tbk                                  5. PT Garuda Maintenance Facility Aero Asia Tbk
       (GMF) dengan kepemilikan saham 68,40%.                                          (GMF) with a 68.40% shareholding.
C. Perusahaan memiliki 1 (satu) Ventura Bersama,                                 C. The Company has 1 (one) Joint Venture, namely PT
   yaitu PT Bandara Internasional Batam (BIB) dengan                                Bandara Internasional Batam (BIB) with a 56.09%
   kepemilikan saham 56,09%.                                                        shareholding.
D. Perusahaan memiliki 1 (satu) Kerja Sama Operasional                           D. The Company has 1 (one) Joint Operation (JO), namely
   (KSO Operasi), yaitu KSO Halim Perdanakusuma (KSO                                KSO Halim Perdanakusuma (KSO HLP) with the
   HLP) dengan porsi Perusahaan dalam KSO sebesar                                   Company’s portion in the KSO of 50.00%.
   50,00%.
E. Perusahaan memiliki 1 (satu) Investasi Lainnya, yaitu                         E. The Company has 1 (one) Other Investment, namely
   PT Purantara Mitra Angkasa Dua (PMAD) dengan                                      PT Purantara Mitra Angkasa Dua (PMAD) with a 0.11%
   kepemilikan saham 0,11%.                                                          shareholding.


                                                                                              PT Angkasa Pura Indonesia 2025 Annual Report   121
Page 122
        Ikhtisar 2025          Laporan Manajemen          Tentang Perusahaan         Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
        2025 Highlights        Management Report          About the Company          Management Discussion and Analysis          Corporate Governance




      STRUKTUR ORGANISASI
      ORGANIZATION STRUCTURE

                                                                                                                           DIREKTUR UTAMA
                                                                                                                           PRESIDENT DIRECTOR


                                                                                                                     WAKIL DIREKTUR UTAMA
                                                                                                                      VICE PRESIDENT DIRECTOR




                                             DIREKTUR STRATEGI
                                             & PENGEMBANGAN                     DIREKTUR KOMERSIAL                         DIREKTUR TEKNIK
                                                 TEKNOLOGI                             DIRECTOR OF                           DIRECTOR OF
                                            DIRECTOR OF STRATEGY &                     COMMERCIAL                            ENGINEERING
                                          TECHNOLOGY DEVELOPMENT


             Corporate Secretary              Corporate Strategy &                Commercial Strategy &                    Airport Engineering
                Group Head                    Planning Group Head                   Policy Group Head                          Group Head


             Corporate Communikation                Corporate Strategy &            Aero Commercial Strategy                  Airport Engineering &
                   Division Head                   Research Division Head             & Policy Division Head                  Design Division Head


                 Corporate Branding                                                    Non Aero Commercial                   Airport Environmental
                                                      Airport Strategy                                                           Management
                    Division Head                      Division Head                     Strategy & Policy
                                                                                          Division Head                          Division Head

                Corporate BOD Office                                                                                          Airport Facility
                Suport Division Head         Business Development                    Aero Commercial
                                                  Group Head                           Group Head                             Management
                                                                                                                               Group Head
                Internal Audit                     Business Development &                Domestic Airline
                 Group Head                           Asset Optimiztion                Partnership & Route                        Civil Airside
                                                        Division Head               Development Division Head                    Division Head

                  Oprational Audit                  Strategy Partnership                Asia Pacific Airline                   Terminal Building
                   Division Head                        Division Head                  Partnership & Route                       Division Head
                                                                                    Development Division Head

             Business & Suporting Audit         Partnership Opration &                IMIA Airline Partnership             Non Terminal & Landscape
                   Division Head               Subsidiary Managements                  & Route Development                       Division Head
                                                    Division Head                          Division Head

              Special Audit & Advisory                                                                                      Airport Equipment
                                               Asset Management                    Non Aero Commercial
                   Division Head                                                                                               Management
                                                  Group Head                           Group Head
                                                                                                                               Group Head

           Legal Aid & Institutional                                                                                              Mechanical
                                                     Asset Evaluation &               Marketing & Promotion
            Relation Group Head                    Readnes Division Head                  Division Head                          Division Head


                                               Asset Information Control                                                           Electrical
                      Legal Aid                                                         Retail Division Head                     Division Head
                    Division Head                    Division Head


                                               Special Asset Management                  Tenuare Realation                        Electronic
                Institutional Relation               Division Head                         Division Head                         Division Head
                    Division Head

                                                      Technology                        Visual Marchandise                 Airport Construction
              Legal & Compliance                     Digitalization                        Division Head                      & Development
                 Group Head                          Group Head                                                                 Group Head

                                                                                    Fiiting Out Division Head                Airport Construction
                                                IT Govermance & Data
                   Legal Business             Management Division Head                                                      Program Division Head
                   Division Head
                                                                                         Cargo & Property
                                                   Enterprise Application                 Management                          Airport Construction
              Regulation & Complance               Strategy Division Head                 Division Head                        QualityAssurance
                  Division Head                                                                                                  Division Head

                                                     Airport Application
                                                   Strategy Division Head           REGION I                   REGION II               REGION III
                                                                                     (CGK)                       (DPS)                   (KNC)
                                                     IT Cyber Security &
                                                   Infrastructure Strategy
                                                        Division Head                                                               (KNO*, BTH*, BTJ,
                                                                                                                                       DTB, PKU,
                                                                               (CGK, HLP, BDO, KJT)    (DPS, LOP, KOE, BWX)          TNJ, PDG, DJB,
                                                                                                                                       PLM, PGK,
                                                                                                                                     TJQ, TKG, BKS)




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)             Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)          Consolidated Financial Statements




Sesuai dengan Peraturan Direksi PT Angkasa Pura                                 In accordance with the Regulation of the Board of
Indonesia Nomor PD.DU.0007/OM.01/2025 tanggal 27 Mei                            Directors of PT Angkasa Pura Indonesia Number
2025 tentang Organisasi Perusahaan PT Angkasa Pura                              PD.DU.0007/OM.01/2025 dated May 27, 2025, concerning
Indonesia, maka struktur organisasi PT Angkasa Pura                             the Organizational Structure of PT Angkasa Pura
Indonesia adalah sebagaimana bagan di bawah ini:                                Indonesia, the organizational structure of PT Angkasa
                                                                                Pura Indonesia is as illustrated in the chart below:




                                       DIREKTUR KEUANGAN &                       DIREKTUR HUMAN
   DIREKTUR OPERASI                      MANAJEMEN RISIKO                            CAPITAL
 DIRECTOR OF OPERATION                   DIRECTOR OF FINANCE                        DIRECTOR OF
                                          & RISK MANAGEMENT                        HUMAN CAPITAL
                                                                                                                   Customer Experience
                                                                                                                       Group Head
       Airport Operation                     Corporate Finance                        Organization
       Strategy & Policy                        Group Head                            Development                    Customer Experience
          Group Head                                                                   Group Head                    Design & Development
                                                                                                                         Division Head
          Airport Operation
          Palnning& Policy                    Treasury Division Head                Organization Strategy
                                                                                       Division Head                   Customer Insight &
            Division Head                                                                                             Quality Management
                                                                                                                         Division Head
          Airport Operation                        Capital Financing                   Performance &
            Devrlopment                             Division Head                    Industrial Relations            Airport Service Delivery
            Division Head                                                               Division Head                     Division Head
          Airside & Lanside
         Operation Strategy                      Capital management                  Culture & Innovation
                                                    Division Head                       Division Head
           Division Head                                                                                                 Corporate
                                                                                                                      Transformation
          Airside & Lanside                                                           Human Capital                     Group Head
      Operation Standardization            Financial Controller
                                                                                      Management
           Division Head                  Reporting Group Head
                                                                                       Group Head

        Airport Safety &                       Business Planning &                    Talent Management
        RFF Group Head                        Analysis Division Head                     Division Head

            Airport Safety &                  Strategic Management                  Human Capital Services
             RFF Strategy                       Report & Corporate                     Division Head
             Division Head                  Performance Division Head

             Airport Safety                      Financial Accounting                  Learning &
            Standardization                          Division Head                    Development
             Division Head                                                             Group Head
                                                   Tax Management
        Airport Standardization                      Division Head
             Division Head                                                           People Development
                                                                                        Division Head
                                               Govermance &
        Airport Security                     Risk Management                         Learning Management
          Group Head                            Group Head                               Division Head

                                             Govermance Assurance
       Airport Security Strategy                 Division Head                  Procurement & Logistic
            Division Head                                                            Group Head
                                                    Enterprise Risk
            Airport Security                         Management
            Standardization                          Division Head                        Procurement
             Division Head                                                                Division Head


                                                                                     Logistic Division Head


                                                                                   Corporate Social
                                                                                Responsibility & General
                                                                                 Services Group Head


      REGION IV                  REGION V                   REGION VI                    CSR Strategy
                                                                                         Division Head
        (YIA)                      (UPG)                      (BPN)
                                                                                         CSR Evaluation
                                                                                          Performance
                                                                                         Division Head
     (YIA, SUB, SRG,           (UPG, AMQ, MDC,          (BPN, PNK, BDJ, PKY)
   JOG, SOC, PRWEL,G              BIK, DJJ)
        IDOHNX )                                                                         Office Facilities
                                                                                         Division Head

                                                                                     Office Administration
                                                                                         Division Head


                                                                                                PT Angkasa Pura Indonesia 2025 Annual Report    123
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         Ikhtisar 2025      Laporan Manajemen     Tentang Perusahaan        Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
         2025 Highlights    Management Report     About the Company         Management Discussion and Analysis      Corporate Governance




      PROFIL MANAJEMEN
      MANAGEMENT PROFILE




      Arie Ahsanurrohim                         Deni Krisnowibowo                              Arie Ahsanurrohim
      PGS. Corporate Secretary                  Internal Audit Group Head                      Legal Aid & Institutional
      Group Head                                                                               Relation Group Head




      Irma Yelly                                Anindita Galuh Wardhani                        Ferdian Agustiana
      Legal & Compliance                        Customer Experience Group Head                 Corporate Transformation
      Group Head                                                                               Group Head




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   Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
   Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




Diah Dwi Hapsari                                    Yogi Pratama Ramadi                            Kelik Hari Purwanto
Corporate Strategy &                                Business Development                           Asset Management
Planning Group Head                                 Group Head                                     Group Head




Wahyu Cahyadi                                       Danus Winarko                                  Muhammad Thamrin
Technology & Digitalization                         Commercial Strategy &                          Aero Commercial
Group Head                                          Policy Group Head                              Group Head




                                                                                           PT Angkasa Pura Indonesia 2025 Annual Report   125
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         Ikhtisar 2025        Laporan Manajemen     Tentang Perusahaan      Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
         2025 Highlights      Management Report     About the Company       Management Discussion and Analysis     Corporate Governance




      Aprizal                                     Akbar Putra Mardhika                         Pribadi Maulana
      Non-Aero Commercial                         Airport Engineering                          Airport Facility Management
      Group Head                                  Group Head                                   Group Head




      Novel                                       Doddy Dewayanto                              Heriyanto Wibowo
      Airport Equipment                           Airport Construction &                       Airport Operation Strategy
      Management Group Head                       Development Group Head                       & Policy Group Head




      Muhammad Koharudin                          Andika Kusdwyanka                            Ani Kristiyanti
      PGS. Airport Safety &                       Airport Security Group Head                  Corporate Finance
      RFF Group Head                                                                           Group Head




126   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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   Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
   Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




Andre Kurniawan                                     Nicolas Prima K.A.                             Apip Erna Cahyadi
Financial Controller &                              Governance & Risk                              Organization Development
Reporting Group Head                                Management Group Head                          Group Head




Faizal Indra Kusuma                                 Hary Budi Waluyo                               Hendra Gunawan
Human Capital                                       Learning & Development                         Procurement & Logistic
Management Group Head                               Group Head                                     Group Head




Meiske Margaretha Sigarlaki
Corporate Social Responsibility &
General Service Group Head




                                                                                           PT Angkasa Pura Indonesia 2025 Annual Report   127
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        Ikhtisar 2025         Laporan Manajemen         Tentang Perusahaan         Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights       Management Report         About the Company          Management Discussion and Analysis      Corporate Governance




      ENTITAS ANAK DAN ASOSIASI
      SUBSIDIARIES AND ASSOCIATED ENTITIES




            Entitas Berdasarkan Kepemilikan Saham
      Entities Based on Share Ownership


       No      Nama             Bidang Usaha          Kepemilikan Jumlah Aset     Tahun                    Status              Alamat
             Perusahaan        Line of Business         Saham       Sebelum     Pendirian                  Operasi            Address
              Company                                   Shares     Eliminasi      Year of                Operations
               Name                                   Composition   (Rp Juta) Establishment                Status
                                                                     Total Assets
                                                                        Before
                                                                     Elimination
                                                                     (Rp Million)


      Entitas Anak
      Subsidiary

        1   PT Angkasa       Pengelolaan dan              51%          3.127.960           2018            Telah        Bandara
            Pura Aviasi      Pengoperasian                                                               beroperasi     Internasional
            (AVI)            Bandara                                                                     Operating      Kualanamu, Beringin,
                             Internasional                                                                              Kabupaten Deli
                             Kualanamu                                                                                  Serdang, Sumatera
                             Deli Serdang.                                                                              Utara, Indonesia.
                             Management                                                                                 Kualanamu
                             and Operation                                                                              International Airport,
                             of Kualanamu                                                                               Beringin, Deli
                             International                                                                              Serdang Regency,
                             Airport, Deli                                                                              North Sumatra,
                             Serdang.                                                                                   Indonesia.

      Entitas Asosiasi
      Associates

       2.   PT Integrasi     Pengelolaan                99,99%         6.149.215           2016            Telah        Komplek Gedung
            Aviasi Solusi    Ground Handling                                                             beroperasi     528 Terminal
            (IAS)            & Terminal Kargo,                                                           Operating      Kargo Bandara
                             Logistik, Hospitality,                                                                     Internasional
                             dan Operations                                                                             Soekarno Hatta,
                             Support.                                                                                   Kota Tangerang,
                             Management of                                                                              Banten 19120
                             Ground Handling
                             & Cargo Terminal,
                             Logistics,
                             Hospitality, and
                             Operations Support.

       3.   PT               Pengelolaan dan             6,31%         1.890.367           2011            Telah        (Grha Bali Tol)
            Jasamarga        Pengoperasian                                                               beroperasi     Jl Raya Pelabuhan
            Bali Tol (JBT)   Jalan Tol Bali                                                              Operating      Benoa No.88 Kota
                             Mandara.                                                                                   Denpasar, Bali 80222
                             Management and
                             Operation of Bali
                             Mandara Toll Road.




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 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




No      Nama               Bidang Usaha           Kepemilikan Jumlah Aset     Tahun                  Status            Alamat
      Perusahaan          Line of Business          Saham       Sebelum     Pendirian                Operasi          Address
       Company                                      Shares     Eliminasi      Year of              Operations
        Name                                      Composition   (Rp Juta) Establishment              Status
                                                                  Total Assets
                                                                     Before
                                                                  Elimination
                                                                  (Rp Million)

4.   PT                Pengelolaan dan               19,51%         2.784.059            2018        Telah      Bandara
     Bandarudara       Pengoperasian                                                               beroperasi   Internasional Jawa
     Internasional     Bandara                                                                     Operating    Barat Kertajati,
     Jawa Barat        Internasional                                                                            Majalengka,
     (BIJB)            Kertajati                                                                                Jawa Barat,
                       Majalengka.                                                                              Indonesia, 45457
                       Management
                       and Operation
                       of Kertajati
                       International
                       Airport, Majalengka.

5.   PT Railink        Layanan Kereta               40,00%           536.547             2005        Telah      Gedung Tata Puri
     (Railink)         Api Bandara.                                                                beroperasi   Lt.5, JI. Tanjung
                       Airport Rail Services.                                                      Operating    Karang no. 3-4A,
                                                                                                                Kel. Kebon Melati,
                                                                                                                Kec. Tanah Abang,
                                                                                                                Kota Adm. Jakarta
                                                                                                                Pusat, Prov. DKI
                                                                                                                Jakarta, 10230

6.   PT Garuda         Jasa perawatan               68,40%          13.803.001           2002        Telah      Hanggar 4 Bandara
     Maintenance       pesawat terbang,                                                            beroperasi   Internasional
     Facility          perawatan                                                                   Operating    Soekarno Hatta
     Aero Asia         komponen                                                                                 Tangerang
     Tbk (GMF)         dan kalibrasi,                                                                           Banten 15125
                       perawatan mesin
                       untuk pesawat
                       dan industri.
                       Aircraft
                       maintenance
                       services, including
                       component
                       maintenance
                       and calibration,
                       as well as engine
                       maintenance
                       for aviation and
                       industrial purposes.

Ventura Bersama
Joint Venture

7.   PT Bandara    Pengelolaan dan                  56,09%           976.702             2021        Telah      Jl. Hang Nadim no.
     Internasional Pengoperasian                                                                   beroperasi   01 (Area Perkantoran
     Batam (BIB) Bandara                                                                           Operating    Lt. 2), Batu Besar,
                   Internasional Hang                                                                           Nongsa, Kota
                   Nadim Batam                                                                                  Batam, Kepulauan
                   Management and                                                                               Riau 29466
                   Operation of Hang
                   Nadim International
                   Airport, Batam




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   129
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        Ikhtisar 2025        Laporan Manajemen          Tentang Perusahaan          Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights      Management Report          About the Company           Management Discussion and Analysis      Corporate Governance




            Kerja Sama Operasional dan Investasi Lainnya
      Joint Operation and Other Investment


       No        Nama              Bidang Usaha           Kepemilikan Jumlah Aset     Tahun       Status                          Alamat
               Perusahaan         Line of Business          Saham       Sebelum     Pendirian    Operasi                         Address
            Company Name                                    Shares     Eliminasi      Year of   Operations
                                                          Composition   (Rp Juta) Establishment   Status
                                                                             Total Assets
                                                                                Before
                                                                             Elimination
                                                                             (Rp Million)


      Kerja Sama Operasional (KSO Operasi)
      Joint Operation (JO)

       8.   KSO Halim     Pengelolaan dan                Porsi KSO             99.510            2022            Telah      Bandara Halim
            Perdanakusuma Pengoperasian                  sebesar                                               beroperasi   Perdana Kusuma
            (KSO HLP)     Bandara Halim                  50,00%.                                               Operating    Jakarta Timur
                          Perdana Kusuma                 The portion                                                        DKI Jakarta
                          Management and                 in the KSO
                          Operation of Halim             is 50.00%.
                          Perdanakusuma
                          Airport

      Penyertaan Saham
      Equity Participation

       9.   PT Purantara       Penyedia                       0,11%            394.997           2003            Telah      Purantara
            Mitra Angkasa      layanan katering                                                                beroperasi   Building,
            Dua (PMAD)         penerbangan dan                                                                 Operating    Soekarno-Hatta
                               mengelola lounge                                                                             International
                               eksekutif di Bandara                                                                         Airport, Pajang,
                               Internasional                                                                                Benda, Kota
                               Soekarno Hatta                                                                               Tangerang,
                               Tangerang                                                                                    Banten 15126
                               dan Bandara
                               Internasional I Gusti
                               Ngurah Rai Bali.
                               Provision of in-flight
                               catering services
                               and management
                               of executive lounges
                               at Soekarno-Hatta
                               International
                               Airport, Tangerang
                               and I Gusti Ngurah
                               Rai International
                               Airport, Bali.




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 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




PROFIL ENTITAS ANAK DAN ASOSIASI
PROFILE OF SUBSIDIARIES AND ASSOCIATES



    Entitas Berdasarkan Kepemilikan Saham
Entities Based on Share Ownership

   Perusahaan                                                                 Profil
    Company                                                                  Profile

Entitas Anak
Subsidiary

PT Angkasa Pura          PT Angkasa Pura Aviasi dibentuk pada 8 Oktober 2018, dengan kepemilikan saham dipegang
Aviasi (AVI)             oleh PT Angkasa Pura Indonesia sebanyak 180.753 lembar saham (51%). Perusahaan ini fokus pada
                         bidang jasa kebandarudaraan, pengusahaan di Bandara Internasional Kualanamu Deli Serdang,
                         jasa terkait Bandara dan optimalisasi pemanfaatan sumber daya yang dimiliki Perusahaan.

                         PT Angkasa Pura Aviasi was established on October 8, 2018, with shares ownership
                         held by PT Angkasa Pura Indonesia with 180,753 shares (51%). This company focuses on
                         airport services, business operations at Kualanamu International Airport Deli Serdang,
                         airport-related services, and optimizing the utilization of the Company’s resources.

Entitas Asosiasi
Associates

PT Integrasi Aviasi      PT IAS didirikan berdasarkan persetujuan Kementerian BUMN dan RUPS PT Angkasa Pura
Solusi (IAS)             Indonesia pada tahun 2016, dengan setoran modal awal sebesar Rp188,90 miliar. Akta
                         pendirian APK disahkan oleh Kementerian Hukum dan Hak Asasi Manusia (Kemenkumham)
                         pada 22 April 2016. APK kemudian berganti nama menjadi PT Integrasi Aviasi Solusi (IAS)
                         pada Desember 2023, yang disetujui oleh Kemenkumham pada 4 Januari 2024. Kegiatan
                         utamanya mencakup layanan operator gudang di restricted area, ground handling,
                         jasa kargo dan logistik, layanan TI terkait kargo, jasa keamanan barang, tenaga kerja
                         outsourcing, jasa konstruksi, dan jasa titipan (paket, uang, pos). Pada 4 Januari 2024, PT
                         Angkasa Pura Indonesia resmi melepas pengendalian atas perusahaan ini kepada PT
                         Aviasi Pariwisata Indonesia (Persero), sesuai pengesahan dari Kemenkumham, dengan
                         tetap memiliki kepemilikan saham sebanyak 1.752.860 lembar saham Seri J (99,9%).

                         PT IAS was established based on the approval of the Ministry of BUMN and the General
                         Meeting of Shareholders (GMS) of PT Angkasa Pura Indonesia in 2016, with an initial capital
                         contribution of Rp188,90 billion. The deed of establishment of APK was ratified by the Ministry
                         of Law and Human Rights (Kemenkumham) on April 22, 2016. APK later changed its name to
                         PT Integrasi Aviasi Solusi (IAS) in December 2023, which was approved by Kemenkumham
                         on January 4, 2024. Its main activities include warehouse operator services in restricted areas,
                         ground handling, cargo and logistics services, IT services related to cargo, goods security
                         services, outsourcing labor, construction services, and parcel, money, and mail services. On
                         January 4, 2024, PT Angkasa Pura Indonesia officially relinquished control of the company
                         to PT Aviasi Pariwisata Indonesia (Persero), following the approval from the Ministry of
                         Law and Human Rights. The Company retained its 1,752,860 shares of J series (99.9%).

PT Jasamarga             PT JBT merupakan perusahaan yang bergerak dalam bidang pengusahaan jalan tol Nusa Dua
Bali Tol (JBT)           - Ngurah Rai - Benoa, yang meliputi pendanaan, perencanaan teknik, pelaksanaan konstruksi,
                         pengoperasian dan pemeliharaan jalan tol, serta usaha-usaha lainnya sesuai dengan ketentuan-
                         ketentuan dan peraturan perundang-undangan yang berlaku. Perusahaan berkedudukan
                         berkedudukan di Denpasar, Bali, didirikan berdasarkan Akta No. 02 tanggal 22 Agustus 2011
                         yang dibuat dihadapan Paulina Siti Suprimulyanti Endah Putri, Sarjana Hukum, dan telah
                         disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat
                         Keputusan No. AHU-57740.AH.01.01.TH 2011 tanggal 25 November 2011, dan dengan kepemilikan
                         saham dipegang oleh PT Angkasa Pura Indonesia sebanyak 59.635 lembar saham (6,31%).

                         PT JBT is a company engaged in the development and management of the Nusa Dua –
                         Ngurah Rai – Benoa toll road, encompassing financing, engineering planning, construction
                         implementation, operation, and maintenance of the toll road, as well as other business
                         activities in accordance with the prevailing laws and regulations. The Company is domiciled
                         in Denpasar, Bali, and was established based on Deed No. 02 dated August 22, 2011, drawn
                         up before Paulina Siti Suprimulyanti Endah Putri, Bachelor of Law, and has been


                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   131
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        Ikhtisar 2025        Laporan Manajemen       Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights      Management Report       About the Company       Management Discussion and Analysis   Corporate Governance




          Perusahaan                                                         Profil
           Company                                                           Profile

                             duly approved by the Minister of Law and Human Rights of the Republic of Indonesia
                             through Decree No. AHU-57740.AH.01.01.TH 2011 dated November 25, 2011, and with share
                             ownership held by PT Angkasa Pura Indonesia amounting to 59,635 shares (6.31%)

      PT Bandarudara         PT Bandarudara Internasional Jawa Barat (BIJB) merupakan perusahaan yang bertugas untuk
      Internasional Jawa     melakukan pengusahaan Bandara Internasional Kertajati Majalengka, serta membangun
      Barat (BIJB)           dan mengembangkan Kertajati Aerocity. Berdasarkan Akta Notaris Yanti Yulianti, S.H.,
                             M.Kn No. 30 Tanggal 27 Desember 2023, Pemegang Saham menyetujui pengeluaran/
                             penempatan saham Perusahaan sebesar 429.000.000 lembar yang masing-masing
                             bernilai Rp1 juta dengan total Rp50,00 miliar yang seluruhnya diambil oleh Perusahaan
                             sehingga persentase kepemilikan saham Perusahaan menjadi 19,51%. Pada tahun 2025,
                             terdapat setoran modal sebesar Rp13 miliar yang tercatat sebagai uang muka investasi.

                             PT Bandarudara Internasional Jawa Barat (BIJB) is a company responsible for managing
                             the Kertajati Majalengka International Airport and developing the Kertajati Aerocity.
                             Based on the Notarial Deed by Yanti Yulianti, S.H., M.Kn No. 30 dated December 27, 2023,
                             the Shareholders approved the issuance/placement of 429.000.000 shares of the Company,
                             each valued at Rp1 million, with a total of Rp50,00 billion, which was fully subscribed by the
                             Company, resulting in the Company’s shareholding percentage becoming 19.51%. In 2025,
                             there was a capital deposit of Rp13 billion recorded as an investment down payment.

      PT Railink (Railink)   PT Railink adalah perusahaan joint venture antara PT Kereta Api Indonesia (KAI) dan Perusahaan
                             untuk mengelola kereta api bandara, dibentuk melalui perjanjian pada 14 Agustus 2006, dan dengan
                             kepemilikan saham dipegang oleh PT Angkasa Pura Indonesia sebanyak 351.760 lembar saham (40%).

                             PT Railink was a joint venture company between PT Kereta Api Indonesia (KAI) and the Company to
                             manage airport rail services, established based on an agreement dated August 14, 2006, with share
                             ownership held by PT Angkasa Pura Indonesia amounting to 351,760 shares (40%).

      PT Garuda              PT Garuda Maintenance Facility Aero Asia Tbk merupakan bidang jasa perawatan pesawat
      Maintenance            terbang, perawatan komponen dan kalibrasi, perawatan mesin untuk pesawat dan
      Facility Aero          industri, pembuatan dan perawatan sarana pendukung, jasa engineering, jasa layanan
      Asia Tbk (GMF)         material, logistik, pergudangan dan konsinyasi serta jasa konsultan, pelatihan dan
                             penyediaan tenaga ahli di bidang perawatan pesawat, komponen dan mesin. didirikan
                             berdasarkan akta No. 93 tanggal 26 April 2002 dari Arry Supratno, SH, Notaris di Jakarta.

                             Perusahaan memiliki 82.100.173.900 lembar saham Seri B dengan nilai sebesar Rp5.664.912.000.000
                             (nilai penuh), yang merepresentasikan kepemilikan sebesar 68,40%. Kepemilikan saham
                             tersebut merupakan bentuk kompensasi atas perjanjian pemanfaatan lahan selama
                             jangka waktu 5 (lima) tahun dan 0 (nol) bulan, sebagaimana diatur dalam Perjanjian No.
                             PJJ.04.04/00/03/2024/0069 dan No. GMF/PERJ./DC-3023/2024 tanggal 25 Maret 2024. Ketentuan
                             tersebut kemudian diperbarui melalui Addendum dengan No. PJJ.DC.0115/PR.03.01.04/2025
                             dan No. GMF/PERJ./DC-3023/2024/2025 tertanggal 8 Desember 2025. Nilai investasi di PT
                             GMF pada tanggal 31 Desember 2024 dan 31 Desember 2023 adalah sebesar Rp0.

                             PT Garuda Maintenance Facility Aero Asia Tbk is engaged in aircraft maintenance services,
                             including component maintenance and calibration, engine maintenance for both aviation
                             and industrial purposes, manufacturing and maintenance of supporting equipment,
                             engineering services, material services, logistics, warehousing and consignment, as well
                             as consultancy, training, and the provision of skilled personnel in the fields of aircraft,
                             component, and engine maintenance. The company was established based on Deed
                             No. 93 dated 26 April 2002, executed before Arry Supratno, S.H., Notary in Jakarta.

                             The Company holds 82,100,173,900 Series B shares with a value of Rp5,664,912,000,000 (full
                             amount), representing an ownership interest of 68.40%. The share ownership represents
                             compensation for a land utilization agreement for a period of 5 (five) years and 0 (zero) months,
                             as stipulated in Agreement No. PJJ.04.04/00/03/2024/0069 and No. GMF/PERJ./DC-3023/2024
                             dated March 25, 2024. The terms were subsequently amended through an Addendum No. PJJ.
                             DC.0115/PR.03.01.04/2025 and No. GMF/PERJ./DC-3023/2024/2025 dated December 8, 2025. The
                             investment value in PT GMF as of December 31, 2024 and December 31, 2023 amounted to Rp0.

      Ventura Bersama
      Joint Venture

      PT Bandara             PT BIB didirikan untuk mengelola pengembangan, operasi, dan layanan bandara, termasuk
      Internasional          layanan pesawat, penumpang, serta bisnis pendukung di Bandara Internasional Hang Nadim
      Batam (BIB)            Batam. Investasi di BIB merupakan penyertaan saham dalam joint venture Konsorsium PT
                             Angkasa Pura Indonesia (sebelumnya PT Angkasa Pura I) - Incheon International Airport
                             Corporation (IIAC) - PT Wijaya Karya (Persero) Tbk (WIKA) melalui proyek KPBU.



132   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 133
 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




   Perusahaan                                                                 Profil
    Company                                                                  Profile

                         Perusahaan memiliki 296.523.690 lembar saham atau sebesar Rp296.523.690.000 (nilai penuh)
                         dengan jumlah kepemilikan sebesar 51,00%. Berdasarkan Akta Keputusan Sirkuler Para Pemegang
                         Saham BIB yang disahkan dengan akta notaris Stefani Agustina, S.H., M.Kn., No. 26 tanggal 25 Juni
                         2025 di Batam. Dalam anggaran dasar, Perusahaan setuju untuk meningkatkan modal disetor
                         sebesar Rp148,92 miliar, sehingga persentase kepemilikan saham Perusahaan menjadi 56,09%.

                         BIB was established to manage the development, operations, and airport services, including aircraft
                         and passenger services, as well as supporting businesses at Hang Nadim International Airport in
                         Batam. The investment in BIB represents an equity participation in a joint venture consortium of PT
                         Angkasa Pura Indonesia (formerly PT Angkasa Pura I) – Incheon International Airport Corporation
                         (IIAC) – PT Wijaya Karya (Persero) Tbk (WIKA) through a Public-Private Partnership (PPP) project.
                         The Company holds 296,523,690 shares or equivalent to Rp296,523,690,000 (full amount),
                         representing a 51.00% ownership interest. Based on the Circular Resolution of the Shareholders
                         of BIB, as notarized by Stefani Agustina, S.H., M.Kn., under Deed No. 26 dated June 25, 2025, in
                         Batam, the Company agreed, as stipulated in the Articles of Association, to increase its paid-up
                         capital by Rp148.92 billion, resulting in an increase in the Company’s ownership interest to 56.09%.




   Kerja Sama Operasional dan Investasi Lainnya
Joint Operation and Other Investment

   Perusahaan                                                                 Profil
    Company                                                                  Profile

Kerja Sama Operasional (KSO Operasi)
Joint Operation (JO)

KSO Halim                PT Angkasa Pura Indonesia bekerja sama dengan PT Angkasa Transportindo Selaras (ATS) dalam
Perdanakusuma            pengelolaan dan pengoperasian HLP di Jakarta, yang diawali dengan Perjanjian Induk No.
(KSO HLP)                PJ.04.04/00/08/2022/A.0237 tanggal 31 Agustus 2022 dan dilanjutkan dengan Perjanjian Kerja
                         Sama No. PJ.04.04/00/01/2023/0005 dan No. 089/ATS/DIR/PKS-APII/I/2023 untuk pembentukan
                         KSO HLP dengan skema bagi hasil, mencakup jasa kebandarudaraan dan jasa terkait.

                         Perjanjian tersebut telah diamandemen melalui Amandemen No. PJJ.DU.0006/HK.04/2026;
                         001/PKS/ATS-APIV/2026, yang menetapkan masa berlaku perjanjian hingga 9 Februari 2031
                         atau berakhir lebih awal sesuai ketentuan Pasal 20.1 (Sebab Pengakhiran Perjanjian).

                         PT Angkasa Pura Indonesia entered into a Joint Operation agreement with PT Angkasa Transportindo
                         Selaras (ATS) for the management and operation of HLP in Jakarta, initiated through Master
                         Agreement No. PJ.04.04/00/08/2022/A.0237 dated August 31, 2022, and subsequently formalized under
                         Joint OperationAgreements No. PJ.04.04/00/01/2023/0005 and No. 089/ATS/DIR/PKS-APII/I/2023 to
                         establish a Joint Operation (JO) scheme based on profit sharing, covering airport and related services.

                         The agreement was later amended through Amendment No. PJJ.DU.0006/HK.04/2026; 001/
                         PKS/ATS-APIV/2026, which revised the term of the agreement to remain effective until February
                         9, 2031, or earlier termination in accordance with Article 20.1 (Grounds for Termination).

Penyertaan Saham
Equity Participation

PT Purantara             Perusahaan memiliki 4.800 lembar saham atau sebesar 0,11% di PT PMAD, yang merupakan
Mitra Angkasa            bentuk kompensasi atas perjanjian sewa tanah selama jangka waktu 11 (sebelas) tahun
Dua (PMAD)               dan 3 (tiga) bulan, sebagaimana diatur dalam Perjanjian Sewa Tanah No. SPSW.02.1/
                         TU.308/APII- 2000 tanggal 1 Mei 2000. Ketentuan tersebut kemudian diperbarui melalui
                         Addendum I dengan No. ADD.I.SPSW.12/TU.308/2002-APII tertanggal 15 April 2002. Nilai
                         properti investasi di PMAD hingga 31 Desember 2025 adalah sebesar Rp395 miliar.

                         The Company holds 4,800 shares, representing 0.11% ownership in PT PMAD, which
                         is in the form of compensation for a land lease agreement for a period of 11 (eleven)
                         years and 3 (three) months, as stipulated in the Land Lease Agreement No. SPSW.02.1/
                         TU.308/APII-2000 dated May 1, 2000. This provision was subsequently updated through
                         Addendum I with No. ADD.I.SPSW.12/ TU.308/2002-APII dated April 15, 2002. The value
                         of investment properties in PMAD as of December 31, 2025 was Rp395 billion.


                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   133
Page 134
        Ikhtisar 2025         Laporan Manajemen   Tentang Perusahaan          Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights       Management Report   About the Company           Management Discussion and Analysis   Corporate Governance




      DEMOGRAFI KARYAWAN
      EMPLOYEE DEMOGRAPHICS


                   Komposisi Karyawan Berdasarkan Status Ketenagakerjaan
                   Employee Composition Based on Employment Status


                           Status Karyawan
                                                                       2025                        2024                 2023
                          Employment Status

       Karyawan Tetap                                                  7.680                       7.892                 5.177
       Permanent Employees

       Alih Daya                                                       8.082                       8.138                3.877
       Outsourced

       PKWT                                                                21                         26                     4
       Fixed-Term Employment Contract

       Total                                                           15.783                    16.056                 9.058




                   Komposisi Karyawan Tetap Berdasarkan Jenis Kelamin
                   Permanent Employee Composition Based on Gender


                            Jenis Kelamin
                                                                       2025                        2024                 2023
                               Gender

       Laki-laki                                                       5.984                       6.149                4.158
       Male

       Perempuan                                                        1.696                      1.743                 1.019
       Female

       Total                                                           7.680                      7.892                  5.177




                   Komposisi Karyawan Tetap Berdasarkan Jenjang Pendidikan
                   Permanent Employee Composition Based on Educational Level


                          Jenjang Pendidikan
                                                                       2025                        2024                 2023
                           Educational Level

       Doktoral (S3)                                                        1                           1                    0
       Post-Graduate/Doctorate Degree

       Pascasarjana (S2)                                                 306                         299                   110
       Graduate/Master Degree

       Sarjana (S1)                                                     3.375                      3.300                 1.924
       Undergraduate/Bachelor Degree

       Diploma                                                          1.567                      1.703                 1.180
       College/Diploma Degree

       SD – SMA                                                         2.431                      2.589                 1.963
       Elementary to Senior High School

       Total                                                           7.680                      7.892                  5.177




134   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 135
  Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




             Komposisi Karyawan Tetap Berdasarkan Kelas Jabatan
             Permanent Employee Composition by Job Grade


                        Kelas Jabatan
                                                                           2025                    2024                  2023
                          Job Grade

 Entry-level                                                                6.213                  6.349                 2.267
 Entry-level

 Mid-level                                                                   869                     935                   583
 Mid-level

 Senior-level                                                                425                    454                    252
 Senior-level

 Executive-level                                                              173                    154                   118
 Executive-level

 Total                                                                     7.680                   7.892                 3.220




Keterangan Kelas Jabatan:                                                   Job Grade Description:
y Entry-level atau BOD-4 (Band 4) adalah karyawan yang                      y Entry-level or BOD-4 (Band 4) are employees in the job
  berada pada rentang kelas jabatan 7 s.d 13.                                 grade range 7 to 13.
y Mid-level atau BOD-3 (Band 3) adalah karyawan yang                        y Mid-level or BOD-3 (Band 3) are employees in the job
  berada pada rentang kelas jabatan 14 s.d 15.                                grade range 14 to 15.
y Senior-level atau BOD-2 (Band 2) adalah karyawan yang                     y Senior-level or BOD-2 (Band 2) are employees in the job
  berada pada rentang kelas jabatan 16 s.d 17.                                grade range 16 to 17.
y Executive-level atau BOD-1 (Band 1) adalah karyawan                       y Executive-level or BOD-1 (Band 1) are employees in the
  yang berada pada rentang kelas jabatan 18 s.d 23.                           job grade range 18 to 23.

Band adalah klasifikasi Kelas Jabatan (Grade) berdasarkan                   Bands are Job Grade classifications based on similar
kemiripan hirarki, kewenangan, serta tingkat risiko dari                    hierarchies, authority, and risk levels across Job Grades.
beberapa Kelas Jabatan.




             Komposisi Karyawan Tetap Berdasarkan Jenjang
             Jabatan dan Kesetaraan Gender Tahun 2025
             Permanent Employee Composition by Job Grade and Gender Equality in 2025


          Jenjang Jabatan                                    Laki-Laki                                       Perempuan
               Job Grade                                        Male                                          Female

                                                   Jumlah                Persentase                Jumlah              Persentase
                                                   Amount                Percentage               Amount               Percentage

 Entry-level                                        4.808                    77,39%                  1.405               22,61%
 Entry-level

 Mid-level                                            651                    74,91%                   218                25,09%
 Mid-level

 Senior-level                                        375                    88,24%                     50                 11,76%
 Senior-level

 Executive-level                                      150                    86,71%                    23                13,29%
 Executive-level

Total                                               5.984                    77,92%                  1.696               22,08%




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   135
Page 136
        Ikhtisar 2025     Laporan Manajemen         Tentang Perusahaan            Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights   Management Report         About the Company             Management Discussion and Analysis        Corporate Governance




                 Komposisi Karyawan Tetap Berdasarkan Jenjang Usia
                 Permanent Employee Composition by Age Group


                          Jenjang Usia
                                                                           2025                        2024                        2023
                          Age Group

       18-24 tahun                                                              1                          4                           0
       18-24 years old

       25-34 tahun                                                         2.558                       3.242                        2.695
       25-34 years old

       35-44 tahun                                                         3.933                      3.464                         1.994
       35-44 years old

       45-54 tahun                                                         1.077                       1.030                         386
       45-54 years old

       >55 tahun                                                               111                       152                         102
       >55 years old

       Total                                                              7.680                       7.892                         5.177




                 Komposisi Karyawan Tetap Berdasarkan Jenis Kelamin dan Usia
                 Permanent Employee Composition by Gender and Age Group


                                         2025                                    2024                                      2023
         Jenjang Usia
          Age Group          Laki-laki          Perempuan         Laki-laki             Perempuan              Laki-laki           Perempuan
                               Male               Female            Male                  Female                 Male                Female

       18-24 tahun                0                   1                   3                     1                   0                       0
       18-24 years old

       25-34 tahun            1.938                620             2.478                    764                 2.164                  531
       25-34 years old

       35-44 tahun            3.100                833             2.726                    738                 1.594                 400
       35-44 years old

       45-54 tahun             854                 223               823                    207                   322                   64
       45-54 years old

       >55 tahun                 92                  19                  119                  33                   78                   24
       >55 years old

       Jumlah                5.984                1.696            6.149                   1.743                4.158                 1.019
       Total
                                         7.680                                  7.892                                      5.177




136   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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 Tanggung Jawab Sosial dan Lingkungan (TJSL)              Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)           Consolidated Financial Statements




           Komposisi Karyawan Tetap Berdasarkan Usia, Jenjang
           Jabatan, dan Gender Tahun 2025
           Permanent Employee Composition by Age, Job Grade, and Gender in 2025


 Jenjang              Entry-level                       Mid-level                  Senior-level            Executive-level       Jumlah
   Usia                                                                                                                         Karyawan
Age Group      Laki-Laki Perempuan Laki-Laki Perempuan Laki-Laki Perempuan Laki-Laki Perempuan                                    Total
                 Male      Female    Male      Female    Male      Female    Male      Female                                   Employees

  18-24               0              1             0                0             0            0            0              0             1

  25-34          1.876           608              59                12             3           0            0              0      2.558

  35-44         2.457            639              410              159          185           28           48              7      3.933

  45-54           438            144              157               45          169           20           90              14     1.077

   >55              37              13            25                 2            18           2            12              2        111

Total          4.808           1.405              651              218          375           50           150             23     7.680




           Komposisi Karyawan Tetap Berdasarkan Tempat Kerja
           Permanent Employee Compositions Based on Workplace


        Keterangan                                        2025                                                     2024
        Description
                                 Laki-Laki          Perempuan                Jumlah           Laki-Laki          Perempuan      Jumlah
                                   Male               Female                  Total             Male               Female        Total

Kantor Pusat                         249                    129                 378                 252              129          381
Head Office

Ad Hoc                                   178                 96                 274                  171             72           243
Ad Hoc

Regional I                          2.150                  496                2.646                2.148             512        2.660
Region I

Regional II                          690                    197                 887                 717             206           923
Region II

Regional III                         1.021                  224                1245                 970              216         1.186
Region III

Regional IV                          649                    272                  921                674             279           953
Region IV

Regional V                           398                     116                 514                410              121          531
Region V

Regional VI                          435                     115                550                 421              113          534
Region VI

Perbantuan                               214                  51                265                 386              95           481
Secondment
Employees

Jumlah                              5.984                 1.696              7.680                 6.149           1.743        7.892
Total




                                                                                              PT Angkasa Pura Indonesia 2025 Annual Report   137
Page 138
        Ikhtisar 2025       Laporan Manajemen     Tentang Perusahaan      Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report     About the Company       Management Discussion and Analysis     Corporate Governance




      ALAMAT KANTOR CABANG
      BRANCH OFFICE ADDRESSES



       Bandara Internasional                    Bandara Internasional                         Bandara Internasional
       Soekarno-Hatta Tangerang                 Kualanamu Deli Serdang                        Raja Sisingamangaraja
       Soekarno-Hatta International             Kualanamu International                       XII Tapanuli Utara
       Airport Tangerang                        Airport Deli Serdang                          Raja Sisingamangaraja
                                                                                              XII International Airport
       Kantor Cabang Utama Gedung 601           Jl. Bandara Kualanamu                         North Tapanuli
       Jl. M1, Bandara Internasional            Desa Beringin – Kec. Beringin
       Soekarno-Hatta                           Kab. Deli Serdang 20552                       Jl. Raya Muara No. 01
       Kel. Pajang – Kec. Benda                 Sumatera Utara                                Kel. Silando – Kec. Siborongborong
       Kota Tangerang 15126                     Phone: (+62) 61 8888 0300 ext. 7009           Kab. Tapanuli Utara 22747
       Banten                                   Fax: (+62) 61 7955146                         Sumatera Utara
       PO BOX 1001/BUSH                                                                       Phone: (+62) 633 41920
       Phone: (+62) 21 550 7300                                                               Fax: (+62) 633 41920
       Fax: (+62) 21 550 6823



       Bandara Internasional Sultan             Bandara Internasional                         Bandara Internasional
       Syarif Kasim II Pekanbaru                Minangkabau Padang                            H.A.S. Hanandjoeddin
       Sultan Syarif Kasim II International     Minangkabau International                     Tanjung Pandan
       Airport Pekanbaru                        Airport Padang                                H.A.S. Hanandjoeddin International
                                                                                              Airport Tanjung Pandan
       Jl. Perhubungan Udara                    Jl. Mr. Mohammad Rasyid
       Kel. Maharatu – Kec.                     Nagari Ketaping – Kec. Batang Anai            Jl. Jenderal Sudirman KM 15
       Marpoyan Damai                           Kab. Padang Pariaman 25585                    Kel. Perawas – Kec.
       Kota Pekanbaru 28284                     Sumatera Barat                                Tanjung Pandan
       Riau                                     Phone: (+62) 751 819123                       Kab. Belitung 33413
       Phone: (+62) 761 674694 ext. 7009        Fax: (+62) 751 819040                         Kepulauan Bangka Belitung
       Fax: (+62) 761 674694                                                                  Phone: (0719) 22020 / 21385
                                                                                              Fax: (0719) 22021



       Bandara Internasional                    Bandara Internasional                         Bandara Internasional Halim
       Sultan Mahmud Badaruddin                 Supadio Pontianak                             Perdanakusuma Jakarta
       II Palembang                             Supadio International                         Halim Perdanakusuma
       Sultan Mahmud Badaruddin II              Airport Pontianak                             International Airport Jakarta
       International Airport Palembang

       Jl. Letjen Harun Sohar                   Jl. Adi Sucipto KM 17                         Jl. Protokol Halim Perdanakusuma
       Kel. Kebun Bunga – Kec. Sukarami         Desa Limbung – Kec. Sungai Raya               Kel. Halim Perdanakusuma
       Kota Palembang 30761                     Kab. Kubu Raya 78381                          – Kec. Makasar
       Sumatera Selatan                         Kalimantan Barat                              Jakarta Timur 13610
       Phone: (+62) 711 385002 ext. 2053        Phone: (+62) 561 721560                       DKI Jakarta
       Fax: (+62) 711 385015                    Fax: (+62) 561 721212                         Phone: (+62) 21 8091108
                                                                                              Fax: (+62) 21 8093351



       Bandara Internasional Sultan             Bandara Internasional                         Bandara Internasional
       Iskandar Muda Banda Aceh                 Kertajati Majalengka                          Banyuwangi
       Sultan Iskandar Muda                     Kertajati International                       Banyuwangi International Airport
       International Airport Banda Aceh         Airport Majalengka

       Jl. Bandara Sultan Iskandar Muda         Jl. Bandara Kertajati                         Jl. Agung Wilis
       Desa Blang Bintang –                     Desa Kertajati – Kec. Kertajati               Desa Blimbingsari –
       Kec. Blang Bintang                       Kab. Majalengka 45457                         Kec. Rogojampi
       Kab. Aceh Besar 23372                    Jawa Barat                                    Kab. Banyuwangi 68462
       Aceh                                     Phone: (0231) 3000301                         Jawa Timur
       Phone: (+62) 651 21341                                                                 Phone: (0333) 636680
       Fax: (+62) 651 34240




138   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 139
 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




Bandara Internasional Raja Haji                   Bandara Depati Amir                            Bandara Husein
Fisabilillah Tanjungpinang                        Pangkalpinang                                  Sastranegara Bandung
Raja Haji Fisabilillah International              Depati Amir Airport                            Husein Sastranegara
Airport Tanjungpinang                             Pangkalpinang                                  Airport Bandung

Jl. Adi Sucipto KM 12                             Jl. Koba KM 7                                  Jl. Pajajaran No. 156
Kel. Pinang Kencana – Kec.                        Kel. Selindung – Kec. Gabek                    Kel. Arjuna – Kec. Cicendo
Tanjungpinang Timur                               Kota Pangkalpinang 33684                       Kota Bandung 40174
Kota Tanjungpinang 29125                          Kepulauan Bangka Belitung                      Jawa Barat
Kepulauan Riau                                    Phone: (+62) 717 4261238                       Phone: (+62) 22 6033889
Phone: (+62) 771 442434                           Fax: (+62) 717 4261238                         Fax: (+62) 22 6033971



Bandara Tjilik Riwut                              Bandara Jenderal Besar                         Bandara Internasional I
Palangkaraya                                      Soedirman Purbalingga                          Gusti Ngurah Rai Bali
Tjilik Riwut Airport Palangkaraya                 Jenderal Besar Soedirman                       I Gusti Ngurah Rai
                                                  Airport Purbalingga                            International Airport Bali

Jl. A. Donis Samad                                Jl. Lanud Wirasaba                             Gedung Wisti Sabha
Kel. Panarung – Kec. Pahandut                     Desa Bukateja – Kec. Bukateja                  Jl. Raya I Gusti Ngurah Rai
Kota Palangka Raya 73111                          Kab. Purbalingga 53382                         Kel. Tuban – Kec. Kuta
Kalimantan Tengah                                 Jawa Tengah                                    Kab. Badung 80361
Phone: (0536) 3221929                             Phone: -                                       Bali
Fax: (0536) 3225710                               Fax: -                                         Phone: (+62) 361 9351011
                                                                                                 Fax: (+62) 361 9351032



Bandara Internasional Sultan                      Bandara Internasional                          Bandara Internasional
Hasanuddin Makassar                               Juanda Surabaya                                Pattimura Ambon
Sultan Hasanuddin International                   Juanda International                           Pattimura International
Airport Makassar                                  Airport Surabaya                               Airport Ambon

Jl. Bandara Lama                                  Jl. Ir. Juanda                                 Jl. Dr. J. Leimena – Laha
Kel. Hasanuddin – Kec. Mandai                     Kel. Sedati Agung – Kec. Sedati                Kel. Laha – Kec. Teluk Ambon
Kab. Maros 90552                                  Kabupaten Sidoarjo 61253                       Kota Ambon 97236
Sulawesi Selatan                                  Jawa Timur                                     Maluku
Phone: (+62) 411 550123                           Phone: (+62) 31 2986200 / 2986700              Phone: (+62) 911 323770
Fax: (+62) 411 553183                             Fax: (+62) 31 8667506                          Fax: (+62) 911 323773



Bandara Internasional Jenderal                    Bandara Internasional                          Bandara Internasional
Ahmad Yani Semarang                               Adi Soemarmo Solo                              El Tari Kupang
Jenderal Ahmad Yani                               Adi Soemarmo International                     El Tari International
International Airport Semarang                    Airport Solo                                   Airport Kupang



Jl. Bandara Ahmad Yani                            Jl. Cendrawasih                                Terminal B, Jl. Adi Sucipto
Kel. Tambakharjo – Kec.                           Kel. Ngesrep – Kec. Ngemplak                   Kel. Oesapa Selatan –
Semarang Barat                                    Kabupaten Boyolali 57375                       Kec. Kelapa Lima
Kota Semarang 50145                               Jawa Tengah                                    Kota Kupang 85361
Jawa Tengah                                       Phone: (+62) 271 780400                        Nusa Tenggara Timur
Phone: (+62) 24 86000600                          Fax: (+62) 271 780715                          Phone: (+62) 380 881668
Fax: (+62) 24 7603506                                                                            Fax: (+62) 380 881263



Bandara Internasional                             Bandara Internasional SAMS                     Bandara Adisutjipto Yogyakarta
Frans Kaisiepo Biak                               Sepinggan Balikpapan                           Adisutjipto Airport Yogyakarta
Frans Kaisiepo International                      SAMS Sepinggan International
Airport Biak                                      Airport Balikpapan

Jl. M. Yamin                                      Jl. Marsma R. Iswahyudi                        Jl. Raya Solo KM 9
Kel. Biak Kota – Kec. Biak Kota                   Kel. Sepinggan – Kec.                          Kel. Maguwoharjo – Kec. Depok
Kabupaten Biak Numfor 98111                       Balikpapan Selatan                             Kabupaten Sleman 55282
Papua                                             Kota Balikpapan 76115                          Daerah Istimewa Yogyakarta
Phone: (+62) 981 22555                            Kalimantan Timur                               Phone: (+62) 274 484261
Fax: (+62) 981 22106                              Phone: (+62) 542 766886                        Fax: (+62) 274 48815
                                                  Fax: (+62) 542 766832



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        2025 Highlights     Management Report    About the Company         Management Discussion and Analysis     Corporate Governance




       Bandara Internasional                    Bandara Internasional                          Bandara Internasional
       Sam Ratulangi Manado                     Yogyakarta Kulon Progo                         Zainuddin Abdul
       Sam Ratulangi International              Yogyakarta International                       Madjid Lombok
       Airport Manado                           Airport Kulon Progo                            Zainuddin Abdul Madjid
                                                                                               International Airport Lombok

       Jl. A.A. Maramis                         Jl. Raya Wates KM 42                           Jl. Bypass BIL Praya–Tanak Awu
       Kel. Mapanget – Kec. Mapanget            Kel. Glagah – Kec. Temon                       Kel. Tanak Awu – Kec. Pujut
       Kota Manado 95374                        Kabupaten Kulon Progo 55654                    Kabupaten Lombok Tengah 83573
       Sulawesi Utara                           Daerah Istimewa Yogyakarta                     Nusa Tenggara Barat
       Phone: (+62) 431 814320                  Phone: (+62) 274 4606000                       Phone: (+62) 370 6157000
       Fax: (+62) 431 811595                    Fax: (+62) 274 4606060                         Fax: (+62) 370 6157010



       Bandara Internasional                    Bandara Sultan Thaha Jambi                     Bandara Internasional Kediri
       Sentani Jayapura                         Sultan Thaha Airport Jambi                     Kediri International Airport
       Sentani International
       Airport Jayapura

       Jl. PLN Sentani                          Jl. Jawa                                       Desa Grogol – Kec. Banyakan
       Kel. Sentani Kota – Kec. Sentani         Kel. Paal Merah – Kec.                         Kabupaten Kediri 64157
       Kabupaten Jayapura 99352                 Jambi Selatan                                  Jawa Timur
       Papua                                    Kota Jambi 36127                               Phone: (+62) 35 2810200
       Phone: (+62) 967 591168                  Jambi                                          Fax: (+62) 35 2810200
                                                Phone: (+62 741) 572 344
                                                Fax: -



       Bandara Fatmawati                        Bandara Internasional
       Soekarno Bengkulu                        Hang Nadim Batam
       Fatmawati Soekarno                       Hang Nadim International
       Airport Bengkulu                         Airport Batam

       Jl. Raya Padang Kemiling                 Jl. Hang Nadim No. 01
       Kel. Pekan Sabtu – Kec. Selebar          Kel. Batu Besar – Kec. Nongsa
       Kota Bengkulu 38877                      Kota Batam 29466
       Bengkulu                                 Kepulauan Riau
       Phone: (+62 736) 510 40                  Phone: 0811 700 2313
       Fax: (+62 736) 514 50                    Fax: -



       Bandara Internasional                    Bandara Internasional Radin
       Syamsudin Noor Banjarmasin               Inten II Bandar Lampung
       Syamsudin Noor International             Radin Inten II International
       Airport Banjarmasin                      Airport Bandar Lampung

       Jl. Akses Bandara Baru                   Jl. Branti Raya
       Kel. Landasan Ulin Utara                 Desa Branti Raya – Kec. Natar
       – Kec. Landasan Ulin                     Kabupaten Lampung
       Kota Banjarbaru 70713                    Selatan 35362
       Kalimantan Selatan                       Lampung
       Phone: (+62 511) 790 3300                Phone: -
       Fax: (+62 511) 470 5261                  Fax: -




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 Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




KEANGGOTAAN ASOSIASI
ASSOCIATION MEMBERSHIP




   Airports Council International (ACI)                                       Indonesia National Air Carriers
                                                                              Association (INACA)

   Lingkup                         Status Keanggotaan                         Lingkup                   Status Keanggotaan
   Scope                           Membership Status                          Scope                     Membership Status

   Internasional                   Anggota                                    Internasional             Anggota
   International                   Member                                     International             Member




   Indonesia Contact Center
   Association (ICCA)

   Lingkup                         Status Keanggotaan
   Scope                           Membership Status

   Nasional                        Anggota
   National                        Member




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              04                 Diskusi dan Analisis
                                 Manajemen
                                 Management Discussion and Analysis



              Tinjauan Ekonomi dan Industri
              Economic and Industry Review                            144

              Tinjauan Operasional Per Segmen Usaha
              Operational Review by Business Segments                 148

              Tinjauan Pemasaran
              Marketing Review                                        158

              Tinjauan Unit Pendukung Lainnya
              Other Supporting Units Review                           179

              Tinjauan Keuangan
              Financial Review                                        193

              Tinjauan Permodalan
              Capital Review                                          203

              Informasi Transaksi Material
              Information on Material Transactions                    206

              Prospek dan Proyeksi Usaha
              Business Prospects and Projections                      216

              Dividen
              Dividend                                                218

              Realisasi Penggunaan Dana Hasil Penawaran Umum
              Utilization of Proceeds from the Public Offering        219

              Perubahan Peraturan dan Dampaknya
              Regulatory Changes and Their Impacts                    220




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        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      TINJAUAN EKONOMI DAN INDUSTRI
      ECONOMIC AND INDUSTRY REVIEW




          Paparan Ekonomi
      Economic Overview

      Perekonomian global pada tahun 2025 diwarnai oleh                The global economy in 2025 was marked by significant
      tantangan berat dengan proyeksi pertumbuhan yang                 challenges, with projected growth slowing to 3.3% and
      melambat menjadi 3,3% dan tingkat inflasi dunia yang             global inflation remaining elevated at 3.9%. This slowdown
      masih tertahan pada level 3,9%. Perlambatan ini sangat           was largely driven by the United States’ protectionist
      dipengaruhi oleh kebijakan proteksionis Amerika Serikat          policies, particularly the implementation of a universal
      melalui pengenaan tarif impor universal sebesar 10%.             import tariff of 10%. The aggressive policy stance also
      Kebijakan agresif ini turut memuat tarif resiprokal yang         included exceptionally high reciprocal tariffs imposed on
      sangat tinggi kepada 57 negara mitra dagang, termasuk            57 trading partner countries, including effective tariffs of
      pengenaan tarif efektif hingga 54% bagi Tiongkok, 25%            up to 54% on China, 25% on Canada and Mexico, as well
      bagi Kanada dan Meksiko, serta tarif yang signifikan bagi        as substantial tariffs on developing countries such as
      negara berkembang seperti Kamboja sebesar 49% dan                Cambodia at 49% and Vietnam at 46%.
      Vietnam sebesar 46%.

      Imbasnya, pertumbuhan ekonomi kelompok negara                    As a result, economic growth among advanced economies
      maju diproyeksikan hanya mencapai 1,7% pada 2025,                is projected to reach only 1.7% in 2025, with the United
      dengan Amerika Serikat sendiri melambat menjadi 2,1%,            States itself slowing to 2.1%, while emerging economies
      sementara kelompok negara berkembang atau emerging               are estimated to grow at 4.3%. Geopolitical tensions
      economies diestimasikan tumbuh pada angka 4,3%.                  and tariff policies have also triggered policy divergence
      Ketegangan geopolitik dan kebijakan tarif tersebut juga          with the European Central Bank, which adopted a more
      memicu divergensi dengan European Central Bank, yang             accommodative stance by cutting its benchmark interest
      lebih progresif menurunkan suku bunganya hingga 2,0%             rate to 2.0% in the second quarter of 2025 in an effort to




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pada triwulan II 2025 guna menstimulasi pertumbuhan                      stimulate euro area growth to 1.3%.
kawasan Eropa menjadi 1,3%.

Di sisi lain, kawasan Asia menunjukkan resilience yang                   Meanwhile, Asia demonstrated relatively solid resilience in
cukup solid pada tahun 2025, di mana pertumbuhan                         2025. China’s economic growth moderated but remained
ekonomi Tiongkok tercatat melambat namun terjaga di                      stable at 5.0%, India led with a robust expansion of 7.4%,
angka 5,0%, India memimpin dengan 7,4%, dan kawasan                      and the ASEAN-5 economies recorded growth of 4.4%
ASEAN-5 mencatatkan laju pertumbuhan 4,4% dengan                         with inflation kept well under control at approximately
tingkat inflasi yang sangat terkendali di sekitar 2,7%.                  2.7%.

Meskipun demikian, pesatnya transaksi derivatif berbasis                 Nevertheless, the rapid expansion of government debt-
utang pemerintah serta tokenisasi dana obligasi AS                       based derivative transactions, along with the tokenization
yang transaksinya mencapai sekitar 7,4 miliar dolar                      of U.S. bond funds whose transactions reached
AS menuntut Indonesia dan emerging economies                             approximately USD 7.4 billion, underscores the need for
lainnya untuk memperkuat ketahanan fundamental                           Indonesia and other emerging economies to strengthen
ekonomi, menjaga stabilitas makroekonomi, serta                          their economic fundamentals, safeguard macroeconomic
mengakselerasi pendalaman pasar keuangan domestik                        stability, and accelerate the deepening of domestic
guna mengantisipasi gejolak eksternal lanjutan.                          financial markets to anticipate further external volatility.

Di tengah tingginya gejolak dan ketidakpastian global,                   Amid heightened global volatility and uncertainty,
perekonomian Indonesia sepanjang tahun 2025                              Indonesia’s economy demonstrated impressive resilience
menunjukkan ketangguhan yang impresif dengan                             throughout 2025, recording growth of 5.11%, surpassing
mencatatkan pertumbuhan sebesar 5,11%, melampaui                         the 5.03% achieved in 2024. This performance drove
capaian tahun 2024 yang sebesar 5,03%. Kinerja ini                       Gross Domestic Product (GDP) at current prices to reach
mendorong besaran Produk Domestik Bruto (PDB) atas                       Rp23,821.1 trillion, with GDP per capita rising to Rp83.7
dasar harga berlaku menembus angka Rp23.821,1 triliun,                   million, equivalent to USD 5,083.4. This momentum
dengan PDB per kapita mencapai Rp83,7 juta atau setara                   was supported by Consumer Price Index inflation
USD 5.083,4. Momentum tersebut didukung tingkat                          that remained well within the target range of 2.5±1%,
inflasi Indeks Harga Konsumen (IHK) yang terkendali                      a stable Rupiah exchange rate, and a sustained trade
dalam sasaran 2,5±1%, nilai tukar Rupiah yang tetap stabil,              surplus fueled by strong non-oil and gas exports and
serta surplus neraca perdagangan dari tingginya ekspor                   the continued implementation of downstream natural
nonmigas dan kelanjutan program hilirisasi sumber daya                   resource processing programs.
alam.

Dari sisi produksi, hampir seluruh sektor lapangan usaha                 From the production side, nearly all business sectors
mencatatkan kinerja ekspansif, yang dipimpin oleh                        recorded expansionary performance. Growth was led by
sektor Jasa Lainnya dengan pertumbuhan 9,93%, disusul                    the Other Services sector at 9.93%, followed by Business
Jasa Perusahaan sebesar 9,10%, serta Transportasi dan                    Services at 9.10%, and Transportation and Warehousing at
Pergudangan sebesar 8,78%. Laju pertumbuhan sektoral                     8.78%. This sectoral expansion was accompanied by solid
ini beriringan dengan stabilitas sistem keuangan yang                    financial system stability, with Bank Indonesia adopting
kokoh, di mana Bank Indonesia menempuh pelonggaran                       a more accommodative monetary stance by lowering
kebijakan moneter dengan menurunkan suku bunga                           the BI-Rate to 4.75%. This strategic move had a positive
BI-Rate menjadi 4,75%. Langkah strategis tersebut                        impact on bank lending, which grew robustly by 9.69%,
berdampak positif pada penyaluran kredit perbankan                       supported by a resilient banking industry reflected in a
yang tumbuh kuat sebesar 9,69%, didukung oleh                            strong Capital Adequacy Ratio (CAR) of 26.05% and a well-
ketahanan industri perbankan yang tercermin dari rasio                   maintained gross Non-Performing Loan (NPL) ratio of
kecukupan modal (Capital Adequacy Ratio/CAR) sebesar                     2.21%.
26,05% dan risiko kredit bermasalah (Non-Performing
Loan/NPL) bruto yang terjaga pada 2,21%.

Pencapaian kinerja perekonomian yang berdaya tahan                       This resilient and inclusive economic performance
dan inklusif ini merupakan hasil langsung dari kebijakan                 was the direct result of prudently managed fiscal
fiskal yang dikelola secara berhati-hati, yaitu dengan                   policy, maintaining the budget deficit below the 3% of
menjaga defisit di bawah ambang batas 3% dari PDB                        GDP threshold, harmonized with balanced monetary,
yang diharmonisasikan dengan kebijakan moneter,                          macroprudential, and payment system policies that
makroprudensial, dan sistem pembayaran yang seimbang                     carefully aligned stability with growth objectives. In line
antara stabilitas dan pertumbuhan. Sejalan dengan upaya                  with structural recovery efforts, the acceleration of digital
pemulihan struktural, akselerasi digitalisasi ekonomi                    economic and financial transformation continued to
dan keuangan terus berkembang pesat. Pertumbuhan                         gain momentum. The sharp rise in digital transactions,



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        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      transaksi digital yang melonjak tajam, terutama melalui          particularly through the widespread adoption of QRIS
      adopsi QRIS dan BI-FAST, semakin memperkokoh                     and BI-FAST, further strengthened Indonesia’s digital
      ekosistem ekonomi digital di seluruh penjuru Indonesia.          economic ecosystem across the nation.




          Paparan Industri
      Industrial Overview

      Tahun 2025 menjadi periode yang penuh tantangan bagi             The year 2025 marked a challenging period for Indonesia’s
      industri penerbangan dan kebandarudaraan di Indonesia.           aviation and airport industry. On an aggregate basis, the
      Secara agregat, Perusahaan mencatatkan penurunan                 Company recorded a 1.3% decline in passenger traffic
      jumlah penumpang sebesar 1,3% dan pergerakan pesawat             and a 0.2% decrease in aircraft movements compared
      sebesar 0,2% dibandingkan tahun 2024. Meskipun pada              to 2024. Although during peak periods, such as the 2025
      periode puncak, seperti Angkutan Lebaran 2025, volume            Eid Transportation season, passenger volume grew by
      penumpang sempat tumbuh 2,7% dengan total 10,84                  2.7% to reach a total of 10.84 million passengers, this
      juta orang, lonjakan musiman tersebut rupanya belum              seasonal surge was not sufficient to reverse the overall
      mampu membalikkan tren penurunan total di seluruh                downward trend across all airports under the Company’s
      bandara kelolaan sepanjang tahun.                                management throughout the year.

      Di tengah lesunya performa nasional, Bandara                     Amid the subdued national performance, I Gusti Ngurah
      Internasional I Gusti Ngurah Rai Bali justru mencatatkan         Rai International Airport in Bali recorded growth, serving
      pertumbuhan dengan melayani 24,1 juta penumpang,                 24.1 million passengers, an increase of 0.8% from 23.9
      naik 0,8% dari 23,9 juta penumpang pada 2024. Dengan             million passengers in 2024. With a total of 143,041 aircraft
      total pergerakan pesawat sebanyak 143.041, profil                movements, the mobility profile in Bali was dominated
      mobilitas di Bali didominasi oleh wisatawan mancanegara          by international tourists, reaching more than 15 million
      yang mencapai lebih dari 15 juta orang serta 9 juta orang        people, alongside 9 million domestic passengers. This
      penumpang domestik. Dinamika ini menunjukkan                     dynamic indicates that despite the significant operational
      bahwa meskipun industri penerbangan nasional sedang              pressures faced by the national aviation industry, the
      mengalami tekanan operasional yang cukup berat, daya             appeal of tourism remains a key pillar in sustaining air
      tarik pariwisata tetap menjadi tumpuan utama yang                mobility stability at Indonesia’s primary gateways.



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menjaga stabilitas mobilitas udara di gerbang-gerbang
utama Indonesia.

Berdasarkan data dari Indonesia National Air Carriers                    Based on data from the Indonesia National Air Carriers
Association (INACA), kinerja industri penerbangan                        Association (INACA), the performance of the national
nasional pada tahun 2025 cenderung lebih lesu dan belum                  aviation industry in 2025 remained subdued and has yet
mampu kembali pada kondisi normal seperti sebelum                        to return to pre-COVID-19 pandemic levels. Throughout
masa pandemi Covid 19. Sepanjang sembilan bulan                          the first nine months of 2025, total domestic flights
pertama tahun 2025, total penerbangan domestik hanya                     reached only 72% of the previous year’s flight frequency.
mencapai 72% dari frekuensi terbang tahun lalu. Sektor                   The air logistics sector also experienced contraction, with
pengiriman logistik udara juga mengalami kontraksi,                      domestic cargo volumes declining compared to the
dimana volume angkutan kargo domestik menyusut dari                      previous year. This weakening trend has directly affected
perolehan tahun sebelumnya. Tren pelemahan tersebut                      the overall national flight frequency.
berdampak langsung pada frekuensi penerbangan
nasional secara keseluruhan.

Hal ini bermuara dari menyusutnya ketersediaan armada                    This situation is primarily attributable to the reduced
pesawat yang layak terbang serta tingginya beban                         availability of airworthy aircraft and the increasing
operasional maskapai. Hingga bulan Desember 2025,                        operational burden borne by airlines. As of December
jumlah pesawat komersial yang terdaftar mencapai 568                     2025, the total number of registered commercial aircraft
unit, namun hanya 368 unit yang berstatus siap operasi.                  stood at 568 units; however, only 368 units were classified
Angka ketersediaan armada tersebut hanya 74% dari                        as operationally ready. This level of fleet availability
total 500 unit pesawat yang siap pakai pada tahun 2024.                  represents only 74% of the 500 aircraft that were
Sebaliknya, jumlah pesawat yang harus menjalani proses                   serviceable in 2024. Conversely, the number of aircraft
perawatan melonjak tajam sebesar 244% menjadi 200                        undergoing maintenance surged significantly by 244%
unit, berbanding terbalik dengan kondisi tahun 2024                      to 200 units, compared to only 82 units in maintenance
yang hanya menyisakan 82 unit di fasilitas pemeliharaan.                 facilities in 2024.

Situasi operasional tersebut diperparah dengan adanya                    These operational challenges have been further
penguatan nilai tukar mata uang asing, kenaikan harga                    exacerbated by the strengthening of foreign exchange
bahan bakar avtur, serta beban bea masuk suku cadang.                    rates, rising aviation fuel (avtur) prices, and the burden
Oleh karena itu, asosiasi penerbangan menekankan                         of import duties on spare parts. Accordingly, the aviation
perlunya intervensi kebijakan pemerintah melalui                         association has emphasized the need for government
penurunan biaya operasional dan penyesuaian aturan                       policy intervention through the reduction of operational
tarif batas atas guna memulihkan stabilitas industri aviasi              costs and adjustments to the upper fare limit regulations
nasional.                                                                in order to restore stability within the national aviation
                                                                         industry.




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        2025 Highlights    Management Report      About the Company         Management Discussion and Analysis    Corporate Governance




      TINJAUAN OPERASIONAL
      PER SEGMEN USAHA
      OPERATIONAL REVIEW BY BUSINESS SEGMENTS




      Segmen operasi Perusahaan merupakan komponen                     The Company’s operating segments are components of
      entitas yang terlibat dalam aktivitas bisnis untuk               the entity that engage in business activities to generate
      menghasilkan pendapatan dan menimbulkan beban.                   revenue and incur expenses. The operating results of each
      Hasil operasi dari setiap segmen dikaji secara berkala           segment are periodically reviewed by the operational
      oleh pengambil keputusan operasional sebagai dasar               decision-maker as a basis for allocating resources and
      dalam pengalokasian sumber daya serta evaluasi kinerja           evaluating the performance of each segment.
      masing-masing segmen.

      Sebagai   perusahaan       penyedia   jasa   pelayanan           As an airport services provider, the Company has two
      kebandarudaraan, Perusahaan memiliki dua segmen                  primary business segments: aeronautical services and
      usaha utama, yaitu jasa aeronautika dan nonaeronautika.          non-aeronautical services. In 2025, the two segments
      Pada tahun 2025, kedua segmen tersebut berkontribusi             contributed Rp13,41 trillion and Rp7,80 trillion, respectively,
      masing-masing sebesar Rp13,41 triliun dan Rp7,80 triliun,        with percentages of 63% and 37%.
      dengan persentase mencapai 63% dan 37%.




          Pergerakan Pesawat, Penumpang, dan Kargo
      Aircraft, Passenger, and Cargo Movement

      Pada tahun 2025, seluruh bandara yang dikelola                   In 2025, all airports managed by the Company served
      Perusahaan melayani 1.160.412 pergerakan pesawat, 154,01         1,160,412 aircraft movements, 154.01 million passenger
      juta pergerakan penumpang, dan 1.494.519 ton kargo.              movements, and 1,494,519 tons of cargo. Compared to



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Dibandingkan dengan tahun 2024, pergerakan pesawat                              2024, aircraft and passenger movements decreased
dan penumpang masing-masing mengalami penurunan                                 by 0.18% and 1.27%, respectively, while cargo volume
sebesar 0,18% dan 1,27%, namun volume kargo berhasil                            recorded a growth of 0.82%.
mencatatkan peningkatan sebesar 0,82%.



                                 Tabel Pergerakan Pesawat, Penumpang, dan Kargo
                                        Table of Aircraft, Passenger, and Cargo Movement


     Uraian               Satuan                   2025              RKAP 2025            Pencapaian           2024        Pertumbuhan
  Description               Unit                                                            RKAP                              vs 2024
                                                                                            RKAP                           Growth vs 2024
                                                                                         Achievement

 Pesawat             pergerakan                    1.160.412            1.216.540              95,39%          1.162.522        (0,18%)
 Aircraft            movements

 Penumpang           juta orang                       154,01               162,56             94,74%             155,99         (1,27%)
 Passengers          million people

 Kargo               ton                           1.494.519            1.481.123             100,90%         1.482.413          0,82%
 Cargo               tons




Pada tahun 2025, jumlah pergerakan pesawat yang                                 In 2025, the number of aircraft movements managed
dikelola Perusahaan tercatat sebesar 1.160.412 pergerakan,                      by the Company was recorded at 1,160,412 movements,
yang didominasi oleh pergerakan pesawat rute domestik                           dominated by domestic route aircraft movements
sebesar 912.742 pergerakan atau sebesar 78,66% dari total                       amounting to 912,742 movements or 78.66% of the total
pergerakan pesawat, serta 247.670 pergerakan pesawat                            aircraft movements, as well as 247,670 international route
rute internasional atau sebesar 21,34% dari total pergerakan                    movements or 21.34% of the total aircraft movements. The
pesawat. Jumlah pergerakan pesawat tahun 2025 tersebut                          number of aircraft movements in 2025 decreased by 0.18%
mengalami penurunan sebesar 0,18% dibandingkan                                  compared to the realization in 2024 and was equivalent to
realisasi tahun 2024 dan mencapai 95,39% dari target RKAP                       95.39% of the 2025 RKAP target.
2025.

                                      Tabel Pergerakan Pesawat Berdasarkan Rute
                                                   Table of Aircraft Movement by Route


               Uraian                              2025              RKAP 2025            Pencapaian           2024        Pertumbuhan
            Description                                                                     RKAP                              vs 2024
                                                                                            RKAP                           Growth vs 2024
                                                                                         Achievement

 Internasional                                     247.670               226.926               109,14%         222.798            11,16%
 International

 Domestik                                           912.742              989.614               92,23%          939.724           (2,87%)
 Domestic

 Jumlah                                            1.160.412           1.216.540               95,39%         1.162.522         (0,18%)
 Total




Pada tahun 2025, Perusahaan melayani lebih dari 154,01                          In 2025, the Company served more than 154.01 million
juta penumpang, yang terdiri atas 40,91 juta penumpang                          passengers, consisting of 40.91 million international
internasional atau sebesar 26,56% dan 113,10 juta                               passengers or 26.56% and 113.10 million domestic route
penumpang rute domestik atau sebesar 73,44% dari total                          passengers or 73.44% of the total passengers. This
penumpang. Capaian tersebut setara dengan 94,74%                                achievement was equivalent to 94.74% of the 2025 RKAP
dari target RKAP 2025. Jumlah pergerakan penumpang                              target. The number of passenger movements in 2025
tahun 2025 tersebut mengalami penurunan sebesar                                 experienced a decrease of 1.27% compared to 2024.
1,27% dibandingkan tahun 2024.



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        2025 Highlights        Management Report         About the Company         Management Discussion and Analysis       Corporate Governance




                          Tabel Pergerakan Penumpang Berdasarkan Rute (dalam Juta Orang)
                                     Table of Passenger Movement by Route (in Million People)


                      Uraian                        2025            RKAP 2025          Pencapaian               2024           Pertumbuhan
                   Description                                                           RKAP                                     vs 2024
                                                                                         RKAP                                 Growth vs 2024
                                                                                      Achievement

      Internasional                                  40,91              39,42             103,78%                 37,95              7,80%
      International

      Domestik                                       113,10             123,14              91,85%               118,04             (4,19%)
      Domestic

      Jumlah                                        154,01             162,56              94,74%                155,99             (1,27%)
      Total



      Pada tahun 2025, Perusahaan melayani lebih dari 1.494.519               In 2025, the Company handled more than 1,494,519 tons
      ton kargo, yang terdiri atas 1.075.123 ton kargo domestik               of cargo, comprising 1,075,123 tons of domestic cargo or
      atau sebesar 71,94% dan 419.396 ton kargo internasional                 71.94% and 419,396 tons of international cargo or 28,06%
      atau sebesar 28,06% dari total kargo. Jumlah tersebut                   of total cargo. This volume recorded a slight decrease of
      mengalami kenaikan sebesar 0,82% dibandingkan tahun                     0.82% compared to 2024 and achieved 100.90% of the
      2024, serta mencapai 100,90% dari target RKAP 2025.                     2025 RKAP target.



                                  Tabel Pergerakan Kargo Berdasarkan Rute (dalam ton)
                                              Table of Cargo Movement by Route (in tons)


                      Uraian                        2025            RKAP 2025          Pencapaian               2024           Pertumbuhan
                   Description                                                           RKAP                                     vs 2024
                                                                                         RKAP                                 Growth vs 2024
                                                                                      Achievement

      Internasional                                 419.396             388.178           108,04%                413.147               1,51%
      International

      Domestik                                     1.075.123          1.092.945            98,37%             1.069.266               0,55%
      Domestic

      Jumlah                                       1.494.519           1.481.123          100,90%             1.482.413              0,82%
      Total




                                   Tabel Pendapatan Per Segmen Usaha (dalam Rp Juta)
                                           Table of Cargo Movement by Route (in Rp million)


                      Uraian                        2025            RKAP 2025          Pencapaian               2024           Pertumbuhan
                   Description                                                           RKAP                                     vs 2024
                                                                                         RKAP                                 Growth vs 2024
                                                                                      Achievement

      Jasa Aeronautika                             13.414.343        13.880.200            96,64%              13.138.370            2,10%
      Aeronautical Services

      Jasa Nonaeronautika                          7.799.437           7.565.721          103,09%               7.352.645           6,08%
      Non-Aeronautical Services

      Jumlah                                       21.213.780        21.445.921            98,92%             20.491.015             3,53%
      Total




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     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




       Segmen Jasa Aeronautika
Aeronautical Services Segment

Segmen usaha aeronautika menyediakan pelayanan jasa                         The aeronautical business segment provided services
yang terdiri atas:                                                          consisting of:

1.   Pelayanan Jasa Pendaratan, Penempatan, dan                             1.   Aircraft Landing, Parking, and Storage Services
     Penyimpanan Pesawat Udara (PJP4U);                                          (PJP4U);
2.   Pelayanan Jasa Penumpang Pesawat Udara (PJP2U);                        2.   Aircraft Passenger Services (PJP2U);
3.   Pelayanan Jasa Garbarata (aviobridge);                                 3.   Garbarata Services (aviobridge);
4.   Pelayanan Jasa Konter Pelaporan Keberangkatan                          4.   Departure Reporting Counter Services (check-in
     (check-in counter); dan                                                     counter); and
5.   Pelayanan Jasa Kargo dan Pos Pesawat Udara (PJKP2U).                   5.   Aircraft Cargo and Postal Services (PJKP2U).

Berikut adalah ringkasan kinerja produksi segmen jasa                       The following is a summary of the production performance
aeronautika tahun 2025:                                                     of the aeronautical services segment in 2025:

                                  Tabel Produksi Segmen Jasa Aeronautika (Unaudited)
                               Table of Production of Aeronautical Services Segment (Unaudited)


      Sub-Segmen                    Satuan            2025             RKAP 2025          Pencapaian        2024       Pertumbuhan
     Sub-Segments                     Unit                                                  RKAP                          vs 2024
                                                                                             RKAP                         Growth
                                                                                          Achievement                     vs 2024


 PJP4U

 Domestik                    Ribu Ton                 149.262              175.154           85,22%         88.859          67,98%
 Domestic                    Thousand Tons

 Internasional               Ribu Ton                  82.809               79.267          104,47%          46.652         77,50%
 International               Thousand Tons

 Sub Total                                            232.071             254.422            91,22%         135.512         71,26%


 PJP2U

 Domestik                    Ribu Pax                  50.379               52.459           96,03%         52.084          (3,27%)
 Domestic                    Thousand Pax

 Internasional               Ribu Pax                   20.314              19.378          104,83%          18.857          7,73%
 International               Thousand Pax

 Sub Total                                             70.693               71.837           98,41%          70.941        (0,35%)


 Garbarata | Aviobridge

 Domestik                    Ribu Ton                  37.849               41.769           90,61%           21.172        78,77%
 Domestic                    Thousand Tons

 Internasional               Ribu Ton                  25.772               23.055           111,78%         10.785        138,96%
 International               Thousand Tons

 Sub Total                                              63.621             64.824            98,14%          31.957        99,08%


 Counter | Check-in Counter

 Domestik                    Ribu Pax                  56.592                55.162          102,59%         55.398          2,16%
 Domestic                    Thousand Pax

 Internasional               Ribu Pax                  20.373                19.316         105,47%          18.797          8,38%
 International               Thousand Pax

 Sub Total                                             76.965              74.478           103,34%          74.195          3,73%

 PJKP2U                      Ribu Ton                    1.166               1.040           112,12%          1.106          5,42%
                             Thousand Tons

                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   151
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        2025 Highlights    Management Report         About the Company        Management Discussion and Analysis      Corporate Governance




      Kinerja produksi segmen jasa aeronautika pada tahun                 The production performance of the aeronautical services
      2025 menunjukkan pertumbuhan yang kuat secara                       segment in 2025 demonstrated strong year-on-year
      tahunan di seluruh sub-segmen utama. Pada layanan                   growth across all major sub-segments. For PJP4U services,
      PJP4U, volume domestik dan internasional masing-                    domestic and international volumes reached 149,262
      masing mencapai 149.262 ribu ton dan 82.809 ribu ton,               thousand tons and 82,809 thousand tons, respectively,
      dengan total 232.071 ribu ton atau tumbuh signifikan                totaling 232,071 thousand tons, representing a significant
      sebesar 71,26% dibandingkan tahun 2024, yang mencapai               increase of 71.26% compared to 2024, achieved 91.22% of
      target RKAP sebesar 91,22%.                                         the RKAP target.

      Kinerja PJP2U relatif stabil dengan total 70.693 ribu               PJP2U performance remained relatively stable, with a total
      penumpang, mencapai target RKAP sebesar 98,41%                      of 70,693 thousand passengers, achieved RKAP target at
      dan mengalami kontraksi tipis sebesar 0,35% secara                  98.41% and recording a marginal year-on-year contraction
      tahunan. Sementara itu, layanan garbarata mencatatkan               of 0.35%. Meanwhile, aviobridge services recorded a total
      total produksi sebesar 63.621 ribu ton, tumbuh pesat                production of 63,621 thousand tons, growing substantially
      hingga 98,08% dan mencapai 98,14% target RKAP                       by 98.08% and achieving 98.14% of the RKAP target
      dibandingkan tahun 2024, sedangkan layanan check-in                 compared to 2024. In addition, check-in counter services
      counter menunjukkan peningkatan menjadi 76.965 ribu                 showed an increase to 76,965 thousand passengers, up
      penumpang atau naik 3,73% dibandingkan 2024 dan                     3.73% compared to 2024 and reaching 103.34% of the
      103,34% dari RKAP, yang mencerminkan peningkatan                    RKAP target, reflecting heightened operational activity at
      aktivitas operasional di bandara.                                   the airports.

      Sub-segmen PJKP2U juga mencatatkan kinerja yang                     The PJKP2U sub-segment also recorded a strong
      sangat positif dengan volume sebesar 1.166 ribu ton,                performance, with a volume of 1,166 thousand tons,
      melampaui target RKAP sebesar 112,12% dan tumbuh                    exceeding the RKAP target by 112.12% and growing by
      5,42% secara tahunan. Secara keseluruhan, kinerja                   5.42% year-on-year. Overall, the aeronautical services
      segmen aeronautika pada tahun 2025 menunjukkan                      segment performance in 2025 reflects a recovery and
      pemulihan dan penguatan aktivitas penerbangan,                      strengthening of aviation activities, particularly in
      khususnya pada trafik internasional, yang menjadi                   international traffic, which served as the primary driver of
      pendorong utama pertumbuhan operasional di tengah                   operational growth amid varying levels of achievement
      dinamika pencapaian terhadap target RKAP.                           against RKAP targets.

      Berikut adalah ringkasan pendapatan segmen jasa                     The following is a revenue summary of the aeronautical
      aeronautika tahun 2025:                                             services segment in 2025:



                           Tabel Pendapatan Segmen Jasa Aeronautika (dalam Rp Juta)
                                Table of Revenue of Aeronautical Services Segment (in Rp Million)


                   Sub-Segmen                   2025            RKAP 2025         Pencapaian               2024          Pertumbuhan
                Sub-Segments                                                        RKAP                                    vs 2024
                                                                                     RKAP                               Growth vs 2024
                                                                                  Achievement


       PJP4U

       Domestik                                  354.891           368.648            96,27%                376.455          (5,73%)
       Domestic

       Internasional                           2.190.307          2.088.123         104,89%               1.910.680           14,63%
       International

       Sub Total                               2.545.198          2.456.771         103,60%               2.287.135           11,28%

       PJP2U

       Domestik                                5.043.408          5.712.796          88,28%               5.430.184           (7,12%)
       Domestic

       Internasional                           4.313.097          4.216.420          102,29%             4.005.928             7,67%
       International

       Sub Total                               9.356.505          9.929.216          94,23%               9.436.112         (0,84%)




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  Social and Environmental Responsibility (TJSL)          Consolidated Financial Statements




            Sub-Segmen                             2025              RKAP 2025            Pencapaian           2024         Pertumbuhan
          Sub-Segments                                                                      RKAP                               vs 2024
                                                                                            RKAP                           Growth vs 2024
                                                                                         Achievement


Garbarata | Aviobridge

Domestik                                           193.009                210.981              91,48%          194.288          (0,66%)
Domestic

Internasional                                      387.138               360.875              107,28%          353.766           9,43%
International

Sub Total                                          580.147               571.856              101,45%          548.054           5,86%


Counter | Check-in Counter

Domestik                                           242.019               260.991               92,73%          244.289          (0,93%)
Domestic

Internasional                                      298.856               275.792              108,36%          265.037           12,76%
International

Sub Total                                          540.875               536.783              100,76%          509.326            6,19%


PJKP2U                                             391.618              385.574               101,57%          357.743           9,47%

Total                                        13.414.343              13.880.200               96,64%         13.138.370           2,10%




Realisasi pendapatan segmen jasa aeronautika pada                               The revenue realization of the aeronautical services
tahun 2025 menunjukkan kinerja yang relatif stabil dengan                       segment in 2025 showed relatively stable performance,
kontribusi utama yang berasal dari sub-segmen PJP2U                             with the main contributions derived from the PJP2U
dan PJP4U. PJP2U mencatatkan pendapatan sebesar                                 and PJP4U sub-segments. PJP2U recorded revenue of
Rp9,36 triliun, mencapai target RKAP sebesar 94,23% dan                         Rp9.36 trillion, achieved 94.23% of the RKAP target and
mengalami kontraksi tipis sebesar 0,84% dibandingkan                            experiencing a slight contraction of 0.84% compared to
tahun sebelumnya. Sementara itu, PJP4U membukukan                               the previous year. Meanwhile, PJP4U generated revenue of
pendapatan sebesar Rp2,55 triliun, tumbuh signifikan                            Rp2.55 trillion, reflecting a significant year-on-year growth
sebesar 11,28% secara tahunan serta melampaui target                            of 11.28% and exceeding the RKAP target by 103.60%,
RKAP sebesar 103,60%, yang terutama didorong oleh                               primarily driven by strong performance in International
kinerja kuat pada layanan internasional yang mencapai                           services, which reached Rp2.19 trillion. Overall, the growth
Rp2,19 triliun. Secara umum, pertumbuhan pada PJP4U                             in PJP4U served as one of the key drivers of aeronautical
menjadi salah satu pendorong utama peningkatan                                  revenue amid varying levels of achievement across other
pendapatan aeronautika di tengah dinamika pencapaian                            sub-segments.
target pada sub-segmen lainnya.

Pada sub-segmen pendukung, layanan garbarata                                    In the supporting sub-segments, aviobridge services
mencatatkan pendapatan sebesar Rp580,15 miliar                                  recorded revenue of Rp580.15 billion, exceeding the RKAP
atau melampaui target RKAP sebesar 101,45% dengan                               target by 101.45% and growing by 5.86% year-on-year.
pertumbuhan tahunan sebesar 5,86%. Layanan check-                               Check-in Counter services also demonstrated positive
in counter juga menunjukkan kinerja positif dengan                              performance, generating revenue of Rp540.88 billion, up
pendapatan sebesar Rp540,88 miliar, tumbuh 6,19%                                6.19% compared to the previous year and slightly above
dibandingkan tahun sebelumnya serta sedikit melampaui                           the RKAP target by 100.76%. In addition, the PJKP2U sub-
target RKAP sebesar 100,76%. Selain itu, sub-segmen                             segment recorded revenue of Rp391.62 billion, increasing
PJKP2U membukukan pendapatan sebesar Rp391,62                                   by 9.47% year-on-year and exceeding the RKAP target
miliar, meningkat 9,47% secara tahunan dan melampaui                            by 101.57%. Overall, the aeronautical services segment
target RKAP sebesar 101,57%. Secara keseluruhan,                                revenue performance in 2025 reflects strengthening
kinerja pendapatan segmen aeronautika pada tahun                                aviation activities, particularly in International services,
2025 mencerminkan penguatan aktivitas penerbangan,                              which served as the primary driver in sustaining the
khususnya pada layanan internasional, yang menjadi                              Company’s revenue growth.
faktor utama dalam menjaga pertumbuhan pendapatan
Perseroan.



                                                                                               PT Angkasa Pura Indonesia 2025 Annual Report     153
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        Ikhtisar 2025      Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen               Tata Kelola Perusahaan
        2025 Highlights    Management Report     About the Company        Management Discussion and Analysis           Corporate Governance




          Segmen Jasa Nonaeronautika
      Non-Aeronautical Services Segment

      Segmen usaha nonaeronautika menyediakan pelayanan               The non-aeronautical business segment provides services
      jasa yang mendukung operasional penerbangan. Usaha              that support aviation operations and encompasses the
      nonaeronautika mencakup bidang kebandarudaraan                  airport sector, which offers various aviation support
      yang menawarkan berbagai jasa penunjang penerbangan.            services. Some sources of revenue from this segment
      Beberapa sumber pendapatan dari segmen ini antara               include space rental, land rental, advertising media rental,
      lain sewa ruang, sewa tanah, sewa media reklame, dan            and other rentals; concessions to airport businesses;
      sewa lainnya; konsesi terhadap usaha-usaha di bandara;          throughput fees; vehicle parking; and utilities such as
      throughput fee; parkir kendaraan; serta utilitas seperti        electricity, water, telephone, and internet services.
      pemakaian listrik, air, telepon, dan layanan internet.

      Realisasi produksi segmen usaha nonaeronautika pada             The actual performance of the non-aeronautical business
      tahun 2025 adalah sebagai berikut.                              segment in 2025 is as follows.



                            Tabel Produksi Segmen Jasa Nonaeronautika (Unaudited)
                          Table of Production of Non-Aeronautical Services Segment (Unaudited)


          Sub-Segmen            Satuan             2025           RKAP 2025        Pencapaian             2024            Pertumbuhan
         Sub-Segments             Unit                                               RKAP                                    vs 2024
                                                                                     RKAP                                     Growth
                                                                                  Achievement                                 vs 2024



      Sewa | Leasing

      Sewa Ruang           Ribu m²                     3.626           2.709          133,85%                  2.500            45,04%
      Space Lease          Thousand m²

      Sewa Tanah           Ribu m²                  24.733            31.644            78,16%            26.203                 (5,61%)
      Land Lease           Thousand m²



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   Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
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    Sub-Segmen                    Satuan              2025             RKAP 2025          Pencapaian        2024        Pertumbuhan
   Sub-Segments                    Unit                                                     RKAP                           vs 2024
                                                                                             RKAP                          Growth
                                                                                          Achievement                      vs 2024

 Sewa Media                Ribu m²                          145                 160          90,63%             136           6,62%
 Reklame                   Thousand m²
 Billboard Lease

 Sewa Lainnya              Ribu m²                         288                  188          153,19%            126         128,57%
 Others Lease              Thousand m²

 Sub Total                                             28.792               34.701           82,97%         28.965          (0,60%)


 Konsesi                   Rp Juta                  27.887.972         28.975.761            96,25%     25.690.001            8,56%
 Concession                Rp Million

 FTC                       Rp Juta                  42.635.735        48.490.762             87,93%      21.138.262         101,70%
 FTC                       Rp Million

 Parkir Kendaraan | Vehicle Parking

 Parkir Mobil              Unit                         54.671              59.208           92,34%          62.121          (11,99%)
 Car Parking               Unit

 Parkir Motor              Unit                         11.848               13.476          87,92%         46.109          (74,30%)
 Motorcycle                Unit
 Parking

 Sub Total                                              66.519              72.684           91,52%        109.230         (38,54%)


 Utilitas | Utility

 Pemakaian Listrik         Ribu kWh                     131.671            122.572          107,42%         132.570          (0,68%)
 Electric Utility          Thousand kWh

 Pemakaian Air             Ribu m³                       2.009               2.084           96,40%          2.040            (1,51%)
 Water Utility             Thousand
                           Meter Cubic

 Pemakaian                 Unit                          8.774              10.403           84,34%          10.616         (17,35%)
 Utilitas Lainnya          Unit
 Others Utility




Lini produksi segmen jasa nonaeronautika pada tahun                         The production line for the non-aeronautical services
2025     mencatatkan     pencapaian      operasional    yang                segment in 2025 recorded significant operational
signifikan, khususnya pada optimalisasi aset ruang. Sewa                    milestones, particularly in asset space optimization. Space
Ruang tumbuh pesat sebesar 45,04% (YoY) dengan total                        Leases grew rapidly by 45.04% (YoY) with total utilization
penggunaan mencapai 3,63 juta m², melampaui target                          reaching 3.63 million m², exceeding the budget (RKAP)
RKAP sebesar 133,85%. Meskipun terdapat koreksi pada                        target by 133.85%. Although there was a correction in Land
pemanfaatan Sewa Tanah yang tercatat sebesar 24,73 juta                     Lease utilization, which stood at 24.73 million m², the
m², Perusahaan tetap fokus pada strategi pemanfaatan                        Company remains focused on high-value land utilization
lahan yang lebih bernilai tinggi. Di sisi lain, volume bisnis               strategies. Furthermore, the Concession business volume
Konsesi menunjukkan skala yang sangat besar dengan nilai                    demonstrated immense scale with a production value
produksi mencapai Rp27,89 triliun, sementara FTC melonjak                   of Rp27.89 trillion, while FTC surged to Rp42.64 trillion,
hingga Rp42,64 triliun, yang mengindikasikan peningkatan                    indicating a massive increase in commercial activity
aktivitas komersial yang masif di lingkungan bandara.                       within the airport environment.

Pada sektor utilitas dan layanan pendukung, Perusahaan                      In the utilities and supporting services sector, the Company
berhasil menjaga efisiensi konsumsi sumber daya di                          successfully maintained resource consumption efficiency
tengah fluktuasi operasional. Pemakaian Listrik tercatat                    amidst operational fluctuations. Electricity Consumption
sebesar 131,67 juta kWh, atau 107,42% di atas target                        was recorded at 131.67 million kWh, or 107.42% above the
RKAP, namun secara tahunan menunjukkan penurunan                            RKAP target, yet showed a slight year-on-year decrease of
tipis sebesar 0,68% yang mencerminkan keberhasilan                          0.68%, reflecting the success of energy-saving programs.
program penghematan energi.


                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report     155
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        Ikhtisar 2025        Laporan Manajemen        Tentang Perusahaan         Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report        About the Company          Management Discussion and Analysis        Corporate Governance




      Pemakaian Air terjaga stabil pada angka 2,01 juta m³.                Water consumption remained stable at 2.01 million m³.
      Sementara itu, total Parkir Kendaraan tercatat 66.519                Meanwhile, total Vehicle Parking volume was recorded at
      unit, turun 38,54% dari tahun 2024 yang disebabkan oleh              66,519 units, representing a decrease of 38.54% compared
      berkurangnya unit Parkir Motor hingga 74,30%.                        to 2024, primarily due to a decline in Motorcycle Parking
                                                                           unit of up to 74.30%.

      Realisasi pendapatan segmen usaha nonaeronautika                     Realization of non-aeronautical             business      segment
      tahun 2025 adalah sebagai berikut.                                   revenue in 2025 is as follows.



                           Tabel Pendapatan Segmen Jasa Nonaeronautika (dalam Rp Juta)
                            Table of Revenue of Non-Aeronautical Services Segment (in Rp Million)


                  Sub-Segmen                      2025           RKAP 2025           Pencapaian               2024            Pertumbuhan
                Sub-Segments                                                           RKAP                                      vs 2024
                                                                                       RKAP                                  Growth vs 2024
                                                                                    Achievement


      Sewa | Leasing

      Sewa Ruang                                  1.299.279          1.017.126            127,74%              985.800               31,80%
      Space Lease

      Sewa Tanah                                   361.357           313.045               115,43%              321.292              12,47%
      Land Lease

      Sewa Media Reklame                           178.014           189.466               93,96%               184.968              (3,76%)
      Billboard Lease

      Sewa Lainnya                                 102.552             27.561             327,09%                83.900              22,23%
      Others Lease

      Sub Total                                  1.941.202          1.547.198             125,47%             1.575.960              23,18%


      Bagi Hasil                                 4.479.583         4.396.358              101,89%            4.031.243                11,12%
      Revenue Sharing

      Parkir Kendaraan | Vehicle Parking

      Parkir Mobil                                 683.324            727.154              93,97%               617.836              10,60%
      Car Parking

      Parkir Motor                                  86.239            90.009                95,81%               79.293               8,76%
      Motorcycle Parking

      Sub Total                                   769.563             817.163              94,17%               697.129              10,39%

      Utilitas | Utility

      Pemakaian Listrik                             331.691          282.535               117,40%             282.824               17,28%
      Electric Utility

      Pemakaian Air                                 27.601            27.243               101,31%               25.527                8,12%
      Water Utility

      Utilitas Lainnya                              12.044             11.286             106,72%                 11.054              8,96%
      Other Utility

      Sub Total                                    371.336           321.064               115,66%              319.405              16,26%

      Non Aero Lainnya                             237.753           483.939                49,13%             728.908             (67,38%)
      Other Non Aero

      Total                                      7.799.437         7.565.722              103,09%            7.352.645                6,08%




156   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Realisasi pendapatan segmen jasa nonaeronautika                          The realized revenue from the non-aeronautical services
pada tahun 2025 menunjukkan performa yang solid                          segment in 2025 demonstrated a solid performance,
dengan kontribusi utama yang bersumber dari lini bisnis                  with the Revenue Sharing business line serving as the
Bagi Hasil. Sektor bagi hasil mencatatkan pendapatan                     primary contributor. This sector recorded a total revenue
sebesar Rp4,48 triliun, tumbuh signifikan sebesar 11,12%                 of Rp4.48 trillion, reflecting a significant growth of 11.12%
dibandingkan tahun sebelumnya. Sementara itu, sub-                       compared to the previous year. Meanwhile, the Leasing
segmen Sewa secara akumulatif memberikan kontribusi                      sub-segment collectively contributed Rp1.94 trillion,
sebesar Rp1,94 triliun, atau berhasil melampaui target                   successfully exceeding the 2025 RKAP target by 125.47%.
RKAP 2025 sebesar 125,47%. Pencapaian pada sektor                        This achievement was driven by the optimization of Space
sewa ini didorong oleh optimalisasi Sewa Ruang yang                      Leases, which contributed Rp1.30 trillion,
menyumbang Rp1,30 triliun.

Pada kategori layanan pendukung, sektor Parkir                           In the supporting services category, the Vehicle Parking
Kendaraan mencatatkan total pendapatan sebesar                           sector recorded total revenue of Rp769.56 billion, with Car
Rp769,56 miliar, di mana Parkir Mobil menjadi kontributor                Parking acting as the dominant contributor at Rp683.32
dominan senilai Rp683,32 miliar. Meskipun terdapat                       billion. Despite minor fluctuations that resulted in a
fluktuasi yang menyebabkan realisasi sedikit di bawah                    slight deviation from the RKAP target, the parking sector
target RKAP, sektor parkir secara keseluruhan masih                      overall maintained a healthy year-on-year growth of
tumbuh 10,39% dibandingkan tahun 2024. Di sisi lain,                     10.39%. Furthermore, the Utility line demonstrated high
lini Utilitas menunjukkan efisiensi komersial yang tinggi                commercial efficiency, with total receipts from Electricity
dengan total raihan dari Pemakaian Listrik sebesar                       Consumption reaching Rp331.69 billion and Water
Rp331,69 miliar dan Pemakaian Air sebesar Rp27,60 miliar.                Consumption at Rp27.60 billion. Meanwhile, Other Non-
Adapun pendapatan Non Aeronautika Lainnya mencapai                       Aeronautical revenue reached Rp237.75 bilion, achieving
Rp237,75 miliar atau 49,13% dari RKAP dan menurun                        49.13%% of the RKAP target and decreasing by 67.38%
67,38% dari tahun sebelumnya.                                            compared to the previous year.




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        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      TINJAUAN PEMASARAN
      MARKETING REVIEW




      Perusahaan     menerapkan        prinsip    pemasaran            The Company applies transparent, informative, and
      yang   transparan,   informatif,   dan   jelas dalam             clear marketing principles in communicating its
      mengomunikasikan layanan kepada para pemangku                    services to stakeholders. All product and tariff policies
      kepentingan. Setiap kebijakan terkait produk dan tarif           requiring government, regulatory, or public approval
      yang memerlukan persetujuan Pemerintah, regulator,               are implemented while prioritizing compliance with
      maupun publik dilaksanakan dengan mengedepankan                  applicable laws and regulations.
      kepatuhan terhadap ketentuan peraturan perundang-
      undangan yang berlaku.

      Dalam penetapan tarif layanan, Perusahaan terlebih dahulu        In setting service tariffs, the Company first obtains
      memperoleh rekomendasi dari Kementerian Perhubungan              recommendations from the Ministry of Transportation
      serta persetujuan dari Kementerian Koordinator Bidang            and approval from the Coordinating Ministry for
      Perekonomian. Informasi tarif yang telah ditetapkan              Economic Affairs. The established tariff information is
      kemudian dipublikasikan melalui situs web dan media              then published on the Company’s website and official
      resmi Perusahaan, disertai dengan pemberitahuan serta            media, accompanied by notifications and outreach to
      sosialisasi kepada para pemangku kepentingan.                    stakeholders.

      Sepanjang tahun 2025, kinerja pemasaran Perusahaan               Throughout the year 2025, the Company’s marketing
      menunjukkan penguatan yang positif. Hal ini tercermin            performance demonstrated positive improvement. This
      dari peningkatan pemanfaatan ruang komersial,                    was reflected in increased commercial space utilization,
      penataan komposisi penyewa sesuai dengan kebutuhan               tenant restructuring based on passenger needs and
      dan karakteristik penumpang, serta pengembangan                  characteristics, and the development of thematic
      area komersial tematik di sejumlah bandara utama.                commercial areas at several major airports. The Company
      Perusahaan juga memperluas kerjasama dengan                      also expanded collaboration with strategic business
      mitra usaha strategis guna mengoptimalkan potensi                partners to optimize non-aeronautical revenue potential.
      pendapatan nonaeronautika.



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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
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Selain itu, Perusahaan mendorong pemanfaatan saluran                     Furthermore, the Company is promoting the use of
komunikasi digital untuk memperluas jangkauan                            digital communication channels to expand the reach of
promosi layanan dan meningkatkan keterlibatan                            service promotions and increase customer engagement.
pelanggan. Pendekatan berbasis analisis data pergerakan                  An analytical approach based on passenger movement
penumpang dan pola transaksi turut diterapkan                            data and transaction patterns is also being implemented
untuk meningkatkan efektivitas program promosi dan                       to enhance the effectiveness of promotional programs
penawaran layanan.                                                       and service offerings.



    Strategi Pemasaran
Marketing Approach

Segmen Jasa Aeronautika                                                  Aeronautical Services Segment

Sepanjang tahun 2025, Perusahaan telah melaksanakan                      Throughout 2025, the Company implemented various
berbagai inisiatif pemasaran yang berfokus pada                          marketing initiatives focused on strengthening air
penguatan konektivitas udara serta pengembangan                          connectivity and developing flight route networks. The
jaringan rute penerbangan. Strategi pemasaran pada                       marketing strategy in the aeronautical segment was
segmen aeronautika diarahkan untuk meningkatkan                          directed at increasing passenger traffic, expanding
trafik penumpang, memperluas kerja sama dengan                           partnerships with airlines, and reinforcing the airport’s
maskapai penerbangan, serta memperkuat posisi                            position within the global aviation industry ecosystem.
bandara dalam ekosistem industri penerbangan global.

Sebagai bagian dari upaya tersebut, Perusahaan secara                    As part of these efforts, the Company actively engaged with
aktif melakukan engagement dengan maskapai                               airlines throughout 2025 through Airlines Headquarters
sepanjang tahun 2025 melalui kegiatan Airlines Head                      Visits, involving both domestic and international carriers,
Quarter Visit, baik maskapai domestik dan internasional,                 which were not limited to exploring potential passenger
yang tidak terbatas pada potensi pengembangan rute                       route development but also included cargo opportunities.
penumpang, namun juga kargo.

Selain itu, partisipasi dalam ajang internasional Routes                 In addition, participation in the international Routes World
World & Asia pada 24–26 September 2025 turut                             & Asia event on September 24–26, 2025 further expanded
memperluas eksposur Perusahaan dalam jaringan global                     the Company’s exposure within the global aviation
industri penerbangan, sekaligus membuka peluang kerja                    industry network, while also creating opportunities for
sama dengan berbagai maskapai, operator bandara, serta                   collaboration with various airlines, airport operators, and
pemangku kepentingan lainnya.                                            other stakeholders.




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        Ikhtisar 2025      Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      Perusahaan juga memperkuat aktivitas pemasaran                  The Company also strengthened its international
      internasional melalui keikutsertaan dalam forum Air             marketing activities through participation in Air Service
      Service Agreement Consultation dengan sejumlah                  Agreement Consultation forums with several countries,
      negara, antara lain Arab Saudi, Uzbekistan, Hongkong,           including Saudi Arabia, Uzbekistan, Hong Kong, Macao,
      Macao Oman, dan Turki sepanjang tahun 2025. Kegiatan            Oman, and Turkey throughout 2025. These activities
      ini menjadi bagian dari strategi route development untuk        formed part of the route development strategy to open
      membuka akses penerbangan baru serta meningkatkan               new flight access and enhance international connectivity,
      konektivitas internasional yang berkontribusi terhadap          which contributed to the growth of passenger traffic.
      pertumbuhan trafik penumpang.

      Pada awal tahun 2025, Perusahaan telah melaksanakan             At the beginning of 2025, the Company conducted a
      Familiarization Trip Destinasi Padang bersama Airline,          Familiarization Trip to Padang in collaboration with
      Astindo, PHRI, Pemda guna memberikan edukasi dan                airlines, ASTINDO, PHRI, and local governments to provide
      informasi mendalam kepada agen perjalanan tentang               travel agents with in-depth education and information
      berbagai produk dan layanan wisata yang tersedia di             regarding various tourism products and services available
      Padang dan Bukittinggi, serta meningkatkan trafik               in Padang and Bukittinggi. This initiative also aimed to
      penumpang pesawat udara sejalan dengan penerbangan              increase passenger traffic in line with the launch of the
      rute baru Singapura-Padang oleh Scoot Air.                      new Singapore–Padang route by Scoot Air.

      Lebih lanjut, Perusahaan menjalin kerja sama strategis          Furthermore, the Company established strategic
      melalui penandatanganan Nota Kesepahaman dengan                 cooperation through the signing of a Memorandum of
      Otoritas Bandara Hongkong pada 26 September                     Understanding with the Hong Kong Airport Authority
      2026, yang mencakup penguatan konektivitas udara,               on September 26, 2026, covering the enhancement of air
      pengelolaan bandara, serta pengembangan sektor                  connectivity, airport management, and aviation sector
      penerbangan. Di sisi lain, Perusahaan juga melaksanakan         development. On the other hand, the Company also
      program Collaborative Destination Development (CDD)             implemented the Collaborative Destination Development
      sebagai bagian dari pendekatan pemasaran berbasis               (CDD) program as part of a destination-based marketing
      destinasi. Kegiatan CDD BTJ pada 10–11 September                approach. The CDD BTJ activity on September 10–11,
      2025 difokuskan pada pengembangan Bandara Sultan                2025 focused on the development of Sultan Iskandar
      Iskandar Muda sebagai hub umrah Indonesia bagian                Muda Airport as an umrah hub for western Indonesia,
      barat, sementara CDD TJQ pada 3–4 Juni 2025 diarahkan           while the CDD TJQ activity on June 3–4, 2025 was aimed
      untuk meningkatkan konektivitas internasional dan daya          at improving international connectivity and enhancing
      tarik pariwisata di wilayah Kepulauan Bangka Belitung           tourism attractiveness in the Bangka Belitung Islands and
      dan Sumatera Selatan.                                           South Sumatra regions.




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Di     penghujung      tahun    2025,     Perusahaan                     At the end of 2025, the Company organized the Airline
menyelenggarakan Airline Gathering 2025 pada 24–26                       Gathering 2025 on November 24–26, 2025, as a form of
November 2025 sebagai wujud apresiasi Perusahaan atas                    appreciation for the efforts and collaboration that had
upaya dan kolaborasi yang telah dibangun sepanjang                       been built throughout the year. In addition, this event
tahun 2025. Selain itu, kegiatan ini menjadi forum                       served as a strategic forum to strengthen communication,
strategis untuk memperkuat komunikasi, menjajaki                         explore opportunities for new route development, and
peluang pembukaan rute baru, serta meningkatkan                          increase flight frequencies.
frekuensi penerbangan.

Secara keseluruhan, berbagai inisiatif pemasaran pada                    Overall, these various marketing initiatives in the
segmen aeronautika tersebut mencerminkan komitmen                        aeronautical   segment      reflected  the  Company’s
Perusahaan dalam memperkuat konektivitas udara,                          commitment      to  strengthening     air  connectivity,
meningkatkan daya saing bandara, serta mendukung                         enhancing airport competitiveness, and supporting
pertumbuhan trafik penumpang secara berkelanjutan.                       sustainable passenger traffic growth.



Segmen Jasa Nonaeronautika                                               Non-Aeronautical Services Segment

Sepanjang tahun 2025, Perusahaan juga telah                              Throughout 2025, the Company also implemented
mengimplementasikan berbagai strategi pemasaran                          various marketing strategies focused on optimizing
yang berfokus pada optimalisasi pendapatan non-                          non-aeronautical revenue through enhanced customer
aeronautika     melalui   peningkatan     engagement                     engagement, strengthened business partnerships, and
pelanggan,     penguatan   kemitraan     usaha,  serta                   optimized utilization of airport commercial assets.
optimalisasi pemanfaatan aset komersial bandara.

Salah satu inisiatif utama adalah pelaksanaan program                    One of the key initiatives was the implementation of the
loyalitas pelanggan Eat Shop Fly yang berlangsung                        Eat Shop Fly customer loyalty program, which ran from
sejak 29 Desember 2024 hingga 30 Desember 2025.                          December 29, 2024 to December 30, 2025. The program
Program ini dirancang untuk mendorong peningkatan                        was designed to drive increased transactions in airport
transaksi di area komersial bandara melalui mekanisme                    commercial areas through a point-based mechanism
pemberian poin atas setiap transaksi pada tenant ritel,                  for every transaction at retail tenants, food and beverage
food and beverage, serta layanan lainnya. Poin yang                      outlets, and other services. The accumulated points could
diperoleh dapat ditukarkan dengan berbagai hadiah                        be redeemed for various rewards and opportunities to
dan kesempatan mengikuti program undian, sehingga                        participate in prize draws, thereby enhancing traffic,
mampu meningkatkan traffic, spending, serta loyalitas                    customer spending, and loyalty toward the airport’s
pelanggan terhadap ekosistem komersial bandara.                          commercial ecosystem.




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        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      Dalam rangka memperkuat hubungan kemitraan,                       In order to strengthen partnership relations, the Company
      Perusahaan menyelenggarakan kegiatan Retail Connect               organized the Retail Connect event on October 22, 2025,
      pada 22 Oktober 2025 sebagai forum strategis antara               as a strategic forum between the airport operator and
      operator bandara dan mitra usaha nonaeronautika.                  non-aeronautical business partners. This event not only
      Kegiatan ini tidak hanya bertujuan untuk meningkatkan             aimed to enhance collaborative relationships, but also
      hubungan kolaboratif, tetapi juga menjadi sarana untuk            served as a platform to recognize outstanding partners
      memberikan apresiasi kepada mitra berprestasi serta               and explore future business development opportunities
      menggali potensi pengembangan usaha ke depan                      based on industry trends and customer preferences.
      berdasarkan tren industri dan preferensi pelanggan.




      Selain    itu,  Perusahaan     juga   menyelenggarakan            In addition, the Company organized a Commercial
      Commercial Expo pada 23 April 2025 yang difokuskan                Expo on April 23, 2025, which focused on enhancing the
      pada peningkatan visibilitas dan daya tarik aset komersial.       visibility and attractiveness of its commercial assets. This
      Kegiatan ini menjadi sarana market sounding terpadu               event served as an integrated market sounding platform
      untuk menarik minat brand dan pelaku industri travel              to attract interest from brands and travel retail industry
      retail, sekaligus mendorong optimalisasi pemanfaatan              players, while also encouraging the optimization of
      ruang usaha di area bandara.                                      commercial space utilization within airport areas.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Untuk memastikan efektivitas pelaksanaan strategi                        To ensure the effective implementation of its marketing
pemasaran, Perusahaan juga melaksanakan Rapat                            strategy, the Company also held a Non-Aero Commercial
Kerja Teknis (Rakernis) Non-Aero Commercial pada 22                      Technical Working Meeting (Rakernis) on November 22,
November 2025 sebagai forum internal dalam melakukan                     2025, as an internal forum to evaluate performance and
evaluasi kinerja serta penyelarasan strategi pemasaran                   align marketing strategies across regions and branches.
lintas regional dan cabang. Kegiatan ini menghasilkan                    This activity resulted in adaptive and measurable
langkah-langkah strategis yang adaptif dan terukur                       strategic initiatives to support the achievement of non-
guna mendukung pencapaian target pendapatan non-                         aeronautical revenue targets for 2025.
aeronautika tahun 2025.




Secara keseluruhan, berbagai kegiatan pemasaran pada                     Overall, the various marketing activities in the non-
segmen nonaeronautika menunjukkan pendekatan yang                        aeronautical segment demonstrated an integrated
terintegrasi antara customer engagement, partnership                     approach    encompassing       customer  engagement,
marketing, dan asset optimization. Hal ini mencerminkan                  partnership marketing, and asset optimization. This
komitmen Perusahaan dalam memaksimalkan potensi                          reflected the Company’s commitment to maximizing
bisnis komersial bandara serta menciptakan nilai tambah                  the potential of its airport commercial business while
yang berkelanjutan bagi pelanggan dan mitra usaha.                       creating sustainable added value for customers and
                                                                         business partners.



    Pangsa Pasar
Market Share

Pada tahun 2025, pangsa pasar PT Angkasa Pura                            In 2025, the market share of PT Angkasa Pura Indonesia
Indonesia tercermin dari dominasi trafik domestik yang                   was reflected in its strong dominance in domestic traffic,
kuat, sejalan dengan luasnya cakupan wilayah operasional                 in line with the extensive operational coverage of airports
bandara yang dikelola Perusahaan di berbagai kawasan                     managed by the Company across various strategic
strategis Indonesia. Jaringan bandara yang tersebar di                   regions in Indonesia. The airport network, spanning
wilayah barat, tengah, hingga timur Indonesia, meliputi                  western, central, and eastern Indonesia, including major
hub utama seperti Jakarta, Surabaya, Makassar, serta                     hubs such as Jakarta, Surabaya, and Makassar, as well as
destinasi pariwisata utama seperti Bali dan Yogyakarta,                  key tourism destinations such as Bali and Yogyakarta,
mendorong tingginya mobilitas domestik. Hal ini                          drove high levels of domestic mobility. This was reflected
tercermin dari pergerakan penerbangan domestik                           in 912,742 domestic flight movements, significantly
sebesar 912.742 penerbangan, lebih tinggi dibandingkan                   higher than international flights, which reached 247,670
penerbangan internasional yang mencapai 247.670                          movements.
penerbangan.



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        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      Sejalan dengan upaya penguatan konektivitas, pada                 In line with efforts to strengthen connectivity, in 2025 the
      tahun 2025 Perseroan juga mencatat penambahan 133                 Company also recorded the addition of 133 new domestic
      rute domestik baru serta reaktivasi 2 rute domestik, yang         routes and the reactivation of 2 domestic routes, further
      semakin memperluas jangkauan layanan penerbangan di               expanding the reach of domestic air services. In the
      dalam negeri. Pada segmen internasional, Perseroan turut          international segment, the Company strengthened global
      memperkuat konektivitas global melalui penambahan                 connectivity through the addition of flight frequencies
      frekuensi penerbangan sebanyak 2 rute, kehadiran 5                on 2 routes, the entry of 5 new airlines, the opening of
      maskapai baru, pembukaan 40 rute internasional baru,              40 new international routes, and the reactivation of 2
      serta reaktivasi 2 rute internasional, yang secara bertahap       international routes, which gradually contributed to the
      mendorong peningkatan trafik internasional.                       increase in international traffic.

      Di sisi lain, jumlah penumpang domestik mencapai                  On the passenger side, domestic passengers reached 113.1
      113,1 juta penumpang, jauh melampaui penumpang                    million, significantly exceeding international passengers
      internasional sebesar 40,91 juta penumpang, yang                  of 40.91 million, highlighting the role of the Company’s
      menunjukkan peran bandara-bandara Perusahaan                      airports as key interregional connectors supporting
      sebagai penghubung utama antardaerah dalam                        national connectivity. From a logistics perspective,
      mendukung konektivitas nasional. Dari sisi logistik,              domestic cargo also dominated at 1.08 million tons,
      dominasi juga terlihat pada kargo domestik sebesar                compared to international cargo of 419 thousand tons,
      1,08 juta ton, dibandingkan kargo internasional sebesar           reflecting the role of airports in supporting interregional
      419 ribu ton, yang mencerminkan peran bandara dalam               goods distribution, particularly in eastern Indonesia,
      mendukung distribusi barang antarwilayah, khususnya di            which remains highly dependent on air transportation.
      kawasan timur Indonesia yang masih sangat bergantung
      pada transportasi udara.

      Secara keseluruhan, capaian ini menegaskan bahwa                  Overall, these achievements underscored that the
      kekuatan pangsa pasar Perusahaan didukung oleh                    strength of the Company’s market share was supported
      jaringan bandara yang luas dan terintegrasi, yang                 by a broad and integrated airport network serving diverse
      melayani beragam karakteristik wilayah, mulai dari pusat          regional characteristics, ranging from business and
      bisnis dan pemerintahan hingga destinasi pariwisata               government centers to tourism destinations and remote
      dan wilayah terpencil, sehingga memperkuat posisi                 areas. This further strengthened the Company’s position
      Perusahaan sebagai penggerak utama konektivitas udara             as a key driver of national air connectivity while opening
      nasional sekaligus membuka peluang peningkatan trafik             opportunities for increased international traffic at airports
      internasional di bandara-bandara dengan potensi global.           with global potential.




          Standar Layanan
      Level of Service

      Standar Pelayanan atau Level of Service merupakan                 Level of Service serves as benchmarks used as guidelines
      tolok ukur yang digunakan sebagai pedoman dalam                   in service delivery and as references in assessing service
      penyelenggaraan pelayanan serta sebagai acuan dalam               quality. These standards represent the Company’s
      menilai kualitas layanan. Standar ini menjadi wujud               obligation and commitment to the public to deliver
      kewajiban dan komitmen Perusahaan kepada masyarakat               services that are high-quality, prompt, convenient,
      untuk menghadirkan pelayanan yang berkualitas, cepat,             affordable, and measurable.
      mudah, terjangkau, dan terukur.

      Perusahaan     menerapkan      pengukuran     kualitas            The Company applies service quality measurements
      layanan sesuai dengan praktik yang berlaku di industri            in accordance with prevailing practices in the airport
      kebandarudaraan. Dalam pelaksanaan pelayanan jasa                 industry. In the implementation of airport service
      kebandarudaraan, Perusahaan memastikan bahwa                      operations, the Company ensures that all services
      seluruh layanan kepada pengguna jasa bandara telah                provided to airport users meet the established Airport
      memenuhi Standar Pelayanan Jasa Kebandarudaraan                   Service Standards.
      yang ditetapkan.

      Pengukuran Standar Pelayanan di Perusahaan dilakukan              The measurement of Service Standards within the
      secara self-assessment dengan tujuan sebagai berikut:             Company is conducted through self-assessment with the
                                                                        following objectives:



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•   Menegaskan komitmen pelayanan yang diberikan                           •   To affirm the service commitment provided to service
    kepada pengguna jasa atas pembayaran tarif pelayanan.                      users in exchange for the payment of service tariffs.
•   Menjadi kerangka kerja dalam perencanaan dan/atau                      •   To serve as a framework in the planning and/or
    pengembangan fasilitas bandara.                                            development of airport facilities.
•   Menjadi acuan dalam penyelenggaraan pelayanan                          •   To serve as a reference in the provision of airport
    jasa kebandarudaraan.                                                      services.
•   Menjadi alat pemantauan dan/atau perhitungan                           •   To function as a monitoring tool and/or basis for
    kebutuhan fasilitas pelayanan guna mencapai standar                        calculating service facility requirements in order to
    layanan yang optimal.                                                      achieve optimal service standards.
•   Menjadi tolok ukur dalam menilai pemenuhan                             •   To serve as a benchmark in assessing the fulfilment
    kewajiban pengelola bandara, operator penerbangan,                         of obligations of airport operators, airlines, and third-
    maupun penyedia jasa pihak ketiga.                                         party service providers.
•   Menjadi salah satu komponen dalam penetapan dan                        •   To serve as one of the components in determining and
    penyesuaian tarif pelayanan jasa.                                          adjusting service tariffs.

Pelaksanaan self-assessment PT Angkasa Pura Indonesia                      The self-assessment of PT Angkasa Pura Indonesia
dilakukan oleh seluruh bandar udara dengan mengacu                         was conducted by all airports in accordance with the
pada ketentuan Peraturan Menteri Perhubungan Republik                      provisions stipulated under Regulation of the Minister
Indonesia No. PM 41 Tahun 2023 tentang Pelayanan                           of Transportation of the Republic of Indonesia No. PM
Jasa Kebandarudaraan di Bandar Udara. Penilaian ini                        41 of 2023 concerning Airport Service Standards. This
merupakan mekanisme evaluasi terstruktur untuk                             assessment serves as a structured mechanism to evaluate
mengukur tingkat pelayanan jasa kebandarudaraan,                           the level of service performance across airport operations,
sekaligus memastikan kesesuaian dengan standar                             ensuring compliance with applicable service standards
pelayanan yang berlaku serta mendorong peningkatan                         and continuous improvement in service quality.
kualitas layanan secara berkelanjutan.

Sejalan dengan arahan Direksi melalui Nota Dinas Wakil                     In line with the directive of the Board of Directors
Direktur Utama No. ND.DX.3729/PR.03.01.03/XII/2025-B                       through the Vice President Director’s Memorandum
tanggal 11 Desember 2025 perihal implementasi                              No. ND.DX.3729/PR.03.01.03/XII/2025-B dated December
penggunaan aplikasi inspeksi I-CARE, Perusahaan                            11, 2025, regarding the implementation of the I-CARE
telah mengimplementasikan sistem digital untuk                             inspection application, the Company implemented a
mengukur kesiapan fasilitas dan layanan di bandar                          digital system to measure the readiness of airport facilities
udara. Pelaksanaan inspeksi dilakukan oleh seluruh unit                    and services. The inspection process was carried out by
yang bertanggung jawab sesuai dengan tugas dan fungsi                      all responsible units in accordance with their respective
pengawasannya masing-masing, sehingga memastikan                           supervisory roles and functions, thereby ensuring that
proses pemantauan berjalan secara komprehensif dan                         monitoring activities were conducted comprehensively
konsisten di seluruh area operasional.                                     and consistently across all operational areas.



Level of Service Untuk Kategori                                            Level of Service in the Aircraft
Pelayanan Terhadap Pesawat Udara                                           Services Category

Level of Service pada kategori pelayanan terhadap                          The Level of Service in the aircraft services category
pesawat udara mencakup pelayanan terhadap fasilitas                        encompasses services related to facilities used during
yang digunakan dalam proses pendaratan, lepas landas,                      aircraft landing, take-off, and maneuvering processes,
dan manuver pesawat udara, yang menjadi faktor                             which are critical in ensuring the safety, security, and
krusial dalam menjamin keselamatan, keamanan, dan                          smooth operation of flight activities. The facilities assessed
kelancaran operasional penerbangan. Fasilitas yang                         in this category include:
dinilai dalam kategori ini meliputi:
y kondisi runway beserta marka dan rambu, keberadaan                       y the condition of the runway along with its markings
  obstacle serta kesesuaian runway strip;                                    and signage, the presence of obstacles and compliance
                                                                             of the runway strip;
y kondisi taxiway berikut marka dan rambu;                                 y the condition of taxiways including markings and
                                                                             signage;
y kondisi apron serta ketersediaan hangar;                                 y the condition of the apron and the availability of
                                                                             hangars;
y fasilitas alat bantu pendaratan visual seperti approach                  y visual landing aid facilities such as approach lights,
  light, PAPI/APAPI, sequence flashing light, runway                         PAPI/APAPI, sequence flashing lights, runway edge



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        2025 Highlights        Management Report   About the Company        Management Discussion and Analysis     Corporate Governance




        edge light, dan taxiway centre line light;                        lights, and taxiway centre line lights;
      y fasilitas Pertolongan Kecelakaan Penerbangan dan                y Aircraft Rescue and Fire Fighting (ARFF) facilities,
        Pemadam Kebakaran (PKP-PK) termasuk kelengkapan                   including equipment readiness and response time
        peralatan dan standar response time; serta                        standards; as well as
      y kesesuaian fasilitas keamanan penerbangan dengan                y the compliance of aviation security facilities with the
        ketentuan program keamanan bandar udara.                          airport security program requirements.




                          Kantor Cabang               Target Nilai                 Capaian Nilai                 Capaian Hasil
       No
                          Branch Office              Score Target                Score Achieved                     Results

        1       CGK T1                                    101                            150                           A

        2       CGK T2                                    101                            150                           A

        3       CGK T3                                    101                            150                           A

        4       HLP                                       101                            150                           A

        5       BDO                                       101                            150                           A

        6       KJT                                       101                            149                           A

        7       DPS Dom                                   101                            150                           A

        8       DPS Inter                                 101                            150                           A

        9       LOP                                       101                            150                           A

        10      KOE                                       101                            150                           A

        11      BWX                                       101                            150                           A

        12      PKU                                       101                            136                           A

        13      PLM                                       101                            144                           A

        14      PDG                                       101                            139                           A

        15      PGK                                       101                            148                           A

        16      BTJ                                       101                            150                           A

        17      DJB                                       101                            150                           A

        18      TNJ                                       101                            120                           B

        19      TKG                                       101                            150                           A

        20      TJQ                                       101                            137                           A

        21      BKS                                       101                            144                           A

        22      DTB                                       101                            148                           A

        23      YIA                                       101                            150                           A

        24      SUB T1                                    101                            150                           A

        25      SUB T2                                    101                            150                           A

        26      SRG                                       101                            150                           A

        27      SOC                                       101                            150                           A

        28      JOG                                       101                            146                           A

        29      DHX                                       101                            136                           A

        30      PWL                                       101                            150                           A

        31      UPG                                       101                            150                           A

        32      MDC                                       101                            150                           A

        33      BIK                                       101                            150                           A




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




  No             Kantor Cabang                      Target Nilai                       Capaian Nilai            Capaian Hasil
                   Branch Office                    Score Target                       Score Achieved               Results

  34     DJJ                                              101                               145                        A

  35     AMQ                                              101                               150                        A

  36     BPN                                              101                               150                        A

  37     PNK                                              101                               150                        A

  38     BDJ                                              101                               148                        A

  39     PKY                                              101                               150                        A

 Rata-Rata | Average                                      101                               147                        A




Pada periode tahun 2025, capaian Level of Service                        During 2025, the Level of Service for aircraft services
pelayanan terhadap pesawat udara menunjukkan kinerja                     demonstrated strong performance, achieving an A rating
yang sangat baik dengan pencapaian pada skala A dan                      with an average score of 147 points, reflecting the optimal
rata-rata nilai sebesar 147 poin, yang mencerminkan                      readiness of operational facilities and compliance with
optimalnya kesiapan fasilitas operasional penerbangan                    safety and service standards. To sustain service quality,
serta pemenuhan standar keselamatan dan pelayanan.                       the Company consistently implemented maintenance,
Dalam rangka menjaga keberlanjutan kualitas layanan,                     enhancement, and strengthening programs across
Perusahaan secara konsisten melaksanakan program                         airport operational facilities, including optimization
pemeliharaan, peningkatan, dan penguatan fasilitas                       of visual landing aid facilities, the readiness of Aircraft
operasional di berbagai bandar udara, termasuk                           Rescue and Fire Fighting (ARFF) facilities along with
optimalisasi fasilitas alat bantu pendaratan visual, kesiapan            supporting equipment, and the improvement of airside
fasilitas PKP-PK beserta peralatan pendukungnya, serta                   infrastructure such as runways, taxiways, and aprons.
peningkatan kualitas infrastruktur sisi udara seperti
runway, taxiway, dan apron.



Level of Service Kategori Pelayanan                                      Level of Service in the Passenger
Terhadap Penumpang                                                       Services Category

Aspek penilaian dalam Level of Service pelayanan                         The assessment aspects of the Level of Service for
terhadap penumpang mencakup kesiapan fasilitas dan                       passenger services encompass the readiness of facilities
pemenuhan standar layanan pada berbagai tahapan                          and compliance with service standards across all stages
perjalanan penumpang, mulai dari proses keberangkatan                    of the passenger journey, including departure and arrival
dan kedatangan, fasilitas yang menunjang kenyamanan,                     processes, facilities that enhance passenger comfort,
hingga fasilitas yang memberikan nilai tambah. Selain itu,               and facilities that provide added value. In addition,
kapasitas terminal bandar udara dalam mengakomodasi                      terminal capacity in accommodating passengers during
penumpang pada waktu sibuk juga menjadi indikator                        peak hours serves as a key indicator in the evaluation.
penting dalam penilaian. Seluruh parameter, tolok ukur,                  All parameters, benchmarks, and scoring standards are
dan standar nilai telah ditetapkan dalam regulasi yang                   defined in the applicable regulations, requiring airport
berlaku, sehingga pengelola bandara diwajibkan untuk                     operators to comply with these provisions.
mematuhi seluruh ketentuan tersebut.

Capaian Level of Service pada kategori pelayanan terhadap                The achievement of Level of Service in the passenger
penumpang selama tahun 2025 menunjukkan kinerja                          service category during 2025 demonstrated very strong
yang sangat baik di seluruh Kantor Cabang. Pengukuran                    performance across all Branch Offices. The Level of Service
Level of Service ini mencakup tiga subkategori utama,                    measurement encompassed three main subcategories:
yaitu:
1. Pelayanan pada fasilitas yang digunakan dalam                         1.   Services at facilities used in the departure and arrival
    proses keberangkatan dan kedatangan penumpang                             processes for both domestic and international
    domestik dan internasional,                                               passengers,




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        Ikhtisar 2025        Laporan Manajemen     Tentang Perusahaan        Diskusi dan Analisis Manajemen           Tata Kelola Perusahaan
        2025 Highlights      Management Report     About the Company         Management Discussion and Analysis       Corporate Governance




      2. Pelayanan  pada   fasilitas  yang  memberikan                  2. Services at facilities providing passenger comfort, as
         kenyamanan terhadap penumpang, serta                              well as
      3. Pelayanan pada fasilitas yang memberikan nilai                 3. Services at facilities delivering value-added benefits.
         tambah.



                 Pelayanan Pada Fasilitas Proses Keberangkatan dan Kedatangan Penumpang
                                    Service Level at Passenger Departure and Arrival Facilities


       No      Kantor Cabang      Domestik -      Domestik         Domestik -       Internasional       Internasional     Internasional
                Branch Office     Target Nilai    - Capaian       Capaian Nilai     - Target Nilai        - Capaian         - Capaian
                                   Domestic –       Angka          Domestic -        International          Angka              Nilai
                                  Value Target    Domestic -      Achievement           – Value         International     International
                                                 Achievement         Grade              Target                -                 -
                                                    Score                                               Achievement       Achievement
                                                                                                            Score             Grade

        1     CGK T1                    81           107                 A                 89                     -              -

        2     CGK T2 dom                81            115                A                 89                     -              -

        3     CGK T2 inter              81             -                 -                 89                 133                A

        4     CGK T3 dom                81            115                A                 89                     -              -

        5     CGK T3 inter              81             -                 -                 89                 133                A

        6     HLP                       81           120                 A                 89                     -              -

        7     BDO                       81           120                 A                 89                     -              -

        8     KJT                       81            110                A                 89                 125                A

        9     DPS dom                   81            119                A                 89                     -              -

        10    DPS inter                 81             -                 -                 89                 134                A

        11    LOP                       81           120                 A                 89                 135                A

        12    KOE                       81            115                A                 89                     -              -

        13    BWX                       81           120                 A                 89                     -              -

        14    PKU                       81           120                 A                 89                 135                A

        15    PLM                       81           108                 A                 89                     -              -

        16    PDG                       81            119                A                 89                 129                A

        17    PGK                       81            110                A                 89                     -              -

        18    BTJ                       81           120                 A                 89                 135                A

        19    DJB                       81            101                A                 89                     -              -

        20    TNJ                       81            115                A                 89                     -              -

        21    TKG                       81           120                 A                 89                     -              -

        22    TJQ                       81            92                 A                 89                     -              -

        23    BKS                       81            101                A                 89                     -              -

        24    DTB                       81            92                 A                 89                     -              -

        25    YIA                       81            120                A                 89                 135                A

        26    SUB T1                    81            120                A                 89                     -              -

        27    SUB T2                    81             -                 -                 89                 135                A

        28    SRG                       81            120                A                 89                 135                A




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 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




 No     Kantor Cabang           Domestik -         Domestik          Domestik -          Internasional    Internasional   Internasional
         Branch Office          Target Nilai       - Capaian        Capaian Nilai        - Target Nilai     - Capaian       - Capaian
                                Domestic –           Angka           Domestic -          International        Angka            Nilai
                               Value Target        Domestic -       Achievement             – Value       International   International
                                                  Achievement          Grade                Target              -               -
                                                     Score                                                Achievement     Achievement
                                                                                                              Score           Grade

 29    SOC                            81               115                  A                 89               126             A

 30    JOG                            81               112                  A                 89                -               -

 31    DHX                            81              120                   A                 89                -               -

 32    PWL                            81               95                   B                 89                -               -

 33    UPG                            81               118                  A                 89               133             A

 34    MDC                            81              120                   A                 89               135             A

 35    BIK                            81              120                   A                 89                -               -

 36    DJJ                            81               114                  A                 89                -               -

 37    AMQ                            81              102                   A                 89                -               -

 38    BPN                            81               115                  A                 89               130             A

 39    PNK                            81               116                  A                 89               131             A

 40    BDJ                            81              100                   A                 89                -               -

 41    PKY                            81              120                   A                 89                -               -

Rata-Rata | Average                   81             113,16                 A                 89               132             A




                                Pelayanan Fasilitas Kenyamanan dan Nilai Tambah
                               Service Level of Comfort Facilities and Value-Added Services


 No     Kantor Cabang          Kenyamanan         Kenyamanan        Kenyamanan           Nilai Tambah     Nilai Tambah    Nilai Tambah
         Branch Office         - Target Nilai      - Capaian         - Capaian           - Target Nilai     - Capaian       - Capaian
                                Comfort –            Angka              Nilai            Value Added          Angka            Nilai
                               Value Target        Comfort -         Comfort -              – Value          Value           Value
                                                  Achievement       Achievement             Target          Added -         Added -
                                                     Score             Grade                              Achievement     Achievement
                                                                                                             Score           Grade

  1    CGK T1                       69                99                    A                29               40               A

  2    CGK T2 Dom                   69                97                    A                29               40               A

  3    CGK T2 Int                   69                97                    A                29               40               B

 4     CGK T3 Dom                   69                95                    A                29               40               A

  5    CGK T3 Int                   69                95                    A                29               40               B

  6    HLP                          69                99                    A                29               40               A

  7    BDO                          69               100                    A                29               40               A

 8     KJT                          69               100                    A                29               40               A

  9    DPS Dom                      69               100                    A                29               40               A

 10    DPS Int                      69               100                    A                29               40               A

 11    LOP                          69                99                    A                29               40               A

 12    KOE                          69                99                    A                29               35               A




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        Ikhtisar 2025       Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights     Management Report       About the Company        Management Discussion and Analysis    Corporate Governance




       No      Kantor Cabang     Kenyamanan       Kenyamanan       Kenyamanan       Nilai Tambah        Nilai Tambah   Nilai Tambah
                Branch Office    - Target Nilai    - Capaian        - Capaian       - Target Nilai        - Capaian      - Capaian
                                  Comfort –          Angka             Nilai         Value Added            Angka           Nilai
                                 Value Target      Comfort -        Comfort -           – Value            Value          Value
                                                  Achievement      Achievement          Target            Added -        Added -
                                                     Score            Grade                             Achievement    Achievement
                                                                                                           Score          Grade


        13    BWX                    69              100                 A                29                 40               A

        14    PKU                    69              100                 A                29                 40               A

        15    PLM                    69              100                 A                29                 40               A

        16    PDG                    69              100                 A                29                 40               A

        17    PGK                    69               90                 A                29                 35               A

        18    BTJ                    69              100                 A                29                 40               A

        19    DJB                    69               97                 A                29                 40               A

        20    TNJ                    69               99                 A                29                 40               A

        21    TKG                    69              100                 A                29                 35               B

        22    TJQ                    69               94                 A                29                 30               A

        23    BKS                    69               80                 A                29                 35               B

        24    DTB                    69               98                 B                29                 40               A

        25    YIA                    69              100                 A                29                 40               A

        26    SUB T1                 69               95                 A                29                 40               A

        27    SUB T2                 69              100                 A                29                 40               A

        28    SRG                    69              100                 A                29                 40               A

        29    SOC                    69              100                 A                29                 40               A

        30    JOG                    69               97                 A                29                 40               A

        31    DHX                    69              100                 A                29                 35               B

        32    PWL                    69               90                 A                29                  15              D

        33    UPG                    69              100                 A                29                 40               A

        34    MDC                    69               99                 A                29                 40               A

        35    BTK                    69              100                 A                29                 40               A

        36    DJJ                    69               99                 A                29                 40               A

        37    AMQ                    69               88                 A                29                 40               A

        38    BPN                    69              100                 A                29                 40               A

        39    PNK                    69               92                 A                29                 40               B

        40    BDI                    69              100                 A                29                 40               A

        41    PKY                    69               98                 A                29                 30               B

      Rata-Rata | Average            69               97                 A                29                 38               A




170   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




     Kapasitas Terminal Bandar Udara dalam Menampung Penumpang pada Waktu Sibuk
                    Airport Terminal Capacity to Accommodate Passengers During Peak Hours


No    Kantor Cabang             Domestik         Domestik -         Domestik -         Internasional   Internasional   Internasional
       Branch Office             - Target        Capaian (%)         Kategori             - Target     - Capaian (%)     - Kategori
                                Domestic          Domestic           Domestic          International   International   International
                                 Target          Achievement         Category             Target       Achievement       Category
                                                      (%)                                                   (%)

 1   CGK T1                     Optimum               78          Sub optimum                -                -              -

 2   CGK T2 dom                 Optimum               67          Sub optimum                -                -              -

 3   CGK T2 int                      -                  -                 -             Optimum             64         Sub optimum

 4   CGK T3 dom                 Optimum              90              Optimum                 -                -              -

 5   CGK T3 int                      -                  -                 -             Optimum             115        Over design

 6   HLP                        Optimum               51          Sub optimum                -                -              -

 7   BDO                        Optimum            3.350           Over design               -                -              -

 8   KJT                        Optimum              554           Over design          Optimum            100         Over design

 9   DPS dom                    Optimum               72          Sub optimum                -                -              -

10   DPS inter                       -                  -                 -             Optimum             97          Optimum

11   LOP                        Optimum              172           Over design          Optimum            273               -

12   KOE                        Optimum              169           Over design               -                -        Over design

13   BWX                        Optimum              317           Over design               -                -              -

14   PKU                        Optimum              86           Sub optimum           Optimum             135              -

15   PLM                        Optimum              118           Over design               -                -        Sub optimum

16   PDG                        Optimum               72          Sub optimum           Optimum             28               -

17   PGK                        Optimum               81             Optimum                 -                -        Sub optimum

18   BTJ                        Optimum               79          Sub optimum           Optimum             163              -

19   DJB                        Optimum              126           Over design               -                -        Over design

20   TNJ                        Optimum              141           Over design               -                -              -

21   TKG                        Optimum              47           Sub optimum                -                -              -

22   TJQ                        Optimum               38          Sub optimum                -                -              -

23   BKS                        Optimum              42           Sub optimum                -                -              -

24   DTB                        Optimum               28          Sub optimum                -                -              -

25   YIA                        Optimum             489            Over design               -                -              -

26   SUB T1                     Optimum              115           Over design               -                -              -

27   SUB T2                          -                  -                 -             Optimum             211        Over design

28   SKG                        Optimum              216           Over design               -                -              -

29   SOC                        Optimum             288            Over design               -                -              -

30   JOG                        Optimum              359           Over design               -                -              -

31   DHX                        Optimum              383           Over design               -                -              -

32   PWL                        Optimum            1.067           Over design               -                -              -

33   UPG                        Optimum              125           Over design          Optimum             149        Over design




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        2025 Highlights      Management Report       About the Company        Management Discussion and Analysis        Corporate Governance




       No     Kantor Cabang         Domestik       Domestik -          Domestik -     Internasional      Internasional      Internasional
               Branch Office         - Target      Capaian (%)          Kategori         - Target        - Capaian (%)        - Kategori
                                    Domestic       Domestic            Domestic       International      International      International
                                     Target       Achievement          Category          Target          Achievement          Category
                                                       (%)                                                    (%)

       34    MDC                   Optimum              365           Over design       Optimum                    37      Sub optimum

        35   BIK                   Optimum               45           Sub optimum            -                      -              -

        36   DJJ                   Optimum               63           Sub optimum            -                      -              -

        37   AMQ                   Optimum             248            Over design            -                      -              -

       38    BPN                   Optimum               151          Over design       Optimum                692           Over design

        39   PNK                   Optimum              117           Over design            -                      -              -

       40    BDJ                   Optimum              172           Over design            -                      -              -

        41   PKY                   Optimum             234            Over design            -                      -              -



      Pada     sub     kategori    pelayanan      fasilitas  proses       In the subcategory of facilities supporting domestic
      keberangkatan dan kedatangan penumpang domestik,                    passenger departure and arrival processes, the Level
      capaian Level of Service berada pada skala A dengan                 of Service achievement reached Grade A with an
      rata-rata nilai sebesar 113 poin. Capaian ini mencerminkan          average score of 113 points. This performance reflects
      kualitas layanan yang konsisten dalam mendukung                     consistent service quality in supporting smooth
      kelancaran proses operasional penumpang. Dalam                      passenger operations. In its implementation, the
      implementasinya,       Perusahaan       terus      melakukan        Company continuously strengthened and aligned service
      penguatan dan penyelarasan fasilitas layanan di berbagai            facilities across airports, including the enhancement
      bandara, antara lain melalui pengembangan check-in                  of check-in counters, optimization of circulation areas,
      counter, pengaturan area sirkulasi, serta optimalisasi              and improvement of baggage handling facilities and
      fasilitas penanganan bagasi dan sistem informasi                    passenger information systems.
      penumpang.

      Sementara itu, pada proses keberangkatan dan                        Meanwhile, for international passenger departure and
      kedatangan penumpang internasional, capaian Level of                arrival processes, the Level of Service achievement also
      Service juga berada pada skala A dengan rata-rata nilai             reached Grade A with an average score of 132 points,
      sebesar 132 poin, yang mencerminkan kesiapan fasilitas              reflecting the readiness of facilities and optimal service
      dan standar layanan yang optimal dalam mendukung                    standards in supporting seamless international passenger
      kelancaran proses pelayanan penumpang internasional.                services.

      Pada sub kategori pelayanan fasilitas yang memberikan               In the subcategory of facilities providing passenger
      kenyamanan, seluruh Kantor Cabang mencatat                          comfort, all Branch Offices achieved Grade A with an
      capaian pada skala A dengan rata-rata nilai sebesar                 average score of 97 points. Meanwhile, in the subcategory
      97 poin. Pada sub kategori pelayanan fasilitas yang                 of value-added service facilities, the achievement also
      memberikan nilai tambah, capaian juga berada                        reached Grade A with an average score of 38 points.
      pada skala A dengan rata-rata nilai 38 poin. Hasil ini              These results demonstrate the Company’s commitment
      menunjukkan komitmen Perusahaan dalam menjaga                       to maintaining a high-quality passenger experience
      kualitas pengalaman penumpang melalui penyediaan                    through the provision of supporting facilities, including
      fasilitas pendukung, termasuk ketersediaan trolley,                 trolley availability, service area arrangements, lighting
      pengaturan area layanan, pengkondisian pencahayaan,                 conditions, as well as public facilities and facilities
      serta penyediaan fasilitas umum dan bagi pengguna                   for passengers with special needs. The Company
      berkebutuhan khusus. Perusahaan secara berkelanjutan                continuously enhances and adjusts these facilities to
      melakukan peningkatan dan penyesuaian fasilitas untuk               ensure alignment with operational requirements and
      memastikan kesesuaian dengan kebutuhan operasional                  passenger expectations.
      dan ekspektasi pengguna jasa.

      Selain aspek pelayanan, Perusahaan juga melakukan                   In addition to service aspects, the Company also assessed
      pengukuran terhadap kapasitas terminal dalam                        terminal capacity in accommodating passengers during
      menampung penumpang pada waktu sibuk, baik                          peak periods for both domestic and international
      untuk terminal domestik maupun internasional. Hasil                 terminals. The assessment results indicate a distribution of



172   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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   Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
   Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




pengukuran menunjukkan distribusi kapasitas yang                          capacity across optimum, sub-optimum, and over-design
mencakup kategori optimum, sub optimum, dan over                          categories, reflecting varying levels of space utilization
design, yang mencerminkan variasi tingkat utilisasi                       and operational characteristics across airports. This
ruang serta karakteristik operasional di masing-                          condition provides a basis for the Company to manage
masing bandara. Kondisi ini memberikan dasar bagi                         the balance between capacity and service demand, while
Perusahaan dalam mengelola keseimbangan antara                            supporting operational flexibility in accommodating the
kapasitas dan kebutuhan layanan, sekaligus mendukung                      dynamics of passenger traffic growth.
fleksibilitas operasional dalam mengakomodasi dinamika
pertumbuhan lalu lintas penumpang.



Level of Service Untuk Kategori                                           Level of Service for Air Cargo and
Pelayanan Jasa Kargo dan Pos                                              Mail Services Category
Pesawat Udara

Level of Service untuk kategori jasa pelayanan kargo                      The Level of Service for air cargo and mail services category
dan pos pesawat udara mencakup penilaian terhadap                         encompasses the assessment of facility readiness and
kesiapan fasilitas dan pemenuhan standar layanan yang                     compliance with service standards that support the safe,
mendukung kelancaran proses penanganan kargo                              orderly, and efficient handling of cargo and mail operations.
dan pos secara aman, tertib, dan efisien. Aspek yang                      The evaluated aspects include the provision of land and/
diukur meliputi penyediaan lahan dan/atau bangunan                        or buildings for cargo and mail handling activities, the
untuk kegiatan operasional kargo dan pos, penerapan                       implementation of security measures within cargo areas
pengamanan di area kargo sesuai dengan ketentuan                          in accordance with aviation security regulations, the
keamanan penerbangan, ketersediaan pembatas fisik                         availability of physical barriers for restricted security areas,
pada daerah keamanan terbatas, serta dukungan                             as well as supporting infrastructure such as access roads
infrastruktur seperti jalan akses dan area parkir kendaraan.              and vehicle parking areas.

Selain itu, kualitas layanan juga dinilai dari ketersediaan               In addition, service quality is also assessed based on the
fasilitas pendukung, antara lain pelayanan informasi,                     availability of supporting facilities, including information
pencahayaan yang memadai, tempat ibadah, toilet, serta                    services, adequate lighting, prayer rooms, toilets, and
kebersihan area, guna memastikan operasional kargo dan                    cleanliness, to ensure that cargo and mail operations
pos berjalan optimal serta memenuhi standar pelayanan                     run optimally and in accordance with applicable service
yang berlaku.                                                             standards.




  No               Kantor Cabang                     Target Nilai                        Capaian Nilai             Capaian Hasil
                    Branch Office                    Score Target                       Score Achieved                Results

   1     CGK 510                                          69                                    91                        A

   2     CGK 520                                          69                                    90                        A

   3     CGK 530                                          69                                    90                        A

   4     CGK 540                                          69                                    88                        A

   5     HLP                                              69                                   100                        A

   6     BDO                                              69                                     -                        -

   7     KJT                                              69                                    95                        A

   8     DPS DOM                                          69                                   100                        A

   9     DPS INTER                                        69                                   100                        A

  10     LOP                                              69                                   100                        A

   11    KOE                                              69                                   100                        A

  12     BWX                                              69                                    95                        A




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        2025 Highlights        Management Report   About the Company    Management Discussion and Analysis     Corporate Governance




        No                Kantor Cabang               Target Nilai             Capaian Nilai                 Capaian Hasil
                          Branch Office              Score Target            Score Achieved                     Results

        13    PKU                                         69                          100                          A

        14    PLM                                         69                          100                          A

        15    PDG                                         69                           94                          A

        16    PGK                                         69                           87                          A

        17    BTJ                                         69                           96                          A

        18    DJB                                         69                            72                         A

        19    TNJ                                         69                            96                         A

        20    TKG                                         69                           89                          A

        21    TJQ                                         69                            95                         A

        22    BKS                                         69                           74                          A

        23    DTB                                         69                            76                         B

        24    YIA                                         69                          100                          A

        25    SUB T1                                      69                          100                          A

        26    SUB T2                                      69                          100                          A

        27    SRG                                         69                          100                          A

        28    SOC                                         69                            96                         A

        29    JOG                                         69                           98                          A

        30    DHX                                         69                            97                         A

        31    PWL                                         69                              -                         -

        32    UPG                                         69                          100                          A

        33    MDC                                         69                          100                          A

        34    BIK                                         69                          100                          A

        35    DJJ                                         69                            95                         A

        36    AMQ                                         69                            97                         A

        37    BPN                                         69                          100                          A

        38    PNK                                         69                          100                          A

        39    BDJ                                         69                           90                          A

        40    PKY                                         69                           88                          A

       Rata-Rata | Average                                69                           94                          A




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Berdasarkan hasil penilaian Level of Service pada kategori              Based on the Level of Service assessment results for
pelayanan jasa kargo dan pos pesawat udara tahun 2025,                  air cargo and mail services category in 2025, overall
secara umum kinerja pelayanan menunjukkan capaian                       performance demonstrated very strong outcomes, with
yang sangat baik dengan mayoritas kantor cabang                         the majority of branch offices achieving an A rating and
memperoleh nilai A, serta rata-rata capaian sebesar 94                  an average score of 94 points, exceeding the established
poin, melampaui target yang ditetapkan sebesar 69. Hal                  target score of 69. This reflects the high level of readiness
ini mencerminkan tingkat kesiapan fasilitas dan standar                 of facilities and service standards in supporting cargo and
layanan yang optimal dalam mendukung operasional                        mail operations across the airport network.
kargo dan pos di lingkungan bandar udara.



Kesimpulan                                                              Summary

Sepanjang tahun 2025, seluruh bandar udara yang                         Throughout 2025, all airports managed by PT Angkasa
dikelola oleh PT Angkasa Pura Indonesia secara konsisten                Pura Indonesia consistently conducted monthly self-
telah melaksanakan self-assessment penilaian tingkat                    assessments of airport service performance (level of
pelayanan (level of service) jasa kebandarudaraan setiap                service) in accordance with the provisions stipulated
bulan, sesuai dengan ketentuan dalam Peraturan Menteri                  under Regulation of the Minister of Transportation of
Perhubungan Republik Indonesia No. PM 41 Tahun 2023                     the Republic of Indonesia No. PM 41 of 2023 concerning
tentang Pelayanan Jasa Kebandarudaraan di Bandar                        Airport Service Standards. Based on the evaluation results,
Udara. Berdasarkan hasil evaluasi tersebut, secara umum                 the overall level of service across the airports exceeded the
capaian tingkat pelayanan di seluruh bandar udara                       established targets, with average achievements above
menunjukkan kinerja yang melampaui target yang telah                    category B (very good).
ditetapkan, dengan rata-rata pencapaian berada di atas
kategori B (baik sekali).

Meskipun demikian, terdapat pengecualian pada                           However, an exception was noted at PWL Airport, which
Bandar Udara PWL yang memperoleh nilai D dalam                          recorded a score of D in the value-added component due
aspek pemenuhan nilai tambah, yang disebabkan                           to the absence of scheduled flight operations during the
oleh belum tersedianya penerbangan berjadwal pada                       reporting period. Nevertheless, the Company maintained
periode pelaporan. Terlepas dari hal tersebut, Perusahaan               consistency in conducting daily inspections through the
senantiasa menjaga konsistensi dalam pelaksanaan                        utilization of the I-CARE OPTIMA application as part of its
inspeksi harian melalui pemanfaatan aplikasi I-CARE                     efforts to ensure the readiness of facilities and compliance
OPTIMA sebagai bagian dari upaya memastikan kesiapan                    with service standards. The results of these inspections
fasilitas dan pemenuhan standar layanan. Hasil inspeksi                 are reflected in the level of service performance,
tersebut secara terintegrasi tercermin dalam capaian                    demonstrating the Company’s commitment to sustaining
nilai level of service, yang sekaligus menjadi indikator                service quality across its airport network.
komitmen Perusahaan dalam menjaga kualitas pelayanan
secara berkelanjutan di seluruh jaringan bandar udara.




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        2025 Highlights     Management Report       About the Company      Management Discussion and Analysis   Corporate Governance




                  Penambahan Layanan Mecca Route
                  dalam Mendukung Pelayanan Haji 2025

                  Expansion of Mecca Route Services to Support the 2025 Hajj Operations

                  Pada tahun 2025, PT Angkasa Pura Indonesia turut memperkuat layanan penerbangan haji melalui
                  implementasi Mecca Route sebagai bagian dari peningkatan kualitas pelayanan kepada jamaah haji. Mecca
                  Route merupakan layanan jalur cepat (fast track) keimigrasian yang diselenggarakan oleh Pemerintah Arab
                  Saudi untuk mempermudah dan mempercepat proses kedatangan jemaah haji, sehingga jemaah tidak perlu
                  melalui antrian panjang pada saat tiba di bandara di Arab Saudi. Implementasi layanan ini mencerminkan
                  sinergi antara otoritas kedua negara dalam meningkatkan efisiensi proses keberangkatan dan kedatangan
                  jemaah haji.

                  Pada tahun 2025, layanan Mecca Route diselenggarakan di tiga bandara yang dikelola oleh PT Angkasa
                  Pura Indonesia, yaitu Soekarno-Hatta (CGK), Juanda Surabaya (SUB), dan Adi Soemarmo Solo (SOC),
                  dengan rencana penambahan di Sultan Hasanuddin Makassar (UPG) pada tahun 2026, yang penetapannya
                  didasarkan pada volume trafik serta evaluasi dari Kingdom of Saudi Arabia (KSA). Sepanjang periode
                  operasional haji 2025, jumlah jemaah yang dilayani melalui Mecca Route di ketiga bandara tersebut
                  mencapai 122 kloter dengan 51.533 jamaah di CGK, 97 kloter dengan 36.817 jemaah di SUB, serta 96
                  kloter dengan 34.047 jemaah di SOC. Penerapan layanan ini menunjukkan komitmen Perseroan dalam
                  mendukung kelancaran operasional haji sekaligus meningkatkan pengalaman perjalanan jamaah secara
                  lebih efisien dan nyaman.

                  In 2025, PT Angkasa Pura Indonesia strengthened its Hajj flight services through the implementation of
                  the Mecca Route as part of efforts to enhance service quality for Hajj pilgrims. The Mecca Route is a fast-
                  track immigration service provided by the Government of Saudi Arabia to facilitate and accelerate the
                  arrival process for pilgrims, enabling them to bypass long queues upon arrival at airports in Saudi Arabia.
                  The implementation of this service reflected strong synergy between the authorities of both countries in
                  improving the efficiency of departure and arrival processes for Hajj pilgrims.

                  In 2025, the Mecca Route service was implemented at three airports managed by PT Angkasa Pura Indonesia,
                  namely Soekarno-Hatta (CGK), Juanda Surabaya (SUB), and Adi Soemarmo Solo (SOC), with plans to expand to
                  Sultan Hasanuddin Makassar (UPG) in 2026. This expansion was determined based on traffic volume as well as
                  evaluations conducted by the Kingdom of Saudi Arabia (KSA). Throughout the 2025 Hajj operational period, the
                  number of pilgrims served through the Mecca Route at these three airports reached 122 flight groups (kloter)
                  with 51,533 pilgrims at CGK, 97 flight groups with 36,817 pilgrims at SUB, and 96 flight groups with 34,047
                  pilgrims at SOC. The implementation of this service demonstrated the Company’s commitment to supporting
                  smooth Hajj operations while enhancing the overall travel experience of pilgrims in a more efficient and




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    Tingkat Kepuasan Pelanggan
Customer Satisfaction Index

PT Angkasa Pura Indonesia secara konsisten melakukan                     PT Angkasa Pura Indonesia consistently monitors service
pemantauan terhadap kualitas pelayanan dari perspektif                   quality from a customer experience perspective through
pengalaman pelanggan (customer experience) melalui                       the Customer Satisfaction Index (CSI) Measurement
Program Pengukuran Indeks Kepuasan Pelanggan                             Program, which has been implemented since 2008 in
(Customer Satisfaction Index/CSI) yang telah dilaksanakan                collaboration with the Indonesia National Air Carriers
sejak tahun 2008 bekerja sama dengan Indonesia                           Association (INACA). This program encompasses not
National Air Carriers Association (INACA). Program ini                   only the measurement of CSI but also other relevant
tidak hanya mencakup pengukuran CSI, tetapi juga                         indicators, namely the Customer Dissatisfaction Index
indikator pendukung lainnya, yaitu Indeks Ketidakpuasan                  (CDI) and the Customer Engagement Index (CEI), to
Pelanggan (Customer Dissatisfaction Index/CDI) dan                       provide a comprehensive view of customer perceptions
Indeks Keterikatan Pelanggan (Customer Engagement                        and engagement with the Company’s services.
Index/CEI),  guna     memperoleh      gambaran       yang
komprehensif atas persepsi dan keterlibatan pelanggan
terhadap layanan Perusahaan.

Dalam rangka memenuhi salah satu Key Performance                         In fulfilling one of the Company’s Key Performance
Indicator (KPI) Perusahaan, PT Angkasa Pura Indonesia                    Indicators (KPIs), PT Angkasa Pura Indonesia conducted
pada tahun 2025 melaksanakan pengukuran Customer                         a Customer Satisfaction Index (CSI) measurement in
Satisfaction Index (CSI). Pengukuran tersebut dilakukan                  2025. The assessment was carried out through the Airport
melalui survei Airport Service Quality (ASQ) yang                        Service Quality (ASQ) survey across 14 (fourteen) airports
diselenggarakan pada 14 (empat belas) bandar udara                       managed by PT Angkasa Pura Indonesia, which include:
yang dikelola oleh PT Angkasa Pura Indonesia, yaitu:
1. Bandara Internasional Soekarno-Hatta (Tangerang),                     1.   Soekarno-Hatta International Airport (Tangerang),
2. Bandara Sultan Mahmud Badaruddin II, (Palembang),                     2.   Sultan Mahmud Badaruddin II Airport (Palembang),
3. Bandara Supadio (Pontianak),                                          3.   Supadio Airport (Pontianak),
4. Bandara Internasional Sultan Syarif Kasim II                          4.   Sultan Syarif Kasim II International Airport (Pekanbaru),
   (Pekanbaru),
5. Bandara Depati Amir (Pangkal Pinang),                                 5. Depati Amir Airport (Pangkal Pinang),



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        2025 Highlights      Management Report       About the Company        Management Discussion and Analysis      Corporate Governance




      6. Bandara Zainuddin Abdul Madjid (Lombok),                         6. Zainuddin Abdul Madjid Airport (Lombok),
      7. Bandara Internasional I Gusti Ngurah Rai (Bali),                 7. I Gusti Ngurah Rai International Airport (Bali),
      8. Bandara Internasional Juanda (Surabaya),                         8. Juanda International Airport (Surabaya),
      9. Bandara Internasional Sultan Hasanuddin (Makassar),              9. Sultan Hasanuddin International Airport (Makassar),
      10. Bandara Internasional SAMS Sepinggan (Balikpapan),              10. SAMS Sepinggan International Airport (Balikpapan),
      11. Bandara Internasional Yogyakarta (Kulon Progo),                 11. Yogyakarta International Airport (Kulon Progo),
      12. Bandara Jenderal Ahmad Yani (Semarang),                         12. Jenderal Ahmad Yani Airport (Semarang),
      13. Bandara Adi Soemarmo (Solo), dan                                13. Adi Soemarmo Airport (Solo), and
      14. Bandara Pattimura (Ambon).                                      14. Pattimura Airport (Ambon).

      Pada tahun 2025, Perusahaan mulai mengimplementasikan               In 2025, the Company began implementing Customer
      Analisis Persona Pelanggan (Customer Persona Analysis/              Persona Analysis (CPA) to gain deeper insights into
      CPA) sebagai upaya untuk memahami lebih dalam                       passenger characteristics, needs, and behaviors,
      karakteristik, kebutuhan, dan perilaku penumpang, sehingga          enabling the delivery of more targeted services tailored
      memungkinkan penyediaan layanan yang lebih tepat                    to specific customer segments at airports. Furthermore,
      sasaran sesuai dengan segmen pelanggan di bandar udara.             the processing and presentation of CSI data continue to
      Selain itu, pengolahan data dan penyajian informasi CSI terus       be enhanced within an integrated Business Intelligence
      dikembangkan dalam kerangka Business Intelligence yang              framework, aimed at facilitating access to relevant and
      terintegrasi, guna mendukung kemudahan akses terhadap               up-to-date information, as well as strengthening effective
      informasi yang relevan dan terkini, serta memperkuat                decision-making to improve airport service quality and
      efektivitas pengambilan keputusan dalam rangka                      support sustainable business value creation.
      peningkatan kualitas layanan dan penciptaan nilai bisnis
      yang berkelanjutan.

      Adapun hasil skor ASQ Survei Tahun 2025 adalah sebagai              The ASQ Survey scores for 2025 were as follows:
      berikut:

                          Tabel Customer Satisfaction Index (CSI) ASQ Survei Tahun 2025
                               Table of the 2025 Customer Satisfaction Index (CSI) of ASQ Survey


        No                                       Bandara                                                       Capaian Q4
                                                 Airport                                                    Q4 Achievement

         1    Soekarno-Hatta (CGK)                                                                                 5,00

         2    Sultan Mahmud Badaruddin II (PLM)                                                                    5,00

         3    Supadio (PNK)                                                                                        4,99

         4    Sultan Syarif Kasim II (PKU)                                                                         5,00

         5    Depati Amir (PGK)                                                                                    5,00

         6    I Gusti Ngurah Rai (DPS)                                                                             5,00

         7    Juanda (SUB)                                                                                         5,00

         8    Sultan Hasanuddin (UPG)                                                                              5,00

         9    SAMS Sepinggan Balikpapan (BPN)                                                                      5,00

        10    Internasional Yogyakarta (YIA)                                                                       5,00

        11    Ahmad Yani (SRG)                                                                                     5,00

        12    Adi Soemarmo (SOC)                                                                                   5,00

        13    Pattimura (AMQ)                                                                                      5,00

        14    Zainuddin Abdul Madjid Lombok (LOP)                                                                  4,95



      Hasil tersebut melampaui target korporasi sebesar                   The results exceeded the corporate target of 4.77, with
      4,77 dengan GAP positif sebesar +0,23. Pada lokasi                  a positive gap of +0.23. At the surveyed locations, the
      yang disurvei, diperoleh rata-rata skor sebesar 5,00.               average score reached 5.00. Based on the survey findings,
      Berdasarkan hasil survei tersebut, terdapat 5 (lima)                5 (five) key recommendations were identified to enhance



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rekomendasi untuk peningkatan pelayanan dan fasilitas                    airport services and facilities, namely:
bandar udara, yaitu:
1. Peningkatan kualitas layanan Wi-Fi (Service Quality).                 1. Enhancement of Wi-Fi service quality (Service Quality).
2. Peningkatan ketersediaan stasiun pengisian daya                       2. Improvement in the availability of charging stations
   (Availability of Charging Station).                                      (Availability of Charging Station).
3. Pengembangan fasilitas hiburan dan rekreasi                           3. Development of entertainment and leisure facilities
   (Entertainment & Leisure Options).                                       (Entertainment & Leisure Options).
4. Optimalisasi waktu tunggu pada proses pemeriksaan                     4. Optimization of waiting time in border/passport
   perbatasan/imigrasi (Waiting Time: Border/Passport                       control processes (Waiting Time: Border/Passport
   Control).                                                                Control).
5. Peningkatan Value for Money (VFM) pada fasilitas                      5. Enhancement of Value for Money (VFM) in restaurant,
   restoran, bar, dan kafe.                                                 bar, and café facilities.




TINJAUAN UNIT PENDUKUNG LAINNYA
OTHER SUPPORTING UNITS REVIEW




    Sumber Daya Manusia
Human Resources

Sumber Daya Manusia (SDM) memiliki peran strategis                       Human Resources (HR) play a strategic role in
dalam menentukan kinerja perusahaan serta tingkat                        determining corporate performance and customer
kepuasan pelanggan. Oleh karena itu, pengembangan                        satisfaction. Therefore, HR development constitutes
SDM merupakan aspek fundamental yang harus                               a fundamental aspect that must be prioritized. The
menjadi prioritas. Perusahaan dituntut untuk senantiasa                  Company is required to continuously adapt to evolving



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        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      beradaptasi dengan dinamika perkembangan zaman                 dynamics and systematically prepare its human capital to
      serta mempersiapkan SDM secara komprehensif guna               address future challenges. High-quality human resources
      menghadapi tantangan di masa depan. SDM yang unggul            not only support sustainable business growth but also
      tidak hanya mendukung pertumbuhan bisnis yang                  serve as a key competitive advantage amid increasingly
      berkelanjutan, tetapi juga menjadi sumber keunggulan           intense competition.
      kompetitif di tengah persaingan yang semakin intensif.

      PT Angkasa Pura Indonesia berkomitmen untuk terus              PT Angkasa Pura Indonesia remains committed to
      mengelola serta mengembangkan kapasitas dan                    consistently managing and enhancing the capacity and
      kompetensi SDM secara berkelanjutan. Komitmen ini              competencies of its human capital. This commitment is
      bertujuan agar SDM tidak hanya mampu memberikan                aimed at ensuring that employees are not only capable
      layanan yang prima kepada pelanggan, tetapi juga               of delivering excellent customer service but also able to
      berkontribusi secara optimal dalam meningkatkan                contribute optimally to the simultaneous improvement of
      kinerja perusahaan secara simultan.                            overall corporate performance.

      Pengelolaan dan pengembangan SDM dilaksanakan                  Human capital management and development are
      melalui proses yang terstruktur, terintegrasi, dan             implemented through structured, integrated, and
      berkesinambungan, mulai dari tahap rekrutmen                   continuous processes, commencing from recruitment
      hingga memasuki masa purna bakti. Proses tersebut              through to retirement. These processes are reinforced by
      didukung oleh penguatan budaya organisasi yang                 a strong organizational culture, enabling every employee
      kondusif, sehingga setiap karyawan dapat berperan aktif        to actively contribute to the Company’s development,
      dalam mendorong pengembangan perusahaan, baik                  both in addressing current needs and in anticipating
      untuk memenuhi kebutuhan saat ini maupun dalam                 future challenges.
      mengantisipasi tantangan di masa mendatang.



      Manajemen Human Capital                                        Human Capital Management

      PT Angkasa Pura Indonesia menerapkan manajemen                 PT Angkasa Pura Indonesia implements a comprehensive
      Sumber Daya Manusia (SDM) yang komprehensif sesuai             Human Resources (HR) management framework in
      dengan regulasi yang berlaku dan praktik terbaik (best         compliance with prevailing regulations and best practices.
      practices). Pengelolaan SDM melibatkan berbagai divisi         HR management involves multiple divisions and work
      dan unit kerja agar setiap fungsi dapat menjalankan            units to ensure that each function can effectively carry out
      tugas dan tanggung jawabnya secara optimal.                    its respective roles and responsibilities.

      Saat ini, pengelolaan SDM dilaksanakan oleh empat unit         Currently, HR management is executed through
      utama, yaitu Human Capital Services, Talent Management,        four primary units: Human Capital Services, Talent
      People Development, dan Learning Management,                   Management, People Development, and Learning
      yang masing-masing memiliki peran strategis dalam              Management, each of which plays a strategic role in
      mendukung pengelolaan SDM Perusahaan.                          supporting the Company’s human capital governance.

      Tugas pokok Unit Human Capital Services:                       Main duties of the Human Capital Services Unit:
      1. Mengelola data kepegawaian melalui Human                    1. Managing employee data through the Human
         Resources     Information   System    (HRIS)  serta            Resources Information System (HRIS) and personnel
         administrasi kepegawaian.                                      administration.
      2. Mengelola dan menganalisis sistem informasi fungsi          2. Managing and analyzing human capital information
         human capital guna meningkatkan efektivitas proses             systems to enhance process effectiveness.
         kerja.
      3. Mengelola administrasi kepegawaian, termasuk                3. Administering personnel matters, including academic
         namun tidak terbatas pada penyesuaian ijazah,                  adjustments, employee certification letters, decree
         penerbitan surat keterangan karyawan, administrasi             administration, honorarium processes, time evaluation
         SK TLR dan SK MPP, proses honorarium, time                     (leave, permits, overtime, meal and overtime
         evaluation (administrasi cuti, izin, lembur, uang              allowances), and employee CV management.
         makan, dan uang lembur), serta pengelolaan CV
         karyawan.
      4. Mengelola administrasi compensation & benefits              4. Managing compensation & benefits and non-cash
         serta non-cash benefits karyawan.                              benefits administration.
      5. Merencanakan       dan   menganalisis   administrasi        5. Planning and analyzing payroll administration related
         pembayaran (payroll) terkait kompensasi, manfaat,              to compensation, benefits, employee assistance, and



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   bantuan karyawan, dan honorarium agar pembayaran                          honorariums so that income payments are made on
   penghasilan terlaksana tepat waktu dan sesuai                             time and in accordance with regulations.
   ketentuan.
6. Mengelola administrasi pembayaran premi, THT,                         6. Managing premium, pension (THT, DPLK), insurance,
   DPLK, asuransi, dan BPJS serta memastikan                                and BPJS administration, including claims processing
   keakuratan data dan proses klaim manfaat sesuai                          in accordance with applicable regulations.
   ketentuan yang berlaku.

Tugas pokok Unit Talent Management:                                      Main duties of the Talent Management Unit:
1. Mengelola proses rekrutmen sesuai rencana                             1. Managing recruitment in line with workforce planning,
   pemenuhan kebutuhan SDM, termasuk pengelolaan                            including employee journey management.
   perjalanan karyawan.
2. Mengelola pergerakan karier, perencanaan suksesi,                     2. Managing career movement, succession planning,
   mobilisasi, penugasan, dan perbantuan pegawai                            mobilization,  assignments,     and      employee
   sesuai ketentuan.                                                        secondment.
3. Mengelola administrasi SK PGS dan SK Pensiun sesuai                   3. Managing administrative processes related to acting
   ketentuan yang berlaku.                                                  appointments and retirement decrees.

Tugas pokok Unit People Development:                                     Main duties of the People Development Unit:
1. Mengarahkan dan mengevaluasi kebijakan model                          1. Directing and evaluating competency model policies
   serta profil kompetensi pegawai.                                         and employee competency profiles.
2. Mengelola      knowledge      management        melalui               2. Managing      knowledge     management      through
   knowledge sharing dan knowledge transfer serta                           knowledge sharing and knowledge transfer and
   melakukan kajian atas isu pengetahuan strategis (key                     conducting studies on key knowledge issues.
   knowledge issues).
3. Memastikan pemutakhiran learning database terkait                     3. Ensuring the continuous update of the learning
   fasilitator, asesor, instruktur, sertifikasi, dan data                   database,     including facilitator and    assessor
   knowledge management.                                                    certifications.
4. Mengarahkan       dan    mengevaluasi      pelaksanaan                4. Directing and evaluating learning & development
   program learning & development, termasuk                                 program implementation and infrastructure.
   infrastruktur pendukungnya.

Tugas pokok Unit Learning Management:                                    Main duties of the Learning Management Unit:
1. Mengarahkan       dan    mengevaluasi     pelaksanaan                 1. Directing and evaluating learning needs analysis.
   learning needs analysis.
2. Merancang      program      pembelajaran,    termasuk                 2. Designing learning programs, including curriculum,
   kurikulum, silabus, serta rencana anggaran dan biaya.                    syllabus, budgeting, and cost planning.
3. Merencanakan konsep learning experience untuk                         3. Developing learning experience concepts for each
   setiap program pembelajaran.                                             program.
4. Mengarahkan        dan      mengevaluasi      asesmen                 4. Directing and evaluating employee competency
   kompetensi karyawan guna memetakan potensi dan                           assessments to map their potential and competencies
   kompetensi sesuai ketentuan.                                             according to regulations.
5. Mengevaluasi dan memetakan hasil asesmen ke                           5. Mapping assessment results into talent pool
   dalam klasifikasi talent pool.                                           classifications.
6. Merencanakan dan menganalisis pengendalian mutu                       6. Planning and analyzing quality control of all learning
   seluruh program pembelajaran.                                            programs.
7. Merencanakan dan menganalisis pelaksanaan                             7. Planning and analyzing the implementation of
   program magang, prakerin, PKL, dan riset mahasiswa.                      internship, work experience, field work experience,
                                                                            and student research programs.

Tugas pokok Unit Human Capital Strategy:                                 Main duties of the Human Capital Strategy Unit
1. Merumuskan strategi dan kebijakan manajemen SDM                       1. Formulate human capital management strategies
   yang selaras dengan visi, misi, dan sasaran strategis                    and policies aligned with the Company’s vision,
   Perusahaan.                                                              mission, and strategic objectives.
2. Menyusun Corporate Human Capital Strategy                             2. Develop the Corporate Human Capital Strategy to
   guna mendukung pencapaian target RKAP dan                                support the achievement of the Company’s RKAP
   keberlanjutan bisnis.                                                    targets and business sustainability.




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      3. Mendesain sistem manajemen kinerja yang terukur              3. Design a measurable performance management
         untuk memastikan pencapaian produktivitas dan                   system to ensure organizational productivity and
         kinerja organisasi.                                             performance attainment.
      4. Menetapkan kebijakan remunerasi dan kesejahteraan            4. Establish competitive remuneration and employee
         yang kompetitif guna meningkatkan engagement                    welfare policies to enhance engagement and
         dan retensi karyawan.                                           retention.
      5. Mengembangkan         kerangka      pengembangan
         kompetensi dan kapabilitas SDM berbasis kebutuhan            5. Develop a competency and capability development
         bisnis.                                                         framework based on business needs.
      6. Menyusun kebijakan perencanaan suksesi dan                   6. Formulate succession planning and leadership
         regenerasi     kepemimpinan     untuk      menjamin             regeneration policies to ensure organizational
         kesinambungan organisasi.                                       continuity.
      7. Mendorong transformasi organisasi yang agile melalui         7. Drive organizational transformation toward agility
         penguatan struktur, budaya, dan tata kelola SDM.                through strengthening structure, culture, and human
                                                                         capital governance.
      8. Mengarahkan pemanfaatan teknologi dan sistem                 8. Direct the utilization of digital systems and technology
         digital dalam pengelolaan SDM untuk mendukung                   in human capital management to support the vision
         visi PT Angkasa Pura Indonesia sebagai operator                 of PT Angkasa Pura Indonesia as a world-class airport
         bandara kelas dunia.                                            operator.

      Tugas pokok Unit Corporate Talent Management:                   Main duties of the Corporate Talent Management Unit:
      1. Mengelola dan mengevaluasi proses rekrutmen dan              1. Manage and evaluate integrated recruitment and
         seleksi secara terintegrasi berdasarkan perencanaan             selection processes based on workforce planning.
         tenaga kerja.
      2. Mengendalikan penempatan, pengklasifikasian, dan             2. Oversee employee placement, classification, and
         asesmen karyawan sesuai kebutuhan organisasi.                   assessment in accordance with organizational needs.
      3. Mengelola pengembangan karier dan ketersediaan               3. Manage career development and talent availability to
         talenta guna memastikan SDM yang kompeten dan                   ensure competent and sustainable human resources.
         berkelanjutan.



      Kebijakan Pengembangan                                          Competency Development Policy
      Kompetensi

      Bagi PT Angkasa Pura Indonesia, sumber daya manusia             For PT Angkasa Pura Indonesia, human capital
      merupakan aset strategis yang berperan penting dalam            constitutes a strategic asset that plays a vital role in
      menjaga keberlanjutan usaha serta meningkatkan                  sustaining business continuity and enhancing overall
      kualitas kinerja perusahaan. Oleh karena itu, perusahaan        corporate performance. Accordingly, the Company
      senantiasa melaksanakan proses rekrutmen berdasarkan            consistently conducts its recruitment processes based on
      prinsip keterbukaan, keadilan, dan kesetaraan dengan            the principles of transparency, fairness, and equality, with
      mengedepankan         aspek    kompetensi,     kebutuhan        due consideration given to competencies, organizational
      organisasi, serta keahlian kandidat.                            requirements, and candidates’ expertise.

      Dalam        pelaksanaannya,      perusahaan       juga         In its implementation, the Company also takes into
      mempertimbangkan ketersediaan tenaga kerja baik di              account the availability of both local and national workforce
      tingkat lokal maupun nasional. Kandidat yang dinyatakan         resources. Candidates who pass the administrative
      lolos seleksi administrasi direkrut melalui situs resmi         selection stage are recruited through the Company’s
      perusahaan serta media iklan yang relevan.                      official website and relevant advertising channels.

      Dalam rangka meningkatkan daya saing di industri                To strengthen competitiveness within the aviation
      aviasi sekaligus menjaga keberlangsungan bisnis, PT             industry while ensuring sustainable business operations,
      Angkasa Pura Indonesia berkomitmen untuk terus                  PT Angkasa Pura Indonesia is committed to continuously
      mengembangkan kompetensi seluruh pegawainya.                    developing the competencies of all employees. Every
      Setiap pegawai memiliki hak dan kesempatan yang setara          employee is entitled to equal rights and opportunities to
      untuk mengikuti program pelatihan dan pengembangan              participate in training and development programs aimed
      guna meningkatkan pengetahuan, keterampilan, dan                at enhancing their knowledge, skills, and expertise in
      keahlian sesuai dengan minat individu serta kebutuhan           alignment with individual interests and the Company’s
      perusahaan.                                                     needs.



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Kesetaraan dalam Program Pelatihan                                           Equal Opportunity in Training and
dan Pengembangan                                                             Development Programs

Seluruh pegawai diberikan kesempatan yang setara                             All employees are provided with equal opportunities to
untuk berpartisipasi dalam program pelatihan dan                             participate in training and development programs. This
pengembangan. Kebijakan ini mencerminkan komitmen                            policy reflects the Company’s commitment to fostering
perusahaan dalam membangun lingkungan kerja                                  an inclusive work environment and to continuously
yang inklusif serta berorientasi pada peningkatan                            improving the overall quality of its human capital.
kualitas sumber daya manusia secara menyeluruh dan
berkelanjutan.

Perusahaan tetap berkomitmen untuk menyelenggarakan                          The Company remains committed to implementing
program pelatihan dan pengembangan karyawan                                  employee training and development programs effectively
secara efektif dan berkelanjutan. Proses integrasi tidak                     and sustainably. The integration process has not
mengurangi fokus perusahaan terhadap peningkatan                             diminished the Company’s focus on enhancing human
kapabilitas sumber daya manusia, melainkan memperkuat                        capital capabilities; rather, it has strengthened synergies
sinergi dalam perancangan program pelatihan yang lebih                       in designing more structured, relevant, and adaptive
terstruktur, relevan, serta adaptif terhadap dinamika dan                    training programs aligned with the evolving demands of
kebutuhan industri kebandarudaraan.                                          the airport services industry.

Melalui pendekatan yang lebih terintegrasi, setiap                           Through a more integrated approach, each employee is
karyawan    diberikan    kesempatan      untuk    terus                      provided with the opportunity to continuously enhance
meningkatkan     kompetensinya      melalui    berbagai                      their competencies through various training programs
program pelatihan yang dirancang selaras dengan peran,                       designed in accordance with their respective roles,
tanggung jawab, serta tantangan strategis perusahaan di                      responsibilities, and the Company’s future strategic
masa mendatang.                                                              challenges.



Data Pelatihan Karyawan                                                      Employee Training Data

Seluruh pegawai diberikan kesempatan yang setara                             All employees are provided with equal opportunities to
untuk mengikuti program pelatihan dan pengembangan.                          participate in training and development programs. A total
Sebanyak 42.158 jam pembelajaran pelatihan dan                               of 42,158 training and educational learning hours were
pendidikan telah diikuti oleh peserta dari berbagai                          undertaken by participants across various organizational
jenjang jabatan, mulai dari manajemen senior hingga                          levels, ranging from senior management to staff level.
tingkat staf.



                               Jumlah Peserta Pelatihan Berdasarkan Jenis Kelamin
                                            Number of Training Participants by Gender


                                               2025                                                        2024

  Laki-laki
                                                                     5.965                                                     3.179
  Male


 Perempuan                                                           1.692                                                      909
 Female

                                          Total: 7.657                                                 Total: 4.088




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                     Jumlah Peserta Pelatihan Berdasarkan Jenis Pelatihan dan Level Jabatan
                               Number of Training Participants by Type of Training and Position Level


       No.                 Jenis Pelatihan                                 Level Jabatan                                 Total Peserta
                           Type of Training                                Position Level                              Total Participants

                                                       BOD 1             BOD 2             BOD 3            BOD 4

         1.   Core Program                               101               388                916            3.090             4.495
              Core Program

         2.   Signature Program                           27                59                 69                  -             155
              Signature Development Program

         3.   Professional Program                          1                4                   5                 -               10
              Professional Program

         4.   Functional Program                         635              1.831            4.090            30.942           37.498
              Functional Program

      Jumlah | Total                                    764              2.282             5.080            34.032            42.158




                          Jumlah Jam Pelatihan Berdasarkan Jenis Pelatihan dan Level Jabatan
                                     Total Training Hours by Type of Training and Position Level


       No.                 Jenis Pelatihan                                 Level Jabatan                                 Total Peserta
                           Type of Training                                Position Level                              Total Participants

                                                       BOD 1             BOD 2             BOD 3            BOD 4

        1.    Core Program                              3.784            14.508             16.973           14.561            49.826
              Core Program

        2.    Signature Program                           848             1.472              2.392                 -             4.712
              Signature Development Program

        3.    Professional Program                          32              152               200                  -              384
              Professional Program

        4.    Functional Program                       3.360,5            9.556            24.042          194.082          231.040,5
              Functional Program

      Jumlah | Total                                  8.024,5            25.688            43.607         208.643          285.962,5




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    Teknologi Informasi
Information Technology

Pada tahun 2025, PT Angkasa Pura Indonesia terus                         In 2025, PT Angkasa Pura Indonesia continued to
memperkuat peran Teknologi Informasi (TI) sebagai                        strengthen the role of Information Technology (IT) as
enabler   utama     dalam     mendukung     operasional                  a key enabler in supporting the Company’s operations
perusahaan     serta    transformasi    bisnis     pasca                 and business transformation following the merger into
penggabungan entitas dalam InJourney Airports.                           InJourney Airports. In line with increasing operational
Seiring dengan meningkatnya kompleksitas operasional                     complexity and the growing need for integrated services,
dan kebutuhan akan layanan yang terintegrasi,                            IT development has been directed to support business
pengembangan TI diarahkan untuk mendukung                                process standardization, improve efficiency, and enhance
standardisasi proses bisnis, peningkatan efisiensi, serta                the overall quality of airport services.
peningkatan kualitas layanan kebandarudaraan secara
menyeluruh.

Sebagai perusahaan yang memiliki aspirasi untuk                          As a company with the aspiration to become a world-
menjadi world-class airport operator, connecting                         class airport operator, connecting global travelers with
global travelers with distinctive Indonesian hospitality,                distinctive Indonesian hospitality, the Company views
Perusahaan memandang teknologi sebagai fondasi                           technology as a fundamental pillar in delivering seamless,
utama dalam menciptakan operasional bandara yang                         secure, and efficient airport operations. In this regard,
seamless, aman, dan efisien. Sejalan dengan hal tersebut,                the Company has established its IT vision: “To empower
Perusahaan menetapkan visi Teknologi Informasi,                          seamless, secure, and efficient airport operations
yaitu “To empower seamless, secure, and efficient                        through world-class, integrated, and resilient IT systems
airport operations through world-class, integrated,                      that enhance passenger experience and operational
and resilient IT systems that enhance passenger                          effectiveness,” which serves as the foundation for
experience and operational effectiveness,” yang                          developing integrated, reliable, and adaptive systems.
menjadi landasan dalam pengembangan sistem yang
terintegrasi, andal, dan adaptif.

Sejalan dengan arah strategis perusahaan, Perusahaan                     In alignment with the Company’s strategic direction, the
menyusun Rencana Strategis Teknologi Informasi (RSTI)                    Company has formulated the Information Technology



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        2025 Highlights     Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      2025–2029 sebagai landasan dalam pengembangan                     Strategic Plan (RSTI) 2025–2029 as a structured and
      teknologi  yang    terstruktur  dan    berkelanjutan.             sustainable framework for technology development.
      Penyusunan RSTI dilakukan melalui pendekatan top-                 The RSTI was developed through a top-down approach,
      down yang mengacu pada Rencana Jangka Panjang                     referring to the Company’s Long-Term Plan (RJPP) and
      Perusahaan (RJPP) serta arahan strategis lainnya, dan             other strategic directives, as well as a bottom-up analysis
      bottom-up analysis berdasarkan kebutuhan serta                    based on operational needs and challenges identified
      tantangan operasional dari masing-masing unit kerja,              across business units, ensuring alignment between
      sehingga memastikan keselarasan antara strategi bisnis            business strategy and technology implementation.
      dan implementasi teknologi.

      RSTI difokuskan pada empat area transformasi utama,               The RSTI focuses on four key transformation areas,
      yaitu Customer, Operation, People, dan Business,                  Customer, Operation, People, and Business, developed
      yang dikembangkan berdasarkan tema transformasi                   based on transformation themes of Premises, Process,
      Premises, Process, dan People, serta diselaraskan                 and People, and aligned with the Company’s strategic
      dengan pilar strategi perusahaan, antara lain World Class         pillars, including World Class Airport Operations & Services,
      Airport Operations & Services, Organization & Talent              Organization & Talent Development, Commercial Based
      Development, Commercial Based on Value Creation,                  on Value Creation, Financial Accounting, ESG, Risk &
      Financial Accounting, ESG, Risk & Compliance, dan                 Compliance, and Technology. Through this approach,
      Technology. Dengan pendekatan tersebut, teknologi tidak           technology serves not only as an operational enabler but
      hanya berfungsi sebagai pendukung operasional, tetapi             also as a key driver in creating sustainable business value.
      juga sebagai penggerak utama dalam menciptakan nilai
      tambah bagi perusahaan.

      Melalui implementasi strategi tersebut, Perusahaan                Through the implementation of this strategy, the
      memastikan bahwa seluruh inisiatif teknologi informasi            Company ensures that all IT initiatives are executed in a
      berjalan secara terarah, terintegrasi, dan selaras dengan         structured, integrated, and aligned manner with business
      kebutuhan bisnis, sehingga mampu mendukung                        needs, thereby supporting the achievement of its vision
      pencapaian visi perusahaan sebagai operator bandara               as a world-class airport operator.
      kelas dunia.



      Inisiatif Teknologi Informasi                                     Information Technology Initiatives

      Sebagai turunan dari RSTI, Perusahaan merumuskan                  As a derivative of the RSTI, the Company has developed
      kerangka IT Strategic House sebagai gambaran kondisi              the IT Strategic House framework as a representation
      ideal pengembangan teknologi informasi di masa depan              of the future state of IT development to support
      dalam mendukung transformasi dan peningkatan                      transformation and enhance business performance. In
      performa bisnis. Dalam implementasinya, strategi                  its implementation, IT strategy is executed through two
      teknologi informasi dijalankan melalui dua bentuk                 main initiative streams: the Digital Transformation Pillar
      inisiatif, yaitu Digital Transformation Pillar dan Enabling       and the Enabling Backbone.
      Backbone.




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Digital Transformation Pillar                                          Digital Transformation Pillar

Inisiatif pada pilar Digital Transformation difokuskan                 Initiatives under the Digital Transformation Pillar are
pada peningkatan kualitas layanan dan optimalisasi                     focused on improving service quality and optimizing
proses bisnis melalui pemanfaatan teknologi digital                    business processes through the comprehensive
secara menyeluruh.                                                     utilization of digital technology.




             Customer Experience
     A       Customer Experience

            Perusahaan mengembangkan berbagai solusi yang mendukung terciptanya pengalaman
            penumpang yang lebih seamless, mulai dari proses kedatangan hingga keberangkatan, melalui
            integrasi sistem layanan penumpang dan pemanfaatan teknologi berbasis digital.
            The Company develops various solutions to deliver a more seamless passenger experience, from
            arrival to departure, through the integration of passenger service systems and the adoption of digital
            technologies.


             Operational Excellence
     B       Operational Excellence
            Perusahaan juga memperkuat sistem operasional bandara yang terintegrasi guna meningkatkan
            efisiensi dan keandalan operasional. Pengembangan ini mencakup pengelolaan operasional berbasis
            data secara real-time, peningkatan koordinasi antar pemangku kepentingan, serta optimalisasi
            pemanfaatan sumber daya bandara secara lebih efektif.
            The Company also strengthens integrated airport operational systems to enhance efficiency and
            reliability. These initiatives include real-time data-driven operations management, improved
            coordination among stakeholders, and optimized utilization of airport resources.



             Talent Empowerment
     C       Talent Empowerment

            Penguatan kapabilitas sumber daya manusia turut menjadi bagian dari transformasi digital melalui
            pengembangan sistem manajemen talenta dan pembelajaran berbasis digital yang terintegrasi,
            guna mendukung organisasi yang adaptif terhadap perubahan dan kebutuhan bisnis yang dinamis.
            Enhancing human capital capabilities is also a key component of digital transformation, through
            the development of integrated digital talent management and learning systems to support a more
            adaptive and agile organization.



             Insight-Driven Business Performance
     D       Insight-Driven Business Performance

            Di sisi bisnis, inisiatif transformasi digital diarahkan untuk mendukung peningkatan pendapatan dan
            optimalisasi aset melalui pengembangan sistem pengelolaan bisnis aeronautika dan nonaeronautika
            yang lebih terintegrasi. Perusahaan juga mendorong pemanfaatan teknologi dalam pengelolaan
            keuangan, tata kelola, serta manajemen risiko untuk meningkatkan transparansi dan akuntabilitas.
            From a business perspective, digital transformation initiatives are directed at enhancing revenue and
            optimizing asset utilization through more integrated aeronautical and non-aeronautical business
            management systems. The Company also promotes the use of technology in financial management,
            governance, and risk management to improve transparency and accountability.




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         Enabling Backbone                                                Enabling Backbone

         Sebagai fondasi dalam mendukung keberhasilan                     As the foundation for successful digital transformation,
         transformasi digital, Perusahaan juga menjalankan                the Company implements various initiatives under
         berbagai inisiatif pada pilar Enabling Backbone yang             the Enabling Backbone, focusing on strengthening
         berfokus pada penguatan kapabilitas teknologi inti,              core IT capabilities, including data, applications,
         meliputi data, aplikasi, infrastruktur, keamanan, serta          infrastructure, security, and IT governance.
         tata kelola TI.



                     Data-Driven Decision Making
             A       Data-Driven Decision Making

                     Pada aspek data, Perusahaan mengembangkan platform Business Intelligence (BI) terintegrasi
                     untuk mendukung pengambilan keputusan berbasis data, termasuk penguatan tata kelola data dan
                     pemanfaatan teknologi analitik lanjutan. Inisiatif ini bertujuan untuk memastikan ketersediaan data
                     yang akurat, konsisten, dan dapat diakses secara optimal oleh seluruh unit kerja.
                     The Company develops integrated Business Intelligence (BI) platforms to support data-driven decision-
                     making, including strengthening data governance and leveraging advanced analytics technologies.
                     These initiatives aim to ensure the availability of accurate, consistent, and accessible data across the
                     organization.


                     Application Modernization and Integration
             B       Application Modernization and Integration

                     Di sisi aplikasi, Perusahaan melakukan penyederhanaan dan konsolidasi sistem untuk meningkatkan
                     efisiensi serta memastikan integrasi yang lebih baik antar aplikasi. Pengembangan ini mencakup
                     modernisasi sistem yang mendukung fungsi bisnis utama, sehingga mampu meningkatkan efektivitas
                     operasional dan kolaborasi lintas unit.
                     On the application side, the Company undertakes system simplification and consolidation to improve
                     efficiency and ensure better integration across applications. This includes the modernization of
                     systems supporting core business functions to enhance operational effectiveness and cross-functional
                     collaboration.

                     High Performance & Scalable Infrastructure
             C       High Performance & Scalable Infrastructure

                     Pada aspek infrastruktur, Perusahaan terus meningkatkan kapasitas dan keandalan layanan melalui
                     pengembangan arsitektur berbasis hybrid cloud, optimalisasi jaringan, serta konsolidasi infrastruktur
                     TI untuk mendukung kebutuhan operasional yang real-time dan scalable.
                     In terms of infrastructure, the Company continues to enhance capacity and reliability through the
                     development of hybrid cloud architecture, network optimization, and IT infrastructure consolidation
                     to support real-time and scalable operational needs.


                     Zero-Trust Cybersecurity and Resilience
             D        Zero-Trust Cybersecurity and Resilience

                     Selain itu, Perusahaan juga memperkuat aspek keamanan siber melalui penerapan standar keamanan
                     berbasis global, peningkatan sistem monitoring, serta pengembangan kapabilitas deteksi dan
                     respons terhadap ancaman keamanan informasi. Penguatan tata kelola TI turut dilakukan melalui
                     penyelarasan kebijakan, standar, dan prosedur guna memastikan pengelolaan teknologi yang efektif,
                     efisien dan sesuai dengan prinsip tata kelola perusahaan yang baik.
                     The Company also strengthens cybersecurity by implementing globally recognized security
                     standards, enhancing monitoring systems, and developing capabilities for detecting and responding
                     to cyber threats. IT governance is further reinforced through the alignment of policies, standards, and
                     procedures to ensure effective, efficient, and compliant IT management.




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      E       IT Organization & Governance Standardization
              IT Organization & Governance Standardization

              Sejalan dengan hal tersebut, Perusahaan turut melakukan penguatan pada aspek organisasi dan tata
              kelola teknologi informasi melalui standardisasi kebijakan, proses, dan prosedur yang berlaku secara
              terintegrasi di seluruh lingkungan Perusahaan. Inisiatif ini mencakup penyelarasan struktur organisasi
              TI, peningkatan kapabilitas sumber daya manusia, serta penerapan kerangka kerja tata kelola TI yang
              mendukung efektivitas pengelolaan layanan teknologi.
              In line with this, the Company strengthens IT organization and governance through the standardization
              of policies, processes, and procedures across the organization. These initiatives include aligning
              IT organizational structures, enhancing workforce capabilities, and implementing governance
              frameworks that support effective IT service management.




Melalui pendekatan tersebut, Perusahaan memastikan                          Through this approach, the Company ensures that
bahwa pengelolaan Teknologi Informasi tidak hanya                           Information Technology is not only technically robust,
andal dari sisi teknis, tetapi juga memiliki tata kelola yang               but also governed through strong, standardized, and
kuat, terstandarisasi, dan selaras dengan kebutuhan                         business-aligned practices in accordance with good
bisnis serta prinsip tata kelola perusahaan yang baik.                      corporate governance principles.



                                Program 2025: Mendorong Keunggulan Operasional
                                     Melalui Standardisasi dan Optimalisasi TI
          2025 Program: Driving Operational Excellence through IT Standardization and Optimization


    Inisiatif Strategis                   Deskripsi                                              Rincian
  Strategic Initiatives                 Description                                               Details

 Customer Experience         Meningkatkan pengalaman              1. Implementasi Biometric Autogate
 Customer Experience         penumpang melalui                       Implementation of Biometric Autogate
                             pemanfaatan teknologi                2. Implementasi Airport Website
                             digital guna memberikan                 Implementation of Airport Website
                             kenyamanan dan kepuasan              1. Implementasi Voice of Customer (Customer
                             yang lebih optimal                      Relationship Management)
                             Enhancing passenger                     Implementation of Voice of Customer
                             experience through the                  (Customer Relationship Management)
                             use of digital technology            2. Pengembangan Mobile App Xperia
                             for greater comfort                     Mobile App Xperia Development
                             and satisfaction

 Operational                 Meningkatkan keandalan               1. Implementasi Sistem Monitoring
 Excellence                  dan standardisasi                       Pekerjaan Investasi Perusahaan
 Operational                 operasional bandara                     Implementation of Investment Work Monitoring System
 Excellence                  melalui integrasi teknologi          2. Implementasi Airport Safety Reporting & Database System
                             Improving airport                       Implementation of Airport Safety
                             operational reliability and             Reporting & Database System
                             standardization through              3. Implementasi E-POSS Data Collection System
                             technology integration                  Implementation of E-POSS Data Collection System
                                                                  4. Implementasi Aplikasi Operational
                                                                     Collaboration Management
                                                                     Implementation of Operational Collaboration
                                                                     Management Application
                                                                  5. Implementasi Sistem Operational Performance
                                                                     Reporting and Notification
                                                                     Implementation of Operational Performance
                                                                     Reporting and Notification System
                                                                  6. Implementasi Automated Passenger Validation In Airport
                                                                     Implementation of Automated
                                                                     Passenger Validation in Airport




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   189
Page 190
        Ikhtisar 2025           Laporan Manajemen         Tentang Perusahaan      Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights         Management Report         About the Company       Management Discussion and Analysis    Corporate Governance




         Inisiatif Strategis                 Deskripsi                                               Rincian
        Strategic Initiatives               Description                                              Details

       Talent                      Mengembangkan                     1. Implementasi Electronic Office Document
       Empowerment                 ekosistem sumber                     Implementation of Electronic Office Document
       Talent                      daya manusia melalui              2. Implementasi Portal Human Capital Tersentral
       Empowerment                 pemanfaatan teknologi                Implementation of Centralized Human Capital Portal
                                   sebagai katalis dalam             3. Implementasi Sistem Informasi Manajemen Audit
                                   pengelolaan dan                      Implementation of Audit Management Information System
                                   pengembangan sumber               4. Implementasi Airport Procurement System
                                   daya manusia                         Implementation of Airport Procurement System
                                   Advancing the human               5. Implementasi Airport Payment System
                                   capital ecosystem through            Implementation of Airport Payment System
                                   technology as a catalyst for      6. Implementasi Virtual Smart Assessment System
                                   managing and developing              Implementation of Virtual Smart Assessment System
                                   human resources

       Insight-driven              Mengoptimalkan                    1. Implementasi Airport Asset Management
       Business                    pengelolaan pendapatan               Implementation of Airport Asset Management
       Performances                bandara serta integrasi           2. Implementasi Tenant Management System
       Insight-driven              keuangan melalui                     Implementation of Tenant Management System
       Business                    pemanfaatan teknologi             3. Implementasi Enterprise Risk Management System
       Performances                digital dan penguatan                Implementation of Enterprise Risk Management System
                                   tata kelola bisnis
                                   Optimizing airport revenue
                                   management, financial
                                   integration through
                                   digital utilization and
                                   business governance

       Data Driven                 Membangun ekosistem               1. Implementasi Operational Management
       Decision Making             data dan kecerdasan                  Dashboard based on Traffic
       Data Driven                 buatan untuk mendukung               Implementation of Traffic-Based Operational
       Decision Making             pengambilan keputusan                Management Dashboard
                                   dan otomatisasi proses            2. Implementasi Security Flow Monitoring System
                                   Building data and AI                 Implementation of Security Flow Monitoring System
                                   ecosystem to support              3. Implementasi Terminal Ambience Monitoring System
                                   decision-making and                  Implementation of Security Flow Monitoring System
                                   process automation                4. Implementasi Dashboard Keuangan & Risiko, Komersial
                                                                        Aeronautika & Nonaeronautika, OTP Baggage
                                                                        Implementation of Financial & Risk Dashboard, Aeronautical
                                                                        & Non-Aeronautical, OPT Baggage Dashboard

       Application                 Memodernisasi                     1. Rasionalisasi, konsolidasi, simplifikasi dan integrasi aplikasi
       Modernization               aplikasi terintegrasi                Application rationalization, consolidation,
       & Integration               untuk meningkatkan                   simplification & integration
       Application                 pengalaman pengguna               2. Penyusunan enterprise application portfolio map
       Modernization               Modernizing integrated               Development of enterprise application portfolio map
       & Integration               applications to                   3. Penyusunan blueprint integrasi ERP
                                   enhance user                         dengan surrounding system
                                   experience                           Development of ERP Integration Blueprint
                                                                        with Surrounding Systems
                                                                     4. Penyusunan roadmap implementasi ERP
                                                                        Development of ERP Implementation Roadmap
                                                                     5. Restrukturisasi standar framework dan
                                                                        metode pengembangan aplikasi
                                                                        Restructuring of application development
                                                                        framework and standards

       High Perfomance             Meningkatkan kinerja dan          1. Migrasi Data Center Pasca Merger
       Infrastructure              skalabilitas infrastruktur           Implementation of Post-Merger Data Center Migration
       High Perfomance             TI guna memastikan                2. Implementasi Renewal Perangkat Infrastruktur
       Infrastructure              ketersediaan layanan                 Implementation of Infrastructure Hardware Renewal
                                   Enhancing the                     3. Re-engineering Infrastruktur Jaringan Data
                                   performance and                      Implementation of Data Network
                                   scalability of IT                    Infrastructure Re-engineering
                                   infrastructure to                 4. Implementasi Software Defined Wide Area Network (SDWAN)
                                   ensure service availability          Implementation of Software Defined
                                                                        Wide Area Network (SDWAN)




190   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 191
 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




  Inisiatif Strategis                    Deskripsi                                              Rincian
 Strategic Initiatives                 Description                                               Details

Zero Trust Cyber            Memperkuat ketahanan                 1. Collaborative Cyber Security Operation Center (24/7)
Security                    keamanan siber melalui                  Collaborative Cyber Security Operation Center (24/7)
Zero Trust Cyber            penerapan kerangka zero-             2. Pembentukan Computer Security Incident Response
Security                    trust untuk melindungi                  Team (CSIRT) tingkat Kantor Regional
                            dari berbagai ancaman                   Establishment of Regional Office Computer
                            Strengthening cybersecurity             Security Incident Response Team (CSIRT)
                            resilience with zero-trust           3. Integrasi Security Orchestration
                            framework to                            Automation and Response (SOAR)
                            protect against                         Integration of Security Orchestration,
                            threats.                                Automation and Response (SOAR)
                                                                 4. Implementasi solusi Enterprise Data Security Platform
                                                                    Implementation of Enterprise Data Security Platform
                                                                 5. Implementasi Renewal Perangkat Security (Firewall)
                                                                    Implementation of Security Hardware Renewal (Firewall)
                                                                 6. Implementasi Data Loss Prevention
                                                                    Implementation of Data Loss Prevention
                                                                 7. Hardening & Vulnerability Patching
                                                                    Hardening & Vulnerability Patching
                                                                 8. Pelaksanaan Table-Top Cyber Exercise
                                                                    Implementation of Table-Top Cyber Exercise
                                                                 9. Penyusunan Enterprise Security Policy Framework
                                                                    Development of Enterprise Security Policy Framework

IT Organization &           Memperkuat tata kelola               1. Penyusunan Rencana Strategis TI
Standarization              TI melalui pembaruan                    Development of IT Master Plan
IT Organization &           standar dan sertifikasi guna         2. Pengelolaan Standar, Kebijakan dan Arsitektur TI
Standarization              meningkatkan kapabilitas                Management of IT Standards, Policies, and Architecture
                            teknologi informasi                  3. Pelaksanaan Penilaian IT Maturity Level
                            Reinforcing IT governance               Implementation of IT Maturity Level Assessment
                            through the update of                4. Asesmen Kepuasan dan Kemudahan Layanan TI Perusahaan
                            standards and certifications            IT Service Satisfaction and Ease-of-Use Assessment
                            to improve IT capabilities




   Pengembangan SDM TI
IT Talent Development


           Inisiatif                               Deskripsi                                           Rincian
          Initiatives                             Description                                          Details

Peningkatan Kapabilitas             Meningkatkan kapabilitas digital            1. Certified Ethical Hacker (CEH)
Digital Personil                    personil melalui pengembangan                  Certified Ethical Hacker (CEH)
Personnel Digital                   kompetensi, pemanfaatan                     2. Certified Incident Handler (ECIH)
Capability Improvement              teknologi, serta penguatan budaya              Certified Incident Handler (ECIH)
                                    kerja digital guna mendukung                3. Computer Hacking Forensic Investigator (CHFI)
                                    transformasi organisasi yang                   Computer Hacking Forensic Investigator (CHFI)
                                    adaptif dan berbasis teknologi              4. CompTIA Project+
                                    Enhancing personnel digital                    CompTIA Project+
                                    capabilities through competency             5. IT Project Manager Certification
                                    development, technology                        IT Project Manager Certification
                                    utilization, and strengthening of a         6. Chief Information Officer (CIO)
                                    digital work culture to support an             Chief Information Officer (CIO)
                                    adaptive and technology-driven              7. Qualified Risk Management
                                    organizational transformation                  Qualified Risk Management




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   191
Page 192
        Ikhtisar 2025         Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights       Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




          Capaian Utama TI
      IT Key Achievement

      Pada tahun 2025, PT Angkasa Pura Indonesia memperoleh              In 2025, PT Angkasa Pura Indonesia received prestigious
      pengakuan atas implementasi transformasi digital                   recognition for its digital transformation efforts at the
      melalui perolehan sejumlah penghargaan pada ajang                  TOP Digital Awards 2025, one of Indonesia’s most
      TOP Digital Awards 2025, yang merupakan salah satu                 prominent accolades in information technology,
      penghargaan bergengsi di bidang teknologi informasi,               telecommunications, and digital innovation.
      telekomunikasi, dan teknologi digital di Indonesia.

      Pencapaian     tersebut      mencerminkan      komitmen            This achievement reflects the Company’s steadfast
      Perusahaan dalam mengembangkan dan menerapkan                      commitment to developing and implementing the ‘Next-
      konsep Next-Generation IT sebagai bagian dari                      Generation IT’ concept as a cornerstone of its airport
      transformasi digital di lingkungan bandara. Implementasi           digital transformation. The technological implementation
      teknologi yang dilakukan tidak hanya berfokus pada                 focuses not only on optimizing operational efficiency but
      peningkatan efisiensi operasional, tetapi juga pada                also on elevating service quality and the overall customer
      peningkatan kualitas layanan dan pengalaman pengguna               experience.
      jasa secara menyeluruh.

      Ke depan, Perusahaan akan terus mendorong inovasi                  Moving forward, the Company will continue to drive
      teknologi secara berkelanjutan guna memperkuat daya                sustainable technological innovation to strengthen its
      saing sebagai salah satu operator bandara terbesar                 competitiveness as one of the world’s largest airport
      di dunia, serta mendukung terciptanya layanan                      operators, while supporting the delivery of modern,
      kebandarudaraan yang modern, terintegrasi dan                      integrated, and world-class aviation services.
      berstandar global.




                      Ajang                                                        Capaian
                      Event                                                     Achievement

       TOP Digital Awards 2025             y Top Digital Implementation 2025 # Level Stars 4
                                           y Top Leader on Digital Implementation 2025: Mohammad
                                             Rizal Pahlevi (Direktur Utama | President Director)
                                           y Top CIO on Digital Implementation 2025: Ferry Kusnowo (Direktur
                                             Strategi dan Pengembangan Teknologi InJourney Airports | (Director
                                             of Strategy and Technology Development InJourney Airports)




192   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




TINJAUAN KEUANGAN
FINANCIAL REVIEW




Analisis dan pembahasan tinjauan keuangan dalam                          The financial analysis and discussion in this Annual
laporan tahunan ini mengacu kepada Laporan Keuangan                      Report refers to the Financial Statements of PT Angkasa
PT Angkasa Pura Indonesia untuk tahun buku 2025 yang                     Pura Indonesia for the fiscal year 2025, audited by the
telah diaudit oleh Kantor Akuntan Publik (KAP) Purwanto                  Public Accountants Office (KAP) of Purwanto Susanti dan
Susanti dan Surja. Laporan keuangan konsolidasi                          Surja. The Company’s consolidated financial statements
Perusahaan disusun dan disajikan sesuai dengan Standar                   are prepared and presented in accordance with the
Akuntansi Keuangan (SAK) di Indonesia, yang mencakup                     Indonesian Financial Accounting Standards (IFAS),
Pernyataan Standar Akuntansi Keuangan (PSAK) dan                         which include the Statements of Financial Accounting
Interpretasi Standar Akuntansi Keuangan (ISAK) yang                      Standards (SFAS) and the Interpretations of Financial
dikeluarkan oleh Dewan Standar Akuntansi Keuangan                        Accounting Standards (IFAS) issued by the Indonesian
Ikatan Akuntan Indonesia (DSAK IAI).                                     Institute of Accountants Financial Accounting Standards
                                                                         Board (DSAK IAI).



    Laporan Posisi Keuangan Konsolidasian
Consolidated Statements of Financial Position

           Uraian (dalam Jutaan Rupiah)                                                                  Pertumbuhan vs 2024
        Description (in Millions of Rupiah)                    2025                     2024                Growth vs 2024

Aset Lancar                                                     9.184.851               11.926.261            (22,99%)
Current Asset

Aset Tidak Lancar                                             81.388.238               74.242.727                9,62%
Non Current Asset

Jumlah Aset                                                  90.573.089                86.168.988                5,11%
Total Asset




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   193
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        Ikhtisar 2025       Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights     Management Report       About the Company        Management Discussion and Analysis        Corporate Governance




                 Uraian (dalam Jutaan Rupiah)                                                               Pertumbuhan vs 2024
              Description (in Millions of Rupiah)               2025                  2024                        Growth vs 2024

       Jumlah Liabilitas Jangka Pendek                         13.719.905           10.887.263                       26,02%
       Total Short Term Liabilities

       Jumlah Liabilitas Jangka Panjang                         39.611.716          45.061.572                      (12,09%)
       Total Long Term Liabilities

       Jumlah Liabilitas                                        53.331.621          55.948.835                       (4,68%)
       Total Liabilities

       Jumlah Ekuitas                                          37.241.468           30.220.153                       23,23%
       Total Equity

       Jumlah Liabilitas dan Ekuitas                          90.573.089           86.168.988                          5,11%
       Total Liabilities and Equity




      Aset Lancar                                                        Current Assets

      Aset lancar pada tahun 2025 tercatat sebesar Rp9,18 triliun,       Current assets in 2025 were recorded at Rp9.18 trillion,
      mengalami penurunan sebesar 22,99% dibandingkan                    representing a decrease of 22.99% compared to Rp11.93
      tahun 2024 yang sebesar Rp11,93 triliun. Penurunan ini             trillion in 2024. This decline was primarily driven by
      terutama dipicu oleh berkurangnya kas dan setara kas               a reduction in cash and cash equivalents due to the
      akibat realisasi berbagai kewajiban strategis Perusahaan,          realization of various strategic obligations of the Company,
      termasuk pembayaran konsesi, sewa BMN, percepatan                  including concession payments, state asset (BMN) lease
      pembayaran deferred interest, serta pemenuhan                      payments, accelerated settlement of deferred interest,
      kewajiban kepada pemasok dan karyawan sesuai                       as well as the fulfillment of obligations to suppliers and
      ketentuan PKB.                                                     employees in accordance with the provisions of the
                                                                         Collective Labor Agreement (PKB).

      Di sisi lain, penurunan aset lancar secara keseluruhan             On the other hand, the overall decline in current assets was
      tertahan oleh adanya kenaikan pada pos Piutang Usaha               partially offset by an increase in Trade Receivables (net)
      (neto) sebesar Rp289 miliar atau meningkat 22%. Kenaikan           amounting to Rp289 billion, or a 22% increase. This rise
      piutang ini terutama berasal dari akumulasi tagihan pada           in receivables mainly stemmed from the accumulation
      beberapa mitra maskapai dan operator transportasi, yaitu           of billings to several airline partners and transportation
      PT Garuda Indonesia (Persero) Tbk, PT Indonesia AirAsia            operators, namely PT Garuda Indonesia (Persero) Tbk, PT
      Tbk, PT Kereta Commuter Indonesia, dan PT Pelita Air               Indonesia AirAsia Tbk, PT Kereta Commuter Indonesia,
      Service dengan total kontribusi sebesar Rp178 miliar.              and PT Pelita Air Service, with a total contribution of
                                                                         Rp178 billion.



      Aset Tidak Lancar                                                  Non-Current Assets

      Aset tidak lancar mengalami pertumbuhan sebesar 9,62%,             Non-current assets grew by 9.62%, increasing from
      meningkat dari Rp74,24 triliun pada tahun 2024 menjadi             Rp74.24 trillion in 2024 to Rp81.39 trillion in 2025. This
      Rp81,39 triliun pada tahun 2025. Peningkatan signifikan            significant increase was driven by several strategic
      ini didorong oleh beberapa faktor strategis, terutama              factors, primarily the rise in Long-Term Investments
      kenaikan Investasi Jangka Panjang sebesar Rp5,9 triliun            amounting to Rp5.9 trillion (up 115%), which stemmed
      (naik 115%) yang bersumber dari transaksi inbreng tanah            from the inbreng transaction of the Company’s land
      Perusahaan ke GMF senilai Rp5,6 triliun. Selain itu,               to GMF AeroAsia valued at Rp5.6 trillion. In addition,
      Properti Investasi melonjak sebesar Rp247 miliar (naik             Investment Properties surged by Rp247 billion (up 166%),
      166%), yang dipicu oleh pencatatan Aset Build-operate-             driven by the recognition of Build-Operate-Transfer (BoT)
      Transfer (BoT) dari Sanggraha dan Purantara dengan                 assets from Sanggraha and Purantara, with a combined
      total nilai gabungan sebesar Rp257,89 miliar.                      total value of Rp257.89 billion.

      Ekspansi infrastruktur juga memberikan kontribusi                  Infrastructure expansion also contributed through an
      melalui kenaikan Aset Tetap sebesar Rp526 miliar, yang             increase in Fixed Assets of Rp526 billion, mainly arising
      utamanya berasal dari pengerjaan proyek strategis di               from the execution of strategic projects in Makassar as
      Makassar serta revitalisasi Terminal 1 dan Terminal 3 di           well as the revitalization of Terminal 1 and Terminal 3 in



194   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Cengkareng. Lebih lanjut, Aset Hak-Guna mencatatkan                      Cengkareng. Furthermore, Right-of-Use Assets recorded
kenaikan sebesar Rp378 miliar (naik 79%) yang disebabkan                 an increase of Rp378 billion (up 79%), driven by the
oleh penambahan 5 Kerja Sama Pemanfaatan (KSP) baru                      addition of 5 new utilization cooperation agreements
di wilayah Surabaya, Makassar, Padang, Pangkal Pinang,                   (KSP) in Surabaya, Makassar, Padang, Pangkal Pinang,
dan Jambi, serta modifikasi KSP di Palangkaraya dan                      and Jambi, as well as modifications to existing KSP
Sentani.                                                                 agreements in Palangkaraya and Sentani.



Total Aset                                                               Total Assets

Total aset Perusahaan pada tahun 2025 mencapai                           Total assets reached Rp90.57 trillion in 2025, increasing
Rp90,57   triliun, meningkat    5,11%   dibandingkan                     by 5.11% compared to Rp86.17 trillion in 2024. This growth
tahun 2024 sebesar Rp86,17 triliun. Pertumbuhan ini                      reflects healthy asset expansion, primarily driven by the
mencerminkan ekspansi aset yang sehat, terutama                          increase in non-current assets, which offset the decline in
didorong oleh peningkatan aset tidak lancar yang                         current assets.
mampu mengimbangi penurunan aset lancar.



Liabilitas Jangka Pendek                                                 Short-Term Liabilities

Liabilitas jangka pendek pada tahun 2025 tercatat                        Current liabilities in 2025 amounted to Rp13.72 trillion,
sebesar Rp13,72 triliun, meningkat 26,02% dibandingkan                   representing an increase of 26.02% compared to Rp10.89
tahun 2024 yang sebesar Rp10,89 triliun. Peningkatan ini                 trillion in 2024. This increase was primarily driven by a
terutama didorong oleh kenaikan beban akrual sebesar                     rise in accrued expenses of Rp742.94 billion, or 24.56%
Rp742,94 miliar atau tumbuh 24,56% secara tahunan,                       year-on-year, as well as an increase in tax payables,
serta peningkatan utang pajak termasuk PPh Final Pasal                   including Final Income Tax Article 4 paragraph (2) related
4 ayat (2) terkait transaksi inbreng lahan ke GMF serta                  to the inbrenc land transaction with GMF and the Build-
transaksi aset Build-Operate-Transfer (BoT) Purantara                    Operate-Transfer (BoT) asset transactions of Purantara
dan Sanggraha.                                                           and Sanggraha.

Selain itu, kenaikan beban akrual juga dipengaruhi oleh                  In addition, the increase in accrued expenses was also
penyisihan PNBP konsesi dan management fee untuk                         influenced by provisions for PNBP concession and
tahun buku 2025, serta akrual Tunjangan Hari Raya (THR)                  management fees for the 2025 financial year, as well as
sebagai bagian dari pemenuhan kewajiban kepada                           the accrual of Holiday Allowance (THR) as part of fulfilling
karyawan. Peningkatan liabilitas jangka pendek juga                      obligations to employees. The increase in current liabilities
mencerminkan adanya reklasifikasi sebagian liabilitas                    also reflected the reclassification of a portion of long-term
jangka panjang ke bagian yang jatuh tempo dalam                          liabilities into the current portion due within one year.
waktu satu tahun.



Liabilitas Jangka Panjang                                                Long-Term Liabilities

Liabilitas jangka panjang menurun menjadi Rp39,61 triliun                Non-current liabilities decreased to Rp39.61 trillion in 2025,
pada tahun 2025, atau turun 12,09% dibandingkan tahun                    or declined by 12.09% compared to Rp45.06 trillion in 2024.
2024 sebesar Rp45,06 triliun. Penurunan ini terutama                     This decrease was primarily due to the reclassification of a
disebabkan oleh reklasifikasi sebagian utang keuangan                    portion of financial liabilities into the current portion due
ke bagian yang jatuh tempo dalam waktu satu tahun,                       within one year, in line with the approaching maturity of
seiring dengan semakin dekatnya jatuh tempo kewajiban                    these obligations.
tersebut.

Penurunan utang bank dan lembaga keuangan lainnya                        The decrease in long-term bank loans and other financial
jangka panjang sebesar Rp3,7 triliun atau sekitar 12%                    institution borrowings of Rp3.7 trillion, or approximately
terutama disebabkan oleh reklasifikasi ke liabilitas                     12%, was mainly attributable to reclassification into
jangka pendek. Selain itu, utang obligasi dan sukuk juga                 current liabilities. In addition, bonds and sukuk payable
mengalami penurunan sebesar Rp2,3 triliun atau sekitar                   also declined by Rp2.3 trillion, or approximately 33%, due
33% akibat reklasifikasi ke bagian yang jatuh tempo dalam                to reclassification into the current portion due within one
waktu satu tahun. Lebih lanjut, liabilitas jangka panjang                year. Furthermore, other non-current liabilities decreased
lainnya menurun sebesar Rp466 miliar atau sekitar 15%,                   by Rp466 billion, or approximately 15%, primarily due to
yang terutama berasal dari pembayaran dipercepat atas                    the accelerated payment of deferred interest amounting
utang bunga ditangguhkan sebesar Rp522 miliar.                           to Rp522 billion.


                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report       195
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        Ikhtisar 2025          Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen           Tata Kelola Perusahaan
        2025 Highlights        Management Report      About the Company        Management Discussion and Analysis       Corporate Governance




      Total Liabilitas                                                     Total Liabilities

      Total liabilitas pada tahun 2025 tercatat sebesar                    Total liabilities in 2025 amounted to Rp53.33 trillion,
      Rp53,33 triliun, mengalami penurunan sebesar 4,68%                   representing a decrease of 4.68% compared to Rp55.95
      dibandingkan tahun 2024 yang sebesar Rp55,95 triliun.                trillion in 2024. This decrease was primarily driven by the
      Penurunan ini terutama disebabkan oleh realisasi                     realization of principal debt repayments during the year,
      pembayaran pokok utang selama tahun berjalan,                        including the repayment of loans and other financial
      termasuk pembayaran pinjaman dan kewajiban                           obligations, as well as the accelerated payment of deferred
      keuangan lainnya, serta pembayaran dipercepat atas                   interest. The reclassification of non-current liabilities into
      bunga ditangguhkan. Reklasifikasi liabilitas jangka                  current liabilities did not affect total liabilities and only
      panjang ke jangka pendek tidak berdampak terhadap                    impacted the maturity profile of obligations; therefore,
      total liabilitas dan hanya mempengaruhi komposisi jatuh              the decrease in total liabilities reflected the Company’s
      tempo kewajiban, sehingga penurunan total liabilitas                 deleveraging efforts through the actual reduction of
      mencerminkan upaya deleveraging Perusahaan melalui                   obligations.
      pengurangan kewajiban secara aktual.



      Ekuitas                                                              Equity

      Total ekuitas meningkat signifikan menjadi Rp37,24 triliun           Total equity increased significantly to Rp37.24 trillion in
      pada tahun 2025, atau tumbuh 23,23% dibandingkan                     2025, growing by 23.23% compared to Rp30.22 trillion
      tahun 2024 sebesar Rp30,22 triliun. Peningkatan ini                  in 2024. This increase was driven by land inbrenc
      didorong oleh transaksi inbreng lahan ke PT GMF                      transactions to PT GMF as well as an increase in net profit
      serta peningkatan laba bersih tahun berjalan, yang                   for the current year, which overall strengthened the
      secara keseluruhan memperkuat struktur permodalan                    Company’s capital structure.
      Perusahaan.



      Total Liabilitas dan Ekuitas                                         Total Liabilities and Equity

      Total liabilitas dan ekuitas pada tahun 2025 mencapai                Total liabilities and equity reached Rp90.57 trillion in 2025,
      Rp90,57 triliun, meningkat 5,11% dibandingkan tahun                  increasing by 5.11% compared to 2024, in line with total
      2024, sejalan dengan pertumbuhan total aset. Hal                     asset growth. This reflects a well-maintained financial
      ini menunjukkan keseimbangan struktur keuangan                       structure to support the Company’s business expansion.
      Perusahaan yang tetap terjaga dalam mendukung
      ekspansi usaha.



                          Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
                            Consolidated Statements of Profit or Loss and Other Comprehensive Income


                          Uraian (dalam Jutaan Rupiah)                         2025                 2024            Pertumbuhan vs 2024
                      Description (in Millions of Rupiah)                                                             Growth vs 2024

       Jumlah Pendapatan Usaha                                                21.213.780          20.491.015                  3,53%
       Total Operating Revenues

       Jumlah Beban Usaha                                                    (9.638.817)        (14.830.469)               (35,01%)
       Total Operating Expenses

       Laba Usaha                                                             11.574.963           5.660.546               104,48%
       Operating Profit

       Laba Bersih                                                            7.862.220              796.796              886,73%
       Net Profit

       Penghasilan/(Kerugian) Komprehensif Lain                                   14.992             (58.219)              125,75%
       Other Comprehensive Income/(Loss)


       Total Laba Komprehensif                                                7.877.212              738.577              966,54%
       Total Comprehensive Profit




196   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                  Uraian (dalam Jutaan Rupiah)                                2025              2024         Pertumbuhan vs 2024
                Description (in Millions of Rupiah)                                                             Growth vs 2024


 Laba/(Rugi) Tahun Berjalan yang
 Diatribusikan Kepada:
 Profit/(Loss) for the Year Attributable to:

 • Pemilik Entitas Induk                                                     7.860.286           855.896            818,37%
 • Owners of the Parent Entity

 • Kepentingan Nonpengendali                                                       1.934         (59.100)           103,27%
 • Non-Controlling Interests

 Total                                                                       7.862.220           796.796           886,73%


 Jumlah Laba/(Rugi) Komprehensif yang Diatribusikan Kepada:
 TotalTotal Comprehensive Profit/(Loss) Attributable to:

 • Pemilik Entitas Induk                                                      7.875.291          797.818            887,10%
 • Owners of the Parent Entity

 • Kepentingan Nonpengendali                                                       1.921         (59.241)           103,24%
 • Non-Controlling Interests

 Total                                                                       7.877.212           738.577           966,54%



Pendapatan Usaha                                                        Operating Revenues

Jumlah pendapatan usaha pada tahun 2025 tercatat                        Total Operating Revenues in 2025 was recorded at Rp21.21
sebesar Rp21,21 triliun, meningkat 3,53% dibandingkan                   trillion, representing an increase of 3.53% compared to
tahun 2024 yang sebesar Rp20,49 triliun. Kenaikan                       Rp20.49 trillion in 2024. This Rp723 billion increase was
pendapatan usaha sebesar Rp723 miliar ini terutama                      primarily driven by growth in Passenger Service Charges
didorong oleh pertumbuhan pada pos Pelayanan Jasa                       (PJP4U), in line with the recovery in passenger traffic
Penumpang Pesawat Udara (PJP4U), seiring dengan                         intensity and the global aviation industry.
pemulihan intensitas pergerakan penumpang dan
industri penerbangan global.

Selain kontribusi dari segmen aeronautika, peningkatan                  In addition to contributions from the aeronautical
ini juga ditopang oleh kinerja positif pada segmen                      segment, this increase was also supported by positive
nonaeronautika,     khususnya    melalui     optimalisasi               performance      in   the    non-aeronautical     segment,
pendapatan Sewa dan skema Bagi Hasil (Revenue                           particularly through the optimization of rental income
Sharing). Pertumbuhan ini mencerminkan keberhasilan                     and revenue-sharing schemes. This growth reflected
strategi Perusahaan dalam memaksimalkan potensi                         the Company’s success in maximizing commercial
komersial di bandara serta efektivitas penagihan                        potential across its airports, as well as the effectiveness
piutang jasa kepada mitra strategis dari periode-periode                of receivables collection from strategic partners from
sebelumnya.                                                             previous periods.



Beban Usaha                                                             Operating Expenses

Jumlah beban usaha pada tahun 2025 tercatat sebesar                     Total operating expenses in 2025 were recorded at Rp9.64
Rp9,64    triliun, menunjukkan     efisiensi  struktural                trillion, reflecting structural efficiency compared to the
dibandingkan tahun sebelumnya. Namun, Beban                             previous year. However, Employee Expenses rose by Rp385
Pegawai meningkat sebesar Rp385 miliar atau 9,50%,                      billion or 9.50%, primarily due to the standardization of
yang terutama disebabkan oleh standarisasi tingkat                      employee compensation levels in accordance with the
kompensasi karyawan sesuai dengan Perjanjian Kerja                      new Collective Labor Agreement (PKB), as well as the
Bersama (PKB) baru serta alokasi beban bonus. Selain                    allocation of bonus expenses. In addition, General and
itu, Beban Umum dan Administrasi melonjak signifikan                    Administrative Expenses increased significantly by Rp756
sebesar Rp756 miliar atau 42,17%, yang dipicu oleh                      billion or 42.17%, driven by impairment of fixed assets and
pencatatan penurunan nilai aset tetap serta impairment                  impairment related to BIJB.
pada BIJB.



                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   197
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        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      Di sisi lain, Beban Operasional Bandara berhasil ditekan         On the other hand, Airport Operational Expenses were
      sebesar Rp270 miliar atau menurun 3%. Penurunan                  successfully reduced by Rp270 billion, or decreased by 3%.
      ini   merupakan      dampak     dari penandatanganan             This decline resulted from the signing of a Non-Tax State
      perjanjian PNBP dengan DJPU pada tahun 2024, yang                Revenue (PNBP) agreement with the Directorate General
      memungkinkan Perusahaan melakukan penyesuaian                    of Civil Aviation (DJPU) in 2024, enabling the Company to
      terhadap nilai pencadangan yang telah dibentuk                   adjust previously established provisions.
      sebelumnya.



      Laba Usaha                                                       Operating Profit

      Laba usaha pada tahun 2025 mencatatkan pertumbuhan               Operating profit in 2025 recorded significant growth to
      signifikan menjadi Rp11,57 triliun, meningkat 104,48%            Rp11.57 trillion, increasing by 104.48% compared to Rp5.66
      dibandingkan tahun 2024 yang sebesar Rp5,66 triliun.             trillion in 2024. This strong performance was driven by
      Performa impresif ini didorong oleh penguatan                    a substantial increase in Other Income, which surged
      Pendapatan Lain-lain yang melonjak tajam sebesar                 by Rp6 trillion, primarily stemming from the inbreng
      Rp6 triliun, terutama bersumber dari transaksi inbreng           transaction of the Company’s land to GMF AeroAsia
      tanah Perusahaan ke GMF senilai Rp5,6 triliun. Selain            valued at Rp5.6 trillion. In addition, contributions were
      itu, kontribusi berasal dari pengakuan pendapatan                derived from the recognition of income from the transfer
      atas penyerahan aset Build-operate-Transfer (BoT) dari           of Build-Operate-Transfer (BoT) assets from Sanggraha
      Sanggraha sebesar Rp235 miliar dan Purantara sebesar             amounting to Rp235 billion and Purantara amounting to
      Rp22,6 miliar.                                                   Rp22.6 billion.

      Dari sisi pengeluaran non-operasional, Beban Lain-lain           From a non-operational expense perspective, Other
      berhasil ditekan sebesar Rp236 miliar atau menurun 63%           Expenses were successfully reduced by Rp236 billion, or
      dibandingkan tahun sebelumnya. Penurunan beban ini               decreased by 63% compared to the previous year. This
      terutama dipicu oleh selesainya perhitungan kembali              reduction was mainly driven by the completion of the
      Pajak Masukan serta penyelesaian klaim kontraktor yang           recalculation of Input VAT as well as the settlement of
      telah dibukukan pada tahun 2024.                                 contractor claims that had been recognized in 2024.



      Laba Bersih                                                      Net Profit

      Laba bersih pada tahun 2025 tercatat sebesar Rp7,86              Net profit in 2025 recorded a significant surge to Rp7.86
      triliun, meningkat 886,73% dibandingkan tahun 2024               trillion, increasing by 886.73% compared to Rp0.80 trillion
      yang sebesar Rp0,80 triliun. Selain didorong oleh                in 2024. In addition to being driven by operating profit
      pertumbuhan laba usaha dan transaksi strategis aset,             growth and strategic asset transactions, this performance
      performa ini juga ditopang oleh kenaikan Laba Entitas            was also supported by an increase in profit from
      Asosiasi dan Ventura Bersama. Kenaikan tersebut                  Associates and Joint Ventures. This increase primarily
      terutama bersumber dari performa positif laba IAS                stemmed from the positive earnings performance of IAS
      (setelah penyesuaian periode pelaporan IASP, APH, dan            (following adjustments to the reporting periods of IASP,
      IASH dibandingkan tahun sebelumnya) serta penurunan              APH, and IASH compared to the previous year), as well as
      rugi pada BIJB. Perbaikan pada BIJB dipicu oleh                  a reduction in losses at BIJB. The improvement in BIJB
      pemulihan operasional setelah pada tahun sebelumnya              was driven by operational recovery after the recognition
      dilakukan pengakuan impairment sebesar Rp70 miliar.              of an impairment of Rp70 billion in the prior year.



      Penghasilan Komprehensif Lain                                    Other Comprehensive Income

      Penghasilan komprehensif lain pada tahun 2025 tercatat           Other comprehensive income in 2025 amounted to
      sebesar Rp0,01 triliun, berbalik dari posisi negatif pada        Rp0.01 trillion, reversing from a negative position in 2024.
      tahun 2024. Hal ini menunjukkan adanya perbaikan pada            This indicates an improvement in other comprehensive
      komponen penghasilan komprehensif lainnya yang turut             income components, contributing positively to the
      mendukung total kinerja komprehensif Perusahaan.                 Company’s overall comprehensive performance.




198   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




Total Laba Komprehensif                                                      Total Comprehensive Profit

Total laba komprehensif pada tahun 2025 tercatat sebesar                     Total comprehensive profit in 2025 reached Rp7.88
Rp7,88 triliun, meningkat signifikan sebesar 966,54%                         trillion, increasing significantly by 966.54% compared to
dibandingkan tahun 2024. Peningkatan ini sejalan                             2024. This growth aligns with the increase in net profit
dengan pertumbuhan laba bersih serta perbaikan pada                          and improvements in other comprehensive income
komponen penghasilan komprehensif lain.                                      components.



Laba Tahun Berjalan yang                                                     Profit for the Year Attributable
Diatribusikan
Laba tahun berjalan yang diatribusikan kepada pemilik                        Profit for the year attributable to owners of the parent
entitas induk mencapai Rp7,86 triliun, meningkat 818,37%                     entity reached Rp7.86 trillion, increasing by 818.37%
dibandingkan tahun sebelumnya, menunjukkan bahwa                             compared to the previous year, indicating that the
mayoritas peningkatan kinerja Perusahaan memberikan                          majority of the Company’s performance improvement
nilai tambah langsung kepada pemegang saham.                                 directly created value for shareholders.




                                                   Laporan Arus Kas Konsolidasian
                                               Consolidated Statements of Cash Flows


                Uraian (dalam Jutaan Rupiah)                                   2025                    2024         Pertumbuhan vs 2024
              Description (in Millions of Rupiah)                                                                      Growth vs 2024

 Kas Neto dari Aktivitas Operasi                                              5.857.892              4.697.032             24,71%
 Net Cash from Operating Activities

 Kas Neto dari Aktivitas Investasi                                           (3.417.175)             (1.478.671)           131,10%
 Net Cash from Investing Activities

 Kas Neto dari Aktivitas Pendanaan                                          (5.295.575)              (1.756.478)          201,49%
 Net Cash Used in Financing Activities

 Kenaikan/(Penurunan) Neto Kas dan Setara Kas                               (2.854.858)               1.461.883         (295,29%)
 Net Increase/(Decrease) in Cash and Cash Equivalents

 Efek Perubahan Nilai Kurs pada Kas dan Setara Kas                               23.755                 (7.908)         (400,39%)
 Effect of Exchange Rate Changes on Cash and
 Cash Equivalents

 Kas dan Setara Kas dari Entitas Anak yang                                                 -          (1.141.035)                -
 Didekonsolidasikan
 Cash and Cash Equivalents of Deconsolidated Subsidiaries

 Kas dan Setara Kas Awal Tahun                                               9.602.734               9.289.794              3,37%
 Cash and Cash Equivalents at Beginning of Year

 Kas dan Setara Kas Akhir Tahun                                                6.771.631             9.602.734           (29,48%)
 Cash and Cash Equivalents at End of Year




                                                                                               PT Angkasa Pura Indonesia 2025 Annual Report   199
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        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan        Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company         Management Discussion and Analysis    Corporate Governance




      Arus Kas dari Aktivitas Operasi                                  Cash Flows from Operating Activities

      Kas neto dari aktivitas operasi pada tahun 2025 tercatat         Net cash from operating activities in 2025 amounted
      sebesar Rp5,86 triliun, meningkat 24,71% dibandingkan            to Rp5.86 trillion, representing an increase of 24.71%
      tahun 2024 sebesar Rp4,70 triliun. Peningkatan ini               compared to Rp4.70 trillion in 2024. This increase was
      terutama didorong oleh penerimaan restitusi pajak                primarily driven by the receipt of tax restitution for 2024,
      2024, serta penurunan pembayaran kepada pemasok,                 as well as lower payments to suppliers, other third parties,
      pihak ketiga lainnya, dan karyawan pada 2025. Selain             and employees in 2025. In addition, PNBP payments in
      itu, pembayaran PNBP pada 2025 juga lebih rendah                 2025 were lower than in 2024, as payments in 2024 had
      dibandingkan 2024, seiring dengan pembayaran pada                covered obligations for multiple periods.
      2024 yang mencakup kewajiban untuk beberapa periode.



      Arus Kas dari Aktivitas Investasi                                Cash Flows from Investing Activities

      Kas neto dari aktivitas investasi meningkat menjadi              Net cash from investing activities increased to Rp3.42
      Rp3,42 triliun pada tahun 2025, atau sebesar 131,10%             trillion in 2025, representing a 131.10% rise compared
      dibandingkan tahun 2024 sebesar Rp1,48 triliun.                  to Rp1.48 trillion in 2024. This was primarily driven
      Peningkatan ini terutama didorong oleh intensifikasi             by intensified capital expenditures, particularly for
      belanja modal, khususnya untuk perolehan aset tetap              fixed assets and investment properties, as part of the
      dan properti investasi, sebagai bagian dari strategi             Company’s strategy to strengthen operational capacity
      penguatan kapasitas operasional dan pengembangan                 and support long-term development.
      jangka panjang Perusahaan.



      Arus Kas dari Aktivitas Pendanaan                                Cash Flows from Financing Activities

      Kas neto dari aktivitas pendanaan meningkat menjadi              Net cash from financing activities rose to Rp5.30 trillion
      Rp5,30 triliun pada tahun 2025, atau sebesar 201,49%             in 2025, reflecting a 201.49% increase compared to Rp1.76
      dibandingkan tahun 2024 sebesar Rp1,76 triliun.                  trillion in 2024. This was mainly driven by loan repayments
      Kenaikan ini terutama dipengaruhi oleh pembayaran                and dividend distributions for the 2024 financial year,
      angsuran pinjaman serta distribusi dividen tahun buku            demonstrating the Company’s commitment to fulfilling
      2024, yang mencerminkan komitmen Perusahaan                      its financial obligations and maintaining shareholder
      dalam memenuhi kewajiban finansial serta menjaga                 confidence.
      kepercayaan pemegang saham.



      Penurunan Neto Kas dan Setara Kas                                Net Decrease in Cash and Cash
                                                                       Equivalents
      Pergerakan kas dan setara kas pada tahun 2025                    The movement in cash and cash equivalents in 2025
      dipengaruhi oleh tingginya aktivitas investasi dan               was influenced by significant investing and financing
      pendanaan, sejalan dengan fase ekspansi dan penguatan            activities, in line with the Company’s expansion phase and
      struktur keuangan Perusahaan.                                    financial structure strengthening.



      Posisi Kas dan Setara Kas                                        Cash and Cash Equivalents Position

      Saldo kas dan setara kas awal tahun meningkat 3,37%              Cash and cash equivalents at the beginning of the year
      menjadi Rp9,60 triliun dibandingkan Rp9,29 triliun pada          increased by 3.37% to Rp9.60 trillion, compared to Rp9.29
      tahun 2024, mencerminkan posisi likuiditas awal yang             trillion in 2024, reflecting a solid initial liquidity position.
      solid. Posisi kas akhir tahun tercatat sebesar Rp6,77            The ending cash balance stood at Rp6.77 trillion, indicating
      triliun, yang tetap menunjukkan kapasitas likuiditas yang        sufficient liquidity capacity to support operational needs
      memadai untuk mendukung kebutuhan operasional dan                and the Company’s expansion strategy.
      strategi ekspansi Perusahaan.




200   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                   Rasio-Rasio Keuangan
                                                          Financial Ratios


                                    Uraian                                             2025            2024              2023
                                 Description


 Rasio Keuangan Glossary Kementerian BUMN
 Financial Ratio Glossary of the Ministry of SOEs

 Rasio Laba (Rugi) terhadap Total Aset (ROA) (x)                                       0,09             0,01              0,03
 Return on Asset (ROA) (x)

 Rasio Laba (Rugi) terhadap Total Ekuitas (ROE) (x)                                     0,21            0,03              0,07
 Return on Equity (ROE) (x)

 Imbal Hasil Atas Modal yang Diinvestasikan (ROIC) (x)                                 14,18            5,42               7,21
 Return on Invested Capital (ROIC) (x)

 Biaya Modal Rata-Rata Tertimbang (WACC) (x)                                            6,61            6,32               5,63
 Weighted Average Cost of Capital (WACC) (x)

 Rasio Lancar (x)                                                                      0,67              1,10              1,41
 Current Ratio (x)

 Rasio Kas (x)                                                                         0,50             0,89               1,06
 Cash Ratio (x)

 Rasio Cepat (x)                                                                       0,69              1,10              1,39
 Quick Ratio (x)

 Rasio Utang Terhadap Aset (DAR) (x)                                                   0,59             0,65              0,66
 Debt-to-Asset Ratio (DAR) (x)

 Rasio Utang Terhadap Ekuitas (DER) (x)                                                 1,43             1,85              1,95
 Debt-to-Equity Ratio (DER) (x)

 Rasio Cakupan Layanan Utang Berbasis                                                   1,77             1,37              1,67
 EBITDA (DSCR – EBITDA) (x)
 EBITDA-Based Debt Service Coverage Ratio (DSCR – EBITDA) (x)

 Rasio Cakupan Bunga Berbasis EBITDA (ICR – EBITDA) (x)                                4,84             2,83               2,99
 EBITDA-Based Interest Coverage Ratio (ICR – EBITDA) (x)



Kinerja keuangan Perusahaan pada tahun 2025                              The Company’s financial performance in 2025
menunjukkan perbaikan yang signifikan dari sisi                          demonstrated significant improvement in profitability
profitabilitas dan struktur permodalan, tercermin dari                   and capital structure, as reflected in the increase of return
peningkatan rasio imbal hasil seperti ROA menjadi 0,09,                  ratios, with ROA rising to 0.09, ROE to 0.21, and ROIC
ROE menjadi 0,21, serta ROIC yang meningkat tajam                        significantly improving to 14.18, exceeding the WACC of
menjadi 14,18, yang berada di atas WACC sebesar 6,61,                    6.61, indicating value creation for shareholders.
menandakan terciptanya nilai tambah bagi pemegang
saham.

Di sisi solvabilitas, rasio leverage menunjukkan tren yang               From a solvency perspective, leverage ratios showed
semakin sehat dengan penurunan DAR menjadi 0,59 dan                      a healthier trend, with DAR decreasing to 0.59 and
DER menjadi 1,43, yang mengindikasikan pengelolaan                       DER to 1.43, reflecting more optimal debt structure
struktur utang yang lebih optimal. Selain itu, kemampuan                 management. In addition, the Company’s ability to meet
Perusahaan dalam memenuhi kewajiban keuangan juga                        its financial obligations strengthened, as indicated by the
menguat, tercermin dari peningkatan DSCR berbasis                        improvement in EBITDA-based DSCR to 1.77 and ICR to
EBITDA menjadi 1,77 serta ICR menjadi 4,84.                              4.84.




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report     201
Page 202
        Ikhtisar 2025      Laporan Manajemen    Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report    About the Company        Management Discussion and Analysis   Corporate Governance




          Kemampuan Membayar Utang
      Debt Servicing Capacity

      Kemampuan Perusahaan dalam memenuhi seluruh                    The Company’s ability to meet all long-term and short-
      kewajiban jangka panjang dan pendek tercermin                  term obligations is reflected in the calculation of the
      melalui perhitungan rasio Solvabilitas dan Likuiditas.         Solvency and Liquidity ratios. In 2025, the Company’s
      Pada tahun 2025, Rasio Lancar Perusahaan tercatat              Current Ratio was recorded at 0.67, and the Debt to Asset
      sebesar 0,67, dan Rasio Utang terhadap Aset (DER)              Ratio (DER) was 1.43, consistent with the ratio achieved in
      sebesar 1,43, konsisten dengan rasio yang dicapai pada         the previous year. This indicates that the Company has a
      tahun sebelumnya. Hal ini mengindikasikan bahwa                good ability to meet its financial obligations.
      Perusahaan memiliki kemampuan yang baik dalam
      memenuhi kewajiban keuangannya.

      Perusahaan juga telah mematuhi peraturan perpajakan            The Company has also complied with applicable tax
      yang berlaku, sebagaimana diatur dalam Peraturan               regulations stipulated by the Ministry of Finance
      Menteri   Keuangan     No. 169/PMK.010/2015    yang            Regulation No. 169/PMK.010/2015, which sets a maximum
      menetapkan batas maksimal DER sebesar 4,0x untuk               allowable DER of 4.0x for taxable income calculation
      keperluan penghitungan penghasilan kena pajak. Per             requirements. As of December 31, 2025, the Company’s
      31 Desember 2025, DER Perusahaan menunjukkan                   DER demonstrated its adherence to the prescribed
      kepatuhan Perusahaan terhadap peraturan tersebut.              regulations.




          Kolektibilitas Piutang
      Collectability of Receivables

      Sampai dengan akhir tahun 2025, Perusahaan berhasil            Until the end of 2025, the Company has successfully
      menjaga likuiditas piutang usaha kepada pihak ketiga,          maintained the liquidity of third-party business
      sebagian besar piutang usaha merupakan kolektibilitas          receivables, with the majority of the business receivables
      lancar.                                                        being in the current collectability level.




                                    Uraian
                                                                                 2025                 2024             2023
                                  Description

       Rasio Perputaran Piutang (x)                                              5,85                  5,05            4,61
       Accounts Receivable Turnover Ratio (x)

       Rata-Rata Periode Penagihan (hari)                                          34                    30              34
       Average Collection Period (days)




202   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




TINJAUAN PERMODALAN
CAPITAL REVIEW




Pengelolaan modal dan cadangan merupakan aspek                           Managing capital and reserves is a crucial aspect of
penting     dalam   memastikan     keberlanjutan   dan                   ensuring a company’s financial sustainability and stability.
stabilitas keuangan suatu perusahaan. Sebagai bagian                     As part of its commitment to complying with applicable
dari komitmen terhadap peraturan yang berlaku,                           regulations, the Company has implemented various
Perusahaan telah menjalankan berbagai kebijakan                          strategic policies, including allocating reserve funds,
strategis, termasuk alokasi dana cadangan, pengelolaan                   managing adaptive capital structure, and fulfilling capital
struktur permodalan yang adaptif, hingga implementasi                    requirements.
persyaratan permodalan.




    Kebijakan Manajemen Atas Modal dan Cadangan
Management Policy for Capital and Reserves

Pengelolaan Modal                                                        Capital Management

Perusahaan secara aktif mengelola struktur permodalan                    The Company actively manages its capital structure and
serta melakukan penyesuaian yang diperlukan seiring                      makes necessary adjustments in response to changes in
dengan perubahan kondisi ekonomi guna menjaga                            economic conditions to maintain financial stability and
keberlanjutan dan stabilitas keuangan.                                   sustainability.

Selain itu, berdasarkan ketentuan Undang-Undang                          Furthermore, pursuant to Indonesian Company Law No. 1
Perseroan Terbatas Republik Indonesia No. 1 Tahun 1995                   of 1995 issued in March 1995, as amended by Indonesian
yang diterbitkan pada Maret 1995 dan telah diubah melalui                Company Law No. 40 of 2007 issued in August 2007, the
Undang-Undang Perseroan Terbatas Republik Indonesia                      Company is required to establish a general reserve from



                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report     203
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        Ikhtisar 2025      Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      No. 40 Tahun 2007 yang diterbitkan pada Agustus 2007,           net income amounting to at least 20% of the issued and
      Perusahaan diwajibkan untuk membentuk cadangan                  paid-up capital. There is no specified time limit for the
      umum yang bersumber dari laba bersih dengan jumlah              establishment of such reserves.
      sekurang-kurangnya 20% dari modal ditempatkan dan
      disetor. Pembentukan cadangan umum tersebut tidak
      dibatasi oleh jangka waktu tertentu.



      Pengelolaan Struktur Modal                                      Capital Structure Management

      Kebijakan struktur modal PT Angkasa Pura Indonesia              The capital structure policy of PT Angkasa Pura
      diarahkan untuk menjaga keseimbangan yang optimal               Indonesia is directed toward maintaining an optimal
      antara pemanfaatan utang sebagai sumber pendanaan               balance between the use of debt as a source of growth
      pertumbuhan dan penguatan ekuitas guna menjaga                  financing and the strengthening of equity to preserve
      fleksibilitas keuangan Perusahaan. Pendekatan ini tidak         the Company’s financial flexibility. This approach focuses
      hanya berfokus pada pencapaian rasio keuangan yang              not only on achieving sound financial ratios, but also on
      sehat, namun juga pada keberlanjutan kinerja operasional        sustaining operational performance and the Company’s
      dan kemampuan Perusahaan dalam mengelola risiko                 ability to manage financial risks in a prudent manner.
      keuangan secara prudent.

      Mengacu pada Surat Dinas Direktur Keuangan dan                  Referring to the Official Memorandum of the Director of
      Manajemen Risiko terkait Pengendalian Rencana Kerja             Finance and Risk Management regarding the control of
      dan Anggaran Perusahaan (RKAP) Eksploitasi Tahun                the 2025 Corporate Work Plan and Budget (RKAP) for
      2025 melalui mekanisme cost leadership, Perusahaan              operations through a cost leadership mechanism, the
      menitikberatkan pada optimalisasi struktur biaya                Company emphasizes cost structure optimization as an
      sebagai bagian integral dari pengelolaan struktur               integral part of its capital structure management. This
      modal. Kebijakan tersebut diwujudkan melalui prioritas          policy is implemented by prioritizing routine expenditures
      pelaksanaan pekerjaan pada klasifikasi beban rutin              directly related to airport operations, as well as exercising
      yang berkaitan langsung dengan kegiatan operasional             strict control over activities that may increase the
      kebandarudaraan, serta pengendalian yang ketat                  Company’s cost burden. Through this approach, the
      terhadap aktivitas yang berpotensi meningkatkan                 Company is able to maintain a balance between funding
      beban biaya. Dengan demikian, Perusahaan mampu                  requirements to support business growth and efforts to
      menjaga keseimbangan antara kebutuhan pendanaan                 preserve efficiency and long-term financial resilience.
      untuk mendukung pertumbuhan usaha dan upaya
      mempertahankan efisiensi serta ketahanan finansial
      dalam jangka panjang.




          Struktur Modal
      Capital Structure

      Peningkatan Modal Dasar dan Modal                               Increase in Authorized and Paid-Up
      Disetor                                                         Capital

      Berdasarkan Peraturan Pemerintah Republik Indonesia             Based on Government Regulation of the Republic of
      No. 57 Tahun 2023 tanggal 27 Desember 2023 tentang              Indonesia No. 57 of 2023 dated December 27, 2023
      Penambahan Penyertaan Modal Negara Republik                     concerning the Addition of State Equity Participation
      Indonesia ke Dalam Modal Saham Perusahaan Perseroan             of the Republic of Indonesia into the Share Capital of
      (Persero) PT Aviasi Pariwisata Indonesia (Injourney),           the Company (Persero) PT Aviasi Pariwisata Indonesia
      yang untuk selanjutnya seluruhnya diteruskan menjadi            (“Injourney”), which is subsequently forwarded in its
      penambahan penyertaan modal Injourney ke dalam                  entirety as additional equity participation of Injourney
      modal saham Perusahaan, Presiden Republik Indonesia             into the Company’s share capital, the President of the
      menetapkan penambahan penyertaan modal Negara                   Republic of Indonesia stipulated an additional state equity
      Republik Indonesia ke Injourney sebesar Rp798.818 juta.         participation into Injourney amounting to Rp798,818
                                                                      million.




204   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 205
  Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




Penambahan penyertaan modal tersebut berasal dari                              Such additional equity participation was derived from
pengalihan Barang Milik Negara pada Kementerian                                the transfer of State Property under the Ministry of
Perhubungan Republik Indonesia yang berlokasi di                               Transportation of the Republic of Indonesia located at
Bandar Udara Internasional Kertajati, Jawa Barat, serta                        Kertajati International Airport, West Java, and sourced
bersumber dari Anggaran Pendapatan dan Belanja                                 from the State Budget (APBN) for Fiscal Years 2014, 2015,
Negara Tahun Anggaran 2014, 2015, dan 2017.                                    and 2017.

Pada tanggal 29 Desember 2023, telah dilaksanakan serah                        On December 29, 2023, the aforementioned assets were
terima aset dimaksud dari Injourney kepada Perusahaan                          officially handed over from Injourney to the Company
sebagaimana dituangkan dalam Berita Acara Serah Terima                         as documented in the Minutes of Asset Handover No.
Aset No. BA.1899 Tahun 2023, BAC.INJ.06.05/23/12/2023/A.0581,                  BA.1899 Year 2023, BAC.INJ.06.05/23/12/2023/A.0581, and
dan BAC.INJ.06.02.02/00/12/2023/7443.                                          BAC.INJ.06.02.02/00/12/2023/7443.

Berdasarkan Akta Notaris Nanda Fauz Iwan, S.H., M.Kn.,                         Based on the Notarial Deed of Nanda Fauz Iwan, S.H.,
No. 07 tanggal 12 Desember 2024, PT Taman Wisata                               M.Kn., No. 07 dated December 12, 2024, PT Taman Wisata
Borobudur (TWB) telah mengalihkan seluruh saham Seri B                         Borobudur (TWB) has transferred all of its Series B shares
Perseroan kepada Injourney. Pengalihan saham tersebut                          in the Company to Injourney. The share transfer has been
telah memperoleh persetujuan dari Kementerian Hukum                            approved by the Ministry of Law and Human Rights of the
dan Hak Asasi Manusia Republik Indonesia melalui Surat                         Republic of Indonesia through Decision Letters No. AHU-
Keputusan No. AHU-AH.01.03-0221033 dan No. AHU-                                AH.01.03-0221033 and No. AHU-AH.01.09-0287543 dated
AH.01.09-0287543 tanggal 12 Desember 2024.                                     December 12, 2024.

Sehubungan dengan hal tersebut, Anggaran Dasar                                 As a result, the Company’s Articles of Association have
Perseroan mengalami perubahan sebagai berikut:                                 been amended as follows:
1. Kepemilikan Negara Republik Indonesia menjadi 2 (dua)                       1. The ownership of the Republic of Indonesia consists of 2
   lembar saham Seri A dengan nilai nominal Rp1 juta per                          (two) Series A shares with a nominal value of Rp1 million
   saham atau seluruhnya dengan nilai nominal Rp2 juta.                           per share, or a total nominal value of Rp2 million.
2. Kepemilikan Injourney menjadi 25.251.251 (dua puluh                         2. The ownership of Injourney consists of 25,251,251
   lima juta dua ratus lima puluh satu ribu dua ratus lima                        (twenty-five million two hundred fifty-one thousand
   puluh satu) lembar saham Seri B dengan nilai nominal                           two hundred fifty-one) Series B shares with a nominal
   Rp1 juta per saham atau seluruhnya dengan nilai                                value of Rp1 million per share, or a total nominal value
   nominal Rp25.251.251 juta.                                                     of Rp25,251,251 million.



Struktur Modal 2025                                                            2025 Capital Structure

Dalam menetapkan struktur modal yang optimal,                                  In determining the optimal capital structure, the
Perusahaan selalu memperhatikan keseimbangan antara                            Company consistently maintains a balance between risk
tingkat risiko dan potensi pengembalian yang diharapkan.                       levels and potential expected returns. Equity attributable
Ekuitas yang dapat diatribusikan kepada pemilik entitas                        to the owners of the parent entity represents the capital
induk merupakan modal yang dikelola oleh Perusahaan.                           managed by the Company. The primary objective of
Tujuan utama pengelolaan modal Perusahaan adalah                               the Company’s capital management is to ensure the
untuk memastikan terpeliharanya rasio permodalan                               maintenance of healthy capital ratios in order to support
yang sehat guna mendukung keberlangsungan usaha                                business sustainability and maximize shareholder value.
serta memaksimalkan nilai bagi pemegang saham.




                                                                2025                                             2024
           Keterangan
           Description                             Jumlah (Rp juta)                                 Jumlah (Rp juta)              %
                                                                                     %
                                             Amount (Rp million)                                   Amount (Rp million)


 Jumlah Liabilitas
                                                        53.331.621                  58,88               55.948.835               64,93
 Total Liabilities

 Jumlah Ekuitas
                                                       37.241.468                    41,12               30.220.153               35,07
 Total Equity

 Total                                                90.573.089                   100,00               86.168.988              100,00




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report     205
Page 206
        Ikhtisar 2025        Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights      Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




      Dalam dua tahun terakhir, struktur permodalan                       Over the past two years, the Company’s capital structure
      Perusahaan menunjukkan bahwa liabilitas masih                       has shown that liabilities continue to dominate over
      mendominasi dibandingkan ekuitas. Pada tahun 2025,                  equity. In 2025, liabilities accounted for 58.88% of the
      jumlah liabilitas tercatat sebesar 58,88% dari total struktur       total capital structure, while equity was 41.12%. This
      permodalan, sedangkan jumlah ekuitas 41,12%. Komposisi              composition reflects the Company’s strategy of utilizing
      tersebut mencerminkan strategi Perusahaan dalam                     debt-based financing in a measured manner to support
      memanfaatkan pendanaan berbasis liabilitas secara                   operations and business expansion, while maintaining a
      terukur untuk mendukung operasional dan ekspansi                    balanced capital structure to preserve financial stability
      usaha, dengan tetap menjaga keseimbangan struktur                   and sustain long-term growth.
      modal guna mempertahankan stabilitas keuangan serta
      mendukung pertumbuhan jangka panjang.




      INFORMASI TRANSAKSI MATERIAL
      INFORMATION ON MATERIAL TRANSACTIONS




        Ikatan Material untuk Investasi Barang Modal dan
      Realisasinya
      Material Bonds for Capital Goods Investment and Its Realization


      Tidak terdapat transaksi material terkait investasi barang          There were no material transactions related to capital
      modal pada tahun 2025, karena tidak terdapat nilai                  expenditure investments in 2025, as no investment value
      investasi yang mencapai atau melebihi 20% dari ekuitas              reached or exceeded 20% of the Company’s equity.
      Perusahaan.



206   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 207
  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




    Transaksi Material
Material Transactions

Kegiatan Perusahaan yang mengandung transaksi                            The Company’s material transactions in 2025, in
material pada tahun 2025 sesuai Pasal 3 POJK No. 17/                     accordance with Article 3 of POJK No. 17/POJK.04/2020,
POJK.04/2020 adalah sebagai berikut:                                     are as follows:


Transaksi material dengan nilai transaksi sama dengan
20% atau lebih dari ekuitas Perusahaan.                                                                          Tidak ada.
Material transactions with a transaction value equal to or                                                         None.
greater than 20% of the Company’s equity.

Transaksi material dengan total aset yang menjadi objek transaksi dibagi
total aset Perusahaan nilainya sama dengan atau lebih dari 20%.                                                  Tidak ada.
Material transactions where the total assets of the transaction object,                                            None.
divided by the Company’s total assets, amount to 20% or more.

Transaksi material dengan laba bersih objek transaksi dibagi dengan laba
bersih Perusahaan nilainya sama dengan atau lebih dari 20%.                                                      Tidak ada.
Material transactions where the net profit of the transaction object,                                              None.
divided by the Company’s net profit, amounts to 20% or more.

Transaksi material dengan pendapatan usaha objek transaksi dibagi dengan                                         Tidak ada.
pendapatan usaha Perusahaan nilainya sama dengan atau lebih dari 20%.                                              None.
Material transactions where the operating revenue of the transaction object,
divided by the Company’s operating revenue, amounts to 20% or more.




  Investasi, Ekspansi, Divestasi, Penggabungan Usaha,
Akuisisi, dan Restrukturisasi Utang/Permodalan
Investment, Expansion, Divestment, Business Merger, Acquisition, and Debt/
Capital Restructuring


Selama tahun 2025, Perusahaan tidak melakukan                            Throughout 2025, the Company did not undertake any
kegiatan usaha yang berkaitan dengan investasi,                          business activities related to investment, expansion,
ekspansi, divestasi, penggabungan usaha, akuisisi,                       divestment, merger, acquisition, nor debt/capital
maupun restrukturisasi utang/permodalan.                                 restructuring.




    Transaksi Afiliasi
Affiliated Transactions

Transaksi afiliasi dilakukan berdasarkan prinsip kewajaran               Affiliated transactions were carried out based on the
(arm’s length principle) dan sesuai dengan praktik bisnis                arm’s-length principle and in accordance with generally
yang berlaku umum. Adapun transaksi afiliasi yang                        accepted business practices. Affiliated transactions
dilakukan selama tahun buku 2025 disajikan pada tabel                    carried out during the 2025 fiscal year are presented in
berikut.                                                                 the following table.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   207
Page 208
        Ikhtisar 2025          Laporan Manajemen        Tentang Perusahaan   Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights        Management Report        About the Company    Management Discussion and Analysis      Corporate Governance




                                                   Tabel Pihak Berelasi Tahun 2025
                                                       Table of Related Party in 2025


             Pihak Berelasi                           Sifat Hubungan                                  Transaksi Afiliasi
             Related Parties                       Nature of Relationship                          Affiliated Transactions

       Negara Republik                 Pemegang Saham                               Setoran Saham, Dividen, Jasa Konsesi
       Indonesia                       Shareholders                                 Share Capital, Dividend, Concession Service
       Republic of Indonesia

       PT Aviasi Pariwisata            Pemegang Saham                               Setoran Saham, Dividen, Piutang
       Indonesia (Persero)             Shareholders                                 Lain-lain, Pendapatan
                                                                                    Share Capital, Dividend, Trade Receivables,
                                                                                    Others Receivables, Revenue

       PT Integrasi Aviasi Solusi      Entitas Asosiasi                             Piutang Usaha, Piutang Lain-lain, Liabilitas
                                       Associate Companies                          Jangka Pendek Lainnya, Pendapatan
                                                                                    Trade Receivables, Other Receivables,
                                                                                    Other Current Liabilities Revenues

       PT Bandarudara                  Entitas Asosiasi                             Piutang Lain-lain
       Internasional Jawa Barat        Associate Companies                          Other Receivables

       PT Purantara Mitra              Entitas Asosiasi                             Pendapatan
       Angkasa Dua                     Associate Companies                          Revenues

       PT Garuda Maintenance           Entitas Asosiasi                             Piutang Usaha, Pendapatan
       Facility AeroAsia Tbk.          Associate Companies                          Trade Receivables, Revenues

       PT Bank Mandiri                 Dikendalikan oleh Pemerintah                 Jasa Perbankan, Utang Usaha, Utang Bank
       (Persero) Tbk.                  Republik Indonesia                           dan Lembaga Keuangan, Pendapatan
                                       Controlled by the Government                 Banking Services, Trade Payable, Bank and
                                       of Republic Indonesia                        Other Financial Institution Loans, Revenues

       PT Bank Rakyat Indonesia        Dikendalikan oleh Pemerintah                 Jasa Perbankan, Piutang Usaha,
       (Persero) Tbk.                  Republik Indonesia                           Utang Usaha, Utang Bank dan
                                       Controlled by the Government                 Lembaga Keuangan, Pendapatan
                                       of Republic Indonesia                        Banking Services, Trade Receivable,
                                                                                    Trade Payable, Bank and Other Financial
                                                                                    Institution Loans, Revenues

       PT Bank Negara                  Dikendalikan oleh Pemerintah                 Jasa Perbankan, Piutang Usaha, Utang Bank
       Indonesia (Persero) Tbk.        Republik Indonesia                           dan Lembaga Keuangan, Pendapatan
                                       Controlled by the Government                 Banking Services, Trade Receivable, Bank and
                                       of Republic Indonesia                        Other Financial Institution Loans, Revenues

       PT Bank Tabungan                Dikendalikan oleh Pemerintah                 Jasa Perbankan, Utang Bank
       Negara (Persero) Tbk.           Republik Indonesia                           dan Lembaga Keuangan
                                       Controlled by the Government                 Banking Services, Bank and Other
                                       of Republic Indonesia                        Financial Institution Loans

       PT Bank Syariah                 Dikendalikan oleh Pemerintah                 Jasa Perbankan, Utang Bank
       Indonesia (Persero) Tbk.        Republik Indonesia                           dan Lembaga Keuangan
                                       Controlled by the Government                 Banking Services, Bank and Other
                                       of Republic Indonesia                        Financial Institution Loan

       Lembaga Pembiayaan              Dikendalikan oleh Pemerintah                 Utang Bank dan Lembaga Keuangan
       Ekspor Indonesia                Republik Indonesia                           Bank and Other Financial Institution Loan
                                       Controlled by the Government
                                       of Republic Indonesia

       PT Garuda Indonesia             Dikendalikan oleh Pemerintah                 Piutang Usaha, Utang Usaha, Pendapatan
       (Persero) Tbk.                  Republik Indonesia                           Trade Receivables, Trade Payables, Revenues
                                       Controlled by the Government
                                       of Republic Indonesia

       PT Merpati Nusantara            Dikendalikan oleh Pemerintah                 Piutang Usaha
       Airlines                        Republik Indonesia                           Trade Receivables
                                       Controlled by the Government
                                       of Republic Indonesia




208   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 209
 Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




      Pihak Berelasi                                 Sifat Hubungan                                        Transaksi Afiliasi
      Related Parties                             Nature of Relationship                                Affiliated Transactions

PT Telekomunikasi                  Dikendalikan oleh Pemerintah                             Utang Usaha, Liabilitas Jangka
Indonesia (Persero) Tbk.           Republik Indonesia                                       Pendek Lainnya
                                   Controlled by the Government                             Trade Payables, Other Current Liabilities
                                   of Republic Indonesia

PT Waskita Karya                   Dikendalikan oleh Pemerintah                             Liabilitas Jangka Pendek Lainnya
(Persero) Tbk.                     Republik Indonesia                                       Other Current Liabilities
                                   Controlled by the Government
                                   of Republic Indonesia

PT Wijaya Karya                    Dikendalikan oleh Pemerintah                             Piutang Usaha, Liabilitas Jangka
(Persero) Tbk.                     Republik Indonesia                                       Pendek Lainnya, Pendapatan
                                   Controlled by the Government                             Trade Receivables, Other Current
                                   of Republic Indonesia                                    Liabilities, Revenues

PT Indonesia                       Dikendalikan oleh Pemerintah                             Utang Bank dan Lembaga Keuangan
Infrastructure Finance             Republik Indonesia                                       Bank and Other Financial Institution Loan
                                   Controlled by the Government
                                   of Republic Indonesia

PT Sarana Multi                    Dikendalikan oleh Pemerintah                             Utang Bank dan Lembaga Keuangan
Infrastruktur Indonesia            Republik Indonesia                                       Bank and Other Financial Institution Loan
                                   Controlled by the Government
                                   of Republic Indonesia

PT Nindya Karya (Persero)          Dikendalikan oleh Pemerintah                             Liabilitas Jangka Pendek Lainnya
                                   Republik Indonesia                                       Other Current Liabilities
                                   Controlled by the Government
                                   of Republic Indonesia

Perum Lembaga                      Dikendalikan oleh Pemerintah                             Piutang Usaha, Pendapatan
Penyelenggara Pelayanan            Republik Indonesia                                       Trade Receivables, Revenues
Navigasi Indonesia                 Controlled by the Government
                                   of Republic Indonesia

PT Hutama Karya                    Dikendalikan oleh Pemerintah                             Liabilitas Jangka Pendek Lainnya
(Persero)                          Republik Indonesia                                       Other Current Liabilities
                                   Controlled by the Government
                                   of Republic Indonesia

PT Adhi Karya                      Dikendalikan oleh Pemerintah                             Liabilitas Jangka Pendek Lainnya
(Persero) Tbk.                     Republik Indonesi                                        Other Current Liabilities
                                   Controlled by the Government
                                   of Republic Indonesia

PT Pembangunan                     Dikendalikan oleh Pemerintah                             Liabilitas Jangka Pendek Lainnya
Perumahan (Persero) Tbk.           Republik Indonesia                                       Other Current Liabilities
                                   Controlled by the Government
                                   of Republic Indonesia

PT IAS Property Indonesia          Dikendalikan oleh PT                                     Liabilitas Jangka Pendek Lainnya
                                   Integrasi Aviasi Solusi                                  Other Current Liabilities
                                   Controlled by PT Integrasi Aviasi Solusi

PT Angkasa Pura Suport             Dikendalikan oleh PT                                     Utang Usaha, Liabilitas Jangka
                                   Integrasi Aviasi Solusi                                  Pendek Lainnya, Pendapatan
                                   Controlled by PT Integrasi Aviasi Solusi                 Trade Payables, Other Current
                                                                                            Liabilities, Revenue

PT Gapura Angkasa                  Dikendalikan oleh PT                                     Piutang Usaha, Pendapatan
                                   Integrasi Aviasi Solusi                                  Trade Receivables, Trade Payables, Revenues
                                   Controlled by PT Integrasi Aviasi Solusi

PT IAS Hospitality                 Dikendalikan oleh PT                                     Piutang Usaha, Pendapatan
Indonesia                          Integrasi Aviasi Solusi                                  Trade Receivables, Revenues
                                   Controlled by PT Integrasi Aviasi Solusi




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report   209
Page 210
        Ikhtisar 2025          Laporan Manajemen        Tentang Perusahaan        Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights        Management Report        About the Company         Management Discussion and Analysis      Corporate Governance




             Pihak Berelasi                           Sifat Hubungan                                       Transaksi Afiliasi
             Related Parties                       Nature of Relationship                               Affiliated Transactions

       PT IAS Support Indonesia        Dikendalikan oleh PT                              Piutang Usaha, Piutang Lain-lain,
                                       Integrasi Aviasi Solusi                           Utang Usaha, Liabilitas Jangka
                                       Controlled by PT Integrasi Aviasi Solusi          Pendek Lainnya, Pendapatan
                                                                                         Trade Receivables, Other Receivables, Trade
                                                                                         Payables, Other Current Liabilities, Revenues

       PT Merpati                      Dikendalikan oleh PT Merpati                      Piutang Usaha
       Maintenance Facility            Nusantara Airlines                                Trade Receivables
                                       Controlled by PT Merpati
                                       Nusantara Airlines

       PT Pelita Air Service           Dikendalikan oleh PT Pertamina (Persero)          Piutang Usaha, Utang Usaha, Pendapatan
                                       Controlled by PT Pertamina (Persero)              Trade Receivables, Trade Payables, Revenues

       PT Citilink Indonesia           Dikendalikan oleh PT Garuda                       Piutang Usaha, Pendapatan
                                       Indonesia (Persero) Tbk.                          Trade Receivables, Revenues
                                       Controlled by PT Garuda
                                       Indonesia (Persero) Tbk.

       PT Aerofood Indonesia           Dikendalikan oleh PT Garuda                       Piutang Usaha, Pendapatan
                                       Indonesia (Persero) Tbk.                          Trade Receivables, Revenues
                                       Controlled by PT Garuda
                                       Indonesia (Persero) Tbk.

       PT Bank Syariah                 Dikendalikan oleh PT Bank                         Jasa Perbankan, Utang Bank
       Nasional (dahulu Unit           Tabungan Negara (Persero) Tbk.                    dan Lembaga Keuangan
       Usaha Syariah BTN)              Controlled by PT Bank Tabungan                    Banking Services, Bank and Other
                                       Negara (Persero) Tbk.                             Financial Institution Loan

       PT Pertamina Patra Niaga        Dikendalikan oleh PT Pertamina (Persero)          Piutang Usaha, Pendapatan
                                       Controlled by PT Pertamina (Persero)              Trade Receivables, Revenues

       PT Kereta Commuter              Dikendalikan oleh PT Kereta                       Piutang Usaha, Pendapatan
       Indonesia                       Api Indonesia (Persero)                           Trade Receivables, Revenues
                                       Controlled by PT Kereta Api
                                       Indonesia (Persero)



      Nilai transaksi Perusahaan dengan pihak-pihak berelasi                 The value of the Company’s transactions with related
      di atas telah dicantumkan dalam Laporan Keuangan                       parties mentioned above in 2025 has been disclosed in
      Konsolidasian Perusahaan No. 41, yaitu dalam “Transaksi                the Company’s Consolidated Financial Statements No. 41,
      dengan Pihak Berelasi”.                                                under “Transactions with Related Parties.”




          Pernyataan Kewajaran Transaksi Afiliasi
      Affiliate Transaction Fairness Statement

      Transaksi afiliasi tersebut di atas merupakan kegiatan                 The affiliate transaction mentioned above is part of the
      usaha yang dijalankan dalam rangka menghasilkan                        business activities carried out to generate operating
      pendapatan usaha dan dijalankan secara rutin, berulang,                revenue and is conducted regularly, repeatedly, and/or
      dan/atau berkelanjutan. Transaksi afiliasi yang dilakukan              continuously. The affiliate transactions undertaken by the
      Perusahaan telah melalui prosedur yang memadai untuk                   Company have followed adequate procedures to ensure
      memastikan bahwa transaksi afiliasi dilaksanakan sesuai                that these transactions are carried out in accordance with
      dengan praktik bisnis yang berlaku umum dan telah                      generally accepted business practices and have adhered
      memenuhi prinsip transaksi yang wajar (arm’s length                    to the arm’s length principle. A more detailed description
      principle). Uraian yang lebih lengkap dapat dilihat pada               can be found in the Company’s Consolidated Financial
      Laporan Keuangan Konsolidasian Perusahaan tentang                      Statements under “Balances and Transactions with
      “Saldo dan Transaksi dengan Pihak-Pihak Berelasi”.                     Related Parties.”




210   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




  Peran Dewan Komisaris dan Komite Audit Dalam
Pemenuhan Prosedur Transaksi Afiliasi dan Transaksi
Material Perusahaan
The Role of the Board of Commissioners and the Audit Committee in Procedure
Compliance of the Company’s Affiliate Transactions and Material Transactions

Setiap transaksi yang dilakukan Perusahaan, baik                         Each of the Company’s transactions, whether an affiliate
transaksi afiliasi, transaksi material, maupun gabungan                  transaction, material transaction, or a combination of
keduanya, wajib mematuhi prinsip transaksi yang wajar                    both, must comply with the arm’s length principle and
(arm’s length principles) dan harus melalui proses                       undergo a process of comparing its terms and conditions
perbandingan ketentuan dan persyaratan transaksi yang                    with those of similar transactions.
setara dengan transaksi tersebut.

Untuk setiap Transaksi Afiliasi dan Transaksi Material                   For every Affiliate Transaction and Material Transaction
yang memerlukan persetujuan Rapat Umum Pemegang                          that requires approval from the General Meeting of
Saham (RUPS) dan yang berdasarkan Anggaran Dasar                         Shareholders (GMS) and, according to the Company’s
Perusahaan, wajib diajukan kepada dan disetujui                          Articles of Association, such transactions must first be
terlebih dahulu oleh Dewan Komisaris. Dalam proses                       submitted to and approved by the Board of Commissioners.
persetujuannya,    Dewan     Komisaris   dan    Direksi                  During the approval process, the Board of Commissioners
dapat meminta kajian dan saran dari Komite Audit.                        and Directors may seek reviews and recommendations
Seluruh Transaksi Afiliasi dan Transaksi Material wajib                  from the Audit Committee. All Affiliate Transactions and
mensyaratkan untuk mengikuti proses dan persetujuan                      Material Transactions must follow the processes and
sebagaimana disyaratkan berdasarkan peraturan dan                        approvals stipulated by the applicable regulations and
regulasi yang berlaku.                                                   laws.




    Pernyataan Direksi atas Transaksi Afiliasi
Board of Directors’ Statement on Affiliated Transactions

Direksi menyatakan bahwa Transaksi Afiliasi dan                          The Board of Directors states that the Company’s Affiliate
Transaksi Material Perusahaan dengan pihak berelasi                      Transactions and Material Transactions with related
telah melalui prosedur yang memadai dan dilaksanakan                     parties have undergone adequate procedures and
sesuai dengan praktik bisnis yang berlaku umum serta                     were conducted in accordance with generally accepted
memenuhi prinsip transaksi yang wajar (arm’s length                      business practices, adhering to the arm’s length principles.
principles).




    Transaksi yang Mengandung Benturan Kepentingan
Transactions Containing Conflicts of Interest

Transaksi yang berpotensi menimbulkan benturan                           Transactions that have the potential to give rise to
kepentingan dilaksanakan secara hati-hati dan sesuai                     a conflict of interest are carried out carefully and in
dengan ketentuan Pemerintah Republik Indonesia selaku                    accordance with the provisions of the Government of the
pemegang saham Perusahaan, untuk memastikan                              Republic of Indonesia as the Company’s shareholder, to
objektivitas dan transparansi. Selama tahun 2025, tidak                  ensure objectivity and transparency. During 2025, there
terdapat suatu transaksi yang mengandung benturan                        was no transaction that contained a conflict of interest in
kepentingan di Perusahaan.                                               the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report     211
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           Ikhtisar 2025        Laporan Manajemen          Tentang Perusahaan        Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
           2025 Highlights      Management Report          About the Company         Management Discussion and Analysis     Corporate Governance




             Pengungkapan Pajak
      Tax Disclosure

      PT Angkasa Pura Indonesia selama tahun 2025 telah                         Throughout 2025, PT Angkasa Pura Indonesia has
      memberikan total kontribusi pajak kepada pemerintah                       contributed a total tax payment of Rp3,348,424,891,737
      pusat dan daerah selama satu tahun sebesar                                to both the central and regional governments over the
      Rp3.348.424.891.737. Rekapitulasinya adalah sebagai                       course of the year. The breakdown is as follows:
      berikut:
      1. Realisasi atas total Pajak Pusat periode Tahun 2025                    1. Realization of total Central Taxes for the 2025 period
         sebesar Rp2.655.069.963.050.                                              amounted to Rp2,655,069,963,050.
      2. Realisasi atas total Pajak Daerah periode Tahun 2025                   2. Realization of total Regional Taxes for the 2025 period
         sebesar Rp441.012.404.216.                                                amounted to Rp441,012,404,216.
      3. Realisasi Penerimaan Negara Bukan Pajak (PNBP)                         3. Realization of Non-Tax State Revenue (PNBP) for the
         periode Tahun 2025 sebesar Rp252.342.524.471.                             2025 period amounted to Rp252,342,524,471.

      Berdasarkan pemenuhan kewajiban perpajakan yang                           Based on the fulfillment of tax obligations carried out
      telah dilakukan melalui sistem Coretax, seluruh kewajiban                 through the Coretax system, all tax reporting obligations
      pelaporan pajak telah diselesaikan secara tepat waktu.                    have been completed in a timely manner. This includes
      Hal ini mencakup penyampaian SPT Masa PPh Unifikasi,                      the submission of the Periodic Unified Income Tax Return
      SPT Masa PPN, serta SPT Tahunan PPh Badan Tahun                           (SPT Masa PPh Unifikasi), Periodic Value Added Tax
      Pajak 2025 kepada Direktorat Jenderal Pajak.                              Return (SPT Masa PPN), and the 2025 Annual Corporate
                                                                                Income Tax Return (SPT Tahunan PPh Badan) to the
                                                                                Directorate General of Taxes.

      Sesuai dengan ketentuan Undang-Undang Harmonisasi                         In accordance with the provisions of the Law on the
      Peraturan Perpajakan (UU HPP) dan regulasi teknis                         Harmonization of Tax Regulations (UU HPP) and the
      terbaru   (seperti   PER-11/PJ/2025), berikut  adalah                     latest technical regulations (such as PER-11/PJ/2025), the
      rekapitulasi kontribusi pajak kepada Pemerintah Pusat                     following is a recapitulation of tax contributions to the
      dan Pemerintah Daerah untuk periode tahun 2025:                           Central Government and Regional Governments for the
                                                                                2025 period:



       No                                    Keterangan                                             Nilai Pajak (dalam Rupiah penuh)
                                             Description                                                Tax Amount (in full Rupiah)

                                                                                                       2025                     2024


       A       Pajak Pusat | Central Taxes

       1       PPN Pasal 1111 | VAT Article 1111                                                1.114.547.176.943         1.318.459.409.446

       2       PPN Pasal 1107 (Wapu) | VAT Article 1107 (Withholding Agent)                       520.071.118.902          448.577.724.965

       3       PPh Pasal 21 | Income Tax Article 21                                               587.211.324.192          540.869.841.278

       4       PPh Pasal 22 (Wapu) | Income Tax Article 22 (Withholding Agent)                     4.973.907.054                3.510.873.111

       5       PPh Pasal 23 dan 26 | Income Tax Article 23 and 26                                  53.001.432.177           44.490.682.176

       6       PPh Pasal 4 Ayat (2) | Income Tax Article 4 Paragraph (2)                         109.757.601.842             67.211.560.505

       7       PPh Pasal 29 | Income Tax Article 29                                                               -                         -

       8       Beban PPh Pasal 4 Ayat (2) – Customer | Income Tax                               265.507.401.940             212.651.883.844
               Burden Article 4 Paragraph (2) – Customer

       9       Beban Pajak Pusat Lainnya | Other Central Tax Burdens                                              -                         -
               Total Pajak Pusat | Total Central Taxes                                       2.655.069.963.050            2.635.771.975.325




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 No                                        Keterangan                                             Nilai Pajak (dalam Rupiah penuh)
                                           Description                                               Tax Amount (in full Rupiah)

                                                                                                    2025                    2024


 B       Pajak Daerah | Regional Taxes

 1       PBB-P2 | Land and Building Tax (PBB-P2)                                                318.641.649.185        344.003.850.735

 2       Pajak Parkir | Parking Tax                                                            101.853.848.069          48.770.159.303

 3       Pajak Air Tanah | Groundwater Tax                                                       1.377.806.535           2.289.455.966

 4       Pajak Hotel | Hotel Tax                                                                              -                       -

 5       Pajak Restoran | Restaurant Tax                                                                      -                       -

 6       Pajak Penerangan Jalan | Street Lighting Tax                                            19.132.223.722         38.062.898.228

 7       Pajak Genset | Generator Tax                                                                6.876.705               19.135.529

 8       Pajak Daerah Lainnya | Other Regional Taxes                                                          -           1.034.982.228

         Total Pajak Daerah | Total Regional Taxes                                             441.012.404.216         434.180.481.989


 C       Penerimaan Negara Bukan Pajak (PNBP)                                                  252.342.524.471         822.353.214.419
         Non-Tax State Revenue (PNBP)

 Total Pajak Pusat, Pajak Daerah, dan PNBP                                                   3.348.424.891.737       3.892.305.671.733
 Total Central, Regional, and PNBP Taxes




  Informasi dan Fakta Material Setelah Tanggal Laporan
Akuntan
Subsequent Events and Material Facts Post-Audit Date


Pembayaran Dividen Interim                                                    Interim Dividend Distribution

Pada tanggal 23 Februari 2026, InJourney melalui Surat No.                    On February 23, 2026, InJourney, through Letter No.
IN.12/05.03/23.02/2026/DU-B perihal Informasi Penyetoran                      IN.12/05.03/23.02/2026/DU-B regarding the Information
Dividen Interim PT Angkasa Pura Indonesia Tahun Buku                          on the Distribution of Interim Dividend of PT Angkasa
2025 menetapkan penarikan dividen interim untuk tahun                         Pura Indonesia for the 2025 Financial Year, approved the
buku 2025 sebesar Rp300 miliar. Sehubungan dengan hal                         distribution of an interim dividend for the 2025 financial
tersebut, Perusahaan telah melaksanakan pembayaran                            year amounting to Rp300 billion. In relation to this, the
dividen interim dimaksud kepada InJourney pada tanggal                        Company paid the interim dividend to InJourney on
5 Maret 2026.                                                                 March 5, 2026.



IGFS                                                                          IGFS

Perusahaan telah menandatangani sejumlah perjanjian                           The Company entered into several loan facility
fasilitas pinjaman dalam rangka program IGFS pada                             agreements under the IGFS program on February 13,
tanggal 13 Februari 2026 di hadapan Desman, S.H.,                             2026, before Desman, S.H., M.Hum., Notary in Jakarta.
M.Hum., Notaris di Jakarta, yang meliputi Akta Perjanjian                     These agreements included the Deed of General Terms
Ketentuan Umum No. 35, Akta Perjanjian Antarbank No.                          Agreement No. 35, the Interbank Agreement Deed No.
37, Akta Perjanjian Fasilitas Konvensional No. 38, serta                      37, the Conventional Facility Agreement Deed No. 38, and
Akta Perjanjian Line Fasilitas Pembiayaan Sindikasi                           the Syndicated Financing Facility Line Agreement based



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        2025 Highlights    Management Report       About the Company         Management Discussion and Analysis    Corporate Governance




      Berdasarkan Prinsip Syariah No. 39. Fasilitas pinjaman            on Sharia Principles Deed No. 39. The loan facilities have a
      tersebut memiliki jangka waktu 15 (lima belas) tahun sejak        tenor of 15 (fifteen) years from the date of signing, with the
      tanggal penandatanganan perjanjian, dengan tujuan                 primary purpose of refinancing existing loan facilities and
      utama untuk refinancing fasilitas pinjaman eksisting              financing capital expenditures.
      serta pembiayaan belanja modal.

      Secara rinci, fasilitas refinancing terdiri atas Term Loan        In detail, the refinancing facilities consisted of Term
      Refinancing Tranche I dengan limit maksimal Rp9,34                Loan Refinancing Tranche I with a maximum limit of
      triliun untuk refinancing fasilitas pinjaman bilateral dan        Rp9.34 trillion for refinancing bilateral loan facilities, and
      Tranche II dengan limit maksimal Rp22,44 triliun untuk            Tranche II with a maximum limit of Rp22.44 trillion for
      refinancing fasilitas pinjaman berdasarkan Perjanjian             refinancing loan facilities under the Master Restructuring
      Restrukturisasi Induk (MRA). Selain itu, Perusahaan juga          Agreement (MRA). In addition, the Company obtained a
      memperoleh fasilitas pinjaman untuk belanja modal                 capital expenditure loan facility with a maximum plafond
      dengan plafon maksimal Rp11,63 triliun guna mendukung             of Rp11.63 trillion to finance investments equivalent to
      pembiayaan investasi sebesar 80% dari nilai pekerjaan             80% of the project value as stipulated in the RKAP and
      yang tercantum dalam RKAP dan Rencana Jangka                      the Company’s Long-Term Plan (RJPP), with a drawdown
      Panjang Perusahaan (RJPP), dengan jangka waktu                    period of 5 (five) years.
      penarikan selama 5 (lima) tahun.

      Selanjutnya, pada tanggal 3–4 Maret 2026, Perusahaan              Subsequently, on March 3–4, 2026, the Company drew
      telah melakukan penarikan atas fasilitas Term Loan                down the Term Loan Refinancing Tranche I and Tranche II
      Refinancing Tranche I dan Tranche II sekaligus melunasi           facilities and simultaneously settled all of its existing loan
      seluruh fasilitas pinjaman eksisting dengan nilai total           facilities, with a total value of Rp31.78 trillion, after taking
      sebesar Rp31,78 triliun, setelah memperhitungkan                  into account principal repayments of the Company
      pembayaran pokok pinjaman Perusahaan (dahulu AP2)                 (formerly AP2) amounting to Rp423.48 billion for the
      sebesar Rp423,48 miliar untuk periode 1 Januari sampai            period from January 1 to March 2, 2026.
      dengan 2 Maret 2026.



      Perkembangan Geopolitik di Timur                                  Geopolitical Developments in the
      Tengah                                                            Middle East
      Setelah   tanggal    pelaporan,   terjadi  peningkatan            Subsequent to the reporting date, geopolitical tensions in
      ketegangan geopolitik di kawasan Timur Tengah                     the Middle East escalated following military actions in the
      yang dipicu oleh tindakan militer pada akhir Februari             region in late February 2026. These developments have
      2026. Kondisi ini telah mendorong meningkatnya                    led to heightened geopolitical uncertainty and increased
      ketidakpastian geopolitik serta volatilitas di pasar              volatility in global financial and energy markets. The
      keuangan dan energi global. Perusahaan menilai bahwa              Company assessed that such developments may affect its
      perkembangan tersebut berpotensi mempengaruhi                     operations, financial position, and financial performance
      operasi, posisi keuangan, dan kinerja keuangan melalui            through various channels, including volatility in global
      berbagai faktor, antara lain fluktuasi harga komoditas            commodity and energy prices, disruptions to global supply
      dan energi, gangguan rantai pasokan dan logistik global,          chains and logistics, broader macroeconomic uncertainty
      ketidakpastian kondisi makroekonomi yang berdampak                affecting customer demand, as well as volatility in foreign
      pada permintaan pelanggan, serta volatilitas nilai tukar          exchange and financial markets.
      dan pasar keuangan.

      Meskipun Perusahaan saat ini tidak memiliki operasi               The Company currently does not have significant direct
      langsung yang signifikan di negara-negara yang                    operations in countries directly involved in the conflict.
      terlibat dalam konflik, dampak ekonomi secara tidak               However, the broader economic impacts arising from the
      langsung tetap berpotensi mempengaruhi kinerja                    geopolitical situation may indirectly affect the Company’s
      Perusahaan. Hingga tanggal otorisasi laporan keuangan             operations and financial performance. As of the
      ini, Perusahaan belum dapat mengestimasi secara                   authorization date of these financial statements, it was
      andal dampak keuangan yang mungkin timbul akibat                  not practicable to reliably estimate the potential financial
      potensi eskalasi lebih lanjut dari konflik tersebut               impact arising from further escalation of the conflict
      terhadap laporan keuangan konsolidasian. Oleh karena              on the Company’s consolidated financial statements.
      itu, Perusahaan akan terus memantau perkembangan                  Accordingly, the Company will continue to closely
      situasi dan mengevaluasi potensi dampaknya pada                   monitor developments related to this conflict and assess
      periode pelaporan berikutnya.                                     their potential impact in subsequent reporting periods.




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Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   215
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        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      PROSPEK DAN PROYEKSI USAHA
      BUSINESS PROSPECTS AND PROJECTIONS




          Prospek Usaha
      Business Prospects


      Prospek     bisnis   Perusahaan   pada   tahun     2026        The Company’s business prospects in 2026 are supported
      didukung oleh data industri penerbangan global yang            by global aviation industry data indicating stable and
      menunjukkan pertumbuhan yang stabil. Menurut                   sustained growth. According to the International Air
      laporan dari International Air Transport Association           Transport Association (IATA), global passenger traffic in
      (IATA), lalu lintas penumpang global pada tahun 2025           2025 increased by approximately 5.3% year on year, while
      meningkat sekitar 5,3% dibandingkan tahun sebelumnya,          available seat capacity rose by about 5.2%. The global
      sementara kapasitas tersedia naik sekitar 5,2%. Tingkat        passenger load factor reached 83.6%, representing the
      keterisian penumpang atau load factor mencapai 83,6%,          highest full year level on record. This indicates that air
      yang merupakan rekor tertinggi untuk capaian tahunan           travel demand remained strong and was able to absorb
      secara global. Angka ini menunjukkan bahwa permintaan          the additional capacity introduced to the market.
      perjalanan udara tetap kuat dan mampu menyerap
      kapasitas tambahan yang tersedia.

      Memasuki kuartal keempat 2025, trafik penumpang                Entering the fourth quarter of 2025, global passenger
      global yang diukur melalui revenue passenger kilometres        traffic measured in revenue passenger kilometres grew
      meningkat sekitar 6% secara tahunan. Pada periode yang         by around 6% compared to the previous year. Capacity
      sama, kapasitas bertambah sekitar 5,7% dengan rata-            during the same period increased by approximately 5.7%,
      rata load factor mencapai sekitar 84%. Data tersebut           with the average load factor reaching about 84%. These
      mencerminkan bahwa momentum pertumbuhan masih                  figures demonstrate that growth momentum remained
      terjaga hingga menjelang tahun 2026, meskipun industri         intact heading into 2026, despite ongoing operational
      tetap menghadapi sejumlah tantangan operasional.               constraints within the industry.

      Di kawasan Asia Pasifik, maskapai penerbangan mencatat         In the Asia Pacific region, airline performance was even
      kinerja yang lebih kuat. Sepanjang 2025, maskapai di           stronger. Throughout 2025, airlines in the region carried
      kawasan ini mengangkut sekitar 390,5 juta penumpang            approximately 390.5 million international passengers,



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internasional, meningkat sekitar 9,4% dibandingkan                              reflecting a 9.4% increase compared to 2024. Demand
tahun 2024. Permintaan yang diukur dalam revenue                                measured in revenue passenger kilometres rose by around
passenger kilometres juga tumbuh sekitar 11%.                                   11%. This double digit growth confirms that international
Pertumbuhan dua digit ini menegaskan bahwa pasar                                markets in Asia Pacific continue to experience solid
internasional di kawasan Asia Pasifik masih berada dalam                        expansion.
fase ekspansi yang solid.

Kondisi tersebut memberikan peluang yang signifikan                             Such industry conditions create significant opportunities
bagi Perusahaan untuk meningkatkan trafik penumpang                             for the Company to increase passenger throughput
di bandara-bandara yang dikelola, baik pada rute                                across the airports under its management, both
domestik maupun internasional. Peningkatan volume                               domestically and internationally. Higher passenger
penumpang secara langsung berpotensi mendorong                                  volumes are expected to support growth in aeronautical
pertumbuhan      pendapatan      aeronautika    serta                           revenues while also strengthening non aeronautical
memperkuat pendapatan nonaeronautika seperti ritel,                             income streams, including retail concessions, commercial
layanan komersial, dan pengelolaan fasilitas bandara.                           services, and airport facility management. With resilient
Dengan fundamental permintaan global dan regional                               global and regional demand fundamentals, the Company
yang tetap kuat, Perusahaan berada pada posisi yang                             is strategically positioned to optimize operational capacity
strategis untuk mengoptimalkan kapasitas operasional                            and expand air connectivity.
dan memperluas konektivitas udara.




    Target, Realisasi, dan Proyeksi Usaha
Business Target, Realization, and Projection

Dalam rangka memenuhi ketentuan pengungkapan                                    In order to comply with the disclosure requirements in
sesuai dengan Surat Edaran Otoritas Jasa Keuangan                               accordance with the Financial Services Authority Circular
(SEOJK) No. 16/SEOJK.04/2021, Perusahaan menyajikan                             Letter (SEOJK) No. 16/SEOJK.04/2021, the Company
perbandingan antara target yang ditetapkan di awal                              presents a comparison between the targets set at the
tahun buku dengan capaian yang berhasil diraih hingga                           beginning of the financial year and the achievements
akhir 2025. Selain itu, Perusahaan juga mengungkapkan                           realized by the end of 2025. Furthermore, the Company
proyeksi kinerja untuk tahun buku 2026, sehingga                                also discloses performance projections for the 2026
memberikan pandangan yang transparan bagi para                                  financial year, thereby providing a transparent view for
pemangku kepentingan mengenai arah strategis dan                                stakeholders regarding the strategic direction and future
prospek usaha Perusahaan ke depan.                                              business prospects of the Company.



             Uraian                            Satuan                      RKAP 2025                  Realisasi 2025         RKAP 2026
          Description                              Unit                    2025 RKAP                2025 Realizations        2026 RKAP

 Pendapatan                           Rp Juta                                     21.445.921                 21.213.780           2.090.514
 Revenue                              Rp Million

 Laba/(Rugi) Bersih                   Rp Juta                                      1.731.569                 7.862.220             285.697
 Net Profit/(Loss)                    Rp Million

 Rasio Utang terhadap                 % (2 angka desimal)                               0,66                      0,59                0,68
 Total Aset (DAR)                     % (2 decimal places)
 Debt to Asset Ratio (DAR)

 Rasio Utang terhadap                 x (2 angka desimal)                                1,93                      1,43                  2,12
 Total Ekuitas (DER)                  x (2 decimal places)
 Debt to Equity Ratio (DER)

 Rasio Lancar                         x (2 angka desimal)                                 1,01                    0,67                 1,05
 Current Ratio                        x (2 decimal places)


 Rasio Cepat                          x (2 angka desimal)                               0,86                      0,69                 0,91
 Quick Ratio                          x (2 decimal places)

 Dividen                              Rp                                  86.400.000.000              855.896.730.289       88.576.682.208
 Dividend                             Rp




                                                                                                 PT Angkasa Pura Indonesia 2025 Annual Report   217
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        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      DIVIDEN
      DIVIDEND


          Kebijakan Dividen
      Dividend Policy

      Kebijakan dividen Perusahaan ditetapkan dengan                 The Company’s dividend policy is determined by taking
      mempertimbangkan keseimbangan antara pemberian                 into account a balanced consideration between providing
      imbal hasil yang optimal kepada pemegang saham dan             optimal returns to shareholders and fulfilling the funding
      kebutuhan pendanaan untuk mendukung pertumbuhan                requirements necessary to support sustainable business
      usaha yang berkelanjutan. Penentuan besaran dividen            growth. The determination of the dividend amount is
      dilakukan berdasarkan kinerja keuangan, kondisi arus           based on the Company’s financial performance, cash
      kas, kebutuhan investasi, serta rencana pengembangan           flow condition, investment requirements, and business
      usaha Perusahaan.                                              development plans.

      Perusahaan dapat membagikan dividen tunai sepanjang            The Company may distribute cash dividends provided
      tetap memperhatikan tingkat kesehatan keuangan,                that due consideration is given to its financial
      kewajiban kepada kreditur, serta ketentuan peraturan           soundness, obligations to creditors, and compliance
      perundang-undangan       yang   berlaku.  Keputusan            with the prevailing laws and regulations. The decision to
      pembagian dividen ditetapkan melalui Rapat Umum                distribute dividends is resolved at the General Meeting of
      Pemegang Saham (RUPS) berdasarkan rekomendasi                  Shareholders (GMS) based on the recommendation of the
      Direksi dan persetujuan Dewan Komisaris.                       Board of Directors and with the approval of the Board of
                                                                     Commissioners.

      Dengan kebijakan ini, Perusahaan berkomitmen untuk             Through this policy, the Company remains committed
      menjaga keseimbangan antara kepentingan pemegang               to maintaining an appropriate balance between
      saham dalam memperoleh pengembalian investasi dan              shareholders’ interests in obtaining investment returns
      kebutuhan Perusahaan untuk mempertahankan struktur             and the Company’s need to preserve a strong and
      permodalan yang kuat dan berkelanjutan.                        sustainable capital structure.




          Pembayaran Dividen
      Dividend Payment


      Dividen Tahun 2025                                             Dividend for the Year 2025

      Berdasarkan Risalah Rapat Umum Pemegang Saham                  Based on the Minutes of the General Meeting of
      (RUPS) No. RPP.DU.0115/RT.01/2025 tanggal 20 Juni 2025,        Shareholders (GMS) No. RPP.DU.0115/RT.01/2025 dated
      pemegang saham Perusahaan setuju membagikan                    June 20, 2025, the Company’s shareholders approved
      dividen tahun buku 2024 sebesar Rp855.897 juta.                the distribution of dividends for the 2024 financial year
      Perusahaan telah membayarkan dividen kepada                    amounting to Rp855,897 million. The Company has paid
      Injourney sebesar Rp855.897 juta pada tanggal 10 Juli          the dividend to Injourney in the amount of Rp855,897
      2025.                                                          million on July 10, 2025.



      Dividen Tahun 2024                                             Dividend for the Year 2024

      Berdasarkan Keputusan Rapat Umum Pemegang Saham                Based on the Resolution of the General Meeting of
      (RUPS) PT Angkasa Pura II tanggal 19 Juni 2024 mengenai        Shareholders (GMS) of PT Angkasa Pura II dated June 19,
      Persetujuan Laporan Tahunan dan Pengesahan atas                2024, concerning the Approval of the Annual Report and
      Laporan Keuangan Tahun Buku 2023, ditetapkan bahwa             Ratification of the Financial Statements for Fiscal Year



218   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




laba bersih Tahun Buku 2023 dialokasikan sebagai                         2023, it was resolved that the net profit for Fiscal Year 2023
dividen sebesar Rp1.200.000 juta, yang telah dibayarkan                  be allocated for dividends amounting to Rp1,200,000
melalui dividen interim sebesar Rp350.000 juta. Dengan                   million, of which Rp350,000 million had been distributed
demikian, masih terdapat sisa dividen Tahun Buku 2023                    as an interim dividend. Accordingly, the remaining
yang harus disetorkan sebesar Rp850.000 juta.                            dividend payable for Fiscal Year 2023 amounted to
                                                                         Rp850,000 million.

Perusahaan       (dahulu  AP2)   telah  merealisasikan                   The Company (formerly AP2) has fully settled the
pembayaran sisa dividen yang masih harus disetorkan                      remaining dividend payable amounting to Rp850,000
tersebut sebesar Rp850.000 juta kepada PT Aviasi                         million to PT Aviasi Pariwisata Indonesia (Injourney), TWB,
Pariwisata Indonesia (Injourney), TWB, dan Negara                        and the Republic of Indonesia, in the respective amounts
Republik       Indonesia,   masing-masing      sebesar                   of Rp453,338,898,472, Rp396,661,050,844, and Rp50,684
Rp453.338.898.472, Rp396.661.050.844, dan Rp50.684                       (full amount), on June 24, 2024, June 28, 2024, and July
(nilai penuh), pada tanggal 24 Juni 2024, 28 Juni 2024,                  4, 2024.
dan 4 Juli 2024.

Selanjutnya, berdasarkan Risalah Rapat Umum Pemegang                     Furthermore, based on the Minutes of the General
Saham (RUPS) No. AP.I.3688/RT.01/2024/DU-B tanggal                       Meeting of Shareholders No. AP.I.3688/RT.01/2024/DU-B
20 Juni 2024, pemegang saham Perusahaan (dahulu                          dated June 20, 2024, the shareholders of the Company
AP1) menetapkan bahwa laba bersih konsolidasian yang                     (formerly AP1) resolved that the consolidated net profit
diatribusikan kepada pemilik entitas induk untuk Tahun                   attributable to the owners of the parent entity for Fiscal
Buku 2023 sebesar Rp922.231 juta dicadangkan untuk                       Year 2023 amounting to Rp922,231 million be retained
mendukung kegiatan operasional dan pengembangan                          to support the Company’s operational activities and
usaha Perseroan.                                                         business development.




REALISASI PENGGUNAAN DANA HASIL
PENAWARAN UMUM
UTILIZATION OF PROCEEDS FROM THE PUBLIC OFFERING



Pada Tahun 2025 PT Angkasa Pura Indonesia tidak                          In 2025, PT Angkasa Pura Indonesia did not issue any
menerbitkan Penawaran Umum Obligasi/Sukuk. Dana                          Public Offering of Bonds/Sukuk. The proceeds from the
Hasil Penawaran Umum Obligasi/Sukuk Tahun 2024                           Public Offering of Bonds/Sukuk in 2024 and prior years
dan tahun-tahun sebelumya telah terserap seluruhnya                      have been fully utilized and reported to the Financial
dan dilaporkan kepada Otoritas Jasa Keuangan sesuai                      Services Authority in accordance with applicable
dengan ketentuan.                                                        regulations.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report       219
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        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      PERUBAHAN PERATURAN DAN DAMPAKNYA
      REGULATORY CHANGES AND THEIR IMPACTS


        Perubahan Peraturan Perundang-Undangan dan
      Dampaknya
      Changes in Legislative Regulations and their Impact


      Perusahaan melakukan penyesuaian terhadap regulasi               The Company adjusted its internal regulations governing
      internal yang mengatur batas nilai uang muka (persekot)          the limits for official advance funds (cash advances) as
      dinas sebagai bagian dari upaya penguatan tata kelola            part of its efforts to strengthen financial governance.
      keuangan. Kebijakan ini menetapkan limitasi dana yang            This policy established funding limits based on the
      dapat diajukan berdasarkan klasifikasi unit kerja, yang          classification of work units, including Head Office,
      mencakup Kantor Pusat, Kantor Regional, hingga Kantor            Regional Offices, and Airport Branch Offices, while
      Cabang Bandar Udara, dengan mempertimbangkan skala               taking into account the operational scale of each unit.
      operasional masing-masing. Melalui pendekatan yang               Through this more structured approach, the submission
      lebih terstruktur tersebut, pengajuan dan penggunaan             and utilization of operational funds became more
      dana operasional menjadi lebih terstandarisasi serta             standardized and aligned with the actual needs of each
      selaras dengan kebutuhan riil di setiap unit kerja.              work unit.

      Penerapan     kebijakan  ini   memberikan     dampak             The implementation of this policy had a significant impact
      signifikan terhadap peningkatan kualitas pengelolaan             on improving the quality of the Company’s financial
      keuangan Perusahaan. Dari sisi pengendalian internal,            management. From an internal control perspective,
      penetapan limitasi yang spesifik berdasarkan klasifikasi         the establishment of specific limits based on airport
      bandara, mulai dari Kelas Besar A hingga Kelas B                 classifications, ranging from Large Class A to Small Class
      Kecil, memungkinkan Perusahaan memitigasi risiko                 B, enabled the Company to more effectively mitigate
      penggunaan dana tunai secara lebih efektif, sekaligus            risks related to the use of cash funds, while ensuring
      memastikan kesesuaian antara besaran uang muka                   alignment between advance amounts and operational
      dengan kebutuhan operasional. Selain itu, dari aspek             requirements. In addition, from a cash management
      manajemen kas, penetapan batas nilai maksimal, seperti           standpoint, the determination of maximum thresholds,
      Rp250 juta untuk Kantor Pusat dan Rp15 juta untuk                such as Rp250 million for Head Office and Rp15 million
      Cabang Kelas B Kecil, mendukung terjaganya likuiditas            for Small Class B Branches, supported the maintenance
      pada tingkat unit serta mendorong penerapan metode               of liquidity at the unit level and encouraged the adoption
      pembayaran non-tunai yang lebih transparan dan                   of more transparent and accountable non-cash payment
      akuntabel.                                                       methods.

      Lebih lanjut, kebijakan ini juga berkontribusi terhadap          Furthermore, this policy also contributed to enhancing
      peningkatan efisiensi birokrasi keuangan. Kejelasan              the efficiency of financial bureaucracy. The clear
      batas kewenangan dalam pengelolaan dana taktis                   delineation of authority limits in managing tactical funds
      memberikan ruang bagi pimpinan unit kerja untuk                  provided flexibility for unit leaders to respond more
      merespons kebutuhan operasional secara lebih cepat               quickly to operational needs without compromising
      tanpa mengesampingkan prinsip kepatuhan.                         compliance principles.




          Perubahan Kebijakan Akuntansi dan Dampaknya
      Changes in Accounting Policies and Their Impact

      Perusahaan menerapkan untuk pertama kalinya                      The Company applies for the first time certain standards
      beberapa standar dan amandemen tertentu yang efektif             and amendments that are effective for annual periods
      untuk periode tahunan yang dimulai pada atau setelah 1           beginning on or after 1 January 2025 (unless otherwise
      Januari 2025 (kecuali dinyatakan lain). Perusahaan tidak         stated). The Company has not early adopted any other
      melakukan penerapan dini atas standar, interpretasi, atau        issued standards, interpretations, or amendments that
      amandemen lain yang telah diterbitkan namun belum                are not yet effective.
      efektif.


220   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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     Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




1.   Amandemen PSAK 221: Kekurangan Ketertukaran                            1.   Amendment to PSAK 221: Lack of Exchangeability
     Amandemen ini menetapkan bagaimana entitas                                  The amendments specify how an entity should assess
     harus menilai apakah suatu mata uang dapat                                  whether a currency is exchangeable and how it should
     dipertukarkan   serta   bagaimana     menentukan                            determine a spot exchange rate when exchangeability
     kurs spot ketika ketertukaran (exchangeability)                             is lacking. The amendments also require disclosure
     tidak tersedia. Amandemen juga mensyaratkan                                 of information that enables users of its financial
     pengungkapan informasi agar pengguna laporan                                statements to understand how a currency not being
     keuangan memahami ketidakmampuan mata uang                                  exchangeable into another currency affects, or is
     tersebut untuk dipertukarkan dengan mata uang                               expected to affect, the entity’s financial performance,
     lainnya dalam mempengaruhi, atau diharapkan                                 financial position, and cash flows. The amendments did
     akan mempengaruhi, kinerja keuangan, posisi                                 not have any impact on the Company’s consolidated
     keuangan, dan arus kas entitas. Amandemen ini tidak                         financial statements.
     berdampak terhadap laporan keuangan konsolidasian
     Perusahaan.

2. PSAK 117: Kontrak Asuransi                                               2. PSAK 117: Insurance Contracts
   PSAK 117 merupakan standar akuntansi baru                                   PSAK 117 is a comprehensive new accounting standard
   yang komprehensif, mencakup pengakuan dan                                   for insurance contracts covering recognition and
   pengukuran, penyajian, serta pengungkapan untuk                             measurement, presentation, and disclosure. PSAK
   kontrak asuransi. PSAK 117 menggantikan PSAK                                117 replaces PSAK 104: Insurance Contracts. PSAK 117
   104: Kontrak Asuransi dan berlaku untuk seluruh                             applies to all types of insurance contracts (i.e., life,
   jenis kontrak asuransi (jiwa, non-jiwa, langsung, dan                       non-life, direct insurance, and reinsurance), regardless
   reasuransi), tanpa memandang jenis entitas yang                             of the type of entities that issue them, as well as to
   menerbitkannya, serta berlaku pula untuk jenis                              certain guarantees and financial instruments with
   garansi tertentu dan instrumen keuangan dengan                              discretionary participation features. The amendments
   fitur partisipasi diskresioner. Amandemen ini tidak                         did not have any impact on the Company’s
   berdampak terhadap laporan keuangan konsolidasian                           consolidated financial statements.
   Perusahaan.




  Standar Akuntansi yang Telah Disahkan Namun Belum
Berlaku Efektif
Accounting Standards Issued but Not Yet Effective


Standar akuntansi baru dan amandemen standar                                The new and amended standards that have been issued
akuntansi yang telah diterbitkan sampai tanggal                             up to the date of issuance of the Company’s consolidated
penerbitan laporan keuangan konsolidasian Perusahaan                        financial statements, but are not yet effective, are disclosed
namun belum berlaku efektif diungkapkan berikut ini.                        below. Management intends to adopt these standards,
Manajemen bermaksud untuk menerapkan standar-                               which are considered relevant to the Company, when
standar tersebut yang dipertimbangkan relevan terhadap                      they become effective, and the impact on the Company’s
Perusahaan pada saat efektif, dan dampaknya terhadap                        consolidated financial position and performance is still
posisi dan kinerja keuangan konsolidasian Perusahaan                        being estimated as of December 31, 2025.
masih diestimasi pada tanggal 31 Desember 2025.

1.   Mulai Efektif Pada atau Setelah Tanggal 1 Januari                      1.   Effective Beginning on or After January 1, 2026
     2026
     a. Amandemen PSAK 109 dan PSAK 107: Klasifikasi                        a. Amendments to PSAK 109 and PSAK 107: Classification
        dan Pengukuran Instrumen Keuangan                                      and Measurement of Financial Instruments
        Amandemen        ini   mencakup      klarifikasi                       The amendments include a clarification that a
        bahwa suatu liabilitas keuangan dihentikan                             financial liability is derecognised on the settlement
        pengakuannya pada “tanggal penyelesaian” serta                         date and introduce an accounting policy choice (if
        memperkenalkan pilihan kebijakan akuntansi                             specific conditions are met) to derecognise financial
        (apabila kondisi tertentu terpenuhi) untuk                             liabilities settled through an electronic payment
        menghentikan pengakuan liabilitas keuangan                             system before the settlement date. In addition, further
        yang diselesaikan melalui sistem pembayaran                            guidance is provided on how the contractual cash



                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report       221
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        Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




             elektronik sebelum tanggal penyelesaian. Selain               flows of financial assets with Environmental, Social,
             itu, panduan ditambahkan mengenai penilaian                   and Governance (ESG) and similar features should be
             arus kas kontraktual untuk aset keuangan                      assessed. The amendments are effective for annual
             dengan fitur Lingkungan, Sosial, dan Tata Kelola              periods beginning on or after January 1, 2026, with
             (ESG) serta fitur serupa. Amandemen berlaku                   early adoption permitted only for the classification
             efektif untuk periode yang dimulai pada atau                  of financial assets and related disclosures. The
             setelah 1 Januari 2026, dengan penerapan dini                 Company does not anticipate that the amendments
             diperkenankan untuk klasifikasi aset keuangan                 will have a material effect on its consolidated financial
             dan pengungkapan terkait. Perusahaan tidak                    statements.
             memperkirakan amandemen tersebut akan
             berdampak material terhadap laporan keuangan
             konsolidasian.

         b. Amandemen PSAK 109 dan PSAK 107: Kontrak                    b. Amendments to PSAK 109 and PSAK 107: Contracts
            yang Mengacu pada Listrik Bergantung Alam                      Referencing Nature-dependent Electricity
            Amandemen ini mengklarifikasi penerapan                        The amendments clarify the application of the own-
            persyaratan own-use untuk kontrak dalam ruang                  use requirements for in-scope contracts, amend the
            lingkup, mengubah persyaratan penetapan atas                   designation requirements for hedged items in cash
            hal yang dilindungi dalam hubungan lindung                     flow hedging relationships, and add new disclosure
            nilai arus kas untuk kontrak tersebut, serta                   requirements to enable investors to understand the
            menambahkan pengungkapan baru agar investor                    effects of these contracts on a company’s financial
            memahami dampak kontrak terhadap kinerja                       performance and cash flows. The amendments will
            keuangan dan arus kas perusahaan. Amandemen                    be effective for annual reporting periods beginning
            berlaku efektif untuk periode yang dimulai pada                on or after January 1, 2026. The Company does not
            atau setelah 1 Januari 2026. Perusahaan tidak                  anticipate that the amendments will have a material
            memperkirakan amandemen tersebut akan                          effect on its consolidated financial statements.
            berdampak material terhadap laporan keuangan
            konsolidasian.

         c. PSAK 338: Kombinasi Bisnis Entitas Sepengendali             c. PSAK 338: Business Combinations under Common
            (Revisi 2025)                                                  Control (2025 Revision)
            Pada Oktober 2025, DSAK IAI mengesahkan                        In October 2025, DSAK IAI issued revisions to PSAK
            revisi atas PSAK 338: Kombinasi Bisnis Entitas                 338: Business Combinations under Common Control.
            Sepengendali. Revisi ini mencakup ruang lingkup                The revisions cover the scope and application of the
            dan penerapan metode penyatuan kepemilikan                     pooling of interests method and disposal in equity as
            (pooling of interests) dan pelepasan di ekuitas                the accounting concepts used in PSAK 338. The key
            (disposal in equity) sebagai konsep akuntansi                  changes include the exclusion of investment entities
            yang digunakan dalam PSAK 338. Perubahan                       from the scope of PSAK 338, as well as the addition
            utama mencakup pengecualian entitas investasi                  of definitions for transferred business, receiving entity,
            dari ruang lingkup PSAK 338, serta penambahan                  and transferring entity. The revision is effective on
            definisi bisnis alihan, entitas penerima, dan entitas          January 1, 2026, with early adoption permitted. The
            pengalih. Revisi ini berlaku efektif 1 Januari 2026            Company does not anticipate that the amendments
            dengan opsi penerapan dini. Perusahaan tidak                   will have a material effect on its consolidated financial
            memperkirakan amandemen tersebut akan                          statements.
            memberikan dampak material terhadap laporan
            keuangan konsolidasian.

         d. Penyesuaian Tahunan 2024                                    d. Annual Improvements of 2024
            DSAK IAI menerbitkan Penyesuaian Tahunan                       The DSAK IAI issued Annual Improvements 2024 to SAK
            2024 SAK Indonesia, yang mencakup klarifikasi,                 Indonesia, which include clarifications, simplifications,
            penyederhanaan, koreksi, atau perubahan untuk                  corrections, or changes to improve consistency in
            meningkatkan konsistensi dalam PSAK 107                        PSAK 107 Financial Instruments: Disclosures, PSAK
            Instrumen Keuangan: Pengungkapan, PSAK 109                     109 Financial Instruments, PSAK 110 Consolidated
            Instrumen Keuangan, PSAK 110 Laporan Keuangan                  Financial Statements, and PSAK 207 Statements of
            Konsolidasian, dan PSAK 207 Laporan Arus Kas.                  Cash Flows. The amendments will be effective for
            Amandemen tersebut akan berlaku efektif untuk                  reporting periods beginning on or after January 1,
            periode pelaporan yang dimulai pada atau setelah 1             2026. Earlier application is permitted and must be
            Januari 2026. Penerapan lebih awal diperkenankan               disclosed. The amendments are not expected to have




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




       dan harus diungkapkan. Amandemen ini tidak                            a material impact on the Company’s consolidated
       diharapkan berdampak material terhadap laporan                        financial statements.
       keuangan konsolidasian Perusahaan.

2. Mulai Efektif Pada atau Setelah Tanggal 1 Januari                     2. Effective Beginning on or After January 1, 2027
   2027
   a. PSAK 118: Penyajian dan Pengungkapan dalam                             a. PSAK 118: Presentation and Disclosure in Financial
      Laporan Keuangan                                                          Statements
      PSAK 118 akan menggantikan PSAK 201. Standar                              PSAK 118 will replace PSAK 201. This new standard
      baru ini memperkenalkan persyaratan baru terkait                          introduces updated presentation requirements
      penyajian dalam laporan laba rugi, termasuk total                         for the statement of profit or loss, including
      dan subtotal tertentu. Selain itu, entitas diwajibkan                     specific totals and subtotals. In addition, entities
      untuk mengklasifikasikan seluruh pendapatan                               are required to classify all income and expenses
      dan beban dalam laporan laba rugi ke dalam                                in the statement of profit or loss into one of five
      salah satu dari lima kategori: operasi, investasi,                        categories: operating, investing, financing, income
      pendanaan, pajak penghasilan, dan operasi yang                            taxes, and discontinued operations.
      dihentikan.

       PSAK 118 berlaku efektif untuk periode pelaporan                          PSAK 118 is effective for reporting periods
       yang dimulai pada atau setelah 1 Januari 2027,                            beginning on or after January 1, 2027, with
       dengan penerapan dini diperkenankan dan harus                             early application permitted and required to be
       diungkapkan. PSAK 118 akan diterapkan secara                              disclosed. PSAK 118 will be applied retrospectively.
       retrospektif. Perusahaan sedang mengidentifikasi                          The Company is currently identifying all impacts
       seluruh dampak yang akan timbul terhadap                                  that the amendments will have on the primary
       laporan keuangan utama dan catatan atas laporan                           financial statements and notes to the consolidated
       keuangan konsolidasian terkait implementasi                               financial statements.
       amandemen.

   b. PSAK 119: Entitas Anak Tanpa Akuntabilitas Publik                      b. PSAK       119:  Subsidiaries    without   Public
      – Pengungkapan                                                            Accountability – Disclosures
      Standar baru ini memungkinkan entitas yang                                The new standard allows eligible entities to elect
      memenuhi syarat untuk memilih pengungkapan                                to apply reduced disclosure requirements while
      yang lebih singkat, namun tetap menerapkan                                still applying the recognition, measurement, and
      persyaratan     pengakuan,    pengukuran,    dan                          presentation requirements in other accounting
      penyajian dalam standar akuntansi lainnya. PSAK                           standards. PSAK 119 will become effective for
      119 akan berlaku efektif untuk periode pelaporan                          reporting periods beginning on or after January
      yang dimulai pada atau setelah 1 Januari                                  1, 2027, with early application permitted. The
      2027, dengan penerapan dini diperkenankan.                                Company anticipates that the new standard will
      Perusahaan      memperkirakan     standar   baru                          not have a material effect on its consolidated
      tersebut tidak akan memberikan dampak material                            financial statements.
      terhadap laporan keuangan konsolidasian.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report     223
Page 224
              05                Tata Kelola Perusahaan
                                Corporate Governance


              Kerangka dan Struktur Tata Kelola              Audit Eksternal
              Governance Framework and Structure       226   External Audit                         381

              Penilaian Penerapan Tata Kelola                Sistem Pengendalian Internal
              Perusahaan yang Baik                           Internal Controlling System            382
              Assessment of Good Corporate
              Governance Implementation                229   Sistem Manajemen Risiko
                                                             Risk Management System                 390
              Rapat Umum Pemegang Saham
              General Meeting of Shareholders          232   Kode Etik
                                                             Code of Conduct                        397
              Informasi Pemegang Saham
              Shareholders Information                 243   Kebijakan Antikorupsi dan
                                                             Antigratifikasi
              Dewan Komisaris                                Anti-Corruption and
              Board of Commissioners                   251   Anti-Gratification Policy              402

              Komite Dewan Komisaris                         Laporan Harta Kekayaan
              Committees of the                              Penyelenggara Negara (LHKPN)
              Board of Commissioners                   281   State Officials’ Wealth Reports (LHKPN) 409

              Komite Audit                                   Sistem Pelaporan Pelanggaran
              Audit Committee                          281   Whistleblowing System                  410

              Komite Pemantau Manajemen Risiko               Perkara Hukum dan Sanksi
              dan Tata Kelola Terintegrasi                   Administratif
              Risk Management and Integrated                 Legal Cases and Administrative
              Governance Oversight Committee   298           Sanctions                              418

              Komite Nominasi dan Remunerasi                 Akses Informasi Kepada Publik
              Nomination and Remuneration                    Information Access to Public           422
              Committee                                313
                                                             Penerapan Pedoman Tata Kelola
              Direksi                                        Perusahaan (Berdasarkan SEOJK
              Board of Directors                       327   No.32/SEOJK.04/2015)
                                                             Implementation of Corporate Governance
              Kebijakan Remunerasi Dewan                     Guidelines (Based on Provision of SEOJK
              Komisaris dan Direksi                          No.32/SEOJK.04/2015)                    424
              Remuneration Policy of the Board of
              Commissioners and the Board                    Indikator/Parameter Penilaian
              of Directors                             354   dan Evaluasi atas Penerapan Tata
                                                             Kelola Perusahaan yang Baik pada
              Sekretaris Perusahaan                          Badan Usaha Milik Negara
              Corporate Secretary                      356   Indicators/Parameters for Assessment
                                                             and Evaluation of the Implementation
              Unit Internal Audit                            of Good Corporate Governance
              Internal Audit Unit                      360   in State-Owned Enterprises             430




224   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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PT Angkasa Pura Indonesia 2025 Annual Report   225
Page 226
        Ikhtisar 2025          Laporan Manajemen          Tentang Perusahaan       Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights        Management Report          About the Company        Management Discussion and Analysis      Corporate Governance




      KERANGKA DAN STRUKTUR TATA KELOLA
      GOVERNANCE FRAMEWORK AND STRUCTURE



          Dasar Kebijakan Penerapan GCG
      Basis for GCG Implementation Policy

      Dalam menerapkan tata kelola perusahaan yang baik                        In implementing Good Corporate Governance (GCG), PT
      atau Good Corporate Governance (GCG), PT Angkasa                         Angkasa Pura Indonesia refers to universal GCG principles,
      Pura Indonesia mengacu pada prinsip GCG universal,                       the ASEAN Corporate Governance Scorecard (ACGS), the
      ASEAN Corporate Governance Scorecard (ACGS),                             Regulation of the Minister of State-Owned Enterprises
      Peraturan Menteri Badan Usaha Milik Negara Nomor                         Number PER-2/MBU/03/2023 concerning Guidelines
      PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                        for Governance and Significant Activities of State-
      Kegiatan Signifikan Badan Usaha Milik Negara, Surat                      Owned Enterprises, the Circular Letter of the Financial
      Edaran Otoritas Jasa Keuangan Nomor 32/SEOJK.04/2015                     Services Authority Number 32/SEOJK.04/2015 concerning
      tentang Tata Kelola Perusahaan Terbuka, dan Keputusan                    Governance of Public Companies, and the Decree of the
      Sekretaris Kementerian Badan Usaha Milik Negara Nomor                    Secretary of the Ministry of State-Owned Enterprises Number
      SK-16/S.MBU/2012 tentang Indikator/Parameter Penilaian                   SK-16/S.MBU/2012 concerning Indicators/Parameters for
      dan Evaluasi atas Penerapan Tata Kelola Perusahaan                       Assessment and Evaluation of Good Corporate Governance
      yang Baik pada Badan Usaha Milik Negara.                                 Implementation in State-Owned Enterprises.

      PT Angkasa Pura Indonesia memiliki Pedoman Tata                          PT Angkasa Pura Indonesia has a Code of Corporate
      Kelola Perusahaan (Code of Corporate Governance) yang                    Governance that explains the working relationships
      menjelaskan mekanisme hubungan kerja organ utama                         between the Company’s main organs, namely the General
      Perusahaan, yaitu RUPS, Direksi, dan Dewan Komisaris                     Meeting of Shareholders, the Board of Directors, and the
      serta pegawai di lingkungan Perusahaan dalam                             Board of Commissioners, as well as employees within
      melaksanakan tugas sebagai upaya untuk mewujudkan                        the Company in carrying out their duties as an effort to
      sistem pengelolaan perusahaan yang profesional,                          realize a professional, transparent, and efficient corporate
      transparan, dan efisien.                                                 management system.



                                                        Kerangka Penerapan GCG
                                                       GCG Implementation Framework



                          Organ Utama                           Organ Penunjang                                Infrastruktur
                           Main Organ                           Supporting Organ                               Infrastructure



                                                               Proses Tata Kelola
                                                               Governance Process




                 Komitmen Terhadap                Pemegang              Tanggung Jawab             Tanggung             Pengungkapan
                Penerapan Tata Kelola          Saham dan RUPS/          Dewan Komisaris          Jawab Direksi           Informasi dan
                Perusahaan yang Baik             Pemilik Modal           Responsibilities       Responsibilities          Transparansi
                Secara Berkelanjutan                Shareholders         of the Board of         of the Board            Information
             Commitment to Sustainable             and GMS/Capital       Commissioners           of Directors           Disclosure and
              Implementation of Good                   Owners                                                           Transparency
               Corporate Governance




226   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Untuk meningkatkan GCG, PT Angkasa Pura Indonesia                        To strengthen GCG, PT Angkasa Pura Indonesia reinforces
memperkuat kebijakan, struktur tata kelola, serta                        its policies, governance structure, and conducts
melakukan penilaian (assessment) terhadap penerapan                      assessments of GCG implementation. The policies
GCG. Kebijakan dan pedoman yang mengatur perilaku,                       and guidelines governing the behavior, functions, and
fungsi, dan tugas seluruh organ tata kelola dalam                        responsibilities of all governance organs within the
melaksanakan GCG di internal perusahaan, di antaranya:                   Company in carrying out GCG include:

y Pedoman Tata Kelola Perusahaan                                         y Code of Corporate Governance
y Pedoman Perilaku dan Etika Perusahaan                                  y Code of Conduct and Business Ethics
y Pedoman Tata Laksana Kerja Dewan Komisaris dan                         y Board of Commissioners and Board of Directors Work
  Direksi                                                                  Procedures Guidelines
y Piagam Komite Audit                                                    y Audit Committee Charter
y Piagam Komite Manajemen Risiko Usaha dan Good of                       y Risk Management and Good Corporate Governance
  Corporate Governance (GCG)                                               (GCG) Committee Charter
y Piagam Internal Audit                                                  y Internal Audit Charter
y Piagam Komite Nominasi dan Remunerasi                                  y Nomination and Remuneration Committee Charter
y Pedoman Pengendalian Gratifikasi                                       y Gratification Control Guideline
y Pedoman Sistem Pelaporan Pelanggaran                                   y Whistleblowing System Guidelines
y Pedoman Sistem Manajemen Anti Penyuapan                                y Anti-Bribery Management System Guidelines
y Pedoman Manajemen Risiko                                               y Risk Management Guidelines
y Pedoman Tata Kelola Teknologi Informasi                                y Information Technology Governance Guidelines
y Pedoman Kepatuhan                                                      y Compliance Guidelines
y Pedoman Laporan Harta Kekayaan Penyelenggara                           y Guidelines for State Official Wealth Report (LHKPN)
  Negara (LHKPN)
y Kebijakan-kebijakan lainnya dan prosedur baku (SOP)                    y Other corporate policies and standard operating
  Perusahaan                                                               procedures (SOPs)




    Struktur dan Mekanisme Tata Kelola
Governance Structure and Mechanism

Struktur GCG terdiri dari organ utama dan organ                          The GCG structure consists of main organs and supporting
penunjang beserta infrastruktur di dalamnya yang                         organs along with the infrastructure within them that
mendukung efektivitas penerapan GCG. Secara garis                        support the effective implementation of GCG. In general,
besar, struktur GCG PT Angkasa Pura Indonesia mengacu                    the GCG structure of PT Angkasa Pura Indonesia refers
pada Undang-Undang Nomor 40 Tahun 2007 tentang                           to Law Number 40 of 2007 concerning Limited Liability
Perseroan Terbatas, yang terdiri dari:                                   Companies, which consists of:
1. Rapat Umum Pemegang Saham (RUPS) sebagai                              1. The General Meeting of Shareholders (GMS) as the
   organ tertinggi Perusahaan;                                              highest organ of the Company;
2. Dewan Komisaris yang bertindak atas nama                              2. The Board of Commissioners, which acts on behalf of
   pemegang saham, berwenang untuk mengawasi dan                            the shareholders and is authorized to supervise and
   memantau kinerja Direksi; dan                                            monitor the performance of the Board of Directors;
                                                                            and
3. Direksi selaku pemimpin antara lain memiliki                          3. The Board of Directors, as the Company’s leadership,
   tanggung jawab dalam memimpin Perusahaan,                                is responsible for leading the Company, managing
   mengelola karyawan, dan melaporkan kinerja                               employees, and reporting the Company’s performance
   Perusahaan kepada pemegang saham dalam RUPS.                             to the shareholders at the GMS.

Mekanisme penerapan GCG dilaksanakan dan didukung                        The implementation of GCG is carried out and supported
oleh berbagai organ mencakup Dewan Komisaris, Direksi,                   by various organs, including the Board of Commissioners,
Sekretaris Perusahaan, Sekretaris Dewan Komisaris,                       the Board of Directors, Corporate Secretary, Secretary of the
Komite Audit, Komite Risiko Usaha dan Good of Corporate                  Board of Commissioners, the Audit Committee, the Business
Governance, Komite Nominasi dan Remunerasi, Internal                     Risk and Good Corporate Governance Committee, the
Audit Unit, Governance and Risk Management Unit,                         Nomination and Remuneration Committee, Internal Audit
Corporate Strategy and Performance Unit, Legal Aid and                   Unit, Governance and Risk Management Unit, Corporate
Institutional Relation Unit, Legal and Compliance Unit,                  Strategy and Performance Unit, Legal Aid and Institutional
Human Capital Management Unit serta seluruh unit kerja                   Relations Unit, Legal and Compliance Unit, Human Capital
dan karyawan.                                                            Management Unit, as well as all work units and employees.


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        Ikhtisar 2025       Laporan Manajemen          Tentang Perusahaan        Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report          About the Company         Management Discussion and Analysis     Corporate Governance




      Semua organ tata kelola wajib menjalankan prinsip-                    All governance bodies are required to adhere to the
      prinsip, kebijakan internal, maupun pedoman sebagai                   principles, internal policies, and guidelines as a reference in
      acuan dalam melaksanakan GCG.                                         implementing GCG.




        Penerapan Aspek dan Prinsip Tata Kelola Perusahaan
      Sesuai Ketentuan Otoritas Jasa Keuangan
      Implementation of Corporate Governance Aspects and Principles in Accordance
      with Financial Services Authority Regulations


      Untuk meningkatkan tata kelola perusahaan agar                        To improve corporate governance, PT Angkasa Pura
      semakin baik, PT Angkasa Pura Indonesia telah                         Indonesia has implemented eight corporate governance
      menerapkan delapan prinsip pengelolaan perusahaan                     principles in accordance with the Guidelines for Corporate
      sesuai Pedoman Tata Kelola Perusahaan Terbuka                         Governance of Public Companies based on Financial
      berdasarkan Peraturan Otoritas Jasa Keuangan (OJK)                    Services Authority (OJK) Regulation No. 21/POJK.04/2015
      No. 21/POJK.04/2015 tentang Penerapan Pedoman Tata                    concerning the Implementation of Guidelines for Corporate
      Kelola Perusahaan Terbuka sebagai berikut:                            Governance of Public Companies, as follows:



           Prinsip                   Rekomendasi                                    Implementasi                             Status
          Principle                Recommendation                                 Implementation

      Keterbukaan         Memberikan informasi relevan,             Melalui situs web                                 Patuh
      Transparency        material, akurat, dan tepat waktu.        injourneyairports.id dan portal OJK.              Comply
                          Provide relevant, material,               Via the corporate website
                          accurate, and timely information.         injourneyairports.id and OJK portal.

      Akuntabilitas       Tanggung jawab atas kinerja               Prosedur teknis pemungutan                        Patuh
      Accountability      kepada pemegang saham.                    suara RUPS yang independen.                       Comply
                          Responsibility for performance            Technical GMS voting procedures
                          to shareholders.                          prioritizing independence.

      Tanggung            Tanggung jawab atas dampak                Adopsi sistem manajemen                           Patuh
      Jawab               operasional (Sosial & Lingkungan).        mutu, lingkungan, anti-                           Comply
      Responsibility      Responsibility for operational            korupsi, dan program CSR.
                          impacts (Social & Environment).           Adoption of quality, environment,
                                                                    anti-corruption systems, and CSR.

      Independensi        Bebas dari intervensi atau                Menjalankan tugas sesuai                          Patuh
      Independence        pengaruh tidak wajar.                     UU Perseroan Terbatas.                            Comply
                          Free from intervention                    Executing duties in accordance with
                          or undue influence.                       the Limited Liability Company Law.

      Kewajaran           Perlakuan adil kepada seluruh             Penandatanganan pernyataan kepatuhan              Patuh
      Fairness            pemangku kepentingan.                     Code of Conduct setiap tahun.                     Comply
                          Fair treatment for all stakeholders.      Annual signing of Code of Conduct
                                                                    compliance statements.

      Keadilan            Memastikan tidak ada                      Mekanisme RUPS dan pengawasan                     Patuh
      Equality            diskriminasi pemegang saham.              Dewan Komisaris.                                  Comply
                          Ensure no discrimination                  GMS mechanisms and Board of
                          among shareholders.                       Commissioners oversight.

      Efisiensi           Mengelola sumber daya secara              Penggunaan profil risiko dan                      Patuh
      Efficiency          hemat dan tepat guna.                     pendekatan manajemen risiko.                      Comply
                          Managing resources in a lean              Use of risk profiles and risk
                          and effective manner.                     management approaches.

      Efektivitas         Strategi tepat untuk mencapai             Penetapan Visi, Misi melalui RJP & RKAP           Patuh
      Effectiveness       tujuan Perusahaan.                        serta pengawasan audit internal.                  Comply
                          Effective strategies to achieve           Setting Vision/Mission via Long-Term
                          the Company’s goals.                      Plans (RJP) & Budgets (RKAP).




228   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




PENILAIAN PENERAPAN TATA KELOLA
PERUSAHAAN YANG BAIK
ASSESSMENT OF GOOD CORPORATE GOVERNANCE IMPLEMENTATION


     Kriteria Penilaian
Assessment Criteria

Indikator penilaian GCG Assessment menggunakan                           The GCG Assessment indicators use parameters from
parameter dari BPKP (Badan Pengawasan Keuangan dan                       FDSA (the Financial and Development Supervisory
Pembangunan), yang merupakan adopsi dari Keputusan                       Agency), which are adopted from the Decree of the
Sekretaris Kementerian BUMN Nomor SK-16/S.MBU/2012                       Secretary of the Ministry of State-Owned Enterprises
tanggal 6 Juni 2012 tentang Indikator/Parameter Penilaian                Number SK-16/S.MBU/2012 dated June 6, 2012, concerning
dan Evaluasi atas Penerapan Tata Kelola Perusahaan yang                  Indicators/Parameters    for   the    Assessment    and
Baik (Good Corporate Governance) pada BUMN. Kriteria                     Evaluation of the Implementations of Good Corporate
tersebut antara lain: komitmen terhadap penerapan                        Governance in SOEs. These criteria include: commitment
tata kelola perusahaan yang baik secara berkelanjutan;                   to the sustainable implementation of good corporate
Pemegang Saham dan RUPS/Pemilik Modal; Dewan                             governance; Shareholders and the GMS/Capital Owners;
Komisaris/Dewan Pengawas; Direksi; Pengungkapan                          Board of Commissioners/Supervisory Board; Board of
informasi dan transparansi; serta aspek lainnya.                         Directors; Information disclosure and transparency; and
                                                                         other relevant aspects.



     Pihak yang Melakukan Penilaian
Assessing Authorities

Berdasarkan Pasal 44 ayat (1) Peraturan Menteri Badan                    Based on Article 44 paragraph (1) of the Regulation of
Usaha Milik Negara Nomor PER-02/MBU/03/2023                              the Minister of State-Owned Enterprises Number PER-
tentang Pedoman Tata Kelola dan Kegiatan Korporasi                       02/MBU/03/2023 concerning Guidelines for Corporate
Signifikan Badan Usaha Milik Negara, kewajiban BUMN                      Governance and Activities of Significant State-Owned
untuk melakukan penilaian (assessment) penerapan                         Enterprises, the obligation of SOEs to conduct an
GCG adalah berkala setiap dua tahun, dan evaluasi                        assessment of the implementation of GCG is periodic
(review) dilakukan pada tahun berikutnya yang meliputi                   every two years, and an evaluation is carried out in the
evaluasi terhadap hasil penilaian dan tindak lanjut atas                 following year, which includes an evaluation of the
rekomendasi perbaikan.                                                   assessment results and follow-up on recommendations
                                                                         for improvement.

Penilaian GCG dilakukan secara mandiri (self-assessment)                 GCG assessments are conducted either through self-
maupun secara independen oleh penilai eksternal secara                   assessment or independent assessment by an external
bergantian setiap tahun. Pada tahun 2024, penilaian                      evaluator, alternating annually. In 2024, the GCG
GCG PT Angkasa Pura Indonesia dilakukan oleh pihak                       assessment for PT Angkasa Pura Indonesia was conducted
eksternal, yaitu BPKP, sebuah Lembaga Pemerintah Non                     by an external party, the FDSA, a Non-Ministerial
Kementerian (LPNK)adi Indonesia yang bertanggung                         Government Institutions (LPNK) in Indonesia responsible
jawab dalam pengawasan keuangan dan pembangunan.                         for financial and development oversight. FDSA functions
Fungsi BPKP meliputi audit, konsultasi, asistensi, evaluasi,             include audit, consultation, assistance, evaluation, anti-
pemberantasan KKN, serta pendidikan dan pelatihan                        corruption initiatives, and training related to governance
pengawasan setelah penilaian tahun sebelumnya                            and oversight. The previous year’s assessment was
dilakukan secara mandiri.                                                conducted internally through self-assessment.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   229
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        Ikhtisar 2025            Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights          Management Report       About the Company         Management Discussion and Analysis        Corporate Governance




            Hasil Penilaian
      Assessment Results

      Penilaian terhadap penerapan Tata Kelola Perusahaan                     The assessment of Good Corporate Governance (GCG)
      yang Baik (GCG) Periode Tahun Buku 2024 yang                            implementation for the 2024 fiscal year period that was
      dipublikasikan pada tahun 2025 oleh BPKP menghasilkan                   published in 2025 by FDSA, resulted in a score of 84.780%
      skor sebesar 84,780% (Predikat Baik). PT Angkasa Pura                   (categorized as Good). PT Angkasa Pura Indonesia
      Indonesia senantiasa terus meningkatkan penerapan GCG                   continuously strives to improve the implementation of
      setiap tahunnya. Hasil penilaian tersebut menunjukkan                   GCG each year. The assessment result reflects a positive
      penilaian yang baik atas penerapan GCG di Perusahaan.                   evaluation of the Company’s GCG practices.



       No                                    Kriteria                                    Bobot              Capaian                 Predikat
                                             Criteria                                   Scoring          Achievement                 Rating

        1     Komitmen Terhadap Penerapan Tata Kelola                                    7,000               6,696%                Sangat Baik
              Perusahaan yang Baik Secara Berkelanjutan                                                                             Excellent
              Commitment to the Sustainable Implementation
              of Good Corporate Governance

        2     Pemegang Saham dan RUPS/Pemilik Modal                                      9,000               8,308%                Sangat Baik
              Shareholders and the GMS/Capital Owners                                                                               Excellent

        3     Dewan Komisaris                                                            35,000              31,201%               Sangat Baik
              Board of Commissioners                                                                                                Excellent

        4     Direksi                                                                    35,000             30,836%                Sangat Baik
              Board of Directors                                                                                                    Excellent

        5     Pengungkapan Informasi dan Transparansi                                    9,000               7,739%                Sangat Baik
              Information Disclosure and Transparency                                                                               Excellent

        6     Aspek Lainnya                                                              5,000                  -                       _
              Other Aspects

              Skor Keseluruhan                                                          100,000             84,780%                  Baik
              Overall Score                                                                                                          Good



                                                                         Skor                                           Predikat
                                                                        Score                                           Rating
             Kualitas
             Penerapan GCG
                                                                      85,01-100                              Sangat Baik / Excellent
             Quality of GCG
             Implementation                                          70,01-85,00                                    Baik / Good

                                                                     55,01-70,00                                    Cukup / Fair



                                        Nilai GCG PT Angkasa Pura Indonesia (2020-2024)
                                          GCG Score of PT Angkasa Pura Indonesia (2020-2024)


            Tahun                                       Asesor                                              Skor                   Predikat
            Year                                        Assessor                                           Score                   Predicate

      2024                BPKP                                                                            84,780            Baik
                          FDSA                                                                                              Good

      2023                Asesmen Mandiri (PT Angkasa Pura Indonesia)                                       82,60           Baik
                          Self-Assessment (PT Angkasa Pura Indonesia)                                                       Good

      2022                Asesmen Mandiri (AP II)                                                          90,40            Sangat Baik
                          Self-Assessment (AP II)                                                                           Excellent

      2021                BPKP                                                                              89,97           Sangat Baik
                          FDSA                                                                                              Excellent

      2020                Asesmen Mandiri                                                                   90,36           Sangat Baik
                          Self-Assessment                                                                                   Excellent



230   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




    Rekomendasi dan Tindak Lanjut
Recommendations and Follow-Ups


Rekomendasi atas penilaian penerapan GCG Tahun                           The recommendations from the 2024 assessment
2024 mencakup 57 area yang perlu ditingkatkan dan                        of GCG implementation cover 57 areas requiring
ditindaklanjuti. Pada tahun 2025, 57 area tersebut                       improvement and follow-up. By 2025, these 57 areas had
sudah ditindaklanjuti dan telah di-review oleh BPKP                      been addressed and reviewed by the BPKP, and were
serta disahkan melalui Surat Direktur Pengawasan                         approved via a letter from the Director of Supervision of
Badan Usaha Konektivitas dan Pariwisata BPKP No.                         the BPKP’s Enterprise, Connectivity, and Tourism Agency,
PE.12.03/S-254/D502/3/2025 tanggal 16 Desember 2025                      No.PE.12.03/S-254/D502/3/2025 dated December 16, 2025
Perihal Laporan Monitoring Tindak Lanjut Penilaian                       Regarding the Follow-Up Monitoring Report on the RMI
RMI dan GCG Tahun Buku 2024 pada PT Angkasa Pura                         and GCG Assessment for Fiscal Year 2024 at PT Angkasa
Indonesia.                                                               Pura Indonesia.

Saat ini, penilaian penerapan GCG tahun buku 2025 di PT                  Currently, the assessment of Good Corporate Governance
Angkasa Pura Indonesia dilakukan secara self-assessment                  (GCG) implementation for the 2025 fiscal year at PT
dengan quality assurance oleh BPKP, sebagaimana                          Angkasa Pura Indonesia is conducted through a self-
arahan dari Pemegang Saham melalui Surat Direktur                        assessment process with quality assurance provided
Keuangan dan Manajemen Risiko PT Aviasi Pariwisata                       by the State Audit Agency (BPKP), in accordance with
Indonesia (Persero) Nomor INJ.15/16.04/06.02/2026/                       the shareholders’ directive as outlined in the letter from
DF-B tanggal 6 Februari 2026 perihal pelaksanaan self                    the Director of Finance and Risk Management of PT
assessment Good Corporate Governance dan Penilaian                       Aviasi Pariwisata Indonesia (Persero), No. INJ.15/16.04/06.
Indeks Kematangan Risiko.                                                02/2026/DF-B dated February 6, 2026, regarding the
                                                                         implementation of the Good Corporate Governance self-
                                                                         assessment and the Risk Maturity Index Assessment.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report    231
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        Ikhtisar 2025           Laporan Manajemen   Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights         Management Report   About the Company        Management Discussion and Analysis   Corporate Governance




      RAPAT UMUM PEMEGANG SAHAM (RUPS)
      GENERAL MEETING OF SHAREHOLDERS (GMS)


      Pada struktur tata Kelola Perusahaan, Rapat Umum                   Within the Company’s governance structure, the
      Pemegang Saham (RUPS) merupakan organ tertinggi                    General Meeting of Shareholders (GMS) serves as the
      yang memiliki wewenang untuk menentukan keputusan                  highest governing body with the authority to make
      terkait kegiatan operasional dan keberlangsungan bisnis.           decisions related to operational activities and business
      Perusahaan menyelenggarakan RUPS sesuai ketentuan                  sustainability. The Company convenes GMS in accordance
      Undang-Undang Perseroan Terbatas No 40/2007 yang                   with the provisions of Law No. 40 of 2007 concerning
      terdiri dari:                                                      Limited Liability Companies, which consists of:
      1. RUPS Pembahasan Rencana Kerja dan Anggaran                      1. GMS for the Discussion of the Corporate Work Plan
          Perusahaan (RUPS RKAP);                                           and Budget (WPB GMS);
      2. RUPS Persetujuan Laporan Tahunan dan Pengesahan                 2. GMS for the Approval of the Annual Report and
          Laporan Keuangan Perusahaan (RUPS LPT); serta                     Ratification of the Company’s Financial Statements
                                                                            (AGMS); and
      3. Rapat Umum Pemegang Saham Luar Biasa (RUPSLB)                   3. Extraordinary General Meeting of Shareholders
         jika diperlukan.                                                   (EGMS), if required.

      Perusahaan juga dapat menyelenggarakan RUPS secara                 The Company may also convene GMS either physically
      fisik (dengan pertemuan tatap muka) atau secara sirkuler.          (through face-to-face meetings) or by circular resolution.
      Keputusan sirkuler adalah pengambilan keputusan di                 A circular resolution refers to decision-making outside a
      luar RUPS dengan cara mengedarkan keputusan secara                 GMS conducted through written circulation and approved
      tertulis dan disetujui oleh semua pemegang saham.                  by all shareholders.



      Mekanisme Pengambilan Keputusan                                    Decision Making Mechanism

      RUPS dinyatakan sah dan berwenang mengambil                        The GMS is deemed valid and authorized to adopt
      keputusan yang mengikat setelah memenuhi ketentuan                 binding resolutions upon fulfilling the requirements
      Anggaran Dasar Perseroan, dengan keputusan diambil                 stipulated in the Company’s Articles of Association, with
      melalui proses pembahasan yang diawali pemaparan oleh              decisions made through a deliberation process initiated
      Direksi, tanggapan dari Dewan Komisaris, serta diskusi             by presentations from the Board of Directors, followed
      bersama Pemegang Saham atas setiap agenda yang                     by responses from the Board of Commissioners, and
      diajukan, dan seluruh keputusan tersebut selanjutnya               discussions with Shareholders on each proposed agenda,
      dituangkan dalam Risalah RUPS yang ditandatangani                  and all such resolutions are subsequently documented
      secara sirkuler sebagai bentuk pengesahan.                         in the Minutes of Meeting, which are signed on a circular
                                                                         basis as a form of formalization.




          RUPS RKAP 2025
      2025 WPB GMS

       Tanggal       Kamis, 30 Januari 2025                       Alamat        Mandalika Meeting Room
       Date          Thursday, January 30, 2025                   Address       PT Aviasi Pariwisata Indonesia (Persero) Office
                                                                                Sarinah Building 14th Floor
       Waktu         11.00 WIB                                                  Jl. M.H. Thamrin No. 11
       Time          11.00 AM                                                   Jakarta Pusat 10350


       Jumlah Pemegang Saham                        2             Persentase Pemegang Saham                                 100%
       Number of Shareholders                                     Percentage of Shareholders




232   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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 Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




Kehadiran                 Kuasa Pemegang Saham:
Dewan Komisaris           y Ibu Maya Carolina Watono – Direktur Utama PT Aviasi Pariwisata Indonesia (Persero)
dan Direksi               y Bapak Herdy Rosadi Harman – Direktur SDM dan Digital PT Aviasi Pariwisata Indonesia (Persero)
Board of                  y Bapak Yudi Rizky Ardie – Direktur Keuangan & Manajemen Risiko PT Aviasi Pariwisata Indonesia
Commissioners               (Persero)
and Directors
Presence                  Dewan Komisaris:
                          y Bapak Novie Riyanto Rahardjo – Komisaris Utama
                          y Bapak Djamaluddin – Komisaris Independen
                          y Bapak Achmad Syahreza – Komisaris Independen
                          y Bapak Abdul Muis – Komisaris Independen
                          y Bapak Satya Bhakti Parikesit – Komisaris
                          y Bapak Cahyo Rahadian Muzhar – Komisaris
                          y Bapak Erwan Agus Purwanto – Komisaris
                          y Bapak Irfan Wahid – Komisaris

                          Direksi:
                          y Bapak Faik Fahmi – Direktur Utama
                          y Bapak Ferry Kusnowo – Direktur Strategi dan Pengembangan Teknologi
                          y Bapak Muhammad Rizal Pahlevi – Direktur Komersial
                          y Bapak Muhammad Suriawan Wakan – Direktur Teknik dan Pejabat Pengganti Sementara (Pgs)
                            Direktur Operasi
                          y Bapak Yanindya Bayu Wirawan – Direktur Keuangan & PLT Direktur Manajemen Risiko
                          y Bapak Achmad Syahir – Direktur Human Capital


                          Shareholder Representatives:
                          y Ms. Maya Carolina Watono – President Director of PT Aviasi Pariwisata Indonesia (Persero)
                          y Mr. Herdy Rosadi Harman – Director of Human Resources and Digital of PT Aviasi Pariwisata
                            Indonesia (Persero)
                          y Mr. Yudi Rizky Ardie – Director of Finance & Risk Management of PT Aviasi Pariwisata Indonesia
                            (Persero)

                          Board of Commissioners:
                          y Mr. Novie Riyanto Rahardjo – President Commissioner
                          y Mr. Djamaluddin – Independent Commissioner
                          y Mr. Achmad Syahreza – Independent Commissioner
                          y Mr. Abdul Muis – Independent Commissioner
                          y Mr. Satya Bhakti Parikesit – Commissioner
                          y Mr. Cahyo Rahadian Muzhar – Commissioner
                          y Mr. Erwan Agus Purwanto – Commissioner
                          y Mr. Irfan Wahid – Commissioner

                          Board of Directors:
                          y Mr. Faik Fahmi – President Director
                          y Mr. Ferry Kusnowo – Director of Strategy and Technology Development
                          y Mr. Muhammad Rizal Pahlevi – Commercial Director
                          y Mr. Muhammad Suriawan Wakan – Director of Engineering and Acting Director of Operations
                          y Mr. Yanindya Bayu Wirawan – Director of Finance & Acting Director of Risk Management
                          y Mr. Achmad Syahir – Director of Human Capital



              Agenda Rapat                                   Keputusan Rapat                                Tindak Lanjut
            Meeting Agenda                                   Meeting Decision                                Follow Ups

Agenda Pertama
First Agenda

Pengesahan Rencana Kerja                          Mengesahkan Rencana Kerja                     Perusahaan telah melaksanakan
dan Anggaran Perusahaan                           dan Anggaran Perusahaan                       pengurusan perusahaan sesuai
(RKAP) Tahun 2025 termasuk                        (RKAP) Tahun 2025 termasuk                    dengan Rencana Kerja dan Anggaran
Rencana Kerja dan Anggaran                        Rencana Kerja dan Anggaran                    Perusahaan (RKAP) Tahun 2025
Dewan Komisaris Tahun 2025.                       Dewan Komisaris Tahun 2025.                   yang telah disahkan RUPS.
Approval of the Company’s Work                    Approved the Company’s Work                   The Company had managed its
Plan and Budget (RKAP) for Fiscal                 Plan and Budget (RKAP) for Fiscal             operations in accordance with the
Year 2025, including the Work                     Year 2025, including the Work                 approved RKAP for Fiscal Year 2025.
Plan and Budget of the Board of                   Plan and Budget of the Board of
Commissioners for Fiscal Year 2025.               Commissioners for Fiscal Year 2025.           Status: Sudah terealisasi
                                                                                                Status: Fully realized




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   233
Page 234
        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan     Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company      Management Discussion and Analysis     Corporate Governance




                     Agenda Rapat                          Keputusan Rapat                               Tindak Lanjut
                   Meeting Agenda                         Meeting Decision                                 Follow Ups

       Agenda Kedua
       Second Agenda

       Pengesahan Rencana Kerja dan             Mengesahkan Rencana Kerja dan              Perusahaan telah melaksanakan
       Anggaran Program Tanggung                Anggaran Program Tanggung                  program tanggung jawab sosial
       Jawab Sosial dan Lingkungan              Jawab Sosial dan Lingkungan                dan lingkungan sesuai dengan
       (RKA-TJSL) Tahun 2025.                   (RKA-TJSL) Tahun 2025.                     Rencana Kerja dan Anggaran
                                                                                           Program Tanggung Jawab Sosial
       Approval of the Work                     Approved the Work Plan and Budget
                                                                                           dan Lingkungan (RKA-TJSL) Tahun
       Plan and Budget for the                  for the Social and Environmental
                                                                                           2025 yang telah disahkan RUPS.
       Social and Environmental                 Responsibility Program (RKA-
       Responsibility Program (RKA-             TJSL) for Fiscal Year 2025.                The Company had implemented
       TJSL) for Fiscal Year 2025.                                                         its social and environmental
                                                                                           responsibility programs in
                                                                                           accordance with the approved
                                                                                           RKA-TJSL for Fiscal Year 2025.

                                                                                           Status: Sudah terealisasi
                                                                                           Status: Fully realized

       Agenda Ketiga
       Third Agenda

       Penetapan Kontrak Manajemen              Menetapkan Kontrak Manajemen               Direksi dan Dewan Komisaris telah
       Tahunan yang memuat target               Tahunan yang memuat target                 melaksanakan pengurusan dan
       Key Performance Indicators               Key Performance Indicators                 pengawasan perusahaan sesuai
       (KPI) Direksi secara kolegial dan        (KPI) Direksi secara kolegial dan          dengan Kontrak Manajemen
       Dewan Komisaris Tahun 2025.              Dewan Komisaris Tahun 2025.                Tahunan Tahun 2025.
       Determination of the Annual              Established the Annual Management          The Board of Directors and the
       Management Contract containing           Contract containing the collegial          Board of Commissioners had
       the collegial Key Performance            Key Performance Indicators (KPI)           carried out the management and
       Indicators (KPI) targets of the          targets of the Board of Directors          supervisory functions in accordance
       Board of Directors and the Board of      and the Board of Commissioners             with the Annual Management
       Commissioners for Fiscal Year 2025.      for Fiscal Year 2025.                      Contract for Fiscal Year 2025.

                                                                                           Status: Sudah terealisasi
                                                                                           Status: Fully realized

       Agenda Keempat
       Fourth Agenda

       Penetapan pelimpahan kewenangan          Menetapkan pelimpahan                      Kewenangan tersebut telah
       kepada Dewan Komisaris untuk             kewenangan kepada Dewan                    dilaksanakan oleh Dewan
       memberikan persetujuan                   Komisaris untuk memberikan                 Komisaris sesuai dengan
       apabila terdapat tindakan yang           persetujuan atas tindakan yang             ketentuan yang ditetapkan.
       mengakibatkan perubahan                  mengakibatkan perubahan
                                                                                           The authority had been exercised
       alokasi anggaran investasi dengan        alokasi anggaran investasi dengan
                                                                                           by the Board of Commissioners
       nilai maksimum 10% (sepuluh              nilai maksimum 10% (sepuluh
                                                                                           in accordance with the
       persen) dari masing-masing               persen) dari masing-masing
                                                                                           established provisions.
       program investasi sepanjang tidak        program investasi sepanjang tidak
       mengubah total nilai investasi.          mengubah total nilai investasi.
                                                                                           Status: Sudah terealisasi
       Determination of the delegation          Established the delegation                 Status: Fully realized
       of authority to the Board of             of authority to the Board of
       Commissioners to approve actions         Commissioners to approve actions
       resulting in changes to investment       resulting in changes to investment
       budget allocations with a maximum        budget allocations with a maximum
       value of 10% (ten percent) of each       value of 10% (ten percent) of each
       investment program, provided             investment program, provided
       that the total investment value          that the total investment value
       remained unchanged.                      remained unchanged.




234   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 235
 Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




   RUPS LPT 2025
2025 AGMS

Tanggal      Kamis, 20 Juni 2025                                    Alamat            Mandalika Meeting Room
Date         Thursday, June 20, 2025                                Address           PT Aviasi Pariwisata Indonesia (Persero) Office
                                                                                      Sarinah Building 14th Floor
Waktu        10.00 WIB                                                                Jl. M.H. Thamrin No. 11
Time         10.00 AM                                                                 Jakarta Pusat 10350


Jumlah Pemegang Saham                             2                 Persentase Pemegang Saham                                   100%
Number of Shareholders                                              Percentage of Shareholders



Kehadiran                 Kuasa Pemegang Saham:
Dewan Komisaris           y Bapak Herdy Rosadi Harman – Direktur SDM dan Digital PT Aviasi Pariwisata Indonesia (Persero)
dan Direksi
Board of                  Dewan Komisaris:
Commissioners             y Bapak Antoni Arif Priadi – Komisaris Utama (dikuasakan kepada Bapak Djamaluddin)
and Directors             y Ibu Eva Yuliana – Komisaris Independen
Presence                  y Bapak Djamaluddin – Komisaris Independen
                          y Bapak Erwan Agus Purwanto – Komisaris
                          y Ibu Imelda Sari – Komisaris Independen
                          y Bapak Abdul Muis – Komisaris Independen
                          y Ibu Dita Indah Sari – Komisaris

                          Direksi:
                          y Bapak Mohammad Rizal Pahlevi – Direktur Utama
                          y Bapak Achmad Syahir – Wakil Direktur Utama
                          y Bapak Agus Haryadi – Direktur Operasi
                          y Bapak Ristiyanto Eko Wibowo – Direktur Teknik
                          y Bapak Veri Y. Setiady – Direktur Komersial
                          y Bapak Yanindya Bayu Wirawan – Direktur Keuangan & Manajemen Risiko
                          y Bapak Ferry Kusnowo – Direktur Strategi & Pengembangan Teknologi
                          y Bapak Adi Nugroho – Direktur Human Capital


                          Shareholder Representatives:
                          y Mr. Herdy Rosadi Harman – Director of Human Resources and Digital of PT Aviasi Pariwisata
                            Indonesia (Persero)

                          Board of Commissioners:
                          y Mr. Antoni Arif Priadi – President Commissioner (represented by Mr. Djamaluddin)
                          y Ms. Eva Yuliana – Independent Commissioner
                          y Mr. Djamaluddin – Independent Commissioner
                          y Mr. Erwan Agus Purwanto – Commissioner
                          y Ms. Imelda Sari – Independent Commissioner
                          y Mr. Abdul Muis – Independent Commissioner
                          y Ms. Dita Indah Sari – Commissioner

                          Board of Directors:
                          y Mr. Mohammad Rizal Pahlevi – President Director
                          y Mr. Achmad Syahir – Vice President Director
                          y Mr. Agus Haryadi – Director of Operations
                          y Mr. Ristiyanto Eko Wibowo – Director of Engineering
                          y Mr. Veri Y. Setiady – Commercial Director
                          y Mr. Yanindya Bayu Wirawan – Director of Finance & Risk Management
                          y Mr. Ferry Kusnowo – Director of Strategy & Technology Development
                          y Mr. Adi Nugroho – Director of Human Capital




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   235
Page 236
        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan      Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company       Management Discussion and Analysis     Corporate Governance




                     Agenda Rapat                          Keputusan Rapat                                Tindak Lanjut
                   Meeting Agenda                         Meeting Decision                                  Follow Ups

       Agenda Pertama
       First Agenda

       Pengesahan Laporan Tahunan,              Mengesahkan Laporan Tahunan,                Perusahaan telah
       Laporan Tugas Pengawasan Dewan           Laporan Tugas Pengawasan Dewan              mendokumentasikan hasil
       Komisaris, serta Laporan Keuangan        Komisaris, serta Laporan Keuangan           pengesahan tersebut sebagai
       Konsolidasian Perusahaan Tahun           Konsolidasian Perusahaan Tahun              dasar pertanggungjawaban
       Buku 2024, termasuk pemberian            Buku 2024, termasuk pemberian               Direksi dan Dewan Komisaris
       pelunasan dan pembebasan                 pelunasan dan pembebasan                    kepada Pemegang Saham.
       tanggung jawab sepenuhnya                tanggung jawab sepenuhnya
                                                                                            The Company had documented
       (volledig acquit et de charge) kepada    (volledig acquit et de charge) kepada
                                                                                            the approval as the basis for
       Direksi dan Dewan Komisaris.             Direksi dan Dewan Komisaris.
                                                                                            accountability of the Board
       Approval of the Annual Report, the       Approved the Annual Report, the             of Directors and the Board of
       Board of Commissioners’ Oversight        Board of Commissioners’ Oversight           Commissioners to the Shareholders.
       Report, and the Company’s                Report, and ratified the Company’s
       Consolidated Financial Statements        Consolidated Financial Statements           Status: Sudah terealisasi
       for the 2024 Financial Year, including   for the 2024 Financial Year, including      Status: Fully realized
       granting a full release and discharge    granting a full release and discharge
       of responsibility (volledig acquit et    of responsibility (volledig acquit et
       de charge) to the Board of Directors     de charge) to the Board of Directors
       and the Board of Commissioners.          and the Board of Commissioners.

       Agenda Kedua
       Second Agenda

       Pengesahan Laporan Keuangan              Mengesahkan Laporan                         Pengesahan ini menjadi dasar
       Program Pendanaan Usaha                  Keuangan Program Pendanaan                  evaluasi dan kelanjutan pelaksanaan
       Mikro dan Usaha Kecil (PUMK)             Usaha Mikro dan Usaha Kecil                 program PUMK sesuai dengan
       Tahun Buku 2024.                         (PUMK) Tahun Buku 2024.                     ketentuan yang berlaku.
       Approval of the Financial Report         Ratified the Financial Report of            This approval served as the basis
       of the Micro and Small Business          the Micro and Small Business                for evaluation and continuation
       Funding Program (PUMK) for               Funding Program (PUMK) for                  of the PUMK program
       the 2024 Financial Year.                 the 2024 Financial Year.                    implementation in accordance
                                                                                            with applicable regulations.

                                                                                            Status: Sudah terealisasi
                                                                                            Status: Fully realized

       Agenda Ketiga
       Third Agenda

       Penetapan penggunaan Laba Bersih         Menetapkan penggunaan                       Perusahaan telah melaksanakan
       Perusahaan untuk Tahun Buku 2024.        Laba Bersih Perusahaan                      distribusi laba sesuai dengan
                                                untuk Tahun Buku 2024.                      kebijakan dividen dan alokasi
       Determination of the use of
                                                                                            laba yang disetujui oleh
       the Company’s Net Profit for             Determined the use of the Company’s
                                                                                            Pemegang Saham.
       the 2024 Financial Year.                 Net Profit for the 2024 Financial Year.
                                                                                            The Company had distributed
                                                                                            profits in accordance with the
                                                                                            dividend policy and profit allocation
                                                                                            approved by the Shareholders.

                                                                                            Status: Sudah terealisasi
                                                                                            Status: Fully realized




236   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 237
  Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




               Agenda Rapat                                   Keputusan Rapat                                Tindak Lanjut
             Meeting Agenda                                   Meeting Decision                                Follow Ups

 Agenda Keempat
 Fourth Agenda

 Penetapan remunerasi (gaji/                       Menetapkan remunerasi (gaji/                  Perusahaan telah melaksanakan
 honorarium, fasilitas, dan                        honorarium, fasilitas, dan                    pemberian remunerasi sesuai
 tunjangan) Tahun Buku 2025 serta                  tunjangan) Tahun Buku 2025 serta              dengan ketentuan dan
 Tantiem/Insentif Kinerja/Insentif                 Tantiem/Insentif Kinerja/Insentif             kebijakan yang berlaku.
 Khusus Tahun Buku 2024 bagi                       Khusus Tahun Buku 2024 bagi
                                                                                                 The Company had implemented the
 Direksi dan Dewan Komisaris.                      Direksi dan Dewan Komisaris.
                                                                                                 remuneration in accordance with
 Determination of remuneration                     Established the remuneration                  applicable policies and regulations.
 (salary/honorarium, facilities,                   (salary/honorarium, facilities,
 and allowances) for the 2025                      and allowances) for the 2025                  Status: Sudah terealisasi
 Financial Year as well as Tantiem/                Financial Year as well as Tantiem/            Status: Fully realized
 Performance Incentives/Special                    Performance Incentives/Special
 Incentives for the 2024 Financial                 Incentives for the 2024 Financial
 Year for the Board of Directors and               Year for the Board of Directors and
 the Board of Commissioners.                       the Board of Commissioners.

 Agenda Kelima
 Fifth Agenda

 Persetujuan penunjukan                            Menyetujui penunjukan                         Penunjukan ini telah ditindaklanjuti
 Kantor Akuntan Publik (KAP)                       Kantor Akuntan Publik (KAP)                   melalui proses kontraktual dan
 untuk melaksanakan audit                          untuk melaksanakan audit                      pelaksanaan audit independen
 laporan keuangan dan kinerja                      laporan keuangan dan kinerja                  sesuai standar yang berlaku.
 Perusahaan Tahun Buku 2025.                       Perusahaan Tahun Buku 2025.
                                                                                                 The appointment had been
 Approval of the appointment of                    Approved the appointment of                   followed up through contractual
 a Public Accounting Firm (KAP)                    a Public Accounting Firm (KAP)                processes and the execution of
 to audit the Company’s financial                  to audit the Company’s financial              independent audits in accordance
 statements and performance                        statements and performance                    with applicable standards.
 for the 2025 Financial Year.                      for the 2025 Financial Year.
                                                                                                 Status: Sudah terealisasi
                                                                                                 Status: Fully realized

 Agenda Keenam
 Sixth Agenda

 Penerimaan Laporan Realisasi                      Menerima Laporan Realisasi                    Penerimaan laporan ini menjadi
 Penggunaan Tambahan                               Penggunaan Tambahan                           dasar monitoring dan evaluasi atas
 Penyertaan Modal Negara (PMN).                    Penyertaan Modal Negara (PMN).                penggunaan dana PMN sesuai
                                                                                                 dengan tujuan yang telah ditetapkan.
 Acceptance of the Report on the                   Accepted the Report on the
 Realization of the Use of Additional              Realization of the Use of Additional          The acceptance of this report
 State Equity Participation (PMN).                 State Equity Participation (PMN).             served as the basis for monitoring
                                                                                                 and evaluation of the use of
                                                                                                 PMN funds in accordance with
                                                                                                 the established objectives.

                                                                                                 Status: Sudah terealisasi
                                                                                                 Status: Fully realized




    RUPSLB 2025
2025 EGMS

Pada tahun 2025, Perusahaan tidak mengadakan RUPS                            In 2025, the Company did not conduct Extraordinary GMS.
Luar Biasa.




                                                                                           PT Angkasa Pura Indonesia 2025 Annual Report   237
Page 238
        Ikhtisar 2025          Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights        Management Report      About the Company        Management Discussion and Analysis     Corporate Governance




          RUPS RKAP 2024
      2024 WPB GMS

       Tanggal       Jumat, 26 Januari 2024                         Alamat        Mandalika Meeting Room
       Date          Friday, January 26, 2024                       Address       PT Aviasi Pariwisata Indonesia (Persero) Office
                                                                                  Sarinah Building 14th Floor
       Waktu         14.30 WIB                                                    Jl. M.H. Thamrin No. 11
       Time          2.30 PM                                                      Jakarta Pusat 10350


       Jumlah Pemegang Saham                          2             Persentase Pemegang Saham                                   100%
       Number of Shareholders                                       Percentage of Shareholders



       Kehadiran                 Dewan Komisaris:
       Dewan Komisaris           y Bapak Lukman F. Laisa – Komisaris Utama (dikuasakan kepada Bapak Djamaluddin)
       dan Direksi               y Bapak Abdul Muis – Komisaris
       Board of
       Commissioners             Direksi:
       and Directors             y Bapak Agus Wialdi – Direktur Utama
       Presence                  y Bapak Agus Haryadi – Direktur Operasi

                                 Board of Commissioners:
                                 y Mr. Lukman F. Laisa – President Commissioner (assigned to Mr. Djamaluddin)
                                 y Mr. Abdul Muis – Commissioner

                                 Board of Directors:
                                 y Mr. Agus Wialdi – President Director
                                 y Mr. Agus Haryadi – Director of Operations




                     Agenda Rapat                             Keputusan Rapat                                 Tindak Lanjut
                   Meeting Agenda                             Meeting Decision                                  Follow Ups

       Agenda Pertama
       First Agenda

       Pengesahan Rencana Kerja                    Mengesahkan Rencana Kerja                    Perusahaan telah melaksanakan
       dan Anggaran Perusahaan                     dan Anggaran Perusahaan                      pengurusan perusahaan sesuai RKAP
       (RKAP) Tahun 2024 termasuk                  (RKAP) Tahun 2024 termasuk                   Tahun 2024 yang disahkan RUPS.
       Rencana Kerja dan Anggaran                  Rencana Kerja dan Anggaran
                                                                                                The Company has carried out its
       Dewan Komisaris Tahun 2024.                 Dewan Komisaris Tahun 2024.
                                                                                                operations in accordance with
       Approval of the 2024 Corporate Work         Approved the 2024 Corporate Work             the approved 2024 RKAP.
       Plan and Budget (RKAP), including           Plan and Budget (RKAP), including
       the 2024 Board of Commissioners             the 2024 Board of Commissioners              Status: Sudah terealisasi
       Work Plan and Budget.                       Work Plan and Budget.                        Status: Fully realized

       Agenda Kedua
       Second Agenda

       Pengesahan Rencana Kerja dan                Mengesahkan RKA-TJSL Tahun                   Perusahaan telah melaksanakan
       Anggaran Program Tanggung                   2024 sesuai Risalah Rapat No.                program TJSL sesuai RKA-TJSL
       Jawab Sosial dan Lingkungan                 RIS-24/DSI.MBU.B/12/2024                     Tahun 2024 yang disahkan RUPS.
       (RKA-TJSL) Tahun 2024.                      tanggal 13 Desember 2023.
                                                                                                The Company has implemented
       Approval of the 2024 Work Plan              Approved the 2024 RKA-TJSL in                its social and environmental
       and Budget for the Social and               accordance with Meeting Minutes              responsibility programs in accordance
       Environmental Responsibility                No. RIS-24/DSI.MBU.B/12/2024                 with the approved 2024 RKA-TJSL.
       Program (RKA-TJSL).                         dated December 13, 2023.
                                                                                                Status: Sudah terealisasi
                                                                                                Status: Fully realized




238   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 239
 Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




              Agenda Rapat                                     Keputusan Rapat                                 Tindak Lanjut
            Meeting Agenda                                     Meeting Decision                                  Follow Ups

Agenda Ketiga
Third Agenda

Persetujuan dan Pengesahan                        Menyetujui dan mengesahkan                       Direksi dan Dewan Komisaris
Kontrak Manajemen (Key                            Kontrak Manajemen (Key                           telah melaksanakan pengurusan
Performance Indicators) antara                    Performance Indicators) Tahun 2024.              dan pengawasan sesuai Kontrak
Direksi dan Dewan Komisaris dengan                                                                 Manajemen Tahun 2024.
                                                  Approved and ratified the 2024
Pemegang Saham Tahun 2024.
                                                  Management Contract (Key                         The Board of Directors and Board
Approval and ratification of the                  Performance Indicators).                         of Commissioners have carried
Management Contract (Key                                                                           out management and supervisory
Performance Indicators) between                                                                    functions in accordance with the
the Board of Directors and                                                                         2024 Management Contract.
Board of Commissioners with
the Shareholders for 2024.                                                                         Status: Sudah terealisasi
                                                                                                   Status: Fully realized

Agenda Keempat
Fourth Agenda

Persetujuan dan Pengesahan                        Menyetujui dan mengesahkan                       Dewan Komisaris telah melaksanakan
Kontrak Manajemen (Key                            Kontrak Manajemen (Key                           fungsi pengawasan sesuai Kontrak
Performance Indicators) antara                    Performance Indicators) Tahun 2024.              Manajemen Tahun 2024.
Dewan Komisaris dengan
                                                  Approved and ratified the 2024                   The Board of Commissioners
Pemegang Saham Tahun 2024.
                                                  Management Contract (Key                         has carried out its supervisory
Approval and ratification of the                  Performance Indicators).                         function in accordance with the
Management Contract (Key                                                                           2024 Management Contract.
Performance Indicators) between
the Board of Commissioners                                                                         Status: Sudah terealisasi
and Shareholders for 2024.                                                                         Status: Fully realized

Agenda Kelima
Fifth Agenda

Persetujuan pelimpahan                            Menyetujui pelimpahan kewenangan                 Status: Sudah terealisasi
kewenangan kepada Dewan                           kepada Dewan Komisaris                           Status: Fully realized
Komisaris untuk menyetujui                        sebagaimana dimaksud.
perubahan alokasi anggaran
                                                  Approved the delegation
investasi maksimal 10% tanpa
                                                  of authority to the Board of
mengubah total nilai investasi.
                                                  Commissioners as described.
Approval for the delegation
of authority to the Board of
Commissioners to approve changes
in investment budget allocation
up to 10% without altering the
total investment value.




   RUPS LPT 2024
2024 AGMS

Tanggal       Jumat, 26 Januari 2024                                   Alamat           Mandalika Meeting Room
Date          Friday, January 26, 2024                                 Address          PT Aviasi Pariwisata Indonesia (Persero) Office
                                                                                        Sarinah Building 14th Floor
Waktu         13.30 WIB                                                                 Jl. M.H. Thamrin No. 11
Time          1.30 PM                                                                   Jakarta Pusat 10350


Jumlah Pemegang Saham                               2                  Persentase Pemegang Saham                                  100%
Number of Shareholders                                                 Percentage of Shareholders




                                                                                            PT Angkasa Pura Indonesia 2025 Annual Report   239
Page 240
        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan      Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company       Management Discussion and Analysis     Corporate Governance




       Kehadiran             Dewan Komisaris:
       Dewan Komisaris       y Bapak Lukman F. Laisa – Komisaris Utama (dikuasakan kepada Bapak Djamaluddin)
       dan Direksi           y Bapak Abdul Muis – Komisaris
       Board of
       Commissioners         Direksi:
       and Directors         y Bapak Agus Wialdi – Direktur Utama
       Presence              y Bapak Agus Haryadi – Direktur Operasi

                             Board of Commissioners:
                             y Mr. Lukman F. Laisa – President Commissioner (assigned to Mr. Djamaluddin)
                             y Mr. Abdul Muis – Commissioner

                             Board of Directors:
                             y Mr. Agus Wialdi – President Director
                             y Mr. Agus Haryadi – Director of Operations




                     Agenda Rapat                          Keputusan Rapat                                Tindak Lanjut
                   Meeting Agenda                         Meeting Decision                                  Follow Ups

       Agenda Pertama
       First Agenda

       Persetujuan Laporan Tahunan              Menyetujui Laporan Tahunan                  Laporan Keuangan dan Laporan
       Perseroan termasuk Laporan Tugas         Tahun Buku 2023 termasuk laporan            Tahunan telah disampaikan kepada
       Pengawasan Dewan Komisaris, dan          pengawasan Dewan Komisaris,                 Kementerian BUMN dan PT Aviasi
       Laporan Pelaksanaan Tanggung             laporan TJSL, serta mengesahkan             Pariwisata Indonesia (Persero).
       Jawab Sosial dan Lingkungan untuk        Laporan Keuangan Konsolidasian
                                                                                            The Financial Statements and Annual
       Tahun Buku 2023 serta Pengesahan         yang telah diaudit oleh KAP
                                                                                            Report have been submitted to
       Laporan Keuangan Konsolidasian           Purwantono, Sungkoro dan Surja
                                                                                            the Ministry of SOEs and PT Aviasi
       Perseroan Tahun Buku 2023.               (EY) dengan opini wajar dalam
                                                                                            Pariwisata Indonesia (Persero).
                                                semua hal yang material sesuai
       Approval of the Company’s Annual
                                                Standar Akuntansi Keuangan di
       Report including the Board of                                                        Status: Sudah terealisasi
                                                Indonesia. Selain itu, memberikan
       Commissioners’ Supervisory Report                                                    Status: Fully realized
                                                pelunasan dan pembebasan
       and the Social and Environmental
                                                tanggung jawab sepenuhnya
       Responsibility Report for Fiscal Year
                                                (volledig acquit et de charge)
       2023, as well as ratification of the
                                                kepada Direksi dan Dewan Komisaris
       Company’s Consolidated Financial
                                                sepanjang tindakan tersebut bukan
       Statements for Fiscal Year 2023.
                                                merupakan tindak pidana dan
                                                tercermin dalam laporan Perseroan.
                                                Approved the Annual Report
                                                for Fiscal Year 2023, including
                                                the Board of Commissioners’
                                                Supervisory Report, the Social
                                                and Environmental Responsibility
                                                Report, and ratified the Consolidated
                                                Financial Statements audited by KAP
                                                Purwantono, Sungkoro and Surja
                                                (EY) with an unqualified opinion
                                                in accordance with Indonesian
                                                Financial Accounting Standards. Also
                                                granted full release and discharge
                                                (volledig acquit et de charge) to
                                                the Board of Directors and Board of
                                                Commissioners, provided that such
                                                actions are not criminal acts and are
                                                reflected in the Company’s records.




240   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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 Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




              Agenda Rapat                                   Keputusan Rapat                                Tindak Lanjut
            Meeting Agenda                                   Meeting Decision                                Follow Ups

Agenda Kedua
Second Agenda

Pengesahan Laporan Keuangan                       Mengesahkan laporan PUMK Tahun                Laporan PUMK Tahun Buku
Program Pendanaan Usaha                           Buku 2023 yang telah diaudit                  2023 telah disampaikan kepada
Mikro dan Usaha Kecil (PUMK)                      oleh KAP Purwantono, Sungkoro                 Kementerian BUMN dan PT Aviasi
Tahun Buku 2023.                                  dan Surja (EY) dengan opini wajar             Pariwisata Indonesia (Persero).
                                                  sesuai standar akuntansi entitas
Ratification of the Financial                                                                   The PUMK Report for Fiscal Year
                                                  tanpa akuntabilitas publik. Serta
Statements of the Micro and                                                                     2023 has been submitted to the
                                                  memberikan pelunasan dan
Small Business Funding Program                                                                  Ministry of SOEs and PT Aviasi
                                                  pembebasan tanggung jawab
(PUMK) for Fiscal Year 2023.                                                                    Pariwisata Indonesia (Persero).
                                                  kepada Direksi dan Dewan Komisaris
                                                  atas pelaksanaan program tersebut.
                                                                                                Status: Sudah terealisasi
                                                  Ratified the PUMK Financial                   Status: Fully realized
                                                  Statements for Fiscal Year 2023
                                                  audited by KAP Purwantono,
                                                  Sungkoro and Surja (EY) with an
                                                  unqualified opinion in accordance
                                                  with accounting standards for entities
                                                  without public accountability. Also
                                                  granted full release and discharge
                                                  to the Board of Directors and
                                                  Board of Commissioners for the
                                                  implementation of the program.

Agenda Ketiga
Third Agenda

Penetapan penggunaan laba bersih                  Menetapkan penggunaan laba                    Perseroan telah mengumumkan
Perseroan untuk Tahun Buku 2022.                  bersih sebesar Rp1.242.932.551.004,           jadwal pembagian dividen
                                                  terdiri dari dividen tunai sebesar            pada 13 Maret 2024 dan
Determination of the use
                                                  Rp1.200.000.000.000 dan sisanya               melakukan pembayaran
of the Company’s net profit
                                                  sebagai laba ditahan untuk                    dividen pada 28 Maret 2024.
for Fiscal Year 2022.
                                                  mendukung operasional dan
                                                                                                The Company announced the
                                                  pengembangan usaha.
                                                                                                dividend distribution schedule on
                                                  Approved the allocation of net profit         March 13, 2024, and executed the
                                                  amounting to Rp1,242,932,551,004,             payment on March 28, 2024.
                                                  consisting of cash dividends
                                                  of Rp1,200,000,000,000                        Status: Sudah terealisasi
                                                  and the remaining amount                      Status: Fully realized
                                                  retained as retained earnings
                                                  to support operations and
                                                  business development.

Agenda Keempat
Fourth Agenda

Penetapan remunerasi Tahun Buku                   Penetapan tantiem, gaji Direksi,              Penetapan remunerasi dan tantiem
2024 serta tantiem Tahun Buku 2023                honorarium Dewan Komisaris, serta             telah dilakukan oleh Dewan
bagi Direksi dan Dewan Komisaris.                 fasilitas dan tunjangan lainnya               Komisaris dengan persetujuan
                                                  akan ditetapkan secara tersendiri.            Kementerian BUMN dan PT Aviasi
Determination of remuneration for
                                                                                                Pariwisata Indonesia (Persero).
Fiscal Year 2024 and tantiem for Fiscal           The determination of tantiem,
Year 2023 for the Board of Directors              salaries for the Board of Directors,          The determination of remuneration
and Board of Commissioners.                       honorarium for the Board of                   and tantiem has been carried out
                                                  Commissioners, and other benefits             by the Board of Commissioners
                                                  will be determined separately.                with approval from the Ministry
                                                                                                of SOEs and PT Aviasi Pariwisata
                                                                                                Indonesia (Persero).

                                                                                                Status: Sudah terealisasi
                                                                                                Status: Fully realized




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   241
Page 242
        Ikhtisar 2025       Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report     About the Company        Management Discussion and Analysis     Corporate Governance




                     Agenda Rapat                         Keputusan Rapat                                 Tindak Lanjut
                   Meeting Agenda                        Meeting Decision                                   Follow Ups

       Agenda Kelima
       Fifth Agenda

       Penunjukan Kantor Akuntan Publik         Menyetujui penunjukan kembali KAP           Perseroan telah menunjuk KAP
       (KAP) untuk audit Tahun Buku 2024.       Purwantono, Sungkoro dan Surja              Purwantono, Sungkoro dan
                                                (EY) serta memberikan kewenangan            Surja (EY) untuk melaksanakan
       Appointment of Public Accounting
                                                kepada Dewan Komisaris untuk                audit Tahun Buku 2024.
       Firm (KAP) to audit Fiscal Year 2024.
                                                menentukan auditor, imbal jasa,
                                                                                            The Company has appointed
                                                dan pengganti apabila diperlukan.
                                                                                            KAP Purwantono, Sungkoro
                                                Approved the reappointment                  and Surja (EY) to conduct the
                                                of KAP Purwantono, Sungkoro                 audit for Fiscal Year 2024.
                                                and Surja (EY) and authorized
                                                the Board of Commissioners to               Status: Sudah terealisasi
                                                determine auditors, fees, and               Status: Fully realized
                                                replacements if necessary.

       Agenda Keenam
       Sixth Agenda

       Laporan realisasi penggunaan             Direksi dan Dewan Komisaris                 Status: Sudah terealisasi
       tambahan dana Penyertaan Modal           telah menyampaikan laporan                  Status: Fully realized
       Negara (PMN) Tahun 2015–2016.            realisasi penggunaan PMN sesuai
                                                ketentuan Peraturan Menteri
       Report on the realization of
                                                BUMN No. PER-2/MBU/03/2023.
       additional State Capital Injection
       (PMN) funds for 2015–2016.               The Board of Directors and Board
                                                of Commissioners have submitted
                                                the PMN utilization report in
                                                accordance with Minister of SOEs
                                                Regulation No. PER-2/MBU/03/2023.




          RUPSLB 2024
      2024 EGMS

      Pada tahun 2024, Perusahaan tidak mengadakan RUPS                In 2024, the Company did not conduct Extraordinary GMS.
      Luar Biasa.




242   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




INFORMASI PEMEGANG SAHAM
SHAREHOLDERS INFORMATION


    Susunan Pemegang Saham
Shareholders Composition

Susunan pemegang saham Perusahaan dan kepemilikan                          The Company’s shareholder composition and share
saham pada tanggal 31 Desember 2025 adalah sebagai                         ownership as of December 31, 2025, are as follows:
berikut:


      Pemegang Saham                       Jenis Saham         Jumlah Saham Ditempatkan                 % Kepemilikan        Jumlah
          Shareholders                    Type of Shares           dan Disetor Penuh                    % Ownership           Total
                                                                  Number of Share Issued
                                                                     and Fully Paid

Pemerintah Indonesia                   Seri A Dwiwarna                                   2                 0,00001                    2
Government of The
Republic of Indonesia

PT Aviasi Pariwisata                   Seri B                               25.251.251                    99,99999          25.251.251
Indonesia (Persero)

Jumlah                                                                    25.251.253                           100          25.251.253
Total




    Pemegang Saham yang Memiliki 5% Atau Lebih Saham
Shareholders Owning 5% (five percent) or More of Shares

Pemegang saham yang memiliki 5% (lima persen) atau                         Shareholders owning 5% (five percent) or more of shares in
lebih saham pada tahun 2025 dan 2024 adalah PT Aviasi                      2025 and 2024 is PT Aviasi Pariwisata Indonesia (Persero).
Pariwisata Indonesia (Persero). PT Aviasi Pariwisata                       PT Aviasi Pariwisata Indonesia (Persero) held 25,251,251
Indonesia (Persero) memiliki 25.251.251 saham atau setara                  shares or equivalent to 99.99999% of total shares in both
dengan 99,99999% dari total saham pada kedua periode                       periods.
tersebut.




  Kelompok Pemegang Saham Masyarakat yang Memiliki
Kurang Dari 5% Saham
Public Shareholder Group Owning Less Than 5% (five percent) of Shares

Kelompok pemegang saham masyarakat, yaitu                                  The public shareholder group, defined as shareholders
pemegang saham dengan kepemilikan masing-masing                            each owning less than 5% (five percent) of shares, was not
kurang dari 5% (lima persen), tidak tercatat memiliki                      recorded as holding any shares in 2025 and 2024.
kepemilikan saham pada tahun 2025 dan 2024.




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report   243
Page 244
        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan           Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company            Management Discussion and Analysis      Corporate Governance




          Pemegang Saham Utama dan Pengendali
      Main and Controlling Shareholder

      PT Aviasi Pariwisata Indonesia (Persero) merupakan                     PT Aviasi Pariwisata Indonesia (Persero) is the main and
      pemegang saham utama dan pengendali Perusahaan.                        controlling shareholder of the Company. There were no
      Tidak terdapat perubahan jumlah maupun persentase                      changes in the number or percentage of share ownership
      kepemilikan saham pada masing-masing pemegang                          of each shareholder during 2025 and 2024.
      saham selama tahun 2025 dan 2024.




        Anggota Dewan Komisaris dan Direksi yang Memiliki
      Saham di Perusahaan
      Members of the Board of Commissioners and Directors Who Own Shares in
      the Company

      Pada tahun 2025 dan 2024, tidak terdapat anggota                       In 2025 and 2024, there were no members of the Board
      Dewan Komisaris maupun Direksi yang memiliki saham                     of Commissioners or the Board of Directors who owned
      di Perusahaan.                                                         shares in the Company.




          Pemegang Saham Institusi dan Individu
      Institutional and Individual Shareholders

      Pemegang saham institusi dan individu Perusahaan                       The Company’s institutional and individual shareholders
      dijabarkan dalam tabel berikut ini:                                    are outlined in the following table:


                                                   2025                                                         2024

                                 Jumlah           Jumlah          Persentase            Jumlah               Jumlah          Persentase
                                Pemegang          Saham             Saham              Pemegang              Saham             Saham
                                  Saham          Number of       Percentage              Saham             Number of         Percentage
                                Number of         Shares          of Shares            Number of            Shares            of Shares
                               Shareholders                                           Shareholders

      Institusi Lokal                2           25.251.253        100,00%                   2              25.251.253         100,00%
      Local Institutions

      Institusi Asing                 -              -                   -                    -                  -                 -
      Foreign Institutions

      Individu Lokal                  -              -                   -                    -                  -                 -
      Local Individuals

      Individu Asing                  -              -                   -                    -                  -                 -
      Foreign Individuals

      Total                                                        100,00%                                                     100,00%




244   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)             Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)          Consolidated Financial Statements




      Kronologis Penerbitan Efek Lainnya
Chronological Issuance of Other Securities

Untuk menunjang kegiatan usahanya, PT Angkasa Pura                              To support its business activities, PT Angkasa Pura
Indonesia telah beberapa kali menerbitkan surat utang                           Indonesia has issued debt securities in the form of
dalam bentuk obligasi yang ditawarkan kepada investor                           bonds several times, which were offered to investors on
di Bursa Efek Indonesia. Adapun kronologis penerbitan                           the Indonesia Stock Exchange. The chronology of the
surat utang PT Angkasa Pura Indonesia adalah sebagai                            issuance of PT Angkasa Pura Indonesia debt securities is
berikut:                                                                        as follows:



 No       Uraian             Nominal            Outstanding              Suku Bunga/          Tanggal            Peringkat         Keterangan
       Description          Penerbitan         per 31 Des 2025            Imbal Hasil          Jatuh              Rating           Description
                             Issuance              Outstanding             Interest           Tempo
                             Nominal                as of Dec             Rates/Yield         Due Date
                                                     31, 2025                                              2023    2024    2025

 01    Obligasi I          622.000.000.000                          -                8,10%    22 Nov 21     -        -        -    Lunas
       Angkasa                                                                                Nov 22, 21                           Settled
       Pura I Tahun
       2016 Seri A
       Angkasa Pura
       I Bond I Year
       2016 Series A
 02    Obligasi I          389.000.000.000                          -                8,40%    22 Nov 23    AA+     AAA       AAA   Lunas
       Angkasa                                                                                Nov 22, 23                           Settled
       Pura I Tahun
       2016 Seri B
       Angkasa Pura
       I Bond I Year
       2016 Series B
 03    Obligasi I         1.489.000.000.000        1.025.000.000.000                 8,55%    22 Nov 26    AA+     AAA       AAA   Pembelian
       Angkasa                                                                                Nov 22, 26                           Kembali
       Pura I Tahun                                                                                                                (Buyback)
       2016 Seri C                                                                                                                 Rp464 miliar
       Angkasa Pura                                                                                                                28 Jun 2024
       I Bond I Year                                                                                                               Buyback of
       2016 Series C                                                                                                               Rp464 billion
                                                                                                                                   on June
                                                                                                                                   28, 2024
 04    Obligasi I         1.000.000.000.000                         -                8,60%    30 Jun 21     -        -        -    Lunas
       Angkasa                                                                                Jun 30, 21                           Settled
       Pura II Tahun
       2016 Seri A
       Angkasa Pura
       II Bond I Year
       2016 Series A
 05    Obligasi I           100.000.000.000                         -                8,80%    30 Jun 23     -        -        -    Lunas
       Angkasa                                                                                Jun 30, 23                           Settled
       Pura II Tahun
       2016 Seri B
       Angkasa Pura
       II Bond I Year
       2016 Series B
 06    Obligasi I          900.000.000.000         900.000.000.000                   9,00%    30 Jun 26    AAA     AAA       AAA   Belum Lunas
       Angkasa                                                                                Jun 30, 26                           Outstanding
       Pura II Tahun
       2016 Seri C
       Angkasa Pura
       II Bond I Year
       2016 Series C
 07    Sukuk Ijarah        268.000.000.000                          -   Rp81.000.000 per      22 Nov 21     -        -        -    Lunas
       I Angkasa                                                         Rp1.000.000.000      Nov 22, 21                           Settled
       Pura I Tahun                                                            per tahun
       2016 Seri A                                                      Rp81,000,000 per
       Ijarah Sukuk                                                      Rp1,000,000,000
       I Angkasa                                                              per annum
       Pura I Year
       2016 Series A




                                                                                              PT Angkasa Pura Indonesia 2025 Annual Report         245
Page 246
            Ikhtisar 2025         Laporan Manajemen         Tentang Perusahaan         Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
            2025 Highlights       Management Report         About the Company          Management Discussion and Analysis          Corporate Governance




       No           Uraian          Nominal            Outstanding           Suku Bunga/        Tanggal              Peringkat           Keterangan
                 Description       Penerbitan         per 31 Des 2025         Imbal Hasil        Jatuh                Rating             Description
                                    Issuance           Outstanding             Interest         Tempo
                                    Nominal             as of Dec             Rates/Yield      Due Date      2023      2024    2025
                                                         31, 2025

       08        Sukuk Ijarah       55.000.000.000                      -   Rp84.000.000 per   22 Nov 23      AA+      AAA       AAA    Lunas
                 I Angkasa                                                   Rp1.000.000.000   Nov 22, 23     (sy)     (sy)      (sy)   Settled
                 Pura I Tahun                                                      per tahun
                 2016 Seri B                                                Rp84,000,000 per
                 Ijarah Sukuk                                                Rp1,000,000,000
                 I Angkasa                                                        per annum
                 Pura I Year
                 2016 Series B
       09        Sukuk Ijarah      177.000.000.000      96.000.000.000      Rp85.500.000 per   22 Nov 26      AA+      AAA       AAA    Pembelian
                 I Angkasa                                                   Rp1.000.000.000   Nov 22, 26     (sy)     (sy)      (sy)   Kembali
                 Pura I Tahun                                                      per tahun                                            (Buyback)
                 2016 Seri C                                                Rp85,500,000 per                                            Rp81 miliar
                 Ijarah Sukuk                                                Rp1,000,000,000                                            3 Jul 2024
                 I Angkasa                                                        per annum                                             Buyback of
                 Pura I Year                                                                                                            Rp81 billion on
                 2016 Series C                                                                                                          July 3, 2024

       10        Obligasi          200.000.000.000                      -             8,65%    12 Des 21        -        -              Lunas
                 Berkelanjutan                                                                 Dec 12, 21                               Settled
                 I Angkasa
                 Pura II Tahap
                 I Tahun 2018
                 Seri A
                 Angkasa Pura
                 II Sustainable
                 Bond I Phase
                 I Year 2018
                 Series A
       11        Obligasi          550.000.000.000                      -             8,95%    12 Des 23        -        -              Lunas
                 Berkelanjutan                                                                 Dec 12, 23                               Settled
                 I Angkasa
                 Pura II Tahap
                 I Tahun 2018
                 Seri B
                 Angkasa Pura
                 II Sustainable
                 Bond I Phase
                 I Year 2018
                 Series B
       12        Obligasi           32.000.000.000                      -             7,80%    13 Agu 23        -        -        -     Lunas
                 Berkelanjutan                                                                 Aug 13, 23                               Settled
                 I Angkasa
                 Pura II Tahap
                 II Tahun
                 2020 Seri A
                 Angkasa Pura
                 II Sustainable
                 Bond I Phase
                 II Year 2020
                 Series A
       13        Obligasi          159.000.000.000                      -             8,50%    13 Agu 25        -        -        -     Lunas
                 Berkelanjutan                                                                 Aug 13, 25                               Settled
                 I Angkasa
                 Pura II Tahap
                 II Tahun
                 2020 Seri B
                 Angkasa Pura
                 II Sustainable
                 Bond I Phase
                 II Year 2020
                 Series B




246   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 247
 Tanggung Jawab Sosial dan Lingkungan (TJSL)             Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)          Consolidated Financial Statements




No       Uraian             Nominal            Outstanding              Suku Bunga/          Tanggal            Peringkat         Keterangan
      Description          Penerbitan         per 31 Des 2025            Imbal Hasil          Jatuh              Rating           Description
                            Issuance              Outstanding             Interest           Tempo
                            Nominal                as of Dec             Rates/Yield         Due Date     2023    2024    2025
                                                    31, 2025

14    Obligasi           1.602.000.000.000        1.602.000.000.000                 9,10%    13 Agu 27    AAA     AAA       AAA   Belum Lunas
      Berkelanjutan                                                                          Aug 13, 27                           Outstanding
      I Angkasa
      Pura II Tahap
      II Tahun
      2020 Seri C
      Angkasa Pura
      II Sustainable
      Bond I Phase
      II Year 2020
      Series C
15    Obligasi            457.000.000.000          457.000.000.000                  9,25%    13 Agu 30    AAA     AAA       AAA   Belum Lunas
      Berkelanjutan                                                                          Aug 13, 30                           Outstanding
      I Angkasa
      Pura II Tahap
      II Tahun
      2020 Seri D
      Angkasa Pura
      II Sustainable
      Bond I Phase
      II Year 2020
      Series D
16    Obligasi             272.500.000.000                         -                6,70%    8 Sep 24     AA+     AAA       AAA   Lunas
      Berkelanjutan I                                                                        Sep 8, 24                            Settled
      Angkasa Pura I
      Tahap I Tahun
      2021 Seri A
      Angkasa Pura
      I Sustainable
      Bond I Phase
      I Year 2021
      Series A
17    Obligasi              66.000.000.000          66.000.000.000                  7,10%    8 Sep 26     AA+     AAA       AAA   Belum Lunas
      Berkelanjutan I                                                                        Sep 8, 26                            Outstanding
      Angkasa Pura I
      Tahap I Tahun
      2021 Seri B
      Angkasa Pura
      I Sustainable
      Bond I Phase
      I Year 2021
      Series B
18    Obligasi            280.400.000.000          280.400.000.000                  8,00%    8 Sep 28     AA+     AAA       AAA   Belum Lunas
      Berkelanjutan I                                                                        Sep 8, 28                            Outstanding
      Angkasa Pura I
      Tahap I Tahun
      2021 Seri C
      Angkasa Pura
      I Sustainable
      Bond I Phase
      I Year 2021
      Series C
19    Obligasi            497.000.000.000          497.000.000.000                  8,60%    8 Sep 31     AA+     AAA       AAA   Belum Lunas
      Berkelanjutan I                                                                        Sep 8, 31                            Outstanding
      Angkasa Pura I
      Tahap I Tahun
      2021 Seri D
      Angkasa Pura
      I Sustainable
      Bond I Phase
      I Year 2021
      Series D




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report       247
Page 248
        Ikhtisar 2025          Laporan Manajemen         Tentang Perusahaan           Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
        2025 Highlights        Management Report         About the Company            Management Discussion and Analysis          Corporate Governance




       No       Uraian           Nominal            Outstanding           Suku Bunga/          Tanggal              Peringkat           Keterangan
             Description        Penerbitan         per 31 Des 2025         Imbal Hasil          Jatuh                Rating             Description
                                 Issuance           Outstanding             Interest           Tempo
                                 Nominal             as of Dec             Rates/Yield         Due Date     2023      2024    2025
                                                      31, 2025

       20    Sukuk Ijarah        215.000.000.000                     -   Rp67.000.000 per      8 Sep 24      AA+      AAA       AAA    Lunas
             Berkelanjutan I                                              Rp1.000.000.000      Sep 8, 24     (sy)     (sy)      (sy)   Settled
             Angkasa Pura I                                                     per tahun
             Tahap I Tahun                                               Rp67,000,000 per
             2021 Seri A                                                  Rp1,000,000,000
             Angkasa Pura                                                      per annum
             I Sustainable
             Ijarah Sukuk
             I Phase I Year
             2021 Series A
       21    Sukuk Ijarah        215.000.000.000     215.000.000.000      Rp71.000.000 per     8 Sep 26      AA+      AAA       AAA    Belum Lunas
             Berkelanjutan I                                              Rp1.000.000.000      Sep 8, 26     (sy)     (sy)      (sy)   Outstanding
             Angkasa Pura I                                                      per tahun
             Tahap I Tahun                                                Rp71,000,000 per
             2021 Seri B                                                  Rp1,000,000,000
             Angkasa Pura                                                       per annum
             I Sustainable
             Ijarah Sukuk
             I Phase I Year
             2021 Series B
       22    Sukuk Ijarah        52.000.000.000      52.000.000.000      Rp80.000.000 per      8 Sep 28      AA+      AAA       AAA    Belum Lunas
             Berkelanjutan I                                              Rp1.000.000.000      Sep 8, 28     (sy)     (sy)      (sy)   Outstanding
             Angkasa Pura I                                                     per tahun
             Tahap I Tahun                                               Rp80,000,000 per
             2021 Seri C                                                  Rp1,000,000,000
             Angkasa Pura                                                      per annum
             I Sustainable
             Ijarah Sukuk
             I Phase I Year
             2021 Series C
       23    Sukuk Ijarah        14.000.000.000       14.000.000.000     Rp86.000.000 per      8 Sep 31      AA+      AAA       AAA    Belum Lunas
             Berkelanjutan I                                              Rp1.000.000.000      Sep 8, 31     (sy)     (sy)      (sy)   Outstanding
             Angkasa Pura I                                                     per tahun
             Tahap I Tahun                                               Rp86,000,000 per
             2021 Seri D                                                  Rp1,000,000,000
             Angkasa Pura                                                      per annum
             I Sustainable
             Ijarah Sukuk
             I Phase I Year
             2021 Series D
       24    Sukuk             1.460.000.000.000   1.460.000.000.000             Imbal hasil   29 Okt 33     AA+      AAA       AAA    Belum Lunas
             Wakalah Bi                                                   wakalah periodik     Oct 29, 33    (sy)     (sy)      (sy)   Outstanding
             Al-Istitsmar                                                Rp510.358.524.080
             Jangka                                                              dan sekitar
             Panjang Tanpa                                                Rp50.938.524.080
             Penawaran                                                   per tahun Periodic
             Umum                                                          Wakalah yield of
             Angkasa Pura                                                Rp510,358,524,080
             I Tahun 2023                                                       and approx.
             Long-Term                                                    Rp50,938,524,080
             Wakalah Bi                                                          per annum
             Al-Istitsmar
             Sukuk Without
             Public Offering
             Angkasa Pura
             I Year 2023
       25    Obligasi             8.005.000.000       8.005.000.000                   6,95%    5 Jul 27        -      AAA       AAA    Belum Lunas
             Berkelanjutan                                                                     Jul 5, 27                               Outstanding
             II Angkasa
             Pura I Tahap
             I Tahun 2024
             Seri A
             Angkasa Pura
             I Sustainable
             Bond II Phase
             I Year 2024
             Series A




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 No       Uraian             Nominal            Outstanding             Suku Bunga/          Tanggal          Peringkat         Keterangan
       Description          Penerbitan         per 31 Des 2025           Imbal Hasil          Jatuh             Rating          Description
                             Issuance              Outstanding            Interest           Tempo
                             Nominal                as of Dec            Rates/Yield         Due Date    2023   2024     2025
                                                     31, 2025

 26    Obligasi              50.005.000.000         50.005.000.000                  7,30%    5 Jul 31     -      AAA      AAA   Belum Lunas
       Berkelanjutan                                                                         Jul 5, 31                          Outstanding
       II Angkasa
       Pura I Tahap
       I Tahun 2024
       Seri B
       Angkasa Pura
       I Sustainable
       Bond II Phase
       I Year 2024
       Series B
 27    Obligasi             196.750.000.000         196.750.000.000                 7,40%    5 Jul 34     -      AAA      AAA   Belum Lunas
       Berkelanjutan                                                                         Jul 5, 34                          Outstanding
       II Angkasa
       Pura I Tahap
       I Tahun 2024
       Seri C
       Angkasa Pura
       I Sustainable
       Bond II Phase
       I Year 2024
       Series C




  Program Kepemilikan Saham Bagi Karyawan
dan Manajemen
Employee and Management Share Ownership Program

Saat ini, PT Angkasa Pura Indonesia belum menerapkan                           Currently, PT Angkasa Pura Indonesia has not
program kepemilikan saham bagi karyawan maupun                                 implemented a share ownership programme for
manajemen (Employee Stock Ownership Plan/ESOP dan                              employees or management (Employee Stock Ownership
Management Stock Ownership Plan/MSOP). Oleh karena                             Plan/ESOP and Management Stock Ownership Plan/
itu, laporan ini tidak mencantumkan data dan informasi                         MSOP). Therefore, this report does not include data and
terkait opsi saham, jumlah saham yang dimiliki, periode                        information related to stock options, the number of shares
pelaksanaan, harga eksekusi, serta ketentuan dalam                             owned, the implementation period, the exercise price,
program ESOP dan MSOP.                                                         and the provisions of the ESOP and MSOP programmes.

Karena tidak adanya program ESOP maupun MSOP, PT                               Due to the absence of ESOP or MSOP programmes,
Angkasa Pura Indonesia tidak memiliki kebijakan terkait                        PT Angkasa Pura Indonesia does not have policies
pemberian kompensasi jangka panjang berbasis kinerja                           regarding the provision of long-term performance-
bagi Direksi, Dewan Komisaris, manajemen dan karyawan                          based compensation for the Board of Directors, Board
dalam skema tersebut.                                                          of Commissioners, management, and employees under
                                                                               such schemes.




  Kebijakan Perlakuan yang Adil Terhadap
Pemegang Saham
Policy on Fair Treatment of Shareholders

Perusahaan     telah menerapkan   kebijakan   yang                             The Company has implemented a comprehensive policy
komprehensif dalam rangka memastikan perlakuan                                 to ensure the fair treatment of Shareholders, as stipulated
yang adil terhadap Pemegang Saham, yang dituangkan                             in the Board of Directors Regulation No. PD.DU.29-
dalam Peraturan Direksi Nomor PD.DU.29-PG.03-2025                              PG.03-2025 concerning Guidelines for the Establishment
tentang Pedoman Penetapan Prinsip Tata Kelola                                  of Good Corporate Governance (GCG) Principles at PT



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      Perusahaan yang Baik (Good Corporate Governance/                 Angkasa Pura Indonesia. This policy is explicitly set out in
      GCG) di PT Angkasa Pura Indonesia. Kebijakan ini secara          Chapter III regarding the Management of Relationships
      eksplisit diatur dalam Bab III mengenai Pengelolaan              with Stakeholders, particularly in the section on the
      Hubungan dengan Pemangku Kepentingan, khususnya                  Company’s Commitment to Stakeholders, which
      pada bagian Komitmen Perusahaan kepada Pemangku                  emphasizes the principles of equality, independence,
      Kepentingan, yang menegaskan prinsip kesetaraan,                 justice, transparency, and accountability in managing
      kemandirian, keadilan, transparansi, dan akuntabilitas           relationships with Shareholders.
      dalam pengelolaan hubungan dengan Pemegang Saham.




          Kebijakan Komunikasi dengan Pemegang Saham
      Shareholder Communication Policy

      Perusahaan juga memiliki kebijakan komunikasi dengan             The Company also maintains a communication policy
      Pemegang Saham yang mengacu pada ketentuan                       with Shareholders that refers to applicable laws and
      peraturan perundang-undangan yang berlaku, antara                regulations, including POJK No. 14/POJK.04/2022 and the
      lain POJK No. 14/POJK.04/2022 serta Peraturan Menteri            Regulation of the Minister of State-Owned Enterprises No.
      BUMN No. PER-2/MBU/03/2023. Kebijakan ini menjadi                PER-2/MBU/03/2023. This policy serves as the foundation
      landasan dalam memastikan tersedianya saluran                    for ensuring the availability of effective, transparent,
      komunikasi yang efektif, terbuka, dan berkesinambungan           and continuous communication channels between the
      antara Perusahaan dan Pemegang Saham.                            Company and its Shareholders.

      Dalam praktik keterbukaan informasi, Perusahaan telah            In the implementation of information disclosure, the
      mengungkapkan kebijakan komunikasi tersebut melalui              Company has disclosed such communication policy
      situs web resmi Perusahaan sebagai bagian dari komitmen          through its official website as part of its commitment
      terhadap transparansi dan kemudahan akses informasi bagi         to transparency and ease of access to information
      Pemegang Saham maupun investor. Selain itu, Perusahaan           for Shareholders and investors. In addition, the
      juga memanfaatkan berbagai teknologi informasi dan               Company utilizes various information technologies and
      media komunikasi lainnya, termasuk media sosial, surat           communication media, including social media, electronic
      elektronik (email), serta media publikasi luar ruang (out-       mail (email), and out-of-home media, as regulated in
      of-home media), sebagaimana diatur dalam Peraturan               the Board of Directors Regulation No. PD.DU.0001/
      Direksi   Nomor      PD.DU.0001/HM.02.03/2025     tentang        HM.02.03/2025 concerning Guidelines for Corporate
      Pedoman Pengelolaan Komunikasi Perusahaan dan Media              Communication Management and Communication
      Komunikasi di Lingkungan PT Angkasa Pura Indonesia.              Media within PT Angkasa Pura Indonesia.




        Kebijakan Kepemilikan Saham Oleh Anggota Dewan
      Komisaris dan Direksi
      Policy on Share Ownership by Members of the Board of Commissioners and
      Board of Directors


      Perusahaan tidak memiliki ketentuan pelaporan                    The Company does not impose a reporting requirement
      kepemilikan saham dalam jangka waktu tertentu,                   on share ownership within a specified period, considering
      mengingat seluruh saham PT Angkasa Pura Indonesia                that all shares of PT Angkasa Pura Indonesia are indirectly
      dimiliki secara tidak langsung oleh Pemerintah Republik          owned by the Government of the Republic of Indonesia.
      Indonesia. Dengan demikian, tidak terdapat anggota               Accordingly, there are no members of the Board of
      Dewan Komisaris maupun Direksi yang memiliki saham               Commissioners or the Board of Directors who hold shares
      di Perusahaan, sehingga tidak terdapat implementasi              in the Company, and therefore no implementation of
      pelaporan kepemilikan saham sepanjang Tahun Buku                 share ownership reporting was required during the
      yang dilaporkan.                                                 reported financial year.




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DEWAN KOMISARIS
BOARD OF COMMISSIONERS


Dewan Komisaris merupakan Organ Perusahaan yang                         The Board of Commissioners is a corporate organ
bertugas melakukan pengawasan secara umum dan/                          responsible for conducting general and/or specific
atau khusus atas jalannya Perusahaan sesuai dengan                      supervision over the Company’s operations in accordance
Anggaran Dasar Perusahaan, serta memberikan nasihat                     with the Company’s Articles of Association, as well as
kepada Direksi. Tugas dan fungsi Dewan Komisaris                        providing advice to the Board of Directors. The duties and
diatur dalam berbagai peraturan dan ketentuan, baik                     functions of the Board of Commissioners are governed
berdasarkan Undang-Undang Perseroan Terbatas,                           by various laws and regulations, including the Limited
Undang-Undang No. 19 Tahun 2003 tentang BUMN,                           Liability Company Law, Law No. 19 of 2003 on State-
maupun ketentuan yang ditetapkan oleh Komite Nasional                   Owned Enterprises (SOEs), and provisions issued by the
Kebijakan Governance (KNKG). Berdasarkan ketentuan                      National Committee on Governance Policy (NCGP). These
tersebut, peran Dewan Komisaris dalam Perusahaan                        regulations further emphasize the significant role of the
menjadi semakin signifikan.                                             Board of Commissioners within the Company.

Sesuai dengan Undang-Undang No. 40 Tahun 2007                           In accordance with Law No. 40 of 2007 concerning
tentang Perseroan Terbatas, pentingnya peran Dewan                      Limited Liability Companies, the importance of the Board
Komisaris ditegaskan secara jelas. Dewan Komisaris                      of Commissioners’ role is explicitly stipulated. The Board
memiliki tugas dan tanggung jawab yang tidak                            of Commissioners carries duties and responsibilities
lagi sekadar bersifat pelengkap, namun juga turut                       that are no longer merely complementary, but also
menanggung risiko secara pribadi apabila terbukti lalai                 entail personal liability if negligence in performing such
dalam menjalankan tugas dan tanggung jawabnya                           duties and responsibilities is proven in accordance with
sebagaimana diatur dalam peraturan perundang-                           prevailing laws and regulations.
undangan.

Dewan Komisaris PT Angkasa Pura Indonesia diangkat                      The Board of Commissioners of PT Angkasa Pura
oleh Pemegang Saham melalui Surat Keputusan                             Indonesia is appointed by the Shareholders through
mengenai Pemberhentian dan Pengangkatan Anggota                         Decree concerning the Dismissal and Appointment of
Dewan Komisaris PT Angkasa Pura Indonesia. Dewan                        Members of the Board of Commissioners of PT Angkasa
Komisaris juga memiliki tugas untuk memberikan nasihat                  Pura Indonesia. The Board is also responsible for
kepada Direksi, memantau pelaksanaan praktik Good                       providing advice to the Board of Directors, monitoring the
Corporate Governance (GCG), serta memiliki kewenangan                   implementation of Good Corporate Governance (GCG)
untuk melakukan penyesuaian sesuai dengan kebutuhan                     practices, and exercising authority to make adjustments
Perusahaan. Dewan Komisaris bertanggung jawab                           in accordance with the Company’s needs. The Board of
kepada Pemegang Saham.                                                  Commissioners is accountable to the Shareholders.

Dalam melaksanakan tugasnya, anggota Dewan                              In performing their duties, members of the
Komisaris    berpedoman      pada   Peraturan    No.                    Board of Commissioners refer to Regulation No.
PD.01.02/08/2021/2023 tentang Pedoman Tata Kerja                        PD.01.02/08/2021/2023    concerning  the   Board    of
Dewan Komisaris (Board of Commissioners Charter)                        Commissioners Charter and the latest decree regarding
dan Surat Keputusan terbaru tentang pembagian tugas                     the division of duties among members of the Board of
anggota Dewan Komisaris PT Angkasa Pura Indonesia.                      Commissioners of PT Angkasa Pura Indonesia.




    Proses Nominasi dan Pemilihan
Nomination and Selection Process

Persyaratan pemilihan dan pengangkatan calon anggota                     The requirements for the selection and appointment of
Dewan Komisaris meliputi:                                                candidates for the Board of Commissioners include:
1. Persyaratan formal, yaitu orang perseorangan yang                     1. Formal Requirements: Individuals must be legally
   cakap melakukan perbuatan hukum; tidak pernah                            competent to perform legal acts; must not have
   dinyatakan pailit dalam waktu 5 (lima) tahun sebelum                     been declared bankrupt within 5 (five) years prior
   pencalonan; tidak pernah menjadi anggota Direksi,                        to nomination; must not have served as a Director,



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         Dewan Komisaris, atau Dewan Pengawas yang                         Commissioner, or Supervisory Board member who
         dinyatakan bersalah menyebabkan suatu perusahaan                  was found guilty of causing another company to be
         lain dinyatakan pailit dalam kurun waktu 5 (lima) tahun           declared bankrupt within within 5 (five) years prior to
         sebelum pencalonan; serta tidak pernah dihukum                    nomination and must not have been convicted of a
         karena melakukan tindak pidana yang merugikan                     criminal offense causing losses to state finances and/
         keuangan negara dan/atau yang berkaitan dengan                    or related to the financial sector within 5 (five) years
         sektor keuangan dalam kurun waktu 5 (lima) tahun                  prior to nomination.
         sebelum pencalonan.
      2. Persyaratan materiil, yaitu memiliki integritas dan            2. Material Requirements: Candidates must possess
         dedikasi; memahami permasalahan manajemen                         integrity and dedication; understand corporate
         perusahaan yang berkaitan dengan salah satu fungsi                management issues related to at least one
         manajemen; memiliki pengetahuan yang memadai di                   management function; have sufficient knowledge in
         bidang usaha perusahaan tempat yang bersangkutan                  the Company’s business sector; and be able to allocate
         dicalonkan; serta mampu menyediakan waktu yang                    adequate time to perform their duties.
         cukup untuk melaksanakan tugasnya.

      Pengangkatan anggota Dewan Komisaris dilakukan                    The appointment of members of the Board of
      melalui RUPS. Pemegang Saham berwenang untuk                      Commissioners is conducted through a GMS. Shareholders
      memilih Dewan Komisaris yang memiliki keahlian,                   are authorized to select candidates who possess expertise,
      integritas, kejujuran, kepemimpinan, pengalaman,                  integrity, honesty, leadership, experience, good conduct,
      perilaku yang baik, dan dedikasi terhadap Perusahaan              and dedication to the Company through the following
      melalui rangkaian proses: (1) menetapkan kriteria                 process: (1) determining general evaluation criteria for
      penilaian umum calon anggota Dewan Komisaris; (2)                 candidates; (2) establishing a selection team; and (3)
      membentuk tim seleksi calon anggota Dewan Komisaris;              appointing members of the Board of Commissioners,
      dan (3) mengangkat anggota Dewan Komisaris, termasuk              including the President Commissioner.
      Komisaris Utama.




          Evaluasi Kinerja Dewan Komisaris
      Performance Evaluation of the Board of Commissioners

      Evaluasi kinerja Dewan Komisaris dilakukan berdasarkan            The performance of the Board of Commissioners is
      prinsip-prinsip sebagai berikut: Dewan Komisaris wajib            evaluated based on the following principles: The Board of
      mengusulkan kepada RUPS indikator kinerja utama                   Commissioners is required to propose Key Performance
      (Key Performance Indicators/KPI) sebagai tolok ukur               Indicators (KPIs) to the GMS as benchmarks for the
      keberhasilan pelaksanaan fungsi pengawasan sesuai                 effectiveness of its supervisory function in accordance
      dengan ketentuan yang berlaku. Kinerja Dewan Komisaris            with prevailing regulations. The Board’s performance is
      akan dievaluasi oleh Pemegang Saham dalam RUPS.                   evaluated by the Shareholders at the GMS.

      Secara    umum,     kinerja   ditentukan   berdasarkan            In general, performance is assessed based on the
      pemenuhan kewajiban sesuai dengan peraturan                       fulfilment of obligations in accordance with laws and
      perundang-undangan, Anggaran Dasar, serta amanat                  regulations, the Articles of Association, and shareholder
      Pemegang Saham. Kriteria evaluasi formal disampaikan              mandates. The formal evaluation criteria are transparently
      secara terbuka sejak tanggal pengangkatan.                        communicated from the date of appointment.

      Hasil evaluasi, baik secara kolektif maupun individual,           The evaluation results, both collectively and individually,
      menjadi bagian dari skema kompensasi dan insentif. Hasil          form part of the compensation and incentive scheme.
      evaluasi individual juga menjadi dasar pertimbangan bagi          Individual evaluation results also serve as a basis
      Pemegang Saham dalam keputusan pemberhentian atau                 for Shareholders’ decisions regarding dismissal or
      penunjukan kembali, serta sebagai sarana peningkatan              reappointment, as well as a means to enhance the
      efektivitas Dewan Komisaris.                                      effectiveness of the Board of Commissioners.




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    Tugas dan Tanggung Jawab
Duties and Responsibilities

Tugas dan tanggung jawab Dewan Komisaris meliputi                        The duties and responsibilities of the Board of
pengawasan atas kebijakan serta jalannya pengurusan                      Commissioners include overseeing the policies and
Perusahaan oleh Direksi. Prinsip pelaksanaannya                          management of the Company as carried out by the Board
mencakup kepatuhan terhadap Anggaran Dasar dan                           of Directors. The principles of implementation include
peraturan perundang-undangan, pengawasan terhadap                        compliance with the Articles of Association and applicable
pengelolaan oleh Direksi, pemberian nasihat melalui                      laws and regulations, supervision of management,
mekanisme rapat atau secara tertulis, serta pelaksanaan                  provision of advice through meetings or in writing, and
fungsi secara kolegial.                                                  collective decision-making.

Dewan Komisaris tidak melaksanakan fungsi eksekutif,                     The Board of Commissioners does not perform executive
kecuali dalam hal Direksi berhalangan atau tidak ada.                    functions, except in the absence or incapacity of the Board
Dewan Komisaris juga melakukan pengawasan secara                         of Directors. The Board also conducts proactive oversight
proaktif terhadap seluruh aspek kegiatan usaha, serta                    across all aspects of business operations and may engage
dapat menggunakan jasa profesional independen atau                       independent professionals or establish committees to
membentuk komite untuk mendukung pelaksanaan                             support the execution of its duties.
tugasnya.

Tugas   lainnya   mencakup     penyusunan    rencana                     Other responsibilities include preparing work plans,
kerja, pemantauan kepatuhan Direksi, pengawasan                          monitoring the Board of Directors’ compliance, overseeing
manajemen risiko, penelaahan teknologi informasi, serta                  risk management, reviewing information technology, and
pertanggungjawaban pelaksanaan tugas kepada RUPS.                        being accountable to the GMS for the performance of its
                                                                         duties.



    Pengelolaan Benturan Kepentingan dan Afiliasi
Management of Conflicts of Interest and Affiliations

Pengelolaan konflik kepentingan Dewan Komisaris                          The management of conflicts of interest of the Board of
diatur oleh Peraturan Bersama Dewan Komisaris dan                        Commissioners is governed by the Joint Regulation of
Dewan Direksi PT Angkasa Pura Indonesia No. KEP.08/                      the Board of Commissioners and the Board of Directors
DK.API/7/2025, PD.DU.29/PG.03/2025 tanggal 17 Juli                       of PT Angkasa Pura Indonesia No. KEP.08/DK.API/7/2025,
2025 tentang Pedoman Penerapan Prinsip Tata Kelola                       PD.DU.29/PG.03/2025 dated July 17, 2025, regarding the
Perusahaan Yang Baik.                                                    Guidelines for the Implementation of Good Corporate
                                                                         Governance Principles.

Dewan Komisaris dan Direksi berkomitmen untuk                            The Board of Commissioners and Directors are committed
menghindari segala bentuk benturan kepentingan. Dalam                    to avoiding all forms of conflict of interest. In the event
hal terdapat kepentingan pribadi dalam suatu transaksi,                  of a personal interest in a transaction, such interest must
kepentingan tersebut wajib diungkapkan dalam rapat                       be disclosed in a meeting, and the concerned party
dan pihak yang bersangkutan tidak berhak memberikan                      is not entitled to vote. Each member of the Board of
suara. Selain itu, setiap anggota Dewan Komisaris dan                    Commissioners and Directors is also required to submit a
Direksi wajib menyampaikan pernyataan terkait ada atau                   statement regarding the presence or absence of conflict
tidaknya benturan kepentingan sekurang-kurangnya                         of interest at least 1 (once) a year and is prohibited from
1 (satu) kali dalam setahun, serta tidak diperkenankan                   holding concurrent positions that violate applicable
merangkap jabatan yang bertentangan dengan                               regulations.
ketentuan yang berlaku.

Afiliasi mengacu pada hubungan antara anggota Dewan                      Affiliation refers to relationships between members of
Komisaris, Direksi, dan Pemegang Saham Utama atau                        the Board of Commissioners, the Board of Directors, and
Pengendali, yang dapat timbul dari hubungan keluarga,                    controlling shareholders, which may arise from family
kepentingan bisnis, atau asosiasi profesional.                           ties, business interests, or professional associations.

Dewan Komisaris PT Angkasa Pura Indonesia tidak memiliki                 The Board of Commissioners of PT Angkasa Pura Indonesia
hubungan keuangan, kepengurusan, kepemilikan saham,                      does not have financial, managerial, share ownership,



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      dan/atau hubungan keluarga dengan anggota Direksi                 and/or family relationships with other members of the
      lainnya, Dewan Komisaris, dan/atau Pemegang Saham                 Board of Directors, the Board of Commissioners, and/or
      Pengendali maupun hubungan dengan Perusahaan,                     controlling shareholders, nor any relationship with the
      sehingga dapat melaksanakan tugas dan tanggung                    Company, thereby ensuring the independent execution
      jawabnya secara independen.                                       of its duties and responsibilities.




          Wewenang Dewan Komisaris
      Authority of the Board of Commissioners

      Wewenang yang dimiliki Dewan Komisaris dalam                      The authorities held by the Board of Commissioners in
      menjalankan fungsinya adalah sebagai berikut:                     carrying out its functions are as follows:
      1. Menyetujui atau menolak secara tertulis rencana                1. To approve or reject in writing the plans of the Board
         Direksi dalam hal-hal sebagai berikut: mengagunkan                of Directors in the following matters: pledging fixed
         aset tetap untuk memperoleh kredit jangka pendek;                 assets to obtain short-term credit; entering into
         mengadakan kerja sama dengan badan usaha atau                     cooperation agreements with business entities
         pihak lain berupa perjanjian lisensi, kontrak manajemen,          or other parties, including licensing agreements,
         penyewaan aset, Kerja Sama Operasi (KSO), Bangun                  management         contracts,    asset  leasing,  Joint
         Guna Serah (Build Operate Transfer/BOT), Bangun                   Operations (KSO), Build Operate Transfer (BOT), Build
         Milik Serah (Build Own Transfer/BOwT), Bangun Serah               Own Transfer (BOwT), Build Transfer Operate (BTO),
         Guna (Build Transfer Operate/BTO), serta bentuk kerja             and other forms of cooperation with certain values
         sama lainnya dengan nilai atau jangka waktu tertentu              or durations as determined by the GMS; receiving or
         sebagaimana ditetapkan oleh RUPS; menerima atau                   providing medium- or long-term loans, except for
         memberikan pinjaman jangka menengah atau jangka                   loans (receivables or payables) arising from business
         panjang, kecuali pinjaman (utang atau piutang) yang               transactions and loans granted to subsidiaries,
         timbul dari transaksi bisnis serta pinjaman kepada                provided that such loans to subsidiaries are reported
         anak perusahaan, dengan ketentuan bahwa pinjaman                  to the Board of Commissioners; writing off bad debts
         kepada anak perusahaan tersebut dilaporkan kepada                 and obsolete inventories from the accounting records;
         Dewan Komisaris; menghapuskan piutang macet dan                   disposing of movable fixed assets with an economic
         persediaan usang dari pembukuan; melepaskan aset                  useful life commonly applied in the industry of up
         tetap bergerak dengan umur ekonomis yang lazim                    to five years; and determining the organizational
         berlaku dalam industri paling lama lima tahun; serta              structure up to one level below the Board of Directors.
         menetapkan struktur organisasi sampai dengan satu
         tingkat di bawah Direksi.
      2. Memasuki bangunan, halaman, atau tempat lain                   2. To enter buildings, premises, or other places used or
         yang digunakan atau dikuasai oleh Perusahaan, serta               controlled by the Company, and to examine books,
         berhak memeriksa buku, dokumen pendukung,                         supporting documents, inventories, verify cash
         persediaan barang, melakukan verifikasi atas posisi               positions and other securities, and to be informed of
         kas dan surat berharga lainnya, serta mengetahui                  all actions taken by the Board of Directors.
         seluruh tindakan yang telah dijalankan oleh Direksi.
      3. Mengusulkan calon anggota Direksi yang berasal dari            3. To propose candidates for the Board of Directors from
         pejabat satu tingkat di bawah Direksi atau pejabat                among officials one level below the Board of Directors
         yang memiliki kinerja dan prestasi istimewa.                      or individuals with outstanding performance and
                                                                           achievements.
      4. Dengan      suara   terbanyak,   memberhentikan                4. By majority vote, to temporarily suspend one or more
         sementara satu atau lebih anggota Direksi apabila                 members of the Board of Directors if they act contrary
         yang bersangkutan bertindak bertentangan dengan                   to the Articles of Association, neglect their duties,
         Anggaran Dasar, melalaikan kewajibannya, atau                     or if there are urgent reasons for the Company, in
         terdapat alasan mendesak bagi Perusahaan sesuai                   accordance with applicable regulations.
         dengan ketentuan yang berlaku.
      5. Menunjuk anggota Direksi yang ada untuk                        5. To appoint an existing member of the Board of
         menjalankan tugas jabatan Direksi yang lowong                     Directors to carry out the duties of a vacant Directorship
         dengan kewenangan dan tanggung jawab yang sama,                   with the same authority and responsibilities, without
         tanpa mengurangi pelaksanaan tugas utamanya.                      prejudice to their primary duties.
      6. Meminta penjelasan atas setiap hal kepada Direksi,             6. To request explanations from the Board of Directors
         dan Direksi wajib memberikan penjelasan tersebut.                 on any matters, and the Board of Directors is obliged
                                                                           to provide such explanations.



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7. Menjalankan kewenangan lainnya yang diberikan                         7. To exercise any other authority granted by the
   oleh Pemegang Saham melalui RUPS.                                        Shareholders through the General Meeting of
                                                                            Shareholders.
8. Melaksanakan pengawasan atas pengurusan anak                          8. To supervise the management of subsidiaries and
   perusahaan dan perusahaan patungan.                                      joint venture companies.
9. Menyetujui penunjukan pejabat yang diangkat                           9. To approve the appointment of officials serving as
   sebagai Kepala atau Pimpinan Unit Internal Audit dan                     Head or Chief of the Internal Audit Unit and Corporate
   Corporate Secretary.                                                     Secretary.




    Etika Jabatan Dewan Komisaris
Ethical Standards of the Board of Commissioners

Untuk menjaga integritas, Dewan Komisaris wajib                          To maintain integrity, the Board of Commissioners must
memenuhi etika jabatan sebagai berikut:                                  adhere to the following ethical standards:
1. Anggota Dewan Komisaris dilarang melakukan                            1. Members of the Board of Commissioners are
   tindakan yang menimbulkan benturan kepentingan                           prohibited from engaging in actions that give rise to
   (conflict of interest) maupun mengambil keuntungan                       conflicts of interest or from deriving personal benefits
   pribadi dari pengambilan keputusan dan/atau                              from decision-making and/or the implementation of
   pelaksanaan kegiatan Perusahaan, selain dari                             Company activities, other than lawful remuneration.
   penghasilan yang sah.
2. Anggota Dewan Komisaris wajib melaporkan kepada                       2. Members of the Board of Commissioners must report
   Sekretaris Perusahaan mengenai kepemilikan saham,                        to the Corporate Secretary any share ownership
   baik milik sendiri maupun keluarga, pada Perusahaan                      held by themselves and/or their family members in
   dan perusahaan lain, termasuk setiap perubahannya.                       the Company and other companies, including any
                                                                            changes thereto.
3. Anggota Dewan Komisaris wajib melakukan                               3. Members of the Board of Commissioners are required
   pengungkapan apabila terjadi benturan kepentingan.                       to disclose any conflicts of interest. The concerned
   Anggota Dewan Komisaris yang bersangkutan tidak                          member must not be involved in any decision-making
   diperkenankan terlibat dalam proses pengambilan                          process related to such matters.
   keputusan yang berkaitan dengan hal tersebut.
4. Dalam melaksanakan tugas dan fungsinya, setiap                        4. In carrying out their duties and functions, each
   anggota Dewan Komisaris wajib:                                           member of the Board of Commissioners must:
   a. Mematuhi Anggaran Dasar, peraturan perundang-                         a. Comply with the Articles of Association, prevailing
      undangan, serta prinsip-prinsip profesionalisme,                         laws and regulations, as well as the principles
      efisiensi, transparansi, independensi, akuntabilitas,                    of professionalism, efficiency, transparency,
      pertanggungjawaban, dan kewajaran;                                       independence, accountability, responsibility, and
                                                                               fairness;
   b. Melaksanakan       fungsi   pengawasan      dan                       b. Perform oversight functions and provide advice
      memberikan nasihat kepada Direksi dengan                                 to the Board of Directors in good faith, with due
      itikad baik, penuh kehati-hatian, dan tanggung                           care and responsibility, in the best interest of the
      jawab, demi kepentingan Perusahaan serta sesuai                          Company and in accordance with its purposes and
      dengan maksud dan tujuan Perusahaan;                                     objectives;
   c. Melampirkan pakta integritas dalam setiap usulan                      c. Attach an integrity pact to any proposal of the
      Direksi yang memerlukan rekomendasi Dewan                                Board of Directors that requires recommendation
      Komisaris dan persetujuan Pemegang Saham;                                from the Board of Commissioners and approval
      serta                                                                    from the Shareholders; and
   d. Memperbarui surat pernyataan tidak memiliki                           d. Periodically update, or at the beginning of each
      benturan kepentingan secara berkala atau pada                            year, a declaration confirming the absence of any
      setiap awal tahun.                                                       conflict of interest.




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        2025 Highlights       Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




          Pembagian Bidang Tugas Dewan Komisaris
      Division of Duties of the Board of Commissioners

      Sesuai dengan Surat Keputusan No. KEP.06/DK.API/7/2025             In accordance with Decree No. KEP.06/DK.API/7/2025
      tentang Pembagian Tugas Anggota Dewan Komisaris                    concerning the Division of Duties among Members of the
      PT Angkasa Pura Indonesia, tugas Dewan Komisaris                   Board of Commissioners of PT Angkasa Pura Indonesia,
      dibagi sesuai dengan jabatannya masing-masing agar                 the responsibilities of the Board of Commissioners are
      setiap anggota dapat menjalankan tanggung jawab                    allocated based on their respective positions to ensure
      dan wewenangnya secara fokus, efektif, dan efisien, baik           that each member can perform their duties and authority
      secara kolektif maupun individual.                                 in a focused, effective, and efficient manner, both
                                                                         collectively and individually.

                                                   Struktur Pembagian Tugas
                                                     Division of Responsibilities


           Nama                    Jabatan                                     Bidang Tanggung Jawab.
           Name                    Position                                       Area of Responsibility

       Antoni Arif        Komisaris Utama            Melakukan koordinasi dengan segenap anggota dan perangkat Dewan
       Priadi             President Commissioner     Komisaris terkait tugas dan wewenang dewan, serta melakukan
                                                     pengawasan pada bidang teknologi, teknik, operasional perusahaan,
                                                     dan CSR. | Coordinating with all members and organs of the Board of
                                                     Commissioners regarding the board’s duties and authorities, as well as
                                                     overseeing technology, engineering, corporate operations, and CSR.

       Djamaluddin        Komisaris Independen       Melakukan pengawasan pada bidang keuangan, akuntansi, serta
                          Independent                pengawasan pengelolaan bandara di Regional VI-Kalimantan. | Overseeing
                          Commissioner               finance, accounting, and airport management in Regional VI-Kalimantan.

       Erwan Agus         Komisaris                  Melakukan pengawasan pada bidang manajemen risiko, kepatuhan,
       Purwanto           Commissioner               dan GCG, serta pengawasan pengelolaan bandara di Regional
                                                     IV (Yogyakarta, Semarang, Solo, dan Surabaya). | Overseeing risk
                                                     management, compliance, and GCG, as well as airport management
                                                     in Regional IV (Yogyakarta, Semarang, Solo, and Surabaya).

       Eva Yuliana        Komisaris Independen       Melakukan pengawasan di bidang keuangan dan akuntansi,
                          Independent                serta pengawasan pengelolaan bandara di Regional II (Bali,
                          Commissioner               NTB, NTT). | Overseeing finance and accounting, as well as
                                                     airport management in Regional II (Bali, NTB, NTT).

       Imelda Sari        Komisaris Independen       Melakukan pengawasan pada bidang perencanaan dan
                          Independent                pengembangan usaha, pemasaran, dan pelayanan, serta
                          Commissioner               pengawasan pengelolaan bandara di Regional III-Sumatera.
                                                     Overseeing business planning and development, marketing, and
                                                     services, as well as airport management in Regional III-Sumatra.

       Dita Indah         Komisaris                  Melakukan pengawasan pada bidang SDM dan umum, pengelolaan aset,
       Sari               Commissioner               dan pengadaan barang/jasa, serta pengawasan pengelolaan bandara di
                                                     Regional V (Sulawesi, Ambon, Papua). | Overseeing human resources and
                                                     general affairs, asset management, and procurement of goods/services,
                                                     as well as airport management in Regional V (Sulawesi, Ambon, Papua).

       Abdul Muis         Komisaris Independen       Melakukan pengawasan pada bidang teknik dan operasional, serta
                          Independent                pengawasan pengelolaan bandara di Regional I (Jakarta dan Jawa Barat).
                          Commissioner               Overseeing engineering and operations, as well as airport
                                                     management in Regional I (Jakarta and West Java).

       Yunus Nusi         Komisaris Independen       Melakukan pengawasan pada bidang perencanaan dan
                          Independent                pengembangan usaha, pemasaran, dan pelayanan, serta pengawasan
                          Commissioner               pengelolaan bandara di Regional VI-Kalimantan. | Overseeing
                                                     business planning and development, marketing, and services,
                                                     as well as airport management in Regional VI-Kalimantan.

       Elly Engelbert     Komisaris                  Melakukan pengawasan pada bidang manajemen risiko,
       Lasut              Commissioner               kepatuhan, dan GCG, serta pengawasan pengelolaan bandara
                                                     di Regional V (Sulawesi, Ambon, Papua). | Overseeing risk
                                                     management, compliance, and GCG, as well as supervising airport
                                                     management in Regional V (Sulawesi, Ambon, Papua).



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     Masa Jabatan Dewan Komisaris
Term of Office of the Board of Commissioners

Anggota Dewan Komisaris memiliki masa jabatan lima                       Members of the Board of Commissioners serve a five-
tahun dengan tidak mengurangi kewenangan RUPS                            year term, without limiting the authority of the General
untuk memberhentikan para anggota sewaktu-waktu.                         Meeting of Shareholders (GMS) to dismiss members at any
RUPS berhak mengangkat kembali anggota Dewan                             time. The GMS has the right to reappoint members of the
Komisaris untuk satu kali masa jabatan berikutnya                        Board of Commissioners for one additional term after their
setelah masa jabatannya berakhir.                                        current term ends.




  Mekanisme Pemberhentian dan Pengunduran Diri
Dewan Komisaris
Dismissal and Resignation Mechanism of the Board of Commissioners


Berdasarkan Peraturan Menteri BUMN Nomor PER-                            According to the Regulation of the Minister of State-
3/MBU/03/2023, anggota Dewan Komisaris dapat                             Owned Enterprises (SOEs) No. PER-3/MBU/03/2023,
mengundurkan diri dan/atau diberhentikan sewaktu-                        members of the Board of Commissioners may resign and/
waktu sebelum periode jabatannya berakhir dengan                         or be dismissed at any time before the end of their term
berbagai alasan. Beberapa alasan pemberhentian Dewan                     for various reasons. Some grounds for dismissal include:
Komisaris disebabkan karena:
1. Tidak dapat menjalankan tugasnya dengan baik;                         1. Inability to perform duties properly;
2. Melanggar ketentuan anggaran dasar dan/atau                           2. Violation of the company’s Articles of Association and/
   peraturan perundang-undangan;                                            or laws and regulations;
3. Terlibat dalam tindakan yang merugikan BUMN dan/                      3. Involvement in actions that harm the SOE and/or the
   atau negara;                                                             state;
4. Melakukan tindakan yang melanggar etika dan/                          4. Engaging in unethical or improper conduct expected
   atau kepatutan yang seharusnya dihormati sebagai                         of Commissioners or Supervisory Board members of
   anggota Dewan Komisaris dan Dewan Pengawas                               SOEs;
   BUMN;
5. Dinyatakan bersalah dengan putusan pengadilan                         5. Being found guilty by a court decision with permanent
   yang telah mempunyai kekuatan hukum yang tetap;                          legal force; or
   atau
6. Mengundurkan diri.                                                    6. Voluntary resignation.

Anggota Dewan Komisaris dapat diberhentikan oleh                         Members of the Board of Commissioners may be dismissed
Menteri BUMN atau RUPS karena alasan tertentu demi                       by the Minister of State-Owned Enterprises or the General
kepentingan dan tujuan BUMN dan/atau Perusahaan,                         Meeting of Shareholders (GMS) for certain reasons in the
antara lain namun tidak terbatas pada pemberhentian                      interest and objectives of the SOE and/or the Company,
dalam rangka restrukturisasi perusahaan, memasuki usia                   including but not limited to dismissal in the context of
pensiun, dan/atau diangkat menjadi aparatur sipil negara                 corporate restructuring, reaching retirement age, and/
(ASN) sebagai penugasan dari kementerian teknis atau                     or appointment as a civil servant (ASN) as an assignment
instansi pemerintah lainnya.                                             from a technical ministry or other government institution.

Berdasarkan ketentuan Undang-Undang Nomor 19                             Pursuant to the provisions of Law Number 19 of
Tahun 2003 tentang Badan Usaha Milik Negara serta                        2003     concerning    State-Owned      Enterprises     and
Peraturan Pemerintah Nomor 45 Tahun 2005 tentang                         Government Regulation Number 45 of 2005 concerning
Pendirian, Pengurusan, Pengawasan, dan Pembubaran                        the Establishment, Management, Supervision, and
Badan Usaha Milik Negara sebagaimana telah diubah                        Dissolution of State-Owned Enterprises, as amended by
dengan Peraturan Pemerintah Nomor 23 Tahun 2022,                         Government Regulation Number 23 of 2022, the term of
masa jabatan anggota Dewan Komisaris/Dewan                               office of members of the Board of Commissioners/Board
Pengawas dan Direksi BUMN adalah 5 (lima) tahun, dan                     of Supervisors and the Board of Directors of SOEs is 5 (five)
berakhir secara hukum dengan sendirinya apabila:                         years and shall automatically expire by operation of law if:
• Meninggal dunia.                                                       • The individual passes away;
• Masa jabatan berakhir.                                                 • The term ends;



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           2025 Highlights      Management Report     About the Company         Management Discussion and Analysis     Corporate Governance




      •     Tidak lagi memenuhi persyaratan sebagai anggota                •   The individual no longer meets the requirements as
            Dewan Komisaris/Dewan Pengawas dan Direksi                         a Commissioner/Supervisory Board or Director under
            BUMN berdasarkan ketentuan dan peraturan                           applicable laws and regulations.
            perundang-undangan.

      Kebijakan ini tertuang dalam Surat Kementerian Badan                 This policy is outlined in the Indonesian Ministry of SOEs
      Usaha Milik Negara (BUMN) RI No. S-97/DSI. MBU/09/2022               Letter No. S-97/DSI.MBU/09/2022 dated September
      tanggal 20 September 2022 perihal Penegasan                          20, 2022, regarding the Confirmation of the End of the
      Berakhirnya Masa Jabatan Anggota Dewan Komisaris/                    Term of Office of Commissioners, Supervisory Board, and
      Dewan Pengawas dan Direksi Badan Usaha Milik Negara.                 Directors of SOEs.




        Komposisi dan Dasar Pengangkatan Dewan
      Komisaris
      Composition and Basis of Appointment of the Board of Commissioners

      Proses pengangkatan dan pemberhentian anggota                        The appointment and dismissal of Commissioners
      Dewan Komisaris merupakan kewenangan pemegang                        are the authority of shareholders, with the process
      saham yang dalam pelaksanaannya dapat melibatkan                     potentially involving input from Directors and existing
      anggota Direksi dan Dewan Komisaris. Anggota yang                    Commissioners. Selected members must meet the
      terpilih dipastikan telah memenuhi kriteria dan syarat               established fit-and proper test criteria
      yang telah ditentukan dalam uji kelayakan dan kepatutan.



      Komposisi Dewan Komisaris per 31                                     Composition of the Board of
      Desember 2024                                                        Commissioners as of December 31,
                                                                           2024
      Melalui peraturan Pasal 91 Undang-Undang No. 40 Tahun                Pursuant to Article 91 of Law No. 40 of 2007 on Limited
      2007 tentang Perseroan Terbatas di mana pemegang                     Liability Companies, which allows shareholders to
      saham dapat mengambil keputusan yang mengikat di luar                adopt binding resolutions outside the General Meeting
      RUPS dengan syarat semua Pemegang Saham dengan                       of Shareholders (GMS) provided that all shareholders
      hak suara menyetujui secara tertulis, maka melalui SK-203/           with voting rights give their written approval,
      MBU/09/2024 dan KEP.INJ.08.03.01/23/09/2024/A.01041                  through Decree No. SK-203/MBU/09/2024 and No.
      mengenai Pemberhentian dan Pengangkatan Anggota-                     KEP.INJ.08.03.01/23/09/2024/A.01041    regarding    the
      anggota Dewan Komisaris PT Angkasa Pura Indonesia,                   Dismissal and Appointment of Members of the Board
      anggota Dewan Komisaris sebelumnya diberhentikan                     of Commissioners of PT Angkasa Pura Indonesia, the
      dan kemudian diangkat Dewan Komisaris yang baru dan                  previous members of the Board of Commissioners were
      beranggotakan sembilan orang dengan susunan sebagai                  dismissed and subsequently replaced with a new Board
      berikut:                                                             of Commissioners comprising nine members with the
                                                                           following composition:


              Nama                   Jabatan                Dasar Pengangkatan                              Masa Jabatan
              Name                  Position                Basic of Appointment                              Term of Office

          Novie Riyanto      Komisaris Utama          SK-203/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
          Rahardjo           President Commissioner   INJ.08.03.01/23/09/2024/A.01041         September 6, 2024 – May 15, 2025

          Satya Bhakti       Komisaris                SK-203/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
          Parikesit          Commissioner             INJ.08.03.01/23/09/2024/A.01041         September 6, 2024 – May 15, 2025

          Cahyo              Komisaris                SK-203/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
          Rahadian           Commissioner             INJ.08.03.01/23/09/2024/A.01041         September 6, 2024 – May 15, 2025
          Muzhar

          Erwan Agus         Komisaris                SK-203/MBU/09/2024 dan KEP.             6 September 2024 – 5 September 2029
          Putranto           Commissioner             INJ.08.03.01/23/09/2024/A.01041         September 6, 2024 – September 5, 2029

          Irfan Wahid        Komisaris                SK-203/MBU/09/2024 dan KEP.             6 September 2024 – 15 Mei 2025
                             Commissioner             INJ.08.03.01/23/09/2024/A.01041         September 6, 2024 – May 15, 2025



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        Nama                       Jabatan                   Dasar Pengangkatan                           Masa Jabatan
        Name                      Position                  Basic of Appointment                            Term of Office

    Lukman              Komisaris                     SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
    F. Laisa            Commissioner                  INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025

    Djamaluddin         Komisaris Independen          SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 5 September 2029
                        Independent                   INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – September 5, 2029
                        Commissioner

    Achmad              Komisaris Independen          SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 15 Mei 2025
    Syahreza            Independent                   INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – May 15, 2025
                        Commissioner

    Abdul Muis          Komisaris Independen          SK-203/MBU/09/2024 dan KEP.              6 September 2024 – 5 September 2029
                        Independent                   INJ.08.03.01/23/09/2024/A.01041          September 6, 2024 – September 5, 2029
                        Commissioner



Komposisi Dewan Komisaris per 31                                             Composition of the Board of
Desember 2025                                                                Commissioners as of December 31,
                                                                             2025
Melalui peraturan Pasal 91 Undang-undang Nomor                               Pursuant to Article 91 of Law No. 40 of 2007 on Limited
40 Tahun 2007 tentang Perseroan Terbatas di mana                             Liability Companies, which stipulates that shareholders
pemegang saham dapat mengambil keputusan yang                                may adopt binding resolutions outside the General
mengikat di luar RUPS dengan syarat semua Pemegang                           Meeting of Shareholders (GMS) provided that all
Saham dengan hak suara menyetujui secara tertulis,                           shareholders with voting rights give their written
maka melalui:                                                                approval, therefore through:

•     Surat Keputusan No. SK-129/MBU/05/2025 dan No.                         •   Decree No. SK-129/MBU/05/2025 and           No.   KEP.
      KEP.DU.02/08.03.01/16/05/2025 pada 16 Mei 2025, serta                      DU.02/08.03.01/16/05/2025, as well as
•     Surat Keputusan No. SK-197/MBU/07/2025 dan No.                         •   Decree No. SK-197/MBU/07/2025 and           No.   KEP.
      KEP.DU.01/08.03.01/04/07/2025 pada 4 Juli 2025                             DU.01/08.03.01/04/07/2025

mengenai     Pemberhentian     dan    Pengangkatan                           regarding the Dismissal and Appointment of Members of
Anggota-anggota Dewan Komisaris PT Angkasa Pura                              the Board of Commissioners of PT Angkasa Pura Indonesia,
Indonesia, maka anggota Dewan Komisaris sebelumnya                           the previous members of the Board of Commissioners
diberhentikan dan kemudian diangkat Dewan Komisaris                          were dismissed and subsequently replaced with a new
yang baru dan beranggotakan sembilan orang dengan                            Board of Commissioners comprising nine members with
susunan sebagai berikut:                                                     the following composition:




        Nama                       Jabatan                   Dasar Pengangkatan                           Masa Jabatan
        Name                       Position                 Basic of Appointment                            Term of Office

    Antoni Arif         Komisaris Utama               SK-129/MBU/05/2025 dan                   Sejak 16 Mei 2025
    Priadi              President Commissioner        KEP.DU.02/08.03.01/16/05/2025            Since May 16, 2025


    Erwan Agus          Komisaris                     SK-203/MBU/09/2024 dan KEP.              Sejak 6 September 2024
    Purwanto            Commissioner                  INJ.08.03.01/23/09/2024/A.01041          Since September 6, 2024

    Dita Indah Sari     Komisaris                     SK-129/MBU/05/2025 dan                   Sejak 16 Mei 2025
                        Commissioner                  KEP.DU.02/08.03.01/16/05/2025            Since May 16, 2025

    Elly Engelbert      Komisaris                     SK-197/MBU/07/2025 dan                   Sejak 4 Juli 2025
    Lasut               Commissioner                  KEP.DU.01/08.03.01/04/07/2025            Since July 4, 2025

    Djamaluddin         Komisaris Independen          SK-203/MBU/09/2024 dan KEP.              Sejak 6 September 2024
                        Independent                   INJ.08.03.01/23/09/2024/A.01041          Since September 6, 2024
                        Commissioner

    Imelda Sari         Komisaris Independen          SK-129/MBU/05/2025 dan                   Sejak 16 Mei 2025
                        Independent                   KEP.DU.02/08.03.01/16/05/2025            Since May 16, 2025
                        Commissioner


                                                                                           PT Angkasa Pura Indonesia 2025 Annual Report   259
Page 260
        Ikhtisar 2025          Laporan Manajemen    Tentang Perusahaan        Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights        Management Report    About the Company         Management Discussion and Analysis        Corporate Governance




           Nama                     Jabatan               Dasar Pengangkatan                              Masa Jabatan
           Name                    Position               Basic of Appointment                              Term of Office

      Eva Yuliana           Komisaris Independen   SK-129/MBU/05/2025 dan                   Sejak 16 Mei 2025
                            Independent            KEP.DU.02/08.03.01/16/05/2025            Since May 16, 2025
                            Commissioner

      Abdul Muis            Komisaris Independen   SK-203/MBU/09/2024 dan KEP.              Sejak 6 September 2024
                            Independent            INJ.08.03.01/23/09/2024/A.01041          Since September 6, 2024
                            Commissioner

      Yunus Nusi            Komisaris Independen   SK-197/MBU/07/2025 dan                   Sejak 4 Juli 2025
                            Independent            KEP.DU.01/08.03.01/04/07/2025            Since July 4, 2025
                            Commissioner

      Ni Luh Enik           Komisaris              SK-129/MBU/05/2025 dan                   16 Mei 2025 – 4 Juli 2025
      Ermawati              Commissioner           KEP.DU.02/08.03.01/16/05/2025            May 16, 2025 – July 4, 2025




          Pernyataan Independensi Komisaris Independen
      Statement of Independence of the Independent Commissioners

      Dari 9 (sembilan) anggota Dewan Komisaris, terdapat                Out of the 9 (nine) members of the Board of Commissioners,
      5 (lima) Komisaris Independen, yaitu Eva Yuliana,                  there are 5 (five) Independent Commissioners, they are Eva
      Djamaluddin, Abdul Muis, Imelda Sari, dan Yunus Nusi.              Yuliana, Djamaluddin, Abdul Muis, Imelda Sari, and Yunus
      Komisaris Independen PT Angkasa Pura Indonesia telah               Nusi. The Independent Commissioners of PT Angkasa Pura
      memenuhi kriteria sebagaimana ditetapkan dalam                     Indonesia meet the criteria stipulated under the Regulation
      Peraturan Menteri BUMN No. PER-01/MBU/2011. Selain                 of the Minister of State-Owned Enterprises No. PER-01/
      itu, Komisaris Independen juga telah memenuhi kriteria             MBU/2011. Furthermore, the Independent Commissioners
      sebagaimana diatur dalam Board Manual.                             have also fulfilled the criteria set forth in the Board Manual.



                                              Independensi Komisaris Independen
                                          Independence of the Independent Commissioners


                           Aspek Independensi                      Eva         Djamaluddin          Abdul          Imelda        Yunus
                          Aspect of Independence                  Yuliana                           Muis            Sari          Nusi


       Tidak memiliki hubungan keuangan                                                                                         
       dengan Dewan Komisaris dan Direksi.
       Has no financial relationship with the Board of
       Commissioners and the Board of Directors.

       Tidak memiliki hubungan kepengurusan                                                                                     
       di Perusahaan, anak perusahaan,
       maupun perusahaan afiliasi.
       Has no managerial relationship with the Company,
       its subsidiaries, or affiliated companies.

       Tidak memiliki kepemilikan saham di Perusahaan.                                                                          
       Has no share ownership in the Company.

       Tidak memiliki hubungan keluarga dengan Dewan                                                                            
       Komisaris, Direksi, dan/atau sesama anggota Komite.
       Has no family relationship with the Board
       of Commissioners, Board of Directors, and/
       or fellow members of the Committee.

       Tidak menjabat sebagai pengurus partai politik,                                                                          
       pejabat pemerintah, dan/atau aparatur sipil negara.
       Does not serve as a political party official,
       government official, and/or civil servant.




260   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 261
  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




     Rapat Dewan Komisaris
Board of Commissioners Meetings

Prosedur dan persyaratan rapat Dewan Komisaris diatur                    The procedures and requirements for Board of
dalam Board of Commissioners Charter. Ketentuan                          Commissioners meetings are governed by the Board of
utama rapat adalah sebagai berikut:                                      Commissioners Charter. The key provisions are as follows:
1. Rapat Dewan Komisaris terdiri atas rapat internal,                    1. Meetings include internal meetings, joint meetings
   rapat gabungan dengan Direksi, rapat dengan                              with the Board of Directors, meetings with
   Pemegang Saham, rapat dengan instansi lain, serta                        shareholders, meetings with external institutions, and
   rapat dengan organ atau komite Dewan Komisaris.                          meetings with Board committees.
2. Dewan Komisaris wajib menyelenggarakan rapat                          2. The Board of Commissioners is required to hold
   secara berkala paling sedikit 1 (satu) kali dalam sebulan.               meetings at least 1 (once) a month. In 2025, meetings
   Pada tahun 2025, rapat direncanakan dilaksanakan                         were planned to be held in the fourth week of each
   pada minggu ke-4 setiap bulan.                                           month.
3. Dewan Komisaris wajib menyelenggarakan rapat                          3. Joint meetings with the Board of Directors must be
   gabungan dengan Direksi paling sedikit 1 (satu) kali                     held at least 1 (once) a month.
   dalam sebulan.
4. Rapat dianggap sah apabila dihadiri oleh mayoritas                    4. Meetings are valid if attended by a majority of the
   anggota Dewan Komisaris.                                                 members.
5. Pengambilan keputusan dilakukan berdasarkan                           5. Decisions are made based on deliberation for
   musyawarah untuk mufakat. Apabila tidak tercapai,                        consensus; if consensus is not achieved, decisions are
   keputusan diambil berdasarkan suara terbanyak dan                        made by majority vote and are binding.
   bersifat mengikat bagi seluruh anggota.
6. Materi rapat didistribusikan paling lambat 5 (lima)                   6. Meeting materials are distributed no later than 5 (five)
   hari sebelum rapat, kecuali untuk rapat di luar jadwal                   days prior to the meeting, except for ad hoc meetings.
   reguler.
7. Rapat dipimpin oleh Komisaris Utama atau anggota                      7. Meetings are chaired by the President Commissioner
   yang ditunjuk.                                                           or a designated member.
8. Seluruh rapat didokumentasikan dalam risalah                          8. All meetings are documented in minutes, distributed
   rapat yang didistribusikan kepada seluruh anggota                        to all members, and archived officially, including any
   dan diarsipkan secara resmi, termasuk pencatatan                         dissenting opinions along with their justifications.
   perbedaan pendapat beserta alasannya.




     Rencana dan Realisasi Rapat
Meeting Plan and Realization

Pada     tahun   2025,     Dewan   Komisaris    telah                    In 2025, the Board of Commissioners conducted 28
menyelenggarakan 28 (dua puluh delapan) rapat Dewan                      (twenty-eight) Board of Commissioners meetings
Komisaris dengan agenda pembahasan isu strategis                         covering agendas such as the Company’s strategic
Perusahaan, Rencana Jangka Panjang Perusahaan                            issues, Long-Term Corporate Plan (RJPP), periodic
(RJPP), laporan manajemen berkala, penetapan Kantor                      management reports, appointment of Public Accounting
Akuntan Publik (KAP), kepatuhan terhadap peraturan                       Firms, regulatory compliance, proposals from the Board
perundang-undangan, usulan Direksi, rencana kerja                        of Directors, the 2025 work plan, follow-up on audit
tahun 2025, tindak lanjut temuan audit, permasalahan                     findings, urgent matters, as well as monitoring subsidiary
mendesak, serta pemantauan kinerja anak perusahaan                       performance and risk management.
dan manajemen risiko.



Frekuensi dan Absensi Rapat Dewan                                        Meetings Frequency and Attendance
Komisaris                                                                of the Board of Commissioners
Adapun kehadiran rapat anggota Dewan Komisaris pada                      The attendance of the Board of Commissioners’ meeting
tahun 2025 adalah sebagai berikut:                                       in 2025 is as follows:




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Page 262
        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company    Management Discussion and Analysis   Corporate Governance




                                               Rapat Internal Dewan Komisaris
                                       Internal Meetings of the Board of Commissioners


        Nama Anggota            Jabatan              Keterangan         Jumlah Wajib             Jumlah         Persentase
        Member Name             Position             Description           Rapat                Kehadiran       Kehadiran
                                                                          Number of               Rapat           Rapat
                                                                          Obligatory            Number         Percentage
                                                                          Meetings             of Meeting      of Meeting
                                                                                               Attendance      Attendance

      Antoni Arif Priadi   Komisaris Utama      Mulai menjabat sejak           9                     9              100%
                           President            16 Mei 2025.
                           Commissioner         Appointed as of
                                                May 16, 2025.

      Erwan Agus           Komisaris            Mulai menjabat sejak           13                    13             100%
      Purwanto             Commissioner         6 September 2024.
                                                Appointed as of
                                                September 6, 2024.


      Elly Engelbert       Komisaris            Mulai menjabat sejak           7                     7              100%
      Lasut                Commissioner         4 Juli 2025.
                                                Appointed as of
                                                July 4, 2025.

      Dita Indah Sari      Komisaris            Mulai menjabat sejak           9                     9              100%
                           Commissioner         16 Mei 2025.
                                                Appointed as of
                                                May 16, 2025.

      Eva Yuliana          Komisaris            Mulai menjabat sejak           9                     9              100%
                           Independen           16 Mei 2025.
                           Independent          Appointed as of
                           Commissioner         May 16, 2025.

      Djamaluddin          Komisaris            Mulai menjabat sejak           13                    13             100%
                           Independen           6 September 2024.
                           Independent          Appointed as of
                           Commissioner         September 6, 2024.

      Abdul Muis           Komisaris            Mulai menjabat sejak           13                    13             100%
                           Independen           6 September 2024.
                           Independent          Appointed as of
                           Commissioner         September 6, 2024.

      Imelda Sari          Komisaris            Mulai menjabat sejak           9                     9              100%
                           Independen           16 Mei 2025.
                           Independent          Appointed as of
                           Commissioner         May 16, 2025.

      Yunus Nusi           Komisaris            Mulai menjabat sejak           7                     7              100%
                           Independen           4 Juli 2025.
                           Independent          Appointed as of
                           Commissioner         July 4, 2025.

      Novie Riyanto        Komisaris Utama      Pemberhentian sejak            4                     4              100%
      Rahardjo             President            15 Mei 2025.
                           Commissioner         Confirmed dismissal
                                                as of May 15, 2025.

      Satya Bhakti         Komisaris            Pemberhentian                  4                     4              100%
      Parkesit             Commissioner         sejak 15 Mei 2025.
                                                Confirmed dismissal
                                                as of May 15, 2025.

      Cahyo Rahadian       Komisaris            Pemberhentian                  4                     4              100%
      Muzhar               Commissioner         sejak 15 Mei 2025.
                                                Confirmed dismissal
                                                as of May 15, 2025.




262   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 263
 Tanggung Jawab Sosial dan Lingkungan (TJSL)           Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)        Consolidated Financial Statements




 Nama Anggota                  Jabatan                   Keterangan                 Jumlah Wajib        Jumlah           Persentase
 Member Name                   Position                  Description                   Rapat           Kehadiran         Kehadiran
                                                                                      Number of          Rapat             Rapat
                                                                                      Obligatory        Number          Percentage
                                                                                      Meetings         of Meeting       of Meeting
                                                                                                       Attendance       Attendance

Irfan Wahid             Komisaris                  Pemberhentian sejak                     4                4              100%
                        Commissioner               sejak 3 Juli 2025.
                                                   Confirmed dismissal
                                                   as of July 3, 2025.

Lukman F. Laisa         Komisaris                  Pemberhentian sejak                     1                1              100%
                        Commissioner               sejak 23 Januari 2025.
                                                   Confirmed dismissal
                                                   as of January 23, 2025.

Achmad                  Komisaris                  Pemberhentian sejak                     4                4              100%
Syah Reza               Independen                 sejak 15 Mei 2025.
                        Independent                Confirmed dismissal
                        Commissioner               as of May 15, 2025.

Ni Luh Enik             Komisaris                  Pemberhentian sejak                     2                2              100%
Ernawati                Independen                 sejak 3 Juli 2025.
                        Independent                Confirmed dismissal
                        Commissioner               as of July 3, 2025.




                                                  Rapat Gabungan dengan Direksi
                                            Joint Meetings with the Board of Directors


 Nama Anggota                  Jabatan                   Keterangan                 Jumlah Wajib        Jumlah           Persentase
 Member Name                   Position                  Description                   Rapat           Kehadiran         Kehadiran
                                                                                      Number of          Rapat             Rapat
                                                                                      Obligatory        Number          Percentage
                                                                                      Meetings         of Meeting       of Meeting
                                                                                                       Attendance       Attendance

Antoni Arif Priadi      Komisaris Utama            Mulai menjabat sejak                    10              10              100%
                        President                  16 Mei 2025.
                        Commissioner               Appointed as of
                                                   May 16, 2025.

Erwan Agus              Komisaris                  Mulai menjabat sejak                    15              15              100%
Purwanto                Commissioner               6 September 2024.
                                                   Appointed as of
                                                   September 6, 2024.
                                                   Ditunjuk kembali pada
                                                   6 September 2025.
                                                   Reappointed as of
                                                   September 6, 2025.

Elly Engelbert          Komisaris                  Mulai menjabat sejak                    8                8              100%
Lasut                   Commissioner               4 Juli 2025.
                                                   Appointed as of
                                                   July 4, 2025.

Dita Indah Sari         Komisaris                  Mulai menjabat sejak                    10              10              100%
                        Commissioner               16 Mei 2025.
                                                   Appointed as of
                                                   May 16, 2025.

Eva Yuliana             Komisaris                  Mulai menjabat sejak                    10              10              100%
                        Independen                 16 Mei 2025.
                        Independent                Appointed as of
                        Commissioner               May 16, 2025.




                                                                                           PT Angkasa Pura Indonesia 2025 Annual Report   263
Page 264
        Ikhtisar 2025     Laporan Manajemen      Tentang Perusahaan     Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report      About the Company      Management Discussion and Analysis   Corporate Governance




        Nama Anggota           Jabatan              Keterangan           Jumlah Wajib             Jumlah         Persentase
        Member Name            Position             Description             Rapat                Kehadiran       Kehadiran
                                                                          Number of                Rapat           Rapat
                                                                          Obligatory             Number         Percentage
                                                                          Meetings              of Meeting      of Meeting
                                                                                                Attendance      Attendance

      Djamaluddin         Komisaris           Mulai menjabat sejak              15                    15            100%
                          Independen          6 September 2024.
                          Independent         Appointed as of
                          Commissioner        September 6, 2024.
                                              Ditunjuk kembali pada
                                              6 September 2025.
                                              Reappointed as of
                                              September 6, 2025.

      Abdul Muis          Komisaris           Mulai menjabat sejak              15                    15            100%
                          Independen          6 September 2024.
                          Independent         Appointed as of
                          Commissioner        September 6, 2024.
                                              Ditunjuk kembali pada
                                              6 September 2025.
                                              Reappointed as of
                                              September 6, 2025.

      Imelda Sari         Komisaris           Mulai menjabat sejak              10                    10            100%
                          Independen          16 Mei 2025.
                          Independent         Appointed as of
                          Commissioner        May 16, 2025.

      Yunus Nusi          Komisaris           Mulai menjabat sejak              8                     8             100%
                          Independen          4 Juli 2025.
                          Independent         Appointed as of
                          Commissioner        July 4, 2025.

      Novie Riyanto       Komisaris Utama     Pemberhentian sejak               5                     5             100%
      Rahardjo            President           sejak 15 Mei 2025.
                          Commissioner        Confirmed dismissal
                                              as of May 15, 2025.

      Satya Bhakti        Komisaris           Pemberhentian sejak               5                     5             100%
      Parkesit            Commissioner        sejak 15 Mei 2025.
                                              Confirmed dismissal
                                              as of May 15, 2025.

      Cahyo Rahadian      Komisaris           Pemberhentian sejak               5                     5             100%
      Muzhar              Commissioner        sejak 15 Mei 2025.
                                              Confirmed dismissal
                                              as of May 15, 2025.

      Irfan Wahid         Komisaris           Pemberhentian sejak               5                     5             100%
                          Commissioner        sejak 3 Juli 2025.
                                              Confirmed dismissal
                                              as of July 3, 2025.

      Lukman F. Laisa     Komisaris           Pemberhentian sejak               2                     2             100%
                          Commissioner        23 Januari 2025.
                                              Confirmed dismissal
                                              as of January 23, 2025.

      Achmad              Komisaris           Pemberhentian sejak               5                     5             100%
      Syah Reza           Independen          sejak 15 Mei 2025.
                          Independent         Confirmed dismissal
                          Commissioner        as of May 15, 2025.

      Ni Luh Enik         Komisaris           Pemberhentian sejak               2                     2             100%
      Ernawati            Independen          sejak 3 Juli 2025.
                          Independent         Confirmed dismissal
                          Commissioner        as of July 3, 2025.




264   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 265
   Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
   Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




Agenda Rapat Internal                                                      Internal Meeting Agenda
Pada tahun 2025, Dewan Komisaris telah menyelenggarakan                    In 2025, the Board of Commissioners held 13 (thirteen)
13 (tiga belas) rapat Dewan Komisaris dengan tingkat                       Board of Commissioners meetings with attendance rates
kehadiran dan agenda sebagaimana tercantum dalam                           and agendas as presented in the following table.
tabel berikut.


      Tanggal Rapat                                                            Agenda Rapat
      Meeting Date                                                           Meeting Agenda

 21 Januari 2025                1.   Persetujuan Peraturan Manajemen Risiko.
 January 21, 2025               2.   Penandatanganan KPI Tahun 2024.
                                3.   Penandatanganan Surat Saham.
                                4.   (Rapat Terbatas) Pengusulan perwakilan PT API sebagai Direksi di PT BIB.
                                1.   Approval of Risk Management Regulations.
                                2.   Signing of the 2024 Key Performance Indicators (KPIs).
                                3.   Signing of Share Certificates.
                                4.   (Executive Session) Nomination of PT API representatives
                                     for the Board of Directors of PT BIB.

 24 Februari 2025               1.   Evaluasi Sistem Manajemen Anti Penyuapan (SMAP) dan Code of
 February 24, 2025                   Conduct (COC) Tahun 2024 dan Tindak Lanjut di Tahun 2025.
                                2.   Laporan Realisasi PMN tunai tahun Anggaran 2015 dan 2016 Periode
                                     IV Tahun 2024 dan Penambahan PMN Non-Tunai Tahun Anggaran
                                     2023 di Bandara Kertajatigaran 2023 di Bandara Kertajati.
                                3.   Evaluasi Whistleblowing System (WBS) Tahun 2024.
                                4.   Lain-lain Pembagian tugas Dewan Komisaris dan Penyelesaian pending matters.
                                1.   Evaluation of the 2024 Anti-Bribery Management System (SMAP) and Code of Conduct.
                                2.   (COC), and Follow-up Actions for 2025.
                                3.   Report on the Realization of Cash State Capital Injection (PMN) for Fiscal Years 2015 and 2016
                                     (Period IV 2024) and the Addition of Non-Cash PMN for Fiscal Year 2023 at Kertajati Airport.
                                4.   Evaluation of the 2024 Whistleblowing System (WBS).
                                5.   Others: Distribution of Board of Commissioners’ duties and settlement of pending matters.


 14 Maret 2025                  1.   Pembahasan Realisasi Key Performance Indicator Direksi Kinerja Tahun 2024.
 March 14, 2025                 2.   Pembahasan Profil Risiko AP Indonesia Tahun 2025.
                                3.   Pembahasan Highlight Annual Audit Plan Tahun 2025.
                                4.   Penandatanganan Laporan Manajemen Unaudited 2024.
                                5.   Pembahasan Rencana Posko Lebaran 2025.
                                1.   Discussion on the 2024 Key Performance Indicator (KPI)
                                     Realization for the Board of Directors.
                                2.   Discussion on the 2025 AP Indonesia Risk Profile.
                                3.   Discussion on the 2025 Annual Audit Plan Highlights.
                                4.   Signing of the 2024 Unaudited Management Report.
                                5.   Discussion on the 2025 Eid (Lebaran) Command Post Planning.

 29 April 2025                  1.   Laporan Pengawasan Dewan Komisaris dan Komite
 April 29, 2025                      PT Angkasa Pura Indonesia Tahun 2024.
                                2.   Penyampaian Asesmen GCG Dan Penerapan Manajemen Risiko, Key
                                     Performance Indicator (KPI) Direksi Tahun 2025, Finalisasi Laporan
                                     AUP PT Angkasa Pura Indonesia Tahun Buku 2024.
                                3.   Persiapan Rapat Umum Pemegang Saham (RUPS).
                                4.   Lain-lain.
                                1.   2024 Oversight Report of the Board of Commissioners and
                                     Committees of PT Angkasa Pura Indonesia.
                                2.   Submission of GCG Assessment and Risk Management Implementation,
                                     2025 Board of Directors’ Key Performance Indicators (KPIs), and Finalization
                                     of the Agreed-Upon Procedures (AUP) Report for Fiscal Year 2024.
                                3.   Preparation for the General Meeting of Shareholders (GMS).
                                4.   Others




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   265
Page 266
        Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report       About the Company       Management Discussion and Analysis   Corporate Governance




           Tanggal Rapat                                                 Agenda Rapat
           Meeting Date                                                 Meeting Agenda

      27 Mei 2025              1.   Perkenalan Dewan Komisaris dan Organ Pendukung.
      May 27, 2025             2.   Pemaparan Kinerja Triwulan I oleh Komite.
                               3.   Pembagian Tugas Dewan Komisaris.
                               4.   Persiapan RUPS Tahunan Periode Tahun Buku 2024.
                               1.   Introduction of the Board of Commissioners and Supporting Organs.
                               2.   Presentation of First Quarter (Q1) Performance by the Committees.
                               3.   Distribution of Duties for the Board of Commissioners.
                               4.   Preparation for the Annual General Meeting of Shareholders (AGMS) for Fiscal Year 2024.

      25 Juni 2025             1.   Tanggapan Laporan PMN Triwulan I Tahun 2025.
      June 25, 2025            2.   Laporan Kunjungan Komisaris ke Daerah.
                               3.   Update Program Kerja PT Angkasa Pura Indonesia.
                               4.   Pembagian Wilayah Regional Dewan Komisaris.
                               1.   1Response to the First Quarter (Q1) 2025 State Capital Injection (PMN) Report.
                               2.   Report on the Commissioners’ Regional Site Visits.
                               3.   Update on PT Angkasa Pura Indonesia’s Work Program.
                               4.   Allocation of Regional Oversight Territories for the Board of Commissioners.

      29 Juli 2025             1. Pembahasan Kinerja Semester I Tahun 2025 PT Angkasa Pura Indones.
      July 29, 2025            2. Usulan Persetujuan Peraturan Direksi tentang Standar Operasional Prosedur (SOP)
                                  Kerja Sama dan Batasan Kewenangan Kerja Sama di PT Angkasa Pura Indonesia.
                               3. Evaluasi 12 Corporate Top Risk & Risiko Penurunan Value Program
                                  Strategis (KSO di Bandar Udara Halim Perdana Kusuma).
                               4. Evaluasi kinerja Sumber Daya Manusia (SDM) s.d. Triwulan
                                  II Tahun 2025 PT Angkasa Pura Indonesia.
                               1. Discussion on the First Half (H1) 2025 Performance of PT Angkasa Pura Indonesia.
                               2. Proposed Approval of the Board of Directors’ Regulation concerning
                                  Standard Operating Procedures (SOP) for Cooperation and Cooperation
                                  Authority Limits within PT Angkasa Pura Indonesia.
                               3. Evaluation of the 12 Corporate Top Risks and Value Degradation Risks of Strategic
                                  Programs (Joint Operation/KSO at Halim Perdanakusuma Airport).
                               4. Human Resources (HR) Performance Evaluation through the Second
                                  Quarter (Q2) of 2025 for PT Angkasa Pura Indonesia.

      27 Agustus 2025          1. Penghapusbukuan Aktiva Tetap berupa Kendaraan Operasional.
      August 27, 2025          2. Monitoring Tindak Lanjut Hasil Risk Maturity Index Tahun Buku 2024 PT Angkasa Pura
                                  Indonesia dan Evaluasi Progress 12 Corporate Top Risk Periode bulan Juni-Juli.
                               3. Evaluasi Permohonan Revisi RKAP Tahun 2025.
                               1. Write-off of Fixed Assets (Operational Vehicles).
                               2. Monitoring the Follow-up of the 2024 Risk Maturity Index Results and Evaluating
                                  the Progress of the 12 Corporate Top Risks for the June-July Period.
                               3. Evaluation of the Proposed 2025 Budget (RKAP) Revision.

      29 September 2025        1. Rencana Penyertaan Saham pada PT GMFI melalui inbreng GMF.
      September 29, 2025       2. Tanggapan Revisi Alokasi Investasi RKAP 2025 dan Usulan RKAP 2026.
                               3. Laporan Pengawasan Dewan Komisaris Semester I Tahun 2025.
                               1. Plan for Equity Participation in PT GMFI through GMF Asset Contribution (Inbreng).
                               2. Response to the Revised 2025 Budget (RKAP) Investment
                                  Allocation and the Proposed 2026 Budget (RKAP).
                               3. Board of Commissioners’ Oversight Report for the First Half (H1) of 2025.

      15 Oktober 2025          1.   Pembahasan dan Penandatanganan Dokumen (Pakta Integritas,
      October 15, 2025              Kontrak Manajemen dan KPI, Pembagian Tugas Dekom).
                               2.   Update Rencana Inbreng Aset Lahan ke GMF.
                               3.   Struktur Organisasi Dewan Komisaris.
                               1.   Discussion and Signing of Documents (Integrity Pact, Management
                                    Contract and KPIs, Distribution of Board of Commissioners’ Duties).
                               2.   Update on the Plan for Land Asset Contribution (Inbreng) to GMF.
                               3.   Organizational Structure of the Board of Commissioners.




266   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 267
  Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




        Tanggal Rapat                                                          Agenda Rapat
        Meeting Date                                                         Meeting Agenda

 22 Oktober 2025                1.   Pembahasan usulan agenda Rapat Gabungan Dewan
 October 22, 2025                    Komisaris dengan Direksi bulan Oktober 2025.
                                2.   Pembahasan update progres Persetujuan Dewan Komisaris untuk penempatan
                                     perwakilan PT API sebagai Komisaris dan Direksi pada anak perusahaan (KNR).
                                3.   Penandatangan Dokumen yang belum lengkap.
                                1.   Discussion on the proposed agenda for the Joint Meeting of the Board
                                     of Commissioners and the Board of Directors for October 2025.
                                2.   Discussion on the progress update of the Board of Commissioners’ Approval regarding the
                                     placement of PT API representatives as Commissioners and Directors in subsidiaries (KNR).
                                3.   Signing of outstanding/incomplete documents.

 19 November 2025               1. Pembahasan Materi Rapat Komite Tata Kelola Terintegrasi (KTKT).
 November 19, 2025              2. Pembahasan Rencana Pendalaman Bidang Tugas Direksi PT Angkasa Pura Indonesia.
                                3. Pembahasan Finalisasi RKA Dewan Komisaris Tahun 2026.
                                1. Discussion on the materials for the Integrated Governance Committee (KTKT) Meeting.
                                2. Discussion on the plan for an in-depth review of the Board of Directors’
                                   areas of responsibility at PT Angkasa Pura Indonesia.
                                3. Discussion on the finalization of the 2026 Board of Commissioners’ Budget (RKA).

 29 Desember 2025               1. Finalisasi Surat Dewan Komisaris terkait Persetujuan Pendanaan Eksternal.
 December 29, 2025              2. Finalisasi Surat Dewan Komisaris terkait Persetujuan
                                   Pembayaran Dividen Interim Tahun Buku 2025.
                                1. Finalization of the Board of Commissioners’ Letter
                                   regarding the Approval of External Financing.
                                2. Finalization of the Board of Commissioners’ Letter regarding
                                   the Approval of the 2025 Interim Dividend Payment.




Agenda Rapat Gabungan Dengan                                              Joint Meeting Agenda with the
Direksi                                                                   Board of Directors
Pada    tahun    2025,   Dewan    Komisaris   telah                       In 2025, the Board of Commissioners held 15 (fifteen) joint
menyelenggarakan 15 (lima belas) rapat gabungan                           meetings with the Board of Directors with attendance
dengan Direksi dengan tingkat kehadiran dan agenda                        rates and agendas as presented in the following table.
sebagaimana tercantum dalam tabel berikut.




  No.          Tanggal Rapat                                                       Agenda Rapat
                Meeting Date                                                      Meeting Agenda

   1      7 Januari 2025                 Perkembangan Audit Merger PT Angkasa Pura Indonesia dan Interim Audit Laporan
          January 7, 2025                Keuangan Konsolidasi PT Angkasa Pura Indonesia Group Tahun Buku 2024.
                                         Progress of the PT Angkasa Pura Indonesia Merger Audit and the Interim Audit of PT
                                         Angkasa Pura Indonesia Group Consolidated Financial Statements for Fiscal Year 2024.

   2      21 Januari 2025                1.   Evaluasi Pelaksanaan Pelayanan Nataru dan Persiapan Operasional T2 CGK untuk
          January 21, 2025                    Umroh.
                                         2.   Progress Pelaksanaan Audit oleh KAP.
                                         3.   Kinerja Tahun 2024.
                                         4.   Persiapan RUPS Pengesahan RKAP 2024.
                                         1.   Evaluation of Christmas and New Year (Nataru) Service Implementation
                                              and Operational Readiness of Terminal 2 (T2) CGK for Umrah.
                                         2.   Progress Update on the Audit Conducted by the Public Accounting Firm (KAP).
                                         3.   Performance for the Year 2024.
                                         4.   Preparation for the General Meeting of Shareholders (GMS)
                                              for the Ratification of the 2024 Budget (RKAP).




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   267
Page 268
        Ikhtisar 2025           Laporan Manajemen          Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights         Management Report          About the Company       Management Discussion and Analysis   Corporate Governance




        No.           Tanggal Rapat                                                   Agenda Rapat
                      Meeting Date                                                  Meeting Agenda

         3      24 Februari 2025             1. Persiapan Pelaksanaan Angkutan Lebaran 2025 dan Penyampaian Progress
                February 24, 2025               Optimalisasi Terminal Bandara CGK.
                                             2. Updating Proses Audit Laporan Keuangan Tahun 2024 oleh KAP.
                                             1. Preparation for the 2025 Eid (Lebaran) Transport Operations and Progress Update
                                                on Terminal Optimization at CGK Airport.
                                             2. Updating the 2024 Financial Statement Audit Process by the Public Accounting
                                                Firm (KAP).

         4      20 Maret 2025                1. Pembahasan Progress Finalisasi Audit LK PT API TB 2024.
                March 20, 2025               2. Pembahasan Highlight RJPP 2025-2027.
                                             3. Pembahasan Posko Lebaran.
                                             1. Discussion on the Finalization Progress of PT API’s Financial Statement Audit for
                                                Fiscal Year 2024.
                                             2. Discussion on the 2025–2027 Long-Term Corporate Plan (RJPP) Highlights.
                                             3. Discussion on the Eid (Lebaran) Command Post.

         5      29 April 2025                1.     Evaluasi Kinerja Triwulan I Tahun 2025 PT API.
                April 29, 2025               2.     Persiapan RUPS Tahunan PT API.
                                             3.     Evaluasi Angkutan Lebaran Tahun 2025.
                                             4.     Rapat Terbatas: Usulan Perubahan Struktur Organisasi.
                                             1.     Evaluation of PT API’s First Quarter (Q1) 2025 Performance.
                                             2.     Preparation for PT API’s Annual General Meeting of Shareholders (AGMS).
                                             3.     Evaluation of the 2025 Eid (Lebaran) Transport Operations.
                                             4.     Executive Session: Proposed Organizational Structure Changes.

         6      27 Mei 2025                  1.     Program Perkenalan Direksi dan Dewan Komisaris.
                May 27, 2025                 2.     Pemaparan Overview PT API.
                                             3.     Persiapan RUPS Tahunan Periode TB 2024.
                                             1.     Induction Program for the Board of Directors and Board of Commissioners.
                                             2.     Presentation of PT API Corporate Overview.
                                             3.     Preparation for the Annual General Meeting of Shareholders (AGMS) for Fiscal Year 2024.

         7      25 Juni 2025                 1. Roadmap Perbaikan Penerapan Manajemen Risiko PT Angkasa Pura Indonesia
                June 25, 2025                   2024-2029.
                                             2. Cashflow Management Tahun 2025.
                                             3. Updating Quick Win Bandara CGK dan DPS.
                                             1. Roadmap for Improving Risk Management Implementation at PT Angkasa Pura
                                                Indonesia 2024–2029.
                                             2. 2025 Cash Flow Management.
                                             3. Status Update on Quick Wins for CGK (Soekarno-Hatta) and DPS (Ngurah Rai) Airports.

         8      29 Juli 2025                 1.     Kinerja Operasional dan Keuangan Semester I Tahun 2025.
                July 29, 2025                2.     Rencana Perpindahan Penerbangan dari HLP ke CGK.
                                             1.     First Half (H1) 2025 Operational and Financial Performance.
                                             2.     Flight Relocation Plan from HLP (Halim Perdanakusuma) to CGK (Soekarno-Hatta).

         9      28 Agustus 2025              1.     Pembahasan mengenai Aset Tetap Perusahaan.
                August 28, 2025              2.     Pembahasan Usulan RK.
                                             1.     Discussion on Company Fixed Assets.
                                             2.     Discussion on the Proposed Work Plan (RK).

         10     30 September 2025            1.     Rencana Penyertaan Saham pada PT GMFI melalui Inbreng Lahan.
                September 30, 2025           2.     Usulan RKAP 2026.
                                             3.     Isu Strategis Lainnya.
                                             1.     Plan for Equity Participation in PT GMFI through Land Asset Contribution (Inbreng).
                                             2.     Proposed 2026 Budget (RKAP).
                                             3.     Other Strategic Issues.

         11     29 Oktober 2025              1.     Pembahasan Kinerja Triwulan III Tahun 2025.
                October 29, 2025             2.     Pembahasan Evaluasi Kinerja per Bandara yang dikelola PT API.
                                             3.     Lain-lain.
                                             1.     Discussion on Third Quarter (Q3) 2025 Performance.
                                             2.     Discussion on Performance Evaluation per Airport Managed by PT API.
                                             3.     Others.




268   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 269
    Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
    Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




    No.          Tanggal Rapat                                                          Agenda Rapat
                  Meeting Date                                                        Meeting Agenda

    12      28 November 2025                1.   Pembahasan Kinerja Direktorat Operasi.
            November 28, 2025               2.   Persiapan Posko Nataru 2025/2026.
                                            1.   Discussion on the Performance of the Operations Directorate.
                                            2.   Preparation for the 2025/2026 Christmas and New Year (Nataru) Command Post.

    13      28 November 2025                1.   Persiapan Posko Natal dan Tahun Baru 2025/2026.
            November 28, 2025               2.   Pembahasan Usulan RJPP 2024-2029.
                                            3.   Pembahasan Update Proses Inbreng Lahan GMF.
                                            1.   Preparation for the 2025/2026 Christmas and New Year Command Post.
                                            2.   Discussion on the Proposed 2024–2029 Long-Term Corporate Plan (RJPP).
                                            3.   Discussion on the Progress Update of GMF Land Asset Contribution (Inbreng).

    14      16 Desember 2025                Pembahasan Rencana Pendanaan Eksternal PT Angkasa Pura Indonesia.
            December 16, 2025               Discussion on PT Angkasa Pura Indonesia’s External Financing Plan.

    15      29 Desember 2025                1. Pendanaan Eksternal PT API Tahun 2025.
            December 29, 2025               2. Permintaan Pembayaran Dividen Interim PT API Tahun 2025.
                                            3. Update Pelaksanaan Posko Nataru 2025/2026 dan Antisipasi/Mitigasi Risiko.
                                            4. Isu Strategis Lainnya.
                                            1. PT API External Financing for 2025.
                                            2. Request for PT API 2025 Interim Dividend Payment.
                                            3. Update on the 2025/2026 Christmas and New Year (Nataru)
                                               Command Post Operations and Risk Anticipation/Mitigation.
                                            4. Other Strategic Issues.




      Program Orientasi Anggota Baru Dewan Komisaris
Orientation Program for the New Members of the Board of Commissioners

Program orientasi Dewan Komisaris adalah rangkaian                             The Board of Commissioners Orientation Program is a
kegiatan yang diselenggarakan untuk memperkenalkan                             series of activities organized to introduce new members
anggota Dewan Komisaris baru dengan perusahaan,                                of the Board of Commissioners to the company, their
tugas, tanggung jawab, dan tata cara kerja di perusahaan.                      duties, responsibilities, and working procedures within
Program ini bertujuan untuk memastikan anggota                                 the company. This program aims to ensure that members
Dewan Komisaris memahami kondisi perusahaan, visi,                             of the Board of Commissioners understand the company’s
misi, dan nilai-nilai perusahaan, serta dapat menjalankan                      condition, vision, mission, and core values, and are able
tugas pengawasan dan nasihat terhadap Direksi dengan                           to carry out their supervisory and advisory duties to the
efektif.                                                                       Board of Directors effectively.

PT Angkasa Pura Indonesia melaksanakan orientasi dan                           PT Angkasa Pura Indonesia conducted orientation and
pengenalan bagi Anggota Dewan Komisaris dilaksanakan                           induction programs for the Members of the Board of
sebanyak 2 (dua) kali pada tahun 2025 yaitu sebagai                            Commissioners 2 (twice) in 2025, as follows:
berikut:

y   Dilaksanakan pada tanggal 27 Mei 2025, diikuti oleh:                       y   The first session was held on May 27, 2025, and was
                                                                                   attended by:
    1.    Antoni Arif Priadi - Komisaris Utama                                     1. Antoni Arif Priadi – President Commissioner
    2.    Djamaluddin - Komisaris Independen                                       2. Djamaluddin – Independent Commissioner
    3.    Abdul Muis - Komisaris Independen                                        3. Abdul Muis – Independent Commissioner
    4.    Erwan Agus Purwanto - Komisaris                                          4. Erwan Agus Purwanto – Commissioner
    5.    Irfan Wahid - Komisaris                                                  5. Irfan Wahid – Commissioner
    6.    Ni Luh Enik Ermawati - Komisaris                                         6. Ni Luh Enik Ermawati – Commissioner
    7.    Dita Indah Sari - Komisaris                                              7. Dita Indah Sari – Commissioner
    8.    Imelda Sari - Komisaris Independen                                       8. Imelda Sari – Independent Commissioner
    9.    Eva Yuliana - Komisaris Independen                                       9. Eva Yuliana – Independent Commissioner




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report   269
Page 270
           Ikhtisar 2025        Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
           2025 Highlights      Management Report       About the Company         Management Discussion and Analysis   Corporate Governance




      y     Dilaksanakan pada tanggal 12 Agustus 2025, diikuti               y   The second session was held on August 12, 2025, and
            oleh :                                                               was attended by:
            1. Antoni Arif Priadi - Komisaris Utama                              1. Antoni Arif Priadi – President Commissioner
            2. Djamaluddin - Komisaris Independen                                2. Djamaluddin – Independent Commissioner
            3. Abdul Muis - Komisaris Independen                                 3. Abdul Muis – Independent Commissioner
            4. Erwan Agus Purwanto - Komisaris                                   4. Erwan Agus Purwanto – Commissioner
            5. Dita Indah Sari - Komisaris                                       5. Dita Indah Sari – Commissioner
            6. Imelda Sari - Komisaris Independen                                6. Imelda Sari – Independent Commissioner
            7. Eva Yuliana - Komisaris Independen                                7. Eva Yuliana – Independent Commissioner
            8. Elly Engelbert Lasut - Komisaris                                  8. Elly Engelbert Lasut – Commissioner
            9. Yunus Nusi - Komisaris Independen                                 9. Yunus Nusi – Independent Commissioner




        Tanggapan, Rekomendasi, dan Pelaksanaan Tugas
      Dewan Komisaris
      Responses, Recommendations, and Implementation of the Board of
      Commissioners’ Duties

      Sepanjang tahun 2025, Dewan Komisaris telah                            Throughout 2025, the Board of Commissioners issued
      menyampaikan berbagai tanggapan dan rekomendasi                        various written responses and recommendations in
      secara tertulis sesuai dengan wewenang dan tanggung                    accordance with its authority and responsibilities, as
      jawabnya, antara lain sebagai berikut.                                 follows.



                                                          Ringkasan Dokumen
                                                            Document Summary


          Tanggal Surat         Nomor Surat                                                 Perihal
          Date of Letter      Number of Letter                                         Terms of Letter

          21/01/2025         06/DK.API/2025         Tanggapan Dewan Komisaris atas Permohonan Pengesahan Konsep Peraturan
                                                    Bersama Dewan Komisaris dan Direksi Tentang Pedoman Manajemen Risiko PT
                                                    Angkasa Pura Indonesia.
                                                    Board of Commissioners’ Response to the Request for Ratification of the Joint
                                                    Regulation of the Board of Commissioners and the Board of Directors concerning
                                                    Risk Management Guidelines of PT Angkasa Pura Indonesia.

          21/01/2025         07/DK.API/2025         Tanggapan Dewan Komisaris atas Permohonan Persetujuan KPI Direksi Kolegial
                                                    dan KPI Direksi Individu PT Angkasa Pura Indonesia Tahun 2024.
                                                    Board of Commissioners’ Response to the Request for Approval of the 2024
                                                    Collegial and Individual Board of Directors’ Key Performance Indicators (KPIs) for
                                                    PT Angkasa Pura Indonesia.

          23/01/2025         09/DK.API/2025-R       Pelaksanaan Rekomendasi LHP Badan Pemeriksa Keuangan Tahun 2024.
                                                    Implementation of the 2024 Audit Result Recommendations (LHP) from the
                                                    Audit Board of the Republic of Indonesia (BPK).

          30/01/2025         14/DK.API/2025-R       Tanggapan atas Pengusulan Wakil Perseroan Untuk Menjadi Calon Anggota
                                                    Direksi PT Bandara Internasional Batam dan PT Angkasa Pura Aviasi.
                                                    Response to the Nomination of Company Representatives as Candidates for
                                                    the Board of Directors of PT Bandara Internasional Batam and PT Angkasa Pura
                                                    Aviasi.

          24/02/2025         17/DK.API/2025         Tanggapan Dewan Komisaris atas Laporan Pengelolaan Whistleblowing System
                                                    (WBS) Periode Tahun 2024.
                                                    Board of Commissioners’ Response to the Whistleblowing System (WBS)
                                                    Management Report for the 2024 Period.




270   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 271
 Tanggung Jawab Sosial dan Lingkungan (TJSL)           Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)        Consolidated Financial Statements




Tanggal Surat            Nomor Surat                                                           Perihal
Date of Letter        Number of Letter                                                     Terms of Letter

24/02/2025           18/DK.API/2025               Tanggapan Dewan Komisaris atas Permohonan Penandatanganan Komitmen
                                                  Bersama Dewan Komisaris dan Direksi PT Angkasa Pura Indonesia tentang
                                                  SMAP dan Lembar CoC.
                                                  Board of Commissioners’ Response to the Request for Signing the Joint
                                                  Commitment of the Board of Commissioners and the Board of Directors of PT
                                                  Angkasa Pura Indonesia concerning the Anti-Bribery Management System
                                                  (SMAP) and the Code of Conduct (CoC) Statement.

05/05/2025           19/DK.API/2025-R             Nominated Top Talent BOD-1 PT Angkasa Pura Indonesia.
                                                  Nominated Top Talent BOD-1 of PT Angkasa Pura Indonesia.

29/04/2025           27/DK.API/2025               Persetujuan Penetapan Struktur Organisasi Perusahaan PT Angkasa Pura
                                                  Indonesia.
                                                  Approval of the Organizational Structure Establishment for PT Angkasa Pura
                                                  Indonesia.

02/05/2025           28/DK.API/2025               Penyampaian Persetujuan dan Pengesahan Berita Acara Pembahasan Akhir
                                                  Hasil Asesmen GCG.
                                                  Submission of Approval and Ratification of the Final Discussion Minutes for the
                                                  GCG Assessment Results.

02/05/2025           29/DK.API/2025               Persetujuan Pengisian Jabatan Corporate Secretary Group Head.
                                                  Approval of the Appointment for the Corporate Secretary Group Head Position.

08/05/2025           30/DK.API/2025               Tanggapan Dewan Komisaris Usulan Pengesahan Strategi Risiko (Risk Capacity,
                                                  Risk Tolerance, Risk Appetite, dan Risk Limit) PT Angkasa Pura Indonesia Tahun
                                                  2025.
                                                  Board of Commissioners’ Response to the Proposed Ratification of the 2025
                                                  Risk Strategy (Risk Capacity, Risk Tolerance, Risk Appetite, and Risk Limit) for PT
                                                  Angkasa Pura Indonesia.

14/05/2025           31/DK.API/2025               Penyampaian Laporan Tugas Pengawasan Dewan Komisaris PT Angkasa Pura
                                                  Indonesia Tahun 2024.
                                                  Submission of the 2024 Oversight Report of the Board of Commissioners of PT
                                                  Angkasa Pura Indonesia.

14/05/2025           32/DK.API/2025               Tanggapan atas Laporan Manajemen Tahun Buku 2024 PT Angkasa Pura
                                                  Indonesia.
                                                  Response to the 2024 Management Report of PT Angkasa Pura Indonesia.

27/05/2025           35/DK.API/2025-R             Persetujuan Penyesuaian Struktur Organisasi Perusahaan PT Angkasa Pura
                                                  Indonesia.
                                                  Approval of the Organizational Structure Adjustment for PT Angkasa Pura
                                                  Indonesia.

27/05/2025           36/DK.API/2025               Evaluasi Dewan Komisaris terhadap Kantor Akuntan Publik yang Melaksanakan
                                                  Audit Laporan Keuangan Tahun Buku 2024 dan Usulan Kantor Akuntan Publik
                                                  Untuk Tahun Buku 2025.
                                                  The Board of Commissioners’ Evaluation of the Public Accounting Firm (KAP) for
                                                  the Fiscal Year 2024 Audit and the Proposal for the Public Accounting Firm for
                                                  Fiscal Year 2025.

27/05/2025           37/DK.API/2025               Tanggapan Dewan Komisaris atas Hal-Hal yang Memerlukan Keputusan Rapat
                                                  Umum Pemegang Saham (RUPS) Tahunan Tahun Buku 2024.
                                                  Board of Commissioners’ Response to Matters Requiring Decisions at the Annual
                                                  General Meeting of Shareholders (AGMS) for Fiscal Year 2024.

27/05/2025           38/DK.API/2025               Tanggapan Dewan Komisaris Atas Permohonan Persetujuan Roadmap
                                                  Perbaikan Penerapan Manajemen Risiko PT Angkasa Pura Indonesia Tahun
                                                  2024-2029.
                                                  Board of Commissioners’ Response to the Request for Approval of the 2024–2029
                                                  Roadmap for Improving Risk Management Implementation at PT Angkasa Pura
                                                  Indonesia.

25/06/2025           39/DK.API/2025               Tanggapan Dewan Komisaris atas Capaian Kinerja Periode Triwulan I 2025 PT
                                                  Angkasa Pura Indonesia.
                                                  Board of Commissioners’ Response to the First Quarter (Q1) 2025 Performance
                                                  Achievement of PT Angkasa Pura Indonesia.




                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report   271
Page 272
        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan     Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company      Management Discussion and Analysis   Corporate Governance




       Tanggal Surat         Nomor Surat                                             Perihal
       Date of Letter      Number of Letter                                     Terms of Letter

       09/07/2025         42.1/DK.API/2025       Tanggapan atas Permohonan Pembayaran Insentif Kinerja yang Ditangguhkan.
                                                 Response to the Request for Payment of Deferred Performance Incentives.

       15/08/2025         48/DK.API/2025         Tanggapan Dewan Komisaris Terhadap Usulan Revisi RKAP Eksploitasi, KPI dan
                                                 Realokasi Investasi Tahun 2025 PT Angkasa Pura Indonesia.
                                                 Board of Commissioners’ Response to the Proposed Revision of the 2025
                                                 Operational Budget (RKAP), KPIs, and Investment Reallocation for PT Angkasa
                                                 Pura Indonesia.

       15/08/2025         49/DK.API/2025         Tanggapan Dewan Komisaris atas usulan Penghapusbukuan Aset Tetap berupa
                                                 Kendaraan di Lingkungan PT Angkasa Pura Indonesia.
                                                 Board of Commissioners’ Response to the Proposed Write-off of Fixed Assets
                                                 (Vehicles) within PT Angkasa Pura Indonesia.

       04/09/2025         54/DK.API/2025         Tanggapan Terhadap Penyampaian Hasil Penilaian Risk Maturity Index (RMI) PT
                                                 Angkasa Pura Indonesia Tahun Buku 2024.
                                                 Response to the Submission of the 2024 Risk Maturity Index (RMI) Assessment
                                                 Results for PT Angkasa Pura Indonesia.

       09/09/2025         55/DK.API/2025         Tanggapan Dewan Komisaris atas Usulan Peraturan Direksi tentang Standard
                                                 Operating Procedure (SOP) Kerja Sama dan Batasan Kewenangan Kerja Sama di
                                                 PT Angkasa Pura Indonesia.
                                                 Board of Commissioners’ Response to the Proposed Board of Directors’
                                                 Regulation concerning Standard Operating Procedures (SOP) for Cooperation
                                                 and Cooperation Authority Limits at PT Angkasa Pura Indonesia.

       19/09/2025         59/DK.API/2025         Persetujuan Dewan Komisaris atas Pengisian Jabatan Corporate Secretary Group
                                                 Head.
                                                 Board of Commissioners’ Approval of the Appointment for the Corporate
                                                 Secretary Group Head Position.

       19/09/2025         60/DK.API/2025         Tanggapan Dewan Komisaris atas Capaian Kinerja Periode Triwulan II 2025 PT
                                                 Angkasa Pura Indonesia.
                                                 Board of Commissioners’ Response to the Second Quarter (Q2) 2025 Performance
                                                 Achievement of PT Angkasa Pura Indonesia.

       25/09/2025         62/DK.API/2025         Tanggapan Dewan Komisaris atas Usulan Rencana Penyertaan Modal PT
                                                 Angkasa Pura Indonesia di PT Garuda Maintenance Facility AeroAsia Tbk. melalui
                                                 Mekanisme Inbreng Lahan.
                                                 Board of Commissioners’ Response to the Proposed Capital Participation of
                                                 PT Angkasa Pura Indonesia in PT Garuda Maintenance Facility AeroAsia Tbk.
                                                 through a Land Asset Contribution (Inbreng) Mechanism.

       30/09/2025         63/DK.API/2025         Penyampaian Laporan Tugas Pengawasan Dewan Komisaris PT Angkasa Pura
                                                 Indonesia Periode Semester I Tahun 2025.
                                                 Submission of the First Half (H1) 2025 Oversight Report of the Board of
                                                 Commissioners of PT Angkasa Pura Indonesia.

       07/10/2025         65/DK.API/2025         Tanggapan atas Usulan Realokasi Investasi PT Angkasa Pura Indonesia pada
                                                 RKAP Tahun 2025.
                                                 Response to the Proposed Investment Reallocation in the 2025 Budget (RKAP) of
                                                 PT Angkasa Pura Indonesia.

       20/10/2025         68/DK.API/2025         Kelengkapan Usulan Rencana Kerja dan Anggaran Perusahaan Tahun 2026.
                                                 Completeness of the Proposed 2026 Work Plan and Budget (RKAP).

       29/10/2025         73/DK.API/2025         Permintaan Pengadaan Kantor Akuntan Publik (KAP) Sebagai Auditor
                                                 Independen Tahun Buku 2025.
                                                 Request for the Procurement of a Public Accounting Firm (KAP) as the
                                                 Independent Auditor for Fiscal Year 2025.

       05/11/2025         76/DK.API/2025         Tanggapan atas Usulan Penghapusbukuan dan Pengalihan Aktiva Tetap PT
                                                 Angkasa Pura Indonesia yang dimanfaatkan oleh Perum LPPNPI.
                                                 Response to the Proposed Write-off and Transfer of PT Angkasa Pura Indonesia’s
                                                 Fixed Assets utilized by Perum LPPNPI (AirNav Indonesia).




272   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 273
  Tanggung Jawab Sosial dan Lingkungan (TJSL)           Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)        Consolidated Financial Statements




 Tanggal Surat            Nomor Surat                                                           Perihal
 Date of Letter        Number of Letter                                                     Terms of Letter

 05/11/2025           77/DK.API/2025               Penyampaian Dokumen Komitmen Dewan Komisaris tentang Penerapan SMAP
                                                   dan Lembar Pernyataan Kepatuhan Terhadap Kode Etik (Code of Conduct).
                                                   Submission of the Board of Commissioners’ Commitment Documents regarding
                                                   the Implementation of the Anti-Bribery Management System (SMAP) and the
                                                   Code of Conduct (CoC) Compliance Statement.

 05/11/2025           78/DK.API/2025               Tanggapan Dewan Komisaris atas Usulan Pengurus Perseroan pada Anak
                                                   Perusahaan dan Afiliasi.
                                                   Board of Commissioners’ Response to the Proposed Appointment of Company
                                                   Officers for Subsidiaries and Affiliates.

 13/11/2025           79/DK.API/2025               Tanggapan Dewan Komisaris atas Usulan Penyesuaian Rencana Penyertaan
                                                   Modal PT Angkasa Pura Indonesia di PT Garuda Maintenance Facility AeroAsia
                                                   Tbk.
                                                   Board of Commissioners’ Response to the Proposed Adjustment of PT Angkasa
                                                   Pura Indonesia’s Capital Participation in PT Garuda Maintenance Facility AeroAsia
                                                   Tbk.

 17/11/2025           80/DK.API/2025               Penerusan Surat Edaran PT Danantara Aset Management (Persero) tentang
                                                   Pedoman Perilaku dan Profesionalisme Direksi dan Dewan Komisaris.
                                                   Forwarding of PT Danantara Asset Management (Persero) Circular regarding the
                                                   Code of Conduct and Professionalism for the Board of Directors and the Board
                                                   of Commissioners.

 25/11/2025           86/DK.API/2025               Tanggapan Dewan Komisaris atas Capaian Kinerja PT Angkasa Pura Indonesia
                                                   Periode s.d. Triwulan III Tahun 2025.
                                                   Board of Commissioners’ Response to PT Angkasa Pura Indonesia’s Performance
                                                   Achievement through the Third Quarter (Q3) of 2025.

 28/11/2025           87/DK.API/2025               Persetujuan Dewan Komisaris terhadap Usulan Penghapusbukuan Aset Tetap
                                                   berupa Kendaraan Operasional di Lingkungan PT Angkasa Pura Indonesia.
                                                   Board of Commissioners’ Approval of the Proposed Write-off of Fixed Assets
                                                   (Operational Vehicles) within PT Angkasa Pura Indonesia.

 16/12/2025           90/DK.API/2025               Tanggapan Dewan Komisaris atas Rencana Pendanaan Eksternal PT Angkasa
                                                   Pura Indonesia Tahun 2025.
                                                   Board of Commissioners’ Response to PT Angkasa Pura Indonesia’s 2025 External
                                                   Financing Plan.

 30/12/2025           93/DK.API/2025               Persetujuan Dewan Komisaris atas Rencana Pendanaan Eksternal PT Angkasa
                                                   Pura Indonesia Tahun 2025.
                                                   Board of Commissioners’ Approval of PT Angkasa Pura Indonesia’s 2025 External
                                                   Financing Plan.

 30/12/2025           94/DK.API/2025               Persetujuan Pembayaran Dividen Interim PT Angkasa Pura Indonesia Tahun
                                                   Buku 2025.
                                                   Approval of PT Angkasa Pura Indonesia’s 2025 Interim Dividend Payment.



Pelaksanaan tugas Dewan Komisaris selama periode                              The execution of the Board of Commissioners’
pelaporan telah berjalan secara efektif dalam mendukung                       duties during the reporting period has been effective
Direksi menjalankan kegiatan usaha Perusahaan.                                in supporting the Board of Directors in managing
Selain itu, Dewan Komisaris juga melaksanakan fungsi                          the Company’s business. In addition, the Board of
pengawasan terhadap penerapan GCG, audit laporan                              Commissioners has exercised oversight over GCG
keuangan, serta sistem manajemen risiko.                                      implementation, financial audits, and risk management
                                                                              systems.




                                                                                              PT Angkasa Pura Indonesia 2025 Annual Report   273
Page 274
         Ikhtisar 2025       Laporan Manajemen        Tentang Perusahaan        Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
         2025 Highlights     Management Report        About the Company         Management Discussion and Analysis        Corporate Governance




           Pelatihan dan Peningkatan Kompetensi
      Training and Competency Enhancement

      Peningkatan kompetensi Dewan Komisaris dilakukan                     The Board of Commissioners’ competency improvement
      melalui sejumlah pelatihan formal serta informal                     is carried out through a number of formal and informal
      melalui interaksi antara Dewan Komisaris, Direksi, dan               training sessions through interactions between the
      manajemen melalui rapat serta kunjungan ke unit kerja                Board of Commissioners, the Board of Directors, and
      Perusahaan.                                                          management through meetings and visits to the
                                                                           Company’s work units.


                                                 Tabel Pelatihan Dewan Komisaris
                                            Table of the Board of Commissioners Trainings


                 Tanggal             Lokasi                Nama Pelatihan                  Penyelenggara              Nama Anggota
                   Date             Location               Training Name                      Organizer              Name of Members

       9 Juli 2025                Jakarta        Strategi Keuangan Korporat               MSDM                  Antoni Arif Priadi
       July 9, 2025                              Corporate Finance Strategy

       22-24 Juli 2025            Jakarta        Certification Audit Committee            IKAI                  1.   Imelda Sari
       July 22-24, 2025                          Practices (CACP)                                               2.   Eva Yuliana
                                                                                                                3.   Djamaluddin
                                                                                                                4.   Elly Engelbert Lasut
                                                                                                                5.   Abdul Muis

       6-9 September 2025         Jakarta        Certified Internal Auditor               ESAS                  Antoni Arif Priadi
       September 6-9, 2025                       Senior (CIAS)

       9 September 2025           Jakarta        Teknik Dasar Audit                       IODA Academy          Antoni Arif Priadi
       September 9, 2025                         Laporan Keuangan
                                                 Basic Financial Statement
                                                 Audit Techniques

       12 September 2025          Jakarta        Mastering HR Fundamentals                HR Academy            Antoni Arif Priadi
       September 12, 2025                        (Batch 16)

       15-19 September 2025       Jakarta        Certified Risk Management                ESAS                  Antoni Arif Priadi
       September 15-19, 2025                     Specialist (CRMS)

       16 September 2025          Jakarta        Kelas HR: KPI                            Kelas HR              Antoni Arif Priadi
       September 16, 2025                        HR Class: KPIs

       23 September 2024          Jakarta        Certified in Enterprise Risk             LSP MKS               Abdul Muis
       September 23, 2025                        Governance (CERG)

       26-27 September 2025       Jakarta        Qualified Risk Governance                CRMS &                1.   Antoni Arif Priadi
       September 26-27, 2025                     Professional (QRGP)                      LSP MKS               2.   Dita Indah Sari
                                                                                                                3.   Imelda Sari
                                                                                                                4.   Djamaluddin

       3 Desember 2025            Jakarta        Qualified Risk Governance                CRMS                  Yunus Nusi
       December 3, 2025                          Professional (QRGP)




           Evaluasi Pencapaian KPI Dewan Komisaris
      Evaluation of the Achievement of KPI of the Board of Commissioners

      Sepanjang tahun 2025, Dewan Komisaris telah                          Throughout 2025, the Board of Commissioners evaluated
      melaksanakan evaluasi atas pencapaian indikator kinerja              the achievement of its Key Performance Indicators (KPIs)
      utama (Key Performance Indicators/KPI) berdasarkan                   based on planning, supervision and advisory, reporting,
      aspek perencanaan, pengawasan dan nasihat, pelaporan,                and dynamic aspects.
      serta aspek dinamis.



274   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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     Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                         Ringkasan KPI Dewan Komisaris Tahun 2025
                                        Summary of the Board of Commissioners’ KPI in 2025


No                    Aspek dan Parameter                  Periode            Satuan       Bobot    Rencana      Realisasi     Nilai
                     Aspect and Parameter                   Period            Output       Weight    Output     Realization   Score
                                                                              Output                 Output
                                                                               Unit                   Plan


I         Aspek Perencanaan
          Planning Aspect

          Menyusun Rencana Kerja                         Tahunan          Dokumen            10         1            1          10
          dan Anggaran serta KPI                         Annual           Document
          Dewan Komisaris 2025
          Preparing the Work Plan and
          Budget as well as the KPIs for the
          Board of Commissioners for 2025

          Subtotal I                                                                         10                               10,00
          Subtotal I


II        Aspek Pengawasan dan Nasihat
          Supervision and Advisory Aspect

     1    Memberikan tanggapan/ rekomendasi
          kepada Pemegang Saham terhadap:
          Providing responses/recommendations
          to the Shareholders regarding:

          a. RKAP 2024                                   Tahunan          Surat              4          1            1          4
             CWBP 2024                                   Annual           Letter

          b. Laporan tahunan                             Tahunan          Surat              4          1            1          4
             Annual report                               Annual           Letter

          c. Laporan kinerja triwulanan                  Triwulanan       Surat              4          3           3           4
             Quarterly performance reports               Quarterly        Letter

          d. Evaluasi RJPP                               Tahunan          Surat              4          1            1          4
             Evaluation of the Long-Term                 Annual           Letter
             Corporate Plan (CLPP)

    2     Memberi nasihat kepada Direksi                 Tahunan                             12         12          12          12
          sesuai tugas Dewan Komisaris.                  Annual
          Advising the Board of Directors
          in accordance with the duties of
          the Board of Commissioners.

    3     Rapat Dewan Komisaris
          Board of Commissioners meetings

          a. Jumlah rapat
             Number of Meetings

              Rapat Internal                             Bulanan          Kali                5         10          13         6,5
              Internal Meetings                          Monthly          Times

              Rapat Dekom–Direksi                        Bulanan          Kali                5         12          15         6,25
              Board of Commissioners–                    Monthly          Times
              Board of Directors Meetings

          b. Kehadiran Rapat                             Bulanan          %                  4         100         100          4
             Meeting Attendance                          Monthly          %

          c. Penyelesaian Risalah Rapat                  Bulanan          Risalah             5         12          15         6,25
             Completion of Meeting Minutes               Monthly          Minutes




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   275
Page 276
         Ikhtisar 2025          Laporan Manajemen     Tentang Perusahaan         Diskusi dan Analisis Manajemen           Tata Kelola Perusahaan
         2025 Highlights        Management Report     About the Company          Management Discussion and Analysis       Corporate Governance




       No                  Aspek dan Parameter              Periode            Satuan       Bobot      Rencana         Realisasi       Nilai
                           Aspect and Parameter              Period            Output      Weight       Output        Realization     Score
                                                                               Output                   Output
                                                                                Unit                     Plan

        4      Rapat Komite Dewan Komisaris               Setahun          Risalah             6           12             12             3
               dengan Unit Terkait                        In a year        Minutes
               Board of Commissioners Committee
               Meetings with Related Units

         5     Kunjungan Kerja Dewan Komisaris            Setahun          Kunjungan           4            4             6              6
               Board of Commissioners’ Work Visits        In a year        Visit

        6      Realisasi rencana kerja                    Setahun          %                   3           100           100             3
               Komite Dewan Komisaris                     In a year        %
               Realization of the Board of
               Commissioners’ Committee Work Plan

               Sub Total II                                                                   60                                      66,00
               Sub Total II


       III     Aspek Pelaporan
               Reporting Aspect

         1     Laporan realisasi pelaksanaan              Triwulanan       Laporan             5            2             2              5
               KPI Dewan Komisaris                        Quarterly        Report
               Report on the realization of the Board
               of Commissioners’ KPI implementation

         2     Laporan pengawasan Dewan                   Tahunan          Laporan            10            2              1             5
               Komisaris tahunan                          Annual           Report
               Annual Board of Commissioners’
               oversight report

               Sub Total III                                                                  15                                      10,00
               Sub Total III


       IV      Aspek Dinamis
               Dynamic Aspect

         1     Pengusulan Auditor Eksternal               Tahunan          Surat               4            1              1             4
               kepada Pemegang Saham                      Annual           Letter
               Proposal for External Auditor
               to Shareholders

         2     Peningkatan Kompetensi melalui             Setahun          Kali                4            2             2              4
               seminar, workshop dll                      In a year        Times
               Competency enhancement through
               seminars, workshops, etc.

         3     Tanggapan terhadap Pengelolaan             Setahun          Surat               4            2             4              8
               Manajemen Risiko/ Tindak Lanjut            In a year        Letter
               Temuan Auditor Eksternal
               Response to Risk Management and
               Follow-up on External Auditor Findings

        4      Penyampaian usulan remunerasi              Tahunan          Surat               3            1              1             3
               Direksi dan Dewan Komisaris                Annual           Letter
               Submission of remuneration
               proposals for the Board of Directors
               and Board of Commissioners

               Sub Total IV                                                                   15                                      19,00
               Sub Total IV

               Total (I+II+III+IV)                                                           100                                      105,00
               Total (I+II+III+IV)




276   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




  Penilaian Kinerja Komite di Bawah Dewan Komisaris
dan Dasar Penilaiannya
Performance Evaluation of Committees Under the Board of Commissioners and
Basis of Assessment


Berdasarkan Peraturan Menteri BUMN No. PER-3/                            Based on the Regulation of the Minister of State-Owned
MBU/03/2023 tentang Organ dan Sumber Daya Manusia                        Enterprises No. PER-3/MBU/03/2023 concerning the
Badan Usaha Milik Negara, Dewan Komisaris dalam                          Organization and Human Resources of State-Owned
pelaksanaan tugasnya dibantu oleh komite-komite                          Enterprises, the Board of Commissioners is supported
yang bertanggung jawab langsung kepada Dewan                             by committees that are directly accountable to the
Komisaris dalam melaksanakan tugas dan tanggung                          Board of Commissioners in carrying out their duties and
jawabnya sebagaimana ditetapkan dalam Keputusan                          responsibilities, as stipulated in the Decree of the Board of
Dewan Komisaris PT Angkasa Pura Indonesia tentang                        Commissioners of PT Angkasa Pura Indonesia regarding
Pengangkatan Ketua dan Wakil Ketua Komite PT                             the Appointment of Chairpersons and Vice Chairpersons
Angkasa Pura Indonesia, berdasarkan Piagam Kerja                         of Committees, based on each committee’s Charter.
masing-masing komite.

Dewan Komisaris PT Angkasa Pura Indonesia memiliki                       The Board of Commissioners of PT Angkasa Pura
3 (tiga) komite, yaitu Komite Audit, Komite Pemantau                     Indonesia oversees 3 (three) committees, namely the
Manajemen Risiko dan Tata Kelola Terintegrasi, serta                     Audit Committee, the Risk Management and Integrated
Komite Nominasi dan Remunerasi. Prosedur penilaian                       Governance Oversight Committee, and the Nomination
kinerja komite dilakukan berdasarkan luaran yang                         and Remuneration Committee. The performance
dihasilkan sesuai dengan batas waktu yang diatur dalam                   evaluation of these committees is conducted based on
Anggaran Dasar Perusahaan serta tingkat kehadiran                        outputs delivered within the deadlines stipulated in the
dalam rapat. Selama periode pelaporan, secara umum                       Company’s Articles of Association, as well as attendance
seluruh komite telah melaksanakan tugas dan tanggung                     levels at meetings. During the reporting period, all
jawabnya secara efektif.                                                 committees were generally assessed to have carried out
                                                                         their duties and responsibilities effectively.




    Penilaian Kinerja Komite Audit
Audit Committee Performance Evaluation

Komite Audit telah menyelenggarakan 13 (tiga belas)                      The Audit Committee held 13 (thirteen) meetings in 2025
rapat pada tahun 2025 dan secara efektif mendukung                       and effectively supported the Board of Commissioners
Dewan Komisaris dalam menjalankan fungsi pengawasan                      in performing its supervisory function throughout the
selama tahun tersebut. Dukungan tersebut mencakup                        year. This support covered key areas, including oversight
area utama, antara lain pengawasan dan pemantauan                        and monitoring of financial reporting, internal control,
laporan keuangan, pengendalian internal, auditor                         independent auditors, compliance, accounting and
independen, kepatuhan, pengaduan terkait akuntansi                       reporting complaints, as well as other assignments
dan pelaporan, serta penugasan lain yang memerlukan                      requiring the attention of the Board of Commissioners.
perhatian Dewan Komisaris.

Evaluasi kinerja Komite Audit, baik secara individual                    The performance evaluation of the Audit Committee,
maupun kolektif, dilakukan melalui mekanisme self-                       both individually and collectively, was conducted through
assessment. Berdasarkan hasil evaluasi tersebut, dapat                   a self-assessment mechanism. Based on the results of this
dinyatakan bahwa target kinerja Komite Audit selama                      evaluation, it can be concluded that the Audit Committee
Tahun 2025 telah tercapai.                                               achieved its performance targets for 2025.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report      277
Page 278
        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




        Penilaian Kinerja Komite Pemantau Manajemen Risiko
      dan Tata Kelola Terintegrasi
      Risk Management and Integrated Governance Oversight Committee
      Performance Evaluation


      Komite Pemantau Manajemen Risiko dan Tata Kelola                 The Risk Management and Integrated Governance
      Terintegrasi telah menyelenggarakan 16 (enam belas)              Oversight Committee held 16 (sixteen) meetings
      rapat pada tahun 2025 dan menghasilkan 29 (dua puluh             in 2025 and produced 29 (twenty nine) reviews or
      sembilan) kajian atau rekomendasi yang secara efektif            recommendations that effectively supported the Board
      mendukung Dewan Komisaris dalam menjalankan fungsi               of Commissioners in performing its supervisory function.
      pengawasan.

      Lingkup dukungan tersebut mencakup pengawasan dan                The scope of support included oversight and monitoring
      pemantauan manajemen risiko, tata kelola terintegrasi,           of risk management, integrated governance, provision
      penyediaan informasi Perusahaan, Rencana Jangka                  of Company information, the Long-Term Corporate Plan
      Panjang Perusahaan (RJPP), Rencana Kerja dan Anggaran            (RJPP), the Work Plan and Budget (RKA), the Company’s
      (RKA), profil risiko Perusahaan, serta penugasan lain yang       risk profile, and other assignments requiring the attention
      memerlukan perhatian Dewan Komisaris.                            of the Board of Commissioners.

      Evaluasi kinerja, baik secara individual maupun kolektif,        Performance evaluation, both individually and collectively,
      dilakukan melalui self-assessment. Berdasarkan hasil             was conducted through a self-assessment mechanism.
      evaluasi tersebut, dapat dinyatakan bahwa target kinerja         Based on the evaluation results, it can be concluded that
      Komite Pemantau Manajemen Risiko dan Tata Kelola                 the Committee achieved its performance targets for 2025.
      Terintegrasi selama Tahun 2025 telah tercapai.




          Penilaian Kinerja Komite Nominasi dan Remunerasi
      Nomination and Remuneration Committee Performance Evaluation

      Komite     Nominasi      dan      Remunerasi    telah            The Nomination and Remuneration Committee held
      menyelenggarakan 12 (dua belas) rapat pada tahun 2025            12 (twelve) meetings in 2025 and produced 11 (eleven)
      dan menghasilkan 11 (sebelas) kajian atau rekomendasi            reviews or recommendations that effectively supported
      yang secara efektif mendukung Dewan Komisaris dalam              the Board of Commissioners in performing its supervisory
      menjalankan fungsi pengawasan sepanjang tahun                    function throughout the year.
      tersebut.

      Lingkup dukungan tersebut mencakup pengawasan                    This support covered oversight and monitoring of
      dan pemantauan proses nominasi dan remunerasi, serta             nomination and remuneration processes, as well as other
      penugasan lain yang memerlukan perhatian Dewan                   assignments requiring the attention of the Board of
      Komisaris.                                                       Commissioners.

      Evaluasi kinerja Komite Nominasi dan Remunerasi, baik            The performance evaluation of the Nomination and
      secara individual maupun kolektif, dilakukan melalui self-       Remuneration Committee, both individually and
      assessment. Berdasarkan hasil evaluasi tersebut, dapat           collectively, was conducted through a self-assessment
      dinyatakan bahwa target kinerja Komite Nominasi dan              mechanism. Based on the results of this evaluation,
      Remunerasi selama Tahun 2025 telah tercapai.                     it can be concluded that the Committee achieved its
                                                                       performance targets for 2025.




278   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




    Laporan Tugas Pengawasan Dewan Komisaris
Report on The Supervisory Duties of the Board of Commissioners

Selama Periode Tahun Buku 2025, Dewan Komisaris                          During the 2025 Fiscal Year, the Board of Commissioners
PT Angkasa Pura Indonesia telah menjalankan fungsi                       of PT Angkasa Pura Indonesia has performed its functions
dan tugas sebagaimana ketentuan Anggaran Dasar                           and duties in accordance with the provisions of the
Perusahaan Pasal 15 angka 2 huruf b angka 13 dan                         Company’s Articles of Association Article 15, paragraph 2,
Peraturan Menteri BUMN Nomor PER-02/MBU/03/2023                          letter b, point 13, and Regulation of the Minister of State-
tentang Pedoman Tata Kelola dan Kegiatan Korporasi                       Owned Enterprises No. PER-02/MBU/03/2023 concerning
Signifikan Badan Usaha Milik Negara.                                     Guidelines on Corporate Governance and Significant
                                                                         Corporate Activities of State-Owned Enterprises.

Guna menjalankan tugas dan fungsinya tersebut, selama                    To carry out its duties and functions, throughout Fiscal
Tahun Buku 2025 Dewan Komisaris telah melaksanakan                       Year 2025, the Board of Commissioners conducted
kegiatan pengawasan dan pemberian nasihat dalam                          oversight and advisory activities through both regular
rapat-rapat baik rapat rutin maupun rapat yang bersifat                  and incidental meetings, direct site visits to airports under
insidental, peninjauan kegiatan perusahaan secara                        PT Angkasa Pura Indonesia’s branches to ensure smooth
langsung di bandara-bandara yang merupakan cabang                        operations, the provision of written advice, and the
PT Angkasa Pura Indonesia untuk memastikan kegiatan                      issuance of responses or approvals for Board of Directors’
operasional berjalan dengan baik, pemberian nasihat                      actions in accordance with the Company’s Articles of
secara tertulis, serta pemberian tanggapan maupun                        Association.
persetujuan atas tindakan Direksi sesuai ketentuan
dalam Anggaran Dasar Perusahaan.

Berdasarkan kinerja Perseroan Dewan Komisaris                            Based on the Company’s performance, the Board of
mengapresiasi upaya Direksi beserta jajaran yang                         Commissioners appreciates the efforts of the Board
senantiasa bekerja keras dalam merealisasikan RKAP                       of Directors and their management team, who have
Tahun 2025, manajemen telah mengerahkan segenap                          consistently worked hard to realize the 2025 Work Plan
upaya untuk menghadapi tantangan, sehingga mampu                         and Budget (RKAP). Management has exerted every effort
menjaga stabilitas dan meningkatkan kinerja Perusahaan                   to address challenges, thereby successfully maintaining
dengan baik, serta mampu menjaga kepercayaan para                        stability, improving the Company’s performance,
Pemegang Saham dan Pemangku Kepentingan lainnya.                         and upholding the trust of Shareholders and other
                                                                         Stakeholders.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report      279
Page 280
        Ikhtisar 2025        Laporan Manajemen   Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights      Management Report   About the Company        Management Discussion and Analysis   Corporate Governance




          Sekretaris Dewan Komisaris
      Secretary to the Board of Commissioners

      Sekretaris Dewan Komisaris pada tahun 2025 dijabat              The position of Secretary to the Board of Commissioners
      oleh Fajar Karyanto yang diangkat berdasarkan Surat             in 2025 was held by Fajar Karyanto, appointed based
      Keputusan Dewan Komisaris No. KEP.25/DK.API/12/2024.            on the Board of Commissioners Decree No. KEP.25/
                                                                      DK.API/12/2024.




                                                 Dasar Pengangkatan | Basis of Appointment
                                                 Surat Keputusan Dewan Komisaris No. KEP.25/DK.API/12/2024.
                                                 The Board of Commissioners Decree No. KEP.25/DK.API/12/2024.

                                                 Periode Penugasan | Term of Appointment
                                                 Januari–Desember 2025
                                                 January–December 2025

                                                 Riwayat Pendidikan | Education Background
                                                 y Sarjana Ekonomi, Universitas Indonesia (2010).
                                                 y D3 Sekolah Tinggi Akuntansi Negara (2003).
                                                 y Bachelor of Economics, University of Indonesia (2010).
                                                 y Diploma in Accounting, State College of Accountancy (2003).

                                                 Riwayat Pekerjaan | Employment History
         Fajar Karyanto
                                                 y Sekretaris Dewan Komisaris PT Pegadaian (2021–2024).
         Sekretaris Dewan Komisaris              y Sekretaris Dewan Komisaris PT Garuda
         Secretary to the Board                    Indonesia (Persero) Tbk (2017–2021).
         of Commissioners                        y Anggota Komite PT Jaminan Kredit Indonesia (2013–2017).
                                                 y Secretary to the Board of Commissioners, PT Pegadaian (2021–2024).
                                                 y Secretary to the Board of Commissioners, PT Garuda
                                                   Indonesia (Persero) Tbk (2017–2021).
         Kewarganegaraan | Citizenship           y Member of the Committee, PT Jaminan Kredit Indonesia (2013–2017).
         Indonesia | Indonesian
                                                 Rangkap Jabatan | Concurrent Position
         Domisili | Residence                    Tidak ada.
         Jakarta | Jakarta                       None.

                                                 Hubungan Afiliasi | Affilial Relationship
         Usia | Age
                                                 Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris,
         44 tahun | 44 years old                 Direksi, Komite-Komite, maupun Pemegang Saham dan Pengendali
                                                 Utama Perusahaan.
                                                 He has no affilial relationship with members of the Board of Commissioners,
                                                 Board of Directors, Committees, or Shareholders and Main Controllers of
                                                 the Company.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




KOMITE-KOMITE DI BAWAH
DEWAN KOMISARIS
COMMITTEES UNDER THE BOARD OF COMMISSIONERS


Berdasarkan Peraturan Menteri BUMN No. PER-3/                            Based on the Regulation of the Minister of SOEs No.
MBU/03/2023 tentang Organ dan Sumber Daya Manusia                        PER-3/MBU/03/2023 concerning the Organs and Human
Badan Usaha Milik Negara, Dewan Komisaris dalam                          Resources of State-Owned Enterprises, the Board of
pelaksanaan tugasnya dibantu oleh komite-komite                          Commissioners is supported in carrying out its duties
yang bertanggung jawab langsung kepada Dewan                             by committees that report directly to the Board of
Komisaris. Komite-komite tersebut melaksanakan tugas                     Commissioners. These committees perform their duties
dan tanggung jawabnya sebagaimana ditetapkan dalam                       and responsibilities as stipulated in the Decree of the
Keputusan Dewan Komisaris PT Angkasa Pura Indonesia                      Board of Commissioners of PT Angkasa Pura Indonesia
No. KEP.21/DK.API/9/2024 tentang Pengangkatan Ketua                      No. KEP.21/DK.API/9/2024 concerning the Appointment of
dan Wakil Ketua Komite PT Angkasa Pura Indonesia, serta                  the Chairperson and Vice Chairperson of the Committees
berpedoman pada Piagam Kerja masing-masing komite.                       of PT Angkasa Pura Indonesia, and operate in accordance
                                                                         with their respective Charters.

Dewan Komisaris PT Angkasa Pura Indonesia memiliki                       The Board of Commissioners of PT Angkasa Pura Indonesia
tiga komite, yaitu Komite Audit, Komite Pemantau                         has three committees, namely the Audit Committee, the
Manajemen Risiko dan Tata Kelola Terintegrasi, serta                     Risk Management and Integrated Governance Oversight
Komite Nominasi dan Remunerasi.                                          Committee, and the Nomination and Remuneration
                                                                         Committee.

Dewan Komisaris memberikan dukungan terhadap                             The Board of Commissioners provides support for the
pelaksanaan tugas Komite Audit, Komite Pemantau                          implementation of the duties of the Audit Committee, the
Manajemen Risiko dan Tata Kelola Terintegrasi, serta                     Risk Management and Integrated Governance Oversight
Komite Nominasi dan Remunerasi. Adapun frekuensi                         Committee, and the Nomination and Remuneration
dan intensitas kegiatan komite tersebut mengacu pada                     Committee. The frequency and intensity of these
Laporan Kinerja Dewan Komisaris PT Angkasa Pura                          committees’ activities refer to the 2025 Performance
Indonesia Tahun 2025.                                                    Report of the Board of Commissioners of PT Angkasa
                                                                         Pura Indonesia.




KOMITE AUDIT
AUDIT COMMITTEE


Komite Audit memiliki tugas dan tanggung jawab                           The Audit Committee has the duties and responsibilities
untuk memberikan opini kepada Dewan Komisaris                            to provide opinions to the Board of Commissioners
terkait laporan dan/atau hal-hal lain yang disampaikan                   regarding reports and/or other matters submitted by the
oleh Direksi. Hal ini mencakup penelaahan menyeluruh                     Board of Directors. This includes comprehensive reviews
atas laporan keuangan, penilaian efektivitas sistem                      of financial statements, assessment of the effectiveness of
pengendalian internal, serta pemantauan kepatuhan                        internal control systems, and monitoring compliance with
terhadap peraturan yang berlaku. Selain itu, Komite Audit                applicable regulations. In addition, the Audit Committee
mengidentifikasi isu-isu pada area yang memerlukan                       identifies issues in areas requiring the attention of the
perhatian     Dewan    Komisaris    guna     memastikan                  Board of Commissioners to ensure transparent financial
transparansi     pelaporan    keuangan,        penguatan                 reporting, strong internal controls, and compliance
pengendalian internal, serta terpenuhinya standar                        standards, thereby maintaining high standards of
kepatuhan, sehingga standar tata kelola yang tinggi                      governance.
dapat terjaga.



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           2025 Highlights   Management Report    About the Company        Management Discussion and Analysis   Corporate Governance




                             6
             Dasar Pembentukan Komite Audit
      Legal Basis for the Establishment of the Audit Committee

      Pembentukan Komite Audit di bawah Dewan Komisaris                The establishment of the Audit Committee under
      mengacu pada ketentuan sebagai berikut:                          the Board of Commissioners refers to the following
                                                                       regulations:
      1.    Undang-Undang Republik Indonesia No. 19 Tahun              1. Law of the Republic of Indonesia No. 19 of 2003 dated
            2003 tanggal 3 Agustus 2003 tentang Badan Usaha               August 3, 2003 concerning State-Owned Enterprises;
            Milik Negara;
      2.    Peraturan Menteri Badan Usaha Milik Negara Nomor           2. Regulation of the Minister of State-Owned Enterprises
            PER-2/MBU/03/2023 tentang Pedoman Tata Kelola                 No. PER-2/MBU/03/2023 concerning Guidelines for
            dan Kegiatan Korporasi Signifikan Badan Usaha Milik           Governance and Significant Corporate Activities of
            Negara;                                                       State-Owned Enterprises;
      3.    Peraturan Menteri Badan Usaha Milik Negara Nomor           3. Regulation of the Minister of State-Owned Enterprises
            PER-3/MBU/03/2023 tentang Organ dan Sumber Daya               No. PER-3/MBU/03/2023 concerning Organs and
            Manusia Badan Usaha Milik Negara;                             Human Resources of State-Owned Enterprises;
      4.    Surat Keputusan Menteri Badan Usaha Milik                  4. Decree of the Minister of State-Owned Enterprises
            Negara dan Direktur Utama Perusahaan Perseroan                and the President Director of PT Angkasa Pura
            (Persero) PT Angkasa Pura Indonesia selaku para               Indonesia (Persero) as Shareholders of PT Angkasa
            Pemegang Saham PT Angkasa Pura Indonesia                      Pura Indonesia No. SK-203/MBU/09/2024 and No.
            Nomor SK-203/MBU/09/2024 dan Nomor KEP.                       KEP.INJ.08.03.01/23/09/2024/A.0141 dated September
            INJ.08.03.01/23/09/2024/A.0141 tanggal 6 September            6, 2024 concerning the Dismissal and Appointment
            2024 tentang Pemberhentian dan Pengangkatan                   of Members of the Board of Commissioners of PT
            Anggota Dewan Komisaris PT Angkasa Pura Indonesia;            Angkasa Pura Indonesia;
      5.    Surat Keputusan Dewan Komisaris Nomor KEP.21/              5. Decree of the Board of Commissioners No. KEP.21/
            DK.API/9/2024 tanggal 9 September 2024 tentang                DK.API/9/2024 dated September 9, 2024 concerning
            Pengangkatan Ketua dan Wakil Ketua Komite PT                  the Appointment of the Chair and Vice Chairs of the
            Angkasa Pura Indonesia;                                       Committee of PT Angkasa Pura Indonesia;
      6.    Surat Keputusan Dewan Komisaris Nomor KEP.23/              6. Decree of the Board of Commissioners No. KEP.23/
            DK.API/10/2024 tanggal 2 Oktober 2024 tentang                 DK.API/10/2024 dated October 2, 2024 concerning
            Pemberhentian dan Pengangkatan;                               Dismissal and Appointment;
      7.    Piagam Komite Audit.                                       7. Audit Committee Charter.




             Struktur dan Keanggotaan Komite
      Structure and Membership of the Committee

      Berdasarkan Surat Keputusan Dewan Komisaris:                     Based on the Board of Commissioners’ Decrees:
      a. No. KEP.21/DK.API/9/2024 tanggal 9 September                  a. No. KEP.21/DK.API/9/2024 dated September 9, 2024,




                             7
         2024 tentang Pengangkatan Ketua dan Wakil Ketua                  regarding the Appointment of the Chairman and
         Komite PT Angkasa Pura Indonesia;                                Vice Chairman of the PT Angkasa Pura Indonesia
                                                                          Committee;
      b. No. KEP.03/DK.API/5/2025 tanggal 19 Mei 2025                  b. No. KEP.03/DK.API/5/2025 dated May 19, 2025,
         tentang Pemberhentian, Pengalihan Tugas Serta                    regarding the Dismissal, Transfer of Duties, and
         Pengangkatan Ketua Dan Wakil Ketua Komite Audit,                 Appointment of the Chairman and Vice Chairman
         Komite Pemantau Manajemen Risiko & Tata Kelola                   of the Audit Committee, Risk Management &
         Terintegrasi Dan Komite Nominasi & Remunerasi                    Integrated Governance Monitoring Committee, and
         Dewan Komisaris PT Angkasa Pura Indonesia;                       Nomination & Remuneration Committee of the Board
                                                                          of Commissioners of PT Angkasa Pura Indonesia;
      c. No. KEP.05/DK.API/7/2025 tanggal 8 Juli 2025 tentang          c. No. KEP.05/DK.API/7/2025 dated July 8, 2025,
         Pengalihan Tugas dan Pengangkatan Wakil Ketua                    regarding the Transfer of Duties and Appointment of
         Komite Audit dan Komite Pemantau Manajemen                       the Vice Chairman of the Audit Committee and Risk
         Risiko & Tata Kelola Terintegrasi.                               Management & Integrated Governance Monitoring
                                                                          Committee.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




Susunan keanggotaan Komite Audit PT Angkasa Pura                             The membership structure of the PT Angkasa Pura
Indonesia adalah sebagai berikut:                                            Indonesia Audit Committee is as follows:

                                                   Periode 1 Januari – 18 Mei 2025
                                                   Period of January 1 – May 18, 2025


                   Jabatan                                           Nama                                  Surat Keputusan
                  Position                                           Name                                       Decree

Ketua | Chairman                                   Djamaluddin                                  KEP.21/DK.API/9/2024, 9
                                                                                                Sept 2024 | Sept 9, 2024

Wakil Ketua 1 | Vice Chairman 1                    Erwan Agus Purwanto                          KEP.21/DK.API/9/2024, 9 Sept
                                                                                                2024 | Sept 9, 2024

Wakil Ketua 2 | Vice Chairman 2                    Achmad Syah Reza                             KEP.21/DK.API/9/2024, 9
                                                                                                Sept 2024 | Sept 9, 2024

Anggota | Member                                   Irwanda Wisnu Wardhana                       KEP.23/DK.API/10/2024, 1
                                                                                                Okt 2024 | Oct 2024

Anggota | Member                                   Ika Setyawati                                KEP.26/DK.API/12/2024, 1
                                                                                                Des 2024 | Dec 2024




                                                    Periode 19 Mei – 7 Juli 2025
                                                     Period of May 19 – July 7, 2025


                   Jabatan                                           Nama                                  Surat Keputusan
                  Position                                           Name                                       Decree

Ketua | Chairman                                   Djamaluddin                                  KEP.21/DK.API/9/2024, 9
                                                                                                Sept 2024 | Sept 9, 2024

Wakil Ketua | Vice Chairman                        Imelda Sari                                  KEP.03/DK.API/5/2025, 19
                                                                                                Mei 2025 | May 19, 2025

Anggota | Member                                   Irwanda Wisnu Wardhana                       KEP.23/DK.API/10/2024, 1
                                                                                                Okt 2025 | Oct 1, 2025

Anggota | Member                                   Ika Setyawati                                KEP.10/DK.API/08/2025, 8
                                                                                                Agt 2025 | Aug 8, 2025




                                           Periode 9 Agustus – 31 Desember 2025
                                               Period of August 9 – December 31, 2025


                   Jabatan                                           Nama                                  Surat Keputusan
                  Position                                           Name                                       Decree

Ketua | Chairman                                   Djamaluddin                                  KEP.21/DK.API/9/2024, 9
                                                                                                Sept 2024 | Sept 9, 2024

Wakil Ketua 1 | Vice Chairman 1                    Imelda Sari                                  KEP.03/DK.API/5/2025, 19
                                                                                                Mei 2025 | May 19, 2025

Wakil Ketua 2 | Vice Chairman 2                    Elly Engelbert Lasut                         KEP.10/DK.API/8/2025, 8
                                                                                                Agt 2025 | Aug 8, 2025

Anggota | Member                                   Irwanda Wisnu Wardhana                       KEP.13/DK.API/10/2025, 1
                                                                                                Okt 2025 | Oct 1, 2025

Anggota | Member                                   Ika Setyawati                                KEP.26/DK.API/12/2024, 1
                                                                                                Des 2024 | Dec 2024




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        2025 Highlights   Management Report     About the Company      Management Discussion and Analysis   Corporate Governance




          Struktur dan Keanggotaan Komite
      Structure and Membership of the Committee


                                                   Djamaluddin
                                                   Ketua Komite Audit
                                                   Audit Committee Chairman


                                                   Profil lengkap Bapak Djamaluddin telah disebutkan
                                                   dalam Profil Dewan Komisaris di Bab 2.
                                                   The complete profile of Mr. Djamaluddin is mentioned in the
                                                   Profile of the Board of Commissioners in Chapter 2.




                                                   Imelda Sari
                                                   Wakil Ketua I Komite Audit
                                                   Vice Chairman I of Audit Committee


                                                   Profil lengkap Ibu Imelda Sari telah disebutkan
                                                   dalam Profil Dewan Komisaris di Bab 2.
                                                   The complete profile of Mrs. Imelda Sari is mentioned in the
                                                   Profile of the Board of Commissioners in Chapter 2.




                                                   Elly Engelbert Lasut
                                                   Wakil Ketua II Komite Audit
                                                   Vice Chairman II of Audit Committee


                                                   Profil lengkap Ibu Imelda Sari telah disebutkan
                                                   dalam Profil Dewan Komisaris di Bab 2.
                                                   The complete profile of Mrs. Imelda Sari is mentioned in the
                                                   Profile of the Board of Commissioners in Chapter 2.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                 Dasar Pengangkatan | Basis of Appointment
                                                 Keputusan Dewan Komisaris No. KEP.23/DK.API/10/2024 tanggal 1 Oktober
                                                 2024.
                                                 Board of Commissioners Decree No. KEP.23/DK.API/10/2024 dated October
                                                 1, 2024.

                                                 Periode Penugasan | Term of Appointment
                                                 3 tahun
                                                 3 years

                                                 Riwayat Pendidikan | Education Background
                                                 y Magister Administrasi Bisnis (MBA), Institut Teknologi Bandung (dalam
                                                   proses).
                                                 y Doktor (Ph.D.) Kebijakan Publik dan Ekonomi Politik, University of Texas,
                                                   Amerika Serikat (2012–2016).
 Irwanda Wisnu Wardhana                          y Magister Kebijakan Publik (MPP), Hitotsubashi University, Jepang (2008–
                                                   2010).
 Anggota Komite Audit
                                                 y Sarjana Sains Terapan (SST) Akuntansi Terapan, Politeknik Keuangan
 Audit Committee Member
                                                   Negara STAN (2003–2005).
                                                 y Diploma III (A.Md.) Akuntansi, Politeknik Keuangan Negara STAN (1998–
                                                   2001).
 Kewarganegaraan | Citizenship                   y Master of Business Administration (MBA), Bandung Institute of
 Indonesia | Indonesian                            Technology (in progress).
                                                 y PhD in Public Policy and Political Economy, University of Texas, USA
 Domisili | Residence                              (2012–2016).
                                                 y Master of Public Policy, Hitotsubashi University, Japan (2008–2010).
 Tangerang Selatan                               y Applied Bachelor (SST) in Applied Accounting, State College of
 South Tangerang                                   Accountancy STAN (2003–2005).
                                                 y Diploma (A.Md.) in Accounting, State College of Accountancy STAN (1998–
 Usia | Age                                        2001).
 45 tahun | 45 years old
                                                 Riwayat Pekerjaan | Employment History
                                                 y Kepala Pusat Riset Koperasi, Korporasi, dan Ekonomi Kerakyatan, Badan
                                                   Riset dan Inovasi Nasional (2021–2024).
                                                 y Anggota Komite Risiko Usaha dan Good Corporate Governance PT
                                                   Angkasa Pura I (2021–2024).
                                                 y Anggota Komite Audit PT Angkasa Pura II (2016–2021).
                                                 y Tim Ahli PT Reska Multi Usaha, anak perusahaan PT KAI dan PT HK
                                                   Realtindo, anak perusahaan PT Hutama Karya (2014–2016).
                                                 y Auditor Direktorat Jenderal Bea dan Cukai, Kementerian Keuangan
                                                   (2001–2007).
                                                 y Head of Research Center for Cooperatives, Corporations, and People’s
                                                   Economy, National Research and Innovation Agency (2022–present).
                                                 y Member of the Risk and GCG Committee of PT Angkasa Pura I (2021–2024).
                                                 y Member of the Audit Committee of PT Angkasa Pura II (2016–2021).
                                                 y Expert Team at PT Reska Multi Usaha (subsidiary of PT KAI) and PT HK
                                                   Realtindo (subsidiary of PT Hutama Karya) (2014–2016).
                                                 y Auditor at Directorate General of Customs and Excise of the Ministry of
                                                   Finance (2001–2007).

                                                 Rangkap Jabatan | Concurrent Position
                                                 Tidak ada.
                                                 None.

                                                 Hubungan Afiliasi | Affilial Relationship
                                                 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi,
                                                 Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                                 He has no affiliation with members of the Board of Commissioners, Board
                                                 of Directors, Committees, or the Company’s Shareholders and Controlling
                                                 Shareholders.




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        2025 Highlights     Management Report    About the Company        Management Discussion and Analysis   Corporate Governance




                                                Dasar Pengangkatan | Basis of Appointment
                                                Keputusan Dewan Komisaris No. KEP.26/DK.API/12/2024 tanggal 1
                                                Desember 2024.
                                                Board of Commissioners Decree No. KEP.26/DK.API/12/2024 dated
                                                December 1, 2024.

                                                Periode Penugasan | Term of Appointment
                                                3 tahun
                                                3 years

                                                Riwayat Pendidikan | Education Background
                                                y Magister Manajemen dan Bisnis, Sekolah Pascasarjana Institut Pertanian
                                                  Bogor (2020).
                                                y Sarjana Terapan Teknologi Informasi, PENS ITS Surabaya (2008).
                                                y Sarjana Angewandte Informatik, Berufsakademie Stuttgart, Jerman
         Ika Setyawati                            (2007).
                                                y Master in Management and Business, Graduate School of IPB University
         Anggota Komite Audit
                                                  (2020).
         Audit Committee Member
                                                y Applied Bachelor in Information Technology, PENS ITS Surabaya (2008).
                                                y Bachelor in Applied Informatics, Berufsakademie Stuttgart, Germany
                                                  (2007).
         Kewarganegaraan | Citizenship
         Indonesia | Indonesian                 Riwayat Pekerjaan | Employment History
                                                y Anggota Komite Audit PT Angkasa Pura Indonesia (2024–2027).
         Domisili | Residence                   y Anggota Komite Audit Perum LPPNPI (AirNav Indonesia) (2020–2024).
                                                y Sekretaris Dewan Komisaris PT Permodalan Nasional Madani (2018–2020).
         Tangerang Selatan
                                                y Sekretaris Dewan Komisaris PT Permodalan Nasional Madani (2015–2018).
         South Tangerang                        y Sekretaris Dewan Komisaris PT Agrinas Pangan Nusantara (Persero)
                                                  (2014–2015).
         Usia | Age                             y Audit Committee Member of PT Angkasa Pura Indonesia (2024–2027).
         41 tahun | 41 years old                y Audit Committee Member of Perum LPPNPI (AirNav Indonesia) (2020–
                                                  2024).
                                                y Corporate Secretary to the Board of Commissioners of PT Permodalan
                                                  Nasional Madani (2018–2020).
                                                y Corporate Secretary to the Board of Commissioners of PT Permodalan
                                                  Nasional Madani (2015–2018).
                                                y Corporate Secretary to the Board of Commissioners of PT Agrinas Pangan
                                                  Nusantara (Persero) (2014–2015).

                                                Rangkap Jabatan | Concurrent Position
                                                Koordinator Komunikasi Publik BP BUMN.
                                                Public Communications Coordinator at the SOEs.

                                                Hubungan Afiliasi | Affilial Relationship
                                                Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi,
                                                Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                                She has no affiliation with members of the Board of Commissioners, Board
                                                of Directors, Committees, or the Company’s Shareholders and Controlling
                                                Shareholders.




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     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




       Piagam Komite Audit
Audit Committee Charter

Piagam Komite Audit merupakan pedoman kerja                                 The Audit Committee Charter serves as an official
resmi yang menjadi acuan bagi Komite Audit                                  guideline for the Audit Committee in carrying out its
dalam melaksanakan tugas, tanggung jawab, dan                               duties, responsibilities, and authorities in an effective
kewenangannya secara efektif dan akuntabel. Piagam ini                      and accountable manner. The Charter is prepared in
disusun mengacu pada peraturan perundang-undangan,                          accordance with prevailing laws and regulations, the
prinsip Tata Kelola Perusahaan yang Baik, serta                             principles of Good Corporate Governance, and best
praktik terbaik, guna memastikan independensi dan                           practices, to ensure independence and professionalism.
profesionalisme. Ruang lingkupnya mencakup struktur,                        Its scope includes structure, duties, meeting mechanisms,
tugas, mekanisme rapat, pelaporan, serta hubungan                           reporting, and working relationships with the Board of
kerja dengan Dewan Komisaris, Direksi, dan auditor,                         Commissioners, Board of Directors, and auditors, thereby
sehingga fungsi pengawasan atas pelaporan keuangan,                         enabling effective oversight of financial reporting, internal
pengendalian internal, manajemen risiko, dan kepatuhan                      control, risk management, and compliance.
dapat berjalan optimal.




       Tugas dan Tanggung Jawab
Duties and Responsibilities

Terkait Laporan Keuangan                                                    Related to Financial Statements
1. Melakukan penelaahan atas informasi keuangan                             1. Review financial information to be disclosed by the
   yang akan dikeluarkan Perusahaan, seperti laporan                           Company, such as financial statements, projections,
   keuangan, proyeksi, dan informasi keuangan lainnya.                         and other financial information.
2. Melakukan penelaahan bersama manajemen, internal                         2. Conduct reviews with management, internal audit,
   audit, dan akuntan publik/kantor akuntan publik/                            and public accountants/public accounting firms/audit
   tim audit atas hasil audit, termasuk kendala yang                           teams regarding audit results, including challenges
   dihadapi.                                                                   encountered.
3. Memberikan pendapat independen apabila terdapat                          3. Provide independent opinions in the event of
   perbedaan pendapat antara manajemen dan akuntan                             disagreements between management and public
   publik/kantor akuntan publik/tim audit atas jasa yang                       accountants/public accounting firms/audit teams
   diberikan.                                                                  regarding services rendered.
4. Melakukan penelaahan atas laporan tahunan untuk                          4. Review the annual report to ensure adequacy,
   memastikan kecukupan, konsistensi, dan keakuratan                           consistency, and accuracy of information.
   informasi.



Terkait Pengendalian Internal                                               Related to Internal Control
Melakukan pemantauan dan penelaahan atas:                                   Conduct monitoring and review on:
1. Sistem pengendalian internal perusahaan yang sesuai                      1. The Company’s internal control system in accordance
   dengan praktik terbaik yang berlaku.                                        with applicable best practices.
2. Laporan hasil pemeriksaan unit internal audit dan                        2. Audit reports from internal audit and external auditors
   auditor eksternal untuk memastikan efektivitas                              to ensure effective internal controls.
   pengendalian internal.
3. Tindak lanjut Direksi atas temuan internal audit dan                     3. Follow-up actions by the Board of Directors on findings
   auditor eksternal.                                                          from internal and external auditors.
4. Kecukupan pengendalian internal di Perusahaan dan/                       4. Adequacy of internal controls within the Company
   atau entitas lain yang memiliki kepentingan dengan                          and/or other entities in which the Company has
   Perusahaan.                                                                 interests.



Terkait Internal Audit                                                      Related to Internal Audit
1. Mengakses seluruh informasi relevan terkait tugas                        1. Access all relevant information related to the duties
   dan fungsi Komite Audit.                                                    and functions of the Audit Committee.
2. Memastikan objektivitas dan independensi auditor                         2. Ensure the objectivity and independence of internal



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           2025 Highlights   Management Report    About the Company          Management Discussion and Analysis   Corporate Governance




         internal dan eksternal.                                           and external auditors.
      3. Memastikan kredibilitas dan objektivitas laporan              3. Ensure the credibility and objectivity of financial
         keuangan yang akan diterbitkan, termasuk tindak                   statements, including follow-up on complaints or
         lanjut atas keluhan atau indikasi ketidakwajaran.                 irregularities.
      4. Memantau proses pelaporan keuangan yang diaudit               4. Monitor the financial reporting process audited by
         oleh auditor eksternal.                                           external auditors.
      5. Memastikan komunikasi auditor internal dengan                 5. Ensure internal auditors maintain communication
         Direksi, Dewan Komisaris, dan auditor eksternal.                  with the Board of Directors, Board of Commissioners,
                                                                           and external auditors.
      6. Memberikan rekomendasi kepada Dewan Komisaris                 6. Provide recommendations to the Board of
          terkait rencana audit, ruang lingkup, dan anggaran               Commissioners regarding audit plans, scope, and
          audit internal.                                                  internal audit budgets.
      7. Mengevaluasi       laporan    audit   internal   serta        7. Evaluate internal audit reports and recommend
          merekomendasikan perbaikan atas kelemahan                        corrective actions for control weaknesses, fraud, and
          pengendalian, kecurangan, dan ketidakpatuhan.                    compliance issues.
      8. Mengevaluasi kinerja auditor internal.                        8. Evaluate the performance of internal auditors.
      9. Memastikan auditor internal menjunjung tinggi                 9. Ensure internal auditors uphold integrity in performing
          integritas dalam pelaksanaan tugas.                              their duties.
      10. Memberikan rekomendasi terkait remunerasi dan                10. Provide recommendations regarding remuneration
          penghargaan kinerja auditor internal.                            and performance rewards for internal auditors.
      11. Memantau        kesesuaian    penerapan    kebijakan         11. Monitor the alignment of financial and internal
          keuangan dan audit internal di perusahaan induk dan              audit policies between the parent company and
          anak perusahaan.                                                 subsidiaries.
      12. Memberikan rekomendasi untuk meningkatkan                    12. Provide     recommendations      to    enhance     the
          efektivitas dan akurasi pelaporan keuangan.                      effectiveness and accuracy of financial reporting.
      13. Melakukan pemantauan atas pelaksanaan fungsi                 13. Monitor the implementation of internal audit
          audit internal sesuai ketentuan yang berlaku.                    functions in accordance with applicable regulations.
      14. Menelaah rencana audit, ruang lingkup, dan anggaran          14. Review internal audit plans, scope, and budgets.
          audit internal.
      15. Memantau efektivitas audit internal dan eksternal.           15. Monitor the effectiveness of internal and external
                                                                           audits.
      16. Memberikan saran kepada Dewan Komisaris terkait              16. Provide advice to the Board of Commissioners
          pengangkatan dan pemberhentian Kepala Audit                      regarding the appointment and dismissal of the Head
          Internal.                                                        of Internal Audit.
      17. Menelaah laporan audit internal, termasuk laporan            17. Review internal audit reports, including irregularity
          penyimpangan yang disampaikan Direksi.                           reports submitted by the Board of Directors.
      18. Mengawasi tindak lanjut Direksi atas temuan audit            18. Oversee follow-up actions by the Board of Directors on
          internal.                                                        internal audit findings.



      Terkait Auditor Independen                                       Related to Independent Auditors
      1.   Memberikan rekomendasi penunjukan akuntan                   1.   Provide recommendations for the appointment of
           publik/kantor akuntan publik kepada Dewan                        public accountants/public accounting firms to the
           Komisaris untuk disampaikan kepada RUPS, dengan                  Board of Commissioners for submission to the GMS,
           mempertimbangkan independensi, ruang lingkup,                    considering independence, scope, fees, competence,
           imbal jasa, kompetensi, metodologi, dan risiko                   methodology, and rotation risks.
           penggunaan berulang.
      2.   Mengusulkan       pemberhentian     apabila    tidak        2. Propose dismissal if they do not meet applicable
           memenuhi standar yang berlaku.                                 standards.
      3.   Memberikan rekomendasi penggantian apabila                  3. Recommend replacement if auditors cannot complete
           auditor tidak dapat menyelesaikan penugasan.                   their engagement.
      4.   Mengevaluasi pelaksanaan jasa audit atas laporan            4. Evaluate audit services for annual historical financial
           keuangan historis tahunan.                                     information.
      5.   Menelaah temuan signifikan auditor eksternal dan            5. Review significant findings of external auditors and
           tindak lanjutnya.                                              their follow-up actions.
      6.   Memberikan pendapat independen apabila terjadi              6. Provide     independent    opinions    in   case     of
           perbedaan pendapat antara Direksi dan auditor.                 disagreements between the Board of Directors and
                                                                          auditors.




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     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Terkait Kepatuhan                                                           Related to Compliance
Melakukan pemantauan dan penelaahan atas:                                   Conduct monitoring and review on:
1. Kepatuhan      terhadap    peraturan    perundang-                       1. Compliance with applicable laws and regulations.
   undangan.
2. Laporan hasil pemeriksaan terkait kepatuhan.                             2. Audit reports related to compliance.
3. Kesesuaian laporan keuangan dengan standar                               3. Compliance of financial statements with accounting
   akuntansi.                                                                  standards.
4. Potensi benturan kepentingan.                                            4. Potential conflicts of interest.



Terkait Pengaduan Akuntansi dan                                             Related to Accounting Complaints
Pelaporan                                                                   and Reporting
1. Menelaah pengaduan dugaan pelanggaran terkait                            1. Review complaints or reports of alleged violations
   laporan keuangan dan perusahaan serta tindak                                related to financial reporting and the Company,
   lanjutnya melalui mekanisme whistleblowing system                           including    follow-up   through     whistleblowing
   atau penelaahan independen.                                                 mechanisms or independent review.
2. Memasukkan kegiatan penanganan pengaduan                                 2. Include complaint handling activities in the annual
   dalam program kerja tahunan Komite Audit.                                   work program of the Audit Committee.



Terkait Penugasan Lainnya                                                   Related to Other Assignments
1. Mengidentifikasi hal-hal yang memerlukan perhatian                       1. Identify matters requiring the attention of the Board
   Dewan Komisaris.                                                            of Commissioners.
2. Melaksanakan tugas pengawasan lain yang diberikan                        2. Perform other supervisory duties assigned by the
   oleh Dewan Komisaris.                                                       Board of Commissioners.



Kewenangan                                                                  Authority
Dalam melaksanakan tugasnya, Komite Audit memiliki                          In performing its duties, the Audit Committee has the
kewenangan sebagai berikut:                                                 following authorities:
1. Mengakses seluruh informasi relevan berdasarkan                          1. Access all relevant information based on written
   penugasan tertulis dari Dewan Komisaris serta                                assignment from the Board of Commissioners and
   melaporkan hasilnya secara tertulis.                                         report the results in writing.
2. Berkomunikasi langsung dengan pegawai, Direksi,                          2. Communicate directly with employees, the Board
   dan pihak terkait fungsi audit, manajemen risiko, serta                      of Directors, and parties responsible for audit, risk
   akuntansi.                                                                   management, and accounting functions.
3. Melibatkan tenaga ahli independen dengan                                 3. Engage independent experts with the approval of the
   persetujuan Dewan Komisaris.                                                 Board of Commissioners.
4. Memberikan saran dan masukan kepada manajemen                            4. Provide advice and input to management regarding
   terkait penguatan pengendalian internal, GCG, dan                            internal control, GCG, and the Company’s performance
   kinerja Perusahaan.                                                          improvement.
5. Melaksanakan kewenangan lain yang diberikan oleh                         5. Perform other authorities granted by the Board of
   Dewan Komisaris.                                                             Commissioners.




       Masa Tugas
Term of Office

1. Masa jabatan anggota Komite Audit yang bukan                             1. The term of office of Audit Committee members who
   merupakan anggota Dewan Komisaris adalah                                    are not members of the Board of Commissioners
   paling lama 3 (tiga) tahun dan dapat diperpanjang                           shall be a maximum of 3 (three) years and may be
   untuk paling lama 2 (dua) tahun berikutnya, dengan                          extended for an additional maximum period of 2 (two)
   tidak mengurangi hak Dewan Komisaris untuk                                  years, without prejudice to the right of the Board of
   memberhentikan sewaktu-waktu.                                               Commissioners to dismiss them at any time.
2. Anggota Komite Audit yang merangkap sebagai                              2. Audit Committee members who concurrently serve as
   anggota Dewan Komisaris berhenti dari jabatannya                            members of the Board of Commissioners shall cease



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        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




         dalam Komite setelah berakhirnya masa jabatan                    to hold their position on the Committee upon the
         sebagai anggota Dewan Komisaris.                                 expiration of their term as members of the Board of
                                                                          Commissioners.
      3. Dalam hal anggota Dewan Komisaris yang menjabat               3. In the event that a member of the Board of
         sebagai Ketua Komite berhenti dari jabatannya                    Commissioners serving as the Chair of the Committee
         sebagai anggota Dewan Komisaris, maka posisi Ketua               ceases to hold office as a member of the Board of
         wajib digantikan oleh anggota Dewan Komisaris                    Commissioners, the position of Chair must be replaced
         lainnya paling lambat 30 (tiga puluh) hari kalender.             by another member of the Board of Commissioners
                                                                          no later than 30 (thirty) calendar days.



          Pelaporan
      Reporting

      Komite wajib menyampaikan laporan berkala kepada                 The Committee shall submit periodic reports to the Board
      Dewan Komisaris sekurang-kurangnya 1 (satu) kali dalam           of Commissioners at least 1 (once) every 3 (three) months,
      3 (tiga) bulan, serta laporan atas setiap penugasan atau         as well as reports on each assignment or any issues
      isu yang memerlukan perhatian Dewan Komisaris.                   requiring the attention of the Board of Commissioners.




        Kualifikasi, Pendidikan, dan Pengalaman Kerja Komite
      Audit
      Qualifications, Education, and Work Experience of the Audit Committee


      Persyaratan keanggotaan Komite Audit adalah sebagai              Membership requirements for the Audit Committee are
      berikut:                                                         as follows:

      Persyaratan Umum                                                 General Requirements
      1. Memiliki integritas, akhlak, dan moral yang baik.             1. Possess integrity, good character, and strong moral
                                                                          values.
      2. Tidak memiliki kepentingan dan/atau keterkaitan               2. Have no personal interests and/or affiliations that may
         pribadi  yang    dapat  menimbulkan   benturan                   give rise to a conflict of interest with the Company.
         kepentingan terhadap Perusahaan.

      Persyaratan Kompetensi                                           Competency Requirements
      1. Memiliki keahlian, kemampuan, pengetahuan, dan                1. Possess adequate expertise, capabilities, knowledge,
         pengalaman yang memadai sesuai dengan tugas dan                  and experience in accordance with assigned duties
         tanggung jawabnya.                                               and responsibilities.
      2. Wajib memahami industri/bisnis Perusahaan, audit,             2. Must have a thorough understanding of the
         serta peraturan perundang-undangan terkait.                      Company’s industry/business, audit, and relevant laws
                                                                          and regulations.
      3. Wajib mematuhi kode etik Komite Audit yang                    3. Must comply with the code of conduct of the Audit
         ditetapkan oleh Perusahaan.                                      Committee as established by the Company.
      4. Memiliki sertifikasi sesuai ketentuan yang berlaku            4. Hold certifications in accordance with applicable
         serta bersedia meningkatkan kompetensi secara                    requirements and demonstrate a commitment
         berkelanjutan melalui pendidikan dan pelatihan.                  to continuously enhance competencies through
                                                                          education and training.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




    Independensi Komite Audit
Independence of the Audit Committee

Seluruh anggota Komite merupakan pihak independen                          All Committee members are independent parties who
yang tidak memiliki hubungan keuangan, kepengurusan,                       do not have financial, managerial, shareholding, and/or
kepemilikan saham, dan/atau hubungan keluarga dengan                       family relationships with the Board of Commissioners,
Dewan Komisaris, Direksi, dan/atau Pemegang Saham                          the Board of Directors, and/or controlling shareholders.
Pengendali. Selain itu, tidak terdapat hubungan dengan                     Furthermore, there are no affiliations with banks that could
bank yang dapat mempengaruhi kemampuan anggota                             influence their ability to perform duties independently
Komite dalam melaksanakan tugas secara independen                          and objectively, thereby ensuring that oversight and
dan objektif, sehingga memastikan terciptanya fungsi                       evaluation functions are carried out free from conflicts of
pengawasan dan evaluasi yang bebas dari benturan                           interest.
kepentingan.

                                                   Independensi Komite Audit
                                               Independence of the Audit Committee


                     Aspek Independensi                           Djamaluddin            Imelda       Elly      Irwanda       Ika
                  Aspect of Independence                                                  Sari     Engelbert     Wisnu     Setyawati
                                                                                                     Lasut     Wardhana

Tidak memiliki hubungan keuangan
dengan Dewan Komisaris dan Direksi.
                                                                                                                          
Has no financial relationship with the Board of
Commissioners and the Board of Directors.

Tidak memiliki hubungan kepengurusan
di Perusahaan, anak perusahaan,
                                                                                                                          
maupun perusahaan afiliasi.
Has no managerial relationship with the Company,
its subsidiaries, or affiliated companies.

Tidak memiliki kepemilikan saham di Perusahaan.
Has no share ownership in the Company.
                                                                                                                          
Tidak memiliki hubungan keluarga dengan Dewan
Komisaris, Direksi, dan/atau sesama anggota Komite.
                                                                                                                          
Has no family relationship with the Board
of Commissioners, Board of Directors, and/
or fellow members of the Committee.

Tidak menjabat sebagai pengurus partai politik,
pejabat pemerintah, dan/atau aparatur sipil negara.
                                                                                                                          
Does not serve as a political party official,
government official, and/or civil servant.




    Rapat Komite Audit
Audit Committee Meetings

Komite Audit menyelenggarakan rapat secara berkala                         The Audit Committee convenes meetings regularly at
paling sedikit 1 (satu) kali dalam 1 (satu) bulan. Rapat                   least 1 (one) time per month. Meetings may be held if
dapat diselenggarakan apabila dihadiri oleh paling                         attended by at least 51% of the total Committee members,
sedikit 51% dari jumlah anggota Komite, termasuk 1 (satu)                  including 1 (one) Independent Commissioner and 1 (one)
Komisaris Independen dan 1 (satu) Pihak Independen.                        Independent Party. Decisions of the Audit Committee
Keputusan rapat Komite Audit diambil berdasarkan                           meetings are made based on deliberation for consensus.
musyawarah untuk mufakat. Rapat dipimpin oleh Ketua                        Meetings are chaired by the Chair of the Audit Committee
Komite Audit atau oleh anggota Komite lainnya yang                         or by another Committee member who is an Independent
merupakan Komisaris Independen apabila Ketua Komite                        Commissioner if the Chair is unable to attend.
Audit berhalangan hadir.



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        2025 Highlights      Management Report       About the Company         Management Discussion and Analysis        Corporate Governance




            Pelaksanaan Rapat Komite Audit
      Implementation of Audit Committee Meetings

      Pada tahun 2025, Komite Audit menyelenggarakan                       In 2025, the Audit Committee held 13 (thirteen) meetings.
      13 (tiga belas) kali rapat. Frekuensi kehadiran anggota              The attendance frequency of Audit Committee members
      Komite Audit adalah sebagai berikut:                                 is as follows:


                                                        Rapat Komite Audit
                                                     Audit Committee Meetings


       Nama Anggota             Jabatan                    Masa Jabatan                 Jumlah               Jumlah           Persentase
       Member Name              Position                  Term of Office               Wajib Rapat          Kehadiran         Kehadiran
                                                                                        Number of             Rapat             Rapat
                                                                                        Obligatory          Number            Percentage
                                                                                        Meetings           of Meeting         of Meeting
                                                                                                           Attendance         Attendance

      Djamaluddin         Ketua Komite           1 Januari – 31 Desember 2025                13                     13            100%
                          Committee              January 1 – December 31, 2025
                          Chairman

      Imelda Sari         Wakil Ketua            19 Mei – 31 Desember 2025                    9                     9             100%
                          Komite I               May 19 – December 31, 2025
                          1st Vice Committee
                          Chairman

      Elly Engelbert      Wakil Ketua            8 Juli – 31 Desember 2025                    7                     7             100%
      Lasut               Komite II              July 8 – December 31, 2025
                          2nd Vice Committee
                          Chairman

      Irwanda Wisnu       Anggota Komite         1 Januari – 31 Desember 2025                13                     13            100%
      Wardhana            Committee              January 1 – December 31, 2025
                          Member

      Ika Setyawati       Anggota Komite         1 Januari – 31 Desember 2025                13                     13            100%
                          Committee              January 1 – December 31, 2025
                          Member

      Erwan Agus          Wakil Ketua            1 Januari – 18 Mei 2025                      4                     4             100%
      Purwanto            Komite I               January 1 – May 18, 2025
                          1st Vice Committee
                          Chairman

      Achmad              Wakil Ketua            1 Januari – 18 Mei 2025                      4                     4            100%
      Syah Reza           Komite II              January 1 – May 18, 2025
                          2nd Vice Committee
                          Chairman




                                                  Agenda Rapat Komite Audit
                                                 Meeting Agenda of the Audit Committee



       No      Waktu Rapat                  Agenda Rapat                                  Kesimpulan / Tindak Lanjut
               Meeting Date                Meeting Agenda                                    Conclusion / Follow-Up

        1   23 Januari 2025      1. Pembahasan Program Kerja              Program Kerja Komite Audit Tahun 2025
            January 23, 2025        Komite Audit Tahun 2025               disetujui oleh seluruh Komite Audit.
                                    Discussion of the 2025 Audit          The 2025 Audit Committee Work Program was
                                    Committee Work Program                approved by all Audit Committee members.
                                 2. Persiapan Posko Lebaran 2025
                                    Preparation for the 2025 Eid
                                    Homecoming Command Post




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 Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




No      Waktu Rapat                       Agenda Rapat                                   Kesimpulan / Tindak Lanjut
        Meeting Date                    Meeting Agenda                                    Conclusion / Follow-Up

2    21 Februari 2025         1. Laporan Realisasi PMN                 1. Komite Audit menerima Laporan Realisasi PMN dan
     February 21, 2025           (Tunai dan Non-Tunai)                    menyetujui pelaporannya kepada Pemegang Saham.
                                 State Capital Injection                  The Audit Committee accepted the PMN Realization
                                 (PMN) Realization Report                 Report and approved its submission to Shareholders.
                                 (Cash and Non-Cash)                   2. Audit Laporan Keuangan berjalan on-track.
                              2. Update Progres Audit                     The Financial Statement Audit is proceeding on-track.
                                 Laporan Keuangan oleh KAP
                                 Progress Update on Financial
                                 Statement Audit by the Public
                                 Accounting Firm (KAP)

3    25 Maret 2025            1. Evaluasi Program Komite               1. Kinerja pengawasan Triwulan I dinilai sudah efektif.
     March 25, 2025              Audit Triwulan I 2025                    The supervisory performance for Quarter I is considered
                                 Evaluation of the Audit                  effective.
                                 Committee Program                     2. Rencana pelaksanaan supervisi lapangan untuk Posko
                                 for Quarter I 2025                       Lebaran.
                                                                          Plan for field supervision of the Eid Homecoming
                                                                          Command Post.

4    23 April 2025            1. Laporan Pertanggungjawaban            1. Komite Audit menerima laporan evaluasi AUP 2024
     April 23, 2025              Dewan Komisaris                          dengan catatan perbaikan pada pengendalian internal.
                                 Board of Commissioners                   The Audit Committee accepted the 2024 AUP evaluation
                                 Accountability Report                    report with notes on internal control improvements.
                              2. Evaluasi Kinerja KAP Tahun            2. Evaluasi kinerja KAP diterima untuk difinalkan pada RUPS.
                                 Buku 2024 & Usulan KAP 2025              The KAP performance evaluation was
                                 Evaluation of KAP                        accepted to be finalized at GMS.
                                 Performance for Fiscal Year
                                 2024 & 2025 KAP Proposal

5    28 Mei 2025              1. Review Program Kerja                  1. Program kerja disetujui dengan penekanan pada
     May 28, 2025                Komite Audit 2025                        harmonisasi akuntansi.
                                 Review of the 2025 Audit                 The work program was approved with an emphasis on
                                 Committee Work Program                   accounting harmonization.
                              2. Persiapan RUPS                        2. Manajemen diminta menyampaikan bahan RUPS paling
                                 Tahun Buku 2024                          lambat H-7.
                                 Preparation for the                      Management is requested to submit RUPS materials no
                                 Fiscal Year 2024 General                 later than 7 days prior.
                                 Meeting of Shareholders

6    27 Juni 2025             Evaluasi Pengendalian Internal           1. Laporan diterima dengan catatan atas keterlambatan
     June 27, 2025            Periode Triwulan I 2025                     realisasi audit.
                              Evaluation of Internal                      The report was accepted with notes on delays in audit
                              Controls for Quarter I 2025                 realization.
                                                                       2. Ditemukan temua n audit signifikan yang memerlukan
                                                                          percepatan penyelesaian.
                                                                          Significant audit findings were identified that require
                                                                          accelerated resolution.

7    21 Juli 2025             Evaluasi Kinerja Perusahaan              Penyusunan Telaahan Bersama lintas Komite
     July 21, 2025            Semester I 2025                          terkait Evaluasi Kinerja Semester I 2025.
                              Evaluation of Company                    Preparation of a Joint Committee Review regarding
                              Performance for Semester I 2025          the Semester I 2025 Performance Evaluation.

8    14 Agustus 2025          Tanggapan atas Usulan                    Finalisasi Nota Dinas kepada Dewan Komisaris mengenai
     August 14, 2025          Penghapusbukuan Aktiva Tetap             Konsep Persetujuan Penghapusbukuan Aktiva Tetap.
                              Response to the Proposed                 Finalization of the Internal Memo to the
                              Write-off of Fixed Assets                Board of Commissioners regarding the Draft
                                                                       Approval for Fixed Asset Write-offs.

9    23 September             Pembahasan Internal                      Penyusunan rekomendasi kepada Dewan Komisaris
     2025                     Inbreng Lahan GMFI                       atas aksi korporasi Inbreng Lahan GMFI.
     September                Internal Discussion on                   Preparation of recommendations to the
     23, 2025                 GMFI Land Inbreng                        Board of Commissioners regarding the
                                                                       GMFI Land Inbreng corporate action.




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         Ikhtisar 2025        Laporan Manajemen         Tentang Perusahaan         Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
         2025 Highlights      Management Report         About the Company          Management Discussion and Analysis     Corporate Governance




       No       Waktu Rapat                   Agenda Rapat                                    Kesimpulan / Tindak Lanjut
                Meeting Date                 Meeting Agenda                                      Conclusion / Follow-Up

       10     21 Oktober 2025        Pembahasan Capaian                      Penyusunan Nota Dinas Bersama lintas Komite
              October 21, 2025       Perusahaan s.d. Triwulan III 2025       mengenai telaahan atas Capaian Kinerja Perusahaan.
                                     Discussion of Company                   Preparation of a Joint Committee Internal Memo regarding
                                     Achievements up to                      the review of Company Performance Achievements.
                                     Quarter III 2025

        11    29 November            1. Pembahasan Rencana                   1. Finalisasi dokumen Rencana Kerja
              2025                      Kerja Komite Audit 2026                 Komite Audit Tahun 2026.
              November                  Discussion of the 2026 Audit            Finalization of the 2026 Audit Committee
              29, 2025                  Committee Work Plan                     Work Plan document.
                                     2. Pembahasan                           2. Finalisasi telaahan penghapusbukuan
                                        Penghapusbukuan                         aktiva tetap kendaraan operasional.
                                        Kendaraan Operasional                   Finalization of the review for the write-
                                        Discussion of the Write-off             off of operational vehicle fixed assets.
                                        of Operational Vehicles

        12    31 Desember            Pembahasan Progres Audit                Penyusunan daftar rencana aksi untuk mendukung
              2025                   Interim Laporan Keuangan                proses audit laporan keuangan agar sesuai rencana.
              December               Discussion of the Progress              Preparation of an action plan list to support the financial
              31, 2025               of the Interim Financial                statement audit process according to the plan.
                                     Statement Audit




             Pelatihan dan Peningkatan Kompetensi
      Training and Competency Enhancement

      Peningkatan kompetensi Komite dilakukan melalui                         The Committee competency improvement is carried
      sejumlah pelatihan formal serta informal melalui interaksi              out through a number of formal and informal training
      antara Dewan Komisaris, Direksi, dan manajemen melalui                  sessions through interactions between the Board of
      rapat serta kunjungan ke unit kerja Perusahaan.                         Commissioners, the Board of Directors, and management
                                                                              through meetings and visits to the Company’s work units.

                                                     Tabel Pelatihan Komite Audit
                                                  Table of the Audit Committee Trainings


             Tanggal         Lokasi                    Nama Pelatihan                           Penyelenggara             Nama Anggota
              Date          Location                    Training Name                              Organizer            Name of Members

       13 Maret 2025       Jakarta        Akuntan Beregister (NRA)                        Kementerian Keuangan          Irwanda Wisnu
       March 13, 2025                     Certification Extension Training (NRA)          Ministry of Finance           Wardhana

       10-12 April 2025    Jakarta        Pelatihan Perpanjangan                          LSPMR                         Irwanda Wisnu
       April 10-12, 2025                  Sertifikasi Asesor                                                            Wardhana
                                          Registered Accountant Assessor

       11 April 2025       Jakarta        Rekayasa Prompt dengan ChatGPT                  LinkedIn Learning             Ika Setyawati
       April 11, 2025                     Prompt Engineering with ChatGPT

       12 April 2025       Jakarta        Cara Melakukan Riset dan Menulis                LinkedIn Learning             Ika Setyawati
       April 12, 2025                     Menggunakan Alat AI Generatif
                                          How to Research and Write
                                          Using Generative AI Tools

       12-15 April 2025    Jakarta        Membangun Keterampilan ChatGPT                  LinkedIn Learning             Ika Setyawati
       April 12-15, 2025                  untuk Profesional Bisnis
                                          Building ChatGPT Skills for
                                          Business Professionals

       15 April 2025       Jakarta        Streamlining Your Work                          LinkedIn Learning             Ika Setyawati
       April 15, 2025                     with Microsoft Copilot




294   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 295
  Tanggung Jawab Sosial dan Lingkungan (TJSL)       Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




    Tanggal             Lokasi                     Nama Pelatihan                              Penyelenggara        Nama Anggota
      Date             Location                    Training Name                                 Organizer        Name of Members

16 April 2025        Jakarta          Webinar INSIGHT 1 2025 –                          Kementerian BUMN          Ika Setyawati
April 16, 2025                        Implementasi Internal Control over                Ministry of SOEs
                                      Financial Reporting pada BUMN
                                      INSIGHT Webinar 1 2025 –
                                      Implementation of Internal Control
                                      over Financial Reporting in SOEs

24 April 2025        Jakarta          How to Think Strategically                        LinkedIn Learning         Ika Setyawati
April 24, 2025

30 April 2025        Jakarta          Webinar INSIGHT 2 2025 – Merger dan               Kementerian BUMN          Ika Setyawati
April 30, 2025                        Dampaknya terhadap Peningkatan                    Ministry of SOEs
                                      Kinerja Korporasi: Studi Kasus Pelindo
                                      serta Urgensi Integrasi Maritim
                                      INSIGHT Webinar 2 2025 – Merger and
                                      Its Impact on Corporate Performance
                                      Improvement: Pelindo Case Study and
                                      the Urgency of Maritime Integration

19-23 Mei 2025       Singapura        Trade and Business Development                    Singapore Corporation     Irwanda Wisnu
May 19-23, 2025                                                                         Program (SCP)             Wardhana

21 Mei 2025          Jakarta          Webinar INSIGHT 4 – Peran Biofarma                Kementerian BUMN          Ika Setyawati
May 21, 2025                          dalam Mendukung Ketahanan                         Ministry of SOEs
                                      Kesehatan dan Indonesia Emas 2045
                                      INSIGHT Webinar 4 – The Role of
                                      Biofarma in Supporting Health
                                      Resilience and Indonesia Emas 2045

30 Juni - 6          Magelang         Economic Business Leadership                      Kementerian               Irwanda Wisnu
Juli 2025                             Executive Retreat Program                         Pertahanan dan            Wardhana
June 30 - July                                                                          Pendidikan Tinggi,
6, 2025                                                                                 Sains, dan Teknologi
                                                                                        Ministry of Defense
                                                                                        and Higher Education,
                                                                                        Science and Technology

22-25 Juli 2025      Jakarta          Sertifikasi dalam Praktik Komite Audit            IKAI                      Ika Setyawati
July 22-25, 2025                      Certification in Audit
                                      Committee Practices

18-29 Agustus        Boston           Super Intensive Business                          Massachusetts             Irwanda Wisnu
2025                                  Acumen Program                                    Institute of Technology   Wardhana
August 18-                                                                              (MIT), Sloan School
29, 2025                                                                                of Management


16–18                Jakarta          Regulatory Impact Assessment                      LPEM UI                   Ika Setyawati
September
2025
September
16–18, 2025




    Pencapaian Indikator Kinerja Kunci (KPI) Komite Audit
Achievement of Audit Committee Key Performance Indicators (KPI)

Pengukuran kinerja Komite Audit, baik secara individual                   The performance measurement of the Audit Committee,
maupun kolektif, dilakukan melalui mekanisme self-                        both individually and collectively, is conducted through
assessment. Berdasarkan evaluasi atas indikator                           a self-assessment mechanism. Based on the evaluation
pengukuran kinerja Komite selama tahun 2025, seluruh                      of the Committee’s performance indicators for 2025,
target telah tercapai. Hasil pengukuran kinerja Komite                    all targets have been achieved. The results of the
periode tahun 2025 adalah sebagai berikut:                                Committee’s performance measurement for the 2025
                                                                          period are as follows:



                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   295
Page 296
        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




                Indikator                                            Kegiatan                                          Capaian
                Indicator                                            Activities                                     Achievement

      Kegiatan rapat                1. Rapat Komite.                        1 kali per bulan (4 kali, mulai           Tercapai
      Meeting Activities               Committee Meetings.                  September s.d. Desember 2025).            Achieved
                                                                            Once a month (4 times, from
                                                                            September to December 2025).

                                    2. Rapat dengan Manajemen.              Sesuai kebutuhan (4 kali).                Tercapai
                                       Meetings with Management.            As needed (4 times).                      Achieved

                                    3. Rapat Gabungan dengan                Sesuai kebutuhan (6 kali).                Tercapai
                                       Komite lainnya dan Sekretaris        As needed (6 times).                      Achieved
                                       Dewan Komisaris.
                                       Joint Meetings with Other
                                       Committees and the Secretary
                                       of the Board of Commissioners.

                                    4. Rapat Internal Dewan Komisaris.      1 kali per bulan (5 kali, mulai           Tercapai
                                       Internal Meetings of the             September s.d. Desember 2025).            Achieved
                                       Board of Commissioners.              Once a month (5 times, from
                                                                            September to December 2025).

                                    5. Rapat Gabungan Dewan                 1 kali per bulan (4 kali, mulai           Tercapai
                                       Komisaris dengan Direksi.            September s.d. Desember 2025).            Achieved
                                       Joint Meetings of the Board          Once a month (4 times, from
                                       of Commissioners with                September to December 2025).
                                       the Board of Directors.

                                    6. Rapat dengan Kementerian             Sesuai kebutuhan (1 kali).                Tercapai
                                       BUMN/Pemegang Saham                  As needed (1 time).                       Achieved
                                       atau Instansi Lainnya.
                                       Meetings with the
                                       Ministry of State-Owned
                                       Enterprises/Shareholders
                                       or Other Institutions.

      Peningkatan kompetensi        Mengikuti pelatihan atau seminar        Pelatihan SAK for Executive serta         Tercapai
      melalui pelatihan/            atau workshop terkait audit.            pelatihan dan ujian Pathway to            Achieved
      workshop/webinar              Attending training, seminars, or        Chartered Accountant.
      Competency                    workshops related to audit.             SAK for Executive training,
      enhancement                                                           as well as training and
      through training/                                                     examination for the Pathway
      workshop/webinar                                                      to Chartered Accountant.

      Perjalanan Dinas              Melakukan kunjungan, rapat              Kegiatan monitoring pelaksanaan           Tercapai
      Official Duty Travel          dan pertemuan ke Kantor                 Natal 2025 dan tahun baru                 Achieved
                                    Pusat/Kantor Cabang.                    2026 (NATARU) di 10 bandara.
                                    Conducting visits, meetings,            Monitoring activities for
                                    and discussions at the Head             Christmas 2025 and New Year
                                    Office/Branch Offices.                  2026 operations at 10 airports.

      Self-assessment               Menyampaikan laporan pelaksanaan tugas Komite Audit.                              Tercapai
      pelaksanaan                   Submitting reports on the implementation                                          Achieved
      tugas Komite                  of the Audit Committee’s duties.
      Self-assessment of
      Committee duty
      implementation




          Laporan Kegiatan Komite Audit Tahun 2025
      Audit Committee Activity Report 2025

      Sepanjang tahun 2025, Komite Audit PT Angkasa Pura                 Throughout 2025, the Audit Committee of PT Angkasa
      Indonesia telah melaksanakan kegiatan kunjungan                    Pura Indonesia carried out intensive site visit activities
      lapangan (site visit) secara intensif sebagai bagian dari          as part of its operational and strategic oversight
      fungsi pengawasan operasional dan strategis Perusahaan.            function. In total, 24 site visits were conducted, with
      Secara keseluruhan, terdapat 24 kali kunjungan                     active participation primarily led by the Vice Chairman



296   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




lapangan yang dilaksanakan, dengan partisipasi aktif                     I and II, along with the Chairman and other Committee
yang didominasi oleh Wakil Ketua I dan Wakil Ketua II,                   members. These activities focused on monitoring national
serta melibatkan Ketua dan Anggota Komite lainnya.                       operational posts during key transportation periods,
Kegiatan ini difokuskan pada monitoring posko nasional                   including Christmas 2024 and New Year 2025 at Tjilik
dalam rangka periode angkutan penting, antara lain                       Riwut Airport, the 2025 Eid transportation period across
Natal 2024 dan Tahun Baru 2025 di Bandara Tjilik Riwut                   major airports such as Yogyakarta International Airport
Palangkaraya, Angkutan Lebaran 2025 di berbagai                          (YIA), Adi Soemarmo, Ahmad Yani, Hasanuddin, Ngurah
bandar udara utama seperti Yogyakarta International                      Rai, Singkawang, and Supadio, as well as Christmas
Airport (YIA), Adi Soemarmo, Ahmad Yani, Hasanuddin,                     2025 and New Year 2026 at Sepinggan, Soekarno-Hatta,
Ngurah Rai, Singkawang, dan Supadio, serta Natal 2025                    Kualanamu, Batam, and Ngurah Rai Airports.
dan Tahun Baru 2026 di Bandara Sepinggan, Soekarno-
Hatta, Kualanamu, Batam, dan Ngurah Rai.

Selain itu, kunjungan lapangan juga mencakup evaluasi                    In addition, the site visits covered strategic and operational
strategis dan operasional, antara lain monitoring kesiapan               evaluations, including monitoring the readiness of
kepulangan jamaah Haji 2025 di Bandara Minangkabau                       returning Hajj pilgrims in 2025 at Minangkabau and Hang
dan Hang Nadim, evaluasi kerja sama operasi (KSO) dan                    Nadim Airports, reviewing joint operations (KSO) and joint
joint venture di Bandara Kualanamu pada Juni 2025, serta                 venture activities at Kualanamu Airport in June 2025, and
monitoring operasional pada event internasional MotoGP                   overseeing operations during the MotoGP international
di Lombok. Komite Audit juga melakukan peninjauan                        event in Lombok. The Audit Committee also conducted
infrastruktur di Terminal 1C dan Terminal 3 Bandara                      infrastructure reviews at Terminal 1C and Terminal 3 of
Soekarno-Hatta, serta melaksanakan pendampingan                          Soekarno-Hatta Airport, accompanied official visits of
kunjungan kerja pejabat negara dan monitoring program                    government officials, and monitored Corporate Social
tanggung jawab sosial (CSR). Adapun untuk wilayah                        Responsibility (CSR) programs. Furthermore, for remote
perintis dan Indonesia Timur, kunjungan dilakukan                        and Eastern Indonesia regions, site visits were carried
ke Bandara Sentani dan Bandara Frans Kaisiepo pada                       out at Sentani and Frans Kaisiepo Airports from late
periode akhir November hingga awal Desember 2025.                        November to early December 2025.

Secara keseluruhan, Komite Audit telah melaksanakan                      Overall,  the    Audit    Committee     has   effectively
program kerja sesuai dengan Rencana Kerja Komite                         implemented its work program in accordance with the
Audit tahun 2025 dengan baik. Selain itu, rekomendasi                    2025 Audit Committee Work Plan. Furthermore, the
yang diberikan oleh Komite Audit telah diterima oleh                     recommendations provided by the Audit Committee have
Dewan Komisaris dan menjadi bahan pertimbangan                           been accepted by the Board of Commissioners and have
dalam proses pengambilan keputusan atas usulan yang                      served as considerations in the decision-making process
diajukan oleh Direksi. Dari aspek komunikasi, sepanjang                  on proposals submitted by the Board of Directors. From
tahun 2025 telah terjalin komunikasi yang baik dan                       a communication perspective, throughout 2025, effective
konsisten, dengan diskusi rutin terkait isu-isu strategis                and consistent communication has been maintained,
serta pemantauan atas tindak lanjut penyelesaian oleh                    including regular discussions on strategic issues and
Direksi.                                                                 monitoring the follow-up actions undertaken by the
                                                                         Board of Directors.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report       297
Page 298
        Ikhtisar 2025      Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      KOMITE PEMANTAU MANAJEMEN RISIKO
      DAN TATA KELOLA TERINTEGRASI
      THE RISK MANAGEMENT AND INTEGRATED GOVERNANCE OVERSIGHT
      COMMITTEE



      Komite Pemantau Manajemen Risiko dan Tata Kelola                The Risk Management and Integrated Governance
      Terintegrasi merupakan salah satu komite yang dibentuk          Oversight Committee is one of the committees
      oleh Dewan Komisaris dalam suatu perusahaan,                    established by the Board of Commissioners in a company,
      khususnya perusahaan terbuka, untuk membantu                    particularly in publicly listed companies, to assist in
      pelaksanaan fungsi pengawasan terhadap Manajemen                carrying out the oversight function of Risk Management
      Risiko dan Tata Kelola Perusahaan yang Baik. Fungsi             and Good Corporate Governance (GCG). The function
      komite ini adalah memastikan bahwa Perusahaan                   of this Committee is to ensure that the Company has
      memiliki sistem yang memadai untuk mengidentifikasi,            an adequate system to identify, measure, monitor, and
      mengukur, memantau, dan mengendalikan risiko.                   control risks.

      Selain itu, Komite memberikan penilaian atas efektivitas        In addition, the Committee provides an assessment of the
      pelaksanaan kebijakan dan sistem manajemen risiko,              effectiveness of the implementation of risk management
      termasuk aspek transparansi, akuntabilitas, tanggung            policies    and    systems,      including  transparency,
      jawab, independensi, dan kewajaran dalam pengelolaan            accountability, responsibility, independence, and fairness
      Perusahaan, serta memberikan rekomendasi atas                   in corporate management, as well as recommendations
      perbaikan sistem pengendalian internal, kepatuhan               for improving internal control systems, regulatory
      terhadap regulasi, dan potensi risiko strategis maupun          compliance, and potential strategic and operational risks.
      operasional.




        Dasar Pembentukan Komite Pemantau Manajemen
      Risiko dan Tata Kelola Terintegrasi
      Basis for the Establishment of the Risk Management and Integrated
      Governance Oversight Committee

      Pembentukan Komite Pemantau Manajemen Risiko                    The establishment of the Risk Management and
      dan Tata Kelola Terintegrasi di bawah Dewan Komisaris           Integrated Governance Oversight Committee under the
      mengacu pada hal-hal sebagai berikut:                           Board of Commissioners refers to the following:
      1. Undang-Undang Republik Indonesia No. 16 Tahun                1. Law of the Republic of Indonesia No. 16 of 2025
         2025 tentang Perubahan Keempat atas Undang-                      concerning the Fourth Amendment to Law No. 19 of
         Undang No. 19 Tahun 2003 tentang Badan Usaha Milik               2003 on State-Owned Enterprises;
         Negara;
      2. Peraturan Menteri Badan Usaha Milik Negara No.               2. Minister of State-Owned Enterprises Regulation
         PER-2/MBU/03/2023 tentang Pedoman Tata Kelola                   No. PER-2/MBU/03/2023 concerning Corporate
         dan Kegiatan Korporasi Signifikan Badan Usaha Milik             Governance Guidelines and Significant Corporate
         Negara;                                                         Activities of State-Owned Enterprises;
      3. Peraturan Menteri Badan Usaha Milik Negara No.               3. Minister of State-Owned Enterprises Regulation No.
         PER-3/MBU/03/2023 tentang Organ dan Sumber Daya                 PER-3/MBU/03/2023 concerning the Organization and
         Manusia Badan Usaha Milik Negara;                               Human Resources of State-Owned Enterprises;
      4. Surat Keputusan Menteri Badan Usaha Milik                    4. Decree of the Minister of State-Owned Enterprises
         Negara dan Direktur Utama Perusahaan Perseroan                  and the President Director of PT Aviasi Pariwisata
         (Persero) PT Aviasi Pariwisata Indonesia selaku                 Indonesia (Persero) as the shareholders of PT Angkasa
         para    pemegang      saham     PT  Angkasa   Pura              Pura Indonesia No. SK-203/MBU/09/2024 and No.
         Indonesia No.: SK-203/MBU/09/2024 dan No.: KEP.                 KEP.INJ.08.03.01/23/09/2024/A.0141 dated September
         INJ.08.03.01/23/09/2024/A.0141 tanggal 6 September              6, 2024, concerning the Dismissal and Appointment
         2024 tentang Pemberhentian dan Pengangkatan                     of Members of the Board of Commissioners of PT
         Anggota Dewan Komisaris PT Angkasa Pura Indonesia;              Angkasa Pura Indonesia;



298   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




5. Surat Keputusan Menteri Badan Usaha Milik Negara                      5. Decree of the Minister of State-Owned Enterprises
    dan Direktur Utama Perusahaan Perseroan (Persero)                        and the President Director of PT Aviasi Pariwisata
    PT Aviasi Pariwisata Indonesia selaku para pemegang                      Indonesia (Persero) as the shareholders of PT
    saham PT Angkasa Pura Indonesia No.: SK-129/                             Angkasa Pura Indonesia No. SK-129/MBU/05/2025
    MBU/05/2025 dan No.: KEP.DU.02/08.03.01/16/05/2025                       and No. KEP.DU.02/08.03.01/16/05/2025 dated May
    tanggal 16 Mei 2025 tentang Pemberhentian dan                            16, 2025, concerning the Dismissal and Appointment
    Pengangkatan Anggota Dewan Komisaris PT Angkasa                          of Members of the Board of Commissioners of PT
    Pura Indonesia;                                                          Angkasa Pura Indonesia;
6. Surat Keputusan Menteri Badan Usaha Milik Negara                      6. Decree of the Minister of State-Owned Enterprises
    dan Direktur Utama Perusahaan Perseroan (Persero)                        and the President Director of PT Aviasi Pariwisata
    PT Aviasi Pariwisata Indonesia selaku para pemegang                      Indonesia (Persero) as the shareholders of PT
    saham PT Angkasa Pura Indonesia No.: SK-197/                             Angkasa Pura Indonesia No. SK-197/MBU/07/2025
    MBU/07/2025 dan No.: KEP.DU.01/08.03.01/04/07/2025                       and No. KEP.DU.01/08.03.01/04/07/2025 dated July
    tanggal 4 Juli 2025 tentang Pemberhentian dan                            4, 2025, concerning the Dismissal and Appointment
    Pengangkatan Anggota Dewan Komisaris PT Angkasa                          of Members of the Board of Commissioners of PT
    Pura Indonesia;                                                          Angkasa Pura Indonesia;
7. Peraturan Dewan Komisaris PT Angkasa Pura                             7. Regulation of the Board of Commissioners of PT
    Indonesia No. KEP.01/DK.API/1/2025 tanggal 9 Januari                     Angkasa Pura Indonesia No. KEP.01/DK.API/1/2025
    2025 tentang Piagam (Charter) Komite Pemantau                            dated January 9, 2025, concerning the Charter of
    Manajemen Risiko dan Tata Kelola Terintegrasi PT                         the Risk Management and Integrated Governance
    Angkasa Pura Indonesia;                                                  Oversight Committee of PT Angkasa Pura Indonesia;
8. Surat Keputusan Dewan Komisaris No. KEP.21/                           8. Decree of the Board of Commissioners No. KEP.21/
    DK.API/9/2024 tanggal 9 September 2024 tentang                           DK.API/9/2024 dated September 9, 2024, concerning
    Pengangkatan Ketua dan Wakil Ketua Komite PT                             the Appointment of the Chairman and Vice Chairman
    Angkasa Pura Indonesia.                                                  of the Committee of PT Angkasa Pura Indonesia.
9. Surat Keputusan Dewan Komisaris No. KEP.23/                           9. Decree of the Board of Commissioners No. KEP.23/
    DK.API/10/2024 tanggal 1 Oktober 2024 tentang                            DK.API/10/2024 dated October 1, 2024, concerning
    Pemberhentian dan Pengangkatan Anggota Komite                            the Dismissal and Appointment of Members of the
    PT Angkasa Pura Indonesia;                                               Committee of PT Angkasa Pura Indonesia;
10. Surat Keputusan Dewan Komisaris No. KEP.03/                          10. Decree of the Board of Commissioners No. KEP.03/
    DK.API/5/2025 tanggal 19 Mei 2025 tentang                                DK.API/5/2025 dated May 19, 2025, concerning
    Pemberhentian,        Pengalihan      Tugas,   serta                     the Dismissal, Reassignment of Duties, and
    Pengangkatan Ketua dan Wakil Ketua Komite Audit,                         Appointment of the Chairman and Vice Chairman
    Komite Pemantau Manajemen Risiko dan Tata Kelola                         of the Audit Committee, the Risk Management and
    Terintegrasi, serta Komite Nominasi dan Remunerasi                       Integrated Governance Oversight Committee, and
    Dewan Komisaris PT Angkasa Pura Indonesia;                               the Nomination and Remuneration Committee of
                                                                             the Board of Commissioners of PT Angkasa Pura
                                                                             Indonesia;
11. Surat Keputusan Dewan Komisaris No. KEP.05/                          11. Decree of the Board of Commissioners No. KEP.05/
    DK.API/7/2025 tanggal 8 Juli 2025 tentang Pengalihan                     DK.API/7/2025 dated July 8, 2025, concerning the
    Tugas dan Pengangkatan Wakil Ketua Komite Audit                          Reassignment of Duties and Appointment of the
    dan Komite Pemantau Manajemen Risiko dan Tata                            Vice Chairman of the Audit Committee and the Risk
    Kelola Terintegrasi Dewan Komisaris PT Angkasa Pura                      Management and Integrated Governance Oversight
    Indonesia;                                                               Committee of the Board of Commissioners of PT
                                                                             Angkasa Pura Indonesia;
12. Surat Keputusan Dewan Komisaris No. KEP.10/                          12. Decree of the Board of Commissioners No. KEP.10/
    DK.API/08/2025 tanggal 8 Agustus 2025 tentang                            DK.API/08/2025 dated August 8, 2025, concerning
    Pengangkatan Anggota Komite Dewan Komisaris PT                           the Appointment of Members of the Committees
    Angkasa Pura Indonesia;                                                  of the Board of Commissioners of PT Angkasa Pura
                                                                             Indonesia;
13. Surat Keputusan Dewan Komisaris No. KEP.13/                          13. Decree of the Board of Commissioners No. KEP.13/
    DK.API/10/2025 tanggal 1 Oktober 2025 tentang                            DK.API/10/2025 dated October 1, 2025, concerning
    Pemberhentian dan Pengangkatan Anggota Komite                            the Dismissal and Appointment of Members of the
    Dewan Komisaris PT Angkasa Pura Indonesia.                               Committees of the Board of Commissioners of PT
                                                                             Angkasa Pura Indonesia.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   299
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        Ikhtisar 2025            Laporan Manajemen          Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights          Management Report          About the Company        Management Discussion and Analysis   Corporate Governance




          Struktur dan Keanggotaan Komite
      Structure and Membership of the Committee

      Susunan keanggotaan Komite Pemantau Manajemen                              The membership composition of the Risk Management
      Risiko dan Tata Kelola Terintegrasi (PR-TKT) adalah                        and Integrated Governance Oversight Committee (PR-
      sebagai berikut:                                                           TKT) is as follows:

                                                        Periode 1 Januari – 18 Mei 2025
                                                         Period of January 1 – May 18, 2025


                          Jabatan                                  Nama                                     Surat Keputusan
                          Position                                 Name                                          Decree

       Ketua | Chairman                              Satya Bhakti Parikesit             KEP.21/DK.API/09/2024, 9 September 2024

       Wakil Ketua 1 | Vice Chairman 1               Irfan Wahid                        KEP.21/DK.API/09/2024, 9 September 2024

       Wakil Ketua 2 | Vice Chairman 2               Lukman F. Laisa                    KEP.21/DK.API/09/2024, 9 September 2024

       Anggota | Member                              Okta Kurnia Putra                  KEP.23/DK.API/10/2024, 1 Oktober | October 2024


                                                          Periode 19 Mei – 7 Juli 2025
                                                           Period of May 19 – July 7, 2025


                          Jabatan                                  Nama                                     Surat Keputusan
                          Position                                 Name                                          Decree

       Ketua | Chairman                              Erwan Agus Purwanto                KEP.03/DK.API/5/2025, 19 Mei | May 2025

       Wakil Ketua 1 | Vice Chairman 1               Eva Yuliana                        KEP.03/DK.API/5/2025, 19 Mei | May 2025

       Anggota | Member                              Okta Kurnia Putra                  KEP.23/DK.API/10/2024, 1 Oktober | October 2024



                                                       Periode 8 Juli – 7 Agustus 2025
                                                          Period of July 8 – August 7, 2025


                          Jabatan                                  Nama                                     Surat Keputusan
                          Position                                 Name                                          Decree

       Ketua | Chairman                              Erwan Agus Purwanto                KEP.03/DK.API/5/2025, 19 Mei | May 2025

       Wakil Ketua 1 | Vice Chairman 1               Eva Yuliana                        KEP.03/DK.API/5/2025, 19 Mei | May 2025

       Wakil Ketua 2 | Vice Chairman 2               Yunus Nusi                         KEP.05/DK.API/7/2025, 8 Juli | July 2025

       Anggota | Member                              Okta Kurnia Putra                  KEP.23/DK.API/10/2024, 1 Oktober | October 2024


                                               Periode 8 Agustus – 30 September 2025
                                                     Period of August 8 – September 30, 2025


                          Jabatan                                  Nama                                     Surat Keputusan
                          Position                                 Name                                          Decree

       Ketua | Chairman                              Erwan Agus Purwanto                KEP.03/DK.API/5/2025, 19 Mei | May 2025

       Wakil Ketua 1 | Vice Chairman 1               Eva Yuliana                        KEP.03/DK.API/5/2025, 19 Mei | May 2025

       Wakil Ketua 2 | Vice Chairman 2               Yunus Nusi                         KEP.05/DK.API/7/2025, 8 Juli | July 2025

       Anggota | Member                              Okta Kurnia Putra                  KEP.23/DK.API/10/2024, 1 Oktober | October 2024

       Anggota | Member                              Romy Marcandi                      EP.10/DK.API/08/2025, 8 Agustus | August 2025



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                                            Periode 1 Oktober – 31 Desember 2025
                                               Period of October 1 – December 31, 2025


                Jabatan                                     Nama                                     Surat Keputusan
                Position                                    Name                                          Decree

Ketua | Chairman                              Erwan Agus Purwanto                   KEP.03/DK.API/5/2025, 19 Mei | May 2025

Wakil Ketua 1 | Vice Chairman 1               Eva Yuliana                           KEP.03/DK.API/5/2025, 19 Mei | May 2025

Wakil Ketua 2 | Vice Chairman 2               Yunus Nusi                            KEP.05/DK.API/7/2025, 8 Juli | July 2025

Anggota | Member                              Romy Marcandi                         EP.10/DK.API/08/2025, 8 Agustus | August 2025

Anggota | Member                              Muhammad Uluan Amirta                 KEP.13/DK.API/10/2025, 1 Oktober | October 2025




    Profil Anggota Komite
Profile of Committee Members

Susunan keanggotaan Komite Pemantau Manajemen                              The membership composition of the Risk Management
Risiko dan Tata Kelola Terintegrasi (PR-TKT) adalah                        and Integrated Governance Oversight Committee (PR-
sebagai berikut:                                                           TKT) is as follows:




                                                       Erwan Agus Purwanto
                                                       Ketua Komite PR-TKT
                                                       Chairman of PR-TKT Committee


                                                       Profil lengkap Bapak Erwan Agus Purwanto telah
                                                       disebutkan dalam Profil Dewan Komisaris di Bab 2
                                                       The complete profile of Mr. Erwan Agus Purwanto is mentioned
                                                       in the Profile of the Board of Commissioners in Chapter 2.




                                                       Eva Yuliana
                                                       Wakil Ketua I Komite PR-TKT
                                                       Vice Chairman I of PR-TKT Committee


                                                       Profil lengkap Ibu Eva Yuliana telah disebutkan
                                                       dalam Profil Dewan Komisaris di Bab 2.
                                                       The complete profile of Mrs. Eva Yuliana is mentioned in the
                                                       Profile of the Board of Commissioners in Chapter 2.




                                                       Yunus Nusi
                                                       Wakil Ketua II Komite PR-TKT
                                                       Vice Chairman II of PR-TKT Committee


                                                       Profil lengkap Bapak Yunus Nusi telah disebutkan
                                                       dalam Profil Dewan Komisaris di Bab 2.
                                                       The complete profile of Mr. Yunus Nusi is mentioned in the
                                                       Profile of the Board of Commissioners in Chapter 2.



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Page 302
        Ikhtisar 2025      Laporan Manajemen    Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report    About the Company        Management Discussion and Analysis   Corporate Governance




                                               Dasar Pengangkatan | Basis of Appointment
                                               Keputusan Dewan Komisaris No. KEP.10/DK.API/08/2025 tanggal 8 Agustus
                                               2025.
                                               Board of Commissioners Decree No. KEP.10/DK.API/08/2025 dated August
                                               8, 2025.

                                               Periode Penugasan | Term of Appointment
                                               3 tahun
                                               3 years

                                               Riwayat Pendidikan | Education Background
                                               y Magister Manajemen Universitas Pembangunan Nasional “Veteran”
                                                 Jakarta (2011).
                                               y Sarjana Ekonomi Universitas Mahasaraswati (2000).
                                               y Master in Management, National Development University “Veteran”
         Romy Marcandi                           Jakarta (2011).
                                               y Bachelor in Economy, University of Mahasaraswati (2000).
         Anggota Komite PR-TKT
         Committee Members
                                               Riwayat Pekerjaan | Employment History
                                               y Direktur Kebijakan Kinerja Badan Usaha Milik Negara (2026 – Sekarang)
                                               y Penata Kelola Perusahaan Negara Madya (2020–2026)
         Kewarganegaraan | Citizenship
                                               y Plt. Asisten Deputi Bidang Manajemen Risiko dan Kepatuhan (2020–2021)
         Indonesia | Indonesian                y Plt. Asisten Deputi Pengembangan Usaha dan PrIvatisasi BUMN (2019)
                                               y Director of Performance Policy for State-Owned Enterprises, Regulatory
         Domisili | Residence                    Agency of SOE’s (2026 – Present).
                                               y Intermediate State-Owned Enterprise Governance Officer, Ministry of
         Tangerang Selatan
                                                 SOE’s (2020–2026)
         South Tangerang                       y Acting Assistant Deputy for Risk Management and Compliance, Ministry
                                                 of SOE’s (2020–2021)
         Usia | Age                            y Acting Assistant Deputy for Business Development and Privatization of
         50 tahun | 50 years old                 State-Owned Enterprises, Ministry of SOE’s (2019)

                                               Rangkap Jabatan | Concurrent Position
                                               Tidak ada.
                                               None.

                                               Hubungan Afiliasi | Affilial Relationship
                                               Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris,
                                               Direksi, Komite-Komite, maupun Pemegang Saham dan Pengendali
                                               Utama Perusahaan.
                                               He has no affilial relationship with members of the Board of Commissioners,
                                               Board of Directors, Committees, or Shareholders and Main Controllers of
                                               the Company.




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Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                 Dasar Pengangkatan | Basis of Appointment
                                                 Keputusan Dewan Komisaris No. KEP.13/DK.API/10/2025 tanggal 1 Oktober
                                                 2025.
                                                 Board of Commissioners Decree No. KEP.13/DK.API/10/2025 dated October
                                                 1, 2025.

                                                 Periode Penugasan | Term of Appointment
                                                 3 tahun
                                                 3 years

                                                 Riwayat Pendidikan | Education Background
                                                 y Magister Manajemen Universitas Gadjah Mada (2008).
                                                 y Sarjana Teknik Informatika Universitas Gunadarma (2004).
                                                 y Master in Management, Gadjah Mada University (2008).
                                                 y Bachelor in Informatics Engineering, Gunadarma University (2004).
 Muhammad Uluan Amirta
                                                 Riwayat Pekerjaan | Employment History
 Anggota Komite PR-TKT
 Committee Members                               y Kepala Biro Umum (2025 – Sekarang).
                                                 y Pengelola Pengadaan Barang/Jasa Ahli Madya (2020).
                                                 y Kepala Bagian Pengelolaan BMN (2018–2025).
                                                 y Kepala Subbagian Perlengkapan dan Layanan
 Kewarganegaraan | Citizenship
                                                   Pengadaan Transportasi Laut (2016–2018).
 Indonesia | Indonesian                          y Kepala Subbagian Anggaran Transportasi Udara (2013–2016).
                                                 y Head of General Bureau (2025 – Present).
 Domisili | Residence                            y Intermediate Expert Procurement Officer (2020).
                                                 y Head of State Asset (BMN) Management Division (2018–2025).
 Bekasi | Bekasi
                                                 y Head of Subdivision for Equipment and Procurement Services of Sea
                                                   Transportation (2016–2018).
 Usia | Age                                      y Head of Subdivision for Air Transportation Budget (2013–2016).
 43 tahun | 43 years old
                                                 Rangkap Jabatan | Concurrent Position
                                                 Tidak ada.
                                                 None.

                                                 Hubungan Afiliasi | Affilial Relationship
                                                 Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris,
                                                 Direksi, Komite-Komite, maupun Pemegang Saham dan Pengendali
                                                 Utama Perusahaan.
                                                 He has no affilial relationship with members of the Board of Commissioners,
                                                 Board of Directors, Committees, or Shareholders and Main Controllers of
                                                 the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   303
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           Ikhtisar 2025     Laporan Manajemen    Tentang Perusahaan         Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
           2025 Highlights   Management Report    About the Company          Management Discussion and Analysis   Corporate Governance




             Piagam Komite
      Committee Charter

      Dalam melaksanakan tugas dan tanggung jawabnya,                  In carrying out its duties and responsibilities, the Risk
      Komite Pemantau Manajemen Risiko dan Tata Kelola                 Management and Integrated Governance Oversight
      Terintegrasi berpedoman pada Piagam Komite yang                  Committee refers to the Committee Charter, which has
      telah disahkan oleh Dewan Komisaris melalui Surat                been ratified by the Board of Commissioners through
      Keputusan Dewan Komisaris No. KEP.06-DK.API-3-2024               Decree No. KEP.06-DK.API-3-2024 regarding the Charter
      tentang Piagam Komite Pemantau Manajemen Risiko                  of the Risk Management and Integrated Governance
      dan Tata Kelola Terintegrasi PT Angkasa Pura Indonesia           Oversight Committee of PT Angkasa Pura Indonesia for
      Tahun 2024.                                                      2024.




             Tugas dan Tanggung Jawab
      Duties and Responsibilities

      Fungsi Manajemen Risiko                                          Risk Management Function
      1.   Mengakses seluruh informasi yang relevan tentang            1.   Access all relevant information regarding the
           Perusahaan terkait dengan tugas dan fungsi Komite;               Company related to the duties and functions of the
      2.   Melakukan komunikasi dengan unit kerja dan pihak                 Committee;
           lain dalam BUMN untuk memperoleh informasi,                 2.   Conduct communication with work units and other
           klarifikasi, serta meminta dokumen dan laporan yang              parties within SOEs to obtain information, clarification,
           diperlukan;                                                      and request necessary documents and reports;
      3.   Melakukan pemantauan dan penelaahan terhadap                3.   Monitor and review risk management reports and
           laporan manajemen risiko dan laporan lainnya terkait             other reports related to the implementation of risk
           penerapan manajemen risiko, baik Perusahaan Induk                management, both at the Parent Company and
           maupun anak Perusahaan;                                          subsidiaries;
      4.   Melakukan pemantauan dan evaluasi atas kesesuaian           4.   Monitor and evaluate the alignment of risk
           penerapan kebijakan dan strategi manajemen risiko                management policies and strategies between the
           Perusahaan induk dan anak Perusahaan;                            Parent Company and subsidiaries;
      5.   Memberikan rekomendasi kepada Dewan Komisaris               5.   Provide recommendations to the Board of
           atas hal yang mendukung efektivitas penerapan                    Commissioners      on    matters    supporting       the
           manajemen risiko dan kesesuaian antara kebijakan                 effectiveness of risk management implementation
           manajemen risiko Perusahaan induk dan manajemen                  and alignment between the Parent Company and
           risiko anak Perusahaan;                                          subsidiaries;
      6.   Melaksanakan pemantauan dan evaluasi terhadap               6.   Carry out monitoring and evaluation of other risk
           pelaksanaan fungsi manajemen risiko lainnya sesuai               management functions in accordance with laws
           dengan ketentuan peraturan perundang-undangan,                   and regulations, articles of association, and/or GMS
           anggaran dasar, dan/atau keputusan RUPS.                         resolutions.

      Fungsi Tata Kelola Terintegrasi                                  Integrated Governance Function
      1. Melakukan evaluasi kebijakan Tata Kelola Terintegrasi;        1. Evaluate Integrated Governance policies;
      2. Melakukan pemantauan dan evaluasi atas kesesuaian             2. Monitor and evaluate alignment of Integrated
         kebijakan Tata Kelola Terintegrasi Perusahaan Induk              Governance policies between the Parent Company
         dan anak Perusahaan;                                             and subsidiaries;
      3. Melakukan evaluasi pelaksanaan Tata Kelola                    3. Evaluate    the   implementation    of   Integrated
         Terintegrasi, paling sedikit melalui penilaian                   Governance, including assessment of internal control
         kecukupan pengendalian internal dan pelaksanaan                  adequacy and integrated compliance functions;
         fungsi kepatuhan secara terintegrasi;
      4. Memberikan rekomendasi kepada Dewan Komisaris                 4. Provide recommendations to the Board of
         untuk penyempurnaan kebijakan Tata Kelola                        Commissioners for improvement of Integrated
         Terintegrasi;                                                    Governance policies;
      5. Melakukan komunikasi dengan unit kerja untuk                  5. Communicate with work units such as internal audit,
         fungsi antara lain audit intern, hukum dan kepatuhan,            legal and compliance, finance and risk management,
         keuangan dan manajemen risiko, sumber daya                       human resources, and operational functions to obtain




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   manusia, dan aspek fungsi operasional usaha yang                              information, clarification, and required reports in an
   diperlukan, untuk memperoleh informasi, klarifikasi,                          integrated manner;
   serta meminta laporan yang diperlukan secara
   terintegrasi;
6. Melaksanakan pemantauan dan evaluasi terhadap                            6. Carry out monitoring and evaluation of other
   pelaksanaan fungsi Tata Kelola Terintegrasi lainnya                         Integrated Governance functions in accordance with
   sesuai dengan ketentuan peraturan perundang-                                laws and regulations, articles of association, and/or
   undangan, anggaran dasar, dan/atau keputusan                                GMS resolutions.
   RUPS.

Fungsi Lainnya                                                              Other Functions
1. Melakukan penelaahan atas informasi mengenai                             1.   Review information regarding the Company, Long-
   Perusahaan, Rencana Jangka Panjang Perusahaan                                 Term Corporate Plan (RJPP), Work Plan and Budget
   (RJPP), Rencana Kerja dan Anggaran (RKA), dan Profil                          (RKA), and Corporate Risk Profile;
   Risiko Perusahaan.
2. Menjalankan wewenang, tugas, dan tanggung jawab                          2. Perform other authorities, duties, and responsibilities
   lain yang berkaitan dengan tugas fungsinya.                                 related to its functions.

Kewenangan                                                                  Authorities
1. Mengakses seluruh informasi tentang aset dan                             1.   Access all information regarding assets and resources
   sumber daya yang dibutuhkan dalam mendukung                                   required to support the implementation of the
   pelaksanaan tugas dan tanggung jawab Komite                                   duties and responsibilities of the Risk Management
   Pemantau Manajemen Risiko dan Tata Kelola                                     Monitoring and Integrated Governance Committee.
   Terintegrasi.
2. Bekerja sama dan berkomunikasi langsung dengan                           2. Collaborate and communicate directly with relevant
   unit terkait, pemilik risiko, para pejabat struktural                       units, risk owners, related structural officials, the
   terkait, Satuan Pengawasan Internal (SPI), maupun                           Internal Audit Unit (SPI), as well as the Board of
   Direksi Perusahaan.                                                         Directors of the Company.
3. Komite PR-TKT dengan persetujuan Dewan Komisaris                         3. The PR-TKT Committee, with the approval of the
   dapat melibatkan tenaga ahli dan profesional lain                           Board of Commissioners, may engage independent
   yang independen di luar Anggota Komite PR-TKT yang                          experts and other professionals outside the PR-TKT
   diperlukan untuk membantu pelaksanaan tugasnya                              Committee Members as necessary to support the
   (apabila diperlukan) atas beban Perusahaan.                                 execution of its duties (if required) at the expense of
                                                                               the Company.
4. Memberikan saran, pendapat, dan masukan kepada                           4. Provide advice, opinions, and input to Management
   Manajemen terkait tugas dan tanggung jawab Komite                           regarding the duties and responsibilities of the PR-
   PR-TKT.                                                                     TKT Committee.
5. Melakukan kewenangan lain yang diberikan oleh                            5. Exercise other authorities granted by the Board of
   Dewan Komisaris.                                                            Commissioners.




       Masa Tugas
Term of Office

Masa jabatan anggota Komite yang berasal dari Dewan                         The term of office for Committee members from the
Komisaris tidak melebihi masa jabatan Dewan Komisaris                       Board of Commissioners shall not exceed the term of the
sebagaimana diatur dalam Anggaran Dasar dan dapat                           Board of Commissioners as stipulated in the Articles of
diangkat kembali untuk 1 (satu) periode berikutnya.                         Association and may be reappointed for 1 (one) additional
                                                                            term.



       Pelaporan
Reporting
Komite wajib menyampaikan laporan berkala kepada                            The Committee shall submit periodic reports to the Board
Dewan Komisaris sekurang-kurangnya 1 (satu) kali dalam                      of Commissioners at least 1 (once) every 3 (three) months,
3 (tiga) bulan, serta laporan atas setiap penugasan atau                    as well as reports on each assignment or any issues
isu yang memerlukan perhatian Dewan Komisaris.                              requiring the attention of the Board of Commissioners.


                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report    305
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         Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
         2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




        Kualifikasi, Pendidikan, dan Pengalaman Kerja Komite
      Pemantau Manajemen Risiko dan Tata Kelola Terintegrasi
      Qualifications, Education, and Work Experience of the Risk Management and
      Integrated Governance Oversight Committee

      Persyaratan keanggotaan Komite Pemantau Manajemen                  Membership requirements for the Risk Management
      Risiko dan Tata Kelola Terintegrasi adalah sebagai berikut:        and Integrated Governance Oversight Committee are as
                                                                         follows:
      Persyaratan Umum                                                   General Requirements
      1. Memiliki integritas, akhlak, dan moral yang baik.               1. Possess integrity, good character, and strong moral
                                                                             values.
      2. Tidak memiliki kepentingan dan/atau keterkaitan                 2. Have no personal interests and/or affiliations that may
         pribadi  yang    dapat  menimbulkan   benturan                      give rise to a conflict of interest with the Company.
         kepentingan terhadap Perusahaan.

      Persyaratan Kompetensi                                             Competency Requirements
      1. Memiliki keahlian, kemampuan, pengetahuan, dan                  1. Possess adequate expertise, capabilities, knowledge,
         pengalaman yang memadai sesuai dengan tugas dan                    and experience in accordance with assigned duties
         tanggung jawabnya.                                                 and responsibilities.
      2. Wajib    memahami       industri/bisnis Perusahaan,             2. Must have a thorough understanding of the
         manajemen risiko, serta peraturan perundang-                       Company’s industry/business, risk management, and
         undangan terkait.                                                  relevant laws and regulations.
      3. Wajib mematuhi kode etik Komite Pemantau                        3. Must comply with the code of conduct of the Risk
         Manajemen Risiko dan Tata Kelola Terintegrasi yang                 Management and Integrated Governance Oversight
         ditetapkan oleh Perusahaan.                                        Committee as established by the Company.
      4. Memiliki sertifikasi sesuai ketentuan yang berlaku              4. Hold certifications in accordance with applicable
         serta bersedia meningkatkan kompetensi secara                      requirements and demonstrate a commitment
         berkelanjutan melalui pendidikan dan pelatihan.                    to continuously enhance competencies through
                                                                            education and training.




        Independensi Komite Pemantau Manajemen Risiko dan
      Tata Kelola Terintegrasi
      Independence of the Risk Management and Integrated Governance Oversight
      Committee

      Seluruh anggota Komite merupakan pihak independen                  All Committee members are independent parties who
      yang tidak memiliki hubungan keuangan, kepengurusan,               do not have financial, managerial, shareholding, and/or
      kepemilikan saham, dan/atau hubungan keluarga dengan               family relationships with the Board of Commissioners,
      Dewan Komisaris, Direksi, dan/atau Pemegang Saham                  the Board of Directors, and/or controlling shareholders.
      Pengendali. Selain itu, tidak terdapat hubungan dengan             Furthermore, there are no affiliations with banks that could
      bank yang dapat mempengaruhi kemampuan anggota                     influence their ability to perform duties independently
      Komite dalam melaksanakan tugas secara independen                  and objectively, thereby ensuring that oversight and
      dan objektif, sehingga memastikan terciptanya fungsi               evaluation functions are carried out free from conflicts of
      pengawasan dan evaluasi yang bebas dari benturan                   interest.
      kepentingan.




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          Independensi Komite Pemantau Manajemen Risiko dan Tata Kelola Terintegrasi
            Independence of the Risk Management and Integrated Governance Oversight Committee


                        Aspek Independensi                            Erwan Agus         Eva      Yunus     Romy       Muhammad
                     Aspect of Independence                            Purwanto         Yuliana    Nusi    Marcandi    Uluan Amirta

 Tidak memiliki hubungan keuangan
 dengan Dewan Komisaris dan Direksi.
                                                                                                                        
 Has no financial relationship with the Board of
 Commissioners and the Board of Directors.

 Tidak memiliki hubungan kepengurusan di Perusahaan,
 anak perusahaan, maupun perusahaan afiliasi.
                                                                                                                        
 Has no managerial relationship with the Company,
 its subsidiaries, or affiliated companies.

 Tidak memiliki kepemilikan saham di Perusahaan.
 Has no share ownership in the Company.
                                                                                                                        
 Tidak memiliki hubungan keluarga dengan Dewan
 Komisaris, Direksi, dan/atau sesama anggota Komite.
                                                                                                                        
 Has no family relationship with the Board
 of Commissioners, Board of Directors, and/
 or fellow members of the Committee.

 Tidak menjabat sebagai pengurus partai politik,
 pejabat pemerintah, dan/atau aparatur sipil negara.
                                                                                                                        
 Does not serve as a political party official,
 government official, and/or civil servant.




     Kebijakan Rapat Komite
Committee Meeting Policy

Komite Pemantau Manajemen Risiko dan Tata Kelola                          The Integrated Risk Management and Governance
Terintegrasi menyelenggarakan rapat secara berkala                        Monitoring Committee holds regular meetings at least 1
paling sedikit 1 (satu) kali dalam 1 (satu) bulan. Rapat dapat            (once) a month. A meeting may be held if attended by
dilaksanakan apabila dihadiri oleh sekurang-kurangnya                     at least 51% of the Committee members, including 1 (one)
51% dari jumlah anggota Komite, termasuk 1 (satu)                         Independent Commissioner and 1 (one) Independent
Komisaris Independen dan 1 (satu) Pihak Independen.                       Party.

Keputusan rapat diambil berdasarkan musyawarah                            Decisions are made based on consensus. Meetings are
untuk mufakat. Rapat dipimpin oleh Ketua Komite atau                      chaired by the Committee Chair or, in their absence,
anggota Komite lainnya yang merupakan Komisaris                           another Committee member who is an Independent
Independen apabila Ketua Komite berhalangan hadir.                        Commissioner.




     Pelaksanaan Rapat dan Pelaporan
Meeting Implementation and Reporting

Komite wajib menyampaikan laporan berkala kepada                          The Committee is required to submit periodic reports
Dewan Komisaris mengenai kegiatan Komite sekurang-                        to the Board of Commissioners regarding its activities
kurangnya 1 (satu) kali dalam 3 (tiga) bulan. Komite juga                 at least 1 (once) every 3 (three) months. The Committee
wajib menyampaikan laporan atas setiap penugasan yang                     must also report on every assignment given and/or any
diberikan dan/atau setiap permasalahan yang diidentifikasi                issues identified that require the attention of the Board of
yang memerlukan perhatian Dewan Komisaris.                                Commissioners.

Pada tahun 2025, Komite telah menyelenggarakan 16                         In 2025, the Committee held 16 (sixteen) meetings, with
(enam belas) kali rapat, dengan rincian sebagai berikut.                  details as follows.



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        Ikhtisar 2025         Laporan Manajemen         Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights       Management Report         About the Company      Management Discussion and Analysis        Corporate Governance




                      Rapat Komite Pemantau Manajemen Risiko dan Tata Kelola Terintegrasi
                      Meeting of the Risk Management and Integrated Governance Oversight Committee


       Nama Anggota               Jabatan                     Masa Jabatan              Jumlah               Jumlah           Persentase
       Member Name                Position                   Term of Office            Wajib Rapat          Kehadiran         Kehadiran
                                                                                        Number of             Rapat             Rapat
                                                                                        Obligatory          Number            Percentage
                                                                                        Meetings           of Meeting         of Meeting
                                                                                                           Attendance         Attendance

      Satya Bhakti        Ketua Komite               1 Januari – 18 Mei 2025                  5                     1             20%
      Parikesit           Committee                  January 1 – May 18 2025
                          Chairman

      Irfan Wahid         Wakil Ketua                1 Januari – 18 Mei 2025                  5                     4             80%
                          Komite I                   January 1 – May 18 2025
                          1st Vice Committee
                          Chairman

      Lukman F. Laisa     Wakil Ketua                1 Januari – 18 Mei 2025                  5                     1             20%
                          Komite II                  January 1 – May 18 2025
                          2nd Vice Committee
                          Chairman

      Okta Kurnia         Anggota Komite             1 Januari – 30 September 2025           13                     13            100%
      Putra               Committee Member           January 1 – September
                                                     30, 2025

      Erwan Agus          Ketua Komite               19 Mei – 31 Desember 2025                11                    11            100%
      Purwanto            Committee                  May 18 – December 31, 2025
                          Chairman

      Eva Yuliana         Wakil Ketua                19 Mei – 31 Desember 2025                11                    11            100%
                          Komite I                   May 18 – December 31, 2025
                          1st Vice Committee
                          Chairman

      Yunus Nusi          Wakil Ketua                8 Juli – 31 Desember 2025               10                     10            100%
                          Komite II                  July 8 – December 31, 2025
                          2nd Vice Committee
                          Chairman

      Romy Marcandi       Anggota Komite             8 Agustus – 31 Desember 2025             8                     8             100%
                          Committee Member           August 8 – December 31, 2025

      Muhammad            Anggota Komite             1 Oktober – 31 Desember 2025             3                     3             100%
      Uluan Amirta        Committee Member           October 1 – December 31, 2025



               Agenda Rapat Komite Pemantau Manajemen Risiko dan Tata Kelola Terintegrasi
                Meeting Agenda of the Risk Management and Integrated Governance Oversight Committee


       No     Waktu Rapat                         Agenda Rapat                                 Simpulan / Tindak Lanjut
              Meeting Date                   Meeting Agenda                                        Conclusion / Follow-Up

        1   6 Januari 2025      Permohonan Konsep Peraturan Bersama            1. Saran untuk mendukung persetujuan/
            January 6, 2025     Dewan Komisaris dan Direksi tentang               pengesahan Konsep Peraturan Bersama.
                                Pedoman Manajemen Risiko PT Angkasa            2. Memastikan pedoman dijalankan dan
                                Pura Indonesia                                    disosialisasikan dengan baik kepada
                                Request for the Draft Joint Regulation            seluruh pemangku kepentingan.
                                of the Board of Commissioners and              1. Recommendation to support the approval/
                                the Board of Directors concerning                 ratification of the Draft Joint Regulation.
                                Risk Management Guidelines of                  2. Ensure that the guidelines are properly
                                PT Angkasa Pura Indonesia                         implemented and communicated
                                                                                  to all stakeholders.




308   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 309
Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




No    Waktu Rapat                           Agenda Rapat                                     Simpulan / Tindak Lanjut
      Meeting Date                        Meeting Agenda                                      Conclusion / Follow-Up

2    11 Februari 2025     1. Evaluasi Penerapan SMAP                          1. Penerapan SMAP agar menyiapkan
     February                Tahun 2024 dan tindak lanjut                        seluruh kelengkapan dokumen, termasuk
     11, 2025                penerapan tahun 2025.                               penguatan prosedur dan petunjuk teknis.
                          2. Pemantauan Manajemen Risiko PT                   2. Pemantauan risiko dilakukan secara
                             API sampai dengan tingkat regional.                 intensif dengan dukungan seluruh elemen
                          1. Evaluation of SMAP implementation                   perusahaan untuk menjaga operasional
                             in 2024 and follow-up in 2025.                      bandara berjalan dengan baik.
                          2. Monitoring of Risk Management of                 1. SMAP implementation must ensure
                             PT API up to the regional level.                    all required documents are prepared,
                                                                                 including strengthening procedures
                                                                                 and technical guidelines.
                                                                              2. Risk monitoring must be conducted intensively
                                                                                 with support from all company elements
                                                                                 to ensure proper airport operations.

3    13 Maret 2025        1. Pembahasan Profil Manajemen                      1.   Manajemen melakukan reviu dan
     March 13, 2025          Risiko PT API Tahun 2025.                             monitoring secara berkala.
                          2. Pendalaman manajemen risiko                      2.   Peristiwa risiko dengan kategori high
                             pada KSO kebandarudaraan.                             risk menjadi perhatian khusus.
                          1. Discussion on Risk Management                    3.   Melakukan mitigasi serta koordinasi
                             Profile of PT API in 2025.                            dengan pemangku kepentingan terkait.
                          2. In-depth review of Risk                          1.   Management to conduct periodic
                             Management in airport KSO.                            review and monitoring.
                                                                              2.   High-risk events must receive special attention.
                                                                              3.   Carry out mitigation actions and
                                                                                   coordinate with relevant stakeholders.

4    22 April 2025        Pembahasan progres audit GCG 2024                   1. Menindaklanjuti temuan AoI GCG dari BPKP
     April 22, 2025       PT API.                                             2. Memastikan penguatan pada aspek manajemen
                          Discussion on the progress of                          risiko, pedoman, COI, dan pelaporan ke OJK
                          GCG Audit 2024 of PT API.                           1. Follow up findings of GCG AoI from BPKP.
                                                                              2. Ensure strengthening in risk management,
                                                                                 guidelines, COI documents, and reporting to OJK.

5    7 Mei 2025           Pengesahan strategi risiko (Kapasitas               1. Konsep strategi risiko disetujui.
     May 7, 2025          Risiko, Toleransi Risiko, Selera Risiko dan            The risk strategy concept is approved.
                          Batas Risiko) Tahun 2025.                           2. Memastikan implementasi dan sosialisasi kepada
                          Approval of Risk Strategy (Risk                        seluruh pemangku kepentingan.
                          Capacity, Risk Tolerance, Risk                         Ensure proper implementation and
                          Appetite, and Risk Limit) for 2025.                    dissemination to all stakeholders.

6    5 Juni 2025          Penelaahan serta Evaluasi Pelaporan                 1.   Manajemen perlu melakukan reviu
     June 5, 2025         dan Penerapan Manajemen                                  dan monitoring berkala.
                          Risiko s.d. April 2025.                             2.   Terkait peristiwa risiko yang masih
                          Review and Evaluation of Risk                            High Risk, agar menjadi perhatian.
                          Management Reporting and                            3.   Melakukan langkah-langkah mitigasi serta
                          Implementation until April 2025.                         koordinasi dengan stakeholder terkait.
                                                                              1.   Management needs to conduct
                                                                                   periodic reviews and monitoring.
                                                                              2.   Management needs to conduct
                                                                                   periodic reviews and monitoring.
                                                                              3.   Undertake mitigation measures and
                                                                                   coordinate with relevant stakeholders.

7    15 Juli 2025         Rekapitulasi rencana kerja komite.                  Rekapitulasi rencana kerja komite Semester II Tahun
     July 15, 2025        Recapitulation of committee work plan.              2025.
                                                                              Recapitulation of Committee Work
                                                                              Plan for second semester 2025.

8    15 Juli 2025         1. Evaluasi penerapan dan                           1. Direksi meningkatkan pengendalian risiko.
     July 15, 2025           pemantauan MR s.d. Mei 2025.                     2. Pemantauan dan rencana aksi
                          2. Pendalaman risiko penurunan                         perbaikan lebih disiplin.
                             nilai program strategis KSO                      1. The Board of Directors to strengthen
                             Halim Perdanakusuma.                                risk control measures.
                          1. Evaluation of RM implementation                  2. Intensify monitoring and corrective actions.
                             up to May 2025.
                          2. Risk analysis of decline in
                             strategic program value.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   309
Page 310
        Ikhtisar 2025          Laporan Manajemen         Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights        Management Report         About the Company    Management Discussion and Analysis   Corporate Governance




       No     Waktu Rapat                          Agenda Rapat                               Simpulan / Tindak Lanjut
              Meeting Date                    Meeting Agenda                                   Conclusion / Follow-Up

        9    11 Agustus 2025     1. Tindak lanjut hasil penilaian             1.   Percepatan penyelesaian AoI.
             August 11, 2025        RMI 2024 oleh BPKP.                       2.   Menyusun timeline penyelesaian.
                                 2. Kajian risiko atas SOP dan                3.   Kajian formal SOP dan kerja sama.
                                    kewenangan kerja sama.                    4.   Review historis kerja sama.
                                 1. Follow-up on RMI assessment 2024.         1.   Accelerate completion of AoI.
                                 2. Risk assessment on SOP and authority.     2.   Prepare completion timeline.
                                                                              3.   Provide formal SOP assessment.
                                                                              4.   Review historical cooperation data.



       10    15 Agustus          1.   Laporan kegiatan komite                 1. Penguatan pengendalian risiko.
             2025                     Juli–Agustus 2025.                      2. Pemantauan dan rencana aksi
             August 15, 2025     2.   Evaluasi 12 Risiko Utama Perusahaan.       perbaikan lebih disiplin.
                                 3.   Usulan revisi RKAP 2025.                1. Strengthen risk control.
                                 1.   Committee activity report.              2. Intensify monitoring and corrective actions.
                                 2.   Evaluation of top risks.
                                 3.   RKAP revision proposal.

        11   3 September         Pembahasan tindak lanjut penetapan           1.   Koordinasi aktif dengan stakeholder.
             2025                bandara internasional.                       2.   Pengendalian risiko SDM dan finansial.
             September           Discussion on international                  3.   Kajian dampak terhadap kinerja perusahaan.
             3, 2025             airport designation.                         1.   Proactive stakeholder coordination
                                                                              2.   Control HR and financial risks.
                                                                              3.   Assess impact on company performance.


       12    24 September        Evaluasi risiko pencapaian pendapatan di     1.   Evaluasi mendalam penurunan risiko.
             2025                bawah target RKAP 2025.                      2.   Optimalisasi strategi pendapatan.
             September           Evaluation of revenue risk                   3.   Verifikasi dasar hukum KPI.
             24, 2025            below RKAP target.                           1.   In-depth risk evaluation
                                                                              2.   Optimize revenue strategy
                                                                              3.   Verify legal basis of KPI.

       13    24 September        Usulan realokasi investasi 2025.             1.   Kewenangan pada RUPS (>5%).
             2025                Proposed investment reallocation 2025.       2.   Penyampaian proyeksi investasi.
             September                                                        1.   Authority lies with GMS (>5%).
             24, 2025                                                         2.   Provide investment projections.


       14    17 Oktober          Evaluasi 12 Risiko Utama Perusahaan s.d.     1.   Penguatan pengendalian risiko.
             2025                Agustus 2025.                                2.   Pemantauan intensif dan corrective action
             October             Evaluation of 12 corporate top               1.   Strengthen risk control.
             17, 2025            risks until August 2025                      2.   Intensify monitoring and corrective action.

       15    10 November         Pembahasan bab manajemen risiko              1.   Perbaikan RAS.
             2025                dalam RKAP 2026.                             2.   Penyempurnaan KRI kuantitatif.
             November            Discussion on risk management                3.   Perbaikan narasi risiko dan mitigasi.
             10, 2025            chapter RKAP 2026.                           1.   Improve RAS.
                                                                              2.   Improve KRI with quantitative metrics.
                                                                              3.   Improve risk and mitigation narratives.


       16    16 Desember         Pembahasan rencana pendanaan                 1.   Penyampaian dokumen pendukung IGFS.
             2025                eksternal.                                   2.   Rincian penggunaan pinjaman dan kajian risiko.
             December            Discussion on external funding plan.         1.   Provide supporting documents.
             16, 2025                                                         2.   Detail loan usage and refine risk assessment.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)           Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)        Consolidated Financial Statements




    Pelatihan dan Peningkatan Kompetensi
Training and Competency Enhancement

Peningkatan kompetensi Komite dilakukan melalui                               The Committee competency improvement is carried
sejumlah pelatihan formal serta informal melalui interaksi                    out through a number of formal and informal training
antara Dewan Komisaris, Direksi, dan manajemen melalui                        sessions through interactions between the Board of
rapat serta kunjungan ke unit kerja Perusahaan.                               Commissioners, the Board of Directors, and management
                                                                              through meetings and visits to the Company’s work units.


       Tabel Pelatihan Komite Pemantau Manajemen Risiko dan Tata Kelola Terintegrasi
          Table of the Risk Management and Integrated Governance Oversight Committee Trainings


          Tanggal                    Lokasi                 Nama Pelatihan                  Penyelenggara        Nama Anggota
            Date                   Location                 Training Name                      Organizer        Name of Members

3-4 Maret 2025                    Jakarta          Certified Financial Risk                 ESAS            M. Uluan Amirta
March 3-4, 2025                                    Management (CFRM)                        Management

4-5 Agustus 2025                  Jakarta          ISO 31000:2018 Risk                      Cipta C.        M. Uluan Amirta
August 4-5, 2025                                   Management - Guidelines

15-19 September 2025              Jakarta          Certified Risk Management                ESAS            M. Uluan Amirta
September 15-19, 2025                              Specialist (CRMS)                        Management

3 Desember 2025                   Jakarta          Qualified Risk Governance                CRMS            M. Uluan Amirta
December 3, 2025                                   Professional (QRGP)




    Pencapaian KPI
KPI Achievement

Pengukuran kinerja Komite dilakukan secara mandiri,                           The performance of the Committee is assessed through
baik secara individual maupun kolektif. Berdasarkan                           self-assessment, both individually and collectively.
evaluasi terhadap indikator pengukuran kinerja, kinerja                       Based on the evaluation of performance measurement
Komite selama Tahun 2025 telah tercapai.                                      indicators, the Committee’s performance for 2025 has
                                                                              been achieved.




    Laporan Kegiatan Tahun 2025
Activity Report For 2025

Komite telah melaksanakan aktivitas sebagai berikut:                          The Committee carried out the following activities:
1. Menyelenggarakan 16 kali rapat, termasuk partisipasi                       1. Held 16 meetings, including participation in Board of
   dalam rapat Dewan Komisaris dan rapat gabungan                                Commissioners meetings and joint meetings with the
   dengan Direksi.                                                               Board of Directors.
2. Mengikuti       sejumlah       kegiatan     peningkatan                    2. Attended a number of competency development
   kompetensi melalui pelatihan/workshop/webinar.                                activities through training/workshops/webinars.
3. Menyampaikan 1 (satu) laporan pelaksanaan tugas                            3. Submitted 1 (one) report on the implementation of
   kepada Dewan Komisaris.                                                       duties to the Board of Commissioners.
4. Komite melaksanakan peninjauan dan monitoring                              4. The Committee conducted direct site visits and
   langsung ke sejumlah bandara guna memastikan                                  monitoring across several airports to ensure
   efektivitas operasional serta optimalisasi mitigasi                           operational effectiveness and the optimization of risk
   risiko di lapangan. Kegiatan tersebut mencakup:                               mitigation in the field. These activities included:
   a. Monitoring Operasional Rutin: dilaksanakan di                              a. Routine Operational Monitoring: conducted at
        berbagai lokasi, antara lain Bandara I Gusti Ngurah                          various locations, including I Gusti Ngurah Rai



                                                                                            PT Angkasa Pura Indonesia 2025 Annual Report   311
Page 312
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




            Rai (Bali), Bandara Internasional Lombok, Bandara              Airport (Bali), Lombok International Airport, Halim
            Halim Perdanakusuma, serta Bandara Jenderal                    Perdanakusuma Airport, and Jenderal Ahmad
            Ahmad Yani (Semarang).                                         Yani Airport (Semarang).
         b. Posko       Angkutan    Hari   Raya:   melakukan            b. Holiday Transportation Posts: performed dedicated
            pemantauan khusus pada periode Angkutan                        monitoring during the 2025 Eid Transportation
            Lebaran 2025 di sepuluh bandara, serta Posko                   period across ten airports, as well as during the
            Natal 2025 dan Tahun Baru 2026.                                2025 Christmas and 2026 New Year transportation
                                                                           periods.
         c. Kegiatan Strategis dan Seremonial: menghadiri               c. Strategic and Ceremonial Activities: attended the
            peninjauan Water Taxi di Bali, melakukan                       Water Taxi review in Bali, monitored operational
            monitoring operasional pada penyelenggaraan                    activities during the MotoGP event in Lombok,
            event MotoGP di Lombok, serta mengikuti                        and participated in the Risk Culture Roadshow in
            kegiatan Promosi Budaya Risiko di Makassar.                    Makassar.
         d. Pendampingan dan Hubungan Pemangku                          d. Stakeholder Engagement and Support: provided
            Kepentingan:     melaksanakan    pendampingan                  assistance in BURT DPR RI activities in Bali and
            kegiatan BURT DPR RI di Bali serta menghadiri                  attended the Corporate Social and Environmental
            program Tanggung Jawab Sosial dan Lingkungan                   Responsibility (TJSL) program at Adi Soemarmo
            (TJSL) di Bandara Adi Soemarmo.                                Airport.

      Secara keseluruhan, Komite telah melaksanakan                  Overall, the Committee successfully implemented its
      program kerja sesuai dengan Rencana Kerja Tahun 2025           2025 Work Plan. The recommendations provided were
      dengan baik. Rekomendasi yang diberikan telah diterima         accepted by the Board of Commissioners and considered
      oleh Dewan Komisaris dan menjadi pertimbangan dalam            in the decision-making process on proposals submitted
      proses pengambilan keputusan atas usulan Direksi.              by the Board of Directors.

      Dari aspek komunikasi, sepanjang tahun 2025 telah              In terms of communication, effective and consistent
      terjalin komunikasi yang baik dan konsisten, dengan            communication was maintained throughout 2025,
      diskusi rutin atas isu-isu strategis serta pemantauan          including regular discussions on key strategic issues and
      tindak lanjut penyelesaian oleh Direksi.                       monitoring of follow-up actions undertaken by the Board
                                                                     of Directors.




312   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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     Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




KOMITE NOMINASI DAN REMUNERASI
NOMINATION AND REMUNERATION COMMITTEE



Komite      Nominasi    dan   Remunerasi    merupakan                       The Nomination and Remuneration Committee is a
komite yang dibentuk oleh dan bertanggung jawab                             committee established by and accountable to the Board
kepada Dewan Komisaris dalam rangka membantu                                of Commissioners to assist in carrying out its functions and
pelaksanaan fungsi dan tugasnya terkait proses nominasi                     duties related to nomination (appointment) processes
(penunjukan) dan pemberian remunerasi (kompensasi)                          and remuneration (compensation) for members of the
kepada anggota Direksi dan Dewan Komisaris. Komite                          Board of Directors and the Board of Commissioners.
ini memiliki peran penting dalam memastikan bahwa                           This Committee plays an important role in ensuring that
proses pengangkatan dan pemberian imbal jasa kepada                         the appointment and remuneration processes for the
pimpinan Perusahaan dilakukan secara transparan,                            Company’s leadership are conducted in a transparent,
objektif, dan sesuai dengan prinsip GCG.                                    objective manner and in accordance with the GCG
                                                                            principles.




       Dasar Pembentukan Komite Nominasi dan Remunerasi
Legal Basis for the Establishment of the Nomination and Remuneration
Committee

1.   Undang-Undang Republik Indonesia Nomor 19 Tahun                        1.   Law of the Republic of Indonesia Number 19 of 2003
     2003 tanggal 3 Agustus 2003 tentang Badan Usaha                             dated August 3, 2003 concerning State-Owned
     Milik Negara;                                                               Enterprises;
2.   Peraturan Menteri Badan Usaha Milik Negara Nomor                       2.   Regulation of the Minister of State-Owned Enterprises
     PER-2/MBU/03/2023 tentang Pedoman Tata Kelola                               Number PER-2/MBU/03/2023 concerning Guidelines
     dan Kegiatan Korporasi Signifikan Badan Usaha Milik                         for Governance and Significant Corporate Activities of
     Negara;                                                                     State-Owned Enterprises;
3.   Peraturan Menteri Badan Usaha Milik Negara Nomor                       3.   Regulation of the Minister of State-Owned Enterprises
     PER-3/MBU/03/2023 tentang Organ dan Sumber Daya                             Number PER-3/MBU/03/2023 concerning Organs and
     Manusia Badan Usaha Milik Negara;                                           Human Resources of State-Owned Enterprises;
4.   Bahwa berdasarkan Surat Keputusan Menteri Badan                        4.   That based on the Decree of the Minister of State-
     Usaha Milik Negara dan Direktur Utama Perusahaan                            Owned Enterprises and the President Director of
     Perseroan (Persero) PT Aviasi Pariwisata Indonesia                          PT Aviasi Pariwisata Indonesia as Shareholders
     selaku Para Pemegang Saham PT Angkasa Pura                                  of PT Angkasa Pura Indonesia Number: SK-197/
     Indonesia Nomor: SK-197/MBU/07/2025 tanggal 04                              MBU/07/2025 dated July 4, 2025 concerning KEP.
     Juli 2025 Tentang KEP.DU.01/08.03.01/04/07/2025                             DU.01/08.03.01/04/07/2025 regarding the Dismissal
     Pemberhentian     dan    Pengangkatan     Anggota-                          and Appointment of Members of the Board of
     Anggota Dewan Komisaris PT Angkasa Pura Indonesia                           Commissioners of PT Angkasa Pura Indonesia
     (terlampir) telah ditetapkan pemberhentian dan                              (attached), the dismissal and appointment of
     pengangkatan Anggota-anggota Dewan Komisaris                                members of the Board of Commissioners of PT
     PT Angkasa Pura Indonesia;                                                  Angkasa Pura Indonesia have been determined;
5.   Bahwa berdasarkan surat Sekretaris Kementerian                         5.   That based on the letter from the Secretary of the
     BUMN Nomor: SR-333/S.MBU/08/2025 tanggal 1                                  Ministry of State-Owned Enterprises Number: SR-
     Agustus 2025 diusulkan adanya pengangkatan                                  333/S.MBU/08/2025 dated August 1, 2025, it is proposed
     Anggota Komite Pemantau Manajemen Risiko,                                   to appoint members of the Risk Management
     Anggota Komite Nominasi dan Remunerasi dan                                  Monitoring Committee, members of the Nomination
     Penggantian Staf Sekretariat Dewan Komisaris PT                             and Remuneration Committee, and replacement of
     Angkasa Pura Indonesia.                                                     staff of the Secretariat of the Board of Commissioners
                                                                                 of PT Angkasa Pura Indonesia.




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report     313
Page 314
        Ikhtisar 2025        Laporan Manajemen          Tentang Perusahaan      Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights      Management Report          About the Company       Management Discussion and Analysis    Corporate Governance




          Struktur dan Keanggotaan Komite
      Structure and Membership of the Committee

      Susunan keanggotaan Komite Nominasi dan Remunerasi                     The membership composition of the Nomination and
      adalah sebagai berikut:                                                Remuneration Committee is as follows:


                                                    Periode 1 Januari – 18 Mei 2025
                                                     Period of January 1 – May 18, 2025


                      Jabatan                                 Nama                                     Surat Keputusan
                      Position                                Name                                          Decree

      Ketua | Chairman                           Abdul Muis                        KEP.21/DK.API/9/2024, 9 September
                                                                                   2024 | September 9, 2024

      Wakil Ketua | Vice Chairman                Cahyo Rahadian Muzhar             KEP.21/DK.API/9/2024, 9 September
                                                                                   2024 | September 9, 2024

      Anggota | Member                           M. Abrar Tuntalanai               KEP.23/DK.API/10/2024, 1 Oktober
                                                                                   2024 | October 1, 2024


                                                   Periode 19 Mei – 8 Agustus 2025
                                                     Period of May 19 – August 8, 2025


                      Jabatan                                 Nama                                     Surat Keputusan
                      Position                                Name                                          Decree

      Ketua | Chairman                           Abdul Muis                        KEP.21/DK.API/9/2024, 9 September
                                                                                   2024 | September 9, 2024

      Wakil Ketua | Vice Chairman                Dita Indah Sari                   KEP.03/DK.API/5/2025, 19 Mei 2025 | May 19, 2025

      Anggota | Member                           M. Abrar Tuntalanai               KEP.23/DK.API/10/2024, 1 Oktober
                                                                                   2025 | October 1, 2025

      Anggota | Member                           Riyanto Prabowo                   KEP.10/DK.API/08/2025, 8 Agustus
                                                                                   2025 | August 8, 2025


                                           Periode 9 Agustus – 31 Desember 2025
                                                 Period of August 9 – December 31, 2025


                      Jabatan                                 Nama                                     Surat Keputusan
                      Position                                Name                                          Decree

      Ketua | Chairman                           Abdul Muis                        KEP.21/DK.API/9/2024, 9 September
                                                                                   2024 | September 9, 2024

      Wakil Ketua | Vice Chairman                Dita Indah Sari                   KEP.03/DK.API/5/2025, 19 Mei 2025 | May 19, 2025

      Anggota | Member                           Riyanto Prabowo                   KEP.10/DK.API/8/2025, 8 Agustus
                                                                                   2025 | August 8, 2025

      Anggota | Member                           Gigih Retnowati                   KEP.13/DK.API/10/2025, 1 Oktober
                                                                                   2025 | October 1, 2025



          Profil Komite Nominasi dan Remunerasi
      Nomination and Remuneration Committee Profile

      Susunan keanggotaan Komite Nominasi dan Remunerasi                     The membership composition of the Nomination and
      adalah sebagai berikut:                                                Remuneration Committee is as follows:



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Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




                                                     Abdul Muis
                                                     Ketua Komite Nominasi dan Remunerasi
                                                     Chairman of Nomination and Remuneration Committee


                                                     Profil lengkap Bapak Abdul Muis telah disebutkan
                                                     dalam Profil Dewan Komisaris di Bab 2
                                                     The complete profile of Mrs. Dita Indah Sari is mentioned in
                                                     the Profile of the Board of Commissioners in Chapter 2




                                                     Dita Indah Sari
                                                     Wakil Ketua Komite Nominasi dan Remunerasi
                                                     Vice Chairman of Nomination and
                                                     Remuneration Committee

                                                     Profil lengkap Ibu Dita Indah Sari telah disebutkan
                                                     dalam Profil Dewan Komisaris di Bab 2.
                                                     The complete profile of Mrs. Dita Indah Sari is mentioned in
                                                     the Profile of the Board of Commissioners in Chapter 2.




                                                 Dasar Pengangkatan | Basis of Appointment
                                                 Keputusan Dewan Komisaris Nomor: KEP.10/DK.API/08/2025.
                                                 Board of Commissioners Decree No. KEP.10/DK.API/08/2025.

                                                 Periode Penugasan | Term of Appointment
                                                 3 tahun
                                                 3 years

                                                 Riwayat Pendidikan | Education Background
                                                 y Magister Hukum Universitas Indonesia (2005).
                                                 y Sarjana Hukum Universitas Diponegoro (1995).
                                                 y Master in Laws from the University of Indonesia (2005).
                                                 y Bachelor in Laws from Diponegoro University (1995).

                                                 Riwayat Pekerjaan | Employment History
 Riyanto Prabowo
                                                 y Anggota Komite Nominasi dan Remunerasi PT
 Anggota Komite Nominasi                           Angkasa Pura Indonesia (2025–2028).
 dan Remunerasi                                  y Anggota Dewan Komisaris PT Sarinah (2024–2025).
 Member of Nomination and                        y Anggota Dewan Komisaris PT Sarinah (2019–2024).
                                                 y Anggota Dewan Komisaris PT PG Rajawali II (2017–2019).
 Remuneration Committee
                                                 y Anggota Dewan Komisaris PT PG Rajawali II (2012–2017).
                                                 y Member of the Nomination and Remuneration Committee of PT Angkasa
                                                   Pura Indonesia (2025–2028).
 Kewarganegaraan | Citizenship                   y Member of the Board of Commissioners of PT Sarinah (2022–2025).
 Indonesia | Indonesian                          y Member of the Board of Commissioners of PT Sarinah (2019–2024).
                                                 y Member of the Board of Commissioners of PT PG Rajawali II (2017–2019).
 Domisili | Residence                            y Member of the Board of Commissioners of PT PG Rajawali II (2012–2017).

 Bekasi | Bekasi
                                                 Rangkap Jabatan | Concurrent Position

 Usia | Age                                      Tidak ada.
                                                 None.
 54 tahun | 54 years old
                                                 Hubungan Afiliasi | Affilial Relationship
                                                 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi,
                                                 Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                                 He has no affiliation with members of the Board of Commissioners, Board
                                                 of Directors, Committees, or the Company’s Shareholders and Controlling
                                                 Shareholders.




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        2025 Highlights    Management Report    About the Company        Management Discussion and Analysis   Corporate Governance




                                               Dasar Pengangkatan | Basis of Appointment
                                               Keputusan Dewan Komisaris Nomor: KEP.10/DK.API/08/2025.
                                               Board of Commissioners Decree No. KEP.10/DK.API/08/2025.

                                               Periode Penugasan | Term of Appointment
                                               3 tahun
                                               3 years

                                               Riwayat Pendidikan | Education Background
                                               y Magister Teknik Transportasi Kelautan Institut Teknologi Sepuluh
                                                 Nopember (2002).
                                               y Sarjana Teknik Sistem Perkapalan Institut Teknologi Sepuluh Nopember
                                                 (1999).
                                               y Master of Marine Transportation Engineering, Sepuluh Nopember
                                                 Institute of Technology (2002).
         Gigih Retnowati                       y Bachelor of Marine Systems Engineering, Sepuluh Nopember Institute of
                                                 Technology (1999).
         Anggota Komite Nominasi
         dan Remunerasi
                                               Riwayat Pekerjaan | Employment History
         Member of Nomination and
                                               y Kepala Biro Layanan Pengadaan dan Pengelolaan Barang Milik Negara
         Remuneration Committee
                                                 (2024 – sekarang).
                                               y Kepala Distrik Navigasi Kelas I Dumai (2023–2024).
                                               y Kepala Balai Teknologi Keselamatan Pelayaran (2019–2023).
         Kewarganegaraan | Citizenship         y Kepala Subdirektorat Rancang Bangun Stabilitas dan Garis Muat Kapal
         Indonesia | Indonesian                  Dit. Kapel (2018–2019).
                                               y Kepala Kantor UPP Kelas III Bojonegara (2016–2018).
         Domisili | Residence                  y Head of the State Asset Procurement and Management Services Bureau
                                                 (2024–present).
         Bogor | Bogor                         y Head of the Class I Dumai Navigation District (2023–2024).
                                               y Head of the Maritime Safety Technology Center (2019–2023).
         Usia | Age                            y Head of the Ship Stability and Load Line Design Subdirectorate,
         52 tahun | 52 years old                 Directorate of Ship Safety (2018–2019).
                                               y Head of the Class III Bojonegara UPP Office (2016–2018)..

                                               Rangkap Jabatan | Concurrent Position
                                               Tidak ada.
                                               None.

                                               Hubungan Afiliasi | Affilial Relationship
                                               Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi,
                                               Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                               He has no affiliation with members of the Board of Commissioners, Board
                                               of Directors, Committees, or the Company’s Shareholders and Controlling
                                               Shareholders.




          Piagam Komite Nominasi dan Remunerasi
      Nomination and Remuneration Committee Charter

      Dalam melaksanakan tugas dan tanggung jawabnya,                In carrying out its duties and responsibilities, the
      Komite Nominasi dan Remunerasi berpedoman pada                 Nomination and Remuneration Committee refers to the
      Piagam (Charter) Komite Nominasi dan Remunerasi PT             Charter of the Nomination and Remuneration Committee
      Angkasa Pura Indonesia yang telah disahkan oleh Dewan          of PT Angkasa Pura Indonesia, which has been ratified by
      Komisaris melalui Surat Keputusan Dewan Komisaris No.          the Board of Commissioners through Decree Nu. KEP.07-
      KEP.07-DK.API-3-2024 tentang Piagam Komite Nominasi            DK.API-3-2024 concerning the Charter of the Nomination
      dan Remunerasi PT Angkasa Pura Indonesia Tahun 2024.           and Remuneration Committee of PT Angkasa Pura
                                                                     Indonesia Year 2024.




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     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




       Tugas dan Tanggung Jawab
Duties and Responsibilities

Fungsi Nominasi                                                             Nomination Function
1.   Melakukan tinjauan secara berkala atas sistem                          1.   Conduct periodic reviews of the Company’s talent
     manajemen talenta Perusahaan serta melakukan                                management system and supervise and evaluate its
     pengawasan dan evaluasi atas pelaksanaannya.                                implementation.
2.   Melakukan evaluasi terhadap sistem dan prosedur                        2.   Evaluate the system and procedures for talent
     pengklasifikasian talenta yang dilakukan oleh Direksi.                      classification conducted by the Board of Directors.
3.   Melakukan evaluasi dan kalibrasi atas talenta terseleksi               3.   Evaluate and calibrate selected talents to produce
     untuk menghasilkan daftar talenta ternominasi yang                          a list of nominated talents to be proposed by the
     akan diusulkan oleh Dewan Komisaris kepada Rapat                            Board of Commissioners to the General Meeting of
     Umum Pemegang Saham.                                                        Shareholders.
4.   Melakukan evaluasi terhadap calon wakil Perusahaan                     4.   Evaluate candidates proposed as representatives of the
     yang diusulkan sebagai anggota Direksi atau Dewan                           Company to serve as members of the Board of Directors
     Komisaris Anak Perusahaan sebelum diajukan kepada                           or Board of Commissioners of Subsidiaries before
     Rapat Umum Pemegang Saham.                                                  submission to the General Meeting of Shareholders.
5.   Melakukan evaluasi atas usulan Key Performance                         5.   Evaluate the proposed individual Key Performance
     Indicator individu Direksi.                                                 Indicators of the Board of Directors.
6.   Menyiapkan usulan sistem evaluasi kinerja individu                     6.   Prepare proposals for individual performance
     bagi anggota Direksi dan/atau Dewan Komisaris.                              evaluation systems for members of the Board of
                                                                                 Directors and/or Board of Commissioners.
7. Menyiapkan   usulan  program     pengembangan                            7.   Prepare proposals for competency development
   kompetensi bagi anggota Direksi dan/atau Dewan                                programs for members of the Board of Directors and/
   Komisaris.                                                                    or Board of Commissioners.



Fungsi Remunerasi                                                           Remuneration Function
1. Melakukan evaluasi atas kebijakan remunerasi                             1. Evaluate remuneration policies for employees that
   bagi pegawai yang memerlukan persetujuan atau                               require approval or consideration from the Board of
   tanggapan Dewan Komisaris.                                                  Commissioners.
2. Melakukan evaluasi atas usulan Direksi mengenai                          2. Evaluate proposals from the Board of Directors
   struktur organisasi Perusahaan.                                             regarding the Company’s organizational structure.



Wewenang                                                                    Authority
Dalam melaksanakan tugasnya, Komite Nominasi dan                            In carrying out its duties, the Nomination and
Remunerasi memiliki kewenangan sebagai berikut:                             Remuneration Committee has the following authorities:
1. Mengakses seluruh informasi terkait aset dan sumber                      1. Access all information related to assets and resources
   daya yang diperlukan.                                                       required.
2. Bekerja sama dan berkomunikasi langsung dengan                           2. Collaborate and communicate directly with employees,
   pegawai, Direksi, serta unit kerja terkait.                                 the Board of Directors, and relevant work units.
3. Melibatkan tenaga ahli independen dengan                                 3. Engage independent experts with the approval of the
   persetujuan Dewan Komisaris apabila diperlukan.                             Board of Commissioners when necessary.
4. Memberikan saran dan masukan kepada Manajemen.                           4. Provide advice and input to Management.
5. Melaksanakan kewenangan lain yang diberikan oleh                         5. Exercise other authorities granted by the Board of
   Dewan Komisaris.                                                            Commissioners.




       Masa Tugas
Term of Office

Masa jabatan anggota Komite yang berasal dari Dewan                        The term of office for Committee members originating
Komisaris tidak melebihi masa jabatan Dewan Komisaris                      from the Board of Commissioners shall not exceed
dan dapat dipilih kembali untuk 1 (satu) periode                           the term of the Board of Commissioners and may be
berikutnya. Sementara itu, anggota Komite dari pihak                       reappointed for 1 (one) subsequent period. Meanwhile,



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           2025 Highlights   Management Report      About the Company         Management Discussion and Analysis   Corporate Governance




      independen non-komisaris menjabat paling lama 3 (tiga)             members from independent non-commissioner parties
      tahun dan dapat diangkat kembali untuk paling lama 2               may serve for a maximum of 3 (three) years and may be
      (dua) tahun, tanpa mengurangi hak Dewan Komisaris                  reappointed for up to 2 (two) years, without prejudice to
      untuk memberhentikan sewaktu-waktu.                                the right of the Board of Commissioners to dismiss them
                                                                         at any time.



             Pelaporan
      Reporting

      Komite wajib menyampaikan laporan berkala kepada                   The Committee shall submit periodic reports to the Board
      Dewan Komisaris sekurang-kurangnya 1 (satu) kali dalam             of Commissioners at least once every three months, as
      3 (tiga) bulan, serta laporan atas setiap penugasan atau           well as reports on each assignment or any issues requiring
      isu yang memerlukan perhatian Dewan Komisaris.                     the attention of the Board of Commissioners.




        Kualifikasi, Pendidikan, dan Pengalaman Kerja Komite
      Nominasi dan Remunerasi
      Qualifications, Education, and Work Experience of the Nomination and
      Remuneration Committee

      Persyaratan keanggotaan Komite             Nominasi      dan       Membership requirements for the Nomination and
      Remunerasi adalah sebagai berikut:                                 Remuneration Committee are as follows:

      Persyaratan Umum                                                   General Requirements
      1.   Memiliki integritas, akhlak, dan moral yang baik.             1. Possess integrity, good character, and strong moral
                                                                            values.
      2. Tidak memiliki kepentingan dan/atau keterkaitan                 2. Have no personal interests and/or affiliations that may
         pribadi  yang    dapat  menimbulkan   benturan                     give rise to a conflict of interest with the Company.
         kepentingan terhadap Perusahaan.

      Persyaratan Kompetensi                                             Competency Requirements
      1. Memiliki keahlian, kemampuan, pengetahuan, dan                  1. Possess adequate expertise, capabilities, knowledge,
         pengalaman yang memadai sesuai dengan tugas dan                    and experience in accordance with assigned duties
         tanggung jawabnya.                                                 and responsibilities.
      2. Wajib     memahami       industri/bisnis Perusahaan,            2. Must have a thorough understanding of the Company’s
         nominasi dan remunerasi Dewan Komisaris dan                        industry/business, nomination and remuneration of
         Direksi, serta peraturan perundang-undangan terkait.               the Board of Commissioners and Directors, as well as
                                                                            relevant laws and regulations.
      3. Wajib mematuhi kode etik Komite Nominasi dan                    3. Must comply with the code of conduct of the
         Remunerasi yang ditetapkan oleh Perusahaan.                        Nomination and Remuneration Committee as
                                                                            established by the Company.
      4. Memiliki sertifikasi sesuai ketentuan yang berlaku              4. Hold certifications in accordance with applicable
         serta bersedia meningkatkan kompetensi secara                      requirements and demonstrate a commitment
         berkelanjutan melalui pendidikan dan pelatihan.                    to continuously enhance competencies through
                                                                            education and training.



             Independensi Komite Nominasi dan Remunerasi
      Independence of the Nomination and Remuneration Committee

      Seluruh anggota Komite merupakan pihak independen                  All Committee members are independent parties who
      yang tidak memiliki hubungan keuangan, kepengurusan,               do not have financial, managerial, shareholding, and/or
      kepemilikan saham, dan/atau hubungan keluarga dengan               family relationships with the Board of Commissioners,
      Dewan Komisaris, Direksi, dan/atau Pemegang Saham                  the Board of Directors, and/or controlling shareholders.
      Pengendali. Selain itu, tidak terdapat hubungan dengan             Furthermore, there are no affiliations with banks that could


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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




bank yang dapat mempengaruhi kemampuan anggota                           influence their ability to perform duties independently
Komite dalam melaksanakan tugas secara independen                        and objectively, thereby ensuring that oversight and
dan objektif, sehingga memastikan terciptanya fungsi                     evaluation functions are carried out free from conflicts of
pengawasan dan evaluasi yang bebas dari benturan                         interest.
kepentingan.


                                   Independensi Komite Nominasi dan Remunerasi
                             Independence of the Nomination and Remuneration Committee


                         Aspek Independensi                               Abdul Muis      Dita Indah     Riyanto        Gigih
                      Aspect of Independence                                                 Sari        Prabowo      Retnowati

Tidak memiliki hubungan keuangan dengan
Dewan Komisaris dan Direksi.
                                                                                                                       
Has no financial relationship with the Board of
Commissioners and the Board of Directors.

Tidak memiliki hubungan kepengurusan di Perusahaan,
anak perusahaan, maupun perusahaan afiliasi.
                                                                                                                       
Has no managerial relationship with the Company,
its subsidiaries, or affiliated companies.

Tidak memiliki kepemilikan saham di Perusahaan.
Has no share ownership in the Company.
                                                                                                                       
Tidak memiliki hubungan keluarga dengan Dewan
Komisaris, Direksi, dan/atau sesama anggota Komite.
                                                                                                                       
Has no family relationship with the Board of Commissioners,
Board of Directors, and/or fellow members of the Committee.

Tidak menjabat sebagai pengurus partai politik,
pejabat pemerintah, dan/atau aparatur sipil negara.
                                                                                                                       
Does not serve as a political party official,
government official, and/or civil servant.




    Rapat Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Meetings

Komite Nominasi dan Remunerasi menyelenggarakan                          The Nomination and Remuneration Committee convenes
rapat secara berkala paling sedikit 1 (satu) kali dalam 1                meetings regularly at least 1 (one) time per month.
(satu) bulan. Rapat dapat diselenggarakan apabila dihadiri               Meetings may be held if attended by at least 51% of the
oleh paling sedikit 51% dari jumlah anggota Komite,                      total Committee members, including 1 (one) Independent
termasuk 1 (satu) Komisaris Independen dan 1 (satu)                      Commissioner and 1 (one) Independent Party. Decisions
Pihak Independen. Keputusan rapat Komite Nominasi                        of the Nomination and Remuneration Committee
dan Remunerasi diambil berdasarkan musyawarah untuk                      meetings are made based on deliberation for consensus.
mufakat. Rapat dipimpin oleh Ketua Komite Nominasi                       Meetings are chaired by the Chair of the Nomination and
dan Remunerasi atau oleh anggota Komite lainnya yang                     Remuneration Committee or by another Committee
merupakan Komisaris Independen apabila Ketua Komite                      member who is an Independent Commissioner if the
Nominasi dan Remunerasi berhalangan hadir.                               Chair is unable to attend.




    Pelaksanaan Rapat Komite Nominasi dan Remunerasi
Implementation of Nomination and Remuneration Committee Meetings

Pada tahun 2025, Komite Nominasi dan Remunerasi                          In 2025, the Nomination and Remuneration Committee
menyelenggarakan 12 (dua belas) kali rapat. Frekuensi                    held 12 (twelve) meetings. The attendance frequency of
kehadiran anggota Komite Nominasi dan Remunerasi                         Nomination and Remuneration Committee members is
adalah sebagai berikut:                                                  as follows:



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        2025 Highlights     Management Report         About the Company           Management Discussion and Analysis        Corporate Governance




                                           Rapat Komite Nominasi dan Remunerasi
                                    Meeting of the Nomination and Remuneration Committee


       Nama Anggota                Jabatan                       Masa Jabatan                  Jumlah             Jumlah          Persentase
       Member Name                 Position                      Term of Office               Wajib Rapat        Kehadiran        Kehadiran
                                                                                               Number of           Rapat            Rapat
                                                                                               Obligatory        Number           Percentage
                                                                                               Meetings         of Meeting        of Meeting
                                                                                                                Attendance        Attendance

      Abdul Muis          Ketua Komite               1 Januari – 31 Desember 2025                    17                17             100%
                          Committee Chairman         January 1 – December 31, 2025

      Dita Indah Sari     Wakil Ketua Komite         19 Mei – 31 Desember 2025                       9                 9              100%
                          Vice Committee             May 19 – December 31, 2025
                          Chairman

      Riyanto Prabowo Anggota Komite                 19 Mei – 31 Desember 2025                       9                 9              100%
                      Committee Member               May 19 – December 31, 2025

      Gigih Retnowati     Anggota Komite             9 Agustus – 31 Desember 2025                    5                 5              100%
                          Committee Member           August 9 – December 31, 2025

      Cahyo Rahadian      Wakil Ketua Komite         1 Januari – 18 Mei 2025                         8                 7              88%
      Muzhar              Vice Committee             January 1 – May 18, 2025
                          Chairman

      M. Abrar            Anggota Komite             1 Januari – 18 Mei 2025                         11                11             100%
      Tuntalanai          Committee Member           January 1 – May 18, 2025




                                      Agenda Rapat Komite Nominasi dan Remunerasi
                                 Meeting Agenda of the Nomination and Remuneration Committee


       No       Waktu Rapat                Agenda Rapat                                     Kesimpulan / Tindak Lanjut
               Meeting Date               Meeting Agenda                                       Conclusion / Follow-Up

        1     6 Januari 2025      Permohonan Persetujuan               1. Komite Nominasi dan Remunerasi pada prinsipnya
              January 6, 2025     KPI Direksi Kolegial dan KPI            dapat menyetujui laporan pencapaian KPI Direksi
                                  Direksi Individu PT Angkasa             kolegial dan KPI Direksi Individu PT Angkasa Pura
                                  Pura Indonesia Tahun 2024               Indonesia 2024 kepada pemegang saham.
                                  Request for Approval of the             The Nomination and Remuneration Committee, in
                                  2024 Collective Board KPIs              principle, approves the achievement report of the
                                  and Individual Board KPIs of            collective Board of Directors’ KPIs and individual
                                  PT Angkasa Pura Indonesia               Directors’ KPIs of PT Angkasa Pura Indonesia for
                                                                          2024 to be submitted to the shareholders.
                                                                       2. Manajemen telah memenuhi target KPI th. 2024 dan
                                                                          untuk aspek yang masih under target agar ditindaklanjuti
                                                                          dan ditingkatkan guna mencapai target KPI Direksi
                                                                          yang akan disampaikan kepada pemegang saham.
                                                                          Management has met the 2024 KPI targets; however,
                                                                          aspects that remain below target must be followed
                                                                          up and improved to achieve the Directors’ KPI
                                                                          targets for presentation to the shareholders.

        2     11 Februari 2025    Pemantauan Manajemen Risiko         1.    Penerapan SMAP agar menyiapkan seluruh
              February            PT. Angkasa Pura Indonesia                kelengkapan dokumen, termasuk penguatan
              11, 2025            hingga ke tingkat regional                prosedur dan petunjuk teknis.
                                  dan Evaluasi penerapan SMAP               SMAP implementation must ensure all required
                                  tahun 2024 dan Tindak Lanjut              documents are prepared, including strengthening
                                  penerapan di tahun 2025                   procedures and technical guidelines.
                                  Monitoring of PT Angkasa Pura       2.    Pemantauan risiko dilakukan secara intensif
                                  Indonesia’s Risk Management               dengan dukungan seluruh elemen perusahaan
                                  down to the regional level,               untuk menjaga operasional bandara berjalan.
                                  along with the evaluation                 Risk monitoring is conducted intensively with
                                  of the 2024 ABMS (Anti-                   the support of all company elements to ensure
                                  Bribery Management System)                the continuity of airport operations.
                                  implementation and the follow-
                                  up actions for its 2025 application


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Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No      Waktu Rapat                     Agenda Rapat                                  Kesimpulan / Tindak Lanjut
       Meeting Date                   Meeting Agenda                                    Conclusion / Follow-Up

3     4 Maret 2025          Nominated Top Talent BOD-1            1. KNR telah melakukan validasi terhadap
      March 4, 2025         PT Angkasa Pura Indonesia                usulan top talent tahun 2025 di lingkungan
                                                                     PT API yang disampaikan direksi.
                                                                     The NRC has validated the 2025 top talent proposals
                                                                     within PT API as presented by the Board of Directors.
                                                                  2. Prinsipnya menyetujui seluruh talent
                                                                     yang diusulkan oleh Direksi
                                                                     In principle, the Committee approves all
                                                                     talents proposed by the Board

4     22 April 2025         Rapat Pembahasan KPI                  1.   Laporan Kolegial sebelumnya di tahun 2024
      April 22, 2025        Korporasi PT Angkasa Pura                  ada yang masih merah agar ditindaklanjuti;
                            Indonesia RKAP Tahun 2025                  The previous 2024 Collective Report
                            Corporate KPI Discussion                   contained underperforming (red)
                            Meeting of PT Angkasa                      indicators that must be followed up.
                            Pura Indonesia for the 2025           2.   Implementasi Roadmap penyehatan dana pensiun
                            Budget Plan (RKAP)                         apakah sudah mencapai 100% sampai akhir tahun 2024;
                                                                       Verify whether the Pension Fund Recovery Roadmap
                                                                       reached 100% implementation by the end of 2024.
                                                                  3.   Implementasi One Human Capital System apakah
                                                                       sudah mencapai 100% sampai akhir tahun 2024;
                                                                       Confirm whether the One Human Capital
                                                                       System implementation achieved 100%
                                                                       completion by the end of 2024.
                                                                  4.   Semua pencapaian KPI agar dimonitor sehingga
                                                                       sedini mungkin dapat diberikan informasi ke
                                                                       masing-masing Direktorat terutama leadership;
                                                                       All KPI achievements must be monitored
                                                                       to provide early-stage information to each
                                                                       Directorate, particularly to leadership.
                                                                  5.   Normatif pembelajaran dari tahun sebelumnya untuk
                                                                       disetiap KPI Kolegial diberikan informasi ke Direktorat
                                                                       mana yang bertanggungjawab dengan batasannya.
                                                                       As a normative lesson from previous years, each
                                                                       Collective KPI should specify the responsible
                                                                       Directorate along with its respective boundaries.

5     22 Mei 2025           Rapat Permohonan Persetujuan          Persetujuan Roadmap Perbaikan Penerapan Manajemen
      May 22, 2025          Roadmap Perbaikan Penerapan           Risiko PT Angkasa Pura Indonesia Tahun 2024-2029
                            Manajemen Risiko PT Angkasa           dimaksud telah disusun berdasarkan hasil pengukuran
                            Pura Indonesia Tahun 2024             MRI serta gap analysis yang dilakukan pada PT Angkasa
                            Meeting for the Approval              Pura I dan PT Angkasa Pura II, telah memuat target-target
                            Request of the 2024 Risk              yang jelas yang hendak dicapai dan telah sesuai Rencana
                            Management Implementation             Jangka Panjang Perusahaan, atas hal tersebut atas
                            Improvement Roadmap for               permohonan tersebut dapat diberikan persetujuan oleh
                            PT Angkasa Pura Indonesia.            Dewan Komisaris (dengan beberapa saran dan masukan).
                                                                  Persetujuan Roadmap Perbaikan Penerapan Manajemen
                                                                  The Board of Commissioners approves the proposed 2024–
                                                                  2029 Risk Management Implementation Improvement
                                                                  Roadmap for PT Angkasa Pura Indonesia, which was
                                                                  formulated through MRI measurements and gap
                                                                  analyses of PT Angkasa Pura I and PT Angkasa Pura II.
                                                                  As the roadmap sets clear objectives consistent with the
                                                                  Company’s Long-Term Plan, the approval is granted with
                                                                  specific inputs and suggestions for further consideration.

6     3 Juni 2025           Rapat Pembahasan Penyesuaian          1. Memperbaruhi kebijakan dan dokumen administrasi
      June 3, 2025          Struktur Organisasi Perusahaan           sesuai dengan rencana struktur organisasi yang baru.
                            PT Angkasa Pura Indonesia                Updating policies and administrative documents in
                            Meeting on the Adjustment of             accordance with the new organizational structure plan.
                            the Corporate Organizational          2. Manajemen melakukan studi keuangan terkait
                            Structure of PT Angkasa                  dampak perubahan struktur organisasi pada biaya
                            Pura Indonesia.                          personil dan memasukannya kedalam RKAP
                                                                     Management is conducting a financial study
                                                                     on the impact of the organizational structure
                                                                     changes on personnel costs and incorporating
                                                                     them into the Corporate Budget Plan (RKAP).




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   321
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        Ikhtisar 2025         Laporan Manajemen     Tentang Perusahaan      Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights       Management Report     About the Company       Management Discussion and Analysis    Corporate Governance




       No       Waktu Rapat                Agenda Rapat                               Kesimpulan / Tindak Lanjut
               Meeting Date               Meeting Agenda                                 Conclusion / Follow-Up

        7     21 Juli 2025       Evaluasi KPI Direksi Kolegial       1. Secara umum, capaian KPI Semester I 2025 telah
              Juli 21, 2025      SMT I, Evaluasi SDM PT API             melampaui target, namun beberapa indikator seperti
                                 SMT I, dan rapat terbatas              revenue dan collaborative annual budget yang belum
                                 Evaluation of the 2024 First-          optimal perlu dievaluasi secara menyeluruh dan
                                 Half (H1) Collective Board of          ditindaklanjuti agar dapat mendukung perbaikan
                                 Directors’ KPIs, First-Half (H1)       berkelanjutan pada pelaporan triwulan berikutnya;
                                 Human Resources Evaluation of          In general, the H1 2025 KPI achievements
                                 PT API, and Executive Session.         have exceeded the targets; however, certain
                                                                        underperforming indicators such as revenue and the
                                                                        collaborative annual budget require a comprehensive
                                                                        evaluation and follow-up to support continuous
                                                                        improvement in the subsequent quarterly reports;
                                                                     2. Percepatan proses rekrutmen dan pengisian jabatan
                                                                        BOD-1 yang masih kosong (sebanyak 11 posisi per
                                                                        Juni 2025) perlu segera dilakukan, baik melalui
                                                                        promosi internal maupun seleksi terbuka, dengan
                                                                        mempertimbangkan kompetensi dan kesiapan
                                                                        kandidat. Pengisian jabatan ini penting untuk
                                                                        menjamin kesinambungan fungsi organisasi, mencegah
                                                                        beban kerja berlebih, serta memastikan efektivitas
                                                                        pengambilan keputusan di direktorat/unit kerja terkait.
                                                                        Accelerating the recruitment process for 11 vacant
                                                                        BOD-1 positions as of June 2025 is essential. Whether
                                                                        through internal promotions or external hiring, selecting
                                                                        competent candidates is vital to safeguard organizational
                                                                        functions, mitigate workload imbalances, and ensure
                                                                        streamlined decision-making processes across all units.

        8     13 Agustus         Revisi RKAP Eksploitasi dan         Diusulkan agar manajemen PT Angkasa Pura Indonesia
              2025               KPI Tahun 2025 PT API               menyampaikan dan melengkapi dokumen resmi,
              August 13, 2025    Revision of the 2025                seperti buku revisi yang memuat tata kelola dan kajian
                                 Exploitation Budget (RKAP)          risiko, serta disusun secara komprehensif sebelum
                                 and KPIs of PT API                  disampaikan kepada Dewan Komisaris. Langkah ini
                                                                     bertujuan agar tanggapan dapat diberikan secara
                                                                     tepat dan meminimalkan potensi kekeliruan.
                                                                     It is proposed that the Management of PT Angkasa Pura
                                                                     Indonesia submit and complete official documents,
                                                                     such as a revision book that includes governance and
                                                                     risk assessments, prepared comprehensively before
                                                                     presentation to the Board of Commissioners. This
                                                                     measure aims to ensure that appropriate feedback can
                                                                     be provided and to minimize the potential for errors.

        9     18 September       Agenda Usulan Calon Corsec          Mempertimbangkan profil, kompetensi, kontribusi yang telah
              2025               Group Head PT API                   dilakukan bagi perusahaan dari kandidat yang diusulkan oleh
              September          Agenda Proposal for                 Direksi serta kecakapan yang diperlukan untuk menjalankan
              18, 2025           Corporate Secretary Group           tugas dan fungsi Corporate Secretary Group Head
                                 Head Candidates of PT API           utamanya pada fungsi public relation, penerapan tata kelola
                                                                     perusahaan yang baik/Good Corporate Governance (GCG),
                                                                     maupun liasion officer maka kami merekomendasikan Sdr.
                                                                     Hendra Gunawan untuk diberikan persetujuan menduduki
                                                                     jabatan sebagai Corporate Secretary Group Head.
                                                                     Considering the profile, competencies, and past
                                                                     contributions to the company of the candidate proposed
                                                                     by the Board of Directors, as well as the expertise required
                                                                     to fulfill the duties of Corporate Secretary Group Head,
                                                                     particularly in public relations, the implementation of Good
                                                                     Corporate Governance (GCG), and liaison officer functions,
                                                                     we recommend Mr. Hendra Gunawan for approval to be
                                                                     appointed as the Corporate Secretary Group Head.”




322   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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  Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




  No      Waktu Rapat                      Agenda Rapat                                    Kesimpulan / Tindak Lanjut
         Meeting Date                    Meeting Agenda                                      Conclusion / Follow-Up

  10    20 Oktober            Permohonan Tanggapan Tertulis            Akan dilakukan interview kepada Calon Direksi
        2025                  Dewan Komisaris atas Usulan              dan Komisaris anak perusahaan oleh Dewan
        October               Pengurus Perseroan Pada                  Komisaris PT Angkasa Pura Indonesia.
        22, 2025              Anak Perusahaan dan Afiliasi             The Board of Commissioners of PT Angkasa Pura Indonesia
                              Request for Written                      will conduct interviews for candidates of the Board of
                              Response from the Board of               Directors and Board of Commissioners of the subsidiaries.
                              Commissioners regarding the
                              Proposal for Board Members
                              of Subsidiaries and Affiliates

  11    19 November           Rencana Pendalaman Bidang                Akan dijadwalkan dan diagendakan secara
        2025                  Tugas Direksi PT API                     rutin untuk semua Direksi terkait pendalaman
        November              Plan for the Board of Directors’         bidang tugas direktorat masing-masing.
        19, 2025              Functional Deep-Dive of PT API           A routine schedule will be established for all
                                                                       Directors to conduct deep-dive sessions into the
                                                                       functional duties of their respective directorates.

  12    16 Desember           Rencana Pendanaan Eksternal              1. Penyampaian dokumen pendukung IGFS.
        2025                  PT Angkasa Pura indonesia                   Provide supporting documents.
        Desember              External Funding Plan of PT              2. Rincian penggunaan pinjaman dan kajian risiko.
        16, 2025              Angkasa Pura Indonesia                      Detail loan usage and refine risk assessment.




       Pelatihan dan Peningkatan Kompetensi
Training and Competency Enhancement

Peningkatan kompetensi Komite dilakukan melalui                             The Committee competency improvement is carried
sejumlah pelatihan formal serta informal melalui interaksi                  out through a number of formal and informal training
antara Dewan Komisaris, Direksi, dan manajemen melalui                      sessions through interactions between the Board of
rapat serta kunjungan ke unit kerja Perusahaan.                             Commissioners, the Board of Directors, and management
                                                                            through meetings and visits to the Company’s work units.


                                  Tabel Pelatihan Komite Nominasi dan Remunerasi
                             Table of the Nomination and Remuneration Committee Trainings


         Tanggal                  Lokasi                    Nama Pelatihan                      Penyelenggara         Nama Anggota
           Date                 Location                     Training Name                         Organizer      Name of Members

23 Januari 2025                Jakarta         Memahami Hasil Assessment                       SOE’S              Riyanto Prabowo
January 23, 2025                               Understanding Assessment Results

27 Maret 2025                  Jakarta         y Project Management Skills for Leaders         LinkedIn           Riyanto Prabowo
March 27, 2025                                 y Public Speaking: How to Speak
                                                 Smarter When Put on the Spot
                                               y Decision Making
                                               y Acting Decisively

11 April 2025                  Jakarta         Strategic Project Risk Management               LinkedIn           Riyanto Prabowo
April 11, 2025

29 April 2025                  Jakarta         Business Law for Managers                       LinkedIn           Riyanto Prabowo
April 29, 2025

27 Mei 2025                    Jakarta         Problem-Solving Techniques                      LinkedIn           Riyanto Prabowo
May 27, 2025

22–24 Juli 2025                Jakarta         Certification Audit Committee                   IKAI               Abdul Muis
July 22–24, 2025                               Practices (CACP)




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   323
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        Ikhtisar 2025       Laporan Manajemen         Tentang Perusahaan         Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
        2025 Highlights     Management Report         About the Company          Management Discussion and Analysis     Corporate Governance




               Tanggal             Lokasi                    Nama Pelatihan                       Penyelenggara         Nama Anggota
                 Date            Location                    Training Name                            Organizer       Name of Members

       5 Agustus 2025           Jakarta         Accounting for Non-Accountants                   LinkedIn             Riyanto Prabowo
       August 5, 2025

       15–19 September 2025     Jakarta         Certified Risk Management Specialist             CRMS                 Gigih Retnowati
       September 15–19, 2025

       26 September 2025        Jakarta         Leading Like a Futurist                          LinkedIn             Riyanto Prabowo
       September 26, 2025

       26–27 November 2025      Jakarta         Qualified Risk Governance                        CRMS                 Dita Indah Sari
       November 26–27, 2025                     Professional (QRGP)




        Pencapaian Indikator Kinerja Kunci (KPI) Komite
      Nominasi dan Remunerasi
      Achievement of Nomination and Remuneration Committee Key Performance
      Indicators (KPI)

      Pengukuran kinerja Komite Nominasi dan Remunerasi,                   The performance measurement of the Nomination
      baik secara individual maupun kolektif, dilakukan melalui            and Remuneration Committee, both individually and
      mekanisme self-assessment. Berdasarkan evaluasi atas                 collectively, is conducted through a self-assessment
      indikator pengukuran kinerja Komite selama tahun 2025,               mechanism. Based on the evaluation of the Committee’s
      seluruh target telah tercapai. Hasil pengukuran kinerja              performance indicators for 2025, all targets have been
      Komite periode tahun 2025 adalah sebagai berikut:                    achieved. The results of the Committee’s performance
                                                                           measurement for the 2025 period are as follows:



           Indikator                                               Kegiatan                                                  Capaian
           Indicator                                               Activities                                              Achievement

      Kegiatan rapat        1. Rapat Komite.                                    1 kali per bulan (4 kali, mulai              Tercapai
      Meeting Activities                                                        September s.d. Desember 2025).               Achieved
                               Committee Meetings.
                                                                                Once a month (4 times, from
                                                                                September to December 2025).

                            2. Rapat dengan Manajemen.                          Sesuai kebutuhan (4 kali).                   Tercapai
                                                                                As needed (4 times).                         Achieved
                               Meetings with Management.

                                                                                Sesuai kebutuhan (6 kali).                   Tercapai
                            3. Rapat Gabungan dengan Komite                     As needed (6 times).                         Achieved
                               lainnya dan Sekretaris Dewan Komisaris.
                               Joint Meetings with Other
                               Committees and the Secretary of
                               the Board of Commissioners.

                                                                                1 kali per bulan (5 kali, mulai              Tercapai
                            4. Rapat Internal Dewan Komisaris.                  September s.d. Desember 2025).               Achieved
                               Internal Meetings of the                         Once a month (5 times, from
                               Board of Commissioners.                          September to December 2025).

                                                                                1 kali per bulan (4 kali, mulai              Tercapai
                            5. Rapat Gabungan Dewan                             September s.d. Desember 2025).               Achieved
                               Komisaris dengan Direksi.                        Once a month (4 times, from
                               Joint Meetings of the Board                      September to December 2025).
                               of Commissioners with the
                               Board of Directors.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




     Indikator                                                   Kegiatan                                             Capaian
     Indicator                                                   Activities                                         Achievement

                         6. Rapat dengan Kementerian BUMN/        Sesuai kebutuhan (1 kali).                         Tercapai
                            Pemegang Saham atau Instansi Lainnya. As needed (1 time).                                Achieved
                            Meetings with the Ministry
                            of State-Owned Enterprises/
                            Shareholders or Other Institutions.

 Peningkatan             Mengikuti pelatihan atau seminar atau                Pelatihan Certification Audit          Tercapai
 kompetensi              workshop terkait audit.                              Committee Practices (CACP)             Achieved
 melalui pelatihan/      Attending training, seminars, or                     dan Qualified Risk Governance
 workshop/               workshops related to audit.                          Professional (QRGP).
 webinar                                                                      Joined Certification Audit
 Competency                                                                   Committee Practices (CACP)
 enhancement                                                                  and Qualified Risk Governance
 through training/                                                            Professional (QRGP) training.
 workshop/
 webinar

 Perjalanan Dinas        Melakukan kunjungan, rapat dan                       Kegiatan monitoring pelaksanaan        Tercapai
 Official Duty           pertemuan ke Kantor Pusat/Kantor                     Natal 2025 dan tahun baru              Achieved
 Travel                  Cabang.                                              2026 (NATARU) di Bandara
                         Conducting visits, meetings,                         Soekarno Hatta, Bandara Halim
                         and discussions at the Head                          Perdanakusuma dan Bandara
                         Office/Branch Offices.                               Sultan Hasanuddin.
                                                                              Monitoring activities for Christmas
                                                                              2025 and New Year 2026 operations
                                                                              at Soekarno Hatta Airport, Halim
                                                                              Perdanakusuma Airport dan
                                                                              Sultan Hasanuddin Airport.

 Self-assessment         Menyampaikan laporan pelaksanaan tugas Komite Nominasi dan Remunerasi.                      Tercapai
 pelaksanaan             Submitting reports on the implementation of the Nomination                                  Achieved
 tugas Komite            and Remuneration Committee’s duties.
 Self-assessment of
 Committee duty
 implementation




  Laporan Kegiatan Komite Nominasi dan Remunerasi
Tahun 2025
Nomination and Remuneration Committee Activity Report 2025

Komite Nominasi dan Remunerasi telah melaksanakan                       The Nomination and Remuneration Committee carried
berbagai aktivitas selama Tahun 2025 sebagai berikut:                   out the following activities throughout 2025:
1. Menyelenggarakan 16 kali rapat Komite Nominasi dan                   1. Conducted 16 Nomination and Remuneration
   Remunerasi, termasuk partisipasi dalam rapat Dewan                      Committee meetings, including participation in Board
   Komisaris dan rapat gabungan Dewan Komisaris                            of Commissioners meetings and joint meetings with
   dengan Direksi.                                                         the Board of Directors.
2. Mengikuti kegiatan pengembangan kompetensi                           2. Participated in competency development activities
   melalui pelatihan/workshop/webinar sebanyak 1                           through training/workshops/webinars once.
   (satu) kali.
3. Melaksanakan kunjungan kerja dalam rangka                            3. Conducted a business visit to monitor the
   pemantauan pelaksanaan Natal 2025 dan Tahun Baru                        implementation of Christmas 2025 and New Year 2026
   2026 (NATARU) di Bandara Bandara Soekarno Hatta,                        (NATARU) operations at Soekarno Hatta Airport, Halim
   Bandara Halim Perdanakusuma dan Bandara Sultan                          Perdanakusuma Airport dan Sultan Hasanuddin
   Hasanuddin pada tanggal 18 Desember 2025.                               Airport on December 18, 2025.
4. Menyampaikan laporan pelaksanaan tugas Komite                        4. Submitted 1 (one) report on the Committee’s duties to
   kepada Dewan Komisaris sebanyak 1 (satu) kali.                          the Board of Commissioners.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   325
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        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      Secara keseluruhan, Komite Nominasi dan Remunerasi             Overall, the Nomination and Remuneration Committee
      telah melaksanakan program kerja sesuai dengan                 has effectively implemented its work programs in
      Rencana Kerja Tahun 2025 dengan baik. Selain itu,              accordance with the 2025 Work Plan. Furthermore, the
      rekomendasi yang diberikan oleh Komite Nominasi                recommendations provided by the Committee have
      dan Remunerasi telah diterima oleh Dewan Komisaris             been accepted by the Board of Commissioners and have
      dan menjadi pertimbangan dalam proses pengambilan              served as considerations in the decision-making process
      keputusan atas usulan yang diajukan oleh Direksi. Dari         on proposals submitted by the Board of Directors. From
      aspek komunikasi, sepanjang Tahun 2025 telah terjalin          a communication perspective, throughout 2025, effective
      komunikasi yang baik dan konsisten, termasuk diskusi           and consistent communication has been maintained,
      rutin terkait isu-isu strategis serta pemantauan tindak        including regular discussions on strategic issues and
      lanjut atas penyelesaian yang dilakukan oleh Direksi.          monitoring of follow-up actions undertaken by the Board
                                                                     of Directors.




326   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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     Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
     Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




DIREKSI
BOARD OF DIRECTORS

Direksi merupakan organ perusahaan yang berwenang                           The Board of Directors is a corporate organ that has full
dan bertanggung jawab penuh atas pengurusan                                 authority and responsibility for managing the Company
Perusahaan untuk kepentingan Perusahaan, bertindak                          in the interest of the Company, acting in accordance
sesuai dengan maksud dan tujuan Perusahaan, serta                           with its purposes and objectives, and representing the
mewakili Perusahaan, baik di dalam maupun di luar                           Company both inside and outside the court in accordance
pengadilan, sesuai dengan ketentuan Anggaran Dasar.                         with the Articles of Association. The Board of Directors
Direksi memiliki kewenangan untuk merumuskan                                has the authority to formulate operational and business
strategi operasional dan bisnis, rencana jangka panjang,                    strategies, long-term plans, and annual plans in line with
serta rencana tahunan sesuai dengan visi, misi, dan nilai-                  the Company’s vision, mission, and values.
nilai Perusahaan.

Anggota Direksi wajib mematuhi Anggaran Dasar                               Members of the Board of Directors are required to
Perusahaan dan peraturan perundang-undangan yang                            comply with the Articles of Association and prevailing
berlaku serta melaksanakan prinsip profesionalisme,                         laws and regulations and to uphold the principles of
efisiensi, transparansi, kemandirian,  akuntabilitas,                       professionalism, efficiency, transparency, independence,
pertanggungjawaban, dan kewajaran. Setiap anggota                           accountability, responsibility, and fairness. Each member
Direksi wajib melaksanakan tugas dan tanggung                               must perform their duties and responsibilities in good
jawabnya dengan itikad baik, penuh tanggung jawab,                          faith, with full responsibility and prudence, in compliance
dan kehati-hatian, dengan mengindahkan peraturan                            with applicable laws and regulations.
perundang-undangan yang berlaku.




       Proses Nominasi dan Pemilihan
Nomination and Selection Process

Persyaratan pemilihan dan pengangkatan calon anggota                        The requirements for the selection and appointment of
Direksi meliputi:                                                           candidates for the Board of Directors include:

1. Persyaratan formal, yaitu orang perseorangan yang                        1.   Formal Requirements: Individuals must be legally
   cakap melakukan perbuatan hukum; tidak pernah                                 competent to perform legal acts; must not have
   dinyatakan pailit dalam waktu 5 (lima) tahun sebelum                          been declared bankrupt within 5 (five) years prior to
   pencalonan; tidak pernah menjadi anggota Dewan                                nomination; must not have served as a Commissioner,
   Komisaris, Direksi, atau Dewan Pengawas yang                                  Director, or Supervisory Board member who was
   dinyatakan bersalah menyebabkan suatu perusahaan                              found guilty of causing another company to be
   lain dinyatakan pailit dalam kurun waktu 5 (lima) tahun                       declared bankrupt within the same period; and must
   sebelum pencalonan; serta tidak pernah dihukum                                not have been convicted of a criminal offense causing
   karena melakukan tindak pidana yang merugikan                                 losses to state finances and/or related to the financial
   keuangan negara dan/atau yang berkaitan dengan                                sector within 5 (five) years prior to nomination.
   sektor keuangan dalam kurun waktu 5 (lima) tahun
   sebelum pencalonan.
2. Persyaratan materiil, yaitu memiliki integritas dan                      2. Material Requirements: Candidates must possess
   dedikasi; memahami permasalahan manajemen                                   integrity and dedication; understand corporate
   perusahaan yang berkaitan dengan salah satu fungsi                          management issues related to at least one
   manajemen; memiliki pengetahuan yang memadai di                             management function; have sufficient knowledge in
   bidang usaha perusahaan tempat yang bersangkutan                            the Company’s business sector; and be able to allocate
   dicalonkan; serta mampu menyediakan waktu yang                              adequate time to perform their duties.
   cukup untuk melaksanakan tugasnya.




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        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




          Tugas dan Tanggung Jawab
      Duties and Responsibilities

      Direksi bertanggung jawab penuh atas pengurusan                The Board of Directors is fully responsible for managing the
      Perusahaan untuk kepentingan dan tujuan Perusahaan,            Company in line with its objectives, including achieving
      termasuk pencapaian target kinerja. Direksi wajib              performance targets. The Board must ensure compliance
      memastikan kepatuhan terhadap peraturan perundang-             with laws and regulations, the Articles of Association, and
      undangan, Anggaran Dasar, dan keputusan RUPS,                  resolutions of the General Meeting of Shareholders (GMS),
      serta memimpin Perusahaan secara efektif dan efisien.          while leading the Company effectively and efficiently.
      Direksi juga bertanggung jawab atas pengelolaan aset,          The Board is also responsible for asset management,
      penyusunan struktur organisasi, penyediaan informasi           organizational structuring, providing information to the
      kepada Dewan Komisaris, serta penerapan prinsip Good           Board of Commissioners, and consistently implementing
      Corporate Governance (GCG) secara konsisten.                   Good Corporate Governance (GCG) principles.




          Pengelolaan Benturan Kepentingan dan Afiliasi
      Management of Conflicts of Interest and Affiliations

      Pengelolaan benturan kepentingan Direksi telah diatur          The management of conflicts of interest of the Board of
      dalam Keputusan Bersama Dewan Komisaris dan Direksi            Directors is governed by the Joint Decree of the Board
      PT Angkasa Pura Indonesia No. KEP.110/OM.04/2019               of Directors and the Board of Directors of PT Angkasa
      dan No. KEP.02/DK.API/2019 tanggal 7 Mei 2019 tentang          Pura Indonesia No. KEP.110/OM.04/2019 and No. KEP.02/
      Pedoman Tata Kelola Perusahaan (Code of Corporate              DK.API/2019 dated May 7, 2019 concerning the Code of
      Governance).                                                   Corporate Governance.

      Direksi berkomitmen untuk menghindari segala bentuk            The Board of Directors are committed to avoiding all
      benturan kepentingan. Dalam hal terdapat kepentingan           forms of conflict of interest. In the event of a personal
      pribadi dalam suatu transaksi, kepentingan tersebut            interest in a transaction, such interest must be disclosed
      wajib diungkapkan dalam rapat dan pihak yang                   in a meeting, and the concerned party is not entitled to
      bersangkutan tidak berhak memberikan suara. Selain             vote. Each member of the Board of Commissioners and
      itu, setiap anggota Dewan Komisaris dan Direksi wajib          Directors is also required to submit a statement regarding
      menyampaikan pernyataan terkait ada atau tidaknya              the presence or absence of conflict of interest at least 1
      benturan kepentingan sekurang-kurangnya 1 (satu) kali          (once) a year and is prohibited from holding concurrent
      dalam setahun, serta tidak diperkenankan merangkap             positions that violate applicable regulations.
      jabatan yang bertentangan dengan ketentuan yang
      berlaku.

      Afiliasi mengacu pada hubungan antara anggota Dewan            Affiliation refers to relationships between members of
      Komisaris, Direksi, dan Pemegang Saham Utama atau              the Board of Commissioners, the Board of Directors, and
      Pengendali, yang dapat timbul dari hubungan keluarga,          controlling shareholders, which may arise from family
      kepentingan bisnis, atau asosiasi profesional.                 ties, business interests, or professional associations.

      Direksi PT Angkasa Pura Indonesia tidak memiliki               The Board of Directors of PT Angkasa Pura Indonesia does
      hubungan keuangan, kepengurusan, kepemilikan saham,            not have financial, managerial, share ownership, and/or
      dan/atau hubungan keluarga dengan anggota Direksi              family relationships with other members of the Board of
      lainnya, Direksi, dan/atau Pemegang Saham Pengendali           Commissioners, the Board of Directors, and/or controlling
      maupun hubungan dengan Perusahaan, sehingga dapat              shareholders, nor any relationship with the Company,
      melaksanakan tugas dan tanggung jawabnya secara                thereby ensuring the independent execution of its duties
      independen.                                                    and responsibilities.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




     Wewenang Direksi
Authority of the Board of Directors

Direksi memiliki kewenangan untuk menetapkan                             The Board of Directors has the authority to establish
kebijakan strategis di berbagai bidang, termasuk                         strategic policies across various areas, including finance,
keuangan, investasi, operasional, teknologi informasi,                   investment, operations, information technology, human
sumber daya manusia, GCG, ESG, dan lainnya, dengan                       capital, GCG, ESG, and others, in alignment with the
tetap   berpedoman     pada    kebijakan   Pemegang                      policies of the Series A Dwiwarna Shareholder. The
Saham Seri A Dwiwarna. Selain itu, Direksi berwenang                     Board is also authorized to delegate authority, regulate
mendelegasikan kewenangan, mengatur kepegawaian,                         employment matters, appoint and dismiss employees
mengangkat dan memberhentikan pegawai dan                                and the Corporate Secretary, and represent the Company
Sekretaris Perusahaan, serta mewakili Perusahaan di                      both inside and outside the court in accordance with
dalam dan di luar pengadilan sesuai dengan ketentuan                     applicable regulations.
yang berlaku.




     Etika Jabatan Direksi
Ethical Standards of the Board of Directors

Untuk menjaga integritas, Direksi wajib memenuhi etika                   To maintain integrity, the Board of Directors must adhere
jabatan sebagai berikut:                                                 to the following ethical standards:
1. Anggota Direksi dilarang melakukan tindakan yang                      1. Members of the Board of Directors are prohibited
   menimbulkan benturan kepentingan (conflict of                             from engaging in actions that give rise to conflicts
   interest) maupun mengambil keuntungan pribadi                             of interest or from deriving personal benefits from
   dari pengambilan keputusan dan/atau pelaksanaan                           decision-making and/or the implementation of
   kegiatan Perusahaan, selain dari penghasilan yang sah.                    Company activities, other than lawful remuneration.
2. Anggota Direksi wajib melaporkan kepada Sekretaris                    2. Members of the Board of Directors must report to
   Perusahaan mengenai kepemilikan saham, baik milik                         the Corporate Secretary any share ownership held
   sendiri maupun keluarga, pada Perusahaan dan                              by themselves and/or their family members in the
   perusahaan lain, termasuk setiap perubahannya.                            Company and other companies, including any
                                                                             changes thereto.
3. Anggota Direksi wajib melakukan pengungkapan                          3. Members of the Board of Directors are required to
   apabila terjadi benturan kepentingan. Anggota                             disclose any conflicts of interest. The concerned
   Direksi yang bersangkutan tidak diperkenankan                             member must not be involved in any decision-making
   terlibat dalam proses pengambilan keputusan yang                          process related to such matters.
   berkaitan dengan hal tersebut.
4. Dalam melaksanakan tugas dan fungsinya, setiap                        4. In carrying out their duties and functions, each
   anggota Direksi wajib:                                                   member of the Board of Directors must:
   a. Mematuhi Anggaran Dasar, peraturan perundang-                         a. Comply with the Articles of Association, prevailing
       undangan, serta prinsip-prinsip profesionalisme,                        laws and regulations, as well as the principles
       efisiensi, transparansi, independensi, akuntabilitas,                   of professionalism, efficiency, transparency,
       pertanggungjawaban, dan kewajaran;                                      independence, accountability, responsibility, and
                                                                               fairness;
   b. Melaksanakan      fungsi    pengawasan      dan                       b. Perform oversight functions and provide advice
      memberikan nasihat kepada Direksi dengan                                 to the Board of Directors in good faith, with due
      itikad baik, penuh kehati-hatian, dan tanggung                           care and responsibility, in the best interest of the
      jawab, demi kepentingan Perusahaan serta sesuai                          Company and in accordance with its purposes and
      dengan maksud dan tujuan Perusahaan;                                     objectives;
   c. Melampirkan pakta integritas dalam setiap usulan                      c. Attach an integrity pact to any proposal of the
      Direksi yang memerlukan rekomendasi Direksi                              Board of Directors that requires recommendation
      dan persetujuan Pemegang Saham; serta                                    from the Board of Directors and approval from the
                                                                               Shareholders; and
   d. Memperbarui surat pernyataan tidak memiliki                           d. Periodically update, or at the beginning of each
      benturan kepentingan secara berkala atau pada                            year, a declaration confirming the absence of any
      setiap awal tahun.                                                       conflict of interest.




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        2025 Highlights     Management Report      About the Company          Management Discussion and Analysis   Corporate Governance




          Pembagian Bidang Tugas Direksi
      Division of Duties of the Board of Directors

      Direksi menjalankan tugasnya secara kolegial. Namun                The Board of Directors carries out its duties on a collegial
      demikian, untuk meningkatkan efisiensi dan efektivitas             basis. However, in order to enhance efficiency and
      pelaksanaan tugas, dilakukan pembagian bidang tugas                effectiveness in the execution of its responsibilities, a
      di antara masing-masing anggota Direksi. Berdasarkan               division of duties is established among the members of
      Peraturan Bersama Dewan Komisaris dan Direksi                      the Board of Directors. Pursuant to the Joint Regulation
      PT Angkasa Pura Indonesia No.KEP.08/DK.API/7/2025                  of the Board of Commissioners and the Board of Directors
      dan PD.DU.29/PG.03/2025 Tentang Pedoman Penerapan                  of PT Angkasa Pura Indonesia No. KEP.08/DK.API/7/2025
      Prinsip Tata Kelola Perusahaan yang Baik (Good Corporate           and PD.DU.29/PG.03/2025 concerning the Guidelines for
      Governance) PT Angkasa Pura Indonesia pembidangan                  the Implementation of Good Corporate Governance (GCG)
      tugas Direksi diatur sebagai berikut:                              Principles at PT Angkasa Pura Indonesia, the allocation of
                                                                         duties among the Board of Directors is structured as follows:


                                                 Struktur Pembagian Tugas
                                                    Division of Responsibilities


          Nama Jabatan                                                     Pembidangan
          Position Name                                                 Area of Responsibility

      Direktur Utama           Memastikan penyelenggaraan fungsi pengurusan/pengelolaan oleh para anggota
      President Director       Direksi sesuai tugas pokok Perusahaan melalui penetapan kebijakan yang dilakukan oleh
                               Direktur dan pengendalian pelaksanaan tugas bidang internal audit, Corporate Secretary,
                               corporate planning and transformation, dan legal and compliance termasuk penerapan
                               program pengendalian gratifikasi, sistem pelaporan pelanggaran (whistleblowing
                               system), tata kelola perusahaan yang baik (Good of Corporate Governance), pelaporan
                               hasil atas Laporan Harta Kekayaan Penyelenggara Negara (LHKPN), serta Sistem
                               Manajemen Anti Penyuapan (SMAP) guna mendukung pencapaian visi dan misi
                               Perusahaan sesuai dengan anggaran dasar, kebijakan yang ditetapkan oleh Rapat Umum
                               Pemegang Saham (RUPS), dan Rencana Kerja dan Anggaran Perusahaan (RKAP).
                               Ensuring the implementation of management/administrative functions by members
                               of the Board of Directors in accordance with the Company’s main duties through the
                               establishment of policies carried out by the President Director, and the supervision of the
                               implementation of tasks in the areas of internal audit, corporate secretary, corporate planning
                               and transformation, as well as legal and compliance. This includes the implementation of
                               gratification control programs, the whistleblowing system, good corporate governance,
                               reporting of State Officials Wealth Reports (LHKPN), and the Anti-Bribery Management
                               System (SMAP), in order to support the achievement of the Company’s vision and mission
                               in accordance with the Articles of Association, policies determined by the General
                               Meeting of Shareholders (GMS), and the Company’s Work Plan and Budget (CWPB).

      Direktur Strategi        Melaksanakan sebagian tugas Direksi dalam merencanakan, menganalisis, merumuskan
      dan Pengembangan         kebijakan, membina penyelenggaraan, dan mengendalikan kegiatan perencanaan
      Teknologi                strategis, kebijakan dan performansi perusahaan, pelaksanaan program transformasi
      Strategic and            perusahaan, pengembangan bisnis perusahaan, pengelolaan dan pemanfaatan
      Technology               asset perusahaan, serta pengembangan teknologi informasi perusahaan.
      Development Director     Carrying out part of the duties of the Board of Directors in planning, analyzing,
                               formulating policies, overseeing implementation, and controlling activities related to
                               strategic planning, corporate policies and performance, implementation of corporate
                               transformation programs, business development, management and utilization of
                               company assets, as well as the development of the company’s information technology.

      Direktur Komersial       Melaksanakan sebagian tugas Direksi dalam merencanakan, menganalisis, merumuskan
      Commercial Director      kebijakan, membina penyelenggaraan, dan mengendalikan kegiatan strategis,
                               kebijakan dan performance komersial dan pelaksanaan kegiatan komersial.
                               Carrying out part of the duties of the Board of Directors in planning, analyzing, formulating
                               policies, overseeing implementation, and controlling strategic activities, commercial
                               policies and performance, as well as the implementation of commercial activities.

      Direktur Operasi         Melaksanakan sebagian tugas Direksi dalam merencanakan, menganalisis, merumuskan
      Operation Director       kebijakan, membina penyelenggaraan dan mengendalikan kegiatan operasi bandara,
                               pemastian kualitas operasi bandara, serta manajemen keamanan dan keselamatan bandara.
                               Carrying out part of the duties of the Board of Directors in planning, analyzing, formulating
                               policies, overseeing implementation, and controlling airport operations activities, ensuring
                               the quality of airport operations, as well as managing airport security and safety.



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  Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




    Nama Jabatan                                                             Pembidangan
    Position Name                                                        Area of Responsibility

Direktur Teknik               Melaksanakan sebagian tugas Direksi dalam merencanakan, menganalisis,
Technical Director            merumuskan kebijakan, membina penyelenggaraan dan mengendalikan kegiatan
                              teknik bandara, teknik elektronika, listrik, mekanikal, peralatan, infrastruktur dan
                              kebijakan fasilitas, serta pemastian kualitas infrastruktur dan fasilitas bandara.
                              Carrying out part of the duties of the Board of Directors in planning, analyzing,
                              formulating policies, overseeing implementation, and controlling activities related to
                              airport engineering, electronic, electrical, mechanical, equipment, infrastructure and
                              facilities policy, as well as ensuring the quality of airport infrastructure and facilities.

Direktur Keuangan             Melaksanakan sebagian tugas Direksi dalam merencanakan, menganalisis, merumuskan
Finance Director              kebijakan, membina penyelenggaraan dan mengendalikan pengelolaan anggaran dan
                              akuntansi, perbendaharaan, pembinaan dan performansi kinerja keuangan perusahaan
                              Carrying out part of the duties of the Board of Directors in planning, analyzing, formulating
                              policies, overseeing implementation, and controlling the management of budgeting and
                              accounting, treasury, financial performance management, and company financial performance.

Direktur Human                Merencanakan, menganalisis, merumuskan kebijakan, membina penyelenggaraan dan
Capital                       mengendalikan kegiatan strategis human capital, manajemen talenta, pengembangan
Human Capital                 sumber daya manusia, tanggung jawab sosial dan lingkungan (TJSL), perlengkapan
Director                      serta pengadaan barang dan jasa, dan kebutuhan operasional Perusahaan.
                              Planning, analyzing, formulating policies, overseeing implementation, and
                              controlling strategic activities related to human capital, talent management,
                              human resource development, corporate social responsibility (CSR), procurement
                              of goods and services, and operational needs of the company.

Direktur Manajemen            Melaksanakan sebagian tugas Direksi dalam merencanakan, menganalisis, merumuskan
Risiko                        kebijakan, membina penyelenggaraan dan mengendalikan manajemen risiko dan kepatuhan.
Risk Management               Carrying out part of the duties of the Board of Directors in planning, analyzing, formulating
Director                      policies, overseeing implementation, and controlling risk management and compliance.




    Masa Jabatan Direksi
Term of Office of the Board of Directors

Anggota Direksi memiliki masa jabatan lima tahun                           Members of the Board of Directors serve a five-year term,
dengan tidak mengurangi kewenangan RUPS untuk                              without limiting the authority of the General Meeting of
memberhentikan para anggota sewaktu-waktu. RUPS                            Shareholders (GMS) to dismiss members at any time. The
berhak mengangkat kembali anggota Direksi untuk satu                       GMS has the right to reappoint members of the Board of
kali masa jabatan berikutnya setelah masa jabatannya                       Directors for one additional term after their current term
berakhir.                                                                  ends.




  Mekanisme Pemberhentian dan Pengunduran Diri
Direksi
Dismissal and Resignation Mechanism of the Board of Directors


Direksi    dapat     mengundurkan        diri  dengan                      The Board of Directors may resign with at least 30 days’
pemberitahuan tertulis minimal 30 hari sebelumnya dan/                     written notice and/or be dismissed at any time before the
atau diberhentikan sewaktu-waktu sebelum periode                           end of their term for various reasons. Some grounds for
jabatannya berakhir dengan berbagai alasan. Beberapa                       dismissal include:
alasan pemberhentian Direksi disebabkan karena:
1. Tidak dapat menjalankan tugasnya dengan baik;                           1. Inability to perform duties properly;
2. Melanggar ketentuan anggaran dasar dan/atau                             2. Violation of the company’s Articles of Association and/
    peraturan perundang-undangan;                                             or laws and regulations;
3. Terlibat dalam tindakan yang merugikan BUMN dan/                        3. Involvement in actions that harm the SOE and/or the
    atau negara;                                                              state;



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        2025 Highlights    Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      4. Melakukan tindakan yang melanggar etika dan/                 4. Engaging in unethical or improper conduct expected
         atau kepatutan yang seharusnya dihormati sebagai                of Directors or Supervisory Board members of SOEs;
         anggota Direksi dan Dewan Pengawas BUMN;
      5. Dinyatakan bersalah dengan putusan pengadilan                5. Being found guilty by a court decision with permanent
         yang telah mempunyai kekuatan hukum yang tetap;                 legal force;
         atau
      6. Mengundurkan diri.                                           6. Voluntary resignation.

      Anggota Direksi dapat diberhentikan oleh Menteri BUMN           Members of the Board of Directors may be dismissed by
      atau RUPS karena alasan tertentu demi kepentingan dan           the Minister of State-Owned Enterprises or the General
      tujuan BUMN dan/atau Perusahaan, antara lain namun              Meeting of Shareholders (GMS) for certain reasons in the
      tidak terbatas pada pemberhentian dalam rangka                  interest and objectives of the SOE and/or the Company,
      restrukturisasi perusahaan, memasuki usia pensiun,              including but not limited to dismissal in the context of
      dan/atau diangkat menjadi aparatur sipil negara (ASN)           corporate restructuring, reaching retirement age, and/
      sebagai penugasan dari kementerian teknis atau instansi         or appointment as a civil servant (ASN) as an assignment
      pemerintah lainnya.                                             from a technical ministry or other government institution.

      Berdasarkan ketentuan Undang-Undang Nomor 19                    Pursuant to the provisions of Law Number 19 of
      Tahun 2003 tentang Badan Usaha Milik Negara serta               2003     concerning    State-Owned      Enterprises    and
      Peraturan Pemerintah Nomor 45 Tahun 2005 tentang                Government Regulation Number 45 of 2005 concerning
      Pendirian, Pengurusan, Pengawasan, dan Pembubaran               the Establishment, Management, Supervision, and
      Badan Usaha Milik Negara sebagaimana telah diubah               Dissolution of State-Owned Enterprises, as amended by
      dengan Peraturan Pemerintah Nomor 23 Tahun 2022,                Government Regulation Number 23 of 2022, the term
      masa jabatan anggota Direksi/Dewan Pengawas dan                 of office of members of the Board of Directors/Board of
      Direksi BUMN adalah 5 (lima) tahun, dan berakhir secara         Supervisors and the Board of Directors of SOEs is 5 (five)
      hukum dengan sendirinya apabila:                                years and shall automatically expire by operation of law if:
      • Meninggal dunia.                                              • The individual passes away;
      • Masa jabatan berakhir.                                        • The term ends;
      • Tidak lagi memenuhi persyaratan sebagai anggota               • The individual no longer meets the requirements as
         Direksi BUMN berdasarkan ketentuan dan peraturan                 a member of the Board of Directors of SOEs under
         perundang-undangan.                                              applicable laws and regulations.

      Kebijakan ini tertuang dalam Surat Kementerian                  This policy is outlined in the Indonesian Ministry of SOEs
      Badan Usaha Milik Negara (BUMN) RI Nomor S-97/                  Letter No. S-97/DSI.MBU/09/2022 dated September 20,
      DSI. MBU/09/2022 tanggal 20 September 2022 perihal              2022, regarding the Confirmation of the End of the Term
      Penegasan Berakhirnya Masa Jabatan Anggota Dewan                of Office of Member of the Board of Commissioners,
      Komisaris/Dewan Pengawas dan Direksi Badan Usaha                Supervisory Board, and Directors of SOEs.
      Milik Negara.




          Komposisi dan Dasar Pengangkatan Direksi
      Composition and Basis of Appointment of the Board of Directors

      Proses pengangkatan dan pemberhentian anggota                   The appointment and dismissal of Directors are the
      Direksi merupakan kewenangan pemegang saham                     authority of shareholders, with the process potentially
      yang dalam pelaksanaannya dapat melibatkan anggota              involving input from Directors and existing Directors.
      Dewan Komisaris dan Direksi. Anggota yang terpilih              Selected members must meet the established fit-and
      dipastikan telah memenuhi kriteria dan syarat yang telah        proper test criteria
      ditentukan dalam uji kelayakan dan kepatutan.

      Komposisi Direksi per 31 Desember                               Composition of the Board of
      2024                                                            Directors as of December 31, 2024
      Pada periode akhir tahun 2024, susunan Direksi masih            At the end of the 2024 period, the composition of the
      mengacu pada komposisi yang ditetapkan pada                     Board of Directors remained the same as that established
      perubahan terakhir tahun sebelumnya.                            in the last amendment the previous year.




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  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




      Nama                        Jabatan                     Dasar Pengangkatan                           Masa Jabatan
      Name                        Position                Legal Base of Appointment                        Term of Office

 Faik Fahmi            Direktur Utama                 SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
                       President Director             INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025

 Wendo                 Direktur Operasi               SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
 Asrul Rose            Director of Operations         INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025

 Muhammad              Direktur Teknik                SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
 Suriawan              Director of Engineering        INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025
 Wakan

 Mohammad              Direktur Komersial             SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
 Rizal Pahlevi         Director of Commercial         INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025

 Yanindya Bayu         Direktur Keuangan dan          SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
 Wirawan               Manajemen Risiko               INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025
                       Director of Finance and
                       Risk Management

 Achmad Syahir         Direktur Human Capital         SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
                       Director of Human Capital      INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025

 Ferry Kusnowo         Direktur Strategi dan          SK-202/MBU/09/2024 dan KEP.               6 September 2024 – 15 Mei 2025
                       Pengembangan Teknologi         INJ.08.03.01/23/09/2024/A.0140            September 6, 2024 – May 15, 2025
                       Director of Strategy and
                       Technology Development



Komposisi Direksi per 31 Desember                                        Composition of the Board of
2025                                                                     Directors as of December 31, 2025
Berdasarkan ketentuan Pasal 91 Undang-Undang                             Pursuant to the provisions of Article 91 of Law No. 40 of 2007
No. 40 Tahun 2007 tentang Perusahaan Terbatas,                           concerning Limited Liability Companies, Shareholders
Pemegang Saham dapat mengambil keputusan yang                            may adopt binding resolutions outside the General
mengikat di luar RUPS sepanjang seluruh Pemegang                         Meeting of Shareholders, provided that all Shareholders
Saham dengan hak suara menyetujui secara tertulis.                       with voting rights approve such resolutions in writing. In
Sehubungan dengan hal tersebut, melalui Surat                            this regard, based on Decrees No. SK-202/MBU/09/2024
Keputusan      No.   SK-202/MBU/09/2024       dan   KEP.                 and KEP.INJ.08.03.01/23/09/2024/A.0140, as well as SK-
INJ.08.03.01/23/09/2024/A.0140, serta SK-128/MBU/05/2025                 128/MBU/05/2025 and KEP.DU.01/08.03.01/16/05/2025,
dan KEP.DU.01/08.03.01/16/05/2025, dilakukan perubahan                   changes were made to the composition of the Board of
komposisi Direksi sebagai berikut:                                       Directors as follows:



      Nama                       Jabatan                  Dasar Pengangkatan                             Masa Jabatan
      Name                       Position             Legal Base of Appointment                          Term of Office

 Mohammad              Direktur Utama              - SK-202/MBU/09/2024 dan KEP.            -16 Mei 2025 – 15 Mei 2030
 Rizal Pahlevi         President Director          INJ.08.03.01/23/09/2024/A.0140            May 16, 2025 – May 15, 2030
                                                   - SK-128/MBU/05/2025 dan KEP.            -9 September 2024 – 8 September 2029
                                                   DU.01/08.03.01/16/05/2025                 September 9, 2024 – September 8, 2029

 Achmad Syahir         Wakil Direktur Utama        - SK-202/MBU/09/2024 dan KEP.            - 16 Mei 2025 – 15 Mei 2030
                       Vice President Director     INJ.08.03.01/23/09/2024/A.0140             May 16, 2025 – May 15, 2030
                                                   - SK-128/MBU/05/2025 dan KEP.            - 9 September 2024 – 8 September 2029
                                                   DU.01/08.03.01/16/05/2025                  September 9, 2024 – September 8, 2029

 Adi Nugroho           Direktur Human Capital      - SK-202/MBU/09/2024 dan KEP.            - 16 Mei 2025 – 15 Mei 2030
                       Director of Human           INJ.08.03.01/23/09/2024/A.0140             May 16, 2025 – May 15, 2030
                       Capital                     - SK-128/MBU/05/2025 dan KEP.            - 9 September 2024 – 8 September 2029
                                                   DU.01/08.03.01/16/05/2025                  September 9, 2024 – September 8, 2029

 Ristiyanto            Direktur Teknik             SK-128/MBU/05/2025 dan KEP.              16 Mei 2025 – 15 Mei 2030
 Eko Wibowo            Director of Engineering     DU.01/08.03.01/16/05/2025                May 16, 2025 – May 15, 2030

 Yanindya Bayu         Direktur Keuangan dan       SK-202/MBU/09/2024 dan KEP.              9 September 2024 – 8 September 2029
 Wirawan               Manajemen Risiko            INJ.08.03.01/23/09/2024/A.0140           September 9, 2024 – September 8, 2029
                       Director of Finance and
                       Risk Management


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        2025 Highlights     Management Report      About the Company        Management Discussion and Analysis     Corporate Governance




            Nama                  Jabatan                 Dasar Pengangkatan                               Masa Jabatan
            Name                 Position              Legal Base of Appointment                          Term of Office

       Agus Haryadi       Direktur Operasi          SK-128/MBU/05/2025 dan KEP.            16 Mei 2025 – 15 Mei 2030
                          Director of Operations    DU.01/08.03.01/16/05/2025              May 16, 2025 – May 15, 2030

       Ferry Kusnowo      Direktur Strategi         SK-202/MBU/09/2024 dan KEP.            9 September 2024 – 8 September 2029
                          dan Pengembangan          INJ.08.03.01/23/09/2024/A.0140         September 9, 2024 – September 8, 2029
                          Teknologi
                          Director of Strategy
                          and Technology
                          Development

       Veri Y. Setiady    Direktur Komersial        SK-128/MBU/05/2025 dan KEP.            16 Mei 2025 – 15 Mei 2030
                          Director of Commercial    DU.01/08.03.01/16/05/2025              May 16, 2025 – May 15, 2030




          Rapat Direksi
      Board of Directors Meetings

      Prosedur dan persyaratan rapat Direksi diatur dalam               The procedures and requirements for Board of Directors
      Board of Directors Charter. Ketentuan utama rapat                 meetings are governed by the Board of Directors Charter.
      adalah sebagai berikut:                                           The key provisions are as follows:
      1. Rapat Direksi wajib diselenggarakan secara berkala,            1. Board of Directors Meetings must be held periodically,
         paling sedikit 1 (satu) kali dalam setiap bulan, dan              at least 1 (one) time each month, and in such
         dalam rapat tersebut Direksi dapat mengundang                     meetings, the Board of Directors may invite the Board
         Dewan Komisaris.                                                  of Commissioners.
      2. Rapat Direksi diselenggarakan di tempat kedudukan              2. Board of Directors Meetings are held at the Company’s
         Perusahaan, di lokasi kegiatan usaha Perusahaan,                  domicile, business locations, or other locations within
         atau di tempat lain di wilayah Republik Indonesia, baik           the territory of the Republic of Indonesia, either
         secara tatap muka maupun secara daring (online).                  physically or virtually (online).
      3. Keputusan juga dapat diambil di luar Rapat Direksi             3. Decisions may also be made outside Board of Directors
         sepanjang seluruh anggota Direksi menyetujui cara                 Meetings, provided that all members of the Board of
         dan materi yang diputuskan.                                       Directors agree on the method and substance of the
                                                                           decisions.
      4. Direksi wajib menetapkan tata tertib Rapat Direksi.            4. The Board of Directors is required to establish rules of
                                                                           procedure for Board of Directors Meetings.
      5. Direksi dapat menyelenggarakan rapat sewaktu-                  5. The Board of Directors may convene meetings at
         waktu apabila dianggap perlu oleh 1 (satu) orang                  any time if deemed necessary by 1 (one) or more
         atau lebih anggota Direksi, atau atas permintaan                  members of the Board of Directors, or upon written
         tertulis dari 1 (satu) orang atau lebih anggota Dewan             request from 1 (one) or more members of the Board of
         Komisaris, atau atas permintaan tertulis dari 1 (satu)            Commissioners, or upon written request from 1 (one)
         orang atau lebih Pemegang Saham yang secara                       or more Shareholders representing at least 1/10 (one-
         bersama-sama mewakili 1/10 (satu per sepuluh) atau                tenth) or more of the total shares with voting rights.
         lebih dari jumlah seluruh saham dengan hak suara.
      6. Pemanggilan Rapat Direksi dilakukan secara tertulis            6. The notice for Board of Directors Meetings shall be
         oleh anggota Direksi yang berwenang mewakili                      made in writing by a member of the Board of Directors
         Perusahaan melalui Surat Undangan yang dibuat                     authorized to represent the Company through an
         dan ditandatangani oleh Sekretaris Perusahaan, serta              invitation letter prepared and signed by the Corporate
         disampaikan paling lambat 3 (tiga) hari sebelum                   Secretary, and delivered no later than 3 (three) days
         Rapat diselenggarakan atau dalam jangka waktu                     prior to the meeting, or within a shorter period in
         yang lebih singkat dalam kondisi mendesak, dengan                 urgent circumstances, excluding the date of notice
         tidak memperhitungkan tanggal pemanggilan dan                     and the meeting date, and must include the agenda,
         tanggal rapat, serta mencantumkan agenda, tanggal,                date, time, and venue of the meeting.
         waktu, dan tempat rapat.
      7. Pemanggilan rapat terlebih dahulu tidak disyaratkan            7. Prior notice of the meeting is not required if all
         apabila seluruh anggota Direksi hadir dalam rapat.                members of the Board of Directors are present at the
                                                                           meeting.




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  Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




8. Risalah Rapat Direksi wajib dibuat untuk setiap Rapat                   8. Minutes of Meeting must be prepared for every
    Direksi yang memuat seluruh hal yang dibahas dan                          Board of Directors Meeting, documenting all matters
    diputuskan dalam rapat, termasuk namun tidak                              discussed and resolved, including but not limited to
    terbatas pada pendapat yang berkembang dalam                              opinions expressed during the meeting, whether
    rapat, baik yang mendukung maupun yang tidak                              supporting or opposing, or dissenting opinions, as well
    mendukung atau pendapat berbeda (dissenting                               as the reasons for any absence of members, if any.
    opinion), serta alasan ketidakhadiran anggota Direksi
    apabila ada.
9. Risalah asli dari setiap Rapat Direksi wajib disimpan                   9. The original minutes of each Board of Directors
    oleh Perusahaan.                                                           Meeting must be retained by the Company.
10. Setiap anggota Direksi berhak memperoleh salinan                       10. Each member of the Board of Directors is entitled
    risalah Rapat Direksi, terlepas dari kehadiran atau                        to receive a copy of the minutes of the meeting,
    ketidakhadirannya dalam Rapat Direksi tersebut.                            regardless of whether the respective member
                                                                               attended the meeting.
11. Laporan Tahunan Perusahaan wajib memuat jumlah                         11. The Company’s Annual Report must disclose the No.
    Rapat Direksi serta tingkat kehadiran masing-masing                        of Board of Directors Meetings and the attendance
    anggota Direksi.                                                           rate of each member of the Board of Directors.




     Rencana dan Realisasi Rapat
Meeting Plan and Realization

Pada tahun 2025, Direksi telah menyelenggarakan 56                         In 2025, the Board of Directors conducted 56 (fifty six) of
(lima puluh enam) kali rapat Direksi dengan agenda                         Board of Directors meetings covering agendas such as
pembahasan isu strategis Perusahaan, Rencana Jangka                        the Company’s strategic issues, Long-Term Corporate
Panjang Perusahaan (RJPP), laporan manajemen berkala,                      Plan (RJPP), periodic management reports, appointment
penetapan Kantor Akuntan Publik (KAP), kepatuhan                           of Public Accounting Firms, regulatory compliance,
terhadap peraturan perundang-undangan, usulan                              proposals from the Board of Directors, the 2025 work
Direksi, rencana kerja tahun 2025, tindak lanjut temuan                    plan, follow-up on audit findings, urgent matters, as
audit, permasalahan mendesak, serta pemantauan                             well as monitoring subsidiary performance and risk
kinerja anak perusahaan dan manajemen risiko.                              management.



Frekuensi dan Absensi Rapat Direksi                                        Meetings Frequency and Attendance
                                                                           of the Board of Directors
Adapun kehadiran rapat anggota Direksi pada tahun                          The attendance of the Board of Directors’ meeting in 2025
2025 adalah sebagai berikut:                                               is as follows:

                                                     Rapat Internal Direksi
                                             Internal Meetings of the Board of Directors


  Nama Anggota                  Jabatan                    Keterangan                     Jumlah        Jumlah          Persentase
  Member Name                   Position                   Description                     Wajib       Kehadiran        Kehadiran
                                                                                           Rapat         Rapat            Rapat
                                                                                         Number of     Number          Percentage
                                                                                         Obligatory   of Meeting       of Meeting
                                                                                         Meetings     Attendance       Attendance

 Mohammad               Direktur Utama             Menjabat sejak                           41            38              93%
 Rizal Pahlevi          President Director         9 September 2024
                                                   Appointed as of
                                                   September 9, 2024

 Achmad Syahir          Wakil Direktur             Menjabat sejak                           41            39              95%
                        Utama                      9 September 2024
                        Vice President             Appointed as of
                        Director                   September 9, 2024




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   335
Page 336
        Ikhtisar 2025     Laporan Manajemen       Tentang Perusahaan        Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights   Management Report       About the Company         Management Discussion and Analysis    Corporate Governance




        Nama Anggota            Jabatan                  Keterangan                 Jumlah             Jumlah         Persentase
        Member Name             Position                 Description                 Wajib            Kehadiran       Kehadiran
                                                                                     Rapat              Rapat           Rapat
                                                                                   Number of          Number          Percentage
                                                                                   Obligatory        of Meeting       of Meeting
                                                                                   Meetings          Attendance       Attendance

      Adi Nugroho         Direktur Human         Menjabat sejak                        29                 28             97%
                          Capital                16 Mei 2025
                          Director of            Appointed as of
                          Human Capital          May 16, 2025

      Ristiyanto Eko      Direktur Teknik        Menjabat sejak                        29                 29             100%
      Wibowo              Director of            16 Mei 2025
                          Engineering            Appointed as of
                                                 May 16, 2025

      Yanindya Bayu       Direktur Keuangan      Menjabat sejak                        41                 39             95%
      Wirawan             dan Manajemen          9 September 2024
                          Risiko                 Appointed as of
                          Director of            September 9, 2024
                          Finance and Risk
                          Management

      Agus Haryadi        Direktur Operasi       Menjabat sejak                        29                 29             100%
                          Director of            16 Mei 2025
                          Operations             Appointed as of
                                                 May 16, 2025

      Ferry Kusnowo       Direktur               Menjabat sejak                        41                40              98%
                          Strategi dan           9 September 2024
                          Pengembangan           Appointed as of
                          Teknologi              September 9, 2024
                          Director of Strategy
                          and Technology
                          Development

      Veri Y. Setiady     Direktur Komersial     Menjabat sejak                        29                 28             97%
                          Director of            16 Mei 2025
                          Commercial             Appointed as of
                                                 May 16, 2025

      Faik Fahmi          Direktur Utama         Menjabat hingga                       12                 12             100%
                          President Director     15 Mei 2025
                                                 Term of appointment
                                                 ended as of May 15, 2025

      Wendo Asrul         Direktur Operasi       Menjabat hingga                       12                 10             83%
      Rose                Director of            15 Mei 2025
                          Operations             Term of appointment
                                                 ended as of May 15, 2025

      Muhammad            Direktur Teknik        Menjabat hingga                       12                 12             100%
      Suriawan Wakan      Director of            15 Mei 2025
                          Engineering            Term of appointment
                                                 ended as of May 15, 2025




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                                      Rapat Gabungan dengan Dewan Komisaris
                                       Joint Meetings with the Board of Commissioners


 Nama Anggota                  Jabatan                     Keterangan                    Jumlah         Jumlah        Persentase
 Member Name                   Position                    Description                  Wajib Rapat    Kehadiran      Kehadiran
                                                                                        Number of        Rapat          Rapat
                                                                                        Obligatory     Number         Percentage
                                                                                         Meetings     of Meeting      of Meeting
                                                                                                      Attendance      Attendance

Mohammad               Direktur Utama             Menjabat sejak                            15            15            100%
Rizal Pahlevi          President Director         9 September 2024
                                                  Appointed as of
                                                  September 9, 2024

Achmad Syahir          Wakil Direktur             Menjabat sejak                            15            15            100%
                       Utama                      9 September 2024
                       Vice President             Appointed as of
                       Director                   September 9, 2024

Adi Nugroho            Direktur Human             Menjabat sejak                            10            10            100%
                       Capital                    16 Mei 2025
                       Director of                Appointed as of
                       Human Capital              May 16, 2025

Ristiyanto Eko         Direktur Teknik            Menjabat sejak                            10            10            100%
Wibowo                 Director of                16 Mei 2025
                       Engineering                Appointed as of
                                                  May 16, 2025

Yanindya Bayu          Direktur Keuangan          Menjabat sejak                            15            15            100%
Wirawan                dan Manajemen              9 September 2024
                       Risiko                     Appointed as of
                       Director of                September 9, 2024
                       Finance and Risk
                       Management

Agus Haryadi           Direktur Operasi           Menjabat sejak                            10            10            100%
                       Director of                16 Mei 2025
                       Operations                 Appointed as of
                                                  May 16, 2025

Ferry Kusnowo          Direktur                   Menjabat sejak                            15            15            100%
                       Strategi dan               9 September 2024
                       Pengembangan               Appointed as of
                       Teknologi                  September 9, 2024
                       Director of Strategy
                       and Technology
                       Development

Veri Y. Setiady        Direktur Komersial         Menjabat sejak                            10            10            100%
                       Director of                16 Mei 2025
                       Commercial                 Appointed as of
                                                  May 16, 2025

Faik Fahmi             Direktur Utama             Menjabat hingga 15 Mei 2025               5              5            100%
                       President Director         Term of appointment
                                                  ended as of May 15, 2025

Wendo Asrul            Direktur Operasi           Menjabat hingga 15 Mei 2025               5              5            100%
Rose                   Director of                Term of appointment
                       Operations                 ended as of May 15, 2025

Muhammad               Direktur Teknik            Menjabat hingga 15 Mei 2025               5              5            100%
Suriawan Wakan         Director of                Term of appointment
                       Engineering                ended as of May 15, 2025




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   337
Page 338
        Ikhtisar 2025          Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights        Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




      Agenda Rapat Internal                                                 Internal Meeting Agenda

      Pada tahun 2025, Direksi telah menyelenggarakan 41                    In 2025, the Board of Directors held 41 (forty-one) Board of
      (empat puluh satu) rapat internal Direksi dengan agenda               Directors internal meetings with agendas as presented in
      sebagaimana tercantum dalam tabel berikut.                            the following table.


       No.        Tanggal Rapat                                                  Agenda Rapat
                  Meeting Date                                                  Meeting Agenda

        1.   7 Januari 2025             1.   Pembahasan umum
             January 7, 2025            2.   Laporan progress pekerjaan Terminal Umroh 2F CGK
                                        3.   Laporan kondisi assessment fasilitas EEME dan bangunan gedung T1B CGK
                                        4.   Pelaksanaan revitalisasi Terminal 1B
                                        5.   Update hasil review konsesi jasa kebandarudaraan
                                        6.   Rapat terbatas DH
                                        1.   General discussion
                                        2.   Progress report on Umrah Terminal 2F CGK works
                                        3.   Assessment report on EEME facilities and T1B CGK building conditions
                                        4.   Implementation of Terminal 1B revitalization
                                        5.   Update on airport service concession review results
                                        6.   Restricted meeting DH


       2.    21 Januari 2025            1. Pembahasan umum
             January 21, 2025           2. Strategi optimalisasi operasional dan kapasitas Bandara DPS
                                        3. Pembahasan materi rapat gabungan BOC BOD: Progres pelaksanaan audit oleh KAP
                                            dan laporan kinerja
                                        4. Pemberian insentif direksi, dewan komisaris dan pegawai PT Bandara Internasional
                                            Batam tahun anggaran
                                        5. Rencana partisipasi PT AP Indonesia dalam proyek KPBU Singkawang
                                        6. Pemanfaatan gedung Grha Kemayoran oleh PTIASH
                                        7. Persiapan rapat pimpinan tahun 2025
                                        8. Pembahasan update temuan BPK RI (Agenda terbatas)
                                        9. Cut off proses pengadaan barang dan/atau jasa
                                        10. Pemilihan karya jingle InJourney Airports
                                        1. General discussion
                                        2. Operational and capacity optimization strategy for DPS Airport
                                        3. Discussion on BOC-BOD joint meeting materials: Audit progress by KAP and
                                            performance reports
                                        4. Provision of incentives for directors, board of commissioners, and employees of PT
                                            Batam International Airport for the fiscal year
                                        5. PT AP Indonesia’s participation plan in the Singkawang PPP project
                                        6. Utilization of Grha Kemayoran building by PTIASH
                                        7. Preparation for the 2025 leadership meeting
                                        8. Discussion on BPK RI findings update (Restricted agenda)
                                        9. Cut-off for goods and/or services procurement process
                                        10. Selection of InJourney Airports jingle works


       3.    4 Februari 2025            1.   Pembahasan umum
             February 4, 2025           2.   Penyampaian hasil LPJK gedung parkir Bandara Ahmad Yani Semarang
                                        3.   Update kajian HBU & visioning master plan 6 bandara
                                        4.   Rapat terbatas HC
                                        5.   Penyampaian usulan program transformasi 2025
                                        6.   Progress report legal drafting dokumen tata kelola utama
                                        7.   Penyelarasan kontrak kerja sama pemungutan PSC antara IATA dan API
                                        8.   Roadmap risk management
                                        1.   General discussion
                                        2.   Presentation of LPJK results for Ahmad Yani Airport Semarang parking building
                                        3.   Update on HBU study & visioning master plan for 6 airports
                                        4.   Restricted meeting HC
                                        5.   Submission of 2025 transformation program proposal
                                        6.   Progress report on legal drafting of primary governance documents
                                        7.   Alignment of PSC collection cooperation contract between IATA and API
                                        8.   Risk management roadmap




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No.       Tanggal Rapat                                                         Agenda Rapat
           Meeting Date                                                        Meeting Agenda

4.    11 Februari 2025              1. Rapat terbatas HC
      February 11, 2025             2. Update progress kerja sama strategis Bandara KNO
                                    3. Progress pengembangan terminal dan kesiapan angkutan lebaran Bandara UPG
                                    4. Pekerjaan relayout SCP 2, CSP (Commercial Space
                                       Plan), dan fasilitas pendukung Bandara YIA
                                    1. Restricted meeting HC
                                    2. Progress update on KNO Airport strategic cooperation
                                    3. Terminal development progress and Eid transport readiness for UPG Airport
                                    4. Relayout of SCP 2, CSP (Commercial Space Plan), and supporting facilities at YIA Airport

5.    18 Februari 2025              1.   Pembahasan umum
      February 18, 2025             2.   Rekonstruksi runway dan taxiway Bandara SUB
                                    3.   Laporan progress pekerjaan optimalisasi tahap II Bandara DPS
                                    4.   Progress penyusunan kajian hidrologi dan sistem drainase dalam upaya
                                         pengendalian limpasan air hujan pada saat cuaca ekstrim di Bandara CGK
                                    5.   Laporan kondisi dan penanganan Skytrain Bandara CGK
                                    6.   KPI korporasi 2025 & realisasi KPI 2024
                                    7.   Rapat terbatas HC
                                    1.   General discussion
                                    2.   Reconstruction of runway and taxiway at SUB Airport
                                    3.   Progress report on Phase II optimization works at DPS Airport
                                    4.   Progress on hydrology and drainage system study for rainwater runoff control during
                                         extreme weather at CGK Airport
                                    5.   Status and handling report for CGK Airport Skytrain
                                    6.   2025 Corporate KPI & 2024 KPI realization
                                    7.   Restricted meeting HC

6.    25 Februari 2025              1.   Pembahasan umum
      February 25, 2025             2.   Tindak lanjut program transformasi 2025
                                    1.   General discussion
                                    2.   Follow-up on the 2025 transformation program

7.    4 Maret 2025                  1.   Kawasan Ekonomi Khusus YIA
      March 4, 2025                 2.   Laporan progress basic design revamp Bandara YIA
                                    3.   Update kajian pengembangan ultimate Bandara DPS
                                    4.   Update persiapan operasi dan teknik pengoperasian Terminal 1B Bandara CGK
                                    5.   Seamless and secure umrah journey experience
                                    1.   YIA Special Economic Zone
                                    2.   Progress report on YIA Airport revamp basic design
                                    3.   Update on DPS Airport ultimate development study
                                    4.   Update on operation preparation and technical operation of Terminal 1B CGK Airport
                                    5.   Seamless and secure Umrah journey experience

8.    18 Maret 2025                 1.   Pembahasan umum
      March 18, 2025                2.   Rapat terbatas HC
                                    3.   Kesiapan audit Skytrax Bandara CGK dan Bandara DPS
                                    4.   Update kamus KPI terkait target finansial perusahaan/korporasi
                                    5.   Inisiasi pengadaan konsultan kajian keuangan dan investasi Bandara YIA
                                    1.   General discussion
                                    2.   Restricted meeting HC
                                    3.   Skytrax audit readiness for CGK and DPS Airports
                                    4.   Update on KPI dictionary related to corporate financial targets
                                    5.   Initiation of consultant procurement for YIA Airport financial and investment study

9.    15 April 2025                 1.   Update laporan program strategis asset management
      April 15, 2025                2.   Update terkait: Draft perpanjangan kerjasama KSO HLP s.d. Februari 2026
                                    1.   Progress report update on strategic asset management program
                                    2.   Update regarding: Draft extension of HLP KSO cooperation until February 2026




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   339
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        Ikhtisar 2025         Laporan Manajemen       Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights       Management Report       About the Company       Management Discussion and Analysis   Corporate Governance




       No.        Tanggal Rapat                                                Agenda Rapat
                  Meeting Date                                               Meeting Agenda

       10.   29 April 2025             1.   Pembahasan materi rapat gabungan: a. Persiapan Rapat Umum Pemegang Saham
             April 29, 2025                 Tahunan PT Angkasa Pura
                                       2.   Rapat terbatas
                                       3.   Skenario pemindahan 50% penerbangan Citilink dari HLP ke T1B CGK dan Batik Air dari
                                            HLP ke TZD CGK
                                       4.   Update terkait: a) Hasil legal opinion Jamdatun terhadap
                                            PBF BRIDS; b) Setoran modal BIB 2024
                                       5.   Update hasil survey JAC MLIT sehubungan dengan rencana kerja
                                            sama strategis pengembangan Bandara BPN dan IKN
                                       6.   Update proses KPBU Bandara Singkawang
                                       7.   Radirtas: Tindak lanjut pelaksanaan monostatus
                                            karyawan perbantuan API di PT AVI KNO
                                       1.   Discussion on joint meeting materials: a. Preparation for PT Angkasa Pura Annual
                                            General Meeting of Shareholders
                                       2.   Restricted meeting
                                       3.   Scenario for relocating 50% of Citilink flights from HLP to T1B CGK and Batik Air from
                                            HLP to TZD CGK
                                       4.   Update regarding: a) Jamdatun legal opinion on PBF BRIDS; b). BIB 2024 capital injection
                                       5.   Update on JAC MLIT survey results regarding BPN and IKN Airports strategic
                                            development cooperation plan
                                       6.   Update on Singkawang Airport PPP process
                                       7.   Restricted meeting: Follow-up on monostatus implementation for API seconded
                                            employees at PT AVI KNO

       11.   6 Mei 2025                1.   Rapat terbatas
             May 6, 2025               2.   Pembahasan seragam
                                       3.   Update penyelesaian permasalahan aset berupa tanah dengan TNI AU di UPG
                                       4.   Update kajian HBU & visioning master plan 6 bandara
                                       1.   Restricted meeting
                                       2.   Discussion on uniforms
                                       3.   Update on land asset dispute resolution with TNI AU at UPG
                                       4.   Update on HBU study & visioning master plan for 6 airports

       12.   14 Mei 2025               1.   Penggunaan laba bersih dan update hasil stress test
             May 14, 2025              2.   Update pekerjaan penyusunan RJPP API
                                       3.   Progress penyusunan dan pengesahan peraturan direksi Angkasa Pura Indonesia
                                       4.   Update rencana optimalisasi YIA dan/atau bandara AP
                                            Indonesia lainnya melalui kerjasama strategis
                                       5.   Update follow-up design dan rencana pelaksanaan transformasi Bandara DPS fase 2
                                       6.   Update rencana revitalisasi Bandara BKS
                                       1.   Utilization of net profit and stress test results update
                                       2.   Update on the preparation of API’s Long-Term Corporate Plan (RJPP)
                                       3.   Progress on drafting and ratifying Angkasa Pura Indonesia board regulations
                                       4.   Update on optimization plans for YIA and/or other AP
                                            Indonesia airports through strategic cooperation
                                       5.   Update on design follow-up and implementation plan
                                            for DPS Airport Phase 2 transformation
                                       6.   Update on BKS Airport revitalization plan

       13.   20 Mei 2025               1. Pembahasan umum
             May 20, 2025              2. Peraturan direksi Standar Operasional Prosedur (SOP)
                                          tentang tata kelola dan batas kewenangan
                                       3. Laporan progres komitmen investasi bandara KSP BMN
                                       4. Executive summary kinerja keuangan API YTD April 2025
                                       1. General discussion
                                       2. Board regulation on SOP for governance and authority limits
                                       3. Progress report on airport investment commitments for BMN utilization (KSP)
                                       4. Executive summary of API financial performance YTD April 2025




340   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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No.       Tanggal Rapat                                                         Agenda Rapat
           Meeting Date                                                        Meeting Agenda

14.   27 Mei 2025                   1. Pembahasan umum
      May 27, 2025                  2. Pembahasan materi rapat gabungan BOD BOC: a) Materi pengenalan kepada direksi
                                       dan komisaris (profil perusahaan, kinerja keuangan dan ops, tugas dan kewenangan
                                       direksi dan komisaris, GCG); b) Persiapan RUPS pertanggungjawaban tahun 2024
                                    3. Radirtas organisasi
                                    4. Pembahasan rencana addendum perjanjian kerjasama
                                       operasional pengelolaan dan pengoperasian HLP
                                    5. Peraturan direksi Standar Operasional Prosedur (SOP) tentang tata
                                       kelola dan batas kewenangan kerjasama kegiatan usaha
                                    1. General discussion
                                    2. Discussion on BOD-BOC joint meeting materials: a) Induction materials for
                                       directors and commissioners (corporate profile, financial and ops performance,
                                       duties and authorities, GCG); b) Preparation for 2024 accountability AGM
                                    3. Restricted board meeting on organization
                                    4. Discussion on the planned addendum to the HLP management
                                       and operation cooperation agreement
                                    5. Board regulation on SOP for governance and authority
                                       limits in business activities cooperation

15.   3 Juni 2025                   1.   Arahan direksi kepada para senior leader
      June 3, 2025                  2.   Pembahasan umum
                                    3.   Pembahasan keikutsertaan dalam International Conference Infrastructure (ICI) 2025
                                    4.   Procurement end state dan persetujuan PPBJ
                                    5.   Penentuan pemenang Jingle InJourney Airports Competition
                                    1.   Board directives to senior leaders
                                    2.   General discussion
                                    3.   Discussion on participation in International Conference Infrastructure (ICI) 2025
                                    4.   Procurement end state and PPBJ approval
                                    5.   Determination of InJourney Airports Jingle Competition winner

16.   10 Juni 2025                  1. Pembahasan umum
      June 10, 2025                 2. Tindak lanjut laporan akhir LPJK untuk perkuatan Gd. Kargo dan Gd. Parkir Bandara
                                       Ahmad Yani Semarang (Agenda terbatas)
                                    3. Persiapan pelaksanaan RUPS pertanggungjawaban tahun buku 2024
                                    4. Progress revitalisasi Bandara CGK dan quick win area check-in T3
                                    1. General discussion
                                    2. Follow-up on LPJK final report for strengthening the cargo and parking buildings at
                                       Ahmad Yani Airport Semarang (Restricted agenda)
                                    3. Preparation for the 2024 fiscal year accountability AGM
                                    4. CGK Airport revitalization progress and T3 check-in area quick wins

17.   17 Juni 2025                  1. Pembahasan umum
      June 17, 2025                 2. Update penyelesaian pengakhiran perjanjian kerja sama PT
                                       Sanggraha Daksamitra (Soewarna Business Park)
                                    3. Perpanjangan perjanjian kerja sama inflight catering
                                       dengan PT Purantara Mitra Angkasa Dua
                                    4. Seleksi mitra hanggar MRO CGK
                                    5. Update kinerja keuangan YTD Mei 25 & usulan kebijakan cost leadership
                                    6. Management fee pelayanan jasa intra group InJourney
                                    7. KNO monostatus - biaya pegawai yang tidak terserap di KNO
                                    8. Tindak lanjut pembayaran BRIDS for perjanjian JV KNO
                                    9. Tindak lanjut arahan dari Danantara
                                    1. General discussion
                                    2. Update on the termination settlement of cooperation agreement with PT Sanggraha
                                       Daksamitra (Soewarna Business Park)
                                    3. Extension of inflight catering cooperation agreement with PT Purantara Mitra Angkasa Dua
                                    4. MRO hangar partner selection at CGK
                                    5. Financial performance update YTD May 25 & cost leadership policy proposal
                                    6. Management fee for InJourney intra-group services
                                    7. KNO monostatus - unabsorbed personnel costs at KNO
                                    8. Follow-up on BRIDS payment for the KNO JV agreement
                                    9. Follow-up on directives from Danantara




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   341
Page 342
        Ikhtisar 2025        Laporan Manajemen       Tentang Perusahaan    Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights      Management Report       About the Company     Management Discussion and Analysis   Corporate Governance




       No.        Tanggal Rapat                                            Agenda Rapat
                  Meeting Date                                            Meeting Agenda

       18.   24 Juni 2025             1. Pembahasan umum
             June 24, 2025            2. Pembahasan materi rapat gabungan: Roadmap manajemen risiko; Manajemen
                                         cash flow sampai dengan akhir tahun; Updating quick win Bandara CGK dan DPS
                                      3. Persetujuan addendum fasilitas non-cash loan
                                      4. Pembahasan rencana perpanjangan runway Bandara Syamsudin Noor Banjarmasin
                                         serta kajian hibah penerimaan capex (perpanjangan runway) yang berasal dari APBD
                                      5. Rencana penempatan brand mitra usaha di Terminal 1C KC CGK
                                      6. Rapat terbatas
                                      1. General discussion
                                      2. Discussion on joint meeting materials: Risk management roadmap; Cash flow
                                         management until year-end; Updating quick wins for CGK and DPS Airports
                                      3. Approval of non-cash loan facility addendum
                                      4. Discussion on the runway extension plan for Syamsudin Noor Airport
                                         Banjarmasin and the study on capex grant (runway extension) from APBD
                                      5. Plan for business partner brand placement in Terminal 1C KC CGK
                                      6. Restricted meeting

       19.   1 Juli 2025              1.   Pembahasan umum
             July 1, 2025             2.   Rapat terbatas
                                      3.   Usulan commercial land use plan ex. Bandar Udara Selaparang
                                      4.   Update rencana kerja sama strategis terkait pengoperasian Bandara
                                           Francisco Bangoy International Airport - Davao, Filipina
                                      5.   Pembahasan program 100 hari direksi InJourney Airports
                                      6.   Persiapan audit Skytrax 2025
                                      7.   Update progres penanganan banjir saat kondisi cuaca ekstrim di CGK
                                      8.   Update unit asset management
                                      1.   General discussion
                                      2.   Restricted meeting
                                      3.   Proposed commercial land use plan for the former Selaparang Airport
                                      4.   Update on strategic cooperation plan for the operation of Francisco
                                           Bangoy International Airport - Davao, Philippines
                                      5.   Discussion on InJourney Airports’ 100-day board program
                                      6.   Preparation for Skytrax 2025 audit
                                      7.   Progress update on flood handling during extreme weather conditions at CGK
                                      8.   Asset management unit update

       20.   8 Juli 2025              1. Pembahasan umum
             July 8, 2025             2. Update progres penyelesaian peraturan Direksi
                                      3. Penyampaian hasil reviu BPKP dan keputusan penyelesaian permasalahan dengan
                                         PT Taurus Gemilang
                                      1. General discussion
                                      2. Progress update on finalizing the Board of Directors regulations
                                      3. Presentation of BPKP review results and decision on dispute resolution with PT Taurus
                                         Gemilang

       21.   15 Juli 2025             1.   Pembahasan umum
             July 15, 2025            2.   Update progres penyelesaian peraturan Direksi
                                      3.   KPI kolegial & individual direksi tahun 2025
                                      4.   Pembahasan kinerja keuangan YTD Juni 25, usulan revisi investasi & penyesuaian
                                           umur ekonomis aset
                                      5.   Laporan kinerja Dapenda, Dapenra, YAKKAP
                                      6.   Strategi peningkatan kapasitas sisi udara DPS
                                      1.   General discussion
                                      2.   Progress update on finalizing the Board of Directors regulations
                                      3.   2025 collegial & individual board KPIs
                                      4.   Discussion on financial performance YTD June 25, proposed
                                           investment revision & adjustment of asset useful life
                                      5.   Performance report for Dapenda, Dapenra, YAKKAP
                                      6.   DPS airside capacity increase strategy




342   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




No.        Tanggal Rapat                                                          Agenda Rapat
           Meeting Date                                                         Meeting Agenda

22.   22 Juli 2025                   1.   Pembahasan umum
      July 22, 2025                  2.   Usulan revisi RKAP 2025
                                     3.   Update progres pekerjaan revamp YIA
                                     4.   Update progres penyelesaian peraturan Direksi
                                     5.   Indonesia connectivities
                                     6.   Tindak lanjut hasil re-compose Jingle InJourney Airports
                                     1.   General discussion
                                     2.   Proposed revision of 2025 RKAP
                                     3.   Progress update on YIA revamp works
                                     4.   Progress update on finalizing the Board of Directors regulations
                                     5.   Indonesia connectivities
                                     6.   Follow-up on InJourney Airports Jingle re-composition results

23.   29 Juli 2025                   1. Pembahasan umum
      July 29, 2025                  2. Pembahasan materi rapat gabungan BOD BOC: Rencana perpindahan penerbangan
                                         HLP ke CGK
                                     3. Pembahasan konsultasi transformasi
                                     4. Persetujuan commercial land use plan lahan Semambung - SUB
                                     5. Rapat terbatas
                                     6. Pembahasan capaian target RKAP (Revenue enhancement)
                                     7. Overview pemanfaatan BMN/D di lingkungan PT Angkasa Pura Indonesia
                                     8. Notifikasi awal penambahan peran Direktorat Keuangan di InJourney
                                     9. Update progres penyelesaian peraturan Direksi
                                     10. Tindak lanjut hasil review Jingle InJourney Airports
                                     1. General discussion
                                     2. Discussion on joint meeting materials: Plan for flight relocation from HLP to CGK
                                     3. Discussion on transformation consultancy
                                     4. Approval of commercial land use plan for Semambung land - SUB
                                     5. Restricted meeting
                                     6. Discussion on RKAP target achievements (Revenue enhancement)
                                     7. Overview of BMN/D utilization within PT Angkasa Pura Indonesia environment
                                     8. Preliminary notification of additional role for the Finance Directorate in InJourney
                                     9. Progress update on finalizing the Board of Directors regulations
                                     10. Follow-up on InJourney Airports Jingle review results

24.   5 Agustus 2025                 1.   Pembahasan umum
      August 5, 2025                 2.   Rapat terbatas
                                     3.   Pembahasan materi pertemuan dengan Danantara
                                     4.   Update seleksi mitra usaha pengelola kawasan business park
                                     5.   Pembahasan tindak lanjut temuan audit atas kegiatan PT Angkasa Aviasi Service & PT
                                          Batam Aero Teknik
                                     6.   Penyusunan usulan RKAP tahun 2026 PT Angkasa Pura Indonesia
                                     7.   Update progres penyelesaian peraturan Direksi
                                     8.   Update progres persiapan pengoperasian Terminal 1C CGK
                                     1.   General discussion
                                     2.   Restricted meeting
                                     3.   Discussion on materials for meeting with Danantara
                                     4.   Update on business park area management partner selection
                                     5.   Discussion on follow-up of audit findings for PT Angkasa Aviasi Service & PT Batam Aero
                                          Teknik activities
                                     6.   Preparation of the 2026 RKAP proposal for PT Angkasa Pura Indonesia
                                     7.   Progress update on finalizing the Board of Directors regulations
                                     8.   Progress update on Terminal 1C CGK operation readiness

25.   12 Agustus 2025                1.   Pembahasan umum
      August 12, 2025                2.   Presentasi terkait renewable energy (PLTS Rooftop)
                                     3.   Update progress seleksi Soewarna Business Park
                                     4.   Laporan analisa awal kelayakan Bandar Udara Notohadinegoro Jember
                                     5.   Peningkatan kapasitas DPS
                                     6.   Update progres persiapan pengoperasian Terminal 1C CGK
                                     1.   General discussion
                                     2.   Presentation on renewable energy (Rooftop Solar PV)
                                     3.   Progress update on Soewarna Business Park selection
                                     4.   Preliminary feasibility analysis report for Notohadinegoro Airport Jember
                                     5.   DPS capacity increase
                                     6.   Progress update on finalizing the Board of Directors regulations




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   343
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        Ikhtisar 2025       Laporan Manajemen     Tentang Perusahaan    Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights     Management Report     About the Company     Management Discussion and Analysis   Corporate Governance




       No.        Tanggal Rapat                                         Agenda Rapat
                  Meeting Date                                         Meeting Agenda

       26.   19 Agustus 2025         1. Pembahasan umum
             August 19, 2025         2. Penyampaian progress update laporan final study Highest Best Use (HBU) dan
                                        visioning masterplan di Bandara CGK dan DPS
                                     3. Upaya peningkatan pendapatan aero di bandara Angkasa Pura Indonesia
                                     4. Rapat terbatas
                                     5. Pembahasan capaian target RKAP (Revenue enhancement)
                                     6. Pembahasan usulan RKAP 2026
                                     7. Update progres penyelesaian peraturan Direksi
                                     1. General discussion
                                     2. Submission of progress update on the final Highest Best Use (HBU)
                                        study and visioning masterplan for CGK and DPS Airports
                                     3. Efforts to increase aero revenue at Angkasa Pura Indonesia airports
                                     4. Restricted meeting
                                     5. Discussion on RKAP target achievements (Revenue enhancement)
                                     6. Discussion on the 2026 RKAP proposal
                                     7. Progress update on finalizing the Board of Directors regulations

       27.   26 Agustus 2025         1. Pembahasan umum
             August 26, 2025         2. Pembahasan materi Danantara: a) Kinerja keuangan tahun 2024 dan YTD Juli 2025; b)
                                        Pengembangan bandara prioritas (CGK, DPS, SUB); c) Update Yogyakarta International
                                        Airport (YIA); d) Update kerjasama Bandara Kualanamu (KNO); e) Revenue & operation
                                        (Length of stay)
                                     3. Pembahasan materi rapat gabungan BOD BOC: a) Pembahasan pemetaan
                                        pengelolaan aset tetap perusahaan; b)Pembahasan usulan Rencana Kerja dan
                                        Anggaran Perusahaan (RKAP) tahun 2026
                                     4. Permohonan persetujuan pakaian seragam dinas karyawan
                                     5. Pembahasan materi pertemuan dengan BOC InJourney (Strategic capex pendukung
                                        program transformasi, CX, fasilitas bandara)
                                     6. Update progres penyelesaian peraturan Direksi
                                     1. General discussion
                                     2. Discussion on Danantara materials: a) 2024 and YTD July 2025 financial
                                        performance; b) Priority airport development (CGK, DPS, SUB); c. YIA update; d)
                                        KNO Airport cooperation update; e) Revenue & operations (Length of stay)
                                     3. Discussion on joint meeting materials: a) Company fixed asset management mapping;
                                        b) Proposed 2026 RKAP
                                     4. Request for approval of employee official uniforms
                                     5. Discussion on materials for BOC InJourney meeting (Strategic
                                        capex for transformation, CX, airport facilities)
                                     6. Progress update on finalizing the Board of Directors regulations

       28.   2 September 2025        1. Pembahasan umum
             September 2, 2025       2. Kebijakan stimulus ekonomi sektor transportasi udara pada periode Natal 2025 dan
                                        Tahun Baru 2026
                                     3. a. IMPACX; b. Rewards and punishments (Agenda terbatas)
                                     4. Penambahan KPI aspirasi pemegang saham & penyesuaian aksi korporasi 2025
                                     5. Analisa kapasitas terminal Bandara Soekarno-Hatta
                                     6. Pembahasan capaian target RKAP (Revenue enhancement)
                                     7. Update progres penyelesaian peraturan Direksi
                                     8. Pemaparan rencana strategi TI (Masterplan TI) 2025-2029
                                     1. General discussion
                                     2. Economic stimulus policy for the air transport sector
                                        during Christmas 2025 and New Year 2026
                                     3. a. IMPACX; b. Rewards and punishments (Restricted agenda)
                                     4. Addition of shareholder aspiration KPIs & adjustment of 2025 corporate actions
                                     5. Terminal capacity analysis for Soekarno-Hatta Airport
                                     6. Discussion on RKAP target achievements (Revenue enhancement)
                                     7. Progress update on finalizing the Board of Directors regulations
                                     8. Presentation of IT strategy plan (IT Masterplan) 2025-2029




344   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




No.        Tanggal Rapat                                                          Agenda Rapat
           Meeting Date                                                         Meeting Agenda

29.   9 September 2025               1.   Pembahasan umum
      September 9, 2025              2.   Update progres penyelesaian peraturan Direksi
                                     3.   Pembahasan materi pertemuan dengan BOD IAS: Fibag dan Labag
                                     4.   Struktur transaksi inbreng PT AP Indonesia dengan PT GMF
                                     5.   Pembahasan materi Rapat Dengar Pendapat (RDP) Komisi VI DPR RI: a) Kinerja
                                          korporasi semester I tahun 2025; b) Rencana kerja dan roadmap korporasi tahun 2025
                                     6.   Penambahan KPI 2025 atas aspirasi pemegang saham
                                     1.   General discussion
                                     2.   Progress update on finalizing the Board of Directors regulations
                                     3.   Discussion on BOD IAS meeting materials: Fibag and Labag
                                     4.   Inbrenc transaction structure between PT AP Indonesia and PT GMF
                                     5.   Discussion on materials for Indonesian Parliament (DPR RI) Commission VI hearing:
                                          a) Corporate performance 1st half of 2025; b) 2025 corporate roadmap and work plan
                                     6.   Addition of 2025 shareholder aspiration KPIs

30.   16 September 2025              1. Pembahasan HUT ke-1 API
      September 16, 2025             2. Pembahasan Fibag dan Labag
                                     3. Update pekerjaan connecting bridge internasional - domestik DPS & pekerjaan
                                        infrastruktur pendukung water taxi DPS
                                     1. Discussion on API’s 1st Anniversary
                                     2. Discussion on Fibag and Labag
                                     3. Update on DPS international-domestic connecting bridge works & water taxi supporting
                                        infrastructure

31.   23 September 2025              1.   Pembahasan umum
      September 23, 2025             2.   Usulan KPI 2026
                                     3.   Pembahasan review rencana induk Bandara Soekarno-Hatta CGK
                                     4.   Pemaparan desain optimalisasi DPS tahap II dan koridor penghubung terminal
                                          domestik dan terminal internasional
                                     5.   Update progres penyelesaian peraturan Direksi
                                     6.   Progress perencanaan beautifikasi Terminal Internasional Minangkabau
                                     7.   Operasional Terminal 1C CGK
                                     8.   Pembahasan capaian target RKAP (Revenue enhancement dan cost leadership)
                                     1.   General discussion
                                     2.   Proposed 2026 KPIs
                                     3.   Discussion on the CGK Soekarno-Hatta Airport master plan review
                                     4.   Presentation on Phase II DPS optimization design and domestic-international terminal
                                          connecting corridor
                                     5.   Progress update on finalizing the Board of Directors regulations
                                     6.   Progress on Minangkabau International Terminal beautification planning
                                     7.   Terminal 1C CGK operation
                                     8.   Discussion on RKAP target achievements (Revenue enhancement and cost leadership)

32.   30 September 2025              1. Pembahasan umum
      September 30, 2025             2. Pembahasan materi rapat gabungan BOD BOC: a) Rencana inbreng lahan PT Angkasa
                                        Pura Indonesia kepada GMF; b) Usulan RKAP 2026; c) Rencana operasional Terminal
                                        1C CGK
                                     3. Update progres penyelesaian peraturan Direksi
                                     4. Update program transformasi
                                     5. Rapat terbatas
                                     1. General discussion
                                     2. Discussion on joint meeting materials: a) Land inbrenc plan from PT AP Indonesia to
                                        GMF; b) Proposed 2026 RKAP; c) Terminal 1C CGK operation plan
                                     3. Progress update on finalizing the Board of Directors regulations
                                     4. Transformation program update
                                     5. Restricted meeting




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   345
Page 346
        Ikhtisar 2025       Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights     Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




       No.        Tanggal Rapat                                              Agenda Rapat
                  Meeting Date                                              Meeting Agenda

       33.   7 Oktober 2025          1.   Pembahasan umum
             October 7, 2025         2.   Update progres penyelesaian peraturan Direksi
                                     3.   Persiapan penyusunan pra RJPP Danantara
                                     4.   Update keberlanjutan kerjasama operasi Bandara Halim Perdanakusuma
                                     5.   Pembahasan permasalahan hukum: a) Pelaksanaan eksekusi perkara perdata
                                          sengketa tanah melawan Sdr. Suandi Hartono; b) Pembuatan laporan kepolisian atas
                                          tuduhan pemberian keterangan palsu / fitnah
                                     6.   Usulan program pengembangan leadership manajerial: Leaders on the ground
                                     1.   General discussion
                                     2.   Progress update on finalizing the Board of Directors regulations
                                     3.   Preparation for Danantara preliminary RJPP
                                     4.   Update on HLP Airport operation cooperation sustainability
                                     5.   Discussion on legal issues: a. Civil execution of land dispute against Mr. Suandi Hartono;
                                          b. Filing of police report regarding allegations of false testimony/slander
                                     6.   Proposed managerial leadership development program: Leaders on the ground

       34.   14 Oktober 2025         1. Pembahasan umum (Agenda terbatas)
             October 14, 2025        2. Usulan perubahan penggunaan dana Ijarah (Sukuk Wakalah InJourney 2024) dan
                                        mitigasi likuiditas tahun 2025
                                     3. Kerja sama airport hotel PT Bukit Banaran Sejahtera
                                     4. Persetujuan RJPP 2024-2029 PT Angkasa Pura Indonesia
                                     5. Pembahasan capaian target RKAP (Revenue enhancement and cost leadership)
                                     6. Progress pemantauan tindak lanjut LHP BPK RI dan progres penyampaian dokumen
                                        pemeriksaan BPK RI tahun 2025 (Agenda terbatas)
                                     1. General discussion (Restricted agenda)
                                     2. Proposed change in utilization of Ijarah funds (InJourney
                                        Sukuk Wakalah 2024) and 2025 liquidity mitigation
                                     3. Airport hotel cooperation with PT Bukit Banaran Sejahtera
                                     4. Approval of PT Angkasa Pura Indonesia 2024-2029 Long-Term Plan (RJPP)
                                     5. Discussion on RKAP target achievements (Revenue enhancement and cost leadership)
                                     6. Progress monitoring of BPK RI audit report follow-ups and
                                        submission of 2025 BPK examination documents (Restricted)

       35.   21 Oktober 2025         1.   Rapat terbatas
             October 21, 2025        2.   Update progres penyelesaian peraturan Direksi
                                     3.   Pemaparan konsep rapat pimpinan Q4 tahun 2025
                                     4.   Usulan STO commercials CGK
                                     5.   Persiapan audit Skytrax
                                     6.   Progress update transformasi
                                     7.   Peningkatan keandalan sistem kelistrikan Bandara I Gusti Ngurah Rai - DPS
                                     1.   Restricted meeting
                                     2.   Progress update on finalizing the Board of Directors regulations
                                     3.   Presentation of Q4 2025 leadership meeting concept
                                     4.   Proposed STO commercials CGK
                                     5.   Preparation for Skytrax audit
                                     6.   Transformation progress update
                                     7.   Reliability improvement of the electrical system at DPS Airport

       36.   28 Oktober 2025         1. Rapat terbatas
             October 28, 2025        2. Blueprint transformasi
                                     3. Pembahasan materi rapat gabungan BOD BOC: Kinerja TW III 2025 dan pembahasan
                                        evaluasi kerja per bandara
                                     4. Update pelaksanaan rapat pimpinan Q4 tahun 2025
                                     5. Rapat terbatas
                                     1. Restricted meeting
                                     2. Transformation blueprint
                                     3. Discussion on joint meeting materials: 3rd quarter performance and evaluation per
                                        airport
                                     4. Update on Q4 2025 leadership meeting execution
                                     5. Restricted meeting




346   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 347
 Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




No.       Tanggal Rapat                                                         Agenda Rapat
           Meeting Date                                                        Meeting Agenda

37.   4 November 2025               1. Pembahasan umum
      November 4, 2025              2. Pembahasan pekerjaan connecting bridge domestik - internasional DPS
                                    3. Visioning alignment kepada direksi PT Angkasa Pura Indonesia sehubungan proses
                                       penyusunan studi kelayakan dan studi rencana kerja sama strategis dalam rangka
                                       optimalisasi aset dan pengembangan YIA
                                    4. Revenue safeguarding program jasa kebandarudaraan
                                    5. Update pelaksanaan rapat pimpinan Q4 tahun 2025
                                    6. Rapat terbatas
                                    1. General discussion
                                    2. Discussion on domestic-international connecting bridge works at DPS
                                    3. Visioning alignment for board members regarding YIA feasibility study and
                                       strategic cooperation plan for asset optimization and development
                                    4. Revenue safeguarding program for airport services
                                    5. Update on Q4 2025 leadership meeting execution
                                    6. Restricted meeting

38.   11 November 2025              1.   Pembahasan umum
      November 11, 2025             2.   Rapat terbatas
                                    3.   Fibag & Labag CGK
                                    4.   Pekerjaan optimalisasi DPS tahap II
                                    5.   Usulan pelaksanaan InJourney Group Financial Solution
                                    6.   Pembahasan capaian target RKAP (Revenue enhancement dan cost leadership),
                                         berikut pembahasan realisasi dan prognosa pendapatan usaha tahun 2025
                                    7.   Usulan job grading talent mobility
                                    1.   General discussion
                                    2.   Restricted meeting
                                    3.   Fibag & Labag CGK
                                    4.   Phase II optimization works at DPS
                                    5.   Proposed implementation of InJourney Group Financial Solution
                                    6.   Discussion on RKAP target achievements (Revenue enhancement and cost leadership),
                                         including 2025 revenue realization and prognosis
                                    7.   Proposed talent mobility job grading

39.   3 Desember 2025               1.   Rapat terbatas
      December 3, 2025              2.   Rapat terbatas
                                    3.   Rencana operasi masa liburan Natal 2025 dan Tahun Baru 2026
                                    4.   Perpindahan airline Saudi Arabia (SV) dari T3 ke T2F CGK
                                    1.   Restricted meeting
                                    2.   Restricted meeting
                                    3.   Operation plan for Christmas 2025 and New Year 2026 holidays
                                    4.   Saudi Arabian Airlines (SV) relocation from T3 to T2F CGK

40.   9 Desember 2025               1.   Pembahasan commercial space plan Bandara Depati Amir - Pangkal Pinang
      December 9, 2025              2.   Pembahasan capaian target RKAP (Revenue enhancement dan cost leadership)
                                    3.   Progress report Skytrax
                                    4.   Update kerjasama Bandara HLP
                                    5.   Usulan perubahan regulasi dan usulan penyesuaian tarif
                                    6.   Laporan pengembangan check-in hall DPS
                                    7.   Rapat terbatas
                                    1.   Discussion on Commercial Space Plan for Depati Amir Airport - Pangkal Pinang
                                    2.   Discussion on RKAP target achievements (Revenue enhancement and cost leadership)
                                    3.   Skytrax progress report
                                    4.   Update on HLP Airport cooperation
                                    5.   Proposed regulatory changes and fee adjustments
                                    6.   DPS check-in hall development report
                                    7.   Restricted meeting

41.   23 Desember 2025              1.   Rapat terbatas
      December 23, 2025             2.   Update rencana pengembangan Bandara Kualanamu
                                    3.   Tindak lanjut penyelesaian pembayaran Master Plan CGK
                                    4.   Update project Bandara Soekarno-Hatta dan Bandara I Gusti Ngurah Rai
                                    1.   Restricted meeting
                                    2.   Update on KNO Airport development plan
                                    3.   Follow-up on CGK Master Plan payment settlement
                                    4.   Project update for Soekarno-Hatta and I Gusti Ngurah Rai Airports




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   347
Page 348
        Ikhtisar 2025      Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report      About the Company        Management Discussion and Analysis   Corporate Governance




      Agenda Rapat Gabungan Dengan                                     Joint Meeting Agenda with the
      Direksi                                                          Board of Directors
      Pada tahun 2025, Direksi telah menyelenggarakan                  In 2025, the Board of Directors held 15 (fifteen) joint
      15 (lima    belas) rapat gabungan dengan Dewan                   meetings with the Board of Commissioners, the agenda of
      Komisaris, dimana agenda rapat gabungan tersebut                 which was stated in the Board of Commissioners section.
      telah disebutkan di bagian Dewan Komisaris.




          Program Orientasi Anggota Baru Direksi
      Orientation Program for the New Members of the Board of Directors

      Program orientasi Direksi adalah rangkaian kegiatan              The Board of Directors Orientation Program is a series
      yang diselenggarakan untuk memperkenalkan anggota                of activities organized to introduce new members of
      Direksi baru dengan perusahaan, tugas, tanggung jawab,           the Board of Directors to the company, their duties,
      dan tata cara kerja di perusahaan. Program ini bertujuan         responsibilities, and working procedures within the
      untuk memastikan anggota Direksi memahami kondisi                company. This program aims to ensure that members
      perusahaan, visi, misi, dan nilai-nilai perusahaan, serta        of the Board of Directors understand the company’s
      dapat menjalankan tugas pengawasan dan nasihat                   condition, vision, mission, and core values, and are able
      terhadap Direksi dengan efektif.                                 to carry out their supervisory and advisory duties to the
                                                                       Board of Directors effectively.

      PT Angkasa Pura Indonesia melaksanakan orientasi dan             PT Angkasa Pura Indonesia conducted the orientation
      pengenalan bagi Anggota Direksi dilaksanakan pada                and introduction session for members of the Board of
      2025 yang diikuti oleh:                                          Directors on 2025, which was attended by:
      1. Mohammad Rizal Pahlevi                                        1. Mohammad Rizal Pahlevi
      2. Achmad Syahir                                                 2. Achmad Syahir
      3. Agus Haryadi                                                  3. Agus Haryadi
      4. Ristiyanto Eko Wibowo                                         4. Ristiyanto Eko Wibowo
      5. Veri Y. Setiady                                               5. Veri Y. Setiady
      6. Yanindya Bayu Wirawan                                         6. Yanindya Bayu Wirawan
      7. Adi Nugroho                                                   7. Adi Nugroho
      8. Ferry Kusnowo                                                 8. Ferry Kusnowo




          Pelaksanaan Tugas Direksi
      Implementation of the Board of Directors’ Duties

      Sepanjang tahun 2025, Direksi telah menyampaikan                 Throughout 2025, the Board of Directors issued reports
      laporan secara tertulis sesuai dengan wewenang dan               in accordance with its authority and responsibilities, as
      tanggung jawabnya, antara lain sebagai berikut.                  follows.


                                                    Ringkasan Dokumen
                                                       Document Summary


               Tanggal              No. Dokumen                                            Perihal
                  Date             Document No.                                           Subject

      21 Januari 2025           06/DK.API/2025         Tanggapan Dewan Komisaris atas Permohonan Pengesahan
      January 21, 2025                                 Konsep Peraturan Bersama Dewan Komisaris dan Direksi Tentang
                                                       Pedoman Manajemen Risiko PT Angkasa Pura Indonesia
                                                       Board of Commissioners’ Response to the Request for
                                                       Legalization of the Joint Regulation Concept between the
                                                       Board of Commissioners and Board of Directors Regarding Risk
                                                       Management Guidelines of PT Angkasa Pura Indonesia




348   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 349
 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




        Tanggal                     No. Dokumen                                            Perihal
          Date                     Document No.                                            Subject

21 Januari 2025                07/DK.API/2025         Tanggapan Dewan Komisaris atas Permohonan Persetujuan KPI Direksi
January 21, 2025                                      Kolegial dan KPI Direksi Individu PT Angkasa Pura Indonesia Tahun 2024
                                                      Board of Commissioners’ Response to the Request for Approval
                                                      of Collegial Board of Directors’ KPI and Individual Board of
                                                      Directors’ KPI of PT Angkasa Pura Indonesia for the Year 2024

23 Januari 2025                09/DK.API/2025-R       Pelaksanaan Rekomendasi LHP Badan Pemeriksa Keuangan Tahun
January 23, 2025                                      2024
                                                      Implementation of the Audit Result Report Recommendations from the
                                                      Audit Board of the Republic of Indonesia for the Year 2024

30 Januari 2025                14/DK.API/2025-R       Tanggapan atas Pengusulan Wakil Perseroan Untuk Menjadi Calon
January 30, 2025                                      Anggota Direksi PT Bandara Internasional Batam dan PT Angkasa Pura
                                                      Aviasi
                                                      Response to the Nomination of Company Representatives to Become
                                                      Candidates for the Board of Directors of PT Bandara Internasional Batam
                                                      and PT Angkasa Pura Aviasi

24 Februari 2025               17/DK.API/2025         Tanggapan Dewan Komisaris atas Laporan Pengelolaan Whistleblowing
February 24, 2025                                     System (WBS) Periode Tahun 2024
                                                      Board of Commissioners’ Response to the Whistleblowing System (WBS)
                                                      Management Report for the 2024 Period

24 Februari 2025               18/DK.API/2025         Tanggapan Dewan Komisaris atas Permohonan Penandatanganan
February 24, 2025                                     Komitmen Bersama Dewan Komisaris dan Direksi PT Angkasa Pura
                                                      Indonesia tentang SMAP dan Lembar CoC
                                                      Board of Commissioners’ Response to the Request for the Signing of a
                                                      Joint Commitment between the Board of Commissioners and Board of
                                                      Directors of PT Angkasa Pura Indonesia regarding SMAP and the CoC
                                                      Sheet

5 Mei 2025                     19/DK.API/2025-R       Nominated Top Talent BOD-3 PT Angkasa Pura Indonesia
May 5, 2025                                           Nominated Top Talent BOD-3 PT Angkasa Pura Indonesia

29 April 2025                  27/DK.API/2025         Persetujuan Penetapan Struktur Organisasi Perusahaan PT Angkasa Pura
April 29, 2025                                        Indonesia
                                                      Approval of the Company’s Organizational Structure Determination for
                                                      PT Angkasa Pura Indonesia

2 Mei 2025                     28/DK.API/2025         Penyampaian Persetujuan dan Pengesahan Berita Acara Pembahasan
May 2, 2025                                           Akhir Hasil Asesmen GCG
                                                      Submission of Approval and Legalization of the Minutes of the Final
                                                      Discussion on GCG Assessment Results

2 Mei 2025                     29/DK.API/2025         Persetujuan Pengisian Jabatan Corporate Secretary Group Head
May 2, 2025                                           Approval for the Filling of the Corporate Secretary Group Head Position

8 Mei 2025                     30/DK.API/2025         Tanggapan Dewan Komisaris Usulan Pengesahan Strategi Risiko (Risk
May 8, 2025                                           Capacity, Risk Tolerance, Risk Appetite, dan Risk Limit) PT Angkasa Pura
                                                      Indonesia Tahun 2025
                                                      Board of Commissioners’ Response to the Proposed Legalization of Risk
                                                      Strategy (Risk Capacity, Risk Tolerance, Risk Appetite, and Risk Limit) of
                                                      PT Angkasa Pura Indonesia for the Year 2025

14 Mei 2025                    31/DK.API/2025         Penyampaian Laporan Tugas Pengawasan Dewan Komisaris PT Angkasa
May 14, 2025                                          Pura Indonesia Tahun 2024
                                                      Submission of the Oversight Task Report of the Board of
                                                      Commissioners of PT Angkasa Pura Indonesia for the Year 2024

14 Mei 2025                    32/DK.API/2025         Tanggapan atas Laporan Manajemen Tahun Buku 2024 PT Angkasa
May 14, 2025                                          Pura Indonesia
                                                      Response to the Management Report for the 2024 Fiscal Year of PT
                                                      Angkasa Pura Indonesia

27 Mei 2025                    35/DK.API/2025-R       Persetujuan Penyesuaian Struktur Organisasi Perusahaan PT Angkasa
May 27, 2025                                          Pura Indonesia
                                                      Approval for the Adjustment of the Company’s Organizational Structure
                                                      for PT Angkasa Pura Indonesia




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   349
Page 350
        Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan     Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report       About the Company      Management Discussion and Analysis   Corporate Governance




                Tanggal             No. Dokumen                                           Perihal
                  Date             Document No.                                          Subject

      27 Mei 2025               36/DK.API/2025         Evaluasi Dewan Komisaris terhadap Kantor Akuntan Publik yang
      May 27, 2025                                     Melaksanakan Audit Laporan Keuangan Tahun Buku 2024 dan Usulan
                                                       Kantor Akuntan Publik Untuk Tahun Buku 2025
                                                       Board of Commissioners’ Evaluation of the Public Accounting Firm
                                                       Auditing the Financial Statements for the 2024 Fiscal Year and the
                                                       Proposal of a Public Accounting Firm for the 2025 Fiscal Year

      27 Mei 2025               37/DK.API/2025         Tanggapan Dewan Komisaris atas Hal-Hal yang Memerlukan Keputusan
      May 27, 2025                                     Rapat Umum Pemegang Saham (RUPS) Tahunan Tahun Buku 2024
                                                       Board of Commissioners’ Response to Matters Requiring Decisions from
                                                       the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal
                                                       Year

      27 Mei 2025               38/DK.API/2025         Tanggapan Dewan Komisaris Atas Permohonan Persetujuan Roadmap
      May 27, 2025                                     Perbaikan Penerapan Manajemen Risiko PT Angkasa Pura Indonesia
                                                       Tahun 2024-2029
                                                       Board of Commissioners’ Response to the Request for Approval of
                                                       the Roadmap for Improving Risk Management Implementation
                                                       of PT Angkasa Pura Indonesia for the Years 2024-2029

      25 Juni 2025              39/DK.API/2025         Tanggapan Dewan Komisaris atas Capaian Kinerja Periode Triwulan I
      June 25, 2025                                    2025 PT Angkasa Pura Indonesia
                                                       Board of Commissioners’ Response to the Performance Results for
                                                       the First Quarter Period of 2025 of PT Angkasa Pura Indonesia

      9 Juli 2025               42.1/DK.API/2025        Tanggapan atas Permohonan Pembayaran Insentif Kinerja yang
      July 9, 2025                                      Ditangguhkan
                                                        Response to the Request for the Payment of
                                                        Deferred Performance Incentives

      15 Agustus 2025           48/DK.API/2025          Tanggapan Dewan Komisaris Terhadap Usulan Revisi RKAP Eksploitasi,
      August 15, 2025                                   KPI dan Realokasi Investasi Tahun 2025
                                                        Board of Commissioners’ Response to the Proposed Revision of the
                                                        Exploitation RKAP, KPI, and Investment Reallocation for the Year 2025

      15 Agustus 2025           49/DK.API/2025          Tanggapan Dewan Komisaris atas usulan Penghapusbukuan Aset Tetap
      August 15, 2025                                   berupa Kendaraan di Lingkungan PT Angkasa Pura Indonesia
                                                        Board of Commissioners’ Response to the Proposed Write-off of Fixed
                                                        Assets in the Form of Vehicles within PT Angkasa Pura Indonesia

      4 September 2025          54/DK.API/2025          Tanggapan Terhadap Penyampaian Hasil Penilaian Risk Maturity Index
      September 4, 2025                                 (RMI) PT Angkasa Pura Indonesia Tahun Buku 2024
                                                        Response to the Submission of the Risk Maturity Index (RMI) Assessment
                                                        Results of PT Angkasa Pura Indonesia for the 2024 Fiscal Year

      9 September 2025          55/DK.API/2025          Tanggapan Dewan Komisaris atas Usulan Peraturan Direksi
      September 9, 2025                                 tentang Standard Operating Procedure (SOP) Kerja Sama dan
                                                        Batasan Kewenangan Kerja Sama di PT Angkasa Pura Indonesia
                                                        Board of Commissioners’ Response to the Proposed Board of Directors’
                                                        Regulation regarding Standard Operating Procedures (SOP) for
                                                        Cooperation and Cooperation Authority Limits at PT Angkasa Pura
                                                        Indonesia

      19 September 2025         59/DK.API/2025          Persetujuan Dewan Komisaris atas Pengisian Jabatan Corporate
      September 19, 2025                                Secretary Group Head
                                                        Board of Commissioners’ Approval for the Filling of the Corporate
                                                        Secretary Group Head Position

      19 September 2025         60/DK.API/2025          Tanggapan Dewan Komisaris atas Capaian Kinerja Periode Triwulan II
      September 19, 2025                                2025 PT Angkasa Pura Indonesia
                                                        Board of Commissioners’ Response to the Performance Results for
                                                        the Second Quarter Period of 2025 of PT Angkasa Pura Indonesia

      25 September 2025         62/DK.API/2025          Tanggapan Dewan Komisaris atas Usulan Rencana Penyertaan Modal PT
      September 25, 2025                                Angkasa Pura Indonesia di PT Garuda Maintenance Facility AeroAsia Tbk.
                                                        melalui Mekanisme Inbreng Lahan
                                                        Board of Commissioners’ Response to the Proposed Capital Participation
                                                        Plan of PT Angkasa Pura Indonesia in PT Garuda Maintenance Facility
                                                        AeroAsia Tbk. through a Land Inbreng Mechanism




350   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 351
 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




         Tanggal                    No. Dokumen                                             Perihal
           Date                    Document No.                                            Subject

30 September 2025               63/DK.API/2025        Penyampaian Laporan Tugas Pengawasan Dewan Komisaris
September 30, 2025                                    PT Angkasa Pura Indonesia Periode Semester I Tahun 2025
                                                      Submission of the Oversight Task Report of the Board of Commissioners
                                                      of PT Angkasa Pura Indonesia for the First Semester Period of 2025

7 Oktober 2025                  65/DK.API/2025        Tanggapan atas Usulan Realokasi Investasi PT Angkasa Pura Indonesia
October 7, 2025                                       pada RKAP Tahun 2025
                                                      Response to the Proposed Investment Reallocation of PT Angkasa Pura
                                                      Indonesia in the 2025 RKAP

20 Oktober 2025                 68/DK.API/2025        Kelengkapan Usulan Rencana Kerja dan Anggaran Perusahaan Tahun
October 20, 2025                                      2026
                                                      Completeness of the Proposed Company Work Plan and Budget for the
                                                      Year 2026

29 Oktober 2025                 73/DK.API/2025        Permintaan Pengadaan Kantor Akuntan Publik (KAP) Sebagai Auditor
October 29, 2025                                      Independen Tahun Buku 2025
                                                      Request for the Procurement of a Public Accounting Firm
                                                      (KAP) as the Independent Auditor for the 2025 Fiscal Year

5 November 2025                 76/DK.API/2025        Tanggapan atas Usulan Penghapusbukuan dan Pengalihan Aktiva Tetap
November 5, 2025                                      PT Angkasa Pura Indonesia yang dimanfaatkan oleh Perum LPPNPI
                                                      Response to the Proposed Write-off and Transfer of Fixed Assets
                                                      of PT Angkasa Pura Indonesia utilized by Perum LPPNPI

5 November 2025                 77/DK.API/2025        Penyampaian Dokumen Komitmen Dewan Komisaris tentang
November 5, 2025                                      Penerapan SMAP dan Lembar Pernyataan Kepatuhan Terhadap Kode
                                                      Etik (Code of Conduct)
                                                      Submission of the Board of Commissioners’ Commitment Document
                                                      regarding SMAP Implementation and the Code of Conduct Compliance
                                                      Statement Sheet

5 November 2025                 78/DK.API/2025        Tanggapan Dewan Komisaris atas Usulan Pengurus Perseroan pada
November 5, 2025                                      Anak Perusahaan dan Afiliasi
                                                      Board of Commissioners’ Response to the Proposed Appointment of
                                                      Company Officers to Subsidiaries and Affiliates

13 November 2025                79/DK.API/2025        Tanggapan Dewan Komisaris atas Usulan Penyesuaian Rencana
November 13, 2025                                     Penyertaan Modal PT Angkasa Pura Indonesia di PT Garuda Maintenance
                                                      Facility Aeroasia.Tbk
                                                      Board of Commissioners’ Response to the Proposed Adjustment of the
                                                      Capital Participation Plan of PT Angkasa Pura Indonesia in PT Garuda
                                                      Maintenance Facility Aeroasia.Tbk

17 November 2025                80/DK.API/2025        Penerusan Surat Edaran PT Danantara Aset Management (Persero)
November 17, 2025                                     tentang Pedoman Perilaku dan Profesionalisme Direksi dan Dewan
                                                      Komisaris
                                                      Forwarding of the Circular Letter from PT Danantara Aset Management
                                                      (Persero) regarding the Code of Conduct and Professionalism of the
                                                      Board of Directors and Board of Commissioners

25 November 2025                86/DK.API/2025        Tanggapan Dewan Komisaris atas Capaian Kinerja PT Angkasa Pura
November 25, 2025                                     Indonesia Periode s.d Triwulan III Tahun 2025
                                                      Board of Commissioners’ Response to the Performance Results of PT
                                                      Angkasa Pura Indonesia through the Third Quarter Period of 2025

28 November 2025                87/DK.API/2025        Persetujuan Dewan Komisaris terhadap Usulan Penghapusbukuan Aset
November 28, 2025                                     Tetap berupa Kendaraan Operasional di Lingkungan PT Angkasa Pura
                                                      Indonesia
                                                      Board of Commissioners’ Approval for the Proposed Write-off of Fixed
                                                      Assets in the Form of Operational Vehicles within PT Angkasa Pura
                                                      Indonesia

16 Desember 2025                90/DK.API/2025        Tanggapan Dewan Komisaris atas Rencana Pendanaan Eksternal PT
December 16, 2025                                     Angkasa Pura Indonesia Tahun 2025
                                                      Board of Commissioners’ Response to the External Funding Plan of PT
                                                      Angkasa Pura Indonesia for the Year 2025




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   351
Page 352
        Ikhtisar 2025       Laporan Manajemen         Tentang Perusahaan       Diskusi dan Analisis Manajemen           Tata Kelola Perusahaan
        2025 Highlights     Management Report         About the Company        Management Discussion and Analysis       Corporate Governance




                Tanggal              No. Dokumen                                                Perihal
                  Date              Document No.                                                Subject

       30 Desember 2025           93/DK.API/2025          Persetujuan Dewan Komisaris atas Rencana Pendanaan Eksternal PT
       December 30, 2025                                  Angkasa Pura Indonesia Tahun 2025
                                                          Board of Commissioners’ Approval for the External Funding Plan of PT
                                                          Angkasa Pura Indonesia for the Year 2025

       30 Desember 2025           94/DK.API/2025          Persetujuan Pembayaran Dividen Interim PT Angkasa Pura Indonesia
       December 30, 2025                                  Tahun Buku 2025
                                                          Approval for the Interim Dividend Payment of PT Angkasa Pura Indonesia
                                                          for the 2025 Fiscal Year




          Pelatihan dan Peningkatan Kompetensi
      Training and Competency Enhancement

      Peningkatan kompetensi Direksi dilakukan melalui                     The Board of Directors’ competency improvement is
      sejumlah pelatihan formal serta informal melalui interaksi           carried out through a number of formal and informal
      antara Dewan Komisaris, Direksi, dan manajemen melalui               training sessions through interactions between the
      rapat serta kunjungan ke unit kerja Perusahaan.                      Board of Commissioners, the Board of Directors, and
                                                                           management through meetings and visits to the
                                                                           Company’s work units.


                                                      Tabel Pelatihan Direksi
                                                Table of the Board of Directors Trainings


                Tanggal             Lokasi                  Nama Pelatihan                 Penyelenggara              Nama Anggota
                  Date             Location                 Training Name                       Organizer           Name of Members

       28 Juli – 1 Agustus 2025   Daring          Sertifikasi Master Class                CRMS                  1. Mohammad
       July 28 – August 1, 2025   Online          Risk Governance QRGP                                             Rizal Pahlevi
                                                  Master Class Risk Governance                                  2. Veri Y. Setiady
                                                  QRGP Certification                                            3. Adi Nurgroho
                                                                                                                4. Ferry Kusnowo

       6–7 November 2025          Daring          Strategic Planning &                    HRD Spot                  Adi Nurgroho
       November 6–7, 2025         Online          Corporate Budgeting


       3 Desember 2025            Daring          Master Class: Enterprise                CRMS                  1. Agus Haryadi
       December 3, 2025           Online          Risk Governance                                               2. Yanindya Bayu
                                                                                                                   Wirawan

       4–5 Desember 2025          Daring          Risk Beyond 2025: International         CRMS                  1. Achmad Syahir
       December 4–5, 2025         Online          Conference on Risk Management                                 2. Veri Y. Setiady
                                                                                                                3. Ferry Kusnowo
                                                                                                                4. Agus Haryadi
                                                                                                                5. Yanindya Bayu
                                                                                                                   Wirawan

       9–10 Desember 2025         Daring          Finance for Non-Finance                 Prasetiya             1. Mohammad
       December 9–10, 2025        Online          Professionals                           Mulya ELI                Rizal Pahlevi
                                                                                                                2. Achmad Syahir

       10–12 Desember 2025        Daring          Internal Control Over Financial         IAI                   1. Agus Haryadi
       December 10–12, 2025       Online          Reporting (ICOFR)                                             2. Yanindya Bayu
                                                                                                                   Wirawan

       15–16 Desember 2025        Daring          Scale Up 2.0 Workshop: Generate         Aksoro                    Achmad Syahir
       December 15–16, 2025       Online          Your Exponential Business Growth




352   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 353
  Tanggung Jawab Sosial dan Lingkungan (TJSL)       Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




    Evaluasi Pencapaian KPI Direksi
Evaluation of the Achievement of KPI of the Board of Directors

Kriteria penilaian kinerja Direksi mengacu pada Peraturan                  The performance evaluation criteria for the Board
Menteri Badan Usaha Milik Negara Republik Indonesia                        of Directors refer to the Minister of State-Owned
Nomor PER-2/MBU/03/2023 tentang Pedoman Tata                               Enterprises of the Republic of Indonesia Regulation No.
Kelola dan Kegiatan Korporasi Signifikan Badan Usaha                       PER-2/ MBU/03/2023 on the Guidelines for Governance
Milik Negara yang ditetapkan oleh Menteri Badan Usaha                      and Significant Corporate Activities of State-Owned
Milik Negara pada tanggal 3 Maret 2023 dan diundangkan                     Enterprises, issued by the Minister of State-Owned
pada tanggal 24 Maret 2023 serta Surat Kementerian                         Enterprises on March 3, 2023, and promulgated on March
BUMN S-468/MBU/09/2024 tanggal 30 September                                24, 2023, as well as Letter of the Ministry of State-Owned
2024 perihal Aspirasi Pemegang Saham/Menteri untuk                         Enterprises No. S-468/MBU/09/2024 dated September 30,
Penyusunan Rencana Kerja dan Anggaran Perusahaan                           2024, regarding Shareholder/Ministerial Aspirations for
Tahun 2025.                                                                the Preparation of the Company’s Work Plan and Budget
                                                                           for the Year 2025.

Indikator penilaian beserta target kinerja Direksi                         The performance indicators and targets for the Board
baik secara Kolegial maupun Direksi secara Individu                        of Directors, both collectively and individually, are
dituangkan dalam Kontrak Manajemen PT Angkasa Pura                         outlined in the Management Contract of PT Angkasa
Indonesia dan disepakati bersama Dewan Komisaris dan                       Pura Indonesia and agreed upon with the Board of
Pemegang Saham melalui RUPS Pengesahan Rencana                             Commissioners and Shareholders through the General
Kerja dan Anggaran Perusahaan (RKAP) dan Rencana                           Meeting of Shareholders (GMS) for the Approval of the
Kerja dan Anggaran Program Tanggung Jawab Sosial                           Corporate Work Plan and Budget (CWPB) and the Social
dan Lingkungan (RKA-TJSL). Penilaian Kinerja Direksi                       and Environmental Responsibility Program Work and
sebagaimana yang disepakati dalam Kontrak Manajemen                        Budget Plan (CWPB-CSR). The performance evaluation
PT Angkasa Pura Indonesia yang memuat KPI Direksi                          of the Board of Directors, as agreed in the Management
secara kolegial tahun 2025 terdiri dari lima perspektif,                   Contract of PT Angkasa Pura I, which includes the
dengan capaian kinerja mencapai 107,36 melampaui                           collective KPIs for the Board of Directors for 2025, consists
target yang ditetapkan yaitu yaitu sebesar 100,00.                         of five perspectives, with a performance achievement of
                                                                           107.36 exceeding the target set at 100.00.



                                  Ringkasan KPI Direksi Secara Kolegial Tahun 2025
                                          Summary of the Board of Directors’ KPI in 2025


                      Perspektif                            Realisasi 2024                Target 2025              Realisasi 2025
                     Perspective                           2024 Realization               2025 Target             2025 Realization

Nilai Ekonomi dan Sosial untuk Indonesia                           52,63                      50,00                      59,30
Economic and Social Value for Indonesia

Inovasi Model Bisnis                                               13,90                       13,00                      16,13
Business Model Innovation

Kepemimpinan Teknologi                                             10,70                      10,00                      10,53
Technology Leadership

Peningkatan Investasi                                              12,80                       12,00                      5,50
Investment Growth

Pengembangan Talenta                                               15,70                       15,00                     15,90
Talent Development

Jumlah                                                           105,73                         100                     107,36
Total




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report       353
Page 354
        Ikhtisar 2025      Laporan Manajemen     Tentang Perusahaan        Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights    Management Report     About the Company         Management Discussion and Analysis    Corporate Governance




      KEBIJAKAN REMUNERASI DEWAN
      KOMISARIS DAN DIREKSI
      REMUNERATION POLICY OF THE BOARD OF
      COMMISSIONERS AND THE BOARD OF DIRECTORS



      Remunerasi Dewan Komisaris dan Direksi mengacu                  The remuneration of the Board of Commissioners and
      pada Peraturan Menteri BUMN No. PER-03/MBU/03/2023              the Board of Directors refer to the Minister of State-
      tentang Perubahan Organ dan Sumber Daya Manusia                 Owned Enterprises Regulation No. PER-03/MBU/03/2023
      Badan Usaha Milik Negara. Formulasi kebijakan                   on Changes to the Organizational Structure and Human
      remunerasi Direksi dan Dewan Komisaris disusun dengan           Resources of State-Owned Enterprises. The formulation
      berbagai pertimbangan yang meliputi kebutuhan                   of the remuneration policy for the Board of Directors
      likuiditas jangka pendek dan jangka panjang, kecukupan,         and the Board of Commissioners is developed with
      dan penguatan permodalan, aspek stabilitas keuangan,            various considerations, including the need for short-
      terciptanya efektivitas manajemen risiko, serta potensi         term and long-term liquidity, sufficiency, strengthening
      pendapatan di masa yang akan datang.                            of capital, financial stability, the creation of effective risk
                                                                      management, and potential future income.

      Besaran penghasilan Direksi dan Dewan Komisaris                 The income of the Board of Directors and the Board of
      tahun 2024 PT Angkasa Pura Indonesia ditetapkan                 Commissioners for 2024 at PT Angkasa Pura Indonesia is
      pemegang saham berdasarkan Surat Direktur Utama                 determined by the shareholders based on the President
      PT Aviasi Pariwisata Indonesia (Persero) Nomor                  Director of PT Aviasi Pariwisata Indonesia (Persero)
      INJ.03.08/23/07/2023/A.1151 Tanggal 25 Juli 2023 perihal        Letter No. INJ.03.08/23/07/2023/A.1151 dated July 25, 2023,
      Penetapan Penghasilan Direksi dan Komisaris Tahun               regarding the Determination of the Income of the Board
      2023 PT Angkasa Pura Indonesia.                                 of Directors and Commissioners for 2023 at PT Angkasa
                                                                      Pura Indonesia.




          Remunerasi Dewan Komisaris
      Remuneration of the Board of Commissioners

      Prosedur Penetapan Remunerasi                                   Remuneration Determination
                                                                      Procedure
      Dalam menetapkan usulan remunerasi, Dewan Komisaris             In determining the proposed remuneration, the Board
      dibantu oleh Komite Nominasi dan Remunerasi yang                of Commissioners is assisted by the Nomination and
      diusulkan kepada RUPS. PT Angkasa Pura Indonesia                Remuneration Committee, which is submitted to the
      menetapkan remunerasi bagi Dewan Komisaris mengacu              General Meeting of Shareholders (GMS). PT Angkasa Pura
      pada ketentuan Peraturan Menteri Badan Usaha Milik              Indonesia determines the remuneration for the Board of
      Negara. Sesuai Peraturan Menteri tersebut, besaran              Commissioners based on the provisions of the Minister
      penghasilan Dewan Komisaris ditetapkan oleh RUPS.               of State-Owned Enterprises Regulation. According to
                                                                      this regulation, the amount of income for the Board of
                                                                      Commissioners is determined by the GMS.



      Indikator Penetapan Remunerasi                                  Indicators for Remuneration
                                                                      Determination
      Indikator penetapan remunerasi Dewan Komisaris                  The remuneration determination indicators for the Board
      berdasarkan Peraturan Menteri BUMN Nomor PER-03/                of Commissioners, based on the Minister of State-Owned
      MBU/03/2023 tanggal 20 Maret 2023 mencakup aspek                Enterprises Regulation No. PER-03/MBU/03/2023 dated
      sebagai berikut:                                                March 20, 2023, include the following aspects:




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1.   Faktor skala usaha                                                     1.   Business scale factor
2.   Faktor kompleksitas usaha                                              2.   Business complexity factor
3.   Tingkat inflasi                                                        3.   Inflation rate
4.   Kondisi dan kemampuan keuangan Perusahaan                              4.   Financial condition and capability of the Company
5.   Faktor-faktor lain yang relevan serta tidak                            5.   Other relevant factors that are not in conflict with
     bertentangan dengan peraturan perundangan..                                 applicable laws and regulations.




       Remunerasi Direksi
Remuneration of the Board of Directors

Prosedur Penetapan Remunerasi                                               Remuneration Determination
                                                                            Procedure
PT Angkasa Pura Indonesia menetapkan remunerasi                             PT Angkasa Pura Indonesia determines the remuneration
bagi Direksi mengacu pada ketentuan Peraturan Menteri                       for the Board of Directors in accordance with the provisions
Badan Usaha Milik Negara. Sesuai peraturan Menteri                          of the Minister of State-Owned Enterprises Regulation.
tersebut, besaran penghasilan Direksi ditetapkan sesuai                     According to the regulation, the income of the Board of
kesepakatan dalam RUPS. Usulan besaran remunerasi                           Directors is determined based on the agreement in the
Direksi diajukan oleh Dewan Komisaris berdasarkan                           General Meeting of Shareholders (GMS). The proposed
pertimbangan dari Komite Nominasi dan Remunerasi.                           amount of remuneration for the Board of Directors is
                                                                            submitted by the Board of Commissioners based on
                                                                            considerations from the Nomination and Remuneration
                                                                            Committee.



Indikator Penetapan Remunerasi                                              Indicators for Remuneration
                                                                            Determination
Berdasarkan Peraturan Menteri BUMN PER-03/                                  Based on the Minister of State-Owned Enterprises
MBU/03/2023 Tanggal 20 Maret 2023, indikator penetapan                      Regulation No. PER-03/MBU/03/2023 dated March 20,
remunerasi Direksi mencakup:                                                2023, the indicators for determining the remuneration for
                                                                            the Board of Directors include:
1.   Faktor skala usaha                                                     1. Business scale factor
2.   Faktor kompleksitas usaha                                              2. Business complexity factor
3.   Tingkat inflasi                                                        3. Inflation rate
4.   Kondisi dan kemampuan keuangan Perusahaan                              4. Financial condition and capacity of the Company
5.   Faktor-faktor lain yang relevan serta tidak                            5. Other relevant factors that are not in conflict with
     bertentangan     dengan   peraturan perundang-                            applicable laws and regulations.
     undangan.




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report     355
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        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      SEKRETARIS PERUSAHAAN
      CORPORATE SECRETARY



      Sekretaris Perusahaan atau Corporate Secretary adalah          The Corporate Secretary is a supporting function of the
      bagian pendukung Direksi yang berperan penting dalam           Board of Directors and plays a crucial role in ensuring
      memastikan transparansi di perusahaan. Tugasnya                transparency within the company. Responsibilities include
      mencakup komunikasi internal dan eksternal, hubungan           internal and external communications, investor relations,
      investor, serta administrasi kesekretariatan pimpinan          and administrative support to the company’s leadership.
      perusahaan. Posisi ini berada di bawah Direktur Utama          This position reports directly to the President Director.
      dan secara langsung bertanggung jawab kepada                   The organizational structure of the Corporate Secretary
      Direktur Utama. Struktur organisasi Corporate Secretary        Group is regulated through the Director’s Regulation
      Group diatur melalui Peraturan Direksi PT Angkasa Pura         of PT Angkasa Pura Indonesia No. PD.DU.0030/IX/2024
      Indonesia No. PD.DU.0030/IX/2024 tentang Organisasi            regarding the Organizational Structure of PT Angkasa
      Perusahaan PT Angkasa Pura Indonesia.                          Pura Indonesia.




          Struktur Sekretaris Perusahaan Dalam Perusahaan
      Corporate Secretary Structure Within the Company

      Struktur Sekretaris Perusahaan atau Corporate Secretary        The Corporate Secretary structure is established
      Group Head ditetapkan melalui Peraturan Direksi PT             through the Board of Directors Decree of PT Angkasa
      Angkasa Pura Indonesia No. PD.DU.0030/IX/2024 tentang          Pura Indonesia No. PD.DU.0030/IX/2024 regarding the
      Organisasi PT Angkasa Pura Indonesia yang diterbitkan          Organizational Structure of PT Angkasa Pura Indonesia,
      pada 9 September 2024. Di bawah Corporate Secretary            issued on September 9, 2024. Under the Corporate
      Group Head, terdapat tiga divisi, yaitu Corporate              Secretary Group Head, there are three divisions: Corporate
      Communication, Corporate Branding, dan Corporate               Communication, Corporate Branding, and Corporate
      BOD Office Support.                                            BOD Support.




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   Profil Sekretaris Perusahaan
Corporate Secretary Profile



                                                  Dasar Pengangkatan | Basis of Appointment
                                                  Surat Perintah Direksi PT Angkasa Pura Indonesia Nomor KEP.DU.0051/
                                                  IX/2024 tentang Penunjukan Pejabat Pengganti Sementara (PGS) di
                                                  lingkungan PT Angkasa Pura Indonesia.
                                                  Board of Directors Instruction Letter of PT Angkasa Pura Indonesia Number
                                                  KEP.DU.0051/IX/2024 regarding the Appointment of Acting Officials (PGS)
                                                  within PT Angkasa Pura Indonesia.

                                                  Periode Penugasan | Term of Appointment
                                                  8 September 2024 – sekarang
                                                  September 8, 2024 – present

                                                  Riwayat Pendidikan | Education Background
                                                  y Sarjana Ilmu Hukum, Universitas Airlangga, Surabaya (2011).
                                                  y Magister Ilmu Hukum, Universitas Indonesia, Jakarta (2024).
  Arie Ahsanurrohim                               y Bachelor of Laws, Universitas Airlangga, Surabaya (2011).
                                                  y Master of Laws, Universitas Indonesia, Jakarta (2024).
  Plt. Sekretaris Perusahaan
  Acting Corporate Secretary
                                                  Riwayat Pekerjaan | Employment History
                                                  y Legal Human Resources Assistant Manager PT Angkasa Pura I, Ngurah
                                                    Rai Strategic Business Unit (Februari 2015–Februari 2017);
  Kewarganegaraan | Citizenship
                                                  y Communication and Legal Section Head PT Angkasa Pura I, Bandara I
  Indonesia | Indonesian                            Gusti Ngurah Rai, Bali (Februari 2017–Maret 2020);
                                                  y Legal Affairs Senior Manager PT Angkasa Pura I (Maret 2020–Juni 2023);
  Domisili | Residence                            y PLT. Vice President Legal and Compliance PT Angkasa Pura I (Juni–
                                                    Desember 2023);
  Jakarta | Jakarta
                                                  y Vice President Legal and Compliance PT Angkasa Pura I (Desember
                                                    2023–Mei 2024);
  Usia | Age                                      y Human Capital Support Expert Level II PT Angkasa Pura Indonesia (Mei–
  37 tahun | 37 years old                           September 2024);
                                                  y PGS. Corporate Secretary Group Head PT Angkasa Pura Indonesia
                                                    (September 2024–sekarang);
                                                  y Legal Aid & Institutional Relation Group Head PT Angkasa Pura Indonesia
                                                    (September 2024–sekarang).
                                                  y Assistant Manager of Legal Human Resources of PT Angkasa Pura I,
                                                    Ngurah Rai Strategic Business Unit (February 2015–February 2017);
                                                  y Communication and Legal Section Head of PT Angkasa Pura I, I Gusti
                                                    Ngurah Rai International Airport, Bali (February 2017–March 2020);
                                                  y Senior Manager of Legal Affairs of PT Angkasa Pura I (March 2020–June
                                                    2023);
                                                  y Acting Vice President of Legal and Compliance of PT Angkasa Pura I
                                                    (June–December 2023);
                                                  y Vice President of Legal and Compliance of PT Angkasa Pura I (December
                                                    2023–May 2024);
                                                  y Human Capital Support Expert Level II of PT Angkasa Pura Indonesia
                                                    (May–September 2024);
                                                  y Acting Corporate Secretary Group Head of PT Angkasa Pura Indonesia
                                                    (September 2024–present);
                                                  y Legal Aid & Institutional Relation Group Head of PT Angkasa Pura
                                                    Indonesia (September 2024–present).

                                                  Rangkap Jabatan | Concurrent Position
                                                  Legal Aid & Institutional Relation Group Head PT Angkasa Pura Indonesia
                                                  (September 2024–sekarang).
                                                  Legal Aid & Institutional Relation Group Head of PT Angkasa Pura Indonesia
                                                  (September 2024–present).

                                                  Hubungan Afiliasi | Affilial Relationship
                                                  Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi,
                                                  Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                                  He has no affiliation with members of the Board of Commissioners, Board
                                                  of Directors, Committees, or the Company’s Shareholders and Controlling
                                                  Shareholders.

                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report   357
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        2025 Highlights    Management Report     About the Company         Management Discussion and Analysis   Corporate Governance




        Uraian Tugas dan Tanggung Jawab
      Sekretaris Perusahaan
      Duties and Responsibilities of the Corporate Secretary

      Sesuai dengan Keputusan Direksi PT Angkasa Pura                 In accordance with the Decision of the Board of Directors
      Indonesia Nomor PD.DU.0030/IX/2024 tentang Struktur             of PT Angkasa Pura Indonesia Number PD.DU.0030/
      Organisasi PT Angkasa Pura Indonesia yang diterbitkan           IX/2024 concerning the Organizational Structure of PT
      pada 9 September 2024, Sekretaris Perusahaan atau               Angkasa Pura Indonesia issued on September 9, 2024,
      Corporate Secretary Group Head bertanggung jawab                the Corporate Secretary or Corporate Secretary Group
      dalam mengelola seluruh aspek kesekretariatan                   Head is responsible for managing all aspects of corporate
      perusahaan serta membangun hubungan dengan                      secretarial functions and maintaining relationships with
      pemangku kepentingan (stakeholder). Selain itu,                 stakeholders. In addition, this role includes managing
      peran ini mencakup pengelolaan komunikasi korporasi             corporate communications to maintain and enhance the
      untuk menjaga dan meningkatkan citra perusahaan                 company’s overall image in line with the Company Work
      secara keseluruhan sesuai dengan Rencana Kerja dan              Plan and Budget (CWPB), ensuring compliance with both
      Anggaran Perusahaan (RKAP), memastikan kepatuhan                external and internal regulations, and implementing risk
      terhadap regulasi eksternal dan internal, serta                 management and internal control systems within the
      mengimplementasikan manajemen risiko dan sistem                 respective unit.
      pengendalian internal pada unit kerjanya.

      Tanggung jawab Corporate Secretary adalah sebagai               The responsibilities of the Corporate Secretary are as
      berikut:                                                        follows:
      1. Memastikan tersedianya dan terlaksananya Rencana             1. Ensuring the availability and implementation of the
         Kerja dan Anggaran Perusahaan (RKAP) pada unit                   Company Work Plan and Budget (CWPB) within the
         kerjanya;                                                        respective work unit;
      2. Memastikan tercapainya kontrak manajemen yang                2. Ensuring the achievement of agreed management
         telah disepakati;                                                contracts;
      3. Memastikan pelaksanaan perannya sebagai people               3. Ensuring the effective execution of their role as a
         manager pada unit kerjanya;                                      people manager within the work unit;
      4. Memastikan pengembangan ide terhadap proses                  4. Ensuring the active development of ideas for process
         inovasi dan produk secara aktif serta mendukung                  and product innovation, as well as supporting
         inovasi yang berasal dari unit kerja lain;                       innovations originating from other work units;
      5. Memastikan pelaksanaan kegiatan unit kerja selaras           5. Ensuring that work unit activities are aligned with and
         dan relevan dengan sistem manajemen yang                         relevant to the management systems adopted by the
         diterapkan perusahaan;                                           Company;
      6. Memastikan kesesuaian pelaksanaan kegiatan unit              6. Ensuring that work unit activities comply with
         kerja dengan peraturan perundang-undangan serta                  applicable laws and regulations as well as internal
         kebijakan internal perusahaan;                                   company policies;
      7. Memastikan terpenuhinya perizinan yang terkait               7. Ensuring the fulfillment of licensing requirements
         dengan bidang unit kerjanya sesuai dengan ketentuan              related to the work unit in accordance with prevailing
         peraturan perundang-undangan;                                    regulations;
      8. Memastikan terlaksananya tata kelola perusahaan              8. Ensuring the implementation of good corporate
         yang baik pada unit kerjanya;                                    governance within the work unit;
      9. Memastikan terlaksananya seluruh proses manajemen            9. Ensuring the implementation of risk management
         risiko, pemutakhiran risk register, serta penguatan              processes, regular updates to the risk register, and the
         budaya sadar risiko pada unit kerjanya;                          development of a risk-aware culture within the work
                                                                          unit;
      10. Memastikan terlaksananya sistem pengendalian                10. Ensuring the implementation of internal control
          internal pada unit kerjanya;                                    systems within the work unit;
      11. Memastikan terlaksananya pengelolaan seluruh                11. Ensuring the proper management of all corporate
          aspek kesekretariatan perusahaan;                               secretarial functions;
      12. Memastikan terlaksananya pengelolaan seluruh                12. Ensuring the proper management of all corporate
          aspek komunikasi perusahaan;                                    communication functions;
      13. Memastikan terlaksananya pengelolaan hubungan               13. Ensuring effective management of relationships with
          dengan pemangku kepentingan, baik internal                      both internal and external stakeholders, including
          maupun eksternal, termasuk hubungan dengan                      investor relations;
          investor (investor relations);
      14. Memastikan tersedianya informasi atau fakta material        14. Ensuring the availability of material information or



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    terkait obligasi yang dilaporkan kepada pihak yang                       facts related to bonds to be reported to authorized
    berwenang sesuai dengan ketentuan peraturan                              parties in accordance with applicable regulations;
    perundang-undangan;
15. Memastikan tersedianya informasi dan dokumentasi                     15. Ensuring the availability of company information
    perusahaan untuk mendukung proses pengambilan                            and documentation to support decision-making
    keputusan;                                                               processes;
16. Memastikan tersedianya kebijakan, strategi, dan                      16. Ensuring the availability of policies, strategies, and
    prosedur operasional standar (SOP) di bidang                             standard operating procedures (SOPs) related to
    Corporate Secretary.                                                     Corporate Secretary functions.




  Uraian Pelaksanaan Tugas Sekretaris
Perusahaan Tahun 2025
Description of the Implementation of Duties of the Corporate
Secretary In 2025

Pelaksanaan tugas dan tanggung jawab Sekretaris                          The execution of duties and responsibilities throughout
Perusahaan sepanjang tahun 2025 meliputi:                                2025 includes:
1. Mengarahkan dan mengevaluasi komunikasi internal                      1. Directing and evaluating internal and external
   dan eksternal Perusahaan;                                                corporate communications of the Company;
2. Mengevaluasi peninjauan materi komunikasi internal                    2. Overseeing     the    review  of   internal     airport
   bandara;                                                                 communication materials;
3. Mengarahkan       dan   mengevaluasi    pengelolaan                   3. Directing and evaluating the management of
   corporate branding untuk membangun citra positif                         corporate branding to build a positive image of the
   Perusahaan di mata internal maupun eksternal;                            Company in the eyes of internal and external parties;
4. Menganalisis dan meninjau kembali seluruh materi                      4. Reviewing all communication materials (press
   komunikasi (siaran pers, standby statement, media                        releases, standby statements, media inquiries);
   inquiry);
5. Mengarahkan       dan   mengevaluasi    pengelolaan                   5. Managing internal and external corporate events;
   corporate event internal and eksternal;
6. Mengarahkan       dan   mengevaluasi    pengelolaan                   6. Directing the Company’s secretarial activities;
   kegiatan kesekretariatan Perusahaan;
7. Mengarahkan       dan   mengevaluasi    pengelolaan                   7. Directing and evaluating protocol management;
   keprotokolan;
8. Mengarahkan dan mengevaluasi dokumentasi                              8. Directing and evaluating the documentation of the
   Perusahaan berbentuk foto, video, company profile,                       Company’s activities (photos, videos, company profile,
   dan video profil Perusahaan;                                             company video profile);
9. Mengelola     Laporan     Tahunan    dan   Laporan                    9. Managing the Annual Report and Sustainability
   Keberlanjutan.                                                           Report.




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        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      UNIT INTERNAL AUDIT
      INTERNAL AUDIT UNIT



      PT Angkasa Pura Indonesia memiliki unit internal yang          PT Angkasa Pura Indonesia has an internal unit that
      berfungsi untuk membantu Direktur Utama dalam                  functions to assist the President Director in carrying
      menjalankan fungsi pengawasan terhadap efektivitas             out supervisory duties over the effectiveness of the
      sistem pengendalian internal dan pelaksanaan Good              internal control system and the implementation of Good
      Corporate Governance (GCG) di perusahaan. Berdasarkan          Corporate Governance (GCG) within the company. Based
      Peraturan Direksi PT Angkasa Pura Indonesia Nomor              on the Decree of the Board of Directors of PT Angkasa
      PD.DU.0007/OM.01/2025 tanggal 27 Mei 2025 tentang              Pura Indonesia No. PD.DU.0007/OM.01/2025 dated May
      Organisasi Perusahaan PT Angkasa Pura Indonesia, unit          27, 2025 concerning the Organization PT Angkasa Pura
      Internal Audit berkedudukan langsung di bawah Direktur         Indonesia, the Internal Audit unit is positioned directly
      Utama. Pelaksanaan tugas unit Internal Audit dapat             under the President Director. The execution of duties by
      bersinergi dengan Komite Audit serta Komite Pemantau           the Internal Audit unit may be carried out in synergy with
      Manajemen Risiko dan Tata Kelola Terintegrasi.                 the Audit Committee as well as the Risk Management
                                                                     and Integrated Governance Oversight Committee.




          Fungsi Unit Internal Audit
      Internal Audit Unit Functions

      Fungsi Internal Audit di PT Angkasa Pura Indonesia             The Internal Audit function at PT Angkasa Pura Indonesia
      memiliki peran strategis dalam mendukung terciptanya           has a strategic role in supporting the creation of good
      tata kelola perusahaan yang baik. Sebagai unit                 corporate governance. As an independent unit, Internal
      independen, Internal Audit bertugas memberikan                 Audit is tasked with providing an objective assessment
      penilaian objektif terhadap kecukupan dan efektivitas          of the adequacy and effectiveness of the internal
      sistem pengendalian internal, manajemen risiko,                control system, risk management, and compliance with
      serta kepatuhan terhadap peraturan dan kebijakan               company regulations and policies. With a systematic and
      perusahaan. Dengan pendekatan yang sistematis dan              structured approach, this function assists management
      terstruktur, fungsi ini membantu manajemen dalam               in identifying areas that need improvement and provides
      mengidentifikasi area yang perlu diperbaiki serta              recommendations for improving the company’s overall
      memberikan rekomendasi untuk peningkatan kinerja               performance and accountability.
      dan akuntabilitas perusahaan secara keseluruhan.

      Fungsi Unit Internal Audit, yaitu:                             The functions of the Internal Audit Unit are:
      1. Melakukan evaluasi atas efektivitas pelaksanaan             1. Evaluating the effectiveness of the implementation
         pengendalian intern, Manajemen Risiko, dan proses              of internal control, risk management, and corporate
         tata kelola Perusahaan, sesuai dengan ketentuan                governance processes, in accordance with the
         peraturan perundang-undangan dan kebijakan                     provisions of laws and regulations and Company
         Perusahaan;                                                    policies;
      2. Melakukan pemeriksaan dan penilaian atas efisiensi          2. Conducting examinations and assessments of
         dan efektivitas di bidang keuangan, operasional,               efficiency and effectiveness in the fields of finance,
         sumber daya manusia, teknologi informasi, dan                  operations, human resources, information technology,
         kegiatan lainnya.                                              and other activities.




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    Struktur dan Kedudukan Unit Internal Audit
Structure and Position of Internal Audit Unit

Unit Internal Audit merupakan salah satu fungsi                          The Internal Audit Unit is one of the internal control
pengawasan internal yang memiliki peran strategis                        functions that plays a strategic role in supporting the
dalam mendukung penerapan tata kelola perusahaan                         implementation of good corporate governance and
yang baik serta pencapaian tujuan Perusahaan secara                      the achievement of the Company’s objectives in an
efektif dan efisien. Dalam pelaksanaannya, struktur Unit                 effective and efficient manner. In carrying out its duties,
Internal Audit dirancang secara proporsional dengan                      the structure of the Internal Audit Unit is designed
mempertimbangkan kompleksitas kegiatan usaha,                            proportionally by taking into account the complexity of
risiko operasional, serta kebutuhan pengawasan yang                      business activities, operational risks, and the need for
berkelanjutan.                                                           continuous oversight.

Secara struktural, Unit Internal Audit terdiri atas                      Structurally, the Internal Audit Unit consists of a number
sejumlah Auditor Internal yang memiliki kompetensi                       of Internal Auditors who possess the competence and
dan independensi dalam menjalankan tugasnya, serta                       independence required to perform their duties, and
dipimpin oleh seorang Kepala Unit Internal Audit yang                    is led by the Head of the Internal Audit Unit, who is
merupakan pejabat satu tingkat di bawah Direktur Utama.                  positioned one level below the President Director. The
Jumlah Auditor Internal ditetapkan secara dinamis sesuai                 number of Internal Auditors is determined dynamically
dengan kebutuhan organisasi dan tingkat kompleksitas                     in accordance with organizational needs and the level of
aktivitas bisnis Perusahaan, guna memastikan efektivitas                 complexity of the Company’s business activities, in order
pelaksanaan fungsi audit internal.                                       to ensure the effectiveness of internal audit functions.

Dari sisi kedudukan, Unit Internal Audit merupakan unit                  In terms of position, the Internal Audit Unit is a working
kerja yang berfungsi membantu manajemen dalam                            unit that assists management in carrying out assurance
menjalankan fungsi assurance dan consulting, dengan                      and consulting functions, with the objective of providing
tujuan memberikan nilai tambah serta meningkatkan                        added value and improving the effectiveness of risk
kualitas pengelolaan risiko, pengendalian internal, dan                  management, internal control, and corporate governance
proses tata kelola Perusahaan. Unit ini berkedudukan                     processes. The Unit reports directly to the President
langsung di bawah Direktur Utama, sehingga memiliki                      Director, thereby ensuring adequate access to perform its
akses yang memadai untuk menjalankan tugasnya                            duties independently and objectively.
secara independen dan objektif.

Kepala Unit Internal Audit diangkat dan diberhentikan                    The Head of the Internal Audit Unit is appointed and
oleh Direktur Utama dengan persetujuan Dewan                             dismissed by the President Director with the approval of
Komisaris, serta bertanggung jawab langsung kepada                       the Board of Commissioners, and is directly accountable
Direktur Utama. Dalam menjalankan fungsinya, Kepala                      to the President Director. In performing its functions,
Unit Internal Audit juga memiliki akses komunikasi                       the Head of the Internal Audit Unit also has direct
langsung dengan Dewan Komisaris melalui Komite Audit,                    communication access with the Board of Commissioners
khususnya untuk menyampaikan hal-hal yang berkaitan                      through the Audit Committee, particularly to convey
dengan pelaksanaan aktivitas audit internal, temuan                      matters related to internal audit activities, significant
signifikan, serta rekomendasi perbaikan.                                 findings, and recommendations for improvement.

Apabila Kepala Unit Internal Audit tidak memenuhi                        In the event that the Head of the Internal Audit Unit
persyaratan sebagai Auditor Internal sebagaimana                         does not meet the qualifications as an Internal Auditor as
diatur dalam Peraturan Otoritas Jasa Keuangan No. 56/                    stipulated under Financial Services Authority Regulation
POJK.04/2015 atau dinilai tidak mampu menjalankan                        No. 56/POJK.04/2015 or is deemed unable or incompetent
tugas dan tanggung jawabnya secara efektif, maka                         in performing their duties, the President Director may
Direktur Utama berwenang untuk memberhentikan                            dismiss the respective Head of the Internal Audit Unit,
yang bersangkutan setelah memperoleh persetujuan                         subject to the approval of the Board of Commissioners.
Dewan Komisaris. Ketentuan ini memastikan bahwa                          This provision ensures that the Internal Audit function
fungsi Internal Audit senantiasa dijalankan oleh pihak                   is consistently carried out by qualified and competent
yang kompeten dan memenuhi standar profesional yang                      professionals in accordance with applicable standards.
berlaku.

Seluruh anggota Unit Internal Audit bertanggung jawab                    All members of the Internal Audit Unit are accountable in
secara berjenjang kepada Kepala Unit Internal Audit,                     a hierarchical manner to the Head of the Internal Audit
sehingga tercipta garis koordinasi dan akuntabilitas yang                Unit, thereby establishing clear lines of coordination and



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         2025 Highlights     Management Report         About the Company        Management Discussion and Analysis   Corporate Governance




      jelas dalam pelaksanaan tugas. Selain itu, Unit Internal              accountability in the execution of duties. Furthermore,
      Audit juga menjalankan perannya sebagai Satuan                        the Internal Audit Unit also performs its role as an
      Kerja Audit Internal Terintegrasi (SKAIT), dalam rangka               Integrated Internal Audit Function (Satuan Kerja Audit
      mendukung penerapan tata kelola perusahaan yang                       Internal Terintegrasi/SKAIT), in order to support the
      terintegrasi di lingkungan Perusahaan, sehingga tercipta              implementation of integrated corporate governance
      sinergi, konsistensi, dan efektivitas fungsi audit internal di        across the AP Indonesia Group, thereby fostering synergy,
      seluruh entitas dalam grup.                                           consistency, and effectiveness of internal audit functions
                                                                            across all entities within the group.


                                      Struktur dan Kedudukan Unit Internal Audit
                                        Structure and Position of the Internal Audit Unit


                            Komite Audit
                           Audit Committee                       Direktur Utama
                                                                President Director


                                     Internal Audit           Wakil Direktur Utama
                                      Internal Audit          Vice President Director




           Direktur
                                                                                                      Direktur
         Strategi dan             Direktur                                                                           Direktur Human
                                                        Direktur               Direktur            Keuangan dan
       Pengembangan              Komersial                                                                               Capital
                                                         Teknik                Operasi           Manajemen Risiko
          Teknologi              Director of                                                                            Director of
                                                       Director of            Director of            Director of
      Director of Strategy      Commercial                                                                            Human Capital
                                                       Technical              Operations          Finance and Risk
       and Technology
                                                                                                    Management
         Development




           Struktur Organisasi Unit Internal Audit
      Internal Audit Unit Organizational Structure

      Secara organisasi, Unit Internal Audit terdiri atas                   Organizationally, the Internal Audit Unit consists of a
      sejumlah Auditor Internal yang memiliki kompetensi dan                number of Internal Auditors who possess the required
      profesionalisme dalam bidang audit. Unit ini dipimpin                 competence and professionalism in the field of auditing.
      oleh seorang pejabat satu tingkat di bawah Direktur                   The Unit is led by an official one level below the President
      Utama yang disebut sebagai Internal Audit Group Head,                 Director, referred to as the Internal Audit Group Head,
      yang bertanggung jawab atas keseluruhan pelaksanaan                   who is responsible for the overall implementation of
      fungsi audit internal di lingkungan Perusahaan.                       internal audit functions within the Company.

      Berdasarkan Peraturan Direksi PT Angkasa Pura Indonesia               Based on the Board of Directors Regulation of PT Angkasa
      No. PD.DU.0007/OM.01/2025 tanggal 27 Mei 2025 tentang                 Pura Indonesia No. PD.DU.0007/OM.01/2025 dated May
      Organisasi Perusahaan PT Angkasa Pura Indonesia,                      27, 2025 concerning the Company’s Organizational
      Internal Audit Group Head membawahi tiga fungsi                       Structure, the Internal Audit Group Head oversees three
      utama, yaitu Operational Audit Division Head, Business                main functions, namely the Operational Audit Division
      & Supporting Audit Division Head, serta Special Audit &               Head, the Business & Supporting Audit Division Head,
      Advisory Division Head. Ketiga fungsi tersebut dibentuk               and the Special Audit & Advisory Division Head. These
      untuk memastikan cakupan audit yang komprehensif,                     functions are established to ensure comprehensive audit
      baik terhadap aspek operasional, proses bisnis dan fungsi             coverage across operational aspects, business processes
      pendukung, maupun kegiatan audit khusus dan advisory.                 and supporting functions, as well as special audits and
                                                                            advisory activities.




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Dengan struktur tersebut, Unit Internal Audit diharapkan                   With this structure, the Internal Audit Unit is expected to
mampu menjalankan fungsi pengawasan secara efektif,                        perform its oversight function effectively, in an integrated
terintegrasi, dan berbasis risiko, serta memberikan                        and risk-based manner, while providing added value
nilai tambah melalui rekomendasi yang konstruktif                          through constructive recommendations to enhance
bagi peningkatan kinerja dan tata kelola Perusahaan.                       the Company’s performance and governance practices.
Adapun struktur organisasi Unit Internal Audit adalah                      The organizational structure of the Internal Audit Unit is
sebagaimana ditunjukkan pada bagan berikut.                                presented in the following diagram.




                                                   INTERNAL AUDIT GROUP HEAD




            OPERATIONS                                      BUSSINES &                                       SPECIAL
              AUDIT                                      SUPPORTING AUDIT                                 AUDIT ADVISORY




              AUDITOR                                           AUDITOR                                        AUDITOR




Dalam rangka mendukung pelaksanaan fungsi dan                              To support the implementation of the Internal Audit
kegiatan Unit Internal Audit, Perusahaan melakukan                         Unit’s functions and activities, the Company has made
penyesuaian terhadap komposisi jumlah personil Unit                        adjustments to the composition of personnel within
Internal Audit PT Angkasa Pura Indonesia. Penyesuaian                      the Internal Audit Unit of PT Angkasa Pura Indonesia.
tersebut dilakukan melalui mekanisme penugasan                             These adjustments were carried out through employee
karyawan (job assignment) sebagaimana ditetapkan                           assignments (job assignment) as stipulated in the
dalam Surat Perintah Direksi, antara lain melalui Surat                    Board of Directors’ Assignment Letters, namely the
Perintah Direksi PT Angkasa Pura Indonesia No. SPR.                        Board of Directors’ Assignment Letter of PT Angkasa
DH.228/KP.04.01/2025 tentang Penugasan Karyawan PT                         Pura Indonesia No. SPR.DH.228/KP.04.01/2025 regarding
Angkasa Pura Indonesia melalui job assignment pada                         Employee Assignment through job assignment to the
Unit Internal Audit, serta Surat Perintah Direksi No. SPR.                 Internal Audit Unit, as well as the Board of Directors’
DH.247/KP.04.01/2025 dengan ketentuan yang serupa.                         Assignment Letter No. SPR.DH.247/KP.04.01/2025 with
                                                                           similar provisions.

Melalui kebijakan tersebut, Perusahaan memastikan                          Through this policy, the Company ensures that the Internal
bahwa Unit Internal Audit didukung oleh sumber daya                        Audit Unit is supported by adequate human resources,
manusia yang memadai, baik dari sisi jumlah maupun                         both in terms of quantity and competence, to effectively
kompetensi, guna menunjang efektivitas pelaksanaan                         carry out assurance and consulting functions. The job
fungsi assurance dan consulting. Penugasan melalui job                     assignment mechanism also reflects the Company’s
assignment juga mencerminkan fleksibilitas organisasi                      organizational flexibility in optimizing internal resources
dalam mengoptimalkan pemanfaatan sumber daya                               to meet dynamic oversight requirements.
internal untuk memenuhi kebutuhan pengawasan yang
dinamis.

Sampai dengan Desember 2025, Unit Internal Audit                           As of December 2025, the Internal Audit Unit was
didukung oleh total 33 (tiga puluh tiga) personil,                         supported by a total of 33 (thirty-three) personnel,
termasuk karyawan yang ditugaskan melalui mekanisme                        including employees assigned through the job
job assignment. Komposisi personil tersebut dirancang                      assignment mechanism. This personnel composition
untuk memastikan cakupan audit yang memadai                                is designed to ensure adequate audit coverage and to
serta mendukung pelaksanaan kegiatan audit yang                            support the implementation of integrated and risk-based
terintegrasi dan berbasis risiko.                                          audit activities.




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        2025 Highlights     Management Report       About the Company        Management Discussion and Analysis    Corporate Governance




                                         Jabatan                                                      Jumlah Pegawai
                                         Position                                                     Total Employees

       Internal Audit Group Head                                                                              1

       Internal Audit Division Head                                                                           3

       Operational Audit (DUIO)                                                                              10

       Business & Supporting Audit (DUIB)                                                                     11

       Special Audit & Advisory (DUIS)                                                                        8

       Total                                                                                                 33




          Tugas dan Tanggung Jawab Unit Internal Audit
      Duties and Responsibilities of Internal Audit Unit

      Tugas dan tanggung jawab Unit Internal Audit telah                 The duties and responsibilities of the Internal Audit Unit
      diatur dalam Piagam Internal Audit No. PD.DU.0058/                 are regulated in Internal Audit Charter No. PD.DU.0058/
      PG.03/2025 tanggal 12 Desember 2025.                               PG.03/2025 dated 12 December 2025.



      Tugas Unit Internal Audit                                          Duties of the Internal Audit Unit

      Tugas Unit Internal Audit meliputi:                                The duties of the Internal Audit Unit include:
      1. Melakukan pemeriksaan dan penilaian (assurance)                 1. To conduct examinations and assessments (assurance)
         atas efisiensi dan efektivitas di bidang keuangan,                 on the efficiency and effectiveness of activities in
         akuntansi, operasional, sumber daya manusia,                       the areas of finance, accounting, operations, human
         pemasaran, teknologi informasi, serta kegiatan                     capital, marketing, information technology, and other
         lainnya.                                                           functions.
      2. Menguji dan mengevaluasi pelaksanaan sistem                     2. To test and evaluate the implementation of
         pengendalian manajemen, manajemen risiko, serta                    management control systems, risk management, and
         proses tata kelola agar selaras dengan kebijakan                   governance processes to ensure alignment with the
         Perusahaan dan ketentuan yang berlaku.                             Company’s policies and applicable regulations.
      3. Memberikan jasa konsultansi atas seluruh proses bisnis          3. To provide consulting services across all business
         Perusahaan tanpa mengambil alih tanggung jawab                     processes of the Company without assuming
         manajemen, dengan tetap menjaga independensi                       management responsibilities, while maintaining
         dan objektivitas.                                                  independence and objectivity.
      4. Melaksanakan      audit   investigatif (pemeriksaan             4. To perform investigative audits (special audits) when
         khusus) apabila diperlukan dan/atau atas permintaan                necessary and/or upon management’s request.
         manajemen.
      5. Memberikan penilaian dan rekomendasi atas hasil                 5. To provide assessments and recommendations based
         audit serta melakukan pemantauan atas tindak                       on audit results and to monitor follow-up actions
         lanjutnya untuk memastikan implementasi yang                       to ensure proper and effective implementation in
         efektif dan sesuai ketentuan.                                      accordance with applicable provisions.



      Tanggung Jawab Unit Internal Audit                                 Responsibilities of the Internal Audit
                                                                         Unit
      Tanggung jawab Unit Internal Audit adalah sebagai                  The responsibilities of the Internal Audit Unit are as
      berikut:                                                           follows:
      1. Menyusun    rencana     strategis  Internal   Audit             1. To prepare the Internal Audit strategic plan with
         dengan mengacu pada Rencana Jangka Panjang                          reference to the Company’s Long-Term Plan (RJPP),
         Perusahaan (RJPP), serta menyampaikannya kepada                     and to submit such plan to the President Director with
         Direktur Utama dengan tembusan kepada Dewan                         copies to the Board of Commissioners through the
         Komisaris melalui Komite Audit untuk dievaluasi dan                 Audit Committee for evaluation and approval.



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   memperoleh persetujuan.
2. Menyusun Program Kerja dan Anggaran Tahunan                           2. To prepare the Annual Work Program and Budget
   Unit Internal Audit serta menyampaikannya kepada                         of the Internal Audit Unit and to submit such a plan
   Direktur Utama dengan tembusan kepada Dewan                              to the President Director with copies to the Board
   Komisaris melalui Komite Audit untuk dievaluasi dan                      of Commissioners through the Audit Committee for
   memperoleh persetujuan.                                                  evaluation and approval.
3. Menyampaikan laporan kinerja Unit Internal Audit                      3. To periodically report the performance of the Internal
   secara berkala kepada Direktur Utama dengan                              Audit Unit to the President Director with copies
   tembusan kepada Dewan Komisaris melalui Komite                           to the Board of Commissioners through the Audit
   Audit.                                                                   Committee.
4. Menyampaikan Laporan Hasil Audit (LHA) kepada                         4. To submit Audit Reports to the President Director as a
   Direktur Utama sebagai dasar pengambilan                                 basis for management decision-making.
   keputusan manajemen.
5. Melaksanakan pemantauan atas tindak lanjut hasil                      5. To monitor the follow-up of audit findings and to report
   audit serta melaporkannya secara berkala kepada                          the progress periodically to the President Director.
   Direktur Utama.
6. Menjaga     kecukupan      jumlah    auditor  serta                   6. To ensure the adequacy of the number of auditors
   meningkatkan kompetensi melalui pendidikan                               and to enhance competencies through continuous
   profesional berkelanjutan dan sertifikasi yang                           professional education and relevant certifications,
   relevan, termasuk pemahaman terhadap peraturan                           including knowledge of applicable laws and
   perundang-undangan yang berlaku.                                         regulations.
7. Menyusun dan melaksanakan program evaluasi serta                      7. To develop and implement a continuous improvement
   peningkatan kualitas secara berkelanjutan (quality                       and quality assurance program for Internal Audit
   assurance) atas kegiatan Internal Audit.                                 activities.




    Tugas dan Tanggung Jawab Internal Audit Group Head
Duties and Responsibilities of Internal Audit Group Head

Internal Audit Group Head bertugas untuk memastikan                      The Internal Audit Group Head is responsible for ensuring
pengelolaan pengendalian internal dan proses tata kelola                 the management of internal controls and corporate
perusahaan melalui pemeriksaan, penilaian, dan evaluasi                  governance processes through examination, assessment,
atas efisiensi dan efektivitas kegiatan perusahaan sesuai                and evaluation of the efficiency and effectiveness of
dengan peraturan internal dan eksternal berdasarkan                      company activities in accordance with internal and
risk-based audit, serta melaksanakan kepatuhan sesuai                    external regulations based on risk-based audit, as well as
dengan peraturan perundang-undangan dan peraturan                        ensuring compliance with applicable laws, regulations,
internal Perusahaan.                                                     and internal Company policies.

Tanggung jawab Internal Audit Group Head yaitu sebagai                   The responsibilities of the Internal Audit Group Head are
berikut:                                                                 as follows:
1. Menyusun rencana strategis Internal Audit dengan                      1. Develop the Internal Audit strategic plan by referring
   mengacu     kepada    Rencana     Jangka    Panjang                       to the Company’s Long-Term Plan (CLPP) and submit
   Perusahaan (RJPP) Perusahaan dan menyampaikan                             the plan to the President Director with a copy to
   rencana tersebut kepada Direktur Utama dengan                             the Board of Commissioners through the Audit
   tembusan Dewan Komisaris melalui Komite Audit                             Committee for evaluation and approval.
   untuk dievaluasi dan mendapat persetujuan.
2. Menyusun Program Kerja dan Anggaran Tahunan Unit                      2. Prepare the Annual Work Program and Budget of
   Internal Audit dan menyampaikan rencana tersebut                         the Internal Audit Unit and submit it to the President
   kepada Direktur Utama dengan tembusan Dewan                              Director with a copy to the Board of Commissioners
   Komisaris melalui Komite Audit untuk dievaluasi dan                      through the Audit Committee for evaluation and
   mendapat persetujuan.                                                    approval.
3. Melaporkan laporan kinerja Unit Internal Audit secara                 3. Submit regular performance reports of the Internal
   berkala kepada Direktur Utama dengan tembusan                            Audit Unit to the President Director with a copy
   kepada Dewan Komisaris melalui Komite Audit.                             to the Board of Commissioners through the Audit
                                                                            Committee.
4. Menyampaikan Laporan Hasil Audit (LHA) kepada                         4. Submit Audit Reports to the President Director.
   Direktur Utama.



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        2025 Highlights    Management Report    About the Company         Management Discussion and Analysis    Corporate Governance




      5. Melaksanakan monitoring atas tindak lanjut hasil            5. Conduct monitoring of audit follow-ups and report
         audit serta melaporkan secara berkala kepada                   periodically to the President Director.
         Direktur Utama.
      6. Menjaga kecukupan jumlah personel auditor dan               6. Maintain an adequate number of audit personnel and
         melaksanakan pendidikan profesional berkelanjutan              ensure the implementation of continuous professional
         sesuai dengan kebutuhan kompetensi auditor                     education in accordance with auditor competency
         serta sertifikasi profesional yang memadai untuk               requirements, including obtaining appropriate
         melaksanakan persyaratan audit, termasuk memiliki              professional certifications and knowledge of relevant
         pengetahuan       tentang    peraturan  perundang-             laws and regulations.
         undangan.
      7. Menyusun program evaluasi peningkatan dan                   7. Develop and implement a continuous improvement
         perbaikan berkelanjutan (quality assurance) kegiatan           and quality assurance program for Internal Audit
         Internal Audit.                                                activities.




          Profil Internal Audit Group Head
      Profile of the Internal Audit Group Head


                                               Dasar Pengangkatan | Basis of Appointment
                                               Keputusan Direksi PT Angkasa Pura Indonesia No. KEP.DU.0002/IX/2024
                                               tentang Penetapan Karyawan Pada Jabatan Organisasi Perusahaan PT
                                               Angkasa Pura Indonesia
                                               Decree of the Board of Directors of PT Angkasa Pura Indonesia No. KEP.
                                               DU.0002/IX/2024 concerning the Assignment of Employees to the Position
                                               of the Company Organization of PT Angkasa Pura Indonesia

                                               Periode Penugasan | Term of Appointment
                                               2024-sekarang
                                               2024-present

                                               Riwayat Pendidikan | Education Background
                                               y Diploma II dari Pengatur Komunikasi Penerbangan, angkatan XXVII, PLP
                                                 Curug (1990).
         Deni Krisnowibowo,                    y Sarjana dari Fakultas Hukum di Universitas Tanjung Pura, Pontianak (1998).
         SH., M.M.                             y Magister Manajemen dari Universitas Gadjah Mada, Yogyakarta (2005).
                                               y Diploma in Taxation, State College of Accountancy (2006).
         Internal Audit Group Head             y Bachelor of Management Science, University of Indonesia, Jakarta (2010).
         Internal Audit Group Head             y Master of Economic Management, School of Business, Bogor Agricultural
                                                 Institute (2019).
         Kewarganegaraan | Citizenship
         Indonesia | Indonesian                Riwayat Pekerjaan | Employment History
                                               y Pengatur lalu lintas udara Bandara Supadio Pontianak di PT Angkasa
         Domisili | Residence                    Pura II (1991-1999).
                                               y Auditor Satuan Pengawasan Internal di PT Angkasa Pura II (1999-2000).
         Tangerang                             y Penanggung Jawab Perjanjian Pengadaan Barang & Jasa di PT Angkasa
         Tangerang                               Pura II (2000-2002).
                                               y Kepala Divisi Perjanjian dan Kerjasama Bandara Internasional Soekarno-
         Usia | Age                              Hatta Tangerang di PT Angkasa Pura II (2002-2005).
         56 tahun | 56 years old               y Legal Manager di PT Angkasa Pura II (2005-2007).
                                               y Ketua Panitia Pelelangan Bandara Internasional Soekarno-Hatta
                                                 Tangerang di PT Angkasa Pura II (2007-2008).
                                               y Kepala Bidang Komersial Bandara Internasional Soekarno-Hatta
                                                 Tangerang di PT Angkasa Pura II (2008-2009).
                                               y Vice President of Airport Business di PT Angkasa Pura II (2009-2012).
                                               y Deputi Direktur Bisnis Penerbangan di PT Angkasa Pura II (2012-2015).
                                               y Vice President of Non-Aeronautical Business di PT Angkasa Pura II
                                                 (2015-2016).
                                               y Chief of Airport Development di PT Angkasa Pura II (2017 - 2019).
                                               y Senior Vice President of Corporate Secretary di PT Angkasa Pura II (2019-2024).
                                               y Internal Audit Group Head di PT Angkasa Pura Indonesia (2024 -
                                                 Sekarang).




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                                                    y Air traffic controller of Supadio Airport Pontianak at PT Angkasa Pura II
                                                      (1991-1999).
                                                    y Auditor of the Internal Control Unit at PT Angkasa Pura II (1999-2000).
                                                    y Person in Charge of Goods & Services Procurement Agreement at PT
                                                      Angkasa Pura II (2000-2002).
                                                    y Head of Agreement and Cooperation Division of Soekarno-Hatta
                                                      International Airport Tangerang at PT Angkasa Pura II (2002-2005).
                                                    y Legal Manager at PT Angkasa Pura II (2005-2007).
                                                    y Chairman of Soekarno-Hatta International Airport Tangerang Bidding
                                                      Committee at PT Angkasa Pura II (2007-2008).
                                                    y Head of Commercial Division of Soekarno-Hatta International Airport
                                                      Tangerang at PT Angkasa Pura II (2008-2009).
                                                    y Vice President of Airport Business at PT Angkasa Pura II (2009-2012).
                                                    y Deputy Director of Aviation Business at PT Angkasa Pura II (2012-2015).
                                                    y Vice President of Non-Aeronautical Business at PT Angkasa Pura II (2015-
                                                      2016).
                                                    y Chief of Airport Development at PT Angkasa Pura II (2017-2019).
                                                    y Senior Vice President of Corporate Secretary at PT Angkasa Pura II (2019-
                                                      2024).
                                                    y Internal Audit Group Head at PT Angkasa Pura Indonesia (2024 - Present).

                                                    Rangkap Jabatan | Concurrent Position
                                                    Tidak Ada.
                                                    None.

                                                    Hubungan Afiliasi | Affilial Relationship
                                                    Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi,
                                                    Komite, maupun Pemegang Saham dan Pengendali Utama Perusahaan.
                                                    He has no affiliation with members of the Board of Commissioners, Board
                                                    of Directors, Committees, or the Company’s Shareholders and Controlling
                                                    Shareholders.




     Piagam Unit Internal Audit dan Kode Etik Auditor
Internal Audit Unit Charter and Auditor Code of Conduct

Dalam menjalankan tugasnya, Unit Internal Audit PT                           In carrying out its duties, the Internal Audit Unit of PT
Angkasa Pura Indonesia berpedoman pada Piagam                                Angkasa Pura Indonesia adheres to the Internal Audit
Internal Audit (Internal Audit Charter), yang telah disetujui                Charter, which has been approved and ratified by the Board
dan disahkan oleh Dewan Komisaris serta Direksi melalui                      of Commissioners and the Board of Directors through
Surat Keputusan Bersama. Piagam Internal Audit yang                          a Joint Decree. The currently applicable Internal Audit
saat ini berlaku didasarkan pada Peraturan Direksi PT                        Charter is based on the Board of Directors Regulation of
Angkasa Pura Indonesia No. PD.DU.0058/PG.03/2025                             PT Angkasa Pura Indonesia No. PD.DU.0058/PG.03/2025
tentang Piagam Audit Internal (Internal Audit Charter),                      concerning the Internal Audit Charter, replacing the
menggantikan peraturan sebelumnya (No. PD.DU.1010/                           previous regulation (No. PD.DU.1010/XI/2024) in order
XI/2024) guna menyesuaikan kembali tugas, fungsi,                            to realign the duties, functions, and authorities of the
serta wewenang unit Internal Audit demi kelancaran                           Internal Audit Unit and to support the Company’s
operasional Perusahaan. Piagam ini disusun berdasarkan                       operational effectiveness. The Charter is formulated in
regulasi yang berlaku serta mengacu pada Standar Audit                       accordance with prevailing regulations and refers to the
Internal Global dari The Institute of Internal Auditors (IIA).               Global Internal Audit Standards issued by The Institute of
                                                                             Internal Auditors (IIA).
Isi Piagam Internal Audit ini menegaskan visi unit untuk
menjadi mitra bisnis strategis yang berintegritas dan                        The Internal Audit Charter defines the Unit’s vision to
profesional guna mendukung terwujudnya operator                              become a strategic business partner with integrity and
bandar udara kelas dunia. Unit Internal Audit memiliki                       professionalism in supporting the realization of a world-
fungsi memberikan jasa asurans dan konsultansi yang                          class airport operator. The Internal Audit Unit performs
independen serta objektif untuk mengevaluasi efektivitas                     independent and objective assurance and consulting
manajemen risiko, pengendalian internal, dan tata                            services to evaluate the effectiveness of risk management,
kelola perusahaan. Ruang lingkup tugasnya mencakup                           internal control, and corporate governance processes.



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        2025 Highlights    Management Report       About the Company         Management Discussion and Analysis   Corporate Governance




      pemeriksaan di bidang keuangan, operasional, sumber               Its scope of work includes audits across financial,
      daya manusia, hingga teknologi informasi pada seluruh             operational, human capital, and information technology
      area kegiatan bisnis Perusahaan, anak perusahaan, dan             areas, covering all business activities of the Company, its
      perusahaan terafiliasi.                                           subsidiaries, and affiliated entities.

      Struktur organisasi menetapkan bahwa Unit Internal                The organizational structure stipulates that the Internal
      Audit berkedudukan langsung di bawah Direktur Utama               Audit Unit reports directly to the President Director to
      untuk menjamin independensi. Kepala Unit Internal                 ensure independence. The Head of the Internal Audit
      Audit memiliki wewenang untuk mengakses seluruh                   Unit has the authority to access all data, information,
      data, informasi, dan properti perusahaan yang berkaitan           and Company assets relevant to the execution of its
      dengan pelaksanaan tugasnya. Selain itu, piagam ini               duties. In addition, the Charter governs the code of ethics,
      mengatur kode etik, persyaratan kompetensi auditor,               auditor competency requirements, as well as reporting
      serta mekanisme pelaporan dan pemantauan tindak                   mechanisms and follow-up monitoring processes to
      lanjut hasil audit untuk memastikan setiap rekomendasi            ensure that all audit recommendations are implemented
      perbaikan dijalankan oleh manajemen demi peningkatan              by management in order to enhance organizational value.
      nilai organisasi.




          Sistem Informasi Internal Audit
      Internal Audit Information System

      Pelaksanaan audit oleh Internal Audit didukung oleh               The implementation of audits by Internal Audit is
      Sistem Informasi Manajemen Audit (SIMA), yang                     supported by the Audit Management Information System,
      memungkinkan pencatatan data secara otomatis untuk                which enables automatic data recording for all operational
      seluruh aktivitas operasional. Data yang dikumpulkan              activities. Data collected through SIMA is then processed
      melalui SIMA kemudian diolah guna meningkatkan                    to improve performance quality and strengthen the role
      kualitas kinerja serta memperkuat peran Internal Audit            of Internal Audit in optimizing information technology
      dalam mengoptimalkan pengendalian umum teknologi                  general control (ITGC).
      informasi (ITGC).




          Kualifikasi dan Sertifikasi Profesi Staf Unit Internal Audit
      Internal Audit Unit’s Staff Qualifications and Professional Certifications

      Unit Internal Audit PT Angkasa Pura Indonesia terdiri             The Internal Audit Unit of PT Angkasa Pura Indonesia
      dari 33 auditor internal. Dalam menjalankan proses audit,         consists of 33 internal auditors. In carrying out the audit
      unit ini mengadopsi praktik terbaik bertaraf internasional        process, the unit adopts international best practices
      dengan mengacu pada Standar Profesi Audit Internal                by referring to the Internal Auditing Standards (SPAI)
      (SPAI) yang dikeluarkan oleh Konsorsium Organisasi                issued by the Consortium of Internal Audit Professional
      Profesi Audit Internal serta Kode Etik dari The Institute         Organizations, as well as the Code of Ethics of The Institute
      of Internal Auditors. Seluruh anggota tim telah memiliki          of Internal Auditors. All team members hold qualifications
      kualifikasi atau sertifikasi sebagai auditor internal             or certifications as professional internal auditors.
      profesional.




368   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 369
     Tanggung Jawab Sosial dan Lingkungan (TJSL)            Laporan Keuangan Konsolidasian
     Social and Environmental Responsibility (TJSL)         Consolidated Financial Statements




                                                          Staf Unit Internal Audit
                                                             Internal Audit Unit Staff


No            Nama Karyawan                      Jabatan                                        Sertifikasi yang Dimiliki
             Employee Name                       Position                                          Certification Held

1        Deni Krisnowibowo               Internal Audit              1. Certified Internal Audit Executive (CIAE)
                                         Group Head                  2. Certified Legal Audit (CLA)
                                                                     3. Qualified Chief Risk Officer (QCRO)
                                                                     4. Qualified Internal Audit (QIA)

2        Imam Zaenal Ehwan               Operational Audit           1. Certified of Internal Auditor (CIA)
                                         Division Head               2. Certified Internal Audit Executive (CIAE)
                                                                     3. Certified Professional Internal Audit (CPIA)

3        Rita                            Business &                  1. Qualified Risk Governance Professional (QRGP)
                                         Supporting Audit            2. Qualified Risk Management Professional (QRMP)
                                         Division Head               3. Professional Qualified Internal Audit (PQIA)

4        Rosita Kurniawati               Special Audit               1. Certified Practitioner of Internal Audit (CPIA)
                                         & Advisory                  2. Qualified Risk Management Professional (QRMP)
                                         Division Head               3. Professional Qualified Internal Audit (PQIA)

5        Zulfikar                        Operational                 1. Associate Certified Competent Internal Audit (ACCIA)
                                         Audit Specialist            2. Certified Competent Internal Audit (CCIA)
                                                                     3. Probity Audit Pengadaan Barang dan Jasa
                                                                     4. Certified Professional Internal Audit (CPIA)

6        M. Dedi Syahputra               Operational                 1. Associate Certified Competent Internal Audit (ACCIA)
                                         Audit Specialist            2. Qualified Risk Management Officer (QRMO)
                                                                     3. Certified Competent Internal Audit (CCIA)
                                                                     4. Probity Audit Pengadaan Barang dan Jasa

7        Rosdewi                         Business &                  1. Associate Certified Competent Internal Audit (ACCIA)
                                         Supporting Audit            2. Professional Qualified Internal Audit (PQIA)
                                         Specialist                  3. Qualified Risk Management Professional (QRMP)
                                                                     4. Reaktivasi Associate Certified Competent Internal Audit (ACCIA)

8        Muhammad Arif Lubis             Business &                  1. Certified Practitioner of Internal Audit
                                         Supporting Audit            2. Professional Qualified Internal Audit (PQIA)
                                         Specialist                  3. Certified Compliance Professional (CCP)

9        Wisnu Agus Setiadi              Special Audit &             1. Associate Certified Competent Internal Audit (ACCIA)
                                         Advisory Specialist         2. Qualified Risk Management Officer (QRMO)
                                                                     3. Certified Competent Internal Audit (CCIA)
                                                                     4. Certified Information System Audit (CISA)
                                                                     5. Certified Professional Internal Audit (CPIA)

10       Syailendra                      Special Audit &              1. Associate Certified Competent Internal Audit (ACCIA)
                                         Advisory Specialist          2. Certified Competent Internal Audit (CCIA)
                                                                      3. Probity Audit Pengadaan Barang dan Jasa
                                                                      4. Certified Professional Internal Audit (CPIA)

11       Nanda Fitrihanif                Operational                  1. Certified Practitioner of Internal Audit (CPIA)
         Furqoni                         Audit Officer                2. Professional Qualified Internal Audit (PQIA)
                                                                      3. Qualified Risk Management Professional (QRMP)

12       Muhammad Ihsan                  Business &                   1. Certified Practitioner of Internal Audit (CPIA)
                                         Supporting                   2. Qualified Risk Management Professional (QRMP)
                                         Audit Officer                3. Professional Qualified Internal Audit (PQIA)

13       Winarsih                        Business &                   1. Certified Practitioner of Internal Audit (CPIA)
                                         Supporting                   2. Professional Qualified Internal Audit (PQIA)
                                         Audit Officer                3. Certified Compliance Professional (CCP)

14       Ferry Wirawan                   Special Audit &              1. Associate Certified Competent Internal Audit (ACCIA)
                                         Advisory Officer             2. Certified Competent Internal Audit (CCIA)
                                                                      3. Certified Professional Internal Audit (CPIA)

15       Dwi Aries Darmawan              Project                      Certified Competent Internal Audit (CCIA)
                                         Management
                                         Senior Specialist




                                                                                                PT Angkasa Pura Indonesia 2025 Annual Report   369
Page 370
           Ikhtisar 2025         Laporan Manajemen      Tentang Perusahaan      Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
           2025 Highlights       Management Report      About the Company       Management Discussion and Analysis    Corporate Governance




      No           Nama Karyawan                 Jabatan                                Sertifikasi yang Dimiliki
                   Employee Name                 Position                                  Certification Held

      16       Batte Raymond              Project                Qualified Internal Auditor Tingkat Lanjut
                                          Management
                                          Senior Specialist

      17       Anandita Arief Aditama     Project                Certified Competent Internal Audit (CCIA)
                                          Management
                                          Senior Specialist

      18       Benny Fauzan               Project                Certified Competent Internal Audit (CCIA)
                                          Management
                                          Senior Specialist

      19       Reiza Irfansyah            Project                Certified Competent Internal Audit (CCIA)
                                          Management
                                          Senior Specialist

      20       Elfin                      Project                1. Qualified Internal Auditor (QIA)
                                          Management             2. Professional Qualified Internal Audit (PQIA)
                                          Senior Specialist

      21       Taslim                     Project                Certified Practitioner of Internal Audit (CPIA)
                                          Management
                                          Senior Specialist

      22       Dian Anggraini             Project                Certified Practitioner of Internal Audit (CPIA)
                                          Management
                                          Senior Specialist

      23       Ratih Rosini Komara        Project                1. Certified Practitioner of Internal Audit (CPIA)
                                          Management             2. Sertifikasi Qualified Internal Auditor Tingkat Lanjutan
                                          Senior Specialist

      24       Yuyun Waryunaningsih       Project                Qualified Internal Auditor Tingkat Lanjut
                                          Management
                                          Senior Specialist

      25       Muhammad Fariz             Project                1. Certified Practitioner of Internal Audit (CPIA)
                                          Management             2. Professional Qualified Internal Audit (PQIA)
                                          Specialist

      26       Indra Noviawan             Project                1. Instruktur Keamanan Penerbangan
                                          Management             2. Associate Certified Competent Internal Audit (ACCIA)
                                          Specialist

      27       Muhammad                   Project                Certified Practitioner of Internal Audit (CPIA)
               Maulidan Maulana           Management
                                          Specialist

      28       Kusmanto                   Project                Certified Practitioner of Internal Audit (CPIA)
                                          Management
                                          Specialist

      29       Amira Wulandari            Project                Certified Practitioner of Internal Audit (CPIA)
                                          Management
                                          Specialist

      30       Katharina Devi P           Project                Qualified Internal Auditor Tingkat Lanjut
                                          Management
                                          Specialist

      31       Sapta Doddy                Project                Qualified Internal Auditor Tingkat Lanjut
               Wiraradya                  Management
                                          Specialist

      32       Maria Galianti             Project                Qualified Internal Auditor Tingkat Manajerial
                                          Management
                                          Specialist

      33       Ade Oktavia Rini           Project                Certified Practitioner of Internal Audit (CPIA)
                                          Management
                                          Specialist




370   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 371
      Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
      Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




        Pelatihan dan Pengembangan Kompetensi
Training and Competency Development

Dalam rangka mendukung peningkatan kompetensi                                   In order to support the enhancement of competencies
serta pemenuhan kualifikasi profesional staf Unit Internal                      and the fulfillment of professional qualifications of
Audit, Perusahaan menetapkan kebijakan pelatihan dan                            the Internal Audit Unit personnel, the Company has
pengembangan yang mengacu pada ketentuan sebagai                                established training and development policies with
berikut:                                                                        reference to the following provisions:

1. Peraturan Direksi PT Angkasa Pura Indonesia                                  1. Board of Directors Regulation of PT Angkasa Pura
   No. PD.DH.0008/DL.09/2025 tentang Pedoman                                       Indonesia No. PD.DH.0008/DL.09/2025 concerning
   Manajemen Pembelajaran di PT Angkasa Pura                                       Learning Management Guidelines at PT Angkasa Pura
   Indonesia.                                                                      Indonesia.
2. Nota Dinas No. ND.DKG.0043/OM.16/I/2026-B kepada                             2. Internal Memorandum No. ND.DKG.0043/OM.16/
   Yth. Internal Audit Group Head – HO dari Governance                             I/2026-B addressed to the Internal Audit Group Head
   & Risk Management Group Head – HO perihal                                       – HO from the Governance & Risk Management Group
   Pemenuhan Kualifikasi Organ Pengelola Risiko                                    Head – HO regarding the Fulfillment of Qualifications
   Tahun 2026.                                                                     for Risk Management Function Personnel in 2026.
3. Salinan Keputusan Deputi Bidang Keuangan dan                                 3. Copy of the Decree of the Deputy for Finance and Risk
   Manajemen Risiko Kementerian Badan Usaha                                        Management, Ministry of State-Owned Enterprises of
   Milik Negara Republik Indonesia No. SK-3/DKU.                                   the Republic of Indonesia No. SK-3/DKU.MBU/05/2023
   MBU/05/2023 tentang Petunjuk Teknis Komposisi                                   concerning Technical Guidelines on the Composition
   dan Kualifikasi Organ Pengelola Risiko di Lingkungan                            and Qualifications of Risk Management Function
   Badan Usaha Milik Negara.                                                       Personnel within State-Owned Enterprises.

Pendidikan dan/atau pelatihan yang diikuti Internal                             The education and/or training attended by Internal
Auditor sepanjang 2025 disajikan dalam tabel berikut.
                                                                                Auditors throughout 2025 is presented in the following
                                                                                table:


     No.        Tanggal              Lokasi                      Nama Pelatihan                     Penyelenggara       Nama Staf Peserta
                Kegiatan            Location                      Training Title                       Organizer       Name of Participants
             Activity Date

 1         22-23 Januari          Bandung          Seminar ”Membangun Ketahanan                     Praktisi Auditor   y Zulfikar
           2025                                    Teknologi Informasi Melalui Audit IT dan         Internal Audit     y Syailendera
           January                                 Pengelolaan Risiko” dan Pengukuhan               Bersertifikasi     y Ferry Wirawan
           22–23, 2025                             Gelar Kompetensi Auditor Internal                Kompetensi         y Imam Zaenal
                                                   Seminar on “Building Information                 (PAI-BK)             Ehwan
                                                   Technology Resilience through IT                                    y Wisnu Agus
                                                   Audit and Risk Management” and                                        Setiadi
                                                   the Conferment of Internal Auditor                                  y Rosdewi
                                                   Competency Certification                                            y Rosita Kurniawati

 2         11-12 Februari         Jakarta          Refreshment Assessment Penerapan GCG             PT Aviasi          Syailendera
           2025                                    Refreshment Assessment on                        Pariwisata
           February                                the Implementation of Good                       Indonesia
           11–12, 2025                             Corporate Governance (GCG)

 3         13-14 Februari         Jakarta          Sharing Session Refreshment mengenai             PT Aviasi          y Rita
           2025                                    Penilaian Risk Maturity Index (RMI)              Pariwisata         y Nanda Fitrihanif
           February                                Refreshment Sharing Session                      Indonesia            Furqoni
           13–14, 2025                             on the Assessment of the Risk                                       y Wisnu Agus
                                                   Maturity Index (RMI)                                                  Setiadi

 4         18-19 Februari         Bogor            Internal Control Over Financial                  PT Aviasi          Rosdewi
           2025                                    Reporting (ICOFR)                                Pariwisata
           February                                                                                 Indonesia
           18–19, 2025

 5         10 Maret 2025          iKnow IALC       Competency Fulfillment                           IAS Support        Wisnu Agus Setiadi
           March 10, 2025         (Online)         Program BOD-3 Batch 2                            Indonesia




                                                                                              PT Angkasa Pura Indonesia 2025 Annual Report    371
Page 372
           Ikhtisar 2025           Laporan Manajemen         Tentang Perusahaan        Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
           2025 Highlights         Management Report         About the Company         Management Discussion and Analysis      Corporate Governance




       No.           Tanggal             Lokasi                     Nama Pelatihan                      Penyelenggara        Nama Staf Peserta
                     Kegiatan           Location                      Training Title                       Organizer        Name of Participants
                   Activity Date

      6         21-25 April 2025      iKnow IALC       Competency Fulfillment                           IAS Support         Rita
                April 21–25, 2025                      Program BoD-2 Batch 3                            Indonesia

      7         14-15 Mei 2025        iKnow IALC       Competency Fulfillment                           IAS Support         Elfin
                May 14–15, 2025                        Program BoD-2 Batch 7                            Indonesia

      8         14-27 Mei 2025        Daring           e-Learning Materi Pemahaman                      PT Angkasa          y Rosita Kurniawati
                May 14–27, 2025       Online           Implementasi Manajemen Risiko -                  Pura Indonesia      y Rita
                                                       HO dan Karyawan Perbantuan                                           y Rosdewi
                                                       e-Learning Material on Understanding                                 y Muhammad Fariz
                                                       the Implementation of Risk                                           y Muhammad
                                                       Management for Head Office (HO)                                        Arif Lubis
                                                       and Seconded Employees                                               y Nanda Fitrihanif
                                                                                                                              Furqoni
                                                                                                                            y Muhammad Ihsan
                                                                                                                            y Winarsih
                                                                                                                            y Wisnu Agus
                                                                                                                              Setiadi
                                                                                                                            y Zulfikar
                                                                                                                            y Syailendera
                                                                                                                            y Ferry Wirawan
                                                                                                                            y Imam Zaenal
                                                                                                                              Ehwan

      9         19-27 Mei 2025        iKnow IALC       Competency Fulfillment                           IAS Support         Muhammad Fariz
                May 19–27, 2025                        Program BoD-2 Batch 8                            Indonesia

                28 Mei - 30           Daring           Cyber Security Awareness                         PT Angkasa          y Elfin
      10        Juni 2025             Online                                                            Pura Indonesia      y Rosita Kurniawati
                May 28 – June                                                                                               y Rosdewi
                30, 2025                                                                                                    y Muhammad Fariz
                                                                                                                            y Muhammad
                                                                                                                              Arif Lubis
                                                                                                                            y Nanda Fitrihanif
                                                                                                                              Furqoni
                                                                                                                            y Muhammad Ihsan
                                                                                                                            y Winarsih
                                                                                                                            y Wisnu Agus
                                                                                                                              Setiadi
                                                                                                                            y Zulfikar
                                                                                                                            y Syailendera
                                                                                                                            y Ferry Wirawan
                                                                                                                            y Imam Zaenal
                                                                                                                              Ehwan

      11        23 Juni 2025          iKnow IALC       Competency Fulfillment                           IAS Support         Rosdewi
                June 23, 2025                          Program BoD-3 Batch 17                           Indonesia

      12        29 Juni - 2           Labuan           InJourney Signature Development                  PT Aviasi           Rosita Kurniawati
                Juli 2025             Bajo, NTT        Program for Senior Leaders                       Pariwisata
                June 29 – July                         (Leadership Camp)                                Indonesia
                2, 2025                                                                                 (Persero)

      13        2-4 Juli 2025         Yogyakarta       Pelatihan dan Asesmen Professional               YPIA                Muhammad Ihsan
                July 2–4, 2025                         Qualified Internal Auditor (PQIA) Tahap II
                                                       Professional Qualified Internal Auditor
                                                       (PQIA) Training and Assessment – Stage II

      14        2-4 Juli 2025         Yogyakarta       Kegiatan Konferensi Auditor Internal             YPIA                Nanda Fitrihanif
                July 2–4, 2025                         (KAI) serta Wisuda Pengukuhan Certified                              Furqoni
                                                       Practitioner of Internal Audit (CPIA) dan
                                                       Qualified Internal Auditor (QIA)
                                                       Internal Auditor Conference (KAI)
                                                       and Conferment Ceremony for the
                                                       Certified Practitioner of Internal
                                                       Audit (CPIA) and Qualified Internal
                                                       Auditor (QIA) Certifications




372   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 373
 Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




No.        Tanggal              Lokasi                      Nama Pelatihan                     Penyelenggara     Nama Staf Peserta
           Kegiatan            Location                      Training Title                       Organizer     Name of Participants
        Activity Date

15    6-9 Juli 2025          Badung,          InJourney Signature Development                  PT Aviasi        Wisnu Agus Setiadi
      July 6–9, 2025         Bali             Program for Middle Leaders                       Pariwisata
                                              (Leadership Camp)                                Indonesia
                                                                                               (Persero)

16    7 Juli 2025            iKnow IALC       Competency Fulfillment                           IAS Support      Syailendera
      July 7, 2025                            Program BoD-3 Batch 21                           Indonesia

17    14-22 Juli 2025        iKnow IALC       Competency Fulfillment                           IAS Support      Rosita Kurniawati
      July 14–22, 2025                        Program BoD-2 Batch 15                           Indonesia

18    21-22 Juli 2025        iKnow IALC       Competency Fulfillment                           IAS Support      Muhammad
      July 21–22, 2025                        Program BoD-3 Batch 24                           Indonesia        Arif Lubis

19    4-12 Agustus           iKnow IALC       Competency Fulfillment                           IAS Support      Rosita Kurniawati
      2025                                    Program BoD-2 Batch 17                           Indonesia
      August
      4–12, 2025

20    11 Agustus 2025        Jakarta          Executive Presence & Grooming                    Injourney        Wisnu Agus Setiadi
      August 11, 2025                         Class Injourney Future Leader
                                              Development Program bagi Top
                                              Talent Injourney Level BoD-3

21    12 Agustus 2025        Jakarta          Executive Presence & Grooming                    Injourney        Rosita Kurniawati
       August 12, 2025                        Class Injourney Future Leader
                                              Development Program bagi Top
                                              Talent Injourney Level BoD-2

22    13-14 Agustus          Jakarta          Change Agent Development                         Injourney        Wisnu Agus Setiadi
      2025                                    Program Batch I
      August
      13–14, 2025

23    19-20 Agustus          Jakarta          Change Agent Development                         Injourney        Rosita Kurniawati
      2025                                    Program Batch II
      August
      19–20, 2025

24    8-11 September         Bangkok          Global Immersion InJourney Future                Injourney        Wisnu Agus Setiadi
      2025                                    Leader Development Program
      September                               for Middle Leaders Batch I
      8–11, 2025

25    10-12 September        iKnow IALC       Training Internal Auditing: Tools                Yayasan          y Rosita Kurniawati
      2025                                    and Techniques Road to PQIA                      Pendidikan       y Rita
      September                               Certification Program                            Internal Audit   y Rosdewi
      10–12, 2025                                                                              (YPIA)           y Elfin
                                                                                                                y Muhammad Fariz
                                                                                                                y Muhammad
                                                                                                                  Arif Lubis
                                                                                                                y Nanda Fitrihanif
                                                                                                                  Furqoni
                                                                                                                y Muhammad Ihsan
                                                                                                                y Winarsih
                                                                                                                y Zulfikar
                                                                                                                y Syailendera
                                                                                                                y Ferry Wirawan
                                                                                                                y Imam Zaenal
                                                                                                                  Ehwan
                                                                                                                y Benny Fauzan
                                                                                                                y Reiza Irfansyah
                                                                                                                y Ratih Rosini
                                                                                                                  Komara
                                                                                                                y Dwi Aries
                                                                                                                  Darmawan
                                                                                                                y Batte Raymond
                                                                                                                y Dian Anggraini




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   373
Page 374
        Ikhtisar 2025           Laporan Manajemen         Tentang Perusahaan        Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights         Management Report         About the Company         Management Discussion and Analysis      Corporate Governance




       No.        Tanggal             Lokasi                     Nama Pelatihan                      Penyelenggara        Nama Staf Peserta
                  Kegiatan           Location                      Training Title                       Organizer        Name of Participants
                Activity Date

                                                                                                                         y Anandita Arief
                                                                                                                           Aditama
                                                                                                                         y Taslim
                                                                                                                         y Yuyun
                                                                                                                           Waryunaningsih
                                                                                                                         y Dyah Dwisupi
                                                                                                                           Oktaviani
                                                                                                                         y Indra Noviawan
                                                                                                                         y Muhammad
                                                                                                                           Maulidan Maulana
                                                                                                                         y Sapta Doddy
                                                                                                                           Wiraradya
                                                                                                                         y Maria Galianti
                                                                                                                         y Katharina Devi P
                                                                                                                         y Ade Oktavia Rini
                                                                                                                         y Amira Wulandari
                                                                                                                         y Kusmanto
                                                                                                                         y M. Dedi Syahputra

      26     15-18 September       Jakarta          Professional Qualified                           YPIA                y Rita
             2025                                   Internal Auditor (PQIA)                                              y Elfin
             September                                                                                                   y Rosdewi
             15–18, 2025

      27     22 September          Jakarta          In-House Training SNI ISO 37001:2025             PT Angkasa          y Rosita Kurniawati
             2025                                   Sistem Manajemen Anti Penyuapan                  Pura Indonesia      y Wisnu Agus
             September                              (SMAP)                                                               y Setiadi
             22, 2025                               In-House Training on SNI ISO 37001:2025                              y Syailendera
                                                    Anti-Bribery Management System (ABMS)

      28     6-10 Oktober          Jakarta          Pelatihan dan Asesmen Professional               YPIA                y Muhammad Fariz
             2025                                   Qualified Internal Auditor (PQIA) Tahap I                            y Muhammad
             October                                Professional Qualified Internal Auditor                                Arif Lubis
             6–10, 2025                             (PQIA) Training and Assessment – Stage I                             y Nanda Fitrihanif
                                                                                                                           Furqoni

      29     8-31 Oktober          iKnow IALC       Bited Size E-Learning – Risk Starts With         PT Angkasa          y Elfin
             2025                                   Us Vol. 1: Root Cause Analysis – Region 1        Pura Indonesia      y Wisnu Agus
             October                                                                                                     y Setiadi
             8–31, 2025                                                                                                  y Rosdewi
                                                                                                                         y Muhammad
                                                                                                                           Arif Lubis
                                                                                                                         y Nanda Fitrihanif
                                                                                                                           Furqoni
                                                                                                                         y Winarsih
                                                                                                                         y Wisnu Agus
                                                                                                                           Setiadi
                                                                                                                         y Muhammad Fariz
                                                                                                                         y Zulfikar
                                                                                                                         y Syailendera
                                                                                                                         y Ferry Wirawan
                                                                                                                         y Muhammad Ihsan
                                                                                                                         y Imam Zaenal
                                                                                                                           Ehwan

      30     13-17 Oktober         Pancoran         Pelatihan dan Asesmen Professional               YPIA                y Muhammad Fariz
             2025                                   Qualified Internal Auditor (PQIA) Tahap II                           y Muhammad
             October                                Professional Qualified Internal Auditor                                Arif Lubis
             13–17, 2025                            (PQIA) Training and Assessment – Stage II                            y Nanda Fitrihanif
                                                                                                                         y Furqoni

      31     27-30 Oktober         Paris,           Global Immersion InJourney Future                Injourney           Rosita Kurniawati
             2025                  Perancis         Leader Development Program
             October                                for Senior Leaders Batch I
             27–30, 2025




374   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 375
 Tanggung Jawab Sosial dan Lingkungan (TJSL)          Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)       Consolidated Financial Statements




No.        Tanggal              Lokasi                       Nama Pelatihan                     Penyelenggara     Nama Staf Peserta
           Kegiatan            Location                       Training Title                       Organizer     Name of Participants
        Activity Date

32    3-12 November          Daring           Pengelolaan Tugas-Tugas Audit                     PPA&K            y Wisnu Agus
      2025                   Online           Audit Assignment Management                                        y Setiadi
      November                                                                                                   y Zulfikar
      3–12, 2025                                                                                                 y Syailendera

33    10-14 November         Hotel            Pelatihan dan Asesmen Professional                YPIA             y Muhammad Ihsan
      2025                   Amaris,          Qualified Internal Auditor (PQIA) Tahap I                          y Winarsih
      November               Pancoran         Professional Qualified Internal Auditor                            y Rosita Kurniawati
      10–14, 2025                             (PQIA) Training and Assessment – Stage I

34    17 November            iKnow IALC       Bited Size E-Learning – Risk Start With           PT Angkasa       y Elfin
      - 19 Desember                           Us Vol 2 : Risk Quantification – Region 1         Pura Indonesia   y Muhammad Ihsan
      2025                                                                                                       y Winarsih
      November 17                                                                                                y Rosita Kurniawati
      – December                                                                                                 y Rosdewi
      19, 2025                                                                                                   y Rita
                                                                                                                 y Muhammad
                                                                                                                   Arif Lubis
                                                                                                                 y Muhammad Fariz
                                                                                                                 y Nanda Fitrihanif
                                                                                                                   Furqoni
                                                                                                                 y Wisnu Agus
                                                                                                                   Setiadi
                                                                                                                 y Zulfikar
                                                                                                                 y Syailendera
                                                                                                                 y Ferry Wirawan
                                                                                                                 y Imam Zaenal
                                                                                                                   Ehwan

35    17-21 November         Yogyakarta       Pelatihan dan Asesmen Professional                YPIA             y Winarsih
      2025                   dan              Qualified Internal Auditor (PQIA) Tahap II                         y Rosita Kurniawati
      November               Jakarta          Professional Qualified Internal Auditor
      17–21, 2025                             (PQIA) Training and Assessment – Stage II

36    17-28 November         Jakarta          Pelatihan Calon Penyuluhan                        Injourney        Wisnu Agus Setiadi
      2025                                    Antikorupsi (Pelopor)
      November                                Anti-Corruption Outreach Training for
      17–28, 2025                             Prospective Facilitators (Pioneer Program)

37    18, 19, 21             Bogor            Asesmen Certified Professional                    PPA&K            y Zulfikar
      November 2025                           Internal Audit (CPIA)                                              y Ferry Wirawan
      November 18,                            Certified Professional Internal                                    y Wisnu Agus
      19, and 21, 2025                        Audit (CPIA) Assessment                                              Setiadi
                                                                                                                 y Syailendera

38    8-11 Desember          Cikini           Pelatihan dan Sertifikasi Certified               CRMS             y Muhammad
      2025                                    Compliance Professional (CCP)                                        Arif Lubis
      December                                Certified Compliance Professional                                  y Winarsih
      8–11, 2025                              (CCP) Training and Certification

39    17-21 Desember         Cikini           Pelatihan dan Sertifikasi Qualified Risk          CRMS             y Rosdewi
      2025                                    Mangement Professional (QRMP)                                      y Nanda Fitrihanif
      December                                Qualified Risk Management Professional                               Furqoni
      17–21, 2025                             (QRMP) Training and Certification

40    18 Desember            Daring           Training Mentoring Skills                         Injourney        Rosita Kurniawati
      2025                   Online
      December
      18, 2025

41    23 Desember            Daring           Re-Sertifikasi Associate Certified                PPA&K            Rosdewi
      2025                   Online           Competent Internal Audit (ACCIA)
      December                                Re-Certification of Associate Certified
      23, 2025                                Competent Internal Auditor (ACCIA)




                                                                                          PT Angkasa Pura Indonesia 2025 Annual Report   375
Page 376
        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company        Management Discussion and Analysis        Corporate Governance




      Adapun pelatihan dan pengembangan kompetensi yang                  The training and competency development carried out
      dilakukan oleh Internal Audit Group Head pada tahun                by the Internal Audit Group Head in 2025 is presented in
      2025, disajikan dalam tabel berikut ini:                           the following table:



      No.         Tanggal Kegiatan            Lokasi       Penyelenggara                            Nama Pelatihan
                     Activity Date           Location         Organizer                               Training Title

        1    3–4 Oktober 2025             Jakarta        YPIA                   Professional Recognition Program (PRP) for
             October 3–4, 2025                                                  Qualified Internal Auditor (QIA) Certification

        2    10–12 Maret 2025 dan         IALC,          IAS Support            Competency Fulfillment Program
             14–15 Maret 2025             Tangerang      Indonesia              Level BOD-1, Batch 2
             March 10–12, 2025 and
             March 14–15, 2025

        3    28 Mei–30 Juni 2025          Online         InJourney Airports     Cybersecurity Awareness
             May 28–June 30, 2025         Daring

       4     17–19 Desember 2025          Online         InJourney Airports     Risk Starts with Us, Vol. 2: Risk Quantification
             December 17–19, 2025         Daring




            Pelaksanaan Kegiatan Internal Audit Tahun 2025
      Implementation of Internal Audit Activities in 2025

      Sepanjang tahun 2025, Unit Internal Audit melaksanakan             Throughout 2025, the Internal Audit Unit carried out
      berbagai kegiatan pengawasan dan konsultansi yang                  various assurance and consulting activities based on
      mengacu pada Annual Audit Plan (AAP) serta penugasan               the Annual Audit Plan (AAP) as well as additional ad-
      tambahan yang bersifat ad-hoc, guna mendukung                      hoc assignments, in order to support the effectiveness
      efektivitas pengendalian internal, manajemen risiko, dan           of internal control, risk management, and corporate
      tata kelola perusahaan.                                            governance.

      Seiring dengan dinamika organisasi dan ketersediaan                In line with organizational dynamics and resource
      sumber daya, Unit Internal Audit melakukan penyesuaian             availability, the Internal Audit Unit made adjustments to
      terhadap Program Kerja Tahunan melalui revisi AAP                  its Annual Work Program through a revision of the 2025
      2025. Revisi tersebut telah memperoleh persetujuan dari            Annual Audit Plan (AAP). The revision was approved by the
      Komite Audit dan Direktur Utama pada bulan November                Audit Committee and the President Director in November
      dan Desember 2025. Penyesuaian mencakup pembatalan                 and December 2025. The adjustments included the
      4 (empat) program kerja serta perubahan objek audit                cancellation of 4 (four) work programs and changes to
      pada 4 (empat) program lainnya, yang dilakukan dengan              the audit scope of 4 (four) other programs, taking into
      mempertimbangkan efisiensi anggaran serta adanya                   consideration budget efficiency and the simultaneous
      pelaksanaan audit eksternal secara bersamaan oleh BPK              execution of external audits by the Supreme Audit Agency
      RI dan Kantor Akuntan Publik (KAP).                                (BPK RI) and Public Accounting Firms (KAP).

      Sebagai dampak dari revisi tersebut, jumlah program                As a result of the revision, the total number of planned
      kerja yang direncanakan mengalami penyesuaian dari                 work programs was adjusted from 35 (thirty-five)
      semula 35 (tiga puluh lima) program menjadi 31 (tiga               programs to 31 (thirty-one) programs. As of December
      puluh satu) program. Hingga Desember 2025, Unit                    2025, the Internal Audit Unit had successfully completed
      Internal Audit telah merealisasikan seluruh program kerja          all revised work programs, achieving a completion rate of
      yang telah direvisi tersebut dengan tingkat penyelesaian           100%, which reflects the Unit’s commitment to effectively
      mencapai 100%, yang mencerminkan komitmen unit                     performing its oversight function.
      dalam menjalankan fungsi pengawasan secara optimal.

      Selain pelaksanaan program kerja yang bersifat                     In addition to planned activities, the Internal Audit Unit
      terencana, Unit Internal Audit juga melaksanakan                   also carried out 19 (nineteen) additional ad-hoc activities,
      kegiatan tambahan (ad-hoc) sebanyak 19 (sembilan                   including assistance in external audits conducted by
      belas) kegiatan, yang antara lain meliputi pendampingan            BPKP and other special review engagements. As such,
      audit eksternal oleh BPKP serta pelaksanaan reviu                  the total number of activities carried out in 2025 reached



376   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 377
  Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




khusus lainnya. Dengan demikian, total kegiatan yang                       50 (fifty) activities, comprising both planned and ad-hoc
dilaksanakan sepanjang tahun 2025 mencapai 50 (lima                        activities. Overall, the performance achievement of the
puluh) kegiatan, yang terdiri atas kegiatan terencana dan                  Internal Audit Unit reached 161.29% of the revised AAP
ad-hoc. Secara keseluruhan, capaian kinerja Unit Internal                  target.
Audit mencapai 161,29% dari target yang telah ditetapkan
berdasarkan revisi AAP 2025.

Dari sisi komposisi kegiatan, realisasi program kerja Unit                 In terms of activity composition, the realization of the
Internal Audit terdiri atas berbagai jenis penugasan, yaitu                Internal Audit Unit’s work program comprised various
Audit Rutin sebanyak 11 (sebelas) kegiatan, Audit Non-                     types of assignments, namely 11 (eleven) Routine Audits,
Rutin sebanyak 1 (satu) kegiatan, kegiatan pendampingan                    1 (one) Non-Routine Audit, 7 (seven) assistance activities,
sebanyak 7 (tujuh) kegiatan, program lainnya seperti                       11 (eleven) other programs such as system reviews, and 1
reviu sistem sebanyak 11 (sebelas) kegiatan, serta kegiatan                (one) consulting activity.
konsultansi sebanyak 1 (satu) kegiatan.


                                    Tabel Realisasi Kegiatan Audit Tahun 2025
                                    Table of Realization of Audit Activities in 2025

         Jenis Program                 Total          Total          Total Kegiatan per 31 Desember             Total Kegiatan per 31
         Program Type                Program        Program              2025 – AAP 2025 Revisi                Desember 2025 – Ad-Hoc
                                    Kerja Awal     Kerja Revisi      Total Activities as of December            Total Activities as of
                                   Total Initial   Total Revised      31, 2025 – AAP 2025 Revised            December 31, 2025 – Ad-Hoc
                                   Work Plan        Work Plan

 Audit Rutin                             11             11                               11                               -
 Routine Audit

 Audit Non-Rutin                          3              1                               1                                2
 Non-Routine Audit

 Pendampingan                             8              7                               7                                14
 Assistance (Counterpart)

 Program Lainnya                         12             11                               11                               2
 Other Programs

 Konsultansi                              1              1                               1                                1
 Consultancy (Advisory)

 Total                                   35             31                               31                               19

 Realisasi (%) ӏ                                                                     100%                             161,29%
 Realization (%)




     Monitoring Tindak Lanjut
Follow-Up Monitoring

Seluruh personel audit internal bertanggung jawab                          All internal audit personnel are responsible and obligated
dan berkewajiban menindaklanjuti setiap temuan hasil                       to follow up on all findings from assurance and consulting
assurance dan consulting melalui jalur koordinasi dan                      activities through coordination and collaboration with
kerja sama antar fungsi terkait.                                           relevant functions.



Tindak Lanjut Temuan Operasional                                           Follow-Up on Operational Findings
oleh Unit Internal Audit (PKAT)                                            by the Internal Audit Unit (PKAT)
Tindak lanjut temuan Audit Operasional per 31 Desember                     The follow-up of Operational Audit findings as of
2025 dapat dilihat pada tabel berikut:                                     December 31, 2025, is presented in the following table:



                                                                                              PT Angkasa Pura Indonesia 2025 Annual Report   377
Page 378
         Ikhtisar 2025              Laporan Manajemen               Tentang Perusahaan              Diskusi dan Analisis Manajemen               Tata Kelola Perusahaan
         2025 Highlights            Management Report               About the Company               Management Discussion and Analysis           Corporate Governance




       No.      Tahun Audit             Jumlah                   Jumlah                                         Tindak Lanjut                             % Skor
                 Audit Year             Temuan                 Rekomendasi                                    Follow-Up Actions                          % Score
                                      Number of               Number of
                                       Findings            Recommendations                     S               DP              B          TDD

         1          2021                   122                       283                     283                0              0             0            100%

        2           2022                    191                      460                     457                3              0             0           99,67%

        3           2023                   221                       593                      591               2              0             0           99,83%

        4          2024                     96                       220                      219               1              0             0           99,77%

        5           2025                    59                        156                     135              19              2             0           92,63%

                        Total              689                       1712                    1685              25              2             0            99,15%



      Keterangan | Remark:
      S: Selesai | S: Completed. DP: Dalam Proses | DP: In Progress. B: Belum Ditindaklanjuti | B: Not Yet
      Followed Up. TDD: Tidak Dapat Ditindaklanjuti | TDD: Cannot Be Followed Up




      Tindak Lanjut Temuan Internal atas                                                      Follow-Up on Internal Findings of
      Proyek Pengembangan Bandara oleh                                                        Airport Development Projects by the
      Unit Internal Audit                                                                     Internal Audit Unit

      Tindak lanjut temuan Audit Proyek Pengembangan                                          The follow-up of Airport Development Project Audit
      Bandara per 31 Desember 2025 dapat dilihat pada tabel                                   findings as of December 31, 2025, is presented in the
      berikut:                                                                                following table:


       No.      Tahun Audit             Jumlah                   Jumlah                                        Tindak Lanjut                           % Skor
                 Audit Year             Temuan                 Rekomendasi                                   Follow-Up Actions                        % Score
                                      Number of               Number of
                                       Findings            Recommendations                     S               DP          B             TDD

         1           2021                   11                        25                      23                1          1             0            94,00%

        2            2022                   13                        45                      30               5          10             0            72,22%

        3            2023                                 Tidak dilakukan Audit Proyek ӏ No Project Audit was conducted

        4            2024                   4                         10                       4               2           4             0            50,00%

               Total                        28                        80                      57               8           15            0            76,25%

      Keterangan | Remark:
      S: Selesai | S: Completed. DP: Dalam Proses | DP: In Progress. B: Belum Ditindaklanjuti | B: Not Yet
      Followed Up. TDD: Tidak Dapat Ditindaklanjuti | TDD: Cannot Be Followed Up




      Tindak Lanjut Temuan Eksternal dari                                                    Follow-Up on External Findings from
      Badan Pemeriksa Keuangan (BPK)                                                         the Audit Board of Indonesia (BPK)
      oleh Unit Internal Audit                                                               by the Internal Audit Unit

      Tindak lanjut temuan Audit Eksternal dari Badan                                        The follow-up of External Findings from the Audit Board
      Pemeriksa Keuangan (BPK) per 31 Desember 2025, dapat                                   of Indonesia (BPK) as of December 31, 2025, is presented
      dilihat pada tabel berikut:                                                            in the following table:




378   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 379
   Tanggung Jawab Sosial dan Lingkungan (TJSL)                 Laporan Keuangan Konsolidasian
   Social and Environmental Responsibility (TJSL)              Consolidated Financial Statements




  No.     Tahun Audit             Jumlah                 Jumlah                                      Tindak Lanjut                            % Skor
           Audit Year             Temuan               Rekomendasi                                 Follow-Up Actions                          % Score
                                 Number of              Number of
                                  Findings           Recommendations                   S             DP            B           TDD

   1            2014                    6                         6                    5               1           0            0             83,33%

   2            2015                   18                        31                   29               2           0            0             93,55%

   3            2019                   16                        56                   42               14          0            0             75,00%

   4            2022                   28                        62                   54               8           0            0             87,10%

   5            2017                   32                       108                    91              15          0            2             86,11%

   6            2020                   31                        71                   58               13          0            0             81,69%

                Total                  131                      334                   279            53            0            2             84,13%

   7            2024                   39                       122                    0             122           0            0         Belum Terdapat
                                                                                                                                            Penilaian dari
                                                                                                                                           TIM PTL BPK RI
                                                                                                                                         There has been no
                                                                                                                                        assessment from the
                                                                                                                                          BPK RI PTL Team

          Total                              39                          122               0           122             0            0            -




Tindak Lanjut Temuan Eksternal dari                                                    Follow-Up on External Findings from
Kantor Akuntan Publik (KAP) oleh                                                       the Public Accounting Firm (PAF) by
Unit Internal Audit                                                                    the Internal Audit Unit

Tindak lanjut temuan Audit Eksternal dari Kantor Akuntan                               The follow-up of External Findings from the Public
Publik (KAP) per 31 Desember 2025, yaitu yang terdiri dari                             Accounting Firm (PAF) as of December 31, 2025, which
Laporan Kepatuhan terhadap Peraturan Perundang-                                        consist of the Compliance with Legislation Report (PU),
undangan (PU), Laporan Pengendalian Internal (PI), dan                                 Internal Control Report (PI), and Management Letter
Laporan Manajemen Letter (ML), dapat dilihat pada tabel                                Report (ML), is presented in the following table:
berikut:


  No.     Tahun Audit              Jumlah                  Jumlah                                             Tindak Lanjut                          % Skor
           Audit Year              Temuan                Rekomendasi                                        Follow-Up Actions                        % Score
                                  Number of               Number of
                                   Findings            Recommendations                         S              DP           B            TDD

   1            2021                    25                         38                       34                4            0             0           94,74%

   2            2022                    34                         47                       43                4            0             0           95,74%

   3            2023                    29                         47                       33                14           0             0           85,11%

  4             2024                    22                         32                          9              22           1             0           62,50%

               Total                   110                        164                       119               44           1             0           85,98%

Keterangan | Remark:
S: Selesai | S: Completed. DP: Dalam Proses | DP: In Progress. B: Belum Ditindaklanjuti | B: Not Yet
Followed Up. TDD: Tidak Dapat Ditindaklanjuti | TDD: Cannot Be Followed Up




                                                                                                             PT Angkasa Pura Indonesia 2025 Annual Report      379
Page 380
           Ikhtisar 2025            Laporan Manajemen               Tentang Perusahaan              Diskusi dan Analisis Manajemen             Tata Kelola Perusahaan
           2025 Highlights          Management Report               About the Company               Management Discussion and Analysis         Corporate Governance




      Tindak Lanjut Temuan Eksternal                                                         Follow-Up on External Findings from
      dari Badan Pengawasan Keuangan                                                         the Financial and Development
      dan Pembangunan (BPKP) oleh Unit                                                       Supervisory Agency (FDSA) by the
      Internal Audit                                                                         Internal Audit Unit

      Tindak lanjut temuan Audit Eksternal dari Badan                                        The follow-up of External Findings from the Financial and
      Pengawasan Keuangan dan Pembangunan (BPKP) per                                         Development Supervisory Agency (FDSA) as of December
      31 Desember 2025 dapat dilihat pada tabel berikut:                                     31, 2025, is presented in the following table:




       No.       Tahun Audit              Jumlah                   Jumlah                                      Tindak Lanjut                          % Skor
                  Audit Year              Temuan                 Rekomendasi                                 Follow-Up Actions                        % Score
                                         Number of                Number of
                                          Findings             Recommendations                     S           DP            B           TDD

       1              2022                      7                           7                      7            0            0            0             100%

       2               2023                     3                           3                      3            0            0            0             100%

       3              2024                      2                           2                      2            0            0            0             100%

       4               2025                    20                          19                     18            1            0            0            97,37%

               Total                           32                          31                     30            1            0            0            98,39%


      Keterangan | Remark:
      S: Selesai | S: Completed. DP: Dalam Proses | DP: In Progress. B: Belum Ditindaklanjuti | B: Not Yet
      Followed Up. TDD: Tidak Dapat Ditindaklanjuti | TDD: Cannot Be Followed Up




380   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 381
  Tanggung Jawab Sosial dan Lingkungan (TJSL)       Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




AUDIT EKSTERNAL
EXTERNAL AUDIT


Audit Eksternal merupakan elemen penting dalam                            External Audit is a critical element in ensuring the quality
memastikan kualitas dan akurasi laporan keuangan                          and accuracy of the Company’s financial statements and
Perseroan serta kepatuhan terhadap standar dan regulasi                   compliance with applicable standards and regulations,
yang berlaku, termasuk POJK No. 9 Tahun 2023 tentang                      including POJK No. 9 of 2023 concerning the Use of
Penggunaan Jasa Akuntan Publik dan Kantor Akuntan                         Public Accountant Services and Public Accounting
Publik dalam Kegiatan Jasa Keuangan serta POJK No.                        Firms in Financial Services Activities and POJK No.
75/POJK.04/2017 tentang Tanggung Jawab Direksi                            75/POJK.04/2017 on the Responsibility of Directors
atas Laporan Keuangan. Perseroan menunjuk Kantor                          for Financial Statements. The Company appoints
Akuntan Publik independen untuk melakukan audit atas                      an independent Public Accounting Firm to audit its
laporan keuangan tahunan, guna memastikan kewajaran                       annual financial statements to ensure that the reports
penyajian laporan sesuai dengan standar yang berlaku.                     are presented fairly and in accordance with applicable
                                                                          standards.

Proses audit eksternal bertujuan memberikan opini                         The external audit process aims to provide an independent
profesional dan independen mengenai kelayakan laporan                     and professional opinion on the reliability of the financial
keuangan, sehingga dapat meningkatkan kepercayaan                         statements, thereby enhancing stakeholder confidence.
pemangku      kepentingan.   Hasil  audit   eksternal                     The results of the external audit are presented to the
disampaikan kepada Dewan Komisaris dan Direksi serta                      Board of Commissioners and Board of Directors and
digunakan sebagai dasar untuk perbaikan berkelanjutan                     serve as a foundation for continuous improvement in the
dalam pengelolaan keuangan dan pengendalian internal                      Company’s financial management and internal controls.
Perusahaan.




                                                           2024                                             2025

 Nama Kantor Akuntan                   KAP Purwantono, Sungkoro dan Surja (EY)           KAP Purwanto Susanti dan Surja (EY)
 Publik (KAP)
 Name of the Public
 Accounting Firm (KAP)

 Nama Akuntan Publik (AP)              Moch. Dadang Syachruna                            Moch. Dadang Syachruna
 Name of the Public
 Accountant (AP)

 Dasar Penunjukan                      Surat Penetapan Pelaksana Pekerjaan               Surat Penetapan Pelaksana Pekerjaan
 Basis of Appointment                  No. SPBJ.DUI.0318/XI/2024.                        No. API.6899/PR.01/2025/HO-B.
                                       Letter of Work Executor Appointment               Letter of Work Executor Appointment
                                       No. SPBJ.DUI.0318/XI/2024.                        No. API.6899/PR.01/2025/HO-B.

 Tanggal Penugasan                     12 November 2024                                  20 November 2025
 Appointment Date                      November 12, 2024                                 November 20, 2025

 Periode Penugasan                     November 2024 - Mei 2025                          November 2025 - Mei 2026
 Appointment Period                    November 2024 - May 2025                          November 2025 - May 2026

 Alamat                                Indonesia Stock Exchange Building, Tower          Indonesia Stock Exchange Building, Tower
 Address                               II, Lantai 7                                      II, Lantai 7
                                       Jl. Jenderal Sudirman Kav. 52–53                  Jl. Jenderal Sudirman Kav. 52–53
                                       Kelurahan Senayan                                 Kelurahan Senayan
                                       Kecamatan Kebayoran Baru                          Kecamatan Kebayoran Baru
                                       Jakarta Selatan 12190                             Jakarta Selatan 12190
                                       Indonesia                                         Indonesia




                                                                                        PT Angkasa Pura Indonesia 2025 Annual Report     381
Page 382
        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan        Diskusi dan Analisis Manajemen              Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company         Management Discussion and Analysis          Corporate Governance




                                                          2024                                                    2025

       Jasa Audit dan Non-Audit        Jasa Audit dan Non-Audit atas Laporan            Jasa Audit dan Non-Audit atas Laporan
       Audit and Non-                  Keuangan dan Penerapan Prosedur                  Keuangan dan Penerapan Prosedur
       Audit Services                  yang Disepakati Bersama (Agreed-Upon             yang Disepakati Bersama (Agreed-Upon
                                       Procedures) untuk tahun buku 2024.               Procedures) untuk tahun buku 2025.
                                       Audit and Non-Audit Services                     Audit and Non-Audit Services
                                       for Financial Statements and                     for Financial Statements and
                                       Implementation of Agreed-Upon                    Implementation of Agreed-Upon
                                       Procedures for the fiscal year 2024.             Procedures for the fiscal year 2025.

       Biaya Jasa Audit                Rp16.934.000.000                                 Rp10.370.000.000
       dan Non-Audit                   (belum termasuk PPn ӏ excluding VAT)             (belum termasuk PPn ӏ excluding VAT)
       Audit and Non-Audit
       Service Fees




      SISTEM PENGENDALIAN INTERNAL
      INTERNAL CONTROL SYSTEM

      Sistem pengendalian internal merupakan suatu                      The internal control system is designed to assist
      sistem yang bertujuan untuk membantu manajemen                    management in managing and controlling risks to meet
      dalam mengelola dan mengendalikan risiko terhadap                 the Company’s needs in achieving its targets, while
      kebutuhan Perusahaan untuk mencapai targetnya                     continuing to uphold the principles of Good Corporate
      dengan tetap melaksanakan prinsip-prinsip GCG dan                 Governance (GCG) and complying with applicable laws
      mematuhi peraturan dan perundang-undangan yang                    and regulations. The implementation of an internal
      berlaku. Penerapan sistem pengendalian internal dalam             control system in the company’s operational activities
      kegiatan operasional perusahaan merupakan wujud                   is a manifestation of management’s commitment to
      komitmen manajemen untuk meningkatkan kepatuhan                   enhancing the Company’s compliance with applicable
      Perusahaan terhadap ketentuan dan peraturan                       laws and regulations, ensuring the availability of accurate,
      perundang-undangan          yang     berlaku,  menjamin           complete, and timely financial and management reports,
      tersedianya laporan keuangan dan laporan manajemen                as well as achieving efficiency and effectiveness in
      yang benar, lengkap dan tepat waktu, serta memenuhi               business activities aligned with the Company’s vision,
      efisiensi dan efektivitas dari kegiatan usaha yang sesuai         mission, and objectives.
      dengan visi, misi dan tujuan Perusahaan.

      Sistem pengendalian internal mendukung pencapaian                 The internal control system supports the achievement
      tujuan kinerja, meningkatkan nilai bagi stakeholder,              of performance goals, enhances value for stakeholders,
      meminimalisir risiko kerugian dan menjaga kepatuhan               minimizes the risk of loss, and ensures compliance with
      pada ketentuan dan peraturan perundang-undangan                   prevailing laws and regulations.
      yang berlaku.

      Penerapan Pengendalian Internal (Internal Control) pada           The implementation of internal control at PT Angkasa
      PT Angkasa Pura Indonesia menggunakan konsep Three                Pura Indonesia adopts the Three Lines Model as follows:
      Lines Model (Model Tiga Lini) sebagai berikut:
      1. Pengendalian lini pertama (first line), berada di posisi       1. First line of control is at the forefront and carried out
         paling depan, dilakukan oleh unit operasional selaku              by operational units as the risk owners and business
         pemilik risiko sekaligus pelaksana proses bisnis.                 process executors.
      2. Pengendalian lini kedua (second line) dilakukan oleh           2. Second line control is conducted by all support units
         seluruh unit support yang memiliki fungsi kontrol                 that have direct control functions over the Company’s
         secara langsung terhadap operasi Perusahaan,                      operations, such as financial control, security, risk
         seperti; financial control, security, risk management,            management, quality control, inspection, and
         quality control, inspection, dan compliance.                      compliance.




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3. Pengendalian lini ketiga (three line) adalah
   kegiatan penilaian (assurance) atas kontrol yang                         3. Third line control is an assurance activity over the
   diselenggarakan pada lini pertama dan kedua,                                controls implemented in the first and second lines,
   dilakukan oleh unit yang independen dalam                                   conducted by an independent unit within the
   Perusahaan, yaitu Unit Internal Audit.                                      Company, namely the Internal Audit Unit.




                                 ORGAN PENGURUS | GOVERNING BODY
           Akuntabilitas terhadap pemangku kepentingan atas pengawasan organisasi
                  Accountability to stakeholders for oversight of the organization


                 Peran Organ Pengurus: Integritas, kepemimpinan, dan transparansi
                  Role of the Governing Body: Integrity, leadership, and transparency




                                                                                                                                                                PENYEDIA ASURANSI EKSTERNAL
                                                                                                                                  EXTERNAL ASSURANCE PROVIDER
           MANAJEMEN | MANAGEMENT                                                         AUDIT INTERNAL
                                                                                          INTERNAL AUDIT
      Tindakan (termasuk pengelolaan risiko)
     untuk mencapai tujuan-tujuan organisasi                                      Asuransi yang independen
       Actions (including risk management) to                                      Independent Assurance
          achieve organizational objectives


     Peran lini pertama:               Peran lini kedua:                                   Peran lini ketiga:
       Penyedia produk/               Ekspertis, bantuan,                             Asuransi dan advis yang
       jasa kepada klien,              pemantauan, dan                               independen dan objektif
        mengelola risiko                tantangan atas                              atas segala hal yang terkait
         First line role:             hal-hal yang terkait                          dengan pencapaian tujuan
     Providers of products/              dengan risiko                                     Third line role:
       services to clients,             Second line role:                            Independent and objective
         managing risk                  Expertise, advice,                              assurance and advice
                                        monitoring, and                                on all matters related to
                                      challenge on matters                               achieving objectives
                                         related to risk


                        Keterangan | Description

  KUNCI                Akuntabilitas, Pelaporan              Delegasi, mengarahkan, Menyediakan                    Keselarasan, Komunikasi,
  KEY                  Accountability, Reporting             sumber daya, dan Pengawasan                           Koordinasi dan Kolaborasi
                                                             Delegation, Direction, Resource                       Alignment, Communication,
                                                             Provision, and Oversight                              Coordination, and Collaboration




Perlindungan     berlapis    ini   dimaksudkan     untuk                    This multi-layered protection is intended to ensure that
memastikan agar implementasi pengendalian internal,                         the implementation of internal control, risk management,
pengelolaan risiko, dan prinsip-prinsip tata kelola                         and good corporate governance (GCG) principles are
perusahaan yang baik (Good of Corporate Governance/                         properly carried out so that the company’s objectives can
GCG) betul-betul dilaksanakan sehingga tujuan                               be achieved and obstacles/threats that are managed can
perusahaan dapat tercapai dan hambatan/ ancaman yang                        be turned into opportunities to facilitate the achievement
dikelola dapat dijadikan peluang untuk mempermudah                          of the company’s objectives. All work units and employees
pencapaian tujuan perusahaan tersebut. Seluruh unit                         of PT Angkasa Pura Indonesia are required to participate
kerja dan pegawai PT Angkasa Pura Indonesia wajib                           in the implementation of the Company’s Internal Control
berpartisipasi dalam penerapan Sistem Pengendalian                          System by actively participating in:
Internal Perusahaan dengan secara aktif turut serta:
1. Membangun        lingkungan      pengendalian     yang                   1.   Establishing a control environment that supports the
    mendukung efektivitas penerapan komponen                                     effective implementation of other internal control
    pengendalian internal lainnya.                                               components.



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      2. Melakukan penilaian risiko dalam menjalankan tugas          2. Conducting risk assessments in carrying out its duties
         dan fungsinya.                                                 and functions.
      3. Menyusun dan melaksanakan kebijakan dan                     3. Developing      and    implementing     policies  and
         prosedur untuk memastikan bahwa arahan Direksi                 procedures to ensure that the directives of the Board
         dilaksanakan.                                                  of Directors are executed.
      4. Mengidentifikasi, mencatat, dan mengkomunikasikan           4. Identifying,     recording,   and     communicating
         informasi yang berkaitan dengan pelaksanaan tugas              information related to the execution of main duties
         pokok dan fungsinya dalam waktu dan bentuk                     and functions in a timely and appropriate manner to
         yang tepat untuk memudahkan pelaksanaan,                       facilitate implementation, control, and accountability.
         pengendalian dan pertanggungjawabannya.
      5. Menilai kualitas Sistem Pengendalian Internal               5. Assessing the quality of the Company’s Internal
         Perusahaan melalui pemantauan rutin terhadap                   Control System through regular monitoring of
         kegiatan yang sedang berjalan dan evaluasi                     ongoing activities and comprehensive evaluations by
         menyeluruh oleh Internal Audit atau pihak                      Internal Audit or an appointed independent party.
         independen yang ditunjuk.




           Lingkungan Pengendalian
      Control Environment

      Lingkungan pengendalian dirancang sebagai dasar                The control environment is designed as the primary
      utama dalam mendukung pelaksanaan komponen                     foundation to support the implementation of internal
      pengendalian internal di PT Angkasa Pura Indonesia.            control components at PT Angkasa Pura Indonesia.
      Selain itu, lingkungan ini juga berperan sebagai faktor        Additionally, this environment plays a role in influencing
      yang mempengaruhi seluruh aktivitas perusahaan,                all company activities, especially those related to business
      terutama yang berhubungan dengan etika bisnis dan              ethics and GCG principles.
      prinsip-prinsip GCG.

      Adapun unsur-unsur lingkungan pengendalian PT                  The elements of PT Angkasa Pura Indonesia’s control
      Angkasa Pura Indonesia adalah sebagai berikut:                 environment are as follows:
      1. Integritas dan Nilai-Nilai Etika: Beragam cara yang         1. Integrity and Ethical Values: Various methods are
         ditempuh oleh manajemen tingkat atas untuk                     employed by senior management to emphasize the
         menekankan tentang pentingnya integritas dan nilai             importance of integrity and ethical values among the
         etika di antara para personelnya dalam Perusahaan.             Company’s personnel.
      2. Komitmen dan Kompetensi: Kesadaran manajemen                2. Commitment and Competence: Management’s
         akan     pentingnya    intelegensi,  pelatihan, dan            awareness of the importance of intelligence, training,
         pengalaman setiap karyawan yang diperlukan dalam               and experience for each employee is essential in
         mengembangkan potensi mereka.                                  developing their potential.
      3. Direktur dan Komite Audit: Direktur memiliki                3. Directors and the Audit Committee: The director’s
         tugas memastikan bahwa manajemen memenuhi                      role is to ensure management meets its responsibility
         tanggung jawabnya untuk menetapkan dan                         to establish and maintain internal controls. The
         mempertahankan internal kontrol, sedangkan Komite              Audit Committee is responsible for identifying any
         Audit bertanggung jawab mengenali penolakan                    management failure in maintaining controls or
         manajemen atas pengendalian atau kecurangan                    any fraud in financial reporting and following up
         dalam laporan keuangan dan menindaklanjuti hal                 accordingly.
         tersebut secara tepat.
      4. Falsafah dan Gaya Operasi Manajemen: Manajemen              4. Management Philosophy and Operating Style:
         mempunyai peran yang besar dalam menciptakan                   Management plays a major role in creating a sound
         lingkungan pengendalian yang baik dalam suatu                  control environment within an organization.
         organisasi.
      5. Struktur Organisasi: Menggambarkan garis hubungan           5. Organizational Structure: Describes the authority
         wewenang dan pertanggungjawaban sehingga dapat                 relationships and responsibilities, contributing to the
         memberikan kontribusi bagi lingkungan pengendalian,            control environment by providing a comprehensive
         baik dalam hal memberikan kerangka (framework)                 framework for planning, executing, and controlling
         secara menyeluruh bagi perencanaan, pelaksanaan,               operations.
         dan pengendalian operasi.




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6. Pendelegasian Wewenang dan Tanggung Jawab:                            6. Delegation of Authority and Responsibility: Involves
   Berupa memorandum tertulis mengenai kebijakan-                           written memorandums regarding policies, rules, job
   kebijakan, aturan main, deskripsi pekerjaan, dan                         descriptions, and more.
   sebagainya.
7. Kebijakan dan Praktik Pegawai: Berupa kemampuan                       7. Employee Policies and Practices: The ability to
   menyediakan karyawan yang dapat dipercaya dan                            provide reliable employees with expertise in their
   memiliki kemampuan pada bidangnya masing-                                respective fields.
   masing.




     Pengendalian Keuangan dan Operasional
Financial and Operational Control

PT Angkasa Pura Indonesia menerapkan sistem                              PT Angkasa Pura Indonesia implements a control system
pengendalian terhadap aspek keuangan dan operasional.                    over both financial and operational aspects. These
Pengendalian ini mencakup perencanaan keuangan,                          controls include financial planning, involving feedback
yang melibatkan mekanisme umpan balik serta proses                       mechanisms and adjustment processes, up to the
penyesuaian, hingga tahap validasi untuk memastikan                      validation stage to ensure that plans can be executed or
rencana dapat dijalankan atau disesuaikan sesuai dengan                  adjusted according to changes that occur. Meanwhile,
perubahan yang terjadi. Sementara itu, pengendalian                      operational control is focused on managing processes to
operasional difokuskan pada pengelolaan proses agar                      ensure that operations run effectively and efficiently. The
kegiatan operasional berjalan secara efektif dan efisien.                financial and operational control includes:
Pengendalian dalam bidang keuangan dan operasional
mencakup:
1. Penyediaan       Informasi      Keuangan:      Sistem                 1.   Provision of Financial Information: The Company
   pengendalian keuangan diterapkan Perusahaan                                implements its financial control system by providing
   dengan cara menyediakan informasi keuangan bagi                            financial information to all levels of management,
   setiap tingkatan manajemen, Pemegang Saham,                                Shareholders, and other stakeholders, serving as
   serta pemangku kepentingan yang dijadikan dasar                            a basis for decision-making. This system enables
   pengambilan keputusan. Sistem ini dapat digunakan                          management to effectively plan and control the
   oleh    manajemen       untuk   merencanakan      dan                      Company’s operations.
   mengendalikan operasi Perusahaan.
2. Pengendalian Fisik Aset: Pengendalian fisik                           2. Asset Physical Control: Physical asset control within
   aset di lingkungan perusahaan diarahkan untuk                            the company is directed at securing and protecting
   mengamankan dan melindungi aset-aset berisiko. Hal                       high-risk assets. This is crucial because negligence
   ini penting karena kelalaian dalam pengamanan aset                       in asset security can lead to theft, embezzlement,
   akan berakibat pada mudahnya terjadi pencurian,                          and other forms of manipulation of assets that harm
   penggelapan, dan bentuk manipulasi lainnya terhadap                      the company. Physical asset controls that can be
   aset yang merugikan perusahaan. Pengendalian fisik                       implemented include limiting individuals who can
   aset yang dapat dilakukan antara lain pembatasan                         access and use assets, data, and information, providing
   individu yang dapat mengakses penggunaan aset,                           adequate security, and applying other procedures to
   data, informasi, penyediaan keamanan yang cukup,                         ensure that physical asset control is in line with its
   dan penerapan prosedur lainnya yang menjamin                             intended purpose.
   pengendalian fisik aset sesuai dengan tujuannya.
3. Pemisahan Fungsi: Pemisahan fungsi diarahkan                          3. Separation of Functions: The separation of functions
   untuk mengurangi kesalahan, kecurangan, dan                              is intended to reduce errors, fraud, and waste. This
   pemborosan. Pemisahan fungsi di lingkungan                               separation is also aimed at strengthening the internal
   perusahaan juga ditujukan untuk memperkuat                               control system. It is done as a preventive measure
   sistem pengendalian internal. Pemisahan fungsi juga                      against deviations and as a management effort to
   dilakukan sebagai upaya untuk mencegah terjadinya                        anticipate potential issues in the future. Examples of
   penyimpangan dan sebagai upaya manajemen untuk                           function separation include: no one person is allowed to
   mengantisipasi permasalahan yang tidak diinginkan                        control the entire key aspect of an event or transaction
   yang akan terjadi di kemudian hari. Contoh pemisahan                     from beginning to end; activities such as authorizing,
   fungsi antara lain: tidak seorang pun diperbolehkan                      processing, recording, and reviewing must be carried
   mengendalikan seluruh aspek utama kejadian dan                           out by different employees (personnel); duties and
   transaksi dari awal sampai akhir proses; kegiatan                        responsibilities must be carried out in accordance
   pemberian otorisasi, pemrosesan, pencatatan, dan                         with SOP and work instructions.



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           reviu harus dilaksanakan oleh pegawai yang berbeda;
           tugas dan tanggung jawab masing-masing fungsi
           harus dilaksanakan sesuai dengan SOP dan instruksi
           kerja.
      4.   Pelaksanaan Kejadian dan Transaksi: Pengendalian             4. Event and Transaction Execution: Controls are
           dilakukan untuk memastikan bahwa hanya kejadian                 implemented to ensure that only valid events and
           dan transaksi valid yang dilakukan pencatatan                   transactions are recorded in accordance with the
           sesuai dengan ketentuan. Pengendalian dilakukan                 provisions. Controls are implemented to ensure that all
           untuk memastikan bahwa seluruh kejadian dan                     events and transactions have been properly authorized
           transaksi telah dilakukan otorisasi dengan benar oleh           by the employees assigned with the relevant
           pegawai yang diberikan tugas dan tanggung jawab.                duties and responsibilities. The implementation of
           Pelaksanaan ketentuan dan persyaratan otorisasi                 authorization provisions and requirements must be
           secara jelas harus dirumuskan dan dikomunikasikan               clearly formulated and communicated to the work
           kepada pimpinan unit kerja dan pegawai.                         unit leaders and employees.
      5.   Pencatatan yang Akurat dan Tepat Waktu atas                  5. Accurate and Timely Recording of Events and
           Kejadian dan Transaksi: Pencatatan yang akurat                  Transactions: Accurate and timely recording of events
           dan tepat waktu atas kejadian dan transaksi wajib               and transactions must be done within the company to
           dilakukan di lingkungan perusahaan untuk menjamin               ensure that relevant, reliable, and timely information
           tersedianya informasi yang relevan, terpercaya, dan             is available to assist leadership in decision-making to
           tepat waktu untuk membantu pimpinan dalam                       achieve the Company’s objectives.
           pengambilan keputusan dalam pencapaian tujuan
           Perusahaan.
      6.   Pembatasan Akses dan Akuntabilitas atas Sumber               6. Access and Accountability Restrictions for
           Daya dan Pencatatannya: Akses terhadap sumber                   Resources and Their Recording: Access to company
           daya dan catatan perusahaan harus dibatasi hanya                resources and records should be restricted to personnel
           oleh personel yang diberikan tugas, tanggung jawab,             who have been given specific duties, responsibilities,
           dan wewenang yang kemudian harus memberikan                     and authority, and they must be held accountable
           akuntabilitas atas pengelolaan sumber daya dan                  for managing these resources and maintaining all
           pemeliharaan atas seluruh catatan. Untuk menjamin               records. To ensure that controls are implemented
           pengendalian dijalankan dengan benar, aspek ini                 properly, this aspect must be periodically verified by
           harus diverifikasi secara periodik dengan melakukan             comparing the recorded amounts with the physical
           perbandingan jumlah yang tercatat dengan fisik yang             resources available.
           tersedia.
      7.   Dokumentasi yang Baik atas Kejadian dan Transaksi            7. Proper Documentation of Events and Transactions:
           Pengendalian: Setiap kejadian dan transaksi dalam               Every event and transaction within the Company must
           Perusahaan didokumentasikan dengan baik untuk                   be properly documented to ensure that all events
           menjamin bahwa seluruh kejadian dan transaksi                   and transactions can be accessed by the relevant
           tersebut dapat diakses oleh pihak-pihak yang                    parties when needed. Documenting these events and
           berkepentingan sewaktu-waktu apabila dibutuhkan.                transactions is an essential part of internal control and
           Mendokumentasikan kejadian dan transaksi tersebut               must be carried out adequately.
           merupakan bagian dari pengendalian internal yang
           harus dilakukan secara memadai.
      8.   Pemutakhiran Pedoman dan Petunjuk Teknis/                    8. Updating of Guidelines and Technical Instructions/
           Standard Operation Procedure (SOP): Pemutakhiran                Standard Operating Procedures (SOP): The updating
           SOP sebagai pedoman dalam melakukan kegiatan                    of SOP serves as a guideline for conducting the
           operasional Perusahaan dan standarisasi pada                    Company’s operational activities and for standardizing
           masing-masing unit kerja secara berkala yang juga               procedures across each work unit on a regular
           menyesuaikan dengan peraturan pemerintah yang                   basis, while also ensuring alignment with applicable
           berlaku.                                                        government regulations.

      Dalam rangka meningkatkan Sistem Pengendalian                     In an effort to strengthen its Internal Control System,
      Internal, PT Angkasa Pura Indonesia melakukan upaya               PT Angkasa Pura Indonesia is actively pursuing the
      penerapan Internal Control Over Financial Reporting               implementation of Internal Control Over Financial
      (ICofR) untuk memberikan keyakinan yang memadai                   Reporting (ICOFR) to provide reasonable assurance
      bahwa laporan keuangan yang disusun oleh Perusahaan               that the Company’s financial statements are accurate,
      akurat, transparan, bebas dari kesalahan materiil dan             transparent, free from material misstatements, and
      sesuai dengan prinsip akuntansi yang berlaku. Proses              fully compliant with applicable accounting standards.
      penerapan ICofR pada PT Angkasa Pura Indonesia saat ini           The implementation of ICOFR at PT Angkasa Pura




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pada tahap persiapan penetapan aturan dan pedoman                        Indonesia is currently in the preparatory phase, focused
untuk pelaksanaan implementasi ICOFR.                                    on the formulation and establishment of regulations
                                                                         and guidelines to govern the execution of the ICOFR
                                                                         framework.




     Kesesuaian dengan COSO
Alignment with COSO

Sistem Pengendalian internal yang dilaksanakan pada PT                   The Internal Control System implemented by PT Angkasa
Angkasa Pura Indonesia telah sesuai dengan kerangka                      Pura Indonesia has been designed in accordance with the
pengendalian internal Committee of Sponsoring                            Internal Control Framework issued by the Committee of
Organizations (COSO), yang terdiri atas lima komponen                    Sponsoring Organizations of the Treadway Commission
yaitu:                                                                   (COSO), comprising the following five components:
1. Lingkungan        Pengendalian:    Melalui   budaya                   1. Control Environment: Through the Company’s
    organisasi Perusahaan, pemberlakuan GCG yang                             organizational culture and the enforcement of Good
    diatur dalam pedoman code of conduct yang telah                          Corporate Governance (GCG) principles, as stipulated
    disosialisasikan dan dibagikan kepada seluruh                            in the Code of Conduct, which has been disseminated
    karyawan PT Angkasa Pura Indonesia yang disertai                         and distributed to all employees of PT Angkasa Pura
    dengan penandatanganan Pakta Integritas.                                 Indonesia, accompanied by the signing of an Integrity
                                                                             Pact.
2. Penaksiran Risiko: PT Angkasa Pura Indonesia telah                    2. Risk Assessment: PT Angkasa Pura Indonesia has
   menyediakan unit yang menangani penilaian risiko,                         established a dedicated unit responsible for risk
   profiling risiko, dan manajemen risiko. Semua risiko                      assessment, risk profiling, and risk management. All
   didaftarkan oleh risk owner dan direncanakan mitigasi                     risks are registered by the respective risk owners, with
   risikonya, sebagaimana tercantum dalam profil risiko.                     risk mitigation plans developed and documented in
   Profil risiko dijadikan bahan oleh Internal Audit untuk                   the risk profiles. These risk profiles serve as a basis for
   melakukan perencanaan audit berbasis risiko (risk-                        the Internal Audit Unit to develop a risk-based audit
   based audit). Rencana mitigasi yang memerlukan                            plan. Any mitigation plans requiring funding are
   biaya dan diusulkan dalam Rencana Kerja Anggaran                          proposed within the Work Plan and Budget (CWPB),
   (RKA) didasari oleh risiko apa yang mendasari.                            with clear identification of the underlying risks.
3. Aktivitas Pengendalian: PT Angkasa Pura Indonesia                     3. Control Activities: PT Angkasa Pura Indonesia
   telah melakukan aktivitas pengendalian sesuai                             conducts control activities in accordance with COSO
   dengan prinsip COSO, melalui pemisahan tugas                              principles, including adequate segregation of duties,
   yang memadai, otorisasi yang sesuai atas transaksi                        appropriate authorization of transactions and activities,
   dan aktivitas, dokumen dan catatan yang memadai                           and the maintenance of sufficient documentation
   sebagaimana tercantum dalam Laporan Keuangan                              and records, as reflected in the Annual Financial
   Tahunan. Selain itu, telah dilakukan pengendalian                         Statements. In addition, physical controls over assets
   fisik atas aktiva dan catatan, serta pemeriksaan kinerja                  and records, as well as independent performance
   secara independen, oleh internal audit maupun                             evaluations conducted by both internal and external
   eksternal audit.                                                          auditors, have been implemented.
4. Informasi dan Komunikasi: PT Angkasa Pura                             4. Information and Communication: PT Angkasa Pura
   Indonesia telah menyediakan informasi dan                                 Indonesia facilitates information dissemination and
   komunikasi melalui rapat kerja, rapat koordinasi,                         communication through work meetings, coordination
   sosialisasi, e-mail korporat, situs korporat, intranet,                   meetings, socialization activities, corporate emails, the
   sistem Human Capital (HC), electronic library, dan                        corporate website, the Intranet, the Human Capital
   media lain yang telah disediakan. Pada saat audit oleh                    (HC) system, an electronic library, and other available
   Internal Audit pun, dilakukan tahapan informasi dan                       media. During internal audits, information and
   komunikasi antara auditor dan auditee.                                    communication stages are also conducted between
                                                                             auditors and auditees.
5. Pemantauan/Monitoring: Pemantauan kegiatan                            5. Monitoring Activities: Monitoring activities, in
   sesuai dengan prinsip COSO dilakukan melalui                              accordance with COSO principles, are carried out
   performance check oleh pembina teknis, audit                              through performance checks by technical supervisors,
   internal, dan audit eksternal.                                            internal audits, and external audits.




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             Tinjauan Atas Efektivitas Sistem Pengendalian Internal
      Review of Internal Control System Effectiveness

      Evaluasi terhadap efektivitas sistem pengendalian               Evaluations of the effectiveness of the internal control
      dilakukan melalui audit, baik oleh tim audit internal           system are conducted through audits, both by the
      maupun auditor eksternal. Manajemen bertanggung                 internal audit team and external auditors. Management is
      jawab untuk memastikan sistem pengendalian internal             responsible for ensuring that the internal control system
      berfungsi secara andal dan efektif serta diterapkan di          functions reliably and effectively and is implemented at all
      seluruh tingkatan organisasi. Selain itu, pengawasan            levels of the organization. Furthermore, comprehensive
      menyeluruh terhadap pengendalian internal juga                  oversight of internal controls is also carried out to support
      dilakukan guna mendukung implementasi prinsip-                  the implementation of good corporate governance
      prinsip tata kelola perusahaan yang baik.                       principles.

      Unit Internal Audit dan Komite Audit bertanggung jawab          The Internal Audit Unit and the Audit Committee are
      dalam mengawasi pelaksanaan sistem pengendalian                 responsible for overseeing the implementation of the
      internal serta melaporkan hasilnya kepada Direksi dan           internal control system and reporting the results to the
      Dewan Komisaris. Temuan audit disampaikan kepada                Board of Directors and the Board of Commissioners. Audit
      manajemen terkait untuk ditindaklanjuti. Berdasarkan            findings are communicated to the relevant management
      pengawasan yang dilakukan sepanjang tahun 2025,                 for follow-up. Based on the oversight conducted
      sistem pengendalian internal di PT Angkasa Pura                 throughout 2025, the internal control system at PT
      Indonesia telah berfungsi secara efektif.                       Angkasa Pura Indonesia has been functioning effectively.




             Pengawasan Dewan Komisaris dan Direksi
      Supervision by the Board of Commissioners and the Board of Directors

      Untuk memastikan implementasi manajemen risiko                  To ensure effective implementation of risk management,
      berjalan efektif, Direksi dan Dewan Komisaris, melalui          the Board of Directors and Board of Commissioners,
      Komite Pemantau Manajemen Risiko dan Tata Kelola                through Risk Management and Integrated Governance
      Terintegrasi, secara rutin mengadakan rapat dengan unit         Oversight Committee, regularly hold meetings with work
      kerja yang bertanggung jawab atas fungsi manajemen              units responsible for risk management functions. These
      risiko. Rapat ini membahas pemantauan risiko dalam              meetings discuss risk monitoring within the company
      lingkungan perusahaan serta tindak lanjut yang                  and follow-up actions taken by risk owners to reduce
      telah dilakukan oleh pemilik risiko (risk owner) untuk          potential risks. Work units handling risk management
      mengurangi potensi risiko. Unit kerja yang menangani            submit risk monitoring reports to the Board of Directors
      manajemen risiko menyampaikan laporan hasil                     and Board of Commissioners at least 1 (once) a month.
      pemantauan risiko kepada Direksi dan Dewan Komisaris
      setidaknya 1 (satu) kali setiap bulannya.




        Pernyataan Direksi dan Dewan Komisaris atas
      Kecukupan Sistem Pengendalian Internal
      Board of Directors and Board of Commissioners’ Statement on the Adequacy of
      the Internal Control System

      Direksi dan Dewan Komisaris menilai sistem pengendalian         The Board of Directors and the Board of Commissioners
      internal di PT Angkasa Pura Indonesia telah berjalan            assess that the internal control system at PT Angkasa Pura
      dengan efektif dan memenuhi kecukupan dari kebijakan            Indonesia has been functioning effectively and meets
      dan standar yang menjadi pedoman. Kecukupan tersebut            the adequacy of the policies and standards in place. This
      mencakup antara lain:                                           adequacy includes:

      1.   Kecukupan aspek pengendalian umum memastikan               1.   Adequacy of General Control Aspects ensures
           bahwa sudah dipatuhinya kebijakan yang telah                    compliance with policies set by the government,



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   ditetapkan oleh pemerintah sehingga memberikan                            providing sufficient assurance in efforts to achieve
   keyakinan memadai dalam upaya pencapaian tujuan                           organizational    goals,  operational   effectiveness
   organisasi, mencapai efektivitas dan efisiensi operasi,                   and efficiency, financial reporting reliability, and
   keandalan pelaporan keuangan, serta ketaatan terhadap                     compliance with applicable regulations.
   peraturan perundang-undangan yang berlaku.
2. Kecukupan       aspek     pengendalian        internal                2. Adequacy of Internal Control Aspects ensures
   memastikan bahwa sudah dipatuhinya kebijakan                             compliance with policies set by the Company’s
   yang telah ditetapkan oleh manajemen Perusahaan                          management, supporting the achievement of
   sehingga mendukung pencapaian Perusahaan yang                            the Company’s objectives, including operational
   mencakup efektivitas dan efisiensi operasi, keandalan                    effectiveness and efficiency, financial reporting
   pelaporan keuangan, serta ketaatan terhadap                              reliability, and regulatory compliance.
   peraturan.




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        Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




      SISTEM MANAJEMEN RISIKO
      RISK MANAGEMENT SYSTEM


      Perusahaan telah menerapkan Sistem Manajemen                      The Company has implemented an integrated Risk
      Risiko yang terintegrasi dan selaras dengan prinsip ISO           Management System aligned with the principles of
      31000:2018 serta ketentuan Badan Usaha Milik Negara               ISO 31000:2018 as well as regulations governing Risk
      terkait penerapan Manajemen Risiko. Sistem ini dirancang          Management for State-Owned Enterprises. This system is
      untuk memastikan bahwa seluruh risiko yang dihadapi               designed to ensure that all risks faced by the Company
      Perusahaan dapat dikelola secara efektif, terstruktur, dan        are managed effectively, in a structured and sustainable
      berkelanjutan dalam mendukung pencapaian tujuan                   manner, in support of achieving its strategic objectives.
      strategis.

      Sistem Manajemen Risiko Perusahaan mencakup                       The Company’s Risk Management System comprises
      kebijakan yang dituangkan dalam Pedoman Bersama                   policies stipulated in the Joint Risk Management
      Manajemen Risiko, struktur organisasi pengelola risiko            Guidelines, a risk management organizational structure
      yang mengacu pada Three Lines Model, serta proses                 based on the Three Lines Model, and risk management
      manajemen risiko yang meliputi identifikasi, analisis,            processes covering risk identification, analysis, evaluation,
      evaluasi, dan pengendalian risiko. Selain itu, Perusahaan         and control. In addition, the Company periodically
      secara berkala menyusun Profil Risiko sebagai dasar               prepares a Risk Profile as a basis for decision-making
      pengambilan keputusan, serta mengintegrasikan aspek               and integrates risk considerations into the formulation of
      risiko dalam penyusunan Rencana Kerja dan Anggaran                the Company’s Work Plan and Budget (RKAP) as well as
      Perusahaan (RKAP) dan berbagai keputusan strategis                other strategic decisions. Risk monitoring and reporting
      lainnya. Monitoring dan pelaporan risiko dilakukan                are conducted regularly to the Board of Directors and the
      secara berkala kepada Direksi dan Dewan Komisaris                 Board of Commissioners as part of a continuous oversight
      sebagai bagian dari mekanisme pengawasan yang                     mechanism.
      berkesinambungan.




          Gambaran Umum dan Strategi Pengelolaan Risiko
      Overview and Risk Management Strategy

      Pesatnya pertumbuhan industri penerbangan membuat                 The rapid growth of the aviation industry has made
      risiko yang dihadapi PT Angkasa Pura Indonesia dalam              the risks faced by PT Angkasa Pura Indonesia in every
      setiap proses bisnisnya semakin kompleks. Untuk                   business process increasingly complex. To address
      mengatasi hal ini, perusahaan mengembangkan                       this, the company has developed an integrated risk
      kerangka kerja manajemen risiko terpadu (Enterprise               management framework (Enterprise Risk Management/
      Risk Management/ERM) guna mengurangi potensi                      ERM) to reduce potential losses, increase profitability,
      kerugian, meningkatkan profitabilitas, menciptakan nilai,         create value, strengthen stakeholder trust, and
      serta memperkuat kepercayaan pemangku kepentingan                 implement the best standards in corporate governance.
      dan menerapkan standar terbaik dalam tata kelola                  In addition, the implementation of a risk management
      perusahaan. Selain itu, penerapan sistem manajemen                system aims to provide clear direction, boundaries, and
      risiko bertujuan untuk memberikan arahan, batasan, dan            responsibilities in risk management, with reference to the
      tanggung jawab yang jelas dalam pengelolaan risiko,               ISO 31000:2018 Risk Management Guidelines, which have
      dengan mengacu pada standar ISO 31000:2018 Risk                   been adopted as Indonesian National Standards (SNI) and
      Management Guidelines yang telah diadopsi sebagai                 ISO 31000:2018 Risk Management Guidelines.
      Standar Nasional Indonesia (SNI) dan ISO 31000:2018
      Manajemen Risiko Pedoman.

      Proses manajemen risiko terdiri dari enam tahapan                 The risk management process consists of the following six
      kegiatan sebagai berikut:                                         stages:
      1. Komunikasi dan Konsultasi: Komunikasi bertujuan                1. Communication and Consultation: Communication
         untuk meningkatkan kesadaran dan pemahaman                        aims to increase awareness and understanding
         terkait risiko, sementara konsultasi dilakukan                    of risks, while consultation is conducted to obtain
         untuk memperoleh masukan serta informasi guna                     input and information to support decision-making.



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     mendukung          pengambilan     keputusan.   Sinergi                    Strong synergy between the two should enable the
     yang kuat antara keduanya harus memungkinkan                               exchange of factual, timely, relevant, accurate, and
     pertukaran informasi yang faktual, tepat waktu,                            easily understandable information, while maintaining
     relevan, akurat, dan mudah dipahami, dengan tetap                          confidentiality, integrity of information, and individual
     memperhatikan kerahasiaan, integritas informasi,                           privacy rights.
     serta hak privasi individu.
2.   Ruang Lingkup, Konteks, dan Kriteria: Penentuan                        2. Scope, Context and Criteria: The scope, context, and
     ruang lingkup, konteks, dan kriteria dilakukan untuk                      criteria are determined to align the risk management
     menyesuaikan proses manajemen risiko, sehingga                            process, enabling more effective risk evaluation
     memungkinkan evaluasi risiko yang lebih efektif serta                     and the implementation of appropriate response
     penerapan langkah penanganan yang tepat.                                  measures.
3.   Penilaian Risiko:                                                      3. Risk Assessment:
     a. Identifikasi Risiko: Tujuan dari identifikasi risiko                   a. Risk Identification: The purpose of risk
          (risk identification) adalah untuk menemukan,                            identification is to discover, recognise and describe
          mengenali, dan menjelaskan risiko yang dapat                             risks that may help or prevent an organisation
          membantu atau mencegah organisasi mencapai                               from achieving its objectives.
          tujuannya.
     b. Analisis Risiko: Tujuan dari analisis risiko adalah                     b. Risk Analysis: The purpose of risk analysis is to
          untuk memahami sifat risiko, karakteristik, dan                          understand the nature of risks, their characteristics,
          tingkat risikonya. Analisis risiko melibatkan                            and their levels. Risk analysis involves detailed
          pertimbangan rinci mengenai ketidakpastian,                              consideration of uncertainty, sources of risk,
          sumber risiko, dampak, kemungkinan, peristiwa,                           impact, probability, events, scenarios, controls, and
          skenario, kontrol, dan keefektifan dari kontrol                          the effectiveness of those controls.
          tersebut.
     c. Evaluasi Risiko: Tujuan evaluasi risiko adalah                          c. Risk Evaluation: The purpose of risk evaluation
          untuk mendukung pengambilan keputusan.                                   is to support decision making. Risk evaluation
          Dalam evaluasi risiko dilakukan perbandingan                             involves comparing the results of risk analysis with
          antara hasil analisis risiko dengan kriteria risiko                      established risk criteria to determine whether
          yang ditetapkan untuk menentukan apakah                                  additional measures are necessary.
          tindakan tambahan diperlukan.
4.   Perlakuan Risiko: Perlakuan risiko bertujuan untuk                     4. Risk Treatment: Risk treatment aims to determine
     menentukan dan menerapkan strategi dalam                                  and implement strategies for managing risk. Selecting
     mengelola risiko. Pemilihan opsi perlakuan risiko                         the most appropriate risk treatment options involves
     yang paling tepat melibatkan keseimbangan                                 balancing the potential benefits that can support the
     antara manfaat potensial yang dapat mendukung                             achievement of objectives with the costs, efforts, and
     pencapaian tujuan dengan biaya, upaya, serta                              potential losses resulting from the implementation of
     kemungkinan kerugian akibat penerapan strategi                            those strategies.
     tersebut.
5.   Pemantauan          dan    Kaji   Ulang: Pemantauan                    5. Monitoring and Review: Monitoring and evaluation
     dan evaluasi dilakukan untuk menjamin serta                               are conducted to ensure and improve the quality
     meningkatkan kualitas dan efektivitas dalam                               and effectiveness of the design, implementation, and
     perancangan, penerapan, dan hasil dari proses                             results of the risk management process. This process
     manajemen risiko. Proses ini harus diterapkan di                          must be applied at every stage of risk management.
     setiap tahap manajemen risiko. Pemantauan dan                             Monitoring and evaluation include planning, data
     evaluasi mencakup perencanaan, pengumpulan serta                          collection and analysis, recording of results, and
     analisis data, pencatatan hasil, dan penyampaian                          provision of feedback.
     umpan balik.
6.   Dokumentasi dan Pelaporan: Proses manajemen                            6. Documentation and Reporting: The risk management
     risiko beserta hasilnya harus dicatat dan dilaporkan                      process and its results must be recorded and reported
     melalui mekanisme yang sesuai. Pelaporan ini                              through appropriate mechanisms. This reporting
     menjadi bagian penting dalam tata kelola organisasi,                      is an important part of organisational governance,
     berfungsi untuk meningkatkan kualitas komunikasi                          serving to improve the quality of communication with
     dengan pemangku kepentingan, serta mendukung                              stakeholders and supporting senior management and
     manajemen puncak dan badan pengawasan dalam                               supervisory bodies in carrying out their responsibilities.
     menjalankan tanggung jawab mereka. Dokumentasi                            The risk management process is documented based
     proses manajemen risiko dilakukan berdasarkan hasil                       on the results of monitoring its implementation.
     pemantauan terhadap pelaksanaannya.




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         Ikhtisar 2025       Laporan Manajemen        Tentang Perusahaan        Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
         2025 Highlights     Management Report        About the Company         Management Discussion and Analysis    Corporate Governance




           Jenis Risiko dan Cara Pengelolaannya
      Types of Risk and How to Manage Them

      Perusahaan mengelompokkan risiko berdasarkan                         The Company classifies risks in alignment with the
      kerangka yang selaras dengan induk usaha, yang meliputi              framework established by its parent entity, which
      risiko strategis, risiko pasar, risiko keuangan, risiko kredit       includes strategic risk, market risk, financial risk, credit or
      atau counterpart credit, risiko operasional, risiko investasi        counterparty credit risk, operational risk, investment or
      atau proyek, risiko reputasi, serta risiko regulasi, hukum,          project risk, reputational risk, as well as regulatory, legal,
      dan kepatuhan.                                                       and compliance risk.

      Pengelolaan risiko dilakukan secara komprehensif melalui             Risk management is carried out comprehensively
      tahapan yang sistematis, dimulai dari identifikasi risiko            through systematic stages, beginning with the annual
      tahunan serta identifikasi risiko baru atau insidental yang          identification of risks as well as the identification of new
      muncul selama tahun berjalan. Selanjutnya, Perusahaan                or incidental risks arising during the year. The Company
      melakukan pengukuran terhadap kemungkinan dan                        then assesses the likelihood and impact of identified
      dampak risiko, menetapkan penanggung jawab risiko                    risks, assigns risk owners, and formulates appropriate
      (risk owner), serta menyusun rencana mitigasi yang                   mitigation plans. The effectiveness of risk controls is
      relevan. Efektivitas pengendalian risiko dipantau secara             monitored periodically, supported by reporting and
      berkala, disertai dengan mekanisme pelaporan dan                     escalation mechanisms for significant risks to ensure
      eskalasi atas risiko signifikan guna memastikan respons              timely and measured responses.
      yang tepat waktu dan terukur.



                Risiko                                                       Uraian Risiko
                 Risk                                                      Risk Description

       Risiko Strategis        Berbagai ancaman dan peluang dapat mempengaruhi pencapaian sasaran strategis perusahaan
       Strategic Risk          yang telah ditetapkan dalam rencana jangka pendek, menengah, dan panjang. Risiko strategis
                               dapat muncul akibat ketidakmampuan perusahaan dalam merancang strategi, kesalahan dalam
                               pengambilan keputusan, penerapan strategi yang kurang efektif dan efisien, serta kegagalan
                               dalam beradaptasi dengan perubahan yang terjadi di lingkungan eksternal.

                               Various threats and opportunities can affect the achievement of strategic objectives set out in
                               short-, medium- and long-term plans. Strategic risks can arise from the company’s inability to
                               design strategies, errors in decision-making, ineffective and inefficient strategy implementation,
                               and failure to adapt to changes in the external environment.

       Risiko Finansial        Berbagai ancaman dan peluang dapat mempengaruhi pencapaian output dari aktivitas bisnis
       Financial Risk          perusahaan, yang berdampak pada kondisi keuangan perusahaan. Risiko keuangan dipengaruhi
                               oleh faktor internal, seperti tingkat likuiditas, profitabilitas, dan aspek keuangan lainnya. Selain itu,
                               faktor eksternal seperti fluktuasi nilai tukar mata uang, perubahan suku bunga, tingkat inflasi, serta
                               realisasi investasi juga dapat berkontribusi terhadap risiko keuangan.

                               Various threats and opportunities can affect the output of a company’s business activities, which in
                               turn impact the company’s financial condition. Financial risk is influenced by internal factors, such
                               as liquidity profitability, and other financial aspects; in addition, external factors such as currency
                               exchange rate fluctuations, interest rate changes, inflation rates, and investment realisation can
                               also contribute to financial risk.

       Risiko Keselamatan      Berbagai ancaman dan peluang dapat mempengaruhi pencapaian tujuan dalam aspek
       dan Keamanan            keselamatan dan keamanan bandara, serta keselamatan dan kesehatan kerja bagi manajemen,
       Health and              karyawan, pengguna jasa, dan pemangku kepentingan lainnya di lingkungan perusahaan. Risiko-
       Safety Risk             risiko ini timbul dari aktivitas bisnis yang dilakukan untuk mendukung operasional utama dalam
                               pengelolaan bandara.

                               Various threats and opportunities can affect the achievement of objectives in terms of airport safety
                               and security, as well as occupational safety and health for management, employees, service users,
                               and other stakeholders within the company. These risks arise from business activities carried out to
                               support key operations in airport management.




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        Risiko                                                             Uraian Risiko
          Risk                                                           Risk Description

 Risiko Operasional        Berbagai ancaman dan peluang dapat mempengaruhi pencapaian hasil dari setiap aktivitas
 Operational Risk          operasional perusahaan. Risiko operasional berhubungan langsung dengan proses operasional
                           perusahaan dan berpotensi berdampak pada profitabilitas. Jika tidak dikelola dengan baik, risiko ini
                           dapat menyebabkan kerugian, baik dalam aspek finansial maupun non finansial bagi perusahaan.

                           Various threats and opportunities can affect the outcome of every operational activity of a company.
                           Operational risk is directly related to the operational processes of a company and has the potential
                           to impact profitability. If not managed properly, this risk can cause losses, both financial and non-
                           financial, to the company.

 Risiko Kepatuhan          Berbagai ancaman dan peluang dapat mempengaruhi pencapaian tujuan perusahaan dalam
 Compliance Risk           aspek kepatuhan. Risiko kepatuhan dapat timbul akibat perubahan regulasi yang cepat, potensi
                           sengketa bisnis, serta kewajiban untuk mematuhi prinsip tata kelola perusahaan dan peraturan
                           perundang-undangan yang berlaku.

                           Various threats and opportunities can affect the achievement of corporate objectives in terms
                           of compliance. Compliance risks can arise from rapid regulatory changes, potential business
                           disputes, and obligations to comply with corporate governance principles and applicable laws and
                           regulations.

 Risiko Kecurangan         Berbagai ancaman dan peluang dapat mempengaruhi pencapaian sasaran dan target perusahaan
 Cheating Risk             akibat lemahnya penerapan manajemen kepatuhan. Risiko kecurangan muncul dari tindakan
                           ilegal atau pelanggaran lainnya yang dapat merusak reputasi perusahaan di dunia bisnis serta
                           mengurangi kemampuannya dalam menjaga keberlangsungan usaha.

                           Various threats and opportunities can affect the achievement of company goals and targets due
                           to weak compliance management. The risk of fraud arises from illegal actions or other violations
                           that can damage the company’s reputation in the business world and reduce its ability to maintain
                           business continuity.




    Kebijakan Manajemen Risiko
Risk Management Policy

Kebijakan Manajemen Risiko Perusahaan ditetapkan                         The Company’s Risk Management Policy is established
melalui Peraturan Bersama Dewan Komisaris dan Direksi                    through a Joint Regulation of the Board of Commissioners
sebagai pedoman utama dalam penerapan manajemen                          and the Board of Directors, serving as the primary
risiko di seluruh lini organisasi. Kebijakan ini menegaskan              guideline for risk management implementation across
bahwa penerapan Manajemen Risiko wajib dilakukan                         all organizational levels. This policy mandates that Risk
secara efektif, terstruktur, sistematis, dan terintegrasi                Management be applied effectively, in a structured,
dalam seluruh aktivitas bisnis Perusahaan, serta                         systematic, and integrated manner across all business
ditinjau secara berkala untuk menyesuaikan dengan                        activities, and be reviewed periodically to ensure
perkembangan regulasi dan dinamika usaha.                                alignment with regulatory developments and business
                                                                         dynamics.

Ruang lingkup kebijakan mencakup pengurusan aktif                        The policy encompasses active management by the
oleh Direksi dan pengawasan oleh Dewan Komisaris,                        Board of Directors and oversight by the Board of
kecukupan kebijakan dan standar prosedur, penerapan                      Commissioners, the adequacy of policies and standard
proses manajemen risiko yang komprehensif, serta                         procedures, the implementation of comprehensive risk
penggunaan Three Lines Model sebagai kerangka tata                       management processes, and the adoption of the Three
kelola risiko. Kebijakan ini juga mengatur integrasi                     Lines Model as the risk governance framework. It also
Manajemen Risiko dengan Sistem Pengendalian Internal                     regulates the integration of Risk Management with the
dan Business Continuity Management System (BCMS),                        Internal Control System and the Business Continuity
penilaian Indeks Kematangan Risiko (Risk Maturity                        Management System (BCMS), the assessment of the Risk
Index), serta penerapan Manajemen Risiko Terintegrasi                    Maturity Index, and the implementation of Integrated
dengan Perusahaan Induk dan entitas anak.                                Risk Management with the parent entity and subsidiaries.




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        2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




          Perencanaan, Penerapan, Pemantauan, dan Evaluasi
      Planning, Implementation, Monitoring, and Evaluation

      Perusahaan melaksanakan siklus Manajemen Risiko                   The    Company        implements     a   comprehensive
      secara menyeluruh yang meliputi perencanaan,                      Risk Management cycle consisting of planning,
      penerapan,      pemantauan,    dan    evaluasi.   Tahap           implementation, monitoring, and evaluation. The planning
      perencanaan dilakukan melalui penetapan strategi risiko,          phase includes the establishment of risk strategies,
      asesmen risiko yang mencakup identifikasi, analisis, dan          risk assessments covering identification, analysis, and
      evaluasi, serta penyusunan rencana perlakuan risiko yang          evaluation, and the preparation of risk treatment plans
      terintegrasi dalam perencanaan strategis dan RKAP.                integrated into strategic planning and RKAP.

      Tahap penerapan mencakup proses komunikasi dan                    The implementation phase includes communication and
      konsultasi, penetapan konteks dan kriteria risiko,                consultation processes, the establishment of risk context
      pelaksanaan asesmen risiko, implementasi perlakuan                and criteria, risk assessment execution, risk treatment
      risiko, serta pencatatan dan pelaporan berbasis Three             implementation, and recording and reporting based
      Lines Model. Selanjutnya, pemantauan dilakukan secara             on the Three Lines Model. Monitoring is conducted
      berkala melalui monitoring tingkat risiko, realisasi              periodically through the tracking of risk levels, realization
      perlakuan risiko, serta penyampaian laporan baik secara           of risk treatment, and submission of both periodic and
      triwulanan maupun insidental.                                     incidental reports.

      Evaluasi dilakukan melalui review internal, pengawasan            Evaluation is carried out through internal reviews,
      oleh Dewan Komisaris, serta penilaian Indeks Kematangan           oversight by the Board of Commissioners, and assessment
      Risiko untuk memastikan efektivitas penerapan dan                 of the Risk Maturity Index to ensure effectiveness
      mendorong perbaikan berkelanjutan dalam sistem                    and continuous improvement in the Company’s risk
      manajemen risiko Perusahaan.                                      management implementation.




          Pelaporan Manajemen Risiko
      Risk Management Reporting

      Pelaporan Manajemen Risiko Perusahaan disusun                     The Company’s Risk Management reporting is structured
      secara terstruktur dan mencakup laporan penerapan                 and comprises both periodic and incidental reports. The
      Manajemen Risiko serta laporan insidental. Laporan                Risk Management implementation report includes risk
      penerapan Manajemen Risiko meliputi strategi risiko,              strategy, risk profile, risk map, realization of inherent and
      profil risiko, peta risiko, realisasi risiko inheren dan          residual risks, realization of risk treatment and associated
      residual, realisasi perlakuan risiko beserta biayanya,            costs, summary of risk changes, and loss event database
      ikhtisar perubahan risiko, serta catatan kejadian                 records. Meanwhile, incidental reports are prepared in the
      kerugian (loss event database). Sementara itu, laporan            event of abnormal conditions that may result in significant
      insidental disusun apabila terjadi kondisi tidak normal           losses or disrupt the Company’s business operations.
      yang berpotensi menimbulkan kerugian signifikan atau
      mengganggu keberlangsungan operasional Perusahaan.

      Dalam mekanisme penyusunan laporan, Unit Pemilik                  In the reporting mechanism, Risk Owner Units as the
      Risiko sebagai lini pertama bertanggung jawab atas                first line are responsible for identifying and managing
      identifikasi dan pengelolaan risiko di unit masing-masing.        risks within their respective units. The Risk Management
      Unit Manajemen Risiko sebagai lini kedua berperan dalam           Unit as the second line is responsible for coordinating,
      koordinasi, konsolidasi, reviu, dan penyusunan laporan            consolidating, reviewing, and preparing corporate-level
      secara korporasi. Laporan dari unit kerja disampaikan             Risk Management reports. Reports from operational
      secara berjenjang mulai dari tingkat cabang ke regional           units are submitted in stages, from branch to regional
      hingga kantor pusat untuk dikompilasi menjadi laporan             and subsequently to headquarters, where they are
      Manajemen Risiko korporasi. Laporan tersebut kemudian             compiled into the corporate Risk Management report.
      disampaikan oleh Direktur Utama kepada Dewan                      This report is then submitted by the President Director
      Komisaris, serta dievaluasi oleh fungsi Internal Audit            to the Board of Commissioners and further evaluated by
      untuk memastikan kecukupan penerapan Manajemen                    the Internal Audit function to ensure the adequacy of Risk
      Risiko.                                                           Management implementation.




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




     Tinjauan Atas Efektivitas Sistem Manajemen Risiko
Review of the Effectiveness of the Risk Management System

PT Angkasa Pura Indonesia secara berkelanjutan meninjau                  PT Angkasa Pura Indonesia continuously reviews the
efektivitas penerapan sistem manajemen risiko. Proses                    effectiveness of its risk management system. This
ini dilakukan melalui pengawasan oleh Dewan Komisaris                    process is carried out through supervision by the Board
dan Direksi, evaluasi kecukupan sistem informasi, serta                  of Commissioners and Directors, evaluation of the
penilaian terhadap proses identifikasi, pengukuran,                      adequacy of information systems, and assessment of the
pemantauan, dan pengendalian risiko. Untuk memastikan                    risk identification, measurement, monitoring, and control
bahwa manajemen risiko berkontribusi secara signifikan                   processes. To ensure that risk management contributes
dalam pencapaian tujuan perusahaan, evaluasi tahunan                     significantly to the achievement of corporate objectives,
dilakukan secara berkala bersama pihak eksternal.                        annual evaluations are conducted regularly with external
Evaluasi ini bertujuan untuk mengukur tingkat maturitas                  parties. These evaluations aim to measure the level of
dalam implementasi manajemen risiko di lingkungan PT                     maturity in the implementation of risk management
Angkasa Pura Indonesia.                                                  within PT Angkasa Pura Indonesia.

Pengukuran maturitas ini memberikan gambaran                             This maturity measurement provides an overview of the
mengenai penerapan manajemen risiko di perusahaan                        implementation of risk management in the company
dibandingkan dengan praktik terbaik (best practices)                     compared to best practices and identifies areas that still
serta mengidentifikasi area yang masih perlu perbaikan.                  need improvement. The recommendations generated
Rekomendasi yang dihasilkan menjadi dasar untuk                          serve as a basis for improving risk management in the
penyempurnaan manajemen risiko di masa depan                             future as part of a continuous improvement programme
sebagai bagian dari program continuous improvement                       or opportunity for improvement, so that the company can
atau opportunity for improvement, sehingga perusahaan                    focus on improvements based on the evaluation results.
dapat fokus pada perbaikan berdasarkan hasil evaluasi.

Selain itu, Perusahaan juga melakukan penilaian Indeks                   In addition, the Company performs an assessment of the
Kematangan Risiko (Risk Maturity Index) sebagai                          Risk Maturity Index as an indicator of the maturity level
indikator tingkat kematangan penerapan manajemen                         of its risk management implementation. In 2024, the
risiko. Pada tahun 2024, Perusahaan mencatat skor                        Company recorded a score of 2.88, categorized within the
sebesar 2,88 dengan kategori berada pada Fase                            Developing Phase (+). For 2025, the measurement process
Berkembang (+). Untuk tahun 2025, pengukuran masih                       is still ongoing as part of the Company’s continuous efforts
dalam proses, sebagai bagian dari upaya peningkatan                      to enhance the effectiveness of its Risk Management
berkelanjutan terhadap efektivitas sistem Manajemen                      System.
Risiko Perusahaan.




    Pengawasan Dewan Komisaris Dan Direksi
Supervision of the Board of Commissioners and Board of Directors

Untuk memastikan implementasi manajemen risiko                           To ensure effective implementation of risk management,
berjalan efektif, Direksi dan Dewan Komisaris, melalui                   the Board of Directors and Board of Commissioners,
Komite Risiko Usaha dan GCG, secara rutin mengadakan                     through the Business Risk and GCG Committee, regularly
rapat dengan unit kerja yang bertanggung jawab                           hold meetings with work units responsible for risk
atas fungsi manajemen risiko. Rapat ini membahas                         management functions. These meetings discuss risk
pemantauan risiko dalam lingkungan perusahaan serta                      monitoring within the company and follow-up actions
tindak lanjut yang telah dilakukan oleh pemilik risiko (risk             taken by risk owners to reduce potential risks. Work units
owner) untuk mengurangi potensi risiko. Unit kerja yang                  handling risk management submit risk monitoring reports
menangani manajemen risiko menyampaikan laporan                          to the Board of Directors and Board of Commissioners at
hasil pemantauan risiko kepada Direksi dan Dewan                         least twice a year.
Komisaris setidaknya dua kali dalam setahun.




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           Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan         Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
           2025 Highlights   Management Report     About the Company          Management Discussion and Analysis   Corporate Governance




        Pernyataan Direksi dan Dewan Komisaris Atas
      Kecukupan Sistem Manajemen Risiko
      Statement of the Board of Directors and Board of Commissioners on the
      Adequacy of the Risk Management System


      Pada tahun 2025, Direksi dan Dewan Komisaris telah                In 2025, the Board of Directors and Board of
      menerima laporan hasil pemantauan risiko dari unit                Commissioners received risk monitoring reports from the
      kerja yang bertanggung jawab atas fungsi manajemen                work units responsible for risk management functions
      risiko di perusahaan. Berdasarkan evaluasi mereka,                within the company. Based on their evaluation, the risk
      sistem manajemen risiko di PT Angkasa Pura Indonesia              management system at PT Angkasa Pura Indonesia was
      dinilai telah beroperasi dengan baik dan sesuai dengan            assessed to be operating well and in accordance with the
      kebijakan serta standar yang dijadikan acuan. Aspek-              policies and standards used as a reference. The aspects of
      aspek kecukupan yang dinilai mencakup, antara lain:               adequacy assessed include, among others:

      1.   Kecukupan Sistem Informasi Manajemen Risiko:                 1.   Adequacy of the Risk Management Information
           PT Angkasa Pura Indonesia mengembangkan modul                     System: PT Angkasa Pura Indonesia has developed
           sistem manajemen risiko berbasis website untuk                    a web-based risk management system module to
           menjawab kebutuhan perusahaan atas penyediaan                     address the company’s need for real-time risk data
           data risiko secara real time dan akses yang mudah.                and easy access. This system aims to facilitate risk
           Sistem     ini  bertujuan    untuk   mempermudah                  managers in monitoring and updating data related
           pengelola risiko dalam melakukan pemantauan dan                   to risks faced by their work units in real time and in
           pemutakhiran data informasi terkait dengan risiko                 a documented manner. The Board of Directors can
           yang dimiliki oleh unit kerjanya secara real time dan             actively participate in the company’s risk monitoring
           terdokumentasi. Direksi dapat ikut serta berperan                 process through the development of this web-based
           aktif dalam proses pemantauan risiko perusahaan                   risk management information system.
           melalui pengembangan sistem informasi manajemen
           risiko berbasis website tersebut.

      2. Kecukupan       Proses   Identifikasi, Pengukuran,             2. Adequacy of Risk Identification, Measurement,
         Pemantauan, dan Pengendalian Risiko: Direksi                      Monitoring, and Control Processes: The Board of
         melalui fungsi internal audit telah melakukan                     Directors, through its internal audit function, has
         pemeriksaan,      evaluasi,  pelaporan,   dan/atau                conducted examinations, evaluations, reporting,
         rekomendasi perbaikan atas kecukupan dan                          and/or recommendations for improvements on the
         efektivitas proses manajemen risiko yang kemudian                 adequacy and effectiveness of risk management
         ditindaklanjuti melalui evaluasi oleh Komite Risiko               processes, which are then followed up through
         Usaha dan GCG. Kegiatan ini dilakukan untuk                       evaluations by the Business Risk and GCG Committee.
         memastikan kecukupan proses manajemen risiko                      These activities are carried out to ensure that
         telah dilakukan sesuai dengan pedoman dan                         risk management processes are adequate and
         ketentuan yang berlaku.                                           in accordance with applicable guidelines and
                                                                           regulations.




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KODE ETIK
CODE OF CONDUCT


Perusahaan telah menetapkan Pedoman Perilaku dan                         The Company has established a Code of Conduct,
Etika Perusahaan (Code of Conduct), yang diatur dalam                    which is regulated in the Joint Decree of the Board of
Peraturan Bersama Dewan Komisaris dan Direksi PT                         Directors and Board of Commissioners of PT Angkasa
Angkasa Pura Indonesia No. KEP.28/DK.API/12/2024                         Pura Indonesia No. KEP.28/DK.API/12/2024 and No. PD.DU
dan No. PD.DU.1026/XII/2024. Pedoman ini berisi                          1026/XII/2024. These guidelines contain commitments
komitmen yang mencakup etika usaha dan etika kerja,                      covering business ethics and work ethics, designed to
yang dirancang untuk mempengaruhi, membentuk,                            influence, shape, regulate, and align behaviour to achieve
mengatur, dan menyelaraskan perilaku guna mencapai                       consistent results in line with the company’s culture in
hasil yang konsisten sesuai budaya perusahaan dalam                      realising its vision and mission.
mewujudkan visi dan misi.

Pedoman tersebut berfungsi sebagai panduan bagi                          The guidelines serve as a guide for all members of the
seluruh insan Perusahaan di setiap tingkatan organisasi,                 Company at every level of the organisation, providing
memberikan kejelasan mengenai tindakan yang harus                        clarity on the actions to be taken and adhered to in
dilakukan dan dipatuhi sesuai dengan nilai-nilai korporasi               accordance with established corporate values.
yang telah ditetapkan.




  Tujuan Disusunnya Pedoman Perilaku dan Etika
Perusahaan
Purpose of the Company’s Code of Conduct and Ethics


Tujuan disusunnya Pedoman Perilaku dan Etika                             The purpose of establishing the Code of Conduct and
Perusahaan (Code of Conduct) di PT Angkasa Pura                          Business Ethics at PT Angkasa Pura Indonesia was
Indonesia adalah untuk memperkuat pencegahan                             to strengthen prevention and compliance through
dan kepatuhan melalui peningkatan pemahaman                              enhancing the understanding and adherence of all
serta kepatuhan seluruh Insan Perusahaan terhadap                        Company Personnel to gratuity provisions and the
ketentuan gratifikasi dan penerapan Sistem Manajemen                     implementation of the Anti-Bribery Management System
Anti Penyuapan (SMAP). Pedoman ini juga bertujuan                        (SMAP). This guideline also aimed to build a culture
membangun budaya kerja yang berintegritas dengan                         of integrity by fostering a transparent, accountable,
menciptakan lingkungan yang transparan, akuntabel,                       independent, and fair environment, thereby ensuring that
mandiri, dan wajar, sehingga Perusahaan senantiasa                       the Company remained free from practices of Corruption,
bersih dari praktik Korupsi, Kolusi, dan Nepotisme (KKN),                Collusion, and Nepotism (KKN), while enhancing
serta mampu meningkatkan kredibilitas dan kepercayaan                    credibility and public as well as stakeholder trust.
publik maupun pemangku kepentingan.

Selain itu, Pedoman ini menjadi acuan dalam memastikan                   In addition, this guideline served as a reference in ensuring
efektivitas mekanisme pelaporan pelanggaran melalui                      the effectiveness of violation reporting mechanisms
Whistleblowing      System,     sekaligus   mendukung                    through the Whistleblowing System, while supporting
tersedianya mekanisme deteksi dini sehingga dapat                        the availability of early detection mechanisms to minimize
meminimalkan risiko finansial dan non-finansial. Pada                    financial and non-financial risks. Ultimately, this guideline
akhirnya, Pedoman ini memperkuat penerapan prinsip                       reinforced the implementation of Good Corporate
GCG, sistem pengendalian internal, serta memastikan                      Governance (GCG) principles, strengthened the internal
implementasi SMAP selaras dengan Standar Nasional                        control system, and ensured that the implementation of
Indonesia (SNI) ISO 37001:2016.                                          SMAP was aligned with the Indonesian National Standard
                                                                         (SNI) ISO 37001:2016.




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        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




          Pokok-Pokok Kode Etik
      Key Points of the Code of Conduct

      Pedoman Perilaku dan Etika Perusahaan (Code of Conduct)        The Code of Conduct and Business Ethics of PT Angkasa
      PT Angkasa Pura Indonesia menjadi acuan utama bagi             Pura Indonesia served as the primary reference for
      seluruh Insan Perusahaan dalam menjalankan aktivitas           all Company Personnel in carrying out business and
      bisnis dan operasional. Pedoman ini bertujuan untuk            operational activities. This guideline aimed to foster
      membentuk perilaku kerja yang profesional, menciptakan         professional work behavior, create a conducive working
      lingkungan kerja yang kondusif, meningkatkan reputasi          environment, enhance the Company’s reputation, and
      Perusahaan, serta menumbuhkan karakter yang disiplin           cultivate disciplined and ethical character in the execution
      dan beretika dalam pelaksanaan tugas sehari-hari.              of daily duties.

      Dalam hubungan eksternal, Perusahaan berkomitmen               In external relations, the Company was committed to
      meningkatkan nilai investasi Pemegang Saham                    enhancing shareholder investment value in a fair and
      secara adil dan transparan dengan tetap menegaskan             transparent manner while maintaining the operational
      kewenangan operasional pada Direksi. Perusahaan juga           authority of the Board of Directors. The Company
      senantiasa mematuhi peraturan perundang-undangan,              also consistently complied with applicable laws and
      mendukung penegakan hukum, serta menolak praktik               regulations, supported law enforcement, and rejected
      pencucian uang. Dalam interaksi dengan pengguna                money laundering practices. In its interactions with
      jasa dan mitra usaha, Perusahaan mengedepankan                 service users and business partners, the Company
      pelayanan prima, menjunjung persaingan usaha yang              prioritized service excellence, upheld fair business
      sehat, menjaga integritas dalam pengadaan barang dan           competition, maintained integrity in the procurement of
      jasa, serta melindungi kerahasiaan informasi.                  goods and services, and safeguarded the confidentiality
                                                                     of information.

      Secara internal, Pedoman ini mengatur etika kerja              Internally, this Code governed work ethics that upheld
      yang menjunjung prinsip GCG, termasuk keteladanan              GCG principles, including exemplary conduct by the
      Dewan Komisaris dan Direksi, penghindaran benturan             Board of Commissioners and the Board of Directors,
      kepentingan, serta perlindungan informasi Perusahaan.          avoidance of conflicts of interest, and protection of
      Seluruh Insan Perusahaan diwajibkan menjaga integritas,        Company information. All Company Personnel were
      menghindari gratifikasi dan penyuapan dengan prinsip           required to maintain integrity, avoid gratuities and bribery
      Zero Tolerance, serta memastikan kebenaran informasi           under a Zero Tolerance principle, and ensure the accuracy
      dan perlindungan aset Perusahaan. Implementasi                 of information and protection of Company assets. The
      Pedoman diperkuat melalui kewajiban penandatanganan            implementation of this Code was reinforced through the
      pernyataan kepatuhan setiap tahun, mekanisme                   mandatory annual signing of compliance statements,
      pelaporan pelanggaran yang terjamin kerahasiaannya,            confidential violation reporting mechanisms, and the
      serta penerapan sanksi sesuai ketentuan yang berlaku.          imposition of sanctions in accordance with applicable
                                                                     regulations.




          Kepatuhan Terhadap Kode Etik
      Compliance With the Code of Conduct

      Seluruh pegawai PT Angkasa Pura Indonesia, termasuk            All employees of PT Angkasa Pura Indonesia, including
      anggota Dewan Komisaris, dan Direksi, diwajibkan untuk         members of the Board of Commissioners, the Board of
      mematuhi Pedoman Perilaku dan Etika Perusahaan.                Directors, are required to comply with the Company’s Code
      Dewan Komisaris dan Direksi bertanggung jawab dalam            of conduct. The Board of Commissioners and the Board
      memastikan kepatuhan terhadap pedoman tersebut di              of Directors are responsible for ensuring compliance with
      seluruh lingkungan perusahaan. Sementara itu, pejabat          the code throughout the company. Meanwhile, structural
      struktural bertanggung jawab atas penerapan Pedoman            officials are responsible for implementing the Company’s
      Perilaku dan Etika Perusahaan di unit kerja masing-            Code of conduct in their respective work units.
      masing.

      Setiap pegawai PT Angkasa Pura Indonesia diberikan             Every employee of PT Angkasa Pura Indonesia is provided
      satu salinan Pedoman Etika Perusahaan dan diwajibkan           with a copy of the Company Code of conduct and is
      menandatangani pernyataan yang menyatakan bahwa                required to sign a statement declaring that they have



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mereka telah menerima, memahami, dan setuju untuk                        received, understood, and agreed to comply with it. This
mematuhinya. Dokumen ini dikelola oleh unit kerja                        document is managed by the work unit that handles
yang menangani perilaku dan etika perusahaan (Code                       Human Capital functions or the designated work unit.
of Conduct) atau unit kerja yang ditunjuk. Selain itu,                   In addition, the Company Code of conduct also applies
Pedoman Etika Perusahaan juga berlaku bagi penyedia                      to goods and service providers working with PT Angkasa
barang dan jasa yang bekerja sama dengan PT Angkasa                      Pura Indonesia. Signing the Integrity Pledge is one of the
Pura Indonesia. Penandatanganan Pakta Integritas                         requirements for prospective goods/service providers to
menjadi salah satu syarat bagi calon penyedia barang/                    register in the PT Angkasa Pura Indonesia Procurement
jasa untuk mendaftar dalam sistem PT Angkasa Pura                        (APPro) system.
Indonesia Procurement (APPro).




    Sosialisasi dan Penegakan Kode Etik
Dissemination and Enforcement of the Code of Conduct

Kebijakan sosialisasi dan penegakan Kode Etik di                         The policy on the dissemination and enforcement of
PT Angkasa Pura Indonesia dilaksanakan melalui                           the Code of Conduct at PT Angkasa Pura Indonesia
pendekatan yang terintegrasi. Perusahaan secara aktif                    was implemented through an integrated approach.
melakukan sosialisasi kebijakan baik secara internal                     The Company actively conducted policy dissemination
maupun eksternal melalui berbagai media dan metode                       both internally and externally through various media
yang selaras dengan program komunikasi yang                              and methods aligned with established communication
telah ditetapkan, guna meningkatkan pengetahuan,                         programs, in order to enhance the knowledge,
pemahaman, dan kesadaran seluruh Insan Perusahaan                        understanding, and awareness of all Company Personnel
terhadap pencegahan KKN, praktik anti penyuapan, serta                   regarding the prevention of KKN, anti-bribery practices,
mekanisme pelaporan pelanggaran. Upaya ini diperkuat                     and violation reporting mechanisms. These efforts
melalui penyelenggaraan pendidikan dan pelatihan yang                    were reinforced through the provision of education
mencakup pemahaman SMAP, termasuk pengenalan                             and training covering the understanding of the SMAP)
indikasi penyuapan dan prosedur pelaporan melalui                        including the identification of bribery indications and
WBS.                                                                     reporting procedures through the WBS.

Perusahaan menerapkan sanksi atas setiap pelanggaran                     The Company imposed sanctions for any violations of
Kode Etik, termasuk ketentuan terkait pengendalian                       the Code of Conduct, including provisions related to
gratifikasi dan SMAP, sesuai dengan peraturan                            gratuity control and SMAP, in accordance with applicable
disiplin yang berlaku. Sanksi tersebut diterapkan                        disciplinary regulations. Such sanctions were applied
secara proporsional berdasarkan tingkat pelanggaran.                     proportionally based on the severity of the violation. The
Perusahaan juga menyediakan mekanisme pelaporan                          Company also provided reporting mechanisms through
melalui WBS yang dapat diakses oleh pihak internal                       the WBS, accessible to both internal and external parties,
maupun eksternal, dengan proses penanganan yang                          with handling processes carried out in stages through
dilakukan secara bertahap melalui penelitian awal dan                    preliminary and further assessments to determine
lanjutan untuk menentukan tindak lanjut yang tepat.                      appropriate follow-up actions.

Selain itu, Perusahaan menerapkan uji kelayakan dalam                    In addition, the Company implemented due diligence in
proses rekrutmen, mutasi, dan promosi karyawan                           recruitment, transfer, and promotion processes to ensure
untuk memastikan kepatuhan terhadap Kode Etik,                           compliance with the Code of Conduct, and required
serta mewajibkan Direksi dan seluruh karyawan                            the Board of Directors and all employees to periodically
menandatangani Pakta Integritas secara berkala sebagai                   sign an Integrity Pact as a form of commitment to the
bentuk komitmen terhadap penerapan nilai-nilai etika                     implementation of the Company’s ethical values and
dan integritas Perusahaan.                                               integrity principles.




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        2025 Highlights      Management Report       About the Company       Management Discussion and Analysis   Corporate Governance




                                                    Tingkat dan Jenis Sanksi
                                                    Level and Types of Sanctions


            Tingkat Sanksi                                                   Jenis Sanksi
          Level of Sanctions                                              Types of Sanctions

       Disiplin Ringan             y Peringatan/teguran lisan.
       Minor Discipline              Verbal warning.
                                   y Peringatan/teguran tertulis (Surat Peringatan Pertama (I)).
                                     Written warning (First Warning Letter (I)).
                                   y Pernyataan tidak puas tertulis.
                                     Written statement of dissatisfaction.
                                   y Penundaan kenaikan gaji berkala.
                                     Postponement of periodic salary increase.

       Disiplin Sedang             y Surat Peringatan Kedua (II) dan Ketiga (III)
       Moderate Discipline           Second (II) and Third (III) Warning Letters
                                   y Penurunan/Pemotongan gaji
                                     Salary reduction/cut
                                   y Penurunan kelas jabatan
                                     Demotion

       Disiplin Berat              y Penurunan kelas jabatan
       Strict Discipline             Demotion
                                   y Pemberhentian dengan hormat tidak atas permintaan sendiri sebagai karyawan.
                                     Honourable dismissal not at the employee’s request.
                                   y Pemberhentian tidak dengan hormat sebagai karyawan.
                                     Dismissal without honour as an employee.




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Perusahaan      secara     berkelanjutan    memperkuat                   The     Company      continuously    strengthens     the
implementasi Kode Etik dan budaya tata kelola yang baik                  implementation of the Code of Conduct and a sound
melalui kegiatan sosialisasi dan internalisasi nilai-nilai               governance culture through the socialization and
etika kepada seluruh insan Perusahaan. Pada tanggal                      internalization of ethical values to all employees. On
17 September 2025, Perusahaan menyelenggarakan                           September 17, 2025, the Company conducted a Corporate
kegiatan Sosialisasi Kebijakan Tata Kelola Perusahaan                    Governance Policy Socialization titled “Building Trust
bertema “Building Trust Through Ethics, Excellence and                   Through Ethics, Excellence and Clean Governance,” held
Clean Governance” yang dilaksanakan secara daring                        online via Gmeet and organized by the Governance &
melalui Gmeet oleh Governance & Risk Management                          Risk Management Group. The session was attended
Group. Kegiatan ini diikuti oleh 402 peserta sesuai daftar               by 402 participants based on the attendance list and
hadir dan bertujuan untuk meningkatkan pemahaman                         aimed to enhance awareness and understanding of the
serta kesadaran terhadap pentingnya penerapan prinsip                    importance of applying ethical principles and excellence
etika dan tata kelola yang unggul.                                       in governance.

Selain itu, dalam rangka memperkuat komitmen individu                    In addition, to reinforce individual commitment to the
terhadap penerapan Kode Etik Perusahaan, kegiatan                        implementation of the Company’s Code of Conduct, the
tersebut juga disertai dengan Penandatanganan                            activity also included the signing of the Company’s Ethics
Pernyataan Etika Perusahaan yang diikuti oleh 98,87%                     Statement by 98.87% from the total 7,695 employees. This
dari total 7.695 karyawan perusahaan. Langkah ini                        initiative reflects the Company’s collective commitment
mencerminkan komitmen kolektif Perusahaan dalam                          to fostering a work environment that upholds integrity,
membangun budaya kerja yang berintegritas, profesional,                  professionalism, and the principles of clean and
dan berlandaskan prinsip tata kelola yang bersih dan                     sustainable governance.
berkelanjutan.




     Kebijakan Pencegahan Insider Trading
Insider Trading Prevention Policy

Dalam rangka menjaga integritas, penerapan tata                          In order to maintain integrity, uphold Good Corporate
kelola perusahaan yang baik, serta kepatuhan terhadap                    Governance, ensure compliance with applicable laws and
peraturan perundang-undangan, Perusahaan telah                           regulations, and prevent conflicts of interest, the Company
menetapkan kebijakan terkait larangan dan pencegahan                     has established a policy regarding the prohibition and
transaksi oleh pihak internal (insider trading). Kebijakan ini           prevention of insider trading. This policy also aims to
juga bertujuan untuk mencegah benturan kepentingan                       protect the interests of all stakeholders in any corporate
(conflict of interest) serta melindungi kepentingan seluruh              actions related to the trading of the Company’s securities.
pemangku kepentingan dalam setiap aksi korporasi                         The policy is stipulated in Circular Letter No. EDR.DU.70/
yang berkaitan dengan perdagangan efek Perusahaan.                       PG.03/2025 concerning the Prohibition/Prevention of
Ketentuan tersebut diatur dalam Surat Edaran Nomor                       Transactions by Internal Parties/Insiders at PT Angkasa
EDR.DU.70/PG.03/2025 mengenai Larangan/Pencegahan                        Pura Indonesia.
Transaksi oleh Pihak Internal/Orang Dalam (Insider
Trading) di PT Angkasa Pura Indonesia.




  Kebijakan Seleksi dan Peningkatan Kemampuan
Pemasok/Vendor
Policy on Vendor Selection and Capability Enhancement


Perusahaan telah memiliki kebijakan yang mengatur                        The Company has established policies governing the
proses seleksi penyedia barang dan jasa secara                           selection process of goods and service providers, as well
komprehensif. Kebijakan tersebut mencakup ketentuan                      as the comprehensive management of business partners.
mengenai persyaratan penyedia, proses prakualifikasi,                    These policies include provisions on vendor requirements,
serta evaluasi kinerja vendor.                                           prequalification processes, and vendor performance
                                                                         evaluation.




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           2025 Highlights   Management Report   About the Company          Management Discussion and Analysis   Corporate Governance




      1. Pengaturan terkait seleksi vendor tercantum dalam            1.   Vendor selection is regulated under: Board of
         Peraturan Direksi PT Angkasa Pura Indonesia No.                   Directors Regulation of PT Angkasa Pura Indonesia No.
         PD.DU.27/PL.02.03/2025 tanggal 3 Juli 2025 beserta                PD.DU.27/PL.02.03/2025 dated July 3, 2025, including
         perubahannya, khususnya pada Bagian Ketiga                        its amendments, particularly Part Three concerning
         mengenai Persyaratan Penyedia dan Prakualifikasi                  Supplier Requirements and Prequalification (Article 19).
         (Pasal 19).
      2. Kebijakan     pendukung     lainnya,  antara   lain          2. Other        supporting    policies,    including
         PD.15.02/12/2021/0097 tentang Petunjuk Pelaksanaan              PD.15.02/12/2021/0097 concerning Guidelines for
         Kegiatan Usaha Dengan Cara Organik PT Angkasa                   Conducting Business Activities Organically at PT
         Pura II (Persero).                                              Angkasa Pura II (Persero).




             Kebijakan Pemenuhan Hak-Hak Kreditur
      Policy on Fulfillment of Creditors’ Rights

      Perusahaan telah menetapkan kebijakan terkait                   The Company has established a policy on the fulfillment
      pemenuhan hak-hak kreditur sebagai bagian dari                  of creditors’ rights as part of prudent and transparent
      pengelolaan keuangan yang prudent dan transparan.               financial management. This policy is regulated under
      Kebijakan ini diatur dalam Peraturan Direksi PT Angkasa         the Board of Directors Regulation of PT Angkasa Pura
      Pura Indonesia No. PD.DK.4/OM.12/2025 tentang                   Indonesia No. PD.DK.4/OM.12/2025 concerning Financial
      Pedoman Pengelolaan Keuangan.                                   Management Guidelines.

      Ketentuan tersebut secara khusus mengatur aspek                 The regulation specifically governs investor relations
      hubungan dengan investor serta pemenuhan kewajiban              and the fulfillment of financial covenants to creditors,
      (covenant) kepada kreditur, sehingga memastikan                 ensuring that all creditors’ rights are fulfilled in a timely
      bahwa seluruh hak kreditur dipenuhi secara tepat waktu          manner and in accordance with applicable agreements.
      dan sesuai dengan perjanjian yang berlaku.




      KEBIJAKAN ANTIKORUPSI DAN
      ANTIGRATIFIKASI
      Anti-Corruption and Anti-Gratification Policy



      Sebagai bentuk komitmen manajemen PT Angkasa                    As a form of commitment from the management of PT
      Pura Indonesia dalam memastikan bahwa seluruh                   Angkasa Pura Indonesia to ensure that all employees
      karyawan mematuhi peraturan perundang-undangan                  comply with laws and regulations as well as company
      serta ketentuan perusahaan terkait korupsi dan                  provisions related to corruption and gratification, follow-
      gratifikasi, langkah tindak lanjut dilakukan guna               up measures have been taken to build a business culture
      membangun budaya bisnis yang bersih dari Korupsi,               that is free from corruption, collusion, and nepotism
      Kolusi, dan Nepotisme (KKN). Upaya ini diharapkan               (KKN). This effort is expected to increase the trust of
      dapat meningkatkan kepercayaan Pemegang Saham                   shareholders and all stakeholders. Support, prevention,
      dan seluruh pemangku kepentingan. Adapun dukungan               and control measures can be realised through:
      dan tindakan pencegahan serta pengendalian dapat
      diwujudkan melalui:
      1. Penetapan pedoman pengendalian gratifikasi dan               1.   Establishing guidelines for gratification control and a
          Unit Pengendalian Gratifikasi (UPG) di perusahaan;               Gratification Control Unit (GCU) within the company;




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  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




2. Pelaksanaan rencana kerja penerapan Program                           2. Implementing a work plan for the Gratification Control
   Pengendalian Gratifikasi (PPG);                                          Programme (GCP);
3. Pelaporan terkait perkembangan, monitoring dan                        3. Reporting on the progress, monitoring, and evaluation
   evaluasi Program Pengendalian Gratifikasi (PPG)                          of the Gratification Control Programme (GCP) to the
   kepada KPK;                                                              Corruption Eradication Commission (CEC);
4. Prosedur dan saluran mekanisme pelaporan                              4. Procedures and channels for reporting gratuities;
   gratifikasi;
5. Aktif berperan pada kegiatan-kegiatan yang                            5. Actively participating in activities that promote an
   menyuarakan budaya antikorupsi.                                          anti-corruption culture.




    Kebijakan Antikorupsi
Anti-Corruption Policy

Perusahaan telah menetapkan Peraturan Bersama                            The Company has established the Joint Regulation of
Dewan Komisaris dan Direksi No. KEP.07/DK.API/7/2025                     the Board of Commissioners and the Board of Directors
dan      PD.DU.30/PG.03/2025     mengenai       Pedoman                  No. KEP.07/DK.API/7/2025 and PD.DU.30/PG.03/2025
Pencegahan Praktik Korupsi, Kolusi, dan Nepotisme                        concerning the Guidelines for the Prevention of Corruption,
(KKN) di PT Angkasa Pura Indonesia. Peraturan terbaru                    Collusion, and Nepotism (KKN) Practices at PT Angkasa
ini secara resmi mencabut Keputusan Bersama No.                          Pura Indonesia. This latest regulation formally revoked the
KEP.DU.27/OM.15.08/2021 dan KEP.02/DK.AP.I/2021 yang                     previous Joint Decree No. KEP.DU.27/OM.15.08/2021 and
sebelumnya mengatur tentang Pedoman Pengendalian                         KEP.02/DK.AP.I/2021, which had previously governed the
Gratifikasi. Pedoman terintegrasi ini mencakup tiga                      Gratification Control Guideline. This integrated guideline
pilar utama kebijakan perusahaan, yaitu Pengendalian                     encompassed three main pillars of the Company’s policies,
Gratifikasi, Sistem Manajemen Anti Penyuapan (SMAP)                      namely Gratification Control, the Anti-Bribery Management
sesuai standar SNI ISO 37001:2016, serta Sistem Pelaporan                System (SMAP) in accordance with SNI ISO 37001:2016, and
Pelanggaran atau Whistleblowing System (WBS). Dengan                     the Violation Reporting System or Whistleblowing System
adanya pedoman tersebut, diharapkan perusahaan akan                      (WBS). With these guidelines in place, it is hoped that the
senantiasa aman dari tindak korupsi dan kecurangan                       company will remain free from corruption and fraud.
(fraud).




  Penetapan Pedoman Pengendalian Gratifikasi dan Unit
Pengendalian Gratifikasi Perusahaan
Establishment of Guidelines for Gratuity Control and the Company’s Gratuity
Control Unit


Ruang lingkup Pedoman Pengendalian Gratifikasi                           The scope of the Gratification Control Guideline included
meliputi prinsip dasar gratifikasi, kategori penerimaan                  the fundamental principles of gratification, categories
dan pemberian gratifikasi, batasan nilai yang berlaku,                   of receiving and giving gratification, applicable value
hingga mekanisme pelaporan dugaan pelanggaran                            thresholds, as well as mechanisms for reporting alleged
secara rahasia dan anonim guna mewujudkan budaya                         violations confidentially and anonymously to foster a
kerja yang transparan dan akuntabel bagi seluruh                         transparent and accountable work culture among all
Insan Perusahaan. Dalam pelaksanaannya, Perusahaan                       Company personnel. In its implementation, the Company
tetap menugaskan Unit Pengendalian Gratifikasi (UPG)                     continued to assign the Gratification Control Unit (UPG)
sebagai unit kerja yang bertanggung jawab mengelola,                     as the responsible unit for managing, monitoring, and
memantau, dan melaporkan kegiatan pengendalian                           reporting gratification control activities within the
gratifikasi di lingkungan Perusahaan.                                    Company.

Selain itu, dibentuk pula Perwakilan UPG di tingkat                      In addition, UPG Representatives were also established at
Kantor Regional yang berfungsi sebagai kepanjangan                       the Regional Office level, serving as an extension of the
tangan UPG untuk memastikan implementasi kebijakan                       UPG to ensure policy implementation at Branch Offices
di Kantor Cabang dan Proyek. Melalui pedoman ini, PT                     and Projects. Through these guidelines, PT Angkasa
Angkasa Pura Indonesia juga menegaskan komitmen                          Pura Indonesia also reinforced its “4 No’s” commitment,



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           Ikhtisar 2025     Laporan Manajemen      Tentang Perusahaan        Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
           2025 Highlights   Management Report      About the Company         Management Discussion and Analysis   Corporate Governance




      “4 No’s” yang meliputi penolakan terhadap suap (No                 which included rejecting bribery (No Bribery), unofficial
      Bribery), komisi tidak resmi (No Kickback), hadiah yang            commissions (No Kickback), prohibited gifts (No Gift), and
      dilarang (No Gift), serta penyambutan yang berlebihan              excessive hospitality (No Luxurious Hospitality) in all day-
      (No Luxurious Hospitality) dalam setiap aktivitas bisnis           to-day business activities.
      sehari-hari.




            Unit Pengendalian Gratifikasi (UPG)                          Gratification Control Unit
            PT Angkasa Pura Indonesia                                    PT Angkasa Pura Indonesia

            InJourney Airports Center (IAC)                              InJourney Airports Center (IAC)
            Bandara Internasional Soekarno-Hatta Tangerang,              Soekarno-Hatta International Airport Tangerang,
            Jl. M2, Tangerang, 15126                                     Jl. M2, Tangerang, 15126
            Nomor Telepon: 0811 1787 975                                 Telephone: 0811 1787 975
            Email: no.gratifikasi@injourneyairports.id                   Email: no.gratifikasi@injourneyairports.id




        Pelaksanaan Rencana Kerja Penerapan Program
      Pengendalian Gratifikasi (PPG)
      Implementation of the Work Plan for the Implementation of the Gratification
      Control Programme (GCP)


      1. Diseminasi Gratifikasi, berupa diseminasi internal              1. Gratification dissemination, in the form of internal
         dan diseminasi eksternal:                                          and external dissemination:
         a. Menyebarkan atau mendiseminasikan pesan anti                    a. Spreading or disseminating anti-gratification
             gratifikasi. Adapun materi terkait gratifikasi dapat               messages. Materials related to gratification may
             menggunakan referensi dari KPK atau dapat                          use references from the KPK or may be initiated
             diinisiasi sendiri;                                                independently;
         b. Melaksanakan          sosialisasi  gratifikasi   atau           b. Conducting gratification socialisation or technical
             bimbingan teknis gratifikasi secara mandiri oleh                   guidance on gratification independently by the
             UPG kepada pihak internal (seluruh pegawai/                        GCU to internal parties (all employees/officials)
             pejabat) di lingkungan instansi maupun pihak                       within the agency and external parties (business
             eksternal (mitra kerja/vendor/pengguna layanan/                    partners/vendors/service users/the public, etc.);
             masyarakat, dan lain-lain);                                    c. Encouraged and facilitated employees within
         c. Mengikuti       serta    mendorong      pegawai     di              the Company to participate in training and
             Perusahaan untuk mengikuti pelatihan dan                           certification under the Anti-Corruption Counselor
             sertifikasi Skema Penyuluh Antikorupsi Pertama                     Scheme (Basic Level) through the training pathway
             Jalur Diklat oleh KPK RI.                                          organized by KPK RI.
      2. Identifikasi Risiko/Titik Rawan Gratifikasi dan                 2. Identification of Gratification Risks/Vulnerable
         Mitigasi Risiko                                                    Points and Risk Mitigation
         a. Mengidentifikasi titik rawan gratifikasi dan/                   a. Identify areas that are prone to gratification and/
             atau memahami risiko terjadinya gratifikasi                        or understand the risks of gratification occurring
             pada aktivitas/kewenangan/core business yang                       in core activities/authorities/businesses, taking
             mempertimbangkan faktor internal maupun                            into account internal and external factors within
             faktor eksternal pada Perusahaan;                                  the Company;
         b. Melakukan mitigasi risiko atas hasil pemetaan/                  b. Mitigate risks based on the results of mapping/
             identifikasi titik rawan gratifikasi yang ada pada                 identifying areas prone to gratification within
             Perusahaan dan melampirkan bukti pendukung                         the Company and attach supporting evidence of
             upaya perbaikan/tindak lanjut.                                     improvement efforts/follow-up actions.
      3. Inovasi                                                         3. Innovation
         Melakukan inovasi terkait pengendalian gratifikasi di              Implementing innovations related to gratification
         instansi yang memperhatikan identifikasi masalah,                  control in agencies that pay attention to problem
         kebaruan/nilai tambah, strategi keberlanjutan,                     identification, novelty/added value, sustainability
         dampak dan keterlibatan pemangku kepentingan.                      strategies, impact, and stakeholder involvement.



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  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




4. Penanganan Pelaporan Gratifikasi                                      4. Handling of Gratuity Reports
   a. Ada/tidaknya penyampaian laporan penerimaan                           a. Whether or not reports on the receipt and/or
      dan/atau penolakan objek gratifikasi yang                                rejection of gratuities have been submitted to the
      disampaikan ke UPG/KPK pada tahun berjalan;                              GCU/CEC during the current year;
   b. Ketepatan waktu penyampaian laporan gratifikasi                       b. Timeliness of the submission of gratuity reports
      (maksimal 30 hari kerja sejak tanggal penerimaan                         (maximum 30 working days from the date of
      gratifikasi) ke KPK.                                                     receipt of the gratuity) to the KPK.




    Laporan Penerimaan dan Penolakan
Report on Acceptance and Rejection of Gratuities Gratifikasi

Sepanjang tahun 2025, perusahaan telah menangani 15                      Throughout 2025, the company handled 15 (fifteen)
(lima belas) laporan terkait penerimaan gratifikasi, yang                reports related to gratuities, all of which were processed
seluruhnya telah diproses tanpa adanya kasus penolakan                   without any cases of gratuity refusal. The company
gratifikasi. Perusahaan tetap berkomitmen untuk                          remains committed to creating a work environment
menciptakan lingkungan kerja yang bebas dari praktik                     that is free from corruption, collusion, nepotism, and
korupsi, kolusi, nepotisme, dan gratifikasi.                             gratuities.




  Pelaporan Terkait Perkembangan, Monitoring Dan
Evaluasi Program Pengendalian Gratifikasi (PPG) Kepada
KPK
Reporting On The Progress, Monitoring And Evaluation Of The Gratification
Control Programme (GCP) To The KPK

Sesuai Surat Deputi Bidang Pencegahan dan Monitoring                     In accordance with the Letter of the Deputy for Prevention
KPK RI No. B/2841/GTF.03/13/04/2025 tanggal 30 April                     and Monitoring of KPK RI No. B/2841/GTF.03/13/04/2025
2025 perihal Pedoman Monitoring dan Evaluasi Program                     dated April 30, 2025, regarding the Guidelines for
Pengendalian Gratifikasi Tahun 2025 bagi Kementerian/                    Monitoring and Evaluation of the Gratification Control
Lembaga/BUMN/D yang mengarahkan setiap UPG agar                          Program for 2025 for Ministries/Agencies/State-Owned
melakukan pelaporan sesuai dengan format dan jangka                      and Regionally-Owned Enterprises, which directed
waktu pelaporan yang telah ditentukan oleh KPK pada                      each Gratification Control Unit (UPG) to submit reports
tahun 2025.                                                              in accordance with the format and reporting timeline
                                                                         stipulated by KPK for 2025.




    Prosedur dan Saluran Mekanisme Pelaporan Gratifikasi
Procedures and Channels For Reporting Gratuities

UPG memiliki wewenang untuk menerima laporan                             The UPG was authorized to receive reports of gratuities
gratifikasi yang dianggap suap dari Insan Perusahaan                     deemed as bribery from Company Personnel and to
dan menyampaikannya kepada Komisi Pemberantasan                          submit them to the Corruption Eradication Commission
Korupsi (KPK). Adapun sarana pelaporan elektronik yang                   (KPK). The electronic reporting channels provided by
disediakan KPK kepada pelapor adalah melalui situs web                   the KPK to reporters included the Gratification Online
Gratifikasi Online (GOL), surat elektronik, atau aplikasi                (GOL) website, electronic mail, or the Gratification Online
Gratifikasi Online yang tersedia di perangkat seluler.                   application available on mobile devices.




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        2025 Highlights        Management Report          About the Company             Management Discussion and Analysis                 Corporate Governance




                                          Mekanisme Penanganan Pelaporan Gratifikasi
                                              Mechanism for Handling Gratification Reports




                                                     1
                                                                                                            Disampaikan Melalui
                                                                                                             Conveyed Through

                  Penerima
                  Gratifikasi (Pelapor)             Mengisi Formulir
                  Gratification                      Fill Out Form                          Langsung Diserahkan        Email     Whatsapp         Surat
                  Recipient (Reporter)                                                       Directly Submitted        Email     WhatsApp         Letter




                                                                2a                     Disampaikan melalui UPG (7 hari
                                                                                        kerja sejak gratifikasi diterima)
                                                                                   Conveyed through UPG (7 working days
                                                                                      since gratification was received)




                                   4
                                SK Penetapan Gratifikasi SK

                                                                                      2b
                                diserahkan ke Pelapor (7 hari
                                kerja setelah ditetapkan)
                                                                                                        Disampaikan melalui KPK (30 hari
                                4. Gratification Determination Decree
                                                                                                         kerja sejak gratifikasi diterima)
                                (SK) SK is submitted to the Reporter (7
                                working days after being determined)                                 2b. Conveyed through KPK (30 working
                                                                                                      days since gratification was received)




                                  5                                         Proses Penetapan Status Gratifikasi (30 Hari Kerja)
                                                                     Gratification Status Determination Process (30 Working Days)



                                                          UNIT PENGENDALIAN
                                                            GRATIFIKASI (UPG)                                     Hasil Analisis atas
                                                         GRATIFICATION CONTROL                                    Rekapitulasi Laporan & Reviu
               Gratifikasi Milik Negara                        UNIT (UPG)
               (diserahkan 7 hari kerja                                                                           Analysis Results on Report
                sejak SK Ditetapkan)                                                                              & Review Recapitulation
                                                             Verifikasi Kelengkapan
                    State-Owned                              Verification of Completeness
              Gratification (submitted                                                                            Rekapitulasi Laporan
               7 working days after                                                                               dan Reviu (14 HK)
                 SK is Determined)                           Reviu Dokumen
                                                             Document Review                                      Report and Review
                                                                                                                  Recapitulation (14 WD)



                                  6
                  KPKNL Kemenkeu
                                                                                  3
                  State Assets and
               Auction Service Office,
                 Ministry of Finance                                                 KPK (Corruption Eradication Commission)
                (KPKNL Kemenkeu)




                                                                                   Verifikasi         Analisis dan         Permintaan Data
                                                                                 Kelengkapan        Penetapan Status       dan Keterangan
                Rekening Kas Negara                                             Verification of    Analysis and Status     Request for Data
               State Treasury Account                                           Completeness         Determination         and Information




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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




 Aktif Berperan Pada Kegiatan-Kegiatan Yang
Menyuarakan Budaya Antikorupsi
Actively Participating In Activities That Promote Anti-Corruption Culture

Perusahaan secara konsisten memperkuat implementasi                      The     Company      consistently    strengthens    the
budaya integritas dan pencegahan korupsi melalui                         implementation of an integrity-driven culture and
penyelenggaraan berbagai program pelatihan yang                          corruption prevention through structured and continuous
terstruktur dan berkelanjutan. Pada tanggal 22                           training programs. On September 22, 2025, the Company
September 2025, Perusahaan menyelenggarakan In-                          conducted an In-House Training on SNI ISO 37001:2025
House Training SNI ISO 37001:2025 Sistem Manajemen                       Anti-Bribery Management System (ABMS), held online
Anti Penyuapan (SMAP) yang dilaksanakan secara daring                    and attended by 41 participants. This program aimed to
dan diikuti oleh 41 peserta. Kegiatan ini bertujuan untuk                enhance employees’ understanding and competencies
meningkatkan pemahaman serta kompetensi insan                            in implementing international standards related to anti-
Perusahaan dalam menerapkan standar internasional                        bribery management systems, thereby supporting the
terkait sistem manajemen anti-penyuapan, sehingga                        reinforcement of good corporate governance practices.
mampu mendukung penguatan tata kelola perusahaan
yang baik.

Selain itu, Perusahaan juga berpartisipasi dalam                         In addition, the Company participated in the Anti-
Pelatihan Calon Penyuluh Antikorupsi (Pelopor) yang                      Corruption Extension Candidate Training (Pelopor),
diselenggarakan pada tanggal 17 November, 20–21                          conducted on November 17, November 20–21, and
November, serta 24–28 November 2025 di Jakarta Pusat                     November 24–28, 2025, in Central Jakarta, involving
dengan jumlah peserta sebanyak 15 orang. Pelatihan ini                   15 participants. This training focused on developing
difokuskan pada pengembangan kapabilitas individu                        individual capabilities as change agents in promoting
sebagai agen perubahan dalam menyosialisasikan nilai-                    anti-corruption values within the workplace. Through
nilai antikorupsi di lingkungan kerja. Melalui berbagai                  these initiatives, the Company reaffirms its commitment
inisiatif tersebut, Perusahaan menegaskan komitmennya                    to fostering a transparent, accountable, and corruption-
dalam membangun lingkungan kerja yang transparan,                        free working environment.
akuntabel, dan bebas dari praktik korupsi.




    Sistem Manajemen Anti Penyuapan
Anti-Bribery Management System

Sebagai bagian dari upaya perusahaan dalam                               As part of the company’s efforts to build an anti-bribery
membangun budaya anti suap, mengurangi risiko                            culture, reduce the risk of bribery that could harm the
penyuapan yang dapat merugikan Perusahaan dan                            Company and stakeholders in the short and long term,
pemangku kepentingan dalam jangka pendek maupun                          and support the government’s programme in preventing
panjang, serta mendukung program pemerintah dalam                        bribery in State-Owned Enterprises, the Company is
pencegahan tindak pidana suap di lingkungan Badan                        committed to consistently implementing an Anti-Bribery
Usaha Milik Negara, Perusahaan berkomitmen untuk                         Management System (ABMS) on an ongoing basis. Such
secara konsisten menerapkan Sistem Manajemen Anti                        commitment is based on the SNI ISO 37001:2016 on Anti-
Penyuapan (SMAP) secara berkelanjutan. Komitmen                          Bribery Management Systems (ABMS), which outlines
ini didasarkan pada SNI ISO 37001:2016 tentang Sistem                    the requirements and guidelines to assist companies in
Manajemen Anti Penyuapan (SMAP), yang menguraikan                        preventing, detecting, and addressing bribery practices.
persyaratan serta panduan untuk membantu perusahaan
dalam mencegah, mendeteksi, dan menangani praktik
penyuapan.

Sejak 2020, PT Angkasa Pura Indonesia terus menjunjung                   Since 2020, PT Angkasa Pura Indonesia has consistently
tinggi nilai integritas serta berpegang teguh pada                       upheld the value of integrity and adhered to the
pedoman Tata Kelola Perusahaan (Code of Corporate                        guidelines of the Corporate Governance Code, the Board
Governance), pedoman Tata Laksana Kerja Direksi dan                      Manual for Directors and Commissioners, and the 4 NO’s
Dewan Komisaris (Board Manual), serta prinsip 4 NO’s,                    principles, which are:
yaitu:




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           Ikhtisar 2025     Laporan Manajemen   Tentang Perusahaan         Diskusi dan Analisis Manajemen         Tata Kelola Perusahaan
           2025 Highlights   Management Report   About the Company          Management Discussion and Analysis     Corporate Governance




      1. No Bribery (tidak boleh ada suap-menyuap dan                 1.   No Bribery (no bribery or extortion);
         pemerasan);
      2. No Kickback (tidak boleh ada komisi, tanda terima            2. No Kickback (no commissions or gratuities in any
         kasih baik dalam bentuk uang dan dalam bentuk                   form, whether monetary or otherwise);
         lainnya);
      3. No Gift (tidak boleh ada hadiah atau gratifikasi yang        3. No Gifts (no gifts or gratuities that are contrary to
         bertentangan dengan peraturan dan ketentuan yang                applicable rules and regulations);
         berlaku);
      4. No Luxurious Hospitality (tidak boleh ada                    4. No Luxurious Hospitality (no excessive hospitality or
         penyambutan dan jamuan yang berlebihan).                        entertainment).

      Ruang lingkup Tim SMAP mencakup delapan unit kerja              The scope of the SMAP Team covered eight work units
      yang membidangi fungsi implementasi, yaitu fungsi               responsible for implementation functions, namely
      Procurement, Human Capital Management, Learning &               Procurement, Human Capital Management, Learning &
      Development, Corporate Finance, Financial Controller            Development, Corporate Finance, Financial Controller
      and Reporting, Internal Audit, Governance & Risk                and Reporting, Internal Audit, Governance & Risk
      Management, serta Legal and Compliance, serta satu              Management, and Legal and Compliance, as well as one
      fungsi pendukung, yaitu Corporate Secretary. Selain             supporting function, namely the Corporate Secretary.
      itu, PT Angkasa Pura Indonesia juga telah menetapkan            In addition, PT Angkasa Pura Indonesia also established
      pedoman Sistem Manajemen Anti Penyuapan di                      guidelines for the Anti-Bribery Management System
      lingkungan perusahaan melalui Keputusan Direksi PT              within the Company through the Board of Directors
      Angkasa Pura Indonesia Nomor KEP.DU.319/PG.03/2025              Decree No. KEP.DU.319/PG.03/2025 concerning the
      tentang Penetapan Ruang Lingkup dan Pembentukan                 Determination of Scope and the Establishment of the
      Tim Sistem Manajemen Anti Penyuapan (SMAP) PT                   Anti-Bribery Management System (SMAP) Team of PT
      Angkasa Pura Indonesia yang diterbitkan pada 6 Agustus          Angkasa Pura Indonesia, which was issued on August 6,
      2025.                                                           2025.

      Sejak tahun 2020, PT Angkasa Pura Indonesia secara              Since 2020, PT Angkasa Pura Indonesia has consistently
      konsisten menerapkan SMAP sesuai dengan tujuan                  implemented the Anti-Bribery Management System
      dan rencana yang telah ditetapkan, termasuk program             (ABMS) in accordance with the established objectives and
      komunikasi dan pelatihan ISO 37001:2016 SMAP. Pada              plans, including communication and training programs
      tahun 2025, In-House Training (IHT) ISO 37001:2025              for ISO 37001:2016 ABMS. In 2025, the In-House Training
      Sistem Manajemen Anti Penyuapan (SMAP) pada PT                  (IHT) for ISO 37001:2025 Anti-Bribery Management System
      Angkasa Pura Indonesia (InJourney Airports) telah               (SMAP) at PT Angkasa Pura Indonesia (InJourney Airports)
      berhasil diselenggarakan secara daring pada tanggal             was successfully conducted online on September 22,
      22 September 2025 dengan melibatkan 41 peserta dari             2025, involving 41 participants from various business
      berbagai lini proses bisnis.                                    process lines.

      Program yang difasilitasi oleh PT Mitra Juang Mandiri           Facilitated by PT Mitra Juang Mandiri (SustaIN), the
      (SustaIN) ini menunjukkan hasil yang signifikan dalam           program demonstrated a significant increase in
      peningkatan kompetensi peserta, di mana nilai rata-rata         participant competence, with the average understanding
      pemahaman meningkat sebesar 25,5%, dari skor pre-test           score rising by 25.5%, from a pre-test score of 54% to
      54% menjadi 79,5% pada saat post-test. Selain pemaparan         79.5% in the post-test. Beyond the presentation of
      materi mengenai prinsip dan kerangka kerja SMAP,                SMAP principles and frameworks, the training produced
      pelatihan ini menghasilkan output strategis berupa              strategic outputs including Bribery Risk Assessment (BRA)
      dokumen pemetaan Bribery Risk Assessment (BRA) dan              mapping documents and case study analyses developed
      analisis studi kasus yang disusun oleh 6 kelompok kerja.        by six working groups. These achievements are expected
      Pencapaian ini diharapkan dapat memperkuat langkah              to strengthen bribery risk mitigation efforts and support
      mitigasi risiko penyuapan serta membantu kesiapan               the company’s readiness for future SMAP certification or
      perusahaan dalam menghadapi proses audit sertifikasi            surveillance audit processes.
      atau surveillance SMAP di masa mendatang.




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LAPORAN HARTA KEKAYAAN
PENYELENGGARA NEGARA (LHKPN)
STATE OFFICIALS’ WEALTH REPORTS (LHKPN)



Sebagai wujud komitmen terhadap penerapan tata kelola                    As part of its commitment to implementing Good
perusahaan yang baik (Good Corporate Governance/                         Corporate Governance (GCG), the Company consistently
GCG), Perusahaan secara konsisten melaksanakan                           fulfills the obligation to submit State Officials’ Wealth
kewajiban     pelaporan      Laporan    Harta   Kekayaan                 Reports (LHKPN) for all officials categorized as reporting
Penyelenggara Negara (LHKPN) bagi seluruh pejabat                        parties. The implementation of LHKPN reporting
yang termasuk dalam kategori wajib lapor. Pelaksanaan                    constitutes an integral part of the Company’s efforts to
pelaporan LHKPN ini merupakan bagian integral dari                       strengthen transparency, accountability, and integrity in
upaya Perusahaan dalam memperkuat transparansi,                          its overall management.
akuntabilitas, serta integritas pengelolaan Perusahaan.

Dasar hukum internal yang mengatur pelaksanaan                           The internal legal basis governing the implementation of
pelaporan LHKPN di Perusahaan pada tahun buku 2025                       LHKPN reporting in the Company for the 2025 fiscal year
mengacu pada Peraturan Direksi PT Angkasa Pura                           refers to the Board of Directors Regulation of PT Angkasa
Indonesia Nomor PD.DU.0008/I/2025 tanggal 2 Januari                      Pura Indonesia Number PD.DU.0008/I/2025 dated January
2025 tentang Pedoman Pengisian dan Penyampaian                           2, 2025, concerning Guidelines for the Completion and
Laporan Harta Kekayaan Penyelenggara Negara (LHKPN)                      Submission of State Officials’ Wealth Reports (LHKPN) at
di PT Angkasa Pura Indonesia. Peraturan ini menjadi acuan                PT Angkasa Pura Indonesia. This regulation serves as the
utama dalam memastikan keseragaman, ketertiban, dan                      primary reference to ensure consistency, orderliness, and
kepatuhan dalam proses pelaporan LHKPN di seluruh                        compliance in the LHKPN reporting process across the
lingkungan Perusahaan.                                                   Company.

Perusahaan menetapkan kriteria wajib lapor LHKPN yang                    The Company has established criteria for LHKPN
mencakup pejabat dengan tingkat jabatan strategis,                       reporting parties, which include officials holding strategic
yaitu Dewan Komisaris, Direksi, serta pejabat satu tingkat               positions, namely the Board of Commissioners, the Board
di bawah Direksi. Selain itu, kewajiban pelaporan juga                   of Directors, and officials one level below the Board of
berlaku bagi karyawan Perusahaan yang diperbantukan                      Directors. In addition, the reporting obligation also applies
atau ditugaskan untuk menduduki jabatan satu                             to employees assigned or seconded to positions one
tingkat di bawah Direksi pada entitas lain tempat                        level below the Board of Directors in other entities where
yang bersangkutan ditugaskan. Penetapan kriteria ini                     they are placed. These criteria are determined to ensure
dilakukan untuk memastikan bahwa seluruh pejabat                         that all officials with significant roles in decision-making
yang memiliki peran signifikan dalam pengambilan                         and corporate management carry out their reporting
keputusan dan pengelolaan Perusahaan menjalankan                         obligations in a transparent and accountable manner.
kewajiban pelaporan secara transparan dan akuntabel.

Dalam rangka mendukung kelancaran pelaksanaan                            To support the effective implementation of LHKPN
pelaporan LHKPN, Perusahaan secara aktif melakukan                       reporting, the Company actively conducts socialization
sosialisasi serta memberikan panduan teknis kepada                       programs and provides technical guidance to all reporting
seluruh wajib lapor. Kegiatan sosialisasi dan penyusunan                 parties. These initiatives are carried out in accordance with
panduan pelaporan dilaksanakan berdasarkan Peraturan                     the same Board of Directors Regulation, thereby ensuring
Direksi yang sama, sehingga memberikan keseragaman                       a uniform understanding and minimizing potential errors
pemahaman serta meminimalkan potensi kesalahan                           in the completion and submission of reports.
dalam pengisian dan penyampaian laporan.

Pada akhir tahun buku 2025, jumlah pejabat yang                          As of the end of the 2025 fiscal year, the total number
termasuk dalam kategori wajib lapor LHKPN tercatat                       of officials categorized as LHKPN reporting parties was
sebanyak 158 orang. Seluruh wajib lapor tersebut telah                   158 individuals. All reporting parties have fulfilled their
memenuhi kewajiban pelaporan, sehingga jumlah pelapor                    reporting obligations, resulting in a total of 158 submitted
LHKPN juga mencapai 158 orang. Dengan demikian,                          reports. Accordingly, the Company achieved a 100%
tingkat kepatuhan pelaporan LHKPN di Perusahaan                          compliance rate in LHKPN reporting, reflecting its strong
mencapai 100%, yang mencerminkan komitmen kuat                           commitment to upholding transparency and integrity in
Perusahaan dalam menjunjung tinggi prinsip transparansi                  corporate governance.
dan integritas dalam pengelolaan organisasi.


                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report      409
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           2025 Highlights   Management Report   About the Company          Management Discussion and Analysis        Corporate Governance




      SISTEM PELAPORAN PELANGGARAN (WBS)
      WHISTLEBLOWING SYSTEM (WBS)



      PT Angkasa Pura Indonesia menerapkan Sistem Pelaporan           PT Angkasa Pura Indonesia has implemented a
      Pelanggaran (Whistleblowing System/ WBS) yang diatur            Whistleblowing System (WBS), which is governed under
      dalam Peraturan Bersama Dewan Komisaris dan Direksi             the Joint Regulation of the Board of Commissioners and the
      PT Angkasa Pura Indonesia No. Kep.07/Dk.Api/7/2025 dan          Board of Directors of PT Angkasa Pura Indonesia No. Kep.07/
      No. Pd.Du.30/Pg.03/2025 tentang Pedoman Pencegahan              DK.API/7/2025 and No. PD.DU.30/PG.03/2025 concerning the
      Praktik Korupsi, Kolusi, dan Nepotisme. Sosialisasi             Guidelines for the Prevention of Corruption, Collusion, and
      WBS dilakukan melalui video infografis dengan tujuan            Nepotism Practices. The WBS dissemination was carried out
      untuk menimbulkan kesadaran insan PT Angkasa Pura               through infographic videos, with the aim of raising awareness
      Indonesia untuk mencegah tindak kecurangan dalam                among employees of PT Angkasa Pura Indonesia to prevent
      Perusahaan.                                                     fraudulent activities within the Company.

      Tujuan penerapan WBS adalah sebagai berikut:                    The objectives of implementing the WBS are as follows:

      1.   Menciptakan iklim kerja yang kondusif dan menjadi          1.   Creating a conducive working environment and
           sarana bagi pemangku kepentingan (stakeholders)                 serving as a platform for stakeholders and employees
           serta Insan PT Angkasa Pura Indonesia untuk                     of PT Angkasa Pura Indonesia to report matters
           melaporkan hal-hal yang dapat menimbulkan                       that may cause financial or non-financial losses to
           kerugian perusahaan, baik finansial maupun                      the company, which could damage the image and
           non finansial, yang dapat merusak citra dan                     sustainability of PT Angkasa Pura Indonesia.
           keberlangsungan usaha PT Angkasa Pura Indonesia.
      2.   Tersedianya mekanisme deteksi dini (early warning          2. The availability of an early warning system to detect
           system) atas kemungkinan terjadinya masalah akibat            potential issues arising from violations.
           suatu pelanggaran.
      3.   Sebagai upaya dalam pengungkapan pelanggaran di            3. As an effort to disclose violations at PT Angkasa Pura
           PT Angkasa Pura Indonesia yang tidak sesuai dengan            Indonesia that are not in accordance with ethical and
           standar etika dan hukum.                                      legal standards.
      4.   Meningkatkan      kepedulian    (awareness)   insan        4. Increasing awareness among PT Angkasa Pura
           PT Angkasa Pura Indonesia untuk mencegah                      Indonesia employees to prevent fraud, legal violations,
           tindak kecurangan (fraud), pelanggaran hukum,                 ethical violations, and other violations.
           pelanggaran etika, dan pelanggaran lainnya.
      5.   Tersedianya ketentuan untuk penanganan masalah             5. The availability of provisions for handling violations
           pelanggaran secara internal, sebelum permasalahan             internally before they become public violations.
           tersebut menjadi masalah pelanggaran yang bersifat
           publik.
      6.   Mengurangi risiko yang dihadapi PT Angkasa Pura            6. Reducing the risks faced by PT Angkasa Pura
           Indonesia, akibat dari terjadinya segala bentuk               Indonesia resulting from any form of violation.
           pelanggaran.
      7.   Mewujudkan prinsip tata kelola perusahaan yang baik        7. Achieving the           principles      of   Good     Corporate
           (Good Corporate Governance).                                  Governance.



             Manfaat Sistem Pelaporan Pelanggaran
      Benefits of the Whistleblowing System

      Sistem pelaporan pelanggan di PT Angkasa Pura                   The customer reporting system at PT Angkasa Pura
      Indonesia memiliki peran krusial dalam meningkatkan             Indonesia plays a crucial role in improving the quality
      kualitas pelayanan dan operasional perusahaan. Melalui          of the company’s services and operations. Through this
      sistem ini, masukan, keluhan, serta saran dari pelanggan        system, customer feedback, complaints, and suggestions
      dapat dihimpun secara terstruktur dan terdokumentasi            can be collected in a structured and well-documented
      dengan baik, sehingga memungkinkan perusahaan                   manner, enabling the company to respond quickly,
      untuk merespons secara cepat, tepat, dan transparan.            accurately, and transparently.




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  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Berikut manfaat-manfaat dari Sistem Pelaporan                            The following are the benefits of the Customer Reporting
Pelanggan:                                                               System:
1. Tersedia cara penyampaian informasi penting dan                       1. There is a way to convey important and critical
   kritis bagi Perusahaan kepada pihak yang harus                           information from the Company to parties who must
   segera menanganinya secara aman.                                         immediately handle it safely.
2. Meningkatkan     kesadaran      untuk    melaporkan                   2. Increase awareness to report violations so that Insan
   pelanggaran     sehingga      akan     menimbulkan                       Angkasa Pura Indonesia will be reluctant to commit
   keengganan bagi Insan Angkasa Pura Indonesia                             violations.
   untuk melakukan pelanggaran.
3. Tersedia sistem deteksi dini (early warning system)                   3. There is an early warning system for possible problems
   atas kemungkinan terjadi masalah akibat suatu                            arising from a violation.
   pelanggaran.
4. Tersedia kesempatan untuk menangani masalah                           4. There is an opportunity to address violations internally
   pelanggaran secara internal terlebih dahulu, sebelum                     before they escalate into public issues affecting the
   meluas menjadi masalah pelanggaran yang bersifat                         community and other stakeholders.
   publik bagi masyarakat dan pihak lain yang terkait.
5. Mengurangi dampak berupa kerugian dan reputasi                        5. Minimising the impact of violations in terms of financial
   Perusahaan sebagai akibat dari adanya pelanggaran.                       losses and damage to the Company’s reputation.



    Cara Penyampaian Laporan Pelanggaran
Submission of Violation Reports

Perusahaan menyediakan mekanisme penyampaian                             The Company has provided a violation reporting
laporan pelanggaran melalui WBS sebagai sarana                           mechanism through the WBS as an official channel for
resmi bagi pelapor untuk mengungkapkan dugaan                            reporters to disclose alleged violations occurring within
pelanggaran yang terjadi di lingkungan Perusahaan.                       the Company’s environment. In order to expedite the
Dalam rangka mempercepat proses tindak lanjut,                           follow-up process, reporters were expected to submit
pelapor diharapkan menyampaikan laporan secara                           reports in a clear and accountable manner by providing
jelas dan dapat dipertanggungjawabkan, dengan                            sufficient preliminary information. Such information at a
melengkapi informasi awal yang memadai. Informasi                        minimum included the 4W+1H elements, namely: what
tersebut sekurang-kurangnya mencakup unsur 4W+1H,                        (the main issue or violation being reported), where (the
yaitu what (pokok permasalahan atau pelanggaran yang                     location of the incident), when (the time or period of
diadukan), where (lokasi kejadian), when (waktu atau                     occurrence), who (the parties involved), and how (the
periode kejadian), who (pihak-pihak yang terlibat), serta                chronology of events supported by relevant evidence).
how (kronologi kejadian yang dilengkapi dengan bukti
pendukung).

Selain itu, pelapor juga dapat mencantumkan estimasi                     In addition, reporters could also include an estimated
nilai kerugian yang timbul (how much). Pelapor juga                      value of the losses incurred (how much). Reporters were
diberikan keleluasaan untuk menyampaikan laporan                         given the flexibility to submit reports either by disclosing
dengan mencantumkan identitas maupun secara                              their identity or anonymously.
anonim.

Penyampaian laporan dapat dilakukan melalui berbagai                     Reports could be submitted through various official
media resmi yang telah disediakan oleh Perusahaan,                       channels provided by the Company, as follows:
yaitu:
1. Aplikasi WhatsApp atau SMS: 0811 1787 975                             1.   WhatsApp or SMS application: 0811 1787 975
2. Surel: wbs@injourneyairports.id                                       2.   Email: wbs@injourneyairports.id
3. Aplikasi WBS berbasis web: wbs.injourneyairports.id                   3.   Web-based WBS application: wbs.injourneyairports.id
4. Surat fisik yang ditujukan kepada:                                    4.   Physical mail addressed to:
    Tim Pengelola WBS                                                         WBS Management Team
    PT Angkasa Pura Indonesia                                                 PT Angkasa Pura Indonesia
    InJourney Airports Center                                                 InJourney Airports Center
    Bandar Udara Internasional Soekarno–Hatta                                 Soekarno–Hatta International Airport
    Tangerang – Banten 19120                                                  Tangerang – Banten 19120
    Indonesia                                                                 Indonesia




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report     411
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        Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




          Perlindungan bagi Pelapor Pelanggaran
      Protection for Whistleblower

      PT Angkasa Pura Indonesia memberikan jaminan                      PT Angkasa Pura Indonesia provided protection
      perlindungan kepada pelapor yang menyampaikan                     guarantees to reporters who submitted reports in good
      laporan dengan itikad baik. Perlindungan ini bertujuan            faith. This protection aimed to create a sense of security
      untuk menciptakan rasa aman dan mendorong                         and encourage active participation in safeguarding the
      partisipasi aktif dalam menjaga integritas Perusahaan.            Company’s integrity. The forms of protection provided
      Bentuk perlindungan yang diberikan meliputi:                      included:
      1. Kerahasiaan identitas pelapor beserta substansi                1. Confidentiality of the reporter’s identity as well as the
         laporan yang disampaikan.                                          substance of the report submitted.
      2. Perlindungan       dari  segala   bentuk   ancaman,            2. Protection from all forms of threats, intimidation,
         intimidasi, tindakan pembalasan, maupun perlakuan                  retaliation, or adverse administrative actions, including
         administratif yang merugikan, termasuk penurunan                   demotion or termination of employment.
         jabatan atau pemutusan hubungan kerja.
      3. Pemberian bantuan hukum sesuai ketentuan                       3. Provision of legal assistance in accordance with
         peraturan perundangan yang berlaku.                               applicable laws and regulations.
      4. Pemberian penghargaan kepada pelapor apabila                   4. Provision of rewards to reporters if the submitted
         laporan yang disampaikan terbukti benar dan                       report was proven to be valid and contributed to
         memberikan        kontribusi  dalam    penyelamatan               safeguarding the Company’s financial position or
         keuangan Perusahaan atau pencegahan kerugian.                     preventing potential losses.



          Penanganan Pengaduan
      Complaint Handling

      Setiap laporan yang diterima melalui WBS ditangani                Each report received through WBS will be handled in a
      secara sistematis, objektif, dan akuntabel melalui tahapan        systematic, objective, and accountable manner through
      sebagai berikut:                                                  the following stages:

      Penelitian Awal                                                   Preliminary Review
      Tim Pengelola WBS melakukan verifikasi awal atas laporan          The WBS Management Team will conduct an initial
      yang diterima, termasuk pemeriksaan kelengkapan data              verification of the report received, including an assessment
      dan bukti pendukung, dalam jangka waktu maksimal                  of the completeness of data and supporting evidence,
      14 (empat belas) hari kerja. Dalam hal diperlukan data            within a maximum period of 14 (fourteen) working days.
      tambahan, pelapor akan diminta untuk melengkapinya.               Where additional data was required, the whistleblower
      Apabila pelapor tidak memberikan tanggapan dalam                  would be requested to provide such information. If the
      jangka waktu yang ditentukan, laporan tidak dapat                 whistleblower did not respond within the specified
      ditindaklanjuti.                                                  timeframe, the report could not be followed up.

      Klasifikasi Laporan                                               Report Classification
      Laporan yang memenuhi persyaratan akan diklasifikasikan           Whistleblowers that meet the requirements are classified
      berdasarkan jenis pelanggaran serta kedudukan pihak               based on the type of violation and the position of the
      terlapor, seperti karyawan, Direksi, atau Dewan Komisaris.        reported party, such as employees, the Board of Directors,
                                                                        or the Board of Commissioners.
      Penelitian Lanjutan
      Tim Penanganan WBS melaksanakan pemeriksaan lebih                 Further Review
      lanjut dengan mengumpulkan bukti tambahan serta                   The WBS Handling Team will conduct further examination
      melakukan klarifikasi kepada pihak-pihak terkait, guna            by gathering additional evidence and carrying out
      memastikan validitas dan substansi laporan.                       clarifications with relevant parties to ensure the validity
                                                                        and substance of the report.

      Penyampaian Tanggapan                                             Response Delivery
      Perusahaan memberikan informasi mengenai status                   The Company provides information regarding the status
      penanganan laporan kepada pelapor yang meminta                    of report handling to whistleblowers who requested
      penjelasan. Untuk laporan yang disampaikan secara                 clarification. For reports submitted anonymously, the
      anonim, penyampaian tanggapan tidak menjadi kewajiban.            provision of a response was not mandatory.



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    Pihak yang Mengelola Pengaduan
Parties Responsible for Complaint Management

Pengelolaan pengaduan di Perusahaan dilakukan oleh                       The management of complaints within the Company is
unit-unit yang memiliki fungsi dan tanggung jawab                        carried out by units with functions and responsibilities
sesuai dengan jenis pelaporan yang disampaikan,                          aligned with the type of report submitted, whether
baik melalui mekanisme WBS maupun pengendalian                           through the Whistleblowing System (WBS) mechanism
gratifikasi. Pengelolaan WBS saat ini dilaksanakan                       or gratuity control. The WBS is managed by the WBS
oleh Tim Pengelola WBS yang bertanggung jawab                            Management Team, which is responsible for receiving,
dalam menerima, memverifikasi, mengelola, serta                          verifying, administering, and following up on violation
menindaklanjuti laporan pelanggaran sesuai dengan                        reports in accordance with applicable procedures.
prosedur yang berlaku.

Selain itu, untuk pelaporan yang berkaitan dengan                        In addition, for reports related to gratuities,
gratifikasi,   pengelolaan     dilakukan  oleh   Unit                    management is carried out by the Gratuity Control
Pengendalian Gratifikasi (UPG). Unit ini bertanggung                     Unit (Unit Pengendalian Gratifikasi/UPG). This unit is
jawab dalam mengelola pelaporan gratifikasi di                           responsible for administering gratuity reporting at the
tingkat Perusahaan, termasuk penyusunan basis data                       Company level, including the preparation of reporting
pelaporan, pemantauan tindak lanjut, pelaksanaan                         databases, monitoring follow-up actions, conducting
sosialisasi kebijakan, serta penyampaian laporan hasil                   policy dissemination, and submitting reports on
penanganan kepada Direksi, Dewan Komisaris, dan                          handling outcomes to the Board of Directors, the Board
Komisi Pemberantasan Korupsi (KPK).                                      of Commissioners, and Komisi Pemberantasan Korupsi.



    Proses Tindak Lanjut Atas Pengaduan
Follow-Up Process for Complaints

Proses tindak lanjut atas pengaduan melalui WBS                          The follow-up process for complaints submitted through
dilaksanakan secara terstruktur mulai dari penelitian awal               the WBS is carried out in a structured manner, starting
hingga koordinasi dengan pihak terkait. Tim Pengelola                    from the preliminary review to coordination with relevant
WBS melakukan verifikasi awal atas laporan paling lama                   parties. The WBS Management Team will conduct initial
14 (empat belas) hari kerja sejak laporan diterima. Dalam                verification within a maximum of 14 (fourteen) working
hal diperlukan, pelapor dapat diminta untuk melengkapi                   days from the date the report was received. Where
data tambahan yang wajib ditanggapi dalam waktu                          necessary, the whistleblower could be requested to provide
5 (lima) hari kerja; apabila tidak terdapat tanggapan                    additional data, which must be responded to within 5 (five)
setelah dilakukan konfirmasi ulang, laporan tidak dapat                  working days; if no response is received after a follow-up
ditindaklanjuti.                                                         confirmation, the report could not be further processed.

Laporan yang memenuhi persyaratan, khususnya                             Reports that meet the requirements, particularly those
yang      mengandung      unsur  4W+1H,     selanjutnya                  containing the 4W+1H elements, are subsequently
diklasifikasikan berdasarkan kategori pelanggaran dan                    classified based on the category of violation and the
kedudukan terlapor untuk dilakukan penelitian lanjutan.                  position of the reported party for further review. For
Untuk laporan dengan lingkup korupsi, mekanisme                          reports involving corruption, the handling mechanism
penanganannya terintegrasi dengan aplikasi WBS milik                     is integrated with the WBS application of the Komisi
Komisi Pemberantasan Korupsi (KPK). Perusahaan juga                      Pemberantasan Korupsi (KPK). The Company also
memberikan informasi mengenai status penyelesaian                        provided information regarding the report resolution
laporan kepada pelapor yang mencantumkan identitas,                      status to whistleblowers who disclosed their identity,
sementara laporan anonim tidak wajib diberikan                           while anonymous reports are not required to receive a
tanggapan.                                                               response.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report    413
Page 414
        Ikhtisar 2025           Laporan Manajemen           Tentang Perusahaan         Diskusi dan Analisis Manajemen          Tata Kelola Perusahaan
        2025 Highlights         Management Report           About the Company          Management Discussion and Analysis      Corporate Governance




      Flowchart Proses
                                                                                                                      < 3 hari kerja tidak ada tanggapan
      Kegiatan Penelitian                                                                                                < 3 working days no response
      Awal dan Penelitian
      Lanjutan                                                                          Menanggapi
                                                       Permintaan data                  Responding
      Flowchart of Initial                          dukung kepada Pelapor
                                                     Request for supporting
      Review and Further                                 data from the
                                                                                                                              Operasional Bandara
                                                                                                                               Airport Operations
      Investigation Process                             Whistleblower




                                                                                                                               Tidak memenuhi
                                                                                                                                 syarat (4W1H)
                                                      Pelapor melaporkan                        Tim Pengelola                  dan/atau Lingkup
                                                      dugaan pelanggaran                       WBS melakukan                       Pelaporan
                                                      Whistleblower reports                        verifikasi                    Does not meet
                                                        alleged violations                     WBS Management                    requirements
                                                                                                Team performs                    (4W1H) and/or
                                                                                                  verification                  Reporting Scope

                                                                                                  14 hari kerja
                                                                                                14 working days)               Memenuhi syarat
                                                                                                                              Meets requirements




          Karyawan Perbantuan                  Karyawan                   Tenaga Kerja di
               (Perusahaan                 (selain karyawan                                                                        Tim Penanganan
                                                                          Luar Karyawan              Tim Pengelola WBS
                Patungan)                    Perbantuan)                                                                                WBS
                                                                            Perusahaan                WBS Management
          Seconded Employees               Employees (other                                                                         WBS Handling
                                                                          Non-Employee                     Team
              (Joint Venture                than seconded                                                                               Team
                                                                             Workforce
                Companies)                    employees)




                                                                                                                                  Tim Pengelola WBS
              BOD-1 Human                  Tim Pengelola                    BOD-1 Human                Tim Pengelola
                                                                                                                                    (IA/TP2D) tidak
                Capital                    WBS (IA/TP2D)                      Capital                  WBS (IA/TP2D)
                                                                                                                                   berstatus Terlapor
              BOD-1 Human                 WBS Management                    BOD-1 Human               WBS Management
                                                                                                                                   WBS Management
                Capital                    Team (IA/TP2D)                     Capital                  Team (IA/TP2D)
                                                                                                                                  Team (IA/TP2D) not
                                                                                                                                   as Reported Party




                                                                            Outsourcing
                                               Direksi                                                      Direksi                Direktur Terkait
                                                                           disampaikan
                                          Board of Directors                                           Board of Directors          Related Directors
                                                                        kepada Perusahaan
                                                                           Penyedia Jasa
                                                                            Outsourcing
                                                                         submitted to the
                                                                          Service Provider
              Perusahaan
          tempat karyawan             Tim Pengelola
         perbantuan (Disiplin         WBS (Disiplin
            ringan/sedang)           Berat/Kategori I)
           Company where            WBS Management
             employees are             Team (Heavy
           seconded (Light/        Discipline/Category I)
          medium discipline)




                                                            Keterangan & Catatan ӏ Information & Notes
                                                            •   DU: Direktur Utama ӏ President Director
                                                            •   DKMR: Direktur yg bertanggung jawab atas WBS ӏ Director responsible for WBS
                                                            •   TP2D: Tim Pemeriksaan Pelanggaran Disiplin ӏ Disciplinary Violation Examination Team
                                                            •   Organ Pendukung Dewan ӏ Board Supporting Organs:




414   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 415
            Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
            Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




                                                                                                                  Proses Awal
                                                                                                                   Initial Process
          Contact Center                                            Arsip
          Contact Center                                        Archive



 Tindak lanjut sesuai PM/SOP CC
Follow-up according to CC PM/SOP




            Direktur (selain                   DKMR (Direktur
                                                                             DU (Direktur                                    Organ Pendukung
             DKMR dan DU)                    yang bertanggung                                         Dewan Komisaris
                                                                               Utama)                                             Dewan
          Directors (other than               jawab atas WBS)                                            Board of
                                                                             DU (President                                   Board Supporting
           Dir. Finance & RM                  Dir. Finance & RM                                        Commissioners
                                                                               Director)                                          Organs
           and Pres. Director)              (Director responsible
                                                   for WBS)




                                                                                                          DKMR                     DKMR

         DKMR                 DU                      DU                        DKMR




                                                                                                            DU




                                   Dewan Komisaris                          Dewan Komisaris              Pemegang             Dewan Komisaris
                                      Board of                                 Board of                    Saham                 Board of
                                    Commissioners                            Commissioners              Shareholders           Commissioners



                                                                                     Membentuk                          Membentuk
                                                                                        Tim                                Tim
                                                                                     Investigasi                        Investigasi
                                                                                        Ad-hoc                             Ad-hoc
                                                                                        Forming                            Forming
                                                                                       an Ad-hoc                          an Ad-hoc
                                                                                     Investigation                      Investigation
                                                                                         Team                               Team



                                                                                                                 Penelitian Lanjutan
                                                                                                                  Further Investigation
     •   Komite Audit ӏ Audit Committee
     •   Komite Pemantau Manajemen Risiko & Tata Kelola Terintegrasi
         Risk Management & Integrated Governance Monitoring Committee
     •   Komite Nominasi & Remunerasi ӏ Nomination & Remuneration Committee




                                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   415
Page 416
        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan       Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company        Management Discussion and Analysis    Corporate Governance




          Investigasi Atas Tindak Lanjut Laporan Pelanggan
      Investigation of Customer Report Follow-Up

      Proses investigasi atas tindak lanjut laporan melalui             The investigation process for follow-up actions on
      penelitian lanjutan dilaksanakan secara objektif,                 reports through further review is carried out objectively,
      independen, dan profesional oleh Tim Pengelola                    independently, and professionally by the WBS
      WBS atau tim khusus yang dibentuk sesuai dengan                   Management Team or a special team established in
      profil Terlapor. Pelaksanaan investigasi dilakukan oleh           accordance with the profile of the reported party. The
      karyawan yang tidak berasal dari unit kerja yang sedang           investigation is conducted by employees who do not
      diinvestigasi guna memastikan independensi dan                    originate from the unit being investigated, in order to
      menghindari benturan kepentingan.                                 ensure independence and avoid conflicts of interest.

      Penanganan investigasi dilakukan berdasarkan pihak                The handling of investigations is determined based on the
      yang dilaporkan. Untuk Terlapor dari kalangan karyawan,           party being reported. For reported parties from among
      investigasi dilaksanakan oleh Tim Pengelola WBS sesuai            employees, investigations are carried out by the WBS
      dengan kategori pelanggaran, di mana pelanggaran                  Management Team in accordance with the category of
      Kategori I ditangani oleh fungsi Internal Audit, sedangkan        violation, whereby Category I violations are handled by
      Kategori II ditangani oleh unit yang membidangi                   the Internal Audit function, while Category II violations are
      pelanggaran disiplin.                                             handled by the unit responsible for disciplinary matters.

      Dalam hal Terlapor merupakan Direksi, khususnya                   In the event that the reported party is a member of the
      Direktur Utama atau Direktur yang bertanggung                     Board of Directors, particularly the President Director
      jawab atas WBS, laporan diteruskan kepada Dewan                   or the Director responsible for the WBS, the report
      Komisaris untuk selanjutnya dibentuk tim investigasi              is forwarded to the Board of Commissioners for the
      ad-hoc. Apabila laporan melibatkan Dewan Komisaris,               establishment of an ad hoc investigation team. If the
      Direktur Utama akan menindaklanjuti sesuai dengan                 report involves the Board of Commissioners, the President
      ketentuan   peraturan    perundang-undangan     yang              Director follows up in accordance with the prevailing laws
      berlaku, khususnya apabila ditemukan indikasi tindak              and regulations, particularly where indications of criminal
      pidana. Sementara itu, untuk Terlapor yang merupakan              acts are identified. Meanwhile, for reported parties who
      tenaga kerja luar (outsourcing), laporan disampaikan              are external personnel (outsourced workers), the report is
      kepada pejabat Human Capital dan diteruskan kepada                submitted to the Human Capital officer and subsequently
      perusahaan penyedia jasa terkait untuk diproses lebih             forwarded to the relevant service provider company for
      lanjut.                                                           further processing.

      Seluruh proses investigasi beserta hasilnya dijaga                All investigation processes and their outcomes are kept
      kerahasiaannya guna melindungi identitas pelapor                  confidential to protect the identity of both the whistleblower
      maupun Terlapor selama dugaan pelanggaran belum                   and the reported party until the alleged violation is proven.
      terbukti. Dalam pelaksanaannya, Terlapor tetap diberikan          In its implementation, the reported party is granted the
      hak untuk menyampaikan penjelasan dan pembelaan                   right to provide explanations and a full defense regarding
      secara penuh atas bukti yang ditemukan. Apabila dalam             the evidence identified. Where elements of a criminal
      penelitian lanjutan teridentifikasi adanya unsur kejahatan,       offense are identified during the further review, the Board
      Direksi atau Dewan Komisaris akan menindaklanjuti                 of Directors or the Board of Commissioners follows up in
      sesuai dengan ketentuan hukum yang berlaku.                       accordance with applicable legal provisions.



          Jumlah Pengaduan yang Masuk dan Diproses
      Number of Complaints Received and Processed

      Sepanjang tahun buku 2025, Perusahaan menerima                    Throughout the 2025 fiscal year, the Company received a
      sebanyak 16 (enam belas) laporan pengaduan melalui                total of 16 (sixteen) complaints through the WBS channel.
      kanal WBS. Berdasarkan jenis lingkup pengaduan, laporan           Based on the scope of complaints, these included 3 cases
      tersebut terdiri atas penyalahgunaan fasilitas Perusahaan         of misuse of Company facilities, 1 case of intimidation, 5
      sebanyak 3 laporan, pengancaman sebanyak 1 laporan,               cases of abuse of authority for personal or group interests,
      penyalahgunaan jabatan untuk kepentingan pribadi atau             1 case related to disciplinary, ethical, and/or immoral
      golongan sebanyak 5 laporan, pelanggaran disiplin, etika,         conduct violations, 2 cases of fraud, and 4 cases of
      dan/atau perbuatan asusila sebanyak 1 laporan, penipuan           misconduct.
      sebanyak 2 laporan, serta kecurangan sebanyak 4 laporan.



416   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 417
  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Dari keseluruhan laporan tersebut, sebagian besar tidak                  Of the total complaints received, the majority did not
memenuhi persyaratan administratif dan substansi untuk                   meet the administrative and substantive requirements
ditindaklanjuti lebih lanjut, sementara 3 (tiga) laporan                 for further processing, while 3 (three) complaints were
dinyatakan memenuhi persyaratan sesuai dengan                            deemed eligible in accordance with applicable provisions.
ketentuan yang berlaku.



    Jumlah Pengaduan yang Telah Ditindaklanjuti
Number of Complaints Followed Up

Pada tahun buku 2025, Perusahaan telah menindaklanjuti                   In the 2025 fiscal year, the Company followed up on
sebanyak 3 (tiga) laporan yang memenuhi persyaratan.                     3 (three) eligible complaints. These follow-ups were
Tindak lanjut tersebut dilaksanakan oleh Tim Penanganan                  conducted by the WBS Handling Team, comprising
WBS yang terdiri dari unit kerja yang membidangi fungsi                  the unit responsible for the Internal Audit function for 2
Internal Audit sebanyak 2 (dua) laporan dan unit kerja                   (two) complaints and the unit responsible for the Human
yang membidangi fungsi Human Capital Management                          Capital Management function for 1 (one) complaint.
sebanyak 1 (satu) laporan.

Seluruh proses penanganan pengaduan dilakukan                            All complaint handling processes were carried out
secara profesional, independen, dan sesuai dengan                        in a professional and independent manner, and in
prosedur yang berlaku, guna memastikan bahwa setiap                      accordance with applicable procedures, to ensure that
laporan yang valid dapat ditindaklanjuti secara tepat                    every valid report could be followed up appropriately and
serta memberikan kontribusi dalam penguatan budaya                       contributed to strengthening the culture of compliance
kepatuhan di lingkungan Perusahaan.                                      within the Company.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   417
Page 418
        Ikhtisar 2025           Laporan Manajemen    Tentang Perusahaan       Diskusi dan Analisis Manajemen           Tata Kelola Perusahaan
        2025 Highlights         Management Report    About the Company        Management Discussion and Analysis       Corporate Governance




      PERKARA HUKUM DAN SANKSI
      ADMINISTRATIF
      LEGAL CASES AND ADMINISTRATIVE SANCTIONS


      Dalam menjalankan bisnis, Perusahaan berupaya untuk                 In conducting its business, the Company sought to avoid
      menghindari perkara hukum yang berdampak material.                  legal cases that could have a material impact. In 2025, the
      Pada tahun 2025, Perusahaan menghadapi 5 perkara                    Company faced 5 active legal cases and 1 administrative
      hukum aktif dan 1 sanksi administratif dengan status                sanction, with several cases resolved and others still
      beberapa terselesaikan dan lainnya dalam proses hukum.              undergoing legal proceedings. The Company was not
      Perusahaan juga tidak sedang menghadapi perkara                     involved in any industrial relations disputes (PHI) during
      hukum hubungan industrial (PHI) pada tahun 2025.                    2025.



          Perkara Hukum
      Legal Cases

      Selanjutnya, beberapa perkara penting yang dihadapi                 Furthermore, several important issues faced in 2025,
      pada 2025 beserta status perkara dan pengaruhnya                    along with their status and impact on the Company, are
      terhadap Perusahaan dijelaskan sebagai berikut.                     explained as follows.




                          Pokok Perkara/Gugatan                 Status Penyelesaian Perkara/Gugatan                Pengaruh terhadap
                Subject Matter of the Case/Lawsuit                 Case/Lawsuit Settlement Status                  Kondisi Perusahaan
                                                                                                                     Impact on the
                                                                                                                   Company’s Condition


      Sengketa Pajak Bumi dan Bangunan Bandar Udara Internasional Kulonprogo
      Land and Building Tax Dispute at Kulonprogo International Airport

      Sengketa pajak di Pengadilan Pajak DKI                   Menunggu Putusan Peninjauan                    Sampai dengan saat ini,
      Jakarta atas Pajak Bumi dan Bangunan                     Kembali dari Mahkamah Agung                    perkara tersebut belum
      Perdesaan dan Perkotaan (PBB-P2) YIA tahun               Awaiting the Judicial Review                   memberikan dampak
      2022 dengan Nomor Sengketa PBB YIA –                     decision from the Supreme Court                keuangan secara langsung
      014083.26/2022/PP. Pokok sengketa antara                 of the Republic of Indonesia.                  terhadap Perusahaan,
      para pihak adalah perbedaan perhitungan                                                                 sepanjang belum terdapat
      Nilai Jual Objek Pajak (NJOP) bumi antara AP                                                            putusan pengadilan
      I dan Pemerintah Daerah Kabupaten Kulon                                                                 yang berkekuatan
      Progo, dengan total perhitungan Pemerintah                                                              hukum tetap yang
      Daerah sebesar Rp28.087.679.867, sedangkan                                                              menyatakan sebaliknya
      perhitungan AP I sebesar Rp7.864.553.863.                                                               atau tidak memenangkan
      Tax dispute at the Jakarta Tax Court regarding                                                          Perusahaan.
      Rural and Urban Land and Building Tax (PBB-P2)                                                          As of the reporting date,
      for YIA in 2022 with Dispute Number PBB YIA –                                                           the case has not had a
      014083.26/2022/PP. The core dispute between the                                                         direct financial impact on
      parties relates to differences in the calculation                                                       the Company, provided
      of the land Tax Object Sales Value (NJOP)                                                               that there is no final and
      between AP I and the Regional Government                                                                binding court decision
      of Kulon Progo Regency, where the Regional                                                              stating otherwise or ruling
      Government calculated a total of Rp28,087,679,867,                                                      against the Company.
      while AP I calculated Rp7,864,553,863.




418   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 419
 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                Pokok Perkara/Gugatan                        Status Penyelesaian Perkara/Gugatan            Pengaruh terhadap
         Subject Matter of the Case/Lawsuit                     Case/Lawsuit Settlement Status              Kondisi Perusahaan
                                                                                                             Impact on the
                                                                                                           Company’s Condition


Gugatan Perdata dari CV Nusa Teknik Cemerlang
Civil Lawsuit from CV Nusa Teknik Cemerlang

Gugatan perdata dari CV Nusa Teknik Cemerlang              Menunggu Putusan Kasasi                      Sampai dengan saat ini,
di Pengadilan Negeri Maros dengan Nomor                    Mahkamah Agung RI                            perkara tersebut belum
Register Perkara No. 20/Pdt.G/2024/PN Mrs                  Awaiting the cassation decision              memberikan dampak
tanggal 27 Juni 2024, terkait pekerjaan: (1)               from the Supreme Court of                    keuangan secara langsung
pemeliharaan rutin AC central dan perbaikan                the Republic of Indonesia.                   terhadap Perusahaan,
elektro motor chiller water pump di Bandara                                                             sepanjang belum terdapat
UPG; (2) pemeliharaan, perawatan, dan                                                                   putusan pengadilan
pengoperasian peralatan tata udara di terminal,                                                         yang berkekuatan
serta pemeliharaan fasilitas gedung perkantoran,                                                        hukum tetap yang
GH, rumah dinas GM, dan sistem penyediaan air                                                           menyatakan sebaliknya
di Bandara Lombok; (3) pemeliharaan fasilitas                                                           atau tidak memenangkan
mekanikal di Bandara Sam Ratulangi Manado.                                                              Perusahaan.
Civil lawsuit filed by CV Nusa Teknik Cemerlang                                                         As of the reporting date,
at the Maros District Court with Case Register                                                          the case has not had a
No. 20/Pdt.G/2024/PN Mrs dated June 27, 2024,                                                           direct financial impact on
concerning the following works: (1) routine                                                             the Company, provided
maintenance of central AC and repair of chiller                                                         that there is no final and
water pump electro motors at UPG Airport; (2)                                                           binding court decision
maintenance, servicing, and operation of air                                                            stating otherwise or ruling
conditioning equipment at the terminal, as well                                                         against the Company.
as maintenance of office buildings, GH, GM’s
official residence, and water supply systems at
Lombok Airport; (3) maintenance of mechanical
facilities at Sam Ratulangi Airport Manado.

Gugatan PT Taurus Gemilang
Lawsuit by PT Taurus Gemilang

Pada tanggal 29 Juli 2020, PT Taurus                       Putusan Pengadilan Tinggi Banten             Melalui kesepakatan
Gemilang (“TG”) mengajukan gugatan kepada                  No. 53/PDT/2022/PT.BTN tanggal               penyelesaian, Perusahaan
Perusahaan (dahulu AP2) terkait Perjanjian                 13 April 2022 menguatkan putusan             telah menyelesaikan
Kerja Sama Pemanfaatan Fasilitas Komersial                 tingkat pertama. TG mengajukan               seluruh kewajiban dan
di Terminal 3 Ultimate Bandara Soekarno-                   kasasi pada 5 Agustus 2022, dan              potensi risiko hukum
Hatta. Berdasarkan Putusan Pengadilan                      pada 11 Mei 2023 Mahkamah Agung              terkait perjanjian tersebut,
Negeri Tangerang No. 638/PDT.G/2020PN.TNG                  mengabulkan kasasi tersebut serta            sehingga memberikan
tanggal 2 Agustus 2021, Perusahaan dinyatakan              membatalkan putusan Pengadilan               kepastian hukum dan
menang dan TG diwajibkan membayar ganti                    Tinggi Banten. Selanjutnya, pada             mengakhiri eksposur
rugi sebesar Rp58,47 miliar. TG kemudian                   25 Juli 2025 Perusahaan dan TG               sengketa yang berpotensi
mengajukan banding pada 12 Oktober 2021.                   mencapai kesepakatan penyelesaian            mempengaruhi kinerja
On July 29, 2020, PT Taurus Gemilang (“TG”)                seluruh hak dan kewajiban yang               operasional dan keuangan.
filed a lawsuit against the Company (formerly              dituangkan dalam Kesepakatan                 Through the settlement
AP2) in relation to the Commercial Facility                tertanggal 25 Juli 2025 dan Addendum         agreement, the Company
Utilization Agreement at Terminal 3 Ultimate               Kesepakatan No. B.SAC.DK.1199/               resolved all obligations
of Soekarno-Hatta International Airport. Based             KU.20/2025 tanggal 9 September 2025.         and legal risks related
on Tangerang District Court Decision No. 638/              The Banten High Court Decision No.           to the dispute, thereby
PDT.G/2020PN.TNG dated August 2, 2021, the                 53/PDT/2022/PT.BTN dated April 13,           providing legal certainty
Company was declared the winning party and                 2022 upheld the first-instance decision.     and eliminating potential
TG was ordered to pay compensation of Rp58.47              TG subsequently filed a cassation on         exposure that could have
billion. TG filed an appeal on October 12, 2021.           August 5, 2022, and on May 11, 2023, the     affected its operational
                                                           Supreme Court granted the cassation          and financial performance.
                                                           and annulled the High Court decision.
                                                           Following the final and binding
                                                           cassation ruling, on July 25, 2025, the
                                                           Company and TG reached a settlement
                                                           agreement covering all rights and
                                                           obligations under Agreement No.
                                                           PJJ.04.04/00.02/03/2017/0001 dated
                                                           March 3, 2017, including Addendum I
                                                           No. PJJ.04.04/00.02/2020/0097 dated
                                                           February 27, 2020, as formalized in
                                                           the Agreement dated July 25, 2025
                                                           and its Addendum No. B.SAC.DK.1199/
                                                           KU.20/2025 dated September 9, 2025.


                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report     419
Page 420
        Ikhtisar 2025           Laporan Manajemen    Tentang Perusahaan        Diskusi dan Analisis Manajemen           Tata Kelola Perusahaan
        2025 Highlights         Management Report    About the Company         Management Discussion and Analysis       Corporate Governance




                          Pokok Perkara/Gugatan                 Status Penyelesaian Perkara/Gugatan                 Pengaruh terhadap
                Subject Matter of the Case/Lawsuit                 Case/Lawsuit Settlement Status                   Kondisi Perusahaan
                                                                                                                      Impact on the
                                                                                                                    Company’s Condition

      Klaim Kontraktor
      Contractor Claims

      Perusahaan (dahulu AP2) memiliki kontrak                 Perusahaan telah meminta pendapat               Klaim tersebut berpotensi
      pengadaan jasa konstruksi dengan beberapa                hukum kepada Kejaksaan Agung                    menimbulkan kewajiban
      kontraktor, di mana pada tahun 2020 Direksi              Republik Indonesia melalui Jamdatun,            tambahan tergantung
      menerbitkan instruksi Force Majeure akibat               yang dalam surat No. R-041/                     pada hasil verifikasi
      pandemi Covid-19 yang mencakup penghentian               Gph.1/05/2023 tanggal 17 Mei 2023               dan audit, sehingga
      sementara kegiatan perencanaan dan konstruksi            menyatakan bahwa penyesuaian harga              Perusahaan menerapkan
      serta pengajuan penundaan pembayaran.                    dan kompensasi harus didasarkan pada            prinsip kehati-hatian
      Meskipun para pihak menyepakati penghentian              fakta yang benar dan nilai yang wajar,          melalui proses penilaian
      sementara tersebut, hingga saat ini belum terdapat       serta menyarankan verifikasi oleh               independen guna
      keputusan terkait kelanjutan pelaksanaan kontrak         pihak ketiga. Selanjutnya, Perusahaan           memastikan dampak
      sehingga timbul klaim dari beberapa kontraktor.          mengajukan permohonan bantuan                   keuangan yang wajar
      The Company (formerly AP2) entered into                  audit kepada BPKP untuk melakukan               dan terkendali.
      construction service contracts with several              penilaian atas kewajaran nilai                  These claims may result
      contractors. In 2020, the Board of Directors             penyesuaian harga dan kompensasi.               in additional liabilities
      issued a Force Majeure notification due to the           The Company sought a legal opinion              depending on the
      COVID-19 pandemic, which included the temporary          from the Attorney General’s Office of           outcome of the verification
      suspension of ongoing planning and construction          the Republic of Indonesia through               and audit process.
      activities and requests for payment deferrals. While     the Deputy Attorney General for                 Accordingly, the Company
      the parties agreed to the temporary suspension,          Civil and State Administrative                  has applied a prudent
      no decision has yet been made regarding                  Affairs (Jamdatun). In its letter No.           approach by conducting
      the continuation of the contracts, resulting in          R-041/Gph.1/05/2023 dated May 17,               independent assessments
      claims submitted by several contractors.                 2023, Jamdatun stated that price                to ensure that any
                                                               adjustments and compensation must               financial impact remains
                                                               be based on accurate facts and fair             fair and controlled.
                                                               values, and recommended verification
                                                               by an agreed independent third
                                                               party. Subsequently, the Company
                                                               requested audit assistance from
                                                               the Financial and Development
                                                               Supervisory Agency (BPKP) to assess
                                                               the reasonableness of the proposed
                                                               price adjustments and compensation.

      Klaim Ahli Waris Mewar
      Mewar Heirs’ Claim

      Pada bulan Januari 2026, Perusahaan menerima             Proses persidangan dimulai dengan               Perkara ini masih dalam
      gugatan perdata dengan register No. 692/                 mediasi pada 27 Januari 2026                    proses hukum sehingga
      Pdt.G/2025/PN Jakarta Pusat terkait klaim                yang tidak mencapai kesepakatan,                berpotensi menimbulkan
      atas tanah ex Erfpacht No. 5 di wilayah Bandar           dilanjutkan pembacaan gugatan pada              liabilitas kontinjensi
      Udara Pattimura, Ambon, yang diajukan oleh               2 Februari 2026 dan penyampaian                 sebesar Rp473,21 miliar,
      Mohammad Novi Mawar mewakili ahli waris Mewar            jawaban para tergugat pada 22                   namun dampak keuangan
      terhadap PT Angkasa Pura Indonesia sebagai               Februari 2026 melalui e-Court.                  final masih bergantung
      Tergugat I, bersama Kementerian Perhubungan              Sampai dengan tanggal laporan                   pada hasil putusan
      Republik Indonesia (Tergugat II) dan Kementerian         keuangan konsolidasian, perkara                 pengadilan. Perusahaan
      Keuangan Republik Indonesia (Tergugat III), serta        masih dalam proses persidangan                  terus memantau
      turut tergugat lainnya, dengan nilai gugatan             dan telah memasuki agenda                       perkembangan perkara
      sebesar Rp383,21 miliar (materiil) dan Rp90,00           replik dari Penggugat yang                      dan menyiapkan
      miliar (immaterial), atau total Rp473,21 miliar.         dijadwalkan pada 31 Maret 2026.                 langkah mitigasi yang
      In January 2026, the Company received a civil            The legal proceedings commenced                 diperlukan sesuai
      lawsuit registered under No. 692/Pdt.G/2025/             with mediation on January 27, 2026,             ketentuan yang berlaku.
      PN Jakarta Pusat concerning a claim over                 which did not reach a settlement. The           The case is still under
      land formerly under Erfpacht No. 5 located               case proceeded with the reading of              legal process and may
      in the Pattimura Airport area, Ambon. The                the claim on February 2, 2026, followed         give rise to a contingent
      lawsuit was filed by Mohammad Novi Mawar,                by the submission of responses by               liability of Rp473.21 billion.
      representing the heirs of Mewar, against                 the defendants on February 22, 2026             However, the final financial
      PT Angkasa Pura Indonesia as Defendant I,                via e-Court. As of the date of the              impact will depend on
      together with the Ministry of Transportation             consolidated financial statements, the          the court’s decision. The
      of the Republic of Indonesia (Defendant II)              case is still ongoing and has reached           Company continues to
      and the Ministry of Finance of the Republic of           the stage of the plaintiff’s reply (replik),    monitor the case closely
      Indonesia (Defendant III), as well as several co-        scheduled for March 31, 2026.                   and prepare necessary
      defendants. The claim amounted to Rp383.21                                                               mitigation measures
      billion in material damages and Rp90.00 billion                                                          in accordance with
      in immaterial damages, totaling Rp473.21 billion.                                                        applicable regulations.


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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




    Sanksi Administratif
Administrative Sanction


                Pokok Perkara/Gugatan                       Status Penyelesaian Perkara/Gugatan            Pengaruh terhadap
         Subject Matter of the Case/Lawsuit                     Case/Lawsuit Settlement Status             Kondisi Perusahaan
                                                                                                            Impact on the
                                                                                                          Company’s Condition


Tagihan Denda pembayaran konsesi PNBP
Penalty Bill for PNBP Concession Payments

Sengketa pajak di Pengadilan Pajak DKI                     Menunggu Putusan Peninjauan                  Sampai dengan saat ini,
Jakarta atas Pajak Bumi dan Bangunan                       Kembali dari Mahkamah Agung                  perkara tersebut belum
Perdesaan dan Perkotaan (PBB-P2) YIA tahun                 Awaiting the Judicial Review                 memberikan dampak
2022 dengan Nomor Sengketa PBB YIA –                       decision from the Supreme Court              keuangan secara langsung
014083.26/2022/PP. Pokok sengketa antara                   of the Republic of Indonesia.                terhadap Perusahaan,
para pihak adalah perbedaan perhitungan                                                                 sepanjang belum terdapat
Nilai Jual Objek Pajak (NJOP) bumi antara AP                                                            putusan pengadilan
I dan Pemerintah Daerah Kabupaten Kulon                                                                 yang berkekuatan
Progo, dengan total perhitungan Pemerintah                                                              hukum tetap yang
Daerah sebesar Rp28.087.679.867, sedangkan                                                              menyatakan sebaliknya
perhitungan AP I sebesar Rp7.864.553.863.                                                               atau tidak memenangkan
Tax dispute at the Jakarta Tax Court regarding                                                          Perusahaan.
Rural and Urban Land and Building Tax (PBB-P2)                                                          As of the reporting date,
for YIA in 2022 with Dispute Number PBB YIA –                                                           the case has not had a
014083.26/2022/PP. The core dispute between the                                                         direct financial impact on
parties relates to differences in the calculation of                                                    the Company, provided
the land Tax Object Sales Value (NJOP) between                                                          that there is no final and
AP I and the Regional Government of Kulon                                                               binding court decision
Progo Regency, where the Regional Government                                                            stating otherwise or ruling
calculated a total of Rp28,087,679,867,                                                                 against the Company.
while AP I calculated Rp7,864,553,863.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   421
Page 422
        Ikhtisar 2025      Laporan Manajemen       Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights    Management Report       About the Company        Management Discussion and Analysis   Corporate Governance




      AKSES INFORMASI KEPADA PUBLIK
      Information Access to Public


        Pedoman Pengelolaan Komunikasi dan Media
      Komunikasi
      Communication Management and Communication Media Guidelines

      Pedoman Pengelolaan Komunikasi dan Media Komunikasi               The Communication Management and Communication
      PT Angkasa Pura Indonesia sebagaimana diatur dalam                Media Guidelines of PT Angkasa Pura Indonesia,
      Peraturan Direksi No. PD.DU.0001/HM.02.03/2025 yang               as stipulated in Board of Directors Regulation No.
      ditetapkan pada 3 Maret 2025 merupakan acuan resmi                PD.DU.0001/HM.02.03/2025 dated March 3, 2025, serves
      bagi seluruh unit kerja dan pegawai dalam melaksanakan            as an official reference for all work units and employees
      aktivitas komunikasi perusahaan secara terintegrasi,              in conducting corporate communication activities in
      efektif, dan selaras dengan prinsip GCG. Pedoman                  an integrated and effective manner, aligned with GCG
      ini bertujuan untuk membangun dan menjaga citra                   principles. These guidelines aim to build and maintain
      serta reputasi positif Perusahaan melalui pengelolaan             a positive corporate image and reputation through
      komunikasi yang konsisten, akurat, dan bertanggung                communication management that is consistent, accurate,
      jawab.                                                            and accountable.

      Ruang lingkup pengaturan mencakup komunikasi                      The scope of the guidelines includes internal and
      internal dan eksternal, penunjukan juru bicara,                   external communication, designation of spokespersons,
      pengendalian kerahasiaan informasi, serta pengelolaan             management of information confidentiality, and crisis
      komunikasi krisis guna memastikan keselarasan pesan               communication management to ensure message
      dan mitigasi risiko reputasi. Dalam implementasinya,              consistency and mitigation of reputational risks. In
      Perusahaan memanfaatkan berbagai media komunikasi                 its implementation, the Company utilizes various
      sebagai sarana penyebaran informasi kepada pemangku               communication media as channels for disseminating
      kepentingan.                                                      information to stakeholders.




          Saluran Komunikasi yang Digunakan
      Communication Channels Utilized

      Dalam pelaksanaannya, Perusahaan memanfaatkan                     In practice, the Company employs various communication
      berbagai media komunikasi sebagai sarana penyebaran               media as channels for information dissemination,
      informasi, publikasi, dan promosi kepada pemangku                 publication, and promotion to both internal and external
      kepentingan     internal   maupun      eksternal.    Media        stakeholders. These media include the corporate website,
      komunikasi tersebut mencakup situs web Perusahaan,                official social media platforms, electronic mail (e-mail),
      media sosial resmi, surat elektronik (e-mail), serta media        and out-of-home (OOH) media. The Company manages
      publikasi luar ruang (out of home media). Perusahaan              its main website, accessible at https://injourneyairports.
      mengelola situs web utama yang dapat diakses melalui              id, as well as official websites of each branch office, as
      https://injourneyairports.id serta situs web resmi pada           platforms for delivering corporate information in an open
      setiap kantor cabang sebagai sarana informasi korporat            and accountable manner.
      secara terbuka dan akuntabel.

      Selain itu, Perusahaan mengoptimalkan penggunaan                  In addition, the Company optimizes the use of social
      media sosial sebagai kanal komunikasi strategis yang              media as a strategic communication channel managed
      dikelola oleh Kantor Pusat, Kantor Cabang, serta layanan          by the Head Office, Branch Offices, and Contact Center
      Contact Center. Akun resmi Kantor Pusat antara lain:              services. The official Head Office accounts include:

      Instagram: @injourneyairports                                     Instagram: @injourneyairports
      Facebook: InJourney Airports                                      Facebook: InJourney Airports
      X (Twitter): @INJairports                                         X (Twitter): @INJairports
      TikTok: @injourneyairports                                        TikTok:@injourneyairports



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  Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
  Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Sementara itu, untuk layanan pengaduan pelanggan,                        Meanwhile, for customer complaint services, the
Perusahaan mengoperasikan akun Contact Center,                           Company operates Contact Center accounts such as:
seperti:

Instagram: @ccinjourneyairports                                          Instagram: @ccinjourneyairports
Facebook: Contact Center AP2                                             Facebook: Contact Center AP2
X (Twitter): @CCINJAirports                                              X (Twitter): @CCINJAirports



Dalam mendukung komunikasi formal, Perusahaan                            To support formal communication, the Company utilizes
menggunakan surat elektronik dengan domain resmi                         official e-mail addresses with the corporate domain,
humas, seperti corcomms@injourneyairports.id. Adapun                     particularly the public relations domain, such as corcomms@
untuk kebutuhan komunikasi tertentu seperti distribusi                   injourneyairports.id . For specific communication needs,
siaran pers, alamat surel dapat disesuaikan dengan                       such as press release distribution, e-mail addresses may be
domain Perusahaan dan jabatan pengelola komunikasi                       adjusted in accordance with the Company’s domain and
yang berwenang.                                                          the role of the authorized communication officer.

Selain itu, media publikasi luar ruang dimanfaatkan                      Furthermore, out-of-home media are utilized for
untuk edukasi dan sosialisasi kepada pengguna jasa,                      educational and socialization purposes for airport service
baik melalui media digital seperti TV display maupun                     users, both through digital media such as TV displays and
media nondigital seperti reklame, baliho, dan billboard.                 non-digital media such as signage, banners, and billboards.
Perusahaan juga mengelola saluran komunikasi                             The Company also manages supporting communication
pendukung, antara lain siaran pers yang didistribusikan                  channels, including press releases distributed to the
kepada media, pemanfaatan buzzer dan influencer untuk                    media, the use of buzzer and influencer engagement to
memperkuat publikasi, layanan Contact Center sebagai                     strengthen publications, Contact Center services as an
kanal interaksi pengguna jasa, serta penyediaan nomor                    interaction channel for service users, and the provision of
kontak dalam setiap publikasi resmi.                                     contact numbers in every official publication.




    Pengelola Komunikasi Publik
Public Communication Management

Pengelolaan komunikasi dilaksanakan secara terstruktur                   Communication management was carried out in a
sesuai dengan kewenangan organisasi. Kantor Pusat                        structured manner in accordance with organizational
melalui fungsi komunikasi bertanggung jawab atas                         authority. The Head Office, through the communication
pengelolaan komunikasi korporat, didukung oleh fungsi                    function, was responsible for managing corporate
customer experience dalam layanan pelanggan serta                        communications, supported by the customer experience
fungsi technology and digitalization dalam pengelolaan                   function in delivering customer services and the technology
infrastruktur dan keamanan sistem komunikasi. Pada                       and digitalization function in managing communication
tingkat regional dilakukan fungsi pengawasan dan                         infrastructure and system security. At the regional level,
pembinaan, sedangkan kantor cabang bertanggung                           supervisory and oversight functions were performed, while
jawab atas pengelolaan media komunikasi resmi kantor                     branch offices were responsible for managing the official
cabang.                                                                  communication media of their respective offices.

Dalam    penyampaian       informasi    kepada   publik,                 In delivering information to the public, the Company
Perusahaan menetapkan juru bicara sesuai kewenangan,                     designates spokespersons in accordance with their
di mana Direktur Utama bertindak sebagai juru bicara                     authority, where the President Director serves as the
utama untuk isu strategis nasional, sedangkan Corporate                  main spokesperson for national strategic issues, while
Secretary Group Head, Regional CEO, dan General                          the Corporate Secretary Group Head, Regional CEO,
Manager bertindak sesuai lingkup tugasnya.                               and General Manager act as spokespersons within their
                                                                         respective scopes of responsibility.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report    423
Page 424
        Ikhtisar 2025       Laporan Manajemen        Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights     Management Report        About the Company       Management Discussion and Analysis   Corporate Governance




      PENERAPAN PEDOMAN TATA KELOLA
      PERUSAHAAN (BERDASARKAN SEOJK NO. 32/
      SEOJK.04/2015)
      Implementation of Corporate Governance Guideline (Based on Provision of
      SEOJK No. 32/SEOJK.04/2015)


        Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak
        Pemegang Saham
        Relationship between Public Company with Shareholders to Enforce the Rights of Shareholders




                                   Prinsip I                                                       Penerapan
                   Meningkatkan Nilai Penyelenggaraan RUPS                                     Implementation
                                  Principle I
                  Improving the Value of GMS Implementation

        1.   Perusahaan Terbuka memiliki cara atau prosedur               Telah diterapkan.
             teknis pengumpulan suara (voting) baik secara                Mekanisme pengumpulan suara (voting)
             terbuka maupun tertutup yang mengedepankan                   telah tertuang dalam tata tertib RUPS.
             independensi dan kepentingan pemegang saham.
                                                                          Implemented.
             Public Company has a method and technical procedures         The voting mechanism has been
             of either open or closed polling (voting) that promotes      stipulated in the rules of the GMS.
             independency and the interests of shareholders.

        2. Seluruh anggota Direksi dan anggota Dewan                      Telah diterapkan.
           Komisaris Perusahaan Terbuka hadir dalam RUPST.                Seluruh Direksi dan Dewan Komisaris hadir dalam
                                                                          RUPS Tahunan Perusahaan yang diselenggarakan
             All members of the Board of Directors                        pada tanggal 30 Januari 2025 dan 20 Juni 2025.
             and Commissioners of the Public
             Company attended the AGMS.                                   Implemented.
                                                                          All Directors and Commissioners attended
                                                                          the Company’s Annual GMS which was held
                                                                          on January 30, 2025 and June 20, 2025.

        3. Ringkasan risalah RUPS tersedia dalam situs web                Belum diterapkan.
           Perusahaan Terbuka paling sedikit selama satu tahun.           Ringkasan risalah RUPS belum tersedia pada
                                                                          situs web Perusahaan www.injourneyairports.id
             Summary of the GMS is available in the Public
             Company’s website at least for over a year.                  Not yet implemented.
                                                                          Summary of the minutes of the GMS is yet available
                                                                          on the Company’s website www.injourneyairports.id


                                 Prinsip II                                                        Penerapan
                Meningkatkan Kualitas Komunikasi Perusahaan                                    Implementation
                Terbuka dengan Pemegang Saham atau Investor
                                 Principle II
                 Improving the quality of the Public Company’s
                 Communication with Shareholders or Investors

        1.   Perusahaan Terbuka memiliki suatu kebijakan                  Telah diterapkan.
             komunikasi dengan pemegang saham atau investor.              Kebijakan ini tercantum dalam Kode Etik Perusahaan.

             The Public Company has a communication                       Implemented.
             policy with shareholders and investors.                      This policy is listed in the Company’s Code of Conduct.

        2. Perusahaan Terbuka mengungkapkan                               Telah diterapkan.
           kebijakan komunikasi Perusahaan Terbuka                        Kebijakan Komunikasi dengan pemegang
           dengan pemegang saham atau investor.                           saham atau investor telah tertuang dalam
                                                                          Laporan Tahunan Perusahaan.
             The Public Company discloses their communication
             policy with shareholders or investors.                       Implemented.
                                                                          Communication Policy with shareholders or investors
                                                                          has been stated in the Company’s Annual Report.


424   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Fungsi dan Peran Dewan Komisaris
Function and Role of the Board of Commissioners




                     Prinsip III                                                               Penerapan
Memperkuat Keanggotaan dan Komposisi Dewan Komisaris                                        Implementation
                         Principle III
       Strengthening the Membership and Composition
               of the Board of Commissioners

1.   Penentuan jumlah anggota Dewan Komisaris                            Telah diterapkan.
     mempertimbangkan kondisi Perusahaan Terbuka                         Penentuan jumlah anggota Dewan
     serta efektivitas dalam pengambilan keputusan.                      Komisaris telah dilaksanakan sesuai
                                                                         dengan Anggaran Dasar Perusahaan.
     Public Company has a method and technical procedures
     of either open or closed polling (voting) that promotes             Implemented.
     independency and the interests of shareholders.                     The determination of the number of
                                                                         members of the Board of Commissioners
                                                                         has been carried out in accordance with
                                                                         the Company’s Articles of Association.

2. Penentuan komposisi anggota Dewan Komisaris                           Telah diterapkan.
   memperhatikan keberagaman keahlian,                                   Penentuan komposisi anggota Dewan
   pengetahuan dan pengalaman yang dibutuhkan.                           Komisaris telah memperhatikan keberagaman
                                                                         keahlian, pengetahuan dan pengalaman
     Determination of the composition of members of the                  yang dibutuhkan Perusahaan.
     Board of Commissioners considers the requirement
     of the diversity of skills, knowledge and experience.               Implemented.
                                                                         The determination of the composition of the
                                                                         members of the Board of Commissioners has taken
                                                                         into account the diversity of expertise, knowledge
                                                                         and experience required by the Company.


                         Prinsip IV                                                            Penerapan
           Meningkatkan Kualitas Pelaksanaan Tugas                                          Implementation
            dan Tanggung Jawab Dewan Komisaris
                        Principle IV
     Improving the Quality of Duties and Responsibilities
              of the Board of Commissioners

1.   Dewan Komisaris mempunyai kebijakan penilaian sendiri Telah diterapkan.
     (self-assessment) untuk menilai kinerja Dewan Komisaris. Kebijakan penilaian sendiri (self-assessment)
                                                              Dewan Komisaris merujuk pada kebijakan
     The Board of Commissioners has a self-                   yang berlaku di Perusahaan
     assessment policy to assess their performance.
                                                              Implemented.
                                                              The Board of Commissioners’ self-assessment policy
                                                              refers to the policies applicable in the Company.

2. Kebijakan penilaian sendiri (self-assessment)                         Telah diterapkan.
   untuk menilai kinerja Dewan Komisaris                                 Kebijakan penilaian sendiri (self-assessment)
   diungkapkan melalui Laporan Tahunan.                                  kinerja Dewan Komisaris telah diungkapkan
                                                                         melalui Laporan Tahunan Perusahaan.
     Self-assessment policy to assess the Board
     of Commissioners’ performance is disclosed                          Implemented.
     in the Public Company’s annual report.                              The determination of the composition of the
                                                                         members of the Board of Commissioners has taken
                                                                         into account the diversity of expertise, knowledge
                                                                         and experience required by the Company.




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   425
Page 426
        Ikhtisar 2025       Laporan Manajemen       Tentang Perusahaan      Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights     Management Report       About the Company       Management Discussion and Analysis   Corporate Governance




                                 Prinsip IV                                                      Penerapan
                   Meningkatkan Kualitas Pelaksanaan Tugas                                    Implementation
                    dan Tanggung Jawab Dewan Komisaris
                                Principle IV
             Improving the Quality of Duties and Responsibilities
                      of the Board of Commissioners

        3. Dewan Komisaris mempunyai kebijakan terkait                   Telah diterapkan.
           pengunduran diri Dewan Komisaris apabila                      Kebijakan terkait dengan hal ini telah dilaksanakan
           terlibat dalam kejahatan keuangan.                            dengan merujuk pada ketentuan Anggaran Dasar
                                                                         Perusahaan dan peraturan Otoritas Jasa Keuangan
             The Board of Commissioners has a resignation                serta peraturan perundang-undangan yang berlaku.
             policy for members of the Board of
             Commissioners involved in financial crime.                  Implemented.
                                                                         Policies related to this have been implemented
                                                                         with reference to the provisions of the Articles of
                                                                         Association of the Company and the regulations
                                                                         of the Financial Services Authority as well
                                                                         as the prevailing laws and regulations.

        4. Dewan Komisaris atau komite yang menjalankan                  Telah diterapkan.
           fungsi Nominasi dan Remunerasi menyusun kebijakan             Kebijakan suksesi dalam proses nominasi
           suksesi dalam proses nominasi anggota Direksi.                anggota Direksi merujuk pada kebijakan
                                                                         yang berlaku di Perusahaan.
             The Board of Commissioners or committees performing
             the Nomination and Remuneration functions                   Implemented.
             establishes a succession policy for the nomination          The succession policy in the nomination process
             process of members of the Board of Directors.               for members of the Board of Directors refers
                                                                         to the prevailing policies in the Company.




        Fungsi dan Peran Direksi
        Function and Role of the Board of Directors




                               Prinsip V                                                          Penerapan
               Memperkuat Keanggotaan dan Komposisi Direksi                                   Implementation
                                 Principle V
                 Strengthening Membership and Composition
                          of the Board of Directors

        1.   Penentuan jumlah anggota Direksi                            Telah diterapkan.
             mempertimbangkan kondisi Perusahaan Terbuka                 Penentuan jumlah anggota Direksi
             serta efektivitas dalam pengambilan keputusan.              telah dilaksanakan sesuai dengan
                                                                         Anggaran Dasar Perusahaan.
             Determination of the number of members of the
             Board of Directors considers the condition of the Public    Implemented.
             Company and the decision-making effectiveness.              Determination of the number of members of the
                                                                         Board of Directors has been carried out in accordance
                                                                         with the Company’s Articles of Association.

        2. Penentuan komposisi anggota Direksi                           Telah diterapkan.
           memperhatikan keberagaman keahlian,                           Kebijakan Komunikasi dengan pemegang
           pengetahuan dan pengalaman yang dibutuhkan.                   saham atau investor telah tertuang dalam
                                                                         Laporan Tahunan Perusahaan.
             The Public Company discloses their communication
             policy with shareholders or investors.                      Implemented.
                                                                         Determining the composition of the members
                                                                         of the Board of Directors has taken into
                                                                         account the diversity of expertise, knowledge
                                                                         and experience required by the Company.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




3. Anggota Direksi yang membawahi bidang akuntansi                       Telah diterapkan.
   atau keuangan memiliki keahlian dan/atau pengetahuan                  Anggota Direksi yang membawahi
   di bidang akuntansi dan/atau keuangan.                                bidang akuntansi atau keuangan memiliki
                                                                         keahlian dan/atau pengetahuan di bidang
     Members of the Board of Directors that oversees                     akuntansi dan/atau keuangan.
     accounting or finance have expertise and/or                         Anggota Direksi yang membawahi bidang akuntansi
     knowledge in accounting and/or finance.                             dan keuangan adalah Direktur Keuangan.

                                                                         Implemented.
                                                                         Members of the Board of Directors who are in
                                                                         charge of accounting or finance have expertise
                                                                         and / or knowledge in accounting and/or finance.
                                                                         The member of the Board of Directors in charge of
                                                                         accounting and finance is the Finance Director.


                         Prinsip VI                                                            Penerapan
           Meningkatkan Kualitas Pelaksanaan Tugas                                          Implementation
                 dan Tanggung Jawab Direksi
                           Principle VI
              Improving the Quality of Duties and
            Responsibilities of the Board of Directors

1.   Direksi mempunyai kebijakan penilaian sendiri                       Telah diterapkan.
     (self- assessment) untuk menilai kinerja Direksi.                   Kebijakan penilaian sendiri merujuk pada
                                                                         kontrak manajemen serta merujuk pada
     The Board of Directors has a self-assessment                        ketentuan Anggaran Dasar Perusahaan.
     policy to assess their performance.
                                                                         Implemented.
                                                                         The self-assessment policy refers to the
                                                                         management contract and refers to the provisions
                                                                         of the Company’s Articles of Association.

2. Kebijakan penilaian sendiri (self- assessment)                        Telah diterapkan.
   untuk menilai kinerja Direksi diungkapkan                             Kebijakan penilaian sendiri (self-assessment)
   melalui laporan tahunan Perusahaan Terbuka.                           kinerja Direksi telah diungkapkan dalam
                                                                         laporan tahunan Perusahaan.
     Self-assessment policy to assess the Board
     of Directors’ performance is disclosed in                           Implemented.
     the Public Company’s annual report.                                 The Directors’ performance self-assessment policy
                                                                         is disclosed in the Company’s annual report.

3. Direksi mempunyai kebijakan terkait                                   Telah diterapkan.
   pengunduran diri anggota Direksi apabila                              Kebijakan terkait dengan hal ini telah dilaksanakan
   terlibat dalam kejahatan keuangan.                                    dengan merujuk pada ketentuan Anggaran Dasar
                                                                         Perusahaan dan peraturan Otoritas Jasa Keuangan
     The Board of Directors has a resignation                            serta peraturan perundang-undangan yang berlaku.
     policy for members of the Board of
     Directors involved in financial crime.                              Implemented.
                                                                         Policies related to this have been implemented
                                                                         with reference to the provisions of the Articles of
                                                                         Association of the Company and the regulations
                                                                         of the Financial Services Authority as well
                                                                         as the prevailing laws and regulations.




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   427
Page 428
        Ikhtisar 2025       Laporan Manajemen      Tentang Perusahaan      Diskusi dan Analisis Manajemen        Tata Kelola Perusahaan
        2025 Highlights     Management Report      About the Company       Management Discussion and Analysis    Corporate Governance




        Partisipasi Pemangku Kepentingan
        Stakeholder Participation




                                    Prinsip VII                                                  Penerapan
                  Meningkatkan Aspek Tata Kelola Perusahaan                                  Implementation
                   melalui Partisipasi Pemangku Kepentingan
                                Principle VII
                Improving the Aspect of Corporate Governance
                     through Stakeholders Participation

        1.   Perusahaan Terbuka memiliki kebijakan untuk                Telah diterapkan.
             mencegah terjadinya insider trading.                       Kebijakan ini tercantum dalam Kode Etik Perusahaan.

             The Public Company has a policy                            Implemented.
             to prevent insider trading.                                This policy is stated in the Company’s
                                                                        Code of Conduct.

        2. Perusahaan Terbuka memiliki kebijakan                        Telah diterapkan.
           antikorupsi dan anti-fraud.                                  Kebijakan ini tercantum dalam Kode Etik Perusahaan.

             The Public Company has anti-corruption                     Implemented.
             and anti-fraud policies.                                   This policy is stated in the Company’s
                                                                        Code of Conduct.

        3. Perusahaan Terbuka memiliki kebijakan tentang seleksi        Telah diterapkan.
           dan peningkatan kemampuan pemasok atau vendor.               Kebijakan ini tercantum dalam Kode Etik Perusahaan.

             The Public Company has a policy for selection              Implemented.
             and capacity building of supplier or vendor.               This policy is stated in the Company’s
                                                                        Code of Conduct.

        4. Perusahaan Terbuka memiliki kebijakan                        Telah diterapkan.
           tentang pemenuhan hak-hak kreditur.                          Kebijakan ini tercantum dalam Kode Etik Perusahaan.

             The Public Company has a policy to                         Implemented.
             enforce the rights of creditors.                           This policy is stated in the Company’s
                                                                        Code of Conduct.

        5. Perusahaan Terbuka memiliki kebijakan                        Telah diterapkan.
           sistem whistleblowing.                                       Kebijakan ini tercantum dalam Kode Etik Perusahaan.

             The Public Company has a whistleblowing system policy.     Implemented.
                                                                        This policy is stated in the Company’s
                                                                        Code of Conduct.

        6. Perusahaan Terbuka memiliki kebijakan pemberian              Telah diterapkan. Kebijakan ini tercantum
           insentif jangka panjang kepada Direksi dan karyawan.         dalam Kode Etik Perusahaan.

             The Public Company has a long-term incentive               Implemented.
             policy for the Board of Directors and employees.           This policy is stated in the Company’s
                                                                        Code of Conduct.




428   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




Keterbukaan Informasi
Information Disclosure




                         Prinsip VIII                                                          Penerapan
       Meningkatkan Pelaksanaan Keterbukaan Informasi                                       Implementation
                         Principle VIII
     Improving the Implementation of Information Disclosure

1.    Perusahaan Terbuka memanfaatkan penggunaan                         Telah diterapkan.
      teknologi informasi secara lebih luas selain Situs                 Perusahaan telah memanfaatkan penggunaan
      Web sebagai media keterbukaan informasi.                           teknologi informasi secara luas, antara lain
                                                                         melalui email, situs Perusahaan dan juga platform
      Aside from their website, the Public Company                       Sistem Pelaporan Elektronik OJK – BEI.
      broadly utilizes information technology as
      channels for information disclosure.                               Implemented.
                                                                         The Company has made extensive use of information
                                                                         technology, including through the Company’s
                                                                         email, the Company’s website, and also the OJK-
                                                                         IDX Electronic Reporting System platform.

2. Laporan Tahunan Perusahaan Terbuka mengungkapkan                      Telah diterapkan.
   pemilik manfaat akhir dalam kepemilikan saham                         Dalam Laporan Tahunan Perusahaan
   Perusahaan Terbuka paling sedikit 5% (lima persen),                   telah diungkapkan pemilik manfaat akhir
   selain pengungkapan pemilik manfaat akhir dalam                       dalam kepemilikan saham Perusahaan
   kepemilikan saham Perusahaan Terbuka melalui                          Terbuka paling sedikit 5%.
   pemegang saham utama dan pengendali.
                                                                         Implemented.
      The Public Company’s Annual Report discloses                       In the Company’s Annual Report, it has been
      the ultimate beneficial owner in their company’s                   disclosed the beneficial owner of the public
      share ownership to at least 5% (five percent), in                  company shares ownership of at least 5%.
      addition to the disclosure of the ultimate beneficial
      owner through the ultimate and controlling
      shareholders in their company’s share ownership.




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   429
Page 430
        Ikhtisar 2025        Laporan Manajemen    Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report    About the Company      Management Discussion and Analysis        Corporate Governance




      INDIKATOR/PARAMETER PENILAIAN DAN
      EVALUASI ATAS PENERAPAN TATA KELOLA
      PERUSAHAAN YANG BAIK PADA BADAN
      USAHA MILIK NEGARA
      (Berdasarkan Keputusan Sekretaris Kementerian BUMN No. SK-16/S.MBU/2012)
      Indicators/Parameters for Assessment and Evaluation of the Implementation of
      Good Corporate Governance in State-Owned Enterprises
      (Based on Decree of the Secretary of the Ministry of SOEs No. SK-16/S.MBU/2012)




       No                 Indikator/Parameter                 Ada      Tidak                         Keterangan
                          Indicators/Parameters               Yes       No                           Description

        1     Perusahaan memiliki Pedoman
              Perilaku yang ditinjau dan
                                                                               Pedoman Perilaku Perusahaan telah
                                                                                ditetapkan dan dimutakhirkan secara
              dimutakhirkan secara berkala.                                     berkala melalui KEP.28/DK.API/12/2024
              The Company has a Code of Conduct that                            dan PD.DU.1026/XII/2024.
              is reviewed and updated periodically.                             The Corporate Code of Conduct has
                                                                                been established and is periodically
                                                                                updated through KEP.28/DK.API/12/2024
                                                                                and PD.DU.1026/XII/2024.

        2     Perusahaan memiliki Pedoman Tata Kelola
              Perusahaan yang Baik (GCG Code) yang
                                                                               Pedoman Tata Kelola Perusahaan
                                                                                yang Baik telah ditetapkan melalui
              ditinjau dan dimutakhirkan secara berkala.                        KEP.08/DK.API/7/2025 dan PD.DU.29/
              The Company maintains a Good Corporate                            PG.03/2025 sebagai acuan penerapan
              Governance (GCG) Code, which is reviewed                          GCG di lingkungan Perusahaan.
              and updated on a regular basis.                                   The Good Corporate Governance
                                                                                (GCG) Code has been established via
                                                                                KEP.08/DK.API/7/2025 and PD.DU.29/
                                                                                PG.03/2025 as the reference for GCG
                                                                                implementation across the Company.

        3     Direksi menunjuk seorang anggota
              Direksi sebagai penanggung jawab
                                                                               Penunjukan anggota Direksi sebagai
                                                                                penanggung jawab penerapan dan
              dalam penerapan dan pemantauan                                    pemantauan GCG telah ditetapkan
              Tata Kelola Perusahaan yang Baik.                                 melalui PD.DU.0007/OM.01/2025.
              The Board of Directors has designated                             The appointment of a Board of Directors
              a member to be responsible for the                                member as the person in charge of GCG
              implementation and monitoring of                                  implementation and monitoring has been
              Good Corporate Governance.                                        stipulated through PD.DU.0007/OM.01/2025.

        4     Perusahaan melakukan assessment
              terhadap pelaksanaan Tata
                                                                               Pelaksanaan asesmen GCG dilakukan secara
                                                                                berkala dengan mengacu pada Laporan Hasil
              Kelola Perusahaarı yang Baik                                      Asesmen Penerapan GCG Tahun Buku 2024.
              dan review secara berkala.                                        GCG assessments are conducted periodically,
              The Company conducts regular                                      referring to the GCG Implementation
              assessments and reviews of Good                                   Assessment Report for the 2024 Fiscal Year.
              Corporate Governance implementation.

        5     Pelaksanaan Tata Kelola Perusahaan
              yang Baik menjadi salah satu unsur
                                                                               Pengukuran kinerja terkait
                                                                                penerapan GCG telah diakomodasi
              Key Performance Indicator (KPI) yang                              dalam Kontrak Manajemen.
              dituangkan dalam Kontrak Manajemen.                               Performance measurement regarding GCG
              The implementation of Good Corporate                              implementation has been accommodated
              Governance is integrated as a Key                                 within the Management Contract.
              Performance Indicator (KPI) within
              the Management Contract.




430   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 431
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                  Indikator/Parameter                      Ada         Tidak                        Keterangan
                   Indicators/Parameters                     Yes           No                         Description

6     Perusahaan menciptakan situasi
      kondusif untuk melaksanakan Pedoman
                                                                                    Penciptaan lingkungan kerja yang
                                                                                     kondusif untuk penerapan GCG dan
      Tata Kelola Perusahaan yang Baik                                               Pedoman Perilaku diatur melalui KEP.08/
      (GCG Code) dan Pedoman Perilaku.                                               DK.API/7/2025 dan KEP.28/DK.API/12/2024.
      The Company fosters a conducive                                                The creation of a conducive work
      environment for the implementation of                                          environment for GCG and Code of Conduct
      the GCG Code and the Code of Conduct.                                          implementation is regulated under KEP.08/
                                                                                     DK.API/7/2025 and KEP.28/DK.API/12/2024.

7     Perusahaan memiliki kebijakan tentang
      kepatuhan pelaporan harta kekayaan
                                                                                    Kebijakan kepatuhan pelaporan LHKPN
                                                                                     telah disusun dan dapat diakses melalui
      penyelenggara negara bagi Dewan                                                dokumen internal Perusahaan.
      Komisaris/Dewan Pengawas, Direksi dan                                          The compliance policy for Wealth
      pejabat satu tingkat di bawah Direksi.                                         Report (LHKPN) filing has been
      The Company has established a policy                                           formulated and is accessible through
      on Wealth Report (LHKPN) compliance                                            the Company’s internal documents.
      for the Board of Commissioners, the
      Board of Directors, and officials one
      level below the Board of Directors.

8     Lapor Penyelenggara Negara/
      Wajib memahami kebijakan/SOP
                                                                                    Pemahaman wajib lapor terhadap kebijakan
                                                                                     dan SOP pelaporan LHKPN didukung melalui
      tentang kepatuhan pelaporan harta                                              penyediaan dokumen dan sosialisasi internal.
      kekayaan penyelenggara negara.                                                 The reporting obligors’ understanding of
      Reporting parties/obligors are required                                        LHKPN policies and SOPs is supported
      to understand the policy and Standard                                          by the provision of documents
      Operating Procedures (SOP) regarding                                           and internal socialization.
      wealth report compliance.

9     Perusahaan melaksanakan kebijakan/
      SOP tentang kepatuhan pelaporan harta
                                                                                    Implementasi pelaporan LHKPN
                                                                                     dilakukan sesuai dengan kebijakan
      kekayaan penyelenggara negara.                                                 yang berlaku dan didukung oleh
      The Company consistently implements                                            dokumen pelaporan yang tersedia.
      policies and SOPs concerning                                                   LHKPN reporting is implemented
      wealth report compliance.                                                      in accordance with applicable
                                                                                     policies and supported by available
                                                                                     reporting documentation.

10    Perusahaan memiliki ketentuan/kebijakan
      tentang Pengendalian Gratifikasi.
                                                                                    Kebijakan pengendalian gratifikasi
                                                                                     telah ditetapkan melalui KEP.07/
      The Company has established regulations                                        DK.API/7/2025 dan PD.DU.30/PG.03/2025.
      and policies regarding Gratification Control.                                  The Gratification Control policy has
                                                                                     been established through KEP.07/
                                                                                     DK.API/7/2025 and PD.DU.30/PG.03/2025.

11    Perusahaan melaksanakan upaya
      untuk meningkatkan pemahaman
                                                                                    Sosialisasi kebijakan pengendalian
                                                                                     gratifikasi dilaksanakan secara berkala
      terhadap kebijakan/ketentuan                                                   kepada seluruh insan Perusahaan melalui
      pengendalian gratifikasi.                                                      berbagai media komunikasi internal.
      The Company undertakes efforts to                                              Socialization of gratification control
      enhance the understanding of gratification                                     policies is conducted periodically for
      control policies and regulations.                                              all company members through various
                                                                                     internal communication media.

12    Perusahaan mengimplementasikan
      pengendalian gratifikasi.
                                                                                    Implementasi Program Pengendalian
                                                                                     Gratifikasi dilaksanakan sesuai rencana
      The Company implements                                                         kerja serta dimonitor dan dievaluasi oleh
      gratification control measures.                                                Komisi Pemberantasan Korupsi (KPK).
                                                                                     The implementation of the Gratification
                                                                                     Control Program is carried out according
                                                                                     to the work plan and is monitored
                                                                                     and evaluated by the Corruption
                                                                                     Eradication Commission (KPK).




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   431
Page 432
        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                  Ada       Tidak                         Keterangan
                          Indicators/Parameters                 Yes       No                           Description

        13    Perusahaan memiliki kebijakan tentang
              pelaporan atas dugaan penyimpangan
                                                                                 Kebijakan Whistleblowing System
                                                                                  diatur dalam pedoman pencegahan
              pada perusahaan (Whistleblowing System).                            praktik korupsi, kolusi, dan nepotisme
              The Company has a policy regarding                                  di lingkungan Perusahaan.
              the reporting of suspected irregularities                           The Whistleblowing System policy is
              (Whistleblowing System).                                            regulated within the guidelines for
                                                                                  preventing corruption, collusion, and
                                                                                  nepotism practices within the Company.

        14    Perusahaan melaksanakan kegiatan
              untuk memberikan pemahaman atas
                                                                                 Sosialisasi Whistleblowing System
                                                                                  dilaksanakan secara berkelanjutan
              kebijakan pelaporan atas dugaan                                     melalui program diseminasi kepada
              penyimpangan (Whistleblowing System).                               seluruh insan Perusahaan.
              The Company conducts activities                                     Socialization of the Whistleblowing
              to provide an understanding of                                      System is conducted continuously
              the reporting policy for suspected                                  through dissemination programs
              irregularities (Whistleblowing System).                             for all company members.

        15    Perusahaan melaksanakan kebijakan
              tentang pelaporan atas dugaan
                                                                                 Pelaksanaan Whistleblowing System
                                                                                  didukung dengan penyampaian laporan
              penyimpangan pada perusahaan                                        implementasi secara berkala.
              (Whistleblowing System).                                            The implementation of the Whistleblowing
              The Company implements the policy                                   System is supported by the periodic
              regarding the reporting of suspected                                submission of implementation reports.
              irregularities (Whistleblowing System).

        16    Pemegang Saham/RUPS/Pemilik Modal
              menetapkan pedoman pengangkatan
                                                                                 Pedoman pengangkatan dan pemberhentian
                                                                                  Direksi diatur dalam Board of Directors
              dan pemberhentian Direksi.                                          Charter yang telah ditetapkan oleh RUPS.
              The Shareholders/GMS/Capital Owners                                 Guidelines for the appointment and
              establish guidelines for the appointment                            dismissal of the Board of Directors are
              and dismissal of the Board of Directors.                            regulated in the Board of Directors
                                                                                  Charter established by the GMS.

        17    Pemegang Saham/RUPS/Pemilik
              Modal melaksanakan penilaian
                                                                                 Penilaian terhadap calon anggota
                                                                                  Direksi dilaksanakan oleh RUPS sesuai
              terhadap calon anggota Direksi.                                     dengan ketentuan yang berlaku.
              The Shareholders/GMS/Capital Owners                                 The assessment of candidates for the Board
              conduct assessments of candidates                                   of Directors is conducted by the GMS in
              for the Board of Directors.                                         accordance with applicable regulations.

        18    Modal Saham/RUPS/Pemilik
              Pemegang menetapkan pengangkatan
                                                                                 Penetapan pengangkatan dan komposisi
                                                                                  Direksi dilakukan melalui keputusan RUPS.
              anggota dan komposisi Direksi.                                      The appointment and composition of
              The Shareholders/GMS/Capital                                        the Board of Directors are determined
              Owners determine the appointment                                    through a GMS resolution.
              of members and the composition
              of the Board of Directors.

        19    Saham/RUPS/Pemilik Modal Pemegang
              menetapkan pengaturan mengenai
                                                                                 Ketentuan mengenai rangkap jabatan
                                                                                  Direksi diatur dalam pedoman
              rangkap jabatan bagi anggota Direksi.                               tata kelola Perusahaan.
              The Shareholders/GMS/Capital Owners                                 Provisions regarding concurrent positions
              establish regulations regarding                                     for the Board of Directors are regulated in
              concurrent positions (double hats) for                              the Company’s governance guidelines.
              members of the Board of Directors.

       20     Pemegang Saham/RUPS/Pemilik Modal
              memberhentikan anggota Direksi sesuai
                                                                                 Pemberhentian Direksi dilakukan oleh
                                                                                  RUPS sesuai dengan ketentuan peraturan
              dengan peraturan perundang-undangan.                                perundang-undangan yang berlaku.
              The Shareholders/GMS/Capital Owners                                 The dismissal of Directors is carried
              establish regulations regarding                                     out by the GMS in accordance with
              concurrent positions (double hats) for                              prevailing laws and regulations.
              members of the Board of Directors.




432   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                  Indikator/Parameter                      Ada         Tidak                        Keterangan
                   Indicators/Parameters                     Yes           No                         Description

21    Saham/RUPS/Pemilik Modal Pemegang
      memberikan respon terhadap lowongan
                                                                                    RUPS memberikan respons atas kondisi
                                                                                     kekosongan jabatan Direksi sesuai dengan
      jabatan dan/atau pemberhentian                                                 ketentuan dalam pedoman tata kelola.
      sementara Direksi oleh Dewan                                                   The GMS responds to vacancies in the
      Komisaris/Dewan Pengawas.                                                      Board of Directors in accordance with the
      The Shareholders/GMS/Capital Owners                                            provisions in the governance guidelines.
      respond to vacant positions and/or the
      temporary suspension of Directors by the
      Board of Commissioners/Supervisory Board.

22    Pemegang Saham/RUPS/Pemilik
      Modal menetapkan pedoman
                                                                                    Pedoman pengangkatan dan
                                                                                     pemberhentian Dewan Komisaris diatur
      pengangkatan dan pemberhentian                                                 dalam Pedoman GCG Perusahaan.
      Dewan Komisaris/Dewan Pengawas.                                                Guidelines for the appointment and dismissal
      The Shareholders/GMS/Capital                                                   of the Board of Commissioners are regulated
      Owners establish guidelines for the                                            in the Company’s GMS Guidelines.
      appointment and dismissal of the Board
      of Commissioners/Supervisory Board.

23    Pemegang Saham/RUPS/Pemilik
      Modal melaksanakan penilaian
                                                                                    Penilaian calon Dewan Komisaris
                                                                                     merupakan kewenangan RUPS sesuai
      terhadap calon anggota Dewan                                                   Anggaran Dasar Perusahaan.
      Komisaris/Dewan Pengawas.                                                      The assessment of candidates for the
      The Shareholders/GMS/Capital Owners                                            Board of Commissioners is under the
      conduct assessments of candidates for the                                      authority of the GMS, in accordance with
      Board of Commissioners/Supervisory Board.                                      the Company’s Articles of Association.

24    Pemegang Saham/RUPS/Pemilik
      Modal menetapkan pengangkatan
                                                                                    Penetapan anggota Dewan
                                                                                     Komisaris dilakukan oleh RUPS
      anggota Dewan Komisaris/Dewan                                                  sesuai ketentuan yang berlaku.
      Pengawas dan komposisinya.                                                     The appointment of members of the Board
      The Shareholders/GMS/Capital                                                   of Commissioners is conducted by the GMS
      Owners determine the appointment                                               in accordance with applicable provisions.
      and composition of the Board of
      Commissioners/Supervisory Board.

25    Saham/RUPS/Pemilik Modal Pemegang
      menetapkan pengaturan mengenai
                                                                                    Ketentuan rangkap jabatan Dewan
                                                                                     Komisaris ditetapkan oleh RUPS
      rangkap jabatan bagi anggota Dewan                                             sesuai ketentuan yang berlaku.
      Komisaris/Dewan Pengawas.                                                      Provisions regarding concurrent positions
      The Shareholders/GMS/Capital Owners                                            for the Board of Commissioners are
      establish regulations regarding concurrent                                     established by the GMS in accordance
      positions (double hats) for members of the                                     with applicable regulations.
      Board of Commissioners/Supervisory Board.

26    Pemegang Saham/RUPS/Pemilik Modal
      memberhentikan anggota Dewan
                                                                                    Pemberhentian Dewan Komisaris
                                                                                     dilakukan oleh RUPS sesuai peraturan
      Komisaris/Dewan Pengawas sesuai dengan                                         perundang-undangan.
      peraturan perundang-undangan.                                                  The dismissal of the Board of Commissioners
      The Shareholders/GMS/Capital                                                   is carried out by the GMS in accordance
      Owners dismiss members of                                                      with prevailing laws and regulations.
      the Board of Commissioners/
      Supervisory Board in accordance with
      prevailing laws and regulations.

27    Saham/RUPS/Pemilik Modal
      Pemegang memberikan pengesahan
                                                                                    Pengesahan RJPP dilakukan melalui
                                                                                     keputusan RUPS sebagai bagian dari proses
      Rencana Jangka Panjang Perusahaan                                              perencanaan strategis Perusahaan.
      (RJPP) atau Revisi RJPP.                                                       The ratification of the RJPP (Long-Term
      The Shareholders/GMS/Capital Owners                                            Plan) is conducted through a GMS
      grant ratification of the Company’s Long-                                      resolution as part of the Company’s
      Term Plan (RJPP) or any revisions thereto.                                     strategic planning process.

28    Modal Pemegang Saham/RUPS/
      Pemilik memberikan pengesahan
                                                                                    RKAP ditetapkan oleh RUPS sebagai
                                                                                     dasar pelaksanaan kegiatan operasional
      Pengesahan Rencana Kerja dan                                                   dan penganggaran tahunan.
      Anggaran Perusahaan (RKAP).                                                    The RKAP (Corporate Budget Plan) is
      The Shareholders/GMS/Capital                                                   established by the GMS as the basis for
      Owners grant ratification of the                                               annual operational activities and budgeting.
      Corporate Budget Plan (RKAP).


                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   433
Page 434
        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                  Ada       Tidak                         Keterangan
                          Indicators/Parameters                 Yes       No                           Description

       29     Saham/RUPS/Pemilik Modal
              Pemegang memberikan persetujuan/
                                                                                 Persetujuan aksi korporasi diberikan oleh
                                                                                  RUPS sesuai dengan ketentuan Anggaran
              keputusan atas usulan aksi korporasi                                Dasar dan peraturan yang berlaku.
              yang perlu mendapat persetujuan/                                    Approval for corporate actions is granted
              keputusan RUPS/Pemilik Modal.                                       by the GMS in accordance with the Articles
              The Shareholders/GMS/Capital Owners                                 of Association and applicable regulations.
              provide approval or resolutions on
              proposed corporate actions that require
              GMS/Capital Owner approval.

       30     RUPS/Pemilik Modal memberikan penilaian
              terhadap kinerja Direksi dan kinerja
                                                                                 Penilaian kinerja Direksi dan Dewan
                                                                                  Komisaris dilakukan oleh RUPS sebagai
              Dewan Komisaris/Dewan Pengawas.                                     bagian dari fungsi pengawasan.
              The GMS/Capital Owners perform                                      The performance evaluation of the
              performance evaluations for both the                                Board of Directors and the Board of
              Board of Directors and the Board of                                 Commissioners is conducted by the
              Commissioners/Supervisory Board.                                    GMS as part of its oversight function.

        31    RUPS menetapkan gaji/honorarium,
              tunjangan, fasilitas dan tantiem/
                                                                                 Penetapan remunerasi dilakukan oleh
                                                                                  RUPS dengan mempertimbangkan
              insentif kinerja untuk Direksi dan                                  kinerja dan ketentuan yang berlaku.
              Dewan Komisaris/Dewan Pengawas.                                     The determination of remuneration is
              The GMS determines the salary/                                      conducted by the GMS, taking into account
              honorarium, allowances, facilities, and                             performance and applicable provisions.
              bonuses/performance incentives for
              the Board of Directors and the Board of
              Commissioners/Supervisory Board.

       32     Pemegang Saham/RUPS/Pemilik Modal
              menetapkan auditor eksternal yang
                                                                                 Penunjukan auditor eksternal dilakukan
                                                                                  melalui keputusan RUPS berdasarkan
              mengaudit Laporan Keuangan perusahaan.                              Risalah RUPS tanggal 20 Juni 2025.
              The Shareholders/GMS/Capital Owners                                 The appointment of the external
              appoint the external auditor to audit                               auditor was carried out through a GMS
              the Company’s Financial Statements.                                 resolution based on the GMS Minutes
                                                                                  of Meeting dated June 20, 2025.

       33     Saham/RUPS/Pemilik Modal Pemegang
              memberikan persetujuan laporan
                                                                                 Persetujuan laporan tahunan dan
                                                                                  laporan keuangan dilakukan oleh RUPS
              tahunan termasuk pengesahan laporan                                 sesuai ketentuan yang berlaku.
              keuangan serta tugas pengawasan                                     The approval of the annual report and
              Dewan Komisaris/Dewan Pengawas.                                     financial statements is conducted by the GMS
              The Shareholders/GMS/Capital Owners                                 in accordance with applicable regulations.
              approve the Annual Report, including
              the ratification of Financial Statements
              and the oversight duties of the Board
              of Commissioners/Supervisory Board.

       34     Pemegang Saham/RUPS/Pemilik Modal
              menetapkan penggunaan laba bersih.
                                                                                 Penggunaan laba bersih ditetapkan
                                                                                  oleh RUPS sesuai dengan kebijakan
              The Shareholders/GMS/Capital                                        dividen dan kebutuhan Perusahaan.
              Owners determine the allocation                                     The allocation of net profit is determined by
              and use of net profit.                                              the GMS in accordance with the dividend
                                                                                  policy and the Company’s requirements.

       35     Pengesahan terhadap Laporan Tahunan
              dan persetujuan terhadap Laporan
                                                                                 Proses persetujuan laporan keuangan
                                                                                  tahun buku 2025 masih dalam
              Keuangan dilaksanakan tepat waktu.                                  tahap penyelesaian audit.
              The ratification of the Annual Report and                           The approval process for the 2025 fiscal
              the approval of the Financial Statements                            year financial statements is currently
              are executed in a timely manner                                     in the audit completion stage.

       36     RUPS mengambil keputusan sesuai
              ketentuan perundang-undangan di
                                                                                 Pengambilan keputusan RUPS dilaksanakan
                                                                                  sesuai ketentuan Undang-Undang Perseroan
              bidang Perseroan Terbatas dan/atau                                  Terbatas dan Anggaran Dasar Perusahaan.
              Anggaran Dasar Perusahaan sehingga                                  GMS decision-making is executed
              menghasilkan keputusan yang sah.                                    in accordance with the Limited
              The GMS makes decisions in accordance                               Liability Company Law and the
              with the Limited Liability Company                                  Company’s Articles of Association.
              Law and/or the Company’s Articles of
              Association to produce valid resolutions.


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Tanggung Jawab Sosial dan Lingkungan (TJSL)       Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)    Consolidated Financial Statements




No                  Indikator/Parameter                       Ada         Tidak                        Keterangan
                   Indicators/Parameters                      Yes           No                         Description

37    RUPS mengambil keputusan melalui
      proses yang terbuka dan adil.
                                                                                     Proses pengambilan keputusan
                                                                                      RUPS dilaksanakan secara transparan
      The GMS reaches decisions through a                                             dan adil sesuai prinsip GCG.
      process that is transparent and fair.                                           The GMS decision-making process is
                                                                                      conducted transparently and fairly,
                                                                                      in line with GCG principles.

38    Pemegang Saham/Pemilik Modal
      memberikan arahan/pembinaan
                                                                                     Arahan Pemegang Saham terkait
                                                                                      penerapan GCG disampaikan melalui
      penerapan Tata Kelola Perusahaan                                                komunikasi resmi, termasuk surat terkait
      yang Baik kepada Direksi dan Dewan                                              pelaksanaan self-assessment GCG.
      Komisaris/Dewan Pengawas.                                                       Shareholder directives regarding GCG
      The Shareholders/Capital Owners                                                 implementation are conveyed through
      provide guidance and direction                                                  official communication, including letters
      on the implementation of Good                                                   related to GCG self-assessments.
      Corporate Governance to the
      Board of Directors and the Board of
      Commissioners/Supervisory Board.

39    Pemegang Saham/Pemilik Modal
      tidak mencampuri kegiatan
                                                                                     Pemegang Saham tidak terlibat
                                                                                      langsung dalam operasional, namun
      operasional perusahaan yang                                                     memberikan arahan strategis sesuai
      menjadi tanggung jawab Direksi.                                                 peran dan kewenangannya.
      The Shareholders/Capital Owners                                                 Shareholders are not directly involved in
      do not interfere with the company’s                                             operations but provide strategic direction
      operational activities, which are the                                           according to their roles and authority.
      responsibility of the Board of Directors.

40    Pemegang Saham/Pemilik Modal
      merespon terhadap informasi yang
                                                                                     Respons terhadap penurunan kinerja
                                                                                      merupakan kewenangan Pemegang
      diterima dari Direksi dan/atau Dewan                                            Saham sesuai mekanisme yang berlaku.
      Komisaris/Dewan Pengawas mengenai                                               Responding to performance decline falls
      gejala penurunan kinerja dan kerugian                                           under the authority of the Shareholders, in
      perusahaan yang signifikan.                                                     accordance with applicable mechanisms.
      The Shareholders/Capital Owners
      respond to information received from
      the Board of Directors and/or the Board
      of Commissioners/Supervisory Board
      regarding signs of performance decline
      or significant corporate losses.

41    Dewan Komisaris/Dewan Pengawas
      yang baru diangkat mengikuti
                                                                                     Program pengenalan bagi anggota
                                                                                      Dewan Komisaris yang baru diangkat
      program pengenalan yang                                                         dilaksanakan melalui kegiatan
      diselenggarakan oleh perusahaan.                                                orientasi dan rapat pengenalan yang
      Newly appointed members of the                                                  diselenggarakan oleh Perusahaan.
      Board of Commissioners/Supervisory                                              Induction programs for newly appointed
      Board participate in an induction                                               members of the Board of Commissioners
      program organized by the company.                                               are carried out through orientation
                                                                                      activities and introductory meetings
                                                                                      organized by the Company.

42    Komisaris/Dewan Pengawas Dewan
      melaksanakan program pelatihan dalam
                                                                                     Peningkatan kompetensi Dewan Komisaris
                                                                                      dilakukan melalui program pelatihan
      rangka meningkatkan kompetensi                                                  yang disesuaikan dengan kebutuhan
      anggota Dewan Komisaris/Dewan                                                   jabatan dan perkembangan industri.
      Pengawas sesuai kebutuhan.                                                      Competency enhancement for the Board
      The Board of Commissioners/                                                     of Commissioners is conducted through
      Supervisory Board executes training                                             training programs tailored to positional
      programs to enhance the competencies                                            needs and industry developments.
      of its members as required.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report   435
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        Ikhtisar 2025        Laporan Manajemen     Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report     About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                 Ada       Tidak                         Keterangan
                          Indicators/Parameters                Yes       No                           Description

       43     Dewan Komisaris/Dewan Pengawas
              memiliki kebijakan dan melaksanakan
                                                                                Pembagian tugas Dewan Komisaris
                                                                                 ditetapkan melalui Surat Keputusan
              pembagian diantara anggota Dewan                                   Dewan Komisaris dan didokumentasikan
              tugas Komisaris/Dewan Pengawas.                                    oleh Sekretariat Dewan Komisaris.
              The Board of Commissioners/                                        The division of duties for the Board of
              Supervisory Board maintains a policy                               Commissioners is established through
              for and implements the division                                    a Board of Commissioners’ Decree and
              of duties among its members.                                       documented by the Board’s Secretariat.

       44     Pengawas Dewan Komisaris/
              Dewan mekanisme menetapkan
                                                                                Mekanisme pengambilan keputusan
                                                                                 Dewan Komisaris mengacu pada
              pengambilan Komisaris/Dewan                                        Peraturan Menteri BUMN No. PER-03/
              keputusan Dewan Pengawas.                                          MBU/2023 tentang Organ dan SDM.
              The Board of Commissioners/                                        The decision-making mechanism of the
              Supervisory Board establishes decision-                            Board of Commissioners refers to the Minister
              making mechanisms for the Board.                                   of SOEs Regulation No. PER-03/MBU/2023
                                                                                 regarding Organs and Human Resources.

       45     Dewan Komisaris/Dewan Pengawas
              menyusun rencana kerja setiap tahun
                                                                                Rencana kerja tahunan Dewan
                                                                                 Komisaris disusun setiap tahun dan
              yang memuat sasaran/ target yang                                   dilaporkan secara tertulis kepada RUPS
              ingin dicapai dan melaporkan secara                                sebagai bentuk pertanggungjawaban
              tertulis kepada RUPS/Pemilik Modal.                                pelaksanaan fungsi pengawasan.
              The Board of Commissioners/Supervisory                             The annual work plan of the Board of
              Board prepares an annual work plan                                 Commissioners is prepared every year and
              containing targets and objectives, reporting                       reported in writing to the GMS as a form of
              it in writing to the GMS/Capital Owners.                           accountability for its oversight function.

       46     Dewan Komisaris/Dewan Pengawas
              mendapatkan akses informasi
                                                                                Akses informasi Dewan Komisaris diatur
                                                                                 dalam kebijakan sistem informasi
              perusahaan sesuai kewenangannya.                                   Perusahaan guna mendukung pelaksanaan
              The Board of Commissioners/Supervisory                             fungsi pengawasan secara efektif.
              Board is granted access to company                                 Access to information for the Board of
              information within its authority.                                  Commissioners is regulated within the
                                                                                 Company’s information system policy to
                                                                                 support an effective oversight function.

       47     Komisaris/Dewan Pengawas Dewan
              memberikan persetujuan atas rancangan
                                                                                Persetujuan atas Rencana Jangka Panjang
                                                                                 Perusahaan (RJPP) diberikan oleh Dewan
              RJPP yang disampaikan oleh Direksi.                                Komisaris sebelum diajukan kepada RUPS
              The Board of Commissioners/                                        untuk mendapatkan pengesahan.
              Supervisory Board provides approval                                The approval of the Corporate Long-
              for the draft Long-Term Plan (RJPP)                                Term Plan (RJPP) is granted by the
              submitted by the Board of Directors.                               Board of Commissioners before being
                                                                                 submitted to the GMS for ratification.

       48     Komisaris/Dewan Pengawas Dewan
              memberikan persetujuan atas rancangan
                                                                                Persetujuan atas Rencana Kerja dan
                                                                                 Anggaran Perusahaan (RKAP) diberikan oleh
              RKAP yang disampaikan oleh Direksi.                                Dewan Komisaris sebagai bagian dari proses
              The Board of Commissioners/Supervisory                             pengawasan dan pengendalian strategis.
              Board provides approval for the                                    The approval of the Corporate Budget
              draft Corporate Budget Plan (RKAP)                                 Plan (RKAP) is granted by the Board of
              submitted by the Board of Directors.                               Commissioners as part of the strategic
                                                                                 oversight and control process.

       49     Komisaris/Dewan Pengawas Dewan
              memberikan arahan tentang hal-hal
                                                                                Arahan strategis Dewan Komisaris
                                                                                 disampaikan secara tepat waktu
              penting mengenai perubahan lingkungan                              melalui tanggapan atas laporan
              bisnis yang diperkirakan akan berdampak                            manajemen dan laporan tahunan.
              besar pada usaha dan kinerja perusahaan                            Strategic direction from the Board of
              secara tepat waktu dan relevan.                                    Commissioners is delivered in a timely
              The Board of Commissioners/Supervisory                             manner through responses to management
              Board provides timely and relevant                                 reports and the annual report.
              guidance on critical matters regarding
              changes in the business environment
              expected to significantly impact the
              company’s business and performance.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                  Indikator/Parameter                      Ada         Tidak                       Keterangan
                   Indicators/Parameters                     Yes           No                        Description

50    Dewan Komisaris/Dewan Pengawas                                                 Penyampaian dan tindak lanjut atas
      dalam batas kewenangannya, merespon                                            masukan pemangku kepentingan
      saran, harapan, permasalahan dan                                               belum didokumentasikan secara
      keluhan dari Stakeholders (pelanggan,                                          tertulis kepada Dewan Komisaris.
      pemasok, kreditur, dan karyawan)                                               The submission and follow-up of stakeholder
      yang disampaikan langsung kepada                                               feedback have not yet been documented
      Dewan Komisaris/Dewan Pengawas                                                 in writing to the Board of Commissioners.
      ataupun penyampaian oleh Direksi.                                
      Within its authority, the Board of
      Commissioners/Supervisory Board
      responds to suggestions, expectations,
      issues, and complaints from Stakeholders
      (customers, suppliers, creditors, and
      employees) submitted either directly
      or via the Board of Directors

51    Komisaris/Dewan Dewan Pengawas
      memberikan arahan tentang penguatan
                                                                                    Arahan terkait pengendalian internal
                                                                                     disampaikan melalui rapat Dewan Komisaris
      sistem pengendalian intem perusahaan.                                          dan terdokumentasi dalam risalah rapat yang
      The Board of Commissioners/Supervisory                                         dikelola oleh Sekretariat Dewan Komisaris.
      Board provides guidance on strengthening                                       Guidelines regarding internal controls are
      the company’s internal control system.                                         communicated through meetings of the
                                                                                     Board of Commissioners and documented
                                                                                     in the meeting minutes maintained by the
                                                                                     Board of Commissioners’ Secretariat.

52    Dewan Komisaris/Dewan Pengawas
      memberikan arahan tentang
                                                                                    Arahan terkait manajemen risiko
                                                                                     disampaikan secara berkala melalui rapat
      manajemen risiko perusahaan.                                                   Dewan Komisaris dan Komite terkait yang
      The Board of Commissioners/                                                    membahas profil risiko Perusahaan.
      Supervisory Board provides guidance                                            Guidance on risk management is conveyed
      on the company’s risk management.                                              periodically through meetings of the Board
                                                                                     of Commissioners and related Committees
                                                                                     discussing the Company’s risk profile.

53    Dewan Komisaris/Dewan Pengawas
      memberikan arahan tentang
                                                                                    Kebijakan dan arahan terkait teknologi
                                                                                     informasi diatur dalam dokumen Kebijakan
      sistem teknologi informasi yang                                                Tata Kelola TI, Rencana Strategis TI, Tata
      digunakarı perusahaan.                                                         Kelola Data, Manual Sistem Manajemen
      The Board of Commissioners/                                                    Keamanan Informasi, Kebijakan
      Supervisory Board provides guidance                                            Pelindungan Data Pribadi serta kebijakan
      on the information technology                                                  IT pendukung/turunan lainnya
      systems utilized by the company                                                Policies and guidance regarding information
                                                                                     technology are regulated in the IT Governance
                                                                                     Policy, IT Strategic Plan, Data Governance,
                                                                                     Information Security Management System
                                                                                     Manual, Personal Data Protection Policy, and
                                                                                     other supporting or derivative IT policies.

54    Komisaris/Dewan Dewan Pengawas
      memberikan arahan tentang kebijakan
                                                                                    Arahan terkait pengembangan
                                                                                     karier disampaikan melalui forum
      dan pelaksanaan pengembangan karir.                                            rapat dan komunikasi resmi antara
      The Board of Commissioners/                                                    Dewan Komisaris dan Direksi.
      Supervisory Board provides guidance                                            Guidance regarding career development
      on career development policies                                                 is conveyed through meeting forums and
      and their implementation.                                                      official communication between the Board of
                                                                                     Commissioners and the Board of Directors.




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   437
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        Ikhtisar 2025        Laporan Manajemen     Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report     About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                 Ada       Tidak                         Keterangan
                          Indicators/Parameters                Yes       No                           Description

       55     Dewan Komisaris/Dewan Pengawas
              memberikan arahan tentang kebijakan
                                                                                Dewan Komisaris memberikan arahan
                                                                                 terkait kebijakan akuntansi yang
              akuntarisi dan penyusunan laporan                                  digunakan oleh Perusahaan.
              keuangan sesuai dengan standar akuntansi                           The Board of Commissioners provides
              yang berlaku umum di Indoriesia (SAK).                             guidance regarding the accounting
              The Board of Commissioners/Supervisory                             policies utilized by the Company.
              Board provides guidance on accounting
              policies and the preparation of financial
              statements in accordance with Indonesian
              Financial Accounting Standards (SAK).

       56     Komisaris/Dewan Dewan memberikan
              arahan tentarig pengadaan dan
                                                                                Arahan terkait pengadaan disampaikan
                                                                                 melalui rapat Dewan Komisaris dan
              pelaksanaannya. Pengawas kebijakan                                 terdokumentasi dalam risalah rapat yang
              The Board of Commissioners/Supervisory                             dikelola oleh Sekretariat Dewan Komisaris.
              Board provides guidance on procurement                             Guidance on procurement is conveyed
              policies and their execution.                                      through meetings of the Board of
                                                                                 Commissioners and is documented in the
                                                                                 minutes of meetings managed by the
                                                                                 Secretariat of the Board of Commissioners.

       57     Komisaris/Dewan Pengawas Dewan
              memberikan arahan teritang
                                                                                Arahan terkait kebijakan mutu dan
                                                                                 pelayanan disampaikan melalui forum
              kebijakanı mutu dan pelayanan serta                                rapat dan terdokumentasi dalam
              pelaksanaan kebijakan tersebut.                                    administrasi Sekretariat Dewan Komisaris.
              The Board of Commissioners/Supervisory                             Guidance on quality and service policies is
              Board provides guidance on quality                                 conveyed through meeting forums and is
              and service policies as well as the                                documented in the administration of the
              implementation of such policies.                                   Secretariat of the Board of Commissioners.

       58     Komisaris/Dewan Pengawas Dewan
              mengawasi dan memantau kepatuhan
                                                                                Pengawasan terhadap kepatuhan
                                                                                 Direksi dilakukan melalui mekanisme
              Direksi dalam menjalankan peraturan                                rapat dan evaluasi berkala yang
              perundangan yang berlaku dan                                       didokumentasikan dalam risalah rapat.
              perjanjian dengan pihak ketiga.                                    Oversight of the Board of Directors’
              The Board of Commissioners/Supervisory                             compliance is conducted through meeting
              Board oversees and monitors the                                    mechanisms and periodic evaluations
              Board of Directors’ compliance in                                  documented in the minutes of meetings.
              observing prevailing laws, regulations,
              and agreements with third parties.

       59     Komisaris/Dewan Pengawas Dewan
              mengawasi dan memantau kepatuhan
                                                                                Pengawasan terhadap pelaksanaan
                                                                                 RKAP dan RJPP dilakukan melalui
              Direksi dalam menjalankan perusahaan                               evaluasi kinerja Direksi secara berkala.
              sesuai RKAP dan/atau RJPP.                                         Oversight of the implementation of
              The Board of Commissioners/Supervisory                             the RKAP and RJPP is conducted
              Board oversees and monitors the Board                              through periodic performance
              of Directors’ compliance in managing                               evaluations of the Board of Directors.
              the company in accordance with
              the RKAP (Corporate Budget Plan)
              and/or RJPP (Long-Term Plan).

       60     Komisaris/Dewan Pengawas Dewan
              memberikan persetujuan atas
                                                                                Persetujuan atas transaksi atau tindakan
                                                                                 tertentu diberikan sesuai dengan
              transaksi atau tindakan dalam lingkup                              kewenangan Dewan Komisaris sebagaimana
              kewenangan Dewan Komisaris/Dewan                                   diatur dalam Anggaran Dasar Perusahaan.
              Pengawas atau RUPS/Pemilik Modal.                                  Approval for specific transactions or actions
              The Board of Commissioners/Supervisory                             is granted in accordance with the authority
              Board grants approval for transactions or                          of the Board of Commissioners as stipulated
              actions within the scope of authority of                           in the Company’s Articles of Association.
              the Board of Commissioners/Supervisory
              Board or the GMS/Capital Owners.




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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                  Indikator/Parameter                      Ada         Tidak                        Keterangan
                   Indicators/Parameters                     Yes           No                         Description

61    Dewan Komisaris/Dewan Pengawas
      (berdasarkan usul dari Komite Audit)
                                                                                    Pengajuan calon auditor eksternal
                                                                                     dilakukan berdasarkan rekomendasi
      mengajukan calon Auditor Ekstemal                                              Komite Audit dan disampaikan kepada
      kepada RUPS/Pemilik Modal.                                                     RUPS untuk mendapatkan persetujuan.
      The Board of Commissioners/Supervisory                                         The proposal of external auditor
      Board (based on recommendations                                                candidates is conducted based on the
      from the Audit Committee) proposes                                             Audit Committee’s recommendation and
      external auditor candidates to                                                 submitted to the GMS for approval.
      the GMS/Capital Owners.

62    Komisaris/Dewan Dewan Pengawas
      memastikan audit eksternal dan audit
                                                                                    Efektivitas audit internal dan eksternal
                                                                                     dipastikan melalui persetujuan
      internal dilaksanakan secara efektif serta                                     Piagam Audit Internal serta evaluasi
      melaksanakan telaah atas pengaduan yang                                        berkala atas pelaksanaan audit.
      berkaitan dengan BUMN yang diterima                                            The effectiveness of internal and external
      oleh Dewan Komisaris/Dewan Pengawas.                                           audits is ensured through the approval
      The Board of Commissioners/Supervisory                                         of the Internal Audit Charter and periodic
      Board ensures that external and internal                                       evaluations of audit execution.
      audits are conducted effectively and
      performs reviews of complaints related
      to the SOE received by the Board.

63    Komisaris/Dewan Dewan Pengawas
      melaporkan dengan segera kepada RUPS/
                                                                                    Pelaporan kepada RUPS dilakukan melalui
                                                                                     penyampaian tanggapan dan rekomendasi
      Pemilik Modal apabila terjadi gejala                                           atas kinerja Direksi dalam forum resmi.
      menurunnya kinerja perusahaan serta                                            Reporting to the GMS is conducted by
      saran- saran yang telah disampaikan                                            submitting responses and recommendations
      kepada Direksi untuk memperbaiki                                               regarding the Board of Directors’
      permasalahan yanag dihadapi.                                                   performance in official forums.
      The Board of Commissioners/Supervisory
      Board promptly reports to the GMS/Capital
      Owners any signs of declining corporate
      performance, along with recommendations
      previously submitted to the Board of
      Directors to rectify the issues faced.

64    Pengawas Dewan Komisaris/Dewan
      terhadap melaksanakan pengawasan
                                                                                    Pengawasan terhadap anak perusahaan
                                                                                     dilakukan melalui mekanisme koordinasi
      pengelolaan anak kebijakan perusahaan/                                         dan pelaporan yang tersedia.
      perusahaan patungan dan pelaksanaannya.                                        Oversight of subsidiaries is conducted
      The Board of Commissioners/Supervisory                                         through available coordination
      Board oversees the management policies                                         and reporting mechanisms.
      and implementation of subsidiaries
      and joint venture companies.

65    Peran Dewan Komisaris/Dewan Pengawas
      dalam pemilihan calon anggota Direksi
                                                                                    Peran Dewan Komisaris dalam pemilihan
                                                                                     organ anak perusahaan dilakukan sesuai
      dan Dewan Komisaris Anak Perusahaan                                            kebijakan dan mekanisme yang berlaku.
      perusahaan/perusahaan patungan.                                                The role of the Board of Commissioners
      The role of the Board of Commissioners/                                        in the selection of subsidiary organs
      Supervisory Board in the selection of                                          is carried out in accordance with
      candidates for the Board of Directors and                                      applicable policies and mechanisms.
      Board of Commissioners of subsidiaries
      and joint venture companies.

66    Pengawas Dewan Komisaris/
      Dewan mengusulkan calon anggota
                                                                                    Pengusulan calon Direksi kepada Pemegang
                                                                                     Saham dilakukan sesuai dengan ketentuan
      Direksi kepada Pemegang Saham/                                                 dan proses seleksi yang berlaku.
      Pemilik Modal sesuai kebijakan dan                                             The proposal of candidates for the Board of
      kriteria seleksi yang ditetapkan.                                              Directors to the Shareholders is conducted
      The Board of Commissioners/Supervisory                                         in accordance with the applicable
      Board proposes candidates for the                                              provisions and selection processes.
      Board of Directors to the Shareholders/
      Capital Owners in accordance with
      established policies and selection criteria.




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   439
Page 440
        Ikhtisar 2025        Laporan Manajemen        Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report        About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                    Ada       Tidak                         Keterangan
                          Indicators/Parameters                   Yes       No                           Description

       67     Dewan Komisaris/Dewan Pengawas
              menilai Direksi dan melaporkan
                                                                                   Penilaian kinerja Direksi dilakukan
                                                                                    secara berkala dan dilaporkan
              hasil penilaian tersebut kepada                                       kepada Pemegang Saham sebagai
              Pemegang Saham/Pemilik Modal.                                         bagian dari fungsi pengawasan.
              The Board of Commissioners/Supervisory                                The performance evaluation of the Board
              Board assesses the Board of Directors                                 of Directors is conducted periodically
              and reports the assessment results to                                 and reported to the Shareholders as
              the Shareholders/Capital Owners.                                      part of the oversight function.


       68     Komisaris/Dewan Pengawas Dewan
              mengusulkan remunerasi Direksi
                                                                                   Usulan remunerasi Direksi disampaikan
                                                                                    oleh Dewan Komisaris kepada RUPS
              sesuai ketentuan yang berlaku                                         dengan mempertimbangkan kinerja
              dan penilaian kinerja Direksi.                                        dan ketentuan yang berlaku.
              The Board of Commissioners/Supervisory                                The proposal for the Board of Directors’
              Board proposes the remuneration for the                               remuneration is submitted by the Board
              Board of Directors in accordance with                                 of Commissioners to the GMS, considering
              applicable regulations and the Board                                  performance and applicable regulations.
              of Directors’ performance evaluation.

       69     Memiliki komisaris/Pengawas Dewan
              kebijakan benturan kepentingan
                                                                                   Kebijakan benturan kepentingan
                                                                                    diatur dalam pedoman tata kelola
              dan melaksanakan secara                                               dan didokumentasikan oleh
              konsisten kebijakan tersebut.                                         Sekretariat Dewan Komisaris.
              The Board of Commissioners/Supervisory                                The conflict of interest policy is
              Board has a conflict of interest policy and                           regulated in the governance guidelines
              implements said policy consistently.                                  and documented by the Secretariat
                                                                                    of the Board of Commissioners.

       70     Komisaris/Dewan Pengawas Dewan
              memastikan prinsip-prinsip Tata Kelola
                                                                                   Pengawasan atas penerapan GCG dilakukan
                                                                                    secara berkelanjutan melalui evaluasi dan
              Perusahaan yang Baik telah diterapkan                                 koordinasi dengan Direksi serta unit terkait.
              secara efektif dari berkelanjutan.                                    Oversight of GCG implementation is
              The Board of Commissioners/Supervisory                                conducted on an ongoing basis through
              Board ensures that the principles                                     evaluation and coordination with the
              of Good Corporate Governance are                                      Board of Directors and related units.
              implemented effectively and sustainably.

        71    Komisaris/Dewan Pengawas Dewan
              melakukan pengukuran dan
                                                                                   Penilaian kinerja Dewan Komisaris
                                                                                    mengacu pada Peraturan Menteri
              penilaian terhadap kinerja Dewan                                      BUMN No. PER-2/MBU/03/2023.
              Komisaris/Dewan Pengawas.                                             The performance assessment of the Board
              The Board of Commissioners/Supervisory                                of Commissioners refers to the Minister of
              Board performs measurement and                                        SOEs Regulation No. PER-2/MBU/03/2023.
              assessment of the performance of the
              Board of Commissioners/Supervisory Board.

       72     Dewan Komisaris/Dewan Pengawas
              memiliki pedoman/tata tertib
                                                                                   Pedoman tata tertib rapat Dewan Komisaris
                                                                                    diatur dalam Pedoman GCG Perusahaan
              Rapat Dewan Komisaris/Dewan                                           yang telah ditetapkan secara resmi.
              Pengawas yang memadai.                                                The rules of conduct for Board
              The Board of Commissioners/                                           of Commissioners meetings are
              Supervisory Board has adequate                                        regulated in the officially established
              guidelines/rules of conduct (Charter)                                 Corporate GCG Guidelines.
              for Board of Commissioners/
              Supervisory Board Meetings.

       73     Rapat Dewan Komisaris/Dewan Pengawas
              diadakan secara berkala sesuai ketentuan
                                                                                   Pelaksanaan rapat Dewan Komisaris
                                                                                    mengacu pada Anggaran Dasar
              yang berlaku dan/atau anggaran dasar.                                 Perusahaan dan ketentuan yang berlaku.
              Board of Commissioners/Supervisory                                    The execution of Board of Commissioners
              Board Meetings are held periodically in                               meetings refers to the Company’s Articles
              accordance with applicable regulations                                of Association and applicable regulations.
              and/or the Articles of Association.




440   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                   Indikator/Parameter                     Ada          Tidak                       Keterangan
                    Indicators/Parameters                    Yes           No                         Description

74    Komisaris/Dewan Pengawas Dewan
      melakukan evaluasi terhadap pelaksanaan
                                                                                    Evaluasi atas tindak lanjut keputusan
                                                                                     rapat dilakukan secara berkala
      keputusan hasil rapat sebelumnya.                                              dan dituangkan dalam tanggapan
      The Board of Commissioners/Supervisory                                         Dewan Komisaris kepada Direksi.
      Board evaluates the implementation of                                          The evaluation of follow-up actions on
      resolutions from previous meetings.                                            meeting resolutions is conducted periodically
                                                                                     and outlined in the Board of Commissioners’
                                                                                     responses to the Board of Directors.

75    Sekretariat Dewan Komisaris/Dewan
      Pengawas memiliki uraian tugas yang jelas.
                                                                                    Uraian tugas Sekretariat Dewan Komisaris
                                                                                     diatur dalam Peraturan Menteri BUMN No.
      The Secretariat of the Board of                                                PER-03/MBU/2023 tentang Organ dan SDM.
      Commissioners/Supervisory Board                                                The job description of the Secretariat of
      has a clear job description.                                                   the Board of Commissioners is regulated
                                                                                     in the Minister of SOEs Regulation
                                                                                     No. PER-03/MBU/2023 regarding
                                                                                     Organs and Human Resources.

76    Sekretariat Dewan Komisaris/Dewan
      Pengawas melakukan administrasi
                                                                                    Administrasi dan pengelolaan dokumen
                                                                                     Dewan Komisaris dilakukan secara sistematis
      dan penyimpanan dokumen.                                                       melalui media digital dan arsip fisik.
      The Secretariat of the Board of                                                The administration and management of
      Commissioners/Supervisory Board                                                the Board of Commissioners’ documents
      performs administration and                                                    are carried out systematically through
      document storage/archiving.                                                    digital media and physical archives.


77    Komisaris/Dewan Sekretaris Dewan
      Pengawas menyelenggarakan rapat
                                                                                    Penyelenggaraan rapat Dewan Komisaris
                                                                                     dan pertemuan dengan Direksi, Pemegang
      Dewan Komisaris/Dewan Pengawas                                                 Saham, serta pihak terkait dilaksanakan
      dan rapat/pertemuan antara Dewan                                               secara terjadwal dan terdokumentasi.
      Komisaris/Dewan Pengawas dengan                                                The organization of Board of Commissioners
      Pemegang Saham/Pemilik Modal, Direksi                                          meetings and encounters with the
      maupun pihak-pihak terkait lainnya.                                            Board of Directors, Shareholders, and
      The Secretary to the Board of                                                  relevant parties is conducted on a
      Commissioners/Supervisory Board                                                scheduled and documented basis.
      organizes Board of Commissioners
      meetings and meetings/encounters
      between the Board of Commissioners
      and Shareholders, the Board of Directors,
      as well as other relevant parties.

78    Sekretaris Dewan Komisaris/Dewan
      Pengawas menyediakan data/
                                                                                    Penyediaan data dan informasi dilakukan
                                                                                     secara tepat waktu untuk mendukung
      informasi yang diperlukan oleh Dewan                                           pelaksanaan fungsi pengawasan
      Komisaris/Dewan Pengawas dan                                                   Dewan Komisaris dan komite.
      komite-komite di lingkungan Dewan                                              The provision of data and information is
      Komisaris/ Dewan Pengawas.                                                     carried out in a timely manner to support
      The Secretary to the Board of                                                  the oversight functions of the Board of
      Commissioners/Supervisory Board                                                Commissioners and its committees.
      provides the necessary data/
      information required by the Board of
      Commissioners and its committees.

79    Dewan Komisaris/Dewan Pengawas
      memiliki Komite Dewan Komisaris/
                                                                                    Pembentukan komite Dewan Komisaris
                                                                                     dilakukan sesuai ketentuan peraturan
      Dewan Pengawas sesuai dengan                                                   perundang-undangan dan kebutuhan
      ketentuan perundang- undangan                                                  pengawasan Perusahaan.
      yang berlaku dan kebutuhan Dewan                                               The formation of the Board of Commissioners’
      Komisaris/Dewan Pengawas.                                                      committees is conducted in accordance
      The Board of Commissioners/Supervisory                                         with prevailing laws and regulations
      Board has Board Committees in accordance                                       and the Company’s oversight needs.
      with prevailing laws and regulations and
      the needs of the Board of Commissioners.




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report    441
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        Ikhtisar 2025        Laporan Manajemen          Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report          About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                      Ada       Tidak                         Keterangan
                          Indicators/Parameters                     Yes       No                           Description

       80     Komposisi keanggotaan yang mendukung
              pelaksanaan fungsi Komite dan
                                                                                     Komposisi keanggotaan komite
                                                                                      ditetapkan sesuai ketentuan yang
              independensi dari masing-masing Komite                                  berlaku guna menjaga independensi
              Dewan Komisaris/Dewan Pengawas.                                         dan efektivitas pelaksanaan tugas.
              The membership composition supports the                                 The membership composition of the
              implementation of Committee functions                                   committees is established in accordance
              and ensures the independence of each                                    with applicable provisions to maintain
              Board of Commissioners Committee.                                       independence and effective task execution.

        81    Komite Dewan Komisaris/Dewan
              Pengawas memiliki piagam/charter
                                                                                     Piagam komite dan program kerja tahunan
                                                                                      telah ditetapkan sebagai pedoman
              dan program kerja tahunan.                                              pelaksanaan tugas masing-masing komite.
              The Board of Commissioners                                              Committee charters and annual work
              Committees have a charter and                                           programs have been established as guidelines
              an annual work program.                                                 for the execution of each committee’s duties.

       82     Komite Dewan Komisaris/Dewan Pengawas
              melaksanakan pertemuan rutin sesuai
                                                                                     Rapat komite dilaksanakan secara berkala
                                                                                      sesuai program kerja tahunan serta
              dengan program kerja tahunan serta                                      penugasan dari Dewan Komisaris.
              melakukan kegiatan lain yang ditugaskan                                 Committee meetings are held
              Dewan Komisaris/ Dewan Pengawas.                                        periodically in accordance with the
              The Board of Commissioners Committees                                   annual work program and assignments
              hold routine meetings in accordance                                     from the Board of Commissioners.
              with the annual work program and
              perform other activities assigned
              by the Board of Commissioners.

       83     Komite Dewan Komisaris/Dewan
              Pengawas melaporkan kegiatan dan hasil
                                                                                     Laporan kegiatan dan hasil penugasan
                                                                                      komite disampaikan secara
              penugasan yang diterimanya kepada                                       berkala kepada Dewan Komisaris
              Dewan Komisaris/Dewan Pengawas.                                         sebagai bentuk akuntabilitas.
              The Board of Commissioners                                              Activity reports and committee assignment
              Committees report their activities                                      results are submitted periodically to the Board
              and the results of their assignments                                    of Commissioners as a form of accountability.
              to the Board of Commissioners.

       84     Direksi yang baru diangkat
              mengikuti program pengenalan yang
                                                                                     Program pengenalan Direksi diatur
                                                                                      dalam Board of Directors Charter sebagai
              diselenggarakan oleh perusahaan.                                        bagian dari proses orientasi jabatan.
              Newly appointed Directors                                               The induction program for the Board
              participate in an induction program                                     of Directors is regulated in the Board
              organized by the company.                                               of Directors Charter as part of the
                                                                                      position orientation process.

       85     Direksi melaksanakan program pelatihan
              dalam rangka meningkatkan kompetensi
                                                                                     Peningkatan kompetensi Direksi
                                                                                      dilaksanakan melalui program pelatihan
              anggota Direksi sesuai kebutuhan.                                       yang disesuaikan dengan kebutuhan
              The Board of Directors executes training                                organisasi dan perkembangan industri.
              programs to enhance the competencies                                    Competency enhancement for the Board
              of its members as required.                                             of Directors is implemented through
                                                                                      training programs tailored to organizational
                                                                                      needs and industry developments.

       86     Direksi menetapkan struktur/
              susunan organisasi yang sesuai
                                                                                     Struktur organisasi Perusahaan ditetapkan
                                                                                      dan disajikan dalam Laporan Tahunan
              dengan kebutuhan perusahaan.                                            dan Laporan Keberlanjutan Tahun 2025.
              The Board of Directors establishes                                      The Company’s organizational structure
              an organizational structure that                                        is established and presented in the 2025
              suits the needs of the company.                                         Annual Report and Sustainability Report.

       87     Direksi menetapkan kebijakan-
              kebijakan operasional dan standard
                                                                                     Kebijakan operasional dan SOP
                                                                                      ditetapkan dalam Board of Directors
              operasional baku (SOP) untuk proses                                     Charter sebagai pedoman pelaksanaan
              bisnis inti (core business) perusahaan.                                 kegiatan usaha Perusahaan.
              The Board of Directors establishes                                      Operational policies and SOPs are established
              operational policies and Standard                                       in the Board of Directors Charter as guidelines
              Operating Procedures (SOPs) for the                                     for the Company’s business activities.
              company’s core business processes.




442   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                  Indikator/Parameter                      Ada         Tidak                        Keterangan
                   Indicators/Parameters                     Yes           No                         Description

88    Direksi menetapkan mekanisme
      pengambilan keputusan atas
                                                                                    Mekanisme pengambilan keputusan
                                                                                     Direksi diatur dalam Board of
      tindakan perusahaan (corporate                                                 Directors Charter sesuai ketentuan
      action) sesuai ketentuan perundang-                                            peraturan perundang-undangan.
      undangan dan tepat waktu.                                                      The Board of Directors’ decision-making
      The Board of Directors establishes                                             mechanism is regulated in the Board
      decision-making mechanisms for                                                 of Directors Charter in accordance with
      corporate actions in a timely manner and                                       prevailing laws and regulations.
      in accordance with legal provisions.

89    Direksi memiliki Rencana Jangka
      Panjang (RJPP) yang disahkan
                                                                                    Rencana Jangka Panjang Perusahaan (RJPP)
                                                                                     telah disusun dan disahkan oleh RUPS
      oleh RUPS/Pemilik Modal.                                                       sebagai pedoman strategis jangka panjang.
      The Board of Directors has a                                                   The Corporate Long-Term Plan (RJPP)
      Long-Term Plan (RJPP) ratified                                                 has been prepared and ratified by the
      by the GMS/Capital Owners.                                                     GMS as a long-term strategic guideline.


90    Direksi memiliki Rencana Kerja dan
      Anggaran Perusahaan (RKAP) yang
                                                                                    RKAP ditetapkan oleh RUPS sebagai dasar
                                                                                     pelaksanaan kegiatan operasional dan
      disahkan oleh RUPS/Menteri/Pemilik Modal.                                      penganggaran tahunan Perusahaan.
      The Board of Directors has a Corporate                                         The RKAP (Corporate Budget Plan) is
      Budget Plan (RKAP) ratified by the                                             established by the GMS as the basis
      GMS/Minister/Capital Owners.                                                   for the Company’s annual operational
                                                                                     activities and budgeting.

91    Direksi menempatkan karyawan
      pada semua tingkatan jabatan
                                                                                    Penempatan karyawan dan rencana suksesi
                                                                                     jabatan diatur dalam kebijakan manajemen
      sesuai dengan spesifikasi jabatan                                              sumber daya manusia Perusahaan.
      dan memiliki rencana suksesi untuk                                             Employee placement and succession
      seluruh jabatan dalam perusahaan.                                              planning are regulated within the Company’s
      The Board of Directors places employees                                        human resource management policies.
      at all levels in accordance with job
      specifications and maintains a succession
      plan for all positions within the company.

92    Direksi merespons peluang bisnis
      yang berpotensi meningkatkan
                                                                                    Respons Direksi terhadap peluang bisnis
                                                                                     diatur dalam kebijakan kerja sama
      kinerja Perusahaan.                                                            dan optimalisasi aset Perusahaan.
      The Board of Directors responds to                                             Respons Direksi terhadap peluang bisnis
      business opportunities with the potential                                      diatur dalam kebijakan kerja sama
      to enhance the Company’s performance.                                          dan optimalisasi aset Perusahaan.

93    Direksi merespon isu-isu terkini dari
      eksternal mengenai perubahan
                                                                                    Respons terhadap dinamika lingkungan
                                                                                     bisnis dilakukan melalui kebijakan
      lingkungan bisnis dan permasalahannya,                                         strategis yang mengatur optimalisasi
      secara tepat waktu dan relevan.                                                aset dan kerja sama usaha.
      The Board of Directors responds to current                                     The Board of Directors’ response to business
      external issues regarding changes in the                                       opportunities is governed by the Company’s
      business environment and their challenges                                      cooperation and asset optimization policies.
      in a timely and relevant manner.

94    Direksi melaksanakan program/kegiatan
      sesuai dengan RKAP dan mengambil
                                                                                    Pelaksanaan program kerja Direksi
                                                                                     mengacu pada RKAP dan didukung
      keputusan yang diperlukan setelah melalui                                      oleh proses pengambilan keputusan
      analisis yang memadai dan tepat waktu.                                         berbasis analisis yang komprehensif.
      The Board of Directors executes programs/                                      Responsiveness to business environment
      activities in accordance with the RKAP                                         dynamics is executed through strategic
      and makes necessary decisions based                                            policies governing asset optimization
      on adequate and timely analysis.                                               and business partnerships.




                                                                                      PT Angkasa Pura Indonesia 2025 Annual Report   443
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        Ikhtisar 2025        Laporan Manajemen        Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report        About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                    Ada       Tidak                         Keterangan
                          Indicators/Parameters                   Yes       No                           Description

       95     Direksi memiliki sistem/pedoman
              pengukuran dan penilaian kinerja
                                                                                   Sistem penilaian kinerja karyawan diatur
                                                                                    dalam kebijakan penilaian kinerja yang
              untuk unit dan jabatan dalam                                          diterapkan secara objektif dan transparan.
              organisasi (struktural) yang diterapkan                               The implementation of the Board of
              secara objektif dan transparan.                                       Directors’ work programs refers to the
              The Board of Directors maintains                                      RKAP and is supported by a comprehensive
              performance measurement and                                           analysis-based decision-making process.
              assessment systems/guidelines
              for units and positions within the
              organizational structure, applied
              objectively and transparently.

       96     Direksi menetapkan target kinerja
              berdasarkan RKAP dan diturunkan
                                                                                   Penetapan target kinerja dilakukan
                                                                                    berdasarkan RKAP dan diturunkan ke
              secara berjenjang di tingkat unit,                                    seluruh unit organisasi secara berjenjang.
              sub unit dan jabatan di dalam                                         The employee performance appraisal system
              organisasi (struktural) di organisasi.                                is regulated under performance assessment
              The Board of Directors sets performance                               policies applied objectively and transparently.
              targets based on the RKAP, which are
              cascaded down to units, sub-units, and
              structural positions within the organization.

       97     Direksi melakukan analisis dan
              evaluasi terhadap capaian kinerja
                                                                                   Evaluasi kinerja Direksi dan unit
                                                                                    organisasi dilakukan secara berkala dan
              untuk jabatan/unit-unit di bawah                                      dikoordinasikan oleh unit terkait.
              Direksi dan tingkat perusahaan.                                       Performance targets are established
              The Board of Directors conducts                                       based on the RKAP and cascaded
              analysis and evaluation of performance                                down to all organizational units.
              achievements for units/positions reporting
              to the Board and at the corporate level.

       98     Direksi melaporkan pelaksanaan
              sistem manajemen kinerja kepada
                                                                                   Pelaporan sistem manajemen kinerja
                                                                                    disampaikan kepada Dewan Komisaris
              Dewan Komisaris/Dewan Pengawas.                                       melalui laporan manajemen secara berkala.
              The Board of Directors reports the                                    Performance evaluations of the
              implementation of the performance                                     Board of Directors and organizational
              management system to the Board of                                     units are conducted periodically and
              Commissioners/Supervisory Board.                                      coordinated by the relevant units.

       99     Direksi menyusun dan menyampaikan
              kepada RUPS/Pemilik Modal tentang
                                                                                   Penetapan insentif kinerja Direksi
                                                                                    merupakan kewenangan RUPS
              usulan insentif kinerja untuk Direksi.                                sesuai ketentuan yang berlaku.
              The Board of Directors prepares and                                   Reporting on the performance
              submits proposals for performance                                     management system is submitted to
              incentives for the Board of Directors                                 the Board of Commissioners through
              to the GMS/Capital Owners.                                            periodic management reports.

       100    Direksi menerapkan sistem tentang
              teknologi informasi sesuai dengan
                                                                                   Penerapan sistem teknologi informasi
                                                                                    diatur dalam Kebijakan Tata Kelola TI,
              kebijakan yang telah ditetapkan.                                      Rencana Strategis TI, Tata Kelola Data,
              The Board of Directors implements                                     Manual Sistem Manajemen Keamanan
              information technology systems in                                     Informasi, Kebijakan Pelindungan Data
              accordance with established policies.                                 Pribadi serta kebijakan IT pendukung/
                                                                                    turunan lainnya dan dievaluasi melalui
                                                                                    Laporan Kematangan IT (IT Maturity Level)
                                                                                    The implementation of information
                                                                                    technology systems is regulated by the
                                                                                    IT Governance Policy, IT Strategic Plan,
                                                                                    Data Governance, Information Security
                                                                                    Management System Manual, Personal
                                                                                    Data Protection Policy, and other
                                                                                    supporting IT policies, and is evaluated
                                                                                    through IT Maturity Level reports.




444   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                   Indikator/Parameter                     Ada          Tidak                       Keterangan
                    Indicators/Parameters                    Yes           No                         Description

101   Direksi melaksanakan sistem peningkatan
      mutu produk dan pelayanan.
                                                                                    Peningkatan mutu produk dan
                                                                                     pelayanan dilaksanakan melalui program
      The Board of Directors executes systems for                                    IMPACX serta pemantauan Voice of
      product quality and service improvement.                                       Customer sebagai bagian dari upaya
                                                                                     peningkatan kualitas layanan.
                                                                                     Product and service quality improvements
                                                                                     are executed through the IMPACX program
                                                                                     and Voice of Customer monitoring as part
                                                                                     of service quality enhancement efforts.

102   Direksi melaksanakan pengadaan
      barang dan jasa yang menguntungkan
                                                                                    Pelaksanaan pengadaan barang dan jasa
                                                                                     merupakan fungsi unit kerja Procurement
      bagi perusahaan, baik harga maupun                                             sesuai ketentuan internal dan memerlukan
      kualitas barang dan jasa tersebut.                                             koordinasi dengan unit terkait.
      The Board of Directors conducts                                                The procurement of goods and services
      procurement of goods and services                                              is a function of the Procurement unit in
      that benefit the company in terms                                              accordance with internal regulations and
      of both price and quality.                                                     requires coordination with relevant units.

103   Direksi mengembangkan SDM, menilai
      kinerja dan memberikan remunerasi
                                                                                    Pengelolaan SDM dilaksanakan mengacu
                                                                                     pada Board of Directors Charter yang
      yang layak, dan membangun                                                      mengatur pengembangan kompetensi,
      lingkungan SDM yang efektif                                                    penilaian kinerja, dan sistem remunerasi.
      mendukung pencapaian perusahaan.                                               Human resource management is executed
      The Board of Directors develops human                                          with reference to the Board of Directors
      resources, assesses performance,                                               Charter, which governs competency
      provides fair remuneration, and                                                development, performance appraisal,
      fosters an effective HR environment                                            and the remuneration system.
      to support company achievements.

104   Direksi menerapkan kebijakan
      pengaturan untuk anak perusahaan
                                                                                    Kebijakan pengelolaan anak
                                                                                     perusahaan diatur dalam dokumen
      (subsidiary governance) dan/                                                   internal yang mengatur hubungan
      atau perusahaan patungan.                                                      dan pengawasan terhadap entitas
      The Board of Directors implements                                              anak dan perusahaan patungan.
      policies for subsidiary governance and/                                        Subsidiary management policies are
      or joint venture management.                                                   regulated in internal documents governing
                                                                                     the relationship with and oversight
                                                                                     of subsidiaries and joint ventures.

105   Direksi menerapkan kebijakan akuntansi
      dan penyusunan laporan keuangan sesuai
                                                                                    Penerapan kebijakan akuntansi
                                                                                     dan penyusunan laporan keuangan
      dengan standar akuntansi keuangan                                              mengacu pada Standar Akuntansi
      yang berlaku umum di Indonesia (SAK).                                          Keuangan yang berlaku di Indonesia.
      The Board of Directors applies accounting                                      The application of accounting policies
      policies and prepares financial statements                                     and the preparation of financial
      in accordance with Indonesian Financial                                        statements refer to the Indonesian
      Accounting Standards (SAK).                                                    Financial Accounting Standards (SAK).

106   Direksi menerapkan manajemen
      risiko sesuai dengan kebijakan
                                                                                    Penerapan manajemen risiko dilakukan
                                                                                     melalui pemantauan profil risiko
      yang telah ditetapkan.                                                         Perusahaan dan implementasi kebijakan
      The Board of Directors implements                                              manajemen risiko secara berkelanjutan.
      risk management in accordance                                                  Risk management implementation is
      with established policies.                                                     carried out through monitoring the
                                                                                     Company’s risk profile and the ongoing
                                                                                     implementation of risk management policies.




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   445
Page 446
        Ikhtisar 2025        Laporan Manajemen         Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report         About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                     Ada       Tidak                         Keterangan
                          Indicators/Parameters                    Yes       No                           Description

       107    Direksi menetapkan dan menerapkan
              sistem pengendalian intern untuk
                                                                                    Sistem pengendalian intern dikelola
                                                                                     oleh fungsi Internal Audit dan
              melindungi dan mengamankan                                             Enterprise Risk Management sesuai
              investasi dan aset perusahaan.                                         struktur organisasi Perusahaan.
              The Board of Directors establishes                                     The internal control system is managed
              and implements internal control                                        by the Internal Audit and Enterprise Risk
              systems to protect and secure                                          Management functions in accordance with
              company investments and assets.                                        the Company’s organizational structure.

       108    Direksi menindaklanjuti hasil pemeriksaan
              SPI dan auditor eksternal (KAP dan BPK).
                                                                                    Tindak lanjut atas hasil audit internal
                                                                                     dan eksternal dilaksanakan melalui
              The Board of Directors follows up                                      penyampaian instruksi tindak lanjut serta
              on the findings from the Internal                                      koordinasi dengan unit Internal Audit.
              Audit Unit (SPI) and external auditors                                 Follow-up actions on internal and
              (Public Accounting Firm/KAP and the                                    external audit findings are executed
              Audit Board of Indonesia/BPK).                                         through follow-up instructions and
                                                                                     coordination with the Internal Audit unit.

       109    Direksi menetapkan mekanisme
              untuk menjaga kepatuhan terhadap
                                                                                    Fungsi kepatuhan dilaksanakan
                                                                                     oleh unit Legal and Compliance
              peraturan perundang-undangan dan                                       sesuai kebijakan Perusahaan.
              perjanjian dengan pihak ketiga.                                        The compliance function is carried out
              The Board of Directors establishes                                     by the Legal and Compliance unit in
              mechanisms to ensure compliance                                        accordance with Company policies.
              with prevailing laws, regulations, and
              agreements with third parties.

       110    Perusahaan menjalankan peraturan
              perundang-undangan yang berlaku
                                                                                    Kepatuhan terhadap peraturan dan
                                                                                     perjanjian dilaksanakan oleh unit Legal and
              dan perjanjian dengan pihak ketiga.                                    Compliance sesuai ketentuan yang berlaku.
              The Company complies with                                              Compliance with regulations and agreements
              prevailing laws, regulations, and                                      is executed by the Legal and Compliance unit
              agreements with third parties.                                         in accordance with applicable provisions.

        111   Pelaksanaan hubungan dengan pelanggan.
              Implementation of customer relations.
                                                                                    Hubungan dengan pelanggan dilaksanakan
                                                                                     melalui kegiatan engagement,
                                                                                     termasuk penyelenggaraan event
                                                                                     dan survei kepuasan pelanggan.
                                                                                     Customer relations are implemented
                                                                                     through engagement activities, including
                                                                                     events and customer satisfaction surveys.

       112    Pelaksanaan hubungan dengan pemasok.
              Implementation of supplier relations.
                                                                                    Hubungan dengan pemasok
                                                                                     dilaksanakan melalui mekanisme kerja
                                                                                     sama dan pengelolaan hubungan
                                                                                     bisnis yang profesional.
                                                                                     Supplier relations are implemented through
                                                                                     cooperation mechanisms and professional
                                                                                     business relationship management.

       113    Pelaksanaan hubungan dengan kreditur.
              Implementation of creditor relations.
                                                                                    Hubungan dengan kreditur dilaksanakan
                                                                                     melalui pemenuhan covenant kredit,
                                                                                     termasuk DSCR minimal 1,00x dan DER
                                                                                     maksimal 2,00x sesuai perjanjian kredit.
                                                                                     Creditor relations are maintained by fulfilling
                                                                                     credit covenants, including a minimum
                                                                                     DSCR of 1.00x and a maximum DER of
                                                                                     2.00x as stipulated in credit agreements.


       114    Pelaksanaan kewajiban kepada Negara
              Implementation of obligations to the State.
                                                                                    Perusahaan memenuhi kewajiban kepada
                                                                                     negara dengan kontribusi sebesar Rp3,79
                                                                                     triliun pada tahun 2025 sebagaimana
                                                                                     tercantum dalam laporan manajemen.
                                                                                     The Company fulfilled its obligations to the
                                                                                     state with a contribution of Rp3.79 trillion in
                                                                                     2025, as stated in the management report.




446   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 447
 Tanggung Jawab Sosial dan Lingkungan (TJSL)        Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)     Consolidated Financial Statements




No                   Indikator/Parameter                        Ada         Tidak                       Keterangan
                    Indicators/Parameters                       Yes           No                         Description

115    Pelaksanaan hubungan dengan
       karyawan perusahaan.
                                                                                       Hubungan industrial dilaksanakan
                                                                                        melalui forum LKS Bipartit antara
       Implementation of relations                                                      manajemen dan perwakilan karyawan.
       with company employees.                                                          Industrial relations are implemented
                                                                                        through the Bipartit LKS forum between
                                                                                        management and employee representatives.

116    Terdapat prosedur tertulis
       menampung dan menindaklanjuti
                                                                                       Prosedur pengelolaan keluhan
                                                                                        pemangku kepentingan diatur dalam
       keluhan-keluhan stakeholders.                                                    kebijakan internal Perusahaan.
       There are written procedures to                                                  Stakeholder complaint management
       accommodate and follow up on                                                     procedures are regulated within the
       stakeholder complaints.                                                          Company’s internal policies.

117    Upaya untuk meningkatkan
       nilai Pemegang Saham secara
                                                                                       Peningkatan nilai Pemegang Saham
                                                                                        dilakukan melalui penetapan target kinerja
       konsisten dan berkelanjutan.                                                     yang selaras dengan aspirasi Pemegang
       Efforts to consistently and sustainably                                          Saham dan strategi Perusahaan.
       enhance Shareholder value.                                                       The enhancement of Shareholder value
                                                                                        is executed by setting performance
                                                                                        targets aligned with Shareholder
                                                                                        aspirations and Corporate strategy.

118    Perusahaan melaksanakan tanggung
       jawab sosial perusahaan untuk mendukung
                                                                                       Pelaksanaan CSR dilakukan secara
                                                                                        berkelanjutan dan dilaporkan dalam
       keberlanjutan operasi perusahaan.                                                laporan manajemen CSR tahun 2025.
       The Company carries out corporate                                                CSR implementation is conducted
       social responsibility to support the                                             sustainably and is documented in the
       sustainability of company operations.                                            2025 CSR management report.


119    Direksi menetapkan kebijakan tentang
       mekanisme bagi Direksi dan pejabat
                                                                                       Kebijakan pencegahan benturan kepentingan
                                                                                        diatur dalam Board Manual sebagai
       struktural untuk mencegah pengambilan                                            bagian dari pedoman GCG Perusahaan.
       keuntungan pribadi dan pihak lainnya                                             Conflict of interest prevention policies
       disebabkan benturan kepentingan.                                                 are regulated in the Board Manual as
       The Board of Directors establishes policies                                      part of the Company’s GCG guidelines.
       regarding mechanisms for Directors and
       structural officials to prevent personal
       gain and other parties’ advantages
       caused by conflicts of interest.

120    Direksi menerapkan kebijakan
       mencegah benturan kepentingan.
                                                                                       Implementasi kebijakan benturan
                                                                                        kepentingan diatur dalam Pedoman
       The Board of Directors implements                                                Etika Perusahaan yang berlaku.
       policies to prevent conflicts of interest.                                       The implementation of conflict of
                                                                                        interest policies is governed by the
                                                                                        prevailing Corporate Code of Ethics.

121    Direksi wajib melaporkan informasi
       perusahaan yang relevan, seperti
                                                                                       Penyampaian laporan manajemen
                                                                                        dilakukan secara berkala dengan
       laporan manajemen triwulanan dan                                                 mekanisme yang telah ditetapkan dan
       tahunan, kepada Pemegang Saham dan                                               ditandatangani oleh pihak terkait.
       Dewan Komisaris secara tepat waktu.                                              Management reports are submitted
       Proses penyampaian laporan ini harus                                             periodically through established mechanisms
       diserahkan kepada Dewan Komisaris                                                and are signed by the relevant parties.
       terlebih dahulu sebelum ke Pemegang
       Saham, serta wajib dilengkapi dengan
       tanda tangan lengkap dari seluruh
       pihak terkait sesuai jenis laporannya.
       The Board of Directors is required to report
       relevant company information, such
       as quarterly and annual management
       reports, to the Shareholders and the
       Board of Commissioners in a timely
       manner. The report submission process
       must be presented to the Board of
       Commissioners prior to the Shareholders
       and must be signed in full by all relevant
       parties according to the type of report.

                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report   447
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        Ikhtisar 2025        Laporan Manajemen      Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report      About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                  Ada       Tidak                         Keterangan
                          Indicators/Parameters                 Yes       No                           Description

       122    Direksi memberikan perlakukan yang sama
              (fairness) dalam memberikarı informasi
                                                                                 Penyampaian informasi kepada
                                                                                  Pemegang Saham dan Dewan
              kepada Pemegang Saham dan anggota                                   Komisaris dilakukan secara adil dan
              Dewan Komisaris/Dewan Pengawas.                                     transparan sesuai Board Manual.
              The Board of Directors provides equal                               The provision of information to Shareholders
              treatment (fairness) in providing                                   and the Board of Commissioners is
              information to Shareholders                                         conducted fairly and transparently in
              and members of the Board of                                         accordance with the Board Manual.
              Commissioners/Supervisory Board.

       123    Direksi memiliki pedoman/tata tertib
              Rapat Direksi, minimal mengatur
                                                                                 Tata tertib rapat Direksi diatur dalam
                                                                                  pedoman internal yang mengatur etika,
              etika rapat dan penyusunan risalah                                  risalah, dan tindak lanjut rapat.
              rapat, evaluasi tindak serta lanjut hasil                           Rules of conduct for Board of
              rapat sebelumnya, pembahasan atas                                   Directors meetings are regulated in
              arahan/usulan dan/atau keputusan                                    internal guidelines covering ethics,
              Dewan Komisaris/Dewan Pengawas.                                     minutes, and meeting follow-ups.
              The Board of Directors has Board Meeting
              guidelines/rules of conduct, which at
              a minimum regulate meeting ethics,
              minutes preparation, evaluation of follow-
              up actions from previous meetings, and
              discussions regarding directives/proposals
              and/or resolutions from the Board of
              Commissioners/Supervisory Board.

       124    Direksi menyelenggarakan Rapat
              Direksi sesuai kebutuhan, paling
                                                                                 Rapat Direksi diselenggarakan
                                                                                  minimal satu kali setiap bulan sesuai
              sedikit sekali dalam setiap bulan.                                  ketentuan dalam Board Manual.
              The Board of Directors holds                                        Board of Directors meetings are held at
              Board Meetings as needed, at                                        least once a month in accordance with
              least once every month.                                             the provisions in the Board Manual.

       125    Anggota Direksi menghadiri setiap
              rapat Direksi maupun rapat Direksi &
                                                                                 Kehadiran Direksi dalam rapat diatur
                                                                                  dalam Board Manual sebagai bagian
              Komisaris, jika tidak dapat hadir yang                              dari akuntabilitas jabatan.
              bersangkutan harus menjelaskan                                      The attendance of Directors at meetings
              alasan ketidakhadirannya.                                           is regulated in the Board Manual as
              Members of the Board of Directors attend                            part of positional accountability.
              every Board meeting and joint Board
              & Commissioners meeting; if unable to
              attend, the respective member must
              explain the reason for their absence.

       126    Direksi melakukan evaluasi
              terhadap pelaksanaan keputusan
                                                                                 Evaluasi tindak lanjut keputusan
                                                                                  rapat dilakukan secara berkala
              hasil rapat sebelumnya.                                             sesuai pedoman rapat Direksi.
              The Board of Directors evaluates                                    Evaluation of follow-up actions on
              the implementation of resolutions                                   meeting resolutions is conducted
              from previous meetings.                                             periodically according to the Board
                                                                                  of Directors’ meeting guidelines.

       127    Direksi menindaklanjuti arahan,
              dan/atau keputusan Dewan
                                                                                 Tindak lanjut atas arahan Dewan
                                                                                  Komisaris dilaksanakan sesuai
              Komisaris/Dewan Pengawas.                                           mekanisme tata kelola Perusahaan.
              The Board of Directors follows up on the                            Follow-up on directives from the Board of
              directives and/or resolutions of the Board                          Commissioners is executed according to
              of Commissioners/Supervisory Board.                                 the Company’s governance mechanisms.

       128    Perusahaan memiliki Piagam Pengawasan
              Intern yang ditetapkan oleh Direksi.
                                                                                 Piagam Audit Internal dikelola
                                                                                  oleh unit Internal Audit.
              The Company has an Internal Audit Charter                           The Internal Audit Charter is managed
              established by the Board of Directors.                              by the Internal Audit unit.

       129    SPI/Fungsi Audit Internal dilengkapi
              dengan faktor-faktor pendukung
                                                                                 Pelaksanaan fungsi audit internal
                                                                                  didukung oleh pedoman dan
              keberhasilan dalam pelaksanaan tugasnya.                            petunjuk teknis yang memadai.
              The Internal Audit Unit (SPI)/Internal Audit                        The execution of the internal audit
              Function is equipped with success factors                           function is supported by adequate
              to support the execution of its duties.                             guidelines and technical instructions.


448   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                   Indikator/Parameter                     Ada          Tidak                        Keterangan
                    Indicators/Parameters                    Yes           No                          Description

130   SPI melaksanakan pengawasan intern
      untuk memberikan nilai tambah dan
                                                                                    Pengawasan internal dilaksanakan melalui
                                                                                     Program Kerja Audit Tahunan (PKAT) untuk
      memperbaiki operasional perusahaan.                                            meningkatkan efektivitas operasional.
      The Internal Audit Unit (SPI) performs                                         Internal oversight is conducted through
      internal oversight to provide added value                                      the Annual Audit Work Plan (PKAT) to
      and improve company operations.                                                enhance operational effectiveness.

131   Sekretaris Perusahaan dilengkapi
      dengan keberhasilan pendukung
                                                                                    Kinerja Sekretaris Perusahaan diukur
                                                                                     melalui KPI yang ditetapkan oleh Direksi.
      faktor-faktor pelaksanaan tugasnya.                                            The performance of the Corporate
      The Corporate Secretary is equipped                                            Secretary is measured through KPIs
      with success factors to support                                                established by the Board of Directors.
      the execution of their duties.

132   Sekretaris Perusahaan
      menjalankan fungsinya.
                                                                                    Pelaksanaan fungsi Sekretaris
                                                                                     Perusahaan mengacu pada KPI dan
      The Corporate Secretary performs                                               kebijakan internal Perusahaan.
      their designated functions.                                                    The execution of the Corporate
                                                                                     Secretary’s function refers to the KPIs
                                                                                     and the Company’s internal policies.

133   Direksi mengevaluasi kualitas
      fungsi Sekretaris Perusahaan.
                                                                                    Evaluasi dilakukan oleh Direksi sesuai
                                                                                     ketentuan dalam Board Manual.
      The Board of Directors evaluates the quality                                   Evaluations are conducted by the
      of the Corporate Secretary function.                                           Board of Directors in accordance with
                                                                                     the provisions in the Board Manual.

134   Direksi menyelenggarakan RUPS
      sesuai dengan prosedur yang
                                                                                    Penyelenggaraan RUPS dilaksanakan
                                                                                     sesuai Anggaran Dasar dan peraturan
      ditetapkan dalam Anggaran Dasar dan                                            perundang-undangan.
      peraturan perundang- undangan.                                                 The organization of the GMS is conducted in
      The Board of Directors organizes the                                           accordance with the Articles of Association
      GMS in accordance with the procedures                                          and prevailing laws and regulations.
      stipulated in the Articles of Association
      and prevailing laws and regulations.

135   Direksi menyediakan akses serta
      penjelasan lengkap dan informasi akurat
                                                                                    Penyediaan informasi kepada Pemegang
                                                                                     Saham dilakukan secara transparan
      berkenaan dengan penyelenggaraan                                               untuk mendukung pengambilan
      RUPS agar dapat melaksanakan hak-                                              keputusan dalam RUPS.
      haknya berdasarkan anggaran dasar                                              The provision of information to Shareholders
      dan peraturan perundang- undangan.                                             is conducted transparently to support
      The Board of Directors provides access                                         decision-making during the GMS.
      as well as complete explanations and
      accurate information regarding the GMS
      to enable Shareholders to exercise their
      rights based on the Articles of Association
      and prevailing laws and regulations.

136   Perusahaan menetapkan sistem dan
      prosedur pengendalian informasi
                                                                                    Pengendalian informasi diatur dalam
                                                                                     pedoman pelayanan informasi publik
      perusahaan untuk mengamankan                                                   dan komunikasi perusahaan.
      informasi perusahaan yang penting.                                             Information control is regulated within
      The Company establishes systems                                                the public information service and
      and procedures for controlling                                                 corporate communications guidelines.
      company information to secure
      critical corporate information.

137   Tingkat kepatuhan perusahaan
      yang memadai terhadap kebijakan
                                                                                    Kepatuhan terhadap pengendalian informasi
                                                                                     dilakukan melalui penerapan kebijakan
      pengendalian informasi perusahaan.                                             dan evaluasi internal Perusahaan.
      The Company maintains an                                                       Compliance with information control is
      adequate level of compliance with                                              maintained through the implementation
      information control policies.                                                  of policies and internal evaluations.




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   449
Page 450
        Ikhtisar 2025        Laporan Manajemen          Tentang Perusahaan     Diskusi dan Analisis Manajemen            Tata Kelola Perusahaan
        2025 Highlights      Management Report          About the Company      Management Discussion and Analysis        Corporate Governance




       No                 Indikator/Parameter                      Ada       Tidak                         Keterangan
                          Indicators/Parameters                     Yes       No                           Description

       138    Terdapat media untuk penyediaan
              Informasi Publik agar dapat diperoleh
                                                                                     Penyediaan informasi publik dilakukan
                                                                                      melalui website dan media sosial Perusahaan.
              dengan cepat dan tepat waktu,                                           The provision of public information is
              biaya ringan, dan cara sederhana.                                       conducted through the Company’s
              There are media channels for providing                                  website and social media channels.
              Public Information so it can be
              obtained quickly, timely, at a low cost,
              and through simple methods.

       139    Website perusahaan
              mempublikasikan kebijakan dan
                                                                                     Informasi tata kelola dan kebijakan
                                                                                      Perusahaan dipublikasikan melalui
              informasi penting perusahaan.                                           website resmi Perusahaan.
              The Company website publishes                                           Governance information and
              corporate policies and important                                        Company policies are published via
              company information.                                                    the Company’s official website.

       140    Perusahaan menyediakan media lain
              untuk mengkomunikasikan kebijakan
                                                                                     Penyampaian informasi internal
                                                                                      dilakukan melalui media komunikasi
              informasi penting perusahaan.                                           seperti email kepada karyawan.
              The Company provides other                                              Internal information is disseminated
              media to communicate important                                          through communication media
              information policies.                                                   such as employee emails.

       141    Informasi yang disediakan dalam
              website Perusahaan dan bumn.
                                                                                     Pembaruan informasi pada website
                                                                                      dilakukan secara berkala dengan
              go.id dimutahirkan secara berkala.                                      dukungan unit teknologi informasi.
              Information provided on the                                             Information updates on the website are
              Company website and bumn.                                               performed periodically with the support
              go.id is updated periodically.                                          of the information technology unit.

       142    Tingkat kemudahan akses terhadap
              kebijakan dan informasi penting
                                                                                     Akses informasi disediakan melalui
                                                                                      website Perusahaan dengan struktur
              perusahaan yang disediakan                                              yang memudahkan pengguna.
              dalam website perusahaan.                                               Information access is provided
              The level of accessibility to corporate                                 through the Company’s website
              policies and critical information                                       with a user-friendly structure.
              provided on the company website.

       143    Laporan Tahunan memenuhi ketentuan
              umum penyajian Laporan Tahunan.
                                                                                     Penyusunan Laporan Tahunan
                                                                                      telah mengacu pada ketentuan
              The Annual Report complies with                                         penyajian yang berlaku.
              the general requirements for                                            The preparation of the Annual Report refers
              Annual Report presentation.                                             to the prevailing presentation requirements.

       144    Laporan Tahunan memuat mengenai
              Ikhtisar Data Keuangan Penting.
                                                                                     Ikhtisar data keuangan disajikan dalam
                                                                                      laporan keuangan konsolidasian tahun 2025.
              The Annual Report includes a                                            The financial highlights are presented within
              Financial Highlights section.                                           the 2025 consolidated financial statements.

       145    Laporan Tahunan memuat
              Laporan Dewan Komisaris/Dewan
                                                                                     Laporan Dewan Komisaris dan Direksi
                                                                                      disajikan dalam Laporan Tahunan
              Pengawas dan Laporan Direksi.                                           sebagai bentuk akuntabilitas kinerja.
              The Annual Report contains the                                          The Reports of the Board of Commissioners
              Report of the Board of Commissioners/                                   and the Board of Directors are presented
              Supervisory Board and the Report                                        in the Annual Report as a form of
              of the Board of Directors.                                              performance accountability.

       146    Laporan Tahunan memuat profil
              perusahaan secara lengkap
                                                                                     Profil Perusahaan disajikan secara
                                                                                      lengkap dalam Laporan Tahunan
              The Annual Report provides a                                            sesuai ketentuan yang berlaku.
              comprehensive Company Profile.                                          The Company Profile is presented
                                                                                      comprehensively in the Annual Report in
                                                                                      accordance with applicable regulations.




450   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
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 Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
 Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




No                   Indikator/Parameter                      Ada         Tidak                        Keterangan
                    Indicators/Parameters                     Yes           No                         Description

147    Laporan Tahunan memuat
       bagian tersendiri Analisa dan
                                                                                     Analisis dan pembahasan
                                                                                      manajemen disajikan dalam laporan
       Pembahasan mengenai Manajemen                                                  manajemen tahun 2025.
       atas Kinerja Perusahaan.                                                       Management’s discussion and analysis are
       The Annual Report includes a                                                   presented in the 2025 management report.
       dedicated section for Management’s
       Discussion and Analysis (MD&A) of
       the Company’s Performance.

148    Laporan Tahunan memuat pengungkapan
       praktik Tata Kelola Perusahaan yang Baik.
                                                                                     Pengungkapan praktik GCG mencakup kode
                                                                                      etik, audit, dan sistem pelaporan pelanggaran.
       The Annual Report contains disclosures on                                      Disclosures of GCG practices cover the code of
       Good Corporate Governance practices.                                           ethics, audits, and the whistleblowing system.


149    Laporan Tahunan memuat bagian
       tersendiri mengenai Laporan Keuangan.
                                                                                     Laporan keuangan disajikan dalam bagian
                                                                                      tersendiri dalam Laporan Tahunan.
       The Annual Report includes a dedicated                                         Financial statements are presented in a
       section for the Financial Statements.                                          dedicated section within the Annual Report.

150    Perusahaan mengikuti Annual
       Report Award (ARA).
                                                                                     Perusahaan belum mengikuti Annual
                                                                                      Report Award pada tahun pelaporan.
       The Company participates in the                                                The Company did not participate
       Annual Report Award (ARA).                                                     in the Annual Report Award (ARA)
                                                                                      during the reporting year.

151    Perusahaan memperoleh
       penghargaan atau award lainnya.
                                                                                     Perusahaan memperoleh berbagai
                                                                                      penghargaan yang didokumentasikan
       The Company has received                                                       dalam data pencapaian kinerja.
       other accolades or awards.                                                     The Company received various
                                                                                      awards, which are documented in the
                                                                                      performance achievement data.

152    Perusahaan memiliki bidang/area yang
       menjadi best practices di Industrinya
                                                                                     Belum terdapat aktivitas benchmarking
                                                                                      dari pihak eksternal terhadap fungsi
       atau menjadi tujuan benchmark bagi                                             tertentu dalam Perusahaan.
       perusahaan lain (baik bagi BUMN maupun                                         There have been no external
       perusahaan swasta). Bidang/area tersebut                                       benchmarking activities regarding
       dapat terdiri dari produk, proses, fungsi                                      specific functions within the Company.
       pendukung, kinerja organisasi, dan strategi.
       The Company possesses fields or areas
       that serve as best practices within the
       industry or act as benchmarking targets for
       other companies (both SOEs and private
       enterprises). These areas may include
       products, processes, support functions,
       organizational performance, and strategy.

153    Terdapat penyimpangan dari prinsip
       Tata Kelola Perusahaan yang baik.
                                                                                     Tidak terdapat penyimpangan dari
                                                                                      prinsip Tata Kelola Perusahaan
       There are deviations from the principles                                       yang Baik selama tahun 2025.
       of Good Corporate Governance.                                                  There were no deviations from
                                                                                      the principles of Good Corporate
                                                                                      Governance throughout 2025.




                                                                                       PT Angkasa Pura Indonesia 2025 Annual Report    451
Page 452
             06                Tanggung Jawab Sosial
                               dan Lingkungan (TJSL)
                               Social and Environmental Responsibility (TJSL)




452   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 453
PT Angkasa Pura Indonesia 2025 Annual Report   453
Page 454
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan       Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company        Management Discussion and Analysis   Corporate Governance




      Informasi kegiatan Perusahaan terkait tanggung jawab           Information on the Company’s activities related to social
      sosial dan lingkungan (TJSL) akan disampaikan pada             and environmental responsibility (TJSL) will be presented
      Laporan Keberlanjutan 2025, yang diterbitkan dalam             in the 2025 Sustainability Report, which will be published
      buku terpisah dan dalam waktu yang bersamaan dengan            in a separate book and at the same time as this Annual
      Laporan Tahunan ini, sesuai dengan ketentuan yang              Report, in accordance with the provisions stated in OJK
      tertera dalam Surat Edaran OJK No. 16/SEOJK.04/2021.           Circular Letter No. 16/SEOJK.04/2021. The information
      Informasi yang tercantum dalam Laporan Tahunan ini dan         contained in this Annual Report and in the 2025
      dalam Laporan Keberlanjutan 2025 merupakan bagian              Sustainability Report are inseparable and complementary
      yang tidak dapat dipisahkan dan saling melengkapi.             parts.




454   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 455
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   455
Page 456
              07                Laporan Keuangan
                                Konsolidasian
                                Consolidated Financial Statements




456   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 457
PT Angkasa Pura Indonesia 2025 Annual Report   457
Page 458
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




                             PT Angkasa Pura Indonesia
                             dan ent it as anaknya/
                             and it s subsidiary

                             Laporan keuangan konsolidasian tanggal 31 Desember 2025
                             dan untuk tahun yang berakhir pada tanggal tersebut
                             beserta laporan auditor independen/
                             Consolidated financial statements as of December 31, 2025
                             and for the year then ended
                             with independent auditor’s report




458   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 459
Tanggung Jawab Sosial dan Lingkungan (TJSL)         Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)      Consolidated Financial Statements




                                                                                   The original consolidated financial statements included herein are in
                                                                                                                              the Indonesian language.

           PT ANGKASA PURA INDONESIA                                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARY
        LAPORAN KEUANGAN KONSOLIDASIAN                                                  CONSOLIDATED FINANCIAL STATEMENTS
            TANGGAL 31 DESEMBER 2025                                                           AS OF DECEMBER 31, 2025
         DAN UNTUK TAHUN YANG BERAKHIR                                                            AND FOR THE YEAR
             PADA TANGGAL TERSEBUT                                                                   THEN ENDED
       BESERTA LAPORAN AUDITOR INDEPENDEN                                               WITH INDEPENDENT AUDITOR’S REPORT


                               Daftar Isi                                                              Table of Contents


                                                                   Halaman/
                                                                    Page

Surat Pernyataan Direksi                                                                                        Directors’ Statement Letter

Laporan Auditor Independen                                                                                   Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian .........................        1-3     ............Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                                                            Consolidated Statement of Profit or Loss and
    Komprehensif Lain Konsolidasian .............................      4-6     ..............................Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian .....................           7      ...........Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian .....................................   8-9     ..................... Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan Konsolidasian .............. 10-250 ........Notes to the Consolidated Financial Statements




                                                          ************************




                                                                                         PT Angkasa Pura Indonesia 2025 Annual Report                      459
Page 460
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




460   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 461
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   461
Page 462
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




462   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 463
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   463
Page 464
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




464   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 465
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   465
Page 466
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




466   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 467
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   467
Page 468
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




468   Laporan Tahunan 2025 PT Angkasa Pura Indonesia
Page 469
Tanggung Jawab Sosial dan Lingkungan (TJSL)      Laporan Keuangan Konsolidasian
Social and Environmental Responsibility (TJSL)   Consolidated Financial Statements




                                                                                     PT Angkasa Pura Indonesia 2025 Annual Report   469
Page 470
                                                                                  The original consolidated financial statements included herein are in
                                                                                                                             the Indonesian language.


                PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
                    DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
                 LAPORAN POSISI KEUANGAN                                                   CONSOLIDATED STATEMENT OF
                        KONSOLIDASIAN                                                           FINANCIAL POSITION
                   Tanggal 31 Desember 2025                                                    As of December 31, 2025
                (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
                    Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

                                          31 Desember 2025/        Catatan/      31 Desember 2024/
                                          December 31, 2025         Notes        December 31, 2024


ASET                                                                                                                                      ASSETS

ASET LANCAR                                                                                                               CURRENT ASSETS
Kas dan setara kas                                  6.771.631      4,41,45                9.602.734                  Cash and cash equivalents
Kas yang dibatasi
   penggunaannya                                            -      5,41,45                  385.215                               Restricted cash
Investasi jangka pendek                               121.531      6,41,45                  109.994                       Short-term investments
Piutang usaha -                                                                                                              Trade receivables -
   bagian lancar                                    1.610.563      7,41,45                1.321.365                            current portion
Piutang lain-lain                                     275.602      8,41,45                  178.447                            Other receivables
Persediaan                                             24.866         9                      22.542                                   Inventories
Pajak dibayar di muka                                  10.513        12a                          -                                Prepaid taxes
Uang muka dan                                                                                                                      Advances and
   biaya dibayar di muka                               19.984        10                      25.895                        prepaid expenses
Aset kontrak                                          335.342       11,45                   264.262                               Contract assets
Aset lancar lainnya                                    14.819                                15.807                         Other current assets

JUMLAH ASET LANCAR                                  9.184.851                           11.926.261                 TOTAL CURRENT ASSETS


ASET TIDAK LANCAR                                                                                                     NON-CURRENT ASSETS
Piutang usaha -                                                                                                              Trade receivables -
   bagian tidak lancar                                381.688      7,41,45                  390.830                      non-current portion
Estimasi tagihan                                                                                                            Estimated claims for
   restitusi pajak                                  1.200.814        12b                 1.123.290                                 tax refund
Investasi jangka panjang                           10.973.685       13,45                5.101.281                      Long-term investments
Aset pajak tangguhan                                  123.555        12f                    90.672                          Deferred tax assets
Properti investasi                                    394.997        14                    148.326                        Investment properties
Aset tetap                                         67.344.034        15                 66.817.938                                  Fixed assets
Aset hak-guna                                         854.294        16a                   476.332                           Right-of-use assets
Aset takberwujud                                       86.959        17                     68.796                             Intangible assets
Aset tidak lancar lainnya                              28.212        18                     25.262                     Other non-current assets

JUMLAH ASET                                                                                                             TOTAL NON-CURRENT
  TIDAK LANCAR                                     81.388.238                           74.242.727                               ASSETS

JUMLAH ASET                                        90.573.089                           86.168.988                               TOTAL ASSETS




      Catatan atas laporan keuangan konsolidasian terlampir                 The accompanying notes to the consolidated financial statements form
  merupakan bagian integral dari laporan keuangan konsolidasian.                 an integral part of these consolidated financial statements.


                                                                      1
Page 471
                                                                                  The original consolidated financial statements included herein are in
                                                                                                                             the Indonesian language.


                PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
                    DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
                 LAPORAN POSISI KEUANGAN                                                   CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                 FINANCIAL POSITION (continued)
                   Tanggal 31 Desember 2025                                                    As of December 31, 2025
                (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
                    Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


                                          31 Desember 2025/        Catatan/      31 Desember 2024/
                                          December 31, 2025         Notes        December 31, 2024


LIABILITAS DAN EKUITAS                                                                                               LIABILITIES AND EQUITY

LIABILITAS                                                                                                                            LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                                CURRENT LIABILITIES
Utang usaha                                           308.197      19,41,45                 427.631                              Trade payables
Beban akrual                                        3.768.473       21,45                 3.025.535                           Accrued expenses
Utang pajak                                           363.640        12c                    226.391                               Taxes payable
Liabilitas tunjangan hari tua                                                                                           Retirement and pension
   dan dana pensiun                                    65.389        23                      62.925                            fund liabilities
Liabilitas kontrak                                    224.080       22,45                   234.769                            Contract liabilities
Liabilitas imbalan kerja                                                                                                  Short-term employee
   karyawan jangka pendek                             857.380      27a,45                   413.638                          benefit liabilities
Liabilitas jangka panjang
   yang jatuh tempo                                                                                              Current maturities of long-term
   dalam waktu satu tahun:                                                                                                         liabilities:
   Utang bank dan lembaga
      keuangan lainnya                                                                                             Long-term bank and other
      jangka panjang                                3.727.676      24,41,45               4.014.128             financial institutions loans
   Utang obligasi dan sukuk                         2.302.000        25,45                  159.000                Bonds payable and sukuk
   Liabilitas sewa                                    107.974       16b,45                  104.550                            Lease liabilities
Liabilitas jangka pendek lainnya                    1.995.096      20,41,45               2.218.696                       Other current liabilities

JUMLAH LIABILITAS                                                                                                             TOTAL CURRENT
  JANGKA PENDEK                                    13.719.905                           10.887.263                              LIABILITIES


LIABILITAS JANGKA PANJANG                                                                                        NON-CURRENT LIABILITIES
Liabilitas jangka panjang setelah
   dikurangi bagian yang jatuh                                                                                       Long-term liabilities - net of
   tempo dalam waktu satu tahun:                                                                                          current maturities:
   Utang bank dan lembaga
      keuangan lainnya                                                                                             Long-term bank and other
      jangka panjang                               28.251.828      24,41,45             31.948.330              financial institutions loans
   Utang obligasi dan sukuk                         4.607.246        25,45               6.905.087                 Bonds payable and sukuk
   Liabilitas sewa                                    878.209       16b,45                 618.530                             Lease liabilities
Liabilitas pajak tangguhan                            946.940         12f                  408.105                         Deferred tax liabilities
Liabilitas imbalan kerja karyawan                   2.378.320         27b                2.165.878                  Employee benefits liabilities
Liabilitas jangka panjang lainnya                   2.549.173        26,45               3.015.642                   Other non-current liabilities

JUMLAH LIABILITAS                                                                                                       TOTAL NON-CURRENT
  JANGKA PANJANG                                   39.611.716                           45.061.572                            LIABILITIES

JUMLAH LIABILITAS                                  53.331.621                           55.948.835                          TOTAL LIABILITIES




      Catatan atas laporan keuangan konsolidasian terlampir                 The accompanying notes to the consolidated financial statements form
  merupakan bagian integral dari laporan keuangan konsolidasian.                 an integral part of these consolidated financial statements.


                                                                      2
Page 472
                                                                               The original consolidated financial statements included herein are in
                                                                                                                          the Indonesian language.


               PT ANGKASA PURA INDONESIA                                                PT ANGKASA PURA INDONESIA
                   DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARY
                LAPORAN POSISI KEUANGAN                                                 CONSOLIDATED STATEMENT OF
                 KONSOLIDASIAN (lanjutan)                                               FINANCIAL POSITION (continued)
                  Tanggal 31 Desember 2025                                                  As of December 31, 2025
               (Disajikan dalam Jutaan Rupiah,                                          (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)



                                         31 Desember 2025/        Catatan/    31 Desember 2024/
                                         December 31, 2025         Notes      December 31, 2024


LIABILITAS                                                                                                                  LIABILITIES
  DAN EKUITAS (lanjutan)                                                                                      AND EQUITY (continued)

EKUITAS                                                                                                                                 EQUITY

Ekuitas yang dapat                                                                                                        Equity attributable
  diatribusikan kepada                                                                                                        to owner of
  pemilik entitas induk                                                                                                 the parent entity
Modal saham - nilai nominal                                                                                      Share capital - par value of
  Rp1.000.000 (nilai penuh)                                                                                   Rp1,000,000 (full amount)
  per saham                                                                                                                      per share
  masing-masing untuk                                                                                      for A Series Dwiwarna share
  saham Seri A Dwiwarna                                                                                                      and B Series
  dan saham Seri B                                                                                                   shares, respectively
  Modal dasar -                                                                                                       Authorized capital -
        63.886.608 saham,                                                                                         63,886,608 shares,
        terdiri dari 2 saham                                                                                    consists of 2 A Series
        Seri A Dwiwarna dan                                                                                     Dwiwarna shares and
        63.886.606 saham                                                                                                    63,886,606
        Seri B                                                                                                         B Series shares
  Modal ditempatkan dan                                                                                                        Issued and
        disetor penuh -                                                                                              fully paid capital -
        25.251.253 saham,                                                                                         25,251,253 shares,
        terdiri dari 2 saham                                                                                    consists of 2 A Series
        Seri A Dwiwarna dan                                                                                     Dwiwarna shares and
        25.251.251 saham Seri B                   25.251.253       1e,28             25.251.253           25,251,251 B Series shares
Tambahan modal disetor                              (925.600)     1c,1d,1e             (925.600)                   Additional paid-in capital
Modal disetor lainnya                                903.986         29                 903.986                          Other paid-in capital
Komponen ekuitas lainnya                             359.828         31                 359.828                    Other equity components
Selisih ekuitas entitas anak                         (26.317)                           (26.317)              Equity difference of subsidiary
Saldo laba:                                                                                                                Retained earnings:
  Ditentukan penggunaannya                        18.235.924        30                18.235.924                             Appropriated
  Belum ditentukan penggunaannya                  (4.980.044)       30               (11.984.433)                          Unappropriated
Penghasilan komprehensif lain                     (1.629.577)                         (1.644.582)             Other comprehensive income

Jumlah ekuitas yang                                                                                                             Total equity
  dapat diatribusikan                                                                                           attributable to owner of
  kepada pemilik entitas induk                    37.189.453                         30.170.059                         the parent entity

Kepentingan nonpengendali                              52.015                             50.094                     Non-controlling interests

JUMLAH EKUITAS                                    37.241.468                         30.220.153                               TOTAL EQUITY

JUMLAH LIABILITAS                                                                                                        TOTAL LIABILITIES
  DAN EKUITAS                                     90.573.089                         86.168.988                            AND EQUITY




     Catatan atas laporan keuangan konsolidasian terlampir               The accompanying notes to the consolidated financial statements form
 merupakan bagian integral dari laporan keuangan konsolidasian.               an integral part of these consolidated financial statements.


                                                                     3
Page 473
                                                                                  The original consolidated financial statements included herein are in
                                                                                                                             the Indonesian language.




            PT ANGKASA PURA INDONESIA                                                PT ANGKASA PURA INDONESIA
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARY
        LAPORAN LABA RUGI DAN PENGHASILAN                                     CONSOLIDATED STATEMENT OF PROFIT OR LOSS
         KOMPREHENSIF LAIN KONSOLIDASIAN                                          AND OTHER COMPREHENSIVE INCOME
            Untuk Tahun yang Berakhir pada                                                 For the Year Ended
               Tanggal 31 Desember 2025                                                    December 31, 2025
            (Disajikan dalam Jutaan Rupiah,                                          (Expressed in Millions of Rupiah,
                Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)



                                             Tahun yang Berakhir pada Tanggal 31 Desember/
                                                       Year Ended December 31,
                                                                   Catatan/
                                                   2025             Notes                  2024

PENDAPATAN USAHA                                                    32,41                                            OPERATING REVENUES
Pendapatan aeronautika                              13.414.343                              13.138.370                   Aeronautical revenues
Pendapatan nonaeronautika                            7.799.437                               7.352.645               Non-aeronautical revenues
JUMLAH                                              21.213.780                              20.491.015                                      TOTAL

Beban pegawai                                        (4.442.097)     33                      (4.056.868)                    Employee expenses
Beban operasional bandara                            (8.357.617)     34                      (8.628.381)             Airport operation expenses
Beban umum                                                                                                                          General and
  dan administrasi                                   (2.547.695)     35                     (1.792.007)              administrative expenses
Beban pemasaran                                         (37.018)                                (38.324)                    Marketing expenses
Pendapatan lain-lain                                  5.885.463      36                          60.957                            Other income
Beban lain-lain                                        (139.853)     37                       (375.846)                          Other expenses

LABA USAHA                                          11.574.963                               5.660.546                     OPERATING PROFIT
Penghasilan keuangan                                    330.504      38                        365.026                           Finance income
Beban keuangan                                       (3.127.948)     39                     (3.335.312)                            Finance costs
Bagian laba                                                                                                                      Share in gain of
  entitas asosiasi                                                                                                                 associates
  dan ventura bersama                                  254.381       13                         170.834                     and joint ventures

LABA SEBELUM                                                                                                              PROFIT BEFORE
  BEBAN PAJAK FINAL DAN                                                                                         FINAL TAX EXPENSE AND
  PAJAK PENGHASILAN BADAN                             9.031.900                              2.861.094          CORPORATE INCOME TAX

Beban pajak final                                      (524.442)                               (295.863)                        Final tax expense

LABA SEBELUM PAJAK                                                                                                      PROFIT BEFORE
  PENGHASILAN BADAN                                   8.507.458                              2.565.231          CORPORATE INCOME TAX

Beban pajak                                                                                                                 Corporate income tax
  penghasilan badan, neto                              (645.238)     12d                     (1.768.435)                         expense, net

LABA TAHUN BERJALAN                                                                                                   PROFIT FOR THE YEAR
  SETELAH EFEK                                                                                                            AFTER EFFECT
  PENYESUAIAN LABA                                                                                                  OF MERGING ENTITY’S
  MERGING ENTITY                                      7.862.220                                 796.796              PROFIT ADJUSTMENT




      Catatan atas laporan keuangan konsolidasian terlampir                 The accompanying notes to the consolidated financial statements form
  merupakan bagian integral dari laporan keuangan konsolidasian.                 an integral part of these consolidated financial statements.


                                                                     4
Page 474
                                                                                     The original consolidated financial statements included herein are in
                                                                                                                                the Indonesian language.


            PT ANGKASA PURA INDONESIA                                                    PT ANGKASA PURA INDONESIA
                DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARY
        LAPORAN LABA RUGI DAN PENGHASILAN                                         CONSOLIDATED STATEMENT OF PROFIT OR LOSS
         KOMPREHENSIF LAIN KONSOLIDASIAN                                              AND OTHER COMPREHENSIVE INCOME
                        (lanjutan)                                                                 (continued)
            Untuk Tahun yang Berakhir pada                                                     For the Year Ended
               Tanggal 31 Desember 2025                                                        December 31, 2025
            (Disajikan dalam Jutaan Rupiah,                                              (Expressed in Millions of Rupiah,
                Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)



                                             Tahun yang Berakhir pada Tanggal 31 Desember/
                                                       Year Ended December 31,
                                                                       Catatan/
                                                   2025                 Notes                 2024

PENGHASILAN                                                                                                            OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                                                                                               INCOME

Pos yang akan                                                                                                                       Item that will be
  direklasifikasi ke laba rugi                                                                                    reclassified to profit or loss
  dalam periode berikutnya:                                                                                            in subsequent periods:
                                                                                                                          Change in fair value of
  Perubahan nilai wajar aset                                                                                                 financial assets
    keuangan pada nilai                                                                                                 at fair value through
    wajar melalui penghasilan                                                                                         other comprehensive
    komprehensif lain                                      2.583          6                           (2.532)                          income

Pos-pos yang tidak akan                                                                                                        Items that will not be
  direklasifikasi ke laba rugi                                                                                     reclassified to profit or loss
  dalam periode berikutnya:                                                                                              in subsequent periods:
                                                                                                                           Change in fair value of
  Perubahan nilai wajar aset                                                                                                  financial assets
    keuangan pada nilai                                                                                                  at fair value through
    wajar melalui penghasilan                                                                                          other comprehensive
    komprehensif lain                                     (5.074)         13                               -                            income
  Pengukuran kembali                                                                                                           Remeasurement of
    program imbalan pasti -                                                                                          defined benefit plans -
    neto setelah pajak                                    23.364          27                         (58.090)                        net of tax
  Bagian (kerugian) penghasilan                                                                                   Share of other comprehensive
    komprehensif lain dari entitas                                                                              (loss) income of associates
    asosiasi dan ventura bersama                          (5.881)         13                          2.403                and joint ventures

PENGHASILAN (KERUGIAN)                                                                                                 OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                       14.992                                     (58.219)                INCOME (LOSS)


JUMLAH PENGHASILAN                                                                                                   TOTAL COMPREHENSIVE
  KOMPREHENSIF LAINNYA                                                                                              INCOME FOR THE YEAR
  TAHUN BERJALAN SETELAH                                                                                        AFTER EFFECT OF MERGING
  EFEK PENYESUAIAN LABA                                                                                                  ENTITY’S INCOME
  MERGING ENTITY                                      7.877.212                                   738.577                   ADJUSTMENT


LABA TAHUN BERJALAN                                                                                                   PROFIT FOR THE YEAR
  SETELAH EFEK PENYESUAIAN                                                                                   AFTER EFFECT OF MERGING
  LABA MERGING ENTITY                                                                                      ENTITY’s INCOME ADJUSTMENT
  DIATRIBUSIKAN KEPADA:                                                                                                ATTRIBUTABLE TO:
  Pemilik entitas induk                               7.860.286                                   855.896         Owners of the parent entity
  Kepentingan nonpengendali                               1.934                                   (59.100)          Non-controlling interests

                                                      7.862.220                                   796.796


Penyesuaian atas rugi                                                                                                    Adjustment of merging
  merging entity:                                                                                                                 entity’s loss:
  Pemilik entitas induk                                            -                              (605.107)          Owners of the parent entity
  Kepentingan nonpengendali                                        -                                     5             Non-controlling interests

                                                                   -                             (605.102)




      Catatan atas laporan keuangan konsolidasian terlampir                    The accompanying notes to the consolidated financial statements form
  merupakan bagian integral dari laporan keuangan konsolidasian.                    an integral part of these consolidated financial statements.


                                                                         5
Page 475
                                                                                    The original consolidated financial statements included herein are in
                                                                                                                               the Indonesian language.


           PT ANGKASA PURA INDONESIA                                                    PT ANGKASA PURA INDONESIA
               DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARY
       LAPORAN LABA RUGI DAN PENGHASILAN                                         CONSOLIDATED STATEMENT OF PROFIT OR LOSS
        KOMPREHENSIF LAIN KONSOLIDASIAN                                              AND OTHER COMPREHENSIVE INCOME
                       (lanjutan)                                                                 (continued)
           Untuk Tahun yang Berakhir pada                                                     For the Year Ended
              Tanggal 31 Desember 2025                                                        December 31, 2025
           (Disajikan dalam Jutaan Rupiah,                                              (Expressed in Millions of Rupiah,
               Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)



                                            Tahun yang Berakhir pada Tanggal 31 Desember/
                                                      Year Ended December 31,
                                                                      Catatan/
                                                  2025                 Notes                 2024

LABA TAHUN BERJALAN                                                                                                PROFIT FOR THE YEAR
  SEBELUM EFEK PENYESUAIAN                                                                                BEFORE EFFECT OF MERGING
  LABA MERGING ENTITY YANG                                                                              ENTITY’S INCOME ADJUSTMENT
  DAPAT DIATRIBUSIKAN KEPADA:                                                                                       ATTRIBUTABLE TO:
  Pemilik entitas induk                              7.860.286                                 1.461.003       Owners of the parent entity
  Kepentingan nonpengendali                              1.934                                   (59.105)         Non-controlling interests

                                                     7.862.220                                 1.401.898


JUMLAH PENGHASILAN                                                                                                   TOTAL COMPREHENSIVE
  KOMPREHENSIF LAINNYA                                                                                                     INCOME FOR THE
  TAHUN BERJALAN SETELAH                                                                                                       YEAR PERIOD
  EFEK PENYESUAIAN                                                                                                                EFFECT OF
  LABA MERGING ENTITY                                                                                                    MERGING ENTITY’S
  YANG DAPAT                                                                                                          INCOME ADJUSTMENT
  DIATRIBUSIKAN KEPADA:                                                                                                  ATTRIBUTABLE TO:
  Pemilik entitas induk                             7.875.291                                    797.818            Owners of the parent entity
  Kepentingan nonpengendali                             1.921                                     (59.241)             Non-controlling interests

                                                    7.877.212                                    738.577

Penyesuaian kerugian
  komprehensif lainnya                                                                                          Adjustment of merging entity’s
  atas merging entity:                                                                                            other comprehensive loss:
  Pemilik entitas induk                                           -                              (532.403)         Owners of the parent entity
  Kepentingan nonpengendali                                       -                                     5            Non-controlling interests

                                                                  -                             (532.398)


JUMLAH PENGHASILAN                                                                                                               TOTAL OTHER
  KOMPREHENSIF LAINNYA                                                                                                    COMPREHENSIVE
  TAHUN BERJALAN SEBELUM                                                                                                  INCOME FOR THE
  EFEK PENYESUAIAN                                                                                                   YEAR BEFORE EFFECT
  PENGHASILAN KOMPREHENSIF                                                                                           OF MERGING ENTITY’S
  LAIN MERGING ENTITY                                                                                              OTHER COMPREHENSIVE
  YANG DAPAT DIATRIBUSIKAN                                                                                           INCOME ADJUSTMENT
  KEPADA:                                                                                                               ATTRIBUTABLE TO:
  Pemilik entitas induk                              7.875.291                                 1.330.221            Owners of the parent entity
  Kepentingan nonpengendali                              1.921                                   (59.246)             Non-controlling interests

                                                     7.877.212                                 1.270.975

Laba per saham dasar                                                                                                     Basic earning per share
  (nilai penuh)                                        311.283           2y                         33.895                        (full amount)

Laba per saham dilusian                                                                                                Diluted earning per share
  (nilai penuh)                                        300.524           2y                         32.724                        (full amount)




     Catatan atas laporan keuangan konsolidasian terlampir                    The accompanying notes to the consolidated financial statements form
 merupakan bagian integral dari laporan keuangan konsolidasian.                    an integral part of these consolidated financial statements.


                                                                        6
Page 476
                                                                                                                                                                                                                                                                                         The original consolidated financial statements included herein are in the Indonesian language.
                                                              PT ANGKASA PURA INDONESIA                                                                                                                                                                           PT ANGKASA PURA INDONESIA
                                                                 DAN ENTITAS ANAKNYA                                                                                                                                                                                     AND ITS SUBSIDIARY
                                                    LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                             CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                                Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025                                                                                                                                                        For the Year Ended December 31, 2025
                                                 (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)                                                                                                                                             (Expressed in Millions of Rupiah, Unless Otherwise Stated)
                                                                                                            Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas lnduk/Equity Attributable to Owner of the Parent Entity
                                                             Modal Saham        Tambahan                                                                                                           Penghasilan
                                                              Ditempatkan         Modal                                                           Selisih Ekuitas                                 Komprehensif                Saldo Laba/Retained Earnings
                                                           dan Disetor Penuh/    Disetor/                                   Komponen               Entitas Anak/             Ekuitas                   Lain/                                                                                 Kepentingan
                                                                 Issued         Additional         Modal disetor         Ekuitas Lainnya/              Equity             Merging Entity/             Other                 Ditentukan         Belum Ditentukan                             Nonpengendali/
                                                Catatan/     and Fully Paid      Paid-in           Lainnya/Other           Other Equity            Difference of             Merging             Comprehensive            Penggunaannya/       Penggunaannya/         Jumlah/               Non-Controlling          Jumlah Ekuitas/
                                                 Notes       Share Capital       Capital           Paid-in Capital        Components                Subsidiary             Entity Equity             Income                Appropriated         Unappropriated         Total                   Interests               Total Equity
Saldo tanggal 31 Desember 2023                                     15.971.652           (59.049)           1.679.841                 (11.561)                (26.317)            10.167.852               (1.207.638)            8.088.312             (5.411.885)       29.191.207                   193.887               29.385.094                      Balance as of December 31, 2023
Penyertaan Modal Negara (PMN)                     29                  798.818                 -             (798.818)                       -                       -                       -                      -                     -                        -                  -                          -                      -                       State Equity Participation (PMN)
Kapitalisasi menjadi modal                        28                        1                 -                    -                        -                       -                       -                      -                    (1)                       -                  -                          -                      -                        Capitalization into share capital
Selisih transaksi kombinasi                                                                                                                                                                                                                                                                                                                                    Difference arising from business
    bisnis entitas sepengendali                   1d                        -        1.183.394                       -                      -                       -                       -                      -                     -                     -          1.183.394                          -               1.183.394         combination of entites under common control
Cadangan umum                                     30                        -                -                       -                      -                       -                       -                      -               922.231              (922.231)                 -                          -                       -                                           General reserve
Dividen kas                                       30                        -                -                       -                      -                       -                       -                      -                     -              (850.000)          (850.000)                         -                (850.000)                                            Cash dividend
Laba (rugi) tahun berjalan                                                  -                -                       -                      -                       -                       -                      -                     -             1.461.003          1.461.003                    (59.105)              1.401.898                                  Profit (loss) for the year
Pelepasan kepentingan pada entitas anak                                                                                                                                                                                                                                                                                                                      Disposal of interest in subsidiaries
    dengan kehilangan pengendalian                1d                        -                 -                      -                      -                       -                       -               (27.273)                       -            (193.792)          (221.065)                   (88.546)               (309.611)                                    with loss of control
Penghasilan (kerugian) komprehensif lain:                                                                                                                                                                                                                                                                                                                 Other comprehensive income (loss):
    Pengukuran kembali program                                                                                                                                                                                                                                                                                                                                   Remeasurement of defined
        imbalan pasti - neto setelah pajak        27                        -                 -                      -                      -                       -                       -               (57.949)                       -                      -         (57.949)                     (146)                 (58.095)                            benefit plan - net of tax
    Perubahan nilai wajar aset keuangan                                                                                                                                                                                                                                                                                                                              Change in fair value of
        pada nilai wajar melalui                                                                                                                                                                                                                                                                                                                             financial assets at fair value
        penghasilan komprehensif lain              6                        -                 -                      -                      -                       -                       -                 (2.532)                      -                      -             (2.532)                         -               (2.532)            through other comprehensive income
    Bagian penghasilan komprehensif lain dari                                                                                                                                                                                                                                                                                                        Share of other comprehensive income
        entitas asosiasi dan ventura bersama      13                        -                 -                    -                      -                         -                     -                   2.403                      -                                    2.403                         -                    2.403                   of associates and joint ventures
Laba (rugi) proforma merging entity                                         -                 -                    -                      -                         -                     -                  72.704                      -               (605.107)         (532.403)                        5                 (532.398)                  Proforma income (loss) merging entity
Pembalikan proforma ekuitas merging entity                          6.414.412            16.425               22.963                371.389                         -           (10.167.852)               (424.297)             9.225.382             (5.462.421)           (3.999)                    3.999                        -              Reversal of proforma equity merging entity
Dampak penggabungan                               1e                2.066.370        (2.066.370)                   -                      -                         -                     -                       -                      -                      -                 -                         -                        -                                          Impact of merger
Saldo tanggal 31 Desember 2024                                     25.251.253         (925.600)              903.986                359.828                  (26.317)                       -             (1.644.582)           18.235.924            (11.984.433)       30.170.059                    50.094               30.220.153                      Balance as of December 31, 2024
Dividen kas                                       30                        -                 -                      -                      -                       -                       -                      -                       -            (855.897)          (855.897)                         -                (855.897)                                            Cash dividend
Laba tahun berjalan                                                         -                 -                      -                      -                       -                       -                      -                       -           7.860.286          7.860.286                      1.934               7.862.220                                         Profit for the year
Penghasilan (kerugian) komprehensif lain:                                                                                                                                                                                                                                                                                                                  Other comprehensive income (loss):
    Pengukuran kembali program                                                                                                                                                                                                                                                                                                                                    Remeasurement of defined
       imbalan pasti - neto setelah pajak         27                        -                 -                      -                      -                       -                       -                23.377                        -                      -             23.377                        (13)              23.364                             benefit plan - net of tax
    Perubahan nilai wajar aset keuangan                                                                                                                                                                                                                                                                                                                               Change in fair value of
       tersedia pada nilai wajar melalui                                                                                                                                                                                                                                                                                                                      financial assets at fair value
       penghasilan komprehensif lain              6,13                      -                 -                      -                      -                       -                       -                 (2.491)                      -                      -             (2.491)                         -               (2.491)             through other comprehensive income
    Bagian kerugian komprehensif lain dari                                                                                                                                                                                                                                                                                                               Share of other comprehensive loss
       entitas asosiasi dan ventura bersama       13                        -                 -                      -                      -                       -                       -                 (5.881)                      -                      -             (5.881)                         -               (5.881)                   of associates and joint ventures
Saldo tanggal 31 Desember 2025                                     25.251.253         (925.600)              903.986                359.828                  (26.317)                       -             (1.629.577)           18.235.924             (4.980.044)       37.189.453                    52.015               37.241.468                      Balance as of December 31, 2025
      Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral dari laporan keuangan konsolidasian secara keseluruhan.                                                           The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
                                                                                                                                                                                    7
Page 477
                                                                                    The original consolidated financial statements included herein are in
                                                                                                                               the Indonesian language.

             PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
                 DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
          LAPORAN ARUS KAS KONSOLIDASIAN                                           CONSOLIDATED STATEMENT OF CASH FLOWS
             Untuk Tahun yang Berakhir pada                                                   For the Year Ended
                Tanggal 31 Desember 2025                                                      December 31, 2025
             (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
                 Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)



                                            Tahun yang Berakhir pada Tanggal 31 Desember/
                                                      Year Ended December 31,
                                                                      Catatan/
                                                  2025                 Notes                 2024


ARUS KAS DARI                                                                                                              CASH FLOWS FROM
  AKTIVITAS OPERASI                                                                                                   OPERATING ACTIVITIES
Penerimaan dari pelanggan                          19.368.256                                 20.691.040                  Receipt from customers
Pembayaran kepada pemasok,                                                                                                  Payment to suppliers,
  pihak ketiga lainnya,                                                                                                      other third parties,
  dan karyawan                                      (9.704.011)                              (11.104.688)                       and employees
Pembayaran kepada Pemerintah                                                                                          Payment to the Government
  atas Penerimaan Negara                                                                                                             for Non-Tax
  Bukan Pajak                                         (281.563)       43a,44a                    (840.456)                       State Revenue
Pembayaran pajak penghasilan                          (703.435)                                  (496.079)              Payment for income taxes
Penerimaan atas restitusi pajak                        432.818          12b                        68.959                 Receipt from tax refund
Pembayaran bunga ditangguhkan                         (700.584)         24                       (839.209)           Payment of deferred interests
Pembayaran beban bunga                                                                                               Payment of interest expenses
  dan imbal hasil sukuk                             (2.880.878)                                (3.122.944)              and sukuk profit sharing
Penerimaan pendapatan bunga                            327.289                                    364.934               Receipt of interest income
Pembayaran insentif buyback                                                                                        Payment of buyback incentives
  utang obligasi dan sukuk                                        -      25                      (24.525)          for bonds payable and sukuk

Kas neto yang diperoleh                                                                                                     Net cash provided by
  dari aktivitas operasi                             5.857.892                                 4.697.032                    operating activities

ARUS KAS DARI                                                                                                              CASH FLOWS FROM
  AKTIVITAS INVESTASI                                                                                                 INVESTING ACTIVITIES
Perolehan aset tetap,                                                                                                  Acquisition of fixed assets,
  properti investasi, dan                                                                                           investment properties, and
  aset takberwujud                                  (3.269.033)       14,15,17                 (1.737.498)                     intangible assets
Penambahan penyertaan saham                           (148.920)          13f                      (31.264)        Additional investment in shares
Uang muka penyertaan saham                             (13.000)         13c                              -         Advances in shares of stocks
Penerimaan dividen                                                                                                                Dividend income
  dari entitas asosiasi                                                                                                         from associates
  dan ventura bersama                                    13.778         13f                               -                   and joint ventures
Penerimaan dari                                                                                                                       Receipt from
  Investasi jangka pendek                                         -      6                        290.091               short-term investments

Kas neto yang digunakan untuk                                                                                                    Net cash used in
  aktivitas investasi                               (3.417.175)                                (1.478.671)                   investing activities


ARUS KAS DARI                                                                                                              CASH FLOWS FROM
  AKTIVITAS PENDANAAN                                                                                                 FINANCING ACTIVITIES
Pembayaran pinjaman bank,                                                                                                 Payment on bank loan,
  utang obligasi dan sukuk                          (4.197.017)        24,25                   (3.407.691)            bonds payable and sukuk
Pembayaran dividen                                    (855.897)         30                       (850.000)                     Dividend payment
Pembayaran liabilitas sewa                            (242.661)         16b                      (103.547)            Payments of lease liabilities
Penerimaan dari pinjaman ijarah                               -                                 2.000.000               Proceed from ijarah loans
Penerimaan dari pinjaman bank                                                                                             Proceed from long-term
  jangka panjang                                                  -      24                       350.000                           bank loans
Penerimaan dari penerbitan                                                                                                          Proceed from
  utang obligasi                                                  -      25                       254.760              bonds payable issuance

Kas neto yang digunakan untuk                                                                                                    Net cash used in
  aktivitas pendanaan                               (5.295.575)                               (1.756.478)                    financing activities




     Catatan atas laporan keuangan konsolidasian terlampir                    The accompanying notes to the consolidated financial statements form
 merupakan bagian integral dari laporan keuangan konsolidasian.                    an integral part of these consolidated financial statements.

                                                                        8
Page 478
                                                                                    The original consolidated financial statements included herein are in
                                                                                                                               the Indonesian language.

              PT ANGKASA PURA INDONESIA                                                 PT ANGKASA PURA INDONESIA
                  DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARY
           LAPORAN ARUS KAS KONSOLIDASIAN                                          CONSOLIDATED STATEMENT OF CASH FLOWS
                          (lanjutan)                                                              (continued)
              Untuk Tahun yang Berakhir pada                                                  For the Year Ended
                 Tanggal 31 Desember 2025                                                     December 31, 2025
              (Disajikan dalam Jutaan Rupiah,                                           (Expressed in Millions of Rupiah,
                  Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)



                                             Tahun yang Berakhir pada Tanggal 31 Desember/
                                                       Year Ended December 31,
                                                                       Catatan/
                                                   2025                 Notes                2024


                                                                                                                           NET (DECREASE)/
(PENURUNAN)/KENAIKAN NETO                                                                                            INCREASE IN CASH AND
  KAS DAN SETARA KAS                                 (2.854.858)                               1.461.883                CASH EQUIVALENTS


Efek perubahan nilai kurs                                                                                        Effect of exchange rate changes
  pada kas dan setara kas                                 23.755                                    (7.908)      on cash and cash equivalents
Kas dan setara kas dari entitas anak                                                                                Cash and cash equivalents
  yang didekonsolidasikan                                          -                           (1.141.035) of the deconsolidated subsidiaries

KAS DAN SETARA KAS                                                                                            CASH AND CASH EQUIVALENTS
  AWAL TAHUN                                          9.602.734           4                    9.289.794          AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                                                            CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                         6.771.631           4                    9.602.734            AT THE END OF YEAR




      Catatan atas laporan keuangan konsolidasian terlampir                   The accompanying notes to the consolidated financial statements form
  merupakan bagian integral dari laporan keuangan konsolidasian.                   an integral part of these consolidated financial statements.

                                                                         9
Page 479
                                                             The original consolidated financial statements included herein
                                                                                               are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


1. UMUM                                                     1. GENERAL

  a. Pendirian dan Informasi Umum                              a. Establishment and General Information

    PT     Angkasa     Pura     Indonesia    (dahulu               PT     Angkasa    Pura    Indonesia     (formerly
    “PT Angkasa Pura II“ atau “AP2”) (“Perusahaan”),               “PT Angkasa Pura II” or “AP2”) (“the Company”),
    sebelumnya bernama Perum Pelabuhan Udara                       previously named Perum Pelabuhan Udara
    Jakarta Cengkareng, didirikan berdasarkan                      Jakarta Cengkareng, was established by
    Peraturan Pemerintah (PP) No. 20 Tahun 1984.                   Government Regulation (PP) No. 20 Year 1984.
    Perubahan nama dari Perum Pelabuhan Udara                      The change from Perum Pelabuhan Udara
    Jakarta Cengkareng menjadi Perum Angkasa                       Jakarta Cengkareng to Perum Angkasa Pura II is
    Pura II dilakukan berdasarkan PP No. 26 Tahun                  based on PP No. 26 Year 1986. Furthermore,
    1986. Selanjutnya, dengan PP No. 14 Tahun                      with the PP No. 14 Year 1992, Perum Angkasa
    1992, Perum Angkasa Pura II berubah status                     Pura II changed its status of legal entity into a
    badan hukumnya menjadi Perusahaan Perseroan                    Perusahaan Perseroan (Persero).
    (Persero).

    Perusahaan didirikan berdasarkan Akta Notaris                  The Company was established based on Deed
    Muhani     Salim   S.H.,   No.    3    tanggal                 No. 3 dated January 2, 1993 of Notary Muhani
    2 Januari 1993 dan diubah dengan Akta Notaris                  Salim, S.H., and amended by Deed No. 96 dated
    No. 96 tanggal 19 Maret 1993 oleh notaris yang                 March 19, 1993 by the same notary. The deed of
    sama. Akta pendirian tersebut disahkan oleh                    establishment was approved by the Minister of
    Menteri    Kehakiman     Republik    Indonesia                 Justice of the Republic of Indonesia in its Decision
    sesuai      dengan       Surat      Keputusan                  Letter No. C2-2471.HT.01.01.Th.93 dated
    No.       C2-2471.HT.01.01.Th.93       tanggal                 April 24, 1993 and published in the State Gazette
    24 April 1993 dan diumumkan dalam Berita                       No. 63 dated August 8, 1995.
    Negara Republik Indonesia No. 63 tanggal
    8 Agustus 1995.

    Anggaran Dasar Perusahaan telah disesuaikan                    The Company’s Articles of Association have been
    dengan Undang-Undang No. 40 Tahun 2007                         adjusted to Law No. 40 of 2007 concerning
    tentang Perseroan Terbatas berdasarkan Akta                    Perseroan Terbatas through Notarial Deeds No.
    Notaris Silvia Abbas Sudrajat, S.H., Sp.N.,                    38 dated November 18, 2008 of Silvia Abbas
    No. 38 tanggal 18 November 2008 yang telah                     Sudrajat, S.H., Sp.N. The deed was approved by
    disetujui oleh Menteri Hukum dan Hak Asasi                     the Minister of Law and Human Rights of the
    Manusia Republik Indonesia melalui keputusan                   Republic of Indonesia in decision letter
    No. AHU-98879.AH.01.02. Tahun 2008 tanggal                     No. AHU-98879.AH.01.02. Year 2008 and
    22 Desember 2008 dan diumumkan dalam Berita                    published in the State Gazette Year 2009 No.10,
    Negara RI Tahun 2009 No. 10, Tambahan Berita                   Suplement to the State Gazette No. 3214.
    Negara RI No. 3214.

    Berdasarkan Akta Penyertaan Keputusan Rapat                    Based on the Deed of Inclusion of the General
    Umum Pemegang Saham No. 7 tanggal                              Meeting of Shareholders' Resolutions No. 7 dated
    6    September       2024,    pemegang   saham                 September 6, 2024, the Company's shareholders
    Perusahaan menyetujui diantaranya perubahan                    approved, among other things, the amendment of
    Anggaran Dasar, logo, dan nama Perusahaan                      the Company's Articles of Association, logo, and
    dari sebelumnya PT Angkasa Pura II menjadi                     name of the Company from PT Angkasa Pura II
    PT Angkasa Pura Indonesia. Perubahan tersebut                  to PT Angkasa Pura Indonesia. The amendment
    telah disetujui oleh Menteri Hukum dan Hak Asasi               was approved by the Minister of Law and Human
    Manusia Republik Indonesia melalui suratnya                    Rights of the Republic of Indonesia through its
    No. AHU-0056672.AH.01.02.Tahun 2024 tanggal                    letter No. AHU-0056672.AH.01.02.Year 2024
    6 September 2024.                                              dated September 6, 2024.




                                                       10
Page 480
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


1. UMUM (lanjutan)                                             1. GENERAL (continued)

  a. Pendirian dan Informasi Umum (lanjutan)                      a. Establishment        and     General      Information
                                                                     (continued)

     Anggaran Dasar Perusahaan telah beberapa kali                    The Company’s Articles of Association have been
     mengalami perubahan, terakhir berdasarkan Akta                   amended several times, the latest amendments
     Notaris Nanda Fauz Iwan, S.H., M.Kn., No. 6                      through Notarial Deeds No. 6 dated
     tanggal    12    Desember       2024     mengenai                December 12, 2024 of Nanda Fauz Iwan, S.H.,
     penegasan persetujuan pengalihan saham Seri B                    M.Kn., regarding the affirmation of approval for
     Perusahaan          yang        dimiliki      oleh               the transfer of Series B shares of the Company
     PT Taman Wisata Borobudur (“TWB”) (Catatan                       owned by PT Taman Wisata Borobudur (“TWB”)
     1d) dan perubahan Pasal 4 Anggaran Dasar                         (Note 1d) and the amendment of Article 4 of the
     sehubungan dengan pengalihan tersebut. Akta                      Articles of Association in relation to the transfer.
     notaris tersebut telah diberitahukan kepada dan                  The notarial deed has been notified to and
     diterima oleh Kementerian Hukum dan Hak Asasi                    received by Ministry of Law and Human Rights of
     Manusia Republik Indonesia dan memperoleh                        the Republic of Indonesia and has been
     surat         penerimaan           pemberitahuan                 acknowledged       through       its    letter    of
     No.        AHU-AH.01.03-0221033            tanggal               knowledgement No. AHU-AH.01.03-0221033
     12 Desember 2024.                                                dated December 12, 2024.

     Berdasarkan        pasal   3   Anggaran  Dasar                   Based on Article 3 of the Company's Articles of
     Perusahaan, kegiatan utama Perusahaan adalah                     Association, the main activities of the Company
     pengangkutan        dan    pergudangan  dengan                   are transportation and warehousing with an
     klasifikasi aktivitas kebandarudaraan.                           airport activity classification.

     Perusahaan memulai operasi komersialnya pada                     The Company started its commercial operation in
     tahun 1984.                                                      1984.

     Berdasarkan PP No. 104 Tahun 2021 tanggal                        Based on PP No. 104 Year 2021 dated October
     6 Oktober 2021 tentang Penambahan Penyertaan                     6, 2021 regarding Additional State Equity
     Modal Negara Republik Indonesia ke dalam                         Participation of the Republic of Indonesia to
     Modal Saham Perusahaan Perseroan (Persero)                       Perusahaan Perseroan (Persero) PT Aviasi
     PT Aviasi Pariwisata Indonesia (“Injourney”),                    Pariwisata Indonesia (“Injourney”), all B series
     seluruh saham Seri B milik Negara Republik                       shares of the Company owned by the State
     Indonesia    pada     Perusahaan     sebanyak                    Republic of Indonesia of 15,971,651 shares were
     15.971.651       saham       dialihkan       ke                  transferred to Injourney. Such transfer change the
     Injourney.   Pengalihan     saham      tersebut                  status of Perusahaan Perseroan (Persero)
     menyebabkan status Perusahaan Perseroan                          PT Angkasa Pura II into Limited Liability
     (Persero) PT Angkasa Pura II berubah menjadi                     Company.
     Perseroan Terbatas.

     Perusahaan dan entitas anaknya (selanjutnya                      The Company and its subsidiary (collectively
     disebut “Kelompok Usaha”) dikendalikan oleh                      referred to hereafter as the “Group”) are
     entitas induk langsungnya, yaitu Injourney, Badan                controlled by its immediate parent company,
     Usaha Milik Negara. Entitas induk utama                          Injourney, a State-owned Enterprise. The ultimate
     Perusahaan adalah Negara Republik Indonesia.                     parent of the Company is Republic of Indonesia.

     Kantor pusat Perusahaan berlokasi di Bandar                      The Company head office is located in Soekarno-
     Udara Internasional Soekarno-Hatta, Tangerang,                   Hatta International Airport in Tangerang, Banten
     Provinsi Banten.                                                 Province.

     Pada tanggal 9 September 2024, PT Angkasa                        On September 9, 2024, PT Angkasa Pura I
     Pura I (“AP1”) melakukan penggabungan ke                         (“AP1”) merged to the Company, with the
     dalam Perusahaan, dengan Perusahaan sebagai                      Company as the surviving entity (Note 1e).
     perusahaan hasil penggabungan (Catatan 1e).




                                                          11
Page 481
                                                                          The original consolidated financial statements included herein
                                                                                                            are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


1. UMUM (lanjutan)                                                      1. GENERAL (continued)
  a. Pendirian dan Informasi Umum (lanjutan)                                a. Establishment              and         General   Information
                                                                               (continued)
     Sehubungan dengan penggabungan tersebut di                                 In relation to the merger as mentioned above, the
     atas, Perusahaan mengelola 6 (enam) Regional                               Company manages 6 (six) Regions as follows:
     yang terdiri dari:
     Regional 1                                                                 Region 1
     Untuk    menjalankan   kegiatan   operasinya,                              In providing its services, Region 1 has 4 (four)
     Regional 1 memiliki 4 (empat) kantor cabang                                branch offices each located at the airport
     yang masing-masing berlokasi di bandar udara                               managed by the Company with details as follows:
     yang dikelola Perusahaan, dengan rincian
     sebagai berikut:
                    1)    Bandar Udara Internasional Soekarno-Hatta/Soekarno-Hatta International Airport - Tangerang
                    2)    Bandar Udara Internasional Halim Perdanakusuma/Halim Perdanakusuma International Airport - Jakarta *)
                    3)    Bandar Udara Husein Sastranegara/Husein Sastranegara Airport - Bandung
                    4)    Bandar Udara Internasional Kertajati/Kertajati International Airport - Majalengka **)
     Regional 2                                                                 Region 2
     Untuk    menjalankan   kegiatan   operasinya,                              In providing its services, Region 2 has 4 (four)
     Regional 2 memiliki 4 (empat) kantor cabang                                branch offices located in each airport managed by
     yang masing-masing berlokasi di bandar udara                               the Company with details as follows:
     yang dikelola Perusahaan, dengan rincian
     sebagai berikut:
                    1)    Bandar Udara Internasional I Gusti Ngurah Rai/I Gusti Ngurah Rai International Airport - Badung
                    2)    Bandar Udara Internasional Zainuddin Abdul Madjid/Zainuddin Abdul Madjid International Airport - Praya
                    3)    Bandar Udara Internasional El Tari/El Tari International Airport - Kupang
                    4)    Bandar Udara Internasional Banyuwangi/Banyuwangi International Airport - Banyuwangi ****)
     Regional 3                                                                 Region 3
     Untuk    menjalankan      kegiatan    operasinya,                          In providing its services, Region 3 has 13
     Regional 3 memiliki 13 (tiga belas) kantor cabang                          (thirteen) branch offices located in each airport
     yang masing-masing berlokasi di bandar udara                               managed by the Company with details as follows:
     yang dikelola Perusahaan, dengan rincian
     sebagai berikut:
                    1)    Bandar Udara Internasional Sultan Mahmud Badaruddin II/Sultan Mahmud Badaruddin II International Airport -
                          Palembang
                    2)    Bandar Udara Internasional Minangkabau/Minangkabau International Airport - Padang Pariaman ****)
                    3)    Bandar Udara Internasional Sultan Iskandar Muda/Sultan Iskandar Muda International Airport - Aceh Besar
                    4)    Bandar Udara Internasional Raja Haji Fisabilillah/Raja Haji Fisabilillah International Airport - Tanjung Pinang
                    5)    Bandar Udara Depati Amir/Depati Amir Airport - Pangkal Pinang ****)
                    6)    Bandar Udara Sultan Thaha/Sultan Thaha Airport - Jambi ****)
                    7)    Bandar Udara Internasional Raja Sisingamangaraja XII/Raja Sisingamangaraja XII International Airport -
                          Tapanuli Utara ****)
                    8)    Bandar Udara Internasional H.A.S. Hanandjoeddin/H.A.S. Hanandjoeddin International Airport - Tanjung Pandan
                          ****)
                    9)    Bandar Udara Fatmawati Soekarno/Fatmawati Soekarno Airport - Bengkulu ****)
                    10)   Bandar Udara Internasional Radin Inten II/Radin Inten II International Airport - Lampung Selatan ****)
                    11)   Bandar Udara Internasional Kualanamu/Kualanamu International Airport - Deli Serdang ***)
                    12)   Bandar Udara Internasional Sultan Syarif Kasim II/Sultan Syarif Kasim II International Airport - Pekanbaru
                    13)   Bandar Udara Internasional Hang Nadim/Hang Nadim International Airport - Batam *****)
     *)    Kerjasama operasi (Catatan 43n).                                     *)      Joint operation (Note 43n).

     **)   Perusahaan sebagai operator bandara melalui                          **)     The Company as the operator of this airport
            Perjanjian Kerjasama Penyelenggaraan                                          through Cooperation Agreement on Airport
            Jasa Kebandarudaraan (Catatan 13c dan 43q).                                   Service Provision (Notes 13c and 43q).

     ***) Dioperasikan oleh PT Angkasa Pura Aviasi, entitas                     ***)    Operated by PT Angkasa Pura Aviasi, a subsidiary,
            anak, mulai 3 Juni 2022 (Catatan 43o).                                        starting June 3, 2022 (Note 43o).

     ****) Perusahaan ditunjuk sebagai operator bandara ini                     ****) The Company as the operator of this airport through
            melalui Perjanjian Kerjasama Pemanfaatan                                    Utilization Cooperation Agreement (Notes 43g,
            (Catatan 43g, 43i, 43j, 43k, 43l, dan 43aa).                                43i, 43j, 43k, 43l, and 43aa).

     *****) Dioperasikan oleh PT Bandara Internasional Batam,                   *****) Operated by PT Bandara Internasional Batam, a joint
             entitas ventura bersama (Catatan 13f).                                     venture entity (Note 13f).
                                                                  12
Page 482
                                                                       The original consolidated financial statements included herein
                                                                                                         are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                           As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                          (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)


1. UMUM (lanjutan)                                                    1. GENERAL (continued)

  a. Pendirian dan Informasi Umum (lanjutan)                             a. Establishment           and      General        Information
                                                                            (continued)

     Sehubungan dengan penggabungan tersebut di                              In relation to the merger as mentioned above, the
     atas, Perusahaan mengelola 6 (enam) Regional                            Company manages 6 (six) Regions as follows:
     yang terdiri dari: (lanjutan)                                           (continued)

     Regional 4                                                              Region 4
     Untuk    menjalankan      kegiatan    operasinya,                       In providing its services, Region 4 has 7 (seven)
     Regional 4 memiliki 7 (tujuh) kantor cabang yang                        branch offices located in each airport managed by
     masing-masing berlokasi di bandar udara yang                            the Company with details as follows:
     dikelola Perusahaan, dengan rincian sebagai
     berikut:

                    1)   Bandar Udara Kulon Progo/Kulon Progo International Airport - Kulon Progo
                    2)   Bandar Udara Internasional Juanda/Juanda International Airport - Sidoarjo ****)
                    3)   Bandar Udara Internasional Jenderal Ahmad Yani/Jenderal Ahmad Yani International Airport - Semarang ****)
                    4)   Bandar Udara Adisutjipto/Adisutjipto Airport - Yogyakarta
                    5)   Bandar Udara Internasional Adi Soemarmo/Adi Soemarmo International Airport - Boyolali
                    6)   Bandar Udara Jenderal Besar Soedirman/Jenderal Besar Soedirman Airport - Purbalingga
                    7)   Bandar Udara Internasional Kediri/Kediri International Airport - Kediri **)

     Regional 5                                                              Region 5
     Untuk    menjalankan      kegiatan   operasinya,                        In providing its services, Region 5 has 5 (five)
     Regional 5 memiliki 5 (lima) kantor cabang yang                         branch offices located in each airport managed by
     masing-masing berlokasi di bandar udara yang                            the Company with details as follows:
     dikelola Perusahaan, dengan rincian sebagai
     berikut:

                    1)   Bandar Udara Internasional Sultan Hasanuddin/Sultan Hasanuddin International Airport - Maros ****)
                    2)   Bandar Udara Internasional Sam Ratulangi/Sam Ratulangi International Airport - Manado
                    3)   Bandar Udara Internasional Sentani/Sentani International Airport - Jayapura ****)
                    4)   Bandar Udara Internasional Pattimura/Pattimura International Airport - Ambon
                    5)   Bandar Udara Internasional Frans Kaisiepo/Frans Kaisiepo International Airport - Biak Numfor

     Regional 6                                                              Region 6
     Untuk    menjalankan   kegiatan   operasinya,                           In providing its services, Region 6 has 4 (four)
     Regional 6 memiliki 4 (empat) kantor cabang                             branch offices located in each airport managed by
     yang masing-masing berlokasi di bandar udara                            the Company with details as follows:
     yang dikelola Perusahaan, dengan rincian
     sebagai berikut:

                    1)   Bandar Udara Internasional Sultan Aji Muhammad Sulaiman/Sultan Aji Muhammad Sulaiman International
                         Airport - Balikpapan
                    2)   Bandar Udara Internasional Syamsuddin Noor/Syamsuddin Noor International Airport - Banjarbaru
                    3)   Bandar Udara Internasional Supadio/Supadio International Airport - Pontianak
                    4)   Bandar Udara Tjilik Riwut/Tjilik Riwut Airport - Palangkaraya ****)

     **) Perusahaan sebagai operator bandara melalui                         **) The Company as the operator of this airport through
           Perjanjian Kerjasama Penyelenggaraan                                     Cooperation Agreement on Airport
           Jasa Kebandarudaraan (Catatan 43m).                                      Service Provision (Note 43m).

     ****) Perusahaan ditunjuk sebagai operator bandara ini                  ****) The Company as the operator of this airport through
             melalui Perjanjian Kerjasama Pemanfaatan                                 Utilization Cooperation Agreement (Notes 43b,
             (Catatan 43b, 43c, 43f, 43h, dan 43aa).                                  43c, 43f, 43h, and 43aa).




                                                                13
Page 483
                                                                         The original consolidated financial statements included herein
                                                                                                           are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                             As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


1. UMUM (lanjutan)                                                     1. GENERAL (continued)

  b. Dewan Komisaris, Direksi, Komite Audit dan                             b. Boards of Commissioners, Directors, Audit
     Karyawan                                                                  Committee and Employees

     Susunan Dewan Komisaris dan Direksi                                       The composition of the Company's Boards of
     Perusahaan pada tanggal 31 Desember 2025 dan                              Commissioners and Directors as of December
     2024 adalah sebagai berikut:                                              31, 2025 and 2024 are as follows:

                                         31 Desember 2025/               31 Desember 2024/
                                         December 31, 2025               December 31, 2024
       Dewan Komisaris                                                                                           Board of Commissioners
       Komisaris Utama                          Antoni Arif Priadi        Novie Riyanto Rahardjo                   President Commissioner
       Komisaris                          Erwan Agus Purwanto              Erwan Agus Purwanto                               Commissioner
       Komisaris                                  Dita Indah Sari        Cahyo Rahadian Muzhar                               Commissioner
       Komisaris                            Elly Engelbert Lasut                   Lukman Laisa                              Commissioner
       Komisaris                                                 -         Satya Bhakti Parikesit                            Commissioner
       Komisaris                                                 -                   Irfan Wahid                             Commissioner
       Komisaris Independen                         Djamaluddin                     Djamaluddin                 Independent Commissioner
       Komisaris Independen                           Abdul Muis                      Abdul Muis                Independent Commissioner
       Komisaris Independen                           Imelda Sari            Achmad Syah Reza                   Independent Commissioner
       Komisaris Independen                          Eva Yuliana                                -               Independent Commissioner
       Komisaris Independen                           Yunus Nusi                                -               Independent Commissioner

       Direksi                                                                                                                      Directors
       Direktur Utama                   Mohammad Rizal Pahlevi                        Faik Fahmi                           President Director
       Wakil Direktur Utama                    Achmad Syahir                                   -                     Vice President Director
       Direktur Strategi dan                                                                                        Director of Strategy and
         Pengembangan Teknologi                  Ferry Kusnowo                    Ferry Kusnowo                  Technology Development
       Direktur Keuangan                                                                                             Director of Finance and
         dan Manajemen Risiko           Yanindya Bayu Wirawan                                 -                          Risk Management
       Direktur Komersial                           Veri Setiady         Mohammad Rizal Pahlevi                      Director of Commercial
       Direktur Human Capital                       Adi Nugroho                   Achmad Syahir                   Director of Human Capital
       Direktur Operasi                            Agus Haryadi                Wendo Asrul Rose                       Director of Operations
       Direktur Teknik                   Ristiyanto Eko Wibowo        Muhammad Suriawan Wakan                        Director of Engineering
       Direktur Keuangan                                       -          Yanindya Bayu Wirawan                           Director of Finance
       Plt. Direktur Manajemen Risiko                          -          Yanindya Bayu Wirawan     Ad interim Director of Risk Management

     Berdasarkan Akta Notaris Nanda Fauz Iwan,                                 Based on Notarial Deed of Nanda Fauz Iwan,
     S.H., M.Kn., No. 10 tanggal 27 Mei 2025                                   S.H., M.Kn., No. 10 dated May 27, 2025,
     mengenai Pemberhentian dan Pengangkatan                                   regarding the Dismissal and Appointment of
     Anggota-Anggota         Dewan        Komisaris                            Members of the Board of Commissioners of
     PT Angkasa Pura Indonesia, Perusahaan                                     PT Angkasa Pura Indonesia, the Company
     memberhentikan Tuan Novie Riyanto Rahardjo                                dismissed Mr. Novie Riyanto Rahardjo from his
     dari jabatannya sebagai Komisaris Utama; Tuan                             position as President Commissioner; Mr.
     Lukman Laisa, Tuan Satya Bhakti Parikesit, dan                            Lukman Laisa, Mr. Satya Bhakti Parikesit, and
     Tuan Cahyo Rahadian Muzhar dari jabatannya                                Mr. Cahyo Rahadian Muzhar from their positions
     sebagai Komisaris; serta Tuan Achmad Syah                                 as Commissioners; and Mr. Achmad Syah Reza
     Reza dari jabatannya sebagai Komisaris                                    from his position as Independent Commissioner.
     Independen.       Selanjutnya,     Perusahaan                             Subsequently, the Company appointed Mr.
     mengangkat Tuan Antoni Arif Priadi sebagai                                Antoni Arif Priadi as President Commissioner;
     Komisaris Utama; Nyonya Dita Indah Sari dan                               Mrs. Dita Indah Sari and Mrs. Ni Luh Enik
     Nyonya Ni Luh Enik Ermawati sebagai Komisaris;                            Ermawati as Commissioners; and Mrs. Imelda
     serta Nyonya Imelda Sari dan Nyonya Eva                                   Sari and Mrs. Eva Yuliana as Independent
     Yuliana sebagai Komisaris Independen.                                     Commissioners.

     Akta notaris tersebut telah diberitahukan kepada                          The notarial deed has been notified to and
     dan diterima oleh Kementerian Hukum dan Hak                               received by the Ministry of Law and Human
     Asasi Manusia Republik Indonesia dan                                      Rights of the Republic of Indonesia and has
     memperoleh surat penerimaan pemberitahuan                                 obtained a notification acceptance letter No.
     No.       AHU-AH.01.09-0274024            tanggal                         AHU-AH.01.09-0274024 dated May 28, 2025.
     28 Mei 2025.




                                                                 14
Page 484
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1. UMUM (lanjutan)                                            1. GENERAL (continued)

  b. Dewan Komisaris, Direksi, Komite Audit dan                  b. Boards of Commissioners, Directors, Audit
     Karyawan (lanjutan)                                            Committee and Employees (continued)

     Berdasarkan Akta Notaris Nanda Fauz Iwan,                      Based on the Notarial Deed of Nanda Fauz Iwan,
     S.H., M.Kn., No. 16 tanggal 30 Juli 2025,                      S.H., M.Kn., No. 16 dated July 30, 2025,
     mengenai Pemberhentian dan Pengangkatan                        regarding the Dismissal and Appointment of
     Anggota-Anggota          Dewan        Komisaris                Members of the Board of Commissioners of
     PT Angkasa Pura Indonesia, Perusahaan                          PT Angkasa Pura Indonesia, the Company
     memberhentikan Tuan Irfan Wahid dan Nyonya Ni                  dismissed Mr. Irfan Wahid and Mrs. Ni Luh Enik
     Luh Enik Ermawati dari jabatannya sebagai                      Ermawati from their positions as Commissioners.
     Komisaris. Selanjutnya, Perusahaan mengangkat                  Furthermore, the Company appointed Mr. Yunus
     Tuan Yunus Nusi sebagai Komisaris Independen                   Nusi as Independent Commissioner and Mr. Elly
     dan Tuan Elly Engelbert Lasut sebagai Komisaris.               Engelbert Lasut as Commissioner.

     Akta notaris tersebut telah diberitahukan kepada               The notarial deed has been notified to and
     dan diterima oleh Kementerian Hukum dan Hak                    received by the Ministry of Law and Human
     Asasi Manusia Republik Indonesia dan                           Rights of the Republic of Indonesia and has
     memperoleh surat penerimaan pemberitahuan                      obtained a notification acceptance letter No.
     No.        AHU-AH.01.09-0318254           tanggal              AHU-AH.01.09-0318254 dated July 30, 2025.
     30 Juli 2025.

     Berdasarkan Akta Notaris Nanda Fauz Iwan,                      Based on Notarial Deed of Nanda Fauz Iwan,
     S.H., M.Kn., No. 9 tanggal 27 Mei 2025 mengenai                S.H., M.Kn., No. 9 dated May 27, 2025, regarding
     Pemberhentian,       Perubahan      Nomenklatur                the     Dismissal,     Changes      in   Position
     Jabatan, Pengalihan Tugas, dan Pengangkatan                    Nomenclature, Reassignment of Duties, and
     Anggota-Anggota Direksi PT Angkasa Pura                        Appointment of Members of the Board of
     Indonesia, Perusahaan memberhentikan Tuan                      Directors of PT Angkasa Pura Indonesia, the
     Faik Fahmi sebagai Direktur Utama, Tuan Wendo                  Company dismissed Mr. Faik Fahmi from his
     Asrul Rose sebagai Direktur Operasi, dan Tuan                  position as President Director, Mr. Wendo Asrul
     Muhammad Suriawan Wakan sebagai Direktur                       Rose from his position as Director of Operations,
     Teknik.                                                        and Mr. Muhammad Suriawan Wakan from his
                                                                    position as Director of Engineering.

     Akta tersebut juga menetapkan perubahan                        The deed also stipulates changes to the
     nomenklatur     jabatan  Direksi  dengan                       nomenclature of the Board of Directors’ positions
     menambahkan posisi Wakil Direktur Utama,                       by adding the position of Vice President Director,
     mengubah nomenklatur Direktur Keuangan                         changing the nomenclature of Director of Finance
     menjadi Direktur Keuangan dan Manajemen                        to Director of Finance and Risk Management, and
     Risiko, serta menghapus jabatan Direktur                       remove the position of Director of Risk
     Manajemen Risiko.                                              Management.

     Perusahaan juga melakukan pengalihan tugas                     The Company also reassigned duties of Mr.
     Tuan Mohammad Rizal Pahlevi yang semula                        Mohammad Rizal Pahlevi, previously serving as
     menjabat sebagai Direktur Komersial menjadi                    Director of Commercial, became President
     Direktur Utama, Tuan Achmad Syahir yang                        Director, Mr. Achmad Syahir, previously serving
     semula menjabat sebagai Direktur Human Capital                 as Director of Human Capital, became Vice
     menjadi Wakil Direktur Utama, dan Tuan                         President Director, and Mr. Yanindya Bayu
     Yanindya Bayu Wirawan yang semula menjabat                     Wirawan, previously serving as Director of
     sebagai Direktur Keuangan menjadi Direktur                     Finance, became Director of Finance and Risk
     Keuangan dan Manajemen Risiko. Selain itu,                     Management. In addition, the Company
     Perusahaan mengangkat Tuan Veri Setiady                        appointed Mr. Veri Setiady as Director of
     sebagai Direktur Komersial, Tuan Adi Nugroho                   Commercial, Mr. Adi Nugroho as Director of
     sebagai Direktur Human Capital, Tuan Agus                      Human Capital, Mr. Agus Haryadi as Director of
     Haryadi sebagai Direktur Operasi, dan Tuan                     Operations, and Mr. Ristiyanto Eko Wibowo as
     Ristiyanto Eko Wibowo sebagai Direktur Teknik.                 Director of Engineering.




                                                         15
Page 485
                                                                                          The original consolidated financial statements included herein
                                                                                                                            are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                     PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)


1. UMUM (lanjutan)                                                                      1. GENERAL (continued)

  b. Dewan Komisaris, Direksi, Komite Audit dan                                              b. Boards of Commissioners, Directors, Audit
     Karyawan (lanjutan)                                                                        Committee and Employees (continued)

     Akta notaris tersebut telah diberitahukan kepada                                            The notarial deed has been notified to and
     dan diterima oleh Kementerian Hukum dan Hak                                                 received by the Ministry of Law and Human
     Asasi Manusia Republik Indonesia dan                                                        Rights of the Republic of Indonesia and has
     memperoleh surat penerimaan pemberitahuan                                                   obtained a notification acceptance letter No.
     No.       AHU-AH.01.09-0272788            tanggal                                           AHU-AH.01.09-0272788 dated May 28, 2025.
     28 Mei 2025.

     Susunan Komite Audit Perusahaan pada tanggal                                                The composition of the Company's Audit
     31 Desember 2025 dan 2024 adalah sebagai                                                    Committee as of December 31, 2025 and 2024
     berikut:                                                                                    are as follows:

                                                    31 Desember 2025/                     31 Desember 2024/
                                                    December 31, 2025                     December 31, 2024
       Komite Audit                                                                                                                            Audit Commitee
       Ketua                                                   Djamaluddin                           Djamaluddin                                      Chairman
       Wakil Ketua I                                            Imelda Sari                  Erwan Agus Purwanto                                Vice Chairman I
       Wakil Ketua II                                  Elly Engelbert Lasut                    Achmad Syah Reza                                Vice Chairman II
       Anggota                                    Irwanda Wisnu Wardhana                 Irwanda Wisnu Wardhana                                        Member
       Anggota                                                Ika Setyawati                         Ika Setyawati                                      Member

     Total manfaat yang dibayarkan oleh Kelompok                                                 Total benefits paid by by the Group to the Boards
     Usaha kepada Dewan Komisaris dan Direksi                                                    of Commissioners and Directors for the years
     untuk tahun yang berakhir pada tanggal                                                      ended December 31, 2025 and 2024 amounted
     31 Desember 2025 dan 2024 masing-masing                                                     to Rp75,717 and Rp85,101, respectively.
     sebesar Rp75.717 dan Rp85.101.

     Pada tanggal 31 Desember 2025 dan                                                           As of December 31, 2025 and 2024, the number
     2024, jumlah karyawan tetap Kelompok Usaha                                                  of permanent employees of the Group are 7,921
     masing-masing sebanyak 7.921 dan 8.084                                                      and 8,084 employees, respectively (unaudited).
     karyawan (tidak diaudit).

  c. Entitas  Anak,   Entitas                     Asosiasi         dan                       c. Subsidiary,  Associates                        and         Joint
     Pengaturan Bersama                                                                         Arrangements

     Pada tanggal 31 Desember 2025 dan 2024,                                                     As of December 31, 2025 and 2024, the
     Perusahaan memiliki entitas anak, entitas                                                   Company has subsidiary, associates and joint
     asosiasi dan pengaturan bersama dengan                                                      arrangements with effective percentage of
     persentase kepemilikan efektif sebagai berikut:                                             ownership as follows:
                                                                                                                                    Total Aset Sebelum Eliminasi/
                                                                                                       % Kepemilikan/Ownership %   Total Assets Before Elimination
                                                                                         Tahun
                    Nama                      Tempat        Kegiatan Usaha/             Pendirian/      31 Des/        31 Des/       31 Des/           31 Des/
                 Perusahaan/                Kedudukan/         Nature of                 Year of        Dec 31,        Dec 31,       Dec 31,           Dec 31,
                Company Name                 Domicile      Business Activities        Establishment      2025           2024          2025              2024

        Entitas Anak/Subsidiary

        Kepemilikan Langsung/Direct Ownership

        PT Angkasa Pura                                   Operator bandara/
           Aviasi (“AVI”)                Deli Serdang     Airport operator                2018              51,00          51,00       3.127.960        2.945.575




                                                                                 16
Page 486
                                                                                               The original consolidated financial statements included herein
                                                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                          Unless Otherwise Stated)


1. UMUM (lanjutan)                                                                           1. GENERAL (continued)

  c. Entitas  Anak,   Entitas    Asosiasi                               dan                       c. Subsidiary,   Associates                         and         Joint
     Pengaturan Bersama (lanjutan)                                                                   Arrangements (continued)

     Pada tanggal 31 Desember 2025 dan 2024,                                                          As of December 31, 2025 and 2024, the
     Perusahaan memiliki entitas anak, entitas                                                        Company has subsidiary, associates and joint
     asosiasi dan pengaturan bersama dengan                                                           arrangements with effective percentage of
     persentase kepemilikan efektif sebagai berikut:                                                  ownership as follows: (continued)
     (lanjutan)
                                                                                                                                           Total Aset Sebelum Eliminasi/
                                                                                                            % Kepemilikan/Ownership %     Total Assets Before Elimination
                                                                                              Tahun
                     Nama                     Tempat           Kegiatan Usaha/               Pendirian/      31 Des/        31 Des/         31 Des/           31 Des/
                  Perusahaan/               Kedudukan/            Nature of                   Year of        Dec 31,        Dec 31,         Dec 31,           Dec 31,
                 Company Name                Domicile         Business Activities          Establishment      2025           2024            2025              2024

        Entitas Asosiasi/Associates (Catatan/Notes 13)

        Kepemilikan Langsung/Direct Ownership

        PT Integrasi Aviasi
           Solusi (“IAS”)                 Tangerang           Logistik/Logistic                2016              99,99          99,99         6.149.215        6.207.895

        PT Jasamarga
           Bali Tol (“JBT”)               Bali                Jalan Tol/Highway                2011               6,31           6,31         1.890.367        1.893.224

        PT Bandarudara
           Internasional
           Jawa Barat                                         Operator bandara/
           (“BIJB”)                       Majalengka          Airport operator                 2018              19,51          19,51         2.784.059        2.804.769

                                                              Transportasi
                                                              kereta api bandara/
        PT Railink                                            Airport railway
           (“Railink”)                    Jakarta             transportation                   2005              40,00          40,00          536.547           432.369

                                                              Pemeliharaan,
        PT Garuda                                             perbaikan &
           Maintenace                                         perawatan
           Facility Aero                                      pesawat terbang/
           Asia Tbk.                                          Aircraft Maintenance,
           (“GMF”)                        Tangerang           Repair & Overhaul                2002              68,40                -     13.803.001         6.862.873



        Ventura Bersama/Joint Ventures (Catatan/Notes 13)

        Kepemilikan Langsung/Direct Ownership

        PT Bandara
           Internasional                                      Operator bandara/
           Batam (“BIB”)                  Batam               Airport operator                 2021              56,09          51,00          976.702           797.075


        Operasi Bersama/Joint Operation (Catatan/Notes 43n)

        Kepemilikan Langsung/Direct Ownership

        KSO Halim
          Perdanakusuma                                       Operator bandara/
          (“KSO HLP”)                     Jakarta             Airport operator                 2022              50,00          50,00           99.510            84.447




                                                                                      17
Page 487
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


1. UMUM (lanjutan)                                             1. GENERAL (continued)

   d. Pengalihan    Kepemilikan       Saham       dan             d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru                                          New Shares

     IAS                                                              IAS

     Berdasarkan      Akta      No.     280     tanggal              Based on the Deed No. 280 dated December 28,
     28 Desember 2023 yang dibuat oleh Jose Dima                     2023 made by Jose Dima Satria, S.H., M.Kn., a
     Satria, S.H., M.Kn., Notaris di Jakarta, pemegang               Notary in Jakarta, the shareholders of IAS
     saham IAS antara lain menyetujui hal-hal sebagai                approved to the following matters, among others:
     berikut:
     a. Menyetujui pembelian seluruh saham milik                     a. Approving the purchase of all shares owned
        Koperasi Karyawan PT Angkasa Pura II                            by Koperasi Karyawan PT Angkasa Pura II
        (Persero) Satya Ardhia dalam IAS sejumlah                       (Persero) Satya Ardhia in IAS (amounting to
        100 lembar saham dengan nilai nominal                           100 shares with a total nominal value of
        seluruhnya sebesar Rp100.000.000 (nilai                         Rp100,000,000 (full amount) by the Company
        penuh) oleh Perusahaan (dahulu AP2).                            (formerly AP2).

     b. Menyetujui perubahan klasifikasi saham IAS                   b. Approve the classification alteration of IAS
        menjadi:                                                        shares to:
        - Saham Seri I - merupakan saham dengan                         - I Series shares - represent shares with a
          klasifikasi khusus yang memberikan hak                            special classification that offers rights to I
          kepada pemegang saham Seri I,                                     Series shareholders, guided by the IAS’s
          sebagaimana diatur dalam Anggaran                                 Articles of Association, which is not
          Dasar IAS, yang tidak dimiliki oleh                               available to J Series shareholders; and
          pemegang saham Seri J; dan
        - Saham Seri J.                                                  -   J Series shares.

     c. Menyetujui untuk merubah klasifikasi saham                   c. Approval to change the classification of
        biasa yang telah ditempatkan dan disetor                        ordinary shares that have been issued and
        penuh oleh Perusahaan (dahulu AP2)                              fully paid by the Company (formerly AP2)
        sejumlah 200.000 lembar saham dengan nilai                      totaling 200,000 shares with a total nominal
        nominal seluruhnya sebesar Rp200.000 untuk                      value of Rp200,000 to be classified as J
        diklasifikasikan menjadi lembar Saham Seri J.                   Series shares.

     d. Menyetujui peningkatan modal dasar IAS                       d. Agree to increase the IAS's authorized capital
        yang semula senilai Rp800.000 yang terbagi                      from an initial value of Rp800,000 divided into
        atas 800.000 lembar saham dengan nilai                          800,000 shares with a nominal value of
        nominal Rp1.000.000 (nilai penuh) per lembar                    Rp1,000,000 (full amount) per share to a
        saham menjadi senilai Rp5.000.000 yang                          value of Rp5,000,000 divided into 5,000,000
        terbagi atas 5.000.000 lembar saham dengan                      shares with a nominal value of Rp1,000,000
        nilai nominal Rp1.000.000 (nilai penuh).                        (full amount).

      e. Menyetujui penerbitan saham baru dalam IAS                  e. Approve the issuance of new shares in IAS
         sebanyak 1 lembar saham Seri I dengan nilai                    amounting to 1 I Series share with a total
         nominal seluruhnya Rp1.000.000 (nilai penuh)                   nominal value of Rp1,000,000 (full amount)
         dan 1.086.907 lembar saham dengan nilai                        and 1,086,907 shares with a total nominal
         nominal seluruhnya sebesar Rp1.086.907 atau                    value of Rp1,086,907 equivalent to
         setara dengan Rp1.000.000 (nilai penuh) per                    Rp1,000,000 (full amount) per share.
         lembar saham.




                                                          18
Page 488
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


1. UMUM (lanjutan)                                              1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham           dan            d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                               New Shares (continued)

     IAS (lanjutan)                                                    IAS (continued)

      Berdasarkan       Akta     No.     280     tanggal              Based on the Deed No. 280 dated December 28,
      28 Desember 2023 yang dibuat oleh Jose Dima                     2023 made by Jose Dima Satria, S.H., M.Kn., a
      Satria, S.H., M.Kn., Notaris di Jakarta, pemegang               Notary in Jakarta, the shareholders of IAS
      saham IAS antara lain menyetujui hal-hal sebagai                approved to the following matters, among others:
      berikut: (lanjutan)                                             (continued)
      f. Menyetujui untuk menerima pengambilbagian                    f. Approval to accept allocation of new share
         atas penerbitan saham baru oleh:                                issuance by:
         - Injourney sebanyak 1 lembar saham Seri I                       - Injourney for 1 I Series share with a total
            dengan niai nominal seluruhnya sebesar                          nominal value of Rp1,000,000 (full
            Rp1.000.000 (nilai penuh) yang dilakukan                        amount), made in cash;
            secara tunai;
         - Perusahaan (dahulu AP2) sebanyak                               - The Company (formerly AP2) for 566,841 J
            566.841 lembar saham Seri J dengan nilai                        Series shares with a total nominal value of
            nominal seluruhnya sebesar Rp566.841;                           Rp566,841; and
            dan
         - Perusahaan (dahulu AP1) sebanyak                               - The Company (formerly AP1) for 520,066 J
            520.066 lembar saham Seri J dengan nilai                        Series shares with a total nominal value of
            nominal seluruhnya sebesar Rp520.066.                           Rp520,066.

      g. Menyetujui untuk menerima pembayaran atas                    g. Approve to accept payment for the price of the
         harga pengambilbagian saham baru oleh                           new share allocation by the Company
         Perusahaan (dahulu AP2 dan AP1) dengan                          (formerly AP2 and AP1) by transferring shares
         cara pengalihan saham melalui mekanisme                         through the inbreng mechanism of shares
         inbreng saham milik Perusahaan (dahulu AP2                      owned by the Company (formerly AP2 and
         dan AP1) di dalam masing-masing anak                            AP1) in each of its subsidiaries to IAS with the
         perusahaannya kepada IAS dengan rincian                         following details:
         sebagai berikut:
         - Saham milik Perusahaan (dahulu AP2) di                         - Shares owned by the Company (formerly
            dalam:                                                          AP2) in:
            a. PT IAS Support (“IASS”) sebanyak                             a. PT IAS Support (“IASS”) for 467,539
               467.539 lembar saham atau sebesar                               shares or 99.997% share ownership,
               99,997% kepemilikan saham, dengan                               with    a     valuation     value     of
               nilai valuasi sebesar Rp814.998.214.526                         Rp814,998,214,526 (full amount) or
               (nilai penuh) atau senilai dengan                               equivalent to Rp1,743,166 (full amount)
               Rp1.743.166 (nilai penuh) per lembar                            per share for the allocation of new IAS
               saham untuk pengambilbagian saham                               shares by the Company (formerly AP2)
               baru IAS oleh Perusahaan (dahulu AP2)                           amounting to 309,003 shares.
               sebanyak 309.003 lembar saham.




                                                           19
Page 489
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


1. UMUM (lanjutan)                                                1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham             dan            d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                                 New Shares (continued)

     IAS (lanjutan)                                                      IAS (continued)

      Berdasarkan       Akta       No.    280      tanggal              Based on the Deed No. 280 dated December 28,
      28 Desember 2023 yang dibuat oleh Jose Dima                       2023 made by Jose Dima Satria, S.H., M.Kn., a
      Satria, S.H., M.Kn., Notaris di Jakarta, pemegang                 Notary in Jakarta, the shareholders of IAS
      saham IAS antara lain menyetujui hal-hal sebagai                  approved to the following matters, among others:
      berikut: (lanjutan)                                               (continued)
      g. Menyetujui untuk menerima pembayaran atas                      g. Approve to accept payment for the price of the
         harga pengambilbagian saham baru oleh                             new share allocation by the Company
         Perusahaan (dahulu AP2 dan AP1) dengan                            (formerly AP2 and AP1) by transferring shares
         cara pengalihan saham melalui mekanisme                           through the inbreng mechanism of shares
         inbreng saham milik Perusahaan (dahulu AP2                        owned by the Company (formerly AP2 and
         dan AP1) di dalam masing-masing anak                              AP1) in each of its subsidiaries to IAS with the
         perusahaannya kepada IAS dengan rincian                           following details: (continued)
         sebagai berikut: (lanjutan)
         - Saham milik Perusahaan (dahulu AP2) di                           - Shares owned by the Company (formerly
            dalam: (lanjutan)                                                 AP2) in: (continued)
            b. PT Angkasa Pura Propertindo (“APP2”)                           b. PT Angkasa Pura Propertindo (“APP2”)
               sebanyak 149.900 lembar saham                                     for 149,900 shares with a total nominal
               dengan nilai nominal seluruhnya sebesar                           value of Rp149,900,000,000 (full
               Rp149.900.000.000 (nilai penuh) atau                              amount) or 99.933% share ownership,
               sebesar 99,933% kepemilikan saham,                                with     a    valuation     value     of
               dengan        nilai    valuasi     sebesar                        Rp329,756,299,747 (full amount) or
               Rp329.756.299.747 (nilai penuh) atau                              equivalent to Rp2,199,842 (full amount)
               senilai dengan Rp2.199.842 (nilai penuh)                          per share for the allocation of new IAS
               per        lembar       saham         untuk                       shares by the Company (formerly AP2)
               pengambilbagian saham baru IAS oleh                               amounting to 125,026 shares.
               Perusahaan (dahulu AP2) sebanyak
               125.026 lembar saham.
            c. PT      Gapura      Angkasa     (“Gapura”)                      c. PT Gapura Angkasa (“Gapura”) for
               sebanyak 1.291.000 lembar saham                                    1,291,000 shares with a total nominal
               dengan nilai nominal seluruhnya sebesar                            value of Rp129,100,000,000 (full
               Rp129.100.000.000 (nilai penuh) atau                               amount) or 46.62% share ownership,
               sebesar 46,62% kepemilikan saham,                                  with    a     valuation     value     of
               dengan        nilai    valuasi     sebesar                         Rp350,292,589,519 (full amount) or
               Rp350.292.589.519 (nilai penuh) atau                               equivalent to Rp271,334 (full amount)
               senilai dengan Rp271.334 (nilai penuh)                             per share for the allocation of new IAS
               per        lembar       saham         untuk                        shares by the Company amounting to
               pengambilbagian saham baru IAS oleh                                132,812 shares.
               Perusahaan sebanyak 132.812 lembar
               saham.




                                                             20
Page 490
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


1. UMUM (lanjutan)                                              1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham          dan             d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                               New Shares (continued)

     IAS (lanjutan)                                                    IAS (continued)

      Berdasarkan       Akta       No.     280   tanggal              Based on the Deed No. 280 dated December 28,
      28 Desember 2023 yang dibuat oleh Jose Dima                     2023 made by Jose Dima Satria, S.H., M.Kn., a
      Satria, S.H., M.Kn., Notaris di Jakarta, pemegang               Notary in Jakarta, the shareholders of IAS
      saham IAS antara lain menyetujui hal-hal sebagai                approved to the following matters, among others:
      berikut: (lanjutan)                                             (continued)
      g. Menyetujui untuk menerima pembayaran atas                    g. Approve to accept payment for the price of the
         harga pengambilbagian saham baru oleh                           new share allocation by the Company
         Perusahaan (dahulu AP2 dan AP1) dengan                          (formerly AP2 and AP1) by transferring shares
         cara pengalihan saham melalui mekanisme                         through the inbreng mechanism of shares
         inbreng saham milik Perusahaan (dahulu AP2                      owned by the Company (formerly AP2 and
         dan AP1) di dalam masing-masing anak                            AP1) in each of its subsidiaries to IAS with the
         perusahaannya kepada IAS dengan rincian                         following details: (continued)
         sebagai berikut: (lanjutan)
          - Saham milik Perusahaan (dahulu AP1) di                        - Shares owned by the Company (formerly
            dalam:                                                          AP1) in:
            a. PT Angkasa Pura Logistik (“APL”)                             a. PT Angkasa Pura Logistik (“APL”) for
               sebanyak 263.520 lembar saham dengan                            263,520 shares with a total nominal
               nilai   nominal seluruhnya sebesar                              value of Rp263,520,000,000 (full
               Rp263.520.000.000 (nilai penuh) atau                            amount) or 99.72% share ownership,
               sebesar 99,72% kepemilikan saham,                               with    a      valuation    value     of
               dengan        nilai     valuasi   sebesar                       Rp545,464,062,936 (full amount) or
               Rp545.464.062.936 (nilai penuh) atau                            equivalent to Rp2,069,915 (full amount)
               senilai dengan Rp2.069.915 (nilai penuh)                        per share for the allocation of new IAS
               per        lembar        saham      untuk                       shares by the Company (formerly AP1)
               pengambilbagian saham baru IAS oleh                             amounting to 206,810 shares.
               Perusahaan (dahulu AP1) sebanyak
               206.810 lembar saham.
            b. PT Angkasa Pura Suport (“APS1”)                               b. PT Angkasa Pura Suport (“APS1”) for
               sebanyak 378.750 lembar saham dengan                             378,750 shares with a total nominal
               nilai   nominal seluruhnya sebesar                               value of Rp378,350,000,000 (full
               Rp378.350.000.000 (nilai penuh) atau                             amount) or 99.81% share ownership,
               sebesar 99,81% kepemilikan saham,                                with    a      valuation    value     of
               dengan        nilai     valuasi   sebesar                        Rp767,867,987,991 (full amount) or
               Rp767.867.987.991 (nilai penuh) atau                             equivalent to Rp2,027,034 (full amount)
               senilai dengan Rp2.027.034 (nilai penuh)                         per share for the allocation of new IAS
               per        lembar        saham      untuk                        shares by the Company (formerly AP1)
               pengambilbagian saham baru IAS oleh                              amounting to 291,134 shares.
               Perusahaan (dahulu AP1) sebanyak
               291.134 lembar saham.




                                                           21
Page 491
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


1. UMUM (lanjutan)                                             1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham          dan            d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                              New Shares (continued)

     IAS (lanjutan)                                                   IAS (continued)

     Berdasarkan       Akta       No.     280   tanggal              Based on the Deed No. 280 dated December 28,
     28 Desember 2023 yang dibuat oleh Jose Dima                     2023 made by Jose Dima Satria, S.H., M.Kn., a
     Satria, S.H., M.Kn., Notaris di Jakarta, pemegang               Notary in Jakarta, the shareholders of IAS
     saham IAS antara lain menyetujui hal-hal sebagai                approved to the following matters, among others:
     berikut: (lanjutan)                                             (continued)
     g. Menyetujui untuk menerima pembayaran atas                    g. Approve to accept payment for the price of the
        harga pengambilbagian saham baru oleh                           new share allocation by the Company
        Perusahaan (dahulu AP2 dan AP1) dengan                          (formerly AP2 and AP1) by transferring shares
        cara pengalihan saham melalui mekanisme                         through the inbreng mechanism of shares
        inbreng saham milik Perusahaan (dahulu AP2                      owned by the Company (formerly AP2 and
        dan AP1) di dalam masing-masing anak                            AP1) in each of its subsidiaries to IAS with the
        perusahaannya kepada IAS dengan rincian                         following details: (continued)
        sebagai berikut: (lanjutan)
        - Saham milik Perusahaan (dahulu AP1) di                         - Shares owned by the Company (formerly
           dalam: (lanjutan)                                               AP1) in: (continued)
           c. Gapura sebanyak 215.040 lembar saham                         c. Gapura for 215,040 shares with a total
              dengan nilai nominal seluruhnya sebesar                         nominal value of Rp21,504,000,000 (full
              Rp21.504.000.000 (nilai penuh) atau                             amount) or 7.76% share ownership, with
              sebesar 7,76% kepemilikan saham,                                a valuation value of Rp58,347,729,241
              dengan        nilai     valuasi   sebesar                       (full amount) or equivalent to Rp271,334
              Rp58.347.729.241 (nilai penuh) atau                             (full amount) per share for the allocation
              senilai dengan Rp271.334 (nilai penuh)                          of new IAS shares by the Company
              per        lembar        saham      untuk                       (formerly AP1) amounting to 22,122
              pengambilbagian saham baru IAS oleh                             shares.
              Perusahaan (dahulu AP1) sebanyak
              22.122 lembar saham.

      h. Menyetujui peningkatan modal disetor dan                    h. Agree to increase the issued and paid-up
         ditempatkan pada IAS yang semula senilai                       capital in IAS, from an initial value of
         Rp200.000.000 terbagi atas 200.000 lembar                      Rp200,000,000 divided into 200,000 shares
         saham dengan nilai nominal Rp1.000.000                         with a nominal value of Rp1,000,000 (full
         (nilai penuh) per lembar saham menjadi senilai                 amount)       per    share     to    become
         Rp1.286.908.000.000 (nilai penuh) terbagi                      Rp1,286,908,000,000 (full amount) divided
         atas 1 lembar saham Seri I dengan nilai                        into 1 I Series share with a nominal value of
         nominal Rp1.000.000 (nilai penuh) per lembar                   Rp1,000,000 (full amount) per share and
         saham dan 1.286.907 lembar saham Seri J                        1,286,907 J Series shares with a nominal
         dengan nilai nominal Rp1.000.000 (nilai                        value of Rp1,000,000 (full amount) per share.
         penuh) per lembar saham.




                                                          22
Page 492
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


1. UMUM (lanjutan)                                                1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham             dan            d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                                 New Shares (continued)

     IAS (lanjutan)                                                     IAS (continued)

      Berdasarkan       Akta     No.     280      tanggal               Based on the Deed No. 280 dated December 28,
      28 Desember 2023 yang dibuat oleh Jose Dima                       2023 made by Jose Dima Satria, S.H., M.Kn., a
      Satria, S.H., M.Kn., Notaris di Jakarta, pemegang                 Notary in Jakarta, the shareholders of IAS
      saham IAS antara lain menyetujui hal-hal sebagai                  approved to the following matters, among others:
      berikut: (lanjutan)                                               (continued)
      i. Menyetujui      pengambilalihan      IAS     oleh              i. Approve the takeover of IAS by Injourney
         Injourney melalui pengambilalihan saham baru                      through the takeover of new shares by
         oleh Injourney, dan oleh karenanya terjadi                        Injourney, causing a change of control from
         perubahan        pengendalian      dari     yang                  previously controlled by the Company
         sebelumnya dikendalikan oleh Perusahaan                           (formerly AP2) to being controlled by
         (dahulu AP2) menjadi dikendalikan oleh                            Injourney.
         Injourney.

      j. Menyetujui bahwa sehubungan dengan                             j. Agree that in connection with the change of
         perubahan    pengendalian     atas     IAS,                       control over IAS, the Company (formerly AP2)
         Perusahaan (dahulu AP2) dengan ini sepakat                        hereby agrees to move the consolidation of
         untuk memindahkan konsolidasi laporan                             IAS financial statements to be consolidated by
         keuangan IAS menjadi terkonsolidasi kepada                        Injourney.
         Injourney.

     k. Menyetujui perubahan anggaran dasar IAS                         k. Approve changes to the articles of association
        termasuk namun tidak terbatas pada                                 of IAS including but not limited to changes in
        perubahan nama IAS, perubahan Pasal 3                              the IAS name, changes to Article 3 regarding
        mengenai maksud dan tujuan, serta kegiatan                         the purpose and objectives, and the business
        usaha IAS dalam bentuk perubahan dan                               activities of IAS in the form of revisions and
        pernyataan kembali anggaran dasar IAS.                             restatement of the IAS articles of association.

     l. Menyetujui bahwa pengalihan saham anak                          l. Approve that the transfer of shares in
        perusahaan milik Perusahaan (dahulu AP2                            subsidiaries owned by the Company (formerly
        dan AP1) yang dilakukan melalui mekanisme                          AP1 and AP2) carried out through the inbreng
        inbreng akan berlaku pada saat efektifnya                          mechanism will take effect at the effective time
        pengambilbagian saham baru yaitu pada                              of the acquisition of new shares, namely on
        tanggal diterbitkannya persetujuan dan bukti                       the date of issuance of approval and receipt of
        penerimaan pemberitahuan dari Menteri                              notification from the Minister of Law and
        Hukum dan Hak Asasi Manusia terkait                                Human Rights regarding changes to the
        perubahan anggaran dasar dan data IAS.                             articles of association and IAS data.

      Perubahan anggaran dasar IAS tersebut telah                       The amendments to the articles of association of
      diberitahukan kepada dan diterima oleh Menteri                    IAS have been notified and received by the
      Hukum dan Hak Asasi Manusi Republik                               Minister of Law and Human Rights of the
      Indonesia    masing-masing     melalui   Surat                    Republic of Indonesia, respectively, through
      Penerimaan      Pemberitahuan       Perubahan                     Letter of Acceptance of Notification of
      Anggaran Dasar dan Surat Keputusan tanggal                        Amendment to the Articles of Association and
      4 Januari 2024.                                                   Decision Letter dated January 4, 2024.




                                                             23
Page 493
                                                                     The original consolidated financial statements included herein
                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


1. UMUM (lanjutan)                                                 1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham           dan                   d. Transfer of Shares Ownership and Issuance
      Penerbitan Saham Baru (lanjutan)                                      of New Shares (continued)

     IAS (lanjutan)                                                         IAS (continued)

     Pengalihan saham tersebut di atas memenuhi                             The transfers of shares meet the criteria of
     kategori kombinasi bisnis antara entitas                               business combination of entities under common
     sepengendali sebagaimana diuraikan di dalam                            control as described in PSAK 338: Business
     PSAK     338:   Kombinasi   Bisnis   Entitas                           Combinations of Entities Under Common Control.
     Sepengendali.

     Selisih antara jumlah imbalan yang dialihkan                           The difference between the consideration paid
     dengan bagian atas nilai tercatat aset neto entitas                    and share in carrying amount of the transferred
     yang dialihkan diakui sebagai bagian dari akun                         entities net assets are recognized as part of the
     “Tambahan Modal Disetor” pada laporan posisi                           "Additional Paid-in Capital" account in the
     keuangan konsolidasian dengan perhitungan                              consolidated statement of financial position with
     sebagai berikut:                                                       calculation as follows:

                                                                               Bagian atas
                                                                              Nilai Tercatat
                                                                                Aset Neto
                                                                               Entitas yang
                                                                                Dialihkan/
                                                                                 Share in                              Tambahan
                                                                                Carrying                                 Modal
                                Tanggal Efektif      Imbalan yang             Amount of the                             Disetor/
            Entitas yang          Transaksi/           Dialihkan/              Transferred           Dampak            Additional
             Dialihkan/         Effective Date      Considerations             Entities’ Net          Pajak/            Paid-in
         Transferred Entities   of Transaction            Paid                   Assets             Tax Effect          Capital
         Entitas yang
         dialihkan dari AP1
         ke IAS/Entities
         transferred from
         AP1 to IAS
                                    4 Jan 2024/
         APL                        Jan 4, 2024             (545.464)                271.193             62.028           (212.243)
                                    4 Jan 2024/
         APS1                       Jan 4, 2024             (767.868)                471.736             85.606           (210.526)
                                    4 Jan 2024/
         Gapura                     Jan 4, 2024              (58.348)                 17.651              8.106            (32.591)

         Entitas yang
         dialihkan dari AP2
         ke IAS/Entities
         transferred from
         AP2 to IAS
                                    4 Jan 2024/
         IASS                       Jan 4, 2024             (814.998)                401.421            155.791           (257.786)
                                    4 Jan 2024/
         APP2                       Jan 4, 2024             (329.756)                187.759             39.568           (102.429)
                                    4 Jan 2024/
         Gapura                     Jan 4, 2024              (350.293)               105.971             48.662           (195.660)
                                                           (2.866.727)             1.455.731            399.761         (1.011.235)


     Dampak pajak pada tabel tersebut di atas dihitung                      Tax effect on the table above are calculated from
     dari laba pelepasan saham menurut ketentuan                            gain on disposal of shares in accordance with
     perpajakan (capital gain) dengan memanfaatkan                          tax regulation (capital gain) by utilizing fiscal loss
     rugi fiskal yang dimiliki Perusahaan (dahulu AP1                       owned by the Company (formerly AP1 and
     dan AP2). Dengan demikian, tidak terdapat                              AP2). Therefore, no tax liabilities to be
     kewajiban pajak yang harus diakui oleh                                 recognized by the Company (formerly AP1 &
     Perusahaan (dahulu AP1 dan AP2) dalam laporan                          AP2) in their financial statements.
     keuangannya.



                                                            24
Page 494
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


1. UMUM (lanjutan)                                           1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham        dan             d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                             New Shares (continued)

     IAS (lanjutan)                                                IAS (continued)

     Berdasarkan Akta Notaris oleh Jose Dima Satria,               Based on the Notary Deed of Jose Dima Satria,
     S.H., M.Kn., No. 228 tanggal 28 Desember 2023,                S.H., M.Kn., No. 228 dated December 28, 2023,
     Koperasi Karyawan PT Angkasa Pura II (Persero)                Koperasi Karyawan PT Angkasa Pura II (Persero)
     Satya Ardhia setuju untuk mengalihkan 100                     Satya Ardhia agreed to transfer 100 shares to the
     lembar sahamnya kepada Perusahaan (dahulu                     Company (formerly AP2) at a price of
     AP2) dengan Rp2.637.509 (nilai penuh) per                     Rp2,637,509 (full amount) per share, or a total of
     saham atau senilai Rp263.750.900 (nilai penuh).               Rp263,750,900 (full amount). As a result, the
     Dengan      demikian,    kepemilikan     saham                Company's shareholding in IAS increased to
     Perusahaan di IAS menjadi 200.000 lembar atau                 200,000 shares or 100%.
     100%.

     Selisih antara jumlah imbalan yang dialihkan                  The difference between the consideration paid
     dengan jumlah penambahan aset neto di IAS                     and the carrying amount of the net assets in IAS
     sebesar Rp164 diakui sebagai bagian dari akun                 amounting to Rp164 is recognized as part of the
     “Tambahan Modal Disetor” pada laporan posisi                  "Additional Paid-in Capital" account in the
     keuangan konsolidasian.                                       consolidated statement of financial position.

     PT IAS Hospitality Indonesia (“IASH”)                         PT IAS Hospitality Indonesia (“IASH”)

     Pada tanggal 2 Januari 2024, berdasarkan Akta                 On January 2, 2024, based on Notarial Deed by
     Notaris Nabila Mazaya Putri, S.H., M.Kn.,                     Nabila Mazaya Putri, S.H., M.Kn., No. 2
     No. 2 tentang Perubahan Peningkatan Modal                     regarding Changes Increase of Paid-in Capital of
     Disetor IASH, para pemegang saham menyetujui                  IASH. The shareholders approved IASH
     rencana aksi korporasi IASH diantaranya                       corporate action plan, including the transfer of
     peralihan bisnis dan segmen usaha Lounge,                     business and business segments of Lounge,
     Inflight Catering (IFC), dan Passenger Handling               Inflight Catering (IFC), and Passenger Handling
     (PASS) dari PT Angkasa Pura Hotel (“APH”)                     (PASS) from PT Angkasa Pura Hotel (“APH”) to
     kepada IASH dengan nilai akuisisi sebesar                     IASH with an acquisition value of Rp286,573.
     Rp286.573. Nilai tersebut akan dicatat sebagai                This amount will be recorded as an increase in
     penambahan penyertaan modal APH pada IASH                     APH's paid-in capital in IASH by Rp45,000, and
     sebesar Rp45.000 dan sisanya akan dicatatkan                  the remainder will be recorded by IASH as
     oleh IASH sebagai penerimaan pinjaman atau                    receipt of a loan or shareholder loan from APH
     shareholder loan dari APH sebesar Rp241.573.                  amounting to Rp241,573.

     Pada tanggal 22 Januari 2024, berdasarkan Akta                On January 22, 2024, based on Notarial Deed by
     Notaris Jose Dima Satria, S.H., M.Kn.,                        Jose Dima Satria, S.H., M.Kn., No. 85
     No. 85 tentang Perubahan Anggaran Dasar                       concerning the Amendment of The Articles of
     IASH. Berdasarkan akta tersebut, para                         Association of IASH. According to the deed, the
     pemegang saham menyetujui rencana aksi                        shareholders approved the IASH’s corporate
     korporasi IASH antara lain:                                   action plan among others:
     1. Menyetujui penyelesaian utang piutang                      1. Approving the settlement of receivables and
        melalui transaksi net-off utang piutang pihak                 payables through a net-off transaction of
        berelasi (debt to equity swap) IASH kepada                    receivables and payables to related parties
        Perusahaan       (dahulu     AP1)     sebesar                 (debt to equity swap) from IASH to the
        Rp311.836.874.997 (nilai penuh) menjadi                       Company (formerly AP1) amounting to
        setoran modal atas saham Perusahaan                           Rp311,836,874,997 (full amount) to be
        (dahulu AP1) dalam IASH.                                      considered as capital injection for shares of
                                                                      the Company (formerly AP1) in IASH.




                                                        25
Page 495
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


1. UMUM (lanjutan)                                              1. GENERAL (continued)

   d. Pengalihan    Kepemilikan     Saham          dan             d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                                New Shares (continued)

     PT IAS       Hospitality   Indonesia     (“IASH”)                PT IAS Hospitality             Indonesia      (“IASH”)
     (lanjutan)                                                       (continued)

     Pada tanggal 22 Januari 2024, berdasarkan Akta                   On January 22, 2024, based on Notarial Deed by
     Notaris Jose Dima Satria, S.H., M.Kn.,                           Jose Dima Satria, S.H., M.Kn., No. 85
     No. 85 tentang Perubahan Anggaran Dasar                          concerning the Amendment of The Articles of
     IASH. Berdasarkan akta tersebut, para pemegang                   Association of IASH. According to the deed, the
     saham menyetujui rencana aksi korporasi IASH                     shareholders approved the IASH’s corporate
     antara lain: (lanjutan)                                          action plan among others: (continued)
     2. Menyetujui pengambilalihan kepemilikan                        2. Approving the acquisition of APH's share
         saham APH di IASH oleh Perusahaan (dahulu                       ownership in IASH by the Company (formerly
         AP1) sehingga seluruh saham sebanyak                            AP1), thus transferring all 46,250 shares
         46.250 lembar milik APH beralih ke                              owned by APH to the Company (formerly
         Perusahaan (dahulu AP1).                                        AP1).

     Berdasarkan Akta Pernyataan Keputusan                            Based on the Deed of Statement of
     Pemegang Saham PT Angkasa Pura Retail                            Shareholders' Decree of PT Angkasa Pura Retail
     No. 112 tanggal 29 Januari 2024 oleh Jose Dima                   No. 112 dated January 29, 2024 of Jose Dima
     Satria, S.H., M.Kn., Notaris di Jakarta, pemegang                Satria, S.H., M.Kn., a Notary in Jakarta, the
     saham menyetujui pengalihan seluruh saham                        shareholders approved the transfer of all IASH
     IASH milik Perusahaan (dahulu AP1) sebanyak                      shares owned by the Company (formerly AP1)
     406.836 lembar saham dengan nilai nominal                        amounting to 406,836 shares with nominal value
     Rp406.836 melalui mekanisme inbreng kepada                       of Rp406,836 through inbreng mechanism to
     IAS.                                                             IAS.

     Akta tersebut di atas telah diberitahukan kepada                 The above deed has been notified to and
     dan diterima oleh Kementerian Hukum dan Hak                      received by the Ministry of Law and Human
     Asasi Manusia melalui Surat Penerimaan                           Rights through its Notification Receipt Letter of
     Pemberitahuan Perubahan Data Perseroan                           the       Company’s           Data       Change
     No. AHU-AH.01.09-0040721 tanggal 29 Januari                      No. AHU-AH.01.09-0040721 dated January 29,
     2024.                                                            2024.

     Berdasarkan Akta Pernyataan Keputusan                            Based on the Deed of Statement of
     Pemegang Saham IAS No. 110 tanggal                               Shareholders' Decree of IAS No. 110 dated
     29 Januari 2024 oleh Jose Dima Satria, S.H.,                     January 29, 2024 of Jose Dima Satria, S.H.,
     M.Kn., Notaris di Jakarta, nilai valuasi pengalihan              M.Kn., a Notary in Jakarta, the valuation value of
     saham IASH tersebut di atas sebesar Rp300.645                    IASH amounting to Rp300,645 with allocation of
     dengan pengambilbagian saham baru IAS oleh                       new IAS’s shares by the Company (formerly
     Perusahaan (dahulu AP1) sebanyak 113.988                         AP1) amounting to 113,988 shares.
     lembar saham.

     Akta tersebut di atas telah diberitahukan kepada                 The above deed has been notified to and
     dan diterima oleh Kementerian Hukum dan Hak                      received by the Ministry of Law and Human
     Asasi Manusia melalui Surat Penerimaan                           Rights through its Notification Receipt Letter of
     Pemberitahuan Perubahan Anggaran Dasar No.                       the Company’s Change of Article of Association
     AHU-AH.01.03-0026800 tanggal 29 Januari 2024.                    No. AHU-AH.01.03-0026800 dated January 29,
                                                                      2024.




                                                           26
Page 496
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


1. UMUM (lanjutan)                                                 1. GENERAL (continued)

   d. Pengalihan    Kepemilikan     Saham            dan              d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                                   New Shares (continued)

     PT IAS       Hospitality     Indonesia     (“IASH”)                    PT IAS Hospitality           Indonesia      (“IASH”)
     (lanjutan)                                                             (continued)

     Pengalihan saham tersebut di atas memenuhi                             The transfers of shares meet the criteria of
     kategori kombinasi bisnis antara entitas                               business combination of entities under common
     sepengendali sebagaimana diuraikan di dalam                            control as described in PSAK 338: Business
     PSAK     338:   Kombinasi   Bisnis   Entitas                           Combinations of Entities Under Common Control.
     Sepengendali.

     Selisih antara jumlah imbalan yang dialihkan                           The difference between the consideration paid
     dengan jumlah penambahan aset neto di IAS                              and the carrying amount of the net assets in IAS
     diakui sebagai bagian dari akun “Tambahan                              is recognized as part of the "Additional Paid-in
     Modal Disetor” pada laporan posisi keuangan                            Capital" account in the consolidated statement of
     konsolidasian dengan perhitungan sebagai                               financial position with calculation as follows:
     berikut:
                                              Nilai yang diakui pada saat Transaksi/
                                               Amount Recognized on Transaction

       Bagian atas nilai tercatat aset                                                              Share in carrying amount of
          neto entitas yang dialihkan                             56.722                   the transferred entities net assets
       Imbalan yang dialihkan                                   (300.645)                                    Consideration paid
       Dampak pajak                                              (23.362)                                              Tax effect

       Tambahan modal disetor                                  (267.285)                            Additional paid-in capital


     Tidak terdapat kewajiban pajak yang harus diakui                       No tax liabilities to be recognized by the
     oleh Perusahaan (dahulu AP1) dalam laporan                             Company (formerly AP1) in their consolidated
     keuangan konsolidasian, karena transaksi ini                           financial statements, as the transaction is a loss
     merupakan rugi pelepasan saham menurut                                 on disposal of shares in accordance with tax
     perpajakan (capital loss).                                             regulation (capital loss).

     PT IAS Property Indonesia (“IASP”) dan                                 PT IAS Property Indonesia (“IASP”) and
     PT Angkasa Pura Hotel (“APH”)                                          PT Angkasa Pura Hotel (“APH”)

     Berdasarkan       Akta    No.     147    tanggal                       Based on Deed No. 147 dated November 21,
     21 November 2024 tentang Pernyataan                                    2024, regarding the Statement of Shareholders'
     Keputusan Pemegang Saham dan Perubahan                                 Decision and Amendments to the Articles of
     Anggaran Dasar IAS oleh Jose Dima Satria, S.H.,                        Association of IAS of Jose Dima Satria, S.H.,
     M.Kn., Notaris di Jakarta, pemegang saham IAS                          M.Kn., Notary in Jakarta, the shareholders of
     menyetujui:                                                            IAS agreed to:
     i. Menyetujui penerbitan 351.965 lembar saham                          i. Approved the issuance of 351,965 new J
         baru Seri J dalam IAS untuk kemudian diambil                          Series shares in IAS, which will then be
         bagian oleh Perusahaan dengan total nilai                             acquired by the Company with a total value
         sebesar Rp351.965 yang berasal dari                                   of Rp351,965, originating from the transfer of
         pemindahan hak atas saham dengan                                      rights over shares through an inbreng
         mekanisme inbreng atas seluruh saham yang                             mechanism on all shares owned by the
         dimiliki Perusahaan dalam IASP dan APH.                               Company in IASP and APH.




                                                             27
Page 497
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


1. UMUM (lanjutan)                                           1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham        dan            d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                            New Shares (continued)

      PT IAS Property Indonesia (“IASP”) dan                        PT IAS Property Indonesia (“IASP”) and
      PT Angkasa Pura Hotel (“APH”) (lanjutan)                      PT Angkasa Pura Hotel (“APH”) (continued)

      Berdasarkan      Akta     No.   147    tanggal                Based on Deed No. 147 dated November 21,
      21 November 2024 tentang Pernyataan                           2024, regarding the Statement of Shareholders'
      Keputusan Pemegang Saham dan Perubahan                        Decision and Amendments to the Articles of
      Anggaran Dasar IAS oleh Jose Dima Satria, S.H.,               Association of IAS of Jose Dima Satria, S.H.,
      M.Kn., Notaris di Jakarta, pemegang saham IAS                 M.Kn., Notary in Jakarta, the shareholders of
      menyetujui: (lanjutan)                                        IAS agreed to: (continued)
      ii. Rincian dari transaksi tersebut adalah                    ii. The details of the transaction are as follows:
          sebagai berikut:
          a) APH sebanyak 603.614 lembar saham                          a) APH with 603,614 shares or 99.99%
             atau 99,99% porsi kepemilikan dengan                          ownership, valued at Rp724,624, will
             nilai valuasi sebesar Rp724.624 untuk                         acquire 275,639 new J Series shares in
             mengambil bagian saham baru Seri J IAS                        IAS; and
             sebanyak 275.639 lembar saham; dan
          b) IASP sebanyak 169.930 lembar saham                         b) IASP with 169,930 shares or 99.96%
             atau sebesar 99,96% porsi kepemilikan                         ownership, valued at Rp200,653, will
             dengan nilai valuasi sebesar Rp200.653                        acquire 76,326 new J Series shares in
             untuk mengambil bagian saham baru Seri                        IAS.
             J IAS sebanyak 76.326 lembar saham.

     iii. Menyetujui penambahan modal ditempatkan                  iii. Approved the increase in the issued and
          dan disetor IAS yang semula senilai                           paid-up capital of IAS, which was initially
          Rp1.400.896 yang terbagi atas 1 lembar                        valued at Rp1,400,896, consisting of 1 I
          saham Seri I dan 1.400.895 lembar saham                       Series share and 1,400,895 J Series shares,
          Seri J menjadi senilai Rp1.752.861 yang                       to Rp1,752,861, consisting of 1 I Series
          terbagi atas 1 lembar saham Seri I dan                        share and 1,752,860 Series J shares,
          1.752.860 lembar saham Seri J melalui                         through the issuance of 351,965 Series J
          penerbitan saham Seri J sebanyak 351.965                      shares with a total value of Rp351,965.
          lembar saham dengan nilai sebesar
          Rp351.965.

      Akta   notaris  tersebut   telah    disetujui                The notarial deed has been authorized by the
      oleh   Kementerian    Hukum      dan    Hak                  Ministry of Law and Human Rights of the
      Asasi  Manusia Republik Indonesia dan                        Republic of Indonesia and received the approval
      memperoleh         surat         persetujuan                 letter No. AHU-0075173.AH.01.02.Year 2024
      No. AHU-0075173.AH.01.02.Tahun 2024 tanggal                  dated November 21, 2024.
      21 November 2024.




                                                        28
Page 498
                                                                     The original consolidated financial statements included herein
                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                             PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


1. UMUM (lanjutan)                                              1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham          dan                  d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                                    New Shares (continued)

      PT IAS Property Indonesia (“IASP”) dan                               PT IAS Property Indonesia (“IASP”) and
      PT Angkasa Pura Hotel (“APH”) (lanjutan)                             PT Angkasa Pura Hotel (“APH”) (continued)

      Pengalihan saham tersebut di atas memenuhi                          The transfers of shares meet the criteria of
      kategori kombinasi bisnis antara entitas                            business combination of entities under common
      sepengendali sebagaimana diuraikan di dalam                         control as described in PSAK 338: Business
      PSAK     338:   Kombinasi   Bisnis   Entitas                        Combinations of Entities Under Common Control.
      Sepengendali.

      Selisih antara jumlah imbalan yang dialihkan                        The difference between the consideration paid
      dengan bagian atas nilai tercatat aset neto                         and share in carrying amount of the transferred
      entitas yang dialihkan diakui sebagai bagian dari                   entities net assets are recognized as part of the
      akun “Tambahan Modal Disetor” pada laporan                          "Additional Paid-in Capital" account in the
      posisi    keuangan      konsolidasian    dengan                     consolidated statement of financial position with
      perhitungan sebagai berikut:                                        calculation as follows:

                                                                              Bagian atas
                                                                             Nilai Tercatat
                                                                               Aset Neto
                                                                              Entitas yang
                                                                               Dialihkan/
                                                                                Share in                              Tambahan
                                                                               Carrying                                 Modal
                                Tanggal Efektif      Imbalan yang            Amount of the                             Disetor/
            Entitas yang          Transaksi/           Dialihkan/             Transferred           Dampak            Additional
             Dialihkan/         Effective Date      Considerations            Entities’ Net          Pajak/            Paid-in
         Transferred Entities   of Transaction            Paid                  Assets             Tax Effect          Capital
                                  21 Nov 2024/
         IASP                     Nov 21, 2024             (200.653)                193.676               6.759               (218)
                                  21 Nov 2024/
         APH                      Nov 21, 2024             (724.624)                793.182              26.622             95.180
                                                           (925.277)                986.858              33.381             94.962


      Dampak pajak pada tabel tersebut di atas                             Tax effect on the table above are calculated from
      dihitung dari laba pelepasan saham menurut                           gain on disposal of shares in accordance with tax
      ketentuan perpajakan (capital gain) dengan                           regulation (capital gain) by utilizing fiscal loss
      memanfaatkan     rugi fiskal yang    dimiliki                        owned by the Company. Therefore, no tax
      Perusahaan. Dengan demikian, tidak terdapat                          liabilities to be recognized by the Company in
      kewajiban pajak yang harus diakui oleh                               their consolidated financial statements.
      Perusahaan      dalam    laporan  keuangan
      konsolidasian.

      TWB                                                                  TWB

      TWB didirikan dengan nama PT Angkasa Pura                           TWB was established under the name
      Indonesia berdasarkan Akta Pendirian Perseroan                      PT Angkasa Pura Indonesia based on the
      Terbatas tanggal 28 Desember 2023 oleh                              Limited Liability Company Establishment Deed
      Surjadi, S.H., M.Kn., dalam rangka pembentukan                      dated December 28, 2023 of Surjadi, S.H.,
      Integrasi Bandar Udara. Akta tersebut disetujui                     M.Kn., in relation to the establishment of Airport
      oleh Menteri Hukum dan Hak Asasi Manusia                            Integration. The Deed was authorized by the
      Republik Indonesia melalui Surat Keputusan No.                      Minister of Law and Human Rights of the
      AHU-0099070.AH.01.01. Tahun 2023 tanggal                            Republic of Indonesia through Decree No.
      29 Desember 2023.                                                   AHU-0099070.AH.01.01. Tahun 2023 dated
                                                                          December 29, 2023.




                                                          29
Page 499
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1. UMUM (lanjutan)                                            1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham         dan            d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                             New Shares (continued)

     TWB (lanjutan)                                                  TWB (continued)

      Berdasarkan Akta Pernyataan Keputusan                         Based on Deed of the Shareholders Decision
      Pemegang Saham No. 16 tanggal 2 Februari                      No. 16 dated February 2, 2024 of Jimmy Tanal,
      2024 oleh Jimmy Tanal, S.H., M.Kn., para                      S.H., M.Kn., the shareholders agreed among
      pemegang saham diantaranya menyetujui                         others to transfer the rights of Series B shares of
      pemindahan hak atas saham Seri B Perusahaan                   the Company (formerly AP1) owned by Injourney
      (dahulu AP1) milik Injourney kepada TWB                       to TWB through inbreng from Injourney to TWB
      dengan cara dilakukannya inbreng dari Injourney               amounting to 3,143,061 shares or Rp3,143,061.
      kepada TWB sebanyak 3.143.061 lembar saham
      atau seluruhnya sebesar Rp3.143.061.

      Berdasarkan Akta Pernyataan Keputusan                         Based on Deed of the Shareholders Decision
      Pemegang Saham No. 17 tanggal 2 Februari                      No. 17 dated February 2, 2024 of Jimmy Tanal,
      2024 oleh Jimmy Tanal, S.H., M.Kn., para                      S.H., M.Kn., the shareholders agreed among
      pemegang saham diantaranya menyetujui                         others to transfer the rights of Series B shares of
      pemindahan hak atas saham Seri B Perusahaan                   the Company (formerly AP2) owned by Injourney
      (dahulu AP2) milik Injourney kepada TWB                       to TWB through inbreng from Injourney to TWB
      dengan cara dilakukannya inbreng dari Injourney               amounting to 7,826,109 shares or Rp7,826,109.
      kepada TWB sebanyak 7.826.109 lembar saham
      atau seluruhnya sebesar Rp7.826.109.

     Akta tersebut di atas telah diterima dan dicatat                The Deed as mentioned above has been received
     dalam sistem administrasi Badan Hukum                           and recorded in the Legal Entity Administration
     Kementerian Hukum dan Hak Asasi Manusia                         System of the Ministry of Law and Human Rights
     Republik Indonesia tanggal 16 Februari 2024.                    of the Republic of Indonesia dated February 16,
                                                                     2024.

     Berdasarkan Akta Penyertaan Keputusan Rapat                     Based on the Deed of Inclusion of the General
     Umum Pemegang Saham No. 6 tanggal 6                             Meeting of Shareholders' Resolutions No. 6 dated
     September 2024 oleh Nanda Fauz Iwan, S.H.,                      September 6, 2024 of Nanda Fauz Iwan, S.H.,
     M.Kn., pemegang saham menyetujui diantaranya                    M.Kn., the Company's shareholders approved,
     perubahan Anggaran Dasar, logo, dan nama                        among other things, the amendment of the
     perusahaan              dari          sebelumnya                Company's Articles of Association, logo, and
     PT     Angkasa       Pura    Indonesia    menjadi               name of the Company from PT Angkasa Pura
     PT Angkasa Pura Nusantara. Perubahan tersebut                   Indonesia to PT Angkasa Pura Nusantara. The
     telah disetujui oleh Menteri Hukum dan Hak Asasi                amendment was authorized by the Minister of
     Manusia Republik Indonesia melalui suratnya No.                 Law and Human Rights of the Republic of
     AHU-0056666.AH.01.02.Tahun 2024 tanggal                         Indonesia     through      its    letter     No.
     6 September 2024.                                               AHU-0056666.AH.01.02.Year        2024      dated
                                                                     September 6, 2024.




                                                         30
Page 500
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1. UMUM (lanjutan)                                           1. GENERAL (continued)

   d. Pengalihan    Kepemilikan    Saham        dan             d. Transfer of Shares Ownership and Issuance of
      Penerbitan Saham Baru (lanjutan)                             New Shares (continued)

     TWB (lanjutan)                                                 TWB (continued)

     Berdasarkan Akta Penyertaan Keputusan Rapat                    Based on the Deed of Shareholders' General
     Umum Pemegang Saham No. 1 tanggal                              Meeting       Resolution      No.      1    dated
     7 Oktober 2024 oleh Nanda Fauz Iwan, S.H.,                     October 7, 2024, of Nanda Fauz Iwan, S.H.,
     M.Kn., pemegang saham menyetujui diantaranya                   M.Kn., the shareholders approved, among other
     perubahan tempat kedudukan dan alamat, logo,                   things, changes in the location and address, logo,
     maksud dan tujuan serta kegiatan usaha,                        purpose and objectives, business activities,
     Anggaran Dasar, dan nama perusahaan dari                       Articles of Association, and the company's name
     sebelumnya PT Angkasa Pura Nusantara                           from PT Angkasa Pura Nusantara to
     menjadi PT Taman Wisata Borobudur.                             PT Taman Wisata Borobudur. These changes
     Perubahan tersebut telah disetujui oleh Menteri                were authorized by the Minister of Law and
     Hukum dan Hak Asasi Manusia Republik                           Human Rights of the Republic of Indonesia
     Indonesia       melalui     suratnya       No.                 through           his           letter         No.
     AHU-0063942.AH.01.02.Tahun 2024 tanggal                        AHU-0063942.AH.01.02.Year           2024    dated
     8 Oktober 2024.                                                October 8, 2024.

     Berdasarkan Akta Notaris Nanda Fauz Iwan,                      Based on the Notarial Deed of Nanda Fauz Iwan,
     S.H., M.Kn., No. 07 tanggal 12 Desember 2024                   S.H., M.Kn., No. 07 dated December 12, 2024,
     TWB telah mengalihkan seluruh Saham Seri B                     TWB has transferred all of its Series B Shares in
     Perusahaan kepada Injourney. Pengalihan                        the Company to Injourney. The share transfer has
     saham tersebut telah disetujui oleh Kementerian                been approved by the Ministry of Law and Human
     Hukum dan Hak Asasi Manusia melalui surat                      Rights    through      the      decision    letter
     keputusan No. AHU-AH.01.03-0221033 dan                         No.        AHU-AH.01.03-0221033               and
     AHU-AH.01.09-0287543 tanggal 12 Desember                       No.       AHU-AH.01.09-0287543             dated
     2024.                                                          December 12, 2024.

   e. Penggabungan                                              e. Merger

      Berdasarkan Akta Penggabungan No. 14 tanggal                  Based on the Deed of Merger No. 14 dated
      7 September 2024 oleh Notaris Nanda Fauz                      September 7, 2024 of Notary Nanda Fauz Iwan,
      Iwan, S.H., M.Kn., AP1 setuju dan sepakat untuk               S.H., M.Kn., AP1 agreed to merge with the
      menggabungkan diri dengan Perusahaan,                         Company, where the Company as the surviving
      dimana Perusahaan sebagai entitas yang                        entity. The plan design of merger was approved
      melanjutkan kegiatan usaha. Rancangan                         by the shareholders of each company on the
      penggabungan telah disetujui oleh pemegang                    same date as follows:
      saham masing-masing perusahaan pada tanggal
      yang sama sebagai berikut:
      - Akta Pernyataan Keputusan Para Pemegang                     -   Deed     of  Shareholders    Decree   of
         Saham PT Angkasa Pura I No. 12 tanggal 7                       PT Angkasa Pura I No. 12 dated September
         September 2024.                                                7, 2024.
      - Akta Pernyataan Keputusan Para Pemegang                     -   Deed     of  Shareholders    Decree   of
         Saham PT Angkasa Pura Indonesia (dahulu                        PT Angkasa Pura Indonesia (formerly
         AP2) No. 13 tanggal 7 September 2024.                          AP2) No. 13 dated September 7, 2024.




                                                        31
Page 501
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


1. UMUM (lanjutan)                                           1. GENERAL (continued)

   e. Penggabungan (lanjutan)                                   e. Merger (continued)

     Berdasarkan Akta Penggabungan No. 14                          Based on the Deed of Merger No. 14, all parties
     tersebut,       seluruh      pihak    menyetujui              agreed to the merger with the following conditions
     penggabungan dengan kondisi diantaranya                       among others:
     sebagai berikut:
     1. Semua operasi, usaha, kegiatan, dan aktivitas              1. All operations, businesses, and activities of
         dari AP1 beralih kepada Perusahaan.                          AP1 are transferred to the Company.
     2. Semua izin, konsesi, fasilitas, lisensi,                   2. All permits, concessions, facilities, licenses,
         persetujuan, dan pemanfaatan yang telah                      approvals, and utilizations that have been
         diberikan oleh pihak yang berwenang kepada                   granted by the authorities to       AP1     are
         AP1 beralih ke Perusahaan.                                   transferred to the Company.
     3. Sejak tanggal efektif, seluruh aset dan                    3. Since the effective date, all assets and
         liabilitas yang dimiliki oleh AP1 beralih ke                 liabilities owned by AP1 are transferred to the
         Perusahaan.                                                  Company.
     4. Seluruh pekerja AP1 akan menjadi pekerja                   4. All AP1 workers will become the Company
        Perusahaan dengan tetap memperhitungkan                       workers by continuing the work period of the
        masa kerja karyawan yang bersangkutan                         related employees during services as AP1
        selama menjadi karyawan AP1.                                  employees.

      Berdasarkan Akta Penggabungan No. 14                         Based on the Deed of Merger No. 14, all parties
      tersebut,    seluruh    pihak     menyetujui                 agreed to the merger where on effective date of
      penggabungan dimana pada tanggal efektif                     merger, all operational activities, operation,
      penggabungan, semua kegiatan pengusahaan,                    wealth, billings, assets, liabilities, rights and
      operasional usaha, kekayaan, tagihan-tagihan,                obligation of the dissolving entity are transferred
      aktiva, pasiva, hak dan kewajiban dari                       by law to the surviving entity and all work
      perusahaan yang menggabungkan diri beralih                   relationships between employees and the
      karena hukum kepada perusahaan penerima                      dissolving entity will be continued by the surviving
      penggabungan dan seluruh hubungan kerja                      entity.
      antara karyawan dan perusahaan yang
      menggabungkan diri akan dilanjutkan oleh
      perusahaan penerima penggabungan.




                                                        32
Page 502
                                                          The original consolidated financial statements included herein
                                                                                            are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                   PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                            for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


1. UMUM (lanjutan)                                       1. GENERAL (continued)

   e. Penggabungan (lanjutan)                               e. Merger (continued)

     Komposisi modal saham AP1 dan Perusahaan                    The composition of the share capital of AP1 and
     sebelum dan setelah penggabungan adalah                     the Company before and after the merger are as
     sebagai berikut:                                            follows:

     Sebelum Penggabungan                                                                          Before Merger
     AP1                                                                                                      AP1
         Modal Dasar                                 12.000.000                               Authorized capital
         Modal ditempatkan dan disetor penuh                                        Issued and fully-paid capital
            Negara      Republik  Indonesia -                                       Republik of Indonesia -
                Seri A Dwiwarna                          1                           A Series Dwiwarna
            Injourney - Seri B                       3.271.350                         Injourney - B Series
            TWB - Seri B                             3.143.061                             TWB - B Series
         Jumlah                                      6.414.412                                             Total

     Perusahaan                                                                                    The Company
         Modal Dasar                                 63.886.608                               Authorized capital
         Modal ditempatkan dan disetor penuh                                        Issued and fully-paid capital
            Negara      Republik  Indonesia -                                       Republik of Indonesia -
                Seri A Dwiwarna                          1                          A Series Dwiwarna
            Injourney - Seri B                       8.944.361                         Injourney - B Series
            TWB - Seri B                             7.826.109                             TWB - B Series
         Jumlah                                      16.770.471                                            Total

     Setelah Penggabungan                                                                            After Merger
     Perusahaan                                                                                    The Company
          Modal Dasar                                63.886.608                               Authorized capital
          Modal ditempatkan dan disetor penuh                                       Issued and fully-paid capital
             Negara      Republik  Indonesia -                                      Republik of Indonesia -
                 Seri A Dwiwarna                         2                           A Series Dwiwarna
             Injourney - Seri B                      13.269.560                        Injourney - B Series
             TWB - Seri B                            11.981.691                            TWB - B Series
          Jumlah                                     25.251.253                                            Total

     Saham AP1 dan Perusahaan memiliki nilai                     The shares of AP1 and the Company have the
     nominal saham yang sama, yaitu sebesar                      same nominal value, which is Rp1,000,000
     Rp1.000.000   (nilai penuh)   per    saham.                 (full amount) per share. In connection with the
     Sehubungan     penggabungan,    Perusahaan                  merger, the Company issued new shares to
     menerbitkan saham baru kepada Injourney dan                 Injourney and TWB in accordance with the fair
     TWB sesuai dengan nilai wajar saham                         value of AP1’s and the Company’s shares
     AP1 dan Perusahaan berdasarkan hasil penilai                determined by an independent appraisal of KJPP
     independen KJPP Suwendho Rinaldi dan Rekan.                 Suwendho Rinaldi dan Rekan.




                                                    33
Page 503
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                             PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


1. UMUM (lanjutan)                                                1. GENERAL (continued)

   e. Penggabungan (lanjutan)                                         e. Merger (continued)

     Perusahaan       dan    AP1      adalah     entitas                   The Company and AP1 are entities under
     sepengendali,      dan      karena       transaksi                    common control, and since the merger
     penggabungan merupakan suatu kombinasi                                transaction is a business combination of entities
     bisnis antar entitas sepengendali, maka                               under control, the transfer of business of AP1 to
     pengalihan bisnis       AP1 ke        Perusahaan                      the Company is accounted based on the pooling
     diperlakukan berdasarkan metode penyatuan                             of interest method in accordance with PSAK 338:
     kepemilikan sesuai dengan PSAK 338:                                   Business Combination of Entities Under
     Kombinasi Bisnis Entitas Sepengendali. Dengan                         Common Control. Accordingly, the consolidated
     demikian, laporan posisi keuangan konsolidasian                       statements of financial position as of December
     pada tanggal 31 Desember 2023 dan                                     31,     2023     and     January       1,   2023/
     1 Januari 2023/31 Desember 2022 disajikan                             December 31, 2022 have been restated as if the
     kembali seolah-olah kombinasi bisnis telah terjadi                    business combination had occurred since the
     sejak awal periode ketika entitas yang bergabung                      beginning of the period when the merged entity
     menjadi sepengendalian. Penyesuaian bagian                            was under common control. The adjustment of
     kepentingan Perusahaan (dahulu AP2) atas aset                         the Company (formerly AP2)'s interest in the net
     neto AP1, disajikan pada “Ekuitas Merging Entity”                     assets of AP1 is presented in "Merging Entity
     pada laporan keuangan konsolidasian. Laba neto                        Equity" in the consolidated financial statements.
     dari entitas yang bergabung disajikan sebagai                         Net income from merging entity are presented as
     “Laba Proforma Merging Entity” pada laporan                           "Proforma Income from Merging Entity" in the
     laba rugi dan penghasilan komprehensif lain                           consolidated statement of profit or loss and other
     konsolidasian.                                                        comprehensive income.

     Selisih antara jumlah imbalan yang dialihkan                          The difference between the consideration
     berupa nilai wajar saham Perusahaan yang                              transferred in form of fair value of the Company’s
     diterbitkan dengan jumlah penambahan aset neto                        shares issued and the carrying amount of the net
     di Perusahaan diakui sebagai bagian dari akun                         assets in the Company is recognized as part of
     “Tambahan Modal Disetor” pada laporan posisi                          the "Additional Paid-in Capital" account in the
     keuangan konsolidasian dengan perhitungan                             consolidated statement of financial position with
     sebagai berikut:                                                      calculation as follows:

                                             Nilai yang diakui pada saat Transaksi/
                                              Amount Recognized on Transaction

       Bagian atas nilai tercatat aset                                                               Share in carrying amount
            neto entitas yang bergabung                      23.184.883                     the merged entities net assets
       Imbalan yang dialihkan berupa nilai                                                          Consideration transferred
           wajar saham Perusahaan yang                                                         in form of fair value of the
           diterbitkan                                      (25.251.253)                       Company’s shares issued

       Tambahan modal disetor                                (2.066.370)                          Additional paid-in capital




                                                            34
Page 504
                                                             The original consolidated financial statements included herein
                                                                                               are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                     PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1. UMUM (lanjutan)                                          1. GENERAL (continued)
   e. Penggabungan (lanjutan)                                  e. Merger (continued)

     Pada tanggal 4 Maret 2025, manajemen                          On March 4, 2025, the Company’s management
     Perusahaan mengajukan permohonan kepada                       submitted an application to the Director General
     Direktur Jenderal Pajak untuk mendapatkan                     of Taxes to obtain approval for the use of the book
     persetujuan pengggunaan nilai buku atas                       value for the transfer of AP1’s assets to the
     pengalihan aset AP1 ke Perusahaan untuk tujuan                Company for tax purposes, in accordance with
     perpajakan, sesuai dengan Peraturan Menteri                   the Minister of Finance Regulation (PMK) No.
     Keuangan Republik Indonesia (PMK) No. 81                      81 of 2024 dated October 14, 2024 concerning
     Tahun 2024 tanggal 14 Oktober 2024 tentang                    Tax Provisions for the Implementation of the Core
     Ketentuan     Perpajakan     Dalam     Rangka                 Tax Administration System. Management
     Pelaksanaan Inti Administrasi Perpajakan.                     believes that it is able to meet all the
     Manajemen berkeyakinan dapat memenuhi                         requirements set out in the regulation to apply the
     semua persyaratan dari peraturan tersebut untuk               book value for tax purposes in connection with
     menggunakan nilai buku untuk tujuan perpajakan                the merger transaction.
     sehubungan dengan transaksi penggabungan.

     Berdasarkan Keputusan Kepala Kantor Wilayah                   Based on the Decree of the Head of the Large
     Direktorat Jenderal Pajak Wajib Pajak Besar                   Taxpayers Regional Office of the Directorate
     (Kanwil      DJP)       No.     KEP-00001/NB-                 General of Taxes for (Kanwil DJP) No.
     CT/WPJ.19/2025 tanggal 20 Maret 2025,                         KEP-00001/NB-CT/WPJ.19/2025 dated March
     permohonan penggunaan nilai buku atas                         20, 2025, the request for the use of book value
     pengalihan harta dalam rangka penggabungan                    regarding the transfer of assets in the context of
     usaha yang disampaikan Perusahaan pada                        a business merger, submitted by the Company on
     tanggal 4 Maret 2025 telah mendapat persetujuan               March 4, 2025, has received approval from the
     dari Kanwil DJP. Persetujuan tersebut mencakup                Kanwil DJP. This approval includes the proforma
     persetujuan neraca proforma, daftar harta yang                balance sheet, the list of transferred assets, and
     dialihkan dan daftar pemegang saham.                          the list of shareholders. This decision is effective
     Keputusan ini berlaku sejak tanggal 9 September               starting from September 9, 2024.
     2024.


   f. Penyelesaian       Laporan         Keuangan              f. Completion         of    Consolidated        Financial
      Konsolidasian                                               Statements

     Laporan          keuangan         konsolidasian               The Group’s consolidated financial statements
     Kelompok Usaha tanggal 31 Desember 2025 dan                   as of December 31, 2025 and for the year then
     untuk tahun yang berakhir pada tanggal tersebut               ended have been completed and authorized for
     diselesaikan dan diotorisasi untuk terbit oleh                issuance on March 27, 2026. The Company’s
     Direksi     Perusahaan       pada       tanggal               Directors who signed the Directors’ Statement
     27 Maret 2026. Direksi Perusahaan yang                        Letter are responsible for the fair preparation and
     menandatangani Surat Pernyataan Direksi                       presentation of such consolidated financial
     bertanggung jawab atas penyusunan dan                         statements.
     penyajian wajar laporan keuangan konsolidasian
     tersebut.




                                                       35
Page 505
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY OF MATERIAL                      ACCOUNTING
   MATERIAL                                                      POLICIES INFORMATION

  a. Dasar    Penyajian       Laporan      Keuangan              a. Basis of Preparation of the Consolidated
     Konsolidasian                                                  Financial Statements

     Laporan keuangan konsolidasian telah disusun                   The consolidated financial statements have been
     sesuai dengan Standar Akuntansi Keuangan di                    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 Financial Accounting Standards
     Indonesia (“DSAK IAI”) dan Peraturan-Peraturan                 Board of the Institute of Indonesia Chartered
     serta Pedoman Penyajian dan Pengungkapan                       Accountants      (Dewan     Standar    Akuntansi
     Laporan Keuangan yang diterbitkan oleh Otoritas                Keuangan Ikatan Akuntan Indonesia or DSAK
     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”).

     Laporan keuangan konsolidasian, kecuali                        The consolidated financial statements, except for
     laporan arus kas konsolidasian, disusun                        the consolidated statement of cash flows, are
     berdasarkan konsep akrual dan biaya perolehan                  prepared using the accrual basis and based on
     historis, kecuali beberapa akun tertentu yang                  historical costs, except for certain accounts which
     diukur dengan cara sebagaimana yang diuraikan                  are measured on the bases described in the
     dalam kebijakan akuntansi di akun yang                         related accounting policies of those accounts.
     bersangkutan.

     Laporan arus kas konsolidasian disajikan dengan                The consolidated statement of cash flows is
     menggunakan        metode    langsung      yang                presented using the direct method by classifying
     mengelompokkan penerimaan dan pengeluaran                      the receipts and disbursements of cash and cash
     kas dan setara kas ke dalam aktivitas operasi,                 equivalents into operating, investing and
     investasi dan pendanaan. Untuk tujuan penyajian                financing activities. For the purpose of the
     laporan arus kas konsolidasian, kas dan setara                 consolidated statement of cash flows, cash and
     kas terdiri dari kas dan bank, simpanan yang                   cash equivalents include cash on hand and in
     sewaktu-waktu bisa dicairkan dan investasi likuid              banks, deposits held at call with banks and other
     jangka pendek lainnya yang jatuh tempo dalam                   short-term highly liquid investments with original
     waktu 3 (tiga) bulan atau kurang, dikurangi                    maturities of 3 (three) months or less, net of bank
     dengan cerukan.                                                overdrafts.

     Kebijakan akuntansi yang diterapkan oleh                       The accounting policies adopted by the Group are
     Kelompok Usaha adalah selaras bagi tahun yang                  consistently applied for the years covered by the
     dicakup oleh laporan keuangan konsolidasian,                   consolidated financial statements, except for new
     kecuali untuk standar akuntansi baru dan revisi                and revised accounting standards as disclosed in
     seperti diungkapkan pada Catatan 2b dibawah ini.               the following Note 2b.

     Kelompok Usaha telah menyusun laporan                          The Group has prepared the consolidated
     keuangan konsolidasian dengan dasar bahwa                      financial statements on the basis that it will
     Kelompok Usaha akan menjaga kelangsungan                       continue to operate as a going concern.
     usaha.

     Seluruh angka dalam laporan keuangan                           All figures in the consolidated financial
     konsolidasian ini, disajikan dalam jutaan Rupiah               statements are expressed in millions of Rupiah
     (“Rp”), kecuali dinyatakan lain.                               (“Rp”), unless otherwise stated.




                                                         36
Page 506
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  b. Perubahan Kebijakan Akuntansi                                   b. Changes in Accounting Principles

    Kelompok Usaha menerapkan untuk pertama                             The Group applies for the first time certain
    kalinya beberapa standar dan amandemen                              standards and amendments that are effective for
    tertentu yang efektif untuk periode tahunan yang                    annual periods beginning on or after 1 January
    dimulai pada atau setelah 1 Januari 2025 (kecuali                   2025 (unless otherwise stated). The Group has
    dinyatakan lain). Kelompok Usaha tidak                              not early-adopted any other issued standards,
    melakukan penerapan dini atas standar,                              interpretations, or amendments that are not yet
    interpretasi, atau amandemen lain yang telah                        effective.
    diterbitkan namun belum efektif.

    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 harus                   how it should determine a spot exchange rate
    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 laporan                        statements to understand how the currency not
    keuangan      untuk     memahami      bagaimana                     being exchangeable into the other currency
    ketidakmampuan mata uang tersebut untuk                             affects, or is expected to affect, the entity’s
    dipertukarkan dengan mata uang lainnya                              financial performance, financial position and cash
    memengaruhi,        atau     diharapkan      akan                   flows.
    memengaruhi, kinerja keuangan, posisi keuangan,
    dan arus kas entitas.

    Amandemen ini tidak berdampak terhadap laporan                      The amendments did not have any impact on the
    keuangan konsolidasian Kelompok Usaha.                              Group’s consolidated financial statements.

    PSAK 117: Kontrak Asuransi                                          PSAK 117: Insurance Contracts

    PSAK 117 merupakan standar akuntansi baru yang                      PSAK 117 is a comprehensive new accounting
    komprehensif      mencakup       pengakuan         dan              standard for insurance contracts covering
    pengukuran, penyajian, serta pengungkapan untuk                     recognition and measurement, presentation and
    kontrak asuransi. PSAK 117 menggantikan PSAK                        disclosure. PSAK 117 replaces PSAK 104
    104: Kontrak Asuransi. PSAK 117 berlaku untuk                       Insurance Contracts. PSAK 117 applies to all
    seluruh jenis kontrak asuransi (yaitu, jiwa, non-jiwa,              types of insurance contracts (i.e., life, non-life,
    asuransi langsung, dan reasuransi), tanpa                           direct insurance and re-insurance), regardless of
    memandang jenis entitas yang menerbitkannya,                        the type of entities that issue them as well as to
    serta berlaku pula untuk jenis garansi tertentu dan                 certain guarantees and financial instruments with
    instrumen keuangan dengan fitur partisipasi                         discretionary participation features.
    diskresioner.

    Tujuan utama PSAK 117 adalah menyediakan                            The overall objective of PSAK 117 is to provide a
    model akuntansi yang komprehensif untuk kontrak                     comprehensive accounting model for insurance
    asuransi yang lebih berguna dan konsisten bagi                      contracts that is more useful and consistent for
    entitas asuransi, mencakup seluruh aspek                            insurers, covering all relevant accounting aspects.
    akuntansi yang relevan.




                                                             37
Page 507
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  b. Perubahan Kebijakan Akuntansi (lanjutan)                  b. Changes in Accounting Principles (continued)

     PSAK 117: Kontrak Asuransi (lanjutan)                        PSAK 117: Insurance Contracts (continued)

     PSAK 117 didasarkan pada model umum, yang                    PSAK 117 is based on a general model,
     dilengkapi dengan:                                           supplemented by:
      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
         allocation approach) yang terutama berlaku                 approach) mainly for short-duration contracts.
         untuk kontrak berdurasi pendek.

     Amandemen ini tidak berdampak terhadap                       The amendments did not have any impact on the
     laporan keuangan konsolidasian Kelompok                      Group’s consolidated financial statements.
     Usaha.

  c. Standar Akuntansi yang Telah            Disahkan          c. Accounting Standards Issued But Not Yet
     Namun Belum Berlaku Efektif                                  Effective

     Standar akuntansi baru dan amandemen standar                  The new and amended standards that have been
     akuntansi yang telah diterbitkan sampai tanggal               issued up to the date of issuance of the Group’s
     penerbitan laporan keuangan konsolidasian                     consolidated financial statements, but not yet
     Kelompok Usaha namun belum berlaku efektif                    effective are disclosed below. The management
     diungkapkan berikut ini. Manajemen bermaksud                  intends to adopt these standards that are
     untuk menerapkan standar-standar tersebut yang                considered relevant to the Group when they
     dipertimbangkan relevan terhadap Kelompok                     become effective, and the impact to the
     Usaha pada saat efektif, dan dampaknya                        consolidated financial position and performance of
     terhadap    posisi   dan     kinerja keuangan                 the Group is still being estimated as of December
     konsolidasian Kelompok Usaha masih diestimasi                 31, 2025:
     pada tanggal 31 Desember 2025:

     Mulai efektif pada atau setelah          tanggal              Effective beginning on or after January 1, 2026
     1 Januari 2026

     Amendemen PSAK 109 and PSAK 107:                              Amendments to PSAK 109 and PSAK 107:
     Klasifikasi dan Pengukuran Instrumen Keuangan                 Classification and Measurement of Financial
                                                                   Instruments

     Amandemen tersebut mencakup klarifikasi atas                  The amendments includes a clarification that a
     suatu      liabilitas   keuangan     dihentikan               financial liability is derecognised on the ‘settlement
     pengakuannya pada “tanggal penyelesaian” serta                date’ and the introduction of an accounting policy
     memperkenalkan pilihan kebijakan akuntansi                    choice (if specific conditions are met) to
     (apabila kondisi tertentu terpenuhi) untuk                    derecognise financial liabilities settled using an
     menghentikan pengakuan liabilitas keuangan                    electronic payment system before the settlement
     yang diselesaikan melalui sistem pembayaran                   date. Further, additional guidance is added on how
     elektronik sebelum tanggal penyelesaian. Selain               the contractual cash flows for financial assets with
     itu, panduan tambahan ditambahkan mengenai                    Environmental, Social and Corporate Governance
     bagaimana arus kas kontraktual untuk aset                     (“ESG”) and similar features should be assessed.
     keuangan dengan fitur Lingkungan, Sosial, dan                 The amendments also clarifiies what constitute
     Tata Kelola Perusahaan (“ESG”) serta fitur                    non-recourse features and what are the
     serupa harus dinilai. Amandemen tersebut juga                 characteristics of contractually linked instruments.
     mengklarifikasi apa saja yang merupakan fitur
     non-recourse dan karakteristik instrumen yang
     terkait secara kontraktual.


                                                        38
Page 508
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  c. Standar Akuntansi yang Telah Disahkan                      c. Accounting Standards Issued But Not Yet
     Namun Belum Berlaku Efektif (lanjutan)                        Effective (continued)

     Mulai efektif pada atau setelah tanggal                       Effective beginning on or after January 1, 2026
     1 Januari 2026 (lanjutan)                                     (continued)
     Amendemen PSAK 109 and PSAK 107:                              Amendments to PSAK 109 and PSAK 107:
     Klasifikasi dan Pengukuran Instrumen Keuangan                 Classification and Measurement of Financial
     (lanjutan)                                                    Instruments (continued)
     Selain        itu,  amandemen      tersebut                   The amendments also introduces of disclosures for
     memperkenalkan persyaratan pengungkapan                       financial instruments with contingent features and
     untuk instrumen keuangan dengan fitur                         additional disclosure requirements for equity
     kontinjensi serta persyaratan pengungkapan                    instruments classified at fair value through other
     tambahan untuk instrumen ekuitas yang                         comprehensive income.
     diklasifikasikan pada nilai wajar melalui
     penghasilan komprehensif lain.
     Amandemen tersebut berlaku efektif untuk                      The Amendments are effective for annual periods
     periode tahunan yang dimulai pada atau setelah                starting on or after financial January 1, 2026 with
     1 Januari 2026, dengan penerapan dini                         early adoption permitted for classification of
     diperkenankan hanya untuk klasifikasi aset                    financial assets and related disclosures only. The
     keuangan dan pengungkapan terkait. Kelompok                   Group does not anticipate that the amendments
     Usaha tidak memperkirakan bahwa amandemen                     will have a material effect on the Group’s
     tersebut akan memberikan dampak material                      consolidated financial statements.
     terhadap laporan keuangan konsolidasian
     Kelompok Usaha.
     Amendemen PSAK 109 and PSAK 107: Kontrak                       Amendments to PSAK 109 and PSAK 107:
     yang Mengacu Pada Listrik Bergantung Alam                      Contracts   Referencing Nature-dependent
                                                                    Electricity

     Amandemen tersebut mengklarifikasi penerapan                   The amendments clarify the application of the
     persyaratan own-use untuk kontrak yang berada                  own-use requirements for in-scope contracts,
     dalam ruang lingkup, mengubah persyaratan                      amend the designation requirements for a hedged
     penetapan (designation) atas item yang dilindungi              item in a cash flow hedging relationship for in-
     dalam hubungan lindung nilai arus kas untuk                    scope contracts, and add new disclosure
     kontrak-kontrak tersebut, serta menambahkan                    requirements to enable investors to understand
     persyaratan    pengungkapan        baru     untuk              the effect of these contracts on a company’s
     memungkinkan investor memahami dampak                          financial performance and cash flows.
     kontrak tersebut terhadap kinerja keuangan dan
     arus kas perusahaan.
     Amandemen tersebut akan berlaku efektif untuk                  The amendments will take effect for annual
     periode pelaporan tahunan yang dimulai pada                    reporting periods starting on or after January 1,
     atau setelah 1 Januari 2026. Penerapan dini                    2026. Early adoption is allowed, but it must be
     diperbolehkan, namun harus diungkapkan.                        disclosed. The amendments concerning the own-
     Amandemen terkait pengecualian own-use                         use exception are to be applied retrospectively,
     diterapkan secara retrospektif, sedangkan                      while the hedge accounting amendments should
     amandemen akuntansi lindung nilai diterapkan                   be applied prospectively to new hedging
     secara prospektif untuk hubungan lindung nilai                 relationships designated from the initial application
     baru yang ditetapkan sejak tanggal penerapan                   date. Additionally, the PSAK 107 disclosure
     awal. Selain itu, amandemen pengungkapan                       amendments must be implemented alongside the
     dalam PSAK 107 harus diterapkan bersamaan                      PSAK 109 amendments. The Group does not
     dengan amandemen PSAK 109. Kelompok                            anticipate that the amendments will have a
     Usaha tidak memperkirakan bahwa amandemen                      material effect on the Group’s consolidated
     tersebut akan memberikan dampak material                       financial statements.
     terhadap laporan keuangan konsolidasian
     Kelompok Usaha.
                                                         39
Page 509
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  c. Standar Akuntansi yang Telah Disahkan                       c. Accounting Standards Issued But Not Yet
     Namun Belum Berlaku Efektif (lanjutan)                         Effective (continued)

     Mulai efektif pada atau setelah tanggal                        Effective beginning on or after January 1, 2026
     1 Januari 2026 (lanjutan)                                      (continued)

     PSAK    338:    Kombinasi        Bisnis    Entitas             PSAK 338: Business Combination under Common
     Sepengendali (Revisi 2025)                                     Control (2025 Revision)

     Pada Oktober 2025, DSAK IAI mengesahkan                        In October 2025, DSAK IAI issued revisions to
     revisi atas PSAK 338: Kombinasi Bisnis Entitas                 PSAK 338: Business Combinations of Entities
     Sepengendali. Revisi ini mencakup ruang lingkup                Under Common Control. The revisions cover the
     dan penerapan dari metode penyatuan                            scope and application of the pooling of interest
     kepemilikan (pooling of interest) dan pelepasan di             method and disposal in equity as the accounting
     ekuitas (disposal in equity) sebagai konsep                    concepts used in PSAK 338. The key changes
     akuntansi yang digunakan dalam PSAK 338.                       include the exclusion of investment entities from
     Perubahan utama mencakup pengecualian                          the scope of PSAK 338, as well as the addition of
     entitas investasi dari ruang lingkup PSAK 338,                 definitions for transferred business, receiving
     serta tambahan definisi bisnis alihan, entitas                 entity, and transferring entity. The revision also
     penerima, dan entitas pengalih. Revisi ini juga                includes references to the carrying amount of the
     mencakup rujukan jumlah tercatat bisnis alihan                 transferred business and the presentation of
     dan penyajian informasi prakombinasi bisnis                    pre-combination information when applying the
     ketika terjadi ketidakpraktisan dalam penerapan                pooling of interest method is impracticable. The
     metode penyatuan kepemilikan. Revisi ini berlaku               revision is effective on January 1, 2026 with early
     efektif 1 Januari 2026 dengan opsi penerapan                   adoption permitted.
     dini.

     Kelompok Usaha tidak memperkirakan bahwa                       The Group does not anticipate that the
     amandemen tersebut akan memberikan dampak                      amendments will have a material effect on the
     material    terhadap    laporan  keuangan                      Group’s consolidated financial statements.
     konsolidasian Kelompok Usaha.

     Penyesuaian tahunan 2024                                       Annual Improvements 2024

     DSAK IAI menerbitkan Penyesuaian Tahunan                       The DSAK IAI issued Annual Improvements 2024
     2024 SAK Indonesia, yang mencakup klarifikasi,                 to 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,
     Instrumen Keuangan, PSAK 110 Laporan                           PSAK 110 Consolidated Financial Statements and
     Keuangan Konsolidasian, dan PSAK 207                           PSAK 207 Statements of Cash Flows. The
     Laporan Arus Kas. Amandemen tersebut akan                      amendments will be effective for reporting periods
     berlaku efektif untuk periode pelaporan yang                   beginning on or after January 1, 2026. Earlier
     dimulai pada atau setelah 1 Januari 2026.                      application is permitted and must be disclosed. The
     Penerapan lebih awal diperkenankan dan harus                   amendments are not expected to have a material
     diungkapkan. Amandemen tersebut tidak                          impact on the Group’s consolidated financial
     diharapkan menimbulkan dampak material                         statements.
     terhadap laporan keuangan konsolidasian
     Kelompok Usaha.




                                                          40
Page 510
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  c. Standar Akuntansi yang Telah Disahkan                      c. Accounting Standards Issued But Not Yet
     Namun Belum Berlaku Efektif (lanjutan)                        Effective (continued)

     Mulai efektif pada atau setelah tanggal                       Effective beginning on or after January 1, 2027
     1 Januari 2027

     PSAK 118: Penyajian dan Pengungkapan dalam                    PSAK 118: Presentation and Disclosure in
     Laporan Keuangan                                              Financial Statements

     PSAK 118 akan menggantikan PSAK 201.                          PSAK 118 will replace PSAK 201. This new
     Standar baru ini memperkenalkan persyaratan                   standard    introduces      updated    presentation
     baru terkait penyajian dalam laporan laba rugi,               requirements for the statement of profit or loss,
     termasuk total dan subtotal tertentu. Selain itu,             including specific totals and subtotals. In addition,
     entitas diwajibkan untuk mengklasifikasikan                   entities are required to classify all income and
     seluruh pendapatan dan beban dalam laporan                    expenses in the profit or loss statement into one of
     laba rugi ke dalam salah satu dari lima kategori:             five categories: operating, investing, financing,
     operasi,     investasi,   pendanaan,       pajak              income taxes, and discontinued operations.
     penghasilan, dan operasi yang dihentikan.

     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                 includes new requirements for aggregation and
     disagregasi informasi keuangan                                disaggregation of financial information.

     PSAK 118 berlaku efektif untuk periode                        PSAK 118 are effective for reporting periods
     pelaporan yang dimulai pada atau setelah                      beginning on or after January 1, 2027, but earlier
     1 Januari 2027, dengan penerapan dini                         application is permitted and must be disclosed.
     diperkenankan dan harus diungkapkan. PSAK                     PSAK 118 will apply retrospectively.
     118 akan diterapkan secara retrospektif.

     Kelompok       Usaha     saat    ini   sedang                 The Group is currently working to identify all
     mengidentifikasi seluruh dampak yang akan                     impacts the amendments will have on the primary
     timbul atas laporan keuangan utama dan catatan                financial statements and notes to the consolidated
     atas laporan keuangan konsolidasian terkait                   financial statements.
     implementasi amandemen tersebut.

     PSAK 119: Entitas Anak Tanpa Akuntabilitas                     PSAK    119:      Subsidiaries       without     Public
     Publik - Pengungkapan                                          Accountability - Disclosures

     Standar baru tersebut memungkinkan entitas                    The new standard allows eligible entities to elect to
     yang     memenuhi      syarat  untuk     memilih              apply its reduced disclosure requirements and still
     menerapkan pengungkapan yang lebih singkat                    applying the recognition, measurement and
     dan tetap menerapkan persyaratan pengakuan,                   presentation requirements in other accounting
     pengukuran, dan penyajian dalam standar                       standards. To be eligible, at the end of the
     akuntansi lainnya. Untuk memenuhi syarat, pada                reporting period, an entity must be a subsidiary as
     akhir periode pelaporan, entitas harus                        defined in PSAK 110, cannot have public
     merupakan      entitas    anak     sebagaimana                accountability and must have a parent (ultimate or
     didefinisikan dalam PSAK 110, tidak memiliki                  intermediate) that prepares consolidated financial
     akuntabilitas publik, dan memiliki entitas induk              statements, available for public use, which comply
     (baik entitas induk akhir atau entitas induk                  with SAK Indonesia, SAK Internasional or IFRS
     perantara) yang menyusun laporan keuangan                     accounting standards.
     konsolidasian yang tersedia untuk penggunaan
     publik dan sesuai dengan standar akuntansi
     keuangan SAK Indonesia, SAK Internasional
     atau IFRS accounting standards.

                                                         41
Page 511
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  c. Standar Akuntansi yang Telah Disahkan                          c. Accounting Standards Issued But Not Yet
     Namun Belum Berlaku Efektif (lanjutan)                            Effective (continued)

     Mulai efektif pada atau setelah tanggal                            Effective beginning on or after January 1, 2027
     1 Januari 2027 (lanjutan)                                          (continued)

     PSAK 119: Entitas Anak Tanpa Akuntabilitas                         PSAK    119:      Subsidiaries    without        Public
     Publik - Pengungkapan (lanjutan)                                   Accountability - Disclosures (continued)

     PSAK 119 akan berlaku efektif untuk periode                        PSAK 119 will become effective for reporting
     pelaporan yang dimulai pada atau setelah                           periods beginning on or after January 1, 2027, with
     1 Januari 2027, dengan penerapan dini                              early application permitted. The Group anticipates
     diperkenankan.     Kelompok          Usaha                         that the new standard will have no material effect
     memperkirakan bahwa standar baru tersebut                          on the Group’s consolidated financial statements.
     tidak akan memberikan dampak material
     terhadap laporan keuangan konsolidasian
     Kelompok Usaha.

  d. Prinsip-prinsip Konsolidasi                                     d. Principles of Consolidation

     Laporan keuangan konsolidasian meliputi                           The consolidated financial statements comprise
     laporan keuangan Perusahaan dan entitas-                          the financial statements of the Company and its
     entitas anak. Kendali diperoleh bila Kelompok                     subsidiaries. Control is achieved when the Group
     Usaha terekspos atau memiliki hak atas imbal                      is exposed, or has rights, to variable returns from
     hasil variabel dari keterlibatannya dengan                        its involvement with the investee and has the
     investee dan memiliki kemampuan untuk                             ability to affect those returns through its power
     mempengaruhi imbal hasil tersebut melalui                         over the investee. Thus, the Group controls an
     kekuasaannya atas investee. Dengan demikian,                      investee if and only if the Group has all of the
     investor mengendalikan investee jika dan hanya                    following:
     jika investor memiliki seluruh hal berikut ini:
     a. Kekuasaan atas investee, yaitu hak yang ada                     a. Power over the investee, that is existing rights
         saat ini yang memberi investor kemampuan                          that give the Group current ability to direct the
         kini untuk mengarahkan aktivitas relevan dari                     relevant activities of the investee,
         investee,
      b. Eksposur atau hak atas imbal hasil variabel                    b. Exposure, or rights, to variable returns from its
         dari keterlibatannya dengan investee, dan                         involvement with the investee, and
     c. Kemampuan            untuk       menggunakan                    c. The ability to use its power over the investee to
         kekuasaannya        atas    investee        untuk                 affect its returns.
         mempengaruhi jumlah imbal hasil.

     Bila Kelompok Usaha tidak memiliki hak suara                       When the Group has less than a majority of the
     atau hak serupa secara mayoritas atas suatu                        voting or similar rights of an investee, the Group
     investee, Kelompok Usaha mempertimbangkan                          considers all relevant facts and circumstances in
     semua fakta dan keadaan yang relevan dalam                         assessing whether it has power over an investee,
     mengevaluasi     apakah     mereka   memiliki                      including:
     kekuasaan atas 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 Kelompok Usaha.                                           rights.




                                                             42
Page 512
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

  d. Prinsip-prinsip Konsolidasi (lanjutan)                         d. Principles of Consolidation (continued)

     Kelompok Usaha 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
     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 Kelompok Usaha memperoleh                      subsidiary and ceases when the Group loses
     pengendalian atas entitas anak dan berakhir pada                  control of the subsidiary. Assets, liabilities, income
     saat Kelompok Usaha kehilangan pengendalian                       and expenses of a subsidiary acquired during the
     atas entitas anak. Aset, liabilitas, penghasilan dan              year are included in the consolidated financial
     beban dari entitas anak yang diakuisisi pada                      statements from the date the Group gains control
     tahun tertentu disertakan dalam laporan                           until the date the Group ceases to control the
     keuangan konsolidasian sejak tanggal Kelompok                     subsidiary.
     Usaha memperoleh kendali sampai tanggal
     Kelompok usaha 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 pada                 the equity holders of the parent of the Group and
     Kepentingan Non-Pengendali (“KNP”), walaupun                      to the Non-Controlling Interests (“NCI”), even if
     hal ini akan menyebabkan saldo KNP yang defisit.                  this results in the NCI having a deficit balance.
     Bila dipandang perlu, penyesuaian dilakukan                       When necessary, adjustments are made to the
     terhadap laporan keuangan entitas anak untuk                      financial statements of subsidiaries to bring their
     diselaraskan dengan kebijakan akuntansi                           accounting policies into line with the Group’s
     Kelompok Usaha.                                                   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     Kelompok        Usaha      dieliminasi                transactions between members of the Group are
     sepenuhnya pada saat konsolidasi.                                 eliminated in full on consolidation.

     Perubahan dalam bagian kepemilikan entitas                        Changes in the parent entity’s ownership interest
     induk     pada    entitas    anak    yang     tidak               in a subsidiary that do not result in a loss of control
     mengakibatkan hilangnya pengendalian, dicatat                     are accounted for as equity transactions. When
     sebagai transaksi ekuitas. Bila kehilangan                        control over a subsidiary is lost, the Group
     pengendalian atas suatu entitas anak, maka                        derecognizes the related assets (including
     Kelompok Usaha menghentikan pengakuan atas                        goodwill), liabilities, NCI and other components of
     aset (termasuk goodwill), liabilitas, KNP dan                     equity, with the resulting difference recognized in
     komponen lain dari ekuitas terkait, dan selisihnya                profit or loss. Any retained interest in the
     diakui pada laba rugi. Bagian dari investasi yang                 investment is recognized at fair value.
     tersisa diakui pada nilai wajar.




                                                            43
Page 513
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  e. Investasi pada Ventura Bersama                               e. Investment in Joint Ventures

     Ventura bersama adalah salah satu tipe                          A joint venture is a type of joint arrangement
     pengaturan bersama yang mengatur bahwa para                     whereby the parties that have joint control of the
     pihak yang memiliki pengendalian bersama atas                   arrangement have rights to the net assets of the
     pengaturan memiliki hak atas aset neto ventura                  joint venture. Joint control is the contractually
     bersama.    Pengendalian    bersama     adalah                  agreed sharing of control of an arrangement,
     persetujuan    kontraktual    untuk    berbagi                  which exists only when decisions about the
     pengendalian atas suatu pengaturan, yang ada                    relevant activities require the unanimous consent
     hanya ketika keputusan mengenai aktivitas                       of the parties sharing control.
     relevan mensyaratkan persetujuan dengan suara
     bulat dari seluruh pihak yang berbagi
     pengendalian.

     Bagian Kelompok Usaha atas laba rugi ventura                    The Group’s share of the joint ventures’ post-
     bersama pasca akuisisi diakui dalam laba rugi                   acquisition profits or losses is recognized in profit
     dan    bagian     atas   mutasi     penghasilan                 or loss, and its share of post-acquisition
     komprehensif lain pasca akuisisi diakui di dalam                movements in other comprehensive income is
     penghasilan komprehensif lain dan diikuti dengan                recognized in other comprehensive income with
     penyesuaian pada jumlah tercatat investasi.                     a corresponding adjustment to the carrying
     Dividen yang akan diterima dari ventura bersama                 amount of the investment. Dividends receivable
     diakui sebagai pengurang jumlah tercatat                        from joint ventures are recognized as reductions
     investasi.                                                      in the carrying amount of the investment.

     Jika bagian Kelompok Usaha atas kerugian                        When the Group’s share of losses in a joint
     ventura bersama sama dengan atau melebihi nilai                 venture equals or exceeds its interest in the joint
     kepemilikannya di ventura bersama, Kelompok                     venture, the Group does not recognize further
     Usaha     menghentikan    pengakuan     bagian                  losses, unless the Group has incurred legal or
     kerugiannya, kecuali Kelompok Usaha memiliki                    constructive obligations or made payments on
     kewajiban hukum atau harus melakukan                            behalf of the joint venture.
     pembayaran tertentu atas nama ventura bersama
     tersebut.

     Laba rugi yang dihasilkan dari transaksi antara                 Profits and losses resulting from transactions
     Kelompok Usaha dengan ventura bersama diakui                    between the Group and its joint ventures are
     dalam     laporan     keuangan      konsolidasian               recognized in the Group’s consolidated financial
     Kelompok Usaha hanya sebesar bagian venturer                    statements only to the extent of unrelated
     lain yang tidak berelasi dalam ventura bersama.                 venturer’s interest in the joint ventures. The
     Pada setiap tanggal pelaporan, Kelompok Usaha                   Group determines at each reporting date whether
     menentukan apakah terdapat bukti obyektif                       there is any objective evidence that the
     bahwa telah terjadi penurunan nilai pada investasi              investment in the joint venture is impaired.
     di ventura bersama.

     Jika demikian, maka Kelompok Usaha                               If this is the case, the Group calculates the
     menghitung besarnya penurunan nilai sebagai                      amount of impairment as the difference between
     selisih antara jumlah yang terpulihkan dan jumlah                the recoverable amount of the joint venture and
     tercatat investasi pada ventura bersama dan                      its carrying amount and recognizes the amount
     mengakui selisih tersebut pada “Bagian Laba                      adjacent to “Shares in Gain (Loss) of Associates
     (Rugi) Entitas Asosiasi dan Ventura Bersama”                     and Joint Ventures” in profit or loss.
     dalam laba rugi.




                                                          44
Page 514
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  f. Investasi pada Entitas Asosiasi                               f. Investments in Associates

     Entitas asosiasi adalah entitas yang terhadapnya                 An associate is an entity over which the Group
     Kelompok Usaha memiliki pengaruh signifikan.                     has significant influence. Significant influence is
     Pengaruh signifikan adalah kekuasaan untuk                       the power to participate in the financial and
     berpartisipasi dalam keputusan kebijakan                         operating policy decisions of the investee, but is
     keuangan dan operasional investee, tetapi tidak                  neither control nor joint control over those policies
     mengendalikan atau mengendalikan bersama                         (significant influence).
     atas kebijakan tersebut (pengaruh signifikan).

     Investasi Kelompok Usaha pada entitas asosiasi                   The Group’s investment in associates accounted
     dicatat dengan menggunakan metode ekuitas.                       for using the equity method. Under the equity
     Dalam metode ekuitas, pengakuan awal investasi                   method, the investment in an associate is initially
     diakui sebesar biaya perolehan, dan jumlah                       recognized at cost and the carrying amount is
     tercatat ditambah atau dikurang untuk mengakui                   increased or decreased to recognize the
     bagian atas laba rugi investee setelah tanggal                   investor’s share of the profit or loss of the
     perolehan. Bagian atas laba rugi investee diakui                 investee after the date of acquisition. The
     dalam laba rugi. Penerimaan distribusi dari                      investor’s share of the profit or loss of the
     investee mengurangi nilai tercatat investasi.                    investee is recognized in profit or loss.
                                                                      Distributions received from an investee reduce
                                                                      the carrying amount of the investment.

     Laba rugi konsolidasian mencerminkan bagian                      The consolidated profit or loss reflects the Group’s
     dari Kelompok Usaha atas hasil operasi dari                      share of the results of operations of the associate.
     entitas asosiasi. Perubahan PKL dari entitas                     Any change in OCI of the associate is presented
     asosiasi disajikan sebagai bagian dari PKL                       as part of the Group’s OCI. In addition, when there
     Kelompok Usaha. Selain itu, bila terdapat                        has been a change recognized directly in the
     perubahan yang diakui langsung pada ekuitas                      equity of the associate, the Group recognizes its
     entitas asosiasi, Kelompok Usaha mengakui                        share of any changes, when applicable, in the
     bagiannya atas perubahan, jika sesuai, dalam                     consolidated statement of changes in equity.
     laporan perubahan ekuitas konsolidasian. Laba                    Unrealized gains and losses resulting from
     atau rugi yang belum direalisasi sebagai hasil dari              transactions between the Group and the associate
     transaksi-transaksi antara Kelompok Usaha                        are eliminated to the extent of the interest in the
     dengan entitas asosiasi dieliminasi sesuai                       associate.
     dengan kepentingan dalam entitas asosiasi.

     Gabungan bagian Kelompok Usaha atas laba rugi                    The aggregate of the Group’s share of profit or
     entitas asosiasi disajikan pada muka laporan laba                loss of an associate is shown on the face of the
     rugi dan penghasilan komprehensif lain                           consolidated statement of profit or loss and other
     konsolidasian (sebagai laba atau rugi) di luar laba              comprehensive income (as profit or loss) outside
     usaha dan mencerminkan laba atau rugi setelah                    operating profit and represents profit or loss after
     pajak dan kepentingan nonpengendali pada                         tax and NCI in the subsidiaries of the associate
     entitas anak dari entitas asosiasi.

     Laporan keuangan entitas asosiasi disusun atas                   The financial statements of the associate are
     periode pelaporan yang sama dengan Kelompok                      prepared for the same reporting period of the
     Usaha.                                                           Group.




                                                           45
Page 515
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  f. Investasi pada Entitas Asosiasi (lanjutan)                      f. Investments in Associates (continued)

     Setelah penerapan metode ekuitas, Kelompok                         After application of the equity method, the Group
     Usaha menentukan apakah diperlukan untuk                           determines whether it is necessary to recognize
     mengakui tambahan rugi penurunan nilai atas                        an additional impairment loss on the Group’s
     investasi Kelompok Usaha dalam entitas                             investment in its associate. The Group determines
     asosiasi. Kelompok Usaha menentukan pada                           at each reporting date whether there is any
     setiap tanggal pelaporan apakah terdapat bukti                     objective evidence that the investment in the
     yang obyektif yang mengindikasikan bahwa                           associate is impaired. If this is the case, the Group
     investasi dalam entitas asosiasi mengalami                         calculates the amount of impairment as the
     penurunan nilai. Dalam hal ini, Kelompok Usaha                     difference between the recoverable amount of the
     menghitung jumlah penurunan nilai berdasarkan                      investment in associate and its carrying value, and
     selisih antara jumlah terpulihkan atas investasi                   recognizes the amount in profit or loss.
     dalam entitas asosiasi dan nilai tercatatnya dan
     mengakuinya dalam laba rugi.

     Pada saat kehilangan pengaruh signifikan atas                      When the Group loses significant influence over
     entitas asosiasi, Kelompok Usaha mengukur dan                      an associate, the Group measures and
     mengakui bagian investasi tersisa pada nilai                       recognizes its remaining interest at fair value.
     wajar. Selisih antara nilai tercatat entitas asosiasi              The difference between the carrying amount of
     dan nilai wajar investasi yang tersisa dan                         the associate and the fair value of the retained
     penerimaan dari pelepasan investasi diakui pada                    investment, together with any proceeds from the
     laba rugi                                                          disposal, is recognized in profit or loss.

  g. Kas dan Setara Kas                                              g. Cash and Cash Equivalents

     Kas dan setara kas dalam laporan posisi                             Cash and cash equivalents in the consolidated
     keuangan konsolidasian yang terdiri dari kas,                       statements of financial position comprise cash
     bank dan deposito jangka pendek yang jatuh                          on hand and in banks and short-term deposits
     tempo dalam waktu 3 bulan atau kurang dari                          with a maturity of three (3) months or less at the
     tanggal penempatannya, yang dapat segera                            time of placement, that are readily convertible to
     dikonversikan menjadi kas dalam jumlah yang                         a known amount of cash, subject to an
     dapat ditentukan, memiliki risiko perubahan nilai                   insignificant risk of changes in value and and
     yang tidak signifikan dan dan tidak digunakan                       which are not used as collateral or not restricted.
     sebagai jaminan atau dibatasi penggunaannya.

     Deposito berjangka dengan jangka waktu lebih                       Time deposits with maturities of more than 3
     dari 3 (tiga) bulan tapi tidak melebihi 1 (satu)                   (three) months but not exceeding 1 (one) year at
     tahun dari tanggal penempatannya disajikan                         the time of placement are presented as part of
     sebagai bagian dari “Investasi Jangka Pendek”.                     “Short-term Investments”.

     Kas dan setara kas yang dibatasi penggunaannya                      Cash and cash equivalents which are restricted
     disajikan   sebagai    “Kas     yang    dibatasi                    are included within “Restricted Cash”.
     Penggunaannya”.




                                                             46
Page 516
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  h. Transaksi dengan Pihak-pihak Berelasi                        h. Transactions with Related Parties

       Perusahaan dan entitas anaknya melakukan                      The Company and subsidiaries have transactions
       transaksi dengan pihak berelasi sesuai dengan                 with related parties as defined in PSAK 224:
       definisi yang diuraikan pada PSAK 224:                        Related Party Disclosures.
       Pengungkapan Pihak-pihak Berelasi.

       Transaksi ini dilakukan berdasarkan persyaratan               The transactions are made based on terms
       yang disetujui oleh kedua belah pihak, yang                   agreed by the parties, which may not be the same
       mungkin tidak sama dengan transaksi lain yang                 as those made with unrelated parties.
       dilakukan dengan pihak-pihak yang tidak
       berelasi.

       Seluruh transaksi dan saldo yang signifikan                   All significant transactions and balances
       dengan pihak-pihak berelasi telah diungkapkan                 with related parties are disclosed in
       dalam Catatan 41.                                             Note 41.

       Kecuali diungkapkan khusus sebagai pihak                      Unless specifically identified as related parties,
       berelasi, maka pihak-pihak lain yang disebutkan               the parties disclosed in the notes to the
       dalam     catatan  atas    laporan    keuangan                consolidated financial statements are unrelated
       konsolidasian merupakan pihak tidak berelasi.                 parties.

  i.   Persediaan                                                 i. Inventories

       Persediaan    dinyatakan       berdasarkan nilai              Inventories are stated at the lower of cost or net
       terendah antara biaya perolehan atau nilai                    realizable value. Cost is determined using the first
       realisasi neto. Biaya perolehan ditentukan                    in first out, except for spare parts which use the
       dengan menggunakan metode pertama masuk                       moving average method. Allowance for inventory
       pertama keluar, kecuali untuk suku cadang yang                obsolescence/ losses is provided to reduce the
       menggunakan metode rata-rata bergerak.                        carrying value of inventories to their net realizable
       Cadangan keusangan/ kerugian persediaan                       value.
       ditetapkan untuk menurunkan nilai tercatat
       persediaan ke nilai realisasi netonya.

       Nilai realisasi neto adalah taksiran harga jual               Net realizable value is the estimated selling price
       dalam kegiatan usaha normal setelah dikurangi                 in the ordinary course of business less estimated
       dengan taksiran biaya penyelesaian dan taksiran               cost of completion and estimated cost necessary
       biaya yang diperlukan untuk melaksanakan                      to make the sale.
       penjualan.

  j.   Uang Muka dan Biaya Dibayar di Muka                        j. Advances and Prepaid Expenses

       Biaya dibayar dimuka diamortisasi selama masa                 Prepaid expenses are amortized over their
       manfaat masing-masing biaya dengan metode                     beneficial periods using the straight-line method.
       garis lurus.




                                                          47
Page 517
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

  k. Aset Tetap                                                      k. Fixed Assets

     Aset tetap, kecuali hak atas tanah, pada awalnya                    Fixed assets, except landrights, are initially
     diakui sebesar biaya perolehan, yang terdiri atas                   recognized at cost, which comprises its purchase
     harga perolehan dan biaya-biaya tambahan yang                       price and any costs directly attributable in
     dapat diatribusikan langsung untuk membawa                          bringing the asset to its working condition and to
     aset ke lokasi dan kondisi yang diinginkan agar                     the location where it is intended to be used. Such
     aset siap digunakan. Biaya perolehan termasuk                       cost includes the cost of replacing part of the
     biaya penggantian bagian aset tetap saat biaya                      fixed assets when that cost is incurred, if the
     tersebut terjadi, jika memenuhi kriteria                            recognition criteria are met.
     pengakuan.

     Selanjutnya, pada saat inspeksi yang signifikan                     Likewise, when a major inspection is performed,
     dilakukan, biaya inspeksi itu diakui ke dalam                       its cost is recognized in the carrying amount of
     jumlah tercatat (carrying amount) aset tetap                        the fixed assets as a replacement if the
     sebagai suatu penggantian jika memenuhi kriteria                    recognition criteria are met. In the case of
     pengakuan. Apabila terdapat kewajiban untuk                         mandatory dismantling or asset removals, the
     membongkar dan memindahkan aset tetap maka                          related costs are added to the cost of the relevant
     beban yang terkait akan ditambahkan ke biaya                        assets and provisions are recognized to cover the
     perolehan aset tetap yang bersangkutan dan                          costs.
     kewajiban atas biaya terkait tersebut diakui.

     Semua biaya pemeliharaan dan perbaikan yang                         All other repairs and maintenance costs that do
     tidak memenuhi kriteria pengakuan diakui dalam                      not meet the recognition criteria are recognized in
     laporan laba rugi dan penghasilan komprehensif                      consolidated statement of profit or loss and other
     lain konsolidasian pada saat terjadinya. Aset                       comprehensive income as incurred. Depreciation
     tetap, kecuali hak atas tanah, disusutkan dengan                    of fixed assets, except for landrights, is computed
     metode garis lurus berdasarkan estimasi masa                        using the straight-line method over the estimated
     manfaat masing-masing aset tetap sebagai                            useful lives of the assets as follows:
     berikut:

                                               Umur Ekonomis (Tahun)/
       Jenis Aset Tetap                         Economic Age (Years)                                     Types of Fixed Assets

       Bangunan lapangan                                  6 - 80                                                  Field buildings
       Bangunan gedung                                   20 - 50                                                        Buildings
       Kendaraan bermotor                                 5 - 10                                                        Vehicles
       Mesin dan peralatan                                5 - 20                                      Machinery and equipment
       Perlengkapan terminal                                                                                       Terminal and
          dan gedung                                      5 - 15                                         building equipment
       Instalasi dan jaringan                             5 - 20                                       Installation and network
       Lain-lain                                          5 - 20                                                          Others

     Biaya pengurusan untuk memperpanjang atau                           The legal cost of landrights to extend or renew the
     memperbaharui hak atas tanah diakui sebagai                         landrights are recognized as intangible assets
     aset takberwujud dan diamortisasi sepanjang                         and amortized, over the shorter of the rights’ legal
     umur hukum hak atau umur ekonomis tanah,                            life or the land’s economic life.
     mana yang lebih pendek.




                                                           48
Page 518
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  k. Aset Tetap (lanjutan)                                         k. Fixed Assets (continued)

     Biaya pemeliharaan dan perbaikan diakui sebagai                  Maintenance and repair costs are recognized as
     beban pada saat terjadinya. Pengeluaran yang                     an expense as incurred. Expenditures that extend
     memperpanjang masa manfaat aset tetap                            the useful lives of fixed assets are capitalized and
     dikapitalisasi dan disusutkan sesuai dengan tarif                depreciated in accordance with the applicable
     penyusutan yang sesuai.                                          depreciation rates.

     Aset dalam penyelesaian dinyatakan sebesar                       Assets under construction is stated at cost based
     biaya perolehan yang ditentukan berdasarkan                      on accrual bases and progress on constructions
     basis akrual dan kemajuan fisik pekerjaan serta                  and presented as part of fixed assets. Cost
     disajikan sebagai bagian dari aset tetap. Biaya                  includes capitalized interest charges and
     perolehan termasuk kapitalisasi beban bunga dan                  gain/losses on foreign exchange, if any, incurred
     laba/rugi selisih kurs, jika ada, atas pinjaman dan              on borrowings and other costs incurred to finance
     biaya lainnya yang terjadi sehubungan dengan                     the said asset construction (Note 2n,
     pembiayaan aset dalam penyelesaian tersebut                      “Capitalization of Borrowing Costs”). Accrual of
     (Catatan 2n, “Kapitalisasi Biaya Pinjaman”).                     acquisition of fixed assets is presented as part of
     Akrual sehubungan dengan perolehan aset tetap                    other current liabilities account.
     disajikan sebagai bagian dari akun liabilitas
     jangka pendek lainnya.

     Akumulasi biayanya akan dipindahkan ke dalam                     The accumulated cost is reclassified to the
     kelompok aset tetap yang bersangkutan ketika                     relevant fixed assets account when the
     aset secara substansial selesai dikerjakan dan                   construction is substantially completed and the
     siap untuk digunakan.                                            constructed asset is ready for its intended use.

     Biaya pemeliharaan dan perbaikan diakui sebagai                  The cost of normal maintenance and repair work
     beban pada saat terjadinya biaya perbaikan yang                  is charged to operations as incurred the cost of
     signifikan dikapitalisasi sebagai penggantian                    significant improvements or betterments is
     apabila memenuhi kriteria pengakuan. Nilai kini                  capitalized as replacements if the recognition
     dari perkiraan biaya pembongkaran aset setelah                   criteria are satisfied. The present value of the
     aset digunakan termasuk dalam nilai perolehan                    expected cost for the decommissioning of the
     aset tersebut jika kriteria pengakuan untuk                      asset after its use is included in the cost of the
     penetapannya terpenuhi.                                          asset if the recognition criteria are met.

     Beban pemeliharaan dan perbaikan dibebankan                      Repairs and maintenance expenses are charged
     pada laba rugi pada saat terjadinya. Beban                       to the profit or loss when they are incurred. The
     pemugaran dan penambahan dalam jumlah besar                      cost of major renovation and restoration is
     dikapitalisasi kepada jumlah tercatat aset terkait               included in the carrying amount of the related
     bila besar kemungkinan bagi Kelompok Usaha                       asset when it is probable that future economic
     manfaat ekonomi masa depan menjadi lebih                         benefits in excess of the originally assessed
     besar dari standar kinerja awal yang ditetapkan                  standard of performance of the existing asset will
     sebelumnya dan disusutkan sepanjang sisa masa                    flow to the Group and is depreciated over the
     manfaat aset terkait.                                            remaining useful life of the related asset.




                                                           49
Page 519
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  k. Aset Tetap (lanjutan)                                         k. Fixed Assets (continued)

       Aset tetap tidak diakui lagi pada saat dilepaskan              An item of fixed asset is derecognized upon
       atau tidak ada manfaat ekonomis di masa yang                   disposal or when no future economic benefits are
       akan datang yang diharapkan dari penggunaan                    expected from its use or disposal. Any gain or
       atau pelepasannya. Laba atau rugi yang timbul                  loss on derecognition of the asset is recognized
       dari penghentian pengakuan aset tetap, diakui                  in the consolidated statement of profit or loss and
       dalam laporan laba rugi dan penghasilan                        other comprehensive income in the period the
       komprehensif lain konsolidasian pada periode                   asset is derecognized, which represents the
       penghentian pengakuan aset, yang merupakan                     difference between the net disposal proceeds
       selisih antara hasil pelepasan bersih dan jumlah               and the carrying amount of the asset.
       tercatat aset.

       Nilai sisa, masa manfaat dan metode penyusutan                 The residual values, useful lives and methods of
       aset tetap ditelaah dan disesuaikan secara                     depreciation of fixed assets are reviewed and
       prospektif, jika perlu, pada setiap akhir tahun                adjusted prospectively, if appropriate, at the end
       buku.                                                          of each financial year.

       Aset tetap dalam penyelesaian dicatat sebesar                  Assets under construction are stated at cost,
       biaya perolehan, yang mencakup kapitalisasi                    including capitalized borrowing costs and other
       beban pinjaman dan biaya-biaya lainnya yang                    charges incurred in connection with the financing
       terjadi sehubungan dengan pendanaan aset                       of the said asset constructions. The accumulated
       tetap dalam penyelesaian tersebut. Akumulasi                   costs will be reclassified to the appropriate “Fixed
       biaya perolehan akan direklasifikasi ke akun                   Assets” account when the construction is
       “Aset Tetap” yang bersangkutan pada saat aset                  completed and ready for use. Assets under
       tetap tersebut telah selesai dikerjakan dan siap               construction are not depreciated until they fulfill
       untuk digunakan. Aset tetap dalam penyelesaian                 criteria for recognition as fixed assets as
       tidak disusutkan sampai memenuhi syarat                        disclosed above.
       pengakuan      sebagai    aset    tetap   seperti
       diungkapkan di atas.

  l.   Properti Investasi                                          l. Investment Properties

       Properti investasi dinyatakan sebesar biaya                    Investment properties are stated at cost,
       perolehan termasuk biaya transaksi dikurangi                   including transaction costs, less accumulated
       akumulasi penyusutan dan penurunan nilai,                      depreciation and impairment, except for land
       kecuali tanah tidak disusutkan. Jumlah tercatat                which is not depreciated. The carrying amount
       termasuk bagian biaya penggantian dari properti                includes the cost of replacing part of an existing
       investasi yang ada pada saat terjadinya biaya,                 investment property when the fee is occured, if
       jika kriteria pengakuan terpenuhi dan tidak                    the recognition criteria are met and excludes the
       termasuk biaya harian penggunaan properti                      costs of the daily use of an investment property.
       investasi.

       Perusahaan telah memilih untuk menggunakan                     The Company has chosen to use the cost model
       model biaya untuk pengukuran aset properti                     for the measurement of investment property
       investasi.                                                     assets.

       Properti investasi terdiri dari bangunan dan                   Investment properties consist of buildings and
       prasarana yang dikuasai Perusahaan untuk                       infrastructure that are controlled by the Company
       menghasilkan sewa atau untuk kenaikan nilai                    to earn rentals or for capital appreciation or both,
       atau kedua-duanya dan tidak untuk digunakan                    rather than for use in the production or supply of
       dalam produksi atau penyediaan barang atau jasa                goods or services or for administrative purposes
       untuk tujuan administratif atau dijual dalam                   or sale in the ordinary course of business.
       kegiatan usaha sehari-hari.



                                                           50
Page 520
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  m. Aset Takberwujud                                           m. Intangible Assets

     Aset takberwujud diukur sebesar nilai perolehan                An intangible asset is measured on initial
     pada pengakuan awal. Setelah pengakuan awal,                   recognition at cost. Following initial recognition,
     aset takberwujud dicatat pada nilai perolehan                  the intangible asset is carried at cost less any
     dikurangi akumulasi amortisasi dan akumulasi                   accumulated amortization and any accumulated
     rugi penurunan nilai. Umur manfaat aset                        impairment loss. The useful life of the intangible
     takberwujud dinilai apakah terbatas atau tidak                 asset is assessed to be either finite or indefinite.
     terbatas. Aset takberwujud dengan umur terbatas                An intangible asset with finite life is amortized
     diamortisasi selama umur manfaat ekonomi aset                  over the asset’s useful economic life and
     dan dievaluasi apabila terdapat indikator adanya               assessed for impairment whenever there is an
     penurunan nilai untuk aset takberwujud. Periode                indication that the intangible asset may be
     dan metode amortisasi untuk aset takberwujud                   impaired. The amortization period and method for
     dengan umur terbatas ditelaah setidaknya setiap                an intangible asset with a finite useful life are
     akhir tahun tutup buku.                                        reviewed at least at each financial year end.

     Aset takberwujud dihentikan pengakuannya pada                  An intangible asset is derecognized:
     saat:
     i. Dijual; atau                                                 i. On disposal; or
     ii. Ketika tidak ada manfaat ekonomis di masa                   ii. When no future economic benefits are
         depan     yang   dapat   diharapkan      dari                   expected from its use or disposal.
         penggunaan atau penjualan aset tersebut.

     Aset takberwujud Perusahaan terdiri dari jasa                  The Company’s intangible assets consist of
     bantuan instalasi serta implementasi perangkat                 installation assistance and implementation of
     lunak.                                                         software.

  n. Kapitalisasi Biaya Pinjaman                                 n. Capitalization of Borrowing Costs

     Biaya pinjaman yang dapat diatribusikan                        Borrowing costs that are directly attributable to
     langsung dengan perolehan, konstruksi atau                     the acquisition, construction or production of
     pembuatan aset kualifikasian dikapitalisasi                    a qualifying asset are capitalized as part of the
     sebagai bagian biaya perolehan aset tersebut.                  cost of the related asset. Other borrowing costs
     Biaya pinjaman lainnya diakui sebagai beban                    are recognized as expenses in the period in
     pada periode terjadinya. Biaya pinjaman dapat                  which they are incurred. Borrowing costs may
     meliputi beban bunga, beban keuangan dalam                     include interest, finance charges in respect of
     sewa pembiayaan yang diakui sesuai dengan                      finance leases recognized in accordance with
     PSAK 223: Biaya Pinjaman dan selisih kurs yang                 PSAK 223: Borrowing Costs and foreign
     berasal dari pinjaman dalam mata uang asing                    exchange differences arising from foreign
     sepanjang selisih kurs tersebut diperlakukan                   currency borrowings to the extent that they are
     sebagai penyesuaian atas biaya bunga.                          regarded as adjustments to interest costs.

     Kapitalisasi biaya pinjaman dimulai pada saat                  Capitalization of borrowing costs commences
     dimulainya aktivitas yang diperlukan untuk                     when the activities to prepare the qualifying asset
     mempersiapkan aset kualifikasian agar dapat                    for its intended use have started and the
     digunakan sesuai dengan maksudnya dan                          expenditures for the qualifying asset and the
     pengeluaran untuk aset dan biaya pinjamannya                   borrowing      costs    have     been     incurred.
     telah terjadi. Kapitalisasi biaya pinjaman                     Capitalization of borrowing costs ceases when all
     dihentikan pada saat selesainya secara                         the activities necessary to prepare the qualifying
     substansial seluruh aktivitas yang diperlukan                  asset for its intended use are substantially
     untuk mempersiapkan aset kualifikasian agar                    completed.
     dapat digunakan sesuai dengan maksudnya.




                                                         51
Page 521
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  o. Beban Akrual                                                  o. Accrued Expenses

     Beban akrual diakui jika Kelompok Usaha                          Accrued expenses is recognized when the Group
     memiliki kewajiban kini (baik bersifat hukum                     has a present obligation (legal or constructive), as
     maupun bersifat konstruktif) sebagai akibat                      a result of a past event, it is probable that an
     peristiwa masa lalu, besar kemungkinannya                        outflow of resources embodying economic
     penyelesaian kewajiban tersebut mengakibatkan                    benefits will be required to settle the obligation
     arus keluar sumber daya yang mengandung                          and a reliable estimate can be made of the
     manfaat ekonomi dan estimasi yang andal                          amount of the obligation.
     mengenai jumlah kewajiban tersebut dapat
     dibuat.

     Beban akrual ditelaah pada setiap tanggal                        Accrued expenses are reviewed at each reporting
     pelaporan dan disesuaikan untuk mencerminkan                     date and adjusted to reflect the current best
     estimasi terbaik yang paling kini. Jika arus keluar              estimate. If it is no longer probable that an outflow
     sumber daya untuk menyelesaikan kewajiban                        of resources embodying economic benefits will
     kemungkinan besar tidak terjadi maka provisi                     be required to settle the obligations, the
     dibatalkan.                                                      provisions are reversed.

  p. Liabilitas Imbalan Kerja                                      p. Employee Benefits Liabilities

     Imbalan Kerja Jangka Pendek                                      Short-term Employee Benefits

     Kelompok Usaha mengakui liabilitas imbalan                       The Group recognizes short-term employee
     kerja jangka pendek ketika jasa diberikan oleh                   benefits liability when services are rendered and
     karyawan dan imbalan atas jasa tersebut akan                     the compensation for such services are to be paid
     dibayarkan dalam waktu dua belas bulan setelah                   within twelve months after such services are
     jasa tersebut diberikan.                                         rendered.

     Imbalan Pensiun dan Imbalan Pasca Kerja                          Pension Benefits and Other Post Employment
     Lainnya                                                          Benefits

     Biaya untuk penyediaan manfaat dibawah                           The cost of providing benefits under the defined
     program pensiun imbalan pasti ditentukan                         benefit plan is determined using the projected-
     dengan menggunakan metode projected-unit-                        unit-credit method under Collective Labor
     credit sesuai dengan Perjanjian Kerja Bersama                    Agreement and Government Regulation in Lieu of
     dan Peraturan Pemerintah Pengganti Undang-                       Law No. 2/2022 (the “Cipta Kerja Law”).
     undang tentang Cipta Kerja No. 2/2022 (“UU Cipta
     Kerja”).

     Pengukuran kembali, terdiri atas keuntungan dan                  Re-measurements, comprising of actuarial gains
     kerugian aktuarial, segera diakui pada laporan                   and losses, are recognized immediately in the
     posisi keuangan konsolidasian dengan pengaruh                    consolidated statement of financial position with a
     langsung didebit atau dikreditkan kepada saldo                   corresponding debit or credit to retained earnings
     laba melalui PKL pada periode terjadinya.                        through OCI in the period in which they occur. Re-
     Pengukuran kembali tidak direklasifikasi ke laba                 measurements are not reclassified to profit or loss
     rugi pada periode berikutnya.                                    in subsequent periods.




                                                           52
Page 522
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  p. Liabilitas Imbalan Kerja (lanjutan)                          p. Employee Benefits Liabilities (continued)

     Imbalan Pensiun dan Imbalan Pasca Kerja                         Pension Benefits and Other Post Employment
     Lainnya (lanjutan)                                              Benefits (continued)

     Biaya jasa lalu harus diakui sebagai beban pada                 Past service costs are recognized in profit or loss
     saat yang lebih awal antara:                                    at the earlier between:
     i) ketika program amandemen atau kurtailmen                     i) the date of the plan amendment or
         terjadi; dan                                                     curtailment, and
     ii) ketika entitas mengakui biaya restrukturisasi               ii) the date the Group recognizes related
         atau imbalan terminasi terkait.                                  restructuring costs.

     Bunga neto dihitung dengan menerapkan tingkat                   Net interest is calculated by applying the discount
     diskonto yang digunakan terhadap liabilitas                     rate to the net defined benefit liability. The Group
     imbalan kerja. Kelompok Usaha mengakui                          recognizes the following changes in the net
     perubahan berikut pada kewajiban obligasi neto                  defined benefit obligation under “General and
     pada akun “Beban Umum dan Administrasi” pada                    Administrative Expenses” as appropriate in the
     laporan laba rugi dan penghasilan komprehensif                  consolidated statement of profit or loss and other
     lain konsolidasian:                                             comprehensive income:
      i) Biaya jasa terdiri atas biaya jasa kini, biaya              i) Service costs comprising current service
          jasa lalu, keuntungan atau kerugian atas                       costs, past-service costs, gains or losses on
          penyelesaian (curtailment) tidak rutin, dan                    curtailments and non-routine settlements,
                                                                         and
     ii)   Beban atau penghasilan bunga neto.                        ii) Net interest expense or income.


     Perusahaan memiliki program dana pensiun                        The Company has pension defined benefit funds
     manfaat pasti dan program tunjangan hari tua.                   program and annuities program. Moreover, the
     Selain itu, Perusahaan memberikan tunjangan                     Company provides benefits to employees who
     kepada pegawai yang telah memenuhi                              have fulfilled the requirements of the provisions,
     persyaratan     ketentuan    yaitu  tunjangan                   which are housing allowance, loyalty reward,
     perumahan, penghargaan pengabdian, masa                         retirement preparation, health insurance to
     persiapan pensiun, jaminan kesehatan kepada                     pensioners, and long service leave.
     pensiunan, dan cuti jangka panjang.

     Imbalan berupa uang penghargaan diberikan                       Service awards are provided to employees who
     apabila karyawan bekerja hingga mencapai masa                   remain employed until they reach a specified
     kerja tertentu. Santunan kematian diberikan                     length of service. Death benefits are granted in
     apabila pegawai atau anggota keluarga tertentu                  the event of the death of an employee or certain
     meninggal dunia. Nilai imbalan yang diberikan                   eligible family members. The amount of these
     didasarkan     pada   peraturan   Perusahaan.                   benefits is determined based on the Company’s
     Sementara itu, imbalan berupa uang pisah                        regulations. Meanwhile, separation payments are
     dibayarkan       kepada     karyawan     yang                   provided to employees who voluntarily resign
     mengundurkan diri secara sukarela setelah                       after meeting a minimum required length of
     memenuhi masa kerja minimum tertentu. Imbalan                   service. These benefits are calculated using the
     tersebut    dihitung   dengan    menggunakan                    same methodology applied in measuring the
     metodologi yang sama dengan metodologi yang                     defined benefit pension plan.
     digunakan dalam perhitungan program pensiun
     imbalan pasti.




                                                          53
Page 523
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  q. Liabilitas Kontrak                                           q. Contract Liabilities

     Liabilitas kontrak adalah penerimaan uang dari                  Contract liabilities are cash received from other
     pihak lain sehubungan dengan jasa yang akan                     parties in connection with the services that will be
     dilakukan oleh Kelompok Usaha di masa depan                     performed by the Group in the future but the
     tetapi jasa tersebut belum diserahkan kepada                    services not yet delivered to that parties.
     pihak tersebut.

     Bagian tidak lancar atas liabilitas kontrak                     The non-current portion of contract liabilities is
     disajikan sebagai bagian dari "liabilitas jangka                shown as part of "other non-current liabilities" in
     panjang lainnya" pada laporan posisi keuangan                   the consolidated statements of financial position.
     konsolidasian.

  r. Sewa                                                        r. Leases

     Kelompok Usaha menilai pada saat insepsi                        The Group assesses at contract inception
     kontrak apabila kontrak tersebut adalah, atau                   whether a contract is, or contains, a lease. That
     mengandung, sewa. Yaitu, bila kontrak tersebut                  is, if the contract conveys the right to control the
     memberikan     hak    untuk    mengendalikan                    use of an identified asset for a period of time in
     penggunaan aset identifikasian selama suatu                     exchange for consideration.
     jangka waktu untuk dipertukarkan dengan
     imbalan.

     Kelompok Usaha sebagai Penyewa                                  The Group as Lessee

     Kelompok Usaha menerapkan pendekatan                            The Group applies a single recognition and
     pengakuan dan pengukuran tunggal untuk semua                    measurement approach for all leases, except for
     sewa, kecuali untuk sewa jangka-pendek dan                      short-term leases and leases of low-value assets.
     sewa yang aset pendasarnya bernilai-rendah.                     The Group recognizes lease liabilities to make
     Kelompok Usaha mengakui liabilitas sewa untuk                   lease payments and right-of-use assets
     melakukan pembayaran sewa dan aset hak-guna                     representing the right to use the underlying
     yang mewakili hak untuk menggunakan aset                        assets.
     pendasar.

     Aset hak-guna                                                   Right-of-use assets

     Kelompok Usaha mengakui aset hak-guna pada                      The Group recognizes right-of-use assets at the
     tanggal permulaan sewa (yaitu tanggal aset                      commencement date of the lease (i.e., the date
     pendasar tersedia untuk digunakan). Aset hak-                   the underlying asset is available for use). Right-
     guna diukur pada harga perolehan, dikurangi                     of-use assets are measured at cost, less any
     akumulasi penyusutan dan penurunan nilai, serta                 accumulated depreciation and impairment
     disesuaikan dengan pengukuran kembali liabilitas                losses, and adjusted for any remeasurement of
     sewa. Biaya perolehan aset hak-guna mencakup                    lease liabilities. The cost of right-of-use assets
     jumlah liabilitas sewa yang diakui, biaya langsung              includes the amount of lease liabilities
     awal yang terjadi, dan pembayaran sewa yang                     recognized, initial direct costs incurred, and lease
     dilakukan pada atau sebelum tanggal permulaan                   payments made at or before the commencement
     dikurangi setiap insentif sewa yang diterima.                   date less any lease incentives received.

     Jika kepemilikan aset pendasar sewa beralih ke                  If ownership of the leased asset transfers to the
     Kelompok Usaha pada akhir masa sewa atau                        Group at the end of the lease term or the cost
     biaya perolehan aset hak-guna merefleksikan                     reflects the exercise of a purchase option,
     Kelompok Usaha akan mengeksekusi opsi beli,                     depreciation is calculated using the estimated
     maka penyusutan aset hak-guna dihitung                          useful life of the asset.The right-of-use assets are
     menggunakan estimasi masa manfaat aset. Aset                    also assessed for impairment.
     hak-guna juga dievaluasi untuk penurunan nilai.



                                                          54
Page 524
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

  r. Sewa (lanjutan)                                               r. Leases (continued)

     Kelompok Usaha sebagai Penyewa (lanjutan)                         The Group as Lessee (continued)

     Liabilitas sewa                                                   Lease liabilities

     Pada tanggal permulaan sewa, Kelompok Usaha                       At the commencement date of the lease, the
     mengakui liabilitas sewa yang diukur pada nilai kini              Group recognizes lease liabilities measured at
     pembayaran sewa yang harus dilakukan selama                       the present value of lease payments to be made
     masa sewa.                                                        over the lease term.

     Pembayaran sewa juga mencakup harga                               The lease payments also include the exercise
     pelaksanaan dari opsi beli yang secara wajar                      price of a purchase option reasonably certain to
     pasti dilaksanakan oleh Kelompok Usaha dan                        be exercised by the Group and payments of
     pembayaran penalti untuk mengakhiri sewa, jika                    penalties for terminating the lease, if the lease
     masa sewa merefleksikan adanya opsi dapat                         term reflects exercising the option to terminate.
     mengakhiri sewa. Pembayaran sewa variabel                         Variable lease payments that do not depend on
     yang tidak bergantung pada indeks atau tarif                      an index or a rate are recognized as expenses in
     diakui sebagai beban pada periode terjadinya                      the period in which the event or condition that
     peristiwa atau kondisi yang memicu terjadinya                     triggers the payment occurs.
     pembayaran tersebut.

     Dalam menghitung nilai kini pembayaran sewa,                      In calculating the present value of lease
     Kelompok Usaha menggunakan Suku Bunga                             payments, the Group uses its Incremental
     Pinjaman Inkremental (“SBPI”) pada tanggal                        Borrowing Rate (“IBR”) at the lease
     permulaan sewa karena suku bunga implisit                         commencement date because the interest rate
     dalam sewa tidak dapat langsung ditentukan.                       implicit in the lease is not readily determinable.
     Setelah tanggal permulaan, jumlah kewajiban                       After the commencement date, the amount of
     sewa ditingkatkan untuk mencerminkan akresi                       lease liabilities is increased to reflect the
     bunga (atas efek diskonto) dan dikurangi untuk                    accretion of interest and reduced for the lease
     pembayaran sewa yang dilakukan.                                   payments made.

     Selain itu, nilai tercatat liabilitas sewa diukur                 In addition, the carrying amount of lease liabilities
     kembali jika terdapat modifikasi, perubahan masa                  is remeasured if there is a modification, a change
     sewa, perubahan pembayaran sewa, atau                             in the lease term, a change in the lease payments
     perubahan penilaian atas opsi untuk membeli                       or a change in the assessment of an option to
     aset pendasar.                                                    purchase the underlying asset.

     Sewa jangka pendek dan sewa dengan aset                           Short-term leases and leases of low-value assets
     bernilai rendah

     Kelompok Usaha menerapkan pengecualian                            The Group applies the short-term lease
     pengakuan sewa jangka pendek untuk sewa yang                      recognition exemption to its short-term leases
     jangka waktu sewanya pendek (yaitu, sewa yang                     (i.e., those leases that have a lease term of
     memiliki jangka waktu sewa 12 bulan atau kurang                   12 months or less from the commencement date
     dari tanggal permulaan dan tidak memiliki opsi                    and do not contain a purchase option). The Group
     beli). Kelompok Usaha juga menerapkan                             also applies the lease of low-value assets
     pengecualian pengakuan sewa dengan aset                           recognition exemption to leases that are
     bernilai rendah untuk sewa yang aset                              considered to be low value. Lease payments on
     pendasarnya      dianggap      bernilai   rendah.                 short-term leases and leases of low-value
     Pembayaran sewa untuk sewa jangka pendek                          underlying assets are recognized as expense on
     dan sewa dari aset bernilai rendah diakui sebagai                 a straight-line basis over the lease term.
     beban dengan metode garis lurus selama masa
     sewa.



                                                            55
Page 525
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  r. Sewa (lanjutan)                                              r. Leases (continued)

     Kelompok Usaha sebagai Pesewa                                    The Group as Lessor

     Sewa yang dalam pengaturannya Kelompok                           Leases in which the Group does not transfer
     Usaha tidak mengalihkan secara substansial                       substantially all the risks and rewards incidental
     seluruh risiko dan manfaat yang terkait dengan                   to ownership of an asset are classified as
     kepemilikan suatu aset diklasifikasikan sebagai                  operating leases. Lease income arising is
     sewa operasi. Pendapatan sewa yang timbul                        accounted for on a straight-line basis over the
     dicatat dengan metode garis lurus selama masa                    lease terms and is included in other operating
     sewa dan diakui sebagai bagian dari pendapatan                   income in the profit or loss due to its operating
     usaha pada laba rugi karena sifatnya. Biaya                      nature. Initial direct costs incurred in negotiating
     langsung awal yang terjadi dalam negosiasi dan                   and arranging an operating lease are added to
     pengaturan sewa operasi ditambahkan ke jumlah                    the carrying amount of the leased asset and
     tercatat dari aset sewaan dan diakui selama masa                 recognized over the lease term on the same basis
     sewa atas dasar yang sama dengan pendapatan                      as lease income. Contingent rent are recognized
     sewa. Sewa kontijensi diakui sebagai pendapatan                  as revenue in the period in which they are earned.
     pada periode dimana sewa kontijensi tersebut
     diperoleh.

  s. Perpajakan                                                    s. Taxation

     Pajak Final                                                      Final Tax

     Sesuai peraturan perpajakan di Indonesia, pajak                  In accordance with the tax regulation in
     final dikenakan atas nilai bruto transaksi, dan                  Indonesia, final tax is applied to the gross value
     tetap dikenakan walaupun atas transaksi tersebut                 of transactions, even when the parties carrying
     pelaku transaksi mengalami kerugian.                             the transaction recognizing losses.

     Pajak final tidak termasuk dalam lingkup yang                    Final tax is scoped out from PSAK 212: Income
     diatur oleh PSAK 212: Pajak Penghasilan.                         Tax.

     Oleh karena itu, Kelompok Usaha memutuskan                       Therefore, the Group has decided to present all
     untuk menyajikan beban pajak final sehubungan                    of the final tax arising from sales of land, land rent
     dengan penjualan tanah, pendapatan sewa tanah                    revenue and engineering and construction
     dan jasa rekayasa dan konstruksi sebagai pos                     services as separate line item.
     tersendiri.

     Pajak Penghasilan Kini                                           Current Income Tax

     Aset dan liabilitas pajak kini untuk tahun berjalan              Current income tax assets and liabilities for the
     diukur sebesar jumlah yang diharapkan dapat                      current period are measured at the amount
     direstitusi dari atau dibayarkan kepada otoritas                 expected to be recovered from or paid to the
     perpajakan.                                                      taxation authority.

     Beban pajak kini ditentukan berdasarkan laba                     Current tax expense is determined based on the
     kena pajak tahun berjalan yang dihitung                          taxable profit for the year computed using the
     berdasarkan tarif pajak yang berlaku.                            prevailing tax rates.

     Kekurangan/kelebihan      pembayaran     pajak                   Underpayment/overpayment of income tax is
     penghasilan dicatat sebagai bagian dari “Pajak                   presented as part of “Current Tax” in the
     Kini” dalam laporan laba rugi dan penghasilan                    consolidated statements of profit or loss and
     komprehensif lain konsolidasian.                                 other comprehensive income.




                                                           56
Page 526
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  s. Perpajakan (lanjutan)                                      s. Taxation (continued)

     Pajak Penghasilan Kini (lanjutan)                             Current Income Tax (continued)

     Bunga dan denda disajikan sebagai bagian dari                 Interests and penalties are presented as part of
     beban umum dan administrasi karena tidak                      general and administrative expenses since they
     dianggap sebagai bagian dari beban pajak                      are not considered as part of the income tax
     penghasilan.                                                  expense.

     Koreksi terhadap liabilitas perpajakan diakui                 Amendments to tax obligations are recorded
     pada saat surat ketetapan pajak diterima atau,                when a tax assessment letter is received or, if
     jika diajukan keberatan, pada saat keputusan                  appealed against, when the result of the appeal
     atas keberatan ditetapkan.                                    is determined.

     Pajak penghasilan kini terkait dengan pos-pos                 Current income tax relating to items recognized
     yang diakui secara langsung di ekuitas diakui                 directly in equity is recognized in equity and not
     dalam ekuitas dan bukan dalam laporan laba rugi               in the consolidated statement of profit or loss.
     konsolidasian. Manajemen secara berkala                       Management periodically evaluates the positions
     mengevaluasi posisi yang diambil dalam Surat                  taken in the Annual Tax Return (“SPT”) in
     Pemberitahuan Tahunan (“SPT”) sehubungan                      circumstances where the applicable tax
     dengan situasi di mana peraturan perpajakan                   regulations are subject to interpretation, and
     yang berlaku tunduk pada interpretasi dan                     establishes appropriate provisions.
     menetapkan ketentuan yang sesuai

     Pajak Tangguhan                                               Deferred Tax

     Aset dan liabilitas pajak tangguhan diakui                    Deferred tax assets and liabilities are recognized
     menggunakan metode liabilitas atas konsekuensi                using the liability method for the future tax
     pajak pada masa mendatang yang timbul dari                    consequences attributable to differences
     perbedaan jumlah tercatat aset dan liabilitas                 between the carrying amounts of existing assets
     menurut laporan keuangan dengan dasar                         and liabilities in the financial statements and their
     pengenaan pajak aset dan liabilitas pada setiap               respective tax bases at each reporting date.
     tanggal pelaporan.

     Liabilitas pajak tangguhan diakui untuk semua                 Deferred tax liabilities are recognized for all
     perbedaan temporer kena pajak dan aset pajak                  taxable temporary differences and deferred tax
     tangguhan diakui untuk perbedaan temporer yang                assets are recognized for deductible temporary
     boleh dikurangkan dan akumulasi rugi fiskal,                  differences and accumulated fiscal losses to the
     sepanjang besar kemungkinan perbedaan                         extent that it is probable that taxable profit will be
     temporer yang boleh dikurangkan dan akumulasi                 available in future years against which the
     rugi fiskal tersebut dapat dimanfaatkan untuk                 deductible       temporary       differences      and
     mengurangi laba kena pajak pada masa depan.                   accumulated fiscal losses can be utilized.

     Jumlah tercatat aset pajak tangguhan ditelaah                 The carrying amount of a deferred tax asset is
     ulang pada akhir setiap periode pelaporan dan                 reviewed at the end of each reporting period and
     diturunkan apabila laba fiskal mungkin tidak                  reduced to the extent that it is no longer probable
     memadai untuk mengkompensasi sebagian atau                    that sufficient taxable profit will be available to
     semua manfaat aset pajak tangguhan tersebut.                  allow the benefit of part or all of that deferred tax
     Pada akhir setiap periode pelaporan, Kelompok                 asset to be utilized. At the end of each reporting
     Usaha menilai kembali aset pajak tangguhan yang               period, the Group reassesses unrecognized
     tidak diakui. Kelompok Usaha mengakui aset pajak              deferred tax assets. The Group recognizes
     tangguhan yang sebelumnya tidak diakui apabila                previously unrecognized deferred tax assets to
     besar kemungkinan bahwa laba fiskal pada masa                 the extent that it has become probable that future
     depan akan tersedia untuk pemulihannya.                       taxable profit will allow the deferred tax assets to
                                                                   be recovered.


                                                        57
Page 527
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  s. Perpajakan (lanjutan)                                       s. Taxation (continued)

     Pajak Tangguhan (lanjutan)                                     Deferred Tax (continued)

     Pajak tangguhan dihitung dengan menggunakan                    Deferred tax is calculated at the tax rates that
     tarif pajak yang berlaku atau secara substansial               have been enacted or substantively enacted at the
     telah berlaku pada tanggal pelaporan.                          reporting date. Changes in the carrying amount of
     Perubahan nilai tercatat aset dan liabilitas pajak             deferred tax assets and liabilities due to a change
     tangguhan yang disebabkan oleh perubahan tarif                 in tax rates are charged to current period
     pajak dibebankan pada usaha periode berjalan,                  operations, except to the extent that they relate to
     kecuali     untuk     transaksi-transaksi    yang              items previously charged or credited to equity.
     sebelumnya telah langsung dibebankan atau
     dikreditkan ke ekuitas.

     Aset dan liabilitas pajak tangguhan disajikan                  Deferred tax assets and liabilities are offset in the
     secara saling hapus dalam laporan posisi                       consolidated statements of financial position,
     keuangan konsolidasian, kecuali aset dan                       except if they are for different legal entities,
     liabilitas pajak tangguhan untuk entitas yang                  consistent with the presentation of current tax
     berbeda, sesuai dengan penyajian aset dan                      assets and liabilities.
     liabilitas pajak kini.

     Pajak Pertambahan Nilai                                        Value Added Tax
     Pendapatan, beban-beban dan aset-aset diakui                   Revenue, expenses and assets are recognized net
     neto atas jumlah PPN kecuali:                                  of the amount of VAT except:
      PPN yang muncul dari pembelian aset atau                      Where the VAT incurred on a purchase of
       jasa yang tidak dapat dikreditkan, yang dalam                   assets or services is not recoverable, in which
       hal ini PPN diakui sebagai bagian dari biaya                    case the VAT is recognized as part of the cost
       perolehan aset atau sebagai bagian dari item                    of acquisition of the asset or as part of the
       beban-beban yang terkait; dan                                   expense item as applicable; and
      Piutang dan utang yang disajikan termasuk                     Receivables and payables that are stated with
       dengan jumlah PPN.                                              the amount of VAT included.

     Jumlah PPN neto yang diajukan untuk direstitusi,               The net amount of VAT which is claimed for
     atau terutang kepada, kantor pajak termasuk                    restitution from, or payable to, the taxation
     sebagai bagian dari aset atau liabilitas pada                  authorities is included as part of assets or
     laporan posisi keuangan konsolidasian.                         liabilities in the   consolidated statement of
                                                                    financial position.

  t. Pendapatan dan Beban                                        t. Revenue and Expense

     Kelompok Usaha menerapkan PSAK 115:                            The Group has adopted PSAK 115: Revenue
     Pendapatan dari Kontrak dengan Pelanggan,                      from Contracts with Customers, which requires
     yang mensyaratkan pengakuan pendapatan                         revenue recognition to fulfill 5 (five) steps of
     untuk memenuhi 5 (lima) langkah analisis                       assessment as follows:
     sebagai berikut:
     1. Identifikasi kontrak dengan pelanggan;                      1. Identify contract(s) with a customer;
     2. Identifikasi kewajiban pelaksanaan dalam                    2. Identify the performance obligations in the
        kontrak. Kewajiban pelaksanaan merupakan                       contract.    Performance       obligations  are
        janji-janji dalam kontrak untuk menyerahkan                    promises in a contract to transfer to
        barang atau jasa yang memiliki karakteristik                   a customer goods or services that are distinct;
        berbeda ke pelanggan;
     3. Menetapkan       harga     transaksi,   setelah             3. Determine the transaction price, net of
        dikurangi diskon, retur, insentif penjualan dan                discounts, returns, sales incentives and value
        pajak pertambahan nilai, yang berhak                           added tax, which an entity expects to be
        diperoleh suatu entitas sebagai kompensasi                     entitled in exchange for transferring the
        atas diserahkannya barang atau jasa yang                       promised      goods      or     services     to
        dijanjikan di kontrak;                                         a customer;

                                                          58
Page 528
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  t. Pendapatan dan Beban (lanjutan)                             t. Revenue and Expense (continued)

     Kelompok Usaha menerapkan PSAK 115:                            The Group has adopted PSAK 115: Revenue
     Pendapatan dari Kontrak dengan Pelanggan,                      from Contracts with Customers, which requires
     yang mensyaratkan pengakuan pendapatan                         revenue recognition to fulfill 5 (five) steps of
     untuk memenuhi 5 (lima) langkah analisis                       assessment as follows: (continued)
     sebagai berikut: (lanjutan)
     4. Alokasi harga transaksi ke setiap kewajiban                 4. Allocate the transaction price to each
        pelaksanaan dengan menggunakan dasar                           performance obligation on the basis of the
        harga jual berdiri sendiri relatif dari setiap                 relative stand-alone selling prices of each
        barang atau jasa berbeda yang dijanjikan di                    distinct goods or services promised in the
        kontrak. Ketika tidak dapat diamati secara                     contract. When these are not directly
        langsung, harga jual berdiri sendiri relatif                   observable, the relative standalone selling
        diperkirakan     berdasarkan    biaya    yang                  price are estimated based on expected cost
        diharapkan ditambah marjin; dan                                plus margin; and
     5. Pengakuan pendapatan ketika kewajiban                       5. Recognise revenue when performance
        pelaksanaan       telah   dipenuhi     dengan                  obligation is satisfied by transferring
        menyerahkan barang atau jasa yang                              a promised goods or services to
        dijanjikan ke pelanggan (ketika pelanggan                      a customer (which is when the customer
        telah memiliki kendali atas barang atau jasa                   obtains control of those goods or services).
        tersebut).

     Untuk pendapatan, kewajiban pelaksanaan                        For revenues, performance obligation is typically
     umumnya terpenuhi, dan pendapatan diakui,                      satisfied, and revenue is recognized, when the
     pada saat jasa telah diserahkan kepada                         services has been transferred to the customer (a
     pelanggan (pada suatu titik waktu).                            point in time).

     Pada tanggal pelaporan, pendapatan yang sudah                  At reporting date, revenues earned but not yet
     diakui namun belum ditagihkan dicatat sebagai                  billed to customer are recorded as “Contract
     “Aset Kontrak” pada laporan posisi keuangan                    Assets” in the consolidated statement of financial
     konsolidasian.                                                 position.

     Penghasilan Sewa                                               Lease Income

     Penghasilan sewa diakui dengan dasar garis lurus               Lease income is recognized on a straight-line
     selama masa sewa.                                              basis over the lease terms.

     Pengakuan Beban                                                Expenses Recognition

     Beban diakui pada saat terjadinya (asas akrual).               Expenses are recognized when they are incurred
                                                                    (accrual basis).

  u. Transaksi dan Saldo dalam Mata Uang Asing                   u. Foreign Currency Transactions and Balances

     Mata uang pelaporan yang digunakan pada                        The reporting currency used in the consolidated
     laporan keuangan konsolidasian adalah Rupiah,                  financial statements is Indonesian Rupiah, which
     yang merupakan mata uang fungsional                            is the Company’s functional currency and the
     Perusahaan dan mata uang penyajian Kelompok                    Group’s presentation currency.
     Usaha.




                                                         59
Page 529
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  u. Transaksi dan Saldo dalam Mata Uang Asing                       u. Foreign Currency Transactions and Balances
     (lanjutan)                                                         (continued)

     Transaksi dalam mata uang asing dicatat dalam                       Transactions involving foreign currencies are
     mata uang rupiah berdasarkan kurs tengah yang                       recorded in rupiah at the middle rates of
     berlaku pada saat transaksi dilakukan. Pada akhir                   exchange prevailing at the time the transactions
     periode pelaporan, aset dan liabilitas moneter                      are made. At the end of the reporting period,
     dalam mata uang asing dijabarkan ke dalam                           monetary assets and liabilities denominated in
     rupiah berdasarkan rata-rata kurs jual dan beli                     foreign currencies are adjusted to reflect the
     yang diterbitkan oleh Bank Indonesia pada                           average buying and selling rates of exchange
     tanggal terakhir transaksi perbankan pada tahun                     quoted by Bank Indonesia at the closing of the
     yang bersangkutan.                                                  last banking day of the year.

     Laba atau rugi selisih kurs yang timbul dikreditkan                 The resulting gains or losses are credited or
     atau dibebankan pada operasi periode yang                           charged to operations of the current period.
     bersangkutan.

     Kurs yang digunakan pada tanggal 31 Desember                        The exchange rates used as of December 31,
     2025 dan 2024 adalah sebagai berikut:                               2025 and 2024 were as follows:
                                        31 Desember 2025/       31 Desember 2024/
                                        December 31, 2025       December 31, 2024

        Dollar AS                                    16.782                 16.162                                   US Dollar
        Dollar Singapura                             13.069                 11.919                             Singapore Dollar


  v. Kombinasi Bisnis                                                 v. Business Combinations

     Kombinasi bisnis dicatat dengan menggunakan                         Business combinations are accounted for using
     metode akuisisi. Biaya perolehan dari suatu                         the acquisition method. The cost of an acquisition
     akuisisi diukur dari nilai agregat imbalan yang                     is measured as the aggregate of the
     dialihkan, diukur pada nilai wajar pada tanggal                     consideration     transferred,    measured       at
     akuisisi dan jumlah setiap KNP pada pihak yang                      acquisition date fair value and the amount of any
     diakuisisi.                                                         NCI in the acquiree.

     Untuk setiap kombinasi bisnis, pihak pengakuisisi                   For each business combination, the acquirer
     mengukur KNP pada entitas yang diakuisisi pada                      measures the NCI in the acquiree either at fair
     nilai wajar atau pada proporsi kepemilikan KNP                      value or at the proportionate share of the
     atas aset neto yang teridentifikasi dari entitas                    acquiree’s identifiable net assets.
     yang diakuisisi.

     Biaya-biaya akuisisi yang timbul dibebankan                         Transaction costs incurred are directly expensed
     langsung dan dicatat dalam “Beban Umum dan                          and included in “General and Administrative
     Administrasi”.                                                      Expenses”.




                                                           60
Page 530
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  v. Kombinasi Bisnis (lanjutan)                                   v. Business Combinations (continued)

     Kelompok Usaha menentukan bahwa mereka                           The Group determines that it has acquired a
     telah mengakuisisi bisnis ketika rangkaian                       business when the acquired set of activities and
     aktivitas dan aset yang diakuisisi mencakup input                assets include an input and a substantive
     dan proses substantif yang bersama-sama                          process that together significantly contribute to
     secara signifikan berkontribusi pada kemampuan                   the ability to create outputs. The acquired
     untuk menghasilkan output. Proses yang                           process is considered substantive if it is critical to
     diperoleh adalah substantif jika penting bagi                    the ability to continue producing outputs, and the
     kemampuan untuk terus menghasilkan output,                       inputs acquired include an organized workforce
     dan input yang diperoleh mencakup tenaga kerja                   with the necessary skills, knowledge, or
     yang      terorganisir  dengan      keterampilan,                experience to perform that process or it
     pengetahuan, atau pengalaman yang diperlukan                     significantly contributes to the ability to continue
     untuk melakukan proses itu atau secara signifikan                producing outputs and is considered unique or
     berkontribusi pada kemampuan untuk terus                         scarce or cannot be replaced without significant
     menghasilkan output dan dianggap unik atau                       cost, effort, or delay in the ability to continue
     langka atau tidak dapat diganti tanpa biaya,                     producing outputs.
     usaha, atau penundaan yang signifikan dalam
     kemampuan untuk terus menghasilkan output.

     Ketika Kelompok Usaha melakukan akuisisi atas                    When the Group acquires a business, it
     sebuah       bisnis,     Kelompok         Usaha                  assesses the financial assets acquired and
     mengklasifikasikan dan menentukan aset                           liabilities assumed for appropriate classification
     keuangan dan liabilitas keuangan yang diambil                    and designation in accordance with the
     alih berdasarkan pada persyaratan kontraktual,                   contractual terms, economic circumstances and
     kondisi ekonomi dan kondisi terkait lainnya yang                 pertinent conditions as at the acquisition date.
     ada pada tanggal akuisisi. Hal ini termasuk                      This includes the separation of embedded
     pemisahan atas derivatif yang melekat pada                       derivatives in host contracts by the acquiree.
     kontrak utama oleh pihak yang diakuisisi.

     Dalam suatu kombinasi bisnis yang dilakukan                      If the business combination is achieved in
     secara bertahap, pihak pengakuisisi mengukur                     stages, the acquisition date fair value of the
     kembali kepemilikan atas ekuitas yang dimiliki                   acquirer’s previously held equity interest in the
     sebelumnya pada pihak yang diakuisisi                            acquiree is remeasured to fair value at the
     berdasarkan nilai wajar pada tanggal akuisisi dan                acquisition date and any resulting gain or loss is
     mengakui keuntungan atau kerugian yang terjadi                   recognized in profit or loss.
     dalam laba rugi.

     Imbalan kontijensi yang akan dibayarkan oleh                     Any contingent consideration to be transferred
     pihak pengakuisisi diakui pada nilai wajar pada                  by the acquirer will be recognized at fair value at
     tanggal akuisisi. Perubahan nilai wajar atas                     the acquisition date. Subsequent changes to the
     imbalan kontijensi setelah tanggal akuisisi yang                 fair value of the contingent consideration which
     diklasifikasikan sebagai aset atau liabilitas, akan              is deemed to be an asset or liability will be
     diakui dalam laba rugi atau sebagai pendapatan                   recognized either in profit or loss or as other
     komprehensif lain. Jika diklasifikasikan sebagai                 comprehensive income. If the contingent
     ekuitas, imbalan kontijensinya tidak diukur                      consideration is classified as equity, it should not
     kembali sampai penyelesaian terakhir dalam                       be remeasured until it is finally settled within
     ekuitas.                                                         equity.




                                                           61
Page 531
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  v. Kombinasi Bisnis (lanjutan)                                   v. Business Combinations (continued)

     Pada tanggal akuisisi, pertama kali goodwill                     At acquisition date, goodwill is initially measured
     diukur pada harga perolehan yang merupakan                       at cost being the excess of the aggregate of the
     selisih lebih nilai agregat dari imbalan yang                    consideration transferred and the amount
     dibayarkan dan jumlah yang diakui untuk KNP                      recognized for NCI over the net identifiable
     dibandingkan      dengan jumlah dari           aset              assets acquired and liabilities assumed. If this
     teridentifikasi dan liabilitas yang diperoleh. Jika              consideration is lower than the fair value of the
     imbalan tersebut kurang dari nilai wajar aset neto               net assets of the Subsidiary acquired, the
     Entitas Anak yang diakuisisi, selisih tersebut                   difference is recognized in profit or loss.
     diakui dalam laba rugi.

     Setelah pengakuan awal, goodwill diukur pada                     After initial recognition, goodwill is measured at
     jumlah tercatat dikurangi akumulasi kerugian                     cost less any accumulated impairment losses.
     penurunan nilai, jika ada. Untuk tujuan uji                      For the purpose of impairment testing, goodwill
     penurunan nilai, goodwill yang diperoleh dari                    acquired in a business combination is allocated
     suatu kombinasi bisnis dialokasikan sejak tanggal                from the acquisition date to each of the Group’s
     akuisisi kepada setiap Unit Penghasil Kas (“UPK”)                Cash-Generating Units (“CGU”) that are
     dari Kelompok Usaha yang diharapkan akan                         expected to benefit from the combination,
     memperoleh manfaat dari kombinasi tersebut,                      irrespective of whether other assets or liabilities
     terlepas dari apakah aset atau liabilitas lain dari              of the acquirer are assigned to those CGUs.
     pihak yang mengakuisisi dialokasikan kepada
     UPK tersebut.

     Jika goodwill telah dialokasikan pada suatu UPK                  Where goodwill forms part of a CGU and part of
     dan operasi tertentu dalam UPK tersebut dilepas,                 the operation within that CGU is disposed of, the
     maka goodwill yang terasosiasi dengan operasi                    goodwill associated with the operation disposed
     yang dilepas tersebut dimasukkan dalam jumlah                    of is included in the carrying amount of the
     tercatat operasi tersebut ketika menentukan                      operation when determining the gain or loss on
     keuntungan atau kerugian dari pelepasan                          disposal of the operation. Goodwill disposed of in
     operasi. Goodwill yang dilepaskan tersebut diukur                this circumstance is measured based on the
     berdasarkan nilai relatif operasi yang dilepas dan               relative values of the operation disposed of and
     porsi UPK yang ditahan.                                          the portion of the CGU retained.

  w. Pelaporan Segmen                                              w. Segment Reporting

     Segmen operasi adalah suatu komponen dari                        An operating segment is a component of an entity:
     entitas: (1) yang terlibat dalam aktivitas bisnis                (1) that engages in business activities from which
     yang mana memperoleh pendapatan dan                              it may earn revenues and incur expenses; (2)
     menimbulkan beban; (2) hasil operasinya dikaji                   whose operating results are regularly reviewed by
     ulang secara reguler oleh pengambil keputusan                    the entity's operating decision maker to make
     operasional untuk membuat keputusan tentang                      decisions about resources to be allocated to the
     sumber daya yang dialokasikan pada segmen                        segment and value its performance; and (3) for
     tersebut dan menilai kinerjanya; dan (3) tersedia                which discrete financial information is available.
     informasi keuangan yang dapat dipisahkan.

     Kelompok Usaha mengidentifikasikan segmen                        The Group identifies its operating segments on
     operasi berdasarkan pelaporan internal yang                      the basis of internal reports that are regularly
     direviu secara regular oleh pengambil keputusan                  reviewed by the Group's chief operating decision-
     operasional dalam mengalokasikan sumber daya                     maker in order to allocate resources to the
     dan menilai kinerja segmen operasi Kelompok                      segment and assess its performance.
     Usaha.




                                                           62
Page 532
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  w. Pelaporan Segmen (lanjutan)                                 w. Segment Reporting (continued)

     Pengungkapan tambahan pada masing-masing                       Additional disclosures on each of these
     segmen terdapat dalam Catatan 42, termasuk                     segments are shown in Note 42, including the
     faktor yang digunakan untuk mengidentifikasi                   factors used to identify the reported segments
     segmen yang dilaporkan dan dasar pengukuran                    and the measurement basis of segment
     informasi segmen.                                              information.

     Segmen ditentukan sebelum saldo dan transaksi                  Segments are determined before intra-group
     antar Perusahaan dan Entitas Anak dieliminasi                  balances and intra-group transactions are
     sebagai bagian dari proses konsolidasi.                        eliminated as part of consolidation process.

  x. Pengukuran Nilai Wajar                                      x. Fair Value Measurement

     Kelompok Usaha telah menerapkan PSAK 113:                      The Group has adopted PSAK 113: “Fair Value
     Pengukuran Nilai Wajar. PSAK ini, antara lain,                 Measurement”. This PSAK, among others,
     memberikan panduan tentang bagaimana                           provides guidance on how to measure fair value
     pengukuran nilai wajar ketika nilai wajar                      when fair value is required or permitted, the
     disyaratkan atau diizinkan. Penerapan PSAK ini                 adoption of this PSAK has no significant impact
     tidak berpengaruh signifikan terhadap laporan                  on the consolidated financial statements. The
     keuangan konsolidasian. Kelompok Usaha                         Group measures financial instruments at fair
     mengukur instrumen keuangan pada nilai wajar                   value at each reporting date. Fair value
     setiap tanggal pelaporan. Pengungkapan nilai                   disclosure for financial instruments are disclosed
     wajar instrumen keuangan disajikan dalam                       in Note 40.
     Catatan 40.

     Nilai wajar adalah harga yang akan diterima untuk              Fair value is the price that would be received to
     menjual suatu aset atau harga yang akan dibayar                sell an asset or paid to transfer a liability in an
     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
     berdasarkan asumsi bahwa transaksi untuk                       the transaction to sell the assets or transfer the
     menjual aset atau mengalihkan liabilitas terjadi:              liabilities takes place either:
      Pasar utama untuk aset dan liabilitas tersebut,                In the principal market for the assets or
         atau                                                            liabilities, or
      Jika tidak terdapat pasar utama, di pasar yang                 In the absence of a principal market, in the
         paling menguntungkan untuk aset atau                            most advantageous market for the assets or
         liabilitas tersebut.                                            liabilities.

     Pasar utama atau pasar yang paling                             The principal or the most advantageous market
     menguntungkan tersebut harus dapat diakses                     must be accessible by the Group.
     oleh Kelompok Usaha.

     Nilai wajar dari aset atau liabilitas diukur                   The fair value of an asset or a liability is
     menggunakan asumsi yang akan digunakan oleh                    measured using the assumptions that market
     pelaku pasar pada saat melakukan penilaian aset                participants would use when pricing the asset or
     atau liabilitas, dengan asumsi bahwa pelaku                    liabilities, assuming that market participants act
     pasar akan bertindak atas kepentingan ekonomi                  in their economic best interest.
     terbaik mereka.

     Kelompok Usaha menggunakan teknik penilaian                    The Group uses valuation techniques that are
     yang sesuai dengan keadaan dan data yang                       appropriate in the circumstances and for which
     memadai tersedia untuk mengukur nilai wajar,                   sufficient data are available to measure fair value,
     dengan memaksimalkan masukan (input) yang                      maximizing the use of relevant observable inputs
     dapat diamati (observable) yang relevan dan                    and minimizing the use of unobservable inputs.
     meminimalkan masukan (input) yang tidak dapat
     diamati (unobservable).

                                                         63
Page 533
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  x. Pengukuran Nilai Wajar (lanjutan)                           x. Fair Value Measurement (continued)

     Semua aset dan liabilitas yang diukur dengan                    All assets and liabilities for which fair value is
     nilai wajar atau diungkapkan dalam laporan                      measured or disclosed in the consolidated
     keuangan konsolidasian dikategorikan dalam                      financial statements are categorized within the
     hierarki nilai wajar berdasarkan tingkat masukan                fair value hierarchy, described as follows, based
     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:
       Tingkat 1 - Harga kuotasian (tidak                            Level 1 - Quoted (unadjusted) market prices
          disesuaikan) di pasar aktif untuk aset atau                     in active markets for identical assets or
          liabilitas yang identik;                                        liabilities;
       Tingkat 2 - Teknik-teknik lain atas semua                     Level 2 - Valuation techniques for which the
          input yang memiliki efek signifikan terhadap                    lowest level input that is significant to the fair
          nilai wajar yang tercatat dapat diobservasi,                    value measurement is directly or indirectly
          baik secara langsung maupun tidak                               observable;
          langsung;
       Tingkat 3 - Teknik yang menggunakan input                       Level 3 - Valuation techniques for which the
          yang memiliki pengaruh signifikan terhadap                     lowest level input that is significant to the fair
          nilai wajar yang tercatat, yang tidak                          value measurement is unobservable.
          berdasarkan pada data pasar yang dapat
          diobservasi.

     Untuk aset dan liabilitas yang diakui dalam                     For assets and liabilities that are recognized in
     laporan keuangan konsolidasian dalam basis                      the consolidated financial statements on a
     yang berulang, Kelompok Usaha menentukan                        recurring basis, the Group determines whether
     apakah transfer telah terjadi antara tingkat dalam              transfers have occurred between levels in the
     hierarki dengan menilai ulang kategori                          hierarchy by re-assessing categorization (based
     (berdasarkan tingkat masukan paling rendah                      on the lowest level input that is significant to the
     yang signifikan terhadap pengukuran nilai wajar                 fair value measurement as a whole) at the end of
     secara keseluruhan) pada setiap akhir periode                   each reporting period.
     pelaporan.

  y. Laba per Saham                                              y. Earnings per Share

     Laba per saham dasar dihitung dengan membagi                    Basic earnings per share is calculated by dividing
     total laba periode berjalan yang dapat                          the total profit for the period attributable to owners
     diatribusikan kepada pemilik entitas induk dengan               of the parent by the weighted average number of
     jumlah rata-rata tertimbang saham biasa Seri B                  ordinary shares B Series outstanding during the
     yang beredar pada periode yang bersangkutan.                    period.

     Laba per saham dilusian dihitung dengan                         Diluted earning per share is calculated by dividing
     membagi total laba tahun berjalan yang dapat                    profit for the year attributable to owners of the
     diatribusikan kepada pemilik entitas induk dengan               parent by the weighted average number of
     jumlah rata-rata tertimbang saham biasa yang                    ordinary shares outstanding during the reporting
     beredar pada periode pelaporan, yang                            period, adjusted to assume conversion of all
     disesuaikan untuk mengasumsikan konversi efek                   potential dilutive ordinary shares.
     berpotensi saham biasa yang sifatnya dilutif.




                                                          64
Page 534
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  z. Provisi                                                      z. Provisions

     Provisi diakui bila Kelompok Usaha memiliki                      A provision is recognized when Group has
     kewajiban kini (baik bersifat hukum maupun                       a present obligation (legal or constructive) as
     konstruktif) sebagai akibat peristiwa masa lalu                  a result of past event and it is probable that an
     dan kemungkinan besar penyelesaian kewajiban                     outflow of resources embodying economic
     tersebut mengakibatkan arus keluar sumber daya                   benefits will be required to settle the obligation
     yang mengandung manfaat ekonomi dan                              and a reliable estimate can be made of the
     estimasi andal mengenai jumlah tersebut dapat                    amount of the obligation.
     dibuat.

     Jumlah yang diakui sebagai provisi merupakan                     The amount recognized as a provision shall be
     estimasi terbaik pengeluaran yang diperlukan                     the best estimate of the expenditure required to
     untuk menyelesaikan kewajiban kini pada akhir                    settle the present obligation at the end of the
     periode pelaporan, dengan mempertimbangkan                       reporting period, by taking into account the risks
     berbagai risiko dan ketidakpastian yang selalu                   and uncertainties that inevitably surround many
     mempengaruhi berbagai peristiwa dan keadaan.                     events and circumstances. Where a provision is
     Apabila suatu provisi diukur menggunakan arus                    measured using the estimated cash flows to settle
     kas yang diperkirakan untuk menyelesaikan                        the present obligation, its carrying amount is the
     kewajiban kini, maka nilai tercatatnya adalah nilai              present value of those cash flows.
     kini dari arus kas.

     Jika sebagian atau seluruh pengeluaran untuk                     If some or all of the expenditure to settle
     menyelesaikan provisi diganti oleh pihak ketiga,                 a provision is expected to be reimbursed by
     maka penggantian itu diakui hanya pada saat                      another party, the reimbursement shall be
     timbul keyakinan bahwa penggantian pasti akan                    recognized when, it is virtually certain that
     diterima jika Kelompok Usaha menyelesaikan                       reimbursement will be received when the Group
     kewajiban. Penggantian tersebut diakui sebagai                   settles the obligation. The reimbursement shall
     aset yang terpisah. Jumlah yang diakui sebagai                   be treated as a separate asset. The amount
     penggantian tidak boleh melebihi provisi.                        recognized for the reimbursement shall not
                                                                      exceed the amount of the provisions.

     Provisi ditelaah pada setiap tanggal pelaporan                   Provisions are reviewed at each reporting date
     dan disesuaikan untuk mencerminkan estimasi                      and adjusted to reflect the most current best
     terbaik yang paling kini. Jika arus keluar sumber                estimate. If it is no longer probable that an outflow
     daya      untuk    menyelesaikan        kewajiban                of resources will be required to settle the
     kemungkinan besar tidak terjadi, maka provisi                    obligation, the provision is reversed.
     dibatalkan.

  aa. Penurunan Nilai Aset Nonkeuangan                            aa.Impairment of Non-Financial Assets

     Pada setiap akhir periode pelaporan, Kelompok                    The Group assesses at the end of each reporting
     Usaha menilai apakah terdapat indikasi suatu                     period whether there is an indication that an asset
     aset mengalami penurunan nilai. Jika terdapat                    may be impaired. If such indication exists,
     indikasi tersebut, maka jumlah terpulihkan                       recoverable amount is estimated for the individual
     diestimasi untuk aset individual. Jika tidak                     asset. If it is not possible to estimate the
     mungkin untuk mengestimasi jumlah terpulihkan                    recoverable amount of the individual asset, the
     aset individual, maka Kelompok Usaha                             Group determines the recoverable amount of the
     menentukan nilai terpulihkan dari UPK yang                       CGU to which the asset belongs (the asset’s
     mana aset tercakup (aset dari UPK).                              CGU).




                                                           65
Page 535
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2. SUMMARY     OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

  aa. Penurunan Nilai Aset Nonkeuangan (lanjutan)                  aa. Impairment         of     Non-Financial         Assets
                                                                       (continued)

     Jumlah terpulihkan dari suatu aset (baik aset                     An asset’s (either individual asset or CGU)
     individual maupun UPK) adalah jumlah yang lebih                   recoverable amount is the higher of the asset’s fair
     tinggi antara nilai wajarnya dikurangi biaya untuk                value less costs to sell and its value in use. Where
     menjual dengan nilai pakainya. Jika nilai tercatat                the carrying amount of the asset exceeds its
     aset lebih besar daripada nilai terpulihkannya,                   recoverable amount, the asset is considered
     maka aset tersebut dianggap mengalami                             impaired and is written down to its recoverable
     penurunan nilai dan nilai tercatat aset diturunkan                amount. Impairment loss are recognized in
     menjadi sebesar nilai terpulihkannya. Rugi                        consolidated statement of profit or loss and other
     penurunan nilai diakui pada laporan laba rugi dan                 comprehensive income as “Impairment Loss”.
     penghasilan komprehensif lain konsolidasian
     sebagai “Rugi Penurunan Nilai”.

     Dalam menghitung nilai pakai, estimasi arus kas                   In assessing the value in use, the estimated net
     masa depan neto didiskontokan ke nilai kini                       future cash flows are discounted to their present
     dengan menggunakan tingkat diskonto sebelum                       value using a pre-tax discount rate that reflects
     pajak yang menggambarkan penilaian pasar kini                     current market assessments of the time value of
     dari nilai waktu uang dan risiko spesifik atas aset.              money and the risks specific to the asset. In
     Dalam menentukan nilai wajar dikurangi biaya                      determining fair value less costs to sell, recent
     untuk menjual, digunakan harga penawaran                          market transactions are taken into account, if
     pasar terakhir, jika tersedia. Jika tidak terdapat                available. If no such transactions can be
     transaksi      tersebut,     Kelompok        Usaha                identified, an appropriate valuation model is used
     menggunakan model penilaian yang sesuai untuk                     to determine the fair value of the assets. These
     menentukan nilai wajar aset. Perhitungan-                         calculations are corroborated by valuation
     perhitungan ini dikuatkan oleh penilaian berganda                 multiples or other available fair value indicators.
     atau indikator nilai wajar yang tersedia.

     Kerugian penurunan nilai, jika ada, diakui pada                    Impairment loss, if any, are recognized in
     laporan laba rugi dan penghasilan komprehensif                     consolidated statement of profit or loss and other
     lain konsolidasian sesuai dengan kategori biaya                    comprehensive      income     under       expense
     yang konsisten dengan fungsi dari aset yang                        categories that are consistent with the functions
     diturunkan nilainya.                                               of the impaired assets.

     Penilaian dilakukan pada setiap akhir periode                     An assessment is made at the end of each
     pelaporan apakah terdapat indikasi bahwa rugi                     reporting period as to whether there is any
     penurunan nilai yang telah diakui dalam periode                   indication that previously recognized impairment
     sebelumnya untuk suatu aset mungkin tidak ada                     losses for an asset may no longer exist or may
     lagi atau mungkin telah menurun. Jika indikasi                    have decreased. If such indication exists, the
     tersebut ada, maka entitas mengestimasi jumlah                    asset’s or CGU’s recoverable amount is
     terpulihkan aset atau UPK tersebut.                               estimated.

     Kerugian penurunan nilai yang telah diakui dalam                  A previously recognized impairment loss for an
     periode sebelumnya untuk suatu aset dibalik                       asset is reversed only if there has been a change
     hanya jika terdapat perubahan asumsi-asumsi                       in the assumptions used to determine the asset’s
     yang digunakan untuk menentukan jumlah                            recoverable amount since the last impairment
     terpulihkan aset tersebut sejak rugi penurunan                    loss was recognized.
     nilai terakhir diakui.




                                                            66
Page 536
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  aa. Penurunan Nilai Aset Nonkeuangan (lanjutan)              aa. Impairment        of     Non-Financial        Assets
                                                                   (continued)

     Dalam hal ini, jumlah tercatat aset dinaikkan ke              If that is the case, the carrying amount of the
     jumlah terpulihkannya. Pembalikan tersebut                    asset is increased to its recoverable amount. The
     dibatasi sehingga jumlah tercatat aset tidak                  reversal is limited so that the carrying amount of
     melebihi jumlah terpulihkannya maupun jumlah                  the asset does not exceed its recoverable
     tercatat, bersih setelah penyusutan, seandainya               amount, nor exceeds the carrying amount that
     tidak ada rugi yang telah diakui untuk aset                   would have been determined, net of
     tersebut pada periode sebelumnya. Pembalikan                  depreciation, had no impairment loss been
     rugi penurunan nilai diakui dalam laporan laba                recognized for the asset in prior periods.
     rugi dan penghasilan komprehensif lain                        Reversal of an impairment loss is recognized in
     konsolidasian. Setelah pembalikan tersebut                    consolidated statement of profit or loss and other
     diakui sebagai laba rugi, penyusutan aset                     comprehensive income. After such a reversal is
     tersebut disesuaikan di periode mendatang untuk               recognized in profit or loss, the depreciation
     mengalokasikan jumlah tercatat aset yang                      charge on the said asset is adjusted in future
     direvisi, dikurangi nilai sisanya, dengan dasar               periods to allocate the asset’s revised carrying
     yang sistematis selama sisa umur manfaatnya.                  amount, less any residual value, on a systematic
                                                                   basis over its remaining useful life.

  ab. Kombinasi Bisnis Entitas Sepengendali                    ab. Business Combination of Entities under
                                                                   Common Control

     Kombinasi bisnis entitas sepengendali dicatat                 Business combinations under common control
     dengan menggunakan metode penyatuan                           are accounted for using the pooling-of-interests
     kepentingan, dimana selisih antara jumlah                     method, whereby the difference between the
     imbalan yang dialihkan dengan jumlah tercatat                 considerations transferred and the book value of
     aset neto entitas yang diakuisisi diakui sebagai              the net assets of the acquiree is recognized as
     bagian dari akun "Tambahan Modal Disetor" pada                part of "Additional Paid-in Capital" account in the
     laporan posisi keuangan konsolidasian.                        consolidated statement of financial position.

     Dalam     menerapkan     metode     penyatuan                 In applying the said pooling-of-interest method,
     kepentingan tersebut, unsur-unsur laporan                     the components of the financial statements of the
     keuangan dari entitas yang bergabung disajikan                combining entities are presented as if the
     seolah-olah penggabungan tersebut telah terjadi               combination has occurred since the beginning of
     sejak awal periode entitas yang bergabung                     the period of the combining entity become under
     berada dalam kesepengendalian.                                common control.

     Selisih antara jumlah tercatat dengan jumlah                  The difference between the carrying value and
     imbalan yang dialihkan dalam kombinasi bisnis                 the value of considerations transferred in
     entitas sepengendali atau jumlah imbalan yang                 a business combination of entities under
     diterima dalam pelepasan bisnis entitas                       common control or considerations received in a
     sepengendali, jika ada, dicatat sebagai bagian                disposal of business of entities under common
     dari akun "Tambahan Modal Disetor" pada                       control, if any, is recognized as part of "Additional
     laporan posisi keuangan konsolidasian.                        Paid-in Capital" in the consolidated statement of
                                                                   financial position.




                                                        67
Page 537
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  ac. Sukuk                                                      ac. Sukuk

     Sukuk adalah efek syariah berupa sertifikat atau                Sukuk are the sharia securities represented by a
     bukti kepemilikan yang bernilai sama dan                        certificate or evidence of ownership of equal
     mewakili bagian yang tidak tertentu (tidak                      denomination and representing individual
     terpisahkan atau tidak terbagi) atas:                           ownership interest in (not separated or divided):
       Aset berwujud tertentu;                                        Particular intangible assets;
       Manfaat atas aset berwujud tertentu baik yang                  Existing or future benefits of particular
        sudah ada maupun yang akan ada;                                   intangible assets;
       Jasa yang sudah ada maupun yang akan ada;                      Existing or future services;
       Aset proyek tertentu; atau                                     Particular project assets; or
       Kegiatan investasi yang telah ditentukan.                      Determined investment activity.

     Kelompok Usaha menerapkan PSAK 410:                             The Group applies PSAK 410: Sukuk Accounting
     Akuntansi Sukuk untuk entitas yang melakukan                    to entities that engage in sukuk ijarah and sukuk
     transaksi sukuk ijarah dan sukuk mudharabah,                    mudharabah transactions, whether as sukuk
     baik sebagai penerbit sukuk maupun investor                     issuers or sukuk investors.
     sukuk.

     Sukuk ijarah adalah sukuk yang menggunakan                      Ijarah sukuk are sukuk issued based on an ijarah
     akad ijarah. Sukuk mudharabah adalah sukuk                      contract. Mudharabah sukuk are sukuk issued
     yang menggunakan akad mudharabah.                               based on a mudharabah contract.

     Kelompok Usaha sebagai Penerbit                                 Group as Issuer

     Sukuk Ijarah                                                    Sukuk Ijarah

     Pengakuan awal sukuk ijarah dilakukan pada saat                 Initial recognition is done at the time of sukuk
     sukuk ijarah diterbitkan. Sukuk ijarah diakui pada              ijarah issued. Sukuk Ijarah is recognized when
     saat Kelompok Usaha menjadi pihak terikat                       the Group becomes a party bound by the
     dengan ketentuan penerbitan sukuk ijarah.                       provisions of sukuk ijarah issuance.

     Sukuk ijarah diakui sebesar nilai nominal,                      Sukuk Ijarah is recognized at its nominal amount,
     disesuaikan dengan premium atau diskonto, dan                   adjusted with any premium or discount, and the
     biaya transaksi terkait dengan penerbitannya.                   transaction costs related with the issuance.

     Setelah pengakuan awal, jika jumlah tercatat                    After initial recognition, if the carrying amount is
     berbeda dengan nilai nominal yang disebabkan                    different from the nominal value due to the
     karena penyesuaian yang tersebut diatas, maka                   adjustments mentioned above, the difference is
     perbedaan tersebut diamortisasi secara garis                    amortized using a straight line method over the
     lurus selama jangka waktu sukuk ijarah.                         period of sukuk ijarah. Amortization is not
     Amortisasi tersebut tidak diakui sebagai beban                  recognized as an ijarah’s expense, but is
     ijarah, tetapi diakui sebagai beban penerbitan                  recognized as an issuance expense of sukuk
     sukuk ijarah.                                                   ijarah.




                                                          68
Page 538
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  ac. Sukuk (lanjutan)                                            ac. Sukuk (continued)

     Kelompok Usaha sebagai Penerbit (lanjutan)                       Group as Issuer (continued)

     Sukuk Ijarah (lanjutan)                                          Sukuk Ijarah (continued)

     Beban Ijarah diakui pada saat terutang.                          Ijarah expense recognized when due.

     Sukuk ijarah disajikan sebagai liabilitas secara                 Sukuk Ijarah is presented as a liability at a net of
     neto setelah premium atau diskonto dan biaya                     premium or discount and unamortized
     transaksi yang belum diamortisasi. Kelompok                      transaction costs. Group presents Sukuk Ijarah
     Usaha menyajikan sukuk ijarah menjadi liabilitas                 as long-term liabilities and short-term liabilities.
     jangka panjang dan liabilitas jangka pendek.

  ad.Instrumen Keuangan                                           ad. Financial Instruments

     Instrumen keuangan adalah setiap kontrak yang                    A financial instrument is any contract that gives
     menambah nilai aset keuangan bagi satu entitas                   rise to a financial asset of one entity and
     dan liabilitas keuangan atau ekuitas bagi entitas                a financial liability or equity instrument of another
     lain.                                                            entity.

     ad.1. Aset Keuangan                                              ad.1. Financial Assets

            Pengakuan dan Pengukuran Awal                                     Initial Recognition and Measurement

            Pada pengakuan awal, Kelompok Usaha                               At initial recognition, the Group
            mengukur aset keuangan pada nilai                                 measures a financial asset at its fair
            wajarnya ditambah biaya transaksi, dalam                          value plus transaction costs, in the case
            hal aset keuangan tidak diukur pada nilai                         of a financial asset not at fair value
            wajar melalui laba rugi (“NWLR”). Piutang                         through profit or loss (“FVTPL”). Trade
            usaha yang tidak mengandung komponen                              receivables that do not contain a
            pembiayaan yang signifikan, dimana                                significant financing component, for
            Kelompok Usaha telah menerapkan cara                              which the Group has applied the practical
            praktis, yaitu diukur pada harga transaksi                        expedient are measured at the
            yang ditentukan sesuai PSAK 115:                                  transaction price determined under
            Pendapatan       dari   kontrak    dengan                         PSAK 115: Revenue from contracts with
            pelanggan, seperti diungkapkan pada                               customers, as disclosed in Note 2t.
            Catatan 2t.

            Agar aset keuangan diklasifikasikan dan                           In order for a financial asset to be
            diukur pada biaya perolehan diamortisasi                          classified and measured at amortized
            atau nilai wajar melalui penghasilan                              cost or fair value through other
            komprehensif lain (“NWPKL”), aset                                 comprehensive income (“FVOCI”), it
            keuangan harus menghasilkan arus kas                              needs to give rise to cash flows that are
            yang semata dari pembayaran pokok dan                             ‘solely payments of principal and interest
            bunga (“SPPB”) dari jumlah pokok                                  (“SPPI”)’ on the principal amount
            terutang. Penilaian ini disebut sebagai uji                       outstanding. This assessment is referred
            SPPB dan dilakukan pada tingkat                                   to as the SPPI test and is performed at
            instrumen.                                                        an instrument level.




                                                          69
Page 539
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                               ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                  ad.1. Financial Assets (continued)

              Pengakuan     dan   Pengukuran      Awal                         Initial Recognition and Measurement
              (lanjutan)                                                       (continued)

              Model bisnis Kelompok Usaha untuk                                The Group’s business model for
              mengelola aset keuangan mengacu pada                             managing financial assets refers to how
              bagaimana mereka mengelola aset                                  it manages its financial assets in order to
              keuangannya untuk menghasilkan arus                              generate cash flows. The business
              kas. Model bisnis menentukan apakah                              model determines whether cash flows
              arus kas akan dihasilkan dari penerimaan                         will result from collecting contractual
              arus kas kontraktual, penjualan aset                             cash flows, selling the financial assets, or
              keuangan, atau keduanya                                          both.

              Pengukuran Selanjutnya                                           Subsequent Measurement

             Untuk tujuan pengukuran selanjutnya,                              For      purposes       of     subsequent
             aset keuangan diklasifikasikan dalam                              measurement, financial assets are
             empat kategori:                                                   classified in four categories:
                Aset keuangan pada biaya perolehan                               Financial assets at amortized cost
                 diamortisasi (instrumen utang),                                   (debt instruments),
                Aset keuangan pada NWPKL dengan
                 pendauran laba dan rugi kumulatif                                 Financial assets at FVOCI with
                 (instrumen utang),                                                 recycling of cumulative gains and
                Aset keuangan pada NWPKL tanpa                                     losses (debt instruments),
                 pendauran laba dan rugi kumulatif                                 Financial assets designated at
                 setelah penghentian pengakuan                                      FVOCI with no recycling of
                 (instrumen ekuitas), dan                                           cumulative gains and losses upon
                Nilai wajar melalui laba rugi (NWLR).                              derecognition (equity instruments),
                                                                                    and
                                                                                   Fair value through profit or loss
                                                                                    (FVTPL).

              Pengukuran selanjutnya dari aset                                 The subsequent measurement of
              keuangan tergantung kepada klasifikasi                           financial assets depends on their
              masing-masing aset keuangan seperti                              classification as described below:
              berikut ini:

              Aset keuangan pada biaya perolehan                               Financial assets at amortized cost (debt
              diamortisasi (instrumen utang)                                   instruments)

              Kelompok      Usaha    mengukur       aset                       The Group measures financial assets at
              keuangan      pada    biaya     perolehan                        amortized cost if both of the following
              diamortisasi jika kedua kondisi berikut                          conditions are met:
              terpenuhi:
                 Aset keuangan dimiliki dalam model                               The financial asset is held within
                  bisnis dengan tujuan untuk memiliki                               a business model with the objective
                  aset    keuangan     dalam     rangka                             to hold financial assets in order to
                  mendapatkan arus kas kontraktual,                                 collect contractual cash flows, and
                  dan                                                              The contractual terms of the financial
                 Persyaratan kontraktual dari aset                                 asset give rise on specified dates to
                  keuangan menghasilkan arus kas                                    cash flows that are SPPI on the
                  pada      tanggal    tertentu    yang                             principal amount outstanding.
                  merupakan SPPB dari jumlah pokok
                  terutang.

                                                           70
Page 540
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                   ad.1. Financial Assets (continued)

              Pengukuran Selanjutnya (lanjutan)                                 Subsequent Measurement (continued)

              Pengukuran selanjutnya dari aset                                  The subsequent measurement of
              keuangan tergantung kepada klasifikasi                            financial assets depends on their
              masing-masing aset keuangan seperti                               classification as described below:
              berikut ini: (lanjutan)                                           (continued)

              Aset keuangan pada biaya perolehan                                Financial assets at amortized cost (debt
              diamortisasi (instrumen utang) (lanjutan)                         instruments) (continued)

              Aset keuangan yang diukur pada biaya                              Financial assets at amortized cost are
              perolehan diamortisasi selanjutnya diukur                         subsequently measured using the
              dengan menggunakan metode suku                                    effective interest (“EIR”) method and
              bunga efektif (“SBE”) dan menjadi subjek                          are subject to impairment. Gains and
              penurunan nilai.       Keuntungan      dan                        losses are recognized in profit or loss
              kerugian diakui dalam laba rugi pada saat                         when the asset is derecognized,
              aset      dihentikan      pengakuannya,                           modified or impaired.
              dimodifikasi atau diturunkan nilainya.

              Aset keuangan Kelompok Usaha yang                                 The Group’s financial assets at
              diukur pada biaya perolehan diamortisasi                          amortized     cost    includes    trade
              termasuk piutang usaha, piutang lain-lain,                        receivables, other receivables, contract
              aset kontrak, dan investasi jangka                                assets and short-term investments.
              pendek.

              Aset keuangan pada NWPKL dengan                                   Financial assets at FVOCI with
              pendauran laba dan rugi kumulatif                                 recycling of cumulative gains and
              (instrumen utang)                                                 losses (debt instruments)

              Untuk instrumen utang yang diukur pada                            For debt instruments at FVOCI, interest
              NWPKL, pendapatan bunga, revaluasi                                income, foreign exchange revaluation
              mata uang asing dan kerugian penurunan                            and impairment losses or reversals are
              nilai atau pembalikan diakui dalam                                recognized     in     the    consolidated
              laporan laba rugi konsolidasian dan                               statement of profit or loss and computed
              dihitung dengan cara yang sama seperti                            in the same manner as for financial
              untuk aset keuangan yang diukur pada                              assets measured at amortized cost. The
              biaya perolehan diamortisasi. Perubahan                           remaining fair value changes are
              nilai wajar yang tersisa diakui di PKL.                           recognized in OCI. Upon derecognition,
              Pada saat penghentian pengakuan,                                  the cumulative fair value change
              perubahan nilai wajar kumulatif yang                              recognized in OCI is recycled to profit or
              diakui di PKL direklasifikasi ke laba rugi.                       loss.

              Instrumen utang Kelompok Usaha yang                               The      Group’s    debt    instruments
              diukur pada NWPKL termasuk investasi                              measured       at     FVOCI       include
              pada instrumen utang dengan kuotasi                               investments in quoted debt instruments
              yang diklasifikasikan sebagai aset                                classified as other non-current financial
              keuangan tidak lancar lainnya.                                    assets.




                                                            71
Page 541
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                   ad.1. Financial Assets (continued)
              Pengukuran Selanjutnya (lanjutan)                                 Subsequent Measurement (continued)
              Pengukuran selanjutnya dari aset                                  The subsequent measurement of
              keuangan tergantung kepada klasifikasi                            financial assets depends on their
              masing-masing aset keuangan seperti                               classification as described below:
              berikut ini: (lanjutan)                                           (continued)
              Aset keuangan pada NWPKL tanpa                                    Financial assets designated at FVOCI
              pendauran laba dan rugi kumulatif setelah                         with no recycling of cumulative gains
              penghentian    pengakuan     (instrumen                           and losses upon derecognition (equity
              ekuitas)                                                          instruments)
              Pada pengakuan awal, Kelompok Usaha                               Upon initial recognition, the Group can
              dapat memilih untuk menetapkan                                    elect to classify irrevocably its
              klasifikasi yang tidak dapat dikembalikan                         investments in equity instruments at
              atas investasi pada instrumen ekuitas                             FVOCI when they meet the definition of
              sebagai NWPKL jika memenuhi definisi                              equity under PSAK 232: Financial
              ekuitas sesuai PSAK 232: Instrumen                                instruments: Presentation and are not
              keuangan: Penyajian dan tidak dimiliki                            held for trading. The classification is
              untuk      diperdagangkan.      Klasifikasi                       determined on an instrument-by-
              ditentukan atas basis instrumen per                               instrument basis.
              instrumen.
              Keuntungan dan kerugian atas aset                                 Gains and losses on these financial
              keuangan ini tidak pernah didaur ke laba                          assets are never recycled to profit or
              rugi, dan aset keuangan ini tidak menjadi                         loss, and these financial assets are not
              subjek penurunan nilai. Dividen diakui                            subject to impairment assessment.
              sebagai penghasilan lain-lain dalam laba                          Dividends are recognized as other
              rugi pada saat hak atas pembayaran telah                          income in the profit or loss when the
              ditetapkan.                                                       right of payment has been established.
              Kelompok       Usaha     memilih     untuk                        The Group has elected to irrevocably
              mengklasifikasikan secara tidak dapat                             classify its unlisted equity investments
              dibatalkan investasi ekuitas yang tidak                           within this category.
              terdaftar di bursa ke dalam kategori ini.
              Aset Keuangan pada nilai wajar melalui                            Financial assets at fair value through
              laba rugi (“NWLR”)                                                profit or loss (“FVTPL”)

              Aset keuangan pada NWLR tercatat dalam                             Financial assets at FVTPL are carried in
              laporan posisi keuangan konsolidasian                              the consolidated statement of financial
              pada nilai wajar dengan perubahan neto                             position at fair value with net changes in
              nilai wajar yang diakui dalam laporan laba                         fair value recognized in the statement of
              rugi.                                                              profit or loss.
              Kategori ini mencakup instrumen derivatif                          This category includes derivative
              dan       investasi     ekuitas    yang                            instruments and equity investments
              diperdagangkan di bursa efek, yang oleh                            traded on the stock exchange, which the
              Kelompok Usaha diklasifikasikan secara                             Group has irrevocably classified as
              tidak dapat dibatalkan pada NWPKL.                                 FVOCI. Dividends from listed equity
              Dividen atas investasi ekuitas yang                                investments are recognized as other
              tercatat di bursa diakui sebagai                                   income in the statement of profit or loss
              pendapatan lain-lain dalam laporan laba                            when the right to receive payment is
              rugi pada saat hak atas pembayaran telah                           established.
              ditetapkan.

                                                            72
Page 542
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                   ad.1. Financial Assets (continued)

              Pengukuran Selanjutnya (lanjutan)                                 Subsequent Measurement (continued)

              Pengukuran selanjutnya dari aset                                  The subsequent measurement of
              keuangan tergantung kepada klasifikasi                            financial assets depends on their
              masing-masing aset keuangan seperti                               classification as described below:
              berikut ini: (lanjutan)                                           (continued)

              Aset Keuangan pada nilai wajar melalui                            Financial assets at fair value through
              laba rugi (“NWLR”) (lanjutan)                                     profit or loss (“FVTPL”) (continued)

              Derivatif melekat dalam kontrak hibrida,                          A derivative embedded in a hybrid
              dengan liabilitas keuangan atau kontrak                           contract, with a financial liability or non-
              utama non-keuangan, dipisahkan dari                               financial host, is separated from the host
              kontrak utamanya dan dicatat sebagai                              and accounted for as a separate
              derivatif terpisah jika: karakteristik                            derivative       if:    the       economic
              ekonomi dan risiko tidak berkaitan erat                           characteristics and risks are not closely
              dengan kontrak utamanya; instrumen                                related to the host; a separate
              terpisah dengan persyaratan yang sama                             instrument with the same terms as the
              dengan derivatif melekat akan memenuhi                            embedded derivative would meet the
              definisi derivatif; dan kontrak hibrida ini                       definition of a derivative; and the hybrid
              tidak diukur pada NWLR. Derivatif                                 contract is not measured at FVTPL.
              melekat diukur pada nilai wajar dengan                            Embedded derivatives are measured at
              perubahan nilai wajar diakui dalam laba                           fair value with changes in fair value
              rugi. Penilaian ulang hanya terjadi jika                          recognized       in   profit     or     loss.
              terdapat     perubahan       baik    dalam                        Reassessment only occurs if there is
              persyaratan      kontrak    yang    secara                        either a change in the terms of the
              signifikan mengubah arus kas yang                                 contract that significantly modifies the
              sebaliknya     akan     diperlukan,   atau                        cash flows that would otherwise be
              reklasifikasi aset keuangan diluar dari                           required or a reclassification of a
              kategori NWLR.                                                    financial asset out of the FVTPL
                                                                                category.

              Penghentian Pengakuan                                            Derecognition

              Aset keuangan (atau, sesuai dengan                                A financial asset (or, where applicable, a
              kondisinya, bagian dari aset keuangan                             part of a financial asset or part of a group
              atau bagian dari kelompok aset keuangan                           of similar financial assets) is primarily
              serupa)        terutama       dihentikan                          derecognized (i.e., removed from the
              pengakuannya (yaitu, dihapuskan dari                              Group’s statement of financial position)
              laporan posisi keuangan Kelompok                                  when:
              Usaha) ketika:
              -   Hak untuk menerima arus kas dari                              -    The rights to receive cash flows from
                  aset telah berakhir, atau                                          the asset have expired, or




                                                            73
Page 543
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                   ad.1. Financial Assets (continued)

              Penghentian Pengakuan (lanjutan)                                 Derecognition (continued)

              Aset keuangan (atau, sesuai dengan                                A financial asset (or, where applicable, a
              kondisinya, bagian dari aset keuangan                             part of a financial asset or part of a group
              atau bagian dari kelompok aset keuangan                           of similar financial assets) is primarily
              serupa)        terutama        dihentikan                         derecognized (i.e., removed from the
              pengakuannya (yaitu, dihapuskan dari                              Group’s statement of financial position)
              laporan posisi keuangan Kelompok                                  when: (continued)
              Usaha) ketika: (lanjutan)
              -   Kelompok Usaha telah mengalihkan                              -    The Group has transferred its rights
                  haknya untuk menerima arus kas dari                                to receive cash flows from the asset
                  aset atau menanggung kewajiban                                     or has assumed an obligation to pay
                  untuk membayar arus kas yang                                       the received cash flows in full without
                  diterima tersebut secara penuh tanpa                               material delay to a third party under a
                  penundaan yang material kepada                                     ‘pass-through’ arrangement; and
                  pihak        ketiga      berdasarkan                               either (a) the Group has transferred
                  kesepakatan ‘pass-through’, dan                                    substantially all the risks and rewards
                  salah satu dari (a) Kelompok Usaha                                 of the asset, or (b) the Group has
                  telah       mengalihkan        secara                              neither transferred nor retained
                  substansial seluruh risiko dan                                     substantially all the risks and rewards
                  manfaat atas aset, atau (b) Kelompok                               of the asset, but has transferred
                  Usaha tidak mengalihkan maupun                                     control of the asset.
                  tidak memiliki secara substansial
                  atas seluruh risiko dan manfaat atas
                  aset, tetapi telah mengalihkan
                  kendali atas aset.

              Ketika     Kelompok       Usaha      telah                       When the Group has transferred its rights
              mengalihkan haknya untuk menerima                                to receive cash flows from an asset or has
              arus kas dari suatu aset atau telah                              entered        into     a     pass-through
              menandatangani kesepakatan ‘pass-                                arrangement, it evaluates if, and to what
              through’, Kelompok Usaha mengevaluasi                            extent, it has retained the risks and
              jika, dan sejauh mana, Kelompok Usaha                            rewards of ownership. When it has
              masih mempertahankan risiko dan                                  neither      transferred    nor    retained
              manfaat atas kepemilikan aset. Ketika                            substantially all of the risks and rewards
              Kelompok Usaha tidak mengalihkan                                 of the asset, nor transferred control of the
              maupun seluruh risiko dan manfaat atas                           asset, the Group continues to recognize
              aset dipertahankan secara substansial,                           the transferred asset to the extent of its
              maupun tidak mengalihkan kendali atas                            continuing involvement. In that case, the
              aset, Kelompok Usaha tetap mengakui                              Group also recognizes an associated
              aset yang dialihkan sebesar keterlibatan                         liability. The transferred asset and the
              berkelanjutannya. Dalam kasus tersebut,                          associated liability are measured on a
              Kelompok Usaha juga mengakui liabilitas                          basis that reflects the rights and
              terkait. Aset yang dialihkan dan liabilitas                      obligations that the Group has retained.
              terkait diukur dengan basis yang
              mencerminkan hak dan kewajiban yang
              masih dipertahankan oleh Kelompok
              Usaha.




                                                            74
Page 544
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                               ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                  ad.1. Financial Assets (continued)

              Penghentian Pengakuan (lanjutan)                                Derecognition (continued)

              Keterlibatan berkelanjutan dalam bentuk                          Continuing involvement that takes the
              jaminan atas aset yang ditransfer, diukur                        form of a guarantee over the transferred
              pada nilai myang lebih rendah antara                             asset is measured at the lower of the
              jumlah tercatat awal aset dan jumlah                             original carrying amount of the asset and
              maksimum imbalan yang dibutuhkan oleh                            the maximum amount of consideration
              Kelompok Usaha untuk membayar                                    that the Group could be required to
              kembali.                                                         repay.

              Penurunan Nilai Aset Keuangan                                    Impairment of Financial Assets

              Kelompok Usaha mengakui penyisihan                               The Group recognizes an allowance for
              Kerugian Kredit Ekspektasian (“ECL”)                             Expected Credit Loss (“ECL”) for all debt
              untuk semua instrumen utang yang bukan                           instruments not held at FVTPL and
              diukur pada NWLR dan kontrak jaminan                             financial guarantee contracts. ECLs are
              keuangan.     ECL    ditentukan     atas                         based on the difference between the
              perbedaan antara arus kas kontraktual                            contractual    cash    flows   due     in
              menurut kontrak dan semua arus kas                               accordance with the contract and all the
              yang diharapkan akan diterima oleh                               cash flows that the Group expects to
              Kelompok Usaha, yang didiskontokan                               receive, discounted at an approximation
              dengan perkiraan SBE orisinal. Arus kas                          of the original EIR. The expected cash
              yang diharapkan mencakup setiap arus                             flows include any cash flows from the
              kas dari penjualan agunan yang dimiliki                          sale of collateral held or other credit
              atau perbaikan kredit lainnya yang                               enhancements that are integral to the
              merupakan bagian yang tidak terpisahkan                          contractual terms.
              dalam ketentuan kontrak.

              ECL diakui dalam dua tahap. Bila belum                           ECLs are recognized in two stages.
              terdapat     peningkatan risiko kredit                           When there have not been significant
              signifikan sejak pengakuan awal, ECL                             increases in credit risks since initial
              diakui untuk kerugian kredit yang                                recognition, ECLs are provided for credit
              dihasilkan dari peristiwa gagal bayar yang                       losses that result from default events that
              mungkin terjadi dalam jangka waktu 12                            are possible within the next 12-months (a
              bulan ke depan (ECL 12 bulan). Namun,                            12-month ECL). However, when there
              bila telah terdapat peningkatan signifikan                       have been significant increases in credit
              risiko kredit sejak pengakuan awal,                              risks since initial recognition, a loss of
              penyisihan kerugian diakui untuk kerugian                        allowance is recognized for credit losses
              kredit yang diperkirakan selama sisa umur                        expected over the remaining life of the
              aset, tanpa mempertimbangkan waktu                               asset, irrespective of timing of the default
              gagal bayar (ECL sepanjang umurnya).                             (a lifetime ECL).




                                                           75
Page 545
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL                      2.   SUMMARY OF MATERIAL                     ACCOUNTING
     (lanjutan)                                                      POLICIES (continued)

     ad. Instrumen Keuangan (lanjutan)                               ad. Financial Instruments (continued)

         ad.1. Aset Keuangan (lanjutan)                                  ad.1. Financial Assets (continued)

              Penghentian Pengakuan (lanjutan)                                 Derecognition (continued)

              Penurunan     Nilai   Aset    Keuangan                           Impairment        of    Financial      Assets
              (lanjutan)                                                       (continued)

              Karena piutang usaha, piutang lain-lain,                         Because its trade receivables, other
              dan aset kontrak tidak memiliki komponen                         receivables, and contract assets do not
              pembiayaan signifikan, Kelompok Usaha                            contain significant financing component,
              menerapkan         pendekatan       yang                         the Group applies a simplified approach
              disederhanakan dalam perhitungan ECL.                            in calculating ECL. Therefore, the Group
              Oleh karena itu, Kelompok Usaha tidak                            does not track changes in credit risk, but
              menelusuri perubahan dalam risiko kredit,                        instead recognizes a loss of allowance
              namun justru mengakui penyisihan                                 based on lifetime ECL at each reporting
              kerugian berdasarkan ECL sepanjang                               date. The Group established a provision
              umurnya pada setiap tanggal pelaporan.                           matrix that is based on its historical credit
              Kelompok Usaha membentuk matriks                                 loss experience, adjusted for forward-
              provisi    berdasarkan       pengalaman                          looking factors specific to the debtors
              kerugian kredit masa lampau, disesuaikan                         and the economic environment.
              dengan perkiraan masa depan (forward-
              looking) atas faktor yang spesifik untuk
              debitur dan lingkungan ekonomi.

              Untuk aset keuangan yang diukur pada                             For financial assets carried at amortised
              biaya perolehan diamortisasi, jumlah                             cost, the amount of the impairment loss is
              kerugian penurunan nilai merupakan                               measured as the difference between the
              selisih antara jumlah tercatat aset                              asset’s carrying amount and the present
              keuangan dengan nilai kini dari estimasi                         value of estimated future cash flows,
              arus kas masa depan yang didiskontokan                           discounted at the financial asset’s original
              menggunakan suku bunga efektif awal                              effective interest rate.
              dari aset keuangan.

              Jumlah tercatat aset keuangan tersebut                           The carrying amount of the financial asset
              dikurangi dengan kerugian penurunan                              is reduced by the impairment loss directly
              nilai secara langsung atas seluruh aset                          for all financial assets with the exception
              keuangan, kecuali piutang yang jumlah                            of receivables, where the carrying amount
              tercatatnya dikurangi melalui penggunaan                         is reduced through the use of an
              akun cadangan piutang. Jika piutang tidak                        allowance account. When a receivable is
              tertagih, piutang tersebut dihapuskan                            considered uncollectible, it is written off
              melalui    akun     cadangan      piutang.                       against      the     allowance     account.
              Pemulihan kemudian dari jumlah yang                              Subsequent recoveries of amounts
              sebelumnya telah dihapuskan dikreditkan                          previously written off are credited against
              terhadap akun cadangan. Perubahan                                the allowance account. Changes in the
              jumlah tercatat akun cadangan piutang                            carrying amount of the allowance account
              diakui dalam laba rugi.                                          are recognized in profit or loss.




                                                           76
Page 546
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                ad. Financial Instruments (continued)

         ad.2. Liabilitas Keuangan                                        ad.2. Financial Liabilities

              Pengakuan dan Pengukuran Awal                                     Initial Recognition and Measurement

              Liabilitas    keuangan     diklasifikasikan                       Financial liabilities are classified as
              sebagai liabilitas keuangan yang diukur                           financial liabilities at fair value through
              pada nilai wajar melalui laba rugi atau                           profit or loss or financial liabilities at
              liabilitas keuangan pada biaya perolehan                          amortized cost. The Group determines
              diamortisasi.       Kelompok         Usaha                        the classification of its financial liabilities
              menentukan klasifikasi liabilitas keuangan                        at initial recognition.
              mereka pada saat pengakuan awal.

              Liabilitas keuangan awalnya diukur                                Financial liabilities are initially measured
              sebesar nilai wajarnya. Biaya transaksi                           at fair value. Transaction costs that are
              yang dapat diatribusikan secara langsung                          directly attributable to the acquisition of
              dengan perolehan liabilitas keuangan                              financial liabilities (other than financial
              (selain liabilitas keuangan yang diukur                           liabilities at fair value through profit or
              pada nilai wajar melalui laba rugi)                               loss) are added to or deducted from the
              ditambahkan atau dikurangkan dari nilai                           fair value of the financial liabilities, as
              wajar liabilitas keuangan, yang sesuai,                           appropriate, on initial recognition.
              pada pengakuan awal. Biaya transaksi                              Transaction costs directly attributable to
              yang dapat diatribusikan secara langsung                          the acquisition of financial liabilities at fair
              dengan perolehan liabilitas keuangan                              value through profit or loss are
              yang diukur pada nilai wajar melalui laba                         recognized immediately in profit or loss.
              rugi langsung diakui dalam laba rugi.

              Liabilitas keuangan Kelompok Usaha                                The Group’s financial liabilities consist of
              terdiri dari utang bank dan lembaga                               short-term bank loans and other financial
              keuangan lainnya jangka pendek, utang                             institution, trade payables, other current
              usaha, liabilitas jangka pendek lainnya,                          liabilities, accrued expenses, short-term
              beban akrual, liabilitas imbalan kerja                            employee benefits liability, long-term
              jangka pendek, utang bank dan lembaga                             bank loans and other financial institution,
              keuangan lainnya jangka panjang, utang                            bonds payable and sukuk, lease
              obligasi dan sukuk, liabilitas sewa dan                           liabilities and other long-term liabilities
              liabilitas jangka panjang lainnya sebagai                         classified as financial liabilities at
              liabilitas keuangan yang diukur dengan                            amortized cost. The Company has no
              biaya diamortisasi. Perusahaan tidak                              financial liabilities measured at fair value
              memiliki liabilitas keuangan yang diukur                          through profit or loss.
              pada nilai wajar melalui laba rugi.




                                                            77
Page 547
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                ad. Financial Instruments (continued)

         ad.2. Liabilitas Keuangan (lanjutan)                             ad.2. Financial Liabilities (continued)

              Pengukuran Selanjutnya                                            Subsequent Measurement

              Pengukuran selanjutnya dari liabilitas                            The subsequent measurement of
              keuangan ditentukan oleh klasifikasinya                           financial liabilities depends on their
              sebagai berikut:                                                  classification as described below:

              Liabilitas keuangan pada NWLR                                     Financial liabilities at FVTPL

              Liabilitas keuangan yang diukur pada                              Financial liabilities at FVTPL include
              NWLR mencakup liabilitas keuangan                                 financial liabilities held for trading and
              yang dimiliki untuk diperdagangkan dan                            financial liabilities designated upon initial
              liabilitas keuangan yang diukur pada                              recognition as at FVTPL.
              NWLR yang ditetapkan saat pengakuan
              awal.

              Liabilitas    keuangan     diklasifikasikan                       Financial liabilities are classified as held
              sebagai dimiliki untuk diperdagangkan                             for trading if they are acquired for the
              apabila liabilitas tersebut diperoleh                             purpose of being repurchased in the near
              dengan tujuan untuk dibeli kembali dalam                          term. This category also includes
              waktu dekat. Kategori ini juga mencakup                           derivative financial instruments entered
              instrumen keuangan derivatif yang                                 into by the Group that are not designated
              digunakan oleh Kelompok Usaha dan                                 as hedging instruments in hedge
              tidak ditetapkan sebagai instrumen                                accounting relationships as defined in
              lindung nilai dalam hubungan lindung nilai                        PSAK 109: Financial Instruments.
              sebagaimana didefinisikan dalam PSAK                              Separated embedded derivatives are
              109: Instrumen Keuangan. Derivatif                                also classified as held for trading unless
              melekat       yang    dipisahkan       juga                       they are designated as effective hedging
              diklasifikasikan sebagai dimiliki untuk                           instruments.
              diperdagangkan, kecuali jika ditetapkan
              sebagai instrumen lindung nilai yang
              efektif.

              Keuntungan atau kerugian atas liabilitas                          Gains or losses on liabilities held for
              yang dimiliki untuk diperdagangkan diakui                         trading are recognized in the statement
              dalam laporan laba rugi.                                          of profit or loss.

              Liabilitas keuangan yang diukur pada                              Financial liabilities designated upon
              NWLR yang ditetapkan saat pengakuan                               initial recognition at FVTPL are
              awal harus memenuhi kriteria dalam                                designated at the initial date of
              PSAK 109:       Instrumen Keuangan:                               recognition, and only if the criteria in
              Pengungkapan dan ditetapkan pada                                  PSAK 109: Financial Instrument:
              tanggal pengakuan awal. Kelompok                                  Disclosure are satisfied. The Group has
              Usaha tidak menetapkan liabilitas                                 not designated any financial liability as at
              keuangan apapun sebagai liabilitas yang                           FVTPL.
              diukur pada NWLR.




                                                            78
Page 548
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                               ad. Financial Instruments (continued)

         ad.2. Liabilitas Keuangan (lanjutan)                            ad.2. Financial Liabilities (continued)

              Pengukuran Selanjutnya (lanjutan)                                Subsequent Measurement (continue)

              Pengukuran selanjutnya dari liabilitas                           The subsequent measurement of
              keuangan ditentukan oleh klasifikasinya                          financial liabilities depends on their
              sebagai berikut: (lanjutan)                                      classification as described below:
                                                                               (continued)

              Liabilitas keuangan pada biaya perolehan                         Financial liabilities at amortized cost
              diamortisasi (Utang dan pinjaman)                                (Loans and borrowings)

              1. Utang dan Pinjaman Jangka Panjang                             1.   Long-term Interest-bearing Loans
                 yang Dikenakan Bunga                                               and Borrowings

                 Setelah pengakuan awal, utang dan                                  Subsequent to initial recognition,
                 pinjaman jangka panjang yang                                       long-term interest-bearing loans and
                 berbunga      diukur     pada    biaya                             borrowings are measured at
                 perolehan yang diamortisasi dengan                                 amortized acquisition costs using
                 menggunakan metode SBE. Pada                                       EIR method. At the reporting dates,
                 tanggal pelaporan, biaya bunga yang                                accrued interest is recorded
                 masih harus dibayar dicatat secara                                 separately from the associated
                 terpisah, dari pokok pinjaman terkait,                             borrowings within the current
                 dalam bagian liabilitas jangka pendek.                             liabilities section. Gains and losses
                 Keuntungan dan kerugian diakui pada                                are recognized in the profit or loss
                 laba rugi ketika liabilitas dihentikan                             when the liabilities are derecognized
                 pengakuannya       maupun       melalui                            as well as through the EIR
                 proses amortisasi menggunakan                                      amortization process.
                 metode SBE.

                 Biaya amortisasi dihitung dengan                                   Amortized cost is calculated by
                 mempertimbangkan setiap diskonto                                   taking into account any discount or
                 atau premium atas akusisi dan komisi                               premium on acquisition and fees or
                 atau biaya yang merupakan bagian                                   costs that are an integral part of the
                 tidak terpisahkan dari SBE. Amortisasi                             EIR. The EIR amortization is
                 SBE dicatat sebagai beban keuangan                                 included in finance costs in the profit
                 pada laba rugi.                                                    or loss.

              2. Utang dan Akrual                                              2.   Payables and Accruals

                 Liabilitas untuk utang usaha dan                                   Liabilities for current trade and other
                 liabilitas jangka pendek lainnya,                                  current liabilities, accrued expenses,
                 beban akrual, dan liabilitas imbalan                               and short-term employee benefit
                 kerja karyawan jangka pendek                                       liabilities are stated at carrying
                 dinyatakan sebesar jumlah tercatat                                 amounts (notional amounts), which
                 (jumlah nosional), yang kurang lebih                               approximate their fair values.
                 sebesar nilai wajarnya.




                                                           79
Page 549
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

          PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
              DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
            CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
           KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     ad. Instrumen Keuangan (lanjutan)                                 ad. Financial Instruments (continued)

         ad.2. Liabilitas Keuangan (lanjutan)                              ad.2. Financial Liabilities (continued)

              Penghentian Pengakuan                                              Derecognition

              Suatu liabilitas keuangan dihentikan                               A financial liability is derecognized when
              pengakuannya pada saat kewajiban yang                              it is extinguished, that is when the
              ditetapkan dalam kontrak dihentikan atau                           obligation specified in the contract is
              dibatalkan atau kadaluwarsa.                                       discharged or canceled or expired.

              Ketika sebuah liabilitas keuangan ditukar                          When an existing financial liability is
              dengan liabilitas keuangan lain dari                               replaced by another from the same
              pemberi pinjaman yang sama atas                                    lender on substantially different terms, or
              persyaratan yang secara substansial                                the terms of an existing financial liability
              berbeda, atau bila persyaratan dari                                are substantially modified, such an
              liabilitas keuangan tersebut secara                                exchange or modification is treated as
              substansial dimodifikasi, pertukaran atau                          derecognition of the original financial
              modifikasi persyaratan tersebut dicatat                            liability and recognition of a new financial
              sebagai penghentian pengakuan liabilitas                           liability, and the difference in the
              keuangan awal dan pengakuan liabilitas                             respective       carrying    amounts      is
              keuangan baru, dan selisih antara nilai                            recognized in the profit or loss.
              tercatat     masing-masing        liabilitas
              keuangan tersebut diakui pada laba rugi.

         ad.3. Saling Hapus Instrumen Keuangan                             ad.3. Offsetting of Financial Instruments

              Aset keuangan dan liabilitas keuangan                              Financial assets and financial liabilities
              disaling hapuskan dan nilai netonya                                are offset, and the net amount reported in
              disajikan dalam laporan posisi keuangan                            the consolidated statement of financial
              konsolidasian jika, dan hanya jika,                                position if, and only if, there is a currently
              terdapat hak secara hukum untuk                                    enforceable legal right to offset the
              melakukan saling hapus atas jumlah                                 recognized amounts and there is an
              tercatat dari aset keuangan dan liabilitas                         intention to settle on a net basis, or to
              keuangan tersebut dan terdapat intensi                             realize the assets and settle the liabilities
              untuk menyelesaikan secara neto, atau                              simultaneously.
              untuk     merealisasikan        aset    dan
              menyelesaikan        liabilitas      secara
              bersamaan.




                                                             80
Page 550
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  ae. Peristiwa Setelah Periode Pelaporan                       ae. Events After the Reporting Period

     Peristiwa setelah periode pelaporan yang                        Post period-end events that provide additional
     memberikan informasi tambahan mengenai posisi                   information about the Group’s financial position
     keuangan Kelompok Usaha pada tanggal                            at the reporting date (“adjusting events”), if any,
     pelaporan (“peristiwa penyesuaian”), jika ada,                  are reflected in the consolidated financial
     dicerminkan     dalam      laporan    keuangan                  statements. Post period-end events that are not
     konsolidasian.   Peristiwa    setelah   periode                 adjusting events are disclosed in the notes to the
     pelaporan yang bukan peristiwa penyesuai                        consolidated financial statements when material.
     diungkapkan dalam catatan atas laporan
     keuangan konsolidasian jika material.

  af. Klasifikasi Lancar dan Tak Lancar                         af. Current and Non-Current Classification

     Kelompok Usaha menyajikan aset dan liabilitas                   The Group presents assets and liabilities in the
     dalam laporan posisi keuangan konsolidasian                     consolidated statement of financial position
     berdasarkan klasifikasi lancar/tak lancar. Suatu                based on current/non-current classification. An
     aset disajikan lancar bila:                                     asset is current when it is:
     1) Akan direalisasi, dijual atau dikonsumsi dalam               1) Expected to be realized or intended to be
        siklus operasi normal,                                          sold or consumed in the normal operating
                                                                        cycle,
     2) Untuk diperdagangkan,                                        2) Held primarily for the purpose of trading,
     3) Akan direalisasi dalam 12 bulan setelah                      3) Expected to be realized within 12 months
        tanggal pelaporan, atau                                         after the reporting period, or
     4) Kas atau setara kas kecuali yang dibatasi                    4) Cash or cash equivalent unless restricted
        penggunaannya atau akan digunakan untuk                         from being exchanged or used to settle a
        melunasi suatu liabilitas dalam kurun waktu 12                  liability for at least 12 months after the
        bulan setelah tanggal pelaporan.                                reporting period.

     Seluruh aset lain diklasifikasikan sebagai tidak                All other assets are classified as non-current.
     lancar.

     Suatu liabilitas disajikan lancar bila:                         A liability is current when it is:
     1) Akan dilunasi dalam siklus operasi normal,                   1) Expected to be settled in the normal
                                                                         operating cycle,
     2) Untuk diperdagangkan,                                        2) Held primarily for the purpose of trading,
     3) Akan dilunasi dalam dua belas (12) bulan                     3) Due to be settled within twelve (12) months
        setelah tanggal pelaporan, atau                                  after the reporting period, or
     4) Tidak ada hak tanpa syarat untuk                             4) There is no unconditional right to defer the
        menangguhkan pelunasannya dalam kurun                            settlement of the liability for at least twelve
        waktu dua belas (12) bulan setelah tanggal                       (12) months after the reporting period.
        pelaporan.

     Seluruh liabilitas lain diklasifikasikan sebagai                All other liabilities are classified as non-current.
     tidak lancar.

     Aset      dan   kewajiban   pajak    tangguhan                  Deferred tax assets and liabilities are classified
     diklasifikasikan sebagai aset tidak lancar dan                  as non-current assets and non-current liabilities.
     kewajiban jangka panjang.




                                                         81
Page 551
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF MATERIAL ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  ag. Dividen Tunai                                                  ag. Cash Dividends

     Perusahaan mengakui liabilitas untuk membayar                       The Company recognizes a liability to pay a
     dividen ketika distribusi telah disetujui, dan                      dividend when the distribution is authorised, and
     distribusi tidak      lagi atas      kebijaksanaan                  the distribution is no longer at the discretion of
     Perusahaan. Sesuai dengan hukum perusahaan                          the Company. As per the corporate laws of
     di Indonesia, distribusi diperbolehkan jika disetujui               Indonesia, a distribution is authorised when it is
     oleh pemegang saham. Jumlah yang sesuai                             approved by the shareholders. A corresponding
     diakui secara langsung dalam ekuitas.                               amount is recognized directly in equity.


3. PERTIMBANGAN, ESTIMASI              DAN      ASUMSI            3. SIGNIFICANT  ACCOUNTING   JUDGMENTS,
   AKUNTANSI SIGNIFIKAN                                              ESTIMATES AND ASSUMPTIONS

  Penyusunan laporan keuangan konsolidasian                          The preparation of the Group consolidated financial
  Kelompok Usaha mengharuskan manajemen untuk                        statements requires management to make
  membuat pertimbangan, estimasi dan asumsi yang                     judgments, estimates and assumptions that affect
  mempengaruhi jumlah yang dilaporkan dari                           the reported amounts of revenues, expenses,
  pendapatan, beban, aset dan liabilitas, dan                        assets and liabilities, and the disclosure of
  pengungkapan atas liabilitas kontinjensi, pada akhir               contingent liabilities, at the end of the reporting
  periode pelaporan. Ketidakpastian mengenai asumsi                  period. Uncertainty about these assumptions and
  dan estimasi tersebut dapat mengakibatkan                          estimates could result in outcomes that require
  penyesuaian material terhadap nilai tercatat pada                  a material adjustment to the carrying amount of the
  aset dan liabilitas dalam periode pelaporan                        asset and liability affected in future periods.
  berikutnya.

  Manajemen berkeyakinan bahwa pengungkapan                          Management believes that the following represent a
  berikut telah mencakup ikhtisar pertimbangan,                      summary of the significant judgements, estimates
  estimasi dan asumsi signifikan yang dibuat oleh                    and assumptions made that affected certain reported
  manajemen, yang berpengaruh terhadap jumlah-                       amounts and disclosures in the consolidated
  jumlah yang dilaporkan serta pengungkapan dalam                    financial statements.
  laporan keuangan konsolidasian.

  Pertimbangan                                                       Judgements

  Penyusunan laporan keuangan konsolidasian                          The preparation of the Group’s consolidated financial
  Kelompok Usaha mensyaratkan manajemen untuk                        statements requires management to make
  membuat pertimbangan, estimasi dan asumsi yang                     judgments, estimates and assumptions that affect
  mempengaruhi jumlah yang dilaporkan atas                           the reported amounts of revenues, expenses,
  pendapatan, beban, aset, dan liabilitas, serta                     assets, and liabilities, and the disclosures to the
  pengungkapan laporan keuangan konsolidasi, pada                    consolidated financial statements, at the end of the
  akhir periode pelaporan. Namun, ketidakpastian                     reporting period. However, uncertainty about these
  asumsi dan estimasi ini dapat menyebabkan hasil                    assumptions and estimates could result in outcomes
  yang memerlukan penyesuaian material atas nilai                    that require a material adjustment to the carrying
  tercatat aset atau liabilitas yang berdampak pada                  amount of the assets or liabilities affected in future
  masa mendatang.                                                    years.




                                                             82
Page 552
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                 ASUMSI           3. SIGNIFICANT  ACCOUNTING    JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

  Pertimbangan (lanjutan)                                        Judgements (continued)

  Perpajakan                                                     Taxes

  Ketidakpastian atas interpretasi dari peraturan pajak          Uncertainties exist with respect to the interpretation
  yang kompleks, perubahan peraturan pajak dan                   of complex tax regulations, changes in tax laws, and
  jumlah dan timbulnya penghasilan kena pajak di                 the amount and timing of future taxable income,
  masa depan, dapat menyebabkan penyesuaian di                   could necessitate future adjustments to tax income
  masa depan atas penghasilan dan beban pajak yang               and expense already recorded.
  telah dicatat.

  Pertimbangan juga dilakukan dalam menentukan                   Judgment is also involved in determining the
  penyisihan atas pajak penghasilan badan. Terdapat              provision for corporate income tax. There are certain
  transaksi dan perhitungan tertentu yang penentuan              transactions and computation for which the ultimate
  pajak akhirnya adalah tidak pasti sepanjang kegiatan           tax determination is uncertain during the ordinary
  usaha normal.                                                  course of business.

  Kelompok Usaha mengakui liabilitas atas pajak                  The Group recognizes liabilities for expected
  penghasilan badan berdasarkan estimasi apakah                  corporate income tax issues based on estimates of
  akan terdapat tambahan pajak penghasilan badan.                whether additional corporate income tax will be due.
  Nilai tercatat neto utang pajak penghasilan badan              The net carrying amount of corporate income tax
  pada 31 Desember 2025 adalah sebesar Rp4.095                   payable as of December 31, 2025 was Rp4,095
  (2024: RpNihil). Penjelasan lebih rinci mengenai               (2024: RpNil). Further details regarding taxation are
  pajak penghasilan diungkapkan dalam Catatan 12e.               disclosed in Note 12e.

  Tagihan Restitusi Pajak dan Keberatan Atas Hasil               Claims for Tax Refund and Tax Assessments Under
  Pemeriksaan Pajak                                              Appeal

  Berdasarkan peraturan perpajakan yang berlaku saat             Based on the tax regulations currently enacted, the
  ini, manajemen mempertimbangkan apakah jumlah                  management judged if the amounts recorded under
  yang tercatat dalam akun di atas dapat dipulihkan              the above account are recoverable and refundable
  dan dikembalikan oleh Kantor Pajak. Nilai tercatat             by the Tax Office. The carrying amount of the
  atas tagihan dan keberatan atas hasil pemeriksaan              Group’s claims for tax refund and tax assessments
  pajak Kelompok Usaha pada tanggal 31 Desember                  under appeal as of December 31, 2025 was
  2025        adalah      sebesar       Rp1.200.814              Rp1,200,814       (2024: Rp1,123,290). Further
  (2024: Rp1.123.290). Penjelasan lebih lanjut atas              explanations regarding this account are provided in
  akun ini diungkapkan pada Catatan 12b.                         Note 12b.

  Opsi pembaruan dan penghentian dalam kontrak -                 Lease term of contracts with renewal and termination
  Kelompok Usaha sebagai penyewa                                 options - the Group as lessee

  Kelompok Usaha menentukan masa sewa sesuai                     The Group determines the lease term as the non-
  masa sewa yang tidak dapat terbatalkan, ditambah               cancellable term of the lease, together with any
  dengan setiap periode yang dicakup oleh opsi untuk             periods covered by an option to extend the lease if it
  memperpanjang sewa jika cukup pasti untuk                      is reasonably certain to be exercised, or any periods
  mengeksekusi, atau setiap periode yang dicakup                 covered by an option to terminate the lease, if it is
  oleh opsi untuk menghentikan sewa, jika cukup pasti            reasonably certain not to be exercised.
  untuk tidak mengeksekusi opsi tersebut.




                                                          83
Page 553
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                 ASUMSI           3. SIGNIFICANT  ACCOUNTING    JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

  Pertimbangan (lanjutan)                                        Judgements (continued)

  Opsi pembaruan dan penghentian dalam kontrak -                 Lease term of contracts with renewal and termination
  Kelompok Usaha sebagai penyewa (lanjutan)                      options - the Group as lessee (continued)

  Kelompok Usaha memiliki beberapa kontrak sewa                  The Group has several lease contracts that include
  yang mencakup opsi perpanjangan dan terminasi.                 extension and termination options. The Group
  Kelompok Usaha menerapkan pertimbangan dalam                   applies judgement in evaluating whether it is
  mengevaluasi    apakah  secara    wajar   akan                 reasonably certain to exercise the option to renew or
  menggunakan opsi untuk memperbarui atau                        terminate the lease or not. The Group considers all
  mengakhiri     sewa.     Kelompok        Usaha                 relevant factors that create an economic incentive for
  mempertimbangkan semua faktor relevan yang                     them to exercise either the renewal or termination.
  membentuk insentif ekonomi untuk melakukan                     After the commencement date, the Group
  pembaruan atau penghentian. Setelah tanggal                    reassesses the lease term if there is a significant
  permulaan, Kelompok Usaha menilai kembali masa                 event or change in circumstances that is within its
  sewa jika terdapat peristiwa atau perubahan                    control and affects its ability to exercise or not to
  signifikan yang berada dalam kendalinya dan                    exercise the option to renew or to terminate.
  mempengaruhi kemampuannya untuk menjalankan
  atau tidak menggunakan opsi untuk memperbarui
  atau untuk mengakhiri.

  Pengungkapan lebih lanjut mengenai sewa terdapat               Further disclosures of leases are made in Note 16.
  pada Catatan 16.

  Asumsi utama masa depan dan sumber utama                       The key assumptions concerning the future and other
  estimasi ketidakpastian lain pada tanggal pelaporan            key sources of uncertainty of estimation at the
  yang memiliki risiko signifikan bagi penyesuaian yang          reporting date that have a significant risk of causing
  material terhadap nilai tercatat aset dan liabilitas           material adjustments to the carrying amounts of
  untuk tahun berikutnya diungkapkan di bawah ini.               assets and liabilities within the next financial year are
  Kelompok Usaha mendasarkan asumsi dan estimasi                 disclosed below. The Group based its assumptions
  pada parameter yang tersedia pada saat laporan                 and estimates on parameters available when the
  keuangan konsolidasian disusun. Asumsi dan situasi             consolidated financial statements were prepared.
  mengenai perkembangan masa depan mungkin                       Existing circumstances and assumptions about
  berubah akibat perubahan pasar atau situasi di luar            future developments may change due to market
  kendali Kelompok Usaha. Perubahan tersebut                     changes or circumstances arising beyond the control
  dicerminkan dalam asumsi terkait pada saat                     of the Group. Such changes are reflected in the
  terjadinya.                                                    assumptions when they occur.

  Penentuan Mata Uang Fungsional                                 Determination of Functional Currency

  Mata uang fungsional dari setiap entitas dalam                 The functional currency of each entity in the Group is
  Kelompok Usaha adalah mata uang dari lingkungan                the currency of the primary economic environment
  ekonomi utama di mana entitas tersebut beroperasi.             where such entity operates. Those currencies are the
  Mata uang tersebut adalah mata uang yang                       currencies that influence the revenues and costs of
  mempengaruhi pendapatan dan biaya masing-                      each of the respective entities. The determination of
  masing entitas. Penentuan mata uang fungsional                 functional currency may require judgment due to
  bisa membutuhkan pertimbangan karena berbagai                  various complexity, among others, the entity may
  kompleksitas, antara lain, suatu entitas dapat                 transact in more than one currency in its daily
  bertransaksi dalam lebih dari satu mata uang dalam             business activities.
  aktivitas usahanya sehari-hari.




                                                          84
Page 554
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                 ASUMSI           3. SIGNIFICANT  ACCOUNTING    JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

  Pertimbangan (lanjutan)                                        Judgements (continued)

  Klasifikasi Aset dan Liabilitas Keuangan                       Classification of Financial Assets and Liabilities

  Kelompok Usaha menetapkan klasifikasi atas aset                The Group determines the classifications of certain
  dan liabilitas tertentu sebagai aset keuangan dan              assets and liabilities as financial assets and financial
  liabilitas keuangan dengan mempertimbangkan                    liabilities by judging if they meet the definition set
  apakah definisi yang ditetapkan PSAK 109:                      forth in PSAK 109: Financial Instrument Accordingly,
  Instrumen Keuangan dipenuhi. Dengan demikian,                  the financial assets and financial liabilities are
  aset keuangan dan liabilitas keuangan diakui sesuai            accounted for in accordance with the Group’s
  dengan kebijakan akuntansi Kelompok Usaha seperti              accounting policies disclosed in Note 2ad.
  diungkapkan pada Catatan 2ad.

  Estimasi dan Asumsi                                            Estimates and Assumptions

  Asumsi utama mengenai masa depan dan sumber                    The key assumptions concerning the future and
  kunci lainnya untuk estimasi ketidakpastian pada               other key sources of estimation uncertainty at the
  akhir periode pelaporan yang memiliki risiko                   end of the reporting period that have a significant
  signifikan yang menyebabkan penyesuaian material               risk of causing a material adjustment to the carrying
  terhadap nilai tercatat aset dan liabilitas dalam              amounts of assets and liabilities within the next
  periode pelaporan berikutnya dijabarkan sebagai                financial period are discussed below:
  berikut:

  Provisi Kerugian Kredit Ekspektasian atas Piutang              Provision for Expected Credit Losses of Receivables

  Kelompok Usaha menggunakan matriks provisi untuk               The Group uses a provision matrix to calculate ECLs
  menghitung ECL untuk piutang. Tingkat provisi                  for receivables. The provision rates are based on
  didasarkan pada hari lewat jatuh tempo untuk                   days past due for groupings of various customer
  pengelompokan berbagai segmen pelanggan yang                   segments that have similar loss patterns. The
  memiliki pola kerugian yang serupa. Matriks provisi            provision matrix is initially based on the Group’s
  pada awalnya didasarkan pada tingkat gagal bayar               historical observed default rates.
  Kelompok Usaha yang diamati secara historis.

  Kelompok Usaha akan mengkalibrasi matriks untuk                The Group will calibrate the matrix to adjust the
  menyesuaikan pengalaman kerugian kredit historis               historical credit loss experience with forward-looking
  dengan informasi yang bersifat perkiraan masa                  information. For instance, if forecast economic
  depan (forward-looking). Misalnya, jika perkiraan              conditions (i.e., gross domestic product) are
  kondisi ekonomi (yaitu, produk domestik bruto)                 expected to deteriorate over the next period which
  diekspektasikan akan memburuk pada periode                     can lead to an increased number of defaults in the
  berikutnya yang dapat menyebabkan peningkatan                  manufacturing sector, the historical default rates are
  jumlah gagal bayar di sektor manufaktur, tingkat               adjusted. At every reporting date, the historical
  gagal bayar historis disesuaikan. Pada setiap tanggal          observed default rates are updated and changes in
  pelaporan, tingkat gagal bayar yang diamati secara             the forward-looking estimates are analyzed.
  historis diperbarui dan perubahan dalam estimasi
  perkiraan masa depan dianalisis.




                                                          85
Page 555
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                 ASUMSI            3. SIGNIFICANT  ACCOUNTING    JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                                 ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi (lanjutan)                                  Estimates and Assumptions (continued)

  Asumsi utama mengenai masa depan dan sumber                     The key assumptions concerning the future and
  kunci lainnya untuk estimasi ketidakpastian pada                other key sources of estimation uncertainty at the
  akhir periode pelaporan yang memiliki risiko                    end of the reporting period that have a significant
  signifikan yang menyebabkan penyesuaian material                risk of causing a material adjustment to the carrying
  terhadap nilai tercatat aset dan liabilitas dalam               amounts of assets and liabilities within the next
  periode pelaporan berikutnya dijabarkan sebagai                 financial period are discussed below: (continued)
  berikut: (lanjutan)

  Provisi Kerugian Kredit Ekspektasian atas Piutang               Provision for Expected Credit Losses of Receivables
  (lanjutan)                                                      (continued)

  Penilaian korelasi antara tingkat default yang diamati          The assessment of the correlation between historical
  secara historis, prakiraan kondisi ekonomi, dan ECL             observed default rates, forecast economic conditions
  adalah estimasi yang signifikan. Jumlah ECL sensitif            and ECLs is a significant estimate. The amount of
  terhadap perubahan keadaan dan prakiraan kondisi                ECLs is sensitive to changes in circumstances and of
  ekonomi. Pengalaman kerugian kredit historis                    forecast economic conditions. The Groups’s
  Kelompok Usaha dan perkiraan kondisi ekonomi                    historical credit loss experience and forecast of
  mungkin juga tidak mewakili gagal bayar pelanggan               economic conditions may also not be representative
  yang sebenarnya di masa depan. Informasi tentang                of customer’s actual default in the future. The
  ECL pada piutang Kelompok Usaha diungkapkan                     information about the ECLs on The Group’s
  dalam Catatan 7, 8, dan 11.                                     receivables is disclosed in Notes 7,8, and 11.

  Estimasi Masa Manfaat Aset Tetap                                Estimate Useful Lifes of Fixed Assets

  Masa manfaat dari masing-masing aset tetap                      The useful life of each of the item of the Group’s fixed
  Kelompok Usaha diestimasi berdasarkan jangka                    assets is estimated based on the period over which
  waktu aset tersebut diharapkan tersedia untuk                   the asset is expected to be available for use. Such
  digunakan. Estimasi tersebut didasarkan pada                    estimation is based on a collective assessment of
  penilaian kolektif berdasarkan bidang usaha yang                similar business, internal technical evaluation and
  sama, evaluasi teknis internal dan pengalaman                   experience with similar assets. The estimated useful
  dengan aset sejenis. Estimasi masa manfaat setiap               life of each asset is reviewed periodically and
  aset ditelaah secara berkala dan diperbarui jika                updated if expectations differ from previous
  estimasi berbeda dari perkiraan sebelumnya yang                 estimates due to usage, obsolescence, and legal or
  disebabkan karena pemakaian, usang, serta                       other limits on the use of the asset.
  keterbatasan hak atau pembatasan lainnya terhadap
  penggunaan aset.

  Dengan demikian, hasil operasi di masa mendatang                It is possible, however, that future results of
  mungkin dapat terpengaruh secara signifikan oleh                operations could be materially affected by changes
  perubahan dalam jumlah dan waktu terjadinya biaya               in the amounts and timing of recorded expenses
  karena perubahan yang disebabkan oleh faktor-                   brought about by changes in the factors mentioned
  faktor yang disebutkan di atas. Penurunan estimasi              above. A reduction in the estimated useful life of any
  masa manfaat ekonomis setiap aset tetap akan                    item of fixed assets would increase the recorded
  menyebabkan kenaikan beban penyusutan dan                       depreciation and decrease the carrying values of
  penurunan nilai tercatat aset tetap.                            these assets.

  Estimasi masa manfaat aset tetap diungkapkan pada               Estimated useful lifes of fixed assets are disclosed in
  Catatan 2k. Tidak terdapat perubahan dalam                      Note 2k. There is no change in the estimated useful
  estimasi masa manfaat aset tetap selama tahun                   lifes of fixed assets during the year.
  berjalan.




                                                           86
Page 556
                                                             The original consolidated financial statements included herein
                                                                                               are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                     PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN               ASUMSI           3. SIGNIFICANT  ACCOUNTING    JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi (lanjutan)                               Estimates and Assumptions (continued)

  Asumsi utama mengenai masa depan dan sumber                  The key assumptions concerning the future and
  kunci lainnya untuk estimasi ketidakpastian pada             other key sources of estimation uncertainty at the
  akhir periode pelaporan yang memiliki risiko                 end of the reporting period that have a significant
  signifikan yang menyebabkan penyesuaian material             risk of causing a material adjustment to the carrying
  terhadap nilai tercatat aset dan liabilitas dalam            amounts of assets and liabilities within the next
  periode pelaporan berikutnya dijabarkan sebagai              financial period are discussed below: (continued)
  berikut: (lanjutan)

  Penurunan Nilai Aset Nonkeuangan                             Impairment of Non-financial Assets

  Penelaahan atas penurunan nilai dilakukan apabila            Impairment review is performed when certain
  terdapat indikasi penurunan nilai aset tertentu.             impairment indicators are present. Determining the
  Penentuan nilai wajar aset membutuhkan estimasi              fair value of assets requires the estimation of cash
  arus kas yang diharapkan akan dihasilkan dari                flows expected to be generated from the continued
  pemakaian berkelanjutan dan pelepasan akhir atas             use and ultimate disposition of such assets. Any
  aset tersebut. Perubahan signifikan dalam asumsi-            significant changes in the assumptions used in
  asumsi yang digunakan untuk menentukan nilai wajar           determining the fair value may materially affect the
  dapat berdampak signifikan pada nilai terpulihkan            assessment of recoverable values and any resulting
  dan jumlah kerugian penurunan nilai yang terjadi             impairment loss could have a material impact on
  mungkin berdampak material pada hasil operasi                results of the Group’s operations.
  Kelompok Usaha.

  Penjelasan lebih rinci diungkapkan dalam Catatan             Further details are disclosed in Notes 13, 14, and 15.
  13, 14, dan 15.

  Estimasi Beban Pensiun dan Imbalan Pascakerja                Estimated Pension Expenses and Post Employment
                                                               Benefits

  Nilai kini liabilitas imbalan pascakerja dan beban           The present value of post-employment benefits
  pensiun yang masih harus dibayar tergantung pada             obligations and accrued pension expenses depends
  beberapa faktor yang ditentukan dengan dasar                 on several factors that are determined by actuarial
  aktuarial berdasarkan beberapa asumsi. Asumsi                basis based on several assumptions. Assumptions
  yang     digunakan      untuk   menentukan    biaya          used to determine net pension cost (income) include
  (penghasilan) pension neto mencakup tingkat                  the discount rate and salary increase rate. Changes
  diskonto dan tingkat kenaikan gaji. Perubahan                in these assumptions will affect the carrying amount
  asumsi ini akan mempengaruhi jumlah tercatat                 of post-employment benefits and pension expenses.
  imbalan pascakerja dan beban pensiun.

  Kelompok Usaha menentukan tingkat diskonto yang              The Group determines the appropriate discount rate
  sesuai pada akhir periode pelaporan, yakni tingkat           at the end of each reporting period, this is the
  suku bunga yang harus digunakan untuk                        interest rate that should be used to determine the
  menentukan nilai kini arus kas keluar masa depan             present value of estimated future cash outflows
  estimasian yang diharapkan untuk menyelesaikan               expected to be required to settle the obligations. In
  liabilitas. Dalam menentukan tingkat suku bunga              determining the appropriate discount rate, the
  yang sesuai, Kelompok Usaha mempertimbangkan                 Group considers the interest rates of government
  tingkat suku bunga obligasi pemerintah yang                  bonds that are denominated in the currency in which
  didenominasikan dalam mata uang imbalan akan                 the benefits will be paid and that have terms to
  dibayar dan memiliki jangka waktu yang serupa                maturity approximating the terms of the related
  dengan jangka waktu liabilitas yang terkait.                 obligation.

  Asumsi kunci liabilitas imbalan pascakerja dan               Key assumptions used in determining post-
  cadangan dana pensiun lainnya sebagian ditentukan            employment benefit liabilities and other pension
  berdasarkan kondisi pasar saat ini. Informasi                reserves are partly based on current market
  mengenai asumsi dan jumlah liabilitas dan beban              conditions.    Information      regarding  these
  imbalan pascakerja serta dana pensiun diungkapkan            assumptions, as well as the amounts of post-
  pada Catatan 27.                                             employment benefit liabilities, expenses, and
                                                               pension funds, is disclosed in Note 27.
                                                        87
Page 557
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                 ASUMSI           3. SIGNIFICANT  ACCOUNTING   JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan asumsi (lanjutan)                                 Estimates and assumptions (continued)

  Asumsi utama mengenai masa depan dan sumber                    The key assumptions concerning the future and
  kunci lainnya untuk estimasi ketidakpastian pada               other key sources of estimation uncertainty at the
  akhir periode pelaporan yang memiliki risiko                   end of the reporting period that have a significant risk
  signifikan yang menyebabkan penyesuaian material               of causing a material adjustment to the carrying
  terhadap nilai tercatat aset dan liabilitas dalam              amounts of assets and liabilities within the next
  periode pelaporan berikutnya dijabarkan sebagai                financial period are discussed below: (continued)
  berikut: (lanjutan)

  Ketidakpastian Kewajiban Perpajakan                            Uncertain Tax Exposure

  Dalam situasi tertentu, Kelompok Usaha tidak dapat             In certain circumstances, the Group cannot
  menentukan secara pasti jumlah liabilitas pajak                determine with certainty the amount of its current or
  mereka pada saat ini atau masa depan karena                    future tax liabilities due to ongoing examinations or
  proses pemeriksaan, atau negosiasi dengan otoritas             negotiations with the tax authorities.
  perpajakan.

  Ketidakpastian timbul terkait dengan intepretasi dari          Uncertainties exist with respect to the interpretation
  peraturan perpajakan yang kompleks dan jumlah dan              of complex tax regulations and the amount and timing
  waktu dari pendapatan kena pajak di masa depan.                of future taxable income. In determining the amount
  Dalam menentukan jumlah yang harus diakui terkait              to be recognized in respect of an uncertain tax
  dengan liabilitas pajak yang tidak pasti, Kelompok             liability, the Group applies similar considerations as it
  Usaha menerapkan pertimbangan yang sama yang                   would use in determining the amount of
  akan mereka gunakan dalam menentukan jumlah                    a provision to be recognized in accordance with
  cadangan yang harus diakui sesuai dengan PSAK                  PSAK 237: Provisions, Contingent Liabilities and
  237: Provisi, Liabilitas Kontinjensi dan Aset                  Contingent Asset. Income tax is disclosed in
  Kontinjensi. Pajak penghasilan telah diungkapkan               Note 12e.
  dalam Catatan 12e.

  Realisasi dari Aset Pajak Tangguhan                            Realizability of Deferred Tax Assets

  Kelompok Usaha melakukan reviu atas nilai tercatat             The Group reviews the carrying amounts of deferred
  aset pajak tangguhan pada setiap akhir periode                 tax assets at the end of each reporting period and
  pelaporan dan mengurangi nilai tersebut sampai                 reduces these to the extent that it is no longer
  sebesar kemungkinan aset tersebut tidak dapat                  probable that sufficient taxable income will be
  direalisasikan, dimana penghasilan kena pajak yang             available to allow all or part of the deferred tax assets
  tersedia memungkinkan untuk penggunaan seluruh                 to be utilized.
  atau sebagian dari aset pajak tangguhan tersebut.

  Penelaahan Kelompok Usaha atas pengakuan aset                  The Group’s assessment on the recognition of
  pajak tangguhan untuk perbedaan temporer yang                  deferred tax assets on deductible temporary
  dapat dikurangkan didasarkan atas tingkat dan waktu            differences is based on the level and timing of
  dari penghasilan kena pajak yang ditaksirkan untuk             forecasted taxable income of the subsequent
  periode pelaporan berikutnya. Taksiran ini                     reporting periods. This forecast is based on the
  berdasarkan hasil pencapaian Kelompok Usaha di                 Group’s past results and future expectations on
  masa lalu dan ekspektasi di masa depan terhadap                revenues and expenses as well as future tax planning
  pendapatan dan beban, sebagaimana juga dengan                  strategies. However, there is no assurance that the
  strategi perencanaan perpajakan di masa depan.                 Group will generate sufficient taxable income to allow
  Tetapi tidak terdapat kepastian bahwa Kelompok                 all of the deferred tax assets to be utilized.
  Usaha dapat menghasilkan penghasilan kena pajak
  yang cukup untuk memungkinkan penggunaan
  seluruh bagian dari aset pajak tangguhan tersebut.

  Aset (liabilitas) pajak tangguhan diungkapkan dalam            Deferred tax assets (liabilities) are disclosed in
  Catatan 12f.                                                   Note 12f.
                                                          88
Page 558
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                   ASUMSI            3. SIGNIFICANT  ACCOUNTING    JUDGMENTS,
   AKUNTANSI SIGNIFIKAN (lanjutan)                                   ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi (lanjutan)                                    Estimates and Assumptions (continued)

  Asumsi utama mengenai masa depan dan sumber                       The key assumptions concerning the future and other
  kunci lainnya untuk estimasi ketidakpastian pada                  key sources of estimation uncertainty at the end of
  akhir periode pelaporan yang memiliki risiko                      the reporting period that have a significant risk of
  signifikan yang menyebabkan penyesuaian material                  causing a material adjustment to the carrying
  terhadap nilai tercatat aset dan liabilitas dalam                 amounts of assets and liabilities within the next
  periode pelaporan berikutnya dijabarkan sebagai                   financial period are discussed below: (continued)
  berikut: (lanjutan)

  Beban Pajak Kini                                                  Current Tax Expense

  Kelompok Usaha mengakui beban pajak kini                         The Group recognizes current tax expense based on
  berdasarkan estimasi penghasilan kena pajak                      the estimated taxable income for the period
  periode berjalan yang dihitung berdasarkan tarif                 computed using the prevailing tax rates.
  pajak yang berlaku.

  Nilai Wajar Instrumen Keuangan                                    Fair Value of Financial Instruments

  Bila nilai wajar aset keuangan dan liabilitas keuangan            Where the fair value of financial assets and financial
  yang tercatat pada laporan posisi keuangan                        liabilities recorded on the consolidated statement of
  konsolidasian tidak tersedia di pasar aktif, ditentukan           financial position cannot be derived from active
  dengan menggunakan berbagai teknik penilaian                      markets, they are determined using a variety of
  termasuk penggunaan model matematika. Masukan                     valuation techniques that include the use of
  (input) untuk model ini berasal dari data pasar yang              mathematical models. The inputs to these models
  bisa diamati sepanjang data tersebut tersedia. Bila               are derived from observable market data where
  data pasar yang bisa diamati tersebut tidak tersedia,             possible, but where observable market data are not
  pertimbangan       manajemen       diperlukan      untuk          available, management judgment is required to
  menentukan nilai wajar. Pertimbangan tersebut                     establish fair values. The judgments include
  mencakup pertimbangan likuiditas dan masukan                      considerations of liquidity and model inputs such as
  model seperti volatilitas untuk transaksi derivatif yang          volatility for long term derivatives and discount rates,
  berjangka waktu panjang dan tingkat diskonto,                     prepayment rates, and default rate assumptions.
  tingkat pelunasan dipercepat dan asumsi tingkat                   The other disclosures on fair value are presented in
  gagal bayar. Pengungkapan lebih lanjut tentang nilai              Note 40.
  wajar terdapat dalam Catatan 40.




                                                             89
Page 559
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                             PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


4. KAS DAN SETARA KAS                                             4. CASH AND CASH EQUIVALENTS

  Rincian kas dan setara kas adalah sebagai berikut:                 The details of cash and cash equivalents are as
                                                                     follows:
                                       31 Desember 2025/        31 Desember 2024/
                                       December 31, 2025        December 31, 2024

   Kas                                                 18                       34                                 Cash on hand
   Kas di bank                                  5.748.113                7.246.810                                 Cash in banks
   Deposito berjangka                           1.023.500                2.355.890                                 Time deposits

   Jumlah                                       6.771.631                9.602.734                                          Total
   Kas                                                                                                            Cash on hand
    Rupiah                                               16                     32                                   Rupiah
    Dolar AS                                              2                      2                                 US Dollar

   Jumlah kas                                            18                     34                          Total cash on hand
   Kas di bank                                                                                                   Cash in banks
    Rupiah                                                                                                            Rupiah
    Pihak Berelasi (Catatan 41)                 4.717.407                6.144.390                  Related Parties (Note 41)

    Pihak Ketiga                                                                                               Third Parties
      PT Bank Danamon                                                                                  PT Bank Danamon
         Indonesia Tbk.                          506.134                   508.983                       Indonesia Tbk.
      PT Bank DKI                                214.864                   160.388                           PT Bank DKI
      PT Bank Central Asia Tbk.                  126.038                    64.928               PT Bank Central Asia Tbk.
      PT Bank Maybank                                                                                  PT Bank Maybank
         Indonesia Tbk.                                 831                111.715                       Indonesia Tbk.
      PT Bank Pembangunan                                                                         PT Bank Pembangunan
         Daerah Jawa Barat                                                                           Daerah Jawa Barat
         dan Banten Tbk.                                299                 70.145                     dan Banten Tbk.
      Lain-lain (masing-masing                                                                        Others (each below
         dibawah Rp10 miliar)                          5.280                15.744                         Rp10 billion)

    Jumlah rekening Rupiah                      5.570.853                7.076.293                   Total Rupiah accounts
    Dolar AS                                                                                                       US Dollar
    Pihak Berelasi (Catatan 41)                  177.260                   170.517                  Related Parties (Note 41)

    Jumlah rekening Dolar AS                     177.260                   170.517                 Total US Dollar accounts

   Jumlah kas di bank                           5.748.113                7.246.810                          Total cash in banks




                                                           90
Page 560
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


4. KAS DAN SETARA KAS (lanjutan)                               4. CASH AND CASH EQUIVALENTS (continued)

  Rincian kas dan setara kas adalah sebagai berikut:               The details of cash and cash equivalents are as
  (lanjutan)                                                       follows: (continued)

                                      31 Desember 2025/      31 Desember 2024/
                                      December 31, 2025      December 31, 2024

   Deposito berjangka                                                                                        Time deposits
    Rupiah                                                                                                          Rupiah
    Pihak berelasi (Catatan 41)                1.023.500              1.465.890                   Related parties (Note 41)

    Pihak ketiga                                                                                             Third parties
      PT Bank Maybank                                                                                PT Bank Maybank
        Indonesia Tbk.                                  -                 280.000                     Indonesia Tbk.
      PT Bank Pembangunan                                                                       PT Bank Pembangunan
        Daerah Jawa Tengah                              -                 250.000               Daerah Jawa Tengah
      PT Bank Muamalat                                                                              PT Bank Muamalat
        Indonesia Tbk.                                  -                 210.000                      Indonesia Tbk.
      PT Bank Pembangunan                                                                       PT Bank Pembangunan
        Daerah Jawa Barat                                                                         Daerah Jawa Barat
        dan Banten Tbk.                                 -                 100.000                    dan Banten Tbk.
      PT Bank Pembangunan                                                                       PT Bank Pembangunan
        Daerah Jawa Timur Tbk.                          -                  50.000             Daerah Jawa Timur Tbk.

    Jumlah deposito berjangka -                                                                       Total time deposits -
      rekening Rupiah                          1.023.500              2.355.890                        Rupiah accounts

    Jumlah kas dan setara kas                  6.771.631              9.602.734          Total cash and cash equivalents


   Tingkat suku bunga tahunan deposito berjangka                   The annual interest rates on time deposits for the
   untuk tahun yang berakhir pada tanggal                          years ended December 31, 2025 and 2024 are as
   31 Desember 2025 dan 2024 adalah sebagai                        follows:
   berikut:

                                         Tahun yang Berakhir pada Tanggal
                                                   31 Desember/
                                             Year Ended December 31,

                                             2025                  2024
    Rupiah                                 4,00% - 6,00%         3,75% - 7,00%                                       Rupiah

   Pendapatan bunga yang berasal dari kas di bank                  Interest income from cash in banks and time
   dan deposito berjangka disajikan sebagai bagian                 deposits is presented as part of “Finance Income” in
   dari “Penghasilan Keuangan” pada laporan laba rugi              the consolidated statement of profit or loss and other
   dan penghasilan komprehensif lain konsolidasian.                comprehensive income.




                                                        91
Page 561
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


5. KAS YANG DIBATASI PENGGUNAANNYA                               5. RESTRICTED CASH

  Rincian kas yang dibatasi penggunaannya adalah                     The details of restricted cash are as follows:
  sebagai berikut:

                                          31 Desember 2025/    31 Desember 2024/
                                          December 31, 2025    December 31, 2024

   Rupiah                                                                                                              Rupiah
     Pihak berelasi (Catatan 41)                          -               385.215                     Related party (Note 41)

   Jumlah                                                 -               385.215                                         Total


  Kas yang dibatasi penggunaannya pada PT Bank                       Restricted cash held at PT Bank Tabungan Negara
  Tabungan Negara (Persero), Tbk. (“BTN”)                            (Persero) Tbk. (“BTN”) represents funds placed as
  merupakan dana yang ditempatkan sebagai jaminan                    collateral for the issuance facility of Domestic
  atas fasilitas penerbitan Surat Kredit Berdokumen                  Documentary Credit (“SKBDN”), based on the
  Dalam Negeri (“SKBDN”) berdasarkan perjanjian                      non-cash credit agreements between BTN and the
  kredit nontunai antara BTN dan Perusahaan (dahulu                  Company (formerly AP1), as stipulated in
  AP1) masing-masing sebagaimana tercantum dalam                     Agreements No. 01/PK/CSTD/CB2/II/2023 and No.
  Perjanjian No. 01/PK/CSTD/CB2/II/2023 dan No.                      SP.DK.0013/KU.11/2023. The facility is used to
  SP.DK.0013/KU.11/2023.        Fasilitas     tersebut               settle invoices for infrastructure development work
  digunakan untuk pembayaran tagihan pekerjaan                       at Kulon Progo International Airport payable to PP
  pembangunan infrastruktur di Bandar Udara                          KSO amounting to Rp385,215 (Note 20), which will
  Internasional Kulon Progo kepada PP KSO dengan                     mature on February 24, 2025. Under this scheme,
  nilai sebesar Rp385.215 (Catatan 20), yang akan                    the Vendor is entitled to request accelerated
  jatuh tempo pada 24 Februari 2025. Dalam skema ini,                payment from the Bank for liabilities that are
  Vendor       berhak     mengajukan      permohonan                 obligations of the Company (formerly AP1).
  pembayaran dipercepat kepada Bank atas utang
  yang menjadi kewajiban Perusahaan (dahulu AP1).

  Pada tanggal 24 Februari 2025, Perusahaan telah                    On February 24, 2025, the Company made a
  melakukan pelunasan kepada BTN sebesar                             repayment to BTN amounting to Rp385,215.
  Rp385.215.

6. INVESTASI JANGKA PENDEK                                       6. SHORT-TERM INVESTMENTS

  Investasi jangka pendek terdiri dari:                              Short term investments consists of:

                                          31 Desember 2025/    31 Desember 2024/
                                          December 31, 2025    December 31, 2024

   Obligasi                                          72.089                69.506                                      Bonds
   Reksa dana                                        49.442                40.488                                 Mutual funds


   Jumlah investasi jangka pendek                   121.531               109.994              Total short-term investments




                                                          92
Page 562
                                                                           The original consolidated financial statements included herein
                                                                                                             are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                   PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


6. INVESTASI JANGKA PENDEK (lanjutan)                                 6. SHORT-TERM INVESTMENTS (continued)

  a. Obligasi yang Diukur pada Nilai Wajar Melalui                           a. Bonds Measured at Fair Value Through Other
     Penghasilan Komprehensif Lain                                              Comprehensive Income

                                           31 Desember 2025/       31 Desember 2024/
                                           December 31, 2025       December 31, 2024

       Rupiah                                                                                                                    Rupiah
       Pihak berelasi (Catatan 41)                                                                             Related parties (Note 41)
       Obligasi Negara Tahun                                                                                    Government Bond Year
          2007 Seri FR0047                             30.000                      30.000                        2007 Series FR0047
       Obligasi Negara Tahun                                                                                    Government Bond Year
          2007 Seri FR0045                             15.150                      15.150                        2007 Series FR0045
       Obligasi Negara Tahun                                                                                    Government Bond Year
          2005 Seri FR0082                               5.000                      5.000                        2005 Series FR0082

        Dolar AS                                                                                                              US Dollar
        Pihak berelasi (Catatan 41)                                                                            Related parties (Note 41)
        Obligasi Negara Tahun                                                                                   Government Bond Year
          2018 Seri RI0148                             15.416                      15.416                         2018 Series RI0148

        Jumlah                                         65.566                      65.566                                          Total
        Kenaikan neto aset                                                                                          Net increase in value
          keuangan yang diukur                                                                            of financial assets measured
          pada nilai wajar                                                                                                  at fair value
          melalui penghasilan                                                                                             through other
          komprehensif lain                              6.523                      3.940                       comprehensive income

        Jumlah                                         72.089                      69.506                                          Total

        Keuntungan (kerugian)                                                                                     Unrealized gain (loss)
          yang belum direalisasi                                                                                 from financial assets
          dari aset keuangan                                                                                              measured at
          yang diukur pada nilai                                                                                    fair value through
          wajar melalui penghasilan                                                                              other comprehensive
          komprehensif lain:                                                                                                   income:
          31 Desember 2025                               6.523                           -                        December 31, 2025
          31 Desember 2024                              (3.940)                      3.940                        December 31, 2024
          31 Desember 2023                                   -                      (6.472)                       December 31, 2023

        Jumlah                                           2.583                      (2.532)                                      Total


      Rincian nilai wajar obligasi adalah sebagai berikut:                       The details of fair value for bonds are as follows:
                                           31 Desember 2025/December 31, 2025

                                  Nilai Perolehan/     Nilai Pasar/               Kenaikan/
                                 Acquisition Value     Market Value               Increase

        Obligasi Negara Tahun                                                                                      Government Bond Year
          2007 Seri FR0047                  30.000                32.871                  2.871                     2007 Series FR0047
        Obligasi Negara Tahun                                                                                      Government Bond Year
          2018 Seri RI0148                  15.416                14.575                    (841)                    2018 Series RI0148
        Obligasi Negara Tahun                                                                                      Government Bond Year
          2007 Seri FR0045                  15.150                19.380                  4.230                     2007 Series FR0045
        Obligasi Negara Tahun                                                                                      Government Bond Year
          2005 Seri FR0082                   5.000                 5.263                      263                   2005 Series FR0082

        Jumlah                              65.566                72.089                  6.523                                    Total




                                                              93
Page 563
                                                                              The original consolidated financial statements included herein
                                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


6. INVESTASI JANGKA PENDEK (lanjutan)                                     6. SHORT-TERM INVESTMENTS (continued)

   a. Obligasi yang Diukur pada Nilai Wajar Melalui                             a. Bonds Measured at Fair Value Through Other
      Penghasilan Komprehensif Lain (lanjutan)                                     Comprehensive Income (continued)

     Rincian nilai wajar obligasi adalah sebagai                                    The details of fair value for bonds are as follows:
     berikut: (lanjutan)                                                            (continued)

                                          31 Desember 2024/December 31, 2024

                                 Nilai Perolehan/          Nilai Pasar/              Kenaikan/
                                Acquisition Value          Market Value              Increase

        Obligasi Negara Tahun                                                                                        Government Bond Year
          2007 Seri FR0047                 30.000                  32.565                    2.565                   2007 Series FR0047
        Obligasi Negara Tahun                                                                                        Government Bond Year
          2018 Seri RI0148                 15.416                  13.539                   (1.877)                   2018 Series RI0148
        Obligasi Negara Tahun                                                                                        Government Bond Year
          2007 Seri FR0045                 15.150                  18.417                    3.267                   2007 Series FR0045
        Obligasi Negara Tahun                                                                                        Government Bond Year
          2005 Seri FR0082                  5.000                     4.985                      (15)                2005 Series FR0082

        Jumlah                             65.566                  69.506                    3.940                                    Total



  b. Reksa Dana yang Diukur pada Nilai Wajar                                    b. Mutual Funds Measured               at    Fair   Value
     Melalui Laba Rugi                                                             Through Profit or Loss

                                        31 Desember 2025/                        31 Desember 2024/
                                        December 31, 2025                        December 31, 2024

                                 Nilai Nominal/     Nilai Tercatat/    Nilai Nominal/      Nilai Tercatat/
                                 Nominal Value      Carrying Value     Nominal Value       Carrying Value

        Rupiah                                                                                                                     Rupiah
        Pihak ketiga                                                                                                          Third parties
         SAM Indonesia                   31.087              37.759               31.087                31.660             SAM Indonesia
         HPAM Flexi Plus                 10.117              11.683               10.117                 8.828            HPAM Flexi Plus

        Jumlah                           41.204              49.442               41.204                40.488                        Total



   c. Tingkat Suku Bunga                                                        c. Interest Rate
                                             Tahun yang Berakhir pada Tanggal
                                                       31 Desember/
                                                 Year Ended December 31,

                                                    2025                         2024

        Obligasi                              4,35% - 10,00%                  4,35% - 10,00%                                        Bonds




                                                                 94
Page 564
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                             PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


7. PIUTANG USAHA                                                  7. TRADE RECEIVABLES

  Rincian piutang usaha adalah sebagai berikut:                      The details of trade receivables are as follow:

  a. Berdasarkan Pelanggan                                            a. By Customers

                                       31 Desember 2025/        31 Desember 2024/
                                       December 31, 2025        December 31, 2024

        Bagian lancar                                                                                          Current portion
        Pihak berelasi (Catatan 41)                786.498                 594.978                    Related parties (Note 41)
        Cadangan kerugian                                                                                        Allowance for
          penurunan nilai                          (243.550)              (137.932)                         impairment loss

        Jumlah pihak berelasi, neto                542.948                 457.046                   Total related parties, net
        Pihak ketiga                                                                                              Third parties
          PT AirAsia                                                                                             PT AirAsia
             Indonesia Tbk.                        152.023                 119.617                        Indonesia Tbk.
          PT Pixel Komunitas                       122.910                 172.488                      PT Pixel Komunitas
          PT Lion Mentari Airlines                  75.209                  68.865                  PT Lion Mentari Airlines
          PT Insite Media                           70.244                  70.244                          PT Insite Media
          PT Jasa Angkasa                                                                                 PT Jasa Angkasa
             Semesta Tbk.                           59.930                  47.435                         Semesta Tbk.
          PT Dufrindo                                                                                           PT Dufrindo
             Internasional                          52.602                  49.610                          Internasional
          PT Batik Air Indonesia                    41.047                  30.923                   PT Batik Air Indonesia
          PT Super Air Jet Indonesia                32.146                  26.795               PT Super Air Jet Indonesia
          Capital A Berhad                          29.096                  28.237                        Capital A Berhad
          Singapore Airlines Ltd.                   28.307                  23.304                   Singapore Airlines Ltd.
          PT Taurus Gemilang                        25.115                  47.956                     PT Taurus Gemilang
          PT Dharma Bandar Mandiri                   6.639                  20.625               PT Dharma Bandar Mandiri
          Lain-lain                                                                                                  Others
             (dibawah Rp20 miliar)                1.040.778                965.090                   (below Rp20 billion)

        Jumlah pihak ketiga                       1.736.046              1.671.189                            Total third parties
        Cadangan kerugian                                                                                         Allowance for
          penurunan nilai                          (668.431)              (806.870)                          impairment loss

        Jumlah pihak ketiga, neto                 1.067.615                864.319                      Total third parties, net

        Jumlah piutang usaha                                                                           Total trade receivables
          bagian lancar, neto                     1.610.563              1.321.365                      current portion, net

        Bagian tidak lancar                                                                               Non-current portion

        Pihak berelasi (Catatan 41)               1.133.428              1.201.622                    Related parties (Note 41)
        Cadangan kerugian                                                                                        Allowance for
          penurunan nilai                          (772.686)              (825.205)                         impairment loss

        Jumlah pihak berelasi, neto                360.742                 376.417                   Total related parties, net
        Pihak ketiga                                                                                              Third parties
          PT Pixel Komunitas                        43.545                       -                       PT Pixel Komunitas
          PT Sriwijaya Air                          38.062                  29.937                          PT Sriwijaya Air
          PT Taurus Gemilang                        15.298                       -                      PT Taurus Gemilang

        Jumlah pihak ketiga                         96.905                  29.937                            Total third parties
        Cadangan kerugian                                                                                         Allowance for
          penurunan nilai                           (75.959)               (15.524)                          impairment loss

        Jumlah pihak ketiga, neto                   20.946                  14.413                      Total third parties, net
        Jumlah piutang usaha                                                                          Total trade receivables
          tidak lancar, neto                       381.688                 390.830                  non-current portion, net

        Jumlah piutang usaha, neto                1.992.251              1.712.195                Total trade receivables, net


                                                           95
Page 565
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


7. PIUTANG USAHA (lanjutan)                                   7. TRADE RECEIVABLES (continued)

  Rincian piutang usaha adalah sebagai berikut:                  The details of trade receivables are as follow:
  (lanjutan)                                                     (continued)

  b. Berdasarkan Umur                                             b. By Aging

                                     31 Desember 2025/      31 Desember 2024/
                                     December 31, 2025      December 31, 2024

        Belum jatuh tempo                     1.045.413                895.623                                Not yet due
        Lewat jatuh tempo:                                                                                      Overdue:
          1 - 30 hari                           164.895                137.540                              1 - 30 days
          31 - 60 hari                           46.264                 48.219                             31 - 60 days
          61 - 90 hari                           34.139                 38.064                             61 - 90 days
          91 - 180 hari                         118.179                 71.214                            91 - 180 days
          181 - 365 hari                        107.478                130.432                          181 - 365 days
          Lebih dari 365 hari                 2.236.509              2.176.634                      More than 365 days

        Jumlah                                3.752.877              3.497.726                                      Total
        Cadangan kerugian                                                                                  Allowance for
          penurunan nilai                     (1.760.626)           (1.785.531)                         impairment loss

        Jumlah neto                           1.992.251              1.712.195                               Net amount


  c. Berdasarkan Mata Uang                                        c. By Currencies

                                     31 Desember 2025/      31 Desember 2024/
                                     December 31, 2025      December 31, 2024

        Rupiah                                3.640.275              3.389.822                                    Rupiah
        Dolar AS                                112.602                107.904                                  US Dollar

        Jumlah                                3.752.877              3.497.726                                      Total
        Cadangan kerugian                                                                                  Allowance for
          penurunan nilai                     (1.760.626)           (1.785.531)                         impairment loss

        Jumlah neto                           1.992.251              1.712.195                               Net amount


     Mutasi penyisihan penurunan nilai piutang usaha                  The movements of the allowance for
     adalah sebagai berikut:                                          impairment loss of trade receivables are as
                                                                      follows:

                                     31 Desember 2025/      31 Desember 2024/
                                     December 31, 2025      December 31, 2024

        Saldo awal tahun                      1.785.531              2.665.645               Balance at beginning of year
        Pemulihan tahun berjalan                (24.905)              (173.210)                    Recovery for the year
        Dekonsolidasi                                 -               (706.904)                          Deconsolidation

        Saldo akhir tahun                     1.760.626              1.785.531                Balance at the end of year




                                                       96
Page 566
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


7. PIUTANG USAHA (lanjutan)                                    7. TRADE RECEIVABLES (continued)

   Piutang kepada PT Garuda Indonesia (Persero) Tbk.              Receivables from PT Garuda Indonesia (Persero)
   (“Garuda”) sebesar Rp703.639 telah diklasifikasikan            Tbk. (“Garuda”) amounting to Rp703,639 have been
   sebagai piutang macet dan direklasifikasi ke akun              classified as non-performing and reclassified to
   Piutang Usaha Tidak Lancar. PT Garuda Indonesia                Non-Current Trade Receivables. PT Garuda
   (Persero) Tbk. sebelumnya telah mengajukan                     Indonesia (Persero) Tbk. previously filed for a
   Penundaan Kewajiban Pembayaran Utang (PKPU),                   Suspension of Debt Payment Obligations (PKPU),
   yang disetujui oleh Pengadilan Niaga pada                      which was approved by the Commercial Court at the
   Pengadilan Negeri Jakarta Pusat pada tanggal 20                Central Jakarta District Court on June 20, 2022.
   Juni    2022.    Berdasarkan    PKPU      tersebut,            Under the PKPU decision, the receivable payment
   pembayaran piutang oleh Garuda akan dilakukan                  from Garuda will be settled in a one-time payment in
   sekaligus, yaitu pada tahun ke-22 setelah tanggal              the 22nd year after the date of the ruling.
   putusan.

   Piutang kepada Gapura sebesar Rp322.789 telah                  Receivables from Gapura amounting to Rp322,789
   dinyatakan macet dan telah direklasifikasi ke akun             have been classified as non-performing and
   Piutang Usaha Tidak Lancar. Gapura dan                         reclassified into Non-Current Trade Receivables.
   Perusahaan telah menyepakati penjadwalan ulang                 Gapura and the Company agreed on a debt
   (reschedule) pembayaran utang pada tanggal                     rescheduling arrangement dated December 9,
   9 Desember 2024. Berdasarkan perjanjian tersebut,              2024. Under the agreement, the receivable will be
   pembayaran piutang akan dilakukan secara                       settled in installments up to November 30, 2034.
   angsuran sampai dengan tanggal 30 November                     The movement in the non-current trade receivable
   2034. Pergerakan saldo piutang usaha tidak lancar              balance during the year reflects payments received
   pada tahun berjalan disebabkan oleh penerimaan                 in 2025 and the reclassification to current
   pembayaran pada tahun 2025 serta reklasifikasi ke              receivables for the portion that will fall due and be
   piutang jangka pendek atas bagian yang jatuh tempo             settled in 2026.
   dan akan dibayarkan pada tahun 2026.

   Piutang kepada GMF sebesar Rp187.899 telah                     Receivables from GMF amounting to Rp187,899
   dinyatakan macet dan telah direklasifikasi ke akun             have been classified as non-performing and
   Piutang Usaha Tidak Lancar. GMF dan Perusahaan                 reclassified into Non-Current Trade Receivables.
   telah menyepakati penjadwalan ulang (reschedule)               GMF and the Company agreed on a debt
   pembayaran utang pada tanggal 20 Desember 2024                 rescheduling arrangement on December 20, 2024,
   dengan pembayaran awal sebesar Rp40.768.                       which included an initial payment of Rp40,768.
   Berdasarkan perjanjian tersebut, pembayaran                    Under the agreement, the receivable will be settled
   piutang akan dilakukan secara angsuran sampai                  in installments up to December 31, 2028. The
   dengan tanggal 31 Desember 2028. Pergerakan                    movement in the non-current trade receivable
   saldo piutang usaha tidak lancar pada tahun berjalan           balance during the year reflects payments received
   disebabkan oleh penerimaan pembayaran pada                     in 2025 and the reclassification to current
   tahun 2025 serta reklasifikasi ke piutang jangka               receivables for the portion that will fall due and be
   pendek atas bagian yang jatuh tempo dan akan                   settled in 2026.
   dibayarkan pada tahun 2026.

   Piutang kepada PT Aerofood Indonesia (“Aerofood”)              Receivables from PT Aerofood Indonesia
   sebesar Rp121.213 telah dinyatakan macet dan                   (“Aerofood”) amounting to Rp121,213 have been
   telah direklasifikasi ke akun Piutang Usaha Tidak              classified as non-performing and reclassified into
   Lancar. Aerofood sebelumnya telah mengajukan                   Non-Current        Trade    Receivables.      Aerofood
   PKPU, yang disetujui oleh Pengadilan Niaga pada                previously filed for a PKPU, which was approved by
   Pengadilan Negeri Jakarta Pusat pada tanggal 20                the Commercial Court at the Central Jakarta District
   Juli 2022. Berdasarkan PKPU tersebut, pembayaran               Court on July 20, 2022. Under the PKPU decision,
   piutang oleh Aerofood akan dilakukan secara                    the receivable from Aerofood will be settled in
   angsuran sampai dengan 20 Juli 2032. Pergerakan                installments up to July 20, 2032. The movement in
   saldo piutang usaha tidak lancar pada tahun berjalan           the non-current trade receivable balance during the
   disebabkan oleh penerimaan pembayaran pada                     year reflects payments received in 2025 and the
   tahun 2025 serta reklasifikasi ke piutang jangka               reclassification to current receivables for the portion
   pendek atas bagian yang jatuh tempo dan akan                   that will fall due and be settled in 2026.
   dibayarkan pada tahun 2026.


                                                          97
Page 567
                                                                       The original consolidated financial statements included herein
                                                                                                         are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


7. PIUTANG USAHA (lanjutan)                                          7. TRADE RECEIVABLES (continued)

   Piutang kepada PT Sriwijaya Air (“Sriwijaya”)                         Receivables from PT Sriwijaya Air (“Sriwijaya”)
   sebesar Rp87.851 telah dinyatakan macet dan telah                     amounting to Rp87,851 have been classified as non-
   direklasifikasi ke akun Piutang Usaha Tidak Lancar.                   performing and reclassified into Non-Current Trade
   PT Sriwijaya Air sebelumnya telah mengajukan                          Receivables. PT Sriwijaya Air previously filed for
   PKPU, yang disetujui oleh Pengadilan Niaga pada                       a PKPU, which was approved by the Commercial
   Pengadilan Negeri Jakarta Pusat pada tanggal                          Court at the Central Jakarta District Court on July 11,
   11 Juli 2023. Berdasarkan PKPU tersebut,                              2023. Under the PKPU decision, the receivable from
   pembayaran piutang oleh Sriwijaya akan dilakukan                      Sriwijaya will be settled in installments up to the year
   secara angsuran sampai dengan tahun 2037.                             2037.

   Berdasarkan hasil penelaahan terhadap adanya                          Based on the results of review on impairment at the
   penurunan nilai pada akhir tahun, manajemen                           end of the year, the management believes that the
   berkeyakinan bahwa penyisihan atas penurunan                          above allowance for impairment of trade receivables
   nilai piutang usaha di atas cukup untuk menutup                       is sufficient to cover losses from impairment of such
   kerugian atas penurunan nilai piutang tersebut.                       receivables.

   Pada tanggal 31 Desember 2025 dan 2024, tidak ada                    On December 31, 2025 and 2024, there were no
   piutang usaha yang dijaminkan.                                       trade receivables pledged as collateral.


8. PIUTANG LAIN-LAIN                                                 8. OTHER RECEIVABLES

  Rincian piutang lain-lain adalah sebagai berikut:                      The details of other receivables are as follow:

  a. Berdasarkan Jenis                                                   a. By Type

                                        31 Desember 2025/          31 Desember 2024/
                                        December 31, 2025          December 31, 2024

     Dana talangan                                    188.886                 172.660                               Advance funds
     Dividen                                          132.465                 157.500                                     Dividend
     Pengembalian                                                                                                    Management
        management fee                                 80.180                       -                                fee refund
     Pajak Penghasilan Pasal 21                        48.746                  48.746                         Income Tax Article 21
     Pegawai                                            1.441                   1.863                                  Employees
     Jaminan                                               45                      45                                  Guarantees
     Lain-lain                                         31.789                  10.822                                       Others

     Subjumlah                                        483.552                 391.636                                     Subtotal
     Cadangan kerugian                                                                                                Allowance for
       penurunan nilai                                (207.950)              (213.189)                           impairment loss

     Jumlah neto                                      275.602                 178.447                                  Net amount




                                                              98
Page 568
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


8. PIUTANG LAIN-LAIN (lanjutan)                                 8. OTHER RECEIVABLES (continued)

  Rincian piutang lain-lain adalah sebagai berikut:                 The details of other receivables are as follow:
  (lanjutan)                                                        (continued)

  b. Berdasarkan Pelanggan                                          b. By Customers
                                       31 Desember 2025/      31 Desember 2024/
                                       December 31, 2025      December 31, 2024

        Pihak berelasi (Catatan 41)               416.396                334.643                    Related parties (Note 41)
        Pihak ketiga                                                                                              Third parties
          Pajak Penghasilan Pasal 21               48.746                 48.746                      Income Tax Article 21
          Kalstar Aviation                          1.890                  1.890                             Kalstar Aviation
          Rahmadi                                   1.370                  1.370                                   Rahmadi
          Lain-lain                                                                                                   Others
           (dibawah Rp1 miliar)                    15.150                  4.987                        (below Rp1 billion)

        Jumlah pihak ketiga                        67.156                 56.993                          Total third parties
        Cadangan kerugian                                                                                      Allowance for
          penurunan nilai                        (207.950)              (213.189)                           impairment loss

        Jumlah neto                               275.602                178.447                                 Net amount


  c. Berdasarkan Umur                                               c. By Aging

                                       31 Desember 2025/      31 Desember 2024/
                                       December 31, 2025      December 31, 2024

        Kurang dari 1 tahun                        51.014                 53.663                            Less than 1 year
        1-2 tahun                                 246.869                170.917                                   1-2 years
        2-3 tahun                                  36.355                 25.863                                   2-3 years
        Lebih dari 3 tahun                        149.314                141.193                           More than 3 years

        Jumlah                                    483.552                391.636                                        Total
        Cadangan kerugian                                                                                      Allowance for
          penurunan nilai                        (207.950)              (213.189)                           impairment loss

        Jumlah neto                               275.602                178.447                                 Net amount


   Mutasi penyisihan penurunan nilai piutang lain-lain             The movements of the allowance for impairment loss
   adalah sebagai berikut:                                         of other receivables are as follows:

                                       31 Desember 2025/      31 Desember 2024/
                                       December 31, 2025      December 31, 2024

    Saldo awal tahun                              213.189                101.466                 Balance at beginning of year
    (Pemulihan) penyisihan                                                                             (Recovery) allowance
      tahun berjalan                               (5.239)                63.388                        for the current year
    Dekonsolidasi                                       -                 48.335                              Deconsolidation

    Saldo akhir tahun                             207.950                213.189                  Balance at the end of year




                                                         99
Page 569
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


8. PIUTANG LAIN-LAIN (lanjutan)                               8. OTHER RECEIVABLES (continued)

   Piutang dana talangan berasal dari:                           Receivables arising from advance funds derive from:
   a) BIJB dan Injourney atas pembayaran gaji                    a) BIJB and Injourney for seconded employees
      karyawan perbantuan yang dibayarkan terlebih                  salary payments made in advance by the
      dahulu oleh Perusahaan.                                       Company.
   b) IASS dan Perum Lembaga Penyelenggara                       b) IASS and Perum Lembaga Penyelenggara
      Pelayanan Navigasi Penerbangan Indonesia                      Pelayanan Navigasi Penerbangan Indonesia
      (“LPPNPI”) atas pembayaran pajak, listrik, air,               (“LPPNPI”) for tax, electricity, water, and BPJS
      dan BPJS yang dibayarkan terlebih dahulu oleh                 payments made in advance by the Company.
      Perusahaan.

  Piutang dividen merupakan jumlah yang berhak                   Dividend receivables represent the amounts entitled
  diterima oleh Perusahaan atas pembagian dividen                to be received by the Company from dividend
  yang pembayarannya belum diselesaikan oleh IAS                 distributions that have not yet been settled by IAS and
  dan IASS.                                                      IASS.

  Piutang pengembalian management fee merupakan                  The refundable management fee receivable
  jumlah pembayaran management fee tahun 2023                    represents the amount of the 2023 management fee
  yang telah dibayarkan oleh Perusahaan (dahulu AP2)             previously paid by the Company (formerly AP2) to
  kepada     Injourney,   yang    selanjutnya   akan             Injourney, which will subsequently be reimbursed by
  dikembalikan oleh Injourney kepada Perusahaan                  Injourney to the Company (Note 36).
  (Catatan 36).

  Piutang PPh 21 merupakan kelebihan pembayaran                  The Income Tax Article 21 receivable represents the
  Pajak Penghasilan Pasal 21 yang muncul akibat                  overpayment of Article 21 Income Tax arising from
  penerapan skema perhitungan Tarif Efektif Rata-                the application of the Average Effective Rate (“TER”)
  Rata (“TER”) sebagaimana diatur dalam Peraturan                calculation scheme as stipulated in Ministry of
  Menteri Keuangan No. 168 Tahun 2023. Kelebihan                 Finance Regulation No. 168 of 2023. The
  pembayaran tersebut terkait dengan pegawai                     overpayment relates to the Company’s employees
  Perusahaan (dahulu AP1) dan akan diselesaikan                  (formerly AP1) and will be settled upon the
  setelah proses penutupan Nomor Pokok Wajib Pajak               completion of the closure process of the Company’s
  Perusahaan (dahulu AP1) selesai.                               (formerly AP1) Taxpayer Identification Number.

  Berdasarkan hasil penelaahan terhadap adanya                   Based on the results of review for impairment at the
  penurunan nilai pada akhir tahun, manajemen                    end of the year, the management believes that the
  berkeyakinan bahwa penyisihan atas penurunan nilai             above allowance for impairment of other receivables
  piutang lain-lain di atas cukup untuk menutup                  is sufficient to cover losses from impairment of such
  kerugian atas penurunan nilai piutang lain-lain                other receivables.
  tersebut.

9. PERSEDIAAN                                                 9. INVENTORIES

  Akun ini terutama merupakan persediaan dalam                   This account mainly consists of inventory in the form
  bentuk bahan bakar, alat kantor dan percetakan,                of fuel, office supplies and equipment, water
  perlengkapan listrik dan air, peralatan pemadam                equipment and supplies, fire-fighting equipment, and
  kebakaran, dan suku cadang pemeliharaan.                       maintenance spare parts.

  Saldo akun ini pada tanggal 31 Desember 2025 dan               The outstanding balance of this account as of
  2024 masing-masing sebesar Rp24.866 dan                        December 31, 2025 and 2024 is amounting to
  Rp22.542.                                                      Rp24,866 and Rp22,542, respectively.




                                                        100
Page 570
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


9. PERSEDIAAN (lanjutan)                                         9. INVENTORIES (continued)

  Pada tanggal 31 Desember 2025 dan 2024,                            As of December 31, 2025 and 2024, allowance for
  cadangan penyisihan atas kondisi keusangan                         obsolescence in inventories is amounting to RpNil,
  persediaan masing-masing sebesar RpNihil.                          respectively.

  Kelompok Usaha berkeyakinan bahwa nilai tercatat                   The Group believes that the carrying values of the
  atas persediaan tidak melebihi nilai realisasi netonya             inventories do not exceed their net realizable values
  pada tanggal 31 Desember 2025 dan 2024.                            as of December 31, 2025 and 2024.

  Pada tanggal 31 Desember 2025 dan 2024, tidak                      As of December 31, 2025 and 2024, there are no
  terdapat persediaan yang dijaminkan sehubungan                     guaranteed inventory in respect of any liability and no
  dengan liabilitas apapun dan tidak terdapat                        insured inventories by the Group.
  persediaan yang diasuransikan oleh Kelompok
  Usaha.

10. UANG MUKA DAN BIAYA DIBAYAR DI MUKA                          10. ADVANCES AND PREPAID EXPENSES

  Uang muka dan biaya dibayar di muka terdiri dari:                  Advances and prepaid expenses consist of:
                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

   Uang muka karyawan                                  7.864                8.029                     Advances for employees
   Asuransi                                            5.975                9.095                                   Insurance
   Uang muka operasional                               3.526                6.594                     Advances for operational
   Lain-lain (dibawah Rp5 miliar)                      2.619                2.177               Others (each below Rp5 billion)

   Jumlah                                             19.984               25.895                                         Total


  Uang muka karyawan terutama merupakan uang                         Advances from employees primarily represent funds
  muka yang diberikan kepada karyawan dalam rangka                   provided to employees for official business travel,
  pelaksanaan perjalanan dinas ke luar kota maupun                   both domestic and international.
  ke luar negeri.

  Asuransi terutama merupakan asuransi dibayar di                    Insurance primarily represent of prepaid expenses
  muka atas aset tetap Kelompok Usaha (Catatan 15).                  insurance for fixed assets of the Group (Note 15).

  Uang muka operasional merupakan uang muka                          Advances for operational represent prepayments
  sehubungan dengan persekot untuk mendukung                         provided in relation to advances issued to support the
  kelancaran kegiatan operasional unit kerja.                        smooth execution of the operational activities of work
                                                                     units.

11. ASET KONTRAK                                                 11. CONTRACT ASSETS

  Aset kontrak terdiri dari:                                         Contract assets consist of:

                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

   Aeronautika                                     337.183                258.997                                Aeronautical
   Non-aeronautika                                  12.353                 22.891                            Non-aeronautical
   Nonusaha                                          1.739                  2.392                              Non-operating

   Subjumlah                                       351.275                284.280                                    Subtotal
   Cadangan kerugian                                                                                            Allowance for
      penurunan nilai                               (15.933)              (20.018)                           impairment loss

   Jumlah neto                                     335.342                264.262                                 Net amount




                                                           101
Page 571
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


11. ASET KONTRAK (lanjutan)                                        11. CONTRACT ASSETS (continued)

  Aset kontrak untuk aeronautika merupakan                            Contract assets for the aeronautical segment
  pendapatan yang masih akan diterima terkait                         represent the rights to consideration that have not yet
  Pendapatan Jasa Pendaratan, Penempatan dan                          been received, arising from Landing Services,
  Penyimpanan    Pesawat     Udara    (“PJP4U”),                      Aircraft Placement and Storage Services (“PJP4U”),
  Pendapatan Jasa Penumpang Pesawat Udara                             Passenger Aircraft Services (“PJP2U”), Air Cargo
  (“PJP2U”), Pendapatan Jasa Kargo dan Pos                            and Postal Services (“PJKP2U”), aviobridge
  Pesawat Udara (“PJKP2U”), jasa aviobridge, dan                      services, and extended fees.
  extended fee.
  Aset kontrak untuk nonaeronautika merupakan                         Contract assets for the non-aeronautical represent
  pendapatan yang masih akan diterima terkait                         the rights to consideration that have not yet been
  penyewaan ruang, penggunaan jasa pergudangan,                       received, arising from space rental, warehouse
  jasa logistik, sewa tanah, bagi hasil, layanan parkir,              service usage, logistics services, land lease,
  serta pemakaian listrik, telepon, air, dan jasa lainnya.            revenue-sharing arrangements, parking services,
                                                                      and the consumption of electricity, telephone, water,
                                                                      and other related services.
  Aset kontrak nonusaha terutama merupakan akrual                     The non-operating contract assets mainly consist of
  atas pendapatan bunga deposito berjangka dan                        accruals for interest income from time deposits and
  pendapatan nonusaha.                                                non-operating income.
   Berdasarkan hasil penelaahan terhadap adanya                       Based on the results of review on impairment at the
   penurunan nilai pada akhir tahun, manajemen                        end of the year, the management believes that the
   berkeyakinan bahwa penyisihan atas penurunan nilai                 above allowance for impairment of contract assets
   aset kontrak di atas cukup untuk menutup kerugian                  sufficient to cover losses from impairment of such
   atas penurunan nilai aset kontrak tersebut.                        contract assets.

12. PERPAJAKAN                                                     12. TAXATION

  a. Pajak Dibayar di Muka                                            a. Prepaid Taxes

      Akun ini terdiri dari:                                              This account consist of:

                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024

         Entitas Anak dan                                                                                      Subsidiary and
           Operasi Bersama                                                                                  Joint Operation
           Pajak Pertambahan Nilai                      9.065                     -                         Value Added Tax
           Lainnya                                      1.448                     -                                  Others

         Jumlah                                        10.513                     -                                       Total


  b. Estimasi Tagihan Restitusi Pajak                                 b. Estimated Claims for Tax Refund

      Akun ini terdiri dari:                                              This account consist of:
                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024

         Perusahaan                                                                                              The Company
           Pajak penghasilan:                                                                                   Income taxes:
           - Tahun pajak 2025                        551.986                     -                          Fiscal year 2025 -
           - Tahun pajak 2024                        630.264               635.429                          Fiscal year 2024 -
           - Tahun pajak 2023                              -               477.028                          Fiscal year 2023 -

           Subjumlah                                1.182.250            1.112.457                                   Subtotal

         Entitas Anak dan                                                                                      Subsidiary and
           dan Operasi Bersama                                                                               Joint Operation
           Pajak penghasilan                           18.564               10.833                              Income taxes
         Jumlah                                     1.200.814            1.123.290                                        Total


                                                             102
Page 572
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                        12. TAXATION (continued)

  b. Estimasi Tagihan Restitusi Pajak (lanjutan)                    b. Estimated        Claims       for     Tax      Refund
                                                                       (continued)

     Perusahaan                                                         The Company

     Pengembalian Pajak Penghasilan Badan 2022                          Claim for Corporate Income Tax 2022

     Pada tanggal 25 April 2024, Perusahaan (dahulu                     On April 25, 2024, the Company (formerly AP2)
     AP2) menerima Surat Ketetapan Pajak Lebih                          received an Overpayment Tax Assessment Letter
     Bayar (“SKPLB”) atas pajak badan tahun 2022                        (“SKPLB”) for corporate income tax for fiscal year
     sebesar Rp94.941 dari yang dilaporkan pada surat                   2022 amounting to Rp94,941, compared to
     pemberitahuan pajak sebesar Rp94.944. Atas                         Rp94,944 reported in the annual tax return. As a
     ketetapan pajak tersebut, terdapat penurunan rugi                  result of this assessment, there was a reduction
     fiskal yang dapat dikompensasikan dalam lima                       in the fiscal loss that can be carried forward over
     tahun mendatang sebesar Rp337.226.                                 the next five years amounting to Rp337,226.

     Disamping itu, terdapat temuan pajak kurang bayar                  Furthermore,      there   were    findings   of
     terhadap    Pajak    Penghasilan     dan    Pajak                  underpayments taxes on Income Taxes and
     Pertambahan Nilai (“PPN”), sehingga nilai restitusi                Value Added Tax (“VAT”) for the year 2022. As a
     yang diterima oleh Perusahaan (dahulu AP2) pada                    result, the restitution amount received by the
     tanggal 3 Juni 2024 adalah Rp65.652.                               Company (formerly AP2) on June 3, 2024, was
                                                                        Rp65,652.

     Pengembalian Pajak Penghasilan Badan 2023                          Claim for Corporate Income Tax 2023

     Pada tahun 2025, Perusahaan mengakui beban                         For the year 2025, the Company recognized other
     pajak lainnya sebesar Rp2.292 yang timbul dari                     tax expenses amounting to Rp2,292, arising from
     perbedaan pelaporan antara surat pemberitahuan                     differences in reporting between the corporate
     pajak penghasilan badan dengan catatan                             income tax returns and its accounting records.
     akuntansi Perusahaan.

     Pada tanggal 16 Mei 2025, Perusahaan menerima                      On May 16, 2025, the Company received a
     SKPLB atas pajak badan tahun 2023 sebesar                          SKPLB for corporate income tax for fiscal year
     Rp474.678 dari yang dilaporkan pada surat                          2023 amounting to Rp474,678, compared to
     pemberitahuan pajak Rp474.736. Atas ketetapan                      Rp474,736 reported in the annual tax return. As a
     pajak tersebut, terdapat penurunan rugi fiskal yang                result of this assessment, there was a reduction
     dapat dikompensasikan dalam lima tahun                             in the fiscal loss that can be carried forward over
     mendatang sebesar Rp151.888.                                       the next five years amounting to Rp151,88

     Disamping itu, terdapat temuan pajak kurang bayar                  Furthermore,   there   were    findings    of
     terhadap Pajak Penghasilan dan PPN, sehingga                       underpayments taxes on the subject of Income
     nilai restitusi yang diterima oleh Perusahaan pada                 Taxes and VAT. As a result, the restitution
     tanggal 18 Juni 2025 adalah Rp432.818.                             amount received by the Company on June 18,
                                                                        2025 was Rp432,818.

     Pengembalian Pajak Penghasilan Badan 2024                          Claim for Corporate Income Tax 2024

     Saldo ini merupakan taksiran pengembalian pajak                    This balance represented estimated claim for
     penghasilan badan tahun 2024 berdasarkan                           corporate income tax fiscal year 2024 based on
     perhitungan Perusahaan yang dilaporkan di dalam                    the Company’s calculation which reported in its
     surat pemberitahuan pajak penghasilan badan                        corporate income tax returns for fiscal year 2024.
     untuk tahun fiskal 2024.

     Pada tahun 2025, Perusahaan mengakui beban                         For the year 2025, the Company recognized other
     pajak lainnya sebesar Rp5.165 yang timbul dari                     tax expenses amounting to Rp5,165, arising from
     perbedaan pelaporan antara surat pemberitahuan                     differences in reporting between the corporate
     pajak penghasilan badan dengan catatan                             income tax returns and its accounting records.
     akuntansi Perusahaan.
                                                           103
Page 573
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                     12. TAXATION (continued)

  b. Estimasi Tagihan Restitusi Pajak (lanjutan)                 b. Estimated        Claims       for     Tax      Refund
                                                                    (continued)

     Perusahaan (lanjutan)                                           The Company (continued)

     Pengembalian Pajak Penghasilan Badan 2024                       Claim for Corporate Income Tax 2024 (continued)
     (lanjutan)

     Proses pemeriksaan pajak masih berlangsung                      The tax examination process is still ongoing until
     hingga tanggal penyelesaian laporan keuangan                    the completion date of this consolidated financial
     konsolidasian ini.                                              report.

     Pengembalian Pajak Penghasilan Badan 2025                       Claim for Corporate Income Tax 2025

     Saldo ini merupakan taksiran pengembalian pajak                 This balance represented estimated claim for
     penghasilan badan tahun 2025 berdasarkan                        corporate income tax fiscal year 2025 based on
     perhitungan Perusahaan yang akan dilaporkan di                  the Company’s calculation which will be reported
     dalam surat pemberitahuan pajak penghasilan                     in its corporate income tax returns for fiscal year
     badan untuk tahun fiskal 2025.                                  2025.

     Entitas Anak                                                    Subsidiary

      Pada tanggal 27 Maret 2024, AVI menerima                      On March 27, 2024, AVI received a SKPLB for
      SKPLB atas pajak badan tahun 2022. Atas                       corporate income tax for fiscal year 2022. As a
      ketetapan tersebut, AVI mengakui beban sebesar                result of the assessment, AVI recognized an
      Rp1.039 dalam laporan laba rugi tahun 2023. AVI               expense of Rp1,039 in its 2023 statement of profit
      telah menerima restitusi pada tanggal 25 April                or loss. AVI received the restitution amounting to
      2024 sebesar Rp3.307.                                         Rp3,307 on April 25, 2024.

  c. Utang Pajak                                                 c. Taxes Payable

    Akun ini terdiri dari:                                           This account consist of:
                                      31 Desember 2025/    31 Desember 2024/
                                      December 31, 2025    December 31, 2024

      Perusahaan                                                                                            The Company
        Pajak Pertambahan Nilai                 129.401               133.361                           Value Added Tax
        Pajak penghasilan:                                                                                 Income taxes:
          Pasal 4 (2)                           204.534                14.339                               Article 4 (2)
          Pasal 21                               16.889                60.457                                 Article 21
          Pasal 23                                7.119                10.911                                 Article 23
          Pasal 22                                  708                   898                                 Article 22
          Pasal 26                                    -                    19                                 Article 26
        Lainnya                                       8                     -                                       Others

        Subjumlah                               358.659               219.985                                   Subtotal
      Entitas Anak dan                                                                                        Subsidiary
        Operasi Bersama                                                                            and Joint Operation
        Pajak Pertambahan Nilai                     206                 5.746                         Value Added Tax
        Pajak penghasilan:                                                                               Income taxes:
           Pasal 29                                4.095                    -                               Article 29
           Pasal 25                                  250                  277                               Article 25
           Pasal 23                                  246                  208                               Article 23
           Pasal 4 (2)                               148                  140                             Article 4 (2)
           Pasal 22                                   22                    -                               Article 22
           Pasal 21                                   14                   13                               Article 21
           Pasal 26                                    -                   22                               Article 26

        Subjumlah                                  4.981                6.406                                   Subtotal

      Jumlah                                    363.640               226.391                                        Total


                                                        104
Page 574
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                        12. TAXATION (continued)

  d. Beban (Manfaat) Pajak Penghasilan                              d. Income Tax Expense (Benefit)
                                             Tahun yang Berakhir pada Tanggal
                                                       31 Desember/
                                                 Year Ended December 31,

                                                 2025               2024

       Pajak kini                                                                                             Current tax
        Perusahaan                                  126.463                    -                          The Company
        Entitas anak dan                                                                                      Subsidiary
           operasi bersama                           19.353             20.593                     and joint operation

       Subjumlah                                    145.816             20.593                                    Subtotal

       Pajak tangguhan                                                                                       Deferred tax
         Perusahaan                                 532.238            243.215                            The Company
         Entitas anak dan                                                                                     Subsidiary
            operasi bersama                         (32.874)           (36.831)                    and joint operation
         Perusahaan (dahulu AP1) -
           periode dari tanggal                                                           The Company (formerly AP1) -
           1 Januari sampai dengan                                                       for the period from January 1
           tanggal 8 September 2024                       -          1.541.458                   to September 8, 2024

       Subjumlah                                    499.364          1.747.842                                    Subtotal

       Penyesuaian atas periode                                                                  Adjustments in respect
         sebelumnya                                                                              of the previous period
        Perusahaan                                       58                    -                          The Company

       Jumlah                                       645.238          1.768.435                                       Total


  e. Taksiran Pajak Penghasilan                                     e. Estimation for Income Tax

     Rekonsiliasi antara laba (rugi) sebelum pajak                      The reconciliation between profit (loss) before
     penghasilan badan, seperti yang disajikan dalam                    corporate income tax, as shown in the
     laporan laba rugi dan penghasilan komprehensif                     consolidated statement of comprehensive
     lain konsolidasian, dan taksiran rugi fiskal                       income, and estimated taxable income of the
     Perusahaan adalah sebagai berikut:                                 Company is as follows:
                                             Tahun yang Berakhir pada Tanggal
                                                       31 Desember/
                                                 Year Ended December 31,

                                                 2025               2024

        Laba sebelum pajak penghasilan                                                                             Profit before
           badan menurut laporan laba rugi                                                          corporate income tax
           dan penghasilan                                                                     in consolidated statement
           komprehensif lain                                                                    of profit or loss and other
           konsolidasian                          8.507.458          2.565.231                    comprehensive income
        Ditambah:                                                                                                          Add:
           Rugi entitas anak sebelum                                                          Loss of subsidiaries before
             beban pajak penghasilan                                                     corporate income tax expense
             badan dan efek eliminasi               380.050                5.410                  and elimination effect
           Laba Perusahaan sebelum pajak
             pajak penghasilan badan -
             Perusahaan (dahulu AP1)                                                   Profit before corporate income tax-
             untuk periode dari tanggal                                                    the Company (formerly AP1)
             1 Januari sampai dengan                                                      for the period from 1 January
             tanggal 8 September 2024                     -           (956.728)                    to September 8, 2024
        Laba Perusahaan sebelum                                                               The Company’s profit before
          pajak penghasilan badan                 8.887.508          1.613.913                   corporate income tax

                                                           105
Page 575
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                       12. TAXATION (continued)
  e. Taksiran Pajak Penghasilan (lanjutan)                         e. Estimation for Income Tax (continued)

     Rekonsiliasi antara laba (rugi) sebelum pajak                     The reconciliation between profit (loss) before
     penghasilan badan, seperti yang disajikan dalam                   corporate income tax, as shown in the
     laporan laba rugi dan penghasilan komprehensif                    consolidated statement of comprehensive
     lain konsolidasian, dan taksiran rugi fiskal                      income, and estimated taxable income of the
     Perusahaan adalah sebagai berikut: (lanjutan)                     Company is as follows: (continued)
                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                2025               2024

        Laba Perusahaan sebelum                                                               The Company’s profit before
          pajak penghasilan badan                8.887.508          1.613.913                    corporate income tax


        Penghasilan dikenakan pajak final        (2.400.241)       (1.487.612)                    Income subject to final tax
        Laba Perusahaan sebelum                                                             Profit before corporate income
          pajak penghasilan badan                                                                 tax after less incomes
          setelah dikurangi penghasilan                                                            subjected to final tax
          yang pajaknya bersifat final            6.487.267           126.301              attributable to the Company

        Ditambah (dikurangi):                                                                                   Add (deduct):
        Beda Temporer                                                                                 Temporary Differences
           Penyusutan dan amortisasi              (622.761)          (757.379)             Depreciation and amortization
           Penyisihan penurunan nilai              275.249            (83.742)               Allowance for impairments
           Aset hak-guna                           (85.423)            41.624                          Right-of-use asset
           Imbalan kerja                           237.533                599                         Employee benefits
           Bonus dan tantiem                       533.911             97.801                         Bonus and tantiem
        Subjumlah                                  338.509           (701.097)                                       Subtotal
        Beda Tetap:                                                                                  Permanent Difference:
          Bagian laba                                                                                      Share in gain
            entitas asosiasi dan                                                                        of associates
            ventura bersama                         254.381           167.456                      and joint ventures
          Beban tidak dapat dikurangkan          (3.941.633)        1.018.848                  Non-deductible expenses
          Keuntungan dari pelepasan                                                             Gain on sale of disposal
            entitas anak                                  -         1.260.924                         of subsidiaries
        Subjumlah                                (3.687.252)        2.447.228                                        Subtotal
        Taksiran laba penghasilan                                                         Estimated taxable income profit
          kena pajak Perusahaan                  3.138.524          1.872.432                         of the Company

        Penggunaan Rugi Pajak                                                                         Utilization of Prior Year
          Tahun Sebelumnya                                                                                     Tax Losses
          Tahun fiskal 2022                        (370.787)                 -                          Fiscal year 2022
          Tahun fiskal 2021                      (2.192.905)         (114.681)                          Fiscal year 2021
          Tahun fiskal 2020                               -        (1.757.751)                           Fiscal year 2020

        Taksiran laba penghasilan
          kena pajak Perusahaan                                                                             The Company’s
          sebelum penggunaan                                                                            taxable income
          rugi fiskal                              574.832                   -                before tax loss utilization

        Beban pajak                                                                                      Corporate income
          penghasilan badan                        126.463                   -                             tax expense




                                                          106
Page 576
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                     12. TAXATION (continued)
  e. Taksiran Pajak Penghasilan (lanjutan)                        e. Estimation for Income Tax (continued)

     Rekonsiliasi antara laba (rugi) sebelum pajak                    The reconciliation between profit (loss) before
     penghasilan badan, seperti yang disajikan dalam                  corporate income tax, as shown in the
     laporan laba rugi dan penghasilan komprehensif                   consolidated statement of comprehensive
     lain konsolidasian, dan taksiran rugi fiskal                     income, and estimated taxable income of the
     Perusahaan adalah sebagai berikut: (lanjutan)                    Company is as follows: (continued)


                                         Tahun yang Berakhir pada Tanggal
                                                   31 Desember/
                                             Year ended December 31,

                                             2025                 2024

        Beban pajak                                                                                     Corporate income
          penghasilan badan                     126.463                     -                             tax expense

        Dikurangi pajak penghasilan                                                                     Less prepayments
          dibayar dimuka                                                                                 of income tax
          Pasal 22                                   11                    3                                  Article 22
          Pasal 23                              678.438              635.426                                  Article 23
        Total pajak dibayar dimuka              678.449              635.429                            Total prepaid taxes
        Estimasi tagihan                                                                                  Estimated claim
          pajak (Catatan 12b)                   551.986              635.429                 for tax refund (Note 12b)


     Untuk tujuan pengisian Surat Pemberitahuan                      For the purpose of filling the annual corporate
     Tahunan Pajak Penghasilan Badan, Perusahaan                     income tax return, the Company calculate the
     melakukan perhitungan taksiran laba (rugi) pajak                taxable income (loss) on annual basis.
     secara tahunan.

     Perhitungan taksiran penghasilan kena pajak                     The calculation of estimated taxable income for
     pada tahun 2025 akan menjadi dasar dalam                        the year 2025 will be used as a basis in filling the
     pengisian Surat Pemberitahuan Tahunan Pajak                     Annual Corporate Income Tax Return for the
     Penghasilan Badan tahun 2025.                                   year 2025.

     Akumulasi rugi pajak:                                            Tax losses carried forward:

                                      31 Desember 2025/     31 Desember 2024/
                                      December 31, 2025     December 31, 2024

      Tahun pajak 2022                                  -              370.787                             Fiscal year 2022
      Tahun pajak 2021                                  -            2.344.793                             Fiscal year 2021

      Jumlah                                            -            2.715.580                                        Total




                                                        107
Page 577
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                       12. TAXATION (continued)

  e. Taksiran Pajak Penghasilan (lanjutan)                         e. Estimation for Income Tax (continued)

     Sehubungan dengan merger yang dilakukan oleh                      In connection with the merger by the Company
     Perusahaan     (dahulu     AP1),    berdasarkan                   (formerly AP1), based on the applicable tax
     ketentuan peraturan perpajakan yang berlaku di                    regulations in Indonesia, all fiscal losses held by
     Indonesia, seluruh rugi fiskal yang dimiliki oleh                 the Company (formerly AP1) prior to the merger
     Perusahaan (dahulu AP1) pada saat sebelum                         can no longer be utilized after the merger (Note
     merger tidak dapat dimanfaatkan lagi setelah                      1e).
     terjadinya penggabungan (Catatan 1e).

     Berdasarkan Undang-undang Perpajakan yang                         Based on the applied Taxation Laws in
     berlaku di Indonesia, entitas-entitas di dalam                    Indonesia, entities within the group calculate and
     Kelompok Usaha menghitung dan membayar                            pay tax on the basis of self assessment. The
     sendiri besarnya jumlah pajak yang terutang.                      Directorate General of Tax may assess or
     Direktorat Jenderal Pajak dapat menetapkan                        amend tax liabilities within 5 (five) years of the
     atau mengubah liabilitas pajak dalam batas                        time the tax becomes due.
     waktu 5 (lima) tahun sejak saat terutangnya
     pajak.

     Pada tahun 2025, KSO HLP menerapkan                               In 2025, KSO HLP applied the provisions of PMK
     ketentuan PMK 79 Tahun 2024. Berdasarkan                          79 of 2024. In accordance with this regulation,
     peraturan tersebut, KSO HLP melakukan                             KSO HLP calculated corporate income tax
     perhitungan pajak penghasilan badan atas laba                     based on the profit or loss it generated.
     rugi yang dihasilkan oleh KSO HLP.

     Rekonsiliasi antara hasil perkalian rugi akuntansi               The reconciliation between the result of the
     sebelum pajak penghasilan badan dengan tarif                     multiplication loss of accounting income before
     pajak yang berlaku dan beban pajak penghasilan                   corporate income tax with the current tax rate
     sebagai berikut:                                                 and income tax expense is as follows:
                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                2025               2024

        Laba sebelum pajak penghasilan                                                                             Profit before
          badan menurut laporan laba rugi                                                           corporate income tax
          dan penghasilan                                                                      in consolidated statement
          komprehensif lain                                                                     of profit or loss and other
          konsolidasian                          8.507.458          2.565.231                     comprehensive income

        Ditambah:                                                                                                      Add:
        Rugi entitas anak sebelum                                                                Loss of subsidiaries before
          beban pajak penghasilan                                                          corporate income tax expense
          badan dan efek eliminasi                 380.050                5.410                    and elimination effect

        Laba Perusahaan sebelum pajak
         pajak penghasilan badan -
         Perusahaan (dahulu AP1)                                                          Profit before corporate income tax-
          untuk periode dari tanggal                                                         the Company (formerly AP1)
         1 Januari sampai dengan                                                      for the period from 1 January 2024
          tanggal 8 September 2024                        -          (956.728)                       to September 8, 2024
        Laba Perusahaan sebelum                                                               The Company’s profit before
          pajak penghasilan badan                8.887.508          1.613.913                    corporate income tax




                                                          108
Page 578
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                        12. TAXATION (continued)

  e. Taksiran Pajak Penghasilan (lanjutan)                          e. Estimation for Income Tax (continued)

     Rekonsiliasi antara hasil perkalian rugi akuntansi                The reconciliation between the result of the
     sebelum pajak penghasilan badan dengan tarif                      multiplication loss of accounting income before
     pajak yang berlaku dan beban pajak penghasilan                    corporate income tax with the current tax rate
     sebagai berikut: (lanjutan)                                       and income tax expense is as follows:
                                                                       (continued)

                                           Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                2025                2024

        Laba Perusahaan sebelum                                                                The Company’s profit before
          pajak penghasilan badan                8.887.508           1.613.913                    corporate income tax


        Beban pajak penghasilan
          berdasarkan tarif pajak                                                              Income tax expense based on
          yang berlaku                           1.955.252             355.061                        applicable tax rate
        (Pendapatan) beban                                                                          Non-deductible (income)
          tidak dapat dikurangkan                 (811.196)            260.987                                expenses
        Pendapatan yang dikenakan
          pajak final                             (528.053)           (327.275)                    Income subject to final tax
        Penyesuaian pajak tangguhan                 42.698           1.378.725                    Adjustments to deferred tax
        Penyesuaian atas periode                                                                       Adjustments in respect
          sebelumnya                                      58                  -                     of the previous period
        Pelepasan entitas anak
          (Catatan 1d)                                                                      Disposal of subsidiaries (Note 1d)
          yang tidak diakui                                -           277.403                               from tax loss

        Jumlah                                     658.759           1.944.901                                          Total


        Beban pajak penghasilan badan -
          Perusahaan (dahulu AP1)                                                            Corporate income tax expense -
          untuk periode dari tanggal                                                        The Company (formerly AP1)
          1 Januari sampai dengan                                                           for the period from 1 January
          tanggal 8 September 2024                         -           117.175                      to September 8, 2024

       Pajak penghasilan atas pelepasan
          entitas anak yang tercatat di                                                             Income tax for disposal of
          tambahan modal disetor                                                                  subsidiaries recorded in
          (Catatan 1d)                                     -          (277.403)        additional paid-in capital (Note 1d)

       Beban pajak penghasilan badan -                                                     Corporate income tax expense -
          Perusahaan                               658.759           1.784.673                           the Company

       Manfaat pajak penghasilan badan -                                                     Corporate income tax benefit -
         entitas anak                               (13.521)           (16.238)                             subsidiary

       Jumlah beban                                                                                            Total income
          pajak penghasilan, neto                  645.238           1.768.435                          tax expense, net




                                                           109
Page 579
                                                                                        The original consolidated financial statements included herein
                                                                                                                          are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                   PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                                             12. TAXATION (continued)

  f. Aset (Liabilitas) Pajak Tangguhan                                                     f. Deferred Tax Assets (Liabilities)

      Perhitungan manfaat (beban) pajak dan aset                                                The computation of deferred income tax benefit
      pajak tangguhan adalah sebagai berikut:                                                   (expense) and deferred tax assets is as follows:
                                                      Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                Year Ended December 31, 2025

                                                   Dikreditkan
                                                 (dibebankan)
                                                 ke Laba Rugi/    Dikreditkan         Capital                          31 Desember
                                                    Credited      ke Ekuitas/          Gain/                               2025/
                               1 Januari 2025/    (Charged) to     Credited           Capital       Penyesuaian/       December 31,
                               January 1, 2025   Profit or Loss    to Equity           Gain          Adjustment            2025

    Aset Pajak Tangguhan                                                                                                                       Deferred Tax Assets
    Perusahaan:                                                                                                                                        The Company:
    Liabilitas imbalan kerja         475.327            52.257         (6.597)                  -                  -        520.987         Employee benefits liability
    Penyisihan penurunan                                                                                                                Allowance for impairment loss
       nilai aset tetap                22.054           66.940                  -               -                  -         88.994                  of fixed assets
    Penyisihan penurunan                                                                                                                                 Allowance for
       nilai aset                                                                                                                               impairment loss of
       keuangan                      434.381            (6.385)                 -               -            (136)          427.860                financial assets
    Aset hak-guna                     54.284           (18.793)                 -               -          (6.476)           29.015              Right-of-use assets
    Cadangan bonus                                                                                                                                 Provision of bonus
       dan tantiem                    69.576           117.460                  -               -         (2.671)           184.365                     and tantiem
    Kompensasi rugi fiskal           597.427          (564.012)                 -               -        (33.415)                 -        Compensation of fiscal loss

    Liabilitas Pajak
       Tangguhan                                                                                                                              Deferred Tax Liabilities
    Penyusutan dan                                                                                                                                    Depreciation and
       amortisasi aset                                                                                                                               amortization of
       tetap, properti                                                                                                                     fixed assets, investment
       investasi, dan                                                                                                                                properties, and
       aset takberwujud            (2.061.154)        (137.007)                 -               -                  -      (2.198.161)              intangible assets

    Liabilitas Pajak                                                                                                                                    Deffered Tax
       Tangguhan, neto -                                                                                                                           Liabilities, net -
       Perusahaan                    (408.105)        (489.540)         (6.597)                 -        (42.698)          (946.940)                The Company


    Aset Pajak                                                                                                                                          Deffered Tax
      Tangguhan, neto -                                                                                                                               Assets, net -
      Entitas anak                     90.672           32.874                  9               -                  -        123.555                    Subsidiary




                                                                                110
Page 580
                                                                                              The original consolidated financial statements included herein
                                                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                        Unless Otherwise Stated)


12. PERPAJAKAN (lanjutan)                                                                 12. TAXATION (continued)

  f. Aset (Liabilitas) Pajak Tangguhan (lanjutan)                                               f. Deferred Tax Assets (Liabilities) (continued)

      Perhitungan manfaat (beban) pajak dan aset                                                     The computation of deferred income tax benefit
      pajak tangguhan adalah sebagai berikut:                                                        (expense) and deferred tax assets is as follows:
      (lanjutan)                                                                                     (continued)
                                                         Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                   Year Ended December 31, 2024

                                              Dikreditkan
                                             (dibebankan)
                                             ke Laba Rugi/    Dikreditkan       Capital                             Efek       31 Desember
                                               Credited       ke Ekuitas/        Gain/                          Dekonsolidasi/     2024/
                             1 Januari 2024/ (Charged) to      Credited         Capital        Penyesuaian/    Deconsolidation December 31,
                             January 1, 2024 Profit or Loss    to Equity         Gain           Adjustment         Effect          2024

    Aset Pajak Tangguhan                                                                                                                               Deferred Tax Assets
    Perusahaan:                                                                                                                                                 The Company:
    Liabilitas imbalan kerja      459.101              132         16.094                 -               -                -        475.327         Employee benefits liability
    Penyisihan penurunan                                                                                                                        Allowance for impairment loss
       nilai aset tetap             10.569          11.485                  -             -               -                -         22.054                  of fixed assets
    Penyisihan penurunan                                                                                                                                          Allowance for
       nilai aset                                                                                                                                       impairment loss of
       keuangan                   464.289          (29.908)                 -             -               -                -        434.381                financial assets
    Aset hak-guna                  45.127            9.157                  -             -               -                -         54.284               Right-of-use assets

    Cadangan bonus                                                                                                                                      Provision of bonus
      dan tantiem                  48.060           21.516                  -           -                 -                -         69.576                 and tantiem
    Kompensasi rugi fiskal      2.637.639         (251.707)                 -    (409.780)       (1.378.725)               -        597.427       Compensation of fiscal loss

    Liabilitas Pajak
       Tangguhan                                                                                                                                     Deferred Tax Liabilities
    Penyusutan dan                                                                                                                                           Depreciation and
       amortisasi aset                                                                                                                                      amortization of
       tetap, properti                                                                                                                            fixed assets, investment
       investasi, dan                                                                                                                                       properties, and
       aset takberwujud         (1.894.531)       (166.623)                 -             -               -                -      (2.061.154)             intangible assets

    Liabilitas Pajak                                                                                                                                            Deffered Tax
       Tangguhan, neto -                                                                                                                                  Liabilities, net -
       Perusahaan               1.770.254         (405.948)        16.094        (409.780)       (1.378.725)               -       (408.105)               The Company


    Aset Pajak                                                                                                                                                 Deffered Tax
      Tangguhan, neto -                                                                                                                                      Assets, net -
      Entitas anak                385.404          (36.831)            81                 -               -         (257.982)        90.672                   Subsidiary




      Untuk tujuan penyajian dalam laporan posisi                                                    For presentation purposes in the consolidated
      keuangan konsolidasian, klasifikasi aset atau                                                  statement of financial position, the classification of
      liabilitas pajak tangguhan untuk setiap perbedaan                                              deferred tax assets or liabilities for each of the
      temporer di atas ditentukan berdasarkan posisi                                                 temporary differences above is determined based
      pajak tangguhan neto (aset neto atau liabilitas                                                on the net deferred tax position (net asset or net
      neto) setiap entitas.                                                                          liability) of each entity.




                                                                                 111
Page 581
                                                                                                                   The original consolidated financial statements included herein
                                                                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                                                      Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG                                                                                      13. LONG-TERM INVESTMENTS

  Rincian investasi jangka panjang adalah sebagai                                                                    The details of long-term investments are as follows:
  berikut:

                                                                      31 Desember 2025/                 31 Desember 2024/
                                                                      December 31, 2025                 December 31, 2024


    Entitas asosiasi                                                              10.670.940                                4.783.921                                                       Associates
    Ventura bersama                                                                  473.642                                  312.107                                                    Joint Ventures
    Penyertaan saham                                                                     179                                    5.253                                              Investment in shares

    Subjumlah                                                                     11.144.761                                5.101.281                                                                   Subtotal

    Uang muka penyertaan saham                                                          13.000                                                -                       Advances in shares of stocks
    Cadangan kerugian penurunan nilai                                                 (184.076)                                               -                      Allowance for impairment loss

    Jumlah                                                                        10.973.685                                5.101.281                                                                         Total



  Berikut adalah rincian mutasi investasi jangka                                                                     The details of long-term investment movements for
  panjang selama tahun 2025 dan 2024:                                                                                the years 2025 and 2024 are as follows
                                                                  Tahun yang Berakhir pada Tanggal 31 Desember 2025/Year Ended December 31, 2025

                                                                                                                                                      Selisih Transaksi
                                                                                Penambahan      Peneriman                                Bagian       Kombinasi Bisnis
                                                                                  Investasi       Dividen                              Penghasilan          Entitas
                                                               Nilai Tercatat       Tahun         Tahun                               Komprehensif      Sepengendali/       Nilai Tercatat
                             Persentase       Biaya            Awal Tahun/        Berjalan/      Berjalan/        Bagian Laba              Lain/       Difference in the    Akhir Tahun/
                            Kepemilikan/    Perolehan/        Carrying Value      Additional     Dividend            (Rugi)/           Share of Other Value of Business    Carrying Value
                            Percentage of   Acquisition        at Beginning      Investment      Received           Share of          Comprehensive Combination Under       at End of the
                             Ownership         Cost             of the Year     for the Year   for the Year       Profit (Loss)          Income        Common Control            Year

    Penyertaan Saham                                                                                                                                                                               Investment in Shares
       PT Purantara Mitra                                                                                                                                                                          PT Purantara Mitra
            Angkasa Dua            0,11%           5.253               5.253               -              -                       -           (5.074)                  -               179           Angkasa Dua

    Metode Ekuitas                                                                                                                                                                                         Equity Method
    Entitas Asosiasi                                                                                                                                                                                           Associates
         PT Garuda Maintenance
             Facility Aero                                                                                                                                                                  PT Garuda Maintenance
             Asia Tbk .           68,40%                  -                -       5.664.912                  -                   -                 -                  -         5.664.912 Facility Aero Asia Tbk.
         PT Integrasi Aviasi                                                                                                                                                                             PT Integrasi
             Solusi               99,99%       4.292.649           4.519.201               -                  -         234.791               (5.817)                  -         4.748.175            Aviasi Solusi
         PT Bandarudara                                                                                                                                                                              PT Bandarudara
             Internasional Jawa                                                                                                                                                                       Internasional
             Barat                19,51%         416.000            193.929                -                  -         (22.853)                                       -           171.076              Jawa Barat
         PT Railink               40,00%         335.760             64.216                -                  -          17.322                    (2)                 -            81.536                 PT Railink
         PT Jasamarga Bali Tol     6,31%          59.635              6.575                -                  -          (1.272)                  (62)                 -             5.241   PT Jasamarga Bali Tol

    Ventura Bersama                                                                                                                                                                                          Joint Venture
        PT Bandara Internasional                                                                                                                                                             PT Bandara International
            Batam                56,09%          445.444            312.107          148.920        (13.778)             26.393                     -                  -           473.642                  Batam

    Subjumlah                                  5.549.488           5.096.028       5.813.832        (13.778)            254.381               (5.881)                  -        11.144.582                        Subtotal

    Jumlah                                     5.554.741           5.101.281       5.813.832        (13.778)            254.381              (10.955)                  -        11.144.761                           Total



                                                                  Tahun yang Berakhir pada Tanggal 31 Desember 2024/Year Ended December 31, 2024

                                                                                                                                                      Selisih Transaksi
                                                                                Penambahan      Peneriman                                Bagian       Kombinasi Bisnis
                                                                                  Investasi       Dividen                              Penghasilan         Entitas
                                                               Nilai Tercatat       Tahun         Tahun                               Komprehensif     Sepengendali/       Nilai Tercatat
                             Persentase       Biaya            Awal Tahun/        Berjalan/      Berjalan/        Bagian Laba              Lain/      Difference in the     Akhir Tahun/
                            Kepemilikan/    Perolehan/        Carrying Value      Additional     Dividend            (Rugi)/           Share of Other Value of Business    Carrying Value
                            Percentage of   Acquisition        at Beginning      Investment      Received           Share of          Comprehensive Combination Under       at End of the
                             Ownership         Cost             of the Year     for the Year   for the Year       Profit (Loss)          Income       Common Control            Year

    Penyertaan Saham                                                                                                                                                                                Investment in Shares
       PT Purantara Mitra                                                                                                                                                                          PT Purantara Mitra
            Angkasa Dua            0,11%           5.253               5.253               -              -                       -                 -                  -             5.253            Angkasa Dua

    Metode Ekuitas                                                                                                                                                                                         Equity Method
    Entitas Asosiasi                                                                                                                                                                                            Associates
         PT Integrasi Aviasi                                                                                                                                                                             PT Integrasi
             Solusi               99,99%                  -                -       2.804.439                  -         224.595                1.957           1.488.210         4.519.201            Aviasi Solusi
         PT Bandarudara                                                                                                                                                                              PT Bandarudara
             Internasional Jawa                                                                                                                                                                       Internasional
             Barat                19,51%         385.000             248.177          31.000                  -         (85.335)                   87                  -           193.929              Jawa Barat
         PT Railink               40,00%         351.760              54.979               -                  -           9.032                   205                  -            64.216                 PT Railink
         PT Jasamarga Bali Tol     6,31%          59.635               6.588               -                  -             (40)                   27                  -             6.575     PT Jasamarga Bali Tol

    Ventura Bersama                                                                                                                                                                                         Joint Venture
        PT Bandara Internasional                                                                                                                                                             PT Bandara International
            Batam                51,00%          296.524            292.776                -                  -          19.204                   127                  -           312.107                  Batam

    Subjumlah                                  1.092.919             602.520       2.835.439              -             167.456                2.403           1.488.210         5.096.028                        Subtotal

    Jumlah                                     1.098.172             607.773       2.835.439              -             167.456                2.403           1.488.210         5.101.281                              Total




                                                                                                  112
Page 582
                                                                       The original consolidated financial statements included herein
                                                                                                         are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                           As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                          (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                            13. LONG-TERM INVESTMENTS (continued)

  Ringkasan informasi keuangan auditan dari entitas                     Summary of the audited financial information of
  asosiasi dan ventura bersama di atas adalah                           associates and joint ventures above are as follows:
  sebagai berikut:
                                            31 Desember/ December 31, 2025

                                                                             Laba (Rugi)
                                  Total Aset/      Total Liabilitas/        Neto/Net Profit
                                 Total Assets      Total Liabilities           (Loss)

    PT Garuda Maintenance                                                                             PT Garuda Maintenance Facility
      Facility Aero Asia Tbk.        13.803.001          11.572.702                 539.347                        Aero Asia Tbk.
    PT Integrasi Aviasi Solusi        6.149.215           2.944.324                 234.814                PT Integrasi Aviasi Solusi
    PT Bandara Internasional                                                                               PT Bandara Internasional
      Jawa Barat                      2.748.059           1.985.362                (117.134)                           Jawa Barat
    PT Jasamarga Bali Tol             1.890.367           1.773.040                 (20.158)                  PT Jasamarga Bali Tol
    PT Bandara Internasional                                                                               PT Bandara Internasional
      Batam                             976.702             129.345                  47.055                                 Batam
    PT Railink                          536.547             280.001                  43.305                               PT Railink

    Jumlah                           26.103.891          18.684.774                 727.229                                     Total


                                            31 Desember/ December 31, 2024

                                                                             Laba (Rugi)
                                  Total Aset/      Total Liabilitas/        Neto/Net Profit
                                 Total Assets      Total Liabilities           (Loss)

    PT Integrasi Aviasi Solusi        6.207.895            3.193.114                224.617                 PT Integrasi Aviasi Solusi
    PT Bandara Internasional                                                                                PT Bandara Internasional
      Jawa Barat                      2.804.769           1.983.698                (437.391)                            Jawa Barat
    PT Jasamarga Bali Tol             1.893.224           1.754.743                    (637)                  PT Jasamarga Bali Tol
    PT Bandara Internasional                                                                                PT Bandara Internasional
      Batam                             797.075             185.102                  37.654                                  Batam
    PT Railink                          432.369             144.805                  22.579                                PT Railink

    Jumlah                           12.135.332           7.261.462                (153.178)                                    Total


  a. GMF                                                                 a. GMF

      GMF merupakan perusahaan Maintenance,                                 GMF is an aircraft Maintenance, Repair and
      Repair and Operations (“MRO”) pesawat yang                            Operations (“MRO”) company established in
      didirikan pada tahun 2002 dan berlokasi di                            2002 and located at Hangar 4 of Soekarno-Hatta
      Hangar 4 Bandara Soekarno-Hatta. GMF                                  Airport. GMF provides aircraft and component
      menyediakan layanan perawatan, perbaikan, dan                         maintenance, repair, and overhaul services,
      overhaul pesawat beserta komponennya,                                 trading of aviation parts and equipment, airport
      perdagangan suku cadang dan peralatan aviasi,                         support activities, and technical consultancy
      aktivitas pendukung kebandarudaraan, serta jasa                       services.
      konsultansi teknis.

      Pada tanggal 17 September 2025, Perusahaan                             On September 17, 2025, the Company and GMF
      dan      GMF      menandatangani     Perjanjian                        entered into a Preliminary Transaction Plan
      Pendahuluan       Rencana     Transaksi    No.                         Agreement No. PJJ.DU.138/HK.08/2025 and
      PJJ.DU.138/HK.08/2025                      dan                         GMF/PERJ./DT-3171/2025,       which     was
      GMF/PERJ./DT-3171/2025, yang selanjutnya                               subsequently amended on December 10, 2025
      terakhir diubah pada tanggal 10 Desember 2025                          through the Addendum and Restatement of the
      melalui Adendum dan Pernyataan Kembali                                 Preliminary Transaction Plan Agreement No.
      Perjanjian Pendahuluan Rencana Transaksi No.                           PJJ.DU.0183/HK.04/2025                  and
      PJJ.DU.0183/HK.04/2025                     dan                         GMF/PERJ./AMAND-I/DT-3171/2025/25.
      GMF/PERJ./AMAND-I/DT-3171/2025/25.




                                                           113
Page 583
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                      13. LONG-TERM INVESTMENTS (continued)

  a. GMF (lanjutan)                                            a. GMF (continued)

     Perusahaan dan GMF menyepakati bahwa                          The Company and GMF agreed that the planned
     rencana inbreng akan dilakukan melalui                        inbreng will be executed through a non-cash
     penyertaan nontunai berupa Hak Guna                           contribution in the form of Building Use Rights
     Bangunan (HGB) atas nama Perusahaan yang                      (HGB) registered under the Company, situated on
     berada di atas Hak Pengelolaan (HPL) atas nama                Land Management Rights (HPL) also registered
     Perusahaan, dengan luas ± 972.123 m² dan nilai                under the Company, with an area of
     sebesar Rp5.664.912. Nilai tersebut mengacu                   approximately 972,123 m² and a value of
     pada hasil valuasi atas HGB di atas HPL milik                 Rp5,664,912. This value is based on the
     Perusahaan yang telah dinilai oleh Kantor Jasa                valuation of the HGB over the Company’s HPL as
     Penilai Publik (KJPP) Ruky, Safrudin & Rekan.                 assessed by the Public Appraisal Firm (KJPP)
                                                                   Ruky, Safrudin & Partners.

     Sehubungan dengan rencana Penambahan                           In connection with the planned Capital Increase
     Modal dengan Hak Memesan Efek Terlebih                         with Pre-emptive Rights (“PMHMETD”), GMF
     Dahulu (“PMHMETD”), GMF sepakat untuk                          agreed to issue up to 124,269,948,745 new
     menerbitkan               sebanyak-banyaknya                   Series B shares to the shareholders of GMF
     124.269.948.745 lembar saham baru Seri B                       under the PMHMETD. The exercise price
     kepada para pemegang saham GMF dalam                           determined by GMF for the PMHMETD is Rp69
     rangka     PMHMETD.     Harga     pelaksanaan                  (full amount) for each new Series B share.
     PMHMETD yang ditetapkan oleh GMF adalah
     sebesar Rp69 (nilai penuh) untuk setiap saham
     baru Seri B.

     Pada tanggal 3 Desember 2025, Perusahaan dan                   On December 3, 2025, the Company and Garuda
     Garuda menandatangani Perjanjian Pengalihan                    entered into the Rights Issue Entitlement Transfer
     Hak Memesan Efek Terlebih Dahulu (“HMETD”)                     Agreement       (“HMETD       Agreement”)     No.
     No.         IG/PERJ/IV/DZ-4156/2025         dan                IG/PERJ/IV/DZ-4156/2025                       and
     PJJ.DU.173/HK.08/2025,      yang    selanjutnya                PJJ.DU.173/HK.08/2025,           which        was
     terakhir diubah pada tanggal 10 Desember 2025                  subsequently amended on December 10, 2025
     melalui Adendum dan Pernyataan Kembali                         through an Addendum and Restatement of the
     Perjanjian Pengalihan HMETD.                                   Rights Issue Entitlement Transfer Agreement.

     Para Pihak sepakat untuk melaksanakan                          The Parties agreed to execute the capital
     penambahan modal dengan memberikan Hak                         increase by granting Pre-emptive Rights
     Memesan Efek Terlebih Dahulu (“HMETD”)                         (“HMETD”) through a Limited Public Offering to
     melalui mekanisme Penawaran Umum Terbatas                      the shareholders of GMF, whereby GMF will
     kepada para pemegang saham GMF, di mana                        issue up to 90,050,687,400 new Series B shares
     GMF akan menerbitkan sebanyak-banyaknya                        in accordance with the provisions of the Financial
     90.050.687.400 lembar saham baru Seri B sesuai                 Services Authority (OJK) Regulation No. 45 of
     dengan ketentuan Otoritas Jasa Keuangan (OJK)                  2024 concerning Capital Increases of Public
     Nomor 45 Tahun 2024 tentang Penambahan                         Companies with Pre-emptive Rights.
     Modal Perusahaan Terbuka dengan HMETD.




                                                       114
Page 584
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                        13. LONG-TERM INVESTMENTS (continued)

   a. GMF (lanjutan)                                             a. GMF (continued)

      Berdasarkan ketentuan tersebut, Garuda berhak                   Based on these provisions, Garuda is entitled to
      atas 82.100.173.900 HMETD, di mana 1 HMETD                      82,100,173,900 HMETD, with each right granting
      memberikan hak untuk membeli 1 lembar saham                     the entitlement to purchase one new Series B
      baru Seri B Perseroan, yang selanjutnya                         share of the Company, which will subsequently
      dialihkan     kepada      Perusahaan.      Harga                be transferred to the Company. The exercise
      pelaksanaan HMETD ditetapkan sebesar Rp69                       price for the HMETD is set at Rp69 (full amount)
      (nilai penuh) untuk setiap saham baru Seri B.                   per new Series B share.

     Pada tanggal 5 Desember 2025, Perusahaan dan                     On December 5, 2025, the Company and GMF
     GMF menandatangani Perjanjian Penyertaan                         entered into the Conditional Capital Injection
     Modal Bersyarat No. PJJ.DU.178/HK.08/2025                        Agreement No. PJJ.DU.178/HK.08/2025 and
     dan       GMF/PERJ./DT-3214/2025,       yang                     GMF/PERJ./DT-3214/2025,        which      was
     selanjutnya terakhir diubah pada tanggal                         subsequently amended on December 10, 2025
     10 Desember 2025 melalui Adendum dan                             through the Addendum and Restatement of the
     Pernyataan Kembali Perjanjian Penyertaan                         Conditional Capital Injection Agreement No.
     Modal Bersyarat No. PJJ.DU.0184/HK.04/2025                       PJJ.DU.0184/HK.04/2025                    and
     dan GMF/PERJ./AMAND-I/DT-3214/2025/2025.                         GMF/PERJ./AMAND-I/DT-3214/2025/2025.

     Dalam kesepakatan tersebut, Perusahaan                           Under this agreement, the Company committed
     berkomitmen untuk memenuhi sejumlah hal,                         to several obligations, including signing certain
     termasuk        menandatangani       dokumen                     agreement documents with Garuda. In
     kesepakatan antara Perusahaan dan Garuda.                        connection with the Company’s entry as
     Sehubungan dengan masuknya Perusahaan                            a shareholder of GMF through the PMHMETD
     sebagai pemegang saham GMF melalui                               mechanism, which results in the dilution of
     mekanisme PMHMETD yang menyebabkan                               Garuda’s ownership in GMF, the parties agreed
     terdilusinya kepemilikan saham Garuda di GMF,                    that Garuda will continue to control and
     para pihak menyepakati bahwa Garuda akan                         consolidate GMF into Garuda’s financial
     tetap mengendalikan dan mengkonsolidasikan                       statements following the completion of the
     GMF ke dalam laporan keuangan Garuda setelah                     PMHMETD. The Company also agreed that it will
     pelaksanaan PMHMETD. Perusahaan juga                             not control nor consolidate GMF into its financial
     menyepakati bahwa Perusahaan tidak akan                          statements after the completion of the
     mengendalikan maupun mengkonsolidasikan                          PMHMETD.
     GMF ke dalam laporan keuangan Perusahaan
     setelah pelaksanaan PMHMETD.

     Pada tanggal 29 Desember 2025, Perusahaan                        On December 29, 2025, the Company and GMF
     dan GMF menandatangani Akta Pengikatan                           executed the Deed of Binding Capital
     Pemasukan ke Dalam Perusahaan No. 146, yang                      Contribution No. 146, notarized before Asep
     dibuat di hadapan Asep Heryanto, S.H., M.Kn.,                    Heryanto, S.H., M.Kn., a Notary in Tangerang
     Notaris di Kabupaten Tangerang. Melalui akta                     Regency. Pursuant to this deed, the Company
     tersebut, Perusahaan melakukan penyetoran                        made a non-cash capital contribution to GMF in
     modal ke dalam GMF dalam bentuk nontunai                         the form of land under HGB registered under the
     berupa tanah dengan status HGB atas nama                         Company, with a total area of 972,123 m². The
     Perusahaan seluas 972.123 m². Nilai aset                         value of the asset was determined based on the
     tersebut didasarkan pada hasil penilaian oleh                    appraisal conducted by the Public Appraisal Firm
     Kantor Jasa Penilai Publik Ruky, Safrudin &                      Ruky, Safrudin & Partners, as stated in the
     Rekan sebagaimana tercantum dalam Laporan                        Appraisal Report No. 00392/2.0095-01/PI/0046/
     Penilaian No. 00392/2.0095-01/PI/0046/1/XII/                     1/XII/2025/2025 dated December 8, 2025.
     2025/2025 tanggal 8 Desember 2025.




                                                         115
Page 585
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                       13. LONG-TERM INVESTMENTS (continued)

   a. GMF (lanjutan)                                             a. GMF (continued)

     Perusahaan memiliki 82.100.173.900 lembar                       The Company holds 82,100,173,900 Series B
     saham     Seri   B     dengan   nilai  sebesar                  shares with a value of Rp5,664,912,000,000 (full
     Rp5.664.912.000.000 (nilai penuh), yang                         amount), representing an ownership interest of
     merepresentasikan kepemilikan sebesar 68,40%.                   68.40%. The Company recognizes its investment
     Perusahaan mencatat investasi saham pada                        in GMF using the equity method as the Company
     GMF dengan menggunakan metode ekuitas                           has significant influence over the investee in
     karena Perusahaan memiliki pengaruh signifikan                  accordance with PSAK 228: Investments in
     atas investee sesuai dengan PSAK 228: Investasi                 Associates and Joint Ventures.
     pada Entitas Asosiasi dan Ventura Bersama.

   b. IAS                                                        b. IAS

      IAS terbentuk dari konsolidasi 7 (tujuh) anak                  IAS was formed from the consolidation of 7
      usaha di bawah Perusahaan (dahulu AP1 dan                      (seven) subsidiaries under the Company
      AP2) pada Januari 2024. IAS memiliki 4 (empat)                 (formerly AP1 and AP2) in January 2024. IAS has
      portfolios bisnis dengan 12 (dua belas) layanan                4 (four) business portfolios with 12 (twelve)
      bisnis. 4 (empat) portfolios bisnis IAS yaitu                  business services. IAS’s 4 (four) business
      Ground Handling & Cargo Terminal, Logistics,                   portfolios are Ground Handling & Cargo Terminal,
      Hospitality dan Operation Support.                             Logistics, Hospitality and Operation Support.

      Perusahaan memiliki 1.752.860 lembar saham                     The Company owned 1,752,860 shares or
      atau sebesar Rp1.752.860.000.000 (nilai penuh)                 Rp1,752,860,000,000 (full amount) with total
      dengan jumlah kepemilikan sebesar 99,99994%.                   ownership of 99.99994%. The Company
      Perusahaan mencatat investasi saham pada IAS                   accounts for share investments in IAS using the
      menggunakan metode ekuitas karena pengaruh                     equity method due to significant influence in the
      signifikan atas investee sesuai PSAK 228:                      investee in accordance with PSAK 228:
      Investasi pada Entitas Asosiasi dan Ventura                    Investment in Associates and Joint Ventures.
      Bersama.

  c. BIJB                                                        c. BIJB

     BIJB merupakan perusahaan yang bertugas                         BIJB is a company who responsible for managing
     untuk melakukan pengusahaan Bandar Udara                        operating in the West Java International Airport,
     Internasional Jawa Barat, serta membangun dan                   as well as building and developing Kertajati
     mengembangkan Kertajati Aerocity.                               Aerocity.

     Pada tanggal 22 Januari 2018, Perusahaan                        On January 22, 2018, the Company (formerly
     (dahulu AP2), Pemerintah Daerah Provinsi Jawa                   AP2), Government of West Java Province
     Barat     (Pemprov     Jabar)     dan      BIJB                 (Pemprov Jabar) and BIJB signed a Cooperation
     menandatangani       Perjanjian     Kerjasama                   Agreement on Airport Service Provision at West
     Penyelenggaraan Jasa Kebandarudaraan di                         Java International Airport, whereby the parties
     Bandar Udara Internasional Jawa Barat, di mana                  agreed to appointed the Company (formerly
     para pihak sepakat menunjuk Perusahaan                          AP2) as operator to carry out airport service
     (dahulu    AP2)    sebagai    operator    untuk                 operations, including the operation and
     melaksanakan        penyelenggaraan        jasa                 maintenance of West Java International Airport
     kebandarudaraan, termasuk pengoperasian dan                     in Kertajati Sub-district.
     pemeliharaan Bandar Udara Internasional Jawa
     Barat di Kecamatan Kertajati.




                                                        116
Page 586
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                       13. LONG-TERM INVESTMENTS (continued)

  c. BIJB (lanjutan)                                             c. BIJB (continued)

     Berdasarkan Surat Keputusan Menteri BUMN                        Based on Decree Letter of Ministry of BUMN
     No. S-668/MBU/09/2019 tanggal 30 September                      No. S-668/MBU/09/2019 dated September 30,
     2019, telah disetujui untuk melakukan pembelian                 2019, it was approved to purchase share in BIJB
     saham BIJB oleh Perusahaan (dahulu AP2)                         a total of 625,000 shares with a value of
     sejumlah 625.000 lembar saham dengan nilai                      Rp625,000 which will be done in stages over
     sebesar Rp625.000 yang dilakukan secara                         three years in 2019, 2020, and 2021. The
     bertahap selama tiga tahun, yaitu tahun 2019,                   Company (formerly AP2) and the stakeholders
     2020, dan 2021. Perusahaan (dahulu AP2) dan                     have agreed on a change in the period of
     para pemegang saham telah menyepakati                           participation of BIJB shares to seven years, from
     perubahan jangka waktu penyertaan saham BIJB                    the year of 2019 - 2025, in accordance with the
     menjadi tujuh tahun yaitu tahun 2019 - 2025,                    addendum of changes to the Shareholders'
     sesuai dengan addendum perubahan Perjanjian                     Agreement related to share ownership in BIJB
     Para Pemegang Saham terkait kepemilikan                         dated October 22, 2021 with the agreement
     saham di BIJB tanggal 22 Oktober 2021 dengan                    No. PJJ.04.04/00/10/2021/0526 and the change
     perjanjian No. PJJ.04.04/00/10/2021/0526 dan                    of Share Subscription Agreement dated October
     perubahan Perjanjian Pengambilan Bagian                         22, 2021 with the agreement No. PJJ.04.04/00/
     Saham Bersyarat tanggal 22 Oktober 2021                         10/2021/0525.
     dengan No. PJJ.04.04/00/10/2021/0525.

     Berdasarkan Keputusan Sirkuler Para Pemegang                    Based on Circular Shareholders’ Decision of
     Saham BIJB yang telah diaktakan dengan akta                     BIJB which has been notarized by notarial deed
     notaris Surjadi Jasin, S.H., No. 23 pada tanggal                of Surjadi Jasin, S.H., No. 23 dated September
     26 September 2019, Perusahaan (dahulu AP2)                      26, 2019, the Company (formerly AP2) owned
     memiliki penyertaan saham di BIJB sebesar                       investment in shares in BIJB amounted to
     Rp100.000 atau 6,01% kepemilikan. Perusahaan                    Rp100,000 or 6.01% ownership. The Company
     (dahulu AP2) telah melakukan pembayaran                         (formerly AP2) has made payments on the
     kepemilikan saham tersebut secara bertahap                      investments in stages of Rp32,000 on October 7,
     yaitu sebesar Rp32.000 pada tanggal 7 Oktober                   2019 and Rp68,000 on October 23, 2019.
     2019 dan Rp68.000 pada tanggal 23 Oktober
     2019.

     Berdasarkan Rapat Umum Pemegang Saham                           Based on Extraordinary General Meeting of
     Luar Biasa BIJB yang telah diaktakan dengan akta                Shareholders of BIJB which has been notarized
     notaris Surjadi Jasin, S.H., No. 9 pada tanggal                 by notarial deed of Surjadi Jasin, S.H., No. 9
     15 Desember 2020, Perusahaan (dahulu AP2)                       dated December 15, 2020,          the Company
     menambah penyertaan saham di BIJB sebesar                       (formerly AP2) made additional investment of
     Rp85.000 sehingga meningkatkan persentase                       Rp85,000 which increased their percentage
     kepemilikan menjadi 15,41%. Perusahaan                          ownership to 15.41%. The Company (formerly
     (dahulu AP2) telah melakukan pembayaran atas                    AP2) has fully paid the additional investment on
     penambahan kepemilikan saham tersebut pada                      April 1, 2020, May 29, 2020, and September 29,
     tanggal-tanggal 1 April 2020, 29 Mei 2020, dan                  2020 amounted Rp35,000, Rp15,000, and
     29 September 2020 dengan masing-masing                          Rp35,000, respectively.
     pembayaran masing-masing sebesar Rp35.000,
     Rp15.000, dan Rp35.000.

     Berdasarkan Akta Notaris Surjadi Jasin, S.H                     Based on Notarial Deed of Surjadi Jasin, S.H,
     No. 27 Tanggal 29 September 2021, Pemegang                      No. 27 dated September 29, 2021, the
     Saham menyetujui pengeluaran/ penempatan                        Shareholders approved the issuance or
     saham sebesar 99.968 lembar yang masing-                        placement of 99,968 shares with a par value of
     masing bernilai Rp1 dengan total Rp99.968 yang                  Rp1 with total value amounting to Rp99,968,
     seluruhnya diambil oleh Pemprov Jabar sehingga                  which all were acquired by Pemprov Jabar and
     persentase kepemilikan saham Perusahaan                         resulted the decrease of Company’s (formerly
     (dahulu AP2) terdilusi menjadi 14,62%.                          AP2) percentage of ownership into 14.62%.




                                                        117
Page 587
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                       13. LONG-TERM INVESTMENTS (continued)

  c. BIJB (lanjutan)                                             c. BIJB (continued)

     Berdasarkan Akta Notaris Surjadi Jasin, S.H No.                 Based on Notarial Deed of Surjadi Jasin, S.H,
     10 Tanggal 29 Desember 2021, Pemegang                           No. 10 dated December 29, 2021, the
     Saham menyetujui pengeluaran/ penempatan                        Shareholders approved the issuance or
     saham sebesar 50.000 lembar yang masing-                        placement of 50,000 shares with a par value of
     masing bernilai Rp1 dengan total Rp50.000 yang                  Rp1 with total value of Rp50,000, which all were
     seluruhnya diambil oleh Perusahaan (dahulu                      acquired by the Company (formerly AP2) and
     AP2) sehingga persentase kepemilikan saham                      made the Company’s (formerly AP2) percentage
     Perusahaan (dahulu AP2) menjadi 16,76%.                         of ownership into 16.76%.

     Berdasarkan Akta Notaris Yanti Yulianti, S.H.,                  Based on Notarial Deed of Yanti Yulianti, S.H,
     M.Kn No. 30 Tanggal 27 Desember 2023,                           M.Kn No. 30 dated December 27, 2023, the
     Pemegang Saham menyetujui pengeluaran/                          Shareholders approved the issuance or
     penempatan saham Perusahaan (dahulu AP2)                        placement of 50,000 shares with a par value of
     sebesar 50.000 lembar yang masing-masing                        Rp1 with total value of Rp50,000, which all were
     bernilai Rp1 dengan total Rp50.000 yang                         acquired by the Company (formerly AP2) and
     seluruhnya diambil oleh Perusahaan (dahulu                      made the Company’s (formerly AP2) percentage
     AP2) sehingga persentase kepemilikan saham                      of ownership into 18.79%.
     Perusahaan (dahulu AP2) menjadi 18,79%.

     Perusahaan (dahulu AP2) dan para pemegang                       The Company (formerly AP2) and the
     saham telah menyepakati perubahan jangka                        shareholders have agreed to change the term of
     waktu penyertaan saham BIJB menjadi tujuh                       the BIJB shareholding to seven years, from 2019
     tahun yaitu tahun 2019 sampai dengan tahun                      to 2026, in accordance with the second
     2026, sesuai dengan addendum kedua                              addendum to the Shareholders Agreement
     perubahan Perjanjian Para Pemegang Saham                        regarding the share ownership in BIJB, dated
     terkait kepemilikan saham di BIJB tanggal                       February 29, 2024, with agreement No.
     29 Februari       2024     dengan      No.                      PJJ.04.04/00/02/2024/0049.
     PJJ.04.04/00/02/2024/0049.

     Berdasarkan Rapat Umum Pemegang Saham                           Based on Extraordinary General Meeting of
     Luar Biasa BIJB yang telah diaktakan dengan akta                Shareholders of BIJB which has been notarized
     notaris Yanti Yulianti, S.H., M.Kn No. 43 pada                  by notarial deed of Yanti Yulianti, S.H., M.Kn No.
     tanggal 30 September 2024, Perusahaan (dahulu                   43 dated September 30, 2024, the Company
     AP2) menambah penyertaan saham di BIJB                          (formerly AP2) made additional investment of
     sebesar Rp31.000 sehingga meningkatkan                          Rp31,000 which increased their percentage
     persentase    kepemilikan     menjadi   19,51%.                 ownership to 19.51%. The Company (formerly
     Perusahaan (dahulu AP2) telah melakukan                         AP2) has fully paid the additional investment on
     pembayaran atas penambahan kepemilikan                          February 13, 2024.
     saham tersebut pada tanggal-tanggal 13 Februari
     2024.

     Berdasarkan    Berita   Acara    Kesepakatan                    Based on the Report of Agreement for the
     Penyetoran Modal Ketujuh Perusahaan pada                        Company’s Seventh Capital Contribution to BIJB
     BIJB nomor BAC.DU.1198/KU.04/2025 tanggal                       No. BAC.DU.1198/KU.04/2025 dated 18 March
     18 Maret 2025, Para Pihak sepakat untuk                         2025, the Parties agreed to allocate the
     mengatur kontribusi modal ketujuh Perusahaan                    Company’s seventh capital contribution to BIJB
     kepada    BIJB sebesar Rp13.000         untuk                   amounting to Rp13,000 for the fulfillment of
     pemenuhan kebutuhan aspek Safety, Security,                     Safety, Security, Service and Compliance
     Service and Compliance (3S+1C) dan kewajiban                    (3S+1C) requirements, as well as for the payment
     pembayaran konsesi dan/atau Penerimaan                          of concession fees and/or non-tax state revenue
     Negara Bukan Pajak (“PNBP”) atas jasa                           (“PNBP”) related to airport services. The
     kebandarudaraan. Perusahaan telah melakukan                     Company made the payment of Rp13,000 on
     pembayaran sebesar Rp13.000 tersebut pada                       March 27, 2025.
     tanggal 27 Maret 2025.




                                                        118
Page 588
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                       13. LONG-TERM INVESTMENTS (continued)

  c. BIJB (lanjutan)                                             c. BIJB (continued)

     Pada tanggal 31 Desember 2025, setoran modal                    As of 31 December 2025, the capital contribution
     tersebut masih dicatat sebagai uang muka                        was still recorded as an advance for investment
     penyertaan saham karena belum terdapat akta                     in shares, as no notarial deed for the increase in
     atas perubahan peningkatan modal ditempatkan                    issued and paid-up capital had yet been
     dan disetor tersebut.                                           executed.

     Perusahaan mencatat investasi saham pada                        The Company recorded its investments in shares
     BIJB menggunakan metode ekuitas karena                          in BIJB using the equity method due to significant
     pengaruh signifikan di investee sesuai PSAK 228:                influence over investee in accordance with PSAK
     Investasi pada Entitas Asosiasi dan Ventura                     228: Investment in Associates and Joint
     Bersama.                                                        Ventures.

  d. Railink                                                     d. Railink

     Railink merupakan perusahaan patungan antara                    Railink is a joint venture between the Company
     Perusahaan dengan PT Kereta Api Indonesia                       and PT Kereta Api Indonesia (Persero) (“KAI”) to
     (Persero) (“KAI”) yang bertugas untuk mengelola                 conduct the business activities of the airport train.
     kegiatan              usaha              kereta                 Railink was formed based on Business
     api bandara. Railink dibentuk berdasarkan                       Cooperation Agreement between the Company
     Perjanjian     Usaha       Kerjasama     antara                 (formerly       AP2)       and       KAI         No.
     Perusahaan (dahulu AP2) dengan KAI No.                          SPKS.023.1/KS.006/2006-APII           and        No.
     SPKS.023.1/KS.006/2006-APII         dan     No.                 98/HK/UM/2006 dated August 14, 2006.
     98/HK/UM/2006 tanggal 14 Agustus 2006.

     Berdasarkan akta perubahan anggaran dasar                       Based on the deed of establishment of No. 13
     Railink yang dibuat oleh Notaris Yulkhaizar                     dated August 15, 2008 prepared by Notary
     Panuh, S.H., No. 13 tanggal 15 Agustus 2008,                    Yulkhaizar Panuh, S.H., the investment in shares
     nilai penyertaan Perusahaan (dahulu AP2) di                     of the Company (formerly AP2) in Railink
     Railink adalah sebesar Rp40.000 atau 40%.                       amounted to Rp40,000 or 40%.

     Berdasarkan Surat Keputusan Menteri BUMN No.                    Based on Decree Letter from Ministry of BUMN
     S-447/MBU/2013 tanggal 5 Juli 2013, telah                       No. S-447/MBU/2013 dated July 5, 2013, it was
     disetujui untuk melakukan penambahan setoran                    approved to make additional contribution to the
     modal Perusahaan (dahulu AP2) kepada Railink                    capital of the Company (formerly AP2) to Railink
     sebesar Rp59.600 sehingga jumlah setoran                        amounting to Rp59,600 hence total amount of the
     modal Perusahaan (dahulu AP2) menjadi                           Company’s paid in capital became Rp99,600 with
     Rp99.600 dengan persentase kepemilikan tetap.                   the same percentage of ownership.

     Pada tahun 2016, Perusahaan (dahulu AP2)                        On 2016, the Company (formerly AP2) have
     melakukan penambahan setoran modal kepada                       additional capital contribution to Railink
     Railink sebesar Rp124.800 sehingga jumlah                       amounting to Rp124,800 where the Company’s
     setoran modal Perusahaan (dahulu AP2) di                        (formerly AP2) capital contribution in Railink
     Railink menjadi Rp224.400 dengan persentase                     become amounting to Rp224,400 with the same
     kepemilikan tetap.                                              percentage of ownership.

     Pada tahun 2019, Perusahaan (dahulu AP2)                        On 2019, the Company (formerly AP2) have
     melakukan penambahan setoran modal kepada                       additional capital contribution to Railink
     Railink sebesar Rp91.600 yang terdiri dari                      amounting to Rp91,600 which consist of
     konversi pinjaman pemegang saham sebesar                        conversion of shareholder loan amounting to
     Rp51.800 dan tunai sebesar Rp39.800 sehingga                    Rp51,800 and cash of Rp39,800 where the
     jumlah setoran modal Perusahaan (dahulu AP2)                    Company’s (formerly AP2) capital contribution in
     di Railink menjadi Rp316.000 dengan persentase                  Railink became Rp316,000 with the same
     kepemilikan tetap.                                              percentage of ownership.




                                                        119
Page 589
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                       13. LONG-TERM INVESTMENTS (continued)

  d. Railink (lanjutan)                                          d. Railink (continued)

     Berdasarkan Akta Notaris Hadijah S.H No. 14                     Based on Notarial Deed of Hadijah SH No. 14,
     Tanggal 12 Mei 2020, Pemegang Saham                             dated May 12, 2020, the Shareholders approved
     menyetujui penambahan modal dasar PT Railink                    the addition of PT Railink’s authorized capital
     yang semula sebesar Rp790.000 yang terbagi                      from Rp790,000 which was consist of 790,000
     atas 790.000 lembar saham menjadi Rp839.400                     shares to become Rp839,400 consist of 839,400
     yang terbagi dalam 839.400 lembar saham dan                     shares and approved the issuance or placement
     menyetujui pengeluaran/penempatan saham                         of unauthorized shares of 29,640 shares with a
     yang masih disimpan sebesar 29.640 lembar                       par value of Rp1 with total value of Rp29,640,
     yang masing-masing bernilai Rp1 dengan total                    which all were acquired by KAI and resulted the
     Rp29.640 yang seluruhnya diambil oleh KAI                       decrease of Company’s (formerly AP2)
     sehingga    persentase kepemilikan saham                        percentage of ownership into 38.55%.
     Perusahaan (dahulu AP2) terdilusi menjadi
     38,55%.

     Berdasarkan Akta Notaris Ariani L. Rachim, S.H.                 Based on Notarial Deed of Ariani L. Rachim, S.H.
     No. 06 Tanggal 19 April 2021, Pemegang Saham                    No. 06, dated April 19, 2021, the Shareholders
     menyetujui pengeluaran/ penempatan saham                        approved the issuance or           placement of
     yang masih disimpan sebesar 19.760 lembar                       unauthorized shares of 19,760 shares with a par
     yang masing-masing bernilai Rp1 dengan total                    value of Rp1 with total value of Rp19,760, which
     Rp19.760 yang seluruhnya diambil oleh                           all were acquired by the Company (formerly AP2)
     Perusahaan (dahulu AP2) sehingga persentase                     and resulted the Company’s (formerly AP2)
     kepemilikan saham Perusahaan (dahulu AP2)                       percentage of ownership into 40.00%.
     menjadi 40,00%.

     Berdasarkan Akta Notaris Ariani L. Rachim, S.H.                 Based on Notarial Deed No. 05 of Ariani L.
     No. 05 Tanggal 27 Januari 2023 yang disahkan                    Rachim, S.H. dated January 27, 2023 which was
     oleh Kementrian Hukum dan Hak Asasi Manusia                     authorized by the Ministry of Law and Human
     No. AHU-AH.01.03-0017880 tanggal 31 Januari                     Rights No. AHU-AH.01.03-0017880 dated
     2023, Pemegang Saham menyetujui perubahan                       January 31, 2023, the Shareholders approved the
     peningkatan modal ditempatkan/disetor dengan                    amendment of increase the issued/paid-up
     penerbitan saham baru sebanyak 40.000 lembar                    capital through the issuance of 40,000 new
     saham yang masih-masing bernilai Rp1,                           shares with a value of Rp1 each, based on the
     berdasarkan total nilai atas dana pinjaman KAI                  total amount of KAI's loan fund of Rp24,000 and
     sebesar Rp24.000 dan dana talangan dan injeksi                  the Company's (formerly AP2) cash injection of
     kas dari Perusahaan (dahulu AP2) sebesar                        Rp16,000 which has been deposited by the
     Rp16.000 yang telah disetorkan oleh Perusahaan                  Company (formerly AP2) in two phases dated on
     (dahulu AP2) dalam dua tahap yaitu pada tanggal                 March 30, 2022 and August 4, 2022 which are
     30 Maret 2022 dan 4 Agustus 2022 masing-                        amounting to Rp8,429 and Rp7,571, respectively.
     masing sebesar Rp8.429 dan Rp7.571.

     Perusahaan mencatat investasi saham pada                        The Company recorded its investments in shares
     Railink menggunakan metode ekuitas karena                       in Railink using the equity method due to
     pengaruh signifikan atas investee sesuai PSAK                   significant influence over investee in accordance
     228: Investasi pada Entitas Asosiasi dan Ventura                with PSAK 228: Investment in Associates and
     Bersama.                                                        Joint Ventures.

  e. JBT                                                         e. JBT

     JBT bergerak dalam bidang pengusahaan jalan                     JBT is engaged in the operation of Nusa Dua -
     tol Nusa Dua - Ngurah Rai - Benoa.                              Ngurah Rai - Benoa toll road.

     Investasi dalam saham pada JBT merupakan                        Investments in shares in JBT is an investment
     konsorsium investasi pembangunan jalan tol                      consortium highway construction Nusa Dua -
     Nusa Dua - Ngurah Rai - Benoa di daerah Bali                    Ngurah Rai - Benoa in Bali by several state-
     oleh beberapa Perusahaan BUMN.                                  owned companies.



                                                        120
Page 590
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                          13. LONG-TERM INVESTMENTS (continued)

  e. JBT (lanjutan)                                                 e. JBT (continued)

       Perusahaan (dahulu AP1) memiliki 59.635 saham                    The Company (formerly AP1) owned 59,635
       atau sebesar Rp59.635.000.000 (nilai penuh) dan                  shares or equivalent with Rp59,635,000,000 (full
       tambahan modal disetor lainnya sebesar                           amount) and have additional paid-in capital
       Rp14.908.400.000 (nilai penuh) dengan jumlah                     amounting to Rp14,908,400,000 (full amount)
       kepemilikan sebesar 8,00%.                                       with total ownership of 8.00%.

       Berdasarkan Akta Keputusan Rapat No. 46                          Based on the Deed of Meeting Resolutions
       tanggal 22 Oktober 2020 oleh Leolin Jayayanti,                   No. 46 dated October 22, 2020 of Leolin
       S.H., Notaris di Jakarta. Dalam anggaran dasar,                  Jayayanti, S.H., Notary in Jakarta. In its articles of
       Perusahaan (dahulu AP1) setuju untuk                             association, the Company (formerly AP1) agreed
       meningkatkan        modal       disetor      dari                to increase the authorized capital from
       Rp745.434.000.000 (nilai penuh) menjadi                          Rp745,434,000,000         (full    amount)          to
       Rp1.440.434.000.000 (nilai penuh). Berdasarkan                   Rp1,440,434,000,000 (full amount). Based on the
       Akta Keputusan Rapat No. 24 tanggal                              Deed of Meeting Resolutions No. 24 dated
       12 November 2020 yang dibuat dihadapan Leolin                    November 12, 2020 made in the presence of
       Jayayanti,     S.H     Notaris     di    Jakarta,                Leolin Jayayanti, S.H., Notary in Jakarta, PT Jasa
       PT    Jasa     Marga     (Persero)    Tbk.   dan                 Marga (Persero), Tbk. and PT Wijaya Karya
       PT Wijaya Karya (Persero) Tbk. melakukan                         (Persero), Tbk. have additional paid-in capital of
       tambahan         modal      disetor      sebesar                 Rp200,000,000,000 (full amount), which resulted
       Rp200.000.000.000 (nilai penuh), sehingga                        the dilution of the Company’s (formerly AP1)
       membuat dilusi atas kepemilikan Perusahan                        ownership in JBT from 8.00% to 6.31%.
       (dahulu AP1) di JBT dari 8,00% menjadi 6,31%.

       Perusahaan mencatat investasi saham pada JBT                     The Company recorded its investments in shares
       menggunakan metode ekuitas karena pengaruh                       in JBT using the equity method due to significant
       signifikan atas investee sesuai PSAK 228:                        influence over investee in accordance with PSAK
       Investasi pada Entitas Asosiasi dan Ventura                      228: Investment in Associates and Joint Venture.
       Bersama.

  f.   BIB                                                          f. BIB

       BIB didirikan untuk mengelola kegiatan aktivitas                 BIB was estabilished to manage business
       bisnis seperti pengembangan, operasi, dan                        activites such as the development, operating and
       pengelolaan kegiatan bandara yang didalamnya                     managing airport activities including aircraft and
       termasuk layanan pesawat dan penumpang,                          passenger service, activites or businesses and
       kegiatan atau bisnis dan kegiatan layanan terkait                related service activities or businesses to support
       atau bisnis untuk mendukung kegiatan layanan                     aircraft operation service activites at Hang Nadim
       operasi pesawat di Bandara Internasional Hang                    International Airport, Batam.
       Nadim, Batam.

       Investasi di BIB merupakan penyertaan saham                      Investment in BIB is an investment in shares in a
       pada perusahaan ventura bersama yang dibentuk                    joint venture company by a consortium of
       oleh konsorsium Perusahaan (dahulu AP1),                         the    Company      (formerly AP1),      Incheon
       Incheon International Airport Corporation,                       International Airport Corporation, PT Wijaya
       PT Wijaya Karya (Persero), Tbk. (“Konsorsium                     Karya     (Persero),    Tbk.   (“AP1-IIAC-WIKA
       AP1-IIAC-WIKA”) dalam Proyek Kerja Sama                          Consortium”) in a Cooperation Project between
       Pemerintah dengan Badan Usaha (KPBU)                             Government with Business Entities (KPBU) Hang
       Bandar Udara Hang Nadim. Perusahaan (dahulu                      Nadim Airport. The Company (formerly AP1) has
       AP1) memiliki 296.523.690 lembar saham atau                      296,523,690 shares or Rp296,523,690,000 (full
       sebesar Rp296.523.690.000 (nilai penuh) dengan                   amount) and with ownership of 51.00%.
       jumlah kepemilikan sebesar 51,00%.




                                                           121
Page 591
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


13. INVESTASI JANGKA PANJANG (lanjutan)                          13. LONG-TERM INVESTMENTS (continued)

  f.   BIB (lanjutan)                                               f. BIB (continued)

       Berdasarkan Akta      Keputusan Sirkuler Para                    Based on the Circular Resolution of the
       Pemegang Saham BIB yang telah diaktakan                          Shareholders of BIB, as notarized by Notarial
       dengan akta notaris Stefani Agustina, S.H., M.Kn.                Deed of Stefani Agustina, S.H., M.Kn., No. 26
       No. 26 tanggal 25 Juni 2025 di Batam. Dalam                      dated June 25, 2025 in Batam, the Company
       anggaran dasar, Perusahaan setuju untuk                          agreed to increase its paid-up capital by
       meningkatkan modal disetor sebesar Rp 148.920                    Rp148,920, resulting in the Company’s share
       sehingga persentase kepemilikan saham                            ownership increasing to 56.09%.
       Perusahaan menjadi 56,09%.

       Berdasarkan Keputusan Sirkuler sebagai                           Based on the Circular Resolution in Lieu of the
       Pengganti Rapat Umum Pemegang Saham BIB                          General Meeting of Shareholders of BIB
       No.      KEP.DU.396/RT.01/2025         tanggal                   No. KEP.DU.396/RT.01/2025 dated September
       30 September 2025, para pemegang saham                           30, 2025, the shareholders approved the
       menyetujui pembagian dividen kepada seluruh                      distribution of dividends to all shareholders in
       pemegang saham sesuai dengan porsi                               proportion to their respective ownership, whereby
       kepemilikannya, dimana Perusahaan selaku                         the Company, as the holder of 56.09% of the
       pemegang 56,09% saham memperoleh dividen                         shares, is entitled to receive a dividend amounting
       sebesar Rp13.778. Keputusan tersebut sekaligus                   to Rp13,778. This resolution also served as the
       menjadi dasar bagi BIB untuk melakukan proses                    basis for BIB to carry out the bank account
       konfirmasi rekening dan realisasi pembayaran                     confirmation process and the subsequent
       dividen kepada masing-masing pemegang                            realization of dividend payments to each
       saham.                                                           shareholder.

       Perusahaan mencatat investasi saham pada BIB                     The Company recorded its investments in shares
       menggunakan metode ekuitas karena pengaruh                       in BIB using the equity method due to significant
       signifikan atas investee sesuai PSAK 228:                        influence over investee in accordance with
       Investasi pada Entitas Asosiasi dan Ventura                      PSAK 228: Investment in Associates and Joint
       Bersama.                                                         Venture

  g. PT Purantara Mitra Angkasa Dua (“PMAD)                         g. PT Purantara Mitra Angkasa Dua (“PMAD)

       Kepemilikan Perusahaan (dahulu AP2) di PMAD                      The Company’s (formerly AP2) ownership in
       sebesar 0,11% merupakan kompensasi sewa                          PMAD amounting to 0.11% represents a land
       tanah selama periode 11 (sebelas) tahun 3 (tiga)                 lease compensation for 11 (eleven) years and 3
       bulan sesuai dengan perjanjian sewa tanah                        (three) months in accordance with the land lease
       No.SPSW.02.1/TU.308/APII-2000 tanggal 1 Mei                      agreement       No.SPSW.02.1/TU.308/APII-2000
       2000 yang kemudian diadendum melalui surat                       dated May 1, 2000 which has been amended by
       perjanjian     tambahan      (adendum)         I                 letter of additional agreement (addendum) I
       No. ADD.I.SPSW.12/TU.308/2002-AP II tanggal                      No. ADD.I.SPSW.12/TU.308/2002-AP II dated
       15 April 2002.                                                   April 15, 2002.

       Perusahaan mencatat investasi saham atas                         The Company recognizes its investment in PMAD
       PMAD menggunakan nilai wajar melalui                             at fair value through other comprehensive
       penghasilan komprehensif lain.                                   income.




                                                           122
Page 592
                                                                                                                                              The original consolidated financial statements included herein
                                                                                                                                                                                are in Indonesian language.

           PT ANGKASA PURA INDONESIA                                                                                                                               PT ANGKASA PURA INDONESIA
               DAN ENTITAS ANAKNYA                                                                                                                                      AND ITS SUBSIDIARY
             CATATAN ATAS LAPORAN                                                                                                                                  NOTES TO THE CONSOLIDATED
            KEUANGAN KONSOLIDASIAN                                                                                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                                                                          As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                                                                                                                        for the Year Then Ended
           (Disajikan dalam Jutaan Rupiah,                                                                                                                         (Expressed in Millions of Rupiah,
               Kecuali Dinyatakan Lain)                                                                                                                               Unless Otherwise Stated)


14. PROPERTI INVESTASI                                                                                                               14. INVESTMENT PROPERTIES

      Rincian properti investasi adalah sebagai berikut:                                                                                           The details of investment properties are as follows:
                                                                          Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                                    Year Ended December 31, 2025

                                               Saldo Awal/
                                                Beginning                     Penambahan/                           Pengurangan/                Reklasifikasi/                      Saldo Akhir/
                                                 Balance                        Additions                            Deductions                Reclassifications                   Ending Balance

          Biaya Perolehan                                                                                                                                                                                               Acquisitions Cost
             Tanah                                       71.331                                     -                                -                                -                       71.331                             Lands
             Bangunan gedung                            173.230                               257.896                                -                                -                      431.126                         Buildings

          Jumlah                                        244.561                               257.896                                -                                -                      502.457                                Total
                                                                                                                                                                                                                         
          

          Akumulasi Penyusutan                                                                                                                                                                                   Accumulated Depreciation
            Bangunan gedung                                  72.078                               11.225                             -                                -                       83.303                          Buildings
                                                                                                                                                                                   

          Penurunan Nilai                                                                                                                                                                                                Impairment Loss
            Bangunan gedung                                  24.157                                    -                             -                                -                       24.157                         Buildings
                                                                                                                                                                                                                         

          Nilai buku                                    148.326                                                                                                                              394.997                          Book value




                                                                              Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                                       Year Ended December 31, 2024
                                                                                                                                                                                      


                                    Saldo Awal/
                                      Beginning                   Penambahan/                     Pengurangan/ Reklasifikasi/   Dekonsilidasi/  Saldo Akhir/
                             
                                       Balance              
                                                                   Additions                
                                                                                                   Deductions Reclassiciations Deconsolidation Ending Balance
                                                                                                                                                                                                   



          Biaya Perolehan                                                                                                                                                                                               Acquisitions Cost
             Tanah                         82.086                                 -                                  -                         (40)                 (10.715)                     71.331                          Lands
             Bangunan gedung              201.070                                 -                                  -                           -                  (27.840)                    173.230                      Buildings
                                                                                                                                                                                     

          Jumlah                          283.156                                 -                                  -                         (40)                 (38.555)                    244.561                             Total
                                                                                                                                                                                     

          Akumulasi Penyusutan                                                                                                                                                                                   Accumulated Depreciation
            Bangunan gedung                   74.416                          3.620                                  -                             -                 (5.958)                     72.078                       Buildings
                                                                                                                                                                                     

          Penurunan Nilai                                                                                                                                                                                                Impairment Loss
            Bangunan gedung                   23.007                          1.150                                  -                             -                               -             24.157                      Buildings
                                                                                                                                                                                     

          Nilai buku                      185.733                                                                                                                                              148.326                        Book value



      Nilai wajar properti investasi Perusahaan ditentukan                                                                                         The Company’s fair value of investment properties
      berdasarkan Nilai Jual Objek Pajak (NJOP),                                                                                                   is determined based on the Selling Value of Tax
      manajemen berkeyakinan bahwa NJOP telah                                                                                                      Object (NJOP), management believes that the
      mendekati nilai wajarnya.                                                                                                                    NJOP is close to its fair value.

      Penghasilan sewa Kelompok Usaha dari properti                                                                                                Group’s rental income from investment properties for
      investasi untuk tahun yang berakhir pada tanggal                                                                                             the year ended December 31, 2025 and 2024
      31 Desember 2025 dan 2024 masing-masing                                                                                                      amounted to Rp28,836 and Rp13,589, respectively.
      sebesar Rp28.836 dan Rp13.589.




                                                                                                                               123
Page 593
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


14. PROPERTI INVESTASI (lanjutan)                             14. INVESTMENT PROPERTIES (continued)

   Properti investasi Kelompok Usaha terutama terdiri            The Group's investment properties mainly consist
   dari:                                                         of:
   - Tanah ex-PPD yang berada di Jalan Kramat                    - Ex-PPD land located in Jalan Kramat Raya No.
      Raya No. 21 DKI Jakarta seluas 16.101 m2 dan                   21 DKI Jakarta totaling 16,101m2 and in Jalan
      di Jalan Batas II Kebagusan Pasar Minggu                       Batas II Kebagusan Pasar Minggu Jakarta
      Jakarta Selatan seluas 14.303 m2 dengan jumlah                 Selatan totaling 14,303 m2 with total amount of
      tercatat sebesar Rp56.088 dan jumlah sebesar                   Rp56,088 and land certificate expense totaling
      Rp55 yang merupakan biaya sertifikasi atas                     Rp55 relating to ex-PPD land in Jalan Kramat
      tanah ex-PPD yang berada di Jalan Kramat Raya                  Raya No.21 DKI Jakarta totaling 16,101 m2 and
      No.21 DKI Jakarta seluas 16.101 m2 dan di Jalan                in Jalan Batas II Kebagusan Pasar Minggu
      Batas II Kebagusan Pasar Minggu Jakarta                        Jakarta Selatan totaling 14,303 m2.
      Selatan seluas 14.303 m2.
   - Tanah yang berada di Desa Saentis, Kecamatan                -   Land located at Saentis Village, Sub-District
      Percut Sei Tuan, Kabupaten Deli Serdang seluas                 Percut Sei Tuan, District Deli Serdang with an
      40.000 m2 dengan jumlah tercatat Rp19.                         area of 40,000 m2 with carrying amount of Rp19.
   - Tanah dan bangunan yang merupakan tanah,                    -   Land and buildings which consist of land, building
      bangunan dan ruang yang dimanfaatkan oleh                      and space utilized by other parties for airport
      pihak lain untuk ruang tunggu di bandara,                      lounge, warehouse, hotel, and office area
      pergudangan, hotel dan perkantoran di kawasan                  Soekarno-Hatta and Kualanamu Airports area
      Bandara Soekarno-Hatta dan Kualanamu                           which are amounting Rp30,549.
      sejumlah Rp30.549.
   - Bangunan perkantoran, pergudangan, dan                      -   Office buildings, warehouses, and supporting
      sarana pelengkap di kawasan Soewarna                           facilities located in the Soewarna Business Park,
      Business Park, Cengkareng (Catatan 43v).                       Cengkareng (Note 43v).
   - Private jet hangar yang berada di Denpasar,                 -   Private jet hangar in Denpasar, Land in Rawasari
      tanah di Rawasari Jakarta, gudang kargo di                     Jakarta, a cargo warehouse in Surabaya, and
      Surabaya, dan lainnya.                                         others.

   Berdasarkan hasil penelaahan terhadap adanya                  Based on the results of review for impairment at the
   penurunan nilai pada akhir periode, manajemen                 end of the period, the management believes that the
   berkeyakinan bahwa penyisihan atas penurunan nilai            above allowance for impairment of investment
   properti investasi di atas cukup untuk menutup                properties is sufficient to cover losses from
   kerugian atas penurunan nilai properti investasi              impairment of such investment properties.
   tersebut.




                                                        124
Page 594
                                                                                                         The original consolidated financial statements included herein
                                                                                                                                           are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                                      Unless Otherwise Stated)


15. ASET TETAP                                                                                      15. FIXED ASSETS

  Rincian aset tetap adalah sebagai berikut:                                                                The details of fixed assets are as follows:
                                                            Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                      Year Ended December 31, 2025

                                       Saldo Awal/
                                        Beginning            Penambahan/             Pengurangan/           Reklasifikasi/         Saldo Akhir/
                                         Balance               Additions              Deductions           Reclassifications      Ending Balance

   Harga Perolehan                                                                                                                                                         Acquisition cost
   Kepemilikan Langsung                                                                                                                                                    Direct Ownership
     Tanah                                11.760.316                         -                      -                      1            11.760.317                                   Land
     Bangunan lapangan                    30.836.755                         -                (14.101)             1.828.635            32.651.289                         Field buildings
     Bangunan gedung                      21.534.520                       435                   (136)             2.687.651            24.222.470                               Buildings
     Kendaraan bermotor                    2.138.923                    30.551                      -                  2.052             2.171.526                               Vehicles
     Mesin dan peralatan                   8.900.965                    50.519                      -              1.271.805            10.223.289            Machinery and equipment
     Perlengkapan terminal                                                                                                                                                  Terminal and
         dan gedung                        5.111.126                     76.784                  (163)                318.399            5.506.146                building equipment
     Instalasi dan jaringan               12.301.317                     16.703                  (252)              1.245.367           13.563.135              Installation and network
     Aset dalam penyelesaian               5.979.767                  3.729.068               (37.379)             (7.376.979)           2.294.477            Assets under construction

   Jumlah                                 98.563.689                  3.904.060               (52.031)               (23.069)          102.392.649                                           Total


   Akumulasi penyusutan                                                                                                                                        Accumulated depreciation
   Kepemilikan Langsung                                                                                                                                                    Direct Ownership
     Bangunan lapangan                        8.942.220                957.175                      -                      -             9.899.395                         Field buildings
     Bangunan gedung                          5.253.032                573.954                     (8)                  (759)            5.826.219                               Buildings
     Kendaraan bermotor                       1.682.051                 86.999                      -                      -             1.769.050                               Vehicles
     Mesin dan peralatan                      6.008.305                480.700                      -                  4.332             6.493.337            Machinery and equipment
     Perlengkapan terminal                                                                                                                                                  Terminal and
         dan gedung                           2.953.273                306.500                       -                 (3.530)           3.256.243                building equipment
     Instalasi dan jaringan                   6.691.253                773.736                       -                    (43)           7.464.946              Installation and network

   Jumlah                                 31.530.134                  3.179.064                    (8)                      -           34.709.190                                           Total

   Cadangan penurunan nilai                     215.617                123.808                       -                      -             339.425                  Allowance for impairment

   Nilai buku                             66.817.938                                                                                    67.344.034                                 Book value



                                                             Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                        Year Ended December 31, 2024

                                Saldo Awal/
                                 Beginning          Penambahan/          Pengurangan/         Reklasifikasi/        Dekonsolidasi/       Saldo Akhir/
                                  Balance            Additions            Deductions         Reclassifications     Deconsolidations     Ending Balance

   Harga Perolehan                                                                                                                                                        Acquisition cost
   Kepemilikan Langsung                                                                                                                                                    Direct Ownership
      Tanah                        11.780.637                1.171                      -              1.550                (23.042)         11.760.316                               Land
      Bangunan lapangan            30.487.390                3.115                   (384)           323.739                 22.895          30.836.755                     Field buildings
      Bangunan gedung              22.131.502                    -                      -             80.723               (677.705)         21.534.520                          Buildings
      Kendaraan bermotor            2.964.647                2.259                 (1.415)             9.035               (835.603)          2.138.923                           Vehicles
      Mesin dan peralatan          10.008.513               20.672                (13.042)           114.389             (1.229.567)          8.900.965          Machinery and equipment
      Perlengkapan terminal
          dan gedung                5.183.592                28.547                (1.766)            12.707              (111.954)           5.111.126   Terminal and building equipment
      Instalasi dan jaringan       12.189.074                 7.116                  (163)           101.865                 3.425           12.301.317            Installation and network
      Lain-lain                         2.829                     -                     -                                   (2.829)                   -                              Others
      Aset dalam penyelesaian       4.611.746             2.041.833                (2.706)          (647.694)              (23.412)           5.979.767        Assets under construction

   Jumlah                          99.359.930             2.104.713               (19.476)               (3.686)         (2.877.792)         98.563.689                                Total


   Akumulasi penyusutan                                                                                                                                          Accumulated depreciation
   Kepemilikan Langsung                                                                                                                                                    Direct Ownership
      Bangunan lapangan             7.958.933              974.900                    (67)                    -              8.454            8.942.220                     Field buildings
      Bangunan gedung               4.856.062              557.473                      -                     -           (160.503)           5.253.032                          Buildings
      Kendaraan bermotor            2.261.592              104.801                 (1.238)                    -           (683.104)           1.682.051                           Vehicles
      Mesin dan peralatan           6.434.625              518.420                (12.025)                    -           (932.715)           6.008.305          Machinery and equipment
      Perlengkapan terminal
          dan gedung                2.713.519              306.955                     -                      -            (67.201)           2.953.273   Terminal and building equipment
      Instalasi dan jaringan        5.907.110              785.924                  (130)                     -             (1.651)           6.691.253           Installation and network
      Lain-lain                         1.474                    -                     -                      -             (1.474)                   -                             Others

   Jumlah                          30.133.315             3.248.473               (13.460)                    -          (1.838.194)         31.530.134                                Total

   Cadangan penurunan nilai           157.504               67.953                      -                     -              (9.840)           215.617              Allowance for impairment

   Nilai buku                      69.069.111                                                                                                66.817.938                          Book value




                                                                                             125
Page 595
                                                                       The original consolidated financial statements included herein
                                                                                                         are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


15. ASET TETAP (lanjutan)                                          15. FIXED ASSETS (continued)

   Aset dalam penyelesaian merupakan proyek yang                         Assets under construction represents projects that
   masih belum selesai pada tanggal laporan posisi                       have not been completed at the date of the
   keuangan konsolidasian dengan rincian sebagai                         consolidated statements of financial position with the
   berikut:                                                              details as follows:

                                             31 Desember/ December 31, 2025

                                   Perkiraan %                             Tahun Perkiraan
                                  Penyelesaian/                             Penyelesaian/
                                   Estimated %       Nilai Tercatat/       Estimated Years
                                  of Completion     Carrying Value          of Completion

    Tanah                                 98,02%             156.437             2026-2028                                        Land
    Bangunan lapangan                     57,08%             413.860             2026-2028                              Field buildings
    Bangunan gedung                       79,70%           1.611.166             2026-2028                                    Buildings
    Mesin dan peralatan                   67,48%               4.073             2026-2028                  Machinery and equipment
    Instalasi dan jaringan                45,52%              77.199             2026-2028                   Installation and network
    Lain-lain                             72,32%              31.742             2026-2028                                      Others

    Jumlah                                                 2.294.477                                                             Total


                                             31 Desember/ December 31, 2024

                                   Perkiraan %                             Tahun Perkiraan
                                  Penyelesaian/                             Penyelesaian/
                                   Estimated %       Nilai Tercatat/       Estimated Years
                                  of Completion     Carrying Value          of Completion

    Tanah                                 95,04%              17.210             2025-2027                                        Land
    Bangunan lapangan                     84,01%           1.363.473             2025-2027                              Field buildings
    Bangunan gedung                       76,11%           4.069.559             2025-2027                                    Buildings
    Mesin dan peralatan                   50,04%             388.686             2025-2027                  Machinery and equipment
    Instalasi dan jaringan                25,12%              97.933             2025-2027                   Installation and network
    Lain-lain                             52,12%              42.906             2025-2027                                      Others

    Jumlah                                                 5.979.767                                                             Total



   Pada tanggal 31 Desember 2025 dan 2024, tidak ada                    As of December 31, 2025 and 2024, none of the
   aset tetap yang dijaminkan oleh Kelompok Usaha.                      Group’s fixed assets were pledged as collateral.

   Pada tanggal 31 Desember 2025 dan 2024 aset                           As of December 31, 2025 and 2024, the Company's
   tetap Perusahaan diasuransikan dengan nilai                           fixed assets are insured with coverage values of
   pertanggungan         masing-masing       sebesar                     Rp29,643,638 and Rp34,872,234, respectively.
   Rp29.643.638 dan Rp34.872.234. Manajemen                              Management believes that the insurance coverage
   berpendapat bahwa nilai pertanggungan asuransi                        is sufficient to cover potential losses on the insured
   tersebut cukup untuk menutupi kemungkinan                             fixed assets.
   kerugian atas aset tetap yang dipertanggungkan.

   Cadangan penurunan nilai terdiri dari penurunan nilai                 Allowance for impairment loss were mainly
   terutama terdiri atas:                                                represents reduction in cost value of:
   - Aset tetap yang rusak, tidak ditemukan, tidak                       - Fixed assets that are damaged, missing, not
       dimanfaatkan, atau dikuasai oleh pihak lain.                         utilized, or controlled by other parties.
   - Aset tetap dari PMN yang telah divaluasi ulang                      - Fixed assets from PMN that have been revalued
       oleh KJPP Joko Suratno berdasarkan laporannya                        by KJPP Joko Suratno based on its report dated
       tertanggal 18 Maret 2024 dengan penurunan nilai                      March 18, 2024 with impairment loss of
       sebesar Rp20.185 dari nilai PMN.                                     Rp20,185 from the PMN amount.
   - Aset dalam penyelesaian berupa kajian                               - Assets under construction in the form of planning
       perencanaan, yang belum terealisasikan.                              studies that have not been realized.




                                                            126
Page 596
                                                                                                      The original consolidated financial statements included herein
                                                                                                                                        are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                                  PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                                         AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                             As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                            (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                                  Unless Otherwise Stated)


15. ASET TETAP (lanjutan)                                                                     15. FIXED ASSETS (continued)

   Berdasarkan hasil penelaahan terhadap adanya                                                            Based on the results of review for impairment at the
   penurunan nilai pada akhir periode, manajemen                                                           end of the period, the management believes that the
   berkeyakinan bahwa penyisihan atas penurunan                                                            above allowance for impairment of fixed assets is
   nilai aset tetap di atas cukup untuk menutup                                                            sufficient to cover losses from impairment of such
   kerugian atas penurunan nilai aset tetap tersebut.                                                      fixed assets.

   Untuk tahun yang berakhir pada tanggal                                                                  For the years then ended December 31, 2025 and
   31 Desember 2025 dan 2024, Perusahaan                                                                   2024, the Company capitalized borrowing costs as
   mengkapitalisasi biaya bunga pinjaman sebagai                                                           part of the acquisition cost of assets under
   bagian dari biaya perolehan aset dalam                                                                  construction amounting to Rp38,351 and Rp38,478,
   penyelesaian masing-masing sebesar Rp38.351 dan                                                         respectively. The Company capitalized borrowing
   Rp38.478. Perusahaan mengkapitalisasi biaya                                                             costs in accordance with PSAK 223, “Capitalization
   pinjaman sesuai dengan ketentuan di PSAK 223,                                                           of Borrowing Costs”.
   “Kapitalisasi Biaya Pinjaman”.

   Berdasarkan      surat  korespondensi    Menteri                                                        Based on the correspondence letter from the Minister
   Pertahanan Republik Indonesia (“Menhan RI”)                                                             of Defense of the Republic of Indonesia (“Menhan
   kepada Badan Pengelola Investasi Daya Anagata                                                           RI”) to Badan Pengelola Investasi Daya Anagata
   Nusantara      (“BPI    Danantara”)   tertanggal                                                        Nusantara (“BPI Danantara”) dated 25 November
   25 November 2025, Menhan RI menyampaikan                                                                2025, Menhan RI conveyed a request for
   permohonan izin atas penggunaan lahan milik                                                             authorization to use the Company’s land located at
   Perusahaan yang berlokasi di Bandar Udara                                                               Sultan Hasanuddin International Airport, Makassar,
   Internasional Sultan Hasanuddin, Makassar, yang                                                         which will be utilized for national defense purposes.
   akan digunakan untuk kepentingan pertahanan
   negara.

   Pada tanggal 31 Desember 2025 dan 2024, tidak                                                           As of December 31, 2025 and 2024, there are no
   terdapat aset tetap yang dihentikan dari penggunaan                                                     fixed assets classified as terminated from active use
   aktif oleh Perusahaan.                                                                                  by the Company.

16. ASET HAK-GUNA DAN LIABILITAS SEWA                                                         16. RIGHT-OF-USE                              ASSETS     AND          LEASE
                                                                                                  LIABILITIES

   a. Aset Hak-Guna                                                                                        a. Right-of-Use Assets

        Di bawah ini adalah jumlah tercatat aset hak-                                                         Below are the carrying amounts of right-of-use
        guna yang diakui dan pergerakannya selama                                                             assets recognized and the movements during
        periode tersebut:                                                                                     the period:
                                                       Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                 Year Ended December 31, 2025
                                                                                                                               

                                    Saldo Awal/
                                     Beginning             Penambahan/            Pengurangan/             Modifikasi/              Saldo Akhir/
                                      Balance               Additions              Deductions              Modification            Ending Balance

         Harga Perolehan                                                                                                                                                  Cost
           Tanah                         535.511                480.046                       -                 (254.406)                 761.151                     Land
           Bangunan                            -                 23.103                       -                        -                   23.103                 Buildings
           Kendaraan                       9.961                  2.944                  (1.767)                       -                   11.138                  Vehicles
           Peralatan                      88.908                181.204                 (47.584)                       -                  222.528                Equipment

         Jumlah biaya
           perolehan                     634.380                687.297                 (49.351)                (254.406)               1.017.920                   Total cost

         Dikurangi:                                                                                                                                                      Less:
         Akumulasi Amortisasi                                                                                                                        Accumulated Amortization
            Tanah                         91.394                 18.439                 (28.283)                          -                81.550                     Land
            Bangunan                           -                  1.925                       -                           -                 1.925                 Buildings
            Kendaraan                      3.840                 11.742                  (1.767)                          -                13.815                 Vehicles
            Peralatan                     62.814                 51.106                 (47.584)                          -                66.336               Equipment

         Total akumulasi                                                                                                                                    Total accumulated
            amortisasi                   158.048                 83.212                 (77.634)                          -               163.626              amortization

         Nilai buku                      476.332                                                                                          854.294              Net book value


                                                                                      127
Page 597
                                                                                                                             The original consolidated financial statements included herein
                                                                                                                                                               are in Indonesian language.

           PT ANGKASA PURA INDONESIA                                                                                                              PT ANGKASA PURA INDONESIA
               DAN ENTITAS ANAKNYA                                                                                                                     AND ITS SUBSIDIARY
             CATATAN ATAS LAPORAN                                                                                                                 NOTES TO THE CONSOLIDATED
            KEUANGAN KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                                                         As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                                                                                                       for the Year Then Ended
           (Disajikan dalam Jutaan Rupiah,                                                                                                        (Expressed in Millions of Rupiah,
               Kecuali Dinyatakan Lain)                                                                                                              Unless Otherwise Stated)


16. ASET HAK-GUNA                            DAN               LIABILITAS                  SEWA                           16. RIGHT-OF-USE       ASSETS                                              AND            LEASE
    (lanjutan)                                                                                                                LIABILITIES (continued)

      b. Aset Hak-Guna (lanjutan)                                                                                               b. Right-of-Use Assets (continued)

              Di bawah ini adalah jumlah tercatat aset hak-                                                                                Below are the carrying amounts of right-of-use
              guna yang diakui dan pergerakannya selama                                                                                    assets recognized and the movements during
              periode tersebut:                                                                                                            the period:
                                                                           Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                                    Year Ended December 31, 2024
                                                                                                                                                                      

                                          Saldo Awal/                                                                                      Efek Dekonsolidasi/
                                           Beginning               Penambahan/             Pengurangan/             Reklasifikasi/          Deconsolidation              Saldo Akhir/
                                            Balance                 Additions               Deductions             Reclassification               Effect                Ending Balance

               Harga Perolehan                                                                                                                                                                                          Cost
                  Tanah                         542.007                       -                        -                         -                    (6.496)                  535.511                                Land
                  Bangunan                       28.049                       -                        -                         -                   (28.049)                        -                            Buildings
                  Kendaraan                      29.498                   6.143                   (9.900)                        -                   (15.780)                    9.961                             Vehicles
                  Peralatan                      43.280                  13.935                 (210.259)                        -                   241.952                    88.908                           Equipment

               Jumlah biaya
                  perolehan                     642.834                  20.078                 (220.159)                        -                   191.627                   634.380                             Total cost

               Dikurangi:                                                                                                                                                                                             Less:
               Akumulasi Amortisasi                                                                                                                                                                Accumulated Amortization
                  Tanah                          69.255                  19.032                        -                         -                     3.107                    91.394                               Land
                  Bangunan                       24.758                   6.549                        -                         -                   (31.307)                        -                           Buildings
                  Kendaraan                      18.599                   3.742                   (5.071)                        -                   (13.430)                    3.840                            Vehicles
                  Peralatan                      26.515                  65.468                 (206.583)                        -                   177.414                    62.814                          Equipment

               Total akumulasi
                  amortisasi                    139.127                  94.791                 (211.654)                        -                   135.784                   158.048         Total accumulated amortization

               Nilai buku                       503.707                                                                                                                        476.332                        Net book value




              Manajemen berkeyakinan bahwa seluruh aset                                                                                    Management believes that all of these right-of-
              hak-guna tersebut dapat dipulihkan, sehingga                                                                                 use assets can be recovered, hence no
              tidak diperlukan penyisihan penurunan nilai.                                                                                 allowance of impairment is necessary.

      b. Liabilitas Sewa                                                                                                       b. Lease Liabilities

              Ringkasan komponen perubahan liabilitas yang                                                                                 Summary of component of changes in the
              timbul dari sewa adalah sebagai berikut:                                                                                     liabilities arising from leases is as follow:
                                                                          31 Desember 2025/                          31 Desember 2024/
                                                                          December 31, 2025                          December 31, 2024

                   Liabilitas Sewa                                                                                                                                                                   Lease Liabilities
                     Saldo awal                                                                  723.080                                        686.756                                           Beginning balance
                     Penambahan selama                                                                                                                                                                       Addition
                        tahun berjalan                                                           687.297                                      20.078                                               during the year
                     Pertambahan bunga                                                            74.026                                      63.173                                             Accretion of interest
                     Pembayaran                                                                 (242.661)                                   (103.547)                                                      Payments
                     Modifikasi                                                                                                                                                                             Contract
                        kontrak                                                                 (255.559)                                               -                                             modification
                     Pengakhiran                                                                                                                                                                            Contract
                        kontrak                                                                                -                                 (8.712)                                                termination
                     Dekonsolidasi                                                                             -                                 65.332                                             Deconsolidation

                   Jumlah                                                                        986.183                                        723.080                                                                 Total


              Rincian liabilitas sewa adalah sebagai berikut:                                                                              The detail of lease liabilities is as follows:

                                                                          31 Desember 2025/                          31 Desember 2024/
                                                                          December 31, 2025                          December 31, 2024

                   Liabilitas Sewa                                                                                                                                                                   Lease Liabilities
                     Bagian jangka pendek                                                        107.974                                        104.550                                              Current portion
                     Bagian jangka panjang                                                       878.209                                        618.530                                           Non-current portion

                   Jumlah                                                                        986.183                                        723.080                                                                 Total


                                                                                                               128
Page 598
                                                                                           The original consolidated financial statements included herein
                                                                                                                             are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                                                      PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                                         NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                                                 As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                                                (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                                                      Unless Otherwise Stated)


16. ASET HAK-GUNA               DAN       LIABILITAS         SEWA                  16. RIGHT-OF-USE       ASSETS                            AND          LEASE
    (lanjutan)                                                                         LIABILITIES (continued)

  Jumlah yang diakui dalam laporan laba rugi adalah                                          Amounts recognized in statement of profit or loss
  sebagai berikut:                                                                           are as follows:

                                                       Tahun yang Berakhir pada Tanggal
                                                                 31 Desember/
                                                           Year Ended December 31,

                                                             2025                            2024
        Bunga atas liabilitas sewa (Catatan 39)                        74.026                       63.173                   Interest on lease liabilities (Note 39)
        Beban penyusutan aset hak-guna                                                                                         Depreciation of right-of-use assets
          (Catatan 34)                                                 83.212                       94.791                                               (Note 34)


  Jumlah yang diakui dalam laporan arus kas adalah                                          Amount recognized in statement of cash flow is as
  sebagai berikut:                                                                          follows:
                                                       Tahun yang Berakhir pada Tanggal
                                                                 31 Desember/
                                                           Year Ended December 31,

                                                             2025                            2024
        Jumlah kas keluar untuk:                                                                                                            Total cash outflow for:
          Pembayaran                                                  242.661                    103.547                                               Payment

  Kelompok Usaha memiliki beberapa kontrak sewa                                              The Group has several lease contracts that contain
  yang berisi opsi perpanjangan dan opsi penghentian                                         extension and termination options. These options
  sewa. Opsi-opsi ini dinegosiasikan oleh manajemen                                          are negotiated by management to provide flexibility
  untuk mendapatkan fleksibilitas dalam mengelola                                            in managing the leased-asset portfolio and align with
  portoflio aset sewaan dan menyesuaikan dengan                                              the Group’s business needs. Management
  kebutuhan bisnis dari Kelompok Usaha. Manajemen                                            exercises significant judgement in determining
  mengeksekusi pertimbangan dalam menentukan                                                 whether these extension and termination options are
  apakah opsi perpanjangan dan terminasi tersebut                                            reasonably certain to be exercised.
  cukup pasti untuk dieksekusi.

17. ASET TAKBERWUJUD                                                               17. INTANGIBLE ASSETS

  Mutasi aset takberwujud adalah sebagai berikut:                                           The mutation of intangible assets as follows:
                                                  Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                             Year Ended December 31, 2025
                         

                                   Saldo Awal/
                                    Beginning       Penambahan/         Pengurangan/         Reklasifikasi/       Saldo Akhir/
                                     Balance         Additions           Deductions         Reclassification     Ending Balance

   Biaya Perolehan                                                                                                                                             Cost
      Perangkat lunak                   427.657                   -                    -             34.656             462.313                          Software

   Jumlah biaya perolehan               427.657                   -                    -             34.656             462.313                           Total cost

   Dikurangi:                                                                                                                                               Less:
   Akumulasi Amortisasi                                                                                                                  Accumulated Amortization
      Perangkat lunak                   358.861            16.493                      -                     -          375.354                       Software

   Nilai buku                            68.796                                                                          86.959                      Net book value




                                                                            129
Page 599
                                                                                              The original consolidated financial statements included herein
                                                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                            Unless Otherwise Stated)


17. ASET TAKBERWUJUD (lanjutan)                                                            17. INTANGIBLE ASSETS (continued)

  Mutasi aset takberwujud adalah sebagai berikut:                                                The mutation of intangible assets as follows:
  (lanjutan)                                                                                     (continued)
                                                       Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                  Year Ended December 31,2024

                                Saldo Awal/
                                 Beginning      Penambahan/      Pengurangan/        Reklasifikasi/     Dekonsolidasi/      Saldo Akhir/
                                  Balance        Additions        Deductions        Reclassifications   Deconsolidation    Ending Balance

   Biaya Perolehan                                                                                                                                                         Cost
      Perangkat lunak                 441.318             19                    -            12.868             (26.548)          427.657                           Software
      Aset dalam penyelesaian           4.983              -                    -                 -              (4.983)                -           Assets under construction

   Jumlah biaya perolehan             446.301             19                    -            12.868             (31.531)          427.657                            Total cost

   Dikurangi:                                                                                                                                                          Less:
   Akumulasi Amortisasi                                                                                                                             Accumulated Amortization
      Perangkat lunak                 358.612         20.127                    -                  -            (19.878)          358.861                        Software

   Nilai buku                          87.689                                                                                       68.796                      Net book value




  Aset takberwujud - perangkat lunak terutama                                                    Intangible assets - software mainly represents the
  merupakan biaya instalasi, implementasi dan jasa                                               cost of installation, implementation and consultation
  konsultasi pendukung perangkat lunak ERP.                                                      support service of ERP software.

  Beban amortisasi atas aset seluruhnya dibebankan                                               Amortization expenses of intangible were entirely
  kepada “Beban Operasional Bandara” (Catatan 34).                                               charged to “Airport Operation Expenses” (Note 34).

18. ASET TIDAK LANCAR LAINNYA                                                              18. OTHER NON-CURRENT ASSETS

  Aset tidak lancar lainnya terutama terdiri dari                                                Other non-current assets majority consists of
  merupakan alat bantu navigasi yang belum                                                       navigation support equipment that have not been
  diserahkan Perusahaan (dahulu AP2) kepada                                                      transferred yet by the Company (formerly AP2) to
  LPPNPI.                                                                                        LPPNPI.

  Saldo akun ini pada tanggal 31 Desember 2025 and                                               The balance of this account as of December 31,
  2024 masing-masing sebesar Rp28.212 dan                                                        2025 and 2024 amounted to Rp28,212 and
  Rp25.262.                                                                                      Rp25,262, respectively.

19. UTANG USAHA                                                                            19. TRADE PAYABLES

  Utang usaha terdiri dari:                                                                      Trade payables consists of:
                                                       31 Desember 2025/               31 Desember 2024/
                                                       December 31, 2025               December 31, 2024

   Pihak Berelasi (Catatan 41)                                                                                                               Related Parties (Note 41)
     Rupiah                                                              77.408                         224.687                                              Rupiah
     Dolar AS                                                                 -                              18                                           US Dollar

   Subjumlah                                                             77.408                         224.705                                                  Subtotal

   Pihak Ketiga                                                                                                                                      Third Parties
     Rupiah                                                                                                                                              Rupiah
        PT Airkon Pratama                                                30.817                              4.943                        PT Airkon Pratama
        PT Meta Estetika Graha                                           25.429                                  -                    PT Meta Estetika Graha
        PT Hasta Adhiraya                                                20.540                                463                        PT Hasta Adhiraya
        PT Teratai Widjaja                                               10.456                                  -                         PT Teratai Widjaja
        PT Citra Sembilansatu                                             7.998                             33.533                     PT Citra Sembilansatu
        PT IATA Indonesia Services                                            -                             13.837                PT IATA Indonesia Services
        Lainnya (masing-masing                                                                                                                  Others (each
           dibawah Rp10 miliar)                                         101.247                         117.119                         below Rp10 billion)
     Dolar AS                                                                                                                                         US Dollar
        GVK Services Indonesia                                           34.302                             33.031                   GVK Services Indonesia

   Subjumlah                                                            230.789                         202.926                                                  Subtotal

   Jumlah                                                               308.197                         427.631                                                       Total

                                                                                    130
Page 600
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


19. UTANG USAHA (lanjutan)                                       19. TRADE PAYABLES (continued)

   Analisa umur utang usaha adalah sebagai berikut:                 The aging analysis of trade payables is as follows:

                                          31 Desember 2025/    31 Desember 2024/
                                          December 31, 2025    December 31, 2024

      0 - 1 tahun                                   270.061               393.389                                     0 - 1 year
      1 - 2 tahun                                     2.117                    23                                    1 - 2 years
      2 - 3 tahun                                        34                   251                                    2 - 3 years
      Lebih dari 3 tahun                             35.985                33.968                             More than 3 years

      Jumlah                                        308.197               427.631                                         Total


   Utang usaha tidak dijamin, tidak dikenakan bunga                  Trade payables are unsecured, non-interest bearing
   dan umumnya dikenakan syarat pembayaran antara                    and generally on 1 to 60 days terms of payment.
   1 hari sampai dengan 60 hari.

20. LIABILITAS JANGKA PENDEK LAINNYA                             20. OTHER CURRENT LIABILITIES

  Liabilitas jangka pendek lainnya terdiri dari:                     Other current liabilities consists of:

                                          31 Desember 2025/    31 Desember 2024/
                                          December 31, 2025    December 31, 2024

   Perolehan Aset Tetap                                                                          Acquisition of Fixed Assets
   Pihak berelasi (Catatan 41)                     1.051.841              827.920                   Related parties (Note 41)

   Pihak ketiga                                                                                                  Third parties
      PT Citra Sembilansatu                          36.754                 9.006                   PT Citra Sembilansatu
      Len Woojin Consortium                          24.897                24.897                  Len Woojin Consortium
      PT LRT Jakarta                                 20.426                 2.065                          PT LRT Jakarta
      PT Jaya Teknik Indonesia                       17.294                15.001                PT Jaya Teknik Indonesia
      PT Dexter Wika Sinergi                         16.594               198.108                  PT Dexter Wika Sinergi
      PT Bahana Sekuritas                            15.720                 7.432                    PT Bahana Sekuritas
      PT Multi Prada Mandiri                         13.722                 2.098                   PT Multi Prada Mandiri
      PT Schneider Indonesia                         11.194                   445                  PT Schneider Indonesia
      PT Luker Abadi Selalu                           9.371                 5.444                   PT Luker Abadi Selalu
      PT Banyuaji Cook Atelairs                       8.818                 8.818                PT Banyuaji Cook Atelairs
      PT Bumi Inti Persada Raya                       6.418                 5.046               PT Bumi Inti Persada Raya
      PT Dasyama Ihsan Kreasi                         5.983                 2.290                PT Dasyama Ihsan Kreasi
      PT Rasindo Tata Laksana                         5.631                     -                PT Rasindo Tata Laksana
      PT Mechatronic Mitra Solusi                     5.478                 2.479              PT Mechatronic Mitra Solusi
      PT Rayaconsult                                  5.310                 5.310                         PT Rayaconsult
      PT Cakra Manggilingan Jaya                      5.256                 5.256              PT Cakra Manggilingan Jaya
      PT Equnie Global                                    -                 7.570                        PT Equine Global
      Lain-lain (dibawah Rp5 miliar)                216.797               124.500                Others (below Rp5 billion)

   Jumlah perolehan aset tetap                     1.477.504            1.253.685           Total acquisition of fixed assets

   Jaminan pelanggan                                170.383               151.490                          Customer deposits
   Titipan pembayaran                               147.755               175.223                         Payment advances
   Jaminan pelaksanaan                              112.062               163.519                    Performance guarantees
   Titipan lainnya                                   32.287                35.523                             Other deposits
   Titipan collection fee                            18.871                18.834                     Collection fee deposits
   Titipan BMKG dan DJU                              15.114                14.580                    BMKG and DJU deposits
   Titipan koperasi                                  14.208                11.840                       Cooperative deposits
   Utang iuran                                        2.627                 5.143                      Contribution payables
   Utang SKBDN (Catatan 5)                                -               385.215                       SKBDN debt (Note 5)
   Lain-lain                                          4.285                 3.644                                     Others

   Jumlah                                          1.995.096            2.218.696                                         Total




                                                           131
Page 601
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


20. LIABILITAS     JANGKA        PENDEK         LAINNYA            20. OTHER CURRENT LIABILITIES (continued)
    (lanjutan)

   Perolehan aset tetap merupakan utang kepada                        Acquisition of fixed assets represents payable to the
   kontraktor sehubungan proyek-proyek aset tetap                     contractors in relation with the Group’s fixed assets
   Kelompok Usaha yang dibangun oleh kontraktor                       projects which are constructed by the contractors
   (Catatan 15).                                                      (Note 15).

  Jaminan pelanggan merupakan uang jaminan yang                       Customer deposits represent cash deposit given by
  diberikan oleh pelanggan sehubungan dengan sewa                     customer that consists of deposits for space rental,
  ruangan, tanah, listrik, air dan telepon di awal                    land rental, electrical and water installation at the
  perjanjian.                                                         beginning of the contract.

  Titipan pembayaran terutama merupakan selisih                      Payment advances mainly represents the excess or
  lebih/ kelebihan penerimaan sejumlah uang/ kas dari                surplus of cash received from customers or other
  customer atau entitas lain yang belum dapat                        entities whose usage has not yet been identified.
  diidentifikasi penggunaannya.

  Jaminan pelaksanaan merupakan jaminan yang                         Performance guarantees represents guarantee from
  diberikan oleh kontraktor sehubungan dengan                        contractors engaged in the Company’s projects.
  proyek-proyek Perusahaan.

  Titipan lainnya terdiri dari titipan Indonesia Financial           Other deposits consist of deposits from the
  Group (IFG), titipan pengelola, titipan Tunjangan                  Indonesia Financial Group (IFG), management
  Hari Tua (THT) dan Dana Pensiun Lembaga                            deposits, Retirement Allowance (THT) and the
  Keuangan (DPLK), titipan listrik, serta titipan Zakat,             Financial Institution Pension Fund (DPLK),
  Infak, dan Sedekah (ZIS)                                           electricity deposits, as well as Zakat, Infaq, and
                                                                     Sadaqah (ZIS) deposits.

  Titipan collection fee merupakan kelebihan                         The collection fee deposits represents excess
  pembayaran Passenger Service Charge (”PSC”)                        Passenger Service Charge (“PSC”) payments from
  dari maskapai                                                      airlines.

21. BEBAN AKRUAL                                                   21. ACCRUED EXPENSES

   Akun ini terdiri dari akrual untuk biaya-biaya sebagai            This account consists of accruals for the following
   berikut:                                                          expenses:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

    Umum dan pemeliharaan                           2.271.417            1.560.640                    General and maintenance
    Beban konsesi kepada                                                                                       Concession fee to
      Direktorat Jenderal                                                                                 Directorate General
      Perhubungan Udara (“DJPU”)                      572.140              788.047                   of Civil Aviation (“DJPU”)
    Biaya pegawai                                     228.845              239.027                          Employees expense
    Konsultan                                         208.178              111.249                                     Consultant
    Bunga                                              96.767              114.786                                         Interest
    Sewa                                               71.925               69.520                                          Rental
    Persediaan                                         47.354               18.437                                       Inventory
    Lain-lain                                         271.847              123.829                                          Others

    Jumlah                                          3.768.473            3.025.535                                          Total


   Beban akrual umum dan pemeliharaan terutama                        Accrued expenses related to general and
   merupakan akrual untuk pemeliharaan, kebersihan,                   maintenance represent accruals for maintenance,
   keamanan, perbaikan dan perawatan aset tetap,                      cleaning, security, repairs and maintenance of fixed
   telekomunikasi, kesehatan dan collection fee                       assets, telecommunications, health and collection
   Kelompok Usaha.                                                    fees of the Group.


                                                             132
Page 602
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


21. BEBAN AKRUAL (lanjutan)                                    21. ACCRUED EXPENSES (continued)

  Akrual beban konsesi kepada DJPU merupakan                      Concession to DJPU represents obligations arising
  kewajiban yang timbul sehubungan dengan konsesi                 from concessions granted by DJPU to the Company
  oleh DJPU kepada Perusahaan untuk melakukan                     for the provision of airport services activities (Note
  kegiatan pelayanan jasa kebandarudaraan (Catatan                43a).
  43a).

  Beban akrual biaya pegawai mencakup beban                       Accrued expenses related to employee expenses
  manfaat pegawai diantaranya beban tunjangan hari                consist of employee benefits expenses including
  raya, beban cuti, beban lembur, beban uang makan                religious holiday allowance expenses, leave
  harian yang akan dibayarkan Kelompok Usaha                      expenses, overtime expenses, daily meal
  kepada pegawai.                                                 allowances which will be paid by the Group to
                                                                  employees.

22. LIABILITAS KONTRAK                                         22. CONTRACT LIABILITIES

  Liabilitas kontrak terdiri dari:                                Contract liabilities consist of:

                                        31 Desember 2025/   31 Desember 2024/
                                        December 31, 2025   December 31, 2024

   Sewa ruang                                     136.435              125.966                                Space rental
   Sewa tanah                                      67.038                6.440                                 Land rental
   Pemasangan reklame                              13.849               22.339                      Advertising installation
   Konsesi dan airport pass                         1.939               75.235                 Concession and airport pass
   Lain-lain                                        4.819                4.789                                      Others

   Jumlah                                         224.080              234.769                                        Total


  Liabilitas kontrak terdiri dari penerimaan uang dari            Contract liabilities consist of cash received from
  pelanggan sehubungan dengan sewa ruang, sewa                    customers in related to space rental, land rental,
  tanah, pemasangan reklame, dan lainnya, akan                    advertising installation, and other related services,
  tetapi jasa tersebut belum diberikan ke pelanggan.              when services have not been delivered to the
                                                                  customers.

23. LIABILITAS TUNJANGAN HARI TUA DAN DANA                     23. RETIREMENT AND PENSION FUND LIABILITIES
    PENSIUN

  Pada tanggal 31 Desember 2025 dan 2024, akun ini                As of December 31, 2025 and 2024, this account
  terutama merupakan kewajiban pembayaran premi                   mainly represents payable of insurance premium
  asuransi dan iuran dana pensiun.                                and pension fund contribution.

  Saldo akun ini pada tanggal 31 Desember 2025 dan                The balance of this account as of December 31, 2025
  2024 masing-masing sebesar Rp65.389 dan                         and 2024, amounted to Rp65,389 and Rp62,925,
  Rp62.925.                                                       respectively.




                                                         133
Page 603
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                             PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                               24. LONG-TERM BANK AND OTHER FINANCIAL
   LAINNYA - JANGKA PANJANG                                          INSTITUTIONS LOANS

  Utang bank dan lembaga keuangan lainnya jangka                      Long-term bank and other financial institution loans
  panjang terdiri dari:                                               consist of:
                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

     Perusahaan                                                                                                The Company
     Pihak berelasi (Catatan 41)                  21.724.508            24.392.431                    Related parties (Note 41)

     Pihak ketiga                                                                                                  Third parties
       PT Bank Maybank                                                                                    PT Bank Maybank
         Indonesia Tbk. (“Maybank”)                2.821.432             3.408.276             Indonesia Tbk. (“Maybank”)
       PT Bank Central Asia Tbk. (“BCA”)           2.642.483             2.755.665        PT Bank Central Asia Tbk. (“BCA”)
       PT Bank DKI (“Bank Jakarta”)                1.627.728             1.697.446             PT Bank DKI (“Bank Jakarta”)
       PT Bank Danamon                                                                                   PT Bank Danamon
         Indonesia Tbk. (“Danamon”)                1.196.859             1.248.122            Indonesia Tbk. (“Danamon”)
       PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
         Jawa Timur Tbk. (“Bank Jatim”)              957.487               998.498         Jawa Timur Tbk. (“Bank Jatim”)
       PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
         Papua (“Bank Papua”)                        478.744               499.249                  Papua (“Bank Papua”)
       PT Bank Muamalat                                                                                  PT Bank Muamalat
         Indonesia Tbk. (“Muamalat”)                 462.300               482.567            Indonesia Tbk. (“Muamalat”)
       PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
         Daerah Istimewa                                                                                 Daerah Istimewa
         Yogyakarta (“Bank DIY”)                     191.497               199.700                Yogyakarta (“Bank DIY”)
       PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
         Bali (“Bank Bali”)                           95.749                99.850                       Bali (“Bank Bali”)
       PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
         Jawa Tengah (“Bank Jateng”)                       -               455.000           Jawa Tengah (“Bank Jateng”)

       Subjumlah                                  10.474.279            11.844.373                                   Subtotal

     Jumlah                                       32.198.787            36.236.804                                        Total
     Dikurangi biaya pinjaman yang
       belum diamortisasi                           (219.283)             (274.346)             Less unamortized cost of loans
                                                                                               Less current portion of long-term
     Dikurangi bagian yang jatuh                                                                    bank and other financial
       tempo dalam satu tahun                     (3.727.676)           (4.014.128)                          institution loans

     Porsi jangka panjang                         28.251.828            31.948.330                          Long-term portion




                                                           134
Page 604
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                            24. LONG-TERM BANK AND OTHER FINANCIAL
   LAINNYA - JANGKA PANJANG (lanjutan)                             INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP1)                                         The Company (formerly AP1)

  Restrukturisasi Pinjaman                                        Loan Restructuring

  Sehubungan dengan kondisi operasi dan keuangan                  In connection with the Company (formerly AP1)’s
  Perusahaan (dahulu AP1), pada tanggal 30 Juni                   operational and financial condition, on June 30,
  2022,      Perusahaan      (dahulu      AP1) telah              2022, the Company (formerly AP1) signed an
  menandatangani Perjanjian Restrukturisasi Induk                 Agreement for Restructuring with PT Bank Mandiri
  dengan PT Bank Mandiri (Persero) Tbk. (“Bank                    (Persero) Tbk. (“Bank Mandiri”), PT Bank Negara
  Mandiri”), PT Bank Negara Indonesia (Persero) Tbk.              Indonesia (Persero) Tbk. (“Bank BNI”), PT Bank
  (“Bank BNI”), PT Bank Syariah Indonesia Tbk.                    Syariah Indonesia Tbk. (Persero) (“Bank BSI”), PT
  (Persero) (“Bank BSI”), PT Bank Tabungan Negara                 Bank Tabungan Negara (Persero) Tbk. (“Bank
  (Persero) Tbk. (“Bank BTN”), Bank Jatim, Bank                   BTN”), Bank Jatim, Bank Jakarta, Bank Papua, Bank
  Jakarta, Bank Papua, Bank DIY, Bank Bali,                       DIY, Bank Bali, Danamon, for all its existing
  Danamon, untuk seluruh saldo pinjaman yang masih                outstanding loans. In July 15, 2022, BCA, PT
  terutang. Pada tanggal 15 Juli 2022, BCA,                       Indonesia Infrastructure Finance (“IIF”), PT Bank
  PT Indonesia Infrastructure Finance (“IIF”),                    Rakyat Indonesia (Persero) Tbk. (“Bank BRI”), and
  PT Bank Rakyat Indonesia (Persero) Tbk. (“Bank                  PT Sarana Multi Infrastruktur (Persero) (“SMI”) have
  BRI”), dan PT Sarana Multi Infrastruktur (Persero)              signed accession document which acts as a proof of
  (“SMI”) telah menandatangani dokumen aksesi yang                submission to the above loan restructuring
  menyatakan penundukan diri terhadap perjanjian                  agreement.
  restrukturisasi pinjaman tersebut di atas.

  Perjanjian restrukturisasi pinjaman ini mengubah                This loan restructuring agreement has changed
  beberapa ketentuan-ketentuan dari perjanjian                    several terms from previous loan agreements with its
  pinjaman sebelumnya dari masing masing kreditur                 creditors such as changes in maturity date of loans,
  yaitu perubahan jangka waktu pinjaman, suku bunga               interest rates and payment schedules of loan
  dan jadwal pembayaran pokok pinjaman dan bunga.                 principal and interests. Under this agreement, Bank
  Dalam perjanjian ini, Bank Mandiri bertindak sebagai            Mandiri acts as a facility agent, guarantee agent and
  agen fasilitas, agen jaminan dan agen penampungan.              collecting agent.

  Berdasarkan perjanjian restrukturisasi pinjaman ini,            Based on this loan restructuring agreement, all loans
  seluruh pinjaman dikenakan suku bunga dan indikasi              bear interest at 5% for 2022 - 2023, LPS + 2%
  bagi hasil sebesar 5% untuk tahun 2022 - 2023, LPS              margin for 2024 - 2028, and LPS + 2.5% margin for
  + margin 2% untuk tahun 2024 - 2028, dan LPS +                  2029 - 2031. Interest rate paid during 2022 and 2023
  margin 2,5% untuk tahun 2029 - 2031. Tingkat suku               is 2%, of which the remaining will be deferred and
  bunga yang dibayarkan selama tahun 2022 dan 2023                paid in 2025-2026 (Note 20).
  adalah sebesar 2%, dimana sisanya akan
  ditangguhkan dan dibayarkan pada tahun 2025-2026
  (Catatan 20).

  Selain itu, apabila selama tahun 2022 dan 2023                  In addition, if during 2022 and 2023 there is an
  terdapat kenaikan tingkat suku bunga LPS dari yang              increase of interest rate from the LPS interest rate
  berlaku pada 1 Juni 2022, maka Perusahaan (dahulu               which prevailing on June 1, 2022, then, the
  AP1) akan membayarkan selisih tingkat suku bunga                Company (formerly AP1) will pay the difference in
  tersebut setelah seluruh bunga yang tertunggak telah            interest rates after all outstanding interest has been
  dilunasi atau paling lambat pada 2027 dan 2028.                 settled, or at the latest by 2027 and 2028.




                                                         135
Page 605
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                           24. LONG-TERM BANK AND OTHER FINANCIAL
    LAINNYA - JANGKA PANJANG (lanjutan)                           INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP1) (lanjutan)                             The Company (formerly AP1) (continued)

  Restrukturisasi Pinjaman (lanjutan)                            Loan Restructuring (continued)

  Pada tanggal 19 Maret 2025 dan 28 Mei 2025,                    On March 19, 2025 and May 28, 2025, the Company
  Perusahaan melakukan pembayaran dipercepat                     made accelerated payments on the deferred interest
  atas bunga ditangguhkan masing-masing sebesar                  which are amounting to Rp130,541 and Rp391,622,
  Rp130.541 dan Rp391.622.                                       respectively.

  Pada tanggal 28 Mei 2025, Perusahaan melakukan                 On May 28, 2025, the Company made an
  pembayaran dipercepat atas selisih tingkat suku                accelerated payment for the LPS interest rate
  bunga LPS sebesar Rp178.421.                                   differential amounting to Rp178,421.

  Pada tanggal 7 Agustus 2024 dan 31 Desember                    On August 7, 2024 and December 31, 2024, the
  2024, Perusahaan (dahulu AP1) melakukan                        Company (formerly AP1) made accelerated
  pembayaran dipercepat atas bunga ditangguhkan                  payments on the deferred interest which are
  masing-masing sebesar Rp13.152 dan Rp826.057.                  amounting     to Rp13,152  and    Rp826,057,
                                                                 respectively.

  Setelah tanggal efektif, Perusahaan (dahulu AP1)               After the effective date, the Company (formerly AP1)
  wajib untuk membayar angsuran pokok pinjaman                   is required to pay the principal installments on a
  secara triwulanan dengan tanggal jatuh tempo                   quarterly basis with the latest due date on December
  terakhir adalah pada tanggal 23 Desember 2031.                 23, 2031.

  Terkait dengan perjanjian di atas, Perusahaan                  Related to the above agreement, the Company
  (dahulu AP1) juga telah menandatangani perjanjian              (formerly AP1) has also signed an account pawn
  gadai rekening dan pengelolaan rekening dengan                 agreement and account management with Bank
  Bank Mandiri. Rekening ini digunakan untuk                     Mandiri. These accounts will be used to pay the loans
  pembayaran pinjaman dan dikelola penuh oleh Bank               and are fully managed by Bank Mandiri.
  Mandiri.

  Pinjaman ini dijamin dengan setiap rekening                    This loan is secured by each debt payment account,
  pembayaran utang, rekening cadangan pembayaran                 debt service reserve account, and deleveraging
  utang    dan   rekening penerimaan         program             program receivable account to the facility providers.
  deleveraging kepada para pemberi fasilitas. Khusus             Specifically regarding the pledge on the deleveraging
  sehubungan dengan         gadai   atas     rekening            program receivable account, the pledge will be
  penerimaan program deleveraging, jaminan gadai                 released after the borrower has utilized the funds
  tersebut akan dilepaskan setelah nasabah telah                 from the deleveraging program up to a cumulative
  menggunakan dana hasil program deleveraging                    amount of Rp10,500,000 for accelerated payment
  tersebut sampai dengan jumlah kumulatif sebesar                and capital expenditures in accordance with the
  Rp10.500.000 untuk pelunasan dipercepat dan                    terms on the agreement.
  belanja modal sesuai ketentuan perjanjian.




                                                        136
Page 606
                                                                        The original consolidated financial statements included herein
                                                                                                          are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                                 PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                            As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                           (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                                    24. LONG-TERM BANK AND OTHER FINANCIAL
    LAINNYA - JANGKA PANJANG (lanjutan)                                    INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP1) (lanjutan)                                      The Company (formerly AP1) (continued)

  Restrukturisasi Pinjaman (lanjutan)                                     Loan Restructuring (continued)

  Utang bank jangka panjang yang direkstrukturisasi                       Restructured long-term bank loans consist of:
  terdiri dari:

                                              Jumlah Utang          Saldo Pinjaman
                                            Direstrukturisasi/     December 31, 2025/
                                            Amount of Loan           Balance as of
                                              Restructured         December 31, 2025

    Sindikasi 2019 - BCA Mandiri                   4.000.000               3.829.949               Syndicated 2019 - BCA Mandiri
    Sindikasi Mandiri, BRI, BCA, SMI, IIF          3.799.054               3.637.546        Syndicated Mandiri, BRI, BCA, SMI, IIF
    Bilateral 2019 - Mandiri                       3.000.000               2.872.461                       Bilateral 2019 - Mandiri
    Sindikasi 2019 - BPD                           2.500.000               2.393.718                      Syndication 2019 - BPD
    Bilateral 2018 - SMI                           2.000.000               1.914.974                           Bilateral 2019 - SMI
    Bilateral 2018 - BTN                           2.000.000               1.914.974                          Bilateral 2018 - BTN
    Bilateral 2020 - Danamon                       1.250.000               1.196.859                    Bilateral 2020 - Danamon
    Bilateral 2020 - DKI (KMK)                     1.000.000                 957.487                   Bilateral 2020 - DKI (KMK)
    Bilateral 2019 - BTN                           1.000.000                 957.487                          Bilateral 2019 - BTN
    Bilateral 2019 - BSI                           1.000.000                 957.487                           Bilateral 2019 - BSI
    Bilateral 2018 - BSI                           1.000.000                 957.487                           Bilateral 2018 - BSI
    Bilateral 2021 - BNI                             886.585                 848.894                           Bilateral 2021 - BNI

    Jumlah                                        23.435.639              22.439.323                                          Total


  Pada tanggal 31 Desember 2025 dan 2024,                                 As of December 31, 2025 and 2024, the Company
  Perusahaan membayar pinjaman pokok utang bank                           made repayments of long-term bank loan principal
  jangka panjang masing-masing sebesar Rp961.113                          amounting to Rp961,113 (including an accelerated
  (termasuk pembayaran dipercepat Rp23.688 pada                           payment of Rp23,688 on August 5, 2025) and
  tanggal 5 Agustus 2025) dan Rp12.901.                                   Rp12,901, respectively.

  Perusahaan diwajibkan untuk mempertahankan                              The Company is required to maintain certain
  rasio-rasio keuangan tertentu selama periode                            financial ratios during the period of loan agreement
  perjanjian pinjaman sebagai berikut:                                    as follows:
  - Debt Service Coverage Ratio (“DSCR”) minimal                           - Debt Service Coverage Ratio (“DSCR”) minimum
       sebesar 1 kali sejak tahun 2023;                                       of 1 time since 2023;
  - Debt to Equity Ratio (“DER”) maksimum sebesar                          - Debt Equity Ratio (“DER”) maximum of 5 times
       5 kali untuk tahun 2022-2024 dan maksimum                              for the year 2022-2024 and maximum of 3 times
       sebesar 3 kali sejak tahun 2025;                                       since 2025;
  - Current Ratio minimal sebesar 1 kali berlaku                           - Current Ratio minimum of 1 time since 2024.
       sejak tahun 2024.

  Pada tanggal 31 Desember 2025, Perusahaan tidak                         As of December 31, 2025, the Company did not meet
  memenuhi persyaratan rasio lancar minimal sebesar                       the minimum current ratio requirement of 1 time. On
  1 kali. Pada tanggal 31 Desember 2025, Perusahaan                       the same date, the Company received a waiver letter
  telah menerima surat persetujuan pengesampingan                         from Bank Mandiri, acting as the facility agent,
  atas persyaratan rasio lancar minimal sebesar 1 kali                    granting an exception to the minimum current ratio
  tersebut hingga tanggal laporan keuangan                                requirement of 1 time until the next consolidated
  konsolidasian berikutnya yaitu 31 Desember 2026                         financial reporting date, which is December 31, 2026.
  dari Bank Mandiri selaku agen fasilitas.

  Pada tanggal 31 Desember 2024 Perusahaan telah                          As of December 31, 2024, the Company has
  memenuhi seluruh persyaratan pinjaman tersebut di                       complied with all of the covenants of the above-
  atas seperti disebutkan dalam perjanjian kredit.                        mentioned as stipulated in the respective loan
                                                                          agreements.



                                                                 137
Page 607
                                                                         The original consolidated financial statements included herein
                                                                                                           are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                     NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                             As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                                 24. LONG-TERM BANK AND OTHER FINANCIAL
    LAINNYA - JANGKA PANJANG (lanjutan)                                 INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP2)                                                  The Company (formerly AP2)

  Dibawah ini ringkasan dari utang bank jangka                             Below is a summary of the long-term bank debts held
  panjang yang dimiliki oleh Perusahaan (dahulu                            by the Company (formerly AP2):
  AP2):


                                                Saldo
                                 Jumlah
                                              Terutang                         Pembayaran
                               Maksimum
                                                  31                             Periode
                  Tanggal       Fasilitas/
                                              Desember                          Berjalan/
    Kreditur/    Perjanjian/   Maximum                     Jatuh Tempo/                             Suku Bunga/           Jaminan/
                                                2025/                           Payment
    Creditor     Agreement       Facility                  Maturity Date                            Interest Rate         Collateral
                                             Outstanding                       During This
                    Date        Amount
                                              December                           Period
                                  (Rp)
                                               31, 2025                           (Rp)
                                                 (Rp)

    Maybank      12 Oktober/    3.000.000      1.750.000    12 Oktober/               500.000    6,40% - 5,65% (2025)      Tidak ada
                 October 12,                                October 12,       (2024: 375.000)                           jaminan khusus/
                    2018                                       2028                                 6,40% (2024)           No special
                                                                                                                           collateral

                   3 Juni/        500.000        500.000   29 Desember/                      -   9,24% - 7,64% (2025)      Tidak ada
                   June 3,                                 December 29,                                                 jaminan khusus/
                    2020                                       2026                              9,24% - 9,51% (2024)      No special
                                                                                                                           collateral

                22 Desember/      694.750        571.432   15 Desember/                86.844    9,13% - 7,53% (2025)      Tidak ada
                December 22,                               December 15,        (2024: 36.474)                           jaminan khusus/
                    2023                                       2028                              9,13% - 9,40% (2024)      No special
                                                                                                                           collateral

      Bank      22 Oktober/       700.000              -    22 Oktober/               455.000      10,00% - 8,75%          Tidak ada
     Jateng     October 22,                                 October 22,       (2024: 140.000)          (2025)           jaminan khusus/
                   2021                                        2025                                                        No special
                                                                                                   10,00% - 10,25%         collateral
                                                                                                        (2024)

    Muamalat    29 Agustus/       500.000        462.300    29 Agustus/               20.268     7,00% - 7,75% (2025)      Tidak ada
                August 29,                                  August 29,          (2024: 4.051)                           jaminan khusus/
                   2022                                        2029                                 7,75% (2024)           No special
                                                                                                                           collateral

      SMI        20 Maret/        500.000              -     20 Maret/                 50.925           6,25%              Tidak ada
                 March 20,                                   March 20,        (2024: 266.000)       (2025 & 2024)       jaminan khusus/
                   2015                                        2025                                                        No special
                                                                                                                           collateral

                21 November/    1.500.000      1.026.000   21 November/               250.000       5,65% - 6,40%          Tidak ada
                November 21,                               November 21,       (2024: 140.000)           (2025)          jaminan khusus/
                    2018                                       2028                                                        No special
                                                                                                    6,40% (2024)           collateral

                19 Desember/    2.000.000      1.948.000   19 Desember/                32.000       7,54% - 9,13%          Tidak ada
                December 19,                               December 19,        (2024: 20.000)           (2025)          jaminan khusus/
                    2022                                       2030                                                        No special
                                                                                                    9,13% - 9,40%          collateral
                                                                                                        (2024)




                                                             138
Page 608
                                                                        The original consolidated financial statements included herein
                                                                                                          are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                                 PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                            As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                           (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                                   24. LONG-TERM BANK AND OTHER FINANCIAL
    LAINNYA - JANGKA PANJANG (lanjutan)                                   INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP2) (lanjutan)                                      The Company (formerly AP2) (continued)

  Dibawah ini ringkasan dari utang bank jangka                            Below is a summary of the long-term bank debts held
  panjang yang dimiliki oleh Perusahaan (dahulu                           by the Company (formerly AP2): (continued)
  AP2): (lanjutan)


                                                   Saldo
                                    Jumlah
                                                 Terutang
                                  Maksimum                                        Pembayaran
                                                     31
                                   Fasilitas/                                       Periode
                   Tanggal                       Desember
    Kreditur/                     Maximum                       Jatuh Tempo/        Berjalan/         Suku Bunga/        Jaminan/
                  Perjanjian/                      2025/
    Creditor                        Facility                    Maturity Date    Payment During       Interest Rate      Collateral
                Agreement Date                  Outstanding
                                   Amount                                          This Period
                                                 December
                                     (Rp)                                             (Rp)
                                                  31, 2025
                                                    (Rp)

                    1 April/         700.000        150.465       31 Maret/                250.775    5,50% - 6,25%      Tidak ada
                  April 1, 2016                                   March 31,        (2024: 125.020)        (2025)          jaminan
                                                                    2026                                                  khusus/
                                                                                                       6,25% (2024)      No special
                                                                                                                         collateral

                 29 November/        400.000        382.312       28 Maret/                 13.170    8,46% - 9,92%      Tidak ada
                 November 29,                                     March 28,               (2024: -)       (2025)          jaminan
                     2021                                           2031                                                  khusus/
      Bank
                                                                                                      9,92% - 10,18%     No special
     Mandiri
                                                                                                          (2024)         collateral

                   20 Maret/         725.000        566.770       19 Maret/               108.300     7,78% - 9,13%      Tidak ada
                 March 20, 2023                                   March 19,         (2024: 36.100)        (2025)          jaminan
                                                                    2028                                                  khusus/
                                                                                                      9,13% - 9,40%      No special
                                                                                                          (2024)         collateral

                 12 September/      1.000.000       662.950     12 September/             166.250      5,65-6,40%        Tidak ada
                 September 12,                                  September 12,      (2024:100.000)        (2025)           jaminan
                     2018                                           2028                                                  khusus/
        PT                                                                                             6,40% (2024)      No special
       Bank                                                                                                              collateral
     Syariah
     Nasional      24 Maret/         481.000        377.585       24 Maret/                 72.150    7,79% - 9,13%      Tidak ada
     (“BSN”)     March 24, 2023                                   March 24,         (2024: 24.050)        (2025)          jaminan
        *)                                                          2028                                                  khusus/
                                                                                                      9,13% - 9,40%      No special
                                                                                                          (2024)         collateral


   *) Efektif per tanggal 22 Desember 2025, Unit Syariah BTN telah resmi melakukan spin-off menjadi entitas baru dengan nama
   PT Bank Syariah Nasional, sehingga seluruh hak dan kewajiban Bank BTN beralih sepenuhnya dari Bank BTN ke BSN tanpa ada
   perubahan pada syarat dan ketentuan yang telah disepakati sebelumnya/Effective December 22, 2025, Bank BTN’s Sharia Unit
   officially completed its spin-off into a new entity named PT Bank Syariah Nasional. Accordingly, all rights and obligations of Bank
   BTN have been fully transferred from Bank BTN to BSN, with no changes to the terms and conditions previously agreed upon




                                                               139
Page 609
                                                                      The original consolidated financial statements included herein
                                                                                                        are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                     NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                             As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                                 24. LONG-TERM BANK AND OTHER FINANCIAL
    LAINNYA - JANGKA PANJANG (lanjutan)                                 INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP2) (lanjutan)                                    The Company (formerly AP2) (continued)

  Dibawah ini ringkasan dari utang bank jangka                           Below is a summary of the long-term bank debts held
  panjang yang dimiliki oleh Perusahaan (dahulu                          by the Company (formerly AP2): (continued)
  AP2): (lanjutan)


                                                    Saldo
                                    Jumlah
                                                  Terutang                          Pembayaran
                                  Maksimum
                  Tanggal                       31 Desember                           Periode
                                   Fasilitas/                      Jatuh
     Kreditur/   Perjanjian/                        2025/                             Berjalan/       Suku Bunga/        Jaminan/
                                  Maximum                         Tempo/
     Creditor    Agreement                      Outstanding                        Payment During     Interest Rate      Collateral
                                    Facility                    Maturity Date
                    Date                        December 31,                         This Period
                                 Amount (Rp)
                                                    2025                                (Rp)
                                                     (Rp)

       Bank        1 April/           700.000        150.465       31 Maret/                250.775   5,50% - 6,25%     Tidak ada
       BNI       April 1, 2016                                     March 31,        (2024: 125.020)       (2025)         jaminan
                                                                     2026                                                khusus/
                                                                                                      6,25% (2024)      No special
                                                                                                                        collateral

                   15 Mei/            722.000        593.845        14 Mei/                  90.250   7,78% - 9,13%     Tidak ada
                 May 15, 2023                                     May 14, 2028       (2024: 30.685)       (2025)         jaminan
                                                                                                                         khusus/
                                                                                                      9,13% - 9,40%     No special
                                                                                                          (2024)        collateral

       Bank        1 April/           700.000         87.465        1 April/                145.810   5,50% - 6,25%     Tidak ada
       BRI       April 1, 2016                                    April 1, 2026     (2024: 116.690)       (2025)         jaminan
                                                                                                                         khusus/
                                                                                                      6,25% (2024)      No special
                                                                                                                        collateral

                  27 Maret/           675.000        529.875       27 Maret/               101.250    7,78% - 9,13%     Tidak ada
                  March 27,                                        March 27,         (2024: 33.750)       (2025)         jaminan
                    2023                                             2028                                                khusus/
                                                                                                      9,13% - 9,40%     No special
                                                                                                          (2024)        collateral

     Lembaga       1 April/         1.500.000               -       1 April/                328.162       6,25%         Tidak ada
    Pembiayaan   April 1, 2015                                      April 1,        (2024: 669.450)   (2025 & 2024)      jaminan
       Ekspor                                                        2025                                                khusus/
     Indonesia                                                                                                          No special
      (“EXIM”)                                                                                                          collateral

        IIF         15 Juli/          400.000               -       15 Juli/                154.600   6,00% - 6,25%     Tidak ada
                 July 15, 2015                                      July 15,        (2024: 120.000)       (2025)         jaminan
                                                                     2025                                                khusus/
                                                                                                      6,25% (2024)      No special
                                                                                                                        collateral

                 Jumlah/Total                       9.759.464




                                                            140
Page 610
                                                                       The original consolidated financial statements included herein
                                                                                                         are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


24. UTANG BANK DAN LEMBAGA KEUANGAN                                  24. LONG-TERM BANK AND OTHER FINANCIAL
    LAINNYA - JANGKA PANJANG (lanjutan)                                  INSTITUTIONS LOANS (continued)

  Perusahaan (dahulu AP2) (lanjutan)                                     The Company (formerly AP2) (continued)

  Berikut adalah persyaratan rasio keuangan yang                         The following is the applicable financial ratio
  berlaku untuk perjanjian pinjaman jangka panjang                       requirements for long-term loan agreements and
  dan    status  pemenuhannya       pada    tanggal                      their compliance status as of December 31, 2025 and
  31 Desember 2025 dan 2024:                                             2024:

                               Kreditur/                 Persyaratan Rasio Keuangan/
                               Lenders                     Financial Ratio Covenant
                            Maybank,            - Debt Service Coverage ratio minimum 1 kali/
                            Muamalat, SMI,        Debt Service Coverage ratio at minimum 1
                            Bank Mandiri,       - Debt to Equity ratio maksimum 2 kali/
                            BSN, Bank BNI,        Debt to Equity ratio maximum 2 times
                            EXIM, IIF
                            Bank BRI            - Debt Service Coverage ratio minimum 1 kali/
                                                  Debt Service Coverage ratio at minimum 1
                                                - Debt to Equity ratio maksimum 2 kali/
                                                  Debt to Equity ratio maximum 2 times
                                                - Ekuitas positif/positive equity
                            Bank Jateng         - Debt to Equity ratio maksimum 2,2 kali/
                                                  Debt to Equity ratio maximum 2.2 times
                                                - Ekuitas positif/positive equity

  Pada tanggal 31 Desember 2025 dan 2024,                                As of December 31, 2025 and 2024, the Company
  Perusahaan telah memenuhi seluruh persyaratan                          has complied with all covenant stated in all of its long-
  yang tercantum dalam seluruh perjanjian utang bank                     term bank and other financial institutions loan
  dan lembaga keuangan lainnya jangka panjang.                           agreements.

  Seluruh utang bank dan lembaga keuangan lainnya                        All of the Company’s long-term bank loans and other
  jangka panjang Perusahaan (dahulu AP1 dan AP2)                         financial institution borrowings (formerly AP1 and
  telah dilunasi melalui program Injourney Group                         AP2) have been fully settled through the Injourney
  Financial Solution (“IGFS”) (Catatan 47b).                             Group Financial Solution (“IGFS”) program (Note
                                                                         47b).

25. UTANG OBLIGASI DAN SUKUK                                         25. BONDS PAYABLE AND SUKUK

                                             31 Desember 2025/     31 Desember 2024/
                                             December 31, 2025     December 31, 2024

    Utang obligasi                                    5.082.160             5.241.160                               Bonds payable
    Sukuk                                             1.837.000             1.837.000                                       Sukuk
    Biaya pinjaman yang                                                                                           Unamortized cost
       belum diamortisasi                                (9.914)              (14.073)                                  of loans

    Jumlah                                            6.909.246             7.064.087                                           Total

    Liabilitas jangka panjang yang jatuh                                                            Current maturities of long-term
       tempo dalam waktu satu tahun                  (2.302.000)             (159.000)                                   liabilities

    Liabilitas jangka panjang setelah
       dikurangi bagian jatuh tempo                                                             Long term liabilities - net of current
       dalam dalam waktu satu tahun                   4.607.246             6.905.087                                    maturities




                                                               141
Page 611
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                           25. BONDS PAYABLE AND SUKUK (continued)
  a. Obligasi dan Sukuk Ijarah 2016                                   a. Bonds Payable and Sukuk Ijarah 2016

     Pada tanggal 10 November 2016, Perusahaan                               On November 10, 2016, The Company (formerly
     (dahulu AP1) telah mendapatkan pernyataan                               AP1) has obtained an effective statement from
     efektif dari Otoritas Jasa Keuangan (OJK) atas                          Otoritas Jasa Keuangan (OJK) on the issuance
     penerbitan Obligasi dan Sukuk Ijarah I Angkasa                          of Bonds and Sukuk Ijarah I Angkasa Pura I Year
     Pura I Tahun 2016 dengan rincian sebagai                                2016 with detail as follows:
     berikut:

                                                   Obligasi/Bonds

                                                     Bunga per Tahun/                 Jangka Waktu/
                          Nominal/ Amount           Interest per Annum                   Periods

        Seri A                         622.000                      8,10 %                   5 tahun/ years               Series A
        Seri B                         389.000                      8,40 %                   7 tahun/ years               Series B
        Seri C                       1.489.000                      8,55 %                  10 tahun/ years               Series C

        Jumlah                       2.500.000                                                                               Total



                                                 Sukuk Ijarah/Sukuk ijarah

                                                    Imbalan per Tahun/                Jangka Waktu/
                          Nominal/ Amount           Benefit per Annum                    Periods

        Seri A                        268.000                        21.708                  5 tahun/ years               Series A
        Seri B                         55.000                         4.620                  7 tahun/ years               Series B
        Seri C                        177.000                        15.133                 10 tahun/ years               Series C

        Jumlah                        500.000                        41.461                                                  Total



      Berdasarkan perjanjian dengan PT Bank Mega                             Based on the agreement with PT Bank Mega
      Tbk. selaku Wali Amanat utang obligasi dan                             Tbk. as Trustee for bonds payable and sukuk
      utang sukuk ijarah, 75% dana yang diperoleh                            ijarah, 75% of fund received will be used for the
      akan digunakan untuk pengembangan 5 (lima)                             development of 5 (five) new airports in
      bandara yaitu bandara baru Yogyakarta, Ahmad                           Yogyakarta, Ahmad Yani - Semarang,
      Yani - Semarang, Syamsudin Noor -                                      Syamsudin Noor - Banjarmasin, Juanda -
      Banjarmasin, Juanda - Surabaya dan Sultan                              Surabaya and Sultan Hasanuddin - Makassar.
      Hasanuddin - Makassar.

      Obligasi dan sukuk ijarah ini tidak dijamin                            These bonds and ijarah sukuk are not secured
      dengan jaminan khusus, tetapi baik langsung                            by specific collateral; however, they are directly
      maupun tidak langsung dijamin dengan seluruh                           or indirectly secured by all assets of the
      harta kekayaan Perusahaan (dahulu AP1), baik                           Company (formerly AP1), whether movable or
      barang bergerak maupun barang tidak                                    immovable goods, existing or to be acquired in
      bergerak, baik yang telah ada maupun yang                              the future.
      akan ada di kemudian hari.

      Perusahaan (dahulu AP1) juga diwajibkan untuk                          The Company (formerly AP1) is also required to
      mempertahankan rasio-rasio keuangan tertentu                           maintain certain financial ratios during the bonds
      selama periode utang obligasi sebagai berikut:                         payable ratio as follows:
      a) Perbandingan aset lancar terhadap kewajiban                         a) Ratio of current assets to current liabilities not
         lancar tidak kurang dari 1 kali.                                       less than 1 time.
      b) Perbandingan total pinjaman terhadap total                          b) Ratio of total debt to total equity not more than
         ekuitas tidak lebih dari 3 kali.                                       3 times.
      c) Perbandingan penghasilan sebelum beban                              c) Ratio of earnings before income tax,
         pajak     penghasilan,      penyusutan  dan                            depreciation and amortization to interest
         amortisasi terhadap beban bunga pinjaman                               expenses not less than 1 time.
         tidak kurang dari 1 kali.



                                                           142
Page 612
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                          25. BONDS PAYABLE AND SUKUK (continued)

  a. Obligasi dan Sukuk Ijarah 2016 (lanjutan)                      a. Bonds Payable          and     Sukuk     Ijarah   2016
                                                                       (continued)

      Pada tanggal 31 Desember 2025, Perusahaan                          As of December 31, 2025, the Company
      melanggar kovenan terkait current ratio.                           breached the covenant relating to the current
      Namun, berdasarkan Rapat Umum Pemegang                             ratio. However, based on the Bondholders’
      Obligasi dan Rapat Umum Pemegang Sukuk                             General Meeting and the Ijarah Sukuk Holders’
      Ijarah pada tanggal 18 November 2025, seluruh                      General Meeting held on November 18, 2025, all
      pemegang obligasi dan sukuk ijarah menyetujui                      bondholders and ijarah sukuk holders approved
      pengesampingan       pemenuhan     kewajiban                       a waiver of this financial covenant requirement.
      keuangan tersebut.

      Pada tanggal 31 Desember 2024, Perusahaan                        As of December 31, 2024, the Company has
      telah memenuhi seluruh persyaratan pinjaman                      complied with all of the covenants of the above-
      tersebut di atas seperti disebutkan dalam                        mentioned as stipulated in the respective loan
      perjanjian kredit.                                               agreements.

      Pada tanggal 18 November 2021, Perusahaan                        On November 18, 2021, the Company (formerly
      (dahulu AP1) melakukan pembayaran obligasi                       AP1) has paid the bonds and sukuk Series A of
      dan sukuk Seri A, masing-masing sebesar                          Rp622,000 and Rp268,000, respectively.
      Rp622.000 dan Rp268.000.

      Pada tanggal 20 November 2023, Perusahaan                        On November 20, 2023, the Company (formerly
      (dahulu AP1) melakukan pembayaran obligasi                       AP1) has paid the bonds and sukuk Series B of
      dan sukuk Seri B, masing-masing sebesar                          Rp389,000 and Rp55,000, respectively.
      Rp389.000 dan Rp55.000.

      Pada tanggal 12 - 21 Juni 2024, Perusahaan                       From June 12 - June 21, 2024, the Company
      (dahulu AP1) melakukan penawaran pembelian                       (formerly AP1) made a repurchase offer to the
      kembali kepada Pemegang Obligasi dan Sukuk                       holders of the Series C 2016 Bonds and Sukuk
      Ijarah Seri C tahun 2016. Nilai obligasi dan sukuk               Ijarah. The value of the bonds and sukuk
      yang dibeli masing-masing sebesar Rp464.000                      repurchased amounted to Rp464,000, or
      atau setara dengan 31,16% dari keseluruhan                       equivalent to 31.16% of the total principal value of
      nilai pokok obligasi seri C dan Rp81.000 atau                    the Series C bonds, and Rp81,000, or equivalent
      setara dengan 45,75% dari keseluruhan nilai                      to 45.75% of the total principal value of the Series
      pokok sukuk ijarah seri C.                                       C Sukuk Ijarah.

      Pada tanggal 27 Juni 2024 dan 2 Juli 2024,                       On June 27, 2024, and July 2, 2024, the Company
      Perusahaan      (dahulu     AP1)    melakukan                    (formerly AP1) made payments for the
      pembayaran atas pembelian kembali Obligasi                       repurchase of the Series C Bonds and Sukuk
      dan Sukuk Ijarah Seri C tersebut masing-masing                   Ijarah amounting to Rp488,847 and Rp85,434,
      sebesar Rp488.847 dan Rp85.434. Atas                             respectively. For this repurchase, the Company
      pembelian tersebut, Perusahaan (dahulu AP1)                      (formerly AP1) paid an incentive of 4.5%, or
      membayar nilai insentif sebesar 4,5% atau                        equivalent with Rp24,525, and paid accrued
      senilai Rp24.525 dan membayar bunga akrual                       interest amounting to Rp4,776.
      sebesar Rp4.776.

      Pada tanggal 14 Maret 2024, peringkat                            On March 14, 2024, the Company (formerly
      Perusahaan (dahulu AP1) yang diberikan oleh                      AP1)'s rating given by PT Pemeringkat Efek
      PT Pemeringkat Efek Indonesia (Pefindo) untuk                    Indonesia (Pefindo) for the period from March 13,
      periode 13 Maret 2024 sampai dengan 1 Maret                      2024, to March 1, 2025, was idAAA for the Bonds
      2025 adalah idAAA untuk Obligasi dan idAAA(sy)                   and idAAA(sy) for the Sukuk.
      untuk Sukuk.




                                                           143
Page 613
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                       25. BONDS PAYABLE AND SUKUK (continued)

  a. Obligasi dan Sukuk Ijarah 2016 (lanjutan)                      a. Bonds Payable and Sukuk Ijarah 2016
                                                                       (continued)

      Pada tanggal 10 September 2025, peringkat                        On September 10, 2025, the Company’s (formerly
      Perusahaan (dahulu AP1) yang diberikan oleh                      AP1) rating given by PT Pemeringkat Efek
      PT Pemeringkat Efek Indonesia (Pefindo) untuk                    Indonesia (Pefindo) for the period from
      periode 10 September 2025 sampai dengan 1                        September 10, 2025 to September 1, 2026, was
      September 2026 adalah idAAA untuk Obligasi                       idAAA for the Bonds and idAAA(sy) for the Sukuk.
      dan idAAA (sy) untuk Sukuk.

  b. Obligasi 2016                                                  b. Bonds 2016
     Pada tanggal 23 Juni 2016, Perusahaan (dahulu                     On June 23, 2016, the Company (formerly AP2)
     AP2) telah mendapatkan pernyataan efektif dari                    has obtained an effective statement from Otoritas
     Otoritas Jasa Keuangan (OJK) atas penerbitan                      Jasa Keuangan (OJK) on the issuance of
     Obligasi I Angkasa Pura II tahun 2016 dengan 3                    Angkasa Pura II Bonds I Year 2016 with 3 (three)
     (tiga) seri yaitu:                                                series as follows:
                                                  Obligasi/Bonds

                                                  Bunga per Tahun/              Jangka Waktu/
                         Nominal/ Amount         Interest per Annum                Periods

         Seri A                     1.000.000                      8,60 %              5 tahun/ years                Series A
         Seri B                       100.000                      8,80 %              7 tahun/ years                Series B
         Seri C                       900.000                      9,00 %             10 tahun/ years                Series C

         Jumlah                     2.000.000                                                                           Total



     Total dana yang diterima Perusahaan (dahulu                       Total fund received by the Company (formerly
     AP2) pada tanggal 30 Juni 2016 dari hasil                         AP2) on June 30, 2016 from the first issuance of
     penerbitan perdana Obligasi I Angkasa Pura II                     Angkasa Pura II Bonds I Year 2016 was
     tahun 2016 adalah sebesar Rp2.000.000.                            Rp2,000,000. Based on the agreement with
     Sesuai dengan perjanjian dengan PT Bank                           PT Bank Mega Tbk. as Trustee and the
     Mega Tbk. selaku Wali Amanat dan prospektus                       Company’s prospectus for bonds payable, 92%
     utang obligasi Perusahaan, 92% dari dana                          of the funds will be used for the development of
     tersebut akan digunakan untuk pengembangan                        Soekarno-Hatta airport and 8% will be used for
     bandara Soekarno-Hatta dan 8% akan                                the development of other airports.
     digunakan untuk pengembangan bandara
     lainnya.

     Perusahaan (dahulu AP2) juga diwajibkan untuk                     The Company (formerly AP2) is also required to
     mempertahankan rasio-rasio keuangan tertentu                      maintain certain financial ratios during the bonds
     selama periode utang obligasi sebagai berikut:                    payable period as follows:
     a) Perbandingan      Aset     Lancar  terhadap                    a) Ratio of Current Assets to Current Liabilities
        Kewajiban Lancar tidak kurang dari 1 kali.                        not less than 1 time.
     b) Perbandingan Total Pinjaman terhadap Total                     b) Ratio of Total Debt to Total Equity not more
        Ekuitas tidak lebih dari 2 kali.                                  than 2 times.
     c) Perbandingan Profit Sebelum Beban Pajak                        c) Ratio of Earnings Before Income Tax and
        Penghasilan dan Penyusutan dan Amortisasi                         Depreciation and Amortization to Interest
        terhadap Beban Bunga Pinjaman tidak                               Expenses not less than 1 time.
        kurang dari 1 kali.

     Perusahaan (dahulu AP2) juga akan dianggap                        The Company (formerly AP2) will also be
     wanprestasi terhadap kewajibannya apabila                         declared incompliance with its covenant if there is
     terdapat utang jangka panjang lainnya dengan                      any other long-term loan totaling more than 25%
     jumlah lebih dari 25% dari ekuitas Perusahaan,                    of the Company’s equity that is not in compliance
     yang tidak memenuhi persyaratan.                                  with their covenant,



                                                       144
Page 614
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                       25. BONDS PAYABLE AND SUKUK (continued)

   b. Obligasi 2016 (lanjutan)                                   b. Bonds 2016 (continued)

      Pada tanggal 14 Juni 2021, Perusahaan (dahulu                 On June 14, 2021, the Company (formerly AP2)
      AP2) melakukan pembayaran obligasi sebesar                    made a bond payment of Rp1,000,000 for the
      Rp1.000.000 atas Obligasi I Angkasa Pura II                   Angkasa Pura II Bonds I Year 2016 Series A. On
      tahun 2016 Seri A. Pada tanggal 27 Juni 2023,                 June 27, 2023, the Company (formerly AP2)
      Perusahaan      (dahulu      AP2)   melakukan                 made a bond payment of Rp100,000 for the
      pembayaran obligasi sebesar Rp100.000 atas                    Angkasa Pura II Bonds I Year 2016 Series B.
      Obligasi I Angkasa Pura II tahun 2016 Seri B.

      Pada tanggal 19 November 2020 dan                             On November 19, 2020 and December 16, 2020,
      16 Desember 2020, Pemegang Obligasi I                         Holders of Bonds I Angkasa Pura II Year 2016
      Angkasa Pura II 2016 setuju untuk melakukan                   agreed to make financial covenant adjustments
      penyesuaian financial covenant sebagai berikut:               as follows:
      - Penghapusan Perbandingan Aset Lancar                        - Invalidation of Ratio of Current Assets to
         terhadap Kewajiban Lancar tidak kurang dari                    Current Liabilities not less than 1 time.
         1 kali.
      - Pengesampingan        Perbandingan     Profit               -   Waive Ratio of Earnings Before Income Tax
         Sebelum Beban Pajak Penghasilan dan                            and Depreciation and Amortization to Interest
         Penyusutan dan Amortisasi terhadap Beban                       Expenses not less than 1 time for financial
         Bunga Pinjaman tidak kurang dari 1 kali                        reporting period of December 31, 2021 and
         untuk     periode     laporan    keuangan                      2020.
         31 Desember 2021 dan 2020.

      Pada tanggal 31 Desember 2025 dan 2024,                       As of December 31, 2025 and 2024, the
      Perusahaan      telah    memenuhi    seluruh                  Company has complied with all of the covenants
      persyaratan pinjaman tersebut di atas seperti                 of the above-mentioned as stipulated in the
      disebutkan dalam perjanjian kredit.                           respective loan agreements.

      Pada tanggal 28 Juni 2023, Perusahaan (dahulu                 On June 28, 2023, the Company (formerly AP2)
      AP2) melakukan pembayaran obligasi sebesar                    made a bond payment of Rp100,000 for the
      Rp100.000 atas Obligasi I Angkasa Pura II                     Angkasa Pura II Bonds I Year 2016 Series B.
      Tahun 2016 Seri B.

      Pada tanggal 10 September 2024, peringkat                     On September 10, 2024, the Company’s
      obligasi Perusahaan (dahulu AP2) yang                         (formerly AP2) bond rating given by
      diberikan oleh PT Pemeringkat Efek Indonesia                  PT Pemeringkat Efek Indonesia (Pefindo) for the
      (Pefindo) untuk periode 10 September 2024                     period from September 10, 2024 to September 1,
      sampai dengan 1 September 2025 adalah                         2025, was idAAA.
      idAAA.

      Pada tanggal 10 September 2025, peringkat                     On September 10, 2025, the Company’s (formerly
      obligasi Perusahaan (dahulu AP2) yang                         AP2)       bond      rating      given       by
      diberikan oleh PT Pemeringkat Efek Indonesia                  PT Pemeringkat Efek Indonesia (Pefindo) for the
      (Pefindo) untuk periode 10 September 2025                     period from September 10, 2025 to September 1,
      sampai dengan 1 September 2026 adalah                         2026, was idAAA.
      idAAA.




                                                        145
Page 615
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                         25. BONDS PAYABLE AND SUKUK (continued)

  c. Obligasi 2020                                                 c. Bonds 2020

     Pada tanggal 13 Agustus 2020, Perusahaan                          On August 13, 2020, the Company (formerly
     (dahulu     AP2)     menerbitkan      Obligasi                    AP2) issued the Angkasa Pura II Sustainable
     Berkelanjutan I Angkasa Pura II Tahap II Tahun                    Bonds I Phase II Year 2020, consisting of four (4)
     2020 dengan 4 (empat) seri yaitu:                                 series, namely:

                                                      Obligasi/Bonds

                                                  Bunga per Tahun/               Jangka Waktu/
                          Nominal/ Amount        Interest per Annum                 Periods

       Seri A                           32.000                    7,80 %                3 tahun/ years               Series A
       Seri B                          159.000                    8,50 %                5 tahun/ years               Series B
       Seri C                        1.602.000                    9,10 %                7 tahun/ years               Series C
       Seri D                          457.000                    9,25 %               10 tahun/ years               Series D

       Jumlah                        2.250.000                                                                          Total



     Total dana yang diterima Perusahaan (dahulu                       The total funds received by the Company
     AP2) pada tanggal 13 Desember 2020 dari hasil                     (formerly AP2) on December 13, 2020 from the
     penerbitan Obligasi Berkelanjutan I Angkasa                       issuance of the Angkasa Pura II Sustainable
     Pura II Tahap II Tahun 2020 adalah sebesar                        Bonds I Phase II Year 2020 amounted to
     Rp2.250.000. Sesuai dengan perjanjian dengan                      Rp2,250,000. In accordance with the agreement
     PT Bank Mega Tbk. selaku Wali Amanat dan                          with PT Bank Mega Tbk. as the Trustee and the
     prospektus utang obligasi Perusahaan (dahulu                      Company’s (formerly AP2) bond prospectus, all
     AP2), seluruh dari dana tersebut akan digunakan                   of these funds will be used for the development
     untuk pengembangan sisi udara dan sisi darat di                   of the airside and landside areas at Soekarno-
     Bandara Soekarno Hatta dan bandara lainnya                        Hatta Airport and other airports managed by the
     yang dikelola oleh Perusahaan (dahulu AP2).                       Company (formerly AP2).


     Perusahaan (dahulu AP2) juga diwajibkan untuk                     The Company (formerly AP2) is also obligated to
     mempertahankan rasio-rasio keuangan tertentu                      maintain certain financial ratios along the bonds
     selama periode utang obligasi sebagai berikut:                    payable period as follows:
     a) Perbandingan Total Pinjaman terhadap                           a) Ratio of Total Debt to Total Equity not less
         Total Ekuitas tidak lebih dari 2 kali.                           than 2 times.
     b) Perbandingan Profit Sebelum Beban Pajak                        b) The comparison of Profit Before Income Tax
         Penghasilan      dan      Penyusutan   dan                       and Depreciation and Amortisation to Debt
         Amortisasi terhadap Beban Bunga Pinjaman                         Interest Expense not less than 1 time.
         tidak kurang dari 1 kali.

     Perusahaan (dahulu AP2) juga akan dianggap                        The Company (formerly AP2) will also be
     wanprestasi terhadap kewajibannya apabila                         declared incompliance with its covenant if there
     terdapat utang jangka panjang lainnya dengan                      is any other long-term loan totaling more than
     jumlah lebih dari 30% dari ekuitas Perusahaan                     30% of the Company (formerly AP2) equity that
     (dahulu AP2), yang tidak memenuhi persyaratan.                    is not in compliance with their covenant.




                                                         146
Page 616
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                        25. BONDS PAYABLE AND SUKUK (continued)

  c. Obligasi 2020 (lanjutan)                                     c. Bonds 2020 (continued)

     Pada tanggal 4 November 2020, para pemegang                     On November 4, 2020, the holders of the
     Obligasi Berkelanjutan I Angkasa Pura II Tahap II               Angkasa Pura II Sustainable Bonds I Phase II
     Tahun 2020 telah menyetujui dilakukannya                        Year 2020 approved an adjustment to the
     penyesuaian terhadap financial covenant, berupa                 financial covenant, in the form of an exemption
     pengecualian atas rasio Profit Sebelum Beban                    from the requirement that the ratio of Profit
     Pajak Penghasilan serta Penyusutan dan                          Before Income Tax Expense, Depreciation, and
     Amortisasi terhadap Beban Bunga Pinjaman agar                   Amortization to Interest Expense shall not be less
     tidak kurang dari 1 kali, untuk periode laporan                 than 1 time, for the financial reporting periods
     keuangan yang berakhir pada 31 Desember 2021                    ending December 31, 2021 and December 31,
     dan 31 Desember 2020.                                           2020.

     Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024, the
     Perusahaan telah memenuhi seluruh persyaratan                   Company has complied with all of the covenants
     pinjaman tersebut di atas seperti disebutkan                    of the above-mentioned as stipulated in the
     dalam perjanjian kredit.                                        respective loan agreements.

     Pada tanggal 11 Agustus 2023, Perusahaan                        On August 11, 2023, the Company (formerly
     (dahulu AP2) melakukan pembayaran obligasi                      AP2) made a bond payment of Rp32,000 for the
     sebesar Rp32.000 atas Obligasi Berkelanjutan I                  Angkasa Pura II Sustainable Bonds I Phase II
     Angkasa Pura II Tahap II Tahun 2020 Seri A.                     Year 2020 Series A.

     Pada tanggal 12 Agustus 2025, Perusahaan                        On August 12, 2025, the Company made a bond
     melakukan     pembayaran     obligasi    sebesar                payment of Rp159,000 for the Angkasa Pura II
     Rp159.000 atas Obligasi Berkelanjutan I Angkasa                 Sustainable Bonds I Phase II Year 2020 Series
     Pura II Tahap II Tahun 2020 Seri B.                             B.

     Pada tanggal 10 September 2024, peringkat                       On September 10, 2024, the Company’s (formerly
     obligasi Perusahaan (dahulu AP2) yang diberikan                 AP2)       bond      rating      given       by
     oleh PT Pemeringkat Efek Indonesia (Pefindo)                    PT Pemeringkat Efek Indonesia (Pefindo) for the
     untuk periode 10 September 2024 sampai dengan                   period from September 10, 2024 to September 1,
     1 September 2025 adalah idAAA.                                  2025, was idAAA.

     Pada tanggal 10 September 2025, peringkat                       On September 10, 2025, the Company’s (formerly
     obligasi Perusahaan (dahulu AP2) yang diberikan                 AP2)       bond      rating      given       by
     oleh PT Pemeringkat Efek Indonesia (Pefindo)                    PT Pemeringkat Efek Indonesia (Pefindo) for the
     untuk periode 10 September 2025 sampai dengan                   period from September 10, 2025 to September 1,
     1 September 2026 adalah idAAA.                                  2026, was idAAA.




                                                         147
Page 617
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                          25. BONDS PAYABLE AND SUKUK (continued)

  d. Obligasi dan Sukuk Ijarah 2021                                  d. Bonds Payable and Sukuk Ijarah 2021

     Pada tanggal 8 September 2021, Perusahaan                           On September 8, 2021, The Company (formerly
     (dahulu AP1) telah mendapatkan pernyataan                           AP1) has obtained an effective statement from
     efektif dari Otoritas Jasa Keuangan (OJK) atas                      Otoritas Jasa Keuangan (OJK) on the issuance
     penerbitan     Obligasi    dan  Sukuk    Ijarah                     of Sustainable Bonds and Sukuk Ijarah I
     Berkelanjutan I Angkasa Pura I Tahun 2021                           Angkasa Pura I Year 2021 with detail as follows:
     dengan rincian sebagai berikut:
                                                      Obligasi/Bonds

                                                    Bunga per Tahun/              Jangka Waktu/
                          Nominal/ Amount          Interest per Annum                Periods

         Seri A                       272.500                       6,70 %                3 tahun/ years               Series A
         Seri B                        66.000                       7,10 %                5 tahun/ years               Series B
         Seri C                       280.400                       8,00 %                7 tahun/ years               Series C
         Seri D                       497.000                       8,60 %               10 tahun/ years               Series D

         Jumlah                      1.115.900                                                                            Total



                                                 Sukuk Ijarah/Sukuk ijarah

                                                   Imbalan per Tahun/             Jangka Waktu/
                          Nominal/ Amount          Benefit per Annum                 Periods

         Seri A                       215.000                       14.405                3 tahun/ years               Series A
         Seri B                       215.000                       15.265                5 tahun/ years               Series B
         Seri C                        52.000                        4.160                7 tahun/ years               Series C
         Seri D                        14.000                        1.204               10 tahun/ years               Series D

         Jumlah                       496.000                       35.034                                                Total


     Berdasarkan           perjanjian         dengan                     Based       on      the     agreement        with
     PT Bank Mega Tbk. selaku Wali Amanat utang                          PT Bank Mega Tbk. as Trustee for bonds
     obligasi dan sukuk ijarah, bahwa dana sebesar                       payable and sukuk ijarah, Rp622,000 and
     Rp622.000 dan Rp199.900 akan digunakan                              Rp199,900 of funds will be used to pay off the
     untuk melunasi surat utang Obligasi Seri A 2016,                    2016 Series A Bonds, the remaining 73%
     dana sisa hasil penawaran umum obligasi                             proceeds from the public offering of bonds will be
     sebanyak 73% akan digunakan untuk investasi                         used for investments including runway overlay,
     antara lain overlay landasan pacu, penggantian                      equipment replacement, terminal renovation and
     peralatan, renovasi terminal beserta fasilitas                      supporting facilities, and others. Meanwhile,
     penunjang, dan lain-lain. Sedangkan sebanyak                        27% is used for working capital.
     27% digunakan untuk modal kerja.

     Berdasarkan perjanjian dengan PT Bank Mega                          Based on the agreement with PT Bank Mega
     Tbk. selaku Wali Amanat, dana obligasi sebesar                      Tbk. as the Trustee, the bond proceeds
     Rp199.950 akan digunakan untuk melunasi                             amounting to Rp199,950 will be used to repay
     sebagian pokok utang Pinjaman Kredit Sindikasi                      a portion of the principal of the 2016 Syndicated
     2016.                                                               Loan Facility.




                                                          148
Page 618
                                                             The original consolidated financial statements included herein
                                                                                               are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                     PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                     25. BONDS PAYABLE AND SUKUK (continued)

  d. Obligasi dan Sukuk Ijarah 2021 (lanjutan)                 d. Bonds Payable          and     Sukuk     Ijarah   2021
                                                                  (continued)

     Obligasi dan sukuk ijarah ini tidak dijamin                   Bonds and sukuk ijarah are not secured with
     dengan jaminan khusus, tetapi baik langsung                   specific collateral, but either directly or indirectly
     maupun tidak langsung dijamin dengan seluruh                  secured by all assets of the Company (formerly
     harta kekayaan Perusahaan (dahulu AP1), baik                  AP1) wealth, moveable or immovable property,
     barang bergerak maupun barang tidak bergerak,                 whether existing or to be created in the future.
     baik yang telah ada maupun yang akan ada di
     kemudian hari.

     Perusahaan (dahulu AP1) juga diwajibkan untuk                The Company (formerly AP1) is also required to
     mempertahankan rasio-rasio keuangan tertentu                 maintain certain financial ratios during the bonds
     selama periode utang obligasi sebagai berikut:               payable ratio as follows:
     a) Perbandingan total pinjaman terhadap total                a) Ratio of total debt to total equity not more than
        ekuitas tidak lebih dari 5 kali.                             5 times.
     b) Perbandingan penghasilan sebelum beban                    b) Ratio of earnings before income tax,
        pajak     penghasilan,      penyusutan  dan                  depreciation and amortization to interest
        amortisasi terhadap beban bunga pinjaman                     expenses not less than 1 time starting from
        tidak kurang dari 1 kali yang dimulai pada                   2022.
        tahun 2022.

      Pada tanggal 31 Desember 2025 dan                           As of December 31, 2025 and 2024, the
      2024, Perusahaan telah memenuhi seluruh                     Company has complied with all of the covenants
      persyaratan pinjaman tersebut di atas seperti               of the above-mentioned as stipulated in the
      disebutkan dalam perjanjian kredit.                         respective loan agreements.

      Pada tanggal 5 September 2024, Perusahaan                   On September 5, 2024, the Company (formerly
      (dahulu AP1) melakukan pembayaran obligasi                  AP1) has paid the bonds and sukuk Series A of
      dan sukuk Seri A, masing-masing sebesar                     Rp272,500 and Rp215,000, respectively.
      Rp272.500 dan Rp215.000.

      Pada tanggal 14 Maret 2024, peringkat                       On March 14, 2024 the Company (formerly AP1)'s
      Perusahaan (dahulu AP1) yang diberikan oleh                 rating given by PT Pemeringkat Efek Indonesia
      PT Pemeringkat Efek Indonesia (Pefindo) untuk               (Pefindo) for the period from March 13, 2024 -
      periode 13 Maret 2024 - 1 Maret 2025 adalah                 March 1, 2025, was idAAA for the Bonds and
      idAAA untuk Obligasi dan idAAA(sy) untuk                    idAAA(sy) for the Sukuk.
      Sukuk.

      Pada tanggal 10 September 2025, peringkat                   On September 10, 2025, the Company’s (formerly
      Perusahaan (dahulu AP1) yang diberikan oleh                 AP1) rating given by PT Pemeringkat Efek
      PT Pemeringkat Efek Indonesia (Pefindo) untuk               Indonesia (Pefindo) for the period from
      periode 10 September 2025 sampai dengan 1                   September 10, 2025 to September 1, 2026, was
      September 2026 adalah idAAA untuk Obligasi                  idAAA for the Bonds and idAAA(sy) for the Sukuk.
      dan idAAA (sy) untuk Sukuk.




                                                      149
Page 619
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                      25. BONDS PAYABLE AND SUKUK (continued)

  e. Sukuk Wakalah 2023                                         e. Sukuk Wakalah 2023

     Pada tanggal 27 Desember 2023, Perusahaan                      On December 27, 2023, the Company (formerly
     (dahulu AP1) telah melakukan penandatanganan                   AP1) signed the Issuance and Monitoring Agent
     Perjanjian Penerbitan dan Agen Pemantau Sukuk                  Agreement for the Long-Term Sukuk Wakalah Bi
     Wakalah Bi Al-Istitsmar Jangka Panjang yang                    Al-Istitsmar, which was issued without a public
     dilakukan tanpa melalui Penawaran Umum                         offering, Angkasa Pura I Year 2023, with Sukuk
     Angkasa Pura I Tahun 2023 dengan Dana Modal                    Wakalah Investment Capital Funds amounting to
     Investasi Sukuk Wakalah sebesar Rp1.460.000                    Rp1,460,000 (with a tenure of 9 years and 10
     (berjangka waktu 9 tahun 10 bulan sejak tanggal                months from the issuance date).
     penerbitan).

     Pembayaran kembali dana modal investasi Sukuk                  The repayment of the investment capital of the
     Wakalah dan imbal hasil wakalah terakhir akan                  Sukuk Wakalah and the final wakalah profit share
     dilakukan pada tanggal pembayaran kembali                      will be made on the date of the investment capital
     dana modal investasi Sukuk Wakalah, sedangkan                  repayment of the Sukuk Wakalah, while the
     pembayaran imbal hasil wakalah akan dibayarkan                 wakalah profit share will be paid annually until the
     setiap tahunnya sampai dengan tanggal jatuh                    maturity date.
     tempo.

     Pemegang Sukuk Wakalah yang diwakili oleh                      The Sukuk Wakalah holders, represented by the
     agen pemantau memberikan kuasa dan                             monitoring agent, authorize and appoint the
     menunjuk Perusahaan (dahulu AP1) sebagai                       Company (formerly AP1) as the agent of the
     kuasa dari pemegang Sukuk Wakalah untuk                        wakalah sukuk holders to manage the funds
     mengelola dana yang diperoleh dari hasil                       obtained from the issuance of the Sukuk Wakalah
     penerbitan Sukuk Wakalah dengan melakukan                      through engaging in investment activities
     kegiatan investasi yang akan dilakukan dengan                  conducted under the ijarah contract.
     akad ijarah.

     Perusahaan (dahulu AP1) juga diwajibkan untuk                 The Company (formerly AP1) is also required to
     mempertahankan rasio-rasio keuangan tertentu                  maintain certain financial ratios during the sukuk
     selama periode utang sukuk sebagai berikut:                   payable ratio as follows:
     a) Perbandingan total pinjaman terhadap total                 a) Ratio of total debt to total equity not more than
        ekuitas tidak lebih dari 5 kali.                              5 times.
     b) Perbandingan penghasilan sebelum beban                     b) Ratio of earnings before income tax,
        pajak penghasilan, penyusutan dan amortisasi                  depreciation and amortization to interest
        terhadap beban bunga pinjaman tidak kurang                    expenses not less than 1 time starting from
        dari 1 kali yang dimulai pada tahun 2023.                     2023.

     Pada tanggal 31 Desember 2025 dan                             As of December 31, 2025 and 2024, the
     2024, Perusahaan telah memenuhi seluruh                       Company has complied with all of the covenants
     persyaratan pinjaman tersebut di atas seperti                 of the above-mentioned as stipulated in the
     disebutkan dalam perjanjian kredit.                           respective loan agreements.




                                                       150
Page 620
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                         25. BONDS PAYABLE AND SUKUK (continued)

  e. Sukuk Wakalah 2023 (lanjutan)                                  e. Sukuk Wakalah 2023 (continued)

      Pada tanggal 14 Maret 2024, peringkat                             On March 14, 2024, the Company (formerly
      Perusahaan (dahulu AP1) yang diberikan oleh                       AP1)'s rating given by PT Pemeringkat Efek
      PT Pemeringkat Efek Indonesia (Pefindo) untuk                     Indonesia (Pefindo) for the period from March 13,
      periode 13 Maret 2024 sampai dengan 1 Maret                       2024, to March 1, 2025, was idAAA(sy) for the
      2025 adalah idAAA(sy) untuk Sukuk.                                Sukuk.

      Pada tanggal 10 September 2025, peringkat                         On September 10, 2025, the Company’s rating
      Perusahaan      yang      diberikan      oleh                     given by PT Pemeringkat Efek Indonesia
      PT Pemeringkat Efek Indonesia (Pefindo) untuk                     (Pefindo) for the period from September 10, 2025
      periode 10 September 2025 sampai dengan 1                         to September 1, 2026, was idAAA(sy) for the
      September 2026 adalah idAAA (sy) untuk Sukuk.                     Sukuk.

  f. Obligasi 2024                                                  f. Bonds 2024

     Pada tanggal 5 Juli 2024, Perusahaan (dahulu                       On July 5, 2024, the Company (formerly AP1) has
     AP1) telah mendapatkan pernyataan efektif dari                     obtained an effective statement from Otoritas
     Otoritas Jasa Keuangan (OJK) atas penerbitan                       Jasa Keuangan (OJK) on the issuance of Bonds
     Obligasi Berkelanjutan II Angkasa Pura I Tahun                     II Angkasa Pura I Year 2024 with detail as follows:
     2024 dengan rincian sebagai berikut:

                                                      Obligasi/Bonds
                                                    Bunga per Tahun/              Jangka Waktu/
                           Nominal/ Amount         Interest per Annum                Periods

        Seri A                        8.005.000                   6,95 %                 3 tahun/ years                Series A
        Seri B                       50.005.000                   7,30 %                 5 tahun/ years                Series B
        Seri C                      196.750.000                   7,40 %                10 tahun/ years                Series C

       Jumlah                       254.760.000                                                                           Total



     Berdasarkan perjanjian dengan PT Bank KB                           Based on the agreement with PT Bank KB
     Bukopin Tbk. selaku Wali Amanat utang obligasi,                    Bukopin Tbk. as the Trustee for the bond debt,
     100% dana akan digunakan untuk pembiayaan                          100% of the funds will be used for the refinancing
     kembali (refinancing) Obligasi dan Sukuk Ijarah                    of the Sustainable Bonds and Sukuk Ijarah I
     Berkelanjutan I Angkasa Pura I Tahap I Tahun                       Angkasa Pura I Stage I Year 2021 Series A.
     2021 Seri A.

      Obligasi ini tidak dijamin dengan jaminan khusus,                 These bonds are not secured by specific
      tetapi baik langsung maupun tidak langsung                        collateral; however, they are directly or indirectly
      dijamin dengan seluruh harta kekayaan                             secured by all assets of the Company (formerly
      Perusahaan (dahulu AP1), baik barang bergerak                     AP1), whether movable or immovable, existing or
      maupun barang tidak bergerak, baik yang telah                     to be acquired in the future.
      ada maupun yang akan ada di kemudian hari.




                                                          151
Page 621
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


25. UTANG OBLIGASI DAN SUKUK (lanjutan)                       25. BONDS PAYABLE AND SUKUK (continued)

  f. Obligasi 2024 (lanjutan)                                    f. Bonds 2024 (continued)

      Perusahaan (dahulu AP1) juga diwajibkan untuk                 The Company (formerly AP1) is also required to
      mempertahankan rasio-rasio keuangan tertentu                  maintain certain financial ratios during the bonds
      selama periode utang obligasi sebagai berikut:                payable ratio as follows:
      a) Perbandingan total pinjaman terhadap total                 a) Ratio of total debt to total equity not more than
         ekuitas tidak lebih dari 5 kali.                              5 times.
      b) Perbandingan penghasilan sebelum beban                     b) Ratio of earnings before income tax,
         pajak penghasilan, penyusutan dan amortisasi                  depreciation and amortization to interest
         terhadap beban bunga pinjaman tidak kurang                    expenses not less than 1 time.
         dari 1 kali.

      Pada tanggal 31 Desember 2025 dan 2024,                       As of December 31, 2025 and 2024, the
      Perusahaan      telah    memenuhi     seluruh                 Company has complied with all of the covenants
      persyaratan pinjaman tersebut di atas seperti                 of the above-mentioned as stipulated in the
      disebutkan dalam perjanjian kredit.                           respective loan agreements.

      Pada tanggal 10 September 2025, peringkat                     On September 10, 2025, the Company’s (formerly
      obligasi Perusahaan (dahulu AP1) yang                         AP1) bonds rating given by PT Pemeringkat Efek
      diberikan oleh PT Pemeringkat Efek Indonesia                  Indonesia (Pefindo) for the period from
      (Pefindo) untuk periode 10 September 2025                     September 10, 2025 to September 1, 2026, was
      sampai dengan 1 September 2026 adalah                         idAAA.
      idAAA.

26. LIABILITAS JANGKA PANJANG LAINNYA                         26. OTHER NON-CURRENT LIABILITIES

  Rincian liabilitas jangka panjang lainnya adalah               The details of other non-current liabilities are as
  sebagai berikut:                                               follows:
                                      31 Desember 2025/    31 Desember 2024/
                                      December 31, 2025    December 31, 2024

    Pinjaman ijarah                            2.000.000            2.000.000                                    Ijarah loan
    Utang jaminan pelanggan                      234.214              317.219                  Customer deposit liabilities
    Kewajiban imbal hasil wakalah                121.308               58.461              Wakalah profit sharing liabilities
    Liabilitas kontrak                            93.547              108.651                            Contract liabilities
    Kewajiban imbal hasil ijarah                  90.861                    -                Ijarah profit sharing liabilities
    Utang bunga ditangguhkan                           -              522.212                   Deferred interest expense
    Lain-lain                                      9.243                9.099                                         Others

    Jumlah                                     2.549.173            3.015.642                                          Total

  Pada tanggal 30 Desember 2024, Perusahaan                      On December 30, 2024, the Company received
  menerima dana akad Ijarah sebagai bagian dari                  Ijarah contract funds as part of the issuance of
  penerbitan Sukuk Wakalah Bi Al-Istitsmar yang                  Sukuk Wakalah Bi Al-Istitsmar conducted without a
  dilakukan tanpa melalui penawaran umum                         public offering by PT Aviasi Pariwisata Indonesia
  PT Aviasi Pariwisata Indonesia (Persero).                      (Persero).




                                                        152
Page 622
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


26. LIABILITAS     JANGKA       PANJANG        LAINNYA            26. OTHER          NON-CURRENT                 LIABILITIES
    (lanjutan)                                                        (continued)

   Dana yang diterima oleh Perusahaan dari transaksi                 The funds received by the Company from the Ijarah
   akad Ijarah adalah sebesar Rp2.000.000 dengan                     contract transaction amounted to Rp2,000,000, with
   jangka waktu selama 9 (sembilan) tahun 9                          a term of 9 (nine) years and 9 (nine) months from
   (sembilan) bulan sejak tanggal penerbitan. Obyek                  the issuance date. The object of the Ijarah contract
   yang menjadi akad Ijarah adalah sewa manfaat                      is the usufruct of Passenger Service (PJP2U) on
   Pelayanan Jasa Penumpang Pesawat Udara                            domestic flights at Juanda Airport - Surabaya, which
   (PJP2U) pada penerbangan dalam negeri di                          is owned by the Company.
   Bandara Udara Juanda - Surabaya yang dimiliki
   oleh Perusahaan.

   Kewajiban imbal hasil wakalah berkaitan dengan                    The wakalah profit sharing liabilities relates to the
   utang imbal hasil Sukuk Wakalah yang akan                         Sukuk Wakalah profit sharing, which will be paid on
   dibayarkan pada 29 Oktober 2033 (Catatan 25).                     October 29, 2033 (Note 25).


   Kewajiban imbal hasil ijarah berkaitan dengan                     The ijarah profit sharing liabilities relates to the ijarah
   utang imbal hasil pinjaman ijarah yang akan                       loan, which will be paid on September 30, 2034.
   dibayarkan pada 30 September 2034.


   Utang jaminan pelanggan terutama merupakan                        Customer deposit payables primarily represent
   jaminan yang diterima Kelompok Usaha dari para                    security deposits received by the Group from
   penyewa (tenant) atas sewa ruangan, tanah dan                     tenants for the lease of space, land, and utility
   instalasi listrik, air dan telepon di awal perjanjian.            facilities such as electricity, water, and telephone at
   Utang jaminan tersebut akan dibayar kembali                       the commencement of the lease agreement. These
   kepada penyewa apabila hubungan sewa                              deposit liabilities will be refunded to the tenants upon
   menyewa dan pemakaian fasilitas berakhir.                         the termination of the lease arrangement and the
                                                                     cessation of facility usage.

   Liabilitas kontrak terutama merupakan pendapatan                  Contract liabilities mainly represents unearned
   yang diterima di muka Perusahaan (dahulu AP1)                     revenue of the Company (formerly AP1) from
   dari PT Duta Paramindo Sejahtera (“DPS”) atas                     PT Duta Paramindo Sejahtera (“DPS”) due to
   penyerahan Penggunaan tanah dengan hak                            handover of land with use management rights of
   pengelolaan seluas 129.216 m² milik Perusahaan                    129,216 m² owned by the Company (formerly AP1)
   (dahulu AP1) yang terletak di Jalan Pramukasari,                  located on Jalan Pramukasari, Rawasari Village,
   Kelurahan Rawasari, Kecamatan Cempaka Putih -                     Cempaka Putih District - Central Jakarta. The land
   Jakarta Pusat. Tanah tersebut akan digunakan                      will be used for the construction of simple flats
   untuk pembangunan rumah susun sederhana milik                     belonging (rusunami) based on the agreement
   (rusunami)      berdasarkan    perjanjian antara                  between the Company (formerly AP1) and DPS on
   Perusahaan (dahulu AP1) dan DPS tanggal                           October 21, 2009 with term of the agreement being
   21 Oktober 2009 dengan jangka waktu perjanjian                    30 years and can be extended for an additional
   30 tahun dan dapat diperpanjang untuk jangka                      period of 20 years. For the handover of land with
   waktu tambahan selama 20 tahun. Atas                              use management rights, the Company (formerly
   penyerahan Penggunaan tanah dengan hak                            AP1) received compensation from DPS amounting
   pengelolaan tersebut, Perusahaan (dahulu AP1)                     to Rp173,408 (including VAT).
   menerima uang penggantian dari DPS sebesar
   Rp173.408 (termasuk PPN).




                                                            153
Page 623
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


27. LIABILITAS IMBALAN KERJA KARYAWAN                          27. EMPLOYEE BENEFITS LIABILITIES

   a.   Liabilitas Imbalan Kerja Karyawan Jangka                    a.     Short-term Employee Benefit Liabilities
        Pendek

        Rincian liabilitas imbalan kerja jangka pendek                     The detail of short-term employee benefit
        terdiri dari:                                                      liabilities consist of:
                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

        Perusahaan                                                                                          The Company
          Tantiem dan jasa produksi                837.729                381.486         Tantiem and production services

        Entitas anak                                                                                          Subsidiaries
          Tantiem dan jasa produksi                 19.651                 32.152         Tantiem and production services

        Jumlah                                     857.380                413.638                                      Total


   b.   Liabilitas Imbalan Kerja Karyawan Jangka                    b.     Long-term Employee Benefit Liabilities
        Panjang

        Perusahaan dan masing-masing entitas anak                          The Company and each of subsidiaries
        menunjuk aktuaris independen, untuk                                appointed an independent actuary, to conduct
        melakukan penilaian dari taksiran liabilitas                       a valuation of the expected obligation for post-
        untuk program imbalan pasca kerja, program                         employment benefit program, defined benefit
        pensiun manfaat pasti, program imbalan                             pension plan, post-employment health benefit
        Kesehatan pasca kerja dan program imbalan                          program and other long-term benefit program.
        jangka panjang lainnya.

        Liabilitas imbalan kerja karyawan jangka                           The Company’s long-term employee benefit
        panjang      Perusahaan    pada     tanggal                        liabilities as of December 31, 2025 and 2024
        31 Desember 2025 dan 2024 dihitung dengan                          was calculated using the projected unit credit
        menggunakan metode projected unit credit                           method by each entity’s independent actuary.
        oleh aktuaris independen masing-masing                             The actuarial valuation for 2025 was
        entitas. Perhitungan untuk tahun 2025                              performed by Kantor Konsultan Aktuaria
        dilakukan oleh Kantor Konsultan Aktuaria                           (“KKA”) Enny Diah Awal, while the 2024
        (“KKA”) Enny Diah Awal, sedangkan                                  valuation was conducted by KKA Halim dan
        perhitungan untuk tahun 2024 dilakukan oleh                        Rekan.
        KKA Halim dan Rekan.

                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

        Perusahaan                                                                                            The Company
            Program imbalan                                                                            Post-employment
              pasca kerja                        1.096.056                604.156                      benefit program
            Program pensiun                                                                              Defined benefit
              manfaat pasti                        981.493               1.329.139                    pension program
            Program imbalan
              kesehatan pasca                                                                          Post-employment
              kerja                                135.206                 87.905               health benefit program
            Program imbalan
              jangka panjang                                                                             Other long-term
              lainnya                              155.367                139.377                      benefit program

             Subtotal                            2.368.122               2.160.577                               Subtotal
        Entitas anak                                10.198                   5.301                               Subsidiary

        Jumlah                                   2.378.320               2.165.878                                     Total




                                                         154
Page 624
                                                                       The original consolidated financial statements included herein
                                                                                                         are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                 PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                            As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                           (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


27. LIABILITAS IMBALAN KERJA KARYAWAN                                27. EMPLOYEE BENEFITS LIABILITIES

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                          b.    Long-term Employee           Benefit     Liabilities
        Panjang (lanjutan)                                                      (continued)

        Beban yang diakui dalam laba rugi atas                                   The expenses recognized in profit or loss
        imbalan kerja karyawan jangka panjang                                    relating to long-term employee benefits are as
        adalah sebagai berikut:                                                  follows:

                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                  2025                   2024
        Perusahaan                                   644.250                421.961                                    The Company
        Entitas anak                                   6.219                  3.900                                       Subsidiary
        Jumlah                                       650.469                425.861                                             Total


        (Keuntungan) kerugian aktuaria terkait                                   The actuarial gain (loss) related to long-term
        liabilitas imbalan kerja karyawan jangka                                 employee benefit liabilities are as follows:
        panjang adalah sebagai berikut:

                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                  2025                   2024

        Perusahaan                                    (29.987)                 73.156                                  The Company
        Entitas anak                                       33                   1.318                                   Subsidiaries
        Jumlah                                        (29.954)                 74.474                                           Total


   b.1. Program Imbalan Pasca Kerja                                       b.1. Post-employment Benefit Program

        Perusahaan membukukan liabilitas imbalan                                 The Company recognizes post-employment
        pasca kerja yang mencakup manfaat                                        benefit liabilities that include voluntary
        pengunduran diri secara sukarela, manfaat                                resignation benefits, death benefits, disability
        meninggal dunia, manfaat cacat, manfaat                                  benefits, pension benefits, housing assistance,
        pensiun, bantuan kepemilikan rumah, dan                                  and long-service award benefits.
        penghargaan pengabdian emas.

        Asumsi aktuaria yang digunakan dalam                                     The actuarial assumptions used to determine
        menentukan beban dan liabilitas adalah                                   post-employment benefit expenses and
        sebagai berikut:                                                         liabilities are as follows:
                                              2025                             2024
        Tabel mortalitas           :             Tabel Mortalitas Indonesia IV 2019/         :                          Mortality table
                                                 Indonesian Mortality Table IV 2019
        Tingkat diskonto           :       5,58%-6,65%                  7,10% per tahun/year :                          Discount rate
                                           per tahun/year
        Tingkat kenaikan gaji      :                3,00%-6,00% per tahun/year               :                   Salary increase rate
        Tingkat kecacatan          :       10% dari tabel mortalitas/of the mortality table  :                Percentage of disability
        Usia pensiun maksimum      :                      56 tahun/years                     :                Maximum pension age
        Tingkat pengunduran diri   : 1,00% pada usia 20-25 tahun dan menurun secara linier :                        Resignation rate
                                              hingga 0,00% pada usia pensiun normal/
                                            1.00% for employees aged 20-25 years and
                                       linearly decreasing to 0.00% at the normal retirement
                                                                 age




                                                              155
Page 625
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


27. LIABILITAS    IMBALAN          KERJA   KARYAWAN               27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b. Liabilitas Imbalan Kerja Karyawan Jangka                        b. Long-term Employee             Benefit      Liabilities
      Panjang (lanjutan)                                                 (continued)

   b.1. Program Imbalan Pasca Kerja (lanjutan)                        b.1. Post-employment              Benefit        Program
                                                                           (continued)

        Ringkasan dari nilai kini liabilitas dan jumlah                     The summary of the present value of liabilities
        aset programnya per tanggal 31 Desember                             and its asset program as of December 31,
        2025 dan 2024 adalah:                                               2025 and 2024 are as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Nilai kini liabilitas                      1.829.813             1.324.139                    Present value of liabilities
        Nilai wajar aset program                    (733.757)             (719.983)                    Fair value of plan assets

        Jumlah                                     1.096.056               604.156                                          Total


        Rekonsiliasi saldo awal dan akhir dari nilai kini                   The reconciliation of beginning and ending
        liabilitas adalah sebagai berikut:                                  balance of present value of liabilities is as
                                                                            follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Saldo awal                                 1.324.139             1.370.378                           Beginning balance
        Koreksi saldo awal                            (9.478)                    -             Adjustment to beginning balance
        Biaya jasa kini                              127.424               104.816                         Current service cost
        Biaya jasa lalu                              317.110                40.253                            Past service cost
        Biaya bunga                                   91.846                90.689                                 Interest cost
        Pembayaran imbalan                          (110.055)             (107.757)                               Benefits paid
        Iuran peserta                                      -                 6.618                  Contribution of participants
        Kerugian (keuntungan) aktuarial               88.827              (180.858)                        Actuarial loss (gain)

        Jumlah                                     1.829.813             1.324.139                                          Total


        Rekonsiliasi saldo awal dan akhir dari nilai                        The reconciliation of beginning and ending
        wajar aset program adalah sebagai berikut:                          balance of fair value of plan asset program is
                                                                            as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Saldo awal                                   719.983               713.670                           Beginning balance
        Imbalan hasil aset program                    50.522                47.599                       Return on plan assets
        Iuran pemberi kerja                           47.788                52.760                     Contribution of employer
        Iuran peserta program                          6.478                 6.618                   Contribution of participants
        Pembayaran imbalan                           (71.065)              (64.745)                                 Benefit paid
        Kerugian aktuarial                           (19.949)              (35.919)                               Actuarial loss

        Jumlah                                       733.757               719.983                                          Total




                                                            156
Page 626
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


27. LIABILITAS    IMBALAN          KERJA   KARYAWAN               27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                       b.    Long-term Employee Benefit Liabilities
        Panjang (lanjutan)                                                   (continued)

   b.1. Program Imbalan Pasca Kerja (lanjutan)                         b.1. Post-employment             Benefit         Program
                                                                            (continued)

        Rincian beban yang diakui dalam laporan laba                          The details of expenses recognized in the
        rugi konsolidasian adalah sebagai berikut:                            consolidated statements of profit or loss are as
                                                                              follows:

                                             Tahun yang Berakhir pada Tanggal
                                                       31 Desember/
                                                 Year Ended December 31,

                                                 2025                 2024
        Biaya jasa kini                             127.424              104.816                            Current service cost
        Iuran peserta                                (6.478)                   -                     Contribution of participants
        Biaya jasa lalu                             317.110               40.253                               Past service cost
        Biaya bunga                                  41.324               43.090                                    Interest cost
        Keuntungan aktuarial                         18.997                1.046                                  Actuarial gain

        Jumlah                                      498.377              189.205                                            Total


        Rekonsiliasi saldo pengukuran kembali pada                            The reconciliation of re-measurement in the
        laporan posisi keuangan konsolidasian adalah                          consolidated statements of financial position
        sebagai berikut:                                                      are as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Jumlah pengukuran                                                                                   Re-measurement
          kembali awal tahun                        (240.131)                (94.146)               amount beginning of year
        Keuntungan aktuarial                         (80.301)               (145.985)                           Actuarial gain

        Jumlah                                      (320.432)               (240.131)                                       Total


        Mutasi liabilitas neto yang diakui di laporan                         The movements of the net liabilities in the
        posisi keuangan konsolidasian adalah                                  consolidated statement of financial position
        sebagai berikut:                                                      are as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Saldo awal                                   604.156                 656.708           Net liabilities - beginning of year
        Beban yang diakui                                                                                    Expense recognized
           dalam laba rugi                           498.377                 189.205                              in profit or loss
        Beban (penghasilan)                                                                                     Expense (income)
           yang diakui dalam                                                                                        recognized in
           penghasilan                                                                               the other comprehensive
           komprehensif lain                          80.301                (145.985)                                      income
        Iuran pemberi kerja                          (47.788)                (43.012)                  Contribution of employer
        Pembayaran                                   (38.990)                (52.760)                                  Contribution

        Liabilitas - akhir tahun                   1.096.056                 604.156                    Liabilities - end of year




                                                           157
Page 627
                                                                            The original consolidated financial statements included herein
                                                                                                              are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


27. LIABILITAS      IMBALAN         KERJA      KARYAWAN                   27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                               b.    Long-term Employee Benefit Liabilities
        Panjang (lanjutan)                                                           (continued)

   b.1. Program Imbalan Pasca Kerja (lanjutan)                                 b.1. Post-employment             Benefit        Program
                                                                                    (continued)

        Nilai kini liabilitas akhir setelah efek analisa                              The present values of liabilities after the effect
        sensitivitas adalah sebagai berikut:                                          of sensitivity analysis are as follows:

                                               31 Desember 2025/        31 Desember 2024/
                                               December 31, 2025        December 31, 2024

         Asumsi tingkat diskonto                                                                             Discount rate assumptions
           Jika tingkat + 1%                                579.925                  594.810                             If Rate +1%
           Jika tingkat - 1%                                911.969                  845.222                              If Rate -1%
         Asumsi tingkat kenaikan gaji                                                                     Salary increment assumptions
           Jika tingkat + 1%                                915.106                  834.514                             If Rate +1%
           Jika tingkat - 1%                                574.926                  605.155                              If Rate -1%

        Komposisi pengelolaan dana atas aset yang                                     The composition of fund management for the
        ditempatkan terdiri dari deposito berjangka,                                  assets placed consists of time deposits,
        reksa dana, deposito on call, obligasi, serta                                 mutual funds, deposits on call, bonds, and
        tanah dan bangunan.                                                           land and buildings.

   b.2. Program Pensiun Manfaat Pasti                                          b.2. Defined Benefit Pension Program

        Program pensiun ini dikelola oleh Dana                                        The retirement program is managed by Dana
        Pensiun Angkasa Pura I dan Dana Pensiun                                       Pensiun Angkasa Pura I and Dana Pensiun
        Angkasa Pura II.                                                              Angkasa Pura II

        Asumsi aktuaria yang digunakan dalam                                          The actuarial assumptions used to determine
        menentukan beban dan liabilitas adalah                                        post-employment benefit expenses and
        sebagai berikut:                                                              liabilities are as follows:

                                                   2025                             2024
        Tabel mortalitas                :           Tabel Mortalitas Indonesia IV 2019/           :                           Mortality table
                                                    Indonesian Mortality Table IV 2019
        Tingkat diskonto                :     6,90%-7,00%                     6,00%-7,10%         :                            Discount rate
                                              per tahun/year                  per tahun/year
        Tingkat kenaikan Penghasilan    :              3,00%-5,00% per tahun/year                 :
          Dasar Tunjangan Hari Tua                                                                                 Basic Income Retirement
          (PhDTHT)                                                                                      Allowance (PhdDTHT) increase
        Tingkat kecacatan               :       10% dari tabel mortalitas/of the mortality table  :                 Percentage of disability
        Usia pensiun maksimum           :                      56 tahun/years                     :                  Maximum pension age
        Tingkat pengunduran diri        : 1,00% pada usia 20-25 tahun dan menurun secara linier :                           Resignation rate
                                                   hingga 0,00% pada usia pensiun normal/
                                                 1.00% for employees aged 20-25 years and
                                            linearly decreasing to 0.00% at the normal retirement
                                                                      age

        Ringkasan dari nilai kini liabilitas dan jumlah                               The summary of the present value of liabilities
        aset programnya per tanggal 31 Desember                                       and its asset program as of December 31,
        2025 and 2024 adalah:                                                         2025 and 2024 are as follows:

                                               31 Desember 2025/        31 Desember 2024/
                                               December 31, 2025        December 31, 2024

         Nilai kini liabilitas                             3.707.196             3.778.062                    Present value of liabilities
         Nilai wajar aset program                         (2.725.703)           (2.448.923)                    Fair value of plan assets

         Jumlah                                             981.493              1.329.139                                          Total

                                                                   158
Page 628
                                                                      The original consolidated financial statements included herein
                                                                                                        are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


27. LIABILITAS    IMBALAN       KERJA     KARYAWAN                  27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                         b.    Long-term Employee Benefit Liabilities
        Panjang (lanjutan)                                                     (continued)

   b.2. Program Pensiun Manfaat Pasti (lanjutan)                         b.2. Defined     Benefit         Pension        Program
                                                                              (continued)

        Rekonsiliasi saldo awal dan akhir dari nilai kini                      The reconciliation of beginning and ending
        liabilitas adalah sebagai berikut:                                     balance of present value of liabilities is as
                                                                               follows:

                                          31 Desember 2025/       31 Desember 2024/
                                          December 31, 2025       December 31, 2024

        Saldo awal                                 3.778.062               3.616.340                           Beginning balance
        Biaya jasa kini                               18.077                  20.451                          Current service cost
        Biaya bunga                                  259.372                 251.542                                  Interest cost
        Pembayaran imbalan                          (249.882)               (244.255)                                Benefits paid
        Iuran peserta                                      -                   2.910                   Contribution of participants
        (Keuntungan) kerugian aktuarial              (98.433)                131.074                          Actuarial (gain) loss

        Jumlah                                     3.707.196               3.778.062                                         Total


        Rekonsiliasi saldo awal dan akhir dari nilai                           The reconciliation of beginning and ending
        wajar aset program adalah sebagai berikut:                             balance of fair value of plan asset program is
                                                                               as follows:

                                          31 Desember 2025/       31 Desember 2024/
                                          December 31, 2025       December 31, 2024

        Saldo awal                                 2.448.923               2.293.902                           Beginning balance
        Imbalan hasil aset program                   176.153                 188.763                       Return on plan assets
        Iuran pemberi kerja                          311.366                 315.094                     Contribution of employer
        Iuran peserta program                          2.731                   2.910                   Contribution of participants
        Pembayaran imbalan                          (249.882)               (244.255)                                 Benefit paid
        Keuntungan (kerugian) aktuarial               36.412                (107.491)                         Actuarial gain (loss)

        Jumlah                                     2.725.703               2.448.923                                         Total


        Rincian beban yang diakui dalam laporan laba                           The details of expenses recognized in the
        rugi konsolidasian adalah sebagai berikut:                             consolidated statements of profit or loss are as
                                                                               follows:

                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                 2025                   2024


        Biaya jasa kini                                 18.077                20.451                         Current service cost
        Iuran peserta                                   (2.731)                    -                  Contribution of participants
        Imbalan hasil aset program                      83.219                62.779                      Return on plan assets

        Jumlah                                       98.565                   83.230                                         Total




                                                             159
Page 629
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


27. LIABILITAS    IMBALAN          KERJA   KARYAWAN               27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                       b.     Long-term Employee Benefit Liabilities
        Panjang (lanjutan)                                                    (continued)

   b.2. Program Pensiun Manfaat Pasti (lanjutan)                       b.2. Defined     Benefit         Pension         Program
                                                                            (continued)

        Rekonsiliasi saldo pengukuran kembali pada                            The reconciliation of re-measurement in the
        laporan posisi keuangan konsolidasian adalah                          consolidated statements of financial position
        sebagai berikut:                                                      are as follows:
                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Jumlah pengukuran                                                                                    Re-measurement
          kembali awal tahun                       2.041.226             1.802.661                  amount beginning of year
        Kerugian aktuarial                           134.845               238.565                                Actuarial loss
        Jumlah                                     2.176.071             2.041.226                                           Total


        Mutasi liabilitas neto yang diakui di laporan                         The movements of the net liabilities in the
        posisi keuangan konsolidasian adalah sebagai                          consolidated statement of financial position
        berikut:                                                              are as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Saldo awal                                 1.329.139             1.322.438              Net liabilities - beginning of year
        Beban yang diakui                                                                                     Expense recognized
           dalam laba rugi                            98.565                  83.230                             in profit or loss
        (Penghasilan) beban                                                                                      (Income) expense
           yang diakui dalam                                                                                       recognized in
           penghasilan                                                                             the other comprehensive
           komprehensif lain                        (134.845)                238.565                                      income
        Iuran pemberi kerja                         (311.366)               (315.094)                   Contribution of employer
        Liabilitas - akhir tahun                     981.493                1.329.139                   Liabilities - end of year


        Nilai kini liabilitas akhir setelah efek analisa                      The present values of liabilities after the effect
        sensitivitas adalah sebagai berikut:                                  of sensitivity analysis are as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Asumsi tingkat diskonto                                                                      Discount rate assumptions
          Jika tingkat + 1%                        2.381.587             2.102.572                              If Rate +1%
          Jika tingkat - 1%                        3.134.910             2.861.984                               If Rate -1%
        Asumsi tingkat kenaikan gaji                                                              Salary increment assumptions
          Jika tingkat + 1%                        2.751.786             2.480.826                              If Rate +1%
          Jika tingkat - 1%                        2.701.728             2.420.254                               If Rate -1%

        Komposisi pengelolaan dana atas aset                                  The composition of fund management for the
        ditempatkan adalah surat berharga negara,                             assets placed consists of government
        obligasi dan sukuk, deposito berjangka, unit                          securities, bonds and sukuk, time deposits,
        penyertaan reksa dana, saham, dan                                     mutual fund units, equity securities, and direct
        penempatan langsung.                                                  investments.




                                                           160
Page 630
                                                                        The original consolidated financial statements included herein
                                                                                                          are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                   PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


27. LIABILITAS      IMBALAN       KERJA      KARYAWAN                  27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                            b.    Long-term Employee          Benefit     Liabilities
        Panjang (lanjutan)                                                        (continued)

   b.3. Program Imbalan Kesehatan Pasca Kerja                               b.3. Post-employment Health Benefit Program

        Kesehatan pensiun diberikan kepada pegawai                                 Pension health is given to employees in
        pada masa pensiun meliputi pegawai yang                                    retirement including the employee concerned
        bersangkutan bersama istri/suami dan anak                                  with his/her wife/husband and legitimate
        yang sah yang tercantum dalam Surat                                        children listed in the Pension Decree. The
        Keputusan Pensiun. Manfaat yang diterima                                   benefits received by participants were in the
        peserta berupa premi BPJS dan bantuan                                      form of BPJS premiums and assistance in
        penggantian rawat inap dalam jumlah                                        hospitalization reimbursement at certain
        tertentu. Program kesehatan pensiun bagi                                   amount. The retirement health program for the
        karyawan Perusahaan (dahulu AP1) dikelola                                  Company’s (formerly AP1) employees          is
        oleh Yayasan Kesejahteraan Karyawan                                        managed       by    Yayasan     Kesejahteraan
        Angkasa Pura I (YAKKAP I), sedangkan untuk                                 Karyawan Angkasa Pura I (YAKKAP I), while
        karyawan Perusahaan (dahulu AP2) dikelola                                  for the Company’s (formerly AP2) employees is
        oleh PT Asuransi Jiwa Taspen.                                              managed by PT Asuransi Jiwa Taspen.

        Asumsi aktuaria yang digunakan dalam                                       The actuarial assumptions used to determine
        menentukan beban dan liabilitas adalah                                     post-employment benefit expenses and
        sebagai berikut:                                                           liabilities are as follows:

                                                2025                             2024
        Tabel mortalitas              :           Tabel Mortalitas Indonesia IV 2019/         :                          Mortality table
                                                  Indonesian Mortality Table IV 2019
        Tingkat diskonto            :       6,86%-7,02%                         7,10%         :                          Discount rate
                                            per tahun/year                  per tahun/year
        Tingkat kenaikan Premi BPJS :                   7,00% per tahun/year                  :          BPJS premium escalation rate
        Tingkat kecacatan           :       10% dari tabel mortalitas/of the mortality table  :                Percentage of disability
        Usia pensiun maksimum       :                      56 tahun/years                     :                Maximum pension age
        Tingkat pengunduran diri    : 1,00% pada usia 20-25 tahun dan menurun secara linier :                        Resignation rate
                                               hingga 0,00% pada usia pensiun normal/
                                             1.00% for employees aged 20-25 years and
                                        linearly decreasing to 0.00% at the normal retirement
                                                                  age

        Ringkasan dari nilai kini liabilitas dan jumlah                            The summary of the present value of liabilities
        aset programnya per tanggal 31 Desember                                    and its asset program as of December 31, 2025
        2025 dan 2024 adalah sebagai berikut:                                      and 2024 are as follows:
                                             31 Desember 2025/      31 Desember 2024/
                                             December 31, 2025      December 31, 2024

         Nilai kini liabilitas                           478.169                  446.337                  Present value of liabilities
         Nilai wajar aset program                       (413.370)                (416.971)                  Fair value of plan assets
         Dampak pembatasan aset                           70.407                   58.539                 Impact of assets restriction

         Jumlah                                          135.206                   87.905                                         Total




                                                                161
Page 631
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


27. LIABILITAS    IMBALAN      KERJA      KARYAWAN                27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                       b.    Long-term Employee Benefit Liabilities
        Panjang (lanjutan)                                                   (continued)

   b.3. Program Imbalan Kesehatan Pasca Kerja                          b.3. Post-employment Health Benefit Program
        (lanjutan)                                                          (continued)

        Rekonsiliasi saldo awal dan akhir dari nilai kini                     The reconciliation of beginning and ending
        liabilitas adalah sebagai berikut:                                    balance of present value of liabilities is as
                                                                              follows:

                                         31 Desember 2025/      31 Desember 2024/
                                         December 31, 2025      December 31, 2024

        Saldo Awal                                   446.337                 374.967                         Beginning balance
        Biaya jasa kini                               20.159                  13.822                        Current service cost
        Biaya jasa lalu                                    -                  89.050                           Past service cost
        Biaya bunga                                   31.690                  27.011                                Interest cost
        Pembayaran imbalan                            (8.269)                 (8.833)                              Benefits paid
        Iuran peserta                                      -                   3.574                 Contribution of participants
        Keuntungan aktuarial                         (11.748)                (53.254)                             Actuarial gain
        Jumlah                                       478.169                 446.337                                       Total


        Rekonsiliasi saldo awal dan akhir dari nilai                          The reconciliation of beginning and ending
        wajar aset program adalah sebagai berikut:                            balance of fair value of plan asset program is
                                                                              as follows:

                                         31 Desember 2025/      31 Desember 2024/
                                         December 31, 2025      December 31, 2024

        Saldo awal                                   416.971                 412.011                         Beginning balance
        Imbalan hasil aset program                    29.447                  27.913                     Return on plan assets
        Iuran peserta program                          3.459                   3.574                 Contribution of participants
        Pembayaran imbalan                            (7.913)                 (8.121)                               Benefit paid
        Keuntungan aktuarial                         (28.594)                (18.406)                             Actuarial gain
        Jumlah                                       413.370                 416.971                                       Total


        Rincian beban yang diakui dalam laporan laba                          The details of expenses recognized in the
        rugi konsolidasian adalah sebagai berikut:                            consolidated statements of profit or loss are as
                                                                              follows:

                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                 2025                 2024

        Biaya jasa kini                              20.159                 13.822                          Current service cost
        Iuran peserta                                (3.459)                     -                   Contribution of participants
        Biaya bunga                                   6.399                  5.170                                  Interest cost
        Biaya jasa lalu                                   -                 89.050                             Past service cost

        Jumlah                                       23.099              108.042                                           Total




                                                            162
Page 632
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


27. LIABILITAS    IMBALAN          KERJA   KARYAWAN               27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                       b.    Long-term Employee Benefit Liabilities
        Panjang (lanjutan)                                                   (continued)

   b.3. Program Imbalan Kesehatan Pasca Kerja                          b.3. Post-employment Health Benefit Program
        (lanjutan)                                                          (continued)

        Rekonsiliasi saldo pengukuran kembali pada                           The reconciliation of re-measurement in the
        laporan posisi keuangan konsolidasian adalah                         consolidated statements of financial position
        sebagai berikut:                                                     are as follows:
                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Jumlah pengukuran                                                                                   Re-measurement
          kembali awal tahun                        (101.845)                (82.420)               amount beginning of year
        Keuntungan aktuarial                         (24.557)                (19.425)                           Actuarial gain
        Jumlah                                      (126.402)               (101.845)                                      Total


        Mutasi liabilitas neto yang diakui di laporan                        The movements of the net liabilities in the
        posisi keuangan konsolidasian adalah sebagai                         consolidated statement of financial position
        berikut:                                                             are as follows:
                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Saldo awal                                    87.905                       -                         Beginning balance
        Beban yang diakui                                                                                  Expense recognized
          dalam laba rugi                             23.099                108.042                             in profit or loss
        Beban (penghasilan)                                                                                  Expense (income)
          yang diakui dalam                                                                                       recognized in
          penghasilan                                                                                the other comprehensive
          komprehensif lain                           24.557                 (19.425)                                    income
        Pembayaran imbalan                              (356)                   (712)                                Benefit paid
        Liabilitas - akhir tahun                     135.205                  87.905                    Liabilities - end of year


        Nilai kini liabilitas akhir setelah efek analisa                     The present values of liabilities after the effect
        sensitivitas adalah sebagai berikut:                                 of sensitivity analysis are as follows:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Asumsi tingkat diskonto                                                                     Discount rate assumptions
          Jika tingkat + 1%                          269.275                293.809                             If Rate +1%
          Jika tingkat - 1%                          438.746                442.677                              If Rate -1%
        Asumsi tingkat kenaikan gaji                                                             Salary increment assumptions
          Jika tingkat + 1%                          431.898                384.792                             If Rate +1%
          Jika tingkat - 1%                          273.709                336.085                              If Rate -1%

        Komposisi pengelolaan dana atas aset yang                            The composition of fund management for the
        ditempatkan terdiri dari obligasi, deposito                          assets placed consists of bonds, time
        berjangka, reksa dana, penyertaan langsung,                          deposits, mutual funds, direct investments,
        serta tanah dan bangunan.                                            and land and buildings.




                                                           163
Page 633
                                                                         The original consolidated financial statements included herein
                                                                                                           are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                   PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


27. LIABILITAS       IMBALAN       KERJA    KARYAWAN                   27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                            b.    Long-term Employee           Benefit     Liabilities
        Panjang (lanjutan)                                                        (continued)

   b.4. Program Imbalan Kerja Jangka Panjang                               b.4. Other Long-term Benefit Program
        Lainnya

        Program imbalan jangka panjang lainnya terdiri                             Other long-term benefits program consists of,
        antara lain dari manfaat tanda penghargaan,                                among others, benefits from a long service
        cuti jangka panjang, dan masa persiapan                                    reward, long service leave, and retirement
        pensiun.                                                                   preparation period.

        Asumsi aktuaria yang digunakan dalam                                      The actuarial assumptions used to determine
        menentukan beban dan liabilitas adalah                                    post-employment benefit expenses and
        sebagai berikut:                                                          liabilities are as follows:

                                                2025                             2024
        Tabel mortalitas             :             Tabel Mortalitas Indonesia IV 2019/         :                         Mortality table
                                                   Indonesian Mortality Table IV 2019
        Tingkat diskonto             :       5,36%-6,55%                      6,90%-7,10%      :                          Discount rate
                                             per tahun/year                  per tahun/year
        Tingkat kenaikan gaji        :                   6,00% per tahun/year                  :                   Salary increase rate
        Tingkat kecacatan            :       10% dari tabel mortalitas/of the mortality table  :                Percentage of disability
        Usia pensiun maksimum        :                      56 tahun/years                     :                Maximum pension age
        Tingkat pengunduran diri     : 1,00% pada usia 20-25 tahun dan menurun secara linier :                        Resignation rate
                                                hingga 0,00% pada usia pensiun normal/
                                              1.00% for employees aged 20-25 years and
                                         linearly decreasing to 0.00% at the normal retirement
                                                                   age

        Ringkasan dari nilai kini liabilitas per tanggal 31                       The summary of the present value of liabilities
        Desember 2025 dan 2024 adalah sebagai                                     as of December 31, 2025 and 2024 are as
        berikut:                                                                  follows:
                                            31 Desember 2025/      31 Desember 2024/
                                            December 31, 2025      December 31, 2024

         Nilai kini liabilitas                          155.367                   139.377                   Present value of liabilities

         Jumlah                                         155.367                   139.377                                         Total


        Rekonsiliasi saldo awal dan akhir dari nilai kini                          The reconciliation of beginning and ending
        liabilitas adalah sebagai berikut:                                         balance of present value of liabilities is as
                                                                                   follows:

                                            31 Desember 2025/      31 Desember 2024/
                                            December 31, 2025      December 31, 2024

         Saldo awal                                     139.377                   107.675                          Beginning balance
         Biaya jasa kini                                 18.510                    18.604                         Current service cost
         Biaya jasa lalu                                 30.034                    40.588                           Past service cost
         Biaya bunga                                      9.994                     9.992                                Interest cost
         Pembayaran imbalan                              (8.218)                   (9.785)                              Benefits paid
         Keuntungan aktuarial                           (34.330)                  (27.697)                              Actuarial gain

         Jumlah                                         155.367                   139.377                                         Total




                                                                164
Page 634
                                                                     The original consolidated financial statements included herein
                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


27. LIABILITAS   IMBALAN        KERJA     KARYAWAN                 27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.   Liabilitas Imbalan Kerja Karyawan Jangka                        b.     Long-term Employee              Benefit      Liabilities
        Panjang (lanjutan)                                                     (continued)

        b.4. Program Imbalan Kerja Jangka Panjang                              b.4. Other Long-term              Benefit      Program
             Lainnya (lanjutan)                                                     (continued)

           Rincian beban yang diakui dalam laporan                                      The details of expenses recognized in the
           laba rugi konsolidasian adalah sebagai                                       consolidated statements of profit or loss
           berikut:                                                                     are as follows:
                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                2025                   2024

           Biaya jasa kini                          18.510                    18.604                               Current service cost
           Biaya jasa lalu                          30.034                    40.588                                 Past service cost
           Biaya bunga                               9.994                     9.992                                      Interest cost
           Keuntungan aktuarial                    (34.330)                  (27.697)                                    Actuarial gain

           Jumlah                                   24.208                   41.487                                                Total


           Mutasi liabilitas neto yang diakui di laporan                                The movements of the net liabilities in the
           posisi keuangan konsolidasian adalah                                         consolidated statement of financial
           sebagai berikut:                                                             position are as follows:

                                          31 Desember 2025/      31 Desember 2024/
                                          December 31, 2025      December 31, 2024

           Saldo awal                               139.377                   107.675                 Net liabilities - beginning of year
           Beban yang diakui                                                                                        Expense recognized
             dalam laba rugi                           24.208                  41.487                                   in profit or loss
           Pembayaran imbalan                          (8.218)                 (9.785)                                       Benefits paid

           Liabilitas - akhir tahun                 155.367                   139.377                         Liabilities - end of year


           Nilai kini liabilitas akhir setelah efek                                     The present values of liabilities after the
           Analisa sensitivitas adalah sebagai                                          effect of sensitivity analysis are as follows:
           berikut:

                                          31 Desember 2025/      31 Desember 2024/
                                          December 31, 2025      December 31, 2024

           Asumsi tingkat diskonto                                                                         Discount rate assumptions
             Jika tingkat + 1%                      (10.450)                   (10.037)                                If Rate +1%
             Jika tingkat - 1%                       11.869                     11.552                                  If Rate -1%
           Asumsi tingkat kenaikan gaji                                                                 Salary increment assumptions
             Jika tingkat + 1%                       11.798                      9.205                                 If Rate +1%
             Jika tingkat - 1%                      (10.577)                    (8.936)                                 If Rate -1%




                                                            165
Page 635
                                                                          The original consolidated financial statements included herein
                                                                                                            are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                   PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


27. LIABILITAS      IMBALAN        KERJA      KARYAWAN                  27. EMPLOYEE BENEFITS LIABILITIES (continued)
    (lanjutan)

   b.    Liabilitas Imbalan Kerja Karyawan Jangka                            b. Long-term Employee Benefit Liabilities
         Panjang (lanjutan)                                                     (continued)

         Asumsi aktuarial yang signifikan untuk                                   Significant actuarial assumption for the
         penentuan kewajiban imbalan pasti adalah                                 determination of the defined benefit obligation
         tingkat diskonto dan kenaikan gaji yang                                  are discount rate and expected salary increase.
         diharapkan. Sensitivitas analisis ditentukan                             The sensitivity analysis have been determined
         berdasarkan     masing-masing     perubahan                              based on reasonably possible change of the
         asumsi yang mungkin terjadi pada akhir                                   respective assumption occure at the end of the
         periode pelaporan dan semua asumsi lain akhir                            reporting period, while holding all other
         periode pelaporan, dengan semua asumsi lain                              assumption constant.
         konstan.

         Risiko Tingkat Bunga                                                    Interest Rate Risk
         Nilai kini kewajiban pensiun imbalan pasti                              The present value of the defined benefit pension
         dihitung menggunakan tingkat diskonto yang                              obligation is calculated using a discount rate
         ditetapkan dengan mengacu pada obligasi                                 determined by reference to long-term
         pemerintah jangka panjang. Penurunan suku                               government bonds. A reduction in the bond
         bunga obligasi akan meningkatkan liabilitas                             interest rate will increase the program liability.
         program.

         Risiko Gaji                                                              Salaries Risk
         Nilai kini kewajiban imbalan pasti dihitung                              The present value of the defined benefit
         dengan mengacu pada gaji masa depan                                      obligation is calculated by reference to the
         peserta program. Dengan demikian, kenaikan                               salary of the future program participants. Thus,
         gaji peserta program akan meningkatkan                                   the salary increase program participants will
         liabilitas program itu                                                   enhance the program's liabilities.

28. MODAL SAHAM                                                         28. SHARE CAPITAL

   Susunan pemegang saham Perusahaan dan                                     The details of the Company’s shareholder and its
   kepemilikan saham pada tanggal 31 Desember                                share ownership as of December 31, 2025 and
   2025 dan 2024 adalah sebagai berikut:                                     2024 is as follows:
                                                                             Jumlah
                                                                       saham ditempatkan
                                                                       dan disetor penuh/
                                                                             Number
                                                 Jenis saham/            of share issued     % Kepemilikan/
        Pemegang saham/Shareholders             Type of shares            and fully paid      % Ownership           Jumlah/Total

   Pemerintah Indonesia/
    Government of The Republic of Indonesia      Seri A Dwiwarna                       2              0,00001                     2
   PT Aviasi Pariwisata Indonesia (Persero)                Seri B             25.251.251             99,99999            25.251.251

                                                                              25.251.253                  100            25.251.253




                                                                 166
Page 636
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


28. MODAL SAHAM (lanjutan)                                   28. SHARE CAPITAL (continued)

  Berdasarkan akta No. 40 tanggal 16 Agustus 2012               Based on deed No. 40 dated August 16, 2012 of
  oleh Notaris Otty Hari Chandara Ubayani, S.H.,                Notary Otty Hari Chandara Ubayani, S.H., the
  modal dasar Perusahaan adalah Rp20.000.000 (nilai             Company’s authorized capital is Rp20,000,000 (full
  penuh) yang terbagi atas 20.000.000 saham masing-             amount) which consisted of 20,000,000 shares, each
  masing dengan nilai nominal Rp1.000.000 (nilai                with par value of Rp1,000,000 (full amount) per
  penuh) per saham.                                             share.

  Melalui Peraturan Pemerintah (“PP”) No. 130 Tahun             Based on the Government Regulation (“PP”) No. 130
  2015 tanggal 28 Desember 2015 dan Surat                       Year 2015 dated December 28, 2015 and Decree of
  Keputusan Menteri BUMN No. S-17/MBU/01/2016                   the        Minister       of         BUMN          No.
  tanggal 8 Januari 2016, Menteri BUMN menetapkan               S-17/MBU/01/2016 dated January 8, 2016, the
  penambahan Penyertaan Modal Negara Republik                   Minister of State-Owned Enterprise determined the
  Indonesia sebesar Rp2.000.000 dalam rangka                    increase in the State Equity Participation of the
  pembebasan lahan untuk pembangunan landasan                   Republic of Indonesia amounting to Rp2,000,000
  pacu (runway) 3 Bandar Udara Internasional                    related to the land acquisition for the construction of
  Soekarno-Hatta. Kenaikan modal saham tersebut                 runway 3 at Soekarno-Hatta International Airport.
  telah dicatat oleh Kementerian Hukum dan Hak Asasi            The increase in the capital stock has been
  Manusia melalui Surat No. AHU-AH.01.03-0027712                recognized by the Ministry of Law and Human Rights
  tanggal 1 Maret 2016 (Catatan 29).                            through Letter No. AHU-AH.01.03-0027712 dated
                                                                March 1, 2016 (Note 29).

  Berdasarkan Surat Menteri Badan Usaha Milik                   Based on Letter of State-Owned Enterprise Ministry
  Negara selaku Rapat Umum Pemegang Saham                       as Shareholder’s General Meeting dated February
  Perusahaan tanggal 28 Februari 2019 yang telah                28, 2019 which has been notarized by Maya
  diaktakan dengan Akta Notaris Maya Veronica, S.H.,            Veronica, S.H., M.Kn. in the notarial deed No. 21
  M.Kn No. 21 tanggal 26 Maret 2019, anggaran dasar             dated March 26, 2019, the Articles of Association of
  Perusahaan mengalami perubahan. Akta perubahan                the Company has been amended. This amendment
  anggaran dasar tersebut telah diberitahukan kepada            has been notified by and received by the Ministry of
  dan diterima oleh Kementerian Hukum dan Hak Asasi             Law and Human Rights Republic of Indonesia
  Manusia Republik Indonesia melalui Surat                      through    Notification    Receipt    Letter    No.
  Penerimaan            Pemberitahuan            No.            AHU-AH.01.03-0189035 on April 5, 2019.
  AHU-AH.01.03-0189035 pada tanggal 5 April 2019.

  Saham Perusahaan terbagi menjadi Saham Seri A                 The Company’s shares are divided into Seri A
  Dwiwarna dan Seri B. Modal Dasar Perusahaan                   Dwiwarna and Seri B. The Company’s authorized
  sebesar Rp63.886.608 terbagi menjadi sebagai                  capital of Rp63,886,608 divided into:
  berikut:
  a. 1 saham Seri A Dwiwarna dengan nilai nominal               a. 1 share Seri A Dwiwarna with par value of
      per saham sebesar Rp1.000.000 (nilai penuh).                 Rp1,000,000 (full amount) per share.
  b. 63.886.607 saham Seri B masing-masing dengan               b. 63,886,607 shares Seri B with par value of
      nominal sebesar Rp1.000.000 (nilai penuh) atau               Rp1,000,000 (full amount) per share or total
      seluruhnya dengan nilai nominal Rp63.886.607.                nominal value of shares amounting to
                                                                   Rp63,886,607.




                                                       167
Page 637
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


28. MODAL SAHAM (lanjutan)                                   28. SHARE CAPITAL (continued)

  Berdasarkan Akta Notaris Maya Veronica, S.H., M.Kn            Based on Maya Veronica, S.H., M.Kn. in the notarial
  No. 21 tanggal 26 Maret 2019 juga terdapat                    deed No. 21 dated March 26, 2019 also, there is an
  peningkatan modal ditempatkan dan disetor penuh               increase of the Company’s authorized capital from
  dari    Rp7.000.000      menjadi     Rp15.971.652.            Rp7,000,000 to Rp15,971,652. The increase of
  Peningkatan modal ditempatkan dan disetor penuh               issued and paid-up capital of Rp8,971,652 is derived
  sebesar Rp8.971.652 tersebut berasal dari:                    from:
  1. Konversi cadangan saldo laba sebesar                       1. Conversion of appropriated retained earnings
      Rp4.536.728.                                                  amounting to Rp4,536,728.
  2. Konversi cadangan sebesar Rp81.100 dan                     2. Conversion of capital reserve amounting to
      Penyertaan Modal Negara (PMN) sebesar                         Rp81,100 and State Equity Participation (PMN)
      Rp4.353.824 yang seluruhnya dicatat pada akun                 amounting to Rp4,353,824 which were recorded
      Modal Disetor Lainnya (Catatan 29).                           in Other Paid-in Capital account (Note 29).

  Total modal ditempatkan dan disetor yang diambil              Total issued and paid-up capital that is held by
  penuh oleh Negara Republik Indonesia adalah                   Republic of Indonesia amounting to Rp15,971,652,
  sebesar Rp15.971.652, dan terbagi atas:                       are divided into:
  a. 1 saham Seri A Dwiwarna dengan nilai nominal               a. 1 share Seri A Dwiwarna with par value of Rp1
     per saham sebesar Rp1.                                        per share.
  b. 15.971.651 saham Seri B masing-masing dengan               b. 15,971,651 shares Seri B with par value of Rp1
     nilai nominal per saham sebesar Rp1 atau                      per share or total nominal value of shares
     seluruhnya dengan nilai nominal Rp15.971.651.                 amounting to Rp15,971,651.

  Berdasarkan PP No. 104 Tahun 2021 tanggal                     Based on PP No. 104 Year 2021 dated October 6,
  6 Oktober 2021 tentang Penambahan Penyertaan                  2021 regarding Additional State Equity Participation
  Modal Negara Republik Indonesia ke dalam Modal                of the Republic of Indonesia to Perusahaan
  Saham Perusahaan Perseroan (Persero) PT Aviasi                Perseroan (Persero) PT Aviasi Pariwisata Indonesia,
  Pariwisata Indonesia, seluruh saham Seri B milik              all B series shares of the Company owned by the
  Negara Republik Indonesia pada Perusahaan                     State Republic of Indonesia of 15,971,651 shares
  sebanyak 15.971.651 saham dialihkan ke PT Aviasi              were transferred to PT Aviasi Pariwisata Indonesia
  Pariwisata Indonesia (Persero). Pengalihan saham              (Persero). Such transfer change the status of
  tersebut    menyebabkan      status   Perusahaan              Perusahaan Perseroan (Persero) PT Angkasa Pura
  Perseroan (Persero) PT Angkasa Pura II berubah                II into Limited Liability Company.
  menjadi Perseroan Terbatas.

  Berdasarkan Akta Notaris Jimmy Tanal, S.H., M.Kn.             Based on Jimmy Tanal, S.H., M.Kn. in the notarial
  No 17 tanggal 2 Februari 2024 terdapat pemindahan             deed No. 17 dated February 2, 2024, there has been
  hak atas saham seri B milik Injourney kepada TWB              a transfer of rights over the Series B shares owned
  sebesar Rp7.826.109. Sehingga anggaran dasar                  by Injourney to TWB amounting to Rp7,826,109.
  Perusahaan mengalami perubahan menjadi sebagai                Therefore, the Articles of Association of the Company
  berikut:                                                      has been amended as follows:
  a. Milik Negara Republik Indonesia menjadi 1                  a. The ownership of the Republic of Indonesia is
      lembar saham Seri A dengan nilai nominal per                  consists of 1 share of Series A with a nominal
      saham sebesar Rp1.                                            value of Rp1 per share.
  b. Milik Injourney menjadi 8.145.542 lembar saham             b. The ownership of Injourney is consists of
      Seri B dengan nilai nominal per saham sebesar                 8,145,542 shares of Series B with a nominal
      Rp1 atau seluruhnya dengan nilai nominal                      value of Rp1 per share, or a total nominal value
      Rp8.145.542.                                                  of Rp8,145,542.
  c. Milik TWB menjadi 7.826.109 lembar saham Seri              c. The ownership of TWB is consists of 7,826,109
      B dengan nilai nominal per saham sebesar Rp1                  shares of Series B with a nominal value of Rp1
      atau    seluruhnya    dengan    nilai nominal                 per share, or a total nominal value of
      Rp7.826.109.                                                  Rp7,826,109.




                                                       168
Page 638
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


28. MODAL SAHAM (lanjutan)                                     28. SHARE CAPITAL (continued)

  Berdasarkan Akta Notaris I Ketut R. Herawan, S.H.,              Based on I Ketut R. Herawan, S.H., M.Kn., in the
  M.Kn., No 52 tanggal 29 April 2024, terdapat                    notarial deed No. 52 dated April 29, 2024, there has
  penambahan penyertaan modal milik PT Aviasi                     been an additional capital contribution from PT
  Pariwisata Indonesia sebesar Rp798.818 dan                      Aviasi Pariwisata Indonesia amounting to
  sebesar Rp451.000 (nilai penuh) yang berasal dari               Rp798,818 and Rp451,000 (full amount) originating
  kapitalisasi Cadangan Perusahaan (dahulu AP2).                  from the capitalization of the Company's (formerly
  Sehingga, anggaran dasar Perusahaan (dahulu AP2)                AP2) Reserves. As a result, the Company’s (formerly
  mengalami perubahan menjadi sebagai berikut:                    AP2) Articles of Association have been amended as
                                                                  follows:
  a. Milik Negara Republik Indonesia menjadi 1                    a. The ownership of the Republic of Indonesia is
     lembar saham Seri A dengan nilai nominal per                     consists of 1 share of Series A with a nominal
     saham sebesar Rp1.                                               value of Rp1 per share.
  b. Milik Injourney menjadi 8.944.361 lembar saham               b. The ownership of Injourney is consists of
     Seri B dengan nilai nominal per saham sebesar                    8,944,361 shares of Series B with a nominal
     Rp1 atau seluruhnya dengan nilai nominal                         value of Rp1 per share, or a total nominal value
     Rp8.944.361.                                                     of Rp8,944,361.
  c. Milik TWB menjadi 7.826.109 lembar saham Seri                c. The ownership of TWB is consists of 7,826,109
     B dengan nilai nominal per saham sebesar Rp1                     shares of Series B with a nominal value of Rp1
     atau     seluruhnya   dengan     nilai  nominal                  per share, or a total nominal value of
     Rp7.826.109.                                                     Rp7,826,109.
  d. Kapitalisasi cadangan Perusahaan (dahulu AP2)                d. The capitalization of the Company’s (formerly
     sebesar Rp451.000 (nilai penuh).                                  AP2) Reserves amounting to Rp451,000 (full
                                                                       amount).

  Berdasarkan Akta Notaris Nanda Fauz Iwan, S.H.,                 Based on the Notarial Deed of Nanda Fauz Iwan,
  M.Kn., No. 15 tanggal 7 September 2024 Perusahaan               S.H., M.Kn., No. 15 dated September 7, 2024, the
  menyetujui      aksi   korporasi    dalam     rangka            Company has approved a corporate action for the
  penggabungan PT Angkasa Pura I dan Perusahaan.                  merger between PT Angkasa Pura I and the
  Aksi korporasi tersebut telah disetujui oleh                    Company. This corporate action has been approved
  Kementerian Hukum dan Hak Asasi Manusia melalui                 by the Ministry of Law and Human Rights through
  surat keputusan No. AHU-0056929.AH.01.02 tanggal                Decree     No.    AHU-0056929.AH.01.02        dated
  9 September 2024 (Catatan 1e). Sehingga, anggaran               September 9, 2024 (Note 1e). As a result, the
  dasar Perusahaan mengalami perubahan menjadi                    Company’s Articles of Association have been
  sebagai berikut:                                                amended as follows:
  a. Milik Negara Republik Indonesia menjadi 2                    a. The ownership of the Republic of Indonesia is
      lembar saham Seri A dengan nilai nominal per                   consists of 2 share of Series A with a nominal
      saham sebesar Rp1 atau seluruhnya dengan nilai                 value of Rp1 per share or a total nominal value
      nominal Rp2.                                                   of Rp2.
   b. Milik Injourney menjadi 13.269.560 lembar saham             b. The ownership of Injourney is consists of
      Seri B dengan nilai nominal per saham sebesar                  13,269,560 shares of Series B with a nominal
      Rp1 atau seluruhnya dengan nilai nominal                       value of Rp1 per share, or a total nominal value
      Rp13.269.560.                                                  of Rp13,269,560.
   c. Milik TWB menjadi 11.981.691 lembar saham                   c. The ownership of TWB is consists of 11,981,691
      Seri B dengan nilai nominal per saham sebesar                  shares of Series B with a nominal value of Rp1
      Rp1 atau seluruhnya dengan nilai nominal                       per share, or a total nominal value of
      Rp11.981.691.                                                  Rp11,981,691.




                                                         169
Page 639
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


28. MODAL SAHAM (lanjutan)                                    28. SHARE CAPITAL (continued)

  Berdasarkan Akta Notaris Nanda Fauz Iwan, S.H.,                Based on the Deed of Notary Nanda Fauz Iwan,
  M.Kn., No. 6 tanggal 12 Desember 2024, TWB telah               S.H., M.Kn., No. 6 dated December 12, 2024, TWB
  mengalihkan seluruh Saham Seri B Perseroan                     transferred all of the Company’s Series B Shares to
  kepada Injourney. Pengalihan tersebut telah                    Injourney. This share transfer has been approved by
  memperoleh persetujuan dari Kementerian Hukum                  the Ministry of Law and Human Rights through
  dan     Hak     Asasi   Manusia     melalui   Surat            Decision Letters No. AHU-AH.01.03-0221033 and
  Keputusan No. AHU-AH.01.03-0221033 dan                         No. AHU-AH.01.09-0287543, both dated December
  No.     AHU-AH.01.09-0287543,        masing-masing             12, 2024. As a result of this transfer, the Company’s
  tertanggal 12 Desember 2024. Sehubungan dengan                 Articles of Association were amended, which
  pengalihan tersebut, anggaran dasar Perseroan                  subsequently became as follows:
  mengalami perubahan, yang selanjutnya menjadi
  sebagai berikut:
  a. Milik Negara Republik Indonesia menjadi 2                   a. The ownership of the Republic of Indonesia is
      lembar saham Seri A dengan nilai nominal per                  consists of 2 shares of Series A with a nominal
      saham sebesar Rp1 atau seluruhnya dengan nilai                value of Rp1 per share or a total nominal value of
      nominal Rp2;                                                  Rp2;
  b. Milik Injourney menjadi 25.251.251 lembar saham             b. The ownership of Injourney is consists of
      Seri B dengan nilai nominal per saham sebesar                 25,251,251 shares of Series B with a nominal
      Rp1 atau seluruhnya dengan nilai nominal                      value of Rp1 per share, or a total nominal value
      Rp25.251.251.                                                 of Rp25,251,251.

  Ekuitas yang dapat diatribusikan kepada pemilik                The equity attributable to the equity holder of the
  entitas induk merupakan modal yang dikelola oleh               parent company is the capital managed by the
  Kelompok Usaha. Tujuan utama pengelolaan modal                 Group. The primary objective of the Group’s capital
  Kelompok Usaha adalah untuk memastikan                         management is to ensure that it maintains healthy
  pemeliharaan rasio modal yang sehat untuk                      capital ratios in order to support its business and
  mendukung usaha dan memaksimalkan nilai                        maximize shareholder value.
  pemegang saham.

  Manajemen Modal                                                Capital Management

  Kelompok Usaha mengelola struktur permodalan dan               The Group manages its capital structure and makes
  melakukan penyesuaian berdasarkan perubahan                    adjustments based on changes in economic
  kondisi ekonomi.                                               conditions.

  Selain itu, Undang-undang Perseroan Terbatas                   Additionally, Corporation Law No. 1/1995 on limited
  Republik Indonesia No. 1/1995 yang diterbitkan pada            liability companies of the Republic of Indonesia
  Maret 1995 dan telah diubah dengan Undang-                     published in March 1995 and amended by Law No.
  undang No. 40/2007 yang diterbitkan Agustus 2007,              40/2007 issued in August 2007 requires the
  mensyaratkan pembentukan cadangan umum dari                    establishment of general reserve from net income
  laba bersih sejumlah minimal 20% dari modal                    amounting to at least 20% of a company's issued
  ditempatkan dan disetor perusahaan. Tidak ada                  and paid-up capital. There is no time limit on the
  batasan waktu untuk membentuk cadangan tersebut.               establishment of the reserve.




                                                        170
Page 640
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


29. MODAL DISETOR LAINNYA                                      29. OTHER PAID-IN CAPITAL

  Modal disetor lainnya terdiri dari:                              The other paid-in capital consists of:

                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

   Cadangan modal                                 177.103               177.103                               Capital reserves
   PP No. 26 Tahun 1994                            83.308                83.308                        PP No. 26 Year 1994
   PP No. 10 Tahun 1998                            91.150                91.150                        PP No. 10 Year 1998
   Digunakan sebagai setoran modal                                                                      Used as initial capital
      tahun 1998                                 (351.562)             (351.562)                         stock year 1998
   Cadangan modal tahun 1998                       81.100                81.100                    Capital reserve year 1998
   PP No. 53 Tahun 2013                           303.401               303.401                        PP No. 53 Year 2013
   PP No. 130 Tahun 2015                        2.000.000             2.000.000                       PP No. 130 Year 2015
   Digunakan sebagai setoran modal                                                                      Used as initial capital
      tahun 2016                               (2.000.000)           (2.000.000)                         stock year 2016
   PP No. 69 Tahun 2016                         2.000.000             2.000.000                        PP No. 69 Year 2016
   PP No. 53 Tahun 2016                           121.989               121.989                        PP No. 53 Year 2016
   PP No. 25 Tahun 2016                           255.097               255.097                        PP No. 25 Year 2016
   PP No. 46 Tahun 2018                          (232.134)             (232.134)                       PP No. 46 Year 2018
   Digunakan sebagai setoran modal                                                                      Used as initial capital
      tahun 2017:                                                                                       stock year 2017:
      PP No. 16 Tahun 2017                      2.245.623             2.245.623                     PP No. 16 Year 2017
   Digunakan sebagai pengurangan                                                                          Used as deduction
      modal Negara yang                                                                                    in State Equity
      dialihkan ke Perum LPPNPI:                                                                  transferred to LPPNPI:
      PP No. 46 Tahun 2018                       (317.188)             (317.188)                    PP No. 46 Year 2018
   Konversi menjadi modal saham                                                                   Conversion to capital stock
      (Catatan 28)                             (4.434.924)           (4.434.924)                                (Note 28)
   Cadangan modal                                                                                             Capital reserves
   PP No. 38 Tahun 2020                           881.023               881.023                        PP No. 38 Year 2020
   PP No. 57 Tahun 2023                           798.818               798.818                        PP No. 57 Year 2023
   Konversi menjadi modal saham                                                                   Conversion to capital stock
      (Catatan 28)                               (798.818)             (798.818)                                (Note 28)
   Jumlah                                         903.986               903.986                                          Total


  Melalui Peraturan Pemerintah (“PP”) No. 130 Tahun                Based on the Government Regulation (“PP”) No. 130
  2015 tanggal 28 Desember 2015, Menteri BUMN                      Year 2015 dated December 28, 2015, the Minister of
  menetapkan penambahan penyertaan modal Negara                    BUMN determined the increase in the state equity
  Republik Indonesia sebesar Rp2.000.000 dalam                     participation of the Republic of Indonesia amounting
  rangka pembebasan lahan untuk pembangunan                        to Rp2,000,000 related to the land acquisition for the
  landasan pacu        (runway) 3 Bandar Udara                     construction of runway 3 at Soekarno-Hatta
  Internasional     Soekarno-Hatta      yang     per               International Airport which was recorded as part of
  31 Desember 2015 dicatat sebagai Modal Disetor                   Other Paid-In Capital as of December 31, 2015, and
  Lainnya dan direklasifikasi sebagai Modal Saham di               was reclassified to Capital Stock in 2016 after
  2016 setelah mendapatkan persetujuan dalam Surat                 receiving                                    approval
  Keputusan                Menteri            BUMN                 in    Decree      of   the    Minister   of    BUMN
  No. S-17/MBU/01/2016 tanggal 8 Januari 2016.                     No. S-17/MBU/01/2016 dated January 8, 2016 .

  Berdasarkan Peraturan Pemerintah (“PP”) No. 69                   Based on the Government Regulation (“PP”) No. 69
  Tahun 2016 tanggal 29 Desember 2016, Perusahaan                  Year 2016 dated December 29, 2016, the Company
  menerima tambahan penyertaan modal negara                        received additional state equity participation of the
  Republik Indonesia sebesar Rp2.000.000 dalam                     Republic of Indonesia amounting to Rp2,000,000 in
  rangka    pembebasan lahan        terkait dengan                 relation with the land acquisition related to the
  pembangunan landasan pacu (runway) 3 Bandar                      construction of runway 3 at Soekarno-Hatta
  Udara Internasional Soekarno-Hatta.                              International Airport.




                                                        171
Page 641
                                                             The original consolidated financial statements included herein
                                                                                               are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                     PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


29. MODAL DISETOR LAINNYA (lanjutan)                        29. OTHER PAID-IN CAPITAL (continued)

  Berdasarkan Peraturan Pemerintah (“PP”) No. 53               Based on the Government Regulation (“PP”) No. 53
  Tahun 2016 tanggal 17 November 2016, Perusahaan              Year 2016 dated November 17, 2016, the Company
  menerima tambahan penyertaan modal Negara                    received additional state equity participation from the
  Republik Indonesia sebesar Rp121.989 yang berasal            Republic of Indonesia amounting to Rp121,989
  dari pengalihan Barang Milik Negara pada                     resulting from the transfer of Government’s Assets
  Kementerian Perhubungan yang pengadaannya                    under the Ministry of Transportation from the
  berasal dari Anggaran Pendapatan dan Belanja                 Indonesian State Budget Year 2008, 2009, 2010,
  Negara Tahun Anggaran 2008, 2009, 2010, 2011 dan             2011 and 2012 which has been previously
  2012 yang sebelumnya telah dicatat sebagai bagian            recognized as part of Government Contribution with
  dari Bantuan Pemerintah yang Belum Ditentukan                Undetermined Status under Other Components of
  Statusnya dalam Komponen Ekuitas Lainnya.                    Equity.

  Penambahan penyertaan pada tahun 2016 sebesar                Additional investment in 2016 amounted to
  Rp255.097 adalah penambahan Penyertaan Modal                 Rp255,097 is the addition of the State Capital
  Negara yang berasal dari Bantuan Pemerintah Yang             Participation derived from “Bantuan Pemerintah
  Belum Ditentukan Statusnya (BPYBDS) sesuai                   Yang Belum Ditentukan Statusnya” (BPYBDS) as the
  Peraturan Pemerintah No. 25 Tahun 2016 tanggal 27            Government Regulation No. 25 of 2016 dated June
  Juni 2016.                                                   27, 2016.

  Berdasarkan Peraturan Pemerintah (“PP”) No. 46               Based on the Government Regulation (“PP”) No. 46
  Tahun 2018 tanggal 27 September 2018,                        of 2018 dated September 27, 2018, the Company
  Perusahaan menerima pengurangan Penyertaan                   received deduction in state equity participation from
  Modal Negara (PMN) Republik Indonesia dengan                 the Republic of Indonesia amounting to Rp232,134 to
  nilai buku sebesar Rp232.134 untuk dijadikan                 be made into addition of capital investment to
  penambahan Penyertaan Modal Negara (PMN)                     LPPNPI.
  Republik Indonesia kedalam modal Perusahaan
  Umum LPPNPI.

  Berdasarkan Peraturan Pemerintah (“PP”) No. 16               Based on the Government Regulation (“PP”) No. 16
  Tahun 2017 tanggal 20 April 2017, Perusahaan                 Year 2017 dated April 20, 2017, the Company
  menerima tambahan penyertaan modal Negara                    received additional capital investment from the
  Republik Indonesia sebesar Rp2.245.623 yang                  Republic of Indonesia amounting to Rp2,245,623
  berasal dari pengalihan Barang Milik Negara pada             resulting from the transfer of Government’s Assets
  Kementerian Perhubungan yang pengadaannya                    under the Ministry of Transportation from the
  berasal dari Anggaran Pendapatan dan Belanja                 Indonesian State Budget Year 2007, 2008, 2009,
  Negara Tahun Anggaran 2007, 2008, 2009, 2010,                2010, 2011 and 2012 which has been previously
  2011 dan 2012 yang sebelumnya telah dicatat                  recognized as part of Government Contribution with
  sebagai bagian dari Bantuan Pemerintah yang Belum            Undetermined Status under Other Components of
  Ditentukan Statusnya dalam Komponen Ekuitas                  Equity.
  Lainnya.

  Berdasarkan Peraturan Pemerintah (“PP”) No. 46               Based on the Government Regulation (“PP”) No. 46
  Tahun 2018 tanggal 27 September 2018,                        Year 2018 dated September 27, 2018, the Company
  Perusahaan menerima pengurangan Penyertaan                   received deduction in state equity participation from
  Modal Negara (PMN) Republik Indonesia dengan                 the Republic of Indonesia amounting to Rp317,188 to
  nilai buku sebesar Rp317.188 untuk dijadikan                 be made into addition of capital investment to
  penambahan Penyertaan Modal Negara (PMN)                     LPPNPI.
  Republik Indonesia kedalam modal Perusahaan
  Umum LPPNPI.




                                                      172
Page 642
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


29. MODAL DISETOR LAINNYA (lanjutan)                            29. OTHER PAID-IN CAPITAL (continued)

  Berdasarkan Peraturan Pemerintah (“PP”) No. 38                   Based on the Government Regulation (“PP”) No. 38
  Tahun 2020 tanggal 16 Juli 2020, Perusahaan                      Year 2020 dated July 16, 2020, the Company
  menerima tambahan penyertaan modal Negara                        received additional state equity participation from the
  Republik Indonesia sebesar Rp881.023 yang berasal                Republic of Indonesia amounting to Rp881,023
  dari pengalihan Barang Milik Negara pada                         resulting from the transfer of Government’s Assets
  Kementerian Perhubungan yang pengadaanya                         under the Ministry of Transportation from the
  berasal dari Anggaran Pendapatan dan Belanja                     Indonesian State Budget Year 1998, 1999, 2001,
  Negara Tahun Anggaran 1998, 1999, 2001, 2003,                    2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010,
  2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011,                  2011, 2012, 2013, and 2017 which previously
  2012, 2013, dan 2017 yang sebelumnya telah dicatat               recognized as part of Government Contribution with
  sebagai bagian dari Bantuan Pemerintah yang Belum                Undetermined Status under Other Components of
  Ditentukan Statusnya (BPYDPS) dalam Komponen                     Equity. The addition capital investment is recorded as
  Ekuitas Lainnya. Tambahan penyertaan tersebut                    additional paid in capital.
  dicatat sebagai modal disetor lainnya.

  Berdasarkan Peraturan Pemerintah (“PP”) No. 57                   Based on Government Regulation ("PP") No. 57 of
  Tahun 2023 tanggal 27 Desember 2023 tentang                      2023 dated December 27, 2023 concerning the
  Penambahan Penyertaan Modal Negara Republik                      Addition of State Equity Participation of the Republic
  Indonesia ke Dalam Modal Saham Perusahaan                        of Indonesia into the Share Capital of the Company
  Perseroan (Persero) PT Aviasi Pariwisata Indonesia               (Persero)     PT    Aviasi    Pariwisata     Indonesia
  (“Injourney”) untuk selanjutnya diteruskan seluruhnya            ("Injourney"), henceforth forwarded in its entirety into
  menjadi penambahan penyertaan modal Injourney ke                 additional equity participation of Injourney into the
  dalam modal saham Perusahaan, Presiden Republik                  Company's share capital, the President of the
  Indonesia menetapkan penambahan penyertaan                       Republic of Indonesia stipulated the additional state
  modal Negara Republik Indonesia ke Injourney                     equity participation of the Republic of Indonesia into
  sebesar Rp798.818 yang berasal dari pengalihan                   Injourney amounting to Rp798,818 derived from the
  Barang     Milik     Negara     pada     Kementerian             transfer of State Property at the Ministry of
  Perhubungan di Bandar Udara Kertajati Jawa Barat                 Transportation at Kertajati Airport, West Java and
  dan bersumber dari Anggaran Pendapatan dan                       sourced from the State Budget for Fiscal Years 2014,
  Belanja Negara Tahun Anggaran 2014, 2015, dan                    2015, and 2017.
  2017.

  Pada tanggal 29 Desember 2023, telah dilakukan                   On December 29, 2023, the assets were handed over
  serah terima aset tersebut dari Injourney kepada                 from Injourney to the Company through the Report of
  Perusahaan melalui Berita Acara Serah Terima Aset                Asset Handover No. BA.1899 Year 2023,
  No.         BA.1899          Tahun          2023,                BAC.INJ.06.05/23/12/2023/A.0581,              and
  BAC.INJ.06.05/23/12/2023/A.0581,              dan                BAC.INJ.06.02.02/00/12/2023/7443.
  BAC.INJ.06.02.02/00/12/2023/7443.

30. DIVIDEN DAN SALDO LABA DICADANGKAN                          30. DIVIDENDS AND APPROPRIATED RETAINED
                                                                    EARNINGS

  Berdasarkan Risalah Rapat Umum Pemegang                          Based on the ks of the General Meeting of
  Saham (RUPS) No. RPP.DU.0115/RT.01/2025                          Shareholders (GMS) No. RPP.DU.0115/RT.01/2025
  tanggal 20 Juni 2025, pemegang saham Perusahaan                  dated June 20, 2025, the Company’s shareholders
  setuju membagikan dividen tahun buku 2024 sebesar                approved the distribution of dividends for the 2024
  Rp855.897. Perusahaan telah membayarkan dividen                  financial year amounting to Rp855,897. The
  kepada Injourney sebesar Rp855.897 pada tanggal                  Company has paid the dividend to Injourney in the
  10 Juli 2025.                                                    amount of Rp855,897 on July 10, 2025.




                                                          173
Page 643
                                                                    The original consolidated financial statements included herein
                                                                                                      are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                            PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


30. DIVIDEN DAN SALDO LABA DICADANGKAN                            30. DIVIDENDS AND APPROPRIATED RETAINED
    (lanjutan)                                                        EARNINGS (continued)

  Berdasarkan Keputusan Rapat Umum Pemegang                           Based on the Resolution of the General Meeting of
  Saham (“RUPS”) PT Angkasa Pura II tanggal 19 Juni                   Shareholders (“RUPS”) of PT Angkasa Pura II dated
  2024 tentang Persetujuan Laporan Tahunan dan                        June 19, 2024, regarding the Approval of the Annual
  Pengesahan Atas Laporan Keuangan Tahun 2023                         Report and Ratification of the Financial Statements
  ditetapkan penggunaan Laba Bersih PT Angkasa                        for the Year 2023, it was decided that the Net Profit
  Pura II Tahun 2023 untuk Dividen sebesar                            of PT Angkasa Pura II for the Year 2023 would be
  Rp1.200.000 melalui Dividen Interim sebesar                         allocated for Dividends amounting to Rp1,200,000
  Rp350.000, sehingga masih terdapat Dividen Tahun                    through an Interim Dividend of Rp350,000, leaving a
  Buku 2023 yang masih harus disetorkan sebesar                       remaining Dividend for the Fiscal Year 2023 that still
  Rp850.000.                                                          needs to be paid amounting to Rp850,000.

  Perusahaan (dahulu AP2) telah membayarkan sisa                      The Company (formerly AP2) has paid the remaining
  dividen yang masih harus disetorkan sebesar                         dividend that is still due, amounting to
  Rp850.000.000.000 (nilai penuh) kepada Injourney,                   Rp850,000,000,000 (full amount) to Injourney, TWB,
  TWB, dan Negara Republik Indonesia masing-                          and the Republic of Indonesia, with each receiving
  masing        sebesar          Rp453.338.898.472,                   Rp453,338,898,472,      Rp396,661,050,844,     dan
  Rp396.661.050.844, dan Rp50.684 (nilai penuh)                       Rp50,684 (full amount), on June 24, 2024, June 28,
  pada tanggal 24 Juni 2024, 28 Juni 2024, dan 4 Juli                 2024, and July 4, 2024, respectively.
  2024.

  Berdasarkan Risalah Rapat Umum Pemegang                             Based on the Minutes of the General Meeting of
  Saham (RUPS) No. AP.I.3688/RT.01/2024/DU-B                          Shareholders (GMS) No. AP.I.3688/RT.01/2024/DU-
  tanggal 20 Juni 2024, pemegang saham Perusahaan                     B dated June 20, 2024, the Company's (formerly
  (dahulu AP1) menetapkan penggunaan laba bersih                      AP1) shareholders determined the use of
  konsolidasian yang diatribusikan kepada pemilik                     consolidated net profit attributable to owners of the
  entitas induk tahun buku 2023 sebesar Rp922.231                     parent entity for the 2023 financial year of Rp922,231
  sebagai dicadangkan untuk mendukung kegiatan                        as appropriated retained earnings to support the
  operasional dan pengembangan usaha Perseroan.                       Company's operational activities and business
                                                                      development.

31. KOMPONEN EKUITAS LAINNYA                                      31. OTHER EQUITY COMPONENTS

  Komponen ekuitas lainnya terdiri dari:                              Other equity component consists of:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

    Modal Pemerintah yang dialihkan                                                                  Government’s investment
      ke Perum LPPNPI                               (328.749)             (328.749)                  transferred to LPPNPI
    Reklasifikasi sebagai pengurangan                                                              Reclassification of deduction
      PMN:                                                                                            in capital investment:
      PP No 46 Tahun 2018                            317.188               317.188                     PP No 46 Year 2018

    Subjumlah                                        (11.561)              (11.561)                                    Subtotal

    Nilai buku aset tetap kenavigasian               (37.005)              (37.005)        Book value of navigation fixed assets
    Akumulasi penyusutan                                                                         Accumulated depreciations of
       aset tetap kenavigasian                       408.394               408.394                  navigation fixed assets

    Subjumlah                                        371.389               371.389                                     Subtotal

    Jumlah                                           359.828               359.828                                        Total




                                                           174
Page 644
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


31. KOMPONEN EKUITAS LAINNYA (lanjutan)                         31. OTHER EQUITY COMPONENTS (continued)

  Modal Pemerintah yang dialihkan ke LPPNPI                        Government equity transferred to LPPNPI represents
  merupakan pengurangan penyertaan modal Negara                    deduction of investment amount of the Republic of
  Republik Indonesia pada Perusahaan (dahulu AP2)                  Indonesia in the Company (formerly AP2) in relation
  sehubungan dengan surat dari Menteri BUMN No.                    to the letter from the Ministry of BUMN No. S-
  S-48/MBU/2014 tanggal 3 Februari 2014 tentang                    48/MBU/2014 dated February 3, 2014 regarding the
  persetujuan pengalihan aset tetap kenavigasian                   approval of fixed assets transfer to LPPNPI with the
  Perusahaan (dahulu AP2) kepada LPPNPI dengan                     book value of Rp337,630.
  nilai buku sebesar Rp337.630.

  Dari nilai buku sebesar Rp337.630 terdapat nilai buku            From the book value of Rp337,630, the book value
  sebesar Rp8.881 yang diambil kembali oleh DJPU.                  amounting to Rp8,881 was taken back by DJPU.


  Berdasarkan Peraturan Pemerintah (“PP”) No. 46                   Based on the Government Regulation (“PP”) No. 46
  Tahun 2018 tanggal 27 September 2018, Modal                      Year 2018 dated September 27, 2018, Government
  Pemerintah yang dialihkan ke LPPNPI dijadikan                    equity transferred to LPPNPI was made into
  pengurangan PMN Republik Indonesia untuk                         deduction in capital investment from the Republic of
  dijadikan penambahan PMN Republik Indonesia                      Indonesia to be made into addition of capital
  kedalam modal Perum LPPNPI dengan nilai buku                     investment to LPPNPI with book value amounting
  sebesar Rp317.188 (Catatan 29).                                  Rp317,188 (Note 29).

  Perusahaan (dahulu AP1)                                          The Company (formerly AP1)

  Pengurangan modal Pemerintah melalui pengalihan                  Deduction of Government capital by transfer of
  aset kenavigasian ke LPPNPI berdasarkan surat dari               navigation fixed assets to LPPNPI based on a letter
  Menteri     BUMN     No.S-46/MBU/2014       tanggal              from the Minister of BUMN No.S-46/MBU/2014 dated
  30 Januari 2014 tentang persetujuan pengalihan aset              January 30, 2014 regarding the approval of the
  tetap kenavigasian kepada Perum LPPNPI dengan                    transfer of navigation fixed assets to Perum LPPNPI
  nilai buku sebesar Rp270.832.                                    with the book value of Rp270,832.

  Pengaruh atas pengalihan aset tetap kenavigasian                 The effect of the transfer of fixed assets to the Perum
  kepada Perum LPPNPI, sebagai berikut:                            LPPNPI as follows:
  a. Aset tetap kenavigasian yang telah dijadikan                  a. Navigation fixed assets that have been used as
     PMN pada Perusahaan (dahulu AP1) diserahkan                      PMN in the Company (formerly AP1) are handed
     kembali sebesar nilai bukunya yaitu Rp270.832,                   back at book value of Rp270,832, in accordance
     sesuai dengan surat Perusahaan Perusahaan                        with     the      Company’s       (formerly     AP1)
     (dahulu AP1) No.AP.1.6724/PL.07/2013/PD-B                        letter No.AP.1.6724/PL.07/2013/PD-B dated
     tanggal 28 November 2013 perihal revisi usulan                   November 28, 2013 regarding the proposed
     pengalihan aset tetap kenavigasian kepada                        revisions to the transfer of navigation
     Perum LPPNPI, serta berdasarkan Berita Acara                     fixed assets to Perum LPPNPI, and based
     Perubahan         Nilai       Aset       yang                    on the Report of the Asset Value
     diserahterimakan No. BA.656/KU.21/2013/PD-B                      Change No. BA.656/KU.21/2013/PD-B dated
     tanggal 30 Desember 2013.                                        December 30, 2013.




                                                          175
Page 645
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


31. KOMPONEN EKUITAS LAINNYA (lanjutan)                        31. OTHER EQUITY COMPONENT (continued)

  Perusahaan (dahulu AP1) (lanjutan)                              The Company (formerly AP1) (continued)

  Pengaruh atas pengalihan aset tetap kenavigasian                The effect of the transfer of fixed assets to the Perum
  kepada Perum LPPNPI, sebagai berikut: (lanjutan)                LPPNPI as follows: (continued)
  b. BPYBDS berupa aset tetap kenavigasian yang                   b. BPYBDS in the form of navigation fixed assets
     diserahkan kembali kepada pemerintah adalah                     that are handed back to the govemment is at cost
     sebesar nilai perolehan Rp731.281 yang terdiri                  of Rp731,281 consisting of Juanda Airport in
     dari Bandara Juanda Surabaya sebesar                            Surabaya at Rp69,306, Hasanuddin Airport
     Rp69.306, Bandara Hasanuddin Makassar                           Makassar at Rp26,009, Adi Sutjipto Airport
     Rp26.009, Bandara Adi Sutjipto Yogyakarta                       Yogyakarta at Rp17,826, and MATSC Makassar
     Rp17.826, dan MATSC Makassar Rp635.948                          at Rp635,948 with accumulated depreciation of
     dengan     akumulasi      penyusutan    sebesar                 Rp408,394.
     Rp408.394.
  c. Penyesuaian atas aset kenavigasian yang                      c. Adjustment for transferred navigation assets is
     diserahkan adalah hasil rapat klarifikasi terkait               the result of a clarification meeting regarding
     daftar aset hasil penilaian Direktorat Jenderal                 assets assessment results list Directorate
     Kekayaan Negara yang diselenggarakan pada                       General of State Assets held on October 17,
     tanggal 17 Oktober 2014. Adapun aset yang                       2014. The assets corrected from the list
     dikoreksi dari daftar penyerahan adalah tanah di                submission are Surabaya Land amounting to
     Surabaya sebesar Rp94, tanah di Kupang Rp378,                   Rp94, land in Kupang amounting to Rp378, and
     dan MATSC Makassar sebesar Rp1.222.                             Makassar MATSC amounting to Rp1,222.

32. PENDAPATAN USAHA                                           32. OPERATING REVENUES

  a. Berdasarkan Jenis                                            a. By Type

                                         Tahun yang Berakhir pada Tanggal
                                                   31 Desember/
                                             Year Ended December 31,

                                              2025                2024

       Aeronautika                                                                                             Aeronautical
       Pelayanan jasa penumpang                                                                           Aircraft passenger
         pesawat udara                         9.356.505           9.436.112                                     services
       Pelayanan jasa pendaratan,                                                                            Aircraft landing,
         penempatan dan penyimpanan                                                                 parking and storage
         pesawat udara                         2.545.198           2.287.135                                      services
       Pelayanan aviobridge                      580.147             548.054                            Aviobridge services
       Pemakaian counter dan conveyor            540.875             509.326                Use of counters and conveyors
       Pelayanan jasa kargo dan                                                                              Cargo services
         pos pesawat udara                       391.618             357.743                 and aircraft postal services

       Jumlah pendapatan aeronautika          13.414.343          13.138.370                  Total aeronautical revenues




                                                         176
Page 646
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


32. PENDAPATAN USAHA (lanjutan)                             32. OPERATING REVENUES (continued)

  a. Berdasarkan Jenis (lanjutan)                               a. By Type (continued)

                                         Tahun yang Berakhir pada Tanggal
                                                   31 Desember/
                                             Year Ended December 31,

                                             2025               2024

       Nonaeronautika                                                                                  Non-aeronautical
       Pemakaian sarana                                                                         Use of non-aeronautical
         non-aeronautika                                                                                     facilities
         Parkir kendaraan                       769.563            697.129                             Vehicle parking
         Utilitas                               371.336            319.405                                     Utilities

       Subjumlah                              1.140.899          1.016.534                                       Subtotal

       Pendapatan sewa                                                                                Rentals revenues
         Sewa ruang                           1.299.279            985.800                                Space rental
         Sewa tanah                             361.357            321.292                                  Land rental
         Reklame                                178.014            184.968                         Advertising services
         Surcharge                               81.158             45.843                                   Surcharge
         Sewa pengelolaan bandara                18.039             14.548                  Airport management rental
         Sewa tempat                                480             20.786                               Facility rental
         Lain-lain                                2.875              2.723                                       Others

       Subjumlah                              1.941.202          1.575.960                                       Subtotal
       Pendapatan bagi hasil                  4.479.583          4.031.243                      Revenue sharing income
       Pergudangan & logistik                   112.129             85.513                       Warehousing & logistics
       Pas bandara                               13.661             12.692                                 Airport pass
       Event dan promosi                          7.762             19.061                         Event and promotion
       Jasa pemeliharaan dan perbaikan            6.000            150.192               Maintenance and repair services
       Hotel dan pemakaian                                                                                    Hotel and
          ruang tunggu                                -            344.230                             lounge usage
       Jasa lainnya                              98.201            117.220                               Other services

       Jumlah pendapatan                                                                         Total non-aeronautical
         nonaeronautika                       7.799.437          7.352.645                                  revenues

       Jumlah                                21.213.780         20.491.015                                          Total




                                                      177
Page 647
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


32. PENDAPATAN USAHA (lanjutan)                                 32. OPERATING REVENUES (continued)

  b. Berdasarkan Pelanggan                                          b. By Customers

                                             Tahun yang Berakhir pada Tanggal
                                                       31 Desember/
                                                 Year Ended December 31,

                                                 2025               2024

        Pendapatan Usaha                                                                             Operating Revenues
        Pihak berelasi (Catatan 41)               5.441.717          5.834.237                    Related parties (Note 41)

        Pihak ketiga                                                                                            Third parties
           PT Lion Mentari Airlines               1.519.955          1.532.436                   PT Lion Mentari Airlines
           PT Super Air Jet Indonesia             1.031.520          1.015.156                PT Super Air Jet Indonesia
           PT Batik Air Indonesia                   903.632          1.093.425                    PT Batik Air Indonesia
           PT AirAsia Indonesia Tbk.                741.069            521.539                 PT AirAsia Indonesia Tbk.
           PT Jasa Angkasa Semesta Tbk.             705.537            629.531           PT Jasa Angkasa Semesta Tbk.
           PT Dufrindo Internasional                645.758            580.420                 PT Dufrindo Internasional
           Singapore Airlines Ltd.                  625.028            472.723                    Singapore Airlines Ltd.
           AirAsia X Berhad                         425.327            647.779                           AirAsia X Berhad
           Jetstar Asia Airways Pte Ltd.            358.888            314.407              Jetstar Asia Airways Pte Ltd.
           Malindo Airways Sdn Bhd.                 321.616            198.513                Malindo Airways Sdn Bhd.
           PT Sanggraha Daksamitra                  264.455             43.468                PT Sanggraha Daksamitra
           Cathay Pacific Airways Ltd.              250.182            196.973               Cathay Pacific Airways Ltd.
           Scoot Tigerair Pte Ltd.                  249.805            196.840                    Scoot Tigerair Pte Ltd.
           Qatar Airways Company                    243.167            262.212                  Qatar Airways Company
           Saudi Arabian Airways                    235.565            225.534                    Saudi Arabian Airways
           The Emirates Group                       232.932            232.728                       The Emirates Group
           PT Transnusa Aviation Mandiri            225.847            210.881            PT Transnusa Aviation Mandiri
           PT Securindo Packatama                                                              PT Securindo Packatama
               Indonesia                            203.555            142.299                                Indonesia
           Malaysia Airlines Berhad                 170.820            153.732                  Malaysia Airlines Berhad
           PT Centerpark Citra Corpora              143.131            110.395              PT Centerpark Citra Corpora
           PT Pixel Komunitas                       127.518            137.055                        PT Pixel Komunitas
           Thai Airways International               122.438            107.053                 Thai Airways International
           PT Dewata Agung Wibawa                   122.348            116.252                PT Dewata Agung Wibawa
           PT Etihad Airways                        117.857             77.145                         PT Etihad Airways
           China Southern Airlines                  117.378             90.472                   China Southern Airlines
           PT Sriwijaya Air                         111.627             66.746                            PT Sriwijaya Air
           PT Inti Dufree Promosindo                110.930             95.930                PT Inti Dufree Promosindo
           PT Taurus Gemilang                       110.624             85.941                      PT Taurus Gemilang
           Korean Air Lines Co., Ltd.               106.168             97.200                 Korean Air Lines Co., Ltd.
           PT Karya Prima Unggulan                  104.907             88.323                 PT Karya Prima Unggulan
           PT Autogrill Services Indonesia          103.714             90.718            PT Autogrill Services Indonesia
           BUT All Nipon Airways Co Ltd.            100.540             88.923            BUT All Nipon Airways Co Ltd.
           Vietjet Aviation JSC                      98.660             88.081                        Vietjet Aviation JSC
           Turkish Airlines Inc                      96.227             86.506                         Turkish Airlines Inc
           Qantas Airways Ltd.                       95.037             85.536                       Qantas Airways Ltd.
           PT Wings Abadi Airlines                   94.529             76.215                   PT Wings Abadi Airlines
           China Airlines Ltd.                       94.016             78.409                          China Airlines Ltd.
           Cebu Pacific Air Inc.                     31.395            102.409                       Cebu Pacific Air Inc.
           Lain-lain (dibawah Rp80 miliar)        4.408.361          4.216.873               Others (below Rp80 billion)

        Subjumlah pihak ketiga                   15.772.063         14.656.778                    Subtotal of third parties
        Jumlah pendapatan usaha                  21.213.780         20.491.015                  Total operating revenues


   Pada tanggal 31 Desember 2025 dan 2024, tidak                    On December 31, 2025 and 2024, there are no
   terdapat pelanggan dengan nilai pendapatan                       customers which represent more than 10% of the
   melebihi 10% dari jumlah pendapatan.                             total revenues.




                                                          178
Page 648
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


33. BEBAN PEGAWAI                                             33. EMPLOYEE EXPENSES

  Rincian beban pegawai adalah sebagai berikut:                  The details of employee expenses are as follows:

                                        Tahun yang Berakhir pada Tanggal
                                                  31 Desember/
                                            Year Ended December 31,

                                            2025                 2024

  Gaji dan tunjangan                          3.144.994           3.076.966                         Salaries and allowance
  Bonus                                         754.960             696.487                                          Bonus
  Pengobatan                                    448.527             208.496                                         Medical
  Seragam karyawan                               52.111              42.534                            Employee uniforms
  Lembur                                         41.505              32.385                                       Overtime

  Jumlah                                      4.442.097           4.056.868                                            Total


34. BEBAN OPERASIONAL BANDARA                                 34. AIRPORT OPERATION EXPENSES

  Rincian beban operasional bandara adalah sebagai               The details of airport operation expenses are as
  berikut:                                                       follows:
                                        Tahun yang Berakhir pada Tanggal
                                                  31 Desember/
                                            Year Ended December 31,

                                            2025                 2024

  Penyusutan dan amortisasi                                                                  Depreciation and amortization
    aset tetap, properti investasi,                                               of fixed assets, investment properties,
    dan aset takberwujud                      3.206.781           3.293.901                         and intangible assets
  Pemeliharaan bangunan                                                                                    Building and field
    dan lapangan                              1.432.430           1.199.653                                  maintenance
  Komunikasi dan utilitas                     1.002.678             914.107                    Communication and utilities
  Jasa alih daya                                623.703             521.724                            Outsourcing services
  Collection fee                                545.108             484.548                                    Collection fee
  Jasa kebersihan                               463.587             417.625                                Cleaning services
  Sewa                                          307.692             362.006                                           Rental
  Management fee                                                                                            Management fee
    (Catatan 43s)                                 222.952           130.399                                    (Note 43s)
  Keamanan                                        195.295           256.337                                        Securities
  Beban konsesi kepada DJPU                       181.359           593.825                        Concession fee to DJPU
  Penyusutan aset hak-guna                         83.212            94.791              Depreciation of right-of-use assets
  Perlengkapan dan bahan bakar                     56.705            51.102                                Supplies and fuel
  Denda kepada                                                                                                     Penalties
    DJPU (Catatan 44a)                                  -           112.319                           to DJPU (Note 44a)
  Lainnya                                          36.115           196.044                                           Others

   Jumlah                                     8.357.617           8.628.381                                            Total




                                                        179
Page 649
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


35. BEBAN UMUM DAN ADMINISTRASI                                 35. GENERAL AND ADMINISTRATIVE EXPENSES

  Rincian beban umum dan administrasi adalah                       The details of general and administrative are as
  sebagai berikut:                                                 follows:

                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                2025               2024

  Imbalan pasca kerja                              650.469            425.861                    Post-employment benefits
  Pajak bumi dan bangunan                          539.363            382.417                          Land and building tax
  Gaji komisaris                                                                                        Commissioners’ and
    dan direksi                                    231.751            280.534                     directors’ remuneration
  Penurunan nilai investasi                                                                    Impairment of investments in
    pada entitas asosiasi                                                                                       associates
    dan ventura bersama                            184.076                  -                           and joint ventures
  Asuransi                                         180.709            120.927                                       Insurance
  Konsultan                                        174.395            188.906                                      Consultant
  Penurunan nilai aset tetap                                                                 Impairment of fixed assets and
    dan properti investasi                         123.808             69.103                       invetsment properties
  Perjalanan dinas                                 113.215             73.620                                 Business Travel
  Pengembangan sumber daya manusia                  93.964            104.203                Human resources development
  Pajak lainnya                                     93.365             63.858                                     Other taxes
  Aset dibiayakan                                   23.407             17.630                                Low value assets
  Tenaga pendukung administrasi                      8.080             37.287               Administrative support personnel
  Makanan dan minuman                                7.843              9.812                           Food and beverages
  Pemulihan penurunan                                                                                Recovery of impairment
    nilai aset keuangan                            (34.229)          (128.044)                          of financial assets
  Umum lainnya                                     157.479            145.893                                          Others

   Jumlah                                        2.547.695          1.792.007                                          Total


36. PENDAPATAN LAIN-LAIN                                        36. OTHER INCOME

  Rincian pendapatan lain-lain adalah sebagai berikut:             The details of other income are as follows:

                                            Tahun yang Berakhir pada Tanggal
                                                      31 Desember/
                                                Year Ended December 31,

                                                2025               2024

  Keuntungan inbreng tanah                       5.664.912                  -                          Gain on land inbreng
  Pengembalian management fee                       80.180                  -                       Management fee refund
  Laba kurs                                         30.155                  -                    Gain on foreign exchanges
  Keuntungan atas modifikasi kontrak sewa           29.435                  -            Gain on lease contract modification
  Denda                                             10.565              3.683                                     Penalties
  Lelang                                             1.217              1.620                                       Auction
  Reimbursement                                          -             25.901                               Reimbursement
  Lain-lain (di bawah Rp5 miliar)                   68.999             29.753                     Others (under Rp5 billion)
  Jumlah                                         5.885.463             60.957                                          Total




                                                          180
Page 650
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


37. BEBAN LAIN-LAIN                                             37. OTHER EXPENSES

  Rincian beban lain-lain adalah sebagai berikut:                  The details of other expenses are as follows:
                                          Tahun yang Berakhir pada Tanggal
                                                    31 Desember/
                                              Year Ended December 31,

                                               2025                2024

  Beban tanggung jawab                                                                  Corporate social and environmental
    sosial dan lingkungan                            73.186            58.697                    responsibility expenses
  Penghitungan kembali pajak masukan                 30.729           122.224                      Recalculation of VAT In
  Klaim kontraktor (Catatan 44i)                     14.180            95.727                  Contractor claims (Note 44i)
  Iuran imbalan kerja LPPNPI                              -            16.851        LPPNPI employee benefit contributions
  Lain-lain (dibawah Rp5 miliar)                     21.758            82.347                    Others (below Rp5 billion)
  Jumlah                                            139.853          375.846                                            Total


38. PENGHASILAN KEUANGAN                                        38. FINANCIAL INCOME

  Rincian penghasilan keuangan adalah sebagai                      The details of financial income are as follows:
  berikut:

                                          Tahun yang Berakhir pada Tanggal
                                                    31 Desember/
                                              Year Ended December 31,

                                               2025                2024

   Bunga jasa giro                                  228.116           178.394                Interest from demand deposits
   Bunga deposito                                    88.753           181.042                    Interest from time deposits
   Bunga obligasi dan                                                                                    Interest from bonds
    pembagian bagi hasil reksa dana                  13.635               5.590        and mutual fund investment returns
   Jumlah                                           330.504           365.026                                           Total


39. BEBAN KEUANGAN                                              39. FINANCIAL COSTS

  Akun ini terdiri dari:                                           This account consists of the following:

                                          Tahun yang Berakhir pada Tanggal
                                                    31 Desember/
                                              Year Ended December 31,

                                               2025                2024


   Beban bunga pinjaman bank                                                                 Interest expense on bank loans
     dan obligasi                               2.734.729           3.074.585                                   and bonds
   Imbal hasil ijarah                             146.800                   -                            Ijarah profit sharing
   Imbal hasil sukuk                              142.722             150.937                            Sukuk profit sharing
   Beban bunga sewa                                74.026              63.173                         Lease interest expense
   Beban pendanaan                                 10.586              33.949                                Financing costs
   Beban administrasi bank                         19.085              12.668                   Bank administrative charges

   Jumlah                                       3.127.948           3.335.312                                           Total




                                                          181
Page 651
                                                                     The original consolidated financial statements included herein
                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                             PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


40. NILAI WAJAR                                                     40. FAIR VALUE

  Tabel di bawah ini menggambarkan nilai tercatat                      The table below illustrates the carrying values and
  dan nilai wajar dari aset dan liabilitas keuangan:                   fair values of financial assets and liabilities:

                                                31 Desember 2025/ December 31, 2025
                                            Nilai Tercatat/              Nilai Wajar/
                                            Carrying Value               Fair Value
    Aset Keuangan                                                                                               Financial Assets
        Kas dan setara kas                            6.771.631                   6.771.631          Cash and cash equivalents
        Investasi jangka pendek                         121.531                     121.531             Short-term investments
        Piutang usaha -                                                                                     Trade receivables -
          bagian lancar                               1.610.563                   1.610.563                    current portion
        Piutang lain-lain                               275.602                     275.602                  Other receivables
        Aset kontrak                                    335.342                     335.342                     Contract assets
        Piutang usaha -                                                                                     Trade receivables -
          bagian tidak lancar                           381.688                     381.688               non-current portion
        Investasi jangka panjang                     10.973.685                  10.973.685              Long-term investment

    Jumlah                                           20.470.042                  20.470.042                                 Total

    Liabilitas Keuangan                                                                                      Financial Liabilities
        Utang usaha                                     308.197                     308.197                     Trade payables
        Beban akrual                                  3.768.473                   3.768.473                  Accrued expenses
        Utang bank dan lembaga                                                                        Long-term bank and other
            keuangan lainnya                                                                              financial institutions
           jangka panjang                            31.979.504                  31.979.504                                loans
        Utang obligasi dan sukuk                      6.909.246                   6.909.246           Bonds payable and sukuk
        Liabilitas sewa                                 986.183                     986.183                     Lease liabilities
        Liabilitas jangka pendek lainnya              1.995.096                   1.995.096              Other current liabilities
        Liabilitas jangka panjang lainnya             2.549.173                   2.549.173          Other non-current liabilities

    Jumlah                                           48.495.872                  48.495.872                                 Total


                                                31 Desember 2024/ December 31, 2024
                                            Nilai Tercatat/              Nilai Wajar/
                                            Carrying Value               Fair Value
    Aset Keuangan                                                                                              Financial Assets
        Kas dan setara kas                            9.602.734                   9.602.734          Cash and cash equivalents
        Kas yang dibatasi
          penggunaannya                                 385.215                       385.215                   Restricted cash
        Investasi jangka pendek                         109.994                       109.994           Short-term investments
        Piutang usaha -                                                                                    Trade receivables -
          bagian lancar                               1.321.365                   1.321.365                    current portion
        Piutang lain-lain                               178.447                     178.447                  Other receivables
        Aset kontrak                                    264.262                     264.262                     Contract assets
        Piutang usaha -                                                                                    Trade receivables -
          bagian tidak lancar                           390.830                     390.830               non-current portion
        Investasi jangka panjang                      5.101.281                   5.101.281              Long-term investment

    Jumlah                                           17.354.128                  17.354.128                                 Total

    Liabilitas Keuangan                                                                                      Financial Liabilities
        Utang usaha                                     427.631                     427.631                     Trade payables
        Beban akrual                                  3.025.535                   3.025.535                  Accrued expenses
        Utang bank dan lembaga                                                                        Long-term bank and other
            keuangan lainnya                                                                              financial institutions
           jangka panjang                            35.962.458                  35.962.458                               loans
        Utang obligasi dan sukuk                      7.064.087                   7.064.087           Bonds payable and sukuk
        Liabilitas sewa                                 723.080                     723.080                     Lease liabilities
        Liabilitas jangka pendek lainnya              2.218.696                   2.218.696              Other current liabilities
        Liabilitas jangka panjang lainnya             3.015.642                   3.015.642          Other non-current liabilities

    Jumlah                                           52.437.129                  52.437.129                                 Total




                                                              182
Page 652
                                                                      The original consolidated financial statements included herein
                                                                                                        are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


40. NILAI WAJAR (lanjutan)                                           40. FAIR VALUE (continued)

   Nilai wajar atas sebagian besar aset dan liabilitas                   Fair values of the most financial assets and liabilities
   keuangan mendekati nilai tercatat karena dampak                       approximate their carrying values because the effect
   pendiskontoan yang tidak signifikan.                                  of discounting is not significant.

   Estimasi nilai wajar bersifat judgmental dan                          Fair value estimation is judgmental and involving
   melibatkan batasan-batasan yang beragam,                              various boundaries, including:
   termasuk:
   1) Nilai wajar disajikan tidak mempertimbangkan                       1) Fair value presented are not considering the
       dampak fluktuasi mata uang di masa depan.                            impact of future currency fluctuation.
   2) Estimasi nilai wajar tidak selalu mengindikasikan                  2) Fair value estimation are not always indicating
       nilai yang Kelompok Usaha akan catat pada saat                       value that the Group will record at the time of
       pelepasan/penghentian aset dan liabilitas                            sales/termination of financial assets and
       keuangan.                                                            liabilities.

   Tabel berikut menunjukkan hirarki pengukuran nilai                    The following table provides the recurring fair value
   wajar berulang dari aset Perusahaan:                                  measurement hierarchy of the Company’s assets:

                                               Harga kuotasian                               Input yang tidak
                                               dalam pasar aktif    Input yang dapat        dapat diobservasi
                                               untuk aset yang       diobservasi lain         yang signifikan
                                                    identik          yang sifgnifikan            (Level 3)/
                                                   (Level 1)/            (Level 2)/             Significant
                                               Quoted prices in         Significant            unobservable
                                                active markets      observable inputs              inputs
                               Total/Total         (Level 1)             (Level 2)               (Level 3)
   31 Desember 2025                                                                                               December 31, 2025
   Aset keuangan pada nilai                                                                                     Financial assets at fair
     wajar melalui PKL                72.089              72.089                        -                   -    value through OCI
   31 Desember 2024                                                                                               December 31, 2024
   Aset keuangan pada nilai                                                                                     Financial assets at fair
     wajar melalui PKL                69.506              69.506                        -                   -    value through OCI

   Tidak ada transfer antara Level 1 dan Level 2, serta                  There were no transfers between Level 1 and Level
   tidak ada masuk atau keluarnya instrumen dari Level                   2, and no instruments entered or exited Level 3
   3 selama tahun yang berakhir pada tanggal 31                          during the years ended December 31, 2025 and
   Desember 2025 dan 2024.                                               2024.

41. TRANSAKSI DENGAN PIHAK BERELASI                                  41. TRANSACTIONS WITH RELATED PARTIES

   Dalam kegiatan usaha normal, Kelompok Usaha                           In the normal course of business, the Group entered
   melakukan transaksi dengan pihak-pihak berelasi,                      into transactions with related parties, which are
   yang terafiliasi dengan Kelompok Usaha melalui                        affiliated with the Group through equity ownership,
   kepemilikan langsung dan tidak langsung dan/atau                      either direct or indirect and/or under common control.
   di bawah kendali pihak yang sama.




                                                              183
Page 653
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


41. TRANSAKSI       DENGAN     PIHAK     BERELASI                 41. TRANSACTIONS WITH RELATED PARTIES
    (lanjutan)                                                         (continued)
    Rincian sifat hubungan dan jenis transaksi yang                   The details of nature of relationship and types of
    signifikan dengan pihak berelasi adalah sebagai                   significant transactions with related parties are as
    berikut:                                                          follows:
   a. Sifat Hubungan Berelasi                                        a. Nature of Relationship
        Pihak berelasi/                  Sifat hubungan/                             Transaksi/
        Related parties                  Nature of relationship                      Transactions
        Negara Republik Indonesia/       Pemegang Saham/                             Setoran Saham, Dividen, Jasa Konsesi/
          Republic of Indonesia          Shareholders                                Share Capital, Dividend, Concession
                                                                                     Service
        PT Aviasi Pariwisata Indonesia   Pemegang Saham/                             Setoran Saham, Dividen, Piutang Lain-lain,
           (Persero)                     Shareholders                                Pendapatan/ Share Capital, Dividend,
                                                                                     Trade Receivables,Others Receivables,
                                                                                     Revenue
        PT Integrasi Aviasi Solusi       Entitas Asosiasi/                           Piutang Usaha, Piutang Lain-lain,
                                         Associate Companies                         Liabilitas Jangka Pendek Lainnya,
                                                                                     Pendapatan/Trade Receivables, Other
                                                                                     Receivables, Other Current Liabilities
                                                                                     Revenues
        PT Bandarudara Internasional     Entitas Asosiasi/                           Piutang Lain-lain/Other Receivables
           Jawa Barat                    Associate Companies
        PT Purantara Mitra Angkasa       Entitas Asosiasi/                           Pendapatan/Revenues
           Dua                           Associate Companies
        PT Garuda Maintenance Facility   Entitas Asosiasi/                           Piutang Usaha, Pendapatan/Trade
           AeroAsia Tbk.                 Associate Companies                         Receivables, Revenues
        PT Bank Mandiri (Persero) Tbk.   Dikendalikan oleh Pemerintah Republik       Jasa Perbankan, Utang Usaha, Utang
                                         Indonesia/Controlled by the Government      Bank dan Lembaga Keuangan,
                                         of Republic Indonesia                       Pendapatan/Banking Services, Trade
                                                                                     Payable, Bank and Other Financial
                                                                                     Institution Loans, Revenues
        PT Bank Rakyat                   Dikendalikan oleh Pemerintah Republik       Jasa Perbankan, Piutang Usaha, Utang
           Indonesia (Persero) Tbk.      Indonesia/Controlled by the Government      Usaha, Utang Bank dan Lembaga Keuangan,
                                         of Republic Indonesia                       Pendapatan/Banking Services, Trade
                                                                                     Receivable, Trade Payable, Bank and Other
                                                                                     Financial Institution Loans, Revenues
        PT Bank Negara Indonesia         Dikendalikan oleh Pemerintah Republik       Jasa Perbankan, Piutang Usaha, Utang
           (Persero) Tbk.                Indonesia/Controlled by the Government      Bank dan Lembaga Keuangan,
                                         of Republic Indonesia                       Pendapatan/Banking Services, Trade
                                                                                     Receivable, Bank and Other Financial
                                                                                     Institution Loans, Revenues
        PT Bank Tabungan Negara          Dikendalikan oleh Pemerintah Republik       Jasa Perbankan, Utang Bank dan
           (Persero) Tbk.                Indonesia/Controlled by the Government      Lembaga Keuangan/Banking Services,
                                         of Republic Indonesia                       Bank and Other Financial Institution Loans
        PT Bank Syariah Indonesia, Tbk   Dikendalikan oleh Pemerintah Republik       Jasa Perbankan, Utang Bank dan
           (Persero) Tbk.                Indonesia/Controlled by the Government      Lembaga Keuangan/Banking Services,
                                         of Republic Indonesia                       Bank and Other Financial Institution Loan
        Lembaga Pembiayaan Ekspor        Dikendalikan oleh Pemerintah Republik       Utang Bank dan Lembaga Keuangan/
          Indonesia                      Indonesia/Controlled by the Government      Bank and Other Financial Institution Loan
                                         of Republic Indonesia
        PT Garuda Indonesia              Dikendalikan oleh Pemerintah Republik       Piutang Usaha, Utang Usaha,
           (Persero) Tbk.                Indonesia/Controlled by the Government      Pendapatan/Trade Receivables, Trade
                                         of Republic Indonesia                       Payables, Revenues
        PT Merpati Nusantara Airlines    Dikendalikan oleh Pemerintah Republik       Piutang Usaha/Trade Receivables
                                         Indonesia/Controlled by the Government
                                         of Republic Indonesia
        PT Telekomunikasi Indonesia      Dikendalikan oleh Pemerintah Republik       Utang Usaha, Liabilitas Jangka Pendek
           (Persero) Tbk.                Indonesia/Controlled by the Government      Lainnya/Trade Payables, Other
                                         of Republic Indonesia                       Current Liabilities
        PT Waskita Karya                 Dikendalikan oleh Pemerintah Republik       Liabilitas Jangka Pendek Lainnya/Other
           (Persero) Tbk.                Indonesia/Controlled by the Government      Current Liabilities
                                         of Republic Indonesia




                                                           184
Page 654
                                                                     The original consolidated financial statements included herein
                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


41. TRANSAKSI      DENGAN          PIHAK     BERELASI               41. TRANSACTIONS          WITH     RELATED        PARTIES
    (lanjutan)                                                          (continued)

  Rincian sifat hubungan dan jenis transaksi yang                      The details of nature of relationship and types of
  signifikan dengan pihak berelasi adalah sebagai                      significant transactions with related parties are as
  berikut: (lanjutan)                                                  follows: (continued)
  a. Sifat Hubungan Berelasi (lanjutan)                                a. Nature of Relationship (continued)

       Pihak berelasi/                     Sifat hubungan/                             Transaksi/
       Related parties                     Nature of relationship                      Transactions
       PT Wijaya Karya                     Dikendalikan oleh Pemerintah Republik       Piutang Usaha, Liabilitas Jangka Pendek
          (Persero) Tbk.                   Indonesia/Controlled by the Government      Lainnya, Pendapatan/Trade Receivables,
                                           of Republic Indonesia                       Other Current Liabilities, Revenues
       PT Indonesia Infrastructure         Dikendalikan oleh Pemerintah Republik       Utang Bank dan Lembaga Keuangan/
          Finance                          Indonesia/Controlled by the Government      Bank and Other Financial Institution
                                           of Republic Indonesia                       Loan
       PT Sarana Multi Infrastruktur       Dikendalikan oleh Pemerintah Republik       Utang Bank dan Lembaga Keuangan/
                                           Indonesia/Controlled by the Government      Bank and Other Financial Institution
                                           of Republic Indonesia                       Loan
       PT Nindya Karya (Persero)           Dikendalikan oleh Pemerintah Republik       Liabilitas Jangka Pendek Lainnya/Other
                                           Indonesia/Controlled by the Government      Current Liabilities
                                           of Republic Indonesia
       Perum Lembaga Penyelenggara         Dikendalikan oleh Pemerintah Republik       Piutang Usaha, Pendapatan/Trade
          Pelayanan Navigasi Indonesia     Indonesia/Controlled by the Government      Receivables, Revenues
                                           of Republic Indonesia
       PT Hutama Karya (Persero)           Dikendalikan oleh Pemerintah Republik       Liabilitas Jangka Pendek Lainnya/Other
                                           Indonesia/ Controlled by the Government     Current Liabilities
                                           of Republic Indonesia
       PT Adhi Karya (Persero) Tbk.        Dikendalikan oleh Pemerintah Republik       Liabilitas Jangka Pendek Lainnya/Other
                                           Indonesia/Controlled by the Government      Current Liabilities
                                           of Republic Indonesia
       PT Adhi Karya (Persero) Tbk.        Dikendalikan oleh Pemerintah Republik       Liabilitas Jangka Pendek Lainnya/Other
                                           Indonesia/Controlled by the Government      Current Liabilities
                                           of Republic Indonesia
       PT Pembangunan Perumahan            Dikendalikan oleh Pemerintah Republik       Liabilitas Jangka Pendek Lainnya/Other
          (Persero) Tbk.                   Indonesia/ Controlled by the Government     Current Liabilities
                                           of Republic Indonesia
       PT IAS Property Indonesia           Dikendalikan oleh PT Integrasi Aviasi       Liabilitas Jangka Pendek Lainnya/Other
                                           Solusi/Controlled by PT Integrasi Aviasi    Current Liabilites
                                           Solusi
       PT Angkasa Pura Suport              Dikendalikan oleh PT Integrasi Aviasi       Utang Usaha, Liabilitas Jangka Pendek
                                           Solusi/Controlled by PT Integrasi Aviasi    Lainnya, Pendapatan/Trade Payables,
                                           Solusi                                      Other Current Liabilities, Revenue
       PT Gapura Angkasa                   Dikendalikan oleh PT Integrasi Aviasi       Piutang Usaha, Pendapatan/Trade
                                           Solusi/Controlled by PT Integrasi Aviasi    Receivables, Trade Payables, Revenues
                                           Solusi
       PT IAS Hospitality Indonesia        Dikendalikan oleh PT Integrasi Aviasi       Piutang Usaha, Pendapatan/Trade
                                           Solusi/Controlled by PT Integrasi Aviasi    Receivables, Revenues
                                           Solusi
       PT IAS Support Indonesia            Dikendalikan oleh PT Integrasi Aviasi       Piutang Usaha, Piutang Lain-lain, Utang
                                           Solusi/Controlled by PT Integrasi Aviasi    Usaha, Liabilitas Jangka Pendek Lainnya,
                                           Solusi                                      Pendapatan/Trade Receivables, Other
                                                                                       Receivables, Trade Payables, Other
                                                                                       Current Liabilites, Revenues
       PT Merpati Maintenance Facility     Dikendalikan oleh PT Merpati Nusantara      Piutang Usaha/Trade Receivables
                                           Airlines/Controlled by PT Merpati
                                           Nusantara Airlines
       PT Pelita Air Service               Dikendalikan oleh PT Pertamina (Persero)/   Piutang Usaha, Utang Usaha,
                                           Controlled by PT Pertamina (Persero)        Pendapatan/Trade Receivables,
                                                                                       Trade Payables, Revenues




                                                             185
Page 655
                                                                          The original consolidated financial statements included herein
                                                                                                            are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                  PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                             As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


41. TRANSAKSI       DENGAN        PIHAK      BERELASI                    41. TRANSACTIONS          WITH     RELATED        PARTIES
    (lanjutan)                                                               (continued)

  Rincian sifat hubungan dan jenis transaksi yang                           The details of nature of relationship and types of
  signifikan dengan pihak berelasi adalah sebagai                           significant transactions with related parties are as
  berikut: (lanjutan)                                                       follows: (continued)

  b. Sifat Hubungan Berelasi (lanjutan)                                    a. Nature of Relationship (continued)

       Pihak berelasi/                    Sifat hubungan/                                   Transaksi/
       Related parties                    Nature of relationship                            Transactions
       PT Citilink Indonesia              Dikendalikan oleh PT Garuda Indonesia             Piutang Usaha, Pendapatan/Trade
                                          (Persero) Tbk./Controlled by PT Garuda            Receivables, Revenues
                                          Indonesia (Persero) Tbk.
       PT Aerofood Indonesia              Dikendalikan oleh PT Garuda Indonesia             Piutang Usaha, Pendapatan/Trade
                                          (Persero) Tbk./Controlled by PT Garuda            Receivables, Revenues
                                          Indonesia (Persero) Tbk.
       PT Bank Syariah Nasional           Dikendalikan oleh PT Bank Tabungan                Jasa Pebankan, Utang Bank dan
          (dahulu Unit Usaha Syariah      Negara (Persero) Tbk./Controlled by               Lembaga Keuangan/Banking Services,
          BTN)                            PT Bank Tabungan Negara (Persero)                 Bank and Other Financial Institution
                                          Tbk.                                              Loan.
       PT Pertamina Patra Niaga           Dikendalikan oleh PT Pertamina (Persero)/         Piutang Usaha, Pendapatan/Trade
                                          Controlled by PT Pertamina (Persero)              Receivables, Revenues
       PT Kereta Commuter Indonesia       Dikendalikan oleh PT Kereta Api                   Piutang Usaha, Pendapatan/Trade
                                          Indonesia (Persero)/Controlled by                 Receivables, Revenues
                                          PT Kereta Api Indonesia (Persero)

  b. Saldo dengan Pihak Berelasi                                            b. Balance with Related Parties

     Dalam kegiatan usahanya, Perusahaan dan                                    In the normal course of business, the Company
     entitas anak melakukan transaksi tertentu                                  and its subsidiaries entered into transactions
     dengan pihak berelasi.                                                     with related parties.

     Rincian akun signifikan dengan pihak-pihak                                 Details of significant accounts with related
     berelasi (pemerintah, entitas pemerintah atau                              parties (the government, government entities, or
     dinyatakan lain) sebagai berikut:                                          otherwise stated) are as follows:

                                                                         Persentase terhadap Jumlah Aset/
                                             Jumlah/ Total                  Percentage to Total Assets

                                  31 Desember        31 Desember          31 Desember       31 Desember
                                       2025/             2024/                2025/             2024/
                                   December 31,      December 31,         December 31,      December 31,
                                       2025              2024                 2025              2024

      Kas dan setara kas                                                                                    Cash and cash equivalents
        (Catatan 4)                                                                                                          (Note 4)
      Bank                                                                                                                        Bank
      Rupiah                                                                                                                     Rupiah
      PT Bank Mandiri                                                                                                  PT Bank Mandiri
        (Persero) Tbk.                 1.878.278             2.256.173            2,07%             2,62%              (Persero) Tbk.
      PT Bank Syariah Nasional                                                                                PT Bank Syariah Nasional
        (dahulu Unit Usaha                                                                                       (formerly Unit Usaha
        Syariah BTN)                   1.792.566             2.956.303            1,98%             3,43%               Syariah BTN)
      PT Bank Tabungan Negara                                                                                PT Bank Tabungan Negara
        (Persero) Tbk.                    660.354             463.955             0,73%             0,54%              (Persero) Tbk.
      PT Bank Negara Indonesia                                                                               PT Bank Negara Indonesia
        (Persero) Tbk.                    280.889             129.891             0,31%             0,15%              (Persero) Tbk.
      PT Bank Syariah Indonesia                                                                              PT Bank Syariah Indonesia
        (Persero) Tbk.                     76.172              42.687             0,08%             0,05%              (Persero) Tbk.
      PT Bank Rakyat Indonesia                                                                                PT Bank Rakyat Indonesia
        (Persero) Tbk.                     29.148             295.381             0,03%             0,34%              (Persero) Tbk.

      Subjumlah                        4.717.407             6.144.390            5,21%             7,13%                     Subtotal




                                                                 186
Page 656
                                                                           The original consolidated financial statements included herein
                                                                                                             are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                    PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                               As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                              (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)


41. TRANSAKSI        DENGAN       PIHAK       BERELASI                    41. TRANSACTIONS WITH RELATED PARTIES
    (lanjutan)                                                                (continued)
    b. Saldo dengan Pihak Berelasi (lanjutan)                                 b. Balance with Related Parties (continued)
        Rincian akun signifikan dengan pihak-pihak                               Details of significant accounts with related
        berelasi (pemerintah, entitas pemerintah atau                            parties (the government, government entities, or
        dinyatakan lain) sebagai berikut: (lanjutan)                             otherwise stated) are as follows: (continued)
                                                                           Persentase terhadap Jumlah Aset/
                                              Jumlah/ Total                   Percentage to Total Assets

                                    31 Desember         31 Desember         31 Desember      31 Desember
                                         2025/              2024/               2025/            2024/
                                     December 31,       December 31,        December 31,     December 31,
                                         2025               2024                2025             2024

       Kas dan setara kas                                                                                     Cash and cash equivalents
         (Catatan 4) (lanjutan)                                                                                    (Note 4) (continued)
       Dolar AS                                                                                                                 US Dollar
       PT Bank Mandiri                                                                                                   PT Bank Mandiri
         (Persero) Tbk.                    158.006             149.760              0,17%            0,17%               (Persero) Tbk.
       PT Bank Negara Indonesia                                                                                PT Bank Negara Indonesia
         (Persero) Tbk.                     18.316              19.849              0,02%            0,02%               (Persero) Tbk.
       PT Bank Rakyat Indonesia                                                                                 PT Bank Rakyat Indonesia
         (Persero) Tbk.                        938                 908              0,00%            0,00%               (Persero) Tbk.

       Subjumlah                           177.260             170.517              0,20%            0,20%                      Subtotal

       Jumlah bank                       4.894.667            6.314.907             5,40%            7,33%                    Total bank

       Deposito berjangka                                                                                                 Time deposits
         (Catatan 4)                                                                                                           (Note 4)
       Rupiah                                                                                                                    Rupiah
       PT Bank Tabungan Negara                                                                                 PT Bank Tabungan Negara
         (Persero) Tbk.                    835.000             788.390              0,92%            0,91%               (Persero) Tbk.
       PT Bank Rakyat Indonesia                                                                                PT Bank Rakyat Indonesia
         (Persero) Tbk.                    165.000             165.000              0,18%            0,19%               (Persero) Tbk.
       PT Bank Syariah                                                                                                  PT Bank Syariah
         Indonesia (Persero) Tbk.           21.000             269.000              0,02%            0,31%     Indonesia (Persero) Tbk.
       PT Bank Negara Indonesia                                                                                PT Bank Negara Indonesia
         (Persero) Tbk.                      2.500             202.500              0,00%            0,24%               (Persero) Tbk.
       PT Bank Mandiri                                                                                                   PT Bank Mandiri
         (Persero) Tbk.                             -           41.000              0,00%            0,05%               (Persero) Tbk.

       Jumlah deposito berjangka         1.023.500            1.465.890             1,13%            1,70%           Total time deposits

       Jumlah                            5.918.167            7.780.797             6,53%            9,03%                          Total

       Kas yang dibatasi
         penggunaannya                                                                                                  Restricted cash
         (Catatan 5)                                                                                                          (Note 5)
       Rupiah                                                                                                                    Rupiah
       PT Bank Tabungan Negara                                                                                 PT Bank Tabungan Negara
         (Persero) Tbk.                             -          385.215              0,00%            0,45%              (Persero) Tbk.

       Jumlah                                       -          385.215              0,00%            0,45%                          Total

       Investasi jangka pendek                                                                                   Short-term investment
          (Catatan 6)                                                                                                         (Note 6)
       Obligasi                                                                                                                  Bonds
       Rupiah                                                                                                                   Rupiah
       Obligasi Negara Tahun 2007                                                                             Goverment Bond Year 2007
          Seri FR0047                       32.871              32.565              0,04%            0,04%             Series FR0047
       Obligasi Negara Tahun 2007                                                                             Goverment Bond Year 2007
          Seri FR0045                       19.380              18.417              0,02%            0,02%             Series FR0045
       Obligasi Negara Tahun 2005                                                                             Goverment Bond Year 2005
          Seri FR0082                        5.263               4.985              0,01%            0,01%             Series FR0082

       Subjumlah                            57.514              55.967              0,06%            0,06%                      Subtotal

       Dolar AS                                                                                                               US Dollar
       Obligasi Negara Tahun 2018                                                                             Goverment Bond Year 2018
         Seri RI0148                        14.575              13.539              0,02%            0,02%              Series RI0148

       Jumlah                               72.089              69.506              0,08%            0,08%                          Total


                                                                  187
Page 657
                                                                               The original consolidated financial statements included herein
                                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


41. TRANSAKSI        DENGAN            PIHAK      BERELASI                    41. TRANSACTIONS          WITH      RELATED         PARTIES
    (lanjutan)                                                                    (continued)

  b. Saldo dengan Pihak Berelasi (lanjutan)                                      b. Balance with Related Parties (continued)

     Rincian akun signifikan dengan pihak-pihak                                      Details of significant accounts with related
     berelasi (pemerintah, entitas pemerintah atau                                   parties (the government, government entities, or
     dinyatakan lain) sebagai berikut: (lanjutan)                                    otherwise stated) are as follows: (continued)

                                                                              Persentase terhadap Jumlah Aset/
                                                  Jumlah/ Total                   Percentage to Total Assets

                                       31 Desember           31 Desember       31 Desember       31 Desember
                                           2025/                 2024/             2025/             2024/
                                       December 31,          December 31,      December 31,      December 31,
                                           2025                  2024              2025              2024

      Piutang usaha (Catatan 7)                                                                                  Trade receivables (Note 7)
      Lancar                                                                                                                            Current
      PT Garuda Indonesia                                                                                               PT Garuda Indonesia
         (Persero) Tbk.                        185.661              72.339             0,20%             0,08%             (Persero) Tbk.
      PT Integrasi Aviasi Solusi               144.706              69.246             0,16%             0,08%      PT Integrasi Aviasi Solusi
      PT Gapura Angkasa                         78.230              68.459             0,09%             0,08%           PT Gapura Angkasa
      PT Merpati Nusantara                                                                                             PT Merpati Nusantara
         Airlines                               57.142              56.973             0,06%             0,07%                     Airlines
      PT Garuda Maintenance                                                                                          PT Garuda Maintenance
         Facility Aero Asia Tbk.                38.224   .          38.833             0,04%             0,05%    Facility Aero Asia Tbk.
      PT Citilink Indonesia                     36.425              51.051             0,04%             0,06%           PT Citilink Indonesia
      PT IAS Hospitality Indonesia              34.689              44.592             0,04%             0,05% PT IAS Hospitality Indonesia
      PT Pertamina Patra Niaga                  32.586              59.950             0,04%             0,07%     PT Pertamina Patra Niaga
      PT Pelita Air Service                     29.721              20.405             0,03%             0,02%           PT Pelita Air Service
      PT Kereta Commuter                                                                                                PT Kereta Commuter
         Indonesia                              13.514               1.032             0,01%             0,00%                   Indonesia
      PT IAS Support Indonesia                  11.793              10.810             0,01%             0,01%     PT IAS Support Indonesia
      PT Purantara Mitra                                                                                                   PT Purantara Mitra
         Angkasa Dua                            11.751              12.500             0,01%             0,01%                Angkasa Dua
      PT Aerofood Indonesia                     10.781              13.881             0,01%             0,02%        PT Aerofood Indonesia
      PT Bank Mandiri                                                                                                          PT Bank Mandiri
          (Persero) Tbk.                         9.080              11.500             0,01%             0,01%               (Persero) Tbk.
      PT Bank Rakyat Indonesia                                                                                    PT Bank Rakyat Indonesia
         (Persero) Tbk.                          7.271               5.463             0,01%             0,01%              (Persero) Tbk.
      PT Sarinah                                 7.223                   -             0,01%             0,00%                      PT Sarinah
      Patra Jasa Bali Hotel                      7.174               3.333             0,01%             0,00%           Patra Jasa Bali Hotel
      Perusahaan Umum Djawatan                                                                                  Perusahaan Umum Djawatan
         Angkoetan Motor Republik                                                                               Angkoetan Motor Republik
         Indonesia (Perum DAMRI)                 6.460                  36             0,01%             0,00% Indonesia (Perum DAMRI)
      PT Merpati Maintenance                                                                                         PT Merpati Maintenance
         Facility                                5.883               5.883             0,01%             0,01%                      Facility
      PT Bank Negara Indonesia                                                                                    PT Bank Negara Indonesia
         (Persero) Tbk.                          5.299              19.989             0,01%             0,02%             (Persero) Tbk.
      PT Angkasa Pura Suport                     5.238               2.770             0,01%             0,00%      PT Angkasa Pura Suport
      PT IAS Property Indonesia                  5.079               5.550             0,01%             0,01%    PT IAS Property Indonesia
      PT Hanggar Merpati                                                                                                  PT Hanggar Merpati
         Nusantara Airlines                      3.575               3.575             0,00%             0,00%         Nusantara Airlines
      Perusahaan Umum Lembaga                                                                                   Perusahaan Umum Lembaga
         Penyelenggara Pelayanan                                                                               Penyelenggara Pelayanan
         Navigasi Penerbangan                                                                                     Navigasi Penerbangan
         Indonesia (LPPNPI)                      2.567               3.169             0,00%             0,00%       Indonesia (LPPNPI)
      Lain-lain (dibawah Rp3 miliar)            36.426              13.639             0,04%             0,02%     Others (below Rp3 billion)

      Subjumlah                                786.498             594.978             0,87%             0,69%                        Subtotal

      Tidak lancar                                                                                                                 Non-current
      PT Garuda Indonesia                                                                                                 PT Garuda Indonesia
         (Persero) Tbk.                        703.639             703.639             0,78%             0,82%               (Persero) Tbk.
      PT Gapura Angkasa                        247.565             279.054             0,27%             0,32%              PT Gapura Angkasa
      PT Aerofood Indonesia                    101.337             103.684             0,11%             0,12%         PT Aerofood Indonesia
      PT Garuda Maintenance                                                                                           PT Garuda Maintenance
         Facility Aero Asia Tbk.                78.649             112.852             0,09%             0,13%      Facility Aero Asia Tbk.
      PT IAS Hospitality Indonesia               2.238               2.393             0,00%             0,00%    PT IAS Hospitality Indonesia

      Subjumlah                            1.133.428              1.201.622            1,25%             1,39%                        Subtotal

      Jumlah                               1.919.926              1.796.600            2,12%             2,08%                           Total


                                                                      188
Page 658
                                                                             The original consolidated financial statements included herein
                                                                                                               are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


41. TRANSAKSI        DENGAN            PIHAK      BERELASI                  41. TRANSACTIONS            WITH     RELATED           PARTIES
    (lanjutan)                                                                  (continued)

  b. Saldo dengan Pihak Berelasi (lanjutan)                                    b. Balance with Related Parties (continued)

     Rincian akun signifikan dengan pihak-pihak                                    Details of significant accounts with related
     berelasi (pemerintah, entitas pemerintah atau                                 parties (the government, government entities, or
     dinyatakan lain) sebagai berikut: (lanjutan)                                  otherwise stated) are as follows: (continued)

                                                                            Persentase terhadap Jumlah Aset/
                                                  Jumlah/ Total                 Percentage to Total Assets

                                       31 Desember        31 Desember        31 Desember        31 Desember
                                           2025/              2024/              2025/              2024/
                                       December 31,       December 31,       December 31,       December 31,
                                           2025               2024               2025               2024

      Piutang lain-lain (Catatan 8)                                                                                Other receivables (Note 8)
      PT IAS Support Indonesia                 128.213            151.136            0,14%               0,18%       PT IAS Support Indonesia
      PT Aviasi Pariwisata                                                                                                 PT Aviasi Pariwisata
         Indonesia (Persero)                   121.670             41.254            0,13%               0,05%          Indonesia (Persero)
      PT Bandarudara                                                                                                           PT Bandarudara
         Internasional Jawa Barat               81.368             65.757            0,09%               0,08%    Internasional Jawa Barat
      PT Integrasi Aviasi Solusi                47.531             57.500            0,05%               0,07%        PT Integrasi Aviasi Solusi
      Perusahaan Umum Lembaga                                                                                     Perusahaan Umum Lembaga
         Penyelenggara Pelayanan                                                                                 Penyelenggara Pelayanan
         Navigasi Penerbangan                                                                                        Navigasi Penerbangan
         Indonesia (LPPNPI)                      8.375              8.375            0,01%               0,01%          Indonesia (LPPNPI)
      Lain-lain (dibawah Rp3 miliar)            29.239             10.621            0,03%               0,01%       Others (below Rp3 billion)

      Jumlah                                   416.396            334.643            0,46%               0,39%                            Total



                                                                                  Persentase terhadap
                                                                                   Jumlah Liabilitas/
                                                  Jumlah/ Total               Percentage to Total Liabilities

                                       31 Desember        31 Desember        31 Desember        31 Desember
                                           2025/              2024/              2025/              2024/
                                       December 31,       December 31,       December 31,       December 31,
                                           2025               2024               2025               2024

      Utang usaha (Catatan 19)                                                                                      Trade payables (Note 19)
      Rupiah                                                                                                                           Rupiah
      PT Angkasa Pura Suport                    25.867            125.103            0,05%               0,22%        PT Angkasa Pura Suport
      PT IAS Support Indonesia                  25.748              5.305            0,05%               0,01%       PT IAS Support Indonesia
      PT Bank Rakyat Indonesia                                                                                      PT Bank Rakyat Indonesia
         (Persero) Tbk.                          6.625               200             0,01%               0,00%              (Persero) Tbk.
      PT Telekomunikasi                                                                                                    PT Telekomunikasi
         Indonesia (Persero) Tbk.                3.446                114            0,01%               0,00%    Indonesia (Persero) Tbk.
      PT IAS Hospitality Indonesia               3.263                  -            0,01%               0,00%    PT IAS Hospitality Indonesia
      PT BRI Danareksa Sekuritas                 1.686             17.344            0,00%               0,03%    PT BRI Danareksa Sekuritas
      PT IAS Property Indonesia                      -             67.205            0,00%               0,12%      PT IAS Property Indonesia
      Lain-lain (dibawah Rp3 miliar)            10.773              9.416            0,02%               0,02%       Others (below Rp3 billion)
      Subjumlah                                 77.408            224.687            0,15%               0,40%                        Subtotal
      Dolar AS                                                                                                                     US Dollar
      PT Bank Negara Indonesia                                                                                      PT Bank Negara Indonesia
        (Persero) Tbk.                                -               16             0,00%               0,00%             (Persero) Tbk.
      PT Bank Mandiri                                                                                                        PT Bank Mandiri
        (Persero) Tbk.                                -                2             0,00%               0,00%             (Persero) Tbk.
      Subjumlah                                       -               18             0,00%               0,00%                        Subtotal
      Jumlah                                    77.408            224.705            0,15%               0,40%                            Total




                                                                    189
Page 659
                                                                              The original consolidated financial statements included herein
                                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


41. TRANSAKSI        DENGAN            PIHAK      BERELASI                   41. TRANSACTIONS            WITH     RELATED         PARTIES
    (lanjutan)                                                                   (continued)

  b. Saldo dengan Pihak Berelasi (lanjutan)                                     b. Balance with Related Parties (continued)

     Rincian akun signifikan dengan pihak-pihak                                     Details of significant accounts with related
     berelasi (pemerintah, entitas pemerintah atau                                  parties (the government, government entities, or
     dinyatakan lain) sebagai berikut: (lanjutan)                                   otherwise stated) are as follows: (continued)
                                                                                   Persentase terhadap
                                                                                    Jumlah Liabilitas/
                                                  Jumlah/Total                 Percentage to Total Liabilities

                                        31 Desember        31 Desember        31 Desember        31 Desember
                                            2025/              2024/              2025/              2024/
                                        December 31,       December 31,       December 31,       December 31,
                                            2025               2024               2025               2024

      Liabilitas Jangka Pendek                                                                                                  Other Current
         Lainnya (Catatan 20)                                                                                         Liabilites (Note 20)
      PT Wijaya Karya                                                                                                         PT Wijaya Karya
         (Persero) Tbk.                        341.846            125.957             0,64%               0,23%             (Persero) Tbk.
      PT Waskita Karya                                                                                                       PT Waskita Karya
         (Persero) Tbk.                        223.578             82.928             0,42%               0,15%             (Persero) Tbk.
      PT Nindya Karya                          201.457            140.967             0,38%               0,25%               PT Nindya Karya
      PT Pembangunan Perumahan                                                                                    PT Pembangunan Perumahan
         (Persero) Tbk.                         99.429             91.189             0,19%               0,16%             (Persero) Tbk.
      PT Hutama Karya (Persero)                 35.481             22.767             0,07%               0,04%    PT Hutama Karya (Persero)
      PT IAS Support Indonesia                  34.022             57.873             0,06%               0,10%     PT IAS Support Indonesia
      PT IAS Property Indonesia                 23.370                  -             0,04%               0,00%     PT IAS Property Indonesia
      PT Jaya Konstruksi                                                                                                   PT Jaya Konstruksi
         Manggala Tbk.                          18.246             14.851             0,03%               0,03%             ManggalaTbk.
      PT Angkasa Pura Suport                    17.419             48.358             0,03%               0,09%       PT Angkasa Pura Suport
      PP Jaya Konstruksi                                                                                                   PP Jaya Konstruksi
         Konsorsium                             13.014             13.014             0,02%               0,02%                Konsorsium
      PT Adhi Karya (Persero) Tbk.              12.101             82.472             0,02%               0,15%   PT Adhi Karya (Persero) Tbk.
      PT BRI Danareksa Sekuritas                 8.890              8.890             0,02%               0,02%   PT BRI Danareksa Sekuritas
      Koperasi Satya                                                                                                            Koperasi Satya
         Ardhia Angkasa                          6.996              8.492             0,01%               0,02%           Ardhia Angkasa
      PT Integrasi Aviasi Solusi                 6.403              6.498             0,01%               0,01%      PT Integrasi Aviasi Solusi
      PT Istaka Karya                            3.534              3.534             0,01%               0,01%                PT Istaka Karya
      PT Agrinas Jaladri                                                                                                     PT Agrinas Jaladri
         Nusantara (Persero)                     1.126              4.498             0,00%               0,01%       Nusantara (Persero)
      PT LAPI ITB                                    -              4.601             0,00%               0,01%                    PT LAPI ITB
      PT IAS Property Indonesia                      -            103.617             0,00%               0,19%     PT IAS Property Indonesia
      Lain-lain (dibawah Rp3 miliar)             4.929              7.414             0,01%               0,01%      Others (below Rp3 billion)
      Jumlah                                1.051.841             827.920             1,97%               1,48%                          Total



      Utang bank jangka Panjang                                                                                         Long-term bank loans
        (Catatan 24)                                                                                                               (Note 24)
      Perusahaan                                                                                                                 The Company
      PT Bank Mandiri                                                                                                           PT Bank Mandiri
        (Persero) Tbk.                      6.796.370            7.412.619           12,74%              13,25%              (Persero) Tbk.
      PT Sarana Multi                                                                                                           PT Sarana Multi
        Infrastruktur (Persero)             6.116.646            6.584.176           11,47%              11,77%      Infrastruktur (Persero)
      PT Bank Tabungan Negara                                                                                       PT Bank Tabungan Negara
        (Persero) Tbk.                      3.912.996            4.274.804            7,34%               7,64%               (Persero)Tbk.
      PT Bank Syariah                                                                                                          PT Bank Syariah
        Indonesia (Persero) Tbk.            1.914.974            1.996.996            3,59%               3,57%   Indonesia (Persero) Tbk.
      PT Bank Negara                                                                                                            PT Bank Negara
        Indonesia (Persero) Tbk.            1.593.204            1.970.588            2,99%               3,52%   Indonesia (Persero) Tbk.
      PT Bank Rakyat                                                                                                            PT Bank Rakyat
        Indonesia (Persero) Tbk.               935.625           1.196.318            1,75%               2,14%   Indonesia (Persero) Tbk.
      PT Indonesia                                                                                                                  PT Indonesia
        Infrastructure Finance                 454.693            628.768             0,85%               1,12%      Infrastructure Finance
      Lembaga Pembiayaan                                                                                                 Lembaga Pembiayaan
        Ekspor Indonesia                               -          328.162             0,00%               0,59%           Ekspor Indonesia
      Jumlah                               21.724.508         24.392.431             40,73%              43,60%                          Total




                                                                     190
Page 660
                                                                             The original consolidated financial statements included herein
                                                                                                               are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


41. TRANSAKSI       DENGAN              PIHAK      BERELASI                 41. TRANSACTIONS          WITH     RELATED          PARTIES
    (lanjutan)                                                                  (continued)

  b. Saldo dengan Pihak Berelasi (lanjutan)                                    b. Balance with Related Parties (continued)

     Rincian akun signifikan dengan pihak-pihak                                    Details of significant accounts with related
     berelasi (pemerintah, entitas pemerintah atau                                 parties (the government, government entities, or
     dinyatakan lain) sebagai berikut: (lanjutan)                                  otherwise stated) are as follows: (continued)
                                                          Tahun yang Berakhir pada
                                                            Tanggal 31 Desember/
                                                          Year Ended December, 31

                                                                              Persentase dari Total
                                                 Pendapatan/                 Pendapatan/Percentage
                                                  Revenue                       of Total Revenue

                                           2025                2024              2025              2024

        Pendapatan (Catatan 32)                                                                                        Revenues (Note 32)
        PT Garuda Indonesia                                                                                           PT Garuda Indonesia
           (Persero) Tbk.                   2.012.406          1.936.078              9,49%            9,45%             (Persero) Tbk.
        PT Citilink Indonesia                 945.068          1.318.892              4,45%            6,44%           PT Citilink Indonesia
        PT Pelita Air Service                 375.977            345.553              1,77%            1,69%           PT Pelita Air Service
        PT Pertamina Patra Niaga              337.825            314.932              1,59%            1,54%     PT Pertamina Patra Niaga
        PT Integrasi Aviasi Solusi            324.154            263.953              1,53%            1,29%         Integrasi Aviasi Solusi
        PT Gapura Angkasa                     292.878            261.493              1,38%            1,28%            PT Gapura Angkasa
        PT IAS Hospitality Indonesia          161.509             95.723              0,76%            0,47% PT IAS Hospitality Indonesia
        PT Aerofood Indonesia                 139.042            131.341              0,66%            0,64%        PT Aerofood Indonesia
        PT Garuda Maintenance                                                                                     PT Garuda Maintenance
           Facility Aero Asia Tbk.              138.450          144.848              0,65%            0,71%    Facility Aero Asia Tbk.
        PT Bank Rakyat Indonesia                                                                                PT Bank Rakyat Indonesia
           (Persero) Tbk.                        87.837           68.270              0,41%            0,33%             (Persero) Tbk.
        PT Bank Mandiri                                                                                                    PT Bank Mandiri
           (Persero) Tbk.                        87.480           78.685              0,41%            0,38%             (Persero) Tbk.
        PT Bank Negara Indonesia                                                                                PT Bank Negara Indonesia
           (Persero) Tbk.                        83.520           78.924              0,39%            0,39%             (Persero) Tbk.
        PT IAS Property Indonesia                80.672                -              0,38%            0,00%    PT IAS Property Indonesia
        PT IAS Support Indonesia                 80.004           31.319              0,38%            0,15%     PT IAS Support Indonesia
        PT Purantara Mitra                                                                                               PT Purantara Mitra
           Angkasa Dua                           68.565           21.414              0,32%            0,10%              Angkasa Dua
        PT Kereta Commuter                                                                                             PT Kereta Commuter
           Indonesia                             41.448           14.464              0,20%            0,07%                 Indonesia
        PT Angkasa Pura Suport                   40.896           44.969              0,19%            0,22%      PT Angkasa Pura Suport
        Koperasi Karyawan                                                                                                Koperasi Karyawan
           Angkasa Pura                          32.974           10.526              0,16%            0,05%              Angkasa Pura
        Perusahaan Umum Lembaga                                                                               Perusahaan Umum Lembaga
           Penyelenggara Pelayanan                                                                           Penyelenggara Pelayanan
           Navigasi Penerbangan                                                                                 Navigasi Penerbangan
           Indonesia (LPPNPI)                    20.504           27.525              0,10%            0,13%      Indonesia (LPPNPI)
        Perusahaan Umum DAMRI                    13.579            3.325              0,06%            0,02%    Perusahaan Umum DAMRI
        PT Aviasi Pariwisata                                                                                           PT Aviasi Pariwisata
           Indonesia (Persero)                        -           13.612              0,00%            0,07%       Indonesia (Persero)
        PT Wijaya Karya                                                                                                    PT Wijaya Karya
           (Persero) Tbk.                             -          136.410              0,00%            0,67%             (Persero) Tbk.
        Lain-lain (dibawah 10 miliar)            76.929          491.981              0,36%            2,40%      Others (below 10 billion)

        Jumlah                              5.441.717          5.834.237             25,65%           28,47%                          Total




                                                                      191
Page 661
                                                                                              The original consolidated financial statements included herein
                                                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                       Unless Otherwise Stated)


42. INFORMASI SEGMEN OPERASI                                                             42. OPERATION SEGMENT OPERATION

  Informasi segmen operasi sebagai berikut:                                                     Operation segment information is as follows:
                                                          Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                    Year ended December 31, 2025

                                   Aeronautika/           Non-aeronautika/     Jumlah/            Eliminasi/       Konsolidasian/
                                   Aeronautical           Non-aeronautical      Total            Elimination       Consolidation

   PENDAPATAN USAHA                                                                                                                    OPERATING REVENUES
   Kantor Pusat                                -                  135.690          135.690               (2.011)          133.679                 Head Office
   Regional 1                          5.445.547                3.655.748        9.101.295             (134.856)        8.966.439                   Regional 1
   Regional 2                          3.428.995                2.371.156        5.800.151              (85.942)        5.714.209                   Regional 2
   Regional 3                            734.799                  439.008        1.173.807              (17.393)        1.156.414                   Regional 3
   Regional 4                          1.640.836                  644.030        2.284.866              (33.855)        2.251.011                   Regional 4
   Regional 5                            746.682                  314.937        1.061.619              (15.730)        1.045.889                   Regional 5
   Regional 6                            681.745                  301.236          982.981              (14.565)          968.416                   Regional 6
   Entitas anak                                                                                                                                    Subsidiary
   PT Angkasa Pura Aviasi                735.739                 256.689           992.428              (14.705)          977.723       PT Angkasa Pura Aviasi

   Jumlah pendapatan usaha            13.414.343                8.118.494       21.532.837             (319.057)       21.213.780      Total operating revenue

   BEBAN USAHA                                                                                                                         OPERATING EXPENSES
   Kantor Pusat                        2.060.939                1.198.282        3.259.221              (63.299)        3.195.922                 Head Office
   Regional 1                          3.111.590                1.809.157        4.920.747              (95.569)        4.825.178                   Regional 1
   Regional 2                          1.160.813                  674.926        1.835.739              (35.653)        1.800.086                   Regional 2
   Regional 3                            771.692                  448.681        1.220.373              (23.702)        1.196.671                   Regional 3
   Regional 4                          1.168.359                  679.314        1.847.673              (35.885)        1.811.788                   Regional 4
   Regional 5                            542.453                  315.396          857.849              (16.661)          841.188                   Regional 5
   Regional 6                            572.841                  333.064          905.905              (17.594)          888.311                   Regional 6
   Entitas anak                                                                                                                                    Subsidiary
   PT Angkasa Pura Aviasi                539.615                 313.746           853.361              (16.574)          836.787       PT Angkasa Pura Aviasi

   Jumlah beban usaha                  9.928.302                5.772.566       15.700.868             (304.937)       15.395.931     Total operating expenses

   LABA USAHA                          3.486.041                2.345.928        5.831.969              (14.120)        5.817.849         OPERATING PROFIT

   PENDAPATAN (BEBAN)                                                                                                                NON-OPERATING REVENUE
     NON-USAHA                                                                                                                                   (EXPENSE)
   Kantor Pusat                        3.471.115                2.018.191        5.489.306             365.612          5.854.918                  Head Office
   Regional 1                           (475.044)                (276.202)        (751.246)            (50.036)          (801.282)                  Regional 1
   Regional 2                           (191.287)                (111.219)        (302.506)            (20.148)          (322.654)                  Regional 2
   Regional 3                            (81.325)                 (47.284)        (128.609)              (8.566)         (137.175)                  Regional 3
   Regional 4                           (609.737)                (354.516)        (964.253)            (64.223)        (1.028.476)                  Regional 4
   Regional 5                           (149.957)                 (87.189)        (237.146)            (15.795)          (252.941)                  Regional 5
   Regional 6                           (118.944)                 (69.157)        (188.101)            (12.528)          (200.629)                  Regional 6
   Entitas anak                                                                                                                                    Subsidiary
   PT Angkasa Pura Aviasi                (90.168)                 (52.426)        (142.594)              (9.497)         (152.091)      PT Angkasa Pura Aviasi

   Jumlah beban                                                                                                                             Total non-operating
     non usaha                         1.754.653                1.020.198        2.774.851             184.819          2.959.670                    expense
   Laba entitas asosiasi                                                                                                                    Gain from associates
     dan ventura bersama                          -              254.381           254.381                     -          254.381           and joint ventures

   Laba sebelum pajak                  5.240.694                3.620.507        8.861.201             170.699          9.031.900                Profit before tax

   Pajak final                                 -                 (524.442)        (524.442)                    -         (524.442)              Final tax expense
   Pajak penghasilan badan, neto        (413.032)                (232.206)        (645.238)                    -         (645.238)    Corporate income taxes, net

   Laba tahun berjalan                 4.827.662                2.863.859        7.691.521             170.699          7.862.220              Profit for the year

   Laba diatribusikan
     kepada:                                                                                                                             Income attributable to:
   Pemilik entitas induk                              -                 -                -                     -        7.860.286       The owner of parent entity
   Kepentingan nonpengendali                          -                 -                -                     -            1.934         Non-controlling interest

   JUMLAH LABA                                                                                                                                  TOTAL PROFIT
     TAHUN BERJALAN                    4.827.662                2.863.859        7.691.521             170.699          7.862.220             FOR THE YEAR




                                                                                 192
Page 662
                                                                                     The original consolidated financial statements included herein
                                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                              PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                         As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                       for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)


42. INFORMASI SEGMEN OPERASI (lanjutan)                                          42. OPERATION                      SEGMENT            OPERATION
                                                                                     (continued)

  Informasi segmen operasi sebagai berikut: (lanjutan)                                 Operation segment information                is as follows:
                                                                                       (continued)
                                                            31 Desember/December 31, 2025

                                  Aeronautika/    Non-aeronautika/     Jumlah/           Eliminasi/        Konsolidasian/
                                  Aeronautical    Non-aeronautical      Total           Elimination        Consolidation


   ASET                                                                                                                                         ASSET
   Kantor Pusat                      13.610.991         7.915.331       21.526.322           (563.606)         20.962.716                   Head Office
   Regional 1                        16.032.424         9.321.656       25.354.080           (663.825)         24.690.255                     Regional 1
   Regional 2                         4.847.982         2.818.739        7.666.721           (200.732)          7.465.989                     Regional 2
   Regional 3                         4.457.150         2.591.500        7.048.650           (184.549)          6.864.101                     Regional 3
   Regional 4                        10.512.748         6.112.377       16.625.125           (435.282)         16.189.843                     Regional 4
   Regional 5                         4.277.114         2.486.822        6.763.936           (177.095)          6.586.841                     Regional 5
   Regional 6                         3.095.597         1.799.858        4.895.455           (128.174)          4.767.281                     Regional 6
   Entitas anak                                                                                                                              Subsidiary
   PT Angkasa Pura Aviasi             1.977.937         1.150.023        3.127.960            (81.897)          3.046.063         PT Angkasa Pura Aviasi

   Jumlah aset                       58.811.943        34.196.306       93.008.249          (2.435.160 )       90.573.089                    Total assets



   LIABILITAS                                                                                                                              LIABILITIES
   Kantor Pusat                       4.214.626         2.450.496        6.665.122           (345.846)          6.319.276                   Head Office
   Regional 1                         2.436.149         1.416.438        3.852.587           (199.907)          3.652.680                     Regional 1
   Regional 2                         2.585.231         1.503.119        4.088.350           (212.140)          3.876.210                     Regional 2
   Regional 3                         5.974.065         3.473.472        9.447.537           (490.223)          8.957.314                     Regional 3
   Regional 4                        10.885.942         6.329.361       17.215.303           (893.284)         16.322.019                     Regional 4
   Regional 5                         4.304.097         2.502.510        6.806.607           (353.188)          6.453.419                     Regional 5
   Regional 6                         3.258.506         1.894.577        5.153.083           (267.388)          4.885.695                     Regional 6
   Entitas anak                                                                                                                              Subsidiary
   PT Angkasa Pura Aviasi             1.910.812         1.110.994        3.021.806           (156.798)          2.865.008         PT Angkasa Pura Aviasi

   Jumlah liabilitas                 35.569.428        20.680.967       56.250.395          (2.918.774)        53.331.621                 Total liabilities



                                                  Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                            Year ended December 31, 2024

                                  Aeronautika/    Non-aeronautika/     Jumlah/           Eliminasi/        Konsolidasian/
                                  Aeronautical    Non-aeronautical      Total           Elimination        Consolidation

   PENDAPATAN USAHA                                                                                                            OPERATING REVENUES
   Kantor Pusat                               -           366.265          366.265            (12.359)            353.906                     Head Office
   Regional 1                         5.409.448         3.169.945        8.579.393           (289.483)          8.289.910                       Regional 1
   Regional 2                         3.173.552         2.090.693        5.264.245           (177.625)          5.086.620                       Regional 2
   Regional 3                           750.066           230.695          980.761            (33.093 )           947.668                       Regional 3
   Regional 4                         1.660.868           577.872        2.238.740            (75.539 )         2.163.201                       Regional 4
   Regional 5                           723.605           302.379        1.025.984            (34.618 )           991.366                       Regional 5
   Regional 6                           696.149           266.612          962.761            (32.485 )           930.276                       Regional 6
   Entitas anak                                                                                                                             Subsidiaries
   PT Angkasa Pura Aviasi               724.682          225.252           949.934            (32.052)            917.882         PT Angkasa Pura Aviasi
   PT IAS Property Indonesia                  -          347.732           347.732            (11.733)            335.999      PT IAS Property Indonesia
   PT Angkasa Pura Hotel                      -          475.781           475.781            (16.054)            459.727          PT Angkasa Pura Hotel
   PT IAS Hospitality Indonesia               -           14.965            14.965               (505 )            14.460     PT IAS Hospitality Indonesia

   Jumlah pendapatan usaha           13.138.370         8.068.191       21.206.561           (715.546)         20.491.015       Total operating revenue

   BEBAN USAHA                                                                                                                  OPERATING EXPENSES
   Kantor Pusat                       1.518.870           932.730        2.451.600           (101.105 )         2.350.495                     Head Office
   Regional 1                         2.814.134         1.728.142        4.542.276           (187.325 )         4.354.951                       Regional 1
   Regional 2                         1.016.584           624.278        1.640.862            (67.670 )         1.573.192                       Regional 2
   Regional 3                           822.635           505.175        1.327.810            (54.759 )         1.273.051                       Regional 3
   Regional 4                         1.130.233           694.069        1.824.302            (75.235 )         1.749.067                       Regional 4
   Regional 5                           499.736           306.885          806.621            (33.265 )           773.356                       Regional 5
   Regional 6                           543.557           333.795          877.352            (36.182 )           841.170                       Regional 6
   Entitas anak                                                                                                                             Subsidiaries
   Angkasa Pura Aviasi                  569.117          349.491           918.608            (37.884)            880.724         PT Angkasa Pura Aviasi
   IAS Property Indonesia                     -          445.626           445.626            (18.378)            427.248      PT IAS Property Indonesia
   Angkasa Pura Hotel                         -          292.812           292.812            (12.076 )           280.736          PT Angkasa Pura Hotel
   IAS Hospitality Indonesia                  -           12.089            12.089               (499 )            11.590     PT IAS Hospitality Indonesia

   Jumlah beban usaha                 8.914.866         6.225.092       15.139.958           (624.378)         14.515.580      Total operating expenses

   LABA USAHA                         4.223.504         1.843.099        6.066.603             (91.168)         5.975.435           OPERATING PROFIT




                                                                         193
Page 663
                                                                                               The original consolidated financial statements included herein
                                                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                        Unless Otherwise Stated)


42. INFORMASI SEGMEN OPERASI (lanjutan)                                                   42. OPERATION                       SEGMENT             OPERATION
                                                                                              (continued)
  Informasi segmen operasi sebagai berikut: (lanjutan)                                           Operation segment information                is as follows:
                                                                                                 (continued)
                                                          Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                    Year ended December 31, 2024

                                   Aeronautika/           Non-aeronautika/     Jumlah/             Eliminasi/       Konsolidasian/
                                   Aeronautical           Non-aeronautical      Total             Elimination       Consolidation

   LABA USAHA                          4.223.504                1.843.099        6.066.603               (91.168)        5.975.435            OPERATING PROFIT

   PENDAPATAN (BEBAN)                                                                                                                   NON-OPERATING REVENUE
     NON-USAHA                                                                                                                                        (EXPENSE)
   Kantor Pusat                       (1.027.809)                (631.171)       (1.658.980)             83.591          (1.575.389)                    Head Office
   Regional 1                            (10.152)                  (6.234)          (16.386)                826             (15.560)                      Regional 1
   Regional 2                           (187.136)                (114.919)         (302.055)             15.220            (286.835)                      Regional 2
   Regional 3                            (14.434)                  (8.864)          (23.298)              1.174             (22.124)                      Regional 3
   Regional 4                           (547.614)                (336.287)         (883.901)             44.537            (839.364)                      Regional 4
   Regional 5                           (141.095)                 (86.645)         (227.740)             11.475            (216.265)                      Regional 5
   Regional 6                           (107.683)                 (66.127)         (173.810)              8.758            (165.052)                      Regional 6
   Entitas anak                                                                                                                                       Subsidiaries
   PT Angkasa Pura Aviasi               (100.146)                 (61.499)        (161.645)                8.145          (153.500)         PT Angkasa Pura Aviasi
   PT Angkasa Pura Properti                    -                   (3.054)          (3.054)                  154            (2.900)      PT IAS Property Indonesia
   PT Angkasa Pura Hotel                       -                   (9.016)          (9.016)                  454            (8.562)          PT Angkasa Pura Hotel
   PT IAS Hospitality Indonesia                -                      396              396                   (20)              376      PT IAS Hospitality Indonesia

   Jumlah                             (2.136.069)              (1.323.420)       (3.459.489)            174.314          (3.285.175)            Total non-operating
     beban non usaha                                                                                                                                     expense
   Laba entitas asosiasi                                                                                                                        Gain from associates
      dan ventura bersama                         -              170.834           170.834                      -          170.834              and joint ventures

   Laba sebelum pajak                  2.087.435                 690.513         2.777.948               83.146          2.861.094                  Profit before tax

   Pajak final                                 -                 (295.863)         (295.863)                    -          (295.863)                Final tax expense
   Pajak penghasilan badan, neto      (1.095.621)                (672.814)       (1.768.435)                    -        (1.768.435)      Corporate income taxes, net

   Laba (rugi) tahun berjalan            991.814                 (278.164)         713.650               83.146            796.796          Profit (loss) for the year

   Laba (rugi) diatribusikan
     kepada:                                                                                                                                 Income attributable to:
   Pemilik entitas induk                              -                 -                 -                     -          855.896          The owner of parent entity
   Kepentingan nonpengendali                          -                 -                 -                     -          (59.100)           Non-controlling interest

   JUMLAH LABA (RUGI)                                                                                                                        TOTAL PROFIT (LOSS)
     TAHUN BERJALAN                      991.814                (278.164)          713.650               83.146            796.796              FOR THE YEAR



                                                                    31 Desember/December 31, 2024

                                   Aeronautika/           Non-aeronautika/     Jumlah/             Eliminasi/       Konsolidasian/
                                   Aeronautical           Non-aeronautical      Total             Elimination       Consolidation


   ASET                                                                                                                                                   ASSET
   Kantor Pusat                       14.745.705                8.805.529       23.551.234             (618.222)        22.933.012                    Head Office
   Regional 1                         11.854.495                7.279.772       19.134.267             (501.827)        18.632.440                     Regional 1
   Regional 2                          4.711.575                2.893.349        7.604.924             (199.451)         7.405.473                     Regional 2
   Regional 3                          4.484.063                2.753.635        7.237.698             (189.820)         7.047.878                     Regional 3
   Regional 4                         10.392.036                6.381.685       16.773.721             (439.918)        16.333.803                     Regional 4
   Regional 5                          3.791.223                2.328.167        6.119.390             (160.491)         5.958.899                     Regional 5
   Regional 6                          3.178.698                1.945.022        5.123.720             (134.561)         4.989.159                     Regional 6
   Entitas anak                                                                                                                                      Subsidiaries
   PT Angkasa Pura Aviasi              1.824.910                1.120.666        2.945.576              (77.252)         2.868.324          PT Angkasa Pura Aviasi

   Jumlah aset                        54.982.705               33.507.825       88.490.530           (2.321.542)        86.168.988                     Total assets



   LIABILITAS                                                                                                                                        LIABILITIES
   Kantor Pusat                       24.702.164               15.036.649       39.738.813           (1.776.965)        37.961.848                    Head Office
   Regional 1                          1.733.695                1.064.651        2.798.346             (125.245)         2.673.101                     Regional 1
   Regional 2                            740.955                  454.903        1.195.858              (53.523)         1.142.335                     Regional 2
   Regional 3                          5.732.739                3.520.439        9.253.178             (414.143)         8.839.035                     Regional 3
   Regional 4                            437.657                  268.698          706.355              (31.614)           674.741                     Regional 4
   Regional 5                            337.535                  207.199          544.734              (24.380)           520.354                     Regional 5
   Regional 6                            921.850                  566.082        1.487.932              (66.595)         1.421.337                     Regional 6
   Entitas anak                                                                                                                                      Subsidiaries
   PT Angkasa Pura Aviasi              1.761.572                1.081.771        2.843.343             (127.259)         2.716.084          PT Angkasa Pura Aviasi

   Jumlah liabilitas                  36.368.167               22.200.392       58.568.559           (2.619.724)        55.948.835                  Total liabilities




                                                                                 194
Page 664
                                                                   The original consolidated financial statements included herein
                                                                                                     are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                           PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING                                 43. SIGNIFICANT AGREEMENTS

  a) Perjanjian Konsesi       -   Direktorat   Jenderal              a) Concession Agreement - Directorate General of
     Perhubungan Udara                                                  Civil Aviation

     Perusahaan (dahulu AP1 dan AP2)                                     The Company (formerly AP1 dan AP2)

     Pada tanggal 15 Desember 2015, Perusahaan                           On December 15, 2015, the Company (formerly
     (dahulu AP1 dan AP2) mengadakan perjanjian                          AP1 and AP2) entered into an agreement with
     dengan DJPU mengenai pemberian konsesi                              DJPU regarding the concession to conduct airport
     untuk melakukan kegiatan pelayanan jasa                             services (“Concession Agreement”).
     kebandarudaraan (“Perjanjian Konsesi”).

     DJPU memberikan hak kepada Perusahaan                              DJPU granted the right to the Company (formerly
     (dahulu AP I dan AP II) melakukan kegiatan                         AP1 and AP2) to conduct the airport service
     pelayanan jasa kebandarudaraan termasuk                            activities including aircraft, passenger, freight and
     meliputi pelayanan sehubungan dengan jasa                          postal related services. Such services encompass
     pesawat udara, penumpang, barang, dan pos.                         the provision and/or development of:
     Layanan    tersebut    mencakup         penyediaan
     dan/atau pengembangan:
     - Fasilitas kegiatan pelayanan pendaratan,                         - Facilities for service activities for landing,
        lepas    landas, manuver, parkir,            dan                  takeoff, maneuvering, parking and storage of
        penyimpanan pesawat udara;                                        aircraft;
     - Fasilitas terminal untuk pelayanan angkutan                      - Terminal facilities for passenger transport
        penumpang, kargo, dan pos;                                        services, cargo, and mail;
     - Fasilitas elektronika, listrik, air, dan instalasi               - Electronic facilities, electricity, water, and waste
        limbah buangan; dan                                               disposal installations; and
     - Lahan untuk bangunan, lapangan, dan industri                     - Areas for the building, grounds, and industry as
        serta gedung atau bangunan yang digunakan                         well as buildings provided to support air
        untuk mendukung transportasi udara.                               transportation.

     Ketentuan-ketentuan penting dalam perjanjian                        Important provisions in the concession
     konsesi diantaranya sebagai berikut:                                agreement among others are as follows:
     - Perusahaan (dahulu AP1 dan AP2) diwajibkan                        - The Company (formerly AP1 and AP2) is
        untuk membayar pendapatan konsesi dari                             required to pay concession revenue of airport
        pelayanan jasa kebandarudaraan sebesar                             service activities amounting to 2.5% of total
        2,5% dari pendapatan pelayanan jasa                                revenue of airport service activities per year,
        kebandarudaraan per tahun, yang akan                               which will be evaluated every 5 (five) years;
        dievaluasi setiap 5 (lima) tahun;
     - Perjanjian      konsesi      berlaku    selama                    - The concession agreement is valid for
        2     (dua)     tahun,       terhitung   sejak                      2 (two) years, starting from date the
        ditandatanganinya         perjanjian,      dan                     concession agreement is signed, and extended
        diperpanjang selama 30 tahun sesuai                                for 30 years as agreed by DJPU and the
        kesepakatan DJPU dan Perusahaan (dahulu                            Company (formerly AP1 and AP2), after the
        AP1 dan AP2), setelah Perusahaan (dahulu                           Company (formerly AP1 and AP2) received
        AP1 dan AP2) mendapat persetujuan rapat                            approval from the shareholders general
                                                                           meeting.
        umum pemegang saham.

     Perjanjian konsesi tersebut tidak diperpanjang                     The concession agreement was not extended
     setelah jangka waktu 2 (dua) tahun berakhir.                       after the end of 2 (two) years period.

     Pada tanggal 5 September 2024, Perusahaan                          On September 5, 2024, the Company (formerly
     (dahulu AP1 dan AP2) menyepakati perjanjian                        AP1 and AP2) entered into an agreement
     tentang Pelayanan Jasa Kebandarudaraan pada                        regarding the Provision of Airport Services at
     Bandar Udara yang diselenggarakan oleh                             Airports operated by the Company (formerly AP1
     Perusahaan (dahulu AP1 dan AP2).                                   and AP2).




                                                            195
Page 665
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  a) Perjanjian Konsesi - Direktorat        Jenderal              a) Concession Agreement - Directorate General of
     Perhubungan Udara (lanjutan)                                    Civil Aviation (continued)
     Perusahaan (dahulu AP1 dan AP2) (lanjutan)                       The Company          (formerly    AP1     dan    AP2)
                                                                      (continued)

     Rincian pengenaan besaran biaya konsesi yang                    Details of the imposition of the amount of
     disepakati pada perjanjian tersebut adalah                      concession fees as agreed in the agreement are
     sebagai berikut:                                                as follows:
      - Terhitung sejak tanggal 15 Desember 2017                     - Starting from December 15, 2017 until June
         sampai dengan tanggal 30 Juni 2021 sebesar                      30, 2021 at 2.5% per year of gross revenue
         2,5% per tahun dari pendapatan kotor                            based on the Regulation of the Minister of
         berdasarkan       Peraturan        Menteri                      Transportation of the Republic of Indonesia
         Perhubungan RI No. PM 193 tahun 2015                            No. PM 193 of 2015 regarding Concessions
         tentang Konsesi dan Bentuk Kerjasama                            and Other Forms of Cooperation between
         Lainnya antara Pemerintah dengan Badan                          The Government and Airport Business
         Usaha Bandar Udara untuk Pelayanan Jasa                         Entities for Airport Services.
         Kebandarudaraan.
      - Terhitung sejak tanggal 1 Juli 2021 sampai                    -   Starting from July 1, 2021 until the end of the
         dengan berakhirnya masa konsesi ditetapkan                       concession period is set at 2.5% per year of
         sebesar 2,5% per tahun dari pendapatan                           gross revenue.
         kotor.
      - Terhadap besaran biaya konsesi sejak tahun                    -   Regarding the amount of concession fees
         2021, DJPU akan meminta reviu kepada                             since 2021, DJPU will request a review from
         Badan     Pengawasan     Keuangan      dan                       the Financial and Development Supervisory
         Pembangunan (“BPKP”) yang kemudian                               Agency (“BPKP”), which results will be used
         hasilnya akan dijadikan dasar untuk                              as the basis of making amendment to the
         dilakukan adendum perjanjian.                                    agreement.

     Perjanjian tersebut juga mengatur mengenai                       The agreement also regulates the period of
     periode pembayaran konsesi sebagai berikut:                      concession payments as follows:

                                                              Persyaratan Pembayaran/ Payment
                  Masa Konsesi/ Concession Period
                                                                           Requirements
                  15 Desember 2017 - 30 Juni 2021/            Dibayarkan paling lambat/ At the latest
                  Desember 15, 2017 - June 30, 2021             31 Desember/December 31, 2024
                    1 Juli 2021 - 31 Desember 2023/           Dibayarkan paling lambat/ At the latest
                   July 1, 2021 - Desember 31, 2023             30 Desember/December 30, 2025
                1 Januari 2024 dan sampai berakhirnya         Dibayarkan paling lambat/ At the latest
              jangka waktu konsesi/ January 1, 2024 and                  30 April/April 30
                   until the end of concession period            tahun berikutnya/in the next year

     Atas kewajiban periode 15 Desember 2017                         For the obligation covering the period from
     sampai dengan 30 Juni 2021, Perusahaan telah                    December 15, 2017, to June 30, 2021, the
     melakukan    pembayaran      pada    tanggal                    Company made a payment on December 23,
     23 Desember 2024 sebesar Rp710.033.                             2024, amounting to Rp710,033.

     Atas    pembayaran     tersebut,    Perusahaan                  Regarding the payment, the Company carried out
     melakukan verifikasi perhitungan biaya konsesi                  a verification of the concession cost calculation
     dengan DJPU pada tanggal 9 Januari 2025 yang                    with DJPU on January 9, 2025, which was agreed
     disepakati pada Berita Acara Verifikasi Konsesi                 upon in the Concession Verification Report No.
     No. HK.201/3/5/DRJU.KUM-2024 dan No. 0131                       HK.201/3/5/DRJU.KUM-2024 and No. 0131
     SP.DU.0131/HK.04.01/2024 untuk Perusahaan                       SP.DU.0131/HK.04.01/2024 for the Company
     (dahulu AP1) dan Berita Acara Verifikasi Konsesi                (formerly AP1), and Concession Verification
     No. HK. 201/3/6/DRJU.KUM-2024 dan No.                           Report No. HK.201/3/6/DRJU.KUM-2024 and No.
     PJJ.04.04/00/09/2024/0340 untuk Perusahaan                      PJJ.04.04/00/09/2024/0340 for the Company
     (dahulu AP2).                                                   (formerly AP2)


                                                        196
Page 666
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  a) Perjanjian Konsesi - Direktorat          Jenderal             a) Concession Agreement - Directorate General of
     Perhubungan Udara (lanjutan)                                     Civil Aviation (continued)

     Perusahaan (dahulu AP1 dan AP2) (lanjutan)                        The Company          (formerly    AP1     dan    AP2)
                                                                       (continued)

     Berdasarkan hasil verifikasi, terdapat selisih                   Based on the verification results, there is
     antara jumlah konsesi yang harus dibayarkan                      discrepancy between the amount of the
     dengan yang telah dibayarkan oleh Perusahaan                     concession that should be paid and what has
     sebesar Rp7.139 yang selanjutnya akan                            been paid by the Company, amounting to
     dikeluarkan  Surat    Tagihan    PNBP    dan                     Rp7,139. A PNBP Billing Letter will be issued, and
     Perusahaan akan melakukan pembayaran.                            the Company will proceed with the payment.

     Terhadap bandar udara yang dilaksanakan                          For airports operated under the State-Owned
     melalui skema Kerjasama Pemanfaatan (“KSP”)                      Asset (“BMN”) Cooperation Agreement (“KSP”)
     Barang Milik Negara (“BMN”), Perusahaan akan                     scheme, the Company will submit a review
     melakukan permohonan reviu kepada BPKP dan                       request to BPKP, and the results of the BPKP
     hasil reviu BPKP akan menjadi bahan                              review will serve as a consideration for
     pertimbangan terhadap pembayaran biaya                           determining the payment of airport concession
     konsesi jasa kebandarudaraan.                                    fees.

     Pada tanggal 7 Februari 2025, Perusahaan                          On February 7, 2025, the Company received a
     menerima surat dari DJPU terkait Tindak Lanjut                    letter from DJPU regarding the Follow-up on the
     terhadap Laporan Hasil Reviu atas Perhitungan                     Review Report of the Calculation of the Period
     Jangka Waktu dan Tarif Konsesi Pengusahaan                        and Tariff of the Concession for Airport Service by
     Pelayanan Jasa Kebandarudaraan Perusahaan.                        the Company.

     DJPU menyampaikan bahwa telah dilakukan                           DJPU stated that the review by BPKP has been
     reviu oleh BPKP atas perhitungan jangka waktu                     conducted on the calculation of the period and
     dan      tarif    konsesi     pelayanan       jasa                tariff of the airport service concession at the
     kebandarudaraan pada Perusahaan dengan                            Company with the following details:
     rincian sebagai berikut:
     1. Besaran fee konsesi Perusahaan (dahulu                        1. The concession fee for the Company (formerly
         AP1) dan Perusahaan (dahulu AP2) masing-                        AP1) and the Company (formerly AP 2) is set
         masing sebesar 2,19% dan 2,00% dari                             at 2.19% and 2.00% of gross revenue,
         pendapatan bruto dengan jangka waktu                            respectively, with a concession period of 38
         konsesi masing-masing 38 (tiga puluh                            (thirty eight) years and 39 (thirty nine) years,
         delapan) tahun dan 39 (tiga puluh sembilan)                     respectively.
         tahun.
     2. Setelah proses penggabungan Perusahaan,                        2. After the merger of the Company, BPKP
         BPKP melakukan remodeling perhitungan                            conducted a remodeling of the concession
         jangka waktu konsesi untuk Perusahaan                            period calculation for the Company, resulting in
         sehingga besaran fee menjadi sebesar 2,00%                       a fee of 2.00% of gross revenue with a
         dari pendapatan bruto dengan jangka waktu                        concession period of 38 years.
         konsesi 38 tahun.
     3. Terdapat hal yang perlu diperhatikan, yaitu                   3. There are important considerations, namely
         perlu mitigasi risiko terhadap perubahan                        the need for risk mitigation against changes
         (contohnya perubahan lingkungan dan kondisi                     (such as changes in the environment and
         perekonomian) selama masa konsesi yang                          economic conditions) during the concession
         dapat berpengaruh pada rencana bisnis,                          period that may impact the business plan,
         investasi, dan pola operasi bandar udara.                       investments, and airport operational patterns.
     4. Hasil reviu yang dimaksud direkomendasikan                    4. The results of the review are recommended by
         oleh BPKP agar digunakan sebagai salah satu                     BPKP to be used as one of the considerations
         bahan pertimbangan untuk pengambilan                            for decision-making in granting airport service
         keputusan dalam pemberian konsesi jasa                          concessions.
         kebandarudaraan.



                                                          197
Page 667
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  a) Perjanjian Konsesi - Direktorat         Jenderal            a) Concession Agreement - Directorate General of
     Perhubungan Udara (lanjutan)                                   Civil Aviation (continued)
     Perusahaan (dahulu AP1 dan AP2) (lanjutan)                      The Company          (formerly    AP1     dan    AP2)
                                                                     (continued)

     Pada tanggal 30 April 2025, Perusahaan telah                    On April 30, 2025, the Company agreed to amend
     menyepakati perubahan atas Perjanjian Konsesi,                  the Concession Agreement, as reflected in the
     yang dituangkan dalam Adendum Perjanjian                        Addendum to the Concession Agreement for
     Konsesi       tentang      Pelayanan     Jasa                   Airport Services Operations at the airport
     Kebandarudaraan pada Bandar Udara yang                          operated by PT Angkasa Pura Indonesia,
     diselenggarakan oleh PT Angkasa Pura                            pursuant         to       documents        No.
     Indonesia,     berdasarkan     dokumen    No.                   HK.201/1/24/DRJU.KUM-2025          and     No.
     HK.201/1/24/DRJU.KUM-2025          dan    No.                   PJJ.DU.0107/HK.04.2025, each dated April 30,
     PJJ.DU.0107/HK.04.2025, yang masing-masing                      2025. The details of the amendments are as
     bertanggal 30 April 2025. Rincian perubahan                     follows:
     tersebut adalah sebagai berikut:
         a) Masa konsesi berlaku sejak 15 Desember                   a) The concession period is effective from
            2017 hingga 31 Desember 2057.                               December 15, 2017, until December 31,
                                                                        2057.
        b) Tarif konsesi ditetapkan sebagai berikut:                 b) The concession fees are determined as
                                                                        follows:
              15 Desember 2017 - 30 Juni 2021:                          December 15, 2017 - June 30, 2021:
               2,5% dari pendapatan bruto;                                  2.5% of gross revenue;
            1 Juli 2021 - 31 Desember 2024: 2%                          July 1, 2021 - December 31, 2024: 2% of
               dari pendapatan bruto;                                       gross revenue;
            1 Januari 2025 hingga berakhirnya                           January 1, 2025 until the end of the
               masa konsesi: 1,12% per tahun.                               concession period: 1.12% per year.
        c) Pembayaran biaya konsesi untuk periode                    c) Concession             Fee          Payment
           1 Juli 2021 hingga 31 Desember 2023                          The concession fee payment for the period
           dilakukan oleh Perusahaan melalui                            July 1, 2021 to December 31, 2023 is carried
           mekanisme self-assessment, dimana                            out by the Company under a self-assessment
           Perusahaan secara mandiri membuat                            mechanism,        whereby    the    Company
           kode billing pada Sistem Pembayaran                          independently generates a billing code
           Penerimaan Negara Bukan Pajak (PNBP)                         through the Online Non-Tax State Revenue
           Online dan menyetorkan biaya konsesi                         (PNBP) Payment System and remits the
           tersebut ke Kas Negara. Seluruh                              concession fees to the State Treasury. All
           kewajiban pembayaran         berdasarkan                     payment obligations for this period must be
           periode tersebut harus diselesaikan paling                   settled no later than January 30, 2026.
           lambat pada 30 Januari 2026.

     Pada tanggal 30 April 2025, Perusahaan                         On April 30, 2025, the Company made a
     melakukan pembayaran beban konsesi untuk                       concession expense payment for the period of
     periode 1 Januari sampai dengan 31 Desember                    January 1 to December 31, 2024, amounting to
     2024 sebesar Rp256.057.                                        Rp256,057.

     Atas   pembayaran      tersebut,    Perusahaan                 Following this payment, the Company conducted
     melakukan verifikasi perhitungan biaya konsesi                 a verification of the concession cost calculation
     dengan DJPU pada tanggal 8 Mei 2025 yang                       with DJPU on May 8, 2025, as recorded in the
     disepakati pada Berita Acara Verifikasi Konsesi                Concession        Verification   Report      No.
     No.BA/03/VER-KONSESI/APINDO/SBU/V/2025,                        BA/03/VER-KONSESI/APINDO/SBU/V/2025,
     yang menyatakan bahwa Perusahaan lebih bayar                   which stated that the Company had overpaid
     Rp206.                                                         Rp206.

     Pada tanggal 26 Januari 2026, Perusahaan                       On January 26, 2026, the Company made a
     melakukan pembayaran beban konsesi untuk                       concession expense payment for the period of
     periode 1 Juli 2021 sampai dengan 31 Desember                  July 1, 2021 to December 31, 2023, amounting to
     2023 sebesar Rp411.929.                                        Rp411,929.

                                                        198
Page 668
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)
  a) Perjanjian Konsesi - Direktorat        Jenderal             a) Concession Agreement - Directorate General of
     Perhubungan Udara (lanjutan)                                   Civil Aviation (continued)
     Perusahaan (dahulu AP1 dan AP2) (lanjutan)                      The Company          (formerly    AP1     dan    AP2)
                                                                     (continued)

     Atas     pembayaran    tersebut,   Perusahaan                  For this payment, the Company conducted a
     melakukan verifikasi perhitungan biaya konsesi                 verification of the concession fee calculation with
     dengan DJPU pada 6 Februari 2026                               DJPU on February 6, 2026, as documented in
     sebagaimana tercantum dalam Berita Acara                       Concession         Verification    Report      No.
     Verifikasi            Konsesi             No.                  BA/01/VER-KONSESI/APINDO/DBU/II/2026 and
     BA/01/VER-KONSESI/APINDO/DBU/II/2026 dan                       BA/02/VER-KONSESI/APINDO/DBU/II/2026.
     BA/02/VER-KONSESI/APINDO/DBU/II/2026.                          The Report confirm that the Company’s
     Berita Acara tersebut menegaskan bahwa                         concession calculation and payment were
     perhitungan    dan     pembayaran      konsesi                 accurate and in compliance.
     Perusahaan telah sesuai.

     Pada tanggal 31 Desember 2025 dan 2024, saldo                   As of December 31, 2025 and 2024, the accrued
     beban akrual PNBP konsesi masing-masing                         expenses of PNBP concession amounting to
     sebesar Rp553.483 dan Rp775.333 (Catatan 21).                   Rp553,483 dan Rp775,333, respectively (Note
                                                                     21).
     AVI                                                             AVI

     Pada tanggal 7 Juli 2022, AVI dan DJPU telah                   On July 7, 2022, AVI and DJPU signed
     menandatangani Perjanjian Konsesi tentang                      Concession Agreement regarding The Operation
     Kegiatan     Pengusahaan       Bandar    Udara                 of Kualanamu International Airport by AVI for
     Internasional Kualanamu oleh AVI atas                          Airport Services. The agreement stipulates that
     Pelayanan Jasa Kebandarudaraan. Dalam                          AVI is obligated to pay concession fees to DJPU
     perjanjian ini disepakati bahwa AVI wajib                      amounting to 2.5% of the gross revenue for airport
     membayar biaya konsesi kepada DJPU sebesar                     services collected and obtained by AVI in that
     2,5% dari pendapatan kotor pelayanan jasa                      fiscal year based on the audited financial report
     kebandarudaraan yang dikumpulkan dan                           audited by a Public Accounting Firm's. The period
     diperoleh AVI berdasarkan laporan keuangan                     of this concession agreement is 25 years from the
     yang telah diaudit oleh Kantor Akuntan Publik.                 date of commercial operation.
     Periode jangka waktu perjanjian konsesi ini
     adalah 25 tahun sejak tanggal operasi komersial.

     Pada tanggal 3 Oktober 2022, AVI dan DJPU                      On October 3, 2022, AVI and DJPU signed
     telah menandatangani addendum I perjanjian                     amendment I of concession agreement which
     konsesi yang menyatakan bahwa jangka waktu                     stipulates that the concession agreement's
     perjanjian konsesi, besaran nilai konsesi dan                  duration, value, and payment will be reviewed by
     pembayaran konsesi akan dilakukan reviu oleh                   BPKP, and the results of the BPKP review will be
     BPKP dan hasil reviu BPKP sebagaimana                          used as the basis for amending the concession
     dimaksud akan digunakan sebagai dasar untuk                    agreement.
     melakukan addendum perjanjian konsesi.

     Pada tanggal 30 April 2025 dan 2024, AVI telah                 On April 30, 2025 and 2024, AVI made payments
     melakukan pembayaran sehubungan dengan                         related to the airport concession amounting to
     konsesi   kebandarudaraan      masing-masing                   Rp18,367 and Rp18,103, respectively.
     sebesar Rp18.367 dan Rp18.103.

     Pada tanggal 31 Desember 2025 dan 2024, AVI                    As of December 31, 2025 and 2024, AVI has
     telah mencatat beban akrual sehubungan dengan                  recorded an accrual expense related to the airport
     konsesi kebandarudaraan ini masing-masing                      concession amounting to Rp18,657 and
     sebesar Rp18.657 dan Rp12.714 (Catatan 21).                    Rp12,714 (Note 21).




                                                        199
Page 669
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  b) Perjanjian kerja sama pemanfaatan tanah milik              b) Cooperation agreements regarding utilization of
     Tentara Nasional Indonesia Angkatan Darat                     land owned by Indonesian Army (TNI AD) in
     (TNI AD) di Bandara Internasional Ahmad Yani                  Ahmad Yani International Airport

     Pada tanggal 17 Juni 2014, Perusahaan (dahulu                  On June 17, 2014 the Company (formerly AP1)
     AP1) dan TNI AD menandatangani perjanjian                      and TNI AD signed into cooperation agreement
     kerjasama pemanfaatan sebagian tanah Milik TNI                 utilization of some of the land owned by TNI AD
     AD di Bandara Internasional Ahmad Yani -                       in Ahmad Yani International Airport - Semarang
     Semarang dengan jangka waktu selama 30 (tiga                   for period of 30 (thirty) years from the signing of
     puluh) tahun terhitung sejak ditandatanganinya                 the agreement. This cooperation agreement has
     perjanjian. Perjanjian kerja sama ini mempunyai                the sole purpose to enable the development of
     maksud        dan       tujuan    melaksanakan                 facilities and infrastructure of Ahmad Yani
     pengembangan sarana dan prasarana Bandar                       International Airport in Semarang for civil aviation
     Udara International Ahmad Yani Semarang untuk                  and military aviation with the principles of the
     penerbangan sipil dan penerbangan militer                      corporation.
     dengan prinsip prinsip korporasi.

     Ruang lingkup kerjasama adalah :                               The scope of cooperation are :
     a. Pemanfaatan tanah milik TNI AD seluas                       a. The utilization of land owned by TNI AD area
        885.500     m2    dimana     tanah    seluas                   of 885,500 m2 where the land of 676,089 m2
        676.089 m akan digunakan untuk areal
                   2
                                                                       will be used for airport development area and
        pengembangan bandar udara dan tanah                            the land of 208,411 m2 will be used for
        seluas 208.411 m2 akan digunakan untuk                         recharge areas on the north side of the airport
        areal resapan pada sisi utara areal                            development area.
        pengembangan bandar udara.
     b. Pembayaran kontribusi kepada negara oleh                    b. Payment of contributions to the country by the
        Perusahaan (dahulu AP1) berupa kontribusi                      Company (formerly AP1) is in the form of fixed
        tetap dan pembagian keuntungan atas                            contributions and profit sharing on land use.
        pemanfaatan lahan.
     c. Aset yang diperoleh dari kerja sama                         c. Assets obtained from this utilization
        pemanfaatan ini akan diserahkan oleh                           cooperation will be handed over by the
        Perusahaan (dahulu AP1) kepada TNI AD                          Company (formerly AP1) to TNI AD after the
        setelah perjanjian berakhir yang dituangkan                    agreement ends which is stated in the report
        dalam berita acara serah terima.                               of handover.

     Sarana dan prasarana yang telah ada                            Facilities and infrastructure that have been
     sebelumnya maupun dibangun oleh Perusahaan                     previously established or built by the Company
     (dahulu AP1) akan diserahkan kepada TNI AD.                    (formerly AP1) will be handed over to TNI AD.




                                                       200
Page 670
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                     43. SIGNIFICANT AGREEMENTS (continued)

  b) Perjanjian kerja sama pemanfaatan tanah milik                  b) Cooperation agreements regarding utilization of
     Tentara Nasional Indonesia Angkatan Darat                         land owned by Indonesian Army (TNI AD) in
     (TNI AD) di Bandara Internasional Ahmad Yani                      Ahmad Yani International Airport (continued)
     (lanjutan)

     Perusahaan (dahulu AP1) dikenakan kontribusi                       The Company (formerly AP1) is subject to a fixed
     tetap kepada negara atas pemanfaatan tanah                         contribution for the utilization of the land owned
     milik TNI AD tersebut yakni sebesar 0,6% dari                      by TNI AD, which is 0.6% of the fair value of the
     nilai wajar tanah yang menjadi objek kerjasama                     land which is the object of the joint utilization or
     pemanfaatan atau sebesar 0,6% x Rp219.471                          0.6% x Rp219,471, which is equal to Rp1,317. It
     yakni Rp1.317. Dimana diasumsikan kenaikan                         is assumed that the increase in the value of land
     nilai tanah yang menjadi objek KSP sebesar                         which is the object of the KSP is 4.14% every
     4,14% setiap tahun. Selain itu juga terdapat                       year. In addition, there is also a profit sharing of
     pembagian keuntungan sebesar 12,29% dari arus                      12.29% of net cash flow from operating and
     kas bersih dari aktivitas operasi dan investasi per                investing activities per year.
     tahun.

     Sesuai Addendum atas Perjanjian Kerja Sama                         Pursuant to the Addendum to the Cooperation
     Pemanfaatan antara Tentara Nasional Indonesia                      Agreement for the Utilization of Assets between
     Angkatan Darat c.q. Komando Daerah Militer IV/                     the Indonesian National Army, represented by the
     Diponegoro dengan PT Angkasa Pura I No.                            Regional Military Command IV/Diponegoro, and
     PSM/56/VI/2024            dan             No.                      PT Angkasa Pura I, No. PSM/56/VI/2024 and No.
     ADD.DU.012/HK.04/2024/DU-B tanggal 14 Juni                         ADD.DU.012/HK.04/2024/DU-B dated June 14,
     2024 tentang Kerja Sama Pemanfaatan Sebagian                       2024, regarding the Cooperation for the
     Tanah Milik TNI AD di Bandara Jenderal Ahmad                       Utilization of a Portion of TNI AD Land at Jenderal
     Yani Semarang bahwa terdapat keringanan                            Ahmad Yani Airport Semarang, a relief on the
     pembayaran kontribusi tetap dengan faktor                          fixed contribution payment has been granted
     penyesuai sebesar 50% dari kewajiban                               through an adjustment factor of 50% of the fixed
     pembayaran kontribusi tetap tahun 2024 dan                         contribution obligation for the years 2024 and
     2025.                                                              2025.


     Besaran kontribusi tetap yang dibayarkan untuk                     The fixed contribution amounts paid for the period
     masa 31 Maret 2025 sampai dengan 30 Maret                          from March 31, 2025 to March 30, 2026 totaled
     2026 senilai Rp1.478 dan untuk masa 31 Maret                       Rp1,478, and for the period from March 31, 2024
     2024 sampai 30 Maret 2025 senilai Rp717. Selain                    to March 30, 2025 totaled Rp717. In addition, a
     itu juga terdapat pembagian keuntungan sebesar                     profit-sharing arrangement of 2.48% of annual net
     2,48% dari laba bersih per tahun.                                  income is also applied

     Bandara Ahmad Yani Semarang mencatatkan                           Ahmad Yani Semarang Airport recorded loss of
     kerugian masing-masing sebesar Rp153.056 dan                      Rp153,056 and Rp155,542 for the years ended
     Rp155.542 untuk tahun yang berakhir pada                          December 31, 2025 and 2024, respectively.
     tanggal 31 Desember 2025 dan 2024.




                                                           201
Page 671
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  c) Perjanjian kerja sama pemanfaatan tanah milik               c) Cooperation agreements utilization of land owned
     Tentara Nasional Indonesia Angkatan Laut                       by Indonesian Navy (TNI AL) Juanda
     (TNI AL) di Bandar Udara Internasional Juanda                  International Airport in Surabaya
     Surabaya

     Pada tanggal 13 Februari 2014, Perusahaan                       On February 13, 2014, the Company (formerly
     (dahulu AP1) dan TNI AL menandatangani                          AP1) and TNI AL signed into cooperation
     perjanjian kerjasama pemanfaatan tanah dan                      agreement regarding utilization of land facilities
     fasilitas milik TNI AL di Bandar Udara                          owned by TNI AL in International Airport Juanda
     Internasional Juanda Surabaya dengan jangka                     Surabaya for period of 30 (thirty) years from the
     waktu selama 30 (tiga puluh) tahun terhitung                    signing of the agreement. This cooperation
     sejak ditandatanganinya perjanjian. Perjanjian                  agreement intended to carry out the development
     kerjasama ini bertujuan untuk melaksanakan                      of Juanda International Airport Surabaya for the
     pengembangan Bandar Udara Internasional                         benefit of civil aviation and aviation of Indonesian
     Juanda      Surabaya    untuk     kepentingan                   Navy.
     penerbangan     sipil maupun     penerbangan
     TNI AL.

     Objek perjanjian kerjasama ini adalah tanah                     The object of this cooperation agreement is an
     seluas 3.143.352 m2 beserta fasilitas di atasnya                area of 3,143,352 m2 and the facilities on it owned
     milik TNI AL yang akan dimanfaatkan oleh                        by TNI AL which will be utilized by the Company
     Perusahaan (dahulu AP1).                                        (formerly AP1).

     Sarana dan prasarana yang telah ada                             Facilities and infrastructure that have been
     sebelumnya maupun dibangun oleh Perusahaan                      previously established or built by the Company
     (dahulu AP1) akan diserahkan kepada TNI AL.                     (formerly AP1) will be handed over to TNI AL. The
     Perusahaan        (dahulu     AP1)    diwajibkan                Company (formerly AP1) is required to pay fixed
     melaksanakan pembayaran kontribusi tetap dan                    contribution and profit sharing from land use and
     pembagian keuntungan atas pemanfaatan tanah                     its facilities from the results of the construction
     beserta fasilitasnya dari hasil pembangunan dan                 and development of airport terminal 2.
     pengembangan terminal 2 bandara.

  d) Perjanjian jasa konstruksi gedung terminal dan              d) Construction service agreements of terminal
     fasilitas penunjang Bandara Internasional Sultan               building and supporting facilities at Sultan
     Hasanuddin Makassar                                            Hasanuddin International Airport Makassar

     Pada tanggal 19 Maret 2019, Perusahaan                         On March 19, 2019, the Company (formerly AP1)
     (sebelumnya AP1) dan PT Wijaya Karya                           and PT Wijaya Karya (Persero) Tbk. entered into
     (Persero) Tbk. menandatangani perjanjian                       a service procurement agreement for the
     pengadaan jasa untuk pekerjaan konstruksi dan                  construction and development of the terminal
     pengembangan gedung terminal beserta fasilitas                 building and its supporting facilities at Sultan
     penunjangnya di Bandara Sultan Hasanuddin                      Hasanuddin Airport in Makassar, with a contract
     Makassar dengan nilai kontrak sebesar                          value of Rp2,666,419 (including VAT). The
     Rp2.666.419 (termasuk PPN). Jangka waktu                       contract period commenced on February 27, 2019
     perjanjian berlaku sejak 27 Februari 2019 sampai               and was initially valid until May 11, 2021, and
     dengan 11 Mei 2021, dan kemudian diperpanjang                  subsequently extended until October 24, 2022.
     hingga 24 Oktober 2022. Pada tanggal 30 April                  On April 30, 2025, a Report of Amendment to the
     2025, diterbitkan Berita Acara Perubahan Waktu                 Work Period was issued, revising the work
     Pekerjaan yang mengubah jangka waktu                           completion period to September 18, 2025. As of
     penyelesaian pekerjaan menjadi sampai dengan                   December 31, 2025, the asset has been
     18 September 2025. Pada tanggal 31 Desember                    capitalized as fixed assets (Note 15).
     2025, aset tersebut telah dikapitalisasi menjadi
     aset tetap (Catatan 15).




                                                        202
Page 672
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  e) Perjanjian kerjasama tentang Bangun Guna                     e) Cooperation agreement on Build Operate
     Serah (”BOT”) atas tanah seluas 12.000 m² di                    Transfer (”BOT”) on land covering an area of
     Sunset Road Bali antara Perusahaan (dahulu                      12,000 m² in Sunset Road Bali between the
     AP1) dengan IASP                                                Company (formerly AP1) and IASP

     Pada tanggal 19 September 2012, Perusahaan                      On September 19, 2012, the Company (formerly
     (dahulu AP1) dan PT Angkasa Pura Properti                       AP1) and PT Angkasa Pura Properti (“APP”)
     (“APP”) menandatangani perjanjian kerjasama                     signed     into      cooperation      agreement
     No.          SP/96.HK.06.03/2012/DU           dan               No. SP/96.HK.06.03/2012/DU                   and
     No. APP.001/PKS/2012/DU tentang Bangun                          No. APP.001/PKS/2012/DU regarding the Build
     Serah Guna (”BOT”) atas tanah seluas 12.000 m2                  Operate Transfer (”BOT”) on land of 12,000 m2 on
     di Sunset Road Bali dimana tanah milik                          Sunset Road Bali where the Company (formerly
     Perusahaan (dahulu AP1) akan diserahkan                         AP1)’s land will be handed over to APP to build
     kepada APP untuk dibangun kondotel dan                          condotels and supporting facilities which will be
     fasilitas penunjang yang selanjutnya dikelola dan               managed by APP. The period of the cooperation
     diusahakan oleh APP. Jangka waktu perjanjian                    agreement is 32 (thirty two) years with 6 (six)
     kerjasama adalah 32 (tiga puluh dua) tahun                      months of preparation with the compensation to
     dengan 6 (enam) bulan persiapan dengan                          be received by the Company (formerly AP1)
     kompensasi yang akan diterima Perusahaan                        amounting to Rp39,168.
     (dahulu AP1) adalah sebesar Rp39.168.

     Pada tanggal 30 Juli 2025, dilakukan Adendum                    On July 30, 2025, an Addendum to the
     Perjanjian Kerja Sama Tentang Bangun Guna                       Cooperation Agreement regarding the Build–
     Serah (“BOT”) atas tanah seluas 12.000 m2 di                    Operate-Transfer (“BOT”) arrangement for a land
     Sunset Road - Bali No. PJJ.DU.126/HK.04/2025                    area of 12,000 m² located on Sunset Road - Bali,
     dan No. IASP.020/ADD-PKS/2025/DU         yang                   No.     PJJ.DU.126/HK.04/2025       and     No.
     mengubah penyebutan PT Angkasa Pura I                           IASP.020/ADD-PKS/2025/DU, was executed.
     (Persero) Menjadi PT Angkasa Pura Indonesia                     The addendum amended the designation of PT
     dan mengubah penyebutan PT Angkasa Pura                         Angkasa Pura I (Persero) to PT Angkasa Pura
     Properti menjadi PT IAS Property Indonesia                      Indonesia and changed the designation of PT
     dan/atau “IASP”.                                                Angkasa Pura Properti to PT IAS Property
                                                                     Indonesia and/or ‘IASP’.

  f) Perjanjian Kerjasama Pemanfaatan Bandara                    f) Cooperation Agreement of Utilization of Sentani
     Sentani                                                        Airport

     Pada tanggal 13 Oktober 2019, Perusahaan                        On October 13, 2019, the Company (formerly
     (dahulu AP1) dan DJPU menandatangani                            AP1) and DJPU signed the Cooperation
     Perjanjian Kerja Sama Pemanfaatan BMN pada                      Agreement for the Utilization of BMN at Sentani
     Bandar Udara Kelas I Utama Sentani Jayapura                     Jayapura   Class     I     Main   Airport  No.
     No. HK.201/0027/KUM/BRJU/X/2019 dan No.                         HK.201/0027/KUM/BRJU/X/2019         and    No.
     SP.314/HK.09.01/2019/DU.                                        SP.314/HK.09.01/2019/DU.”
     Perjanjian ini berlaku selama 30 tahun sejak                    This agreement is valid for a period of 30 years
     ditandatanganinya perjanjian.                                   from the date of signing




                                                         203
Page 673
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  f) Perjanjian Kerjasama Pemanfaatan Bandara                  f) Cooperation Agreement of Utilization of Sentani
     Sentani (lanjutan)                                           Airport (continued)
     Ruang lingkup kerjasama tersebut adalah                       Scopes of the cooperation are as follows:
     sebagai berikut:
     - Mengelola dan melakukan optimalisasi                        - Manage and optimize provision and
       penyediaan dan pengembangan Bandar                            development of Sentani Airport Jayapura as
       Udara      Sentani      Jayapura   sehingga                   the result increases its role in developing
       meningkatkan perannya dalam mendukung                         economic activities.
       kegiatan perekonomian.
     - Memberikan kontribusi tetap dan pembagian                   - Provide permanent contribution and profit
       keuntungan atas pengelolaan Bandar Udara                      sharing for management of Sentani Airport
       Sentani Jayapura sebagai Penerimaan                           Jayapura as non-tax state revenue (PNBP).
       Negara Bukan Pajak (PNBP).
     - Penyerahan         hasil      pengembangan,                 - Hand over of the result of the development,
       pembangunan dan penambahan fasilitas                          construction, and addition facilities of Sentani
       Bandar Udara Sentani Jayapura dari                            Airport Jayapura from the Company (formerly
       Perusahaan (dahulu AP1) kepada DJPU.                          AP1) to DJPU.

     Perusahaan (dahulu AP1) dikenakan kontribusi                  The Company (formerly AP1) is subject to a fixed
     tetap tahun pertama sebesar Rp10.206.694.000                  contribution in first year amounted to
     (nilai penuh) dengan kenaikan sebesar 3,60%                   Rp10,206,694,000 (full amount) with an annual
     setiap tahun serta pembagian keuntungan                       increase of 3.60% as well as a profit sharing of
     sebesar 7,43% dari pendapatan per tahun apabila               7.43% of annual revenue if BMN as the KSP
     BMN yang menjadi objek KSP telah                              object has made a profit.
     menghasilkan keuntungan.

     Pada tanggal 28 Juli 2021, Perusahaan (dahulu                 On July 28, 2021, the Company (formerly AP1)
     AP1) menerima Surat Menteri Keuangan                          received a letter from the Minister of Finance,
     No.S-307/MK.6/2021       yang      menyetujui                 No. S-307/MK.6/2021, approving the request for
     permohonan untuk pemberian keringanan biaya                   a reduction on the contribution fees that the
     kontribusi yang harus dibagikan Perusahaan                    Company (formerly AP1) must distribute for the
     (dahulu AP1) atas KSP bandara Sentani -                       Sentani Airport - Jayapura for 50% for the years
     Jayapura sebesar 50% untuk tahun 2022 dan                     2022 and 2023.
     2023.

     Pada tanggal 27 Maret 2025, Perusahaan dan                    On March 27, 2025, the Company and DJPU
     DJPU menandatangani Adendum Perjanjian                        signed an Addendum to the Cooperation
     Kerja Sama Tentang Kerja Sama Pemanfaatan                     Agreement regarding the Utilization Cooperation
     BMN Kelas I Utama Sentani Jayapura                            of BMN for Sentani Jayapura Class I Main Airport,
     No. HK.201/1/16/DRJU.KUM-2025             dan                 Agreement No. HK.201/1/16/DRJU.KUM-2025
     No. PJJ.DU.0103/HK.04/2025, dengan pokok                      and No. PJJ.DU.0103/HK.04/2025, with the
     perubahan :                                                   following key amendments:
        a) Nilai wajar objek BMN yang sebelumnya                       a) The fair value of BMN decreased from
           Rp6.804.462 menjadi Rp5.564.370;                               Rp6,804,462 to Rp5,564,370;
        b) Nilai   total   kontribusi tetap   yang                     b) The total fixed contribution value
           sebelumnya 536.026 menjadi 194.191;                            decreased from Rp536,026 to Rp194,191;
        c) Besaran asumsi nilai investasi yang                         c) The assumed investment value increased
           sebelumnya       Rp1.674.289     menjadi                       from Rp1,674,289 to Rp1,697,431;
           Rp1.697.431;
        d) Pembagian keuntungan yang sebelumnya                        d) The profit-sharing percentage increased
           7,43% dari pendapatan menjadi sebesar                          from 7.43% of revenue to 9.63% of
           9,63% dari pendapatan.                                         revenue.




                                                       204
Page 674
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  f) Perjanjian Kerjasama Pemanfaatan Bandara                     f) Cooperation Agreement of Utilization of Sentani
     Sentani (lanjutan)                                              Airport (continued)

     Bandara Sentani mencatatkan keuntungan                          Sentani Airport recorded profit of Rp23,069 and
     masing-masing sebesar Rp23.069 dan Rp3.711                      Rp3,711, respectively for the years ended
     untuk tahun yang berakhir pada tanggal 31                       December 31, 2025 and 2024.
     Desember 2025 dan 2024.

     Untuk tahun yang berakhir pada tanggal                          For the year ending December 31, 2025, the
     31 Desember 2025, Perusahaan melakukan                          Company accrued profit sharing to DJPU
     akrual pembagian keuntungan ke DJPU sebesar                     amounting to Rp12,931.
     Rp12.931.

     Untuk tahun yang berakhir pada tanggal                           For the year ending December 31, 2024, the
     31 Desember 2024, Perusahaan melakukan                          Company accrued profit sharing to DJPU
     akrual pembagian keuntungan ke DJPU sebesar                     amounting to Rp9,519, resulting in a recorded
     Rp9.519, sehingga membukukan kerugian                           loss of Rp5,808.
     sebesar Rp5.808.

     Pada tanggal 30 April 2025 dan 15 Maret 2024                    As of April 30 2025 and March 15 2024, the
     Perusahaan telah melakukan pembayaran                           Company has made fixed contribution payments
     kontribusi tetap tahun kelima dan keempat                       for the fifth and fourth years amounting to
     masing-masing sebesar Rp4.364 dan Rp11.760.                     Rp4,364 and Rp11,760, respectively.

  g) Perjanjian Kerjasama Pemanfaatan Bandara                    g) Cooperation       Agreement       of    Utilization    of
     Banyuwangi                                                     Banyuwangi

     Pada tanggal 30 Agustus 2018, Perusahaan                        On August 30, 2018, the Company (formerly AP2)
     (dahulu AP2) dan Pemerintah Kabupaten                           and the Regency Government of Banyuwangi
     Banyuwangi menandatangani Perjanjian Kerja                      signed a Cooperation Agreement for the
     Sama Pemanfaatan (KSP) Tanah dan Bangunan                       Utilization (Kerja Sama Pemanfaatan or KSP) of
     untuk     Kegiatan   Pengusahaan        dan/atau                Land and Buildings for the Operation and/or
     Pengembangan Bandar Udara Banyuwangi                            Development of Banyuwangi Airport under
     No. 188/524/429.012/2018          dan        No.                Agreement No. 188/524/429.012/2018 and No.
     PJJ.04.04/00/08/2018/0754.      Perjanjian    ini               PJJ.04.04/00/08/2018/0754. This agreement is
     berlaku selama 30 tahun sejak ditandatanganinya                 valid for a period of 30 years from the date of
     perjanjian.                                                     signing.

     Ruang lingkup kerjasama tersebut adalah                         Scopes of the cooperation are as follows:
      sebagai berikut:
     - Memanfaatkan tanah dan bangunan dengan                        - Utilize land and building with known situation
        situasi dan kondisi yang telah diketahui untuk                 and condition for commercial activities and/or
        kegiatan        pengusahaan          dan/atau                  development of Banyuwangi Airport.
        pengembangan Bandar Udara Banyuwangi.
     - Memberikan kontribusi tetap dan pembagian                     - Provide fixed contribution and profit sharing for
        keuntungan atas pengelolaan Bandar Udara                       management of Banyuwangi Airport.
        Banyuwangi.
     - Rencana pemanfaatan tanah dan/atau                            - Planning for land and/or building utilization is
        bangunan adalah khusus untuk kegiatan                          specific for commercial activities and/or
        pengusahaaan dan/atau pengembangan                             development of Banyuwangi Airport
        Bandar Udara Banyuwangi.
      - Tanah dan/atau bangunan yang menjadi objek                   - Land and/or building that become objects of
        KSP tidak boleh dijaminkan dan/atau dibebani                   KSP should not be guaranteed and/or
        hak tanggungan dalam bentuk apapun kepada                      burdened with dependent rights of any kind to
        pihak lain.                                                    other parties.



                                                         205
Page 675
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  g) Perjanjian Kerjasama Pemanfaatan Bandara                   g) Cooperation Agreement             of    Utilization    of
     Banyuwangi (lanjutan)                                         Banyuwangi (continued)

     Pada tanggal 13 Maret 2023, Perusahaan (dahulu                 On March 13, 2023, the Company (formerly AP2)
     AP2) dan Pemerintah Kabupaten Banyuwangi                       and the Regency Government of Banyuwangi
     menandatangani Addendum Akta Perjanjian No.                    signed Addendum Deed No. 201 and Cooperation
     201    dan    Perjanjian   Kerja   Sama No.                    Agreement No. 134.4/229/PKS/429.012/2023 and
     134.4/229/PKS/429.012/2023                  dan                No. PJJ.04.04/00/03/2023/0032, under which
     No. PJJ.04.04/00/03/2023/0032 dimana kedua                     both parties agreed to the following matters:
     belah pihak menyepakati hal-hal sebagai berikut:
     - Definisi untuk Laporan Keuangan yang                         -   The definition of an Audited Financial Report
        Audited adalah laporan keuangan perusahaan                      is a company's financial statement that has
        yang telah diaudit dan memperoleh                               been audited and received an opinion from a
        opini/pendapat dari Kantor Akuntan Publik                       Public Accountant's Office (KAP) appointed by
        (KAP) yang ditunjuk oleh Perusahaan (dahulu                     the Company (formerly AP2).
        AP2).
     - Perusahaan (dahulu AP2) dapat mengajukan                     -   The Company (formerly AP2) may apply for
        keringanan pembayaran atas besaran                              payment relief on the amount of Fixed
        Kontribusi Tetap sesuai dengan ketentuan                        Contributions in accordance with applicable
        perundang-undangan yang berlaku dan                             laws and regulations, as recorded in a report
        dituangkan dalam berita acara yang                              signed by the parties.
        ditandatangani para pihak.
     - Dalam       hal    pelaksanaan     pembagian                 -   In the case of profit-sharing implementation
        keuntungan berdasarkan pendapatan usaha                         based on business income obtained, this
        yang diperoleh maka pendapatan tersebut                         income is calculated based on the Audited
        diperhitungkan dari Laporan Keuangan yang                       Financial Report, which must be submitted
        di audit yang wajib disampaikan setiap                          every year.
        tahunnya.
     - Pembayaran         pembagian      keuntungan                 -   Profit distribution payments are made annually
        dilakukan setiap 1 (satu) tahun sekali dan                      and must be paid no later than May of the
        dibayarkan selambat-lambatnya pada bulan                        following year.
        Mei tahun berikutnya.
     - Perusahaan (dahulu AP2) dapat mengajukan                     -   The Company (formerly AP2) may apply for
        keringanan       pembayaran       pembagian                     relief on     profit-sharing payments in
        keuntungan sesuai dengan ketentuan                              accordance with applicable regulatory
        peraturan perundang-undangan yang berlaku                       provisions, as recorded in a report signed by
        dan dituangkan dalam berita acara yang                          the parties.
        ditandatangani para pihak.
     - Bencana alam dan/atau bencana non alam                       -   Natural disasters and/or non-natural disasters,
        serta peristiwa lain di luar kekuasaan para                     as well as other events beyond the control of
        pihak untuk mengatasinya merupakan hal-hal                      the parties to resolve, are considered as Force
        yang termasuk sebagai Force Majeure.                            Majeure.

     Bandara Banyuwangi mencatatkan kerugian                        Banyuwangi Airport recorded loss of Rp52,410
     masing-masing sebesar Rp52.410 dan Rp38.559                    and Rp38,559 for the years ended December 31,
     untuk tahun yang berakhir pada tanggal 31                      2025 and 2024, respectively.
     Desember 2025 dan 2024.

     Pada tanggal 31 Januari 2025 dan 25 Maret 2024,                As of January 31, 2025 and March 25, 2024, the
     Perusahaan telah melakukan pembayaran                          Company has made fixed contribution payments
     kontribusi tetap masing-masing sebesar Rp1.207                 amounting to Rp1,207 and Rp1,150, respectively.
     dan Rp1.150.




                                                        206
Page 676
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  h) Perjanjian Kerjasama Pemanfaatan Bandara                  h) Cooperation Agreement of Utilization of Tjilik
     Tjilik Riwut                                                 Riwut Airport

     Pada tanggal 19 Desember 2018, Perusahaan                     On December 19, 2018, the Company (formerly
     (dahulu AP2) dan DJPU menandatangani                          AP2) and DJPU signed Cooperation Agreement of
     Perjanjian Kerja Sama Pemanfaatan Barang Milik                State Property Utilization of Organizing Unit Tjilik
     Negara Pada Unit Penyelenggara Bandar Udara                   Riwut       Airport     (UPBU)       Palangkaraya
     (UPBU)       Tjilik    Riwut       Palangkaraya               No. AU.2136/KUM/DJU/XII/2018                   and
     No. AU.2136/KUM/DJU/XII/2018                dan               No. PJJ.04.04/00/12/2018/1246. This agreement
     No. PJJ.04.04/00/12/2018/1246. Perjanjian ini                 is effective for 30 years from signing date of the
     berlaku selama 30 tahun sejak ditandatanganinya               agreement.
     perjanjian.

     Ruang lingkup kerjasama tersebut adalah                       Scopes of the cooperation are as follows:
      sebagai berikut:
     - Mengelola dan melakukan optimalisasi                        - To Manage and optimize the provision and
        penyediaan dan pengembangan Bandar                           development of Tjilik Riwut Airport -
        Udara Tjilik Riwut - Palangkaraya sehingga                   Palangkaraya in order to enhance its role in
        meningkatkan perannya dalam mendukung                        supporting economic activities.
        kegiatan perekonomian.
     - Memberikan kontribusi tetap dan pembagian                   - Provide fixed contribution and profit sharing for
        keuntungan atas pengelolaan Bandar Udara                     management       of    Tjilik  Riwut     Airport
        Tjilik Riwut Palangkaraya sebagai Penerimaan                 Palangkaraya as non-tax state revenue
        Negara Bukan Pajak (PNBP)                                    (PNBP).
     - Penyerahan          hasil      pengembangan,
        pembangunan dan penambahan fasilitas                       - Hand over of the result of the development,
        Bandar Udara Tjilik Riwut Palangkaraya dari                  construction and addition facilities of Tjilik
        Perusahaan (dahulu AP2) kepada DJPU.                         Riwut Palangkaraya Airport from the Company
                                                                     (formerly AP2) to DJPU.

     Pada tanggal 27 Maret 2025, Perusahaan dan                    On March 27, 2025, the Company and DJPU
     DJPU menandatangani Adendum Perjanjian                        signed an Addendum to the Cooperation
     Kerja sama Pemanfaatan (KSP) BMN Pada Unit                    Agreement on the Utilization Cooperation (KSP)
     Penyelenggara Bandar Udara (UPBU) Tjilik Riwut                of BMN at the Tjilik Riwut Airport Palangkaraya
     Palangkaraya No. HK.201/1/17/DRJU.KUM-2025                    Operating Unit (UPBU), Agreement No.
     dan    No. PJJ.DU.0104/HK.04/2025,     dengan                 HK.201/1/17/DRJU.KUM-2025          and      No.
     pokok perubahan:                                              PJJ.DU.0104/HK.04/2025, with the following key
                                                                   amendments:
        a) Nilai wajar objek BMN yang sebelumnya                       a) The fair value of BMN decreased from
           Rp3.680.306 menjadi Rp2.462.545;                               Rp3,680,306 to Rp2,462,545;
        b) Nilai   total   kontribusi  tetap   yang                    b) The total fixed contribution value
           sebelumnya        Rp606.065       menjadi                      decreased from Rp606,065 to Rp207,615;
           Rp207.615;
        c) Pembagian keuntungan yang sebelumnya                        c) The profit-sharing rate increased from
           3,7% dari pendapatan menjadi sebesar                           3.7% of revenue to 10% of net profit.
           10% dari laba bersih.

     Bandara Tjilik Riwut mencatatkan kerugian                     Tjilik Riwut Airport recorded loss of Rp16,160 and
     masing-masing sebesar Rp16.160 dan Rp35.902                   Rp35,902 for the years ended December 31,
     untuk tahun yang berakhir pada tanggal                        2025 and 2024, respectively.
     31 Desember 2025 dan 2024.




                                                       207
Page 677
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)
  h) Perjanjian Kerjasama Pemanfaatan Bandara                     h) Cooperation Agreement of Utilization of Tjilik
     Tjilik Riwut (lanjutan)                                         Riwut Airport (continued)
       Pada tanggal 30 April 2025 dan 19 Februari 2024,                As of April 30, 2025 and February 19, 2024, the
       Perusahaan telah melakukan pembayaran                           Company has made fixed contribution payments
       kontribusi tetap masing-masing sebesar Rp3.290                  amounting     to   Rp3,290    and    Rp11,715,
       dan Rp11.715.                                                   respectively.
  i)   Perjanjian Kerjasama Pemanfaatan Bandara                   i)   Cooperation Agreement of Utilization of Radin
       Kelas I Radin Inten II Lampung                                  Inten II Class I Airport Lampung
       Pada tanggal 12 Oktober 2019, Perusahaan                        On October 12, 2019, the Company (formerly
       (dahulu AP2) dan DJPU menandatangani                            AP2) and DJPU signed the Cooperation
       Perjanjian Kerja Sama Pemanfaatan (KSP) BMN                     Agreement for the Utilization (KSP) of BMN at
       pada Bandar Udara Kelas I Radin Inten II                        Radin Inten II Lampung Class I Airport No.
       Lampung No. HK.201/0030/KUM/DRJU/X/2019                         HK.201/0030/KUM/DRJU/X/2019        and    No.
       dan No. PJJ.04.04.01/00/10/2019/0917.                           PJJ.04.04.01/00/10/2019/0917.
       Perjanjian ini berlaku selama 30 tahun sejak                    This agreement is effective for 30 years start from
       tanggal 1 Januari 2020 hingga 31 Desember                       January 1, 2020 to December 31, 2049.
       2049.
       Ruang lingkup kerjasama tersebut adalah                         Scopes of the cooperation are as follows:
       sebagai berikut :
       - Mengelola dan melakukan optimalisasi                          - Manage and optimize provision and
         penyediaan dan pengembangan Bandar                              development of Radin Inten II Class I Airport
         Udara Kelas I Radin Inten II Lampung                            Lampung as the result increase its role in
         sehingga meningkatkan perannya dalam                            developing the economy activities.
         mendukung kegiatan perekonomian.
       - Memberikan kontribusi tetap dan pembagian                     - Provide fixed contribution and profit sharing for
         keuntungan atas pengelolaan Bandar Udara                        management of Radin Inten II Class I Airport
         Kelas I Radin Inten II Lampung.                                 Lampung.
       - Penyerahan         hasil     pengembangan,                    - Hand over of the result of the development,
         pembangunan dan penambahan fasilitas                            construction and addition facilities of Radin
         Bandar Udara Kelas I Radin Inten II Lampung                     Inten II Class I Airport Lampung from the
         dari Perusahaan kepada DJPU.                                    Company to DJPU.
       Pada tanggal 10 Februari 2026, Perusahaan dan                   On February 10, 2026, the Company and the
       DJPU menandatangani Adendum Perjanjian                          Directorate General of Civil Aviation (DJPU)
       Kerja sama Pemanfaatan (KSP) BMN pada                           signed an Addendum to the Cooperation
       Bandar Udara Kelas I Radin Inten II Lampung                     Agreement for the Utilization (KSP) of BMN at
       No. HK.201/1/5/DRJU.HKS-2026              dan                   Radin Inten II Class I Airport, Lampung, No.
       No. PJJ.DU.00009/HK.04/2026, dengan pokok                       HK.201/1/5/DRJU.HKS-2026           and    No.
       perubahan:                                                      PJJ.DU.00009/HK.04/2026,      with    the key
                                                                       amendments as follows:
          a) Nilai wajar objek BMN yang sebelumnya                         a) The fair value of BMN decreased from
             Rp1.926.775 menjadi Rp1.189.570;                                 Rp1,926,775 to Rp1,189,570;
          b) Besaran asumsi nilai investasi yang                           b) The assumed investment value decreased
             sebelumnya        Rp467.651       menjadi                        from Rp467,651 to Rp466,073;
             Rp466.073;
          c) Nilai   total   kontribusi  tetap   yang                      c) The total fixed contribution value
             sebelumnya        Rp451.855       menjadi                        increased from Rp451,855 to Rp109,478;
             Rp 109.478;
          d) Pembagian keuntungan yang sebelumnya                          d) The profit-sharing rate decreased from
             10,26% dari pendapatan menjadi sebesar                           10.26% of revenue to 2.57% of revenue.
             2,57% dari pendapatan.




                                                          208
Page 678
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  i)   Perjanjian Kerjasama Pemanfaatan Bandara                 i)   Cooperation Agreement of Utilization of Radin
       Kelas I Radin Inten II Lampung (lanjutan)                     Inten II Class I Airport Lampung (continued)

       Bandara Radin Inten II mencatatkan kerugian                   Radin Inten II Airport recorded loss of Rp11,642
       masing-masing sebesar Rp11.642 dan Rp8.750                    and Rp8,750 for the years ended December 31,
       untuk tahun yang berakhir pada tanggal 31                     2025, and 2024, respectively.
       Desember 2025 dan 2024.

       Pada tanggal 27 Maret 2025 dan 19 Februari                    As of March 27, 2025 and February 19, 2024, the
       2024, Perusahaan telah melakukan pembayaran                   Company has made fixed contribution payments
       kontribusi tetap masing-masing sebesar Rp8.266                amounting to 8,266 and Rp7,844, respectively.
       dan Rp7.844.

  j)   Perjanjian Kerjasama Pemanfaatan Bandara                 j)   Cooperation Agreement of Utilization of H.A.S.
       Kelas I H.A.S. Hanandjoeddin Tanjung Pandan                   Hanandjoeddin Class I Airport Tanjung Pandan
       dan Bandara Kelas I Fatmawati Soekarno                        and Fatmawati Soekarno Class I Airport
       Bengkulu                                                      Bengkulu

       Pada tanggal 13 Oktober 2019, Perusahaan                      On October 13, 2019, the Company (formerly
       (dahulu AP2) dan DJPU menandatangani                          AP2) and DJPU signed the Cooperation
       Perjanjian Kerja Sama Pemanfaatan (KSP) BMN                   Agreement for the Utilization (KSP) of BMN at
       pada     Bandar    Udara   Kelas   I  H.A.S.                  H.A.S. Hanandjoeddin Tanjung Pandan Class I
       Hanandjoeddin          Tanjung       Pandan                   Airport No. HK.201/0029/KUM/DRJU/X/2019 and
       No. HK.201/0029/KUM/DRJU/X/2019          dan                  No. PJJ.04.04.01/00/10/2019/0918, as well as at
       No. PJJ.04.04.01/00/10/2019/0918 dan Bandar                   Fatmawati Soekarno Bengkulu Class I Airport No.
       Udara Kelas I Fatmawati Soekarno Bengkulu                     HK.201/0028/KUM/DRJU/X/2019        and      No.
       No. HK.201/0028/KUM/DRJU/X/2019          dan                  PJJ.04.04.01/00/10/2019/0919.
       No. PJJ.04.04.01/00/10/2019/0919.

       Perjanjian ini berlaku selama 30 tahun sejak                  This agreement is effective for 30 years start from
       tanggal 1 Januari 2020 hingga 31 Desember                     January 1, 2020 to December 31, 2049.
       2049.

       Ruang lingkup kerjasama tersebut adalah                       Scopes of the cooperation are as follows:
       sebagai berikut:
       - Mengelola dan melakukan optimalisasi                        - Manage and optimize provision and
         penyediaan dan pengembangan Bandar                            development of H.A.S. Hanandjoeddin Class I
         Udara Kelas I H.A.S. Hanandjoeddin Tanjung                    Airport Tanjung Pandan and Fatmawati
         Pandan dan Bandar Udara Kelas I Fatmawati                     Soekarno Class I Airport Bengkulu to increase
         Soekarno Bengkulu sehingga meningkatkan                       its role in developing the economy activities.
         perannya      dalam   mendukung    kegiatan
         perekonomian.                                               - Provide fixed contribution and profit sharing for
       - Memberikan kontribusi tetap dan pembagian                     management of H.A.S. Hanandjoeddin Class I
         keuntungan atas pengelolaan Bandar Udara                      Airport Tanjung Pandan and Fatmawati
         Kelas I H.A.S. Hanandjoeddin Tanjung                          Soekarno Class I Airport Bengkulu.
         Pandan dan Bandar Udara Kelas I Fatmawati
         Soekarno Bengkulu.                                          - Hand over of the result of the development,
       - Penyerahan         hasil    pengembangan,                     construction and addition facilities of H.A.S.
         pembangunan dan penambahan fasilitas                          Hanandjoeddin Class I Airport Tanjung
         Bandar Udara Kelas I H.A.S. Hanandjoeddin                     Pandan and Fatmawati Soekarno Class I
         Tanjung Pandan dan Bandar Udara Kelas I                       Airport Bengkulu from the Company to DJPU.
         Fatmawati      Soekarno   Bengkulu     oleh
         Perusahaan kepada DJPU.




                                                        209
Page 679
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  j)   Perjanjian Kerjasama Pemanfaatan Bandara                 j)   Cooperation Agreement of Utilization of H.A.S.
       Kelas I H.A.S. Hanandjoeddin Tanjung Pandan                   Hanandjoeddin Class I Airport Tanjung Pandan
       dan Bandara Kelas I Fatmawati Soekarno                        and Fatmawati Soekarno Class I Airport
       Bengkulu (lanjutan)                                           Bengkulu (continued)

       Pada tanggal 10 Februari 2026, Perusahaan dan                 On February 10, 2026, the Company and the
       DJPU menandatangani Adendum Perjanjian                        Directorate General of Civil Aviation (DJPU)
       Kerja sama Pemanfaatan (KSP) BMN pada                         signed an Addendum to the Cooperation
       Bandar Udara Kelas I H.A.S. Hanandjoeddin                     Agreement for the Utilization (KSP) of BMN at H.
       Tanjung Pandan No. HK.201/1/4/DRJU.HKS-                       A.S. Hanandjoeddin Class I Airport, Tanjung
       2026    dan     No. PJJ.DU.00008/HK.04/2026,                  Pandan, No. HK.201/1/4/DRJU.HKS-2026 and
       dengan pokok perubahan:                                       No. PJJ.DU.00008/HK.04/2026, with the key
                                                                     amendments as follows:
          a) Nilai wajar objek BMN yang sebelumnya                       a) The fair Value of BMN, previously
             Rp1.759.630 menjadi Rp1.287.021;                               Rp1,759,630, has been adjusted to
                                                                            Rp1,287,021;
          b) Besaran asumsi nilai investasi yang                         b) The assumed investment value decreased
             sebelumnya Rp559.915 menjadi 556.203                           from Rp559,915 to Rp556,203;
          c) Nilai  total  kontribusi  tetap   yang                      c) The total fixed contribution value,
             sebelumnya      Rp209.676       menjadi                        previously Rp209,676, has been reduced
             Rp 67.748;                                                     to Rp67,748;
          d) Pembagian keuntungan yang sebelumnya                        d) The profit-sharing percentage, previously
             11,05% dari pendapatan menjadi sebesar                         set at 11.05% of revenue, has been
             3,52% dari pendapatan.                                         adjusted to 3.52% of revenue.

       Pada tanggal 27 Maret 2025 dan 19 Februari                    As of March 27 , 2025 and February 19, 2024, the
       2024, Perusahaan telah melakukan pembayaran                   Company has made fixed contribution payments
       kontribusi tetap masing-masing sebesar Rp4.356                amounting to Rp4,356 and Rp4,174, respectively.
       dan Rp4.174.

       Bandara H.A.S. Hanandjoeddin Tanjung Pandan                   H.A.S. Hanandjoeddin Tanjung Pandan Airport
       mencatatkan kerugian masing-masing sebesar                    Airport recorded loss of Rp29,380 and Rp21,348
       Rp29.380 dan Rp21.348 untuk tahun yang                        for the years ended December 31, 2025 and
       berakhir pada tanggal 31 Desember 2025 dan                    2024, respectively.
       2024.

       Pada tanggal 10 Februari 2026, Perusahaan dan                 On February 10, 2026, the Company and the
       DJPU menandatangani Adendum Perjanjian                        Directorate General of Civil Aviation (DJPU)
       Kerja sama Pemanfaatan (KSP) BMN pada                         signed an Addendum to the Cooperation
       Bandar Udara Kelas I Fatmawati Soekarno                       Agreement for the Utilization (KSP) of BMN at
       Bengkulu No. HK.201/1/3/DRJU.HKS-2026 dan                     Fatmawati Soekarno Bengkulu Class I Airport,
       No. PJJ.DU.00007/HK.04/2026, dengan pokok                     No. HK.201/1/3/DRJU.HKS-2026                and
       perubahan:                                                    No. PJJ.DU.00007/HK.04/2026, with the following
                                                                     key amendments:
          a) Nilai wajar objek BMN yang sebelumnya                       a) The fair value of BMN, previously
             Rp2.504.148 menjadi Rp1.985.937;                               Rp2,504,148, has been adjusted to
                                                                            Rp1,985,937;
          b) Besaran asumsi nilai investasi yang                         b) The assumed investment value decreased
             sebelumnya       Rp433.674       menjadi                       from Rp43,674 to Rp433,418;
             Rp433.418
          c) Nilai  total   kontribusi  tetap   yang                    c) The total fixed contribution value,
             sebelumnya        Rp74.598       menjadi                      previously Rp74,598, has been adjusted to
             Rp58.043;                                                     Rp58,043;
          d) Pembagian keuntungan yang sebelumnya                       d) The profit-sharing percentage, previously
             3,23% dari pendapatan menjadi sebesar                         set at 3.23% of revenue, has been
             10% dari laba bersih.                                         increased to 10% of net profit.


                                                        210
Page 680
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  j)   Perjanjian Kerjasama Pemanfaatan Bandara                   j)   Cooperation Agreement of Utilization of H.A.S.
       Kelas I H.A.S. Hanandjoeddin Tanjung Pandan                     Hanandjoeddin Class I Airport Tanjung Pandan
       dan Bandara Kelas I Fatmawati Soekarno                          and Fatmawati Soekarno Class I Airport Bengkulu
       Bengkulu (lanjutan)                                             (continued)

       Pada tanggal 27 Maret 2025 dan 19 Februari                      As of March 27 , 2025 and February 19, 2024, the
       2024, Perusahaan telah melakukan pembayaran                     Company has made fixed contribution payments
       kontribusi tetap masing-masing sebesar Rp1.549                  amounting to Rp1,549 and Rp1,485, respectively.
       dan Rp1.485.

       Bandara    Fatmawati    Soekarno  Bengkulu                       Fatmawati Soekarno Bengkulu Airport recorded
       mencatatkan kerugian masing-masing sebesar                      loss of Rp19,274 and Rp13,437 for the years
       Rp19.274 dan Rp13.437 untuk tahun yang                          ended December 31, 2025 and 2024,
       berakhir pada tanggal 31 Desember 2025 dan                      respectively.
       2024.

  k) Perjanjian Kerjasama Pemanfaatan Bandara                      k) Cooperation Agreement of Utilization of Siborong-
     Siborong-Borong                                                  Borong Airport

       Pada tanggal 7 Oktober 2021, Perusahaan                         On October 7, 2021, the Company (formerly AP2)
       (dahulu AP2) dan Pemerintah Kabupaten                           and District Government of Tapanuli Utara signed
       Tapanuli Utara menandatangani Perjanjian Kerja                  Cooperation Agreement of Land Utilization for the
       Sama Pemanfaatan Tanah untuk Kegiatan                           commercial activities and/or development of
       Pengusahaan dan/atau Pengembangan Bandar                        Siborong-Borong Airport No.16/SKB/TU/X/2021
       Udara Siborong-Borong No. 16/SKB/TU/X/2021                      and      No. PJJ.04.04/00/10/2021/0389.      This
       dan No. PJJ.04.04/00/10/2021/0389. Perjanjian                   agreement is effective for 30 years from signing
       ini   berlaku   selama     30  tahun     sejak                  date of the agreement.
       ditandatanganinya perjanjian

       Ruang lingkup kerjasama tersebut adalah                         Scopes of the cooperation are as follows:
       sebagai berikut:
       - Memanfaatkan tanah dan bangunan dengan                        - Utilize land and building with known situation
         situasi dan kondisi yang telah diketahui untuk                  and condition for commercial activities and/or
         kegiatan        pengusahaan          dan/atau                   development of Siborong-Borong Airport.
         pengembangan Bandar Udara Siborong-
         Borong.
       - Memberikan kontribusi tetap dan pembagian                     - Provide fixed contribution and profit sharing for
         keuntungan atas pengelolaan Bandar Udara                        management of Siborong-Borong Airport.
         Siborong-Borong.
       - Rencana pemanfaatanan tanah dan/atau                          - Planning for land and building utilization is
         bangunan adalah khusus untuk kegiatan                           specific for commercial activities and/or
         pengusahaaan dan/atau pengembangan                              development of Siborong-Borong Airport
         Bandar Udara Siborong-Borong.
       - Tanah dan/atau bangunan yang menjadi objek                    - Land and/or building that become objects of
         kerjasama tidak boleh dijaminkan dan/atau                       agreement should not be guaranteed and/or
         dibebani hak tanggungan dalam bentuk                            burdened with dependent rights of any kind to
         apapun kepada pihak lain.                                       other parties

       Bandara Siborong-Borong mencatatkan kerugian                    Siborong-Borong Airport recorded loss of
       masing-masing sebesar Rp58.609 dan Rp46.165                     Rp58,609 dan Rp46,165 for the years ended
       untuk tahun yang berakhir pada tanggal 31                       December 31, 2025 and 2024, respectively.
       Desember 2025 dan 2024.

       Pada tanggal 31 Januari 2025 dan 9 Januari                      As of January 31 , 2025 and January 9, 2024, the
       2024, Perusahaan telah melakukan pembayaran                     Company has made fixed contribution payments
       kontribusi tetap masing-masing sebesar Rp102                    amounting to Rp102 and Rp102, respectively.
       dan Rp102.


                                                          211
Page 681
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                     43. SIGNIFICANT AGREEMENTS (continued)

  l)   Perjanjian Kerjasama Pemanfaatan Bandara                     l) Cooperation Agreement of Utilization of Sultan
       Sultan Thaha Jambi                                              Thaha Airport

       Pada tanggal 26 Februari 2015, Perusahaan                       On February 26, 2015, the Company (formerly
       (dahulu AP2) dan Pemerintah Provinsi Jambi                      AP2) and Provincial Government of Jambi signed
       menandatangani       Perjanjian    Kerja   Sama                 Cooperation Agreement of Land Utilization for the
       Pemanfaatan        Tanah       untuk     Kegiatan               Commercial Activities and/or Development of
       Pengusahaan dan/atau Pengembangan Bandar                        Sultan         Thaha        Jambi         Airport
       Udara          Sultan         Thaha        Jambi                No.03/PK.GUB/BPKAD/2015                      and
       No.03/PK.GUB/BPKAD/2015                      dan                No. PJJ.04.04/00.04/02/2015/0012.           This
                                                                       agreement is effective for 50 years from signing
       No. PJJ.04.04/00.04/02/2015/0012. Perjanjian ini
                                                                       date of the agreement as amended with:
       berlaku selama 50 tahun sejak ditandatanganinya
       perjanjian, sebagaimana diubah dengan:
       - Addendum                     I              No.               -   Addendum                I          No.
           PJJ.04.04/00.04/07/2015/0074              dan                   PJJ.04.04/00.04/07/2015/0074      and
           07/PK.GUB/BPKAD/2015 tanggal 10 Juli                            07/PK.GUB/BPKAD/2015 dated July 10,
           2015                                                            2015
       - Addendum II No. 01.- tanggal 4 Desember                       -   Addendum II No. 01.- dated December 4,
           2018                                                            2018

       Ruang lingkup kerjasama tersebut adalah                         Scopes of the cooperation are as follows:
       sebagai berikut:
       - Memanfaatkan tanah dan bangunan dengan                        - Utilize land and building with known situation
         situasi dan kondisi yang telah diketahui untuk                  and condition for commercial activities and/or
         kegiatan        pengusahaan          dan/atau                   development of Sultan Thaha Jambi Airport.
         pengembangan Bandar Udara Sultan Thaha
         Jambi.
       - Memberikan kontribusi tetap dan pembagian                     - Provide fixed contribution and profit sharing for
         keuntungan atas pengelolaan Bandar Udara                        management of Sultan Thaha Jambi Airport.
         Sultan Thaha Jambi.
       - Rencana pemanfaatanan tanah dan/atau                          - Planning for land and/or building utilization is
         bangunan adalah khusus untuk kegiatan                           specific for commercial activities and/or
         pengusahaaan dan/atau pengembangan                              development of Sultan Thaha Jambi Airport
         Bandar Udara Sultan Thaha Jambi.
       - Tanah dan/atau bangunan yang menjadi objek                    - Land and/or building that become objects of
         kerjasama tidak boleh dijaminkan dan/atau                       agreement should not be guaranteed and/or
         dibebani hak tanggungan dalam bentuk                            burdened with dependent rights of any kind to
         apapun kepada pihak lain                                        other parties

       Bandara Sultan Thaha Jambi mencatatkan                          Sultan Thaha Jambi Airport recorded loss of
       kerugian masing-masing sebesar Rp67.696 dan                     Rp67,696 and Rp38,090 for the years ended
       Rp38.090 untuk tahun yang berakhir pada                         December 31, 2025 and 2024, respectively.
       tanggal 31 Desember 2025 dan 2024.

       Pada tanggal 31 Januari 2025 dan 9 Januari                      As of January 31, 2025 and January 9, 2024, the
       2024, Perusahaan telah melakukan pembayaran                     Company has made fixed contribution payments
       kontribusi tetap masing-masing sebesar Rp120                    amounting to Rp120 and Rp120, respectively.
       dan Rp120.




                                                           212
Page 682
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  m) Perjanjian Kerjasama Pemberian Dukungan dan               m) Cooperation Agreement of Support and Operation
     Pengelolaan pada Proyek Kerjasama Pemerintah                 of Government and Business Entity Cooperation
     dan Badan Usaha (KPBU) Bandar Udara Kediri                   Project (KPBU) Kediri Airport

     Pada tanggal 26 Oktober 2020, Perusahaan                       On October 26, 2020, the Company (formerly
     (dahulu AP1) dan PT Gudang Garam Tbk.                          AP1) and PT Gudang Garam Tbk. (Gudang
     (“Gudang Garam”) menandatangani Perjanjian                     Garam) signed a Master Agreement regarding
     Induk tentang Perjanjian Kerjasama Pemberian                   the Cooperation Agreement for Providing Support
     Dukungan dan Pengelolaan pada Proyek KPBU                      and Operation of Kediri Airport KPBU Project,
     Bandar Udara Kediri dimana kerjasama akan                      whereas the cooperation will be carried out in 2
     dilakukan dalam 2 (dua) tahap:                                 (two) stages:
     - Tahap penetapan badan usaha pemrakarsa                       - The appointment stage of the initiating
         dan pengadaan Badan Usaha Pelaksana                            business entity and the procurement of the
         (BUP);                                                         Implementation Business Entity (BUP);
     - Tahap pembangunan dan pengelolaan                            - The construction and operation stage of Kediri
         bandar udara Kediri.                                           airport.

     Atas kerjasama tersebut, Gudang Garam akan                     For the cooperation, Gudang Garam will pay
     membayarkan kompensasi kepada Perusahaan                       compensation to the Company (formerly AP1) as
     (dahulu AP1) sebagai berikut:                                  follows:
     - Upfront Fee/Technical Expertise Fee atas                     - Upfront Fee/Technical Expertise Fee for the
        advis yang diberikan oleh Perusahaan                            advice given by the Company (formerly AP1)
        (dahulu AP1) pada proses pengadaan BUP                          on the BUP procurement process and
        dan technical know-how dalam pembangunan                        technical know-how in the development and
        dan pengelolaan di bidang kebandarudaraan;                      operation of the airport sector;
     - Management fee atas biaya pengelolaan                        - Management fee for the operation fee of
        bandar udara Kediri;                                            Kediri airport;
     - Variable Incentives, yaitu bagi hasil atas                   - Variable Incentives, which is revenue sharing
        pendapatan kegiatan pengelolaan bandar                          from the operation of Kediri airport.
        udara Kediri.

     Perjanjian ini berlaku sejak ditandatanganinya                 This Agreement is valid from the signing of the
     perjanjian sampai dengan Perjanjian Kerjasama                  agreement until the Kediri Airport Operation
     Pengelolaan Bandar Udara Kediri berlaku efektif                Cooperation Agreement becomes effective and
     dan mengikat para pihak.                                       binding on the parties.
     Pada tanggal 26 Januari 2021, Perusahaan                       On January 26, 2021, the Company (formerly
     (dahulu    AP1)     dan    Gudang     Garam                    AP1) and Gudang Garam signed Joint Operation
     menandatangani Perjanjian Kerja Sama Operasi                   Agreement of Operating Airport Services at Kediri
     Penyelenggaraan Jasa Kebandarudaraan di                        Airport where Gudang Garam handed the
     Bandar Udara Kediri dimana Gudang Garam                        operation of Kediri airport over to the Company
     menyerahkan pengoperasian bandar udara Kediri                  (formerly AP1). For the operational activities, the
     kepada Perusahaan (dahulu AP1). Atas kegiatan                  Company (formerly AP1) will obtain management
     pengoperasian tersebut, Perusahaan (dahulu                     fee and variable incentives as explained above.
     AP1) memperoleh management fee dan variable                    The period of the agreement will be determined
     incentives sebagaimana dijelaskan di atas.                     later based on KPBU agreement between
     Jangka waktu perjanjian ini akan ditetapkan                    Gudang Garam and the Representation of of the
     kemudian berdasarkan perjanjian KPBU antara                    Project Cooperation, which is DJPU.
     Gudang Garam dengan Penanggung Jawab
     Proyek Kerjasama, yaitu DJPU.




                                                       213
Page 683
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  m) Perjanjian Kerjasama Pemberian Dukungan dan               m) Cooperation Agreement of Support and Operation
     Pengelolaan pada Proyek Kerjasama Pemerintah                 of Government and Business Entity Cooperation
     dan Badan Usaha (KPBU) Bandar Udara Kediri                   Project (KPBU) Kediri Airport (continued)
     (lanjutan)

     Pada tanggal 11 Februari 2021, Perusahaan                      On February 11, 2021, the Company (formerly
     (dahulu AP1) telah menerima 25% pembayaran                     AP1) has received 25% of the Upfront
     Upfront Fee/Technical Expertise Fee sebesar                    Fee/Technical Expertise Fee amounted to
     Rp22.029.                                                      Rp22,029.

     Sehubungan dengan telah keluarnya Surat                        In connection with the issuance of the Letter of
     Pengumuman Hasil Pengadaan Badan Usaha                         Announcement on the Procurement of Business
     Pelaksana Proyek Kerja Sama Pemerintah                         Entities Implementing the Public Private
     dengan Badan Usaha (KPBU) Bandar Udara                         Partnership Project (PPP) for the New Airport in
     Baru        di       Kabupaten           Kediri                Kediri Regency No. PL.104/02/07/Panpel-Kediri-
     No. PL.104/02/07/Panpel-Kediri-2022 tanggal 29                 2022 dated July 29, 2022 stating that Gudang
     Juli 2022 yang menyatakan bahwa Gudang                         Garam as the winner of the auction, on August
     Garam sebagai pemenang lelang, maka pada                       16, 2022, the Company (formerly AP1) has
     tanggal 16 Agustus 2022, Perusahaan (dahulu                    received the remaining 75% payment of the
     AP1) telah menerima sisa 75% pembayaran                        Upfront Fee/Technical Expertise Fee of
     Upfront Fee/Technical Expertise Fee sebesar                    Rp66,086.
     Rp66.086.

     Dalam pengoperasian Bandar Udara Kediri,                       In operating the Kediri Airport, PT Gudang Garam
     PT Gudang Garam akan menunjuk anak                             will appoint its subsidiary, namely PT Surya
     Perusahaan (dahulu AP1), yaitu PT Surya Dhoho                  Dhoho Investama (SDHI) to cooperate with the
     Investama (SDHI) untuk bekerjasama dengan                      Company (formerly AP1) so that a Novation
     Perusahaan (dahulu AP1) sehingga dibuat                        agreement was made between PT Gudang
     perjanjian Novasi antara PT Gudang Garam, PT                   Garam, PT Surya Dhoho Investama, and the
     Surya Dhoho Investama, dan Perusahaan                          Company (formerly AP1) and Amendment to the
     (dahulu AP1) serta Amandemen Perjanjian KSO                    KSO Agreement Concerning the Provision of
     Tentang Penyelenggaraan Pelayanan Jasa                         Airport Services at Kediri Airport No.
     Kebandarudaraan Di Bandar Udara Kediri No.                     PER0003/SDhI/III/2023                          and
     PER0003/SDhI/III/2023          dan          No.                No. SP.DU.0017/HK.04.01/2023 on March 27,
     SP.DU.0017/HK.04.01/2023 pada tanggal 27                       2023. The term of this agreement is effective from
     Maret 2023. Jangka waktu perjanjian ini berlaku                the date of signing the agreement for 50 years or
     efektif sejak tanggal penandatangan perjanjian                 until the end of the Kediri Airport KPBU
     selama 50 tahun atau sampai berakhirnya                        Agreement.
     Perjanjian KPBU Bandar Udara Kediri.

     Berdasarkan Undang-Undang No. 1 Tahun 2009                     Based on Law No. 1 of 2009 on Aviation in
     tentang Penerbangan jo. Peraturan Menteri                      conjunction with Minister of Transportation
     Perhubungan No. PM 81 Tahun 2021 tentang                       Regulation No. PM 81 of 2021 on Airport
     Kegiatan Pengusahaan di Bandar Udara,                          Business Activities, airport services are provided
     pelayanan         jasa        kebandarudaraan                  by Airport Business Entities as outlined in a
     diselenggarakan oleh Badan Usaha Bandar                        Concession Agreement. Furthermore, the
     Udara yang dituangkan dalam perjanjian Konsesi.                Company (formerly AP1), under the Operational
     Selanjutnya,    Perusahaan     (dahulu    AP1)                 Cooperation Agreement (KSO), signed the
     berdasarkan Perjanjian Kerja Sama Operasional                  Concession Agreement for Airport Services at
     (KSO), menandatangani Perjanjian Konsesi                       Kediri    Airport,     with     Agreement      No.
     tentang Pelayanan Jasa Kebandarudaraan pada                    HK.021/0038/DRJU.KUM2023;
     Bandar         Udara         Kediri         No.                SP.DU.159/HK.04.01/2023 dated September 4,
     HK.021/0038/DRJU.KUM2023;                                      2023, acting as the representative of SDHI as the
     SP.DU.159/HK.04.01/2023                 tanggal                BUP KPBU of Kediri Airport.
     4 September 2023 selaku kuasa dari SDHI
     sebagai BUP KPBU Bandar Udara Kediri.



                                                       214
Page 684
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  n) Kerjasama Pengelolaan dan Pengoperasian                       n) Management       and    Operation   Cooperation
     Bandar      Udara       Internasional Halim                      Agreement for the Halim Perdanakusuma
     Perdanakusuma (“HLP”) dengan PT Angkasa                          International Airport (“HLP”) with PT Angkasa
     Transportindo Selaras (“ATS”)                                    Transportindo Selaras (“ATS”)

     Pada tanggal 31 Agustus 2022, Perusahaan                         On August 31, 2022, the Company (formerly AP2)
     (dahulu AP2) menandatangani Perjanjian Induk                     signed a Master Agreement with ATS
     dengan ATS No. PJJ.04.04/00/08/2022/A.0237.                      No. PJJ.04.04/00/08/2022/A.0237. The Company
     Perusahaan (dahulu AP2) dengan pihak ATS                         (formerly AP2) collaborated with ATS to manage
     melakukan     Kerjasama   Pengelolaan    dan                     and operate HLP in Jakarta with a profit-sharing
     Pengoperasian HLP di Jakarta dengan skema                        scheme and a term of agreement until September
     pembagian keuntungan dan dengan Jangka                           30, 2022, or until the signing of the Administrative
     waktu perjanjian sampai dengan 30 September                      Joint Operation Agreement (JO).
     2022 atau hingga ditandatanganinya Perjanjian
     Kerjasama Operasi (KSO) Administratif.

     Selama jangka waktu perjanjian, seluruh                          During the term of the agreement, all HLP
     pendapatan HLP akan ditampung dalam                              revenues will be collected in a Joint Account and
     Rekening Bersama, dan akan dibagikan kepada                      distributed among the Parties after an agreement
     Para Pihak setelah adanya kesepakatan terkait                    is reached regarding the profit-sharing amount.
     besaran pembagian keuntungan. Sementara,                         Meanwhile, all HLP operational costs in
     seluruh Biaya Operasional HLP di bulan                           September amounted to Rp8,100 will be borne by
     September sebesar Rp8.100 ditanggung oleh                        the parties with a proportion of 50% for the
     para pihak dengan proporsi Perusahaan (dahulu                    Company (formerly AP2) and 50% for ATS.
     AP2) sebesar 50% dan ATS sebesar 50%.

     Pada tanggal 7 Oktober 2022, Perusahaan                          On October 7, 2022, the Company (formerly AP2)
     (dahulu AP2) dan ATS menandatangani                              and ATS signed an Addendum in which both
     Addendum dimana kedua belah pihak menyetujui                     parties agreed to extend the cooperation
     untuk memperpanjang perjanjian kerjasama                         agreement until October 14, 2022, and to use the
     hingga tanggal 14 Oktober 2022 dan penggunaan                    revenue collected in the Joint Account for HLP
     pendapatan yang tertampung dalam Rekening                        operational expenditures if the deposited
     Bersama untuk pengeluaran pengeloaan HLP,                        operational costs are insufficient.
     jika biaya operasional yang telah disetorkan tidak
     mencukupi.

     Pada tanggal 14 Oktober 2022, Perusahaan                         On October 14, 2022, the Company (formerly
     (dahulu AP2) dan ATS menandatangani                              AP2) and ATS signed an Addendum in which both
     Addendum dimana kedua belah pihak menyetujui                     parties agreed to extend the cooperation
     untuk meperpanjang perjanjian kerjasama hingga                   agreement until October 31, 2022.
     tanggal 31 Oktober 2022.

     Pada tanggal 31 Oktober 2022, Perusahaan                         On October 31, 2022, the Company (formerly
     (dahulu AP2) dan ATS menandatangani                              AP2) and ATS signed an Addendum in which both
     Addendum dimana kedua belah pihak menyetujui                     parties agreed to extend the cooperation
     untuk meperpanjang perjanjian kerjasama hingga                   agreement until the signing of the KSO
     ditandatanganinya perjanjian KSO.                                agreement.




                                                          215
Page 685
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  n) Kerjasama Pengelolaan dan Pengoperasian                      n) Management       and    Operation    Cooperation
     Bandar      Udara       Internasional    Halim                  Agreement for the Halim Perdanakusuma
     Perdanakusuma (“HLP”) dengan PT Angkasa                         International Airport (“HLP”) with PT Angkasa
     Transportindo Selaras (“ATS”) (lanjutan)                        Transportindo Selaras (“ATS”) (continued)

     Pada Tanggal 19 Januari 2023, Perusahaan                        On January 19, 2023, the Company (formerly
     (dahulu AP2) dan ATS membuat Perjanjian KSO                     AP2) and ATS entered into a Joint Operation
     dengan No. PJJ.04.04/00/01/2023/0005 dan No.                    Agreement          with       the       reference
     089/ATS/DIR/PKS-APII/I/2023,              untuk                 No. PJJ.04.04/00/01/2023/0005                 and
     membentuk        KSO   HLP,    dalam    rangka                  No. 089/ATS/DIR/PKS-APII/I/2023, to establish
     pengelolaan dan pengoperasian HLP di Jakarta,                   the JOA HLP for the purpose of managing and
     yang      meliputi    penyelenggaraan      jasa                 operating HLP in Jakarta, including the provision
     kebandarudaraan dan jasa terkait bandar udara.                  of airport services and related airport services.
     Perjanjian ini juga mengatur mengenai hak dan                   This agreement also stipulates the Company
     kewajiban Perusahaan (dahulu AP2) atas                          (formerly AP2)'s rights and obligations regarding
     keuntungan/ kerugian dari KSO sebesar 50%,                      the profits/ losses of the JOA, which amounts to
     dengan      jangka   waktu    hingga   tanggal                  50%, with a term until May 17, 2025.
     17 Mei 2025.

     Pada tanggal 17 Mei 2025, Perusahaan dan ATS                    On May 17, 2025, the Company and ATS signed
     menandatangani Amandemen Perjanjian Kerja                       an Amendment to the Operational Cooperation
     Sama       Operasional     Pengelolaan      dan                 Agreement for the Management and Operation of
     Pengoperasian Bandar Udara Internasional                        Halim Perdanakusuma International Airport,
     Halim     Perdanakusuma       Jakarta    melalui                under                                 Amendment
     Amandemen No. PJJ.DU.0114/HK.04/2025;                           No. PJJ.DU.0114/HK.04/2025;
     006/ADD.PKS/ATS-API/V/2025.         Amandemen                   006/ADD.PKS/ATS-API/V/2025. The amendment
     tersebut mengubah ketentuan mengenai jangka                     revised the provision on the term of the
     waktu Perjanjian, sehingga Perjanjian berlaku                   Agreement, whereby the Agreement is effective
     efektif sejak tanggal efektif Perjanjian sampai                 from its effective date until February 9, 2026, or
     dengan 9 Februari 2026, atau jangka waktu lain                  any other period that may arise due to the
     yang dapat timbul akibat pengakhiran Perjanjian                 termination of the Agreement in accordance with
     sesuai dengan ketentuan Pasal 20.1 (Sebab                       Article 20.1 (Grounds for Termination).
     Pengakhiran Perjanjian).

     Pada tanggal 9 Februari 2026, Perusahaan dan                    On February 9, 2026, the Company and PT ATS
     PT ATS menandatangani Amandemen Perjanjian                      signed an Amendment to the Operational
     Kerja Sama Operasional Pengelolaan dan                          Cooperation Agreement for the Management and
     Pengoperasian Bandar Udara Internasional                        Operation of Halim Perdanakusuma International
     Halim     Perdanakusuma         Jakarta   melalui               Airport,       under        Amendment         No.
     Amandemen No. PJJ.DU.0006/HK.04/2026;                           PJJ.DU.0006/HK.04/2026;
     001/PKS/ATS-API/II/2026. Amandemen tersebut                     001/PKS/ATS-API/II/2026.       The    amendment
     mengubah ketentuan mengenai jangka waktu                        revised the provision on the term of the
     Perjanjian, sehingga Perjanjian berlaku efektif                 Agreement, whereby the Agreement is effective
     sejak tanggal efektif Perjanjian sampai dengan 9                from its effective date until February 9, 2031, or
     Februari 2031, atau jangka waktu lain yang dapat                any other period that may arise due to the
     timbul akibat pengakhiran Perjanjian sesuai                     termination of the Agreement in accordance with
     dengan     ketentuan      Pasal    20.1   (Sebab                Article 20.1 (Grounds for Termination).
     Pengakhiran Perjanjian).




                                                         216
Page 686
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  n) Kerjasama Pengelolaan dan Pengoperasian                      n) Management       and    Operation    Cooperation
     Bandar      Udara       Internasional    Halim                  Agreement for the Halim Perdanakusuma
     Perdanakusuma (“HLP”) dengan PT Angkasa                         International Airport (“HLP”) with PT Angkasa
     Transportindo Selaras (“ATS”) (lanjutan)                        Transportindo Selaras (“ATS”) (continued)

     Pembagian keuntungan akan dilakukan sebesar                     Profit sharing will be carried out in proportion to
     proporsi tanggung jawab dan kepentingan para                    the responsibilities and interests of the parties,
     pihak, dengan mempertimbangkan:                                 taking into account:
     - Saldo Kas Minimal dengan besaran setara 3                      - Minimum Cash Balance with an amount
        bulan rata-rata Biaya Operasional HLP.                            equivalent to 3 months of average HLP
     - Current Ratio minimum berada di 1,5.                               Operating Costs.
                                                                      - Minimum Current Ratio is at 1.5.

     Pembagian keuntungan akan dilakukan:                            Profit sharing will be carried out:
     - Setiap 1 bulan sekali berdasarkan laporan                      - Once every 1 month based on the monthly
       realisasi Rencana Kerja dan Anggaran                              Company’s Work Plan and Budget (RKAP)
       Perusahaan (RKAP) bulanan; dan                                    realization report; and
     - Setiap akhir tahun untuk berdasarkan laporan                   - At the end of each year based on the annual
       keuangan tahunan.                                                 financial report.

  o) Perjanjian   Kerjasama     Strategis    Bandara             o) Strategic Partnership Agreement Kualanamu
     Kualanamu                                                      Airport

     Pada tanggal 23 Desember 2021, Perusahaan                       On December 23, 2021, the Company (formerly
     (dahulu AP2), PT Angkasa Pura Aviasi (“AVI”),                   AP2), PT Angkasa Pura Aviasi (“AVI”), and GMR
     dan GMR Airport Netherlands B.V “GMR” telah                     Airport Netherlands B.V “GMR” had signed
     menandatangani Shareholders Agreement (SHA)                     Shareholders         Agreement           (SHA)
     No.        PJJ.04.04/00/2021/0034       dan                     No. PJJ.04.04/00/2021/0034                 and
     No. GANBV.2021/001                       dan                    No. GANBV.2021/001                         and
     No. PJJ.04.04/00/12/2021/0621    dan    SSA                     No. PJJ.04.04/00/12/2021/0621    and       SSA
     No.       PJJ.04.04/00/12/2021/0622     dan                     No.       PJJ.04.04/00/12/2021/0622        and
     No. PJJ.04.04/00/2021/0035              dan                     No. PJJ.04.04/00/2021/0035                 and
     GANBV/2021/002 terkait pengelolaan dan                          GANBV/2021/002 regarding Kualanamu airport’s
     pengembangan bandara Kualanamu.                                 operation and development.


     Pada tanggal 3 Juni 2022, Perusahaan (dahulu                    On June 3, 2022, the Company (formerly AP2)
     AP2) menandatangani Perjanjian Induk dengan                     signed the Master Agreement with AVI
     AVI       No.      PJJ.04.04/00/06/2022/A.0077.                 No. PJJ.04.04/00/06/2022/A.0077. The Company
     Perusahaan (dahulu AP2) memberikan hak                          (formerly AP2) grants AVI the sole and exclusive
     tunggal dan eksklusif kepada AVI untuk                          rights to develop, operate, manage, and
     mengembangkan, mengoperasikan, mengelola,                       leasehold right to the existing Kualanamu Airport
     dan memiliki hak guna usaha atas Bandara                        and project land, including the exclusive rights to
     Kualanamu dan lahan proyek, termasuk hak                        carry out its obligations for the duration of the co-
     eksklusif untuk melaksanakan kewajibannya                       operation period. the cooperation period shall be
     selama jangka waktu kerjasama. Jangka waktu                     a period of 25 years commencing from the
     kerjasama adalah jangka waktu 25 tahun                          commercial operation date unless otherwise
     terhitung sejak tanggal operasi komersial kecuali               extended or terminated in accordance with the
     diperpanjang atau diakhiri sesuai dengan                        agreement.
     perjanjian.




                                                         217
Page 687
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)



43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  o) Perjanjian  Kerjasama      Strategis   Bandara             o) Strategic Partnership Agreement Kualanamu
     Kualanamu (lanjutan)                                          Airport (continued)
     Sebagai persyaratan yang harus dipenuhi, AVI                   As a condition further to the fulfilment of
     wajib, paling lambat saat Tanggal Wajib Operasi                conditions precedent AVI must, no later than the
     Komersial, membayar kepada Perusahaan                          Required Commercial Operation Date, provide
     (dahulu AP2) sejumlah Rp162.078. AVI telah                     payment to the Company (formerly AP2) in the
     melakukan pembayaran pada tanggal 7 Juli                       amount of Rp162,078. AVI has made the payment
     2022. Pada tanggal tersebut juga ditandatangani                on July 7, 2022. On the same date, Report of
     Berita Acara Serah Terima Operasi No.                          Operation                                 Handover
     BAC.04.04/00/07/2022/A.2586               antara               No. BAC.04.04/00/07/2022/A.2586 was also
     Perusahaan (dahulu AP2) dan AVI yang berisikan                 signed between the Company (formerly AP2) and
     bahwa tanggal operasi komersial dan perjanjian                 AVI which contains the date of commercial
     kerja sama aset berlaku efektif sejak tanggal                  operation and asset cooperation agreement is
     berita acara ini ditandatangani dan pada tanggal               effective from the date of the report is signed and
     ini Perusahaan (dahulu AP2) dengan ini                         on the same date, the Company (formerly AP2)
     mengalihkan kepada AVI dan AVI dengan ini                      hereby transfers to AVI and AVI hereby accepts
     menerima pengalihan atas hak dan kewajiban                     the transfer of all rights and obligations from the
     dari     pengoperasian,      pengelolaan    dan                operation, management and maintenance of
     pemeliharaan dari Bandar Udara Kualanamu.                      Kualanamu Airport.
     Pada tahun pertama sampai dengan tahun kedua                   On the first year until the second year anniversary
     dari Tanggal Operasi Komersial, AVI wajib                      of the Commercial Operation Date, AVI shall pay
     membayar kepada Perusahaan (dahulu AP2)                        to the Company (formerly AP2) in the amount of
     dalam jumlah Rp162.078 sebagai cicilan kedua                   Rp162,078 as the second year and third year
     dan ketiga dari Pembayaran Sewa Dimuka. AVI                    installment of the Advance Site Rent. AVI has
     telah melakukan pembayaran cicilan kedua sewa                  paid the second installment of rent in advance on
     dimuka pada tanggal 3 Juli 2023.                               July 3, 2023.
     Pada tahun ketiga sampai dengan tahun kelima                   On the third year until the fifth year anniversary of
     dari Tanggal Operasi Komersial, AVI wajib                      the Commercial Operation Date, AVI shall pay to
     membayar kepada Perusahaan (dahulu AP2)                        the Company (formerly AP2) in the amount of
     dalam jumlah Rp405.195 sebagai cicilan                         Rp405,195 as the fourth year, fifth year and sixth
     keempat, kelima dan keenam Pembayaran Sewa                     year installment of the Advance Site Rent.
     Dimuka.
     Pada tahun keenam sampai dengan tahun                          On the sixth year until the seventh year
     ketujuh dari Tanggal Operasi Komersial, AVI                    anniversary of the Commercial Operation Date,
     wajib membayar kepada Perusahaan (dahulu                       AVI shall pay to the Company (formerly AP2) in
     AP2) dalam jumlah Rp769.871 sebagai cicilan                    the amount of Rp769,871 as the seventh year and
     ketujuh dan kedelapan Pembayaran Sewa                          eighth year installment of the Advance Site Rent.
     Dimuka.
     Hingga tanggal 31 Desember 2025, AVI belum                     As of December 31, 2025, AVI has not made the
     melakukan pembayaran cicilan ketiga dan                        third and fourth installment payments totaling
     keempat sebesar total Rp567.273. AVI telah                     Rp567,273. AVI has submitted several requests
     mengajukan beberapa permohonan penundaan                       for payment deferral, the most recent of which
     pembayaran, yang terakhir disetujui oleh                       was approved by the Company until February 28,
     Perusahaan hingga 28 Februari 2026.                            2026.
     Perusahaan dan GMR saat ini sedang dalam                       The Company and GMR are in the process of
     proses pembahasan terkait angsuran dan                         discussing the installments and funding sources
     sumber dana untuk ASR tersebut, yang                           for the ASR, which will be formalized in an
     selanjutnya akan dituangkan dalam bentuk                       addendum to the Master Agreement. As of the
     addendum Perjanjian Induk. Hingga tanggal                      completion date of the consolidated financial
     penyelesaian laporan keuangan konsolidasian                    statements, the addendum to the Master
     ini, addendum Perjanjian Induk tersebut masih                  Agreement is still in process.
     dalam proses penyusunan.



                                                        218
Page 688
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                     43. SIGNIFICANT AGREEMENTS (continued)

  o) Perjanjian  Kerjasama        Strategis    Bandara             o) Strategic Partnership Agreement Kualanamu
     Kualanamu (lanjutan)                                             Airport (continued)

     Selain itu, pada Perjanjian Induk juga diatur                     In addition, the Master Agreement also stipulates
     bahwa Perusahaan (dahulu AP2) akan menerima                       that the Company (formerly AP2) will receive a
     bagi hasil sejumlah 19% dari pendapatan bruto                     revenue share of 19% of AVI's gross revenue.
     AVI.

  p) Serah Operasi Bandar Udara Banyuwangi                         p) Transfer Operations of Banyuwangi Airport

     Pada tanggal 22 Desember 2017, Perusahaan                          On December 22, 2017, the Company (formerly
     (dahulu AP2) dan Pemerintah Kabupaten                              AP2) and the Government of Banyuwangi
     Banyuwangi          (Pemkab     Banyuwangi)                        Regency (Pemkab Banyuwangi) signed an
     menandatangani Berita Acara Serah Terima                           Official Report on the handover of land and/ or
     pemanfaatan tanah dan/ atau bangunan yang                          buildings owned/ controlled by Pemkab
     dimiliki/ dikuasai Pemkab Banyuwangi. Tanah                        Banyuwangi. Land and buildings submitted by
     dan bangunan yang diserahkan oleh Pemkab                           Pemkab Banyuwangi to the Company (formerly
     Banyuwangi kepada Perusahaan (dahulu AP2)                          AP2) amounting to ±1,318,678 m² and ±17,910
     masing-masing seluas ±1.318.678 m² dan                             m², respectively.
     ±17.910 m².

     Pada tanggal 22 Desember 2017, Perusahaan                          On December 22, 2017, the Company (formerly
     (dahulu AP2) dan DJPU menandatangani Berita                        AP2) and DJPU signed the Report of Transfer of
     Acara Pengalihan Pengoperasian Bandar Udara                        Banyuwangi Airport Operations from DJPU to the
     Banyuwangi dari DJPU kepada Perusahaan                             Company (formerly AP2) No. 481 Tahun 2017,
     (dahulu AP2) dengan No. BA. 481 Tahun 2017, di                     whereby DJPU handed over the transfer/
     mana        DJPU      menyerahkan    pengalihan/                   operation of Banyuwangi Airport to the Company
     pengoperasian Bandar Udara Banyuwangi                              (formerly AP2) including facilities, equipment and
     kepada Perusahaan (dahulu AP2) berikut                             human resources.
     fasilitas, peralatan dan sumber daya manusia.

     Pada tanggal 22 Desember 2017, Perusahaan                          On December 22, 2017, the Company (formerly
     (dahulu AP2) dan DJPU menandatangani Berita                        AP2) and DJPU signed an Official Report on the
     Acara Serah Terima Operasional Hasil Pekerjaan                     Operation Handover of Banyuwangi Airport Work
     Bandar Udara Banyuwangi dari DJPU kepada                           Results from DJPU to the Company (formerly
     Perusahaan (dahulu AP2) dengan No. BA.1482                         AP2) No. BA.1482 Tahun 2017, where the DJPU
     Tahun 2017, dimana DJPU menyerahkan hasil                          submitted the proceeds at Banyuwangi Airport to
     pekerjaan pada Bandar Udara Banyuwangi                             the Company (formerly AP2). The proceeds
     kepada Perusahaan (dahulu AP2). Hasil                              consist of equipment and machinery, buildings,
     pekerjaan tersebut berupa aset peralatan dan                       roads and bridges, irrigation, network, other fixed
     mesin, gedung dan bangunan, jalan dan                              assets and intangible assets with total amounted
     jembatan, irigasi, jaringan, aset tetap lainnya dan                to Rp207,706 valued at cost.
     aset takberwujud yang seluruhnya berjumlah
     Rp207.706 yang dinilai berdasarkan harga
     perolehan.




                                                           219
Page 689
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  p) Serah Operasi     Bandar    Udara   Banyuwangi              p) Transfer Operations of Banyuwangi Airport
     (lanjutan)                                                     (continued)

     Pada tanggal 5 Januari 2018, Perusahaan                          On January 5, 2018, the Company (formerly AP2)
     (dahulu AP2) mengeluarkan Keputusan Direksi                      issued Directors' Decree on Task Force of
     tentang Task Force Alih Operasi Bandar Udara                     Operation Transfer Banyuwangi Airport which is
     Banyuwangi      yang     diperuntukkan    untuk                  intended to support and ensure all readiness of
     mendukung dan memastikan semua kesiapan                          the complete transfer of Banyuwangi Airport
     pengalihan secara menyeluruh operasional                         operations to the Company (formerly AP2), in
     Bandar Udara Banyuwangi kepada Perusahaan                        terms of facilities, operations, services,
     (dahulu AP2), baik dari sisi fasilitas, operasi,                 commercial, system and information and the
     pelayanan, komersial, sistem dan informasi serta                 fulfillment of human resources goes well and
     pemenuhan sumber daya manusia berjalan                           appropriately, with the establishment of
     dengan baik dan tepat, dengan pembentukan                        Coordinator of Safety, Risk, Operation & Quality
     Coordinator of Safety, Risk, Operation & Quality                 Control, Coordinator of Airport Service &
     Control, Coordinator of Airport Service &                        Commercial Support, Coordinator of Shared
     Commercial Support, Coordinator of Shared                        Service and Member.
     Service dan Member.

     Pada tanggal 14 Mei 2018, Perusahaan (dahulu                     On May 14, 2018, the Company (formerly AP2)
     AP2) menerima surat dari DJPU terkait                            received a letter from DJPU regarding
     penyampaian koreksi lampiran Berita Acara                        submission of correction of Official Report on the
     Serah Terima Operasional (BASTO) Bandar                          Operation Handover (BASTO) of Banyuwangi
     Udara Banyuwangi yang ditandatangani oleh                        Airport Work Results signed by DJPU and the
     DJPU dan Perusahaan (dahulu AP2) dimana nilai                    Company (formerly AP2), where the value
     yang diserahterimakan kepada Perusahaan                          handed over to the Company (formerly AP2)
     (dahulu AP2) yang sebelumnya sebesar                             which was previously amounting to Rp207,706
     Rp207.706 berubah menjadi sebesar Rp203.680.                     was changed to Rp203,680. Asset of
     Aset Bandar Udara Banyuwangi yang dinyatakan                     Banyuwangi Airport which stated in the BASTO
     dalam BASTO akan dicatat sebagai aset                            will be recorded as the Company (formerly
     Perusahaan (dahulu AP2) dan penyertaan modal                     AP2)’s asset and state equity participation when
     negara pada saat telah diterbitkan Peraturan                     Government Regulation is issued.
     Pemerintah.

  q) Perjanjian Kerjasama Penyelenggaraan Jasa                    q) Cooperation Agreement on Airport Service
     Kebandarudaraan di Bandar Udara Internasional                   Provision at West Java International Airport
     Jawa Barat

     Pada tanggal 22 Januari 2018, Perusahaan                         On January 22, 2018, the Company (formerly
     (dahulu AP2), Pemerintah Daerah Provinsi Jawa                    AP2), Pemerintah Daerah Provinsi Jawa Barat
     Barat     (Pemprov       Jabar)      dan     BIJB                (Pemprov Jabar) and BIJB signed a Cooperation
     menandatangani         Perjanjian      Kerjasama                 Agreement on Airport Service Provision at West
     Penyelenggaraan Jasa Kebandarudaraan di                          Java International Airport No. 553.2/03/SPI-
     Bandar Udara Internasional Jawa Barat                            BUMD,       No.    4/SPJ-DIR/BIJB/I/2018        and
     No. 553.2/03/SPI-BUMD,           No.       4/SPJ-                No. PJJ.04.04/00/01/2018/0017, whereby the
     DIR/BIJB/I/2018                               and                parties agreed to appoint the Company (formerly
     No. PJJ.04.04/00/01/2018/0017, dimana para                       AP2) as operator to carry out the service airport,
     pihak sepakat menunjuk Perusahaan (dahulu                        including the operation and maintenance of West
     AP2) sebagai operator untuk melaksanakan                         Java International Airport in Kertajati Sub-district.
     penyelenggaraan       jasa      kebandarudaraan,                 The term of this agreement is valid for 17 years
     termasuk pengoperasian dan pemeliharaan                          commencing from the signing of the agreement
     Bandar Udara Internasional Jawa Barat di                         and may be extended upon the parties' written
     Kecamatan Kertajati. Jangka waktu perjanjian ini                 agreement.
     berlaku selama 17 tahun terhitung sejak
     ditandatangani perjanjian dan dapat diperpanjang
     atas kesepakatan tertulis para pihak.


                                                         220
Page 690
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  q) Perjanjian Kerjasama Penyelenggaraan Jasa                     q) Cooperation Agreement on Airport Service
     Kebandarudaraan di Bandar Udara Internasional                    Provision at West Java International Airport
     Jawa Barat (lanjutan)                                            (continued)

     Pada tanggal 4 Mei 2018, Perusahaan (dahulu                       On May 4, 2018, the Company (formerly AP2),
     AP2), Pemprov Jabar dan BIJB menandatangani                       Government of West Java Province and BIJB
     addendum Perjanjian Kerjasama dengan No.                          signed an addendum to Cooperation Agreement
     119/47/SPIBUMD, No. 20/SPJ-DIR/BIJB/V/2018                        with     No.    119/47/SPIBUMD,       No. 20/SPJ-
     dan No. PJJ.04.04/00/05/2018/0341, yang mana                      DIR/BIJB/V/2018                               and
     para pihak menyepakati perubahan terkait                          No. PJJ.04.04/00/05/2018/0341,       where     the
     tanggal efektif menjadi tanggal yang menandakan                   parties agreed to change the effective date to be
     dimulainya operasional Bandara Kertajati oleh                     the date that marks the start of Kertajati Airport
     Perusahaan (dahulu AP2). Sehingga jangka                          operations by the Company (formerly AP2).
     waktu     perjanjian      diperhitungkan     sejak                Therefore, the term of the agreement is
     dioperasikannya      Bandara       Kertajati  oleh                calculated from the start of operation of Kertajati
     Perusahaan (dahulu AP2) yang ditetapkan                           Airport by the Company (formerly AP2) whose
     selambat-lambatnya 24 Mei 2018 dan dituangkan                     date is set no later than May 24, 2018 and is set
     dalam suatu Berita Acara Operasional yang                         out in an Operational Report signed by the
     ditandatangani para pihak.                                        parties.

     Pada tanggal 14 Mei 2018, Perusahaan (dahulu                      On May 14, 2018, the Company (formerly AP2)
     AP2) menerima Berita Acara Serah Terima                           received Report of Operational Handover
     Operasional (BASTO) Hasil Pekerjaan Direktorat                    (BASTO) of the Work Results of the Airport
     Bandar Udara di Bandar Udara Internasional                        Directorate at Kertajati International Airport, West
     Kertajati Jawa Barat dari DJPU dengan No. BA.                     Java from DJPU with No. BA. 503 Tahun 2018 for
     503 Tahun 2018 atas fasilitas sisi udara dengan                   air side facilities amounted to Rp831,757. Asset
     nilai total sebesar Rp831.757. Aset Bandar Udara                  of Kertajati Airport which stated in the BASTO will
     Kertajati yang dinyatakan dalam BASTO akan                        be recorded as the Company (formerly AP2)’s
     dicatat sebagai aset Perusahaan (dahulu AP2)                      asset and state equity participation when
     dan penyertaan modal negara pada saat telah                       Government Regulation is issued.
     diterbitkan Peraturan Pemerintah.

     Berdasarkan Peraturan Pemerintah (“PP”) No. 57                   Based on Government Regulation ("PP") No. 57
     Tahun 2023 tanggal 27 Desember 2023 tentang                      of 2023 dated December 27, 2023 concerning the
     Penambahan      Penyertaan    Modal     Negara                   Addition of State Equity Participation of the
     Republik Indonesia ke Dalam Modal Saham                          Republic of Indonesia into the Share Capital of the
     Injourney    untuk   selanjutnya     diteruskan                  Injourney henceforth forwarded in its entirety into
     seluruhnya menjadi penambahan penyertaan                         additional equity participation of Injourney into the
     modal Injourney ke dalam modal saham                             Company (formerly AP2)'s share capital, the
     Perusahaan (dahulu AP2), Presiden Republik                       President of the Republic of Indonesia stipulated
     Indonesia menetapkan penambahan Penyertaan                       the additional equity participation of the Republic
     Modal Negara Republik Indonesia ke Injourney                     of Indonesia into Injourney amounting to Rp798.
     sebesar Rp798.819 yang berasal dari pengalihan                   819 derived from the transfer of State Property at
     Barang Milik Negara pada Kementerian                             the Ministry of Transportation at Kertajati Airport,
     Perhubungan di Bandar Udara Kertajati Jawa                       West Java and sourced from the State Budget for
     Barat dan bersumber dari Anggaran Pendapatan                     Fiscal Years 2014, 2015, and 2017.
     dan Belanja Negara Tahun Anggaran 2014,
     2015, dan 2017.

     Pada tanggal 29 Desember 2023, telah dilakukan                   On December 29, 2023, the assets were handed
     serah terima aset tersebut dari Injourney kepada                 over from Injourney to the Company (formerly
     Perusahaan (dahulu AP2) melalui Berita Acara                     AP2) through the Report of Asset Handover
     Serah Terima Aset No. BA.1899 Tahun 2023,                        No. BA.1899             Year           2023,
     No. BAC.INJ.06.05/23/12/2023/A.0581, dan No.                     No. BAC.INJ.06.05/23/12/2023/A.0581,     and
     BAC.INJ.06.02.02/00/12/2023/7443.                                No. BAC.INJ.06.02.02/00/12/2023/7443.




                                                          221
Page 691
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  r) Perjanjian Penyelesaian Pembayaran Progres                 r) Settlement Agreement for Payment Term VI
     Termin VI atas Pekerjaan Design & Build                       Progress for project regarding the Design & Build
     Pengembangan           Bandar Udara    Sultan                 the Development of Sultan Hasanuddin Airport
     Hasanuddin Makassar, Sulawesi Selatan Tahap 1                 Makassar, South Sulawesi Phase 1 - Stage I -
     - Tingkat I - Paket 1.                                        Package 1.

     Pada tanggal 30 Desember 2022, Perusahaan                      On December 30, 2022, the Company (formerly
     (dahulu AP1) dan PT Wijaya Karya (Persero),                    AP1) and PT Wijaya Karya (Persero), Tbk.
     Tbk. (“WIKA“) mentandatangani perjanjian                       ("WIKA") signed Settlement Agreement for
     Penyelesaian Pembayaran atas tagihan progress                  payment term VI progress for project related the
     termin VI untuk pekerjaan Design & Build                       Design & Build the Development of Sultan
     Pengembangan        Bandar    Udara      Sultan                Hasanuddin Airport Makassar Phase 1 - Stage I -
     Hasanuddin Makassar Tahap I - Stage I - Paket                  Package 1, No. SP.DK.0359/KU.11/2022 and
     1     No.     SP.DK.0359/KU.11/2022        dan                 No. KU.09.09/A.DIR.11019/2022 where it was
     No. KU.09.09/A.DIR.11019/2022          dimana                  agreed that the payment of obligations by the
     disepakati untuk pembayaran kewajiban oleh                     Company (formerly AP1) to WIKA would be
     Perusahaan (dahulu AP1) kepada WIKA akan                       carried out through the use of SKBDN/facilities by
     dilakukan melalui penggunaan SKBDN atau                        the Company (formerly AP1) which would due
     instrumen lainnya yang diterbitkan oleh Bank                   after 15 (fifteen) months. The value of the sixth
     yang akan jatuh tempo setelah 15 (lima belas)                  stage payment is Rp265,766 with the expenses
     bulan. Adapun nilai pembayaran termin VI senilai               incurred for the issuance of the SKBDN becoming
     Rp265.766 dengan biaya yang timbul atas                        the responsibility of the Company (formerly AP1).
     penerbitan SKBDN tersebut menjadi tanggungan                   On May 27, 2024, the Company made
     Perusahaan (dahulu AP1). Pada tanggal 27 Mei                   repayments of Rp265,766.
     2024, Perusahaan telah melakukan pembayaran
     sebesar Rp265.766.
     .

  s) Perjanjian dengan Injourney                                 s) Agreement with Injourney

     Pada tanggal 29 Desember 2023, Perusahaan                      On December 29, 2023, the Company (formerly
     (dahulu AP1 dan AP2), TWB, dan Injourney                       AP1 and AP2), TWB, and Injourney signed an
     menandatangani perjanjian tentang Layanan                      agreement regarding the State-Owned Enterprise
     Manajemen Holding BUMN Pariwisata dan                          (BUMN) Tourism Holding Management Services
     Pendukung. Jangka waktu perjanjian ini selama                  and Support. The term of this agreement is 12
     12 bulan sejak 1 Januari 2024.                                 months, starting from January 1, 2024.

     Dalam perjanjian ini, Perusahaan (dahulu AP1                   Under this agreement, the Company (formerly
     dan AP2) berkewajiban untuk:                                   AP1 and AP2) is obligated to:
     - Melaksanakan        seluruh     kewajibannya                 - Carry out all its obligations under this
        berdasarkan Perjanjian ini untuk memastikan                    Agreement to ensure that the Management
        bahwa pelaksanaan Layanan Manajemen                            Services are implemented in accordance with
        dilakukan sesuai dengan syarat dan                             the terms and conditions of this Agreement.
        ketentuan perjanjian ini.
     - Menyiapkan dan memberikan data serta                         -   Prepare and provide the data and information
        informasi yang diperlukan oleh Injourney                        required by Injourney for the execution of the
        untuk pelaksanaan pekerjaan atas layanan                        management services to be provided by
        manajemen yang akan diberikan oleh                              Injourney to the Company (formerly AP1 and
        Injourney kepada Perusahaan (dahulu AP1                         AP2).
        dan AP2).




                                                        222
Page 692
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  s) Perjanjian dengan Injourney (lanjutan)                       s) Agreement with Injourney (continued)

     Dalam perjanjian ini, Perusahaan (dahulu AP1                     Under this agreement, the Company (formerly
     dan AP2) berkewajiban untuk: (lanjutan)                          AP1 dan AP2) is obligated to: (continued)
     - Melakukan pembayaran atas jasa layanan                         - Make payments for management services to
        manajemen kepada Injourney dan TWB                               Injourney and TWB in accordance with the
        sesuai     ketentuan     dalam     Perjanjian.                   provisions     of   the    Agreement.     The
        Management fee atas Layanan Manajemen                            management fee for Management Services is
        adalah sebagai berikut:                                          as follows:
        a. Sebesar nilai bersih 1% dari pendapatan                       a. A net value of 1% of the consolidated
           usaha konsolidasi Perusahaan (dahulu                              operating revenue of the Company
           AP1 dan AP2) dengan mengacu kepada                                (formerly AP1 and AP2), referring to the
           RKAP Tahunan Perusahaan (dahulu AP1                               Company (formerly AP1 and AP2)’s
           dan AP2) termasuk perubahannya atau                               Annual Budget and Work Plan (RKAP),
           nilai yang disepakati oleh Para Pihak                             including any amendments, or a value
           sesuai dengan performa dan kemampuan                              agreed upon by the Parties based on the
           Perusahaan (dahulu AP1 dan AP2) di                                Company (formerly AP1 and AP2)’s
           tahun 2024, dalam hal TWB (berdasarkan                            performance and capability in 2024. This
           ketentuan yang berlaku dan prinsip tata                           applies in the event that TWB (based on
           kelola Perusahaan (dahulu AP1 dan AP2)                            applicable regulations and the principles
           yang baik (good gorporate governance),                            of good corporate governance, as well as
           serta tata kelola interaksi antar entitas                         governance of interactions between
           holding pariwisata dan pendukung) belum                           tourism holding entities and their
           bisa memberikan Layanan Manajemen                                 supporting parties) is unable to provide
           kepada Perusahaan (dahulu AP1 dan                                 Management Services to the Company
           AP2);                                                             (formerly AP1 and AP2);
        b. Dalam hal berdasarkan ketentuan yang                          b. In the event that, under the applicable
           berlaku, prinsip tata kelola Perusahaan                           regulations and the principles of good
           (dahulu AP1 dan AP2) yang baik, TWB                               corporate governance, TWB is authorized
           berwenang untuk memberikan Layanan                                to provide Management Services to the
           manajemen kepada Perusahaan (dahulu                               Company (formerly AP1 and AP2), the
           AP1      dan    AP2),    maka     besaran                         Management Fee to Injourney will be as
           Management Fee kepada Injourney                                   follows: a net value of 0.75% (zero point
           sebesar nilai bersih 0,75% (nol koma tujuh                        seventy-five percent) to Injourney, and a
           puluh lima persen) dan kepada PT Taman                            net value of 0.25% (zero point twenty-five
           Wisata Borobudur sebesar nilai bersih                             percent) to PT Taman Wisata Borobudur,
           0,25% (nol koma dua puluh lima persen)                            based on the consolidated operating
           dari pendapatan usaha konsolidasi                                 revenue of the Company (formerly AP1
           Perusahaan (dahulu AP1 dan AP2)                                   and AP2), referring to the Company
           dengan mengacu kepada RKAP Tahunan                                (formerly AP1 and AP2)’s Annual Budget
           Perusahaan (dahulu AP1 dan AP2)                                   and Work Plan (RKAP), including any
           termasuk perubahannya atau nilai yang                             amendments, or a value agreed upon by
           disepakati oleh Para Pihak sesuai dengan                          the Parties based on the Company
           performa dan kemampuan Perusahaan                                 (formerly AP1 and AP2)’s performance
           (dahulu AP1 dan AP2) di tahun 2024                                and capability in 2024 for Injourney and
           kepada Injourney dan TWB.                                         TWB.




                                                         223
Page 693
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  s) Perjanjian dengan Injourney (lanjutan)                        s) Agreement with Injourney (continued)

     Pada tanggal 30 Desember 2024, Injourney                         On December 30, 2024, Injourney granted a
     memberikan waiver atas pembayaran tagihan                        waiver for the payment of the 2024 management
     jasa layanan manajemen Perusahaan untuk                          services invoice of the Company, covering 75% or
     tahun 2024, dengan nilai 75% atau sebesar                        Rp82,708 of the total invoiced amount of
     Rp82.708 dari total tagihan jasa layanan                         Rp110,277.
     manajemen sebesar Rp110.277.

     Pada tanggal 19 Juni 2025, Perusahaan dan                        On June 19, 2025, the Company and Injourney
     Injourney menandatangani Perjanjian Pelayanan                    entered into an Intra-Group Service Agreement,
     Jasa Intra Group dengan jangka waktu berlaku                     effective from January 1 to December 31, 2025.
     dari 1 Januari sampai dengan 31 Desember 2025.

     Berdasarkan perjanjian tersebut, Perusahaan                      Under this agreement, the Company is obligated
     berkewajiban untuk:                                              to:
     - Melaksanakan seluruh kewajibannya sesuai                        - Fulfill all of its obligations under this
        dengan Perjanjian ini guna memastikan                             Agreement to ensure that the provision of
        bahwa pelaksanaan Pelayanan Jasa Intra                            Intra-Group Services is carried out in
        Group dilakukan sesuai dengan syarat dan                          accordance with the terms and conditions of
        ketentuan dalam Perjanjian, hukum yang                            the Agreement, applicable laws, and good
        berlaku, serta praktik industri yang baik.                        industry practices.
     - Menyiapkan dan memberikan data serta                            - Prepare and provide the data and information
        informasi yang diperlukan oleh Injourney                          required by Injourney for the implementation
        untuk pelaksanaan Pelayanan Jasa Intra                            of the Intra-Group Services to be rendered by
        Group yang diberikan oleh Injourney kepada                        Injourney to the Company.
        Perusahaan.
     - Melakukan pembayaran Management Fee                             -   Make payment of the Management Fee for the
        atas Pelayanan Jasa Intra Group kepada                             Intra-Group Services to Injourney, in
        Injourney, sesuai ketentuan dalam Perjanjian,                      accordance with the provisions of the
        yaitu sebesar 1% (satu persen) nilai bersih                        Agreement, amounting to a net value of 1%
        (net) dari pendapatan usaha konsolidasi                            (one percent) of the Company’s consolidated
        Perusahaan Tahun 2025, mengacu pada                                operating revenue for the year 2025, referring
        RKAP      Tahunan       Perusahaan      beserta                    to the Company’s Annual Work Plan and
        perubahannya.                                                      Budget (RKAP) including its amendments.

  t) PT Garuda Indonesia (Persero) Tbk. (“Garuda”)                 t) PT Garuda Indonesia (Persero) Tbk. (“Garuda”)

     Pada tanggal 3 Juli 2014, Perusahaan (dahulu                     On July 3, 2014, the Company (formerly AP2)
     AP2)    mengadakan      Perjanjian   Kerjasama                   entered    into    Land     Use    Agreement
     Pemanfaatan                              Tanah                   No. PJJ.15.02.01/00/07/2014/119 with Garuda,
     No. PJJ.15.02.01/00/07/2014/119         dengan                   where the Company (formerly AP2) acts as lessor
     Garuda, dimana Perusahaan (dahulu AP2)                           and Garuda as lessee. Some terms of the
     bertindak sebagai pemberi sewa dan Garuda                        agreement are as follows:
     sebagai penyewa. Beberapa isi perjanjian
     sebagai berikut:
      Lahan yang dimanfaatkan seluas 164.742 m2.                         Area utilization of 164,742 m2.
      Tujuan pemanfaatan lahan untuk administrasi                        Land use objectives are for the administrative
        perkantoran, penunjang kegiatan operasional                        offices, flight operations, including its
        penerbangan berikut fasilitas penunjangnya.                        supporting facilities.
      Jangka waktu perjanjian adalah 1 Januari                           The agreement is valid from January 1, 2012
        2012 sampai dengan 31 Desember 2016.                               until December 31, 2016.




                                                          224
Page 694
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  t) PT Garuda Indonesia (Persero) Tbk. (“Garuda”)                t) PT Garuda Indonesia (Persero) Tbk. (“Garuda”)
     (lanjutan)                                                      (continued)

     Pada tanggal 29 Juli 2020, Perusahaan (dahulu                   On July 29, 2020, the Company (formerly AP2)
     AP2) dan Garuda telah melakukan perpanjangan                    and Garuda agreed to extend the agreement No.
     Perjanjian No. PJJ.04.04/00/07/2020/0258 dan                    PJJ.04.04/00/07/2020/0258 and No. IG/PERJ/DI-
     No. IG/PERJ/DI-4173/2020/NON-LEG      dengan                    4173/2020/NON-LEG        with period up to
     jangka waktu perjanjian hingga 31 Desember                      December 31, 2021.
     2021.

     Pada tanggal 31 Desember 2021, berdasarkan                      On December 31, 2021, based on Report No.
     Berita Acara No BAC.06.04/00/12/202/6935                        BAC.06.04/00/12/202/6935, Garuda did not
     Garuda tidak lagi memperpanjang sewa lahan                      extend the Utilization of Commercial Facilities
     berdasarkan Perjanjian Kerjasama Pemanfaatan                    Agreement of PT Angkasa Pura II (Persero)
     Fasilitas Komersil PT Angkasa Pura II (Persero)                 No. PJJ.04.04/00/07/2020/0258             and
     No. PJJ.04.04/00/07/2020/0258              dan                  No. G/PERJ/DI-4173/2020/NON-LEG dated July
     No. IG/PERJ/DI-4173/2020/NON-LEG tanggal 29                     29, 2020.
     Juli 2020.

     Atas bangunan di atas lahan tersebut, yang                      Regarding the building bulit on the land, which is
     bukan merupakan objek yang harus dikembalikan                   not an object that must be returned to the
     sesuai perjanjian, Perusahaan (dahulu AP2)                      Company (formerly AP2) according to the
     setuju untuk membayar bangunan tersebut                         agreement, the Company (formerly AP2) agreed
     sebesar    Rp142.500     melalui   mekanisme                    to pay the building totalling to Rp142,500 through
     penjumpaan utang atas tagihan yang dimiliki oleh                a set off with the outstanding receivables of the
     Perusahaan (dahulu AP2) kepada Garuda. Nilai                    Company (formerly AP2) from Garuda. The value
     bangunan tersebut berdasarkan Laporan                           of the building is based on the Valuation Report
     Penilaian yang dilakukan oleh KJPP Muttaqin                     conducted by KJPP Muttaqin Bambang Purwanto
     Bambang Purwanto Rozak Uswatun dan Rekan                        Rozak Uswatun and Partners on December 15,
     pada tanggal 15 Desember 2021.                                  2021.

     Pada tanggal 31 Desember 2021, Perusahaan                       On December 31, 2021, the Company (formerly
     (dahulu AP2) dan Garuda telah melakukan                         AP2) and Garuda agreed to extend the
     perpanjangan     Perjanjian     Kerja    Sama                   Cooperation Agreement for the Utilization of
     Pemanfaatan          Fasilitas        Komesial                  Commercial                          Facilities
     No. PJJ.04.04/00/12/2021/A.0838            dan                  No. PJJ.04.04/00/12/2021/A.0838           and
     No. IG/PERJ/DI-4173/2020/NON-LEG       dengan                   No. IG/PERJ/DI-4173/2020/NON-LEG         with
     jangka waktu perjanjian sampai dengan 31                        period up to December 31, 2026. In the
     Desember 2026. Dalam perjanjian tersebut                        Agreement, the Company (formerly AP2) and
     Perusahaan (dahulu AP2) dan Garuda                              Garuda agreed to reduce the land area from
     menyepakati perjanjian atas pengurangan luasan                  164.742 m2 to 59.016 m2.
     lahan yang semula 164.742 m2 menjadi 59.016
     m 2.

     Pada tanggal 13 Oktober 2016, Perusahaan                        On October 13, 2016, the Company (formerly
     (dahulu AP2) mengadakan perjanjian dengan                       AP2) entered into agreement with Garuda
     Garuda No. PJJ.04.04/00.02/10/2016/0009 dan                     No. PJJ.04.04/00.02/10/2016/0009           and
     No. WI/PERJ/DG-3368 tentang pemanfaatan                         No. WI/PERJ/DG-3368 regarding the use of
     fasilitas komersial, yaitu ruangan di gedung 510,               commercial facility, such as building 510, 520,
     520, dan 530 berlaku sampai dengan                              and 530 up to December 31, 2018, where the
     31 Desember 2018, dimana Perusahaan (dahulu                     Company (formerly AP2) acts as lessor and
     AP2) bertindak sebagai pemberi sewa dan                         Garuda as lessee.
     Garuda sebagai penyewa.




                                                         225
Page 695
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  t) PT Garuda Indonesia (Persero) Tbk. (“Garuda”)                 t) PT Garuda Indonesia (Persero) Tbk. (“Garuda”)
     (lanjutan)                                                       (continued)

     Pada tanggal 20 Juni 2018, Perusahaan (dahulu                    On June 20, 2018, the Company (formerly AP2)
     AP2) dan Garuda telah melakukan perpanjangan                     and Garuda agreed to extend the agreement
     berdasarkan Perjanjian Kerja Sama Pemanfaatan                    based on the Cooperation Agreement for the
     Fasilitas Komersial                 PT Angkasa                   Utilization of Commercial Facilities of PT Angkasa
     Pura II (Persero) No. PJJ.04.04/00/06/2018/1435                  Pura II (Persero) No. PJJ.04.04/00/06/2018/1435
     dan No. IG/PERJ/DG-3718/2018 Tanggal 20 Juni                     and No. IG/PERJ/DG-3718/2018 dated June 20,
     2018 dengan jangka waktu 1 Juli 2018 sampai                      2018 with period from July 1, 2018 to June 30,
     dengan 30 Juni 2022.                                             2022.

     Pada tanggal 28 Juni 2022, Perusahaan (dahulu                    On June 28, 2022, the Company (formerly AP2)
     AP2) dan Garuda telah melakukan perpanjangan                     and Garuda agreed to extend the agreement
     Perjanjian Kerja Sama Pemanfaatan Fasilitas                      based on the Cooperation Agreement for the
     Komersial    PT     Angkasa     Pura    II   No.                 Utilization of Commercial Facilities of PT Angkasa
     PJJ.04.04/00/06/2022/A.0320                  dan                 Pura II No. PJJ.04.04/00/06/2022/A.0320 and
     No. IG/PERJ/DO-4155/2022/NON-LEG, dengan                         No. IG/PERJ/DO-4155/2022/NON-LEG               with
     jangka waktu terhitung sejak tanggal 1 Juli 2022                 period from July 1, 2022 to June 30, 2024.
     sampai dengan 30 Juni 2024.

     Pada tanggal 21 Juni 2024, Perusahaan (dahulu                    On June 21, 2024, the Company (formerly AP2)
     AP2) dan Garuda telah melakukan perpanjangan                     and Garuda extended the Cooperation
     Perjanjian Kerja Sama Pemanfaatan Fasilitas                      Agreement for the Utilization of PT Angkasa Pura
     Komersial PT Angkasa Pura II berdasarkan Berita                  II's Commercial Facilities, as outlined in the
     Acara              Kesepakatan               No.                 Report               of               Agreement
     BAC.15.04/00/06/2024/2799, dengan jangka                         No. BAC.15.04/00/06/2024/2799, with a term
     waktu terhitung sejak tanggal 1 Juli 2024 sampai                 commencing on July 1, 2024, and ending on June
     dengan 30 Juni 2026.                                             30, 2026.


  u) PT Pertamina Patra Niaga                                      u) PT Pertamina Patra Niaga

     Pada tanggal 5 Agustus 2022, Perusahaan                           On August 5, 2022, the Company (formerly AP2)
     (dahulu AP2) dan PT Pertamina Patra Niaga                         and PT Pertamina Patra Niaga entered into
     mengadakan                             perjanjian                 agreement        No. PJJ.04.04/00/08/2022/A.0220
     No. PJJ.04.04/00/08/2022/A.0220 dan No. KTR-                      and No. KTR-026/PN0000000/2022-SO to carry
     026/PN0000000/2022-SO untuk melaksanakan                          out aircraft refueling services at Soekarno Hatta
     pelayanan pengisian bahan bakar pesawat udara                     International Airport. This agreement was later
     di Bandar Udara Internasional Soekarno Hatta.                     renewed          through        addendum          I
     Perjanjian ini kemudian diperbarui melalui                        No. PJJ.04.04/00/08/2023/0303                  and
     perjanjian     tambahan       (addendum)         I                No. SP-089/PN0000000/2023-SO dated August
     No. PJJ.04.04/00/08/2023/0303                dan                  31, 2023. This agreement is valid for 5 years from
     No. SP-089/PN0000000/2023-SO             tanggal                  April 1, 2022 to March 31, 2027.
     31 Agustus 2023. Perjanjian ini berlaku selama 5
     tahun sejak 1 April 2022 sampai dengan 31 Maret
     2027.




                                                          226
Page 696
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  u) PT Pertamina Patra Niaga (lanjutan)                          u) PT Pertamina Patra Niaga (continued)

     Pada tanggal 8 September 2023, Perusahaan                        On September 8, 2023, the Company (formerly
     (dahulu AP2) dan Pertamina Patra Niaga                           AP2) and Pertamina Patra Niaga entered into
     mengadakan                            perjanjian                 agreement No. PJJ.04.04/00/09/2023/0328 and
     No. PJJ.04.04/00/09/2023/0328 dan No. SP-                        No. SP-035/PNC100000/2023-SO to implement
     035/PNC100000/2023-SO untuk melaksanakan                         aircraft refueling services at Minangkabau
     pelayanan pengisian bahan bakar pesawat udara                    International Airport, Sultan Mahmud Badaruddin
     di Bandar Udara Internasional Minangkabau,                       II Airport, Banyuwangi Airport, Tjilik Riwut Airport,
     Bandar Udara Sultan Mahmud Badaruddin II,                        H.A.S      Hanandjoeddin      Airport,    Fatmawati
     Bandara Udara Banyuwangi, Bandar Udara Tjilik                    Soekarno Airport, and Raden Inten II Airport. This
     Riwut, Bandar Udara H.A.S Hanandjoeddin,                         agreement is valid for 4 years from April 1, 2023,
     Bandar Udara Fatmawati Soekarno, Bandar                          until March 31, 2027.
     Udara Raden Inten II. Perjanjian ini berlaku
     selama 4 tahun sejak 1 April 2023 sampai dengan
     31 Maret 2027.

     Pada tanggal 18 September 2023, Perusahaan                       On September 18, 2023, the Company (formerly
     (dahulu AP2) dan Pertamina Patra Niaga                           AP2) and Pertamina Patra Niaga entered into
     mengadakan                            perjanjian                 Agreement No. PJJ.04.04/00/09/2023/0340 and
     No. PJJ.04.04/00/09/2023/0340 dan No. SP-                        No. SP-037/PNC100000/2023-SO to implement
     037/PNC100000/2023-SO untuk melaksanakan                         aircraft refueling services at Husein Sastranegara
     pelayanan pengisian bahan bakar pesawat udara                    Airport, Supadio, Sultan Iskandar Muda, Raja Haji
     di Bandar Udara Husein Sastranegara, Supadio,                    Fisabilillah, Sultan Thaha, Depati Amir, and
     Sultan Iskandar Muda, Raja Haji Fisabilillah,                    Silangit. This agreement is valid for 5 years from
     Sultan Thaha, Depati Amir, dan Silangit.                         October 1, 2023, until March 31, 2027.
     Perjanjian       ini      berlaku       selama
     5 tahun terhitung sejak tanggal 1 Oktober 2023
     sampai dengan 31 Maret 2027.

  v) PT Sanggraha Daksa Mitra (“SDM”)                             v) PT Sanggraha Daksa Mitra (“SDM”)

     Perusahaan        (dahulu     AP2)    mengadakan                The Company (formerly AP2) entered Build
     perjanjian Bangun Guna Serah (”BOT”)                            Operate Transfer (”BOT”) into land use
     penggunaan         tanah     di   area   Bandara                agreement at Soekarno-Hatta Airport area
     Soekarno-Hatta seluas 1.020.000 m2 dengan                       covering 1,020,000 m2 with SDM in accordance
     SDM        sesuai     Perjanjian   Sewa    Tanah                with        Land   Lease      Agreement      No.
     No.      SPKS.07.1/TU.208/APII-2000       tanggal               SPKS.07.1/TU.208/APII-2000 dated March 30,
     30 Maret 2000 dan berlaku selama 20 (dua puluh)                 2000 and valid for 20 (twenty) years from May 1,
     tahun sejak 1 Mei 2000 sampai dengan                            2000 untill January 6, 2019. The Company
     6 Januari 2019. Perusahaan (dahulu AP2)                         (formerly AP2) leased the land to SDM to be used
     menyewakan tanah tersebut kepada SDM untuk                      as business facilities such as golf course, park
     dikelola sebagai fasilitas usaha yaitu lapangan                 and shopping centre, including its supporting
     golf, taman niaga dan pusat pertokoan berikut                   facilities.
     fasilitas penunjangnya.

     Perusahaan (dahulu AP2) juga memperoleh                          The Company (formerly AP2) also obtained a
     pendapatan konsesi yang dihitung berdasarkan                     concession income calculated based on the
     jumlah pendapatan kotor dengan persentase                        amount of gross income with the percentage of
     konsesi. Pada akhir periode perjanjian, SDM                      concession. At the end of the agreement, SDM is
     wajib mengembalikan tanah tersebut kepada                        required to return the land to the Company
     Perusahaan (dahulu AP2) dan Perusahaan                           (formerly AP2) and the Company (formerly AP2)
     (dahulu AP2) wajib membayar kepada SDM                           shall pay to SDM for the fair market value of the
     sebesar nilai pasar yang wajar dari bangunan                     building as well as the accessories attached
     gedung serta kelengkapannya yang melekat                         including infrastructure located in the shopping
     termasuk infrastruktur yang terdapat di pusat                    centre and commercial parks.
     pertokoan dan taman niaga tersebut.

                                                         227
Page 697
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  v) PT Sanggraha Daksa Mitra (“SDM”) (lanjutan)                   v) PT Sanggraha Daksa Mitra (“SDM”) (continued)

     Pada tanggal 31 Mei 2017, Perusahaan (dahulu                      On May 31, 2017, the Company (formerly AP2)
     AP2) dan SDM menandatangani addendum I                            and       SDM        signed       addendum       I
     No.      PJJ.04.04/00.02/05/2017/0011      atas                   No.        PJJ.04.04/00.02/05/2017/0011         of
     Perjanjian Kerjasama Penggunaan Tanah                             Land       Use       Cooperation       Agreement
     No. SPKS.07.1/TU.208/APII-2000         tanggal                    No. SPKS.07.1/TU.208/APII-2000 dated March
     30 Maret 2000, dimana Perusahaan (dahulu AP2)                     30, 2000, whereas the Company (formerly AP2)
     dan SDM sepakat antara lain:                                      and SDM agreed:
     1. Seluruh fasilitas usaha yang dibangun SDM,                     1. All business facilities that were built by SDM,
        pada akhir masa perjanjian diserahkan dan                          at the end of the agreement shall be returned
        menjadi milik Perusahaan (dahulu AP2) tanpa                        and become the property of the Company
        kompensasi dalam bentuk apapun.                                    (formerly AP2) without any compensation.
     2. Mengubah objek perjanjian yang dikenakan                       2. Changes the object of the agreement subject
        kompensasi      dan   besaran kompensasi                           to compensation and the amount of land use
        penggunaan tanah.                                                  compensation.
     3. Mengubah objek perjanjian yang dikenakan                       3. Changes the object of the agreement subject
        konsesi dan prosentase konsesi.                                    to    concession     and     percentages    of
                                                                           concession.
     4. Mengembalikan sebagian tanah seluas                            4. Returns part of the land that has been rented
        ±57.000 m² yang telah disewa SDM kepada                            by SDM measuring ±57,000 m² to the
        Perusahaan (dahulu AP2) sehingga luas objek                        Company (formerly AP2) and changes the
        perjanjian menjadi 963.000 m².                                     object of agreement to 963,000 m².
     5. SDM melakukan pembongkaran dan/atau                            5. SDM dismantling and/or relocating assets
        relokasi aset milik SDM yang berlokasi di area                     owned by SDM located in an area of ±57,000
        lahan seluas ±57.000 m². Bentuk dan cara                           m². The form and method of compensation
        kompensasi yang akan dibayarkan oleh                               that will be paid by the Company (formerly
        Perusahaan (dahulu AP2) kepada SDM antara                          AP2) to SDM may be calculated from the
        lain dapat diperhitungkan dari pembebasan                          exemption of compensation and/ or
        kewajiban kompensasi dan/ atau pembebasan                          exemption of the concession.
        nilai konsesi.
     6. Memperhitungkan jangka waktu perjanjian                        6. Considering term of agreement among others:
         antara lain:
         - Tanggal 1 Mei 2000 sampai dengan                                -   May 1, 2000 until January 6, 2019.
             tanggal 6 Januari 2019.
         - Tanggal 7 Januari 2019 sampai dengan                            -   January 7, 2019 until January 6, 2021
             tanggal      6   Januari   2021    (masa                          (Extension Period I).
             Perpanjangan I).
         - Masa Perpanjangan akan diperpanjang                             -   The     extention     periode    will     be
             otomatis sampai dengan 6 Januari 2024                             automatically extended until January 6,
             (untuk selanjutnya “Masa Perpanjangan                             2024 (for further as “Extention Period II’) if
             II”) apabila Perusahaan (dahulu AP2) tidak                        the Company (formerly AP2) does not use
             menggunakan objek perjanjian untuk                                the object of the agreement in preparation
             kepentingan pembangunan Terminal 4                                for the construction of Terminal 4 of
             Bandara Soekarno-Hatta.                                           Soekarno-Hatta Airport.




                                                          228
Page 698
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)

  v) PT Sanggraha Daksa Mitra (“SDM”) (lanjutan)                   v) PT Sanggraha Daksa Mitra (“SDM”) (continued)

     Pada tanggal 22 Februari 2018, Perusahaan                         On February 22, 2018, the Company (formerly
     (dahulu AP2) dan SDM menandatangani                               AP2) and SDM signed addendum II of Land Use
     addendum II Perjanjian Kerjasama Penggunaan                       Cooperation Agreement No. PJJ.04.04/00/02/
     Tanah No. PJJ.04.04/00/02/2018/0043 dimana                        2018/0043 whereas the Company (formerly
     Perusahaan (dahulu AP2) dan SDM menyepakati                       AP2) and SDM agreed:
     antara lain:
     - Rincian aset yang akan direlokasi.                              -     Details of the assets to be relocated.
     - Total biaya pembongkaran dan/ atau aset                         -     Total cost of dismantling and/ or assets to
        yang akan direlokasi.                                                be relocated.
     - Bentuk dan cara kompensasi yang akan                            -     The method of compensation to be provided
        diberikan dan/ atau dibayarkan oleh                                  and/ or paid by the Company (formerly AP2)
        Perusahaan (dahulu AP2) kepada SDM atas                              to SDM for the costs of dismantling and/ or
        biaya pembongkaran dan/ atau aset yang                               assets to be relocated.
        akan direlokasi.

     Pada tanggal 7 Januari 2021, Perusahaan                           On January 7, 2021, the Company
     (dahulu AP2) dan SDM menandatangani                               (formerly AP2) and SDM executed Addendum III
     addendum III Perjanjian Kerjasama Penggunaan                      to the Land Use Cooperation Agreement
     Tanah No. PJJ.04.04/00/01/2021/0322 yang                          No.       PJJ.04.04/00/01/2021/0322,         which
     menyatakan:                                                       stipulates the following:
      - Perusahaan (dahulu AP2) dan SDM                                -    The Company (formerly AP2) and SDM
         menyepakati masa perpanjangan selama 3                             agreed to extend the agreement for 3
         (tiga) tahun atas objek perjanjian seluas                          (three) years for the object of the agreement
         ±643.000 m2 (lahan golf) dari tanggal 7                            of ± 643,000 m2 (golf land) effective from
         Januari 2021 sampai dengan maksimal                                January 7, 2021, until a maximum of
         tanggal 6 Januari 2024.                                            January 6, 2024.
      - Bahwa Perusahaan (dahulu AP2) belum
         melaksanakan pembangunan Terminal 4                           -     The Company (formerly AP2) has not
         Bandara Soekarno-Hatta, sehingga Para                               performed the construction of Terminal 4 of
         Pihak menyepakati untuk melaksanakan                                Soekarno-Hatta Airport as the parties agree
         Masa     Perpanjangan      II  sebagaimana                          to carried out the extension period II as
         disepakati dalam Berita Acara Kesepakatan                           agreed on Report of PT Angkasa Pura II
         Kerjasama Penggunaan Tanah PT Angkasa                               Land Use Agreement No. BAC.15.02/00/
         Pura               II              (Persero)                        01/ 2021/0405 dated January 4, 2021.
         No. BAC.15.02/00/01/2021/0405         tanggal
         4 Januari 2021.
      - Perusahaan (dahulu AP2) dapat melakukan                        -     The Company (formerly AP2) may
         survei topografi dan soil investigation serta                       conduct topography and soil investigation
         kegiatan lainnya yang berhubungan dengan                            surveys and other activities related to the
         perencanaan pembangunan Terminal 4                                  development planning of Terminal 4 of
         Bandara Soekarno-Hatta di area Obyek                                Soekarno-Hatta Airport in the Agreement
         Perjanjian, dan SDM akan memberikan                                 Object area and SDM provides access and
         akses dan mengijinkan Perusahaan (dahulu                            allows the Company (formerly AP2) to
         AP2) untuk melakukan kegiatan tersebut.                             carry out these activities.




                                                         229
Page 699
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  v) PT Sanggraha Daksa Mitra (“SDM”) (lanjutan)                   v) PT Sanggraha Daksa Mitra (“SDM”) (continued)

     Pada tanggal 14 Agustus 2023, Perusahaan                         On August 14, 2023, the Company (formerly
     (dahulu AP2) dan SDM menandatangani                              AP2) and SDM signed Addendum IV of Land Use
     addendum IV Perjanjian Kerjasama Penggunaan                      Cooperation                             Agreement
     Tanah No. PJJ.04.04/00/08/2023/0323 dimana                       No. PJJ.04.04/00/08/2023/0323 wherein the
     Perusahaan (dahulu AP2) dan SDM menyepakati                      Company (formerly AP2) and SDM agreed upon
     antara lain:                                                     the following :
     - Perusahaan (dahulu AP2) dan SDM                                 - The Company (formerly AP2) and SDM
        menyepakati objek perjanjian lahan seluas                         agree that a parcel of land measuring
        ±30.124,64 m2 akan dimanfaatkan sebagai                           ±30,124.64 m2 will be utilized for public
        fasilitas umum (akses jalan publik), kedua                        facilities (public access roads), both parties
        belah pihak bertanggung jawab melakukan                           are responsible for the maintenance,
        pemeliharaan, penerangan listrik, dan pajak                       electricity, and taxes for the said property.
        atas objek tersebut.
     - SDM diberikan waktu untuk melakukan                             -   SDM is given a period to conduct demolition
        pembokaran dan relokasi selambat-lambatnya                         and     relocation     no     later    than
        6 bulan sejak berakhirnya perjanjian.                              6 months after the termination of the
                                                                           agreement.
     -   SDM dihilangkan sebagai salah satu pengelola                  -   SDM is removed as one of the managers of
         gudang lini 2 Cargo Village.                                      warehouse line 2 of the Cargo Village.

     Pada tanggal 21 Agustus 2023, Perusahaan                         On August 21, 2023, Company (formerly AP2)
     (dahulu AP2) dan SDM menandatangani                              and SDM signed Cooperation Agreement on
     Perjanjian Kerja Sama Pemanfaatan Fasilitas                      Utilisation of Commercial Facilities of PT
     Komersial      PT      Angkasa      Pura   II                    Angkasa                    Pura                   II
     No. PJJ.04.04/00/08/2023/0324, jangka waktu                      No. PJJ.04.04/00/08/2023/0324,              period
     terhitung sejak tanggal 7 Januari 2024 sampai                    commencing from 7 January 2024 until 6
     dengan 6 Januari 2027 (Perpanjangan):                            January 2027 (Extension):
     - Objek Perjanjian Tanah/Lahan :                                 - Land/Land Agreement Objects:
       1. ±80.972m dan ±932.875,36m2 peruntukan                            1. ±80,972m2 and ±932,875.36m2 of
          usaha untuk Fasilitas Usaha (Area Golf &                             business allotment for Business Facilities
          Taman Niaga) & Fasilitas Penunjang                                   (Golf Area & Commercial Park) & Other
          Lainnya, bentuk kerja sama konsesi usaha;                            Supporting Facilities, the form of
                                                                               cooperation is business concession;
         2. ±30.124,64 peruntukan Jalan Umum,                              2. ±30,124.64 per allotment of Public Road,
            bentuk kerja sama adalah Bentuk kerja                              the form of cooperation is other forms of
            sama lain yang lebih menguntungkan                                 cooperation that are more favourable to
            Perusahaan (dahulu AP2).                                           the Company (formerly AP2).

     - Imbalan konsesi usaha sebesar 17,3% per                         -   Business concession fee of 17.3% per
       bulan dengan minimum omzet bruto sebesar                            month with minimum omzet bruto of
       Rp18.500 per bulan.                                                 Rp18,500 per month.
     - Untuk objek perjanjian dengan bentuk kerja                      -   For the object of the agreement with other
       sama lain yang lebih menguntungkan, SDM                             forms of cooperation that are more
       memiliki kewajiban meliputi tanggung jawab                          profitable, SDM has obligations including the
       untuk    melakukan       pemeliharaan      dan
                                                                           responsibility to carry out maintenance and
       penerangan listrik; dan tanggung jawab atas
       pajak-pajak yang timbul atas fasilitas komersial                    electricity lighting; and responsibility for
       dimaksud.                                                           taxes arising from the commercial facilities.




                                                          230
Page 700
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                   43. SIGNIFICANT AGREEMENTS (continued)
  v) PT Sanggraha Daksa Mitra (“SDM”) (lanjutan)                  v) PT Sanggraha Daksa Mitra (“SDM”) (continued)
     Pada tanggal 24 Juli 2025, Perusahaan dan SDM                   On July 24, 2025, the Company and SDM agreed
     sepakat     untuk    mengakhiri    kerja   sama                 to terminate the cooperation as set forth in the
     sebagaimana dituangkan dalam Berita Acara                       Report of Agreement for the Termination of the
     Kesepakatan Pengakhiran Perjanjian Kerja Sama                   Cooperation Agreement for the Utilization of
     Pemanfaatan Fasilitas Komersial PT Angkasa                      Commercial Facilities of PT Angkasa Pura II,
     Pura II No. PJJ.04.04/00/08/2023/0324 antara                    No.       PJJ.04.04/00/08/2023/0324,          between
     PT Angkasa Pura Indonesia dan PT Sanggraha                      PT Angkasa Pura Indonesia and PT Sanggraha
     Daksamitra, yang tercatat dalam dokumen No.                     Daksamitra, which is recorded under document
     BAC.CGK.GMC.1213/PR.03.01.04/2025           dan                 No. BAC.CGK.GMC.1213/PR.03.01.04/2025, and
     berlaku efektif sejak 1 September 2025.                         becomes effective as of September 1, 2025. The
     Kesepakatan tersebut memuat hal-hal berikut:                    agreement includes the following matters:
     - Para Pihak dengan iktikad baik berdasarkan                     - The Parties, in good faith and pursuant to
       pasal 1338 KUHPerdata akan mengakhiri PKS                         Article 1338 of the Indonesian Civil Code,
       0324 terhitung sejak tanggal 1 September                          agree to terminate Cooperation Agreement
       2025                                                              No. 0324 effective as of September 1, 2025.
     - Terhitung sejak tanggal pengakhiran, seluruh                   - As of the termination date, all business
       fasilitas usaha yang dibangun, ditempatkan,                       facilities constructed, installed, or attached by
       atau dilekatkan oleh SDM pada Fasilitas                           SDM to the Company’s Commercial Facilities
       Komersial milik Perusahaan menjadi milik                          shall become the property of the Company
       Perusahaan tanpa kompensasi dalam bentuk                          without any form of compensation, and SDM is
       apa pun dan wajib diserahkan oleh SDM                             obliged to hand them over to the Company on
       kepada       Perusahaan       pada     tanggal                    the termination date.
       pengakhiran.
     SDM telah menyerahkan seluruh aset terkait                      SDM has handed over all related assets to the
     kepada Perusahaan sesuai dengan Berita Acara                    Company in accordance with the Report of
     Serah Terima Pengembalian Fasilitas Usaha dan                   Handover for the Return of Business Facilities and
     Fasilitas Komersial Perusahaan tanggal 25                       Commercial Facilities of the Company dated
     Agustus 2025, dan aset tersebut telah dicatat                   August 25, 2025, and the assets have been
     oleh Perusahaan sebagai properti investasi                      recorded by the Company as investment property
     dengan nilai sebesar Rp235.200 berdasarkan                      at a value of Rp235,200 based on a fair valuation
     penilaian wajar oleh KJPP Joko Suratno.                         conducted by KJPP Joko Suratno.

  w) PT Republik Manor Propertindo (“RMP”)                        w) PT Republik Manor Propertindo (“RMP”)

     Perusahaan mengadakan Perjanjian Kerja Sama                     The Company entered into a Commercial Facilities
     Pemanfaatan Fasilitas Komersial dengan RMP di                   Utilization Cooperation Agreement with RMP
     area Bandara Soekarno-Hatta seluas 1.020.000                    within the Soekarno-Hatta Airport area covering
     m² berdasarkan Berita Acara Kesepakatan                         1,020,000 m², pursuant to the Report of
     Perjanjian Kerja Sama Pemanfaatan Fasilitas                     Agreement for the Commercial Facilities
     Komersial No. BAC.DC.1210/KU.07/2025 tanggal                    Utilization Cooperation No. BAC.DC.1210/KU.07/
     15 Agustus 2025 dan Perjanjian Kerja Sama                       2025 dated August 15, 2025, and the Commercial
     Pemanfaatan      Fasilitas  Komersial    No.                    Facilities Utilization Cooperation Agreement
     PJJ.DC.0081/KB.03/2026 tanggal 26 Januari                       No. PJJ.DC.0081/KB.03/2026 dated January 26,
     2026.                                                           2026.

     Perjanjian tersebut berlaku selama 15 (lima                     The agreement is valid for 15 (fifteen) years,
     belas) tahun, terhitung sejak 1 September 2025                  effective from September 1, 2025 until August 31,
     sampai dengan 31 Agustus 2040.                                  2040.
     Dalam perjanjian ini, Perusahaan menyewakan                     Under this agreement, the Company leases
     bangunan dan lahan serta utilitas komersial untuk               buildings, land, and commercial utilities for the
     pengelolaan fasilitas usaha, fasilitas penunjang,               operation of business facilities, supporting
     dan jalan umum. Perusahaan juga memperoleh                      facilities, and public access roads. The Company
     pendapatan konsesi yang dihitung berdasarkan                    also receives concession revenue calculated
     persentase tertentu dari jumlah pendapatan kotor.               based on a specified percentage of gross
                                                                     revenue.

                                                         231
Page 701
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  x) Kerjasama   Penyelenggaraan     Perkeretaapian             x) Cooperation Arrangement of Airport Railway
     Bandara

     Pada tanggal 7 Juli 2015, Perusahaan (dahulu                  On July 7, 2015, the Company (formerly AP2)
     AP2)           mengadakan           perjanjian                entered into an agreement No. HK.223/VII/5/KA-
     No. HK.223/VII/5/KA-2015,                                     2015, No. PJJ.15.01/00.1/07/2015/0061 and
     No. PJJ.15.01/00.1/07/2015/0061           dan                 No. RL/DIR/028/VII/2015 with KAI and Railink
     RL/DIR/028/VII/2015 dengan KAI dan Railink                    (“the Parties”). This agreement is valid since the
     (”Para Pihak”). Perjanjian ini berlaku sejak                  signing of the Agreement until the end of the
     penandatanganan Perjanjian sampai dengan                      Concession Period. The scope of Cooperation
     berakhirnya Masa Konsesi. Ruang Lingkup                       Arrangement of Airport Railway is Railway
     Kerjasama Penyelenggaraan Perkeretaapian                      Infrastructure Implementation service including
     Bandara    ialah    Penyelenggaraan   sarana                  construction,        procurement,       operation,
     Perkeretaapian      meliputi    pembangunan,                  maintenance, and operation of infrastructure.
     pengadaan, pengoperasian, perawatan, dan
     pengusahaan sarana.

     Perusahaan (dahulu AP2) beserta Para Pihak                     The Company (formerly AP2) and the Parties
     sepakat bahwa Kerjasama Penyelenggaraan                        agreed that the Cooperation Arrangement of
     Perkeretaapian Bandara ini menggunakan skema                   Airport Railway will use the following profit
     bagi hasil dengan ketentuan sebagai berikut:                   sharing scheme:
      Perhitungan      nilai  bagi hasil     adalah                 The calculation of the profits is based on
        berdasarkan EBITDA dikurangi dengan                           EBITDA less the payment of the debt;
        pembayaran utang;
      Nilai bagi hasil yang ditentukan, mengacu                     The profit sharing portions are referred to the
        kepada laporan keuangan Railink dan                           Railink’s financial statements and is based on
        dilakukan berdasarkan proporsi realisasi                      the proportion of the realization of the Company
        Perusahaan (dahulu AP2) dan Para Pihak;                       (formerly AP2) and the Parties;
      Pembayaran Bagi Hasil mulai dilakukan pada                    Payment of Profit Sharing begin in the third
        tahun ketiga setelah penyelenggaraan Kereta                   year after the Soekarno-Hatta Airport
        Api Bandara Soekarno-Hatta (“Basoetta”)                       (“Basoetta”) Railway is fully operational for 1
        beroperasi penuh untuk 1 (satu) tahun                         (one) year budget.
        anggaran.

     Pada tanggal 25 April 2022, para pihak                         On April 25, 2022, the parties perform the
     melaksanakan Amandemen dan Pernyataan                          Amandement and Restatement of Master
     Kembali     Perjanjian  Induk     Antara   KAI,                Agreement between KAI, the Company (formerly
     Perusahaan (dahulu AP2), Railink, dan PT Kereta                AP2), Railink, and PT Kereta Commuter
     Commuter Indonesia (KCI) yang menyepakati                      Indonesia (KCI) that agreed the implementation
     sehubungan dengan adanya pelaksanaan                           of KA Basoetta asset transfer transaction. Railink
     transaksi pengalihan aset KA Basoetta, Railink                 agrees to innovate, hand over and transfer it to
     sepakat untuk melakukan novasi, menyerahkan                    KCI while KCI agrees to accept the transfer, all
     dan mengalihkan kepada KCI, sementara KCI                      rights, obligations and the interest of Railink
     setuju untuk menerima Pengalihan, seluruh hak,                 according to the initial agreement.
     kewajiban, dan kepentingan Railink sesuai
     Perjanjian Awal.

     Pada tanggal 26 Juni 2022, Perusahaan (dahulu                  On June 26, 2022, the Company (formerly AP2)
     AP2) dan Railink menandatangani perjanjian                     and Railink signed a cooperation agreement for
     kerjasama pemanfaatan fasilitas komersial di                   the utilization of commercial facilities of
     Bandara Soekarno-Hatta untuk periode 2 Januari                 at Soekarno-Hatta Airport for the period from
     2018 hingga 31 Desember 2022. Tarif                            January 2, 2018, to December 31, 2022. The
     pemanfaatan adalah sebesar Rp60.000 (nilai                     utilization fee is Rp60,000 (full amount) per m2 per
     penuh) per m2 per bulan.                                       month.




                                                       232
Page 702
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  x) Kerjasama Penyelenggaraan       Perkeretaapian             x) Cooperation Arrangement of Airport Railway
     Bandara (lanjutan)                                            (continued)

     Berdasarkan keputusan pemegang saham di luar                   Based on Railink’s shareholders decision in lieu
     rapat umum pemegang saham (Sirkuler) Railink                   of general meeting of shareholder (Circular)
     tentang persetujuan transaksi pengalihan bisnis                regarding approval of transaction for the transfer
     kereta api bandara Soekarno-Hatta tanggal 26                   of Soekarno-Hatta airport train business dated
     Desember 2022 dan Perusahaan (dahulu AP2)                      December            26,        2022            and
     tanggal 27 Desember 2022, telah disetujui                      the    Company       (formerly    AP2)       dated
     pengalihan bisnis pengoperasian kereta api                     December 27, 2022, the transfer of the railroad
     Bandar    Udara      Soekarno-Hatta   termasuk                 Soekarno-Hatta international airport has been
     pemanfaatan        fasilitas   penyelenggaraan                 approved including utilization of the railroad
     perkeretaapian di area Airport Railways Station                operation facilities in airport railways station
     (ARS) dari Railink kepada KCI.                                 (ARS) from Railink to KCI.

     Pada tanggal 5 Desember 2023, Perusahaan                       On December 5, 2023, the Company (formerly
     (dahulu AP2) dan KCI mengadakan perjanjian                     AP2) and KCI entered into agreement to utilize
     untuk memanfaatkan Airport Railway Station dan                 the Airport Railway Station and Soekarno Hatta
     jalur kereta api Bandar Udara Internasional                    international airport railway. This agreement is
     Soekarno Hatta. Perjanjian ini berlaku selama 5                valid for 5 years starting from January 1, 2023
     tahun terhitung sejak 1 Januari 2023 sampai                    until December 31, 2027.
     dengan 31 Desember 2027.

     Pada tanggal 21 September 2023, AVI dan                        On September 21, 2023, AVI and Railink
     Railink   mengadakan      perjanjian   tentang                 established an agreement regarding the
     kerjasama sewa/pemanfaatan dan imbalan                         collaboration for rent/utilization and concession
     konsesi di Bandar Udara Internasional                          compensation at Kualanamu International
     Kualanamu dengan dengan jangka waktu                           Airport. The period of this collaboration is from
     kerjasama tanggal 25 Juli 2022 sampai dengan                   July 25, 2022 to December 31, 2023. On July 1,
     31 Desember 2023. Pada tanggal 1 Juli 2025,                    2025 the Agreement has been extended to
     Perjanjian tersebut telah diperpanjang sampai                  December 31, 2026.
     dengan 31 Desember 2026.

  y) Kerja Sama Pemanfaatan Fasilitas Komersial                 y) Commercial Facilities Utilization Cooperation

     Pada tanggal 25 Maret 2024, Perusahaan (dahulu                 On March 25, 2024, the Company (formerly AP2)
     AP2) mengadakan perjanjian dengan GMF                          entered into an agreement with GMF under
     berdasarkan                         Perjanjian                 Agreement No. PJJ.04.04/00/03/2024/0069 and
     No. PJJ.04.04/00/03/2024/0069             dan                  No. GMF/PERJ./DC-3023/2024 for the utilization
     No. GMF/PERJ./DC-3023/2024               untuk                 of 972,123 m² of the Company’s land at
     pemanfaatan lahan Perusahaan seluas 972.123                    Soekarno-Hatta     Airport  and     business
     m² di Bandara Soekarno-Hatta serta konsesi                     concessions at 16 airports operated by the
     usaha di 16 bandara yang dikelola Perusahaan                   Company for MRO activities.
     (dahulu AP2) untuk kegiatan MRO.

     Jangka waktu perjanjian berlaku sejak 1 Januari                The agreement period is effective from January 1,
     2022 sampai dengan 31 Desember 2026. Atas                      2022 until December 31, 2026. Under this
     perjanjian tersebut, Perusahaan (dahulu AP2)                   agreement, the Company (formerly AP2) is
     berhak menerima imbalan konsesi usaha sebesar                  entitled to receive a business concession fee
     1,25% per bulan dari omzet serta biaya sewa                    amounting to 1.25% per month of revenue, as
     lahan.                                                         well as land lease charges.




                                                       233
Page 703
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                  43. SIGNIFICANT AGREEMENTS (continued)

  y) Kerja Sama Pemanfaatan Fasilitas Komersial                  y) Commercial Facilities Utilization Cooperation
     (lanjutan)                                                     (continued)

     Pada tanggal 8 Desember 2025, Perusahaan                        On December 8, 2025, the Company entered into
     melakukan addendum terhadap perjanjian                          an addendum to the agreement with GMF under
     dengan     GMF      berdasarkan     Addendum                    Addendum No. PJJ.DC.0115/PR.03.01.04/2025
     No. PJJ.DC.0115/PR.03.01.04/2025          dan                   and No. GMF/PERJ./DC-3023/2024/2025. The
     No. GMF/PERJ./DC-3023/2024/2025.        Pokok                   key amendments include the removal of the land
     perubahan dalam addendum tersebut meliputi                      lease clause following the land inbreng
     penghapusan klausul sewa lahan sehubungan                       transaction (Note 13a), and the revision of the
     dengan transaksi inbreng lahan (Catatan 13a),                   business concession fee to 2.85% per month of
     serta perubahan imbalan konsesi usaha menjadi                   revenue.
     sebesar 2,85% per bulan dari omzet.

  z) PT Jasa Angkasa Semesta Tbk. (“JAS”)                        z) PT Jasa Angkasa Semesta Tbk. (“JAS”)

     Pada tanggal 1 November 2022, Perusahaan                        On November 1, 2022, the Company (formerly
     (dahulu AP1) menandatangani Perjanjian                          AP1) signed a Revenue Sharing Cooperation
     Kerjasama Pembagian Pendapatan dengan JAS,                      Agreement with JAS, where JAS acts as the
     dimana JAS bertindak sebagai Cargo Terminal                     Cargo Terminal Operator at Juanda International
     Operator di Bandara Internasional Juanda,                       Airport, Surabaya. The agreement is valid from
     Surabaya.    Perjanjian   ini  berlaku   dari                   September 1, 2023, to August 31, 2028, for a
     1 September 2023 hingga 31 Agustus 2028 untuk                   period of five years, as per Operational Report
     jangka waktu lima tahun, sesuai dengan Berita                   No. BA.SUB.88/KB.03/2024.
     Acara Operasional No. BA.SUB.88/KB.03/2024.

     Pada tanggal 1 November 2022, Perusahaan                        On November 1, 2022, the Company (formerly
     (dahulu AP1) juga menandatangani Perjanjian                     AP1) also signed a Revenue Sharing
     Kerjasama Pembagian Pendapatan dengan JAS,                      Cooperation Agreement with JAS, under which
     dimana JAS bertindak sebagai Cargo Terminal                     JAS acts as the Cargo Terminal Operator at
     Operator di Bandara Internasional Ngurah Rai,                   Ngurah Rai International Airport, Denpasar. The
     Denpasar. Perjanjian ini berlaku dari 1 Agustus                 agreement is effective from August 1, 2023, to
     2023 hingga 31 Juli 2028 untuk jangka waktu lima                July 31, 2028, for a period of five years, as stated
     tahun, sesuai dengan Berita Acara Operasional                   in        Operational            Report          No.
     No. BA.DPS.CD.63/KB.03/2024.                                    BA.DPS.CD.63/KB.03/2024.

     Pada tanggal 27 Mei 2024, Perusahaan (dahulu                    On May 27, 2024, the Company (formerly AP2)
     AP2) menandatangani Perjanjian Kerjasama                        signed a Cooperation Agreement on the
     Pemanfaatan Fasilitas Komersial dengan JAS,                     Utilization of Commercial Facilities with JAS,
     dimana JAS bertindak sebagai Cargo Terminal                     where JAS acts as the Cargo Terminal Operator
     Operator di Bandara Internasional Soekarno-                     at     Soekarno-Hatta  International    Airport,
     Hatta, Cengkareng. Perjanjian ini berlaku dari 1                Cengkareng. The agreement is valid from
     November 2023 hingga 31 Oktober 2026.                           November 1, 2023, to October 31, 2026.


     Pada tanggal 25 Februari 2025, Perusahaan dan                   On February 25, 2025, the Company and JAS
     JAS menandatangani addendum Perjanjian                          signed an addendum to the Cooperation
     Kerjasama Pemanfaatan Fasilitas Komersial                       Agreement on the Utilization of Commercial
     yang menyepakati perubahan objek perjanjian.                    Facilities, agreeing to amend the agreement
                                                                     object.

     Pada tanggal 18 Juni 2025, Perusahaan dan JAS                   On June 18, 2025, the Company and JAS signed
     menandatangani berita acara pembatalan                          the report of cancellation of the addendum to the
     addendum Perjanjian Kerjasama Pemanfaatan                       Cooperation Agreement on the Utilization of
     Fasilitas Komersial tersebut, dan atas perubahan                Commercial Facilities, and a separate report of
     objek perjanjian akan dibuat berita acara                       agreement will be prepared regarding the
     kesepakatan tersendiri. Sampai dengan tanggal                   changes to the agreement’s object. As of the date
     laporan keuangan konsolidasian ini, berita acara                of these consolidated financial statements, the
     tersebut masih dalam proses.                                    report are still in process.

                                                        234
Page 704
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                 43. SIGNIFICANT AGREEMENTS (continued)

  aa) Kerjasama Sewa untuk Infrasktruktur BMN                   aa) Lease Cooperation for BMN Infrastructure

     Pada tahun 2025, Perusahaan dan DJPU                           In 2025, the Company and DJPU agreed to a
     menyepakati perjanjian sewa untuk Infrastruktur                lease arrangement for BMN Infrastructure at five
     BMN pada 5 Bandara dengan detil berikut :                      airports with the following details:


                                                        Masa Sewa
                                                                          Total Nilai/
                  Bandara/           Perjanjian/         (tahun) /                                Objek Perjanjian/
         No                                                              Amount Total
                   Airport           Agreement          Rent Period                                 Rent Object
                                                                             (Rp)
                                                           (year)
         1    Juanda -           HK.201/2/1/DRJU.K           50                1.087.541     Tanah     dengan luas
              Surabaya (SUB)       UM-2025 dan/and                                           1.321.955 m2/
                                          No.                                                Land with an area of
                                 PJJ.DU.0110/HK.04/                                          1,321,955 m²
                                  2025 tanggal/dated
                                  9 Mei/May 9, 2025
         2    Sultan             HK.201/2/1/DRJU.K            50                 584.580     Tanah     dengan luas
              Hasanuddin -         UM-2025 dan/and                                           2.879.371 m2/
              Makassar                    No.                                                Land with an area of
              (UPG)              PJJ.DU.0109/HK.04/                                          2,879,371 m²
                                  2025 tanggal/dated
                                  9 Mei/May 9, 2025
         3    Sultan Thaha -     HK.201/1/21/DRJU.            50                 191.131     Tanah     dengan luas
              Jambi (DJB)        KUM-2025 dan/and                                            1.393.812m2/
                                          No.                                                Land with an area of
                                 PJJ.DU.0106/HK.04/                                          1,393,812 m²
                                  2025 2 Mei/ May 2,
                                         2025
         4    Depati Amir-       HK.201/1/25/DRJU.            50                 234.917     Tanah     dengan luas
              Pangkal Pinang     KUM-2025 dan/and                                            1.349.000 m2/
              (PGK)                       No.                                                Land with an area of
                                 PJJ.DU.0108/HK.04/                                          1,349,000 m²
                                  2025 9 Mei/ May 9,
                                         2025
         5    Minangkabau –      HK.201/1/22/DRJU.            50                 284.814     Tanah     dengan luas
              Padang (PDG)       KUM-2025 dan/and                                            2.039.023 m2/
                                          No.                                                Land with an area of
                                 PJJ.DU.0105/HK.04/                                          2,039,023 m²
                                  2025 2 Mei/ May 2,
                                         2025

     Pada tanggal 6 Mei 2025, Perusahaan telah                      On May 6, 2025, the Company made a payment
     melakukan pembayaran Rp95.351 untuk Sewa                       of Rp95,351 for the BMN Lease to the DJPU
     BMN kepada DJPU cabang SUB, PGK, dan UPG.                      branches in SUB, PGK, and UPG.


     Pada tanggal 30 April 2025, Perusahaan telah                   On April 30, 2025, the Company made a payment
     melakukan pembayaran Rp23.797 untuk Sewa                       of Rp23,797 for the BMN Lease to the DJPU
     BMN kepada DJPU cabang PDG dan DJB.                            branches in PDG and DJB.

     Jumlah tersebut merupakan pembayaran                           This amount represents the initial payment of 5%
     pertama sebesar 5% dari total nilai sewa untuk                 of the total lease value for the 50-year period.
     periode 50 tahun.




                                                       235
Page 705
                                                                 The original consolidated financial statements included herein
                                                                                                   are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


43. PERJANJIAN-PERJANJIAN PENTING (lanjutan)                    43. SIGNIFICANT AGREEMENTS (continued)

  ab) Kerjasama Pengelolaan Parkir                                 ab) Parking Management Cooperation

     Perusahaan      (dahulu    AP2)     memberikan                    The Company (formerly AP2) gives approval to
     persetujuan kepada mitra untuk mengoperasikan                     partners to operate the parking area which is
     area parkir yang terbatas pada fungsi                             limited     to    management,         supervision,
     pengelolaan,      pengawasan,     pemeliharaan,                   maintenance, reporting and service functions in
     pelaporan dan pelayanan sesuai dengan lingkup                     accordance with the scope of work of parking
     pekerjaan pengelolaan parkir seperti mobil,                       management such as cars, motorcycles, buses,
     motor, bus, inap, langganan dan lost parkir.                      overnight, subscriptions and lost parking.

     Pada tanggal 31 Desember 2021, Perusahaan                         On December 31, 2021, the Company (formerly
     (dahulu AP2) mengadakan perjanjian dengan PT                      AP2) entered into an agreement with
     Centrepark Citra Corpora untuk mengelola lahan                    PT Centrepark Citra Corpora to manage the land
     dan fasilitas usaha parkir meliputi:                              and business facilities of parking, covering:
      Terminal 1, 2, area parkir inap dan bus (non                     Terminals 1 and 2, overnight parking area,
        terminal)     Bandar     Udara    Internasional                   and bus area (non-terminal) Bandar Udara
        Soekarno-Hatta                                                    Internasional Soekarno-Hatta
      Bandar Udara Sultan Syarif Kasim                                 Sultan Syarif Kasim Airport
      Bandar Udara Internasional Minangkabau                           Minangkabau International Airport
      Bandar Udara Raden Inten II                                      Raden Inten II Airport
      Bandar Udara Sultan Iskandar Muda                                Sultan Iskandar Muda Airport
      Bandar Udara Fatmawati Soekarno                                  Fatmawati Soekarno Airport
      Bandar Udara Raja Haji Fisabilillah                              Raja Haji Fisabilillah Airport
      Bandar Udara Silangit                                            Silangit Airport

     Jangka waktu perjanjian ini adalah 5 (lima) tahun.                The duration of this agreement is 5 (five) years.
     Perusahaan (dahulu AP2) mendapatkan imbalan                       The Company (formerly AP2) receives
     konsesi usaha dengan nilai presentase usaha                       concession fees at a business percentage value
     63%. Pada akhir tahun akan dilakukan                              of 63%. At the end of the year, a reconciliation will
     rekonsiliasi untuk menentukan Jaminan Minimum                     be conducted to determine the Real Minimum
     Pendapatan Real.                                                  Revenue Guarantee.

     Pada tanggal 30 Maret 2022, Perusahaan                            On March 30, 2022, the Company (formerly AP2)
     (dahulu AP2) mengadakan perjanjian dengan PT                      entered      into     an   agreement       with
     Securindo     Packatama      Indonesia    untuk                   PT Securindo Packatama Indonesia to manage
     mengelola lahan dan fasilitas usaha parkir yang                   the land and the business facilities of parking
     meliputi:                                                         covering:
      Terminal 3 dan kargo Bandar Udara                                Terminal 3 and Cargo Soekarno-Hatta
        Internasional Soekarno-Hatta                                      International Airport
      Bandar Udara Supadio Pontianak                                   Supadio Pontianak Airport
      Bandar Udara Tjilik Riwut Palangkaraya                           Tjilik Riwut Palangkaraya Airport
      Bandar Udara Banyuwangi                                          Banyuwangi Airport
      Bandar Udara SultanThaha Jambi                                   SultanThaha Jambi Airport
      Bandar Udara H.A.S Hanandjoeddin Tanjung                         H.A.S Hanandjoeddin Tanjung Pandan
        Pandan                                                            Airport
      Bandar Udara Depati Amir Pangkal Pinang                          Depati Amir Pangkal Pinang Airport

     Jangka waktu perjanjian ini adalah 5 (lima) tahun.                The duration of this agreement is 5 (five) years.
     Perusahaan (dahulu AP2) mendapatkan imbalan                       The Company (formerly AP2) receives
     konsesi usaha dengan nilai presentase usaha                       concession fees at a business percentage value
     63%. Pada akhir tahun akan dilakukan                              of 63%. At the end of the year, a reconciliation will
     rekonsiliasi untuk menentukan Jaminan Minimum                     be conducted to determine the Real Minimum
     Pendapatan Real.                                                  Revenue Guarantee.




                                                          236
Page 706
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM                              44. CONTINGENCIES AND LAW CASE

  a) Tagihan Denda pembayaran konsesi PNBP                      a) Payment of Non-Tax State Revenue (PNBP)

     Pada tanggal 15 Agustus 2023, DJPU                             On August 15, 2023, DJPU sent a bill for late
     mengirimkan tagihan denda atas keterlambatan                   payment of 2017 concession amounting to
     pembayaran konsesi tahun 2017 sebesar                          Rp52,096 to the Company (formerly AP1) and
     Rp52.096 untuk Perusahaan (dahulu AP1) dan                     Rp60,223 to the Company (formerly AP2), as a
     Rp60.223 untuk Perusahaan (dahulu AP2),                        follow-up to the findings of BPK RI. The bill is due
     sebagai tindak lanjut atas temuan BPK RI.                      on August 22, 2023.
     Tagihan tersebut jatuh tempo tanggal 22 Agustus
     2023.

     Pada tanggal 12 September 2023, Perusahaan                     On September 12, 2023, the Company (formerly
     (dahulu AP1) mengajukan permohonan koreksi                     AP1) submitted a request for correction of the
     surat tagihan denda PNBP 2017 tersebut karena                  2017 PNBP penalty invoice because the
     Perusahaan (dahulu AP1) telah melakukan                        Company (formerly AP1) had made immediate
     pembayaran segera pada saat menerima surat                     payment upon receipt of the 2017 concession
     tagihan konsesi tahun 2017.                                    invoice.

     Pada tanggal 13 September 2023, Perusahaan                    On September 13, 2023, the Company (formerly
     (dahulu AP2) juga mengajukan permohonan                       AP2) also submitted a request for correction of
     koreksi surat tagihan denda PNBP 2017 tersebut                the 2017 PNBP penalty invoice because the
     karena Perusahaan (dahulu AP2) telah                          Company (formerly AP2) had made immediate
     melakukan pembayaran segera pada saat                         payment upon receipt of the 2017 concession
     menerima surat tagihan konsesi tahun 2017.                    invoice.

     DJPU mengirimkan kembali tagihan kedua atas                    DJPU sent a second invoice for late payment of
     denda keterlambatan pembayaran konsesi tahun                   concession fees in 2017 to the Company
     2017 kepada Perusahaan (dahulu AP1 dan AP2)                    (formerly AP1 and AP2) on October 2, 2023.
     pada tanggal 2 Oktober 2023.

     DJPU mengirimkan kembali tagihan ketiga atas                   The DJPU sent the third invoice for late payment
     denda keterlambatan pembayaran konsesi tahun                   penalty of 2017 concession to the Company
     2017 kepada Perusahaan (dahulu AP1 dan AP2)                    (formerly AP1 and AP2) on December 4, 2023.
     pada tanggal 4 Desember 2023. Pada tanggal 8                   On January 8, 2024 and March 4, 2024, the
     Januari 2024 dan 4 Maret 2024, Perusahaan                      Company (formerly AP2) and the Company
     (dahulu AP2) dan Perusahaan (dahulu AP1) telah                 (formerly AP1) has paid the fine amounting to
     melakukan     pembayaran     denda    sebesar                  Rp60,223 and Rp52,096.
     Rp60.223 dan Rp52.096 tersebut.

     Pada tanggal 16 Desember 2024, Perusahaan                     On December 16, 2024, the Company submitted
     mengirimkan Surat Pengajuan Keberatan atas                    a Letter of Objection to the Late Payment Penalty
     Denda Keterlambatan Pembayaran Konsesi Jasa                   for Airport Service Concessions for the year 2017,
     Kebandarudaraan tahun 2017 yang menyatakan                    expressing its objections to DJPU.
     keberatan kepada DJPU.

     Pada tanggal 13 Maret 2025, DJPU mengirimkan                  On March 13, 2025, the DJPU sent a Response
     Surat Tanggapan Pengajuan Keberatan atas                      Letter regarding the Objection Submission for the
     Denda Keterlambatan Pembayaran Konsesi Jasa                   Late Payment Penalty of the 2017 Airport
     Kebandarudaraan Tahun 2017 yang menyatakan                    Services Concession, stating that the DJPU has
     bahwa DJPU telah memproses penundaan denda                    processed the deferment of the 2017 concession
     konsesi tahun 2017 sesuai dengan ketentuan                    penalty in accordance with the applicable
     yang berlaku.                                                 regulations.




                                                       237
Page 707
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                   44. CONTINGENCIES AND LAW CASE (continued)

  a) Tagihan Denda pembayaran konsesi PNBP                      a) Payment of Non-Tax State Revenue (PNBP)
     (lanjutan)                                                    (continued)

     Perusahaan memutuskan untuk menerima surat                    The Company has decided to accept the
     tanggapan tersebut dan mencatat pembayaran                    response letter and recognize the payment as an
     tersebut sebagai beban pada laporan laba rugi                 expense in the consolidated statement of profit or
     konsolidasian 31 Desember 2024 (Catatan 34).                  loss for the year ended December 31, 2024 (Note
                                                                   34).

  b) Sengketa Pajak Pajak Bumi dan Bangunan                     b) Dispute on Kulonprogo International Airport
     (“PBB”) Bandar Udara Internasional Kulonprogo                 (“YIA”) Property Tax (“PBB”)
     (“YIA”)

     Pada tanggal 30 September 2021, Perusahaan                     On September 30, 2021, the Company (formerly
     (dahulu AP1) menerima tagihan PBB YIA Tahun                    AP1) received a YIA PBB bill for the year 2021
     2021 sebesar Rp28.088 Terdapat kenaikan                        amounting to Rp28,088. There was an increase
     NJOP Bumi sebesar 626% yang semula Rp702                       in the Land NJOP by 626% from Rp702 (full
     (nilai penuh) menjadi Rp5.095 (nilai penuh).                   amount) to Rp5,095 (full amount).

     Pada tanggal 27 Desember 2021, Perusahaan                      On December 27, 2021, the Company (formerly
     (dahulu AP1) telah mengajukan keberatan atas                   AP1) filed an objection to the 2021 Tax Payable
     Surat Pemberitahuan Pajak Terhutang (“SPPT“)                   Notification Letter (“SPPT“) with the Regent of
     PBB Tahun 2021 kepada Bupati Kulon Progo dan                   Kulon Progo and proposed that the amount of tax
     mengusulkan jumlah pajak terutang menurut                      owed by the taxpayer was Rp7,865 for the year
     wajib pajak adalah sebesar Rp7.865 untuk tahun                 2021.
     2021.

     Pada tanggal 17 Mei 2022, Bupati Kulon Progo                   On May 17, 2022, the Regent of Kulon Progo
     telah menerbitkan Surat Penolakan Keberatan.                   issued a Rejection Letter for the Objection.
     Oleh karena itu, Perusahaan (dahulu AP1) telah                 Consequently, the Company (formerly AP1)
     mengajukan Surat Permohonan Banding Pajak                      submitted a Tax Appeal Petition to the Chairman
     kepada Ketua Pengadilan Pajak dan telah                        of the Tax Court and obtained tax dispute case
     memperoleh nomor sengketa pajak No.                            number 008873.26/2022/PP. The final hearing
     008873.26/2022/PP. Sidang terakhir telah                       was held on June 15, 2023, at the Tax Court
     dilaksanakan pada tanggal 15 Juni 2023 di                      located in the State Finance Building (Gedung
     Pengadilan Pajak yang berlokasi di Gedung                      Keuangan Negara) Yogyakarta, conducted in
     Keuangan Negara Yogyakarta secara tatap                        person, with the agenda of Submission of
     muka, dengan agenda Penyerahan Kesimpulan                      Conclusions by both Parties.
     oleh Para Pihak.

     Pada tanggal 14 September 2023, telah dilakukan                On September 14, 2023, the Panel of Judges
     pengucapan putusan Majelis Hakim yang pada                     pronounced a verdict essentially granting the
     pokoknya mengabulkan permohonan Banding                        appeal of the Appellant, thus reducing the
     Pemohon Banding, sehingga pajak yang harus                     Company’s (formerly AP1) tax liability to Rp7,865
     dibayar Perusahaan (dahulu AP1) menjadi                        from the previous amount according to the SPPT
     Rp7.865 dari sebelumnya sesuai SPPT sebesar                    of Rp28,088.
     Rp28.088.

     Bahwa pada tanggal 21 Desember 2023 diterima                   On December 21, 2023, the review application for
     relaas permohonan Peninjauan Kembali dari                      Reconsideration was received from the Clerk of
     Panitera Pengadilan Pajak, dengan pemohon                      the Tax Court, with the applicant for
     Peninjauan Kembali Pemerintah Kabupaten                        Reconsideration being the Kulon Progo Regency
     Kulon Progo.                                                   Government.




                                                       238
Page 708
                                                            The original consolidated financial statements included herein
                                                                                              are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                    PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                               As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                              (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                 44. CONTINGENCIES AND LAW CASE (continued)

  b) Sengketa Pajak Pajak Bumi dan Bangunan                   b) Dispute on Kulonprogo International Airport
     (“PBB”) Bandar Udara Internasional Kulonprogo               (“YIA”) Property Tax (“PBB”) (continued)
     (“YIA”) (lanjutan)

     Pada tanggal 24 September 2024, telah                        On September 24, 2024, the Supreme Court of
     diterbitkan Putusan Mahkamah Agung Republik                  the Republic of Indonesia issued a decision on
     Indonesia atas permohonan Peninjauan Kembali                 the Judicial Review petition against the Tax Court
     terhadap Putusan Pengadilan Pajak tanggal 14                 Decision dated September 14, 2023, in which the
     September 2023, yang amar putusannya                         Supreme Court rejected the Judicial Review
     menolak permohonan Peninjauan Kembali dari                   petition filed by the Regency Government of
     Pemerintah Kabupaten Kulon Progo.                            Kulon Progo.

     Pada tanggal 8 Juni 2022, Perusahaan (dahulu                 On June 8, 2022, the Company (formerly AP1)
     AP1) menerima tagihan PPB YIA Tahun 2022                     received the 2022 YIA PPB assessment
     sebesar Rp28.088 (SPPT tertanggal 31 Mei                     amounting to Rp28,088 (based on the Tax
     2022) dimana terdapat kenaikan NJOP Bumi                     Assessment Letter dated May 31, 2022), in which
     sebesar 626% yang semula Rp702 (nilai penuh)                 there was an increase of 626% in the land’s Tax
     menjadi Rp5.095 (nilai penuh).                               Object Sale Value (NJOP), from Rp702 (full
                                                                  amount) to Rp5,095 (full amount).

     Pada tanggal 6 September 2022, Perusahaan                    On September 6, 2022, the Company (formerly
     (dahulu AP1) telah mengajukan keberatan atas                 AP1) filed an objection against the 2022 PBB
     SPPT PBB Tahun 2022 kepada Bupati Kulon                      SPPT to the Regent of Kulon Progo, and on
     Progo dan pada tanggal 15 September 2022,                    September 15, 2022, the Regent of Kulon Progo
     Bupati Kulon Progo telah menerbitkan Surat                   issued a Letter of Rejection of the Objection.
     Penolakan Keberatan. Oleh karena itu,                        Therefore, the Company (formerly AP1)
     Perusahaan (dahulu AP1) telah mengajukan                     submitted a Tax Appeal Request to the Chairman
     surat Permohonan Banding Pajak kepada Ketua                  of the Tax Court, which is registered under the
     Pengadilan Pajak yang terdaftar dalam berkas                 dispute file No. 014083.26/2022/PP.
     sengketa No. 014083.26/2022/PP.

     Bahwa telah dilaksanakan sidang terakhir pada                The final hearing was held on October 26, 2023,
     tanggal 26 Oktober 2023 di Pengadilan Pajak                  at the Tax Court located at the State Finance
     yang bertempat di Gedung Keuangan Negara                     Building in Yogyakarta, conducted in person, with
     Yogyakarta secara tatap muka dengan agenda                   the agenda being the submission of conclusions
     Penyerahan Kesimpulan oleh Para Pihak.                       by the parties involved.

     Pada tanggal 30 Juli 2024, telah dilakukan                   On July 30, 2024, the Panel of Judges delivered
     pengucapan putusan Majelis Hakim yang pada                   its ruling, which essentially granted in full the
     pokoknya mengabulkan seluruhnya permohonan                   appeal filed by the Appellant. As a result, the tax
     banding Pemohon Banding, sehingga pajak yang                 payable by the Company (formerly AP1) was
     harus dibayar Perusahaan (dahulu AP1) menjadi                reduced to Rp7,865, from the previous amount of
     Rp 7.865 dari sebelumnya sesuai SPPT sebesar                 Rp28,088 as stated in SPPT.
     Rp28.088.

     Bahwa pada tanggal 21 Januari 2025 diterima                  On January 21, 2025, the Company received the
     relaas permohonan Peninjauan Kembali (PK) dan                official notification of the Judicial Review (PK)
     pengiriman Memori Peninjauan Kembali dari                    petition along with the submission of the Judicial
     Wakil Panitera Pengadilan Pajak, dengan                      Review Memorandum from the Deputy Registrar
     pemohon Peninjauan Kembali Pemerintah                        of the Tax Court, with the Judicial Review
     Kabupaten Kulon Progo.                                       Applicant being the Regency Government of
                                                                  Kulon Progo.




                                                     239
Page 709
                                                              The original consolidated financial statements included herein
                                                                                                are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                      PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                   44. CONTINGENCIES AND LAW CASE (continued)

  b) Sengketa Pajak Pajak Bumi dan Bangunan                     b) Dispute on Kulonprogo International Airport
     (“PBB”) Bandar Udara Internasional Kulonprogo                 (“YIA”) Property Tax (“PBB”) (continued)
     (“YIA”) (lanjutan)

     Pada tanggal 19 Februari 2025 telah disampaikan                On February 19, 2025, the Company submitted
     Kontra Memori Peninjauan Kembali (KMPK)                        the Counter-Memorandum for Judicial Review
     Nomor SPY.DK.022/II/2025 kepada Ketua                          (KMPK) No. SPY.DK.022/II/2025 to the Chief
     Mahkamah Agung Republik Indonesia melalui                      Justice of the Supreme Court of the Republic of
     Ketua Pengadilan Pajak atas Memori Peninjauan                  Indonesia through the Chief Judge of the Tax
     Kembali yang diajukan oleh Pemohon Peninjauan                  Court, in response to the Judicial Review
     Kembali terhadap Putusan Pengadilan Pajak                      Memorandum filed by the Judicial Review
     No. PUT-014083.26/2022/PP/M.IVB Tahun 2024                     Applicant against the Tax Court Decision
     dan sampai dengan tanggal laporan keuangan                     No. PUT-014083.26/2022/PP/M.IVB of 2024. As
     konsolidasian, Perusahaan masih menunggu                       of the date of the consolidated financial
     Putusan.                                                       statements, the Company is still awaiting the
                                                                    decision.

  c) Gugatan Perdata      dari   CV   Nusa   Teknik             c) Civil lawsuit from CV Nusa Teknik Cemerlang
     Cemerlang

     Bahwa pihak-pihak dalam Gugatan ini adalah                     That the parties in this lawsuit are the Plaintiff, CV
     Penggugat CV Nusa Teknik Cemerlang                             Nusa Teknik Cemerlang (the Plaintiff), against the
     (Penggugat) Melawan Tergugat: General                          Defendant: the General Manager of, Sultan
     Manager Cabang Bandar Udara Sultan                             Hasanuddin Airport Branch; Co-Defendant I: the
     Hasanuddin,   Turut   Tergugat  I:  Direksi                    Company’s Board of Directors (formerly AP1);
     Perusahaan (dahulu AP1), Turut Tergugat II:                    Co-Defendant II: the General Manager of the
     General Manager Perusahaan (dahulu AP1)                        Company (formerly AP1), Lombok Praya Airport
     cabang Bandar Udara Lombok Praya dan Turut                     Branch; and Co-Defendant III: the General
     Tergugat III: General Manager Perusahaan                       Manager of the Company (formerly AP1), Sam
     (dahulu AP1) Cabang Bandar Udara Sam                           Ratulangi Airport Manado Branch.
     Ratulangi Manado.

     Adapun nilai tuntutan dalam gugatan sebesar                    The claim value in the lawsuit amounts to
     Rp3.529 untuk kerugian materil dan immateril                   Rp3,529 for material losses and Rp15,000 for
     sebesar Rp15.000 atas pekerjaan Pemeliharaan                   immaterial losses related to the routine
     Rutin AC Central, Pekerjaan Perbaikan Elektro                  maintenance of the central air conditioning, repair
     Motor Chiller Water Pump di Bandara UPG;                       work on the electro motor chiller water pump at
     Pekerjaan Pemeliharaan, Perawatan dan                          UPG Airport; maintenance, care, and operation of
     Pengoperasian Peralatan Tata Udara di Terminal,                air conditioning equipment at the terminal, and
     dan Pekerjaan Pemeliharaan Fasilitas gedung                    maintenance work on the office building facilities,
     Perkantoran, GH, dan Rumah Dinas GM serta                      guest house, and official residence of the General
     Fasilitas Water Supply System di Bandara                       Manager, as well as the water supply system
     Lombok, dan Pekerjaan Pemeliharaan Fasilitas                   facilities at Lombok Airport, and maintenance
     Mekanikal di Bandara Sam Ratulangi Manado.                     work on mechanical facilities at Sam Ratulangi
                                                                    Manado Airport.

     Pengadilan Negeri Maros pada tanggal 21                        The District Court of Maros on November 21,
     November 2024 dan Pengadilan Tinggi Makassar                   2024 and the High Court of Makassar on June 3,
     pada tanggal 3 Juni 2025 masing-masing telah                   2025 each issued decisions declaring the
     mengeluarkan putusan yang menyatakan                           Plaintiff/Appellant’s lawsuit inadmissible (NO).
     gugatan Penggugat/Pembanding tidak dapat
     diterima (NO).




                                                       240
Page 710
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                    44. CONTINGENCIES AND LAW CASE (continued)

  c) Gugatan Perdata      dari   CV   Nusa    Teknik             c) Civil lawsuit from CV Nusa Teknik Cemerlang
     Cemerlang

     Bahwa pada bulan Juni 2025, Penggugat telah                     In June 2025, the Plaintiff submitted and declared
     menyatakan dan mengajukan upaya hukum                           a Petition for Cassation to the Supreme Court of
     Kasasi kepada Mahkamah Agung Republik                           the Republic of Indonesia against the Decision of
     Indonesia atas Putusan Pengadilan Tinggi                        the High Court of Makassar. Subsequently, on
     Makassar. Selanjutnya, pada tanggal 2 Juli 2025,                July 2, 2025, the Defendants and Co-Defendants,
     para Tergugat dan Turut Tergugat selaku                         as Respondents to the Cassation petition,
     Termohon Kasasi telah mengajukan Kontra                         submitted their Counter-Cassation Memorandum
     Memori Kasasi terhadap permohonan Kasasi                        in response to the Plaintiff’s Cassation filing.
     tersebut.

     Berdasarkan data dalam Sistem Informasi                         Based on information from the Court’s Case
     Penelusuran Perkara (SIPP) Pengadilan, pada                     Tracking Information System (SIPP), as of March
     tanggal 2 Maret 2026, kasasi yang diajukan oleh                 2, 2026, the cassation filed by CV Nusa Teknik
     CV Nusa Teknik Cemerlang telah diputus ditolak                  Cemerlang has been rejected by the Supreme
     oleh Mahkamah Agung. Dengan demikian,                           Court. Accordingly, the decisions of the District
     putusan Pengadilan Negeri Maros, Pengadilan                     Court of Maros, the High Court of Makassar, and
     Tinggi Makassar, dan Mahkamah Agung RI                          the Supreme Court of the Republic of Indonesia
     seluruhnya telah memenangkan Perusahaan.                        have all ruled in favor of the Company.

     Sampai dengan tanggal laporan keuangan                          As of the date of the consolidated financial
     konsolidasian, Perusahaan masih menunggu                        statements, the Company is still awaiting the
     relass salinan putusan kasasi dari Mahkamah                     official service (relass) of the Supreme Court’s
     Agung.                                                          cassation decision.

  d) PT Taurus Gemilang (“TG”)                                   d) PT Taurus Gemilang (“TG”)

     Pada tanggal 29 Juli 2020, PT Taurus Gemilang                   On July 29, 2020, PT Taurus Gemilang (“TG”)
     (“TG”) mengajukan Gugatan kepada Perusahaan                     filed a lawsuit against the Company (formerly
     (dahulu AP2) atas Perjanjian Kerjasama                          AP2) in regards with the Cooperation Agreement
     Pemanfaatan Fasilitas Komersial PT Angkasa                      for the Utilization of Commercial Facilities of
     Pura II di Terminal 3 Ultimate Bandara Soekarno-                PT Angkasa Pura II at Terminal 3 Ultimate
     Hatta. Berdasarkan keputusan Pengadilan Negeri                  Soekarno-Hatta Airport. Based on the decision of
     Tangerang No. 638/PDT.G/2020PN.TNG tanggal                      the        Tangerang        District      Court
     2 Agustus 2021, Perusahaan (dahulu AP2)                         No. 638/PDT.G/2020PN.TNG dated August 2,
     dinyatakan menang dan TG diminta untuk                          2021, the Company (formerly AP2) was declared
     membayar ganti rugi sebesar Rp58.471. Pada                      victorious and TG was asked to pay
     tanggal 12      Oktober 2021, TG mengajukan                     compensation amounting to Rp58,471. On
     banding atas keputusan Pengadilan tersebut.                     October 1, 2021, TG filed an appeal against the
                                                                     Court's decision.

     Putusan tingkat banding berdasarkan Putusan                     The appeal level decision based on the Banten
     Pengadilan             Tinggi           Banten                  High Court Decision No. 53/PDT/2022/PT.BTN
     No. 53/PDT/2022/PT.BTN tanggal 13 April 2022                    dated April 13, 2022 stated that it upheld the
     menyatakan menguatkan Putusan Pengadilan                        Tangerang       District      Court     Decision
     Negeri Tangerang No. 638/PDT.G/2020/PN.TNG                      No. 638/PDT.G/2020/PN.TNG dated August 2,
     tanggal 2 Agustus 2021 yang dimohonkan banding                  2021 which was appealed on the Court. On
     tersebut. Pada tanggal 5 Agustus 2022, TG                       August 5, 2022, TG filed a cassation appeal
     mengajukan permohonan kasasi terhadap                           against the Banten High Court Decision. On May
     Putusan Pengadilan Tinggi Banten tersebut. Pada                 11, 2023, the Tangerang District Court granted
     tangal 11 Mei 2023, MA kemudian mengabulkan                     the Cassation request from PT Taurus Gemilang
     permohonan Kasasi dari PT Taurus Gemilang dan                   and revoked the verdict of the Banten High Court
     membatalkan putusan Pengadilan Tinggi Banten                    No. 53/PDT/2022/PT.BTN.
     No. 53/PDT/2022/PT.BTN.



                                                        241
Page 711
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                     44. CONTINGENCIES AND LAW CASE (continued)

  d) PT Taurus Gemilang (“TG”) (lanjutan)                         d) PT Taurus Gemilang (“TG”) (continued)

     Sebagai tindak lanjut atas Putusan Kasasi yang                   Following the Supreme Court Decision that has
     telah berkekuatan hukum tetap (inkracht van                      obtained permanent legal force (inkracht van
     gewijsde), pada tanggal 25 Juli 2025                             gewijsde), on July 25, 2025, PT Angkasa Pura
     PT Angkasa Pura Indonesia dan PT Taurus                          Indonesia and PT Taurus Gemilang agreed to
     Gemilang telah mencapai kesepakatan untuk                        settle all rights and obligations related to the
     menyelesaikan seluruh hak dan kewajiban terkait                  Cooperation Agreement for the Utilization of
     Perjanjian Kerja Sama Pemanfaatan Fasilitas                      Commercial Facilities at Terminal 3 of Soekarno-
     Komersial Terminal 3 Bandar Udara Soekarno-                      Hatta International Airport, Agreement No.
     Hatta No. PJJ.04.04/00.02/03/2017/0001 tanggal                   PJJ.04.04/00.02/03/2017/0001 dated March 3,
     3 Maret 2017 beserta Perubahan Addendum I                        2017, including its Amendment I No.
     No. PJJ.04.04/00/02/2020/0097           tanggal                  PJJ.04.04/00/02/2020/0097 dated February 27,
     27 Februari 2020. Penyelesaian tersebut                          2020. The settlement was made based on the
     didasarkan pada Kesepakatan tertanggal 25 Juli                   Agreement dated July 25, 2025, and the
     2025      dan      Addendum        Kesepakatan                   Addendum         to   the     Agreement      No.
     No. BAC.DK.1199/KU.20/2025           tertanggal                  BAC.DK.1199/KU.20/2025 dated September 9,
     9 September 2025.                                                2025.

  e) Klaim Kontraktor                                             e) Contractor Claim

     Perusahaan (dahulu AP2) menandatangani                           The Company (formerly AP2) has signed a
     kontrak pengadaan jasa konstruksi dengan                         contract for construction services with multiple
     beberapa kontraktor.                                             contractors.

      Pada tahun 2020, Direksi Perusahaan (dahulu                     In 2020, the Company’s (formerly AP2) Board of
      AP2)      menerbitkan     instruksi    tentang                  Directors issued instructions regarding the
      Pemberitahuan Keadaan Tidak Terduga (Force                      Notification of Force Majeure circumstances
      Majeure) uang dialami Perusahaan (dahulu AP2)                   experienced by the Company (formerly AP2) due
      akibat pandemi Covid-19 kepada kontraktor                       to the Covid-19 pandemic to its contractors, which
      diantaranya :                                                   include:
     - Menghentikan sementara waktu seluruh                            - Temporarily halting all ongoing planning and
         kegiatan perencanaan dan kontruksi yang                         construction activities.
         sedang berjalan.
     - Mengajukan         permohonan      penundaan                   - Applying for a payment deferral.
         pembayaran.

     Para    pihak   sepakat   untuk    melakukan                     The parties have agreed to temporarily suspend
     penghentian sementara waktu pelaksanaan                          the work, but so far, there has been no decision
     pekerjaan namun hingga saat ini belum ada                        from the Company (formerly AP2) regarding the
     keputusan dari Perusahaan (dahulu AP2) terkait                   continuation of the contract implementation,
     kelanjutan pelaksanaan kontrak sehingga                          resulting in the Company (formerly AP2) receiving
     Perusahaan (dahulu AP2) menerima klaim dari                      claims from several contractors.
     beberapa kontraktor.

     Atas klaim tersebut di atas, Perusahaan (dahulu                  Regarding the aforementioned claims, the
     AP2) meminta pendapat hukum kepada                               Company (formerly AP2) has requested legal
     Kejaksaan Agung Republik Indonesia - Jaksa                       advice from the Attorney General's Office of the
     Agung Muda Bidang Perdata dan Tata Usaha                         Republic of Indonesia - Deputy Attorney General
     Negara       (‘’Jamdatun‘’)    terkait    dengan                 for Civil and State Administrative Affairs
     penyesuaian harga, biaya kompensasi dan                          ("Jamdatun") regarding price adjustments,
     material on site di mana para pihak dapat                        compensation costs, and on-site materials, where
     melakukan       kesepakatan     dan     melakukan                the parties can reach an agreement and
     renegosiasi kontrak berdasarkan ketentuan                        renegotiate the contract based on the applicable
     Peraturan Perundang-undangan yang berlaku                        laws    and    regulations,   good    corporate
     dan tata kelola Perusahaan (dahulu AP2) yang                     governance, and the principle of prudence in
     baik    serta     prinsip   kehati-hatian   dalam                decision-making.
     pengambilan keputusan.



                                                         242
Page 712
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                       PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                    44. CONTINGENCIES AND LAW CASE (continued)

  e) Klaim Kontraktor (lanjutan)                                 e) Contractor Claim (continued)

     Pada tanggal 17 Mei 2023, Jamdatun                              On May 17, 2023, Jamdatun provided a legal
     memberikan pendapat hukum melalui surat                         opinion via letter No. R-041/G/Gph.1/05/2023 to
     No. R-041/G/Gph.1/05/2023 kepada Perusahaan                     the Company (formerly AP2) stating that the
     (dahulu AP2) yang menyatakan bahwa                              Company (formerly AP2) is obliged to ensure the
     Perusahaan (dahulu AP2) berkewajiban untuk                      factors proposed for compensation are based on
     memastikan      faktor-faktor  yang     diajukan                true facts and the price requested is correct,
     kompensasi berdasarkan fakta yang benar dan                     accurate, and fair. However, for the principle of
     nilai harga yang diminta adalah benar, tepat dan                prudence and fairness, Jamdatun advises the
     wajar. Namun untuk prinsip kehati-hatian dan                    Company (formerly AP2) to undergo a verification
     fairness, Jamdatun menyarankan Perusahaan                       process through a third party agreed upon by both
     (dahulu AP2) untuk melewati proses pembuktian                   parties to obtain a fair value.
     atau verifikasi melalui pihak ketiga yang
     disepakati oleh kedua belah pihak guna
     memperoleh nilai yang wajar.

     Menindaklanjuti pendapat hukum yang diberikan                   Following the legal opinion provided by
     oleh Jamdatun, Perusahaan (dahulu AP2)                          Jamdatun, the Company (formerly AP2) applied
     melakukan     permohonan     bantuan    audit                   for audit assistance in relation to price adjustment
     sehubungan dengan penyesuaian harga dan                         and compensation to the Financial and
     kompensasi kepada Badan Pengawasan                              Development Supervisory Agency ("BPKP") to
     Keuangan dan Pembangunan ("BPKP") untuk                         assess the fairness of the price adjustment and
     melakukan penilaian atas kewajaran nilai                        compensation value on a project that is
     penyesuaian harga dan kompensasi pada proyek                    experiencing a slowdown.
     yang sedang mengalami perlambatan

  f) Klaim Ahli Waris Mewar                                      f) Mewar Heirs’ Claim

     Pada bulan Januari 2026, Perusahaan menerima                    In January 2026, the Company received a civil
     gugatan     perdata    dengan     register   No.                lawsuit registered under No. 692/Pdt.G/2025/PN
     692/Pdt.G/2025/PN Jakarta Pusat terkait klaim                   Central Jakarta, related to claims over land
     atas tanah ex Erfpacht No. 5 yang berlokasi di                  formerly under Erfpacht No. 5 located in the
     wilayah Bandar Udara Pattimura, Ambon.                          Pattimura Airport area, Ambon. The lawsuit was
     Gugatan diajukan oleh Penggugat: Mohammad                       filed by Plaintiff: Mohammad Novi Mawar,
     Novi Mawar, mewakili ahli waris Mewar, dengan                   representing the heirs of Mewar. The parties to
     pihak-pihak sebagai berikut:                                    the case are:
      Tergugat I: PT Angkasa Pura Indonesia                          Defendant I: PT Angkasa Pura Indonesia
      Tergugat II: Kementerian Perhubungan                           Defendant II: Ministry of Transportation of the
       Republik Indonesia                                               Republic of Indonesia
      Tergugat III: Kementerian Keuangan Republik                    Defendant III: Ministry of Finance of the
       Indonesia                                                        Republic of Indonesia
      Turut Tergugat I: Kementerian Pertanahan                       Co-Defendant I: Ministry of Agrarian
       Republik Indonesia                                               Affairs/National Land Agency
      Turut Tergugat II: Pemerintah Provinsi Maluku                  Co-Defendant II: Provincial Government of
                                                                        Maluku
      Turut Tergugat III: Kanwil BPN Provinsi Maluku                 Co-Defendant III: BPN Regional Office of
                                                                        Maluku
      Turut Tergugat IV: BPN Kota Ambon                              Co-Defendant IV: Ambon City Land Office




                                                        243
Page 713
                                                                  The original consolidated financial statements included herein
                                                                                                    are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                          PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


44. KONTINJENSI DAN KASUS HUKUM (lanjutan)                       44. CONTINGENCIES AND LAW CASE (continued)

  f) Klaim Ahli Waris Mewar (lanjutan)                              f) Mewar Heirs’ Claim (continued)

       Penggugat menuntut Tergugat I, II, dan III secara                The Plaintiff demands that Defendants I, II, and III
       tanggung renteng untuk membayar kerugian                         be held jointly and severally liable to pay material
       materiil sebesar Rp383.210 dan kerugian                          damages amounting to Rp383,210 and
       immateriil sebesar Rp90.000, sehingga total nilai                immaterial damages amounting to Rp90,000,
       gugatan yang diajukan mencapai Rp473.210.                        bringing the total claim to Rp473,210.

       Proses persidangan dimulai melalui tahap                         Court proceedings began with mediation on
       mediasi pada 27 Januari 2026, namun tidak                        January 27, 2026, which did not result in a
       mencapai kesepakatan. Persidangan kemudian                       settlement. The lawsuit was formally read on
       dilanjutkan dengan pembacaan gugatan pada                        February 2, 2026, followed by submission of
       2 Februari 2026, diikuti dengan penyampaian                      responses from the defendants on February 22,
       jawaban para tergugat pada 22 Februari 2026                      2026 via e-Court.
       melalui e-Court.

       Sampai dengan tanggal laporan keuangan                           As of the date of the consolidated financial
       konsolidasian, perkara ini masih dalam proses                    statements, the case remains ongoing, and the
       persidangan, dan telah memasuki agenda Replik                    Court is proceeding with the Plaintiff’s Rejoinder,
       dari Penggugat, yang dijadwalkan pada 31 Maret                   scheduled for March 31, 2026.
       2026.

45. MANAJEMEN RISIKO KEUANGAN DAN MODAL                          45. FINANCIAL   AND                 CAPITAL           RISKS
                                                                     MANAGEMENTS

  Kebijakan Manajemen Risiko Keuangan                               Financial Risk Management Policy

  i.   Risiko kredit                                                i. Credit risk

       Risiko kredit Kelompok Usaha terutama melekat                    The Group’s credit risk is inherent in cash and
       pada kas dan setara kas, piutang usaha, aset                     cash equivalents, trade receivables, other
       keuangan lancar lainnya, aset keuangan tidak                     current financial assets, other non current
       lancar lainnya dan uang jaminan. Kelompok                        financial assets and security deposits. The
       Usaha     mengelola    risiko  kredit  terkait                   Group manages credit risk related to placement
       penempatan saldo rekening di bank hanya                          of bank account balances only in reputable
       dengan menggunakan bank-bank yang memiliki                       banks and has good predicate to reduce the
       reputasi dan predikat yang baik untuk                            possibility of losses due to bank bankruptcy.
       mengurangi kemungkinan kerugian akibat
       kebangkrutan bank.

       Kelompok Usaha mengendalikan eksposur                            The Group manages credit risk exposure related
       risiko kredit terkait dengan piutang dengan                      to trade receivables by implement policies
       menetapkan kebijakan, dimana persetujuan                         whereby the approval or rejection of new credit
       atau penolakan kontrak kredit baru dan                           contracts and compliance with these policies is
       kepatuhan atas kebijakan tersebut dipantau oleh                  monitored by the Board of Directors. As part of
       Direksi. Sebagai bagian dari proses dalam                        the process of approval or rejection, the
       persetujuan atau penolakan tersebut, reputasi                    customer's reputation and track record are taken
       dan jejak rekam pelanggan menjadi bahan                          into consideration. Currently, there are no
       pertimbangan. Saat ini tidak terdapat risiko                     significant credit risks. This is because of all the
       kredit yang terkonsentrasi secara signifikan. Hal                Group’s revenues can be collected on time.
       ini dikarenakan seluruh pendapatan usaha
       Kelompok Usaha dapat ditagihkan secara tepat
       waktu.




                                                           244
Page 714
                                                                     The original consolidated financial statements included herein
                                                                                                       are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                              PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


45. MANAJEMEN RISIKO KEUANGAN DAN MODAL                            45. FINANCIAL   AND       CAPITAL                      RISKS
    (lanjutan)                                                         MANAGEMENTS (continued)

  Kebijakan       Manajemen         Risiko     Keuangan                Financial Risk Management Policy (continued)
  (lanjutan)

  i.   Risiko kredit (lanjutan)                                        i. Credit risk (continued)

       Pada tanggal pelaporan, eksposur maksimum                           At the reporting date, the Group’s maximum
       Kelompok Usaha terhadap risiko kredit adalah                        exposure to credit risk is represented by the
       sebesar nilai tercatat masing-masing kategori                       carrying amount of each class of financial assets
       aset keuangan yang disajikan pada laporan                           presented in the consolidated statements of
       posisi keuangan konsolidasian.                                      financial position.

                                             31 Desember 2025/   31 Desember 2024/
                                             December 31, 2025   December 31, 2024

         Kas dan setara kas                          6.771.631            9.602.734                  Cash and cash equivalents
         Kas yang dibatasi
            penggunaannya                                    -              385.215                              Restricted cash
         Investasi jangka pendek                       121.531              109.994                      Short-term investments
         Piutang usaha -                                                                                    Trade receivables -
            bagian lancar                            1.610.563            1.321.365                             current portion
         Piutang lain-lain                             275.602              178.447                           Other receivables
         Aset kontrak                                  335.342              264.262                              Contract assets
         Piutang usaha -                                                                                    Trade receivables -
            bagian tidak lancar                        381.688              390.830                        non-current portion
         Investasi jangka panjang                   10.973.685            5.101.281                      Long-term investments

         Jumlah                                     20.470.042           17.354.128                                        Total


  ii. Risiko likuiditas                                                ii. Liquidity risk

       Pada saat ini, Kelompok Usaha berharap dapat                        Currently, the Group expect able to pay all
       membayar semua liabilitas pada saat jatuh                           liabilities at due date. To fulfill commitments on
       tempo. Untuk memenuhi komitmen kas,                                 cash, the Group expect its operating activities to
       Kelompok Usaha berharap kegiatan operasinya                         generate sufficient cash inflows. In addition, the
       dapat menghasilkan arus kas masuk yang                              Group has cash and cash equivalents (Note 4)
       cukup. Selain itu, Kelompok Usaha memiliki kas                      which are sufficient to meet liquidity
       dan setara kas (Catatan 4) yang cukup tinggi                        requirements.
       untuk memenuhi kebutuhan likuiditas.




                                                             245
Page 715
                                                                                The original consolidated financial statements included herein
                                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)


45. MANAJEMEN RISIKO KEUANGAN DAN MODAL                                        45. FINANCIAL   AND       CAPITAL                        RISKS
    (lanjutan)                                                                     MANAGEMENTS (continued)

  Kebijakan     Manajemen             Risiko      Keuangan                        Financial Risk Management Policy (continued)
  (lanjutan)

  ii. Risiko likuiditas (lanjutan)                                                ii. Liquidity risk (continued)

     Tabel berikut menganalisis liabilitas keuangan                                   The following table analyzes financial liabilities
     yang diukur pada biaya perolehan diamortisasi                                    measured at amortized cost based on their
     berdasarkan sisa umur jatuh temponya:                                            remaining maturity:
                                                         31 Desember 2025/ December 31, 2025

                                        < 1 tahun/            1-2 tahun/         > 2 tahun/          Total/
                                         < 1 year             1-2 years          > 2 years           Total

       Utang usaha                           308.197                       -                  -          308.197              Trade payables
       Liabilitas kontrak                    224.080                       -                  -          224.080            Contract liabilities
       Beban akrual                        3.768.473                       -                  -        3.768.473           Accrued expenses
       Liabilitas imbalan kerja                                                                                          Short-term employee
         karyawan jangka pendek                857.380                     -                  -         857.380            benefit liabilities
       Utang bank dan lembaga                                                                                                 Long-term bank
           lembaga keuangan lainnya                                                                                      and other financial
           jangka panjang                  3.727.676             9.838.670          18.632.441        32.198.787                 institutions
       Utang obligasi dan sukuk            2.302.000             1.942.405           2.674.755         6.919.160     Bonds payable and sukuk
       Liabilitas sewa                       107.974               186.482             691.727           986.183               Lease liabilities
       Liabilitas jangka pendek                                                                                                  Other current
          lainnya                          1.995.096                       -                  -        1.995.096                     liabilities
       Liabilitas jangka panjang                                                                                            Other non-current
          lainnya                                    -                     -         2.549.173         2.549.173                     liabilities

       Jumlah                             13.290.876            11.967.557          24.548.096        49.806.529                          Total


                                                         31 Desember 2024/ December 31, 2024

                                        < 1 tahun/            1-2 tahun/         > 2 tahun/          Total/
                                         < 1 year             1-2 years          > 2 years           Total

       Utang usaha                           427.631                       -                  -          427.631              Trade payables
       Liabilitas kontrak                    234.769                       -                  -          234.769            Contract liabilities
       Beban akrual                        3.025.535                       -                  -        3.025.535           Accrued expenses
       Liabilitas imbalan kerja                                                                                          Short-term employee
         karyawan jangka pendek                413.638                     -                  -         413.638            benefit liabilities
       Utang bank dan lembaga                                                                                                 Long-term bank
           lembaga keuangan lainnya                                                                                      and other financial
           jangka panjang                  4.014.128             6.298.901          25.923.775        36.236.804                 institutions
       Utang obligasi dan sukuk              159.000             3.912.005           3.007.155         7.078.160     Bonds payable and sukuk
       Liabilitas sewa                       104.550                31.065             587.465           723.080               Lease liabilities
       Liabilitas jangka pendek                                                                                                   Other current
          lainnya                          2.218.696                                          -        2.218.696                     liabilities
       Liabilitas jangka panjang                                                                                            Other non-current
          lainnya                                    -             522.212           2.493.430         3.015.642                     liabilities

       Jumlah                             10.597.947            10.764.183          32.011.825        53.373.955                          Total




                                                                     246
Page 716
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                         PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


45. MANAJEMEN RISIKO KEUANGAN DAN MODAL                       45. FINANCIAL   AND       CAPITAL                      RISKS
    (lanjutan)                                                    MANAGEMENTS (continued)

  Kebijakan    Manajemen      Risiko     Keuangan                 Financial Risk Management Policy (continued)
  (lanjutan)

  iii. Risiko mata uang                                           iii. Currency risk

     Tidak ada aktivitas lindung nilai mata uang per                 There was no currency hedging activity as of
     tanggal 31 Desember 2025 dan 2024.                              December 31, 2025 and 2024.

     Kelompok Usaha mengelola eksposur terhadap                       The Group manages its exposure to foreign
     mata    uang      asing   dengan     melakukan                   currencies       by    periodically    monitoring
     pengawasan       secara     periodik   terhadap                  movements in foreign currency exchange rates
     pergerakan nilai tukar mata uang asing sehingga                  so that it can take necessary actions.
     dapat mengambil tindakan yang diperlukan.

  iv. Risiko suku bunga                                           iv. Interest rate risk

     Kelompok Usaha terekspos risiko suku bunga                       The Groups is exposed to interest rate risk
     terutama menyangkut liabilitas keuangan. Untuk                   primarily related to financial liabilities. To
     meminimalkan risiko tingkat suku bunga,                          minimize interest rate risk, the Group manages
     Kelompok Usaha mengelola beban bunga                             interest expense by monitoring the impact of
     dengan melakukan pengawasan terhadap                             interest rate movements to minimize the
     dampak pergerakan suku bunga untuk                               negative impact on the Group.
     meminimalisasi dampak negatif terhadap
     Kelompok Usaha.

     Tabel berikut ini menunjukkan sensitivitas                       The following table demonstrates the sensitivity
     kemungkinan perubahan tingkat suku bunga                         to a reasonably changes of interest rate on
     pinjaman, dengan asumsi variabel lain konstan,                   loans, with all other variable held constant, with
     dampak terhadap laba sebelum beban pajak                         the effect to the consolidated income before
     penghasilan sebagai berikut:                                     corporate tax expense:

                                       31 Desember 2025/    31 Desember 2024/
                                       December 31, 2025    December 31, 2024

        Dampak terhadap laba (rugi)                                                                Effect on income (loss)
          sebelum pajak penghasilan                                                                 before income tax
        Perubahan tingkat                                                                                        Changes in
          suku bunga (1%)                        321.988               362.368                       interest rates (1%)
        Perubahan tingkat                                                                                         Change in
          suku bunga (-1%)                      (321.988)             (362.368)                     interest rates (-1%)

  Manajemen Permodalan                                            Capital Management

  Tujuan Kelompok Usaha dalam mengelola                           The Group’s objective when managing capital is to
  permodalan adalah untuk melindungi kemampuan                    protect the Group’s ability to maintain business
  Kelompok    Usaha      dalam     mempertahankan                 continuity, so the entity can provide returns for
  kelangsungan usaha, sehingga entitas dapat tetap                shareholders and benefits for other stakeholders
  memberikan imbal hasil bagi pemegang saham dan                  and to manage an optimal capital structure to
  manfaat bagi pemangku kepentingan lainnya dan                   minimize the cost of capital effectively. In order to
  untuk mengelola struktur modal yang optimal untuk               manage the capital structure, the Group may adjust
  meminimalisasi biaya modal yang efektif. Dalam                  the amount of dividends, issue new shares or
  rangka mengelola struktur modal, Kelompok Usaha                 increase / decrease the amount of debt.
  mungkin     menyesuaikan       jumlah    dividen,
  menerbitkan        saham         baru        atau
  menambah/mengurangi jumlah utang.




                                                       247
Page 717
                                                                                     The original consolidated financial statements included herein
                                                                                                                       are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                                               PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                        for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                               Unless Otherwise Stated)


46. TAMBAHAN INFORMASI ARUS KAS                                                  46. SUPPLEMENTARY                    INFORMATION                 OF      CASH
                                                                                     FLOWS

  Transaksi Non Kas                                                                    Non-Cash Transaction

  Informasi pendukung laporan arus kas sehubungan                                      Supporting information for the statement of cash
  dengan aktivitas investasi dan pendanaan adalah                                      flows in connection with investing and financing
  sebagai berikut:                                                                     activities is as follows:

                                                        Tahun yang Berakhir pada
                                                          Tanggal 31 Desember/
                                                        Year Ended December 31

                                                        2025                           2024


    Penambahan aset tetap                                                                                                             Additional fixed assets
      melalui kapitalisasi biaya                                                                                               through capitalization of
      pinjaman                                                   38.351                     38.478                                     borrowing costs
    Penambahan aset hak-guna                                                                                                  Addition of right-of-use assets
      melalui liabilitas sewa                                    664.195                    20.077                              through lease liabilities
    Penambahan penyertaan saham                                                                                              Addition of invesment in shares
      melalui inbreng                                        5.664.912                   4.292.649                                      through inbreng


  Rekonsiliasi Liabilitas yang Timbul dari Aktivitas                                   Reconciliation of Liabilities Arising from Financing
  Pendanaan                                                                            Activities

  Tabel di bawah ini menjelaskan perubahan dalam                                       The table below detail changes in the Group’s
  liabilitas Kelompok Usaha yang timbul dari aktivitas                                 liabilities arising from financing activities, including
  pendanaan, termasuk perubahan kasnya. Liabilitas                                     cash changes. Liabilities arising from financing
  yang timbul dari aktivitas pendanaan adalah                                          activities are those for which cash flows were, or
  liabilitas yang arus kas, atau arus kas masa                                         future cash flows will be, classified in the Group’s
  depannya, diklasifikasikan dalam laporan arus kas                                    statement of cash flows as cash flows from financing
  Kelompok Usaha sebagai arus kas dari aktivitas                                       activities.
  pendanaan.
                                                                       Non-arus kas/Non-cash flow

                                                                      Amortisasi
                                                                   biaya pinjaman/
                               1 Januari 2025/   Arus kas/          Amortization         Lainnya/        31 Desember 2025/
                               January 1, 2025   Cash flow          cost of loans         Other          December 31, 2025

    Utang Bank dan lembaga                                                                                                                Long-terms bank and
       keuangan lainnya -                                                                                                                      other financial
       jangka panjang              35.962.458     (4.038.017)              55.063                   -          31.979.504                   institutions loans
    Utang obligasi dan sukuk        7.064.087       (159.000)               4.159                   -           6.909.246              Bonds payable and sukuk
    Liabilitas sewa                   723.080       (242.661)                   -             505.764             986.183                         Lease liabilities

    Jumlah                         43.749.625     (4.439.678)              59.222             505.764          39.874.933                                    Total




                                                                       Non-arus kas/Non-cash flow

                                                                      Amortisasi
                                                                   biaya pinjaman/
                               1 Januari 2025/   Arus kas/          Amortization         Lainnya/        31 Desember 2025/
                               January 1, 2025   Cash flow          cost of loans         Other          December 31, 2025

    Utang bank dan lembaga                                                                                                                 Short-terms bank and
       keuangan lainnya -                                                                                                                      other financial
       jangka pendek                   95.552                -                   -            (95.552)                  -                   institutions loans
    Utang bank dan lembaga                                                                                                                 Long-terms bank and
       keuangan lainnya -                                                                                                                      other financial
       jangka panjang              38.078.755     (2.025.191)              48.801           (139.907)          35.962.458                   institutions loans
    Utang obligasi dan sukuk        7.843.748       (777.740)              (1.921)                  -           7.064.087               Bonds payable and sukuk
    Liabilitas sewa                   686.756       (103.547)                   -             139.871             723.080                          Lease liabilities

    Jumlah                         46.704.811     (2.906.478)              46.880             (95.588)         43.749.625                                     Total




                                                                        248
Page 718
                                                                The original consolidated financial statements included herein
                                                                                                  are in Indonesian language.

        PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
          CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


47. PERISTIWA SETELAH PERIODE PELAPORAN                        47. EVENTS AFTER THE REPORTING PERIOD

  a. Pembayaran Dividen Interim                                   a. Interim Dividend Payment

    Pada tanggal 23 Februari 2026, Injourney melalui                On February 23, 2026, Injourney, through Letter
    surat No. INJ.12/05.03/23.02/2026/DU-B perihal                  No. INJ.12/05.03/23.02/2026/DU-B regarding
    Informasi     Penyetoran      Dividen    Interim                Information on Interim Dividend Deposit of
    PT Angkasa Pura Indonesia Tahun Buku 2025                       PT Angkasa Pura Indonesia for Fiscal Year 2025,
    menetapkan penarikan dividen interim untuk                      determined the withdrawal of an interim dividend
    tahun     buku    2025    sebesar    Rp300.000.                 for fiscal year 2025 amounting to Rp300,000. The
    Perusahaan telah melakukan pembayaran                           Company made the payment of the dividend to
    dividen tersebut kepada Injourney pada tanggal 5                Injourney on March 5, 2026.
    Maret 2026.

  b. IGFS                                                         b. IGFS

    Telah dilakukan penandatanganan perjanjian                      A loan facility agreement was executed under the
    fasilitas pinjaman melalui program IGFS, antara                 IGFS program, consisting of:
    lain:
        1. Akta Perjanjian Ketentuan Umum No. 35;                       1. Deed of General Terms Agreement No.
                                                                           35;
       2. Akta Perjanjian Antar Bank No. 37;                            2. Interbank Agreement Deed No. 37;
       3. Akta Perjanjian Fasilitas Konvensional No.                    3. Conventional Facility Agreement Deed No.
          38; dan                                                          38; and
       4. Akta Perjanjian Line Fasilitas Pembiayaan                     4. Sharia-Based Syndicated Financing Line
          Sindikasi Berdasarkan Prinsip Syariah No.                        Facility Agreement Deed No. 39,
          39,
    yang seluruhnya ditandatangani pada tanggal                     all of which were signed on February 13, 2026,
    13 Februari 2026 di hadapan Desman,                             before Desman, S.H., M.Hum., Notary in
    S.H.,M.Hum., Notaris di Jakarta.                                Jakarta.


    Jangka waktu fasilitas pinjaman adalah 15 (lima                 The loan facility has a tenor of 15 (fifteen) years
    belas) tahun sejak tanggal penandatanganan                      from the signing date, with the purpose of
    perjanjian, dengan tujuan penggunaan dana                       refinancing existing loan facilities and financing
    untuk refinancing fasilitas pinjaman eksisting dan              capital expenditures, with the following details:
    pembiayaan capital expenditures, dengan rincian
    sebagai berikut:
    1. Fasilitas Term Loan Refinancing                              1. Term Loan Refinancing Facility
      - Tranche       I, dengan       limit  maksimal                 - Tranche I, with a maximum limit of
         Rp9.335.982 untuk refinancing fasilitas                         Rp9,335,982 for refinancing the Bilateral
         pinjaman Bilateral.                                             loan facility.
      - Tranche II, dengan limit maksimal                             - Tranche II, with a maximum limit of
         Rp22.439.323 triliun untuk refinancing                          Rp22,439,323 for refinancing the loan facility
         fasilitas pinjaman berdasarkan Perjanjian                       under the Master Restructuring Agreement
         Restrukturisasi Induk (MRA).                                    (MRA).

    2. Fasilitas Pinjaman Capital Expenditures                      2. Capital Expenditures Loan Facility
       Dengan         plafon     sebanyak-banyaknya                   With a plafond of up to Rp11,630,000 for
       Rp11.630.000 untuk pembiayaan investasi di                     financing investments in the Company
       Perusahaan sebesar 80% dari nilai pekerjaan                    amounting to 80% of the project value included
       yang telah tercantum dalam RKAP/Rencana                        in the RKAP/Long-Term Corporate Plan
       Jangka Panjang Perusahaan (RJPP), dengan                       (RJPP), with a drawdown period of 5 (five)
       jangka waktu penarikan selama 5 (lima) tahun.                  years.




                                                         249
Page 719
                                                               The original consolidated financial statements included herein
                                                                                                 are in Indonesian language.

       PT ANGKASA PURA INDONESIA                                        PT ANGKASA PURA INDONESIA
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARY
         CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
     Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
  Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
           Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


47. PERISTIWA SETELAH PERIODE PELAPORAN                       47. EVENTS AFTER           THE    REPORTING         PERIOD
    (lanjutan)                                                    (continued)

  b. IGFS                                                        b. IGFS

     Pada tanggal 3-4 Maret 2026, telah dilakukan                    On March 3–4, 2026, the drawdown of the Term
     penarikan pinjaman Fasilitas Term Loan                          Loan Refinancing Facility Tranche I and Tranche
     Refinancing Tranche I dan Tranche II, serta                     II was carried out, and the Company fully settled
     pelunasan seluruh fasilitas pinjaman eksisting                  all of its existing loan facilities totaling
     Perusahaan dengan nilai total sebesar                           Rp31,775,305 (after deducting principal loan
     Rp31.775.305 (setelah pembayaran pokok                          repayments made by the Company (formerly
     pinjaman Perusahaan (dahulu AP2) dari                           AP2) from January 1 to March 2, 2026
     1 Januari sampai dengan 2 Maret 2026 sebesar                    amounting to Rp423,482).
     Rp423.482).

  c. Perkembangan Geopolitik di Timur Tengah                     c. Geopolitical Developments in the Middle East

     Setelah      tanggal    pelaporan,  ketegangan                  Subsequent to the reporting date, geopolitical
     geopolitik di Timur Tengah meningkat menyusul                   tensions in the Middle East escalated following
     tindakan militer di kawasan tersebut pada akhir                 military actions in the region at the end of
     Februari 2026. Perkembangan ini menyebabkan                     February 2026. These developments have
     meningkatnya ketidakpastian geopolitik dan                      resulted in heightened geopolitical uncertainty
     volatilitas di pasar keuangan dan energi global.                and increased volatility in global financial and
                                                                     energy markets.

    Kelompok Usaha menilai potensi dampak                            The Group assesses the potential implications on
    terhadap operasi, posisi keuangan, dan kinerja                   the results of the Group’s operations, financial
    keuangan Kelompok Usaha yang dapat timbul                        position and financial performance which may
    melalui beberapa faktor, termasuk:                               arise through several factors, including:
     volatilitas harga komoditas dan energi global,                  volatility in global commodity and energy
                                                                         prices,
     gangguan pada rantai pasokan dan logistik                       disruptions in global supply chains and
      global,                                                            logistic,.
     ketidakpastian makroekonomi yang lebih luas                     broader macroeconomic uncertainty affecting
      yang memengaruhi permintaan pelanggan,                             customer demand, and
      dan                                                             volatility in foreign exchange and financial
     volatilitas di pasar valuta asing dan pasar                        markets.
      keuangan.

     Saat ini Kelompok Usaha tidak memiliki operasi                  The Group does not currently have significant
     langsung yang signifikan di negara-negara yang                  direct operations in the countries directly
     terlibat langsung dalam konflik tersebut. Namun,                involved in the conflict. However, the broader
     dampak ekonomi yang lebih luas akibat situasi                   economic effects resulting from the geopolitical
     geopolitik tersebut dapat memengaruhi operasi                   situation may indirectly affect the Group’s
     dan kinerja keuangan Kelompok Usaha secara                      operations and financial performance.
     tidak langsung.

     Pada tanggal otorisasi atas laporan keuangan                    At the date of authorization of these financial
     ini, tidak memungkinkan untuk mengestimasi                      statements, it is not possible to reliably estimate
     secara andal dampak keuangan yang mungkin                       the financial impact that further escalation of the
     timbul akibat potensi eskalasi lebih lanjut dari                conflict may have on the Group’s consolidated
     konflik tersebut pada laporan keuangan                          financial statements.
     konsolidasian Kelompok Usaha.

     Manajemen     akan      terus     memonitor                     Management        will   continue to       monitor
     perkembangan terkait konflik ini dan menilai                    developments relating to the conflict and assess
     potensi dampaknya pada periode pelaporan                        potential implications in future reporting periods.
     berikutnya.


                                                        250
Page 720
        Ikhtisar 2025     Laporan Manajemen     Tentang Perusahaan   Diskusi dan Analisis Manajemen       Tata Kelola Perusahaan
        2025 Highlights   Management Report     About the Company    Management Discussion and Analysis   Corporate Governance




          2025
          LAPORAN TAHUNAN
          ANNUAL REPORT



          PT Angkasa Pura Indonesia

          InJourney Airports Center
          Bandar Udara Internasional Soekarno-Hatta
          PO BOX 1004 Tangerang 15111 – Indonesia


          www.injourneyairports.id




720   Laporan Tahunan 2025 PT Angkasa Pura Indonesia

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Names mentioned 185 people and organisations named in the text · linked when the evidence is strong

linked org Angkasa Pura p.1 ×337
linked org PT Angkasa Pura I p.4 ×54
linked org PT Angkasa Pura II p.4 ×119
linked person Ferry Kusnowo · Direktur p.29 ×15
linked person Antoni Arif Priadi · Komisaris Utama p.39 ×9
linked person Irfan Wahid · Komisaris p.47 ×4
linked person Lukman F. Laisa · Komisaris p.47 ×4
linked person Abdul Muis · Komisaris Independen p.47 ×18
linked person Dita Indah Sari · Komisaris p.48 ×7
linked person Imelda Sari · Komisaris Independen p.48 ×7
linked person Eva Yuliana · Komisaris Independen p.48 ×7
linked person Yunus Nusi · Komisaris Independen p.48 ×4
linked person Erwan Agus Purwanto · Komisaris p.53 ×12
linked person Elly Engelbert Lasut · Komisaris p.58 ×3
linked person Mohammad Rizal Pahlevi · Director of Commercial p.63 ×13
linked person Faik Fahmi · Direktur Utama p.71 ×4
linked person Achmad Syahir · Direktur p.71 ×13
linked person Adi Nugroho · Direktur p.72 ×7
linked person Agus Haryadi · Direktur p.72 ×11
linked person Yanindya Bayu Wirawan · Direktur p.74 ×13
linked org Garuda Indonesia (Persero) Tbk p.76 ×5
linked person Ristiyanto Eko Wibowo · Direktur p.79 ×6
linked org PT Bank DBS Indonesia p.81 ×3
linked org International Finance p.83 ×2
linked org Bank KB Bukopin Tbk p.91 ×2
linked org PT Hotel Indonesia Natour p.95 ×2
linked person Novie Riyanto Rahardjo · Komisaris Utama p.233 ×4
linked person Achmad Syahreza p.233 ×3
linked person Satya Bhakti Parikesit · Komisaris p.233 ×4
linked person Cahyo Rahadian Muzhar · Komisaris p.233 ×4
linked person Muhammad Suriawan Wakan · Director of Engineering p.233 ×4
linked person Agus Wialdi p.238 ×3
possible org Bursa Efek Indonesia p.17 ×5
possible person Ahmad Yani p.26 ×4
possible person Djamaluddin · Komisaris Independen p.47 ×10
possible — Purwanto · Commissioner p.48
possible org PT Angkasa Angkasa Pura I p.64
possible person Muhammad · Direktur p.71 ×5
possible — Wirawan · Director of Finance p.71 ×2
possible — Wibowo · Director of Engineering p.72
possible person Veri Y. Setiady · Direktur p.72 ×2
possible org Perusahaan p.88
possible org Otoritas Jasa Keuangan p.91 ×4
possible org Negara Republik Indonesia p.93 ×3
possible org Pemerintah Republik Indonesia p.94 ×2
possible org PT Angkasa Pura Pura II p.95
possible org PT Sarinah p.95 ×2
possible org Wijaya Karya Tbk p.102 ×5
unresolved org PT Angkasa Pura Indonesia p.1 ×236
unresolved org PT Angkasa I p.4
unresolved org PT Angkasa p.7 ×12
unresolved org PT Pura II p.7
unresolved org Milik Negara Informasi Pemegang Saham p.9
unresolved org Kementerian BUMN p.15 ×2
unresolved org Ministry of SOEs Rasio Laba p.15
unresolved org Kementerian Perhubungan p.18 ×4
unresolved org Ministry of Transportation p.18 ×8
unresolved org Koperasi Desa p.20
unresolved org PT Angkasa Pura Indonesia Perusahaan p.20
unresolved org Bandara Internasional · Director p.24
unresolved person Bandara Jenderal · Director p.26
unresolved org Kementerian p.26 ×10
unresolved org PT Sucofindo p.28 ×5
unresolved person IT Works Magazine · Direktur Utama p.29 ×2
unresolved org Direktorat Jenderal p.29
unresolved org Kementerian Awards p.29
unresolved org Direktorat Jenderal Perhubungan Udara p.30
unresolved org Kementerian Perhubungan Organizer p.30
unresolved org Directorate General of Civil Aviation p.30
unresolved org Kementerian Ketenagakerjaan Organizer p.32
unresolved org Ministry of Manpower p.32
unresolved org Nasional Penanggulangan Terorisme Republik Indonesia Organizer p.34
unresolved org PT BSI Group Indonesia Organizer p.35
unresolved — Manual · Komisaris p.41
unresolved org Ministry of SOEs p.42
unresolved org PT Pura Indonesia p.42
unresolved org PT Angkasa Pura Pura Indonesia p.45 ×3
unresolved org PT Aviasi Pariwisata p.45
unresolved org PT Aviasi Pariwisata Indonesia (Persero) p.45 ×17
unresolved org PT Angkasa Pura Indonesia. Komposisi p.47
unresolved — Rahardjo · President Commissioner p.47
unresolved person INJ. · President Commissioner p.47 ×14
unresolved — Parikesit · Commissioner p.47
unresolved — Muzhar · Commissioner p.47
unresolved — Putranto · Commissioner p.47
unresolved person Achmad · Komisaris Independen p.47
unresolved — Syahreza · Independent p.47
unresolved person KEP. · President Commissioner p.48 ×5
unresolved — Lasut · Commissioner p.48
unresolved person Ni Luh Enik · Komisaris p.48
unresolved — Ermawati · Commissioner p.48
unresolved org Menteri Badan Usaha Milik Negara p.52 ×20
unresolved org PT Aviasi Pariwisata Indonesia No. SK- p.52 ×40
unresolved org Minister of State-Owned Enterprises p.52 ×20
unresolved org Menteri Bidang Teknologi dan Energi Kementerian Perhubungan p.52 ×2
unresolved org Direktorat Jenderal Perhubungan Laut p.52
unresolved org Pengembangan Sumber Daya Manusia Perhubungan p.52 ×2
unresolved org Directorate General of Sea Transportation p.52
unresolved org Departemen Manajemen dan Kebijakan Publik p.53
unresolved org Menteri Ketenagakerjaan p.55 ×2
unresolved org Minister of Manpower p.55 ×2
unresolved org Menteri Perdagangan p.57
unresolved org Minister of Trade p.57
unresolved person Prof. Dr. R.D. Kandou Hospital p.58 ×2
unresolved org Kementerian Pertahanan RI p.59
unresolved org Ministry of Defense p.59
unresolved org PT Garuda p.67
unresolved org Maintenance Facility Aero Asia Tbk p.67
unresolved org Menteri Perhubungan No. KM p.70
unresolved org Minister of Transportation Decree No. KM p.70
unresolved person Wendo Asrul · Direktur p.71
unresolved — Rose · Director of Operations p.71
unresolved person Teknik · Direktur Utama p.75 ×3
unresolved person Vice · Direktur Teknik p.75 ×3
unresolved org PT Gapura Angkasa p.76 ×2
unresolved org PT Bandara Internasional Batam p.79 ×5
unresolved org PT Angkasa Pura Properti p.79 ×4
unresolved org PT Varuna Tirta Prakaysa p.82 ×2
unresolved org Senior Director Digital Enterprise Services Walmart Inc. p.83
unresolved org Information Officer Global Sourcing Walmart Inc. p.83
unresolved org Global Indirect Sourcing Walmart Inc. p.83 ×2
unresolved org Senior Manager Walmart Inc. p.83
unresolved org Digital Enterprise Services Walmart Inc. p.83
unresolved org Global Sourcing Walmart Inc. p.83
unresolved org Walmart Inc. p.83
unresolved org PT Angkasa Pura Indonesia Tahun p.84
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik Indonesia Nomor AHU- p.88
unresolved org Minister of Law and Human Rights p.88
unresolved org Menteri Hukum dan Hak Address and Contact Asasi Manusia Republik Indonesia p.89
unresolved org PT Tangerang p.89
unresolved org PT Angkasa Pura Indonesia. Such p.89
unresolved org Minister of Law p.89
unresolved person Akta Notaris Nanda Fauz Iwan p.90 ×2
unresolved org Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia p.90
unresolved org Ministry of Law and Human Rights p.90
unresolved org PT Kustodian Sentral Efek Indonesia p.90
unresolved org PT Pemeringkat Efek Indonesia p.90
unresolved person DKI Jakarta Fathiah Helmi p.91
unresolved org Jakarta Selatan 12190 DKI Jakarta p.91 ×2
unresolved org Purwanto Susanti p.91
unresolved org PT BRI Danareksa Sekuritas p.91
unresolved org PT Indo Premier Sekuritas p.91
unresolved org Ministry of Transportation. Perhubungan. p.92
unresolved org Public Corporation p.93 ×3
unresolved org Menteri Kehakiman p.94 ×2
unresolved org Minister of Justice p.94 ×2
unresolved org Government of the Republic of Indonesia p.94
unresolved org PT Pengembangan Pariwisata Indonesia p.95
unresolved person Notary Muhani Salim p.98 ×2
unresolved org PT Angkasa Pura I. Pendirian Perum Pelabuhan p.98
unresolved org Kementerian Terminal Bandara Depati Amir. p.100
unresolved org Ministry of Airport p.100
unresolved org Kementerian Perhubungan. Center p.101
unresolved org PT AP II p.101 ×2
unresolved org Indonesia Stock Exchange p.101
unresolved org PT Aviasi p.102 ×2
unresolved org Pelaksana p.102
unresolved org Incheon International Airport Corporation p.102 ×2
unresolved org PT Surya Dhoho Investama. Pariwisata p.102
unresolved org PT Surya Dhoho Investama. Nadim Batam Airport p.102
unresolved org PT Bandara p.102
unresolved org PT Angkasa Pura Aviasi p.102 ×2
unresolved org PT Angkasa Pura Indonesia Indonesia p.104 ×2
unresolved org Kementerian Agama p.105
unresolved org Ministry of Religious Affairs p.105
unresolved org Menteri Perhubungan Republik p.165
unresolved person Anti-Corruption · Komisaris p.224
unresolved org Milik Negara p.224 ×4
unresolved org Minister of State-Owned Enterprises Peraturan Menteri Badan Usaha Milik Negara p.226
unresolved org Kementerian Badan Usaha Milik Negara p.226
unresolved org Ministry of State-Owned Enterprises Number SK- p.226
unresolved — GMS/Capital p.226
unresolved org Financial Services Authority p.228
unresolved org Pengawasan Keuangan p.229
unresolved org Kementerian BUMN Nomor SK- p.229
unresolved org Ministry of State-Owned Enterprises p.229
unresolved org Menteri p.229 ×2
unresolved org Minister of State-Owned Enterprises Number PER- p.229
unresolved person H. Thamrin p.232 ×4
unresolved person Maya Carolina Watono p.233 ×2
unresolved person Herdy Rosadi Harman p.233 ×4
unresolved person Yudi Rizky Ardie p.233 ×2
unresolved org Purwantono p.242 ×2
unresolved org Minister of SOEs Regulation No. PER- p.242

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