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Page 1
2025
Laporan Tahunan &
Laporan Keberlanjutan
Annual Report &
Sustainability Report
Page 2
    Daftar Isi                                                  68   Entitas Anak, Entitas Asosiasi, dan Perusahaan Ventura Bersama
                                                                     Subsidiaries, Associates, and Joint Ventures
    Table of Contents                                           68   Kronologis Pencatatan Saham
                                                                     Share Listing Chronology
                                                                68   Informasi Pencatatan Efek Lainnya
                                                                     Information on Other Securities Listing
     2   Daftar Isi                                             69   Informasi Akuntan Publik dan Kantor Akuntan Publik
         Table of Contents                                           Information on Public Accountant and Public Accounting Firm
                                                                69   Lembaga dan/atau Profesi Penunjang Pasar Modal Lainnya
                                                                     Other Capital Market Supporting Institutions
                                                                     and/or Professions
           Ikhtisar Kinerja
           Performance Highlights                                     Analisis dan Pembahasan Manajemen
                                                                      Management Discussion and Analysis
     6   Ikhtisar Keuangan
         Financial Highlights                                   72   Tinjauan Operasi per Segmen Usaha
     8   Ikhtisar Saham                                              Review of Operations by Business Segment
         Stock Highlights                                       74   Tinjauan Operasional Segmen Distributor Tahun 2025
     9   Aksi Korporasi                                              Distribution Segment Operational Review in 2025
         Corporate Actions                                      75   Kinerja Keuangan Segmen Distributor Tahun 2025
     9   Penghentian Sementara Perdagangan Saham (Suspension)        Distribution Segment Financial Performance in 2025
         dan/atau Pembatalan Pencatatan Saham (Delisting)       81   Tinjauan Operasional Segmen Ritel Tahun 2025
         Suspension of Trading and/or Delisting of Shares            Retail Segment Operational Review in 2025
                                                                83   Kinerja Keuangan Segmen Ritel Tahun 2025
           Laporan Manajemen                                         Retail Segment Financial Performance in 2025
           Management Report                                    86   Kinerja Keuangan Komprehensif
                                                                     Comprehensive Financial Performance
    12   Laporan Dewan Komisaris                                89   Kemampuan Membayar Utang
         Board of Commissioners’ Report                              Debt Paying Ability
    20   Laporan Direksi                                        91   Tingkat Kolektibilitas Piutang
         Board of Directors’ Report                                  Receivables Collectability
                                                                91   Struktur Modal
           Profil Perusahaan                                         Capital Structure

           Company Profile                                      93   Ikatan Material untuk Investasi Barang Modal
                                                                     Material Commitments Related to Capital Asset Investments
    34   Informasi Umum Perusahaan                              93   Investasi Barang Modal
         General Information of the Company                          Capital Expenditures
    35   Skala Usaha                                            93   Informasi dan Fakta Material
         Business Scale                                              Setelah Tanggal Laporan Akuntan
                                                                     Subsequent Events
    36   Jejak Langkah
         Milestones                                             94   Prospek Usaha
                                                                     Business Prospects
    37   Riwayat Singkat Perusahaan
         Company at a Glance                                    95   Perbandingan Target dengan Realisasi di Tahun 2025
                                                                     serta Target Tahun 2026
    40   Visi dan Misi Perusahaan
                                                                     Comparison Between 2025 Target and
         Company Vision and Mission
                                                                     Realization and 2026 Target
    41   Budaya Perusahaan
                                                                96   Kebijakan Dividen
         Corporate Culture
                                                                     Dividend Policy
    42   Kegiatan Usaha
                                                                97   Realisasi Penggunaan Dana Hasil Penawaran Umum
         Business Activities
                                                                     Realization of Proceeds from Public Offering
    42   Produk dan/atau Jasa yang Dihasilkan
                                                                97   Informasi Investasi, Ekspansi, Divestasi, Penggabungan/
         Products and/or Services Offered
                                                                     Peleburan, Akuisisi, dan/atau Restrukturisasi Utang/Modal
    44   Wilayah Operasional                                         Information on Investments, Expansion, Divestment,
         Operational Areas                                           Mergers/Consolidations, Acquisitions, and/or Debt/Capital
    46   Struktur Organisasi                                         Restructuring
         Organizational Structure                               97   Informasi Transaksi Material yang Mengandung
    47   Keanggotaan Asosiasi                                        Benturan Kepentingan dan/atau Transaksi
         Association Membership                                      dengan Pihak Afiliasi/Pihak Berelasi
                                                                     Information on Material Transactions Containing Conflicts of
    47   Perubahan Bersifat Signifikan
                                                                     Interest and/or Related Party Transactions
         Significant Changes
                                                                98   Pernyataan Direksi Mengenai
    48   Profil Dewan Komisaris
                                                                     Kewajaran Transaksi dengan Pihak Afiliasi
         Board of Commissioners Profile
                                                                     Statement of the Board of Directors on
    53   Profil Direksi                                              the Fairness of Related Party Transactions
         Board of Directors Profile
                                                                99   Peran Dewan Komisaris dan Komite Audit
    63   Demografi Karyawan                                          Role of the Board of Commissioners and the Audit Committee
         Employee Demography
                                                                99   Perubahan Peraturan Perundang-Undangan
    66   Informasi Pemegang Saham                                    Changes in Laws and Regulations
         Shareholder Information
                                                                99   Perubahan Kebijakan Akuntansi
                                                                     Changes in Accounting Policies

               Laporan Tahunan & Laporan Keberlanjutan
2              Annual Report & Sustainability Report
Page 3
                                                                                                    PT Kokoh Inti Arebama Tbk




       Tata Kelola Perusahaan                                               Laporan Keberlanjutan
       Corporate Governance                                                 Sustainability Report

102   Dasar dan Komitmen Penerapan Governansi Korporat              172   Tentang Laporan Keberlanjutan
      Basis and Commitment to Corporate Governance Implementation         About Sustainability Report
102   Prinsip Governansi Korporat                                   173   Strategi Keberlanjutan
      Principles of Corporate Governance                                  Sustainability Strategy
103   Struktur Governansi Korporat                                  175   Ikhtisar Aspek Keberlanjutan
      Corporate Governance Structure                                      Summary of Sustainability Aspects
103   Rapat Umum Pemegang Saham                                     177   Profil Perseroan
      General Meeting of Shareholders                                     Company Profile
115   Dewan Komisaris                                               177   Penjelasan Direksi
      Board of Commissioners                                              Explanation by the Board of Directors
122   Direksi                                                       177   Tata Kelola Keberlanjutan
      Board of Directors                                                  Sustainability Governance
126   Penilaian Kinerja Direksi dan Dewan Komisaris                 184   Kinerja Keberlanjutan
      Performance Assessment of the Board of Directors                    Sustainability Performance
      and Board of Commissioners                                    187   Kinerja Sosial: Membangun Nilai
127   Nominasi dan Remunerasi Direksi dan Dewan Komisaris                 Bersama Pemangku Kepentingan
      Nomination and Remuneration of the Board of Directors               Social Performance: Building Shared Value
      and Board of Commissioners                                          with Stakeholders
131   Kebijakan Keberagaman Komposisi                               188   Aspek Ketenagakerjaan
      Dewan Komisaris dan Direksi                                         Employment Aspects
      Diversity Policy for the Composition of the Board of          197   Aspek Kemasyarakatan
      Commissioners and the Board of Directors                            Community Aspects
132   Komite Audit                                                  201   Tanggung Jawab atas Produk dan/atau Jasa Berkelanjutan
      Audit Committee                                                     Responsibility for Sustainable Products and/or Services
138   Komite Nominasi dan Remunerasi                                204   Kinerja Lingkungan Hidup:
      Nomination and Remuneration Committee                               Mendorong Operasional Bisnis yang Berkelanjutan
143   Sekretaris Perusahaan                                               Environmental Performance:
      Corporate Secretary                                                 Driving Sustainable Business Operations
145   Unit Audit Internal                                           209   Informasi Kegiatan dan Dampak dari Wilayah
      Internal Audit Unit                                                 Operasional yang Dekat atau Berada di Daerah Konservasi
148   Sistem Pengendalian Internal                                        atau Memiliki Keanekaragaman Hayati
      Internal Control System                                             Information on Activities and Impacts from
                                                                          Operations Located in or Near Conservation Areas
150   Sistem Manajemen Risiko                                             or Biodiversity-Rich Areas
      Risk Management System
                                                                    209   Usaha Konservasi Keanekaragaman Hayati
155   Perkara Penting                                                     Biodiversity Conservation Efforts
      Significant Legal Cases
                                                                    210   Tumpahan yang Terjadi
155   Sanksi Administratif                                                Spills That Occurred
      Administrative Sanctions
                                                                    210   Pengaduan Terkait Lingkungan Hidup
155   Kode Etik                                                           Environmental Complaints
      Code of Conduct
                                                                    211   Tanggapan terhadap Umpan Balik
157   Kebijakan Pemberian Kompensasi                                      Laporan Tahunan Sebelumnya
      Jangka Panjang Berbasis Kinerja                                     Response to Feedback on the Previous Annual Report
      Long-Term Performance-based Compensation Policy
                                                                    212   Lembar Umpan Balik
158   Kebijakan Pelaporan Kepemilikan                                     Feedback Form
      Saham Dewan Komisaris dan Direksi
      Policy on Share Ownership Reporting by the                    214   Daftar Pengungkapan Sesuai Peraturan
      Board of Commissioners and the Board of Directors                   Otoritas Jasa Keuangan Nomor 51/POJK.03/2017
                                                                          Tentang Penerapan Keuangan Berkelanjutan
158   Kebijakan Keterbukaan Informasi                                     List of Disclosures in Accordance with Financial Services
      Information Disclosure Policy                                       Authority Regulation No. 51/POJK.03/2017 on
159   Sistem Pelaporan Pelanggaran                                        the Implementation of Sustainable Finance
      Whistleblowing System
161   Kebijakan Anti Korupsi                                        217   Surat Pernyataan Anggota Direksi dan Anggota
      Anti-Corruption Policy                                              Dewan Komisaris Tentang Tanggung Jawab atas
163   Kebijakan Benturan Kepentingan                                      Laporan Tahunan dan Laporan Keberlanjutan 2025
      Dewan Komisaris dan Direksi                                         PT Kokoh Inti Arebama Tbk
      Conflict of Interest Policy for the Board of                        Statement of Responsibility of the Board of Directors and
      Commissioners and Board of Directors                                Board of Commissioners for Annual Report and Sustainable
163   Kebijakan Pencegahan Insider Trading                                Report 2025 of PT Kokoh Inti Arebama Tbk
      Insider Trading Prevention Policy
163   Kebijakan Pemenuhan Hak-Hak Kreditur                                 Laporan Keuangan Konsolidasian
      Policy on the Fulfillment of Creditors’ Rights
                                                                           Consolidated Financial Statement
164   Kebijakan Seleksi Pemasok
      Supplier Selection Policy
165   Kebijakan Komunikasi dengan Pemegang Saham
      Shareholder Communication Policy
165   Kebijakan Perlindungan Data Pribadi
      Personal Data Protection Policy
166   Penerapan atas Pedoman Governansi Korporat
      Implementation of Corporate Governance Guidelines
                                                                                 Laporan Tahunan & Laporan Keberlanjutan
                                                                                     Annual Report & Sustainability Report            3
Page 4
    01
    Ikhtisar
    Kinerja
    Performance
    Highlights


    Sepanjang tahun 2025, Perseroan mencatat
    peningkatan margin laba kotor dan perbaikan
    signifikan pada rasio keuangan, mencerminkan
    langkah nyata menuju kinerja yang lebih sehat.
    Throughout 2025, the Company recorded an improved gross profit
    margin and significant recovery in financial ratios, reflecting
    tangible progress toward healthier performance.




             Laporan Tahunan & Laporan Keberlanjutan
4            Annual Report & Sustainability Report
Page 5
Laporan Tahunan & Laporan Keberlanjutan
    Annual Report & Sustainability Report   5
Page 6
             IKHTISAR KINERJA
             Performance Highlights




    Ikhtisar Keuangan
    Financial Highlights

               Total Penjualan                                                       Total Aset
               Total Revenue                                                         Total Assets
               juta/million                                                          juta/million


    Rp
         3,194,683                                                        Rp
                                                                               868,111
               Rugi Usaha                                                            Rugi Bersih
               Operating Loss                                                        Net Loss
               juta/million                                                          juta/million


    Rp
         (5,293)                                                          Rp
                                                                               (5,298)
     Penjualan                                                            Jumlah Aset
     Sales                                                                Total Assets
     juta/million                                                         juta/million
                                3,194,683




                                               3,134,643




                                                              3,195,795




                                                                                                                          1,012,448
                                                                                                                905,659
                                                                                                     868,111




                               2025          2024             2023                                  2025       2024       2023




     Rugi Usaha                2025          2024             2023        Rugi Bersih               2025       2024       2023
     Operating Loss                                                       Net Loss
     juta/million                                                         juta/million
                                (5,293)




                                               (33,887)




                                                                                                     (5,298)




                                                                                                               (35,510)




                                                                                                                          (75,121)
                                                              (73,532)




                    Laporan Tahunan & Laporan Keberlanjutan
6                   Annual Report & Sustainability Report
Page 7
                                                                                                              PT Kokoh Inti Arebama Tbk




Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Financial Position
(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


                  Uraian                          2025                2024                2023                        Description

 Jumlah Aset                                          868,111           905,659           1,012,448                                     Total Assets

 Jumlah Liabilitas                                   957,919             991,798           1,061,620                             Total Liabilities

 Jumlah Ekuitas                                     (89,808)            (86,139)            (49,172)                                    Total Equity




Laporan Laba Rugi dan Penghasilan Komprehensif Konsolidasian
Consolidated Statement of Profit or Loss and Other Comprehensive Income
(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


                  Uraian                          2025                2024                2023                        Description

 Penjualan                                         3,194,683          3,134,643           3,195,795                                           Sales

 Laba Kotor                                          261,898             230,117            234,587                                     Gross Profit

 Rugi Usaha                                           (5,923)           (33,887)            (73,532)                             Operating Loss

 Rugi Bersih                                          (5,298)           (35,510)             (75,121)                                      Net Loss

 Rugi Tahun Berjalan yang dapat Diatribusikan kepada:                                                       Loss for the Year Attributable to:

 Pemilik Entitas Induk                                (5,298)           (35,510)             (75,121)                  Owners of the Company

 Kepentingan Non Pengendali                                  0                  0                    0                 Non-Controlling Interest

 Jumlah                                               (5,298)           (35,510)             (75,121)                                         Total

 Jumlah Kerugian Komprehensif yang dapat Diatribusikan kepada:                                     Total Comprehensive Loss Attributable to:

 Pemilik Entitas Induk                                (3,669)           (36,967)            (75,014)                   Owners of the Company

 Kepentingan Non Pengendali                                  0                  0                    0                 Non-Controlling Interest

 Jumlah                                               (3,669)           (36,967)            (75,014)                                          Total

 Rugi per Saham Dasar dan                                                                                               Basic and Diluted Loss
 Dilusian yang Dapat Diatribusikan                     (5.40)             (36.20)            (76.59)                  per Share Attributable to
 Kepada Pemilik Entitas Induk                                                                                          Owners of the Company




Laporan Arus Kas Konsolidasian
Consolidated Statement of Cash Flow
(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


                  Uraian                          2025                2024                2023                        Description

 Arus Kas dari Aktivitas Operasi                    (32,490)                9,219           177,532      Cash Flows from Operating Activities

 Arus Kas dari Aktivitas Investasi                    20,962                (693)             (3,179)     Cash Flows from Investing Activities

 Arus Kas dari Aktivitas Pendanaan                    (6,800)             (6,137)         (123,385)      Cash Flows from Financing Activities




                                                                                            Laporan Tahunan & Laporan Keberlanjutan
                                                                                                Annual Report & Sustainability Report                  7
Page 8
            IKHTISAR KINERJA
            Performance Highlights




    Rasio Keuangan dan Informasi Lain
    Financial Ratio and Other Information

                    Uraian                          2025              2024               2023                    Description

    Rasio Laba Kotor
                                                           8.20%            7.34%            7.34%                    Gross Profit Margin
    terhadap Penjualan Bersih

    Rasio Laba (Rugi) Usaha                                                                                      Operating Income (Loss)
                                                       (0.19%)           (1.08%)            (2.30%)
    terhadap Penjualan Bersih                                                                                         to Net Sales Ratio

    Rasio Laba (Rugi) Bersih                                                                                           Net Income (Loss)
                                                           (0.17%)          (1.13%)         (2.35%)
    terhadap Penjualan Bersih                                                                                           to Net Sales Ratio

    Rasio Laba (Rugi) Bersih
                                                       (0.61%)           (3.92%)            (7.42%)                      Return on Assets
    terhadap Jumlah Aset

    Rasio Laba (Rugi) Bersih Ekuitas                   (5.90%)          (41.22%)          (152.77%)                      Return on Equity

    Rasio Liabilitas                                                                                                          Liabilities to
                                                      110.35%           109.51%            104.86%
    terhadap Jumlah Aset                                                                                                Total Assets Ratio

    Rasio Liabilitas terhadap Ekuitas             (1,066.63%)         (1,151.39%)       (2,158.97%)        Liabilities to Total Equity Ratio

    Rasio Lancar                                       83.22%            81.42%             83.76%                           Current Ratio




    Ikhtisar Saham
    Stock Highlights

                                        Harga Saham (Rupiah)                                         Jumlah Saham
                                                                                  Volume                                 Kapitalisasi
                                         Stock Price (Rupiah)                                         yang Beredar
                                                                                Perdagangan                             Pasar (Rupiah)
           Periode                                                                                  (Lembar Saham)
                                                                              (Lembar Saham)                                Market
            Period              Tertinggi      Terendah         Penutupan                              Total Shares
                                                                               Trading Volume                           Capitalization
                                 Highest        Lowest           Closing                               Outstanding
                                                                                   (Share)                                 (Rupiah)
                                                                                                         (Share)

                                                                     2025
    Januari-Maret
                                        70                 63         65                677,400         980,843,732      63,754,842,580
    January-March

    April-Juni
                                        65                 65         65                 98,900         980,843,732      63,754,842,580
    April-June

    Juli-September
                                        85                 60         75              6,452,300         980,843,732      73,563,279,900
    July-September

    Oktober-Desember
                                       100                 65         85              12,458,700        980,843,732       83,371,717,220
    October-December

                                                                     2024
    Januari-Maret
                                        80                  0         80                  2,700         980,843,732      78,467,498,560
    January-March

    April-Juni
                                          0                 0         80                        0       980,843,732      78,467,498,560
    April-June

    Juli-September
                                        74                  0         80                    400         980,843,732      78,467,498,560
    July-September

    Oktober-Desember
                                        74                  0         150                 21,000        980,843,732      147,126,559,800
    October-December



                 Laporan Tahunan & Laporan Keberlanjutan
8                Annual Report & Sustainability Report
Page 9
                                                                                                 PT Kokoh Inti Arebama Tbk




Aksi Korporasi
Corporate Actions

Sepanjang tahun buku 2025, Perseroan tidak melakukan aksi        Throughout the 2025 financial year, the Company did not
korporasi apa pun, termasuk pemecahan saham (stock split),       undertake any corporate actions, including stock splits, reverse
penggabungan saham (reverse stock), dividen saham, saham         stock splits, stock dividends, bonus shares, changes in share
bonus, perubahan nilai nominal saham, penerbitan efek bersifat   nominal value, issuance of convertible securities, or any form
konversi, maupun penambahan atau pengurangan modal.              of capital increase or reduction.




Penghentian Sementara Perdagangan
Saham (Suspension) dan/atau Pembatalan
Pencatatan Saham (Delisting)
Suspension of Share Trading and/or Delisting

Sepanjang tahun 2025, Perseroan tidak dikenakan sanksi           Throughout 2025, the Company was not subject to any
berupa penghentian sementara perdagangan saham                   share trading suspension or delisting by the Indonesia
(suspension) maupun pembatalan pencatatan saham                  Stock Exchange.
(delisting) oleh Bursa Efek Indonesia.




                                                                               Laporan Tahunan & Laporan Keberlanjutan
                                                                                   Annual Report & Sustainability Report            9
Page 10
     02
     Laporan
     Manajemen
     Management
     Report


     Sinergi antara pengawasan Dewan Komisaris dan
     kepemimpinan Direksi membentuk landasan kokoh
     bagi strategi Perseroan. Kinerja sepanjang tahun
     2025 mencerminkan upaya konsolidasi dan penguatan
     fundamental usaha di tengah tantangan industri
     distribusi bahan bangunan.
     The synergy between the Board of Commissioners’ oversight and
     the Directors’ leadership established a solid foundation for the
     Company’s strategy. Performance throughout 2025 reflected
     efforts to consolidate and strengthen business fundamentals amid
     challenges in the building materials distribution industry.




              Laporan Tahunan & Laporan Keberlanjutan
10            Annual Report & Sustainability Report
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Laporan Tahunan & Laporan Keberlanjutan
    Annual Report & Sustainability Report   11
Page 12
                   LAPORAN MANAJEMEN
                   Management Report




     Laporan Dewan Komisaris
     Board of Commissioners’ Report




     Dewan Komisaris menilai
     bahwa sepanjang tahun buku
     2025, Direksi telah
     menjalankan fungsi pengelolaan
     Perseroan secara profesional
     dengan tetap berpegang pada
     strategi yang telah ditetapkan.
     The Board of Commissioners assesses
     that throughout the 2025 financial
     year, the Board of Directors has carried
     out the management of the Company
     professionally, while adhering to the
     established strategic direction.




     WIROAT
     RATTANACHAISIT
     Komisaris Utama
     President Commissioner




                Laporan Tahunan & Laporan Keberlanjutan
12              Annual Report & Sustainability Report
Page 13
                                                                                                    PT Kokoh Inti Arebama Tbk




Para Pemegang Saham dan Pemangku Kepentingan yang terhormat,
Esteemed Shareholders and Stakeholders,


Izinkan kami, Dewan Komisaris PT Kokoh Inti Arebama Tbk             Allow    us,     the    Board    of    Commissioners       of
(“Perseroan”), menyampaikan laporan pengawasan atas                 PT Kokoh Inti Arebama Tbk (the “Company”), to present
kinerja dan strategi Perseroan untuk tahun buku 2025. Melalui       our supervisory report on the Company’s performance and
laporan ini, kami berharap dapat memberikan informasi yang          strategic direction for the 2025 financial year. Through
akuntabel, transparan, dan dapat meningkatkan kepercayaan           this report, we aim to provide accountable and transparent
seluruh pemangku kepentingan.                                       information that reinforces the trust of all stakeholders.


Tahun 2025 menjadi periode penting bagi Perseroan dalam             The year 2025 marked a pivotal period for the Company in
memperkuat pertumbuhan yang berkelanjutan. Sebagai bagian           strengthening sustainable growth. As part of its long-term
dari strategi jangka panjang, Perseroan terus menegaskan            strategy, the Company has continued to affirm its commitment
komitmennya terhadap penguatan inovasi layanan dan produk,          to enhancing service and product innovation, including
termasuk yang mendukung transformasi hijau.                         initiatives that support a green transformation.


Dalam pengawasan kami, Perseroan telah menjalankan                  Under our oversight, the Company has implemented a range
berbagai inisiatif strategis, mulai dari peningkatan program        of strategic initiatives, spanning from the enhancement of
pemasaran dan promosi di seluruh lini bisnis, hingga                marketing and promotional programs across all business lines
penguatan efisiensi operasional dan produktivitas. Perseroan        to the strengthening of operational efficiency and productivity.
juga aktif menghadirkan produk dan layanan berkualitas              The Company has also actively delivered high-quality and
serta ramah lingkungan, dengan tujuan memperkuat daya               environmentally responsible products and services, with the
saing dan memberikan nilai tambah bagi pelanggan serta              objective of enhancing competitiveness while generating
masyarakat luas.                                                    added value for customers and the broader community.


Tinjauan Strategis Ekonomi dan Industri                             Strategic Review of the Economic and Industry
Dewan Komisaris mencatat bahwa perekonomian global                  The Board of Commissioners notes that the global economy
sepanjang 2025 masih menghadapi ketidakpastian tinggi               throughout 2025 continued to face high uncertainty due
akibat ketegangan geopolitik, kebijakan moneter global yang         to geopolitical tensions, relatively tight global monetary
relatif ketat, serta dinamika rantai pasok internasional. Kondisi   policies, and dynamics in international supply chains. These
ini mendorong volatilitas pasar keuangan dan memengaruhi            conditions drove volatility in financial markets and influenced
aliran modal ke negara berkembang, sehingga menuntut                capital flows to emerging markets, thereby necessitating
penguatan ketahanan ekonomi domestik melalui koordinasi             strengthened domestic economic resilience through
kebijakan yang tepat.                                               appropriate policy coordination.


Di tengah tantangan global tersebut, Dewan Komisaris                Amid these global challenges, the Board of Commissioners
mencatat bahwa perekonomian Indonesia tetap relatif terjaga.        observes that Indonesia’s economy remained relatively
Berdasarkan data Badan Pusat Statistik (BPS), pertumbuhan           stable. According to data from the Central Statistics Agency
ekonomi Indonesia berada pada level 5,11% pada tahun                (BPS), Indonesia’s economic growth reached 5.11% in 2025,
2025, didukung oleh permintaan domestik yang stabil,                supported by stable domestic demand, government fiscal
stimulus fiskal pemerintah, serta bauran kebijakan moneter          stimulus, and accommodative monetary and macroprudential
dan makroprudensial yang akomodatif. Inflasi IHK tercatat           policy measures. CPI inflation was recorded at 2.92%, while
sebesar 2,92%, dan cadangan devisa Indonesia sebesar                Indonesia’s foreign exchange reserves reached USD 156.5
USD156,5 miliar pada akhir Desember 2025. Capaian ini               billion at the end of December 2025. These achievements
menunjukkan daya tahan Neraca Pembayaran yang memadai.              indicate a sufficient level of resilience in the Balance of
Stabilitas ini tentunya menjadi landasan penting bagi pelaku        Payments, providing an essential foundation for business
usaha, termasuk Perseroan.                                          actors, including the Company.


Dalam konteks kebijakan domestik, Dewan Komisaris                   In terms of domestic policy, the Board of Commissioners
mencermati bauran kebijakan moneter dan makroprudensial             notes Bank Indonesia’s mix of monetary and macroprudential
Bank Indonesia, termasuk penurunan BI-Rate menjadi 4,75%            measures, including the reduction of the BI Rate to 4.75%
pada akhir 2025 serta penguatan Kebijakan Insentif Likuiditas       at the end of 2025, as well as the strengthening of the


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     Makroprudensial (KLM) yang diarahkan untuk mendorong             Macroprudential Liquidity Incentive Policy (KLM), aimed at
     penyaluran kredit dan menjaga stabilitas sistem keuangan.        encouraging credit distribution and maintaining financial
     Pertumbuhan kredit perbankan sebesar 9,69% (yoy) serta           system stability. Banking credit growth of 9.69% year-
     ketahanan sistem keuangan yang tetap terjaga menjadi             on-year, along with sustained financial system resilience,
     faktor pendukung bagi sektor riil, termasuk konstruksi dan       has supported the real sector, including construction and
     real estate.                                                     real estate.


     Dewan Komisaris mencermati perkembangan lapangan usaha           The Board of Commissioners also observes the development
     utama dengan catatan yang positif. Industri pengolahan,          of key business sectors positively. Manufacturing, trade,
     perdagangan, pertanian, konstruksi, dan pertambangan tetap       agriculture, construction, and mining remain pillars of the
     menjadi pilar perekonomian nasional. Secara khusus, sektor       national economy. In particular, the construction sector plays
     konstruksi menunjukkan peran strategis dalam mendukung           a strategic role in supporting infrastructure development, with
     pembangunan infrastruktur, dan pertumbuhannya sebesar            growth of 3.89% in 2025 confirming that the implementation
     3,89% pada tahun 2025 menegaskan bahwa pelaksanaan               of National Strategic Projects (PSN) not only absorbs labor
     Proyek Strategis Nasional (PSN) tidak hanya menyerap             but also strengthens the foundation for medium-term growth.
     tenaga kerja, tetapi juga memperkuat fondasi pertumbuhan
     jangka menengah.


     Selain itu, Dewan Komisaris turut mencermati tren harga          Furthermore, the Board of Commissioners monitors building
     bahan bangunan sebagai salah satu indikator dinamika             material price trends as an indicator of the construction
     industri konstruksi. Berdasarkan data Badan Pusat Statistik,     industry’s dynamics. According to BPS data, the Wholesale
     Indeks Harga Perdagangan Besar (IHPB) Bahan Bangunan/            Price Index (IHPB) for Building/Construction Materials rose
     Konstruksi pada 2025 meningkat sebesar 2,06% dibandingkan        by 2.06% in 2025 compared to the previous year, reaching
     tahun sebelumnya dan mencapai level 103,35 pada Desember         103.35 in December 2025. The increase was mainly observed in
     2025. Kenaikan tersebut terutama terjadi pada kelompok           residential and public works construction segments, reflecting
     bangunan tempat tinggal dan pekerjaan umum, yang                 the continued activity in the construction market. The Board
     mencerminkan tetap berlangsungnya aktivitas konstruksi di        of Commissioners considers this development a matter for
     pasar. Dewan Komisaris memandang perkembangan ini perlu          the Directors’ attention in managing costs and ensuring the
     menjadi perhatian Direksi dalam menjaga pengelolaan biaya        effectiveness of the Company’s distribution strategies.
     dan efektivitas strategi distribusi Perseroan.


     Berdasarkan pemantauan yang telah dilakukan, Dewan               Based on our monitoring, the Board of Commissioners
     Komisaris menilai bahwa dinamika ekonomi dan industri            concludes that the economic and industry dynamics
     sepanjang 2025 membentuk lingkungan usaha yang                   throughout 2025 created a business environment that requires
     memerlukan       pengelolaan    cermat     oleh   Perseroan.     careful management by the Company. The sustainability of
     Keberlanjutan      pembangunan     infrastruktur,   stabilitas   infrastructure development, stability of domestic demand, and
     permintaan domestik, serta tren kenaikan harga bahan             the trend of rising building material prices are key external
     bangunan menjadi faktor eksternal utama yang memengaruhi         factors influencing distribution. The Board of Commissioners
     distribusi. Dewan Komisaris menekankan pentingnya                emphasizes the importance of ongoing supervision over
     pengawasan berkelanjutan terhadap operasional Perseroan,         the Company’s operations, cost risk mitigation, and prudent
     mitigasi risiko biaya, dan penyesuaian strategi yang prudent     strategic adjustments to remain aligned with market and
     agar tetap selaras dengan kondisi pasar dan industri.            industry conditions.


     Penilaian Dewan Komisaris atas Kinerja Direksi                   Board of Commissioners’ Assessment of the Board of
                                                                      Directors’ Performance
     Dewan Komisaris menilai bahwa sepanjang tahun buku               The Board of Commissioners assesses that throughout
     2025, Direksi telah menjalankan fungsi pengelolaan               the 2025 financial year, the Board of Directors has carried
     Perseroan secara profesional dengan tetap berpegang pada         out the management of the Company professionally, while
     strategi yang telah ditetapkan. Direksi menunjukkan upaya        adhering to the established strategic direction. The Board of
     konsisten dalam menjaga keberlangsungan usaha di tengah          Directors has demonstrated consistent efforts in maintaining
     dinamika industri distribusi dan ritel bahan bangunan yang       business continuity amid the competitive dynamics of the




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kompetitif. Strategi yang dijalankan mencerminkan fokus           building materials distribution and retail industry. The
pada penguatan fundamental bisnis, peningkatan efisiensi          strategies implemented reflect a focus on strengthening
operasional, serta penyesuaian inisiatif yang bersifat selektif   business fundamentals, improving operational efficiency, and
dan terukur, tanpa melakukan perubahan mendasar terhadap          executing selective and measured initiatives, without making
arah strategi Perseroan.                                          fundamental changes to the Company’s strategic direction.


Dalam      pelaksanaannya,     Direksi   memprioritaskan          In execution, the Board of Directors prioritized the development
pengembangan segmen distributor bahan bangunan, yang              of the building materials distributor segment, which remained
tetap menjadi kontributor utama terhadap pendapatan               the primary contributor to the Company’s revenue (69%). The
Perseroan (69%). Dewan Komisaris mencermati bahwa                 Board of Commissioners notes that this strategy encompasses
strategi ini meliputi penguatan rantai pasok, optimalisasi        strengthening the supply chain, optimizing relationships
hubungan dengan prinsipal, pemanfaatan kanal digital, serta       with principals, leveraging digital channels, and adjusting
penyesuaian operasional untuk mendorong pertumbuhan               operations to drive growth in regions outside Java, which
di wilayah luar Jawa, yang mengalami peningkatan                  showed improvement compared to the previous year.
dibandingkan tahun sebelumnya.


Di sisi ritel, langkah Direksi dalam mengelola jaringan           On the retail side, the Board of Commissioners has observed
Belanja Keramik dan layanan Mitraruma juga diperhatikan.          the Board of Directors’ efforts in managing the Belanja
Penyelesaian proyek Mitraruma rata-rata 12 proyek per bulan       Keramik network and Mitraruma services. The completion of
sepanjang 2025 menunjukkan kinerja yang konsisten dalam           an average of 12 Mitraruma projects per month throughout
layanan one-stop design & build, tanpa mengubah fokus             2025 demonstrates consistent performance in providing one-
Perseroan pada segmen distributor. Dewan Komisaris menilai        stop design & build services, without shifting the Company’s
bahwa upaya ini mendukung kualitas layanan, konsistensi           strategic focus away from the distributor segment. The
standar operasional, serta pengalaman pelanggan yang              Board of Commissioners considers these efforts to support
menyeluruh.                                                       service quality, operational standard consistency, and a
                                                                  comprehensive customer experience.


Dari sisi kinerja keuangan, Dewan Komisaris mencatat bahwa        From a financial performance perspective, the Board
realisasi pendapatan Perseroan pada tahun 2025 masih berada       of Commissioners notes that the Company’s revenue in
di bawah target yang telah ditetapkan, seiring dengan kondisi     2025 remained below the set targets, in line with demand
permintaan yang belum sepenuhnya pulih, persaingan yang           conditions that had not fully recovered, intense competition,
ketat, serta penerapan strategi penjualan yang lebih selektif.    and the implementation of a more selective sales strategy.
Meskipun demikian, adanya perbaikan pada tingkat kerugian         Nevertheless, the improvement in net loss compared
bersih dibandingkan tahun sebelumnya mencerminkan                 to the previous year reflects the effectiveness of cost-
efektivitas langkah pengendalian biaya, disiplin operasional,     control measures, operational discipline, and more prudent
serta pengelolaan usaha yang lebih berhati-hati.                  business management.


Berdasarkan evaluasi atas pelaksanaan strategi, capaian           Based on an evaluation of strategy execution, operational
operasional, serta kondisi keuangan Perseroan secara              achievements, and the Company’s overall financial condition,
keseluruhan, Dewan Komisaris menilai bahwa kinerja Direksi        the Board of Commissioners concludes that the performance
pada tahun buku 2025 mencerminkan upaya konsolidasi dan           of the Board of Directors in the 2025 financial year reflects
penguatan fondasi bisnis, sekaligus menjaga adaptabilitas         a consolidation effort and strengthening of the business
Perseroan terhadap dinamika pasar dan tantangan internal          foundation, while maintaining the Company’s adaptability to
maupun eksternal.                                                 market dynamics and internal and external challenges.


Pengawasan Dewan Komisaris atas Perumusan dan                     Supervision by the Board of Commissioners on the
Implementasi Strategi Perseroan                                   Formulation and Implementation of the Company’s Strategy
Dalam menjalankan fungsi pengawasan, Dewan Komisaris              In carrying out its supervisory function, the Board of
secara aktif memantau proses perumusan dan implementasi           Commissioners actively monitors the formulation and
strategi Perseroan yang dijalankan Direksi sepanjang 2025.        implementation of the Company’s strategy executed by
Pengawasan dilakukan melalui rapat rutin, pembahasan              the Board of Directors throughout 2025. Supervision is




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     kinerja, serta penelaahan laporan manajemen, untuk               conducted through regular meetings, performance reviews,
     memastikan bahwa kebijakan dan inisiatif strategis tetap         and management report assessments to ensure that policies
     selaras dengan arah strategi Perseroan, prinsip kehati-hatian,   and strategic initiatives remain aligned with the Company’s
     serta praktik Tata Kelola Perusahaan yang Baik.                  strategic direction, prudential principles, and Good Corporate
                                                                      Governance practices.


     Dewan Komisaris mencermati bahwa Direksi menjalankan             The Board of Commissioners observes that the Board
     strategi dengan pendekatan adaptif, khususnya dalam              of Directors has executed the strategy with an adaptive
     merespons dinamika pasar, tekanan biaya, dan tantangan           approach, particularly in responding to market dynamics,
     operasional yang muncul dari pengembangan kanal                  cost pressures, and operational challenges arising from the
     distribusi, ritel, dan digital. Dalam konteks ini, Dewan         development of distribution, retail, and digital channels.
     Komisaris menekankan pentingnya keseimbangan antara              In this context, the Board of Commissioners emphasizes
     pertumbuhan usaha dan pengelolaan risiko, termasuk terkait       the importance of balancing business growth with risk
     efisiensi operasional, kualitas layanan, serta keberlanjutan     management, including operational efficiency, service quality,
     kinerja keuangan.                                                and the sustainability of financial performance.


     Dewan Komisaris juga menilai bahwa Direksi secara                The Board of Commissioners also assesses that the Board
     konsisten memperhatikan aspek keberlanjutan, tata kelola,        of Directors has consistently considered sustainability,
     dan pengembangan sumber daya manusia dalam setiap                governance, and human resource development in every
     pelaksanaan strategi, sejalan dengan praktik bisnis yang         strategic execution, in line with responsible business
     bertanggung jawab. Pengawasan ini dilakukan untuk                practices. This supervision ensures that the Company’s
     memastikan bahwa inisiatif Perseroan tidak hanya berorientasi    initiatives not only focused on short-term achievements but
     pada pencapaian jangka pendek, tetapi juga memperkuat            also strengthened competitiveness and business resilience
     daya saing dan ketahanan usaha dalam jangka panjang.             over the long term.


     Dalam melaksanakan fungsi pengawasan tersebut, Dewan             In performing this supervisory function, the Board of
     Komisaris didukung oleh Komite Audit yang secara berkala         Commissioners is supported by the Audit Committee, which
     menelaah kinerja keuangan, efektivitas pengendalian              periodically reviews financial performance, internal control
     internal, serta kepatuhan terhadap peraturan yang berlaku.       effectiveness, and regulatory compliance. Through this
     Melalui mekanisme ini, Dewan Komisaris memperoleh                mechanism, the Board of Commissioners gains assurance that
     keyakinan bahwa implementasi strategi Perseroan telah            the implementation of the Company’s strategy was conducted
     dijalankan secara terukur, bertanggung jawab, dan didukung       in a measured, responsible manner and supported by reliable
     oleh informasi yang andal dan transparan.                        and transparent information.


     Pandangan atas Penerapan Tata Kelola Perusahaan                  Perspective on the Implementation of Corporate Governance
     Dewan Komisaris memandang penerapan Tata Kelola                  The Board of Commissioners regards the implementation of
     Perusahaan yang Baik (Good Corporate Governance/GCG)             Good Corporate Governance (GCG) as a fundamental pillar
     sebagai fondasi utama dalam menjaga keberlanjutan usaha          in safeguarding business sustainability and strengthening
     dan memperkuat kepercayaan para pemangku kepentingan.            stakeholder trust. In line with Siam Cement Group’s (SCG)
     Sejalan dengan komitmen Siam Cement Group (SCG)                  commitment to conducting business responsibly, the Board
     dalam menjalankan bisnis yang bertanggung jawab, Dewan           of Commissioners consistently encourages the application of
     Komisaris secara konsisten mendorong penerapan prinsip           governance principles that are transparent, accountable, and
     tata kelola yang transparan, akuntabel, dan berintegritas di     rooted in integrity across all levels of the Company.
     seluruh lini Perseroan.


     Sepanjang tahun buku 2025, Dewan Komisaris secara aktif          Throughout the 2025 fiscal year, the Board of Commissioners
     memantau dan mengevaluasi pelaksanaan GCG oleh Direksi.          actively monitored and evaluated the GCG practices
     Dewan Komisaris menilai bahwa nilai-nilai utama SCG, yaitu       implemented by the Board of Directors. The Board of
     kepatuhan terhadap keadilan, dedikasi pada keunggulan,           Commissioners assesses that SCG’s core values—adherence
     keyakinan pada nilai individu, serta kepedulian terhadap         to fairness, dedication to excellence, belief in the value of
     tanggung jawab sosial, telah menjadi landasan dalam              the individual, and concern for social responsibility—have




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pengambilan keputusan strategis dan pelaksanaan kegiatan       served as the foundation for strategic decision-making
operasional Perseroan, serta tercermin dalam budaya            and operational execution. These values are also reflected
kepatuhan, etika kerja, dan komitmen terhadap transparansi     in the Company’s culture of compliance, work ethics, and
serta akuntabilitas.                                           commitment to transparency and accountability.


Dewan Komisaris juga menilai bahwa Perseroan telah             The Board of Commissioners further observes that the
memperkuat sistem pengendalian internal dan mekanisme          Company has strengthened its internal control systems and
pengawasan secara berkelanjutan. Monitoring kinerja,           supervisory mechanisms on an ongoing basis. Performance
pelaporan manajemen secara berkala, serta evaluasi atas        monitoring, periodic management reporting, and evaluations
kepatuhan terhadap peraturan perundang-undangan dan            of compliance with statutory regulations and internal policies
kebijakan internal dilaksanakan secara memadai, dengan         have been conducted adequately, supported by committees
dukungan komite-komite di bawah Dewan Komisaris yang           under the Board of Commissioners that effectively ensure the
berperan efektif dalam memastikan penerapan prinsip GCG.       implementation of GCG principles.


Seiring dengan pengembangan kanal ritel dan digital, Dewan     With the development of retail and digital channels, the Board
Komisaris memberikan perhatian khusus terhadap tata kelola     of Commissioners has placed special emphasis on information
teknologi informasi dan perlindungan data. Dewan Komisaris     technology governance and data protection. The Board of
menilai bahwa Direksi telah mengambil langkah-langkah          Commissioners notes that the Board of Directors has taken
yang tepat dalam memperkuat keamanan sistem informasi          appropriate measures to enhance the security of information
melalui penerapan pengamanan berlapis, audit internal,         systems through layered safeguards, internal audits, and
dan pemantauan berkelanjutan guna mengelola risiko             continuous monitoring, thereby managing IT-related risks
teknologi informasi serta menjaga keandalan operasional dan    while maintaining operational reliability and public trust.
kepercayaan publik.


Ke depan, Dewan Komisaris mendorong peningkatan                Looking ahead, the Board of Commissioners encourages the
pemahaman seluruh karyawan terhadap prinsip tata kelola,       enhancement of all employees’ understanding of governance
penguatan integrasi sistem pelaporan dan monitoring            principles, the strengthening of integrated digital-based
berbasis digital, serta penyempurnaan mekanisme identifikasi   reporting and monitoring systems, and the refinement of
dan evaluasi risiko sebagai bagian dari proses perbaikan       risk identification and evaluation mechanisms as part of the
berkelanjutan.                                                 Company’s continuous improvement efforts.


Berdasarkan hasil pengawasan dan evaluasi sepanjang            Based on the supervision and evaluation conducted throughout
tahun buku 2025, Dewan Komisaris menilai bahwa penerapan       the 2025 fiscal year, the Board of Commissioners concludes
Tata Kelola Perusahaan yang Baik di Perseroan telah            that the implementation of Good Corporate Governance
berjalan secara memadai dan memberikan dukungan positif        within the Company has been adequate and has positively
terhadap pengelolaan usaha yang prudent, berintegritas,        supported prudent, integrity-driven, and sustainable business
dan berkelanjutan. Dewan Komisaris berkomitmen untuk           management. The Board of Commissioners remains committed
terus mengawal penguatan tata kelola perusahaan guna           to continuously overseeing the strengthening of corporate
menciptakan nilai jangka panjang bagi seluruh pemangku         governance to create long-term value for all stakeholders.
kepentingan.


Perubahan Komposisi Dewan Komisaris                            Change in the Composition of the Board of Commissioners
Pada kesempatan ini, Dewan Komisaris juga ingin melaporkan     On this occasion, the Board of Commissioners wishes to report
bahwa berdasarkan keputusan RUPS Tahunan tanggal 20            that, pursuant to the resolution of the Annual GMS held on 20
Juni 2025, Bapak Vorapong Panavasu tidak lagi menjabat         June 2025, Mr. Vorapong Panavasu has stepped down from his
sebagai Komisaris Perseroan, di mana posisi beliau kemudian    position as Commissioner of the Company. He was succeeded
digantikan oleh Bapak Warit Jintanawan.                        by Mr. Warit Jintanawan.


Untuk itu, Dewan Komisaris ingin menyampaikan penghargaan      The Board of Commissioners expresses its highest
setinggi-tingginya kepada Bapak Vorapong Panavasu atas         appreciation to Mr. Vorapong Panavasu for his dedication and
dedikasi dan kontribusinya selama masa jabatannya, serta       contributions during his tenure. At the same time, the Board




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     menyambut Bapak Warit Jintanawan di jajaran Dewan                of Commissioners extends a warm welcome to Mr. Warit
     Komisaris untuk dapat bersama-sama menjalankan fungsi            Jintanawan to the Board of Commissioners and looks forward
     pengawasan atas pengelolaan Perseroan secara efektif.            to working collaboratively in overseeing the Company’s
                                                                      management effectively.


     Menatap Prospek Usaha dengan Landasan yang Kokoh                 Looking Ahead to Business Prospects with
                                                                      a Solid Foundation
     Dewan Komisaris mencermati bahwa tahun 2026 masih                The Board of Commissioners observes that 2026 is expected
     akan diwarnai oleh dinamika ekonomi global yang penuh            to remain characterized by global economic uncertainties.
     ketidakpastian, namun prospek perekonomian nasional              Nonetheless, national economic prospects are relatively
     relatif stabil dan didukung oleh permintaan domestik yang        stable, supported by sustained domestic demand. Indonesia’s
     tetap kuat. Proyeksi pertumbuhan ekonomi Indonesia yang          projected economic growth in the range of 4.9%–5.7%
     meningkat dalam kisaran 4,9%–5,7%, yang mencerminkan             reflects the underlying resilience of the national economy,
     ketahanan fundamental ekonomi nasional, terutama yang            driven primarily by household consumption, government
     ditopang oleh konsumsi rumah tangga, belanja pemerintah,         expenditure, and ongoing investment activities.
     serta aktivitas investasi yang berkelanjutan.


     Dalam konteks tersebut, Dewan Komisaris menilai sektor           In this context, the Board of Commissioners assesses that the
     konstruksi memiliki prospek positif pada 2026. Kelanjutan        construction sector holds a positive outlook for 2026. Continued
     pembangunan infrastruktur strategis, perumahan, fasilitas        development of strategic infrastructure, housing, public
     publik, serta pertumbuhan proyek swasta diperkirakan akan        facilities, and private projects is expected to consistently drive
     mendorong permintaan bahan bangunan secara konsisten.            demand for building materials. The Board of Commissioners
     Dewan Komisaris menekankan bahwa strategi Direksi dalam          emphasizes that the Board of Directors’ strategy to optimize
     menyesuaikan kanal distribusi untuk menjangkau pasar utama       distribution channels to efficiently reach key markets is
     secara efisien dinilai tepat, karena memungkinkan Perseroan      considered appropriate, as it enables the Company to capitalize
     memanfaatkan peluang pertumbuhan sektor konstruksi               on growth opportunities in the construction sector while
     sambil menjaga kesinambungan pasokan dan pelayanan.              maintaining continuity of supply and service.


     Dewan Komisaris menilai bahwa prospek usaha yang                 The Board of Commissioners notes that the business
     disampaikan Direksi telah mempertimbangkan secara                prospects presented by the Board of Directors reflect a
     seimbang antara peluang dan tantangan yang dihadapi              balanced consideration of both opportunities and challenges
     Perseroan. Pendekatan Direksi dalam memperkuat kanal             faced by the Company. The approach adopted by the Board of
     distribusi, memanfaatkan tren digitalisasi, serta menyiapkan     Directors—strengthening distribution channels, leveraging
     strategi operasional yang efisien dinilai sejalan dengan tren    digitalization trends, and preparing efficient operational
     industri dan perubahan perilaku pasar. Hal ini relevan untuk     strategies—is aligned with industry trends and evolving
     menjaga daya saing Perseroan di tengah persaingan yang           market behavior, ensuring the Company’s competitiveness
     semakin ketat.                                                   amid intensifying competition.


     Di sisi lain, Dewan Komisaris juga mencermati tantangan          At the same time, the Board of Commissioners remains
     eksternal yang perlu terus diantisipasi, antara lain fluktuasi   attentive to external challenges that require ongoing
     harga energi dan bahan baku, dinamika rantai pasok, serta        mitigation, including fluctuations in energy and raw material
     tekanan persaingan di industri distribusi bahan bangunan.        prices, supply chain dynamics, and competitive pressures
     Oleh karena itu, langkah Direksi untuk menekankan efisiensi      within the building materials distribution industry. Accordingly,
     operasional, pengelolaan hubungan dengan pemasok                 the Board of Commissioners views the Board of Directors’
     strategis, serta disiplin dalam pengelolaan biaya dinilai        focus on operational efficiency, strategic supplier relationship
     sebagai upaya tepat untuk menjaga stabilitas kinerja usaha.      management, and disciplined cost control as prudent measures
                                                                      to safeguard business performance stability.




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Secara keseluruhan, Dewan Komisaris menilai bahwa prospek            Overall, the Board of Commissioners concludes that the
usaha Perseroan untuk tahun 2026 telah disusun secara                Company’s business outlook for 2026 has been formulated
realistis, terukur, dan selaras dengan visi, misi, serta kapasitas   realistically, measurably, and in alignment with the Company’s
Perseroan. Dengan mempertimbangkan kondisi ekonomi dan               vision, mission, and capabilities. Considering the supportive
industri yang masih mendukung, serta strategi yang telah             economic and industry conditions, coupled with the strategies
dirumuskan, Dewan Komisaris optimis bahwa Perseroan                  developed, the Board of Commissioners is optimistic that the
memiliki fondasi yang memadai untuk mempertahankan                   Company possesses a solid foundation to maintain business
kesinambungan usaha dan mengoptimalkan peluang                       continuity and optimize sustainable growth opportunities in
pertumbuhan secara berkelanjutan pada tahun mendatang.               the coming year.


Penutup                                                              Closing Remarks
Sepanjang tahun 2025, Perseroan telah menunjukkan                    Throughout 2025, the Company has demonstrated resilience
ketangguhan dan komitmen dalam menghadapi dinamika                   and commitment in navigating a challenging business
bisnis yang menantang. Melalui langkah strategis, inovasi,           environment. Through strategic initiatives, innovation, and
serta penguatan tata kelola perusahaan, Perseroan berhasil           the strengthening of corporate governance, the Company
menjaga kesinambungan operasional sekaligus meningkatkan             successfully maintained operational continuity while enhancing
nilai tambah bagi pelanggan, mitra, dan masyarakat.                  value for customers, partners, and the wider community.


Dewan Komisaris akan terus mengawal dan memberikan                   The Board of Commissioners will continue to provide oversight
arahan strategis agar Direksi dapat mempertahankan                   and strategic guidance to enable the Board of Directors to
momentum pertumbuhan, memastikan kinerja yang solid                  sustain growth momentum, ensure solid performance, and
sekaligus mendukung keberlanjutan usaha jangka panjang.              support the long-term sustainability of the business.


Menutup laporan ini, Dewan Komisaris menyampaikan                    In closing, the Board of Commissioners extends its sincere
penghargaan dan terima kasih yang setulusnya kepada                  appreciation and gratitude to the Shareholders, the Board of
Pemegang Saham, Direksi, manajemen, karyawan, mitra bisnis,          Directors, management, employees, business partners, and
dan seluruh pemangku kepentingan atas kepercayaan dan                all stakeholders for the trust and support accorded to the
dukungan yang diberikan. Kerja sama dan kolaborasi semua             Company. The collaboration and commitment of all parties
pihak menjadi fondasi bagi Perseroan dalam mewujudkan                remain the foundation for the Company to achieve sustainable
pertumbuhan yang berkelanjutan dan memberikan manfaat                growth and deliver tangible benefits to society.
nyata bagi masyarakat.




                                                         Jakarta, April 2026
                                                   Atas nama Dewan Komisaris,
                                              On behalf of the Board of Commissioners,




                                                      Wiroat Rattanachaisit
                                                          Komisaris Utama
                                                       President Commissioner




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     Laporan Direksi
     Board of Directors’ Report




     Fokus pada manajemen biaya
     logistik, pemantauan kinerja
     operasional, dan selektivitas
     aktivitas ritel menjadi faktor
     utama dalam menurunkan
     tekanan terhadap profitabilitas.
     Emphasis on logistics cost
     management, operational performance
     monitoring, and selectivity in
     retail activities were key factors in
     alleviating pressures on profitability.




     THICHET
     SRISURIYON
     Direktur Utama
     President Director




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Para Pemegang Saham dan Pemangku Kepentingan yang terhormat,
Dear Shareholders and Valued Stakeholders,


Pada kesempatan ini, perkenankan kami, Direksi PT Kokoh           On this occasion, we, the Board of Directors of PT Kokoh Inti
Inti Arebama Tbk (“Perseroan”), menyampaikan Laporan              Arebama Tbk (the “Company”), are pleased to present the
Direksi yang memuat kinerja dan pengelolaan usaha                 Board of Directors’ Report, which outlines the Company’s
Perseroan sepanjang tahun buku 2025 yang disusun                  performance and business management throughout the 2025
sebagai bentuk pertanggungjawaban Direksi atas                    fiscal year. This report is prepared as part of the Board of
pelaksanaan pengelolaan Perseroan di tengah dinamika              Directors’ accountability for the management of the Company
lingkungan usaha yang terus berkembang.                           amid a continuously evolving business environment.


Tahun 2025 merupakan periode yang diwarnai oleh berbagai          The year 2025 was marked by a combination of challenges
tantangan sekaligus peluang, seiring dengan perkembangan          and opportunities, in line with developments in both the
kondisi ekonomi global dan domestik. Dalam menghadapi             global and domestic economic landscape. In navigating these
dinamika tersebut, Perseroan senantiasa berupaya menjaga          dynamics, the Company has consistently sought to maintain
kesinambungan usaha melalui langkah-langkah strategis             business continuity through targeted and well-calibrated
yang terarah dan terukur.                                         strategic initiatives.


Sejalan dengan arahan strategis Siam Cement Group (SCG),          In accordance with the strategic guidance of Siam Cement
Perseroan terus menyesuaikan strategi operasional dan             Group (SCG), the Company continued to adjust its operational
komersial guna memperkuat daya saing dan keberlanjutan            and commercial strategies to strengthen competitiveness and
usaha. Sepanjang tahun 2025, Perseroan memprioritaskan            ensure sustainable business operations. Throughout 2025,
peningkatan kualitas layanan, penguatan jaringan distribusi,      the Company prioritized enhancing service quality, fortifying
pengembangan portofolio produk, serta optimalisasi platform       its distribution network, developing its product portfolio, and
digital Mitraruma sebagai bagian dari upaya menciptakan           optimizing the Mitraruma digital platform as part of efforts to
nilai tambah bagi pelanggan dan pemangku kepentingan.             create added value for customers and stakeholders.


Analisis Perkembangan Ekonomi dan Industri                        Analysis of Economic and Industry Developments
Perekonomian global sepanjang 2025 masih dihadapkan pada          The global economy throughout 2025 continued to face
ketidakpastian tinggi akibat ketegangan geopolitik, kebijakan     significant uncertainties due to geopolitical tensions,
moneter global yang relatif ketat, dan dinamika rantai pasok      relatively tight global monetary policies, and the dynamics
internasional. Kondisi ini mendorong volatilitas pasar keuangan   of international supply chains. These factors contributed to
global dan memengaruhi arus modal ke negara berkembang,           heightened volatility in global financial markets and influenced
sehingga menuntut penguatan ketahanan ekonomi domestik            capital flows to emerging economies, thereby necessitating
melalui respons kebijakan yang terkoordinasi.                     the strengthening of domestic economic resilience through
                                                                  coordinated policy responses.


Di tengah dinamika global tersebut, perekonomian Indonesia        Amid these global dynamics, Indonesia’s economy remained
tetap terjaga. Badan Pusat Statistik (BPS) melaporkan             resilient. The Central Statistics Agency (BPS) reported
pertumbuhan ekonomi Indonesia sebesar 5,11% di tahun 2025,        Indonesia’s economic growth at 5.11% in 2025, a slight increase
sedikit meningkat dibandingkan tahun sebelumnya yang              compared to 5.03% in the previous year. This performance
tercatat sebesar 5,03%. Capaian ini didukung oleh permintaan      was underpinned by robust domestic demand, government
domestik yang kuat, stimulus fiskal Pemerintah, serta bauran      fiscal stimulus, and an accommodative mix of monetary
kebijakan moneter dan makroprudensial yang akomodatif.            and macroprudential policies. Macroeconomic stability was
Stabilitas makroekonomi tercermin dari inflasi Indeks Harga       reflected in a Consumer Price Index (CPI) inflation rate of
Konsumen (IHK) sebesar 2,92%, serta Neraca Pembayaran             2.92%, as well as a resilient Balance of Payments position,
Indonesia yang berdaya tahan dengan cadangan devisa               with foreign exchange reserves reaching USD 156.5 billion by
sebesar USD156,5 miliar pada akhir Desember 2025.                 the end of December 2025.


Dari sisi kebijakan, Bank Indonesia memperkuat bauran             From a policy perspective, Bank Indonesia strengthened the
kebijakan moneter, makroprudensial, dan sistem pembayaran         combination of monetary, macroprudential, and payment
sepanjang 2025 untuk mendorong pertumbuhan dengan                 system policies throughout 2025 to promote growth while


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     tetap menjaga stabilitas. Penurunan BI-Rate hingga 4,75%            maintaining stability. The reduction of the BI-Rate to 4.75%
     pada akhir 2025, ekspansi likuiditas moneter, serta penguatan       by the end of 2025, the expansion of monetary liquidity, and
     Kebijakan Insentif Likuiditas Makroprudensial (KLM) diarahkan       the reinforcement of the Macroprudential Liquidity Incentive
     untuk mendorong kredit ke sektor prioritas, termasuk                Policy (KLM) were aimed at stimulating credit to priority
     konstruksi, real estate, dan perumahan. Pertumbuhan kredit          sectors, including construction, real estate, and housing.
     perbankan tercatat 9,69% (yoy), berada dalam kisaran target         Banking credit growth was recorded at 9.69% year-on-year,
     Bank Indonesia, dengan sistem keuangan tetap terjaga.               within Bank Indonesia’s target range, while the financial
                                                                         system remained sound.


     Dari sisi sektoral, kinerja lapangan usaha utama tetap              From a sectoral standpoint, the performance of key economic
     positif. Sektor industri pengolahan, perdagangan besar dan          sectors remained positive. The manufacturing, wholesale
     eceran, serta reparasi mobil dan sepeda motor, pertanian,           and retail trade, and motor vehicle repair sectors, along with
     kehutanan, dan perikanan, konstruksi, serta pertambangan dan        agriculture, forestry, fisheries, construction, and mining and
     penggalian mendominasi aktivitas ekonomi nasional hingga            quarrying, collectively accounted for 63.92% of national
     mencapai 63,92%. Di antara sektor-sektor tersebut, konstruksi       economic activity. Among these sectors, construction played a
     memegang peran strategis seiring berlanjutnya pembangunan           strategic role in line with ongoing infrastructure development
     infrastruktur di berbagai wilayah. Pada tahun 2025, sektor          across various regions. In 2025, this sector grew by 3.89%,
     ini tumbuh sebesar 3,89%, yang didorong oleh percepatan             driven by the acceleration of National Strategic Projects
     pelaksanaan Proyek Strategis Nasional (PSN) yang tidak              (PSN), which not only absorbed labor but also strengthened
     hanya menyerap tenaga kerja, tetapi juga memperkuat fondasi         the foundation for medium-term economic growth.
     pertumbuhan ekonomi jangka menengah.


     Perkembangan sektor konstruksi juga tercermin dari tren             Trends in the construction sector were also reflected in
     kenaikan harga bahan bangunan. Berdasarkan data Badan               rising building material prices. According to BPS data, the
     Pusat Statistik, Indeks Harga Perdagangan Besar (IHPB) Bahan        Wholesale Price Index (WPI) for Building/Construction
     Bangunan/Konstruksi sepanjang 2025 meningkat secara                 Materials steadily increased in 2025, reaching 103.35 in
     bertahap, mencapai level 103,35 pada Desember 2025 atau             December 2025, up 2.06% from the end of 2024. Price
     naik sebesar 2,06% dibandingkan akhir tahun 2024. Kenaikan          increases were particularly notable in Residential and Non-
     indeks ini terutama terlihat pada kelompok Bangunan Tempat          Residential Buildings (2.91%), Public Works (1.45–2.00%),
     Tinggal dan Bukan Tempat Tinggal (2,91%), Pekerjaan Umum            Other Buildings (2.49%), and Electricity, Gas, Drinking Water,
     (1,45–2,00%), Bangunan Lainnya (2,49%), serta instalasi             and Communication Installations (1.40%), reflecting ongoing
     Listrik, Gas, Air Minum, dan Komunikasi (1,40%), mencerminkan       construction activity to support client projects. This trend
     berlanjutnya aktivitas konstruksi untuk mendukung proyek-           constitutes a critical factor to be considered in managing the
     proyek pelanggan. Kondisi ini menjadi faktor penting yang           Company’s cost structure and operational efficiency.
     perlu diperhatikan dalam pengelolaan biaya dan efisiensi
     operasional Perseroan.


     Dalam konteks tersebut, dinamika ekonomi dan industri               In this context, the economic and industry dynamics
     sepanjang 2025 membentuk lingkungan usaha yang                      throughout 2025 shaped a business environment that the
     perlu dicermati Perseroan sebagai pelaku distribusi bahan           Company must carefully monitor as a distributor of building
     bangunan.     Keberlanjutan      pembangunan       infrastruktur,   materials. The sustainability of infrastructure development,
     stabilitas permintaan domestik, serta tren kenaikan harga           domestic demand stability, and the trend of rising building
     bahan bangunan menjadi faktor eksternal yang memengaruhi            material prices represent external factors influencing
     aktivitas usaha. Kondisi ini menjadi landasan bagi Direksi untuk    business activities. These conditions provide the foundation
     mengelola operasional, memastikan kesinambungan pasokan,            for the Board of Directors to manage operations, ensure
     dan menyesuaikan strategi secara prudent agar tetap selaras         continuity of supply, and prudently adjust strategies to remain
     dengan perkembangan pasar dan kondisi industri.                     aligned with market developments and industry conditions.


     Strategi Utama Perseroan:                                           Key Company Strategies:
     Memperkuat Posisi, Memperluas Peluang                               Strengthening Position, Expanding Opportunities
     Selaras dengan visi jangka panjang Perseroan untuk                  In line with the Company’s long-term vision to drive sustainable
     mendorong transformasi bisnis yang berkelanjutan, Perseroan         business transformation, the Company executed measured


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menjalankan strategi yang terukur dan adaptif terhadap            and adaptive strategies in response to market dynamics
dinamika pasar sepanjang tahun 2025. Strategi ini dirancang       throughout 2025. These strategies were designed to reinforce
untuk memperkuat fundamental bisnis, meningkatkan efisiensi       business fundamentals, enhance operational efficiency, and
operasional, dan menciptakan nilai jangka panjang bagi            create long-term value for stakeholders. Their formulation
pemangku kepentingan. Perumusan dan implementasinya               and implementation were conducted comprehensively
dilakukan secara komprehensif melalui evaluasi internal,          through internal evaluations, operational data analysis, and
analisis data operasional, serta pengawasan berkelanjutan         continuous oversight by the Board of Directors and the Board
oleh Direksi dan Dewan Komisaris.                                 of Commissioners.


Fokus utama Perseroan tetap pada penguatan seluruh                The Company’s primary focus remained on strengthening all
segmen usaha, yaitu segmen distribusi bahan bangunan dan          business segments, namely the building materials distribution
segmen keramik. Strategi distribusi mencakup optimalisasi         segment and the ceramics segment. The distribution
rantai pasok, penguatan hubungan dengan prinsipal, serta          strategy encompassed the optimization of the supply chain,
pemanfaatan kanal digital dan ritel untuk memperluas              the reinforcement of relationships with principals, and the
jangkauan pasar. Meskipun sebagian besar penjualan tetap          utilization of both digital and retail channels to expand
berpusat di wilayah Jawa, Perseroan menyesuaikan strategi         market reach. Although the majority of sales continued to be
untuk mendorong pertumbuhan di wilayah luar Jawa, di mana         concentrated in Java, the Company adjusted its approach to
kontribusinya meningkat dibandingkan tahun sebelumnya.            stimulate growth in regions outside Java, where contributions
                                                                  increased compared to the previous year.


Di sisi ritel, Perseroan terus mengembangkan jaringan Belanja     In the retail segment, the Company continued to develop
Keramik dengan fokus pada kualitas layanan, konsistensi           the Belanja Keramik network, emphasizing service quality,
standar operasional, dan peningkatan kompetensi sumber daya       consistency of operational standards, and the enhancement
manusia. Hingga akhir 2025, Belanja Keramik mengoperasikan        of human resource competencies. By the end of 2025, Belanja
sejumlah cabang strategis yang mendukung akses pelanggan          Keramik operated several strategically located branches,
sekaligus menjaga pengalaman layanan yang konsisten di            supporting customer access while maintaining a consistent
berbagai wilayah. Aktivitas pemasaran dan promosi dijalankan      service experience across regions. Marketing and promotional
secara terintegrasi, baik melalui kanal digital maupun kegiatan   activities were executed in an integrated manner, leveraging
langsung di area pelanggan, guna memperkuat visibilitas           both digital channels and direct on-site engagement, thereby
merek dan menjaga loyalitas basis pelanggan.                      strengthening brand visibility and fostering customer loyalty.


Sementara itu, melalui Mitraruma, Perseroan menekankan            Meanwhile, through Mitraruma, the Company maintained
penyelesaian rata-rata 12 proyek per bulan sepanjang 2025.        an average of 12 project completions per month throughout
Pendekatan ini mendukung strategi menghadirkan layanan            2025. This approach supports the strategy of providing a one-
one-stop design & build dengan integrasi digital dan offline,     stop design & build service, integrating both digital and offline
memfokuskan pada kualitas produk, standar material yang           processes, with a focus on product quality, consistent material
konsisten, dan pengalaman pelanggan yang menyeluruh dari          standards, and a comprehensive customer experience from
konsultasi hingga penyelesaian proyek. Strategi ini sejalan       consultation to project completion. This strategy aligns with
dengan perubahan preferensi konsumen yang mengutamakan            evolving consumer preferences that prioritize convenience,
kemudahan, kecepatan, dan transparansi dalam layanan.             speed, and transparency in service delivery.


Perseroan juga memperkuat kolaborasi strategis dengan             The Company also reinforced strategic collaborations with
prinsipal dan partner internasional, termasuk penyedia produk     principals and international partners, including SCG product
SCG, untuk memastikan ketersediaan material berkualitas           suppliers, to ensure the availability of high-quality materials
tinggi seperti semen, bata ringan, beton pracetak, keramik, dan   such as cement, lightweight bricks, precast concrete, ceramics,
sanitary ware. Pendekatan ini mendukung efektivitas distribusi,   and sanitary ware. This approach enhances distribution
pemenuhan permintaan pasar, serta kesiapan Perseroan              efficiency, fulfills market demand, and ensures the Company’s
menghadapi dinamika proyek pemerintah maupun swasta.              readiness to respond to both government and private projects.


Secara keseluruhan, strategi Perseroan sepanjang 2025             Overall, the Company’s strategies throughout 2025
merupakan kelanjutan dari arah yang telah diterapkan              represented a continuation of previously established
sebelumnya, dengan fokus pada penguatan kanal distribusi          directions, with a focus on strengthening distribution and


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     dan ritel, pengembangan digital, peningkatan kualitas           retail channels, developing digital capabilities, enhancing
     layanan, serta efisiensi operasional. Pendekatan ini            service quality, and improving operational efficiency. This
     memungkinkan Perseroan tetap adaptif terhadap perubahan         approach enables the Company to remain adaptive to
     pasar, sambil menjaga kesinambungan bisnis dan memastikan       market changes while ensuring business continuity and
     pertumbuhan yang berkelanjutan.                                 sustainable growth.


     Capaian Perseroan: Target dan Realisasi 2025                    Company Achievements: Targets and Realizations in 2025
     Pada tahun 2025, Perseroan menetapkan target penjualan          In 2025, the Company established a sales target of Rp 3.58
     sebesar Rp3,58 triliun dan target laba bersih sebesar Rp27,03   trillion and a net profit target of Rp27.03 billion. These targets
     miliar. Target tersebut disusun dengan mempertimbangkan         were set with careful consideration of market conditions,
     kondisi pasar, strategi segmen usaha, serta tantangan dan       business segment strategies, as well as the challenges and
     peluang di industri distribusi dan ritel bahan bangunan         opportunities within the building materials distribution and
     sepanjang tahun buku 2025.                                      retail industry throughout the fiscal year.


     Realisasi penjualan Perseroan sepanjang tahun 2025              The Company’s sales performance throughout 2025
     menunjukkan tren pertumbuhan yang positif di berbagai           demonstrated a positive growth trend across various
     wilayah. Wilayah Jabodetabek memberikan kontribusi lebih dari   regions. The Greater Jakarta area contributed over 40% of
     40% terhadap nilai penjualan Kokoh Commercial, meningkat        Kokoh Commercial’s sales value, increasing by 6% compared
     sebesar 6% dibandingkan tahun sebelumnya. Wilayah Jawa          to the previous year. West Java and Banten followed, with a
     Barat dan Banten menyusul, dengan kontribusi gabungan lebih     combined contribution of more than 30% to total revenue
     dari 30% terhadap total pendapatan dan pertumbuhan sebesar      and a year-on-year growth of 6%. Meanwhile, regions
     6% secara tahunan. Sementara itu, wilayah di luar Jawa tetap    outside Java maintained solid performance, contributing
     menunjukkan kinerja yang solid dengan kontribusi sebesar        23% to total sales.
     23% terhadap total penjualan.


     Di sisi profitabilitas, Perseroan membukukan rugi bersih        In terms of profitability, the Company recorded a net loss
     sebesar Rp5,3 miliar pada tahun 2025. Meskipun demikian,        of Rp5.3 billion in 2025. Nevertheless, this loss reflected
     rugi tersebut menunjukkan perbaikan dibandingkan tahun          an improvement over the previous year, demonstrating the
     sebelumnya, yang mencerminkan efektivitas pengendalian          effectiveness of cost control, operational efficiency, and
     biaya, efisiensi operasional, dan optimasi proses distribusi.   distribution process optimization. Emphasis on logistics
     Fokus pada manajemen biaya logistik, pemantauan kinerja         cost management, operational performance monitoring, and
     operasional, dan selektivitas aktivitas ritel menjadi faktor    selectivity in retail activities were key factors in alleviating
     utama dalam menurunkan tekanan terhadap profitabilitas.         pressures on profitability.


     Dengan mempertimbangkan keseluruhan pencapaian                  Considering these overall achievements, the Board of
     tersebut, Direksi menilai bahwa kinerja Perseroan sepanjang     Directors assesses that the Company’s performance in 2025
     tahun 2025 mencerminkan upaya konsolidasi dan penguatan         reflects efforts to consolidate and strengthen business
     fundamental usaha di tengah tantangan industri segmen           fundamentals amid the challenges of the building materials
     distributor bahan bangunan. Evaluasi terhadap target dan        distribution segment. The evaluation of targets versus
     realisasi ini menjadi dasar penting bagi Perseroan dalam        realizations provides an essential basis for refining future
     menyempurnakan strategi ke depan, dengan tetap menekankan       strategies, while maintaining a focus on prudence, efficiency,
     prinsip kehati-hatian, efisiensi, dan keberlanjutan.            and sustainability.


     Peranan Direksi dalam Perumusan dan Implementasi                Role of the Board of Directors in the Formulation and
     Strategi Perseroan                                              Implementation of the Company’s Strategies
     Direksi Perseroan memegang peran utama dalam                    The Company’s Board of Directors plays a central role in
     merumuskan strategi dan kebijakan strategis yang selaras        formulating strategic policies aligned with the long-term
     dengan visi jangka panjang dan dinamika pasar. Setiap           vision and market dynamics. Each member of the Board of
     anggota Direksi bertanggung jawab secara kolektif dan           Directors holds both collective and individual responsibility,
     individual sesuai bidang tugasnya untuk memastikan strategi     according to their respective areas of expertise, to ensure
     yang disusun mendukung pencapaian tujuan bisnis yang            that the strategies developed support the achievement of




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berkelanjutan serta memberikan nilai tambah bagi seluruh            sustainable business objectives and deliver added value to
pemangku kepentingan.                                               all stakeholders.


Dalam proses penyusunan strategi tahun 2025, Direksi                In the formulation of the 2025 strategies, the Board
melakukan evaluasi menyeluruh terhadap data operasional,            of Directors conducted a comprehensive evaluation of
tren industri, serta masukan dari divisi terkait, yaitu Sales and   operational data, industry trends, and inputs from relevant
Marketing – Ceramics Business, Sales and Marketing – CBM            divisions, including Sales and Marketing – Ceramics Business,
Business, Active Omni Channel, serta Finance & Administration.      Sales and Marketing – CBM Business, Active Omni Channel,
Setiap anggota Direksi membawa perspektif keahlian sesuai           and Finance & Administration. Each Director contributed
bidangnya dan berkontribusi secara aktif dalam rapat Direksi        specialized expertise and actively participated in regular
rutin. Proses ini diawasi oleh Dewan Komisaris untuk menjamin       Board meetings. This process was overseen by the Board of
transparansi dan akuntabilitas.                                     Commissioners to ensure transparency and accountability.


Untuk memastikan implementasi strategi berjalan sesuai              To ensure the effective implementation of these strategies,
rencana, Direksi menerapkan mekanisme pengawasan yang               the Board of Directors established structured and continuous
terstruktur dan berkelanjutan. Koordinasi erat dengan divisi-       monitoring mechanisms. Close coordination with relevant
divisi terkait dilakukan melalui rapat rutin bulanan, di mana       divisions was maintained through monthly meetings, where
pencapaian target kinerja, tantangan yang dihadapi, serta           performance target achievements, challenges encountered,
peluang pasar dibahas secara detail. Pelaporan berkala dari         and market opportunities were discussed in detail. Periodic
setiap divisi disusun dan dianalisis sebagai dasar evaluasi         reports from each division were prepared and analyzed to
strategi dan pengambilan keputusan untuk penyesuaian                serve as the basis for strategy evaluation and decision-
jika diperlukan. Monitoring ini mencakup aspek keuangan,            making, allowing adjustments where necessary. Monitoring
operasional, pemasaran, serta pengelolaan portofolio                encompassed financial, operational, marketing, as well as
produk dan layanan untuk memastikan penawaran kepada                product and service portfolio management, ensuring that
pelanggan tetap optimal.                                            offerings to customers remained optimal.


Direksi juga melakukan tinjauan kuartalan untuk mengukur            The Board of Directors also conducted quarterly reviews
progres terhadap indikator kinerja utama (KPI) yang telah           to measure progress against established key performance
ditetapkan. Apabila terjadi penyimpangan signifikan                 indicators (KPIs). In the event of significant deviations from
dari target, langkah korektif segera dirumuskan dan                 targets, corrective actions were promptly formulated and
diimplementasikan. Audit internal dan masukan pelanggan             implemented. Internal audits and customer feedback were
juga menjadi bahan evaluasi dalam upaya peningkatan kualitas        also incorporated as key inputs to continuously enhance
layanan dan pengalaman pelanggan secara berkelanjutan.              service quality and customer experience. This entire process
Seluruh proses ini didukung oleh sistem informasi manajemen         was supported by a transparent and accountable management
yang transparan dan akuntabel, sehingga setiap inisiatif            information system, enabling the optimal execution of strategic
strategis dapat dieksekusi secara optimal guna mendukung            initiatives in support of the Company’s sustainable growth.
pertumbuhan Perseroan yang berkelanjutan.


Menavigasi Dinamika Industri: Kendala dan Respons                   Navigating Industry Dynamics: Challenges and Strategic
Strategis 2025                                                      Responses in 2025
Sebagai perusahaan yang bergerak di bidang distribusi bahan         As a company operating in the building materials distribution
bangunan, Perseroan memahami bahwa keberlangsungan                  sector, the Company recognizes that the sustainability of
permintaan pasar sangat erat kaitannya dengan pola konsumsi         market demand is closely linked to household consumption
rumah tangga di Indonesia. Data Badan Pusat Statistik (BPS)         patterns in Indonesia. Data from the Central Statistics
menunjukkan bahwa pada tahun 2025, konsumsi rumah                   Agency (BPS) indicate that in 2025, household consumption
tangga tetap menjadi komponen terbesar dalam struktur               remained the largest component of the national economic
perekonomian nasional dengan kontribusi sekitar 53,88%              structure, contributing approximately 53.88% to Gross
terhadap Produk Domestik Bruto (PDB). Pada periode yang             Domestic Product (GDP). During the same period, household
sama, konsumsi rumah tangga tumbuh sekitar 4,98% secara             consumption grew by around 4.98% year-on-year, reflecting
tahunan, mencerminkan bahwa aktivitas belanja masyarakat            that consumer spending activity remained sustained despite
tetap terjaga meskipun berada pada tingkat pertumbuhan              moderate growth rates.
yang relatif moderat.


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     Kondisi tersebut menuntut Perseroan untuk menjalankan               This environment necessitated that the Company implement
     strategi yang adaptif di tengah persaingan industri                 adaptive strategies amid increasingly intense competition
     distribusi bahan bangunan yang semakin ketat, termasuk              in the building materials distribution industry, including
     dari produk impor dengan harga kompetitif serta perubahan           competition from competitively priced imported products
     preferensi pelanggan. Pergeseran perilaku belanja ke kanal          and evolving customer preferences. The shift of purchasing
     digital turut mendorong Perseroan untuk menyesuaikan                behavior towards digital channels also encouraged the
     pendekatan pemasaran dan layanan agar tetap relevan                 Company to adjust its marketing and service approaches to
     dengan kebutuhan pasar.                                             remain aligned with market needs.


     Dari sisi internal, pengembangan jaringan ritel dan kanal           Internally, the development of retail networks and digital
     digital membawa tantangan dalam menjaga efisiensi distribusi,       channels posed challenges in maintaining distribution
     konsistensi layanan, serta keandalan sistem teknologi               efficiency, service consistency, and reliability of information
     informasi. Perseroan juga terus mendorong kesiapan sumber           technology systems. The Company continued to enhance
     daya manusia agar mampu beradaptasi dengan proses kerja             human resource readiness to adapt to increasingly digital-
     yang semakin berbasis digital.                                      based workflows.


     Sebagai respons, Perseroan memperkuat hubungan dengan               In response, the Company strengthened relationships with
     para prinsipal, mengelola portofolio produk secara selektif,        principals, managed the product portfolio selectively, and
     serta menjalankan program promosi yang terintegrasi antara          executed integrated promotional programs across both online
     kanal daring dan luring. Efisiensi operasional terus ditingkatkan   and offline channels. Operational efficiency was continuously
     melalui pemanfaatan teknologi informasi, pengendalian               enhanced through the strategic use of information technology,
     biaya distribusi secara prudent, serta penguatan kompetensi         prudent control of distribution costs, and the strengthening of
     karyawan melalui pelatihan berkelanjutan.                           employee competencies through ongoing training initiatives.


     Seiring meningkatnya aktivitas digital, Perseroan juga              As digital activity increased, the Company also reinforced
     memperkuat tata kelola teknologi informasi dan sistem               IT governance and data security systems to safeguard
     keamanan data guna melindungi privasi pelanggan dan menjaga         customer privacy and ensure operational reliability. Through
     keandalan operasional. Dengan pendekatan tersebut, Perseroan        this approach, the Company remains confident in its ability to
     optimis dapat menjaga stabilitas kinerja, memperkuat posisi         maintain performance stability, strengthen its position as a
     sebagai distributor bahan bangunan yang andal, serta                reliable building materials distributor, and create sustainable
     menciptakan peluang pertumbuhan yang berkelanjutan.                 growth opportunities.


     Komitmen Perseroan terhadap Tata Kelola Perusahaan                  The Company’s Commitment to Corporate Governance
     Sejalan dengan komitmen Siam Cement Group (SCG) dalam               In line with the Siam Cement Group (SCG)’s commitment to
     menjalankan bisnis yang bertanggung jawab, Perseroan secara         responsible business practices, the Company consistently
     konsisten menerapkan prinsip Tata Kelola Perusahaan yang            implements the principles of Good Corporate Governance
     Baik sebagai landasan dalam pengelolaan usaha. Empat nilai          (GCG) as the foundation for its business management. SCG’s
     utama SCG, yaitu kepatuhan terhadap keadilan, dedikasi pada         four core values—adherence to fairness, dedication to
     keunggulan, keyakinan pada nilai individu, dan kepedulian pada      excellence, belief in the value of the individual, and concern for
     tanggung jawab sosial, menjadi pedoman dalam pengambilan            social responsibility—serve as guiding principles in decision-
     keputusan serta pelaksanaan kegiatan operasional Perseroan.         making and operational activities throughout the Company.


     Penerapan nilai-nilai tersebut dijalankan secara konsisten          The implementation of these values is consistently applied
     di seluruh jajaran Perseroan, mulai dari Direksi, manajemen,        across all levels of the Company, from the Board of Directors
     hingga karyawan, melalui sosialisasi pedoman, pelatihan, dan        and management to employees, through continuous
     forum internal secara berkelanjutan. Upaya ini bertujuan untuk      dissemination of guidelines, training, and internal forums.
     memperkuat budaya kepatuhan, integritas, dan transparansi           These efforts aim to strengthen a culture of compliance,
     dalam setiap proses bisnis.                                         integrity, and transparency in every business process.


     Perseroan terus memperkuat sistem pengendalian internal             The Company continuously reinforces its internal control
     dan mekanisme pengawasan melalui monitoring kinerja yang            systems and oversight mechanisms through structured
     terstruktur, pelaporan manajemen secara berkala, serta              performance monitoring, periodic management reporting,


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evaluasi atas kepatuhan terhadap peraturan perundang-              and evaluation of compliance with prevailing laws and
undangan, standar operasional, dan pedoman etika yang              regulations, operational standards, and ethical guidelines.
berlaku. Langkah ini dilakukan untuk memastikan efektivitas        These measures are designed to ensure effective business
pengelolaan usaha dan kualitas pengambilan keputusan.              management and high-quality decision-making.


Seiring dengan pengembangan kanal digital, Perseroan juga          With the ongoing development of digital channels, the
mengoptimalkan penerapan tata kelola teknologi informasi           Company also optimizes the application of IT governance to
guna mendukung operasional yang andal dan aman. Penguatan          support reliable and secure operations. Strengthened data
sistem keamanan data, audit internal, serta pemantauan             security systems, internal audits, and continuous monitoring
berkelanjutan diterapkan untuk melindungi informasi sensitif       are implemented to safeguard sensitive information and
dan menjaga keandalan sistem operasional Perseroan.                ensure the operational reliability of the Company’s systems.


Untuk meningkatkan kualitas penerapan GCG ke depan,                To further enhance GCG implementation in the future, the
Perseroan mengidentifikasi area-area yang masih dapat              Company has identified areas for improvement, including
diperkuat, antara lain peningkatan pemahaman karyawan              increasing employee understanding of governance principles,
terhadap prinsip tata kelola, integrasi sistem pelaporan dan       integrating digital-based reporting and monitoring systems,
monitoring berbasis digital, serta penyempurnaan mekanisme         and refining risk evaluation mechanisms. These initiatives
evaluasi risiko. Upaya ini merupakan bagian dari proses            form part of a continuous improvement process aimed at
perbaikan berkelanjutan guna mendukung pertumbuhan                 supporting sustainable and healthy business growth.
usaha yang sehat dan berkelanjutan.


Dengan penerapan tata kelola perusahaan yang konsisten,            Through the consistent application of corporate governance
Perseroan berkomitmen untuk menjaga transparansi, akuntabilitas,   principles, the Company is committed to maintaining
dan integritas, sekaligus melindungi kepentingan seluruh           transparency, accountability, and integrity, while safeguarding
pemangku kepentingan dan menciptakan nilai jangka panjang.         the interests of all stakeholders and creating long-term value.


Keberlanjutan Sebagai Nilai Strategis Perseroan                    Sustainability as a Strategic Value of the Company
[OJK D.1] [OJK D.2] [OJK D.3]                                      [OJK D.1] [OJK D.2] [OJK D.3]
Direksi menegaskan tanggung jawabnya dalam menjalankan             The Board of Directors reaffirms its responsibility to conduct
kegiatan usaha secara berkelanjutan dengan menyeimbangkan          business sustainably by balancing economic, social, and
aspek ekonomi, sosial, dan lingkungan hidup. Keberlanjutan         environmental considerations. For the Company, sustainability
bagi Perseroan bukan sekadar pemenuhan kewajiban regulasi,         is not merely a matter of regulatory compliance, but a strategic
tetapi merupakan nilai strategis yang terintegrasi ke seluruh      value integrated across all operations, providing long-term
operasional, sekaligus memberikan manfaat jangka panjang           benefits to the Company, its customers, communities, and
bagi perusahaan, pelanggan, masyarakat, dan pemangku               stakeholders. The Company ensures that all sustainability
kepentingan. Perseroan memastikan bahwa seluruh strategi           strategies and initiatives are implemented consistently and
dan inisiatif keberlanjutan dijalankan secara konsisten dan        responsibly, with adequate resource allocation and active
bertanggung jawab, dengan alokasi sumber daya yang                 oversight by the Board of Directors.
memadai serta keterlibatan aktif Direksi dalam pengawasan
dan evaluasi kinerja.


Sepanjang tahun 2025, Perseroan berhasil melaksanakan              Throughout 2025, the Company successfully executed
berbagai inisiatif keberlanjutan yang mencakup tiga dimensi        various sustainability initiatives across three main dimensions:
utama: aspek ekonomi, sosial, dan lingkungan hidup. Pada sisi      economic, social, and environmental. On the economic front,
ekonomi, Perseroan mengoptimalkan operasional distribusi dan       the Company optimized distribution operations and Belanja
Toko Belanja Keramik, termasuk efisiensi penggunaan energi         Keramik stores, including energy efficiency measures such
operasional seperti listrik dan BBM, manajemen inventori,          as electricity and fuel usage, inventory management, and
serta proses distribusi, yang mendukung keberlanjutan              distribution processes, supporting business sustainability and
usaha dan daya saing. Di sisi sosial, program pelatihan dan        competitiveness. In terms of social responsibility, continuous
pengembangan kompetensi karyawan dilaksanakan secara               employee training and competency development programs
berkelanjutan untuk meningkatkan kesiapan organisasi dalam         were implemented to enhance organizational readiness in
menerapkan praktik bisnis yang bertanggung jawab, sementara        applying responsible business practices, while the “Sharing


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     program beasiswa “Sharing the Dream” memberikan manfaat             the Dream” scholarship program provided educational
     pendidikan bagi ratusan siswa dan mahasiswa. Perseroan              benefits to hundreds of students. The Company also ensured
     juga memastikan kepatuhan terhadap seluruh regulasi                 compliance with labor regulations and implemented fair
     ketenagakerjaan dan menerapkan kebijakan remunerasi yang            and equitable remuneration policies across all operational
     adil serta setara di seluruh lokasi operasional. Dari perspektif    sites. From an environmental perspective, energy-efficient
     lingkungan, Perseroan menerapkan lampu LED hemat energi,            LED lighting, optimized air circulation, efficient water usage,
     optimalisasi sirkulasi udara, penggunaan air secara efisien,        reduction of single-use plastic bags, utilization of eco-friendly
     pengurangan kantong plastik sekali pakai, pemanfaatan               materials, and management of solid and liquid waste through
     material ramah lingkungan, serta pengelolaan limbah padat           recycling mechanisms in collaboration with authorized third
     dan cair melalui mekanisme daur ulang bekerja sama dengan           parties were implemented.
     pihak ketiga resmi.


     Selain itu, Perseroan memperluas inovasi keberlanjutan              Furthermore, the Company expanded sustainability
     melalui kemitraan strategis internasional. Pada Desember            innovation through strategic international partnerships. In
     2025, Perseroan menandatangani Nota Kesepahaman (MoU)               December 2025, the Company signed a Memorandum of
     dengan Hokkaido Poracon Co., Ltd. untuk pengembangan                Understanding (MoU) with Hokkaido Poracon Co., Ltd. for the
     dan pemasaran teknologi beton berpori (porous concrete) di          development and marketing of porous concrete technology in
     Indonesia. Teknologi ini dirancang untuk meningkatkan daya          Indonesia. This technology is designed to enhance rainwater
     resap air hujan dan mengurangi risiko banjir di perkotaan,          absorption and mitigate urban flooding risks while supporting
     sekaligus mendukung konservasi air tanah. Inisiatif ini juga        groundwater conservation. The initiative also included pilot
     mencakup proyek percontohan di beberapa kota besar untuk            projects in several major cities to develop water infiltration
     mengembangkan area resapan air dan memberikan konsultasi            areas and provide consultation on stormwater management,
     pengendalian aliran air hujan, memanfaatkan pengalaman              leveraging the Company’s and its international partner’s
     Perseroan dan mitra internasional dalam pembangunan                 experience in sustainable infrastructure development.
     infrastruktur berkelanjutan. Langkah ini menunjukkan                This initiative demonstrates the Company’s ability to seize
     kemampuan Perseroan dalam memanfaatkan peluang strategis            strategic opportunities aligned with sustainability objectives,
     yang sejalan dengan tujuan keberlanjutan dan memberikan             generating tangible positive impacts for both the environment
     dampak positif nyata bagi lingkungan dan masyarakat.                and society.


     Perseroan menyadari bahwa integrasi prinsip Lingkungan,             The Company recognizes that integrating Environmental,
     Sosial, dan Tata Kelola (LST) ke dalam operasional sehari-          Social, and Governance (ESG) principles into daily operations
     hari masih menghadirkan tantangan. Tingkat pemahaman                remains challenging. Awareness and understanding across
     dan kesadaran di berbagai lapisan organisasi perlu terus            organizational layers need continuous improvement to
     ditingkatkan agar strategi keberlanjutan dapat dijalankan           ensure effective implementation of sustainability strategies.
     secara lebih efektif. Selain itu, ketiadaan panduan teknis          Moreover, the absence of formally documented operational
     operasional yang terdokumentasi secara formal menjadi               technical guidelines remains a focus to provide clear
     fokus perhatian agar seluruh karyawan memiliki acuan jelas          references for all employees in applying ESG principles.
     dalam mengimplementasikan prinsip LST. Di sisi eksternal,           Externally, the Company faces volatility in operational energy
     Perseroan menghadapi volatilitas biaya energi operasional           costs and market dynamics, requiring ongoing operational
     dan dinamika pasar, yang menuntut penyesuaian operasional           adjustments. These challenges are managed through the
     secara berkelanjutan. Tantangan-tantangan ini dikelola melalui      strengthening of a comprehensive and integrated risk
     penguatan sistem manajemen risiko yang komprehensif                 management system, operational process improvements,
     dan terintegrasi, perbaikan proses operasional, peningkatan         resource efficiency enhancement, and periodic monitoring
     efisiensi sumber daya, serta pemantauan dan evaluasi program        and evaluation of sustainability programs.
     keberlanjutan secara berkala.


     Pengelolaan risiko Perseroan mencakup seluruh dimensi               The Company’s risk management encompasses all relevant
     yang relevan, mulai dari ekonomi, sosial, lingkungan, hingga        dimensions, including economic, social, environmental, and
     tata kelola. Prosesnya meliputi identifikasi, analisis, mitigasi,   governance factors. The process involves identification,
     evaluasi, pemantauan, dan pelaporan atas eksposur yang              analysis, mitigation, evaluation, monitoring, and reporting
     dapat memengaruhi operasional, reputasi, maupun pencapaian          of exposures that may affect operations, reputation, or
     tujuan perusahaan. Komite Audit mendukung pengawasan                achievement of corporate objectives. The Audit Committee


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ini dengan menilai efektivitas sistem manajemen risiko dan         supports this oversight by assessing the effectiveness of the
melaporkan hasilnya kepada Dewan Komisaris sebagai                 risk management system and reporting findings to the Board
pertimbangan dalam evaluasi kinerja Direksi. Strategi              of Commissioners as a basis for evaluating the performance
pencapaian target keberlanjutan juga didukung pemanfaatan          of the Board of Directors. Sustainability target achievement
peluang usaha melalui inovasi dan kemitraan strategis,             strategies are further reinforced through the exploitation
serta penyesuaian terhadap situasi eksternal yang dapat            of business opportunities via innovation and strategic
memengaruhi keberlanjutan, termasuk dinamika pasar dan             partnerships, as well as adaptation to external factors that
kondisi ekonomi, sosial, dan lingkungan yang relevan dengan        may influence sustainability, including market dynamics and
operasional Perseroan.                                             relevant economic, social, and environmental conditions.


Dengan pendekatan yang terstruktur dan terintegrasi ini,           Through this structured and integrated approach, the Board
Direksi optimis bahwa Perseroan dapat mempertahankan dan           of Directors is confident that the Company can consistently
meningkatkan kinerja Keuangan Berkelanjutan secara konsisten,      maintain and enhance Sustainable Financial Performance,
memperkuat reputasi, serta menegaskan keunggulan kompetitif        strengthen its reputation, and reinforce its competitive
di pasar distribusi bahan bangunan, sekaligus memberikan           advantage in the building materials distribution market, while
manfaat nyata bagi seluruh pemangku kepentingan.                   delivering tangible benefits to all stakeholders.


Perubahan Susunan Direksi                                          Changes in the Composition of the Board of Directors
Berdasarkan RUPS Tahunan yang diselenggarakan tanggal              Based on the Annual GMS held on June 20, 2025, the
20 Juni 2025, komposisi Direksi Perseroan mengalami                composition of the Company’s Board of Directors underwent
perubahan yang dapat dilihat melalui tabel perbandingan            changes, which are presented in the following comparative
sebelum dan sesudah RUPS Tahunan berikut ini:                      table showing the structure before and after the AGMS:

                     Jabatan                        Sebelum RUPST 20 Juni 2025                Sesudah RUPST 20 Juni 2025
                     Position                        Before AGMS June 20, 2025                  After AGMS June 20, 2025

 Direktur Utama/President Director               Warit Jintanawan                         Thichet Srisuriyon

 Wakil Direktur Utama/Vice President Director    Thichet Srisuriyon                       Surawit Rattanawaree

 Wakil Direktur Utama/Vice President Director    Nipan Boonbandarn                        Pavaret Lila

 Direktur/Director                               Saran Kaitiwong                          Saran Kaitiwong

 Direktur/Director                               Kittikun Thongdejsri                     Kittikun Thongdejsri

 Direktur/Director                               Sataporn Na Songkhla                     -

 Direktur/Director                               Pattaraphon Charttongkum                 Pattaraphon Charttongkum

 Direktur Independen/Independent Director        Y. Agung Kuncoro Hadi                    Y. Agung Kuncoro Hadi




Menatap Peluang: Strategi Pertumbuhan Perseroan di 2026            Looking Ahead: The Company’s Growth Strategy in 2026
Pertumbuhan ekonomi Indonesia pada 2026 diproyeksikan              Indonesia’s economic growth in 2026 is projected to
menguat, ditopang oleh kinerja sektor jasa dan infrastruktur.      strengthen, supported by the performance of the services
Berdasarkan proyeksi Bank Indonesia, sektor Transportasi           and infrastructure sectors. According to Bank Indonesia’s
dan Pergudangan diperkirakan tumbuh paling tinggi,                 projections, the Transportation and Warehousing sector is
mencapai 10,8%—11,6% YoY, diikuti sektor Informasi dan             expected to achieve the highest growth, ranging between
Komunikasi yang tumbuh 8,0%—8,8%. Sektor Konstruksi                10.8% - 11.6% year-on-year, followed by the Information
juga diproyeksikan meningkat signifikan pada kisaran 7,5%—         and Communication sector, growing at 8.0%–8.8%.
8,3%, sejalan dengan akselerasi pembangunan infrastruktur,         The Construction sector is also projected to increase
perumahan, dan fasilitas publik. Pola pertumbuhan ini              significantly, with growth estimated at 7.5%–8.3%, in
menunjukkan pergeseran ekonomi menuju sektor-sektor yang           line with the acceleration of infrastructure, housing, and
mendorong permintaan domestik sekaligus meningkatkan               public facility development. This growth pattern reflects a
konektivitas dan kapasitas layanan.                                structural shift towards sectors that drive domestic demand
                                                                   while enhancing connectivity and service capacity.

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     Momentum industri konstruksi Indonesia diperkuat oleh             The momentum of Indonesia’s construction industry is
     proyek-proyek prioritas pemerintah, termasuk pembangunan          further reinforced by government priority projects, including
     Ibu Kota Nusantara, transportasi, energi, jalan tol, serta        the development of the Nusantara Capital, transportation,
     fasilitas publik seperti Sistem Penyediaan Air Minum (SPAM)       energy, toll roads, and public facilities such as the Drinking
     dan perumahan Aparatur Sipil Negara (ASN). Asosiasi               Water Supply System (SPAM) and civil servant housing. The
     Kontraktor Indonesia (AKI) menekankan bahwa dukungan              Indonesian Contractors Association (AKI) emphasizes that
     anggaran pemerintah, implementasi teknologi Building              government budget support, the implementation of Building
     Information Modeling (BIM), dan standar pembangunan hijau         Information Modeling (BIM) technology, and green building
     seperti Greenship dan Net Zero menjadi faktor utama yang          standards such as Greenship and Net Zero are key factors
     membuka peluang bagi pelaku usaha konstruksi. Di sisi lain,       creating opportunities for construction industry players.
     volatilitas harga material, fluktuasi nilai tukar, dan kesiapan   Conversely, volatility in material prices, exchange rate
     tenaga kerja bersertifikasi menjadi tantangan yang perlu          fluctuations, and the availability of certified workforce remain
     diperhatikan. Kombinasi pertumbuhan ekonomi, dukungan             challenges to be managed. The combination of economic
     proyek prioritas, dan adopsi teknologi menegaskan bahwa           growth, government project support, and technology adoption
     sektor konstruksi tetap menjadi motor penggerak peluang           underscores that the construction sector will remain a driving
     usaha pada 2026.                                                  force for business opportunities in 2026.


     Seiring dengan momentum proyek pemerintah, sektor                 Alongside government project momentum, the private sector
     swasta diperkirakan tetap menjadi sumber peluang                  is expected to continue providing potential opportunities for
     potensial bagi Perseroan pada 2026, terutama seiring              the Company in 2026, particularly with projected growth in
     dengan proyeksi pertumbuhan pembangunan perumahan,                housing, public facilities, and industrial areas. The majority
     fasilitas publik, dan kawasan industri. Sebagian besar            of the Company’s sales will continue to come from the
     penjualan Perseroan tetap berasal dari segmen distributor,        distributor segment, which serves as the primary channel
     yang menjadi kanal utama dalam menjangkau pasar.                  to reach the market. Meanwhile, retail networks such as
     Sementara itu, jaringan ritel seperti Toko Belanja Keramik        Belanja Keramik stores and Mitraruma provide additional
     dan Mitraruma memberikan dukungan tambahan dengan                 support by enhancing customer access and sales potential
     meningkatkan akses pelanggan dan potensi pertumbuhan              for building materials through the integration of offline and
     penjualan produk material bangunan melalui integrasi kanal        online channels.
     offline dan online.


     Meskipun prospek usaha menjanjikan, Perseroan tetap               Despite promising business prospects, the Company will
     menghadapi sejumlah tantangan, seperti persaingan di pasar        continue to face challenges such as competition in the
     bahan bangunan, fluktuasi harga material, dan perubahan           building materials market, material price fluctuations,
     permintaan konsumen. Untuk itu, strategi efisiensi                and changing consumer demand. Operational efficiency
     operasional, penguatan kemitraan dengan pemasok, serta            strategies, strengthened supplier partnerships, and
     peningkatan kapasitas tenaga kerja menjadi kunci menjaga          enhanced workforce capacity remain key to maintaining
     stabilitas pasokan dan daya saing.                                supply stability and competitiveness.


     Dengan dukungan pertumbuhan ekonomi, proyek prioritas             Supported by economic growth, government priority
     pemerintah, dan tren penguatan konsumsi domestik,                 projects, and strengthening domestic consumption trends,
     Direksi optimistis bahwa Perseroan dapat mempertahankan           the Board of Directors is optimistic that the Company can
     momentum pertumbuhan di 2026. Kondisi ini menjadi                 maintain growth momentum in 2026. This environment
     peluang untuk memperluas pangsa pasar, meningkatkan               presents opportunities to expand market share, enhance
     kinerja penjualan, serta menjaga kesinambungan bisnis             sales performance, and ensure business continuity
     dan daya saing perusahaan di tengah dinamika pasar                and competitiveness amid the dynamics of Indonesia’s
     konstruksi nasional.                                              construction market.




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Penutup                                                          Closing Remarks
Sebagai penutup, Direksi Perseroan ingin menyampaikan            In conclusion, the Board of Directors wishes to express its
apresiasi yang setinggi-tingginya kepada Dewan Komisaris         highest appreciation to the Board of Commissioners for their
atas dukungan, arahan, dan kontribusi yang berharga              invaluable support, guidance, and contributions throughout
sepanjang tahun 2025. Sinergi yang terjalin dengan baik          2025. The strong synergy established between both boards
ini menjadi fondasi penting bagi pencapaian tujuan jangka        has provided an essential foundation for achieving the
panjang Perseroan.                                               Company’s long-term objectives.


Kami juga mengucapkan terima kasih kepada seluruh                We also extend our gratitude to all stakeholders, including
pemangku kepentingan, termasuk pemegang saham, mitra             shareholders, business partners, and customers, for their
bisnis, dan pelanggan, atas kepercayaan dan dukungan yang        continued trust and support. The Company’s achievements
terus diberikan. Pencapaian Perseroan selama tahun 2025          in 2025 would not have been possible without the hard work,
juga tidak lepas dari kerja keras, dedikasi, dan komitmen        dedication, and commitment of all personnel in delivering
seluruh insan Perseroan dalam menghadirkan layanan               high-quality services, innovation, and sustainable business
berkualitas, inovasi, dan praktik bisnis yang berkelanjutan.     practices.


Memasuki tahun 2026 dan seterusnya, Perseroan                    As we enter 2026 and beyond, the Company remains
berkomitmen untuk terus mengoptimalkan potensi yang              committed to optimizing existing potential, responding to
ada, merespons dinamika pasar, dan memenuhi kebutuhan            market dynamics, and better meeting customer needs. With
pelanggan dengan lebih baik. Dengan semangat inovasi,            a spirit of innovation, sustainability, and integrity, the Board
keberlanjutan, dan integritas, Direksi yakin Perseroan akan      of Directors is confident that the Company will continue to
terus berkembang dan memberikan kontribusi positif bagi          grow and contribute positively to society, the environment,
masyarakat, lingkungan, dan seluruh pemangku kepentingan.        and all stakeholders.




                                                    Jakarta, April 2026
                                                     Atas nama Direksi,
                                             On behalf of the Board of Directors,




                                                   Thichet Srisuriyon
                                                      Direktur Utama
                                                     President Director




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     03
     Profil
     Perusahaan
     Company Profile



     Sejalan dengan visi Perseroan, Perseroan berkomitmen
     untuk menjadi perusahaan yang tumbuh secara
     berkelanjutan dalam mendistribusikan produk-produk
     bahan bangunan berkualitas tinggi.
     Aligns with the Company’s vision, the Company is committed to
     become a leading enterprise in Indonesia, growing sustainable while
     distributing high quality building materials products.




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                              PROFIL PERUSAHAAN
                              Company Profile




     Informasi Umum Perusahaan
     General Information of the Company
     [OJK. C.2]


                  Nama Perusahaan                                 Tanggal Pendirian                              Kode Saham
                  Company Name                                    Date of Establishment                          Ticker Code

                  PT Kokoh Inti Arebama Tbk                       6 Juli 2001/July 6, 2001                       KOIN


                  Dasar Hukum Pendirian                                                                          Jumlah SDM
                  Legal Basis of Establishment                                                                   per 31 Desember 2025
                                                                                                                 Number of Employees as
                  Akta Notaris Fitricia Arisusanti, S.H., C.N., No. 27 tanggal 6 Juli 2001, sebagai              of December 31, 2025
                  notaris pengganti Dr. Irawan Soerodjo, S.H., M.Si. dan telah disahkan oleh Menteri
                  Kehakiman dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan
                  No. C-03717 HT.01.01.TH.2001 tanggal 25 Juli 2001, dan telah diumumkan di Berita
                                                                                                                 329
                                                                                                                 orang/people
                  Negara Republik Indonesia No. 86 tanggal 26 Oktober 2001, Tambahan No. 6683.
                  Notarial Deed of Fitricia Arisusanti, S.H., C.N., No. 27 dated July 6, 2001, as the Acting
                  Notary of Dr. Irawan Soerodjo, S.H., M.Si. The deed was approved by Minister of
                  Justice and Human Rights of the Republic of Indonesia under his Decree No.C-03717
                  HT.01.01.TH.2001 dated July 25, 2001, and published in State Gazette of the Republic
                  of Indonesia No. 86 dated October 26, 2001, Supplement No. 6683.



                  Komposisi Pemegang Saham
                  per 31 Desember 2025
                  Shareholder Composition as of
                  December 31, 2025


                  SCG Distribution Co., Ltd.                                                                            Masyarakat/Public


                  90.62%                                                                                                 9.38%




                       Alamat Kantor Pusat
                       Head Office Address
                       Graha Mobisel, Lantai 3/ 3rd Floor
                       Jl. Buncit Raya No. 139, Kalibata, Pancoran, Jakarta Selatan/South Jakarta-12740


                       Nomor Telepon                         Alamat E-mail                             Situs Web
                       Phone Number                          E-mail Address                            Website
                       (021) 797 1190                        Hubungan Investor:                        www.pt-kokoh.com
                                                             Investor Relations:
                       (021) 797 1153
                                                             corsec@pt-kokoh.com
                       Faksimile                             Info Produk dan Penjualan:
                       Fax                                   Product and Sales Information:
                       (021) 797 1090                        mkt@kiaceramics.com



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                                                              Dengan rekam jejak panjang di industri
                                                              distribusi bahan bangunan, PT Kokoh Inti
                                                              Arebama Tbk (Perseroan) terus memperkuat
                                                              komitmennya menyediakan produk unggulan
                                                              bagi kebutuhan konstruksi dan renovasi
                                                              masyarakat Indonesia.
                                                              With a long-standing track record in the building
                                                              materials distribution industry, PT Kokoh Inti
                                                              Arebama Tbk (the Company) continues to reinforce
                                                              its commitment to delivering high-quality products
                                                              that meet the construction and renovation needs of
                                                              the Indonesian public.




Skala Usaha
Business Scale
[OJK. C.3]



            Skala Usaha
                                      2025                             2024                                 2023
           Business Scale

 Aset
                                    868,111 Juta | Million         905,659 Juta | Million             1,012,448 Juta | Million
 Assets

 Liabilitas
                                    957,919 Juta | Million          991,798 Juta | Million            1,061,620 Juta | Million
 Liabilities

 Ekuitas
                                   (89,808 Juta | Million)          (86,139 Juta | Million)             (49,172 Juta | Million)
 Equity

 Jumlah Karyawan
                                       329 orang/people                350 orang/people                     375 orang/people
 Number of Employees

                            Informasi lebih rinci telah diuraikan pada Bab Profil Perusahaan subbab Demografi Karyawan.
 Demografi Karyawan
                                        More detailed information is provided in the Company Profile chapter,
 Employee Demographics
                                                     under the Employee Demographics subchapter.

 Jumlah Gudang
                                                        3                                3                                   3
 Number of Warehouse

 Jumlah Kantor Cabang
                                                         -                                1                                   -
 Number of Branch Office

 Komposisi                               Informasi lebih rinci telah diuraikan pada Bab Profil Perusahaan
 Kepemilikan Saham                                     subbab Informasi Pemegang Saham.
 Shareholder Composition               More detailed information is provided in the Company Profile chapter,
                                                  under the Shareholder Information subchapter.

 Wilayah Operasional        Informasi lebih rinci telah diuraikan pada Bab Profil Perusahaan subbab Wilayah Operasional.
 Operational Areas                      More detailed information is provided in the Company Profile chapter,
                                                         under the Operating Areas subchapter.



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                             PROFIL PERUSAHAAN
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     Jejak Langkah
     Milestones


     2004                                                            2020
     Perjalanan usaha dimulai sebagai distributor tunggal            Perseroan meluncurkan Mitraruma, online marketplace yang
     produk dari PT Keramika Indonesia Assosiasi Tbk, PT KIA         menghadirkan solusi renovasi rumah dan hunian. Kehadiran
     Serpih Mas, dan PT KIA Keramik Mas, yang menjadi fondasi        platform ini menandai transformasi digital Perseroan dalam
     pertumbuhan berkelanjutan hingga saat ini.                      menjawab kebutuhan masyarakat modern.
     The Company’s business journey began as the sole distributor    The Company launched Mitraruma, an online marketplace
     of products from PT Keramika Indonesia Assosiasi Tbk,           providing home and residential renovation solutions. This
     PT KIA Serpih Mas, and PT KIA Keramik Mas, forming the          platform marked the Company’s digital transformation in
     foundation for its sustainable growth to this day.              addressing the needs of modern consumers.




     2008                                                            2023
     Saham Perseroan mulai diperdagangkan di Bursa Efek              Langkah awal ekspansi fisik Mitraruma dimulai pada 6
     Indonesia pada 9 April 2008.                                    Juni 2023 melalui peresmian showroom offline pertama di
     The Company’s shares began trading on the Indonesia             Alam Sutera, Tangerang Selatan. Momentum ini menjadi
     Stock Exchange on April 9, 2008.                                fondasi pengembangan jaringan layanan yang lebih dekat
                                                                     dengan konsumen.
                                                                     Mitraruma’s physical expansion began on June 6, 2023,

     2011                                                            with the inauguration of its first offline showroom in Alam
                                                                     Sutera, South Tangerang. This milestone laid the foundation
                                                                     for developing a service network closer to consumers.
     SCG Distribution Co., Ltd., salah satu entitas anak Siam
     Cement Group (SCG), yang berpusat di Bangkok, Thailand,
     mengakuisisi Perseroan.
     SCG Distribution Co., Ltd., a subsidiary of Siam Cement
                                                                     2024
     Group (SCG), headquartered in Bangkok, Thailand,
     acquired the Company.                                           Perseroan memperkuat ekspansi Mitraruma dengan
                                                                     membuka showroom offline kedua di The Dharmawangsa
                                                                     Square, Jakarta Selatan pada 8 Mei 2024.

     2017                                                            The Company further strengthened Mitraruma’s expansion
                                                                     by opening a second offline showroom at The Dharmawangsa
                                                                     Square, South Jakarta, on May 8, 2024
     Ekspansi usaha Perseroan berlanjut dengan pembukaan gerai
     Belanja Keramik pertama di Cileungsi, Jawa Barat, sebagai
     wujud diversifikasi layanan distribusi bahan bangunan.
     The Company’s business expansion continued with the
                                                                     2025
     opening of its first Belanja Keramik outlet in Cileungsi,
     West Java, marking a diversification of its building material   Melalui anak perusahaannya, PT Kokoh Inti Arebama Tbk
     distribution services.                                          (Perseroan) menyelenggarakan SCG Top 100 Awards pada
                                                                     20 Juli 2025 di Hotel Shangri-La, Jakarta, untuk memberikan
                                                                     apresiasi kepada 100 mitra bisnis terbaik atas kontribusi
                                                                     penjualan Semen SCG dan SCG Mortar.
                                                                     Through its subsidiary, PT Kokoh Inti Arebama Tbk (the
                                                                     Company) hosted the SCG Top 100 Awards on July 20, 2025,
                                                                     at the Shangri-La Hotel in Jakarta, to recognize its 100 top
                                                                     business partners for their contributions to the sales of SCG
                                                                     Cement and SCG Mortar.




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Riwayat Singkat Perusahaan
Company at a Glance




     PT Kokoh Inti Arebama Tbk (“Perseroan”) didirikan pada 6 Juli 2001 berdasarkan Akta
     Notaris Fitricia Arisusanti, S.H., C.N., No. 27, yang disetujui oleh Menteri Kehakiman
     dan Hak Asasi Manusia Republik Indonesia pada 25 Juli 2001. Awalnya, Perseroan
     beroperasi sebagai distributor tunggal produk dari PT Keramika Indonesia Assosiasi
                        Tbk, PT KIA Serpih Mas, dan PT KIA Keramik Mas.
     PT Kokoh Inti Arebama Tbk (the “Company”) was established on July 6, 2001, based on Notarial
     Deed No. 27 by Fitricia Arisusanti, S.H., C.N., which was approved by the Minister of Justice and
     Human Rights of the Republic of Indonesia on July 25, 2001. The Company initially operated as the
     sole distributor of products from PT Keramika Indonesia Assosiasi Tbk, PT KIA Serpih Mas, and PT
                                                 KIA Keramik Mas.



Perseroan resmi mencatatkan sahamnya di Bursa Efek          The Company’s shares were officially listed and began
Indonesia pada 9 April 2008. Langkah ini menandai           trading on the Indonesia Stock Exchange on April 9, 2008.
transformasi Perseroan menjadi Perusahaan Terbuka,          This milestone marked the transformation of the Company
membuka peluang strategis untuk ekspansi dan penguatan      into a publicly listed entity, opening strategic opportunities
posisi di pasar bahan bangunan nasional. Melalui            for expansion and strengthening its position in the national
Penawaran Umum Saham Perdana, Perseroan menawarkan          building materials market. Through the Initial Public
250.000.000 saham kepada publik, sekaligus menerbitkan      Offering (IPO), the Company offered 250,000,000 shares to
150.000.000 Waran Seri I.                                   the public, along with the issuance of 150,000,000 Series
                                                            I Warrants.


Momentum penting terjadi saat SCG Distribution Co., Ltd.,   A significant milestone occurred when SCG Distribution
salah satu entitas anak Siam Cement Group (SCG), yang       Co., Ltd., a subsidiary of Siam Cement Group (SCG)
berpusat di Bangkok, Thailand, mengakuisisi Perseroan       headquartered in Bangkok, Thailand, acquired the
dan melaksanakan Tender Offer pada 5 Juli hingga 3          Company and conducted a Tender Offer from July 5 to
Agustus 2011 yang memperoleh 187.227.503 lembar             August 3, 2011, obtaining 187,227,503 shares from the
saham dari masyarakat. Sesuai peraturan Bapepam dan         public. In accordance with the regulation of Bapepam and
Lembaga Keuangan No. IX.H.1, hingga 31 Desember 2025,       Financial Institutions No. IX.H.1, as of December 31, 2025,
SCG Distribution Co., Ltd. telah menjual kembali sebanyak   SCG Distribution Co., Ltd. has resold 83,066,000 shares
83.066.000 lembar saham hasil Tender Offer.                 resulting from the Tender Offer.



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     Melanjutkan ekspansi bisnis, pada tahun 2017 Perseroan        Continuing its business expansion, in 2017 the Company
     meresmikan gerai Belanja Keramik pertama di Cileungsi,        inaugurated its first Belanja Keramik outlet in Cileungsi,
     Jawa Barat. Gerai ini berfungsi sebagai supermarket bahan     West Java. This outlet operates as a building materials
     bangunan yang menyediakan produk keramik unggulan dan         supermarket, offering premium ceramic products and
     terus berkembang dengan membuka cabang di berbagai            subsequently expanding with branches in strategic regions.
     wilayah strategis. Hingga 31 Desember 2025, Belanja           As of December 31, 2025, Belanja Keramik has established
     Keramik telah memiliki 20 cabang yang tersebar di Bogor,      20 branches across Bogor, Depok, Tangerang, Bekasi,
     Depok, Tangerang, Bekasi, Cilegon, Surabaya, Kota Batu,       Cilegon, Surabaya, Batu City, and Malang.
     dan Malang.


     Mengikuti perkembangan teknologi dan tren digital, pada       Following technological and digital trends, the Company
     tahun 2020 Perseroan meluncurkan Mitraruma, sebuah            launched Mitraruma in 2020, an online marketplace
     platform online marketplace yang menyediakan jasa             providing comprehensive home and residential renovation
     renovasi rumah dan hunian. Mitraruma menawarkan layanan       services. Mitraruma delivers end-to-end solutions, ranging
     menyeluruh mulai dari desain hingga pemasangan interior       from design to European-standard interior installation,
     berstandar Eropa yang disesuaikan dengan kebutuhan dan        tailored to customer needs and preferences.
     preferensi pelanggan.


     Seiring dengan perluasan lini bisnis dan inovasi layanan,     Alongside business line expansion and service innovation,
     Perseroan juga menempatkan perhatian serius pada aspek        the Company places strong emphasis on corporate
     tata kelola perusahaan dan penguatan struktur korporasi       governance and strengthening its corporate structure as a
     sebagai fondasi utama dalam mendukung pertumbuhan yang        foundation to support sustainable growth. As part of this
     berkelanjutan. Sebagai bagian dari komitmen ini, Perseroan    commitment, Company has made several amendments
     telah melakukan beberapa penyesuaian pada Anggaran            to its Articles of Association in 2020, 2023, and 2024.
     Dasar pada tahun 2020, 2023, dan 2024. Penyesuaian ini        These adjustments are designed to accommodate
     dirancang untuk mengakomodasi perkembangan usaha              business development and ensure compliance with current
     serta memastikan kepatuhan terhadap regulasi terkini,         regulations, including those of the Financial Services
     termasuk Peraturan Otoritas Jasa Keuangan dan Klasifikasi     Authority (OJK) and the Indonesian Standard Industrial
     Baku Lapangan Usaha Indonesia (KBLI 2020).                    Classification (KBLI 2020).


     Perseroan memiliki 1 (satu) anak perusahaan, PT Karya         The Company has 1 (one) subsidiary, PT Karya Makmur
     Makmur Kreasi Prima, dengan kepemilikan saham sebesar         Kreasi Prima, in which it holds a 99.9% ownership stake. The
     99,9%. Keberadaan anak perusahaan ini memperkuat fondasi      subsidiary strengthens the Company’s business foundation
     bisnis Perseroan dan mendukung strategi diversifikasi dalam   and supports its diversification strategy in responding to
     menghadapi dinamika pasar yang terus berkembang.              evolving market dynamics.


     Pada 6 Juni 2023, Perseroan meresmikan showroom offline       On June 6, 2023, the Company inaugurated Mitraruma’s
     pertama Mitraruma di Alam Sutera, Tangerang Selatan.          first offline showroom in Alam Sutera, South Tangerang.
     Showroom ini menyediakan sesi konsultasi gratis dengan        The showroom offers free consultation sessions with
     staf berpengalaman serta berbagai promo menarik.              experienced staff and various attractive promotions. The
     Kesuksesan showroom ini berlanjut dengan pembukaan            success of this showroom continued with the opening of the
     showroom kedua di The Darmawangsa Square, Jakarta             second offline showroom at The Dharmawangsa Square,
     Selatan, pada 8 Mei 2024. Hingga akhir Desember               South Jakarta, on May 8, 2024. As of December 2025,
     2025, Mitraruma telah dipercaya oleh lebih dari 518.000       Mitraruma has garnered more than 518,000 followers on
     pengikut di Instagram dan melayani ribuan pemilik rumah       Instagram and has served thousands of homeowners in the
     di wilayah Jabodetabek.                                       Greater Jakarta area.


     Perseroan terus memperkuat empat lini bisnis utama, yaitu     The Company continues to strengthen its four main
     distribusi keramik, distribusi bahan bangunan, Belanja        business lines: ceramic distribution, building materials
     Keramik, dan Mitraruma. Melalui produk berkualitas tinggi,    distribution, Belanja Keramik, and Mitraruma. Through
     jaringan distribusi yang luas, serta kapabilitas pelayanan    high-quality products, extensive distribution network, and




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Belanja Keramik dan Mitraruma untuk menjangkau                service capabilities of Belanja Keramik and Mitraruma
pelanggan online dan offline, Perseroan berkomitmen           to reach customers both online and offline, Company
untuk terus memenuhi kebutuhan konstruksi bagi seluruh        remains committed to meeting the construction needs of
masyarakat Indonesia. Sementara itu, Mitraruma telah          the Indonesian society. Mitraruma has served over 200
melayani lebih dari 200 pemilik rumah dan bekerja sama        homeowners and collaborates with more than 20 strategic
dengan lebih dari 20 Strategic Brand Partner interior kelas   premium interior brand partners, including Blum, Hettich,
atas seperti Blum, Hettich, Hafele, Neolith, dan Quadra di    Hafele, Neolith, and Quadra, across Indonesia.
seluruh Indonesia.


Sebagai bentuk apresiasi atas kemitraan yang kuat dan         As an appreciation of strong partnerships and sales
kontribusi penjualan produk, pada 20 Juli 2025 Perseroan      contributions, the Company held the - awards ceremony
mengadakan acara penghargaan di Hotel Shangri-La,             on July 20, 2025, at the Shangri-La Hotel, Jakarta. The
Jakarta. Acara ini memberikan penghargaan kepada 100          event recognized the top 100 business partners for their
mitra bisnis terbaik atas kontribusi penjualan Semen SCG      contributions in selling SCG Cement and SCG Mortar
dan SCG Mortar, menegaskan komitmen Perseroan dalam           products, reaffirming the Company’s commitment to
membangun kemitraan yang berkelanjutan di industri            building sustainable partnerships within Indonesia’s
konstruksi Indonesia.                                         construction industry.


Menegaskan aspirasi dan arah perusahaan, Perseroan            Reinforcing its corporate aspirations and direction, the
berkomitmen untuk melayani kebutuhan dan kepuasan             Company is committed to serving customer needs and
konsumen melalui dedikasi dan kontribusi terbaik dari         satisfaction through the dedication and contribution
staf yang berkompeten. Komitmen ini sejalan dengan visi       of competent staff. This commitment aligns with the
Perseroan untuk menjadi perusahaan terdepan di Indonesia      Company’s vision to become a leading enterprise in
yang tumbuh secara berkelanjutan dalam mendistribusikan       Indonesia, growing sustainably while distributing high-
produk-produk bahan bangunan berkualitas tinggi. Visi         quality building materials products. The vision serves as
tersebut menjadi landasan utama bagi Perseroan dalam terus    a fundamental basis for the Company to continuously
berinovasi dan memberikan layanan unggul, menyesuaikan        innovate and delivering excellent services, adapting to
diri dengan dinamika pasar dan kebutuhan pelanggan yang       market dynamics and evolving customer needs.
terus berkembang.


Dalam    menjalankan     komitmen      terhadap    prinsip    In line with its commitment to Environmental, Social, and
Environmental, Social, and Governance (ESG), Perseroan        Governance (ESG) principles, the Company actively integrates
secara aktif mengintegrasikan praktik keberlanjutan dalam     sustainable practices into all operational aspects. Focus
seluruh aspek operasionalnya. Fokus pada pengelolaan          on efficient resource management, social responsibility to
sumber daya yang efisien, tanggung jawab sosial kepada        communities, and transparent corporate governance serves
komunitas, serta tata kelola perusahaan yang transparan       as the primary pillar to support sustainable business growth
menjadi pilar utama dalam mendukung pertumbuhan bisnis        and create added value for stakeholders.
yang berkelanjutan dan memberikan nilai tambah bagi para
pemangku kepentingan.




Informasi Perubahan Nama
Name Change Information
Selama perjalanan usahanya hingga akhir tahun buku            Throughout its business journey up to the end of the 2025
2025, Perseroan tidak pernah mengalami perubahan nama.        fiscal year, the Company has never undergone a change of
Penyesuaian hanya dilakukan pada 9 April 2008, ketika         name. The only adjustment occurred on April 9, 2008, when
saham Perseroan resmi tercatat di Bursa Efek Indonesia,       the Company’s shares were officially listed on the Indonesia
sehingga nama perusahaan berubah menjadi PT Kokoh             Stock Exchange, resulting in the change of the Company’s
Inti Arebama Tbk yang mencerminkan statusnya sebagai          name to PT Kokoh Inti Arebama Tbk, reflecting its status as a
perusahaan terbuka.                                           publicly listed company.




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     Visi dan Misi Perusahaan
     Company Vision and Mission
     [OJK C.1]




                                        Menjadi perusahaan terdepan di Indonesia dengan
       VISI                             perkembangan      yang   berkesinambungan    dalam
         Vision                         mendistribusikan produk-produk bahan bangunan yang
                                        berkualitas, untuk melayani kebutuhan dan kepuasan
                                        konsumen dengan usaha dan kontribusi terbaik dari
                                        staf yang berkompeten.
                                        To be the leading company in Indonesia with sustainable
                                        growth for distributing good quality building material
                                        products, to serve customers’ needs and satisfactions with
                                        highest efforts and contributions from competent staff.




                                        1. Menyediakan produk yang tepat, KIA, SCG, dan bahan bangunan

       MISI
       Mission
                                           lainnya untuk melayani target konsumen.
                                        2. Membangun saluran distribusi di seluruh Indonesia.
                                        3. Meningkatkan efisiensi proses bisnis, supply chain, dan sistem
                                           teknologi informasi untuk meningkatkan kepuasan konsumen.
                                        4. Mengembangkan keterlibatan dan kemampuan karyawan serta
                                           membentuk relasi bisnis yang berkesinambungan kepada semua
                                           pemangku kepentingan.
                                        1. To offer the right products, KIA, SCG and other Building Materials
                                           to best serve target customers.
                                        2. To build strong nationwide distribution network.
                                        3. To improve efficiency in business process, supply chain and
                                           Information Technology System to increase customer satisfaction.
                                        4. To develop employees’ engagement and capability as well as to
                                           create sustainable business relationship to all stakeholders.




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Budaya Perusahaan
Corporate Culture
[OJK C.1]


Budaya SCG People diwujudkan melalui empat nilai utama        The SCG People culture is embodied through four core
yang menjadi pedoman sikap dan perilaku setiap insan          values that serve as the guiding principles for the attitudes
SCG, yaitu:                                                   and behaviors of every SCG individual, namely:




   1           Kepatuhan terhadap Keadilan
               Adherence to Fairness


• Bekerja dengan jujur, transparan, dan terlacak serta        • Work honestly, transparently, and traceably and treat every
  memperlakukan semua pihak dengan hormat, tulus,               party with respect, sincerity, friendliness, and fairness.
  bersahabat, dan adil.
• Bekerja dengan adil tanpa bias terhadap kelompok, usia,     • Work fairly without bias on group, age, or institution.
  atau institusi tertentu.




  2            Dedikasi pada Keunggulan
               Dedication to Excellence


• Dedikasikan segala daya upaya untuk menciptakan inovasi     • Dedicate all the efforts to create valuable innovation to
  yang bernilai demi manfaat maksimal bagi semua pihak.         maximize benefits for all relevant parties.
• Bertekad dan mendedikasikan seluruh upaya, pengetahuan,     • Be determined and dedicate all efforts, knowledge
  dan keterampilan pada pekerjaan dengan harapan hasil          and skills for work expecting better results to strive to
  yang lebih baik, berupaya mencapai keunggulan dengan          excellence considering synergy of benefits and impacts on
  mempertimbangkan sinergi manfaat dan berdampak pada           relevant parties.
  pihak-pihak terkait.
• Ikuti perkembangan situasi terkini dan bersiap menghadapi   • Catch up with the latest situation and be ready to face ever-
  situasi yang selalu berubah.                                  changing situation.




  3            Kepercayaan pada Nilai Individu
               Belief in the Value of the Individual


• Bekerja sama seperti saudara, perhatian, peduli, puji,      • Work together like family members, give care, concern,
  sanjung, dan berikan nasihat untuk saling menunjukkan         praise, compliment, and advice to give moral support to
  dukungan moral serta menghormati ide satu sama lain.          each other and respect each other’s idea.
• Kerja sebagai tim dan saling membantu.                      • Work as a team and help each other.




  4            Kepedulian terhadap Tanggung Jawab Sosial
               Concern for Social Responsibility


• Mematuhi praktik kerja dengan standar keselamatan,          • Always bear in mind safety standard, occupational health
  kesehatan, dan lingkungan.                                    and environment while working.
• Berhati-hati saat menggunakan sumber daya untuk             • Be conscious in using resource to create optimal values,
  menciptakan nilai yang maksimal, dan melestarikan             and preserve nature at home and work and extend this
  alam baik di rumah maupun di tempat kerja, serta              practice to outside community.
  menyebarluaskan praktik ini ke lingkungan sekitar.
• Berpartisipasi dalam pelestarian alam, kepedulian           • Take part in natural preservation, community care, and
  lingkungan, dan aktivitas pengembangan sosial.                social development activities.




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     Kegiatan Usaha
     Business Activities
     [OJK C.4]


     Kegiatan Usaha Berdasarkan Anggaran Dasar Terakhir
     Business Activities Based on the Latest Articles of Association
     Anggaran Dasar terakhir Perseroan, yang ditetapkan              The Company’s latest Articles of Association based on
     berdasarkan Akta Notaris No. 24 Tanggal 20 Juni 2024, pada      Notarial Deed No. 24 dated June 20, 2024, Article 3 states
     Pasal 3 menyatakan bahwa maksud dan tujuan Perseroan ialah      that the Company’s purpose and objective is to engage in the
     berusaha dalam bidang:                                          following field:
     a. Perdagangan Besar dan Perdagangan Eceran;                    a. Wholesale and Retail Trade;
     b. Portal Web dan/atau Platform Digital;                        b. Web Portal and/or Digital Platform;
     c. Konstruksi.                                                  c. Construction.


     Kegiatan Usaha Tahun 2025
     Business Activities in 2025
     Kegiatan usaha yang dijalankan Perseroan tahun 2025 sesuai      The Company’s business activities in 2025 are in accordance
     dengan Pasal 3 Anggaran Dasar terakhir.                         with Article 3 of the latest Articles of Association.




     Produk dan/atau Jasa yang Dihasilkan
     Products and/or Services Offered

     Lini Bisnis Utama
     Main Business Lines
     Dalam menjalankan operasionalnya, Perseroan memusatkan          In conducting its operations, the Company focuses its business
     kegiatan usaha pada empat lini bisnis utama, yang dijelaskan    activities on four main business lines, described as follows:
     pada uraian berikut:
     1. Distribusi Keramik                                           1.   Ceramic Distribution
     2. Distribusi Bahan Bangunan                                    2.   Building Materials Distribution
     3. Belanja Keramik                                              3.   Belanja Keramik
     4. Mitraruma                                                    4.   Mitraruma


     Keempat lini ini membentuk ekosistem layanan yang saling        These four business lines form a complementary service
     melengkapi, mendukung kebutuhan konstruksi dan renovasi         ecosystem that supports construction and renovation needs
     dari hulu ke hilir. Dari ekosistem tersebut, salah satu fokus   from upstream to downstream. Within this ecosystem, one
     utama yang menjadi tulang punggung operasional adalah           of the main focuses and the backbone of operations is the
     penyediaan produk bahan bangunan dan semen.                     provision of building materials and cement products.the
                                                                     provision of building materials and cement products.


     Produk Bahan Bangunan dan Semen
     Building Materials and Cement Products
     Sebagai bagian dari lini Distribusi Bahan Bangunan, Perseroan   As part of the Building Materials Distribution business line,
     menghadirkan beragam produk konstruksi dan semen yang           the Company offers a wide range of construction and cement
     tersebar merata di seluruh wilayah operasional.                 products distributed evenly across its operational areas.




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Portofolio produk unggulan yang terus dikembangkan untuk       The portfolio of flagship products, continuously developed to
memenuhi kebutuhan pasar dan standar keberlanjutan meliputi:   meet market demand and sustainability standards, includes:
• Jayamix by SCG                                               • Jayamix by SCG
• SCG PVC Pipe                                                 • SCG PVC Pipe
• SCG Mortar                                                   • SCG Mortar
• Semen SCG                                                    • SCG Cement
• Semen BEZT                                                   • BEZT Cement
• SCG Beton Instan                                             • SCG Instant Concrete
• SCG Pipe & Precast                                           • SCG Pipe & Precast
• SCG Smartblock (AAC)                                         • SCG Smartblock (AAC)


Setiap produk dikembangkan dengan standar teknis yang          Each product is developed according to strict technical
ketat untuk mendukung berbagai proyek, mulai dari skala        standards to support projects of various scales, from large-
besar hingga residensial. Perseroan menempatkan kualitas       scale developments to residential projects. The Company
sebagai prioritas utama, sekaligus mengedepankan prinsip       places quality as its top priority while also emphasizing
keberlanjutan guna meningkatkan daya saing dan memberikan      sustainability principles to enhance competitiveness and
nilai tambah yang berkelanjutan pada seluruh lini produk.      provide added value across all product lines.


Dalam upaya memperkuat posisi dan memberikan nilai             In its efforts to strengthen its position and deliver sustainable
tambah yang berkelanjutan, Perseroan berkomitmen untuk         value, the Company is committed to maintaining:
mempertahankan:
• Sertifikasi Green Label yang telah diperoleh untuk produk    •   Green Label certifications obtained for BEZT Cement, SCG
   Semen BEZT, SCG Smartblock, Semen SCG, dan SCG Mortar           Smartblock, SCG Cement, and SCG Mortar products
• Produk berkualitas tinggi                                    •   High-quality products
• Ketersediaan produk yang merata                              •   Even product availability across operational areas
• Inovasi berkelanjutan yang mendukung pembangunan             •   Continuous innovation supporting environmentally friendly
   ramah lingkungan dan efisiensi sumber daya                      construction and resource efficiency
• Pelayanan pelanggan yang responsif dan profesional           •   Responsive and professional customer service




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     Wilayah Operasional
     Operational Areas
     [OJK C.3]




           Kantor Pusat
           Head Office


           Graha Mobisel, Lantai 3
           Jl. Buncit Raya No. 139
           Kalibata, Pancoran
           Jakarta Selatan – 12740
           Graha Mobisel, 3rd Floor
           Jl. Buncit Raya No. 139
           Kalibata, Pancoran
           South Jakarta – 12740.




           Gudang
           Warehouse


           Karawang                                        Cileungsi                    Surabaya (Gresik)
           Kawasan Industri Surya Cipta,                   Jl. Raya Narogong KM 51,9,   Jl. Raya Karang Andong,
           Jl. Surya Lestari Kav 1&2,                      Desa Limusnunggal,           Desa Pasinan Lemah Putih,
           Desa Kutamekar, Kecamatan                       Kecamatan Cileungsi,         Kecamatan Wringin Anom,
           Ciampel, Kabupaten Karawang,                    Kabupaten Bogor,             Kabupaten Gresik,
           Jawa Barat - Indonesia                          Jawa Barat - Indonesia       Jawa Timur - Indonesia
           Telepon: (021) 89115121                         Telepon: (021) 8235563       Telepon: (031) 7912633-34

           Karawang                                        Cileungsi                    Surabaya (Gresik)
           Surya Cipta Industrial Park,                    Jl. Raya Narogong KM 51,9,   Jl. Raya Karang Andong,
           Jl. Surya Lestari Kav 1&2,                      Limusnunggal Village,        Pasinan Lemah Putih Village,
           Kutamekar Village, Ciampel                      Cileungsi District,          Wringin Anom District,
           District, Karawang Regency,                     Bogor Regency,               Gresik Regency,
           West Java - Indonesia.                          West Java - Indonesia.       East Java - Indonesia
           Phone: (021) 89115121                           Phone: (021) 8235563         Phone: (031) 7912633-34



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Belanja Keramik

Cipondoh                               Pondok Gede                                Pattimura
Jl. K.H Hasyim Ashari No. 8            Jl. Ratna - Jatibening No. 59              Jl. Raya Pattimura
Cipondoh, Tangerang                    Jatibening, Pondokgede                     Temas, Batu
Banten – 15148.                        Bekasi, Jawa Barat/West Java – 17412       Batu, Jawa Timur/East Java – 65315
Telepon/Phone: 081574392000            Telepon/Phone: 081517932000                Telepon/Phone: 081573742000

Ciledug                                Cikarang                                   Gading Kasri
Jl. Raden Fatah                        Jl. Imam Bonjol No. 3                      Jl. Galunggung No. 37
Sudimara Selatan, Ciledug              Sukadanau, Cikarang Barat                  Gading Kasri, Klojen
Tangerang, Banten – 15151              Bekasi, Jawa Barat/West Java – 17530       Malang, Jawa Timur/East Java – 65115
Telepon/Phone: 081519132000            Telepon/Phone: 087881492000                Telepon/Phone: 081573162000

Cilegon                                Cileungsi                                  Blimbing
Jl. Ahmad Yani No. 21                  Jl. Raya Narogong KM 51,9                  Jl. Raden Panji Suroso 6-15
Kedaleman, Cibeber                     Limusnunggal, Cileungsi                    Polowijen, Blimbing
Cilegon, Banten – 42422                Bogor, Jawa Barat/West Java – 16820        Malang, Jawa Timur/East Java – 65126
Telepon/Phone: 081517922000            Telepon/Phone: 081510142000                Telepon/Phone: 081585152000

Cinere                                 Cibinong                                   Lakarsantri
Jl. H. Isan                            Jl. Raya Cikaret No. 18                    Jl. Jeruk No. 201 - 209
Meruyung, Limo                         Harapan Jaya, Cibinong                     Jeruk, Lakarsantri
Depok, Jawa Barat/West Java – 16514    Bogor, Jawa Barat/West Java – 16914        Surabaya, Jawa Timur/East Java
Telepon/Phone: 081513032000            Telepon/Phone: 081517232000                Telepon/Phone: 081573172000

Bojongsari                             Pandu Raya                                 Benowo
Jl. Haji Nawi Malik                    Jl. Bangbarung Raya                        Jl. Raya Sememi No. 91A
Serua, Bojongsari                      Tegal Gundil, Bogor Utara,                 Sememi, Benowo
Depok, Jawa Barat/West Java – 16517    Bogor, Jawa Barat/West Java – 16152        Surabaya, Jawa Timur/East Java – 60198
Telepon/Phone: 081575832000            Telepon/Phone: 081573732000                Telepon/Phone: 081573132000

Kaliabang                              Batu Tulis                                 Gunung Anyar
Jl. Kaliabang Tengah No. 159           Jl. Batutulis No. 52                       Jl. Gunung Anyar Sawah
Bekasi Utara, Bekasi                   Batutulis, Bogor Selatan/South Bogor       Surabaya, Jawa Timur/East Java - 60294
Jawa Barat/West Java – 17125           Bogor, Jawa Barat/West Java – 16133        Telepon/Phone: 081573142000
Telepon/Phone: 081584192000            Telepon/Phone: 081573962000

Kranji                                 Ciomas
Jl. Pemuda No. 1                       Jl. Raya Ciomas
Kranji, Bekasi Barat                   Kel. Ciomas, Kec. Ciomas
Bekasi, Jawa Barat/West Java – 17135   Bogor, Jawa Barat/West Java – 16610
Telepon/Phone: 081574332000            Telepon/Phone: 081573972000




Mitraruma

Alam Sutera                             Jakarta Selatan
OKABE Gallery, Lantai 1                 The Darmawangsa Square Lt. 1
Jl. Jalur Sutera No.32,                 Jl. Wijaya II No. 5, RT. 3/RW. 1
Alam Sutera                             Pulo, Kecamatan Kebayoran Baru
Kota Tangerang Selatan,                 Kota Jakarta Selatan,
Banten - 15143                          DKI Jakarta - 12160.

Alam Sutera                             South Jakarta
OKABE Gallery, 1st Floor                The Darmawangsa Square, 1st Floor
Jl. Jalur Sutera No.32,                 Jl. Wijaya II No. 5, RT. 3/RW. 1,
Alam Sutera.                            Pulo, Kebayoran Baru District
South Tangerang City,                   South Jakarta City,
Banten - 15143                          DKI Jakarta - 12160




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     Struktur Organisasi
     Organizational Structure

                                                     RAPAT UMUM PEMEGANG SAHAM
                                                   GENERAL MEETING OF SHAREHOLDERS


                                                                Dewan Komisaris
                                                             Board of Commissioners




           Komite Nominasi dan Remunerasi                                                                     Komite Audit
         Nomination & Remuneration Committee                                                                 Audit Committee
                   Ketua/Chairman:                                                                           Ketua/Chairman:
               Noppadol Gaewthabthim                                                                    Noppadol Gaewthabthim
                  Anggota/Member:                                                                           Anggota/Member:
                Wiroat Rattanachaisit                                                                 Ancella Anitawati Hermawan
                    Haris Setiawan                                                                Dwi Astuti Rosmianingrum Nainggolan




                                                                  Direktur Utama
                                                                 President Director
                                                                 Thichet Srisuriyon




                 Sekretaris Perusahaan                                                                           Audit Internal
                  Corporate Secretary                                                                            Internal Audit
                      Ng Novalia                                                                          Hijrian Rizki Deppabayang




           Sumber Daya Manusia (HRGA)
        Human Resource & General Affair (HRGA)
                   Haris Setiawan




      Sales and Marketing-                  Sales and Marketing-                 Strategic & New Growth                      Finance &
       Ceramics Business                       CBM Business                          Implementation                        Administration
          Pavaret Lila                       Thichet Srisuriyon                        Slin Wilailak                      Saran Kaitiwong


        Manajemen Penjualan
                                                 Project Sales                                                           Accounting & Finance
         Sales Management
                                             Surawit Rattanawaree                                                            Ng Novalia
       Y. Agung Kuncoro Hadi


        Pemasaran Strategis                       Wholesales
        Strategic Marketing                        Khomkrit
        Kittikun Thongdejsri                    Pattanapuagdee


                                             Sales Transformation &
      Manajemen Operasional
                                               Business Operation
      Operational Management
                                                 Lius Hartanto


             Bisnis Ritel
                                                   Marketing
           Retail Business
                                                Sandy Fitransyah
        Kittikun Thongdejsri




     Catatan: Per 31 Desember 2025
     Note: As of December 31, 2025



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Keanggotaan Asosiasi
Association Membership
[OJK C.5]



      Asosiasi atau Organisasi           Skala         Posisi Perseroan                             Alamat
     Association or Organization         Scale         Company Position                             Address

 Forum Supplier Bahan Bangunan          Nasional             Anggota           Jl. Daan Mogot No.234, Kelurahan Duri Kepa,
 Indonesia (FOSBBI)                     National             Member            Kecamatan Kebon Jeruk, Jakarta Barat
 Indonesian Building Materials                                                 234 Daan Mogot Street, Duri Kepa Village,
 Suppliers Forum (FOSBBI)                                                      Kebon Jeruk Subdistrict, West Jakarta

 Asosiasi Emiten Indonesia (AEI)        Nasional             Anggota           Gedung Permata Kuningan, Lt. 20 | 20th Fl.
 Indonesian Issuers Association (AEI)   National             Member            Jl. Kuningan Mulia Kav.9C
                                                                               Guntur, Setiabudi
                                                                               Jakarta Selatan/South Jakarta – 12980




Perubahan Bersifat Signifikan
Significant Changes
[OJK C.6]




Dalam tahun buku 2025, Perseroan tidak mencatat adanya         In the 2025 fiscal year, the Company recorded no material
perubahan material pada struktur organisasi maupun             changes to its organizational structure or operational activities.
kegiatan operasional. Perseroan juga tidak melakukan aksi      The Company also did not undertake any corporate actions
korporasi berupa merger, penggabungan, penutupan, ataupun      such as mergers, consolidations, closures, or the opening of
pembukaan cabang, pabrik, atau unit usaha baru. Seluruh        new branch, factory, or business unit. All business activities
aktivitas usaha tetap dijalankan sesuai rencana kerja yang     continued to be carried out according to the established work
telah ditetapkan, dengan menekankan efisiensi, kepatuhan       plan, with a focus on efficiency, regulatory compliance, and
terhadap regulasi, serta keberlanjutan operasional.            operational sustainability.




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     Profil Dewan Komisaris
     Board of Commissioners Profile
     [IDX G-01]


     Wiroat Rattanachaisit
     Komisaris Utama
     President Commissioner

      Usia
                               55 tahun/years old
      Age

      Kewarganegaraan
                               Thailand
      Nationality

      Dasar Hukum              Diangkat sebagai Komisaris Utama efektif sejak 20 Juni 2024, berdasarkan keputusan Rapat Umum Pemegang
      Pengangkatan             Saham Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2024.
      Legal Basis of           Appointed as President Commissioner effective June 20, 2024, based on the resolution of the Annual General
      Appointment              Meeting of Shareholders (AGMS) held on June 20, 2024.

      Riwayat Pendidikan       •   1991
      dan Sertifikasi              Bachelor of Business Administration, bidang Marketing, University of the Thai Chamber of Commerce, Thailand
      Educational              •   2015
      Background                   Advanced Management Program (AMP), Harvard Business School, USA
      and Certifications       •   2019
                                   Director Accreditation Program (DAP/163)
                               •   2022
                                   • Director Certification Program (DCP/329)
                                   • Ethical Leadership Program (ELP) 25
                               •   2023
                                   Capital Market Academy (CMA) 33
                               •   2024
                                   National Defense Course (NDC) 67

      Riwayat Jabatan          •   2013-2019
      Career History               Managing Director - Sales and Channels, SCG Cement – Building Materials Company Limited, Thailand
                               •   2019
                                   Head of Distribution and Retail Business, SCG Cement – Building Materials Company Limited, Thailand
                               •   2020-2021
                                   • Head of Active Omni Channel, SCG Cement-Building Materials Co., Ltd., Thailand
                                   • President Director, PT Surya Siam Keramik, Indonesia
                               •   2020-2022
                                   • Vice President - Regional Cement Building Materials Business
                                   • Vice President - Housing Products and Solution Business
                                   • Country Director – Indonesia, SCG, Indonesia
                                   • Country Director – Indonesia, SCG Cement – Building Materials Company Limited, Indonesia
                                   • Head of Ceramics Business Indonesia, SCG Cement – Building Materials Company Limited Indonesia
                                   • President Director, PT Kokoh Inti Arebama Tbk, Indonesia
                                   • President Director, PT Semen Lebak, Indonesia
                                   • Commissioner, PT SCG Ready Mix Indonesia, Indonesia
                                   • Commissioner, PT SCG Pipe & Precast Indonesia, Indonesia
                                   • Commissioner, PT Semen Jawa, Indonesia
                                   • Commissioner, PT Tambang Semen Sukabumi, Indonesia
                               •   2022
                                   President Commissioner, PT Surya Siam Keramik, Indonesia

      Rangkap Jabatan          •   Di Perseroan:                                         •   Di Perusahaan atau Institusi Lain:
      Concurrent Position          At the Company:                                           At Other Companies or Institutions:
                                   Anggota Komite Nominasi dan Remunerasi Perseroan          Sejak/Since 2024
                                   Member of the Company’s Nomination and                    • President SCG Smart Living Business
                                   Remuneration Committee                                    • President SCG Distribution & Retail Business

      Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota Direksi, maupun pemegang
      Affiliate Relationship   saham utama dan pengendali.
                               No affiliation with other members of the Board of Commissioners, other members of the Board of Directors, nor
                               with majority and controlling shareholders.




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Warit Jintanawan*
Komisaris
Commissioner

 Usia
                              51 tahun/years old
 Age

 Kewarganegaraan
                              Thailand
 Nationality

 Dasar Hukum                  •   Diangkat sebagai Komisaris efektif sejak 20 Juni 2025, berdasarkan keputusan Rapat Umum Pemegang Saham
 Pengangkatan                     Tahunan yang diselenggarakan pada 20 Juni 2025.
 Legal Basis of               •   Appointed as an effective Commissioner since June 20, 2025, based on the results of the Company’s Annual
 Appointment                      General Meeting of Shareholders (AGMS) held on June 20, 2025.

 Riwayat Pendidikan           •   1995
 dan Sertifikasi                  Bachelor of Civil Engineering, Chulalongkorn University, Thailand
 Educational                  •   1997
 Background                       Master of Civil Engineering, University of Illinois @ Urbana-Champaign, USA
 and Certifications           •   2003
                                  Master of Management (MBA), Kellogg School of Management, Northwestern University, USA
                              •   2025
                                  Advanced Management Program, Harvard Business School

 Riwayat Jabatan              •   2003-2006
 Career History                   Assistant Manager, Planning Office, SCG Cement Co., Ltd., Thailand
                              •   2006-2009
                                  Assistant Director, Corporate Planning Office, Siam Cement Plc, Thailand
                              •   2009-2013
                                  Director, Marketing Division, SCG Network Management Co., Ltd., Thailand
                              •   2013-2014
                                  Director, Branding and Marketing Division, SCG Vietnam, Vietnam
                              •   2014-2016
                                  Director, Sourcing Business, SCG Cement-Building Materials Co., Ltd., Thailand
                              •   2016-2018
                                  Vice CEO, Business Development, Siam Global House Plc, Thailand
                              •   2022-2025
                                  President Director, PT Kokoh Inti Arebama Tbk, Indonesia

 Rangkap Jabatan              •   Di Perseroan:                                                   •   Di Perusahaan atau Institusi Lain:
 Concurrent Position              At the Company:                                                     At Other Companies or Institutions:
                                  Tidak merangkap jabatan di Perseroan                                Sejak/Since 2018
                                  No concurrent positions in the Company                              • Director, Operations and Strategy, PT Catur
                                                                                                         Sentosa Adiprana Tbk, Indonesia
                                                                                                      Sejak/Since 2022
                                                                                                      • Commissioner, PT Karya Makmur Kreasi Prima,
                                                                                                         Indonesia
                                                                                                      • Commissioner, PT Keramika Indonesia Assosiasi
                                                                                                         Tbk, Indonesia
                                                                                                      • Commissioner, PT KIA Keramik Mas, Indonesia
                                                                                                      Sejak/Since 2023
                                                                                                      • Commissioner, PT Siam-Indo Gypsum Industry,
                                                                                                         Indonesia
                                                                                                      • Commissioner, PT Siam-Indo Concrete Products,
                                                                                                         Indonesia
                                                                                                      • Commissioner, PT SCG Indonesia, Indonesia

 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota Direksi, maupun pemegang
 Affiliate Relationship       saham utama dan pengendali.
                              No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with
                              majority and controlling shareholders.


 * Masa jabatan sebagai Komisaris dimulai secara efektif pada 20 Juni 2025, sebelumnya menjabat sebagai Direktur Utama Perseroan.
  Masa jabatan sebagai Direktur Utama berakhir secara efektif pada 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) 2025,
  selanjutnya diangkat sebagai Komisaris Perseroan.
 * The term of office as Commissioner will commence effectively on June 20, 2025, having previously served as the Company’s President Director.
  The term of office as President Director effectively ended on June 20, 2025, pursuant to the resolution of the 2025 Annual General Meeting of Shareholders (AGMS),
  and the individual was subsequently appointed as a Commissioner of the Company.




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     Vorapong Panavasu*
     Komisaris
     Commissioner

      Usia
                                   53 tahun/years old
      Age

      Kewarganegaraan
                                   Thailand
      Nationality

      Dasar Hukum                  Diangkat pertama kali sebagai Komisaris efektif sejak 10 Juni 2022, berdasarkan keputusan Rapat Umum Pemegang
      Pengangkatan                 Saham Tahunan (RUPST) yang diselenggarakan pada 10 Juni 2022.
      Legal Basis of               First appointed as an effective Commissioner on June 10, 2022, based on the resolution of the Annual General
      Appointment                  Meeting of Shareholders (AGMS) held on June 10, 2022.

      Riwayat Pendidikan           •   1994
      dan Sertifikasi                  Bachelor of Engineering, Chulalongkorn University, Thailand
      Educational                  •   1998
      Background                       Master of Science (Engineering), University of Leeds, Leeds, U.K.
      and Certifications           •   2003
                                       Master of Business Administration, Thammasat University, Thailand

      Riwayat Jabatan              •   1999-2005
      Career History                   Technical Manager, The Concrete Products and Aggregate Co., Ltd., Thailand
                                   •   2005-2007
                                       Eastern 2 Area Manager, The Concrete Products and Aggregate Co., Ltd., Thailand
                                   •   2007-2012
                                       General Manager, CPAC LAO, Laos PDR
                                   •   2012-2019
                                       CPAC Southern Business Director
                                   •   2019-2023
                                       President Director, PT SCG Readymix Indonesia, Indonesia
                                   •   2021-2022
                                       Head of Operations, SCG Cement Building Materials, Indonesia
                                   •   2022-2024
                                       President Director, PT SCG Lightweight Concrete Indonesia, Indonesia
                                   •   2023-2025
                                       • Indonesia Business Director, SCG Cement Building Materials, Indonesia
                                       • Service & Solution Director, Distribution & Retail Business, Indonesia

      Rangkap Jabatan              •   Di Perseroan:                                                   •   Di Perusahaan atau Institusi Lain:
      Concurrent Position              At the Company:                                                     At Other Companies or Institutions:
                                       Tidak merangkap jabatan di Perseroan                                Tidak merangkap jabatan di perusahaan lain
                                       No concurrent positions in the Company                              No concurrent positions in other companies

      Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota Direksi, maupun pemegang
      Affiliate Relationship       saham utama dan pengendali.
                                   No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with
                                   major and controlling shareholders.

      * Masa jabatan berakhir secara efektif pada 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) 2025.
      * The term of office will effectively ended on June 20, 2025, pursuant to the resolution of the 2025 Annual General Meeting of Shareholders (AGMS).




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50                  Annual Report & Sustainability Report
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                                                                                                             PT Kokoh Inti Arebama Tbk




Noppadol Gaewthabthim
Komisaris Independen
Independent Commissioner

 Usia
                          67 tahun/years old
 Age

 Kewarganegaraan
                          Thailand
 Nationality

 Dasar Hukum              Diangkat pertama kali sebagai Komisaris Independen efektif sejak 25 Januari 2023, berdasarkan keputusan Rapat
 Pengangkatan             Umum Pemegang Saham Luar Biasa (RUPSLB) yang diselenggarakan pada 25 Januari 2023.
 Legal Basis of           First appointed as an Independent Commissioner effective January 25, 2023, based on the resolution of the
 Appointment              Extraordinary General Meeting of Shareholders (EGMS) held on January 25, 2023.

 Riwayat Pendidikan       •   1980
 dan Sertifikasi              Bachelor of Engineering, Mechanical Engineering, Chulalongkorn University, Thailand
 Educational              •   2008
 Background                   Advanced Management Program (AMP) dari The Wharton School, USA
 and Certifications

 Riwayat Jabatan          •   2003
 Career History               Production Department Manager, The Siam Cement (Thung Song) Co., Ltd., Thailand
                          •   2005
                              • Managing Director, The CPAC Roof Tile Co., Ltd., Thailand
                          •   2009
                              • Managing Director, The CPAC Roof Tile Co., Ltd., Thailand
                              • Managing Director, The Ceramic Roof Tile Co., Ltd., Thailand
                          •   2013
                              • Head of Operations - Building Materials, SCG Building Materials Co., Ltd., Thailand
                              • Managing Director, The Ceramic Roof Tile Co., Ltd., Thailand
                              • Managing Director, The Siam Fiber Cement Co., Ltd., Thailand
                          •   2017
                              Managing Director, The Concrete Product and Aggregate Co., Ltd., Thailand

 Rangkap Jabatan          •   Di Perseroan:                                           •   Di Perusahaan atau Institusi Lain:
 Concurrent Position          At the Company:                                             At Other Companies or Institutions:
                              • Ketua Komite Nominasi dan Remunerasi                      Tidak merangkap jabatan di perusahaan lain
                              • Ketua Komite Audit                                        No concurrent positions in other companies
                              • Chairman of the Nomination and Remuneration
                                 Committee
                              • Chairman of the Audit Committee

 Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota Direksi, maupun pemegang
 Affiliate Relationship   saham utama dan pengendali.
                          No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with
                          major and controlling shareholders.




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                                                                                               Annual Report & Sustainability Report      51
Page 52
                            PROFIL PERUSAHAAN
                            Company Profile




     Pernyataan Independensi Komisaris Independen
     Statement of Independence of Independent Commissioner
     Sesuai dengan ketentuan yang tercantum pada Pasal 21                  In accordance with the provisions set forth in Article 21 of the
     Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014                  Financial Services Authority Regulation No. 33/POJK.04/2014
     tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan            concerning the Board of Directors and Board of Commissioners
     Publik (“POJK 33/2014”), Komisaris Independen wajib                   of Issuers or Public Companies (“POJK 33/2014”), an
     memenuhi persyaratan independensi.                                    Independent Commissioner is required to meet the following
                                                                           independence.


     Perseroan memastikan bahwa Noppadol Gaewthabthim, yang                The Company ensures that Noppadol Gaewthabthim, who
     pertama kali diangkat sebagai Komisaris Independen melalui            was first appointed as an Independent Commissioner
     keputusan RUPSLB pada 25 Januari 2023, telah memenuhi                 through a resolution of the Extraordinary General Meeting of
     seluruh ketentuan tersebut. Saat ini, Komisaris Independen            Shareholders on January 25, 2023, has fulfilled all of these
     sedang menjalani masa jabatan periode pertamanya yang akan            requirements. Currently, the Independent Commissioner is
     berakhir pada tahun 2026. Komisaris Independen berkomitmen            serving his first term, which will end in 2026. The Independent
     untuk senantiasa menjaga independensi dalam setiap                    Commissioner is committed to maintaining independence in
     pelaksanaan tugas dan tanggung jawab.                                 the performance of his duties and responsibilities.



     Perubahan Komposisi Dewan Komisaris
     Changes in the Composition of the Board of Commissioners
     Rapat Umum Pemegang Saham Tahunan (RUPST) yang                        The Annual General Meeting of Shareholders (AGMS) held on
     diselenggarakan pada 20 Juni 2025 menetapkan perubahan                June 20, 2025, approved changes to the composition of the
     dalam susunan Dewan Komisaris Perseroan. Keputusan ini                Company’s Board of Commissioners. This decision was made as
     diambil sebagai bagian dari strategi untuk memperkuat                 part of a strategy to strengthen oversight functions, ensure the
     fungsi pengawasan, memastikan penerapan prinsip tata                  implementation of good corporate governance principles, and
     kelola perusahaan yang baik, serta mendukung keberlanjutan            support the continuity of the Company’s business policy and
     arah kebijakan dan strategi bisnis Perseroan. Informasi rinci         strategic direction. Detailed information on the changes in the
     perubahan komposisi Dewan Komisaris tahun 2025 disajikan              Board of Commissioners’ composition in 2025 is presented in
     pada tabel berikut:                                                   the table below:

                                                                                         Nama/Name
                       Jabatan
                       Position                             Sebelum RUPST 20 Juni 2025                Setelah RUPST 20 Juni 2025
                                                           Before the AGMS on June 20, 2025          After the AGMS on June 20, 2025

      Komisaris Utama/President Commissioner                    Wiroat Rattanachaisit                     Wiroat Rattanachaisit

      Komisaris/Commissioner                                     Vorapong Panavasu                          Warit Jintanawan

      Komisaris Independen
                                                              Noppadol Gaewthabthim                     Noppadol Gaewthabthim
      Independent Commissioner




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52               Annual Report & Sustainability Report
Page 53
                                                                                                                  PT Kokoh Inti Arebama Tbk




Profil Direksi
Board of Directors Profile

Thichet Srisuriyon*
Direktur Utama
President Director

 Usia
                              48 tahun/years old
 Age

 Kewarganegaraan
                              Thailand
 Nationality

 Dasar Hukum                  •   Diangkat pertama kali sebagai Direktur efektif sejak 26 Agustus 2020 berdasarkan keputusan Rapat Umum
 Pengangkatan                     Pemegang Saham Luar Biasa Perseroan yang diselenggarakan pada 26 Agustus 2020.
 Legal Basis of               •   Diangkat sebagai Wakil Direktur Utama efektif sejak 25 Agustus 2021 berdasarkan keputusan Rapat Umum
 Appointment                      Pemegang Saham Tahunan yang diselenggarakan pada 25 Agustus 2021.
                              •   Diangkat sebagai Direktur Utama efektif sejak 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang
                                  Saham Tahunan yang diselenggarakan pada 20 Juni 2025.
                              •   First appointed as Director of the Company effective August 26, 2020, based on the resolution of the Extraordinary
                                  General Meeting of Shareholders (EGMS) held on August 26, 2020.
                              •   Appointed as Vice President Director effective August 25, 2021, based on the resolution of the Annual General
                                  Meeting of Shareholders (AGMS) held on August 25, 2021.
                              •   Appointed as President Director effective June 20, 2025, based on the resolution of the Annual General Meeting
                                  of Shareholders (AGMS) held on June 20, 2025.

 Riwayat Pendidikan           •   2001
 dan Sertifikasi                  Bachelor of Business Administration, Marketing, Bangkok University, Bangkok, Thailand
 Educational                  •   2007
 Background                       Master of Business Administration, Marketing, Kasetsart University, Bangkok, Thailand
 and Certifications           •   2018
                                  Management Development Program, Duke University, USA

 Riwayat Jabatan              •   2010-2017
 Career History                   Channel Manager - Wholesales, Cement-Building Materials Co., Ltd., Thailand
                              •   2017-2020
                                  Southern Business Director, Cement-Building Materials Co., Ltd., Thailand
                              •   2020-2025
                                  Vice President Director, PT Kokoh Inti Arebama Tbk, Indonesia

 Rangkap Jabatan              •   Di Perseroan:                                            •   Di Perusahaan atau Institusi Lain:
 Concurrent Position              At the Company:                                              At Other Companies or Institutions:
                                  Tidak merangkap jabatan di Perseroan                         Sejak/Since 2020
                                  No concurrent positions in the Company                       Distribution Director, Regional Business – Indonesia,
                                                                                               Cement– Building Materials Co., Ltd., Indonesia

 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
 Affiliate Relationship       saham utama dan pengendali.
                              No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with
                              major and controlling shareholders.


 * Masa jabatan sebagai Direktur Utama dimulai secara efektif pada 20 Juni 2025
 * The term of office as President Director effectively commenced on June 20, 2025.




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                                                                                                    Annual Report & Sustainability Report              53
Page 54
                                  PROFIL PERUSAHAAN
                                  Company Profile




     Pavaret Lila*
     Wakil Direktur Utama
     Vice President Director

      Usia
                                   55 tahun/years old
      Age

      Kewarganegaraan
                                   Thailand
      Nationality

      Dasar Hukum                  Diangkat sebagai Wakil Direktur Utama efektif sejak 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang
      Pengangkatan                 Saham Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2025
      Legal Basis of               Appointed as Deputy Managing Director effective June 20, 2025, based on the decision of the Annual General
      Appointment                  Meeting of Shareholders (AGMS) held on June 20, 2025.

      Riwayat Pendidikan           •   1992
      dan Sertifikasi                  Bachelor’s Degree in Engineering (Industrial Engineering), Chiang Mai University, Thailand
      Educational                  •   1998
      Background                       Master of Business Administration, Chulalongkorn University, Thailand
      and Certifications           •   2010
                                       Management Development Program (MDP)
                                   •   2023
                                       Management Administration Program (MAP)

      Riwayat Jabatan              •   2013
      Career History                   Domestic Sales Manager, Thai Ceramic Co., Ltd., Thailand
                                   •   2019
                                       Domestics Sales Manager, SCG Decor Public Company Limited, Thailand
                                   •   2022
                                       Retail Business Manager, SCG Decor Public Company Limited, Thailand
                                   •   2023
                                       President Mariwasa Siam Ceramic, The Philippines

      Rangkap Jabatan              •   Di Perseroan:                                                •   Di Perusahaan atau Institusi Lain:
      Concurrent Position              At the Company:                                                  At Other Companies or Institutions:
                                       Head of Decor Surface Business – Indonesia                       • President Director, PT Karya Makmur Kreasi
                                                                                                           Prima, Indonesia
                                                                                                        • Director, PT Surya Siam Keramik, Indonesia

      Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
      Affiliate Relationship       saham utama dan pengendali.
                                   No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with
                                   majority and controlling shareholders.


      * Masa jabatan sebagai Wakil Direktur Utama secara efektif dimulai pada 20 Juni 2025.
      * The term of office as Deputy Chief Executive Officer effectively begins on June 20, 2025.




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54                  Annual Report & Sustainability Report
Page 55
                                                                                                                  PT Kokoh Inti Arebama Tbk




Surawit Rattanawaree*
Wakil Direktur Utama
Vice President Director

 Usia
                              39 tahun/years old
 Age

 Kewarganegaraan
                              Thailand
 Nationality

 Dasar Hukum                  Diangkat sebagai Wakil Direktur Utama efektif sejak 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang
 Pengangkatan                 Saham Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2025.
 Legal Basis of               Appointed as Vice President Director effective June 20, 2025, based on the resolution of the Annual General
 Appointment                  Meeting of Shareholders (AGMS) held on June 20, 2025.

 Riwayat Pendidikan           •   2008
 dan Sertifikasi                  Bachelor of Civil Engineering, King Mongkut’s University of Technology Thonburi, Thailand
 Educational                  •   2015
 Background                       Master of Engineering, Construction Engineering & Management, Chiang Mai University, Thailand
 and Certifications           •   2025
                                  • SCG Leadership Development 2025, SCG Learning, Thailand
                                  • Strengths-Based Team Synergy Building, Gallup-CliftonStrengths, Thailand

 Riwayat Jabatan              •   2008
 Career History                   Engineer, Thai Obayashi, Thailand
                              •   2009
                                  Sales Representative, SCG Network, Thailand
                              •   2012
                                  Assistant Sales Manager, SCG Network, Thailand
                              •   2016
                                  Business & Dealer Advisor, SCG Distribution, Thailand
                              •   2019
                                  Digital Partner Advisor, SCG Distribution, Thailand
                              •   2020
                                  Marketing Manager, PT Kokoh Inti Arebama Tbk, Indonesia

 Rangkap Jabatan              •   Di Perseroan:                                            •   Di Perusahaan atau Institusi Lain:
 Concurrent Position              At the Company:                                              At Other Companies or Institutions:
                                  Tidak merangkap jabatan di Perseroan                         Tidak memiliki rangkap jabatan di perusahaan lain
                                  No concurrent positions in the Company                       No concurrent positions in other companies

 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
 Affiliate Relationship       saham utama dan pengendali.
                              No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with major
                              and controlling shareholders.

 * Masa jabatan sebagai Wakil Direktur Utama secara efektif dimulai pada 20 Juni 2025.
 * The term of office as Vice President Director effectively commenced on June 20, 2025.




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                                                                                                    Annual Report & Sustainability Report          55
Page 56
                               PROFIL PERUSAHAAN
                               Company Profile




     Saran Kaitiwong
     Direktur
     Director

      Usia
                               50 tahun/years old
      Age

      Kewarganegaraan
                               Thailand
      Nationality

      Dasar Hukum              Diangkat sebagai Direktur efektif sejak 20 Juni 2024 berdasarkan keputusan Rapat Umum Pemegang Saham
      Pengangkatan             Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2024.
      Legal Basis of           Appointed as Director effective June 20, 2024, based on the results of the Annual General Meeting of Shareholders
      Appointment              (AGMS) held on June 20, 2024.

      Riwayat Pendidikan       •   1997
      dan Sertifikasi              Bachelor of Business Administration (Accounting), Prince of Songkla University, Thailand
      Educational              •   2005
      Background                   • Master of Business Administration in Accounting, Ramkhamhaeng University, Thailand
      and Certifications           • Management Acceleration Program, International Institute for Management Development (IIMD)

      Riwayat Jabatan          •   1997-2002
      Career History               Internal Auditor, Siam Cement Public Company Limited, Thailand
                               •   2003-2005
                                   Managerial Report SCT Oversea, SCG Accounting Services Co., Ltd., Thailand
                               •   2006-2010
                                   Chief Accounting Officer, The CPAC Roof Tile, Cambodia
                               •   2010-2013
                                   Chief Accounting Officer, SCG Landscape Co., Ltd., Thailand
                               •   2013-2020
                                   Chief Accounting Officer, Prime Group JSC, Vietnam
                               •   2020-2021
                                   Chief Accounting Officer, Myanmar
                               •   2022-2023
                                   Chief Financial Officer, Prime Group JSC, Vietnam

      Rangkap Jabatan          •   Di Perseroan:                                         •   Di Perusahaan atau Institusi Lain:
      Concurrent Position          At the Company:                                           At Other Companies or Institutions:
                                   Tidak merangkap jabatan di Perseroan                      Sejak/Since 2024
                                   No concurrent positions in the Company                    • Indonesia Hub Director, SCG - Indonesia
                                                                                             • Vice President Director, PT SCG Indonesia,
                                                                                                Indonesia
                                                                                             • Director, PT Karya Makmur Kreasi Prima,
                                                                                                Indonesia
                                                                                             • Director, PT Surya Siam Keramik, Indonesia
                                                                                             • Director, PT Living Platform Indonesia, Indonesia

      Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
      Affiliate Relationship   saham utama dan pengendali.
                               No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with major
                               and controlling shareholders.




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56                 Annual Report & Sustainability Report
Page 57
                                                                                                           PT Kokoh Inti Arebama Tbk




Kittikun Thongdejsri
Direktur
Director

 Usia
                          41 tahun/years old
 Age

 Kewarganegaraan
                          Thailand
 Nationality

 Dasar Hukum              Diangkat sebagai Direktur efektif sejak 20 Juni 2024 berdasarkan keputusan Rapat Umum Pemegang Saham
 Pengangkatan             Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2024.
 Legal Basis of           Appointed as Director effective June 20, 2024, based on the results of the Annual General Meeting of Shareholders
 Appointment              (AGMS) held on June 20, 2024.

 Riwayat Pendidikan
 dan Sertifikasi
                          2005
 Educational
                          Bachelor of Economics, Chiangmai University, Thailand
 Background
 and Certifications

 Riwayat Jabatan          •   2007-2010
 Career History               Area Supervisor, COTTO STUDIO, Thai Ceramics Co., Ltd., Thailand
                          •   2011-2012
                              Marketing Officer, COTTO STUDIO, Thai Ceramics Co., Ltd., Thailand
                          •   2013-2018
                              COTTO STUDIO Chiang Mai Manager, COTTO STUDIO, Thai Ceramics Co., Ltd., Thailand
                          •   2018-2019
                              VOA Space Manager, Marketing, Thai Ceramics Co., Ltd., Thailand
                          •   2020-2022
                              COTTO Life Manager, Retail Business, SCG Ceramic Co., Ltd., Thailand
                          •   2022-2024
                              Marketing Manager, Sales and Marketing, PT Kokoh Inti Arebama Tbk, Indonesia

 Rangkap Jabatan          •   Di Perseroan:                                         •   Di Perusahaan atau Institusi Lain:
 Concurrent Position          At the Company:                                           At Other Companies or Institutions:
                              Tidak merangkap jabatan di Perseroan                      Sejak/Since 2024
                              No concurrent positions in the Company                    Director, PT Karya Makmur Kreasi Prima, Indonesia

 Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
 Affiliate Relationship   saham utama dan pengendali.
                          No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with major
                          and controlling shareholders.




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                                                                                             Annual Report & Sustainability Report             57
Page 58
                               PROFIL PERUSAHAAN
                               Company Profile




     Pattaraphon Charttongkum
     Direktur
     Director

      Usia
                               37 tahun/years old
      Age

      Kewarganegaraan
                               Thailand
      Nationality

      Dasar Hukum              Diangkat sebagai Direktur efektif sejak 20 Juni 2023 berdasarkan keputusan Rapat Umum Pemegang Saham
      Pengangkatan             Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2023.
      Legal Basis of           Appointed as Director effective June 20, 2023, based on the resolution of the Annual General Meeting of
      Appointment              Shareholders (AGMS) held on June 20, 2023.

      Riwayat Pendidikan       •   2010
      dan Sertifikasi              Bachelor of Art in Political Sciences, Thammasat University, Thailand
      Educational              •   2018
      Background                   International Business Concept Development (BCD) by SCG Human Capital Development Center
      and Certifications       •   2024
                                   SHRM Annual Conference 2024 (Chicago, USA) by the Society for Human Resource Management

      Riwayat Jabatan          •   2010-2012
      Career History               HR Officer, Human Resources, The Siam Cement (Lampang) Co., Ltd., Thailand
                               •   2013
                                   HR Management Manager, Human Resources, The Siam Cement (Lampang) Co., Ltd., Thailand
                               •   2014
                                   HR Development Manager, Human Resources, The Siam Cement (Lampang) Co., Ltd., Thailand
                               •   2015-2016
                                   HR Advisor, Human Resources, SCG Concrete Roof (Vietnam) Co., Ltd., Vietnam
                               •   2017-2020
                                   HR Advisor, Human Resources, SCG Cement-Building Materials Vietnam LLC, Vietnam
                               •   2021
                                   Advisor, Business Support, PT Semen Jawa, Indonesia
                               •   2022-2023
                                   Advisor, Business Support, PT Kokoh Inti Arebama Tbk, Indonesia
                               •   2023-2024
                                   Business Support Director, PT SCG Indonesia, Indonesia

      Rangkap Jabatan          •   Di Perseroan:                                         •   Di Perusahaan atau Institusi Lain:
      Concurrent Position          At the Company:                                           At Other Companies or Institutions:
                                   Tidak merangkap jabatan di Perseroan                      Sejak/Since 2025
                                   No concurrent positions in the Company                    President Director, PT SCG Indonesia, Indonesia

      Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
      Affiliate Relationship   saham utama dan pengendali.
                               No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with major
                               and controlling shareholders.




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58                 Annual Report & Sustainability Report
Page 59
                                                                                                           PT Kokoh Inti Arebama Tbk




Y. Agung Kuncoro Hadi
Direktur Independen
Independent Director

 Usia
                          50 tahun/years old
 Age

 Kewarganegaraan
                          Indonesia
 Nationality

 Dasar Hukum              •   Diangkat sebagai Direktur Independen efektif sejak 23 Januari 2020 berdasarkan keputusan Rapat Umum
 Pengangkatan                 Pemegang Saham Luar Biasa (RUPSLB) yang diselenggarakan pada 23 Januari 2020.
 Legal Basis of           •   Diangkat kembali sebagai Direktur Independen efektif sejak 25 Agustus 2021 berdasarkan keputusan Rapat
 Appointment                  Umum Pemegang Saham Tahunan (RUPST) yang diselenggarakan pada 25 Agustus 2021.
                          •   Appointed as Independent Director effective January 23, 2020 based on the resolution of the Extraordinary
                              General Meeting of Shareholders (EGMS) held on January 23, 2020.
                          •   Reappointed as Independent Director effective August 25, 2021, based on the resolution of the Annual General
                              Meeting of Shareholders (AGMS) held on August 25, 2021.

 Riwayat Pendidikan
 dan Sertifikasi          1999
 Educational              Sarjana Ekonomi, bidang Keuangan dan Akuntansi, Sekolah Tinggi Ilmu Ekonomi, Yogyakarta, Indonesia.
 Background               Bachelor of Economics, majoring in Finance and Accounting, College of Economics, Yogyakarta, Indonesia.
 and Certifications

 Riwayat Jabatan          •   2000-2001
 Career History               Branches Financial Controller, PT Ultramos Jaya (BAYER Group), Indonesia
                          •   2002-2003
                              Finance and Accounting Manager, PT Putramakmur Aditama (BAYER Group), Indonesia
                          •   2004-2007
                              General Manager, PT Putramakmur Aditama (BAYER Group), Indonesia
                          •   2008-2010
                              Regional Sales Manager, PT Bengawan Nusantara, Indonesia
                          •   2010-2019
                              Sales Manager, PT Kokoh Inti Arebama Tbk, Indonesia

 Rangkap Jabatan          •   Di Perseroan:                                         •   Di Perusahaan atau Institusi Lain:
 Concurrent Position          At the Company:                                           At Other Companies or Institutions:
                              General Manager – Sales Management                        Tidak merangkap jabatan di perusahaan lain
                                                                                        No concurrent positions in other companies

 Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
 Affiliate Relationship   saham utama dan pengendali.
                          No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with major
                          and controlling shareholders.




                                                                                         Laporan Tahunan & Laporan Keberlanjutan
                                                                                             Annual Report & Sustainability Report             59
Page 60
                                  PROFIL PERUSAHAAN
                                  Company Profile




     Nipan Boonbandarn**
     Wakil Direktur Utama
     Vice President Director

      Usia
                                   46 tahun/years old
      Age

      Kewarganegaraan
                                   Thailand
      Nationality

      Dasar Hukum                  Pertama kali diangkat sebagai Wakil Direktur Utama efektif sejak 25 Agustus 2021 berdasarkan keputusan Rapat
      Pengangkatan                 Umum Pemegang Saham Tahunan (RUPST) yang diselenggarakan 25 Agustus 2021.
      Legal Basis of               First appointed as Vice President Director effective August 25, 2021, based on the resolution of the Annual General
      Appointment                  Meeting of Shareholders (AGMS) held on August 25, 2021.

      Riwayat Pendidikan           •   1997-2001
      dan Sertifikasi                  Bachelor of Engineering, Industrial Engineering, King Mongkut’s Institute of Technology Ladkrabang,
      Educational                      Bangkok, Thailand
      Background                   •   2006-2008
      and Certifications               Master Degree in Marketing di Thammasat University, Bangkok, Thailand

      Riwayat Jabatan              •   2010-2013
      Career History                   Assistant Business Development Manager, SCG Cement-Building Materials Co., Ltd., Thailand
                                   •   2013-2017
                                       Strategic and Project Control Manager (Business Development), SCG Cement-Building Materials Co., Ltd.,
                                       Thailand
                                   •   2017-2018
                                       Retail Business Manager di Cementhai Ceramic Company Limited, Thailand
                                   •   2018 – 2021
                                       Retail Business Manager, SCG Ceramics Public Company Limited, Thailand
                                   •   2022 - 2025
                                       President Director, PT Karya Makmur Kreasi Prima, Indonesia

      Rangkap Jabatan              •   Di Perseroan:                                        •   Di Perusahaan atau Institusi Lain:
      Concurrent Position              At the Company:                                          At Other Companies or Institutions:
                                       Tidak merangkap jabatan di Perseroan                     President Mariwasa Siam Ceramic, The Philippines
                                       No concurrent positions in the Company

      Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
      Affiliate Relationship       saham utama dan pengendali.
                                   No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with
                                   majority and controlling shareholders.

      ** Masa jabatan berakhir secara efektif pada 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) 2025.
      ** Term of office effectively ended on June 20, 2025, pursuant to the resolution of the 2025 Annual General Meeting of Shareholders (AGMS).




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Sataporn Na Songkhla**
Direktur
Director

 Usia
                             41 tahun/years old
 Age

 Kewarganegaraan
                             Thailand
 Nationality

 Dasar Hukum                 Pertama kali diangkat sebagai Direktur efektif sejak 20 Juni 2024 berdasarkan keputusan Rapat Umum Pemegang
 Pengangkatan                Saham Tahunan (RUPST) yang diselenggarakan pada 20 Juni 2024.
 Legal Basis of              First appointed as Director effective June 20, 2024, based on the resolution of the Annual General Meeting of
 Appointment                 Shareholders (AGMS) held on June 20, 2024.

 Riwayat Pendidikan          •   2002-2006
 dan Sertifikasi                 Bachelor of Economics, Thammasat University, Bangkok, Thailand
 Educational                 •   2010-2012
 Background                      Master of Business Administration, Fuqua School of Business, Duke University, North Carolina, USA
 and Certifications

 Riwayat Jabatan             •   2006-2007
 Career History                  Marketing Executive, Siam Cement Refractory Industry, Thailand
                             •   2008-2012
                                 Export Marketing Executive, SCG Cement Co., Ltd., Thailand
                             •   2012-2015
                                 Business Development Executive, SCG Cement Building Materials Co., Ltd., Thailand
                             •   2015-2020
                                 Strategic Management Manager, SCG Cement-Building Materials, Indonesia
                             •   2020-2024
                                 Active Omni-Channel Manager, PT Kokoh Inti Arebama Tbk, Indonesia
                             •   2024-2025
                                 Director, PT Kokoh Inti Arebama Tbk, Indonesia

 Rangkap Jabatan             •   Di Perseroan:                                                   •   Di Perusahaan atau Institusi Lain:
 Concurrent Position             At the Company:                                                     At Other Companies or Institutions:
                                 Tidak merangkap jabatan di Perseroan                                Tidak merangkap jabatan di perusahaan lain
                                 No concurrent positions in the Company                              No concurrent positions in other companies

 Hubungan Afiliasi           Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi lainnya, maupun pemegang
 Affiliate Relationship      saham utama dan pengendali.
                             No affiliation with members of the Board of Commissioners, other members of the Board of Directors, nor with
                             major and controlling shareholders.

 ** Masa jabatan berakhir secara efektif pada 20 Juni 2025 berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) 2025.
 ** Term of office effectively ended on June 20, 2025, pursuant to the resolution of the 2025 Annual General Meeting of Shareholders (AGMS).




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     Perubahan Komposisi Direksi
     Changes in the Composition of the Board of Directors
     Melalui Rapat Umum Pemegang Saham Tahunan (RUPST)                      Through the Annual General Meeting of Shareholders (AGMS)
     yang diselenggarakan pada 20 Juni 2025, para pemegang                  held on June 20, 2025, the shareholders approved changes
     saham menyetujui perubahan komposisi Direksi Perseroan.                to the composition of the Company’s Board of Directors.
     Keputusan ini diambil sebagai bagian dari upaya memperkuat             This decision was made as part of efforts to strengthen the
     struktur     kepemimpinan,        meningkatkan    efektivitas          leadership structure, enhance management effectiveness,
     pengelolaan, serta menyesuaikan kebutuhan strategis                    and align with the Company’s strategic needs in addressing
     Perseroan dalam menghadapi dinamika industri dan                       industry dynamics and future business challenges. Detailed
     tantangan bisnis ke depan. Informasi perubahan Komposisi               information on the changes in the Board of Directors’
     Direksi diuraikan lebih rinci pada tabel berikut:                      composition is presented in the table below:


                                                                                    Nama/Name
                   Jabatan
                   Position                      Sebelum RUPST tanggal 20 Juni 2025             Setelah RUPST tanggal 20 Juni 2025
                                                   Before the AGMS on June 20, 2025               After the AGMS on June 20, 2025

      Direktur Utama
                                                             Warit Jintanawan                           Thichet Srisuriyon
      President Director

      Wakil Direktur Utama
                                                             Thichet Srisuriyon                       Surawit Rattanawaree
      Vice President Director

      Wakil Direktur Utama
                                                            Nipan Boonbandarn                              Pavaret Lila
      Vice President Director

      Direktur
                                                             Saran Kaitiwong                             Saran Kaitiwong
      Director

      Direktur
                                                            Kittikun Thongdejsri                       Kittikun Thongdejsri
      Director

      Direktur
                                                       Pattaraphon Charttongkum                     Pattaraphon Charttongkum
      Director

      Direktur
                                                           Sataporn Na Songkhla                                  -
      Director

      Direktur Independen
                                                           Y. Agung Kuncoro Hadi                      Y. Agung Kuncoro Hadi
      Independent Director




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Demografi Karyawan
Employee Demography
[OJK C.3]

Sebagai wujud komitmen terhadap pengelolaan SDM yang           As part of its commitment to sustainable human resource
berkelanjutan dan kepatuhan terhadap regulasi, Perseroan       management and regulatory compliance, the Company
menyajikan data demografi karyawan pada Laporan Tahunan        presents employee demographic data in this Annual Report to
ini, guna memberikan gambaran menyeluruh mengenai              provide a comprehensive overview of its workforce structure.
struktur tenaga kerja. Demografi karyawan diklasifikasikan     Employee demographics are classified by gender composition,
berdasarkan komposisi jenis kelamin, kelompok usia, jenjang    age group, education level, position, and employment status.
pendidikan, jabatan, serta status ketenagakerjaan.


Pada tahun buku 2025, jumlah karyawan Perseroan                In the 2025 fiscal year, the Company recorded a total of
tercatat sebanyak 329 orang, mengalami penurunan               329 employees, a decrease compared to 350 employees in
dibandingkan tahun sebelumnya yang berjumlah 350               the previous year. This change in workforce size has been
orang. Perubahan jumlah karyawan ini telah disesuaikan         adjusted according to organizational needs.
dengan kebutuhan organisasi.


Informasi lebih lanjut mengenai demografi karyawan Perseroan   Further information on the Company’s employee demographics
selama tiga tahun terakhir disajikan dalam tabel berikut:      over the past three years is presented in the table below:


            Tahun                             Jumlah Karyawan (tidak termasuk anggota Direksi)
             Year                       Number of Employees (excluding members of the Board of Directors)

 2023                                                                  375

 2024                                                                  350

 2025                                                                  329



Komposisi Karyawan Berdasarkan Jenis Kelamin [IDX S-01]
Employee Composition Based on Gender [IDX S-01]

      Jenis Kelamin
                                       2025                           2024                                   2023
         Gender

 Laki-laki/Male                                       275                              289                               308

 Perempuan/Female                                      54                                61                               67

 Jumlah/Total                                        329                              350                                375




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     Komposisi Karyawan Berdasarkan Jabatan [IDX S-01]
     Employee Composition Based on Position [IDX S-01]

                                                    2025                                      2024                                      2023
             Jabatan
             Position              Laki-Laki       Perempuan   Jumlah        Laki-Laki       Perempuan   Jumlah        Laki-Laki       Perempuan   Jumlah
                                     Male            Female     Total          Male            Female     Total          Male            Female     Total

     Direktur Utama
                                               1           -             1               1           -             1               1           -            1
     President Director

     Wakil Direktur Utama
                                           2               -            2            2               -            2            2               -            2
     Vice President Director

     Direktur/Director                     4               -            4            4               1            5            2               1            3

     Senior Manajer
                                           9               2            11           8               3            11           9               3        12
     Senior Manager

     Manajer/Manager                      16               5        21              17               5        22              21               7        28

     Asisten Manajer
                                          26              12        38              29              11        40              29             13         42
     Assistant Manager

     Supervisor                           67             16         83             64              19         83              67             20         87

     Staf/Staff                         157              19        176             171             23        194            182              24       206

     Jumlah/Total                       282              54       336             296              62       358             313              68       381


     Komposisi Karyawan Berdasarkan Usia [IDX S-02]
     Employee Composition Based on Age [IDX S-02]

                                                    2025                                      2024                                      2023
              Usia
              Age                  Laki-Laki       Perempuan   Jumlah        Laki-Laki       Perempuan   Jumlah        Laki-Laki       Perempuan   Jumlah
                                     Male            Female     Total          Male            Female     Total          Male            Female     Total

     >50 tahun/years old                  19               1        20              15               2        17               8               2        10

     46-50 tahun/years old                28               3        31              30               5        35              28               4        32

     41-45 tahun/years old                41               3        44             39                3        42             34                3        37

     36-40 tahun/years old                51               4        55             59                2        61              57               5        62

     31-35 tahun/years old                57             16         73              61              17        78              71             16         87

     26-30 tahun/years old               63              25         88             64              26         90             64              26         90

     20-25 tahun/years old                16               2        18              21               6        27             46               11        57

     Jumlah/Total                       275              54       329             289              61       350            308               67       375


     Komposisi Karyawan Berdasarkan Tingkat Pendidikan
     Employee Composition Based on Education Level

                                                    2025                                      2024                                      2023
       Tingkat Pendidikan
         Education Level           Laki-Laki       Perempuan   Jumlah        Laki-Laki       Perempuan   Jumlah        Laki-Laki       Perempuan   Jumlah
                                     Male            Female     Total          Male            Female     Total          Male            Female     Total

     Pascasarjana
                                           6               3            9            6               2            8            9               3        12
     Master’s Degree

     Sarjana
                                         116             39        155             122             46        168             131             45        176
     Bachelor’s Degree

     Diploma 3                            20               6        26              22               6        28              27               8        35

     SMA/High School                    125                6       131            132                7       139            134               11       145

     <SMA/<High School                     8               -            8            7               -            7            7               -            7

     Jumlah/Total                       275              54       329             289              61       350            308               67       375


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Komposisi Karyawan Berdasarkan Status Ketenagakerjaan [IDX S-04]
Employee Composition Based on Employment Status [IDX S-04]

        Status                                      2025                                       2024                                           2023
    Ketenagakerjaan               Laki-Laki     Perempuan         Jumlah      Laki-Laki       Perempuan         Jumlah       Laki-Laki       Perempuan       Jumlah
   Employment Status                Male          Female           Total        Male            Female           Total         Male            Female         Total

Tetap/Permanent                        147                37           184             141               38         179            135             35            170

Kontrak/Contract                       128                17           145             148               23           171          173             32           205

Jumlah/Total                           275                54           329             289               61        350            308              67           375




Selain uraian mengenai komposisi demografi yang telah                                  In addition to the previously presented overview of employee
disampaikan sebelumnya, Perseroan juga menyajikan                                      demographics, the Company also provides supplementary
informasi tambahan mengenai demografi karyawan tahun                                   information regarding employee demographics for 2025. This
2025. Penyajian ini dilakukan sesuai dengan ketentuan                                  presentation is made in accordance with the regulations of
Bursa Efek Indonesia (BEI) sebagai bagian dari komitmen                                the Indonesia Stock Exchange (IDX) as part of the Company’s
Perseroan dalam memastikan keterbukaan informasi kepada                                commitment to ensuring transparency of information to its
para pemangku kepentingan. Informasi rinci data tersebut                               stakeholders. Detailed data is presented in the tables below:
ditampilkan pada tabel berikut: [IDX S-01, S-02]                                       [IDX S-01, S-02]


                                                           Jumlah Karyawan Tahun 2025/Number of Employees in 2025
       Level Jabatan
       Position Level                         Laki-Laki                      Persentase                          Perempuan                        Persentase
                                                Male                         Percentage                            Female                         Percentage


Entry-level                                                     157                      57,09%                                         19                   31,19%

Mid-level                                                         93                     33,82%                                     28                       51,85%

Senior-level                                                      16                      5,87%                                         5                     9,26%

Executive-level                                                   9                       3,27%                                         2                     3,70%

Jumlah/Total                                                   275                           100%                                   54                         100%



                                                                  Level Jabatan/Position Level
   Rentang
 Usia (tahun)           Entry-level                            Mid-level                      Senior-level                    Executive-level                Jumlah
  Age Range                                                                                                                                                   Total
    (years)       Laki-Laki        Perempuan          Laki-Laki        Perempuan         Laki-Laki        Perempuan         Laki-Laki        Perempuan
                    Male             Female             Male             Female            Male             Female            Male             Female


> 54                          1                 -                 -                -                 -                -                 -                -            1

45-54                     19                    -               17             2                     7              2                   7                1       55

35-44                     52                   2               46              5                     8                1                 2                1       117

25-34                     70                  15               29             21                     1              2                   -                -       138

< 25                      15                   2                  1                -                 -                -                 -                -        18

Jumlah/Total            157                   19               93             28                 16                 5                   9            2          329




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     Informasi Pemegang Saham
     Shareholder Information
     [OJK C.3]


     Komposisi Pemegang Saham
     Shareholder Composition
     Informasi rinci komposisi pemegang saham Perseroan                          Detailed information on the Company’s                   shareholders’
     disajikan pada tabel berikut:                                               composition is presented in the table below:

                                            1 Januari 2025/January 1, 2025                        31 Desember 2025/December 31, 2025
         Pemegang Saham
           Shareholder              Jumlah Saham (lembar)          Persentase Kepemilikan       Jumlah Saham (lembar)          Persentase Kepemilikan
                                   Number of Shares (shares)       Percentage of Ownership     Number of Shares (shares)       Percentage of Ownership

      SCG Distribution
                                             888,836,488                           90.62%                888,836,488                           90.62%
      Company Limited

      Masyarakat/Public                         92,007,244                          9.38%                   92,007,244                          9.38%

      Jumlah/Total                           980,843,732                             100%                980,843,732                             100%



     Komposisi Pemegang Saham Lebih dari 5%
     Composition of Shareholders with More than 5% Ownership

                                            1 Januari 2025/January 1, 2025                        31 Desember 2025/December 31, 2025
         Pemegang Saham            Jumlah Saham           Nilai Nominal        Persentase      Jumlah Saham           Nilai Nominal        Persentase
           Shareholder                (lembar)         (Rp100/saham)(Rp)      Kepemilikan         (lembar)         (Rp100/saham)(Rp)      Kepemilikan
                                  Number of Shares        Nominal Value       Percentage of   Number of Shares        Nominal Value       Percentage of
                                      (shares)          (Rp100/share) (Rp)     Ownership          (shares)          (Rp100/share) (Rp)     Ownership

      SCG Distribution
                                   888,836,488        88,883,648,800               90.62%      888,836,488        88,883,648,800               90.62%
      Company Limited



     Komposisi Pemegang Saham Kurang dari 5%
     Composition of Shareholders with Less than 5% Ownership

                                            1 Januari 2025/January 1, 2025                        31 Desember 2025/December 31, 2025
         Pemegang Saham            Jumlah Saham           Nilai Nominal        Persentase      Jumlah Saham           Nilai Nominal        Persentase
           Shareholder                (lembar)         (Rp100/saham)(Rp)      Kepemilikan         (lembar)         (Rp100/saham)(Rp)      Kepemilikan
                                  Number of Shares        Nominal Value       Percentage of   Number of Shares        Nominal Value       Percentage of
                                      (shares)          (Rp100/share) (Rp)     Ownership          (shares)          (Rp100/share) (Rp)     Ownership

      Masyarakat/Public              92,007,244          9,200,724,400              9.38%        92,007,244          9,200,724,400              9.38%



     Kepemilikan Saham Perseroan oleh Direksi
     dan Dewan Komisaris (Secara Langsung dan Tidak Langsung)
     Share Ownership of the Company by the Board of Directors and Board of Commissioners
     (Direct and Indirect)
     Seluruh anggota Direksi dan Dewan Komisaris Perseroan,                      All members of the Company’s Board of Directors and Board
     termasuk anggota keluarganya, tidak memiliki kepemilikan                    of Commissioners, including their family members, do not
     saham Perseroan, baik secara langsung maupun tidak                          hold any shares in the Company, either directly or indirectly.
     langsung. Berdasarkan daftar pemegang saham, tidak                          Based on the shareholders’ register, there is no record of any
     terdapat catatan mengenai keterkaitan kepemilikan tidak                     indirect ownership by members of the Board of Directors or
     langsung oleh Direksi maupun Dewan Komisaris.                               Board of Commissioners.




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Klasifikasi Pemegang Saham
Shareholding Classification

                                                                      31 Desember 2025/December 31, 2025
                           Pemegang Saham
                             Shareholder                            Lembar Saham                            Persentase
                                                                       Share                                Percentage

 Institusi/Institutional

 • Lokal/Local                                                                 8,179,905                                 0.83%

 • Asing/Foreign                                                            888,841,588                                  90.62%

 Jumlah/Total                                                               897,021,493                                  91.45%


 Individu/Individual

 • Lokal/Local                                                               81,432,439                                  8.30%

 • Asing/Foreign                                                               2,389,800                                  0.25%

 Jumlah/Total                                                               83,822,239                                   8.55%



Pemegang Saham Utama dan Pengendali
Major Shareholder and Controlling Shareholder
Per 31 Desember 2025, SCG Distribution Company Limited       As of December 31, 2025, SCG Distribution Company
tercatat sebagai Pemegang Saham Utama sekaligus              Limited is recorded as the Major Shareholder and Controller
Pengendali Perseroan dengan porsi kepemilikan sebesar        of the Company, holding a 90.62% ownership stake,
90,62%, yang terdiri atas 888.836.488 lembar saham           consisting of 888,836,488 shares with a nominal value of
dengan nilai nominal mencapai Rp88.883.648.800.              Rp88,883,648,800.


Kehadiran SCG Distribution Company Limited sebagai           The presence of SCG Distribution Company Limited as the
pemegang saham pengendali mencerminkan dukungan              controlling shareholder reflects SCG’s strategic support for
strategis SCG terhadap keberlanjutan usaha Perseroan serta   the Company’s business sustainability and strengthens the
memperkuat posisi Perseroan dalam rantai pasok regional.     Company’s position within the regional supply chain.


Struktur Pemegang Saham
Shareholding Structure
Informasi lebih rinci tentang struktur pemegang saham        More detailed information about the Company’s shareholder
Perseroan pada 31 Desember 2025 disajikan dalam              structure as of December 31, 2025 is presented in the
bagan berikut:                                               following chart:




        SCG Distribution Co., Ltd.                                                        Masyarakat/Public


                    90.62%                                                                          9.38%


                                             PT Kokoh Inti Arebama Tbk



                                                         99.9%                          Masyarakat/Individual

                                                                                                     0.1%
                                            PT Karya Makmur Kreasi Prima




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     Penerima Manfaat Akhir dalam Kepemilikan Saham (Beneficial Owner)
     Beneficial Owner of Shares
     Berdasarkan komposisi kepemilikan saham Perseroan,                   Based on the composition of the Company’s shareholding
     pihak yang tercatat sebagai penerima manfaat akhir                   composition, the party recorded as the beneficial owner as of
     (beneficial owner) per tanggal 31 Desember 2025 adalah               December 31, 2025 is Wiroat Rattanachaisit.
     Wiroat Rattanachaisit.




     Entitas Anak, Entitas Asosiasi,
     dan Perusahaan Ventura Bersama
     Subsidiaries, Associates, and Joint Ventures

     Pada akhir tahun buku 2025, Perseroan tercatat hanya                 As of the end of the 2025 fiscal year, the Company recorded
     memiliki satu entitas anak dan tidak memiliki entitas asosiasi       only one subsidiary and did not have any associated entity or
     maupun perusahaan ventura bersama. Informasi mengenai                joint venture company. Information regarding the subsidiary
     entitas anak tersebut disajikan pada tabel berikut:                  is presented in the table below:


                                                   PT Karya Makmur Kreasi Prima
      Bidang Usaha               Perdagangan Eceran                      Status Operasional    Beroperasi
      Line of Business           Retail Trading                          Operational Status    Operating

      Kepemilikan Saham                                                  Alamat                Graha Mobisel, Lt.3/ 3rd Floor
                                 PT Kokoh Inti Arebama Tbk     : 99.9%
      Share Ownership                                                    Address               Jl. Buncit Raya No.139
                                                                                               Kalibata, Pancoran
      Total Aset                                                                               Jakarta Selatan/South Jakarta – 12740
                                 Rp7,442 juta/million
      Total Assets




     Kronologis Pencatatan Saham
     Share Listing Chronology
     Informasi mengenai kronologis pencatatan saham Perseroan            Information on the Company’s share listing chronology since
     sejak awal Penawaran Umum Perdana sampai dengan saat                the beginning of the Initial Public Offering until now has been
     ini telah dimuat pada bagian “Riwayat Singkat Perusahaan”           presented in the “Brief History of the Company” section in
     di bab ini. Sepanjang tahun buku 2025, Perseroan tidak              this chapter. During the financial year 2025, the Company
     melakukan aksi korporasi seperti pemecahan saham,                   conducted no corporate actions such as stock splits, stock
     penggabungan saham, atau perubahan nilai nominal saham.             mergers, or share par value changes.




     Informasi Pencatatan Efek Lainnya
     Information on Other Securities Listing
     Dalam rangka memenuhi ketentuan pelaporan, Perseroan                 In order to comply with reporting requirements, the Company
     menyampaikan bahwa hingga akhir tahun buku 2025 tidak                hereby states that, up to the end of the 2025 financial
     terdapat pencatatan efek lain selain saham yang beredar.             year, there were no other securities listed apart from the
     Dengan demikian, tidak ada informasi tambahan mengenai               outstanding shares. Therefore, no additional information
     pencatatan efek lainnya yang wajib dimuat dalam Laporan              regarding other securities listings is required to be included
     Tahunan 2025.                                                        in the 2025 Annual Report.


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Informasi Akuntan Publik
dan Kantor Akuntan Publik
Information on Public Accountant and Public Accounting Firm
Rapat Umum Pemegang Saham Tahunan (RUPST) yang                          The Annual General Meeting of Shareholders (AGMS)
diselenggarakan tanggal 20 Juni 2025, telah menyetujui                  held on June 20, 2025, approved the appointment of the
penunjukan Akuntan Publik dan Kantor Akuntan Publik untuk               Public Accountant and Public Accounting Firm to audit the
memeriksa Laporan Keuangan Perseroan untuk tahun buku                   Company’s Financial Statements for the fiscal year ended
yang berakhir pada tanggal 31 Desember 2025. Penunjukan                 December 31, 2025. This appointment was made based on the
ini dilakukan atas dasar usulan Dewan Komisaris dengan                  recommendation of the Board of Commissioners, taking into
mempertimbangkan rekomendasi Komite Audit, sebagai                      account the Audit Committee’s advice, as part of the Company’s
wujud komitmen Perseroan dalam menjaga transparansi,                    commitment to maintain transparency, accountability, and
akuntabilitas, serta kepatuhan terhadap peraturan yang berlaku.         compliance with applicable regulations. Detailed information
Informasi lebih rinci mengenai Akuntan Publik dan Kantor                regarding the appointed Public Accountant and Public
Akuntan Publik yang ditunjuk tercantum dalam tabel berikut:             Accounting Firm is presented in the table below:

 Nama Kantor Akuntan Publik (KAP)          Siddharta Widjaja dan Rekan
 Name of Public Accounting Firm (KAP)      (Anggota dari KPMG Internasional/Member of KPMG International)

 Nama Akuntan Publik (AP)
                                           Grace Prativi Widjaja
 Name of Public Accountant (AP)

 Alamat                                    Jakarta Mori Tower Lt. 35 | 35th Floor
 Address                                   Jl. Jend. Sudirman Kav. 40-41, Jakarta – 10210

 Periode Penugasan                         Tahun buku 2025 (Periode ke 6)
 Assignment Period                         Fiscal Year 2025 (Period 6)

                                           Jasa Audit/Audit Services
                                           Audit Laporan Keuangan Konsolidasian Tahun Buku 2025
 Jasa yang Diberikan                       Audit of Consolidated Financial Statements for the 2025 Fiscal Year
 Services Provided                         Jasa Non Audit/Non-Audit Services
                                           Tidak memberikan jasa non-audit
                                           Did not provide non-audit services

 Biaya Jasa
                                           Rp725 juta/million
 Service Fees




Lembaga dan/atau Profesi
Penunjang Pasar Modal Lainnya
Other Capital Market Supporting Institutions and/or Professions

                    Biro Administrasi Efek                                                           Notaris
                Securities Administration Bureau                                                     Notary

                   PT Adimitra Jasa Korpora                                          Sri Hidianingsih Adi Sugijanto, S.H.
    Kirana Boutique Office, Jl. Kirana Avenue III Blok F3 No. 5                Ruko Sentra Bisnis Tanjung Duren Blok C No. 3A
       Kelapa Gading, Jakarta Utara/North Jakarta – 14250                Jl. Tanjung Duren Raya, Jakarta Barat/West Jakarta – 11470
                       +62 (21) 2974 5222                                                     +62 (21) 5689278




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     04
     Analisis dan
     Pembahasan
     Manajemen
     Management Discussion
     and Analysis
     Sinergi segmen usaha dan komitmen
     keberlanjutan mengarahkan Perseroan
     pada ketahanan dan pertumbuhan yang
     berkesinambungan. Langkah ini sekaligus
     menegaskan fokus Perseroan dalam membangun
     nilai jangka panjang di tengah dinamika industri.
     Synergy of business segments and sustainability commitment
     guided the Company toward resilience and continuous growth.
     This also reaffirmed the Company’s focus on creating long-
     term value amid industry dynamics.




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                                     ANALISIS DAN PEMBAHASAN MANAJEMEN
                                     Management Discussion and Analysis




     Tinjauan Operasi per Segmen Usaha
     Review of Operations by Business Segment

     Perseroan menjalankan kegiatan usaha melalui dua segmen           The Company conducts its business activities through two
     utama, yaitu segmen distribusi atau perdagangan besar             main segments, namely the building materials distribution
     bahan bangunan serta segmen ritel bahan bangunan                  (wholesale) segment and the building materials retail
     yang dijalankan melalui jaringan gerai Belanja Keramik            segment, which is operated through the Belanja Keramik
     dan platform Mitraruma. Melalui pembagian segmen ini,             store network and the Mitraruma platform. Through this
     Perseroan dapat memantau perkembangan operasional,                segmentation, the Company is able to monitor operational
     mengevaluasi kinerja keuangan, serta mengidentifikasi             developments, evaluate financial performance, and identify
     peluang pertumbuhan dari masing-masing lini usaha secara          growth opportunities within each business line in a more
     lebih terfokus.                                                   focused manner.


     Pada bagian tinjauan operasi per segmen usaha ini,                In this section on the review of operations by business
     Perseroan menyajikan gambaran mengenai perkembangan               segment, the Company presents an overview of business
     aktivitas bisnis, dinamika pasar, serta kontribusi kinerja dari   activities, market dynamics, and the performance contribution
     setiap segmen usaha sepanjang tahun 2025.                         of each segment throughout 2025.


     Distributor
     Distribution
     Kegiatan usaha sebagai distributor bahan bangunan                 The Company’s business activities as a distributor of building
     dijalankan Perseroan dengan fokus utama pada distribusi           materials primarily focus on the distribution of ceramic
     produk keramik yang diproduksi oleh PT Keramika Indonesia         products manufactured by PT Keramika Indonesia Assosiasi
     Assosiasi Tbk dan PT KIA Keramik Mas, yang dipasarkan             Tbk and PT KIA Keramik Mas, which are marketed under the
     dengan merek KIA dan Impresso.                                    KIA and Impresso brands.


     Sejak bergabung dalam kelompok usaha Siam Cement                  Since becoming part of the Siam Cement Group (SCG) in
     Group (SCG) pada tahun 2011, Perseroan secara bertahap            2011, the Company has progressively expanded its product
     memperluas portofolio produk yang didistribusikan                 portfolio by incorporating a wide range of building materials
     dengan menambahkan berbagai produk bahan bangunan                 from SCG entities. This initiative has strengthened the
     dari entitas-entitas SCG. Langkah ini memperkuat posisi           Company’s position as a building materials distributor offering
     Perseroan sebagai distributor bahan bangunan yang                 comprehensive product solutions to customers across various
     menyediakan beragam solusi produk bagi pelanggan di               regions in Indonesia.
     berbagai wilayah Indonesia.


     Didukung oleh jaringan distribusi yang tersebar di berbagai       Supported by a distribution network spanning multiple
     daerah, Perseroan menyalurkan berbagai produk bahan               regions, the Company distributes a wide range of building
     bangunan yang diproduksi oleh perusahaan-perusahaan               materials produced by SCG companies operating in Indonesia,
     SCG yang beroperasi di Indonesia, Thailand, maupun                Thailand, and other countries. This distribution network
     negara lainnya. Jaringan distribusi tersebut menjadi salah        serves as a key factor in ensuring product availability while
     satu faktor penting dalam menjaga ketersediaan produk             expanding the Company’s market reach.
     sekaligus meningkatkan jangkauan pasar Perseroan.


     Adapun produk yang didistribusikan oleh Perseroan meliputi:       The products distributed by the Company include:
     • Keramik lantai, keramik dinding, dan genteng keramik            • Floor tiles, wall tiles, and ceramic roof tiles
        yang diproduksi oleh PT Keramika Indonesia Assosiasi              manufactured by PT Keramika Indonesia Assosiasi Tbk
        Tbk dan PT KIA Keramik Mas                                        and PT KIA Keramik Mas
     • Readymix dari PT SCG Readymix Indonesia                         • Ready-mix concrete from PT SCG Readymix Indonesia
     • Bata ringan dari PT SCG Lightweight Concrete Indonesia          • Lightweight concrete blocks from PT SCG Lightweight
                                                                          Concrete Indonesia
     •   Pipa dan beton pracetak dari PT SCG Pipe and Precast          • Pipes and precast concrete from PT SCG Pipe and
         Indonesia                                                        Precast Indonesia
     •   Semen dari PT Semen Jawa                                      • Cement from PT Semen Jawa
     •   Granit, sanitary ware, keran air, serta produk vinyl impor    • Imported granite, sanitary ware, faucets, and vinyl products


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Melalui portofolio produk yang beragam tersebut,          Through this diversified product portfolio, the Company aims
Perseroan berupaya memenuhi kebutuhan pasar bahan         to meet the evolving demand of the building materials market
bangunan yang terus berkembang sekaligus memperkuat       while strengthening its position as an integrated building
posisinya sebagai salah satu distributor bahan bangunan   materials distributor in Indonesia.
yang terintegrasi di Indonesia.


Jaringan Distribusi Perseroan
The Company’s Distribution Network


                                     Bisnis Keramik | Ceramic Business




         Pabrik                   Gudang Keramik                   Toko/Agen                              Penjualan Lokal
         Factory                 Ceramic Warehouse                 Shop/Agent                               Local Sales
                                                                 Belanja Keramik                        Pelanggan/End User




                               Langsung ke Pelabuhan
                                   Direct to Port
                                   Ekspor/Export



                           Bisnis Bahan Bangunan | Building Material Business

      Pipe & Precast                 Readymix               Semen*                                          Bata Ringan
                                                                                    Mortar
                                                            Cement                                      Lightweight Concrete




         Pabrik                       Batching                          Pabrik                                  Pabrik
         Factory                       Plant                            Factory                                 Factory




         Proyek                       Proyek               Proyek                  Gudang                     Pelanggan
         Projects                     Projects             Projects                 Dealer/                   Cuatomers
                                                                                  Distributor
                                                                                    Dealer/
                                                                                  Distributor
                                                                                  Warehouse




                                                          *sekitar 80-90%
                                                          dari seluruh proses
                                                          transaksi semen
                                                          about 80-90% of all
                                                          cement transaction
                                                          processes               Toko-toko
                                                                                    Retail
                                                                                 Retail Stores




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                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                    Management Discussion and Analysis




     Tinjauan Operasional Segmen
     Distributor Tahun 2025
     Distribution Segment Operational Review in 2025

     Berdasarkan data Badan Pusat Statistik (BPS), sektor             Based on data from Statistics Indonesia (BPS), the
     konstruksi tetap menjadi salah satu kontributor penting          construction sector remained one of the key contributors
     dalam perekonomian Indonesia pada 2025 dengan                    to Indonesia’s economy in 2025, accounting for 9.83% of
     kontribusi sebesar 9,83% terhadap Produk Domestik Bruto          Gross Domestic Product (GDP). This sector continued to rank
     (PDB). Sektor ini menjadi salah satu dari lima lapangan          among the five major industries dominating the national
     usaha utama yang mendominasi struktur ekonomi nasional           economic structure, alongside manufacturing, wholesale
     bersama industri pengolahan, perdagangan besar dan               and retail trade, agriculture, and mining. The role of the
     eceran, pertanian, serta pertambangan. Peran sektor              construction sector reflects ongoing development activities
     konstruksi tersebut mencerminkan masih berlangsungnya            across various regions, which in turn supported demand for
     aktivitas pembangunan di berbagai wilayah, yang pada             building materials and construction-related products.
     gilirannya turut mendorong permintaan terhadap material
     dan produk bahan bangunan.


     Sejalan dengan perkembangan sektor konstruksi, Survei            In line with developments in the construction sector, Bank
     Harga Properti Residensial (SHPR) Bank Indonesia                 Indonesia’s Residential Property Price Survey (SHPR)
     menunjukkan bahwa harga properti residensial di pasar            indicates that residential property prices in the primary
     primer sepanjang 2025 mengalami pertumbuhan yang                 market recorded relatively modest growth throughout
     relatif terbatas. Indeks Harga Properti Residensial (IHPR)       2025. The Residential Property Price Index (RPPI) grew by
     tercatat tumbuh sebesar 1,07% (yoy) pada triwulan I 2025,        1.07% year-on-year (yoy) in the first quarter of 2025, before
     kemudian melambat menjadi 0,90% pada triwulan II dan             moderating to 0.90% in the second quarter and 0.84% in
     0,84% pada triwulan III, serta relatif stabil pada triwulan IV   the third quarter, and remained relatively stable in the
     dengan pertumbuhan sebesar 0,83% (yoy).                          fourth quarter at 0.83% (yoy).


     Dari sisi penjualan, pasar properti residensial mengalami        In terms of sales, the residential property market
     dinamika sepanjang tahun. Penjualan sempat mencatatkan           experienced fluctuations during the year. Sales recorded
     pertumbuhan pada awal tahun, namun mengalami kontraksi           growth at the beginning of the year, contracted in the
     pada pertengahan tahun sebelum kembali meningkat pada            mid-year period, and rebounded in the fourth quarter with
     triwulan IV sebesar 7,83% (yoy). Peningkatan tersebut            growth of 7.83% (yoy). This improvement was primarily
     terutama didorong oleh pertumbuhan penjualan rumah tipe          driven by increased sales of small and medium-sized
     kecil dan menengah, sementara penjualan rumah tipe besar         housing units, while sales of large houses continued to
     masih menunjukkan tren kontraksi.                                show a contraction trend.


     Sementara itu, dari sisi harga bahan bangunan, data BPS          Meanwhile, from a building materials pricing perspective,
     menunjukkan bahwa Indeks Harga Perdagangan Besar                 BPS data shows that the Wholesale Price Index (WPI) for
     (IHPB) Kelompok Bangunan/Konstruksi pada Desember                the Building/Construction Group increased by 2.06% (yoy)
     2025 meningkat sebesar 2,06% (yoy), dengan indeks naik           in December 2025, with the index rising from 101.26 in
     dari 101,26 pada Desember 2024 menjadi 103,35 pada               December 2024 to 103.35 in December 2025. This increase
     Desember 2025. Kenaikan ini mencerminkan peningkatan             reflects rising prices across various types of construction,
     harga pada berbagai jenis bangunan, dengan pertumbuhan           with the highest growth recorded in residential and non-
     tertinggi terjadi pada kelompok bangunan tempat tinggal          residential building categories at 2.91%.
     dan bukan tempat tinggal sebesar 2,91%.


     Dari sisi material konstruksi, beberapa bahan bangunan           From a construction materials standpoint, several materials
     mengalami kenaikan harga secara tahunan, antara lain             experienced annual price increases, including aluminum
     kerangka/kusen/pintu/jendela aluminium yang meningkat            frames/doors/windows, which rose by 12.63%, gravel
     12,63%, kerikil 11,58%, sirtu (pasir batu) 9,19%, serta          by 11.58%, sand and gravel mix (sirtu) by 9.19%, as well
     batu pecahan dan pasir yang juga mencatatkan kenaikan.           as crushed stone and sand. On the other hand, certain
     Sebaliknya, beberapa material seperti baja tulangan, aspal,      materials such as reinforcing steel, asphalt, zinc sheets,
     lembaran seng, dan paku mengalami penurunan harga                and nails recorded limited price declines. On a monthly
     secara terbatas. Secara bulanan, beberapa material juga          basis, several materials also posted price increases in


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mencatatkan kenaikan harga pada Desember 2025, antara                       December 2025, including crushed stone (2.15%), sand
lain batu pecahan yang meningkat 2,15%, pasir 1,21%, dan                    (1.21%), and bricks (3.18%).
batu bata 3,18%.


Secara keseluruhan, perkembangan sektor konstruksi                          Overall, the continued significance of the construction
yang tetap berperan signifikan dalam perekonomian                           sector in the national economy, coupled with relatively
nasional, pertumbuhan harga properti residensial yang                       modest residential property price growth and moderate
relatif terbatas, serta pergerakan harga bahan bangunan                     increases in building material prices, indicates that
yang meningkat secara moderat menunjukkan bahwa                             development activities persisted throughout 2025.
aktivitas pembangunan masih berlangsung sepanjang                           However, the dynamics in the property and construction
2025. Meskipun demikian, dinamika di sektor properti dan                    sectors suggest that demand for building materials
konstruksi tersebut mencerminkan bahwa permintaan                           recovered gradually and has not yet fully rebounded,
terhadap bahan bangunan bergerak secara bertahap dan                        thereby affecting the performance of businesses in the
belum sepenuhnya pulih, sehingga mempengaruhi kinerja                       construction materials distribution sector.
pelaku usaha di sektor distribusi material konstruksi.




Kinerja Keuangan Segmen
Distributor Tahun 2025
Distribution Segment Financial Performance in 2025

Untuk memberikan gambaran mengenai kinerja operasional                      To provide an overview of the operational performance
segmen distributor, Perseroan menyajikan ringkasan                          of the distribution segment, the Company presents a
kinerja keuangan segmen ini yang mencakup penjualan,                        summary of its financial performance, including revenues,
beban pokok penjualan, dan laba kotor pada tahun 2025                       cost of goods sold, and gross profit for 2025 compared to
dibandingkan dengan tahun sebelumnya.                                       the previous year.


(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                                  Distributor/Distributor                                               2025                       2024

 Penjualan/Sales                                                                                            2,973,247                   2,905,220

 Beban Pokok Penjualan/Cost of Sales                                                                      (2,768,029)                   (2,713,119)

 Laba Bruto/Gross Profit                                                                                      205,218                      192,101



Pada tahun 2025, segmen distributor tetap menjadi                           In 2025, the distribution segment remained the largest
kontributor terbesar terhadap total penjualan Perseroan                     contributor to the Company’s total revenues, accounting
dengan kontribusi sebesar 93,07% dari keseluruhan                           for 93.07% of overall sales. This segment recorded
penjualan. Segmen ini mencatatkan penjualan sebesar                         revenues of Rp2.97 trillion, with cost of goods sold
Rp2,97 triliun dengan beban pokok penjualan sebesar                         amounting to Rp2.77 trillion. Compared to 2024, which
Rp2,77 triliun. Dibandingkan dengan tahun 2024 yang                         recorded revenues of Rp2.91 trillion and cost of goods
mencatat penjualan sebesar Rp2,91 triliun dan beban pokok                   sold of Rp2.71 trillion, the segment’s sales performance
penjualan sebesar Rp2,71 triliun, kinerja penjualan pada                    in 2025 reflected a decline in line with the dynamics of
tahun 2025 menunjukkan penurunan yang sejalan dengan                        demand in the building materials market.
dinamika permintaan pasar bahan bangunan.


Meskipun penjualan mengalami penurunan, Perseroan                           Despite the decline in revenues, the Company was able to
mampu meningkatkan kinerja profitabilitas pada segmen                       improve profitability within this segment. Gross profit from
ini. Laba kotor segmen distributor pada tahun 2025 tercatat                 the distribution segment in 2025 amounted to Rp205.21
sebesar Rp205,21 juta, meningkat dibandingkan dengan                        billion, representing an increase compared to the previous
tahun sebelumnya. Peningkatan laba kotor tersebut                           year. This improvement in gross profit was supported by the


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                                       ANALISIS DAN PEMBAHASAN MANAJEMEN
                                       Management Discussion and Analysis




     didukung oleh upaya Perseroan dalam mengelola biaya                         Company’s efforts to enhance cost efficiency, optimize its
     secara lebih efisien, mengoptimalkan portofolio produk,                     product portfolio, and strengthen the effectiveness of its
     serta memperkuat efektivitas proses distribusi.                             distribution processes.


     Dengan kontribusi yang signifikan terhadap total penjualan                  With its significant contribution to the Company’s overall
     Perseroan, segmen distributor tetap menjadi salah satu pilar                revenues, the distribution segment remains one of the key
     utama dalam mendukung kinerja operasional Perseroan                         pillars supporting the Company’s operational performance,
     sekaligus menjaga keberlanjutan pertumbuhan usaha di                        while also sustaining business growth amid the evolving
     tengah dinamika pasar bahan bangunan.                                       dynamics of the building materials market.


     Selain ditinjau dari sisi kinerja keuangan, Perseroan juga                  In addition to financial performance, the Company also
     memantau kontribusi penjualan berdasarkan jenis produk                      monitors sales contributions by product category. This
     yang didistribusikan. Komposisi tersebut mencerminkan                       composition reflects the diversity of the Company’s building
     keberagaman portofolio produk bahan bangunan yang                           materials product portfolio, as well as the contribution of
     dipasarkan oleh Perseroan serta kontribusi masing-masing                    each product category to the total sales of the distribution
     kategori produk terhadap total penjualan segmen distributor                 segment in 2025.
     pada tahun 2025.


     (Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                                           Penjualan/Sales                                              2025                   2024

      Semen/Cement                                                                                           994,515               875,934

      Semen Beton/Cement Concrete                                                                             772,212               778,431

      Keramik/Ceramic                                                                                         807,019              708,746

      Bebatuan/Clinker                                                                                       300,596                213,055

      Granito/Granite                                                                                          108,142             264,395

      Pipa dan Beton/Pipe and Precast                                                                          89,284                 172,061

      Bata Ringan/Lightweight Concrete                                                                         32,983                 54,167

      Barang Sanitasi/Sanitary Ware                                                                            66,418                 48,315

      Lain-lain/Others                                                                                         23,514                 19,539

      Jumlah/Total                                                                                         3,194,683             3,134,643


     Berdasarkan tabel di atas, penjualan segmen distributor                     Based on the table above, the Company’s distribution
     Perseroan didominasi oleh produk semen dan semen beton                      segment sales were predominantly driven by cement
     yang secara konsisten memberikan kontribusi terbesar                        and ready-mix concrete products, which consistently
     terhadap total penjualan. Produk keramik juga tetap menjadi                 contributed the largest share to total sales. Ceramic
     salah satu kategori utama dalam portofolio Perseroan,                       products also remained one of the key categories within the
     sejalan dengan fokus distribusi produk keramik dari entitas                 Company’s portfolio, in line with its focus on distributing
     dalam kelompok usaha.                                                       ceramic products from affiliated entities within the group.




     Strategi Pemasaran
     Marketing Strategy
     Sejalan dengan tinjauan operasional segmen distributor,                     In line with the operational review of the distribution
     pada tahun 2025 Perseroan terus memperkuat kerja sama                       segment, in 2025 the Company continued to strengthen
     dengan berbagai mitra strategis, termasuk kontraktor utama,                 its collaboration with various strategic partners, including
     pengembang, serta instansi pemerintah, untuk memastikan                     main contractors, developers, and government institutions,




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ketersediaan produk bahan bangunan berkualitas tinggi           to ensure the availability of high-quality building materials
dan mendukung kelancaran proyek-proyek infrastruktur            and to support the smooth execution of large-scale
berskala besar.                                                 infrastructure projects.


Perseroan juga meningkatkan distribusi produk unggulan          The Company also enhanced the distribution of its flagship
melalui jaringan toko dan mitra penjual di seluruh Indonesia.   products through its network of stores and sales partners
Untuk mempertahankan hubungan yang kuat dengan distributor      across Indonesia. To maintain strong relationships with
dan agen, Perseroan secara berkala menyelenggarakan             distributors and agents, the Company regularly organized
kegiatan Customers Gathering serta memperkenalkan produk-       customer gathering events and introduced new products
produk terbaru dari merek KIA dan SCG.                          under the KIA and SCG brands.


Selain itu, Perseroan melanjutkan program insentif bagi         In addition, the Company continued its incentive programs
distributor yang mencapai target penjualan, termasuk            for distributors who achieved sales targets, including
potongan harga, hadiah barang, maupun program liburan           discounts, merchandise rewards, and incentive trips, aimed
untuk meningkatkan motivasi dan loyalitas. Perseroan juga       at enhancing motivation and loyalty. The Company also
aktif memperluas jaringan distribusi dengan menjalin kerja      actively expanded its distribution network by establishing
sama dengan toko-toko baru di wilayah yang belum terjangkau,    partnerships with new retail outlets in previously untapped
guna memperkuat penetrasi pasar dan memastikan                  areas, in order to strengthen market penetration and ensure
ketersediaan produk di seluruh wilayah operasional.             product availability across all operational regions.




Pangsa Pasar
Market Share
Perseroan terus memperkuat pangsa pasar di sektor bahan         The Company continued to strengthen its market share
bangunan nasional, yang pada tahun 2025 diperkirakan            in the national building materials sector, which in 2025
mencapai sekitar 4% untuk segmen keramik dari total             was estimated to reach approximately 4% for the ceramic
pasar. Pencapaian ini didorong oleh distribusi produk-          segment, out of the total market. This achievement was
produk unggulan Perseroan kepada berbagai segmen                supported by the distribution of the Company’s flagship
pelanggan, antara lain:                                         products across various customer segments, including:
• Pedagang grosir: Perseroan membangun kemitraan                • Wholesale traders: The Company established strategic
  strategis dengan pedagang grosir untuk memastikan produk         partnerships with wholesalers to ensure broad product
  tersalurkan secara luas ke seluruh wilayah Indonesia.            distribution across Indonesia.
• Toko bahan bangunan: Perseroan menjalin kerja sama            • Building materials retailers: The Company collaborated
  dengan jaringan toko bahan bangunan guna menjangkau              with building materials stores to effectively reach retail
  konsumen ritel secara efektif.                                   consumers.
• Supermarket bahan bangunan: Perseroan memperluas              • Building materials supermarkets: The Company
  akses produk melalui supermarket bahan bangunan                  expanded product accessibility through its own building
  miliknya, meningkatkan ketersediaan produk bagi                  materials supermarket network, enhancing product
  konsumen ritel.                                                  availability for retail customers.
• Proyek konstruksi: Perseroan mendukung berbagai               • Construction projects: The Company supported various
  proyek konstruksi, baik di sektor swasta maupun                  construction projects, both in the private and public
  pemerintah, dengan menyediakan produk unggulan yang              sectors, by supplying high-quality products that meet
  sesuai standar proyek.                                           project standards.
• Kontraktor: Perseroan menjalin kemitraan dengan               • Contractors: The Company partnered with contractors to
  kontraktor untuk mendukung pembangunan proyek                    support project development with high-quality materials,
  dengan produk berkualitas tinggi, memperkuat posisi              strengthening its position as a preferred supplier.
  Perseroan sebagai pemasok pilihan utama.


Melalui strategi distribusi yang menyeluruh dan kemitraan       Through a comprehensive distribution strategy and
yang terintegrasi, Perseroan menargetkan pertumbuhan            integrated partnerships, the Company aims to achieve
pangsa pasar yang berkelanjutan di seluruh segmen               sustainable market share growth across all customer
pelanggan pada tahun 2025.                                      segments in 2025.




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                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                    Management Discussion and Analysis




     Ritel
     Retail
     Perseroan terus mengembangkan segmen usaha ritel yang           The Company continues to develop its retail business
     dimulai sejak perolehan Izin Prinsip Perluasan dari Kepala      segment, which was initiated following the issuance of the
     Badan Koordinasi Penanaman Modal (BKPM) Republik                Expansion Principle License by the Indonesia Investment
     Indonesia pada tahun 2017, yang diwujudkan melalui              Coordinating Board (BKPM) in 2017, marked by the opening
     pembukaan gerai pertama Belanja Keramik di Cileungsi,           of its first Belanja Keramik store in Cileungsi, West Java.
     Jawa Barat. Pengembangan ini mencerminkan komitmen              This development reflects the Company’s commitment to
     Perseroan untuk memperluas jangkauan pasar serta                expanding its market reach and providing broader access for
     memberikan akses lebih luas bagi konsumen ritel terhadap        retail consumers to high-quality building materials.
     produk-produk bahan bangunan berkualitas tinggi.


     Hingga tahun 2025, Perseroan mengoperasikan dua jenis           As of 2025, the Company operates two main retail formats,
     toko ritel utama, yaitu Belanja Keramik dan Mitraruma,          namely Belanja Keramik and Mitraruma, which are designed
     yang dirancang untuk melayani beragam segmen pasar dan          to serve diverse market segments and comprehensively meet
     memenuhi kebutuhan konsumen ritel secara menyeluruh.            the needs of retail customers.


     Belanja Keramik merupakan supermarket bahan bangunan            Belanja Keramik operates as a building materials supermarket
     yang menawarkan produk berkualitas tinggi, mulai dari           offering high-quality products, ranging from floor and wall
     keramik lantai dan dinding, granit, hingga kloset, wastafel,    tiles, granite, sanitary ware such as toilets and washbasins,
     keran air (fittings), dan pelapis lantai vinyl (LVT dan SPC     faucets (fittings), to vinyl flooring (including LVT and SPC
     flooring). Gerai Belanja Keramik tersebar di berbagai wilayah   flooring). Belanja Keramik stores are located across various
     di Indonesia dan didukung oleh platform e-commerce untuk        regions in Indonesia and are supported by an e-commerce
     menghadirkan pengalaman belanja yang mudah dan nyaman           platform to provide a convenient and seamless shopping
     dari mana saja.                                                 experience from anywhere.


     Mitraruma menyediakan solusi satu pintu untuk kebutuhan         Mitraruma offers a one-stop solution for home interior needs,
     interior rumah, termasuk produk kitchen set dan cabinetry       including premium kitchen sets and cabinetry products, as
     premium, serta layanan desain interior yang dapat               well as personalized interior design services. In addition to its
     dipersonalisasi. Selain fokus pada online marketplace           focus on online marketplace and e-retail business, Mitraruma
     dan e-retail business, Mitraruma telah memperluas               has expanded its presence by establishing showrooms in
     jangkauannya dengan mendirikan showroom di lokasi-lokasi        strategic locations across Indonesia to enhance customer
     strategis di Indonesia untuk meningkatkan pengalaman dan        experience and satisfaction.
     kepuasan pelanggan.


     BELANJA KERAMIK                                                 BELANJA KERAMIK
     Per 31 Desember 2025, Perseroan mengoperasikan 20 gerai         As of December 31, 2025, the Company operated 20 Belanja
     Belanja Keramik yang tersebar di wilayah Bogor, Depok,          Keramik stores located in Bogor, Depok, Tangerang, Bekasi,
     Tangerang, Bekasi, Cilegon, Surabaya, Kota Batu, dan            Cilegon, Surabaya, Batu City, and Malang. These stores offer a
     Malang. Gerai-gerai ini menyediakan berbagai produk bahan       wide range of building materials products from both local and
     bangunan dari merek lokal dan internasional, termasuk KIA,      international brands, including KIA, Prime, and Cotto.
     Prime, dan Cotto.




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Dengan konsep supermarket, pelanggan dapat langsung            With a supermarket-style concept, customers can directly
memilih produk, berkonsultasi dengan staf mengenai             select products, consult with staff regarding material types,
jenis material, ukuran, ketersediaan stok, serta melakukan     sizes, and stock availability, and make payments on the
pembayaran secara langsung. Untuk pembelian dalam              spot. For bulk purchases, the Company also offers a delivery
jumlah besar, Perseroan juga menyediakan layanan               service for the convenience of customers.
pengiriman yang memudahkan konsumen.


Perseroan terus mengintegrasikan teknologi informasi           The Company continues to integrate information technology
untuk meningkatkan kualitas pelayanan di gerai Belanja         to improve service quality at Belanja Keramik outlets. Through
Keramik. Melalui situs resmi www.belanjakeramik.com,           the official website www.belanjakeramik.com, customers can
pelanggan dapat mengakses produk bahan bangunan                access building materials online and make purchases easily.
secara online dan melakukan pembelian dengan mudah.            The delivery process is managed internally by a competent
Proses pengiriman dikelola secara internal oleh tim yang       team to ensure products arrive on time.
kompeten untuk memastikan produk sampai tepat waktu.


Sebagai bagian dari inisiatif digitalisasi, Perseroan telah    As part of its digitalization initiative, the Company has
memperbarui fitur penghitungan luas area (m 2) untuk           updated the area calculation (sqm) feature for floor and wall
produk keramik lantai dan dinding, serta memperluas            tile products and expanded the use of the “Belanja Keramik
penggunaan aplikasi “Augmented Reality (AR) Belanja            Augmented Reality (AR)” app. This app allows customers
Keramik”.   Aplikasi   ini    memungkinkan       pelanggan     to virtually simulate tile installation in their home interiors,
menyimulasikan pemasangan keramik secara virtual di            making it easier to select suitable products and determine
interior rumah, sehingga memudahkan pemilihan produk           the correct quantity.
yang sesuai dan menentukan jumlah yang tepat.


Selain itu, Belanja Keramik memperluas kanal penjualannya      In addition, Belanja Keramik is expanding its sales channels
melalui platform e-commerce seperti Tokopedia, untuk           through e-commerce platforms such as Tokopedia to reach
menjangkau lebih banyak konsumen dan mempermudah               more consumers and make online shopping more accessible.
akses belanja online. Inisiatif ini mendukung pertumbuhan      This initiative supports retail sales growth and strengthens
penjualan ritel dan memperkuat posisi Perseroan dalam          the Company’s position in the building materials market.
pasar bahan bangunan.


MITRARUMA                                                      MITRARUMA
Sejak didirikan pada 2020, Mitraruma telah berkembang          Since its establishment in 2020, Mitraruma has evolved into
menjadi platform layanan renovasi rumah menyeluruh,            a comprehensive home renovation service platform, offering
menyediakan solusi mulai dari desain interior, konstruksi      solutions ranging from interior design and light construction
ringan, hingga pemasangan kitchen set, kanopi, dan furnitur.   to the installation of kitchen sets, canopies, and furniture.
Semua layanan dapat diakses secara digital melalui situs       All services are accessible digitally via the official website
resmi www.mitraruma.com, memungkinkan pelanggan dari           www.mitraruma.com, enabling customers across Indonesia to
seluruh Indonesia untuk memulai proyek renovasi dengan         easily initiate their renovation projects.
mudah.


Hingga tahun 2025, Mitraruma memiliki 2 showroom               As of 2025, Mitraruma operates two showrooms located
yang berlokasi di wilayah strategis Jabodetabek.               in strategic areas within the Greater Jakarta region. These
Kehadiran showroom ini memungkinkan pelanggan untuk            showrooms allow customers to consult directly, evaluate
berkonsultasi secara langsung, mengevaluasi material, dan      materials, and plan renovations with professional guidance.
merencanakan renovasi dengan panduan profesional.


Fokus utama Mitraruma adalah menghadirkan kitchen set          Mitraruma’s primary focus is on providing premium,
premium yang dapat dipersonalisasi, dengan menggunakan         customizable kitchen sets using high-quality materials and
material berkualitas tinggi dan standar internasional,         international standards, including the implementation of
termasuk penerapan inovasi berkelanjutan dan prinsip ESG.      sustainable innovations and ESG principles. These services
Layanan ini ditujukan untuk pemilik rumah, pengembang,         are designed for homeowners, developers, and architectural
dan firma arsitek yang membutuhkan solusi interior lengkap     firms seeking comprehensive and innovative interior solutions.
dan inovatif.



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                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                    Management Discussion and Analysis




     Untuk memastikan pengalaman pelanggan optimal, Mitraruma       To ensure an optimal customer experience, Mitraruma
     menerapkan tiga pendekatan pelayanan inti:                     implements three core service approaches:




     Ketenangan dalam Berenovasi
     Peace of Mind in Renovating

           Mitraruma menegakkan standar kualitas untuk setiap instalasi dan konstruksi yang didukung oleh quality
           control dari tim Mitraruma untuk memastikan kelancaran pembangunan.
           Mitraruma upholds quality standards for every installation and construction, which are supported by
           quality control from the Mitraruma team to ensure smooth development.



     Proses Transparan
     Transparent Process

           Mitraruma memastikan pelanggan dapat memantau proses renovasi rumah dari tahap pembuatan Rencana
           Anggaran Biaya (RAB) hingga tahap pengerjaan secara online melalui situs Mitraruma kapan pun dan di mana pun.
           Mitraruma ensures customers can monitor home renovation process from Cost Estimate Plan preparation
           stage to implementation stage online through Mitraruma website anytime and anywhere.



     Personalisasi sesuai Kebutuhan
     Personalization according to Needs

           Mitraruma menyediakan layanan personal yang disesuaikan dengan keinginan pelanggan melalui beragam
           produk untuk kebutuhan hunian.
           Mitraruma provides personalized services tailored to customer preferences through various products for
           housing needs.




     Dengan menerapkan ketiga pendekatan pelayanan                  By implementing these three service approaches, the
     tersebut, Perseroan memastikan Mitraruma menghadirkan          Company ensures that Mitraruma delivers an integrated online
     pengalaman yang terintegrasi antara online dan offline,        and offline experience, helping customers realize their dream
     sehingga membantu pelanggan mewujudkan hunian                  homes. Customers can start by browsing various interior
     impian mereka. Pelanggan dapat memulai dengan                  design references through Mitraruma’s official website or
     menelusuri berbagai referensi interior melalui situs           social media platforms. After finding inspiration, they can
     resmi maupun platform media sosial Mitraruma. Setelah          visit the showroom to consult directly with an experienced
     mendapatkan inspirasi, mereka dapat mengunjungi                team of experts, who will help design and select materials
     showroom untuk berkonsultasi langsung dengan tim ahli          according to their needs and preferences. Next, customers
     yang berpengalaman, yang akan membantu merancang               can transparently monitor the kitchen set manufacturing
     desain dan memilih material sesuai kebutuhan serta             and installation process through a real-time system. This
     preferensi. Selanjutnya, pelanggan dapat memantau proses       approach ensures that every stage, from inspiration to
     pembuatan dan pemasangan kitchen set secara transparan         execution, runs harmoniously and results in a satisfying and
     melalui sistem real-time. Pendekatan ini memastikan setiap     innovative experience.
     tahap, mulai dari inspirasi hingga eksekusi, berjalan secara
     harmonis dan menghasilkan pengalaman yang memuaskan
     serta inovatif.




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Tinjauan Operasional Segmen
Ritel Tahun 2025
Retail Segment Operational Review in 2025

Sepanjang 2025, sektor ritel nasional menunjukkan              Throughout 2025, the national retail sector recorded
pertumbuhan moderat, didorong oleh inflasi yang relatif        moderate growth, supported by relatively controlled inflation,
terkendali, keyakinan konsumen yang kuat, dan kapasitas beli   strong consumer confidence, and stable purchasing power.
masyarakat yang stabil. Inflasi year-on-year (yoy) Desember    Year-on-year (yoy) inflation in December 2025 was recorded
2025 tercatat sebesar 2,92%, menandakan tekanan harga          at 2.92%, indicating manageable price pressures across
yang terkendali pada sebagian besar kelompok pengeluaran,      most expenditure groups, including food, clothing, housing,
termasuk makanan, pakaian, perumahan, dan transportasi.        and transportation.


Survei Konsumen Bank Indonesia pada Desember 2025              Bank Indonesia’s Consumer Survey in December 2025
menunjukkan keyakinan konsumen tetap optimis. Indeks           showed that consumer confidence remained optimistic. The
Keyakinan Konsumen (IKK) berada pada level 123,5, didukung     Consumer Confidence Index (CCI) stood at 123.5, supported
oleh Indeks Kondisi Ekonomi Saat Ini (IKE) sebesar 111,4 dan   by the Current Economic Condition Index (CECI) at 111.4 and
Indeks Ekspektasi Konsumen (IEK) sebesar 135,6. Daya beli      the Consumer Expectation Index (CEI) at 135.6. Purchasing
masyarakat tetap memadai, dengan sebagian konsumen             power remained adequate, with some consumers—
menambah tabungan, khususnya kelompok pengeluaran              particularly in the middle- to upper-income segments—
menengah ke atas. Kondisi ini mendukung belanja barang         increasing their savings. This condition supported spending
tahan lama dan produk kebutuhan pokok.                         on durable goods and essential items.


Kinerja penjualan ritel nasional menunjukkan tren positif.     National retail sales performance showed a positive trend. The
Indeks Penjualan Riil (IPR) Desember 2025 diprakirakan         Real Sales Index (RSI) in December 2025 was estimated to grow
tumbuh 4,4% yoy dan 4,0% mtm, sementara November 2025          by 4.4% yoy and 4.0% month-to-month (mtm), while November
tercatat yoy 6,3% dan mtm 1,5%. Pertumbuhan ini terutama       2025 recorded growth of 6.3% yoy and 1.5% mtm. This growth
didorong oleh kelompok produk:                                 was primarily driven by the following product groups:
• Suku Cadang dan Aksesori                                     • Spare Parts and Accessories
• Makanan, Minuman, dan Tembakau                               • Food, Beverages, and Tobacco
• Barang Budaya dan Rekreasi                                   • Cultural and Recreational Goods
• Peralatan Informasi dan Komunikasi                           • Information and Communication Equipment
• Perlengkapan Rumah Tangga                                    • Household Equipment


Momentum musiman menjelang Natal dan Tahun Baru                Seasonal momentum ahead of the Christmas and New
mendorong peningkatan transaksi, khususnya pada                Year holidays further supported increased transactions,
kategori barang rumah tangga dan rekreasi. Dari sisi           particularly in household and recreational categories. In
ekspektasi harga, Indeks Ekspektasi Harga Umum (IEH)           terms of price expectations, the General Price Expectation
Februari 2026 tercatat 168,6, menunjukkan ekspektasi           Index (GPEI) for February 2026 stood at 168.6, indicating
kenaikan harga menjelang Ramadan. Sementara IEH                expectations of a price increase ahead of Ramadan.
Mei 2026 tercatat 154,5, lebih rendah dibanding periode        Meanwhile, the GPEI for May 2026 stood at 154.5, lower
sebelumnya, menandakan ekspektasi penurunan harga              than the previous period,signaling expectations of a price
setelah periode puncak. Hal ini memberikan indikasi bagi       declineafter the peak period. This provides an indication
pelaku ritel untuk menyesuaikan strategi penjualan dan         forretailers to adjust their sales strategies andstock
pengelolaan stok secara selektif.                              management selectively.


Secara keseluruhan, kombinasi inflasi moderat, keyakinan       Overall, the combination of moderate inflation, strong
konsumen yang optimis, pertumbuhan penjualan riil yang         consumer confidence, positive real sales growth, and
positif, serta perilaku konsumsi yang selektif menunjukkan     increasingly selective consumption patterns indicates
bahwa segmen ritel nasional tetap menjadi motor penting        that the national retail segment remained a key driver
dalam aktivitas ekonomi domestik sepanjang 2025.               of domestic economic activity throughout 2025. These
Informasi ini menjadi acuan bagi para pelaku industri ritel    insights serve as an important reference for industry
dalam menyusun strategi distribusi, stok produk, dan           players in formulating distribution strategies, inventory
segmentasi pasar.                                              management, and market segmentation.




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                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                    Management Discussion and Analysis




     BELANJA KERAMIK                                               BELANJA KERAMIK
     Perseroan terus menegaskan komitmennya dalam menjaga          The Company continued to reinforce its commitment to
     loyalitas dan kepuasan pelanggan melalui jaringan Belanja     maintaining customer loyalty and satisfaction through its
     Keramik. Fokus utama Perseroan adalah meningkatkan            Belanja Keramik network. The Company’s primary focus
     kualitas layanan dan menghadirkan pengalaman belanja          is to enhance service quality and deliver a convenient and
     yang praktis dan menyenangkan.                                enjoyable shopping experience.

     Pada tahun ini, program pelatihan bagi karyawan diperluas     During the year, employee training programs were expanded
     untuk memperdalam pemahaman produk terbaru, sehingga          to deepen understanding of new products, enabling the sales
     tim dapat memberikan rekomendasi yang tepat kepada            team to provide more accurate and relevant recommendations
     pelanggan. Belanja Keramik juga memperkuat kerja sama         to customers. Belanja Keramik also strengthened partnerships
     dengan berbagai merek lokal dan internasional untuk           with various local and international brands to offer innovative
     menghadirkan produk-produk inovatif dan berkualitas tinggi.   and high-quality products.

     Hingga akhir tahun 2025, lebih dari 500 produk baru telah     As of the end of 2025, more than 500 new products had
     ditambahkan ke dalam portofolio gerai, memperluas pilihan     been added to the store portfolio, expanding customer
     konsumen serta mendukung pertumbuhan penjualan dan            choices while significantly supporting sales growth and
     diversifikasi produk secara signifikan.                       product diversification.


              Pencapaian Belanja Keramik di tahun 2025 | Belanja Keramik’s Achievement in 2025




         Merek yang Dikelola              Instagram Followers      Youtube Subscribers            Web Traffic
         Managed Brands                   Instagram Followers      Youtube Subscribers            Web Traffic



         42
         Merek/Brands
                                          51.618 96
                                          dan terus bertambah      dan terus bertambah
                                                                                                  1.300
                                                                                                  per bulan
                                          and counting             and counting                   per month




     MITRARUMA                                                     MITRARUMA
     Pada tahun 2025, Mitraruma terus menghadirkan solusi          In 2025, Mitraruma continued to deliver tailored premium
     kitchen set premium yang dipersonalisasi, dengan fokus        kitchen solutions, with a focus on enhancing residential
     pada peningkatan kualitas hunian dan pengalaman               quality and customer experience. The Company provides
     pelanggan. Perseroan menyediakan layanan desain dan           kitchen design and installation services as well as premium
     instalasi dapur serta interior premium berstandar Eropa,      interior solutions with European standards, supported by
     yang didukung inovasi dan praktik ramah lingkungan.           innovation and environmentally responsible practices.

     Seluruh produk Mitraruma bersertifikasi FSC, menjamin         All Mitraruma products are FSC-certified, ensuring that
     bahan berasal dari hutan yang dikelola secara bertanggung     materials are sourced from responsibly managed forests.
     jawab. Penggunaan MDF High Moisture Resistant Grade           The use of High Moisture Resistant MDF Grade E1 ensures
     E1 memastikan kadar formaldehida rendah dan aman              low formaldehyde content and safety for health, while V313
     bagi kesehatan, sementara sertifikasi V313 menjamin           certification guarantees resistance to humidity, ensuring
     ketahanan terhadap lembab, sehingga produk tetap awet         product durability and long-term quality.
     dan berkualitas.


     Mitraruma memadukan pengalaman online dan offline             Mitraruma integrates both online and offline experiences
     melalui showroom, platform digital, dan konsultasi            through its showrooms, digital platforms, and direct
     langsung. Hal ini memungkinkan pelanggan merancang            consultation services. This approach enables customers to
     hunian dan mengawasi proses pembangunan kitchen set           design their living spaces and monitor the kitchen development
     secara transparan, dari konsep hingga realisasi, dengan       process transparently from concept to completion while
     kemudahan dan kenyamanan maksimal.                            enjoying maximum convenience and comfort.



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                    Pencapaian Mitraruma di tahun 2025 | Mitraruma’s Achievement in 2025




    Online and Offline Traffic                Instagram Followers                      Proyek Renovasi
    Online and Offline Traffic                Instagram Followers                      Renovation Project


    6.500
    per bulan/per month
                                              518.000 12
                                              dan terus bertambah
                                                                                                   per bulan dengan nilai proyek
                                                                                                   rata-rata Rp110 Juta
                                                                                                   per month with an average
                                                                                                   project value of Rp110 Million
                                              and counting




    Penjualan Material                        Quality Leads                            Kolaborasi dengan Mitra Merek Strategis
    untuk Profesional                         Quality Leads                            Collaboration with Strategic Brand Partners
    Material Sales for Professionals


    Rp850
    juta/bulan/million/ month
                                              1.000
                                              quality lead/bulan/quality lead/month
                                                                                       20+                merek interior terkemuka (Blum,
                                                                                                          Hettich, Hafele, Neolith, Quadra, dll.)
                                                                                                          leading interior brands
                                                                                                          (Blum, Hettich, Hafele, Neolith,
                                                                                                          Quadra, etc.)




Kinerja Keuangan Segmen Ritel Tahun 2025
Retail Segment Financial Performance in 2025

Segmen ritel Perseroan berkontribusi sebesar 6,93% terhadap                 The Company’s retail segment contributed 6.93% to
total penjualan pada tahun 2025. Meskipun volume penjualan                  total revenues in 2025. Despite a decline in sales volume
mengalami penurunan dibandingkan tahun sebelumnya,                          compared to the previous year, the Company was able to
Perseroan berhasil mempertahankan efisiensi biaya dan                       maintain cost efficiency and implement effective product
strategi pengelolaan produk yang tepat, sehingga laba kotor                 management strategies, resulting in an increase in gross
dari segmen ini mengalami peningkatan.                                      profit from this segment.


Penurunan penjualan disebabkan oleh fluktuasi permintaan                    The decline in sales was primarily driven by fluctuations in
konsumen eceran, sementara peningkatan laba kotor tercapai                  retail consumer demand, while the improvement in gross profit
berkat optimalisasi portofolio produk, pengendalian biaya                   was achieved through product portfolio optimization, tighter
operasional, dan fokus pada produk dengan margin lebih                      control over operating costs, and a focus on higher-margin
tinggi. Strategi ini membantu Perseroan menjaga profitabilitas              products. These strategies enabled the Company to preserve
segmen ritel meskipun terjadi penurunan pendapatan.                         the profitability of its retail segment despite lower revenues.


Berikut ilustrasi kinerja keuangan segmen ritel Perseroan                   The following illustrates the financial performance of the
tahun 2025:                                                                 Company’s retail segment in 2025:


(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                                  Distributor/Distributor                                               2025                        2024

 Penjualan/Sales                                                                                               221,436                    229,423

 Beban Pokok Penjualan/Cost of Goods Sold                                                                    (164,756)                   (191,407)

 Laba Bruto/Gross Profit                                                                                       56,680                       38,016



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                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                    Management Discussion and Analysis




     Strategi Pemasaran
     Marketing Strategy
     BELANJA KERAMIK                                                  BELANJA KERAMIK
     Pada tahun 2025, Belanja Keramik fokus memperluas                In 2025, Belanja Keramik focused on expanding its market
     jangkauan pasar melalui kombinasi promosi offline dan online.    reach through a combination of offline and online promotional
     Berbagai program penjualan seperti stock clearance, End of       activities. Various sales programs such as stock clearance, End
     Year Sale, redeem point, product bundling, dan voucher belanja   of Year Sale, point redemption, product bundling, and shopping
     tetap diterapkan untuk menarik konsumen. Selain itu, promosi     vouchers continued to be implemented to attract consumers.
     melalui media sosial, yaitu Instagram, Whatsapp, Facebook,       In addition, promotional activities through social media
     dan Youtube yang digunakan untuk meningkatkan visibilitas,       platforms—namely Instagram, WhatsApp, Facebook, and
     menyampaikan informasi produk, serta membangun interaksi         YouTube—were utilized to enhance visibility, deliver product
     yang lebih dekat dengan pelanggan.                               information, and build closer engagement with customers.

     Belanja Keramik juga menekankan pendekatan lokal                 Belanja Keramik also emphasized a localized approach
     dengan distribusi selebaran dan promosi di wilayah-              through flyer distribution and on-ground promotions in
     wilayah strategis, memastikan produk tersedia dan mudah          strategic areas, ensuring that products remain accessible
     dijangkau oleh konsumen ritel. Strategi ini mendukung            and easily reached by retail consumers. This strategy
     tujuan Perseroan untuk memperluas penetrasi pasar dan            supports the Company’s objective of expanding market
     mendorong pertumbuhan penjualan gerai.                           penetration and driving sales growth across its retail stores.

     MITRARUMA                                                        MITRARUMA
     Mitraruma menekankan strategi pemasaran berbasis                 Mitraruma emphasized a digital-based marketing strategy
     digital sekaligus menghadirkan pengalaman offline                while also delivering an offline experience through its
     melalui showroom. Instagram menjadi kanal utama untuk            showrooms. Instagram serves as the primary channel for
     menampilkan katalog inspirasi desain interior kitchen set,       showcasing inspirational interior kitchen set designs, product
     informasi produk, serta promosi penawaran spesial. Saluran       information, and promotional offers. Offline channels enable
     offline memungkinkan calon pelanggan melihat langsung            prospective customers to directly view materials and color
     material, warna, dan berkonsultasi dengan tim ahli.              options, as well as consult with professional design teams.

     Selain menyasar pemilik rumah, Mitraruma juga menjangkau         In addition to targeting homeowners, Mitraruma also reaches
     segmen profesional, termasuk workshop interior dan firma         professional segments, including interior workshops and
     desain, dengan membangun kemitraan strategis untuk               design firms, by establishing strategic partnerships to
     memberikan akses material interior premium. Pendekatan           provide access to premium interior materials. This approach
     ini menjadikan Mitraruma solusi satu pintu bagi kebutuhan        positions Mitraruma as a one-stop solution for kitchen
     kitchen set dan interior, menggabungkan pengalaman online        set and interior needs, integrating both online and offline
     dan offline secara terpadu untuk meningkatkan kepuasan           experiences to enhance customer satisfaction.
     pelanggan.




     Pangsa Pasar
     Market Share
     BELANJA KERAMIK                                                  BELANJA KERAMIK
     Hingga akhir tahun 2025, Perseroan mengoperasikan 20             As of the end of 2025, the Company operated 20 Belanja
     gerai Belanja Keramik yang tersebar di berbagai wilayah di       Keramik stores across various regions in Indonesia. This
     Indonesia. Jaringan ritel yang luas ini memungkinkan Perseroan   extensive retail network enables the Company to effectively
     untuk secara efektif menjangkau dan memenuhi kebutuhan           reach and serve end-customers seeking high-quality building
     pelanggan akhir yang mencari produk bahan bangunan               materials. Through an integrated online and offline approach,
     berkualitas. Melalui pendekatan terintegrasi antara online dan   customers can easily access product information, consult
     offline, pelanggan dapat dengan mudah memperoleh informasi       with experts, and complete transactions conveniently. The
     produk, berkonsultasi langsung dengan tenaga ahli, serta         Belanja Keramik segment contributed approximately 1% to
     melakukan transaksi dengan nyaman. Segmen Belanja Keramik        the Company’s total market share in the building materials
     menyumbang sekitar 1% dari total pangsa pasar Perseroan di       retail sector.
     sektor ritel bahan bangunan.




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MITRARUMA                                                    MITRARUMA
Mitraruma mengoperasikan 2 showroom di lokasi strategis,     Mitraruma operates two showrooms in strategic locations,
yaitu di Okabe Gallery – Alam Sutera dan Dharmawangsa        namely Okabe Gallery – Alam Sutera and Dharmawangsa
Square – Jakarta Selatan. Kehadiran fisik ini memungkinkan   Square – South Jakarta. This physical presence enables
Perseroan menjangkau segmen pasar premium dan                the Company to reach the premium market segment and
meningkatkan interaksi langsung dengan pelanggan. Selain     enhance direct customer engagement. In addition, Mitraruma
itu, Mitraruma memanfaatkan platform digital dan aplikasi    leverages digital platforms and integrated applications to
terpadu untuk menyediakan katalog produk, konsultasi         provide product catalogs, real-time design consultations,
desain secara real time, serta pemantauan progres proyek     and transparent project progress monitoring. Through
dengan transparansi penuh. Dengan kombinasi kanal            the combination of online and offline channels, Mitraruma
online dan offline tersebut, Mitraruma terus memperluas      continues to expand its market reach and improve the quality
jangkauan pasar serta meningkatkan kualitas layanan          of services provided to customers in the retail segment.
kepada pelanggan di segmen ritel.




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                                       ANALISIS DAN PEMBAHASAN MANAJEMEN
                                       Management Discussion and Analysis




     Kinerja Keuangan Komprehensif
     Comprehensive Financial Performance

     Laporan Posisi Keuangan Konsolidasian
     Consolidated Statement of Financial Position
     (Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                                         Uraian/Description                                              2025                  2024

      Aset/Assets

      Aset Lancar/Current Assets                                                                              784,410                792,917

      Aset Tidak Lancar/Non-Current Assets                                                                      83,701                112,742

      Total Aset/Total Assets                                                                                   868,111             905,659

      Liabilitas/Liabilities

      Liabilitas Jangka Pendek/Current Liabilities                                                            942,606               973,852

      Liabilitas Jangka Panjang/Non-Current Liabilities                                                         15,313                17,946

      Total Liabilitas/Total Liabilities                                                                      957,919                991,798

      Total Ekuitas/Total Equity                                                                              (89,808)              (86,139)


     ASET                                                                        ASSETS
     Total aset Perseroan pada tahun 2025 tercatat sebesar                       The Company’s total assets in 2025 amounted to Rp868,111
     Rp868.111 juta, menurun sebesar 4,15% dibandingkan total                    million, representing a decrease of 4.15% compared to
     aset tahun 2024 yang sebesar Rp905.659 juta. Penurunan ini                  Rp905,659 million in 2024. This decline was primarily
     terutama disebabkan oleh fluktuasi di pos aset tidak lancar,                attributable to fluctuations in non-current assets, driven by
     dikarenakan adanya penjualan aset tanah dan bangunan yang                   the disposal of unused land and buildings.
     tidak terpakai.


     Aset Lancar                                                                 Current Assets
     Pos aset lancar Perseroan pada tahun 2025 mencapai                          The Company’s current assets in 2025 amounted to Rp784,410
     Rp784.410 juta, turun sebesar 1,07% dibandingkan tahun                      million, a decrease of 1.07% compared to Rp792,917 million
     2024 sebesar Rp792.917 juta. Fluktuasi ini terutama                         in 2024. This fluctuation was mainly driven by a decrease
     berasal dari berkurangnya persediaan yang turun menjadi                     in inventories, which declined to Rp236,899 million, offset
     Rp236.899 juta yang saling hapus dengan kenaikan piutang                    by an increase in trade receivables of Rp27,981 million.
     usaha sebesar Rp27.981 juta. Penyesuaian pada aset                          The movement in current assets reflects a more selective
     lancar ini mencerminkan manajemen yang lebih selektif                       approach in receivables management and inventory control,
     dalam pengelolaan piutang dan stok barang, sekaligus                        in line with prevailing market demand trends.
     menyesuaikan dengan tren permintaan pasar.


     Aset Tidak Lancar                                                           Non-Current Assets
     Aset tidak lancar Perseroan pada tahun 2025 tercatat                        The Company’s non-current assets in 2025 amounted
     sebesar Rp83.701 juta, mengalami penurunan sebesar                          to Rp83,701 million, representing a decrease of 25.76%
     25,76% dibandingkan tahun 2024 sebesar Rp112.742 juta.                      compared to Rp112,742 million in 2024. This decline was
     Penurunan ini dipengaruhi oleh penurunan aset tetap atas                    mainly attributable to a reduction in fixed assets following
     terjadinya penjualan tanah dan bangunan yang tidak terpakai.                the disposal of unused land and buildings.


     LIABILITAS                                                                  LIABILITIES
     Total liabilitas Perseroan pada tahun 2025 tercatat                         The Company’s total liabilities in 2025 amounted to Rp957,919
     sebesar Rp957.919 juta, mengalami penurunan sebesar                         million, a decrease of 3.42% compared to Rp991,798 million
     3,42% dibandingkan tahun 2024 sebesar Rp991.798 juta.                       in 2024. The decrease was driven by movements in both
     Penurunan ini berasal dari liabilitas jangka pendek dan                     current liabilities and non-current liabilities.
     liabilitas jangka panjang.


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Liabilitas Jangka Pendek                                                    Current Liabilities
Pos liabilitas jangka pendek pada tahun 2025 mencapai                       The Company’s current liabilities in 2025 amounted to
Rp942.606 juta, turun sebesar 3,21% dibandingkan tahun                      Rp942,606 million, a decrease of 3.21% compared to
2024 sebesar Rp973.852 juta. Penurunan ini terutama                         Rp973,852 million in 2024. This decline was mainly due to
disebabkan oleh berkurangnya utang usaha pihak berelasi                     a reduction in related-party trade payables to Rp806,713
menjadi Rp806.713 juta, seiring dengan penyesuaian                          million, in line with operational adjustments and more
operasional dan pembayaran utang yang lebih efisien.                        efficient debt settlement.


Liabilitas Jangka Panjang                                                   Non-Current Liabilities
Liabilitas jangka panjang Perseroan pada tahun 2025                         The Company’s non-current liabilities in 2025 amounted
tercatat sebesar Rp15.313 juta, menurun sebesar 14,67%                      to Rp15,313 million, a decrease of 14.67% compared to
dibandingkan tahun 2024 sebesar Rp17.946 juta. Penurunan                    Rp17,946 million in 2024. The decline was primarily driven
ini terutama disebabkan oleh berkurangnya liabilitas sewa                   by a reduction in non-current lease liabilities to Rp3,278
jangka panjang menjadi Rp3.278 juta.                                        million.


EKUITAS                                                                     EQUITY
Total ekuitas Perseroan pada tahun 2025 tercatat sebesar                    The Company’s total equity in 2025 amounted to Rp(89,808)
Rp(89.808) juta, meningkat sebesar (4,26%) dibandingkan                     million, compared to Rp(86,139) million in 2024. Although the
tahun 2024 sebesar Rp(86.139) juta. Peningkatan ini                         Company continued to record a loss position, the increase
terjadi meskipun Perseroan masih mencatat kerugian,                         reflects improved capital management and ongoing efforts
seiring dengan pengelolaan modal yang lebih baik dan                        to strengthen the financial structure to support operational
upaya memperkuat struktur keuangan untuk mendukung                          sustainability.
keberlanjutan operasional.



Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Statement of Profit of Loss and Other Comprehensive Income
(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                                                                                                                              Persentase (%)
                          Uraian/Description                                        2025                    2024
                                                                                                                              Percentage (%)

 Penjualan/Sales                                                                       3,194,683              3,134,643                  1.92%

 Beban Pokok Penjualan/Cost of Sales                                                 (2,932,785)            (2,904,526)                 (0.97%)

 Rugi/Loss                                                                                (5,298)                (35,510)               85.08%

 Penghasilan Komprehensif Lain/Other Comprehensive Income                                   1,629                  (1,457)              211.81%

 Total Rugi Komprehensif/Total Comprehensive Loss                                         (3,669)               (36,967)                90.08%


PENJUALAN                                                                   SALES
Penjualan Perseroan pada tahun 2025 tercatat sebesar                        The Company’s sales in 2025 amounted to Rp3,194,683
Rp3.194.683 juta, mengalami peningkatan dibandingkan                        million, representing an increase compared to Rp3,134,643
tahun 2024 yang tercatat Rp3.134.643 juta. Peningkatan                      million in 2024. This increase was primarily driven by higher
ini terutama berasal dari naiknya permintaan di segmen                      demand in the Company’s distribution segment, particularly
distributor Perseroan, terutama dari produk semen                           for cement and ceramic products.
dan keramik.


Pendapatan dari segmen distributor mencapai Rp2,97 triliun,                 Revenues from the distribution segment reached Rp2.97
yang menyumbang sekitar 93,07% dari total pendapatan,                       trillion, contributing approximately 93.07% of total revenues,
mengalami kenaikan seiring bertambahnya permintaan                          and increased in line with growing demand for products such
untuk produk-produk seperti semen dan keramik.                              as cement and ceramics.


Sementara itu, pendapatan segmen ritel tercatat Rp221.436                   Meanwhile, revenues from the retail segment amounted to
juta, atau sekitar 6,93% dari total pendapatan, menurun                     Rp221,436 million, or approximately 6.93% of total revenues,
akibat penurunan permintaan konsumen eceran terhadap                        declining due to weaker retail consumer demand for ceramic
produk keramik dan bahan bangunan lainnya.                                  products and other building materials.



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                                       ANALISIS DAN PEMBAHASAN MANAJEMEN
                                       Management Discussion and Analysis




     BEBAN POKOK PENJUALAN                                                       COST OF SALES
     Beban pokok penjualan Perseroan pada tahun 2025                             The Company’s cost of sales in 2025 amounted to
     tercatat sebesar Rp2.932.785 juta, mengalami peningkatan                    Rp2,932,785 million, compared to Rp2,904,526 million in
     dibandingkan tahun 2024 yang tercatat Rp2.904.526 juta.                     2024. The increase was in line with higher sales volume.
     Peningkatan ini sejalan dengan naiknya volume penjualan.


     RUGI                                                                        LOSS
     Pada tahun 2025, Perseroan mencatat rugi sebesar                            In 2025, the Company recorded a loss of Rp5,298 million,
     Rp(5.298) juta, mengalami penurunan dibandingkan                            compared to a loss of Rp35,510 million in 2024. The decline
     tahun 2024 yang tercatat Rp(35.510) juta. Penurunan rugi                    in loss position was mainly driven by higher sales and gross
     ini terutama dipengaruhi oleh kenaikan penjualan dan                        profit, which contributed positively to the Company’s overall
     laba kotor, yang memberikan kontribusi positif terhadap                     financial performance.
     perbaikan kinerja keuangan Perseroan.


     PENGHASILAN KOMPREHENSIF LAIN                                               OTHER COMPREHENSIVE INCOME
     Pada tahun 2025, Perseroan mencatat penghasilan                             In 2025, the Company recorded other comprehensive
     komprehensif lain sebesar Rp1.629 juta, mengalami                           income of Rp1,629 million, compared to Rp(1,457) million in
     penurunan dibandingkan tahun 2024 yang tercatat                             2024. The decline was primarily driven by changes resulting
     Rp(1.457) juta. Penurunan ini terutama dipengaruhi oleh                     from actuarial remeasurements of employee benefits
     perubahan nilai pengukuran kembali aktuaria atas liabilitas                 obligation, which had a positive impact on the Company’s
     imbalan kerja, yang memberikan dampak positif terhadap                      total comprehensive income.
     total penghasilan komprehensif Perseroan.


     TOTAL RUGI KOMPREHENSIF                                                     TOTAL COMPREHENSIVE LOSS
     Perseroan mencatat total rugi komprehensif sebesar Rp(3.669)                The Company recorded a total comprehensive loss of Rp3,669
     juta pada tahun 2025, mengalami penurunan dibandingkan                      million in 2025, compared to Rp36,967 million in 2024. The
     tahun 2024 yang tercatat Rp(36.967) juta. Penurunan rugi                    decline in total comprehensive loss was mainly driven by higher
     komprehensif ini terutama didorong oleh kenaikan penjualan                  revenues and gross profit, which contributed positively to the
     dan laba kotor, yang memberikan kontribusi positif terhadap                 improvement in the Company’s profitability performance.
     perbaikan kinerja profitabilitas Perseroan.




     Laporan Arus Kas
     Cash Flow Statement
     (Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                                                                                                                              Persentase (%)
                               Uraian/Description                                        2025                2024
                                                                                                                              Percentage (%)

      Kas Neto yang (Digunakan untuk) dari Aktivitas Operasi
                                                                                              (32,490)               9,219           252.42%
      Net Cash (Used in) from Operating Activities

      Kas Neto yang (Digunakan untuk) dari Aktivitas Investasi
                                                                                               20,962                (693)          3,124.82%
      Net Cash (Used in) from Investing Activities

      Kas Neto yang (Digunakan untuk) dari Aktivitas Pendanaan
                                                                                               (6,800)              (6,137)           (10.80%)
      Net Cash (Used in) from Financing Activities


     KAS NETO YANG DIGUNAKAN UNTUK AKTIVITAS OPERASI                             NET CASH USED IN OPERATING ACTIVITIES
     Pada tahun 2025, Perseroan mencatat kas neto yang                           In 2025, the Company recorded net cash used in operating
     digunakan untuk aktivitas operasi sebesar Rp(32.490) juta,                  activities of Rp32,490 million, compared to net cash provided
     menurun dibandingkan tahun 2024 yang tercatat Rp9.219 juta.                 of Rp9,219 million in 2024. The increase in cash outflow was
     Peningkatan penggunaan kas ini dipengaruhi oleh menurunnya                  primarily driven by lower income tax refund.
     penerimaan dari pengembalian pajak penghasilan.


     KAS NETO YANG DIPEROLEH DARI AKTIVITAS INVESTASI                            NET CASH PROVIDED BY INVESTING ACTIVITIES
     Pada tahun 2025, Perseroan membukukan kas neto yang                         In 2025, the Company recorded net cash provided by
     diperoleh dari aktivitas investasi sebesar Rp20.962 juta,                   investing activities of Rp20,962 million, compared to net




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meningkat dibandingkan tahun 2024 yang mencatat kas              cash used of Rp693 million in 2024. The positive cash inflow
neto digunakan sebesar Rp(693) juta. Penerimaan kas positif      was mainly attributable to proceeds from sale of fixed assets.
ini terutama berasal dari penjualan aset tetap.


KAS NETO YANG DIPEROLEH UNTUK AKTIVITAS                          NET CASH PROVIDED BY FINANCING ACTIVITIES
PENDANAAN
Pada tahun 2025, Perseroan mencatat kas neto yang                In 2025, the Company recorded net cash used in financing
digunakan untuk aktivitas pendanaan sebesar Rp(6.800)            activities of Rp6,800 million, compared to Rp6,137 million
juta, meningkat dibandingkan tahun 2024 yang mencatat            in 2024. The increase in cash outflow was primarily due
penggunaan kas sebesar Rp(6.137) juta. Peningkatan               to payment of lease liabilities, reflecting a more active
penggunaan kas ini terutama disebabkan oleh pembayaran           management of non-current liabilities while maintaining a
liabilitas sewa, yang mencerminkan pengelolaan kewajiban         healthy funding structure.
jangka panjang Perseroan secara lebih aktif sambil tetap
menjaga struktur pendanaan yang sehat.




Kemampuan Membayar Utang
Debt Paying Ability

Perseroan menilai kemampuan membayar utangnya melalui            The Company assesses its debt-paying ability through two
dua pendekatan utama: rasio likuiditas dan rasio solvabilitas.   primary approaches: liquidity ratios and solvency ratios.
Rasio likuiditas menunjukkan seberapa cepat aset lancar          Liquidity ratios measure how quickly the Company’s current
Perseroan dapat dikonversi menjadi kas untuk memenuhi            assets can be converted into cash to meet current liabilities.
kewajiban jangka pendek. Rasio ini dianalisis melalui rasio      These ratios are analyzed through the current ratio, quick
lancar, rasio cepat, dan rasio kas, yang secara kolektif         ratio, and cash ratio, collectively reflecting the effectiveness
mencerminkan efektivitas pengelolaan aset dalam menutup          of asset management in covering maturing liabilities.
utang yang jatuh tempo.


Sementara itu, rasio solvabilitas menggambarkan kemampuan        Meanwhile, solvency ratios reflect the Company’s debt-
Perseroan dalam menanggung seluruh utangnya melalui              paying ability, particularly its ability to cover all of its
ekuitas yang dimiliki. Rasio yang lebih tinggi menunjukkan       liabilities through its equity. A higher ratio indicates a
posisi keuangan yang lebih sehat, dengan cadangan ekuitas        stronger financial position, with sufficient equity reserves to
yang cukup untuk menutupi kewajiban Perseroan. Pengukuran        cover the Company’s liabilities. Solvency is measured using
solvabilitas dilakukan menggunakan dua indikator utama: rasio    two key indicators: the debt-to-equity ratio (DER) and the
utang terhadap ekuitas (DER) dan rasio utang terhadap aset       debt-to-asset ratio (DAR), which reflect the balance of the
(DAR), yang mencerminkan keseimbangan struktur modal dan         Company’s capital structure and its overall financial risk.
risiko keuangan secara keseluruhan.



Rasio Likuiditas
Liquidity Ratios

                                Uraian/Description                                         2025                       2024

 Rasio Lancar (%)/Current Ratio (%)                                                               83.22%                     81.42%

 Rasio Cepat (%)/Quick Ratio (%)                                                                  58.09%                     53.91%

 Rasio Kas (%)/Cash Ratio (%)                                                                      5.52%                      7.22%


Pada tahun 2025, rasio lancar Perseroan tercatat sebesar         In 2025, the Company’s current ratio stood at 83.22%,
83,22%, sedikit meningkat dibandingkan tahun sebelumnya          slightly increasing from 81.42% in the previous year,
yang sebesar 81,42%, menunjukkan bahwa Perseroan                 indicating that the Company maintained adequate liquidity
tetap memiliki likuiditas yang memadai untuk memenuhi            to meet its short-term obligations.
kewajiban jangka pendek.




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                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                    Management Discussion and Analysis




     Rasio cepat Perseroan pada 2025 berada di level 58,09%,      The Company’s quick ratio in 2025 was recorded at
     sedikit meningkat dari 53,91% pada tahun 2024. Hal ini       58.09%, an increase from 53.91% in 2024. This reflects the
     menegaskan kemampuan Perseroan untuk melunasi kewajiban      Company’s ability to settle current liabilities using liquid
     jangka pendek dengan mengandalkan aset likuid tanpa          assets without relying on inventories.
     tergantung pada persediaan.


     Sementara itu, rasio kas Perseroan menurun menjadi 5,52%     Meanwhile, the Company’s cash ratio decreased to 5.52%
     dari 7,22% pada 2024, memperlihatkan kapasitas Perseroan     from 7.22% in 2024, reflecting the Company’s capacity to
     untuk menunaikan kewajiban jangka pendek yang segera         meet its immediate current liabilities.
     jatuh tempo.


     Secara keseluruhan, Perseroan mempertahankan tingkat         Overall, the Company maintained an adequate level of
     likuiditas yang memadai untuk memenuhi kewajiban             liquidity to meet its debt obligations, particularly those
     utang, khususnya yang jatuh tempo dalam jangka pendek.       maturing in the short term. The Company remains committed
     Perseroan tetap berkomitmen menjaga indikator keuangan       to maintaining sound financial indicators as part of its efforts
     yang sehat sebagai bagian dari upaya mempertahankan          to preserve the confidence of shareholders and stakeholders,
     kepercayaan pemegang saham dan pemangku kepentingan,         while supporting sustainable growth prospects in the future.
     serta mendukung prospek pertumbuhan yang berkelanjutan
     di masa depan.




     Rasio Solvabilitas
     Solvency Ratio

                                      Uraian/Description                                   2025                    2024

      Rasio Solvabilitas/Solvency Ratios

      Rasio Utang terhadap Ekuitas/Debt to Equity Ratio (%)                                  (1,066.63%)             (1,151.39%)

      Rasio Utang terhadap Aset/Debt to Assets Ratio (%)                                        110.35%                 109.51%


     Pada tahun 2025, rasio utang terhadap ekuitas Perseroan      In 2025, the Company’s debt-to-equity ratio (DER) was
     tercatat sebesar (1.066,63%)%, menurun dibandingkan          recorded at (1,066.63%), improving from (1,151.39%) in the
     tahun sebelumnya yang sebesar (1.151,39%), menunjukkan       previous year, indicating a reduction in the proportion of debt
     bahwa proporsi utang terhadap ekuitas tetap menurun dan      relative to equity and a more controlled capital structure.
     perusahaan lebih terkendali dalam struktur modalnya.


     Sementara itu, rasio utang terhadap aset Perseroan berada    Meanwhile, the Company’s debt-to-asset ratio (DAR) stood at
     di level 110,35% pada 2025, sedikit meningkat dari 109,51%   110.35% in 2025, slightly increasing from 109.51% in 2024.
     pada tahun 2024. Hal ini menandakan bahwa proporsi utang     This indicates that the proportion of debt to total assets
     terhadap total aset Perseroan sedikit lebih tinggi, tetapi   increased marginally, but remained at a manageable level.
     masih dalam batas yang dapat dikelola.


     Secara    keseluruhan,    Perseroan    mempertahankan        Overall, the Company maintained a sound capital structure,
     struktur modal yang sehat, dengan rasio solvabilitas yang    with solvency ratios reflecting its ability to meet its overall
     mencerminkan kemampuan perusahaan untuk memenuhi             liabilities while supporting sustainable business growth.
     kewajiban utangnya secara keseluruhan, sekaligus
     mendukung pertumbuhan usaha secara berkelanjutan.




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Tingkat Kolektibilitas Piutang
Receivables Collectability

Perseroan menilai kemungkinan pelunasan piutang dengan               The Company assesses the likelihood of receivables collection
membaginya ke dalam tiga kategori: good collectability, fair         by classifying them into three categories: good collectability,
collectability, dan poor collectability. Penilaian ini digunakan     fair collectability, and poor collectability. This assessment
sebagai indikator efektivitas Perseroan dalam menagih dana           serves as an indicator of the Company’s effectiveness in
yang masih tertunggak dari pelanggan atau kreditur.                  collecting outstanding amounts from customers.

Piutang dengan tingkat kolektibilitas baik menandakan                Receivables with good collectability indicate a high
peluang tinggi untuk segera dilunasi, sedangkan piutang              probability of timely settlement, while receivables with poor
dengan kolektibilitas buruk menunjukkan risiko rendahnya             collectability reflect a lower likelihood of recovery, or even
kemungkinan pembayaran, atau bahkan potensi tidak tertagih.          potential uncollectibility.

Perseroan secara aktif memantau dan mengevaluasi                     The Company actively monitors and evaluates receivables
kolektibilitas piutang untuk mengidentifikasi potensi risiko         collectability to identify potential risks associated with
atas piutang yang belum terselesaikan. Dengan pendekatan             outstanding balances. Through this approach, the Company
ini, Perseroan dapat menentukan strategi yang tepat untuk            is able to determine appropriate strategies to improve
meningkatkan efektivitas proses penagihan. Upaya ini                 collection effectiveness. These efforts are an important
menjadi bagian penting dalam menjaga kestabilan kas dan              part of maintaining cash stability and optimizing the
mengoptimalkan arus kas perusahaan.                                  Company’s cash flow.


                                 Uraian/Description                                            2025                       2024

 Rasio Kolektibilitas Piutang/Receivables Collectability Ratio

 Perputaran Piutang/Receivables Turnover (%)                                                              7.09                   6.75

 Lama Penagihan Rata-rata (hari)/Average Days of Collection (Days)                                          52                    54


Pada tahun 2025, Perseroan mencatat rata-rata pengumpulan            In 2025, the Company recorded an average collection period
piutang mencapai 52 hari, sedikit meningkat dibandingkan             of 52 days, slightly improving from 54 days in 2024. This
dengan rata-rata 54 hari pada tahun 2024. Hal ini                    reflects a relatively stable trend in receivables management,
mencerminkan tren pengelolaan piutang yang relatif stabil,           in line with the Company’s efforts to strengthen its collection
seiring upaya Perseroan untuk memperkuat proses penagihan            processes and implement periodic evaluations of its credit
dan menerapkan evaluasi berkala terhadap kebijakan kredit.           policies. These measures are aimed at minimizing the risk of
Langkah ini tetap bertujuan untuk meminimalkan risiko                uncollectible receivables while improving the efficiency of
piutang tak tertagih sekaligus meningkatkan efisiensi                current asset management.
pengelolaan aset lancar.




Struktur Modal
Capital Structure

Struktur modal menjadi fondasi utama bagi keuangan                   Capital structure serves as a fundamental pillar of the
Perseroan, karena menentukan cara perusahaan mendanai                Company’s financial position, as it determines how the
operasional maupun pertumbuhannya. Sumber dana ini                   Company finances its operations and growth. Funding
berasal dari pemegang saham maupun pinjaman, termasuk                sources are derived from shareholders’ equity as well as
fasilitas kredit dari bank atau penerbitan obligasi.                 borrowings, including bank loan facilities and bond issuances.
Perseroan secara rutin memantau dan mengelola struktur               The Company continuously monitors and manages its capital
modal untuk memastikan keseimbangan antara risiko                    structure to ensure an optimal balance between risk and
dan profitabilitas, menjaga likuiditas yang cukup, serta             profitability, maintain adequate liquidity, and optimize its cost
mengoptimalkan biaya modal.                                          of capital.


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     Dalam rangka mengevaluasi struktur modal, Perseroan            In evaluating its capital structure, the Company uses the
     menggunakan rasio utang terhadap modal (debt-to-equity         debt-to-equity ratio (DER), which reflects the proportion of
     ratio) yang menunjukkan proporsi utang bersih terhadap         net debt to total capital. This ratio serves as an important tool
     total modal perusahaan. Rasio ini menjadi alat penting bagi    for the Company to assess the extent to which debt financing
     Perseroan untuk menilai sejauh mana pendanaan melalui          influences the overall composition of its capital structure.
     utang memengaruhi komposisi modal secara keseluruhan.

                                        Uraian/Description                                   2025                    2024

      Jumlah liabilitas/Total liabilities                                                          957,919                 991,798

      Dikurangi kas dan setara kas/Less cash and cash equivalents                                  (52,025)               (70,353)

      Utang bersih/Net debt                                                                       905,894                  921,445

      Jumlah ekuitas/Total equity                                                                 (89,808)                 (86,139)

      Rasio utang terhadap modal/Debt to equity ratio (%)                                        (1,008.70)              (1,069.72)




     Dasar Penentuan Kebijakan Struktur Modal Perusahaan
     Basis for Determining the Company’s Capital Structure Policy
     Untuk mendukung kelangsungan usaha jangka panjang              To support long-term business sustainability while delivering
     sekaligus memberikan nilai optimal bagi pemegang saham         optimal value to shareholders and other stakeholders, the
     dan pemangku kepentingan lainnya, Perseroan menetapkan         Company establishes a capital structure that maintains
     struktur modal yang seimbang antara ekuitas dan utang,         a balanced composition between equity and debt with a
     dengan tingkat risiko yang terukur. Penetapan kebijakan ini    measurable level of risk. In determining this policy, the Company
     mempertimbangkan berbagai faktor strategis, antara lain:       considers various strategic factors, including medium- to long-
     tujuan bisnis jangka menengah hingga panjang, kebijakan        term business objectives, dividend policy, business growth
     dividen, prospek pertumbuhan usaha, tingkat suku bunga         prospects, borrowing interest rates, and market dynamics that
     pinjaman, serta dinamika pasar yang dapat memengaruhi          may affect the cost and availability of funding.
     biaya dan akses pendanaan.




     Kebijakan Manajemen atas Struktur Modal
     Management Policy on Capital Structure
     Perseroan menetapkan kebijakan struktur modal sebagai          The Company has established its capital structure policy
     bagian dari strategi pengelolaan sumber pendanaan              as part of its strategy in managing funding sources for
     operasional, dengan tujuan mencapai keseimbangan yang          operations, with the objective of achieving an optimal
     optimal antara modal sendiri dan pinjaman. Pendekatan          balance between equity and borrowings. This approach is
     ini dirancang untuk mendukung pertumbuhan usaha yang           designed to support sustainable business growth while
     berkelanjutan sekaligus tetap mematuhi ketentuan hukum         ensuring compliance with prevailing laws and regulations.
     yang berlaku.


     Hingga akhir tahun 2025, Perseroan tetap menerapkan            As of the end of 2025, the Company continued to implement
     kebijakan manajemen struktur modal yang konsisten dengan       a capital structure management policy consistent with
     strategi sebelumnya. Komposisi liabilitas jangka pendek        its previous strategy. current liabilities were recorded at
     tercatat sebesar Rp942.606 juta, sementara liabilitas          Rp942,606 million, while non-current liabilities amounted
     jangka panjang mencapai Rp15.313 juta, menunjukkan tren        to Rp15,313 million, reflecting a relatively stable trend
     yang relatif stabil dibandingkan tahun 2024. Sementara itu,    compared to 2024. Meanwhile, the Company’s equity
     ekuitas Perseroan tercatat meningkat menjadi Rp(89.808),       increased to Rp(89,808) million, in line with its financial
     menyesuaikan dengan kondisi kinerja keuangan Perseroan         performance in 2025. The debt-to-equity ratio (DER) for
     di tahun 2025. Rasio liabilitas terhadap ekuitas untuk tahun   2025 was recorded at (1,066.63%), indicating that the




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2025 tercatat sebesar (1.066,63%), menunjukkan proporsi       proportion of debt to equity remained manageable, despite
utang terhadap ekuitas yang masih terkendali, meskipun        the negative equity position, and improved compared to
ekuitas meningkat dibandingkan rasio tahun 2024 yang          (1,151.39%) in 2024.
sebesar (1.151,39%).




Ikatan Material untuk
Investasi Barang Modal
Material Commitments Related to Capital Asset Investments

Sepanjang tahun 2025, Perseroan tidak mencatat adanya         Throughout 2025, the Company did not record any material
ikatan material yang terkait dengan investasi barang modal.   commitments related to capital expenditures. This indicates
Kondisi ini menunjukkan bahwa tidak terdapat transaksi        that there were no investment transactions with a significant
investasi yang memiliki dampak signifikan terhadap arus kas   impact on the Company’s cash flows or financial performance
maupun kinerja keuangan Perseroan selama periode tersebut.    during the period.




Investasi Barang Modal
Capital Expenditures

Investasi barang modal menjadi bagian dari strategi           Capital expenditures form part of the Company’s strategy to
Perseroan untuk menjaga daya saing dan mendukung              maintain competitiveness and support business operations.
operasional bisnis. Melalui pembelian atau pembangunan        Through the acquisition or development of assets such
aset seperti mesin, peralatan, bangunan, dan teknologi,       as machinery, equipment, buildings, and technology, the
Perseroan berupaya menciptakan nilai jangka panjang bagi      Company aims to create long-term value for shareholders
pemegang saham dan pemangku kepentingan.                      and stakeholders.


Pada tahun 2025, Perseroan memilih untuk tidak melakukan      In 2025, the Company did not undertake any capital
investasi barang modal. Keputusan ini diambil berdasarkan     expenditures. This decision was made based on an evaluation
evaluasi kondisi eksternal dan internal yang memengaruhi      of both external and internal conditions affecting investment
kelayakan investasi, serta mempertimbangkan kondisi           feasibility, as well as considerations regarding the economic
ekonomi dan prioritas penggunaan dana yang tersedia.          environment and the prioritization of available funds.




Informasi dan Fakta Material
Setelah Tanggal Laporan Akuntan
Subsequent Events

Perseroan tidak memiliki informasi fakta material yang        The Company did not have any material subsequent events
terjadi setelah tanggal laporan akuntan Perseroan.            occurring after the date of the independent auditor’s report.




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     Prospek Usaha
     Business Prospects

     Perseroan memandang prospek usaha pada tahun 2026              The Company views business prospects in 2026 as remaining
     tetap terbuka seiring dengan proyeksi pertumbuhan ekonomi      favorable, supported by projected national economic growth
     nasional serta perkembangan sektor konstruksi yang masih       and the continued expansion of the construction sector.
     menunjukkan potensi peningkatan aktivitas. Berlanjutnya        Ongoing development of infrastructure, housing, and public
     pembangunan infrastruktur, perumahan, dan fasilitas publik     facilities is expected to further drive demand for building
     diperkirakan akan terus mendorong permintaan terhadap          materials in the domestic market.
     produk bahan bangunan di pasar domestik.


     Berdasarkan proyeksi Bank Indonesia, perekonomian              According to projections by Bank Indonesia, Indonesia’s
     Indonesia pada tahun 2026 diperkirakan tetap tumbuh            economy in 2026 is expected to continue growing, supported
     dengan dukungan sektor-sektor yang berkaitan dengan            by sectors related to development activities and connectivity.
     aktivitas pembangunan dan konektivitas. Sektor Transportasi    The transportation and warehousing sector is projected to
     dan Pergudangan diproyeksikan mencatat pertumbuhan             record the highest growth, ranging from 10.8% to 11.6%
     tertinggi dalam kisaran 10,8%–11,6% (YoY), diikuti sektor      (YoY), followed by the information and communication sector
     Informasi dan Komunikasi yang diperkirakan tumbuh 8,0%–        at 8.0%–8.8% (YoY). Meanwhile, the construction sector is
     8,8% (YoY). Sementara itu, sektor Konstruksi diproyeksikan     projected to grow between 7.5% and 8.3% (YoY), in line with
     tumbuh dalam kisaran 7,5%–8,3% (YoY), sejalan dengan           ongoing infrastructure development and various projects
     berlanjutnya pembangunan infrastruktur dan berbagai            across Indonesia. These projections reflect increasing
     proyek pembangunan di berbagai wilayah Indonesia. Proyeksi     economic activity driven by domestic demand and the
     tersebut mencerminkan meningkatnya aktivitas ekonomi           development of national connectivity infrastructure.
     yang didorong oleh permintaan domestik serta pembangunan
     fasilitas penunjang konektivitas nasional.


     Dari sisi industri, prospek sektor konstruksi juga didukung    From an industry perspective, the outlook for the construction
     oleh sejumlah proyek prioritas pemerintah, termasuk            sector is also supported by several government priority
     pembangunan Ibu Kota Nusantara (IKN), pengembangan             projects, including the development of IKN, transportation
     infrastruktur transportasi, pembangunan energi, jalan          infrastructure expansion, energy projects, toll roads, as well
     tol, serta berbagai proyek fasilitas publik seperti Sistem     as public facility projects such as water supply systems
     Penyediaan Air Minum (SPAM) dan pembangunan                    (SPAM) and housing development for civil servants. According
     perumahan bagi aparatur sipil negara. Menurut Asosiasi         to the Indonesian Contractors Association (AKI), government
     Kontraktor Indonesia (AKI), dukungan belanja infrastruktur     infrastructure spending, the adoption of construction
     pemerintah, pemanfaatan teknologi konstruksi seperti           technologies such as Building Information Modeling (BIM), and
     Building Information Modeling (BIM), serta penerapan           the implementation of sustainable development standards
     standar pembangunan berkelanjutan seperti Greenship            such as Greenship and the Net Zero Building concept are
     dan konsep Net Zero Building menjadi faktor yang turut         expected to create further opportunities for industry players
     membuka peluang bagi pelaku usaha di sektor konstruksi         in the coming years.
     dalam beberapa tahun ke depan.


     Sejalan dengan perkembangan tersebut, Perseroan melihat        In line with these developments, the Company sees
     peluang pertumbuhan usaha dari meningkatnya aktivitas          growth opportunities arising from increasing development
     pembangunan di sektor publik maupun swasta. Selain proyek-     activities in both the public and private sectors. In addition
     proyek pemerintah, permintaan juga diperkirakan berasal dari   to government projects, demand is also expected to come
     pembangunan perumahan, fasilitas komersial, serta kawasan      from residential developments, commercial facilities, and
     industri yang terus berkembang. Dalam menjalankan kegiatan     expanding industrial areas. In conducting its business, the
     usahanya, Perseroan masih mengandalkan segmen distributor      Company continues to rely on the distributor segment as the
     sebagai kontributor utama penjualan, yang memungkinkan         primary contributor to sales, enabling its building materials
     produk bahan bangunan Perseroan menjangkau jaringan            products to reach a wider market network. Meanwhile, the
     pasar yang lebih luas. Di sisi lain, segmen ritel melalui      retail segment, through Belanja Keramik and Mitraruma,
     jaringan Belanja Keramik dan Mitraruma juga memberikan         provides additional support in expanding customer access
     dukungan tambahan dalam memperluas akses pelanggan             and enhancing sales potential through the integration of
     serta meningkatkan potensi penjualan melalui integrasi kanal   offline and online distribution channels.
     distribusi offline dan online.



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Di tengah peluang tersebut, Perseroan tetap memperhatikan                   Amid these opportunities, the Company remains mindful of
sejumlah tantangan yang dapat memengaruhi kinerja usaha,                    several challenges that may affect its business performance,
antara lain tingkat persaingan di pasar bahan bangunan,                     including competition in the building materials market,
fluktuasi harga material konstruksi, serta perubahan pola                   fluctuations in construction material prices, and changes
permintaan konsumen. Untuk menghadapi dinamika tersebut,                    in consumer demand patterns. To address these dynamics,
Perseroan terus berupaya meningkatkan efisiensi operasional,                the Company continues to improve operational efficiency,
memperkuat hubungan kemitraan dengan pemasok, serta                         strengthen partnerships with suppliers, and enhance human
meningkatkan kompetensi sumber daya manusia guna                            capital capabilities to ensure smooth product distribution and
memastikan kelancaran distribusi produk dan menjaga daya                    maintain competitiveness in the market.
saing di pasar.




Perbandingan Target dengan Realisasi
di Tahun 2025 serta Target Tahun 2026
Comparison Between 2025 Target and Realization
and 2026 Target

Sepanjang tahun 2025, Perseroan terus memperkuat layanan,                   Throughout 2025, the Company continued to enhance its
memperluas portofolio produk bahan bangunan, serta                          services, expand its building materials product portfolio, and
mengembangkan kanal online marketplace dan bisnis ritel                     develop its online marketplace channels as well as its retail
melalui Belanja Keramik dan Mitraruma. Langkah-langkah ini                  business through Belanja Keramik and Mitraruma. These
mendukung visi jangka panjang Perseroan untuk melakukan                     initiatives support the Company’s long-term vision of achieving
transformasi bisnis secara berkelanjutan. Hasilnya, Perseroan               sustainable business transformation. As a result, the Company
berhasil mencapai sebagian besar target yang telah ditetapkan               successfully achieved most of the targets set for 2025.
untuk tahun 2025.


Menanggapi dinamika ekonomi nasional yang cukup                             In response to the relatively challenging and fluctuating national
menantang dan cenderung fluktuatif, Perseroan menetapkan                    economic conditions, the Company has set its 2026 targets on
target tahun 2026 secara realistis, dengan fokus pada                       a prudent and realistic basis, with a focus on strengthening
penguatan kinerja dan keberlanjutan usaha.                                  performance and ensuring business sustainability.


Tabel di bawah ini menyajikan perbandingan antara target                    The table below presents a comparison between the 2025
2025, realisasi 2025, dan target yang direncanakan untuk                    targets, the 2025 realization, and the targets set for 2026:
tahun 2026:

(Dalam Jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)

                Uraian                               Target 2025                     Realisasi 2025                       Target 2026
              Description                            2025 Target                    2025 Realizations                     2026 Target

 Pendapatan/Sales                                                3,581,230                         3,194,683                            3,645,031

 Laba (Rugi)/Profit (Loss)                                           27,030                           (5,298)                             29,957

 Aset/Assets                                                      1,022,767                           868,111                           1,035,311

 Liabilitas/Liabilities                                          1,082,203                            957,919                           1,089,772

 Ekuitas/Equity                                                    (59,435)                          (89,808)                            (54,461)

 Kebijakan Dividen/Dividend Policy          Kebijakan dividen mengikuti ketentuan di dalam Anggaran Dasar dan peraturan yang disepakati
                                            melalui mekanisme RUPST dengan mempertimbangkan kondisi keuangan Perseroan.
                                            The dividend policy follows the provisions in the Articles of Association and regulations
                                            agreed through the AGMS mechanism by considering the Company’s financial condition.




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     Kebijakan Dividen
     Dividend Policy

     Kebijakan pembagian dividen Perseroan dilaksanakan             The Company’s dividend policy is implemented in accordance
     sesuai dengan ketentuan dalam Anggaran Dasar Perseroan         with the provisions of its Articles of Association and prevailing
     serta peraturan perundang-undangan yang berlaku, dan           laws and regulations, and is determined through approval by
     ditetapkan melalui persetujuan pemegang saham dalam            shareholders at the Annual General Meeting of Shareholders
     Rapat Umum Pemegang Saham Tahunan (RUPST). Keputusan           (AGMS). Such decisions are made based on the Board of
     tersebut didasarkan pada rekomendasi Direksi dengan            Directors’ recommendations, taking into consideration
     mempertimbangkan kinerja keuangan Perseroan, kondisi           the Company’s financial performance, cash flow position,
     arus kas, kebutuhan pendanaan operasional, serta rencana       operational funding requirements, and future business
     pengembangan usaha di masa mendatang.                          development plans.


     Sebagai bentuk komitmen kepada pemegang saham,                 As a commitment to shareholders, the Company generally
     Perseroan pada prinsipnya berupaya untuk membagikan            aims to distribute cash dividends at least once a year,
     dividen tunai sekurang-kurangnya satu kali dalam setahun,      provided that the Company records sufficient net profit after
     sepanjang Perseroan membukukan laba bersih yang memadai        taking into account the required appropriation for statutory
     setelah memperhitungkan penyisihan dana cadangan               reserves and other obligations in accordance with applicable
     sesuai ketentuan yang berlaku serta pemenuhan kewajiban        regulations. However, dividend distribution decisions are
     lainnya. Namun demikian, keputusan pembagian dividen juga      also subject to the Company’s financial performance in the
     mempertimbangkan kondisi kinerja keuangan Perseroan            relevant financial year.
     pada tahun buku yang bersangkutan.


     Dalam dua tahun buku terakhir, Perseroan masih mencatatkan     Over the past two financial years, the Company has
     kinerja keuangan yang belum memungkinkan dilakukannya          recorded financial performance that did not allow for
     pembagian dividen, sehingga Perseroan memprioritaskan          dividend distribution; therefore, the Company prioritized
     penggunaan dana untuk menjaga stabilitas keuangan dan          the use of funds to maintain financial stability and support
     mendukung keberlanjutan operasional usaha.                     business continuity.


     Berdasarkan hasil keputusan RUPST pada tanggal 20 Juni         Based on the resolution of the AGMS held on June 20, 2024,
     2024 yang dicatat dalam Akta Berita Acara Rapat Umum           as stated in the Deed of Minutes of the Annual General
     Pemegang Saham Tahunan PT Kokoh Inti Arebama Tbk               Meeting of Shareholders of PT Kokoh Inti Arebama Tbk No.
     No. 23 yang ditandatangani oleh Notaris Sri Hidianingsih       23, drawn up by Notary Sri Hidianingsih Adi Sugijanto, S.H.,
     Adi Sugijanto, S.H., Perseroan memutuskan untuk tidak          the Company resolved not to appropriate retained earnings
     melakukan penyisihan laba dan tidak membagikan dividen         and not to distribute dividends for the financial year 2023.
     kepada para pemegang saham untuk tahun buku 2023.              Accordingly, the Company did not distribute dividends in the
     Dengan demikian, Perseroan memutuskan tidak membagikan         past two financial years.
     dividen dalam dua tahun terakhir.


     Kemudian berdasarkan hasil keputusan RUPST pada tanggal        Furthermore, based on the resolution of the AGMS held on
     20 Juni 2025 yang dicatat dalam Akta Berita Acara Rapat        June 20, 2025, as stated in the Deed of Minutes of the Annual
     Umum Pemegang Saham Tahunan PT Kokoh Inti Arebama              General Meeting of Shareholders of PT Kokoh Inti Arebama
     Tbk No. 39 yang ditandatangani oleh Notaris Sri Hidianingsih   Tbk No. 39, drawn up by Notary Sri Hidianingsih Adi Sugijanto,
     Adi Sugijanto, S.H., Perseroan memutuskan untuk tidak          S.H, the Company resolved not to appropriate retained
     melakukan penyisihan laba dan tidak membagikan dividen         earnings and not to distribute dividends for the financial year
     kepada para pemegang saham untuk tahun buku 2024.              2024. Accordingly, the Company did not distribute dividends
     Dengan demikian, Perseroan memutuskan tidak membagikan         in the past two financial years.
     dividen dalam dua tahun terakhir.




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Realisasi Penggunaan
Dana Hasil Penawaran Umum
Realization of Proceeds from Public Offering

Hingga akhir tahun 2025, Perseroan tidak melakukan             As of the end of 2025, the Company did not conduct any
penawaran saham kepada publik atau melakukan perubahan         public offering of shares or changes in the use of proceeds
penggunaan dana hingga saat laporan ini diterbitkan.           from public offerings up to the date of this report.




Informasi Investasi, Ekspansi, Divestasi,
Penggabungan/Peleburan, Akuisisi, dan/
atau Restrukturisasi Utang/Modal
Information on Investments, Expansion, Divestment, Mergers/
Consolidations, Acquisitions, and/or Debt/Capital Restructuring

Perseroan pada tahun 2025 menginformasikan tidak               In 2025, the Company did not undertake any material
melakukan investasi, ekspansi, penggabungan usaha, akuisisi,   investments, expansion activities, mergers, acquisitions, or
maupun restrukturisasi utang atau modal yang signifikan.       debt or capital restructuring.




Informasi Transaksi Material yang
Mengandung Benturan Kepentingan
dan/atau Transaksi dengan Pihak Afiliasi/
Pihak Berelasi
Information on Material Transactions Containing Conflicts
of Interest and/or Related Party Transactions

Perseroan secara konsisten memastikan bahwa setiap             The Company consistently ensures that all material
transaksi material dengan pihak afiliasi diungkapkan secara    transactions with related parties are disclosed transparently
transparan dalam laporan keuangan, mencakup nilai, tujuan,     in the financial statements, including their value, purpose,
dan ketentuan pelaksanaan transaksi. Transaksi tersebut        and terms of execution. Such transactions may include the
dapat berupa pembelian atau penjualan barang dan jasa,         purchase or sale of goods and services, granting or receiving




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     pemberian atau penerimaan pinjaman, penyediaan atau                loans, provision or receipt of services, as well as other fund or
     penerimaan layanan, serta aliran dana atau aset lainnya            asset flows between the Company and related parties.
     antara Perseroan dan pihak berelasi.


     Mengacu pada SEOJK 16, sepanjang tahun 2025 Perseroan              Referring to OJK Regulation No. 16/SEOJK.04/2021, throughout
     rutin melakukan transaksi dengan pihak afiliasi untuk              2025 the Company routinely entered into transactions with
     mendukung pertumbuhan pendapatan, sambil tetap                     related parties to support revenue growth, while ensuring that
     menjaga agar tidak menimbulkan benturan kepentingan.               such transactions do not give rise to any conflict of interest.
     Rincian mengenai sifat, jenis, dan saldo transaksi dengan          Details regarding the nature, type, and outstanding balances
     pihak berelasi dapat ditemukan dalam Laporan Keuangan              of related party transactions are disclosed in Note 18 to the
     Konsolidasian 2025 pada catatan 18. Pengungkapan ini               2025 Consolidated Financial Statements. This disclosure
     menegaskan komitmen Perseroan terhadap transparansi,               reflects the Company’s commitment to transparency,
     akuntabilitas, dan kepatuhan terhadap peraturan serta              accountability, and compliance with applicable regulations
     standar pelaporan yang berlaku.                                    and reporting standards.




     Pernyataan Direksi Mengenai
     Kewajaran Transaksi dengan Pihak Afiliasi
     Statement of the Board of Directors on
     the Fairness of Related Party Transactions

     Direksi Perseroan memastikan bahwa setiap transaksi dengan         The Board of Directors confirms that all related party
     pihak afiliasi dilaksanakan sesuai dengan prinsip wajar (arm’s-    transactions are conducted in accordance with the arm’s-
     length principle). Untuk itu, Dewan Komisaris dan Komite           length principle. In this regard, the Board of Commissioners
     Audit berperan aktif dalam memantau transaksi afiliasi,            and the Audit Committee actively oversee related party
     mengidentifikasi potensi risiko, memberikan rekomendasi            transactions, identify potential risks, provide mitigation
     mitigasi, serta memastikan komunikasi yang terbuka dengan          recommendations, and ensure open communication with all
     seluruh pihak terkait.                                             relevant parties.


     Perseroan berkomitmen untuk mematuhi standar etika dan             The Company is committed to adhering to ethical standards
     praktik bisnis yang baik, sehingga setiap transaksi dengan         and good business practices, ensuring that all related party
     pihak terkait dilakukan secara adil dan objektif. Pendekatan ini   transactions are conducted fairly and objectively. This
     menjamin integritas Perseroan dan memperkuat transparansi          approach safeguards the Company’s integrity and strengthens
     dalam seluruh aktivitas bisnis sepanjang tahun 2025.               transparency across all business activities throughout 2025.




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Peran Dewan Komisaris dan Komite Audit
Role of the Board of Commissioners and the Audit Committee

Dewan Komisaris dan Komite Audit menjalankan fungsi           The Board of Commissioners and the Audit Committee
pengawasan untuk memastikan bahwa transaksi dengan            perform oversight functions to ensure that related party
pihak afiliasi telah melalui prosedur yang memadai dan        transactions have undergone proper procedures and are
dilaksanakan sesuai dengan praktik bisnis yang berlaku        conducted in accordance with generally accepted business
umum. Pengawasan tersebut dilakukan dengan memastikan         practices. This supervision ensures that all transactions
bahwa setiap transaksi memenuhi prinsip kewajaran transaksi   comply with the arm’s-length principle and do not create any
(arm’s-length principle) serta tidak menimbulkan benturan     conflict of interest for the Company.
kepentingan bagi Perseroan.




Perubahan Peraturan Perundang-Undangan
Changes in Laws and Regulations

Selama tahun 2025, Perseroan tidak mengalami perubahan        During 2025, the Company did not experience any changes in
dalam peraturan hukum yang memengaruhi kinerjanya.            laws and regulations that had an impact on its performance.




Perubahan Kebijakan Akuntansi
Changes in Accounting Policies

Pada tahun 2025, tidak terdapat standar akuntansi baru        In 2025, there were no new or amended accounting standards
maupun perubahan standar akuntansi yang berlaku yang          adopted that had a material impact on the Company’s
memiliki dampak material terhadap laporan keuangan            financial statements.
Perseroan.




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      05
      Tata Kelola
      Perusahaan
      Good Corporate
      Governance


      Perseroan memastikan bahwa setiap kebijakan
      dan keputusan bisnis dilakukan secara transparan,
      adil, dan bertanggung jawab, sehingga mampu
      menciptakan nilai tambah jangka panjang bagi
      pemegang saham dan masyarakat.
      The Company ensures that every business policy and decision
      is made transparently, fairly, and responsibly, thereby creating
      long-term value for shareholders and society.




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                                            TATA KELOLA PERUSAHAAN
                                            Good Corporate Governance




      Dasar dan Komitmen
      Penerapan Governansi Korporat
      Basis and Commitment to Corporate Governance Implementation
      Governansi korporat merupakan sistem yang menjadi                 Corporate governance is the system that serves as the basis
      landasan     bagi    Perseroan    dalam     mengarahkan,          for the Company in directing, controlling, and overseeing
      mengendalikan, dan mengawasi kegiatan usaha secara                business activities on an ongoing basis. Sound corporate
      berkesinambungan. Governansi korporat yang baik                   governance serves as a strategic guide to maintaining
      berfungsi sebagai pedoman strategis untuk menjaga                 integrity,  enhancing     accountability,  and     building
      integritas, meningkatkan akuntabilitas, serta membangun           stakeholder trust. Through the consistent implementation
      kepercayaan pemangku kepentingan. Dengan penerapan                of corporate governance, the Company ensures that every
      governansi korporat yang konsisten, Perseroan memastikan          business policy and decision is made transparently, fairly,
      bahwa setiap kebijakan dan keputusan bisnis dilakukan             and responsibly, thereby creating long-term value for
      secara transparan, adil, dan bertanggung jawab, sehingga          shareholders and society.
      mampu menciptakan nilai tambah jangka panjang bagi
      pemegang saham dan masyarakat.


      Untuk mewujudkan praktik governansi korporat yang kokoh,          To realize sound corporate governance practices, the
      Perseroan menempatkan kepatuhan terhadap regulasi                 Company places regulatory compliance as its primary
      sebagai landasan utama. Regulasi dan pedoman yang                 foundation. Applicable regulations and guidelines serve as a
      berlaku berfungsi sebagai kerangka kerja yang memperkuat          framework that strengthens the integrity and sustainability
      integritas dan keberlanjutan praktik bisnis. Oleh karena          of business practices. Therefore, the Company consistently
      itu, Perseroan senantiasa berlandaskan pada kebijakan-            adheres to the following policies:
      kebijakan berikut ini:
      1. Undang-Undang Republik Indonesia No. 14 Tahun 2008             1.   Law of the Republic of Indonesia No. 14 of 2008 on
          tentang Keterbukaan Informasi                                      Public Information Disclosure
      2. Peraturan OJK No. 21/POJK.04/2015 tentang Penerapan            2.   OJK Regulation No. 21/POJK.04/2015 on the Implementation
          Pedoman Tata Kelola Perusahaan Terbuka                             of Corporate Governance Guidelines for Public Companies
      3. Surat Edaran OJK No. 32/SEOJK.04/2015 tentang                  3.   OJK Circular Letter No. 32/SEOJK.04/2015 on Corporate
          Pedoman Tata Kelola Perusahaan Terbuka                             Governance Guidelines for Public Companies
      4. Pedoman Umum Governansi Korporat Indonesia (PUGKI)             4.   Indonesian Code of Good Corporate Governance (PUGKI)
          2021 yang diterbitkan oleh Komite Nasional Kebijakan               2021 issued by the National Committee on Governance
          Governansi (KNKG)                                                  Policy (KNKG)
      5. SCG Corporate Governance Principles                            5.   SCG Corporate Governance Principles
      6. Kode Etik SCG                                                  6.   SCG Code of Conduct




      Prinsip Governansi Korporat
      Principles of Corporate Governance
      Sebagai bagian dari upaya memperkuat integritas,                  As part of efforts to strengthen integrity, the Company
      Perseroan menerapkan prinsip-prinsip governansi korporat          applies the principles of corporate governance as set forth in
      sebagaimana tercantum dalam Pedoman Umum Governansi               the Indonesian General Guidelines on Corporate Governance
      Korporat Indonesia (PUGKI) yang diterbitkan oleh Komite           (PUGKI) published by the National Committee on Governance
      Nasional Kebijakan Governansi (KNKG), yaitu:                      Policy (KNKG), namely:
      1. Etika (Ethics)                                                 1. Ethics
         Penerapan standar moral, integritas, dan perilaku etis             The application of moral standards, integrity, and
         dalam setiap aktivitas bisnis.                                     ethical conduct in all business activities.




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2. Transparansi (Transparency)                               2. Transparency
   Keterbukaan informasi sebagai dasar kepercayaan publik       Information disclosure as the foundation for public
   dan hubungan yang sehat dengan pemangku kepentingan.         trust and healthy relationships with stakeholders.
3. Akuntabilitas (Accountability)                            3. Accountability
   Memastikan setiap kebijakan dan keputusan dapat              Ensuring that every policy and decision is clearly and
   dipertanggungjawabkan secara jelas dan terukur.              measurably accountable.
4. Kewajaran (Fairness)                                      4. Fairness
   Menjamin adanya perlakuan setara dan tidak                   Ensuring equal and non-discriminatory treatment of all
   diskriminatif terhadap seluruh pemangku kepentingan.         stakeholders.




Struktur Governansi Korporat
Corporate Governance Structure
Struktur governansi korporat Perseroan dibangun atas         The Company’s corporate governance structure is built upon
tiga organ utama yang saling melengkapi, yaitu organ         three complementary main bodies: the ownership body, the
kepemilikan, organ pengelolaan, dan organ pengawasan.        management body, and the supervisory body. These three
Ketiganya berfungsi menjaga keseimbangan antara hak          bodies work to maintain a balance between shareholder
pemegang saham, pelaksanaan operasional, dan efektivitas     rights, operational execution, and the effectiveness of
pengawasan, sehingga tercipta mekanisme governansi           oversight, thereby creating a transparent and accountable
korporat yang transparan dan akuntabel.                      corporate governance mechanism.


Organ utama Perseroan yang menjadi struktur governansi       The Company’s main bodies that constitute its corporate
korporat Perseroan terdiri dari:                             governance structure consist of:
1. Rapat Umum Pemegang Saham (RUPS)                          1. General Meeting of Shareholders (GMS)
2. Dewan Komisaris                                           2. Board of Commissioners
3. Direksi                                                   3. Board of Directors


Pelaksanaan tugas ketiga organ utama Perseroan memperoleh    The performance of duties by the Company’s three main
dukungan dari organ pendukung yang berperan memperkuat       governing bodies is supported by auxiliary bodies that
fungsi pengawasan, kepatuhan, dan komunikasi dengan          strengthen oversight, compliance, and communication with
pemangku kepentingan. Organ pendukung tersebut antara        stakeholders. These auxiliary bodies include the Audit
lain adalah Komite Audit, Komite Nominasi dan Remunerasi,    Committee, the Nomination and Remuneration Committee,
Unit Audit Internal, serta Sekretaris Perusahaan.            the Internal Audit Unit, and the Corporate Secretary.




Rapat Umum Pemegang Saham
General Meeting of Shareholders
[IDX G-08]



Rapat Umum Pemegang Saham (RUPS) merupakan organ             The General Meeting of Shareholders (GMS) is the highest
tertinggi dalam struktur governansi korporat yang memiliki   body in the corporate governance structure and holds full
kewenangan penuh atas Perseroan. RUPS menjadi wadah          authority over the Company. The GMS serves as a forum for
bagi pemegang saham untuk menetapkan arah kebijakan          shareholders to set strategic policy directions and make
strategis serta mengambil keputusan penting yang menjadi     important decisions that form the basis for the Company’s
dasar bagi keberlangsungan usaha. RUPS juga berfungsi        business continuity. The GMS also functions as a mechanism
sebagai sarana akuntabilitas, di mana Direksi dan Dewan      for accountability, where the Board of Directors and the
Komisaris    menyampaikan     pertanggungjawaban     atas    Board of Commissioners report on the performance of their
pelaksanaan tugasnya kepada pemegang saham.                  duties to the shareholders.




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                                             TATA KELOLA PERUSAHAAN
                                             Good Corporate Governance




      Sebagai forum pengambilan keputusan tertinggi, RUPS                As the highest decision-making forum, the General Meeting
      memiliki kewenangan khusus yang tidak dimiliki oleh Direksi        of Shareholders (GMS) holds specific authorities that
      maupun Dewan Komisaris. Kewenangan ini mencakup:                   are not vested in the Board of Directors or the Board of
                                                                         Commissioners. These authorities include:
      1.   Menyetujui perubahan Anggaran Dasar Perseroan;                1. Approving amendments to the Company’s Articles of
                                                                             Association;
      2. Mengangkat dan memberhentikan anggota Dewan                     2. Appointing and dismissing members of the Board of
         Komisaris dan Direksi;                                              Commissioners and the Board of Directors;
      3. Menetapkan pembagian tugas serta wewenang Direksi;              3. Determining the allocation of duties and authorities of the
                                                                             Board of Directors;
      4. Mengevaluasi kinerja Dewan Komisaris dan Direksi;               4. Evaluating the performance of the Board of Commissioners
                                                                             and the Board of Directors;
      5. Menyetujui laporan tahunan dan pengesahan laporan               5. Approving the annual report and ratifying the Company’s
         keuangan Perseroan;                                                 financial statements;
      6. Menetapkan penggunaan laba bersih, termasuk                     6. Determining the appropriation of net profit, including
         pembagian dividen;                                                  dividend distribution;
      7. Menentukan remunerasi Dewan Komisaris dan Direksi;              7. Determining the remuneration of the Board of
                                                                             Commissioners and the Board of Directors;
      8. Memutuskan penunjukan dan/atau pemberhentian                    8. Deciding on the appointment and/or dismissal of the Public
         Kantor Akuntan Publik (KAP) dan/atau Akuntan Publik                 Accounting Firm (PAF) and/or Public Accountant (PA) providing
         (AP) yang memberikan jasa audit atas informasi                      audit services for annual historical financial information;
         keuangan historis tahunan;
      9. Membuat keputusan mengenai tindakan korporasi dan               9. Making decisions on corporate actions and transactions
         transaksi yang memiliki benturan kepentingan.                      involving conflicts of interest.


      Kewenangan tersebut menegaskan pentingnya posisi RUPS              These authorities underline the importance of the GMS
      dalam memastikan arah dan keberlanjutan Perseroan.                 in ensuring the Company’s direction and sustainability.
      Oleh karena itu, Perseroan berkomitmen untuk melindungi            Therefore, the Company is committed to protecting and
      dan memenuhi hak seluruh pemegang saham, termasuk                  fulfilling the rights of all shareholders, including minority
      pemegang saham minoritas, dengan memberlakukan prinsip             shareholders, by upholding the principle of fairness in the
      keadilan dalam pelaksanaan hak-hak dasar pemegang                  exercise of basic shareholder rights. These basic rights, as
      saham. Hak-hak dasar tersebut sebagaimana tercantum                stated in the Indonesian Code of Good Corporate Governance
      dalam PUGKI 2021 meliputi:                                         (PUGKI) 2021, include:
      1. Memperoleh secara teratur dan tepat waktu informasi             1. Receiving relevant material information about the
         material yang relevan tentang Perseroan;                            Company in a timely and regular manner;
      2. Berpartisipasi dan memberikan suara dalam RUPS;                 2. Participating and voting in the GMS;
      3. Mengangkat dan memberhentikan anggota Dewan                     3. Appointing and dismissing members of the Board of
         Komisaris dan Direksi, dan;                                         Commissioners and the Board of Directors; and
      4. Memperoleh bagian laba Perseroan (dalam bentuk                  4. Receiving a share of the Company’s profits (in the form
         dividen).                                                           of dividends).


      Untuk menjamin hak-hak pemegang saham dapat dijalankan             To ensure that shareholders’ rights are effectively exercised, the
      secara efektif, Perseroan diwajibkan menyelenggarakan RUPS         Company is required to hold the GMS as the primary mechanism
      sebagai mekanisme utama penegakan hak kepemilikan. Sesuai          for enforcing ownership rights. In accordance with applicable
      ketentuan peraturan perundang-undangan dan Anggaran                laws and regulations as well as the Articles of Association, the
      Dasar, Perseroan dapat menyelenggarakan 2 jenis RUPS, yaitu:       Company may convene two types of GMS, namely:
      1. RUPS Tahunan (RUPST), yang wajib dilaksanakan sekali            1. Annual General Meeting of Shareholders (AGMS), which
          dalam setiap tahun buku, paling lambat enam bulan                  must be held once every financial year, no later than six
          setelah tahun buku berakhir. Agenda utama RUPST                    months after the end of the financial year. The main agenda
          mencakup pembahasan laporan tahunan, pengesahan                    of the AGMS includes the discussion of the annual report,
          laporan keuangan, serta agenda rutin lainnya sesuai                ratification of the financial statements, and other routine
          ketentuan yang berlaku.                                            agendas as required by regulations.
      2. RUPS Luar Biasa (RUPSLB), yang dapat diadakan                   2. Extraordinary General Meeting of Shareholders (EGMS),
          sewaktu-waktu sepanjang tahun berjalan apabila terdapat            which may be convened at any time during the year if there
          kebutuhan mendesak atau keputusan penting yang harus               is an urgent need or important decisions that must be made
          segera ditetapkan. Penyelenggaraan RUPSLB dilakukan                promptly. The EGMS is conducted in accordance with the
          sesuai dengan Anggaran Dasar dan peraturan perundang-              Articles of Association and applicable laws and regulations.
          undangan yang berlaku.


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RUPS Tahunan 2025
2025 Annual General Meeting of Shareholders
Tahapan Penyelenggaraan RUPS Tahunan 2025                       Stages of the 2025 Annual GMS
Sesuai dengan Peraturan OJK No. 15/POJK.04/2020,                In accordance with Financial Services Authority Regulation
Perseroan telah melaksanakan tahapan perencanaan                No. 15/POJK.04/2020, the Company has carried out the
dan penyelenggaraan Rapat Umum Pemegang Saham                   planning and implementation stages of the 2025 Annual
Perusahaan Tahunan (RUPST) 2025. Info grafis berikut            General Meeting of Shareholders (AGMS). The infographic
menjelaskan tahapan yang telah dilakukan oleh Perseroan:        below illustrates the stages undertaken by the Company:


          Tanggal                                                      Tahapan
            Date                                                        Stages

                              Pemberitahuan Rencana RUPST 2025
 2 Mei 2025/May 2, 2025
                              Notice of the 2025 AGMS

                              Pengumuman RUPST 2025
 9 Mei 2025/May 9, 2025
                              Announcement of the 2025 AGMS

                              Pemanggilan RUPST 2025
 28 Mei 2025/May 28, 2025
                              Invitation of the 2025 AGMS

                              Penyelenggaraan RUPST 2025
 20 Juni 2025/June 20, 2025
                              Implementation of the 2025 AGMS

                              Pengumuman Ringkasan Risalah RUPST 2025
 24 Juni 2025/June 24, 2025
                              Announcement of the Summary of the 2025 AGMS Minutes



Waktu dan Tempat Penyelenggaraan RUPS Tahunan 2025              Date and Venue of the 2025 Annual GMS
RUPS Tahunan 2025 telah diselenggarakan pada hari Jumat         The 2025 Annual GMS was held on Friday, June 20, 2025,
tanggal 20 Juni 2025, pukul 14.00 – 15.10 WIB, bertempat di     from 2:00 PM to 3:10 PM WIB, at Graha Mobisel, 3rd Floor
Graha Mobisel, Lantai 3 (Meeting Room 301), Jl. Buncit Raya     (Meeting Room 301), Jl. Buncit Raya No. 139, Kalibata,
No. 139, Kalibata, Pancoran, Jakarta Selatan. Rapat dipimpin    Pancoran, South Jakarta. The meeting was chaired by the
oleh Direktur Utama, yaitu Warit Jintanawan yang bertindak      President Director, Warit Jintanawan, who acted as the Chair
sebagai Ketua Rapat. RUPST 2025 dilaksanakan untuk              of the Meeting. The 2025 AGMS was held to discuss the
membahas kinerja Perseroan pada Tahun Buku 2024.                Company’s performance for the 2024 Fiscal Year.


Peserta RUPS Tahunan 2025                                       Participants of the 2025 Annual General Meeting
RUPS Tahunan 2025 dihadiri oleh peserta rapat yang telah        The 2025 Annual GMS was attended by meeting participants as
ditetapkan berdasarkan ketentuan yang berlaku, yaitu:           determined in accordance with applicable regulations, namely:
1. Para Pemegang Saham                                          1. Shareholders
    Rapat dihadiri oleh Pemegang Saham dan/atau kuasa              The meeting was attended by Shareholders and/or their
    Pemegang Saham yang mewakili 895.836.188 saham                 proxies representing 895,836,188 shares, or 91.33% of
    atau mewakili 91,33% dari seluruh saham yang telah             all fully paid-up shares in the Company.
    ditempatkan dan disetor penuh dalam Perseroan.
2. Anggota Direksi                                              2. Board of Directors
    Direktur Utama           : Warit Jintanawan                    President Director           : Warit Jintanawan
    Wakil Direktur Utama     : Thichet Srisuriyon                  Vice President Director      : Thichet Srisuriyon
    Direktur                 : Saran Kaitiwong                     Director                     : Saran Kaitiwong
    Direktur                 : Kittikun Thongdejsri                Director                     : Kittikun Thongdejsri
    Direktur                 : Pattaraphon Charttongkum            Director                     : Pattaraphon Charttongkum
    Direktur Independen      : Y. Agung Kuncoro Hadi               Independent Director         : Y. Agung Kuncoro Hadi
3. Pihak Independen                                             3. Independent Parties
    - Notaris                : Sri Hidianingsih Adi 		             - Notary                 : Sri Hidianingsih Adi 		
                               Sugijanto, S.H.                                                Sugijanto, S.H.
    - Kantor Akuntan Publik : Siddharta Widjaja & Rekan            - Public Accounting Firm : Siddharta Widjaja & Partners
    - Biro Administrasi Efek : PT Adimitra Jasa Korpora            - Securities
                                                                     Administration Agency : PT Adimitra Jasa Korpora




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                                              TATA KELOLA PERUSAHAAN
                                              Good Corporate Governance




      Mekanisme Pengambilan Keputusan                                     Decision-Making Mechanism
      Mekanisme pengambilan keputusan dalam Rapat Umum                    The decision-making mechanism in the Annual General
      Pemegang Saham Tahunan (RUPST) berlandaskan asas satu               Meeting of Shareholders (AGMS) is based on the principle
      saham satu suara (one share one vote). Setiap lembar saham          of one share one vote. Each share carries one voting right,
      memberikan satu hak suara, sehingga proporsi suara yang             ensuring that the voting power of each shareholder is
      dimiliki seorang pemegang saham sebanding dengan jumlah             proportional to the number of shares held. This principle
      saham yang dimiliki. Prinsip ini memastikan kepentingan             ensures that shareholders’ interests are fairly and
      pemegang saham tercermin secara adil dan proporsional               proportionately represented in every decision made.
      dalam setiap keputusan yang diambil.


      Hak suara dapat disampaikan secara langsung dalam                   Voting rights may be exercised either directly at the meeting
      rapat maupun melalui sistem elektronik eASY.KSEI yang               or electronically through the eASY.KSEI system provided by
      disediakan oleh PT Kustodian Sentral Efek Indonesia.                PT Kustodian Sentral Efek Indonesia.


      Dalam pelaksanaannya, mekanisme pengambilan keputusan               In practice, decision-making is initially pursued through
      diupayakan terlebih dahulu melalui musyawarah untuk                 deliberation to reach consensus. In the event that consensus
      mufakat. Apabila kesepakatan tidak tercapai, keputusan              cannot be achieved, a resolution shall remain valid if it is
      tetap dianggap sah apabila memperoleh persetujuan lebih             approved by more than half of the total voting shares present
      dari setengah bagian dari jumlah saham dengan hak suara             or represented at the meeting.
      yang hadir atau diwakili.


      Mata Acara dan Keputusan RUPS Tahunan 2025, serta Realisasinya
      Agenda and Resolutions of the 2025 Annual General Meeting of Shareholders, and Their Realization

       Mata Acara Pertama        Persetujuan dan pengesahan atas laporan Direksi dan laporan Dewan Komisaris sehubungan dengan
       First Agenda              kegiatan yang dilakukan Perseroan dan hasil-hasil yang telah dicapai selama tahun buku yang berakhir
                                 pada tanggal 31 Desember 2024 dan selanjutnya memberikan pembebasan tanggung jawab sepenuhnya
                                 (acquit et decharge) kepada Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan
                                 pengawasan yang mereka lakukan selama tahun buku bersangkutan.
                                 Approval and ratification of the reports of the Board of Directors and the Board of Commissioners
                                 regarding the Company’s activities and the results achieved during the fiscal year ending December 31,
                                 2024, and further granting full discharge (acquit et decharge) to the Company’s Board of Directors and
                                 Board of Commissioners for their management and supervisory actions during the relevant fiscal year.

       Keputusan                 Memberikan persetujuan dan mengesahkan laporan Direksi dan laporan Dewan Komisaris sehubungan
       Decision                  dengan kegiatan yang dilakukan Perseroan dan hasil-hasil yang telah dicapai selama tahun buku
                                 yang berakhir pada tanggal 31 Desember 2024 dan selanjutnya memberikan pembebasan tanggung
                                 jawab sepenuhnya (acquit et decharge) kepada Direksi dan Dewan Komisaris Perseroan atas tindakan
                                 pengurusan dan pengawasan yang mereka lakukan selama tahun buku yang bersangkutan.
                                 To approve and ratify the reports of the Board of Directors and the Board of Commissioners regarding
                                 the activities conducted by the Company and the results achieved during the fiscal year ending on
                                 December 31, 2024, and further grant full discharge (acquit et decharge) to the Company’s Board of
                                 Directors and Board of Commissioners for the management and supervisory actions they undertook
                                 during the relevant fiscal year.

       Realisasi                 Terealisasi pada tahun 2025
       Implementation            Realized in 2025




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Mata Acara Kedua     Persetujuan dan pengesahan atas Neraca dan perhitungan Laba Rugi (atau disebut sebagai Laporan
Second Agenda        Keuangan) untuk tahun buku Perseroan yang berakhir pada tanggal 31 Desember 2024 yang telah
                     diperiksa oleh Akuntan Publik.
                     Approval and ratification of the Balance Sheet and Income Statement (or referred to as the Financial
                     Statements) for the Company’s fiscal year ending December 31, 2024, which have been audited by a
                     Certified Public Accountant.

Keputusan            Memberikan persetujuan dan mengesahkan Neraca dan perhitungan Laba Rugi (atau disebut sebagai
Decision             Laporan Keuangan) untuk tahun buku Perseroan yang berakhir pada tanggal 31 Desember 2024 yang
                     telah diperiksa oleh Akuntan Publik.
                     To approve and ratify the Balance Sheet and Statement of Profit or Loss (or referred to as the Financial
                     Statements) for the Company’s fiscal year ending on December 31, 2024, which have been audited by a
                     Public Accountant.

Realisasi            Terealisasi pada tahun 2025
Implementation       Realized in 2025


Mata Acara Ketiga    Persetujuan atas penggunaan Laba Bersih yang diperoleh Perseroan untuk tahun buku 2024.
Third Agenda         Approval of the use of the Company’s net profit for the 2024 fiscal year.

Keputusan            Memberikan persetujuan untuk tahun buku 2024 untuk tidak melakukan penyisihan laba dan tidak
Decision             membagikan dividen kepada para pemegang saham Perseroan.
                     Approval is granted for the 2024 fiscal year not to set aside any profits and not to distribute dividends
                     to the Company’s shareholders.

Realisasi            Terealisasi pada tahun 2025
Implementation       Realized in 2025


Mata Acara Keempat   Persetujuan atas penetapan gaji Direksi serta honorarium Dewan Komisaris Perseroan.
Fourth Agenda        Approval of the determination of the salaries of the Board of Directors and the honoraria of the Board of
                     Commissioners of the Company.

Keputusan            1. Dengan memperhatikan saran dan usulan yang diberikan oleh Komite Nominasi dan Remunerasi
Decision                Perseroan, dengan ini menyetujui penetapan honorarium serta tunjangan lainnya bagi Dewan
                        Komisaris secara keseluruhan untuk tahun buku 2025 sebesar Rp600.000.000 (enam ratus
                        juta rupiah);
                     2. Memberikan kuasa dan wewenang kepada Dewan Komisaris untuk menentukan besarnya gaji
                        dan tunjangan lainnya bagi anggota Direksi pada tahun buku 2025, dengan memperhatikan
                        saran dan usulan dari Komite Nominasi dan Remunerasi Perseroan.
                     1. Taking into account the recommendations and proposals provided by the Company’s Nomination
                        and Remuneration Committee, hereby approves the determination of honoraria and other
                        allowances for the Board of Commissioners as a whole for the 2025 fiscal year in the amount of
                        Rp600,000,000 (six hundred million rupiah);
                     2. To grant power and authority to the Board of Commissioners to determine the amount of
                        salaries and other allowances for members of the Board of Directors for the fiscal year 2025,
                        taking into account the recommendations and proposals from the Company’s Nomination and
                        Remuneration Committee.

Realisasi            Terealisasi pada tahun 2025
Implementation       Realized in 2025




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                                             TATA KELOLA PERUSAHAAN
                                             Good Corporate Governance




      Mata Acara Kelima         Persetujuan atas penunjukan Kantor Akuntan Publik yang akan mengaudit laporan keuangan Perseroan
      Fifth Agenda              untuk tahun buku yang berakhir pada tanggal 31 Desember 2025 serta untuk menentukan honorarium
                                Akuntan Publik.
                                Approval of the appointment of a Public Accounting Firm to audit the Company’s financial statements
                                for the fiscal year ending December 31, 2025, and to determine the Public Accountant’s fees.

      Keputusan                 1. Menyetujui penunjukan Akuntan Publik Grace Prativi Widjaja dari Kantor Akuntan Publik
      Decision                     Independen Siddharta Widjaja & Rekan sebagaimana diajukan oleh Dewan Komisaris dengan
                                   memperhatikan rekomendasi dari Komite Audit Perseroan untuk memeriksa Laporan Keuangan
                                   Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2025.
                                2. Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan
                                   honorarium dan persyaratan lainnya sehubungan dengan penunjukan dan pengangkatan
                                   Akuntan Publik tersebut sesuai dengan ketentuan yang berlaku.
                                1. To approve the appointment of Public Accountant Grace Prativi Widjaja from the Independent
                                   Public Accounting Firm Siddharta Widjaja & Partners, as proposed by the Board of Commissioners
                                   and taking into account the recommendation of the Company’s Audit Committee, to audit the
                                   Company’s Financial Statements for the fiscal year ending December 31, 2025.
                                2. To grant power and authority to the Company’s Board of Commissioners to determine the fees
                                   and other terms and conditions regarding the appointment and engagement of said Public
                                   Accountant in accordance with applicable regulations.

      Realisasi                 Terealisasi pada tahun 2025
      Implementation            Realized in 2025




      Mata Acara Keenam         Persetujuan atas perubahan susunan anggota Direksi dan Dewan Komisaris Perseroan.
      Sixth Agenda              Approval of changes to the composition of the Company’s Board of Directors and Board of Commissioners.

      Keputusan                 1.   Memberi persetujuan untuk:
      Decision                       a. Memberhentikan dengan hormat Vorapong Panavasu sebagai Komisaris Perseroan, Nipan
                                        Boonbandarn sebagai Wakil Direktur Utama, Sataporn Na Songkhla sebagai Direktur, Warit
                                        Jintanawan sebagai Direktur Utama, dan Thichet Srisuriyon sebagai Wakil Direktur Utama
                                        Perseroan terhitung efektif sejak ditutupnya Rapat;
                                     b. Mengangkat Warit Jintanawan sebagai Komisaris, Thichet Srisuriyon sebagai Direktur
                                        Utama, Surawit Rattanawaree sebagai Wakil Direktur Utama, dan Pavaret Lila sebagai Wakil
                                        Direktur Utama Perseroan

                                        terhitung efektif sejak ditutupnya Rapat sampai dengan ditutupnya RUPS Tahunan Tahun
                                        Buku 2025 yang akan diadakan pada tahun 2026.

                                        Sehingga berlaku sejak dilaksanakannya pemberhentian dan pengangkatan tersebut di
                                        atas, susunan lengkap anggota Direksi dan anggota Dewan Komisaris Perseroan adalah
                                        sebagai berikut:
                                        Direksi
                                        Direktur Utama        : Thichet Srisuriyon
                                        Wakil Direktur Utama : Pavaret Lila
                                        Wakil Direktur Utama : Surawit Rattanawaree
                                        Direktur              : Saran Kaitiwong
                                        Direktur              : Kittikun Thongdejsri
                                        Direktur              : Pattaraphon Charttongkum
                                        Direktur Independen : Y. Agung Kuncoro Hadi
                                        Dewan Komisaris
                                        Komisaris Utama      : Wiroat Rattanachaisit
                                        Komisaris            : Warit Jintanawan
                                        Komisaris Independen : Noppadol Gaewthabthim

                                2. Memberikan kuasa kepada Direksi Perseroan untuk menyatakan seluruh dan/atau sebagian
                                   keputusan Rapat dalam bentuk akta Notaris. Untuk itu menghadap di mana perlu, memberikan
                                   keterangan dan laporan, membuat atau suruh buatkan serta menandatangani semua surat atau
                                   akta yang diperlukan dan mengerjakan segala tindakan dan perbuatkan yang dianggap perlu
                                   dan berguna untuk itu, satu dan lain tidak ada yang dikecualikan.




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                         1.   To approve:
                              a. The honorable dismissal of Vorapong Panavasu as a Commissioner of the Company, Nipan
                                  Boonbandarn as Vice President Director, Sataporn Na Songkhla as Director, Warit Jintanawan
                                  as President Director, and Thichet Srisuriyon as Vice President Director of the Company,
                                  effective as of the close of this Meeting;
                              b. To appoint Warit Jintanawan as Commissioner, Thichet Srisuriyon as President Director,
                                  Surawit Rattanawaree as Vice President Director, and Pavaret Lila as Vice President Director
                                  of the Company

                                 effective as of the adjournment of this Meeting until the adjournment of the 2025 Annual
                                 General Meeting of Shareholders to be held in 2026.

                                 Consequently, effective upon the implementation of the aforementioned dismissals and
                                 appointments, the complete composition of the Company’s Board of Directors and Board of
                                 Commissioners is as follows:
                                 Board of Directors:
                                 President Director		         : Thichet Srisuriyon
                                 Vice President Director      : Pavaret Lila
                                 Vice President Director      : Surawit Rattanawaree
                                 Director                     : Saran Kaitiwong
                                 Director                     : Kittikun Thongdejsri
                                 Director                     : Pattaraphon Charttongkum
                                 Independent Director         : Y. Agung Kuncoro Hadi
                                 Board of Commissioners:
                                 President Commissioner       : Wiroat Rattanachaisit
                                 Commissioner		               : Warit Jintanawan
                                 Independent Commissioner : Noppadol Gaewthabthim

                         2. To authorize the Company’s Board of Directors to record all or part of the resolutions of the
                            Meeting in a notarial deed. To that end, to appear wherever necessary, provide statements and
                            reports, prepare or cause to be prepared and sign all necessary letters or deeds, and take all
                            actions and perform all acts deemed necessary and useful for that purpose, without exception.

 Realisasi               Terealisasi pada tahun 2025
 Implementation          Realized in 2025




RUPS Tahun 2024
2024 General Meeting of Shareholders
Penyelenggaraaan RUPS Tahun 2024                                   Implementation of the 2024 GMS
Pada tahun sebelumnya, Perseroan telah menyelenggarakan            In the previous year, the Company held two types of GMS,
2 jenis RUPS, yaitu 1 kali RUPST dan 1 kali RUPSLB, sebagai        namely one AGMS and one EGMS, as follows:
berikut:

                                                           Penyelenggaraaan RUPS Tahun 2024
           Uraian                               Conducting the 2024 Annual General Meeting of Shareholders
         Description                              RUPST                                           RUPSLB
                                   Annual General Meeting of Shareholders       Extraordinary General Meeting of Shareholders

 Waktu Penyelenggaraan         20 Juni 2024 pukul 14.00 – 15.20 WIB             20 Juni 2024 pukul 15.21 – 15.53 WIB
 Date and Time                 June 20, 2024, 2:00 PM – 3:20 PM WIB             June 20, 2024, at 3:21 PM. – 3:53 PM WIB

 Tempat Penyelenggaraan        Graha Mobisel, Lantai 3 (Meeting Room 301),      Graha Mobisel, Lantai 3 (Meeting Room 301),
 Venue                         Jalan Buncit Raya No. 139, Kalibata, Pancoran,   Jalan Buncit Raya No. 139, Kalibata, Pancoran,
                               Jakarta Selatan                                  Jakarta Selatan
                               Graha Mobisel, 3rd Floor (Meeting Room 301),     Graha Mobisel, 3rd Floor (Meeting Room 301),
                               Jalan Buncit Raya No. 139, Kalibata, Pancoran,   Jalan Buncit Raya No. 139, Kalibata, Pancoran,
                               South Jakarta                                    South Jakarta




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Page 110
                                            TATA KELOLA PERUSAHAAN
                                            Good Corporate Governance




                                                                      Penyelenggaraaan RUPS Tahun 2024
               Uraian                                      Conducting the 2024 Annual General Meeting of Shareholders
             Description                                RUPST                                              RUPSLB
                                         Annual General Meeting of Shareholders          Extraordinary General Meeting of Shareholders

      Peserta RUPS/AGM Participants

      Pemegang Saham                 Pemegang Saham dan/atau kuasa Pemegang             Pemegang Saham dan/atau kuasa Pemegang
      Shareholders                   Saham yang mewakili 895.836.188 saham              Saham yang mewakili 895.836.188 saham
                                     atau mewakili 91,33% dari seluruh saham yang       atau mewakili 91,33% dari seluruh saham yang
                                     telah ditempatkan dan disetor penuh dalam          telah ditempatkan dan disetor penuh dalam
                                     Perseroan.                                         Perseroan.
                                     Shareholders and/or proxies representing           Shareholders and/or proxies representing
                                     895,836,188 shares, or 91.33% of all fully paid-   895,836,188 shares, or 91.33% of all fully paid-
                                     up shares in the Company.                          up shares in the Company.

      Anggota Direksi                Direktur Utama          : Warit Jintanawan         Direktur Utama          : Warit Jintanawan
      Members of the Board           Wakil Direktur Utama    : Nipan Boonbandarn        Wakil Direktur Utama    : Nipan Boonbandarn
      of Directors                   Wakil Direktur Utama    : Thichet Srisuriyon       Wakil Direktur Utama    : Thichet Srisuriyon
                                     Direktur                : Pattaraphon              Direktur                : Pattaraphon
                                                               Charttongkum                                       Charttongkum
                                     Direktur Independen : Y. Agung Kuncoro Hadi        Direktur Independen : Y. Agung Kuncoro Hadi
                                     President Director      : Warit Jintanawan         President Director      : Warit Jintanawan
                                     Vice President Director : Nipan Boonbandarn        Vice President Director : Nipan Boonbandarn
                                     Vice President Director : Thichet Srisuriyon       Vice President Director : Thichet Srisuriyon
                                     Director                : Pattaraphon              Director                : Pattaraphon
                                                               Charttongkum                                       Charttongkum
                                     Independent Director : Y. Agung Kuncoro Hadi       Independent Director: Y. Agung Kuncoro Hadi

      Pihak Independen               Notaris                : Sri Hidianingsih Adi      Notaris                : Sri Hidianingsih Adi
      Independent Parties                                     Sugijanto, S.H.                                    Sugijanto, S.H.
                                     Kantor Akuntan Publik : Siddharta Widjaja          Kantor Akuntan Publik : Siddharta Widjaja
                                                              & Rekan                                            & Rekan
                                     Biro Administrasi Efek : PT Adimitra Jasa          Biro Administrasi Efek : PT Adimitra Jasa
                                                              Korpora                                            Korpora
                                     Notary                 : Sri Hidianingsih Adi      Notary                 : Sri Hidianingsih Adi
                                                              Sugijanto, S.H.                                    Sugijanto, S.H.
                                     Public Accounting Firm : Siddharta Widjaja         Public Accounting Firm : Siddharta Widjaja
                                                              & Partners                                         & Partners
                                     Securities                                         Securities
                                     Administration Agency : PT Adimitra Jasa           Administration Agency : PT Adimitra Jasa
                                                              Korpora                                            Korpora

      Jumlah Mata Acara              6 Mata Acara                                       1 Mata Acara
      Number of Agenda Items         6 Agenda Items                                     1 Agenda Items




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Mata Acara dan Keputusan RUPST 2024, serta Realisasinya
Agenda and Resolutions of the 2024 AGMS, and Realizations

Mata Acara Pertama    Persetujuan dan pengesahan atas laporan Direksi dan laporan Dewan Komisaris sehubungan dengan
First Agenda          kegiatan yang dilakukan Perseroan dan hasil-hasil yang telah dicapai selama tahun buku yang berakhir
                      pada tanggal 31 Desember 2023 dan selanjutnya memberikan pembebasan tanggung jawab sepenuhnya
                      (acquit et decharge) kepada Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan
                      pengawasan yang mereka lakukan selama tahun buku bersangkutan.
                      Approval and ratification of the reports of the Board of Directors and the Board of Commissioners
                      regarding the Company’s activities and the results achieved during the fiscal year ending December 31,
                      2023, and further granting full discharge (acquit et decharge) to the Company’s Board of Directors and
                      Board of Commissioners for their management and supervisory actions during the relevant fiscal year.

Keputusan             Memberikan persetujuan dan mengesahkan laporan Direksi dan laporan Dewan Komisaris sehubungan
Decision              dengan kegiatan yang dilakukan Perseroan dan hasil-hasil yang telah dicapai selama tahun buku
                      yang berakhir pada tanggal 31 Desember 2023 dan selanjutnya memberikan pembebasan tanggung
                      jawab sepenuhnya (acquit et decharge) kepada Direksi dan Dewan Komisaris Perseroan atas tindakan
                      pengurusan dan pengawasan yang mereka lakukan selama tahun buku yang bersangkutan.
                      To approve and ratify the reports of the Board of Directors and the Board of Commissioners regarding
                      the activities conducted by the Company and the results achieved during the fiscal year ending on
                      December 31, 2023, and further grant full discharge (acquit et decharge) to the Company’s Board of
                      Directors and Board of Commissioners for the management and supervisory actions they undertook
                      during the relevant fiscal year.

Realisasi             Terealisasi pada tahun 2024
Implementation        Realized in 2024


Mata Acara Kedua      Persetujuan dan pengesahan atas Neraca dan perhitungan Laba Rugi (atau disebut sebagai Laporan
Second Agenda         Keuangan) untuk tahun buku Perseroan yang berakhir pada tanggal 31 Desember 2023 yang telah
                      diperiksa oleh Akuntan Publik.
                      Approval and ratification of the Balance Sheet and Statement of Financial Position (or referred to as
                      the Financial Statements) for the Company’s fiscal year ending December 31, 2023, which have been
                      audited by a Certified Public Accountant.

Keputusan             Memberikan persetujuan dan mengesahkan Neraca dan perhitungan Laba Rugi (atau disebut sebagai
Decision              Laporan Keuangan) untuk tahun buku Perseroan yang berakhir pada tanggal 31 Desember 2023 yang
                      telah diperiksa oleh Akuntan Publik.
                      To approve and ratify the Balance Sheet and Statement of Profit or Loss (or referred to as the Financial
                      Statements) for the Company’s fiscal year ending December 31, 2023, which have been audited by a
                      Public Accountant.

Realisasi             Terealisasi pada tahun 2024
Implementation        Realized in 2024


Mata Acara Ketiga     Persetujuan atas penggunaan Laba Bersih yang diperoleh Perseroan untuk tahun buku 2023.
Third Agenda          Approval of the allocation of the Company’s net income for the 2023 fiscal year.

Keputusan             Memberikan persetujuan untuk tahun buku 2023 untuk tidak melakukan penyisihan laba dan tidak
Decision              membagikan dividen kepada para pemegang saham Perseroan.
                      Approval is granted for the 2023 fiscal year to neither set aside a portion of the net profit nor distribute
                      dividends to the Company’s shareholders.

Realisasi             Terealisasi pada tahun 2024
Implementation        Realized in 2024




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                                             TATA KELOLA PERUSAHAAN
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      Mata Acara Keempat        Persetujuan atas penetapan gaji Direksi serta honorarium Dewan Komisaris Perseroan.
      Fourth Agenda             Approval of the determination of the salaries of the Board of Directors and the honoraria of the Board of
                                Commissioners of the Company.

      Keputusan                 1. Dengan memperhatikan saran dan usulan yang diberikan oleh Komite Nominasi dan Remunerasi
      Decision                     Perseroan, dengan ini menyetujui penetapan honorarium serta tunjangan lainnya bagi Dewan
                                   Komisaris secara keseluruhan untuk tahun buku 2024 sebesar Rp600.000.000 (enam ratus
                                   juta rupiah);
                                2. Memberikan kuasa dan wewenang kepada Dewan Komisaris untuk menentukan besarnya gaji
                                   dan tunjangan lainnya bagi anggota Direksi pada tahun buku 2024, dengan memperhatikan
                                   saran dan usulan dari Komite Nominasi dan Remunerasi Perseroan.
                                1. Taking into account the recommendations and proposals provided by the Company’s
                                   Nomination and Remuneration Committee, hereby approves the determination of honoraria
                                   and other allowances for the Board of Commissioners as a whole for the 2024 fiscal year in the
                                   amount of Rp600,000,000 (six hundred million rupiah);
                                2. To grant power and authority to the Board of Commissioners to determine the amount of
                                   salaries and other allowances for members of the Board of Directors for the 2024 fiscal year,
                                   taking into account the recommendations and proposals from the Company’s Nomination and
                                   Remuneration Committee.

      Realisasi                 Terealisasi pada tahun 2024
      Implementation            Realized in 2024


      Mata Acara Kelima         Persetujuan atas penunjukan Kantor Akuntan Publik yang akan mengaudit laporan keuangan
      Fifth Agenda              Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024 serta untuk menentukan
                                honorarium Akuntan Publik.
                                Approval of the appointment of the Public Accounting Firm that will audit the Company’s financial
                                statements for the fiscal year ending December 31, 2024, and to determine the Public Accountant’s fees.

      Keputusan                 1. Menyetujui penunjukan Akuntan Publik Grace Prativi Widjaja dari Kantor Akuntan Publik
      Decision                     Independen Siddharta Widjaja & Rekan sebagaimana diajukan oleh Dewan Komisaris dengan
                                   memperhatikan rekomendasi dari Komite Audit Perseroan untuk memeriksa Laporan Keuangan
                                   Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024.
                                2. Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan
                                   honorarium dan persyaratan lainnya sehubungan dengan penunjukan dan pengangkatan
                                   Akuntan Publik tersebut sesuai dengan ketentuan yang berlaku.
                                1. To approve the appointment of Public Accountant Grace Prativi Widjaja from the Independent
                                   Public Accounting Firm Siddharta Widjaja & Partners, as proposed by the Board of
                                   Commissioners and taking into account the recommendation of the Company’s Audit
                                   Committee, to audit the Company’s financial statements for the fiscal year ending December
                                   31, 2024.
                                2. To grant power and authority to the Company’s Board of Commissioners to determine the fees
                                   and other terms and conditions regarding the appointment and engagement of the Public
                                   Accountant in accordance with applicable regulations.

      Realisasi                 Terealisasi pada tahun 2024
      Implementation            Realized in 2024




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Mata Acara Keenam   Persetujuan atas perubahan susunan anggota Direksi dan Dewan Komisaris Perseroan.
Sixth Agenda        Approval of changes to the composition of the Company’s Board of Directors and Board of Commissioners.

Keputusan           1.   Memberi persetujuan untuk:
Decision                 a. Memberhentikan dengan hormat Susalak Khiew-Orn sebagai Direktur Perseroan dan
                            Paramate Nisagornsen sebagai Komisaris Utama Perseroan;
                         b. Mengangkat Saran Kaitiwong, Kittikun Thongdejsri, dan Sataporn Na Songkhla masing-masing
                            sebagai Direktur Perseroan dan Wiroat Rattanachaisit sebagain Komisaris Utama Perseroan;

                            terhitung efektif sejak ditutupnya Rapat sampai dengan ditutupnya RUPS Tahunan Tahun
                            Buku 2025 yang akan diadakan pada tahun 2026.

                            Sehingga berlaku sejak dilaksanakannya pemberhentian dan pengangkatan tersebut di
                            atas, susunan lengkap anggota Direksi dan anggota Dewan Komisaris Perseroan adalah
                            sebagai berikut:
                            Direksi
                            Direktur Utama        : Warit Jintanawan
                            Wakil Direktur Utama : Nipan Boonbandarn
                            Wakil Direktur Utama : Thichet Srisuriyon
                            Direktur              : Saran Kaitiwong
                            Direktur              : Kittikun Thongdejsri
                            Direktur              : Sataporn Na Songkhla
                            Direktur              : Pattaraphon Charttongkum
                            Direktur Independen : Y. Agung Kuncoro Hadi
                            Dewan Komisaris
                            Komisaris Utama      : Wiroat Rattanachaisit
                            Komisaris            : Vorapong Panavasu
                            Komisaris Independen : Noppadol Gaewthabthim

                    2. Memberikan kuasa kepada Direksi Perseroan untuk menyatakan seluruh dan/atau sebagian
                       keputusan Rapat dalam bentuk akta Notaris. Untuk itu menghadap di mana perlu, memberikan
                       keterangan dan laporan, membuat atau suruh buatkan serta menandatangani semua surat atau
                       akta yang diperlukan dan mengerjakan segala tindakan dan perbuatkan yang dianggap perlu
                       dan berguna untuk itu, satu dan lain tidak ada yang dikecualikan.

                    1.   To approve:
                         a. The honorable dismissal of Susalak Khiew-Orn as Director of the Company and Paramate
                             Nisagornsen as President Commissioner of the Company;
                         b. To appoint Saran Kaitiwong, Kittikun Thongdejsri, and Sataporn Na Songkhla as Directors of
                             the Company, and Wiroat Rattanachaisit as the President Commissioner of the Company;

                            effective as of the closing of this Meeting until the closing of the 2025 Annual General
                            Meeting of Shareholders to be held in 2026.

                            Consequently, effective upon the implementation of the aforementioned dismissals and
                            appointments, the complete composition of the Company’s Board of Directors and Board of
                            Commissioners is as follows:
                            Board of Directors:
                            President Director		         : Warit Jintanawan
                            Vice President Director      : Nipan Boonbandarn
                            Vice President Director      : Thichet Srisuriyon
                            Director                     : Saran Kaitiwong
                            Director                     : Kittikun Thongdejsri
                            Director                     : Sataporn Na Songkhla
                            Director                     : Pattaraphon Charttongkum
                            Independent Director         : Y. Agung Kuncoro Hadi
                            Board of Commissioners:
                            President Commissioner       : Wiroat Rattanachaisit
                            Commissioner		               : Vorapong Panavasu
                            Independent Commissioner : Noppadol Gaewthabthim

                    2. To authorize the Company’s Board of Directors to formalize all or part of the Meeting’s resolutions
                       in the form of a notarial deed. To that end, to appear wherever necessary, provide information
                       and reports, prepare or have prepared and sign all necessary letters or deeds, and take all
                       actions and measures deemed necessary and useful for that purpose, with no exceptions.

Realisasi           Terealisasi pada tahun 2024
Implementation      Realized in 2024



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      Mata Acara dan Keputusan RUPSLB 2024, serta Realisasinya
      Agenda and Resolutions of the 2024 EGMS, and Realizations

      Mata Acara                Persetujuan perubahan Pasal 3 Anggaran Dasar Perseroan mengenai maksud dan tujuan serta
      Program Item              kegiatan usaha Perseroan dalam rangka menyesuaikan dengan Klasifikasi Baku Lapangan Usaha
                                Indonesia (KBLI 2020).
                                Approval of the amendment to Article 3 of the Company’s Articles of Association regarding the
                                Company’s purpose and objectives as well as its business activities in order to align with the Indonesian
                                Standard Industrial Classification (KBLI 2020).

      Keputusan                 Menyetujui dan memutuskan untuk mengubah dan/atau menyesuaikan bidang usaha Perseroan dengan
      Decision                  cara menambahkan bidang usaha kegiatan di bidang konstruksi, sehingga dengan demikian mengubah
                                dan/atau menyesuaikan Pasal 3 Anggaran Dasar Perseroan.
                                To approve and resolve to amend and/or adjust the Company’s business fields by adding business
                                activities in the construction sector, thereby amending and/or adjusting Article 3 of the Company’s
                                Articles of Association.

      Realisasi                 Terealisasi pada tahun 2024
      Implementation            Realized in 2024




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Dewan Komisaris
Board of Commissioners

Dewan Komisaris merupakan salah satu organ utama dalam          The Board of Commissioners is one of the key bodies within
struktur governansi korporat yang memiliki kedudukan            the corporate governance structure, holding a strategic
strategis sebagai representasi kepentingan pemegang             position as the representative of shareholders’ interests. Its
saham. Mandat utamanya adalah melakukan pengawasan              primary mandate is to oversee management policies and
atas kebijakan pengelolaan serta memberikan nasihat kepada      provide advice to the Board of Directors, ensuring that the
Direksi, sehingga arah dan strategi Perseroan tetap konsisten   Company’s direction and strategy remain consistent with
dengan keputusan pemegang saham dan ketentuan peraturan         shareholders’ decisions and applicable laws and regulations.
perundang-undangan.


Piagam Dewan Komisaris
Charter of the Board of Commissioners
Piagam Dewan Komisaris disusun sesuai dengan ketentuan          The Charter of the Board of Commissioners is drafted in
Peraturan OJK No. 33/POJK.04/2014 tentang Direksi dan           accordance with the provisions of OJK Regulation No. 33/
Dewan Komisaris Emiten atau Perusahaan Publik (“POJK            POJK.04/2014 regarding the Board of Directors and Board of
33/2014”). Piagam ini menjadi pedoman yang memastikan           Commissioners of Issuers or Public Companies (“POJK 33/2014”).
pelaksanaan tugas dan tanggung jawab Dewan Komisaris            This Charter serves as a guideline to ensure that the Board
berjalan selaras dengan prinsip transparansi, akuntabilitas,    of Commissioners performs its duties and responsibilities in
dan kepatuhan terhadap regulasi yang berlaku.                   accordance with the principles of transparency, accountability,
                                                                and compliance with applicable regulations.


Di Perseroan, Piagam Dewan Komisaris dituangkan dalam           At the Company, the Charter of the Board of Commissioners
Pedoman Kerja Dewan Komisaris (Charter of Board of              is set forth in the Board of Commissioners’ Work Guidelines
Commissioners) yang telah disetujui dan ditandatangani pada     (Charter of the Board of Commissioners), which was approved
2 Maret 2020. Pedoman ini menjadi acuan resmi bagi Dewan        and signed on March 2, 2020. These guidelines serve as
Komisaris dalam menjalankan fungsi pengawasan dan               the official reference for the Board of Commissioners in
pemberian nasihat kepada Direksi. Piagam Dewan Komisaris        performing its oversight and advisory functions to the Board
secara berkala ditinjau untuk memastikan kesesuaian             of Directors. The Charter of the Board of Commissioners is
dengan ketentuan peraturan perundang-undangan. Dewan            periodically reviewed to ensure compliance with applicable
Komisaris menyatakan bahwa Piagam tersebut masih                laws and regulations. The Board of Commissioners states that
relevan hingga akhir tahun 2025.                                the Charter remains relevant until the end of 2025.


Pedoman tersebut mengatur ketentuan mengenai komposisi          The guidelines set forth provisions regarding the composition
dan keanggotaan Dewan Komisaris, persyaratan serta masa         and membership of the Board of Commissioners, requirements
jabatan, tugas dan wewenang, komposisi dan persyaratan          and terms of office, duties and authorities, composition
keanggotaan, masa jabatan, tugas, tanggung jawab dan            and membership requirements, terms of office, duties,
wewenang, kebijakan rapat, serta ketentuan lainnya yang         responsibilities and authorities, meeting policies, as well as
berkaitan dengan pelaksanaan tugas Dewan Komisaris.             other provisions related to the performance of the Board of
                                                                Commissioners’ duties.


Komposisi Dewan Komisaris [IDX G-03]
Composition of the Board of Commissioners [IDX G-03]
Komposisi Dewan Komisaris Perseroan diatur dalam Piagam         The composition of the Company’s Board of Commissioners
Dewan Komisaris, yang menetapkan jumlah anggota serta           is governed by the Board of Commissioners Charter, which
persentase Komisaris Independen. Sesuai dengan ketentuan        specifies the number of members and the percentage of
tersebut, Dewan Komisaris sekurang-kurangnya berjumlah          Independent Commissioners. In accordance with these
2 orang, yang terdiri dari 1 orang Komisaris Utama serta        provisions, the Board of Commissioners must consist of at
1 orang Komisaris atau Komisaris Independen. Jumlah             least two members, comprising one President Commissioner
Komisaris Independen wajib paling sedikit 30% dari total        and one Commissioner or Independent Commissioner. The
anggota Dewan Komisaris. Ketentuan tersebut selaras             number of Independent Commissioners must be at least 30%
dengan POJK 33/2014. Penerapan ketentuan ini bertujuan          of the total members of the Board of Commissioners. This


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      untuk memastikan independensi dan objektivitas dalam               provision is in line with POJK 33/2014. The implementation of
      pengambilan keputusan, khususnya pada situasi yang                 this provision aims to ensure independence and objectivity in
      berpotensi menimbulkan benturan kepentingan.                       decision-making, particularly in situations that may give rise
                                                                         to conflicts of interest.


      Pada tahun 2025, Rapat Umum Pemegang Saham Tahunan                 In 2025, the Annual General Meeting of Shareholders (AGMS)
      (RUPST) yang diselenggarakan pada 20 Juni 2025 menetapkan          held on June 20, 2025, approved changes to the composition
      perubahan komposisi Dewan Komisaris Perseroan. Berdasarkan         of the Company’s Board of Commissioners. Pursuant to this
      keputusan tersebut, Dewan Komisaris terdiri dari 3 orang           decision, the Board of Commissioners consists of 3 members,
      anggota, dengan 1 orang di antaranya menjabat sebagai              one of whom serves as an Independent Commissioner
      Komisaris Independen (setara dengan 33% dari total anggota).       (equivalent to 33% of the total membership).


      Informasi tentang perubahan komposisi Dewan Komisaris              Information regarding changes in the composition of the Board
      telah diuraikan pada Bab profil Perusahaan, Subbab Profil          of Commissioners is detailed in the Company Profile chapter,
      Dewan Komisaris.                                                   under the Board of Commissioners Profile subsection.



      Masa Jabatan Dewan Komisaris
      Term of Office of the Board of Commissioners
      Penetapan masa jabatan anggota Dewan Komisaris                     The term of office for members of the Board of Commissioners
      dilakukan melalui Rapat Umum Pemegang Saham (RUPS)                 is determined through a General Meeting of Shareholders
      dengan berpedoman pada ketentuan yang tercantum dalam              (GMS) in accordance with the provisions set forth in the
      Piagam Dewan Komisaris dan peraturan yang relevan.                 Board of Commissioners’ Charter and relevant regulations.
      Masa jabatan Dewan Komisaris ditetapkan selama 5 tahun.            The term of office for the Board of Commissioners is set at
      RUPS memiliki kewenangan penuh untuk memberhentikan                5 years. The GMS has full authority to dismiss members of
      anggota Dewan Komisaris sewaktu-waktu, disertai alasan             the Board of Commissioners at any time, provided that clear
      yang jelas dan pemberian kesempatan kepada pihak terkait           reasons are given and the relevant parties are given the
      untuk menyampaikan penjelasan dalam forum RUPS.                    opportunity to present their explanations at the GMS.


      Komisaris Independen yang telah menyelesaikan dua                  Independent Commissioners who have completed two terms
      periode masa jabatan dapat diangkat kembali untuk                  of office may be reappointed for the next term, provided
      periode berikutnya, sepanjang tetap memenuhi persyaratan           they continue to meet the independence requirements in
      independensi sesuai ketentuan peraturan perundang-                 accordance with applicable laws and regulations and receive
      undangan yang berlaku dan mendapat persetujuan RUPS.               the approval of the GMS.


      Tugas dan Tanggung Jawab Dewan Komisaris
      Duties and Responsibilities of the Board of Commissioners
      Ketentuan mengenai lingkup tugas dan tanggung jawab                Provisions regarding the scope of duties and responsibilities of
      Dewan Komisaris secara kolegial diatur dalam Piagam                the Board of Commissioners, acting collectively, are set forth in
      Dewan Komisaris, dengan uraian sebagai berikut:                    the Board of Commissioners’ Charter, as detailed below:
      1. Dewan Komisaris bertugas melakukan pengawasan                   1. The Board of Commissioners is tasked with overseeing
         dan bertanggung jawab atas pengawasan terhadap                      and is responsible for supervising management
         kebijakan pengurusan, jalannya pengurusan pada                      policies and the general conduct of management, both
         umumnya, baik mengenai Perseroan maupun usaha                       regarding the Company and its business operations,
         Perseroan dan memberi nasihat kepada Direksi.                       and for providing advice to the Board of Directors.
      2. Dalam kondisi tertentu, Dewan Komisaris wajib                   2. Under certain conditions, the Board of Commissioners is
         menyelenggarakan RUPS tahunan dan RUPS lainnya                      required to convene the Annual GMS and other GMS in
         sesuai dengan kewenangannya sebagaimana diatur dalam                accordance with its authority as stipulated in applicable
         peraturan perundang-undangan dan Anggaran Dasar.                    laws and regulations and the Articles of Association.
      3. Anggota Dewan Komisaris wajib melaksanakan                      3. Members of the Board of Commissioners are required to
         tugas dan tanggung jawab dengan itikad baik, penuh                  perform their duties and responsibilities in good faith,
         tanggung jawab, dan kehati-hatian.                                  with full responsibility, and with due care.
      4. Dalam rangka mendukung efektivitas pelaksanaan                  4. To support the effective performance of its duties and
         tugas dan tanggung jawabnya, Dewan Komisaris wajib                  responsibilities, the Board of Commissioners is required
         membentuk Komite Audit dan dapat membentuk                          to establish an Audit Committee and may establish
         komite lainnya.                                                     other committees.



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5. Dewan Komisaris wajib melakukan evaluasi terhadap                                 5. The Board of Commissioners is required to evaluate
   kinerja komite yang membantu pelaksanaan tugas dan                                   the performance of the committees that assist in the
   tanggung jawabnya setiap akhir tahun buku.                                           execution of its duties and responsibilities at the end of
                                                                                        each fiscal year.
6. Setiap anggota Dewan Komisaris bertanggung jawab                                  6. Each member of the Board of Commissioners is jointly and
   secara tanggung renteng atas kerugian Perseroan yang                                 severally liable for any losses incurred by the Company
   disebabkan oleh kesalahan atau kelalaian anggota                                     resulting from errors or negligence by a member of the
   Dewan Komisaris dalam menjalankan tugasnya.                                          Board of Commissioners in the performance of their duties.



Independensi Dewan Komisaris [IDX G-01]
Independence of the Board of Commissioners [IDX G-01]
Perseroan berkomitmen menjaga independensi Dewan                                     The Company is committed to maintaining the independence
Komisaris agar setiap pelaksanaan tugas dan tanggung jawab                           of the Board of Commissioners so that all duties and
dilakukan secara objektif, tanpa benturan kepentingan, dan                           responsibilities are carried out objectively, without conflicts
tanpa pengaruh dari pihak mana pun.                                                  of interest, and without influence from any party.



Rapat Internal Dewan Komisaris
Internal Meetings of the Board of Commissioners
Kebijakan Rapat Dewan Komisaris                                                      Board of Commissioners Meeting Policy
Dewan Komisaris wajib menyelenggarakan rapat internal,                               The Board of Commissioners is required to hold internal
sekurang-kurangnya satu kali dalam setiap dua bulan. Rapat                           meetings at least once every two months. A meeting is deemed
dinyatakan sah apabila dihadiri oleh mayoritas anggota                               valid if attended by a majority of the Board of Commissioners,
Dewan Komisaris, baik secara langsung maupun melalui                                 either in person or through a valid representative in
perwakilan yang sah sesuai ketentuan internal Perseroan.                             accordance with the Company’s internal regulations. The
Rapat dipimpin oleh Komisaris Utama. Apabila Komisaris                               meeting is chaired by the President Commissioner. If the
Utama berhalangan hadir, rapat akan dipimpin oleh salah                              President Commissioner is unable to attend, the meeting will
seorang anggota Dewan Komisaris lainnya yang hadir dan/                              be chaired by another member of the Board of Commissioners
atau mewakili anggota lain dalam rapat tersebut.                                     present and/or representing another member at the meeting.


Frekuensi Rapat dan Tingkat Kehadiran Tahun 2025                                     Meeting Frequency and Attendance Rates in 2025
[IDX G-02]                                                                           [IDX G-02]
Pada tahun 2025, Dewan Komisaris telah menyelenggarakan                              In 2025, the Board of Commissioners held six internal
rapat internal sebanyak 6 kali. Informasi tentang kehadiran                          meetings. Information regarding the attendance of each
masing-masing anggota Dewan Komisaris disajikan dalam                                member of the Board of Commissioners is presented in the
tabel di bawah:                                                                      table below:

                                                                                                                                              Persentase
                                                                                            Jumlah Rapat               Jumlah
                  Nama                                       Jabatan                                                                       Tingkat Kehadiran
                                                                                              Number of               Kehadiran
                  Name                                       Position                                                                       Attendance Rate
                                                                                              Meetings             Total Attendance
                                                                                                                                               Percentage

                                            Komisaris Utama
 Wiroat Rattanachaisit                                                                              6                       6                      100%
                                            President Commissioner
                                            Komisaris
 Warit Jintanawan 1)                                                                                3                       3                      100%
                                            Commissioner
                                            Komisaris Independen
 Noppadol Gaewthabthim                                                                              6                       6                      100%
                                            Independent Commissioner
                                            Komisaris
 Vorapong Panavasu 2)                                                                               3                       3                      100%
                                            Commissioner

1) Warit Jintanawan yang sebelumnya menjabat sebagai Direktur Utama diangkat sebagai Komisaris secara efektif pada 20 Juni 2025, sehingga di tahun 2025 sebagai
   Komisaris hanya memiliki kewajiban menghadiri Rapat Internal Dewan Komisaris sebanyak 3 kali.
2) Masa jabatan Vorapong Panavasu sebagai Komisaris secara efektif berakhir pada 20 Juni 2025, sehingga di tahun 2025 hanya memiliki kewajiban menghadiri Rapat
   Internal Dewan Komisaris sebanyak 3 kali.
1) Warit Jintanawan, who previously served as President Director, was appointed as Commissioner effective June 20, 2025; therefore, in 2025, his obligation as a
   Commissioner was limited to attending three Internal Meetings of the Board of Commissioners.
2) Vorapong Panavasu’s term of office as Commissioner effectively ended on June 20, 2025; therefore, in 2025, his obligation was limited to attending three Internal
   Meetings of the Board of Commissioners.




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      Rapat Gabungan Dewan Komisaris Bersama Direksi
      Joint Meetings of the Board of Commissioners and the Board of Directors
      Kebijakan Rapat                                                                          Meeting Policy
      Selain rapat internal, Dewan Komisaris wajib mengadakan                                  In addition to internal meetings, the Board of Commissioners is
      rapat bersama Direksi secara berkala sesuai Pasal 31 POJK                                required to hold joint meetings with the Board of Directors on
      33/2014. Rapat dilaksanakan paling sedikit satu kali dalam                               a regular basis in accordance with Article 31 of OJK Regulation
      empat bulan. Ketentuan ini juga tercantum dalam Piagam                                   No. 33/2014. These meetings must be conducted at least once
      Dewan Komisaris dan Piagam Direksi. Rapat gabungan                                       every four months. This provision is also stipulated in the
      berfungsi sebagai sarana resmi untuk menjaga koordinasi                                  Board of Commissioners Charter and the Board of Directors
      antar organ perusahaan serta mendukung pelaksanaan                                       Charter. Joint meetings serve as a formal platform to maintain
      fungsi pengawasan sesuai peraturan yang berlaku.                                         coordination between corporate organs and to support the
                                                                                               implementation of the supervisory function in accordance
                                                                                               with applicable regulations.


      Frekuensi Rapat dan Tingkat Kehadiran Tahun 2025                                         Meeting Frequency and Attendance Rate in 2025
      [IDX G-02]                                                                               [IDX G-02]
      Sepanjang tahun 2025, rapat gabungan Dewan Komisaris                                     Throughout 2025, joint meetings between the Board of
      bersama Direksi telah dilaksanakan sebanyak 3 kali. Tingkat                              Commissioners and the Board of Directors were held three
      kehadiran masing-masing anggota Dewan Komisaris pada                                     times. The attendance rate of each member of the Board
      Rapat Gabungan dapat dilihat pada tabel berikut:                                         of Commissioners at the Joint Meetings is presented in the
                                                                                               following table:

                                                                                                                                                           Persentase
                                                                                                       Jumlah Rapat                Jumlah
                         Nama                                         Jabatan                                                                           Tingkat Kehadiran
                                                                                                         Number of                Kehadiran
                         Name                                         Position                                                                           Attendance Rate
                                                                                                         Meetings              Total Attendance
                                                                                                                                                            Percentage

                                                     Komisaris Utama
       Wiroat Rattanachaisit                                                                                   3                        3                       100%
                                                     President Commissioner

                                                     Komisaris
       Warit Jintanawan 1)                                                                                     2                        2                       100%
                                                     Commissioner

                                                     Komisaris Independen
       Noppadol Gaewthabthim                                                                                   3                        3                       100%
                                                     Independent Commissioner

                                                     Komisaris
       Vorapong Panavasu 2)                                                                                    1                        1                       100%
                                                     Commissioner

      1) Warit Jintanawan yang sebelumnya menjabat sebagai Direktur Utama diangkat sebagai Komisaris secara efektif pada 20 Juni 2025, sehingga di tahun 2025 sebagai
         Komisaris hanya memiliki kewajiban menghadiri Rapat Gabungan sebanyak 2 (dua) kali.
      2) Masa jabatan Vorapong Panavasu sebagai Komisaris secara efektif berakhir pada 20 Juni 2025, sehingga di tahun 2025 hanya memiliki kewajiban menghadiri Rapat
         Gabungan sebanyak 1 (satu) kali.
      1) Warit Jintanawan, who previously served as President Director, was appointed as Commissioner effective June 20, 2025; therefore, in 2025, his obligation as a
         Commissioner was limited to attending 2 (two) Joint Meetings.
      2) Vorapong Panavasu’s term of office as Commissioner effectively ended on June 20, 2025; therefore, in 2025, his obligation was limited to attending 1 (one) Joint Meeting.



      Sedangkan tingkat kehadiran masing-masing anggota                                        Meanwhile, the attendance rate of each member of the
      Direksi pada Rapat Gabungan diuraikan pada tabel berikut:                                Board of Directors at the Joint Meetings is presented in the
                                                                                               following table:

                                                                                                                                                           Persentase
                                                                                                       Jumlah Rapat                Jumlah
                         Nama                                         Jabatan                                                                           Tingkat Kehadiran
                                                                                                         Number of                Kehadiran
                         Name                                         Position                                                                           Attendance Rate
                                                                                                         Meetings              Total Attendance
                                                                                                                                                            Percentage

                                                    Direktur Utama
                                                    President Director
       Thichet Srisuriyon 1)                                                                                   3                        3                       100%
                                                    Wakil Direktur Utama
                                                    Vice President Director




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                                                                                                                                                 Persentase
                                                                                               Jumlah Rapat               Jumlah
                  Nama                                        Jabatan                                                                         Tingkat Kehadiran
                                                                                                 Number of               Kehadiran
                  Name                                        Position                                                                         Attendance Rate
                                                                                                 Meetings             Total Attendance
                                                                                                                                                  Percentage

                                             Direktur Utama
 Warit Jintanawan 2)                                                                                   1                       1                      100%
                                             President Director

                                             Wakil Direktur Utama
 Pavaret Lila 3)                                                                                      2                        2                      100%
                                             Vice President Director

                                             Wakil Direktur Utama
 Surawit Rattanawaree 3)                                                                              2                        2                      100%
                                             Vice President Director

                                             Direktur
 Saran Kaitiwong                                                                                      3                        3                      100%
                                             Director

                                             Direktur
 Kittikun Thongdejsri                                                                                 3                        3                      100%
                                             Director

                                             Direktur
 Pattaraphon Charttongkum                                                                             3                        3                      100%
                                             Director

                                             Direktur Independen
 Y. Agung Kuncoro Hadi                                                                                3                        3                      100%
                                             Independent Director

                                             Wakil Direktur Utama
 Nipan Boonbandarn 4)                                                                                  1                       1                      100%
                                             Vice President Director

                                             Direktur
 Sataporn Na Songkhla 4)                                                                               1                       1                      100%
                                             Director

1) Thichet Srisuriyon yang sebelumnya menjabat sebagai Wakil Direktur Utama diangkat sebagai Direktur Utama secara efektif pada 20 Juni 2025.
2) Warit Jintanawan yang sebelumnya menjabat sebagai Direktur Utama diangkat sebagai Komisaris secara efektif pada 20 Juni 2025, sehingga di tahun 2025 sebagai
   Direktur Utama hanya memiliki kewajiban menghadiri Rapat Gabungan sebanyak 1 kali.
3) Masa jabatan Pavaret Lila dan Surawit Rattanawaree sebagai Wakil Direktur Utama secara efektif dimulai pada 20 Juni 2025, sehingga di tahun 2025 hanya memiliki
   kewajiban menghadiri Rapat Gabungan sebanyak 2 kali.
4) Masa jabatan Nipan Boonbandarn sebagai Wakil Direktur Utama dan Sataporn Na Songkhla sebagai Direktur secara efektif berakhir pada 20 Juni 2025, sehingga di
   tahun 2025 hanya memiliki kewajiban menghadiri Rapat Gabungan sebanyak 1 kali.
1) Thichet Srisuriyon, who previously served as Vice President Director, was appointed as President Director effective June 20, 2025.
2) Warit Jintanawan, who previously served as President Director, was appointed as Commissioner effective June 20, 2025; therefore, in 2025, his obligation as President
   Director was limited to attending one Joint Meeting.
3) The terms of office of Pavaret Lila and Surawit Rattanawaree as Vice President Directors effectively commenced on June 20, 2025; therefore, in 2025, they were only
   required to attend two Joint Meetings.
4) The terms of office of Nipan Boonbandarn as Vice President Director and Sataporn Na Songkhla as Director effectively ended on June 20, 2025; therefore, in 2025,
   they were only required to attend one Joint Meeting.




Kehadiran Dewan Komisaris dan Direksi pada RUPS Tahunan 2025
Attendance of the Board of Commissioners and the Board of Directors at the 2025 Annual GMS
Pada 20 Juni 2025, Perseroan melaksanakan Rapat Umum                                   On June 20, 2025, the Company held its Annual General
Pemegang Saham Tahunan (RUPST). Rapat tersebut                                         Meeting of Shareholders (AGMS). The meeting was attended
dihadiri oleh sebagian anggota Direksi, sementara anggota                              by several members of the Board of Directors, while members
Dewan Komisaris dan beberapa anggota Direksi lainnya                                   of the Board of Commissioners and certain other members of
berhalangan hadir dengan alasan yang sah sesuai ketentuan                              the Board of Directors were unable to attend for valid reasons
regulasi. Informasi mengenai kehadiran masing-masing                                   in accordance with applicable regulations. Information
anggota disajikan dalam tabel berikut:                                                 regarding the attendance of each member is presented in the
                                                                                       following table:

                  Nama                                                   Jabatan                                              Kehadiran Pada RUPST
                  Name                                                   Position                                              Attendance on AGMS

 Wiroat Rattanachaisit                       Komisaris Utama/President Commissioner                                             Tidak Hadir/Absent

 Vorapong Panavasu                           Komisaris/Commissioner                                                             Tidak Hadir/Absent




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                   Nama                                       Jabatan                                  Kehadiran Pada RUPST
                   Name                                       Position                                  Attendance on AGMS

      Noppadol Gaewthabthim              Komisaris Independen/Independent Commissioner                  Tidak Hadir/Absent

      Warit Jintanawan                   Direktur Utama/President Director                                 Hadir/Present

      Thichet Srisuriyon                 Wakil Direktur Utama/Vice President Director                      Hadir/Present

      Nipan Boonbandarn                  Wakil Direktur Utama/Vice President Director                   Tidak Hadir/Absent

      Saran Kaitiwong                    Direktur/Director                                                 Hadir/Present

      Kittikun Thongdejsri               Direktur/Director                                                 Hadir/Present

      Sataporn Na Songkhla               Direktur/Director                                              Tidak Hadir/Absent

      Pattaraphon Charttongkum           Direktur/Director                                                 Hadir/Present

      Y. Agung Kuncoro Hadi              Direktur Independen/Independent Director                          Hadir/Present



      Program Orientasi Dewan Komisaris
      Orientation Program of the Board of Commissioners
      Program     orientasi  Dewan      Komisaris     Perseroan          The orientation program for the Company’s Board of
      dilaksanakan sejak sebelum pengangkatan. Calon anggota             Commissioners is conducted prior to their appointment.
      Dewan Komisaris mengikuti kegiatan orientasi dengan                Prospective members of the Board of Commissioners
      mendampingi pelaksanaan tugas Dewan Komisaris yang                 participate in orientation activities by accompanying incumbent
      sedang menjabat, untuk memberikan pengenalan secara                Commissioners in carrying out their duties, in order to gain a
      komprehensif mengenai tugas, tanggung jawab, dan                   comprehensive understanding of the roles, responsibilities,
      kewenangan Dewan Komisaris, serta menyampaikan                     and authorities of the Board of Commissioners, as well as to
      informasi mengenai kondisi umum Perseroan. Anggota                 obtain information regarding the Company’s general condition.
      Dewan Komisaris yang baru diangkat pada tahun 2025                 Newly appointed members of the Board of Commissioners in
      telah melalui masa pengenalan (orientasi) tersebut.                2025 have completed this orientation period.


      Pelatihan dan Peningkatan Kompetensi Dewan Komisaris [IDX G-05]
      Training and Competency Development of the Board of Commissioners [IDX G-05]
      Perseroan memfasilitasi anggota Dewan Komisaris                    The Company facilitates members of the Board of
      untuk mengikuti program pelatihan dan pengembangan                 Commissioners to participate in training and competency
      kompetensi yang relevan dengan kebutuhan bisnis,                   development programs relevant to business needs, regulatory
      ketentuan regulasi, dan perkembangan industri. Pada tahun          requirements, and industry developments. In 2025, one
      2025 salah satu anggota Dewan Komisaris, yaitu Warit               member of the Board of Commissioners, Warit Jintanawan,
      Jintanawan mengikuti Advanced Management Program                   attended the Advanced Management Program organized by
      yang diselenggarakan oleh Harvard Business School.                 Harvard Business School.




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Penilaian Dewan Komisaris terhadap Kinerja Komite Pendukung
Performance Assessment of Supporting Committees by the Board of Commissioners
Dewan Komisaris menjalankan fungsi pengawasan dengan             The Board of Commissioners performs its supervisory function
dukungan dari Komite Audit serta Komite Nominasi dan             with the support of the Audit Committee and the Nomination and
Remunerasi. Penilaian atas kinerja kedua komite ini              Remuneration Committee. The assessment of the performance
dilakukan secara sistematis, berlandaskan ketentuan              of these two committees is conducted systematically, based
peraturan perundang‑undangan yang berlaku dan kebijakan          on applicable laws and regulations as well as the policies of
perusahaan induk (SCG Group). Dewan Komisaris memastikan         the parent company (SCG Group). The Board of Commissioners
komite pendukung berperan aktif dalam memperkuat                 ensures that the supporting committees actively contribute
kualitas governansi korporat, menjaga transparansi, dan          to strengthening corporate governance quality, maintaining
mendukung pengambilan keputusan strategis.                       transparency, and supporting strategic decision-making.


Prosedur dan Kriteria Penilaian Kinerja Komite                   Procedures and Criteria for Committee Performance
                                                                 Assessment
Penilaian kinerja komite dilaksanakan melalui tahapan            The committee performance assessment is conducted through
yang saling berkesinambungan. Dimulai dari peninjauan            a continuous and structured process. It begins with a review
atas perumusan program kerja tahunan, dilanjutkan dengan         of the annual work program formulation, followed by an
penilaian terhadap pelaksanaan tugas dan tanggung                evaluation of the execution of duties and responsibilities,
jawab, serta pemeriksaan atas laporan dan rekomendasi            as well as an examination of reports and recommendations
yang disampaikan kepada Dewan Komisaris. Hasil laporan           submitted to the Board of Commissioners. The assessment
kemudian dibahas dalam rapat Dewan Komisaris untuk               results are then discussed in Board of Commissioners meetings
menilai efektivitas pelaksanaan tugas komite. Tahapan ini        to evaluate the effectiveness of committee performance. The
diakhiri dengan penetapan hasil penilaian sesuai kriteria        process concludes with the determination of assessment
yang telah ditentukan, sehingga prosesnya berjalan               outcomes based on predefined criteria, ensuring consistency
konsisten dan terukur.                                           and measurability.


Kriteria penilaian ditetapkan sebagai dasar untuk mengukur       The assessment criteria serve as the basis for evaluating the
efektivitas dan kontribusi komite dalam mendukung fungsi         effectiveness and contribution of the committees in supporting
pengawasan Dewan Komisaris. Aspek penilaian mencakup             the supervisory function of the Board of Commissioners. The
pencapaian target kerja, kualitas dan relevansi rekomendasi,     assessment covers achievement of work targets, quality and
kepatuhan terhadap regulasi dan kebijakan internal,              relevance of recommendations, compliance with regulations
kontribusi aktif dalam rapat, tingkat kolaborasi antar komite,   and internal policies, active participation in meetings, level
ketepatan waktu penyampaian laporan, serta kesesuaian            of inter-committee collaboration, timeliness of reporting, and
rekomendasi dengan kebutuhan pengambilan keputusan               alignment of recommendations with strategic decision-making
strategis. Dengan kriteria tersebut, Dewan Komisaris dapat       needs. Through these criteria, the Board of Commissioners is
menilai secara menyeluruh peran komite dalam memperkuat          able to comprehensively assess the role of the committees in
governansi korporat.                                             strengthening corporate governance.


Hasil Penilaian Kinerja Komite                                   Results of Committee Performance Assessment
Sepanjang tahun 2025, Dewan Komisaris menilai bahwa              Throughout 2025, the Board of Commissioners assessed that
Komite Audit dan Komite Nominasi dan Remunerasi telah            the Audit Committee and the Nomination and Remuneration
melaksanakan tugasnya secara efektif dan konsisten sesuai        Committee had performed their duties effectively and
mandat yang diberikan.                                           consistently in accordance with their respective mandates.




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      Direksi
      Board of Directors

      Sesuai dengan Undang-Undang Perseroan Terbatas dan                  In accordance with the Limited Liability Company Law
      Peraturan OJK No. 33/POJK.04/2014 tentang Direksi dan               and Financial Services Authority Regulation No. 33/
      Dewan Komisaris Emiten atau Perusahaan Publik (“POJK                POJK.04/2014 concerning the Board of Directors and Board
      33/2014”), Direksi merupakan organ perseroan yang memiliki          of Commissioners of Issuers or Public Companies (“POJK
      kewenangan penuh dalam pengelolaan perusahaan. Tugas                33/2014”), the Board of Directors is the corporate organ
      dan tanggung jawab Direksi dijalankan dengan berlandaskan           vested with full authority in managing the Company. The
      prinsip governansi korporat, sehingga setiap keputusan              duties and responsibilities of the Board of Directors are
      yang diambil mencerminkan kepatuhan hukum, integritas,              carried out based on the principles of corporate governance,
      dan orientasi pada kepentingan jangka panjang.                      ensuring that every decision reflects legal compliance,
                                                                          integrity, and a long-term value creation orientation.

      Piagam Direksi
      Board of Directors Charter
      Piagam Direksi merupakan pedoman kerja bagi Direksi                 The Board of Directors Charter serves as the working
      dalam melaksanakan fungsi pengelolaan usaha Perseroan.              guideline for the Board of Directors in performing its
      Penyusunan piagam ini mengacu pada POJK 33/2014 dan                 management function. The Charter was prepared in
      dituangkan dalam Pedoman Kerja Direksi (Charter of Board            accordance with POJK 33/2014 and formalized as the Board
      of Directors) yang telah disetujui dan ditandatangani pada          of Directors Charter on March 2, 2020. It sets out the duties,
      2 Maret 2020. Piagam Direksi memuat ketentuan mengenai              authorities, and responsibilities of the Board of Directors,
      tugas, wewenang, dan tanggung jawab Direksi, termasuk               including meeting mechanisms, decision-making processes,
      mekanisme rapat, pengambilan keputusan, serta hubungan              and working relationships with the Board of Commissioners.
      kerja dengan Dewan Komisaris. Piagam ini masih relevan dan          This Charter remains relevant and aligned with applicable
      sesuai dengan ketentuan peraturan perundang-undangan                laws and regulations through the end of 2025.
      hingga akhir tahun 2025.



      Komposisi Direksi [IDX G-03]
      Composition of the Board of Directors [IDX G-05]
      Berdasarkan hasil keputusan RUPST yang diselenggarakan              Based on the resolutions of the AGMS held on 20 June 2025,
      pada 20 Juni 2025, komposisi Direksi mengalami perubahan.           the composition of the Board of Directors changed. For the
      Pada periode sebelum RUPST (1 Januari – 20 Juni 2025),              period prior to the AGMS (January 1 - June 20, 2025), the Board
      anggota Direksi berjumlah 8 orang, terdiri dari 1 orang             of Directors consisted of 8 members, comprising 1 President
      Direktur Utama, 2 orang Wakil Direktur Utama, 4 orang               Director, 2 Vice President Directors, 4 Directors in charge of
      Direktur bidang sesuai sektor keahlian masing-masing,               various functional areas according to their expertise, and 1
      dan 1 orang Direktur Independen. Sedangkan pada periode             Independent Director. For the period after the AGMS (June
      setelah RUPST (20 Juni – 31 Desember 2025) anggota Direksi          20 - December 31, 2025), the Board of Directors consisted of
      berjumlah 7 orang, terdiri dari 1 orang Direktur Utama, 2 orang     7 members, comprising 1 President Director, 2 Vice President
      Wakil Direktur Utama, 3 orang Direktur bidang sesuai sektor         Directors, 3 Directors in charge of functional areas according
      keahlian masing-masing, dan 1 orang Direktur Independen.            to their respective expertise, and 1 Independent Director.


      Informasi tentang perubahan komposisi Direksi telah                 Information regarding changes in the composition of the
      diuraikan pada Bab profil Perusahaan, Subbab Profil Direksi.        Board of Directors has been presented in the Company Profile
                                                                          chapter, under the section Board of Directors Profile.

      Masa Jabatan Direksi
      Term of Office of the Board of Directors
      Sesuai dengan ketentuan yang tercantum dalam Piagam                 In accordance with the Board of Directors Charter, members
      Direksi (BOD Charter), anggota Direksi diangkat oleh                of the Board of Directors are appointed by the shareholders
      pemegang saham melalui keputusan RUPS dengan masa                   through a GMS for a term of office until the closing of the
      jabatan berlaku sampai dengan penutupan RUPS Tahunan                fifth Annual General Meeting of Shareholders following
      ke-5 setelah tanggal pengangkatannya. RUPS memiliki                 their appointment. The GMS has the authority to dismiss


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hak untuk memberhentikan Direksi sewaktu-waktu dengan            members of the Board of Directors at any time for reasons
alasan sebagaimana yang telah diatur dalam Anggaran              as stipulated in the Articles of Association and the Board of
Dasar dan Piagam Direksi.                                        Directors Charter.


Tugas dan Tanggung Jawab Direksi
Duties and Responsibilities of the Board of Directors
Direksi secara kolegial melaksanakan tugas dan tanggung          The Board of Directors collectively carries out the duties
jawab dalam pengurusan Perseroan. Ketentuan mengenai             and responsibilities of managing the Company. The scope of
lingkup tugas dan tanggung jawab Direksi diatur dalam            duties and responsibilities of the Board of Directors is set
Piagam Direksi, dengan uraian sebagai berikut:                   out in the Board of Directors Charter, as follows:
1. Direksi bertugas menjalankan dan bertanggung                  1. The Board of Directors is responsible for managing the
    jawab atas pengurusan Perseroan untuk kepentingan                Company in the interest of the Company in accordance with
    Perseroan sesuai dengan maksud dan tujuan Perseroan.             its objectives and purposes.
2. Dalam menjalankan tugas dan tanggung jawab atas               2. In carrying out its management duties and responsibilities,
    pengurusan, Direksi wajib menyelenggarakan RUPS                  the Board of Directors is required to convene the Annual
    tahunan dan RUPS lainnya sebagaimana diatur dalam                General Meeting of Shareholders and other General
    peraturan perundang-undangan dan Anggaran Dasar.                 Meetings of Shareholders as stipulated under applicable
                                                                     laws and regulations and the Articles of Association.
3. Setiap anggota Direksi wajib melaksanakan tugas dan           3. Each member of the Board of Directors must perform
   tanggung-jawab dengan itikad baik, penuh tanggung                 their duties and responsibilities in good faith, with full
   jawab, dan kehati-hatian.                                         responsibility, and with due care.
4. Dalam rangka mendukung efektivitas pelaksanaan                4. To support the effectiveness of its duties and responsibilities,
   tugas dan tanggung jawabnya, Direksi dapat                        the Board of Directors may establish committees.
   membentuk Komite.
5. Direksi wajib melakukan evaluasi terhadap kinerja             5. The Board of Directors is required to evaluate the
   komite setiap akhir tahun buku.                                  performance of committees at the end of each financial year.
6. Setiap anggota Direksi bertanggung jawab secara               6. Each member of the Board of Directors is jointly and
   tanggung renteng atas kerugian Perseroan yang                    severally liable for losses incurred by the Company due to
   disebabkan oleh kesalahan atau kelalaian anggota                 errors or negligence of the Board of Directors in carrying out
   Direksi dalam menjalankan tugasnya.                              its duties.


Selain pelaksanaan tugas secara kolegial, setiap anggota         In addition to collective responsibilities, each member of the
Direksi juga memiliki tanggung jawab individual sesuai           Board of Directors also has individual responsibilities according
dengan bidang pengurusannya. Tugas dan tanggung jawab            to their respective areas of management. The duties and
Direksi sesuai bidangnya dapat dilihat pada tabel berikut:       responsibilities by function are presented in the following table:


          Direksi                                              Tugas dan Tanggung Jawab
     Board of Directors                                        Duties and Responsibilities

 Direktur Utama              Memimpin Direksi dalam menjalankan kepengurusan dan penyelenggaraan kepentingan
 President Director          Perseroan dalam mencapai maksud dan tujuan Perseroan.
                             Lead the Board of Directors in managing and administering the Company’s affairs to achieve the
                             Company’s objectives and goals.

 Wakil Direktur Utama        1 wakil Direktur Utama membawahi bisnis Keramik, dan 1 wakil Direktur Utama membawahi bisnis
 Vice President Director     Cement – Building Materials (CBM). Keduanya merupakan pihak yang berwenang dan bertanggung
                             jawab terhadap kinerja bisnis pada unit bisnis tersebut.
                             One Vice President Director is responsible for the Ceramic business, while the other Vice President
                             Director oversees the Cement – Building Materials (CBM) business. Both are authorized and
                             accountable for the performance of their respective business units.

 Direktur Keuangan           Mengidentifikasi pengukuran dan laporan atas kondisi keuangan Perseroan dan melakukan
 Finance Director            fungsi identifikasi dan mitigasi risiko Perseroan di bidang keuangan, untuk memastikan
                             Perseroan dapat berjalan optimal.
                             Identifying financial metrics and reports on the Company’s financial condition and performing
                             risk identification and mitigation functions in the financial sector to ensure the Company
                             operates optimally.

 Direktur Independen         Bertanggung jawab dalam sales management, utamanya di unit bisnis keramik.
 Independent Director        Responsible for sales management, primarily within the Ceramics business unit.



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      Independensi Direksi [IDX G-01]
      Independence of the Board of Directors [IDX G-01]
      Perseroan berkomitmen menjaga independensi Direksi agar             The Company is committed to maintaining the independence
      setiap pelaksanaan tugas dan tanggung jawab dilakukan               of the Board of Directors so that all duties and responsibilities
      secara objektif, bebas dari benturan kepentingan, serta             are carried out objectively, free from conflicts of interest,
      tanpa intervensi dari pihak mana pun.                               and without interference from any party.



      Rapat Direksi
      Board of Directors Meetings
      Kebijakan Rapat                                                     Meeting Policy
      Direksi wajib menyelenggarakan Rapat Direksi secara                 The Board of Directors is required to hold Board of Directors
      berkala dengan frekuensi sekurang-kurangnya satu kali               meetings on a regular basis, with a frequency of at least
      setiap bulan atau 12 kali dalam setahun. Rapat hanya dapat          once a month or 12 times a year. A meeting may only be
      dilaksanakan apabila dihadiri oleh mayoritas anggota                held if attended by a majority of the Board members, in
      Direksi, sesuai dengan ketentuan dalam Pedoman Kerja                accordance with the provisions of the Board of Directors’
      (Piagam) Direksi.                                                   Work Guidelines (Charter).


      Frekuensi Rapat dan Tingkat Kehadiran Tahun 2025                    Frequency of Meetings and Attendance Rates for 2025
      [IDX G-02]                                                          [IDX G-02]
      Pada tahun 2025, Direksi telah melaksanakan Rapat                   In 2025, the Board of Directors held 12 internal meetings.
      Internal Direksi sebanyak 12 kali. Informasi tentang                Information regarding the attendance of each Board
      kehadiran masing-masing anggota Direksi selama tahun                member during 2025 is presented in the table below:
      2025 disajikan dalam tabel di bawah:

                                                                                                                         Persentase
                                                                                Jumlah Rapat           Jumlah
                    Nama                                     Jabatan                                                  Tingkat Kehadiran
                                                                                  Number of           Kehadiran
                    Name                                     Position                                                  Attendance Rate
                                                                                  Meetings         Total Attendance
                                                                                                                          Percentage

                                           Direktur Utama
                                           President Director
      Thichet Srisuriyon 1)                                                           12                  12                 100%
                                           Wakil Direktur Utama
                                           Vice President Director

                                           Direktur Utama
      Warit Jintanawan 2)                                                             6                   6                  100%
                                           President Director

                                           Wakil Direktur Utama
      Pavaret Lila 3)                                                                 6                   6                  100%
                                           Vice President Director

                                           Wakil Direktur Utama
      Surawit Rattanawaree 3)                                                         6                   6                  100%
                                           Vice President Director

                                           Direktur
      Saran Kaitiwong                                                                 12                  12                 100%
                                           Director

                                           Direktur
      Kittikun Thongdejsri                                                            12                  12                 100%
                                           Director

                                           Direktur
      Pattaraphon Charttongkum                                                        12                  12                 100%
                                           Director

                                           Direktur Independen
      Y. Agung Kuncoro Hadi                                                           12                  12                 100%
                                           Independent Director

                                           Wakil Direktur Utama
      Nipan Boonbandarn 4)                                                            6                   6                  100%
                                           Vice President Director

                                           Direktur
      Sataporn Na Songkhla 4)                                                         6                   6                  100%
                                           Director




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1) Thichet Srisuriyon yang sebelumnya menjabat sebagai Wakil Direktur Utama diangkat sebagai Direktur Utama secara efektif pada 20 Juni 2025.
2) Warit Jintanawan yang sebelumnya menjabat sebagai Direktur Utama diangkat sebagai Komisaris secara efektif pada 20 Juni 2025, sehingga di tahun 2025 sebagai
   Direktur Utama hanya memiliki kewajiban menghadiri Rapat Internal Direksi sebanyak 6 kali.
3) Masa jabatan Pavaret Lila dan Surawit Rattanawaree sebagai Wakil Direktur Utama secara efektif dimulai pada 20 Juni 2025, sehingga di tahun 2025 hanya memiliki
   kewajiban menghadiri Rapat Internal Direksi sebanyak 6 kali.
4) Masa jabatan Nipan Boonbandarn sebagai Wakil Direktur Utama dan Sataporn Na Songkhla sebagai Direktur secara efektif berakhir pada 20 Juni 2025, sehingga di
   tahun 2025 hanya memiliki kewajiban menghadiri Rapat Internal Direksi sebanyak 6 kali.
1) Thichet Srisuriyon, who previously served as Vice President Director, was appointed as President Director effective June 20, 2025.
2) Warit Jintanawan, who previously served as President Director, was appointed as Commissioner effective June 20, 2025; therefore, in 2025, in his capacity as President
   Director, he was required to attend only 6 Board of Directors internal meetings.
3) The terms of office of Pavaret Lila and Surawit Rattanawaree as Vice President Directors became effective on June 20, 2025; therefore, in 2025, they were required
   to attend only 6 Board of Directors internal meetings.
4) The terms of office of Nipan Boonbandarn as Vice President Director and Sataporn Na Songkhla as Director ended effectively on June 20, 2025; therefore, in 2025,
   they were required to attend only 6 Board of Directors internal meetings.




Program Orientasi Direksi
Orientation Program of the Board of Directors
Program orientasi Direksi Perseroan telah dilaksanakan sejak                            The Board of Directors orientation program has been
sebelum pengangkatan. Calon anggota Direksi mengikuti                                   implemented prior to their appointment. Prospective members
kegiatan orientasi dengan mendampingi pelaksanaan                                       of the Board of Directors participate in orientation activities
tugas Direksi yang sedang menjabat, untuk memberikan                                    by observing and assisting the duties of the incumbent Board
pengenalan secara komprehensif mengenai tugas, tanggung                                 of Directors, in order to gain a comprehensive understanding
jawab, dan kewenangan Direksi, serta menyampaikan                                       of the Board’s roles, responsibilities, and authorities, as well
informasi mengenai kondisi umum Perseroan. Anggota                                      as to obtain information regarding the Company’s general
Direksi yang baru diangkat pada tahun 2025 telah melalui                                condition. Members of the Board of Directors appointed in
masa pengenalan (orientasi) tersebut.                                                   2025 have completed this orientation (induction) program.


Pelatihan dan Peningkatan Kompetensi Direksi [IDX G-05]
Training and Competency Development of the Board of Directors [IDX G-05]
Perseroan memfasilitasi anggota Direksi untuk mengikuti                                The Company facilitates members of the Board of Directors
pelatihan untuk peningkatan kompetensi sesuai dengan                                   to participate in training programs aimed at enhancing
kebutuhan bisnis, ketentuan regulasi, serta perkembangan                               their competencies in line with business needs, regulatory
industri. Informasi mengenai partisipasi Direksi dalam                                 requirements, and industry developments. Information
program pelatihan dan pengembangan kompetensi yang                                     regarding the participation of the Board of Directors in
dilaksanakan sepanjang tahun 2025 dapat dilihat pada                                   training and competency development programs conducted
tabel berikut:                                                                         throughout 2025 is presented in the following table:

         Nama                       Jabatan                                     Judul Kegiatan                                          Penyelenggara
         Name                       Position                                      Event Title                                             Organizer

 Saran                    Direktur                         Program Percepatan Manajemen                                    Institut Internasional untuk
 Kaitiwong                Director                         Management Acceleration Program                                 Pengembangan Manajemen (IMD)
                                                                                                                           International Institute for
                                                                                                                           Management Development (IMD)

 Surawit                  Wakil Direktur Utama             Pengembangan Kepemimpinan SCG 2025
                                                                                                                           SCG Learning, Thailand
 Rattanawaree             Vice President Director          SCG Leadership Development 2025

                                                           Pembangunan Sinergi Tim Berbasis Kekuatan
                                                                                                                           Gallup-CliftonStrengths, Thailand
                                                           Strengths-Based Team Synergy Building



Penilaian Direksi terhadap Kinerja Komite
Assessment of the Board of Directors on Committee Performance
Hingga akhir tahun 2025, Perseroan tidak membentuk komite                               As of the end of 2025, the Company has not established
pendukung di bawah Direksi. Kondisi tersebut membuat                                    any supporting committees under the Board of Directors.
penilaian atas kinerja komite tidak dapat dilakukan. Dengan                             Therefore, an assessment of committee performance could
demikian, aspek ini tidak menjadi bagian yang relevan untuk                             not be conducted. Accordingly, this aspect is not considered
dilaporkan dalam Laporan Tahunan 2025.                                                  relevant for disclosure in the 2025 Annual Report.




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      Penilaian Kinerja
      Direksi dan Dewan Komisaris
      Performance Assessment of the Board of Directors
      and Board of Commissioners
      [IDX G-04]



      Prosedur Pelaksanaan Penilaian Kinerja
      Performance Assessment Procedure
      Penilaian kinerja Dewan Komisaris dan Direksi dilaksanakan          The performance assessment of the Board of Commissioners
      setiap tahun sebagai komitmen Perseroan dalam menjaga               and the Board of Directors is conducted annually as part of the
      keberlanjutan usaha dan meningkatkan kualitas governansi            Company’s commitment to ensuring business sustainability
      korporat. Sebagai bagian dari SCG Group, Perseroan                  and enhancing the quality of corporate governance. As a
      menetapkan prosedur dan kriteria penilaian sesuai                   member of the SCG Group, the Company adopts assessment
      ketentuan induk perusahaan, sehingga Dewan Komisaris                procedures and criteria in accordance with the policies of its
      dan Direksi senantiasa menjalankan peran dan tanggung               parent company, ensuring that the Board of Commissioners
      jawabnya dengan selaras.                                            and the Board of Directors consistently perform their roles
                                                                          and responsibilities in alignment.


      Penilaian kinerja dilaksanakan secara kolegial maupun               The performance assessment is conducted both collectively
      individual melalui dua mekanisme, yaitu Overall Performance         and individually through two mechanisms, namely the
      Assessment (penilaian kinerja secara keseluruhan) dan               Overall Performance Assessment and Self-Assessment.
      Self Assessment (penilaian mandiri). Setiap anggota                 Each member of the Board of Commissioners and the Board
      Dewan Komisaris dan Direksi melakukan penilaian                     of Directors performs a self-assessment, which is then
      mandiri, yang kemudian dikaji oleh Komite Nominasi dan              reviewed by the Nomination and Remuneration Committee to
      Remunerasi untuk memastikan objektivitas. Hasil penilaian           ensure objectivity. The assessment results are recommended
      direkomendasikan kepada Dewan Komisaris dan Direksi, lalu           to the Board of Commissioners and the Board of Directors,
      dikonsolidasi dan ditinjau bersama untuk menilai efektivitas        consolidated, and jointly reviewed to evaluate effectiveness
      serta mengidentifikasi area perbaikan. Berdasarkan hasil            and identify areas for improvement. Based on these results,
      tersebut, Direksi menyusun rencana tindak lanjut, sementara         the Board of Directors prepares follow-up action plans, while
      Dewan Komisaris mengawasi implementasinya agar berjalan             the Board of Commissioners oversees their implementation
      sesuai tujuan.                                                      to ensure alignment with the intended objectives.



      Kriteria Penilaian Kinerja
      Performance Assessment Criteria
      Penilaian Dewan Komisaris difokuskan pada efektivitas               The performance assessment of the Board of Commissioners
      fungsi pengawasan dan kontribusi strategis dalam                    focuses on the effectiveness of its supervisory function and
      menjaga integritas governansi korporat. Aspek penilaian             strategic contribution in maintaining corporate governance
      mencakup keterlibatan dalam pengawasan strategi,                    integrity. Key assessment aspects include involvement
      sistem pengendalian internal, dan manajemen risiko,                 in overseeing strategy, internal control systems, and risk
      kehadiran dalam rapat, serta kualitas rekomendasi yang              management; meeting attendance; as well as the quality of
      diberikan kepada Direksi terkait kebijakan, kepatuhan               recommendations provided to the Board of Directors regarding
      regulasi, dan keberlanjutan usaha. Peran Dewan Komisaris            policies, regulatory compliance, and business sustainability. The
      dalam mengawasi efektivitas komite-komite juga menjadi              Board of Commissioners’ role in supervising the effectiveness of
      indikator penting.                                                  supporting committees also serves as an important indicator.


      Penilaian Direksi menitikberatkan pada pencapaian                   The performance assessment of the Board of Directors
      operasional dan kemampuan mengelola serta mengembangkan             focuses on operational achievements and the ability to manage
      bisnis. Fokusnya meliputi pencapaian target usaha, efektivitas      and develop the business. The key focus areas include the
      strategi, kepatuhan terhadap regulasi, serta kemampuan              achievement of business targets, effectiveness of strategy
      menjaga keberlanjutan usaha dan menciptakan nilai tambah            implementation, regulatory compliance, as well as the ability to
      bagi pemegang saham dan pemangku kepentingan.                       ensure business sustainability and create value for shareholders
                                                                          and stakeholders.

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Pihak Pelaksana Penilaian Kerja
Executing Party of Performance Assessment
Komite Nominasi dan Remunerasi merupakan pihak yang                 The Nomination and Remuneration Committee is responsible
ditugaskan untuk melaksanakan penilaian kinerja Dewan               for conducting the performance assessment of the Board of
Komisaris dan Direksi. Penugasan ini menjadi bagian dari            Commissioners and the Board of Directors. This assignment
mekanisme governansi korporat untuk memastikan proses               is an integral part of the corporate governance mechanism to
penilaian berjalan terstruktur, objektif, dan bebas dari benturan   ensure that the assessment process is structured, objective,
kepentingan. Dalam pelaksanaannya, Komite menelaah hasil            and free from conflicts of interest. In its implementation, the
self-assessment, capaian kinerja, serta masukan dari pemangku       Committee reviews self-assessment results, performance
kepentingan yang relevan. Apabila diperlukan, Perseroan dapat       achievements, and relevant inputs from stakeholders. If
menunjuk pihak independen guna memberikan perspektif                necessary, the Company may appoint an independent party
tambahan, termasuk rekomendasi perbaikan yang mendukung             to provide additional perspectives, including improvement
peningkatan efektivitas pengawasan dan pengelolaan                  recommendations to support enhanced effectiveness of
perusahaan secara menyeluruh.                                       oversight and overall corporate management.




Nominasi dan Remunerasi
Direksi dan Dewan Komisaris
Nomination and Remuneration of the Board of Directors
and Board of Commissioners

Kebijakan nominasi dan remunerasi untuk anggota Dewan               The nomination and remuneration policies for members of
Komisaris dan Direksi ditetapkan sebagai instrumen strategis        the Board of Commissioners and the Board of Directors are
dalam memperkuat governansi korporat Perseroan. Melalui             established as strategic instruments to strengthen the Company’s
Komite Nominasi dan Remunerasi, proses nominasi dijalankan          corporate governance framework. Through the Nomination and
secara objektif dan transparan sesuai regulasi, untuk               Remuneration Committee, the nomination process is carried
memastikan kepemimpinan yang berintegritas dan kompeten.            out objectively and transparently in accordance with applicable
Pada saat yang sama, kebijakan remunerasi dirancang                 regulations, to ensure leadership with integrity and competence.
secara adil dan proporsional dengan mempertimbangkan                At the same time, the remuneration policy is designed to be
kinerja serta kontribusi masing-masing anggota, sehingga            fair and proportionate, taking into account the performance
mendukung efektivitas fungsi pengawasan dan pengelolaan             and contributions of each member, thereby supporting the
serta menjaga keberlanjutan nilai Perseroan.                        effectiveness of supervisory and management functions as well
                                                                    as safeguarding the Company’s sustainable value creation.

Nominasi Direksi dan Dewan Komisaris
Nomination of the Board of Directors and Board of Commissioners
Prosedur Nominasi Dewan Komisaris dan Direksi                       Nomination Procedure for the Board of Commissioners and
                                                                    Board of Directors
Prosedur nominasi Dewan Komisaris dan Direksi Perseroan             The nomination procedure for the Company’s Board of
dilaksanakan secara sistematis dan transparan untuk                 Commissioners and Board of Directors is conducted
memastikan terpilihnya kandidat yang memiliki integritas,           in a systematic and transparent manner to ensure the
kompetensi, serta pengalaman yang relevan dengan                    selection of candidates with integrity, competence, and
kebutuhan Perseroan. Sebagai bagian dari SCG Group,                 relevant experience aligned with the Company’s needs.
Prosedur Nominasi Dewan Komisaris dan Direksi mengikuti             As part of the SCG Group, the nomination procedure
pedoman yang ditetapkan oleh perusahaan induk, dengan               follows the guidelines established by the parent company,
tetap memperhatikan ketentuan hukum dan regulasi yang               while remaining fully compliant with applicable laws and
berlaku di Indonesia.                                               regulations in Indonesia.


Dalam pelaksanaannya, Komite Nominasi dan Remunerasi                In its implementation, the Nomination and Remuneration
berperan aktif memberikan saran dan rekomendasi atas                Committee plays an active role in providing advice and
kandidat yang diajukan sebelum keputusan final ditetapkan           recommendations on proposed candidates prior to final approval


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      oleh pemegang saham melalui RUPS. Untuk menjamin                   by shareholders through the General Meeting of Shareholders
      proses yang terstruktur dan sesuai regulasi, tahapan dalam         (GMS). To ensure a structured and regulatory-compliant
      Prosedur Nominasi Dewan Komisaris dan Direksi meliputi:            process, the stages of the nomination procedure include:
      1. Penyusunan prosedur nominasi anggota Dewan                      1. Development of the nomination procedure for members
         Komisaris dan Direksi sesuai dengan ketentuan regulasi              of the Board of Commissioners and Board of Directors in
         yang berlaku.                                                       accordance with applicable regulations.
      2. Penetapan komposisi dan jumlah anggota Dewan                    2. Determination of the composition and number of members
         Komisaris dan Direksi sesuai kebutuhan Perseroan dan                of the Board of Commissioners and Board of Directors based
         ketentuan regulasi.                                                 on the Company’s needs and regulatory requirements.
      3. Perumusan kebijakan dan kriteria nominasi tanpa                 3. Formulation of nomination policies and criteria on a
         diskriminasi    berdasarkan    gender,     usia,   etnis,           non-discriminatory basis with respect to gender, age,
         kewarganegaraan, agama, asal negara, latar belakang                 ethnicity, nationality, religion, country of origin, cultural
         budaya, atau tradisi, serta kepatuhan terhadap                      background, or traditions, while ensuring compliance with
         peraturan perundang-undangan dan kebijakan internal.                applicable laws and internal policies.
      4. Penelaahan dan pengusulan kandidat yang memenuhi                4. Review and proposal of eligible candidates for the
         syarat sebagai anggota Dewan Komisaris dan Direksi                  Board of Commissioners and Board of Directors by the
         oleh Komite Nominasi dan Remunerasi kepada Dewan                    Nomination and Remuneration Committee to the Board of
         Komisaris untuk kemudian disampaikan kepada RUPS.                   Commissioners, to be further submitted to the GMS.
      5. Penyampaian usulan kandidat dalam RUPS, di mana                 5. Submission of candidate proposals to the GMS, where
         setiap pemegang saham memiliki satu suara untuk                     each shareholder is entitled to one vote for each share
         setiap saham yang dimiliki atau diwakilinya.                        owned or represented.
      6. Pengangkatan anggota Dewan Komisaris dan Direksi                6. Appointment of members of the Board of Commissioners
         ditetapkan berdasarkan keputusan RUPS.                              and Board of Directors is determined based on resolutions
                                                                             of the GMS.


      Persyaratan Keanggotaan Dewan Komisaris dan Direksi                Requirements for Membership of the Board of Commissioners
      [IDX G-06]                                                         and the Board of Directors [IDX G-06]
      Penentuan calon anggota Dewan Komisaris dan Direksi                The selection of candidates for the Board of Commissioners
      dilakukan melalui kajian yang dilaksanakan oleh Komite             and the Board of Directors is conducted through an
      Nominasi dan Remunerasi. Kajian ini berpedoman pada                assessment carried out by the Nomination and Remuneration
      persyaratan keanggotaan Dewan Komisaris dan Direksi                Committee. This assessment is guided by the membership
      sebagaimana diatur dalam Piagam Dewan Komisaris dan                requirements of the Board of Commissioners and the Board of
      Piagam Direksi. Tujuan utamanya adalah memastikan bahwa            Directors as stipulated in the Board of Commissioners Charter
      kandidat yang diajukan memiliki kualitas dan rekam jejak           and the Board of Directors Charter. The primary objective is
      yang sesuai untuk mendukung efektivitas kepemimpinan               to ensure that nominated candidates possess the appropriate
      Perseroan. Adapun persyaratan keanggotaan Dewan                    qualifications and track record to support the effectiveness
      Komisaris dan Direksi adalah:                                      of the Company’s leadership. The requirements are as follows:
      1. Mempunyai akhlak, moral dan integritas yang baik.               1. Possess good character, morals, and integrity.
      2. Cakap melakukan perbuatan hukum.                                2. Be legally competent to perform legal acts.
      3. Dalam 5 (lima) tahun sebelum pengangkatan dan                   3. Within 5 (five) years prior to appointment and during
          selama menjabat:                                                   their tenure:
          a. Tidak pernah dinyatakan pailit;                                 a. Have never been declared bankrupt;
          b. Tidak pernah menjadi anggota Direksi dan/atau                   b. Have never served as a member of the Board of Directors
              anggota Dewan Komisaris yang dinyatakan bersalah                   and/or Board of Commissioners who was found guilty of
              menyebabkan suatu perusahaan dinyatakan pailit;                    causing a company to be declared bankrupt;
          c. Tidak pernah dihukum karena melakukan tindak                    c. Have never been convicted of a criminal offense
              pidana yang merugikan keuangan negara dan/atau                     causing losses to state finances and/or related to the
              yang berkaitan dengan sektor keuangan;                             financial sector;
          d. Tidak pernah menjadi anggota Direksi dan/atau                   d. Have never served as a member of the Board of Directors
              anggota Dewan Komisaris yang selama menjabat:                      and/or Board of Commissioners who, during their tenure:
              • Pernah tidak menyelenggarakan RUPS Tahunan;                      • Failed to hold an Annual General Meeting of
                                                                                     Shareholders;




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       •  Pertanggungjawabannya sebagai anggota Direksi                 •   Had their accountability as a member of the Board
          dan/atau Dewan Komisaris pernah tidak diterima                    of Directors and/or Board of Commissioners rejected
          oleh RUPS atau pernah tidak memberikan                            by the GMS, or failed to submit accountability
          pertanggungjawaban sebagai anggota Direksi                        reports to the GMS;
          dan/atau anggota Dewan Komisaris kepada RUPS;
      • Pernah tidak menyampaikan laporan tahunan                       •   Failed to submit annual reports and/or financial
          dan/atau laporan keuangan kepada OJK                              statements to the Financial Services Authority (OJK).
4. Memiliki komitmen untuk mematuhi peraturan                    4. Demonstrate commitment to comply with applicable
   perundang-undangan yang berlaku.                                 laws and regulations.
5. Memiliki pengetahuan dan/atau pengalaman di bidang            5. Possess knowledge and/or experience in the Company’s
   usaha Perseroan.                                                 line of business.


Kebijakan Suksesi Direksi                                        Succession Policy for the Board of Directors
Kebijakan Suksesi Direksi dirancang untuk menjamin               The Succession Policy for the Board of Directors is designed
kesinambungan kepemimpinan dan menjaga stabilitas                to ensure leadership continuity and maintain the stability
pengelolaan Perseroan. Kebijakan ini menekankan pentingnya       of the Company’s management. This policy emphasizes the
perencanaan jangka panjang dalam menyiapkan kandidat yang        importance of long-term planning in preparing candidates
mampu melanjutkan strategi perusahaan, sekaligus memastikan      capable of continuing the Company’s strategies, while
keberlangsungan penerapan prinsip governansi korporat.           ensuring the sustainability of corporate governance principles.


Implementasi kebijakan dilakukan melalui identifikasi kandidat   The implementation of this policy includes the identification
potensial, pengembangan kompetensi yang terstruktur, serta       of potential candidates, structured competency development,
evaluasi berkala atas kesiapan kandidat. Komite Nominasi         and periodic evaluation of candidate readiness. The Nomination
dan Remunerasi berperan dalam memberikan rekomendasi             and Remuneration Committee provides recommendations on
atas kandidat yang dinilai layak, sedangkan keputusan akhir      suitable candidates, while the final decision is determined by
ditetapkan melalui Rapat Umum Pemegang Saham (RUPS).             the General Meeting of Shareholders (GMS).


Remunerasi Direksi dan Dewan Komisaris
Remuneration of the Board of Directors and Board of Commissioners
Prosedur Penetapan Remunerasi Dewan Komisaris dan                Procedure for Determining Remuneration of the Board of
Direksi                                                          Commissioners and the Board of Directors
Prosedur penetapan remunerasi Dewan Komisaris dan Direksi        The remuneration determination process for the Board of
dilaksanakan secara terstruktur dengan berlandaskan ketentuan    Commissioners and the Board of Directors is carried out in a
peraturan perundang-undangan. Tujuannya adalah menjaga           structured manner based on applicable laws and regulations.
objektivitas dan kewajaran dalam penetapan honorarium serta      The objective is to ensure objectivity and fairness in
tunjangan, sehingga tetap selaras dengan prinsip governansi      determining honoraria and allowances, in line with corporate
korporat. Adapun tahap prosedur penetapan remunerasi Dewan       governance principles. The procedure is as follows:
Komisaris dan Direksi adalah sebagai berikut:
1. Komite Nominasi dan Remunerasi meninjau struktur              1. The Nomination and Remuneration Committee reviews
    dan jumlah remunerasi Dewan Komisaris dan Direksi;              the remuneration structure and total remuneration of
                                                                    the Board of Commissioners and the Board of Directors;
2. Komite Nominasi dan Remunerasi memberikan                     2. The Nomination and Remuneration Committee
   rekomendasi mengenai peningkatan remunerasi tahun                provides recommendations regarding remuneration
   berikutnya untuk Dewan Komisaris dan Direksi;                    adjustments for the following year for both the Board of
                                                                    Commissioners and the Board of Directors;
3. Rekomendasi kemudian akan dievaluasi oleh Dewan               3. The recommendations are then evaluated by the Board
   Komisaris; dan                                                   of Commissioners; and
4. Rekomendasi yang telah dievaluasi akan diusulkan oleh         4. The evaluated recommendations are proposed by the
   Dewan Komisaris kepada pemegang saham. Melalui                   Board of Commissioners to the shareholders. Through
   keputusan RUPST, Pemegang Saham menyetujui                       the resolution of the AGMS, shareholders approve the
   honorarium dan tunjangan bagi Dewan Komisaris serta              honorarium and allowances for the Board of Commissioners




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         memberikan kuasa kepada Dewan Komisaris untuk                      and authorize the Board of Commissioners to determine the
         menetapkan gaji dan tunjangan Direksi pada tahun                   salaries and benefits of the Board of Directors for the 2025
         buku 2025, dengan tetap merujuk pada rekomendasi                   financial year, with reference to the recommendations of
         Komite Nominasi dan Remunerasi.                                    the Nomination and Remuneration Committee.


      Indikator Penetapan Remunerasi Dewan Komisaris dan Direksi         Indicators for Determining Remuneration of the Board of
                                                                         Commissioners and the Board of Directors
      Penetapan remunerasi Dewan Komisaris dan Direksi                   The determination of remuneration for the Board of
      dilakukan dengan berlandaskan indikator yang jelas dan             Commissioners and the Board of Directors is based on clear
      terukur. Indikator ini memastikan bahwa kompensasi yang            and measurable indicators. These indicators ensure that
      diberikan sesuai dengan tanggung jawab, pencapaian                 the compensation provided aligns with responsibilities,
      kinerja, serta ketentuan regulasi yang berlaku, sekaligus          performance achievements, and applicable regulatory
      mendukung prinsip governansi korporat. Indikator                   requirements, while supporting corporate governance
      utama yang menjadi dasar penetapan remunerasi di                   principles. The primary indicators serving as the basis for
      Perseroan meliputi:                                                remuneration determination at the Company include:
      1. Standar remunerasi yang berlaku pada industri sesuai            1. Industry-standard remuneration applicable to the
          dengan kegiatan usaha Perseroan.                                   Company’s business activities.
      2. Lingkup tugas dan tanggung jawab anggota Dewan                  2. The scope of duties and responsibilities of members of
          Komisaris dan Direksi.                                             the Board of Commissioners and the Board of Directors.
      3. Pencapaian kinerja anggota Dewan Komisaris dan                  3. Performance achievements of members of the Board of
          Direksi.                                                           Commissioners and the Board of Directors.
      4. Keseimbangan tunjangan antara yang bersifat tetap               4. Balance between fixed and variable compensation
          dan bersifat variabel.                                             components.


      Struktur Remunerasi Dewan Komisaris dan Direksi                    Remuneration Structure for the Board of Commissioners
                                                                         and the Board of Directors
      Struktur remunerasi bagi Dewan Komisaris dan Direksi               The remuneration structure for the Company’s Board of
      Perseroan ditetapkan berdasarkan lingkup tugas, tanggung           Commissioners and Board of Directors is determined based on
      jawab, dan kewenangan masing-masing anggota, dengan                the scope of duties, responsibilities, and authorities of each
      mempertimbangkan indikator penetapan remunerasi.                   member, taking into account remuneration determination
      Struktur remunerasi disusun untuk menjaga kewajaran dan            indicators. The remuneration structure is designed to ensure
      objektivitas, serta memastikan dukungan yang memadai               fairness and objectivity, as well as to provide adequate support
      agar fungsi kepemimpinan dapat dijalankan secara efektif.          so that leadership functions can be carried out effectively.


      Penyusunan struktur remunerasi merujuk pada ketentuan              The formulation of the remuneration structure refers to
      peraturan perundang-undangan dan praktik industri,                 statutory regulations and industry practices, thereby
      sehingga tetap selaras dengan prinsip governansi korporat.         remaining aligned with corporate governance principles.


      Besaran Remunerasi Dewan Komisaris dan Direksi Tahun               Remuneration Amounts for the Board of Commissioners and
      2025                                                               Board of Directors for 2025
      Besaran remunerasi Dewan Komisaris dan Direksi Perseroan           The remuneration amounts for the Company’s Board of
      pada tahun buku 2025 ditetapkan melalui keputusan                  Commissioners and Board of Directors for the 2025 fiscal
      RUPST. Penetapan ini dilakukan dengan memperhatikan                year are determined by a resolution of the AGMS. This
      rekomendasi Komite Nominasi dan Remunerasi, sehingga               determination is made in accordance with the recommendations
      jumlah yang dialokasikan mencerminkan keputusan resmi              of the Nomination and Remuneration Committee, ensuring
      pemegang saham. Untuk Dewan Komisaris secara kolegial,             that the allocated amounts reflect the official decision of the
      total remunerasi berupa honor bagi 3 anggota ditetapkan            shareholders. For the Board of Commissioners as a collective
      sebesar Rp600.000.000. Sementara itu, remunerasi                   body, the total remuneration in the form of honoraria for the 3
      meliputi gaji dan tunjangan lainnya bagi 7 anggota Direksi         members is set at Rp600,000,000. Meanwhile, the remuneration,
      secara kolegial ditetapkan sebesar Rp4.230.809.741.                comprising salaries and other allowances for the 7 members of
                                                                         the Board of Directors collectively, is set at Rp4,230,809,741.




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Informasi besaran remunerasi Dewan Komisaris dan Direksi         Information regarding the remuneration amounts for the
pada tahun 2025 secara kolegial disajikan dalam tabel berikut:   Board of Commissioners and the Board of Directors for 2025,
                                                                 on a collective basis, is presented in the following table:

                            Uraian                                              Total Remunerasi tahun 2025
                          Description                                             Total Remuneration in 2025

Dewan Komisaris
Board of Commissioners

Gaji dan Tunjangan
                                                                                                                    Rp600.000.000
Salary and Benefits

Direksi
Board of Directors

Gaji dan Tunjangan
                                                                                                                  Rp4.230.809.741
Salary and Benefits

Total                                                                                                            Rp4.830.809.741




Kebijakan Keberagaman Komposisi
Dewan Komisaris dan Direksi
Diversity Policy for the Composition of the Board of
Commissioners and the Board of Directors
[IDX G-01]



Kebijakan keberagaman komposisi Dewan Komisaris                  The diversity policy for the composition of the Board
dan Direksi merupakan bagian dari penerapan prinsip              of Commissioners and the Board of Directors is part of
governansi korporat Perseroan. Dalam proses pegangkatan          the Company’s implementation of corporate governance
anggota, keberagaman menjadi faktor utama dengan                 principles. In the appointment process, diversity is a key factor,
mempertimbangkan latar belakang pendidikan, keahlian             taking into account educational background, professional
profesional, pengalaman, usia, dan gender.                       expertise, experience, age, and gender.


Perseroan menegaskan komitmen terhadap keberagaman               The Company reaffirms its commitment to diversity through
melalui mekanisme nominasi yang inklusif dan bebas               an inclusive and non-discriminatory nomination mechanism,
diskriminasi, sehingga komposisi Dewan Komisaris dan             ensuring that the composition of the Board of Commissioners
Direksi terbentuk secara seimbang dan representatif              and the Board of Directors is balanced and representative,
serta mendukung efektivitas fungsi pengawasan dan                thereby supporting the effectiveness of oversight and
pengelolaan. Informasi lebih lanjut mengenai latar belakang      management functions. Further information regarding the
pendidikan dan keahlian anggota Dewan Komisaris dan              educational backgrounds and expertise of the members of the
Direksi tersedia pada Bab Profil Perusahaan, Subbab Profil       Board of Commissioners and the Board of Directors is available
Dewan Komisaris, dan Subbab Profil Direksi.                      in the Company Profile Chapter, the Board of Commissioners
                                                                 Profile Subsection, and the Board of Directors Profile Subsection.




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      Komite Audit
      Audit Committee

      Komite Audit dibentuk oleh Dewan Komisaris sebagai                 The Audit Committee was established by the Board of
      perangkat governansi korporat yang mendukung efektivitas           Commissioners as a corporate governance body to support
      fungsi pengawasan Perseroan. Pembentukan Komite Audit              the effectiveness of the Company’s oversight functions.
      berlandaskan pada Peraturan OJK No. 55/POJK.04/2015                The establishment of the Audit Committee is based on OJK
      tentang Pembentukan dan Pedoman Pelaksanaan Kerja                  Regulation No. 55/POJK.04/2015 concerning the Establishment
      Komite Audit (“POJK 55/2015”). Secara umum, Komite Audit           and Guidelines for the Operation of the Audit Committee (“POJK
      berfungsi memberikan dukungan kepada Dewan Komisaris               55/2015”). In general, the Audit Committee serves to support
      dalam memastikan pengawasan terhadap pengelolaan                   the Board of Commissioners in ensuring that oversight of the
      Perseroan berjalan secara objektif, transparan, dan sesuai         Company’s management is conducted objectively, transparently,
      dengan ketentuan yang berlaku.                                     and in accordance with applicable regulations.



      Piagam Komite Audit
      Charter of the Audit Committee
      Piagam Komite Audit berfungsi sebagai landasan bagi                The Audit Committee Charter serves as the foundation for the
      Komite Audit dalam menjalankan peran dan tanggung                  Audit Committee in carrying out its roles and responsibilities.
      jawabnya. Penyusunan Piagam Komite Audit mengacu pada              The Audit Committee Charter was drafted in accordance
      POJK 55/2015. Piagam Komite Audit memuat ketentuan                 with POJK 55/2015. The Audit Committee Charter contains
      mengenai ruang lingkup tugas dan tanggung jawab,                   provisions regarding the scope of duties and responsibilities,
      wewenang, serta mekanisme rapat kerja Komite Audit.                authority, and the mechanism for Audit Committee meetings.
      Dengan adanya piagam tersebut, Perseroan memastikan                With this charter in place, the Company ensures that the Audit
      pelaksanaan tugas Komite Audit berjalan secara konsisten,          Committee’s duties are carried out consistently, purposefully,
      terarah, dan mendukung peningkatan kualitas pengawasan             and in a manner that supports the improvement of the quality
      oleh Dewan Komisaris.                                              of oversight by the Board of Commissioners.


      Tugas dan Tanggung Jawab Komite Audit
      Duties and Responsibilities of the Audit Committee
      Komite Audit memiliki tugas dan tanggung jawab                     The Audit Committee has duties and responsibilities as
      sebagaimana diatur dalam Pasal 10 POJK 55/2015, meliputi:          stipulated in Article 10 of POJK 55/2015, including:
      1. Melakukan penelaahan atas informasi keuangan yang               1. Reviewing financial information to be disclosed by the
         akan dikeluarkan Perseroan kepada publik dan/atau                   Company to the public and/or regulatory authorities,
         pihak otoritas antara lain laporan keuangan, proyeksi,              including financial statements, projections, and other
         dan laporan lainnya terkait dengan informasi keuangan;              reports related to financial information;
      2. Melakukan penelaahan atas ketaatan terhadap                     2. Reviewing compliance with laws and regulations related
         peraturan perundang-undangan yang berhubungan                       to the Company’s activities;
         dengan kegiatan Perseroan;
      3. Memberikan pendapat independen dalam hal terjadi                3. Providing an independent opinion in the event of a
         perbedaan pendapat antara manajemen dan Akuntan                    disagreement between management and the Auditor
         atas jasa yang diberikannya;                                       regarding the services provided;
      4. Memberikan rekomendasi kepada Dewan Komisaris                   4. Providing   recommendations      to the    Board    of
         mengenai penunjukan Akuntan yang didasarkan                        Commissioners regarding the appointment of the Auditor
         pada independensi, ruang lingkup penugasan, dan                    based on independence, scope of engagement, and fees;
         imbalan jasa;
      5. Melakukan penelaahan atas pelaksanaan pemeriksaan               5. Reviewing the conduct of audits by the Internal Auditor
         oleh Auditor Internal dan mengawasi pelaksanaan                    and overseeing the Board of Directors’ follow-up on the
         tindak lanjut oleh Direksi atas temuan Auditor Internal;           Internal Auditor’s findings;
      6. Melakukan penelaahan terhadap aktivitas pelaksanaan             6. Reviewing the implementation of risk management
         manajemen risiko yang dilakukan oleh Direksi;                      activities carried out by the Board of Directors;
      7. Menelaah pengaduan yang berkaitan dengan proses                 7. Reviewing complaints related to accounting processes
         akuntansi dan pelaporan keuangan;                                  and financial reporting;




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8. Menelaah dan memberikan saran kepada Dewan Komisaris                 8. Reviewing and providing advice to the Board of
   terkait dengan adanya potensi benturan kepentingan; dan                 Commissioners regarding potential conflicts of interest; and
9. Menjaga kerahasiaan dokumen, data, dan informasi                     9. Maintaining the confidentiality of the Company’s
   Perseroan.                                                              documents, data, and information.



Komposisi dan Masa Jabatan Komite Audit
Composition and Term of Office of the Audit Committee
Sesuai dengan ketentuan regulasi, Komite Audit                          In accordance with regulatory provisions, the Audit
beranggotakan sekurang-kurangnya 3 (tiga) orang, dengan                 Committee consists of at least 3 (three) members, one
salah satunya adalah Komisaris Independen yang bertindak                of whom is an Independent Commissioner who serves as
sebagai Ketua merangkap anggota. Sementara itu, anggota                 Chairperson and member. Meanwhile, the other members
lainnya berasal dari Pihak Independen sesuai dengan                     are from Independent Parties in accordance with the
persyaratan yang ditetapkan oleh regulasi. Komposisi                    requirements set forth by regulations. The composition of
Komite Audit Perseroan per 31 Desember 2025 disajikan                   the Company’s Audit Committee as of December 31, 2025,
pada tabel berikut:                                                     is presented in the following table:

                                        Posisi di
               Nama                     Komite                  Jabatan Lain di Perseroan                  Masa Jabatan             Periode
               Name                    Committee               Other Positions in the Company              Term of Office            Period
                                        Position

                                     Ketua            Komisaris Independen                                                          Pertama
 Noppadol Gaewthabthim                                                                                      2023-2026
                                     Chairman         Independent Commissioner                                                       First

                                                      Tidak merangkap jabatan lain di Perseroan
                                     Anggota          (Pihak Independen)                                                            Pertama
 Dr. Ancella Anitawati Hermawan                                                                              2021-2026
                                     Member           No concurrent positions at the Company                                         First
                                                      (Independent Party)

                                                      Tidak merangkap jabatan lain di Perseroan
 Dwi Astuti Rosmianingrum            Anggota          (Pihak Independen)                                                            Pertama
                                                                                                             2022-2027
 Nainggolan                          Member           No concurrent positions at the Company                                         First
                                                      (Independent Party)


Sesuai dengan ketentuan yang berlaku, masa jabatan                       In accordance with applicable regulations, the term of office
Komite Audit adalah 5 (lima) tahun dan dapat diangkat                    for the Audit Committee is 5 (five) years, and members may be
kembali setelah masa jabatannya berakhir.                                reappointed upon the expiration of their term.




Profil Komite Audit
Audit Committee Profile


Noppadol Gaewthabthim
Ketua Komite Audit
Chair of the Audit Committee

 Usia
                         67 tahun/years old
 Age

 Kewarganegaraan
                         Thailand
 Nationality

 Dasar Hukum
                         Diangkat sebagai Ketua Komite Audit berdasarkan Keputusan Rapat Dewan Komisaris tanggal 5 Desember 2022
 Pengangkatan
                         Appointed as Chairman of the Audit Committee pursuant to the Board of Commissioners’ Resolution dated
 Legal Basis of
                         December 5, 2022
 Appointment

 Profil lengkap beliau, yang saat ini juga menjabat sebagai Komisaris Independen, telah diuraikan pada Bab Profil Perusahaan Subbab Profil
 Dewan Komisaris.
 His full profile, as he currently also serves as an Independent Commissioner, is detailed in the Company Profile Chapter, Subsection on the
 Board of Commissioners.




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      Dr. Ancella Anitawati Hermawan
      Anggota Komite Audit
      Member of the Audit Committee

       Usia
                                62 tahun/years old
       Age

       Kewarganegaraan
                                Indonesia
       Nationality

       Dasar Hukum              Diangkat sebagai Anggota Komite Audit berdasarkan Surat Pemberitahuan Perseroan kepada Deputi Komisioner
       Pengangkatan             Pengawas Pasar Modal (OJK) No. 041/CS-KIA/AC/IX/2021 tanggal 1 September 2021.
       Legal Basis of           Appointed as a Member of the Audit Committee pursuant to the Company’s Notification Letter to the Deputy
       Appointment              Commissioner for Capital Market Supervision (OJK) No. 041/CS-KIA/AC/IX/2021 dated September 1, 2021.

       Gelar Pendidikan         •   1986
       Educational                  Sarjana Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Indonesia
       Qualifications               Bachelor of Accounting, Faculty of Economics and Business, University of Indonesia
                                •   1989
                                    Master of Business Administration in Finance and Accounting, Washington University, St. Louis, USA
                                    Master of Business Administration in Finance and Accounting, Washington University, St. Louis, USA
                                •   2009
                                    Doktor dalam bidang Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Indonesia
                                    Doctorate in Accounting, Faculty of Economics and Business, University of Indonesia

       Sertifikasi                  •   Indonesia Chartered Accountant (CA)
       Certifications               •   Associate Chartered Management Accountant (ACMA)
                                    •   Chartered Global Management Accountant (CGMA)
                                    •   Certified Riks Management (CRM)
                                    •   Qualified Risk Governance Professional (QRGP)

       Rangkap Jabatan          •   Di Perseroan:                     •   Di Perusahaan atau Institusi Lain:
       Concurrent Position          At the Company:                       At Other Companies or Institutions:
                                    Tidak merangkap jabatan               • 1986-sekarang/present
                                    di Perseroan                             - Lektor Kepala, Departemen Akuntansi, FEB Universitas Indonesia
                                    No concurrent positions in                  Senior Lecturer, Department of Accounting, Faculty of Economics
                                    the Company                                 and Business, University of Indonesia
                                                                          • 1995-sekarang/present
                                                                             - Senior Consultant and Trainer, Pusat Pengembangan Akuntansi
                                                                                FEB UI
                                                                                Senior Consultant and Trainer, Center for Accounting Development,
                                                                                Faculty of Economics and Business, University of Indonesia
                                                                          • 2021-sekarang/present
                                                                             - Anggota Komite Audit, PT Keramika Indonesia Assosiasi Tbk
                                                                                Member of the Audit Committee, PT Keramika Indonesia Assosiasi
                                                                                Tbk
                                                                          • 2001-2003; 2025-sekarang/present
                                                                             - Anggota Komite Audit, PT Ekadharma International Tbk
                                                                                Member of the Audit Committee, PT Ekadharma International Tbk
                                                                          • 2022-sekarang/present
                                                                             - Komisaris Independen, Ketua Komite Audit, Anggota Komite
                                                                                Pemantau Risiko, PT Prudential Life Assurance Indonesia
                                                                                Independent Commissioner, Chair of the Audit Committee, Member
                                                                                of the Risk Monitoring Committee, PT Prudential Life Assurance
                                                                                Indonesia
                                                                          • 2024-sekarang/present
                                                                             - Anggota Senat Akademik, Universitas Indonesia
                                                                             - Komisaris Independen, Ketua Komite Audit, PT Sarana Multi
                                                                                Infrastruktur (Persero)
                                                                                Member of the Academic Senate, University of Indonesia
                                                                                Independent Commissioner, Chair of the Audit Committee, PT
                                                                                Sarana Multi Infrastruktur (Persero)

       Riwayat Jabatan          •   1985-1987
       Professional History         Auditor, Kantor Akuntan Publik (KAP) Sudjendro, koresponden untuk Peat, Marwick, and Mitchell
                                    Auditor, Sudjendro Public Accounting Firm (KAP), correspondent for Peat, Marwick, and Mitchell
                                •   1997-2000
                                    Wakil Direktur Administrasi dan Keuangan, Program Magister Manajemen, FEB Universitas Indonesia
                                    Deputy Director of Administration and Finance, Master of Management Program, Faculty of Economics and
                                    Business, University of Indonesia




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                       •   2003-2006
                           Anggota Komite Audit, PT Bank Permata Tbk
                           Member of the Audit Committee, PT Bank Permata Tbk
                       •   2013-2016
                           Anggota Komite Pemantau Risiko, PT Bank BNI Tbk
                           Member of the Risk Monitoring Committee, PT Bank BNI Tbk
                       •   2014-2019
                           Tim Pelaksana Standar Akuntansi Keuangan, Ikatan Akuntan Indonesia (IAI)
                           Implementation Team for Financial Accounting Standards, Indonesian Institute of Accountants (IAI)
                       •   2014-2022
                           Kepala Departemen Akuntansi, FEB Universitas Indonesia
                           Head of the Accounting Department, Faculty of Economics and Business, University of Indonesia
                       •   2019-2025
                           Anggota Komite Audit, PT Indocement Tunggal Prakarsa Tbk
                           Member of the Audit Committee, PT Indocement Tunggal Prakarsa Tbk
                       •   2020-2025
                           Anggota Komite Audit, PT Bintraco Dharma Tbk
                           Member of the Audit Committee, PT Bintraco Dharma Tbk




Dwi Astuti Rosmianingrum Nainggolan
Anggota Komite Audit
Member of the Audit Committee

 Usia
                       58 tahun/years old
 Age

 Kewarganegaraan
                       Indonesia
 Nationality

 Dasar Hukum           Diangkat sebagai anggota Komite Audit berdasarkan Surat Pemberitahuan Perseroan kepada Deputi Komisioner
 Pengangkatan          Pengawas Pasar Modal (OJK) No. 031/CS-KOIN/AC/VII/2022 pada tanggal 1 Juli 2022
 Legal Basis of        Appointed as a member of the Audit Committee based on the Company’s Notification Letter to the Deputy
 Appointment           Commissioner for Capital Market Supervision (OJK) No. 031/CS-KOIN/AC/VII/2022 dated July 1, 2022

 Gelar Pendidikan      •   1991
 Educational               Sarjana Ekonomi, Jurusan Akuntansi Fakultas Ekonomi, Universitas Indonesia
 Qualifications            Bachelor of Economics, Department of Accounting, Faculty of Economics, University of Indonesia
                       •   1995
                           Graduate Diploma in Business, Graduate School of Business (GBS), Curtin University of Technology, Perth,
                           Western Australia
                           Graduate Diploma in Business, Graduate School of Business (GBS), Curtin University of Technology, Perth,
                           Western Australia
                       •   1996
                           Master of Business Administration, Major Finance, Graduate School of Business (GBS), Curtin University of
                           Technology, Perth, Western Australia
                           Master of Business Administration, Major in Finance, Graduate School of Business (GBS), Curtin University of
                           Technology, Perth, Western Australia
                       •   2024
                           Doctor of Philosophy, Financial Criminology, Universiti Teknologi Mara, Malaysia
                           Doctor of Philosophy, Financial Criminology, Universiti Teknologi Mara, Malaysia

 Sertifikasi           •   2025
 Certifications            Pelatihan Pajak Terapan Brevet A & B, Ikatan Akuntan Indonesia.
                           Applied Tax Training (Brevet A & B), Institute of Indonesia Chartered Accountants.
                       •   2025
                           Pelatihan e-SPT Brevet Pajak Terapan A & B, Ikatan Akuntan Indonesia.
                           e-SPT Training (Applied Tax Brevet A & B), Institute of Indonesia Chartered Accountants.

 Rangkap Jabatan       •   Di Perseroan:                     •   Di Perusahaan atau Institusi Lain:
 Concurrent Position       At the Company:                       At Other Companies or Institutions:
                           Tidak merangkap jabatan               • 1990-sekarang/present
                           di Perseroan                             Dosen di Departemen Akuntansi, Fakultas Ekonomi & Bisnis
                           No concurrent positions in               Universitas Indonesia
                           the Company                              Lecturer in the Department of Accounting, Faculty of Economics &
                                                                    Business, University of Indonesia
                                                                 • 2022-sekarang/present
                                                                 - Anggota Komite Audit, PT Keramika Indonesia Assosiasi Tbk
                                                                    Member of the Audit Committee, PT Keramika Indonesia Assosiasi Tbk




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       Riwayat Jabatan         •   1991-1993
       Professional History        Junior Audit Staff (1991-1992), Assistant Audit Staff (1992-1993), dan Senior Audit Staff (1993),
                                   KAP Drs. Santoso Harsokusumo & Rekan, Member of Ernst & Young Internasional
                                   Junior Audit Staff (1991–1992), Assistant Audit Staff (1992–1993), and Senior Audit Staff (1993),
                                   KAP Drs. Santoso Harsokusumo & Partners, a member firm of Ernst & Young International
                               •   1993-1994
                                   Chief Accountant, Andersen Consulting
                                   Chief Accountant, Andersen Consulting
                               •   1997-1999
                                   Equity Portfolio Analyst, PT Niaga Aset Manajemen
                                   Equity Portfolio Analyst, PT Niaga Aset Manajemen
                               •   1999-2003
                                   Bagian dari PT Bahana Securities dengan berbagai posisi
                                   Worked at PT Bahana Securities in various positions
                               •   2003-2007
                                   Bagian dari PT Niaga Aset Manajemen dengan berbagai posisi
                                   Worked at PT Niaga Aset Manajemen in various positions
                               •   2007-2010
                                   Head of Investment, Associate Director, PT Valbury Asia Securities
                                   Head of Investment, Associate Director, PT Valbury Asia Securities
                               •   2011-2013
                                   Group Head Investment & Marketing, Associate Director (2011) dan Group Head Marketing, Associate Director
                                   (2012-2013), PT PNM Investment Management
                                   Group Head of Investment & Marketing, Associate Director (2011) and Group Head of Marketing, Associate
                                   Director (2012–2013), PT PNM Investment Management
                               •   2013-2015
                                   Director, PT Danareksa Sekuritas
                                   Director, PT Danareksa Sekuritas
                               •   2016-2022
                                   Technical Director, Ikatan Akuntan Indonesia
                                   Technical Director, Indonesian Institute of Accountants
                               •   2022-2024
                                   Direktur Keuangan dan Akuntansi, Universitas Indonesia
                                   Director of Finance and Accounting, University of Indonesia




      Pernyataan Independensi Komite Audit
      Statement of Independence of the Audit Committee
      Perseroan menyatakan bahwa Komite Audit menjalankan                    The Company declares that the Audit Committee performs
      tugas dan tanggung jawab masing-masing secara independen.              its respective duties and responsibilities independently.
      Pada tanggal 21 Maret 2025 Ketua dan Anggota Komite                    On March 21, 2025, the Chair and Members of the Audit
      Audit telah menandatangani Surat Pernyataan Independensi.              Committee signed a Statement of Independence. The letter
      Dalam surat tersebut dinyatakan bahwa masing-masing                    states that each member of the Audit Committee personally
      anggota Komite Audit secara pribadi tidak memiliki hubungan            has no financial relationship, management relationship,
      keuangan, hubungan kepengurusan, kepemilikan saham,                    shareholding, and/or family relationship with other members
      dan/atau hubungan keluarga dengan anggota Komite Audit                 of the Audit Committee, the Board of Commissioners, the
      lainnya, Dewan Komisaris, Direksi, dan/atau Pemegang Saham             Board of Directors, and/or Controlling Shareholders, nor any
      Pengendali, maupun hubungan dengan Perseroan yang dapat                relationship with the Company that could affect the Audit
      mempengaruhi kemampuan Komite Audit untuk bertindak                    Committee’s ability to act independently in carrying out its
      secara independen dalam melaksanakan tugas dan tanggung                duties and responsibilities as stipulated in the implementation
      jawabnya sebagaimana diatur dalam ketentuan pelaksanaan                provisions of Good Corporate Governance.
      Good Corporate Governance.


      Rapat Komite Audit
      Audit Committee Meetings
      Kebijakan Rapat                                                        Meeting Policy
      Komite Audit menjalankan rapat secara berkala sesuai                   The Audit Committee holds regular meetings in accordance
      ketentuan POJK 55/2015, dengan frekuensi minimum satu                  with POJK 55/2015, with a minimum frequency of once
      kali dalam setiap periode tiga bulan. Agar keputusan yang              every three months. For decisions to be legally binding,




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dihasilkan memiliki kekuatan sah, rapat harus dihadiri oleh        the meeting must be attended by more than half of the
lebih dari separuh jumlah anggota. Dalam pelaksanaannya,           members. In practice, meetings serve as a forum to
rapat digunakan sebagai forum untuk membahas kebijakan             discuss the Company’s policies and regulations, assess the
dan regulasi Perseroan, menilai efektivitas sistem                 effectiveness of the internal control system, and review
pengendalian internal, serta meninjau laporan hasil audit          audit reports from both internal and external auditors.
baik dari auditor internal maupun eksternal.


Frekuensi Rapat dan Tingkat Kehadiran Komite Audit                 Audit Committee Meeting Frequency and Attendance
Tahun 2025                                                         Rate in 2025
Komite Audit telah menyelenggarakan rapat sebanyak 4               The Audit Committee held four meetings in 2025. The
kali pada tahun 2025. Informasi kehadiran masing-masing            attendance records for each member at the committee
anggota pada rapat komite disajikan dalam tabel di bawah:          meetings are presented in the table below:

                                                                                                                      Persentase
                                                                         Jumlah Rapat            Jumlah
         Peserta Rapat                     Posisi di Komite                                                       Tingkat Kehadiran
                                                                           Number of            Kehadiran
        Meeting Attendees                 Committee Position                                                          Percentage
                                                                           Meetings          Total Attendance
                                                                                                                     of Attendance

                                  Ketua Komite Audit
Noppadol Gaewthabthim                                                         4                     4                     100%
                                  Chair of the Audit Committee

                                  Anggota Komite Audit
Dr. Ancella Anitawati Hermawan                                                4                     4                     100%
                                  Member of the Audit Committee

Dwi Astuti Rosmianingrum          Anggota Komite Audit
                                                                              4                     4                     100%
Nainggolan                        Member of the Audit Committee



Pelatihan dan Peningkatan Kompetensi Komite Audit
Training and Competency Development of the Audit Committee

                   Posisi di                                                               Tanggal
    Nama           Komite                       Judul Kegiatan                           Pelaksanaan              Penyelenggara
    Name          Position on                     Activity Title                            Date of                 Organizer
                the Committee                                                           Implementation

Dr. Ancella        Anggota      Sertifikasi Manajemen Risiko Jenjang 5                  Januari 2025         PT Garda Multi Talenta
Anitawati          Member       Level 5 Risk Management Certification                   January 2025
Hermawan
                                Sertifikasi Manajemen Risiko Jenjang 6                   Maret 2025          PT Garda Multi Talenta
                                Level 6 Risk Management Certification                    March 2025

                                Leading Successful Programs:                         20 - 25 Juli 2025          Harvard Kennedy
                                Using Evidence to Assess Effectiveness              July 20–25, 2025              School, USA

                                Sertifikasi Manajemen Risiko Jenjang 7              25 Agustus 2025          PT Garda Multi Talenta
                                Level 7 Risk Management Certification               August 25, 2025

                                Sustainability Reporting: Impact &                      30 September           IAI (Ikatan Akuntansi
                                Implementation of PSPK 1 & 2 for Professionals              2025                  Indonesia) – IKAI
                                                                                                             IAI (Indonesian Institute
                                                                                                              of Accountants) - IKAI

                                Workshop Penilaian Risk Maturity Index (“RMI”)      6 - 7 Oktober 2025          Pricewaterhouse-
                                dan Peningkatan Manajemen Risiko                    October 6–7, 2025           Coopers (“PwC”)
                                Berdasarkan Hasil Gap Analysis
                                Workshop on Risk Maturity Index (“RMI”)
                                Assessment and Risk Management
                                Improvement Based on Gap Analysis Results

                                Results Riskhub International Webinar              4 Desember 2025              IRMAPA & ERMA
                                                                                   December 4, 2025




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      Pelaksanaan Kegiatan Komite Audit 2025
      Implementation of the Audit Committee’s Activities in 2025
      Dalam menjalankan perannya sepanjang tahun 2025,                  In carrying out its role throughout 2025, the Audit Committee
      Komite Audit berfokus pada penguatan fungsi pengawasan            focused on strengthening its oversight function in
      sesuai dengan Piagam Komite Audit. Kolaborasi dengan              accordance with the Audit Committee Charter. Collaboration
      Manajemen dan tim Audit Internal menjadi bagian penting           with Management and the Internal Audit team was a key
      dalam memastikan efektivitas kerja. Dari hasil pemantauan         component in ensuring the effectiveness of its work. Based
      selama periode tersebut, Komite Audit menegaskan tidak            on the results of its monitoring during this period, the Audit
      terdapat temuan yang berpotensi menimbulkan risiko                Committee confirmed that there were no findings that
      terhadap keberlangsungan operasional Perseroan. Tugas             could potentially pose a risk to the Company’s operational
      yang dilaksanakan mencakup:                                       sustainability. Tasks carried out include:
      1. Meninjau laporan keuangan, proyeksi, serta informasi           1. Reviewing financial statements, projections, and other
          keuangan lain yang dipublikasikan kepada pemangku                 financial information disclosed to stakeholders and
          kepentingan maupun otoritas.                                      regulatory authorities.
      2. Mengevaluasi aktivitas keuangan Perseroan.                     2. Evaluating the Company’s financial activities.
      3. Memastikan kepatuhan terhadap ketentuan perundang-             3. Ensuring compliance with legal regulations in daily
          undangan dalam kegiatan operasional harian.                       operational activities.
      4. Menelaah pelaksanaan pemeriksaan yang dilakukan                4. Reviewing the implementation of audits conducted by
          auditor internal.                                                 internal auditors.
      5. Menilai penerapan manajemen risiko yang dijalankan             5. Assessing the implementation of risk management by
          oleh Direksi.                                                     the Board of Directors.
      6. Memberikan rekomendasi kepada Dewan Komisaris                  6. Providing recommendations to the Board of
          terkait penunjukan akuntan eksternal dengan                       Commissioners regarding the appointment of external
          mempertimbangkan independensi, ruang lingkup, dan                 auditors, taking into account independence, scope, and
          biaya jasa audit.                                                 audit service fees.
      7. Melaksanakan prosedur audit atas piutang usaha di              7. Conducting audit procedures on trade receivables at
          kantor pusat dan cabang-cabang operasional Perseroan.             the Company’s headquarters and operational branches.
      8. Melakukan diskusi strategis dengan auditor eksternal           8. Engaging in strategic discussions with external auditors
          terkait hasil audit laporan keuangan.                             regarding the results of financial statement audits.




      Komite Nominasi dan Remunerasi
      Nomination and Remuneration Committee

      Komite Nominasi dan Remunerasi merupakan bagian dari              The Nomination and Remuneration Committee is a component
      korporat governansi yang dibentuk oleh dan bertanggung            of corporate governance established by and accountable to the
      jawab kepada Dewan Komisaris. Dasar hukum komite ini              Board of Commissioners. The legal basis for this committee is
      adalah Peraturan OJK No. 34/POJK.04/2014 tentang Komite           OJK Regulation No. 34/POJK.04/2014 regarding the Nomination
      Nominasi dan Remunerasi Emiten atau Perusahaan Publik             and Remuneration Committee of Issuers or Public Companies
      (“POJK 34/2014”). Secara umum, komite ini berfungsi               (“POJK 34/2014”). Generally, this committee assists the Board
      membantu Dewan Komisaris dalam proses nominasi serta              of Commissioners in the nomination process as well as in the
      dalam penetapan dan evaluasi kebijakan remunerasi bagi            establishment and evaluation of remuneration policies for the
      Direksi dan Dewan Komisaris.                                      Board of Directors and the Board of Commissioners.


      Piagam Komite Nominasi dan Remunerasi
      Charter of the Nomination and Remuneration Committee
      Piagam Komite Nominasi dan Remunerasi berfungsi                   The Charter of the Nomination and Remuneration Committee
      sebagai pedoman kerja bagi komite dalam menjalankan               serves as a working guideline for the committee to carry
      tugas secara independen dan objektif. Pedoman ini                 out its duties independently and objectively. This guideline
      mengatur ketentuan tentang lingkup tanggung jawab,                sets forth provisions regarding the scope of responsibilities,
      kewenangan, tata cara rapat, komposisi dan struktur               authority, meeting procedures, composition and structure of
      keanggotaan, masa jabatan, serta mekanisme kerja Komite           membership, term of office, and the working mechanisms of


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Nominasi dan Remunerasi. Piagam tersebut ditetapkan oleh         the Nomination and Remuneration Committee. The Charter
Dewan Komisaris pada 12 Mei 2017 dengan mengacu pada             was adopted by the Board of Commissioners on May 12,
ketentuan POJK 34/2014. Secara berkala Piagam Komite ini         2017, in accordance with the provisions of POJK 34/2014.
ditinjau untuk memastikan kesesuaian dengan ketentuan            The Committee’s Charter is periodically reviewed to ensure
peraturan perundang-undangan. Hingga akhir tahun                 compliance with applicable laws and regulations. As of the
2025, piagam ini masih relevan dan masih sesuai dengan           end of 2025, this Charter remains relevant and consistent
ketentuan peraturan perundang-undangan yang berlaku.             with current laws and regulations.



Tugas dan Tanggung Jawab Komite Nominasi dan Remunerasi
Duties and Responsibilities of the Nomination and Remuneration Committee
Berdasarkan Pasal 8 POJK 34/2014, Komite Nominasi dan            Pursuant to Article 8 of POJK 34/2014, the Nomination and
Remunerasi secara umum memiliki dua fungsi utama, yaitu          Remuneration Committee generally has two main functions:
fungsi nominasi dan fungsi remunerasi. Dalam menjalankan         the nomination function and the remuneration function. In
fungsi nominasi, tugas dan tanggung jawab komite paling          performing its nomination function, the committee’s duties
sedikit mencakup:                                                and responsibilities include, at a minimum:
1. Memberikan rekomendasi kepada Dewan Komisaris                 1. Providing recommendations to the Board of Commissioners
   mengenai:                                                        regarding:
   a. Komposisi jabatan anggota Direksi dan/atau Dewan              a. The composition of the Board of Directors and/or the
        Komisaris.                                                      Board of Commissioners.
   b. Kebijakan dan kriteria yang dibutuhkan dalam proses           b. The policies and criteria required in the nomination
        nominasi.                                                       process.
   c. Kebijakan evaluasi kinerja bagi anggota Direksi dan/          c. Performance evaluation policies for members of the
        atau Dewan Komisaris.                                           Board of Directors and/or the Board of Commissioners.
2. Membantu Dewan Komisaris melakukan penilaian kinerja          2. Assisting the Board of Commissioners in evaluating the
   anggota Direksi dan/atau Dewan Komisaris berdasarkan             performance of members of the Board of Directors and/or the
   tolok ukur yang telah disusun.                                   Board of Commissioners based on established benchmarks.
3. Memberikan       rekomendasi      mengenai     program        3. Providing recommendations regarding professional
   pengembangan kemampuan anggota Direksi dan/atau                  development programs for members of the Board of
   Dewan Komisaris.                                                 Directors and/or the Board of Commissioners.
4. Memberikan usulan calon yang memenuhi syarat sebagai          4. Submitting proposals for qualified candidates for
   anggota Direksi dan/atau Dewan Komisaris kepada                  membership on the Board of Directors and/or the Board
   Dewan Komisaris untuk disampaikan kepada RUPS.                   of Commissioners to the Board of Commissioners for
                                                                    presentation to the General Meeting of Shareholders.


Sedangkan terkait dengan fungsi remunerasi, komite               Regarding remuneration functions, the committee has the
memiliki tugas dan tanggung jawab:                               following duties and responsibilities:
1. Memberikan rekomendasi kepada Dewan Komisaris                 1. Providing    recommendations        to the   Board  of
   mengenai:                                                         Commissioners regarding:
   a. Struktur remunerasi.                                           a. Remuneration structure.
   b. Kebijakan remunerasi.                                          b. Remuneration policies.
   c. Besaran remunerasi.                                            c. Remuneration amounts.
2. Membantu Dewan Komisaris melakukan penilaian kinerja          2. Assisting the Board of Commissioners in evaluating
   dengan kesesuaian remunerasi yang diterima masing-                performance in relation to the appropriateness of the
   masing anggota Direksi dan/atau Dewan Komisaris.                  remuneration received by each member of the Board of
                                                                     Directors and/or the Board of Commissioners.

Komposisi dan Masa Jabatan
Composition and Term of Office
Komite    Nominasi     dan     Remunerasi    paling    sedikit   The Nomination and Remuneration Committee shall consist
beranggotakan 3 orang, terdiri dari 1 orang ketua merangkap      of at least 3 members, comprising 1 chairperson who is also
anggota yang merupakan Komisaris Independen Perseroan,           a member and serves as an Independent Commissioner
dan 2 anggota lainnya dapat berasal dari anggota Dewan           of the Company, and 2 other members who may be drawn
Komisaris, pejabat struktural di bawah Direksi Perseroan yang    from the Board of Commissioners, structural officers under
membidangi sumber daya manusia, atau pihak independen            the Company’s Board of Directors responsible for human
yang berasal dari luar Perseroan. Ketentuan ini telah diatur     resources, or independent parties from outside the Company.
dalam Pasal 3 POJK 34/2014.                                      This provision is set forth in Article 3 of POJK 34/2014.


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      Komposisi anggota Komite Nominasi dan Remunerasi per 31                 Composition of the Nomination and Remuneration Committee
      Desember 2025 disajikan dalam tabel berikut:                            as of December 31, 2025, is presented in the following table:

                                            Posisi di Komite
                     Nama                                               Jabatan Lain di Perseroan               Masa Jabatan          Periode
                                               Position on
                     Name                                              Other Positions in the Company           Term of Office         Period
                                             the Committee

                                           Ketua                Komisaris Independen                                                 Pertama
      Noppadol Gaewthabthim                                                                                      2023-2026
                                           Chairman             Independent Commissioner                                              First

                                           Anggota              Komisaris Utama                                                      Pertama
      Wiroat Rattanachaisit                                                                                      2024-2026
                                           Member               President Commissioner                                                First

                                           Anggota              Head of Human Resources Business                                     Pertama
      Haris Setiawan                                                                                             2025-2026
                                           Member               Partner (HRBP)                                                        First

      Sesuai dengan ketentuan yang berlaku, masa jabatan                      In accordance with applicable regulations, the term of
      Komite Nominasi dan Remunerasi adalah 5 (lima) tahun dan                office for the Nomination and Remuneration Committee is
      dapat diangkat kembali setelah masa jabatannya berakhir.                5 (five) years, and members may be reappointed upon the
                                                                              expiration of their term.




      Profil Komite Nominasi dan Remunerasi
      Profile of the Nomination and Remuneration Committee


      Noppadol Gaewthabthim
      Ketua Komite Nominasi dan Remunerasi
      Chair of the Nomination and Remuneration Committee

       Usia
                               67 tahun/years old
       Age

       Kewarganegaraan
                               Thailand
       Nationality

       Dasar Hukum             Diangkat sebagai Ketua Komite Nominasi dan Remunerasi berdasarkan Keputusan Rapat Dewan Komisaris pada
       Pengangkatan            tanggal 5 Desember 2022.
       Legal Basis of          Appointed as Chairman of the Nomination and Remuneration Committee pursuant to the Resolution of the Board of
       Appointment             Commissioners’ Meeting on December 5, 2022.

       Profil lengkap beliau, yang saat ini juga menjabat sebagai Komisaris Independen, telah diuraikan pada Bab Profil Perusahaan Subbab Profil
       Dewan Komisaris.
       His full profile, as he currently also serves as an Independent Commissioner, is detailed in the Company Profile section under the Board of
       Commissioners Profile subsection.




      Wiroat Rattanachaisit
      Anggota Komite Nominasi dan Remunerasi
      Member of the Nomination and Remuneration Committee

       Usia
                               55 tahun/years old
       Age

       Kewarganegaraan
                               Thailand
       Nationality

       Dasar Hukum             Diangkat sebagai anggota Komite Nominasi dan Remunerasi berdasarkan Keputusan Rapat Dewan Komisaris
       Pengangkatan            tertanggal 28 Mei 2024 dan secara efektif menjalankan tugas sejak 20 Juni 2024.
       Legal Basis of          Appointed as a member of the Nomination and Remuneration Committee pursuant to the Resolution of the Board of
       Appointment             Commissioners dated May 28, 2024, and has been effectively performing duties since June 20, 2024.

       Profil lengkap beliau, yang saat ini juga menjabat sebagai Komisaris Utama, telah diuraikan pada Bab Profil Perusahaan Subbab Profil
       Dewan Komisaris.
       His full profile, as he currently also serves as President Commissioner, is detailed in the Company Profile section under the Board of
       Commissioners Profile subsection.




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Haris Setiawan
Anggota Komite Nominasi dan Remunerasi
Member of the Nomination and Remuneration Committee

 Usia
                        32 tahun/years old
 Age

 Kewarganegaraan
                        Indonesia
 Nationality

 Dasar Hukum            Diangkat menjadi anggota Komite Nominasi dan Remunerasi berdasarkan Keputusan Rapat Dewan Komisaris pada
 Pengangkatan           tanggal 14 Mei 2025.
 Legal Basis of         Appointed as a member of the Nomination and Remuneration Committee pursuant to the Resolution of the Board of
 Appointment            Commissioners dated May 14, 2025.

 Gelar Pendidikan       •   2016
 Educational                Sarjana Administrasi Bisnis, Universitas Bhayangkara, Indonesia
 Qualifications             Bachelor of Business Administration, Bhayangkara University, Indonesia

 Rangkap Jabatan        •   Di Perseroan:                                         •   Di Perusahaan atau Institusi Lain:
 Concurrent Position        At the Company:                                           At Other Companies or Institutions:
                            Head of Human Resources Business Partner                  Tidak merangkap jabatan di perusahaan lain
                            & General Affairs                                         No concurrent positions at other companies
                            Head of Human Resources Business Partner
                            & General Affairs

 Riwayat Jabatan        •   2011-2012
 Professional History       Marketing, Boga Putra Nusantara, Indonesia
                            Marketing, Boga Putra Nusantara, Indonesia
                        •   2013-2014
                            Accountant, PT Quantum HRM International, Indonesia
                            Accountant, PT Quantum HRM International, Indonesia
                        •   2016-2020
                            Assistant Front Office Manager, Bossotel Inn Bangkok, Thailand
                            Assistant Front Office Manager, Bossotel Inn Bangkok, Thailand
                        •   2021-sekarang/present
                            Head of Human Resources Business Partner (HRBP) & General Affairs (GA)
                            Head of Human Resources Business Partner (HRBP) & General Affairs (GA)



Pernyataan Independensi Komite Nominasi dan Remunerasi
Statement of Independence of the Nomination and Remuneration Committee
Perseroan memastikan bahwa anggota Komite Nominasi                     The Company ensures that members of the Nomination
dan Remunerasi senantiasa menjalankan fungsinya dengan                 and Remuneration Committee consistently perform their
menjunjung tinggi prinsip independensi. Seluruh anggota                duties while upholding the principle of independence.
komite telah menyatakan tidak memiliki hubungan afiliasi               All committee members have declared that they have
dengan Direksi, Dewan Komisaris, maupun Pemegang                       no affiliations with the Board of Directors, the Board of
Saham Utama.                                                           Commissioners, or Major Shareholders.


Rapat Komite Nominasi dan Remunerasi
Meetings of the Nomination and Remuneration Committee
Kebijakan Rapat                                                        Meeting Policy
Rapat    Komite    Nominasi   dan   Remunerasi    wajib                Meetings of the Nomination and Remuneration Committee
diselenggarakan paling sedikit 1 kali setiap 4 bulan.                  must be held at least once every four months. A meeting may
Pelaksanaan rapat hanya dapat dilakukan apabila dihadiri               only be conducted if attended by a majority of committee
oleh mayoritas anggota komite, dengan syarat salah satu                members, provided that one of the attending members is
dari anggota yang hadir merupakan Ketua Komite Nominasi                the Chair of the Nomination and Remuneration Committee.
dan Remunerasi. Kebijakan rapat ini telah diatur dalam                 This meeting policy is stipulated in the Committee Charter
Piagam Komite dan sesuai dengan ketentuan POJK 34/2014.                and complies with the provisions of POJK 34/2014.


Frekuensi Rapat dan Tingkat Kehadiran Tahun 2025                       Meeting Frequency and Attendance Rate in 2025
Sepanjang tahun 2025, rapat Komite Nominasi dan                        Throughout 2025, the Nomination and Remuneration Committee
Remunerasi telah dilaksanakan sebanyak 3 kali, dengan                  held three meetings, with the following attendance rates:
tingkat kehadiran anggota sebagai berikut:



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                                                                                                                       Persentase
                                                                               Jumlah Rapat         Jumlah
                   Nama                            Posisi di Komite                                                Tingkat Kehadiran
                                                                                 Number of         Kehadiran
                   Name                        Position on the Committee                                               Percentage
                                                                                 Meetings       Total Attendance
                                                                                                                      of Attendance

                                         Ketua Komite Nominasi
                                         dan Remunerasi
      Noppadol Gaewthabthim                                                          3                 3                 100%
                                         Chair of the Nomination and
                                         Remuneration Committee

                                         Anggota Komite Nominasi
                                         dan Remunerasi
      Wiroat Rattanachaisit                                                          3                 3                 100%
                                         Member of the Nomination
                                         and Remuneration Committee

                                         Anggota Komite Nominasi
                                         dan Remunerasi
      Haris Setiawan                                                                 2                 2                 100%
                                         Member of the Nomination
                                         and Remuneration Committee




      Pelatihan dan Peningkatan Kompetensi Komite Nominasi dan Remunerasi
      Training and Competency Development of the Nomination and Remuneration Committee
      Perseroan senantiasa memberikan dukungan bagi Komite                 The Company consistently provides support to the
      Nominasi dan Remunerasi untuk mengembangkan                          Nomination and Remuneration Committee to develop the
      kompetensi anggotanya. Sepanjang tahun 2025, tidak                   competencies of its members. Throughout 2025, there
      terdapat kegiatan pelatihan maupun program peningkatan               were no training activities or competency development
      kompetensi yang diikuti oleh anggota Komite. Meskipun                programs attended by Committee members. Nevertheless,
      demikian, Komite tetap menjalankan perannya secara                   the Committee continues to perform its role optimally in
      optimal dalam mendukung fungsi nominasi dan remunerasi               supporting the nomination and remuneration functions
      di lingkungan Perseroan.                                             within the Company.



      Pelaksanaan Tugas Komite Nominasi dan Remunerasi 2025
      Implementation of the Nomination and Remuneration Committee’s Duties in 2025
      Komite Nominasi dan Remunerasi melaksanakan tugas                    The Nomination and Remuneration Committee carried
      dan tanggung jawabnya sesuai dengan Piagam Komite                    out its duties and responsibilities in accordance with the
      Nominasi dan Remunerasi. Realisasi pelaksanaan tugas                 Nomination and Remuneration Committee Charter. The
      pada tahun 2025, yaitu:                                              implementation of duties in 2025 included:
      1. Menelaah kembali prosedur nominasi.                               1. Reviewing nomination procedures.
      2. Menelaah kembali struktur dan kebijakan remunerasi.               2. Reviewing the remuneration structure and policies.
      3. Mengevaluasi serta membahas kinerja yang dicapai                  3. Evaluating and discussing the performance achieved by
         masing-masing anggota Dewan Komisaris dan Direksi.                   each member of the Board of Commissioners and the
                                                                              Board of Directors.
      4. Merekomendasikan pemberian remunerasi berupa                      4. Recommending the provision of remuneration in the
         penetapan honorarium dan tunjangan bagi Dewan                        form of honoraria and allowances for the Board of
         Komisaris untuk tahun buku 2025 sebesar Rp600.000.000.               Commissioners for the 2025 fiscal year amounting
         Rekomendasi tersebut telah disampaikan kepada Dewan                  to Rp600,000,000. These recommendations have
         Komisaris, untuk kemudian disetujui dan ditetapkan                   been submitted to the Board of Commissioners, to be
         oleh pemegang saham melalui RUPST pada tanggal 20                    subsequently approved and ratified by the shareholders
         Juni 2025.                                                           through the AGMS on June 20, 2025.
      5. Menyeleksi kandidat dan mengusulkan nominasi                      5. Selecting candidates and proposing nominations for
         kandidat anggota Dewan Komisaris dan Direksi                         members of the Board of Commissioners and the Board
         sehubungan dengan berakhirnya masa jabatan.                          of Directors in connection with the expiration of their
                                                                              terms of office.
      6. Menyelenggarakan serta menghadiri rapat Komite                    6. Convening and attending meetings of the Nomination
         Nominasi dan Remunerasi.                                             and Remuneration Committee.




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Sekretaris Perusahaan
Corporate Secretary

Peraturan OJK No. 35/POJK.04/2014 tentang Sekretaris        OJK Regulation No. 35/POJK.04/2014 concerning the
Perusahaan Emiten atau Perusahaan Publik (“POJK             Corporate Secretary of Issuers or Public Companies
35/2014”) Pasal 2 menegaskan bahwa Perseroan wajib          (“POJK 35/2014”), Article 2, stipulates that a Company is
memiliki fungsi Sekretaris Perusahaan. Peran Sekretaris     required to establish a Corporate Secretary function. The
Perusahaan sebagai penghubung utama antara manajemen,       Corporate Secretary serves as the primary liaison between
Dewan Komisaris, pemegang saham, dan pemangku               management, the Board of Commissioners, shareholders,
kepentingan lainnya. Fungsi ini mendukung kelancaran        and other stakeholders. This function supports effective
komunikasi, keterbukaan informasi, serta penerapan          communication, information transparency, and the
prinsip governansi korporat.                                implementation of good corporate governance principles.



Tugas dan Tanggung Jawab Sekretaris Perusahaan
Duties and Responsibilities of the Corporate Secretary
Sekretaris Perusahaan mengemban tugas dan tanggung          The Corporate Secretary carries out duties and responsibilities
jawab, sebagaimana diatur dalam POJK 35/2014 Pasal 5,       as regulated under Article 5 of POJK 35/2014, as follows:
yaitu:
1. Mengikuti perkembangan Pasar Modal khususnya             1. Monitoring developments in the Capital Market,
    peraturan perundang-undangan yang berlaku di bidang        particularly applicable laws and regulations in the Capital
    Pasar Modal;                                               Market sector;
2. Memberikan masukan kepada Direksi dan Dewan Komisaris    2. Providing advice to the Board of Directors and the Board
    untuk mematuhi ketentuan peraturan perundang-              of Commissioners to ensure compliance with applicable
    undangan di bidang Pasar Modal;                            Capital Market regulations;
3. Membantu Direksi dan Dewan Komisaris dalam pelaksanaan   3. Assisting the Board of Directors and the Board of
    governansi korporat yang meliputi:                         Commissioners in the implementation of corporate
                                                               governance, including:
   a. Keterbukaan informasi kepada masyarakat, termasuk        a. Disclosure of information to the public, including the
      ketersediaan informasi pada Situs Web Perseroan;             availability of information on the Company’s website;
   b. Penyampaian laporan kepada Otoritas Jasa Keuangan        b. Timely submission of reports to the Financial Services
      tepat waktu;                                                 Authority (OJK);
   c. Penyelenggaraan dan dokumentasi Rapat Umum               c. Organizing and documenting General Meetings of
      Pemegang Saham;                                              Shareholders;
   d. Penyelenggaraan dan dokumentasi rapat Direksi dan        d. Organizing and documenting meetings of the Board of
      Dewan Komisaris;                                             Directors and the Board of Commissioners;
   e. Pelaksanaan program orientasi terhadap perusahaan        e. Implementing orientation programs for the Board of
      bagi Direksi dan Dewan Komisaris.                            Directors and Board of Commissioners.
4. Sebagai penghubung antara Perseroan dengan               4. Acting as the liaison between the Company and
   pemegang saham, Otoritas Jasa Keuangan, dan pemangku        shareholders, the Financial Services Authority (OJK), and
   kepentingan lainnya.                                        other stakeholders.




Profil Sekretaris Perusahaan
Company Secretary Profile


Ng Novalia
 Kewarganegaraan
                      Indonesia
 Nationality

 Domisili
                      Tangerang
 Residence




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       Dasar Hukum
       Pengangkatan            Diangkat sebagai Sekretaris Perusahaan berdasarkan Keputusan Direksi No.001/KKH-DIR/III/2020
       Legal Basis of          Appointed as Corporate Secretary pursuant to Board of Directors’ Decree No. 001/KKH-DIR/III/2020
       Appointment

       Riwayat Pendidikan      Jurusan Akuntansi, Universitas Bunda Mulia, Jakarta
       Education               Major in Accounting, Bunda Mulia University, Jakarta

       Rangkap Jabatan         •   Di Perseroan:                                        •   Di Perusahaan atau Institusi Lain:
       Concurrent Position         At the Company:                                          At Other Companies or Institutions:
                                   Manager Akuntansi dan Keuangan (2020-sekarang)           Tidak merangkap jabatan di perusahaan lain
                                   Manager of Accounting and Finance (2020–present)         No concurrent positions at other companies

       Riwayat Jabatan         •   2010-2017
       Professional History        Staf Akunting (2010-2013), Senior Accounting (2014), Assistant Manager Accounting (2015-2016),
                                   Team Lead R2R (2017), PT Sinar Mas Agro Resources & Technology Tbk (PT Smart Tbk)
                                   Accounting Staff (2010–2013), Senior Accountant (2014), Assistant Manager of Accounting (2015–2016),
                                   R2R Team Lead (2017), PT Sinar Mas Agro Resources & Technology Tbk (PT Smart Tbk)
                               •   2019
                                   Manager Akuntansi dan Keuangan di PT Keramika Indonesia Assosiasi Tbk
                                   Manager of Accounting and Finance at PT Keramika Indonesia Assosiasi Tbk




      Pelatihan dan Peningkatan Kompetensi Sekretaris Perusahaan
      Training and Competency Development of the Corporate Secretary
      Perseroan secara berkesinambungan mendukung peningkatan                 The Company continuously supports the development of the
      kompetensi Sekretaris Perusahaan melalui berbagai program               Corporate Secretary’s competencies through various training
      pelatihan dan pengembangan. Sepanjang tahun 2025,                       and development programs. Throughout 2025, the Corporate
      Sekretaris Perusahaan tidak mengikuti kegiatan pelatihan                Secretary did not participate in any training activities or
      maupun program peningkatan kompetensi. Meskipun demikian,               competency development programs. Nevertheless, the
      Sekretaris Perusahaan tetap menjalankan peran dan tanggung              Corporate Secretary continued to carry out their role and
      jawabnya secara efektif.                                                responsibilities effectively.



      Pelaksanaan Tugas Sekretaris Perusahaan 2025
      Implementation of the Corporate Secretary’s Duties in 2025
      Sekretaris Perusahaan pada tahun 2025 telah menjalankan                 In 2025, the Corporate Secretary performed its duties in
      tugas sesuai dengan tanggung jawabnya. Adapun                           accordance with its responsibilities. The implementation of
      pelaksanaan tugas tersebut adalah sebagai berikut:                      these duties is outlined as follows:
      1. Menyelenggarakan Rapat Umum Pemegang Saham                           1. Organized the 2025 Annual General Meeting of
          (RUPS) Tahunan 2025 pada 20 Juni 2025, termasuk                         Shareholders (AGMS) on June 20, 2025, including
          memastikan kelancaran proses, dokumentasi, serta                        ensuring smooth execution, proper documentation, and
          keterbukaan informasi kepada pemegang saham.                            information disclosure to shareholders.
      2. Menyelenggarakan Public Expose pada tanggal 20 Juni                  2. Organized the Public Expose on June 20, 2025 as a
          2025, sebagai sarana komunikasi Perseroan dengan                        communication platform between the Company and
          investor dan publik untuk menyampaikan kinerja serta                    investors and the public to present performance and
          prospek usaha.                                                          business outlook.
      3. Mengelola keterbukaan informasi melalui situs web dan                3. Managed information disclosure through the Company’s
         kanal resmi Perseroan, guna memastikan pemangku                          website and official communication channels to ensure
         kepentingan memperoleh akses informasi yang akurat                       stakeholders have access to accurate and timely
         dan tepat waktu.                                                         information.
      4. Mendukung       pelaksanaan     governansi     korporat,             4. Supported the implementation of corporate governance,
         termasuk penyampaian laporan kepada Otoritas Jasa                        including the timely submission of reports to the Financial
         Keuangan (OJK) dan Bursa Efek Indonesia (BEI) sesuai                     Services Authority (OJK) and the Indonesia Stock
         tenggat waktu, serta dokumentasi rapat Direksi dan                       Exchange (IDX), as well as the documentation of Board of
         Dewan Komisaris.                                                         Directors and Board of Commissioners meetings.
      5. Bertanggung jawab atas aktivitas hubungan investor                   5. Responsible for investor relations activities to maintain
         untuk memelihara dan meningkatkan komunikasi                             and enhance communication with shareholders and
         dengan pemegang saham dan investor, baik domestik                        investors, both domestic and international.
         maupun internasional.




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Unit Audit Internal
Internal Audit Unit

Perseroan telah membentuk Unit Audit Internal sebagai          The Company has established an Internal Audit Unit as an
fungsi independen yang berperan strategis dalam                independent function that plays a strategic role in supporting
mendukung penerapan governansi korporat, melalui               the implementation of good corporate governance through
pengawasan efektivitas pengendalian internal serta             oversight of the effectiveness of internal controls and
kepatuhan terhadap peraturan yang berlaku. Pembentukan         compliance with applicable regulations. The establishment of
Unit Audit Internal ini dilaksanakan sesuai dengan ketentuan   the Internal Audit Unit is carried out in accordance with the
Peraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015           Financial Services Authority Regulation No. 56/POJK.04/2015
tentang Pembentukan dan Pedoman Penyusunan Piagam              concerning the Establishment and Guidelines for the
Unit Audit Internal (“POJK 56/2015”).                          Preparation of the Internal Audit Unit Charter (“POJK 56/2015”).



Piagam Unit Audit Internal
Internal Audit Unit Charter
Sebagai wujud komitmen terhadap penerapan governansi           As a form of commitment to good corporate governance,
korporat, Perseroan telah menetapkan Piagam Unit Audit         the Company has established an Internal Audit Unit
Internal yang disusun berdasarkan POJK 56/2015. Piagam         Charter prepared based on POJK 56/2015. This charter is
ini secara berkala ditinjau untuk memastikan kesesuaian        periodically reviewed to ensure compliance with applicable
dengan peraturan perundang-undangan yang berlaku.              laws and regulations. The latest update was signed on 1
Pembaruan terakhir ditandatangani pada 1 Agustus 2024,         August 2024, and as of the end of 2025, the charter remains
dan hingga akhir tahun 2025 piagam tersebut tetap relevan      relevant to the Company’s objectives and consistent with
dengan tujuan Perseroan serta konsisten dengan ketentuan       applicable regulatory provisions.
regulasi yang berlaku.


Piagam Unit Audit Internal berisi ketentuan mengenai           The Internal Audit Unit Charter contains provisions
struktur dan kedudukan Departemen Internal Audit, ruang        regarding the structure and position of the Internal Audit
lingkup tugas dan tanggung jawab, wewenang, kode etik,         Department, scope of duties and responsibilities, authority,
serta persyaratan keanggotaan bagi auditor internal,           code of ethics, and requirements for internal auditors,
sehingga menjadi pedoman yang jelas bagi pelaksanaan           serving as a clear guideline for the implementation of the
fungsi audit internal di Perseroan.                            internal audit function within the Company.



Tugas dan Tanggung Jawab Unit Audit Internal
Duties and Responsibilities of the Internal Audit Unit
Unit Audit Internal melaksanakan tugas dan tanggung jawab      The Internal Audit Unit performs its duties and responsibilities
sebagaimana diatur dalam Pasal 7 POJK 56/2015. Adapun          as stipulated in Article 7 of POJK 56/2015. These duties and
tugas dan tanggung jawab tersebut paling sedikit meliputi:     responsibilities include at least the following:
1. Menyusun dan melaksanakan rencana audit internal            1. Preparing and implementing the annual internal audit plan.
   tahunan.
2. Menguji dan mengevaluasi efektivitas pengendalian           2. Testing and evaluating the effectiveness of internal
   internal serta sistem manajemen risiko sesuai                  controls and risk management systems in accordance
   kebijakan Perseroan.                                           with Company policies.
3. Melakukan pemeriksaan dan penilaian atas efisiensi          3. Conducting reviews and assessments of efficiency and
   serta efektivitas di bidang keuangan, akuntansi,               effectiveness in finance, accounting, operations, human
   operasional, sumber daya manusia, pemasaran,                   resources, marketing, information technology, and
   teknologi informasi, dan kegiatan lainnya.                     other activities.
4. Memberikan saran perbaikan serta informasi yang             4. Providing recommendations for improvement and
   objektif mengenai kegiatan yang diperiksa kepada               objective information regarding the audited activities
   seluruh tingkat manajemen.                                     to all levels of management.
5. Menyusun laporan hasil audit dan menyampaikannya            5. Preparing audit reports and submitting them to the
   kepada Direktur Utama serta Dewan Komisaris.                   President Director and the Board of Commissioners.




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      6. Memantau, menganalisis, dan melaporkan pelaksanaan                6. Monitoring, analyzing, and reporting the implementation
         tindak lanjut atas rekomendasi perbaikan yang telah                  of follow-up actions on audit recommendations.
         diberikan.
      7. Bekerja sama dengan Komite Audit.                                 7. Cooperating with the Audit Committee.
      8. Menyusun program untuk mengevaluasi mutu kegiatan                 8. Developing programs to evaluate the quality of internal
         audit internal.                                                      audit activities.
      9. Melaksanakan pemeriksaan khusus apabila diperlukan.               9. Conducting special audits when necessary.



      Struktur dan Kedudukan Unit Audit Internal
      Structure and Position of the Internal Audit Unit
      Unit Audit Internal Perseroan menjalankan fungsinya secara           The Internal Audit Unit operates independently under the
      independen dan berada di bawah koordinasi Direktur Utama,            coordination of the President Director, with a functional
      dengan hubungan fungsional kepada Komite Audit. Kepala               reporting line to the Audit Committee. The Head of the
      Unit Audit Internal bertanggung jawab langsung kepada                Internal Audit Unit reports directly to the President Director
      Direktur Utama, serta memiliki akses pelaporan kepada                and also has reporting access to the Audit Committee
      Komite Audit guna mendukung efektivitas pengawasan dan               to support effective oversight and accountability of the
      akuntabilitas pelaksanaan audit internal.                            internal audit function.


      Struktur Unit Audit Internal berikut ini menggambarkan               The following structure illustrates the position of the
      kedudukan fungsi audit internal di Perseroan:                        Internal Audit function within the Company:



                                                                                                   Komite Audit
                                                                                                  Audit Committee


                            Direktur Utama
                           President Director



                          Kepala Internal Audit
                          Head of Internal Audit




      Profil Kepala Unit Audit Internal
      Profile of the Head of the Internal Audit Unit


      Hijrian Rizki Deppabayang
      Internal Audit Manager
      Internal Audit Manager

       Kewarganegaraan
                               Indonesia
       Nationality

       Dasar Hukum
       Pengangkatan            Diangkat sebagai Kepala Unit Audit Internal berdasarkan Surat Keputusan No.001/CORP/CS-KKH/IAD/ IX/2018
       Legal Basis of          Appointed as the Head of Internal Audit Unit pursuant to Decree No. 001/CORP/CS-KKH/IAD/IX/2018
       Appointment

       Gelar Pendidikan
                               Sarjana Ekonomi, STIE Perbanas Surabaya, Surabaya
       Educational
                               Bachelor of Economics, STIE Perbanas Surabaya, Surabaya
       Qualifications




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 Sertifikasi
 Certifications          Qualified Internal Audit (QIA) Managerial


 Rangkap Jabatan         Tidak merangkap jabatan lain di Perseroan
 Concurrent Position     No concurrent positions at the Company

 Riwayat Jabatan         •    2012-2013
 Professional History         Staf Internal Audit di PT Columbindo Perdana
                              Internal Audit Staff at PT Columbindo Perdana
                         •    2013-2016
                              Internal Audit Senior Officer di PT Home Center Indonesia
                              Senior Internal Audit Officer at PT Home Center Indonesia
                         •    2016-2017
                              Senior Internal Audit di PT Pelayaran Tempuran Emas Tbk
                              Senior Internal Auditor at PT Pelayaran Tempuran Emas Tbk
                         •    2017-2018
                              Head of Internal Audit di PT Keramika Indonesia Assosiasi Tbk
                              Head of Internal Audit at PT Keramika Indonesia Assosiasi Tbk




Kualifikasi dan Sertifikasi Personel Audit Internal
Qualifications and Certifications of Internal Audit Personnel
Perseroan menempatkan kompetensi sebagai elemen utama                    The Company places competence as a key element in the
dalam pelaksanaan fungsi audit internal. Auditor Internal                implementation of the internal audit function. The Company’s
Perseroan memiliki latar belakang pendidikan, pengalaman,                Internal Auditors have relevant educational backgrounds,
serta sertifikasi profesional. Hingga akhir tahun 2025                   professional experience, and professional certifications. As
Auditor Internal telah memiliki sertifikasi kualifikasi audit            of the end of 2025, the Internal Auditors have obtained audit
yaitu Qualified Internal Audit (QIA) Managerial.                         qualification certification, namely the Qualified Internal Auditor
                                                                         (QIA) Managerial certification.

Rapat Audit Internal
Internal Audit Meetings
Unit Audit Internal memiliki wewenang untuk melaksanakan                 The Internal Audit Unit is authorized to conduct periodic and
rapat secara berkala maupun insidental bersama Direksi,                  ad hoc meetings with the Board of Directors, the Board of
Dewan Komisaris, dan/atau Komite Audit sebagaimana                       Commissioners, and/or the Audit Committee, as stipulated
diatur dalam Pasal 8 POJK No. 56/2015. Rapat ini menjadi                 in Article 8 of Financial Services Authority (OJK) Regulation
sarana koordinasi, evaluasi, dan pemantauan atas program                 No. 56/POJK.04/2015. These meetings serve as a means of
kerja audit, sehingga pelaksanaan kegiatan berlangsung                   coordination, evaluation, and monitoring of the audit work
terarah dan mendukung pencapaian tujuan organisasi.                      program, ensuring that activities are carried out in a structured
Sepanjang tahun 2025, Audit Internal telah melaksanakan                  manner and support the achievement of organizational
rapat bersama Komite Audit, Dewan Komisaris, dan Direksi                 objectives. Throughout 2025, the Internal Audit function
dilaksanakan sesuai dengan ketentuan yang berlaku.                       conducted meetings with the Audit Committee, the Board of
                                                                         Commissioners, and the Board of Directors in accordance with
                                                                         applicable regulations.


Pelatihan dan Peningkatan Kompetensi Unit Audit Internal
Training and Competency Development of the Internal Audit Unit

                                                                                                 Tanggal
     Nama                    Jabatan                       Judul Kegiatan                      Pelaksanaan             Penyelenggara
     Name                    Position                        Activity Title                       Date of                Organizer
                                                                                              Implementation

 Hijrian Rizki    Kepala Unit                   Qualified Internal Audit Managerial     21 – 30 April 2025       Yayasan Pendidikan
 Deppabayang      Audit Internal                                                                                 Internal Audit (YPIA)
                  Head of the Internal                                                                           Internal Audit Education
                  Audit Unit                                                                                     Foundation (YPIA)




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      Pelaksanaan Tugas Unit Audit Internal 2025
      Implementation of the Internal Audit Unit’s Duties in 2025
      Sepanjang tahun 2025, Unit Audit Internal Perseroan telah          Throughout 2025, the Company’s Internal Audit Unit carried
      melaksanakan program kerja sesuai dengan Piagam Unit               out its work program in accordance with the Internal Audit
      Audit Internal.                                                    Charter.
      1. Pelaksanaan audit atas efektivitas sistem pengendalian          1. Conducting audits on the effectiveness of the internal
         internal dan manajemen risiko.                                      control system and risk management.
      2. Pemeriksaan efisiensi operasional di berbagai fungsi            2. Reviewing operational efficiency across various
         bisnis.                                                             business functions.
      3. Peninjauan keandalan proses keuangan dan penyusunan             3. Assessing the reliability of financial processes and the
         laporan keuangan.                                                   preparation of financial statements.
      4. Rapat koordinasi dengan Direksi, Dewan Komisaris, dan           4. Conducting coordination meetings with the Board of
         Komite Audit terkait hasil audit.                                   Directors, the Board of Commissioners, and the Audit
                                                                             Committee regarding audit results.
      5. Penilaian kepatuhan terhadap ketentuan peraturan                5. Evaluating compliance with prevailing laws and regulations
         perundang-undangan dan kebijakan regulator.                         as well as regulatory requirements and policies.
      6. Penyampaian rekomendasi perbaikan kepada manajemen              6. Providing improvement recommendations to management
         untuk meningkatkan kualitas pengendalian internal.                  to enhance the quality of internal controls.
      7. Pemantauan tindak lanjut atas rekomendasi audit yang            7. Monitoring the follow-up actions on issued audit
         telah diberikan.                                                    recommendations.
      8. Pemberian masukan strategis kepada Direksi dan                  8. Providing strategic input to the Board of Directors and
         Komite Audit terkait temuan signifikan.                             the Audit Committee regarding significant findings.




      Sistem Pengendalian Internal
      Internal Control System

      Perseroan menempatkan Sistem Pengendalian Internal (SPI)           The Company regards the Internal Control System (ICS)
      sebagai mekanisme pencegahan dan deteksi dini terhadap             as a mechanism for prevention and early detection of
      potensi penyimpangan atau fraud, sekaligus menjadi                 potential irregularities or fraud, while also acting as a tool
      instrumen untuk memperkuat integritas dan akuntabilitas            to strengthen integrity and accountability across all levels
      di seluruh lini organisasi. Direksi secara konsisten               of the organization. The Board of Directors consistently
      mengintegrasikan pengendalian internal, manajemen risiko,          integrates internal control, risk management, and
      dan kepatuhan ke dalam strategi serta praktik manajemen.           compliance into its strategies and management practices.


      Sementara itu, Dewan Komisaris melaksanakan fungsi                 Meanwhile, the Board of Commissioners performs its
      pengawasan dengan memberikan arahan dan masukan atas               oversight function by providing guidance and input on the
      efektivitas penerapan SPI.                                         effectiveness of ICS implementation.


      Pedoman Sistem Pengendalian Internal
      Internal Control System Guidelines
      Perseroan menetapkan Pedoman Sistem Pengendalian                   The Company has established the Internal Control System
      Internal sebagai acuan bagi seluruh unit kerja dalam               Guidelines as a reference for all business units in conducting
      melaksanakan aktivitas usaha secara konsisten dan terukur.         business activities in a consistent and measurable manner.
      Pedoman ini menjadi kerangka kerja yang memastikan setiap          These guidelines serve as a framework to ensure that every
      proses bisnis dijalankan sesuai prinsip governansi korporat        business process is carried out in accordance with corporate
      serta mendukung pencapaian sasaran strategis Perseroan.            governance principles and supports the achievement of the
                                                                         Company’s strategic objectives.




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Pengendalian Keuangan dan Operasional
Financial and Operational Controls
Dalam kerangka Sistem Pengendalian Internal, Perseroan         Within the framework of the Internal Control System, the
menerapkan pengendalian keuangan dan pengendalian              Company implements financial controls and operational
operasional sebagai dua komponen utama yang saling             controls as two key, complementary components. Financial
melengkapi. Pengendalian keuangan difokuskan pada              controls focus on the preparation and presentation of
penyusunan dan penyajian informasi keuangan yang dapat         reliable financial information to support planning, control,
diandalkan, sehingga mendukung proses perencanaan,             and decision-making processes at both the management
pengendalian, dan pengambilan keputusan di tingkat             and shareholder levels. This mechanism includes cash flow
manajemen maupun pemegang saham. Mekanisme ini                 management, transaction recording, and the preparation of
mencakup pengaturan arus kas, pencatatan transaksi, serta      reports in accordance with accounting standards and the
penyusunan laporan yang sesuai dengan standar akuntansi        needs of stakeholders.
dan kebutuhan pemangku kepentingan.


Pengendalian operasional dijalankan melalui penerapan          Operational control is implemented through the application
kebijakan dan prosedur yang memastikan aktivitas bisnis        of policies and procedures that ensure business activities
berlangsung sesuai sasaran yang telah ditetapkan. Aspek        proceed in accordance with established objectives. This
ini mencakup pengawasan atas pelaksanaan proses kerja,         aspect includes oversight of work process execution, the
penerapan standar operasional, serta pemenuhan ketentuan       application of operational standards, and compliance
hukum dan regulasi yang berlaku. Dengan demikian,              with applicable laws and regulations. Thus, operational
pengendalian operasional berfungsi menjaga keteraturan         control serves to maintain the orderliness of the company’s
aktivitas perusahaan sekaligus mendukung akurasi data          activities while supporting the accuracy of data used in the
yang digunakan dalam proses pelaporan.                         reporting process.



Kepatuhan terhadap Peraturan Perundang-Undangan
Compliance with Laws and Regulations
Perseroan menegaskan komitmennya untuk menjalankan             The Company reaffirms its commitment to conducting
kegiatan usaha secara beretika melalui kepatuhan penuh         business ethically through full compliance with all applicable
terhadap seluruh peraturan perundang-undangan yang             laws and regulations. This compliance is viewed as a critical
berlaku. Kepatuhan ini dipandang sebagai landasan penting      foundation for maintaining the trust of shareholders,
dalam menjaga kepercayaan pemegang saham, regulator,           regulators, and all stakeholders.
dan seluruh pemangku kepentingan.

Untuk memastikan konsistensi penerapan, Perseroan              To ensure consistent implementation, the Company has
mengintegrasikan Sistem Pengendalian Internal yang             integrated a comprehensive Internal Control System to
komprehensif guna memantau dan menyesuaikan setiap             monitor and adjust all policies, procedures, and operational
kebijakan, prosedur, serta aktivitas operasional agar selalu   activities to ensure they remain aligned with the latest
selaras dengan perkembangan regulasi terkini.                  regulatory developments.



Tinjauan atas Efektivitas Sistem Pengendalian Internal
Review of the Effectiveness of the Internal Control System
Pada tahun 2025, Perseroan melaksanakan tinjauan atas          In 2025, the Company conducted a review of the effectiveness
efektivitas SPI sebagai bagian dari penerapan governansi       of the Internal Control System as part of its corporate
korporat. Tinjauan mencakup pengujian atas keandalan           governance implementation. The review included testing the
sistem pencatatan dan pelaporan, serta penilaian kepatuhan     reliability of the recording and reporting systems, as well
terhadap kebijakan internal yang telah ditetapkan. Hasil       as assessing compliance with established internal policies.
evaluasi digunakan untuk mengidentifikasi area yang            The evaluation results were used to identify areas requiring
memerlukan perbaikan dan menyusun rekomendasi yang             improvement and to formulate relevant recommendations
relevan bagi peningkatan kualitas pengendalian.                for enhancing the quality of controls.




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      Selain itu, tinjauan juga menilai efektivitas koordinasi           In addition, the review also assessed the effectiveness of
      antarunit dalam menjalankan fungsi pengendalian, termasuk          coordination among units in performing control functions,
      keterlibatan manajemen dalam memastikan tindak lanjut              including management’s involvement in ensuring follow-up
      atas temuan evaluasi. Dengan pendekatan ini, SPI dipantau          on evaluation findings. Through this approach, the ICS is
      secara berkesinambungan agar tetap selaras dengan                  continuously monitored to ensure it remains aligned with
      dinamika operasional dan perkembangan regulasi, sekaligus          operational dynamics and regulatory developments, while
      mendukung penerapan prinsip governansi korporat di                 supporting the implementation of corporate governance
      seluruh tingkatan organisasi.                                      principles at all levels of the organization.


      Pernyataan Direksi atas Kecukupan Sistem Pengendalian Internal
      Management’s Statement on the Adequacy of the Internal Control System
      Berdasarkan hasil tinjauan atas efektivitas SPI sepanjang          Based on the review of the effectiveness of the ICS throughout
      tahun buku 2025, Direksi menyatakan bahwa SPI telah                the 2025 financial year, the Board of Directors states that
      diterapkan secara memadai di seluruh kegiatan usaha                the ICS has been adequately implemented across all of the
      Perseroan. Hasil penerapan SPI memberikan keyakinan                Company’s business activities. The implementation of the ICS
      memadai atas keandalan informasi keuangan, efektivitas             provides reasonable assurance regarding the reliability of
      pengelolaan risiko, dan kepatuhan terhadap ketentuan               financial information, the effectiveness of risk management,
      perundang undangan. Direksi juga mencatat bahwa SPI                and compliance with applicable laws and regulations. The
      berfungsi konsisten dalam menjaga integritas proses bisnis         Board of Directors also notes that the ICS has consistently
      dan mendukung operasional yang efisien serta transparan.           functioned in maintaining the integrity of business processes
                                                                         and supporting efficient and transparent operations.




      Sistem Manajemen Risiko
      Risk Management System

      Sistem Manajemen Risiko merupakan kerangka kerja                   A Risk Management System is a framework designed to help
      yang dirancang untuk membantu organisasi dalam                     organizations identify, assess, and control potential risks
      mengidentifikasi, menilai, dan mengendalikan potensi               that could affect the achievement of their objectives. This
      risiko yang dapat memengaruhi pencapaian tujuan. Sistem            system serves as a protective mechanism and a strategic
      ini berfungsi sebagai mekanisme perlindungan dan sebagai           tool that supports decision-making, safeguards business
      alat strategis yang mendukung pengambilan keputusan,               continuity, and ensures compliance with applicable
      menjaga keberlangsungan usaha, serta memastikan                    regulations and standards.
      kepatuhan terhadap regulasi dan standar yang berlaku.



      Gambaran Umum Sistem Manajemen Risiko di Perseroan
      Overview of the Risk Management System at the Company
      Di dalam Perseroan, sistem manajemen risiko diterapkan             Within the Company, the risk management system is
      secara menyeluruh pada setiap lini operasional. Proses             implemented comprehensively across all operational lines.
      ini mencakup identifikasi risiko utama, penetapan tingkat          This process includes identifying key risks, establishing risk
      toleransi risiko (risk appetite), serta penerapan kebijakan        tolerance levels (risk appetite), and implementing control
      pengendalian yang sesuai dengan kompleksitas usaha.                policies appropriate to the complexity of the business.
      Direksi bertanggung jawab atas pengawasan penerapan                The Board of Directors is responsible for overseeing the
      sistem manajemen risiko, sementara Komite Audit berperan           implementation of the risk management system, while the
      dalam memantau efektivitasnya melalui evaluasi berkala.            Audit Committee plays a role in monitoring its effectiveness
      Sistem ini juga memerlukan koordinasi lintas unit kerja, agar      through periodic evaluations. This system also requires cross-
      risiko dapat ditangani secara sistematis dan konsisten.            departmental coordination to ensure risks are addressed
                                                                         systematically and consistently.




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Sistem Manajemen Risiko Teknologi Informasi
Information Technology Risk Management System
Teknologi Informasi (TI) merupakan bagian penting dari            Information Technology (IT) is a critical component of the
Sistem Manajemen Risiko. Perseroan, sebagai perusahaan            Risk Management System. The Company, as a building
distribusi bahan bangunan sekaligus pengelola jaringan            materials distributor and operator of retail networks and
ritel dan platform digital, memahami bahwa pemanfaatan            digital platforms, recognizes that the use of information
teknologi informasi dapat mendukung kelancaran rantai             technology can support the smooth operation of the supply
pasok, transaksi ritel, serta layanan digital secara aman         chain, retail transactions, and digital services in a secure and
dan berkesinambungan. Dalam konteks tersebut, Perseroan           sustainable manner. In this context, the Company positions
menempatkan sistem manajemen risiko TI sebagai langkah            the IT risk management system as a strategic measure to
strategis untuk menjaga keberlangsungan usaha.                    ensure business continuity.

Governansi risiko TI dijalankan melalui kebijakan dan             IT risk governance is implemented through policies and
prosedur yang terintegrasi dengan kegiatan distribusi dan         procedures integrated with distribution and retail operations.
ritel. Direksi Perseroan secara berkala menerima laporan          The Company’s Board of Directors regularly receives reports
mengenai risiko utama, termasuk potensi disruption pada           on key risks, including potential disruptions to logistics
sistem logistik dan marketplace, ancaman cyber security           systems and marketplaces, cybersecurity threats such as
seperti pencurian data dan serangan ransomware, terhadap          data theft and ransomware attacks targeting customer and
data pelanggan dan mitra bisnis, serta rencana disaster           business partner data, as well as disaster recovery plans to
recovery untuk menjamin pemulihan sistem distribusi dan           ensure the restoration of distribution systems and online
layanan daring bila terjadi gangguan.                             services in the event of an outage.

Tujuan penerapan sistem ini adalah menjaga kerahasiaan,           The purpose of implementing this system is to safeguard the
integritas, dan ketersediaan data yang mendukung kegiatan         confidentiality, integrity, and availability of data supporting
usaha Perseroan, mulai dari data inventaris produk,               the Company’s business operations, ranging from product
transaksi dealer dan pelanggan, hingga informasi strategis        inventory data, dealer and customer transactions, to
terkait jaringan distribusi nasional. Untuk memperkuat            strategic information related to the national distribution
perlindungan, kebijakan Pelindungan Data Pribadi (PDP)            network. To strengthen protection, a Personal Data
telah diimplementasikan sesuai dengan ketentuan Undang            Protection (PDP) policy has been implemented in accordance
Undang No. 27 Tahun 2022 tentang Pelindungan Data                 with the provisions of Law No. 27 of 2022 on Personal Data
Pribadi, termasuk penerapan privacy notice pada kanal             Protection, including the implementation of privacy notices
digital Perseroan serta penyusunan Data Processing                on the Company’s digital channels and the drafting of Data
Agreement (DPA) dengan pihak ketiga yang terlibat dalam           Processing Agreements (DPAs) with third parties involved in
pemrosesan data.                                                  data processing.

Sebagai bagian dari komitmen berkelanjutan, Perseroan             As part of its ongoing commitment, the Company encourages
mendorong keterlibatan aktif seluruh karyawan dalam               the active involvement of all employees in safeguarding
menjaga      keamanan     informasi       melalui    pelatihan,   information security through training, awareness programs,
sosialisasi, dan simulasi yang relevan dengan kebutuhan           and simulations relevant to day-to-day operational needs.
operasional sehari hari. Melalui inisiatif tersebut, Perseroan    Through these initiatives, the Company fosters a work culture
menumbuhkan budaya kerja yang menekankan kesadaran                that emphasizes awareness of the importance of information
akan pentingnya keamanan informasi. Setiap karyawan               security. Every employee is encouraged to play an active role
didorong untuk berperan aktif menjaga keandalan sistem            in maintaining the reliability of systems and data, thereby
dan data, sehingga keberlangsungan distribusi serta kualitas      ensuring the continuity of distribution activities and the
layanan kepada pelanggan dapat terjaga secara konsisten.          consistent quality of services provided to customers.



Penilaian Risiko
Risk Assessment
Dalam menjalankan usaha, Perseroan menghadapi beragam             In conducting its business activities, the Company faces
dinamika yang dapat memengaruhi pencapaian tujuan                 various dynamics that may affect the achievement of its
strategis. Untuk itu, penilaian risiko dilakukan sebagai          strategic objectives. Accordingly, risk assessment is carried
proses pemetaan terhadap faktor faktor yang berpotensi            out as a process of mapping factors that have the potential




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      menimbulkan dampak signifikan. Faktor eksternal yang                to cause significant impacts. External factors monitored
      dipantau mencakup perubahan kondisi ekonomi, kebijakan              include changes in economic conditions, government
      pemerintah, serta intensitas persaingan di pasar. Sementara         policies, and the intensity of market competition. Meanwhile,
      itu, faktor internal yang diperhatikan meliputi kualitas            internal factors considered include the quality of operational
      proses operasional, kesiapan infrastruktur, dan keterlibatan        processes, infrastructure readiness, and stakeholder
      pemangku kepentingan dalam mendukung aktivitas bisnis.              engagement in supporting business activities.


      Setiap kejadian yang berpotensi memengaruhi pencapaian              Each event that has the potential to affect the achievement
      tujuan usaha dicatat sebagai risk event. Dalam praktiknya,          of business objectives is recorded as a risk event. In practice,
      Perseroan menilai kemungkinan terjadinya peristiwa                  the Company assesses both the likelihood of such events
      tersebut sekaligus mengukur dampak yang dapat muncul                occurring and the potential impact on business strategy.
      terhadap strategi bisnis. Untuk menjaga keseragaman                 To ensure a consistent approach across all business units,
      pendekatan di seluruh unit kerja, digunakan risk matrix             a risk matrix is used as the primary reference. Risk owners
      sebagai rujukan utama. Penanggung jawab risiko (risk                conduct assessments using various methods, including
      owner) melakukan penilaian dengan berbagai metode, mulai            scenario analysis, correlation studies, and benchmarking
      dari analisis skenario, kajian korelasi, hingga perbandingan        against similar cases. The results of the assessment are then
      antar kasus serupa. Hasil penilaian kemudian dihubungkan            aligned with the defined risk thresholds in accordance with
      dengan batas risiko yang telah ditetapkan sesuai dengan             the Company’s risk appetite, thereby providing each unit
      risk appetite Perseroan, sehingga setiap unit memiliki arahan       with clear guidance in managing potential risks.
      yang jelas dalam mengelola potensi risiko.


      Jenis Risiko dan Cara Pengelolaannya
      Types of Risks and Mitigations
      Dalam menjalankan aktivitas bisnis, Perseroan dihadapkan            In carrying out its business activities, the Company is
      pada risiko yang bersumber dari faktor eksternal maupun             exposed to risks arising from both external and internal
      internal. Setiap risiko memiliki karakteristik tersendiri,          factors. Each risk has its own characteristics; therefore, its
      sehingga pengelolaannya dilakukan dengan pendekatan                 management requires an appropriate approach.
      yang sesuai.


      Pada tahun 2025, Perseroan mengidentifikasi 6 jenis risiko          In 2025, the Company identified six main types of risks with
      utama dengan sifat dan dampak yang berbeda. Untuk                   varying characteristics and impacts. Accordingly, specific
      itu, diperlukan metode pengelolaan yang spesifik. Uraian            management approaches are required. The description of
      mengenai 6 risiko tersebut beserta cara penanganannya               these six risks and their respective mitigation measures is
      disajikan sebagai berikut:                                          presented as follows:


                         Jenis Risiko dan Penjelasan                                            Cara Pengelolaan
                         Types of Risk and Explanations                                             Mitigations

       Risiko Kondisi Perekonomian Makro
       Aktivitas usaha Perseroan sangat dipengaruhi oleh dinamika          Perseroan melakukan pemantauan berkala terhadap
       ekonomi nasional. Perubahan indikator seperti tingkat inflasi,      indikator ekonomi tersebut dan menyiapkan langkah
       suku bunga, nilai tukar, kebijakan moneter (BI Rate), harga BBM     antisipatif sesuai perkembangan kondisi pasar.
       dan/atau sumber energi lainnya, serta regulasi pemerintah dapat     The Company regularly monitors these economic indicators
       memberikan dampak langsung terhadap kinerja bisnis.                 and takes proactive measures in response to market conditions.
       Risks Related to Macroeconomic Conditions
       The Company’s business activities are significantly influenced
       by national economic dynamics. Changes in indicators such as
       inflation rates, interest rates, exchange rates, monetary policy
       (BI Rate), fuel prices, and/or other energy sources, as well as
       government regulations, can have a direct impact on business
       performance.




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                    Jenis Risiko dan Penjelasan                                                Cara Pengelolaan
                    Types of Risk and Explanations                                                  Mitigations

Risiko Persaingan Usaha
Risiko persaingan usaha dapat terjadi akibat peluncuran produk            Perseroan menjaga kualitas hubungan dengan principal
substitusi oleh kompetitor, praktik perdagangan yang berpotensi           dan pelanggan, mengembangkan program pemasaran yang
mengganggu stabilitas harga pasar, serta faktor lain yang                 tepat sasaran, serta menerapkan disiplin pengendalian biaya
mencerminkan dinamika kompetisi di industri.                              untuk mempertahankan daya saing.
Competitive Risk                                                          The Company maintains strong relationships with its
Competitive risk may arise from the launch of substitute products         principals and customers, develops targeted marketing
by competitors, trading practices that could disrupt market price         programs, and implements strict cost control measures to
stability, and other factors reflecting the competitive dynamics          remain competitive.
within the industry.

Risiko Piutang Dagang
Potensi keterlambatan atau kegagalan pembayaran dari pelanggan            Perseroan menerapkan sistem penagihan berdasarkan
dapat menimbulkan risiko finansial bagi Perseroan. Situasi ini            tanggal jatuh tempo, melakukan analisis atas riwayat
berpengaruh langsung terhadap arus kas dan stabilitas keuangan            pembayaran dan kondisi finansial pelanggan sebelum
perusahaan, sehingga perlu pengelolaan yang terstruktur.                  pemberian kredit, serta menetapkan otorisasi yang jelas
Trade Receivables Risk                                                    dalam proses persetujuan.
Potential delays or failures in payment by customers may pose             The Company implements a billing system based on due
financial risks to the Company. This situation directly impacts           dates, analyzes customers’ payment histories and financial
the Company’s cash flow and financial stability, necessitating            conditions prior to extending credit, and establishes clear
structured management.                                                    authorization procedures in the approval process.

Risiko Persediaan Barang
Ketersediaan pasokan dari principal, khususnya untuk produk               Perseroan melakukan pengawasan stok secara teratur
dengan perputaran tinggi, berpotensi menimbulkan risiko bagi              melalui sistem maupun pemeriksaan manual, dengan fokus
Perseroan apabila terjadi keterlambatan atau ketidakseimbangan            pada barang yang memiliki perputaran cepat, sehingga
distribusi. Kondisi ini dapat memengaruhi kelancaran operasional          ketersediaan tetap terjaga sesuai kebutuhan pasar.
dan pemenuhan kebutuhan pelanggan.                                        The Company conducts regular inventory monitoring through
Inventory Risk                                                            both automated systems and manual checks, focusing on
The availability of supplies from the principal, particularly for high-   fast-moving items to ensure that inventory levels remain in
turnover products, poses a potential risk to the Company in the           line with market demand.
event of delays or imbalances in distribution. Such conditions may
affect the smooth operation of the business and the fulfillment of
customer needs.

Risiko Katastropik
Bencana alam seperti gempa bumi, kebakaran, maupun peristiwa              Perseroan melindungi seluruh aset melalui program
lain yang berpotensi merusak aset fisik Perseroan termasuk                asuransi, melengkapi setiap cabang dengan peralatan
dalam kategori risiko katastropik. Dampaknya dapat langsung               pemadam kebakaran, serta menyelenggarakan latihan
mengganggu keberlangsungan operasional serta menimbulkan                  kesiapsiagaan menghadapi bencana secara berkala untuk
kerugian material yang signifikan.                                        memastikan respons cepat ketika terjadi keadaan darurat.
Catastrophic Risk                                                         The Company protects all of its assets through insurance
Natural disasters such as earthquakes, fires, and other events            programs, equips every branch with firefighting equipment,
that have the potential to damage the Company’s physical assets           and conducts regular disaster preparedness drills to ensure
fall under the category of catastrophic risks. Their impact can           a rapid response in the event of an emergency.
directly disrupt operational continuity and result in significant
material losses.

Risiko Kebocoran Data
Informasi sensitif berisiko diakses oleh pihak yang tidak                 Perseroan    menyelenggarakan       sosialisasi   berkala
berwenang, baik melalui saluran elektronik maupun fisik.                  mengenai praktik keamanan informasi, meningkatkan
Kebocoran data dapat menimbulkan kerugian reputasi,                       kewaspadaan dalam membuka lampiran email, serta
mengganggu operasional, serta menurunkan tingkat                          memberikan edukasi terkait modus penipuan digital yang
kepercayaan pemangku kepentingan terhadap Perseroan.                      umum terjadi di dunia usaha.
Data Breach Risk                                                          The company conducts regular awareness sessions on
Sensitive information is at risk of being accessed by unauthorized        information security practices, encourages caution when
parties, whether through electronic or physical channels. Data            opening email attachments, and provides education on
breaches can result in reputational damage, disrupt operations,           common digital fraud schemes in the business world.
and erode stakeholder confidence in the Company.




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      Tinjauan Efektivitas Sistem Manajemen Risiko Perseroan
      Review of the Company’s Risk Management System Effectiveness
      Efektivitas sistem manajemen risiko bergantung pada                The effectiveness of the risk management system depends
      keterlibatan aktif seluruh elemen organisasi. Perseroan            on the active involvement of all organizational elements. The
      memastikan setiap aktivitas operasional dijalankan dengan          Company ensures that all operational activities are carried
      prinsip kehati-hatian, sehingga potensi risiko yang dapat          out under the principle of prudence, enabling potential risks
      memengaruhi kinerja maupun reputasi dapat diantisipasi             that may affect performance or reputation to be identified
      sejak dini. Melalui koordinasi lintas departemen yang              and anticipated at an early stage. Through integrated
      terintegrasi, proses identifikasi, pengukuran, dan mitigasi        cross-departmental coordination, the processes of risk
      risiko dapat dilakukan secara sistematis dan tepat waktu.          identification, measurement, and mitigation are conducted
                                                                         in a systematic and timely manner.


      Sepanjang tahun 2025, Perseroan melaksanakan tinjauan              Throughout 2025, the Company carried out a comprehensive
      menyeluruh atas penerapan sistem manajemen risiko.                 review of the implementation of its risk management system.
      Direksi berperan dalam meninjau dan menyempurnakan                 The Board of Directors is responsible for reviewing and
      kebijakan serta strategi agar senantiasa relevan dengan            refining policies and strategies to ensure their continued
      peraturan yang berlaku dan dinamika eksternal, sementara           relevance to applicable regulations and external dynamics,
      Dewan Komisaris memantau efektivitas penerapan secara              while the Board of Commissioners regularly monitors
      rutin untuk memastikan langkah mitigasi dijalankan optimal.        implementation effectiveness to ensure that mitigation
      Tinjauan dilakukan berdasarkan penilaian risiko dari               measures are executed optimally. The review is conducted
      setiap departemen guna mengidentifikasi dan menangani              based on risk assessments from each department to
      potensi risiko yang mungkin timbul. Pemanfaatan teknologi          identify and address potential risks that may arise. The use
      informasi memberikan kontribusi besar dalam memperkuat             of information technology has significantly contributed to
      sistem pengendalian; dengan dukungan data yang lebih               strengthening the control system; with more accurate data
      akurat dan pemantauan real-time, pengambilan keputusan             support and real-time monitoring, decision-making can be
      dapat dilakukan secara lebih cepat dan berbasis fakta.             carried out more quickly and on a fact-based basis.


      Seluruh unit bisnis berpartisipasi aktif dalam pengelolaan         All business units actively participate in risk management,
      risiko, sehingga terbentuk budaya risiko (risk culture) yang       thereby fostering an integrated risk culture across all aspects
      terintegrasi di seluruh aspek organisasi. Dengan demikian,         of the organization. Accordingly, the Company considers that
      Perseroan menilai bahwa sistem manajemen risiko yang               the risk management system implemented throughout 2025
      diterapkan sepanjang tahun 2025 telah berjalan efektif             has been effective in supporting the achievement of business
      dalam mendukung pencapaian tujuan usaha, menjaga                   objectives, maintaining compliance with regulations, and
      kepatuhan     terhadap    regulasi,  serta    meningkatkan         enhancing the confidence of shareholders and stakeholders.
      kepercayaan pemegang saham dan pemangku kepentingan.


      Pernyataan Direksi atas Kecukupan Sistem Manajemen Risiko
      Management’s Statement on the Adequacy of the Risk Management System
      Direksi menegaskan bahwa sistem manajemen risiko yang              The Board of Directors affirms that the risk management
      diterapkan Perseroan telah disusun dan dijalankan secara           system implemented by the Company has been adequately
      memadai untuk mendukung keberlangsungan usaha                      designed and executed to support business continuity and
      serta menjaga kepatuhan terhadap ketentuan peraturan               ensure compliance with applicable regulatory requirements.
      yang berlaku. Melalui penerapan kebijakan, prosedur,               Through the implementation of integrated policies,
      dan mekanisme pengendalian yang terintegrasi, Direksi              procedures, and control mechanisms, the Board of Directors
      memastikan bahwa identifikasi, pengukuran, pemantauan,             ensures that risk identification, measurement, monitoring,
      dan pengendalian risiko dilakukan secara konsisten di              and control are consistently carried out across all levels of
      seluruh lini organisasi.                                           the organization.




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Perkara Penting
Significant Legal Cases
Perseroan beserta entitas anak, termasuk Dewan Komisaris     The Company and its subsidiaries, including the Board of
dan Direksi yang sedang menjabat di tahun 2025, tidak        Commissioners and the Board of Directors serving in 2025,
menghadapi perkara hukum baik perdata maupun pidana.         did not face any legal cases, whether civil or criminal, during
                                                             the reporting period.




Sanksi Administratif
Administrative Sanctions
Selama tahun 2025, Perseroan dan entitas anak, termasuk      Throughout 2025, the Company and its subsidiaries,
Dewan Komisaris serta Direksi, senantiasa mematuhi           including the Board of Commissioners and the Board of
ketentuan yang berlaku sehingga tidak menerima sanksi        Directors, consistently complied with applicable regulations
administratif dari regulator.                                and therefore did not receive any administrative sanctions
                                                             from regulators.




Kode Etik
Code of Ethics
[IDX G-07]



Kode Etik Perseroan merupakan pedoman perilaku yang wajib    The Company’s Code of Ethics serves as a code of conduct
dipatuhi oleh seluruh jajaran dalam menjalankan kegiatan     that must be adhered to by all levels of the organization in
usaha. Pedoman ini menegaskan komitmen Perseroan             carrying out business activities. This guideline underscores the
untuk menjunjung tinggi integritas, profesionalisme, serta   Company’s commitment to upholding integrity, professionalism,
kepatuhan terhadap peraturan perundang-undangan yang         and compliance with applicable laws and regulations. Through
berlaku. Dengan penerapan Kode Etik secara konsisten,        consistent implementation of the Code of Ethics, the Company
Perseroan berupaya membangun budaya kerja yang               seeks to foster a transparent, accountable, and stakeholder-
transparan, akuntabel, dan berorientasi pada kepentingan     oriented work culture. The Code of Ethics also plays an
pemangku kepentingan. Kode Etik juga berperan penting        important role in safeguarding the Company’s reputation,
dalam menjaga reputasi, memperkuat kepercayaan publik,       strengthening public trust, and ensuring that all business
serta memastikan bahwa setiap keputusan bisnis diambil       decisions are made with ethical considerations.
dengan mempertimbangkan prinsip etika.



Pokok-Pokok Kode Etik
Key Principles of the Code of Ethics
Sebagai bagian dari SCG Group, Perseroan senantiasa          As part of the SCG Group, the Company consistently
menjunjung tinggi SCG Philosophy sebagai standar etika       upholds the SCG Philosophy as an ethical standard in all
dalam setiap aktivitas bisnis. SCG Philosophy terdiri atas   business activities. The SCG Philosophy consists of Four
Empat Nilai Utama (4 Core Values) yang menjadi landasan      Core Values that form the foundation of the Company’s
pokok Kode Etik Perseroan, yaitu:                            Code of Ethics, namely:




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      1. Kepatuhan terhadap Keadilan                                      1.   Adherence to Fairness
         Perseroan berkomitmen menjalankan usaha dengan                        The Company is committed to conducting its business
         integritas, transparansi, dan akuntabilitas, serta                    with integrity, transparency, and accountability, and
         memperlakukan seluruh pihak dengan hormat, kejujuran,                 to treating all parties with respect, honesty, courtesy,
         keramahan, dan keadilan. Setiap individu diperlakukan                 and fairness. Every individual is treated equally without
         secara setara tanpa diskriminasi, sehingga setiap orang               discrimination, ensuring that all parties interacting with
         yang berinteraksi dengan Perseroan memperoleh                         the Company receive fair treatment.
         perlakuan yang adil.
      2. Dedikasi terhadap Keunggulan                                     2. Dedication to Excellence
         Perseroan senantiasa berperilaku benar dan berupaya                 The Company consistently acts ethically and strives to
         mencapai hasil terbaik dalam setiap kegiatan. Seluruh               achieve the best outcomes in all activities. All employees
         insan Perseroan aktif mengaplikasikan pengetahuan                   actively apply their knowledge and skills, focus on
         dan keterampilan, berfokus pada peningkatan kualitas                continuous performance improvement, and continuously
         kinerja secara berkelanjutan, serta terus belajar,                  learn, innovate, and overcome challenges to support the
         berinovasi, dan mengatasi tantangan demi mendukung                  Company’s growth and sustainability.
         pertumbuhan dan keberlanjutan perusahaan.
      3. Keyakinan akan Nilai Individu                                    3. Belief in the Value of Individuals
         Perseroan meyakini bahwa karyawan adalah aset                       The Company believes that employees are valuable
         berharga. Oleh karena itu, Perseroan memilih                        assets. Therefore, the Company selects individuals
         individu dengan etika dan kompetensi tinggi, serta                  with high ethical standards and competencies and is
         berkomitmen     mengembangkan         potensi   mereka              committed to developing their potential to adapt to
         agar siap menghadapi perubahan zaman. Perseroan                     changing times. The Company fosters an inclusive and
         membangun lingkungan kerja yang inklusif, aman, dan                 safe working environment that nurtures a sense of
         menumbuhkan rasa memiliki, sehingga mendukung                       belonging and supports individual growth.
         pertumbuhan setiap insan.
      4. Kepedulian pada Tanggung Jawab Sosial                            4. Concern for Social Responsibility
         Sebagai warga korporat yang baik, Perseroan                         As a responsible corporate citizen, the Company
         konsisten melaksanakan tanggung jawab sosial di                     consistently carries out its social responsibilities in
         setiap komunitas dan negara tempat beroperasi.                      every community and country in which it operates. The
         Perseroan aktif menjaga kelestarian sumber daya                     Company actively preserves natural resources, supports
         alam, mendukung keberlanjutan, serta mengutamakan                   sustainability, and prioritizes occupational safety,
         standar keselamatan, kesehatan kerja, dan lingkungan                health, and environmental standards in all activities.
         dalam setiap aktivitas. Pemanfaatan sumber daya                     Resources are utilized wisely to create optimal value for
         dilakukan secara bijak untuk menciptakan nilai optimal              all stakeholders.
         bagi seluruh pemangku kepentingan.



      Sosialisasi dan Upaya Penegakan Kode Etik
      Dissemination and Enforcement of the Code of Ethics
      Perseroan     secara     berkesinambungan          melaksanakan     The Company continuously conducts socialization of the Code
      sosialisasi Kode Etik kepada seluruh jajaran melalui berbagai       of Ethics to all levels of the organization through various
      sarana komunikasi internal, termasuk pelatihan, seminar,            internal communication channels, including training sessions,
      dan publikasi rutin. Sepanjang tahun 2025, Perseroan                seminars, and regular publications. Throughout 2025, the
      menyelenggarakan program pelatihan yang melibatkan                  Company implemented training programs involving employees
      seluruh jenjang karyawan, mulai dari officer/staff hingga           across all levels, from officers/staff to managers. These activities
      manajer. Kegiatan ini difasilitasi oleh auditor internal bersama    were facilitated by the Internal Audit function in collaboration
      SCG serta pihak terkait lainnya, sehingga pemahaman                 with SCG and other relevant parties, thereby strengthening
      mengenai Kode Etik dapat diperkuat secara menyeluruh.               comprehensive understanding of the Code of Ethics.




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Untuk memastikan efektivitas penerapan, Perseroan            To ensure effective implementation, the Company has
membangun mekanisme pengawasan yang jelas, menyediakan       established a clear monitoring mechanism, provides
saluran pelaporan pelanggaran, serta menetapkan sanksi       whistleblowing channels for reporting violations, and enforces
yang tegas dan proporsional bagi setiap pelanggaran yang     firm and proportionate sanctions for any substantiated
terbukti. Melalui langkah-langkah tersebut, Perseroan        breaches. Through these measures, the Company affirms that
menegaskan bahwa Kode Etik merupakan bagian integral dari    the Code of Ethics is an integral part of its work culture that
budaya kerja yang mendukung integritas, transparansi, dan    supports integrity, transparency, and business sustainability.
keberlanjutan usaha.


Pemberlakuan Kode Etik bagi Seluruh Level Organisasi
Applicability of the Code of Ethics Across All Organizational Levels
Perseroan menegaskan bahwa Kode Etik berlaku secara          The Company affirms that the Code of Ethics applies
menyeluruh bagi seluruh level organisasi, mulai dari         comprehensively to all levels of the organization, including
Dewan Komisaris, Direksi, hingga seluruh karyawan tanpa      the Board of Commissioners, the Board of Directors, and
pengecualian. Setiap individu memiliki tanggung jawab yang   all employees without exception. Every individual has an
sama untuk menerapkan Kode Etik dalam perilaku sehari-       equal responsibility to apply the Code of Ethics in their daily
hari, sebagai bagian dari upaya menjaga dan memperkuat       conduct as part of efforts to maintain and strengthen the
reputasi serta citra Perseroan.                              Company’s reputation and image.


Top Manajemen Perseroan berperan sebagai role model          The Company’s top management serves as a role model by
dengan menunjukkan komitmen terhadap integritas,             demonstrating commitment to integrity, professionalism,
profesionalisme, dan kepatuhan dalam setiap tindakan         and compliance in every action and business decision. This
maupun keputusan bisnis. Keteladanan tersebut menjadi        exemplary conduct serves as a reference for all employees
acuan bagi seluruh karyawan untuk menginternalisasi nilai-   in consistently internalizing the values of the Code of Ethics.
nilai Kode Etik secara konsisten.




Kebijakan Pemberian Kompensasi
Jangka Panjang Berbasis Kinerja
Long-Term Performance-based Compensation Policy

Hingga 31 Desember 2025, Perseroan belum menerapkan          As of 31 December 2025, the Company has not implemented
kebijakan pemberian kompensasi jangka panjang berbasis       a long-term performance-based compensation policy
kinerja (Long Term Incentives/LTI) dalam bentuk skema        (Long-Term Incentives/LTI) in the form of share ownership
kepemilikan saham bagi manajemen (Management Stock           schemes, namely the Management Stock Option Program
Option Program – MSOP) maupun kepemilikan saham bagi         (MSOP) or the Employee Stock Option Program (ESOP).
karyawan (Employee Stock Option Program – ESOP). Namun,      However, the Company remains open to further evaluation
Perseroan tetap memberikan peluang untuk melakukan           regarding the potential implementation of share ownership
kajian lebih lanjut terkait kemungkinan penerapan program    programs in the future, in accordance with business needs
kepemilikan saham di masa mendatang sesuai dengan            and developments.
kebutuhan dan perkembangan usaha.




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      Kebijakan Pelaporan Kepemilikan
      Saham Dewan Komisaris dan Direksi
      Policy on Share Ownership Reporting by the
      Board of Commissioners and the Board of Directors

      Perseroan menerapkan kebijakan pelaporan kepemilikan                The Company implements a policy on the reporting of share
      saham oleh Dewan Komisaris dan Direksi sesuai dengan                ownership by members of the Board of Commissioners and
      Pasal 2 Peraturan OJK No. 4 Tahun 2024 tentang Laporan              the Board of Directors in accordance with Article 2 of Financial
      Kepemilikan atau Setiap Perubahan Kepemilikan Saham                 Services Authority Regulation No. 4/2024 concerning Reports
      Perusahaan Terbuka (“POJK 4/2024”). Berdasarkan                     on Share Ownership or Any Changes in Share Ownership of
      ketentuan tersebut, setiap anggota Dewan Komisaris dan              Public Companies (“POJK 4/2024”). In accordance with these
      Direksi yang memiliki hak suara atas saham, baik secara             provisions, each member of the Board of Commissioners and
      langsung maupun tidak langsung, wajib melaporkan                    the Board of Directors who holds voting rights over shares,
      kepemilikan maupun perubahan kepemilikan saham kepada               either directly or indirectly, is required to report share
      Otoritas Jasa Keuangan (OJK) melalui Perseroan paling               ownership or any changes in share ownership to the Financial
      lambat lima hari kerja setelah terjadinya perubahan.                Services Authority (OJK) through the Company no later than
                                                                          five business days after the occurrence of such changes.


      Sebagai wujud kepatuhan, sepanjang tahun 2025 seluruh               As a form of compliance, throughout 2025 all members
      anggota Dewan Komisaris dan Direksi secara rutin                    of the Board of Commissioners and the Board of Directors
      melaporkan kepemilikan saham melalui daftar khusus,                 regularly reported their share ownership through a dedicated
      yang mencakup informasi terkait kepemilikan saham secara            register, which includes information on both direct and
      langsung maupun tidak langsung. Perseroan memastikan                indirect shareholdings. The Company ensures accurate and
      penyampaian data secara akurat dan tepat waktu setiap               timely submission of such data on a monthly basis through
      bulan melalui IDXNet, platform resmi pelaporan kepada               IDXNet, the official reporting platform of the Indonesia Stock
      Bursa Efek Indonesia (BEI) dan Otoritas Jasa Keuangan (OJK).        Exchange (IDX) and the Financial Services Authority (OJK).


      Hingga 31 Desember 2025, tidak terdapat anggota                     As of 31 December 2025, none of the members of the Board
      Dewan Komisaris maupun Direksi yang memiliki saham                  of Commissioners or the Board of Directors held shares in
      Perseroan, baik secara langsung maupun tidak langsung.              the Company, either directly or indirectly. Accordingly, the
      Dengan demikian Perseroan tidak memiliki kewajiban                  Company has no obligation to submit a Share Ownership
      untuk menyampaikan Laporan Kepemilikan Saham Dewan                  Report of the Board of Commissioners and the Board of
      Komisaris dan Direksi kepada regulator.                             Directors to the regulators.




      Kebijakan Keterbukaan Informasi
      Information Disclosure Policy
      [IDX G-07]



      Perseroan berkomitmen menjaga transparansi dengan                   The Company is committed to maintaining transparency
      memperbaharui serta menyampaikan informasi penting                  by updating and disclosing material information to
      kepada pemegang saham dan pemangku kepentingan.                     shareholders and stakeholders. All information is published
      Seluruh informasi dipublikasikan melalui kanal resmi,               through official channels, including the Company’s
      antara lain situs web Perseroan, Otoritas Jasa Keuangan             website, the Financial Services Authority (OJK), and the
      (OJK), dan Bursa Efek Indonesia (BEI). Selain itu, Perseroan        Indonesia Stock Exchange (IDX). In addition, the Company
      menyediakan jalur komunikasi langsung bagi pemegang                 provides direct communication channels for shareholders
      saham untuk menyampaikan pertanyaan mengenai kinerja                to submit inquiries regarding company performance
      perusahaan melalui Rapat Umum Pemegang Saham                        through the General Meeting of Shareholders (GMS),




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(RUPS), Public Expose, maupun melalui surat menyurat          Public Expose, as well as correspondence via email and
yang dapat disampaikan melalui alamat e-mail dan situs        the Company’s official website, namely:
web resmi Perseroan, yaitu:


     Alamat E-mail                                            Situs Web
     Email Address                                            Website

     corsec@pt-kokoh.com                                      https://www.pt-kokoh.com




Sistem Pelaporan Pelanggaran
Whistleblowing System

Lingkungan kerja yang sehat, transparan, dan berintegritas    A healthy, transparent, and integrity-based working
merupakan prioritas utama Perseroan. Untuk menjaga            environment is a top priority of the Company. To uphold this
komitmen tersebut, Perseroan mengembangkan Sistem             commitment, the Company has established a Whistleblowing
Pelaporan Pelanggaran (Whistleblowing System – WBS)           System (WBS) as an official channel for both internal and
sebagai saluran resmi bagi pihak internal maupun eksternal    external parties to report suspected violations of laws
dalam menyampaikan laporan atas dugaan pelanggaran            and regulations, non-compliance with applicable rules, or
hukum, ketidakpatuhan terhadap peraturan, maupun              breaches of the Code of Ethics, including indications of
pelanggaran Kode Etik, termasuk indikasi praktik korupsi.     corrupt practices.


Penerapan WBS dilakukan dengan mengacu pada                   The implementation of the WBS is guided by the SCG
pedoman SCG serta ketentuan perundang-undangan                framework and applicable laws and regulations. The system
yang berlaku. Sistem ini dilengkapi dengan mekanisme          is equipped with a whistleblower protection mechanism,
perlindungan bagi pelapor, sehingga setiap laporan dapat      ensuring that all reports are handled objectively without
ditindaklanjuti secara objektif tanpa menimbulkan risiko      exposing the reporter to any risk of retaliation.
bagi pihak yang melaporkan.


Melalui keberadaan WBS, Perseroan berupaya menciptakan        Through the WBS, the Company seeks to foster a
lingkungan kerja yang transparan, akuntabel, dan              transparent, accountable, and ethics-based working
berlandaskan nilai-nilai etika. Selain itu, sistem ini juga   environment. In addition, this system strengthens the
memperkuat budaya kepatuhan di seluruh lini organisasi,       culture of compliance across all levels of the organization
sekaligus memastikan bahwa integritas tetap menjadi           while ensuring that integrity remains the fundamental
fondasi utama dalam setiap aktivitas usaha Perseroan.         foundation of all business activities.


Cara Penyampaian Laporan Pelanggaran
Whistleblowing Reporting Mechanism
Perseroan menyediakan saluran resmi bagi karyawan             The Company provides an official channel for employees
maupun pihak eksternal untuk menyampaikan dugaan              and external parties to report suspected violations of laws,
pelanggaran hukum, ketidakpatuhan terhadap peraturan,         regulatory non-compliance, or breaches of the Code of Ethics.
atau pelanggaran Kode Etik. Pelapor diberikan kebebasan       Reporters are given the option to disclose their identity or
untuk mengungkapkan identitasnya atau tetap anonim.           remain anonymous. Reports may be submitted through the
Laporan pelanggaran dapat disampaikan melalui alamat          designated email address as stated below:
email, sebagaimana tercantum di bawah ini:


     Informasi Kontak Pelaporan
     Contact Information for Reporting

     audit@pt-kokoh.com




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                                              TATA KELOLA PERUSAHAAN
                                              Good Corporate Governance




      Perlindungan bagi Pelapor
      Protection for Whistleblowers
      Perseroan memastikan setiap individu yang menyampaikan              The Company ensures that every individual submitting a
      laporan pelanggaran memperoleh perlindungan penuh                   report of misconduct receives full protection of their rights.
      atas hak-haknya. Mekanisme ini dijalankan melalui prinsip           This mechanism is implemented based on the principle of
      kerahasiaan (confidentiality), baik ketika pelapor bertindak        confidentiality, whether the whistleblower acts as a witness,
      sebagai saksi, memberikan keterangan, maupun saat                   provides testimony, or cooperates with law enforcement
      bekerja sama dengan aparat penegak hukum atau lembaga               authorities or government institutions in legal proceedings.
      pemerintah dalam proses hukum. Bentuk perlindungan yang             The forms of protection provided by the Company include:
      diberikan Perseroan mencakup:
      1. Perlindungan berupa anonimitas, yakni menjaga                    1. Anonymity protection, namely safeguarding the
          kerahasiaan identitas pelapor termasuk data pribadi                confidentiality of the whistleblower’s identity, including
          yang dapat digunakan untuk menghubunginya.                         personal data that could be used to identify or contact them.
      2. Perlindungan dari tindakan balasan, baik oleh terlapor           2. Protection against retaliation, whether from the
          maupun pihak lain yang memiliki kepentingan.                       reported party or any other interested party.
      3. Perlindungan atas keselamatan dan hak-hak pelapor,               3. Protection of the whistleblower’s safety and
          mencakup ancaman fisik, tekanan psikologis, gangguan               rights, including protection from physical threats,
          terhadap hak sebagai pegawai, tuntutan hukum yang                  psychological pressure, interference with employment
          tidak berdasar, maupun risiko terhadap harta benda                 rights, unfounded legal claims, and risks to personal
          hingga tindakan fisik.                                             property, including physical harm.



      Penanganan Pengaduan
      Complaint Handling
      Perseroan menerapkan proses penanganan pengaduan                    The Company implements a complaint handling process
      yang secara garis besar terdiri atas tiga tahapan:                  consisting of three main stages:
      1. Identifikasi dan Verifikasi: Laporan yang masuk diidentifikasi   1. Identification and Verification: Incoming reports are
         dan diverifikasi untuk memastikan keabsahannya.                     identified and verified to ensure their validity.
      2. Investigasi: Laporan yang telah terverifikasi ditindaklanjuti    2. Investigation: Verified reports are followed up through an
         melalui proses investigasi oleh tim pengelola WBS.                  investigation process conducted by the WBS management
                                                                             team.
      3. Penetapan Sanksi: Jika terbukti terjadi pelanggaran,             3. Sanction Determination: If a violation is proven, the
         Perseroan menjatuhkan sanksi sesuai ketentuan dan                   Company imposes sanctions in accordance with applicable
         mekanisme yang berlaku, dengan mempertimbangkan                     regulations and mechanisms, taking into account the type
         jenis dan tingkat pelanggaran.                                      and severity of the misconduct.


      Melalui mekanisme WBS, pelapor dapat menyampaikan                   Through the WBS mechanism, whistleblowers may submit
      berbagai jenis pengaduan, antara lain:                              various types of complaints, including:
      1. Pelanggaran peraturan perundang-undangan                         1. Violations of laws and regulations
      2. Pelanggaran Kode Etik Perseroan                                  2. Breaches of the Company’s Code of Ethics
      3. Ketidakpatuhan terhadap prinsip akuntansi yang                   3. Non-compliance with generally accepted accounting
         berlaku umum                                                         principles
      4. Pelanggaran kebijakan dan prosedur operasional                   4. Violations of operational policies and procedures
      5. Tindakan kecurangan atau penyalahgunaan lainnya                  5. Fraud or other forms of misconduct


      Seluruh laporan yang diterima diproses secara profesional           All reports received are professionally processed by the
      oleh Kepala Audit Internal sesuai dengan prosedur                   Head of Internal Audit in accordance with the applicable
      Whistleblowing System yang berlaku dan telah disepakati             Whistleblowing System procedures agreed upon by
      bersama oleh karyawan, mitra, serta pemasok barang dan jasa.        employees, business partners, and suppliers of goods
      Kemudian, Perseroan akan melaporkan setiap pelanggaran              and services. The Company then reports any material
      material terhadap pedoman etika dan perilaku kepada                 breaches of ethical standards and conduct to the Board of
      Dewan Komisaris dan komite yang terkait sesuai kebijakan            Commissioners and relevant committees in accordance with
      yang berlaku. Direksi memastikan seluruh pelanggaran                applicable policies. The Board of Directors ensures that all
      ditindaklanjuti dengan sanksi yang proporsional, sekaligus          violations are followed up with proportionate sanctions,
      menerapkan langkah preventif untuk mencegah terulangnya             while also implementing preventive measures to avoid
      kasus serupa di masa mendatang.                                     recurrence in the future.



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Pihak Pengelola Pengaduan
Complaint Management Authority
Pengelolaan Whistleblowing System berada di bawah             The Whistleblowing System is managed under the
tanggung jawab Unit Audit Internal, yang memastikan           responsibility of the Internal Audit Unit, which ensures that
setiap laporan pelanggaran ditangani secara menyeluruh        every report is handled comprehensively and objectively.
dan objektif. Unit ini berperan tidak hanya dalam             This unit is responsible not only for follow-up actions
menindaklanjuti laporan, tetapi juga dalam mengidentifikasi   but also for identifying root causes, particularly in cases
akar permasalahan, khususnya pada kasus yang berulang         that are recurring or systemic in nature. Based on its
atau bersifat sistemik. Dari hasil analisis tersebut,         analysis, the Internal Audit Unit prepares improvement
Unit Audit Internal menyusun rekomendasi perbaikan            recommendations that serve as the basis for the Company
yang menjadi dasar bagi Perseroan untuk melakukan             to adjust its policies and procedures, thereby minimizing
penyesuaian kebijakan maupun prosedur, sehingga potensi       the potential for recurrence of similar violations.
terulangnya pelanggaran dapat diminimalkan.


Hasil Penanganan Pengaduan
Outcome of Complaint Handling
Perseroan tidak menerima laporan dugaan pelanggaran           The Company did not receive any reports of alleged
melalui mekanisme Whistleblowing System (WBS) selama          misconduct through the Whistleblowing System (WBS)
tahun 2025, sehingga tidak terdapat laporan pengaduan         during 2025; therefore, no complaint cases required follow-
yang perlu ditindaklanjuti.                                   up action during the reporting period.




Kebijakan AntiKorupsi
Anti-corruption Policy
[IDX G-07]


Perseroan menegaskan komitmennya untuk mencegah               The Company affirms its commitment to preventing all
segala bentuk praktik korupsi dalam kegiatan usaha.           forms of corruption in its business activities. Corruption is
Korupsi dipahami sebagai tindakan penyuapan dalam             understood as bribery in various forms, including the offering,
berbagai bentuk, baik berupa pemberian, janji, persetujuan,   promise, approval, request, or acceptance of money, assets,
permintaan, maupun penerimaan uang, aset, atau                or other benefits to or from parties with authority.
keuntungan lain yang ditujukan kepada atau dari pihak
yang memiliki kewenangan.


Mengacu pada pedoman yang ditetapkan oleh SCG, Perseroan      Referring to the guidelines established by SCG, the Company
telah menyusun tanggung jawab, aturan, serta mekanisme        has developed appropriate and effective responsibilities,
operasional yang tepat dan efektif guna mencegah              rules, and operational mechanisms to prevent the occurrence
terjadinya korupsi. Setiap keputusan bisnis yang berpotensi   of corruption. Any business decision that may pose a risk of
menimbulkan risiko praktik korupsi ditinjau secara cermat     corrupt practices is carefully reviewed to ensure alignment
agar tetap sejalan dengan prinsip kehati-hatian.              with the principle of prudence.


Sebagai bagian dari SCG, Perseroan menjalankan aktivitas      As part of SCG, the Company conducts its business activities
usaha dengan integritas tinggi dan berorientasi pada          with high integrity and with a strong orientation toward the
kepentingan masyarakat serta pemangku kepentingan.            interests of society and stakeholders. All employees are
Seluruh insan Perseroan dilarang keras terlibat dalam         strictly prohibited from engaging in any form of corruption,
praktik korupsi, baik secara langsung maupun melalui          whether directly or indirectly through third parties. This
pihak lain. Kebijakan ini ditinjau secara berkala dan         policy is reviewed periodically and updated in line with
diperbarui sesuai dinamika lingkungan bisnis agar tetap       business environment dynamics to ensure its continued
relevan dan efektif dalam mendukung implementasi              relevance and effectiveness in supporting corporate
governansi korporat.                                          governance implementation.




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                                             TATA KELOLA PERUSAHAAN
                                             Good Corporate Governance




      Sosialisasi Program Antikorupsi
      Socialization of the Anti-Corruption Program
      Perseroan menempatkan kegiatan sosialisasi sebagai bagian          The Company places socialization activities as an essential
      penting dalam memastikan kebijakan antikorupsi dipahami            element in ensuring that the anti-corruption policy is
      dan dijalankan secara konsisten di seluruh unit kerja.             understood and consistently implemented across all
                                                                         business units.


      Berbagai    saluran     komunikasi      dimanfaatkan   untuk       Various communication channels are utilized to disseminate
      menyebarkan kebijakan antikorupsi, mulai dari program              the anti-corruption policy, ranging from orientation
      orientasi bagi Direksi dan karyawan baru, pelatihan tematik,       programs for Directors and new employees, thematic
      seminar, hingga kegiatan internal di lingkungan kerja.             training sessions, seminars, to internal workplace activities.
      Pemanfaatan platform online juga menjadi bagian dari strategi      The use of online platforms is also part of the communication
      komunikasi, agar penyampaian informasi dapat dilakukan             strategy, enabling information to be delivered more quickly,
      dengan lebih cepat, efektif, efisien, dan menjangkau seluruh       efficiently, and effectively, and to reach all employees
      karyawan tanpa terbatas waktu dan tempat.                          without limitations of time and location.


      Selain memberikan pemahaman mengenai bentuk-bentuk                 In addition to providing an understanding of the forms of
      korupsi dan risiko yang mungkin timbul, Perseroan juga             corruption and associated risks, the Company also emphasizes
      menekankan prosedur pelaporan agar setiap individu                 reporting procedures so that every individual understands the
      mengetahui langkah yang harus ditempuh bila menemukan              steps to be taken when identifying potential violations. Open
      indikasi pelanggaran. Diskusi terbuka dengan atasan, Komite        discussions with supervisors, the Audit Committee, and the
      Audit, maupun Kepala Unit Audit Internal turut didorong            Head of Internal Audit Unit are also encouraged as part of
      sebagai sarana memperkuat penerapan kebijakan ini.                 strengthening the implementation of this policy.


      Kebijakan Anti-fraud dan Pengendalian Gratifikasi
      Anti-Fraud Policy and Gratification Control
      Sebagai bagian dari kebijakan anti korupsi, Perseroan juga         As part of its anti-corruption framework, the Company
      menegaskan komitmen untuk mencegah segala bentuk                   also reaffirms its commitment to preventing all forms
      fraud dan gratifikasi. Seluruh insan Perseroan diwajibkan          of fraud and gratification. All employees are required to
      menjunjung tinggi integritas, menolak praktik yang tidak           uphold integrity, reject unethical practices, and avoid both
      etis, serta menghindari pemberian maupun penerimaan                the giving and receiving of gratification that may create
      gratifikasi yang berpotensi menimbulkan konflik kepentingan.       conflicts of interest.


      Kode Etik Perseroan berfungsi sebagai pedoman perilaku             The Company’s Code of Ethics serves as a behavioral
      yang membentuk budaya kerja bersih, transparan, dan                guideline that fosters a clean, transparent, and accountable
      akuntabel. Melalui sosialisasi berkelanjutan dan pembinaan         work culture. Through continuous socialization and internal
      internal, setiap karyawan dibekali pemahaman mengenai              guidance, employees are equipped with an understanding
      tanggung jawabnya dalam menjaga reputasi perusahaan                of their responsibilities in safeguarding the Company’s
      serta memperkuat kepercayaan pemangku kepentingan.                 reputation and strengthening stakeholder trust.




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Kebijakan Benturan Kepentingan
Dewan Komisaris dan Direksi
Conflict of Interest Policy for the Board of Commissioners
and Board of Directors
[IDX G-09]



Perseroan memiliki komitmen untuk mencegah dan                 The Company is committed to preventing and managing
mengelola potensi benturan kepentingan yang mungkin            potential conflicts of interest that may arise in the
timbul dalam pelaksanaan tugas Dewan Komisaris maupun          execution of duties by the Board of Commissioners and
Direksi. Kebijakan ini bertujuan memastikan bahwa              the Board of Directors. This policy aims to ensure that all
setiap keputusan dan tindakan yang diambil senantiasa          decisions and actions are consistently based on the best
berlandaskan pada kepentingan terbaik Perseroan, bukan         interests of the Company, rather than personal or specific
kepentingan pribadi atau pihak tertentu. Dewan Komisaris       party interests. Members of the Board of Commissioners
dan Direksi diwajibkan mengungkapkan secara transparan         and the Board of Directors are required to transparently
setiap hubungan, transaksi, atau kondisi yang berpotensi       disclose any relationships, transactions, or conditions
menimbulkan benturan kepentingan, serta menjaga                that may give rise to conflicts of interest, and to maintain
objektivitas dalam setiap pengambilan keputusan.               objectivity in every decision-making process.




Kebijakan Pencegahan Insider Trading
Insider Trading Prevention Policy
[IDX G-08]


Perseroan berkomitmen menjaga integritas pasar modal           The Company is committed to safeguarding capital
dan kepercayaan investor melalui penerapan kebijakan           market integrity and investor confidence through the
pencegahan praktik Insider Trading. Setiap pihak yang          implementation of an insider trading prevention policy.
memiliki akses terhadap informasi material diwajibkan          Any party with access to material information is required to
menjaga kerahasiaan serta memastikan pemanfaatan data          maintain confidentiality and ensure that such information
semata-mata untuk kepentingan Perseroan.                       is used solely for the Company’s interests.




Kebijakan Pemenuhan Hak-Hak Kreditur
Policy on the Fulfillment of Creditors’ Rights

Pemenuhan hak-hak kreditur merupakan bagian penting            The fulfillment of creditors’ rights constitutes an integral
dari praktik governansi korporasi yang dijalankan Perseroan.   part of the Company’s corporate governance practices.
Upaya ini diwujudkan melalui pelaksanaan kewajiban finansial   This commitment is demonstrated through the timely,
maupun non-finansial secara tepat waktu, transparan, dan       transparent, and compliant execution of both financial and
sesuai dengan ketentuan hukum yang berlaku.                    non-financial obligations in accordance with applicable laws
                                                               and regulations.




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                                              TATA KELOLA PERUSAHAAN
                                              Good Corporate Governance




      Kreditur dipandang sebagai mitra strategis yang berperan            Creditors are regarded as strategic partners who play an
      penting dalam mendukung keberlanjutan usaha. Perseroan              important role in supporting business sustainability. The
      memastikan setiap perjanjian dan kewajiban yang timbul              Company ensures that all agreements and obligations
      dari hubungan dengan kreditur dijalankan dengan disiplin            arising from its relationships with creditors are carried out
      dan penuh tanggung jawab.                                           with discipline and full responsibility.


      Untuk memperkuat kepercayaan, Perseroan menyediakan                 To strengthen trust, the Company provides access to accurate
      akses informasi keuangan yang akurat dan relevan, serta             and relevant financial information and implements open
      menerapkan mekanisme komunikasi yang terbuka agar                   communication mechanisms, enabling any issues or potential
      setiap isu atau potensi risiko dapat segera diidentifikasi dan      risks to be promptly identified and properly addressed.
      ditangani dengan baik.




      Kebijakan Seleksi Pemasok
      Supplier Selection Policy

      Perseroan menerapkan kebijakan seleksi pemasok                      The Company implements a supplier selection policy based
      berdasarkan prinsip transparansi, akuntabilitas, dan                on the principles of transparency, accountability, and
      kesetaraan. Ketentuan ini tercermin dalam Kode Etik                 fairness. These principles are reflected in the Company’s
      Perseroan, khususnya pada bagian Etika Bisnis yang                  Code of Ethics, particularly in the Business Ethics section
      mengatur hubungan dengan pemasok dan vendor. Seluruh                governing relationships with suppliers and vendors. All
      proses seleksi dijalankan secara profesional dan bebas              selection processes are conducted professionally and are
      dari konflik kepentingan.                                           free from conflicts of interest.


      Sebagai bagian dari SCG Group, Perseroan juga                       As part of the SCG Group, the Company also adheres to
      berpedoman pada SCG Supplier Code of Conduct yang                   the SCG Supplier Code of Conduct as a common business
      menjadi standar bisnis bersama. Pedoman tersebut                    standard. This guideline encompasses five main principles:
      mencakup lima prinsip utama:
      1. Etika Bisnis: Menjalankan usaha dengan jujur, adil,              1.   Business Ethics: Conducting business honestly and
         menyampaikan informasi yang benar dan lengkap,                        fairly, providing accurate and complete information,
         menjaga kerahasiaan, serta menghormati hak kekayaan                   maintaining confidentiality, and respecting the
         intelektual pihak lain.                                               intellectual property rights of others.
      2. Tenaga Kerja dan Hak Asasi Manusia: Tidak melakukan              2.   Labor and Human Rights: Prohibiting discrimination,
         diskriminasi, melindungi pekerja anak, perempuan, dan                 protecting child labor, women, and foreign workers,
         pekerja asing, menolak kerja paksa, serta memastikan                  rejecting forced labor, and ensuring fair wages, benefits,
         upah, manfaat, dan periode kerja yang adil.                           and working hours.
      3. Kesehatan      dan     Keselamatan     Kerja:     Menjaga        3.   Occupational Health and Safety: Maintaining a hygienic
         lingkungan kerja higienis dan aman, mengendalikan                     and safe working environment, controlling risks of
         risiko kecelakaan maupun dampak kesehatan, serta                      accidents and health impacts, and providing adequate
         menyediakan peralatan pelindung diri yang memadai.                    personal protective equipment.
      4. Lingkungan: Menjalankan usaha dengan memperhatikan               4.   Environment:      Conducting      business   with    due
         dampak terhadap sumber daya alam dan lingkungan                       consideration for the impact on natural resources and
         sesuai prinsip 3R (reduce, reuse/recycle, replenish).                 the environment in line with the 3R principles (reduce,
                                                                               reuse/recycle, replenish).
      5. Hukum dan Peraturan: Mematuhi seluruh hukum, aturan,             5.   Laws and Regulations: Complying with all applicable
         dan regulasi yang berlaku.                                            laws, rules, and regulations.




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Kebijakan Komunikasi
dengan Pemegang Saham
Shareholder Communication Policy
[IDX G-08]



Hubungan dengan pemegang saham dijaga melalui praktik               The Company maintains its relationship with shareholders
komunikasi yang efektif sebagai landasan kepercayaan dan            through effective communication practices as a foundation
reputasi Perseroan. Informasi yang disampaikan dirancang            for trust and corporate reputation. The information provided
agar jelas, akurat, dan bebas dari distorsi, sehingga               is designed to be clear, accurate, and free from distortion,
pemegang saham memiliki dasar yang memadai untuk                    enabling shareholders to have an adequate basis for assessing
menilai kinerja serta arah kebijakan Perseroan.                     the Company’s performance and strategic direction.


Kebijakan ini bertujuan memastikan bahwa komunikasi                 This policy aims to ensure that communication is conducted
dilakukan secara konsisten dan profesional, dengan                  consistently and professionally, emphasizing the principles
menekankan prinsip keterbukaan serta kesetaraan akses               of transparency and equal access to material information.
terhadap informasi material. Melalui praktik komunikasi             Through structured communication practices, the Company
yang terstruktur, Perseroan berupaya memperkuat citra               seeks to strengthen its corporate image, enhance shareholder
perusahaan, meningkatkan nilai bagi pemegang saham, dan             value, and support informed investment decision-making.
mendukung pengambilan keputusan investasi yang tepat.


Pelaksanaan komunikasi dengan pemegang saham dijalankan             The implementation of communication with shareholders
oleh Direksi dan Sekretaris Perusahaan sesuai dengan                is carried out by the Board of Directors and the Corporate
kewenangan masing-masing. Dalam praktiknya, Sekretaris              Secretary in accordance with their respective authorities.
Perusahaan berfungsi sebagai penghubung utama yang                  In practice, the Corporate Secretary acts as the primary
memastikan informasi dari dan kepada pemegang saham                 liaison, ensuring that information flows effectively to and
tersampaikan dengan lancar melalui mekanisme yang                   from shareholders through transparent mechanisms and in
transparan serta sesuai dengan ketentuan regulator.                 compliance with regulatory requirements.




Kebijakan Perlindungan Data Pribadi
Personal Data Protection Policy

Perlindungan data pribadi merupakan bagian penting dari             The protection of personal data is an essential part of the
komitmen Perseroan dalam menjaga kepercayaan seluruh                Company’s commitment to maintaining the trust of all
pemangku kepentingan. Kebijakan ini disusun dengan                  stakeholders. This policy is established with reference
mengacu pada Undang-Undang No. 27 Tahun 2022 tentang                to Law No. 27 of 2022 on Personal Data Protection, as
Pelindungan Data Pribadi serta prinsip tata kelola yang             well as governance principles that emphasize fairness,
menekankan keadilan, transparansi, akuntabilitas, dan               transparency, accountability, and compliance with applicable
kepatuhan terhadap ketentuan hukum.                                 legal provisions.


Dalam pelaksanaannya, Perseroan menjamin kerahasiaan,               In its implementation, the Company ensures the confidentiality,
integritas, dan keamanan data pribadi yang dimiliki oleh            integrity, and security of personal data belonging to employees,
karyawan, pelanggan, maupun mitra usaha. Pengelolaan                customers, and business partners. Data management
dilakukan dengan membedakan antara data pribadi umum,               distinguishes between general personal data, such as basic
seperti identitas dasar dan informasi kontak, dengan data pribadi   identity and contact information, and sensitive personal data,
sensitif, termasuk data kesehatan, biometrik, dan keuangan.         including health, biometric, and financial data.




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                                                TATA KELOLA PERUSAHAAN
                                                Good Corporate Governance




      Penerapan atas Pedoman Governansi Korporat
      Implementation of Corporate Governance Guidelines

      Perseroan berkomitmen untuk mematuhi ketentuan yang                          The Company is committed to complying with the provisions
      diatur dalam POJK No. 21/POJK.04/2015 serta SEOJK No.                        set forth in OJK Regulation No. 21/POJK.04/2015 and OJK
      32/SEOJK.04/2015 mengenai Tata Kelola Perusahaan                             Circular Letter No. 32/SEOJK.04/2015 concerning Corporate
      Publik. Komitmen ini diwujudkan melalui berbagai inisiatif                   Governance for Public Companies. This commitment is
      yang memastikan seluruh kegiatan operasional Perseroan                       demonstrated through various initiatives to ensure that all of the
      dijalankan secara transparan, akuntabel, dan bertanggung                     Company’s operational activities are conducted in a transparent,
      jawab. Perseroan menyajikan tabel yang memuat prinsip,                       accountable, and responsible manner. The Company presents
      rekomendasi, serta penerapan governansi korporat sepanjang                   a table outlining the principles, recommendations, and
      tahun 2025 dengan menggunakan pendekatan comply and                          implementation of corporate governance throughout 2025
      explain, sebagai berikut:                                                    using a comply and explain approach, as follows:

              Prinsip                            Rekomendasi OJK                          Keterangan                     Penjelasan
             Principle                         OJK Recommendations                          Notes                        Explanation

       A. Hubungan Perseroan dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
       A. The Company’s Relationship with Shareholders in Safeguarding Shareholders’ Rights

       Prinsip 1               Perseroan memiliki cara atau prosedur teknis               Terpenuhi    Prosedur teknis pengumpulan suara tercantum
       Meningkatkan Nilai      pengumpulan suara (voting) baik secara terbuka maupun      Fulfilled    dalam tata tertib RUPS.
       Penyelenggaraan         tertutup yang mengedepankan independensi, dan                           The technical procedures for voting are set forth
       Rapat Umum              kepentingan pemegang saham.                                             in the rules of procedure for the GMS.
       Pemegang Saham          The Company has established technical procedures
       (RUPS).                 for voting—whether open or closed—that prioritize
       Principle 1             independence and the interests of shareholders.
       Enhancing the Quality
       of General Meeting of   Seluruh anggota Direksi dan anggota Dewan Komisaris        Belum        Beberapa anggota Direksi dan Dewan Komisaris
       Shareholders            Perseroan hadir dalam RUPS Tahunan.                        Terpenuhi    berhalangan hadir dengan alasan yang
       (GSM).                  All members of the Company’s Board of Directors and        Not Yet      diperkenankan regulasi.
                               Board of Commissioners attended the Annual General         Fulfilled    Several members of the Board of Directors and
                               Meeting of Shareholders.                                                the Board of Commissioners were unable to
                                                                                                       attend for reasons permitted by regulation.

                               Ringkasan risalah RUPS tersedia dalam Situs Web            Terpenuhi    Risalah RUPS 1 tahun terakhir telah dipublikasikan
                               Perusahaan Terbuka paling sedikit selama 1 (satu) tahun.   Fulfilled    melalui situs web Perseroan.
                               A summary of the minutes of the GMS is available on                     The minutes of the GMS for the past year have
                               the Company’s website for at least 1 (one) year.                        been published on the Company’s website.

       Prinsip 2               Memiliki suatu kebijakan komunikasi dengan                 Terpenuhi    Perseroan      telah   menerapkan kebijakan
       Meningkatkan Kualitas   pemegang saham atau investor.                              Fulfilled    komunikasi kepada pemegang saham.
       Komunikasi Perseroan    Have a communication policy for shareholders or                         The Company has implemented a communication
       dengan Pemegang         investors.                                                              policy for shareholders.
       Saham atau Investor.
       Principle 2             Mengungkapkan kebijakan komunikasi Perseroan dalam         Terpenuhi    Telah dilaksanakan.
       Improving the Quality   situs web.                                                 Fulfilled    Implemented.
       of the Company’s        Disclosing the Company’s communication policy on its
       Communication with      website.
       Shareholders or
       Investors.

       B. Fungsi dan Peran Dewan Komisaris
       B. Functions and Roles of the Board of Commissioners

       Prinsip 3               Penentuanjumlah      anggota     Dewan      Komisaris      Terpenuhi    Perseroan telah memenuhi ketentuan dalam
       Memperkuat              mempertimbangkan kondisi Perseroan.                        Fulfilled    Pasal 20 No. 33/POJK.04/2014 yaitu jumlah
       Keanggotaan dan         The number of members of the Board of Commissioners is                  anggota Dewan Komisaris lebih dari 2 (dua)
       Komposisi Dewan         determined based on the Company’s circumstances.                        orang.
       Komisaris.                                                                                      The Company has complied with the provisions
       Principle 3                                                                                     of Article 20 of OJK Regulation No. 33/
       Strengthening                                                                                   POJK.04/2014, which require the Board of
       the Membership                                                                                  Commissioners to consist of more than 2 (two)
       and Composition                                                                                 members.
       of the Board of
       Commissioners.          Penentuan komposisi anggota Dewan Komisaris                Terpenuhi    Komposisi     Dewan     Komisaris     ditentukan
                               memperhatikan keberagaman keahlian, pengetahuan,           Fulfilled    berdasarkan        keberagaman           keahlian,
                               dan pengalaman yang dibutuhkan.                                         pengetahuan, pengalaman, serta kondisi dan
                               The composition of the Board of Commissioners is                        kompleksitas bisnis Perseroan.
                               determined with a view to ensuring the diversity of                     The composition of the Board of Commissioners
                               expertise, knowledge, and experience required.                          is determined based on the diversity of expertise,
                                                                                                       knowledge, and experience, as well as the nature
                                                                                                       and complexity of the Company’s business.


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        Prinsip                            Rekomendasi OJK                         Keterangan                      Penjelasan
       Principle                         OJK Recommendations                         Notes                         Explanation

Prinsip 4                Dewan Komisaris mempunyai kebijakan penilaian             Terpenuhi    Penilaian kinerja Dewan Komisaris dilaksanakan
Meningkatkan Kualitas    sendiri (self-assessment) untuk menilai kinerja Dewan     Fulfilled    melalui metode self-assessment sebagaimana
Pelaksanaan Tugas        Komisaris.                                                             telah diatur peraturan dan perundang-undangan
dan Tanggung Jawab       The Board of Commissioners has a self-assessment                       yang berlaku.
Dewan Komisaris.         policy to evaluate the performance of the Board of                     The performance evaluation of the Board of
Principle 4              Commissioners.                                                         Commissioners is conducted through a self-
Improving the                                                                                   assessment method, as provided for by applicable
Quality of the Board                                                                            regulations and laws.
of Commissioners’
Performance of Duties    Kebijakan penilaian sendiri (self-assessment) untuk       Terpenuhi    Perseroan telah menjelaskan hal ini pada Laporan
and Responsibilities.    menilai kinerja Dewan Komisaris, diungkapkan melalui      Fulfilled    Tahunan 2025 Bab Governansi Korporat Subbab
                         Laporan Tahunan Perseroan.                                             Penilaian Kinerja Dewan Komisaris dan Direksi.
                         The self-assessment policy for evaluating the                          The Company has addressed this matter in
                         performance of the Board of Commissioners is                           the 2025 Annual Report, under the Corporate
                         disclosed in the Company’s Annual Report.                              Governance section, in the subsection on
                                                                                                the Performance Assessment of the Board of
                                                                                                Commissioners and the Board of Directors.

                         Dewan Komisaris mempunyai kebijakan terkait               Terpenuhi    Perseroan berkomitmen menjaga integritas
                         pengunduran diri anggota Dewan Komisaris apabila          Fulfilled    dengan mendorong anggota Dewan Komisaris
                         terlibat dalam kejahatan keuangan.                                     untuk mengundurkan diri jika terlibat dalam
                         The Board of Commissioners has a policy regarding the                  kejahatan keuangan.
                         resignation of Board members if they are involved in                   The Company is committed to upholding integrity
                         financial crimes.                                                      by encouraging members of the Board of
                                                                                                Commissioners to resign if they are involved in
                                                                                                financial crimes.

                         Dewan Komisaris atau Komite yang menjalankan fungsi       Terpenuhi    Komite Nominasi dan Remunerasi bertanggung
                         Nominasi dan Remunerasi menyusun kebijakan suksesi        Fulfilled    jawab untuk menyusun kebijakan suksesi Direksi.
                         dalam proses Nominasi anggota Direksi.                                 The Nomination and Compensation Committee is
                         The Board of Commissioners or the committee                            responsible for developing the Board of Directors’
                         responsible for nomination and compensation matters                    succession policy.
                         establishes succession policies as part of the process
                         for nominating members of the Board of Directors.

C. Fungsi dan Peran Direksi
C. Functions and Roles of the Board of Directors

Prinsip 5                Penentuan jumlah Anggota Direksi mempertimbangkan         Terpenuhi    Perseroan telah memenuhi ketentuan Pasal 2
Memperkuat               kondisi Perseroan serta efektivitas dalam pengambilan     Fulfilled    POJK No. 33/POJK.04/2014 yaitu paling kurang
Keanggotaan dan          keputusan.                                                             terdiri dari 2 (dua) orang anggota Direksi.
Komposisi Direksi.       The determination of the number of members of the                      The Company has complied with the provisions
Principle 5              Board of Directors takes into account the Company’s                    of Article 2 of POJK No. 33/POJK.04/2014, which
Strengthening            circumstances and the effectiveness of decision-                       stipulates that the Board of Directors must
Membership and the       making.                                                                consist of at least 2 (two) members.
Composition of the
Board of Directors.      Penentuan komposisi anggota Direksi memperhatikan         Terpenuhi    Komposisi Direksi ditentukan berdasarkan
                         keberagaman keahlian, pengetahuan, dan pengalaman         Fulfilled    keberagaman keahlian, pengetahuan, pengalaman,
                         yang dibutuhkan.                                                       serta kondisi dan kompleksitas bisnis Perseroan.
                         The composition of the Board of Directors is determined                The composition of the Board of Directors is
                         with a view to ensuring the diversity of expertise,                    determined based on the diversity of expertise,
                         knowledge, and experience required.                                    knowledge, and experience, as well as the nature
                                                                                                and complexity of the Company’s business.

                         Anggota Direksi yang membawahi bidang akuntansi           Terpenuhi    Direktur yang membawahi bidang akuntansi atau
                         atau keuangan memiliki keahlian dan/atau pengetahuan      Fulfilled    keuangan memiliki latar belakang pendidikan di
                         di bidang akuntansi.                                                   bidang akuntansi dan keuangan.
                         A member of the Board of Directors responsible for                     The director in charge of accounting or finance
                         accounting or finance has expertise and/or knowledge                   has an educational background in accounting
                         in the field of accounting.                                            and finance.

Prinsip 6                Direksi mempunyai kebijakan penilaian sendiri (self-      Terpenuhi    Penilaian kinerja Direksi dilaksanakan melalui
Meningkatkan Kualitas    assessment) untuk menilai kinerja Direksi.                Fulfilled    metode self-assessment sebagaimana telah diatur
Pelaksanaan Tugas        The Board of Directors has a self-assessment policy to                 peraturan dan perundang-undangan yang berlaku.
dan Tanggung Jawab       evaluate its own performance.                                          The performance evaluation of the Board
Direksi.                                                                                        of Directors is conducted through a self-
Principle 6                                                                                     assessment method, as stipulated by applicable
Improving the                                                                                   regulations and laws.
Quality of the
Board of Directors’      Kebijakan penilaian sendiri (self-assessment) untuk       Terpenuhi    Perseroan telah menjelaskan hal ini pada Laporan
Performance of Duties    menilai kinerja Direksi diungkapkan melalui Laporan       Fulfilled    Tahunan 2025 Bab Governansi Korporat Subbab
and Responsibilities     Tahunan Perseroan.                                                     Penilaian Kinerja Dewan Komisaris dan Direksi.
                         The self-assessment policy for evaluating the                          The Company has addressed this matter in
                         performance of the Board of Directors is disclosed in                  the 2025 Annual Report, under the Corporate
                         the Company’s annual report.                                           Governance section, in the subsection on
                                                                                                the Performance Assessment of the Board of
                                                                                                Commissioners and the Board of Directors.


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                                              TATA KELOLA PERUSAHAAN
                                              Good Corporate Governance




             Prinsip                           Rekomendasi OJK                          Keterangan                     Penjelasan
            Principle                        OJK Recommendations                          Notes                        Explanation

                             Direksi mempunyai kebijakan terkait pengunduran            Terpenuhi    Perseroan berkomitmen menjaga integritas
                             diri anggota Direksi apabila terlibat dalam kejahatan      Fulfilled    dengan mendorong anggota Direksi untuk
                             keuangan.                                                               mengundurkan diri jika terlibat dalam kejahatan
                             The Board of Directors has a policy regarding the                       keuangan.
                             resignation of Board members if they are involved in                    The Company is committed to upholding
                             financial crimes.                                                       integrity by encouraging members of the Board
                                                                                                     of Directors to resign if they are involved in
                                                                                                     financial crimes.

      D. Partisipasi Pemangku Kepentingan
      D. Stakeholder Participation

      Prinsip 7              Perseroan memiliki kebijakan untuk mencegah                Terpenuhi    Perseroan telah menerapkan kebijakan terkait
      Meningkatkan           terjadinya insider trading.                                Fulfilled    pencegahan praktik Insider Trading.
      Aspek Tata Kelola      The Company has a policy to prevent insider trading.                    The Company has implemented policies regarding
      Perusahaan melalui                                                                             the prevention of insider trading.
      Partisipasi Pemangku
      Kepentingan.           Perseroan memiliki kebijakan antikorupsi dan anti-fraud.   Terpenuhi    Perseroan     telah     menerapkan   kebijakan
      Principle 7            The Company has anti-corruption and anti-fraud policies.   Fulfilled    Antikorupsi dan Anti-fraud.
      Improving Corporate                                                                            The Company has implemented an Anti-Corruption
      Governance through                                                                             and Anti-Fraud Policy.
      Stakeholder
                             Perseroan memiliki kebijakan tentang seleksi dan           Terpenuhi    Perseroan menerapkan kebijakan seleksi
      Participation.
                             peningkatan kemampuan pemasok atau vendor.                 Fulfilled    pemasok dengan berpedoman pada Kode
                             The Company has a policy regarding the selection and                    Etik, khususnya pada bagian Etika Bisnis yang
                             development of suppliers or vendors.                                    mengatur etika karyawan terhadap pemasok.
                                                                                                     The Company implements a supplier selection
                                                                                                     policy in accordance with the Code of Ethics,
                                                                                                     specifically the section on Business Ethics, which
                                                                                                     governs employee conduct toward suppliers.

                             Perseroan memiliki kebijakan tentang pemenuhan hak-        Terpenuhi    Perseroan    menerapkan       kebijakan  tentang
                             hak kreditur.                                              Fulfilled    pemenuhan hak-hak kreditur, dengan berpedoman
                             The Company has a policy regarding the fulfillment of                   pada Kode Etik. Hubungan dengan kreditur selalu
                             creditors’ rights.                                                      diupayakan untuk dijalankan oleh Perseroan
                                                                                                     secara profesional dan saling menguntungkan
                                                                                                     The Company implements a policy regarding
                                                                                                     the fulfillment of creditors’ rights, guided by
                                                                                                     the Code of Ethics. The Company strives to
                                                                                                     maintain professional and mutually beneficial
                                                                                                     relationships with its creditors.

                             Perseroan memiliki kebijakan sistem whistleblowing.        Terpenuhi    Perseroan telah menggunakan mekanisme
                             The Company has a whistleblowing policy.                   Fulfilled    Whistleblowing System untuk menyelesaikan
                                                                                                     laporan pengaduan pelanggaran.
                                                                                                     The Company has implemented a whistleblowing
                                                                                                     system to address reports of violations.

                             Perseroan memiliki kebijakan Pemberian insentif jangka     Terpenuhi    Perseroan tidak memberikan insentif jangka
                             panjang kepada Direksi dan karyawan.                       Fulfilled    panjang dalam bentuk program kepemilikan
                             The Company has a policy of providing long-term                         saham (MESOP dan ESOP). Namun, Perseroan
                             incentives to the Board of Directors and employees.                     memberikan insentif jangka panjang kepada
                                                                                                     Direksi dalam bentuk fasilitas tempat tinggal dan
                                                                                                     kendaraan, sementara untuk karyawan diberikan
                                                                                                     fasilitas kendaraan. Pelaksanaan pemberian
                                                                                                     insentif jangka panjang ini diatur dalam kebijakan
                                                                                                     internal Perseroan.
                                                                                                     The Company does not provide long-term
                                                                                                     incentives in the form of stock ownership
                                                                                                     programs (MESOP and ESOP). However, the
                                                                                                     Company provides long-term incentives to the
                                                                                                     Board of Directors in the form of housing and
                                                                                                     vehicle benefits, while employees are provided
                                                                                                     with vehicle benefits. The implementation of
                                                                                                     these long-term incentives is governed by the
                                                                                                     Company’s internal policies.




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                                                                                                            PT Kokoh Inti Arebama Tbk




       Prinsip                           Rekomendasi OJK                          Keterangan                      Penjelasan
      Principle                        OJK Recommendations                          Notes                         Explanation

E. Keterbukaan Informasi
E. Freedom of Information

Prinsip 8               Perseroan memanfaatkan penggunaan teknologi               Terpenuhi    Sebagai media keterbukaan informasi dan
Meningkatkan            informasi secara lebih luas selain Situs Web sebagai      Fulfilled    komunikasi kepada para pemangku kepentingan,
Pelaksanaan             media keterbukaan informasi.                                           Perseroan telah memiliki sarana lain di samping
Keterbukaan             The Company makes broader use of information                           Situs Web Perseroan, yakni media sosial berupa
Informasi.              technology in addition to its website as a means of                    Instagram dan Facebook.
Principle 8             disclosing information.                                                As part of its commitment to information
Improving the                                                                                  disclosure and communication with stakeholders,
Implementation                                                                                 the Company has established additional
of Information                                                                                 channels beyond its corporate website, namely
Disclosure.                                                                                    social media platforms such as Instagram and
                                                                                               Facebook.

                        Laporan     Tahunan Perseroan mengungkapkan pemilik       Terpenuhi    Perseroan telah mengungkapkan pemilik manfaat
                        manfaat akhir dalam kepemilikan saham Perseroan paling    Fulfilled    akhir dalam kepemilikan saham perusahaan,
                        sedikit 5% (lima persen), selain pengungkapan pemilik                  paling sedikit 5% selain Pemegang Saham Utama
                        manfaat akhir dalam kepemilikan saham Perseroan                        dan Pengendali dalam Laporan Tahunan.
                        melalui pemegang saham utama dan pengendali.                           The Company’s Annual Report discloses the
                        The Company’s Annual Report discloses the ultimate                     ultimate beneficial owners holding at least
                        beneficial owners holding at least 5% (five percent) of                5% (five percent) of the Company’s shares,
                        the Company’s shares, in addition to the disclosure of                 in addition to the disclosure of the ultimate
                        the ultimate beneficial owners holding the Company’s                   beneficial owners holding the Company’s shares
                        shares through major and controlling shareholders.                     through major and controlling shareholders.




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      06
      Laporan
      Keberlanjutan
      Sustainability
      Report


      Sebagai bentuk dukungan terhadap pencapaian
      Tujuan Pembangunan Berkelanjutan (TPB),
      Perseroan mengembangkan strategi
      keberlanjutan yang berlandaskan penerapan
      aspek Lingkungan, Sosial, dan Tata Kelola (LST).
      As part of its support for achieving the Sustainable
      Development Goals (SDGs), the Company developed a
      sustainability strategy grounded in the implementation of
      Environmental, Social, and Governance (ESG) aspects,




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Laporan Tahunan & Laporan Keberlanjutan
    Annual Report & Sustainability Report   171
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                                                     LAPORAN KEBERLANJUTAN
                                                     Sustainability Report




      Tentang Laporan Keberlanjutan
      About the Sustainability Report

      Laporan Keberlanjutan PT Kokoh Inti Arebama Tbk untuk            The Sustainability Report of PT Kokoh Inti Arebama Tbk for
      Tahun Buku 2025 disusun secara terintegrasi dengan               the 2025 Fiscal Year is prepared in an integrated manner
      Laporan Tahunan 2025 dan dipublikasikan dalam satu               with the 2025 Annual Report and published as a single
      laporan terpadu. Pendekatan ini memastikan keselarasan           consolidated report. This approach ensures the alignment
      serta konsistensi informasi yang disajikan, sehingga tidak       and consistency of the information presented, thereby
      diperlukan pengulangan data antara Laporan Tahunan dan           eliminating the need for data duplication between the
      Laporan Keberlanjutan.                                           Annual Report and the Sustainability Report.


      Penyusunan laporan ini mengacu pada ketentuan Peraturan          The preparation of this report is based on the provisions
      Otoritas Jasa Keuangan (POJK) No.51/POJK.03/2017                 of Financial Services Authority (OJK) Regulation No. 51/
      mengenai Penerapan Keuangan Berkelanjutan bagi Lembaga           POJK.03/2017 regarding the Implementation of Sustainable
      Jasa Keuangan, Emiten, dan Perusahaan Publik (“POJK              Finance for Financial Services Institutions, Issuers, and
      51/2017”), serta Surat Edaran OJK No.16/SEOJK.04/2021            Public Companies (“POJK 51/2017”), as well as OJK Circular
      yang mengatur Bentuk dan Isi Laporan Tahunan Emiten atau         Letter No. 16/SEOJK.04/2021, which regulates the Form and
      Perusahaan Publik serta mengadaptasi panduan pelaporan           Content of Annual Reports of Issuers or Public Companies
      ESG sistem pelaporan IDX.                                        and adopts the IDX’s ESG reporting guidelines.


      Laporan ini memaparkan komitmen, arah kebijakan, dan strategi    This report outlines the Company’s commitments, policy
      keberlanjutan Perseroan dalam mendukung pertumbuhan              directions, and sustainability strategies in supporting long-
      bisnis jangka panjang dengan mempertimbangkan dampak             term business growth while considering the operational
      operasional terhadap aspek Lingkungan, Sosial, dan Tata Kelola   impacts on Environmental, Social, and Governance (ESG)
      (LST). Seluruh topik keberlanjutan yang dibahas merupakan        aspects. All sustainability topics discussed are material
      isu material yang relevan terhadap kinerja Perseroan sekaligus   issues relevant to the Company’s performance and are
      menjadi perhatian utama pemangku kepentingan dalam proses        key concerns for stakeholders in their decision-making
      pengambilan keputusan. Laporan ini juga merupakan bagian         processes. This report is also part of the Company’s
      dari strategi dan komitmen keberlanjutan Perseroan untuk         sustainability strategy and commitment to continue growing
      terus bertumbuh secara berkelanjutan dengan memberikan           sustainably while delivering value to all its stakeholders.
      nilai tambah bagi seluruh pemangku kepentingannya.


      Periode pelaporan mencakup kinerja keberlanjutan                 The reporting period covers the Company’s sustainability
      Perseroan dari 1 Januari hingga 31 Desember 2025, dengan         performance from January 1 to December 31, 2025, with a
      ruang lingkup yang meliputi kantor pusat, gudang serta           scope that includes the headquarters, warehouses, and all
      seluruh gerai Toko Belanja Keramik. Pada tahun pelaporan         Belanja Keramik stores. In this reporting year, the Company
      ini, Perseroan belum melaksanakan verifikasi tertulis oleh       has not yet undergone written verification by an independent
      pihak independen, sejalan dengan praktik pelaporan pada          party, consistent with reporting practices in previous years.
      tahun-tahun sebelumnya. Meskipun demikian, Perseroan             Nevertheless, the Company ensures that all information and
      memastikan seluruh informasi dan data kuantitatif yang           quantitative data presented remain consistent and reliable
      disajikan tetap konsisten dan andal melalui proses verifikasi    through a meticulous internal verification process.
      internal yang dilaksanakan secara cermat.


      Sejalan dengan hal tersebut, laporan keuangan Perseroan          Accordingly, the Company’s financial statements used as the
      yang digunakan sebagai dasar penyajian informasi                 basis for presenting financial information in this report are
      keuangan dalam laporan ini merupakan laporan keuangan            the consolidated financial statements for the period from
      konsolidasian untuk periode 1 Januari hingga 31 Desember         January 1 to December 31, 2025, which have been audited by
      2025, yang telah diaudit oleh Kantor Akuntan Publik (KAP)        an independent public accounting firm in accordance with
      independen sesuai dengan standar audit yang berlaku.             applicable auditing standards.




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Strategi Keberlanjutan
Sustainability Strategy
[OJK A.1]


Sebagai bentuk dukungan terhadap pencapaian Tujuan                To support the achievement of the Sustainable Development
Pembangunan Berkelanjutan (Sustainable Development Goals/         Goals (SDGs), the Company has developed a sustainability
SDGs), Perseroan mengembangkan strategi keberlanjutan             strategy based on three main pillars: People, Prosperity,
yang berlandaskan tiga pilar utama: Masyarakat & Sumber Daya      and Planet. These three pillars serve as guidelines in
Manusia (People), Kesejahteraan (Prosperity), dan Lingkungan      formulating plans, developing strategies, and implementing
(Planet). Ketiga pilar ini menjadi pedoman dalam perumusan        various sustainability programs. Through the 3P approach
rencana, pengembangan strategi, dan implementasi berbagai         (People, Planet, Prosperity), the Company carries out various
program keberlanjutan. Melalui pendekatan 3P (People, Planet,     initiatives to support the achievement of SDG targets.
Prosperity), Perseroan menjalankan berbagai inisiatif untuk
mendukung pencapaian target SDGs.


Pada aspek lingkungan, Perseroan berkomitmen menjalankan          In the environmental aspect, the Company is committed to
proses operasional secara efisien serta bertanggung               conducting operational processes efficiently and responsibly
jawab terhadap lingkungan. Upaya yang dilakukan meliputi          toward the environment. Efforts undertaken include
peningkatan efisiensi energi guna menurunkan emisi dari           improving energy efficiency to reduce emissions from
kegiatan operasional. Selain itu, Perseroan turut memberdayakan   operational activities. Additionally, the Company empowers
masyarakat melalui berbagai program pelestarian lingkungan        communities through various environmental conservation
yang mencakup penanaman, konservasi, dan pengelolaan              programs that encompass planting, conservation, and the
sumber daya alam secara berkelanjutan.                            sustainable management of natural resources.


Dari aspek sosial, Perseroan melaksanakan berbagai program        From a social perspective, the Company implements various
Tanggung Jawab Sosial Perusahaan (Corporate Social                Corporate Social Responsibility (CSR) programs aimed at
Responsibility/CSR) yang bertujuan memberikan manfaat             providing tangible benefits to the community. These social
nyata bagi masyarakat. Program sosial tersebut juga diarahkan     programs are also designed to support environmental
untuk mendukung pelestarian lingkungan yang selaras dengan        conservation in alignment with the needs of the surrounding
kebutuhan komunitas sekitar. Perseroan memastikan kualitas        community. The Company ensures that product quality is
produk tetap terjaga dan seluruh produk telah memenuhi            maintained and that all products meet the requirements
persyaratan Standar Nasional Indonesia (SNI). Pada bidang tata    of the Indonesian National Standards (SNI). In the area
kelola, Perseroan menerapkan prinsip tata kelola berkelanjutan    of governance, the Company applies the principles of
dan memastikan implementasinya berjalan secara konsisten          sustainable governance and ensures their consistent and
dan efektif.                                                      effective implementation.


Perseroan secara rutin melakukan evaluasi kinerja terhadap        The Company routinely conducts performance evaluations
dewan komisaris, direksi, serta seluruh karyawan. Penerapan       of the board of commissioners, the board of directors, and
kode etik perusahaan terus dijaga sebagai fondasi dalam           all employees. The implementation of the corporate code of
membangun transparansi dan memperkuat kepercayaan                 ethics is continuously upheld as the foundation for building
pemangku kepentingan. Ke depan, Perseroan berkomitmen             transparency and strengthening stakeholder trust. Moving
memperkuat pemenuhan aspek Lingkungan, Sosial, dan Tata           forward, the Company is committed to strengthening its
Kelola (LST) melalui evaluasi berkelanjutan serta perumusan       fulfillment of Environmental, Social, and Governance (ESG)
strategi yang responsif terhadap tantangan jangka pendek          aspects through continuous evaluation and the formulation
maupun jangka panjang.                                            of strategies that are responsive to both short-term and
                                                                  long-term challenges.


Sebagai wujud komitmen tersebut, Perseroan telah                  As a manifestation of this commitment, the Company has
menetapkan sejumlah inisiatif keberlanjutan prioritas untuk       established a number of priority sustainability initiatives for
tahun 2025, antara lain:                                          2025, including:




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                                                       Sustainability Report




            Program/Kegiatan Perusahaan dalam Laporan ini                                      Target                           Tujuan SDGs
                 The Company’s Program/Activity in this Report                                 Targets                           SDGs Goals

      • Penyediaan lapangan kerja kepada siapa pun tanpa                Mencapai kesetaraan gender dan memberdayakan
        membedakan gender sepanjang yang bersangkutan                   semua perempuan dan anak perempuan.
        mampu memenuhi kualifikasi yang dipersyaratkan;                 Achieve gender equality and empower all women
      • Mendukung program pengembangan karier karyawan;                 and girls.
      • Menjamin pemenuhan hak-hak karyawan, termasuk hak
        bagi karyawan perempuan;
      • Kegiatan CSR bagi karyawan.
      • Providing equal employment opportunities regardless
        of gender, provided that candidates meet the required
        qualifications;
      • Supporting employee career development programs;
      • Ensuring the fulfillment of employee rights, including
        those of female employees;
      • Implementing CSR initiatives for employees.

      •   Kinerja ekonomi berkelanjutan;                                Mendukung pertumbuhan ekonomi yang inklusif dan
      •   Penciptaan lapangan kerja;                                    berkelanjutan, tenaga kerja penuh dan produktif dan
      •   Kegiatan CSR bagi masyarakat;                                 pekerjaan yang layak bagi semua.
      •   Mengentaskan kerja paksa;                                     Support inclusive and sustainable economic growth,
      •   Melindungi hak-hak karyawan;                                  full and productive employment and decent work
      •   Mendukung lingkungan kerja yang aman bagi seluruh             for all.
          karyawan.
      •   Sustainable economic performance;
      •   Job creation;
      •   CSR activities for the community;
      •   Eliminating forced labor;
      •   Protecting employee rights;
      •   Supporting a safe work environment for all employees.

      •   Mendorong industrialisasi yang inklusif dan berkelanjutan;    Membangun infrastruktur yang tahan lama, mendukung
      •   Meningkatkan kemampuan teknologi, riset dan inovasi.          industrialisasi yang inklusif dan berkelanjutan dan
      •   Promoting inclusive and sustainable industrialization;        membantu perkembangan inovasi.
      •   Improving technology, research and innovation capabilities.   Build resilient infrastructure, promote inclusive and
                                                                        sustainable industrialization, and foster innovation.




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Ikhtisar Aspek Keberlanjutan
Summary of Sustainability Aspects

Aspek Ekonomi
Economic Aspects
[OJK B.1]


                          Uraian                                                Satuan
                                                                                               2025                2024                  2023
                        Description                                              Unit

 Kuantitas Produk/Jasa Dijual                                    Jumlah (jenis produk)
                                                                                                        17                  14                   12
 Quantity of Products/Services Sold                              Total (types of products)

 Penjualan                                                       Dalam jutaan Rp
                                                                                               3,194,683           3,134,643             3,195,795
 Sales                                                           In million Rp

 Laba (Rugi) Bersih Tahun Berjalan                               Dalam jutaan Rp
                                                                                                  (5,298)            (35,510)              (75,121)
 Net Profit (Loss) for the Year                                  In million Rp

 Jumlah Aset                                                     Dalam jutaan Rp
                                                                                                  868,111            905,659             1,012,448
 Total Assets                                                    In million Rp

 Jumlah Liabilitas                                               Dalam jutaan Rp
                                                                                                  957,919             991,798            1,061,620
 Total Liabilities                                               In million Rp

 Produk Ramah Lingkungan
                                                                 Stock Keeping Unit (SKU)              361                 661                  553
 Environmentally Friendly Products*

 Jumlah Tenaga Kerja Lokal                                       Orang
                                                                                                      329                 350                   375
 Local Labor Personnel                                           People

 Jumlah Pemasok Lokal                                            Pemasok
                                                                                                        23                  31                   25
 Local Suppliers                                                 Suppliers

 * Floor Tile dan Wall Tile dari PT Keramika Indonesia Assosiasi Tbk (KIA).
 * Floor Tiles and Wall Tiles from PT Keramika Indonesia Assosiasi Tbk (KIA).




Aspek Lingkungan Hidup
Environmental Aspects
[OJK B.2] [IDX E-01, E-02, E-03, E-04, E-05]


                          Uraian                                                Satuan
                                                                                               2025                2024                  2023
                        Description                                              Unit


 Penggunaaan BBM*)                                               Liter                            98,934               98,177              80,187
 Fuel Usage*)                                                    GJ                                 3,563               3,536               2,888

 Penggunaan Energi Listrik                                       kWh                             599,135             457,623              473,868
 Use of Electrical Energy                                        GJ                                  2,157               1.647               1,706

 Total Energi
                                                                 GJ                                 5,720               5,183               4,594
 Total Energy

 Intensitas Energi**)                                            GJ/Jutaan Rupiah
                                                                                                     0.001               0.001               0.001
 Energy Intensity**)                                             GJ/Million Rupiah

 Emisi CO2Cakupan 1
                                                                 Ton CO2eq                            265                 263                   215
 CO2 Emission Scope 1

 Emisi CO2Cakupan 2
                                                                 Ton CO2eq                             521                398                   412
 CO2 Emission Scope 2




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                              Uraian                                          Satuan
                                                                                                              2025         2024          2023
                            Description                                          Unit

       Total Emisi
                                                                 Ton CO2eq                                           786          661           627
       Total Emmission

       Intensitas Emisi**)                                       Ton CO2eq/Jutaan Rupiah
                                                                                                                0.0002       0.0002        0.0002
       Emission Intensity**)                                     Ton CO2eq/Million Rupiah

       Penggunaan air
                                                                 m3                                              2,429        2,466             1,011
       Water usage

       Penggunaan kertas                                         Rim
                                                                                                                     540          487           799
       Paper Usage                                               Ream

       Jumlah Limbah                                             Ton
                                                                                                                 10.97        14.06             16.11
       Total Waste                                               Tons

                                                                 Perseroan tidak melaksanakan kegiatan konservasi keanekaragaman hayati.
                                                                 Namun, Perseroan tetap berkomitmen mendukung pelestarian biodiversitas
                                                                 melalui penerapan praktik operasional yang bertanggung jawab dan minim
       Pelestarian Keanekaragaman Hayati
                                                                 dampak lingkungan.
       Biodiversity Conservation
                                                                 The Company does not engage in biodiversity conservation activities. However,
                                                                 the Company remains committed to supporting biodiversity conservation
                                                                 through the implementation of responsible operational practices that minimize
                                                                 environmental impact.

       *) Jenis BBM yang digunakan untuk operasional kendaraan, antara lain PERTAMAX, PERTALITE, dan SOLAR.
          Types of fuel used for vehicle operations, including PERTAMAX, PERTALITE, and SOLAR.
       **) Intensitas = Total energi/emisi dibagi pendapatan/penjualan.
           Intensity = Total energy/emissions divided by revenue/sales.




      Aspek Sosial
      Social Aspects
      [OJK B.3]


                               Uraian                                         Satuan
                                                                                                              2025         2024          2023
                            Description                                          Unit

       Jumlah Total Karyawan                                     Orang
                                                                                                                     329          350           375
       Number of Employees                                       People

       Jumlah Karyawan Wanita                                    Orang
                                                                                                                      54           61             67
       Number of Female Employees                                People

       Jumlah Tenaga Kerja Lokal                                 Orang
                                                                                                                     329          350           375
       Total Local Workforce                                     People

       Tingkat Pergantian Pegawai                                Persen
                                                                                                                     6%           7%            16%
       Employee Turnover Rate                                    Percent

       Jumlah Kecelakaan Kerja                                   Orang
                                                                                                                       0            0              0
       Total Work Accidents                                      People

       Persentase Jumlah Pegawai
       yang Ikut serta dalam Pelatihan                           Persen
                                                                                                                  3.34            1.71           8.8
       Percentage of Employees Participating                     Percent
       in Training

       Beasiswa “Sharing the Dream”                              Orang
                                                                                                                     427          410           427
       “Sharing The Dream” Scholarship                           People

       Kepuasan Pelanggan                                        Persen
                                                                                                                  80%             86%           83%
       Customer Satisfaction                                     Percent




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Profil Perseroan
Company Profile
Perseroan telah menyajikan informasi terkait Profil Perseroan   The Company has provided information regarding its
pada Bab Profil Perusahaan.                                     Company Profile in the Company Profile section.




Penjelasan Direksi
Explanation by the Board of Directors
[OJK D.1] [OJK D.2] [OJK D.3]


Perseroan telah menyajikan penjelasan Direksi yang meliputi     The Company has provided an explanation from the Board of
kebijakan untuk merespons tantangan dalam pemenuhan             Directors covering policies to address challenges in fulfilling
strategi keberlanjutan, penjelasan respons Perseroan terkait    sustainability strategies, the Company’s response regarding
penerapan Keuangan Berkelanjutan, dan strategi pencapaian       the implementation of Sustainable Finance, and strategies
target dalam Laporan Direksi pada Laporan Tahunan ini.          for achieving targets in the Board of Directors’ Report in this
                                                                Annual Report.




Tata Kelola Keberlanjutan
Sustainability Governance

Penanggung Jawab Penerapan Praktik Bisnis Berkelanjutan
Person in Charge for the Implementation of Sustainable Business Practices
[OJK E.1]

Perseroan terus memperkuat langkah menuju keberlanjutan         The Company continues to strengthen its steps toward long-
jangka panjang dengan membangun budaya Good Corporate           term sustainability by building a robust culture of Good
Governance (GCG) yang kokoh pada seluruh aktivitas bisnis.      Corporate Governance (GCG) across all business activities.
Upaya ini dilakukan untuk memastikan bahwa pengelolaan          These efforts are undertaken to ensure that corporate
perusahaan berjalan secara efektif, transparan, dan             management operates effectively, transparently, and
akuntabel, sekaligus menjaga dan meningkatkan kepercayaan       accountably, while maintaining and enhancing stakeholder
para pemangku kepentingan. Melalui penerapan GCG yang           trust. Through the consistent implementation of GCG,
konsisten, didukung oleh peran aktif organ-organ perusahaan     supported by the active roles of corporate bodies and the
serta kelengkapan perangkat kebijakan dan prosedur GCG,         completeness of GCG policies and procedures, the Company
Perseroan berkomitmen mencapai tujuan keberlanjutan yang        is committed to achieving sustainability goals that balance
menyeimbangkan aspek ekonomi, sosial, dan lingkungan.           economic, social, and environmental aspects.


Hingga akhir tahun 2025, Perseroan masih dalam proses           As of the end of 2025, the Company is still in the process
pengembangan struktur organisasi dan belum membentuk            of developing its organizational structure and has not yet
unit khusus yang menangani penerapan keberlanjutan secara       established a dedicated unit to oversee the comprehensive
menyeluruh sebagaimana diamanatkan dalam POJK 51/2017.          implementation of sustainability as mandated by POJK
Meski demikian, Perseroan tetap menjalankan praktik bisnis      51/2017. Nevertheless, the Company continues to conduct




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      yang mengintegrasikan pencapaian nilai ekonomi dengan                   business practices that integrate the achievement
      distribusi dampak sosial dan lingkungan. Untuk mendukung                of economic value with the distribution of social and
      pelaksanaan operasional yang berkelanjutan, seluruh organ               environmental impacts. To support sustainable operations,
      utama dan pendukung dalam tata kelola perusahaan berperan               all primary and supporting bodies within the corporate
      aktif, sementara setiap fungsi dan unit kerja diarahkan untuk           governance structure play an active role, while each function
      mengadopsi prinsip Lingkungan, Sosial, dan Tata Kelola (LST)            and work unit is directed to adopt Environmental, Social, and
      dalam aktivitasnya. Seluruh unit dan fungsi yang memiliki               Governance (ESG) principles in its activities. All units and
      tanggung jawab terkait penerapan keberlanjutan tersebut                 functions with responsibilities related to the implementation
      bertanggung jawab secara langsung dan melaporkan                        of sustainability are directly accountable and report on their
      pelaksanaannya kepada Direktur Utama Perseroan.                         implementation to the Company’s President Director.


      Tabel di bawah ini menunjukkan organ-organ dalam struktur               The table below lists the bodies within the governance structure
      tata Kelola yang melakukan pengelolaan usaha berkelanjutan:             responsible for managing sustainable business operations:


                  Penanggung Jawab                                              Tugas dan Tanggung Jawab
                    Unit in Charge                                                Duties and Responsibilities

                                                    Pengelolaan karyawan mencakup upaya menjaga dan meningkatkan produktivitas melalui
                                                    penerapan standar keselamatan dan kesehatan kerja, serta program pelatihan dan
       Sumber Daya Manusia (SDM)                    pengembangan kompetensi karyawan.
       Human Resource (HR)                          Employee management encompasses efforts to maintain and enhance productivity
                                                    through the implementation of occupational safety and health standards, as well as
                                                    employee training and competency development programs.



      Pengembangan Kompetensi Penanggung Jawab Penerapan Praktik Bisnis Berkelanjutan
      Competency Development for Personnel Responsible for Implementing Sustainable Business Practices
      [OJK E.2]

      Sebagai bagian dari komitmen untuk meningkatkan kualitas                As part of its commitment to strengthening sustainability
      tata kelola keberlanjutan, Perseroan secara konsisten                   governance,      the    Company      consistently    implements
      melaksanakan program peningkatan kompetensi bagi                        competency development programs for management and
      manajemen dan karyawan setiap tahunnya. Inisiatif ini                   employees on an annual basis. These initiatives are aimed at
      bertujuan memperluas wawasan, memperkuat kapabilitas,                   broadening perspectives, enhancing capabilities, and preparing
      dan mempersiapkan sumber daya manusia dalam menghadapi                  human capital to respond to increasingly dynamic business
      dinamika bisnis yang semakin menuntut kemampuan adaptasi,               conditions that require adaptability, sound decision-making,
      pengambilan keputusan yang tepat, dan peningkatan                       and continuous competency improvement. The Company
      kompetensi yang berkelanjutan. Perseroan aktif mengikuti                actively participates in various discussion forums, socialization
      berbagai forum diskusi, sosialisasi, serta pelatihan yang               programs, and training sessions covering Environmental,
      membahas isu dan risiko Lingkungan, Sosial, dan Tata Kelola             Social, and Governance (ESG) issues and risks, including
      (LST), termasuk prinsip-prinsip keberlanjutan yang relevan              sustainability principles relevant to the Company’s operations.
      dengan operasional perusahaan.


      Pelatihan tersebut membantu organ tata kelola dan person                Such training supports governance organs and designated
      in charge di berbagai divisi untuk lebih memahami konsep                personnel across divisions in gaining a deeper understanding
      keberlanjutan dan LST, menganalisis laporan keberlanjutan               of sustainability and ESG concepts, enabling more
      Perseroan secara lebih komprehensif, serta meningkatkan                 comprehensive analysis of the Company’s sustainability
      efektivitas penerapan pengelolaan risiko lingkungan, sosial,            report, and enhancing the effectiveness of environmental,
      dan tata kelola.                                                        social, and governance risk management practices.


                                                                                                                         Peserta Karyawan
              Tanggal                Nama Pelatihan            Tempat                   Penyelenggara                    dan Level Jabatan
                  Date                 Training Name            Place                       Organizer                   Employee Participants
                                                                                                                         and Position Level

        7 April - 30                 Professional          Graha Mobisel    Universitas Indonesia - Fakultas Ekonomi    1. Manajer
       Mei/May 2025                  Young Leader                           dan Bisnis dan Garry Robert Mondale         2. Asisten Manajer
       11 - 12 Juni/June 2025                                               Development                                 1. Manager
       8 - 10 Juli/July 2025                                                University of Indonesia - Faculty of        2. Assistant
                                                                            Economic and Business and Garry                Manager
                                                                            Robert Mondale Development



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                                                                                                                  Peserta Karyawan
        Tanggal            Nama Pelatihan           Tempat                     Penyelenggara                      dan Level Jabatan
            Date             Training Name            Place                        Organizer                      Employee Participants
                                                                                                                   and Position Level

 7 - 30 April 2025,       Lead Your Team        Graha Mobisel      SCG Indonesia Pembicara Internal dan          1. Manajer Umum
 13 - 15 Mei/May 2025                                              Garry Robert Mondale Development              2. Manajer
                                                                   SCG Indonesia Internal Speaker and            3. Asisten Manajer
                                                                   Garry Robert Mondale Development              1. General Manager
                                                                                                                 2. Manager
                                                                                                                 3. Assistant
                                                                                                                    Manager

 16 Juli/July 2025        Effective             Graha Mobisel      SCG Indonesia Pembicara Internal              1. Manajer Umum
                          Interviewing Skills                      SCG Indonesia Internal Speaker                2. Manajer
                                                                                                                 1. General Manager
                                                                                                                 2. Manager

 1 Agustus/August -       Business Concept      Graha Mobisel      SCG Indonesia Pembicara Internal,             Manajer
 30 September 2025,       Development                              Universitas Indonesia –Fakultas Ekonomi       Manager
 14 - 16 Oktober/         Training Program                         dan Bisnis dan Kantor Hukum SSEK
 October 2025                                                      SCG Indonesia Internal Speaker, University
                                                                   of Indonesia – Faculty of Economic and
                                                                   Business and SSEK Law Firm

 10 - 11 September 2025 Strategic               Graha Mobisel      Konsultan Ahli, Pusat Kecerdasan              1. Manajer Umum
                        Leadership                                 Buatan Indonesia, dan Garry Robert            2. Manajer
                        Training                                   Mondale Development                           1. General Manager
                                                                   Expert Consultant, Artificial Intelligence    2. Manager
                                                                   Center Indonesia, and Garry Robert
                                                                   Mondale Development

                                                                                                                 Manajer Umum
 25 November 2025         Train the Trainer     Graha Mobisel      Garry Robert Mondale Development
                                                                                                                 General Manager



Manajemen Risiko yang Terintegrasi dengan
Aspek Lingkungan, Sosial, dan Tata Kelola (“LST”)
Risk Management Integrated with Environmental, Social, and Governance (ESG) Aspects
[OJK E.3]

Perseroan menempatkan penerapan manajemen risiko yang               The Company regards the implementation of comprehensive
komprehensif dan terintegrasi sebagai bagian penting dari           and integrated risk management as a critical component of
implementasi prinsip-prinsip Good Corporate Governance              its adherence to the principles of Good Corporate Governance
(GCG). Perseroan memahami bahwa berbagai bentuk risiko              (GCG). The Company recognizes that various forms of risk
melekat pada setiap aktivitas usaha, sehingga perlu dikelola        are inherent in every business activity, and therefore must
secara sistematis untuk mencegah potensi hambatan terhadap          be managed systematically to prevent potential obstacles to
keberlanjutan operasional.                                          operational sustainability.


Dalam rangka mencapai sasaran keberlanjutan yang telah              To achieve its established sustainability goals, the Company
ditetapkan, Perseroan memastikan bahwa pengelolaan risiko           ensures that risk management encompasses all dimensions,
mencakup seluruh dimensi, mulai dari risiko keuangan dan            ranging from financial and economic risks, environmental
ekonomi, risiko yang berkaitan dengan lingkungan, hingga            risks, to social risks. Therefore, the Company periodically
risiko sosial. Oleh karena itu, Perseroan secara berkala            conducts a series of processes that include risk identification,
melaksanakan serangkaian proses yang meliputi identifikasi          analysis, mitigation, evaluation, monitoring, and the
risiko, analisis, mitigasi, evaluasi, pemantauan, serta             disclosure of risk information regarding operational activities
penyampaian informasi risiko atas kegiatan operasional yang         that may affect the achievement of the Company’s objectives.
dapat mempengaruhi pencapaian tujuan perusahaan. Selain             Additionally, special attention is given to operational risks in
itu, perhatian khusus diberikan kepada risiko-risiko operasional    the ESG aspects that could have implications for reputation or
pada aspek LST yang dapat menimbulkan implikasi terhadap            business continuity.
reputasi maupun keberlangsungan bisnis.


Sepanjang tahun 2025, Perseroan menghadapi dan mengelola            Throughout 2025, the Company faced and managed a
beragam eksposur risiko yang tidak hanya berdampak pada             variety of risk exposures that not only impacted economic


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      kinerja ekonomi, tetapi juga menjangkau aspek lingkungan,              performance but also extended to environmental, social,
      sosial, dan tata kelola. Misalnya, dalam operasional Toko              and governance aspects. For example, in the operations
      Belanja Keramik, Perseroan memastikan bahwa aktivitas                  of Belanja Keramik stores, the Company ensured that
      operasional tidak menimbulkan jejak karbon yang                        operational activities did not generate a significant carbon
      signifikan dan tidak menghasilkan limbah yang berpotensi               footprint and did not produce waste that could potentially
      membahayakan lingkungan maupun masyarakat sekitar. Pada                harm the environment or the surrounding community. In the
      aspek sosial, Perseroan senantiasa mematuhi seluruh regulasi           social aspect, the Company consistently complies with all
      ketenagakerjaan, termasuk larangan mempekerjakan tenaga                labor regulations, including the prohibition on employing
      kerja di bawah umur, baik di kantor pusat maupun seluruh gerai         underage workers, both at the headquarters and across all
      Toko Belanja Keramik. Perseroan juga memastikan kebijakan              Ceramic Shopping Store outlets. The Company also ensures
      remunerasi diterapkan secara adil dan setara dengan mengacu            that compensation policies are applied fairly and equitably, in
      pada ketentuan upah minimum yang berlaku di masing-masing              accordance with the minimum wage regulations applicable in
      wilayah operasional.                                                   each operational region.


      Ragam risiko tersebut mendorong Perseroan untuk terus                  These various risks drive the Company to continuously innovate
      melakukan inovasi dan adaptasi terhadap dinamika lingkungan            and adapt to the dynamics of the business environment to
      usaha guna memastikan keberlangsungan operasional. Komite              ensure operational sustainability. The Audit Committee plays
      Audit menjalankan peran penting dalam proses pengawasan                a crucial role in the oversight process by conducting periodic
      dengan melakukan penilaian berkala atas efektivitas sistem             assessments of the effectiveness of the risk management
      manajemen risiko, kemudian menyampaikan hasil penilaiannya             system, then presenting the assessment results to the Board
      kepada Dewan Komisaris sebagai bagian dari pertimbangan                of Commissioners as part of the consideration in evaluating
      dalam mengevaluasi kinerja Direksi.                                    the Board of Directors’ performance.


      Melalui penerapan manajemen risiko yang terstruktur dan                Through the implementation of structured and integrated risk
      terintegrasi, Perseroan dapat mengurangi potensi dampak                management, the Company is able to mitigate the potential
      negatif dari kegiatan operasional sekaligus memperkuat                 negative impacts of its operational activities while strengthening
      kontribusi pada aspek sosial dan lingkungan. Upaya tersebut            its contributions to social and environmental aspects. These
      antara lain dilakukan melalui implementasi program Tanggung            efforts include the consistent annual implementation of
      Jawab Sosial dan Lingkungan (TJSL) yang dilaksanakan secara            Social and Environmental Responsibility programs, thereby
      konsisten setiap tahun, sehingga memberikan manfaat jangka             providing long-term benefits to stakeholders and enhancing
      panjang bagi pemangku kepentingan serta meningkatkan nilai             the Company’s sustainability value.
      keberlanjutan perusahaan.


      Informasi lebih rinci mengenai profil risiko serta langkah             More detailed information regarding the risk profile
      mitigasi yang diterapkan Perseroan sepanjang 2025 dapat                and mitigation measures implemented by the Company
      ditemukan dalam Laporan Tahunan 2025, pada bagian Tata                 throughout 2025 can be found in the 2025 Annual Report,
      Kelola Perusahaan, yang menjadi bagian tidak terpisahkan dari          under the Corporate Governance section, which is an integral
      laporan ini.                                                           part of this report.

         Identifikasi
                             Skala Risiko                 Mitigasi                        Dampak Aktual                 Dampak Potensial
            Risiko            Risk Level                  Mitigation                        Actual Impact                  Potential Impact
       Risk Identification

       Pencemaran            Rendah         Perusahaan bekerja sama               Bekerja sama dengan pihak            Penumpukan
       Limbah                Low            dengan Pihak Ketiga dalam             ke-3 terkait pengelolaan limbah      sampah dapat
       Waste Pollution                      hal pengolahan limbah B3              tersebut telah berjalan sesuai       mengakibatkan
                                            dan Non B3. Perusahaan juga           standar prosedur yang ada. Tidak     polusi dan sumber
                                            memiliki Instalasi Pengolahan Air     terdapat dampak negatif dalam        penyakit.
                                            Limbah untuk memastikan tidak         pengelolaan limbah tersebut          Waste accumulation
                                            terjadinya pencemaran disekitar       sepanjang tahun 2025.                can lead to pollution
                                            wilayah operasional.                  Collaboration with third parties     and be a source of
                                            The company collaborates with         regarding waste management           disease.
                                            third parties regarding the           has been conducted in
                                            treatment of hazardous and non-       accordance with existing
                                            hazardous waste. The company          standard procedures. There were
                                            also operates a wastewater            no negative impacts from waste
                                            treatment plant to ensure no          management throughout 2025.
                                            pollution occurs in the vicinity of
                                            its operational areas.




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    Identifikasi
                       Skala Risiko                Mitigasi                               Dampak Aktual                    Dampak Potensial
       Risiko           Risk Level                Mitigation                                 Actual Impact                    Potential Impact
 Risk Identification

 Kecelakaan            Sedang         Penerapan peraturan                      Sepanjang tahun 2025 tidak                 Sistem kerja yang
 Kerja                 Moderate       Keselamatan Utama atau                   tercatat terjadi kecelakaan kerja.         tidak prosedural
 Workplace                            Life Saving Rules.                       No workplace accidents were                dapat menyebabkan
 Accidents                            Implementation of Primary Safety         recorded throughout 2025.                  kecelakaan kerja
                                      Regulations or Life-Saving Rules.                                                   fatal.
                                                                                                                          Non-procedural
                                                                                                                          work systems
                                                                                                                          can lead to
                                                                                                                          fatal workplace
                                                                                                                          accidents.




Pelibatan Pemangku Kepentingan
Stakeholder Engagement
[OJK E.4]

Perseroan     melakukan       proses    identifikasi terhadap             The Company conducts a process to identify all stakeholders
seluruh pemangku kepentingan yang memiliki hubungan,                      who have a relationship, interest, and potential influence—
kepentingan, serta potensi pengaruh baik langsung maupun                  whether direct or indirect—on the achievement of the
tidak langsung terhadap pencapaian tujuan dan keberlanjutan               Company’s objectives and business sustainability. These
usaha Perseroan. Kelompok pemangku kepentingan tersebut                   stakeholder groups include, among others, employees,
mencakup antara lain karyawan, investor dan pemegang                      investors and shareholders, regulators, business partners,
saham, regulator, mitra bisnis, asosiasi atau komunitas,                  associations or communities, customers, the public, and other
pelanggan, masyarakat, serta pihak-pihak relevan lainnya.                 relevant parties. This identification process has undergone
Proses identifikasi ini telah melalui pembahasan internal dan             internal review and has been approved by management.
mendapat persetujuan dari manajemen.


Berikut disajikan tabel yang merangkum kelompok pemangku                  The following table summarizes the key stakeholder groups
kepentingan utama yang dinilai memiliki pengaruh signifikan               deemed to have a significant influence on the Company’s
terhadap keberlanjutan usaha Perseroan di masa mendatang:                 business sustainability in the future:



 Daftar Pemangku
                            Metode Pelibatan/Pendekatan            Frekuensi Pelibatan              Topik dan Isu Utama Kepentingan
   Kepentingan              Method of Engagement/Approach          Engagement Frequency                 Interest Topics and Main Issues
  Stakeholders List

 Konsumen               •   Website                            •    Setiap saat               • Kualitas dan keamanan produk
 Consumer               •   Media Sosial                       •    Sesuai kebutuhan          • Pengaduan konsumen atas produk
                        •   Layanan konsumen                   •    Sesuai kebutuhan            dan layanan
                        •   Survei kepuasan konsumen           •    1 (satu) kali setahun     • Informasi produk
                        •   Website                            •    At all times              • Product quality and safety
                        •   Social media                       •    As needed                 • Consumer complaints about products
                        •   Customer service                   •    As needed                   and services
                        •   Consumer satisfaction survey       •    Once a year               • Product information

 Karyawan               Media komunikasi internal, seperti     Sesuai kebutuhan               •   Kesehatan dan keselamatan kerja
 Employees              aplikasi bagi karyawan, situs web,     As needed                      •   Pengembangan kompetensi karyawan
                        surat edaran, dan lainnya.                                            •   Remunerasi karyawan
                        Internal communication media,                                         •   Pengembangan karier
                        such as applications for                                              •   Sarana dan fasilitas K3
                        employees, leaflets, internal                                         •   Hubungan industrial yang harmonis
                        newsletters, and others.                                              •   Occupational Health and Safety
                                                                                              •   Employee competency development
                                                                                              •   Employee remuneration
                                                                                              •   Career development
                                                                                              •   OHS means and facilities
                                                                                              •   Harmonious industrial relations




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       Daftar Pemangku
                                   Metode Pelibatan/Pendekatan         Frekuensi Pelibatan           Topik dan Isu Utama Kepentingan
         Kepentingan               Method of Engagement/Approach       Engagement Frequency              Interest Topics and Main Issues
        Stakeholders List

       Pemerintah              Sesi dengar pendapat dan            Sesuai kebutuhan             • Pemenuhan kewajiban terhadap
       dan Regulator           sosialisasi publik mengenai         As needed                      perundang-undangan dan regulasi
       Government and          regulasi terbaru                                                   yang berlaku
       Regulator               Hearing sessions and                                             • Kepatuhan peraturan
                               public outreach concerning                                       • Kemitraan dalam keberlanjutan
                               the latest regulations                                           • Fulfillment of obligations to applicable
                                                                                                  laws and regulations
                                                                                                • Regulatory compliance
                                                                                                • Partnerships in sustainability
       Pemegang Saham          •   RUPST                           •    1 (satu) kali setahun   • Pencapaian kinerja dan target
       Shareholders            •   RUPSLB                          •    Sesuai kebutuhan          operasional bisnis
                               •   AGMS                            •    Once a year             • Perubahan kepengurusan manajemen
                               •   EGMS                            •    As needed               • Pembayaran dividen
                                                                                                • Perubahan Anggaran Dasar
                                                                                                • Informasi yang jelas dan terkini terkait
                                                                                                  aksi korporasi dan arahan strategis
                                                                                                • Achievement of business operational
                                                                                                  performance and targets
                                                                                                • Changes in management leadership
                                                                                                • Payment of dividends
                                                                                                • Amendments to the Articles of Association
                                                                                                • Clear and up-to-date information on
                                                                                                  corporate actions and strategic directions
       Mitra Kerja/            •   Kontrak kerja                   •    Sesuai kebutuhan        • Mekanisme pengadaan barang dan
       Vendor                  •   Website                         •    Sesuai Kebutuhan          jasa secara fair
       Partners/               •   Employment contract             •    As needed               • Transparansi proses seleksi pengadaan
       Vendors                 •   Website                         •    As needed                 barang dan jasa dengan menerapkan
                                                                                                  tata kelola perusahaan yang baik
                                                                                                • Metode pembayaran
                                                                                                • Jangka waktu pembayaran
                                                                                                • Fair procurement mechanism for
                                                                                                  goods and services
                                                                                                • Transparency of the procurement of
                                                                                                  goods and services selection process by
                                                                                                  implementing good corporate governance
                                                                                                • Payment method
                                                                                                • Term of payment
       Masyarakat              • Forum Konsultatif Masyarakat      Setiap saat ketika           • Kontribusi pada aspek ekonomi,
       Community                 (Saluran Pengaduan)               saran dan kritik di            sosial dan lingkungan untuk
                               • Program pengembangan dan          terima Perusahaan              mempercepat kemandirian
                                 pemberdayaan Masyarakat           Whenever the                 • Ketersediaan lapangan kerja
                                 (Komunikasi saat pelaksanaan      Company receives             • Contributions to economic, social,
                                 kegiatan CSR)                     suggestions and                and environmental aspects to
                               • Community Consultative            criticism                      accelerate self-reliance
                                 Forum (Complaint Channel)                                      • Job creation
                               • Community Development
                                 and Empowerment Programs
                                 (Communication during
                                 the implementation of
                                 CSR activities)




      Kendala, Tantangan, dan Peluang Penerapan Keberlanjutan
      Constraints, Challenges, and Opportunities in Sustainability Implementation
      [OJK E.5]

      Sebagai perusahaan terbuka yang beroperasi di tengah                    As a publicly listed company operating within the community,
      masyarakat, perhatian terhadap aspek sosial dan lingkungan              attention to social and environmental aspects has become
      menjadi semakin penting. Perseroan tidak hanya memiliki                 increasingly important. The Company bears responsibility




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tanggung jawab kepada pemegang saham, tetapi juga kepada        not only to its shareholders but also to the surrounding
masyarakat dan lingkungan sekitar. Kondisi ini menghadirkan     community and the environment. This condition presents both
tantangan sekaligus peluang bagi Perseroan untuk                challenges and opportunities for the Company to contribute
memberikan kontribusi yang lebih luas serta menciptakan         more broadly and create positive impacts on social and
dampak positif pada aspek sosial dan lingkungan. Namun          environmental aspects. However, the Company understands
demikian, Perseroan memahami bahwa integrasi prinsip            that integrating Environmental, Social, and Governance
Lingkungan, Sosial, dan Tata Kelola (LST) ke dalam kegiatan     (ESG) principles into daily operations is not without various
operasional sehari-hari tidak terlepas dari berbagai kendala    constraints that may affect the achievement of its established
yang dapat memengaruhi pencapaian target keberlanjutan          sustainability targets.
yang telah ditetapkan.


Sebagai langkah awal, Perseroan telah mengidentifikasi          As an initial step, the Company has identified several issues
sejumlah isu dan tantangan dalam penerapan strategi             and challenges in implementing its sustainability strategy.
keberlanjutan. Salah satu tantangan utama adalah masih          One of the main challenges is the still-limited understanding
terbatasnya pemahaman dan kesadaran mengenai isu                and awareness of sustainability issues at various levels of
keberlanjutan di berbagai tingkat organisasi, sehingga          the organization, which affects the effectiveness of strategy
berdampak pada efektivitas implementasi strategi yang telah     implementation by management.
disusun oleh manajemen.


Selain itu, saat ini Perseroan belum memiliki panduan teknis    In addition, the Company currently does not yet have formally
operasional yang terdokumentasi secara formal sebagai           documented operational technical guidelines that serve as a
acuan bagi seluruh karyawan dalam mengintegrasikan aspek        reference for all employees in integrating ESG aspects into
LST ke dalam praktik bisnis secara konsisten dan hati-hati.     business practices in a consistent and prudent manner. This
Kondisi ini menjadi salah satu fokus evaluasi Perseroan untuk   condition has become a key focus of continuous evaluation,
terus diperbaiki secara berkelanjutan, sekaligus menjadi        while also serving as important input for strengthening the
masukan penting dalam penguatan kapasitas pengelolaan           Company’s sustainability management capacity in the future.
keberlanjutan di masa mendatang.


Perseroan juga menyadari pentingnya pembentukan tim             The Company also recognizes the importance of establishing
khusus ESG, termasuk identifikasi risiko dan peluang terkait    a dedicated ESG team, including the identification of climate-
perubahan iklim sebagai bagian dari penguatan tata kelola       related risks and opportunities as part of strengthening its
keberlanjutan. Selain itu, penguatan internalisasi budaya       sustainability governance framework. Furthermore, strengthening
keberlanjutan di lingkungan kerja menjadi prioritas agar        the internalization of a sustainability culture within the workplace
implementasi prinsip LST dapat berjalan secara konsisten di     remains a priority to ensure consistent implementation of ESG
seluruh lini organisasi. Perseroan juga dituntut untuk terus    principles across all levels of the organization. The Company
beradaptasi terhadap perubahan regulasi yang semakin            is also required to continuously adapt to evolving regulatory
dinamis, serta mendorong inovasi dan pengembangan produk        requirements, while encouraging innovation and product
yang sejalan dengan prinsip keberlanjutan.                      development aligned with sustainability principles.


Meskipun menghadapi berbagai tantangan tersebut,                Despite these challenges, the Company sees significant
Perseroan melihat adanya peluang pengembangan usaha             business development opportunities arising from the
yang muncul dari penerapan prinsip LST di berbagai aspek,       implementation of ESG principles across social, economic, and
baik sosial, ekonomi, maupun lingkungan. Peluang ini            environmental aspects. These opportunities encourage the
mendorong Perseroan untuk terus memperkuat kemampuan            Company to further strengthen its organizational adaptability
adaptasi organisasi terhadap risiko-risiko yang berkaitan       to sustainability-related risks, while also optimizing potential
dengan isu keberlanjutan, sekaligus mengoptimalkan potensi      business value creation.
nilai bisnis yang dapat dikembangkan.


Sebagai penyedia layanan one-stop solution, Perseroan           As a one-stop solution provider, the Company believes that
meyakini bahwa kehadirannya memberikan nilai strategis          its presence delivers strategic value to customers and
bagi pelanggan maupun para pemangku kepentingan dalam           stakeholders involved in residential development activities.
proses pembangunan hunian. Peluang ini akan dimanfaatkan        This opportunity will be optimally leveraged to strengthen the
secara optimal untuk memperkuat kinerja usaha Perseroan         Company’s business performance while creating sustainable
sekaligus memberikan nilai tambah yang berkelanjutan bagi       added value for all stakeholders.
seluruh pemangku kepentingan.




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      Kinerja Keberlanjutan
      Sustainability Performance

      Membangun Budaya Keberlanjutan
      Building a Culture of Sustainability
      [OJK F.1]

      Budaya keberlanjutan di Perseroan berakar pada nilai-               The Company’s sustainability culture is rooted in its core
      nilai inti perusahaan yang menjadi panduan bagi seluruh             values, which serve as guiding principles for all employees in
      karyawan dalam menjalankan aktivitas sehari-hari. Nilai-nilai       carrying out their daily activities. These values are designed
      ini diarahkan untuk memastikan visi dan misi Perseroan dapat        to ensure that the Company’s vision and mission are achieved
      tercapai secara berkelanjutan. Sosialisasi nilai-nilai tersebut     in a sustainable manner. The dissemination of these values
      dilakukan secara rutin melalui berbagai sarana, termasuk            is conducted regularly through various channels, including
      pelatihan, kegiatan internal, serta komunikasi formal dan           training programs, internal activities, and both formal
      informal. Contohnya, Perseroan mendorong setiap karyawan            and informal communication. For example, the Company
      untuk membawa botol minum sendiri guna mengurangi                   encourages employees to bring reusable water bottles to
      penggunaan botol plastik di area kantor, menerapkan                 reduce plastic waste in office areas, implements double-
      kebijakan pencetakan dokumen pada kedua sisi kertas,                sided printing policies, turns off lights during break times
      mematikan lampu saat jam istirahat demi efisiensi energi,           to improve energy efficiency, utilizes electronic signatures
      penggunaan tanda tangan elektronik (e-sign) untuk dokumen           (e-signatures) for internal documents, and maximizes
      internal, serta memaksimalkan digitalisasi komunikasi               digitalization through internal communication channels such
      internal melalui email blast untuk penyebaran informasi.            as email blasts.


      Selain itu, Perseroan secara rutin menggunakan media                In addition, the Company regularly utilizes internal media to
      internal untuk menyampaikan kampanye keberlanjutan                  promote sustainability campaigns and provides employees
      dan menyediakan akses bagi karyawan untuk mengakses                 with access to the Company’s Sustainability Report as a source
      Laporan Keberlanjutan Perseroan sebagai sumber informasi            of information on sustainability performance. The Company
      mengenai kinerja keberlanjutan. Perseroan juga memberikan           also conducts sustainability-related training programs,
      pelatihan terkait keberlanjutan, termasuk program yang              including those organized by the Learning Excellence Center
      diselenggarakan oleh Tim Learning Excellence Center PT SCG          Team of PT SCG Indonesia, aimed at enhancing employees’
      Indonesia, guna membangun kesadaran, pemahaman, dan                 awareness, understanding, and capabilities in consistently
      kemampuan karyawan dalam mengimplementasikan nilai-                 implementing sustainability values.
      nilai keberlanjutan secara konsisten.


      Melalui serangkaian kampanye, pelatihan, dan media                  Through these campaigns, training programs, and internal
      komunikasi internal ini, Perseroan menargetkan agar seluruh         communication initiatives, the Company aims to ensure that
      karyawan dapat memahami dengan baik prinsip-prinsip                 all employees have a strong understanding of sustainability
      keberlanjutan serta aktif berperan serta dalam pelaksanaan          principles and actively contribute to the implementation of
      strategi keberlanjutan perusahaan.                                  the Company’s sustainability strategy.


                                            Kegiatan                                           Peserta              Pelaksanaan
                                              Activity                                       Participants           Implementation

       Edukasi Anti Korupsi                                                              Seluruh karyawan      Internal secara luring
       Anti-Corruption Education                                                         All employees         Internal, in-person

       Pelatihan K3/Pemadam Kebakaran                                                    Seluruh karyawan      Internal secara luring
       Occupational Health and Safety (OHS)/Fire Safety Training                         All employees         Internal, in-person

       Sosialisasi Peraturan Internal Terkait Kode Etik                                  Seluruh karyawan      Internal secara daring
       Perusahaan dan Peraturan Perusahaan                                               All employees         dan luring
       Socialization of Internal Regulations on the Company’s                                                  Internal, online and
       Code of Ethics and Company Regulations                                                                  in-person

       Sosialisasi Perpajakan & Pengkinian Data Karyawan                                 Seluruh karyawan      Internal secara daring
       Socialization of Taxation & Employee Data Updates                                 All employees         Internal, online




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                                     Kegiatan                                                Peserta                 Pelaksanaan
                                      Activity                                             Participants              Implementation

 Sosialisasi Penerapan Kebijakan Mematikan Lampu                                     Seluruh karyawan           Internal secara daring
 Saat Jam Istirahat Demi Efisiensi Energi                                            All employees              dan luring
 Socialization of the Policy to Switch Off Lights                                                               Internal (online and
 During Breaks Times to Improve Energy Efficiency                                                               in-person)

 Sosialisasi Penggunaan Tanda Tangan Elektronik (e-sign)                             Seluruh karyawan           Internal secara daring
 untuk Dokumen Internal                                                              All employees              dan luring
 Socialization on the Use of Electronic Signatures (e-sign)                                                     Internal (online and
 for Internal Documents                                                                                         in-person)



Kinerja Ekonomi
Financial Performance
[OJK F.2] [OJK F.3]

Pada tahun 2025, PT Kokoh Inti Arebama Tbk (KOIN) tetap               In 2025, PT Kokoh Inti Arebama Tbk (KOIN) continued to
menunjukkan kinerja ekonomi yang resilient di tengah                  demonstrate resilient economic performance amid challenges
tantangan pasar bahan bangunan. Meskipun target pendapatan            in the building materials market. Although the revenue target
sebesar Rp3,58 triliun dan laba bersih Rp27 miliar belum              of Rp3.58 trillion and net profit of Rp27 billion were not fully
sepenuhnya tercapai, Perseroan berhasil menjaga efisiensi             achieved, the Company succeeded in maintaining operational
operasional dan stabilitas portofolio produk.                         efficiency and the stability of its product portfolio.


Perseroan mempertahankan diversifikasi usaha yang meliputi            The Company maintained business diversification covering
keramik, granit, sanitary, semen, dan bahan bangunan lainnya,         ceramics, granite, sanitary ware, cement, and other building
dengan kontribusi masing-masing segmen tetap sejalan                  materials, with each segment’s contribution remaining in line
dengan perencanaan. Evaluasi berkala terhadap portofolio              with the plan. Periodic evaluations of the portfolio indicate
menunjukkan bahwa KOIN mampu menyesuaikan strategi                    that KOIN is capable of adjusting its sales and production
penjualan untuk menghadapi dinamika pasar secara responsif.           strategies to respond effectively to market dynamics.

Perbandingan Target dan Realisasi
Comparison of Targets and Actual Results

                                                               2025                        2024                          2023
          Uraian                   Satuan
        Description                 Unit                          Realisasi                    Realisasi                         Realisasi
                                                      Target                      Target                        Target
                                                                 Realization                  Realization                       Realization

 Pendapatan                 Jutaan Rupiah
                                                    3,581,230     3,194,683     3,403,476      3,134,643       3,381,848        3,195,795
 Revenue                    Millions of Rupiah

 Laba (Rugi)                Rupiah
                                                       27,030         (5,298)      (6,507)        (35,510)       (20,291)          (75,121)
 Profit (Loss)              Rupiah



Informasi terkait pencapaian target keuangan dan realisasi            Information regarding the achievement of financial targets
kinerja ekonomi Perseroan sepanjang tahun 2025, beserta               and the realization of the Company’s economic performance
analisis mendalam mengenai kinerja keuangan, telah disajikan          throughout 2025, along with an in-depth analysis of financial
secara komprehensif dalam Laporan Tahunan 2025 bagian                 performance, has been comprehensively presented in the
Analisis dan Pembahasan Manajemen. Laporan tersebut                   2025 Annual Report under the Management Analysis and
merupakan bagian integral dari Laporan Keberlanjutan                  Discussion section. This report is an integral part of the 2025
2025, sehingga seluruh data dan analisis keuangan dapat               Sustainability Report, ensuring that all financial data and
dipahami secara terpadu dalam konteks kinerja ekonomi dan             analysis can be understood holistically within the context of
keberlanjutan Perseroan.                                              the Company’s economic performance and sustainability.


Selama tahun 2025, Perseroan tidak memiliki target dan tidak          Throughout 2025, the Company had no targets and did not
melakukan pembiayaan, investasi pada instrumen atau proyek            engage in financing or investments in instruments or projects
yang sejalan dengan keuangan berkelanjutan.                           aligned with sustainable finance.




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      Rantai Pasokan
      Supply Chain
      Dalam operasional distribusi bahan bangunan, Perseroan              In its building materials distribution operations, the Company
      menempatkan rantai pasokan yang berkelanjutan sebagai               prioritizes a sustainable supply chain as a critical aspect of
      aspek penting dalam menjaga kinerja ekonomi. Hingga 31              maintaining economic performance. As of December 31,
      Desember 2025, Perseroan menjalin kerja sama dengan 23              2025, the Company has partnered with 23 suppliers, including
      pemasok, termasuk pemasok keramik, granit, sanitary, semen,         suppliers of ceramics, granite, sanitary ware, cement, and
      dan bahan bangunan lainnya, dengan fokus pada kualitas,             other building materials, with a focus on quality, reliability,
      keandalan, dan sertifikasi produk.                                  and product certification.


      Pemilihan dan pengelolaan pemasok didasarkan pada kriteria          Supplier selection and management are based on clear
      yang jelas, meliputi harga, kualitas, dan jaminan produk.           criteria, including price, quality, and product guarantees.
      Evaluasi rutin dilakukan terhadap seluruh pemasok, dan proses       Routine evaluations are conducted on all suppliers, and due
      due diligence diterapkan untuk memastikan kelayakan setiap          diligence processes are applied to ensure the suitability of
      mitra pasokan. Pemasok yang tidak memenuhi standar akan             each supply partner. Suppliers that fail to meet standards will
      dikeluarkan dari daftar mitra Perseroan.                            be removed from the Company’s list of partners.


      Melalui manajemen rantai pasokan yang selektif dan                  Through selective and sustainable supply chain management,
      berkelanjutan, Perseroan dapat mempertahankan efisiensi             the Company can maintain operational efficiency, enhance
      operasional, meningkatkan kepuasan pelanggan, dan                   customer satisfaction, and strengthen its long-term
      memperkuat fondasi ekonomi jangka panjang.                          economic foundation.



      Dukungan Terhadap Tujuan Pembangunan Berkelanjutan (TPB) Terkait Kinerja Ekonomi
      Support for Sustainable Development Goals (SDGs) Related to Economic Performance

        Dukungan terhadap TPB                                                    Keterangan
             Support for SDGs                                                     Description

                                      Menjaga kinerja ekonomi yang stabil melalui efisiensi operasional dan diversifikasi usaha (keramik,
                                      granit, sanitary, semen, dan bahan bangunan lainnya).
                                      Maintain stable economic performance through operational efficiency and diversification of
                                      business (ceramics, granite, sanitary ware, cement, and other building materials).

                                      • Menerapkan pengadaan selektif berbasis harga, mutu, dan jaminan produk.
                                      • Melakukan evaluasi dan due diligence pemasok secara berkala untuk memastikan kepatuhan
                                        terhadap standar pengadaan yang bertanggung jawab.
                                      • Implement selective procurement based on price, quality, and product assurance.
                                      • Conduct regular supplier evaluation and due diligence to ensure compliance with responsible
                                        procurement standards.




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Kinerja Sosial: Membangun Nilai
Bersama Pemangku Kepentingan
Social Performance: Building Shared Value with Stakeholders

Layanan Profesional untuk Pengalaman Pelanggan Terbaik
Professional Services for the Best Customer Experience
[OJK F.17]

Perseroan menjalankan bisnisnya dengan prinsip keseimbangan     The Company conducts its business based on the principle
antara pencapaian kinerja finansial dan pemberian manfaat       of balancing financial performance with the delivery of
sosial yang nyata bagi karyawan, masyarakat, serta pelanggan.   tangible social benefits to employees, the community,
Semua pihak ini dianggap sebagai pemangku kepentingan           and customers. All these parties are considered key
utama yang berperan penting dalam mendukung pertumbuhan         stakeholders who play a vital role in supporting the growth
dan keberlanjutan usaha.                                        and sustainability of the business.


Sebagai bentuk tanggung jawab terhadap pelanggan,               As a form of responsibility toward customers, the Company
Perseroan berfokus pada penyediaan layanan yang adil,           focuses on providing fair, equitable, and high-quality
setara, dan berkualitas tinggi. Komitmen ini sejalan dengan     services. This commitment aligns with the Company’s
prinsip perusahaan untuk selalu bersikap profesional            principle of always acting professionally and maximizing
serta memberikan dampak positif maksimal bagi semua             positive impact for all stakeholders.
pemangku kepentingan.


Untuk memastikan layanan yang profesional dan kompeten,         To ensure professional and competent service, the
Perseroan secara rutin menyelenggarakan program pelatihan       Company regularly conducts relevant training programs
yang relevan bagi seluruh karyawan. Selain interaksi tatap      for all employees. In addition to face-to-face interactions
muka dengan pelanggan, Perseroan juga telah memperluas          with customers, the Company has expanded access
akses melalui kanal online marketplace dan e-retail, sehingga   through online marketplace and e-retail channels, enabling
masyarakat dapat memperoleh informasi produk dengan             the public to easily obtain product information and make
mudah sekaligus melakukan pembelian secara nyaman.              purchases conveniently.


Dalam hal kualitas produk, Perseroan menerapkan prosedur        Regarding product quality, the Company implements
penyimpanan dan distribusi yang memenuhi standar untuk          storage and distribution procedures that meet standards
mencegah kerusakan atau penurunan mutu. Seluruh gudang          to prevent damage or deterioration. All “Belanja Keramik”
dan toko “Belanja Keramik” diawasi secara ketat untuk           warehouses and stores are strictly monitored to ensure
memastikan setiap produk baik keramik, sanitary ware,           every product—whether ceramics, sanitary ware, or other
maupun aksesoris lainnya tersalurkan dalam kondisi terbaik.     accessories—is delivered in optimal condition.


Langkah-langkah ini bertujuan untuk mempertahankan              These measures aim to maintain customer satisfaction and
kepuasan pelanggan dan menjadikan Perseroan sebagai             establish the Company as the premier choice for building
supermarket bahan bangunan pilihan utama. Selain itu,           materials. Additionally, the Company encourages openness
Perseroan juga mendorong keterbukaan terhadap masukan           to customer feedback and suggestions as part of its
dan saran pelanggan sebagai bagian dari upaya berkelanjutan     ongoing efforts to improve product and service quality.
dalam meningkatkan mutu produk dan layanan.




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      Aspek Ketenagakerjaan
      Labor Aspects

      Mendorong Kesetaraan dan Lingkungan Kerja Inklusif
      Promoting Equality and an Inclusive Work Environment
      [OJK F.18] [IDX S-07, S-08, S-09]

      Perseroan menegaskan komitmennya untuk menjunjung                  The Company reaffirms its commitment to upholding Human
      tinggi Hak Asasi Manusia (HAM) di lingkungan kerja,                Rights in the workplace by ensuring fair and equal treatment
      dengan memastikan perlakuan yang adil dan setara bagi              for all employees regardless of gender, ethnicity, religion,
      seluruh karyawan tanpa membedakan gender, suku,                    social group, or race. An inclusive work environment is
      agama, golongan, atau ras. Lingkungan kerja yang inklusif          believed to enhance employee motivation, productivity, and
      diyakini mampu meningkatkan motivasi, produktivitas, dan           job satisfaction, thereby supporting the achievement of the
      kepuasan kerja karyawan, mendukung pencapaian tujuan dan           Company’s goals and success.
      keberhasilan Perseroan.


      Sebagai bagian dari komitmen ini, Perseroan memiliki               As part of this commitment, the Company has clear policies
      kebijakan yang jelas terkait pencegahan pelecehan seksual          regarding the prevention of sexual harassment and
      dan diskriminasi, termasuk mekanisme pelaporan dan                 discrimination, including robust reporting mechanisms and
      penanganan yang tegas terhadap setiap pelanggaran.                 strict handling of any violations. These policies ensure every
      Kebijakan ini memastikan setiap karyawan dapat bekerja dalam       employee can work in a safe, professional environment that
      lingkungan yang aman, profesional, dan menghormati hak-hak         respects individual rights. Throughout 2025, the Company
      individu. Sepanjang tahun 2025, Perseroan mencatatkan tidak        recorded no human rights violations, cases of sexual
      adanya pelanggaran HAM, kasus pelecehan seksual, maupun            harassment, or discrimination, affirming the effectiveness of
      diskriminasi, menegaskan efektivitas implementasi kebijakan        the policy’s implementation. This success is also reflected in
      tersebut. Keberhasilan ini juga tercermin dalam kesempatan         equal opportunities for all employees to grow and contribute
      yang setara bagi seluruh karyawan untuk berkembang dan             at various levels of the organization.
      berkontribusi di berbagai level organisasi.


      Hingga akhir 2025, Perseroan memberikan kesempatan                 By the end of 2025, the Company provided equal opportunities
      yang setara bagi seluruh karyawan untuk mengembangkan              for all employees to develop their competencies and
      kompetensi dan mengisi posisi strategis di berbagai level          fill strategic positions at various organizational levels.
      organisasi. Secara khusus, di level manajemen terdapat             Specifically, at the management level, there were 2 women
      2 perempuan dari 11 pejabat, setara dengan 18% dari total          out of 11 executives, equivalent to 18% of total managerial
      posisi manajerial, menunjukkan upaya nyata Perseroan               positions, demonstrating the Company’s tangible efforts to
      dalam meningkatkan partisipasi perempuan di posisi                 increase women’s participation in mid-level leadership roles.
      kepemimpinan menengah.


      Untuk memberikan gambaran yang lebih lengkap mengenai              To provide a more comprehensive overview of the employee
      komposisi karyawan, Tabel 1 berikut menyajikan distribusi          composition, Table 1 below presents the distribution of male
      jumlah karyawan laki-laki dan perempuan menurut tingkat            and female employees by job level, ranging from entry-level
      jabatan, mulai dari entry level hingga executive level, termasuk   to executive-level positions, including the total number
      total pegawai. Data ini mencerminkan kesetaraan kesempatan         of employees. This data reflects equal opportunities and
      dan keberagaman di seluruh tingkat organisasi.                     diversity across all levels of the organization.


      Selain itu, Perseroan juga meninjau distribusi karyawan            Additionally, the Company also reviews the distribution
      berdasarkan rentang usia, sebagaimana disajikan pada Tabel         of employees by age range, as presented in Table 2. This
      2. Informasi ini mendukung pengelolaan sumber daya manusia         information supports human resource management tailored
      yang sesuai dengan kebutuhan dan tahap karier masing-              to the needs and career stages of each employee, while
      masing karyawan, sekaligus menjadi dasar bagi perencanaan          also serving as the foundation for future competency
      pengembangan kompetensi dan suksesi kepemimpinan di                development and leadership succession planning.
      masa mendatang.




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Kesetaraan Gender [IDX S-01]
Gender Equality [IDX S-01]

                                     2025                                     2024                                      2023

                       Laki-laki            Perempuan           Laki-laki            Perempuan            Laki-laki            Perempuan
 Level Jabatan           Male                 Female              Male                 Female               Male                 Female
   Job Level        Jumlah               Jumlah              Jumlah               Jumlah              Jumlah                Jumlah
                    Pegawai              Pegawai             Pegawai              Pegawai             Pegawai               Pegawai
                                 %                   %                    %                   %                     %                     %
                     Total                Total               Total                Total               Total                 Total
                   Employees            Employees           Employees            Employees           Employees             Employees

 Entry-level            157    47.7%          19    5.8%         171    48.8%          23    6.6%          182    48.5%             24   6.4%

 Mid-level              93     28.3%          28    8.5%         93     26.6%          30    8.6%           96    25.6%             33   8.8%

 Senior-level            16     4.9%           5     1.5%         17     4.8%           5     1.4%          21     5.6%              7   1.9%

 Executive-level          9     2.7%           2    0.6%           8     2.3%           3    0.9%            9     2.4%             3    0.8%

 Total Pegawai
                       275     83.6%          54    16.4%       289     82.5%          61    17.5%        308     82.1%             67   17.9%
 Total Employees



Jumlah Level Pegawai yang Dimiliki oleh Laki-Laki dan Perempuan berdasarkan Kelompok Umur [IDX S-01]
Number of Employees by Gender and Age Group [IDX S-02]

                                     2025                                     2024                                      2023

                       Laki-laki            Perempuan           Laki-laki            Perempuan            Laki-laki            Perempuan
 Rentang Usia            Male                 Female              Male                 Female               Male                 Female
  Age Range         Jumlah               Jumlah              Jumlah               Jumlah              Jumlah                Jumlah
                    Pegawai              Pegawai             Pegawai              Pegawai             Pegawai               Pegawai
                                 %                   %                    %                   %                     %                     %
                     Total                Total               Total                Total               Total                 Total
                   Employees            Employees           Employees            Employees           Employees             Employees

 18-25                   16        5%          2      1%          21        6%          6      2%           46      12%             11     3%

 25-35                  100     30%           38     12%         125     36%           43     12%          135     36%              42    11%

 35-45                  108     33%            9      3%         98      28%            5      1%           91     24%              8      2%

 45-55                   51     16%            5      2%         45      13%            7      2%           36      10%              6     2%

 >55                       -       0%           -     0%            -       0%           -     0%             -       0%             -     0%




Perekrutan Karyawan Baru dan Pergantian Karyawan
New Hires and Employee Turnover
Hingga 31 Desember 2025, Perseroan mempekerjakan 329                     As of December 31, 2025, the Company employed 329
karyawan, atau menurun 6% dibandingkan tahun sebelumnya                  employees, a 6% decrease from the previous year’s total of 350
yang berjumlah 350 karyawan. Sepanjang tahun 2025, terdapat              employees. Throughout 2025, 21 employees terminated their
21 karyawan yang mengakhiri hubungan kerja, sehingga tingkat             employment, resulting in a turnover rate of 6% for the year.
turnover Perseroan pada tahun ini tercatat sebesar 6%.


Untuk memberikan gambaran yang lebih komprehensif                        To provide a more comprehensive overview of workforce
mengenai dinamika ketenagakerjaan, Perseroan juga                        dynamics, the Company also tracks the number of
memantau jumlah karyawan yang direkrut, karyawan yang                    employees hired, employees who left, and the employee
keluar, serta tingkat perputaran tenaga kerja selama tiga tahun          turnover rate over the past three years. The full details are
terakhir. Rincian lengkapnya disajikan pada tabel berikut.               presented in the table below.




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      Tingkat Pegantian Pegawai [IDX S-03]
      Employee Turnover Rate [IDX S-03]

                                                                        2025                         2024                    2023
                          Keterangan
                          Description                         Jumlah Pegawai
                                                                                  %
                                                                                           Jumlah Pegawai
                                                                                                             %
                                                                                                                   Jumlah Pegawai
                                                                                                                                     %
                                                              Total Employees              Total Employees         Total Employees

       Jumlah Pegawai Resign/
       Pemutusan Hubungan Kerja                                          50       15%                 79     23%             157      42%
       Total Employees Resignations/Terminations

       Jumlah Pegawai Baru/pengganti
                                                                         29           9%              54     15%              86      23%
       Total New/Replacement Employees



      Zero Tolerance terhadap Tenaga Kerja Anak dan Kerja Paksa
      Zero Tolerance for Child Labor and Forced Labor
      [OJK F.19] [IDX S-10]

      Perseroan memastikan bahwa seluruh kegiatan pengelolaan                   The Company ensures that all labor management activities,
      ketenagakerjaan, baik di kantor pusat maupun di jaringan                  both at the headquarters and across the Belanja Keramik
      Toko Belanja Keramik, sepenuhnya mematuhi ketentuan                       stores network, fully comply with applicable laws and
      peraturan perundang-undangan, termasuk UU No. 6 Tahun                     regulations, including Law No. 6 of 2023 on the Enactment
      2023 tentang Penetapan Perppu No. 2 Tahun 2022 tentang                    of Government Regulation in Lieu of Law (Perppu) No. 2 of
      Cipta Kerja menjadi Undang-Undang. Kepatuhan ini menjadi                  2022 on Job Creation into Law. This compliance serves as
      landasan utama dalam menciptakan lingkungan kerja yang                    the primary foundation for creating a safe, humane, and
      aman, manusiawi, dan bebas dari segala bentuk eksploitasi.                exploitation-free work environment.


      Sebagai    implementasi      regulasi    tersebut,   Perseroan            In implementing these regulations, the Company has
      menetapkan pengaturan waktu kerja yang sesuai dengan                      established working hours in accordance with the provisions,
      ketentuan, yaitu lima hari kerja per minggu dengan durasi                 namely a five-day workweek with an eight-hour workday
      delapan jam per hari serta waktu istirahat yang memadai. Untuk            and adequate rest periods. For certain positions, such as
      beberapa posisi tertentu, seperti divisi Sales Counter, terdapat          the Sales Counter division, there is a special schedule on
      jadwal khusus di hari Sabtu dengan jam kerja 08.00–11.30                  Saturdays with working hours from 8:00 AM to 11:30 AM.
      siang. Dalam kondisi tertentu ketika posisi tertentu menuntut             In specific circumstances where certain positions require
      pekerjaan melebihi jam kerja normal, Perseroan memberikan                 work beyond normal working hours, the Company provides
      kompensasi lembur sesuai ketentuan hukum yang berlaku                     overtime compensation in accordance with applicable laws
      sebagai bentuk penghargaan terhadap hak karyawan.                         as a form of recognition of employees’ rights.


      Komitmen Perseroan untuk mencegah praktik kerja paksa                     The Company’s commitment to preventing forced labor and
      maupun penggunaan tenaga kerja anak dituangkan secara                     the use of child labor is clearly outlined in the Company
      jelas dalam Peraturan Perusahaan PT Kokoh Inti Arebama                    Regulations of PT Kokoh Inti Arebama Tbk, which have been
      Tbk, yang telah disosialisasikan, dipahami, dan disetujui oleh            communicated, understood, and approved by all employees.
      seluruh karyawan. Kebijakan ini memastikan bahwa tidak                    This policy ensures that no individuals under the age of 18
      ada individu di bawah usia 18 tahun yang dipekerjakan, baik               are employed, either directly or through business partners.
      secara langsung maupun melalui mitra usaha.


      Hingga akhir 2025, Perseroan berhasil mempertahankan                      By the end of 2025, the Company successfully maintained its
      reputasinya sebagai perusahaan publik yang menjunjung                     reputation as a public company that upholds sustainability
      tinggi prinsip-prinsip keberlanjutan, khususnya aspek                     principles, particularly regarding labor practices. This
      ketenagakerjaan. Hal ini tercermin dari tidaknya ditemukan                is reflected in the absence of any reports or complaints




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laporan maupun pengaduan terkait pelanggaran jam kerja,        regarding violations of working hours, forced labor practices,
praktik kerja paksa, ataupun penggunaan tenaga kerja           or the use of child labor, both within the Company’s internal
anak, baik di lingkungan internal Perseroan maupun dalam       environment and throughout its supply chain.
rantai pasoknya.



Membangun Kesejahteraan Melalui Remunerasi yang Setara dan Kompetitif
Building Well-being Through Equitable and Competitive Compensation
[OJK F.20]

Perseroan memandang bahwa karyawan adalah fondasi              The Company views employees as the cornerstone of its
utama keberlangsungan operasional perusahaan. Di tengah        operational sustainability. Amid the ever-changing dynamics
dinamika dan tantangan bisnis yang terus berubah, kontribusi   and challenges of business, the contribution of every individual
setiap individu menjadi faktor penentu dalam menjaga kinerja   is a key factor in maintaining the Company’s performance
dan pertumbuhan Perseroan. Oleh karena itu, keberadaan         and growth. Therefore, employees are regarded not merely
karyawan dianggap bukan sekadar sumber daya, tetapi aset       as resources, but as strategic assets that must be supported
strategis yang perlu didukung melalui kebijakan pengelolaan    through HR management policies focused on well-being,
SDM yang berorientasi pada kesejahteraan, stabilitas, dan      stability, and long-term loyalty.
loyalitas jangka panjang.


Sebagai bentuk apresiasi terhadap dedikasi dan kinerja         As a form of appreciation for employees’ dedication and
karyawan, Perseroan berkomitmen menyediakan struktur           performance, the Company is committed to providing
remunerasi yang adil, proporsional, dan kompetitif             a remuneration structure that is fair, proportional, and
dibandingkan perusahaan sejenis di industri yang sama.         competitive compared to similar companies in the same
Pendekatan ini dilakukan untuk memastikan setiap karyawan      industry. This approach is implemented to ensure that every
menerima imbalan yang mencerminkan nilai kontribusinya         employee receives compensation that reflects the value of
sekaligus mendorong motivasi kerja yang berkelanjutan.         their contributions while fostering sustainable work motivation.


Dalam menetapkan komponen dan besaran remunerasi,              In determining the components and amounts of compensation,
Perseroan menerapkan prinsip fair living wage, dimana          the Company applies the principle of a fair living wage, where
standar kesejahteraan karyawan dan keluarganya menjadi         the well-being of employees and their families is the primary
pertimbangan utama. Prinsip kesetaraan menjadi fondasi         consideration. The principle of equality forms the foundation
dalam kebijakan ini; Perseroan memastikan bahwa remunerasi     of this policy; the Company ensures that remuneration
tidak mengandung bias gender ataupun bentuk diskriminasi       contains no gender bias or other forms of discrimination.
lainnya. Perbedaan nominal hanya terjadi apabila dipengaruhi   Nominal differences occur only when influenced by objective
faktor-faktor objektif seperti kinerja individu, masa kerja,   factors such as individual performance, length of service,
kompetensi, kondisi finansial perusahaan, ketentuan hukum      competencies, the Company’s financial condition, labor laws,
ketenagakerjaan, standar industri, serta acuan Upah Minimum    industry standards, and the Provincial/Regency/Municipal
Provinsi/Kabupaten/Kota.                                       Minimum Wage.


Dengan tetap mengacu pada regulasi mengenai Upah               While adhering to regulations regarding the Regional Minimum
Minimum Regional (UMR) di seluruh lokasi operasional           Wage across all of the Company’s operational locations—
Perseroan baik kantor pusat maupun jaringan Toko Belanja       including the headquarters and the Belanja Keramik store
Keramik—Perseroan memastikan bahwa seluruh karyawan            network—the Company ensures that all employees at the
pada level jabatan terendah telah menerima haknya secara       lowest job levels have received their full entitlements in
penuh dan sesuai ketentuan. Rincian pemenuhan upah             accordance with the regulations. Details regarding compliance
tersebut tercantum dalam tabel berikut.                        with these wages are listed in the table below.




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      Rasio Gaji Karyawan Tetap Golongan Terendah dengan UMR
      Ratio of Lowest Permanent Employee Salary to Regional Minimum Wage

                                                                                  Gaji Karyawan Tetap Golongan Terendah
               Wilayah Operasional                  UMR Tahun 2025                  Lowest Permanent Employee Salary
                Operational Area                      2025 UMR               Tetap         Rasio%        Kontrak          Rasio%
                                                                           Permanent       Ratio%        Contract         Ratio %

      Kantor Pusat
                                                           Rp5,396,761     Rp5,396,761        100%      Rp5,396,761           100%
      Head Office
      Gudang Cabang Bandung
                                                           Rp4,482,914    Rp44,482,914        100%                  -               -
      Bandung Warehouse
      Gudang Cabang Gresik
                                                           Rp4,874,133    Rp5,082,854         104%      Rp4,874,133           100%
      Gresik Warehouse
      Belanja Keramik Cileungsi
                                                            Rp4,877,211                -            -    Rp4,877,211          100%
      Shop for Ceramics in Cileungsi
      Belanja Keramik Cikarang
                                                           Rp5,558,514                 -            -   Rp5,558,514           100%
      Shop for Ceramics in Cikarang
      Belanja Keramik Bekasi Kaliabang
                                                           Rp5,690,752                 -            -   Rp5,690,752           100%
      Shop for Ceramics in Bekasi Kaliabang
      Belanja Keramik Kranji
                                                           Rp5,690,752                 -            -   Rp5,690,752           100%
      Shop for Ceramics in Kranji
      Belanja Keramik Cipondoh
                                                           Rp5,069,707                 -            -   Rp5,069,707           100%
      Shop for Ceramics in Cipondoh
      Belanja Keramik Cibinong
                                                            Rp4,877,211                -            -    Rp4,877,211          100%
      Shop for Ceramics in Cibinong
      Belanja Keramik Ciledug
                                                           Rp5,069,707                 -            -   Rp5,069,707           100%
      Shop for Ceramics in Ciledug
      Belanja Keramik Cinere
                                                           Rp5,195,720                                  Rp5,195,720           100%
      Shop for Ceramics in Cinere
      Belanja Keramik Bojongsari
                                                           Rp5,195,720                 -            -   Rp5,195,720           100%
      Shop for Ceramics in Bojongsari
      Belanja Keramik Lakarsantri
                                                           Rp5,032,635                 -            -   Rp5,032,635           100%
      Shop for Ceramics in Lakarsantri
      Belanja Keramik Benowo
                                                           Rp5,032,635                 -            -   Rp5,032,635           100%
      Shop for Ceramics in Benowo
      Belanja Keramik Gunung Anyar
                                                           Rp5,032,635                 -            -   Rp5,032,635           100%
      Shop for Ceramics in Gunung Anyar
      Belanja Keramik Pandu Raya
                                                           Rp5,126,897                 -            -   Rp5,126,897           100%
      Shop for Ceramics in Pandu Raya
      Belanja Keramik Gading Kasri
                                                           Rp3,524,238                 -            -   Rp3,524,238           100%
      Shop for Ceramics in Gading Kasri
      Belanja Keramik Batu Tulis
                                                           Rp5,126,897                 -            -   Rp5,126,897           100%
      Shop for Ceramics in Batu Tulis
      Belanja Keramik Ciomas
                                                            Rp4,877,211                -            -    Rp4,877,211          100%
      Shop for Ceramics in Ciomas
      Belanja Keramik Pattimura
                                                           Rp3,360,466                 -            -   Rp3,360,466           100%
      Shop for Ceramics in Pattimura
      Belanja Keramik Blimbing
                                                           Rp3,524,238                 -            -   Rp3,524,238           100%
      Shop for Ceramics in Blimbing
      Belanja Keramik Pondok Gede
                                                           Rp5,690,752                 -            -   Rp5,690,752           100%
      Shop for Ceramics in Pondok Gede
      Belanja Keramik Cilegon
                                                           Rp5,128,084                 -            -   Rp5,128,084           100%
      Shop for Ceramics in Cilegon




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Selain menerima gaji pokok, karyawan Perseroan juga             In addition to receiving basic salary, the Company’s employees
memperoleh berbagai bentuk tunjangan yang dirancang untuk       are entitled to various forms of allowances designed to
mendukung kesejahteraan dan kenyamanan bekerja. Ragam           support their welfare and enhance workplace comfort. These
tunjangan tersebut mencerminkan apresiasi Perseroan atas        benefits reflect the Company’s appreciation of each individual’s
pengalaman, keahlian, serta kontribusi tiap individu dalam      experience, expertise, and contributions in carrying out
menjalankan fungsi operasional.                                 operational functions.


Di samping tunjangan finansial, Perseroan menyediakan           In addition to financial allowances, the Company provides
manfaat non-tunai yang komprehensif melalui kepesertaan         comprehensive non-cash benefits through participation in
BPJS Kesehatan dan BPJS Ketenagakerjaan. Perseroan juga         the National Health Insurance (BPJS Kesehatan) and the
melengkapi perlindungan tersebut dengan program asuransi        Workers Social Security Program (BPJS Ketenagakerjaan).
kesehatan tambahan yang bekerja sama dengan Allianz.            The Company further complements these protections with
Untuk memastikan kesejahteraan karyawan tetap terjaga           additional health insurance coverage in collaboration with
sepanjang tahun, Perseroan memberikan Tunjangan Hari            Allianz. To ensure employee well-being throughout the year, the
Raya (Idul Fitri dan Natal), bonus kinerja bagi cabang atau     Company provides religious holiday allowances (Eid al-Fitr and
karyawan berprestasi, serta berbagai bentuk tunjangan lain      Christmas), performance-based bonuses for high-performing
sesuai kebutuhan dan ketentuan yang berlaku.                    branches or employees, as well as various other allowances in
                                                                accordance with applicable needs and regulations.



Pemenuhan Hak-Hak Karyawan Termasuk Karyawan Perempuan
Fulfillment of Employee Rights, Including Female Employees
[OJK F.21]

Perseroan berkomitmen untuk memenuhi seluruh hak                The Company is committed to fulfilling all labor rights for
ketenagakerjaan bagi setiap individu, baik yang berstatus       every individual, both permanent and contract employees. All
sebagai karyawan tetap maupun karyawan kontrak. Seluruh         compensation and benefits provided are consistently aligned
kompensasi dan fasilitas yang diberikan selalu disesuaikan      with applicable labor laws and mutually agreed employment
dengan ketentuan hukum ketenagakerjaan serta perjanjian         contracts, ensuring that every employee receives fair and
kerja yang telah disepakati, sehingga setiap karyawan           transparent treatment.
memperoleh perlakuan yang adil dan transparan.


Sebagai bagian dari tanggung jawab perusahaan dalam             As part of its corporate responsibility to foster a safe and
menciptakan lingkungan kerja yang aman dan inklusif,            inclusive working environment, the Company provides special
Perseroan memberikan perlindungan khusus bagi karyawan          protections for female employees, including 90 calendar days
perempuan, termasuk pemberian hak cuti melahirkan selama        of maternity leave with full salary payment. The Company also
90 hari kalender dengan pembayaran upah penuh. Perseroan        ensures that female employees are entitled to return to their
juga memastikan karyawan perempuan dapat kembali bekerja        original positions upon completion of their maternity leave. In
pada posisi semula setelah masa cutinya berakhir. Selain itu,   addition, the Company supports male employees by granting
Perseroan turut memberikan dukungan kepada karyawan             paternity leave of two (2) days with full salary payment to
laki-laki dengan menyediakan hak cuti pendampingan istri        accompany their spouses during childbirth.
melahirkan selama 2 (dua) hari dengan upah dibayar penuh.


Sepanjang tahun 2025, Perseroan telah memberikan special        Throughout 2025, the Company granted special leave to
leave kepada 22 karyawan. Dari jumlah tersebut, 3 karyawan      22 employees. Of this number, 3 female employees utilized
perempuan memanfaatkannya untuk cuti melahirkan,                maternity leave, while 19 male employees took leave to support
sementara 19 karyawan laki-laki mengambil cuti untuk            their spouses during childbirth.
mendampingi proses kelahiran anak mereka.




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      Menghadirkan Lingkungan Kerja yang Aman Menuju Produktivitas Berkelanjutan
      Creating a Safe Working Environment Toward Sustainable Productivity
      [OJK F.21] [IDX S-11]

      Perseroan memandang bahwa aspek Keselamatan dan                   The Company considers Occupational Health and Safety
      Kesehatan Kerja (K3) merupakan elemen fundamental                 (OHS) as a fundamental element in supporting operational
      dalam mendukung kelancaran kegiatan operasional dan               continuity and long-term productivity. Although the
      produktivitas jangka panjang. Walaupun karakteristik usaha        Company’s business activities are not classified as high-risk,
      Perseroan tidak tergolong berisiko tinggi, komitmen untuk         maintaining a zero-accident target remains a top priority.
      menjaga kondisi zero accident tetap menjadi prioritas utama.      This commitment also reflects compliance with applicable
      Upaya ini sekaligus merupakan bentuk kepatuhan terhadap           regulations, including Law No. 1 of 1970 on Work Safety
      ketentuan perundang-undangan yang berlaku, termasuk UU            and Minister of Manpower Regulation No. 26 of 2014 on
      No. 1 Tahun 1970 tentang Keselamatan Kerja dan Peraturan          the Implementation of the Occupational Safety and Health
      Menteri Ketenagakerjaan No. 26 Tahun 2014 tentang                 Management System Assessment.
      Penyelenggaraan Penilaian Penerapan Sistem Manajemen
      Keselamatan dan Kesehatan Kerja.


      Dalam penerapannya, Perseroan memastikan seluruh sarana           In its implementation, the Company ensures that all
      dan prasarana pendukung K3 tersedia dengan baik, mulai dari       supporting OHS facilities and infrastructure are properly
      fasilitas pencegahan kecelakaan, perangkat tanggap darurat,       provided, including accident prevention facilities, emergency
      hingga mekanisme mitigasi risiko di area operasional. Selain      response equipment, and risk mitigation mechanisms
      mengikuti standar nasional, Perseroan juga menerapkan             within operational areas. In addition to national standards,
      Life Saving Rules (LSR)—ketentuan keselamatan utama               the Company implements the Life Saving Rules (LSR)—
      dari Siam Cement Group (SCG) yang berlaku bagi seluruh            key safety requirements established by the Siam Cement
      karyawan maupun kontraktor, khususnya yang bekerja di area        Group (SCG), applicable to all employees and contractors,
      dengan tingkat risiko kecelakaan lebih tinggi. Untuk menjaga      particularly those working in higher-risk operational areas.
      kepatuhan dan kedisiplinan, Perseroan menetapkan sanksi           To ensure compliance and discipline, the Company enforces
      tegas bagi setiap pelanggaran terhadap LSR.                       strict sanctions for any violations of the LSR.


      Sebagai bentuk penguatan budaya keselamatan, Perseroan            As part of strengthening the safety culture, the Company
      secara rutin menyelenggarakan pelatihan K3 (non-sertifikasi)      conducts regular internal OHS training (non-certification-
      secara internal. Pelatihan ini bertujuan meningkatkan             based). These training sessions aim to enhance employees’
      kesadaran karyawan mengenai pentingnya perilaku kerja aman        awareness of safe working behavior and individual
      serta tanggung jawab individu dalam menjaga keselamatan           responsibility in ensuring their own safety as well as that
      diri sendiri dan rekan kerja. Dengan dukungan sumber daya         of their colleagues. Supported by adequate resources and
      yang memadai dan komitmen yang konsisten, Perseroan terus         consistent commitment, the Company continues to foster
      berupaya membangun lingkungan kerja yang aman, sehat,             a safe and healthy working environment that supports
      serta mampu menunjang produktivitas secara berkelanjutan.         sustainable productivity.




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                PERATURAN KESELAMATAN UTAMA
                (LIFE SAVING RULES)

                            Gunakan alat pelindung jatuh saat bekerja di ketinggian lebih dari 1.8 meter.
              RULE 1        Use fall protection equipment when working outside a protective environment where one can fall from
                            height over 1.8 meters.



                            Matikan suplai listrik dan sumber energi lain dan gunakan sistem lockout/tagout.
              RULE 2        Cut off electricity supply and energy sources and use lockout/tagout system.



                            Mendapat persetujuan sebelum mematikan peralatan keselamatan atau sistem keselamatan.
              RULE 3        Obtain authorization before overriding or disabling safety equipment or safety system.



                            Mendapat persetujuan sebelum memasuki ruang terbatas.
              RULE 4        Obtain authorization before entering a confined space.



                            Laksanakan pekerjaan dengan izin kerja yang sah/sudah disetujui, apabila diperlukan.
              RULE 5        Work with a valid work permit and obtain authorization when required.


                            Dilarang mengkonsumsi minuman beralkohol atau zat aditif sebelum atau ketika bekerja,
                            mengemudikan kendaraan bermotor atau mengendarai sepeda motor.
              RULE 6        Refrain from drinking alcoholic beverages or using addictive substances prior to or while working,
                            driving a motor vehicle or riding a motorcycle.


                            Gunakan sabuk pengaman ketika melakukan perjalanan di dalam kendaraan bermotor.
              RULE 7        Wear a safety belt when traveling in a motor vehicle.



                            Gunakan helm pelindung ketika mengendarai sepeda motor
              RULE 8        Wear a safety helmet when riding a motorcycle.



                            Dilarang menggunakan telepon seluler tanpa perangkat hands-free ketika mengemudikan kendaraan
              RULE 9        bermotor atau mengendarai sepeda motor.
                            Refrain from using mobile phone without hands-free device while driving a motor vehicle or riding a motorcycle.



                            Dilarang memarkir truk di tepi jalan
              RULE 10       Do not park on the road shoulder or beside of road.



Sepanjang tahun 2025, Perseroan mencatatkan kinerja K3                 Throughout 2025, the Company recorded a positive Occupational
yang positif dengan capaian zero accident tanpa satu pun               Health and Safety (OHS) performance, achieving zero accidents
kejadian kecelakaan kerja fatal. Tabel berikut menyajikan              with no fatal workplace incidents. The following table presents
data kecelakaan kerja selama tiga tahun terakhir:                      the occupational accident data over the past three years:


Jumlah Kecelakaan Kerja [IDX S-06]
Number of Workplace Accidents [IDX S-06]

                                           Keterangan
                                                                                                          2025         2024       2023
                                            Description

 Frekuensi Kecelakaan Kerja dari Total Pegawai
                                                                                                            0            0          0
 Work-Related Injury Rate among Total Employees

 Persentase Kecelakaan Kerja Serius yang Berakibat Cedera Serius dan Fatal dari Total Pegawai (%)
                                                                                                            0            0          0
 Rate of Serious and Fatal Work-Related Injuries among Total Employees (%)



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      Program Pelatihan dan Pengembangan Kompetensi Karyawan
      Employee Training and Competency Development Program
      [OJK F.22]

      Perseroan menyediakan kesempatan bagi seluruh karyawan           The Company provides opportunities for all employees
      untuk meningkatkan kompetensi melalui berbagai program           to enhance their competencies through various training
      pelatihan dan pendidikan, baik yang diselenggarakan secara       and educational programs, both internally and externally
      internal maupun eksternal. Inisiatif ini merupakan bagian        conducted. This initiative forms part of the Company’s strategy
      dari strategi perusahaan untuk membangun organisasi              to build a talent-based organization, in which the development
      berbasis talenta, dimana pengembangan kemampuan dan              of employees’ skills and knowledge serves as the foundation
      pengetahuan karyawan menjadi fondasi bagi kinerja yang           for superior performance and professional accountability.
      unggul dan tanggung jawab profesional.


      Perencanaan program pelatihan tahunan dilakukan                  Annual training program planning is based on the identification
      berdasarkan identifikasi kebutuhan pengembangan setiap           of each employee’s development needs in accordance with
      karyawan sesuai dengan peran dan tanggung jawabnya,              their roles and responsibilities, ensuring alignment with the
      sehingga selaras dengan proses bisnis dan tujuan strategis       Company’s business processes and strategic objectives. This
      Perseroan. Pendekatan ini menunjukkan komitmen                   approach demonstrates the Company’s ongoing commitment
      berkelanjutan perusahaan dalam memelihara talenta,               to nurturing talent, enhancing skills, and fostering a productive
      meningkatkan keterampilan, dan menciptakan tenaga kerja          and reliable workforce.
      yang produktif serta andal.


      Sepanjang tahun 2025, Perseroan menyelenggarakan 6               Throughout 2025, the Company conducted six training
      program pelatihan dengan total durasi 336 jam, yang diikuti      programs with a total duration of 336 hours, attended by 11
      oleh 11 karyawan dari berbagai fungsi dan level jabatan.         employees from various functions and job levels. All training
      Seluruh program pelatihan tersebut difasilitasi oleh Tim         programs were facilitated by the Learning Excellence Center
      Learning Excellence Center PT SCG Indonesia, sehingga            Team of PT SCG Indonesia, resulting in no additional costs
      tidak menimbulkan biaya tambahan bagi Perseroan maupun           incurred by either the Company or the employees. This
      karyawan. Inisiatif ini sekaligus mencerminkan komitmen          initiative reflects the Company’s commitment to continuously
      Perseroan dalam memperkuat kompetensi SDM secara                 strengthening human capital competencies through inclusive
      berkelanjutan melalui akses pembelajaran yang inklusif           and efficient access to learning opportunities.
      dan efisien.


      Rincian rata-rata jam pelatihan, jumlah karyawan yang            Details on the average training hours, number of employees
      mengikuti pelatihan, serta persentase partisipasi pelatihan      participating in training, and the training participation rate over
      dalam tiga tahun terakhir disajikan pada tabel berikut:          the past three years are presented in the following table:


      Pelatihan dan Pengembangan Pegawai [IDX S-05]
      Employee Training and Development [IDX S-05]

                                                 Keterangan
                                                                                                    2025          2024         2023
                                                  Description

       Jumlah Karyawan
                                                                                                        329           350          375
       Total Employee
       Jumlah Pegawai yang Ikut Serta dalam Program Pelatihan
                                                                                                           11            6           33
       Number of Employees Participating in Training Programs
       Jumlah Jam Pelatihan
                                                                                                        336            88             8
       Total Training Hours
       Rata-rata Jam Pelatihan                                                                       31 jam/      15 jam/     0,24 jam/
       Average Training Hours                                                                           hour         hour          hour
       Persentase Jumlah Pegawai yang Ikut serta dalam Pelatihan (%)
                                                                                                      3,34%         1,71%         8,8%
       Percentage of Employees Participating in Training (%)




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Mekanisme Pengaduan Masalah Ketenagakerjaan
Grievance Mechanism for Employment-Related Issues

Perseroan berkomitmen menciptakan lingkungan kerja               The Company is committed to fostering a comfortable and
yang nyaman dan harmonis dengan seluruh karyawan,                harmonious working environment for all employees, thereby
sehingga loyalitas dan keterlibatan mereka terhadap              maintaining their loyalty and engagement toward the
perusahaan tetap terjaga. Salah satu upaya yang dilakukan        organization. One of the measures implemented is the provision
adalah menyediakan mekanisme resmi bagi karyawan untuk           of a formal mechanism for employees to submit feedback,
menyampaikan kritik, masukan, maupun pengaduan terkait           suggestions, or employment-related complaints through the
ketenagakerjaan melalui Divisi SDM.                              Human Resources Division.


Setiap pengaduan yang diterima akan diteruskan kepada            All complaints received are forwarded to the relevant
supervisor terkait untuk ditindaklanjuti. Jika pengaduan         supervisors for follow-up actions. In cases where complaints
tergolong serius, isu tersebut akan dibahas dalam rapat          are considered serious, the issues are discussed in the Human
bulanan Divisi SDM bersama Manajemen untuk mencari solusi        Resources Division’s monthly meeting with Management to
terbaik yang adil dan efektif.                                   determine the most appropriate, fair, and effective resolution.


Sepanjang tahun 2025, Perseroan tidak menerima pengaduan         Throughout 2025, the Company did not receive any complaints
yang terkait hubungan industrial maupun isu ketenagakerjaan      related to industrial relations or other employment-related
lainnya, menunjukkan terciptanya suasana kerja yang harmonis     issues, reflecting a harmonious and trust-based working
dan saling percaya antara perusahaan dan karyawan.               relationship between the Company and its employees.




Aspek Kemasyarakatan
Social Aspects

INFORMASI KEGIATAN ATAU WILAYAH OPERASIONAL YANG MENGHASILKAN
DAMPAK POSITIF DAN DAMPAK NEGATIF TERHADAP MASYARAKAT SEKITAR
INFORMATION ON ACTIVITIES OR OPERATIONAL AREAS GENERATING POSITIVE
AND NEGATIVE IMPACTS ON LOCAL COMMUNITIES


Memberikan Manfaat Nyata bagi Masyarakat di Wilayah Operasi
Delivering Tangible Benefits to Communities in Operational Areas
[OJK F.23]

Sebagai distributor bahan bangunan, Perseroan meyakini           As a building materials distributor, the Company believes
bahwa setiap aktivitas bisnisnya tidak hanya mendorong           that every business activity not only drives corporate growth
pertumbuhan perusahaan, tetapi juga memberikan dampak            but also generates positive impacts for the communities
positif bagi masyarakat dan pihak-pihak yang terlibat langsung   and stakeholders directly involved in the business value
dalam rantai bisnis. Kehadiran gerai Toko Belanja Keramik di     chain. The presence of Belanja Keramik retail outlets across
berbagai wilayah operasi berkontribusi pada penciptaan           various operational areas contributes to job creation while
lapangan kerja, sekaligus mendukung pertumbuhan                  supporting local economic growth.
ekonomi lokal.


Selain itu, ribuan produk berkualitas yang tersedia di           In addition, the wide range of quality products available
seluruh gerai memberikan kemudahan bagi kontraktor               across all outlets provides convenience for contractors
dan masyarakat yang membutuhkan bahan bangunan,                  and the general public in need of building materials,
sehingga menciptakan nilai tambah nyata bagi konsumen            thereby creating tangible added value for customers and
dan komunitas. Perseroan juga menyalurkan manfaat sosial         the broader community. The Company also delivers social
melalui program Tanggung Jawab Sosial dan Lingkungan             benefits through its Corporate Social and Environmental
(TJSL) yang berfokus pada bidang pendidikan, guna                Responsibility programs, with a focus on education to
meningkatkan kesejahteraan masyarakat secara lebih luas.         enhance community welfare more broadly.


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      Di sisi lain, Perseroan menyadari potensi dampak negatif,         On the other hand, the Company recognizes the potential
      termasuk terhadap lingkungan atau risiko sosial yang              for negative impacts, including environmental or social risks
      muncul dari pengelolaan limbah dan sampah. Oleh karena itu,       arising from waste and refuse management. Therefore, the
      Perseroan senantiasa mengelola seluruh aktivitas operasional      Company consistently manages all operational activities
      secara bertanggung jawab, dengan memperhatikan prinsip            responsibly by adhering to Environmental, Social, and
      Lingkungan, Sosial, dan Tata Kelola (LST) untuk meminimalkan      Governance (ESG) principles to minimize adverse impacts.
      dampak negatif.


      Memperkuat Komitmen Sosial melalui Program
      Tanggung Jawab Sosial dan Lingkungan (“TJSL”) Tahun 2025
      Strengthening Social Commitment Through the 2025
      Corporate Social and Environmental Responsibility Program
      [OJK F.25] [IDX S-12]

      Keberlangsungan operasional Toko Belanja Keramik di tengah        The continuity of Belanja Keramik stores’ operations amid
      persaingan ritel yang semakin kompetitif tidak terlepas           increasingly competitive retail conditions is inseparable
      dari strategi bisnis yang tepat serta dukungan masyarakat         from sound business strategies and the support of local
      di sekitar wilayah operasi. Perseroan memandang bahwa             communities within its operational areas. The Company views
      hubungan yang harmonis dengan komunitas lokal merupakan           harmonious relationships with local communities as a key
      fondasi penting bagi pertumbuhan jangka panjang. Oleh             foundation for long-term growth. Therefore, a sustainable
      karena itu, pendekatan bisnis berkelanjutan terus diterapkan      business approach is continuously implemented to ensure that
      agar manfaat yang tercipta tidak hanya dirasakan pemegang         the benefits generated are not only enjoyed by shareholders
      saham, tetapi juga seluruh pemangku kepentingan.                  but also by all stakeholders.


      Sebagai perwujudan komitmen keberlanjutannya, Perseroan           As a manifestation of its sustainability commitment, the
      menjalankan berbagai program Tanggung Jawab Sosial                Company consistently implements various Corporate Social
      dan Lingkungan (TJSL) secara konsisten untuk memberikan           and Environmental Responsibility programs to deliver
      manfaat sosial yang terukur bagi masyarakat di sekitar            measurable social benefits to communities surrounding its
      wilayah operasional. Seluruh inisiatif ini dirancang sejalan      operational areas. All initiatives are designed in alignment
      dengan prinsip-prinsip pembangunan berkelanjutan serta            with sustainable development principles and support the
      mendukung pencapaian Tujuan Pembangunan Berkelanjutan             achievement of the Sustainable Development Goals (SDGs),
      (SDGs), khususnya pada aspek pendidikan, pemberdayaan             particularly in the areas of education, social empowerment,
      sosial, dan peningkatan kesejahteraan komunitas. Melalui          and community welfare improvement. Through this approach,
      pendekatan ini, Perseroan berupaya memastikan bahwa               the Company seeks to ensure that business growth proceeds
      pertumbuhan bisnis dapat berjalan beriringan dengan               in parallel with continuous positive contributions to society.
      kontribusi positif yang berkelanjutan bagi masyarakat.


      Program Beasiswa: Sharing the Dream 2025                          Scholarship Program: Sharing the Dream 2025
      Pada tahun 2025, Perseroan bersama SCG Indonesia kembali          In 2025, the Company, in collaboration with SCG Indonesia,
      menyelenggarakan program “Sharing the Dream”. Inisiatif ini       once again implemented the “Sharing the Dream” program.
      memberikan dukungan pendidikan kepada lebih dari 427 pelajar      This initiative provides educational support to more than
      di berbagai wilayah Indonesia, terdiri dari 415 siswa SMA/        427 students across various regions in Indonesia, consisting
      sederajat dan 12 mahasiswa. Program ini tidak hanya membantu      of 415 senior high school (or equivalent) students and 12
      penerima untuk melanjutkan pendidikan formal, tetapi juga         university students. The program not only supports recipients
      mendorong pembangunan sumber daya manusia yang berdaya            in continuing their formal education but also contributes to
      saing dan berkontribusi bagi masa depan Indonesia.                the development of a competitive human capital base capable
                                                                        of contributing to Indonesia’s future development.


      Sejak diselenggarakan pertama kali 13 tahun lalu, program         Since its inception 13 years ago, the program has awarded
      ini telah memberikan 4.887 beasiswa kepada lebih dari             4,887 scholarships to more than 17,000 applicants, with a
      17.000 pendaftar, dengan total dana tersalurkan lebih dari        total fund disbursement exceeding Rp22 billion. In addition,
      Rp22 miliar. Selain itu, sebanyak 11 proyek komunitas telah       11 community projects have been implemented together with
      dijalankan bersama penerima beasiswa terpilih, memberikan         selected scholarship recipients, benefiting approximately
      manfaat langsung kepada sekitar 1.100 penerima manfaat,           1,100 beneficiaries directly. This demonstrates the
      menunjukkan komitmen program dalam menciptakan dampak             program’s commitment to creating tangible and sustainable
      sosial yang nyata dan berkelanjutan.                              social impact.




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Melalui program ini, Perseroan menunjukkan komitmen          Through this program, the Company reaffirms its long-term
berkelanjutannya dalam menciptakan nilai sosial jangka       commitment to creating sustainable social value, particularly
panjang, terutama di 9 (sembilan) wilayah operasional        across its nine operational regions. Collaboration with the SCG
Perseroan. Kolaborasi dengan SCG Group turut memperkuat      Group further strengthens the Company’s efforts to promote
upaya Perseroan dalam mempromosikan pemerataan akses         equitable access to education and to implement sustainability
pendidikan serta mengimplementasikan prinsip-prinsip         principles in a concrete manner within the community.
keberlanjutan secara nyata di tengah masyarakat.

Penerima SCG Scholars Tahun 2025 - Kategori Senior High School
2025 SCG Scholars Recipients - Senior High School Category

                                                                                          Gender
                             Kota
                             City
                                                                     Laki-laki/Male                  Perempuan/Female
 Bekasi                                                                     18                                 41
 Sukabumi                                                                   44                                 121
 Jakarta                                                                    12                                 46
 Lebak                                                                      5                                   8
 Bogor                                                                      18                                 40
 Karawang                                                                   13                                 32
 Tangerang Selatan/South Tangerang                                          4                                   9
 Gresik                                                                     3                                   0
 Surabaya                                                                   0                                   1
 Jumlah/Total                                                              117                                298


Penerima SCG Scholars Tahun 2025 - Kategori Undergraduate
2025 SCG Scholars Recipients - Undergraduate Category


                             Kota                                                         Gender
                             City
                                                                     Laki-laki/Male                  Perempuan/Female
 Bekasi                                                                      1                                  0
 Bogor                                                                       1                                  0
 Jakarta                                                                    2                                   1
 Karawang                                                                   0                                   2
 Lebak                                                                      0                                   0
 Sukabumi                                                                    1                                  1
 Tangerang Selatan/South Tangerang                                           1                                  0
 Bandung                                                                    0                                   1
 Sidoarjo                                                                   0                                   1
 Jumlah/Total                                                               6                                   6


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      ESG Symposium 2025 Indonesia                                        ESG Symposium 2025 Indonesia
      Selain fokus pada bidang pendidikan, Perseroan juga berperan        In addition to its focus on the education sector, the Company
      aktif dalam inisiatif keberlanjutan yang lebih luas melalui         also plays an active role in broader sustainability initiatives
      keterlibatannya dalam ESG Symposium 2025 Indonesia, yang            through its participation in the ESG Symposium 2025
      diselenggarakan pada 2 Desember 2025 di Jakarta oleh SCG            Indonesia, held on December 2, 2025, in Jakarta by the SCG
      Group. Mengusung tema “Decarbonizing for Our Sustainable            Group. With the theme “Decarbonizing for Our Sustainable
      Tomorrow”, acara ini menjadi platform kolaborasi penting            Tomorrow,” the event served as an important collaborative
      antara pemerintah, dunia usaha, akademisi, dan masyarakat           platform between government, business, academia, and
      untuk mempercepat transisi menuju ekonomi rendah karbon.            society to accelerate the transition toward a low-carbon
      Forum ini membahas isu-isu strategis seperti dekarbonisasi          economy. The forum addressed strategic issues such as
      industri, inovasi sirkular, dan teknologi rendah emisi sebagai      industrial decarbonization, circular innovation, and low-
      pendorong pertumbuhan hijau di Indonesia.                           emission technologies as drivers of green growth in Indonesia.


      Partisipasi Perseroan dalam simposium ini menegaskan                The Company’s participation in this symposium reaffirms
      komitmen berkelanjutan perusahaan dalam menerapkan                  its ongoing commitment to the implementation of ESG 4
      prinsip ESG 4 Plus, serta mengukuhkan kontribusi                    Plus principles, while also strengthening its contribution to
      Perseroan terhadap pembangunan nasional yang inklusif,              inclusive, resilient, and environmentally responsible national
      berketahanan, dan ramah lingkungan. Melalui kolaborasi              development. Through continuous collaboration with the
      yang berkelanjutan bersama SCG Group, Perseroan                     SCG Group, the Company is committed to expanding the
      bertekad memperluas dampak positif TJSL, baik di bidang             positive impact of its Corporate Social and Environmental
      sosial maupun lingkungan, demi kemajuan masyarakat dan              Responsibility (CSR) initiatives, both in social and
      keberlanjutan bisnis di masa depan.                                 environmental aspects, in support of community advancement
                                                                          and long-term business sustainability.


       Periode Pelaksanaan         2 Desember 2025
       Implementation Period       December 2, 2025

       Tujuan Pembangunan
       Berkelanjutan
       Sustainable
       Development Goals

       Dampak Kegiatan             Melalui gelaran ESG Symposium 2025, SCG berharap pertemuan ini dapat menjadi titik tolak
       Impact of Activities        bagi para pemangku kepentingan untuk bertindak lebih cepat, terukur, dan terintegrasi. Dengan
                                   mengintegrasikan pertumbuhan ekonomi dan stabilitas lingkungan, SCG optimis target Indonesia
                                   Emas 2045 dan Net Zero Carbon 2060 dapat tercapai, menjamin masa depan yang tangguh dan
                                   berkelanjutan bagi Indonesia.
                                   Through the ESG Symposium 2025, SCG hopes this event will serve as a starting point for stakeholders
                                   to take faster, more measurable, and more integrated action. By integrating economic growth and
                                   environmental stability, SCG is optimistic that the Indonesia Emas 2045 and Net Zero Carbon 2060
                                   targets can be achieved, ensuring a resilient and sustainable future for Indonesia.



      Saluran Pengaduan Masyarakat
      Community Grievance Mechanism
      [OJK F.24]

      Sebagai bagian dari tanggung jawab sosial kepada komunitas          As part of its social responsibility toward surrounding
      sekitar, Perseroan menyediakan mekanisme pengaduan yang             communities, the Company provides a grievance mechanism
      dapat diakses oleh masyarakat untuk menyampaikan keluhan,           accessible to the public to submit complaints, reports, or
      laporan, atau masukan terkait potensi dampak negatif yang           feedback related to potential negative impacts that may arise
      mungkin timbul dari kegiatan operasional Toko Belanja Keramik.      from the operational activities of Belanja Keramik stores.
      Melalui saluran ini, Perseroan memastikan setiap laporan dapat      Through this channel, the Company ensures that all reports
      ditindaklanjuti secara transparan dan bertanggung jawab.            are followed up in a transparent and accountable manner.



                       Telepon                                                          Email
                       Telephone                                                        Email

                       021-7971190/7971153                                              audit@pt-kokoh.com


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Sepanjang tahun 2025, Perseroan tidak menerima                    Throughout 2025, the Company did not receive any significant
pengaduan signifikan dari masyarakat terkait kegiatan             complaints from the public related to the operational activities
operasional Toko Belanja Keramik, mencerminkan efektivitas        of Belanja Keramik stores, reflecting the effectiveness of the
mekanisme pengaduan dan harmonisasi hubungan dengan               grievance mechanism and the harmonious relationship with
komunitas sekitar.                                                surrounding communities.




Tanggung Jawab atas Produk
dan/atau Jasa Berkelanjutan
Responsibility for Sustainable Products and/or Services

Inovasi dan Pengembangan Produk dan/atau Jasa Berkelanjutan
Innovation and Development of Sustainable Products and/or Services
[OJK F.26]

Perseroan terus mendorong inovasi dalam setiap lini bisnisnya,    The Company continuously drives innovation across all
tidak hanya untuk meningkatkan kualitas produk tetapi juga        business lines, not only to enhance product quality but also to
demi menciptakan layanan yang lebih efisien dan ramah             create more efficient and environmentally friendly services.
lingkungan. Dalam kegiatan distribusi, Perseroan menekankan       In its distribution activities, the Company emphasizes driver
keamanan pengemudi, keselamatan masyarakat sekitar, serta         safety, community safety, and product quality protection,
perlindungan kualitas produk, baik saat pengiriman ke Toko        both during deliveries to Belanja Keramik stores and to other
Belanja Keramik maupun ke mitra usaha lainnya.                    business partners.


Penggunaan armada berkapasitas besar seperti truk empat           The use of high-capacity vehicles such as four-axle trucks
sumbu dan pengiriman melalui kapal laut menjadi strategi utama    and sea freight transportation serves as a key strategy to
untuk menekan frekuensi perjalanan, meningkatkan efisiensi        reduce trip frequency, improve logistics efficiency, and
logistik, dan mengurangi jejak karbon. Armada yang telah          lower carbon emissions. Vehicles that have been in operation
beroperasi lebih dari 12 tahun menjalani program perawatan        for more than 12 years are subject to regular maintenance
rutin untuk menjaga kinerja dan keamanan. Perseroan juga          programs to ensure performance and safety. The Company
aktif mengeksplorasi alternatif transportasi ramah lingkungan     also actively explores alternative environmentally friendly
sebagai bagian dari strategi berkelanjutan jangka panjang.        transportation as part of its long-term sustainability strategy.


Sebagai bagian dari SCG Group, inovasi tidak berhenti pada        As part of the SCG Group, innovation extends beyond
distribusi. Setiap langkah bisnis diarahkan untuk menambah        distribution activities. Every business initiative is directed
nilai bagi pelanggan, mulai dari pengembangan produk              toward creating added value for customers, ranging from
keramik hingga layanan pendukung lainnya. Perseroan               ceramic product development to various supporting services.
membangun budaya kerja yang mendorong setiap karyawan             The Company fosters a work culture that encourages
untuk berkontribusi secara maksimal dalam menghadirkan            all employees to contribute optimally in delivering the
pengalaman terbaik bagi pelanggan. Pendekatan ini                 best customer experience. This approach strengthens
memperkuat posisi Perseroan sebagai distributor bahan             the Company’s position as a leading building materials
bangunan unggulan, sekaligus menegaskan komitmen terhadap         distributor while reinforcing its commitment to responsible
praktik bisnis yang bertanggung jawab dan berkelanjutan.          and sustainable business practices.



Dampak yang Dihasilkan dari Produk dan/atau Jasa Berkelanjutan
Impacts Generated from Sustainable Products and/or Services
[OJK F.28]

Perseroan menempatkan prinsip people, planet, dan profit          The Company applies the principles of people, planet,
sebagai landasan dalam menjalankan praktik bisnis yang            and profit as the foundation of its sustainable business
berkelanjutan. Dalam kerangka ini, setiap aktivitas operasional   practices. Within this framework, all operational activities
dievaluasi secara berkala untuk mengidentifikasi dampak           are regularly evaluated to identify both positive and
positif maupun negatif. Langkah ini membantu Perseroan            negative impacts. This approach enables the Company to
memitigasi risiko yang berpotensi merugikan perusahaan            mitigate risks that may adversely affect the Company and


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      maupun pemangku kepentingan, sekaligus memaksimalkan                its stakeholders, while maximizing benefits for society, the
      manfaat bagi masyarakat, lingkungan, dan pelanggan.                 environment, and customers.


      Hadirnya Toko “Belanja Keramik” di berbagai wilayah                 The presence of Belanja Keramik stores across various
      Indonesia memberikan kemudahan bagi pelanggan untuk                 regions in Indonesia provides customers with convenient
      memperoleh kebutuhan bahan bangunan dengan nyaman,                  access to building materials at competitive prices and
      harga kompetitif, dan kualitas terjamin. Saat ini, toko             assured quality. Currently, physical stores offer more than
      fisik menyediakan lebih dari 2.000 item produk pilihan,             2,000 selected product items, while the marketplace on the
      sementara marketplace di website https://belanjakeramik.            website https://belanjakeramik.com/ enables customers to
      com/ memfasilitasi pelanggan agar dapat berbelanja                  shop safely and conveniently from home or any location.
      secara aman dan praktis dari rumah atau lokasi mana pun.            The Company’s products and services are designed to serve
      Produk dan layanan Perseroan dirancang untuk memenuhi               diverse customer segments, ranging from construction
      kebutuhan beragam segmen, mulai dari tukang bangunan,               workers and contractors to property developers.
      kontraktor, hingga pengembang properti.


      Selain menciptakan dampak positif melalui produk dan                In addition to generating positive impacts through its
      layanan, Perseroan juga proaktif mengelola dampak negatif           products and services, the Company proactively manages
      dari operasional sehari-hari, seperti konsumsi energi dan           potential negative impacts from its daily operations, such
      pengelolaan limbah. Berbagai inisiatif keberlanjutan yang           as energy consumption and waste management. Various
      diterapkan, seperti efisiensi energi, penghematan air, dan          sustainability initiatives implemented, including energy
      manajemen limbah, merupakan bukti nyata komitmen                    efficiency, water conservation, and waste management,
      Perseroan dalam menjalankan bisnis yang bertanggung                 reflect the Company’s strong commitment to conducting
      jawab dan berkelanjutan.                                            responsible and sustainable business operations.


      Jumlah dan Persentase Produk yang sudah Dievaluasi                  Number and Percentage of Products Evaluated for Customer
      Keamanannya bagi Pelanggan [OJK F.27]                               Safety [OJK F.27]
      Perseroan memastikan seluruh produk keramik maupun non-             The Company ensures that all ceramic and non-ceramic products
      keramik yang dijual di seluruh Toko Belanja Keramik 100% telah      sold across all Belanja Keramik stores have undergone strict
      melewati proses kendali mutu yang ketat dan memenuhi standar        quality control processes and comply with applicable standards
      serta regulasi yang berlaku. Setiap produk juga dilengkapi label    and regulations. Each product is also equipped with labeling
      informasi yang memuat kualitas, spesifikasi, jenis barang, merek,   information detailing quality, specifications, product type, brand,
      dan komposisi material, sehingga pelanggan dapat membuat            and material composition, enabling customers to make informed
      keputusan pembelian yang tepat sesuai kebutuhan.                    purchasing decisions in accordance with their needs.


      Selain itu, Perseroan menjaga penyimpanan produk di                 In addition, the Company ensures proper product storage in
      gudang dengan prosedur keamanan yang sesuai standar,                warehouses under standardized safety procedures to maintain
      guna menjamin kualitas dan keselamatan produk sampai ke             product quality and safety until they reach customers. These
      tangan pelanggan. Langkah-langkah ini menjadi bagian dari           measures reflect the Company’s commitment to delivering
      komitmen Perseroan untuk memberikan layanan terbaik                 excellent service while ensuring customer safety.
      sekaligus menjamin keamanan bagi seluruh pelanggan.


      Jumlah Produk yang Ditarik dari Pasar [OJK F.29]                    Number of Products Withdrawn from the Market [OJK F.29]
      Sepanjang tahun 2025, Perseroan tidak mencatat adanya               Throughout 2025, the Company recorded no product recalls
      penarikan produk dari pasar, baik atas inisiatif regulator          from the market, whether initiated by regulators or by the
      maupun perusahaan sendiri.                                          Company itself.


      Survei Kepuasan Pelanggan dan Mekanisme Pengaduan Pelanggan
      Customer Satisfaction Survey and Customer Complaint Mechanism
      [OJK F.30]

      Perseroan selalu menjunjung tinggi tanggung jawab terhadap          The Company upholds its responsibility to customers by
      pelanggan dengan membuka ruang bagi setiap masukan dan              providing channels for feedback and complaints. Although
      keluhan. Meskipun hingga saat ini belum ada survei formal           no formal customer satisfaction survey has been conducted
      untuk mengukur tingkat kepuasan pelanggan, seluruh sales            to date, all sales representatives are equipped with
      representative telah dibekali pelatihan profesional agar            professional training to deliver excellent service, respond to
      mampu memberikan layanan prima, menjawab pertanyaan,                inquiries, and handle complaints directly at Belanja Keramik
      dan menindaklanjuti keluhan secara langsung di Toko Belanja         stores, either verbally or through complaint forms.
      Keramik, baik secara lisan maupun melalui formulir pengaduan.


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Pengaduan Pelanggan                                              Customer Complaints
Setiap gerai Toko Belanja Keramik menyediakan formulir           Each Belanja Keramik store provides a complaint form
keluhan yang dapat diisi pelanggan. Formulir yang diterima       that can be filled out by customers. Submitted forms are
kemudian dilaporkan oleh sales representative kepada             then reported by sales representatives to management for
manajemen untuk ditindaklanjuti.                                 follow-up actions.


Sepanjang tahun 2025, Perseroan menerima 198 laporan             Throughout 2025, the Company received 198 consumer
pengaduan konsumen, dan seluruh pengaduan tersebut               complaints, all of which were successfully resolved by year-
berhasil diselesaikan dengan baik pada akhir tahun. Jumlah       end. The number of complaints is in line with the variety of
pengaduan ini sejalan dengan ragam produk yang ditawarkan        products offered by the Company in the market.
Perseroan di pasar.


Dukungan terhadap Tujuan Pembangunan Berkelanjutan (TPB) Terkait Kinerja Sosial
Support for the Sustainable Development Goals (SDGs) Related to Social Performance

  Dukungan terhadap TPB                                                Keterangan
       Support for SDGs                                                 Description

                             Penyediaan jaminan dan perlindungan kesehatan bagi karyawan.
                             Provision of health insurance and health protection for employees.



                             Dukungan akses pendidikan melalui beasiswa “Sharing the Dream”
                             serta pengembangan kapasitas penerima manfaat.
                             Support for education access through the “Sharing the Dream”
                             scholarship program and beneficiary capacity development.

                             Penerapan kesetaraan gender dan kebijakan anti pelecehan seksual dalam ketenagakerjaan.
                             Implementation of gender equality and anti-sexual harassment policies in employment practices.



                             Praktik ketenagakerjaan adil, larangan pekerja anak dan kerja paksa, K3 bersertifikasi, pelatihan
                             berkelanjutan, serta penciptaan lapangan kerja dan pemberdayaan ekonomi masyarakat lokal.
                             Fair labor practices, prohibition of child and forced labor, certified OHS system, continuous
                             training, job creation, and local economic empowerment.

                             Peningkatan efisiensi operasional melalui inovasi distribusi dan pemanfaatan platform digital
                             untuk mendukung efektivitas rantai pasok.
                             Enhancing operational efficiency through distribution innovation and digital platforms to support
                             supply chain effectiveness.

                             Penguatan keterlibatan masyarakat melalui program sosial dan pengembangan komunitas di
                             wilayah operasional.
                             Strengthening community engagement through social programs and community development in
                             operational areas.

                             Penerapan praktik konsumsi dan produksi yang bertanggung jawab melalui pengendalian
                             mutu produk secara menyeluruh, penyediaan informasi produk yang transparan, serta
                             pengelolaan energi dan limbah dalam operasional.
                             Implementation of responsible consumption and production practices through
                             comprehensive product quality control, transparent product information, and energy and
                             waste management in operations.

                             Penerapan prinsip hak asasi manusia serta tidak adanya pelanggaran HAM dalam seluruh
                             kegiatan operasional.
                             The application of human rights principles and the absence of human rights violations in all
                             operational activities.




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      Kinerja Lingkungan Hidup: Mendorong
      Operasional Bisnis yang Berkelanjutan
      Environmental Performance: Driving Sustainable
      Business Operations

      Biaya Lingkungan Hidup Tahun 2025
      Environmental Expenditure in 2025
      [OJK F.4]

      Perusahaan       memiliki    komitmen      penuh       dalam      The Company is fully committed to implementing the principles
      mengimplementasikan prinsip Keuangan Berkelanjutan sesuai         of Sustainable Finance in accordance with POJK No. 51/
      dengan POJK No. 51/POJK.03/2017. Pada periode pelaporan           POJK.03/2017. During the reporting period, various Corporate
      tahun ini, berbagai inisiatif tanggung jawab sosial dan           Social and Environmental Responsibility initiatives were
      lingkungan (TJSL) telah kami jalankan dan terintegrasi dalam      carried out and integrated into the operational activities of
      kegiatan operasional masing-masing divisi. Namun demikian,        each division. However, the Company acknowledges that it is
      kami mengakui bahwa saat ini Perusahaan masih dalam tahap         currently in the process of refining its centralized accounting
      penyempurnaan sistem pencatatan akuntansi terpusat untuk          system to separately identify and quantify the allocation of
      memisahkan dan mengkuantifikasi alokasi biaya keberlanjutan       sustainability-related expenditures.
      secara spesifik.



      Penggunaan Material Ramah Lingkungan
      Use of Environmentally Friendly Materials
      [OJK F.5]

      Perseroan secara bertahap mengimplementasikan berbagai            The Company has gradually implemented various initiatives to
      inisiatif untuk menciptakan ekosistem logistik dan pergudangan    create an environmentally friendly logistics and warehousing
      yang ramah lingkungan. Semua peralatan dan mesin berat di         ecosystem. All heavy equipment and machinery in warehouses
      gudang rutin dilakukan perawatan agar kualitasnya terjaga,        are subject to regular maintenance to ensure optimal
      sehingga selain melindungi keselamatan karyawan dan mitra         performance, thereby safeguarding employee and partner
      kerja, produk keramik yang disimpan tetap aman dari kerusakan.    safety while maintaining the integrity of stored ceramic products.


      Selain itu, Perseroan menekankan efisiensi dalam pemanfaatan      In addition, the Company emphasizes efficiency in the use of
      energi, air, dan material yang tidak dapat didaur ulang.          energy, water, and non-recyclable materials. Energy-efficient
      Penggunaan lampu LED hemat energi telah diterapkan di             LED lighting has been implemented across all warehouse
      seluruh area gudang serta toko “Belanja Keramik”, sebagai         areas and Belanja Keramik stores as part of efforts to maintain
      bagian dari upaya menjaga keberlanjutan operasional. Langkah-     operational sustainability. These measures support the
      langkah ini mendukung target jangka panjang perusahaan            Company’s long-term objective of conducting clean, healthy, and
      dalam menghadirkan aktivitas bisnis yang bersih, sehat, dan       environmentally responsible business operations.
      bertanggung jawab terhadap lingkungan.



      Penggunaan dan Efisiensi Pemakaian Energi
      Energy Consumption and Efficiency
      [OJK F.7] [IDX E-03]

      Kebutuhan listrik Perseroan ditopang oleh pasokan PLN.            The Company’s electricity needs are supplied by the national
      Menyadari dampak lingkungan dari energi berbasis fosil,           utility company (PLN). Recognizing the environmental impact
      Perseroan menerapkan inisiatif penghematan listrik dan green      of fossil-based energy, the Company implements electricity-
      office, yang dirancang untuk menurunkan konsumsi energi           saving and green office initiatives designed to reduce energy
      sekaligus mendukung target keberlanjutan jangka panjang,          consumption while supporting long-term sustainability
      antara lain:                                                      targets, including:




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                      Inisiatif Penghematan Energi Listrik
                      Electricity Energy Saving Initiatives
                      • Mengganti lampu neon menjadi lampu berjenis LED.
                      • Menerapkan desain bangunan yang mengusung konsep open air di semua toko Belanja Keramik
                        sehingga mendapatkan sirkulasi udara yang segar dan alami.
                      • Mematikan lampu pada saat jam istirahat atau ruangan tidak digunakan.
                      • Mematikan komputer dan alat elektronik lain yang sudah selesai digunakan sebelum karyawan pulang.
                      • Replacing fluorescent lamps with LED lighting.
                      • Implementing open-air building design across all Belanja Keramik stores to promote natural air circulation.
                      • Turning off lights during break times or when rooms are not in use.
                      • Switching off computers and other electronic equipment after working hours.



Informasi penggunaan energi listrik dan BBM baik di kantor               Information on electricity and fuel consumption at both the
pusat maupun di Toko Belanja Keramik dapat dilihat pada                  head office and Belanja Keramik stores is presented in the
tabel berikut ini:                                                       following table:

                     Keterangan                                Satuan
                                                                                          2025                2024                 2023
                     Description                                 Unit


 Energi Listrik                                     kWh                                     599,135             457,623             473,868
 Electrical Energy                                  GigaJoules                                 2,157               1,647               1,706

 Energi BBM                                         Liter                                    98,934              98,177               80,187
 Fuel Energy                                        GigaJoules                                3,563               3,536               2,888



Intensitas Energi
Energy Intensity
[OJK F.6]

Untuk meningkatkan efisiensi operasional dan mengelola                   To improve operational efficiency and manage energy
konsumsi energi secara lebih bertanggung jawab, Perseroan                consumption more responsibly, the Company conducts periodic
melakukan pemantauan intensitas energi secara berkala                    energy intensity monitoring across all headquarters and Belanja
di seluruh kantor pusat dan gerai Toko Belanja Keramik.                  Keramik retail outlets. This monitoring helps the Company
Pemantauan ini membantu Perseroan mengevaluasi efektivitas               evaluate the effectiveness of energy-saving efforts and identify
upaya penghematan energi serta mengidentifikasi area yang                areas for improvement. Details of the Company’s energy intensity
dapat ditingkatkan. Rincian intensitas energi Perseroan                  during the reporting period are presented in the following table:
selama periode pelaporan disajikan pada tabel berikut:


                     Keterangan                                Satuan
                                                                                         2025                2024                  2023
                     Description                                 Unit

 Total Energi
                                                    GJ                                     6,028.61           5,489.06             4,843.03
 Total Energy

 Pendapatan                                         Jutaan Rupiah
                                                                                          3,194,683          3,134,643             3,195,795
 Revenue                                            Millions of Rupiah

 Intensitas Energi                                  GJ/Jutaan Rupiah
                                                                                               0,001               0,001               0,001
 Energy Intensity                                   GJ/Millions of Rupiah



Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
Emission Intensity by Type
[OJK F.11] [IDX E-01, E-02, E-06]

Sebagai bagian dari Siam Cement Group (SCG), Perseroan                   As part of the Siam Cement Group (SCG), the Company
menerapkan kebijakan dan arah strategis keberlanjutan                    implements sustainability policies and strategic directions




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      yang sejalan dengan Induk Perusahaan, termasuk komitmen                 aligned with the Parent Company, including a commitment
      untuk mencapai Net Zero Emissions pada tahun 2050. Dalam                to achieving Net Zero Emissions by 2050. To support this
      mendukung komitmen tersebut, Perseroan melakukan                        commitment, the Company consistently monitors emission
      pemantauan intensitas emisi secara konsisten berdasarkan                intensity based on each type of emission source. This
      masing-masing jenis sumber emisi. Pengukuran ini                        measurement provides a critical basis for evaluating how to
      memberikan dasar evaluasi yang penting untuk mengelola                  manage and gradually reduce emissions. Details of emission
      dan menurunkan emisi secara bertahap. Rincian intensitas                intensity by type are presented in the following table:
      emisi berdasarkan jenisnya disajikan pada tabel berikut:


                        Keterangan                                   Satuan
                                                                                              2025               2024              2023
                         Description                                  Unit

       Emisi CO2 (Cakupan 1)
                                                        ton CO2 eq                                   265                263               215
       CO2 Emission (Scope 1)

       Emisi CO2 (Cakupan 2)
                                                        ton CO2 eq                                   521                398               412
       CO2 Emission (Scope 2)

       Pendapatan                                       Jutaan Rupiah
                                                                                                 611.942           591.934           562.621
       Revenue                                          Millions of Rupiah

       Intensitas Emisi (Scope 1+2 / Pendapatan)        ton CO2 eq/Jutaan Rupiah
                                                                                                  0,0002            0,0002            0,0002
       Emissions intensity (Scope 1+2 / Revenue)        ton CO2 eq/Millions of Rupiah



      Efisiensi BBM dan Pengendalian Emisi GRK
      Fuel Efficiency and Greenhouse Gas Emission Control
      [OJK F.7] [OJK F.12] [IDX E-07]

      Dalam mendukung kegiatan distribusi dan pemasaran produk                To support the distribution and marketing of products to all
      ke seluruh Toko “Belanja Keramik”, toko retail keramik mitra,           “Belanja Keramik” stores, partner ceramic retail stores, and
      serta lokasi proyek, Perseroan memanfaatkan Bahan Bakar                 project sites, the Company uses petroleum products for its
      Minyak (BBM) untuk kendaraan operasionalnya. Menyadari                  operational vehicles. Recognizing the environmental impact
      dampak lingkungan yang muncul akibat konsumsi BBM,                      resulting from fuel consumption, the Company continues to
      Perseroan terus melaksanakan inisiatif strategis yang                   implement strategic initiatives aimed at reducing Greenhouse
      bertujuan menekan emisi Gas Rumah Kaca (GRK) sekaligus                  Gas (GHG) emissions while maintaining air quality, as has been
      menjaga kualitas udara, sebagaimana telah diterapkan pada               done in previous years.
      tahun-tahun sebelumnya.


                           Inisiatif Penghematan Energi dari Bahan Bakar Minyak (BBM)
                           Fuel Conservation Initiatives
                           • Melakukan pemeliharaan berkala pada seluruh kendaraan operasional;
                           • Memastikan penggunaan BBM yang sesuai dengan Research Octane Number (RON) untuk membantu
                             membersihkan residu karbon pembakaran di dalam mesin.
                           • Conducting regular maintenance on all operational vehicles;
                           • Ensuring the use of fuel with the appropriate Research Octane Number (RON) to help clean combustion
                             carbon residue inside the engine.




      Sepanjang tahun 2025, Perseroan mengalokasikan biaya                    Throughout 2025, the Company allocated approximately
      sebesar Rp1,32 miliar untuk pemenuhan BBM (PERTAMAX,                    Rp1.32 billion for fuel consumption (Pertamax, Pertalite,
      Pertalite, dan Biosolar) kendaraan operasional, menurun                 and biosolar (biodiesel blend)) for operational vehicles,
      sekitar 1,5% dibandingkan realisasi tahun sebelumnya                    representing a decrease of approximately 1.5% compared to
      sebesar Rp1,34 miliar. Penurunan ini terutama dipengaruhi               the previous year’s realization of Rp1.34 billion. This decline
      oleh efisiensi penggunaan bahan bakar dan pengelolaan                   was primarily driven by improved fuel efficiency and more
      mobilitas operasional yang lebih optimal. Untuk                         optimized management of operational mobility. For bulk
      pengangkutan produk dalam jumlah besar, truk operasional                product transportation, operational trucks utilize diesel,
      menggunakan solar atau biosolar karena lebih efisien dan                including biosolar, due to their higher efficiency and durability.
      memiliki daya tahan yang optimal.



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Hingga saat ini, Perseroan belum melakukan penghitungan                                 To date, the Company has not conducted a carbon footprint
jejak karbon menggunakan kalkulator karbon untuk                                        assessment using a carbon calculator to quantify direct
memetakan emisi GRK langsung maupun tidak langsung                                      and indirect greenhouse gas (GHG) emissions from fuel
dari konsumsi BBM dan listrik operasional. Meski demikian,                              consumption and operational electricity usage. Nevertheless,
Perseroan tetap menunjukkan komitmen nyata dalam                                        the Company continues to demonstrate its commitment to
melakukan efisiensi energi dan pengurangan penggunaan                                   energy efficiency and reducing fuel consumption as part
BBM sebagai bagian dari tanggung jawab terhadap                                         of its responsibility toward environmental sustainability,
keberlanjutan lingkungan, demi mewujudkan kualitas hidup                                contributing to an improved quality of life for all living beings.
yang lebih baik bagi seluruh makhluk hidup.



Efisiensi Kertas
Paper Efficiency

Perseroan memahami bahwa kertas masih menjadi bagian                                    The Company recognizes that paper remains an essential
penting dalam kegiatan operasional, baik untuk administrasi                             component of its operational activities, including administrative
maupun pencetakan dokumen. Di sisi lain, konsumsi kertas                                processes and document printing. At the same time, high paper
yang tinggi berdampak pada lingkungan karena proses                                     consumption has environmental implications, as its production
produksinya membutuhkan sumber daya alam yang besar,                                    requires significant natural resources, including trees,
termasuk pohon, energi, dan air.                                                        energy, and water.


Untuk mengurangi dampak tersebut, Perseroan secara                                      To mitigate these impacts, the Company consistently
konsisten menerapkan kebijakan paperless office dan                                     implements a paperless office policy and promotes the use
mendorong penggunaan kertas daur ulang di seluruh kantor                                of recycled paper across its head office and Belanja Keramik
pusat dan Toko Belanja Keramik. Langkah ini diperkuat                                   stores. These efforts are further supported by the development
dengan pengembangan sistem digital yang memfasilitasi                                   of digital systems that facilitate the transition from printed
migrasi dari dokumen cetak ke format digital, sekaligus                                 documents to digital formats, while also advancing the
mendukung transformasi digital perusahaan.                                              Company’s digital transformation.


Tabel berikut menunjukkan data penggunaan kertas di                                     The following table presents data on paper consumption at the
kantor pusat dan seluruh Toko Belanja Keramik selama tiga                               head office and across all Belanja Keramik stores over the past
tahun terakhir:                                                                         three years:


      Keterangan                 Satuan                                                                                Penghematan atau Manfaat yang Dihasilkan (%)
                                                       2025                   2024                  2023                     Saving or Benefit Achieved (%)
       Description                  Unit

 Penggunaan Kertas
                                    Rim                 535                    520                   824                                   2,9%
 Paper Usage

*) Data yang ditampilkan pada tabel di atas terbatas pada data penggunaan kertas di area kantor pusat, seluruh cabang Belanja Keramik dan Gudang.
*) The data presented in the above table is limited to paper consumption data at the head office, all Belanja Keramik branches, and warehouses.


Perseroan mencatat konsumsi kertas sebesar 535 rim pada                                 The Company recorded paper consumption of 535 reams in
tahun 2025, meningkat 2,9% dibandingkan tahun sebelumnya                                2025, an increase of 2.9% compared to 520 reams in the previous
yang sebesar 520 rim. Peningkatan ini terutama dipengaruhi                              year. This increase was primarily driven by certain operational
oleh kebutuhan operasional yang masih memerlukan dokumen                                needs that still require printed documents in the execution of
cetak dalam pelaksanaan kegiatan tertentu.                                              specific activities.


Meskipun demikian, Perseroan tetap melanjutkan upaya                                    Nevertheless, the Company continues to advance its business
digitalisasi proses bisnis serta penerapan kebijakan paperless                          process digitalization initiatives and the gradual implementation
office secara bertahap sebagai bagian dari komitmen untuk                               of a paperless office policy as part of its commitment to
meningkatkan efisiensi penggunaan sumber daya                                           improving resource efficiency.


Efisiensi Penggunaan Air
Water Use Efficiency
[OJK F.8] [IDX E-04]

Untuk mendukung kegiatan operasional sehari-hari,                                       To support its daily operational activities, the Company
Perseroan memanfaatkan air bersih dari Perusahaan Daerah                                utilizes clean water supplied by the Regional Water Supply



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      Air Minum (PDAM), yang digunakan untuk keperluan sanitasi,                          Company (PDAM), which is used for sanitation, ablution,
      wudhu, pencucian peralatan, dan fasilitas umum lainnya.                             equipment cleaning, and other common facility purposes.
      Adapun penggunaan air selama 3 tahun terakhir dapat dilihat                         Water consumption over the past three years is presented in
      pada tabel di bawah ini:                                                            the table below:

                          Keterangan                                          Satuan
                                                                                                           2025                 2024                  2023
                           Description                                          Unit

       Penggunaan Air
                                                                                    m3                     2,429                2,466                 1,011
       Water Use

      Keterangan: data yang disajikan pada tabel bersumber dari PAM dan Air Tanah
      Note: data presented in the table sourced from PAM and Groundwater


      Sejalan dengan komitmen terhadap TPB 6 mengenai akses air                           Aligned with SDG 6 on Clean Water and Sanitation, the
      bersih dan sanitasi yang berkelanjutan, Perseroan mendorong                         Company promotes a water conservation culture through
      budaya hemat air melalui inisiatif berkelanjutan untuk                              sustainable initiatives aimed at reducing water wastage while
      mengurangi pemborosan sekaligus memastikan ketersediaan                             ensuring the availability of water for operational activities and
      air bagi operasional dan masyarakat sekitar.                                        surrounding communities.



                             Sepanjang tahun 2025, berbagai langkah efisiensi telah diterapkan sebagai berikut:
                             Throughout 2025, various efficiency measures were implemented as follows:
                             •   Melakukan pengecekan instalasi air secara berkala untuk mendeteksi kebocoran pipa atau saluran; dan
                             •   Melakukan perbaikan dan penggantian instalasi air yang bocor sesegera mungkin.
                             •   Conducting regular inspections of water installations to detect pipe or pipeline leaks; and
                             •   Promptly repairing and replacing any leaking water installations.



      Selama 2025, rata-rata konsumsi air per toko tercatat sebesar                       During 2025, the average water consumption per store was
      303,62m³, mengalami penurunan sebesar 1,5% dibandingkan                             recorded at 303.62 m³, representing a 1.5% decrease compared
      dengan capaian tahun sebelumnya yang mencapai 308,25 m³.                            to the previous year’s achievement of 308.25 m³.


      Pengelolaan Efluen dan Limbah
      Effluent and Waste Management
      [OJK F.13] [OJK F.14] [IDX E-05]

      Dalam menjalankan operasionalnya, Perseroan menghasilkan                            In its operations, the Company generates non-hazardous liquid
      limbah cair dan padat yang tergolong tidak berbahaya, yang                          and solid waste, which is managed in accordance with applicable
      dikelola sesuai hukum dan regulasi yang berlaku. Limbah                             laws and regulations. The main solid waste streams originate
      padat utama berasal dari kemasan produk, kertas bekas,                              from product packaging, used paper, cardboard, plastic, carton
      kardus, plastik, karton box, tali strapping, serta pembungkus                       boxes, strapping bands, and customer shopping packaging
      belanja pelanggan. Sedangkan limbah cair (efluen) berasal                           materials. Meanwhile, liquid waste (effluent) is generated from
      dari penggunaan air domestik karyawan dan pelanggan.                                domestic water usage by employees and customers..


                    Keterangan                     Satuan                                            Penghematan atau Manfaat yang Dihasilkan (%)
                                                                     2025                2024
                     Description                      Unit                                                         Result of Saving- or Benefit (%)

       Karton Box                                 Ton
                                                                            8,15            11,60
       Cardboard Box                              Tons                                              Kami mengoptimalkan pemakaian produk-produk yang
                                                                                                    Sudah digunakan sesuai kebijakan internal yang berlaku di
       Tali strapping                             Ton                                               Perusahaan. Pengelolaan semua limbah dipastikan sudah
                                                                            0,72             1,54
       Strap Rope                                 Tons                                              sesuai dengan regulasi AMDAL yang berlaku.
                                                                                                    We optimize the use of products that have been utilized
       Sampah Organik & Anorganik                 Ton
                                                                            2,11             0,92   under the internal policies that apply in the Company. It is
       Organic & Inorganic Waste                  Tons
                                                                                                    ensured that all waste management complies with the ap-
       Total Limbah                               Ton                                               plicable AMDAL provisions.
                                                                           10,98           14,06
       Total Waste                                Tons




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Selain itu, Perseroan juga mengelola limbah padat tambahan     In addition, the Company also manages additional solid
seperti karung bekas, besi, stainless, tembaga, aluminium,     waste streams such as used sacks, iron, stainless steel,
kayu ex-repair pallet, serta sampah organik dan anorganik.     copper, aluminum, and wood from ex-repair pallets, as well
Semua limbah ini dikelola dengan prinsip efisiensi pemakaian   as organic and inorganic waste. All waste is managed based
dan daur ulang, selaras dengan kebijakan internal perusahaan   on principles of resource efficiency and recycling, in line with
dan ketentuan AMDAL.                                           the Company’s internal policies and applicable Environmental
                                                               Impact Assessment (AMDAL) regulations.


Pengelolaan limbah dan efluen dilakukan oleh pihak ketiga      Waste and effluent management activities are carried out
yang memiliki izin resmi dari Kementerian Lingkungan Hidup     by third-party service providers that hold valid permits from
dan Kehutanan RI. Sementara itu, limbah dari aktivitas         the Ministry of Environment and Forestry of the Republic
pergudangan Toko Belanja Keramik dikelola dan diolah           of Indonesia. Meanwhile, waste generated from warehouse
kembali oleh PT Keramika Indonesia Assosiasi Tbk, entitas      operations at Belanja Keramik stores is managed and
asosiasi Perseroan, untuk memastikan seluruh proses            processed by PT Keramika Indonesia Assosiasi Tbk, an
penanganan limbah berjalan aman dan bertanggung jawab.         associated entity of the Company, to ensure that all waste
                                                               handling processes are conducted safely and responsibly.




Informasi Kegiatan dan Dampak
dari Wilayah Operasional yang Dekat
atau Berada di Daerah Konservasi atau
Memiliki Keanekaragaman Hayati
Information on Activities and Impacts from Operations Locatedin
or Near Conservation Areas or Biodiversity-Rich Areas
[OJK F.9]


Perseroan memastikan bahwa seluruh wilayah operasional         The Company ensures that all operational areas are not
tidak berada di area konservasi keanekaragaman hayati,         located within biodiversity conservation areas; therefore,
sehingga tidak terdapat dampak positif maupun negatif yang     there are no positive or negative impacts affecting the
memengaruhi ekosistem di sekitarnya.                           surrounding ecosystems.




Usaha Konservasi Keanekaragaman Hayati
Biodiversity Conservation Efforts
[OJK F.10]


Selama tahun 2025, Perseroan tidak melaksanakan kegiatan       During 2025, the Company did not conduct specific activities
khusus yang berfokus pada konservasi keanekaragaman            focused on biodiversity conservation. Nevertheless, the
hayati. Meskipun demikian, Perseroan tetap berkomitmen         Company remains committed to supporting biodiversity
untuk mendukung upaya pelestarian biodiversitas melalui        conservation efforts through responsible operational
penerapan praktik operasional yang bertanggung jawab,          practices, such as compliant waste management, reduction
seperti pengelolaan limbah yang sesuai regulasi, pengurangan   of non-renewable resource consumption, and initiatives to
penggunaan sumber daya yang tidak terbarukan, serta upaya      improve energy and water efficiency.
efisiensi energi dan air.




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      Langkah-langkah ini menjadi bagian dari kontribusi tidak         These measures represent the Company’s indirect
      langsung Perseroan dalam menjaga keberlanjutan ekosistem,        contribution to ecosystem sustainability, while reflecting the
      sekaligus mencerminkan prinsip kehati-hatian untuk               precautionary principle to ensure that operational activities
      memastikan bahwa aktivitas operasional tidak memberikan          do not impose additional pressure on the environment and
      tekanan tambahan terhadap lingkungan hidup dan                   surrounding biodiversity.
      keanekaragaman hayati di sekitar wilayah operasional.




      Tumpahan yang Terjadi
      Spills That Occurred
      [OJK F.15]


      Tidak terjadi tumpahan atau kebocoran limbah, polusi atau        No spills, leaks, pollution incidents, or other environmental
      pencemaran yang lainnya sepanjang tahun 2025, karena             contamination occurred during 2025, as the Company
      Perseroan telah melakukan kegiatan operasional dengan            conducted its operations in accordance with applicable
      memperhatikan standar lingkungan yang berlaku serta              environmental standards and does not generate hazardous
      Perseroan tidak menghasilkan limbah berbahaya maupun             or toxic waste in its operational activities.
      beracun dalam kegiatan operasionalnya.




      Pengaduan Terkait Lingkungan Hidup
      Environmental Complaints
      [OJK F.16]


      Perseroan menyediakan saluran pengaduan lingkungan               The Company provides an environmental complaints channel
      yang dapat diakses oleh masyarakat melalui Environmental         accessible to the public through the Environmental Complaints
      Complaints    di   nomor     0267-440401.   Saluran  ini         hotline at 0267-440401. This channel enables the public to
      memungkinkan masyarakat untuk menyampaikan keluhan               submit complaints or reports regarding potential environmental
      atau laporan terkait dampak negatif dari aktivitas               impacts from the Company’s operations, allowing each
      operasional Perseroan, sehingga setiap pengaduan dapat           complaint to be addressed promptly and appropriately.
      ditindaklanjuti secara cepat dan tepat.


      Sepanjang 2025, Perseroan tidak menerima pengaduan               Throughout 2025, the Company did not receive any
      dari masyarakat maupun sanksi dari regulator terkait             environmental complaints from the public nor any regulatory
      pelanggaran atau pencemaran lingkungan hidup, yang               sanctions related to environmental violations or pollution,
      menunjukkan pengelolaan operasional yang bertanggung             indicating responsible environmental management in
      jawab terhadap lingkungan.                                       its operations.




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Dukungan terhadap Tujuan Pembangunan Berkelanjutan (TPB)
Terkait Kinerja Lingkungan Hidup
Support for the Sustainable Development Goals (SDGs) Related to Environmental Performance

  Dukungan terhadap TPB                                             Keterangan
       Support for SDGs                                              Description

                            Efisiensi penggunaan air melalui pemantauan konsumsi serta perbaikan instalasi untuk mencegah
                            kebocoran dan pemborosan.
                            Water efficiency through consumption monitoring and infrastructure maintenance to prevent
                            leakage and reduce wastage.

                            Efisiensi energi, pengelolaan limbah, pengurangan penggunaan kertas, serta optimalisasi bahan
                            bakar dalam operasional dan distribusi.
                            Energy efficiency, waste management, paper reduction, and fuel optimization in operations and
                            distribution.

                            Upaya pengurangan emisi melalui efisiensi energi dan bahan bakar serta inisiatif operasional
                            ramah lingkungan.
                            Emission reduction efforts through energy and fuel efficiency and environmentally friendly
                            operational initiatives.




Tanggapan terhadap Umpan Balik
Laporan Tahunan Sebelumnya
Response to Feedback on the Previous Annual Report
[OJK G.3]


Sepanjang tahun 2025, Perseroan tidak menerima saran,         Throughout 2025, the Company did not receive any
masukan, atau tanggapan dari pemangku kepentingan             suggestions, input, or feedback from stakeholders or
maupun pembaca terkait Laporan Keberlanjutan Tahun 2024.      readers regarding the 2024 Sustainability Report.




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      Lembar Umpan Balik
      Feedback Form
      [OJK G.2]



      Laporan Keberlanjutan PT Kokoh Inti Arebama Tbk Tahun 2025
      2025 Sustainability Report of PT Kokoh Inti Arebama Tbk

      Terima kasih atas kesediaan Bapak/Ibu/Saudara/Saudari              Thank you for taking the time to read the 2025 Sustainability
      untuk membaca Laporan Keberlanjutan PT Kokoh Inti                  Report of PT Kokoh Inti Arebama Tbk. To enhance
      Arebama Tbk tahun 2025. Untuk meningkatkan transparansi            transparency regarding our sustainability performance and to
      kinerja keberlanjutan dan sebagai bahan evaluasi dalam             serve as a basis for evaluating the preparation of next year’s
      penyusunan Laporan Keberlanjutan tahun berikutnya, kami            Sustainability Report, we kindly ask you to complete the
      mengharapkan kesediaan Bapak/Ibu/Saudara/Saudari untuk             Feedback Form provided and return it to us via email or mail.
      mengisi Lembar Umpan Balik yang telah disiapkan dan
      mengirimkan kembali kepada kami melalui email atau pos.




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Laporan ini terdiri dari bagian-bagian berikut:
The report has these following sections:

                                                                                                          Apakah bagian ini
                                                                  Apakah anda mengakses
                           Bagian                                                                        bermanfaat/memuat
                                                                        bagian ini?
                           Section                                                                   informasi yang mencukupi?
                                                                  Did you access this section?
                                                                                                          Is it useful/insightful?

 Tentang Laporan Ini
 About this Report
 Tentang PT Kokoh Inti Arebama Tbk
 About PT Kokoh Inti Arebama Tbk
 Ikhtisar Pencapaian
 Performance Highlights
 Tata Kelola Berkelanjutan
 Sustainability Governance
 Kinerja Bisnis Berkelanjutan
 Sustainable Business Growth
 Pengembangan Produk dan/atau Jasa Berkelanjutan
 Development of Sustainable Products and/or Services


Material aspek apa yang menurut Anda paling informatif dan bermanfaat?
Which of our most material aspect did you find informative or useful?

                                             Apakah data dan informasi yang disajikan cukup untuk kebutuhan informasi Anda?
   Aspek Keberlanjutan Material                               Is data and information presented sufficient for you?
     Material Sustainability Aspects
                                                 Terlalu Banyak                   Mencukupi                      Terlalu Sedikit
                                                   Too Much                       Sufficient                        Too Little
 Kinerja Ekonomi
 Economic Performance
 Kinerja Lingkungan Hidup
 Environmental Performance
 Kinerja Sosial
 Social Performance
 Kinerja CSR
 CSR Activities
 Produk dan Jasa Berkelanjutan
 Sustainable Products and Services
 Pemasaran dan Branding
 Marketing & Branding


Apakah laporan ini menjawab perhatian utama Anda tentang kinerja keberlanjutan kami? Mohon jelaskan:
Does this report address your main concerns about our sustainability performance? Please elaborate:




Mohon berikan saran/usulan/komentar Bapak/Ibu/Saudara atas laporan ini
Please provide your suggestions/feedbacks/comments on this report




TERIMA KASIH ATAS                      Mohon kirimkan             PT Kokoh Inti Arebama Tbk Graha Mobisel, Lantai 3
PARTISIPASI ANDA.                      kembali Lembar Umpan       Jl. Buncit Raya No. 139, Kalibata, Pancoran
                                       Balik ini kepada:
THANK YOU IN                                                      Jakarta Selatan | South Jakarta-12740
                                       Please send this
ADVANCE FOR YOUR                                                  Telp | Phone: 021-797 1190/797 1153 | Fax: 021-797 1090
                                       Feedback Sheet to:
PARTICIPATION.                                                    Situs web | Website: www.pt-kokoh.com




                                                                                     Laporan Tahunan & Laporan Keberlanjutan
                                                                                         Annual Report & Sustainability Report       213
Page 214
                                                         LAPORAN KEBERLANJUTAN
                                                         Sustainability Report




      Daftar Pengungkapan Sesuai Peraturan
      Otoritas Jasa Keuangan No. 51/POJK.03/2017
      Tentang Penerapan Keuangan Berkelanjutan
      List of Disclosures in Accordance with Financial Services
      Authority Regulation No. 51/POJK.03/2017 on
      the Implementation of Sustainable Finance
      [OJK G.4]


                                                                              Pengungkapan                                                    Halaman
         POJK 51/OJK.03/2017
                                                                                Disclosure                                                     Page

       A. Strategi Keberlanjutan
          Sustainability Strategy

       A.1 Penjelasan Strategi Keberlanjutan
                                                                                                                                                 173
           Explanation of Sustainability Strategy

       B. Ikhtisar Kinerja Aspek Berkelanjutan
           Sustainability Aspect Performance Highlights

       B.1                          Kuantitas produksi atau jasa yang dijual
                                                                                                                                                 175
       Aspek Ekonomi                Quantity of products and services being sold
       (3 tahun terakhir)
       Economic Aspect (last 3      Pendapatan atau penjualan
                                                                                                                                                 175
       years)                       Revenues or sales

                                    Laba atau rugi bersih
                                                                                                                                                 175
                                    Net profits or loss

                                    Produk ramah lingkungan
                                                                                                                                                 175
                                    Environmentaly friendly products

                                    Pelibatan pihak lokal yang berkaitan dengan proses bisnis Keuangan Berkelanjutan
                                                                                                                                                 175
                                    Involving local party who are related to Sustainable Financial business process

       B.2                          Penggunaan energi (listrik dan air)
                                                                                                                                                 175
       Aspek                        Energy usage (electricity and water)
       Lingkungan Hidup
       Environmental Aspect         Pengurangan emisi yang dihasilkan
                                                                                                                                                 176
                                    Reducing emission production

                                    Pengurangan limbah dan efluen yang dihasilkan
                                                                                                                                                 176
                                    Reducing waste and effluent production

                                    Pelestarian keanekaragaman hayati
                                                                                                                                                 176
                                    Biodiversity preservation

       B.3                          Dampak positif dan negatif dari penerapan Keuangan Berkelanjutan
                                                                                                                                                 176
       Aspek Sosial                 Positive and negative impact from the implementation of Sustainable Finance
       Social Aspect
                                    Pengeluaran biaya untuk masyarakat
                                                                                                                                                 176
                                    Allocated fund for the community

       C. Profil Perseroan
          Company Profile

       C.1                          Visi, misi, dan nilai keberlanjutan Perusahaan
                                                                                                                                                40, 41
                                    Vision, mission, and sustainability value of the Company

       C.2                          Nama, alamat, nomor telepon, nomor faksimili, email, dan situs resmi
                                                                                                                                                 34
                                    Name, address, phone number, fax number, email, and official website

       C.3                          Skala Usaha (total aset atau kapitalisasi aset, total kewajiban, jumlah karyawan yang dibagi menurut
                                    jenis kelamin, jabatan, usia, pendidikan, dan status ketenagakerjaan), Persentase kepemilikan saham
                                    (publik dan pemerintah), Wilayah operasional
                                                                                                                                            35, 44, 63, 66
                                    Scale of Business (total assets or assets capitalization, total liabilities, total employees based on
                                    gender, position, age, education, and employment status), Share Ownership Percentage (public and
                                    government), Operational Area

       C.4                          Penjelasan singkat produk, layanan, dan kegiatan usaha yang dijalankan
                                                                                                                                                 42
                                    Brief explanation on products, services, and business activities




                    Laporan Tahunan & Laporan Keberlanjutan
214                 Annual Report & Sustainability Report
Page 215
                                                                                                              PT Kokoh Inti Arebama Tbk




                                                                          Pengungkapan                                                  Halaman
  POJK 51/OJK.03/2017
                                                                            Disclosure                                                   Page

C.5                            Keanggotaan pada asosiasi
                                                                                                                                          47
                               Membership in association

C.6                            Perubahan Perseroan yang bersifat signifikan misal terkait dengan penutupan atau pembukaan
                               cabang, dan struktur kepemilikan
                                                                                                                                          47
                               Significant changes in the Company, such as the closing or opening of branches, and ownership
                               structure

D. Penjelasan Direksi
   Board of Directors’ Explanation

D.1                            Kebijakan untuk merespons tantangan dalam pemenuhan strategi keberlanjutan
                                                                                                                                          27
                               Policy to response to challenges in fulfilling sustainability strategy

D.2                            Penjelasan respons Perseroan terkait penerapan Keuangan Berkelanjutan
                                                                                                                                          27
                               Explanation on the Company’s response related to the implementation of Sustainable Finance

D.3                            Strategi Pencapaian Target
                                                                                                                                          27
                               Target Achievement Strategy

E. Tata Kelola Keberlanjutan
   Sustainability Governance

E.1                            Penanggung jawab penerapan Keuangan Berkelanjutan
                                                                                                                                          177
                               Responsible Person for the implementation of Sustainable Finance

E.2                            Pengembangan kompetensi terkait Keuangan Berkelanjutan
                                                                                                                                          178
                               Competency Development related to Sustainable Finance

E.3                            Penilaian Risiko atas Penerapan Keuangan Keberlanjutan
                                                                                                                                          179
                               Risk Assessment on Sustainable Finance Implementation

E.4                            Hubungan dengan Pemangku Kepentingan
                                                                                                                                          181
                               Relationship with the Stakeholders

E.5                            Permasalahan terhadap Penerapan Keuangan Keberlanjutan
                                                                                                                                          182
                               Issues on Sustainable Finance Implementation

F. Kinerja Keberlanjutan
  Sustainability Performance

F.1                            Kegiatan membangun budaya keberlanjutan
                                                                                                                                          184
                               Activities to establish sustainability culture

Kinerja Ekonomi
Economic Performance

F.2                            Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi,
                               Pendapatan dan Laba Rugi
                                                                                                                                          185
                               Comparison of Target and Production Performance, Portfolio, Financing Target, or Investment,
                               Income and also Profit and Loss

F.3                            Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen
                               Keuangan atau Proyek yang Sejalan dengan Keuangan Berkelanjutan
                                                                                                                                          185
                               Comparison of Targets and Portfolio Performance, Financing Targets, or Investments in Financial
                               Instruments or Projects Compatible with Sustainable Finance

Kinerja Lingkungan Hidup
Environment Performance

Aspek Umum                     F.4   Biaya Lingkungan Hidup
                                                                                                                                          204
General Aspect                       Environmental Cost

Aspek Material                 F.5   Penggunaan Material yang Ramah Lingkungan
                                                                                                                                          204
Material Aspect                      The Use of Environmentally Friendly Materials

Aspek Energi                   F.6   Jumlah dan Intensitas Energi yang Digunakan
                                                                                                                                          205
Energy Aspect                        Amount and Intensity of Energy Used

                               F.7   Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
                                                                                                                                        204, 206
                                     Efforts and Achievements of Energy Efficiency and The Use of Renewable Energy

Aspek Air                      F.8   Penggunaan Air
                                                                                                                                          207
Water Aspect                         The Use of Water

Aspek Keanekaragaman           F.9   Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau
Hayati                               Memiliki Keanekaragaman Hayati
                                                                                                                                          209
Biodiversity Aspect                  Impact of Operational Areas Nearby or Located in Conservation Areas or Possessing
                                     Biodiversity

                               F.10 Usaha Konservasi Keanekaragaman Hayati
                                                                                                                                          209
                                    Biodiversity Conservation Effort




                                                                                            Laporan Tahunan & Laporan Keberlanjutan
                                                                                                Annual Report & Sustainability Report              215
Page 216
                                                                              Pengungkapan                                               Halaman
        POJK 51/OJK.03/2017
                                                                                Disclosure                                                Page

      Aspek Emisi                   F.11 Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
                                                                                                                                           205
      Emission Aspect                    Amount and Intensity of Emissions Produced Based on Type

                                    F.12 Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
                                                                                                                                           206
                                         Emission Reduction Efforts and Achievements

      Aspek Limbah                  F.13 Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis
                                                                                                                                           208
      dan Efluen                         Amount of Waste and Effluent Produced Based on Type
      Waste and
      Effluent Aspects              F.14 Mekanisme Pengelolaan Limbah dan Efluen
                                                                                                                                           208
                                         Waste and Effluent Management Mechanism

                                    F.15 Tumpahan yang Terjadi (jika ada)
                                                                                                                                           210
                                         Spills Occurred (if any)

      Aspek Pengaduan Terkait       F.16 Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan.
      Lingkungan Hidup                   Number and Material of Environmental Complaints Received and Resolved.
                                                                                                                                           210
      Aspects of Complaints
      Related to the Environment

      Kinerja Sosial
      Social Performance

                                    F.17 Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara
                                         kepada Konsumen                                                                                   187
                                         Commitment to Providing Equal Products and/or Services to Consumers

      Aspek Ketenagakerjaan         F.18 Kesetaraan Kesempatan Bekerja
                                                                                                                                           188
      Employment Aspect                  Equal Employment Opportunity

                                    F.19 Tenaga Kerja Anak dan Tenaga Kerja Paksa
                                                                                                                                           190
                                         Child Labor and Forced Labor

                                    F.20 Upah Minimum Regional
                                                                                                                                           191
                                         Regional Minimum Wage

                                    F.21 Lingkungan Bekerja yang Layak dan Aman
                                                                                                                                         193, 194
                                         Decent and Safe Working Environment

                                    F.22 Pelatihan dan Pengembangan Kemampuan Pegawai
                                                                                                                                           196
                                         Employee Capabilities Training and Development

      Aspek Masyarakat              F.23 Dampak Operasi Terhadap Masyarakat Sekitar
                                                                                                                                           197
      Community Aspect                   Impact of Operations on Surrounding Communities

                                    F.24 Pengaduan Masyarakat
                                                                                                                                           200
                                         Public Complaint

                                    F.25 Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)
                                                                                                                                           198
                                         Environmental and Social Responsibility Activities (ESRA)

      Tanggung Jawab Pengembangan Produk dan/atau Jasa Keuangan Berkelanjutan
      Sustainable Finance Products and/Services Development Responsibility

      F.26                          Inovasi dan Pengembangan Produk/Jasa Berkelanjutan
                                                                                                                                           201
                                    Innovation and Sustainable Product/Service Development

      F.27                          Produk dan jasa yang sudah dievaluasi keamanannya bagi pelanggan
                                                                                                                                           202
                                    Products and services regarding the safety for customers

      F.28                          Dampak Produk/Jasa
                                                                                                                                           201
                                    Product/Service Impact

      F.29                          Jumlah produk yang ditarik kembali
                                                                                                                                           209
                                    Total recalled products

      F.30                          Survei kepuasan pelanggan terhadap produk dan/atau Jasa Keuangan Keberlanjutan
                                                                                                                                           202
                                    Customer satisfaction survey on products and/or Sustainability Financial Services

      G. Lain-lain
        Others

                                    Verifikasi Tertulis dari Pihak Independen (jika ada)
      G.1                                                                                                                                  N/A
                                    Written Verification from an Independent Party (if any)

                                    Lembar Umpan Balik
      G.2                                                                                                                                  212
                                    Feedback Sheet

                                    Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya
      G.3                                                                                                                                  211
                                    Review on Previous Year's Sustainability Report Feedback

                                    Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 tentang
                                    Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik
      G.4                           List of Disclosures According to Financial Services Authority Regulation Number 51/POJK.03/2017        214
                                    concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers,
                                    and Public Companies




                     Laporan Tahunan & Laporan Keberlanjutan
216                  Annual Report & Sustainability Report
Page 217
                                                                                                  PT Kokoh Inti Arebama Tbk

  SURAT PERNYATAAN ANGGOTA DIREKSI DAN ANGGOTA
   DEWAN KOMISARIS TENTANG TANGGUNG JAWAB ATAS
 LAPORAN TAHUNAN DAN LAPORAN KEBERLANJUTAN 2025
            PT KOKOH INTI AREBAMA Tbk
   Statement of Responsibility of the Board of Directors and Board of Commissioners for
       Annual Report and Sustainability Report 2025 of PT Kokoh Inti Arebama Tbk

Kami yang bertanda tangan di bawah ini menyatakan                 We, the undersigned, declared that all information in the
bahwa semua informasi dalam Laporan Tahunan dan                   Annual Report and Sustainability Report 2025 of PT Kokoh
Laporan Keberlanjutan PT Kokoh Inti Arebama Tbk tahun             Inti Arebama Tbk has been published in its entirety and fully
2025 telah dimuat secara lengkap dan bertanggung jawab            responsible for the accuracy of the contents of the Company’s
penuh atas kebenaran isi Laporan Tahunan dan Laporan              Annual Report and Sustainability Report.
Keberlanjutan perusahaan.


Demikian pernyataan ini dibuat dengan sebenarnya.                 Thus, this statement is truthfully certified.

Jakarta, April 2026                                               Jakarta, April 2026



                                 Dewan Komisaris | Board of Commissioners




                                                   Wiroat Rattanachaisit
                                                       Komisaris Utama
                                                    President Commissioner
        Warit Jintanawan                                                                        Noppadol Gaewthabthim
            Komisaris                                                                              Komisaris Independen
           Commissioner                                                                          Independent Commissioner



                                            Direksi | Board of Directors




                                                    Thichet Srisuriyon
                                                       Direktur Utama
                                                      President Director




                             Pavaret Lila                                    Surawit Rattanawaree
                         Wakil Direktur Utama                                  Wakil Direktur Utama
                         Vice President Director                               Vice President Director




      Kittikun Thongdejsri                            Saran Kaitiwong                         Pattaraphon Charttongkum
              Direktur                                     Direktur                                         Direktur
              Director                                     Director                                         Director




                                                   Y. Agung Kuncoro Hadi
                                                     Direktur Independen
                                                     Independent Director
                                                                                Laporan Tahunan & Laporan Keberlanjutan
                                                                                    Annual Report & Sustainability Report         217
Page 218
      07
      Laporan
      Keuangan
      Financial
      Report




         Laporan Tahunan & Laporan Keberlanjutan
218      Annual Report & Sustainability Report
Page 219
Laporan Tahunan & Laporan Keberlanjutan
    Annual Report & Sustainability Report   219
Page 220
PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
  PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY




          LAPORAN KEUANGAN KONSOLIDASIAN/
          CONSOLIDATED FINANCIAL STATEMENTS



        TAHUN YANG BERAKHIR 31 DESEMBER 2025/
            YEAR ENDED 31 DECEMBER 2025
Page 221
                PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                 PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY



DAFTAR ISI/CONTENTS


SURAT PERNYATAAN TANGGUNG JAWAB DIREKSI /
  BOARD OF DIRECTORS’ STATEMENT OF RESPONSIBILITIES


LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025/
  CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025: Hal/Page


  LAPORAN POSISI KEUANGAN KONSOLIDASIAN/
    CONSOLIDATED STATEMENT OF FINANCIAL POSITION -------------------------                  1-2


  LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN/
    CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
      COMPREHENSIVE INCOME -------------------------------------------------------------       3


  LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN/
    CONSOLIDATED STATEMENT OF CHANGES IN EQUITY --------------------------                     4


  LAPORAN ARUS KAS KONSOLIDASIAN/
    CONSOLIDATED STATEMENT OF CASH FLOWS-------------------------------------                  5


  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN/
    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ---------------------                   6 - 43


LAPORAN AUDITOR INDEPENDEN/INDEPENDENT AUDITORS’ REPORT




                                PT Rig Tenders Indonesia Tbk and Subsidiary                   1
Page 222
     _PT. KOKOH INTI AREBAMA Tbk.
      Graha Moblsel Lt. 3 JI. Bunclt Raya No. 139, Kallbata Pancoran Jakarta 5elatan 12710
      Telp: (021) - 797 1190 / 797 1153 Fax : (021) - 797 1090

             SURAT PERNYATAAN DIREKSI                                          THE BOARD OF DIRECTORS' STATEMENT OF
           TENTANG TANGGUNG JAWAB ATAS                                                  RESPONSIBILITIES FOR
         LAPORAN KEUANGAN KONSOLIDASIAN                                       THE CONSOLIDATED FINANCIAL STATEMENTS
          TAHUN BERAKHIR 31 DESEMBER 2025                                           YEAR ENDED 31 DECEMBER 2025
     PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK                              PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                       ("GRUP")                                                             ("THE GROUP")


Kami, yang bertanda tangan dibawah ini:                                 We, the undersigned:

1.   Nama                   Thiehet Srisuriyon                          1.   Name                         Thichet Srisuriyon
     Alamat kantor          Graha Mobisel Lantai 3                           Office address               Graha Mobisel 3"1 floor
                            JI. Buncit Raya No. 139, Kalibata                                             JI. Buncit Raya No. 139,
                            Paneoran ,                                                                    Kalibata Pancoran,
                            Jakarta Selatan                                                               Jakarta Selatan
     Alamat Domisili    :   Kemang Village Tower Tiffany                     Residential address          Kemang Village Tower Tiffany
                            22-07,                                                                        22-07,
                            JI. Pangeran Antasari No . 36                                                 JI. Pangeran Antasari No . 36
                            Kel. Bangka                                                                   Kel. Bangka
                            Kee. Mar.npang. Prapatan                                                      Kee. Mampar.ig.Prapatan
     Telepon kantor         021-7993973                                      Office telephone             021-7993973
     Jabatan                Direktur Utama                                   Position                     President Director

2.   Nama                   Saran Kaitiwong                             2.   Name                         Saran Kaitiwong
     Alamat kantor          Graha Mobisel Lantai 3                           Office address               Graha Mobisel 3"1 floor
                            JI. Buncit Raya No. 139, Kalibata                                             JI. Buncit Raya No. 139,
                            Paneoran ,                                                                    Kalibata Pancoran,
                            Jakarta Selatan                                                               Jakarta Selatan
     Alamat Domisili   :    Kemang Village Tower                             Residential address          Kemang Village Tower
                            lntereon Unit 15N3,                                                           lntercon Unit 15N3, JI.
                            JI. Kemang Raya No. 18D,                                                      Kemang Raya No. 180,
                            Kel. Bangka,                                                                  Ke/. Bangka,
                            Kee. Mampang Prapatan                                                         Kee. Mampang Prapatan
     Telepon kanto r        021-7993973                                      Office telephone             021-7993973
     Jabatan                Direktur                                         Position                     Director

menyatakan bahwa :                                                       declare that:

1.   Kami bertanggung jawab atas penyusunan dan penyajian               1.   We are responsible for the preparation and presentation
     laporan keuangan konsolidasian Grup;                                    of the consolidated financial statements of the Group;

2.   Laporan keuangan konsolidasian telah disusun dan                   2.   The consolidated financial statements have been
     disajikan sesuai dengan Standar Akuntansi Keuangan                      prepared and presented in accordance with Indonesian
     Indonesia;                                                              Financial Accounting Standard;

3.   a.   Pengungkapan yang telah kam i buat di dalam laporan           3.   a.     The disclosures we have made in the consolidated
          keuangan konsolidasian adalah lengkap dan akurat;                         financial statements are complete and accurate;

     b. Laporan keuangan konsolidasian Udak mengandung                       b.    The consolidated financial statements do not contain
        informasi yang menyesatkan , dan kami tidak                                misleading information, and we have not omitted any
        menghilangkan informasi atau fakta Y,ang_ material                         information or facts that would be material to the
        terhadap laporan keuangan konsolidasian ; dan                              consolidated financial statements; and

4.   Kami bertanggung jawab atas pengendalian internal.                 4.   We are responsible for the internal control.


Demikianlah pernyataan ini dibuat dengan sebenarnya .                   This statement has been made truthfully.


                              Atas nama dan mewakili Direksi/For and on behalf of Board of Directors
                                               Jakarta , 30 Maret/March 2026

                                                                             l
                       Thichet Srisuriyon
                                                  /.
                                                \'\
                                                                          TERA!
                                                                        TEMPEL
                                                                                  V"tn-   w          Y<,/Qv"\
                                                                                                            ti
                                                                                                Saran Ka itiwong
               Direktur Utamal President Director                                               Direktur/Oirector
Page 223
                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                                LAPORAN POSISI KEUANGAN KONSOLIDASIAN/
                              CONSOLIDATED STATEMENT OF FINANCIAL POSITION
                           31 DESEMBER 2025 DAN 2024/31 DECEMBER 2025 AND 2024
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)



                                            Catatan/     31 Desember/December
                                             Notes       2025            2024

ASET                                                                                                                  ASSETS

ASET LANCAR                                                                                                CURRENT ASSETS

Kas                                            4            52,025              70,353                                     Cash
Piutang usaha                                  5                                                             Trade receivables
  Pihak ketiga                                             396,261             382,596                          Third parties
  Pihak berelasi                                            65,292              50,975                       Related parties
Piutang lain-lain                                                                                            Other receivables
  Pihak berelasi                              18b            2,834               3,365                       Related parties
Persediaan                                     6           236,899             267,880                              Inventories
Uang muka dan beban dibayar di muka                         29,176              17,508          Advances and prepaid expenses
Pajak pertambahan nilai dibayar di muka                      1,923                 240                 Prepaid value added tax
    JUMLAH ASET LANCAR                                     784,410             792,917          TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                                    NON-CURRENT ASSETS

Aset tetap, bersih                                          25,118              42,810                       Fixed assets, net
Aset pajak tangguhan                          10e            5,387               5,221                    Deferred tax assets
Aset hak-guna, bersih                                       12,294              19,293                Right-of-use assets, net
Uang jaminan                                                 1,562                 740                   Refundable deposits
Pajak penghasilan yang dapat dikembalikan     10a           28,081              29,546                Refundable income tax
Aset tidak lancar lainnya                                   11,259              15,132               Other non-current assets
    JUMLAH ASET TIDAK LANCAR                                83,701             112,742     TOTAL NON-CURRENT ASSETS

    JUMLAH ASET                                            868,111             905,659                    TOTAL ASSETS




Lihat Catatan atas Laporan Keuangan Konsolidasian                    See Notes to the Consolidated Financial
yang merupakan bagian tidak terpisahkan dari laporan                 Statements, which form an integral part of these
keuangan konsolidasian.                                              consolidated financial statements.




                                  PT Rig Tenders Indonesia Tbk and Subsidiaries                                          1
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                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                              LAPORAN POSISI KEUANGAN KONSOLIDASIAN (Lanjutan)/
                        CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Continued)
                           31 DESEMBER 2025 DAN 2024/31 DECEMBER 2025 AND 2024
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)




                                               Catatan/        31 Desember/December
                                                Notes          2025            2024

LIABILITAS DAN EKUITAS                                                                                  LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                  CURRENT LIABILITIES

Utang usaha                                       7                                                            Trade payables
  Pihak ketiga                                                     54,509)           30,480)                     Third parties
  Pihak berelasi                                                  806,713)          866,599)                  Related parties
Utang lain-lain                                   8                                                             Other payables
  Pihak ketiga                                                      1,372)            1,348)                     Third parties
  Pihak berelasi                                                    9,461)            8,717)                  Related parties
Uang muka dari pelanggan                                           20,930)           19,159)           Advance from customers
Utang pajak                                      10b                  927)            1,046)                   Taxes payables
Beban masih harus dibayar                         9                43,562)           40,592)                 Accrued expenses
Liabilitas sewa jangka pendek                                       5,132)            5,911)             Current lease liabilities
    JUMLAH LIABILITAS JANGKA PENDEK                               942,606)          973,852)   TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG                                                                            NON-CURRENT LIABILITIES

Liabilitas imbalan kerja                                           12,035)           11,215)           Employee benefits liabilities
Liabilitas sewa jangka panjang                                      3,278)            6,731)           Non-current lease liabilities
    JUMLAH LIABILITAS JANGKA                                                                          TOTAL NON-CURRENT
        PANJANG                                                    15,313)           17,946)                  LIABILITIES

    JUMLAH LIABILITAS                                             957,919)          991,798)              TOTAL LIABILITIES


EKUITAS                                                                                                                     EQUITY
EKUITAS YANG DAPAT DIATRIBUSIKAN                                                                     EQUITY ATTRIBUTABLE TO
  KEPADA PEMILIK ENTITAS INDUK                                                                    OWNERS OF THE COMPANY
Modal saham - nilai nominal Rp 100 (Rupiah                                                             Share capital - par value of
  penuh) per lembar saham                                                                          Rp 100 (in whole Rupiah) per
                                                                                                                            share.
                                                                                                 Authorized capital - 2,400,000,000
Modal dasar - 2.400.000.000 lembar saham                                                                                   shares
Modal ditempatkan dan disetor penuh -                                                                       Issued and fully paid –
  980.843.732 lembar saham                        11               98,084)           98,084)                 980,843,732 shares
Tambahan modal disetor                            12                3,342)            3,342)              Additional paid-in capital
Saldo laba/ (akumulasi defisit)                                                                  Retained earnings/ (accumulated
                                                                                                                          deficit)
  Sudah ditentukan penggunaannya                                    2,100)            2,100)                         Appropriated
  Belum ditentukan penggunaannya                                 (193,337)         (189,668)                     Unappropriated
   JUMLAH EKUITAS YANG DAPAT                                                                 TOTAL EQUITY ATTRIBUTABLE
      DIATRIBUSIKAN KEPADA PEMILIK                                                                  TO OWNERS OF THE
      ENTITAS INDUK                                               (89,811)          (86,142)                 COMPANY

    KEPENTINGAN NONPENGENDALI                     3a                    3)                 3) NON-CONTROLLING INTEREST

    JUMLAH EKUITAS                                                (89,808)          (86,139)                  TOTAL EQUITY

    JUMLAH LIABILITAS DAN EKUITAS                                 868,111)          905,659) TOTAL LIABILITIES AND EQUITY




Lihat Catatan atas Laporan Keuangan Konsolidasian                       See Notes to the Consolidated Financial
yang merupakan bagian tidak terpisahkan dari laporan                    Statements, which form an integral part of these
keuangan konsolidasian.                                                 consolidated financial statements.




                                             PT Rig Tenders Indonesia Tbk and Subsidiary                                          2
Page 225
                                PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                 PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
            LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN/
        CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
       TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/YEARS ENDED 31 DECEMBER 2025 AND 2024
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

                                                          Tahun berakhir 31 Desember/
                                         Catatan/          Years ended 31 December
                                          Notes           2025                  2024

PENJUALAN                                  13               3,194,683)               3,134,643)                                SALES

BEBAN POKOK PENJUALAN                      14               (2,932,785)             (2,904,526)                     COST OF SALES

LABA BRUTO                                                    261,898)                230,117)                       GROSS PROFIT

 Beban penjualan                           15                (120,333)                (110,991)                     Selling expenses
                                                                                                         General and administrative
 Beban umum dan administrasi               16                (152,932)                (152,327)                            expenses
 Laba penjualan aset                                           10,120)                       -)           Gain on sale of fixed asset
 Rugi penurunan nilai piutang                                                                              Impairment loss on trade
  usaha                                     5                   (3,160)                 (5,390)                          receivables
 Beban administrasi bank                                        (1,249)                 (1,393)       Bank administration expenses
 Beban bunga                                                    (1,188)                 (1,202)                      Interest expense
 Pendapatan bunga                                                  299)                    346)                       Interest income
 (Rugi) laba selisih kurs-neto                                  (4,696)                    330)   (Loss) gain on foreign exchange-net
 Penghasilan lain-lain                                           5,318)                  6,623)                         Other income

RUGI SEBELUM PAJAK                                              (5,923)                (33,887)                  LOSS BEFORE TAX

MANFAAT (BEBAN) PAJAK                      10c                                                                INCOME TAX BENEFIT
PENGHASILAN                                                       625)                  (1,623)                        (EXPENSE)


RUGI                                                            (5,298)                (35,510)                                 LOSS

PENGHASILAN KOMPREHENSIF                                                                                 OTHER COMPREHENSIVE
 LAIN                                                                                                                     INCOME
                                                                                                            Changes resulting from
 Perubahan atas pengukuran                                                                           actuarial remeasurements of
   kembali liabilitas imbalan pasti                             2,088)                  (1,868)      employee benefits obligation
 Pajak atas penghasilan                                                                                Tax on other comprehensive
   komprehensif lain                                             (459)                    411)                           income

JUMLAH PENGHASILAN                                                                                              TOTAL OTHER
  KOMPREHENSIF LAIN                                             1,629)                  (1,457)       COMPREHENSIVE INCOME


                                                                                                          TOTAL COMPREHENSIVE
JUMLAH RUGI KOMPREHENSIF                                        (3,669)                (36,967)                        LOSS

RUGI TAHUN BERJALAN YANG
 DAPAT DIATRIBUSIKAN                                                                                          LOSS FOR THE YEAR
 KEPADA:                                                                                                      ATTRIBUTABLE TO:
 Pemilik entitas induk                                          (5,298)                (35,510)             Owners of the Company
 Kepentingan nonpengendali                                           -)                      -)              Non-controlling interest

                                                                (5,298)                (35,510)

JUMLAH RUGI
  KOMPREHENSIF TAHUN
  BERJALAN YANG DAPAT                                                                              TOTAL COMPREHENSIVE LOSS
  DIATRIBUSIKAN KEPADA:                                                                                    ATTRIBUTABLE TO:
  Pemilik entitas induk                                         (3,669)                (36,967)          Owners of the Company
  Kepentingan nonpengendali                                          -)                      -)           Non-controlling interest

                                                                (3,669)                (36,967)

RUGI PER SAHAM DASAR DAN                                                                               BASIC AND DILUTED LOSS
 DILUSIAN YANG DAPAT                                                                               PER SHARES ATTRIBUTABLE
 DIATRIBUSIKAN KEPADA                                                                                     TO OWNER’S OF THE
 PEMILIK ENTITAS INDUK                     17                    (5.40)                 (36.20)                    COMPANY

Lihat Catatan atas Laporan Keuangan Konsolidasian                         See Notes to the Consolidated Financial
yang merupakan bagian tidak terpisahkan dari laporan                      Statements, which form an integral part of these
keuangan konsolidasian.                                                   consolidated financial statements.



                                      PT Rig Tenders Indonesia Tbk and Subsidiaries                                                3
Page 226
                                                                      PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                                                        PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                                                               LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN/
                                                              CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                           TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/YEARS ENDED 31 DECEMBER 2025 AND 2024
                                              (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)



                                                                                                                            Jumlah ekuitas
                                                                                                                              yang dapat
                                           Modal saham                                Saldo laba (akumulasi defisit)/        diatribusikan
                                            ditempatkan                              Retained earnings (accumulated         kepada pemilik
                                             dan disetor          Tambahan                        deficit)                entitas induk/Total      Kepentingan
                                            penuh/Share          modal disetor/ Sudah ditentukan Belum ditentukan         equity attributable    nonpengendali/
                                           capital issued       Additional paid-in penggunaannya/      penggunaannya/      to owners of the      Non-controlling    Jumlah ekuitas/
                                           and fully paid            capital        Appropriated        Unappropriated          Company              interest         Total equity

Saldo pada 31 Desember 2023                        98,084                  3,342              2,100           (152,701)              (49,175)                 3)            (49,172)    Balance as of 31 December 2023

Rugi                                                        -                  -                  -            (35,510)              (35,510)                  -)           (35,510)                                Loss
Jumlah penghasilan komprehensif lain                        -                  -                  -             (1,457)               (1,457)                  -)            (1,457)   Total other comprehensive income

Saldo pada 31 Desember 2024                        98,084                  3,342              2,100           (189,668)              (86,142)                 3)            (86,139)    Balance as of 31 December 2024

Rugi                                                        -                  -                  -             (5,298)                (5,298)                 -)            (5,298)                                Loss
Jumlah penghasilan komprehensif lain                        -                  -                  -              1,629)                 1,629)                 -)             1,629)   Total other comprehensive income

Saldo pada 31 Desember 2025                        98,084                  3,342              2,100           (193,337)              (89,811)                 3)            (89,808)    Balance as of 31 December 2025




Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari laporan          See Notes to the Consolidated Financial Statements, which form an integral part of these consolidated
keuangan konsolidasian.                                                                                         financial statements.




                                                                                           PT Rig Tenders Indonesia Tbk and Subsidiaries                                                                             4
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                                  PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                  PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                                  LAPORAN ARUS KAS KONSOLIDASIAN/
                              CONSOLIDATED STATEMENT OF CASH FLOWS
       TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/YEARS ENDED 31 DECEMBER 2025 AND 2024
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

                                                  Tahun berakhir pada 31 Desember/
                                       Catatan/       Years ended 31 December
                                        Notes       2025                    2024

ARUS KAS DARI AKTIVITAS                                                                                 CASH FLOWS FROM
  OPERASI                                                                                         OPERATING ACTIVITIES
  Penerimaan kas dari pelanggan                          3,519,887)             3,523,311)     Cash received from customers
                                                                                                 Cash received from interest
  Penerimaan dari pendapatan bunga                            299)                     346)                       income
  Pembayaran kas kepada:                                                                                   Cash payment to:
     Pemasok                                          (3,136,267)              (3,133,428)                      Suppliers
     Karyawan                                            (64,524)                 (61,706)                     Employees
  Pembayaran pajak                                      (362,376)                (362,128)                Payment for taxes
  Penerimaan pajak penghasilan                            12,426)                  28,236)                Income tax refund
  Pembayaran bunga                                        (1,188)                  (1,202)              Payment for interest
  Kegiatan operasional lain                                 (747)                  15,790)          Other operating activities
     Arus kas neto (digunakan                                                                   Net cash (used in) from
       untuk) dari aktivitas operasi                       (32,490)                  9,219)       operating activities...

ARUS KAS DARI AKTIVITAS                                                                                 CASH FLOWS FROM
  INVESTASI                                                                                        INVESTING ACTIVITIES
  Perolehan aset tetap                                        (159)                   (693)       Acquisition of fixed assets
  Pendapatan dari penjualan aset                                                                 Proceeds from sale of fixed
     tetap                                                 21,121)                        -)                         assets
     Arus kas neto dari (digunakan                                                              Net cash from (used in)
        untuk) aktivitas investasi                         20,962)                    (693)          investing activities

ARUS KAS DARI AKTIVITAS                                                                                 CASH FLOWS FROM
  PENDANAAN                                                                                          FINANCING ACTIVITY
  Pembayaran liabilitas sewa                                (6,800)                  (6,137)      Payment of lease liabilities
     Arus kas neto digunakan untuk                                                                     Net cash used in
       aktivitas pendanaan                                  (6,800)                  (6,137)       financing activity

                                                                                                NET (DECREASE) INCREASE
(PENURUNAN) KENAIKAN KAS                                   (18,328)                 2,389)                      IN CASH..
KAS, AWAL TAHUN                                             70,353)                67,964)        CASH, BEGINNING OF YEAR
KAS, AKHIR TAHUN                          4                 52,025)                70,353)              CASH, END OF YEAR




Lihat Catatan atas Laporan Keuangan Konsolidasian yang       See Notes to the Consolidated Financial Statements,
merupakan bagian tidak terpisahkan dari laporan              which form an integral part of these consolidated financial
keuangan konsolidasian.                                      statements.




                                                               PT Rig Tenders Indonesia Tbk and Subsidiaries

                                                                                                                                 5
Page 228
                          PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                           PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                         CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN/
                         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)


1. UMUM                                                     1.    GENERAL

  a.   Pendirian entitas induk                                     a.   Establishment of the Company

       PT Kokoh Inti Arebama Tbk ("Entitas Induk")                      PT Kokoh Inti Arebama Tbk (the “Company")
       didirikan berdasarkan Akta Notaris Fitricia                      was established based on Notarial Deed of
       Arisusanti, S.H., C.N., No. 27 tanggal                           Fitricia Arisusanti, S.H., C.N., No. 27 dated
       6 Juli 2001 sebagai notaris pengganti                            6 July 2001 as a substitute notary of Dr. Irawan
       Dr. Irawan Soerodjo, S.H., Msi. Akta tersebut                    Soerodjo, S.H., Msi. The deed of establishment
       telah mendapat persetujuan dari Kementerian                      was approved by the Ministry of Justice and
       Hukum dan Hak Asasi Manusia Republik                             Human Rights of the Republic of Indonesia in its
       Indonesia     melalui     Surat    Keputusan                     Decision Letter No. C-03717 HT.01.01.Th.2001
       No. C-03717      HT.01.01.Th.2001     tanggal                    dated 25 July 2001 and was published in State
       25 Juli 2001 dan telah diumumkan dalam Berita                    Gazette of Republic of Indonesia No. 86 dated
       Negara Republik Indonesia No. 86 tanggal 26                      26 October 2001, Supplement No. 6683.
       Oktober 2001, Tambahan No. 6683.

       Anggaran Dasar Entitas Induk telah mengalami                     The Company’s Articles of Association has been
       beberapa kali perubahan, yang terakhir                           amended several times, most recently by
       berdasarkan Akta Notaris Jose Dima Satria, S.H.,                 Notarial Deed No. 7 dated 2 September 2020 of
       M.Kn. No. 7 tanggal 2 September 2020 mengenai                    Jose Dima Satria, S.H., M.Kn. concerning
       perubahan kegiatan usaha utama Entitas induk,                    changes in the Company’s main activities, and
       dan perubahan status Entitas induk menjadi                       changes in the Company’s status to become
       Perseroan Terbatas Penanaman Modal Dalam                         Domestic     Investments   Limited    Company
       Negeri (PMDN). Akta perubahan tersebut telah                     (PMDN). These changes have been approved by
       mendapat persetujuan dari Kementerian Hukum                      the Ministry of Law and Human Rights of the
       dan Hak Asasi Manusia Republik Indonesia                         Republic of Indonesia in its Decision Letter
       melalui    Surat    Keputusan     No.     AHU-                   No. AHU-0064147.AH.01.02 Tahun 2020 dated
       0064147.AH.01.02 Tahun 2020 tanggal 17                           17 September 2020.
       September 2020.

       Sesuai dengan pasal 3 Anggaran Dasar, Entitas                    In accordance with article 3 of its Articles of
       Induk melakukan kegiatan usaha di bidang                         Association, the Company’s activities are trading
       perdagangan melalui distributor, toko, portal web                through distributor, store, and portal web
       khususnya untuk produk terkait material                          especially for building material products. The
       bangunan. Kegiatan komersial Perseroan dimulai                   Company’s commercial activities commenced in
       pada tahun 2004.                                                 2004.

       Pada tahun 2024 terdapat akta perubahan                          In 2024, the Company executed a deed of
       kegiatan usaha Entitas induk dalam rangka                        amendment to its business activities to align with
       menyesuaikan     dengan    Klasifikasi   Baku                    the Indonesian Standard Classification of
       Lapangan Usaha Indonesia (KBLI 2020) dan                         Business Fields (KBLI 2020) and to incorporate a
       menambahkan bidang usaha di bidang                               new business segment in the construction
       konstruksi. Akta tersebut telah mendapat                         sector. The deed has been approved by the
       persetujuan dari Kementerian Hukum dan Hak                       Ministry of Law and Human Rights of the
       Asasi Manusia Republik Indonesia melalui Surat                   Republic of Indonesia in its Decision Letter No.
       Keputusan No. AHU-0041380.AH.01.02. Tahun                        AHU-0041380.AH.01.02. Tahun 2024 dated 10
       2024 tanggal 10 Juli 2024.                                       July 2024.

       Kantor Entitas induk terletak di Graha Mobisel                   The Company’s domiciled at Graha Mobisel 3rd
       Lantai 3, Jl. Buncit Raya No. 139, Jakarta                       Floor, Jl. Buncit Raya No. 139, South Jakarta.
       Selatan. Cabang-cabang Entitas induk terdapat di                 The Company’s branches located in two (2)
       dua (2) kota di Indonesia yaitu Batam dan                        cities in Indonesia consists of Batam and
       Surabaya, dan tujuh belas (17) toko ritel yang                   Surabaya, and seventeen (17) retail stores that
       berlokasi di Cileungsi, Cikarang, Cipondoh,                      located in Cileungsi, Cikarang, Cipondoh,
       Cibinong, Ciledug, Depok, Surabaya, dan Bekasi.                  Cibinong, Ciledug, Depok, Surabaya, and
                                                                        Bekasi.

       Entitas induk Grup adalah SCG Distribution                       The Company’s parent company is SCG
       Company Limited, yang didirikan dan berdomisili                  Distribution Company Limited, that established
       di Thailand. Entitas induk utama Grup adalah The                 and domiciled in Thailand. The Company’s
       Siam Cement Public Company Limited, yang                         ultimate parent company is The Siam Cement
       didirikan dan berdomisili di Thailand.                           Public Company Limited, established and
                                                                        domiciled in Thailand.




                                                                                                                        6
Page 229
                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

1. UMUM (Lanjutan)                                              1.     GENERAL (Continued)

   b.   Penawaran umum perdana saham                                   b. Initial public offering of shares
        Perseroan    melakukan     penawaran umum                           The Company undertook an initial public offering
        perdana atas 250.000.000 saham dengan nilai                         of 250,000,000 shares with a nominal value of
        nominal sebesar Rp 100 (Rupiah penuh) per                           Rp 100 (whole Rupiah) per share at the offering
        saham pada harga penawaran sebesar Rp 170                           price of Rp 170 (whole Rupiah) per share, and
        (Rupiah penuh) per saham, disertai dengan                           issuance of 150,000,000 capital warrant Series I.
        penerbitan 150.000.000 Waran Seri I. Pada                           On 9 April 2008, the Company has listed all of its
        tanggal 9 April 2008, Entitas induk telah                           shares and warrant in Indonesia Stock Exchange
        mencatatkan seluruh saham dan warannya di                           (“IDX”).
        Bursa Efek Indonesia (”BEI”).

        Persetujuan atas Penawaran Umum Perdana                             The Approval of the Initial Public Offering is
        Saham adalah berdasarkan Surat dari                                 based on Letter from Bapepam-LK No. S-
        Bapepam-LK No. S-1798/BL/2008 tanggal 31                            1798/BL/2008 dated 31 March 2008 regarding
        Maret 2008 perihal Pemberitahuan Efektifnya                         Notification of the effectiveness of the
        Pernyataan Pendaftaran Penawaran Umum                               Registration Statement of PT Kokoh Inti Arebama
        Perdana Saham Biasa PT Kokoh Inti Arebama                           Tbk’s Offering of Ordinary Shares.
        Tbk.
   c.   Struktur Entitas induk dan entitas anak                         c. The structure of the Company and subsidiary

        Laporan keuangan konsolidasian pada tanggal                         The consolidated financial statements as of
        31 Desember 2025 dan 2024 meliputi laporan                          31 December 2025 and 2024 include the
        keuangan Entitas induk dan Entitas anaknya                          financial statements of the Company and
        (secara kolektif disebut sebagai “Grup”), yang                      Subsidiary (collectively referred to as “Group”),
        dimiliki secara langsung lebih dari 50%.                            directly owned more than 50%.

        Perseroan mengkonsolidasi entitas anak berikut:                     The Company        consolidated     the    following
                                                                            subsidiary:

                           Dimulainya
                             kegiatan
                            komersial/     Kegiatan                   Persentase
                         Commencement       usaha/                   kepemilikan/
         Entitas anak/    of commercial    Business     Domisili/    Percentage of         Jumlah aset sebelum eliminasi/
          Subsidiary        operations     activities   Domicile      ownership            Total assets before elimination
                                                                     2025    2024           2025                     2024

          PT Karya                        Perdagangan   Jakarta                        Rp 7.441.677.528      Rp 10.704.755.890
           Makmur                           eceran/     Selatan/                        (Rupiah penuh)/      (Rupiah penuh)/ Rp
                             2022                                    99%     99%
         Kreasi Prima                        Retail      South                         Rp 7,441,677,528     10,704,755,890 (whole
          (”KMKP”)                          Trading     Jakarta                          (whole Rupiah)            Rupiah)



        PT Karya Makmur Kreasi Prima (KMKP)                                 PT Karya Makmur Kreasi Prima (KMKP)
        Pada bulan November 2005, Entitas induk                             In November 2005, the Company acquired of
        mengakuisisi 99,99% kepemilikan saham KMKP                          99.99% shares of KMKP with acquisition cost
        dengan       harga       pengalihan      sebesar                    amounting to Rp 24,999,000 (whole Rupiah). In
        Rp 24.999.000 (Rupiah penuh). Berdasarkan                           accordance to Notarial deed No. 30 dated 18
        Akta Notaris Sri Hidianingsih Adi Sugijanto, S.H.                   November 2021 of Sri Hidianingsih Adi Sugijanto,
        No. 30 tanggal 18 November 2021 Entitas induk                       S.H. the Company increased capital in KMKP
        menambah modal pada KMKP sebesar Rp                                 amounting to Rp 10,000,000,000 (whole Rupiah).
        10.000.000.000 (Rupiah penuh).




                                                                                                                               7
Page 230
                         PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                          PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)


1. UMUM (Lanjutan)                                         1.    GENERAL (Continued)

    c. Struktur Entitas induk dan entitas anak                   c.   The structure of the Company and subsidiary
       (Lanjutan)                                                     (Continued)

        PT Karya Makmur Kreasi Prima (KMKP)                           PT Karya Makmur Kreasi Prima (KMKP)
        (Lanjutan)                                                    (Continued)

        Entitas anak tergabung dalam kelompok usaha                   The subsidiary belongs to a business group
        SCG Distribution Company Limited. Entitas                     owned by SCG Distribution Company Limited.
        induk langsung Perseroan adalah PT Kokoh Inti                 The Company's immediate parent Company is
        Arebama Tbk., yang didirikan di Indonesia,                    PT Kokoh Inti Arebama Tbk., incoporated in
        sedangkan entitas induk utama Perseroan                       Indonesia, and its ultimate parent Company is
        adalah Siam Cement Public Company Limited,                    Siam Cement Public Company Limited,
        yang didirikan dan berdomisili di Thailand.                   incorporate and domiciled in Thailand.

   d.   Dewan Komisaris, Direksi, Komite Audit dan               d.   Board of Commissioners, Board of Directors,
        Karyawan                                                      Audit Committee, and Employees

        Susunan Dewan Komisaris dan Direksi Entitas                   The structure of the Company’s Board of
        induk pada tanggal 31 Desember 2025 adalah                    Commissioners and Board of Directors as of
        sebagai berikut:                                              31 December 2025 are as follows:

        Dewan Komisaris                                                                      Board of Commissioners
        Komisaris Utama                  :         Wiroat Rattanachaisit          :           President Commissioner
        Komisaris                        :           Warit Jintanawan             :                     Commissioner
        Komisaris Independen             :        Noppadol Gaewthabthim           :        Independent Commissioner

        Direksi                                                                                    Board of Directors
        Direktur Utama                   :           Thichet Srisuriyon           :                 President Director
        Wakil Direktur Utama             :               Pavaret Lila             :            Vice President Director
        Wakil Direktur Utama             :        Surawit Rattanawaree            :            Vice President Director
        Direktur                         :            Saran Kaitiwong             :                           Director
        Direktur                         :          Kittikun Thongdejsri          :                           Director
        Direktur                         :       Pattaraphon Charttongkum         :                           Director
        Direktur Independen              :        Y. Agung Kuncoro Hadi           :              Independent Director


        Susunan Dewan Komisaris dan Direksi Entitas                   The structure of the Company’s Board of
        induk pada tanggal 31 Desember 2024 adalah                    Commissioners and Board of Directors as of
        sebagai berikut:                                              31 December 2024 are as follows:

        Dewan Komisaris                                                                      Board of Commissioners
        Komisaris Utama                  :         Wiroat Rattanachaisit          :           President Commissioner
        Komisaris                        :         Vorapong Panavasu              :                     Commissioner
        Komisaris Independen             :        Noppadol Gaewthabthim           :        Independent Commissioner

        Direksi                                                                                    Board of Directors
        Direktur Utama                   :            Warit Jintanawan            :                 President Director
        Wakil Direktur Utama             :          Nipan Boonbandarn             :            Vice President Director
        Wakil Direktur Utama             :           Thichet Srisuriyon           :            Vice President Director
        Direktur                         :            Saran Kaitiwong             :                           Director
        Direktur                         :          Kittikun Thongdesjri          :                           Director
        Direktur                         :         Sataporn Na Songkhla           :                           Director
        Direktur                         :       Pattaraphon Charttongkum         :                           Director
        Direktur Independen              :        Y. Agung Kuncoro Hadi           :              Independent Director




                                                                                                                   8
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                                PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                 PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                       CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
               (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)


1. UMUM (Lanjutan)                                                  1.   GENERAL (Continued)

       d.     Dewan Komisaris, Direksi, Komite Audit dan                 d.   Board of Commissioners, Board of Directors,
              Karyawan (Lanjutan)                                             Audit Committee, and Employees (Continued)

              Susunan komite audit Entitas induk, pada                        The structure of the Company’s audit committee
              tanggal 31 Desember 2025 dan 2024 adalah                        as of 31 December 2025 and 2024 are as follows:
              sebagai berikut:

              Ketua                          :        Noppadol Gaewthabthim                :                         Chairman
              Anggota                        :       Ancella Anitawati Hermawan            :                          Member
              Anggota                        :   Dwi Astuti Rosmianingrum Nainggolan       :                          Member

              Pada tanggal 31 Desember 2025 dan 2024,                         As of 31 December 2025 and 2024, the Group
              Grup mempunyai masing-masing 184 dan 172                        has 184 and 172 permanent employees,
              orang karyawan tetap (tidak diaudit).                           respectively (unaudited).

2. DASAR PENYUSUNAN                                                 2.   BASIS OF PREPARATION

  a.        Pernyataan kepatuhan                                         a.   Statement of compliance

                                                                              The consolidated financial statements of the
            Laporan keuangan konsolidasian Perseroan dan                      Company and its subsidiary (“Group”) have been
            entitas anaknya (”Grup”) disusun sesuai dengan                    prepared in accordance with Indonesian Financial
            Standar Akuntansi Keuangan Indonesia (“SAK                        Accounting Standards (“SAK Indonesia”) and the
            Indonesia”) dan peraturan Badan Pengawas Pasar                    Capital   Market    and    Financial  Institution
            Modal dan Lembaga Keuangan (BAPEPAM-LK                            Supervisory Agency (BAPEPAM-LK, whose
            yang fungsinya telah dialihkan kepada OJK sejak                   function has been transferred to OJK starting 1
            tanggal 1 Januari 2013) No. VIII.G.7 tentang                      January 2013) Regulation No.VIII.G.7 regarding
            Penyajian dan Pengungkapan Laporan Keuangan                       the Presentation and Disclosure of Financial
            Emiten atau Perseroan Publik, dengan surat                        Statements of Issuer or Public Company, with its
            keputusan No. KEP-347/BL/2012 tanggal 25 Juni                     decision letter No. KEP-347/BL/2012 dated 25
            2012.                                                             June 2012.

            Laporan Keuangan konsolidasian Grup disetujui                     These consolidated financial statements of the
            untuk diterbitkan oleh Direksi pada tanggal                       Group were authorized for issuance by the Board
            30 Maret 2026.                                                    of Directors on 30 March 2026.

  b.        Mata uang fungsional dan penyajian                           b.   Functional and presentation currency

            Laporan keuangan konsolidasian ini disajikan                      The consolidated financial statements are
            dalam Rupiah, yang merupakan mata uang                            presented in Rupiah, which is the functional
            fungsional Entitas Induk. Kecuali dinyatakan lain,                currency of the Company. Unless otherwise
            informasi keuangan yang disajikan telah dibulatkan                specified, financial information presented in
            ke dalam jutaan Rupiah terdekat.                                  Rupiah has been rounded to the nearest million.

  c.        Dasar pengukuran                                             c.   Basis of measurement

            Laporan keuangan konsolidasian disusun atas                       The consolidated financial statements are
            dasar akrual dengan menggunakan konsep nilai                      prepared on the accrual basis using the historical
            historis, kecuali  ketika    standar akuntansi                    cost concept, except where the accounting
            mensyaratkan pengukuran nilai wajar.                              standards require fair value measurement.

  d.        Laporan arus kas                                             d.   Statement of cash flows

            Laporan arus kas konsolidasian menyajikan                         The consolidated statement of cash flows present
            perubahan dalam kas dari aktivitas operasi, investasi             the changes in cash from operating, investing and
            dan pendanaan yang disusun dengan metode                          financing activities and are prepared using the
            langsung.                                                         direct method.




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                              PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                               PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                      CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
              (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN (Lanjutan)                                    2.   BASIS OF PREPARATION (Continued)

  e. Penggunaan pertimbangan, estimasi dan asumsi                      e.   Use of judgments, estimates and assumptions
       Penyusunan laporan keuangan konsolidasian                            The preparation of consolidated financial
       mengharuskan        manajemen     untuk   membuat                    statements requires management to make
       pertimbangan,      estimasi   dan    asumsi   yang                   judgments, estimates and assumptions that
       mempengaruhi penerapan kebijakan akuntansi serta                     affect the application of accounting policies and
       jumlah aset, liabilitas, pendapatan dan beban yang                   the reported amounts of assets, liabilities,
       dilaporkan. Hasil aktual dapat berbeda dari jumlah                   income and expenses. Actual results may differ
       yang diestimasi tersebut.                                            from the estimated amounts.

       Estimasi dan asumsi yang mendasarinya ditelaah                       Estimates and underlying assumptions are
       secara berkesinambungan. Perubahan terhadap                          reviewed on an ongoing basis. Revisions to
       estimasi diakui secara prospektif.                                   estimates are recognized prospectively.
       (i)    Pertimbangan                                                  (i) Judgments
              Informasi tentang pertimbangan yang dibuat                        Information about judgments made in
              dalam penerapan kebijakan akuntansi yang                          applying accounting policies that have the
              memiliki pengaruh paling signifikan terhadap                      most significant effect on the amounts
              jumlah yang diakui dalam laporan keuangan                         recognized in the consolidated financial
              konsolidasian, termasuk dalam catatan berikut:                    statements are included in the following
                                                                                notes:
                  Catatan 3c dan 13: Pengakuan pendapatan,                        Notes 3c and 13: Revenue recognition,
                   pertimbangan     manajemen   sehubungan                          management’s judgment with respect to
                   dengan keberadaan kewajiban pelaksanaan                          existence of contractual performance
                   kontraktual, waktu pengakuan pendapatan,                         obligations,    timing     of    revenue
                   klasifikasi pendapatan, dan penentuan                            recognition, revenue classification, and
                   apakah Entitas Induk bertindak sebagai                           determining whether the Company acts
                   agen atau sebagai prinsipal.                                     as an agent or as a principal.
       (ii)   Ketidakpastian asumsi dan estimasi                            (ii) Assumptions and estimation uncertainties
              Informasi tentang asumsi dan ketidakpastian                       Information about the assumptions and
              estimasi pada tanggal pelaporan yang memiliki                     estimation uncertainties at the reporting date
              risiko signifikan mengakibatkan penyesuaian                       that have a significant risk of resulting in
              material terhadap jumlah tercatat aset dan                        material adjustments to the carrying amounts
              liabilitas pada tahun berikutnya tercantum dalam                  of assets and liabilities in the following year
              catatan berikut:                                                  is included in the following notes:
                  Catatan 10e: Pengakuan aset pajak                               Note 10e: Recognition of deferred tax
                   tangguhan: ketersediaan laba fiskal di masa                      assets: availability of future taxable profit
                   depan untuk dikompensasikan dengan                               against which deductible temporary
                   perbedaan     temporer      yang       dapat                     differences can be utilized.
                   dikurangkan.

  f.   Perubahan kebijakan akuntansi material                          f.   Changes in material accounting policies

       Pernyataan Standar Akuntansi Keuangan (”PSAK”)                       Statements of Financial Accounting Standards
       dan Interpretasi Standar Akuntansi Keuangan                          (“PSAK”) and Interpretations of Financial
       (”ISAK”) yang terbit tapi belum efektif.                             Accounting Standards (“ISAK”) issued but not
                                                                            yet effective.

       Beberapa amendemen atau revisi standar akuntansi                      Certain amendments to or revised accounting
       telah diterbitkan namun belum efektif untuk periode                   standards have been issued that are not yet
       yang berakhir pada tanggal 31 Desember 2025, dan                      effective for the year ended 31 December 2025,
       belum diterapkan dalam menyusun laporan                               and have not been applied in preparing these
       keuangan        konsolidasian   ini.   Diantaranya,                   consolidated financial statements. Among them,
       amendemen atas PSAK berikut ini akan efektif untuk                    the following PSAKs and ISAKs, which will
       periode pelaporan pada atau setelah tanggal 1                         become effective for reporting periods beginning
       Januari 2026, yang mungkin relevan terhadap                           on or after 1 January 2026, may be relevant to
       laporan keuangan konsolidasian Grup di masa                           the Group’s future consolidated financial
       mendatang, dan mungkin mensyaratkan penerapan                         statements, and may require retrospective
       retrospektif sesuai PSAK 208, ”Kebijakan Akuntansi,                   application under PSAK 208, “Accounting
       Perubahan Estimasi Akuntansi, dan Kesalahan”:                         Policies, Changes in Accounting Estimates, and
                                                                             Errors”:


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                          PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                           PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)



2. DASAR PENYUSUNAN (Lanjutan)                                2.   BASIS OF PREPARATION (Continued)

  f. Perubahan kebijakan akuntansi material (Lanjutan)             f.   Changes in material accounting policies
                                                                        (Continued)

    Pernyataan Standar Akuntansi Keuangan (”PSAK”)                      Statements of Financial Accounting Standards
    dan Interpretasi Standar Akuntansi Keuangan                         (“PSAK”) and Interpretations of Financial
    (”ISAK”) yang terbit tapi belum efektif (Lanjutan)                  Accounting Standards (“ISAK”) issued but not
                                                                        yet effective (Continued)

     Efektif untuk periode pelaporan pada atau setelah                  Effective for reporting periods beginning on or
     tanggal 1 Januari 2026:                                            after 1 January 2026:
     • Klasifikasi dan Pengukuran Instrumen Keuangan                    •   Classification and Measurement of Financial
         (Amendemen PSAK 109 dan 107)                                       Instruments (Amendments to PSAK 109 and
                                                                            107)
    • Kombinasi Bisnis Entitas Sepengendali (PSAK                       •   Business Combination of Entities under
         338 (Revisi 2025))                                                 Common Control (PSAK 338 (Revised
                                                                            2025))

     Efektif untuk periode pelaporan pada atau setelah                  Effective for reporting periods beginning on or
     tanggal 1 Januari 2027:                                            after 1 January 2027:

     • PSAK 118 – Penyajian dan Pengungkapan dalam                      • PSAK 118 - Presentation and Disclosure in
         Laporan Keuangan                                                   Financial Statements

    PSAK 118 akan menggantikan PSAK 201 Penyajian                       PSAK 118 will replace PSAK 201 Presentation
    Laporan Keuangan. Standar akuntansi baru ini                        of Financial Statements. The new accounting
    memperkenalkan, di antaranya, persyaratan baru                      standard introduces, among others, the
    utama berikut ini:                                                  following key new requirements:

     -   Grup diwajibkan untuk mengklasifikasikan seluruh               -   The Group is required to classify all income
         pendapatan dan beban ke dalam lima kategori                        and expenses into five categories in the
         dalam laporan laba rugi konsolidasian, yaitu                       consolidated statement of profit or loss,
         kategori operasi, investasi, pendanaan, operasi                    namely the operating, investing, financing,
         yang dihentikan, dan pajak penghasilan. Grup juga                  discontinued operations and income tax
         diwajibkan untuk menyajikan subtotal laba operasi,                 categories. Grup is also required to present
         subtotal baru yang didefinisikan. Laba neto Grup                   operating profit subtotal, a newly-defined
         tidak akan berubah.                                                subtotal. Groups' net profit will not change.
     -   Ukuran kinerja tetapan manajemen (UKTM)                        -   Management-defined                performance
         diungkapkan dalam satu catatan di dalam laporan                    measures (MPMs) are disclosed in a single
         keuangan konsolidasian.                                            note    in    the   consolidated       financial
                                                                            statements.
     -   Panduan tambahan diberikan tentang cara                        -   Enhanced guidance is provided on how to
         mengelompokkan     informasi dalam laporan                         group information in the consolidated
         keuangan konsolidasian.                                            financial statements.

     Grup masih dalam proses menilai dampak PSAK 118,                   The Group is still in the process of assessing
     khususnya terkait struktur laporan laba rugi                       the impact of PSAK 118, particularly with
     konsolidasian dan laporan arus kas konsolidasian                   respect to the structure of the Group's
     Grup. Grup juga sedang menilai dampak terhadap                     consolidated statement of profit or loss and the
     pengelompokan informasi dalam laporan keuangan                     consolidated statement of cash flows. The
     konsolidasian, termasuk untuk pos-pos yang saat ini                Group is also assessing the impact on how
     berlabel 'lain-lain'.                                              information is grouped in the consolidated
                                                                        financial statements, including for items
                                                                        currently labelled as 'other'.




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                           PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                            PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN (Lanjutan)                               2.    BASIS OF PREPARATION (Continued)

  f. Perubahan      kebijakan      akuntansi      material         f. Changes in         material   accounting      policies
     (Lanjutan)                                                       (Continued)

     Pernyataan Standar Akuntansi Keuangan (”PSAK”)                     Statements of Financial Accounting Standards
     dan Interpretasi Standar Akuntansi Keuangan                        (“PSAK”) and Interpretations of Financial
     (”ISAK”) yang terbit tapi belum efektif (Lanjutan)                 Accounting Standards (“ISAK”) issued but not yet
                                                                        effective (Continued)

      Pada tanggal penerbitan laporan keuangan                          As of the issuance date of these consolidated
      konsolidasian ini, manajemen belum menentukan                     financial statements, management has not
      besarnya dampak retrospektif, jika ada, dari                      determined the extent of the retrospective impact,
      penerapan standar dan amendemen atas standar                      if any, that the future adoption of these standards
      tersebut di masa depan terhadap laporan posisi                    and amendments to standards will have on the
      keuangan konsolidasian dan hasil operasi                          Group’s consolidated financial position and
      konsolidasian Grup.                                               operating results.

3. KEBIJAKAN AKUNTANSI MATERIAL                               3.   MATERIAL ACCOUNTING POLICIES

  Kebijakan akuntansi material yang diterapkan secara              The material accounting policies consistently
  konsisten dalam penyusunan laporan keuangan                      applied in the preparation of the consolidated
  konsolidasian adalah sebagai berikut:                            financial statements were as follows:

  a. Prinsip konsolidasi                                           a.     Basis of consolidation

     Entitas anak                                                         Subsidiary

     Laporan keuangan konsolidasian meliputi laporan                      The consolidated financial statements include
     keuangan Entitas induk dan entitas anak. Entitas                     the financial statements of the Company and
     anak adalah entitas yang dikendalikan oleh Grup.                     its subsidiary. Subsidiary is entity controlled by
     Grup mengendalikan suatu entitas ketika Grup                         the Group. The Group controls an entity when
     terekspos dengan, atau memiliki hak atas, imbal                      it is exposed to, or has rights to, variable
     hasil variabel dari keterlibatan Grup dengan entitas                 returns from its involvement with the subsidiary
     anak      dan     memiliki     kemampuan      untuk                  and has the ability to affect those returns
     mempengaruhi imbal hasil tersebut melalui                            through its power over the subsidiary.
     kekuasaannya atas entitas anak.

     Entitas anak dikonsolidasikan sejak tanggal Grup                     Subsidiary is consolidated from the date on
     memperoleh pengendalian efektif dan tidak lagi                       which effective control is obtained by the
     dikonsolidasikan sejak pengendalian tersebut                         Group and is no longer consolidated from the
     tidak lagi dimiliki.                                                 date that control ceased.

     Kebijakan akuntansi yang digunakan dalam                             The accounting policies adopted in the
     laporan keuangan konsolidasian diterapkan                            consolidated     financial   statements are
     secara konsisten oleh Grup.                                          consistently applied by the Group.

     Perubahan dalam bagian kepemilikan Grup pada                         Changes in Group’s ownership interest in
     entitas anak yang tidak mengakibatkan hilangnya                      subsidiary that do not result in the loss of
     pengendalian dicatat sebagai transaksi ekuitas.                      control are accounted for as equity
     Perbedaan antara jumlah tercatat kepentingan                         transactions. Any difference between the
     nonpengendali yang disesuaikan dan nilai wajar                       adjusted carrying amount of non-controlling
     imbalan yang dibayarkan atau diterima langsung                       interest and the fair value of the consideration
     diakui dalam ekuitas yang dapat diatribusikan                        paid or received is recognized directly in
     pada pemilik entitas induk.                                          equity attributable to the owners of the
                                                                          Company.




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                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL          ACCOUNTING             POLICIES
                                                                       (Continued)

     a. Prinsip konsolidasi (Lanjutan)                                 a. Basis of consolidation (Continued)

        Entitas anak (Lanjutan)                                            Subsidiary (Continued)

        Ketika Grup kehilangan kendali atas entitas anak,                  When the Group loses control over a
        Grup menghentikan pengakuan aset dan liabilitas                    subsidiary, it derecognises the assets and
        entitas anak, dan kepentingan nonpengendali                        liabilities of the subsidiary, and any related
        terkait dan komponen ekuitas lainnya. Laba atau                    non-controlling      interests      and      other
        rugi yang timbul diakui dalam laba rugi.                           components of equity. Any resulting gain or
        Kepentingan yang dipertahankan di entitas anak                     loss is recognized in profit or loss. Any interest
        terdahulu diukur sebesar nilai wajar ketika                        retained in the former subsidiary is measured
        pengendalian hilang dan selanjutnya mencatat                       at fair value when the control is lost and
        sisa investasi tersebut sebagai entitas asosiasi,                  subsequently accounts for it as an associate,
        ventura bersama atau aset keuangan.                                joint venture or financial asset.

        Transaksi yang       dieliminasi    pada     saat                  Transactions eliminated on consolidation
        konsolidasi

        Seluruh transaksi intragrup, serta saldo dan                       All intra-group transactions, balances and
        keuntungan yang belum direalisasi dari transaksi                   unrealized gains on the transactions are
        tersebut dieliminasi.                                              eliminated.

        Keuntungan yang belum direalisasi dari transaksi                   Unrealised gains arising from transactions
        dengan investee yang dicatat dengan metode                         with     equity-accounted      investees    are
        ekuitas dieliminasi terhadap investasi sebesar                     eliminated against the investment to the
        kepemilikan Grup pada investee. Kerugian yang                      extent of the Group’s interest in the investee.
        belum direalisasi dieliminasi dengan cara yang                     Unrealised losses are eliminated in the same
        sama seperti keuntungan yang belum direalisasi,                    way as unrealized gains, but only to the extent
        namun hanya sepanjang tidak terdapat bukti                         that there is no evidence of impairment.
        penurunan nilai.

        Kepentingan nonpengendali                                          Non-controlling interests

        Kepentingan nonpengendali diukur pada awalnya                      Non-controlling interest are measured initially
        sebesar bagian proporsionalnya atas aset neto                      at their proportionate share of the acquiree’s
        teridentifikasi dari pihak yang diakuisisi pada                    identifiable net assets at the date of
        tanggal akuisisi dan selanjutnya disesuaikan                       acquisition and adjusted by proportion of
        dengan proporsi atas perubahan ekuitas pada                        changes in equity of subsidiary.
        entitas anak.

        Kepentingan nonpengendali disajikan di ekuitas                     Non-controlling interest is presented in the
        dalam laporan posisi keuangan konsolidasian,                       consolidated statement of financial position
        terpisah dari ekuitas yang dapat diatribusikan                     within equity, separately from the equity
        kepada pemilik entitas induk. Laba atau rugi dan                   attributable to the owners of the Company.
        setiap komponen penghasilan komprehensif lain                      Profit or loss and each component of other
        diatribusikan pada pemilik entitas induk dan kepada                comprehensive income are attributed to the
        kepentingan nonpengendali berdasarkan proporsi                     owners of the Company and to the non-
        kepemilikan.                                                       controlling interest based on the ownership
                                                                           interest proportionally.




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                             PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                              PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                   3.    MATERIAL          ACCOUNTING              POLICIES
                                                                     (Continued)

     b.   Persediaan                                                  b.   Inventory

          Persediaan diukur berdasarkan nilai yang lebih                   Inventories are measured at the lower of cost
          rendah antara biaya perolehan dan nilai realisasi                and net realizable value; cost is determined
          neto; ditentukan dengan menggunakan metode                       using weighted average method and includes
          rata-rata tertimbang, dan termasuk pengeluaran                   expenditures incurred in acquiring the
          yang terjadi untuk memperoleh persediaan dan                     inventories and other costs incurred in bringing
          biaya lainnya yang terjadi hingga persediaan                     them to their existing location and condition.
          berada dalam lokasi dan kondisi saat ini.

          Nilai realisasi neto adalah taksiran harga jual                  Net realizable value is the estimated selling
          dalam kegiatan usaha biasa setelah dikurangi                     price in the ordinary course of business less
          dengan taksiran biaya yang diperlukan untuk                      the estimated costs necessary to make the
          menjual persediaan tersebut.                                     sale.

     c.   Pendapatan                                                   c. Revenue

          Pendapatan diukur sebesar imbalan yang                           Revenue is measured based on the
          ditetapkan dalam kontrak dengan pelanggan.                       consideration specified in a contract with a
          Grup mengakui pendapatan ketika Grup                             customer. The Group recognizes revenue
          mengalihkan pengendalian atas suatu produk                       when it transfers control over a product to a
          kepada pelanggan.                                                customer.

          Tabel berikut memberikan informasi tentang sifat                 The following table provides information about
          dan waktu pemenuhan kewajiban pelaksanaan                        the nature and timing of the satisfaction of
          dalam kontrak dengan pelanggan, termasuk                         performance obligations in contracts with
          syarat pembayaran yang signifikan, dan                           customers, including significant payment
          kebijakan pengakuan pendapatan.                                  terms, and the related revenue recognition
                                                                           policies.


              Sifat dan waktu pemenuhan kewajiban
            pelaksanaan, termasuk syarat pembayaran
               yang signifikan/ Nature and timing of
             satisfaction of performance obligations,                           Pengakuan pendapatan/ Revenue
               including significant payment terms                                   recognition policies

          Pelanggan memperoleh pengendalian atas                           Pendapatan dari penjualan diakui ketika
          barang ketika barang dikirim kepada pelanggan.                   pelanggan memperoleh pengendalian atas
          Faktur diterbitkan dan pendapatan diakui pada                    barang, pada umumnya ketika barang diterima
          waktu tersebut. Faktur biasanya terutang dalam                   di gudang pelanggan, karena pada saat itu
          waktu 30 - 90 hari/ Customers obtain control of                  pelanggan dapat mengarahkan penggunaan
          the products upon delivery of the products to the                barang dan pelanggan akan memperoleh
          customers. Invoices are generated and revenue is                 secara substansial seluruh manfaat ekonomi
          recognized at that point in time. Invoices are                   dari barang tersebut/ Revenue from sales is
          usually payable within 30 - 90 days.                             recognized when the customer obtains control
                                                                           of the goods, usually when the goods are
                                                                           received at the customer’s warehouse,
                                                                           because by that time the customer can direct
                                                                           the use `of the goods and the customer will
                                                                           obtain substantially all of the economic
                                                                           benefits from the goods.




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                                 PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                  PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                      CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
              (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN            AKUNTANSI            MATERIAL         3.    MATERIAL               ACCOUNTING                POLICIES
     (Lanjutan)                                                       (Continued)

     c. Pendapatan (Lanjutan)                                         c.   Revenue (Continued)

                 Sifat dan waktu pemenuhan kewajiban
           pelaksanaan, termasuk syarat pembayaran yang
            signifikan/ Nature and timing of satisfaction of
            performance obligations, including significant                       Pengakuan pendapatan/ Revenue
                             payment terms                                               recognition policies
          Pelanggan memperoleh pengendalian atas barang                    Pendapatan dari penjualan diakui ketika
          ketika barang diterima langsung oleh pelanggan.                  pelanggan memperoleh pengendalian atas
          Faktur diterbitkan dan pendapatan diakui pada waktu              barang, pada umumnya ketika barang diterima
          tersebut/ Customers obtain control of the products               langsung oleh pelanggan, karena pada saat itu
          upon directly received of the products by the                    pelanggan dapat mengarahkan penggunaan
          customers. Invoices are generated and revenue is                 barang dan pelanggan akan memperoleh secara
          recognized at that point in time.                                substansial seluruh manfaat ekonomi dari
                                                                           barang tersebut/ Revenue from sales is
                                                                           recognized when the customer obtains control of
                                                                           the goods, usually when the goods are directly
                                                                           received by the customer’s, because by that time
                                                                           the customer can direct the use of the goods and
                                                                           the customer will obtain substantially all of the
                                                                           economic benefits from the goods.


     d.   Instrumen keuangan                                          d.   Financial instruments
           (i). Pengakuan dan pengukuran awal                              (i).    Recognition and initial measurement

               Aset keuangan dan liabilitas keuangan                               Financial assets and financial liabilities are
               diakui pertama kali pada saat Grup menjadi                          initially recognized when the Group
               salah satu pihak dalam ketentuan                                    becomes a party to the contractual
               kontraktual instrumen tersebut.                                     provisions of the instruments.

               Aset keuangan (kecuali merupakan piutang                            A financial asset (unless it is a receivable
               tanpa komponen pendanaan signifikan)                                without significant financing component) or
               atau liabilitas keuangan pada awalnya                               financial liability is initially measured at fair
               diukur pada nilai wajar ditambah atau                               value plus or minus, for item not measured
               dikurangi, untuk item yang tidak diukur pada                        at fair value through profit or loss
               nilai wajar melalui laba rugi (“FVTPL”),                            (“FVTPL”), transaction costs that are
               biaya transaksi yang dapat diatribusikan                            directly attributable to its acquisition or
               secara langsung pada perolehan atau                                 issue. A receivable without a significant
               penerbitannya. Piutang tanpa komponen                               financing component is initially measured at
               pendanaan signifikan pada awalnya diukur                            the transaction price.
               pada harga transaksi.

           (ii). Aset keuangan                                             (ii).   Financial assets

               Pada pengakuan awal, aset keuangan                                  On initial recognition, a financial asset is
               diklasifikasikan dan diukur pada biaya                              classified as measured at amortized cost;
               perolehan diamortisasi; nilai wajar melalui                         fair value through other comprehensive
               penghasilan komprehensif lain (“FVOCI”) –                           income (“FVOCI”) – debt investment;
               investasi utang; FVOCI – investasi ekuitas;                         FVOCI – equity investment; or, fair value
               atau, nilai wajar melalui laba rugi (“FVTPL”).                      through profit or loss (“FVTPL”).




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                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN             AKUNTANSI          MATERIAL         3.    MATERIAL                ACCOUNTING               POLICIES
     (Lanjutan)                                                      (Continued)

     d.   Instrumen keuangan (Lanjutan)                              d.   Financial instruments (Continued)

          (ii). Aset keuangan (Lanjutan)                                  (ii).    Financial assets (Continued)

               Aset keuangan tidak direklasifikasi setelah                         Financial assets are not reclassified
               pengakuan awalnya kecuali jika Grup                                 subsequent to their initial recognition,
               mengubah model bisnisnya dalam mengelola                            unless the Group changes its business
               aset keuangan dimana dalam hal ini semua                            model for managing financial assets in
               aset keuangan yang terkena dampak                                   which case all affected financial assets are
               direklasifikasi pada hari pertama periode                           reclassified on the first day of the first
               pelaporan setelah perubahan dalam model                             reporting period following the change in the
               bisnis.                                                             business model.

               Aset keuangan diukur pada biaya perolehan                           A financial asset is measured at amortized
               diamortisasi jika memenuhi dua kondisi                              cost if it meets both of the following
               berikut:                                                            conditions:
                 - Dikelola dalam model bisnis dengan                              -    It is held within a business model
                    tujuan memiliki aset untuk mendapatkan                              whose objective is to hold assets to
                    arus kas kontraktual; dan                                           collect contractual cash flows; and
                 - Persyaratan kontraktual menghasilkan                            -    It is contractual terms give rise on
                    arus kas pada tanggal tertentu yang                                 specified dates to cash flows that are
                    semata dari pembayaran pokok dan                                    solely payments of principal and
                    bunga dari jumlah pokok terutang.                                   interests on the principal amount
                                                                                        outstanding.

               Aset keuangan yang diukur pada biaya                                The financial assets measured at
               perolehan diamortisasi selanjutnya diukur                           amortized cost are subsequently measured
               menggunakan metode suku bunga efektif.                              using the effective interest method. The
               Jumlah tercatat bruto dikurangi dengan                              gross carrying amount is reduced by
               kerugian penurunan nilai. Pendapatan                                impairment losses. Interest income, foreign
               bunga, keuntungan dan kerugian selisih                              exchange gains and losses and impairment
               kurs dan penurunan nilai diakui dalam laba                          are recognized in profit or loss. Gains or
               rugi. Keuntungan atau kerugian dari                                 losses on derecognition of these financial
               penghentian pengakuan diakui dalam laba                             assets are recognized in profit or loss.
               rugi.

          (iii). Liabilitas keuangan                                      (iii).   Financial liabilities

               Liabilitas keuangan diklasifikasikan dan                            Financial liabilities are classified as either
               diukur pada biaya perolehan diamortisasi                            measured at amortized cost or at FVTPL.
               atau FVTPL. Suatu liabilitas keuangan                               Financial liability is classified as FVTPL if it
               diklasifikasikan sebagai    FVTPL        jika                       is classified as held-for-trading, it is a
               diklasifikasikan  sebagai     dimiliki-untuk                        derivative, or it is designated as such on
               diperdagangkan, merupakan derivatif, atau                           initial recognition.
               ditetapkan untuk diukur pada FVTPL pada
               saat pengakuan awal.

               Liabilitas keuangan yang diukur pada biaya                          Financial liabilities measured at amortized
               perolehan diamortisasi selanjutnya diukur                           cost are subsequently measured using the
               menggunakan metode suku bunga efektif.                              effective interest method. Interest expense
               Beban bunga dan keuntungan dan kerugian                             and foreign exchange gains and losses are
               selisih kurs diakui pada laba rugi. Setiap                          recognized in profit or loss. Gains or losses
               keuntungan atau kerugian dari penghentian                           on derecognition are also recognized in
               pengakuan juga diakui dalam laba rugi.                              profit or loss.




                                                                                                                                16
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                              PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                               PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN           AKUNTANSI             MATERIAL         3.   MATERIAL              ACCOUNTING              POLICIES
     (Lanjutan)                                                      (Continued)

     d.   Instrumen keuangan (Lanjutan)                              d.   Financial instruments (Continued)

          (iv). Penghentian pengakuan                                     (iv).   Derecognition

              Aset keuangan                                                       Financial assets

              Grup melakukan transaksi di mana Grup                               The Group enters into transactions whereby
              mengalihkan aset yang diakui dalam                                  it transfers assets recognized in its
              laporan     posisi      keuangan,     tetapi                        statement of financial position, but retains
              mempertahankan seluruh ataupun secara                               either all or substantially all of the risks and
              substansial seluruh risiko dan manfaat dari                         reward of the transferred assets. In these
              aset yang dialihkan. Dalam kasus ini, aset                          cases, the transferred assets are not
              yang     dialihkan       tidak    dihentikan                        derecognized.
              pengakuannya.

              Liabilitas keuangan                                                 Financial liabilities

              Grup juga menghentikan pengakuan                                    The Company also derecognizes a financial
              liabilitas keuangan saat jangka waktunya                            liability when its terms are modified and the
              dimodifikasi dan arus kas dari liabilitas yang                      cash flows of the modified liability are
              dimodifikasi berbeda secara substansial,                            substantially different, in which case a new
              dimana       liabilitas    keuangan       baru,                     financial liability, based on the modified
              berdasarkan         jangka    waktu       yang                      terms, is recognized at fair value.
              dimodifikasi tersebut diakui pada nilai wajar.

          (v). Saling hapus                                               (v).    Offsetting

               Aset keuangan dan liabilitas keuangan                              Financial assets and financial liabilities are
               dapat saling hapus dan nilai netonya                               offset and the net amount presented in the
               disajikan dalam laporan posisi keuangan                            consolidated statement of financial position
               konsolidasian ketika, dan hanya ketika,                            when, and only when, the Group currently
               Grup saat ini memiliki hak yang                                    has a legally enforceable right to set off the
               berkekuatan hukum untuk melakukan                                  amounts and it intends either to settle them
               saling hapus dan bermaksud untuk                                   on a net basis or to realize the asset and
               menyelesaikannya secara neto atau untuk                            settle the liability simultaneously.
               merealisasikan aset dan menyelesaikan
               liabilitas secara simultan.

          (vi). Penurunan nilai                                           (vi).   Impairment

               Grup mengakui penyisihan kerugian untuk                            The Group recognizes loss allowances for
               kerugian kredit ekspektasian (“KKE”) atas                          expected credit loss (“ECL”) on financial
               aset keuangan yang diukur pada biaya                               assets measured at amortized cost.
               perolehan diamortisasi.

               Penyajian penyisihan KKE dalam laporan                             Presentation of allowance for ECL in the
               posisi keuangan konsolidasian                                      consolidated statement of financial position

               Penyisihan kerugian untuk aset keuangan                            Loss allowances for financial assets
               yang diukur pada biaya perolehan                                   measured at amortized cost are deducted
               diamortisasi dikurangkan dari jumlah                               from the gross carrying amount of the
               tercatat asset bruto.                                              assets.




                                                                                                                              17
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                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN            AKUNTANSI             MATERIAL         3.    MATERIAL           ACCOUNTING              POLICIES
     (Lanjutan)                                                        (Continued)

     d.   Instrumen keuangan (Lanjutan)                                d.   Financial instruments (Continued)

          (vi). Penurunan nilai (Lanjutan)                                  (vi). Impairment (Continued)

               Penyajian penyisihan KKE dalam laporan                             Presentation of allowance for ECL in the
               posisi keuangan konsolidasian (Lanjutan)                           consolidated statement of financial position
                                                                                  (Continued)

               Grup mengukur penyisihan kerugian                                  The Group measures loss allowances at an
               dengan jumlah yang mencerminkan KKE                                amount that reflects the lifetime ECL,
               sepanjang umurnya, kecuali untuk kas di                            except for cash in banks for which credit
               bank di mana risiko kreditnya (yaitu risiko                        risk (i.e. the risk of default occurring over
               gagal bayar yang terjadi selama umur                               the expected life of the financial
               ekspektasian dari instrumen keuangan)                              instrument) has not increased significantly
               tidak meningkat secara signifikan sejak                            since initial recognition, wherein the loss
               pengakuan awal, sehingga penyisihan                                allowance are determined based on the 12-
               kerugian ditentukan berdasarkan KKE 12                             month ECL.
               bulan.

               Penyisihan kerugian untuk piutang usaha                            Loss allowances for trade and other
               dan piutang lainnya yang diukur pada biaya                         receivables that are measured at
               perolehan diamortisasi, diukur pada jumlah                         amortized cost, are measured at an
               yang mencerminkan KKE sepanjang umur.                              amount that represents the lifetime ECL.

     e.   Penjabaran mata uang asing                                  e.    Foreign currency translations

          Transaksi dalam mata uang asing dijabarkan ke                     Transactions in foreign currencies are translated
          dalam mata uang fungsional terkait dari Grup                      to the respective functional currency of the Group
          (Rupiah) dengan kurs yang berlaku pada                            (Rupiah) at the rates of exchange prevailing at
          tanggal transaksi. Aset dan liabilitas moneter                    transactions date. Monetary assets and liabilities
          dalam mata uang asing dijabarkan dalam mata                       denominated       in   foreign    currencies    are
          uang fungsional dengan kurs pada tanggal                          retranslated to the functional currency at the
          pelaporan. Laba atau rugi kurs dari aset dan                      exchange rate at the reporting date. Foreign
          liabilitas moneter terdiri dari selisih antara biaya              currency gains or losses on monetary items are
          perolehan diamortisasi yang diukur dalam mata                     comprised of the difference between amortized
          uang       fungsional    pada      awal     periode,              cost measured in the functional currency at the
          disesuaikan dengan suku bunga efektif dan                         beginning of the period as adjusted for effective
          pembayaran selama periode berjalan, dan                           interest and payments during the period, and the
          biaya amortisasi yang diukur dalam mata uang                      amortized cost measured in foreign currency
          asing yang dijabarkan dengan kurs pada                            translated at the exchange rate at reporting date.
          tanggal pelaporan.

          Aset dan liabilitas nonmoneter dalam mata                         Non-monetary assets and liabilities denominated
          uang asing yang diukur pada biaya historis                        in a foreign currency that are measured at
          dijabarkan dengan menggunakan kurs pada                           historical cost are translated using the exchange
          tanggal transaksi.                                                rate at the date of the transaction.

          Laba dan rugi kurs dari penjabaran kembali                        Foreign currency gains and losses on
          aset dan liabilitas.moneter yang timbul dari                      retranslation of monetary assets and liabilities
          aktivitas operasi umumnya diakui di laba rugi.                    that arise from operating activities are generally
                                                                            recognized in profit or loss.




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                             PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                              PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL           ACCOUNTING              POLICIES
                                                                     (Continued)

     f.   Pajak penghasilan                                          f. Income tax

          Beban pajak penghasilan terdiri dari pajak                    Income tax expense consists of current and
          penghasilan kini dan pajak tangguhan. Beban                   deferred income tax. Current tax and deferred
          pajak kini dan pajak tangguhan diakui dalam laba              tax are recognized in profit or loss except to the
          rugi kecuali jika pajak tersebut terkait dengan               extent that they relate to items recognized
          transaksi yang langsung diakui dalam ekuitas atau             directly in equity or in other comprehensive
          dalam penghasilan komprehensif lain.                          income.

          Pajak kini adalah pajak yang dibayar atau utang               Current tax is the amount of tax paid, or payable
          atas penghasilan atau rugi kena pajak selama                  on taxable income or loss for the year, using tax
          tahun berjalan, dengan menggunakan tarif pajak                rates substantively enacted as of the reporting
          yang berlaku atau secara substansial berlaku                  date. Current tax also includes true-up
          pada tanggal pelaporan. Pajak kini termasuk                   adjustments made to the previous years’ tax
          penyesuaian terhadap provisi pajak tahun-tahun                provisions either to reconcile them with the
          sebelumnya, baik untuk menyesuaikan dengan                    income tax reported in annual tax returns, or to
          pajak penghasilan yang dilaporkan di pelaporan                account for differences arising from tax
          pajak tahunan, atau untuk memperhitungkan                     assessments. Current tax expense is measured
          perbedaan-perbedaan yang timbul dari hasil                    using the best estimate of the amount expected
          pemeriksaan     pajak.     Pajak  kini    diukur              to be paid or received, taking into consideration
          menggunakan estimasi terbaik dari jumlah yang                 the uncertainty associated with the complexity of
          diharapkan akan dibayar atau diterima, dengan                 tax regulations.
          mempertimbangkan ketidakpastian terkait dengan
          kompleksitas regulasi pajak.

          Pajak tangguhan diakui sehubungan dengan                      Deferred tax is recognized in respect of
          perbedaan-perbedaan temporer antara nilai                     temporary differences between the carrying
          tercatat aset dan liabilitas untuk tujuan pelaporan           amounts of assets and liabilities for financial
          keuangan dan nilai yang digunakan untuk tujuan                reporting purposes and the amounts used for
          perpajakan. Pajak tangguhan diukur dengan                     taxation purposes. Deferred tax is measured at
          menggunakan tarif pajak yang diharapkan akan                  the tax rates that are expected to be applied to
          diterapkan     terhadap       perbedaan-perbedaan             temporary differences when they reverse,
          temporer pada saat pembalikan berdasarkan                     based on the laws that have been enacted or
          peraturan yang telah berlaku atau secara                      substantively enacted as of the reporting date.
          substantif berlaku sampai dengan tanggal                      This accounting policy also requires the
          pelaporan.    Kebijakan      akuntansi    ini  juga           recognition of tax benefits, such as tax loss
          mengharuskan pengakuan atas keuntungan pajak                  carry forwards, which are originated in the
          masa mendatang, seperti kompensasi rugi fiskal                current period that are expected to be realized
          yang berasal dari periode berjalan yang                       in the future periods, to the extent that
          diharapkan dapat terealisasi di masa mendatang                realization of such benefits is probable.
          sepanjang manfaat tersebut kemungkinan besar
          dapat terealisasi.

          Aset pajak tangguhan ditelaah pada setiap tanggal             Deferred tax assets are reviewed at each
          pelaporan dan dikurangi sepanjang kemungkinan                 reporting date and are reduced to the extent
          besar manfaat pajak terkait tidak akan terealisasi;           that it is no longer probable that the related tax
          pengurangan tersebut dibalik ketika kemungkinan               benefit will be realized; such reductions are
          realisasi melalui laba kena pajak di masa depan               reversed when the probability of their
          meningkat.                                                    realization through future taxable profits
                                                                        improves.




                                                                                                                         19
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                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                   3.    MATERIAL           ACCOUNTING             POLICIES
                                                                     (Continued)

     f.   Pajak penghasilan (Lanjutan)                               f.   Income tax (Continued)

          Aset pajak tangguhan yang tidak diakui dinilai                  Unrecognized deferred tax assets are
          ulang pada setiap tanggal pelaporan dan diakui                  reassessed at each reporting date and
          sepanjang besar kemungkinan laba kena pajak                     recognized to the extent that it has become
          di masa depan akan tersedia untuk digunakan.                    probable that future taxable profits will be
                                                                          available against which they can be used.

     g.   Laba/rugi per saham dasar                                 g. Profit/loss per share

          Laba/rugi per saham dasar dihitung dengan                       Profit/ loss per share are computed by dividing
          membagi laba/ rugi tahun berjalan yang dapat                    profit/ loss for the year attributable to owners
          diatribusikan kepada pemilik Entitas Induk                      of the Company with the weighted average of
          dengan rata-rata tertimbang jumlah saham                        total ordinary shares outstanding/ issued
          biasa yang beredar/diterbitkan dalam tahun                      during the year.
          yang bersangkutan.

     h.   Transaksi dengan pihak-pihak berelasi                      h. Transactions with related parties

          Istilah pihak berelasi digunakan sesuai dengan                  Related party terms used are in accordance
          Pernyataan Standar Akuntansi Keuangan                           with Statement of Financial Accounting
          (“PSAK”) No. 224 tentang “Pengungkapan                          Standard (“PSAK”) No. 224, “Related Party
          Pihak-Pihak Berelasi”.                                          Disclosures”.

          Semua transaksi dan saldo signifikan dengan                     All significant transactions and balances with
          pihak-pihak berelasi diungkapkan dalam catatan                  related parties are disclosed in the notes to the
          atas laporan keuangan konsolidasian.                            consolidated financial statements.


     i.   Informasi segmen                                           i.   Segment information

          Segmen operasi adalah suatu komponen dari                       An operating segment is a component of the
          Grup yang melakukan aktivitas bisnis yang                       Group that engages in business activites from
          menghasilkan pendapatan dan menimbulkan                         which it may earn revenues and incur expenses,
          beban, termasuk pendapatan dan beban terkait                    including revenues and expenses relating to
          atas transaksi dengan komponen lain, Grup                       transactions with other components. The Group
          mengidentifikasikan      segmen     operasi                     identifies its operating segments on the basis of
          berdasarkan pelaporan internal yang dikaji                      internal reports that are regularly reviewed by
          secara berkala oleh pengambil keputusan                         the chief operating decision maker in order to
          operasional      utama      dalam   rangka                      allocate resources to the segment and assess
          mengalokasikan sumber daya dan menilai                          its performance.
          kinerja segmen operasi tersebut.

          Segmen operasi dilaporkan dengan cara yang                      Operating segments are reported in a manner
          konsisten dengan pelaporan internal yang                        consistent with the internal reporting provided to
          diberikan kepada Direksi sebagai pengambil                      the Board of Directors as the Group’s chief
          keputusan operasional Grup.                                     operating decision maker.

          Pelaporan segmen operasi Entitas Induk dan                      The operating segment reporting of the
          entitas anak adalah berdasarkan segmen                          Company and subsidiary is based on
          geografi yang terdiri dari Jawa dan luar Jawa.                  geographical segments that consist of Java and
                                                                          outside Java.




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                           PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                            PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

4. KAS                                                        4.   CASH
  Kas terdiri dari:                                                Cash consist of:

                                              2025                  2024

   Kas                                                                                                       Cash on hand
     Rupiah                                            68                    139                               Rupiah

   Bank                                                                                                      Cash in banks
     Rupiah                                                                                                      Rupiah
        PT Bank Central Asia Tbk                   50,242               50,188              PT Bank Central Asia Tbk
        PT Bank SMBC Indonesia Tbk                  1,022                8,397         PT Bank SMBC Indonesia Tbk
        PT Bank HSBC Indonesia                        330                  244              PT Bank HSBC Indonesia
        PT Bank Permata Tbk                           181                    4                  PT Bank Permata Tbk
        PT Bank CIMB Niaga Tbk                        107                  173              PT Bank CIMB Niaga Tbk
        PT Bank Rakyat Indonesia                                                           PT Bank Rakyat Indonesia
             (Persero) Tbk                             25                     27                     (Persero) Tbk
        PT Bank Mandiri (Persero) Tbk                  11                    779       PT Bank Mandiri (Persero) Tbk
        PT Bank Negara Indonesia                                                          PT Bank Negara Indonesia
             (Persero) Tbk                             11                  9,698                    (Persero) Tbk
        Citibank N.A. cabang Jakarta                    -                    505         Citibank N.A. Jakarta branch
     Dolar Amerika Serikat                                                                                     US Dollar
        PT Bank Central Asia Tbk                        -                   48              PT Bank Central Asia Tbk
        PT Bank HSBC Indonesia                         28                  151              PT Bank HSBC Indonesia
   Jumlah kas di bank                              51,957               70,214                           Total cash in banks

                                                   52,025               70,353

  Pada tanggal 31 Desember 2025 dan 2024, Grup                     As of 31 December 2025 and 2024, the Group did not
  tidak menjaminkan kas. Kas di bank dapat ditarik                 pledge its cash. Cash in banks can be withdrawn at
  setiap saat dari bank tanpa penalti.                             any time from the bank without penalty.

5. PIUTANG USAHA                                               5. TRADE RECEIVABLES

   Rincian piutang usaha adalah sebagai berikut:                   The details of trade receivables are as follows:

                                              2025                    2024

   Pihak ketiga                                    440,266)                423,595)                             Third parties
   Dikurangi penyisihan penurunan nilai            (44,005)                (40,999)    Less allowance for impairment losses
   Pihak ketiga - neto                             396,261)                382,596)                        Third parties - net
   Pihak berelasi (Catatan 18a)                     65,292)                 50,975)              Related parties (Note 18a)
                                                   461,553)                433,571)

   Mutasi penyisihan penurunan nilai piutang usaha                 The changes of allowance for impairment losses of
   adalah sebagai berikut:                                         trade receivables are as follows:

                                              2025                    2024

   Saldo awal tahun                                 40,999)                35,741)              Balance at beginning of year
   Penyisihan atas penurunan nilai                                                          Provision on impairment of trade
    piutang usaha                                    3,160)                  5,390)                           receivables
   Penghapusan                                        (154)                   (132)                               Written-off
   Saldo akhir tahun                                44,005)                 40,999))              Balance at the end of year

   Berdasarkan penelaahannya atas status masing-                   Based on the evaluation of the status of each debtor at
   masing debitur pada akhir tahun, manajemen                      year end, management believes that allowance for
   berkeyakinan bahwa jumlah penyisihan kerugian                   impairment loss on trade receivables is adequate.
   penurunan nilai atas piutang usaha telah memadai.

   Pada tanggal 31 Desember 2025 dan 2024, semua                   As of 31 December 2025 and 2024, all Group’s trade
   piutang usaha Grup merupakan piutang usaha dalam                receivables are denominated in Rupiah currency and
   mata uang Rupiah dan Grup tidak menjaminkan                     the Group did not pledge its trade receivables.
   piutang usahanya.



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                           PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                            PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

6. PERSEDIAAN                                                  6. INVENTORIES
  Persediaan yang merupakan barang dagangan                       The details of merchandise inventories are as
  memiliki rincian sebagai berikut:                               follows:

                                               2025                 2024

  Keramik                                        178,370)              194,794)                                 Ceramics
  Barang sanitasi                                 30,256)               16,182)                            Sanitary ware
  Granito                                         23,674)               53,081)                                  Granite
  Vinil                                            5,869)                2,610)                                     Vinyl
  Lain-lain                                        3,216)                  156)                                   Others
  Persediaan dalam perjalanan                      4,475)                6,809)                          Goods in transit
  Jumlah persediaan                              245,860)              273,632)                         Total inventories
  Dikurangi penyisihan penurunan                                                        Less allowance for impairment of
     nilai persediaan dan persediaan                                                       inventories and inventories
     usang                                        (8,961)               (5,752)                        obsolescences
                                                 236,899)              267,880)

  Mutasi   penyisihan   kerugian     penurunan         nilai      Movement of provision for impairment loss of
  persediaan adalah sebagai berikut:                              inventories was as follow:

                                               2025                 2024

  Saldo 1 Januari                                     5,752)            10,551))                      Balance 1 January
  Penambahan penyisihan                               3,209)                 -))                    Addition of provision
  Pengurangan penyisihan                                  -)            (4,799))                   Deduction of provision
  Saldo 31 Desember                                   8,961)             5,752))                   Balance 31 December

  Pada tanggal 31 Desember 2025, persediaan                       As of 31 December 2025, the inventories were
  diasuransikan dengan nilai pertanggungan sebesar                insured for Rp 144,700 (2024: Rp 148,900).
  Rp 144.700 (2024: Rp 148.900). Manajemen                        Management assesses that the sum insured can
  berpendapat bahwa nilai pertanggungan ini dapat                 cover the risk of potential loss due to fire, stolen
  menutupi kemungkinan risiko kerugian yang dapat                 and other risk.
  timbul akibat kebakaran, pencurian dan risiko kerugian
  lain.

  Berdasarkan hasil penelaahan terhadap keadaan fisik             Based on the result of the review of the physical
  dan nilai realisasi bersih pada akhir periode pelaporan,        condition and net realizable values at the end of
  manajemen Grup berkeyakinan bahwa penyisihan                    reporting period, the Group’s management believes
  penurunan nilai persediaan dan persediaan usang                 that the allowance for impairment loss and
  telah memadai untuk menutup kemungkinan kerugian                inventories obsolescences is adequate.
  dari penurunan nilai persediaan.

  Semua persediaan di atas merupakan persediaan yang              All inventories mentioned above are owned by the
  dimiliki oleh Grup dan tidak terdapat persediaan yang           Group, there is no inventory that is consigned to any
  dikonsinyasikan kepada pihak lain, serta tidak ada              other parties, and there is no inventory that is
  persediaan yang dijaminkan sehubungan dengan                    pledged as collateral for any obligations.
  kewajiban apapun.




                                                                                                                      22
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                              PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                               PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

 7. UTANG USAHA                                                    7.   TRADE PAYABLES

     Rincian utang usaha        atas   pembelian    barang              The details of trade payables for purchase of
     dagangan terdiri dari:                                             merchandise inventories are as follows:

                                                    2025                2024

     Pihak berelasi (Catatan 18c)                       806,713            866,599                Related parties (Note 18c)
     Pihak ketiga                                        54,509             30,480                              Third parties
                                                        861,222            897,079

     Rincian umur utang usaha adalah sebagai berikut:                   The details of aging schedule of trade payables are as
                                                                        follows:

                                                   2025                  2024

     Belum jatuh tempo                                  849,613            751,574)                              Not yet due
     Sudah jatuh tempo:                                                                                            Past due:
       1 - 30 hari                                        5,061             44,832)                          1 - 30 days
       31 - 60 hari                                         242             94,277)                         31 - 60 days
       61 - 90 hari                                          83                417)                         61 - 90 days
       91 - 120 hari                                         66                  -)                        91 - 120 days
       Lebih dari 120 hari                                6,157              5,979)                  More than 120 days
                                                        861,222            897,079)

      Rincian utang usaha berdasarkan mata uang adalah                  The details of trade payables based on original
      sebagai berikut:                                                  currencies are as follows:

                                                    2025                  2024

      Rupiah Indonesia                                  856,681              895,490                      Indonesian Rupiah
      Baht Thailand                                         381                1,352                           Thailand Baht
      Dolar Amerika Serikat                                   4                  237                     United States Dollar
      Yuan Tiongkok                                       4,156                    -                           Chinese Yuan
                                                        861,222              897,079



8.    UTANG LAIN-LAIN                                              8.   OTHER PAYABLES

                                                   2025                  2024

      Pihak berelasi (Catatan 18c)                         9,461                 8,717             Related parties (Note 18c)
      Pihak ketiga                                         1,372                 1,348                           Third parties
                                                         10,833                10,065

     Utang lain-lain dari pihak berelasi terdiri dari utang              Other payables from related parties represent
     yang berasal dari jasa profesional, jasa IT dan biaya               payables from professional services, IT services
     penggantian (seperti air, listrik, bahan bakar dan                  and reimbursement expenses (i.e water, electricity,
     lainnya).                                                           fuel, etc).




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                              PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                               PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

9.   BEBAN MASIH HARUS DIBAYAR                                    9.        ACCRUED EXPENSES

     Beban masih harus dibayar terdiri dari:                                Accrued expenses consist of the following:

                                                    2025                         2024

     Potongan harga dan promosi penjualan               19,090                      23,497            Sales rebate and promotion
     Pengiriman barang                                  10,859                      10,607                                Freight
     Pemasaran                                           4,950                         259                             Marketing
     Upah                                                3,363                       1,534                                Wages
     IT                                                  1,661                       1,767                                     IT
     Biaya jasa profesional                              1,280                       1,531                      Professional fees
     Lain-lain                                           2,359                       1,397                                Others
                                                        43,562                      40,592

10. PERPAJAKAN                                                        10.   TAXATION

     a. Pajak penghasilan yang dapat dikembalikan terdiri                   a.     Refundable income taxes consists of:
         dari:

                                                    2025                         2024

          Lebih bayar tahun fiskal 2025                 10,956                           -           Overpayment fiscal year 2025
          Lebih bayar tahun fiskal 2024                 17,125                      17,125           Overpayment fiscal year 2024
          Lebih bayar tahun fiskal 2023                      -                      12,421           Overpayment fiscal year 2023
                                                        28,081                      29,546

          Pada 24 Juli 2025, Entitas induk telah menerima                          On 24 July 2025, the Company has received
          hasil pemeriksaan pajak yang menyatakan lebih                            tax audit resulted in overpayment amounted to
          bayar sebesar Rp 12.421 dan telah menerima                               Rp 12,421 and received the tax refund of the
          pengembalian pajak penghasilan badan untuk                               Company’s corporate income tax for fiscal year
          tahun pajak 2023 pada 5 Agustus 2025.                                    2023 on 5 August 2025.

          Sampai dengan tanggal laporan keuangan,                                  As of the date of the financial statements, the
          pemeriksaan pajak untuk tahun fiskal 2024                                tax audit for fiscal year 2024 was still ongoing.
          masih     berlangsung.   Pengembalian    pajak                           The refunds are expected to be received more
          diharapkan akan diterima lebih dari satu tahun                           than one year after the reporting date.
          setelah tanggal pelaporan.


     b. Utang pajak ini terdiri dari:                                        b. Taxes payable consists of:

                                                    2025                         2024

          Utang pajak:                                                                                            Taxes payable:
            Pasal 4 (2)                                      45                         24                         Article 4 (2)
            Pasal 21                                        519                        592                           Article 21
            Pasal 23/26                                     363                        430                        Article 23/26
                                                            927                      1,046

     c.   Beban pajak                                                       c. Tax expense

          Beban pajak terdiri dari:                                              Tax expense consist of:

                                                     2025                        2024

          Entitas induk                                                                                              The Company
           Pajak tangguhan                                   625                   (1,623)                           Deferred tax
          Entitas anak                                                                                              The Subsidiary
           Pajak tangguhan                                        -                      -)                          Deferred tax
                                                             625                    (1,623)




                                                                                                                                  24
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                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

10. PERPAJAKAN (Lanjutan)                                             10. TAXATION (Continued)

  d.   Pajak kini                                                         d.   Current tax

       Rekonsiliasi antara laba (rugi) sebelum pajak                           The reconciliation between profit (loss) before
       seperti yang disajikan dalam laporan laba rugi                          tax, as shown in the consolidated statement of
       dan penghasilan komprehensif lain konsolidasian                         profit or loss and other comprehensive income
       dengan rugi kena pajak untuk tahun yang                                 and taxable loss for the years ended
       berakhir pada tanggal-tanggal 31 Desember                               31 December 2025 and 2024 are as follows:
       2025 dan 2024 adalah sebagai berikut:

                                                 2025                     2024

       Rugi sebelum pajak menurut laporan                                                            Loss before tax as shown in the
         laba rugi dan penghasilan                                                            consolidated statement of profit or
         komprehensif lain konsolidasian              (5,923)                  (33,887)   loss and other comprehensive income
       Dikurangi rugi entitas anak sebelum                                                     Deduction loss of subsidiary before
         beban pajak                                     6,019)                  7,078)                                tax expenses
       Laba (rugi) sebelum pajak Entitas                                                     Profit (loss) before tax attributable to the
         Induk                                              96)                (26,809)                                     Company
       Perbedaan temporer:                                                                                     Temporary differences:
         Imbalan kerja karyawan                          2,447)                   (439)                          Employee benefits
         Penyusutan dan amortisasi                       1,784)                  3,510)             Depreciation and amortization

       Perbedaan permanen:                                                                                 Permanent differences:
        Pembalikan penyisihan penurunan                                                     Reversal allowance for impairment of
           nilai persediaan dan persediaan                                                         inventories and inventories
           usang                                         3,338)                 (4,799)                          obsolescence
        Penyisihan penurunan                                                                 Allowance for impairment losses of
           nilai piutang                              3,160)                     5,390)                               receivables
        Beban dan denda pajak                         2,185)                     2,599)              Tax expenses and penalty
        Amortisasi aset hak-guna                      1,544)                    (1,061)      Amortization of right-of-use assets
        Bunga atas liabilitas sewa                      920)                     1,147)               Interest on lease liabilities
        Promosi                                         791)                   ((8,280)                                Promotion
        Laba penjualan aset tetap                   (22,973)                          -           Gain on sales of fixed assets
        Perjalanan                                         -                     1,023)                                 Travelling
        Jamuan dan sumbangan                               -                     1,112)             Entertainment and donation
        Pemeliharaan dan perbaikan                         -                      (143)              Repairs and maintenances
        Seragam                                            -                       202)                         Uniform expense
        Beban bunga                                        -                        54)                         Interest expense
        Lain-lain                                    10,678)                     4,881)                                    Others
       Penghasilan (rugi) kena pajak                                                        Taxable income (loss) before fiscal
         sebelum kompensasi rugi fiskal                                                                         loss carryforward
         tahun sebelumnya                                3,970)                (21,613)

       Rugi fiskal tahun sebelumnya yang                                                                    Fiscal loss carry forward
       belum dikompensasikan                        (77,244)                   (61,780)
       Akumulasi rugi fiskal                        (73,274)                   (83,393)                      Accumulated fiscal loss


       Perhitungan beban pajak dan utang pajak                                 The computation of tax expense and income
       penghasilan untuk tahun yang berakhir pada                              tax payable for the years ended 31 December
       tanggal-tanggal 31 Desember 2025 dan 2024                               2025 and 2024 are as follows:
       adalah sebagai berikut:

                                                  2025                          2024

       Taksiran penghasilan (rugi) kena pajak                                                        Estimated taxable income (loss)
         Entitas induk                                   3,970)                    (21,613)                        The Company
       Dikurangi kompensasi                                                                                Less utilization of tax loss
         rugi fiskal                                     (3,970)                            -                        carryforward
       Tarif pajak yang berlaku                           22%)                         22%)                         Statutory tax rate
       Beban pajak kini                                                                                           Current tax expense
         Entitas induk                                            -                         -                        The Company
         Entitas anak                                             -                         -                       The Subsidiary
       Jumlah beban pajak kini                                    -                         -                Total current tax expense




                                                                                                                                       25
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                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

10. PERPAJAKAN (Lanjutan)                                                10. TAXATION (Continued)

   d.   Pajak kini (Lanjutan)                                                  d. Current tax (Continued)

                                                        2025                       2024

        Dikurangi pajak penghasilan dibayar
            di muka                                                                                         Less prepaid income tax
            Entitas induk                                                                                         The Company
            Pasal 22                                        (10,956)                  (17,125)                        Article 22
        Jumlah pajak penghasilan dibayar
            di muka                                         (10,956)                  (17,125)              Total prepaid income tax

        Lebih bayar pajak penghasilan                                                                           Income tax over paid
            Entitas induk                                   (10,956)                  (17,125)                     The Company
            Entitas anak                                          -)                        -)                    The Subsidiary
        Lebih bayar pajak penghasilan                       (10,956)                  (17,125)                Income tax over paid

        Dalam laporan keuangan konsolidasian ini, jumlah                           In these consolidated financial statements, the
        penghasilan kena pajak tahun 2025 didasarkan                               amount of taxable income for 2025 is based on
        atas perhitungan sementara, karena Grup belum                              preliminary calculations, as the Group has not
        menyampaikan Surat Pemberitahuan Tahunan                                   yet submitted its Annual Corporate Income
        pajak penghasilan badan.                                                   Tax Returns.

   e. Pajak tangguhan                                                          e. Deferred tax

        Komponen aset pajak tangguhan adalah sebagai                               Component of deferred tax assets are as of
        berikut:                                                                   follows:

                                                                          Diakui dalam
                                                                           penghasilan
                                                                          komprehensif
                                                     Diakui dalam       lain/ Recognized
                                   31 Desember/           laba                in other
                                     December      rugi/Recognized       comprehensive      31 Desember/
                                       2024         in profit or loss         income       December 2025

                                                                                                                   Employee benefits
        Liabilitas imbalan kerja          2,467)                639)               (459)            2,647                Liabilities
        Penyusutan                        2,458)                152)                  -)            2,610                Depreciation
        Amortisasi aset tak                                                                                  Amortization of intangible
            berwujud                       296)                (166)                  -)             130                    Assets
        Jumlah aset pajak                                                                                          Total deferred tax
            tangguhan                     5,221)                625)               (459)            5,387                  Assets


        Komponen aset pajak tangguhan adalah sebagai                               Component of deferred tax assets are as of
        berikut:                                                                   follows:
                                                                          Diakui dalam
                                                                           penghasilan
                                                                          komprehensif
                                                     Diakui dalam       lain/ Recognized
                                   31 Desember/           laba                in other
                                     December      rugi/Recognized       comprehensive      31 Desember/
                                       2023         in profit or loss         income       December 2024
                                                                                                                    Employee benefits
        Liabilitas imbalan kerja          2,153)                 (97)               411            2,467)                    liabilities
                                                                                                            Provision for impairment of
        Penyisihan penurunan                                                                                          inventories and
           nilai persediaan dan                                                                                            inventories
           persediaan usang               2,321)             (2,321)                  -)               -)              obsolescences
        Penyusutan                        1,840)                618)                  -)           2,458)                  Depreciation
        Amortisasi aset tak                                                                                  Amortization of intangible
           berwujud                        119)                 177)                  -)             296)                       assets
        Jumlah aset pajak                                                                                           Total deferred tax
           tangguhan                      6,433)             (1,623)                411            5,221)                        assets




                                                                                                                                      26
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                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

10. PERPAJAKAN (Lanjutan)                                     10. TAXATION (Continued)

   e. Pajak tangguhan (Lanjutan)                                   e. Deferred tax (Continued)
       Aset pajak tangguhan yang tidak diakui:                        The following deferred tax assets have not
                                                                      been recognized:
                                                   2025             2024
       Penyisihan penurunan nilai piutang usaha       9,681            9,020   Provision.for.impairment.of.trade.receivable
       Penyisihan penurunan nilai persediaan dan                                  Provision for impairment of inventories
         persediaan usang                             1,971            1,265          and inventories obsolescences
       Penyusutan dan amortisasi – Entitas anak         673              620   Depreciation and amortization – Subsidiary
       Rugi fiskal yang dapat dikompensasikan        19,695           22,408                      Tax loss carry forwards
                                                     32,020           33,313

      Rugi fiskal yang dapat dikompensasikan Grup                      The Group’s tax loss carry forwards as of
      pada 31 Desember 2025 dan 2024 sejumlah Rp                       31 December 2025 and 2024 amounted to
      89.523 dan Rp 101.854 akan berakhir pada 2030                    Rp 89,523 and Rp 101,854 will be expire in
      dan 2029 jika tidak digunakan.                                   2030 and 2029 if not utilized.
      Beda waktu yang memberikan peningkatan pada                     The temporary difference that gives rise to the
      aset pajak tangguhan dari penyisihan penurunan                  deferred tax asset for the provision for
      nilai piutang usaha dan persediaan tidak ada                    impairment of trade receivables and inventories
      masa berakhirnya, tetapi sebelum penyisihan                     does not expire, however before such provision
      tersebut dapat diakui sebagai pengurang pajak,                  can be deductible there must be evidence that
      Grup harus memberikan bukti bahwa piutang                       the receivables and inventories are written off in
      usaha tidak dapat tertagih dan persediaan                       accordance with tax regulations.
      dihapuskan berdasarkan peraturan perpajakan.
       Sesuai peraturan perpajakan di Indonesia,                      Under the taxation laws of Indonesia, the
       Perseroan dan entitas anaknya melaporkan/                      Company and its Subsidiary submit/ pay
       menyetorkan pajak untuk setiap Perseroan                       individual company tax returns on the basis of
       sebagai suatu badan hukum berdasarkan sistem                   self-assessments. The tax authorities may
       self-assessment.     Otoritas    pajak    dapat                assess or ammend taxes within the statute of
       menetapkan atau mengubah pajak-pajak tersebut                  limitations, under prevailing regulations.
       sebelum     masa     kadaluwarsa    pemeriksaan
       sebagaimana yang telah ditetapkan oleh
       peraturan yang berlaku.
      Posisi perpajakan Grup dapat dipertanyakan oleh                 The Group’s tax positions may be challenged by
      otoritas pajak. Posisi perpajakan Grup dibentuk                 the tax authorities. The Group’s tax positions are
      berdasarkan dasar teknis yang logis dan sesuai                  formed on sound technical bases, in compliance
      dengan peraturan perpajakan. Oleh karena itu,                   with    the    tax     regulations.    Accordingly,
      manajemen berkeyakinan bahwa akrual atas                        management believes that no accruals for
      potensi liabilitas pajak penghasilan tidak                      potential income tax liabilities is necessary. This
      diperlukan. Penilaian ini didasarkan pada estimasi              assessment relies on estimates and assumptions
      dan     asumsi      dan     mungkin     melibatkan              and may involve judgment about future events.
      pertimbangan mengenai kejadian di masa depan.                   New information may become available that
      Informasi    baru     mungkin     tersedia    yang              causes management to change its judgment.
      menyebabkan           manajemen         mengubah                Such changes will impact tax expense in the
      pertimbangannya. Perubahan tersebut akan                        period in which such determination is made.
      berdampak pada beban pajak pada periode
      dimana penentuan tersebut dibuat.
      Perseroan beroperasi di Indonesia yang telah                    The Company operates in Indonesia which has
      memberlakukan undang-undang pajak top-up                        enacted top-up tax legislations as part of the
      sebagai bagian dari reformasi pajak internasional               international tax reform under the Pillar Two
      di bawah Aturan Model Pilar Dua untuk                           Model Rules to impose a global minimum tax at
      mengenakan pajak minimum global dengan tarif                    an effective tax rate of no less than 15% in each
      pajak efektif tidak kurang dari 15% di setiap                   jurisdiction. This will impact the financial
      yurisdiksi. Hal ini akan berdampak pada laporan                 statements of the Company for the year starting
      keuangan Perseroan untuk tahun buku mulai                       from 1 January 2025, onwards. The ultimate
      1 Januari 2025 dan seterusnya. Perseroan induk                  parent company is responsible for the impact
      utama bertanggung jawab atas penilaian dampak                   assessment of these legislations. Based on the
      undang-undang       ini.  Berdasarkan   penilaian               impact assessment from financial information for
      dampak dari informasi keuangan untuk tahun buku                 the year ended 31 December 2025, there was no
      yang berakhir pada 31 Desember 2025, tidak ada                  impact to the Company's financial statement.
      dampak terhadap laporan keuangan Perseroan.


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                          PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                           PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

11. MODAL SAHAM                                                  11.   SHARE CAPITAL

   Susunan pemegang saham Perseroan pada tanggal                       The Company’s shareholding as of 31 December
   31 Desember 2025 dan 2024, berdasarkan catatan                      2025 and 2024, based on the record managed by PT
   yang dikelola oleh PT Adimitra Transferindo, adalah                 Adimitra Transferindo, was as follows:
   sebagai berikut:

                                         Jumlah saham
                                        ditempatkan dan
                                         disetor penuh/     Persentase
                                            Number of       pemilikan/       Jumlah modal
                                         shares issued     Percentage of     saham/ Total
                                          and fully paid    ownership         share capital

   SCG Distribution Company Limited,                                                                SCG Distribution Company
      Thailand                                      889           90.62%               88,883               Limited, Thailand
   Masyarakat (pemilikan di bawah 5%)                92            9.38%                9,201      Public (ownership below 5%)
                                                    981          100.00%               98,084

12. TAMBAHAN MODAL DISETOR                                       12.   ADDITIONAL PAID-IN CAPITAL

    Pada tanggal-tanggal 31 Desember 2025 dan 2024,                    As of 31 December 2025 and 2024, this account
    rincian akun ini adalah sebagai berikut:                           consists of the following:

                                                   2025                    2024

    Agio saham yang berasal dari                                                                  Additional paid-in capital from
        penawaran umum perdana                         17,500)                    17,500)               initial public offering
    Agio atas konversi waran                                                                    Share premium upon conversion
        menjadi saham                                     276)                    276)              of warrants into shares
    Pembagian saham bonus                             (12,750)                (12,750)              Distribution of bonus shares
    Beban emisi efek ekuitas                           (1,684)                 (1,684)                        Stock issuance cost
                                                        3,342)                  3,342)


13. PENJUALAN                                                    13.   SALES
   Rincian penjualan berdasarkan kelompok produk                       The details of sales categorized by main products
   utama adalah sebagai berikut:                                       are as follows:

                                                  2025                     2024

    Semen                                              994,515                 875,934                                   Cement
    Keramik                                            807,019                 708,746                                  Ceramic
    Semen beton                                        772,212                 778,431                         Cement concrete
    Bebatuan                                           300,596                 213,055                                    Clinker
    Granito                                            108,142                 264,395                                   Granite
    Pipa dan beton                                      89,284                 172,061                            Pipe & Precast
    Bata ringan                                         32,983                  54,167                      Lightweight concrete
    Barang sanitasi                                     66,418                  48,315                             Sanitary ware
    Lain-lain                                           23,514                  19,539                                    Others
                                                     3,194,683               3,134,643

   Pengakuan pendapatan: produk ditransfer pada                        Timing of revenue recognition: products transferred
   waktu tertentu.                                                     at a point in time.
   Tidak terdapat penjualan kepada pihak tertentu yang                 No sales to certain parties that exceeded 10% of
   melebihi 10% dari penjualan konsolidasian untuk                     the consolidated sales for the years ended
   tahun    yang    berakhir   pada    tanggal-tanggal                 31 December 2025 and 2024.
   31 Desember 2025 dan 2024.
   Grup melakukan penjualan        kepada    pihak-pihak               The Group had sales to related parties (Note 18d).
   berelasi (Catatan 18d).




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                          PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                           PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

14. BEBAN POKOK PENJUALAN                                     14.    COST OF SALES
   Rincian beban pokok penjualan adalah sebagai                      The details of cost of sales are as follows:
   berikut:

                                                2025                     2024

   Persediaan awal                                 273,632)                318,874)                 Beginning inventories
   Pembelian bersih                              2,901,804)              2,864,083)                         Net purchase
   Tersedia untuk dijual                         3,175,436)              3,182,957)                     Available for sale
   Persediaan akhir                               (245,860)               (273,632)                    Ending inventories
   Penambahan (pembalikan) penyisihan                                                     Addition (reversal) provision for
      selama tahun berjalan                          3,209)                 (4,799)                               the year
                                                 2,932,785)              2,904,526)

   Grup melakukan pembelian persediaan dari pihak-                   The Group purchased inventories from related
   pihak berelasi (Catatan 18e).                                     parties (Note 18e).
    Rincian pemasok dengan nilai pembelian melebihi                   The details of supplier from which purchases
    10% dari jumlah pembelian bersih Grup tahun yang                  exceed 10% of the Group’s total net purchase for
    berakhir pada 31 Desember 2025 dan 2024 adalah                    the years ended 31 December 2025 and 2024 are
    sebagai berikut:                                                  as follows:


                                                                    Persentase terhadap
                                                                      Jumlah Penjualan
                                                                     (%)/ Percentage of
                                                                        Total Sales

   Pemasok                              2025           2024          2025        2024                               Suppliers

   PT Semen Jawa                       1,159,334     1,024,688       36.29%      32.69%            PT Semen Jawa
   PT SCG Readymix Indonesia             730,193       728,251       22.86%      23.23% PT SCG Readymix Indonesia
   PT Keramika Indonesia                                                                     PT Keramika Indonesia
     Assosiasi Tbk                       477,951       464,838       14.96%      14.83%            Assosiasi Tbk
                                       2,367,478     2,217,777       74.11%      70.75%



15. BEBAN PENJUALAN                                           15.    SELLING EXPENSES
   Rincian beban penjualan adalah sebagai berikut:                   The details of selling expenses are as follows:

                                                     2025                2024

  Pengiriman barang                                     97,537             83,671                                  Freight
  Pemasaran dan promosi                                 19,940             23,981               Advertising and promotion
  Perjalanan dinas                                       2,856              3,339                               Travelling
                                                       120,333            110,991




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                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

16. BEBAN UMUM DAN ADMINISTRASI                                       16.     GENERAL AND ADMINISTRATIVE EXPENSES
    Rincian beban umum dan administrasi adalah                               The details of general and administrative expenses
    sebagai berikut:                                                          as follows:

                                                          2025                         2024

                                                                                                               Salaries and other employees’
    Gaji dan kesejahteraan karyawan                           66,971                     64,457                                 compensation
    Jasa profesional                                          29,558                     29,417                              Professional fees
    Outsourcing                                               19,386                     18,999                                   Outsourcing
    Amortisasi aset hak-guna                                   9,567                      8,886            Amortization of right-of-use assets
    Penyusutan                                                 6,381                      7,726                                   Depreciation
    Amortisasi aset tak berwujud                               3,872                      1,542              Amortization of intangible assets
    Sewa                                                       2,605                      3,357                                           Rent
    Perbaikan dan pemeliharaan                                 2,538                      4,019                      Repair and maintenance
    Peralatan dan perlengkapan kantor                          2,109                      4,189                Office supplies and equipment
    Pos, komunikasi, dan telepon                               2,066                      2,071         Postage, communication, and telephone
    Transportasi                                               1,949                      2,208                                 Transportation
    Listrik dan air                                            1,507                      1,595                          Water and electricity
    Jamuan dan representasi                                    1,126                        989             Entertainment and representation
    Asuransi                                                     856                      1,008                                      Insurance
    Lain-lain (masing-masing di bawah Rp 200 juta)             2,441                      1,864          Other (each below of Rp 200 million)
                                                             152,932                    152,327


17. RUGI PER SAHAM DASAR DAN DILUSIAN                                  17. BASIC AND DILUTED LOSS PER SHARE
   Rugi per saham dasar dihitung dengan membagi                               Basic loss per share is computed by dividing loss by
   rugi tahun berjalan dengan rata-rata tertimbang                            the weighted average number of fully paid ordinary
   jumlah saham biasa yang ditempatkan penuh, yang                            shares that outstanding during the year, as follows:
   beredar selama tahun bersangkutan, sebagai
   berikut:
                                                            2025                        2024

   Rugi tahun berjalan yang dapat diatribusikan                                                                  Loss for the year attributable
   kepada pemilik Entitas Induk                                  (5,298)                 (35,510)                  to owners of the Company
                                                                                                          Weighted average number of shares
   Rata-rata tertimbang jumlah saham yang beredar                    981                       981                                outstanding
   Rugi per saham dasar dan dilusian (dalam                                                                Basic and diluted loss per share
   Rupiah penuh)                                                   (5.40)                 (36.20)                          (in whole Rupiah)


18. SIFAT, TRANSAKSI, DAN SALDO DENGAN                                 18.     NATURE, TRANSACTIONS, AND BALANCES
    PIHAK BERELASI                                                             WITH RELATED PARTIES
   Ikhtisar transaksi dan saldo Grup dengan pihak-pihak                        Summary of transactions of the Group with its
   berelasi adalah sebagai berikut:                                            related parties were as follows:

    a. Piutang usaha                                                           a.       Trade receivables
      Rincian piutang usaha dari pihak berelasi adalah                                  The details of trade receivables from related
      sebagai berikut:                                                                  parties are as follows:
                                                                                           Persentase
                                                     Persentase                         terhadap jumlah
                                                  terhadap jumlah                              aset/
                                                  aset/ Percentage                       Percentage to
                                       2025        to total assets          2024           total assets

    PT Catur Mitra Sejati Sentosa       38,409              4.42%           22,548                   2.49%     PT Catur Mitra Sejati Sentosa
    PT SCG Readymix Indonesia           10,610              1.22%           10,931                   1.21%     PT SCG Readymix Indonesia
    PT Caturkarda Depo                                                       9,389                   1.03%             PT Caturkarda Depo
       Bangunan Tbk                      9,429              1.09%                                                          Bangunan Tbk
    PT Megadepo Indonesia                5,615              0.65%            6,613                   0.73%         PT Megadepo Indonesia
    PT Catur Sentosa                                                                                                      PT Catur Sentosa
       Adiprana Tbk                      1,078              0.12%            1,462                   0.16%                  Adiprana Tbk
    PT Keramika Indonesia                                                                                           PT Keramika Indonesia
       Assosiasi Tbk                       151              0.02%                  8                 0.00%                  Assosiasi Tbk




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                                PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                 PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

18. SIFAT, TRANSAKSI, DAN SALDO DENGAN                                     18. NATURE, TRANSACTIONS, AND BALANCES
    PIHAK BERELASI (Lanjutan)                                                  WITH RELATED PARTIES (Continued)

   a. Piutang usaha (Lanjutan)                                                a. Trade receivables (Continued)
         Rincian piutang usaha dari pihak berelasi adalah                            The details of trade receivables from related
         sebagai berikut: (Lanjutan)                                                 parties are as follows: (Continued)
                                                            Persentase                            Persentase
                                                             terhadap                          terhadap jumlah
                                                           jumlah aset/                               aset/
                                                          Percentage to                         Percentage to
                                            2025            total assets      2024                total assets
    SCG International Corporation                                                                                   SCG International Corporation
                                                    -
      Co., Ltd.                                                     0.00%             20                0.00%                         Co., Ltd.
    PT SCG Pipe and                                                                                                            PT SCG Pipe and
       Precast Indonesia                          -                 0.00%           4                   0.00%              Precast Indonesia
                                             65,292                 7.52%      50,975                   5.62%


   b.     Piutang lain-lain                                                   b. Other receivables

          Piutang lain-lain dari pihak berelasi merupakan                            Other receivables from related parties represent
          klaim Entitas induk kepada para pemasok untuk                              the Company’s claim to suppliers for promotional
          program-program promosi kepada pelanggan                                   programs offered to customers and claim to
          dan beban-beban para pemasok yang                                          related parties for expenses that covered by the
          ditanggung terlebih dahulu oleh Entitas induk,                             Company, with details as follows:
          dengan rincian sebagai berikut:
                                                     Persentase                                   Persentase
                                                  terhadap jumlah                              terhadap jumlah
                                                 aset/ Percentage to                           aset/ Percentage
                                    2025             total assets             2024              to total assets

        PT Semen Jawa                   1,815                    0.21%                     -              0.00%                    PT Semen Jawa
        PT SCG Readymix                                                                                                          PT SCG Readymix
          Indonesia                        985                   0.11%                     -              0.00%                         Indonesia
        PT Catur Mitra Sejati                                                                                                  PT Catur Mitra Sejati
          Sentosa                           28                   0.01%                     -              0.00%                           Sentosa
        The Siam Cement                                                                                                           The Siam Cement
          Public Co., Ltd.                   5                   0.01%                 50                 0.01%                    Public Co., Ltd.
        PT SCG Lightweight                                                                                                     PT SCG Lightweight
        Concrete Indonesia                   1                   0.01%                     -              0.00%               Concrete Indonesia
        PT Keramika Indonesia                                                                                                          PT Keramika
          Assosiasi Tbk                      -                   0.00%           3,263                    0.36%           Indonesia Assosiasi Tbk
        Siam Sanitary Ware                                                                                                      Siam Sanitary Ware
          Industry Co., Ltd.                -                    0.00%              52                    0.01%                  Industry Co., Ltd.
                                        2,834                    0.35%           3,365                    0.38%


   c. Utang usaha dan utang lain-lain                                         c. Trade payable and other payables
        Rincian utang usaha dan utang lain-lain dari pihak                       The details of trade payables and other payables
        berelasi adalah sebagai berikut:                                         with the related parties are as follows:
                                                           Persentase                                  Persentase
                                                        terhadap jumlah                             terhadap jumlah
                                                             liabilitas/                                 liabilitas/
                                                         Percentage to                               Percentage to
                                     2025                 total liabilities     2024                  total liabilities
     PT Semen Jawa                      370,009                    38.63%            406,445                   40.98%              PT Semen Jawa
     PT SCG Readymix                                                                                                             PT SCG Readymix
      Indonesia                         227,820                    23.78%            225,555                   22.74%                  Indonesia




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                                PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                 PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

18. SIFAT, TRANSAKSI, DAN SALDO DENGAN                                  18. NATURE, TRANSACTIONS, AND BALANCES
    PIHAK BERELASI (Lanjutan)                                               WITH RELATED PARTIES (Continued)

   c. Utang usaha dan utang lain-lain (Lanjutan)                            c. Trade payable and other payables (Continued)

       Rincian utang usaha dan utang lain-lain dari                            The details of trade payables and other payables
       pihak berelasi adalah sebagai berikut:                                  with the related parties are as follows:
       (Lanjutan)                                                              (Continued)
                                                     Persentase                            Persentase
                                                       terhadap                              terhadap
                                                         jumlah                                jumlah
                                                       liabilitas/                           liabilitas/
                                                    Percentage to                         Percentage to
                                    2025            total liabilities      2024           total liabilities

                                                                                                                           PT Keramika
   PT Keramika                                                                                                    Indonesia Assosiasi
    Indonesia Assosiasi Tbk            128,697                13.44%          141,335                14.25%                        Tbk
   PT KIA Keramik Mas                   37,941                 3.96%           44,233                 4.46%        PT KIA Keramik Mas
                                                                                                                      PT SCG Pipe and
   PT SCG Pipe and Precast                 21,701               2.27%          21,970                  2.15%                   Precast
   PT SCG Lightweight                                                                                               PT SCG Lightweight
    Concrete Indonesia                     10,054               1.05%          14,111                  1.42%       Concrete Indonesia
                                                                                                                        SCG Distribution
   SCG Distribution Co., Ltd.               5,885               0.61%             5,504                0.55%                  Co., Ltd.
                                                                                                                         PT Surya Siam
   PT Surya Siam Keramik                    4,314               0.45%             4,314                0.43%                  Keramik
   PT SCG Indonesia                         3,887               0.41%             4,021                0.40%          PT SCG Indonesia
   Siam Cement Public                                                                                               Siam Cement Public
     Co., Ltd.                              2,421               0.25%             2,213                0.22%                  Co., Ltd.
   PT Catur Sentosa                                                                                                    PT Catur Sentosa
      Adiprana Tbk                          1,024               0.11%                 -                       -          Adiprana Tbk
   PT SCG Barito                                                                                                          PT SCG Barito
      Logistics                              860                0.09%              897                 0.09%                  Logistics
   SCG Decor Public                                                                                                   SCG Decor Public
     Company Limited                         760                0.08%              682                 0.07%         Company Limited
                                                                                                                             PT Berjaya
   PT Berjaya Nawaplastic                                                                                                  Nawaplastic
     Indonesia                               361                0.04%              244                 0.02%                 Indonesia
                                                                                                                         SCG Ceramics
   SCG Ceramics                                                                                                       Public Company
     Public Company Limited                  307                0.03%              730                 0.07%                    Limited
   PT Caturkarda Depo                                                                                               PT Caturkarda Depo
      Bangunan Tbk                           123                0.01%               19                 0.00%           Bangunan Tbk.
   IT One Co., Ltd.                           10                0.01%                8                 0.00%            IT One Co., Ltd.
   Siam Sanitary Ware                                                                                               Siam Sanitary Ware
      Industry Co., Ltd.                        -               0.00%              606                 0.06%         Industry Co., Ltd.
                                                                                                                     Prime Trading Co.,
   Prime Trading Co. Ltd.                       -               0.00%              237                 0.02%                       Ltd.
   PT Catur Mitra Sejati                                                                                           PT Catur Mitra Sejati
      Sentosa                                   -               0.00%             2,118                0.21%                   Sentosa
   SCG Legal Counsel                                                                                                SCG Legal Counsel
      Limited                                   -               0.00%               69                 0.01%                    Limited
   PT Indocorr Packaging                                                                                                    PT Indocorr
      Cikarang                               -                 0.00%                5                 0.00%       Packaging Cikarang
                                       816,174                85.22%          875,316                88.26%




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                           PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                            PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

18. SIFAT, TRANSAKSI, DAN SALDO DENGAN                               18. NATURE, TRANSACTIONS, AND BALANCES
    PIHAK BERELASI (Lanjutan)                                            WITH RELATED PARTIES (Continued)

  d. Penjualan                                                          d. Sales

      Rincian penjualan kepada pihak berelasi adalah                       The details of sales to related parties are as
      sebagai berikut:                                                     follows:

                                                                                          Persentase
                                                      Persentase                           terhadap
                                                   terhadap jumlah                          jumlah
                                                      penjualan/                          penjualan/
                                                    Percentage to                        Percentage to
                                  2025                total sales        2024             total sales

   PT Catur Mitra Sejati                                                                                    PT Catur Mitra Sejati
      Sentosa                        112,310               3.52%             58,062             1.85%                  Sentosa
   PT SCG Readymix                                                                                            PT SCG Readymix
     Indonesia                        48,983               1.53%             47,762             1.52%                Indonesia
   PT Caturkarda Depo                                                                                       PT Caturkarda Depo
     Bangunan Tbk                     44,742               1.40%             44,224             1.41%           Bangunan Tbk
   PT Megadepo Indonesia              33,081               1.04%             35,089             1.13%    PT Megadepo Indonesia
   PT Catur Sentosa Adiprana                                                                                   PT Catur Sentosa
     Tbk                                 5,872             0.18%                 3,145          0.10%            Adiprana Tbk
   PT Keramika Indonesia                                                                                  PT Keramika Indonesia
      Assosiasi Tbk                      1,896             0.06%                    22          0.00%            Assosiasi Tbk
   PT Siam-Indo Concrete                                                                                  PT Siam-Indo Concrete
   Products                                102             0.01%                     -          0.00%                   Products
   PT SCG Pipe and Precast                                                                                     PT SCG Pipe and
      Indonesia                              2             0.01%                     -          0.00%        Precast Indonesia

                                     246,988                7.75%            188,304             6.01%


  e. Pembelian dan jasa                                                 e. Purchases and services

      Rincian pembelian dan jasa dari pihak berelasi                       The details of purchases and services from
      adalah sebagai berikut:                                              related parties are as follows:
                                                      Persentase                          Persentase
                                                       terhadap                            terhadap
                                                        jumlah                              jumlah
                                                      pembelian/                          pembelian/
                                                      Percentage                         Percentage to
                                                        to total                              total
                                    2025              purchases           2024            purchases

   PT Semen Jawa                     1,159,334             39.62%         1,024,688            35.56%           PT Semen Jawa
   PT SCG Readymix                                                                                           PT SCG Readymix
     Indonesia                        730,193              24.96%           728,251           25.27%                 Indonesia
   PT Keramika Indonesia                                                                                 PT Keramika Indonesia
      Assosiasi Tbk                   477,951              16.34%           464,838           16.13%            Assosiasi Tbk
   PT KIA Keramik Mas                 127,766               4.37%           124,365            4.32%       PT KIA Keramik Mas
   PT SCG Pipe and                                                                                            PT SCG Pipe and
      Precast Indonesia                  83,946             2.87%           144,008             5.00%       Precast Indonesia
   PT SCG Lightweight                                                                                       PT SCG Lightweight
     Concrete Indonesia                  61,985             2.12%            77,857             2.70%      Concrete Indonesia
   PT SCG Indonesia                      14,264             0.49%            12,999             0.45%        PT SCG Indonesia
   PT Catur Sentosa Adiprana                                                                                  PT Catur Sentosa
      Tbk                                11,188             0.38%                    -          0.00%            Adiprana Tbk
   SCG Distribution                                                                                            SCG Distribution
      Co., Ltd.                            5,116            0.17%                4,006          0.14%                  Co., Ltd.
   SCG Ceramics Public Co.,                                                                                     SCG Ceramics
      Ltd.                                 4,554            0.16%                 689           0.02%          Public Co., Ltd.
   The Siam Cement Public,                                                                                    The Siam Cement
      Co., Ltd.                            3,393            0.12%                3,051          0.11%          Public, Co., Ltd.
   Siam Sanitary Ware                                                                                       Siam Sanitary Ware
      Industry, Co., Ltd.                  2,385            0.08%                2,880          0.10%        Industry, Co., Ltd.
   PT Berjaya Nawaplastic                                                                                PT Berjaya Nawaplastic
      Indonesia                            1,441            0.05%                1,517          0,05%               Indonesia
   Panel World Co., Ltd.                     715            0.02%                1,843          0.06%      Panel World Co., Ltd.




                                                                                                                                33
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                              PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                               PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

18. SIFAT, TRANSAKSI, DAN SALDO DENGAN                            18. NATURE, TRANSACTIONS, AND BALANCES
    PIHAK BERELASI (Lanjutan)                                         WITH RELATED PARTIES (Continued)
   e. Pembelian dan jasa (Lanjutan)                                  e. Purchases and services (Continued)

      Rincian pembelian dan jasa dari pihak berelasi                        The details of purchases and services from
      adalah sebagai berikut: (Lanjutan)                                    related parties are as follows: (Continued)
                                                   Persentase                          Persentase
                                                    terhadap                            terhadap
                                                     jumlah                              jumlah
                                                   pembelian/                          pembelian/
                                                  Percentage to                       Percentage to
                                                       total                               total
                                    2025           purchases          2024             purchases


   SCG Decor Public                                                                                        SCG Decor Public
      Company Limited                      603           0.02%                  650          0.02%         Company Limited.
   PT SCG Barito Logistics                 426           0.01%                4,190          0.15%    PT SCG Barito Logistics
   SCG Legal Counsel                                                                                      SCG Legal Counsel
       Limited                             304           0.01%                  161          0.01%                   Limited
   Innovate AI Co., Ltd.                   167           0.01%                    -          0.00%       Innovate AI Co., Ltd.
   IT One Co., Ltd.                        138           0.01%                    -          0.00%            IT One Co., Ltd.
   SCG Experience Co.,                                                                                   SCG Experience Co.,
       Ltd.                                 46           0.01%                    -          0.00%                       Ltd.
   Unify Smart Tech Joint                                                                              Unify Smart Tech Joint
   Stock Company                            27           0.01%                   27          0.00%             Stock Company
   PT SCG International                                                                                   PT SCG International
      Indonesia                               -          0.00%               12,580          0.44%                   Indonesia
   SCG International                                                                                         SCG International
      Corporation                            -          0.00%                 2,385          0.08%                 Corporation
   Prime Trading, Co., Ltd.                  -          0.00%                40,384          1.40%    Prime Trading, Co., Ltd.
                                     2,685,942         91.83%             2,651,369         92.01%

  f. Kompensasi manajemen kunci                                      f.     Key management compensation

      Manajemen kunci meliputi Dewan Komisaris dan                          Key   management      includes     Board         of
      Direksi.                                                              Commissioners and Board of Directors.
      Jumlah gaji yang diberikan kepada Direksi Entitas                     The amount of salary given to the Company’s
      Induk pada tahun-tahun yang berakhir pada                             Board of Directors for the years ended
      31 Desember 2025 dan 2024 masing-masing                               31 December 2025 and 2024 amounting to
      sebesar Rp 4.831 dan Rp 2.039. Pada tahun 2025                        Rp 4,831 and Rp 2,039, respectively. In 2025 and
      dan 2024, tunjangan kepada Dewan Komisaris                            2024, the benefit to the Board of Commissioners
      menjadi beban SCG Distribution Company                                become the cost of SCG Distribution Company
      Limited, Thailand, pemegang saham Entitas                             Limited, Thailand, shareholder of the Company.
      induk. Seluruh kompensasi yang diberikan kepada                       The entire compensation given to the Board of
      Dewan Komisaris dan Direksi merupakan imbalan                         Commissioners      and    Board    of   Directors
      kerja jangka pendek.                                                  represents short-term employees’ benefits.

  g. Sifat hubungan dan jenis transaksi yang signifikan             g. Nature of relationship and significant transactions with
     dengan pihak-pihak berelasi                                       related parties

      Rincian sifat hubungan dan jenis transaksi yang                     The details of nature of relationship and significant
      signifikan dengan pihak-pihak berelasi adalah                       transactions with related parties are as follows:
      sebagai berikut:

                 Pihak
            berelasi/Related
                parties               Sifat hubungan/Relationship                  Jenis Transaksi/Nature of transaction
        PT Keramika Indonesia    Entitas sepengendali/                     Penjualan barang dan Pembelian barang atau jasa/
         Assosiasi Tbk           Entities under common control             Sales of goods and Purchase of goods or service
        PT KIA Keramik Mas       Entitas sepengendali/                     Pembelian barang atau jasa/ Purchase of goods or
                                 Entities under common control               services
        PT SCG Lightweight       Entitas sepengendali/                     Pembelian barang atau jasa/ Purchase of goods or
         Concrete Indonesia      Entities under common control               service
        PT SCG Pipe and          Entitas sepengendali/                     Penjualan barang dan Pembelian barang atau jasa/
         Precast Indonesia       Entities under common control               Sales of goods and Purchase of goods or services



                                                                                                                             34
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                            PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                             PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

18. SIFAT, TRANSAKSI, DAN SALDO DENGAN                         18. NATURE, TRANSACTIONS, AND BALANCES
    PIHAK BERELASI (Lanjutan)                                      WITH RELATED PARTIES (Continued)
  g. Sifat hubungan dan jenis transaksi yang                        g. Nature of relationship and significant transactions
     signifikan dengan pihak-pihak berelasi                            with related parties (Continued)
     (Lanjutan)

       Pihak berelasi/Related
              parties                      Sifat hubungan/Relationship              Jenis Transaksi/Nature of transaction
      PT SCG Readymix             Entitas sepengendali/                    Penjualan barang dan Pembelian barang atau jasa/
       Indonesia                  Entities under common control            Sales of goods and Purchase of goods or service
      PT Semen Jawa               Entitas sepengendali/                    Pembelian barang atau jasa/
                                  Entities under common control            Purchase of goods or services
       Innovate AI Co., Ltd.      Entitas sepengendali/                    Pembelian barang atau jasa/
                                  Entities under common control            Purchase of goods or services
       SCG Experience Co.,        Entitas sepengendali/                    Pembelian barang atau jasa/
          Ltd                     Entities under common control            Purchase of goods or services
       SCG Ceramics Public        Entitas sepengendali/                    Pembelian barang atau jasa/
          Co., Ltd.               Entities under common control            Purchase of goods or services
       The Siam Cement Public     Entitas sepengendali/                    Pembelian barang atau jasa/
          Co.,Ltd.                Entities under common control            Purchase of goods or services
        Siam Sanitary Ware        Entitas sepengendali/                    Pembelian barang atau jasa/Purchase of goods or
         Industry Co., Ltd        Entities under common control            service
        PT Siam-Indo Concrete     Entitas sepengendali/                    Penjualan barang / Sales of goods
         Products                 Entities under common control
        Prime Trading Co., Ltd.   Entitas sepengendali/                    Pembelian barang atau jasa/
                                  Entities under common control            Purchase of goods or services
        Panel World Co., Ltd.     Entitas sepengendali/                    Pembelian barang atau jasa/
                                  Entities under common control            Purchase of goods or services
        PT SCG Barito             Entitas sepengendali/                    Pembelian barang atau jasa/
         Logistics                Entities under common control            Purchase of goods or services
        PT SCG International      Entitas sepengendali/                    Pembelian barang atau jasa/
         Indonesia                Entities under common control            Purchase of goods or services
        IT One Co., Ltd.          Entitas sepengendali/                    Pembelian jasa/ Purchase of services
                                  Entities under common control
        PT Catur Mitra Sejati     Entitas sepengendali/                    Penjualan barang/ Sales of goods
         Sentosa                  Entities under common control
        PT Caturkarda Depo        Entitas sepengendali/                    Penjualan barang/ Sales of goods
          Bangunan Tbk            Entities under common control
        Unify Smart Tech Joint    Entitas sepengendali/                    Pembelian barang atau jasa/
         Stock Company            Entities under common control            Purchase of goods or services
        PT Megadepo               Entitas sepengend ali/                   Penjualan barang / Sales of goods
         Indonesia                Entities under common control
        PT Catur Sentosa          Entitas sepengendali/                    Penjualan barang dan Pembelian barang atau jasa
         Adiprana Tbk             Entities under common control            /Sales of goods and Purchase of goods or services
        SCG Decor Public          Entitas sepengendali/                    Pembelian barang atau jasa/
         Company Limited          Entities under common control            Purchase of goods or services
        PT Berjaya Nawaplastic    Entitas sepengendali/                    Pembelian barang atau jasa/
         Indonesia                Entities under common control            Purchase of goods or services
        SCG Legal Counsel         Entitas sepengendali/                    Pembelian barang atau jasa/
         Limited                  Entities under common control            Purchase of goods or services
        SCG Distribution Co.,     Investasi dalam saham sebesar 90.62%     Pembelian barang atau jasa/
         Ltd.                     kepemilikan dan anggota dari kelompok    Purchase of goods or services
                                  usaha yang sama / Investment in shares
                                  with 90.62% ownership and member of
                                  the same group
        SCG                       Entitas sepengendali/                    Pembelian barang atau jasa/
         International            Entities under common control            Purchase of goods or services
         Corporation
        PT SCG Indonesia          Entitas sepengendali/                    Pembelian barang atau jasa/
                                  Entities under common control            Purchase of goods or services
        Komisaris/                Manajemen kunci/Key management           Kompensasi/Compensation
         Commissioner
        Direktur/Director         Manajemen kunci/Key management           Kompensasi/Compensation




                                                                                                                          35
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                           PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                            PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

19. MANAJEMEN KEUANGAN DAN MANAJEMEN                               19. FINANCIAL INSTRUMENTS AND FINANCIAL
    RISIKO KEUANGAN                                                    RISK MANAGEMENT

   Instrumen keuangan                                                   Financial instruments

   Aset keuangan terdiri dari:                                          Financial assets consist of:

   -   Diukur pada biaya perolehan di amortisasi: kas,                  -    Measured at amortized cost: cash, trade
       piutang usaha, piutang lain-lain dan uang                             receivables, other receivables and refundable
       jaminan.                                                              deposits.

   Liabilitas keuangan terdiri dari:                                    Financial liabilities consist of:

   -   Diukur pada biaya perolehan di amortisasi:                       -    Measured at amortized cost: trade payables,
       utang usaha, utang lain-lain, dan beban masih                         other payables, and accrued expense.
       harus dibayar.

   Sebagian besar aset dan liabilitas keuangan Grup                     Most of the Group’s financial assets and liabilities are
   diharapkan dapat direalisasi atau diselesaikan                       expected to be realized or settled in the near term.
   dalam waktu dekat. Oleh karena itu, nilai                            Therefore, their carrying amounts approximate their
   tercatatnya mendekati nilai wajarnya.                                fair values.

   Manajemen risiko keuangan                                            Financial risk management

   Risiko utama yang timbul dari instrumen keuangan                     The main risks arising from the Group’s financial
   Grup adalah risiko kredit, risiko likuiditas, dan risiko             instruments are credit risk, liquidity risk, and market
   pasar.                                                               risk.
   Risiko kredit                                                        Credit risk

   Risiko kredit adalah risiko kerugian keuangan bagi                   Credit risk is the risk of financial loss to the Group if
   Grup jika pelanggan atau pihak lawan instrumen                       a customer or counterparty to a financial instrument
   keuangan       gagal       memenuhi      kewajiban                   fail to meet its contractual obligations and arises
   kontraktualnya dan timbul terutama dari piutang                      principally from the Group’s receivable from
   Grup dari pelanggan. Grup meminimalkan eksposur                      customers. The Group minimizes its exposure to
   terhadap risiko kredit dari piutang usaha dengan                     credit risk of trade receivables by setting policies in
   memastikan bahwa penjualan produk dilakukan                          place to ensure that sales of products are made
   hanya kepada pelanggan yang layak mendapatkan                        only to creditworthy customers with proven track
   kredit dengan rekam jejak yang terbukti atau                         record or good credit history, setting credit limit for
   riwayat kredit yang baik, menetapkan batasan                         customers and monitor the exposure associated
   kredit yang dapat diterima untuk pelanggan dan                       with these restrictions.
   memantau eksposur terkait dengan batasan-
   batasan tersebut.

   Eksposur juga dibatasi lebih lanjut dengan                           The exposure is also further limited by mandating
   mewajibkan syarat pembayaran tidak lebih dari 30                     payment terms of no longer than 30 days and by
   hari dan dengan secara aktif melakukan penagihan                     actively enforcing collection from customers prior to
   dari pelanggan sebelum tanggal jatuh tempo.                          the due date.

   Jumlah tercatat aset keuangan mencerminkan                            The carrying amounts of financial assets represent
   eksposur kredit maksimumnya, sebagai berikut:                         the maximum credit exposure, as follows:



                                                       2025                   2024

    Bank                                                       51,957            70,214                           Cash in banks
    Piutang usaha                                             461,553           433,571                        Trade receivables
  ..Piutang lain-lain                                           2,834             3,365                       Other Receivables
    Uang Jaminan                                                1,562               740                     Refundable Deposits
                                                              517,906           507,890




                                                                                                                                   36
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                          PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                           PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)


19. MANAJEMEN       KEUANGAN        DAN                          19. FINANCIAL INSTRUMENTS AND FINANCIAL
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                             RISK MANAGEMENT (Continued)

   Manajemen risiko keuangan (Lanjutan)                              Financial risk management (Continued)

   Risiko kredit (Lanjutan)                                          Credit risk (Continued)

   Penurunan nilai                                                   Impairment

   Analisis kualitas kredit piutang usaha dirangkum                  An analysis of the credit quality of trade receivables
   sebagai berikut:                                                  is summarized below:

                                                Penurunan                             Penurunan
                              Bruto/               nilai/            Bruto/              nilai/
                              Gross             Impairment           Gross            Impairment
                              2025                 2025              2024                2024

   Belum jatuh                                                                                                    Not yet due
    tempo                      374,782                  (3)              335,244                   (24)
   Jatuh tempo:                                                                                                    Past due:
   1-30 hari                     77,216               (310)               82,845               (364)            1-30 days
   31-60 hari                     4,392               (257)                8,605               (259)           31-60 days
   61-90 hari                       234                (83)                  498                (71)           61-90 days
   Lebih dari 90                                                                                              More than 90
   hari                         48,934             (43,352)               47,378            (40,281)                 days
                               505,558             (44,005)              474,570            (40,999)

   Tabel berikut ini memberikan informasi mengenai                   The following table provides information about the
   eksposur risiko kredit dan kerugian kredit                        exposure to credit risk and expected credit loss for
   ekspektasian untuk piutang usaha pada tanggal 31                  trade receivables as at 31 December 2025 and 2024:
   Desember 2025 dan 2024:
                                             31 Desember 2025/ 31 December 2025
                                    Rata-rata
                               tertimbang tingkat
                                    kerugian/         Jumlah tercatat        Cadangan
                               Weighted average        bruto/ Gross        kerugian/Loss
                                    loss rate        carrying amount         allowance

   Belum jatuh tempo                   0.01%                  374,782)                       (3)                   Not yet due
   Jatuh tempo:                                                                                                      Past due:
   1-30 hari                            0.40%                  77,216)                  (310)                     1-30 days
   31-60 hari                           5.85%                   4,392)                  (257)                    31-60 days
   61-90 hari                          35.48%                     234)                   (83)                    61-90 days
   Lebih dari 90 hari                  88.59%                  48,934)               (43,352)             More than 90 days
                                                              505,558)               (44,005)

                                              31 Desember 2024/ 31 December 2024
                                    Rata-rata
                               tertimbang tingkat
                                    kerugian /         Jumlah tercatat        Cadangan
                               Weighted average         bruto/ Gross        kerugian/Loss
                                     loss rate        carrying amount         allowance

  Belum jatuh tempo                    0.01%                  335,244                       (24)                   Not yet due
  Jatuh tempo:                                                                                                       Past due:
     1-30 hari                         0.04%                   82,845                   (364)                     1-30 days
     31-60 hari                          3%                     8,605                   (259)                    31-60 days
     61-90 hari                         14%                       498                    (71)                    61-90 days
     Lebih dari 90 hari                 85%                    47,378                (40,281)             More than 90 days
                                                              474,570                (40,999)




                                                                                                                                 37
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                        PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                         PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
               NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

19. .MANAJEMEN KEUANGAN DAN MANAJEMEN                      19. FINANCIAL INSTRUMENTS AND FINANCIAL
     RISIKO KEUANGAN (Lanjutan)                                RISK MANAGEMENT (Continued)

   Risiko kredit (Lanjutan)                                     Credit risk (Continued)

   Penurunan nilai (Lanjutan)                                   Impairment (Continued)

   Manajemen mempertimbangkan infomasi yang                     Management considers reasonable and supportable
   rasional dan mendukung yang relevan dan tersedia             information that is relevant and available without
   tanpa mengeluarkan biaya atau upaya berlebihan.              undue cost or effort. This include both quantitative
   Informasi tersebut termasuk informasi dan analisa            and qualitative information and analysis, based on the
   informasi kuantitatif dan kualitatif, berdasarkan            Group’s historical experience and informed credit
   pengalaman Grup masa lalu dan penilaian kredit               assessment        and      including   forward-looking
   dan termasuk perkiraan masa depan. Berdasarkan               information. Based on evaluation at year end,
   penelaahannya pada akhir tahun, manajemen                    management believes that provision for impairment of
   berkeyakinan bahwa penyisihan penurunan nilai                trade receivables is sufficient.
   untuk piutang usaha telah memadai.

   Kas di bank                                                  Cash in banks

   Kas di bank Grup ditempatkan di bank yang                    The Group’s cash in banks are deposited at reputable
   bereputasi baik yang tunduk terhadap regulasi yang           banks that are subject to tight regulations, therefore,
   ketat, oleh sebab itu, eksposur kerugian adalah              the exposure to loss is minimized.
   minimal.

   Risiko likuiditas                                           Liquidity risk

   Risiko likuiditas adalah risiko dimana Grup akan            Liquidity risk is the risk that the Group will encounter
   menghadapi kesulitan dalam memenuhi kewajiban               difficulty in meeting the obligations associated with its
   sehubungan dengan liabilitas keuangannya yang               financial liabilities that are settled by delivering cash or
   diselesaikan dengan penyerahan kas atau aset                another financial assets.
   keuangan lainnya.

   Dalam pengelolaan risiko likuiditas, manajemen              In managing the liquidity risk, management monitors
   memantau dan menjaga jumlah kas yang dianggap               and maintains a level of cash deemed adequate to
   memadai untuk membiayai operasional Grup dan                finance the Group’s operations and to mitigate the
   untuk mengatasi dampak fluktuasi arus kas.                  effects of fluctuation in cash flows. Management also
   Manajemen juga melakukan evaluasi berkala atas              regularly evaluates the projected and actual cash
   proyeksi arus kas dan arus kas aktual, termasuk             flows, including payable and loan maturity profiles, and
   jadwal jatuh tempo pinjaman dan utang, dan terus-           continuously assesses conditions in the financial
   menerus melakukan penelaahan pasar keuangan                 markets for opportunities to obtain optimal funding
   untuk mendapatkan sumber pendanaan yang                     sources.
   optimal.




                                                                                                                       38
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                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)


19. .MANAJEMEN KEUANGAN DAN MANAJEMEN                                 19. FINANCIAL INSTRUMENTS AND FINANCIAL
     RISIKO KEUANGAN (Lanjutan)                                           RISK MANAGEMENT (Continued)
   Risiko likuiditas (Lanjutan)                                            Liquidity risk (Continued)

   Berikut adalah jatuh tempo kontraktual dari liabilitas                 The following are the contractual maturities of
   keuangan, termasuk estimasi pembayaran bunga:                          financial liabilities, including estimated interest
                                                                          payments:

                                                            Arus kas kontraktual/ Contractual cash flow
                                 Nilai tercatat/     Jumlah/           Kurang dari 1 tahun/      Lebih dari 1 tahun/
                                Carrying amount       Total              Less than 1 year         More than 1 year
   31 Desember 2025                                                                                                    31 December 2025
        Liabilitas                                                                                                            Liabilities
   Utang usaha                             861,222          861,222                 861,222                        -       Trade payables
   Utang lain-lain                          10,833           10,833                  10,833                        -       Other payables
   Beban masih harus dibayar                43,562           43,562                  43,562                        -    Accrued expenses
   Liabilitas sewa                           8,410            9,528                   6,151                    3,377       Lease liabilities
                                           924,027          925,145                 921,768                    3,377



                                                            Arus kas kontraktual/ Contractual cash flow
                                 Nilai tercatat/     Jumlah/           Kurang dari 1 tahun/      Lebih dari 1 tahun/
                                Carrying amount       Total              Less than 1 year         More than 1 year
   31 Desember 2024                                                                                                    31 December 2024
        Liabilitas                                                                                                            Liabilities
   Utang usaha                             897,079          897,079                 897,079                        -       Trade payables
   Utang lain-lain                          10,065           10,065                  10,065                        -       Other payables
   Beban masih harus dibayar                40,592           40,592                  40,592                        -    Accrued expenses
   Liabilitas sewa                          12,642           13,877                   6,664                    7,213       Lease liabilities
                                           960,378          961,613                 954,400                    7,213


  Pada tanggal 31 Desember 2025, Grup mempunyai                           As of 31 December 2025, The Group has negative
  defisit modal kerja sebesar Rp 158.196 dimana hal ini                   working capital of Rp 158,196 was mainly come from
  sebagian besar disebabkan oleh utang usaha dan                          trade and other payable from related parties amounted
  utang lain-lain dari pihak berelasi sebesar Rp 816.174.                 to Rp 816,174. The condition were partially alleviated
  Kondisi ini diperingan sebagian dengan adanya                           by the un-used bank loan facilities from PT Bank
  fasilitas pinjaman yang belum digunakan dari PT Bank                    HSBC Indonesia of USD 10,250,000. The Group have
  HSBC Indonesia sebesar USD 10.250.000. Grup                             plan to address this situation through expanding
  memiliki rencana dalam menghadapi situasi tersebut                      market for sanitary ware product, improving of sales
  dengan memperluas pangsa pasar untuk produk                             volume for ceramic product, and also maintaining
  sanitasi, meningkatkan volume penjualan untuk                           competitive prices in existing cement and clincker
  produk keramik, serta menjaga harga kompetitif pada                     product.
  produk semen dan bebatuan.


   Risiko pasar                                                           Market risk

   Risiko pasar adalah risiko bahwa perubahan nilai                       Market risk is the risk that changes in foreign
   tukar mata uang asing akan mempengaruhi                                exchange rates will affect the Group’s income or the
   pendapatan Grup atau nilai instrumen keuangannya.                      value of its financial instruments. The objective of
   Tujuan dari manajemen risiko pasar adalah untuk                        market risk management is to maintain market risk
   menjaga eksposur risiko pasar dalam parameter yang                     exposures within acceptable parameters, while
   dapat    diterima,    sekaligus    mengoptimalkan                      optimizing the return.
   pengembalian.

   Risiko mata uang                                                       Currency risk

  Utang dari pembelian persediaan dari pemasok di luar                    Accounts payable arising from purchases of
  negeri mengekspos Grup terhadap fluktuasi kurs                          inventories from overseas suppliers expose the Group
  valuta asing, dari mata uang selain mata uang                           to fluctuating foreign exchange rates, from the
  fungsional Grup, terutama Dolar Amerika Serikat                         currencies other than the Group’s functional currency,
  (Dolar AS), Yuan Tiongkok dan Baht Thailand. Grup                       primarily the US Dollar, Chinese Yuan and Thailand
  mengelola risiko ini dengan membeli atau menjual                        Baht.The Group manages this risk by buying or selling
  mata uang asing pada saat tertentu, bila diperlukan.                    foreign currencies at spot rates, when necessary.




                                                                                                                                        39
Page 262
                               PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                                PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

19. .MANAJEMEN KEUANGAN DAN MANAJEMEN                                        19. FINANCIAL INSTRUMENTS AND FINANCIAL
     RISIKO KEUANGAN (Lanjutan)                                                  RISK MANAGEMENT (Continued)

   Risiko mata uang (Lanjutan)                                                        Currency risk (Continued)

   Eksposur net risiko mata uang asing Grup adalah                                    The Group’s net exposure currency risk is as follows:
   sebagai berikut:
                                                        2025                                             2024
                                                                          Jumlah                                      Jumlah
                                                                         ekuivalen                                   ekuivalen
                                                                          Rupiah/                                     Rupiah/
                                                                          Rupiah            Mata uang asing/          Rupiah
                                 Mata uang asing/ Foreign currency       equivalent          Foreign currency        equivalent
                               USD*        CNY*             THB*                          USD*         THB*
   Aset                                                                                                                                         Asset
   Bank                         1,642              -)               -)           28)      12,331)               -)        199)                   Bank
   Piutang lain-lain                -              -)          14,819)            7)           -)               -)          -)    Other Receivables
   Liabilitas                                                                                                                              Liabilities
   Utang usaha                  (220)    (4,027,093)        (715,977)       (10,052)     (14,681)    (2,839,657)        (1,589)      Trade payables
   Utang lain-lain                 -)              -)    (17,061,416)        (9,087)           -)   (17,719,718)        (8,434)       Other payables
                                                                                                                                  Monetary assets/
   Aset/(liabilitas) moneter                                                                                                        (liabilities) –
                                1,422    (4,027,093)     (17,762,574)       (19,104)      (2,350)   (20,559,375)        (9,824)
      neto                                                                                                                                     net

   *Dalam nilai penuh                                                                                                             *in full amount

   Pada tanggal pelaporan, saldo aset dan liabilitas                                   At reporting dates, balances of monetary assets and
   moneter dalam mata uang asing dijabarkan dalam                                      liabilities denominated in foreign currencies are
   Rupiah dengan menggunakan kurs yang berlaku                                         translated into Rupiah using the prevailing exchange
   sebagai berikut: Rp 16.782/USD, Rp 533/THB, Rp                                      rates, which were Rp 16,782/USD, Rp 533/THB, Rp
   2.401/CNY (2024: Rp 16.162/USD dan Rp 476/THB).                                     2,401/CNY       (2024:   Rp     16,162/USD,      and
                                                                                       Rp 476/THB).

   Menguat/melemahnya Rupiah terhadap Dolar Amerika                                    A strengthening/weakening of the Rupiah against the
   Serikat, Thailand Baht, dan Yuan Tiongkok sebesar                                   the United States Dollar, Thailand Baht, and Chinese
   10% pada tanggal pelaporan tidak memiliki dampak                                    Yuan by 10% at reporting dates would not have
   signifikan terhadap ekuitas dan laba atau rugi setelah                              significant impact to equity and profit or loss after
   pajak penghasilan. Analisis ini didasarkan pada varian                              income tax. This analysis is based on United States
   kurs Dolar Amerika Serikat, Thailand Baht, dan Yuan                                 Dollar, Thailand Baht, and Chinese Yuan rate
   Tiongkok yang dianggap cukup mungkin oleh Grup                                      variances that management considers as being
   pada tanggal pelaporan. Analisis ini mengasumsikan                                  reasonably possible at the reporting date. The
   bahwa semua variabel lain, terutama suku bunga,                                     analysis assumes that all other variables, in particular
   tetap konstan dan mengabaikan dampak dari                                           interest rates, remain constant and ignores any
   prakiraan penjualan dan pembelian.                                                  impact of forecasted sales and purchases.

   Manajemen risiko modal                                                              Capital risk management

   Tujuan utama pengelolaan modal Entitas Induk adalah                                 The primary objective of the Company’s capital
   untuk memastikan pemeliharaan peringkat kredit yang                                 management is to ensure that healthy capital ratios
   tinggi dan rasio modal yang sehat untuk mendukung                                   are maintained in order to support its business and
   usaha dan memaksimalkan imbal hasil bagi                                            maximize the return for shareholders.
   pemegang saham.

   Entitas induk mengelola struktur permodalan dan                                     The Company manages its capital structure and
   melakukan penyesuaian, berdasarkan perubahan                                        makes adjustments to it, in light of changes in
   kondisi    ekonomi.    Untuk    memelihara  dan                                     economic conditions. To maintain or adjust the
   menyesuaikan struktur permodalan.                                                   capital structure.

   Kebijakan Entitas Induk adalah untuk menjaga rasio                                  The Company’s policy is to maintain a healthy capital
   modal yang sehat dalam rangka untuk mengamankan                                     structure in order to secure access to finance at a
   pembiayaan pada biaya yang wajar.                                                   reasonable cost.




                                                                                                                                                   40
Page 263
                             PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                              PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

19. .MANAJEMEN KEUANGAN DAN MANAJEMEN                                19. FINANCIAL INSTRUMENTS AND FINANCIAL
     RISIKO KEUANGAN (Lanjutan)                                          RISK MANAGEMENT (Continued)
    Manajemen risiko modal (Lanjutan)                                    Capital risk management (Continued)

    Sebagaimana praktik yang berlaku umum, Entitas                       As generally accepted practice, the Company
    Induk mengevaluasi struktur permodalan melalui                       evaluates its capital structure through debt-to-equity
    rasio utang terhadap modal (gearing ratio) yang                      ratio (gearing ratio), which is calculated as net debt
    dihitung melalui pembagian antara utang bersih                       divided by total capital. Net debt is total liabilities as
    dengan modal. Utang bersih adalah jumlah liabilitas                  presented in the consolidated statement of financial
    sebagaimana disajikan di dalam laporan posisi                        position less cash. Whereas, total capital is all
    keuangan konsolidasian dikurangi dengan jumlah                       components of equity in the consolidated statement
    kas. Sedangkan modal meliputi seluruh komponen                       of financial position. As of 31 December 2025 and
    ekuitas    dalam   laporan     posisi  keuangan                      2024, the ratio calculations are as follow:
    konsolidasian. Pada tanggal-tanggal 31 Desember
    2025 dan 2024, perhitungan rasio tersebut adalah
    sebagai berikut:

                                                   2025                     2024

   Jumlah liabilitas                                      957,919)              991,798)                                Total liabilities
   Dikurangi kas                                          (52,025)              (70,353)                                    Less cash
   Utang bersih                                           905,894)              921,445)                                      Net debt
   Jumlah ekuitas                                         (89,808)              (86,139)                                  Total equity
   Rasio utang terhadap modal                              (10.09)               (10.70)                          Debt-to-equity ratio


20. INFORMASI SEGMEN                                                 20. SEGMENT INFORMATION
  Informasi segmen berikut ini dilaporkan berdasarkan                    The following segment information is reported based
  informasi yang digunakan oleh manajemen untuk                          on the information used by management to evaluate
  mengevaluasi kinerja setiap segmen dan menentukan                      the performance of each segment and determine the
  alokasi sumber daya.                                                   allocation of resources.
                                                          Luar Jawa/ Outside    Konsolidasian/
   2025                           Jawa/Java                      Java            Consolidated                                      2025

  Penjualan neto                           2,879,075)                315,608)          3,194,683)                             Net sales

  Laba bruto                                  209,152)                52,746)              261,898)                         Gross profit
  Beban penjualan yang                                                                                    Selling expenses that can be
    dapat dialokasikan                         (84,949)              (35,384)           (120,333)                            allocated
  Beban umum dan
    administrasi yang                                                                                     General and administrative
    dapat dialokasi                           (115,127)               (1,199)           (116,326)      expenses that can be allocated
  Beban umum dan                                                                                          General and administrative
    administrasi yang                                                                                       expenses that can not be
    tidak dapat dialokasi                                                                  (36,606)                         allocated
  Laba penjualan aset
    tetap                                                                                   10,120          Gain on sale of fixed asset
  Rugi penurunan nilai                                                                                       Impairment loss on trade
    piutang usaha                               (3,160)                    -)               (3,160)                        receivables
  Beban administrasi
    bank                                                                                    (1,249)     Bank administration expenses
  Beban bunga                                                                               (1,188)                   Interest expense
  Pendapatan bunga                                                                             299                      Interest income
  Rugi selisih kurs – neto                                                                  (4,696)   Loss on foreign exchanges – Net
  Pendapatan lain-lain                                                                       5,318)                       Other income
  Rugi sebelum pajak                                                                        (5,923)                     Loss before tax
  Manfaat pajak
    penghasilan                                                                               625)                  Income tax benefit

  Rugi                                                                                      (5,298)                                Loss

  Aset segmen                                 777,570)                90,541)              868,111)                    Segment assets

  Liabilitas segmen                           940,392)                17,527)              957,919)                 Segment liabilities
  Informasi lain:                                                                                                    Other information:

  Pengeluaran modal                               159)                      -                 159)                 Capital expenditure

  Penyusutan                                     6,377)                    4)                6,381)                        Depreciation


                                                                                                                                     41
Page 264
                             PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                              PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

20. INFORMASI SEGMEN (Lanjutan)                              20. SEGMENT INFORMATION (Continued)


                                                           Luar Jawa/         Konsolidasian/
   2024                           Jawa/Java               Outside Java         Consolidated                               2024

   Penjualan neto                          2,856,040)           278,603)           3,134,643)                         Net sales

   Laba bruto                                 193,113)           37,004)             230,117)                      Gross profit
   Beban penjualan yang                                                                            Selling expenses that can be
     dapat dialokasikan                        (86,195)         (24,796)            (110,991)                        allocated
   Beban umum dan                                                                                    General and administrative
     administrasi yang                                                                                   expenses that can be
     dapat dialokasi                          (112,574)          (1,024)            (113,598)                     allocated
   Beban umum dan                                                                                   General and administrative
     administrasi yang                                                                              expenses that can not be
     tidak dapat dialokasi                                                           (38,729)                     allocated
   Rugi penurunan nilai                                                                                Impairment loss on trade
     piutang usaha                              (5,390)                  -)           (5,390)                       receivables
   Beban administrasi
     bank                                                                -)           (1,393)     Bank administration expenses
   Beban bunga                                                           -)           (1,202)                 Interest expense

   Pendapatan bunga                                                      -)             346)                    Interest income
   Rugi selisih kurs –                                                                             Loss on foreign exchanges –
     neto                                                                -)              330)                              net
   Pendapatan lain-lain                                                                6,623)                    Other income

   Rugi sebelum pajak                                                                (33,887)                   Loss before tax
   Beban pajak
     penghasilan                                                                      (1,623)              Income tax expense

   Rugi                                                                              (35,510)                              Loss

   Aset segmen                                 836,696            68,963             905,659)                  Segment assets

   Liabilitas segmen                           985,473             6,325             991,798)                Segment liabilities
   Informasi lain:                                                                                           Other information:

   Pengeluaran modal                               693                    -             693)                Capital expenditure

   Penyusutan                                    7,722                   4             7,726)                     Depreciation


21. PERJANJIAN   DAN   IKATAN   SIGNIFIKAN                       21. SIGNIFICANT    AGREEMENTS        AND
    DENGAN PIHAK-PIHAK BERELASI                                      COMMITMENTS WITH RELATED PARTIES

   Pada tanggal 1 Januari 2017, Entitas induk                            On 1 January 2017, the Company held a cooperation
   mengadakan perjanjian kerjasama distribusi produk                     agreement for distribution of tile and ceramic
   keramik dan genteng dengan PT Keramika Indonesia                      products with PT Keramika Indonesia Assosiasi Tbk
   Assosiasi Tbk (“KIA”) dan PT KIA Keramik Mas                          (“KIA”) and PT KIA Keramik Mas (“KKM”), that
   (“KKM”), yang berlaku selama 3 tahun sejak                            effective for 3 years since agreement was signed. On
   ditandatangani perjanjian. Pada tanggal 1 Januari                     1 January 2020, the Company along with KIA and
   2020, Entitas induk bersama-sama dengan KIA dan                       KKM, agreed to extend this agreement until
   KKM setuju untuk memperpanjang perjanjian sampai                      31 December 2022. On 1 January 2023, the
   31 Desember 2022. Pada tanggal 1 Januari 2023,                        Company along with KIA and KKM, agreed to extend
   Entitas induk bersama-sama dengan KIA dan KKM,                        this agreement until 31 December 2025. On 8
   setuju untuk memperpanjang perjanjian sampai                          December 2025, the Company along with KIA and
   31 Desember 2025. Pada tanggal 8 Desember 2025,                       KKM, agreed to extend this agreement from 1
   Entitas induk bersama-sama dengan KIA dan KKM,                        January 2026 until 31 December 2028.
   setuju untuk memperpanjang perjanjian dari 1 Januari
   2026 sampai 31 Desember 2028.




                                                                                                                              42
Page 265
                          PT KOKOH INTI AREBAMA Tbk DAN ENTITAS ANAK/
                           PT KOKOH INTI AREBAMA Tbk AND SUBSIDIARY
                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)/
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/ In millions of Rupiah, unless otherwise specified)

21. PERJANJIAN   DAN   IKATAN    SIGNIFIKAN                  21. SIGNIFICANT            AGREEMENTS               AND
    DENGAN PIHAK-PIHAK BERELASI (Lanjutan)                       COMMITMENTS          WITH RELATED            PARTIES
                                                                 (Continued)

   Pada tanggal 1 Januari 2017, Entitas induk                     On 1 January 2017, the Company held a cooperation
   mengadakan perjanjian kerjasama distribusi produk              agreement for distribution of cement and lightweight
   semen dan beton ringan dengan PT Semen Jawa                    concrete products with PT Semen Jawa (“SJW”), and
   (“SJW”), dan PT SCG Lightweight Concrete Indonesia             PT SCG Lightweight Concrete Indonesia (“SLCI”),
   (“SLCI”), yang berlaku selama 3 tahun sejak                    that effective for 3 years since agreement was
   ditandatangani perjanjian. Pada 1 Januari 2020,                signed. On 1 January 2020, the Company along with
   Entitas induk bersama-sama dengan SJW dan SLCI                 SJW and SLCI agreed to extend this agreement until
   setuju untuk memperpanjang perjanjian sampai                   31 December 2022. On 1 January 2023, the
   31 Desember 2022. Pada 1 Januari 2023, Entitas                 Company along with SJW and SLCI agreed to
   induk bersama-sama dengan SJW dan SLCI setuju                  extending         this        agreement         until
   untuk      memperpanjang     perjanjian      sampai            31 December 2025. On 24 November 2025, the
   31 Desember 2025. Pada tanggal 24 November 2025,               Company along with SJW and SLCI, agreed to
   Entitas induk bersama-sama dengan SJW dan SLCI,                extend this agreement from 1 January 2026 until 31
   setuju untuk memperpanjang perjanjian dari 1 Januari           December 2028.
   2026 sampai 31 Desember 2028.

   Pada tanggal 1 September 2020, Entitas induk                   On 1 September 2020, the Company held a
   mengadakan perjanjian kerjasama distribusi produk              cooperation agreement for distribution of readymix
   readymix concrete dengan PT SCG Readymix                       concrete with PT SCG Readymix Indonesia (“SRMI”),
   Indonesia (“SRMI”), yang berlaku selama 3 tahun                that effective for 3 years since agreement was
   sejak ditandatangani perjanjian. Pada 1 Januari 2023,          signed. On 1 January 2023, the Company along with
   Entitas induk bersama-sama dengan SRMI setuju                  SRMI agreed to extending this agreement until 31
   untuk      memperpanjang        perjanjian   sampai            December 2025. On 24 November 2025, the
   31 Desember 2025. Pada tanggal 24 November                     Company along with SRMI, agreed to extend this
   2025, Entitas induk bersama-sama dengan SRMI,                  agreement from 1 January 2026 until 31 December
   setuju untuk memperpanjang perjanjian dari 1 Januari           2028.
   2026 sampai 31 Desember 2028.

   Pada tanggal 1 Januari 2023, Entitas induk                     On 1 January 2023, the Company held a cooperation
   mengadakan perjanjian kerjasama distribusi produk              agreement for distribution of precast concrete with PT
   precast concrete dengan PT SCG Pipe and Precast                SCG Pipe and Precast Indonesia (“SPPI”), that
   Indonesia (“SPPI”), yang berlaku selama 3 tahun                effective for 3 years since agreement was signed. On
   sejak ditandatangani perjanjian. Pada tanggal 24               24 November 2025, the Company along with SPPI,
   November 2025, Entitas induk bersama-sama dengan               agreed to extend this agreement from 1 January
   SPP1, setuju untuk memperpanjang perjanjian dari 1             2026 until 31 December 2026.
   Januari 2026 sampai 31 Desember 2026.




                                                                                                                     43
Page 266
 Siddharta Widjaja & Rekan
 Registered Public Accountants
  35 th Floor Jakarta Mori Towe r
  40-41, JI. Jend. Sudirman
  Jakarta 1021 0
  Indonesia
  +62 (21) 574 2333 / 574 2888



 Laporan A uditor lndep enden                                                                                                               Independent Auditors' Report

 No.: 00098/2. 1005/AU. 1/05/1223 -4/1 /lll/2026                                                                        No.· 00098/2.1005/A U 1105/ 1223-4/ 1/JJI/2026

 Para Pemegang Saham,                                                                                                                          The Shareholders,
 Dewan Ko misari s dan D ireks i                                                                                    Board of Commissioners and Board of Directors
 PT Kokoh Inti Arebama T bk:                                                                                                         PT Kokoh inti Arebama Tbk:


 Opini                                                                                           Opinion
 Kam i telah mengaudi t laporan keuangan konso lidasian                                           We have audited the consolidated financial statements of
 PT Kokoh Inti Arebama T bk dan entitas anaknya ("Gru p"),                                       PT Kokoh inti Arebama Tbk and its subsidiary
 yang terdiri dari laporan posisi keuangan ko nso lidas ian                                      ("the Group "), which comprise the consolidated statement of
 tanggal 3 1 Desember 2025 , serta lapo ran laba rugi dan                                        financia l position as of 31 December 2025, the consolidated
 penghas ilan ko mprehens if lain konso lidas ian, laporan                                       statements ofprofit or loss and other comprehensive income,
 perubahan ekuitas ko nsolidas ian, dan laporan arus kas                                         changes in equity, and cash flows for the year then ended,
 konso lidasian un tuk tah un yang berakhi r pada tangga l                                       and notes to the consolidated financial statements,
 tersebut, serta catatan atas laporan keuangan ko nsolidas ian,                                  comprising material accounting policies and other
 yang terdi ri dari informasi kebijakan akuntans i material dan                                  explanatory information.
 info rmas i penj elasan lainnya.

 Menurut opini kami, laporan keuangan ko nso li das ian                                          In our opinion, the accompanying consolidated financial
 terl ampir menyajikan secara waj ar, dalam semu a ha! yang                                      statements present fairly, in all material respects, the
 materi al, posisi keuangan ko nso lidas ian Grup tanggal                                        consolidated financial position of the Group as of
 3 I Desember 2025 , serta kinerj a keuangan ko nso lidas ian dan                                31 December 2025, and its consolidated financial
 aru s kas ko nso lidas iannya un tuk tahun yang berakhi r pada                                  performance and its consolidated cash flows for the year
 tanggal tersebut, sesua i dengan Standar Akun tans i Keuangan                                   then ended in accordance with Indonesian Financial
 Indonesia.                                                                                      Accounting Standards.

 Basis Opini                                                                                     Basis f or Opinion
 Kam i me laksanakan aud it kam i berdasar kan Standar Audit                                     We conducted our audit in accordance with Standards on
 yang d itetapkan o leh Institu t Aku ntan Publi k Indo nesia.                                   Auditing established by the Indonesian Institute of Certified
 Tanggung jawab kam i menu rut standar terseb ut diu raikan                                      Public Accountants. Our responsibilities under those
 lebi h lanj ut dalam paragrafTanggung Jawab Auditor                                             standards are fi1rther described in the Auditors '
 terhadap Au di t atas Laporan Keuangan Kon so lidasian pada                                     Responsibilities for the Audit of the Consolidated Financial
 laporan kami. Kam i independen terhadap Grup berdasarkan                                        Statements section of our report. We are independent of the
 ketentuan etika yang relevan dalam aud it kami atas laporan                                     Group in accordance with the ethical requirements that are
 keuangan kon solidasian d i Indonesia, dan kami te lah                                          relevant to our audit a/the consolidated financial statements
 memenu hi tanggung jawab etika lainnya berdasarkan                                              in Indonesia, and we have fulfilled our other ethical
 ketentuan tersebut. Kami yak in bahwa bukti aud it yang te lah                                  responsibilities in accordance with these requirements.
 kami pero leh adalah cukup dan tepat untuk menyediakan                                          We believe that the audit evidence we have obtained is
 suatu basis bagi op ini audit kami.                                                             sufficie nt and appropriate to provide a basis fo r our opinion.

  Hal Audit Utama                                                                                Key Audit Matters
  Hal audit utama adalah hal-hal yang, menurut pertimban gan                                      Key audit matters are those matters that, in our professional
  profesional kam i, merupakan hal yang pali ng signi fikan                                      judgment, were of most significance in our audit a/the
  dalam aud it kami atas laporan keuangan kon solidasian                                         consolidated financial statements of the current period. These
  periode kini. J-lal-hal tersebut disampaikan dalam ko nteks                                    matters were addressed in the context of our audit of the
  audit kami atas laporan keuangan kon so lidas ian secara                                       consolidated financial statements as a whole, and in forming
  keseluruhan, dan dalam merumuskan op ini kam i atas laporan                                     our opinion thereon, and we do not provide a separate
  keuangan konso lidas ian terkait, kami tidak menyatakan suatu                                   opinion on these matters.
  opini terpisah atas hal audit utama tersebut.



Siddharta Wid1a1a & Rekan • Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG global organ1zat1on of
independent member firms affiliated with KPMG International L1m1ted, a pnvate English company hm1ted by guarantee                               License No . . 916/KM .1/2014
Page 267
Pengakuan Pendapatan                                             Revenue Recognition
Li hat Catatan I 3 atas laporan keuangan kon so lidasian dan     Refer to note 13 to the consolidated financ ial statements and
keb ijakan akuntan si 3c pada halaman 14.                        the accounting policy 3c on page l 4.
Pendapatan merupakan ukuran penting yang di gun akan untuk       Revenue is an important measure used to evaluate the
mengevaluas i kinerj a Grup. Hal ini dicatat ketika              performance of the Group. ft is accounted fo r when control of
pengendalian atas barang dialihkan kepada pelanggan pada         the goods is transferred to the customer at point in time, at an
waktu tertentu, pada suatu jumlah yan g mencerminkan             amount that reflects the consideration to which the Group
imbalan yang dih arapkan menj adi hak Grup dalam pertukaran      expects to be entitled in exchange for those goods. While the
untuk barang tersebut. Meskipun pengakuan dan pengukuran         Group's revenue recognition and measurement are not
pendapatan Grup tidak rumit, pendapatan mungkin dapat            complex, revenue may be inappropriately recognized as a
di akui secara tidak tepat sebagai ak ibat dari tekanan untuk    result ofpressure to achieve performance target.
mencapai target kinerja.

Prosedur audit kami dal am merespo n pengakuan pend apatan       Our audit procedures to address revenue recognition
termasuk antara lain :                                           included the follow ing:

•   menginspeksi perjanjian pendukung, untuk memahami            •    inspected the underlying agreement, to understand the
    ketentuan-ketentuan yang berlaku dan mengevaluasi                 terms and evaluate the appropriateness of revenue
    ketepatan pengakuan pendapatan, pengukuran dan                    recognition, measurement, and presentation in
    penyajian sesuai dengan standar akuntansi yang berlaku;           accordance with the relevant accounting standard;

•   mengevaluas i desain, implementasi, dan efektivitas          •    evaluated the design, implementation and operating
    operasional dari pengendalian internal utama atas                 effectiveness of the key internal controls which over the
    pengakuan dan pengukuran pendapatan ;                             recognition and measurement of revenue;

•   meng inspeksi, berdasarkan uji petik, transaksi              •    inspected, on a sample basis, revenue transactions
    pendapatan yang tercatat selama tahun berjalan dengan             recorded during the year with the relevant underlying
    dokumentasi pendukung terkait untuk menil ai apakah               documentation to ascertain that revenue recognition
    kriteria pendapatan tersebut te lah terpenuhi ;                   criteria is met;

•   menginspeksi, berdasarkan uji petik, transaksi               •    inspected, on a sample basis, specific revenue
    pendapatan spesifi k yang tercatat sebelum dan ses udah           transactions recorded before and afler the financial year
    tutup buku dengan dokumen pendukung terkait untuk                 end date with the relevant underlying documentation to
    menentukan apakah pendapatan tersebut telah diakui                determine whether the re lated revenue had been
    pada periode keuangan yang tepat;                                 recognized in the appropriate financial year;

•   menginspeksi buku besar pendapatan setelah tahun             •    inspected the sales ledger subsequent to the financia l
    pelaporan dan melakukan wawancara dengan                          year and making enquiries of management to identify if
    manajemen untuk meng identifikasi bilamana terd apat              any significant credit notes had been issued or sales
    nota kredit signifikan yang diterbitkan atau retur                returns had occurred, and inspecting relevant
    penjualan signifikan, dan menginspeksi dokumen                    underlying documentation where necessary for the
    pendukung terkait sebagaimana dibutuhkan untuk
                                                                      purpose of assessing if the related revenue had been
    menilai apakah pendapatan te lah di akui pada periode
                                                                      accounted fo r in the appropriate financia l year in
    pelapo ran yang tepat ses uai standar akuntan si yang
    berl aku; dan mengevaluas i jurnal yang dicatat ke                accordance with the requirements of the prevailing
    pend apatan untuk meng identifikasi item yang tid ak biasa        accounting standards; and evaluated journal entries
    atau tidak teratur dan mempero leh dokumentasi                    recorded to revenue to identify unusual or irregular
    pend ukungnya.                                                    items and obtained underlying documentation.

lnformasi Lain                                                   Other Information
Manajemen bertanggung j awab atas informas i lain . Informas i   Management is responsible for the other information. The
lain terdi ri dari informasi yang tercantum dalam laporan        other information comprises the information included in
tahun an, tetap i tidak termasuk laporan keuangan                annual report, but does not include the consolidated financial
konso lidasian dan laporan auditor kam i. Laporan tahunan        statements and our auditors ' report thereon. The annual
diharapkan akan tersedia bagi kami setelah tanggal lapo ran      report is expected to be made available to us afler the date of
auditor ini .                                                    this auditors' report.

Opi ni kam i atas laporan keuangan kon so lidas ian tidak        Our opinion on the consolidated financial statements does
mencakup informasi lain, dan o leh karena itu, kan1i tidak       not cover the other information and we do not express any
menyatakan bentuk keyakinan apapun atas in fo rmas i lain        form of assurance conclusion thereon.
tersebut.
Page 268
Sehubungan dengan audit kami atas laporan keuangan                  In connection with our audit of the consolidated financial
kon solidasian, tanggung jawab kami adalah untuk membaca            statements, our responsibility is to read the other information
in formasi lain yang teridentifikas i di atas, jika tersedia dan,   identified above when it becomes available and, in doing so,
dalam mel aksanakannya, mempertimbangkan apakah                     consider whether the other information is materially
in formasi lain mengandung ketidakkonsistensian material            inconsistent with the consolidated financ ial statements or our
dengan lapo ran keuangan kon so lidas ian atau pemahaman            knowledge obtained in the audit or othen vise appears to be
yang kami peroleh selama aud it, atau mengandung kesalahan          materially misstated.
penyajian material.

Ketika kam i membaca laporan tahun an, jika kam i                   When we read the annual report, if we conclude that there is
menyimpulkan bahwa terd apat suatu kesa lahan penyajian             a material misstatement therein, we are required to
materi al di da lamnya, kam i dih aruskan untuk                     communicate the matter to those charged with governance
mengo munikasikan hal terseb ut kepada pihak yang                   and take appropriate actions based on the applicable laws
bertanggun g j awab atas tata ke lo la dan melakukan tind akan      and regulations.
yang tepat berdasarkan peraturan perundang-undangan yang
berlaku.

Ta11ggung Jawab Manajemen da11 Pi/wk yang Bertanggung               Responsibilities of Ma11agement and Those Charged with
Jawab atas Tata Keio/a terhadap Laporan Keuangan                    Govema11cefor the Consolidated Financial Statements
Konsolidasian
Manajemen bertanggung j awab atas pen yusunan dan                   Management is responsible for the preparation and fair
penyaj ian wajar laporan keuangan konsolidas ian tersebut           presentation of the consolidated fina ncial statements in
sesuai dengan Stand ar Akuntansi Keu angan Indonesia, dan           accordance with Indonesian Financial Accounting Standards,
atas pengend a lian in tern al yang di anggap perlu oleh            and/or such internal control as manage ment determines is
man ajemen untuk mem ungk in kan penyusunan laporan                 necessary to enable the preparation of consolidated financ ial
keuangan konso lidas ian yang bebas dari kesalahan penyaj ian       statements that are free from material misstatement, whether
materi al, baik yang d isebabkan o leh kecurangan maupun            due to fraud or error.
kesalahan.

Dalam penyusunan laporan keuangan ko nsolidasian,                   In preparing the consolidated financial statements,
man ajemen be1tanggung jawab untuk menilai kemampuan                management is responsible for assessing the Group 's ability
Grup dalam mempe1t ahankan ke langsun gan usahanya,                 to continue as a going concern, disclosing, as applicable,
mengungkapkan, sesuai dengan kondi sinya, hal-hal yang              matters related to going concern and using the go ing concern
berkaitan den gan ke langsun gan usaha, dan menggunakan             basis of accounting unless management either intends to
bas is ak untans i kel angsungan usah a, kecuali manaj emen         liquidate the Group or to cease operations, or has no
memiliki intensi untuk meli ku idas i Grup atau menghentikan        realistic alternative but to do so.
operasi, atau tidak memiliki alternat if yang realisti s sela in
melaksanakan nya.

Pihak yang bertanggun g jawab atas tata ke lo la bertanggung        Those charged with governance are responsible fo r
j awab untuk mengawasi proses pelaporan keuangan Grup .             overseeing the Group's financia l reporting process.

Tanggung Jawab Auditor terhadap Audit alas Lapora11                 Auditors ' Responsibilities for th e Audit of the Co11solidated
Keua11gan Ko11solidasia11                                           Financial Statements
Tuj uan kam i ada lah untu k memperoleh keyakinan memadai           Our objectives are to obtain reasonable assurance about
tentan g apakah laporan keuangan kon so lidas ian secara            whether the consolidated financial statements as a whole are
keseluruhan bebas dari kesa lahan penyajian materi al, baik         free from material misstatement, whether due to fraud or
yang disebabkan o leh kecurangan maupun kesalahan, dan              error, and to issue an auditors ' report that includes our
untuk menerb itkan laporan aud itor yang mencakup opini             opinion. Reasonable assurance is a high level of assurance,
kami. Keyakinan memadai merupakan suatu tingkat                     but is not a guarantee that an audit conducted in accordance
keyakinan tinggi, namun bukan merupakan suatu jaminan               with the Standards on Auditing will always detect a material
bahwa audit yang dil aksanakan berdasarkan Stand ar Audit           misstatement when it exists. Misstatements can arise from
akan selalu mend eteksi kesalahan penyajian material ketika         fraud or error and are considered material if, individually or
hal terse but ada. Kesalahan penyaj ian dapat disebabkan o leh      in the aggregate, they could reasonably be expected to
kecurangan maupun kesa lahan dan dianggap materi al jika,            influence the economic decisions of users taken on the basis
baik secara indi v idual maupun secara agregat, dapat                of these consolidated financial statements.
di ekspektas ikan secara wajar akan memengaruhi keputusan
ekonomi yang di ambil o leh penggun a berdasarkan laporan
keuangan kon so lidasian tersebut.
Page 269
~


Sebagai bagian dari suatu audit berdasarkan Standar Audit,       As part of an audit in accordance with the Standards on
kam i menerapkan pertimbangan profesio na l dan                  Auditing, we exercise professional judgment and maintain
mempertahankan skeptisisme profesional selama aud it. Kami       professional skepticism throughout the audit. We also:
juga:

•    Mengidentifikas i dan menil ai ri siko kesalahan            •   Identify and assess the risks of material misstatement of
     penyajian material dalam laporan keuangan                       the consolidated fina ncial statements, whether due to
     konso lidas ian, baik yang di sebabkan o leh kecurangan         fraud or error, design and perform audit procedures
     maupun kesalahan, merancang dan melaksanakan                    responsive to those risks, and obtain audit evidence that
     prosedur audit yang responsif terhadap ri siko terse but,       is sufficient and appropriate to provide a basis for our
     serta memp ero leh bukti audit yang cukup dan tepat             opinion. The risk of not detecting a material
     untuk menyediakan bas is bagi opini kami . Ri siko ti dak       misstatement resulting from fraud is higher than fo r one
     terd eteksinya kesalahan penyaj ian materi al yang              resulting from error, as fraud may involve collusion,
     disebabkan oleh kecurangan lebih tingg i dari yang              forge ,y, intentional omissions, misrepresentations, or
     disebabkan oleh kesa lahan , karena kecurangan dapat            the override of internal control.
     melibatkan kolusi, pemal suan, penghilangan secara
     sengaja, pernyataan salah, atau pengabaian
     pengendalian internal.

•    Memperoleh suatu pemahaman tentang pengendalian             •   Obtain an understanding of internal control relevant to
     internal yang relevan dengan audit untuk merancang              the audit in order to design audit procedures that are
     prosedur audit yang tepat sesuai dengan kondi sinya,            appropriate in the circumstances, but not for the
     tetapi bukan untuk tujuan menyatakan opini atas                 purpose of expressing an opinion on the effectiveness of
     efektivitas pengend ali an intern a l Grup.                     the Group's internal control.

•    Mengevaluasi ketepatan kebijakan ak untansi yang            •    Evaluate the appropriateness of accounting policies
     digunakan serta kewajaran estimasi ak untansi dan                used and the reasonableness of accounting estimates
     pengungkapan terkait yang dibuat o leh manajemen.                and related disclosures made by management.

•    Menyimpul kan ketepatan penggunaan basis akuntansi          •    Conclude on the appropriateness of management 's use
     kelangsungan usaha oleh manajemen dan, berdasarkan               of the going concern basis of accounting and, based on
     bukti aud it yang diperoleh, apakah terdapat suatu               the audit evidence obtained, whether a material
     ketidakpastian material yang terkait dengan peri stiwa           uncertainty exists related to events or conditions that
     atau kondisi yang dapat menyebabkan keraguan                     may cast significant doubt on the Group 's ability to
     signifikan atas kemampuan Grup untuk                             continue as a go ing concern. If we conclude that a
     mempertah ankan ke langsun gan usahanya. Ketika kami             material uncertainty exists, we are required to draw
     menyimpulkan bahwa terdapat suatu ketidakpastian                 attention in our auditors' report to the related
     material, kami diharuskan untuk menarik perhatian                disclosures in the consolidated financial statements or,
     dalam laporan auditor kami ke pengungkapan terkait               ifsuch disclosures are inadequate, to modify our
     dalam laporan keuangan konso lidasian atau, jika                 opinion. Our conclusions are based on the audit
     pengungkapan tersebut tidak memadai, harus                       evidence obtained up to the date of our auditors ' report.
     menentukan apakah perlu untuk memodifikasi opini                 However, future events or conditions may cause the
     kami . Kesimpul an kam i d idasarkan pada bukti audit            Group to cease to continue as a going concern.
     yang diperoleh hingga tanggal laporan auditor kami .
     Namun, peristiwa atau kond isi masa depan dapat
     menyebabkan Grup tid ak dapat mempertahankan
     kelangsungan usa ha.

•    Mengevaluas i penyajian, struktur, dan isi laporan          •    Evaluate the overall presentation, structure and content
     keuangan kon so lidasian secara keseluruhan, termasuk            of the consolidated financial statements, including the
     pengungkapannya, dan apakah laporan keuangan                     disclosures, and whether the consolidated financial
     konso lidasian mencerminkan transaksi dan peristiwa              statements represent the underlying transactions and
     yang mendasarinya dengan suatu cara yang mencapai                events in a manner thal achieves fair presentation.
     penyajian wajar.
Page 270
~


•    Merencanakan dan me laksanakan audit grup untuk               •    Plan and perform the group audit to obtain sufficient
     mempero leh bukti aud it yang cukup dan tepat terkait              appropriate audit evidence regarding the fina ncial
     informasi keuangan entitas atau unit bisnis dalam Grup              information of the entities or business units within the
     sebagai basis untuk merumuskan opini atas lapo ran                 Group as basis for forming an opinion on the group
     keuangan grup. Kami bertanggung j awab atas arahan,                financial statements. We are responsible for the
     supervisi , dan penelaahan atas pelaksanaan pekerj aan             direction, supervision and review of the audit work
     audit untuk tujuan audit grup. Kami tetap bertanggung              perfor med for purpose of the group audit. We remain
     jawab sepenuhnya atas opini audit kan1i.                           solely responsible for our audit opinion.


Kami mengomunikasikan kepad a pihak yang bertanggung               We communicate with those charged with governance
jawab atas tata kelol a mengenai , antara lain, ruang lingkup      regarding, among other matters, the planned scope and
dan saat yang direncanakan atas aud it, serta tem uan audit        timing of the audit and significant audit findings, including
signifikan, termasuk setiap defi siensi sig nifikan dalam          any significant deficiencies in internal control that we
pengendali an internal yang teridentifikasi oleh kami selama       identify during our audit.
aud it.

Kami juga memberikan suatu pernyataan kepada pihak yang            We also provide those charged with governance with a
bertanggung jawab atas tata kelola bahwa kami telah                statement that we have complied with relevant ethical
mematuhi ketentuan etika yang rel evan mengenai                    requirements regarding independence, and communicate with
independensi, dan mengomunikasikan seluruh hubungan,               them all relationships and other matters that may reasonably
serta hal-hal lain yang dian ggap secara waj ar berpengaruh        be thought to bear on our independence, and where
terhadap independ ensi kami, dan, jika relevan, langkah yang       applicable, actions taken to eliminate threats or safeguards
diambil untuk menghilan gkan ancaman atau pengamanan               applied.
yang diterapkan.

Dari hal-h al yang dikomunikas ikan kepada pihak yang              From the matters communicated with those charged with
bertanggung j awab atas tata kelola, kami menentukan hal-hal       governance, we determine those matters that were of most
tersebut yang paling signifikan dalam aud it atas laporan          significance in the audit of the consolidated fina ncial
keuangan konsolidas ian periode kini dan o leh karenanya           statements of the current period and are therefore the key
menjadi hal audit utama. Kami menguraikan hal audit utama          audit matters. We describe these matters in our auditors'
dalam laporan aud ito r kami, kecuali peraturan perundang-         report unless law or regulation precludes public disclosure
undan gan melarang pengungkapan publik tentang hal tersebut        about the matter or when, in extremely rare circumstances,
atau ketika, dalam kondi si yang sangat jarang terjadi, kami       we determ ine that a matter should not be communicated in
menentukan bahwa suatu hal tidak boleh dikomunikasikan             our report because the adverse consequences of doing so
dalam laporan kami karena kon sekuen si merugikan dari             would reasonably be expected to outweigh the public interest
mengomunikasikan hal tersebut akan diekspektasikan secara          benefits of such communication.
wajar melebihi manfaat kepentin gan publik atas komunikasi
tersebut.


                                     Kantor Akuntan Publi k/Registered Public Accountants
                                                   Siddharta Widj aja & Rekan




                                                Grace Prativi Widjaja, S.E. , CPA
                                 lzin Akuntan Publi k/Public Accountant License No. AP. 1223
30 Maret 2026                                                                                                          30 March 2026




                                                                                                              00091/2.1005/4U. 1/0Sl122l·4/1/Ml/2026
Page 271
Graha Mobisel, Lt.3
Jl. Buncit Raya No.139
Kalibata, Pancoran
Jakarta Selatan - 12740
Telp : (+62 21) 7993 973 (Hunting)
Fax : (+62 21) 7919 7870
www.pt-kokoh.com

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Names mentioned 121 people and organisations named in the text · linked when the evidence is strong

linked org Kokoh Inti Arebama Tbk p.3 ×244
linked person WIROAT RATTANACHAISIT · President Commissioner p.12 ×18
linked person Vorapong Panavasu · Commissioner p.17 ×21
linked person Warit Jintanawan. · President Director p.17 ×34
linked person THICHET SRISURIYON · President Director p.20 ×32
linked person Surawit Rattanawaree · Wakil Direktur Utama p.29 ×13
linked person Nipan Boonbandarn · President Director p.29 ×23
linked person Pavaret Lila · Wakil Direktur Utama p.29 ×10
linked person Saran Kaitiwong · Director p.29 ×14
linked person Kittikun Thongdejsri · Director p.29 ×15
linked person Sataporn Na Songkhla · Director p.29 ×15
linked person Pattaraphon Charttongkum · Director p.29 ×13
linked person Y. Agung Kuncoro Hadi · Director p.29 ×22
linked org SCG Distribution Co., Ltd. p.34 ×23
linked org Keramika Indonesia Assosiasi Tbk p.36 ×20
linked org PT KIA Keramik Mas p.36 ×17
linked person Noppadol Gaewthabthim · Komisaris Independen p.46 ×14
linked person Ancella Anitawati Hermawan p.46
linked org Global House p.49
linked org Catur Sentosa Adiprana Tbk p.49 ×2
linked — SCG Decor Public p.54 ×2
linked — Susalak Khiew-Orn · Direktur p.113 ×2
linked person Paramate Nisagornsen · Komisaris Utama p.113 ×3
possible org Otoritas Jasa Keuangan p.3 ×3
possible org Bursa Efek Indonesia p.9 ×3
possible org Kokoh Inti Inti Arebama Tbk p.21 ×2
possible person Dr. Irawan Soerodjo p.34 ×5
possible org Negara Republik Indonesia p.34
possible person Dwi Astuti p.46
unresolved org Kantor Akuntan Publik Table p.2
unresolved person Driving Sustainable Business Operations · Corporate Secretary p.3
unresolved person Amid · Komisaris p.13
unresolved org Pusat Statistik p.13 ×5
unresolved org Bank Indonesia p.13 ×13
unresolved org Bank Indonesia’s p.13 ×3
unresolved person Warit p.18
unresolved org PT Kokoh p.21 ×2
unresolved org Arebama Tbk p.21
unresolved org Hokkaido Poracon Co., Ltd. p.28 ×2
unresolved org Kota Nusantara p.30 ×2
unresolved org Pendirian · Nama Perusahaan p.34
unresolved person Akta Notaris Fitricia Arisusanti p.34 ×4
unresolved org Menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia p.34 ×2
unresolved org Minister of Justice and Human Rights p.34
unresolved org PT KIA p.36
unresolved org PT KIA Serpih Mas p.36 ×3
unresolved org Minister of Justice p.37
unresolved org Indonesia Stock Exchange p.37 ×2
unresolved org Bapepam p.37 ×4
unresolved org PT Karya p.38
unresolved org PT Karya Makmur Makmur Kreasi Prima p.38
unresolved org Inti Arebama Tbk p.39
unresolved person H. Isan p.45
unresolved person Daan Mogot · Anggota p.47
unresolved person Kebon Jeruk · Member p.47
unresolved person Permata Kuningan · Anggota p.47
unresolved person Kuningan Mulia · Member p.47
unresolved org SCG Cement-Building Materials Co., Ltd. p.48 ×5
unresolved org PT Surya Siam Keramik p.48 ×4
unresolved org PT Semen Lebak p.48
unresolved org PT SCG Ready Mix Indonesia p.48
unresolved org PT SCG Pipe p.48 ×3
unresolved org PT Semen Jawa p.48 ×4
unresolved org PT Tambang Semen Sukabumi p.48
unresolved org SCG Cement Co., Ltd. p.49 ×2
unresolved org SCG Network Management Co., Ltd. p.49
unresolved org PT Karya Makmur Kreasi Prima p.49 ×6
unresolved org PT Siam-Indo Gypsum Industry p.49
unresolved org PT Siam-Indo Concrete Products p.49
unresolved org PT SCG Indonesia p.49 ×4
unresolved org Aggregate Co., Ltd. p.50 ×3
unresolved org PT SCG Readymix Indonesia p.50 ×3
unresolved org PT SCG Lightweight Concrete Indonesia p.50 ×3
unresolved org CPAC Roof Tile Co., Ltd. p.51 ×2
unresolved org Ceramic Roof Tile Co., Ltd. p.51 ×2
unresolved org SCG Building Materials Co., Ltd. p.51
unresolved org Siam Fiber Cement Co., Ltd. p.51
unresolved person Independensi · Komisaris Independen p.52 ×2
unresolved org Financial Services Authority p.52 ×2
unresolved org Cement-Building Materials Co., Ltd. p.53 ×2
unresolved org Thai Ceramic Co., Ltd. p.54
unresolved org SCG Decor Public Company Limited p.54 ×2
unresolved org Siam Cement Public Company Limited p.56
unresolved org SCG Accounting Services Co., Ltd. p.56
unresolved org SCG Landscape Co., Ltd. p.56
unresolved org PT Living Platform Indonesia p.56
unresolved org Thai Ceramics Co., Ltd. p.57 ×4
unresolved org SCG Ceramic Co., Ltd. p.57
unresolved org SCG Cement-Building Materials Vietnam LLC p.58
unresolved — Reappointed · Independent Director p.59
unresolved org PT Ultramos Jaya p.59
unresolved org PT Putramakmur Aditama p.59 ×2
unresolved org PT Bengawan Nusantara p.59
unresolved org Cementhai Ceramic Company Limited p.60
unresolved org SCG Ceramics Public Company Limited p.60
unresolved — Masyarakat/Public p.66
unresolved org SCG Distribution Company Limited p.67 ×2
unresolved org Kehadiran SCG Distribution Company Limited p.67
unresolved org PT Karya Makmur Kreasi Prima Bidang p.68
unresolved org Kantor Akuntan Publik Information p.69
unresolved org Siddharta Widjaja dan Rekan p.69
unresolved org PT Adimitra Jasa Korpora p.69 ×5
unresolved person H. Kirana Boutique Office p.69
unresolved org PT Keramika Indonesia p.72
unresolved org Bank Harga Properti Residensial p.74
unresolved org Koordinasi Penanaman Modal p.78
unresolved org Bank Indonesia’s Consumer Survey p.81
unresolved person Notary Sri Hidianingsih Adi Sugijanto p.96 ×5
unresolved — Chair · Ketua p.105
unresolved person Sugijanto p.105 ×5
unresolved org Siddharta Widjaja & Rekan p.105 ×2
unresolved org Siddharta Widjaja & Partners p.105 ×2
unresolved org PT Kustodian Sentral Efek Indonesia p.106 ×3
unresolved org Kantor Akuntan Publik Decision p.108 ×2
unresolved org Independen Siddharta Widjaja & Rekan p.108 ×2
unresolved org Independent Public Accounting Firm Siddharta Widjaja & Partners p.108 ×2
unresolved person H. Kantor Akuntan Publik p.110
unresolved — Siddharta Widjaja · Kantor Akuntan Publik p.110
unresolved person Piagam · Komisaris p.115 ×3
unresolved person Pedoman Kerja · Komisaris p.115

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